Cbse Syllabus

1
SCIENCE COLLEGE (AUTONOMOUS)
HINJILICUT, GANJAM, ODISHA
COURSES OF STUDIES
FOR
B. Com.
First Semester Examination- 2017-18
Second Semester Examination- 2017-18
Third Semester Examination- 2018-19
Fourth Semester Examination- 2018-19
Fifth Semester Examination- 2019-20
Sixth Semester Examination- 2019-20
2
B. Com. (Hons.)
Syllabus
Choice Based Credit System (CBCS)
Science College (Autonomous)

Hinjilicut
3
SCIENCE COLLEGE (AUTONOMOUS),HINJILICUT
COURSES OF STUDIES
For Three-Year (6-Semester) CBCS Programme in Commerce at UG Level
B.Com. (Hons.)
Course Structure
Paper Name of the Paper Paper Code Credit
No. Points
Semester I
1.1 Environmental Studies/ Science(EVS) AECC-1 2
1.2 Financial Accounting(FA) Core -1 6
1.3 Business Law(BL) Core -2 6
1.4 Micro Economics(MIE) GE-1 6
Total 20
Semester II
2.1 Business Communication (Language-English/Hindi/MIL)(BC) AECC-2 2
2.2 Business Organization and Management (BOM) Core -3 6
2.3 Corporate Laws(CL) Core -4 6
2.4 Business Statistics(BS) GE-2 6
Total 20
Semester III
3.1 Business Mathematics(BM) Core-5 6
3.2 Income-Tax Law and Practice(ITLP) Core -6 6
3.3 Human Resource Management(HRM) Core -7 6
3.4 Macro Economics(MAE) GE-3 6
3.5 E-Commerce(EC) SEC-1 2
Total 26
Semester IV
4.1 Goods and Services Tax(GST) Core -8 6
4.2 Cost and Management Accounting (CMA) Core -9 6
4.3 Computer Applications in Business(CAB)(Practical) Core -10 6
4.4 Indian Economy - Performance and Policies(IEPP) GE-4 6
4.5 Entrepreneurship(ENT) SEC-2 2
Total 26
Semester V
5.1 Corporate Accounting(CA) Core -11 6
5.2 Principles of Marketing(PM) Core -12 6
5.3 DSE-1 (Any one of the following) DSE-1 6
A. Accounting and Finance Financial Markets , Institution
and Services(FMIS)
4
B. Banking and Insurance Indian Banking and Insurance

System(IBIS)
C. Financial Markets Indian Financial System(IFS)
5.4 DSE-2 (Anyone of the following) DSE-2 6
A. Accounting and Finance Financial Statement Analysis and
Reporting(FSAR)
B. Banking and Insurance Merchant Banking and Financial
Services(MBFS)
C. Financial Markets Financial Institutions and Services
(FIS)
Total 24
Semester VI
6.1 Auditing and Corporate Governance(ACG) Core -13 6
6.2 Fundamentals of Financial Management(FFM) Core-14 6
6.3 DSE-3(Any one of the following) DSE-3 6
Corporate Tax
A. Accounting and Finance Planning(CTP)
Fundamentals of
B. Banking and Insurance Investment(FI)
Financial Market Operations
C. Financial Markets (FMO)
6.4 Business Research Methods and Project Work (BRMP) DSE-4 6
Total 24
Grand Total 140
Notes:
 AECC- Ability Enhancement Compulsory Course
 GE- Generic Elective Course
 DSE- Discipline Specific Elective Course
 SEC- Skill Enhancement Course
 For a 6 credit course, the total teaching hours are: Minimum- 50 Hours, Maximum-65 Hours
 For a 2 credit course, the total teaching hours are: Minimum- 20 Hours, Maximum-30 Hours
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B.Com. (Hons.): Semester - I

Paper 1.2: Financial Accounting
Duration: 3 hrs. Marks: 100 Lectures: 65
Objectives: The objective of this paper is to help students to acquire conceptual knowledge of the
financial accounting and to impart skills for recording various kinds of business transactions.
CONTENTS
Unit 1. (a) Theoretical Framework 5 Lectures

i. Accounting as the language of business and an information system, the users of
financial accounting information and their needs. Qualitative characteristics of
accounting information. Functions, advantages and limitations of accounting.
Branches of accounting. Bases of accounting; cash basis and accrual basis.
ii. The nature of financial accounting principles – Basic concepts and conventions: entity,
money measurement, going concern, cost, realization, accruals, periodicity,
consistency, prudence (conservatism), materiality and full disclosures and Accounting
Equation.
(b) Accounting Process 05 Lectures

From recording of business transactions to the preparation of trial balance including
adjustments: journal, sub-division of journal, ledger accounts, trial balance
Unit 2. Business Income 07Lectures

i. Depreciation Accounting: The accounting concept of depreciation. Factors in the
measurement of depreciation. Methods of computing depreciation: straight line method
and diminishing balance method; Disposal of depreciable assets-change of method.
Salient features of Accounting Standard (AS): 6(ICAI)
ii. Inventory Accounting: Meaning. Significance of inventory valuation. Inventory Record

Systems: periodic and perpetual. Methods: FIFO, LIFO and Weighted Average. Salient
features of Accounting Standard (AS): 2 (ICAI)
Unit 3. Final Accounts 12 Lectures
Capital and revenue expenditures and receipts: general introduction only. Preparation of
financial statements of Sole Trade and Partnership Business with adjustments.
Unit 4. Accounting for Hire Purchase, Branch and Lease 20 Lectures

Accounting for Hire Purchase and Installment Systems, Concepts of operating and financial
lease (theory only) Departmental Accounting and Branch Accounting Excluding foreign
branch (Theory and Problem)
Unit 5.Accounting for Partnership Firm 15 Lectures
Accounting of Admission of partner, Retirement and Death of partner and Dissolution of the
Partnership Firm Including Insolvency of partners
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Suggested Readings:
1. Anthony, R.N. Hawkins, and Merchant, Accounting: Text and Cases. McGraw-Hill Education.
2. Horngren, Introduction to Financial Accounting, Pearson Education.
3. Monga, J.R. Financial Accounting: Concepts and Applications. Mayoor Paper Backs, New
Delhi.
4. Shukla, M.C., T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New
Delhi.
5. Maheshwari, S.N. and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House, New
Delhi.
6. Sehgal, Ashok, and Deepak Sehgal. Advanced Accounting. Part –I. Taxmann Applied Services,
New Delhi.
7. Bhushan Kumar Goyal and HN Tiwari, Financial Accounting, International Book House
8. Goldwin, Alderman and Sanyal, Financial Accounting, Cengage Learning.
9. Tulsian, P.C. Financial Accounting, Pearson Education.
8. Jain, S.P. and K.L. Narang. Financial Accounting, Kalyani Publishers, New Delhi
9. Gupta, Nirmal. Financial Accounting, Sahitya Bhawan, Agra.
10. Compendium of Statements and Standards of Accounting. The Institute of Chartered Accountants
of India, New Delhi

Paper 1.3: BUSINESS LAW
Objective: The objective of the course is to impart basic knowledge of the important business
laws along with relevant case laws.
Contents:
Unit I: The Indian Contract Act, 1872: General Principle of Law of Contract 13 Lectures
a) Contract – meaning, characteristics and kinds
b) Essentials of valid contract - Offer and acceptance, consideration, contractual capacity, free
consent, legality of objects.
c) Void agreements
d) Discharge of contract – modes of discharge including breach and its remedies.
e) Contingent contracts
f) Quasi-contracts
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Unit II: The Indian Contract Act, 1872: Specific Contracts 13 Lectures
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency
Unit III: The Sale of Goods Act, 1930 13 Lectures

a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties
c) Transfer of ownership in goods including sale by non-owners
d) Performance of contract of sale
e) Unpaid seller – meaning and rights of an unpaid seller against the goods and the buyer.
Unit IV: Partnership Laws 13 Lectures

The Partnership Act, 1932
a. Nature and Characteristics of Partnership
b. Registration of Firms
c. Types of Partners
d. Rights and Duties of Partners
e. Implied Authority of a Partner
f. Incoming and outgoing Partners
g. Mode of Dissolution of Partnership
Unit V: The Negotiable Instruments Act 1881 13 Lectures
a) Meaning and Characteristics of Negotiable Instruments : Promissory Note, Bill of

Exchange, Cheque
b) Holder and Holder in due Course, Privileges of Holder in Due Course.
c) Negotiation: Types of Endorsements
d) Crossing of Cheque
e) Bouncing of Cheques
Suggested Readings:
1. Kuchhal, M.C. and Vivek Kuchhal, Business Law, Vikas Publishing House, New Delhi.
2. Singh, Avtar, Business Law, Eastern Book Company, Lucknow.
3. Maheshwari & Maheshwari, Business Law, National Publishing House, New Delhi.
4. Chadha, P. R., Business Law Galgotia Publishing Company, New Delhi.
5. Aggarwal S K, Business Law, Galgotia Publishers Company, New Delhi.
6. Goyal Bhushan Kumar and Jain Kinneri, Business Laws, International Book House
7. Ravinder Kumar, Legal Aspects of Business, Cengage Learning
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Paper – 1.4: MICRO ECONOMICS
Objective: Objective of the course is to acquaint the students with the concepts ofmicro-
economics dealing with consumer behavior. The course also makes the student understand the
supply side of the market through the production and cost behavior of firms.
Learning Outcomes: The students would be able to apply tools of consumerbehavior and firm
theory to business situations.
COURSE CONTENTS
Unit I: Demand and Consumer Behaviour 13 lectures

Concepts of revenue: Marginal and Average: Revenue under conditions of Perfect and
imperfect competition Elasticity of demand: price, income and cross. Consumer Behaviour:
Indifference curve analysis of consumer behavior; Consumer’s equilibrium, Price elasticity and
price consumption curve, income consumption curve and Engel curve, price change and
income and substitution effects.
Unit II: Production and Cost 13 lectures

Production iso-quants, marginal rate of technical substitution, economic region of production,
optimal combination of resources, the expansion path, returns to scale using iso-quants.
Cost of Production: Social and private costs of production, long run and short run costs of
production.
Unit III: Perfect Competition 13 lectures

Perfect competition: Assumptions. Equilibrium of the firm and the industry in the short and the
long-runs, including industry’s long run supply curve. Measuring producer surplus under
perfect competition.
Unit IV: Monopoly 13 lectures

Monopoly: Monopoly short run and long run equilibrium. Shifts in demand curve and the
absence of the supply curve. Measurement of monopoly power and the rule of thumb for
pricing. Horizontal and vertical integration of firms.
Unit V: Imperfect Competition 13 lectures

Monopolistic Competition and Oligopoly: Monopolistic competition price and output decision-
equilibrium. Monopolistic Competition and economic efficiency Oligopoly and
Interdependence
Suggested Readings:
1. Pindyck, R.S., D. L. Rubinfeld and P. L. Mehta; Microeconomics, Pearson Education.
2. N. Gregory mankiw, Principles of Micro Economics, Cengage Learning
3. Browining, E.K. and J.M. Browning; Microeconomic Theory and Applications,
Kalyani Publishers, New Delhi.
4. Gould, J.P. and E.P. Lazear; Microeconomic Theory, All India Traveller Bookseller,
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New Delhi.
5. Lipsey, R.G. and K.A. Chrystal; Economics, Oxford University Press.
6. Maddala G.S. and E. Miller; Microeconomics: Theory and Applications,
MCGraw-Hill International.
7. Salvatore, D. Schaum’s Outline of Theory and Problems of Microeconomic Theory,
McGraw-Hill, International Edition.
8. Bilas, Richard A. Microeconomic Theory: A Graphical Analysis, McGraw-Hill Book
Co. Kogakusha Co. Ltd.
9. Amit Sachdeva, Micro Economics, Kusum Lata Publishers.
B.Com. (Hons.): Semester - II

Paper 2.1: BUSINESS COMMUNICATION
(In English)
Objective: To equip students of the B.Com (Hons.) course effectively to acquire skills
inreading, writing, comprehension and communication, as also to use electronic media for
business communication.
Content:
Unit I: Nature of Communication, Process of Communication, Types of Communication

(Verbal & Non Verbal), Importance of Communication, Different forms of
Communication,Barriers to Communication and Causes, Linguistic Barriers, Psychological
Barriers, Interpersonal Barriers, Cultural Barriers, Physical Barriers, Organizational Barriers.
Unit 2: Business Correspondence: Letter Writing, Presentation, Inviting quotations, Sending
quotations, Placing orders, Inviting tenders, Sales letters, claim & adjustment letters and social
correspondence, Memorandum, Inter -office Memo, Notices, Agenda, Minutes, Job application
letter, preparing the Resume.
Unit 3: Report Writing and Business reports, Types, Characteristics, Importance, Elements of
structure, Process of writing, Order of writing, the final draft, and check lists for reports.
Unit 4: Vocabulary Words often confused, Words often misspelt, Common errors
inEnglish.
Unit 5: Oral Presentation Importance, Characteristics, Presentation Plan, Power

pointpresentation, Visual aids.
Suggested Readings:
1. Lesikar, R.V. & Flatley, M.E.; Basic Business Communication Skills forEmpowering the
Internet Generation, Tata McGraw Hill Publishing Company Ltd.New Delhi.
2. Bovee, and Thill, Business Communication Today, Pearson Education
3. Shirley Taylor, Communication for Business, Pearson Education
4. Locker and Kaczmarek, Business Communication: Building Critical Skills, TMH
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Paper – 2.2: BUSINESS ORGANIZATION AND MANAGEMENT

Objective: The course aims to provide basic knowledge to the students about the
organisation and management of a business enterprise.
Contents
Unit I Foundation of Indian Business: Lectures: 13
Manufacturing and service sectors; Small and medium enterprises; Problems and government
policy. India’s experience of liberalisation and globalisation. Technological innovations and
skill Development. ‘Make in India’ Movement. Social responsibility and ethics. Emerging
opportunities in business; Franchising, Outsourcing
Unit II Business Enterprises Lectures: 13

Forms of Business Organization: Sole Proprietorship, Joint Hindu Family Firm, Partnership
firm, Joint Stock Company, Cooperative society; Limited Liability Partnership; Choice of
Form of Organization. Government - Business Interface; Rationale and Forms of Public
Enterprises. International Business. Multinational Corporations
Unit III Management and Organisation Lectures: 13

The Process of Management: Planning; Decision-making; Strategy Formulation. Organizing:
Basic Considerations; Departmentation – Functional, Project, Matrix and Network; Delegation
and Decentralization of Authority; Groups and Teams
Unit IV: Leadership, Motivation and Control Lectures: 13

Leadership: Concept and Styles; Trait and Situational Theory of Leadership.Motivation:
Concept and Importance; Maslow’s Need Hierarchy Theory; Herzberg Two Factors Theory.
Communication: Process and Barriers; Control: Concept and Process.
Unit IV: Functional Areas of Management Lectures: 13
Marketing Management: Marketing Concept; Marketing Mix; Product Life Cycle; Pricing
Policies and Practices. Financial Management: Concept and Objectives; Sources of Funds –
Equity Shares, Debentures, Human Resource Management: Concept and Functions; Basic
Dynamics of Employer - Employee Relations.
Suggested Readings:
a) Kaul, V.K., Business Organisation and Management, Pearson Education, NewDelhi

b) Chhabra, T.N., Business Organisation and Management, Sun India Publications, New Delhi
c) Robert; Lawrence, Modern Business Organization, Macmilan India.
d) Koontz and Weihrich, Essentials of Management, McGraw Hill Education.
e) Basu, C. R., Business Organization and Management, McGraw Hill Education.
f) Jim, Barry, John Chandler, Heather Clark; Organisation and Management, Cengage
Learning.
g) Buskirk, R.H., et al; Concepts of Business: An Introduction to Business System, Dryden
Press, New York.
h) Allen, L.A., Management and Organisation; McGraw Hill, New York.
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i) Burton Gene and Manab Thakur; Management Today: Principles and Practice; Tata
McGraw Hill, New Delhi.
j) Griffin, Management Principles and Application, Cengage Learning

Paper 2.3: CORPORATE LAWS
Objective: The objective of the course is to impart basic knowledge of theprovisions of the
Companies Act 2013 and the Depositories Act, 1996. Case studies involving issues in corporate
laws are required to be discussed.
UNIT I Introduction 15 Lectures

Administration of Company Law [including National CompanyLaw Tribunal (NCLT),
National Company Law Appellate Tribunal (NCLAT), Special Courts]; Characteristics of a
company; types of companies including one person company, small company, dormant
company and producer company; association not for profit; formation of company, on-line
filing of documents, promoters, their legal position. (As per companies Act, 2013)
UNIT II Documents 15 Lectures

Memorandum of association, articles of association, GDR; book building; issue, allotment and
forfeiture of share, transmission of shares, buyback and provisions regarding buyback; issue of
bonus shares. (As per companies Act, 2013)
UNIT III Management 15 Lectures

Classification of directors, women directors, independent director,disqualifications, director
identity number (DIN); appointment; Legal positions, powers and duties; removal of directors;
managing director, meetings of shareholders and board; types of meeting, meeting through
video conferencing, e-voting.Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee, Corporate Social Responsibility Committee. (As per
companies Act, 2013)
UNIT IV Dividends, Accounts, Audit– 15 Lectures

Provisions relating to payment of Dividend,Provisions relating to Books of Account, Provisions
relating to Audit, Auditors' Appointment, Rotation of Auditors, Auditors' Report.
Winding Up - Concept and modes of Winding Up.
Insider Trading, Whistle Blowing – Insider Trading; meaning & legal provisions;Whistle
blowing: Concept and Mechanism.
UNIT V Depositories Law: 5 Lectures

The Depositories Act 1996 – Definitions; rights and obligationsof depositories; participants
issuers and beneficial owners; inquiry and inspections, penalty.
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Suggested Readings:
1. MC Kuchhal Corporate Laws, Shri Mahaveer Book Depot. (Publishers).

2. GK Kapoor & Sanjay Dhamija, Company Law, Bharat Law House.
3. Reena Chadha and Sumant Chadha, Corporate Laws, Scholar Tech Press.
4. Gowar, LCB, Principles of Modern company Law, Stevens & Sons, London.
5. Ramaiya, A Guide to Companies Act, LexisNexis, Wadhwa and Buttersworth.
6. A Compendium of Companies Act 2013, along with Rules, by TaxmannPublications.
7. Avtar Singh, Introduction to company Law, Eastern Book Company

Paper – 2.4: BUSINESS STATISTICS
Objective: The objective of this course is to familiarize students with the basic statisticaltools
used to summarize and analyze quantitative information for decision making.
Expected Learning Outcomes: The students are expected to be equipped with the tools
ofprocessing and description of statistical data. In addition, the student would develop
competence to use computer for statistical calculations especially for comparatively large-sized
problems.
Unit 1Statistical Data and Descriptive Statistics Lectures: 15

Nature and Classification of data: univariate, bivariate and multivariate data; time-series
and cross-sectional data
Measures of Central Tendency
a) Mathematical averages including arithmetic mean, geometric mean and harmonic mean.
Properties and applications.
b) Positional Averages
Mode and Median (and other partition values including quartiles, deciles, and
percentiles) (including graphic determination)
Unit 2 Lectures: 14
Measures of Variation: absolute and relative. Range, quartile deviation, mean deviation,
standard deviation, and their coefficients, Properties of standard deviation/variance
Skewness: Meaning, Measurement using Karl Pearson and Bowley’s measures; Concept of
Kurtosis
Probability and Probability Distributions
Theory of Probability. Approaches to the calculation of probability Calculation of event

probabilities. Addition and multiplication laws of probability (Proof not required) Conditional
probability and Bayes’ Theorem (Proof not required)
Unit 3Simple Correlation and Regression Analysis Lectures: 10

Correlation Analysis. Meaning of Correlation: simple, multiple and partial; linear and non-
linear, Correlation and Causation, Scatter diagram, Pearson’s co-efficient of correlation;
calculation and properties (proofs not required). Correlation and Probable error; Rank
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Correlation
Regression Analysis. Principle of least squares and regression lines, Regression equations and
estimation; Properties of regression coefficients; Relationship between Correlation and
Regression coefficients; Standard Error of Estimate
Unit 4Index Numbers Lectures: 10

Meaning and uses of index numbers. Construction of index numbers: fixed and chain base:
univariate and composite. Aggregative and average of relatives – simple and weighted
Tests of adequacy of index numbers, Base shifting, splicing and deflating. Problems in the
construction of index numbers
Construction of consumer price indices. Important share price indices
Unit 5Time Series Analysis Lectures: 10

Components of time series. Additive and multiplicative models Trend analysis. Fitting of trend
line using principle of least squares – linear, second degree parabola and exponential.
Conversion of annual linear trend equation to quarterly/monthly basis and vice-versa; Moving
averages Seasonal variations- Calculation of Seasonal Indices using Simple averages, Ratio-to-
trend, and Ratio-to-moving averages methods. Uses of Seasonal Indices
Suggested Readings:
1. Levin, Richard, David S. Rubin, Rastogi, and Siddiqui. Statistics for Management. 7th
Edition. Pearson Education.
2. Berenson and Levine. Basic Business Statistics: Concepts and Applications. Pearson
Education.
3. Siegel Andrew F. Practical Business Statistics. McGraw Hill.
4. Vohra N. D., Business Statistics, McGraw Hill.
5. Spiegel M.D. Theory and Problems of Statistics. Schaum’s Outlines Series. McGraw Hill
Publishing Co.
6. Gupta, S.P., and Archana Gupta. Statistical Methods. Sultan Chand and Sons, New Delhi.
7. Gupta, S.C. Fundamentals of Statistics. Himalaya Publishing House.
8. Anderson Sweeney and William, Statistics for Students of Economics and Business,
Cengage Learning.
9. Thukral J. K., Business Statistics.
B.Com. (Hons.): Semester - III

Paper 3.1: BUSINESS MATHEMATICS
Duration: 3 hrs. Marks: 100Lectures: 65
Objective: The objective of this course is to familiarize the students with the
basicmathematical tools with emphasis on applications to business and economic situations.
Unit 1. Matrices and Determinants Lectures 12

Algebra of matrices. Inverse of a matrix, Matrix Operation – Business Application
Solution of system of linear equations (having unique solution and involving not more than
three variables) using matrix inversion Method and Cremer’s Rule
Unit 2. Calculus I Lectures

14
12Mathematical functions and their types- linear, quadratic, polynomial, exponential,

logarithmic and logistic function. Concepts of limit, and continuity of a function.Concept and
rules of differentiation, Maxima and Minima involving second or higher order derivatives.
Unit 3. Calculus II Lectures 13

Integration. Standard forms. Methods of integration – by substitution, by parts and by use of
partial fractions. Definite integration. Finding areas in simple cases. Application of Integration
to marginal analysis. Consumer’s and Producer’s Surplus, Rate of Sales and the Learning
Curve.
Unit 4. Mathematics of Finance Lectures 10
Compounding and discounting of a sum using different types of rates. Types of annuities, like
ordinary, due, deferred, continuous, perpetual, and their future and present values using
different types of rates of interest. Depreciation of Assets. (General annuities to be excluded)
Unit 5. Linear Programming Lectures 17

Formulation of linear programming problems (LPP). Graphical solution to LPPs. Cases of
unique and multiple optimal solutions. Unbounded solutions and infeasibility, and redundant
constraints. Solution to LPPs using Simplex method – maximization and minimization cases.
Suggested Readings:
1. Anthony, M. and N. Biggs. Mathematics for Economics and Finance. Cambridge

University Press.
2. Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum’s Outlines
Series. McGraw Hill Publishing Co.
3. Budnick, P. Applied Mathematics. McGraw Hill Publishing Co.
4. Dowling, E.T. Mathematics for Economics, Schaum’s Outlines Series. McGraw Hill
Publishing Co.
5. Mizrahi and John Sullivan. Mathematics for Business and Social Sciences. Wiley and
Sons.
6. Wikes, F.M. Mathematics for Business, Finance and Economics. Thomson Learning.
7. Prasad, Bindra and P.K. Mittal. Fundamentals of Business Mathematics. Har-Anand
Publications.
8. Thukral, J.K. Mathematics for Business Studies. Mayur Publications.
9. Vohra, N.D. Quantitative Techniques in Management. Tata McGraw Hill Publishing
Company.
10. Soni, R.S. Business Mathematics. Pitambar Publishing House.
11. Singh J. K. Business Mathematics. Himalaya Publishing House.

Paper 3.2: INCOME TAX LAW AND PRACTICE
Objective:To provide basic knowledge and equip students with the application of principles
and provisions of Income Tax Act 1961
Unit I 13 Lectures
Basic concept: Income, agricultural income, person, assessee,assessment year, previous year,
gross total income, totalincome,Maximum marginal rate of tax.Permanent Account Number
15
(PAN), Residential status; Scope of total income on the basis of residentialStatusExempted

income under section 10
Unit IIComputation of income under different heads 20 Lectures

- Salaries
- Income from house property
Unit IIIComputation of income under different heads 12 Lectures

- Profits and gains of business or profession
- Capital gains
- Income from other sources
Unit IVTotal income and tax computation 17 Lectures
Income of other persons included in assessee’s total income- Aggregation of income and set-off
and carry forward of lossesDeductions from gross total income, Rebates and reliefs
- Computation of total income of individuals and firms
- Tax liability of an individual and firm
- Five leading cases of Supreme Court
Unit VPreparation of return of income: 13 Lectures
- ManuallyOn-line filing of Returns of Income & TDS.
- Provision & Procedures of Compulsory On-Line filing of returnsfor
specified assesses.
Suggested readings:
1. Singhania, Vinod K. and Monica Singhania. Students’ Guide to Income Tax,University

Edition. Taxmann Publications Pvt. Ltd., New Delhi.
2. Ahuja, Girish and Ravi Gupta. Systematic Approach to Income Tax. Bharat Law House,
Delhi.
3. Pagare, Dinkar. Law and Practice of Income Tax. Sultan Chand and Sons, New Delhi.
4. Lal, B.B. Income Tax Law and Practice. Konark Publications, New Delhi.
Journals
1. Income Tax Reports. Company Law Institute of India Pvt. Ltd., Chennai.
2. Taxman. Taxman Allied Services Pvt. Ltd., New Delhi.
3. Current Tax Reporter. Current Tax Reporter, Jodhpur.
Software
1. Dr. Vinod Kumar Singhania, e-filing of Income Tax Returns and Computation ofTax,
Taxmann Publication Pvt. Ltd, New Delhi. Latest version
2. Excel Utility available at incometaxindiaefiling.gov.in

Paper 3.3: HUMAN RESOURCE MANAGEMENT
Unit I: 13 Lectures
Human Resource Management: Concept and Functions, Role, Status and competencies of HR
Manager, HR Policies, Evolution of HRM. Emerging Challenges of Human Resource
Management; workforce diversity, empowerment, Downsizing; VRS; Human Resource
Information System;
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Unit II 13 Lectures
Acquisition of Human Resource: Human Resource Planning- Quantitative and Qualitative
dimensions; job analysis – job description and job specification; Recruitment – Concept and
sources; Selection – Concept and process; test and interview; placement induction.
Unit III 13 Lectures
Training and Development; Concept and Importance; Identifying Training and Development
Needs; Designing Training Programmes; Role Specific and Competency Based Training;
Evaluating Training Effectiveness; Training Process Outsourcing; Management Development;
Career Development.
Unit V13 Lectures
Performance appraisal; nature and objectives; Modern Techniques of performance appraisal;
potential appraisal and employee counseling; job changes - transfers and promotions.
Compensation: concept and policies; job evaluation; methods of wage payments and incentive
plans; fringe benefits; performance linked compensation.
Unit V 13 Lectures
Maintenance: employee health and safety; employee welfare; social security; Employer
Employee relations- an overview. grievance handling and redressal Industrial Disputes causes
and settlement machinery..
Suggested Readings:
1. Gary Dessler. A Framework for Human Resource Management. Pearson.

2. DeCenzo, D.A. and S.P. Robbins, “Personnel/Human Resource Management”, Prentice
Hall of India, New Delhi.
3. Bohlendar and Snell, Principles of Human Resource Management, Cengage Learning
4. Chhabra, T.N. Essentials of Human Resource Management. Sun India Publication New
Delhi.
5. Ivancevich, John M. Human Resource Management. McGraw Hill.
6. Wreather and Davis. Human Resource Management. Pearson Education.
7. Robert L. Mathis and John H. Jackson. Human Resource Management. Cengage
Learning.

Paper 3.4: MACRO ECONOMICS
Duration: 3 hrs. Marks: 100Lectures: 65
Objectives: The course aims at providing the student with knowledge of basic concepts ofthe
macro economics. The modern tools of macro-economic analysis are discussed and the policy
framework is elaborated, including the open economy.
Contents
Unit I 5 Lectures
Introduction – concepts and variables of macroeconomics, income, expenditure and the
circular flow, components of expenditure. Static macro economic analysis short and the
long run – determination of supply, determination of demand, and conditions of
equilibrium.
Unit II 20 Lectures
Economy in the short run – IS–LM framework, fiscal and monetary policy, determination of
aggregate demand, shifts in aggregate demand, aggregate supply in the short and long run,
and aggregate demand- aggregate supply analysis.
17
Unit III 20 Lectures

Inflation, causes of rising and falling inflation, inflation and interest rates, social costs of
inflation. Unemployment – natural rate of unemployment, frictional and wait
unemployment.The trade-off between inflation and unemployment
Unit IV 13 Lectures
Open economy – flows of goods and capital, saving and investment in a small and a large
open economy, exchange rates, Mundell – Fleming model with fixed and flexibleprices in a
small open economy with fixed and with flexible exchange rates, interest-rate differentials
case of a large economy.
Unit V 7 Lectures
Behavioral Foundations - Investment –determinants of business fixed investment, effect of
tax, determinants of residential investment and inventory investment. Demand for Money –
Portfolio and transactions theories of demand for real balances, interest and income
elasticity of demand for real balances, Supply of money.
Suggested Readings
1. Mankiw, N. Gregory. Principles Macroeconomics. Cengage Learning
2. Dornbusch, Rudiger, and Stanley. Fischer, Macroeconomics. McGraw-Hill.
3. Dornbusch, Rudiger., Stanley. Fischer and Richard Startz, Macroeconomics.
Irwin/McGraw-Hill.
4. Deepashree, Macro Economics, Scholar Tech. New Delhi.
5. Barro, Robert, J. Macroeconomics, MIT Press, Cambridge MA.
6. Burda, Michael, and Wyplosz. Macroeconomics A European Text. Oxford University
Press, Oxford.
7. Salvatore, Dominick. International Economics. John Wiley & Sons Singapore.
8. Branson, William H. Macroeconomic Theory and Policy. HarperCollins India Pvt. Ltd.

Paper 3.5: E-Commerce
Objectives: A student should become familiar with mechanism for conducting business
transactions through electronic means
Contents:(5 Lectures)
Unit I: Introduction: Meaning, nature, concepts, advantages and reasons for transacting online,
categories of E-Commerce, Supply Chain Management, Customer Relations Management
Unit 2: (5 Lectures)
Planning Online-Business: Nature and dynamics of the internet, pure online vs. brick and click
business; assessing requirement for an online business designing, developing and deploying the
system, one to one enterprise.
Unit 3 Technology for Online-Business: (5 Lectures)

Internet, IT Infrastructure, Middlewarecontents: Text and Integrating E-business applications.
18
Unit 4: Mechanism of making payment through internet: (5 Lectures)

Online-paymentmechanism; Electronic Payment systems; payment Gateways; Visitors to
website; tools for promoting websites; Plastic Money: Debit Card, Credit Card;
Unit 5: Applications in E-Commerce: (5 Lectures)

E-commerce applications in manufacturing, Wholesale, retail and service sector.
Unit 6: Security and Legal Aspects of E-Commerce: (5 Lectures)

Threats in E-Commerce,Security of Clients and Service-Provider; Cyber Law - Information
Technology Act 2000: An overview of major provisions
B.Com. (Hons.): Semester - IV

Paper 4.1: Goods and Services Tax (GST)
Duration of Exam. : 3 hrs. Marks: 100 Lectures: 60
Objectives: 1. To equip the students with the knowledge of Goods and Service Tax.
2. To make the B. Com students more knowledgeable in the field of GST
so that they can be self employed as tax consultants / practices.
Contents:
Unit 1: Introduction to GST: (10 Lectures)
Present Indirect Tax Structure, Problems of Indirect Taxes, Need for Introduction of GST, Definitions
of GST, Meaning of the term GST, Commodities to be kept outside the preview of GST, Other Indirect
Taxes Centring Post GST, Dual model of GST, (Central GST (CGST) and state GST (SGST), IGST
(Interstate goods and
service tax), Feature of IGST.
Unit 2: Extent and Definitions of GST: (10 Lectures)
Scope of GST (Section 1), Definitions (Section 2), Actionable claim, Address of Delivery, Address of
Records, Adjudicating Authority, Agent, Aggregate Turnover, Agriculture, Agriculturist, Appointed
day,Assessment.
Unit 3: Exemptions from GST: (10 Lectures)
Meaning of exemptions, Exempted Suppliers, Out of Scope of suppliers a)Unregistered business

b) Deemed business enterprises
c) Government Department other public sector bodies.
Categories of exemptions
1. Merit based exemptions / concessional exemptions
2. Technical exemptions
Immovable properties, Financial services
Unit 4: Registration process in GST: (15 Lectures)
Meaning of registration, Types of registration, Compulsory registration, Casual dealer non – resident
supplier, Registration process for new applicants,Compounding dealer, Black listing dealer, Surrender
of registration, Cancellation of Registration.
19
Unit 5: Supply of goods and services under GST: (15 Lectures)
Meaning of supply goods, Meaning of supply of services, Conditions for taxability of supply of goods
and services under GST, Place of supply of goods and service rules under GST, Principles of GST,
Places of supply rules for goods, (Supply of goods through electronic mode), Places of supply rules for
services (Electronically supplied service).
Suggested Readings:
1. Goods & Service Taxes : V.S.DATEY, Taxmann.

2. Glimpse of Goods and Service Tax, Sathpal Puliana, M. A. Maniyar, Karnataka Law Journal
Publications, Bangalore.
3. Goods and Service Tax by Pullani and Maniyar, published by Law Journal Bangalore.
4. www.gst.gov.in, ctax.kar.nic.in
5.Background Material on Model GST Law, Sahitya Bhawan Publications, Hospital Road, Agra - 282
003.

Paper 4.2: COST AND MANAGEMENT ACCOUNTING
Objective: To acquaint the students with basic concepts used in cost and management
accounting and various methods involved in cost ascertainment systems.
Contents:
Unit I:(6 Lectures)
Introduction: Meaning, objectives and advantages of cost accounting, Difference
between financial, cost, and management accounting and. Cost concepts andClassifications,
Role of a cost accountant in an organization
Unit II:
Elements of Cost (13 Lectures)
a. Materials: Material/inventory control- concept and techniques, Accounting and control
of purchases, storage and issue of materials. Methods of pricing of materials issues –
FIFO, LIFO, Simple Average, Weighted Average, Replacement, Standard, Treatment of
Material Losses.
b. Labour: Accounting and Control of labour cost, time keeping and time booking, concept
and treatment of idle time, over time, labour turnover and fringe benefits.
20
c. Overhead: Classification, allocation, apportionment and absorption of

overhead. Under- and over-absorption. Capacity costs. Treatments of certain
items in costing, like interest on capital, packing expenses, debts, research and
development
Expenses, Bad Activity – based cost allocation
Unit III:(13 Lectures)
Methods of Costing: Unit costing, Job costing. Contract Costing, Process
costing (process losses, valuation of work in progress, joint and by-products)
Service costing (only transport) and Reconciliation of cost and financial
accounts.
Unit IV:(10 Lectures)

Budgeting and budgetary control: Concept of budget and budgetary control,
objectives, merits, and limitations, Budget administration, Functional budgets,
Fixed and flexible budgets, Zero base budget, Cash Flow Statement ( AS 3)
Unit V:(10 Lectures)
Standard costing and variance analysis: Meaning of standard cost and standard
costing: advantages, limitations and applications, Variance analysis – material,
labour, overhead and sales variances
Unit VI:(13 Lectures)
Absorption versus variable costing: Distinctive features and income
determination. Cost-Volume-Profit Analysis: Break-even analysis-algebraic
and graphic methods. Contribution / sales ratio, key factor. Margin of safety.
Angle of incidence and techniques of marginal costing for makingdecisions –
fixation of selling price, exploring new market, make or buy, product mix,
operate or shut down, seller process further.
Suggested Reading:
1. Horngreen, Charles T., George Foster and Srikant M. Dattar. Cost Accounting:
AManagerial Emphasis. Prentice Hall of India Ltd., New Delhi.
2. Horngreen, Charles T., Gary L. Sundem. Introduction to Management
Accounting.
Prentice Hall.
3. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani
Publishers, Jalandhar.
4. Lal, Jawahar. Cost Accounting. Tata McGraw Hill Publishing Co., New Delhi.
5. Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice.
Prentice Hall of India, New Delhi.
6. Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing
House, New Delhi.
7. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems.
Shri Mahabir Book Depot, New Delhi.
8. Singh, S. K. and Gupta Lovleen. Management Accounting – Theory and
Practice. Pinnacle Publishing House.
9. Usry, Milton E. and Lawrence H. Hammer. Cost Accounting: Planning and
Control.
South Western Publishing Co.
10. Barfield, Jesset T., Cecily A. Raibarn and Michael R. Kinney. Cost
21
Accounting:Traditions and Innovations. Thomson Learning.

11. Lucey, T. Costing. ELST, London.
12. Garrison H., Ray and Eric W. Noreen. Managerial Accounting. McGraw Hill.
13. Drury, Colin. Management and Cost Accounting. Cengage Learning.
14. Lal, Jawahar. Advanced Management Accounting Text and Cases. S. Chand &
Co., New Delhi.
15. Khan, M.Y. and P.K. Jain. Management Accounting. Tata McGraw Hill,
Publishing Co., New Delhi.
16. Hansen, Managerial Accounting, Cengage Learning

Paper – 4.3: COMPUTER APPLICATIONS IN BUSINESS (PRACTICAL)
There shall be a practical examination of 100 Marks (Practical-80 Marks, Viva-10 Marks
and Work Book- 10 Marks) and duration of Examination shall be 3 Hrs.
Objectives: To provide computer skills and knowledge for commerce students and
toenhance the student’s understanding of usefulness of information technology tools
for business operations.
Unit 1. Word Processing 7 Lectures
Introduction to word Processing, Word processing concepts, Use of Templates,
Working with word document: (Opening an existing document/creating a new
document, Saving, Selecting text, Editing text, Finding and replacing text, Closing,
Formatting, Checking and correcting spellings)Bullets and numbering, Tabs,
Paragraph Formatting, Indent, Page Formatting, Header and footer, Mail Merge
including linking with Access Database, Tables: Formatting the table, Inserting filling
and formatting a tableCreating Documents in the areas: Mail Merge including linking
with AccessDatabase, Handling Tables, Inserting Pictures and Video
Unit 2. Preparing Presentations:6 Lectures
Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables,
Images,texts, Symbols, Media; Design; Transition; Animation; and Slideshow
Unit 3. Spreadsheet and its Business Applications16 Lectures

Spreadsheet concepts, Creating a work book, Saving a work book, Editing a
workbook, Inserting, deleting work sheets, Entering data in a cell, Formula Copying,
Moving data from selected cells, Handling operators in formula, Rearranging
Worksheet, Project involving multiple spreadsheets, Organizing Charts and graphs,
Printing worksheet.Generally used Spread sheet functions: Mathematical, Statistical,
Financial, Logical,Date and Time, Lookup and reference, Text functions.
Unit 4. Creating spreadsheet in the following areas: 16 Lectures

 Loan & Lease statement
 Ratio Analysis.
 Payroll statements
 Capital Budgeting
 Depreciation Accounting
 Graphical representation of data
22
 Frequency distribution and its statistical parameters

 Correlation and Regression
Unit 5. Database Management System 20 Lectures
Creating Data Tables, Editing a Database using Forms, Performing
queries,Generating ReportsCreating DBMS in the areas of Accounting,
Employees, Suppliers and Customer

Paper 4.4: INDIAN ECONOMY – PERFORMANCE AND POLICIES
Unit 1: Basic Issues in Economic Development: Concept and Measures of

Developmentand Underdevelopment; Human Development.
Unit 2: Basic Features of the Indian Economy at Independence: Composition
ofnational income and occupational structure, the agrarian scene and industrial
structure.
Unit 3: Policy Regimes:
a) The evolution of planning and import substituting industrialization.
b) Economic reform and liberalization.
Unit 4: Growth, Development and Structural Change:
a) The experience of Growth, Development and Structural Change in
different phases of growth and policy regimes across sectors and
regions.
b) The Institutional Framework: Patterns of assets ownership in agriculture
and industry; Policies for restructuring agrarian relations and for
regulating concentration of economic power;
c) Changes in policy perspectives on the role of institutional framework
after 1991.
d) Growth and Distribution; Unemployment and Poverty; Human
Development; Environmental concerns.
e) Demographic Constraints: Interaction between population change and
economic development.
Unit 5: Sectoral Trends and Issues:
a) Agriculture: Agrarian growth and performance in different phases of
policy regimes i.e. pre green revolution and the two phases of green
revolution; Factors influencing productivity and growth; the role of
technology and institutions; price policy, the public distribution system
and food security.
b) Industry and Services: Phases of Industrializations – the rate and pattern
of industrial growth across alternative policy regimes; Public sector – its
role, performance and reforms; The small scale sector; Role of Foreign
capital.
23
c) The Financial Sector: Structure, Performance and Reforms. Foreign

Trade and balance of Payments: Structural Changes and Performance of
India’s Foreign Trade and Balance of Payments; Trade Policy Debate;
Export policies and performance; Macro Economic Stabilization and
Structural Adjustment; India and the WTO.
Readings:
1. Mishra and Puri, Indian Economics, Himalaya Paublishing House
2. Gaurav Dutt and KPM Sundarum, Indian Economy, S. Chand & Company.
3. Deepashree, “Indian Economy, Performance and Polices”, Scholar Tech. New
Delhi
4. Bettleheim. Charles India Independent. Chapters 1, 2 and 3.
5. Bhagwati, J. and Desai, P. India: Planning for industrialization, OUP, Ch 2.
6. Patnaik, Prabhat. Some Indian Debates on Planning. T. J. Byres (ed.). The
Indian Economy: Major Debates since Independence, OUP.
7. Ahluwalia, Montek S. State-level Performance under Economic Reforms in
India in A. O. Krueger. (ed.). Economic Policy Reforms and the Indian
Economy, The University of Chicago Press.
8. Nagaraj, R. Indian Economy since 1980: Vitrious Growth or
Polarisation?
Economic and Political Weekly. pp. 2831-39.
9. Ray, S. K. Land Systems and its Reforms In India. Sections II & III, Indian
Journal of Agricultural Economics. Vol. 51. Nos. 1 & 2.
10. Visaria, Pravin. Demographic Aspects of Development: The Indian Experience.
Indian Journal of Social Sciences. Vol. 6. No. 3.
11. Dreze, Jean and Amartya Sen. Economic Development and Social Opportunity.
Ch. 2. OUP.
12. Vaidyanathan, A. India’s Agricultural Development Policy. Economic and
Political Weekly.
13. Sawant, S. D. and C. V. Achuthan. Agricultural Growth Across Crops and
Regions:Emerging Trends and Patterns. Economic and Political Weekly. Vol.
30 A2-A13.
14. Krishnaji, N. Agricultural Price Policy: A Survey with Reference to
IndianFoodgrain Economy. Economic and Political Weekly. Vol. 25. No. 26.
15. Chaudhuri, Sudip. Debates on Industrialisation. in T.J. Byres (ed.). The Indian
Economy: Major Debates since Independence, OUP.
16. Chandra, Nirmal K. Growth of Foreign Capital and its Importance in
IndianManufacturing. Economic and Political Weekly. Vol. 26. No. 11.
17. Khanna, Sushil. Financial Reforms and Industrial Sector in India. Economic
and Political Weekly. Vol. 34. No. 45.
18. Vaidyanathan, A. Poverty and Development Policy. Economic and Political
Weekly.
19. Deaton, A and Jean Dreze. Poverty and Inequality in India. Economic and
Political Weekly.
20. Planning Commission, Task Force on Employment Opportunities. Ch 1 and 2
21. Uma Kapila (ed), “Indian Economy since Independence”, Relevant articles.
22. Rangarajan, C. and N. Jadhav. Issues in Financial Sector Reform. Bimal Jalan.
(ed). The Indian Economy. Oxford University Press, New Delhi.
23. Chakravarty, Sukhamoy. Development Planning – The Indian Experience.
Oxford University Press, Delhi.
24

Paper 4.5: Entrepreneurship
Objective: The purpose of the paper is to orient the learner toward entrepreneurship
as acareer option and creative thinking and behavior for effectiveness at work and in
life.
Contents:
Unit 1. Meaning, elements, determinants and importance of entrepreneurship and

creativebehavior. Entrepreneurship and creative response to the society’ problems and
at work. Dimensions of entrepreneurship: intrapreneurship, technopreneurship,
cultural entrepreneurship, international entrepreneurship, netpreneurship,
ecopreneurship, and social entrepreneurship. (6 Lectures)
Unit 2. Entrepreneurship and Micro, Small and Medium Enterprises. Concept of

businessgroups and role of business houses and family business in India. . The
contemporary role models in Indian business: their values, business philosophy and
behavioral orientations. Conflict in family business and its resolution. (6 Lectures)
Unit 3. Public and private system of stimulation, support and sustainability

ofentrepreneurship. Requirement, availability and access to finance, marketing
assistance, technology, and industrial accommodation, Role of
industries/entrepreneur’s associations and self-help groups. The concept, role and
functions of business incubators, angel investors, venture capital and private equity
fund. (6 Lectures)
Unit 4. Sources of business ideas and tests of feasibility. Significance of writing

thebusiness plan/ project proposal. Contents of business plan/ project proposal.
Designing business processes, location, layout, operation, planning & control;
preparation of project report (various aspects of the project report such as size of
investment, nature of product, market potential may be covered). Project submission/
presentation and appraisal thereof by external agencies, such as financial/non-
financial institutions. (6 Lectures)
Unit 5. Mobilizing resources for start-up. Accommodation and utilities.

Preliminarycontracts with the vendors, suppliers, bankers, principal customers;
Contract management: Basic start-up problems (6 Lectures)
Suggested Readings:
Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage
25
1. Learning.
2. Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
Himalaya Publishing House.
3. Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.
4. Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New
Delhi.
5. Jain, Arun Kumar. Competitive Excellence: Critical Success Factors. New Delhi:
Viva Books Limited. ISBN-81-7649-272-8.
6. Panda, Shiba Charan. Entrepreneurship Development. New Delhi, Anmol
Publications. (Latest Editions)
7. Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New
Delhi: Prentice-Hall of India. ISBN-81-203-1690-8.
8. SIDBI Reports on Small Scale Industries Sector.
9. Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
ASEED.
10. SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.
B.Com. (Hons.): Semester - V

Paper 5.1: CORPORATE ACCOUNTING
Objectives: To help the students to acquire the conceptual knowledge of the

corporateaccounting and to learn the techniques of preparing the financial statements.
Contents
Unit 1. Accounting for Share Capital & Debentures15 Lectures

Issue, forfeiture and reissue of forfeited shares- concept & process of book building. Issue of
rights and bonus shares. Buy back of shares. Redemption of preference shares. Issue and
Redemption of Debentures
Unit 2Final Accounts15 Lectures

Preparation of profit and loss account and balance sheet of corporate entities,excluding
calculation of managerial remuneration. Disposal of company profits
Unit 3. Valuation of Goodwill and Valuation of Shares13Lectures

Concepts and calculation - simple problem only.
26
Unit 4Amalgamation of Companies12 Lectures

Concepts and accounting treatment as per Accounting Standard: 14 (ICAI)
(excluding intercompany holdings). Internalreconstruction: concepts
andAccounting treatment excluding scheme of reconstruction
Unit 510 Lectures
Meaning of liquidation, modes of winding up, consequences of winding up, statement
of affairs, liquidator’s final statement of account, list ‘B’ contributories
Suggested Readings:
1. Monga, J.R. Fudamentals of Corporate Accounting. Mayur Paper Backs, New

Delhi.
2. Shukla, M.C., T.S. Grewal, and S.C. Gupta. Advanced Accounts. Vol.-II. S. Chand
& Co., New Delhi.
3. Maheshwari, S.N. and S. K. Maheshwari. Corporate Accounting. Vikas Publishing
House, New Delhi.
4. Sehgal, Ashok and Deepak Sehgal. Corporate Accounting. Taxman Publication,
New Delhi.
5. Gupta, Nirmal. Corporate Accounting. Sahitya Bhawan, Agra.
6. Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New
Delhi.
7. Compendium of Statements and Standards of Accounting. The Institute of

Chartered Accountants of India, New Delhi.
8. Bhushan Kumar Goyal, Fundamentals of Corporate Accounting, International
Book House

Paper 5.2: PRINCIPLES OF MARKETING
Duration: 3 hrs. Marks: 100 Lectures:

65
Objective: The objective of this course is to provide basic knowledge of

concepts,principles, tools and techniques of marketing.
Contents:
Unit I
Introduction: Nature, scope and importance of marketing;
1. Evolution 6Lectures
of marketing concepts; Marketing mix, Marketing environment.
2. Consumer Behavior – An Overview: Consumer buying process; 5Lectures
Factors influencing consumer buying decisions.
Unit II
3. Market Selection: Market segmentation – concept, importance 6Lectures

27
and bases; Target market selection; Positioning concept, importance and

bases; Product differentiation vs. market segmentation.
4. Product: Meaning and importance. Product classifications;
Concept of product mix; Branding, packaging and labeling; 9Lectures
Product-Support; Product life-cycle; New Product Development.
Unit III
5. Pricing: Significance. Factors affecting price of a product. Pricing 6Lectures
Policies and strategies.
6. Promotion: Nature and importance of promotion; Communication 6Lectures
process; Types of promotion: advertising, personal selling, public
relations & sales promotion, and their distinctive characteristics;
Promotion mix and factors affecting promotion mix decisions;
Unit IV
7. Distribution: Channels of distribution - meaning and importance; 7Lectures
Types of distribution channels; Wholesaling and retailing; Factors
affecting choice of distribution channel; Physical Distribution.
8. Retailing: Types of retailing – store based and non-store based 6 Lectures
retailing, chain stores, specialty stores, supermarkets, retail vending
machines, mail order houses, retail cooperatives; Management
of retailing operations: an overview; Retailing in India:
changing scenario.
Unit V
9. Rural marketing: Growing Importance; Distinguishing 7 Lectures
characteristics of rural markets; Understanding rural consumers and
rural markets; Marketing mix planning for rural markets.
10. Recent developments in marketing: Social Marketing, online 7 Lectures
marketing, direct marketing, services marketing, green marketing,
Suggested Readings:
1. Kotler, Philip, Gary Armstrong, Prafulla Agnihotri and Ahsan Ul Haque.
Principlesof Marketing. 13thedition. Pearson Education.
2. Michael, J. Etzel, Bruce J. Walker, William J Staton and Ajay Pandit.
MarketingConcepts and Cases. (Special Indian Edition).
3. McCarthy, E. Jerome., and William D. Perreault. Basic Marketing. Richard D.
Irwin.
4. Lamb, Charles W., Joseph F. Hair, Dheeraj Sharma and Carl McDaniel.
Marketing:A South Asian Perspective. Cengage Learning.
5. Pride, William M., and D.C. Ferell. Marketing: Planning, Implementation
&Control. Cengage Learning.
6. Majaro, Simon. The Essence of Marketing. Prentice Hall, New Delhi.
7. Zikmund William G. and Michael D’Amico. Marketing; Creating and
KeepingCustomers in an E-Commerce World. Thomson Learning.
8. Chhabra, T.N., and S. K. Grover. Marketing Management. Fourth Edition.
28
Dhanpat Rai & Company.

9. The Consumer Protection Act 1986.
10. Iacobucci and Kapoor, Marketing Management: A South Asian Perspective.
Cengage Learning.

Paper 5.3 (a): Financial Markets, Institutions and Services
Objective: To provide the student a basic knowledge of financial markets and

institutionsand to familiarize them with major financial services in India.
Contents
Unit I:
An Introduction To Financial System, its Components – financial markets
andinstitutions. Financial intermediation. Flow of funds matrix. Financial system and
economic development. An overview of Indian financial system. (8 Lectures)
Unit II:
Financial Markets: Money market – functions, organization and instruments. Role
ofcentral bank in money market; Indian money market – An overview
Capital Markets – functions, organization and instruments. Indian debt market; Indian
equity market – primary and secondary markets; Role of stock exchanges in India
(17 Lectures)
Unit III:
Financial Institutions: Commercial banking – introduction, its role in project finance
andworking capital finance. Development Financial institutions (DFIs) – An overview
and role in Indian economy. Life and non-life insurance companies in India; Mutual
Funds – Introduction and their role in capital market development. Non-banking
financial companies (NBFCs). (20
Lectures)
Unit IV:
Overview of financial services industry: Merchant banking – pre and post issue
management, underwriting. Regulatory framework relating to merchant banking in
India
(8 Lectures)
Unit V:
Leasing and hire–purchase; Consumer and housing finance; Venture
capital finance;
Financia
Factoring services, bank guarantees and letter of credit; Credit rating; l
counseling. (22 Lectures)
29
Suggested Readings:
1. Bhole, L.M. Financial Markets and Institutions. Tata McGraw-Hill Publishing

Company.
2. Khan, M.Y. Indian Financial System – Theory and Practice. Vikas Publishing
House.
3. Dhanekar. Pricing of Securities. New Delhi: Bharat Publishing House.
4. Prasanna, Chandra. Financial Management: Theory and Practice. Tata
McGraw Hill Publishing Company Ltd., New Delhi.
5. Simha, S.L.N. Development Banking in India. Madras: Institute of Financial
Management and Research
6. Khan and Jain. Financial Services. 2nd ed. Tata McGraw Hill
7. Singh, J.K. Venture Capital Financing in India. Dhanpat Rai and Company,
New Delhi.
8. Annual Reports of Major Financial Institutions in India
Paper 5.3 (B): INDIAN BANKING AND INSURANCE SYSTEM
Objectives:
To enable the students to acquire knowledge about basics of banking and insurance
Unit – 1
Concept of Bank and Banking: Historical Evolution of Banking: Origin and

Development of Banking - Structure of Banking in India – Banks and Economic
Development –Functions of Commercial banks (conventional and innovative
functions) – Central Bank – RBI – functions – Emerging trends in Banking.
Unit – II
Types of Customers and Account holders: Procedure and practice in opening and
operating the accounts of customers - individuals including minors - joint account
holders -Partnership firms - joint stock companies - executors and trustees-clubs and
associations
Unit – III
Introduction to insurance: Purpose and need of insurance, insurance as a social

security tool - insurance and economic development - Principles of insurance -various
kinds of insurance - life, marine, fire, medical, general insurance - features.
30
Unit – IV
Life Insurance - Law relating to life Insurance; General Principles of Life Insurance
Contract; Proposal and policy; assignment and nomination; title and claims; General
Insurance - Law relating to general insurance; different types of general insurance;
general insurance Vs life insurance – Insurance business in India.
Unit-V
Fundamentals of Agency Law: Definition of an agent; Agents regulations; Insurance

intermediaries; Agents' compensation. Procedure for Becoming an Agent: Pre-
requisite for obtaining a license; Duration of license; Cancellation of license;
Revocation or suspension/termination of agent appointment; Code of conduct; Unfair
practices. Functions of the Agent: Proposal form and other forms for grant of cover;
Financial and medical underwriting; Material information; Nomination and
assignment; Procedure regarding settlement of policy claims.
Reference Books:
1. Sheldon H.P : Practice and Law of Banking.
2. Bedi. H.L : Theory and Practice of Banking.
3. Maheshwari. S.N. : Banking Law and Practice.
4. Shekar. K.C : Banking Theory Law and Practice.
5. Pannandikar & Mithami': Banking in India.
6. Radhaswamy & Vasudevan: Text Book of Banking.
7. Indian Institute of Bankers (Pub) Commercial Banking Vol-I/Vol-II (part I&II) Vol-
III.
8. Varshaney: Banking Law and Practice.
9. Dr. P. Periasamy: Principles and Practice of Insurance
10. Himalaya Publishing House, Delhi.
11. Inderjit Singh, Rakesh Katyal & Sanjay Arora: Insurance Principles and Practices
12. Kalyani Publishers, Chennai.
13.M.N. Mishra: Insurance Principles and Practice, S. Chand & Company Ltd, Delhi.
14. G. Krishnaswamy : Principles & Practice of Life Insurance
15. Kothari & Bahl : Principles and Pratices of Insurance.
Paper 5.3 (C): INDIAN FINANCIAL SYSTEM
Objectives:
To enable the students to understand the basic knowledge about the structure,
organization and working of financial system in India.
31
Unit I
Financial System: Meaning and Significance-Functions of the financial system -
Financial Assets- Financial markets- Classification-Financial instruments-weakness of
Indian Financial System.
Unit II
Money market: Definition-Features-Objectives-Features of a developed money
market- Importance of Money market-Composition of Money market-Operations and
Participants- Money market Instruments-features of Indian money market-Recent
developments.
Unit III
Primary, Secondary and Capital Markets: New issue market-meaning-functions-
methods floating new issue - intermediaries in the new issue market-merchants
bankers and their functions -Recent trends in new issue market - Stock Exchanges-
Functions-Structure of stock exchanges-BSE-NSE- listing of securities-Advantages of
listing-methods of trading in stock exchanges-on line trading-stock indices
Unit IV
Financial Institutions: commercial banks- development financial institutions-
Nonbanking financial corporation’s-Mutual Funds, insurance companies – Objectives
and functions (only a brief outline).
Unit -V
Regulatory Institutions: RBI – Role and Functions. The Securities and Exchange
Board of India-objectives-function-powers-SEBI guidelines for primary and
secondary market.
Reference Books:
1. Kohn, Meir: Financial Institutions and Markets, Tata McGraw Hill.
2. Bhole L.M: Financial Institutions and Markets, Tata McGraw Hill.
3. Desai, Vasantha: The Indian Financial System, Himalaya Publishing House.
4. Machiraju.R.H: Indian Financial System, Vikas Publishing House.
5. Khan M.Y: Indian Financial System, Tata McGraw Hill.
6. Varshney, P.N., & D K Mittal, D.K.: Indian Financial System, Sulthan Chand &
Sons
7. Gordon E. & Natarajan K.: Financial Markets & Services, Himalaya Publishing
House.
8. Pathak, V. Bharati: Indian Financial System, Pearson Education.
Paper 5.4 (A): FINANCIAL STATEMENT ANALYSIS AND REPORTING
Objectives:
To enable the students to understand the basic knowledge about the financial
statement analysis and reporting for economic decision making.
32
Unit 1
Introduction Concepts of financial statements – Nature of financial statements –

Objectives of financial statements – Different types of financial statements: income
statement, balance sheet, statement of retained earnings, fund flow statement, cash
flow statement, schedules – Limitations of financial statements.
Unit 2
Analysis & Interpretation of Financial Statements: Traditional Approaches Vs.

Modern Approaches to financial statement analysis – Classification of financial
statement analysis: based on modus operandi and based on materials used –
Techniques of financial statement analysis: Comparative Statements, Common-size
Statements, Trend Ratios and Ratio Analysis – Problems encountered in financial
statement analysis.
Unit 3
Ratio Analysis: Classification of ratios – Ratio formation – Ratio interpretation –

Practical methods of ratio analysis: Time Series (intra firm) Analysis, Cross Sectional
(inter firm) Analysis, Residual Analysis and Multivariate Analysis.
Unit 4
Multivariate Ratio Analysis: Concept, objectives, uses and limitations – Univariate

analysis Vs. Multivariate ratio analysis – Application of statistical tools in financial
statement analysis.
Unit 5
Corporate Reporting: Cash Flow statement Analysis (AS 3) and Statutory and Non
Statutory Reports, Integrated Reporting
Suggested Readings:
1. Foster, G.: Financial Statement Analysis, Englewood Cliffs, NJ, Prentice Hall.
2. Foulke, R.A.: Practical Financial Statement Analysis, New York, McGraw-Hill.
3. Hendriksen, E.S.: Accounting Theory, New Delhi, Khosla Publishing House.
4. Kaveri, V.S.: Financial Ratios as Predictors of Borrowers’ Health, New Delhi,

Sultan Chand.
5. Lev, B.: Financial Statement Analysis – A New Approach, Englewood Cliffs, NJ,
Prentice Hall.
6. Maheswari, S.N.: Management Accounting & Financial Control, New Delhi, Sultan
Chand.
33
7. Myer, J.N.: Financial Statement Analysis, NJ, Prentice Hall. 8. Porwal, L.S.:
Accounting Theory – An Introduction, New Delhi, Tata-McGraw-Hill
Paper 5.4 (B): MERCHANT BANKING AND FINANCIAL SERVICES
Objectives:
To enable the students to understand the basic knowledge about the financial services
available in India.
Unit 1
Merchant Banking: Nature and scope of Merchant Banking - Regulation of

Merchant Banking Activity - overview of current Indian Merchant Banking scene -
structure of Merchant Banking industry - primary Markets in India and Abroad - -
professional Ethics and code of conduct - current Development
Unit-II
Financial Services: Meaning and Definition, Role of Financial Services in a financial

system. Leasing: Meaning and features. Introduction to equipment leasing: Types of
Leases, Evolution of Indian Leasing Industry. Legal Aspects of Leasing: present
Legislative Framework. Hire purchase: concept and characteristics of Hire purchase.
Difference between hire purchase and leasing
Unit-III
Factoring: concept, nature and scope of Factoring - Forms of Factoring - Factoring

vis-à-vis Bills Discounting - Factoring vis-à-vis credit Insurance Factoring vis-à-vis
Forfeiting-Evaluation of a Factor - Evaluation of Factoring - Factoring in India current
Developments.
Unit- IV
Securitization / Mortgages: Meaning, nature and scope of securitization,

securitization as a Funding Mechanism, securitization of Residential Real Estate -
whole Loans - Mortgages -Graduated-payment. Depository: Meaning, Evolution,
Merits and Demerits of Depository. Process of Dematerialization and
Dematerialization. Brief description of NSDL and CDSL.
34
Unit-V
Security Brokerage: Meaning of Brokerage, types of brokers. Difference between

broker and jobber. SEBI Regulations relating to brokerage business in India.
1. M.Y.Khan, Financial Services, Tata McGraw-Hill, 11th Edition, 2008

2. 2. Nalini Prava Tripathy, Financial Services, PHI Learning, 2008
3. Machiraju, Indian Financial System, Vikas Publishing House, 2nd Edition,
2002.
4. J.C.Verma, A Manual of Merchant Banking, Bharath Publishing House, New
Delhi.
5. Varshney P.N. & Mittal D.K., Indian Financial System, Sultan Chand & Sons,
New Delhi.
6. Sasidharan, Financial Services and System, Tata Mcgraw Hill, New Delhi, 1st
Edition, 2008.
7. Website of SEBI
Paper 5.4 (C): FINANCIAL INSTITUTIONS AND SERVICES
Objectives:
To enable the students to understand the financial institutions operating in India and
services provided by them.
Unit-1.
Basic Theoretical Framework: The financial system and its technology; The factors
affecting the stability of the financial system; Development finance vs. universal
banking; Financial intermediaries and Financial Innovation; RBI-Central Banking.
Unit-2.
Financial Institutions: A brief historical perspective. An update on the performance

of IDBI, ICICI, IFCI and SFCs, LIC & GIC.The banking Institutions: Commercial
banks - the public and the private sectors - structure and comparative performance.
The problems of competition; interest rates, spreads, and NPAs. Bank capital -
adequacy norms and capital market support.
Unit-3.
Non-banking financial institutions : Evolution, control by RBI and SEBI. A

perspective on future role. Unit Trust of India and Mutual Funds. Reserve bank of
35
India Framework for/Regulation of Bank Credit . Commercial paper: Features and

advantages, Framework of Indian CP Market, effective cost/interest yield.
Unit-4.
Financial services: Asset/fund based Financial services - lease finance, consumer

credit and hire purchase finance, factoring definition, functions, advantages,
evaluation and forfeiting, bills discounting, housing finance, venture capital financing.
Fee-based / Advisory services: Stock broking, credit rating.
Unit-5.
Operations: Financial Assets/ Instruments Rights issues, issue of Debentures, issue of

Equity shares - pre-issue activity, post-issue activities. The regulatory framework:
SEBI and Regulation of Primary and Secondary Markets, Company Law provisions.
References
1. M.Y.Khan, Financial Services, Tata McGraw-Hill, New Delhi, 2004.

2. Harsh V.Verma, Marketing of Services, Global Business Press, 2002
3. Sames L .Heskett, Managing In the Service Economy, Harvard Business School
Press, Boston, 2001.
4. M.Y.Khan, Indian Financial System, 4/eTata Mc Graw-Hill, New Delhi, 2004
5. Frank.J.Fabozzi & Franco Modigliani, Foundations of Financial Markets and
Institutions, 3/e, Pearson Education Asia, 2002.
6. H.R Machiraju, Indian Financial Systems, Vikas Publishing House Pvt. Ltd.2002.
7. Meir Kohn, Financial Institutions and Markets, Tata McGraw-Hill, New Delhi,
2003.
8. Pathak: Indian Financial Systems Pearson Education
B.Com. (Hons.): Semester - VI
Paper 6.1: AUDITING AND CORPORATE GOVERNANCE
Objective: To provide knowledge of auditing principles, procedures and techniques

inaccordance with current legal requirements and professional standards.
Contents:
Unit I: (13Lectures)
Auditing: Introduction, Meaning, Objects, Basic Principles and Techniques;
Classification
Audit;
of Audit, Audit Planning, Internal Control – Internal Check and Internal Audit
Procedure – Vouching and verification of Assets & Liabilities.
Unit II: (13Lectures)

Audit of Limited Companies: Company Auditor- Qualifications and
disqualifications, Appointment, Rotation, Removal, Remuneration, Rights and Duties
36
Auditor’s Report-Contents and Types. Liabilities of Statutory Auditors under the

Companies Act 2013
Unit III: (13 Lectures)

Special Areas of Audit: Special features of Cost audit, Tax audit, and
Management audit; Recent Trends in Auditing: Basic considerations of audit in
EDP Environment; Standard on Auditing(SA); Relevant Case Studies/Problems;
Unit IV: Corporate Governance: Conceptual framework of Corporate

Governance,Corporate Governance Reforms. Major Corporate Scandals in India and
Abroad: Common Governance Problems Noticed in various Corporate Failures.
Codes & Standards on
Corporate Governance. (13 Lectures)
Unit V: Corporate Social Responsibility (CSR): Strategic Planning and Corporate

SocialResponsibility; Corporate Philanthropy, Meaning of CSR, CSR and CR, CSR
and Corporate Sustainability, CSR and Business Ethics, CSR and Corporate
Governance, Environmental Aspect of CSR, CSR provision under the Companies Act
2013, CSR Committees (13 Lectures)
Suggested Readings:
1. Gupta, Kamal and Ashok Arora. Fundamentals of Auditing. Tata Mc-Graw

Hill Publishing Co. Ltd., New Delhi.
2. Jha, Aruna. Auditing. Taxmann.
3. Tandon, B. N., S. Sudharsanam and S. Sundharabahu. A Handbook of
PracticalAuditing. S. Chand and Co. Ltd., New Delhi.
4. Ghatalia, S.V. Practical Auditing. Allied Publishers Private Ltd., New Delhi.
5. Singh, A. K. and Gupta Lovleen. Auditing Theory and Practice. Galgotia
Publishing Company.
6. Alvin Arens and James Loebbecke, Auditing: an Integrated Approach
7. Ravinder Kumar and Virender Sharma, Auditing Principles and Practice, PHI
Learning Christine A Mallin, Corporate Governance (Indian Edition), Oxford
University Press, New Delhi.
8. Bob Tricker, Corporate Governance-Principles, Policies, and Practice (Indian
Edition), Oxford University Press, New Delhi.
9. The Companies Act 2013 (Relevant Sections)
10. MC Kuchhal Corporate Laws, Shri Mahaveer Book Depot. (Publishers).
(Relevant Chapters)
11. Relevant Publications of ICAI on Auditing (CARO).
B. Com.: Semester VI
Paper 6.2: FUNDAMENTALS OF FINANCIAL MANAGEMENT
Objective: To familiarize the students with the principles and practices of financial
management.
37
CONTENTS
Unit I:
Introduction to Financial Management: Scope and objective, Time value of money, Risk and
1. return, Valuation of securities – Bonds and
Equities. (8 Lectures)
Unit II:
2. Long Term Investment Decisions: The Capital Budgeting Process, Cash flow Estimation,
Payback Period Method, Accounting Rate of Return, Net Present Value (NPV), Net Terminal
Value, Internal Rate of Return (IRR), Profitability Index (17 Lectures)
Unit III:
3. Financing Decisions: Sources of long-term financing Estimation of components of cost of
capital. Methods for Calculating cost of equity capital, Cost of Retained Earnings, Cost of Debt
and Cost of Preference Capital, Weighted Average cost of capital (WACC) and Marginal cost of
capital. Capital structure –Theories of Capital Structure (Net Income, Net Operating Income,
MM Hypothesis, Traditional Approach). Operating and financial leverage. Determinants of
capital structure. (17 Lectures)
Unit IV:
4. Dividend Decisions: Theories for Relevance and irrelevance of dividend decision for corporate
valuation. Cash and stock dividends. Dividend policies in practice. (10 Lectures)
Unit V:
5. Working Capital Decisions: Concepts of working capital, the risk-return trade off, sources of
short-term finance, working capital estimation, cash management, receivables management,
inventory management and payables management. (13 Lectures)
Suggested Readings
1. Horne, J.C. Van and Wackowich. Fundamentals of Financial Management. 9th ed. New Delhi
Prentice Hall of India.
2. Johnson, R.W. Financial Management. Boston Allyn and Bacon.
3. Joy, O.M. Introduction to Financial Management. Homewood: Irwin.
4. Khan and Jain. Financial Management text and problems. 2nd ed. Tata Mc Graw Hill New Delhi.
5. Pandey, I.M. Financial Management. Vikas Publications.
6. Chandra, P. Financial Management- Theory and Practice. (Tata Mc Graw Hill).
7. Rustagi, R.P. Fundamentals of Financial Management. Taxmann Publication Pvt. Ltd.
8. Singh, J.K. Financial Management- text and Problems. 2nd Ed. Dhanpat Rai and Company,
Delhi.
9. Singh, Surender and Kaur, Rajeev. Fundamentals of Financial Management. Book Bank
International.
10. Brigham and Houston, Fundamentals of Financial Management, 13th Ed., Cengage Learning
38

Paper 6.3: BUSINESS RESEARCH METHODS AND PROJECT WORK
Objective: This course aims at providing the general understanding of business research and the
methods of business research. The course will impart learning about how to collect, analyze, present
and interpret data.
Section A: Business Research Methods 50 Marks

Unit I: 10 Lectures
Introduction: Meaning of research; Scope of Business Research; Purpose of Research –
Exploration, Description, Explanation; Unit of Analysis – Individual, Organization, Groups, and
Data Series; Conception, Construct, Attributes, Variables, and Hypotheses
Unit II: 10 Lectures
Research Process: An Overview; Problem Identification and Definition; Selection of Basic
Research Methods- Field Study, Laboratory Study, Survey Method, Observational Method,
Existing Data Based Research, Longitudinal Studies, Panel Studies
Unit III: 19 Lectures
Measurement: Definition; Designing and writing items; Uni-dimensional and Multi-dimensional
scales; Measurement Scales- Nominal, Ordinal, Interval, Ratio; Ratings and Ranking Scale,
Thurstone, Likert and Semantic Differential scaling, Paired Comparison; Sampling –Steps,
Types, Sample Size Decision; Secondary data sources
Hypothesis Testing: Tests concerning means and proportions; ANOVA, Chi-square test and other
Non-parametric tests Testing the assumptions of Classical Normal Linear Regression
Section B – Project Report Marks 50
Unit IV: 26 Lectures
Report Preparation: Meaning, types and layout of research report; Steps in report writing;
Citations, Bibliography and Annexure in report; JEL Classification
Note:
1. There shall be a written examination of 50% Marks on the basis of Unit I to III.
2. The student will write a project report under the supervision of a faculty member assigned by the
college/institution based on field work. The Project Report carries 50% Marks and will be
evaluated by University appointed examiners.

Paper 6.4 (A): CORPORATE TAX PLANNING
Objective: To provide Basic knowledge of corporate tax planning and its impact on decision-making.
Unit Contents Number of

lectures
Unit I Tax planning, tax management, tax evasion, tax avoidance. 9
Corporate tax in India
Types of companies
Residential status of companies and tax incidence
39
Tax liability and minimum alternate tax

Tax on distributed profits
Unit II Tax planning with reference to setting up of a new business: 12
Locational aspect, nature of business, form of organisation.
Tax planning with reference to financial management
decision -
Capital structure, dividend including deemed dividend
and
bonus shares
Tax planning with reference to sale of scientific research
assets
Tax planning with reference to specific management
Unit III decisions - 15
Make or buy; own or lease; repair or replace
Tax planning with reference to employees’ remuneration
Tax planning with reference to receipt of insurance
compensation
Tax planning with reference to distribution of assets at the
time
of liquidation
Unit IV Special provisions relating to non-residents 12
Double taxation relief
Provisions regulating transfer pricing
Advance rulings
Advance pricing agreement
Unit V Tax planning with reference to business restructuring
- Amalgamation 17
- Demerger
- Slump sale
- Conversion of sole proprietary concern/partnership firm into
company
- Conversion of company into LLP
- Transfer of assets between holding and subsidiary
companies
Suggested Readings:
1. Singhania, Vinod K. and Monica Singhania. Corporate Tax Planning. Taxmann Publications
Pvt. Ltd., New Delhi.
2. Ahuja, Girish. and Ravi Gupta. Corporate Tax Planning and Management. Bharat Law House,
Delhi.
3. Acharya, Shuklendra and M.G. Gurha. Tax Planning under Direct Taxes. Modern Law
Publication, Allahabad.
4. Mittal, D.P. Law of Transfer Pricing. Taxmann Publications Pvt. Ltd., New Delhi.
5. IAS – 12 and AS – 22.
6. T.P. Ghosh. IFRSs. Taxmann Publications Pvt. Ltd. New Delhi.
Journals
1. Income Tax Reports, Company Law Institute of India Pvt. Ltd., Chennai.
2. Taxman, Taxman Allied Services Pvt. Ltd., New Delhi.
3. Current Tax Reporter,Current Tax Reporter, Jodhpur
40

Paper 6.4 (B): FUNDAMENTALS OF INVESTMENT
Objective: To familiarize the students with different investment alternatives,

introducethem to the framework of their analysis and valuation and highlight the role
of investor protection.
Contents
Unit-I: (10 Lectures)
The Investment Environment - The investment decision process, Types of
Investments –Commodities, Real Estate and Financial Assets, the Indian securities
market, the market participants and trading of securities, security market indices,
sources of financial information, Concept of return and risk, Impact of Taxes and
Inflation on return.
Unit-II: (15 Lectures)

Fixed Income Securities - Bond features, types of bonds, estimating bond yields,
BondValuation types of bond risks, default risk and credit rating.
Unit-III: (15 Lectures)

Approaches to Equity Analysis: Introductions to Fundamental Analysis,
TechnicalAnalysis and Efficient Market Hypothesis, dividend capitalization models,
and price-earnings multiple approach to equity valuation.
Unit-IV: (15 Lectures)

Portfolio Analysis and Financial Derivatives: (a) Portfolio and Diversification,
PortfolioRisk and Return. (b) Mutual Funds. (c) Introduction to Financial Derivatives,
Financial Derivatives Markets in India.
Unit-V: (10 Lectures)

Investor Protection – Role of SEBI and stock exchanges in investor protection;
Investorgrievances and their redressal system, insider trading, investors’ awareness
and activism.
Suggested Readings
1. Jones, C.P., “Investments Analysis and Management”, Wiley, 8th ed.
2. Prasanna, Chandra., “Investment Analysis and Portfolio Management”, Tata
McGraw Hill.
3. Rustogi, R.P., Fundamentals of Investment, Sultan Chand & Sons, New Delhi.
4. Vohra, N.D., and B.R. Bagri, “Futures and Options”, McGraw Hill Publishing
5. Mayo, An Introduction to Investment, Cengage Learning.
41

Paper 6.4 (C): FINANCIAL MARKET OPERATIONS
Objective:
This course aims at acquainting the students with the working of Financial Markets in India.
Unit I
An overview of financial markets in India: Money Markets: Indian money markets

composition and structure; (a) Acceptance houses, (b) Discount houses, and (c) Call money
markets; Recent trends in India money markets.
Unit II
Capital Market: Security market – (a) New issue market. (b) Secondary market: Functions and
role of stock exchange: listing procedure and legal requirements: Public Issue – pricing and
marketing: Stock exchanges – National Stock Exchange and over-the-counter exchanges.
Unit III
Securities Contract and Regulations Act: Main provisions. Investors Protections: Grievances
concerning stock exchange dealing and their removal: Grievances cells in stock exchanges:
SEBI: Company Law Board: Press: Remedy through courts.
Unit IV
Functionaries on Stock Exchanges: Brokers, Sub brokers, market makers, jobbers, and NRIS.
Unit V
Financial Services: Concept, functions, and types. Financial Services: Meaning and Definition,
Role of Financial Services in a financial system. Leasing: Meaning and features. Introduction
to equipment leasing: Types of Leases, Evolution of Indian Leasing Industry. Legal Aspects of
Leasing: present Legislative Framework. Hire purchase: concept and characteristics of Hire
purchase. Difference between hire purchase and leasing. SEBI guidelines: Credit rating.
Suggested Readings:
1. Chandler M. V. and Goldfeld S. M: Economics of Money and Banking: Harper and Row, New
York.
2. Gupta Suraj B: Monetary Economics: S. Chand and Co., New Delhi
3. Gupta Suraj B: Monetary Planning in India: Oxford, Delhi.
4. Bhole I. M.: financial Markets and Instutionals: Tata McGraw Hill, New Delhi.
42

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1

SCIENCE COLLEGE (AUTONOMOUS)

HINJILICUT, GANJAM, ODISHA

Choice Based Credit System (CBCS)

Science College (Autonomous)

SCIENCE COLLEGE (AUTONOMOUS),HINJILICUT

B. Banking and Insurance Indian Banking and Insurance

Grand Total 140

B.Com. (Hons.): Semester - I

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit 1. (a) Theoretical Framework 5 Lectures

(b) Accounting Process 05 Lectures

Unit 2. Business Income 07Lectures

ii. Inventory Accounting: Meaning. Significance of inventory valuation. Inventory Record

Unit 3. Final Accounts 12 Lectures

Unit 4. Accounting for Hire Purchase, Branch and Lease 20 Lectures

B.Com. (Hons.): Semester - I

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit III: The Sale of Goods Act, 1930 13 Lectures

Unit IV: Partnership Laws 13 Lectures

Unit V: The Negotiable Instruments Act 1881 13 Lectures

a) Meaning and Characteristics of Negotiable Instruments : Promissory Note, Bill of

B.Com. (Hons.): Semester - I

Paper – 1.4: MICRO ECONOMICS

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit I: Demand and Consumer Behaviour 13 lectures

Unit II: Production and Cost 13 lectures

Unit III: Perfect Competition 13 lectures

Unit IV: Monopoly 13 lectures

Unit V: Imperfect Competition 13 lectures

B.Com. (Hons.): Semester - II

Duration: 3 hrs. Marks: 50 Lectures: 30

Unit I: Nature of Communication, Process of Communication, Types of Communication

Unit 5: Oral Presentation Importance, Characteristics, Presentation Plan, Power

B.Com. (Hons.): Semester - II

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit II Business Enterprises Lectures: 13

Unit III Management and Organisation Lectures: 13

Unit IV: Leadership, Motivation and Control Lectures: 13

Unit IV: Functional Areas of Management Lectures: 13

a) Kaul, V.K., Business Organisation and Management, Pearson Education, NewDelhi

B.Com. (Hons.): Semester - II

Duration: 3 hrs. Marks: 100 Lectures: 65

UNIT I Introduction 15 Lectures

UNIT II Documents 15 Lectures

UNIT III Management 15 Lectures

UNIT IV Dividends, Accounts, Audit– 15 Lectures

UNIT V Depositories Law: 5 Lectures

1. MC Kuchhal Corporate Laws, Shri Mahaveer Book Depot. (Publishers).

B.Com. (Hons.): Semester - II

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit 1Statistical Data and Descriptive Statistics Lectures: 15

Probability and Probability Distributions

Theory of Probability. Approaches to the calculation of probability Calculation of event

Unit 3Simple Correlation and Regression Analysis Lectures: 10

Unit 4Index Numbers Lectures: 10

Unit 5Time Series Analysis Lectures: 10

B.Com. (Hons.): Semester - III