B.Com (Hons.) Syllabus

Course Objectives

• To provide comprehensive treatment of accounting principles, techniques and practices.
• To get the students acquainted with fundamental concepts and processes of accounting so that they are able to appreciate the nature of item presented in the annual accounts of an organization.

Course Content

1. Unit I

   Definition of Accounting, Accounting - Principles, Concepts and Conventions, Journal, Cash Book, Subsidiary Books and Ledger, Capital Expenditure and Revenue Expenditure.

2. Unit II

   Trial Balance, Rectification of Errors, Final Accounts, Provisions and Reserves, Methods of Depreciation – Fixed Installment Method and Diminishing Balance Method.

3. Unit III

   Bills of Exchange and Bank Reconciliation Statement.

4. Unit IV

   Concept of Partnership, Partnership Deed, Fixed and Fluctuating Capital Accounts, Valuation of Goodwill, Profit Sharing Ratio. Admission of Partners: Revaluation of Assets and Liabilities, Preparation of Profit and Loss Adjustment Account and Balance Sheet.

5. Unit V

   Retirement and Death of Partners: Revaluation of Assets and Liabilities, Settlement of Accounts, Joint Life Policy and Annuities. Dissolution of Firm, Preparation of Realization Account, Insolvency of Partner(s).

Suggested Readings

• Maheshwari S.N. & Maheshwari S.K. – A Text Book of Accounting for Management (Vikas, 10th Edition)
• Bhattacharya – Essentials of Financial Accounting (based on IFRS) (PHI, 3rd Ed.)
• Ramachandran Kakani – Financial Accounting for Management (TMH, 3rd Edition)

Course Objectives

• The purpose of this course is to expose the student to the basic concepts of management in order to aid the student in understanding how an organization functions, and in understanding the complexity and wide variety of issues managers face in today’s business firms.

Course Content

1. Unit I

   Introduction: Concept, Nature, Functions and Significance of Management. Levels of Management. Henry Mintzberg’s Management Roles. Contributions of F.W. Taylor and Henri Fayol to Modern Management Thoughts. Conceptual Framework of Planning, Decision-making and Management by Objectives.

2. Unit II

   Organising: Concept, Process and Significance of Organisation. Types of Organisation Structure. Delegation of Authority. Centralisation and Decentralisation of Authority. Span of Management. Role of Positive Thinking in Organisations.

3. Unit III

   Staffing: Concept, Scope and Process of Staffing. Recruitment – Meaning and Sources. Selection – Process of Selection. Types of Interviews and Essentials of Successful Interview. Training – Concept, Significance and Methods.

4. Unit IV

   Directing and Coordination: Meaning, Elements and Significance of Directing. Principles of Directing. Leadership: Concept, Significance and Types of Leaders. Style of Leadership. Coordination – Concept and Techniques. Communication – Concept, Process and Barriers to Communication.

5. Unit V

   Motivation and Control: Concept and Significance of Motivation. Types of Incentives. Theories of Motivation – Abraham Maslow, Fredric Herzberg, Douglas McGregor and William Ouchi only. Controlling – Concept, Process and Techniques of Controlling. Significance of Self-Control. A Conceptual Framework of Morale.

Suggested Readings

• L. M. Prasad – Principles and Practices of Management, Sultan Chand & Sons, 7th Edition, 2007
• Koontz Harold & Weihrich Heinz – Essentials of Management (Tata McGraw Hill, 5th Edition, 2008)

Course Objectives

• The basic objective of the course is to develop understanding and provide knowledge about business environment to the management students.
• To promote basic understanding on the concepts of Business Environment and to enable them to realize the impact of environment on Business.

Course Content

1. Unit I

   Introduction: Concepts, Components and Significance of Business Environment.

2. Unit II

   Economic Environment: Components of Economic Environment, Economic Systems, A Brief Profile of Indian Financial System, Economic Planning, Monetary and Fiscal Policy, Regional Imbalance, Privatization, Devaluation, Trade Agreements – Bilateral and Multilateral Agreement.

3. Unit III

   Industrial Environment: Role of Government in Business, Role of Public Sector, Private Sector, Joint Sector and Co-operative Sector in India, Pattern of Industrial Development in India.

4. Unit IV

   Socio-Cultural Environment: Nature of Indian Society and Ethos, Social Interest, Social and Cultural Factors, Business Ethics, Business and Culture, Social Responsibility of Business.

5. Unit V

   International Environment: Concept and Rationale of Globalization of Indian Business, Foreign Direct Investment, Important Provisions of FEMA, Multinationals and Indian Business. International Economic Institutions – GATT, WTO, IMF, World Bank, SAARC etc.

Suggested Readings

• Paul – Business Environment: Text and Cases, McGraw Hill Education, 3rd Ed.
• Francis Cherunilam – Business Environment, Himalaya Publishing House
• V. Neelamegam – Business Environment (Vrinda Publications, 2nd Edition)

Course Objectives

• To provide the basic knowledge of mathematical application in the business organization.

Course Content

1. Unit I: Matrices and Determinants

   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 Cramer’s Rule. The Leontief Input Output Model (Open Model Only).

2. Unit II: Mathematics of Finance

   Rates of interest – nominal, effective – and their inter-relationships in different compounding situations, 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. Valuation of simple loans and debentures. Sinking Fund. (General annuities to be excluded)

3. Unit III

   Permutation and Combination: Meaning of Permutation and Combination; Fundamental Theorems of Permutation – Multiplication and Addition; Factorial Notation; Calculation of number of permutations and combinations of ‘n’ different things taking ‘r’ at a time; Miscellaneous Problems of Permutation and Combinations.

4. Unit IV

   Binomial Theorem: Meaning and its Expansion; Special Features of Expansion; Finding the Particular term, Middle term, Independent Term and Coefficient of a particular term for Positive Integral Index.

5. Unit V

   Calculus: Function; Limits; Differential Coefficient; Sum; Difference; Product; Quotient; Function of function and Integration (Excluding Trigonometrical and Hyperbolic Functions).

Suggested Readings

• Tuttle, Michael D. (2008) – Practical Business Math: An Applications Approach, 8th Edition, Prentice Hall
• Trivedi (2010) – Business Mathematics, 1st Edition, Pearson Education

Course Objectives

• To develop theoretical understanding among students about the structure and organization of a business enterprise.
• The course will also make them capable of realizing the competitiveness for firms.

Course Content

1. Unit I

   Foundation of Indian Business: Spectrum of Business Activities, Manufacturing and Service Sectors. India’s experience of globalization, and privatization, Multinational corporations and Indian transnationals.

2. Unit II

   Entrepreneurial opportunities in contemporary business environment: Network marketing, Franchising, Business Process Outsourcing, E-commerce and M-Commerce. Process of setting up a business enterprise. Opportunity and idea generation – role of creativity and innovation. Feasibility study and preparation of business plan.

3. Unit III

   Forms: (a) Forms of business including LLP, small venture enterprise and one person company, Choice of suitable form of business ownership. (b) Operations: business size and location decisions. Layout: mass production and mass customization, productivity, quality and logistics. (c) Functional aspects of business: Conceptual framework of functional areas of management: Finance; Marketing and Human Resources.

4. Unit IV

   Development of Management Thought: Classical, Neo-classical, Systems, Contingency and Contemporary Approach to Management – Drucker, Porter, Senge, Prahalad, Hammer, and Tom Peters.

5. Unit V

   Sources of Business Finance: Sources of Long Term, Medium Term and Short Term Business Finance. Stock Exchanges – Meaning, Functions of Stock Exchanges, Produce Exchange – Meaning and Functions.

Suggested Readings

• Jagdish Prakash – Business Organization
• B. Jha – Business Organization
• Gupta C.B. – Business Organization & Management, Mayur Paperbacks (2011)
• R.N. Gupta – Business Organization and Management, Taxmann Publication

Course Objectives

• To understand the application of bank reconciliation, share, debentures and understand the final account of a company.

Course Content

1. Unit I

   Royalty Accounts: Mining, Patent and Copyright Royalties.

2. Unit II

   Branch Accounts: Accounting in the books of Head Office – Branch Nominal Account Method and Final Account Method; Dependent, Independent and Foreign Branches.

3. Unit III

   Departmental Accounts: Apportionment of Indirect Expenses; Trading and Profit & Loss Account; Inter-departmental Transfers.

4. Unit IV

   Human Resource Accounting: Meaning and Objectives, Methods and Models of Human Resource Accounting, HR Accounting Practices in India, Inflation Accounting.

5. Unit V

   Accounting for Hire Purchase and Installment System: Journal Entries and Ledger Accounts in the Books of Vendor and Purchaser.

Suggested Readings

• Bhattacharyya, Asish K. (2010) – Essentials of Financial Accounting, Prentice Hall of India
• Maheshwari, S.N. and Maheshwari, S.K. (2009) – An Introduction to Accountancy, Eighth Edition, Vikas Publishing House

Course Objectives

• To understand the concept of entrepreneurship, how to promote/finance the new venture and how to manage the growth.

Course Content

1. Unit I

   Introduction: Concept of Entrepreneur. Concept of Entrepreneurship. Function of Entrepreneurs. Types of Entrepreneurs. Economic System and Entrepreneurship. Government as an Entrepreneur. Theories of Entrepreneurship. Role and Importance of Entrepreneurship in Economic Development.

2. Unit II

   Entrepreneurial Behavior Domain: Behavioral Characteristics of Entrepreneurs. Entrepreneurs Born or Developed. Change, Innovation and Entrepreneurial Behavior. Entrepreneur Vs Manager. Entrepreneur Vs Entrepreneur. Ethics and Social Responsibility of Entrepreneur.

3. Unit III

   New Venture Promotion: Business and Types of Business Activities. Identifying and Developing New Business Idea – Sources of Idea, Idea Generating Techniques and Idea Screening. Entrepreneurial Decision Process. Developing a Business Plan.

4. Unit IV

   Financing the New Venture: Financial Planning. Determining the Size of Capital Investment. Financial Needs and Sources of Finance – Short Term, Medium Term and Long Term. Raising of Capital for Corporate Unit. Venture Capital.

5. Unit V

   Managing Growth and Expansion: Entrepreneur’s Dilemma to Grow or Not to Grow. Change and the Why of Growth. Identifying Growth Possibility. Growth Options – Capacity Enhancement and Expansion, Alliances and Cooperation, and Mergers and Acquisition.

Suggested Readings

• Lall & Sahai – Entrepreneurship (Excel Books, 2nd Edition)
• Couger, C. – Creativity and Innovation (IPP, 1999)
• Kakkar D.N. – Entrepreneurship Development (Wiley Dreamtech)
• A.K. Rai – Entrepreneurship Development (Vikas Publishing)
• Sehgal & Chaturvedi – Entrepreneurship Development (UDH Publishing, 2013 Edition)
• R.V. Badi & N.V. Badi – Entrepreneurship (Vrinda Publications, 2nd Edition)
• Holt – Entrepreneurship: New Venture Creation (Prentice-Hall, 1998)
• Barringer M.J. – Entrepreneurship (Prentice-Hall, 1999)
• Nina Jacob – Creativity in Organisations (Wheeler, 1998)
• B.K. Singh – Entrepreneurship Theory & Principles

Course Objectives

• To compute and understand the measures of central tendency, symmetrical and asymmetrical distribution, patterns.

Course Content

1. Unit I

   Descriptive Statistics: Scope, functions and limitations of statistics, Measures of Central tendency – Mean, Median, Mode, Percentiles, Quartiles, Measures of Dispersion – Range, Interquartile range, Mean deviation, Mean Absolute deviation, Standard deviation, Variance, Coefficient of Variation. Measures of shape and relative location; Skewness and Kurtosis.

2. Unit II

   Time Series & Index Number: Time series analysis: Concept, Additive and Multiplicative models, Components of time series, Trend analysis: Least Square method – Linear and Non-Linear equations, Applications in business decision-making. Index Numbers: Meaning, Types of index numbers, uses of index numbers, Construction of Price, Quantity and Volume indices: Fixed base and Chain base methods.

3. Unit III

   Correlation & Regression Analysis: Correlation Analysis – Rank Method & Karl Pearson's Coefficient of Correlation and Properties of Correlation. Regression Analysis: Fitting of a Regression Line and Interpretation of Results, Properties of Regression Coefficients and Relationship between Regression and Correlation.

4. Unit IV

   Probability Theory & Distribution: Probability: Theory of Probability, Addition and Multiplication Law, Bayes’ Theorem. Probability Theoretical Distributions: Concept and application of Binomial, Poisson and Normal distributions.

5. Unit V: Sampling Concepts, Sampling Distributions and Estimation

   Populations and samples, Parameters and Statistics, Descriptive and inferential statistics. Sampling methods including Simple Random sampling, Stratified sampling, Systematic sampling, Judgement sampling and Convenience sampling.

   Concept of Sampling distributions and Theory of Estimation: Point and Interval estimation of means (large samples) and proportions.

Suggested Readings

• Chandrasekaran & Umaparvathi – Statistics for Managers, 1st Edition, PHI Learning
• G.C. Beri – Business Statistics, 3rd Ed., Tata McGraw Hill
• S.C. Gupta – Fundamentals of Statistics, Himalaya Publishing
• Walpole – Probability and Statistics for Scientists and Engineers, 8th Ed., Pearson

Course Objectives

• The present course aims at familiarizing the participants with various legal aspects of business.
• It aims at providing a rich fund of contemporary knowledge, time tested principles, basic concepts, emerging ideas, evolving theories, latest technique, ever changing procedures & practices in the field of Law in a comprehensive way.

Course Content

1. Unit I: The Indian Contract Act, 1872

   The Indian Contract Act, 1872: Nature of contract, classification; Offer and acceptance; Capacity of parties to contract; Free consent; Consideration, legality of object; agreement declared void; Performance of contract; Discharge of contract; Remedies for breach of contract.

2. Unit II: Special Contracts

   Special contract: Indemnity; Guarantee; Bailment and pledge.

3. Unit III: Limited Liability Partnership Act – 2008

   Limited Liability Partnership Act – 2008.

4. Unit IV: The Sale of Goods Act, 1930

   Formation of contracts of sale; Goods and their classification, Price; Conditions and warranties; Transfer of property in goods; Performance of the contract of sale; Unpaid seller and his rights, Sale by auction; Hire purchase agreement.

5. Unit V: Consumer Protection Act, 1986

   The Consumer Protection Act, 1986: Salient features, definition of consumer; Grievance redressal machinery.

Suggested Readings

• Kuchhal M.C. – Business Law (Vikas Publication, 4th Edition)
• Gulshan S.S. – Business Law Including Company Law (Excel Books)
• Avtar Singh – Principles of Mercantile Law (Eastern Book Company, 7th Edition)
• N.D. Kapoor & Rajni Abbi – General Laws & Procedures (Sultan Chand & Sons)
• Durga Das Basu – Constitution of India (Prentice Hall of India)

Course Objectives

• The basic objective of this course is to make the students aware of the various economic issues that they are expected to face as managers at the corporate level and to equip them with the tools and techniques of economic analysis for improving their decision-making skills.

Course Content

1. Unit I

   Introduction: Nature and Scope of Business Economics; Role of Business Economist; Difference between Economics & Business Economics; Basic Problems of an Economy and role of price mechanism – what to produce, how to produce, for whom to produce.

2. Unit II

   Demand and Supply Analysis: Law of Demand; Market Demand; Elasticity of Demand – Concept and Measurement; Price, Income, Cross Elasticity; Significance of Elasticity of Demand; Demand Forecasting: Concept, Objectives, Significance and Limitations; Methods of Demand Forecasting; Supply and its Elasticity.

3. Unit III

   Utility of Demand and Consumer Behavior: Utility, Diminishing Marginal Utility and Equi-Marginal Utility, Consumer’s Equilibrium, Consumer Behavior: Cardinal Utility Theory, Indifference Curve, Consumer’s Surplus.

4. Unit IV

   Production: Three Stages of Production; Types of Costs, Cost Output Relationship in Short-run and Long-run; Internal and External Economies & Diseconomies.

5. Unit V

   Market Structure & Pricing: Concept, Types of Markets; Perfect Competition – Characteristics, Price Determination under Perfect Competition, Monopoly – characteristics, Price Determination under Monopoly. Imperfect Market: Monopolistic Market – Characteristics, Price Determination under Monopolistic Competition; Oligopoly – Characteristics, Pricing Policy.

Suggested Readings

• Dwivedi D.N. – Managerial Economics (Vikas Publication, 7th Edition)
• Raj Kumar – Managerial Economics (UDH Publishers, 2013 Edition)
• Atmanand – Managerial Economics (Excel Books)
• Keats – Managerial Economics, 6e (Prentice Hall)
• Vanita Agarawal – Managerial Economics (Pearson)
• M.L. Jhingan & J.K. Stephan – Managerial Economics (Vrinda Publications, 2nd Edition)

Course Objectives

• The objective of this course is to expose the students to the applied aspect of accounting and making them familiar with the techniques of using Accounting information for decision making.
• Having been introduced to these techniques and having acquired the ability to understand accounting language

Course Content

1. Unit I: Introduction

   Meaning, objectives and advantages of cost accounting, Difference between financial, cost, and management accounting. Cost concepts and classifications, Installation of a costing system. Role of a cost accountant in an organization.

2. Unit II: Elements of Cost

   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.

   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.

   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, Activity-Based Costing.

3. Unit III: Methods of Costing

   Unit costing, Job costing. Contract Costing. Process costing (process losses and gains, valuation of work in progress, joint and by-products). Service costing (only transport). Accounting Systems: Integral and non-integral systems, Reconciliation of cost and financial accounts.

4. Unit IV: Budgeting and Budgetary Control

   Concept of budget and budgetary control, objectives, merits, and limitations, Budgeting process, Functional budgets, Cash budget, Fixed and flexible budgets, Zero base budget, Programme and performance budgets.

5. Unit V: Standard and Marginal Costing

   Standard Costing as a control technique, setting of standards and their revision, Variance analysis – material, labour, and overhead variances. Concept of Marginal Cost, Marginal Costing and Absorption Costing, Marginal Costing vs. Direct Costing. CVP Analysis.

Suggested Readings

• Pandey I.M. – Management Accounting (Vikas, 2004, 3rd Ed.)
• Vij – Management Accounting (Excel Books)
• Balakrishnan – Managerial Accounting (Wiley Dreamtech)
• Alex – Cost Accounting (Pearson)
• Khan and Jain – Management Accounting (Tata McGraw-Hill, 2000)
• Sinha – Accounting and Costing for Management (Excel Books)

Course Objectives

• To acquire skills in reading, writing, comprehension and communication, and also to use electronic media for business communication.

Course Content

1. Unit I

   Introduction: Nature, Process and Importance of Communication, Types of Communication (verbal & Non Verbal), Different forms of Communication. Barriers to Communication: Linguistic Barriers, Psychological Barriers, Interpersonal Barriers, Cultural Barriers, Physical Barriers, Organizational Barriers.

2. Unit II

   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.

3. Unit III

   Report Writing: Identify the types of reports, define the basic format of a report, identify the steps of report writing, write a report meeting the format requirements, determine the process of writing a report, importance of including visuals such as tables, diagrams and charts in writing report, apply citation rules (APA style documentation) in reports.

4. Unit IV

   Business language and presentation: Importance of Business language, Vocabulary, Words often confused, Words often misspelt, Common errors in English. Oral Presentation: Importance, Characteristics, Presentation Plan, Power point presentation, Visual aids.

5. Unit V

   Technology and Business Communication: Role, effects and advantages of technology in Business Communication like email, text messaging, instant messaging and modern techniques like video conferencing, social networking. Strategic importance of e-communication.

Suggested Readings

• Lesikar, R.V. & Flatley, M.E. – Basic Business Communication Skills for Empowering the Internet Generation, Tata McGraw Hill Publishing Company Ltd., New Delhi
• Bovee and Thill – Business Communication Today, Pearson Education
• Shirley Taylor – Communication for Business, Pearson Education
• Locker and Kaczmarek – Business Communication: Building Critical Skills, TMH

Course Objectives

• To develop an understanding among students about identifying, analyzing and managing various types of risk.
• Besides, the students will be in a position to understand principles of insurance and its usefulness in business, along with its regulatory framework.

Course Content

1. Unit I

   Concept of Risk, Types of Risk, Managing Risk, Sources and Measurement of Risk, Risk Evaluation and Prediction. Disaster Risk Management, Risk Retention and Transfer.

2. Unit II

   Concept of Insurance, Need for Insurance, Globalization of Insurance Sector, Reinsurance, Co-insurance, Assignment. Endowment.

3. Unit III

   Nature of Insurance Contract, Principle of Utmost Good Faith, Insurable Interest, proximate cause, contribution and subrogation, Indemnity, Legal Aspects of Insurance Contract, Types of Insurance, Fire and Motor Insurance, Health Insurance, Marine Insurance, Automobile Insurance.

4. Unit IV

   Control of Malpractices, Negligence, Loss Assessment and Loss Control, Exclusion of Perils, Actuaries, Computation of Insurance Premium.

5. Unit V

   Regulatory Framework of Insurance: Role, Power and Functions of IRDA, Composition of IRDA, IRDA Act 1999.

Suggested Readings

• George E. Rejda – Principles of Risk Management and Insurance, Pearson Education
• Dorfman, Mark S. – Introduction to Risk Management and Insurance, Pearson
• All the three modules of Insurance and Risk Management by the Institute of Chartered Accountants of India
• Gupta, P.K. – Insurance and Risk Management, Himalaya Publishing House
• Mishra, M.N. – Principles and Practices of Insurance, S. Chand and Sons
• Dinsdale, W.A. – Elements of Insurance, Pitman
• Black, K. and H.D. Skipper – Life and Health Insurance, Pearson Education
• Crane, F. – Insurance Principles and Practices, John Wiley and Sons, New York
• Vaughan, E.J. and T. Vaughan – Fundamentals of Risk and Insurance, Wiley & Sons
• Hansell, D.S. – Elements of Insurance, Macdonald & Evans Ltd.

Course Objectives

• To introduce the students with assessment of income tax.
• To exceed the knowledge in taxation accounts.

Course Content

1. Unit I

   Basic Concepts: Income, Agricultural income, Casual income, Assessment year, Previous year, Gross total income, Person; Tax evasion, Avoidance and tax Planning.

2. Unit II

   Basis of Charge: Scope of total income, Residence and tax liability, Income which does not form part of total income.

3. Unit III

   Heads of Income: Salaries; Income from house property; Profits and gains of business or profession, including provisions relating to specific business; Capital gains; Income from other sources.

4. Unit IV

   Computation of Tax Liability: Computation of total income and tax liability of an individual; Aggregation of income; Set-off and carry forward of losses; Deduction from gross total income. Clubbing of Income.

5. Unit V

   Tax Management: Tax deduction at source; Advance payment of tax; Assessment procedures; IT Authorities.

Suggested Readings

• S.K. Shukla – Income Tax Law and Accounts, Royal Publication, Lucknow
• Prasad Bhagwati – Income Tax Law & Practice (Vishwa Prakashan)
• Singhania V.K. – Direct Taxes, Law & Practice (Taxmann, 40th Ed.)

Course Objectives

• To provide the knowledge of company law and their amendments.

Course Content

1. Provisions of the Companies Act, 2013 and amendments up to date relating to:

2. Unit I

   Introduction to Companies Act, 2013; Important Definitions; Incorporation of a company and matters incidental thereto. (Relevant sections 1 to 22)

3. Unit II

   Prospectus and Allotment of securities – Public offer & Private Placement; Share Capital & Debentures; acceptance of Deposits by Companies; Registration of charges. (Relevant sections 23 to 87)

4. Unit III

   Management & Administration – Register of Members, Annual Returns, Annual General Meeting, Extra-Ordinary General Meeting; Declaration and payment of Dividend; Accounts and Audit of Companies. (Relevant sections 88 to 148)

5. Unit IV

   Directors: Appointment & Qualification; Meeting of Board and its powers; Prevention of Oppression & Mismanagement. (Relevant sections 149 to 195 & 241 to 246)

6. Unit V

   Winding up – Modes of winding up, winding up by Tribunal, voluntary winding up, Official Liquidator. (Relevant sections 270 to 365)

Course Objectives

• In this course the students will learn the basic concepts and frameworks of Human Resource Management (HRM) and understand the role that HRM has to play in effective business administration.
• It will provide an insight as to how to use Human Resource as a tool to implement strategies.

Course Content

1. Unit I: 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, work life balance.

2. Unit II: 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 and socialization; Retention.

3. Unit III: Training and Development

   Concept and importance; Role specific and competency based training; Training and development methods – Apprenticeship, understudy, job rotation, vestibule training, case study, role playing, sensitivity training, In-basket, management games, conferences and seminars, coaching and mentoring, management development programs; Training process outsourcing.

4. Unit IV: Performance Appraisal and Compensation Management

   Performance appraisal – Nature, objectives and process; Performance management; Methods of performance appraisal; Potential appraisal; Employee counselling; Job changes – Transfers and promotions, Human resource audit.

   Compensation – Concept and policies, Base and supplementary compensation; Individual, group and organization incentive plans; Fringe benefits; Performance linked compensation; Employee stock option; Pay band compensation system; Job evaluation.

5. Unit V: Maintenance of Employees and Emerging Horizons of HRM

   Employee health and safety; Employee welfare; Social security (excluding legal provisions); Employer-employee relations – An overview; Grievance handling and redressal; Industrial disputes: Causes and settlement machinery; e-HRM; Human Resource Information System and e-HRM; Impact of HRM practices on organisational performance; HR audit, Contemporary issues in human resource management.

Suggested Readings

• V.S.P. Rao – Human Resource Management (Text and Cases), Himalaya Publications, Thirteenth Edition
• Durai Praveen – Human Resource Management, Pearson Publication, 2nd Edition
• Gary Dessler and Biju Varkkey – Human Resource Management, Pearson Publication, 2013, 14th Edition
• Seema Sanghi – Human Resource Management, Vikas Publications, 2014, 5th Edition
• K. Aswathappa – Human Resource Management, McGraw Hill Education, 2013

Course Objectives

• To help the students acquire the conceptual knowledge of the fundamentals of company accounts and to learn the techniques of preparing the financial statements.

Course Content

1. Unit I: Accounting for Share Capital & Debentures

   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.

2. Unit II: Final Accounts

   Preparation of profit and loss account and balance sheet of corporate entities, excluding calculation of managerial remuneration. Disposal of company profits.

3. Unit III: Valuation of Goodwill and Valuation of Shares

   Concepts and calculation – simple problem only.

4. Unit IV: Amalgamation of Companies

   Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding inter company holdings). Internal reconstruction: concepts and accounting treatment excluding scheme of reconstruction.

5. Unit V: Accounts of Holding Companies/Parent Companies

   Preparation of consolidated balance sheet with one subsidiary company. Relevant provisions of Accounting Standard: 21 (ICAI).

Suggested Readings

• S.M. Shukla – Company Accounts
• Jagdeesh Prakash – Company Accounts

Course Objectives

• The objective of this course is to provide basic knowledge of concepts, principles, tools and techniques of marketing.

Course Content

1. Unit I

   Introduction: Nature, scope and importance of marketing; Evolution of marketing concepts; Marketing mix; Marketing environment. Micro and Macro environmental factors.

   Consumer Behavior – An Overview: Consumer buying process; Factors influencing consumer buying decisions.

2. Unit II

   Market Selection: Market segmentation – concept, importance and bases; Target market selection; Positioning concept, importance and bases; Product differentiation vs. market segmentation.

   Product: Meaning and importance. Product classifications; Concept of product mix; Branding, packaging and labeling; After-sales services; Product life-cycle; New Product Development.

3. Unit III

   Pricing: Significance; Factors affecting price of a product; Major pricing methods; Pricing policies and strategies.

   Promotion: Nature and importance of promotion; Promotion Tools: advertising, personal selling, public relations; sales promotion and publicity – concept and their distinctive characteristics; Promotion mix; Factors affecting promotion mix decisions; and Integrated Marketing Communication Approach.

4. Unit IV

   Distribution: Channels of distribution – meaning and importance; Types of distribution channels; Wholesaling and retailing; Factors affecting choice of distribution channel; Distribution Logistics: Meaning, importance and decisions.

   Retailing: Types of retailing – store based and non-store based 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.

5. Unit V

   Rural marketing: Growing Importance; Distinguishing characteristics of rural markets; Understanding rural consumers and rural markets; Marketing mix planning for rural markets.

   Recent developments in marketing: Social Marketing, Online Marketing, Direct Marketing, Services Marketing, Green Marketing, Relationship Marketing.

Suggested Readings

• Kotler, Keller, Kevin – Marketing Management: A South Asian Perspective, 15/e, Pearson Education, 2016
• Ramaswamy V.S. & Namakumar S. – Marketing Management, 5/e, McGraw Hill Education Publishers, 2015

Course Objectives

• To impart basic knowledge of Indian Economic Laws and to familiarize the students with the understanding and provisions of economic laws.

Course Content

1. Unit I

   Competition Laws: Important Provisions of the Competition Act, 2002.

2. Unit II

   Intellectual Property Rights Laws: Trade Marks Act, 1999; Patents Act, 1970; The Designs Act, 2000; Geographical Indications of Goods (Registration and Protection) Act, 1999; Copyright Act, 1957.

3. Unit III

   Environmental Laws: The Environment Protection Act, 1986; Water (Prevention and Control of Pollution) Act, 1974; Air (Prevention and Control of Pollution) Act, 1981; National Green Tribunal Act, 2010.

4. Unit IV

   Foreign Exchange & Anti-corruption Laws: Foreign Exchange Management Act, 1999; The Prevention of Money Laundering Act, 2002.

5. Unit V

   Industrial Laws: Factories Act, 1948; Industrial Disputes Act, 1947.

Course Objectives

• To provide expert knowledge and application of financial Management in present business environment.

Course Content

1. Unit I

   Introduction: Meaning, Nature, Scope and objectives of financial Management; Finance Functions; Time Value of Money; Risk and Return.

2. Unit II

   Capital Budgeting: Concept, Significance. Process of Capital Budgeting; Cash Flow estimation; Techniques – Pay Back Method, Discounted Pay-Back Method; Accounting Rate of Return (ARR); Net Present Value (NPV) Method; Internal Rate of Return (IRR) Method; Terminal Value Method; Profitability Index; Capital Budgeting under Risk – Certainty Equivalent Approach and Risk Adjusted Discount Rate.

3. Unit III

   Cost of Capital and Financing Decisions: Sources of Long term Financing; Estimation of components of cost of capital; Method of calculating Cost of Debt, Cost of Preference shares, Cost of Equity, Cost of Retained Earnings, Weighted Average Cost of Capital. Capital Structure Theories, Operating and Financial Leverage.

4. Unit IV

   Dividend Decisions: Theories of Relevance and Irrelevance of Dividends for corporate valuation – MM Hypothesis, Walter’s Model, Gordon’s Model, Forms of Dividend Payments, Determinants of Dividend.

5. Unit V

   Working Capital Management: Concept of Working Capital Management; Operating cycle & Cash cycles; Risk-Return trade off; Sources of short term Finance, Computation of Working Capital.

Course Objectives

• To enable the student to become competent to understand the mechanism to excel in e-commerce based employments, self-employment opportunities.

Course Content

1. Unit I

   Introduction: Introduction to E-Commerce and Definitions, E-Commerce based activities, Goals of E-commerce, Technical Components of E-Commerce, Functions, Advantages and disadvantages of E-Commerce, Scope of E-Commerce, Electronic Commerce Applications, Framework of E-Commerce, Supply, Supply Chain Management, Electronic Commerce and Electronic Business.

2. Unit II

   Planning Online-Business: Nature and dynamics of the internet, Electronic business models: B2B, B2C, C2C, C2B. Website as market place. E-Commerce, pure online vs. brick and click business; assessing requirement for an online business, designing, developing and deploying the system.

3. Unit III

   Technology for Online-Business: Internet and its Evolution, IT Infrastructure, Middleware, Domain names, Content: Text and Integrating E-Business applications. Component of Internet Information technology structure. Development of Intranet, Extranet and their Difference.

4. Unit IV

   Operations of E-commerce: On-line payment mechanism, Electronic Payment system; Payment Gateways; Visitors to website; Tools for promoting websites; Risk Management options for e-payment systems.

5. Unit V

   Security and legal Aspect of E-Commerce: Threats in E-commerce, Security of Clients and Service-Provider; Cyber Laws – Relevant provisions of Information Technology Act 2000.

Course Objectives

• To provide students a sound knowledge of principles and provisions of GST.

Course Content

1. Unit I

   Introduction: Constitutional framework of Indirect Taxes before GST (Taxation Powers of Union & State Government); Major Defects in the structure of Indirect Taxes prior to GST; Rationale for GST, Structure of GST (SGST, CGST, UTGST & IGST); GST Council, GST Network, State Compensation Mechanism.

2. Unit II

   Levy and collection of GST: Taxable event – “Supply” of Goods and Services; Place of Supply: Within state, Interstate, Import and Export; Time of supply; Valuation for GST – Valuation rules, Taxability of reimbursement of expenses; Exemption from GST: Small supplies and Composition Scheme; Classification of Goods and Services: Composite and Mixed Supplies.

3. Unit III

   Input Tax Credit & Value of Supply: Eligible and Ineligible Input Tax Credit; Apportionments of Credit and Blocked Credits; Tax Credits in respect of Capital Goods; Recovery of Excess Tax Credit; Availability of Tax Credit in special circumstances; Transfer of Input Credit (Input Service Distribution); Payment of Taxes; Refund; Doctrine of unjust enrichment; TDS, TCS. Reverse Charge Mechanism, Job work. Valuation procedures.

4. Unit IV

   Registrations & Assessment Procedures: Registrations, Tax Invoice, Credit and Debit Notes, GST Returns, Audit in GST, Assessment: Self-Assessment, Summary and Scrutiny.

5. Unit V

   Special Provisions: Taxability of E-commerce, Anti-Profiteering, Avoidance of dual control, E-way bills, Zero-rated supply, Offences and Penalties, Appeals.

Course Objectives

• To provide the knowledge of auditing in order to prepare the students for verification and valuation of assets and to maintain the audit report.

Course Content

1. Unit I

   Introduction: Meaning and objective of auditing; Types of audit; Audit programme; Audit notebooks; Working papers and evidences; Consideration for commencing an audit; Routine checking and test checking; Internal check system; Internal audit and Internal control.

2. Unit II

   Audit Procedure: Vouching; Verification of assets and liabilities.

3. Unit III

   Audit of companies: Appointment of Company Auditor, Powers, Duties and Liabilities. Removal of Auditor as per provision of the Companies Act 2013.

4. Unit IV

   Auditor’s Report: Clean Report and Qualified Report.

5. Unit V

   Recent trends in auditing: Nature and significance of Cost Audit; Tax Audit, Management Audit.

Suggested Readings

• I. Nagrajan, S. Meena Kumari – Fundamental of Auditing, APH Publishing Corporation
• Kumar Ravindra, Sharma Virendra – Principles and Practice of Auditing, PHI Learning
• Noyahg, R. Martina – Auditing Theory and Practice, Oxford Book Company