B.Com Syllabus

Course Content

1. Unit I

   22 Lectures

   Business: Concept, Meaning, Features, Stages of development of business and importance of business. Classification of Business Activities. Meaning, Characteristics, Importance and Objectives of Business Organization, Evolution of Business Organisation. Difference between Plant, Firm and Industry and Business & Trade, and Profession & Vocation, Modern Business and their Characteristics.

2. Unit II

   23 Lectures

   Promotion of Business: Considerations in Establishing New Business. Qualities of a Successful Businessman. Forms of Business Organisation: Sole Proprietorship, Partnership, Joint Stock Companies & Co-operatives and their Characteristics, relative merits and demerits, Difference between Private and Public Company, Concept of One Person Company and LLP.

3. Unit III

   25 Lectures

   Plant Location: Concept, Meaning, Importance, Factors Affecting Plant Location, Alfred Weber's and Sargent Florence's Theories of Location. Plant Layout – Meaning, Objectives, Importance, Types and Principles of Layout. Factors Affecting Layout. Size of Business Unit: Criteria for Measuring the Size and Factors Affecting the Size. Optimum Size and factors determining the Optimum Size.

4. Unit IV

   20 Lectures

   Business Combination: Meaning, Characteristics, Objectives, Causes, Forms and Kinds of Business Combination. Rationalisation: Meaning, Characteristics, Objectives, Principles, Merits and demerits.

Suggested Readings

• Gupta, C.B., "Business Organisation", Mayur Publication.
• Singh, B.P., Chhabra, T.N., "An Introduction to Business Organisation & Management", Kitab Mahal.
• Sherlekar, S.A. & Sherlekar, V.S., "Modern Business Organization & Management Systems Approach Mumbai", Himalaya Publishing House.
• Bhusan Y. K., "Business Organization", Sultan Chand & Sons.
• Prakash, Jagdish, "Business Organisation and Management", Kitab Mahal Publishers (Hindi and English).

Course Objectives

• The purpose of this paper is to inculcate and analytical ability among the students.

Course Content

1. Unit I

   20 Lectures

   Evolution of Statistics in India, contribution of Indian Statistics Prof. Prasanta Chandra Mahalanobis. Introduction to Statistics: Meaning, Scope, Importance and Limitation, Statistical Investigation- Planning and organization, Statistical units, Methods of Investigation, Census and Sampling. Collection of Data- Primary and Secondary Data, Editing of Data, Classification of data, Frequency Distribution and Statistical Series, Tabulation of Data, Diagrammatical and Graphical Presentation of Data.

2. Unit II

   25 Lectures

   Measures of Central Tendency – Mean, Median, Mode, Quartile, Decile, Percentile, Geometric and Harmonic Mean; Dispersion – Range, Quartile Deviation, Mean Deviation, Standard Deviation and its Co-efficient, Co-efficient of Variation and Variance. Test of Skewness and Dispersion, Its Importance, Co-efficient of Skewness.

3. Unit III

   25 Lectures

   Correlation- Meaning, application, types and degree of correlation. Methods- Scatter Diagram, Karl Pearson's Coefficient of Correlation, Spearman's Rank Coefficient of Correlation, concurrent method. Probable Error & Standard Error.

4. Unit IV

   20 Lectures

   Index Number: - Meaning, Types and Uses, Methods of constructing Price Index Number, Fixed – Base Method, Chain-Base Method, Base conversion, Base shifting, deflating and splicing. Consumer Price Index Number, Fisher's Ideal Index Number, Reversibility Test- Time and Factor;

   Analysis of Time Series: - Meaning, Importance and Components of a Time Series. Decomposition of Time Series: - Moving Average Method and Method of Least square.

Suggested Readings

• Heinz, Kohler: Statistics for Business & Economics, HarperCollins.
• Gupta, S.C. Fundamental of Statistics, Himalaya Publication.
• Sharma J.K., Business Statistics, Pearson Education.
• Gupta S.P. & Gupta Archana, Elementary Statistics, (English and Hindi) Sultan Chand & Sons, New Delhi.

Course Content

1. Unit I

   24 Lectures

   Introduction: Concept, Characteristics, Nature, Process and Significance of Management; An overview of functional areas of Management; Development of Management Thought; Classical and Neo Classical System; Contingency Approach, System Approach.

   Management in Indian Ethos & culture.

2. Unit II

   24 Lectures

   Planning: Concept, Characteristics, Process, Importance and Types, Criteria of effective planning. Decision- Making: Concept, Process, Types and Importance. Management by Objectives. Organisation: Concept, Nature, Process and Significance. Authority and Responsibility Relationships. Centralization and Decentralization. Departmentation.

3. Unit III

   21 Lectures

   Direction: Concept and Techniques, Coordination as an Essence of Management. Communication- Nature, Process, Importance, Types, Networks and Barriers. Effective Communication. Motivation- Concept, Types, Importance, Theories- Maslow, Herzberg, McGregor, Ouchi, Financial and Non-Financial Incentives. Leadership: Meaning, Concept, Functions and Leadership styles, Likert's Four System of Leadership.

4. Unit IV

   21 Lectures

   Controlling: Meaning, Importance and Process, Effective Control System, Techniques of Control. Management of Change: Concept, Nature, Types of Changes and Process of Planned Change, Resistance to Change and methods of reducing resistance to change.

Suggested Readings

• Gupta, C.B., "Business Organisation", Mayur Publication.
• Singh, B.P., Chhabra, T.N., "An Introduction to Business Organisation & Management", Kitab Mahal.
• Sherlekar, S.A. and Sherlekar, V.S., "Modern Business Organization & Management Systems Approach Mumbai", Himalaya Publishing House.
• Bhusan Y. K., "Business Organization", Sultan Chand & Sons.
• Jagdish Prakash, "Business Organisation and Management", Kitab Mahal Publishers.
• Agarwal K.K., "Business Organisation and Management".
• Joshi, G.L., "Vyavasayik Sanghathan Evam Prabandha".
• Prasad, Jagdish, "Vyavasayik Sanghathan Evam Prabandha".

Course Content

1. Unit I

   15 Lectures

   Evolution of Accounting in India: Contribution of Shri Kalyan Subramani Aiyar (K.S. Aiyar) 1859-1940 known as father of Accountancy in India. Introduction of Indian Accounting System, Nature and scope of Accounting, Generally Accepted Accounting Principles: Concepts and Conventions. Indian Accounting Standards. Accounting Mechanics: Double Entry System, Preparation of Journal, Ledger and Trial Balance, Profit and Loss A/c, Balance Sheet, Concept of Income and its Measurement.

2. Unit II

   12 Lectures

   Hire Purchase Accounts - Accounting Records in the Books of Hire Purchaser and Vendor, Different Methods of Calculation of Interest and Cash Price, Maintenance of Suspense Account, Default in Payment and Partial Returns of Goods.

   Installment Payment System - Difference between Hire Purchase and Installment Payment System, Accounting Records in the book of Purchaser & Vendor, Interest suspense account.

3. Unit III

   15 Lectures

   Departmental Accounts - Meaning, Objects and Importance, Advantage, Methods of Departmental Accounts, Final Accounts of Non Corporate Departmental Business, Allocation of Indirect Expenses.

   Branch Accounts - Meaning and Objectives of Branch Account, Importance and Advantages, Classification of Branches, Accounting of Branch Accounts under various Methods including Foreign Branch.

4. Unit IV

   18 Lectures

   Royalty Accounts - Accounting Records for Royalty in the books of Landlords and Lessee, Recoupment of Shortworking, Sub - lease, Short working Reserve Account, Nazarana.

   Insolvency Accounts- (for individuals/sole trader only)- main provisions of IBC 2016, Preparation of Accounts under latest provisions.

   Insurance Claims – Computation of claim under loss of Stock Policy & Loss of Profit policy.

Suggested Readings

• Jain & Narang, "Advanced Accounts", Jain Book Agency.
• Gupta, K.G & Others, K.G Publications, Modinagar.
• Gupta, R. L. & Radhaswamy, M., Financial Accounting: Sultan Chand and Sons.
• Shukla, M.C., Grewal T.S. & Gupta, S.C., Advanced Accounts: S. Chand & Co.
• Maheshwari S.N. & Maheshwari S. K, "A text book of Accounting for Management", Vikas Publication.

Course Content

1. Unit I

   4 Lectures

   Computerised Accounting- Concept, Objectives, Advantages and Limitations, Types of Accounting Information; Users of Accounting Information and Their Needs.

   Qualitative Characteristics of Accounting Information. Role of Accounting in Business.

2. Unit II

   4 Lectures

   Introduction to Computer and Accounting Information System (AIS):

   (A) Introduction to Computers (Elements, Capabilities, Limitations of Computer System).

   (B) Introduction to Operating Software, Utility Software and Application Software. Introduction to Accounting Information System (AIS) as a Part of Management Information System.

3. Unit III

   22 Lectures

   Computerised Accounting Systems: Computerized Accounts by using any popular accounting software: Creating a Company; Configure and Features settings; Creating Accounting Ledgers and Groups; Creating Stock Items and Groups; Vouchers Entry; Generating Reports - Cash Book, Ledger Accounts, Trial Balance, Profit and Loss Account, Balance Sheet, Funds Flow Statement, Cash Flow Statement; Selecting and shutting a Company; Backup and Restore data of a Company.

Suggested Readings

• Computerized Accounting System For B.Com. by Ajay Sharma and Manoj Bansal.
• Computerized Accounting System by Neeraj Goyal and Rohit Sachdeva.
• Computer Based Accounting by C Mohan Luneja, Sandeep Bansal and Rama Bansal.
• Robert N Anthony, David Hawkins, Kenneth A. Merchant, Accounting: Text and Cases, McGraw-Hill Education.
• Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson Education.
• M.C. Shukla, T.S. Grewal and S.C. Gupta, Advanced Accounts, Vol.-I, S. Chand & Co., New Delhi.
• S.N. Maheshwari and S. K. Maheshwari, Financial Accounting, Vikas Publishing House, New Delhi.

Course Content

1. Unit I

   22 Lectures

   Indian Companies Act 2013: Nature and Types of Companies, Conversion of Public Companies into Private Company's and Vice Versa. Formation, Promotion and Incorporation of Companies, Memorandum of Association; Article of Association;

   Prospectus.

2. Unit II

   22 Lectures

   Shares: Types, Share Capital-Kinds; Allotment of Shares; Members - Categories, Modes of Acquiring Membership, Rights and Liabilities; Transfer and Transmission of Shares, Difference, Methods of Borrowing, Debentures, Mortgages and Fixed and Floating Charge.

3. Unit III

   25 Lectures

   Management: Directors, Types and Number of Directors, Managing Director, Whole Time Director – Appointment, Qualifications and Disqualification, Duties, Vacation, Resignation and Removal, Company Meetings- Kinds, Quorum, Voting,

   Resolution, Minutes.

4. Unit IV

   21 Lectures

   Majority Powers and Minority Rights: Protection of Minority Rights; Prevention of Oppression and Management. Mismanagement, Winding Up-Kinds and Conduct-Petition for Winding Up,

   Appointment of Official Liquidator and Duties.

Suggested Readings

• Kapoor GK & Dhamija Sanjay, Company Law Comprehensive Textbook On Companies Act 2013, Taxmann Publication.
• Singh Avtar, Company Law, Delhi India Eastern Book Company Bharat Law House.
• Gupta, Company Adhiniyam, Sahitya Bhawan Publication (Hindi and English), Agra.
• Maheshwari SN And SK Maheshwari, A Manual Of Business Law, 2nd Edition, Himalaya Publishing House.

Course Content

1. Unit I

   20 Lectures

   Introduction: Nature, Scope and Advantages of Cost Accounting. Introduction of Cost Accounting Standard in India. Installation of Costing System, Difference between Cost and Financial Accounting, Classification of Costs. Material: Purchase, Storage and Control of Material, Stock Levels, Inventory Control Techniques, Methods of Pricing Material Issues.

2. Unit II

   20 Lectures

   Labour: Meaning and Components of Labour Cost. Concept, Accounting and Control of Idle time and Overtime. Methods of Wage Payment and Incentive Plans, Labour Turnover.

   Overheads: Collection, Classification, Allocation, Apportionment and Absorption of Overheads (Primary and Secondary Distribution), Machine Hour Rate.

3. Unit III

   30 Lectures

   Unit Output Costing: Concept of and Need for Unit Output Costing; Preparation of Cost Sheet and Tender Price; Preparation of Reconciliation Statement.

4. Unit IV

   20 Lectures

   Process Costing: Preparation of Process Accounts; Treatment of Normal and Abnormal Wastage; Treatment of Joint Product and By-product; Contract Costing: Preparation of Contract Account, Determination of Profit on Completed and Uncompleted Contracts; Operating Costing.

Suggested Readings

• Jain S.P. and Narang K.L: Cost Accounting; Kalyani, New Delhi.
• Maheshwari S.N: Advanced Problems and Solutions in Cost Accounting; Sultan Chand, New Delhi. (Hindi and English)
• Tulsian P.C: Practical Costing; Vikas, New Delhi.
• Garg A. K.: Cost Accounting: An Analytical Study, Swati Publication, Meerut.
• Horngren, Charles, Foster and Datar: Cost Accounting - A Managerial Emphasis; Prentice-Hall of India, New Delhi.

Course Content

1. Unit I

   22 Lectures

   Evolution of Taxation System in India.

   Introduction, Important Definitions: Assessee, Person, Income, Total Income, Assessment Year & Previous Year. Agricultural Income & its assessment. Residence & Tax Liability (Basis of Charge). Capital & Revenue. Exempted Incomes.

2. Unit II

   31 Lectures

   Income from Salaries, Income from House Property, Profits and Gains of Business and Profession, Depreciation.

3. Unit III

   21 Lectures

   Capital gains, Income from Other Sources, Deductions From Gross Total Income, Computation of Tax Liability of an Individual.

4. Unit IV

   16 Lectures

   Set off and carry forward of losses and Clubbing of Income, Procedure of Assessment, Advance Payment of Tax and Deduction of Tax at Source. Basics of filing of Returns: Types of ITR, Form 16 & Form 26AS.

Suggested Readings

• Singhania V.K: Students' Guide to Income Tax; Taxmann, Delhi.
• Mehrotra H.C: Income Tax Law & Accounts; Sahitya Bhawan, Agra. (Hindi and English)
• Girish Ahuja and Ravi Gupta: Systematic approach to income tax; Sahitya Bhawan Publications, New Delhi. (Hindi and English)
• Jain, R.K., Income Tax Law and Accounts (Hindi and English), SBPD Publications, Agra.
• Agarwal, B.K, Income Tax Law and Accounts (Hindi and English), Nirupam Sahitya Sadan, Agra.

Course Content

1. Unit I

   15 Lectures

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

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

2. Unit II

   15 Lectures

   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 labelling; After-sales services; Product life-cycle; New Product Development.

3. Unit III

   15 Lectures

   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

   15 Lectures

   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.

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

Suggested Readings

• Kotler, Philip; Keller, Kevin Lane; Koshy, Abraham, and Mithileshwar Jha, Marketing Management: A South Asian Perspective, Pearson Education.
• Palmer, Adrian, Introduction to Marketing, Oxford University Press, UK.
• Lamb, Charles W.; Hair, Joseph F., and Carl McDaniel, Principles of Marketing, South Western Publishing, Ohio.
• Chhabra, T.N., Principles of Marketing, Sun India Publication.
• Kumar, Arun & N. Meenakshi, Marketing Management, Vikas Publications. (Hindi and English)
• McCarthy, E. Jerome, and William D. Perreault, Basic Marketing, Richard D. Irwin.
• Pride, William M., and D.C. Ferell, Marketing: Planning, Implementation & Control, Cengage Learning.
• Majaro, Simon, The Essence of Marketing, Prentice Hall, New Delhi.
• Zikmund, William G. and Michael D'Amico, Marketing: Creating and Keeping Customers in an E-Commerce World, Thomson Learning.
• Etzel, Michael J., Walker, Bruce J., Staton, William J., and Ajay Pandit, Marketing Concepts and Cases, Tata McGraw Hill (Special Indian Edition).
• McCarthy, E. Jerome; Cannon, Joseph P., and William D. Perrault, Jr., Basic Marketing: A Managerial Approach, McGraw Hills.

Course Content

1. Unit I

   4 Lectures

   Introduction of the digital marketing, Digital vs. Real Marketing, Digital Marketing Channels, Creating initial digital marketing plan, Content management, SWOT analysis, Target group analysis.

2. Unit II

   6 Lectures

   Web design, Optimization of Web sites, MS Expression Web, Creating web sites, SEO Optimization, Writing the SEO content, Google AdWords- creating accounts, Google AdWords- types.

3. Unit III

   10 Lectures

   Introduction to CRM, CRM platform, CRM models, CRM strategy, Introduction to Web analytics, Web analytics – levels, Introduction of Social Media Marketing, Social Media Marketing plan, Facebook Ads, Creating Facebook Ads, Ads Visibility, Business opportunities and Instagram options, Optimization of Instagram profiles, Integrating Instagram with a Web Site and other social networks, Keeping up with posts.

4. Unit IV

   10 Lectures

   Creating business accounts on YouTube, YouTube Advertising, YouTube Analytics, E-mail marketing, E-mail marketing plan, E-mail marketing campaign analysis, Keeping up with conversions, Digital Marketing Budgeting - resource planning, cost estimating, cost budgeting, cost control.

Suggested Readings

• Chaffey, D, F.E. Chadwick, R. Mayer, and K. Johnston, Internet Marketing: Strategy, Implementation, and Practice, Pearson India.
• Frost, Raymond D., Alexa Fox, and Judy Strauss, E-Marketing, Routledge.
• Gupta, Seema, Digital Marketing, McGraw Hill Education (India) Private Ltd.
• Kapoor, Neeru, E-Marketing, Pinnacle Learning.
• Kotler, Philip, Hermawan Kartajaya, and Iwan Setiawan, Digital Marketing 4.0: Moving from Traditional to Digital, Pearson India.
• Ryan, Damian and Jones Calvin, Understanding Digital Marketing: Marketing Strategies for engaging the Digital Generation.

Course Content

1. Unit I

   15 Lectures

   Issue of Shares: Share Capital and Its Types. Issue, Forfeiture and Re Issue of Shares, Redemption of Preference Shares.

2. Unit II

   20 Lectures

   Debentures: Features & Types. Issue and Redemption of Debentures. Profit Prior to Incorporation. Final Accounts, General Instruction for Preparation of Balance Sheet and Statement of Profit and Loss.

3. Unit III

   20 Lectures

   Accounts of Holding and Subsidiary Companies: Consolidated Balance Sheet of holding companies with one subsidiary only. Consolidated Profit & Loss account.

4. Unit IV

   20 Lectures

   Accounting for Amalgamation of Companies: As Per Indian Accounting Standard 14. Meaning, Characteristics and Objectives of Amalgamation, Accounting for Amalgamation, Internal and External Reconstruction.

Suggested Readings

• Gupta RL, Radhaswami M., Company Accounts, Sultan Chand And Company (Hindi and English).
• Maheshwari SN And Maheshwari SK, Corporate Accounting, Vikas Publishing (Hindi and English).
• Shukla SM And Gupta SP, Advanced Accountancy, Sahitya Bhawan Publication (Hindi and English).
• Jaiswal K S, Corporate Accounting, Both English And Hindi, Shukla MC Grewal.
• Gupta, K.G, Corporate Accounting, KG Publications, Modinagar.

Course Content

1. Unit I

   17 Lectures

   Indirect Tax: Meaning, Features, Difference Between Direct and Indirect Tax, Types of Indirect Tax Before GST, Shortcoming of Indirect Tax System During Pre GST Era. GST Meaning, Advantages, Disadvantages, Evaluation of GST, Structure of GST, CGST, SGST, IGST, UTGST, and Important Definition Under GST Act.

2. Unit II

   16 Lectures

   Time of Supply: Meaning of Goods and Services, TOS Under Reverse Charge Mechanism, Invoicing Provisions, Provisions Related With Change, Changes in GST Rate.

   Place of Supply: POS Meaning, POS of Goods and Services, Intra state and Interstate Supply.

   Value of Supply: Meaning, Provisions Related With Determination of Value of Supply of Goods and Services, Determination of GST Liability.

3. Unit III

   25 Lectures

   Input Tax Credit ITC: Meaning of Utilization of ITC, Block Credit, Supply Not Eligible for ITC, Matching, Reversal and Reclaim of ITC. Payment Under GST: Manner of Payment of GST Liability, Concept of Electronic, Cash Credit and Liability Ledger, Refund of Excess GST. Return: Meaning, Purpose and Importance, Different Types of Return, Due Date of Filing Return. Assessment Under GST: Meaning, Types, Sales Assessment, Provisional Assessment, Summary Assessment, Best Judgment Assessment.

4. Unit IV

   17 Lectures

   Registration: Meaning of Final Registration, Compulsory Registration, and Procedure for New Registration, Amendment and Cancellation of Registration. Accounts and Records: Manner of Maintenance of Accounts, Period of Retention of Relevant Records. Invoice: Format, Types, Debit and Credit Note, Voucher. Audit: Meaning, Types- Mandatory, Departmental and Specific Audit, Penalty and Under GST, E-Way Bill.

Suggested Readings

• Malhotra and Agarwal, Goods and Services Tax, Agra India, Sahitya Bhawan Publication (English and Hindi).
• Agarwal Raj, Advanced Handbook on GST: Background Material on Model GST Law, Sahitya Bhawan Publications.
• Bansal K. M., GST Customer Law, Taxmann Publication Private Limited, University edition.
• RK Singh PK, A Bird's Eye View of GST, Asia Law House.
• Singhania VK, Student's Guide to GST and Customs Law, Taxmann Publication Private Limited, University edition.
• Gupta & Maheshwari, Tyagi, Goods and Services Tax, SBPD Publishing House, Agra.
• Babu, Deepak: GST: A Revolution on Indian Tax System, ISARA Solutions, New Delhi.

Course Content

1. Unit I

   17 Lectures

   Management Accounting- Concept, Meaning, Characteristics, Difference between Financial Accounting and Management Accounting, Difference between Cost Accounting and Management Accounting, Techniques, Objectives and Importance. Management Accountant- Duties, Status, Functions and Responsibility. Financial Statement Analysis and Interpretation, Parties Interested in Financial Statement, Financial Analysis - Horizontal, Vertical and Trend Analysis.

2. Unit II

   16 Lectures

   Ratio Analysis: meaning, Utility, Classification of Ratios - Profitability Ratio, Activity Ratio and Financial Position Ratios. Fund Flow and Cash Flow Statement- Concept, Meaning of the term Fund and Preparation of Fund Flow Statement and Cash Flow Statement (AS-3).

3. Unit III

   22 Lectures

   Budgeting: Meaning of Budget and Budgeting, Objectives, Limitations and importance, Essentials of effective Budgeting, Classification of Budgets- Flexible budget and Zero Based Budget. Marginal Costing: Meaning, Determination of Profit under Marginal Costing, Pricing of Product, make or buy Decision, Selection of most profitable channel. Break Even Analysis: Concept and Practical Applications of Break even Analysis.

4. Unit IV

   20 Lectures

   Standard Costing and Variance Analysis: Meaning and Objectives of Standard Costing, Setting of Standard, Variance Analysis: Material and Labour Variance. Reporting to Management: Meaning, Objectives, Principles of Reporting, Importance of Reports, Classification of Reports, Reporting at different Levels of Management.

Suggested Readings

• Horngren, C.T., Gary L. Sundem and William O. Stratton: Introduction to Management Accounting, Prentice Hall of India, Delhi.
• Horngren, Charles T., George Foster and Srikant M. Datar; Cost Accounting: A Managerial Emphasis, Prentice Hall of India, Delhi.
• Lall, B.M. and I.C. Jain: Cost Accounting: Principles and Practice, Prentice Hall of India, Delhi.
• Welsch Glenn A., Ronald W. Hilton and Paul N. Gordon, Budgeting, Profit Planning and Control, Prentice Hall of India, Delhi.
• Baig Nafees: Cost Accounting, Rajat Publications, New Delhi.
• Baig Nafees: Management Accounting & Control, Ashish Publishing Home, New Delhi.
• Sharma R.K. and Gupta S.K., Management Accounting, Kalyani Publishers, Ludhiyana. (Hindi and English)
• Lal Jawahar: Managerial Accounting, Himalya Publishing House, New Delhi.
• Misra, A.K., Management Accounting, (Hindi and English) Navneet Prakashan, Nazibabad.
• Gupta, K.G, Management Accounting, K.G Publications, Modinagar.

Course Content

1. Unit I

   17 Lectures

   Audit and Audit Process: Meaning, Nature, Objectives and Various Classes of Auditing, Standards of Auditing, Pronouncements on accepted Auditing practices, Internal Control and the need for its evaluation by the Auditor.

   Methodology of Accounting, Auditing and Fraud and risk management in Kautilya's Arthshastra.

2. Unit II

   15 Lectures

   Audit Procedures: Verification programme- selective verification, Audit in depth, test checking, Auditor's Approach to statistical sampling, Routine checking, vouchers, verification and valuation of assets and liabilities, Auditor's Report on Profit and Loss Account and Balance Sheet.

3. Unit III

   19 Lectures

   Audit of Limited Companies: Qualifications and Appointment of Company Auditors, their powers, duties and liabilities as per Companies Act 2013, Audit of share capital, share transfer and managerial remuneration, Additional matters in the Auditor's Report under CARO.

4. Unit IV

   24 Lectures

   Audit of Public Sector Undertaking and Banks: Special features concerning Audit of departmental undertakings, Statutory Corporations and Government Companies, Procedure of appointment of Auditors, Special features relating to the audit of Banks, Audit of Insurance Companies and audit of non-profit companies.

   Cost Audit: Importance of cost audit, Provisions regarding cost audit, Cost Audit report, Tax and Social Audit.

   Internal Audit: Objective and scope of Internal Audit, Responsibilities and Authority of Internal Auditors, Relationship between internal auditor and statutory auditor.

Suggested Readings

• Gupta Kamal: Contemporary Auditing, TATA Mc Graw, New Delhi.
• Tandon, B.N.: Principles of Auditing, S. Chand & Company, New Delhi.
• Pargare Dinkar: Principles and practices of Auditing, Sultan Chand, New Delhi.
• Sharma, T.R.: Auditing Principles and Problems, Sahitya Bhawan, Agra. (Hindi and English)
• Yadav, Pankaj, Auditing, Neel Kamal Prakashan, Delhi (Hindi and English).
• Sharma, Sanjeev, Auditing: MK Publications, Agra (Hindi and English).