B.Com (Hons.

) CBCS

B. Com. (Hons.)
Syllabus

Choice Based Credit System (CBCS)

Utkal University
Bhubaneswar
 B.Com (Hons.) CBCS

UTKAL UNIVERSITY
Three-Year (6-Semester) CBCS Programme (B.Com. Hons.)

Credit
Course Structure
Points
Semester I
1.1 Environmental Studies/ Science AECC-1 2
1.2 Financial Accounting Core -1 6
1.3 Business Law Core -2 6
1.4 Micro Economics GE-1 6
Total 20
Semester II
2.1 Business Communication (Language-English/Hindi/MIL) AECC-2 2
2.2 Business Organization and Management Core -3 6
2.3 Corporate Laws Core -4 6
2.4 Business Statistics GE-2 6
Total 20
Semester III
3.1 Business Mathematics Core-5 6
3.2 Income-tax Law and Practice Core -6 6
3.3 Human Resource Management Core -7 6
3.4 Macro Economics GE-3 6
3.5 E-Commerce SEC-1 2
Total 26
Semester IV
4.1 Indirect Tax Core -8 6
4.2 Cost and Management Accounting Core -9 6
4.3 Computer Applications in Business Core -10 6
4.4 Indian Economy - Performance and Policies GE-4 6
4.5 Entrepreneurship SEC-2 2
Total 26
Semester V
5.1 Corporate Accounting Core -11 6
5.2 Principles of Marketing Core -12 6
5.3 DSE-1 (Any one of the following) DSE-1 6
A. Accounting and Finance Financial Markets , Institution and
Services
B. Banking and Insurance Indian Banking and Insurance
System
C. Financial Markets Indian Financial System
5.4 DSE-2 (Anyone of the following) DSE-2 6
A. Accounting and Finance Financial Statement Analysis and
Reporting
B. Banking and Insurance Merchant Banking and Financial
 B.Com (Hons.) CBCS
Services
C. Financial Markets Financial Institutions and Services
Total 24

Semester VI
6.1 Auditing and Corporate Governance Core -13 6
6.2 Fundamentals of financial Management Core-14 6
6.3 DSE-3(Any one of the following) DSE-3 6
A.Accounting and Finance Corporate Tax Planning
B. Banking and Insurance Fundamentals of Investment
C. Financial Markets Financial Market Operations
6.4 Business Research Methods and Project Work 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
B.Com (Hons.) CBCS
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

knowledgeof 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 12 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 10 Lectures

i. Measurement of business income-Net income: the accounting period, the
continuity doctrine and matching concept. Objectives of measurement and
revenue recognition.
ii. DepreciationAccounting: 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)

iii. 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 and Installment Systems10 Lectures

Concepts of operating and financial lease (theory only) Departmental
Accounting and Branch Accounting including foreign branch (Theory and
B.Com (Hons.) CBCS
Problem)
Unit 5.Accounting for Partnership Firm15 Lectures
Accounting of Admission of partner, Retirement and Death of partner and
Dissolution of the Partnership Firm Including Insolvency of partners

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
CharteredAccountants of India, New Delhi
B.Com (Hons.) CBCS

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

Paper 1.3: BUSINESS LAW

Duration: 3 hrs. Marks: 100Lectures: 65

Objective: The objective of the course is to impart basic knowledge of the

important businesslaws 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

Unit II: The Indian Contract Act, 1872: Specific Contracts13 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
B.Com (Hons.) CBCS
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

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

Paper – 1.4 : MICRO ECONOMICS

Duration: 3 hrs. Marks: 100Lectures: 65

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.
B.Com (Hons.) CBCS
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, 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)

Duration: 3 hrs. Marks: 50 Lectures: 30

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,

B.Com (Hons.) CBCS
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
B.Com. (Hons.): Semester - II
Paper – 2.2: BUSINESS ORGANIZATION AND MANAGEMENT

Duration: 3 hrs. Marks: 100Lectures: 65

Objective: The course aims to provide basic knowledge to the students about the
organisation andmanagement of a business enterprise.

Contents
Unit IFoundation 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 ControlLectures: 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.
B.Com (Hons.) CBCS

Unit IV: Functional Areas of ManagementLectures: 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, New

Delhi
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.
i) Burton Gene and Manab Thakur; Management Today: Principles and
Practice; Tata McGraw Hill, New Delhi.
j) Griffin, Management Principles and Application, Cengage Learning

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

Paper 2.3: CORPORATE LAWS

Duration: 3 hrs. Marks: 100Lectures: 65

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)
B.Com (Hons.) CBCS

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.

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

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

Paper – 2.4: BUSINESS STATISTICS

Duration: 3 hrs. Marks: 100Lectures: 65

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
B.Com (Hons.) CBCS
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 2Lectures: 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 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:

10Components 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.
B.Com (Hons.) CBCS
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

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:
B.Com (Hons.) CBCS

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.

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

Paper 3.2: INCOME TAX LAW AND PRACTICE
Duration: 3 hrs.Marks: 100Lectures: 65

Objective:To provide basic knowledge and equip students with the application of
principles and provisions of Income Tax Act 1961

Unit I13 Lectures

Basic concept: Income, agricultural income, person, assessee,assessment year,
previous year, gross total income, totalincome,Maximum marginal rate of
tax.Permanent Account Number (PAN), Residential status; Scope of total income on
the basis of residentialStatusExempted income under section 10

Unit IIComputation of income under different heads20 Lectures

- Salaries
- Income from house property

Unit IIIComputation of income under different heads12 Lectures

- Profits and gains of business or profession
- Capital gains
- Income from other sources
Unit IVTotal income and tax computation17 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
B.Com (Hons.) CBCS
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

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

Paper 3.3: HUMAN RESOURCE MANAGEMENT

Duration: 3 hrs. Marks: 100Lectures: 65

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;

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.
B.Com (Hons.) CBCS
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.

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

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.

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,
 B.Com (Hons.) CBCS
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.

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

Paper 3.5: E-Commerce
Duration: 3 hrs. Marks: 50 Lectures: 30

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.

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.) CBCS

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

Paper 4.1: INDIRECT TAXES

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide basic knowledge and equip students with application

ofprinciples and provisions of Service Tax, VAT, Central Excise, and Customs Laws.
Contents:

Unit 1: Service tax (40 Lectures)

Service tax – concepts and general principles, Charge of service tax and taxable
services, Valuation of taxable services, Payment of service tax and filing of returns,
Penalties, CENVAT Credit.

Unit 2: VAT (5 Lectures)

VAT – concepts and general principles, Calculation of VAT Liability including input
Tax Credits, Small Dealers and Composition Scheme, VAT Procedures

Unit 3: Central Excise (10 Lectures)

Central Excise Law in brief – Goods, Excisable goods, Manufacture and

Manufacturer, Valuation, CENVAT, Basic procedures, Export, SSI, Job Work

Unit 4: Customs laws (10 Lectures)

Basic concepts of customs law, Territorial waters, high seas, Types of custom duties –
Basic, Countervailing & Anti- Dumping Duty, Safeguard Duty, Valuation, Customs
Procedures, Import and Export Procedures, Baggage, Exemptions

Suggested Readings:
1. Singhania Vinod K. and Monica Singhania, Students’ Guide to Indirect Taxes,
Taxmann Publications Pvt. Ltd., Delhi.
2. V.S. Datey. Indirect Tax Law and practice, Taxmann Publications Pvt. Ltd., Delhi,
Latest edition.
3. Sanjeev Kumar. Systematic Approach to Indirect Taxes, Latest edition.
4. S. S. Gupta. Service Tax -How to meet your obligation Taxmann Publications Pvt.
Ltd., Delhi, Latest edition.
5. Grish Ahuja & Dr. Ravi Gupta, Indirect Taxes, Flair Publication Pvt. Ltd.
B.Com (Hons.) CBCS

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

Paper 4.2: COST AND MANAGEMENT ACCOUNTING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To acquaint the students with basic concepts used in cost and
managementaccounting 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.
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
B.Com (Hons.) CBCS
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
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

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

Paper – 4.3: COMPUTER APPLICATIONS IN BUSINESS

Duration: 3 hrs. Marks: 100 Lectures: 65

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,
 B.Com (Hons.) CBCS
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
• 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

There shall be a practical examination of 100 Marks (Practical-70 Marks, Viva-10

Marks and Work Book- 20 Marks) and duration of Examination shall be 3 Hrs.
B.Com (Hons.) CBCS

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

Paper 4.4: INDIAN ECONOMY – PERFORMANCE AND POLICIES

Duration: 3 hrs. Marks: 100 Lectures: 65

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.
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.
B.Com (Hons.) CBCS

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.
B.Com (Hons.) CBCS
B.Com. (Hons.): Semester - IV
Paper 4.5: Entrepreneurship

Duration: 3 hrs. Marks: 50 Lectures: 30

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:

1. Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage

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
B.Com (Hons.) CBCS
Delhi: Viva Books Limited. ISBN-81-7649-272-8.
B.Com (Hons.) CBCS
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

Duration: 3 hrs. Marks: 100 Lectures: 65

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.

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
B.Com (Hons.) CBCS
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

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

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; 6
1. Evolution Lectures
of marketing concepts; Marketing mix, Marketing environment.
5
2. Consumer Behavior – An Overview: Consumer buying process; Lectures
Factors influencing consumer buying decisions.
Unit II
Market Selection: Market segmentation – concept, importance 6
3. and Lectures
bases; Target market selection; Positioning concept, importance
and
bases; Product differentiation vs. market segmentation.
Product: Meaning and importance. Product classifications; 9
4. Concept Lectures
of product mix; Branding, packaging and labeling; Product-
Support;
Product life-cycle; New Product Development.
Unit III
6
5. Pricing: Significance. Factors affecting price of a product. Pricing Lectures
Policies and strategies.
6
6. Promotion: Nature and importance of promotion; Communication Lectures
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
7. Distribution: Channels of distribution - meaning and importance; Lectures
Types of distribution channels; Wholesaling and retailing; Factors
affecting choice of distribution channel; Physical Distribution.
B.Com (Hons.) CBCS
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.
Dhanpat Rai & Company.
9. The Consumer Protection Act 1986.
10. Iacobucci and Kapoor, Marketing Management: A South Asian Perspective.
Cengage Learning.

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

Paper 5.3 (a): Financial Markets, Institutions and Services

Duration: 3 hrs. Marks: 100 Lectures: 65

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:
B.Com (Hons.) CBCS
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)

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
B.Com (Hons.) CBCS

Paper 5.3 (B): INDIAN BANKING AND INSURANCE SYSTEM

Duration: 3 hrs. Marks: 100 Lectures: 65

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.

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.
B.Com (Hons.) CBCS
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

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives:
To enable the students to understand the basic knowledge about the structure,
organization and working of financial system in India.
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.
B.Com (Hons.) CBCS
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

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives:
To enable the students to understand the basic knowledge about the financial
statement analysis and reporting for economic decision making.

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
B.Com (Hons.) CBCS
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.

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

Duration: 3 hrs. Marks: 100 Lectures: 65

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
B.Com (Hons.) CBCS
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.

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

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives:
B.Com (Hons.) CBCS
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
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

B.Com (Hons.) CBCS
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

Duration: 3 hrs. Marks: 100 Lectures: 65

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
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)
B.Com (Hons.) CBCS

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
B.Com (Hons.) CBCS
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

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To familiarize the students with the principles and practices of financial management.

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.
B.Com (Hons.) CBCS
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

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

Paper 6.3 : BUSINESS RESEARCH METHODS AND PROJECT WORK

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: This course aims at providing the general understanding of business research andthe 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 andother 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.

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

Paper 6.4 (A): CORPORATE TAX PLANNING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide Basic knowledge of corporate tax planning and its impact ondecision-making.
B.Com (Hons.) CBCS

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
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.
B.Com (Hons.) CBCS
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

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

Paper 6.4 (B): FUNDAMENTALS OF INVESTMENT

Duration: 3 hrs. Marks: 100 Lectures: 65

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.
 B.Com (Hons.) CBCS

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.
B.Com. (Hons.): Semester - VI
Paper 6.4 (C): FINANCIAL MARKET OPERATIONS

Duration: 3 hrs. Marks: 100 Lectures: 65

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:
B.Com (Hons.) CBCS
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.