ANNAMALAI UNIVERSITY

ANNAMALAI NAGAR

HAND BOOK

M.Com. (CBCS)

ACCOUNTING & FINANCE

With effect from 2013-2014

 M.Com – (Accounting and Finance)
REGULATIONS

I ELIGIBILITY FOR ADMISSION

A pass in B.Com. or B.Com. (C.A.) or (e – Commerce) or B.B.A. or B.A.

Corporate Secretaryship or B.B.M or B.B.M.(C.A) or B. Co-operation or B.A. Co-
operation or B.A. Bank Management or M.B.A. Degree examination or any other
examination accepted by the Syndicate as equivalent thereto with not less than 40% of
marks in the main subject.

II PROGRAMME

Duration : Two Academic years – Full Time

July to April

Medium of Instruction : English

An academic year is apportioned into two semesters. The normal semester

periods are

ODD Semester July to November (I and III Semesters)

EVEN Semester December to April (II and IV Semesters)

The PG programme will have two categories of courses in each semester, namely

i. CORE: Core courses are basic courses required for each programme. Each
Semester will have four core courses

ii. ELECTIVE: Each department shall offer one elective in each semester open to
all the students of three faculties namely Arts, Education and Indian Languages.
Each student will select an elective from a list of electives offered by other
departments.

iii. COURSE COMBINATION: Each course is designed variously under lectures /

tutorials / laboratory work / seminar / project work / practical training / report
writing / viva voce etc., to meet effective teaching and learning needs and credits
are assigned suitably.
COURSE WEIGHT:
Core and Elective courses may carry different weights. A course carrying one
credit for lecture will have instruction of one period per week, during the semester. If
four hours of lecture is necessary in each week for that course then three credits will be
the weightage. Thus normally in each of the course, credits will be assigned on the basis
of lectures/ tutorials/ laboratory work and other forms of learning in a 15 weeks schedule.
a) One credit for each lecture period per week
b) One credit for each tutorial per week
c) One credit for three periods of laboratory or practical per week
d) One credit for three contact hours of project work in a week
e) One credit for every two periods of seminar
f) Six credits for project work / dissertation.

III Credits for M.Com. (Accounting and Finance) Course for each semester will be as
follows
Course
Name of the Course Credit
Code
FIRST SEMESTER
COAC-101 Advanced Financial Accounting 5
COAC-102 Cost Control Techniques 5
COAC-103 Management of Assets & Finance 4
COAC-104 Principles of E-Commerce 4
COME-105 *Elective Consumerism 4
SECOND SEMESTER
COAC-201 International Financial Management 5
COAC-202 Management of Funds 4
COAC-203 Financial Control System 4
COAC-204 Internet and its Applications 4
COME-205 *Elective Small Business Management 4
THIRD SEMESTER
COAC-301 Advanced Corporate Accounting 5
COAC-302 Income Tax Law & Practice – I 5
COAC-303 Financial Control System 4
COAC-304 Information Technology & Standards 4
COAC-305 *Elective Entrepreneurial Development 4
COME-306 Soft Skills 4
FOURTH SEMESTER
COAC-401 Income Tax Law & Practice – II 5
COAC-402 Investment & Portfolio Management 4
COAC-403 Accounting for Decision Making 4
COAC-404 Institutional Training / Industrial Law 4
COME-405 *Elective Business Law 4
*Elective Courses – Offered by the Commerce
Department to Students of other departments
Total 90
IV SYLLABUS

Syllabus of courses shall be as determined by the university from time to time

and there shall be five units in each course.

V EVALUATION

Evaluation will be done on a continuous basis and will be consolidated three

times during the course work. First evaluation will be in the 6th week, second in the 11th
week and the End Semester examination in the 17th week. Evaluation may be by
objective type questions, quiz, short answer, essays, seminar or assignment or a
combination of these. The first two are internal tests and 5 sessional marks are awarded
for each of the tests, making a total of 25%. The end semester examination will be held
by the university for 75% of marks. The written examination will be of essay type only.

A. INTERNAL ASSESSMENT

BREAK-UP MARKS FOR INTERNAL ASSESSMENT EVALUATION

Tests (2×5) 10 Marks

Assignment, 5 Marks
Seminar/ Quiz/ Case study/ Role play 5 Marks
Attendance 5 Marks
Total 25 Marks

B. GRIEVANCE PROCEDURE:

For attending to grievances of the students over internal assessment, in every

department there will be a committee consisting of three members (HOD and two senior
teachers from the department).

C. TERM END EVALUATION

PASSING MINIMUM:
A candidate will have to secure a minimum of 50% of marks in the external
assessment with an aggregate of 50% of the total for passing each course.

Internal : 25 marks

External : 75 marks- Maximum 75 marks; Minimum 50% (i.e. 38 marks)

Aggregate for passing 50% (i.e. 50 marks)

Internal evaluation will be done by the concerned teacher teaching the subject and
the university written examination will be evaluated by eligible examiners, both internal
and external examiners (double valuation).
SCHEME OF EXAMINATIONS

Course Code Name of the Course Duration Hours Max. Marks

FIRST SEMESTER

COAC-101 Advanced Financial Accounting 3 75

COAC-102 Cost Control Techniques 3 75
COAC-103 Management of Assets & Finance 3 75
COAC-104 Principles of E-Commerce 3 75
COME-105 *Elective Consumerism 3 75

SECOND SEMESTER

COAC-201 International Financial Management 3 75

COAC-202 Management of Funds 3 75
COAC-203 Financial Control System 3 75
COAC-204 Internet and its Applications 3 75
COME - 205 *Elective Small Business Management

THIRD SEMESTER

COAC-301 Advanced Corporate Accounting 3 75

COAC-302 Income Tax Law & Practice – I 3 75
COAC-303 Information Technology & Applications 3 75
COAC-304 Professional Accounting & Standards 3 75
COAC-305 *Elective Entrepreneurial Development 3 75
COME-306 Soft Skills 3 75

FOURTH SEMESTER

COAC-401 Income Tax Law & Practice – II 3 75

COAC-402 Investment & Portfolio Management 3 75
COAC-403 Accounting for Decision Making 3 75
COAC-404 Institutional Training / Industrial Law 3 75
COME-405 *Elective Business Law 3 75

*Elective Courses – Offered by the

Commerce Department to Students of other departments

The question paper is to be divided into three sections.

Section-A is to carry 20 marks, Section- B – 25 marks and Section C – 30 marks

Section A will contain 10 questions, each carrying 2 marks.

Section B will contain 5 questions with internal choice, each carrying 5 marks.

Section C will contain 3 questions with internal choice, each carrying 10 marks.

VI. CALCULATION OF OVERALL GRADE POINT AVERAGE:

The results of the evaluation shall be provided on a grading system. Over all
grade point average shall be calculated only if a student acquires a minimum of 81 credits
and shall be calculated as follows

The grade points obtained by the candidate (sum of internal and external marks) in
a course are multiplied by the credit assigned to the course. Such weighted points for all
the courses are added and divided by the total credits acquired (minimum 81 credits).

GRADING:

A ten point rating scale is used for the evaluation of the performance of the
student and is provided a letter grade or each course and overall grade for the Master’s
Programme. The letter grade assigned is given below

MARKS GRADE POINT LETTER GRADE CLASS

91+ 10 S Exemplary

85-89 9.0 D++ Distinction

80-84 8.5 D+ Distinction

75-79 8.0 D Distinction

70-74 7.5 A++ First Class

65-69 7.0 A+ First Class

60-64 6.5 A First Class

55-59 6.0 B Second Class

50-54 5.5 C Second Class

49 or LESS ----- F Fail

VII. MINIMUM AND MAXIMUM NUMBER OF CREDITS A STUDENT MAY

REGISTER IN A SEMESTER
 A student should register for a minimum of 20 credits and the maximum may be
24 credits per semester.

VIII. ATTENDANCE:

Those who have earned a minimum of 80% attendance can appear for the
University Examinations.

Those with an attendance of 75% to 79% can appear for university examination
after obtaining condonation from the university upon payment of a condonation fee as
prescribed by the university.

Those with less than 75% of attendance will not be permitted for the university
examination. They shall repeat the course.

IX. MINIMUM AND MAXIMUM PERIOD FOR COMPLETION OF THE COURSE:

For 2 years programme the minimum is 4 semesters and the maximum is 8

semesters, for completing the courses.

X. WITHDRAWAL FROM THE COURSE BY THE STUDENT:

A student is allowed to withdraw from an elective course within 2 weeks from the
date of commencement of the semester.

XI. MONITORING COMMITTEE:

The Grievance Committee will act as the Monitoring Committee in the

department, which will be responsible for the successful operation of the CBCS.

XII. INSTITUTIONAL TRAINING:

The students may be deputed to attend an Institutional Training Programme for 45

days during the First year Summer Holidays to work in selected Institutions/ banks/
cooperative societies. The teachers of the department will make periodical visits to
monitor the progress of the students. They have to s submit a Training Report during
Fourth Semester for further processing. This programme aims to impart practical
knowledge to the students in institutions of high repute.
 I Semester – Course 1
COAC – 101: ADVANCED FINANCIAL ACCOUNTING

Objective
To train the students to grasp the principles of the various branches of accounting and
solve advanced problems relating to these.
( Total lecture Hours 80 )
Unit – I : Admission and Retirement ( 16 hours )
Admission and Retirement of Partners – Revised values of Assets and Liabilities not to
be recorded in Accounts.

Unit – II : Dissolution ( 17 hours )

Death of a partner. Dissolution of Partnership – Decision in Garner Vs.Murray.
Piecemeal distribution of Cash – Maximum possible loss method – Amalgamation of
Firms - Sale of Firms.

Unit – III : Branch Accounts ( 17 hours )

Meaning – Types of branches – Dependent branches – Accounting in respect of
dependent branches – Debtors systems – Goods invoiced at cost and selling price – Stock and
Debtors system.

Unit – IV : Departmental Accounts ( 14 hours )

Meaning of Department and Departmental accounting – Distinction between Department
and Branches – Methods and techniques of departmental accounting.

Unit – V : Hire Purchase Accounts ( 16 hours )

Meaning – Accounting treatment for Hire Purchase system – Default and Repossession –
Hire Purchase Trading Account – Debtors method – Stock and debtors system.

TEXT BOOKS
1. Gupta R.L & Radhaswamy,M – Advanced Accounts vol.I ; Sultan Chand & Sons, New
Delhi, 2002
2. Iyengar, S.P. – Advanced Accounting,Sultan Chand & Sons, New Delhi, 2003
3. Jain SP & Narang KL – Advanced Accountancy, Part-I, Kalyani Pub., Ludhiyana, 2000
4. Mukerjee & Haneef – Modern Accounting, Tata MacGraw Hill Pub., New Delhi, 2000
5. Shukla. MC , Grewal TS – Advanced Accounts Vol.I,S. Chand & Sons, New Delhi, 2001
6. Subrata Mukerjee & Anjan Bhattacharya – Advanced Practical Accounts, S. Chand &
Co., New Delhi, 2003
REFERENCE BOOKS

1. Maheswari, SN – Advanced Accounting, Sultan Chand & Sons, N.Delhi, 2002

2. Monga, JR, Ahuja, Grish & Sehgal Ashok – Financial Accounting, Mayur paper
Bacls, Noida.
3. Vinayagam, N&Charumathi, B- Financial Accounting, Sultan &Sons, New Delhi
2000.
4. Ashok Shegal & Deepak Shegal – Advanced Accounting (Financial Accounting),
Taxman Publications, NewDelhi 5th Edition 2001.
 I Semester – Course 2
COAC – 102 : COST CONTROL TECHNIQUES
Objective
To make the students to gain an expert knowledge of costing systems and cost control
methods and their application by way of solving problems. However professional level
knowledge is not expected of them. (Total Lecture Hours 80 )

Unit - I : Material and Labour Cost (17 hours )

Material Cost Control – Meaning, Requirements, advantages - Labour Cost Control –
Labour Turnover, causes– Wages analysis, Treatment of Idle Time, Overtime, Leave Pay etc.,

Unit – II : Overhead (20 hours )

Overhead – Problem and Classification. Procedure for linking overheads to cost.
Apportionment and Reapportionment - Absorption methods.

Unit – III : Methods of Costing (16 hours )

Job Costing – Nature, Purpose, Procedure. Unit Costing – Principles involved. Contract
Costing – Nature, recording costs, value and profit on contracts – Types of contracts.

Unit – IV : Process Costing (11 hours )

Process Costing - Nature and problems - Treatment of Normal loss, Abnormal Loss and
Abnormal gain.

Process having W.I.P. – Ascertainment of value.

Unit - V : By Product Costing and Operating Costing (16 hours )

Costing of Joint products and by-products. Nature and accounting.

Operating costing – Nature and Problems – Operating Costing in Transport undertakings.

Note: Questions will be raised in the proportion as 20% Theory (Unit I only) and 80%
Problem

TEXT BOOKS
1. Iyengar, S.P. – Cost Accounting Principles and Practice, Sultan Chand & Sons, New
Delhi, 2002
2. Jain SP & Narang KL – Cost Accounting- Principles and Practice, Kalyani Pub.,
Ludhiyana,2001
3. Maheswari, S.N. – Fundamentals of Cost Accounting, Sultanchand & Sons, New Delhi,
2001
REFERENCE BOOKS

1. Lall Nigam, B.M. & Jain I.C. - Cost Accounting Principles and Practice,Prentice
Hall of India, New Delhi, 2000
2. Dasgupta,P – Studies in Cost Accounting, Premier Book Co., New Delhi, 1998
3. Ravi M.Krishore – Cost Accounting, Taxmann Pub., New Delhi, 2003
4. Saxena,V.K & Vashist,C.D – Cost Accounting, Sultan Chand & Sons., New Delhi,
2002
 I Semester – Course 3
COAC - 103: MANAGEMENT OF ASSETS AND FINANCE
Objective
To enable the students to obtain expertise in principles of financial management with
specific reference to long term assets.
( Total lecture Hours 80 )

Unit – I : Financial Management ( 17 hours )

Principles, Nature and Scope – Objectives - Functions.

Unit – II : Investment Decision ( 17 hours )

Nature of Investment Decisions – Types – Capital Budgeting – Methods of

ranking investment proposals – Traditional tools-Evaluation.

Unit – III : Modern Tools of Appraisal. ( 14 hours )

Risk adjusted tools - Certainty equivalent approach, Sensitivity analysis

and Capital rationing.

Unit – IV : Capital Structure Decisions ( 16 hours )

Meaning of Capital Structure – Features – Determinants- Theories of Capital

Structure – Leverage decisions.

Unit – V : Cost of Capital and Dividend Decisions ( 16 hours )

Cost of Capital - Definition - Significance – Components – Calculation of cost

of capital.– Dividend decisions – Policies, Determinants, Theories.

Note: Questions will be raised in the proportion as 60% Theory and 40% Problems
(unit III and IV)

TEXT BOOKS

1. Chandra, P – Financial Management, Tata MacGraw Hill, New Delhi, 2003

2. Khan, MY & Jain PK – Financial Management -Text and Problems, Tata McGraw Hill
Pub. Com. Ltd., New Delhi, 2000
3. Maheswari, SN – Principles and Practice of Financial Management, Sultan Chand &
Sons, New Delhi, 2003.
4. Mohan Rao, P –Financial Management New Methods and Practices, Deep & Deep Pub.
Ltd., New Delhi, 2001.
5. Ravi M. Kishore – Financial Management, Tax Man Publications Ltd., New Delhi, 2003
REFERENCE BOOKS

1. Keown Maretin, Petty & Scott - Financial Management Principles and Application,
Prentice Hall of India Ltd., New Delhi, 9th Ed., 2002
2. Van Horne – Financial Management and Policy.Pearson Education, Delhi 2004.
 I Semester – Course 4

COAC – 104 : PRINCIPLES OF E-COMMERCE

Objective
This subject seeks to develop in the students knowledge of Electronic-Commerce and Web
Designing for the application in the area of Business and Financing decisions.
( Total lecture Hours 80 )

Unit – I : Basics ( 16 hours )

Electronic Commerce Framework.Traditional vs. Electronic Business Applications. The
Anatomy of E-Commerce Applications.

Unit – II : Architectural view ( 16 hours )

Network Infrastructure for E-Commerce Components of the I-way-Global Information
Distribution Networks – Public Policy Issues Shaping the I-way. The Internet as a Network
Infrastructure. The Business of the Internet Commercialization.

Unit – III : Security levels ( 17 hours )

Network Security and Firewalls – Client Server Network Security – Firewalls and
Network Security – Data and Message Security – Encrypted Documents and Electronic -Mail.

Unit – IV : Application ( 17 hours )

Electronic Commerce and World-Wide-Web, Consumer Oriented E-Commerce,
Electronic Payment Systems, Electronic Data Interchange (EDI), EDI Applications in Business,
EDI and E-Commerce – EDI Implementation.

Unit – V : Advanced concepts ( 14 hours )

Intra-organizational Electronic Commerce - Supply Chain Management. Electronic
Commerce Catalogues - Document Management and Digital Libraries.

TEXT BOOKS

1. Kalakota, R and Whinston, AB - Frontiers of Electronic Commerce, Addison Westey,

2002
2. David Kosiur, understanding Electronic Commerce, Microsoft Press, 2002
3. Saily Chan & John Wiley - Electronic Commerce Management, Tata McGraw Hill, New
Delhi, 2000
4. Soka, From EDI to Electronic Commerce, Tata McGraw Hill, New Delhi, 2002
REFERENCE BOOKS

1. Parag Diwan & Sunil Sharma – “E-Commerce A Managerial guide to

E-Business” Deep & Deep Pub., 2000

2. Agarwal Kamalesh N & Agarwal Deeksha _ Business On the Net – Introduction

to the Electronic Commerce, Mc Millan India Pub, New Delhi 2000.
 II Semester – Course 1
COAC - 201: INTERNATIONAL FINANCIAL MANAGEMENT

Objective
To make the students gain expert knowledge of International Financial Environment and
process of foreign exchange management.
( Total lecture Hours 80 )

Unit – I : Introduction ( 20 Hours )

International Business - Growth of Multinational Corporations – Process of Overseas

Expansion – Establishing Organisation for MNCs – International Finance - Importance, Scope,
Objective – Risk-Return-Trade-Off - The Emerging Challenges.

Unit – II : International Financial Environment ( 15 Hours )

International Monetary System –International Financial System – Conditions in

International Finance.

Unit – III : Foreign Exchange Market ( 15 Hours )

The Law of One Price – Purchasing Power Parity, the Fishers Effect. The International
Fishers Effect, Interest Rate Parity.

Unit – IV : Exchange Risk and Management ( 18 Hours )

Nature and Measurement of Exposure and Risk – Accounting Exposure, Economic

Exposure – Measurement and Management of Currency Risk, Political Risk, Country Risk.

Unit – V : International Financial Services ( 12 Hours )

Financing of International operations - Special Financing Vehicles – Financial Swaps –

International Leasing – Financing of Foreign Trade.

TEXT BOOKS
1. Avadhani,V.A., - International Finance, Theory and Practical, Himalaya Pub. House,
Mumbai, 2000
2. Bhalla,VK. -International Financial Management, Anmol Pub., New Delhi, 2nd Edi., 2001
3. Levi – International Finance The Markets and Finances of Multinational Business,
McGrawHill, New Delhi, 2001
4. Rite Rodriquez & E.Eugene Carter – International Financial Management, PHI, New
Delhi, 2001.
5. Sharan, V – International Financial Management, PHI, New Delhi, 2000
REFERENCE BOOKS
1. Adrian Buckley – Multinational Finance, Herit Pub, New Delhi, 2001
2. Alan C. Shapiro, Multinational Financial Management, PHI, New Delhi, 4th Edi. 2000
3. Apte, PG -International Financial Management, Tata McGraw Hill, New Delhi, 2001
4. Jain P.K. Jossette Peyyard Surendra Yadav–International Financial Management,
Macmillan India Ltd., New Delhi 1998
5. Batra, G.S. - Globalization of Financial Markets, Deep & Deep Pub.Pvt., New
Delhi,2004
 II Semester – Course 2
COAC – 202 : MANAGEMENT OF FUNDS

Objectives
To make the students gain knowledge of management and estimation of Working Capital
and its components. ( Total lecture Hours 80 )

Unit – I : Working Capital ( 17 hours )

Working Capital – Meaning and Concept.– Need for and Importance of Working Capital
– Determinants of Working Capital – Estimating Working Capital Requirements.

Unit – II : Management of Working Capital ( 16 hours )

Approaches to Working Capital financing and investment – Working capital policy.

Financing of Working Capital - Sources and Conditions.

Unit-III : Cash Management ( 16 hours)

Motives of holding cash – Planning – Cash forecasting methods – Managing cash flows –
Optimum cash balance determination – Cash Budget.

Unit – IV : Receivables Management ( 16 hours )

Credit Policy – Credit policy variables – Steps in granting credit – Control of receivables
– Factoring.

Unit – V : Inventory Management ( 15 hours )

Nature and need for inventory – Objectives of inventory management – Meaning of

inventory control – Inventory control techniques.

Note: Questions will be raised in the proportion as 60% Theory and 40% Problem (Units
III & IV only)

TEXT BOOKS
1. Chandra.P - Financial Management, Tata MacGraw Hill, New Delhi , 2004
2. Forestor, S - Financial Management, Vira Books Ltd., New Delhi, 2004
3. Khan M.Y & Jain P.K – Financial Management Text & Problems., Tata MacGraw Hill,
New Delhi , 2002
4. Maheswari, SN – Principles and Practice of Financial Management, Sultan Chand &
Sons, N.Delhi, 2003
5. Ramamurthy, V – Working Capital Management, Himalaya Pub. Company, Mumbai,
2004
6. Rao P.M. – Working Capital Management, Deep & Deep Pub., New Delhi 2004
 7. Uma Sharma – Working Capital Management, Atlantic Pub., New Delhi, 2004

REFERENCE BOOKS
1. Ravi M.Kishore – Financial Management, Taxman Pub., N. Delhi, 2003.
2. Van Horne, James - Financial Management and Policy, Pearson Education, Delhi 2004.
3. Weston Ifred & Brigham EF – Managerial Finance, Dryden Press, 1999.
 II Semester – Course 3
COAC – 203: FINANCIAL CONTROL SYSTEMS
Objectives
To make the students familiar with the application and practice of control systems and
specifically financial control tools. (Total lecture Hours 80 )

Unit – I : Systems Approach to Financial Control ( 14 hours )

Definition, Meaning, Purpose – Levels of control - Management Control Process.
Accounting Data base in Control.

Unit – II : Responsibility Accounting ( 16 hours )

Responsibility Centers, Revenue Centers. Expense Centers and Profit Centers.

Investment Centers – SBUs.

Unit – III : Transfer Pricing ( 14 hours )

Transfer pricing as a tool of control - Concept of transfer pricing – Methods of transfer

price fixing - Administration of transfer prices – Valuation problems of stock unrealized profit.
Unit – IV : Planning and Control through Budget ( 18 hours )

Budgeting - Meaning and Purpose of Classification. Preparation of Production,

Material, Labour and Sales Budgets – Flexible Budgets.

Budgetary Control – Definition, Meaning – Control Action.

Unit – V : Standard Costing and Variance analysis ( 18 hours )

Standard Cost – Definition, Advantages and Limitations. Variance Analysis – Material,

Labour Overhead, Sales Variances. Control action needed.

Note: Questions will be raised in the proportion as 60% Theory and 40% Problem(Units IV &
V only)

TEXT BOOKS

1. Dutta, M – Management Control System, S.Chand & Co., New Delhi, 2002
2. Robert Antony and Vijay Govindarajan – Management Control Systems, Tata MacGraw
Hill, New Delhi, 2004.
3. Saxena and Vashist – Advanced Cost and Management Accounting, Sultan Chand &
Sons, New Delhi, 2000
4. Sharma R.K & Shashik Gupta- Management Accounting Principles & Practices,
Kalyani Pub., N.Nelhi
 5. Subhash Sharma – Management Control System, Tata McGraw Hill Pub., New Delhi,
2002

Reference Books

1.Colin Drury – Cost and Management Accounting, ELBS with Chapman & Hall, London,
1995
2.Loucy, T –Management Accounting ,ELBS with DP Publications, London, 1994
 II Semester – Course 4

COAC - 204: INTERNET AND ITS APPLICATIONS

Objective
This subject seeks to develop the would be accounting executives with knowledge in
Internet for application in the area of accounting.
(Total lecture Hours 80 )

Unit- I : Internet concepts ( 16 hours )

Introduction – Internet Connection Concepts – Connecting to Dial-up Internet Accounts

– High Speed Connections ISDN, ADSL, and Cable Modes – Intranets Connecting LAN to the
Internet.

Unit- II : E-mail concept ( 16 hours )

E-mail Concepts – E-mail Addressing – E-mail Basic Commands – Sending and

Receiving Files by e-mail – Controlling e-mail Volume – Sending and Receiving Secure e-mail.

Unit - III : Internet services ( 17 hours )

Online Chatting and Conferencing Concepts – E-mail Mailing Lists – Usenet Newsgroup
Concepts – Reading Usenet Newsgroups – Video Conferencing.

Unit - IV : Web concepts and Browsers ( 17 hours )

World-Wide-Web Concepts – Elements of Web – Clients and Servers – URL and TP –

Web Browsers – Netscape Navigator and Communicator-Microsoft Internet Explorer. File
Transfer; Down loading files & FTP concepts.

Unit - V : Search Engines ( 14 hours )

Search Engines – Web Directories – Microsoft Internet Explorer – Searching for

Information – Bigfoot, Infospace, Whowhere, Yahoo- Subscriptions and Channels – Web Sites-
Making use of Web Resources – News and Weather, Sports, Personal Finance and Investing –
Entertainment – Shopping – Travel, Kids, Teems, Parents and Communities, Health and
Medicine, Religion and Spirituality.

TEXT BOOKS

1. Alexis Leon and Mathews Leon- Internet for everyone, Leon Techworld, Chennai,
India,2000.
2. Kamlesh N. Agarwal – Business on the Net, McMillan India Ltd., 2002
 3. Kamlesh N. Agarwal & Prateek A.Agarwal – Web the Net – An introduction to Wireless
application protocal, McMillan India Ltd., 2002
4. Margaret Levine Young-The Complete Reference-Internet”, TMG Pub., New Delhi, 2002.

REFERENCE BOOKS

1. Douglas E.Commer-Computer Networks and Internet, PHI ( Addition Wesley Lonman),

New Delhi, 2001
2. Minoli Daniel – Internet & Internet Engineering , Tata McGraw Hill, NewDelhi, 2002
 III Semester – Course 1

COAC – 301 : ADVANCED CORPORATE ACCOUNTING

Objective

To train the students to grasp the principles of specialised branches of accounting and preparing
them to solve the advanced problems, particularly in the forms prescribed.

( Total lecture hours 80 )

Unit – I : Accounting for Mergers and Reconstruction ( 17 hours )

Accounting treatment for Amalgamation, Absorption and Reconstruction of Companies.

Unit – II : Accounting for Holding Companies ( 17 hours )

Account of Holding Companies – Preparation of Consolidated Balance Sheet ( One

Holding Company running One subsidiary only ).

Unit – III : Accounting of Insurance Companies ( 15 hours )

Preparation of Final Accounts of Life Insurance , Fire Insurance and Marine

Insurance Companies.

Unit – IV : Lease Accounting ( 16 hours )

Definitions – Cash investment, Borrowing rate, Implicit rate, Accounting and

disclosure in the books of lessor and lessee. Lease or borrow decisions.

Unit – V : Miscellaneous Accounting ( 15 hours )

Investment Accounting – Human Resources Accounting – Valuation of Shares

and Goodwill

TEXT BOOKS

1. Arulanandam, M.A. & Raman, K.S. - Advanced Accounting Himalaya Pub. House, New
Delhi, 2000
2. Gupta, R.L.&Rathaswamy, M– Advanced Accountancy, S.Chand & Co., New Delhi, 2001
3. Jain, S.P & Narang, K.L – Advanced Accounting, Vol. II, Kalyani Publishers,
Ludhiyana, 2000
4. Shukla, M.C. & Grewal, T.S.– Advanced Accounts,S.Chand & Co., New Delhi, 2003
5. Jain S.P. & Narang K.L. – Corporate Accounting, Kalyani Pub. Ludhiyana, 2000.
REFERENCE BOOKS

1. Juneja CM, Chawla RC, Saxena KK & Sachdeva B- Corporate Accounting, Kalyani
Publications, Ludhiyana 2000

2. Maheswari, SN – Corporate Accounting, sulthan Chand & Sons, New Delhi 2001.
 COAC – 302: INCOME TAX LAW AND PRACTICE – I

Objective
To make the students gain expert knowledge of both the principles and practice of the
Law relating to Income Tax in India. Legal decisions are considered as outside the scope.

( Total lecture hours 80 )

Unit – I : Definitions ( 10 hours )

Basic Concepts – Definitions – Previous year – Basis of charge – Residential status –

Scope of total Income.

Unit – II : Exempted Income ( 20 hours )

Income Exempt from Tax u/s 10

Unit – III : Computation of Income under Salaries ( 20 hours )

Salaries- Chargeability – Meaning - Allowances – Perquisites – Valuation of perquisites

– Profits in lieu of Salary – Provident funds – Deductions.

Unit – IV : Computation of Income from House Property (12 hours)

Income from House Properties Chargeability – annual value – Let out House Property –
Self occupied house property – Deductions.

Unit – V : Authorities under the Income Tax Act ( 18 hours )

Income Tax authorities - Their Powers and Functions.

Note: Questions will be raised in the proportion as 60% Theory and 40% Problem (Units III &
IV only)

TEXT BOOKS
1. Govt. of India - Income Tax Manual ( Current year )
2. Kanga & Palkhiwala - Law and Practice of Income Tax, ( Current year )
3. Vinod K.Singhania – Direct Taxes, TaxMan Pub., N.Delhi, ( Current year )

REFERENCE BOOKS

1. Gaur V.P. & Narang D.B., Income Tax Law & Practice (Current year)
2. Hari Prasad Reddy, Income Tax Law & Practice, (Current year)
 III Semester – Course 3

COAC 303 : INFORMATION TECHNOLOGY AND APPLICATIONS

Objective
This subject seeks to develop knowledge in Information Technology for application in the
area of Accounting and Business Decisions. (Total lecture hours 80)

Unit – I : Basics of Computer H/W & S/W ( 16 hours )

Organization of Computers – Types of Computers – Input Devices – Output Devices –

Storage Devices.
Software – System Software – Overview of DOS, UNIX, Windows Operating Systems –
Programming Languages – Compiler – Interpreter – Application Software – Evaluation of
Software Packages.

Unit – II : Computer Networks ( 16 hours )

Overview of Network – Communication Processors – Communication Media – Types of

Networks – Communication Satellites – Radar – ISDN – ATM.
Internet – Intranet – Extranet –Wireless LANs – Virus Detection and Elimination.

Unit – III : Computer Applications ( 17 hours )

Multimedia – Artificial Intelligence and Expert Systems – Computer Applications in

Business, Project Management, Personnel and Administration, Accounting & Information
Systems – System Design for Accounting, Inventory and Pay-roll.

Unit – IV : Computer Application in Management ( 17 hours )

Computer Applications in Material Management, Purchase, Credit and Collection, Ware-

housing, Marketing Information Systems, Manufacturing Information Systems.

Unit – V : Software for Finance and Accounting ( 14 hours )

Introduction to Application Software – Package Development – Familiarization of

Accounting and Financial Packages such as Tally.

TEXT BOOKS

1. Jaiswal,S- Information Technology Today, Galgotio, 2000

2. Ravindranath, H – Infrastructure for Information Technology, McMillan India, 2002
3. Sanjay Saxena, A first course in Computers, Vikas Publishing House Pvt. Ltd., 2000 Ed.Bott,
Practical Microsoft Windows 2000 professional, PHI, 2002.
4. Subhash Batnagar – Information and Communication Technology in Development, Sage
Pub. India, Pvt.,2002
5. Suresh, K.Basandra, Computers Today, Galgotia, 2000

REFERENCE BOOKS
1 .Alexis Leon & Mathews Leon, Fundamentals of Information Technolody, Leon
Techworld, 2000
2.Robert Gowart and Brian Knittel,Using Microsoft Windows 2000 Professional,PHI,
2002.
 III Semester – Course 4

COAC 304 : PROFESSIONAL ACCOUNTING AND STANDARDS

Objective
To make the students gain expert knowledge of Professional Accounting and Standards.

( Total lecture hours 80 )

Unit – I : Auditing ( 12 hours )

Meaning – Definition – Objectives – Duties and Liabilities of Auditors.

Unit – II : Internal control ( 15 hours )

Evaluation of Internal Control – Formulation of Internal Control Systems – Internal

Check – Vouching and Verification – Audit Programme.

Unit – III : Generally Accepted Accounting Principles ( 17 hours )

Need – Development – AICPA – FASB – ASB – GAAP – Assumptions – Concepts –

Principles – Conventions and Rules.

Unit – IV : Accounting Standards ( 18 hours )

Need – International Accounting Standards – Presentation of Current Assets and Current

Liabilities - Depreciation, Inventory valuation.

Unit – V : Indian Accounting Standards ( 18 hours )

Disclosure requirements - Depreciation – Inventory valuation – Statement of changes in
financial position.

TEXT BOOKS
1. Jnek C.Robertson – Auditing, Business Pub., 2000
2. John J. Willingram & Dr. R. Carmichael – Auditing Concept and Methods, Tata
McGrawHill, New Delhi, 2001.
3. Kamal Gupta –Contemporary Auditing, Tata McGraw Hill, N.Delhi, 2003
4. MadeGowda, J – Financial and Managerial Accounting, IPM Publishers, Davanagore,
2002
5. Saxena,R.G.–Principles and Practice of Auditing, Himalaya Pub. House, New Delhi,
2001.

REFERENCE BOOKS
1. Tandon B.N., Principles of Auditing, S. Chand & Co., New Delhi 2002
2. Sharma T.R. Auditing Principles and Problems, Sahitya Bhawan, Agra. 2001.
 IV Semester – Course 1
COAC -401: INCOME TAX LAW AND PRACTICE - II

Objective
To make the students gain expert knowledge of Income Tax and assessment procedures.
( Total lecture hours 80 )
Unit – I : Computation of Income from Business or Profession ( 24 hours )
Income from business or profession – Income taxable under business or Profession –
Computation of Profits and Gains – Definition of certain terms – Deductions expressly allowed.
Expenses & Payment not deductible.

Unit – II : Capital Gains and Aggregation of Income ( 15 hours )

Capital Gains- Chargeability – Capital Asset – Transfer – Cost of acquistion –
Exemptions.
Income from other sources - Chargeability – Deductions. Aggregation of Income – Set
off and carry forward of losses.

Unit – III : Rebates and Deductions ( 24 hours )

Deduction in respect of certain payments and income – Section 80 C to 80 U. Rebates
and reliefs

Unit – IV : Assessment Procedures ( 09 hours )

Procedure for Assessment – Filing of Return of Income – Income escaping assessment –
Reassessment – Best Judgement assessment.

Unit – V : Appeals and Revisions ( 08 hours )

Appeal before C I T Appeals – Tribunal - High Court and Supreme Court – Revisionary
powers of CIT.

Note : Questions will be raised in the proportion as 40% Theory (Unit IV & V only) and
60% Problem

TEXT BOOKS
1. Govt. of India -- Income Tax Manual ( Current year )
2. Kanga & Palkhiwala - Law and Practice of Income Tax ( Current year )
3. Vinod K.Singhania – Direct Taxes, TaxMan Pub., N.Delhi, ( Current year )

REFERENCE BOOKS

1. V.P. Gaur and D.B. Narang. Income Tax Law & Practice (Current Year)
2. Hari Prasad Reddy , Income Tax Law & Practice (Current Year)
 IV Semester – Course 2
COAC-402 : INVESTMENT AND PORTFOLIO MANAGEMENT

Objective
The course is designed to develop a conceptual framework for the study of security
analysis and understand the basics of portfolio management.
( Total lecture hours 80 )

Unit – I : Investment Management ( 15 hours )

Nature and Scope of Investment Management – Objectives of Investment – Factors
Favourable for Investment - Investment Management and Portfolio Management. Risk –
Meaning, Nature and Classification.

Unit – II : Security Analysis ( 15 hours )

Approaches to Security Analysis – Fundamental – Technical – Random Walk
approaches.

Unit – III : Security Valuation ( 16 hours )

Valuation – Valuation Models for Equity, Preference and Debt Securities.

Unit – IV : Portfolio Theory ( 17 hours )

Portfolio risk and return measurement – Diversification -Simple – Markowitz – Efficient
frontier.

Unit – V: Portfolio Management ( 17 hours )

Portfolio Selection – Capital Market Line (CML) – Capital Asset Pricing Model (CAPM)
– Characteristic Line – Portfolio Evaluation.

Note : Questions will be raised in the proportion as 60% Theory and 40% Problem
(Units III & IV only)

TEXT BOOKS
1. Bhalla V.K – Investment Management, S. Chand & Co., New Delhi 2001
2. Fisher & Johnson – Security Analysis and Portfolio Management, Prentice Hall, New
Delhi2000
3. Gupta, L.C. - Return on Equities The Indian Experience, Oxford Press, New Delhi1998

REFERENCE BOOKS

1. Pretti Singh – Investment Management, Himalaya Pub. Bombay,2001

2. William F.Sharpe – Investment, Prentice Hal of India, New Delhi, 2000.
 IV Semester – Course 3
COAC-403: - ACCOUNTING FOR DECISION MAKING

Objective
To make the students to gain expert knowledge of the techniques of Management
Accounting including the use of various financial tools as aids to decision making.
(Total lecture hours 80)

Unit – I : Meaning of Management Accounting ( 12 hours )

Definition – Scope – Objectives – Functions – Significance – Limitations – Functions of
Management Accountant – Organisation for Management Accounting- Evolution.

Unit – II : Analysis and Interpretation of Financial Statements ( 18 hours )

Meaning and objectives – Devices used in analysing Financial Statements – Comparative
Financial Statements – Commonsize statements – Trend Analysis – Ratio Analysis – Nature –
Significance – Limitations – Interpretation of Ratios – Classification of Ratios- Liquidity Ratios
– Profitability Ratios – Turnover Ratios – Financial Position Ratios.

Unit – III : Fund Flow and Cash Flow Statements ( 20 hours )

Meaning and uses of Funds flow statements – Construction of Funds flow statement –
Preparation of cash flow statement.

Unit – IV : Marginal costing ( 15 hours )

Contribution – Key factors – Profit Planning – Break Even Analysis – Determination of
Sales Mix – Make or buy decision.

Unit – V : Accounting for Price Level Changes ( 15 hours )

Historical costs – Impact of changes – Advantages – Shortcomings of accounting for
price level changes – Methods of accounting for price level changes.

Note : Questions will be raised in the proportion as 20% Theory (Unit I only) and 80%
Problem

TEXT BOOKS
1. Hingorani N.L. & Ramanathan Ed. By T.S. Grewal – Management Accounting, Sultan
Chand & Sons, New Delhi, 2003.
2. Kaplan & Afkinson – Advanced Management Accounting Prentice Hall of India, 2nd Edi.
2002
3. Maheswari. S.N. - Principles of Management Accounting, Sultan Chand & Sons, New
Delhi, 2003
4. Pillai, R.S.N. & Bagavathi, V. – Management Accounting Sultan Chand & Sons, New
Delhi, 2nd Edi., 2002
REFERENCE BOOKS

1. Ravi M.Kishore –Management Accounting Taxmann’s Students’ Pub., New Delhi,

2003.
2. Sharma Shashi R.K. & Gupta, K – Management Accounting,, Kalyani Publishers,
New Delhi, 2002
 IV Semester – Course 4

COAC-404 : INSTITUTIONAL TRAINING

OR

COAC-404 : INDUSTRIAL LAW

Objective
To make the students to gain working knowledge of the selected Industrial legislations.
(Total lecture hours 80 )

Unit – I: Factories Act ( 11 hours )

The Factories Act, 1948 – Objects – Health, Safety and Welfare provisions – Working
Hours – Employment of Young persons and Women – Annual leave with wages.

Unit – II: Industrial Disputes Act ( 20 hours )

The Industrial Disputes Act 1947 – Meaning of Industrial Dispute – Individual and
Collective disputes - `Industry’, `Workman’, `Lay-off’, `Lock-out’, `retrenchment’, `Strike’,
`Continuous service’, `award’, - Provisions relating to strike, lock-out, retrenchment and lay-off.
Special Provisions relating to lay-off, retrenchment and closure.

Unit – III: Workmen’s Compensation Act ( 16 hours )

The Workmen’s Compensation Act 1923 – Scope and Coverage – Meaning of Partial and
Total disablement, Workmen – Provisions relating to employers’ liability to pay compensation
for personal injury and occupational diseases.

Unit – IV Employees’ State Insurance Act ( 16 hours )

The Employees’ State Insurance Act 1948 – Meaning of `Employment Injury’,

`Employee’, `Principal and immediate employer’, `Benefit period’, `Contribution period’,
Administration of the Scheme – Constitution of Employees State Insurance Corporation,
Standing Committee and Medical Benefit Council – ESI Fund – Purposes for which the Fund
may be spent. – Employees, and employer’s contribution – Benefits provided by the Act –
Offences and penalties – Employees’ Insurance Court – Adjudication of disputes and claims.

Unit – V : Trade Unions Act ( 17 hours )

The Trade Unions Act 1926 – Meaning of Trade Dispute, Trade Union – Provisions
relating to registration of a Trade Union - Cancellation of Registration – Rights and Privileges of
a registered trade union – Duties and Liabilities – Provisions relating to use of general funds and
funds for political purpose – Amalgamation and dissolution of trade unions.
TEXT BOOKS
1. Gupta, CB – Personal Management and Industrial Relation, Sultan Chand Pub., N.Delhi,
2002.
2. Kapoor, N.D – Handbook of Industrial Law, Sultan Chand Pub., New Delhi.
3. Memoria, CB – Personal Management and Industrial Relation, Sultan Chand Pub.,
N.Delhi, 2002.

REFERENCE BOOKS

1. Pillai, RSN & Bagavathi – Business Law, S.Chand & Co., N.Delhi, 2003
2. Shukla, M.C. – A Manual of Mercantile Law, S.Chand & Company Ltd., N.Delhi, 2004
3. The Respective Bare Acts – Government of India.