Module II

Business Communication
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1: Introduction [8 Marks, Class: 8]

Definition, objectives, importance, elements, process, forms, models, principles of
effective communication, barriers to communication and remedial measures, role of
communication in conflict resolution
Unit 2: Types of Communication [6 Marks, Class: 6]
Formal and informal communication, Grapevine, Characteristics of corporate
communication, Characteristics of corporate communication, Communication network
Unit 3: Tools of Communication [6 Marks, Class: 6]
Emergence of communication technology, Modern Forms of communication, Fax, E-
mail, Video Conferencing
Unit 4: Drafting [20 Marks, Class: 20]
Notice, Circular, Resolution & Minutes, Report, CV writing, Business letter writing- Offer
letter, Quotation, Status enquiry, Confirmation, Execution, Refusal and cancellation of
order, Recommendation, Credit collection, Claim, Bank loan

. Suggested Readings

• Anjanee, S. & Bhavana Adhikari, Business Communication, TMH

• Chaturvedi &Chaturvedi, Business Communication : Concepts, Cases and
Applications, Pearson
• M.K.Shegal &Vandana Khetarpal, Business Communication, Excel Books
• R.K.Madhukar, Business Communication, Vikash Publishing House Pvt. Ltd.
• Rao, Kumar & Bindu, Business Communication, Cengage
• Khanna, Puja., Business Communication, Vikash
• Raman & Sharma, Technical Communication, Oxford
• Lesikar, Flatley et al, Business Communication, McGraw Hill
 CC2.1 Chg
Company Law
Marks: 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Unit 1: INTRODUCTION TO COMPANY[No of classes 16 / Marks 16]

Meaning and Definition – Features –, High Lights of Companies Act 2013 - Body Corporate ,Kinds
of Companies ( Concept, Definition and Features) – One Person Company, Private Company, Public
Company, Company limited by Guarantee, Company limited by Shares, Holding Company,
Subsidiary Company, Government Company, Associate Company, Small Company, Foreign
Company, Listed Company, Dormant company , Lifting of corporate veil.

Unit 2: FORMATION OF A COMPANY[No of classes 16 / Marks 16]

Steps in formation of a Company, Promotion Stage, Meaning of Promoter, Position of Promoter &
Functions of Promoter, Incorporation Stage – Meaning, Contents, Forms of Memorandum of
Association & Articles of Association and its alteration, Distinction between Memorandum of
Association and Articles of Association, Doctrines of constructive notice and Indoor management,
Certificate of Incorporation, Subscription Stage – Meaning & contents of Prospectus, Types,
Misstatement in prospectus and its consequences.

Unit 3: COMPANY ADMINISTRATION[No of classes 16 / Marks 16]

Director ( Concept and Definition), DIN, Qualification, Disqualification, Appointment, Position,

Rights, Duties, Power, Resignation, Liabilities, Removal and Resignation of director. Key Managerial
Personnel ( Definition, Appointment and Qualifications) – Managing Director, Whole time Directors,
the Companies Secretary, Chief Financial Officer, Resident Director, Independent Director, Women
director.

Unit 4: SHARE CAPITAL & DEBENTURE[No of classes 16 / Marks 16]

Share, Share Capital - Types and Definition, Allotment and Forfeiture, Calls on Shares, ESOP,
Buyback, Sweat Equity, Bonus, Right, Capital Reduction, Share Certificate, D-mat System, Transfer
and Transmission, Redemption of Preference Shares, Debenture – Definition, Types, Rules Regarding
Issue of Debenture.
Unit 5: CORPORATE MEETINGS[No of classes 16 / Marks 16]

Corporate Meetings - Shareholder and Board, Types of Meetings – Annual General Meeting
Extraordinary General meeting, Minutes of Proceedings of General Meeting, Meeting of BOD and
other meetings (Section 118), Requisite of Valid Meeting- Notice, Agenda, Chairman, Quorum,
Proxy, Resolutions, Minutes, Postal Ballot, E- voting, Video Conferencing, Board Meetings and
Resolutions

(If any new provisions are enacted in place of the existing provisions, the syllabus will accordingly
include such new provisions in place of existing provisions with effect from such date as prescribed
by Calcutta University. Similarly if any existing provision becomes redundant due to changes, it
will be left out of the syllabus)

Suggested Readings
• Kumar Rabindra, Legal Aspects of Business, Cengage
• Bhadra, Satpati and Mitra, Ainer Ruprekha (Bengali Version), Dishari
• Kapoor, N.D., Corporate Law, S.Chand
• Arora, Bansal, Corporate Law, Oxford
• Roychowdhury, Bhattacharjee & Datta, Business Regulatory Framework, Elegant
Publishers

CC 2.2 Chg
Marketing Management and Human Resource Management
Marks 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I
Marketing Management
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1: Introduction:
No. of classes: 8 / Marks: 8
Nature, scope and importance of marketing; Selling vs Marketing; Marketing mix, Marketing
environment: concept, importance, and components (Economic, Demographic,
Technological, Natural, Socio-Cultural and Legal).
Unit 2: Consumer Behaviour and Market segmentation:
No. of classes: 8 / Marks: 8
Consumer Behaviour: Nature and Importance, Factors influencing consumer buying
behaviour.
Market segmentation: concept, importance and bases; Product differentiation vs. market
segmentation.

Unit 3: Product:
No. of classes: 8 / Marks: 8
Concept and importance, Product classifications; Concept of product mix; Branding,
packaging and labeling; Product life-cycle; New Product Development Process.

Unit 4: Pricing, Distribution Channels and Physical Distribution

No. of classes: 8 / Marks: 8
Pricing: Significance. Factors affecting price of a product. Pricing policies and strategies.
Distribution Channels and Physical Distribution: Channels of distribution - meaning and
importance; Types of distribution channels; Factors affecting choice of distribution channel.

Unit 5: Promotion and Recent developments in marketing:

No. of classes: 8 / Marks: 8
Promotion: Nature and importance of promotion; Communication process; Types of
promotion: advertising, personal selling, public relations & sales promotion, and their
distinctive characteristics.
Recent developments in marketing: Social Marketing, online marketing, direct marketing,
services marketing, green marketing, Rural marketing; Consumerism.

Suggested Readings:
• Kotler & Keller, Marketing Management, Pearson
• Ramaswamy and Namakumari, Marketing Management, McMillan
• Bhagwati, Pillai, Marketing Management, S.Chand
• Verma & Duggal, Marketing Management, Oxford
• Venugopal, P., Marketing Management, Sage
• Saxena, Marketing Management, McGraw Hill

Module II
Human Resource Management
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1: Nature and Scope

No. of classes: 8 / Marks: 8
Concept and meaning of HR, Understanding the Nature and Scope of HRM, Functions and
importance.
Unit 2: Human Resource Planning
No. of classes: 8 / Marks: 8
Definition, Need and Features of Human Resource Planning, factors affecting Human
Resource Planning.

Unit 3: Recruitment and Selection

No. of classes: 8 / Marks: 8
Definition of Recruitment, Source, need and importance of Recruitment, Recruitment Policy
– process – sources of Recruitment Definition of Selection, Steps in selection.

Unit 4: Training and Development

No. of classes: 8 / Marks: 8
Training and Development Meaning and purpose of training, Benefits of training to
organisation and employees -Training methods.

Unit 5: Job Evaluation and Performance Appraisal

No. of classes: 8 / Marks: 8
Job evaluation - objectives, scope, method, Job analysis, Job description, Job Specification -
basic concept and significance,
Performance Appraisal - Concept

Suggested Readings:
• Mahajan, Reeta, Human Resource Management, Vikash
• Haldar & Sarkar, Human Resource Management, Oxford
• Sinha, Sekhar & Bala, Human Resource Management, Cengage
• Jyothi & Venkatesh, Human Resource Management, Oxford
• Wilton, N., An Introduction to Human Resource Management, Sage
• Dessler & Varkkey, Human Resource Management, Pearson

CC 2.1Ch
COST AND MANAGEMENT ACCOUNTING – I
Marks 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Unit Topic Content Marks Lecture

• Definition of Costing, Objectives of Cost
Accounting; Management Accounting and difference
with Cost Accounting; Installing a Cost Accounting
1. Introduction System, Essentials of a good Cost Accounting 10 6
System.
• Cost concepts, terms and classification of costs:
Cost, Cost object, Cost units and Cost Centres, Types
 of costs, classification of costs- Direct-Indirect,
Elementwise, Functionwise, Behaviourwise, Sunk
Cost, opportunity Cost. Costing Methods and
Techniques (introduction only).
• Purchase of materials: Organisation, purchase
procedure, documentation, determination of material
purchase costs.
• Storage of materials: Need for storage, location and
types, functions of a storekeeper, requisition, receipt,
issue and transfer of materials, storage record,
accounting for materials cost.
Material
• Materials control: Organisation; Tools: Just-in-Time
2 Costs 10 10
Purchase; various stock levels, Economic Ordering
Quantity and ABC Analysis; Periodic Inventory,
Perpetual Inventory, Physical verification;
Discrepancies in stock and their treatment.
• Methods of Pricing Material Issues: FIFO, LIFO, and
Weighted Average.
• Treatment of Normal and Abnormal Loss of
Materials
• Introduction, Recording labour cost: Attendance and
payroll procedures (Time-keeping, Time-Booking,
Payroll procedure, Payment of wages-Piece rate,
differential piece rate, time rate); Idle time (causes
and treatment in Cost Accounting), Overtime (its
Employee effect and treatment in Cost Accounting), Labour
Cost and turnover (Causes, impact and methods of calculating
3 10 12
Incentive labour turnover).
Systems • Main Principles for sound system of wage incentive
schemeslabour utilisation; System of Wage
Payment and Incentives(Halsey, Halsey-weir, Rowan
and Emerson
• System of Incentive Schemes for Indirect Workers;
Component of wages cost for costing purpose.
Overhead
• Introduction: Definition, Classification of Overhead-
Functional and Behavioural.
Overhead • Manufacturing Overheads: Allocation and
and apportionment of Overhead; Absorption of
4 Cost Overhead: various methods and their application; 20 20
Statement Treatment of under absorption/over absorption of
overheads.
• Administration and Selling & Distribution
Overheads and their charging: an introduction only
• Preparation of Cost Sheet and estimation
Cost Book-keeping
• Non-Integrated System: Meaning & Features;
Ledgers Maintained; Accounts prepared;
Cost Book- General/Cost Ledger Adjustment Account;
5 keeping Meaning of Closing Balance in Various Accounts; 10 8
Disadvantages.
• Reconciliation: Need for reconciliation; Items
causing differences between Cost and Financial
Profits and their reconciliation.
 • Job Costing (Job cost cards and databases,
Collecting direct costs of each job, Attributing
overhead costs to jobs, Applications of job
costing). Batch Costing
• Contract Costing - Progress payments, Retention
money, Escalation clause, Contract accounts,
Accounting for material, Accounting for plant used
in a contract, Contract Profit and Balance sheet
Costing entries.
6 20 24
Methods • Service Costing and Output Costing-
Introduction; Motor Transport Costing only
• Process Costing: Meaning, Features, Process vs
Job Costing, Principles of cost ascertainment for
Materials, Labour & Overhead; Normal loss,
Abnormal loss and gain and preparation of process
accounts. Inter-process profit (simple cases).
Valuation of WIP and Equivalent units (excluding
intermediary process).
80 80

Suggested Readings
• Horngren, Datar & Rajan, Cost Accounting,- A Managerial Emphasis, Pearson
• B.Banerjee, Cost Accounting, PHI
• Jawahar Lal & Seema Srivastava, Cost Accounting, TMH
• M.Y.Khan & P.K.Jain, Management Accounting, TMH
• Atkinson, Management Accounting, Pearson
• Bhattacharyya, Ashish K., Cost Accounting for Business Manageres, Elsevier
• Ravi M Kishore, Cost and management Accounting, Taxmann
• Mitra, J.K., Cost & Management Accounting, Oxford
• Hanif, M., Cost & Management Accounting, McGraw Hill
• Drury, Colin., Management and Cost Accounting, Cengage
• Satish Inamdar, Cost & Management Accounting, Everest Publishing House
• Bhattacharyya, Ashish K., Cost Accounting for Business Manageres, Elsevier
• Ravi M Kishore, Cost and management Accounting, Taxmann

Year 2: Semester III

Marks Credit Hours

SEC 3.1 Chg Information Technology & Its 100 4

Application in Business
(Theory -50 + Practical- 50)
GE 3.3 Chg Business Mathematics & 100 6
Statistics
CC3.1 Ch Financial Accounting II 100 6
CC3.2 Ch Indian Financial System 100 6

22
 SEC 3.1 Chg
Information Technology & Its Application in Business
(Theory -50 + Practical- 50)
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I
Information Technology and Its Application in Business (Theory)
(Marks: 50)
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit1: Information Technology and Business [8 Marks, Class: 8]

Concepts of data, information and computer based information system, impact of information
technology on business [business data processing, intra-organizational and inter-organizational
communication by using network technology, business process outsourcing and knowledge process
outsourcing], types of Information System- Transaction Processing System (TPS), Management
Information System (MIS), Decision Support System (DSS), Knowledge Management System (KMS)
and their implementation at managerial levels [operational, tactical and strategic].

Unit 2: Data Organization and Data Base Management System [10 Marks, Class: 10]
(a) Data Organisation: Character, field, record, file and database, types of data processing systems
[Serial, Batch, Real-time, Online, Centralized, Distributed], File Organizations [Sequential, Direct,
Indexed-Sequential, Relative], Traditional file organisation vs. Database file organisation.
(b) Database Management System: Concept of database management system (DBMS), definition,
importance of DBMS, important terms of database [Entity, Attribute, Keys- Primary, Foreign and
Candidate, Referential Integrity, Table, Views, Data Dictionary], types of database [Hierarchical,
Network and Relational], basic ideas of Data Warehouse and Data Mining (definition, importance,
advantages and disadvantages), Big data analysis- Concept.

Unit 3: Internet and Its Applications [8 Marks, Class: 8]

Meaning of Internet, IPAddress [IPv4, IPv6], URL, Domain Name System, Internet Protocols -
TCP/IP, UDP, FTP, TELNET[brief ideas only], HTML, DHTML AND XML [Concepts only],
Ethical Hacking, Cloud Computing, Mobile Computing, Internet of Things, Ethical issues in Social
Networking.

Unit 4: Security and Encryption [8 Marks, Class: 8]

Need and concepts, dimension, definition and scope of e-security, security threats- Malicious Codes
(Virus, Trozan Horse, Worm, Spyware, Ransomware), Hacking, Spoofing, Sniffing, Phishing,
Spamming, Denial of Service (DoS) attacks, Technology solutions [Confidentiality: (Data Encryption
& Decryption, Symmetric and asymmetric encryption), Security Implementation: Firewall, DMZ (De
Militarized Zone), SSL, HTTPs, Significance of Website Auditing].
Unit 5: IT Act. 2000 and Cyber Crimes [6 Marks, Class: 6]
IT Act 2000- Definitions of different terms, Digital signature, Electronic Governance, Attribution,
Acknowledgement and Dispatch of Electronic Records, Regulation of Certifying Authorities, Digital
Signatures Certificates, Duties of Subscribers, Penalties and Adjudication, Appellate Tribunal,
Offences and Cyber-crimes.

Module II
Information Technology and Its Application in Business (Practical)
(Marks: 50)
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1: Word Processing [5 Marks, Class: 5]

Working with word document- Editing text, Find and Replace text, Formatting, Spell check,
Autocorrect, Auto text; Bullets and numbering, Tabs, Paragraph Formatting, Indent, Page Formatting,
Header and footer, Macros, Drop cap; Tables: Inserting, Filling and formatting a Table, Inserting
Pictures and Video; Mail Merge- including linking with Database, Printing documents.

Creating Business Documents using the above facilities

Unit 2: Preparing Presentations [5 Marks, Class: 5]

Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables, Images, texts, Symbols,
Media; Design; Transition; Animation, Hyperlink and Slideshow.

Creating Business Presentations using above facilities.

Unit 3: Spreadsheet and its Business Applications [16Marks, Class: 16]

Managing worksheets- Formatting, Entering data, Editing, and Printing a worksheet; Handling
operators in formula, Project involving multiple spreadsheets, Organizing Charts and graphs, Pivot
Table.
Spreadsheet Functions: Mathematical [SUMIF, SQRT, SUBTOTAL, SUMPRODUCT etc.],
Statistical [AVERAGE, STDEV, VAR, CORRELATION, REGRESSION etc.], Financial [PMT,
RATE, PV, FV, NPER, IRR, NPV, Data Table Etc.] Logical [AND, OR, IF etc.], Date and Time,
lookup and reference, Database and Text functions.
Creating Spreadsheet in the area of: Loan and Lease statement; Ratio Analysis; Payroll Statements;
Capital Budgeting; Depreciation Accounting; Graphical Representation of Data; Frequency
Distribution and its Statistical Parameters; Correlation and Regression

Unit 4: Database Management System [8 Marks, Class: 8]

Creation of Tables, Multiple Table Handling-Defining Relationship [Foreign Key], Simple and
Conditional Queries, Types of Queries [Update, Delete, Append], Forms, Reports, Introduction to
SQL through Basic Commands.

Applying DBMS in the areas of Accounting, Inventory, HRM and its accounting, Managing the data
records of Employees, Suppliers and Customers.
Unit 5: Website Designing [6 Marks, Class: 6]
Introduction to HTML; Tags and Attributes: Text Formatting, Fonts, Hypertext Links, Tables,
Images, Lists, Forms, Frames, Cascading Style Sheets.

Suggested Readings

• Thareja, IT & Application, Oxford

• Aurora, Computer Fundamentals, Vikash
• Sinha & Sinha, Fundamentals of Computers, BPB Publications
• Dhar, P., Fundamental of IT and Its Application in Business, APH

GE 3.3 Chg
Business Mathematics & Statistics
Marks 100

Module I
Business Mathematics
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

1 Permutations and Combinations: Definition, Factorial Notation, Theorems on Permutation,

Permutations with repetitions, Restricted Permutations;Theorems on Combination, Basic
identities, Restricted Combinations. [ 8 L /8Marks]
2 Set Theory: Definition of set, Presentation of sets, Different types of sets- Null set, Finite and
infinite Sets, Universal set, Subset, Power set etc.; Set Operations, Law of algebra of Sets.
[ 8 L /8Marks]
3 Binomial Theorem: Statement of the theorem for positive integral index, General term,
Middle term, Simple properties of binomial coefficients. [ 8 L /8Marks]
4 Logarithm: Definition, Base and Index of Logarithm, General properties of Logarithm,
Common Problems. [ 8 L /8Marks]
5 Compound Interest and Annuities:Simple AP and GP Series, Different types of interest
rates, Net present value, Types of annuities, Continuous compounding, Valuation of simple
loans and debentures, Problems relating to Sinking Funds. [8 L /8Marks]

Module II
Statistics
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

6. Correlation and Association:Bivariate data, Scatter diagram, Pearson’s

correlationcoefficient, Spearman’s rank correlation, Measures of association of attributes.
 [ 8 L /8Marks]
7. Regression Analysis: Least squares method, Simple regression lines, properties of
regression, Identification of regression lines. [ 8 L /8Marks]
8. Index Numbers: Meaning and types of index numbers, Problems of constructing index
numbers, Construction of price and quantity indices, Test of adequacy, errors in index
numbers, Chain base index numbers; Base shifting, Splicing, Deflating, Consumer price index
and its uses.
[ 8 L /8Marks]
9. Time Series Analysis: Causes of variation in time series data, Components of time series,
additive and multiplicative models, Determination of trend by semi-average, moving average
and least squares( of linear, quadratic and exponential trend) methods; Computation of
seasonal Indices by simple average, ratio-to-moving average, ratio-to-trend and link relative
methods; Simple forecasting through time series data. [ 8 L /8Marks]
10. Probability Theory: Meaning of probability; Different definitions of probability; Conditional
probability; Compound probability; Independent events, Simple problems.

[ 8 L /8Marks]

Suggested Readings
• Business Mathematics and Statistics- N G Das & J K Das (Tata McGraw Hill)
• Statistics for Business Decisions – J. K .Das (Academic Publishers)
• Basic Mathematics and its Application in Economics – S. Baruah (Macmillan )
• Mathematics for Economics and Business – R. S. Bhardwaj (Excel Books)
• Mathematics and Statistics for Management – K B Akhilesh and S Balasubrahmanyam
(Vikash Publishing House Pvt.Ltd.)
• Business Statistics – G. C. Beri (Tata McGraw Hill)
• Fundamentals of Statistics – S.C.Gupta (Himalaya Publishing House )
• Statistics for Business and Economics – D. R. Anderson, D. J. Sweeney and T. A.
• Williams (Thomson Asia Pvt Ltd)
• Text Book of Business Mathematics , Padmalochan Hazarika, S.Chand
• Business Mathematics, Jameeruddin, Khanna & Bhamdri, Vikash
• Business Mathematics & Statistics – J. Chakraborti ( Dey Book Concern)
• Business Mathematics & Statistics – R K Ghosh & S Saha ( New Central Book Agency(P)
Ltd
• Rajaretnam, Statistics for Social Sciences, Sage
• Elementary Business Mathematics & Statistics – Dr. Priyotosh Khan ( Elegant Publication)
• Business Mathematics & Statistics – Dr. S N De (Chhaya Prakashani)
• Business Mathematics & Statistics – N K Nag & S K Nag ( Kalyani Publishers)
• Business Mathematics & Statistics – Dr. Ranjit Dhar (Dishari Prakashani)

CC3.1Ch: FINANCIAL ACCOUNTING – II

Marks 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks
Marks shown against the units indicate marks for Semester–end Examinations
 FINANCIAL ACCOUNTING – II
Marks No. of
Unit Topic Details
allotted lectures

Correction of appropriation items with retrospective

effect.

Change in constitution of firm – change in P/S ratio,

Partnership admission, retirement and retirement cum admission –
1 15 15
accounts-I treatment of Goodwill, revaluation of assets & liabilities
(with/without alteration of books), treatment of reserve
and adjustment relating to capital; treatment of Joint Life
Policy, Death of a partner

Accounting for dissolution of firm – insolvency of one or

Partnership more partner, consideration of private estate and private
2 15 15
accounts-II liabilities. Piecemeal distribution – surplus capital basis;
maximum possible loss basis.

Concept of Branch; different types of Branches.

Synthetic method – preparation of Branch account.

Preparation of Branch Trading and P/L account. ( at cost
& at IP ) – normal and abnormal losses.
3 Branch accounting 10 10
Analytical method – preparation of Branch Stock,
Adjustment etc A/C (at cost & at IP ) – normal &
abnormal losses

Independent branch – concept of wholesale profit

Meaning; difference with Installment payment system;

Recording of transaction in the books of buyer –
allocation of interest – use of Interest Suspense a/c –
partial and complete repossession

Hire purchase and Books of Seller – Stock and Debtors A/C ( with
4 Instalment payment repossession) 10 10
system
Books of Seller – H.P. Trading A/C without HP Sales and
HP Debtors and General Trading A/c ( with repossession)

Concept of operating and financial lease – basic concept

only.
 Concept, objective of preparation of departmental
accounts; apportionment of common cost; Preparation of
Departmental Departmental Trading and P/L account, Consolidated
5 10 10
accounts Trading and P/L account; inter departmental transfer of
goods at cost, cost plus and at selling price and
elimination of unrealized profit.

Maintenance of Investment Ledger; Preparation of

Investment Account (transaction with brokerage, STT,
Investment cum & ex-interest), Valuation of Investment under FIFO
6 10 10
Accounts and Average method; Investment Account for Shares
(with Right Shares, Bonus Shares and Sale of Right).
Relevant Accounting Standard.

• Profit/ loss prior to incorporation; Accounting for

Business
Acquisition of business.
Acquisition and
7
Conversion of • Conversion of Partnership into Limited Company – 10 10
partnership into with and without same set of books
limited company

80 80

Relevant Accounting Standards issued by the Institute of Chartered Accountants of India are to be
followed.

Suggested Reading
• Sukla, Grewal, Gupta: Advanced Accountancy Vol. I & II, S Chand
• R. L.Gupta & Radheswamy, Advanced Accountancy Vol. I & II, S. Chand
• Maheshwari & Maheshwari, Advanced Accountancy Vol. I & II, Vikash Publishing House Pvt. Ltd.
• Sehgal & Sehgal, Advanced Accountancy Vol. I & II, Taxman Publication
• L.S.Porwal, Accounting Theory, Tata Mcgraw Hill
• Gokul Sinha, Accounting Theory & Management Accounting,
• B. Banerjee, Regulation of Corporate Accounting & Reporting in India, World Press.
• Frank Wood, Business Accounting Vol 1&II, Pearson
• Tulsian, Financial Accounting, Pearson
• Hanif & Mukherjee, Financial Accounting, Vol II, McGraw Hill
• Accounting Standards issued by ICAI
 CC3.2 Ch

Indian Financial System

Full Marks:100

Internal Assessment: 20 marks

Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Unit:I Financial System and Its Components

Meaning, Significance and Role of the Financial System; Components of the Financial System;
The structure of Indian Financial System.
[L-10/Marks:10]
Unit:II Financial Markets
(a) Money Market: Functions and Instruments; Role of Central Bank; Indian Money Market: An
Overview, Call Money Market, Treasury Bills Market, Commercial Paper (CP) Market, Certificate of
Deposit (CD) Market; Concepts- Repo, Reverse Repo; Recent trends in the Indian money market.
[L-10/Marks 10]
(b) Capital Market: Functions and Instruments; Primary and Secondary Markets- Functions and
inter-relationship, Methods of New Issues; Indian debt market and equity market; Market
Intermediaries- Brokers, Sub-Brokers; Role of Stock Exchanges in India; Recent trends in the Indian
capital market.
[L-20/Marks:20]
Unit: III Financial Institutions
Commercial banking: Functions of Commercial Banks, Credit creation by commercial banks and its
limitations; Reserve bank of India: Functions, Credit Control and Monetary Policy; Development
Financial Institutions in India: NABARD, EXIM Bank, SIDBI; Life Insurance and General Insurance
Companies in India: Functions; Mutual Funds: Concept of Mutual Fund, Types of Mutual Funds(open
ended and close ended); Role of Mutual Funds in Indian capital market; Non-Banking Financial
Companies (NBFCs):Definition, Functions, Regulations of RBI over NBFCs. [L-20/Marks:20]

Unit: IV Financial Services

Merchant Banks: Functions and Role, SEBI Regulations; Credit Rating: Objectives and Limitations,
SEBI Regulations; Credit Rating Institutions and their functions. [L-10/Marks:10]

Unit: V Investors’ Protection

Concept of investors’ protection; Grievances regarding new issue market and Stock Exchange
transactions, and the Grievance Redressal Mechanism; Role of SEBI, judiciary and the media.
[L-10/Marks:10]
Suggested Readings
• Khan, M. Y., Indian Financial System-Theory and Practice, TMH
• Bhole, L. M., Financial Markets and Institutions, TMH
• Majumder S., Indian Financial System
• Nayak and Sana, Indian Financial System, Rabindra Library
• Basu, A, Mazumdar, D, Datta S., Indian Financial System, ABS
• Gurusamy, Financial Services, TMH
• Pathak, B., Indian Financial System, Pearson
• Bhattacharyya S., Indian Financial System, Oxford University Press
• Saha, S.S., Indian Financial System and Markets, McGraw Hill
• Saha, S.S., Capital Markets and Securities Law, Taxmann

Year 2: Semester IV
Marks Credit Hours

GE 4.1 Chg Microconomics I & Indian 100 6

Economy (50+50)
CC 4.1 Chg Entrepreneurship 100 6
Development and Business
Ethics
CC 4.1 Ch Taxation I 100 6
CC 4.2 Ch Cost and Management 100 6
Accounting -II
24

GE 4.1 Chg
Microeconomics-II & Indian Economy (50+50)
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I
Microeconomics-II
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit: I Monopoly
Concept of Monopoly: Sources of monopoly power; Short-run and Long-run equilibrium of a
monopoly firm; Price discrimination; Social Cost of Monopoly (concept only).
[L-10/Marks:10]
Unit: II Imperfect Competition
Concept of Imperfectly Competitive market; Monopolistic Competition: Features and examples;
Oligopoly: Non-Collusive Oligopoly: Sweezy’s Kinked demand Curve Model, Collusive Oligopoly:
Cartel (concept with example) [L-15/Marks:15]
Unit: III Factor Price Determination

Introduction; Marginal Productivity Theory of Distribution; Marginal Productivity Theory of

Wage, Demand Curve of Labour, Supply Curve of Labour; Wage Determination in an
Imperfectly Competitive Labour Market: Case of Collective Bargaining, Factors determining
the power of trade unions to raise wages; Theory of Rent: Ricardian Theory of Rent, Modern
Theory of Rent,Quasi-rent; Theory of Profit: Gross Profit and Net Profit, Accounting Profit
and Normal Profit, Different Theories of Determination of Profit; Concept of Interest: Gross
Interest and Net Interest, Classic Theory of Interest Rate Determination.
[L-15/Marks 15]

Suggested Readings
• Pindyke and Rubinfeld, Micro Economics, Pearson
• Gold & Ferguson, Micro Economic Theory
• Banerjee & Majumdar, Business Economics and Business Environment, ABS
• Banerjee & Majumdar, Banijjik Arthaniti –o- Banijjik Paribesh(Bengali),ABS
• Ratan Khasnabish & Ranesh Roy, Banijjik Arthaniti –o- Bharoter arthanaitik Paribesh(Bengali)
• Divedi, D.N., Managerial Economics, Vikash Publications
• Mankiw.N.G., Principles of Microeconomics, Cengage
• Das, P. & Sengupta A., Economics , Oxford
• Samuelson & Nordhaus, Macroeconomics, McGraw Hill

Module II
Indian Economy
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit:I Basic Issues in Economic Development

Concepts and measures of development and underdevelopment; Concept of national income:
GDP,GNP,NDP,NNP,NI (concepts only). [L 5/ Marks:5]

Unit:II Basic Features of Indian Economy

Sectoral distribution of National Income and Occupational Structure; Structural Change in Indian
Economy, issue of Service-led Growth. [L 10/ Marks:10]

Unit:III Sectoral Trends and Issues

(a) Agricultural Sector: Problem of low productivity; Green Revolution and its impact; Land
Reforms; Problems of rural credit and marketing.
(b) Industry and Service Sector: An overview of industrial growth during pre-reform and post-
reform
period; Role of Public Sector: its performance and the issue of disinvestment; Role of MSME sector,
problems faced by the MSME Sector; Role of the Service Sector: growth of banking and insurance
sector during the post-reform period.
(c) External Sector: Problem of unfavourable balance of payments and policy measures.
[L 15/ Marks:15]
Unit:IV Social Issues in Indian Economy
Problem of Poverty, Poverty alleviation measures; Problem of Unemployment and the policy
measures.
[L 10/ Marks:10]

Suggested Readings

•Dutt & Sundaram, Indian Economy, S.Chand

• Mishra &Puri, Indian Economy, Himalaya Publishing House
• Uma Kapila, Indian Economy
• Joydeb Sarkhel & Swapan Kr. Roy, Bharoter arthanaiti(Bengali)
• Banerjee & Majumdar, Business Economics and Business Environment,ABS
• Banerjee & Majumdar, Banijjik Arthaniti –o- Banijjik Paribesh(Bengali),ABS
• Ratan Khasnabish & Ranesh Roy, Banijjik Arthaniti –o- Bharoter arthanaitik Paribesh(Bengali)
• Prakash, B.A., Indian Economy, Pearson
• Fernando, Indian Economy, Pearson

CC 4.1 Chg
Entrepreneurship Development and Business Ethics
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I
Entrepreneurship Development
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit-1: Introduction:
No. of classes: 10 / Marks: 10
Meaning, elements, determinants and importance of entrepreneurship and creative behavior;
Entrepreneurship and Micro, Small and Medium Enterprises, Role of family business in
India; The contemporary role models in Indian business: their values, business philosophy
and behavioural orientations; Conflict in family business and its resolution.
Unit-2:
No. of classes: 10 / Marks: 10
Public and private system of stimulation, support and sustainability of entrepreneurship.
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.

Unit-3:
No. of classes: 10 / Marks: 10
Sources of business ideas and tests of feasibility. Significance of writing the business plan/
project proposal; Contents of business plan/ project proposal; Designing business processes,
location, layout, operation, planning & control; preparation of project report

Unit-4:
No. of classes: 10 / Marks: 10
Mobilizing Resources - Mobilizing resources for start-up. Accommodation and utilities;
Preliminary contracts with the vendors, suppliers, bankers, principal customers; Basic start-
up problems;

Module II
Business Ethics
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1: Business Ethics

No. of classes: 8 / Marks: 8
Introduction – Meaning - Scope – Types of Ethics – features – Factors influencing Business
Ethics – significance of Business Ethics - Arguments for and against business ethics- Basics
of business ethics - Corporate Social Responsibility and Business Ethics

Unit 2: Principles of Business Ethics

No. of classes: 8 / Marks: 8

Introduction – Meaning – Element – Ethics, Morale, Business ethics, Ethical dilemma [basic
idea, features and significance of each of element]

Unit 3: Ethics in Management

No. of classes: 8 / Marks: 8
Introduction – Ethics in HRM – Ethics in Marketing –– Ethics in Accounting and finance -
Work place Ethics - Value and Ethics.

Unit 4: Corporate Culture

No. of classes: 8 / Marks: 8
Meaning – Role – Functions – Impact of Corporate Culture – Globalization and cross culture
issues in ethics, Corporate Code of ethics
Unit 5: Ethics & Corporate Governance
No. of classes: 8 / Marks: 8
Concept of Corporate Governance, Scope, Reports on Corporate Governance and its benefits
and limitations-- Corporate Governance and Business Ethics [Brief Concept]

Suggested Readings:
• Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.
• Robert Hisrich, Michael Peters, Dean Shepherd, Entrepreneurship, McGraw-Hill Education
• Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
• Himalaya Publishing House.
• Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.
• Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.
• Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New Delhi:
• Prentice-Hall of India. ISBN-81-203-1690-8.
• Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
• ASEED.
• SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.
• Hifrich, Manimala, Peters & Shepherd, Entrepreneurship, McGraw-Hill
• Kumar Arya, Entrepreneurship, Pearson
• Bamford and Bruton, Entrepreneurship, McGraw Hill
• SIDBI Reports on Small Scale Industries Sector.
• Roy, Entrepreneurship, Oxford
• Albuquerque, Business Ethics, Oxford
• Ferrell, Fraedrich, Farrell, Business Ethics, Cengage
Note: Latest edition of text books may be used.

CC 4.1 Ch

TAXATION-I

Full Marks – 100

Internal Assessment: 20 marks

Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Unit 1 : a) Basic Concepts and Definitions under IT Act

Assessee, Previous year, Assessment year, Person, Income, Sources of income,
Heads of income, Gross total income, Total income, Maximum marginal rate of
tax, Tax Evasion, Tax avoidance, Tax planning.
b) Residential Status and Incidence of Tax
Residential status of all persons except company
c) Incomes which do not form part of Total Income
Except section 10AA.
 d) Agricultural Income
Definition, determination of agricultural and non-agricultural Income,
assessment of tax liability when there are both agricultural and non-agricultural
income
(L-10 / M-10)
Unit 2 : Heads of Income and Provisions governing Heads of Income
a) Salaries
b) Income from House property (L-30 / M-30)
Unit 3 : Heads of Income and Provisions governing Heads of Income
a) Profits and Gains of Business and Profession
Special emphasis on sec. 32, 32AC, 32AD, 35, 35D, 36(i)(ib), (ii), (iii), (iv),
(vii), 37, 37(2B), 40A(2), 40A(3), 43B, (Excluding presumptive taxation)
b) Capital Gains
Meaning and types of capital assets, basic concept of transfer, cost of
acquisition, cost of improvement and indexation, computation of STCG and
LTCG, exemptions u/s 54, 54B, 54EC and 54F, capital gain on transfer of bonus
shares, right entitlement and right shares, taxability of STCG and LTCG.
c) Income from Other Sources
Basis of charge excluding deemed dividend (L-25 / M-25)
Unit 4 : a) Income of other Persons included in Assessee’s Total Income
Remuneration of spouse, income from assets transferred to spouse and Son’s
wife, income of minor.
b) Set off and Carry Forward of Losses
Mode of set off and carry forward, inter source and inter head set off, carry
forward and set off of losses u/s 71B, 72, 73, 74, 74A.
c) Deductions from Gross Total Income
Basic concepts, deductions u/s 80C, 80CCC, 80CCD, 80CCE, 80D, 80DD,
80DDB, 80E, 80G, 80GG, 80GGC, 80TTA, 80U
d) Rebate u/s 87A (L-15 M-15)
If any new legislations/provisions are enacted in place of the existing legislations/provisions, the
syllabus will accordingly include such new legislations/provisions in place of existing
legislations/provisions with effect from such date as prescribed by CALCUTTA UNIVERSITY.
Similarly if any existing provision becomes redundant due to changes, it will be left out of the
syllabus.
Suggested Readings
• Singhnia V.K., and Singhania K, Direct Tax Law and Practice, Taxmann
• Lal and Vashist, Direct Taxes, Pearson
• Ahuja and Gupta, Direct Taxes Law And Practice, Bharat
• Manoharan & Hari, Direct Tax Laws, Snow White
• Roy, S. K., Principles and Practice of Direct & Indirect Taxes, ABS
• Sengupta, C.H., Direct & Indirect Taxes, Dey Book Concern
Latest edition of the books may be read.

CC 4.2 Ch
Cost and Management Accounting -II
Full Marks – 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks
 Marks shown against the units indicate marks for Semester–end Examinations

Unit Topic Content Marks Hours

Joint
Meaning, treatment and apportionment of cost; decision
Product &
relating further processing
By product
1 Problems of traditional costing; meaning of Activity 20 18
Activity
Based
Based
Costing; cost analysis under ABC; application of ABC
Costing
(Simple problems)
Budget and Budgetary Control; The budget manual,
Budget and principal budget factor, preparation and monitoring
2 Budgetary procedures, Fixed and Flexible budget, preparation of 10 12
Control functional budgets – concepts, cash budget, flexible
budget.
Standard Costs and Standard Costing; Uses, &
Importance. Differences with Budgetary Control,
Standard
3 Preliminary Steps. Classification of Standards. Analysis 20 20
Costing
and computation of Materials, Labour and Overhead
Costs (concepts only) Variances
CVP Analysis Introduction; CVP Assumptions and
Uses; Break-Even Analysis: BE Point and Margin of
Safety; Graphical presentation of CVP Relationship;
CVP
Profit Graph
Analysis,
4 Marginal Costing and Management Decisions – 20 15
Marginal
Marginal Costing vis-à-vis Absorption Costing; Cost
Costing
statement under marginal costing and absorption
costing; Marginal Costing Techniques.

Marginal Cost and decision relating Product Pricing;

Short-term
Product Mix; Make or Buy; Choosing among alternatives
5 Decision 10 15
and closing down or suspending an activity. (with simple
Making
type of problems)

Total 80 80

Suggested Readings
• Horngren, Foster & Rajan, Cost Accounting,- A Managerial Emphasis, Pearson
• B.Banerjee, Cost Accounting, PHI
• Jawahar Lal & Seema Srivastava, Cost Accounting, TMH
• M.Y.Khan & P.K.Jain, Management Accounting, TMH
• Atkinson, Management Accounting, Pearson
• Bhattacharyya, Ashish K., Cost Accounting for Business Manageres, Elsevier
• Ravi M Kishore, Cost and management Accounting, Taxmann
• Hanif, M., Cost and Managment Accounting, TMH
• Mitra, J.K., Cost and Management Accounting, Oxford
• Drury, C., Management and Cost Accounting, Cengage
 Year 3: Semester V
Marks Credit Hours

CC 5.1Ch Auditing & Assurance 100 6

CC 5.2 Ch Taxation II 100 6
DSE 5.1 A* Economics II and Advanced 100 6
Business Mathematics
DSE 5.2 A* Corporate Accounting 100 6
24
CC 5.1Ch
Auditing & Assurance
Full Marks – 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

UNIT – I CONCEPT, NEED AND PURPOSE OF AUDIT (10M 10L)

 Definition-Nature-Scope and Objectives of Independent Financial Audit
 Basic Principles Governing an Audit, Concept of Auditor’s Independence
 Errors and Fraud-Concepts, Means of doing Fraud, Auditor’s Responsibility towards
Detection and Prevention of Fraud, Difference between Audit and Investigation
 Classification of Audit- Organization Structure wise (Statutory, Non-statutory); Objective
wise (Internal and Independent Financial Audit); Periodicity wise (Periodical, Continuous,
Interim, Final); Technique wise (Balance Sheet, Standard, Systems, EDP);
 Standards on Auditing (SA)- Concept and Purpose
(This unit should be studied with SA 200[REVISED] and SA 240[REVISED])

UNIT – II AUDIT PROCEDURES AND TECHNIQUES (15M 15L)

 Auditing Engagement-Audit Planning- Audit Programme (Concept)
 Documentation: Audit Working Paper, Ownership and Custody of Working Papers-Audit file
(Permanent and Current) – Audit Note Book- Audit Memorandum.
 Audit Evidence – Concept, Need, Procedures to obtain Audit Evidence
 Routine Checking, Test Checking and Auditing in Depth
 Concept of Analytical Procedure and Substantive Testing in Auditing.
 Audit of Educational Institutions, Hospitals and Hotels
(This unit should be studied with SA 210, SA 230, SA 300, SA 500, SA 520 and SA 530)

UNIT – III AUDIT RISK AND INTERNAL CONTROL SYSTEM (10M 10L)
 Audit Risk – Concept and Types only.
 Internal Control- Definition, Objectives
 Internal Check- Definition, Objectives
 Internal Audit- Definition, Objectives, Regulatory Requirement, Reliance by Statutory
Auditor on Internal Auditor’s Work
(This unit should be studied with SA 610)
UNIT – IV VOUCHING, VERIFICATION AND VALUATION (10M 10L)
 Vouching: Meaning, Objectives - Difference with Routine Checking – Factors to be
Considered during Vouching - Vouching of Following Items: i) Receipts: Cash Sale,
Collection from Debtors, Interest and Dividend from Investment, Sale of Fixed Assets. ii)
Payments: Cash Purchase, Payment to Creditors, Payment of Wages and Salaries,
Advertisement Expenses, Travelling Expenses, Research and Development Expenditure,
Prepaid Expenses.
 Verification and Valuation: Concept, Objectives, Importance, Difference with Vouching,
Difference between Verification and Valuation, Verification of following items: i) Non-
Current Assets: Goodwill, Patent and Copy Right, Leasehold Land, Plant and Machinery, ii)
Investments iii) Current Assets: Inventory, Loan and Advance, Cash and Bank Balances iv)
Non-current Liability: Secured Loan v) Current Liability: Trade Payables (Sundry
Creditors).

UNIT - V COMPANY AUDIT (15M 15L)

 Qualification, Disqualification, Appointment and Rotation, Removal and Resignation,
Remuneration, Rights, Duties and Liabilities of Company Auditor
 Branch Audit and Joint Audit
 Depreciation – Concept and Provisions of the Companies Act
 Divisible Profit and Dividend (Final, Interim and Unclaimed/Unpaid): Provisions of the Act,
Legal Decisions and Auditor’s Responsibility

UNIT – VI AUDIT REPORT AND CERTIFICATE (10M 10L)

 Definition – Distinction between Report and Certificate- Different Types of Report
 Contents of Audit Report (As per Companies Act and Standards on Auditing)
 True and Fair View – Concept
 Materiality – Concept and Relevance
(This unit should be studied with SA 700)

UNIT – VII OTHER THRUST AREAS (10M 10L)

 Cost Audit – Concepts, Objectives Relevant Provisions of Companies Act
 Management Audit - Concepts, Objectives, Advantages
 Tax Audit – Concepts, Objectives, Legal Provisions
 Social Audit – Propriety Audit – Performance Audit – Environment Audit (Concepts only)

Notes:
1) The provisions of the Companies Act, 1956 which are still in force would form part of
the syllabus till the time their corresponding or new provisions of the Companies Act,
2013 are enforced.
2) If new Laws or Rules are enacted in place of the existing laws and rules, the syllabus
would include the corresponding provisions of such new laws and rules with
immediately following Academic Year.
3) Students are expected to develop analytical mind for answering problem based
questions along with the theoretical questions.
Suggested Readings:

• Tandon et al, Practical Auditing, S.Chand

• Gupta & Arora, Fundamentals of Auditing, TMH
• Jha, A., Auditing, Taxmann
• Basu, S. K., Auditing and Assurance, Pearson
• Ghosh, J., Contemporary Auditing and Assurance, Elegant Publishing
• Standards on Audit (SA) issued by the Institute of Chartered Accountants of India
 CC 5.2 Ch
TAXATION-II
Full Marks – 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I
Direct Tax
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 1 : Computation of Total Income and Tax Payable

a) Rate of tax applicable to different assesses (except corporate assessee)
b) Computation of tax liability of an individual, Firm (excluding application of
AMT) (L-15 / M-15)
Unit 2 : TAX MANAGEMENT
a) Provision for Filing of Return
Date of filing of return, relevant forms of return, different types of returns,
return by whom to be signed, PAN, TAN
b) Assessment of Return
Self assessment u/s140A, Summary assessment u/s 143(1), Scrutiny assessment
u/s 143(3) and Best judgement assessment u/s 144.
c) Advance Tax
Who is liable to pay, due dates and computation of advance tax (excluding
corporate assessees)
d) Interest & Fees
Section 234A, 234B, 234C, 234F (simple problems on interest and fees)
e) TDS
Provisions regarding TDS from salary, interest on securities, horse racing,
lottery. (L-25 / M-25)

Module II
INDIRECT TAXES
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks

Unit 3 : Central Sales Tax

Definitions, incidence and levy of tax, exemptions and exclusions, forms under CST,
determination of turnover and tax payable, registration of dealers.
(L-8 / M-10)
Unit 4 : West Bengal Value Added Tax
Concepts and general principles, features, advantages and disadvantages, definitions,
incidence and levy of tax, Rates of VAT, Calculation of VAT liability, Input tax credit
(including on Capital goods), small dealers and composition scheme, registration of
 dealers, cancellation of registration certificate.
(L-12 / M-10)
Unit 5 : Central Excise
Basic concepts, conditions and taxable event for levy of excise duty, Goods and
excisable goods, Manufacture and deemed manufacture, Definitions of factory, broker
or commission agent, wholesale dealer, sale or purchase, valuation – MRP, transaction
value. (L-12 / M-10)
Unit 6 : Customs
Basic concepts, Taxable event, Territorial water, Indian customs water, Goods, Types
of Customs duties – Basic, Additional, Protective, Safeguard, Counter-veiling duty on
subsidised goods, Anti Dumping, Valuation of Custom Duty. (L-8 / M-10)
The indirect tax portion of this paper will be replaced by the Goods & Service Tax Law whenever
the law is enforced and accordingly revised syllabus will be announced.
If any new legislations/provisions are enacted in place of the existing legislations/provisions, the
syllabus will accordingly include such new legislations/provisions in place of existing
legislations/provisions with effect from such date as prescribed by CALCUTTA UNIVERSITY.
Similarly if any existing provision becomes redundant due to changes, it will be left out of the
syllabus.
Suggested Readings
• Datey V.S., Indirect Taxes Law And Practice, Taxmann
• Sanjeev Kumar, Systematic Approach to Indirect Taxes, Bharat
• Bangar and Bangar, Students’ Gide to Indirect Taxes, Aadhya Prakashan.
• Sengupta, C.H., Direct & Indirect Taxes, Dey Book Concern
• Roy, S. K., Principles and Practice of Direct & Indirect Taxes, ABS

Latest edition of the books may be read.

DSE 5.1 A
Macroeconomics and Advanced Business Mathematics (50+50)
Full Marks – 100

Internal Assessment: 20 marks

Semester-end Examinations: 80 marks
Total 100 marks

Marks shown against the units indicate marks for Semester–end Examinations

Module I

Macroeconomics
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks
Unit – I:Introduction
Concepts and variables of Macroeconomics. [L 2 / Marks:2]