Master of Commerce (MCOM)

Syllabus effective from Academic Year 2022-23

Programme Objectives:

 To equip the learners with knowledge, skills and attitude to meet the requirements of
the job market and/or to become self-sufficient.
 To develop critical appreciation regarding the concepts, principles and theories related
to finance and accounting.
 To acquaint the learners with the emerging trends, contemporary issues and practices of
the business houses in India and abroad.
 To provide the foundation for advanced studies and research in the related domain

Programme Outcomes:

After successful completion of this programme the learners should be able to:

 State the general concepts, principles and theories related to finance and accounting.
 Pursue further Research in their chosen areas.
 Understand the ethical implication of business decision making and recognize ethical
dilemmas.
 Demonstrate skilful application of the learnt concepts, principles and theories.
 Develop integrated strategies using a wide variety of tools and techniques to meet the
emerging opportunities and challenges.

Highlights of the Programme:

 Duration of the Course – Minimum: 2 years, Maximum: 4 years.
 Conduct of Classes: Weekend for 4 hours (preferably on Sundays)
 Course Fees: Rs. 5900/Year + Rs. 500 as one time fee for original certificate and
member of Alumni Association.
 Eligibility Criteria: Graduation or +3 PASS in any discipline
 Evaluation – Based on Assignments, Term-end Examinations
Target Group:

 Learners want to pursue a career in commerce stream to gain professional advantage.

 Learners who are graduate degree holders in the commerce stream and want to make
commerce knowledge stronger and look forward to a career in it.

Pedagogy:
The Course shall be taught through the interactive,

 Self-guided Learning Materials (SLMs),

 OERs as reference materials,
 Week-end Counseling Classes,
 Video Lectures, Project Works.
 Online classes( Both synchronous and asynchronous )

Programme Structure

Course Code Title of the Course Credit

Semester - 01
MCO 01 Organisational Theory and Behaviour 4
MCO 02 Business Environment 4
MCO 03 Managerial Accounting 4
MCO 04 Managerial Economics 4
Semester - 02
MCO 05 Marketing Management 4
MCO 06 Financial Management 4
MCO 07 Indian Financial System 4
MCO 08 Entrepreneurship Development 4
Semester - 03
MCO 09 Statistical Methods 4
MCO 10 Corporate Legal Framework 4
MCO 11 Computer Application in Business 4
MCO 12 Human Resource Management 4
Semester - 04
MCO 13 Corporate Accounting 4
MCO 14 Tax Planning 4
MCO 15 Research Methodology 4
MCO 16 International Business 4
Total Cumulative Credits 64
 Detailed Syllabus

MCO 01 ORGANISATIONAL THEORY AND BEHAVIOUR

Block 01: Organisational Behaviour and Structure

Unit 01: Meaning and Concept
Unit 02: Evolution of Organisational Behaviour
Unit 03: Models of Organisational Behaviour
Unit 04: Challenges of Organisational Behaviour
Block 02: Group Behaviour Taxonomy
Unit 05: Formation of Groups
Unit 06: Types of Groups
Unit 07: Team Dynamics
Unit 08: Group Decision Making
Block 03: Motivation and Leadership
Unit 09: Content Theories of Motivation
Unit 10: Process theories of Motivation
Unit 11: Leadership: Nature, Importance and Styles
Unit 12: Theories of Leadership
Block 04: Dynamics of Organisational Behaviour
Unit 13: Attitude and Values
Unit 14: Personality
Unit 15: Perception
Unit 16: Stress Management

MCO 02 BUSINESS ENVIRONMENT

Block 01: Overview to Business Environment

Unit 01: Introduction to Business Environment
Unit 02: Composition and Scope of Business Environment
Unit 03: Changing Dimensions of Business Environment
Unit 04: Techniques of Environmental Scanning and Monitoring
Block 02: Business and Economic Environment
Unit 05: Significance and Nature of Economic Environment
Unit 06: Economic System and Business Environment
Unit 07: Economic Reforms - Liberalisation
Unit 08: Economic Reforms - Privatisation
Block 03: Government and Business Legal Environment
Unit 09: Government and Legal Regulations on Business
 Unit 10: Changing Dimensions of Legal Environment in India
Unit 11: FEMA and Licensing Policy
Unit 12: Consumer Protection Act
Block 04: Social and Technological Environment
Unit 13: Critical Elements of Socio-Cultural Environment
Unit 14: Business and Corporate Governance
Unit 15: Technological Advancement in shifting Business
Unit 16: Business Ethics and Corporate Social Responsibility

MCO 03 MANAGERIAL ACCOUNTING

Block 01: Management Accounting for Decision Making

Unit 01: Introduction to Management Accounting
Unit 02: Tools for Financial Statement Analysis
Unit 03: Ratio Analysis
Unit 04: Cost Control and Cost Reduction
Block 02: Marginal Costing
Unit 01: Introduction to types of Costing
Unit 02: Marginal, Absorption and Activity Based Costing
Unit 03: Cost Volume Profit Analysis
Unit 04: Break-Even Analysis
Block 03: Standard Costing
Unit 01: Meaning, Nature and significance of Standard Costing
Unit 02: Setting up of Standards
Unit 03: Kinds of Variance
Unit 04: Variance Analysis
Block 04: Budgeting and Responsibility Accounting
Unit 01: Budgeting – Concept and Classification
Unit 02: Budgetary Control
Unit 03: Responsibility Accounting: Meaning and Significance
Unit 04: Transfer Pricing –Purpose and Methods
MCO 04 MANAGERIAL ECONOMICS

Block 01: Introduction and Basic Concepts

Unit 01: Nature, Scope and Objectives of Business
Unit 02: Economic Concepts
Unit 03: Basic Demand and Supply
Unit 04: Elasticity of Demand
Block 02: Analysis of Consumer Behaviour
Unit 05: Concept of Utility and Indifference Curve
Unit 06: Consumer Behaviour and its Economic Implications
Unit 07: Meaning and concept of Consumer Equilibrium
Unit 08: Consumer Equilibrium and Demand Effects
Block 03: Production and Cost Analysis
Unit 09: Role and Scope of Theory of Production
Unit 10: Law of Variable Proportion
Unit 11: Law of Return to Scale
Unit 12: Modern Theory of Cost Analysis
Block 04: Pricing Strategy and Market Structure
Unit 13: Meaning and Scope of Pricing Strategy
Unit 14: Pricing Equilibrium under Perfect competition
Unit 15: Pricing under Oligopoly
Unit 16: Pricing under Monopoly and Monopolistic
MCO 05 MARKETING MANAGEMENT

Block 01: Nature and Scope of Marketing

Unit 01: Introduction to Marketing
Unit 02: Marketing Environment
Unit 03: Marketing Mix and Market Segmentation
Unit 04: Consumer Behaviour and Decision Making
Block 02: Product and Pricing Decisions
Unit 05: Concept and Classification of Products
Unit 06: Packaging, Labelling and Branding
Unit 07: Factors affecting price determination
Unit 08: Pricing policies and strategies
Block 03: Distribution Decisions
Unit 09: Meaning, function and Types of distribution
Unit 10: Channel Management Decision
Unit 11: Retailing and Wholeselling
Unit 12: Physical Distribution Decisions
Block 04: Promotion Decisions
Unit 13: Concept and Elements of Promotion Mix
Unit 14: Advertising and Personal selling
Unit 15: Sales Promotion, Publicity and Public Relation
Unit 16: Marketing Research
MCO 06 FINANCIAL MANAGEMENT

Block 01: Introduction to Financial Management

Unit 01: Nature and Scope of Financial Management
Unit 02: Techniques of Time Value of Money
Unit 03: Measurement of Risk and Returns
Unit 04: Valuation of Securities
Block 02: Capital Budgeting and Capital Structure
Unit 05: Nature and Methods of Capital Budgeting
Unit 06: Investment Evaluation Criteria
Unit 07: Capital Structure - I (Theories of Capital Structure)
Unit 08: Capital Structure -II (Capital Structure in Practice)
Block 03: Dividend Decisions
Unit 09: Dividend Decisions: An Overview
Unit 10: Theories of Dividend - I (Walter’s Model, Gordon’s Model)
Unit 11: Theories of Dividend - II (MM Hypothesis)
Unit 12: Application of Dividend Policies
Block 04: Working Capital Management
Unit 13: Estimation of Working Capital Requirement
Unit 14: Management of Cash
Unit 15: Management of Receivables
Unit 16: Management of Inventory

MCO 07 INDIAN FINANCIAL SYSTEM

Block 01: Background of Financial System

Unit 01: Indian Financial System: An Overview
Unit 02: Function and Structure of Financial System in India
Unit 03: Primary Market Organization
Unit 04: Secondary Market Organization
Block 02: Financial Intermediaries
Unit 05: Nature, Type and Role of NBFCs
Unit 06: Investment Planning in Mutual Fund
Unit 07: Principles and Types of Insurance
Unit 08: Credit Control and Role of Banks
Block 03: Financial Instruments
Unit 09: Concept of Capital Market Instruments
Unit 10: Money Market Instruments
Unit 11: Financial Derivatives
Unit 12: Bonds, Gold and Exchange Traded Fund
Block 04: Private Foreign Investment
Unit 13: Types and Importance of FDI
Unit 14: Relationship between FII and FPI
Unit 15: Other form of investment (ECB, foreign currency exchange
bond, etc.)
Unit 16: Regulatory bodies in financial market

MCO 08 ENTREPRENEURSHIP DEVELOPMENT

Block 01: Introduction to Entrepreneurship

Unit 01: Concepts and Overview of Entrepreneurship
Unit 02: Evolution and Growth of Entrepreneurship in India
Unit 03: Role of Entrepreneurship in Economic Development
Unit 04: Framework of Entrepreneurship Theories
Block 02: Dimensions of Entrepreneurship
Unit 05: Entrepreneurial Culture and Society
Unit 06: Social Entrepreneurship
Unit 07: Rural, Women and Tribal Entrepreneurship
Unit 08: Emerging Trends and Models of Corporate Entrepreneurship
Block 03: Development of Entrepreneurial Skills
Unit 09: Entrepreneurial Characteristics and Skills
Unit 10: Idea Generation and Business Transformation
Unit 11: Business Process Re-engineering
Unit 12: Creativity and Problem Solving
Block 04: Support Systems for Entrepreneurs
Unit 13: Sources of Finance and Capital
Unit 14: Institutional and Policy Support
Unit 15: Technological Support System
Unit 16: Product and Marketing Support for Entrepreneurs

MCO 09 STATISTICAL METHODS

Block 01: Introduction to Statistics and Data Presentation

Unit 01: Introduction and Scope of Statistics
Unit 02: Data Classification andTabulation
Unit 03: Use of Statistical Tools
Unit 04: Data Presentation – Graphs and Charts
Block 02: Measures of Central Tendency and Dispersion
Unit 05: Measures of Central Tendency – I (Mathematical Average)
Unit 06: Measures of Central Tendency – II (Positional Average)
Unit 07: Measures of Dispersion – I (Range, MD, SD)
Unit 08: Measures of Dispersion – II (Skewness and Kurtosis)
Block 03: Correlation and Regression
Unit 09: Introduction, Types and Measurement of Correlation
Unit 10: Simple Regression
Unit 11: Multiple Regression
Unit 12: Parametric Vs Non- Parametric Test
Block 04: Time Series and Index Number
Unit 13: Components of Time Series
Unit 14: Methods of Measurement of Trend
Unit 15: Construction of Index Number
Unit 16: Test for Index Number

MCO 10 CORPORATE LEGAL FRAMEWORK

Block 01: Company Regulations

Unit 01: Evolution of Company Act and its Subsequent Amendments
Unit 02: Incorporation of a Company
Unit 03: Memorandum of Association
Unit 04: Articles of Association and Prospectus
Block 02: Share Capital
Unit 05: Meaning, Issue and Allotment of Shares
Unit 06: Transfer of Shares and Depository System
Unit 07: Declaration and Payment of Dividend
Unit 08: Types and Importance of Meetings of a Company
Block 03: Company Board
Unit 09: Director: Legal Position and Appointment
Unit 10: Director: Powers and Duties
Unit 11: Functions and Jurisdiction of Managerial Personnel
Unit 12: Dissolution of a Company
Block 04: SEBI and Consumer Protection Act
Unit 13: SEBI: Organisational Set up, Role and Functions
Unit 14: Features and Rights under Consumer Protection Act
Unit 15: Powers and Control of SEBI
Unit 16: Grievance Redressal Mechanism
MCO 11 COMPUTER APPLICATION IN BUSINESS

Block 01: Computer Fundamentals

Unit 01: Introduction to Computers
Unit 02: Windows Operating Systems
Unit 03: MS. Word, Ms PowerPoint and MS Excel
Unit 04: Application of Computer in Business Decision Making
Block 02: Application of Computer in Business Process
Unit 05: Computerised Accounting System
Unit 06: Use of Spreadsheet in Business Application
Unit 07: Introduction to ERP
Unit 08: Graphs, Charts and Electronic Spreadsheet
Block 03: Management Information System (MIS)
Unit 09: Basic Concepts and Applications in Business
Unit 10: Types and Components
Unit 11: Issues and Challenges
Unit 12: Role of MIS in Decision Making Process
Block 04: Database Management System (DBMS)
Unit 13: Introduction to Database Management
Unit 14: Accounting System using DBMS
Unit 15: Generating Accounting Reports
Unit 16: DBMS in Business Decision Making

MCO 12 HUMAN RESOURCE MANAGEMENT

Block 01: Overview of HRM

Unit 01: Evolution and Stages of HRM
Unit 02: Nature and Scope of HRM
Unit 03: Competencies of a HR Manager
Unit 04: Contemporary Challenges in HRM
Block 02: Human Resource planning
Unit 05: Meaning of HRP
Unit 06: Job Evaluation
Unit 07: Job Analysis and Design
Unit 08: HR Effectiveness
Block 03: HR Recruitment and Development
Unit 09: Recruitment
Unit 10: Selection
 Unit 11: Training, Placement and Development
Unit 12: Performance Appraisal
Block 04: Compensation Management and HR Information System
Unit 13: Compensation Management
Unit 14: Grievance and its Handling Procedure
Unit 15: Human Resource Information System and Personnel Audit
Unit 16: Human Resource Accounting
MCO 13 CORPORATE ACCOUNTING

Block 01: Introduction to Company

Unit 01: Company: Meaning and Types
Unit 02: Issue of Shares and Forfeiture of Shares
Unit 03: Issue of Debentures and Forfeiture of Debentures
Unit 04: Issue of Right Share, Bonus Share and Buy Back of Share
Block 02: Final Accounts and Treatment of Goodwill and Shares
Unit 05: Financial Statement as per Schedule 3 of Companies Act
Unit 06: Treatment of Dividend
Unit 07: Valuation of Goodwill
Unit 08: Valuation of Shares
Block 03: Concept of Amalgamation, Absorption and Reconstruction
Unit 09: Forms and Types of Amalgamation
Unit 10: Methods of Amalgamation
Unit 11: Concept of Absorption
Unit 12: Internal Reconstruction and Its Accounting Treatment
Block 04: Liquidation of Companies
Unit 13: Concept of Liquidation
Unit 14: Modes and Consequences of Liquidation
Unit 15: Liquidator’s Final Statement of Accounts
Unit 16: List B Contributors

MCO 14 TAX PLANNING

Block 01: Introduction to Direct Tax

Unit 01: Basic Concepts and Types
Unit 02: Heads of Income under ITA
Unit 03: Computation of Tax Liability
Unit 04: Deductions under ITA

Block 02: Corporate Tax Planning and Management

 Unit 05: Concept and types of Tax Planning
Unit 06: Corporate Tax Planning for Management Decisions
Unit 07: Corporate Tax Planning for Financial Decisions
Unit 08: Tax Management and Tax Administration
Block 03: Introduction to Indirect Tax
Unit 09: Concept and types of Indirect Tax(s)
Unit 10: Pre-GST and Post-GST Indirect Tax System
Unit 11: Structure of GST Models
Unit 12: Functioning of GST council and GST Network
Block 04: GST Planning and Application
Unit 13: Important terms and definition under GST
Unit 14: Levy and Collection of Tax under GST
Unit 15: Exemptions under GST Act
Unit 16: Procedure for Registration under GST

MCO 15 RESEARCH METHODOLOGY

Block 01: Introduction to Research

Unit 01: Meaning, Types and Process of Research
Unit 02: Problem Identification and its Sources
Unit 03: Literature Review and Research Gap
Unit 04: Ethics in Research
Block 02: Research Design and Data Collection
Unit 05: Theory of Sampling
Unit 06: Research Problem and Hypothesis
Unit 07: Qualitative, Quantitative and Mixed Research
Unit 08: Methods of Data Collection
Block 03: Tools and Techniques of Research
Unit 09: Levels of Measurement
Unit 10: Descriptive Statistics
Unit 11: Correlation Analysis: Assumption and Application
Unit 12: Simple and Multiple Regression Analysis
Block 04: Statistical Analysis, Report Writing
Unit 13: Statistical Packages, Languages and its Application in Research
Unit 14: Skill to Understand Research Paper Writing
Unit 15: Structure of a Research Report (Synopsis, Thesis and Project
writing)
Unit 16: Citation and Referencing (viz. APA and MLA style)
MCO 16 INTERNATIONAL BUSINESS

Block 01: Introduction to International Business

Unit 01: Origin and Evolution of International Business
Unit 02: Theories of International Business
Unit 03: Strategies for Entering into International Market
Unit 04: Tariff and Non-Tariff Barriers
Block 02: International Policy and Regulation
Unit 05: International Collaboration and Strategic Alliances
Unit 06: Regional Economic Integration (SAARC, NAFTA, etc)
Unit 07: EXIM Policy
Unit 08: Balance of Payment
Block 03: International Business Environment
Unit 09: International Monetary System
Unit 10: Foreign Exchange Market
Unit 11: Foreign Exchange Risk
Unit 12: WTO and Protectionism
Block 04: Promotion and Financing of Foreign Trade
Unit 13: Foreign Direct Investment
Unit 14: IMF and World Bank
Unit 15: Changing Trends in Global Market
Unit 16: Environmental and Labour Issue