KAZI NAZRUL UNIVERSITY

Syllabus
B.Com Semester-III
FINANCIAL ACCOUNTING-II
Type: Major Code: BCOMMJ301
FM-100(CA-30: + SE: 70)

Unit 1: Theoretical Framework and Basic Concept: (i) Accounting as an information system - the
users of financial accounting information and their needs - overview of Artificial Intelligence and Data
analytics in accounting. (ii) Qualitative characteristics of accounting information - Accounting estimate -
Accounting policies - Fair value - Meaning, Recognition and Disclosure requirements of provision -
Contingent liability and Contingent asset (iii) Accounting Standards: Concept, Benefits, and Process of
formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs;
convergence vs adoption; Application of accounting standards (AS and Ind AS) on various entities in
India - International Financial Accounting Standards (IFRS) –Meaning, Need, and Scope - Accounting
Treatment of GST.

Unit 2: Business Income, Accounting for Property, Plant and Equipment, and Valuation of
Inventory: (i) Business income: Concept of Revenue and Business Income - Measurement of business
income; relevance of accounting period, continuity doctrine and matching concept in the measurement of
business income; Objectives of measurement of Business income. (ii) Revenue recognition with reference
to AS 9. (iii) Accounting for Property, Plant, and Equipment with reference to AS 10 - Impact of
Depreciation on measurement of business income - Accounting for Intangible Assets with reference to
AS 26. (d) Valuation of Inventory with reference to AS 2 - Impact of inventory valuation on measurement
of business income by using FIFO, LIFO, and Weighted Average Method.

Unit 3: (i) Business Projection: Preparation of Projected and Estimated Financial Statement, Credit
Monitoring Arrangement(CMA), DPR for Business Loan
 -2-
(ii) Investment Accounting: Investment Ledger-Cum-dividend-Ex-dividend-onus Share-Right
Share

Unit 4: Accounting for Inland Branches, Departments: (i) Accounting for Inland Branches: Concept
of Dependent branches; Branch Accounting as per- Debtors System, Stock and Debtors’ System (ii)
Accounting for Departments (Including Mark-up Account)

Unit 5: Self &Sectional Balancing System: Self-Balancing System – Objectives – Advantages - Contra
Balance - Inter Ledger Transfer - Sectional Balancing System - Objectives, Advantages; Difference
Between Self and Sectional Balancing; Rectification of Errors under Self Balancing System; Accounting
Entries; Problems.

Unit-6: Advanced Issues in Partnership Accounts: Amalgamation of Partnership Firms, Closing the
Books of Old Firm; Opening the Books of New Firm; Issues Related to LLP; Concepts of Formation of
LLP, Limitation of Liabilities of LLP and its Partners and Designated Partners; Solution of Simple
Problems relating to Conversion of Firm into LLP; Sale of Firm to a Company.

Unit-7: Government Accounting: Govt. Accounting, Features-PFMS: Modules – PAO, Pr.AO, GPF,
EIS, Pension, CDDO, NTRP, Monthly Accounts Consolidation etc., Cash Based IPSAS- Accrual Based
IPSAS, Overview of IPSAS, Indian Accounting Standard & Role of GASAB- Accounting Structure for
Local Bodies Urban & Panchayat Accounts; Integration with PFMS and G-20 commitments regarding
accounting for GoI,

Teaching - Learning Process

Teaching learning process may be interactive classroom sessions with the help of Power Point
presentations, reflective assessment and case study discussions to ensure active participation and
continuous learning.

Continuous Evaluation (30): Project Preparation-15 Marks, Project Presentation through PPT and Viva-
15,

Project Topics: 1. Collect and examine the balance sheets of business Organisations to study how these
are prepared. 2. Prepare Trading and Profit & Loss Account and Balance Sheet collecting necessary data
 -3-
from small business firms. 3. Prepare financial statements manually and using appropriate software. 4.
Collect data from your college and prepare Receipt and Payment Account, Income and Expenditure
Account and Balance Sheet. 5. Prepare DPR for Bank Loan

Semester End Examination (70): Time 4 Hours

Suggested Readings:
Anthony, R. N., Hawkins, D., & Merchant, K. A. Accounting: Text and Cases‖ McGrawHill Education India.
Dam, B. B., & Gautam, H. C. “Financial Accounting” Gayatri Publications, Guwahati.
Goldwin, N., Alderman, W., & Sanyal, D. “Financial Accounting” Cengage Learning, Boston.
Goyal, B. K., & Tiwari, H. N. “Financial Accounting” Taxmann Publication, New Delhi.
Horngren, C. T., & Philbrick, D. “Introduction to Financial Accounting” Pearson Education, London.
Kumar, A. “Financial Accounting” Singhal Publication.
Lal, J., Srivastava, S. & Abrol. Shivani. Financial Accounting Text & Problems‖ Himalaya Publishing House, Mumbai.
Lt Bhupinder “Financial Accounting – Concepts and Applications” Cengage.
Maheshwari, S. N., Maheshwari, S. K., & Maheshwari, S. K. “Financial Accounting” Vikas Publishing House Pvt. Ltd., New
Delhi.
Monga, J. R. & Bahadur, R. “Financial Accounting: Concepts and Applications” Scholar Tech Press, New Delhi.
Sehgal, A. & Sehgal D. “Fundamentals of Financial Accounting” Taxmann.
Sehgal, D. “Financial Accounting” Vikas Publishing House Pvt. Ltd., New Delhi.
Shukla, M. C., Grewal, T. S., & Gupta, S. C. “Advanced Accounts. Vol.-I.” Sultan Chand Publishing, New Delhi. Tulsian, P.
C. “Financial Accounting” S CHAND LTD., New Delhi. Additional Resources:

***
 Syllabus
B.Com Semester-III
Direct Tax
Paper Code: BCOMKJ302
Full Marks-100(CA-30 + SE 70)

Unit–I: Introduction: Concept of Tax- Types of Direct and Indirect Taxes –Canons of
Taxation -Features and History of Income Tax in India. Definitions and Basic Concepts of
Income Tax: Assessee –Deemed Assessee –Assessee-in-default, Assessment Year –Previous
Year -Person –Agricultural Income –Heads of Income –Gross Total Income –Total Income –
–Incomes Exempt from Tax (under Section 10). Residential Status and Scope of Total
Income: Meaning of Residential Status –Conditions applicable to an Individual Assessee –
Incidence of Tax –Types of Incomes, (Theory only).

Unit–II: Income from Salaries: Definition of ‘Salary’ –Characteristics of Salary –

Computation of Salary Income: Salary u/s 17(1) Annual Accretion –Allowances –Perquisites
–Profits in lieu of Salary –Deductions u/s. 16 Problems on computation of Income from
Salary

Unit –III: Income from House Property: Definition of ‘House Property’ –Exempted House
Property incomes–Annual Value –Determination of Annual Value for Let-out House and
Self-occupied House –Deductions u/s.24 –Problems on computation of Income from House
Property

Unit–IV: Profits and Gains of Business or Profession: Definition of ‘Business and

Profession’ –Procedure for computation of Income from Business Revenue and Capital
nature of Incomes and Expenses –Allowable Expenses u/s. 30 to 37 –Expenses expressly
disallowed –Deemed Profits –Miscellaneous provisions u/s 44. Depreciation: Meaning
Conditions for charge of depreciation –Problems on computation of Income from Business.
Income from Profession: Rules–procedure –problems on computation of Income from
Profession.
 -2-
Unit –V: Capital Gains and Income from Other Sources: Introduction –Meaning –Scope
of charge –Basis of charge –Short term and Long term Capital Assets –Transfer of Capital
Asset –Deemed Transfer –Determination of Cost of Acquisition Procedure for computation
of Long-term and Short-term Capital Gains/Losses –Exemptions in respect of certain Capital
Gains u/s. 54 –Problems on computation of capital gains –General Incomes u/s. 56(1) –
Specific Incomes u/s. 56(2) –Dividends u/s. 2(22) –Winnings from lotteries Puzzles, crown
world puzzles, Races –Interest on Securities –Gifts received by an Individual Casual Income
–Family Pension –Rent received on let out of Furniture-Plant and Machinery with/without
Building –Deductions u/s. 57. (Theory only)

Unit- VI: Set off and Carry Forward, Deductions and Rebate
a) 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.
b) Deductions from Gross Total Income Basic concepts, deductions u/s 80C, 80CCC,
80CCD, u/s 80CCD (1B),80CCE, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80GGC, 80TTA,
80U
c) Rebate u/s 87A
d) Tax Calculation under New Tax Regime-115BCA
Unit VII: Direct Tax Management: PAN, TDS, TCS, Advance Tax, MAT, Tax Evasion,
Tax avoidance, Tax planning (concept Only) Income Tax Slab, Due Date of Return
Submission, Different Types of Return. Return Filing of Salaried Employee-
ITR1, ITR2, ITR3, ITR4, ITR 5.

Teaching Learning Process

Teaching learning process may be interactive classroom sessions with the help of Power Point
presentations, reflective assessment and case study discussions to ensure active participation
and continuous learning.

CA(30 Marks): 15 Marks File any one(1) ITR out of ITR-1,ITR-2 or ITR-4and prepare a
report (2) Compute Tax Liability of an Individual
Viva: 15 Marks
ES(70): Written Examination Time 4 Hours
 -3-
Suggested Readings:

Income Tax Law and Practice: V.P. Gaur & D.B Narang, Kalyani Publishers.
Taxation: Dr. M.N. Ravi, PBP.
Direct Taxes Law & Practice: Dr. Vinod K. Singhania & Dr. Kapil Singhania, Taxmann
Income Tax: B.B. Lal, Pearson Education.
Taxation: R.G. Saha, Himalaya Publishing House Pvt. Ltd.
Income Tax: Johar, McGrawHill Education.
Taxation Law and Practice: Balachandran &Thothadri, PHI Learning.
Direct Tax Law and Practice: Ahuja Girish
Income Tax: Dr. P.V. Ramana Rao & Dr. A. Sudhakar, National Publishing Co.
 KAZI NAZRUL UNIVERSITY
Syllabus
B.Com Semester-III
Human Resource Management
Subject Code: BCOMMN301 (Minor)
Full Marks 100(CA-30+ ES 70)

Unit I: Introduction: Meaning, importance and scope of Human Resource Management;

functions, status and competencies of Human Resource manager; Difference between
Personnel and Human Resource Management; Human Resource Management Process, Job
analysis-job description and job specification; HR Policies. Management Development, Role
Play, In-basket Exercise, Simulation, Vestibule Training, Management, Games, Case Study,
Programmed Instruction, Sensitivity Training.

Unit II: Human Resource Planning, Recruitment, and Selection: Concept and Definition
of Human Resource Planning- Human Resource Planning quantitative and qualitative
dimensions; Concept and importance of Human Resource Information System (HRIS), -
Recruitment-Sources, Selection-methods, Placement, Orientation, Induction, and
socialization an overview; HRM issues and practices in the context of outsourcing as a
strategy

Unit III: Training & Development: Training – need, types, and evaluation; Role specific
and competency-based training. Distinction between training and development, On the Job &
Off the Job Training, Developing Human Resources; Concept of Strategic HRD, HRD
Interventions-Performance Appraisal, Potential Appraisal, Performance Coaching and
Feedback, Career Planning, Training, Systems Development, Promotion , Transfer,
Retirement, Delegation, Rewards
 -2-

Unit IV Job Evaluation, Performance Appraisal and Compensation: Concept and

Definitions of Job evaluation, objectives of Job evaluation, process of Job evaluation/ scope
of Job evaluation, methods of Job evaluation, Job evaluation other terminologies like job
analysis, Jon specification and job description, Performance appraisal- nature and objectives,
Benefits of providing effective performance appraisals, Factors to consider for performance
appraisals, methods of performance appraisal, potential appraisal & employee counselling;
Job changes-transfers and promotions.

Unit V: Compensation Management: Compensation-concept and policies, base and

supplementary compensation, performance linked compensation-individual, group and
organisation level, Compensation Classification-Types-Incentives-Frenge Benefits-The Wage
Mix-The Wage Curve-Pay Grades-Salary Matrix-Compensation as a Retention Strategy-
Compensation Management in Multi National Organisation

Unit VI: Employee Maintenance and Employer Employee Relations: Concept of

Employee Maintenance and its significance, Meaning of employer-employee relationship,
Elements to build a strong employee and employer relationship, Benefits of an employer-
employee relationship, Ways to enhance the employer-employee relationship, Grievance
handling and redressal, Buiding Relationship-Trade union-Managing conflict, Disciplinary
process, Collective Bargaining, Workers participation in management,

Unit VII: Human Resource Management in Changing Environment: Recent trends in

human resource management, Work from home, Changing patterns of employment,
Employee engagement – Concept, Significance and Types, HR Audit, Challenges in Human
Resource Management – Workforce Diversity, Attrition, Downsizing, Employee
Absenteeism, Work life Balance, Sexual Harassment at work place, Employee
Empowerment. Employee health and safety, employee welfare, social security (excluding
legal provisions); Grievance handling and redressal; Industrial disputes – Causes and
settlement machinery;

Teaching Learning Process

Teaching learning process may be interactive classroom sessions with the help of Power
Point presentations, reflective assessment and case study discussions to ensure active
participation and continuous learning.
 -3-
CA(30 Marks) -(i) Group Discussion and (ii) Personal Interview (iii) Problem-Solution
Analysis (iv) Case Study

ES(70 Marks): Written Examination Time 4 hours

Suggested Readings:
Decenzo, D. A., & Robbins, S. P. (2011). Fundamentals of Human Resource Management. India: Wiley.
Dessler, G. (2017). Human Resource Management. Pearson.
Muller-Camen, M., Croucher, R., & Leigh, S. (2016). Human Resource Management: A Case Study Approach.
CIPD. Viva Books.
Pattanayak, B. (2018). Human Resource Management. Delhi. Prentice Hall of India.
Rao, V. Human Resource Management: Text and Cases. Excel.
Raistogi, S. Management of Human Resources. Sun India.
Gomez-Mejia, Luis R., D.B. Balkin and R.L. Cardy: Managing Human Resources, Prentice Hall, New Jersey.
Ian, Beardwell and Len Holden: Human Resource Management, MacMillan, Delhi.
Dwivedi, R.S.: Managing Human Resources: Personnel Management in Indian Enterprises, Galgotia Publishing
Company, New Delhi
Harzing, A.W. and Joris Van Ruysseveldt: International Human Resource Management: An Integrated
Approach, Sage Publication, London
Dowling, Peter J., D.E. Welch and R.S. Schuller: International Human Resource Management: Managing
People in a Multiple Context, South Western College Publishing Cincinnati.
Seema Sanghi: Human Resource Management, Vikas Publishing House
S.S. Khanka: Human Resource Managementm S. Chand Publishing

***
 Syllabus
B.Com Semester-III
Indian Economy
Course Code: BCOMMMD301
Course Type-MD
Full Marks 50(CA-15+ ES -35)

Unit 1- Basic Features of Indian Economy: Features of Indian Economy as a developing

economy, composition of national income, occupational structure , trend of per capita income in
India, trends of pattern of population growth, problem of poverty, poverty alleviation
measures, problems of unemployment and policy measures, Human development,
Environmental concern , Basic issues in economic development, concept and measures of
development and underdevelopment-Human Development-WPI-CPI-Inflation Premium-

Unit -2 Agriculture : Characteristics of Indian agriculture , roles of agriculture in Indian

economy, causes of low productivity, problem of Indian agriculture, impact of land reform,
Green Revolution in Indian economy, PDS, food security,– Krishonnati Yojna, Pandit Din Dayal
Upadhyaya Unnat Krishi SikshaYojna(PDDUUKSY)-Agriculture Marketing-Model APMC Act-
Model Contract Farming Act-Agri Credit-Climate Smart Agriculture

Unit-3 Industry: Public sector- roles, performance and reforms, New Industrial policy, public
sector vs private sector, Small scale sector, Cottage and MSME- importance and problems. Role
of foreign capital, challenges associated with industrial sector in India, FDI and its types, Role
of foreign capital.Stock Market in India-Stock exchange and important terms of stock market-
Primary and secondary markets-IPOs-Mutual Funds-Commodity Market-GeM

Unit – 4 Financial Sector: Financial sector: structure, performance and reforms .Foreign trade
and balance of payment ,structural changes and performance of India’s foreign trade, export
policies and performance ,India and the WTO, Role of FDI, capital account convertibility,
Globalization – GATT, IMF, IBRD.
 -2-

Unit -5 (i) Planning in India: Objectives, achievement and failure, evolution of objectives of
economic planning, NITI AYOG and its functions,Planning commission – composition and
functions-Inclusive Growth-Resource Mobilization- Investment Models-Gold Investment
chemes-Mudra Bank

(ii) Economic Reforms: Obligatory Reform Measure-The LPG reforms-Generations of

Economic Reforms-Disinvestment-New Economic Policy

Teaching Learning Process

Teaching learning process may be interactive classroom sessions with the help of Power Point

presentations, reflective assessment and case study discussions to ensure active participation and

continuous learning.

CA(15 Marks): Assignment, Viva, PPT Presentation, Term paper may be used for continuous
evaluation.

ES(35): Written Examination, Time 2 Hours

Suggested Readings:
Mishra and Puri, Indian Economy, Himalaya Publishing House. Compiled by- Priyanka Burnwal

IC Dhingra, Indian Economics, Sultan Chand & Sons.

Gaurav Dutt and KPM Sundarum, Indian Economy, S. Chand & Company.

Bhagwati, J. and Desai, P. India: Planning for industrialization, OUP, Ch 2. 5. Patnaik, Prabhat. Some Indian
Debates on Planning. T. J. Byres (ed.). The Indian Economy: Major Debates since Independence, OUP.

Ahluwalia, Montek S. State-level Performance under Economic Reforms in India in A. O. Krueger. (ed.). Economic
Policy Reforms and the Indian Economy, The University of Chicago Press.

Dreze, Jean and Amartya Sen. Economic Development and Social Opportunity. Ch. 2. OUP.

Khanna, Sushil. Financial Reforms and Industrial Sector in India. EPW, Vol. 34. No. 45.

Uma Kapila (ed), ―Indian Economy since Independence , Relevant articles.

Rangarajan, C. and N. Jadhav. Issues in Financial Sector Reform. Bimal Jalan. (ed). The Indian Economy. Oxford
University Press, New Delhi.

Fernando, A.C, Indian Economy, Pearson.

Prakash, B.A, The Indian Economy Since 1991, Pearson.

***