batch 2014 onwards
Guru Kashi University
University College of Commerce & Management
Master of Commerce (Finance & Taxation)
Financial Accounting (205101)
Total Credits-6 L T P
5 1 0
Unit-I
Conceptual basis of Accounting-Nature and Purpose of accounting, basic Accounting Concepts and Conventions, Accounting Records, Balance sheet equation, Accounting Cycle, Preparation of Profit and Loss account as per schedule VI of Companies Act 1956.
Accounting standards: Purpose, Development of International and Indian Accounting Standards, Indian Accounting Standards (AS) 1,2 and 6
Issue, forfeiture and re-issue of shares; Issue and redemption of debentures; Issue of bonus shares and right shares; Underwriting of shares and debentures; Accounts of underwriters; Final Accounts and Financial statements of companies;
Unit-II
Amalgamation, Absorption, and Reconstruction of Companies, Accounting for amalgamation of companies as per Indian Accounting Standard 14; Holding company Accounts; Accounting for internal reconstruction.
Liquidation Accounts; Accounts of banking companies and insurance companies; Valuation of goodwill and shares.
Corporate Social Performance: Areas, measurement and public reporting of corporate social performance.
REFERENCES
Anthony, R.N. and Reece, J.S. : Accounting Principle: Richard Irwin Inc.
Compendium of Statement of Standards of Accounting: The Institute of Chartered Accountants of India,
New Delhi.
Gupta RK. and Radhaswamy, M. : Financial Accounting; Sultan Chand and Sons, New Delhi.
Monga J.R, Ahuja Girish, and Sehgal Ashok: Financial Accounting; Mayur Paper Back, Noida.
Shukla, M.C. Grewal T.S. and Gupta, S.C. : Advanced Accounts; S. Chand & Co., (New Delhi).
business Laws (205102)
Total Credits-5 L T P
4 1 0
Unit-I
Indian Contract Act : Offer and Acceptance, Consideration, Capacity of the parties, Free consent, Legality of object and consideration, Contingent contracts; Indemnity and Guarantee; Bailment; Agency.
The Negotiable Instruments Act, 1881: Definition, types of negotiable instruments; Negotiation; Holder and holder in due course; Payment in due course; Endorsement and crossing of cheque; Presentation of negotiable instruments.
Unit-Ii
Concept of Corporation & Legal Entity, Formation of a company; Memorandum and Articles of Association, Doctrine of Ultra Vires, Doctrine of Indoor Management, Alteration of Memorandum and Articles; Prospectus, Members of company, Shares & share capital, Transfer and Transmission of shares.
Borrowing powers of the company, Fixed and Floating charge. Management of companies, Directors and other managerial personnel; Meeting of directors and share holders; Investigations; Winding up and dissolution; E-Business and cyber law, Competition Act.
Company’s Meetings.
Suggested Readings:
· Desai T.R., Indian Contract Act, Sale of Goods Act and Partnership Act, S.C Sarkar & Sons Pvt. Ltd.,
· Kolkata.
· Kapoor, N.D., Business Law, Sultan Chand & Sons, New Delhi.
· Khergsamwala, I.S., The Negotiable Instrument Act; N.M. Tripathi, Mumbai.
· Kuchal, M.C., Business Law; Vikas Publishing House, New Delhi.
· Singh, Avtar, The Principles of Mercantile Law, Eastern Book Company, Lucknow
BUSINESS ENVIRONMENT (205103)
Total Credits-5 L T P
4 1 0
Unit-I
Theoretical Framework of Business Environment : Concept, significance and nature of business environment; Elements of environment : internal and external; Changing dimensions of business environment; Techniques of environmental scanning and monitoring.
Economic Environment of Business; Significance and elements of economic environment, Economic systems and business environment;
Economic planning in India ; Government policies: New Industrial policy, fiscal policy, monetary policy, EXIM policy; Public Sector and economic development; Development banks and relevance to Indian business; Economic reforms, liberalization and structural adjustment programme.
Unit-II
Political and Legal Environment of Business ; Critical elements of political environment ; Government and business; Changing dimensions of legal environment in India; FEMA and licensing policy; Consumer Protection Act.
Socio-Cultural Environment: Critical elements of socio-cultural environment; Social institutions and systems; Social values and attitudes; Social groups.
International and Technological Environment : Multinational corporations; Foreign collaborations and Indian business; Foreign direct Investments in India; International economic institutions : WTO,GATT, World Bank, IMF and their importance to India; Impact of Rupee devaluation; Technological environment in India ; policy on research and development; Patent laws; Technology transfer.
Privatization, Liberalization and Globalization.
Suggested Readings:
· Adhikari, A., Economic environment of business, Sultan Chand & Sons
· Adhikary, M., Business Economics, Excel Books, New Delhi.
· Aswathappa, K., Essentials of business environment, Himalaya Publishing House.
· Cherulinum, F., Business Environment, Himalaya Publishing House
· Puri, V.K. and Misra, S.K., Indian economy, Himalaya Publishing House.
· R.K.Uppal, Managing Transformation in Indian Banks with IT, Sarup and sons, New Delhi5.
RESEARCH METHODOLOGY & STATISTICAL TECHNIQUES (205104)
Total Credits-5 L T P
4 1 0
Unit-I
Introduction to Statistics, Measures of Central Tendency : Mean, Median & Mode, Measure of Dispersion, Correlation coefficient : Simple, Partial and Multiple. Regression : Simple and multiple (three variables only) and their estimation by least square method.
Time Series Analysis : Meaning & Need, Secular Trend, Seasonal variations, Cyclical and Irregular Fluctuations.
Index Numbers: Need and Meaning, Wholesale Price index Number and cost of living index numbers
Probability : Additive and multiplicative laws of probability, Probability distribution functions : Binomial, Poisson's and Normal Distributions and their applications.
.
Unit-II
Linear Programming: Graphic and Simplex Method, Transportation Problem, Assignment Problem.
Introduction to research, Nature, Objectives and Utility, Types of research, Problem formulations.
Research Design Construction : Sampling Methods (probability and non-probability based), Sampling and non-sampling errors, methods of Data collection- Primary and Secondary Sources. Questionnaire Design, Scales : Rating Scales and Attitude Scales, Hypothesis : Null and Alternative Hypothesis, type I & II errors, Testing of Hypothesis : Parametric Tests (Z, t and F Test ) and Non-parametric Tests (Chi-Square and Kendall's Coefficient of Concordance ( W test), Data Analysis, Report Writing. Statistical Quality Control(SQC).
Suggested Readings:
· Andrews, F.M. and SB. Withey; Social indicators of Well Being, Plenum Press, N.Y., 1976
· Cooper & Sindler : Business Research Methods, TMH, 6th edition.
· Fowler, Floyd J Jr ; Survey Methods, 2nd ed., Sage Pub;1993.
· Fox, J. A. and P.E. Tracy Randomized response A Method of Sensitive surveys. Sate Pub;, 1986.
· CR. Kothari; Research Methodology, Wishawa Parkashan, 2nd edition.
· Golden, Biddle, Koren and Maren D. Locke Composing Qualitative Research, Sage Pub., 1997.
· Salkind, Neil : Exploring Research, 3rd ed., Prentice Hall, NJ, 1997.
· SPSS 20.0 version.
Accounting for Managerial Decisions (205201)
Total Credits-5 L T P
4 1 0
Unit-1
Introduction to Cost Accounting and Management Accounting and their interrelationship with Financial Accounting; Financial Statements : Meaning, types and Limitation of Financial Statements;
Financial Statement Analysis: Ratio Analysis and AS 20, Common size statement Analysis, Comparative Analysis, Trend Analysis, Fund flow and Cash Flow Analysis (AS 3). Management of Working Capital
Accounting for Price level changes; Human Resource Accounting; Social and Environmental Accounting; Responsibility Accounting.
Unit-II
Introduction to Cost Behaviour; Absorption and Marginal Costing and their managerial implications; Cost-Volume-Profit Analysis; Standard Costing: types and fixation of standards; Variance Analysis: material, labour and overhead Variances;
Budgetary Control System; Types of budgets; Introduction to Performance Budgeting and Zero Based Budgeting; Uniform Costing and Inter firm Comparison, Responsibility Accounting.
Capital Budgeting, Cost of capital.
Contemporary Issues in Management accounting: Value chain analysis; Activity Based Costing; Activity Based Budgeting; Target and Life Cycle Costing; Quality Costing; Corporate Reporting Practices in India and its evaluation.
Suggested Readings:
· Anthony, RN. and Reece, J.S. Accounting Principles, 6th ed, Homewood, illinois, Richard D. irwin,1995.
· Bhattachaiya : 5.K. and Dearden J. : Accounting for Management, Text and Cases, New Delhi, Vikas,1996.
· Gupta, RI. and Raxnaswamy : Advanced Accountancy, Volume I & II, Sultan Chanc & Sons.
· Hingorani, N.L. and Rairanathan, A.R. : Management Accounting, Sthed., New Delhi, Sultan Chand,1992.
· Jawahar La! : Cost Accounting , Vikas Publishing House, New Delhi.
· Maheshwari, S.N. : Advanced Accounting, Vikas Publishing House, New Delhi.
OPERATIONS RESEARCH (205202)
Total Credits - 5 L T P
4 1 0
COURSE OBJECTIVE:
The objective of this paper is to acquaint the students with various quantitative techniques which are of great importance for quantitative decision-making.
COURSE CONTENTS:
Unit-I
Operations Research: Evolution, methodology and role in managerial decision making; Linear programming: Meaning, assumptions, advantages, scope and limitations; Formulation of problem and its solution by graphical and simplex methods; special cases in simplex method: infeasibility, degeneracy, unboundedness and multiple optimal solutions; duality.
Unit-II
Transportation problems including transshipment problems; Special cases in transportation problems: unbalanced problems, degeneracy, maximization objective and multiple optimal solutions; assignment problems including traveling salesman’s problem. Special cases in assignment problems: unbalanced problems, maximization objective and multiple optimal solutions.
Unit-III
PERT/CPM: Difference between PERT and CPM, network construction, calculating EST, EFT, LST, LFT and floats, probability considerations in PERT, time-cost trade-off. Decision theory: decision making under uncertainty and risk, Bayesian analysis, decision trees.
Unit-IV
Game theory, pure and mixed strategy games; principle of dominance; two person zero sum game; Replacement Models: Group Replacement, Individual Replacement; Sequencing: Concepts, Solutions of processing ‘n’ jobs through – ‘1’, ‘2’, ‘3’ and ‘m’ machines, Processing ‘2’ jobs through ‘m’ machines; Dynamic Programming Problems
Suggested Readings:
1. Paneerselvam, Operations Research, Prentice Hall of India, N.Delhi.
2. Taha, Operations Research: An Introduction, Prentice Hall of India, N.Delhi.
3. Vohra, N.D.; Quantitative Techniques in Management; Tata McGraw Hill Publishing Company Ltd., New Delhi.
4. Kapoor, V.K., Operations Research; Sultan Chand & Sons, New Delhi.
5. Sharma, J.K., Operations Research: Theory and Applications, Macmillan India Ltd, New Delhi.
6. Kalavathy, Operations Research, Vikas Publishing House, New Delhi.
MARKETING MANAGEMENT (205203)
Total Credits-5 L T P
4 1 0
Unit-1
Marketing : Meaning, importance, scope and various concepts, Tasks of marketing manager under different demand situations, marketing environment. Consumer Behaviour : Meaning, importance, major factors influencing buyer behaviour, various stages of the buying decisions process; Business buying behaviour. Identifying market segments and selecting target markets.
Product Decisions: Concept of a product, classification of products, major products decisions, product line and product mix Branding; Packaging and labelling; Product life cycle-strategic implications; New product development and consumer adoption process.Pricing Decisions : Factors affecting price determination; Pricing policies and strategies; Discounts and rebates.
UNIT-II
Physical Distribution Decisions : Nature, functions and types of distribution channels, Channel management decisions, retailing and wholesaling.
Promotion Decisions : Communication process; Promotion mix: advertising personal selling, sales promotion. Publicity and public relations; Determining advertising budget; Copy designing and its marketing;
Media selection; Advertising effectiveness : promotion tools and techniques; Various steps in selling; Training, supervising, motivating the sales force. Managing Direct and Online Marketing.
Marketing Organisation and Control : Organising and controlling major operations.
References
1. Czinkota & Kotabe , Marketing Management, Vikas Publishing, New Delhi.
2. Douglas, J., Darymple, J. & Parsons, L. J. , Marketing Management: Text and Cases, Seventh
Edition, John Wiley and Sons.
3. Kotler, P., Marketing Management: Analysis, Planning, Implementation & Control, Prentice Hall
of India, New Delhi.
4. Michael, J. E,.Bruce, J.W, and William, J.S. , Marketing Management, Tata McGraw-Hill, New
Delhi.
ADVANCED TAX LAWS AND PRACTICE (205204)
Total Credits-6 L T P
5 1 0
Wealth Tax: Charge of wealth tax, assets, deemed assets and assets exempted from tax, valuation of assets, Computation of net wealth and wealth tax liability, Return of wealth and provisions concerning assessment.
Value Added Tax (VAT): Justification, objectives and benefits of VAT, Types and methods of computation of VAT, VAT Methodology and VAT – Registration, returns, audit and penal provisions.
Services Tax: Need, Statutory provisions, taxable services, valuation, administrative mechanism and procedural aspects, rates and computation of tax, payment & djustment of service tax, Penalties under services tax, Challenges before services tax administration in India.
Central excise laws: Basis of chargeability of duties of central excise- classification and valuation of excisable goods, assessment procedure, recovery and refund of duties. Clearance of excisable goods, filing of returns; CENVAT, Custom Duty.
REFERENCES:-
Anand G, Srinivasan: Direct Taxes Code 2009 & Income Tax Act 1961, Taxmann Publications Pvt.
Ltd., New Delhi.
Sareen,V.K., Sharma,Ajay: Indirect Taxes, Kalyani Publishers, New Delhi.
Singhania, Vinod K. and Singhania, Monica: Corporate Tax Planning and Business Tax Procedures,
Taxmann Publication, New Delhi
Ahuja G.K. and Gupta, Ravi : Systematic Approach to Income Tax and Central Sales Tax, Bharat Law
House, New Delhi.
Income Tax Act, Income Tax Rules, and Annual Finance Act.
Lakhotia,R.N: Corporate Tax Planning, Vision Publications, Delhi.
Mehrotra, H. C.and Goyal,S.P., Corporate Tax Planning and Management , Shahitya Bhawan, Agra.
Singhania, Vinod K.: Direct Tax Planning and Management, Taxmann Publication, Delhi.
Management of Financial Services (205205)
Total Credits-5 L T P
4 1 0
Unit-I
Financial Services Nature & types; Regulatory Environment of Financial Services; Marketing of Financial Services.
Merchant Banking: Role, Services provided by merchant banks, SEBI Regulations, Recent Developments, Code of Conduct, Self regulation (AMBI) by merchant banks, Underwriting: Concept, Registration, SEBI guidelines, Recent Developments.
Credit Rating: Meaning, Significance, Types, Rating Methodology, Drawbacks, SEBI regulations for credit rating, Credit Rating Agencies in India: CRISIL, ICRA & CARE lease Financing: Types and basis, present scenario in India.
]Unit-II
Mutual Funds: Meaning, types, Risks involved in Mutual Funds, Registration of Mutual Funds, Trustees, Asset Management.
Housing Finance: Introduction, types procedure for loan disbursement, housing finance market in India. companies and custodian, Regulation of Mutual Funds: SEBI guidelines, Recent Developments, Marketing of Mutual Funds in India.
Venture Capital: Characteristics, SEBI Guidelines, Venture Capital Funds in India; Factoring: characteristics & forms. Factoring in India.
Forfeiting: Concept, sequence of operations in forfeiting, in India.
Securitization: Meaning, features, mechanizing, benefits, depository services: Role of depositories and their services, advantages of depository system, NSDL and COSL depositors participants and their role; stock broking service including SEBI Guidelines. Consumer Finance: Introduction, growth & present scenario in India.
BOOKS RECOMMENDED :
1. Fisher & Jordon : Security Analysis & Portfolio Management.
2. Puller & Farrel : Modern Investment & Security Analysis.
3. Bhalla ,V.K. : Investment Management, S. Chand and Company Ltd.
4. Sharpee, Alexander Bailey : Investments.
5. Jack Clark Francis : Management of Investment, McGraw- Hill.
6. Singh, Preeti : Investment Management.
CORPORATE TAX PLANNING AND MANAGEMENT (205301)
Total Credits-5 L T P
4 1 0
UNIT-I
Basic framework of Direct Tax Laws in India, Relative importance of the Income Tax Act and the Finance Act, Basis of charge under Income Tax Act, Introduction with the various Heads of Income, Computation of taxable income under capital gains and other sources,