Business Law

Business Law - I

Semester I

14 BCPC 01 Hours of Instruction/week: 4

No. of credits: 3

Objectives

To understand the legal formalities as regards business and its practice.

To understand the legal provisions of The Indian Contract Act, 1872.

To know the legal provisions of The Law of Agency, The Sale of Goods Act, 1930

Unit I The Indian Contract Act, 1872, An Overview

Meaning of Contract, Essential Elements of Contract, Offer And Acceptance, Consideration, Legality of

Object, Free Consent, Kinds of Contract.

Unit II Execution and Non Execution Of Contractual Performance

Capacity to Contract, Performance of Contract, Discharge of Contract, Remedies for Breach of Contract.

Unit III Indemnity And Guaranty

Meaning, Rights of Surety, Discharge of Surety, Bailment and Pledge, Duties of Bailor and Bailee, Rights

and Duties of Finder of Goods Lost, Pledge by Non Owners.

Unit IV Law of Agency

Meaning, Kinds of Agency, Rights and Duties of Agents, Liability of Principal and Agent, Termination of

Agency.

Unit V The Sale of Goods of Act, 1930

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Formation of Contract, Conditions and Warranties, Transfer of Property, Rights of An Unpaid Seller.

Total Hours: 60

Text book:

1. Kapoor N.D (2013), Elements of Mercantile Law. Twenty Ninth Edition. Sultan Chand & Sons, New

Delhi.

Reference books:

1. Gogna.P.P.S (2013). Mercantile Law. S. Chand and Company Limited, New Delhi.

2. Tulsian P.C (2010). Mercantile Law for CA Common Proficiency Test (CPT), Second Revised Edition,

Tata McGraw Hill Publishing Company, New Delhi.

Money and Banking

Semester I

14 BCPC 02 Hours of Instruction/week: 4

No. of credits: 3

Objectives:

To enable the students to understand the basic concepts of money and commercial

Banking;

To create awareness about the Money and the Banking transaction with the upgraded

changes;

To update the rules and regulations of Money and Banking systems and techniques.

UNIT I Concept of Money and its importance

Money, Concepts, Functions, Importance, Classification of Money, Monetary Standards, Value of

Money, Supply and Demand of Money, Measures to Control Money Supply In India.

UNIT II Theories of Money

Theories of Money, Quantity, Income, Liquidity Theories, Inflation, Deflation, Reflation, Monetary

Policies, Objectives, Money Market Sectors, Characteristics, Financial Institutions In Money Market.

UNIT II Banking Development and Structure

Banking, Development of Banking in India, System of Banking, Group, Chain, Unit and Branch Banking,

Banking Structure in India, Commercial Banks, Regional Rural Banks and Developmental Banks.

UNIT IV Commercial Banks and its Functions

Commercial Banks, Functions and Services, Banking Principles, Deposits and Loans, Types, Employment

of Funds by Commercial Banks, Credit Creation, Investment Banking, Retail Banking, Universal Banking,

Recent Trends.

UNIT V Reserve Bank of India (RBI) and its Functions

RBI, Objectives, Organisation, Functions of RBI, Monopoly of Note Issue, Control of Credit, Bank Rate,

Slab System of Lending Rates, Tier System, Other Activities of RBI.

Total Hours: 60

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Text book:

1. Jhingan .M.L,( 2011) Money, Banking, International Trade and Public Finance, Stosius Inc/Advent Books Division;

Reference books:

1. Seth M.L,(2012) Money, Banking, International Trade and Public Finance, Lakshmi Narain Agarwal Educational Publishers, New Delhi

2. Hajela. T.N. and Shaw.S.E.,(2012) Money and Banking :Theory with Indian banking, Ane Books Pvt. Ltd. New Delhi.

3. Sundaram K.P.M.(2012), Murugesan . M., Money Banking and Public finance, Ane Books Pvt. Ltd. New Delhi.

4. Shekar and Shekar(2012) : Banking Theory and Practice , Vikas Publishing House, New Delhi.

Fundamentals of Accounting , I

Semester I Hours of Instruction/week: 5

14BCPC 03 No. of credits: 3

Objectives

To introduce basic concepts of financial accounting system.

To develop an intense understanding of financial accounting system.

To develop conceptual understanding of the fundamentals of the financial accounting system.

Unit I Introduction

Definition of Accounting, Need and Scope of Accounting, Book Keeping, Accounting Concepts and

Conventions, Double Entry System of Book Keeping. Accounting Standards, Concepts, Objectives and

Benefits, Journal, Ledger, Subsidiary Books, Bank Reconciliation Statement, Trial Balance and

Rectification of Errors.

Unit II Accounts of Non , Trading Concerns

Capital and Revenue Expenditure and Receipts, Contingent Assets and Liabilities, Preparation of Receipts

and Payments Account, Income and Expenditure Account and Balance Sheet. Bills of Exchange,

Definition, Type of Parties, Features, Accounting Treatment

Unit III Final Accounts

Preparation of Final Accounts for Sole Proprietors, Manufacturing Account, Trading and Profit and Loss

Account and Balance Sheet, Adjustment and Closing Entries.

Unit IV Consignment

Meaning, Definition, Features, Preparation of Account Sales, Accounting Treatment, Valuation of

Consignment Stock, Normal and Abnormal Loss, Invoice Price. Joint Venture Meaning and

Characteristics, Difference Between Joint Venture and Consignment, Methods of Recording Joint

Venture Transactions.

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Unit V Depreciation

Meaning, Methods of Providing Depreciation, Accounting Treatment of Depreciation, Change in

Depreciation Methods. Account Current, Meaning, Methods of Calculating Interest, Average Due Date.

Total Hours: 75

Text book:

1. Jain S.P. and Narang.K.L (2013). Advanced Accountancy. Kalyani Publications, New Delhi.

Reference books:

1. Gupta.R.L (2013). Advanced Accountancy. Sultan Chand & Sons, New Delhi.

2. Basu and Das(2013)., Advanced Accountancy. Himalaya Publishing House, New Delhi.

3. Tulsian P.C (2013). Advanced Accountancy., Tata McGraw Hill Publishing Co., Ltd, New Delhi.

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4. Shukla M.C Grewal T.S ,S.C.Gupta, (2013). Advanced Accounts. Sultan Chand & Sons, New Delhi.

Common Proficiency Test (CPT)


- No. of credits: 2

Common Proficiency Test (CPT) offered in Semester I covers the syllabi of three papers namely

Business Law - I, Fundamentals of Accounting - I and Money and Banking. Examination for this course

will be conducted only at the end of II Semester.

Interdisciplinary Course

Allied Paper - I

Business Statistics


14BCP101 No. of credits: 3

Objectives

Analyzing and interpreting data

Applying the statistical tools for solving economic problems.

Unit I: Introduction

Meaning; Scope of Statistics, Characteristics and Limitations; Primary and Secondary Data, Sources ,

Methods of Collecting Primary Data; Classification and Tabulation of Data; Presentation of Data;

Formation of Frequency Distribution; Diagrammatic and Graphic Method, Simple, Multiple and

Subdivided Bar Diagram, Cumulative Frequency Curves

Unit II: Measures of Central Tendency

Requisites of a good average; Various Measures of Central Tendency, Arithmetic Mean, Median, Mode,

Geometric Mean

Unit III: Measures of Dispersion

Range, Quartile Deviation, Mean deviation, Standard Deviation and Lorenz curve, Coefficient of variation

Unit IV: Correlation Analysis

Simple correlation; Karl Pearson’s co-efficient of correlation, Rank correlation, Concurrent deviation

method, (Grouped data omitted); Interpretation of coefficient of correlation.

Unit V: Regression analysis

Regression equation, Graphic and algebraic methods and Uses

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Total Hours: 60

Text books:

1 Gupta, S.P. (2007), Statistical Methods, Sultan Chand & Son Publications, New Delhi. 2 Indra Gupta (1988), Business Statistics, Himalaya Publishing House, New Delhi.

Reference books:

1. Alience Mani,(1999), Fundamentals of Business Statistics, Supreme Publishing House

2. Vittal P.R. (2001),Business Statistics, Margham Publications, Chennai

Business Economics

Semester II Hours of Instruction / Week: 5

14BIED02 No. of credits: 4

Objectives

To explain to the students the importance of business units.

To examine the concepts and principles relating to business units.

Unit I Introduction

Introduction to Business Economics, Scope of Business Economics, Responsibilities of a Business firm,

Demand Forecasting.

Unit II Consumer Analysis

Consumption, Wants, Utility, Demand, Elasticity, Types and Consumer’s Equilibrium, Indifference Curves

Approach.

Unit III Production

Production Function, Elasticity of Supply, Classification of Markets, Time Element.

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Unit IV Pricing

Pricing Under Different Market Structure.

Unit V Capital Budgeting

Capital Budgeting, Discounted Cash Flows, Net Present Value.

Total Hours: 75

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Text books:

1. Ahuja. H.L (2012). Principles of Micro Economics, A New Look. Text Book of Micro Economic

Theory. S.Chand & Company Ltd, New Delhi.

2. Sankaran, S (2013). Micro Economics. Margham Publishers, Chennai.

References books:

1. Jhingan (2010). Micro Economics. New Delhi.

2. Sankaran, S (2011). Business economics. Sultan. Chand & Co, New Delhi.

Company Law

Semester II Hours of Instruction / Week: 5

14BCPC04 No. of credits: 3

Objectives:

To understand the formalities involved in the formation and management of companies

To encourage the development of student skills in legal reasoning and analysis

To introduce students to the economic function of the company as a legal structure for

business

To provide students with an awareness of current policy trends and development in

company law

UNIT I Incorporation of Companies

Company, Definition, Kinds of Companies, Company Law in India, Incorporation of a

Company, Procedure for Incorporation, Certificate of Incorporation, Promoter, Preliminary or

Pre – Incorporation Contract, Commencement of Business, Memorandum of Association, Article

of Association, Prospectus, Commencement of Business, Doctrine of Indoor Management.

UNIT II Capital Structure

Share Capital, Kinds of Share Capital, Alteration of Capital, Voting Rights, Shares Types of Shares,

Application and Allotment of Shares, Share Certificate, Share Warrants, Transfer and Transmission of

Shares, Debentures, Definition, Kinds of Debentures, Rights of Debenture Holder, Register of Debenture

and Debenture Holders.

UNIT III Meetings and Resolutions

Members, Shareholders, Register and Index of Member, Rights and Duties, Meetings and Resolutions,

Kinds of Meeting, Annual General Meeting, Extra, Ordinary Meeting, Meetings of Directors, Kinds of

Resolution –Minutes.

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UNIT IV Management of Companies

Management of Companies, Directors, Appointment, Qualification, Removal, Powers and Duties, Legal

Position, Managerial Remuneration, Principles of Majority Rule, Prevention of Oppression and Mis-

Management.

UNIT V Winding Up of Companies

Winding Up, Meaning of Winding Up, Modes of Winding Up, Winding Up by the Court, Powers of the

Court, Consequences of Winding Up Order, Procedure of Winding up by the Court, Contributory,

Voluntary Winding Up, Winding Up Subject to Supervision of Court, Consequences of Winding Up.

Total Hours: 75

Text book:

1 N.D. Kapoor (2013), Company Law , Sultan Chand & Sons.

References books:

1. Avtar Singh, (2012), Company Law, Eastern Publications, Lucknow.

2. Shah (2012), Lectures on Company Law.

3. Reddy Appannaiah (2013), Company Law and Secretarial Practice Himalaya Publishing House.

4. N.D.Kapoor, (2013), Elements of Mercantile Law, Sultan Chand & Sons.

5. P.P.S.Gogna. (2013),Company law, S. Chand & Co. Ltd. New Delhi.

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6 N.D. Kapoor, (2013), Company Law and Secretarial Practice, Sultan Chand & Sons.

Business Ethics

Semester II Hours of Instruction/week: 3

14 BCPC 05 No. of credits: 3

Objectives

To have an understanding of ethical management concepts and ethical issues

To understand how ethical climates affect ethical decision making and behaviors in

organizations.

To understand the development of corporate social responsibility

Unit I Introduction

Ethics, Meaning, Nature, Sources of Ethics, Objectives, Ethics in Business, Importance, Factors

Influencing Business Ethics, Relation Between Ethics and Business.

Unit II Theories in Ethics

Theories of Business Ethics, Traditional Theories, Teleological Theory, Theory of Kant, Conventional

Theories of Albert Z. Carr and Doctrine of Mean of Aristotle.

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Unit III Value System

Vedantic Ethics, Kantian Ethic, Values in Gita, Ethical Dimensions of Gandhi, Ethics in Buddhism, Sufism,

Value for Managers and Internal Policies.

Unit IV Corporate Social Responsibility

Social Expectations from Business, Concept of Corporate Social Responsibility (CSR), Social Orientation,

Implementation of CSR, Corporate Governance and Ethical Issues in Corporate Governance.

UNIT V Managing Ethics

Building Value System, Codes of Ethics, Role of Law and Enforcement, Rights and Stakeholders, Rules

and Enforcement, Ethics Committee, Training in Ethics, Training on Job and Surveys, Ethics Suggestion

Schemes, Ethics Audit and Bench Marking.

Text books:

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Total Hours: 45

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1. Badi R.V. and Badi N.V(2010.) Business Ethics. Vrinda Publications (P) Ltd., New Delhi. 2. Velasquez, Mamuel.G(2008). Business Ethics Concepts and Cases. Pearson Education, New

Delhi. 3. Bhatia S.K(2009). Business Ethics and Global values. Deep & Deep Publications(P) Ltd., New Delhi.

Reference books:

1. Ronald Francis and Mukti Mishra(2009). Business Ethics,An Indian Perspective. Tata McGraw Hill Publishing Com. Ltd.,New Delhi.

2. Pankaj Kumar Saha (2009). Business Ethics. Pacific Publications, New Delhi .. 3. Jennings, Marianne.M(2008). Cases in Business Ethics. Cengage Learning India, New Delhi. 4. Ritu Parna Raj (2009). Study in Business Ethics. Himalaya Publication House, New Delhi.

5. Mahajan C.P(2008). Concepts and Solutions of Business Ethics. ABD Publishers, New Delhi

Fundamentals of Accounting - II

Semester II Hours of Instruction /week: 5

14 BCPC06 No. of credits: 4

Objectives

To inculcate the accounting knowledge and applications with respect to single entry and

double entry system

To introduce the features and accounting of Self balancing and sectional balancing systems

To impart knowledge in Accounting of Partnership firm business.

UNIT I Single Entry and Double Entry System of Accounting

Accounts from Incomplete Records, Difference Between Single Entry and Double Entry,

Ascertainment of Profit, Preparation of Statement of Affairs, Conversion of Single Entry into Double

Entry.

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UNIT II Self Balancing and Sectional Balance Ledger

Self Balancing Ledger, Meaning, Sectional and Self Balancing Systems, Self Balancing Ledgers versus

Sectional Ledgers, Advantages, Disadvantages, Scheme of Entries, Transfer from one Ledger to

another, More than one Sales Ledgers, Adaptation of original Books of Entry.

UNIT III Fire Insurance Claims and Companies Accounts

Fire Insurance Claim, Stock Insurance, Average Clause, Loss of Profit Insurance or Consequential Loss

Policy, Calculation of Amount of Claim –Introduction to Company Accounts, Issue of Shares and

Debentures, Forfeiture of Shares, Reissue of Forfeited Shares (Simple Problems Only).

UNIT IV Partnership Firm

Partnership Accounts, Features of Partnership, Partnership Deed, Basic Concepts of Admission,

Retirement and Death of Partner, Valuation and Treatment of Goodwill, Revaluation of Assets and

Liabilities.

UNIT V Hire Purchase System

Hire Purchase System, Meaning, Distinction Between Hire Purchases and Installment System,

Accounting Treatment for Hire Purchase System, Model Journal Entries, Calculation of Interest,

Default and Repossession, Hire Purchase Trading Account, Debtors and Stock and Debtors System,

Installment Purchase System, Meaning, Accounting Treatment.

Total Hours: 75

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Text book:

1. S.P.Jain and K.L.Narang(2013), Advanced Accountancy, Kalyani Pulications, New Delhi.

Reference books:

1. R.L.Gupta(2013), Advanced Accountancy, Sultand Chand & Sons, New Delhi.

2. Pc.Tulsian, Advanced Accountancy (2013), Tata Mcgraw Hill Publishing Co., Ltd,.

3. M.C.Shukla, T.S.Grewal, S.C.Gupta (2013), Advanced Accountancy,Sultan Chand & Sons, New Delhi.

Common Proficiency Test (CPT)

Semester II Hours of Instruction/week: 2 14BCPC 07

No. of credits: 2

Common Proficiency Test (CPT) offered in Semester II covers the syllabi of four papers namely Business

Economics, Company Law, Fundamentals of Accounting - II and Business Ethics. Examination for this

course will be conducted only at the end of II Semester for 100 marks (Internal 50 marks and External 50

marks, with internal Question paper setting). Question paper will consist of multiple, choice questions

only.

Interdisciplinary Course

Allied Paper - II

Business Mathematics

Semester II Hours of Instruction 4 hrs

14BCP102 No. of credits: 4

Objectives

To give an insight of basic mathematical techniques

To provide an understanding of the application of mathematical techniques in economic analysis

Unit I: Mathematics of Finance 15

Simple Interest, Compound Interest, Annuities, Sinking Fund, Discounting and Present Value.

Unit II: Matrices 15

Types of Matrices; Functions of Matrices, Addition, Subtraction ,Multiplication; Determinants,

Properties; Rank of Matrix; Inverse of Matrix; Solution of Simultaneous Equations, Applications, Input

and Output Analysis (Simple Problems).

Unit III: Differentiation 10

Limits of Function; Rules of Differentiation, Addition Rule, Product Rule, Quotient Rule, Functions of a

Function Rule; Differentiation of Algebraic, Logarithmic and Exponential Functions (Trigonometry

Completely Excluded) and Second Order Differentiation.

Unit IV: Economic Applications of Differentiation 10

Marginal Revenue, Marginal Cost, Elasticity of Demand, Maximum Profit, and Minimum Cost (One

Variable Case)

Unit V: Integration 10

Simple Integration; Methods of Integration, Substitution Method; Definite Integral; Economic

Application, Total Cost, Total Revenue, Consumer’s Surplus and Producer’s Surplus.

Total Hours: 60

Text books:

01. Mehta and Madnani (2009), Mathematics for Economicsts Sultan Chand, New Delhi.

02. Navnitham, P.A. (2000), Business Mathematics and Statistics,mJai Publications, Trichy.

Reference books:

01. Arora S.R and Khattar Dinesh (2001), Business mathematics with Application, Sultan Chand and Company Limited, New Delhi

02. Ranganath G.K Sampangiran C.S and Raja Ram Y (1998), A Text Book of Business Mathematics, Himalaya Publications, New Delhi.

Advanced Accounting

Semester III Hours of instruction per week: 5


Objective

To gain working knowledge of the professional standards, principles and procedures of accounting and their application to different practical situations

To understand the accounting system of branch and departmental business

To study the advanced issues in the partnership firms

UNIT I Accounting Standards

Accounting Standards, An Overview, Indian and International Accounting Standards, Accounting

Standards Board, Scope of Accounting Standard, Working Knowledge of Accounting Standards AS 1 to

14, 16,19,20,26 and 29.

UNIT II Branch Accounting

Branch Accounting, Meaning, Objectives, Types of Branches, Accounting Treatment, Debtors System,

Stock and Debtor System, Final Accounts System, Independent Branches, Incorporation of Branch Trial

Balance in Head Office Books , Foreign Branches.

UNIT III Departmental Accounting

Departmental Accounting, Meaning, Need for Departmental Accounting, Methods and Techniques of

Accounting, Inter Departmental Transfers.

UNIT IV Advanced Partnership Firm

Advanced Issues in Partnership Accounts, Final Accounts of Partnership Firms, Dissolution of Partnership

Firm, Piecemeal Distribution of Assets, Conversion of a Firm into a Company, Sale to a Company.

UNIT V Investment Accounting

Investment Accounts, Meaning, Investment Transactions, Accounting Treatment, Equity Shares Account,

Accounting for Price Level Changes, Meaning, Advantages and Disadvantages, Approaches in Price Level

Accounting.

Total Hours: 75

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Text book:

1 Jain S.P. and Narang K.L(2013), Advanced Accountancy, Kalyani Publications, New Delhi.

Reference books:

1. Gupta R.L, Advanced Accountancy,(2013) Sultan Chand & Sons, New Delhi.

2 Basu and Das, (2012) Advanced Accountancy, Himalaya Publishing,House New Delhi.

3 Tulsian P.C, (2013), Advanced Accountancy, Tata Mcgraw Hill Publishing Co., Ltd, New Delhi. 4 Shukla M.C, Grewa T.S, Gupta S.C, (2013) Advanced Accountancy, Sultan Chand & Sons, New

Delhi.

Business Law - II

Semester III Hours of instruction per week: 4


Objectives:

To equip the students with the knowledge of legal implications of business activities.

To familiarise the students with current developments in business law and to know the

Regulatory constraints.

To help students become knowledgeable to connect legal and business aspects and adapt

themselves to a changing business world

UNIT I Negotiable Instrument

The Negotiable Instruments Act 1881, Definition, Characteristics, Kinds of Negotiable Instruments,

Promissory Notes, Bills of Exchange and Cheques, Parties to Negotiable Instrument and their Capacity,

Holder in Due Course, Negotiation And Liability of Parties, Presentment of Negotiable Instrument,

Dishonour of Negotiable Instrument, Discharge from Liability, Crossing of Cheques, Consideration,

Effects of Absence of Consideration, Negotiable Instruments Obtained by Unlawful Means, Banker and

Customer – Hundis.

UNIT II Bonus Act

The Payment of Bonus Act 1966, Object of the Act, Definition, Eligibility for Bonus, Determination of

Bonus, Special Provisions with respect to Certain Establishments.

UNIT III Employees Provident Funds

The Employees Provident Funds Amended and Miscellaneous Provisions Act 1952, Definitions, Employee

Provident Fund Schemes, Employees Pension Scheme and Fund, Employees Deposit Linked Insurance

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Scheme and Fund, Administration of the Schemes, Determination of Money due from Employers,

Penalties and Offences.

UNIT IV Payment of Gratuity Act

The Payment of Gratuity Amended, Act 1972, Definitions, Payment of Gratuity, Forfeiture of Gratuity,

Nomination, Determination of Gratuity, Recovery of Gratuity.

UNIT V Arbitration Act

Arbitration Act 1940, Definition, Effects of an Arbitration, Advantages, Mode of Arbitration, Without

intervention of the Court, Arbitration through the Court, Appointment of Arbitrator, Removal of

Arbitrator, Powers and Duties of Arbitrator.

Total Hours: 60

Text book:

1. Kapoor N.D(2013), Elements of Mercantile Law, Sultan Chand & Sons, New Delhi.

Reference books:

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1. Gogna.PPS (2013), Mercantile Law, S. Chand and Company limited, New Delhi.

2. Tulsian P.C (2012), Mercantile Law, Tata McGraw Hill Publishing Company, New Delhi. 3. Kapoor N.D (2013), Commercial Law, Sultan Chand & Sons, New Delhi.

Cost Accounting

Semester III Hours of Instruction/Week: 5


Objectives:

To enable the students to understand the costing principles and their applications to

various industries.

To identify sufficient knowledge in cost sheets, material cost and labor cost.

To analyze a company’s statement and come to a meaningful conclusion about the cost

situation of the company.

Unit I Nature and Characteristics of Cost Accounting

Cost Accounting, Definition, Advantages, Cost Accounting and Financial Accounting, Cost Center,

Installation of a Costing System and Methods of Costing.

Unit II Cost Classification and Cost Sheets

Classification of Costs, Elements of Cost, Preparation of Cost Sheet, Tender and Quotation.

Unit III Material Cost and Inventories

Material Cost, Purchase and Stores Control, Issue of Materials, Methods of Pricing of Material Issues:

Pricing of Returns. Inventory Control, Concepts and Techniques, Fixation of Stock Levels, EOQ, ABC

Analysis, VED Analysis, Perpetual and Periodic Inventory System and Treatment of Material Losses.

Unit IV Labor Cost and Management

Labor Cost, Types of Labour Cost, Personnel Department, Methods of Remuneration, Incentive Schemes,

Treatment of Idle Time, Over Time, Job Evaluation, Merit Rating, Labour Turnover and Measures of

Labour Performance.

Unit V Overhead Accounting

Overheads, Classification of Overheads, Basis of Charging, Allocation, Apportionment, Absorption of

Overheads to Production Department, Methods and Re-Apportionment of Service Department

Expenses.

Total Hours: 75

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Text books:

1. Jain S.P. and Narang K.L. (2013), Cost Accounting Kalyani publishers, New Delhi.

Reference books:

1. Iyengar S.P. (2013), Cost Accounting Methods S.P. Sultan Chand Sons, New Delhi.

2. Agarwal (2013), Cost Accounting, Sahitya Bhawan, Agra.

3. Pillai R.S.N. & Bagavathi V, (2013),Cost Accounting S.Chand & Co., Ltd., New Delhi.

4.Khanna B.S, Pandey I.M., Ahuja C.K,.Batta S.C.L, (2010), Practical Costing, S.Chand & Co. Ltd, New

Delhi.

5. Horngren C.T, George Foster M Datar, (2009) Cost Accounting Managerial Emphasis, Prentice Hall

of India Pvt. Ltd, New Delhi,.

Direct Taxes - I

Semester III Hours of Instruction per Week: 5


Objective:

To enable the students to understand the basic provisions of Indian Income Tax Act and

Application in computation of income of an individual under various heads of income.

UNIT I Income Tax Act, 1961

An Overview of Income Tax Act 1961and Income Tax Rules 1962, Basic Concepts of Income - Assessee,

Assessment Year - Previous Year - Person - Residential Status of Assessee - Scope of Total Income -

Exempted Income

UNIT II Income from Salary and House Property

Heads of Income - Salary, Gross Salary, Meaning, Profits in Lieu of Salary - Perquisites,

Deduction Allowed - Computation of Salary Income. Income from House Property, Definition,

Self Occupied House - Income From Let out Property - Deduction - Expenses Disallowed.

UNIT III Income from Business and Profession

Profits and Gains From Business or Profession - Meaning of Business – Items Chargeable

Deemed Profits - Chargeable Expenses - Expenses Expressly Disallowed - Computation of Profit and

Gains. Capital Gains - Capital Assets - Types of Capital Assets - Deductions – Determination of

Consideration – Exemption - Computation of Income.

UNIT IV Income from Other Sources

Income from other Sources - Items Chargeable - Deductions, Exemptions- Income of other

Person's included in Assessees’s Total Income - Aggregation of Incomes.

UNIT V Tax Deductions

Set Off And Carry Forward of Losses - Deduction from Gross Total Income Rebate of Income Tax.

Total Hours: 75

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15

Text book:

Dr. Mehrotra H.C (2014), Income Tax Law and Accounts, Sahitya Bhavan, Agra,

Reference books:

1. Dinkar Pagare, (2014) Income Tax Law and Practice, Sultan Chand & Sons, New Delhi.

1. Vinod Singhania,(2014), Direct Taxes Law & Practice, Taxmann Publications, New Delhi.

2. Gaur and Narang (2014), Income Tax Law and Practice, Kalyani Publishers, New Delhi.

Business Communication

Semester III Hours of Instruction /Week: 4


Objectives:

To enable the students to understand the basics of communication.

To instill the students to acquire written communication skills so as to write effective

business letters.

To enable the students to attain oral communication skills to make effective oral

presentation.

Unit I: Essentials of Communication

Meaning, Objectives, Importance, Process, Types, and Barriers of Communication, Verbal, Non - Verbal

Media of Communication, Listening, Principles of Effective Listening, Factors Affecting Listening, Exercise

on Oral, Written and Video Sessions, Modern Techniques of Communication, Fax, E – Mail and Video

Conferencing.

Unit II: Business Communication

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Need, Functions, Language and Layout of Business Letters, Enquiries and Replies, Orders and Execution,

Credit and Status Enquiries, Claims and Adjustments, Collection, Sales and Circular Letters.

Unit III: Business and Employment Related Communication

Banking, Insurance, Agency and Import and Export Correspondence, Application for Appointment,

Drafting Resume, Public Relations Letters, Letters to the Editor.

Unit IV: Other Forms of Written Communication

Report Writing, Principles Governing The Preparation of Reports, Function of a Report, Types of

Business Report, Reports by Individuals, Report by Committees, Directors Report, Drafting Notices of

Company Meeting, Drafting of Agenda and Minutes of Company Meetings.

Unit V: Oral Communication and Essay Writing

Oral Presentation, Principles, Effective Presentation Skills, Factors Affecting Presentation, Sales

Presentation, Training Presentation, Conducting Surveys, Speeches to Motivate, Writing Essays on

Topics Relating to Commerce, Industry and Banking etc.

Total Hours: 60

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10

Text books:

1. Rajendra Pal & Korlahalli.J.S.(2013), Essentials of Business Communication, Sultan Chand & Sons, New Delhi.

Reference books:

1. Ramesh M.S. Patten Shetty (2013), Effective Business English and Correspondence, Sultan Chand & Sons, New Delhi.

2 R.C. Sharma and Krishna Mohan (2013), Business Correspondence and Report Writing, Tata McGraw

Hill Publishing House, New Delhi.

3. Marry Ellen (2013), Essentials of Business Communication, Guffey South Western College Publishing

House, New Delhi.

4. Urmila Rai (2012), Business Correspondence and Report Writing, Himalaya Publishing House, New

Delhi.

5. Lesikar Pettit (2013), Business Communication Theory and Application, A.I.T.B.s, Publishers and

distributors (Reg).

6. Urmila Rai, S.M. Rai, (2013), Effective Communication, Himalaya Publishing House, New Delhi.

On the Job Training

Semester III


On the job training during the summer vacation immediately after the completion of the second

semester examination (4 weeks), and the marks for this will be provided at the end of the third

semester.

Integrated Proficiency Competency Course (IPCC) Group - I

Semester III Hours of Instruction/week: 2

Certificate Course in IPCC Group - I offered in Semester III covers the syllabi of four papers

namely Advanced Accounting, Business Law - II, Cost Accounting and Direct Taxes - I. Examination for

this course will be conducted only at the end of IV Semester.

Allied Course - III

Computer Application in Business

Semester III Hours of Instruction/week: 5 (T: 3, P: 2)

14 BCCC 03 No. of credits: 3

Objectives

To impart the knowledge of computers and their usage in Business.

To provide basic conceptual knowledge about the computer system

To inculcate knowledge on hardware, software and networking

Unit I Overview of Computer

Introduction to computer, Meaning and Definition of Computers, Characteristics of Computers, History

of Computers, Types of Computer systems, Classification of Computers, Basic Computer operations, 8

Functional Units, Memory system of Computer, Data processing Application in Business and Computer

Applications in Business.

Unit II Components of Computer and Database

Introduction to Computer Memories: Input, Output and Storage devices, Data processing, Cycle, Steps,

kinds, Objectives, Methods, Database, Characteristics, Objectives, Database Management System,

Objectives and Advantages of DBMS.

Unit III Software and Networking

Software flow charts and Program development, Introduction to Software, Types, Introduction to

Programming Language, Types, Algorithm, Flowcharts, Types of flowcharts, Program development,

Developing a program, Computer Communication, Introduction, Data Communication, Computer

Network, Advantages of Networking and Types of Network.

Unit IV Operating System and Documentations

Introduction, Types of Operating System, Definition, MS DOS, Windows OS, The Desktop, Control Panel,

Documentation using words, designing a document, Tool bars, Menus and Dialog boxes.

Unit V Data Management and Presentation

Spread sheet preparation, feature of excel, spread sheet basic, adding and removing worksheet, charts,

financial functions, mathematical functions, simple statistical functions in excel , Power point

presentation, features, presentation used in wizards and templates and view and animation, MS. Access,

tables, Queries, forms and Report and Internet and E-Mail.

8

8

8

10

Total Hours: 75

(T:30, P:45)

Text book:

1. Sudalaimuthu S. & Anthony Raj S., (2011). Computer Application in Business.

Himalaya Publications, New Delhi.

Reference books:

1. Sangita Sardana, Sunil Malhotra, (2010). Introduction to Information Technology. Kalyani Publishers, New Delhi

2. Parameshwaran R. (2009). Computer Applications in Business. S. Chand & Co. Ltd, New Delhi.

3. Bright man, Richard. W, Dimsdale,Jeffery.M, (2009). Using Micro computers. Calgotia Publication, New Delhi.

4. Doja M.N, (2009). Fundamentals of Computer and Information Technology. Deep and Deep Publications, New Delhi.

5. Choure , Tapan, Shukla, Yogeshwar, (2010). Information Technology in India. Kalpaz Publication Delhi.

6. Murthy C.S.V, Murali Krishna I.V (2011). Fundamentals of Computer and Information Technology. Himalaya Publishing House, Mumbai.

7. Dhiman, Anil K, (2009). Basic of Information Technology for librarian and Information, Ess Publication, New Delhi,

List of Practical’s

MS-WORD

1.Type a paragraph and perform the following changes:

Font size, Font Style, Line spacing, Page setup, Background colour etc.,

2.Type a document and perform the following:

a. Insert page number on all pages at the bottom of the page with alignment. b. Insert header consisting date, time and headings and footer consisting of page number. c. Underline a text

3.Send an application to five companies for a suitable job using mail merge function

4. Prepare the class timetable using table menu.

5. Type a document and perform the following:

i. Check the spelling and grammar

ii. Paragraph alignment using lists

iii. Bullets or numbering format

MS-EXCEL

1. Create a work sheet of mark list of your class for each semester and calculate the total,

average using auto sum option for those who have passed.

2. By Using Student Mark sheet data draw various graphs and diagrams.

3. Calculate the simple interest and Compound interest by using functions in Excel.

4. Prepare the balance sheet of a Company.

5. Copy the contents from sheet one to sheet two, sheet three and sheet four

MS-ACCESS

1. Prepare a table (using design view/wizard view) in MS, Access

2. Prepare a form (using wizard view) from in MS,Access

3. Create a database and maintain the address of your classmates with the following constraints

a. Roll number should be the primary key b. Maintain atleast ten address c. Recall information according to name, place, city and pin code

4. Create an item table with item number, item name, rate, quantity and net price and perform the

following

a. Find the net price for all the records b. Display only the item number , item name list for net price > 10,000 c. Increase the rate by Rs. 100 for all records d. Display only the item number, item name = “ pen” e. Display all the details for the item number > 100 and quantity > 50.

5. Create a database on students mark list with Name and Subjects and perform the following

a. Add atleast 10records

b. Sort the Names in alphabetical order

c. Find the total and average

d. Sort it with total >350

e. Sort it with marks > 90 and total >350

MS-POWER POINT

1. Prepare a power point presentation for your departmental inaugural function

2. Design an advertisement for your company (imaginary) products using clipart and Animation

3. Prepare a slide show presentation for your organization (imaginary) to be presented by the general

manager.

4. Prepare a graphical slide show to present your profile regarding the product sale as a Sales manager by

linking your document with MS,Excel.

Management Information System

Semester IV Hours of Instructions per week: 4


Objectives:

To familiarize the concept of information systems and its applications in business;

To educate the IT infrastructure through the Information System (IS);

To understand the virtual system with tools and technique; and

To know the role of ICT in the present scenario.

Unit I Fundamentals of Information Systems System Concepts, Types of System, System Approach, Relevance of Modern Organization, Data v/s

Information, The Management of Information Systems: Information Resource Management,

Managing Information Services, Planning And Implementing Information System & Controlling

Information System.

Unit II Managerial Overview Computer hardware and trends in computer hardware and Computer peripherals, Management

overview: Computer software, System software: OS, DAMS, OOPS, Application software, Spread

sheet, Graphical packages, ERP, SAP, SAS, RDBMS, DBMS in Science and Technology and IT Security

enabling System.

Unit III Information Systems in Business and Management Transaction Processing System , information repeating and executive information system, DSS, AL and

Expert System, MIS in Mobile Banking Technology.

12

10

13

Unit IV Managerial Overview

Role of communication and Office Automation: Trends in Communication, Tele Communications

Alternatives, DTP, Image Processing, Electronic Communication System and Electronic Meeting System.

Unit V Technology of Information Systems Database Management Systems, Object Oriented Technology (OOT): Conceptual Presentation,

Client Server Architecture, Networks, Business Process Re-engineering (BRP), BPO, IPO, HPO, KPO,

Information Security, MIS with Hacking software and Accounting Information System (AIS).

Total hours: 60

Text Books:

1. Murthy C.S.V. (2013), Management Information System, Himalaya Publishing House, New Delhi.

Reference Books:

1. Aman jindal (2013), Management Information System, Himalaya Publishing House, New Delhi.

2. Jawadekear W.S., (2012) Management Information System, Tata Mc Graw Hill, New Delhi,

15

10

3. Lucas (2013) Management Information System, Tata Mc Graw Hill, New Delhi.

Applied Costing

Semester IV Hours of instruction /week: 5

14BCOC13/14 BCPC 14/14BCCC15 No. of credits: 4

Objectives:

To enable the students to understand the costing principles and their application to

various industries.

To enable the students to know the maximum possibilities of practical application

To motivate the students through to become an successful Cost Accountant

Unit I Cost Accounting

Job Costing, Objectives, Features, Procedure of Job Order Costing, Batch Costing, Contract Costing,

Features, Types of Contracts , Preparation of Contract Accounts, Unit Costing, Service Costing, Features,

Application of Service Costing, Transport and Canteen.

Unit II Process Costing

Process Costing, Features, Applications, Principles of Process Costing, Elements of Production Cost,

Process Losses: Normal and Abnormal. Abnormal Gain, Inter Process Profits, Treatment of By Products

and Joint Products.

Unit III Standard Costing

Standard Costing, Advantages and Limitations, Variance Analysis, Material, Labour, Overheads and Sales

(Simple Problems Only)

Unit IV Marginal Costing

Marginal Costing, Meaning, Importance, Contribution, Cost Volume Profit Analysis, Break Even Analysis

and Managerial Application of Marginal Costing.

Unit V ABC Costing

Activity Based Costing, Life Cycle Costing, Target Costing and Recent Trends in Costing.

Total Hours: 75

18

15

15

12

15

Text books

1. Jain and Narang, (2013), Cost Accounting Principles Kalyani publishers, New Delhi.

Reference books:

1. Iyengar (2013), Cost Accounting Methods, S.P. Sultan Chand Sons. New Delhi.

2. Agarwal, (2013), Cost Accounting, Sahitya Bhawan, Agra. New Delhi.

3. R.S.N. Pillai, & V. Bagavathi, (2013), Cost Accounting S. Chand & Co., Ltd.

4. B.S.Khanna, I.M.Pandey, C.K.Ahuja, S.C.L.Batta (2013), Practical Costing, S.Chand Co. Ltd, New Delhi.

5. C.T. Horngren, (2009) George Foster, M, Datar, Cost Accounting Managerial Empasis, Prentice Hall of India

Pvt. Ltd, New Delhi.

Corporate Accounting - I

Semester IV Hours of Instruction per week: 5


Objectives:

To make the students understand about the method of issue and redemption of shares and

debentures and its accounting treatment.

To enable the students to value the shares and goodwill of the companies.

To throw light upon the merger and acquisition procedure of corporate bodies and its

accounting treatment.

Unit I Issue and Forfeiture of Shares and Debentures

Definition of Company, Features, Kinds of Companies, Statutory Books, Introduction to

International Financial Reporting System (IFRS), Issue of Shares and Debentures, Book

Building, Forfeiture and Reissue of Shares and Right Issue of Shares.

Unit II Redemption, Acquisition and Profit Prior to Incorporation

Redemption of Preference Shares and Debentures, Acquisition of Business, Profit Prior to

Incorporation.

Unit III Final Accounts

Preparation of Company Final Accounts with reference to Part II Schedule VI of Indian

Companies (Amended) Act, Computation of Managerial Remuneration, Divisible Profit and

Issue of Bonus Shares.

Unit IV Amalgamation, Absorption and External Reconstruction

Amalgamation, Types, Absorption, External reconstruction , Alteration of Share Capital and

Internal Reconstruction, Procedure for Reduction of Share Capital and Buyback of Shares.

Unit V Valuation of Shares and Goodwill

Valuation of Goodwill, Methods, Valuation of Shares and Need for Valuation

Total Hours: 75

15

15

15

15

15

Text books:

1., Jain S.P. & Narang K.L. (2013), Advanced Accountancy, Kalyani publishers, New Delhi.

Reference books:

1.Gupta R.L. (2013), Advanced Accountancy, Sultan Chand & Sons, Delhi.

2. Iyengar S.P. (2013), Advanced Accounting, Sultan Chand & Sons, Delhi.

3.Tulsan(2013) P.C, Advanced Accounts, Tata McGraw Hill, Publishing Company ltd, New Delhi.

4. Arulanandham, Ramani,K.S. (2013), Advanced Accountancy Himalaya Publishing House, New Delhi.

5. Maheswari S.N. & K.Durai Pandian (2013), Corporate Accounting, Vikas Publishing House, Pvt. Ltd,

New Delhi.

6. Reddy T.S. and A. Murthy (2013), Corporate Accounting, Margham publication, Chennai.

Direct Taxes - II

Semester IV Hours of instruction /week: 5


Objectives:

To acquaint the students with the knowledge on procedure and practice of income tax

To familiarize the students about the administrative details and Direct taxes.

Unit I Assessment Procedure

Return of Income, Belated Return, Revised Return, Filling and Filing of Returns, Permanent Account

Number (PAN), Procedure for obtaining PAN, Types of Assessment, Regular Assessment, Best Judgment

Assessment, Income Escaping Assessment, Re-Assessment, Recovery and Refund of Tax.

Unit II Computation of Tax

Assessment of Individual, HUF, Firms, Companies – Computation of Total Income and Tax

Liability.

Unit III Payment and Deduction of Tax

Payment of Tax ,Tax Deducted at Source, Advance Tax, Self Assessment Tax, Tax Deducted at

Source, Filling and Filing of Applications for obtaining TDS Number, Obligation of the Person

making Payment, The Person Liable to Deduct Tax at Source, Procedure and Rate of Tax

Deducted at Source on Various Payments, Advance Tax, Liability to Pay Advance Tax,

Computation of Advance Tax –Installment and Due Date of Advance Tax –Interest Payable by

the Assessee, Filling of Chalan and Deposit of Advance Tax.

Unit IV Administrative Set Up

Administration of Direct Taxes, Role of Central Board of Direct Taxes, Income Tax Authorities, Appeals

and Revision , Recovery and Refund of Taxes.

Unit V Wealth Tax

Wealth Tax, Important Terms and Definitions Valuation Date, Assessment Year, Meaning of Assets, Net

Wealth Debt, Deemed Asset, Exempted Assets, Valuation of Invaluable Property and Jewellery,

Computation of Net Wealth – Computation of Wealth Tax – Return of Wealth Tax.

Total Hours: 75

Textbook:

15

15

15

15

15

1. Dr.Mehrotra.HC (2014), IncomeTax Law & Accounts,, SahityaBhawan Publication,

Agra.

Reference Books:

1. Gaur and Narang (2014 ), Income Tax Law and Practice, Kalyani Publishers, New Delhi

2. Taxmann’s (2014), Income Tax Act, Taxmann's Publication Pvt. Ltd., New Delhi

3. Vinod Sighania, (2014) Direct Taxes – Taxmann's Publication Pvt. Ltd., New Delhi

4. Dinkar Pagar (2014), Direct Taxes Sultan Chand Publication, New Delhi.

5. Mehrotra H.C, Dr.S.P.Goyal, (2014) Direct & Indirect Taxes, Sahitya

Bhawan Publications, Agra,.

Financial Markets

Semester IV Hours of instruction / week: 4


Objectives

1. To acquaint the students with the working of financial markets in India.

2. To enable the students to know the functioning of Indian Financial Markets and Institutions

3. To acquaint with regulatory framework of the Indian securities market

Unit I Financial System

Nature and Role, Functions, Financial System and Economic Development, Components of Financial

System and Indian Financial System - an Overview.

Unit II Money Market

Financial Markets, Functions, Types, Money Market and Capital Market, Indian Money Market,

Features, Importance of a Developed Money Market, Composition and Structure of Money Market,

Instruments, Recent Trends in Indian Money Market.

Unit III New Issue Market

Capital Market, Functions, Difference Between Primary and Secondary Market, Role and Functions,

Methods of Floating New Issues, General Guidelines ,New Financial Instruments, Players in the New

Issue Market, Advantages and Disadvantages.

15

10

15

Unit IV Secondary Market

Functions And Role, Listing Procedure and Legal Requirements, Bombay Stock Exchange, National

Stock Exchange, Over the Counter Exchanges, Methods of Trading, Online Trading: Functionaries on

Stock Exchanges; Brokers, Sub Brokers, Market Makers, Jobbers, Portfolio Consultants, Institutional

Investors.

Unit V Regulatory Authority and Depository

SEBI functions, guidelines for Investor’s protection – Depository, objectives, benefits,

activities, process in India, NSDL and CSDL.

Text books:

1. Gordon E. and NatarajanK.,(2013), Financial Markets and Services, Himalaya Publising

House, New Delhi.

Reference books:

15

10

Total Hours: 60

10

1. Hooda.R.P. (2012), Indian Securities Market Investors view point, Excel Books, New Delhi

2. Varshney.P.N(2012),Indian Financial System, Sultan Chand & Sons, New Delhi.

3. Khan.M.Y, (2012), Indian Financial Syste), Tata McGraw Hill, New Delhi.

4. Bhole.L.M. (2012), Financial Markets and Institution, Tata McGraw Hill, New Delhi,

Integrated Proficiency Competency Course (IPCC) Group - I

Semester IV Hours of Instruction/week: 2


Certificate Course in IPCC Group - I offered in Semester IV covers the syllabi of five papers

namely Management Information System, Applied Costing, Corporate Accounting - I, Direct Taxes - II

and Financial Markets. Examination for this course will be conducted only at the end of IV Semester for

100 marks (50 Internal Marks, 50 External Marks, with internal Question paper setting).

Interdisciplinary

Allied Course - IV Computerized Accounting Tally

Semester IV Hours of Instruction/week: 5(T:2, 3: P)

14 BCPI 04 No. of credits: 3

Objectives

To offer job oriented quality education to the Student.

To meet the complex needs of Growing Business.

To optimize the students with current technology.

Unit I: Fundamentals of Tally - ERP 9

Introduction to Tally - ERP 9, Features of Tally.ERP 9, Setting up a New Company in Tally -

ERP 9, Create Company, Select Company, Altering a Company, F11:Features and

F12:Configurations.

Unit II: Vouchers in Tally

Creating Masters, Chart of Accounts, Groups, Ledgers, Entering Opening Balances, Voucher

Types in Tally.ERP 9, Predefined Vouchers in Tally.ERP 9, Creating Voucher Type and

Recording Transactions.

Unit III: Financial Statements and Reports Balance Sheet, Profit and Loss Account, Statement of Accounts, Cost Centres, Outstanding’s,

Ledger wise View of Outstanding Reports, Inventory Reports, Inventory Books, Group

Summary, Stock Transfers.

Unit IV: Statements of Inventory

Physical Stock Register, Sales Order Book, Purchase Order Book. Godown Summary, Stock

Categories, Stock Query.

UNIT V: Reports

Sales Order Summary, Purchase Order Summary, Purchase Bills Pending, Sales Bills Pending

VAT Reports, CST Reports, TDS Reports, Service Tax Reports, Payroll Reports, E-filing.

6

6

6

6

6

Total Hours: 75(T:30,P:45)

Minimum of 5 Exercises from Each Unit is expected out of the listed concepts.

Reference Books:

1. Ashok K Nadhani(2011). Tally.ERP 9 Made Simple Basic Financial Accounting, BPB Publication, New

Delhi.

2. Nadhani(2012). Mastering Tally.ERP 9, BPB Publication, New Delhi.

Auditing and Assurance - I

Semester V Hours of Instruction/week: 4


Objectives:

To enhance the students knowledge with audit and assurance framework and the

development of domestic and international auditing standards.

To familiarise the students’ with techniques used by auditors including risk analysis,

evidence collection.

To develop students’ understanding of the audit function and special audit.

UNIT I Introduction to Auditing

Nature and Limitations of Auditing, Basic Principles Governing Audit, Ethical Principles and Concept of

Auditor’s Independence and Relationship of Auditing with other Disciplines.

UNIT II Auditing and Assurance standards

Overview, Standard - Setting Process, Role of International Auditing and Assurance Standards Board and

Auditing and Assurance Standards Board in India.

UNIT III Audit Planning and Control

Meaning, Accounting System, Audit Programme, Control of Quality of Audit Work, Delegation and

Supervision of Audit Work – Audit Working Papers, Audit Files, Permanent and Current Audit Files,

Ownership and Custody of Working Papers.

15

10

10

UNIT IV Over View and Verification of Audit

Audit Procedures for Obtaining Evidence, Sources of Evidence, Reliability of Audit Evidence, Methods of

Obtaining Audit Evidence – Physical Verification, Documentation, Direct Confirmation, Re-Computation,

Analytical Review Techniques and Representation by Management.

UNIT V Internal Control

Elements of Internal Control, Review and Documentation, Evaluation of Internal Control System, Internal

Control Questionnaire, Internal Control Check List, Tests of Control, Application of Concept of

Materiality and Audit Risk, Concept of Internal Audit - Internal Control and Computerized Environment,

Approaches to Auditing in Computerized Environment – Types of Audit Sampling, Test Checking,

Techniques of Test Checks and Analytical Review Procedures.

Total Hours: 60

Text book:

1. Tandon B.N (2012), Practical Auditing , S.Chand & Co., New Delhi.

10

15

Reference books:

1. Sharma T.R. (2010), Auditing , Sahitya Bhawan, New Delhi.

2. Dingar Pager ( 2010) Auditing, S. Chand & Co., New Delhi.

3. Saxana (2009), Principles of Auditing – Himalaya publishing house, New Delhi.

4. Ravendarkumar and Verendar Sharma (2009), Fundamentals of Practical Auditing.Printince Hall of India. Pvt. limited

5. Pradeepkumar, Beldev, Sachdeva (2008), Auditing theory and Practice – 2008.Kalyani Publishers, New Delhi.

Management Accounting

Semester V Hours of instruction /week: 5


Objectives

To enable the students to apply the accounting information for managerial decision

making.

To provide strengthen to the students for an effective and efficient execution of

managerial functions

To enable the students to apply the management accounting for decision making process

UNIT I Management Accounting

Management Accounting, Meaning, Nature, Objectives, Scope and Functions of Management

Accounting – Relationship between Cost, Financial and Management Accounting, Tools and Techniques

of Management Accounting.

UNIT II Financial Statement Analysis Financial Statement, Meaning, Nature, Uses and Limitations of Financial Statements, Financial Analysis,

Types of Financial Statement Analysis, Preparation of Comparative and Common Size Statements.

UNIT III Ratio Analysis Ratio Analysis, Classification of Ratios, Analysis for Liquidity, Profitability, Solvency and Activity,

Advantages of Ratio Analysis, Limitations of Accounting Ratios and Trend Analysis.

12

15

15

UNIT IV Fund Flow and Cash Flow Statement

Preparation of Fund Flow Statement, Fund Flow Analysis, Forecasting of Funds Requirement Cash Flow

Analysis and Preparation of Cash Flow Statement.

UNIT V Budget Budget and Budgetary Control, Meaning and Objectives, Types of Budgets, Fixed and Flexible Budgeting;

Zero, Based Budgeting; Performance Budgeting, Control Ratios and Responsibility Accounting.

Total hours: 75

Text books:

1 Sharma. R.K, and Shashi K. Gupta (2013), Management Accounting, Sultan Chand & Sons, New Delhi.

Books for reference:

1. Chowdhary S.B. (2010), Management Accounting, Kalyani Publishers, New Delhi,

2 Jawant Singh and Ralkej Paul (2012), Management Accounting, Kitab Mahal .

3 Paul S. Kr. (2012), Management Accounting, S. Kr. Paul, New Central Book Agency, New Delhi.

4. Bhattacharya S.K. and John Bearden (2012), Accounting for Management, ,Vikas Publishing House

Ltd, New Delhi.

5. Maheswari S.N (2012), Management Accounting, Sultan Chand, New Delhi.

15

18

Value Added Tax and Service Tax



Objectives

To introduce the basic concepts of value added tax (VAT) and service tax in India.

To extend an intense understanding and application of provisions of Value added tax and

Service Tax

Unit I An Overview of Value Added Tax

Introduction, Meaning, Features, Concepts, Difference between Sales Tax and Value Added Tax, Work

Contract Tax, Goods and Service Tax.

Unit II Value Added Tax - Procedure and Practice

Methods of Computation of VAT Liability, Procedure, Rates of Tax, Registration of Dealers, Exempt Sale,

Credit and Set, off Under VAT, Assessment, Audit, Returns, Zero Rating, Refunds, Scrutiny Process,

Appeals, Revisions and Appearances.

Unit III Value Added Tax - Authorities and Responsibilities

VAT System in India, An Overview, Appointment, Jurisdiction and Powers of Authorities and Certification

for Professionals.

Unit IV Service Tax - Registration and Return Filing

Meaning, Features, Scope, Administration Mechanism, Categories of Services, Rates of Service Tax,

Computation and Payment of Service Tax, Registration, Procedure for Registration, Exemption, Records

to be Maintained, E - Filling of Service Tax Returns, Returns Under Service Tax, Penalty for Late Filing of

Return and Advance Ruling.

Unit V Service Tax - Recovery and Appeals

Recovery of Service Tax, Relevant Date For Issue of Show Cause Notice, Payment Before Receipt of

Show Cause Notice, Doctrine of Unjust Enrichment, Penalties, Waiver or Reduction of Penalty, CENVAT

Credit Rules, Appeals, Appeals to The Commissioner of Central Excise (Appeals) and Appeals to Tribunal.

10

13

10

15

12

Total Hours: 60

Reference books

1. Datey V.S (2013). Indirect taxes law and practice. Taxman’s Publications, New Delhi.

2. Tamil Nadu Value Added Tax Act 2006.

3. Current Union Budget

4. Jain R.K, Central Excise Law Manual

Corporate Accounting – II



Objective:

1. To make the students to understand the accounting procedure and concepts of the various forms of companies.

UNIT I Accounts of Banking Companies

Accounts of Banking Companies, Definition of the Term Banking Company - Provision of

Banking Companies,Regulation Act 1949 Relating to Preparation of The Profit and Loss

Account and Balance Sheet, Guidelines of the RBI for the Preparation of Profit And Loss

Account.

UNIT II Insurance Companies

Accounts of Insurance Companies, Types of Insurance, Accounts of Life Insurance Business, Preparation

of Revenue Accounts and Balance Sheet, Determination of Profit in Life Insurance Business, Procedure

for Ascertaining Profit or Loss, Final Accounts of General Insurance Companies, Preparation of Revenue

Account Applicable to Fire Insurance Business, Marine Insurance Business and Miscellaneous Insurance

Businesses-Preparation of Profit and Loss Account and Profit and Loss Appropriation Account (Form - C).

UNIT III Holding

Accounts of Holding Companies, Definition of Subsidiary Company, Consolidated Balance Sheet,

Calculation of Minority Interest, Cost of Control/Goodwill and Capital Reserve, Calculation of Pre

Acquisition Profit and Post Acquisition Profit,Treatment of Unrealized Profit and Contingent Liability

UNIT IV

Hotel Accounting, Types of Customers, Important Terms in Connection with Hotel Business,

Basis of Charging Room Rates, Front Office, Back of the office,General Book Keeping, Final

Accounts of Hotel Industry, Preparation of Profit and Loss Account and Balance Sheet.

UNIT V

Accounts of Co-operative Societies, Books of Accounts, Receipts and Payments, Statement, Final

Accounts, Accounts of Government Companies, Statutory Corporations, Form and Contents of Profit and

Loss Account and Balance Sheet.

Total Hours: 75

15

15

15

15

15

Text book:

1. Jain S. P. and Narang. K. L, (2013), Advanced accountancy, Kalyani Publishers,Ludhiana, New Delhi.

Reference books:

1. Gupta R. L., Advanced Accountancy (2013), (Sultan chand and Sons), 23, Dharyaganj, New Delhi.

2. Hishikesh Chakrabarthy (2013), Advanced Accountancy, Navabharat Publishers. New Delhi.

3. Iyengar S.P, (2013), Advanced Accountancy, Sultan Chand and Sons Ltd., New Delhi.

4. Shukla M.C, Grewal T.S (2013), Advanced Accountancy, S.Chand & Co, Ltd. New Delhi.

5. Tulsian P.C (2013), Advanced Accountancy, Tata Mc. Grew Hill Publishing Company Ltd, New Delhi.

6. Arulanandham,K.Raman.S, (2013), Advanced Accountancy, Himalaya Publishing House, New Delhi.

Financial Services

Semester IV Hours of Instruction /week: 4


Objectives

To enable the students to understand the financial services offered in India.

To assist the students to learn about different types of financial services

To facilitate the students to learn about the Institution providing financial services

Unit I Introduction to Financial Services

Meaning, Significance, Features, Constituents of Financial Services, Evolution of Financial

Services in India, Function of Financial Service Institutions, Regulating Authorities and

Financial Services in India.

Unit II Merchant Banking and Credit Rating

Merchant Banking, Meaning, Origin, Scope of Merchant Banking Activities, Merchant Banker,

Registration, Functions, Code of Conduct for Merchant Bankers, Issue Manager, SEBI

Guidelines on Merchant Banking, Credit Rating, Functions, Benefits and Credit Ratings

Agencies in India.

Unit III Mutual Fund

Evolution, Types of Mutual Fund Schemes, Advantages, Risk Associated with Mutual Fund,

Net Asset Value, Growth of Mutual Funds, Mutual Fund Organization, Regulatory Aspects,

Selection of a Fund.

Unit IV Source of Finance

Leasing and Hire Purchase, Evolution, Features, Comparison, Advantages, Disadvantages,

Regulatory Authority, Classification of Lease, Lease Market in India, Law on Hire Purchase,

Venture Capital, Meaning, Origin, Features, Scope, Importance and Methods of Venture

Financing

Unit V Book Debt Financing

Factoring, Evolution, Modus Operandi Significance, Types, Advantages, Disadvantages,

Factoring in India, International Factoring, Forfeiting, Meaning, Distinction between Factoring

and forfeiting, Benefits of forfeiting. Forfeiting in India.

Total Hours: 60

Text books:

10

12

12

12

14

1. Gordon E. and Natarajan K. (2013), Financial Markets and Services, Himalaya Publishing House, New

Delhi.

Reference books:

1. Hooda. R.P. (2010), Excel Book Indian Securities Markets Investors view point, New Delhi .

2. Kahan.M.Y(2013), Indian Financial System, Tata McGraw Hill, New Delhi.

3. Bhole.L.M (2012), Financial Markets and Institutions, Tata McGraw Hill, New Delhi.

4.Gurusamy .S. (2010), Financial services, McGraw Hill, New Delhi.

On the Job Training

Semester V


On the job training during the summer vacation immediately after the completion of the fourth

semester examination (4 weeks), and the marks for this will be provided at the end of the fifth semester.

Integrated Proficiency Compete/ncy Course (IPCC) Group - I and II


Certificate Course in IPCC Group - II offered in Semester V covers the syllabi of five papers

namely Auditing and Assurance - I, Management Accounting, Value Added Tax and Service Tax,

Corporate Accounting - II, and Financial Services. Examination for this course will be conducted only at

the end of VI Semester for 100 marks (50 internal marks, 50 external marks, with internal Questions).

Professional Accounting - Computer Based Test



The online test will be conducted at the end V semester based on the subjects studied in the previous

semesters. (From Semester I to V). The Examination will be conducted for 100 objective type questions.

Self Study

Entrepreneurial Development

Semester V Hours of instruction /week: 1

14 BCPC27 No. of. credits: 4

Objectives

To provide an exposure to the students to the entrepreneurial culture and industrial

growth.

To develop and strengthen entrepreneurial capacity of

To understand the process and procedure involved in setting up small scale industrial

units.

Unit I Entrepreneurship Development

Entrepreneur and Entrepreneurship, Concept, Characteristics, Functions and Types of Entrepreneur,

Growth of Entrepreneurship in India, Entrepreneurial Culture and Structure, Entrepreneurial Traits,

Entrepreneurial Motivation, Women Entrepreneurship, Problems in Establishing Entrepreneurial

System.

3

Unit II Project Analysis

Project Identification and Classification, Internal and External Constraints, Project Objectives, Project

Life Cycle, Project Formulation, Need, Concept, Significance and Elements of Project Formulation,

Feasibility Analysis, Project Report, Content , Planning, Commission, Guidelines for Formulating a

Project Report.

Unit III Project Appraisal

Project Design and Appraisal, Concept of Project Appraisal and Methods of Project Appraisal, Methods

of Minimizing Risks, Overrun Analysis, Plant Location and Layout and Marketing Opportunities

Unit IV Small Scale Industry

Steps for Starting a Small Industry, Preparation of Project Report Guidelines, Procedure and

Formalities for registration, opportunities for a Entrepreneurial Career, Role of Micro, Small and

Medium Enterprises in Economic Development, Problems of Small Scale Enterprises, Financing of

Enterprises, Sources of Finance, Term Loans and Venture Capital.

Unit V Financial Institution

Institutional Finance to Entrepreneurs, Commercial Banks, other Financial Institutions, Institutional

Support to Entrepreneurs, Need, Role of Various Institutions, Taxation Benefits to Small Scale

Industry, Government Policy for Small and Medium Scale Enterprises and Growth Strategies in Small

Business.

Total Hours: 15

3

3

3

3

Text books:

1. Gupta C.B.and Srinivasan M.P (2012) , Entrepreneurial development ,Sultan chand Publications New Delhi

Reference books:

1. Khanka S.S. (2010), Entrepreneurial Development, S.Chand & Co., Ltd, New Delhi.

2. Vasant Desai (2010), Dynamics of Entrepreneurial Development and Management, Himalaya Publishing House, Bombay.

3. Deshpande (2012), M.V.Entrepreneurship of Small Scale Industries, Deep and Deep Publication, Allahabad.

4. Prasanna Chandra (2012) Project Preparation, Appraisal, Implementation, Tata Mc Graw Hill, New Delhi.

5. Srivastava S.B (2012), A Practical guide to Industrial Entrepreneurs, Sultan Chand and Sons, New Delhi.

Open Course


- No of credits: 2

Strategic Management

Semester VI Hours of Instruction/Week: 4


Objectives:

To enhance decision making abilities of students in situations of uncertainty in a dynamic business environment

To develop an understanding of strategic management concepts and techniques.

Unit I Introduction

Concept of Strategy, Definition, Meaning, Levels of Strategy Operations, Approaches to Strategic

Decision Making, Mission and Purpose, Objectives and Goals, Strategic Business Unit (SBU) and

Functional Level Strategies.

Unit II Environmental Analysis

Environmental Analysis and Diagnosis, Concept of Environment and its Components, Environment

Scanning and Appraisal, Organizational Appraisal, Strategic Advantage Analysis and Diagnosis and SWOT

Analysis.

Unit III Formulation Strategy and its Application

Strategy Formulation and Choice of Alternatives, Strategies, Modernization, Diversification, Integration,

Merger, Take over and Joint Strategies, Turnaround, Disinvestment and Liquidation Strategies, Process

of Strategic Choice, Industry, Competitor and SWOT Analysis, Factors Affecting Strategic Choice, Generic

Competitive Strategies, Cost Leadership, Differentiation Focus, Value Chain Analysis, Bench Marking and

Service Blue Printing.

Unit IV Functional Strategy

Formulation of Functional Strategy, Strategies Relating to Marketing, Finance, Production, Logistics and

Human Resources.

Unit V Implementation and control

Strategy Implementation and Control, Organizational Structures, Establishing Strategic Business Units,

Establishing Profit Centers by Business, Product or Service, Market Segment or Customer, Leadership

and Behavioral Challenges. Reaching Strategic Edge, Business Process Reengineering and Total Quality

Management.

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12

14

12

12

No. of Hours: 60

Reference books:

1. Bhattachary.S.K. and N.Venkataramian, (2013), Managing Business Enterprises :

Strategies, Structures and Systems,Vikas Publishing House, New Delhi.

2. Budiraja,S.B. and M.B.Athreya, (2013), Cases In Strategic Management, Tata,

Mcgrawhill, New Delhi.

3. Michal.E.Porter,( 2013, )The Competitive Advantage of Nations, Macmillan, New Delhi.

4. Mintzberg, Henry and James Brian Quinn,(2012), The Strategy Process, Prentice Hall,

New Jersey.

5. Sharma, R.A (2012), Strategic Management In Indian Companies, Deep and Deep

Publications, New Delhi.

6. Ravi M. Kishore,( 2013), Financial Management,Taxmann Allied Services (P.) Ltd.,New

Delhi.

Financial Management

Semester VI Hours of instructions / week: 5


Objectives:

To enable the students to understand the functions and importance of Financial

Management.

To help the students to learn the various techniques of financial management

To understand the different methods of managing working capital and capital budget.

Unit I Financial Management Introduction

Basics, Nature, Scope, Objectives and Importance, Financial Decision, Functions of Finance Manager,

Organization of Finance Function, Role of Financial Controller, Financial Planning, Objectives and Steps

in Financial Planning.

Unit II Capital

Basics, Forms of Capital, Sources, Capitalization, Under and Over Capitalization, Capital Structure,

Importance, Theories on Capital Structure, Cost of Capital, Concept, Significance, Computation of Cost of

Capital, Leverages, Meaning, Operating, Financial and Combined Leverages, EBIT and EPS Analysis.

Unit III Capital Budgeting

Concept, Importance, Methods, Pay Back Methods, Average Rate of Return, Discounted Cash

Flow Techniques, NPV, IRR Methods, Comparison of Different Methods.

Unit IV Working Capital Management

Concept, Need and Kinds of Working Capital, Determinants of Working Capital, Forecasting of

Working Capital Requirements, Sources of Working Capital, Management of Cash, Models and

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18

15

15

Motives for Holding Cash, Factors Determining Cash Needs, Basic Strategies, Management of

Inventories, Purpose of Holding Inventory, Techniques of Inventory Management, Management

of Receivables, Importance, Forecasting of Receivables.

Unit V Dividend Policy

Dividend Models, Forms of Dividends, Dividend Decision and Valuation of Firm, Dividend

Theories, Types of Dividend Policy and Dividend Policy in Practice.

No. of Hours: 75

Text book:

1. Sharma, R.K .and Shashi K. Gupta (2013), Financial Management Sultan Chand & Sons, New Delhi

Reference books:

1. Pandy I.M., (2012), Financial Management Vikas Publishing House, New Delhi.

2. James C. Vanhorn (2012), Financial Management Prentice International, New Delhi,

3. Khan M.Y. and. Jain P.K, (2012), Financial Management, Tata Mc Graw , Hill of India (P)

Ltd., New Delhi.

4. Maheswari. S.N. (2012), Financial Management, Sultan Chand New Delhi.

5. Bhalla (2012), Financial Management and Policy, Anmol Publishers ,New Delhi .

15

E - Commerce

Semester VI Hours of Instructions per week: 4


Objectives:

To familiarize the concept of IT Security and E - Business Transactions;

To educate the online payment System and Settlement; and

To understand the methodology for online business dealings using E - Commerce infrastructure and

be familiar with mechanism for conducting business transactions through electronic means;

Unit I E - Commerce

Introduction, Meaning, Advantages and Disadvantages, Emergence of Internet - Emergence of World

Wide Web (WWW), EDI, E - Commerce Opportunities for Industries, E - Transition Challenges for

Indian Corporate, Business Models for E - Commerce: E - Business Model Based on Relationship of

Transaction Parties, E - Business Model Based on Relationship of Transaction Types, Information

Technology Act 2000, Contents, Important Concepts introduced in the Act and Positive aspects for

Corporate Sector.

Unit II E - Marketing

Meaning and Definition, Traditional Marketing versus. E - Marketing, Online Marketing, E -

Advertising, Internet Marketing Trends, E - Branding, E - Supply Chain Management, M - Banking, M –

Commerce and M - Marketing.

Unit III E - Payment System

Meaning, Digital Payment Requirements, Digital Token Based E - Payment System, Classification of

New Payment System, Properties of E - Cash, Cheque Payment System on Internet, Risk and E -

Payment System, Designing E - Payment System, Digital Signature, ECS and Virtual System.

12

12

12

Unit IV E -Trading

SEBI, Guidelines, Procedure for Online Trading, E - Banking: Meaning, Traditional Banking v/s. E -

Banking, Facts of E - Banking, ATM, RTGS, NIFT, Mobile Banking, anywhere Banking, Internet Banking,

Current Trends, Virtual Education and Business and ICT.

Unit V Security in E - Commerce

Digital Signatures, Net Work Security, Data Encryption, Secrete Keys and Public Keys, Mobile

Commerce, Technologies for Mobile Commerce, Intelligent Web Design, Requirements and Setting

Web Site Goals and Objectives and IT Security.

Total Hours: 60

Text Books:

1. Joseph,Prentice P.T. (2012) ,E - Commerce, A Managerial Perspective , Hall of India, New Delhi.

Reference books:

1. Daniel Amor, (2010) E - Business R (Evolution), Pearson Edude, New Delhi. 2. Krishnamurthy (2012), E - Commerce Management, Vikas Publishing House, New Delhi. 3. David Whiteley, (2012), E - Commerce: Stratergy, Technologies and Applications, Tata Mc

Graw Hill, New Delhi.

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12

Business Law – III

Semester VI Hours of instruction per week: 4


Objectives:

To understand the legal formalities as regards business.

To familiarise the IRDA Act and FEMA regulations

To enhance the knowledge of the Banking Regulation Act, 1949

UNIT I Foreign Excahange Management Act 1999

The Foreign Exchange Management Act 1999, Definitions, Regulation and Management of Foreign

Exchange, Dealings in Foreign Exchange, Authorized Person, Contravention and Penalties, Directorate of

Enforcement.

UNIT II Competition Act, 2002

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Competition Act 2002, Definitions, Prohibition of Certain Agreements, Abuse of Dominant Position and

Regulation of Combinations, Competition Commission of India - Duties, Powers and Functions of

Commission – Competition Advocacy.

UNIT III Law of Insurance

Law of Insurance, Contract of Insurance, Premium, Reinsurance and Double Insurance, Life Insurance

Contract, Insurable Interest, Rights of Insurer to avoid Life Policy, Assignment and Nomination, Fire

Insurance, Average Clause, Insurable Interest, Loss by Fire, Rights of Insurer, Assignment, IRDA Act 1999,

Duties, Powers and Functions of IRDA.

UNIT IV Money Laundering

The Prevention of Money Laundering Act, 2002, Definitions, Offences of Money Laundering,

Attachment, Adjudication and Confiscation, Obligations of Banking Companies, Financial Institutions and

Intermediaries, Summons, Searches and Seizures, Appellate Tribunal and Authorities.

UNIT V Banking Regulation Act

Banking Regulation Act 1949, Origin of the Act, Business of Banking Company, Capital Requirements,

Management, Maintenance of Liquid Assets, Licensing of Banks, Opening of New Branches, New

Licensing Policy, Loans and Advances, Inspection of Banks, Powers of the RBI, Returns to be submitted,

Acquisition of Business, Winding up and Amalgamation of Banking Companies.

Total Hours: 60

12

12

12

12

Text book:

1. Kapoor N.D,(2012) Elements of Mercantile Law, Sultan Chand & Sons, New Delhi.

2. Varshney P.N ,(2012), Banking Law and Practice, Sultan Chand & Sons, New Delhi.

Reference books:

1. Gogna.PPS (2012), Mercantile Law, S.Chand and Company limited, New Delhi.

2 Tulsian P.C,(2013), Mercantile Law, Tata McGraw Hill Publishing Company, New Delhi.

3. Kapoor N.D (2012), Commercial Law, Sultan Chand & Sons, New Delhi.

4. Gordon E, Natarajan (2012), Banking Theory, Law and Practice, Himalaya

Publishuing House New Delhi.

5. Gulshan S.S. and Gulshan K.Kapoor,(2012), Banking Law and Practice, S.Chand and Company Ltd.,

New Delhi.

Central Excise and Customs Law Procedure and Practice

Semester VI Hours of Instruction per week: 4


Objectives:

To understand practice of Central Excise and Customs Law.

To understand the procedures to be followed in Central Excise and Customs Law.

Unit I Introduction to Central Excise Duty

Nature And Meaning of Central Excise, Constitutional Framework, Definitions, Events of Taxation of

Excise Levy, Charging Section, Valuation of Excisable Goods, Types of Excise Duty.

Unit II Procedures to Be Followed at the Time of Registration

Registration of Assessees, Procedure for Registration , Exemption from Registration,

Maintenance of Records and Registers, Excise Procedures for Assessees, Types of Exporters,

Procedure for Export of Excisable Goods

Unit III Introduction to CENVAT Rules

CENVAT, Meaning, Salient Features of CENVAT, CENVAT Credit on Input and Capital Goods, Exemptions

for Small Scale Sector, Periodical Returns, and Service Tax.

Unit IV Introduction to Custom Duty

Role of Customs in International Trade, An Overview of Customs Act 1962 and Customs Tariff Act 1975,

Important Terms and Definitions, Kinds of Duties, Valuation of Goods under Customs Act.

Unit V Procedures to be Followed at the Custom Ports

Procedure for Import and Export of Goods under Customs Act, General Provisions about Baggage,

Import and Export through Courier and Post Parcels.

Total No of Hours: 60

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15

15

15

15

12 12

12

12

12

Text books:

1. Datey. V. (2012), Indirect Taxes Law and Practice Taxman’s Publications, New Delhi.

Reference books:

1. Jain R.K, Customs Manual (2012), Central Tax Publication, Pvt. Ltd., New Delhi.

2. Jain R.K, Customs’ Tariff Act (2012), Central Tax Publication, Pvt. Ltd., New Delhi.

3. Mehrotra H.C, Goyal S.P. (2013), Direct and Indirect Taxes, Sahitya Bhawan Publications, Agra.

Auditing and Assurance - II

SEMESTER VI Hours of instruction per week: 4

14BCPC 33 No. of Credits: 3

Objectives:

To understand and gain working knowledge of generally accepted auditing procedures, techniques and skills needed to apply them in audit and attestation engagements and

Solving simple case studies.

UNIT I Audit of Payments and Receipts

General Considerations, Wages, Capital Expenditure, Other Payments and Expenses, Petty Cash

Payments, Bank Payments, Bank Reconciliation , Audit of Receipts, General Considerations, Cash Sales,

Receipts from Debtors and Other Receipts.

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UNIT II Audit of Purchases and Sales

Vouching Cash and Credit Purchases, Forward Purchases, Purchase Returns, Allowance Received from

Suppliers , Audit of Sales, Vouching of Cash and Credit Sales, Goods on Consignment, Sale on Approval

Basis, Sale Under Hire Purchase Agreement, Returnable Containers, Various Types of Allowances Given

to Customers, Sale Returns.

UNIT III Trading Transactions and Impersonal Ledger

Audit of Suppliers, Ledger and the Debtors Ledger, Self-Balancing and the Sectional Balancing System,

Total or Control Accounts, Confirmatory Statements from Credit Customers and Suppliers, Provision for

Bad and Doubtful Debts, Writing off of Bad Debts, Audit of Impersonal Ledger, Capital Expenditure,

Deferred Revenue Expenditure and Revenue Expenditure, Outstanding Expenses and Income, Repairs

and Renewals, Distinction between Reserves and Provisions, Implications of Change in the Basis of

Accounting, Audit of Assets and Liabilities.

UNIT IV Company Audit and Special Audit

Audit Of Shares, Qualifications and Disqualifications of Auditors, Appointment of Auditors, Removal of

Auditors, Powers and Duties of Auditors, Branch Audit, Joint Audit, Special Audit, Reporting

Requirements Under the Companies Act,1956, Special Points in Audit of Different Types of

Undertakings, Educational Institutions, Hotels, Clubs, Hospitals, Hire Purchase and Leasing Companies

(Excluding Banks ,Electricity Companies, Cooperative Societies, and Insurance Companies).

UNIT V Government Audit and Audit Reports

Features and Basic Principles of Government Audit, Local Bodies and Not for Profit

Organizations, Role of Comptroller and Auditor General of India, Audit Reports, Qualifications,

Disclaimers, Adverse Opinion, Disclosures, Reports and Certificates.

Total Hours: 60

Text book:

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1. Tandon B.N, (2012), Practical Auditing, S.Chand & Co., New Delhi.

Reference books:

1. Sharma T.R.(2012), Auditing, Sahitya Bhawan, New Delhi.

2. Dingar pager (2012), Auditing, S.Chand and Co., new Delhi, 2007

3. Saxana (2012), Principles of Auditing, Himalaya publishing house, New Delhi.

4. Ravendarkumar and Verendar Sharma(2012), Fundamentals of Practical Auditing.Printice Hall of India, Pvt Limited.

5. Pradeepkumar, Beldev, Sachdeva (2012), Auditing theory and Practice., Kalyani publishers, New

Delhi.

Integrated Proficiency Competency Course (IPCC) Group I and II

SEMESTER VI Hours of instruction per week: 2


Certificate Course in IPCC Group - II offered in Semester V covers the syllabi of five papers

namely Auditing and Assurance - I, Management Accounting, Value Added Tax and Service Tax,

Corporate Accounting - II, and Financial Services. Examination for this course will be conducted only at

the end of IV Semester for 100 marks (50 Internal Marks, 50 external Marks, with internal question

setting).

Business Law

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