SEMESTER I

PAPER 1
BUSINESS ORGANISATION
(Hours of instruction per week: 6)

Objective:
To enable the students to explore various business horizons and to develop business
traits.

Contents :

UNIT I ((25 Hours)

Nature and scope of business-Essentials of successful business Setting up a new

enterprise-Entrepreneurship-Essentials of good manager and entrepreneur-Forms of
business organization Sole trader-Partnership-Joint Hindu family- Joint stock
company-Cooperative organization Public enterprise.

UNIT II ((20 Hours)

Location and layout Factor influencing location Importance of balanced growth-
Government policies for decentralization Size of business units Large scale vs.
small-scale business-Optimum firm Factors affecting optimum size.

UNIT III ((25 Hours)

Business combinations CausesTypes and forms Effects of business
combinations An over view of industrial policy in India.

UNIT IV ((25 Hours)

Trade-types-Inland trade-Wholesale tradeRetail trade-Foreign trade-Import and
export procedure.

1
UNIT V ((25 Hours)

Office organization Functions-Office management-Appliances-Filing-Indexing-

Office environment.

TEXTBOOK:

1. Business Organisation and Management, Y.K. Bhushan, Sultan Chand and Sons,
New Delhi, 2008.

BOOKS FOR REFERENCE:

1. Business Organisation and Management by Acharya and Govekar, Himalaya

Publishing House, Bombay, 2004.

2. Business Organisation and Management, M.C. shukla, S., Chand and

Company Ltd, New Delhi, 2006
3. Business Organisation , B.B. Ghosh, Mukerjee & Co., Ltd., Calcutta,
2004.
4. Modern Business Organisation and Management, S.A. Sherlekar, V.S.Sherlekar,
Himalaya Publishing House, New Delhi, 2004

5. Business Organisation, Banerjee, Asia Publishing House, Bombay, 2004.

6. Business Organisation and Management, Sinha and Mugall. R. Chand & Company,
Ansari Road, Daryaganj, New Delhi, 2004

7. Principles of Business Organisation and Management, P.N. Reddy, S.S. Gulshan. S.

Chand and Company, 2006.
8. Business Organisation and Management, R.K. Sharma, Shashi K.
Gupta. Kalyani Publishers, New Delhi, 2008.

2
 SEMESTER I
PAPER 1

FINANCIAL ACCOUNTING I
(Hours of Instruction per week: 6)

Objective:
To help the students to acquire fundamental knowledge of accounting and their
application.

Contents:
UNIT I (25 Hours)

Introduction to accounting Definition Need and scope of accounting- Book

KeepingAccounting Concepts and ConventionsDouble entry system of book
keeping- Journal Ledger-Subsidiary books- Bank reconciliation statement Trial
balance- Errors rectification of errors.
UNIT II (35 Hours)

Capital and revenue expenditure and receipts Final accounts of sole trader-
Manufacturing account, Trading and Profit and loss accounts and Balance sheet-
Adjusting and closing entries. Bills of Exchange- Accounting treatment.

UNIT III (20 Hours)

Consignment account- Features - Preparation of Proforma invoice-Account sales-

Accounting treatment in the books of consignor and consignee-Valuation of
consignment stock Normal and abnormal loss-invoice of goods at a price higher
than cost price- Joint venture Meaning Accounting procedure- Joint bank
account.

UNIT IV (20 Hours)

Depreciation Meaning-Different Methods of providing depreciation-Provision and

reserves- Accounts of non-trading concern- Preparation of receipts and payments
and income and expenditure account.
UNIT V (20 Hours)

Account current- Different methods of calculating interest- Average due date-

Calculation of Average Due Date. Royalty Meaning- Accounting Treatment -Sub
lease.

3
TEXT BOOK

1. Advanced Accountancy, S.P. Jain and K.L. Narang, Kalyani Publications,

New Delhi, 2008.
BOOKS FOR REFERENCE:

1. Advanced Accountancy, R.L. Gupta, Sultand Chand & Sons, New Delhi,
2008.

2. Advanced Accountancy, Basu and Das, Himalaya Publishing, New Delhi,

2008.

3. -Advanced Accountancy, Pc. Tulsian, Tata Mcgraw Hill Publishing Co., Ltd, New
Delhi, 2008.
4. Advanced Accounting, M.C.Shukla, T.S. Grewal, S.C. Gupta, Sultan Chand
& Sons, New Delhi, 2008.

4
 SEMESTER II
PAPER 3
PRINCIPLE OF MANAGEMENT
(Hours of instruction per week: 6)

Objective:
To enable the students to understand the basic principles of management

Contents

UNIT I (20 Hours)

Introduction Concept Nature-Process and significance of management-
managerial roles (Mintzberg) An overview of functional areas of management-
development of management thought-Classical and neo -classical system
Contingency approaches.

UNIT II (25 Hours)

Planning Concept-Process and Types- Decision making-concept and process-
Bounded rationality Management by objectives-corporate planning-Environment
analysis and diagnosis-Strategy formulation.

UNIT III (25 Hours)

Organizing Concept-Nature-Process and significance-Authority and responsibility
relationship-Centralization and Decentralization Departmentation Organization
structure Forms and contingency factors.

UNIT IV (25 Hours)

Motivating and leading people at work Motivation Concept Theories Maslow
Herzberg, McGregor and Ouchi-Financial and non-financial incentives-leadership
Concept and leadership style-Leadership theories (Tannenbaum and schmidt);
Likert system management-Communication-Nature-Process-Network and Barriers
Effective communication.

UNIT V (25 Hours)

Managerial control- Concept and process Effective control system techniques of
control Traditional and modern Coordination Nature Objectives-Need-
Management of change Concept Nature and process of planned change-
Resistance to change Emerging horizons of management in a changing
environment.

5
 TEXT BOOK:

1. Principles and Practice of Management ,T.N.Chabra, Dhanpat Rai Co.

Pvt, Ltd., New Delhi, 2006.

BOOKS FOR REFERENCE:

1. Business Organisation and Management ,Acharya and Govekar,

Himalaya Publishing House, Bombay, 2004.

2. Business Administration ,Saxena, Himalaya Publishing House,

Mumbai,2005.

3. Principles of Management , Koontz and O.Donnell , McGraw Hill

Book, New York, 2004.

4. Principles of Business Management, S.A.Sherlakar, V.s.Sherlakar,

Himalaya Publishing House, Mumbai,2005.

5. Principles of Management ,Dinkar Pagare, Sultanchand & Sons,

New Delhi, 2005.

6
 SEMESTER II
PAPER 4

FINANCIAL ACCOUNTING II
(Hours of Instruction per week: 6)
Objective:
To introduce the accounting the procedure applicable to various forms of business.
UNIT I (15 Hours)

Hire purchase system-Meaning- Features-Distinguish 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.
UNIT II (30 Hours)
Partnership accounts-Features-Partnership deed-Necessary adjustment in accounts-
Admission of a partner-Calculation of new profit sharing ratio-Calculation of
sacrificing ratio-Treatment of goodwill-Methods of valuation of goodwill-Treatment of
goodwill on admission of a partner-Conversion of sole proprietor business into
partnership-Retirement of a partner-Calculation of gaining ratio-Treatment of goodwill-
Revaluation of assets and liabilities.
UNIT III (25 Hours)
Dissolution of firm-Modes of dissolution-Settlement of accounts-Accounting
treatment-Piecemeal distribution-Insolvency of a partner-Garner Vs Murray.
UNIT IV (40 Hours)
Branch accounting-Meaning-Object-Types of branches-Dependent branches-
Accounting treatment in respect of dependent branches-Debtors system-Stock and
debtor system-Final accounts system-Independent branches-Incorporation of branch
trial balance in head office books.
UNIT V (10 Hours)
Departmental accounting -Meaning need for departmental accounting-Methods and
techniques of accounting-Inter departmental transfers-Fire Insurance claim-Stock
Insurance-Loss of profit Insurance.

7
TEXT BOOK

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

2008.
BOOKS FOR REFEREANCE:

1.Advanced Accountancy, R.L.Gupta, Sultand Chand & Sons, New Delhi, 2008.
2. Advanced Accountancy, Basu and Das, Himalaya Pulication, New Delhi, 2008.
3. Advanced Accountancy, Pc.Tulsian, Tata Mcgraw Hill Publishing Co., Ltd, 2008.
4. Advanced Accountancy, M.C.Shukla, T.S.Grewal, S.C.Gupta, Sultan Chand & Sons,
New Delhi, 2008.

8
 SEMESTER III
PAPER 5
BANKING LAW AND PRACTICE
(Hours of instruction per week: 5)

Objective:
To enable the students to understand the law and practice of banking.
Contents:

UNIT I (10 Hours)

Banking system in India -An outline of the banking structure in India viz RBI- SBI
Commercial Banks - Functions - Changing role of commercial banks
Cooperative banks.
UNIT II (18 Hours)
Contract between banker and customer Relationship between banker and
customer Rights and obligations Opening of a new account Savings Current
and fixed deposits Recurring deposits - Pass book Types of customers- Minors
Married women Trustees, executors and administrators Joint account Attorney
Partnership Joint stock companies.
UNIT III (18 Hours)
Cheques-Definition Legal elements Features Crossing endorsements -
Payment and collection of cheques-Payment in due course Precautions to be taken
by the paying banker Protection given collecting banker as agent Holder for
value Negligence Conversion protection given to collecting banker Duties
of collecting banker.

UNIT IV (24 Hours)

Loans and advances-Forms of loans Principles of lending Secured and
unsecured loans-Secured advances Pledge Hypothecation Mortgage Rights
and duties of mortgager-Type of Securities- Goods Documents of title to goods
Securities of joint stock companies Insurance policies Real Estate Book
Debts.

UNIT V (30 Hours)

Electronic Banking Services Benefits Risk management for E-Banking-
Internet banking Major issues Indian scenario Electronic money Categories
Mode of issue and implications Mobile banking features security issues
Telephone banking Features Facilities Electronic Funds Transfer (EFT)
system Electronic Clearing service (ECS) Electronic payment system Process -
Payment methods - ATM Credit cards Debit cards Smart cards Features
Types - Recent Trends in Banking Services.

9
TEXTBOOK:
1. Banking Law and Practice , P.N. Varshney, Sultan Chand & Sons, New Delhi,
2008.

BOOKS FOR REFERENCE:

1. Banking Law and Practice, E. Gordon, K.Natarajan, Himalaya Publishing House,

New Delhi, 2008
2. Banking Law and Practice, S.S. Gulshan and Gulshan K.Kapoor, S.Chand and
Company Ltd., New Delhi, 2007
3. Banking and Financial System, Dr. K. Nirmala Prasad, J, Chandradass, Himalaya
publishing House, Bombay, 2004

4. Banking theory & Practice, Shekar & Shekar, Vikas Publishing House Pvt. Ltd.,
New Delhi, 2004
5. Banking Theory law and practice, Dr s Gurusamy, Vijay Nicole Imprints Pvt ltd,
Chennai, first edition 2007.

10
 SEMESTER III
PAPER 6
BUSINESS COMMUNICATION
(Hours of Instruction Per week: 6)
Objective:

To develop written and oral communication skills and to acquire the art of writing
business reports.

Contents:

UNIT I (25 Hours)

Communication -Meaning - Objectives Importance of Communication -Media-
communication process Non-verbal aspects of communicating Body
language: Kinesics, Proxemics, Para language- Effective listening- Principles of
effective listening- Factors affecting listening exercise, oral, written and video
sessions.Barriers to communication -Types of communication-modern techniques
of communication Fax, E-Mail, video conferencing

UNIT II (20 Hours)

Business Correspondence - Need Functions of a Business letter Effective
Business letter- language and layout of business letters. Enquiries and replies
Orders and execution-Credit and status Enquiries-Claims and adjustments
Collection letters Sales letters- Circular letters.

UNIT III (25 Hours)

Banking and insurance correspondence-Agency Correspondence-Import and
Export correspondence-Application for appointment-Drafting Resume-Public
Relations letters-Letters to the Editor.

UNIT IV (25 Hours)

Report writing Principles governing the preparation of reports Function of a
Report Business report Reports by individuals, Report by committees
Directors report Drafting of Company Meeting Notices-drafting of agenda and
minutes of company meetings.

UNIT V (25 Hours)

Oral Presentation: Principles of Oral Presentation, Factors affecting presentation,
Sales Presentation, training presentation, conducting surveys, speeches to
motivate, effective presentation skills. Writing essays on topics relating to
commerce, Industry and Banking etc.,

11
TEXT BOOK

1. Essentials of Business Communication, Rajendra Pal & Korlahalli.J.S.

SultanChand & Sons, New Delhi 2008.

BOOKS FOR REFERENCE:

1. Effective Business English and Correspondence,Ramesh M.S. Patten Shetty, Sultan

Chand & Sons Delhi 2000.
2. Modern Business Correspondence, Nagamiah & Paul.
3. Business Correspondence And Report Writing, R.C. Sharma and Krishna Mohan, Tata
McGraw Hill Publishing House, New Delhi, 1998.
4. Essentials of Business Communication, Marry Ellen, Guffey South Western College
Publishing House, 1995.
5. Business Correspondence and Report Writing, Urmila Rai, S.M. Rai, Himalaya
Publishing House, New Delhi, 2001.
6. Business Communication Theory and application, Lesikar Pettit, A.I.T.B.s, Publishers
and distributors (Reg), 2001.
7. Effective Communication, Urmila Rai, S.M. Rai, Himalaya Publishing House, New
Delhi, 2001.

12
 SEMESTER III
PAPER 7
MARKETING
(Hours of instruction per week: 6)

Objective:
To educate the students on marketing functions and its practices.

Contents:

UNIT I (20 Hours)

Introduction : Nature and scope of Marketing; Importance of Marketing as a
business function and in the economy Marketing concepts; traditional and modern
Selling Vs. Marketing Marketing Mix: Marketing environment Marketing
functions Consumer Behaviour and market segmentation.

UNIT II (25 Hours)

Product : Concept of product Consumer and Industrial goods Product Planning
and development; Packaging role and functions; Brand name and trade mark;
After Sale Service Product life cycle Concept Pricing Importance of Price in
marketing mix ; Factors affecting price of a product/Service Discounts and
rebates.

UNIT III (25 Hours)

Distribution Channels and Physical distribution ; Distribution Channels : Concept
and Role Types of distribution channels Factors affecting choice of a
distribution channel Retailer and Wholesaler.

UNIT IV (25 Hours)

Promotion Methods of promotion Optimum Promotion mix Advertising Media
their relative merits and limitations Characteristics of effective advertisement
Personal selling Selling as a Career Classification of a Successful Sales persons
Functions of Salesman Marketing Research.

UNIT V (25 Hours)

Marketing of Agricultural products Peculiarities of Agricultural products
Problems in Agricultural Marketing Local Markets Terminal Markets
Regulated Market Organised Commodity Markets Meaning Functions
Objects Trading on Commodity exchange Speculative dealings Hedging
Regulation of commodity exchange in India.

TEXTBOOK:

1. Marketing, Rajan Nair, Sultan Chand & Sons, New Dehli, 2008.

13
BOOKS FOR REFERENCE:

1. Marketing Management, Kotlar, P. Prentice Hall of India. P. Ltd., New Delhi, 2004.
2. Marketing, Memoria, C.B. Himalaya Publishing House, New Delhi, 2004
3. Modern Marketing, Sherlekhar, Himalaya Publishing House, Bombay, 2004.
4. Modern Marketing, R S N Pillai and Bhagavathi , Sultan chand and sons , New
Delhi .2006.
5. Fundamentals of Business organization and management, Y.K.Bhushan, Sultan
chand and sons, New Delhi .2008.

14
 SEMESTER III
PAPER 8
COST ACCOUNTING
(Hours of instruction per week: 6)

Objective:
To enable the students to understand the costing principles and their application
to various industries.

Contents:

UNIT I(20 Hours)

Cost Accounting Definition-Advantages-Cost Accounting and Financial
accounting -
Cost center- Classification Of Cost Elements of Cost - Preparation Of Cost
Sheet-
Tender or Quotation -Installation of a Costing System.

UNIT II(25 Hours)

Accounting and control of Material cost-Issue of materials-Methods of pricing
of material issues: FIFO LIFO Simple and Weighted average - Pricing of
returns. Inventory control Concepts and techniques- fixation of stock levels-
EOQ,ABC analysis, VED Analysis- Perpetual and periodic inventory system-
Material losses and their treatment.

UNIT III(25 Hours)

Accounting and control of Labour cost- Types of labour Personnel department -

Methods of remuneration Time wage system Piece rate system Halsey plan
Rowan plan Other incentive scheme -Idle time-over time- Job evaluation
Merit rating Overheads-Classification of overheads-Basis of charging
Allocation Apportionment Absorption of overheads to production department
Methods Re-apportionment of service department expenses.

UNIT IV(25 Hours)

Methods of costing Process costing Treatment of normal and abnormal loss-
Inter process profit Joint products and by products costing Job costing
contract costing Treatment of notional profit.
-

UNIT V(25 Hours)

Unit costing Operating costing- Service costing Batch costing (simple
Problems only) Current trends in costing: Activity based costing Target
Costing, total quality management, strategic cost management (theory only).

15
TEXTBOOK

1. Cost Accounting Principles, Jain and Narang, Kalyani publishers, New Delhi, 2007.

BOOKS FOR REFERENCE:

1. Cost Accounting Methods, Iyengar. S.P. Sultan Chand Sons, 2004.

2. Cost Accounting ,Agarwal ,Sahitya Bhawan, Agra, 2004.

3. Cost Accounting ,R.S.N. Pillai, & V. Bagavathi - S.Chand & Co., Ltd., 2007.

4. Practical Costing, B.S.Khanna, I.M.Pandey, C.K.Ahuja, S.C.L.Batta S.Chand &

Co. Ltd, New Delhi, 2004.

5. Cost Accounting Managerial Empasis, C.T. Horngren, George Foster, M, Datar,

Prentice Hall of India Pvt. Ltd, New Delhi, 2004.

16
 SEMESTER IV
PAPER 9
COMMERCIAL LAW
(Hours of instruction per week: 6)

Objective:
To understand the legal formalities as regards business.

Contents:

UNIT I (25 Hours)

Origin of Law Sources of mercantile law -Law of contract Nature of contract-
Essential elements of contract- Kinds of contract- Performance of contract -
Discharge of contract - Remedies for Breach of contract.

UNIT II (25 Hours)

Indemnity and guarantee-Essential and legal rules for a valid contract Contract of
indemnity- Rights of indemnifier and indemnity holder-Contract of guarantee
Kinds - Revocation Suretys liability -Rights of surety-Discharge of surety from
liability

UNIT III (25 Hours)

Bailment and Pledge Features of a valid bailment Classification Duties and
rights of a bailor and bailee Termination Lien - Finder of goods - Duties and
rights of finder of goods Pledge- Features-Duties and rights of a pawnor and
pawnee

UNIT IV (20 Hours)

Law of agency Creation of agency -Nature and kinds of agency Relations of
principal and agent Duties and rights of Principle and agent Relation of
principal with third parties Termination of agency.

UNIT V (25 Hours)

Law of sale of goods - Nature of contact of sale Condition and warranties
transfer of ownership - Performance of contract of sale- Rights of unpaid seller
Remedies for breach of contract of sale-Auction sale-Consumer protection Act-
Salient features- Definition of Consumer Grievance redressal machinery. Human
Rights Kinds of human rights- Human rights movement in India Universal
declaration of Human rights.

17
TEXT BOOK:

1. Elements of Mercantile Law, N.D. Kapoor , ( Sultan Chand & Sons, New Delhi,
2008.

BOOKS FOR REFERENCE:

1. Commercial Law, N .D. Kapoor (Sultan Chand & sons), 23, Daryagani, 2005.
2. Indian Contract Act, 2004
3. Mercantile Law, Devar, ( Sultan Chand & Sons Ltd, 2004.
4. Mercantile Law, P.C.Tulsian, Tata Mc Graw Hill Publishing Co. 2007.
5. A textbook of Mercantile Law, P.P.S. Gogna ,S.Chand & Co. Ltd. New Delhi,
2008.

18
 SEMESTER 1V
PAPER 10

FUNDAMENTALS OF INSURANCE
(Hours of Instruction per week: 5)
Objective:
To enable the students to know the fundamentals of insurance
Unit I (20 Hours)
Insurance-Purpose and need, Importance, Principles, Functions, Benefits of Insurance,
Insurance Contract-Nature and types-Insurance as a social security tool-Insurance and
economic development.
Unit II (20 Hours)

Life Insurance-Feature and advantages of life assurance -

Type of Life Insurance Plans-Role of life Insurance Corporations of India and
private Insurers.
Unit III (20 Hours)
General Insurance-Principles of General Insurance, Types of General Insurance:
fire, marine, motor vehicle, health and miscellaneous insurance.
Unit IV (25 Hours)
Channels of Distribution- Insurance Intermediaries and their functioning: Insurance
Agents, Insurance Borkers, Surveyors and Loss Accessors, Third Party
Administrator, Corporate Agents and Bancassurance.
Unit V (15 Hours)
Policy Servicing-Insurance Documents, Nomination and Assignment, Alteration,
Revival, Policy Loan, Surrender value, Lost Policies. Claim Settlement in life
insurance- Death Claims, Maturity Claims. Reinsurance-Characteristics, Types of
reinsurance-Differences between reinsurance and double insurance

19
TEXTBOOK:

Insurance, Fundamentals, Environment and Procedures, B.S.Bodla, M.C.Garg and

K.P.Singh, Deep and Deep Publications, New Delhi, 2008.

BOOKS FOR REFERANCE:

1.Principles and Practice of Insurance, Mishra M.N, S.Chand and Co, New Delhi 2008.

2. Insurance Regulatory Development Act, 1999.

3.Indian Insurance Industry Transition and Prospects, D.C.Srivastava, Shashank

Srivastava, New Century Publications, New Delhi, 2005.

4.Life Insurance, Gupta.OS, Frank Brothers, New Delhi, 2007.

5.Insurance Principles and practice, Vinayakam N, Radhaswamy and Vasudevan SV,

S, Chand and Co., New Delhi, 2008.

6.Life Insurance Corporations of India, Vols I, II &III, Mishra.MN, Raj Books, Jaipur
2007.

7. Elements of Banking and Insurance, Jyotsna Sethi and NishwanBhatia, -PHI Learning
Private Limited, New Delhi, 2008

20
 SEMESTER IV
PAPER 11

BUSINESS TAXATION
(Hours of instruction per week: 6)
Objectives:
To enable the students to learn the principles of Taxation and the different
commodity taxes.
Content:

UNIT I (20 Hours)

Federal Finance Principles of Federal Finance-Federal system under the Indian Constitution-
Union list - State list-Concurrent list - Source of revenue for union and states - Distribution of
revenue between union and states- Role of Finance Commission. Meaning of tax characteristic of
tax system Objectives of taxation Canons of taxation Requisites of good tax system Kinds of
taxes.

UNIT II (25 Hours)

Sales tax Meaning Need- Effects of sales tax on production And distribution Value addedtax-
meaning salient features Tamil Nadu Value Added ax Act 2006- Definitions Registration of
dealers-Computation of value added tax liability Input tax credit - Filing of returns- assessment
procedures.

UNIT III (25 Hours)

Central Sales Tax Act 1956 Meaning and scope - Salient features of CST- Definitions- Sale (or)
Purchase in the course of Inter state Trade, outside state and in the course of import and export-
Declared goods of special importance. Inter- State Sales- Registration of dealers- Declaration/
Certificate to be issued by dealer- Determination of turnover- Levy and collection.

UNIT IV (25 Hours)

Central Excise Duty-concept- Meaning- Sharing of central excise duty-important definitions-

Valuation of excisable goods- Registration of dealers and declaration of goods-computation and
payment-clearance of goods-CENVAT scheme-exemption to small scale industries- Records,
Audit and submission of return.

UNIT V (25 Hours)

Customs duty- concept-Types of costumes duty- Procedure for Import and Export of Goods -
Valuation Exemption - Clearance procedure Export promotion scheme- Drawback of duties-
Baggage Rules-Import and Export through carrier- Post parcels.

21
TEXT BOOK
1. Business Taxation - Dinkar Pagare, Sultan Chand and Sons, New
Delhi, 2008.

BOOKS FOR REFERENCE:

1. The Central Sales Tax Act, 1956.

2. Commentary on Tamil Nadu Central Sales Tax Act, 1956.
3. The Central Sales Tax Act (Act 74 of 1956) compiled by N.Srinivasan (The Little
Flower Co., Chennai), 2005
4. Indirect taxes Law& Practice-V.S.Datey-Taxman Publications (Pvt.) Ltd., New
Delhi, 2007.
5. Direct and Indirect Taxes, Dr. M.C. Mehrotra, Dr. S.P.Goyal, Sahitya Bhawan
Publications, New Delhi, 2007.

22
 SEMESTER 1V
PAPER 12

CORPORATE ACCOUNTING I

(Hours of Instruction per week: 6)

Objective:
To enable the students to learn the techniques of corporate account and to determine the
value of shares.
UNIT I (25 Hours)
Introduction: Company Meaning, features- kinds of companies-Preparation of
accounts as per companies Act provisions. Statutory books- Books of Accounts - Share
capital Issue of shares and debentures forfeiture and reissue of shares
underwriting of shares and debentures.
UNIT II (20Hours)
Redemption of preference shares and debentures-Acquisition of business-Profit prior
to incorporation.
UNIT III (25Hours)
Preparation of company final accounts- With reference to part II schedule VI of Indian
companies Act-Computation of managerial remuneration-disposal of Profit.
UNIT IV (20Hours)
Accounting regarding External Reconstruction - Amalgamation and Absorption.
UNIT V (30Hours)
Accounting regarding Alteration of share capital and Internal Reconstruction -
Procedure for reduction of Share capital-Buy back of shares.

TEXTBOOK
1.Advanced Accountancy, Jain & Narang, Kalyani publishers, New Delhi, 2008.

BOOK OF REFERENCE
1.Advanced Accountancy, R.L.Gupta, Sultan Chand & Sons, Delhi, 2006.
2. Advanced Accounting-S.P.Iyengar, Sultan Chand & Sons, Delhi, 2006.
3. Advanced Accounts, P.C.Tulsan, Tata McGraw Hill, Publishing Company ltd, New Delhi, 2007.
4. Advanced Accountancy, Arulanandham, K.S.Ramani, Himalaya Publishing House, New
Delhi2004.
5.Corporate Accounting S.N.Maheswari & K.Durai Pandian, Vikas PublishingHouse, Pvt.Ltd, New
Delhi, 2004.
6.Corporate Accounting, T.S.Reddy and A.Murthy Margham publication, Chennai-2008.

23
 SEMESTER V
PAPER 13
COMPUTERISED ACCOUNTING - TALLY
(Hours of Instruction per week: 4)

Objective:
To provide practical knowledge on computerized accounting through Tally
accounting software.

Contents

LIST OF PRACTICALS: (20 Hours)

1.Creation of new Company-Creating groups and ledger types

2 Creation of Accounting Voucher.
3. Entering transactions in Day Books.
4.Creation of Stock Groups and Categories.
5 Inventory Voucher Creation.
6.Accounting Voucher with Inventory details.
7. Creation of Inventory Masters.
7.Purchase and sale of stock items subject to VAT
8.Preparation of Tax Invoice.
9.Computation of VAT.
10.Voucher class for different VAT rate items.
11.Purchase and sale with new reference,against reference.
12. Displaying order position Re-order status Report
12 Setting and enforcing credit limit and display of outstandings.
13.Display of Profit and Loss Account, Balance Sheet, Inventory Reports and Stock Summary.

Minimum of 30 Exercises is expected out of the listed concepts.

24
 SEMESTER V

PAPER 14
AUDITING
(Hours of Instruction per week: 5)

Objective:

To enable the students to understand the rules relating to audit of accounts contents:
Contents:

UNIT I (15 Hours)

Auditing Origin Definition Objects and scope Qualities of an auditor
Classification of audit- Statutory audit-Private Audit-Government audit- Annual
audit Balance sheet Interim audit EDP audit Classes of audits according to the
organizational structure of the business- Basic concepts of information systems
audit -Advantages and limitations.

UNIT II (20 Hours)

Preparation and procedure of audit - Scope of work to be determined Knowledge
about Clients business Division of audit work Audit programme Audit files
Audit note book Working papers - Routine checking - Test checking -Internal
control Characteristics, basic principles Internal control and auditor - Internal
check. Definition, objects, internal check and internal audit, fundamental
principles - Advantages Internal check as regards to Cash , Purchases, sales and
wages.

UNIT III (20 Hours)

Vouching - Meaning Definition Objects Importance-Vouching of cash book,
purchases book Sales book Bills receivable book, bills payable book - Journal
proper, out standing assets and liabilities-Verification of assets and liabilities,
verification and valuation, Meaning Objects - Verification of different types of assets
Stock Verification of liabilities Auditors duty regarding verification and
valuation.

UNIT IV (25 Hours)

Share capital and share transfer audit Share capital Application, allotment, calls-
share transfer audit-Auditor duty- Reserves - Classification of reserves Reserve fund
Secret reserves - Sinking fund Provisions Auditors duty.

UNIT V (20 Hours)

Law relating to auditors - Appointment of an auditor Rights of an auditor Duties of
an auditor Liabilities of an auditor Civil liability and Criminal liability Liability
of an auditor to third parties-Auditors report-Importance of Auditors report for share
holders Contents of auditors reports Kinds of reports Reporting aspects relating to
Accounting standards issued by the Institute of chartered Accountants of India -
Standard Auditing Principles (SAP).

25
TEXT BOOK:

1. Practical Auditing B.N. Tandon, S.Chand & Co., New Delhi, 2008.

BOOKS FOR REFERENCE:

1. Auditing , Dr. T.R.Sharma, Sahitya Bhawan, New Delhi, 2007.

2. Auditing, Dingar pagare, S.Chand & Co., New Delhi, 2007.

3. Principles of Auditing ,Saxana, Himalaya publishing house, New Delhi, 2007.

4. Fundamentals of Practical Auditing ,Ravendarkumar and Verendar Sharma, 2007.

5. Auditing theory and Practice , Pradeepkumar, Beldev, Sachdeva, 2006.

26
 SEMESTER V
PAPER 15

INCOME TAX LAW AND PRACTICE

(Hours of instruction per week :6)

Objective:
To enable the students to understand the basic concepts and computation of income
under the Indian Income Tax Act.

UNIT I (20 Hours)

An overview of Income Tax Act 1961and Income Tax Rules 1962 basic concepts
Income- Assessee - Assessment year - Previous year - Person - Residential status of
assessee - Scope of total income-Exempted income

UNIT II (30 Hours)

Heads of income - Salary - Gross Salary - Meaning -Profit in lieu of

Salary - perquisites, deductions allowed - Computation of salary
income. Income from house property-Definition - Self occupied house -
Income from let out property - Deductions - Expenses disallowed.

UNIT III (30 Hours)

Profits & 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 - Deduction Determination of consideration Exemption -
Computation of capital gains.

UNIT IV (20 Hours)

Income from other sources - Items chargeable - Deductions, exemptions-Income of

other person's included in assessees total income- Aggregation of income.

UNIT V (20 Hours)

Set off and carry forward of losses Deductions from gross total income- Rebate on
income tax under Sec.88-Procedure for Assessment Return of income and Filing
of return Permanent Account Number -Types of Assessment

27
TEXTBOOK:

Income Tax Law and Practice - Gaur and Narang, Kalyani Publishers, New Delhi, 2009.

BOOKS FOR REFERENCE:

1.Income Tax Law and Practice - Dinkar Pagare, Sultan Chand & Sons, New Delhi, 2009.
2. Direct Taxes Law & Practice - Vinod Singhania, Taxmanns Publications, New Delhi, 2009.
3. Income Tax Law & Practice, Dr.H.C.Mehrotra, sahitya Bhavan, Agra, 2007.

28
 SEMESTER V
PAPER 16
FINANCIAL MANAGEMENT
(Hours of instructions per week : 5)

Objective:
To enable the students to understand the functions and techniques of Financial
Management.

Contents:

UNIT I (10 Hours)

Nature and scope of Financial Management Objectives, importance-
Relationship of Finance with other business functions Financial Decision
Functions of Finance Manager- Organization of finance function- Role of
financial controller Financial planning objectives of Financial planning
Steps in Financial planning.

UNIT II (25 Hours)

Capital - Forms of capital sources Capitalisation under and over capitalization,
Capital Structure Importance-Factors- 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 (25 Hours)

Capital budgeting Importance Methods Pay back methods
Average rate of return, Discounted cash flow techniques NPV-IRR
methods-Comparison of different methods- Management of working
of capital Concept-Need Kinds of working capital Determinants
of working capital Forecasting of working capital requirements-
Sources of working capital.

UNIT IV (20 Hours)

Management of cash - Motives for holding cash objectives factors determining
cash needs - Basic strategies- Management of Inventories Purpose of holding
inventory- Risk and cost Techniques of inventory Management.

UNIT V (20 Hours)

Management of Receivables Meaning Cost of maintaining receivables -
Forecasting of receivables -Dividend Policy Dividend decision and valuation of
firm Dividend theories Types of dividend policy Dividend policy in practice
Bonus Issue and Rights Issue.

29
TEXT BOOK:
1.Financial Management,R.K Sharma,.and Shashi K. Gupta, Sultan Chand & Sons,
New Delhi 2008.

BOOKS FOR REFERENCE:

1. Financial Management, I.M. Pandy ,Vikas Publishing House, New Delhi, 2006.
2. Financial Management, James C. Vanhorn, Prentice International, New Delhi, 2006.
3. Financial Management, M.Y. Khan and P.K. Jain, Tata Mc Graw , Hill of India (P)
Ltd., New Delhi, 2006.
4. Financial Management, S.N.Maheswari , Sultan Chand New Delhi,2007.
5. Financial Management and Policy, Bhalla , Anmol Publishers ,New Delhi 2006.

30
 SEMESTER V
PAPER 17
MANAGEMENT ACCOUNTING
(Hours of instruction per week: 6)

Objective:
To help the students to understand the application of accounting techniques for
management

Contents:

UNIT I (20 Hours)

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 (25 Hours)

Financial statement: Meaning Nature Uses and limitations of financial statements-
Meaning and concept of financial analysis Types of financial statement analysis-
Preparation of comparison and common size statement Ratio analysis
Classification of ratios-Analysis for Liquidity, Profitability, Solvency and Activity
Advantages of ratio analysis Limitations of accounting ratios.

UNIT III (25 Hours)

Fund flow statement Forecasting of funds requirement -Fund flow analysis -Cash
flow analysis- Cash flow statement.

UNIT IV (25 Hours)

Marginal costing Meaning-importance-Marginal costing and Absorption costing-
Marginal costing and Differential costing- Contribution-Cost Volume Profit
Analysis- Break even analysis-Managerial applications of Marginal costing -
Standard costing and variance analysis-Meaning of Standard cost and standard
costing-Advantages and Limitations Variance analysis Material; labour and
overhead variances, Sales Variance- Causes of Variance (Simple variances only).

UNIT V (25 Hours)

Budget and budgetary control - Meaning and Objectives Types of budgets-Fixed
and flexible budgeting; Zero-Based budgeting; performance budgeting Control
ratios Responsibility accounting.

31
TEXTBOOK:

1. Management Accounting, R.K Sharma, and Shashi K. Gupta, Sultan Chand & Sons,
New Delhi, 2008.

BOOKS FOR REFERENCE:

1. Management Accounting, S.B.Chowdhary, Kalyani Publishers, New Delhi, 2005.

1. Management Accounting, Jawant Singh and Ralkej Paul, Kitab Mahal, 2002.
2. Management Accounting, S. Kr. Paul, New Central Book Agency, New Delhi, 2004
3. Accounting for Management, S.K. Bhattacharya and John Bearden , Vikas Publishing
House Ltd., New Delhi, 2003.
4. Management Accounting, S.N Maheswari- Sultan Chand, New Delhi, 2007.
5. Management Accounting, R.S.N. Pillai, V. Bagavathi S, Chand & Co., Ltd., New
Delhi, 2008.

32
 SEMESTER VI
PAPER 18
ENTREPRENEURIAL DEVELOPMENT
(Hours of instruction per week: 6)

Objectives
To provide an exposure to the students to the entrepreneurial culture and industrial
growth.

UNIT I (20 Hours)

Entrepreneur and Entrepreneurship Concept- Characteristic, Functions and types
of entrepreneur. Growth of entrepreneurship in India Entrepreneurial culture and
structure- Entrepreneurial traits Entrepreneurial motivation- Women
Entrepreneurship Problems Establishing Entrepreneurial system.

UNIT II (25 Hours)

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 guideline for formulating a project report.

UNIT III (25 Hours)

Project design and appraisal Concept of project appraisal and methods of project
appraisal Methods of minimizing risks; overrun analysis Plant location and
layout Marketing opportunities

UNIT IV (25 Hours)

Steps for staring 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 Venture capital .

UNIT V(25 Hours)

Institutional finance to Entrepreneurs Commercial banks Other financial
institutions Intuitional support to entrepreneurs Need- Role of various
institution- Taxational Benefits to small-scale industry Government policy for
small and medium scale enterprises- Growth Strategies in small business

33
TEXTBOOK:

1. Entrepreneurial development C.B Gupta and M.P Srinivasan, Sultan chand

Publications New Delhi 2007.

BOOKS FOR REFERENCE:

1. Entrepreneurial Development S.S. Khanka S.Chand & Co., Ltd, New
Delhi, 2006.
2. Dynamics of Entrepreneurial Development and Management Vasant Dasai
Himalaya Publishing House, Bombay, 2006.
3. Entrepreneurship of Small Scale Industries, Deshpande, M.V. Deepand Deep
Publication, Allahabad, 2004.
4. Project preparation, Appraisal,Implementation: Prasanna Chandra; Tata
MCGraw Hill,New Delhi,2004.
5. A Practical guide to Industrial Entrepreneurs: S.B Srivastava ; Sultan Chand
and Sons, New Delhi,2005.

34
 SEMESTER VI
PAPER 19
INDIAN FINANCIAL SYSTEM
(Hours of instruction per week: 6)

Objective:
To enable the students to understand the structure, organization and working of
financial system in India.

Contents:

UNIT I (10 Hours)

Financial system Meaning Significance and components compositions of
Indian financial system-Its Current Status - Role of developmental banks in India

UNIT II (25 Hours)

Financial Markets- Meaning and functions-Types-Money market Call money market
composition and structure Commercial bill market-Treasury bill market
Commercial paper Certificate of deposit Status and recent trends in Indian money
market

UNIT III (30 Hours)

Capital markets Primary and secondary markets New issues markets Functions
Methods of issues Role of Intermediaries- Stock Exchange Functions and role
of stock exchange Listing procedure, obligations and agreement. Kinds of
Brokers and their functions- Methods of trading in Stock Exchange-On line trading-
Kinds of Speculators-Status of Indian Capital Market.

UNIT IV (30 Hours)

Securities Exchange Board of India - Role of SEBI Objectives- Functions-
Powers-SEBI guidelines for Primary and Secondary Markets- Main provisions of
Securities Contract and Regulations Act. Bombay Stock Exchange and National
Stock Exchange and Over the counter exchanges.

UNIT V (25 Hours)

Financial services Meaning Features Types Merchant Banking- Credit Rating
Factoring Venture Capital Depositories Mutual Funds.

TEXTBOOK

1. Financial Markets And Services, E.Gordon, .K.Natarajan,Himalaya Publishing

House, Mumbai, 2008.

35
BOOKS FOR REFERENCE:

1. Financial Institutions and markets - L.M. Bhole, Tata McGraw Hill Publishing Co. Ltd.,
New Delhi 2008.
2. Financial Markets - Ronal Robinson and Weighman, Macmillan Publishing Company,
New York, 2006
3. Indian Financial Systems P.N .Varshney,D.K. Mittal, Sultan And Sons,2008.

4. Indian Financial Systems Bharathi.V.Pathak, Pearson Education, New Delhi, 2009.

36
 SEMESTER VI
PAPER 20
COMPANY LAW
(Hours of Instruction per week: 6)

Objective:

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

Contents:

UNIT I (30 Hours)

Company - Definition - Kinds of companies -Features, Privileges of private companies -
Conversion of private companies into public companies - Company law in India -
Incorporation of a company - Procedure for incorporation - Certificate of incorporation
Promoter Preliminary or pre Incorporation contracts Commencement of business
Memorandum of association Article of association Prospectus Commencement
of business Doctrine of Indoor management.

UNIT II (20 Hours)

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 (25 Hours)

Members Shareholders Register and index of member, rights and duties Meeting
and resolutions-Kinds of meeting Statutory meeting Annual General meeting Extra
ordinary meeting Meetings of Directors kinds of resolution Minutes- Powers of
NCLT

UNIT IV (25 Hours)

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 (20 Hours)

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.

37
TEXT BOOK:

1. Company Law - N.D. Kapoor - Sultan Chand & Sons, 2008.

BOOKS FOR REFERENCE:

1. Company Law, Avtar Singh, Eastern Publications, Lucknow, 2006.

2. Lectures on Company Law, Shah, 2002.
3. Company Law and Secretarial Practice - Reddy Appannaiah , Himalaya
Publishing House, 2006.

4. Elements of Mercantile Law, N.D.Kapoor, Sultan Chand & Sons, 2008.

5. Company law, P.P.S.Gogna. S.Chand & Co. Ltd. New Delhi, 2008.
6. Company Law and Secretarial Practice, N.D. Kapoor, Sultan Chand & Sons, 2006.

38
 SEMESTER VI
PAPER 21
CORPORATE ACCOUNTING II
(Hours of Instruction per week: 6)

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

Contents:

UNIT I (25 Hours)

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 (25 Hours)

Accounts of Insurance companies- Types of insurance- Accounts of life insurance
business- Preparation of revenue A/C 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 (25 Hours)

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 (20 Hours)

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 (25 Hours)

Accounts of government companies and statutory corporations- preparation and
presentation of final accounts- Audit of government companies- Accounting
standards- definition- Indian and international accounting standards- Disclosure of
accounting standards 1 to 25- objectives- definition- accounting treatment (theory
only)

39
TEXT BOOK

1. Advanced accountancy- Jain and Narang,Kalyani Publishers,Ludhiana, New Delhi.,

2008.

BOOKS FOR REFERENCE:

1. Advanced Accountancy- R. L.Gupta (Sultan chand and Sons), 23, Dharyaganj, New
Delhi, 2008.
2. Advanced Accountancy, Hishikesh Chakrabarthy, Navabharat Publishers, 72, 2006.
3. Advanced accountancy, S.P. Iyengar , Sultan Chand and Sons Ltd., New Delhi, 2006.
4. Advanced Accounts, M.C. Shukla , T.S. Grewal , S.Chand & Co, Ltd, 2006.
5. Advanced Accountancy, P.C. Tulsian, Tata Mc. GreHill Publishing Company Ltd, New
Delhi, 2007.
6. Advanced Accountancy, Arulanandham, K.R.Ramani, Himalaya Publishing House,
New Delhi, 2006.

40
 SEMESTER VI
PAPER 22
E-Commerce
(Hours of Instructions per week: 6)
Objective:
To understand the methodology for online business dealings using E-Commerce
infrastructure and be familiar with mechanism for conducting business transactions
through electronic means.
Contents:

UNIT 1 (20 Hours)

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 Corporates. 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-Positive aspects for
corporate sector.

UNIT II (25 Hours)

E-Marketing: Meaning and Definition- Traditional Marketing Vs. E- Marketing
Online Marketing- E- Advertising- Internet Marketing Trends- E-Branding- E-
Supply Chain Management.

UNIT III (25 Hours)

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.

UNIT IV (25 Hours)

E- Trading: SEBI- Guidelines- Procedure for Online Trading. Speculations- Kinds
of Speculators Speculative Transactions-Exchange Trading: New Issue Market
and Stock Exchange- its relationship Services or Functions of Stock Exchange-
Mechanics of floating New Issues. E- Banking: Meaning- Traditional Banking Vs.
E- Banking Facets of E-Banking.

UNIT V (25 Hours)

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.

41
TEXT BOOK:

1. E- Commerce, A Managerial Perspective, P.T. Joseph,Prentice, Hall of India,

New Delhi, 2005.

BOOKS FOR REFERENCE:

1. Daniel Amor, E Business R (Evolution), Pearson Edude, New Delhi, 2005.

2. E-Commerce Management, Krishnamurthy, Vikas Publishing House, New Delhi,
2005.
3. E- Commerce: Stratergy, Technologies and Applications, David Whiteley, Tata Mc
Graw Hill, New Delhi, 2005.

42