Syllabus
Syllabus
M.COM PRIVATE COLLEGES List of Courses: PART-I: Paper-I Paper-II Paper-III Paper-IV Paper-V Paper-VI Paper-VII Paper-VIII M.COM.PART-II: Paper-I Paper-II Paper-III Paper-IV Paper-V Paper-VI Paper-VII SPECIALIZATION. I) ACCOUNTING: a. Cost Accounting for Selected Industries. b. Governmental Accounting. c. Advanced Accounting & Financial Reporting. d. Advanced Auditing Problems. II) FINANCE: a. Investing Analysis & Portfolio Management. b. Specialized Financial Institutions. c. Corporate Finance. d. International Finance. 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks Operations & Production Management Industrial and Management Accounting. Company Law E-Commerce & Internet+ Web Page Designing Principles of Marketing and Research Methods in Business. Specialization. Specialization. 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks Management Principle and Human Resources Quantitative Techniques in Business. Financial management and Analysis of Financial Statement Business Communication Economics Analysis & Managerial Economics Accounting for Decision Making. Introduction to Computing & Application in Business Islamic Principles of State Finance. 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks 100 Marks
Management, nature of management, the development of management. Thoughts the environment for management planning and decision making, quantitative techniques in planning and decision making organizational design and job design staffing the organization managing organizational development and change. Leading and motivation leadership, motivation group dynamic international and organizational communication controlling the central function management information system (MIS) Operations management and productivity organizational and entrepreneurial career option. Social Responsibility and Management Ethics, International and comparative management, cases and problem for decision in management. Basic Concepts, Functions of Personnel Management, Organizations, Structure of Personnel management, Selection job Specifications, Manpower requirements, selection procedure, Interviewing, Counseling Tests and Merit rating, Training, Employee Placement, Employee Development including Promotion, Transfer and Retirement, Wage System, Labour Unions and Collective Bargaining with Particular Reference to Pakistan. Interaction human resource management practices, female harassment, equal employment opportunities, down sizing/right sizing. RECOMMENDED BOOKS (Latest Editions) 1. Moontz & Warrick. Management, McGraw Hill Co. New York. 2. Boone and Kurtz. Management, McGraw Hill Co. New York. 3. Pearce & Robinson, Management, McGraw Hill Co. New York. 4. Gellerman, cases and Problems for decision in Management, McGraw Hill Co. New York. 5. Geogre Terry, Principles of Management. 6. Stoner, Management, McGraw Hill Co. New York. 7. Beech, Dole, Personnel. The Management, McGraw Hill Co. New York. 8. Flippo, Principles of Personal Management, McGraw Hill Co. New York. 9. Paul & Meyers, Personal Management, McGraw Hill Co. New York. 10. Bernardim, Human Resources Management, McGraw Hill Co. New York. 11. Management by Stephen p. Robbin. 12. Management by Griffen PAPER- II: QUANTITATIVE TECHNIQUES IN BUSINESS 100 MARKS a) Statistics: (Descriptive and inferential)Information, handing Techniques Averages, Dispersions, Moments sequences and kurtosis index numbers regression co- relation Time Series Analysis, probability and probability distributions (Binomial , passion & Normal )Sampling and sampling Distributions, Chi-square, Estimation and Testing of Hypotheses, Non- parametric Statistical Tests. b) Mathematics: Basic Algebra, solution of Linear Equations, Determinants and Matrices, fundamental of differential and integral Calculus. Maxima and Minima. RECOMMNDED BOOKS (Latest Editions) 1) Stockton Clark, introduction to Business and Economic Statistics South Western publishing Co Ohio, USA. 2) Benjamin and Charles Modern Business Statistics pitman publishing London. 3) Weldon Business statistics and statistical methods MacDonald & Evans Ltd London. 4) Chuddar & kamala introduction to statistical Theory (part I & II) Hemi kitbag khana Lahore 5) Loyee Business Mathematics south western publishing Co Ohio USA. 6) Stafford Business Mathematics pitman publishing Ltd London. 7) Handout given in the class by the class by the class Teacher.
Introduction to financial management, goals and functions of Finance, Operating environment of firm. Financial Statement and cash flow. Finance planning, Time Value of money. Risk and Return valuation of Securities. Long term Investment decision. Capital budgeting techniques. Cost of capital, Leverage and capital structure. The Management of working-capital cash and marketable securities. Accounts Receivable and inventory. Sources of long-tern financing, Long tern debt and investment banking. Ladybird securities. Common stock, preferred stock, and stock purchase Warrants. B. ANALYSIS OF FINANCIAL STATEMENT. (40)
Purpose and importance of Financial Analysis, Common Size Statements, Internal Liquidity Rations, Operating Efficiency Ration, Operating profitability Ratios , Business Risk, Financial Risk, Balance Sheet Ratios, Earning Flow Ratios, Importance of Growth potential, Comparative Analysis of Ratios, Specific Uses of Financial Ratios, Stock Valuation Models, Estimating Systematic Risk, Estimating the Credit Ratings of Bonds, predicting Insolvency, Limitations of Financial Ratios. RECOMMENDED BOOKS (Latest Editions) 1) Principles of Managerial Finance by Lawrence J. Gilman. 2) Financial Management-Policy by James, c Van Home. Latest edition. 3) Financial statements from analysis and interpretation by Ralph Date Kennedy and Stewart Harwood Mc Mullen, Latest Edition. PAPER IV: BUSINESS COMMUNICATION 100 Marks
a) Business and Commerce English: Basics and English Fundamentals for the Intensive Study in the context of a business and Commerce Environment. The Following topics will be covered: - part of speech components of sentence, Dictionary use, communicative activities, (focused in listening and speaking skill), Vocabulary. Building (Greek and Latin roots orthography), Writing (inductive and deductive outlining, Description, Classification, Resume, Job application etc.) Reading. (Skimming, Inference, Speed reading, Reading for the main idea etc). b) Business Communications: Communication Foundations, International business Communication, Using words effectively, Using the techniques of style, organization and dictating messages, writing about the routine and the pleasant, writing about the unpleasant, writing to persuade. Writing about employment, speeches, oral reports and group communication Report process and research methods, preparing Memorandums, Planning and organizing, formal reports, preparing short reports, preparing formal reports. RECOMMENDED BOOKS (Latest Editions) 1) Betty; Business Communication System and application, John Wiley. 2) Delaware & Fig gins; Principles of Business Communication: comprehension Approach; John Wiley. 3) Forman, Business Communication & Technical Writing McGraw Hill Co, New York. 4) Murphy; Effective Business Communication, McGraw Hill Co, New York. 5) Moyer; Business English Basics. 6) Handout given in the class by the class teacher.
The course is divided in to two major areas and the topics in each area are as follows. MICRO ECONOMICS. Economics Definition and basic concepts. Micro VS Macro Economics. Demand and Supply basic definitions. Censurer behavior (utility and indifference curve approaches). Demand Analysis. Producer Behavior and Cost Theory, supply analysis, Market Structure and equilibrium under perfect competition, monopolistic competition, monopoly and oligopoly. MACROECONOMICS National income-Meaning and Measurement, inflation, deflation and stagflation Devaluation, Balance of payment and Business Cyclic, determination of rate of interest. MANAGERIAL ECONOMICS Introduction, Definition and Scope Demand Concepts for Decision Making, Demand Estimation Forecasting. Cost concepts for Decision Cost Estimation and Forecast ion Basic pricing Theory, pricing Decision for established and new products, Competitive bids. RECOMMENDED BOOKS (Latest Editions) 1. Micro Economics theory by Ferguson and Gauid. 2. Micro Economics by A. Koutsoyiannis. 3. Economics by Stonier and Hague. 4. Economics by Semicolon. 5. Basic Economics by Dial. 6. Economics by Mc Benzie. 7. Micro Economics by Mc Connell and Brule. 8. Economics An introduction to Analysis and Policy by G.I.Bach. 9. Pete5sen H.Craig & Lewis W.Cds, Managerial Economics Macmillan Publishing Company, New York. 10. Douglas, Evan J. Managerial Economics Theory, Practice and problems, prentce Hall Ine, New Yark. PAPER VI: a) ACCOUNTING FOR DECISION MAKING. 100 Marks
Objective: The purpose of the subject is i) To provide understanding of accounting principles and its application. ii) To build skills in resolving accounting issues with potential alternative solutions. b) Outlines: Accounting information system, Financial reporting. Accounting cycle including adjustments and work sheet; Special Journals for repetitive transaction, Accounting for purchase and sales of merchandising activities. Use of accounting records and use of accounting software for decision making. Errors and their corrections; the control of cash transaction, Accounting for Receivables and payables: Accounting for fixed assets, Natural resources and intangibles. Generally accepted accounting principles and concepts, Companies formation, Accounting for corporation. Retained carning, different reserves, divided. Accounting for long-term liabilities, accounting for lease and grants. Effects of different capital structure on EPS. RECOMMENDED BOOKS (Latest Editions) 1. Financial Accounting by Meigs, Willians, Haka Bettner. 2. Accounting principles, by Larson. 3. Intermediate Accounting by Simons & Kerronbrocd. 4. Intermediate Accounting by Dyckman, Davis & Dukis. 5. Handout given in the class by the class Teacher.
Introduction, History of Computing, Evolution of Computing, computer systems, the world wide web, Building a personal computer, Micro processor, Binary Logic. Computer Software, Operating System, Application of Software, Word processing, Algorithms-1, Algorithms-2, Programming Languages, Software development methodologies, Spread Sheets, Computer Networks, and Introduction to the Internet 1. 2. 3. Introduction to Computer by peter Nurten. Computer fundamentals by P.K. Sinha. Petter Using application software Mc Graw Hill Co, New Yark.
PAPER-VIII
100 Marks
Introduction of Shariah and Fiqha. General principles of religious revenues Zakat on produce of earth (Usher), Khumas Jhanimah, Collection & the discharge of Zakat, Revenues Distribution/Expenditure of Secular and Sadaqah Revenue. Islamic code of ethics for advertising and marketing comparison among Islamic and other economic systems (Capitalism, Socialism, communism. Application of Mudaraba, Murabahah , Mushrarikah and Ijarah in project Financing working Capital Financing, House Financing & Leasing, Options (Khiyar) and its kinds, Islamic code of ethics for traders, Factor of production in Islamic Economy. Theory of price determination in Islamic, Impact of Zakat on consumption saving, investment and economic development. RECOMMENDED BOOKS (Latest Edition) 1. 2. 3. 4. 5. 6. Aghnides, N.P. Mohommadan Theorics of finance. The Premier Book House, Katchery Road Lahore. Siddiqui Mohammad Nejatullah Banking without interest, London, The Islamic Foundation. Munawar Iqbal A Survey of issues and Programme for Research in Monetary and Fiscal Economics of lslam. Jeddah, International Centre for Research in Islamic Economics. Khurshid Ahmad, Studies in Islamic Economics, Jeddah International Centre for Research in Islamic Economics. Islamic Trade & Finance By Mian Muhammad Akarm. Handout given in the class by the class Teacher.
Strategic Choices. Operation Management as a competitive weapon, operation strategy, decision making, process management, total quality management, statistical process control, acceptance sampling, ISO 9000. Design Decisions, Work-force management; learning course, capacity, waiting line model, simulation, facility location, transportation method; facility layout. Operations Decisions, Forecasting, material management; independent demand inventory systems, special inventory models, aggregate planning; linear programming, Material requirement planning, must-in time systems, short term scheduling, managing complex projects.
RECOMMENDED BOOKS (Latest Editions) 1. Operation Management, strategy and analysis by Lee I Krujewski and Larry P. Ritzman. 2. Operation Management by Render. 3. Production Management by Chase. 4. Operations & Production Management by Buffa. 5. Operation Management by Fogarty. PAPER-II: INDUSTRIAL AND MANAGEMENT ACCOUNTING 100 Marks
Management Accounting A Perspective, Cost terms, concepts and classification. System design- job order costing and process costing. Cost behavior. Analysis and use. Cost Volume, profit relationships Segmental reporting and the contribution approach to costing, profit planning preparation of various budgets. Control through standard costs. Flexible Budgets and overhead Analysis Control of decentralized operations. Pricing of products and services. Relevant costs and decision-making Service Department cost allocations. Differential costing activity base costing balance score card. RECOMMENDED BOOKS (Latest Editions) 1. Managerial Accounting by Ray H. Garrison. 2. Cost and Managerial Accounting by Horngreen. 3. Cost Accounting by Matz, A Usry. M.F. _ South Western Publishing Co. 4. Cost Accounting by Blocker & Weltner. PAPER III: COMPANY LAW 100 Marks
The company Ordinance 1984, Incorporation and Flotation of a company Memorandum of Association, Articles of Association, Prospectus, Capital, Shares, Underwriting and Commissions, formation of Non-Banking Finance Companies, Venture Capital, Credit rating Company, Modarba. Company, Directors, Appointment and Remuneration, Disclosure by Directors, Powers and duties, Removal and Retirement of Director, Secretarys Duties and Responsibilities. Legal Position of the Secretary, Company and Directors Meetings and proceeding Notices, Quorum, Resolutions, Agents and Minutes, Winding up, Compulsory and Voluntary, powers and Duties of a Liquidator, Consequence of Winding up Corporate governance. RECOMMENDED BOOKS (Latest Editions) 1. The Companies Ordinance 1984. 2. Head, Four set and Wilson, A Manual of Secretarial practice, Macdonald and Evans, London. 3. Saeed K.A. Company Law and practice in Pakistan, Accountancy & Taxation Services Institute, Lahore. 4. Mudarba Ordinance, 1980. 5. Handout given in the class by the class Teacher.
Marketing Concept, Rule of marketing in Society, Marketing process Bayer behavior, organizing for Marketing Finance Consumer goods and industrial goods, Consumerism, Product, Grading and Packaging Brands and Trade marks, pricing policies, Channels of distribution, Storage and Transportation, Whole setting Marketing, Marketing Mistakes, Marketing Costs Strategies. Marketing planning forecasting audit and SWOT Analysis Market segmentation, targeting & position consumer behavior relationship marketing, marketing mix, distribution channels, logistics & value chain management, Price determination and price styategices, advertising sles promotion, personal selling, developing and implementing a marketing plan. Post modern marketing. Research and Management, in Business and commerce, Scientific Thinking, The Research process, Research Dsign classification of designs, research proposal, development of research polan, outline, Measurements, experimentation, Data collection Methods, Primary Data Sources, Use of Secondary Data, Observation, Questionnaire Designing, The Interview, Probability Sampling, the mail questionnaire, scaling techniques, Data Presentation and Analysis, Statistical Analysis by a Statistical Package(SPSS for Windows) and Repor Preparation.
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