B.

Com
(w.e.f. 2019–2020)

Syllabus (CBCS)

..

FACULTY OF COMMERCE, OSMANIA UNIVERSITY

HYDERABAD - 500 007 T.S.

2019

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 B.COM
CBCS COURSE STRUCTURE
w.e.f. 2019-‘20

Sl.No. Code Course Title HPW Credits Exam Hrs Marks

(1) (2) (3) (5) (6) (7) (8)
SEMESTER – I
1. ELS1 English (First Language) 4 4
2. SLS1 Second Language 4 4
3. AECC1 a)Environmental Science/
b)Basic Computer Skills 2 2
4. DSC101 Financial Accounting-I 5 5 3 hrs 80U+20I
5. DSC102 Business Organization and
Management 5 5 3 hrs 80U+20I
6. DSC103 Foreign Trade 5 5 3 hrs 80U+20I
Total 25 25
SEMESTER – II
7. ELS2 English (First Language) 4 4
8. SLS2 Second Language 4 4
9. AECC2 a)Basic Computer Skills/
b)Environmental Science 2 2
10. DSC201 Financial Accounting-II 5 5 3 hrs 80U+20I
11. DSC202 Business Laws 5 5 3 hrs 80U+20I
12. DSC203 Banking and Financial Services 5 5 3 hrs 80U+20I
Total 25 25
SEMESTER – III
13. ELS3 English (First Language) 3 3
14. SLS3 Second Language 3 3
15. SEC1 a)Principles of Insurance/
b)Foundation of Digital Marketing/
c)Fundamentals of Business Analytics 2 2 1 ½ hrs 40U+10I
16. SEC2 a)Practice of Life Insurance/
b)Web Design & Analytics/
c)Application of Business Analytics 2 2 1 ½ hrs 40U+10I
17. DSC301 Advanced Accounting 5 5 3 hrs 80U+20I
18. DSC302 Business Statistics-I 5 5 3 hrs 80U+20I
19. DSC303 Financial Institutions and Markets 5 5 3 hrs 80U+20I
Total 25 25
SEMESTER – IV
20. ELS4 English (First Language) 3 3
21. SLS4 Second Language 3 3
22. SEC3 a)Practice of General Insurance/
b)Social Media Marketing
c)Business Intelligence 2 2 1 ½ hrs 40U+10I
23. SEC4 a)Regulation of Insurance Business/
b)Search Engine Optimization &
Online Advertising
c)Data Visualisation&Storytelling 2 2 1 ½ hrs 40U+10I
24. DSC401 Income Tax/Excel Foundation 5 5 3 hrs 80U+20I
25. DSC402 Business Statistics-II 5 5 3 hrs 80U+20I
26. DSC403 Corporate Accounting 2 5 5 3 hrs 80U+20I
 Total 25 25
SEMESTER – V
27. ELS5 English (First Language) 3 3
28. SLS5 Second Language 3 3
29. GE Business Economics 4 4 3 hrs 80U+20I
30. DSE501 a) Cost Accounting/
b) Financial Planning & Performance/
c) Financial Reporting-I 5 5 3 hrs 80U+20I
31. DSE502 a) Computerized Accounting/ 50T+35P
b) Financial Decision Making-I/ 3T+4P/5 + 15I/
c) International Tax& Regulation 5 3 hrs 80U+20I
32. DSE503 a) Auditing/
b) AdvancedCorporate Accounting/
c) Financial Management 5 5 3 hrs 80U+20I
Total 27/25 25 80U+20I
SEMESTER – VI
33. ELS6 English (First Language) 3 3
34. SLS6 Second Language 3 3
35. PR Research Methodology and Project 40U+10I
Report 2T+4R 4 1 ½ hrs 35R+15VV
36. DSE601 a) Cost Control and Management
Accounting/
b) Financial control/
c) Financial Reporting-II 5 5 3 hrs 80U+20I
37. DSE602 a) Theory and Practice of GST/ 50T+35P
b) Financial Decision Making-II / 3T+4P/5 + 15I/
c) InternationalAuditing 5 3 hrs 80U+20I
38. DSE603 a) Accounting Standards/
b) Corporate Governance/
c) Investment management 5 5 3 hrs 80U+20I
Total 29/27 25
GRAND TOTAL 156/152 150
ELS: English Language Skill; SLS: Second Language Skill; AEC: Ability Enhancement Compulsory Course; SEC:
Skill Enhancement Course; DSC: Discipline Specific Course; DSE: Discipline Specific Elective; GE: Generic Elective;
T: Theory; P: Practical; I: Internal Exam U: University Exam: PR: Project Report; VV: Viva-Voce Examination.
Note: If a student should opt for “a” in SEC in III semester, the student has to opt for “a” only in IV
semester and sSo is the case with “b” and “c”. In the case of DSE also the rule applies.
SUMMARY OF CREDITS
Sl. No. Course Category No. of Courses Credits Per Course Credits
1 English Language 6 4/3 20
2 Modern Language 6 4/3 20
3 AEC 2 2 4
4 SEC 4 2 8
5 GE 1 4 4
6 Project Report 1 4 4
7 DSC 12 5 60
8 DSE 6 5 30
TOTAL 38 150
Commerce 24 106
NSS/NCC/Sports/Extr Up to 6 (2 in each year)
CREDITS UNDER NON-CGPA a Curricular
Summer Internship Up to 4 (2 in each after I & II years)

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 Paper DSC 101: FINANCIAL ACCOUNTING - I

Objective: to acquire conceptual knowledge of basics of accounting and preparation of

finalaccounts of sole trader.

UNIT-I: ACCOUNTING PROCESS:

Financial Accounting: Introduction – Definition – Evolution – Functions-Advantages and
Limitations –Users of Accounting Information- Branches of Accounting – Accounting
Principles: Concepts and Conventions- Accounting Standards– Meaning – Importance –Types of
Accounts – Accounting Cycle – Journal-Ledger and Trial Balance (Including problems).
UNIT-II: SUBSIDIARY BOOKS:
Meaning –Types - Purchases Book - Purchases Returns Book - Sales Book - Sales Returns Book
- Bills Receivable Book - Bills Payable Book – Cash Book: Single Column, Two Column, Three
Column and Petty Cash Book - Journal Proper(Including problems).

UNIT-III: BANK RECONCILIATION STATEMENT:

Meaning – Need - Reasons for differences between cash book and pass book balances –
Favourable and over draft balances – Ascertainment of correct cash book balance (Amended
Cash Book) - Preparation of Bank Reconciliation Statement (Including problems).
UNIT-IV: RECTIFICATION OF ERRORS:
Capital and Revenue Expenditure – Capital and Revenue Receipts: Meaning and Differences -
Differed Revenue Expenditure - Errors and their Rectification: Types of Errors - Suspense
Account – Effect of Errors on Profit (Including problems).

UNIT-V: FINAL ACCOUNTS:

Final Accounts of Sole Trader: Meaning -Uses -Preparation of Manufacturing, Trading and
Profit & Loss Account and Balance Sheet – Adjustments – Closing Entries(Including problems).

SUGGESTED READINGS:
1. Introduction to Accountancy: T.S.Grewal, S.Chand and Co.
2. Financial Accounting-I: S.N.Maheshwari&V.L.Maheswari, Vikas.
3. Accountancy-I: Haneef and Mukherjee, Tata McGraw Hill Company.
4. Principles & Practice of Accounting: R.L.Gupta&V.K.Gupta, Sultan Chand.
5. Accountancy-I: S.P. Jain & K.L Narang, Kalyani Publishers.
6. Financial Accounting-I: Dr. Yogeshweran, PBP
7. Financial Accounting-I:Srihari Krishna Rao, Himalaya Publishing House
8. Financial Accounting: B.Vishwanadham, S.Chand.
9. Accountancy–I: Tulasian, Tata McGraw Hill Co.
10. Financial Accounting:N.Padmalatha,L.V Kamala Devi,RachanaSharma,PBP
11. Advanced Accountancy-I: S.N.Maheshwari&V.L.Maheswari, Vikas.
12. Fundamentals of Financial Accounting: Deepak Sehgil, Tax Mann Publication.
13. Financial Accounting: JawaharLal, Himalaya Publishing House.
14. Financial Accounting-I: PrasanthaAthma, Himalaya Publishing House.

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 Paper DSC 102: BUSINESS ORGANISATION AND MANAGEMENT
Objective: To acquaint the students with the basics of Commerce and Business concepts andfunctions,
forms of Business Organization and functions of Management.

UNIT-I: INTRODUCTION AND FORMS OF BUSINESS ORGANISATIONS:

Concepts of Business, Trade, Industry and Commerce - Objectives and functions of Business –
SocialResponsibility of a business - Forms of Business Organization - Meaning, Characteristics,
Advantages and Disadvantages of Sole Proprietorship –Meaning, Characteristics, Advantages and
Disadvantages of Partnership -Kinds of Partners - Partnership Deed -Concept of Limited liability
partnership – Meaning, Characteristics, Advantages and Disadvantages of Hindu Undivided Family –
Meaning, Advantages and Disadvantages of Co-Operative Organization.

UNIT-II: JOINT STOCK COMPANY:

Joint Stock Company - Meaning - Definition - Characteristics - Advantages and Disadvantages - Kinds of
Companies -Promotion - Stages of Promotion - Promoter - Characteristics - Kinds - Preparation of
Important Documents - Memorandum of Association - Clauses - Articles of Association - Contents –
Prospectus - Contents – Red herring Prospectus- Statement in lieu of Prospectus (As per Companies Act.
2013).

UNIT-III:INTRODUCTION TO FUNCTIONS OF MANAGEMENT:

Management - Meaning - Characteristics - Functions of Management - Levels of Management – Skills of
Management- Scientific Management - Meaning - Definition - Objectives - Criticism – Fayol’s 14
Principles of Management .

UNIT-IV:PLANNING AND ORGANISING: Meaning - Definition - Characteristics - Types of Plans -

Advantages and Disadvantages – Approaches to Planning - Management by Objectives (MBO) - Steps in
MBO - Benefits –Weaknesses—Definition of Organizing-Organization-Process of Organizing -
Principles of Organization - Formal and Informal Organizations - Line, Staff Organizations - Line and
Staff Conflicts - Functional Organization - Span of Management - Meaning - Determining Span - Factors
influencing the Span of Supervision.

UNIT-V: AUTHORITY, COORDINATION AND CONTROL:

Meaning of Authority, Power, responsibility and accountability - Delegation of Authority -
Decentralization of Authority - Definition, importance, process, and principles of Coordination-
techniques of Effective Coordination - Control - Meaning - Definition – Relationship between planning
and control-Steps in Control – Types (post, current and pre-control) - Requirements for effective control.

SUGGESTED READINGS:
1.Business Organization & Management: Sharma Shashi K. Gupta, Kalyani Publishers
2.Business Organisation& Management: Patrick Anthony, Himalaya Publishing House
3.Business Organization & Management: Dr. Manish Gupta, PBP.
4.Organization & Management: R. D. Agarwal, McGraw Hill.
5.Modern Business Organization: S.A. Sherlekar, V.S. Sherlekar, Himalaya Publishing House
6.Business Organization & Management: C.R. Basu, Tata McGraw Hill
7.Business Organization & Management: M.C. Shukla S. Chand,
8.Business Organisation and Management: D.S. Vittal, S. Chand
9.Organizational Behaviour Text & Cases: V.S.P. Rao, Himalaya Publishing House
10. Business Organization & Management: Uma Shekaram, Tata McGraw Hill
11. Business Organization & Management: Niranjan Reddy & Surya Prakash, Vaagdevi publishers
12. Business Organisation and Management, Dr.NeeruVasihth, Tax Mann Publications.

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 Paper DSC 103: FOREIGN TRADE

Objective: to gain knowledge of India’s foreign trade procedures policies, and international
institutions.

UNIT-I: INTRODUCTION:
Foreign Trade: Meaning and Definition - Types – Documents used-Commercial Invoice – Bills
of Lading / Airway Bill – Marine Insurance Policy and Certificate – Bills of Exchange –
Consumer Invoice – Customs Invoice – Certificate of Origin – Inspection Certificate – Packing
List.

UNIT-II: BALANCE OF TRADE AND BALANCE OF PAYMENTS:

Introduction – Meaning - Components of BOT & BOP - Concept of Disequilibrium – Causes -
Remedies for Correcting Balance of Payments in International Trade.

UNIT-III: INDIAN TRADE POLICY:

Importance and its Implementation – Current Export Policy and Import Policy.

UNIT-IV: FOREIGN TRADE AND TRADE BLOCS:

Growth - Significance of Foreign Trade – Merits - Demerits – Trade Blocs: Types – Preferential
Trade Area, Free Trade Area, Customs Unions, Common Markets, Economic Unions, Monetary
Unions, Customs and Monetary Unions, and Economic and Monetary Unions.

UNIT-V: INTERNATIONAL ECONOMIC INSTITUTIONS:

IMF: Objectives - Functions - World Bank: Objectives – Functions - Subsidiaries of World Bank
– IMF Vs. IBRD; New Development Bank (NDB) – Objective Functions – Features –
Membership – Shareholding, Criticism, Asian Infrastructure Investment Bank (AIIB) –
Objective Functions – Features – Membership – Shareholding, Criticism; Trans-Pacific
Partnership (TPP) -Objective Functions – Features – Membership – Shareholding, Criticism;
UNCTAD: Aims – Features; WTO - Aims - Features – Agreements.

SUGGESTED READINGS:

1. International Marketing: Rathore& Jain, Himalaya Publishers.

2. International Marketing: Kushpat S. Jain &RimiMitra, Himalaya Publishers
3. Foreign Trade –Dr SrinivasaNarayana,JyotiMehra– PBP
4. International Economics: SSMDesai&NirmalBhalerao, Himalaya Publishers.
5. International Business Environment & Foreign Exchange Economies: Singh & S. Srivastava,
6. Foreign Trade and Foreign Exchange: O.PAgarwal&B.K.Chaudri, Himalaya Publishers
7. International Financial Markets & Foreign Exchange: ShashiK.Gupta&PraneetRangi, Kalyani
8. International Economics: Theory & Practice: Paul R. Krugman, Pearson Publishers.

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 Paper DSC 201:FINANCIAL ACCOUNTING-II

Objective: to acquire conceptual knowledge and application of depreciation methods and single
entry system, and preparation of accounts related to non-profit and partnership organisations.

UNIT-I: DEPRECIATION:
Depreciation (AS-6): Meaning – Causes – Difference between Depreciation, Amortisation and
Depletion - Objectives of providing for depreciation – Factors affecting depreciation –
Accounting Treatment – Methods of depreciation: Straight Line Method - Diminishing Balance
Method - Sinking Fund Method - Sum of Digits Method - Annuity Method.

UNIT-II: ACCOUNTS FROM INCOMPLETE RECORDS:

Features – Ascertainment of Profit - Statement of Affairs and Conversion method.

UNIT-III: ACCOUNTING FOR NOT-FOR-PROFIT ORGANIZATIONS:

Not for Profit entities – Features – Receipts and Payments Account – Income and Expenditure
Account – Balance Sheet - Accounting for Organization and Individuals.

UNIT-IV: PARTNERSHIP ACCOUNTS-I:

Meaning – Partnership Deed - Capital Accounts (Fixed and Fluctuating) – Admission of a
Partner – Retirement and Death of a Partner (Excluding Joint Life Policy).

UNIT-V: PARTNERSHIP ACCOUNTS–II:

Dissolution of Partnership – Insolvency of a Partner (excluding Insolvency of all partners) – Sale
to a Company.

SUGGESTED READINGS:

1. Accountancy–I: S.P. Jain & K.L Narang, Kalyani.

2. Accountancy-I: Haneef and Mukherjee, Tata McGraw Hill Co.
3. Financial Accounting-II Dr.Yogeshweran, PBP.
4. Financial Accounting: S. N. Maheshwari&V.L.Maheswari, Vikas.
5. Principles and Practice of Accounting: R.L. Gupta & V.K. Gupta, Sultan Chand & Sons.
6. Accountancy–I: Tulasian, Tata McGraw Hill Co.
7. Advanced Accountancy-I: S. N. Maheshwari&V.L.Maheswari, Vikas.
8. Financial Accounting-I , Prasanthaathma, Himalaya Publishing House
9. Financial Accounting-I , Srihari Krishna Rao, Himalaya Publishing House
10. Financial Accounting: B.Vishwanadham, S Chand.
11. Financial Accounting-II: Padma Priya, Himalaya Publishing house
12. Advanced Accountancy: M Shrinivas& K Sreelatha Reddy, Himalaya Publishers.
13. Financial Accounting: M.N Arora, Tax Mann Publications.

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 Paper DSC 202: BUSINESS LAWS

Objective: to understand basics of contract act, sales of goods act, IPRs and legal provisions
applicable for establishment, management and winding up of companies in India.

UNIT–I: INDIAN CONTRACT ACT:

Agreement and contract - Essentials of a valid contract - Types of contracts - Offer and
Acceptance - Essentials of valid offer and acceptance - Communication and revocation of offer
and acceptance – Consideration definition - Essentials of valid consideration -Modes of
Discharge of a contract - Performance of Contracts - Breach of Contract - Remedies for Breach.

UNIT–II: SALE OF GOODS ACT AND CONSUMER PROTECTION ACT:

Contract of Sale: Essentials of Valid Sale - Sale and Agreement to Sell – Definition and Types of
Goods - Conditions and Warranties - Caveat Emptor - Exceptions - - Unpaid Seller - Rights of
Unpaid Seller. Consumer Protection Act 1986: Definitions of Consumer – Person – Goods -
Service -Consumer Dispute - Consumer Protection Councils - Consumer Dispute Redressal
Agencies - Appeals.

UNIT–III: INTELLECTUAL PROPERTY RIGHTS:

Trade Marks: Definition - Registration of Trade Marks - Patents: Definition - Kinds of Patents -
Transfer of the Patent Rights - Rights of the Patentee - Copy Rights: Definition -- Rights of the
Copyright Owner - Terms of Copy Right - Copy Rights Infringement - Other Intellectual
Property Rights: Trade Secrets - Geographical Indications.

UNIT–IV: MANAGEMENT OF COMPANIES AND MEETINGS:

Director: Qualification - Disqualification - Position - Appointment - Removal – Duties and
Liabilities – Loans – Remuneration – Managing Director – Corporate Social Responsibility –
Corporate Governance. Meeting: Meaning – Requisites - Notice – Proxy - Agenda – Quorum –
Resolutions – Minutes – Kinds – Shareholder Meetings - Statutory Meeting - Annual General
Body Meeting – Extraordinary General Body Meeting – Board Meetings.

UNIT–V: WINDING UP:

Meaning – Modes of Winding Up –Winding Up by tribunal – Voluntary Winding Up –
Compulsory Winding Up – Consequences of Winding Up – Removal of name of the company
from Registrar of Companies – Insolvency and Bankruptcy code - 2016.

SUGGESTED READINGS:
1) Company Law: ND Kapoor, Sultan Chand and Co.
2) Company Law: Rajashree. – HPH
3) Business Law - Kavitha Krishna, Himalaya Publishing House
4) Business Laws – Dr. B. K. Hussain, Nagalakshmi - PBP
5) Company Law: Prof. G. Krishna Murthy, G. Kavitha, PBP
6) Company Law and Practice: GK Kapoor& Sanjay Dhamija, Taxmann Publication.
7) Company Law: Revised as per Companies Act- 2013: KC Garg et al, Kalyani Publication.
8) Corporate Law: PPS Gogna, S Chand.
9) Business Law: D.S. Vital, S Chand
10) Company Law: Bagrial AK,Vikas Publishing House.

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 Paper DSC 203: BANKING AND FINANCIAL SERVICES

Objectives:to familiarize with Fund-based and Non-fund-based Financial Services.

UNIT-I:INTRODUCTION:
Functions of Commercial Banks - Emerging Trends in Commercial Banking in India:E-Banking –
Mobile Banking - Core Banking – Bank Assurance –OMBUDSMAN.RBI Constitution -
Organizational Structure – Management - Objectives – Functions – Monetary Policy - Brief
description on various types of banks--District Co-Operative Central Banks – Contemporary Banks -
Regional Rural Banks -National Bank for Agriculture and Rural Development (NABARD) – SIDBI
– Development Banks.

UNIT-II: BANKER AND CUSTOMER RELATIONSHIP:

Definition of Banker and Customer - Relationship Between Banker and Customer - KYC norms-
General and Special Features of Relationship - Opening of Accounts - Special Types of Customers
Like Minor, Married Women, Partnership Firms, Companies, Clubs and other Non-Trading
Institutions.

UNIT-III:NEGOTIABLE INSTRUMENTS:
Descriptions and their Special Features - Duties and Responsibilities of Paying and Collecting
Banker - Circumstances under which a Banker can refuse Payment of Cheques - Consequences of
Wrongful Dishonors - Precautions to be taken while Advancing Loans Against Securities – Goods -
Documents of Title to Goods - Loans against Real Estate -Insurance Policies - Against Collateral
Securities – Banking Receipts.

UNIT–IV: INTRODUCTION TO FINANCIAL SERVICES:

Financial Services: Meaning-Functions- Classification- Scope – Fund Based Activities - Non-fund
Based Activities – Modern Activities - Causes for Financial Innovation – New Financial Products
and Services – Innovative Financial Instruments – Challenges Facing the Financial Service Sector –
Present Scenario.

UNIT–V: MERCHANT BANKING, VENTURE CAPITAL, LEASING, DISCOUNTING,

FACTORING AND FORFEITING:
Definition –Services of Merchant Banks –Problems and Scope of Merchant Banking in India-
Venture Capital: Meaning, Features, Scope, Importance - Leasing-Definition and Steps- Types of
Lease – Financial Lease – Operating Lease – Leverage Lease – Sale and Lease Back –
Discounting:Concept – Advantages of Bill Discounting –Factoring-Meaning and Nature– Parties in
Factoring – Merits and Demerits of Factoring –Forfeiting-Parties to Forfeiting – Costs of Forfeiting –
Benefits of Forfeiting for Exporters and Importers .

SUGGESTED READINGS:
1. Banking Theory & Practices: Dr. P. K. Srivatsava, Himalaya Publishers
2. Banking Theory & Practices: K.C. Shekar, Vikas Publications
3. Banking and Financial Services: SanthiVedula&Kavitha Krishna Himalaya Publishing
House
4. Banking and Financial Services: Dr.Jayanthi, PBP.
5. Banking Theory, Law & Practices: R. R Paul, Kalyani Publishers
6. Money Banking and Financial Markets: Averbach, Rabort. D, MacMillan. Landon
7. Financial Markets and Services: Gordon and Natarajan, Himalaya Publishing House.
8. Financial Services: T. Siddaiah, Pearson Education
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 Paper SEC1 (a): PRINCIPLES OF INSURANCE

Objectives: 1) to provide a basic understanding of the Insurance Mechanism; 2) to identify the

relationship between Insurers and their Customers and the importance of Insurance Contacts; 3)
to give an overview of major Life Insurance and General Insurance Products.
UNIT I: RISK MANAGEMENT AND INSURANCE AND INSURANCE
TERMINOLOGY:
RiskManagement –Types of Risks – Actual and Consequential Losses – Management of Risks –
Different Classes of Insurance – Importance of Insurance – Management of Risk by
Individuals and Insurers – Fixing of Premiums – Reinsurance– Role of Insurance in Economic
Development and Social Security – Constituents of Insurance Market – Operations of
Insurance Companies – Operations of Intermediaries – Specialist Insurance Companies – Role
of Regulators – Common and specific terms in Life and Non Life Insurance - Understanding
Insurance Customers – Customer Behavior at Purchase Point – Customer Behavior when
Claim Occurs – Importance of Ethical Behavior.

UNIT II: INSURANCE CONTRACT AND INSURANCE PRODUCTS:

Insurance Contract Terms – Principles of Insurance: Principle of Insurable Interest, Principle of
Indemnity, Principle of Subrogation, Principle of Contribution, Relevant Information Disclosure,
Principle of utmost Good Faith, Relevance of Proximate Cause - Life Insurance Products: Risk
of Dying Early – Risk of Living too Long – Products offered – Term Plans – Pure Endowment
Plans – Combinations of Plans – Traditional Products – Linked Policies – Features of Annuities
and Group Policies - General Insurance Products: Risks faced by Owner of Assets – Exposure to
Perils – Features of Products Covering Fire and Allied Perils – Products covering Marine and
Transit Risks – Products covering Financial Losses due to Accidents – Products covering
Financial Losses due to Hospitalization – Products Covering Miscellaneous Risks.
SUGGESTED READINGS:

1. Principles of Insurance : A Publication of the Insurance Institute of India

2. Principles of Insurance : Telugu Academy, Hyderabad
3. Guide to Risk Management : SagarSanyal
4. Principles of Insurance - Dr V Padmavathi,Dr V Jayalakshmi - PBP
5. Insurance and Risk Management : P.K. Gupta
6. Insurance Theory and Practice : Tripathi PHI
7. Principles of Insurance Management : Neelam C Gulati, Excel Books
8. Life and Health Insurance : Black, JR KENNETH & Harold Skipper, Pearson
9. Principles of Risk Management and Insurance : George E Rejda (13th Edition)
10. Risk Management and Insurance : Trieschman ,Gustavson and Hoyt . South Western
College Publishing, Cincinnati, Ohio

Suggested Websites:
1) www.irda.gov.in2) www.polocyholder.gov.in3) www.irdaindia.org.in

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 Paper SEC1 (b): FOUNDATION OF DIGITAL MARKETING

Course Objectives:
1. Learn how to promote your business effectively online and develop a targeted online marketing
strategy that engages potential customers throughout the digital landscape.
2. Learn skills to help maximize email marketing campaigns, understand optimal audience
outreach,and analyze customer interactions and data.
3. Understand basic mobile marketing concepts and trends, develop a strategy that works for your
business, and then implement and optimize the strategy following industry best practices.
4. Gain a better understanding about how creating, promoting and measuring valuable and
relevantcontent can attract and engage a profitable audience.

UNIT I:DIGITAL MARKETING FOUNDATIONS:

Digital Marketing Strategy – Exploring Digital Marketing – Starting with the Website – Foundations of
Analytics – Search Engine Optimization – Search and Display Marketing – Social Media Marketing –
Video Marketing

UNIT II: OPTIMIZING MARKETING EMAILS, MOBILE MARKETING

FOUNDATIONS AND CONTENT MARKETING FOUNDATIONS:
Email marketing tools and setup – Email marketing segmentation, personalization and mobile friendly
deisgn – Content marketing foundations – Blogs for content marketing – Content marketing for staying
relevant – Newsletters for content marketing – Mobile marketing foundations

SUGGESTED READINGS:
1. The Art of Digital Marketing: The Definitive Guide to Creating Strategic, Targeted, and
Measurable Online Campaigns by Ian Dodson, Wiley
2. Fundamentals of Digital Marketing by Puneet Singh Bhatia, Pearson
3. Foundations of Digital Marketing: Dr. K.V. NAgaraj.KUsha Rani - PBP
4. Digital Marketing by VandanaAhuja, Oxford
5. Digital Marketing by Seema Gupta, McGraw Hill
6. Digital Marketing For Dummies by Ryan Deissand Russ Henneberry

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 Paper SEC1 (c)FUNDAMENTALS OF BUSINESS ANALYTICS

COURSE OBJECTIVES:
 Understand the fundamentals of business analytics.
 Build a mindset for analytical problem-solving approach and data-driven decision
making.
 Understand the statistical capabilities of Excel.
UNIT I: USING DATA TO DRIVE BUSINESS DECISIONS
Need for data-driven decision making: Solving the business problem using Analytics -
Overview of the Business Analytics cycle - Hierarchy of information user -The complete
Business Analytics professional: Understanding Business Analyst roles and responsibilities -
Identify the Popular Business Analytics Tools
UNIT II: DATA ANALYTICS USING EXCEL
Basics of Excel: Organizing data with Excel - Performing simple computations and aggregations
using Excel - Working with Summing and other Reporting functions in Excel - Working with
pivot tables and charts - Using Excel for Data Analytics: Power Query - Power Pivot - Power
view - Power Map - Building tips - Display tips - Keyboard shortcuts - Mouse shortcuts -
Standardized layouts - Understanding table based and spreadsheet-based layouts - Best practices
- Setting data rules and Cleaning data - Format as table - Data cleansing techniques using
External Data - Searching and Combining Data with Power Query: Getting started with Power
Query - Know the Environment tabs and toolbars - Access new or existing reports - Importing
and combining data from databases, web, files - Splitting and aggregating data - Query data from
SQL - Working in the Select Part of an SQL Query - Managing SQL commands - Managing
Tables - Discovering and Analyzing Data with Power Pivot: Database concepts - Loading Data
into Power Pivot - Using Power Query and Power map add-ins - Designing Pivot Table reports -
Filtering data - Creating Custom functions and formulas - Formatting Pivot Tables - Managing
Power Pivot Data - Setting Connection properties - Managing Data sources - Configuring Pivot
Table Options

SUGGESTED READING:
1. Fundamentals of Business Analytics, 2nd Edition; R N Prasad; Wiley
2. Business Analysis with Microsoft Excel and Power BI, 5th edition; Conrad G. Carlberg;
Pearson
3. Monetizing Your Data: A Guide to Turning Data into Profit-Driving Strategies and
Solutions; Andrew Roman Wells, Kathy Williams Chiang; Wiley
4. Excel Data Analysis: Your visual blueprint for creating and analyzing data, charts and
PivotTables, 3rd Edition; Denise Etheridge; Wiley
5. Microsoft Excel 2019 Formulas and Functions (Business Skills), 1st Edition; Paul
McFedries; Microsoft
6. Excel Statistics: A Quick Guide, 3rd edition; Neil J. Salkind; Sage Publications
7. Microsoft Excel 2019: For Beginners; J. Davidson
8. Microsoft Excel 2019: Learn Excel Basics with Quick Examples; James Jackson

12
 Paper SEC2 (a): PRACTICE OF LIFE INSURANCE

Objectives: 1) to make the student understand Life Insurance Market in India, 2) to discuss
the issues related to risk management in view of life insurance.

UNIT-I: INTRODUCTION TO LIFE INSURANCE AND TYPES OF LIFE INSURANCE

POLICIES AND PREMIUM CALCULATION:Meaning evolution, growth and principles of
Life Insurance –Life Insurance Organizations in India– Competition and Regulation of Life
Insurance - Types of Life Insurance Policies – Term, Whole Life, Endowment, Unit Linked
and with or without Profit Policies –Customer Evaluation – Policy Evaluation – Group and
Pension Insurance Policies – Special features of Group Insurance/Super Annuation
Schemes – Group Gratuity Schemes.Computation of Premiums - Meaning of Premium, its
calculation-Rebates – Mode of Rebates – Large sum assured Rebates – Premium Loading –
Rider Premiums –Computation of Benefits – Surrender value – Paid up value.

UNIT-II: SETTLEMENT OF CLAIMS RISK & UNDERWRITTINGS AND FINANCIAL

PLANNING & TAX SAVING: Settlement of claims: Intimation Procedure, documents and
settlement procedures - Underwriting: The need for underwriting – Guiding principles of
Underwriting – Factors affecting Insurability – Methods of Life Classification – Laws
affecting Underwriting - Financial Planning and taxation: Savings – Insurance vis-à-vis-
Investment in the Units Mutual Funds, Capital Markets – Life Insurance in Individual
Financial Planning – Implications in IT treatment.

SUGGESTED READINGS:

1. Practice of Life Insurance: Insurance Institute of India, Mumbai.

2. Insurance and Risk Management: P.K.Gupta, Himalaya Publishing House, Mumbai.
3. Fundamentals of Life InsuranceTheories and Applications: Kanika Mishra, Prentice
Hall
4. Principles of Life Insurance – Dr. V. Padmavathi, Dr. V. Jayalakshmi - PBP
5. Managing Life Insurance: Kutty, S.K., Prentice Hall of India: New Delhi
6. Life and Health Insurance: Black, Jr. Kenneth and Harold Skipper Jr., Prentice Hall,
Inc., England.
7. Life Insurance: Principles and Practice: K.C. Mishra and C.S. Kumar, Cengage
Learning, New Delhi.
8. Life Insurance in India: Sadhak, Respose Books, New Delhi

13
 Paper SEC2 (b): WEB DESIGN AND ANALYTICS

Course Objectives:
1. Learn the fundamental concepts, tools, and learning paths for web design.
2. Learn the best way to approach Conversion Rate Optimization (CRO).
3. Learn how Google Analytics, which is the industry standard for web analytics, can help you find
out how your website is performing.

UNIT I:WEB DESIGN AND OPTIMIZING CONVERSION RATES:

Exploring and learning web design – Understanding Conversion rate optimization (CRO) – Setting CRO
– Understanding your target audience – Be an optimization champion

UNIT II: GOOGLE ANALYTICS:

Getting started with Google Analytics – Core concepts – Additional interface features – Using reports –
Audience reports – Acquisition reports – Social reports – Behavior reports – Track events – Conversion
reports – Additional features

SUGGESTED READINGS:
1. The Art of Digital Marketing: The Definitive Guide to Creating Strategic, Targeted, and
Measurable Online Campaigns by Ian Dodson, Wiley
2. Fundamentals of Digital Marketing by Puneet Singh Bhatia, Pearson
3. Digital Marketing by VandanaAhuja, Oxford
4. Digital Marketing by Seema Gupta, McGraw Hill
5. Digital Marketing For Dummies by Ryan Deissand Russ Henneberry
6. Don’t Make Me Think Revisited: A Common Sense Approach to Web Usability By Steve Krug
7. Web Analytics 2.0 – AvinashKaushik
8. Successful Analytics by Brian Clifton
9. Math and Stats for Web Analytics and Conversion Optimization by Himanshu Sharma

14
 Paper SEC2 (c): APPLICATION OF BUSINESS ANALYTICS

COURSE OBJECTIVES:
 Learn the basics of business analytics with Excel, one of the most popular data
analytics tools.
 Get started with R, the lingua franca of data analytics.

UNIT I: STATISTICSUSING EXCEL:
Descriptive statistics using Excel: Describe data using charts and basic statistical measures
– Histograms - Pareto charts – Boxplots - Treemap and Sunburst charts - Inferential
Statistics using Excel: Coorelation and Regression - Probability distribution – Sampling
techniques – Hypothesis testing

UNIT II:GETTING STARTED WITHR:

Introduction to R and RStudio components: Read datasets into R - Export data from R -
Manipulate and Process Data in R - Use functions and packages in R - Demonstrate with a
Case Study to perform basic analytics using R

SUGGESTED READING:
1. Microsoft Business Intelligence Tools for Excel Analysis; Michael Alexander, Jared Decker,
Bernard Wehbe; Wiley
2. Business Analysis with Microsoft Excel and Power BI, 5th edition; Conrad G.
Carlberg; Pearson
3. Excel Data Analysis: Your visual blueprint for creating and analyzing data, charts
and PivotTables, 3rd Edition; Denise Etheridge; Wiley
4. Microsoft Excel 2019 Formulas and Functions (Business Skills), 1st Edition;Paul
McFedries; Microsoft
5. Microsoft Excel Data Analysis for Dummies, 3rd edition; Stephen L. Nelson, E. C.
Nelson; Wiley
6. Data Analytics with R; BhartiMotwani; Wiley

15
 Paper DSC 301: ADVANCED ACCOUNTING

Objective: To acquire accounting knowledge of partnership firms and joint stock companies

UNIT-I: PARTNERSHIP ACCOUNTS-I:

Meaning – Partnership Deed - Capital Accounts (Fixed and Fluctuating) – Admission of a
Partner – Retirement and Death of a Partner (Excluding Joint Life Policy)(Including problems)

UNIT-II: PARTNERSHIP ACCOUNTS–II:

Dissolution of Partnership – Insolvency of a Partner (excluding Insolvency of all partners) – Sale
to a Company (Including problems)

UNIT-III: ISSUE OF SHARES, DEBENTURES, UNDERWRITING AND BONUS SHARES:

Issue of Shares at par, premium and discount - Prorata allotment – Forfeiture and Re-issue of
Shares – Issue of Debentures with Conditions of Redemption – Underwriting: Meaning –
Conditions- Bonus Shares: Meaning – SEBI Guidelines for Issue of Bonus Shares – Accounting
of Bonus Shares(Including problems)

UNIT-IV: COMPANY FINAL ACCOUNTS AND PROFIT PRIOR TO INCORPORATION:

Companies Act 2013: Structure – General Instructions for preparation of Balance Sheet and
Statement of Profit and Loss – Part-I: Form of Balance Sheet – Part-II: Statement of Profit and
Loss – Preparation of Final Accounts of Companies - Profits Prior to Incorporation- Accounting
treatment. (Including problems)

UNIT-V: VALUATION OF GOODWILL AND SHARES:

Valuation of Goodwill: Need – Methods: Average Profits, Super Profits and Capitalization
Methods -Valuation of Shares: Need –Net Assets, Yield and Fair Value Methods. (Including
problems)

SUGGESTED READINGS:
1. Principles and Practice of Accounting: R.L. Gupta & V.K. Gupta,Sultan Chand & Sons.
2. Advanced Accountancy: Shukla and Grewal, S.Chand& Co.
3. Advanced Accountancy: R.L.Gupta&Radhaswamy, Sultan Chand & Sons.
4. Advanced Accountancy (Vol-II): S.N.Maheshwari&V.L.Maheswari, Vikas.
5. Advanced Accountancy: Dr. G. Yogeshwaran, Julia Allen - PBP
6. Accountancy–III: Tulasian, Tata McGraw Hill Co.
7. Advanced Accountancy: Arulanandam; Himalaya.
8. Accountancy–III: S.P. Jain & K.L Narang, Kalyani Publishers.
9. Guidance Note on the Revised Schedule VI to the Companies Act, 1956, The Institute of
Chartered Accounts of India.
10. Advanced Accounting (IPCC): D. G. Sharma, Tax Mann Publications.

16
 Paper DSC 302: BUSINESS STATISTICS -I

Objective: To inculcate analytical and computational ability among the students.

UNIT-I: INTRODUCTION:
Origin and Development of Statistics – Definition - Importance and Scope - Limitations of
Statistics - Distrust of Statistics.
Statistical Investigation: Planning of statistical investigation - Census and Sampling methods -
Collection of primary and secondary data - Statistical errors and approximation - classification
and Tabulation of data - Frequency distribution.

UNIT – II: DIAGRAMMATIC AND GRAPHIC PRESENTATION:

Diagrammatic presentation: One Dimensional and Two Dimensional Diagrams – Pictograms –
Cartograms Graphic presentation: Technique of Construction of Graphs - Graphs of Frequency
Distribution - Graphs of Time Series or Histograms.

UNIT-III: MEASURES OF CENTRAL TENDENCY:

Introduction –Significance -Arithmetic Mean- Geometric Mean - Harmonic Mean - Mode –
Median - Quartiles and Percentiles - Simple and Weighted Averages - Uses and Limitations of
different Averages.

UNIT-IV: MEASURES OF DISPERSION, SKEWNESS AND KURTOSIS:

Measures of Dispersion: Significance - Characteristics - Absolute and Relative Measures - Range
- Quartile Deviation - Mean Deviation- Standard Deviation - Coefficient of Variation.
Measures of Skewness - Karl Pearson’s Coefficient of Skewness - Bowley’s Coefficient of
Skewness - Kelly’s Measure of Skewness – Kurtosis: Mesokurtosis, Platy kurtosis and
Leptokurtosis.

UNIT-V: CORRELATION:
Meaning -Types - Correlation and Causation – Methods: Scatter Diagram - Karl Person's
Coefficient of Correlation - Probable Error and Interpretation of Coefficient of Correlation -
Rank Correlation - Concurrent Deviation Method.

SUGGESTED READINGS:
1. Statistics for Management: Levin & Rubin, Pearson
2. Fundamentals of Statistics: Gupta S.C, Himalaya
3. Statistics: E. Narayanan Nadar, PHI Learning
4. Business Statstics –I: Dr. Obul Reddy, Dr. D. Shridevi - PBP
5. Business Statistics: Dr. J. K. Thukral, Taxmann Publications
6. Business Statistics: K. Alagar, Tata McGraw Hill
7. Fundamentals of Statistical: S. P Gupta, Sultan Chand
8. Business Statistics: J. K. Sharma, Vikas Publishers
9. Business Statistics: S. L Aggarwal, S. L. Bhardwaj, Kalyani Publications
10. Statistics-Problems and Solutions: Kapoor V.K, S. Chand
11. Statistics - Theory, Methods and Applications: Sancheti D.C. &Kapoor V.K
12. Business Statistics: S. K. Chakravarty, New Age International Publishers
13. Statistics: Andasn,Sweenly,Williams,Cingage.

17
 Paper DSC 303: FINANCIAL INSTITUTIONS & MARKETS

Objective: To familiarize with various Financial Institutions and Markets.

UNIT-I: INDIAN FINANCIAL SYSTEM:
Components – Functions – Flow of Funds Matrix – Financial System and Economic
Development – Recent Developments in Indian Financial System – Weaknesses of Indian
Financial System.
UNIT-II: FINANCIAL INSTITUTIONS:
Commercial Banking: Types – Functions – Lending by Commercial Banks – Recent
Developments – Merchant Banking-functions—Venture Capital—objectives--Private Equity–
role in start-ups—Hire purchase and leasing—Non-banking Finance Companies: Types –
Functions.
UNIT-III: MONEY MARKET:
Functions of Money Market – Organization of Money Market – Dealers – Money Market
Instruments – RBI – Functions - Role of RBI in Money Market - LAF (Liquidity Adjustment
Facility), MSF (Marginal Standing Facility), Repo, and ReverseRepo – MPC (Monetary Policy
Committee) – Structure and Functions.
UNIT-IV: DEBT MARKET:
Evolution of Debt Markets in India - Money Market & Debt Market in India – Instruments and
Players in Debt Market: Government Securities - PSU Bonds - Corporate Bonds - Securities
Trading Corporation of India - Primary Dealers in Government Securities – Bonds: Features of
Bonds - Types of Bonds - Bond Ratings.
UNIT-V: EQUITY MARKET:
Meaning - Development of Equity Culture in India – Primary Market:IPO and FPO – Methods of
IPO - Role of Merchant Bankers in Fixing the Price - Red Herring Prospectus – Sweat Equity -
ESOP – Rights Issue – Secondary Market: Meaning and Functions of Stock Exchanges -
Evolution and Growth of Stock Exchanges - Stock Exchanges in India - Recent Developments in
Indian Stock Exchanges - Stock Market Indices – SEBI: Objectives and Functions.
SUGGESTED READINGS:
1) Bhole, L.M., Financial Markets and Institutions. Tata McGraw Hill Publishing Company, New Delhi, India.
2) Prof. PrashantaAthma, Financial Institutions and Markets: PBP
3) Bihar S.C., Indian Financial System. International Book House Pvt. Ltd., New Delhi, India.
4) Gordon &Natarajan, Financial Markets and Services. Himalaya Publishing House, New Delhi, India.
5) Khan and Jain, Financial Services, Tata McGraw Hill, New Delhi, India.
6) Khan, M.Y., Indian Financial System -Theory and Practice. Vikas Publishing House, New Delhi, India.
7) Shashi K. Gupta &NishaAggarwal, Financial Services. Kalyani Publishers, New Delhi, India.
8) Vinod Kumar, Atul Gupta &ManmeetKaur, Financial Markets, Institutions & Financial Services, Taxmann’s
Publications, New Delhi, India.

18
 Paper SEC3 (a): PRACTICE OF GENERAL INSURANCE

Unit I: GENERAL INSURANCE POLICIES:

Introduction to General Insurance-Origin of general insurance—Classification of General
Insurance Companies—Indian and International Insurance Market—various roles in Insurance
industry—Policy Documents and forms—insurance proposals and forms—General Insurance
Products-Fire, Marine, Motor, Liability, Personal Accident and Specialty Insurance, Engineering
and other insurance.

Unit II: UNDERWRITING, PREMIUMS, CLAIMS AND INSURANCE RESERVES AND

ACCOUNTING:
Concept of Underwriting—Underwriting Process—Risk sharing and its methods—risk
management and steps involved in it—Rating and Premiums—concept of soft and hard
markets—Concept of Claim-understanding the process of claim management—claims fraud and
fraud prevention—Insurance reserves and accounting—different types of reserves of insurance
companies—reserving process followed by insurance companies—Insurance accounting.

SUGGESTED READINGS :
1. Practice of General Insurance – Insurance Institute of India.
2. Practice of General Insurance – D.S. Vittal-HPH.
3. Principles & Practice of Insurance- Dr. P. Periasamy – HPH.
4. Risk Management : A Publication of the Insurance Institute of India.,
5. Practice of General Insurance: Dr. V. Padmavathi, Dr. V. Jayalakshmi, PBP.
6. Insurance Theory and Practice: Tripathi PHI
7. Life and Health Insurance: Black, JR KENNETH & Harold Skipper, Pearson
8. Risk Management and Insurance : Trieschman ,Gustavson and Hoyt
9. South Western College Publishing Cincinnati, Ohio.

19
 Paper SEC3 (b): SOCIAL MEDIA MARKETING

Course Objectives:
1. Learn how to manage online communities, which are the quickest way to find new customers and
reach like-minded people.
2. Learn how to craft, implement, measure, and optimize a winning social media marketing strategy.
3. Learn how to promote brands, increase sales, engage customers, and drive site traffic using
Facebook and Twitter.
4. Learn how to build an effective brand on LinkedIn.
5. Learn how to start a YouTube channel to market a product or service and generate ad revenue.

UNIT I:SOCIAL MEDIA MARKETING:

Building an online community – Understanding Social Media Marketing – Marketing and building
presence on Facebook – Marketing and building presence on Twitter – Employer branding on Linkedin

UNIT II: ONLINE ADVERTISING ON SOCIAL MEDIA:

Facebook advertising overview – How Facebook ads work – How to create Facebook ads – Additional
advertising options and best practices for Facebook advertising – Marketing and monetizing on YouTube
– Customize your YouTube Channel – Video optimization on YouTube – YouTube Analytics

SUGGESTED READINGS:
1. The Art of Digital Marketing: The Definitive Guide to Creating Strategic, Targeted, and
Measurable Online Campaigns by Ian Dodson, Wiley
2. Fundamentals of Digital Marketing by Puneet Singh Bhatia, Pearson
3. Digital Marketing by VandanaAhuja, Oxford
4. Tuten: Social Media Marketing, sage
5. Digital Marketing by Seema Gupta, McGraw Hill
6. Social Media Marketing All-In-One for Dummies By Jan Zimmerman and Deborah Ng
7. Facebook Growth Hacking: How to Correctly Set Up and Maintain Your Facebook Presence and
Gain Massive Amounts of Fans (Social Media Marketing) by Jeff Abston
8. Youtube Influencer: How To Become a Youtube Influencer, Why Influencer Marketing Matters,
and How To Monetize Your Channel by Jeff Abston

20
 Paper SEC-3 (c): BUSINESS INTELLIGENCE

Course Objectives:
 Learn how to use the many data-centric features and tools of Power BI, a powerful
business intelligence tool.
 Learn how to use Excel data in Power BI.

UNIT I: BUSINESS INTELLIGENCE USING POWER BI:

Getting data in Power BI: Overview of Power BI Desktop - Connect to data sources in Power
BI Desktop - Clean and transform data with the Query Editor - advanced data import and
cleaning techniques - Cleaning irregularly formatted data - Modeling the data: Manage data
relationships – Create calculated columns – Optimizing data models – Create calculated
measures – Create calculated tables – Explore time-based data - Exploring data: Introduction to
the Power BI service - Turn business intelligence data into data insights

UNIT II: POWER BI AND EXCEL:

Using Excel data in Power BI: Uploading an Excel workbook with a simple table into Power BI
- Upload workbooks created with Excel Power Pivot and Power View - Publishing and sharing:
Publish Power BI Desktop reports - Print and export dashboards and reports - Manually
republish and refresh data - Power BI Mobile - Create groups in Power BI – Publish to web

SUGGESTED READING:
1. Introducing Microsoft Power BI; Alberto Ferrari, Marco Russo; Microsoft Press
2. Introduction to Microsoft Power Bi: Bring Your Data to Life; M.O. Cuddley; Createspace
Independent Pub
3. Applied Microsoft Power BI: Bring your data to life; TeoLachev; Prologika Press
4. Business Analysis with Microsoft Excel and Power BI, 5th edition; Conrad G. Carlberg;
Pearson

21
 Paper SEC4 (a): REGULATION OF INSURANCE BUSINESS

Objective: To equip the students with the knowledge regarding Insurance Business Regulations

UNIT I: INSURANCE LEGISLATION IN INDIA:

History of life and non-life insurance legislation—nationalization—insurance reforms—
insurance business Act, 1972—IRDA and its functions including licensing functions—Web
aggregators—regulation for intermediaries—CCS-SPV-PoS-insurance repositories-TPAs—Role
and duties of surveyors—Origin and development of micro-insurance—regulation of ULIPs—
pension schemes—money laundering—KYC—methods of receipt of premium—Exchange
control regulations relating to General and Life Insurance—IRDA Health Insurance Regulations,
2016—Health plus life combi products.

UNIT II: POLICY HOLDERS RIGHTS OF ASSAINGMENT, NOMINATION AND

TRANSFER:
Assignment and transfer of insurance policies—provisions related to nomination—repudiation—
Fraud—protection of policyholder interest—stages in insurance policy-presale stage-post sale
stage-free look period—grievance redressal—claim settlement—key feature document—dispute
resolution mechanism—insurance ombudsman—solvency margin and investments—
international trends in insurance regulation.

SUGGESTED READINGS :
1. Regulation of Insurance Business – Insurance Institute of India
2. Regulation of Insurance Business – D.S. Vittal, HPH
3. Regulation of Insurance Business: Dr. V. Padmavathi, PBP
4. Risk Management : A Publication of the Insurance Institute of India
5. Insurance Theory and Practice: Tripathi PHI
6. Life and Health Insurance: Black, JR KENNETH & Harold Skipper, Pearson
7. Risk Management and Insurance : Trieschman ,Gustavson and Hoyt
8. South Western College Publishing Cincinnati, Ohio.
9. Insurance Management – S.C. Sahoo& S.C. Das-HPH.

22
 Paper SEC4 (b): SEARCH ENGINE OPTIMIZATION AND ONLINE
ADVERTISING

Course Objectives:
1. Learn about Search Engine Optimization which increases your website's visibility on search
engines like Google and Bing and attracts the right kind of traffic to the right pages on your site.
2. Learn the foundations of pay-per-click advertising with Google AdWords, the industry-leading
PPC platform.
3. Learn how to remarket to people who have visited your website even if they did not make a
purchase.

UNIT I:SEO FOUNDATIONS AND SEO KEYWORD STRATEGY:

Understanding SEO – Keyword strategy – Content optimization – Long-term content planning – Link-
building strategies – Measuring SEO effectiveness – SEO for Ecommerce – Local search – Mobile SEO

UNIT II: GOOGLE ADWORDS AND REMARKETING:

Pay-Per-Click Advertising – Getting started with Google Adwords – Advertising tracking – Key Google
Adwords strategies – Remarketing with Google – Budget and ROI tips – B2B Remarketing Campaigns

SUGGESTED READINGS:
1. The Art of Digital Marketing: The Definitive Guide to Creating Strategic, Targeted, and
Measurable Online Campaigns by Ian Dodson, Wiley
2. Fundamentals of Digital Marketing by Puneet Singh Bhatia, Pearson
3. Digital Marketing by VandanaAhuja, Oxford
4. Digital Marketing by Seema Gupta, McGraw Hill
5. SEO for Dummies, 6th Edition, by John Kent
6. SEO Fitness Workbook: 2018 Edition: The Seven Steps to Search Engine Optimization Success
on Google By Jason McDonald
7. The Art of SEO: Mastering Search Engine Optimization By Eric Enge, Stephan Spencer and
Jessie Stricchiola
8. Google Adwords for Beginners: A Do-It-Yourself Guide to PPC Advertising By Cory
Rabazinsky, 2015

23
 Paper SEC-4 (c)DATA VISUALIZATION & STORYTELLING

COURSE OBJECTIVES:
 Learn how to use Power BI to create compelling visuals and reports.
 Understand the art and science of data storytelling to achieve greater analytics impact in
business.

UNIT I: DATA VISUALIZATION USING POWER BI

Visuals in Power BI: Bar charts – Pie charts – Treemaps – Combination charts – Slicers – Map
visualizations – Matrixes and Tables – Scatter charts – Waterfall and funnel charts - Gauges and
single-number cards - Modifying visuals and reports: Modify colors in charts and visuals – Add
shapes, text boxes, and images to reports - Page layout and formatting - Other Data Visualization
features and options: Group interactions among multiple visualizations on the same report page -
Summarization and category options – Z-order - Visual hierarchies and drill-down

UNIT II: TELLING STORIES WITH DATA

Data Storytelling: Apply storytelling principles to business analytics - Improve business
analytics presentations through storytelling - Creating high-impact reports and presentations:
Guidelines and best practices

SUGGESTED READING:
1. Introducing Microsoft Power BI; Alberto Ferrari, Marco Russo; Microsoft Press
2. Introduction to Microsoft Power Bi: Bring Your Data to Life; M.O. Cuddley; Createspace
Independent Pub
3. Applied Microsoft Power BI: Bring your data to life; TeoLachev; Prologika Press
4. Business Analysis with Microsoft Excel and Power BI, 5th edition; Conrad G. Carlberg;
Pearson
5. Microsoft Power BI Dashboards Step by Step, Errin O'Connor, Microsoft Press
6. Storytelling with Data: A Data Visualization Guide for Business Professionals; Cole
NussbaumerKnaflic; Wiley

24
 Paper DSC 401: INCOME TAX

Objective: To acquire conceptual and legal knowledge about Income Tax provisions relating to
computation of Income from different heads with reference to an Individual Assessee.

UNIT–I: INTRODUCTION:
Direct and Indirect Taxes – Canons of Taxation - Features and History of Income Tax in India –
Definitions and Basic Concepts of Income Tax: Assessee – Deemed Assessee – Assessee-in-default –
Assessment Year – Previous Year - Income Tax general rule and Exemptions to the Rule– Person –
Income – Gross Total Income – Total Income –– Incomes Exempt from Tax. Residential Status and
Scope of Total Income: Meaning of Residential Status – Conditions applicable to an Individual
Assessee – Incidence of Tax – Types of Incomes – Problems on computation of Total Income of an
Individual based on Residential Status.

UNIT-II: AGRICULTURAL INCOME:

Introduction – Definition – Tests to determine Agricultural Income – Partly Agricultural and partly
Non-Agricultural Income – Integration: conditions – provisions – computation of Tax on Integration
process. Heads of income: Gross Total Income – Taxable Income – Income Tax Rates.

UNIT–III: INCOME FROM SALARIES:

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

UNIT–IV: INCOME FROM HOUSE PROPERTY:

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

UNIT–V: PROFITS AND GAINS OF BUSINESS OR PROFESSION:

Definition of ‘Business and Profession’ – Procedure for computation of Income from Business –
Rules – Revenue and Capital nature of Incomes and Expenses – Allowable Expenses u/s. 30 to 37 –
Expenses expressly disallowed – Deemed Profits – Valuation of Stock – Miscellaneous provisions
u/s 44. Depreciation: Meaning – Conditions for charge of depreciation – Assets used for Business –
Block of Assets – Rates of Depreciation – Miscellaneous Provisions about depreciation –
Computation of Depreciation –problems on computation of Income from Business.Income from
Profession: Rules– procedure – problems on computation of Income from Profession.

SUGGESTED READINGS:
1. Income Tax Law and Practice: V.P. Gaur & D.B Narang, Kalyani Publishers.
2. Taxation: Dr. M.N. Ravi, PBP.
3. Direct Taxes Law & Practice: Dr.Vinod K. Singhania&Dr.KapilSinghania, Taxmann
4. Income Tax: B.B. Lal, Pearson Education.
5. Taxation: R.G. Saha, Himalaya Publishing House Pvt. Ltd.
6. Income Tax: Johar, McGrawHill Education.
7. Taxation Law and Practice: Balachandran&Thothadri, PHI Learning.

25
 Paper DSC 401: EXCEL FOUNDATION

Objective: Students will learn how to start working with M S Excel right from basics to Tables,
Templates and Printing of their work.

UNIT-I: INTRODUCTIONTO EXCEL:

Workbooks and Worksheets, Moving Around a Worksheet, Ribbon tabs, Types of commands on
the Ribbon, Using Shortcut Menus, Working with Dialogue Boxes, Task Panes, Getting started
on your worksheet, Creating a chart, Printing your worksheet, Saving your worksheet, Exploring
Data Types, Modifying Cell Contents, Deleting, Replacing, Editing of a cell. Some handy data
entry techniques, Number Formatting.

UNIT-II: WORKSHEET OPERATIONS:

Moving and resizing windows, Switching among windows, Activating a worksheet, Adding,
Deleting a worksheet, Changing a sheet tab color, Rearranging your worksheets, Hiding, un-
hiding a worksheet, Worksheet View, Comparing sheets side by side, Selecting ranges, complete
rows and columns, noncontiguous ranges, multi-sheet ranges, special types of cells. Copying or
Moving Ranges. Paste Special dialogue box, Adding comments to cells.

UNIT-III: TABLES AND FORMATTING:

Creating a Table, Changing the Look of a Table, Navigating in a Table, Selecting parts of a
Table, Adding, Deleting new rows or columns, Moving a Table, Working with the Total Row,
Removing duplicate rows from a table. Sorting and filtering a table, Converting Table into
Range. Formatting tools on the Home tab, Mini Toolbar, Fonts, Text Alignment, Wrapping text
to fit a cell, Colors and Shading, Borders and Lines.Naming Styles.

UNIT–IV: EXCEL FILES & TEMPLATES:

Creating a New Workbook, Filtering filenames, Saving and Auto Recovery, Password-Protecting
a Workbook, Recovering unsaved work, Protect Workbook options, Checking Compatibility.
Creating a Excel Templates, Modifying a template, Custom Excel Templates, Default Templates,
Editing your Template, Resetting the default workbook, Saving your Custom Templates, Getting
ideas for creating Templates.

UNIT–V: PRINTING YOUR WORK:Normal, Page Layout, Page Break View, Choosing your
printer, Specifying what you want to print, Changing Page Orientation, Specifying paper size,
Adjusting page margins, Inserting a page break, Removing manual page breaks, Printing Row
and Column Titles, Scaling printed output, Header or Footer Options, Preventing certain cells,
Objects from being printed, Creating Custom Views of your Worksheet. Creating PDF files.
Introducing Excel:
SUGGESTED READINGS:

1. Excel 2013 Bible: John Walkenbach, Wiley.

2. Microsoft Excel 2013: Data Analysis and Business Modeling: Winston, PHI
3. Excel Data Analysis - Modeling and Simulation: Hector Guerrero, Springer.
4. Excel Functions and Formulas: Bernd Held,BPB Publications.
5. Financial Analysis and Modeling using Excel and VBA: ChandanSengupta, Wiley

26
 Paper DSC 402: BUSINESS STATISTCS - II

OBJECTIVE: To inculcate analytical and computational ability among the students.

UNIT-I: REGRESSION:
Introduction - Linear and Non Linear Regression – Correlation Vs. Regression - Lines of
Regression - Derivation of Line of Regression of Y on X - Line of Regression of X on Y - Using
Regression Lines for Prediction.

UNIT-II: INDEX NUMBERS:

Introduction - Uses - Types - Problems in the Construction of Index Numbers - Methods of
Constructing Index Numbers - Simple and Weighted Index Number (Laspeyre - Paasche,
Marshall – Edgeworth) - Tests of Consistency of Index Number: Unit Test - Time Reversal Test
- Factor Reversal Test - Circular Test - Base Shifting - Splicing and Deflating of Index
Numbers.

UNIT-III: TIME SERIES:

Introduction - Components – Methods-Semi Averages - Moving Averages – Least Square
Method - Deseasonalisation of Data – Uses and Limitations of Time Series.

UNIT-IV: PROBABILITY:
Probability – Meaning - Experiment – Event - Mutually Exclusive Events - Collectively
Exhaustive Events - Independent Events - Simple and Compound Events - Basics of Set Theory
– Permutation – Combination - Approaches to Probability: Classical – Empirical – Subjective -
Axiomatic - Theorems of Probability: Addition – Multiplication - Baye’s Theorem.

UNIT-V: THEORITECAL DISTRIBUTIONS:

Binomial Distribution: Importance – Conditions – Constants - Fitting of Binomial Distribution.
Poisson Distribution: – Importance – Conditions – Constants - Fitting of Poisson Distribution.
Normal Distribution: – Importance - Central Limit Theorem - Characteristics – Fitting a Normal
Distribution (Areas Method Only).

SUGGESTED READINGS:
1. Statistics for Management: Levin & Rubin, Pearson,
2. Fundamentals of Statistics: Gupta S.C, Himalaya
3. Business Statistics: Theory & Application, P. N. Jani, PHI Learning
4. Business Statics – II: Dr. OBul Reddy, Dr. D. Shridevi - PBP
5. Business Statistics: Dr. J. K. Thukral, Taxmann Publications
6. Business Statistics: K. Alagar, Tata McGraw Hill
7. Fundamentals of Statistical: S. P Gupta , Sultan Chand
8. Business Statistics: J. K. Sharma,Vikas Publishers
9. Business Statistics: Vora, Tata McGraw Hill
10. Statistics-Problems and Solutions: Kapoor V.K, S. Chand
11. Statistics-Teory, Methods and Applications: SanchetiD.C. &Kapoor V.K
12. Business Statistics: S. K. Chakravarty, New Age International Publishers
13. Business Statistics-G.Laxman,Vasudeva Reddy, K.Goud, TaxmannPublications,Hyderabad.

27
 Paper DSC 403: CORPORATE ACCOUNTING

Objective: To acquire knowledge of AS-14 and preparation of accounts of banking andinsurance

companies.

UNIT-I: COMPANY LIQUIDATION:

Meaning – Modes - Contributory Preferential Payments – Statements of Affairs - Liquidator’s
Remuneration - Preparation of Liquidator’s Final Statement of Account (Including problems)

UNIT-II: AMALGAMATION (AS-14):

Amalgamation: In the nature of merger and purchase – Calculation of Purchase Consideration –
Accounting Treatment in the books of transferor and transferee companies. (Including problems)

UNIT-III: INTERNAL RECONSTRUCTION AND ACQUISITION OF BUSINESS:

Internal Reconstruction: Accounting treatment – Preparation of final statement after
reconstruction- Acquisition of business when new set of books are opened- Debtors and
Creditors taken over on behalf of vendors- When same set of books are continued(Including
problems)

UNIT-IV: ACCOUNTS OF BANKING COMPANIES:

Books and Registers maintained – Slip system of posting – Rebate on Bills Discounted – Non-
Performing Assets – Legal Provisions relating to final accounts - Final Accounts. (Including
problems)

UNIT-V: ACCOUNTS OF INSURANCECOMPANIES AND INSURANCE CLAIMS:

Introduction – Formats-Revenue Account–Net Revenue Account - Balance Sheet - Valuation
Balance Sheet – Net Surplus – General Insurance - Preparation of final accounts with special
reference to Fire and Marine Insurance - Insurance claims- Meaning – Loss of Stock and Assets
– Average Clause – Treatment of Abnormal Loss - Loss of Profit. (Including problems)

SUGGESTED READINGS:
1. Advanced Accountancy (Vol-II): S.N.Maheshwari&V.L.Maheswari, Vikas.
2. Accountancy–III: Tulasian, Tata McGraw Hill Co.
3. Advanced Accountancy: Arulanandam; Himalaya
4. Accountancy–III: S.P. Jain & K.L Narang, Kalyani Publishers
5. Advanced Accounting (Vol-II): Chandra Bose, PHI
6. Advanced Accountancy: Shukla and Grewal, S.Chand& Co
7. Advanced Accountancy: R.L.Gupta&Radhaswamy, Sultan Chand & Sons
8. Corporate Accounting: SakshiVasudeva, Himalaya.

28
 Paper GE: BUSINESS ECONOMICS

Objective:toacquire knowledge for application of economic principles and tools in

businesspractices.

UNIT-I: INTRODUCTION:
Business Economics: Meaning - Nature – Characteristics - Importance and Role - Micro &
Macro Economics - Scope - Objectives - Law of Diminishing marginal utility - Law of Equi-
marginal utility.

UNIT- II: DEMAND ANALYSIS:

Meaning – Function - Factors influencing Demand -Types of Demand -Demand Curve - Law
of Demand –Exceptions to the law of demand-Elasticity of Demand: Concept - Types of
elasticity of demand-price, income and cross Elasticity of Demand –measurement of
elasticity—arc and point methods—Importance of various Elasticity of Demand

UNIT-III: SUPPLY ANALYSIS:

Law of Supply - Factors influencing Supply - Market Equilibrium- Consumer Surplus -
Theory of Consumer behavior - Utility and indifference curve analysis.

UNIT–IV: PRODUCTION ANALYSIS:

Concept of Production –production function-Total Production - Marginal Production -
Average Production –returns to a factor- Law of Variable Proportions - Law of Returns to
Scale –Isocost– Isoquants - Economies and Dis-economies of Scale.

UNIT-V: COST AND REVENUEANALYSIS:

Theory of Cost - Concepts of Cost - Short run and Long run cost curves - Traditional and
Modern Approaches -Revenue Curves–relationship between total marginal and average
revenues- --Break Even Analysis—Meaning – Assumptions – Uses and Limitations.

SUGGESTED READINGS:

1. Business Economics: V. G. Mankar, Himalaya Publishing House

2. Managerial Economics: VanithAgrawal, Pearson Education
3. Business Economics: H. L. Ahuja, S. Chand & Co. Ltd.
4. Business Economics : R. K. Lekhi, Kalyani Publishers
5. Business Economics: D. M. Mithani, Himalaya Publishing House
6. Business Economics: P. N. Chopra, Kalyani Publishers
7. Essential of Business Economics: D. N. Dwivedi, Vikas Publishers
8. Managerial Economics: Varshney and Maheswari, Sultan Chand
9. Business Economics: P. K. Mehta, Tax Mann Publication.

29
 Paper DSE 501 (a) :COST ACCOUNTING

Objective: to make the students acquire the knowledge of cost accounting methods.

UNIT-I: INTRODUCTION:
Cost Accounting: Definition – Features – Objectives – Functions – Scope – Advantages and
Limitations - Essentials of a good cost accounting system- Difference between Cost Accounting
and Financial Accounting – Cost concepts – Cost Classification.

UNIT-II: MATERIAL:
Direct and Indirect Material cost – Inventory Control Techniques – Stock Levels – EOQ – ABC
Analysis – JIT-VED-FSND -Issue of Materials to Production – Pricing methods: FIFO-LIFO
with Base Stock and Simple and Weighted Average methods.

UNIT-III: LABOUR AND OVERHEADS:

Labour: Direct and Indirect Labour Cost – Methods of Payment of Wages (only Incentive Plans):
Halsey, Rowan, Taylor Piece Rate and Merrick Multiple Piece Rate Methods.
Overheads: Classification - Methods of Allocation - Apportionment and Absorption of
overheads.

UNIT-IV: UNIT AND JOB COSTING:

Unit Costing: Features - Cost Sheet – Tender and Estimated Cost Sheet.
Job Costing: Features - Objectives – Procedure - Preparation of Job Cost Sheet.

UNIT-V: CONTRACT AND PROCESS COSTING:

Contract Costing: Features – Advantages - Procedure of Contract Costing – Guidelines to Assess
profit on incomplete Contracts.
Process Costing: Meaning – Features – Preparation of Process Account – Normal and Abnormal
Losses.

SUGGESTED READINGS:

1.Cost Accounting: Jain and Narang, Kalyani

2. Cost Accounting: Srihari Krishna Rao, Himalaya
3. Cost and Management Accounting: PrashantaAthma, Himalaya
4. Cost Accounting: Dr. G. Yogeshweran, PBP.
4. Cost Accounting: Jawaharlal, Tata Mcgraw Hill
5. Cost Accounting: Theory and Practice: Banerjee, PHI
6. Introduction to Cost Accounting: Tulsian, S.Chand
7. Cost Accounting: Horngren, Pearson
8. Cost Accounting: Ravi M. Kishore, Tax Mann Publications.

30
 Paper DSE 501 (b) : FINANCIAL PLANNING & PERFORMANCE

COURSE OBJECTIVES:
1. Understand strategic planning, forecasting and budgeting, recall the models of strategic
planning, classify the forecasting techniques and demonstrate the budget.
2. Learn how to use a budget to prepare an annual profit plan, to analyze performance by
using flexible budgets and to compare actual results to planned results.
3. Understand the importance and use of standard cost systems, to propose performance
measures and discuss key performance indicators.
4. Gain insights into business intelligence, and data analytics and visualization.

UNIT I: STRATEGIC PLANNING:

Strategic planning: Analysis of external and internal factors affecting strategy - Long-term
mission and goals - Alignment of tactics with long-term strategic goals - Strategic planning
models and analytical techniques - Characteristics of successful strategic planning process -
Annual profit plan and supporting schedules: Operational budgets - Financial budgets - Capital
budgets - Top-level planning and analysis: Pro forma income - Financial statement projections -
Cash flow projections

UNIT II: BUDGETING AND FORECASTING:

Budgeting Concepts: Operations and performance goals - Characteristics of a successful budget
process - Resource allocation - Forecasting techniques: Regression analysis - Learning curve
analysis - Expected value - Budgeting Methodologies: Annual business plans (master budgets) -
Project budgeting - Activity-based budgeting - Zero-based budgeting - Continuous (rolling)
budgets - Flexible budgeting

UNIT III: COST AND VARIANCE ANALYSIS:

Cost and Variance Analysis: Comparison of actual to planned results - Use of flexible budgets to
analyze performance - Management by exception - Standard Cost System: Use of standard cost
systems - Analysis of variation from standard cost expectations

UNIT IV: PERFORMANCE MEASURES:

Performance Measures: Product profitability analysis - Business unit profitability analysis -
Customer profitability analysis - Return on investment - Residual income - Investment base
issues - Key performance indicators (KPIs) - Balanced scorecard - Responsibility Centers and
Reporting Segments: Types of responsibility centers - Transfer pricing - Reporting of
organizational segments

UNIT V: TECHNOLOGY AND ANALYTICS:

Information Systems: Accounting information systems - Enterprise resource planning systems -
Enterprise performance management systems - Data Governance: Data policies and procedures -
Life cycle of data - Controls against security breaches - Technology-enabled finance
transformation: System Development Life Cycle - Process automation - Innovative applications
Data analytics: Business intelligence - Data mining - Analytic tools - Data visualization

31
SUGGESTED READINGS:
1. Wiley CMAexcel Learning System, Part 1: Planning, Performance & Analytics
2. Strategic Management and Business Policy: Globalization, Innovation and Sustainability,
15th edition; Wheelen, Thomas L., et. al.; Prentice Hall
3. Cost Management: A Strategic Emphasis, 6th edition; Blocher, Edward, J., Stout, David
E., Juras, Paul E., and Cokins, Gary; McGraw Hill
4. Horngreen’s Cost Accounting: A Managerial Emphasis, 16th edition; Charles T., Datar,
Srikant, and Rajan, Madhav; Pearson
5. Quantitative Methods for Business, 13th Edition; Anderson, David, R., Sweeney, Dennis
J., Williams, Thomas A., Camm, Jeff, and Martin, R. Kipp; Cengage Learning
6. Management Accounting: An Integrative Approach; McNair-Connolly, C.J., Merchant,
Kenneth A.; IMA

32
 Paper DSE 501 (c) : FINANCIAL REPORTING -I

COURSE OBJECTIVES:
1. Achieve understanding of the financial accounting and reporting frameworks used by
business enterprises globally (including US GAAP and IFRS).
2. Achieve knowledge and skills required to apply the knowledge of accounting principles
(as per US GAAP and IFRS) in performing financial reporting and other tasks as public
accountants.
3. Achieve understanding of financial accounting and reporting (as per US GAAP and
IFRS) for current assets, current liabilities, financial investments, fixed assets, financial
liabilities and select transactions.

UNIT I: GENERAL PURPOSE OF FINANCIAL ACCOUNTING AND REPORTING AS

PER US GAAP AND IFRS:
Conceptual framework: Standard Setting Bodies & Hierarchy - Elements of F/S - Primary
objectives of financial reporting - Qualitative Characteristics of F/S - Fundamental Assumptions
& Principles - Accounting Cycle & Preparation of F/S - General-purpose financial statements:
Balance sheet - Income statement - Statement of comprehensive income - Statement of changes
in equity - Statement of changes cash flows - Public company reporting requirements: SEC
Reporting Requirements - Interim Financial Reporting - Segment Reporting - Revenue
recognition: 5-Step approach to Revenue Recognition - Certain Customer’s Rights & Obligations
- Specific Arrangements - Long Term Construction Contracts

UNIT II: CURRENT ASSETS AND CURRENT LIABILITIES (AS PER US GAAP AND
IFRS):
Monetary Current Assets & Current Liabilities: Cash & Cash Equivalents - Accounts Receivable
- Notes Receivable - Transfers & Servicing of Financial Assets - Accounts Payable - Employee-
related Expenses Payable - Inventory: Determining Inventory & Cost of Goods Sold - Inventory
Valuation - Inventory Estimation Methods

UNIT III: FINANCIAL INVESTMENTS AND FIXED ASSETS (AS PER US GAAP AND
IFRS):
Financial Investments: Investments in Equity Securities - Investment in Debt Securities -
Financial Instruments - Tangible Fixed Assets: Acquisition of Fixed Assets - Capitalization of
Interest - Costs Incurred After Acquisition - Depreciation - Impairment - Asset Retirement
Obligation - Disposal & Involuntary Conversions - Intangible Assets: Knowledge-based
intangibles (R&D, software) - Legal rights based intangibles (patent, copyright, trademark,
franchise, license, leasehold improvements) - Goodwill

UNIT IV: FINANCIAL LIABILITIES (AS PER US GAAP AND IFRS):

Bonds Payable: Types of Bonds - Convertible bonds vs. Bonds with detachable warrants - Bond
Retirement - Fair Value Option & Fair Value Election - Debt Restructuring: Settlement -
Modification of terms

UNIT V: SELECT TRANSACTIONS (AS PER US GAAP AND IFRS):

Fair value measurements: Valuation techniques - Fair value hierarchy - Fair value concepts
Accounting changes and error correction: Changes in accounting estimate - Changes in
accounting principle - Changes in reporting entity - Correction of an error - Contingencies:
Possibility of occurrence (remote, reasonably possible or probable) - Disclosure vs. Recognition
33
Derivatives and Hedge Accounting: Speculation (non-hedge) - Fair value hedge - Cash flow
hedge - Non-monetary exchanges: Exchanges with commercial substance - Exchanges without
commercial substance - Leases: Operating lease - Finance lease - Sale leaseback

SUGGESTED READINGS:
1. Miles CPA Review Concept Book: Financial Accounting & Reporting, Miles Education
2. Wiley CPA Excel Exam Review Course Study Guide: Financial Accounting and
Reporting, Wiley
3. IFRS & US GAAP Best Practices in Accounting World: GAAP Analysis, Rajesh
Dhawan
4. Transparency in Financial Reporting: A concise comparison of IFRS and US GAAP 1st
Edition, Ruth Ann McEwen, Harriman House Ltd.
5. IFRS and US GAAP: A Comprehensive Comparison, Steven E. Shamrock, Wiley
6. Wiley GAAP: Interpretation and Application of Generally Accepted Principles, Barry J.
Epstein and Ralph Nach, Wiley
7. IFRS Simplified with Practical Illustration Part 1 & 2, Mr RammohanBhave and Dr Mrs
Anjali RammohanBhave, CNBC TV 18

34
 Paper DSE 502 (a) :COMPUTERIZED ACCOUNTING

Objective: To make the students to acquire the knowledge of computer software

UNIT I: MAINTAINING CHART OF ACCOUNTS IN ERP:

Introduction-Getting Started with ERP - Mouse/Keyboard Conventions-Company Creation-Shut
a Company-Select a Company-Alter Company Details-Company Features and Configurations-
F11: Company Features-F12: Configuration-Chart of Accounts-Ledger-Group-Ledger Creation-
Single Ledger Creation-Multi Ledger Creation-Altering and Displaying Ledgers-Group
Creation-Single Group Creation-Multiple Group Creation-Displaying Groups and Ledgers-
Displaying Groups-Display of Ledgers-Deletion of Groups and Ledgers – P2P procure to page.

UNIT II: MAINTAINING STOCK KEEPING UNITS (SKU):

Introduction-Inventory Masters in ERP-Creating Inventory Masters-Creation of Stock Group-
Creation of Units of Measure-Creation of Stock Item-Creation of Godown-Defining of Stock
Opening Balance in ERP Stock Category-Reports.

UNIT III: RECORDING DAY-TO-DAY TRANSACTIONS IN ERP:

Introduction-Business Transactions-Source Document for Voucher-Recording Transactions in
ERP -Accounting Vouchers-Receipt Voucher (F6)-Contra Voucher (F4)-Payment Voucher (F5)-
Purchase Voucher (F9)-Sales Voucher (F8)-Debit Note Voucher-Credit Note (Ctrl+F8)-Journal
Voucher (F7).

UNIT IV: ACCOUNTS RECEIVABLE AND PAYABLE MANAGEMENT:

Introduction-Accounts Payables and Receivables-Maintaining Bill-wise Details-Activation of
Maintain Bill-wise Details Feature-New Reference-Against Reference-Advance-On Account-
Stock Category Report-Changing the Financial Year in ERP.

UNIT V: MIS REPORTS:

Introduction-Advantages of Management Information Systems-MIS Reports in ERP-Trial
Balance-Balance Sheet-Profit and Loss Account-Cash Flow Statement-Ratio Analysis-Books
and Reports-Day Book-Receipts and Payments-Purchase Register-Sales Register-Bills
Receivable and Bills Payable.

SUGGESTED READINGS:

1. Computerised Accounting: GarimaAgarwal, Himalaya

2. Computerised Accounting: A. Murali Krishna, Vaagdevi publications
3. Computerised Accounting: Dr. G. Yogeshweran, PBP.
4. Aakash Business Tools: Spoken Tutorial Project IIT Bombay
5. Mastering Tally: Dinesh Maidasani, Firewal Media
6. Implementing Tally ERP 9: A.K Nadhani and K.K Nadhani, BPB Publications
7. Computerised Accounting and Business Systems: Kalyani Publications
8. Manuals of Respective Accounting Packages
9. Tally ERP 9: J.S. Arora, Kalyani Publications.

35
 Paper DSE 502 (b) : FINANCIAL DECISION MAKING - I

COURSE OBJECTIVES:
1. Learn how to analyze financial statements
2. Understand working capital management, raising capital and long term financial
management
3. Gain insights into corporate restructuring and international finance.

UNIT I: FINANCIAL STATEMENT ANALYSIS

Basic Financial Statement Analysis: Common size financial statements - Common base year
financial statements - Financial Ratios: Liquidity - Leverage - Activity - Profitability - Market
Profitability analysis: Income measurement analysis - Revenue analysis - Cost of sales analysis -
Expense analysis - Variation analysis - Special issues: Impact of foreign operations - Effects of
changing prices and inflation - Off-balance sheet financing - Impact of changes in accounting
treatment - Accounting and economic concepts of value and income - Earnings quality

UNIT II: FINANCIAL MANAGEMENT

Risk & Return: Calculating return - Types of risk - Relationship between risk and return
Long-term Financial Management: Term structure of interest rates - Types of financial
instruments - Cost of capital - Valuation of financial instruments

UNIT III: RAISING CAPITAL

Raising Capital:Financial markets and regulation - Market efficiency - Financial institutions -
Initial and secondarypublic offerings - Dividend policy and share repurchases - Lease financing

UNIT IV: WORKING CAPITAL MANAGEMENT

Managing working capital: Cash management - Marketable securitiesmanagement - Accounts
receivable management - Inventory management - Short-term Credit: Types of short-term credit
- Short-term credit management

UNIT V: CORPORATE RESTRUCTURING AND INTERNATIONAL FINANCE

Corporate Restructuring: Mergers and acquisitions - Bankruptcy - Other forms of restructuring
International Finance: Fixed, flexible, and floating exchange rates - Managing transaction
exposure - Financinginternational trade - Tax implications of transfer pricing

SUGGESTED READINGS:
1. Wiley CMAexcel Learning System, Part 2: Strategic Financial Management
2. Interpretation and Application of International Financial Reporting Standards;
Mackenzie, Bruce, Coetsee, Danie, Njikizana, Tapiwa, Chamboko, Raymond, Colyvas,
Blaise,andHanekom, Brandon; Wiley
3. Financial Reporting & Analysis, 13th edition; Gibson, Charles H.; South-Western
Cengage Learning
4. Financial Statement Analysis, 10th edition; Subramanyam, K.R., and Wild, John L.;
McGraw Hill
5. Principles of Corporate Finance, 11th edition; Brealey, Richard, A., Myers, Stewart C.,
and Allen, Franklin; McGraw Hill
6. Fundamentals of Financial Management, 13th edition; Van Horn, James, C., and
Wachowicz, John M. Jr.; FT / Prentice Hall

36
 Paper DSE 502 (c) :INTERNATIONAL TAX & REGULATION
COURSE OBJECTIVES:
1. Achieve understanding of the concepts relating to US federal income taxation.
2. Achieve knowledge of US federal income taxation for individuals as well as business
entities, and skills that a public accountant must demonstrate when performing tax
preparation services.
3. Achieve understanding of US statutory laws and regulations applicable to business
entities.
UNIT I: TAXATION OF INDIVIDUALS:
Individual Income Tax Return: Filing Status - Cash basis and Accrual basis
Gross Income: Wages, Salaries, Bonus, Commission, Fees & Tips - Interest & Dividend Income
- Business Income - Capital Gains & Losses - Passive Income - Farming Income - Deductions:
Adjustments - Deductions from AGI - Calculating Tax: Tax Credits - Alternative Minimum
Taxes - Other Taxes - Estimated Tax penalty

UNIT II: PROPERTY TRANSACTIONS & DEPRECIATION:

Capital Gains & Losses - Gains & Losses from Sale of Long-term Business Property -
Depreciation & Amortization

UNIT III: TAXATION OF CORPORATIONS:

C-Corporations:Formation - Income Tax Return - Income - Deductions - Reconciliation of
Taxable Income with books - Calculating Tax - Corporate Earnings & Distributions - Corporate
Liquidation & Reorganizations - S-Corporations: Eligibility criteria - Income Tax Return -
Shareholder basis - Earnings and Distribution - Termination of Election

UNIT IV: TAXATION OF OTHER ENTITIES:

Partnerships: Formation - Income Tax Return - Partner basis - Partnership Distributions - Sale of
Partnership Interest by a Partner - Termination of Partnership - Estate, Trust & Gift Taxation:
Estate and Trust Fiduciary Income Tax Return - Estate Tax Return - Gift Tax Return -
Generation-skipping transfer Tax - Tax Exempt Organizations: Formation - Income Tax Return

UNIT V: STATUTORY REGULATIONS, ACCOUNTANT RESPONSIBILITIES,

BUSINESS STRUCTURES:
Federal Security Regulations: Securities Act of 1933 - Securities Exchange Act of 1934 - Other
federal security regulations - Professional & Legal Responsibilities: Accountant Common Law
Liabilities - Accountant Statutory Liabilities - Accountant Liabilities for Privileged Information -
Accountant Criminal Liabilities - Employment Regulations - Environmental Regulations -
Antitrust Regulations - Business Structures: Sole Proprietorships - Partnerships - Corporations
SUGGESTED READINGS:
1. Miles CPA Review Concept Book: Regulation, Miles Education
2. Wiley CPA Excel Exam Review Course Study Guide: Regulation, Wiley
3. Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes, CCH Tax
Law Editors
4. Federal Income Tax: Code and Regulations--Selected Sections, Martin B. Dickinson,
Wolters Kluwer
5. Federal Income Taxation by Katherine Pratt and Thomas D. Griffith, Wolters Kluwer
6. Federal Income Taxation (Concepts and Insights), Marvin Chirelstein and Lawrence
Zelenak, Foundation Press

37
 Paper DSE 503 (a) :AUDITING

Objective:to understand meaning and elements of auditing and gain knowledge for execution of
audit.

UNIT-I: INTRODUCTION:
Auditing: Meaning – Definition – Evolution – Objectives – Importance -Types of Audit –
Standards of Auditing – Procedure for issue of standards by AASB.

UNIT–II: AUDITOR AND EXECUTION OF AUDIT:

Appointment – Qualification and Disqualification – Qualities – Remuneration – Removal –
Rights – Duties – Civil and Criminal Liabilities of Auditors – Commencement of Audit –
Engagement Letter – Audit Program – Audit Note Book – Audit Workbook – Audit Markings.

UNIT–III: INTERNAL CONTROL, INTERNAL CHECK AND INTERNAL AUDIT:

Meaning and Objectives of Internal Control – Internal Check and Internal Audit – Internal Check
Vs.Internal Audit – Internal Control vs.Internal Audit.

UNIT–IV: VOUCHING:
Meaning – Objectives – Types of Vouchers – Vouching of Trading Transactions – Vouching
Cash Transaction – Auditing in an EDP Environment.

UNIT–V: VERIFICATION AND VALUATION OF ASSETS:

Meaning and Definition – Distinction – Verification and Valuation of various Assets
andLiabilities – Audit Committee – Role of Audit Committee – Audit Reports.

SUGGESTED READINGS:

1. Principles and Practice of Auditing: RG Saxena, Himalaya Publishing House.

2. Auditing and Assurance for CA Integrated Professional Competence: SK Basu, Pearson.
3. Auditing : Mahitha HPH
4. Auditing: Dr.Nazia Sultana, PBP.
5. Auditing: ArunaJha, Taxmann Publications.
6. Auditing Principles, Practices & Problems: JagdishPrakash, Kalyani Publishers.
7. Auditing and Assurance: Ainapure&Ainapure, PHI Learning.
8. Principles and Practice of Auditing: DinkarPagare, Sultan Chand & Sons.
9. Fundamentals of Auditing: Kamal Gupta andAshok Arora, Tata McGraw-Hill
10. A Hand Book of Practical Auditing: B.N. Tandonetal., S. Chand.

38
 Paper DSE 503 (b) :ADVANCED CORPORATE ACCOUNTING

Objective: to gain knowledge of AS-19 &21 and format accounts.

UNIT-I: HOLDING COMPANIES (AS-21):

Nature – Legal requirements – Capital and Revenue Profit/Reserves/Losses – Minority Interest –
Cost of Control or Goodwill – Capital Reserve – Inter Company Transactions – Un-realized
Profit on Unsold stock - Revaluation of Assets – Interim Dividend by Subsidiary Companies -
Debentures in Subsidiary Companies – Consolidated Balance Sheet.

UNIT-II:ELECTRICITY COMPANIES (DOUBLE ACCOUNTING SYSTEM):

Meaning of Double Account System – Final Accounts - Calculation of Reasonable Return and
Disposal of Surplus – Replacement of an Asset.

UNIT-III: ACCOUNTING FOR PRICE LEVEL CHANGES:

Introduction – History – Limitations – Profit measurement under different systems of accounting
– Methods of Accounting for Price Level Changes: Current Purchasing Power (CPP) – Current
Cost Accounting (CCA).

UNIT-IV: LEASE ACCOUNTS (AS-19):

Meaning – Terminology – Advantages and Disadvantages – Types: Financial and Operating
Lease – Accounting Treatment in the books of both the parties.

UNIT-V: HUMAN RESOURCE ACCOUNTING & SOCIAL RESPONSIBILITY ACCOUNTING:

Human Resource Accounting: Definition – Objectives – Assumptions – Advantages and
Limitations – Approaches - Human resource accounting in India (Theory only).
Social Responsibility Accounting: Meaning – Nature – Need – Objectives – Accounting
Concepts – Indicators of Social Performance (Theory only).

SUGGESTED READINGS:

1. Corporate Accounting: R.L.Gupta, M.RadhaSwamy, Sultan Chand

2. Advanced Carporate Accounting: Srilatha Reddy, Himalaya
3. Advanced Carporate Accounting: Dr. Thangapandi, PBP
3. Advanced Accounting: Tulsania, TataMcGraw-hill Publishing Company
4. Corporate Accounting: Jain &Narang, KalyaniPublications
5. Advanced Accounting: S.M.Shukla,SahityaBhavan
6. Corporate Accounting: PrashantaAthma, Himalaya Publishers.
7.Advanced Accounting (Vol.II): Chandra Bose, PHI

39
 Paper DSE 503 (c) :FINANCIAL MANAGEMENT

Objective: to understand basics in Financial Management.

UNIT–I: INTRODUCTION:
Financial Management: Meaning - Nature and Scope – Importance - Objectives - Profit
Maximization vs Wealth Maximization – Traditional Functions of Finance Manager – Changing
Role of Finance Manager – Relationship between Financial Management and Other Management
Areas (Theory).

UNIT–II: FINANCIAL PLANNING:

Sources of Finance - Financial Planning: Meaning and Definition – Objectives – Characteristics
– Process – Factors - Limitations (Theory).

UNIT–III: CAPITALIZATION:
Meaning of Capital and Capitalization – Sources of Capital - Theories of Capitalization – Over
Capitalization: Meaning -Causes – Consequences - Remedies - Under Capitalization: Meaning –
Causes – Consequences - Remedies - Comparison of Under and Over Capitalization – Watered
Stock (Theory).

UNIT–IV: COST OF CAPITAL:

Meaning and Definition – Significance – Classification of Costs – Problems in Determination of
Cost of Capital – Cost of Debt - Cost of Perpetual and Redeemable Debt - Cost of Preference
Capital - Cost of Equity Capital – Cost of retained earnings-Weighted Average Cost of Capital
(Simple Problems).

UNIT–V: CAPITAL STRUCTURE:

Meaning – Importance – Factors – Types – Optimal Capital Structure – Theories of Capital
Structure: Net Income Approach - Net Operating Income Approach - Traditional Approach -
Modigliani and Miller Approach (Simple Problems).

SUGGESTED READINGS:

1. Financial Management: I MPandey, Vikas Publishing House Pvt Ltd.

2. Financial Management:M.Y. Khan & P.K. Jain, Tata McGraw-Hill
3. Financial Management:Shashi K. Gupta & R.K. Sharma, Kalyani Publishers,
4. Financial Management: R.M. Srivastava, Himalaya Publishing House, Hyderabad.
5. Financial Management:Prasanna Chandra,McGraw Hill
6. Financial Management: Kothari, sage
7. Financial Management: Rustagi, Taxman Publications.
8. Fundamentals of Financial Management: Sharan,Pearson.
9. Financial Management: Tulsian, S. Chand.
10. Financial Management: Satish B Mathur, Trinity Press.
11. Fundamentals of Financial Management: D.Chandra Bose, PHI.

40
 Paper PR :RESEARCH METHODOLOGY & PROJECT REPORT

Objective: to introduce the basics of conducting research in social sciences.

UNIT-I: INTRODUCTION, MEASUREMENT AND HYPOTHESIS TESTING:

Meaning of Research-Steps involved- Identification of Problem- Steps involved in the selection
of problem-Research Design-Meaning and Types- Measurement Levels/Scales - Scaling
Techniques-Hypothesis-Meaning - Types – TestingProcedure.

UNIT-II:PARAMETRIC AND NON PARAMETRIC TESTS AND RESEARCH

REPORT:
Introduction - t- Test - F- Test - Chi Square Test -Anova (One Way Anova, Two Way
Anova).concepts onlyContents of a Research Report.

SUGGESTED READINGS:

1. Research Methodology: Himalaya Publications.

2. Methodology of Research in Social Sciences: Krishna Swamy,
3. Research Methodology: Kothari &Garg, New Age Publication
4. Research Methodology: Paneerselvam R, PHI
5. Research Methodology: Dr Vijay Upagade& Dr ArvindShende, S. Chand Publications
6. Research Methodology: Ranjit Kumar, Pearson Publication
7. Reading in Research Methodology in Commerce & Business Management: Achalapathi KV,
8. Research Methodology: Sashi.K Gupta, PraneethRangi, Kalyani Publishers.

41
 GUIDELINES FOR PROJECT WORK

1) Project work is a part of the prescribed curriculum to B. Com students.

2) Project work is allotted to a group of 4 students.
3) During the IV semester, students are expected to undergo internship at a business firm/
Government Department /Software organization/Voluntary organization as per the guidance
of teacher concerned.
4) Students should get a certificate from the organization.
5) At the end of Semester-VI, the project reports would be evaluated by the external examiner
designated by the Controller of Examinations, from the panel submitted by the Board of
Studies in Commerce. The Examiner would evaluate the project reports for a maximum of 35
marks and conduct Viva-Voce examination for 15 marks. The award lists duly signed would
be sent the Controller of Examinations.
6) Examiners will examine the following in the project report: i) Survey/Analysis on the topic
chosen; ii) Method of data collection; iii) Presentation: Style, Comprehensiveness, graphs,
charts etc.; iv) Analysis and inference and implications of the study; v) Bibliography.
7) Students must ensure that they maintain regular contact with their supervisor and also that
they provide the supervisor with drafts of their work at regular intervals.
8) Studentsare required to submit a project report on a topic related/connected with trade,
industry & commerce. Project can be done by taking the information from the select
organization focusing on areas like marketing, finance, human resource, operations, general
management etc.
9) Project should be a practical, in-depth study of a problem, issue, opportunity, technique or
procedure or some combination of these aspects of business. The Students are required to
define an area of investigation, assemble relevant data, analyse the data, draw conclusions and
make recommendations.

42
 ORGANISATION OF PROJECT REPORT

1) Project report should be presented in the following sequence:

i) Title page; ii) Student’s declaration; iii) Supervisor’s certificate; iv) Internship certificate; v)
Abstract; vi) Acknowledgements; vii) Table of contents; viii) List of tables; ix) List of figures; x)
List of appendices.

2) Chapter Design should be as follows:

Chapter-I: Introduction:this chapter includes the research problem, need for study/significance
of the project, objectives, methodology (hypotheses, statistical tools, data source, scope, sample,
chapter design).
Chapter-II:Company Profile: this chapter should contain a brief historical retrospect about the
entity of your study.
Chapter-III: Data Analysis and interpretation: this chapter should present the data analysis
and inferences.
Chapter-IV: Summary and Conclusions: This Chapter should give an overview of the project,
conclusions, implications, recommendations and scope for further research.
Bibliography: lists the books, articles, and websites that are referred and used for research on
the topic of the specific project. Follow harvard style of referencing.
Appendices: the data, used to prepare the tables for analaysis, may not be feasible to incorporate
as part of chapters, may given as apeendices.

TECHNICAL SPECIFICATIONS OF THE PROJECT

1) Project should be typed on A4 white paper, and be 1.5 spaced.

2) All pages should be numbered, and numbers should be placed at the center of the bottom of
the page.
3) All tables, figures and appendices should be consecutively numbered or lettered, and
suitably labeled.
4) 3 bound copies&a soft-copy should be handed in to the principal/director of your
college/institute at the time of submission.
5) bibliography and referencing: Referencing is necessary to avoid plagiarism, to verify
quotations and to enable readers to follow-up and read more fully the cited author’s
arguments. Reference is given within the text of the project as well as at the end of the
project. The basic difference between citation and a reference list (bibliography) is that the
latter contains full details of all the in-text citations.
 Citation provides brief details of the author and date of publication for referencing the
work in the body of the text.
 Reference list is given at the end of the text and is a list of all references used with
additional details provided to help identify each source.
Proper referencing is as crucial aspect of your project. You are therefore strongly advised to talk
to your supervisor about this, in order to make sure that your project report follows the
appropriate referencing system.

43
 Paper DSE 601 (a) : COST CONTROL AND MANAGEMENT
ACCOUNTING

Objective: to be acquaint with Cost Control techniques, Managerial Accounting decision-making

techniques and reporting methods.

UNIT-I: INTRODUCTION TO MANAGEMENT ACCOUNTING &MARGINAL

COSTING:
Meaning and Importance of Management Accounting – Marginal Cost Equation – Difference
between Marginal Costing and Absorption Costing – Application of Marginal Costing – CVP
Analysis – Break Even Analysis: Meaning – Assumptions – Importance - Limitations. Marginal
Costing for Decision Making-Make or Buy – Add or Drop Products – Sell or Process Further –
Operate or Shut-down – Special Order Pricing – Replace or Retain.

UNIT-II: BUDGETARY CONTROL AND STANDARD COSTING:

Budget: Meaning – Objectives – Advantages and Limitations – Essentials of Budgets -
Budgetary Control - Classification of Budgets - Preparation of Fixed and Flexible Budgets.
Standard Costing: Meaning – Importance – Standard Costing and Historical Costing - Steps
involved in Standard Costing. Variance Analysis: Material variance - Labour variance -
Overhead variance .

UNIT-III: TECHNIQUES OF FINANICAL STATEMENT ANALYSIS:

Meaning – Objectives - Techniques: Comparative Statement, Common Size Statement, Trend
Analysis. Ratios- Meaning , Objectives and Classification—Computation of Activity, Liquidity,
Solvency and Profitability Ratios.

UNIT-IV: FUNDS FLOW ANANLYSIS:

Concept of Funds – Meaning and Importance – Limitations – Statement of Changes in Working
Capital – Statement of Sources and Application of Funds.

UNIT-V: CASH FLOW ANALYSIS (AS-3):

Meaning – Importance – Differences between Funds Flow and Cash Flow Statements –
Procedure for preparation of Cash Flow Statement.

SUGGESTED READINGS:

1. Management Accounting- Principles & Practice: Sharma RK &Shashi K. Gupta, Kalyani

2. Advanced Managerial Accounting: Srihari Krishna Rao, Himalaya
3. Advanced Managerial Accounting: Dr. Sundaram, PBP
3. Advanced Management Accounting: Robert S. Kaplan & Anthony A. Atkinson, Prentice-Hall
4. Management Accounting: Rustagi R.P, Galgotia
5. Managerial Accounting: Ronald W. Hilton, TMH

44
 Paper DSE 601 (b) : FINANCIAL CONTROL

COURSE OBJECTIVES:
1. Review financial accounting and reporting as per US GAAP and IFRS.
2. Understand financial control including cost management and internal controls.
3. Gain insights into supply chain management and business process improvement.
UNIT I: EXTERNAL FINANCIAL REPORTING DECISIONS (AS PER US GAAP &
IFRS):
Financial Statements: Balance sheet - Income statement - Statement of Comprehensive Income -
Statement of changes in equity - Statement of cash flows - Integrated reporting
UNIT II: RECOGNITION, MEASUREMENT, VALUATION, AND DISCLOSURE (AS
PER US GAAP & IFRS) :
Assets, Liabilities & Equity: Asset valuation - Valuation of liabilities - Equity transactions -
Income: Revenue recognition - Income measurement - Major differences between U.S. GAAP
and IFRS
UNIT III: COST MANAGEMENT:
Measurement concepts: Cost behavior and cost objects - Actual and normal costs - Standard
costs - Absorption (full) costing - Variable (direct) costing - Joint and by-product costing -
Costing Systems: Joint and by-product costing - Job order costing - Process costing - Activity-
based costing - Life-cycle costing -Overhead costs: Fixed and variable overhead expenses -
Plant-wide versus departmental overhead -Determination of allocation base - Allocation of
service department costs
UNIT IV: SUPPLY CHAIN MANAGEMENT AND BUSINESS PROCESS
IMPROVEMENT:
Supply chain management: Lean resource management techniques - Enterprise resource
planning (ERP) - Theory of constraints - Capacity management and analysis - Business Process
Improvement: Value chain analysis - Value-added concepts - Process analysis, redesign, and
standardization - Activity-based management - Continuous improvement concepts - Best
practice analysis - Cost of quality analysis - Efficient accounting processes
UNIT V: INTERNAL CONTROLS:
Governance, Risk & Compliance: Internal control structure and management philosophy -
Internal control policies for safeguarding and assurance - Internal control risk - Corporate
governance - External audit requirements - System Controls & Security Measures: General
accounting system controls - Application and transactioncontrols - Network controls - Backup
controls - Business continuity planning
SUGGESTED READINGS:
1. Wiley CMAexcel Learning System, Part 1: Planning, Performance & Analytics
2. Intermediate Accounting, 17th edition; Kieso, Donald E., Weygandt, Jerry J., and
Warfield, Terry D.; Wiley
3. Intermediate Accounting, 11th edition; Nikolai, Loren A., Bazley John D., and Jones,
Jefferson P., South-Western Cengage Learning
4. Cost Management: A Strategic Emphasis, 6th edition; Blocher, Edward, J., Stout, David
E., Juras, Paul E., and Cokins, Gary; McGraw Hill
5. Horngreen’s Cost Accounting: A Managerial Emphasis, 16th edition; Charles T., Datar,
Srikant, and Rajan, Madhav; Pearson
6. Management Accounting: An Integrative Approach; McNair-Connolly, C.J., Merchant,
Kenneth A.; IMA
Paper DSE 601(c) : FINANCIAL REPORTING - II
45
COURSE OBJECTIVES:
1. Achieve understanding of the financial accounting and reporting frameworks used by
business enterprises globally (including US GAAP and IFRS).
2. Achieve knowledge and skills required to apply the knowledge of accounting principles
(as per US GAAP and IFRS) in performing financial reporting and other tasks as public
accountants.
3. Achieve understanding of financial accounting and reporting (as per US GAAP and
IFRS) for pensions, deferred taxes, equity and select transactions.
4. Gain insights into financial accounting and reporting (as per US GAAP) by Not-for-profit
and Governmental entities.

UNIT I: PENSIONS & POST-EMPLOYMENT BENEFITS (AS PER US GAAP & IFRS):
Defined contribution pension plans - Defined benefit pension plans: Pension obligations -
Pension plan assets - Net pension expense - Other Post-retirement benefits
UNIT II: INCOME TAXES (AS PER US GAAP & IFRS):
Income tax expense: Current income tax expense - Deferred income tax expense - Deferred taxes
on balance sheet: Deferred tax assets - Deferred tax liabilities - Specific accounting -
considerations: Net Operating Losses (NOL) - Investee’s undistributed dividends
UNIT III: EQUITY (AS PER US GAAP & IFRS):
Equity accounts: Common Stock - Preferred Stock - Additional Paid-In Capital - Retained
Earnings - Accumulated Other Comprehensive Income - Treasury Stock - Specific accounting
considerations: Share-based Payments to Employees - Equity Securities Classified as Debt
Presentation of Equity: On Balance sheet - On Statement of Changes in Equity - Earnings per
Share (EPS): Basic EPS - Diluted EPS
UNIT IV: SELECT TRANSACTIONS (AS PER US GAAP & IFRS):
Business Combinations and Consolidations: Acquisitions - Non-controlling Interest -
Intercompany Transactions - Variable Interest Entities (VIE) - Foreign currency: Remeasurement
- Translation
UNIT V: NOT-FOR-PROFIT AND GOVERNMENTAL ACCOUNTING AND
REPORTING (AS PER US GAAP):
Not-for-Profit (NFP) Entities: NFP Financial Statements - Contribution Revenue - Specific
Accounting Considerations - Colleges and Universities - Voluntary Health and Welfare
Organizations - Health Care Organizations - Governmental Entities: Fund types (Governmental
funds, Proprietary funds, Fiduciary funds) - Modified Accrual Accounting - Inter-fund
transactions - Government Financial Reporting
SUGGESTED READINGS:
1. Miles CPA Review Concept Book: Financial Accounting & Reporting, Miles Education
2. Wiley CPA Excel Exam Review Course Study Guide: Financial Accounting and
Reporting, Wiley
3. IFRS & US GAAP Best Practices in Accounting World: GAAP Analysis, Rajesh
Dhawan
4. Transparency in Financial Reporting: A concise comparison of IFRS and US GAAP 1st
Edition, Ruth Ann McEwen, Harriman House Ltd.
5. IFRS and US GAAP: A Comprehensive Comparison, Steven E. Shamrock, Wiley
6. Wiley GAAP: Interpretation and Application of Generally Accepted Principles, Barry J.
Epstein and Ralph Nach, Wiley
7. IFRS Simplified with Practical Illustration Part 1 & 2, Mr RammohanBhave and Dr Mrs
Anjali RammohanBhave, CNBC TV 18
Paper DSE 602(a) :THEORY AND PRACTICE OF GST
46
Objective: To equipment the students with the knowledge regarding Theory and Practice of GST
UNIT I: INTRODUCTION TO GST:
Introduction – GST - Taxes Subsumed under GST -Determination of Tax - Registration -Process of
Registration - Cancellation and renovation of registration - Supply of Goods and Services - Transition to
GST - Registered Business -Availed Input Tax Credit -Unavailed CENVAT credit and Input VAT on
capital goods-Availing the input credit held in closing stock -Invoicing -Tax Invoice -Bill of Supply -
Credit Note, Debit Note and Supplementary Invoice-Transportation of goods without issue of Invoice -
Input Credit Mechanism - Input Tax - GST Returns - Payment of Tax.
UNIT II: GETTING STARTED WITH GST:
Introduction - Enabling GST and Defining Tax Details-Transferring Input Tax credit to GST -Intrastate
Supply of Goods-Intrastate Inward Supply -Intrastate Outward Supply -Interstate -Interstate Outward
Supply - Return of Goods -Purchase Returns -Sales Returns -Supplies Inclusive of Tax -Defining Tax
Rates at Master and Transaction Levels - Defining GST Rates at Stock Group Level-Defining GST Rate
at Transaction Level -Hierarchy of Applying Tax Rate Details –Reports.
UNIT III: RECORDING ADVANCED ENTRIES, GST ADJUSTMENT AND RETURN FILING:
Introduction -Accounting of GST Transactions -Purchases from Composition Dealer -Purchases from
Unregistered Dealers-Exports -Imports -Exempted Goods -SEZ Sales -Advance Receipts and payments -
Mixed Supply and Composite Supply under GST -Mixed Supply of Goods -Composite Supply of Goods
-GST Reports - Generating GSTR- Report in ERP -Input Tax Credit Set Off -GST Tax Payment -Time
line for payment of GST tax -Modes of Payment -Challan Reconciliation -Exporting GSTR- return and
uploading in GST portal.
UNIT IV: GETTING STARTED WITH GST (SERVICES):
Introduction -Determination of supply of services -Determining the Place of Supply of Services -Enabling
GST and Defining Tax Details-Transferring Input Tax credit to GST -Intrastate Supply of Goods -
Intrastate Inward Supply-Intrastate Outward Supply -Interstate Supply -Interstate Outward Supply -
Interstate Inward Supply -Interstate Outward Supply of Services -Cancellation of Services -Cancellation
of Inward Supplies -Cancellation of Outward Supply of Services -Defining Tax Rates at Master and
Transaction Levels.
UNIT V: RECORDING ADVANCED ENTRIES AND MIGRATION TO ERP:
Introduction - Accounting Multiple Services in a Single Supply - Recording Partial Payment to Suppliers
-Outward Supplies - Recording Outward Supply with Additional Expenses - Supply of services -Business
to consumers - Time of Supply of Services - Place of Supply of Services - Determining place of supply of
services - Exempt Supply of Services under GST -Export Supply of Services - Reverse Charge on
Services under GST - Advance Receipts from Customers under GST - Advance Receipt and issuing
Invoice on same month -Advance Receipt and issuing Invoice on different month - Reversal of GST on
account of cancellation of advance receipt - Generating GSTR- Report in ERP - Input Tax Credit Set Off
- Migration to ERP - Activate Goods and Services Tax (GST) in ERP - Set up GST rates - Update
Masters - Update party GSTIN/UIN - Creation of GST Duty ledgers.
SUGGESTED READINGS:
1. Taxmann’s Basics of GST
2. Taxmann’s GST: A practical Approach
3. Theory & Practice of GST, Srivathsala, HPH
4. Theory & Practice of GST: Dr. Ravi M.N, PBP.

Paper DSE 602(b) : FINANCIAL DECISION MAKING - II

47
COURSE OBJECTIVES:
1. Understand CVP analysis and marginal analysis, and learn how to make pricing
decisions.
2. Achieve ability to interpret and apply the enterprise risk management framework.
3. Demonstrate an understanding of capital budgeting techniques.
4. Understand the purpose and importance of professional ethics.

UNIT I: DECISION ANALYSIS:

Cost/volume/profit analysis: Breakeven analysis - Profit performance and alternative operating
levels - Analysis of multiple products - Marginal Analysis: Sunk costs, opportunity costs and
other related concepts - Marginal costs and marginal revenue - Special orders and pricing -
Make versus buy - Sell or process further - Add or drop a segment - Capacity considerations

UNIT II: PRICING:

Pricing decisions: Pricing methodologies - Target costing - Elasticity of demand - Product
life cycle considerations - Marketstructure considerations

UNIT III: RISK MANAGEMENT:

Enterprise Risk: Types of risk - Risk identification and assessment - Risk mitigation strategies -
Managing risk

UNIT IV: INVESTMENT DECISIONS:

Capital budgeting process: Stages of capital budgeting - Incremental cash flows - Income tax
considerations - Evaluating uncertainty - Capital investment method analysis: Net present value -
Internal rate of return - Payback - Comparison of investment analysis methods

UNIT V: PROFESSIONAL ETHICS:

Business ethics: Moral philosophies and values - Ethical decision making - Ethical
considerations for management accounting and financial management professionals: IMA’s
Statement of Ethical Professional Practice - Fraud triangle - Evaluation and resolution of ethical
issues - Ethical considerations for the organization: Organizational factors and ethical culture -
IMA’s Statement on Management Accounting, “Values and Ethics: From Inception to Practice” -
Ethical leadership - Legal compliance - Responsibility for ethical conduct - Sustainability and
social responsibility
SUGGESTED READINGS:
1. Wiley CMAexcel Learning System, Part 2: Strategic Financial Management
2. Cost Management: A Strategic Emphasis, 6th edition; Blocher, Edward, J., Stout, David
E., Juras, Paul E., and Cokins, Gary; McGraw Hill
3. Horngreen’s Cost Accounting: A Managerial Emphasis, 16th edition; Charles T., Datar,
Srikant, and Rajan, Madhav; Pearson
4. Principles of Corporate Finance, 11th edition; Brealey, Richard, A., Myers, Stewart C.,
and Allen, Franklin; McGraw Hill
5. Fundamentals of Financial Management, 13th edition; Van Horn, James, C., and
Wachowicz, John M. Jr.; FT / Prentice Hall
6. Enterprise Risk Management - Integrated Framework; COSO, The Committee of
Sponsoring Organizations of the Treadway Commission, 2017
Paper DSE 602 (c) : INTERNATIONAL AUDITING

48
COURSE OBJECTIVES:
1. Achieve understanding of US GAAS (Generally Accepted Auditing Standards) and ISA
(International Standards of Auditing).
2. Achieve knowledge and skills that a public accountant must demonstrate when
performing auditing services.
3. Achieve understanding of requirements for compilation, review and attestation
engagements.

UNIT I: ETHICS, PROFESSIONAL RESPONSIBILITIES AND GENERAL AUDITING

PRINCIPLES:
Introduction to Auditing: Generally Accepted Auditing Standards (GAAS) - International
Standards of Auditing (ISA) - Ethics, independence and professional conduct: AICPA Code of
Professional Conduct - Sarbanes-Oxley Act (SOX), 2002 - Public Company Accounting
Oversights Board (PCAOB) - Securities & Exchange Commission (SEC) - International
Standards - Engagement Understanding and Acceptance: Pre-Engagement Acceptance Activities
- Engagement Letter - Auditor’s communication with those charged with governance
Quality Control: Statements on Quality Control Standards (SQCS) - Elements of a System of
Quality control

UNIT II: ASSESSING AUDIT RISK AND DEVELOPING A PLANNED RESPONSE:

Audit Risk: Inherent Risk - Control Risk - Detection Risk - Fraud Risk: Fraudulent financial
reporting - Misappropriation of assets - Fraud risk factors - Auditor’s consideration of fraud
Planning the Audit: Audit Strategy - Audit Plan - Internal Controls: Auditor’s Consideration of
Internal Control - Operating Cycles - Internal Control Reports and Communications

UNIT III: PERFORMING FURTHER PROCEDURES AND OBTAINING AUDIT

EVIDENCE:
Audit Evidence: Management's Assertions - Sufficient & Appropriate Audit Evidence - Audit
Evidence determined by Risk of Material Misstatement (RMM) - Substantive Procedures:
Revenue cycle - Expenditure cycle - Production cycle - Payroll cycle - Investing cycle -
Financing cycle - Opening Balances - Illegal Acts - Related Parties - Contingencies - Estimates
& Fair Value Measurements - Subsequent Events - Omitted Procedures & Subsequent Discovery
of Facts - Using the Work of Others - Evaluating Audit Findings - Audit Documentation -
Management Representation Letter - Audit Sampling: Sampling Risks - Attributes Sampling -
Classical Variables Sampling - Probability Proportional to Size (PPS) Sampling

UNIT IV: AUDIT REPORTING:

Audit Reports: Unmodified opinion - Unmodified Opinion with Emphasis-of-matter and/or
Other-matter paragraph - Qualified Opinion - Adverse Opinion - Disclaimer of Opinion - Audit
Reporting Considerations: Audit of Comparative financial statements - Supplementary
Information - Audit of Group financial statements - Audit of Single financial statements &
Specific financial statement elements, accounts or items - Audit of Special Purpose financial
statements - Audit of financial statements prepared using financial reporting framework of
another country

UNIT V: OTHER ENGAGEMENTS:

49
Accounting & Review Services: Preparation of financial statements - Compilation engagement -
Review engagement - Attestation Engagements: Examination - Review - Agreed-upon
Procedures - Governmental Auditing: Governmental Auditing Standards - Single Audit Act

SUGGESTED READINGS:
1. Miles CPA Review Concept Book: Auditing and Attestation, Miles Education
2. Wiley CPA Excel Exam Review Course Study Guide: Auditing and Attestation, Wiley
3. Wiley Practitioner’s Guide to GAAS: Covering all SAS, SSAE’s , SSARS, PCAOB,
Auditing Standards, and Interpretations, Joanne M. Flood, Wiley
4. Auditing: A Risk Based-Approach to Conducting a Quality Audit, Karla M Johnstone,
Audrey A. Gramling and Larry E. Rittenberg, Cengage Learning
5. Principles of Auditing & Other Assurance Services, Ray Whittington and Kurt Pany,
McGraw Hill
6. Auditing & Assurance Services: A Systematic Approach, William F Messier Jr, Steven
M. Glover and Douglas F. Prawitt, McGraw Hill

50
 Paper DSE 603(a) :ACCOUNTING STANDARDS

Objectives: To make the students acquire the knowledge of provisions and application of Indian
Accounting Standards.

UNIT-I: INTRODUCITON:
Introduction to Accounting Standards – Objectives of Accounting Standards – Benefits and
Limitations of Accounting Standards – Process of Formulation of Accounting Standards in India
– List of Accounting Standards in India (AS) – Need for Convergence Towards Global Standards
– International Financial Reporting Standards as Global Standards – Benefits of Convergence
with IFRS –Applicability of Accounting Standards in India.

UNIT-II: AS 1, 2, 3, 4, 5, 7 and 9: AS-1: Disclosure of Accounting Policies – AS-2: Valuation

of Inventories – AS-3: Cash Flow Statement – AS-4: Contingencies and Events Occurring after
Balance Sheet Date – AS-5: Net Profit / Loss for the Period, Prior Period, Extraordinary Items
and Changes in Accounting Policies – AS-7: Accounting for Construction Contracts – AS-9:
Revenue Recognition (including simple problems).

UNIT-III: AS-10, 11, 12, 13, 14, 16 and 17: AS-10: Accounting for Find Assets – AS-11:
Accounting for the Effects of Changes in Foreign Exchange Rates – AS-12: Accounting for
Government Grants – AS-13: Accounting for Investments – AS-14: Accounting for
Amalgamations –AS-16: Accounting for Borrowing Costs - AS-17: Segment Reporting
(including simple problems).

UNIT-IV: AS-18, 19, 20, 22, 24, 26 and 29: AS-18: Related Party Disclosures – AS-19:
Accounting for Leases – AS-20: Earnings Per Share – AS-22: Accounting for Taxes on Income –
AS-24: Discontinuing Operations – AS-26: Accounting for Intangibles – AS-29: Provisions,
Contingent Liabilities and Contingent Assets (including simple problems).

UNIT-V: INTRODUCTION OF IND AS:

Introduction - Development in Ind AS – List of Ind AS – Significance of Ind AS – Carve outs/ins
in Ind AS – AS Vs. Ind AS - Road map for implementation of Ind AS.

SUGGESTED READINGS:
1. Accounting Standards: Saini, HPH
2. Accounting Theory and Practice: Jawaharlal, Himalaya Publishing Company
3. Accounting Standards: Rawat D.S, Taxmann Allied Services Private Limited
4. IFRS Concepts and Applications: Kamal Garg, Bharat Law House Pvt. Limited
5. Accounting Theory: Porwal L.S, TataMcGraw-Hill Publishing Company
6. Accounting Theory & Management Accounting: Jain S.P. &Narang K.L, Kalyani
7. Accounting Standards and Corporate Accounting Practices: Ghosh T.P, Taxman

51
 Paper DSE 603(b) :CORPORATE GOVERNANCE

Course Objective: To acquaint the student with the finer nuances of Corporate Governance.
UNIT - 1:CORPORATE GOVERNANCE: Evolution and Significance: Corporate
Governance: Meaning – Definition - Evolution – Historical Perspective of Corporate
Governance – Nature and Scope of Corporate Governance – Need for Corporate Governance –
Essentials of Corporate Governance – Objectives of Corporate Governance - Benefits and
Limitations of Corporate Governance - Structure – Theories.

UNIT – II: CORPORATE GOVERNANCE COMMITTEES AND MODELS:

CG Committees: Cadbury Committee, Greenbury Committee, Hampel Committee, Sarbanes-
Oxley Act, 2002, Blue Ribbon Committee, King Committee, Kumara Mangalam Birla
Committee, Narayana Murthy Committee, CII Task Force Committee – CG Models : Anglo-
American, German, Japanese and Indian Model.

UNIT - III: CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY:

Corporate Social Reporting – Meaning – Types of CSR - Role of CSR towards Society –
Employees, Government, Stakeholders and Consumers – Nature of CSR – CSR Principles and
Strategies - Models – Best Practices of CSR - CSR: Indian Perspective – Sachar Committee
Report.

UNIT - IV: ACCOUNTABILITY IN CORPORATE GOVERNANCE:

Definition – Importance - Accounts and Financial Reporting - Stakeholders Influence - Social
Responsibility and Accountability - Reflection of Stakeholder’s Accountability in Legislation,
Guidance on Stakeholders and Shareholders Interest. Role of Top Management in
Corporate Governance.Role of Auditors in Corporate. Role of Shareholders & Other
Stakeholders in Corporate Governance
UNIT – V: ISSUES IN CORPORATE GOVERNANCE:
Role of Promoters - Nominee Directors - Mismanagement –Corporate Frauds - Negligent Role
of Auditors – Banks- Supervision and Control of Stock Exchanges – Whistle Blowing Policy -
RBI – Ministry of Corporate Affairs – Towards Building Ethical and Sustainable Organization.
SUGGESTED READINGS:
1. Business Ethics and Corporate Governance, (2017) Prof. K. ViyyannaRao, Dr. G.
Nagaraju I.K., International Publishing House Pvt. Ltd,
2. Corporate Governance,(2014), BholanathDutta and S.K. Podder - Vision Book house,
3. Business Ethics,(2005)2ND Edition, R.V. Badi N.V. Badi,Vrinda Publication pvt Ltd
4. Business Ethics An Indian Perspective, 2015, A. C. Fernando - Pearson
5. Business Ethics and Corporate Governance, Reprint 2013, C.S.V. Murthy – Himalaya
Publication
6. Corporate Governance,(2004) H.R. Machiraju, Himalaya Publication House
7. Business Ethics -Text & Cases 2010, C.S.V. Murthy – Himalaya Publication
8. Business Ethics – Dr. Muninarayanappa, Prof. Manjula, Prof. V. Tamil Selvan, Prof.
Raghavendra K.S.- Takur Publishers,2015, Bangalore
9. A Study in Business Ethics, Reprint (2008) RituParna Raj, Himalaya Publishing house
10. Ethics in Business and Management Concepts (Western and Indian) & Cases (National &
International), R. P. Banerjee, Himalaya Publishing House.
11. Corporate Governance (with Case Studies), DayanandAchrekar, Surendra Publications,
New Delhi.
12. Corporate Governance, Robert A G Monks, Wiley India Pvt. Ltd.
52
 Paper DSE 603(C) :INVESTMENT MANAGEMENT

Objective: to familiarize with concepts of risk and return relating to Investment.

UNIT–I: INTRODUCTION:
Investment Management: Meaning and Definition – Objectives - Scope–Investment Vs
Speculation–Investment Vs Gambling-Factors affecting Investment Decisions–Investment
Alternatives-Types of Investors (Theory).

UNIT–II: RISK AND RETURN:

Meaning of Risk– Risk Vs Uncertainty–Causes of Risk–Types of Risks–Risk and Return of a
Single Asset–Ex-Ante and Ex-Post–Risk-Return Relationship–Risk-Return Trade off (Simple
Problems).

UNIT–III: MARKET INDICES:

Concept of Index–Methods of computing stock indices–Leading Stock Price Indices in India–
Sensex and Nifty–Uses of Market Index (Simple Problems).

UNIT–IV: TIME VALUE OF MONEY:

Concept - Techniques - Compounding Techniques - Doubling Period - Multiple Compounding
Period - Present Value Techniques (Simple Problems).

UNIT–V: PORTFOLIO ANALYSIS:

Traditional Vs Modern - Rationale of Diversification - Markowitz portfolio theory - Effect of
combining the securities - Measurement of expected return and risk of portfolio (Simple
Problems).

SUGGESTED READINGS:

1. Investment Management (Text and Cases): V.K. Bhalla, S. Chand & Company.
2. Security Analysis and Portfolio Management: Shashi K. Gupta & Rosy Joshi,Kalyani Publishers.
3. Investment Management: Dr. V.A. Avadhani, Himalaya Publishing House.
4. Fundamentals of Investment Management: Preeti Singh, Himalaya Publishing House
5. Security Analysis and Portfolio Management: Kevin, PHI.
6. Investment Analysis and Portfolio Management: Prasanna Chandra,Tata McGraw-Hills
7. Investment Management, PrashantaAthma: Kalyani Publications.
8. Security Analysis and Portfolio Management: MadhumatiRanganathan, Pearson.
9. Investment Management: Masheswari, PHI.
10. Security Analysis and Portfolio Management: DhaneshKhatri, Trinity Press.

53