B. Com. (Hons.

)
Syllabus

Choice Based Credit System (CBCS)

W.E.F. ACADEMIC SESSION 2018-19

DEPARTMENT OF COMMERCE
RAVENSHAW UNIVERSITY, CUTTACK, ODISHA
753003
 Members of Board of Studies
Internal Members
1. Prof. Sanjay Kumar Satapathy
2. Dr. Kishore Kumar Das
3. Dr. Tushar Kanta Pany
4. Dr. Suprava Sahu

External Members
1. Prof. Bimal Chandra Mishra, Former Professor
of Commerce
2. Prof. Malaya Kumar Mohanty, Former
Professor of Commerce
3. Dr. Rama Chandra Jena, B.J.B. (Auto) College,
Bhubaneswar
4. Prof. Maheswar Sahu, Associate Professor, Utkal
University, Vani Vihar, Bhubaneswar

VC’s Nominee:
1. Prof. Bidhubhusan Mishra, Department of
Business Administration, Utkal University, Vani
Vihar, Bhubaneswar
 Scheme of UG Examination in Commerce
Under Choice Based Credit System (CBCS)
Courses for Honours Students
Semester. Course Course Title Remarks
Code
I Core C 101 Financial Accounting Compulsory
C 102 Business law
Generic G 101 Cost Accounting (Offered by Commerce Department for
Elective BBA and IMBA students)
-------------------------- ----------------------------------------------
Economics for (Offered by School of Management for
Business Managers B.COM Students)
Ability AE 101 Environmental Compulsory
Enhancement Science
II Core C 203 Corporate Compulsory
Accounting
C 204 Corporate Laws
Generic G 202 Corporate (Offered by Commerce Department for
Elective Accounting BBA and IMBA students)
-------------------------- ----------------------------------------------

Statistics for (Offered by School of Management

Business Decisions for B.COM Students)

Ability AE 202 Communicative Compulsory

Enhancement English
Skill SE 201 MIL Compulsory; the students will have to
Enhancement (Odia/Hindi/Alt. choose one of the courses
English)
III Core C 305 Business Compulsory
Mathematics
C 306 Cost Accounting
C 307 Management
Principles and
Applications
Generic G 301 Business Offered by Commerce Department for
Elective Mathematics BBA and IMBA students)
----------------------------------------------
----------------------- (Offered by School of Management for
Principles of B.COM Students)
Marketing

Skill SE 302 Computer Science Compulsory

Enhancement
IV Core C 408 Management Compulsory
Accounting
C 409 Income Tax Laws &
Practice
C 410 Computer
Applications in
Business
Generic G 402 Entrepreneurship Offered by Commerce Department for
Elective BBA and IMBA students)
-------------------------- ----------------------------------------------
Human Resource (Offered by School of Management for
 Management B.COM Students)
Skill SE 403 E-Commerce Compulsory
Enhancement
V Core C 511 Financial Compulsory
Management
C 512 Auditing &
Corporate
Governance
Discipline D 501 A. Financial Markets,
Specific Institutions & Students will have to choose any one
Elective Services of the three courses
B. Banking &
Insurance
C. Advertising
D 502 A. Fundamentals of Students will have to choose any one
Investment of the three courses
B. Business Tax
Procedure &
Management
C. International
Business
Skill SE 504 Computerised Compulsory
Enhancement Accounting

VI Core C 613 Entrepreneurship Compulsory

Development
C 614 Indirect Tax Laws
Discipline D 603 A. Business Students will have to choose any one
Specific Research of the three courses
Elective Methodology
B. Industrial
Relations & Labour
Laws
C. Consumer Affairs
& Customer Care
D 604 Project Compulsory

B: Generic Electives
For students opting Commerce as Generic Elective
Semester Code Course Title Remarks
I G 101 Cost Accounting For the students who will choose Commerce as
Generic Elective
II G 202 Corporate Accounting -do-
III G 303 Business Mathematics -do-
IV G 404 Entrepreneurship -do-
 Mark Distribution of the mentioned papers is as follows:-

COURSE CREDIT MARKS

Core Course 14 x 6 = 84 14 x 100 =1400
Discipline Specific 4 x 6 = 24 4 x 100 = 400
Elective Course
Generic Elective 4 x 6 = 24 4 x 100 = 400
Course
Ability Enhancement 2x2=4 2 x 50 = 100
Course
Skill Enhancement 4x2=8 4 x 50 = 200
Course
TOTAL 144 2500

Elective G.1 – Business Economics & Statistics – G 101, G 202

Elective G.2 – Management - G301 & G402

 B.Com. (Hons.): Semester - I
Core Course
C 101 - Financial Accounting (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65
Objectives: The objective of this paper is to help students to acquire conceptual knowledge of
financial accounting and to impart skills for recording various kinds of business
transactions.
Unit I: (a) Theoretical Framework 1 3 Lectures
i. Accounting as an information system, the users of financial accounting information
and their needs. Qualitative characteristics of accounting, information. Functions,
advantages and limitations of accounting. Branches of accounting. Bases of
accounting; cash basis and accrual basis.
ii. The nature of financial accounting principles – Basic concepts and conventions: entity,
money measurement, going concern, cost, realization, accruals, periodicity,
consistency, prudence (conservatism), materiality and full disclosures.
iii. Financial accounting standards: Concept, benefits, procedure for issuing accounting
standards in India. Salient features of First-Time Adoption of Indian Accounting
Standard (Ind-AS) 101. International Financial Reporting Standards (IFRS): - Need and
procedures.
(b) Accounting Process 5 Lectures
From recording of a business transaction to preparation of trial balance including
adjustments
Unit II: (a) Business Income 10 Lectures
i. Measurement of business income-Net income: the accounting period, the continuity
doctrine and matching concept. Objectives of measurement.
ii. Revenue recognition: Recognition of expenses.
iii. The nature of depreciation. The accounting concept of depreciation. Factors in the
measurement of depreciation. Methods of computing depreciation: straight line method and
diminishing balance method; Disposal of depreciable assets-change of method.
(b) Final Accounts 7 Lectures
Capital and revenue expenditures and receipts: general introduction only. Preparation of
financial statements of non-corporate business entities
Unit III: Accounting for Hire Purchase and Instalment Systems 10 Lectures
Calculation of interest, partial and full repossession, Hire purchase trading (total cash price
basis), stock and debtors system; Concepts of operating and financial lease (theory only)
Unit IV: Accounting for Inland Branches 10 Lectures
Concept of dependent branches; accounting aspects; debtors system, stock and debtors
system, branch final accounts system and whole sale basis system. Independent branches:
concept-accounting treatment: important adjustment entries and preparation of
consolidated profit and loss account and balance sheet.
Unit V: Accounting For Dissolution of the Partnership Firm 10 Lectures
Accounting of Dissolution of the Partnership Firm Including Insolvency of partners, sale to a
limited company and piecemeal distribution

Suggested Readings:

1. Robert N Anthony, David Hawkins, Kenneth A. Merchant, Accounting: Text and Cases.
McGraw-Hill Education, 13th Ed. 2013.
2. Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson
Education. 6
3. J.R. Monga, Financial Accounting: Concepts and Applications. Mayur Paper Backs, New
Delhi.
4. M.C.Shukla, T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New
Delhi.
5. S.N. Maheshwari, and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House,
New Delhi.\
6. Gupta R.L. Radhaswamy. M- Financial Accounting, Sultan Chand and Sons New Delhi
7. Jawhar Lal & S. Srivastav- B.Com- Financial Accounting, Himalaya Publishing House.
8. Tulsian, P.C. Financial Accounting, Pearson Education.
9. S.P. Jain and K.L. Narang- Financial Accounting – Kalyani Publisher

7
 B.Com. (Hons.): Semester - I
Core Course
Paper C 102 – BUSINESS LAW (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of the course is to impart basic knowledge of the important business
legislation along with relevant case law.

Unit I: The Indian Contract Act, 1872: General Principle of Law of Contract 13 Lectures
a) Contract – meaning, characteristics and kinds
b) Essentials of a valid contract - Offer and acceptance, consideration, contractual capacity,
free consent, legality of objects.
c) Void agreements
d) Discharge of a contract – modes of discharge, breach and remedies against breach of contract.
e) Contingent contracts
f) Quasi - contracts
Unit II: The Indian Contract Act, 1872: Specific Contract 13 Lectures
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency
Unit III: The Sale of Goods Act, 1930 13 Lectures
a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties
c) Transfer of ownership in goods including sale by a non-owner
d) Performance of contract of sale
e) Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer.
Unit IV: Partnership Laws 13 Lectures
A) The Partnership Act, 1932
a. Nature and Characteristics of Partnership
b. Registration of a Partnership Firms
c. Types of Partners
d. Rights and Duties of Partners
e. Implied Authority of a Partner
f. Incoming and outgoing Partners
g. Mode of Dissolution of Partnership
B) The Limited Liability Partnership Act, 2008
a) Salient Features of LLP
b) Differences between LLP and Partnership, LLP and Company
c) LLP Agreement,
d) Partners and Designated Partners
e) Incorporation Document
f) Incorporation by Registration
g) Partners and their Relationship

8
Unit V: The Negotiable Instruments Act 1881 13 Lectures
a) Meaning, Characteristics, and Types of Negotiable Instruments: Promissory Note, Bill of
Exchange, Cheque
b) Holder and Holder in Due Course, Privileges of Holder in Due Course.
c) Negotiation: Types of Endorsements
d) Crossing of Cheque
e) Bouncing of Cheque

Suggested Readings:

1. M.C. Kuchhal, and Vivek Kuchhal, Business Law, Vikas Publishing House, New Delhi.
2. Avtar Singh, Business Law, Eastern Book Company, Lucknow.
3. Ravinder Kumar, Legal Aspects of Business, Cengage Learning
4. SN Maheshwari and SK Maheshwari, Business Law, National Publishing House, New Delhi.
5. Aggarwal S K, Business Law, Galgotia Publishers Company, New Delhi.
6. Bhushan Kumar Goyal and Jain Kinneri, Business Laws, International Book House
7. Sushma Arora, Business Laws, Taxmann Pulications.
8. Akhileshwar Pathak, Legal Aspects of Business, McGraw Hill Education, 6th ed.
9. Sarvanavel –A Text Book of Business Law - Himalaya Publishing House
10. Kapoor N.D. -Business Law, Sultan Chand & Sons, New Delhi
11. Garg and Chawla, ‘Business Law”, Kalyani Publishers
12. P.C Tulsian and Bharat Tulsian, Business Law, McGraw Hill Education
13. Bulchandani K.R- Business Law- Himalaya Publishing House

9
 B.COM (HONS): SEMESTER – I
Generic Elective Course
G 101 - Cost Accounting (6 Credits)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65
Objective: To acquaint the students with basic concepts used in cost accounting, various methods
involved in cost ascertainment and cost accounting book keeping systems.
Unit I: Introduction (6 Lectures)
Meaning, objectives and advantages of cost accounting; Difference between cost accounting and
financial accounting; Cost concepts and classifications; Elements of cost; Installation of a
costing system; Role of a cost accountant in an organisation
Unit II: Elements of Cost: Material and Labour (14 Lectures)
a. Materials: Material/inventory control techniques. Accounting and control of purchases,
storage and issue of materials. Methods of pricing of materials issues — FIFO, LIFO, Simple
Average, Weighted Average, Replacement, Standard Cost. Treatment of Material Losses
b. Labour: Accounting and Control of labour cost. Time keeping and time booking. Concept and
treatment of idle time, over time, labour turnover and fringe benefits. Methods of wage
payment and the Incentive schemes- Halsey, Rowan, Taylor’s Differential piece wage
system.
Unit III: Elements of Cost: Overheads (8 Lectures)
Classification, allocation, apportionment and absorption of overheads; Under- and over-
absorption; Capacity Levels and Costs; Treatments of certain items in costing like interest on
capital, packing expenses, bad debts, research and development expenses; Activity based cost
allocation.
Unit IV: Methods of Costing (28 Lectures)
Unit costing, Job costing, Contract costing, Process costing (process losses, valuation of work in
progress, joint and by-products), Service costing (only transport).
Unit V: Book Keeping in Cost Accounting (9 Lectures)
Integral and non-integral systems; Reconciliation of cost and financial accounts
Suggested Reading:

1. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan , Cost Accounting: A

Managerial Emphasis, Pearson Education.
2. Drury, Colin. Management and Cost Accounting. Cengage Learning.
3. Jawahar Lal, Cost Accounting. McGraw Hill Education
4. Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. PHI Learning
5. Rajiv Goel, Cost Accounting. International Book House
6. Singh, Surender. Cost Accounting, Scholar Tech Press, New Delhi.
7. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers
8. Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.
9. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems. Shri Mahavir
Book Depot, New Delhi.
10. Iyengar, S.P. Cost Accounting. Sultan Chand & Sons
11. Saxena V.K. & Vashist C.D. – Advanced Cost and Management Accounting- A Text
Book sultan Chand & Sons

10
 B.COM (HONS): SEMESTER – I
Ability Enhancement Course (2 Credit)
AE 101 – Environmental Science

Full marks: 50 (Term End Only) Lecture: 30

11
 B.COM (HONS): SEMESTER – II
Core Course
C 203 - Corporate Accounting (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objectives: To help the students to acquire the conceptual knowledge of corporate accounting
and to learn the techniques of preparing the financial statements.
Unit I. Accounting for Share Capital & Debentures 15 Lectures
Issue, forfeiture and reissue of forfeited shares: concept & process of book building; Issue
of rights and bonus shares; Buy back of shares; R e d e m p t i o n of preference shares; Issue
and Redemption of Debentures
Unit II. Final Accounts 15 Lectures
Preparation of profit and loss account and balance sheet of corporate entities, excluding
calculation of managerial remuneration, Disposal of company profits, Accounts of Banking
Companies.
Unit III. Valuation of Goodwill, Valuation of Shares and Cash flow Statement.
Concepts and calculation: simple problem only, Cash Flow Statement
13 Lectures
Unit IV. Amalgamation of Companies 12 Lectures
Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding
inter-company holdings). Internal reconstruction: concepts and accounting treatment
excluding scheme of reconstruction.

Unit V. Accounts of Holding Companies/Parent Companies 10Lectures

Preparation of c o n s o l i d a t e d balance s h e e t with one subsidiary company.
Relevant provisions of Accounting Standard: 21 (ICAI).

Suggested Readings:

1. J.R. Monga, Fudamentals of Corporate Accounting. Mayur Paper Backs, New Delhi.
2. M.C. Shukla, T.S. Grewal, and S.C. Gupta. Advanced Accounts. Vol.-II. S. Chand & Co., New
Delhi.
3. S.N. Maheshwari, and S. K. Maheshwari. Corporate Accounting. Vikas Publishing House,
New Delhi.
4. Ashok Sehgal, Fundamentals of Corporate Accounting. Taxman Publication, New Delhi.
5. V.K. Goyal and Ruchi Goyal,. Corporate Accounting. PHI Learning.
6. Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New Delhi.
7. P. C. Tulsian and Bharat Tulsian, Corporate Accounting, S.Chand
8. Vasudeva Sakshi – Corporate Accounting- Himalaya
9. Hanif & Mukherjee- Modern Accountancy, Tata McGraw Hill
10. Gupta R.L. Radhaswamy- Advanced Account – Sultan Chand and Sons

12
 B.COM (HONS): SEMESTER – II
Core course
C 204 - Corporate Laws (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of the course is to impart basic knowledge of the provisions of the
Companies Act 2013 and the Depositories Act, 1996. Case studies involving issues in corporate
laws are required to be discussed.

UNIT I: Introduction 15 Lectures

Administration of Company Law [including National Company Law Tribunal (NCLT), National
Company Law Appellate Tribunal (NCLAT), Special Courts]; Characteristics of a company;
lifting of corporate veil; types of companies including one person company, small company, and
dormant company; association not for profit; illegal association; formation of company, on-line
filing of documents, promoters, their legal position, pre-incorporation contract; on-line registration
of a company.

UNIT II: Documents 15 Lectures

Memorandum of association, Articles of association, Doctrine of constructive notice and indoor
management, prospector-shelf and red herring prospectus, misstatement in prospectus, GDR;
book-building; issue, allotment and forfeiture of share, transmission of shares, buyback and
provisions regarding buyback; issue of bonus shares.

UNIT III: Management 15 Lectures

Classification of directors, women directors, independent director, small shareholder’s director;
disqualifications, director identity number (DIN); appointment; Legal positions, powers and
duties; removal of directors; Key managerial personnel, managing director, manager;
Meetings: Meetings of shareholders and board of directors; Types of meetings, Convening and
conduct of meetings, Requisites of a valid meeting, postal ballot, meeting through video
conferencing, e-voting.
Committees of Board of Directors - Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee, Corporate Social Responsibility Committee

UNIT IV: 15 Lectures

Dividends, Accounts, Audit: Provisions relating to payment of Dividend, Provisions relating to
Books of Account, Provisions relating to Audit, Auditors' Appointment, Rotation of Auditors,
Auditors' Report, Secretarial Audit.
Winding Up: Concept and modes of Winding Up.
Insider Trading, Whistle Blowing: Insider Trading; meaning & legal provisions; Whistle-
blowing : Concept and Mechanism.

UNIT V: Depositories Law 5 Lectures

The Depositories Act 1996 – Definitions; rights and obligations of depositories; participants
issuers and beneficial owners; inquiry and inspections, penalty.

Suggested Readings:

1. MC Kuchhal, Modern Indian Company Law, Shri Mahavir Book Depot (Publishers)
2. GK Kapoor and Sanjay Dhamija, Company Law, Bharat Law House, Delhi.
3. Anil Kumar, Corporate Laws, Indian Book House, Delhi
4. Avtar Singh, Introduction to Company Law, Eastern Book Company
13
5. Ramaiya, A Guide to Companies Act, LexisNexis, Wadhwa and Buttersworth.
6. Manual of Companies Act, Corporate Laws and SEBI Guideline, Bharat Law House
7. A Compendium of Companies Act 2013, along with Rules, by Taxmann Publications.
8. Garg K.C, “Corporate Law(Odisha)”, Kalyani Publishers
9. Maheswari,Maheswar- Elements of Corporate Laws-Himalaya Publishing House
10. Kapoor G.K and Suri A.P, “Corporate Laws”, Taxmann Publications

14
 B.COM (HONS): SEMESTER – II
Generic Elective Course
G 202 – Corporate Accounting (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objectives: To help the students to acquire the conceptual knowledge of corporate accounting and
to learn the techniques of preparing the financial statements.
Unit I. Accounting for Share Capital & Debentures 15 Lectures
Issue, forfeiture and reissue of forfeited shares: concept & process of book building; Issue
of rights and bonus shares; Buy back of shares; R e d e m p t i o n of preference shares; Issue
and Redemption of Debentures
Unit II. Final Accounts 15 Lectures
Preparation of profit and loss account and balance sheet of corporate entities, excluding
calculation of managerial remuneration, Disposal of company profits, Accounts of Banking
Companies.
Unit III. Valuation of Goodwill, Valuation of Shares and Cash flow Statement.
Concepts and calculation: simple problem only, Cash Flow Statement
13 Lectures
Unit IV. Amalgamation of Companies 12 Lectures
Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding
inter-company holdings). Internal reconstruction: concepts and accounting treatment
excluding scheme of reconstruction.

Unit V. Accounts of Holding Companies/Parent Companies 10Lectures

Preparation of c o n s o l i d a t e d balance s h e e t with one subsidiary company.
Relevant provisions of Accounting Standard: 21 (ICAI).

Suggested Readings:

1. J.R. Monga, Fudamentals of Corporate Accounting. Mayur Paper Backs, New Delhi.
2. M.C. Shukla, T.S. Grewal, and S.C. Gupta. Advanced Accounts. Vol.-II. S. Chand & Co., New
Delhi.
3. S.N. Maheshwari, and S. K. Maheshwari. Corporate Accounting. Vikas Publishing House,
New Delhi.
4. Ashok Sehgal, Fundamentals of Corporate Accounting. Taxman Publication, New Delhi.
5. V.K. Goyal and Ruchi Goyal,. Corporate Accounting. PHI Learning.
6. Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New Delhi.
7. P. C. Tulsian and Bharat Tulsian, Corporate Accounting, S.Chand
8. Vasudeva Sakshi – Corporate Accounting- Himalaya
9. Hanif & Mukherjee- Modern Accountancy, Tata McGraw Hill
10. Gupta R.L. Radhaswamy- Advanced Account – Sultan Chand and Sons

15
 B.COM (HONS): SEMESTER – II
Ability Enhancement Course
AE 202 – Communicative English (2 Credit)
Full marks: 50 Lecture: 30

16
 B.COM (HONS): SEMESTER – II
Skill Enhancement Course
SE 201 – MIL (Odia/ Hindi/ Alt. Eng.) (2 Credit)
Full marks: 50 Lecture: 30

17
 B.COM (HONS): SEMESTER – III
Core Course
C 305 - Business Mathematics (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65
Objective: The objective of this course is to familiarize the students with the basic mathematical
tools, with an emphasis on applications to business and economic situations.

Unit I: Matrices and Determinants Lectures 11

Algebra of matrices. Inverse of a matrix, Matrix Operation – Business Application
Solution of system of linear equations (having unique solution and involving not more than
three variables) using matrix inversion Method and Cremer’s Rule, The Leontief Input Output
Model (Open Model Only).

Unit II: Calculus I Lectures 10

Mathematical functions and their types- linear, quadratic, polynomial, exponential,
Logarithmic a nd l o gi st i c function. Concepts of limit, continuity of a function, Concept
and rules of differentiation, Maxima and Minima involving second order.

Unit III: Calculus II Lectures 16

Integration: Standard forms, Methods of integration – by substitution, by parts, and by use of
partial fractions; Definite integration; Finding areas in simple cases

Unit IV: Mathematics of Finance Lectures 13

Compounding and discounting of a sum using different types of rates.
Types of annuities, like ordinary, due, deferred, continuous, perpetual, and their future and
present values using different types of rates of interest. Depreciation of Assets.
(General annuities to be excluded)
Unit V: Linear Programming Lectures 15
Formulation of linear programming problem (LPP): Graphical solution to LPPs. Cases of
unique and multiple optimal solutions, Unbounded solutions and infeasibility, and redundant
constraints, solution to LPPs using simplex method- maximisation and minimisation cases.

Suggested Readings:

1. Swain and Das, “Business Mathematics for managerial Decisions”, Himalaya Publishing
House.
2. Mizrahi and Sullivan. Mathematics for Business and Social Sciences. Wiley and Sons.
3. Sharma S.D, “Business Mathematics”, Himalaya Publishing House
4. Patri D, “Business Mathematics”, Kalyani Publishers
5. Singh J. K., Business Mathematics. Himalaya Publishing House.
6. Budnick, P. Applied Mathematics. McGraw Hill Education.
7. R.G.D. Allen, Mathematical Analysis For Economist
8. Dowling, E.T., Mathematics for Economics, Schaum’s Outlines Series. McGraw Hill
9. Education.
10. Thukral, J.K., Mathematics for Business Studies.
11. Vohra, N.D., Quantitative Techniques in Management. McGraw Hill Education
12. Soni, R.S,. Business Mathematics. Ane Books, New Delhi.
13. Wikes, F.M., Mathematics for Business, Finance and Economics. Thomson Learning.
14. Ayres, Frank Jr. Schaum’s Outlines Series: Theory and Problems of Mathematics of
Finance. McGraw Hill Education.

18
 B.COM (HONS): SEMESTER – III
Core Course
C 306 - Cost Accounting (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To acquaint the students with basic concepts used in cost accounting, various methods
involved in cost ascertainment and cost accounting book keeping systems.
Unit I: Introduction (6 Lectures)
Meaning, objectives and advantages of cost accounting; Difference between cost accounting and
financial accounting; Cost concepts and classifications; Elements of cost; Installation of a
costing system; Role of a cost accountant in an organisation
Unit II: Elements of Cost: Material and Labour (14 Lectures)
a. Materials: Material/inventory control techniques. Accounting and control of purchases,
storage and issue of materials. Methods of pricing of materials issues — FIFO, LIFO, Simple
Average, Weighted Average, Replacement, Standard Cost. Treatment of Material Losses
b. Labour: Accounting and Control of labour cost. Time keeping and time booking. Concept and
treatment of idle time, over time, labour turnover and fringe benefits. Methods of wage
payment and the Incentive schemes- Halsey, Rowan, Taylor’s Differential piece wage
system.
Unit III: Elements of Cost: Overheads (8 Lectures)
Classification, allocation, apportionment and absorption of overheads; Under- and over-
absorption; Capacity Levels and Costs; Treatments of certain items in costing like interest on
capital, packing expenses, bad debts, research and development expenses; Activity based cost
allocation.
Unit IV: Methods of Costing (28 Lectures)
Unit costing, Job costing, Contract costing, Process costing (process losses, valuation of work in
progress, joint and by-products), Service costing (only transport).
Unit V: Book Keeping in Cost Accounting (9 Lectures)
Integral and non-integral systems; Reconciliation of cost and financial accounts
Suggested Reading:

1. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan , Cost Accounting: A

Managerial Emphasis, Pearson Education.
2. Drury, Colin. Management and Cost Accounting. Cengage Learning.
3. Jawahar Lal, Cost Accounting. McGraw Hill Education
4. Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. PHI Learning
5. Rajiv Goel, Cost Accounting. International Book House
6. Singh, Surender. Cost Accounting, Scholar Tech Press, New Delhi.
7. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers
8. Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.
9. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems. Shri Mahavir
Book Depot, New Delhi.
10. Iyengar, S.P. Cost Accounting. Sultan Chand & Sons
11. Saxena V.K. & Vashist C.D.-Advanced Cost and Management
Accounting- A Text Book sultan Chand & Sons

19
 B.COM (HONS): SEMESTER – III
Core Course
C 307 – Management Principles & Applications (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of the course is to provide the student with an understanding
of basic management concepts, principles and practices.
Unit I: Introduction Lectures: 13
a. Concept: Need for Study, Managerial Functions – An overview; Co-ordination:
Essence of Manager ship
b. Evolution of the Management Thought, Classical Approach – Taylor, Fayol,
Neo-Classical and Human Relations Approaches – Mayo, Hawthorne
Experiments, Behavioural Approach, Systems Approach, Contingency Approach –
Lawerence & Lorsch, MBO - Peter F. Drucker.

Unit II: Planning Lectures: 13

a. Types of Plan – An overview to highlight the differences
b. Strategic planning – Concept, process, Importance and limitations
c. Environmental Analysis and diagnosis (Internal and external environment) –
Definition, Importance and Techniques (SWOT,BCG Matrix, Competitor
Analysis), Business environment; Concept and Components
d. Decision-making – concept, importance; Committee and Group Decision-making,
Process, Perfect rationality and bounded rationality, Techniques (qualitative and
quantitative, MIS, DSS)

Unit III: Organising Lectures: 13

Concept and process of organising – An overview, Span of management, Different
types of authority (line, staff and functional), Decentralisation, Delegation of
authority
Formal and Informal Structure; Principles of Organising; Network Organisation
Structure
Unit IV: Staffing and Leading Lectures: 13
a. Staffing: Concept of staffing, staffing process
b. Motivation: Concept, Importance, extrinsic and intrinsic motivation; Major
Motivation theories - Maslow’s Need-Hierarchy Theory; Hertzberg’s Two-factor
Theory, Vroom’s Expectation Theory.
c. Leadership: Concept, Importance, Major theories of Leadership (Likert’s scale
theory, Blake and Mouten’s Managerial Grid theory, House’s Path Goal theory,
Fred Fielder’s situational Leadership), Transforming Leadership.
d. Communication: Concept, purpose, process; Oral and written communication;
Formal and informal communication networks, Barriers to communication,
Overcoming barriers to communication.

20
 Unit V: Control Lectures: 13
a. Control: Concept, Process, Limitations, Principles of Effective Control, Major
Techniques of control - Ratio Analysis, ROI, Budgetary Control, EVA,
PERT/CPM.
b. Emerging issues in Management

Suggested Readings:

1. Harold Koontz and Heinz Weihrich, Essentials of Management: An International and

Leadership Perspective, McGraw Hill Education.
2. Stephen P Robbins and Madhushree Nanda Agrawal, Fundamentals of Management: Essential
Concepts and Applications, Pearson Education.
3. George Terry, Principles of Management, Richard D. Irwin
4. Newman, Summer, and Gilbert, Management, PHI
5. James H. Donnelly, Fundamentals of Management, Pearson Education.
6. TN Chhabra, Management Concepts and Practice, Dhanpat Rai & Co. (Pvt. Ltd.), New Delhi
7.Peter F Drucker, Practice of Management, Mercury Books, London
8. Ramaswamy T, Principles of management, Himalaya Publishing House
9. Jain Khuspat – Princiepls of Management – Himalaya Publishing House
10. Koontz, O’ donnel and Heinz Weihrich; Essentials of Management, Tata McGraw-Hill
Education
11. Pany T.K, “Management Principles and Application”, Kalyani Publishers
12. Sharma and Gupta, Principles of Management, Kalyani Publication

21
 B.COM (HONS): SEMESTER – III
Generic Elective Course
G 301 - Business Mathematics (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of this course is to familiarize the students with the basic mathematical
tools, with an emphasis on applications to business and economic situations.

Unit I: Matrices and Determinants Lectures 11

Algebra of matrices. Inverse of a matrix, Matrix Operation – Business Application
Solution of system of linear equations (having unique solution and involving not more than
three variables) using matrix inversion Method and Cremer’s Rule, The Leontief Input Output
Model (Open Model Only).

Unit II: Calculus I Lectures 10

Mathematical functions and their types- linear, quadratic, polynomial, exponential,
Logarithmic a nd l o gi st i c function. Concepts of limit, continuity of a function, Concept
and rules of differentiation, Maxima and Minima involving second order.

Unit III: Calculus II Lectures 16

Integration: Standard forms, Methods of integration – by substitution, by parts, and by use of
partial fractions; Definite integration; Finding areas in simple cases

Unit IV: Mathematics of Finance Lectures 13

Compounding and discounting of a sum using different types of rates.
Types of annuities, like ordinary, due, deferred, continuous, perpetual, and their future and
present values using different types of rates of interest. Depreciation of Assets.
(General annuities to be excluded)
Unit V: Linear Programming Lectures 15
Formulation of linear programming problem (LPP): Graphical solution to LPPs. Cases of
unique and multiple optimal solutions, Unbounded solutions and infeasibility, and redundant
constraints, solution to LPPs using simplex method- maximisation and minimisation cases.

Suggested Readings:

1. Swain and Das, “Business Mathematics for managerial Decisions”, Himalaya Publishing
House.
2. Mizrahi and Sullivan. Mathematics for Business and Social Sciences. Wiley and Sons.
3. Sharma S.D, “Business Mathematics”, Himalaya Publishing House
4. Patri D, “Business Mathematics”, Kalyani Publishers
5. Singh J. K., Business Mathematics. Himalaya Publishing House.
6. Budnick, P. Applied Mathematics. McGraw Hill Education.
7. R.G.D. Allen, Mathematical Analysis For Economist
8. Dowling, E.T., Mathematics for Economics, Schaum’s Outlines Series. McGraw Hill
9. Education.
10. Thukral, J.K., Mathematics for Business Studies.
11. Vohra, N.D., Quantitative Techniques in Management. McGraw Hill Education
12. Soni, R.S,. Business Mathematics. Ane Books, New Delhi.
13. Wikes, F.M., Mathematics for Business, Finance and Economics. Thomson Learning.
14. Ayres, Frank Jr. Schaum’s Outlines Series: Theory and Problems of Mathematics of
Finance. McGraw Hill Education.
22
 B.COM (HONS)
SEMESTER – III
Skill Enhancement Course
SE 302 – Computer Science (2 Credits)
Full marks: 50 (End Term Evaluation) Lecture: 30

Unit I: 10 Lectures
Introduction : Introduction to computer system, uses, types. Data Representation: Number
systems and character representation, binary arithmetic. Human Computer Interface: Types of
software, operating system as user interface, utility programs.
Unit II: 10 Lectures

Devices: Input and output devices (with connections and practical demo), keyboard, mouse,
joystick, scanner, OCR, OMR, bar code reader, web camera, monitor, printer, plotter.
Memory: Primary, secondary, auxiliary memory, RAM, ROM, cache memory, hard disks, optical
disks.
Unit III: 10 Lectures
Computer Organisation and Architecture: C.P.U., registers, system bus, main memory unit, cache
memory inside a computer, SMPS, Motherboard, Ports and Interfaces, expansion cards, ribbon
cables, memory chips, processors.

Reference Books:
1. Goel, Computer Fundamentals, Pearson Education, 2010
2. P. Aksoy, L. DeNardis, Introduction to Information technology, cengage Learning 2006.
3. P.K. Sinha, P. Sinha, Fundamentals of Computers, BPB Publishers, 2007.

23
 B.COM (HONS): SEMESTER – IV
Core Course
C 408 – Management Accounting (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To impart the students, knowledge about the use of financial, cost and other data for the
purpose of managerial planning, control and decision making.
Unit I: Introduction (11 Lectures)
Meaning, Objectives, Nature and Scope of management accounting, Difference between cost
accounting and management accounting, Cost control and Cost reduction, Cost management
Unit II: Budgetary Control (10 Lectures)
Budgeting and Budgetary Control: Concept of budget, budgeting and budgetary control, objectives,
merits, and limitations. Budget administration. Functional budgets. Fixed and flexible budgets. Zero
base budgeting. Programme and performance budgeting.
Unit III: Standard Costing (12 Lectures)
Standard Costing and Variance Analysis: Meaning of standard cost and standard costing, advantages,
limitations and applications. Variance Analysis – material, labour, overheads and sales variances.
Disposition of Variances, Control Ratios.
Unit IV: Marginal Costing (12 Lectures)
Absorption versus Variable Costing: Distinctive features and income determination. Cost- Volume-
Profit Analysis, Profit / Volume ratio. Break-even analysis-algebraic and graphic methods. Angle of
incidence, margin of safety, Key factor, determination of cost indifference point.
Unit V: Decision Making (20 Lectures)
Steps in Decision Making Process, Concept of Relevant Costs and Benefits, Various short term
decision making situations – profitable product mix, Acceptance or Rejection of special/ export
offers, Make or buy, Addition or Elimination of a product line, sell or process further, operate or
shut down. Pricing Decisions: Major factors influencing pricing decisions, various methods of
pricing
Suggested Reading:
1. Charles T. Horngren, Gary L. Sundem, Dave Burgstahler, Jeff O. Schatzberg. Introduction to
Management Accounting , Pearson Education.
2. Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young. Management
Accounting. Dorling Kindersley(India) Pvt. Ltd.
3. Ronald W. Hilton and David E. Platt. Managerial Accounting: Creating Value in a Global
Business Environment, Mc Graw Hill Education.
4. Singh, Surender. Management Accounting, Scholar Tech Press, New Delhi.
5. Goel, Rajiv, Management Accounting. International Book House,
6. Arora, M.N. Managemen t Accou n t i n g . Vikas Publishing House, New Delhi.
7. Maheshwari, S.N. and S.N. Mittal. M an a g eme n t Accounting. Shree Mahavir
Book Depot, New Delhi.
8. Singh, S. K. and Gupta Lovleen. Management Accounting – Theory and Practice.
Pinnacle Publishing House.
9. Khan, M.Y. and Jain, P.K. Management Accounting. McGraw Hill Education
10. H.V. Jhamb, Fundamentals of Management Accounting, Ane Books Pvt. Ltd.

24
 B.COM (HONS): SEMESTER – IV
Core Course
C 409 – Income Tax Laws & Practice (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To provide basic knowledge and equip students with application of principles and
provisions of Income-tax Act, 1961 and the relevant rules.
Unit I: Introduction 12 Lectures
Basic concepts: Income, agricultural income, person, assessee, assessment year, previous year,
gross total income, total income, maximum marginal rate of tax; Permanent Account Number
(PAN)
Residential status; Scope of total income on the basis of residential status
Exempted income under section 10

Unit II: Computation of Income under different heads-1 15 Lectures

Income from Salaries; Income from house property

Unit III: Computation of Income under different heads-2 15 Lectures

Profits and gains of business or profession; Capital gains; Income from other sources

Unit IV: Computation of Total Income and Tax Liability 15 Lectures

Income of other persons included in assessee’s total income; Aggregation of income and set-off
and carry forward of losses; Deductions from gross total income; Rebates and reliefs
Computation of total income of individuals and firms; Tax liability of an individual and a firm,

Unit V: Preparation of Return of Income 08 P r a c t i c a l

Filing of returns: Manually, Assessment Procedures, Filing of Returns, Return Forms, Provision &
Procedures of Compulsory On-Line filing of returns for specified assesses.

Suggested readings:

1. Singhania, Vinod K. and Monica Singhania. Students’ Guide to Income Tax, University
Edition. Taxmann Publications Pvt. Ltd., New Delhi.
2. Ahuja, Girish and Ravi Gupta. Systematic Approach to Income Tax. Bharat Law House,
Delhi.
3. Balchandran & Thothadri, 'Taxation Law and Practice, Vol.1', PHI Learning Pvt. Ltd,
New Delhi
4. Saha R.G., ‘Income Tax’, Himalaya Publishing House, Mumbai
5. Gaur & Narang, ‘Income Tax Law & Practice’, Kalyani Publishers

25
 B.COM (HONS): SEMESTER – IV
Core Course
C 410 – Computer Applications in Business (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objectives: To provide computer skills and knowledge for commerce students and to enhance the
student understands of usefulness of information technology tools for business operations.

Unit I: Word Processing 11 Lectures

Introduction to word Processing, Word processing concepts, Use of Templates, Working with
word document: Editing text, Find and replace text, Formatting, spell check, Autocorrect,
Autotext; Bullets and numbering, Tabs, Paragraph Formatting, Indent, Page Formatting, Header
and footer, Tables: Inserting, filling and formatting a table; Inserting Pictures and Video; Mail
Merge: including linking with Database; Printing documents
Creating Business Documents using the above facilities
Unit II: Preparing Presentations 14 Lectures
Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables, Images, texts,
Symbols, Media; Design; Transition; Animation; and Slideshow.
Creating Business Presentations using above facilities
Unit III: Spreadsheet and its Business Applications 12 Lectures
Spreadsheet concepts, Managing worksheets; Formatting, Entering data, Editing, and Printing a
worksheet; Handling operators in formula, Project involving multiple spreadsheets, Organizing
Charts and graphs
Generally used Spreadsheet functions: Mathematical, Statistical, Financial, Logical, Date and
Time, Lookup and reference, Database, and Text functions
Unit IV: Creating Business Spreadsheet 12 Lectures
Creating spreadsheet in the area of: Loan and Lease statement; Ratio Analysis; Payroll
statements; Capital Budgeting; Depreciation Accounting; Graphical representation of data;
Frequency distribution and its statistical parameters; Correlation and Regression
Unit V: Database Management System 16 Lectures
Database Designs for Accounting and Business Applications: Reality- Expressing the
Application; Creating Initial design in Entity Relationship(ER) Model; Transforming ER Model to
Relational data model concepts; Implementing RDM design using an appropriate DBMS.
SQL and Retrieval of Information: Basic Queries in SQL; Embedded Queries in SQL; Insert,
Delete and Update statements in SQL
DBMS Software: Environment; Tables; Forms; Queries; Reports; Modules;
Applying D B M S in the areas of Accounting, I n v e n t o r y , HRM and its accounting, Managing
the data records of Employees, Suppliers and Customers.

Suggested Readings:

1. Dahiya Usha & Nagpal Sapna, “ Computer Applications in Management” Taxmann Publications
2. Sudalaimuthu-Computer Applciatin in Business-Himalaya Publishing House
3. Mohanty. R & Satapathy S.K. , “ Computer Application in Business Accounting – Himalaya
Publishing House
4. Sardana, “Computer Application”, Kalyani Publishers

26
 B.COM (HONS): SEMESTER – IV
Generic Elective Course
G 402 – Entrepreneurship (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The purpose of the paper is to orient the learner toward entrepreneurship as a career
option and creative thinking and behavior.
Unit I: Introduction (12 Lectures)
Meaning, elements, determinants and importance of entrepreneurship and creative behavior;
Entrepreneurship and creative response to the society’ problems and at work; Dimensions of
entrepreneurship: intrapreneurship, technopreneurship, cultural entrepreneurship, international
entrepreneurship, netpreneurship, ecopreneurship, and social entrepreneurship
Unit II: Entrepreneurship and Micro, Small and Medium Enterprises (13 Lectures)
Concept of business groups and role of business houses and family business in India; The
contemporary role models in Indian business: their values, business philosophy and behavioural
orientations; Conflict in family business and its resolution
Unit III: Support to Entrepreneur (15 Lectures)
Public and private system of stimulation, support and sustainability of entrepreneurship.
Requirement, availability and access to finance, marketing assistance, technology, and industrial
accommodation, Role of industries/entrepreneur’s associations and self-help groups, The concept,
role and functions of business incubators, angel investors, venture capital and private equity fund.
Unit IV: Sources of business ideas and tests of feasibility. (15 Lectures)
Significance of writing the business plan/ project proposal; Contents of business plan/ project
proposal; Designing business processes, location, layout, operation, planning & control;
preparation of project report (various aspects of the project report such as size of investment,
nature of product, market potential may be covered); Project submission/ presentation and
appraisal thereof by external agencies, such as financial/non-financial institutions
Unit V: Mobilising Resources (10 Lectures)
Mobilising resources for start-up. Accommodation and utilities; Preliminary contracts with the
vendors, suppliers, bankers, principal customers; Contract management: Basic start-up problems
Suggested Readings:
1. Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.
2. Robert Hisrich, Michael Peters, Dean Shepherd, Entrepreneurship, McGraw-Hill Education
3. Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
Himalaya Publishing House.
4. Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.
5. Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.
6. Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New Delhi:
Prentice-Hall of India. ISBN-81-203-1690-8.
7. Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
ASEED.
8. SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.
9. K Ramachandran, Entrepreneurship Development, McGraw-Hill Education
10. SIDBI Reports on Small Scale Industries Sector.

27
 B.COM (HONS): SEMESTER – IV
Skill Enhancement Course
SE 403 – E –Commerce (2 Credits)
Full marks: 50 (Term End Only) Lecture: 30
Objectives: To enable the students to become familiar with the mechanism for conducting
business transactions through electronic means
Unit I: Introduction: (10 Lectures)
Meaning, nature, concepts, advantages, disadvantages and reasons for transacting online,
types of E-Commerce, e-commerce business models (introduction , key elements of a
business model and categorizing major E-commerce business models), forces behind ecommerce.
Technology used in E-commerce: The dynamics of world wide web and internet( meaning,
evolution and features) ; Designing, building and launching e-commerce website (A systematic
approach involving decisions regarding selection of hardware, software, outsourcing vs. in-house
development of a website)
Unit II: Security and Encryption: (10 Lectures)
Need and concepts, the e-commerce security environment: (dimension, definition and scope of
esecurity), security threats in the E-commerce environment (security intrusions and breaches,
attacking methods like hacking, sniffing, cybervandalism etc.), technology solutions (Encryption,
security channels of communication, protecting networks and protecting servers and clients),
Unit III: IT Act 2000 and Cyber Crime (10 Lectures)
IT Act 2000: Definitions, Digital signature, Electronic governance, Attribution, acknowledgement
and dispatch of electronic records, Regulation of certifying authorities, Digital signatures
certificates, Duties of subscribers, Penalties and adjudication, Appellate Tribunal, Offences and
Cyber-crimes posting), risks involved in e-payments.

Suggested Readings:

1. Kenneth C. Laudon and Carlo Guercio Traver, E-Commerce, Pearson Education.

2. David Whiteley, E-commerce: Strategy, Technology and Applications, McGraw Hill
Education
3. Bharat Bhaskar, Electronic Commerce: Framework, Technology and Application, 4th Ed.,
McGraw Hill Education
4. PT Joseph, E-Commerce: An Indian Perspective, PHI Learning
5. KK Bajaj and Debjani Nag, E-commerce, McGraw Hill Education
6. TN Chhabra, E-Commerce, Dhanpat Rai & Co.
7. Sushila Madan, E-Commerce, Taxmann
8. TN Chhabra, Hem Chand Jain, and Aruna Jain, An Introduction to HTML, Dhanpat Rai & Co.
9. Murthy CSV-E Commerce-Himalaya Publishing House

28
 B.COM (HONS): SEMESTER – V
Core Course
C 511 – Financial Management (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To familiarize the students with the principles and practices of financial management.

Unit I: Introduction 13 Lectures

Nature, scope and objective of Financial Management, Time value of money, Risk and return
(including Capital Asset Pricing Model), Valuation of securities – Bonds and Equities
UnitII:Investment Decisions. 13 Lectures
The Capital Budgeting Process, Cash flow Estimation, Payback Period Method, Accounting Rate
of Return, Net Present Value (NPV), Net Terminal Value, Internal Rate of Return (IRR),
Profitability Index, Capital budgeting under Risk – Certainty Equivalent Approach and Risk-
Adjusted Discount Rate
UnitIII:Financing Decisions 13 Lectures

Cost of Capital and Financing Decision: Sources of long-term financing Estimation of components
of cost of capital. Methods for Calculating cost of equity capital, Cost of Retained Earnings, Cost
of Debt and Cost of Preference Capital, Weighted Average cost of capital (WACC) and Marginal
cost of capital. Capital structure –Theories of Capital Structure (Net Income, Net Operating
Income, MM Hypothesis, Traditional Approach). Operating and financial leverage; Determinants
of capital structure
UnitIV:Dividend Decisions 13 Lectures

Theories for Relevance and irrelevance of dividend decision for corporate valuation; Cash and
stock dividends; Dividend policies in practice
UnitV: Working Capital Decisions 13 Lectures

Concepts of working capital, the risk-return trade off, sources of short-term finance, working
capital estimation, cash management, receivables management, inventory management and
payables management.
Suggested Readings:

1. James C. Van Horne and Sanjay Dhamija, Financial Management and Policy, Pearson
Education
2. Levy H. and M. Sarnat . Principles of Financial Management. Pearson Education
3. Brigham and Houston, Fundamentals of Financial Management, Cengage Learning
4. Khan and Jain. Basic Financial Management, McGraw Hill Education
5. Prasanna Chandra, Fundamentals of Financial Management. McGraw Hill Education
6. Singh, J.K. Financial Management- text and Problems. Dhanpat Rai and Company, Delhi.
7. Rustagi, R.P. Fundamentals of Financial Management. Taxmann Publication Pvt. Ltd.
8. Singh, Surender and Kaur, Rajeev. Fundamentals of Financial Management. Mayur
Paperback, New Delhi.
9. Pandey, I.M. Financial Management. Vikas Publications.
10. BhabatoshBanerjee, Fundamentals of Financial Management, PHI Learning
11.Sharma & Gupta, “Financial management”, Kalyani Publishers
12. Kishore Ravi M, “Financial Management” Taxmann Publications
13. Reddy G.S., ‘Financial Management’, Himalaya Publishing House
29
 B.COM (HONS): SEMESTER – V
Core Course
C 512– Auditing & Corporate Governance (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To provide knowledge of auditing principles, procedures and techniques in accordance

with current legal requirements and professional standards and to give an overview of the
principles of Corporate Governance and Corporate Social Responsibility
Unit I: Introduction (13 Lectures)
Auditing: Introduction, Meaning, Objectives, Basic Principles and Techniques; Classification of
Audit, Audit Planning, Internal Control – Internal Check and Internal Audit; Audit Procedure –
Vouching and verification of Assets & Liabilities.

Unit II: Audit of Companies (13 Lectures)

Audit of Limited Companies: Company Auditor- Qualifications and disqualifications,
Appointment, Rotation, Removal, Remuneration, Rights and Duties Auditor’s Report- Contents
and Types. Liabilities of Statutory Auditors under the Companies Act 2013

Unit III: Special Areas of Audit (13 Lectures)

Special Areas of Audit: Special features of Cost audit, Tax audit, and Management audit;
Recent Trends in Auditing: Basic considerations of audit in EDP Environment; Computer aided
audit techniques and tools; Auditing Standards; Relevant Case Studies/Problems;

Unit IV: Corporate Governance (13 Lectures)

Conceptual framework of Corporate Governance: Theories & Models, Broad Committees;
Corporate Governance Reforms. Major Corporate Scandals in India and Abroad: Common
Governance Problems Noticed in various Corporate Failures. Codes & Standards on Corporate
Governance

Unit V: Business Ethics and CSR (13 Lectures)

Morality and ethics, business values and ethics, approaches and practices of business ethics,
corporate ethics, ethics program, codes of ethics, ethics committee; Ethical Behaviour: Concepts
and advantages; Rating Agencies; Green Governance; Clause 49 and Listing Agreement. Corporate
Social Responsibility – Concept of CSR, Corporate Philanthropy, Strategic Planning and
Corporate Social Responsibility.

Suggested Readings:

1. Ravinder Kumar and Virender Sharma, Auditing Principles and Practice, PHI Learning
2. Aruna Jha, Auditing. Taxmann Publication.
3. A. K. Singh, and Gupta Lovleen. Auditing Theory and Practice. Galgotia Publishing
Company.
4. Anil Kumar, Corporate Governance: Theory and Practice, Indian Book House, New Delhi
5. MC Kuchhal, Modern Indian Company Law, Shri Mahaveer Book Depot.
(Publishers). (Relevant Chapters)
6. KV Bhanumurthy and Usha Krishna, Politics, Ethics and Social Responsibility of
Business, Pearson Education
7. Erik Banks, Corporate Governance: Financial Responsibility, Controls and Ethics,
Palgrave Macmillan
8. N Balasubramanian, A Casebook on Corporate Governance and Stewardship, McGraw
Hill Education
9. B.N. Ghosh, Business Ethics and Corporate Governance, McGraw Hill Education
30
10. S K Mandal, Ethics in Business and Corporate Governance, McGraw Hill Education
11. Bob Tricker, Corporate Governance-Principles, Policies, and Practice (Indian Edition),
Oxford University Press
12. Christine Mallin, Corporate Governance (Indian Edition), Oxford University Press
13. Relevant Publications of ICAI on Auditing (CARO)
14. Sharma, J.P., Corporate Governance, Business Ethics, and CSR, Ane Books Pvt Ltd, New
Delhi
15. Satapathy S.K & B.M Jena-Auditng Principels and Practice- Himalaya Publishers
16. Murthy CSV - Corporate Governance, Himalaya Publishing House
17. Aruna Jha, Auditing. Taxmann Publication.
18. Jagdish Prakash, “Auditing-Principles , Practice and Problems”, Kalyani Publishers

31
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 501 (A) – Financial Markets, Institutions & Services (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To provide the students a basic knowledge of financial markets and institutions and to
familiarise them with major financial services in India.

Unit I: Introduction (13 Lectures)

Financial System and its Components – financial markets and institutions; Financial
intermediation; Flow of funds matrix; Financial system and economic development; An
overview of Indian financial system
Unit II: Financial Markets (13 Lectures)
Money market – functions, organisation and instruments. Role of central bank in money market;
Indian money market – An overview
Capital Markets – functions, organisation and instruments. Indian debt market; Indian equity
market – primary and secondary markets; Role of stock exchanges in India
Unit III: Financial Institutions (13 Lectures)
Commercial banking – introduction, its role in project finance and working capital finance;
Development Financial institutions (DFIs) – An overview and role in Indian economy; Life and
non-life insurance companies in India; Mutual Funds – Introduction and their role in capital
market development. Non-banking financial companies (NBFCs).
Unit IV: Financial Services (13 Lectures)
Overview of financial services industry: Merchant banking – pre and post issue management,
underwriting. Regulatory framework relating to merchant banking in India
Unit V: Leasing and hire–purchase (13 Lectures)
Consumer and housing finance; Venture capital finance; Factoring services, bank guarantees and
letter of credit; Credit rating; Financial counseling.

Suggested Readings:

1. L M Bhole, and Jitendra Mahakud. Financial Institution and Markets, McGraw-Hill

Education
2. Khan, M.Y. Indian Financial System, McGraw-Hill Education.
3. Dhanekar. Pricing of Securities. New Delhi: Bharat Publishing House.
4. Prasanna, Chandra. Financial Management: Theory and Practice. McGraw-Hill
5. Clifford Gomez, Financial Markets, Institutions and Financial Services, PHI Learning
6. MY Khan and PK Jain. Financial Services. McGraw Hill Education.
7. Singh, J.K. Venture Capital Financing in India. Dhanpat Rai and Company, New Delhi.
8. H.R Machiraju, ‘Indian Financial System, Vikas Publishing
9. Pathak. V. Bharati, ‘Indian Financial System’, Pearson Education
10. Gordon E. & Natarajan K., ‘Financial Markets and Services, Himalaya Publishing
11. Annual Reports of Major Financial Institutions in India.

32
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 501 (B) – Banking & Insurance (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To impart knowledge about the basic principles of banking and insurance
Unit I: Introduction: 13 Lectures
Origin of banking: definition, banker and customer relationship, General and special types of
customers, Types of deposits, Origin and growth of commercial banks in India. Financial
Services offered by banks, changing role of commercial banks, types of banks

Unit II: Cheques and Paying Banker 13 Lectures

Crossing and endorsement - meaning, definitions, types and rules of crossing.
Duties, Statutory protection in due course, collecting bankers: duties, statutory protection for
holder in due course, Concept of negligence.

Unit III: Banking Lending 13 Lectures

Principles of sound lending, Secured vs. unsecured advances, Types of advances, Advances
against various securities.

Unit IV: Internet Banking 13 Lectures

Meaning, Benefits, Home banking, Mobile banking, Virtual banking, E-payments, ATM Card/
Biometric card, Debit/Credit card, Smart card, NEFT, RTGS, ECS (credit/debit), E-money,
Electronic purse, Digital cash.

Unit V: Insurance 13 Lectures

Basic concept of risk, Types of business risk, Assessment and transfer, Basic principles of
utmost good faith, Indemnity, Economic function, Proximate cause, Subrogation and
contribution, Types of insurance: Life and Non-life, Re-insurance, Risk and return
relationship, Need for coordination. Power, functions and Role of IRDA, Online Insurance

Suggested readings:

1. Agarwal, O.P., Banking and Insurance, Himalaya Publishing House

2. Satyadevi, C., Financial Services Banking and Insurance, S.Chand
3. Gordon and Gupta, “Banking and Insurance”, Himalya Publishing House
4. Chabra, T.N., Elements of Banking Law, Dhanpat Rai and Sons
5. Arthur, C. and C. William Jr., Risk Management and Insurance, McGraw Hill
6. Saxena, G.S; Legal Aspects of Banking Operations, Sultan Chand and Sons
7. Varshney, P.N., Banking Law and Practice, Sultan Chand and Sons
8. Jyotsna Sethi and Nishwan Bhatia, Elements of Banking and Insurance, PHI Learning

33
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 501 (C) – Advertising (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of this course is to familiarize the students with the basic concepts, tools
and techniques of advertising used in marketing.

Unit-I Introduction: 13 Lectures

Communication Process, advertising as a tool of communication, meaning, nature and importance of
advertising. Types of advertising, advertising objectives, Audience analysis, setting of advertising
budget, Determinates and major methods.

Unit-II Media Decisions: 13 Lectures

Major media types – their characteristics, internet as an advertising media, merits and demerits,
factors influencing media choice, media selection , media scheduling, advertising through the internet
media devices.

Unit-III Message Development: 13 Lectures

Message content, copy writing , effective copy, advertising appeals, types of appeal , essential of an
advertising appeal, celebrating endorsement

Unit-IV Advertising Budget and measuring advertising effectiveness: 13 Lectures

Meaning of advertising budget, methods of setting advertising budget, advertising budget process,
importance of measuring advertising effectiveness , pre and post testing techniques, problems in
measuring advertising effectiveness
Unit-V 13 Lectures
a) Advertising Agency
Meaning of advertising agency, definition , features of an advertising agency , Functions of an
advertising agency , types of advertising agency , client – agency relationship
b) Social , ethical and legal aspects of advertising in India.

Suggested Readings:

1. George E Belch, Michael A Belch, Keyoor Purani, Advertising and Promotion : An

Integrated Marketing Communications Perspective (SIE), McGraw Hill Education
2. S. Wats Dunn, and Arnold M. Barban. Advertising: Its Role in Marketing. Dryden Press
3. Burnett, Wells, and Moriatty. Advertising: Principles and Practice. 5th ed. Prentice Hall of
India, New Delhi.
4. Batra, Myers and Aakers. Advertising Management. PHI Learning.
5. Terence A. Shimp. Advertising and Promotion: An IMC Approach. Cengage Learning.
6. Sharma, Kavita. Advertising: Planning and Decision Making, Taxmann Publications
7. Jaishree Jethwaney and Shruti Jain, Advertising Management, Oxford University Press,
2012
8. Chunawala and Sethia, Advertising, Himalaya Publishing House
9. Ruchi Gupta, Advertising, S. Chand & Co.
10. O’Guinn, Advertising and Promotion: An Integrated Brand Approach, Cengage Learning.

34
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 502 (A) – Fundamentals of Investment (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To familiarize the students with different investment alternatives, introduce them to
the framework of their analysis and valuation and highlight the role of investor protection.
Unit I: The Investment Environment (10 Lectures)
The investment decision process, Types of Investments – Commodities, Real Estate and
Financial Assets, the Indian securities market, the market participants and trading of securities,
security market indices, sources of financial information, Concept of return and risk, Impact of
Taxes and Inflation on return.
Unit II: Fixed Income Securities (15 Lectures)
Bond features, types of bonds, estimating bond yields, Bond Valuation types of bond risks,
default risk and credit rating.
Unit III: Approaches to Equity Analysis (15 Lectures)
Introduction to Fundamental Analysis, Technical Analysis and Efficient Market Hypothesis,
dividend capitalisation models, and price-earnings multiple approach to equity valuation.
Unit IV: Portfolio Analysis and Financial Derivatives (15 Lectures)
Portfolio and Diversification, Portfolio Risk and Return; Mutual Funds; Introduction to
Financial Derivatives; Financial Derivatives Markets in India
Unit V: Investor Protection (10 Lectures)
Role of SEBI and stock exchanges in investor protection; Investor grievances and their
redressal system, insider trading, investors’ awareness and activism
Suggested Readings:
1. C.P. Jones, Investments Analysis and Management, Wiley, 8th ed.
2. Prasanna Chandra, Investment Analysis and Portfolio Management, McGraw Hill
Education
3. R.P. Rustogi, Fundamentals of Investment, Sultan Chand & Sons, New Delhi.
4. N.D. Vohra and B.R. Bagri, Futures and Options, McGraw Hill Education
5. Mayo, An Introduction to Investment, Cengage Learning.
6. Singh Preeti –Fundamentals of Investment Management-Himalaya Publishing House

35
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 502 (B) – BUSINESS TAX PROCEDURE AND MANAGEMENT (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To provide basic knowledge of business tax procedures and management under different
provisions of the Income tax.
Unit1: 18 Lectures
Advance payment of tax;
Tax deduction/collection at source, documentation, returns, certificates; Interest payable by Assessee/
Government; Collection and recovery of tax

Unit2: 17 Lectures
Assessment, re-assessment, rectification of mistakes
Appeals and revisions
- Preparation and filing of appeals with appellate authorities
- Drafting of appeal; statement of facts and statement of law

Unit3: 12 Lectures
Penalties and prosecutions, Settlement Commission, Search, seizure and survey

Unit4: 12 Lectures
General anti-avoidance rule Tax clearance certificate; Securities transaction tax

Unit5: 6 Lectures
Information Technology and Tax administration
TAN(TaxDeductionandCollectionAccountNumber),TIN(TaxInformationNetwork),e-filing of income
tax return- process and documents.

Suggested Readings:

1. Dey, S.K. and Das, A, Business Tax Procedure & Management, Kalyani Publishers.
2. Singhania,VinodK.andMonicaSinghania.CorporateTaxPlanningandBusinessTaxProcedures.
Taxmann Publications Pvt. Ltd., NewDelhi.
3. Ahuja,Girish. and RaviGupta.CorporateTax Planning and Management.BharatLaw House,
Delhi.
4. Singhania,Vinod K.and Kapil Singhania.TDSonCD.TaxmannPublicationsPvt.Ltd., NewDelhi.
5. Bajpai,OmShanker.Search,SeizureandSurvey.TaxmannPublicationsPvt.Ltd.,New Delhi.
6. Singhania, VinodK.andMonica Singhania. Students’ Guide to Income Tax Taxmann
PublicationsPvt.Ltd.,NewDelhi.
7. Ahuja,Girish.andGupta,RaviSystematicApproachtoIncomeTax.BharatLawHouse, Delhi.
8. AkhileshwarPathakandSavanGodiawala,BusinessTaxation,McGraw Hill Education

Journals
1. IncomeTaxReports,CompanyLawInstituteofIndiaPvt.Ltd.,Chennai.
2. Taxman,TaxmannAlliedServicesPvt.Ltd.,NewDelhi.
3. CurrentTaxReporter,CurrentTaxReporter,Jodhpur.

Note:Latesteditionoftextbooksmaybeused.

36
 B.COM (HONS): SEMESTER – V
Discipline Specific Elective Course
D 502 (C) – International Business (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The objective of the course is to familiarize the students with the concepts, importance
and dynamics of international business and India’s involvement with global business. The course
also seeks to provide theoretical foundations of international business to the extent these are
relevant to the global business operations and developments.
Unit I: 13 Lectures
a. Introduction to International Business: Globalization and its importance in world
economy; Impact of globalization; International business vs. domestic business:
Complexities of international business; Modes of entry into international business.
b. International Business Environment: National and foreign environments and their
components - economic, cultural and political-legal environments
Unit –II 13 Lectures
a. Theories of International Trade – an overview ( Classical Theories, Product Life Cycle
theory, Theory of National Competitive Advantage); Commercial Policy Instruments -
tariff and non-tariff measures – difference in Impact on trade, types of tariff and non tariff
barriers ( Subsidy, Quota and Embargo in detail) ; Balance of payment account and its
components.
b. International Organizations and Arrangements: WTO – Its objectives, principles,
organizational structure and functioning; An overview of other organizations – UNCTAD,;
Commodity and other trading agreements (OPEC).
Unit –III 13 Lectures
a. Regional Economic Co-operation: Forms of regional groupings; Integration efforts
among in Europe, North America and Asia (NAFTA, EU , ASEAN and SAARC) .
b. International Financial Environment: International financial system and institutions
(IMF and World Bank – Objectives and Functions) ; Foreign exchange markets and risk
management; Foreign investments - types and flows; Foreign investment in Indian
perspective
Unit –IV 13 Lectures
a. Organisational structure for international business operations; International business
negotiations.
b. Developments and Issues in International Business: Outsourcing and its potentials for
India; Role of IT in international business; International business and ecological
considerations.
Unit –V 13 Lectures
a. Foreign Trade Promotion Measures and Organizations in India; Special economic zones
(SEZs) and export oriented units (EOUs), ; Measures for promoting foreign investments
into and from India; Indian joint ventures and acquisitions abroad.
b. Financing of foreign trade and payment terms – sources of trade finance ( Banks,
factoring, forfaiting, Banker’s Acceptance and Corporate Guarantee) and forms of payment
(Cash in advance, Letter of Credit, Documentary Collection, Open Account)

Suggested Readings:

1. Charles W.L. Hill and Arun Kumar Jain, International Business. New Delhi: McGraw Hill
Education
2. Daniels John, D. Lee H. Radenbaugh and David P. Sullivan. International Business.
Pearson Education 37
3. Johnson, Derbe., and Colin Turner. International Business - Themes & Issues in the Modern
Global Economy. London: Roultedge.
4. Sumati Varma, International Business, Pearson Education.
5. Cherunilam, Francis. International Business: Text and Cases. PHI Learning
6. Michael R. Czinkota. et al. International Business. Fortforth: The Dryden Press.
7. Bennett, Roger. International Business. Pearson Education.
8. Peng and Srivastav, Global Business, Cengage Learning
9. Subba Rao P – International Business-Himalaya Publishing House

38
 B.COM (HONS): SEMESTER – V
Skill Enhancement Course
SE 504 – Computerised Accounting (2 Credit)
Full marks: 50 (Term End Only) Lecture: 30

Objectives: This course seeks to enhance the skills needed for computerized accounting
system and to enable the students to develop simple accounting applications.
Unit-I: Computerized Accounting: Using Generic Software 10 Lectures
Taxation: TDS, GST and Service Tax Auditing in Computerized Accounting system: Statutory
Audit and statutory returns, Voucher verification, Verification of related party transaction,
CAAT: Various Tools
Unit-II: Designing Computerised Accounting System 10 Lectures
Designing Computerised Accounting System using a DBMS Package Creating a voucher entry
Form, Preparing ledgers with SQL, Form, and Report Preparing Trial Balance with SQL and
Report
Unit-III: Designing Accounting Support System 10 Lectures
Designing Supplier and customers System for Accounting using Form, Query, Module, and
Report; Designing Payroll System for Accounting using Form, Query, Module, and Report

References:
1. Dahiya Usha & Nagpal Sapna, “ Computer Applications in Management” Taxmann
Publications
2. Sudalaimuthu-Computer Applciatin in Business-Himalaya Publishing House
3. Mohanty. R & Satapathy S.K. , “ Computer Application in Business Accounting – Himalaya
Publishing House
4. Sardana, “Computer Application”, Kalyani Publishers

39
 B.COM (HONS): SEMESTER – VI
Core Course
C 613 – Entrepreneurship Development (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: The purpose of the paper is to orient the learner toward entrepreneurship as a career
option and creative thinking and behavior.
Unit I: Introduction (12 Lectures)
Meaning, elements, determinants and importance of entrepreneurship and creative behavior;
Entrepreneurship and creative response to the society’ problems and at work; Dimensions of
entrepreneurship: intrapreneurship, technopreneurship, cultural entrepreneurship, international
entrepreneurship, netpreneurship, ecopreneurship, and social entrepreneurship
Unit II: Entrepreneurship and Micro, Small and Medium Enterprises (13 Lectures)
Concept of business groups and role of business houses and family business in India; The
contemporary role models in Indian business: their values, business philosophy and behavioural
orientations; Conflict in family business and its resolution
Unit III: Support to Entrepreneur (15 Lectures)
Public and private system of stimulation, support and sustainability of entrepreneurship.
Requirement, availability and access to finance, marketing assistance, technology, and industrial
accommodation, Role of industries/entrepreneur’s associations and self-help groups, The concept,
role and functions of business incubators, angel investors, venture capital and private equity fund.
Unit IV: Sources of business ideas and tests of feasibility. (15 Lectures)
Significance of writing the business plan/ project proposal; Contents of business plan/ project
proposal; Designing business processes, location, layout, operation, planning & control;
preparation of project report (various aspects of the project report such as size of investment,
nature of product, market potential may be covered); Project submission/ presentation and
appraisal thereof by external agencies, such as financial/non-financial institutions
Unit V: Mobilising Resources (10 Lectures)
Mobilising resources for start-up. Accommodation and utilities; Preliminary contracts with the
vendors, suppliers, bankers, principal customers; Contract management: Basic start-up problems
Suggested Readings:
1. Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.
2. Robert Hisrich, Michael Peters, Dean Shepherd, Entrepreneurship, McGraw-Hill Education
3. Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
Himalaya Publishing House.
4. Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.
5. Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.
6. Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New Delhi:
Prentice-Hall of India. ISBN-81-203-1690-8.
7. Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
ASEED.
8. SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.
9. K Ramachandran, Entrepreneurship Development, McGraw-Hill Education
10. SIDBI Reports on Small Scale Industries Sector.

40
 B.COM (HONS): SEMESTER – VI
Core Course
C 614 – Indirect Tax Laws (6 Credit)

Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To provide basic knowledge and equip students with application of principles
and provisions of GST and Customs Laws.

Unit I: GST: Introduction (18 Lectures)

Fundamentals of GST, Constitution [101st Amendment] Act, 2016, What is GST, Advantages
of GST, Need for GST in India, One Nation - One Tax, Dual GST Model, , Inter-State Vs
Intra-State Stock Transfers, , Goods and Services Tax Network [GSTN], Functions of GSTN
(i.e. Role assigned to GSTN) , GST Council, Definitions under CGST Laws

Unit II: GST: Levy and Collection of Tax (18 Lectures)

Supply, Scope of Supply, Non-taxable Supplies, Composite and Mixed Supplies, Levy and
Collection, Composition Levy, Exemptions, Person Liable to pay GST, Forward Charge,
Reverse Charge.

Unit III: Supply & Input Tax Credit (9 Lectures)

Time of supply, Place of supply, Value of supply, Change in rate of tax in respect of supply of
goods or services, Eligibility for taking Input Tax Credit (ITC), Input Tax credit in special
circumstances, Input Tax Credit in respect of goods sent for Job-Work, Recovery of Input Tax
Credit

Unit IV: Registration, Payment & Return (10 Lectures)

Persons not liable for Registration, Compulsory Registration in Certain Cases, Procedure for
Registration, Deemed Registration, Cancellation of Registration, Revocation of Registration,
Computation of Tax liability, payment of tax, Furnishing of Returns, First Return, Revision of
Returns, Penalty/Late Fee

Unit V: Customs Law & Tax (10

Lectures) Basic concepts of customs law, Territorial waters, high seas, Types of custom
duties – Basic, Countervailing & Anti- Dumping Duty, Safeguard Duty, Valuation,
Customs Procedures, Import and Export Procedures, Baggage, Exemptions

Suggested Readings:

1. Singhania Vinod K., Students’ Guide to GST and Customs Law, Taxmann Publications Pvt.
Ltd., Delhi.
2. V.S. Datey. GST Law and practice with Customs, Taxmann Publications Pvt. Ltd., Delhi,
3. Sanjeev Kumar. Systematic Approach to Indirect Taxes,
4. S. S. Gupta. Service Tax -How to meet your obligation Taxmann Publications Pvt. Ltd.
5.Grish Ahuja and Ravi Gupta, Indirect Taxes, Flair Publication Pvt. Ltd
6. Rajiv Mishra – Indirect Taxes-Himalaya Publishers
41
 B.COM (HONS): SEMESTER – VI
Discipline Specific Elective Course
D 603 (A) – Business Research Methodology (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: This course aims at providing the general understanding of business research and
the methods of business research. The course will impart learning about how to collect,
analyze, present and interpret data.
Unit I: Introduction 10 Lectures
Meaning of research; Scope of Business Research; Purpose of Research – Exploration,
Description, Explanation; Unit of Analysis – Individual, Organization, Groups, and Data
Series; Conception, Construct, Attributes, Variables, and Hypotheses
Unit II: Research Process 10 Lectures
An Overview; Problem Identification and Definition; Selection of Basic Research Methods-
Field Study, Laboratory Study, Survey Method, Observational Method, Existing Data Based
Research, Longitudinal Studies, Panel Studies
Unit III: Measurement Techniques 19 Lectures
Definition; Designing and writing items; Uni-dimensional and Multi-dimensional scales;
Measurement Scales- Nominal, Ordinal, Interval, Ratio; Ratings and Ranking Scale,
Thurstone, Likert and Semantic Differential scaling, Paired Comparison; Sampling –Steps,
Types, Sample Size Decision; Secondary data sources
Unit IV: Hypothesis Testing: 10Lecturers
Tests concerning means and proportions; ANOVA, Chi-square test and other Non-parametric
tests, testing the assumptions of Classical Normal Linear Regression
Unit V: Report Preparation 16 Lectures
Meaning, types and layout of research report; Steps in report writing; Citations, Bibliography
and Annexure in report; JEL Classification
References:
1. Krishnaswami O.R. : “Methodology of Research in Social Science ‘Himalaya
Publishing, Mumbai
2. Gupta Suresh: Research Methodology , Deep and Deep Publications, New Delhi
3. Kumar Ranjith: Research Methodlogy: A step by step Guide for Beginers, Sage
Publishers, New Delhi
4. Kothari, C.R, Research methodology, New Age International Publishers, New Delhi
5. Chawla & Sondhi, Research Methodology, Vikas Publishing House Pvt. Ltd, New
Delhi.
6. Majhi & Khatua, Reseach Methodology, Himalaya Publishing, Mumbai
42
 B.COM (HONS): SEMESTER – VI
Discipline Specific Elective Course
D 603 (B) – Industrial Relations & Labour Laws (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: To enable the students to learn the concepts of industrial relations including trade
unions, collective bargaining, discipline and various labour enactments.
Unit I: Industrial Relations (IR)
Concept of Industrial Relations; Nature of Industrial Relations; Objectives of IR; Factors affecting
IR in changing Environment, Evolution of IR in India; Role of State; Trade Union; Employers'
Organisation; Human Resource Management and IR Role of ILO in Industrial Relations,
International Dimensions of IR
Unit II: Trade Union
Trade Union: Origin and growth, unions after Independence, unions in the era of liberalisation;
Facters Affecting Growth of Trade Unions in India, Multiplicity & Recognition of Trade Unions;
Major Provisions of Trade Union Act1926
Unit III: Collective Bargaining and Workers' Participation in Management
a) Collective Bargaining: Meaning, Nature, Types, Process and Importance of Collective
Bargaining, pre-requisites, issues involved; Status of Collective Bargaining in India, Functions and
role of Trade Unions in collective bargaining
b) Workers' Participation in Management: Concent, practices in India, Works Committees, Joint
management councils; Participative Management and co-ownership; Productive Bargaining and
Gain Sharing
Unit IV: Discipline and Grievance Redressal
Discipline: Causes of indiscipline, Maintenance of discipline and misconduct; Highlights of
domestic enquiries; Principle of Natural Justice; Labour turnover; Absenteeism; Grievance:
Meaning of Grievance, Grievance redressal machinery in India, Grievance handling procedure;
salient features of Industrial Employment (Standing orders) Act 1946
Unit V:Legal aspects of Industries:
a) The Industrial Disputes Act, 1947: Definitions of Industry, workman, and Industrial Dispute;
Authorities under the Act: Procedure, Powers and Duties of Authorities; Strikes and Lock outs:
Lay-off and Retrenchment: Provisions relating to Layoff, Retrenchment, and closure
b) The Factories Act, 1948: Provisions relating to Health, Safety, Welfare facilities, working
hours, Employment of young persons, Annual Leave with wages
Suggested Readings:
1. PK Padhi, Industrial Relations and Labour Law, PHI Learning
43
2. Arun Monappa, Industrial Relations and Labour Law, McGraw Hill Education
3. SC Srivastav, Industrial Relations and Labour Law, Vikas Publishing House
4. C.S Venkata Ratnam, Industrial Relations, Oxford University Press
5. P.L. Malik’s Handbook of Labour and Industrial Law, Vol 1 and 2, Eastern Book
Company
6. JP Sharma, Simplified Approach to Labour Laws, Bharat Law House (P) Ltd

44
 B.COM (HONS): SEMESTER – VI
Discipline Specific Elective Course
D 603 (C) – Consumer Affairs & Customer Care (6 Credit)
Full marks: 100 (Mid Term-20+ End Term-80) Lecture: 65

Objective: This paper seeks to familarise the students with of their rights as a consumer, the
social framework of consumer rights and legal framework of protecting consumer rights. It also
provides an understanding of the procedure of redress of consumer complaints, and the role of
different agencies in establishing product and service standards. The student should be able to
comprehend the business firms’ interface with consumers and the consumer related regulatory and
business environment.

Unit I: Conceptual Framework Lectures-13

Consumer and Markets: Concept of Consumer, Nature of markets, Concept of Price in Retail
and Wholesale, Maximum Retail Price (MRP) and Local Taxes, Fair Price, labeling and
packaging
Experiencing and Voicing Dissatisfaction: Consumer Satisfaction/dissatisfaction-Grievances-
complaint, Consumer Complaining Behaviour: Alternatives available to Dissatisfied Consumers;
Internal and External Complaint handling: Corporate Redress Systems and Public Redress
Systems

Unit II: The Consumer Protection Act, 1986 (CPA) Lecture 13

Objectives and Basic Concepts: Consumer, goods, service, defect in goods, deficiency in service,
spurious goods and services, unfair trade practice, restrictive trade practice.
Organizational set-up under the Consumer Protection Act: Advisory Bodies: Consumer
Protection Councils at the Central, State and District Levels, Basic Consumer Rights;
Adjudicatory Bodies: District Forums, State Commissions, National Commission: Their
Composition, Powers, and Jurisdiction (Pecuniary and Territorial), Role of Supreme Court under
the CPA.
Unit III: Grievance Redress Mechanism under the Consumer Protection Act, 1986:
Who can file a complaint? Grounds of filing a complaint; Limitation period; Procedure for filing
and hearing of a complaint; Disposal of cases, Relief/Remedy to be provided; Temporary
Injunction, Enforcement of order, Appeal, frivolous and vexatious complaints; Offences and
penalties.
Seven Leading Cases decided under Consumer Protection Act: Medical Negligence;
Banking; Insurance; Housing & Real Estate; Electricity, Water, and Telecom Services; Education;
Defective Product; Unfair Trade Practice. Lectures-13

Unit IV: Industry Regulators and Consumer Complaint Redress Mechanism Lectures-13

i. Banking: RBI and Banking Ombudsman

ii. Insurance: IRDA and Insurance ombudsman
iii. Telecommunication: TRAI
iv. Food Products: FSSAI (an overview)
v. Electricity Supply: Electricity Regulatory c o mmi s s i o n
vi. Advertising: ASCI
Unit V: Consumer Protection in India 13 Lectures
Consumer Movement in India:; Evolution of Consumer Movement in India. Formation of
consumer organizations and their role in consumer protection, Recent developments in Consumer
Protection in India, National Consumer Helpline, Citizens Charter, Product testing.
Quality and Standardization: Voluntary and Mandatory standards; Role of BIS, Indian
Standards Mark (ISI), Ag-mark, Hallmarking, Licensing and Surveillance; ISO: An overview
45
Suggested Readings:

1. Khanna, Sri Ram, Savita Hanspal, Sheetal Kapoor, and H.K. Awasthi. Consumer Affairs”
(2007) Delhi University Publication. 334 pp.
2. Aggarwal, V. K. (2003). Consumer Protection: Law and Practice. 5th ed. Bharat Law
House, Delhi, or latest edition.
3. Girimaji, Pushpa (2002). Consumer Right for Everyone Penguin Books.
4. Nader, Ralph (1973). The Consumer and Corporate Accountability. USA, Harcourt Brace
Jovanovich, Inc.
5. Sharma, Deepa (2011).Consumer Protection and Grievance-Redress in India: A Study of
Insurance Industry (LAP LAMBERT Academic Publishing GmbH & Co.KG,
Saarbrucken, Germany. 263 pp.
6. Empowering Consumers e-book, www.consumeraffairs.nic.in
ebook, www.bis.org
7. The Consumer Protection Act, 1986
8. Bhatta KG- Customer Care Management-Himalaya Publishing House
9. Nair Suja – Consumer Behaviour – Himalaya Publishing House

46
 B.COM (HONS): SEMESTER – VI
Discipline Specific Elective Course
D 604 – Project (6 Credit)
Full Marks: 100

47
 SEMESTER I

G 101 ECONOMICS FOR BUSIMNESS MANAGERS

Objective: This course has been designed to study the application of concepts and principles of
micro economics and macro economics to support business decisions taken by firms. Simple
geometry and basic concepts of mathematics and statistics may be used in the course of
teaching.

Module -1 (10 Hours)

Introduction to Micro Economics: Demand(Meaning, Determinants & Law of Demand),

Supply(Meaning, Determinants & Law of supply) and Market equilibrium: Elasticity of
demand : Price elasticity of demand & determinants, other elasticity measures, Elasticity of
Supply: Price Elasticity of Supply & determinants; Theory of consumer behaviour : Cardinal
Utility Theory, Ordinal Utility Theory(Indifference curves, Budget line, Consumer Choice,
Price Effect, Substitution Effect, Income effect for Normal, Inferior and Giffen goods).

Module-2 (8 Hours)

Producer and optimal production choice: optimizing behaviour in short run (product curves,
law of diminishing marginal productivity, three stages of production), optimizing behaviour in
long run (iso-quants, iso-cost line, optimal combination of inputs). Costs and scale: cost
concepts, Cost in the short run, Cost in the long run.

Module-3 (9 Hours)

Market Structure: Perfect Competition (basic features, short run equilibrium of firm/industry,
long run equilibrium of firm/industry) ; Monopoly: basic features, short run equilibrium, long
run equilibrium, comparison with perfect competition, Price discrimination; Monopolistic
Competition: basic features, short run equilibrium, long run equilibrium, excess capacity) ;
Oligopoly: kinked demand curve model, dominant price leadership model.

Module- 4(10 Hours)

Introduction to Macro Economics; Distinction between Micro and macro Economics, Concepts
of National Income: Gross Domestic Product, National Income, Personal and Personal
disposable income, measurement of national income; Circular flow of National Income-Two
sector, three sector & four sector model;

Classical theory of income and employment and interest, Keynesian theory of Income and
employment: Effective Demand, components of aggregate demand, equilibrium income;
Consumption Function-APC & MPC, Concept of multiplier & Accelerator,

Module-5 (8 Hours)

Inflation: meaning, demand and supply side factors, consequences of inflation, anti-
inflationary policies.

Open Economy: Balance of payments, Foreign exchange Rates and Markets, fixed and flexible
exchange rate, monetary and fiscal policy in open economy.
48
Reference :

 Dominick Salvatore: Principles of Microeconomics, Oxford University Press

 Lipsey and Chrystal: Economics, Oxford University Press
 Koutosyannis: Modern Micro Economics, Palgrave Macmillan
 Pindyck, Rubinfeld and Mehta: Micro Economics, Pearson
 N Gregory Mankiw: Macroeconomics, Worth Publishers
 Olivier Blanchard: Macroeconomics, Pearson

49
 SEMESTER II
G 202 STATISTICS FOR BUSINESS DECISIONS
Objective: To familiarize the students with various Statistical Data Analysis tools that can be
used for effective decision making. Emphasis will be on the application of the concepts learnt.

Module I (8 hours)

Measures of Central Value: Characteristics of an ideal measure; Measures of Central Tendency

- mean, median, mode, harmonic mean and geometric mean. Merits, Limitations and
Suitability of averages. Relationship between averages. Measures of Dispersion: Meaning and
Significance. Absolute and Relative measures of dispersion Range, Quartile Deviation, Mean
Deviation, Standard Deviation, Coefficient of Variation, Moments, Skewness, Kurtosis.

Module II (10 hours)

Correlation Analysis: Meaning and significance. Correlation and Causation, Types of

correlation. Methods of studying simple correlation - Scatter diagram, Karl Pearson’s
coefficient of correlation, Spearman’s Rank correlation coefficient, Regression Analysis:
Meaning and significance, Regression vs. Correlation. Linear Regression, Regression lines (X
on Y, Y on X) and Standard error of estimate.

Module III (10 hours)

Analysis of Time Series: Meaning and significance. Utility, Components of time series,
Models (Additive and Multiplicative), Measurement of trend: Method of least squares,
Parabolic trend and logarithmic trend; Index Numbers: Meaning and significance, problems in
construction of index numbers, methods of constructing index numbers-weighted and un-
weighted, Test of adequacy of index numbers, chain index numbers, base shifting, splicing and
deflating index number.

Module IV (7 hours)

Probability and Sampling: Meaning and need. Theorems of addition and multiplication.
Conditional probability. Bayes’ theorem, Probability Distribution: Meaning, characteristics
(Expectation and variance) of Binomial, Poisson, and Normal distribution. Sampling: Concept,
types, sampling distribution and Central limit theorem.

Module V (15 hours)

Meaning and uses of index numbers; Construction of index numbers: fixed and chain
base: univariate and composite. Aggregative and average of relatives – simple and
weightedTests of adequacy of index numbers, Base shifting, splicing and deflating. Problems
in the construction of index numbers; Construction of consumer price indices: Important
share price indices, including BSE SENSEX and NSE NIFTY

References:

 S.P Gupta: Statistical Methods, Sultan Chand & Sons, Edition.

 Richard Levin & David Rubin: Statistics for management, Prentice Hall.
 Anderson, Sweeny & Williams: Statistics for Business and Economics, South Western.
 Srivastava and Rego: Statistics for management,
50 Mc Graw Hill education.
 SEMESTER III

G 301 PRINCIPLES OF MARKETING

Objective: This course aims to familiarize students with the marketing functioning
organizations. It will equip the students with understanding of the Marketing Mix elements and
sensitize them to certain emerging issues in Marketing. The course will use and focus on
Indian experiences, approaches and cases.

Module I (8 hours)

Introduction: Nature, Scope and Importance of Marketing, Evolution of Marketing; Core

marketing concepts; Company orientation -Production concept, Product concept, Selling
concept, Marketing concept, Holistic marketing concept. Marketing Environment:
Demographic, economic, political, legal, socio cultural, technological environment (Indian
context); Marketing Planning.

Module II (8 hours)

Segmentation, Targeting and Positioning: Levels of Market Segmentation, Basis for

Segmenting Consumer Markets,

Module III (11 hours)

Product & Pricing Decisions: Concept of Product Life Cycle (PLC), PLC marketing
strategies, Product Classification, Product Line Decision, Product Mix Decision, Branding
Decisions, Packaging & Labelling, New Product Development. Pricing Decisions:
Determinants of Price, Pricing Methods

Module IV (9 hours)

Promotion Mix: Factors determining promotion mix, Promotional Tools-basics of

Advertisement, Sales Promotion, Public Relations & Publicity and Personal Selling;

Module V (9 hours)

Place (Marketing Channels): Channel functions, Channel Levels, Types of Intermediaries:

Types of Retailers, Types of Wholesalers. Marketing of Services -Unique Characteristics of
Services, Marketing strategies for service firms – 7Ps

References:

 Kotler, P. & Keller, K. L Koshy ,Jha .: Marketing Management, Pearson.

 Ramaswamy, V.S. & Namakumari, S: ‘Marketing Management: Global Perspective-
Indian Context’, Macmillan Publishers India Limited.
 Rajan Saxena: Marketing Managment, Tata McGraw-Hill
 Zikmund, W.G. & D’ Amico, M.: Marketing, Ohio: South-Western College Publishing.

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 SEMESTER IV

G 402 HUMAN RESOURCE MANAGEMENT

Objective: The purpose of this course is to facilitate the students in acquiring specific
knowledge, skills, and abilities associated with human resource management so that they can
prepare themselves to perform the essential functions of human resource management after
they join organizations.

Module I (8 hours)

Human Resource Management: Concept, Functions, roles, skills & competencies, HRD-
definition, goals and challenges, The changing environment of HRM – globalization, cultural
environment, technological advances, Work life balance, HR role in strategy formulation &
gaining competitive advantage. HRM issues in Indian Organisations

Module II (10 hours)

Human Resource Planning: Process, Forecasting demand & supply, Skill inventories Human
Resource Information System (HRIS) succession planning, Job analysis – Uses, methods, Job
description & Job specifications. . Job enlargement, job enrichment . Recruitment, Selection &
Orientation: internal & external sources, e- recruitment, selection process, orientation process.

Module III (10 hours)

Training: Concept, Needs, Systematic approach to training, Methods of training, Performance

management system: concept, uses of performance appraisal, performance management
methods, factors that distort appraisal, appraisal interview. Career planning: career anchors,
career life stages,

Module IV (8 hours)

Compensation: Steps of determining compensation, job evaluation, components of pay

structure, factors influencing compensation levels, wage differentials & incentives, profit
sharing, gain sharing, employees’ stock option plans.

Module V (9 hours)

Industrial Relations: Introduction to Industrial Relations, Trade unions role, types, functions,
problems, industrial dispute- concept, causes & machinery for settlement of disputes-
grievance, concepts, causes & grievance redressal machinery, , Collective bargaining- concept,
types, process, problems, essentials of effective collective bargaining .

References:

 De Cenzo, D.A. & Robbins: Fundamentals of Human Resource Management, New

York: John Wiley & Sons. Dessler
 Dessler G: Human Resource Management, Pearson.
 Monappa & Saiyaddin: Personnel Management, Tata McGraw Hill.
 Rao, V.S.P.: Human Resource Management- Text and Cases, Excel Books.

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