UNIVERSITY OF PUNE

Master of Commerce (M.Com.) Semester System.

Revised with effect from June 2008.
1. Objectives :
a. To equip and train Post Graduate students to accept the challenges of Business World
by providing opportunities for study and analysis of advanced commercial and
business methods and processes.
b. To develop independent logical thinking and facilitate personality development.
c. To equip the students for seeking suitable careers in management and
entrepreneurship.
d. To study by students methods of Data collection and their interpretations.
e. To develop among students Communication, Study and Analytical skills.
2. Duration :
The M.Com. Course will be of Two Years duration consisting of Two part. i.e. Part I and Part
II. Each part is having Two Semesters. Thus the M.Com. Course is of Four Semesters. For
each Semester there will be Four Papers of 100 marks each. The M.Com. Degree will be of
1600 marks in aggregate.
3. Eligibility :
The student who has passed any Bachelors degree of this University or any other recognized
University shall be held eligible to be admitted to M.Com. Course.
4. The Scheme of Papers : The following will be the Scheme of papers.:

M.Com Part II

Paper Code Semester IV

401 Capital Market and Financial Services
A- Global Economic Environment
402 OR
B- Operations Research
403 Special Subject Paper VII
404 Special Subject Paper VIII (Project Work/Case Studies)

5. List of Papers
A list of Special Subjects is given below:
A student can select any one of the Subjects of the following which shall be common for all
Semesters.

A. Advanced Accounting And Taxation

Paper VII [403] : Recent Advances in Accounting, Taxation and Auditing
Paper VIII [404] : Project Work/Case studies

| M.Com. Part II, Semester IV. 1

 B. Advanced Cost Accounting and Cost Systems
Paper VII [403] : Recent Advances in Cost Accounting and Cost Systems
Paper VIII [404] : Project Work/Case studies

C. Business Practices And Environment

Paper VII [403] : Recent Advances in Business Practices and Environment
Paper VIII [404] : Project Work/Case studies

D. Business Administration
Paper VII [403] : Recent Advances in Business Administration
Paper VIII [404] : Project Work/Case studies

E. Commercial Laws and Practices

Paper VII [403] : Recent Advances in Commercial Laws and Practices
Paper VIII [404] : Project Work/Case studies

F. Co-operation and Rural Development

Paper VII [403] : Recent Advances in Co-Operation and Rural Development
Paper VIII [404] : Project Work/Case studies

G. Advanced Banking and Finance

Paper VII [403] : Recent Advances in Banking and Finance
Paper VIII [404] : Project Work / Case studies

H. Advanced Marketing
Paper VII [403] : Recent Advances in Marketing
Paper VIII [404] : Project Work / Case studies

6. Scheme of Teaching :
There will be 4 periods of 60 minutes each per week per paper. The College/Department is
to arrange for teaching of both Part I and II courses simultaneously.

7. Scheme of Examination :
For each Paper, there will be Mid Semester Examination of two hours duration of 60
Marks.(to be converted into out of 20). The Semester and Examination will be of three hours
duration of 100 marks, which will be converted into out of 80 marks for Regular students. The
question paper for both the Examinations will be based on testing the knowledge of theory,
applicability and problems or cases wherever applicable as detailed in syllabi. The Mid-
Semester Examination will be conducted once in the Academic Year. The candidate will be
allowed to join Part II of M.Com. course irrespective of the number of backlogs at the First
and Second Semester .

| M.Com. Part II, Semester IV. 2

8. Project Work / Case Studies.
a. For Regular students Project Work is compulsory. The option of Case Studies is only
for the student registered as an External student.
b. The Project Viva – Voce Examination will be conducted at the end of IV the Semester
but before the Theory Examination. There will be a panel of Internal and External
Examiners appointed by the University to conduct the viva voice Examination. The
Examination will be conducted at various centers as per Progremme.
c. The Project Work will carry 100 marks, divided as follows :
Written Project Report 60 Marks
Viva voice based on Project 40 Marks

For External Students, there will be an Examination in Case Studies carrying

100 Marks.
d. The Principal of the College shall pay the remuneration in respect of viva voice
examination to Examiners and other non-teaching staff out of Examination grant, as
per scale of remuneration prescribed by the University.

The Honorarium need to be paid to the Internal teachers by the college for project
evidence work.
e. The Students will be required to prepare the Project Report based on the field work
and study of the current trends under the guidance of his Project Guide.

The Project Work shall be done individually by the candidate in consultation with
Project Guide. The Students should take guidance from Internal Guide and prepare
Project Report in Two copies to be submitted to the Principal / Head of the
Department. The Project Report shall consist about 50 to 60 pages.

9. Standard of Passing.
A. Regular students :- A candidate is required to obtain 40% marks in each of course in
both Mid Semesters and Semester end. It means passing separately at Mid-Semester
and semester Examinations is compulsory.
B. External students :- A candidate is required to obtain at least 40% marks out of 100 in
each course.

10. Award of Class.

a. The class in respect of M.Com. Examination will be awarded on the basis of aggregate
marks obtained by the candidates in all the sixteen papers at the Semester I, II, III, IV
together.
The Award of class shall be as under :-

Marks Obtained Class

70% and above First Class with Distinction.
60% and above but less than 70% First Class.
55% and above but less than 60% Higher Second Class.
50% and above but less than 55% Second Class.
40% and above but less than 50% Pass Class.
Less than 40% Fail.

| M.Com. Part II, Semester IV. 3

 b. Improvement :- A candidate having passed M.Com. Examination will be allowed to
improve the performance. The same is termed as ‘Class Improvement Scheme’ under
which improvement of performance shall be allowed only at the Semester end
Examination.
c. A candidate after passing M.Com. examination will be allowed to appear in the
additional Special Subject after keeping necessary terms in the concerned special
subject only, for which a passing certificate will be issued.

11. Medium of Instruction :

The use of Marathi is allowed for writing answers in the examination except for following
courses:
a. Management Accounting
b. Financial Analysis & Control
c. Business Statistics,
d. Advanced Accounting and Taxation
e. Advanced Cost Accounting and Cost Systems.

12. A student (Regular / External) will be admitted to Revised M. Com. Course with effect from
June 2008. For the students who have completed the terms for the First Year as per Old
Course will be admitted to the Second Year as per Old Course M. Com. The examination as
per Old Course will be held simultaneously for three years from April / May 2009.

13. Qualification of the Teachers :

The Teachers recognised to teach the subjects as per Old Course shall be deemed to be
recognised in the corresponding equivalent subjects under Revised Course.
In case of: A) Business Statistics, B) Industrial Economics, C) Co-operation and Rural
Development, D) Advanced Banking and Finance and E) Research Methodology and Project
Work- Paper-IV of each Special Subject, the following qualifications be made applicable.

A. Business Statistics : M.Com, M.Phil with Statistics or Research Methodology as one

of the Papers at M.Com /B.Com /M. Phil examination with 5 years degree teaching
experience or M.A./M.Sc. With Statistics having 5 years degree teaching experience.
B. Industrial Economics : M.Com., M. Phil with Business Economics/Economics of
Industries or Economics as one of the papers at B. Com/ M.Com Examination with 5
years degree teaching experience or M.A. Economics with 5 years degree teaching
experience.
C. Co-operation and Rural Development : M. Com, M. Phil. With 5 years degree
teaching experience or M.A. Economics (with Co-operation Rural Economics)
D. Advanced Banking and Finance: M. Com., M. Phil., with Banking as one of the
papers at B.Com/M.Com examination 5 years degree teaching experience.
E. Research Methodology and Project Work : M.Com., M.Phil./Ph.D. with 5 years
degree teaching experience.

------------o-----------

| M.Com. Part II, Semester IV. 4

 M.Com Part II
Semester System
Semester IV
Subject
Subject Title
Code
401 Capital Market and Financial Services
A. Global Economic Environment
402 OR
B. Operations Research
Special Elective Subjects
A – Advanced Accounting and Taxation
403 Paper VII Recent Advances in Accounting, Taxation and Auditing.
404 Paper VIII Project Work / Case Studies.
B – Advanced Cost Accounting and Cost Systems.
403 Paper VII Recent Advances in Cost Accounting and Cost System.
404 Paper VIII Project Work / Case Studies.
C – Business Practices and Environment
403 Paper VII Recent Advances in Business Practices and Environment
404 Paper VIII Project Work / Case Studies.
D – Business Administration
403 Paper VII Recent Advances in Business Administration.
404 Paper VIII Project Work / Case Studies.
E – Commercial Laws and Practices
403 Paper VII Recent Advances in Commercial Laws & Practices.
404 Paper VIII Project Work / Case Studies.
F – Co-Operation and Rural Development
403 Paper VII Recent Advances in Co-Operation and Rural Development
404 Paper VIII Project Work / Case Studies.
G – Advanced Banking and Finance
403 Paper VII Recent Advances in Banking and Finance.
404 Paper VIII Project Work / Case Studies.
H – Advanced Marketing
403 Paper VII Recent Advances in Marketing.
404 Paper VIII Project Work / Case Studies.

| M.Com. Part II, Semester IV. 5

 M.Com Part II
Semester IV

COMPULSORY PAPER
Capital Market and Financial Services
Course Code -: 401

Objective :
To enable students to acquire sound knowledge, concept and structure of capital market
and financial services

Unit
Topic Periods
No.
Capital market
Meaning, Functions, Structure, Characteristics, Participants of capital
1. market - Capital market instruments, Equity share, Preferences shares, 10
Debenture, Bonds - Innovative debt instruments - Forward contracts,
Futures contract - Options contract
Stock Market
Stock exchange: organization-membership-governing body - Bombay stock
exchange, National Stock Exchange and Over the Counter Exchange of
India (OTECEI)
2. 1. Primary market - Functions of primary market - issue mechanism, 10
participants
2. Secondary market : Objectives, functions of secondary markets,
stock broking, e-broking, depository system-functions and benefits
stock market trading-derivatives trading
Listing Regulations
Introduction-Advantages of listing, Central listing authority
3. 6
(CLA), Regulation 2003-Delisting of securities guidelines, guidelines for
listing agreements
Financial Services
Merchant banking-meaning-functions and services rendered Mutual funds:
Meaning, functions-Types-Open and closed ended funds-income funds-
4. 12
balanced fund, growth fund-index fund Portfolio management-meaning
and services Credit rating-meaning and need, various credit rating
institutions-
Securities and Exchange Board of India (SEBI) Background,
5. Establishment, functions, powers, achievements and regulatory 4
aspects and
Foreign Capital
Foreign investment: Meaning, need. Indian direct investment abroad,
6. 6
external commercial borrowing (ECB) Indian Depository Receipts (IDR),
Foreign institutional investors (Flls), Regulation of foreign capital.
Total 48

| M.Com. Part II, Semester IV. 6

 Recommended Books :
1. M.Y. Khan: Indian financial system-Tata Mcgraw Hill Publishing Co. Ltd.
2. Frank J.Fabozzi & Franco Modigliani : Capital markets institutions and instruments -
Prentice Hall of India, New Delhi
3. Fredric Mishkin and Stanley Eakins, Financial Markets and Institutions, Pearson Prentice
Hall, Boston san Francisco, New York.

| M.Com. Part II, Semester IV. 7

 M.Com Part II
Semester IV

COMPULSORY PAPER
Global Industrial Environment
Course Code -: 401-A

Objectives:
1. To know and understand the impact of globalization on trade, commerce and industry.
2. To study the growth and development of Indian Industries.

Unit
Topic Periods
No.
Industrial Finance
Meaning and need of Industrial Finance.
1. 1.1 Internal sources of industrial finance 08
1.2 Foreign sources of industrial finance – Direct investment, institutional
investment, Non Resident Investments
Industrial Growth in India
2.1 Review of Industrial Progress since 1991
2. 08
2.2 Industrial policy 1991
2.3 Export-Import Policy since 1991
Effects of Liberalization, Privatization and Globalization
(LPG)
3.1 Privatization – concept, methods and impact on
Indian Industry.
3. 08
3.2 Liberalization – Concept and background, effects on
Indian Industry.
3.3 Globalization – Concept and effects on Indian
Industry.
Importance and progress of select industries in India.
4.1 Iron and steel
4. 4.2 Agro and allied industry, sericulture, floriculture and 08
4.3 Information Technology(IT) & Information Technology Enabled
Services. (ITES)
Foreign Capital
5.1 Role of Foreign Capital
5. 5.2 Indian Government. Policy towards foreign capital since 1991. 08
5.3 Multinational Corporations (MNCs) – meaning, objectives,
advantages and disadvantages.
Industrial Labour
6.1 Features of Industrial Labour
6. 08
6.2 Present Problems of Indian industrial labour.
6.3 Outsourcing Labour and Contract Labour-Meaning & concepts
Total 48

| M.Com. Part II, Semester IV. 8

 Recommended Books
1. S. C. Kuchal – Industrial Economy of India. 1981
2. D. R. Gadgil – Industrial Evolution in India, Oxford.1948
3. K. V. Sivayya and V.B.M. Das – Indian Industrial Economy, Chand and Co. Ltd. New
Delhi 1999
4. S. C. Kuchal – Major Industries in India, Chaitanya Publishing House, Allahabad.
5. Francis Cherunilam – Industrial Economics – Indian Perspective, Himalaya Publishing
House, Mumbai.1999
6. Wadilal Dagli – A profile of Indian Industry, Vora and Co. Mumbai.
7. Dutt and Sunderam – Indian Economy, S. Chand and Co. 2008

| M.Com. Part II, Semester IV. 9

 M.Com Part II
Semester IV

COMPULSORY PAPER
Operation Research
Course Code -: 401-B

Objectives:
1. To know and understand the concepts, techniques and applications of Operations Research
2. To develop the skills of solving real life problems using Statistical Methods.
3. T enhance students understand the art of applying statistical techniques to solve some real
life problems.
4. To gain knowledge of Statistical Computations

Unit
Topic Periods
No.
Statistical Decision Theory
1.1 Decision making under risk EMV, EOL criteria.
1.2 Decision making under uncertainty
1. 1.3 Determination of optimal strategy by using maximin, maximax, minimax 08
regrets Laplace and Hurwitz’s criteria.
1.4 Decision tree diagram
1.5 Numerical problems.
Game Theory
2.1 Introduction
2.2 Two person zero sum game, saddle point, pure strategy, Mixed strategy.
2. 08
2.3 Dominance principle.
2.4 Algebraic system of solving 2X2 game.
2.5 Numerical problems
Linear programming problem (L.P.P.)
3.1 Solution of L.P.P. by simplex method
3.2 Big- M method.
3. 3.3 Special case, degeneracy, alternate solution, unbounded solution, 08
infeasible solution.
3.4 Formation and dual of a L.P.P.
3.5 Numerical problems.
Transportation Problem (T.P.)
4.1 Definition, Balanced and unbalanced T.P.
4.2 Methods of finding Initial Basic feasible solution (I.B.F.S.)
a. North west corner method b. Matrix Minima method
4. 08
c. Vogel’s approximation method.
4.3 Optimal solution by U-V method
4.4 Maximization and degeneracy in T.P.
4.5 Numerical problems.

| M.Com. Part II, Semester IV. 10

 Network Models
5.1 Weighted route diagram
5. 5.2 Minimal spanning tree 08
5.3 Shortest route algorithm
5.4 Numerical problems
Max-Min Networks
6.1 Model definition
6. 6.2 Maximum flow 08
6.3 Minimum cost capacitated network
6.4 Numerical problems
Total 48

Recommended Books :
1. Operations Research – Kanti Swarup, Gupta, Manmohan
2. Quantitative Techniques for Managerial Decisions –Jhamb L.C.
3. Operations Research – V.K.Kapoor
4. Operations Research –Hamdy Taha.

| M.Com. Part II, Semester IV. 11

 M.Com Part II
Semester IV

(A) Advanced Accounting and Taxation.

Paper VII : Recent Advances in Accounting, Taxation and Auditing.
Course Code -: 403
Objectives:
1. To up-date the students with latest developments in the Subject.
2. To inculcate the habit of referring to various periodicals and publications in the given
subject, apart from text books and reference books
3. To develop the ability to read, understand, interpret and Summaries various articles from
newspapers, journals etc.

Unit
Topic Periods
No.
1. IFRS (International Financial Reporting Standards 04
A Study of Managerial Discussion And Analysis as per
2. 02
Section 49 of Listing agreement
3. Corporate Governance Compliance by Companies 02
4. Accounting and Taxation aspects of Carbon Credit Trading 02
5. Environmental Accounting 02
6. Forensic Accounting 02
7. Lean Accounting 02
8. Responsibility Accounting 02
9. ESO (Employee Stock Options ) Accounting 02
10. XBRL (Extensible Business Reporting Language) 02
11. Transfer Pricing 02
Accounting for KPO (Knowledge Process Outsourcing) and
12. 04
BPO ( Business Process Outsourcing)
13. Accounting for NGO Grants 02
14. Introduction of accrual method for Government Accounting 02
15. Disclosures in Financial Statements- Recent Trends 04
16. Accounting for Human resources 02
17. Accounting for Intellectual Property Rights 02
A Brief Study of
18. a. Accounting for Derivatives 04
b. Accounting for Retirement Benefits as per AS-15
19. Creative Accounting 02
20. Strategic Management Accounting 02
Total 48

| M.Com. Part II, Semester IV. 12

 Recommended Books
1. The Accounting World: The ICFAI University Press
2. The Chartered Accountant: The ICAI New Delhi
3. Management Accountant: ICWA Kolkatta
4. Journal of Accounting & Finance: Accounting Research Foundation Jaipur

| M.Com. Part II, Semester IV. 13

 M.Com Part II
Semester IV

(A) Advanced Accounting and Taxation.

Paper VIII : Project Work / Case Studies (For Internal Students Only)
Course Code -: 404

Project Work in Accountancy

A student can select a topic relating to principles practices and procedures of
accounting auditing taxation and management accounting. A topic from contents of the syllabus of
the papers studied at M.Com. Part I or Part II under special paper Accountancy & Taxation can also
be selected. Pick up any unit studied and try to connect it to commercial world around e.g. in taxation
a student has studied taxation of a company, then he can select a topic “Tax Planning of a particular
company” or “a study of taxation of an Educational Institute.” On this line following areas have been
listed out for project work in Accountancy. :-

AREAS FOR PROJECT WORK IN ADVANCED ACCOUNTING AND TAXATION:

The Following is the list of topics for Project work in Accounting.

1. Financial statement Analysis of –

a. A Limited Company for 5 years
b. Five Companies of five different industries
c. Five companies of one industry e.g. Automobile, Engineering, Textile
d. Five banks from Private sector/Co-op. sector
2. Study of Working Capital Management of a large Company.
3. Study of Budgetary Control System of four Companies
4. Study of Management Information System of four Companies.
5. Procedure of preparation of Consolidated Balance Sheet by Holding Company having
two/three subsidiaries companies.
6. Valuation of Shares of 10 unlisted Companies.
7. A study of Amalgamation/Merger of procedure of two Companies(Accounting procedure)
8. A comparative study of Accounting System of Hotel industry – Five Star, Three star, large
Hotel and small Hotel.
9. Comparative study of Accounting of Hospitals from Private sector, Trust and Small Hospital.
10. Study of Accounting for Grants to school, college, institute.
11. Application of Inflation Accounting to a large Company’s Balance Sheet.
12. Human Resource Accounting for Software, Marketing, Consulting Company
13. Preparation of Value Added Statements of a Company and its comparison with Conventional
Accounting Statement.

| M.Com. Part II, Semester IV. 14

14. Preparation of Economic Value Added Statement of a Company and its comparison with
Conventional Accounting Statement.
15. A study of Application of Accounting Standards of five Companies.
16. Audit planning of five firms of Auditors.
17. A study internal Audit system of four companies.
18. Tax Planning of 10 assesses
19. Tax Planning regarding purchase of House Property.
20. Tax planning of Partnership Firm/ Limited Company.
21. Taxation of Public Trust
22. A study of Perquisites and its impact on Taxable Income Employees from 10 different
Companies.
23. A study of ten Export Oriented Units from Taxation point of view.
24. Financial viability of five Co-operative Sugar Factories.
25. Comparative Study of Taxable Income of Individuals and HUFF
26. Problem of units paying Service Tax
27. Accounting for Tour and Travel business.
28. Comparative Study of Housing Loan Schemes of Banks and Financial Institutions.
29. Comparative Study of Fees Structure of Non-grant and Grant In Aid Educational Institutions.
30. A survey of 20 shareholders regarding utility of Published Annual Accounts of Company.
31. Study of Investment Pattern of 20 Individuals from Taxation point of view.
32. Preparation of Project Report for Small Scale Industry, Hotel, Xeroxing business, Computer
Institute, Hospital, Transport Business, Petrol Pump.
33. Ascertainment of Cost of Capital from Annual Accounts of five Companies.
34. A financial viability study of Sick Industrial Companies.
35. A study of Tax Audit Report of Non-Corporate and Corporate Assesses.
36. A study of Secretarial Audit Report of five companies.
37. A study of Cost Audit Report of two companies.
38. A study of Government system Audit of Commercial Undertaking/Local bodies.
39. Commentary on Public Accounts Committee of Central Government.
40. A comparative study of different Accounts Software e.g. Tally, SAP, ERP, Local Software etc.
41. Consolidation procedure of different units of an Educational Society.
42. A study of Significant Accounting Policies of different Companies from different Industries.
43. A study of Qualified Audit Reports of different Companies.
44. Comparative study of Advances of Credit Co-op. Societies and Urban Co-op Banks.
45. Preparation of Project Report of Agro based industries, Poultry Farming, Dairy business,
Nursery, Horticulture farm.
46. A study of Vehicle Loan schemes of different Banks.
47. Excise Accounting at manufacturing unit.
48. A comparative study of NPA of Urban Co-op Banks
49. A study of Corporate Responsibility Statements of Annual Accounts of 10 Companies
50. A study of Cash Flow Statement from Annual Accounts of 10 Companies.
51. Accounting of Leasing and Finance Companies.
| M.Com. Part II, Semester IV. 15
52. A study of Accounting of Electricity Company, (Tata Power, Ahmedabad Electricity Power
Co. Ltd.)
53. An exemption under Income Tax Act, availed by 10 different assesses.
54. A comparative financial analysis of running of Luxury buses by private operators and State
Transport Corporation.
55. Financial Analysis of Produce Exchanges at Taluka Level.
56. Comparative study of Annual Report of 3 Co-op Banks for the year ending 2008-09.
57. Comparative study of Annual Report of 3 Limited companies for the year 2008-09
58. Various Accounting Policies followed by Financial Institutions.
59. Impact of IRAC Norms of financial position of any co-operative bank over last 3 years.
60. Audit classification of a Credit Co-op. Society for last 2 years.
61. Determination of Taxable Income of a Charitable Hospital as per Section 11,12,12A & 35 of
I..T. ACT.. Act. 1961.
62. Accounting Standards, their application by the limited company to its annual accounts.
63. Comparative study of effect of Depreciation Allowance on Book Profit & taxable profits of a
limited company for 3 years including carried forward and set-off.
64. Analysis of any three recent cases decided by High Court.
65. Study of fraud cases detected by application of S.A.P.
66. Comparative study of Financial Statements of Educational Institutions for 2 years.

| M.Com. Part II, Semester IV. 16

 M.Com Part II
Semester IV

(B) Advanced Cost Accounting and Cost Systems.

Paper VII : Recent Advances in Cost Accounting and Cost Systems.
Course Code -: 403
Objective :-
To provide knowledge on Recent Advances in Cost Accounting and Cost Systems.

Level of knowledge: -Advanced

Unit
Topic Periods
No.
Cost Accounting Standards (CAS) : -
1. CAS-1 to 5 and 7 (Final) and CAS-6, CAS-8 to 12 08
(Drafts and Amendments Subject to finalization from time to time)
www.myicwai.org & www.aicmas.com can be referred
Excise Audit, VAT Audit and Productivity Audit : -
U/S 14A, 14AA, Under Central Excise Act and VAT Audit with reference
2. to Meaning, Scope, Procedure and Reports. 12
Productivity Audit-Meaning, Problems of Productivity Audit and Means to
overcome the problems.
Enterprise Resource Planning (ERP):-
3. Introduction, Features and benefits of ERP 04
Reasons for implementation
5 S and Six Sigma and Cost Control:-
A) 5 ‘S’ and Cost Control :-
Meaning, phases-
i. Seiri
ii. Seiton
iii. Seiso
iv. Seiketsu
4. 16
v. Shitsuke
Implementation and Utility of 5S

B) Six Sigma and Cost Control :-

Historical review-origin & meaning Sigma level-Methods-DMAIC &
DMADV Case study with reference to Mumbai Dabewala and their cost
implications (Refer- Material available on internet)
Study of Journal– Management Accountant: -
(8) By reading of Journal of the ICWAI- ‘Management Accountant’
5. 08
Issues from July to September (of the respective Academic Year) and
getting acquainted with recent changes and developments.
Total 48

| M.Com. Part II, Semester IV. 17

 Books for Study
1. Indirect Taxes-V.S.Datey
2. Indirect Taxes- Ahuja
Journals
1. Management Accountant - ICWAI, Publication
2. Cost Accounting Standards-Issued by ICWAI, Kolkatta

| M.Com. Part II, Semester IV. 18

 M.Com Part II
Semester IV

(B) Advanced Cost Accounting and Cost Systems.

Paper VIII :- Project Work (For Internal Students Only)
Course Code -: 404

Project work will carry 100 marks. For regular students, project work is compulsory.
The option of Case Studies is only for the students registered as an external student. Students are
expected to prepare the project report based on the field work and survey and studying the current
trends under the guidance of their guide teacher. They will have to submit the report on 31st March
every year. Project viva voce will be conducted at the end of IV the semester but before theory
examination.

Guidelines Areas of Project Work Marks-100

Students are required to visit a unit in concerned industry and submit their report on any of
the following project topics.

1. Marginal Costing: Visit to any manufacturing or service industry and to study the application of
marginal costing technique in taking managerial decisions.
2. Budgetary Control: Visit to any industry. A study of Budgetary Control system established
therein and used for cost control purpose.
3. VAT Audit: Visit to any trading concern Chartered Accountant or Cost Accountant;
understanding the actual procedure of VAT audit, its implication & benefits.
4. Excise Audit: Visit to any manufacturing unit (eligible for excise audit) or cost accountant; to
understand the actual procedure of Excise audit, its importance and benefits.
5. CAS 6: Visit to the excise department/Office or cost accountant; Understanding the cost
accounting Standard No.6; its utility and benefits to the concerned and excise department.
6. Cost Audit: Visit to cost accountant understanding the procedure of cost audit; cost accounting
record rules of the respective industry and preparation of cost audit report.
7. Standard costing: Visit to any Engineering concern and collecting information about different
cost standards adopted by the company; procedure used for setting standards and variance
analysis used for cost control.
8. Process Costing: Visit to sugar industry & understanding the use of process costing method in
the factory; cost analysis at each stage in particular and cost analysis in general done in the
sugar factory.
9. Pricing Decisions: Visit to any industry & understanding the different methods and techniques
use by the concern in pricing different products.
10. Cost Control and cost reduction: Visit to any manufacturing concern and understanding the
different methods used fruitfully by the concern in cost control and cost reduction maximize the
profit.
11. Contract costing: Visit to any construction contracting firm and understanding ascertainment of
contract cost, allocation and apportionment of different expenses and apportionment of profit
on incomplete contract.
12. Costing in service industry: Visit to any hotel, airlines, hospitals or any other service industry
and understanding the costing methods used in the concerned service industry and its utility to
ascertain the cost of service rendered corrected as well as for controlling the cost.
19
13. Recent developments in cost accounting:
14. Application of activity based costing:
15. Study of job evaluation and merit rating in industrial unit:
16. Application of target costing:
17. Cost reduction program and its implementation:
18. A study of working capital management:
19. A survey and analysis of capital budgeting methods:
20. Study of costing techniques and its use in decision making:

20
 M.Com Part II
Semester IV

(C) Business Practices and Environment

Paper VII : Recent Advances in Business Practices and Environment
Course Code -: 403

Objective : To provide knowledge and understanding of recent advances in Business Practices.

Unit No. Topic Periods

Industrial, investment & infrastructure policy of
Maharashtra 2006
A) Thrust Areas.
1) Agro processing Policy
2) Textile Policy.
3) Retail Policy.
4) Infrastructure development Policy.
1. 5) Cluster Approach for Development. 16

B) Marketing Assistance.
1) Gram Udyog Vasahats.
2) Urban Haat.

C) H.R. initiatives- Labour Market Information cell (LMIC) Service training institute
(STI).
A) Recent Scheme by micro small & medium enterprises
2. (MSME). 08
B) Rajeev Gandhi Udyami Mitra Scheme (RGUMI).
Self help Group
3. Definition, Meaning & Evolution, Nature & Scope of BPL & 08
APL, Modus operandi advantage Do’s & Don’t self- help group.
Environment Audit
4. 08
Nature, Scope & importance, Types, Limitation
Corporate Governance
5. Role & implication, Transparency & corporate discloser, Nominee 08
Direct role.
Total 48

21
 M.Com Part II
Semester IV
(C) Business Practices and Environment
Paper VIII : Project Report (For Internal Students Only)
Course Code -: 404

There will be a project work carrying 100 marks for internal students only. The
students will have to select a subject from any area of the syllabi for Business- Administration. The
students will have to work under the guidance of concerned subject teacher.

The project will carry total 100 marks out of which sixty marks will be allotted for
Project Report and 40 marks will be allotted for Project Viva Voce to be conducted by internal
teacher and external teacher (examiner) appointed by the University.

Note: The list of suggested areas for project work will be notified in due course.

Case Studies:
There will be a paper of case studies for external students. The paper will be set for 80 marks- to be
converted to 100 marks. Total 20 cases will be selected from standard book for study. In the
question paper 3 cases out of 20 (twenty) cases will be covered, each carrying twenty (20) marks.
One unseen case also will be covered & it will carry twenty (20) marks.

Note: The paper of case studies will be offered only by external students only.

22
 M.Com Part II
Semester IV
(D) Business Administration
Paper VII : Recent Advances in Business Administration.
Course Code -: 403
Objectives :
To acquaint the students with current trends in Business Administration

Unit No. Topic Periods

Contemporary Issues in Business Administration.
1.1 Change management – Concept, Significance.
1.2 Managing change-Important feature Dimensions.
1. 10
1.3 Approaches towards managing change.
1.4 Futuristic and strategic approach toward changing business
Environment.
Approaches to quality management.
2.1 Kaizen.
2. 2.2 Total Quality management. 10
2.3 Six sigma Technique feature & utility.
2.4 Five’s system of Quality management
Enterprise Resource Planning
5.1 Concept & features of E. R. P.
3. 5.2 Tools of E. R. P. 10
5.3 Applying E. R. P. In business.
5.4 Computers & E. R.P.
Cross- Cultural management system
4.1 Global management system- Concept, & Significance.
4.2 Issues in cross cultural management.
4. 10
4.3 Acquisition & mergers- Role & importance
4.4 Current Trends in acquisitions & mergers national & International
scenario.
Turn Around management
5.1 Concept & Significance of turn around management.
5.2 Techniques of turn around management.
5. 08
5.3 Turn around management prerequisite for success.
5.4 Take over & turn around management.
5.5 Restructuring & Reorganization of business.
Total 48

23
 M.Com Part II
Semester IV
(D) Business Administration
Paper VIII : Project Work (For Internal Students Only)
Course Code -: 404

There will be a project work carrying 100 marks for internal students only. The
students will have to select a subject from any area of the syllabi for Business- Administration. The
students will have to work under the guidance of concerned subject teacher.

The project will carry total 100 marks out of which sixty marks will be allotted for
Project Report and 40 marks will be allotted for Project Viva Voce to be conducted by internal
teacher and external teacher (examiner) appointed by the University.

Note: The list of suggested areas for project work will be notified in due course.

Case Studies:
There will be a paper of case studies for external students. The paper will be set for 80
marks- to be converted to 100 marks. Total 20 cases will be selected from standard book for study. In
the question paper 3 cases out of 20 (twenty) cases will be covered, each carrying twenty (20) marks.
One unseen case also will be covered & it will carry twenty (20) marks.

Note: The paper of case studies will be offered only by external students only.

24
 M.Com Part II
Semester IV

(E) Commercial Laws and Practices.

Paper VII : Recent Advances in Commercial Laws and Practices
Course Code -: 403

Objective : To acquaint the students with the Knowledge about recent changes in commercial laws.

Unit No. Topic Periods

Information Technology Act.2002.
Information Technology Act-Main object of Act-Definition of Basic
1. 08
expression-Electrical Governance-Retention of information- Certifying
Authorities-Penalties-Penalties & Adjudication-cyber Regulation
Law Relating to Right to Information
Salient feature of Act-Definitions-obligation of public Authority-Duties
2. 08
of PIO- Request for obtaining Information-Information commissions
powers-Appellate Authorities.
Law Relating to Registration of Documents
Legal documents under Companies Act, Listing Agreement, Income Tax
Act & Indian Stamp Act. Registrable Documents-Compulsory & Optional
3. 08
Registration- Time limit- Re-registration presenting document for
Registration – Deposit of wills- Procedure after Registration-Institution of
sail in case of under or refusal by Registrar.
Securities & Exchange Board of India (SEBI) SEBI Act 1992 –
Powers & Functions – Collectives Investment scheme - Registration of
4. intermediaries-Finance Accounts & Audit of SEBI- Penalties for failure 08
default Inside trading & Non-disclosure of Acquisition of shares &
takeovers- securities Appellate Tribunals
Securitization Act 2002
Definition & Importance of Act – The Securitization of companies &
Reconstruction companies (Reserve Bank) Guidelines & Directions 2003-
5. 08
Guidelines on sale of Financial Assets to Securitization company and
Reconstruction company Under Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002.
Debt Recovery Act-1993
Need & Object – Establishment of Tribunal- Establishment of Appellate
6. 08
Tribunal – Procedure of Tribunals- Powers of Tribunal Recovery of Debt
determination by Tribunal-Appeal
Total 48

25
 Recommended Books :
1. Information Technology in Business. J.A.Sen, Prentice Hall, Delhi.
2. Right to Information Act.2005.
3. Law & Practice of Banking . G.S.Gill
4. All relevant and recent Bare Ac t.
5. Banking Law and Practice. P.N.Varshney

26
 M.Com Part II
Semester IV

(E) Commercial Laws and Practices.

Paper VIII : Project Work (For Internal Students Only)
Course Code -: 404)

Objectives :
1. To develop research h attitude in the minds of students.
2. To enrich the ability of research work among the students.

Introduction & Objective :

As a partial fulfillments of University of Pune requirement for M.Com Programme

students have to undergo in-plant training of 6 weeks in an organization of repute assigned by the
institute or accessible to student. The objective of this activity is to test students ability to apply
theoretical knowledge to practical business situation.
In the light of exposure to different functional areas and research methodology at
M.Com. Part-I curriculum the students have to collect the data relevant to their topic or problem,
analyze the same methodologically, make intelligent observations and offer some practical
suggestions. In order to complete the task following Report Contents and Chapter Scheme is suggested
which can be adopted with or without modification.

REPORT CONTENTS :

A. Cover Page
B. Company Certificate
C. Guide Certificate
D. Acknowledgement
E. Declaration
F. Executive Summary

TENTATIVE CHAPTER SCHEME

CHAPTER 1. INTRODUCTION TO STUDY

CHAPTER 2. COMPANY ROFILE
CHAPTER 3. OBJECTIVES OF STUDY
CHAPTER 4. REVIEW OF LITERATURE
CHAPTER 5. RESEARCH METHODOLOGY
CHAPTER 6. DATA ANALYSIS AND INTERPRETATIONS
CHAPTER 7. OBSERVATIONS AND FINDINGS
CHAPTER 8. CONCLUSIONS AND SUGGESTIONS

27
 M.Com Part II
Semester IV

(F) Co-Operation and Rural Development

Paper VII : Recent Advances in Co-operation and Rural Development
Course Code -: 403
Objectives:
1. To create awareness regarding globalization and its effects on a rural development.
2. To study and projects in the field of Co-operation and recent advances rural development.

Unit No. Topic Periods

Social & Economical Aspect
1.1. Theory and practice of co-operative principles.
1.2. Issue of economic viability of co-operative institutions.
1. 10
1.3. Issue of non-viability and sick co- operative units
1.4. Social responsibility of co-operative institutions.
1.5. Co-operative leadership in global era.
Globalization and co-operatives.
2.1 Impact of globalization on co-operative institutions.
2.2 Challenges of global competition.
2. 10
2.3 Meeting the global challenges
2.4 New management technologies.
2.5 Quality enhancement through six Sigma.
Role of Self Help Groups in Rural development
2.1 Formation & Organisation
2.2 SHGs an innovation for rural development.
2.3 Micro finance and SHGs
3. 2.4 Development of banking habits among rural people. 10
2.5 Rural artisans and SHGs.
2.6 Woman empowerment through SHGs
2.7 Marketing of SHG products
2.8 Performance
Rural distress and Government Measures
4.1 Reports of various committees regarding farmers Suicides
4.2 Causes of farmer’s suicides
4. 4.3 Short and long term Governmental measures for redressing rural 10
distress.
4.4 Self-sustaining rural development.
Total 48

28
 Recommended Books, Journals & Reports

Books :
1. Krushnaswami O.R- Co-operative Audit.
2. Krushnaswami O.R- Co-operative Accounts
3. Bedi R.D. – Theory History and Practices of Co-operations.
4. Dubhashi P.R – Principles and philosophy of co- operation.
5. Dubhashi P.R-Rural development administration in India.
6. B.K.Sinha- Indian co-operation.
7. S.k.Day- power to the people.
8. Rajeshwar – community development, Panchayat raj, sahakari samaj.
9. S.K.Goyal – co-operative farming in India.

Journals:
1. Journal of Rural Development, Hyderabad (Rajendranagar)
2. Journal of co-operative perspective, Pune
3. The Indian Journal of commerce, New Delhi
4. Journal of Sahakari Maharashtra, Pune
5. Journal of Southern Economics

Reporsts by the Following organizations / committee :

Tata Institutes of Social Sciences, Dr.Narendra Jadhav, Gokhale Institute of Political
and Economics, N.S.Swaminathan.

29
 M.Com Part II
Semester IV

(F) Co-Operation and Rural Development

Paper VIII : Project Work (For Internal Students Only)
Course Code -: 404

Objectives:
1. To develop research attitude of the students.
2. To enrich the ability of research work among the students.

Introduction & Objective :

As a partial fulfillments of University of Pune requirement for M.Com Programme

students have to undergo in-plant training of 6 weeks in an organization of repute assigned by the
institute or accessible to student. The objective of this activity is to test students ability to apply
theoretical knowledge to practical business situation.
In the light of exposure to different functional areas and research methodology at
M.Com. Part-I curriculum the students have to collect the data relevant to their topic or problem,
analyze the same methodologically, make intelligent observations and offer some practical
suggestions. In order to complete the task following Report Contents and Chapter Scheme is
suggested which can be adopted with or without modification.

REPORT CONTENTS :

A. Cover Page
B. Company Certificate
C. Guide Certificate
D. Acknowledgement
E. Declaration
F. Executive Summary

TENTATIVE CHAPTER SCHEME

CHAPTER 1. INTRODUCTION TO STUDY

CHAPTER 2. COMPANY PROFILE
CHAPTER 3. OBJECTIVES OF STUDY
CHAPTER 4. REVIEW OF LITERATURE
CHAPTER 5. RESEARCH METHODOLOGY
CHAPTER 6. DATA ANALYSIS AND INTERPRETATIONS
CHAPTER 7. OBSERVATIONS AND FINDINGS
CHAPTER 8. CONCLUSIONS AND SUGGESTIONS

M.Com. Part II, Semester IV 30

 M.Com Part II
Semester IV

(G) Banking and Finance

Paper VII : Recent Advances in Banking and Finance.
Course Code -: 403
Objective
• To enable students understand new developments in banking industry.
• To keep the students abreast with the innovative practices introduced in day to day banking.

Unit No. Topic Periods

Recent Developments in Commercial and Co-operative Banking.
• Know Your Customer norms. (KYC).
• Move towards fee based services : Bank guarantee, Leasing,
Hire purchase, Dematerialization (Demat), Merchant Banking.
• Financial inclusion : Concept, Benefits, RBI guidelines,
Economic growth and financial inclusion.
1. 10
• Regulation with respect to NPAs and Maintenance of capital
adequacy.
• Micro finance & Banks.
• Customer service and customer education.
• The Banking Ombudsman Scheme, 2006
• Concept of CAMELS in banking.
Technological Developments in Banks
• Core Banking Solution
• Full computerization branches.
• Tele banking, Mobile banking, Anywhere banking
2. 10
• ATMs
• Internet Banking.
• Electronic Funds Transfer (BCS credit-debit, SWIFT, RTGS,
and NEFT)
Recent Developments in Non Banking Institutions.
• Relevance of Development banks.
• Universal Banking.
• Opening up of the insurance sector.
3. 06
• Reinsurance.
• Mutual funds.
• Asset Securitization companies.
• Factoring and forfeiting.
Recent Developments in Money Market.
• Developments in the government securities markets with reference
4. to treasury bills and dated securities. 06
• Commercial paper and certificate of deposits.
• Collateralized borrowing and lending obligations.
M.Com. Part II, Semester IV 31
 • Money market mutual fund.
• Repurchase obligations (Ripos)
• Money market derivative.
Recent Developments in Capital Market
• Recent reforms in the capital market with reference to primary
market : Book building, reverse book building mechanism (75%-
100%), Green shoe option, Online IPOs.
• Secondary market : organization, Regulation and functions of
5. stock exchanges, listing and trading of securities, the BSE, the 06
NSE, OTCEL, and the interconnected stock exchanges of India.
The working of these stock exchanges.
• Changing trends in foreign institutional investments.
• Introduction of depositories and custodian,
• Derivative forward, options and futures trading.
Structural Developments
• Mergers and acquisition in banks (Merger : Concept, forms of
merger Acquisition: concept and forms of acquisition.)
6. 06
• Motives for mergers and acquisition, rationale of mergers in
banking sector.
• Recent bank mergers in India.
Total 48

M.Com. Part II, Semester IV 32

 M.Com Part II
Semester IV

(G) Banking and Finance

Paper VIII : Project Work in Banking and Finance
(For Internal Students Only)
Course Code -: 404
The following are the topics suggested for Project Work :-
1. Study of Bank Balance Sheet.
2. Study of Urban Co-Operative Bank.
3. Study of Mutual Funds.
4. Study of Non-Performing Assets.
5. Study of Classification of Assets.
6. Study of Capital adequacy of Public sector, Private sector and Co-Operative Banks.
7. Study of Foreign bank branch working in India.
8. Study of National securities depositary and Demat Account.
9. Study of Social banking (Prime Minister Rozgar Yojana, Suwarna Jayanti Sahara Rozgar
Yojana, The Urban Self employment programe.)
10. Study of Self help group.
11. Study of Recent Mergers and acquisition in banks.
12. Study of Foreign institutional investments.
13. Study of Recent reforms in capital market.
14. Study of R.B.I. recent policy.
15. Study of Stock Exchange.
16. Study of Non-Banking Finance Companies.
17. Study of Role of N.G.O’s.
18. Study of International Financial Institutions.
19. Study of International Investors.

Note :-

Clarity with respect to any topic mentioned above be given by the concerned subject teacher /
guide.

Student is required to choose one institution / scheme at a time.

The topics mentioned are for guidelines and the concerned subject teachers have the privilege
to choose and suggest any other topic other than the above.

M.Com. Part II, Semester IV 33

 M.Com Part II
Semester IV

(H) Advanced Marketing

Paper VII : Recent Advances in Marketing
Course Code -: 403
Objectives:
1. To provide insights into trends that may have a direct bearing in future marketing management
2. To offer a guideline as to understand key trends that will have a direct bearing in future
marketing decision-making.

Unit No. Topic Periods

MARKETING STRATEGY
Strategic Marketing Management (overview) – Why strategic
1. 08
marketing – External Analysis – Internal Analysis- Vision – Strategy
identification – strategic choice.
INTEGRATED MARKEITNG COMMUNICATION
Concept and Process of Integrated Marketing
Communications (IMC): Elements of IMC - IMC Message Design:
2. AIDA model - Considerations for creative idea visualization - Media 08
Management - Media Process - Media Jargons - Media Buying -
Strategies and execution - Ethics and social responsibility in IMC
campaigns - Evaluating Marketing Communication Programmes
RELATIONSHIP MARKETING
Paradigm shift in marketing – from marketing warfare to Co-
operative approach – competitive advantage through Relationship
3. 08
Marketing – RM in industrial and consumer markets. - IT enabled RM –
emergence of CRM – database marketing – data warehousing and data
mining- pitfalls of IT focus in RM – ethical issues – customer privacy.
DISTRIBUTION MANAGEMENT
Channel Management : Channel selection criteria,
performance appraisal of channel members – Integrated Marketing
4. Channels – Horizontal, Vertical, Multichannel Marketing Systems, 08
Channel Conflicts & Techniques to resolve channel conflicts - Supply
Chain Management – Concept, Components, Significance-
Distribution efficiencies & interdependencies
RETAILING MANAGEMENT
Retailing – Definition – Significance and Importance – Indian Vs. Global
scenario – Types of Retailing – Store Retailing – Non-store Retailing –
Types of retailers - Retail supply chain management – Definition –
5. 08
Integrated supply chain planning – Vendor Development – Quick
Response Inventory Planning – Floor Ready Merchandise – Electronic
data exchanges and bar coding – Managing reverse logistics - New trends
in retailing – Franchising in retailing – Role of IT in retailing
M.Com. Part II, Semester IV 34
 STRATEGIC SERVICES MANAGEMENT
Strategic role of services – contribution of services to custom
satisfaction, sustainable competitive advantage, services ask
differentiators for manufacturing industries also - e services online
6. Consumer Behavior – Self service technologies Services marketing 08
applications– Financial service Hospitality services, Education services,
IT services, Hot services, Event management services, Consultancy
service Retailing services, Telecommunication services, Not-for-pro
services and Social services, Government services, NG services, etc.
Total 48

Recommended Books
1. Integrated Marketing Communications – Kenneth Clown & Donald Bach PHI, 2002
2. Strategic Marketing Management - David Aaker
3. Marketing Strategy, 3rd Ed. - Boyd Walker, Mulli Larrech
4. Relationship Marketing -S.Shajahan
5. Customer relationship Management - Shet Parvatiyar, Shainesh
6. Retail Management – Gibson Vedamani
7. Retailing Management – Swapna Pradhan
8. Service Marketing - Rampal & Gupta
9. Essence of Services Marketing - Ardian Payne
10. Services Marketing - S.M.Jha

M.Com. Part II, Semester IV 35

 M.Com Part II
Semester IV

(H) Advanced Marketing

Paper VIII : Project Report in Marketing.
Course Code :- 404

Objectives :
1. To develop research attitude of the students.
2. To enrich the ability of research work among the students.

Introduction & Objective :

As a partial fulfillments of University of Pune requirement for M.Com Programme

students have to undergo in-plant training of 6 weeks in an organization of repute assigned by the
institute or accessible to student. The objective of this activity is to test students ability to apply
theoretical knowledge to practical business situation.

In the light of exposure to different functional areas and research methodology at

M.Com. Part-I curriculum the students have to collect the data relevant to their topic or problem,
analyze the same methodologically, make intelligent observations and offer some practical
suggestions. In order to complete the task following Report Contents and Chapter Scheme is
suggested which can be adopted with or without modification.

REPORT CONTENTS :
a. Cover Page
b. Company Certificate
c. Guide Certificate
d. Acknowledgement
e. Declaration
f. Executive Summary

TENTATIVE CHAPTER SCHEME

CHAPTER 1. INTRODUCTION TO STUDY

CHAPTER 2. COMPANY PROFILE
CHAPTER 3. OBJECTIVES OF STUDY
CHAPTER 4. REVIEW OF LITERATURE
CHAPTER 5. RESEARCH METHODOLOGY
CHAPTER 6. DATA ANALYSIS AND INTERPRETATIONS
CHAPTER 7. OBSERVATIONS AND FINDINGS
CHAPTER 8. CONCLUSIONS AND SUGGESTIONS

M.Com. Part II, Semester IV 36