COMMERCE DEPARTMENT (2020-21)

COURSE STRUCTURE OF UG- ACCOUNTING HONOURS

End-term Mid-term Credit

Paper Subject Paper Code Full Marks
Marks Marks Points
SEMESTER I
1.1 Environmental Science AECC -1 100 80 20 4
1.2 Financial Accounting CORE-1 100 80 20 6
1.3 Business Law CORE-2 100 80 20 6
1.4 Micro Economics GE-1 100 80 20 6
Total 400 22
SEMESTER II
2.1 MIL AECC-2 100 80 20 4
2.2 Cost Accounting CORE-3 100 80 20 6
2.3 Corporate Law CORE-4 100 80 20 6
2.4 Macro & Indian Economy GE-2 100 80 20 6
Total 400 22
SEMESTER III
3.1 Corporate Accounting CORE-5 100 80 20 6
3.2 Income-tax Law and Practice CORE-6 100 80 20 6
Management Principles and 100 80 20 6
3.3 CORE-7
Application
3.4 Business Statistics GE-3 100 80 20 6
3.5 Communicative English SEC-1 100 80 20 4
Total 500 28
SEMESTER IV
4.1 GST and Indirect Taxes CORE-8 100 80 20 6
Fundamentals of Data 100 60 15 6
Management 25 Practical
4.2 (End Term Exam = 60, CORE-9
Practical = 25, Mid-term=15
Management Accounting 100 80 20 6
4.3 CORE-10
4.4 Principles of Marketing GE-4 100 80 20 6
Quantitative and Logical 100 80 20 4
4.5 Thinking SEC-2
Total 500 28
SEMESTER V
Computerized Accounting & 100 60 15 6
E-filling of Tax Returns (End 25 Practical
5.1 CORE-11
Term Exam = 60, Practical =
25, Mid-term = 15
5.2 Fundamentals of Financial CORE-12 100 80 20 6
Management
Elective I (Any one of the 100 80 20 6
5.3 DSE-1
following)
Financial
A.
Markets,
Accounting and Finance
Institutions
&Services

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 COMMERCE DEPARTMENT (2020-21)

B. Banking Indian
and Insurance Banking
and
Insurance
System
Human
C.
Resource
Management
Management
Elective II (Any one of the 100 80 20 6
5.4 DSE-2
following)
Financial
A.
Statement
Accounting and Finance
Analysis and
Reporting
Merchant
B. Banking and Insurance
Banking and
Financial
Services
C. International
Management Business
Total 400
Auditing and Corporate 100 80 20 6
6.1 CORE-13
Governance
6.2 Business Mathematics CORE-14 100 80 20 6
Elective III (Any one of the 100 80 20 6
6.3 DSE-3
following)
A. Fundamenta
Accounting and Finance ls of
Corporate
Tax
Planning
B. Banking and
Fundamenta
Insurance ls of
Investment
Consumer
C. Affairs and
Management Customer
Care
End Term DSE-4 100 50
Business Research Methods
Exam = 50 30 Project
and Project work
6.4 Project = 20 Viva-
30 Viva- voce
voce =
20
Total 400
Grand Total 2600 148

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 COMMERCE DEPARTMENT (2020-21)

COMMERCE
HONOURS PAPERS:
Core course – 14 papers
Discipline Specific Elective – 4 papers
Generic Elective for Non Commerce students – 4 papers. (Universities can
exercise option of prescribing 2 GE in which case GE from Commerce will
have two papers, GE1 and GE2 only)
Marks per paper – Midterm : 20 marks, End term : 80 marks, Total
– 100 marks Credit per paper – 6
Teaching hours per paper – 50 hours + 10 hours tutorial

(CORE – 1) FINANCIAL ACCOUNTING

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) Basics of Accounting

 Accounting as the language of business and 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.
 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 and
Accounting Equation.
(b) Accounting Process
From recording of business transactions to the preparation of trial balance including
adjustments: journal, sub-division of journal, ledger accounts, trial balance

Unit – II: Reporting Standards &Business Income

 Concepts of AS, Ind AS (Indian Accounting Standards), IFRS (International
Financial Reporting Standards) & XBRL (extensible Business Reporting
Language)
 Measurement of business income-Net income: the accounting period, the continuity
doctrine and matching concept. Objectives of measurement and revenue
recognition.
 Depreciation Accounting: 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. Salient features of Accounting Standard 6 (AS- 6) issued by ICAI
Unit – III: Final Accounts
Capital and revenue expenditures and receipts, Preparation of financial statements
of Sole Trade and Partnership Business with adjustments
Accounting for Partnership Firm: Accounting of Admission of partner,
Retirement and Death of partner and Dissolution of the Partnership Firm Including
Insolvency of partners
Unit – IV:
 Hire Purchase and Instalment Systems and Accounting for Branch & Department
 Concepts of operating and financial lease (theory only)
 Departmental Accounting and Branch Accounting including foreign branch
(Theory and Problem)
 Hire purchase and Instalment System

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 COMMERCE DEPARTMENT (2020-21)

Learning Outcomes: The course structure of this paper would equip the students to get
in-depth knowledge of financial accounting along with its practical application
thereby giving an opportunity to gain easy access to this competitive business
world.
Text Books Recommended
 Financial Accounting I and Financial Accounting II: Mukherjee, Oxford University
Press
 Jain, S.P. and K.L. Narang. Financial Accounting, Kalyani Publishers, New Delhi
Suggested Readings:
 Financial Accounting, R.K. Mittal , M.R. Bansal, V.K, Global Publication.
 Bal Ranjan Kumar, Financial Accounting – S. Chand
 Text Book of Financial Accounting-Anil Kumar and Mariappa- Himalaya
Publishing House
 Financial Accounting - P. C. Tulsiani, Pearson Publication
 Anthony, R.N. Hawkins, and Merchant, Accounting: Text and Cases. McGraw-Hill
Education.
 Bansal.K.M- Financial Accounting – Taxman Publication
 Horngren, Introduction to Financial Accounting, Pearson Education.
 Maheshwari, S.N. and. S. K. Maheshwari. Financial Accounting. Vikas Publishing
House, New Delhi.
 Compendium of Statements and Standards of Accounting. The Institute of
Chartered Accountants of India, New Delhi
 N.Godwin and D. Sanyal, Financial ACCT, Cengage Learning

(CORE – 2) BUSINESS LAW

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

Unit I: The Indian Contract Act, 1872

 Contract – meaning, characteristics and kinds, Essentials of a valid contract
 Offer and acceptance (Definition, Rules, Communication and Revocation of offer and
acceptance)
 Consideration (Definition, Elements, Types, Rules), ―No Consideration No Contract‖
and its exceptions; Capacity to Parties (Definition and Types)
 Consent, Free consent, Coercion, Undue Influence, Fraud, Misrepresentation,
Mistake
 Legality of objects and Consideration
 Void and Voidable agreements – Definition, Types and Distinction
 Discharge of a contract – Modes of discharge, Breach and Remedies against breach of
contract
 Specific Contracts - Contingent contracts, Quasi, Contract of Indemnity, Guarantee,
Bailment, Pledges
Unit II: The Sale of Goods Act, 1930
 Contract of sale, meaning and difference between sale and agreement to sell
 Conditions and warranties
 Transfer of ownership in goods including sale by a non-owner
 Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer
Consumers Protection Act, 1986 and Right to Information Act
 Objectives and features of Consumers Protection Act
 Definitions – Complainant, Complaint, Consumer, Consumer Dispute, Defect,
Deficiency, District Forum, Person

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 COMMERCE DEPARTMENT (2020-21)

 Unfair trade practices Consumer Protection Council (Central, State and District –
their constitutions and objectives

Unit III: Partnership Laws

 The Partnership Act, 1932
 Definition – Partner, Partnership
 Nature and Characteristics of Partnership
 Types of Partners
 Registration of a Partnership Firms and consequences of non-registration
 Rights and Duties of Partners
 Dissolution of firms – meaning and grounds
 The Limited Liability Partnership Act, 2008
 Definition
 Salient Features of LLP
 Advantages and disadvantages of LLP
 Differences between: LLP and Partnership, LLP and Company
 Incorporation of LLP

Unit IV: The Negotiable Instruments Act 1881

 Definition, Features, Types, Parties of Negotiable Instruments: Promissory Note, bill
of exchange, Cheque (Definition and Types)
 Endorsement: Meaning and Types of Endorsement
 Holder and Holder in Due Course, Privileges of Holder in Due Course.
 Dishonour of Negotiable Instruments: Modes, Consequences, Notice of Dishonour;
Noting and Protesting
 Discharge of Negotiable Instruments: Meaning and Modes

Learning Outcomes: The students would be able to deal with the legal aspect of different
business situations.

Text Books Recommended

 Business Law, Garg K.C., Saareen,Sharma, Kalyani Publishers
 Kumar, R. Legal Aspects of Business, Cengage Learning

Suggested Readings:
 Arora Sushma – Business Law – Taxmann Publication
 A Book of Business Laws-Jena B and Mohapatra-Himalaya Publishing House
 Business Law, Ashok Sharma, V.K. Global Publication.
 Business Laws: Das & Roy, Oxford University Press
 Business Law- S K Matta, Geetika Matta, Vrinda Publications (P) Ltd
 Business Law - Tejpal Singh, Pearson Publication
 Kuchhal, M.C. and Vivek Kuchhal, Business Law, Vikas Publishing House, New
Delhi.
 Tulsian, P.C, Business Law, S.Chand
 Maheshwari & Maheshwari, Business Law, National Publishing House, New Delhi.

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 COMMERCE DEPARTMENT (2020-21)

(Core-3) - COST ACCOUNTING

Objective: To acquaint the students with basic concepts used in cost accounting,
various methods involved in cost ascertainment.

CONTENTS:
Unit- 1:
Introduction to Cost Accounting: Meaning, concept, scope, objectives, principles,
importance and limitations of cost accounting; Implementation of costing system;
Methods & Techniques of costing; Cost concepts and Cost Sheet, Job costing and
Batch Costing.
Unit – II:
Accounting for Material: Concept and technique of accounting for material; Methods
of pricing of materials issues – FIFO, LIFO and Average; Treatment of material losses;
Techniques of material control – level setting, Economic Ordering Quantity, ABC
Analysis, VED Analysis, Perpetual inventory system, & Just-In-Time.
Unit – III:
Accounting for Labour:
Accounting for labour cost, control procedure, labour turnover, idle time, overtime,
Methods of wage payment and the Incentive schemes- Halsey, Rowan, Taylor‘s
Differential piece wage plan.
Accounting for Overheads:
Classification, Allocation & Apportionment of production overheads; Re-
apportionment of Service department overheads; Absorption of overheads, methods of
absorption – actual and predetermined rates, blanket and multiple rates, choice of an
overhead absorption rate; Administration, selling and distribution overheads; Under
absorption and over absorption of overheads.
Unit – IV:
Methods of Costing: Contract costing: Features and procedure of contract costing,
uncompleted contract profit determination, Escalation clause, cost plus contracts.
Process costing: Meaning and characteristics of Process costing, Procedure for process
costing, treatment of process losses and wastages.
Learning Outcome: After the completion of this paper, the students will be able to
have confidence in managing cost issues and also to keep a check on cost control and
taking managerial decisions.
Text Books Recommended
 Cost Accounting-Arora MN A- Himalaya Publishing House
 Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. Prentice
Hall of India, New Delhi.
Suggested Reading:
 Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani
Publishers, Jalandhar.
 Cost accounting, S.P. Gupta/ A Sharma- V.K. Global Publishing Pvt. Ltd.
 Cost & Management Accounting I: Mitra, Oxford University Press.
 Cost & Management Accouning, Taxmann Publications
 Colin Drury, Management and Cost Accounting, Cengage Learning

 Lal, Jawahar. Cost Accounting. Tata McGraw Hill Publishing Co., New Delhi.
 Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House,
New Delhi.
 Lal, Jawahar. Advanced Management Accounting Text and Cases. S. Chand &
Co., New Delhi.
 Cost Accounts - Datar and Rajan, Pearson Publication

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 COMMERCE DEPARTMENT (2020-21)

(Core-4) CORPORATE LAWS

Objectives: 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.

Contents:
Unit – I: INTRODUCTION TO COMPANY
Meaning and Definition – Features –, High Lights of Companies Act 2013 - Body
Corporate
,Kinds of Companies ( Concept, Definition and Features) – One Person Company,
Private Company, Public Company, Company limited by Guarantee, Company limited
by Shares, Holding Company, Subsidiary Company, Government Company, Associate
Company, Small Company, Foreign Company, Listed Company, Dormant company
FORMATION OF A COMPANY
Steps in formation of a Company, Promotion Stage, Meaning of Promoter, Position of
Promoter & Functions of Promoter, Incorporation Stage – Meaning, Contents, Forms
of Memorandum of Association & Articles of Association and its alteration,
Distinction between Memorandum of Association and Articles of Association,
Certificate of Incorporation, Subscription Stage – Meaning & contents of
Prospectus, Types, Mis- statement in prospectus and its consequences.
Unit - II: COMPANY ADMINISTRATION
Director (Concept and Definition), DIN, Qualification, Disqualification, Appointment,
Position, Rights, Duties, Power, Resignation, Liabilities, Removal and Resignation
of director, Key Managerial Personnel ( Definition, Appointment and Qualifications)
– Managing Director, Whole time Directors, the Companies Secretary, Chief Financial
Officer, Resident Director, Independent Director, Women director.
Unit - III: SHARE CAPITAL & DEBENTURE
Share and Share Capital - Types and Definition, Allotment and Forfeiture, Calls on
Shares, ESOP, Buyback, Sweat Equity, Bonus, Right, Capital Reduction, Share
Certificate, D-mat System, Transfer and Transmission, Redemption of Preference
Shares, Debenture – Definition, Types, Rules Regarding Issue of Debenture, Rules
regarding Dividend and distribution of dividend.
Unit - IV: CORPORATE MEETINGS
Corporate Meetings - Shareholder and Board, Types of Meetings – Annual
General Meeting Extraordinary General meeting, Minutes of Proceedings of General
Meeting, Meeting of BOD and other meetings (Section 118), Requisite of Valid
Meeting- Notice, Agenda, Chairman, Quorum, Proxy, Resolutions, Minutes, Postal
Ballot, E- voting, Video Conferencing,
Learning Outcomes: Students would acquire knowledge about the legal framework
and the ways and means to deal with the legal aspect of different situations of
corporate sector.
Text Books Recommended
 Corporate Laws-Maheswari, Maheswari- Himalaya Publishing House
 Corporate Law, Ashok Sharma, V.K. Global Publishing Pvt. Ltd., New Delhi
Suggested Readings:
 A Compendium of Companies Act 2013, along with Rules, by Taxmann
Publications.
 Corporate Law, Gupta,Garg,Dhingra, Kalyani Publication
 Company Law: Roy & Das, Oxford University Press.
 Corporate Law– S K Matta, Geetika Matta, Vrinda Publications (P) Ltd
 Arora &Banshal, Corporate Law – Vikash Publication
 Gogna, P.P.S – Company Law, S. Chand
 MC KuchhalCorporate Laws, Shri Mahaveer Book Depot. (Publishers).
 GK Kapoor& Sanjay Dhamija, Company Law, Bharat Law House.

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 COMMERCE DEPARTMENT (2020-21)

(Core-5) CORPORATE ACCOUNTING

Objectives: To help the students to acquire the conceptual knowledge of the corporate
accounting and to learn the techniques of preparing the financial statements.

Contents:
Unit – I
Meaning of Company; Maintenance of Books of Accounts; Statutory Books;
Annual Return Company – Issue of Shares – issue, forfeiture, reissue, issue other than
cash consideration and issue to the promoters; Pro-rata issue of shares. Issue of Right
and Bonus Share – Rules, Accounting for debentures: Issue of debenture, Underwriting
of shares and debentures: Determination of Underwriters Liability – with marked,
unmarked & firm underwriting; Accounting of Employee Stock Option Plan –
meaning; rules; Vesting Period; Exercise Period, Accounting for ESOP and
Accounting of ESPS.
Unit – II: Redemption of Preference shares & Debentures
Buy Back of Securities:meaning, rules and accounting. Redemption of Preference
Shares – Rules and Accounting (with and without Bonus Shares) ; Redemption
of Debenture–Important Provisions, Redemption of debenture Accounting for
Redemption: by conversion, by lot, by purchase in the open market (cum and ex-
interest), held as Investment and Use of Sinking Fund
Unit – III: Company’s Final Accounts
Introduction to Schedule III of Companies Act 2013; Treatment of Tax; transfer to
reserve, Dividend and applicable tax (out of current profit, out of past reserve);
Preparation of Statement of Profit & Loss and Balance Sheet. (tax on net profit
without recognizing deferred tax)
Valuation of Goodwill & Shares
Goodwill – valuation using different methods, i.e., Average Profit, Super Profit,
Capitalization andAnnuity. Shares – Valuation using different methods: Asset
approach, Earnings approach, Dividend Yield, Earnings-Price, Cum-div and Ex-div,
Majority and Minority view and Fair Value
Unit – IV: Liquidation
Meaning of liquidation, modes of winding up, consequences of winding up, statement
of affairs, liquidator‘s final statement of account, list ‗B‘ contributories
Learning Outcomes: This paper can provide conceptual clarity about the techniques
to prepare financial statements of companies along with accounting treatment of
various situations viz. floating of shares, amalgamation and liquidation of companies.
Text Books Recommended
 Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New
Delhi.
 Maheshwari, S.N. and S. K. Maheshwari. Corporate Accounting. Vikas
Publishing House, New Delhi.
Suggested Readings:
 Sehgal, Ashok and Deepak Sehgal. Corporate Accounting. Taxman Publication,
New Delhi.
 Corporate Accounting, R.K. Mittal? S. Ahuja- V .K. Global Pub. Pvt. Ltd, New
Delhi.
 Corporate Accounting – Anil Kumar, Mariappa- Himalaya Publishing House
 Tulsian, P.C, Corporate Accounting, S. Chand
 Monga, J.R. Fudamentals of Corporate Accounting. Mayur Paper Backs, New
Delhi.
 Gupta, Nirmal. Corporate Accounting. SahityaBhawan, Agra.
 Bhushan Kumar Goyal, Fundamentals of Corporate Accounting, International
Book House

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 COMMERCE DEPARTMENT (2020-21)

(Core-6) -INCOME TAX LAW AND PRACTICE

Objective: To provide basic knowledge and equip students with the application of
principles and provisions of Income Tax Act 1961.
Contents:
Unit I :
 Basic Concepts and Definitions under IT Act: Assessee, Previous year,
Assessment year, Person, Income, Sources of income, Heads of income, Gross total
income, Total income, Maximum marginal rate of tax, Tax Evasion, Tax avoidance
and Tax planning
 Residential Status and Incidence of Tax, Residential status of all persons except
company
 Incomes which do not form part of Total Income Except section 10AA.
 Agricultural Income Definition, determination of agricultural and non-agricultural
Income, assessment of tax liability when there is both agricultural and non-
agricultural income
Unit II:
Heads of Income and Provisions governing Heads of Income
 Income from Salary
 Income from House property
Unit III:Heads of Income and Provisions governing Heads of Income
 Profits and Gains of Business and Profession Special emphasis on sec. 32, 32AC,
32AD, 35, 35D, 36(i)(ib), (ii), (iii), (iv), (vii), 37, 37(2B), 40A(2), 40A(3), 43B,
(Excluding presumptive taxation)
 Capital Gains
Meaning and types of capital assets, basic concept of transfer, cost of acquisition, cost
of improvement and indexation, computation of STCG and LTCG, exemptions u/s
54, 54B, 54EC and 54F, capital gain on transfer of bonus shares, right entitlement
and right shares, taxability of STCG and LTCG.
 Income from Other Sources Basis of charge excluding deemed dividend
Unit IV:
 Income of other Persons included in Assessee‘s Total Income Remuneration of
spouse, income from assets transferred to spouse and Son‘s wife, income of minor.
 Set off and Carry Forward of Losses Mode of set off and carry forward, inter source
and inter head set off, carry forward and set off of losses u/s 71B, 72, 73, 74, 74A.
 Deductions from Gross Total Income Basic concepts, deductions u/s 80C, 80CCC,
80CCD, 80CCE, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80GGC, 80TTA, 80U
 Rebate u/s 87A
Computation of Total Income and Tax Payable
 Rate of tax applicable to individual assessee
 Computation of tax liability of an individual
 Provision for Filing of Return Date of filing of return, relevant forms of return,
different types of returns, return by whom to be signed, PAN, TAN
 Assessment of Return Self assessment u/s140A, Summary assessment u/s 143(1),
Scrutiny assessment u/s 143(3) and Best judgement assessment u/s 144.
 Advance Tax Who is liable to pay, due dates and computation of advance tax
(excluding corporate assessees)
 Interest & Fees Section 234A, 234B, 234C, 234F
 TDS Provisions regarding TDS from salary, interest on securities, horse racing,
lottery.

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 COMMERCE DEPARTMENT (2020-21)

Learning Outcomes: This paper would provide the understanding of various provisions of
Income Tax Act as well as equip the students to make practical applications of the
provisions for taxation purpose.
Text Books Recommended
 Gour and Narang, Income tax: Law and practice, kalyani Publishers
 Dr. Vinod Kumar Singhania, e-filing of Income Tax Returns and Computation
ofTax,
 Taxmann Publication Pvt. Ltd, New Delhi. Latest version.
Suggested readings:
 Income tax Law and practice, Makta Jain/ Rakesh Jain, V.K. Global Pub. Pvt. Ltd.,
New Delhi
 Income Tax Law and Pratcice-Saha, Dash- Himalaya Publishing House.
 Pagare, Dinkar. Law and Practice of Income Tax. Sultan Chand and Sons, New
Delhi.
 Lal, B.B. Income Tax Law and Practice. Konark Publications, New Delhi.

(Core-7) MANAGEMENT PRINCIPLES &APPLICATIONS

Objective:
The objective of the course is to provide the student with an understanding of basic
management concepts, principles and practices.
Unit-I: Introduction:
Management-definition, importance, functions, nature-as profession, science and art,
universality of management; levels of management; managerial tasks and skills
Different Schools of Thoughts: Classical School-contributions of Taylor and Henri
Fayol; Neo-classical school-Human Relations approach and Behavioral Science
Approach; Modern School; System approach and Contingency approach
Unit-II: Planning:
Concept, importance, steps, types, premises, barriers to effective planning and
remedial measures; strategic planning-concept forecasting –concept, techniques.
Organizing:
Concept, importance, principles, different organization models-line and staff;
Functional; Departmentation-need, basis, principles, Delegation of Authority-elements,
steps barriers; Centralization and Decentralization of Authority; Span of Management;
concept and determining factors
Unit-III: Directing and Staffing:
Directing: concepts, importance of directing, Leadership: Concept, importance, types,
leadership traits, Tannenbaum & Schmidt‘s Model and Blake & Mouton‘s Model.
Staffing: concepts, importance
Unit- IV: Motivation, Co-ordination and Control:
Motivation: Concept, importance, importance of need theory, and contributions of
McGregor, Maslow, Herzberg.
Coordination: concepts, importance, principles and implementation techniques.
Control: concepts, importance and tools of control.
Learning Outcomes:Students would be able to make use of different management
principles in the course of decision making in different forms of business
organizations.
Text Books Recommended
 Pany Tushar K , Management Principles and Application, Kalyani
 Prasad, L.M. Principles and Practice of Management, Sulatan Chand
Suggested Readings:
 Sharma gupta , Management: Principles and application , Kalyani Publishers

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 COMMERCE DEPARTMENT (2020-21)

 R. K . Singhal, Management Principle and application, V.K. Global Pub. Pvt. Ltd,
New Delhi.
 Management Principles and Applications-Jhunjhunwala J Mohanty-
Himalaya Publishing House
 Principles of Management: Mitra, Oxford University Press.
 Griffin, R.W. – Management :Principles& Practices, Cengage Learning
 Gupta R.N - Principles & Practice of Management – S. Chand
 A K Jha, Management Principles and Application - Vrinda Publications (P) Ltd.
 Chandan J.S – Management Concepts of Strategy – Vikash Publication
 B.P. Singh and A.K.Singh, Essentials of Management, Excel Books
 TN Chhabra, Management Concepts and Practice, DhanpatRai& Co. (Pvt. Ltd.),
New Delhi
 Peter F Drucker, Practice of Management, Mercury Books, London

(Core-8) GST & INDIRECT TAX

OBJECTIVE:
The objective is to equip students with the principles and provisions of Goods and
Services Tax (GST), which is, implemented from 2017 under the notion of One
Nation, One Tax and One Market and to acquaint students with basic provisions of
GST Law and basic working knowledge.

Unit I- INTRODUCTION TO GOODS AND SERVICES TAX (GST)

Introduction to GST : Introduction, Constitutional provisions regarding Taxation In
India, Pre-GST Indirect Taxation Structure in India, What is GST, Need for GST in
India, Overview and Genesis of GST IN INDIA, GST objectives, Scope of GST,
Salient features of GST, GST and Centre-State Financial Relations, The Constitution
(122nd Amendment) Bill, Constitutional Amendments required for introduction of
GST Indirect Taxes subsumed Post- GST : Principles for subsuming taxes under
Goods & Services Tax (GST) in India, Indirect Taxes and Levies subsumed in GST,
Events that have led to the introduction of GST, DUAL GST : Benefits of Dual GST,
Structure Of Dual Model of GST , Key Features of Dual Model of GST, Benefits of
implementing GST, CENTRAL GST – STATE / UNION TERRITORY GST –
INTEGRATED GST and GST Cess, Pre-GST Regime Vs. GST Regime, Indirect
Taxes
Unit II- GST ACTS: (Structure & Terminology)
Salient features of CGST Act, SGST Act (Odisha State), IGST Act, Meaning and
Definition of various terms used under GST
(Coverage- Provisions and Illustration)
PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION
FROM, TAX
PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION
FROM, TAX: (CGST & SGST)- Meaning and Scope of ‗Supply‘ under GST Law,
Taxable Person, Time of supply, Place of supply and Value of supply. Computation of
Taxable Value and Tax Liability, Composition scheme; INPUT TAX CREDIT;
PROCEDURE RELATING TO LEVY, COLLECTION AND EXEMPTION OF
IGST; PAYMENT OF TAX, TCS, TDS; PRACTICAL PROBLEMS. (Coverage-
Provisions and Illustration)
Unit III- REGISTRATION, RETURNS AND ASSESSEMENT
REGISTRATION - Persons liable for registration, Persons not liable for registration,
Types: Compulsory registration, Voluntary registration, Deemed registration -
Procedure for registration, Special provisions for Casual taxable persons and Non-
resident taxable persons;

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 COMMERCE DEPARTMENT (2020-21)

CLASSIFICATION OF GOODS & SERVICES- HSN, SAC; TAX INVOICE AND

OTHER SUCH INSTRUMENTS IN GST - Debit Note, Credit Note, Vouchers,
Invoice; ACCOUNTS AND RECORDS; RETURN- Process of Return Filing,
Furnishing details of outward supplies and inward supplies, First return, Claim of
input tax credit, Matching reversal and reclaim of input tax credit, Annual return and
Final return; REFUND; OFFENCES AND PENALTIES; ASSESSMENT; AUDIT;
APPEALS AND REVISION.
Unit IV- GST Council AND REGULATORY FRAMEWORK
GST COUNCIL: Structure, Powers and Functions. Provisions for amendments; ROLE
OF CBEC; Division of Administrative Powers; GST AND TECHNOLOGY- GST
Network, GST ECO SYSTEM, GSP, ASP; NATIONAL ANTI-PROFITEERING
AUTHORITY IN GST; COMPLIANCE RATING.
Text Books Recommended
 Swain AK & Agrawal – GST: Concepts and Applications, Himalayan
Publishing House.
 GST Manual:Taxman‘s Publication Ltd., New Delhi.
Suggested Books:
 GST and Indirect Taxes,Sanjeet Sharma, V.K. Global Pub. Pvt. Ltd, New
Delhi.
 Mishra, Padhi and Bera – Text Books on GST & Practice, Vikash Publishing
House Pvt. Ltd. New Delhi.

(Core-9) FUNDAMENTALS OF DATA MANAGEMENT

Unit I: Word Processing

Working with word document- Editing text, Find and Replace text, Formatting, Spell
check, Autocorrect, Auto text; Bullets and numbering, Tabs, Paragraph Formatting,
Indent, Page Formatting, Header and footer, Macros, Drop cap; 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
Preparing Presentations
Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables, Images,
texts, Symbols, Media; Design; Transition; Animation, Hyperlink and Slideshow.
Creating Business Presentations using above facilities
Unit II: Spreadsheet and its Business Applications
Managing worksheets- Formatting, Entering data, Editing, and Printing a worksheet;
handling operators in formula, Project involving multiple spreadsheets, Organizing
Charts and graphs, Pivot Table Spreadsheet Functions: Mathematical [SUMIF, SQRT,
SUBTOTAL, SUMPRODUCT
etc.], Statistical [AVERAGE, STDEV, VAR, CORRELATION, REGRESSION etc.],
Financial [PMT, RATE, PV, FV, NPER, IRR, NPV, Data Table Etc.] Logical [AND,
OR, IF etc.], Date and Time, lookup and reference, Database and Text functions.
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 III: Database Management System
Creation of Tables, Multiple Table Handling-Defining Relationship [Foreign
Key], Simple and Conditional Queries, Types of Queries [Update, Delete, Append],
Forms, Reports, Introduction to SQL through Basic Commands.

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 COMMERCE DEPARTMENT (2020-21)

Applying DBMS in the areas of Accounting, Inventory, HRM and its accounting,
managing the data records of Employees, Suppliers and Customers
Unit IV: Website Designing
Introduction to HTML; Tags and Attributes: Text Formatting, Fonts, Hypertext
Links, Tables, Images, Lists, Forms, Frames, Cascading Style Sheets
Text Books Recommended
 Coronel and Rob, Database Principles, Cengage Learning
 Fundamentals of Data Managemnet –Saha RG- Himalaya Publishing House
Suggested Readings
 Thareja, IT & Application, Oxford
 Aurora, Computer Fundamentals, Vikash
 Sinha & Sinha, Fundamentals of Computers, BPB Publications
 Dhar, P., Fundamental of IT and Its Application in Business, APH

(Core-10) MANAGEMENT ACCOUNTING

Objective: To acquaint the students with basic concepts of management accounting,

and basic understanding of tools and techniques used for managerial decision making.

CONTENTS:
Unit – I:
Management Accounting: Meaning, nature, scope, and importance of management
accounting; Role of management accounting; management accounting vs. financial
accounting; Role of management accounting in modern business; Tools and techniques
of management accounting.
Unit – II: Ratio Analysis & Cash flow statement Ratio Analysis:
Meaning and utility of ratios; significance of Ratio analysis; Classification of Ratios –
Profitability ratios, Efficiency Ratios, Liquidity Ratios, Solvency Ratios; Advantages
and limitations of Ratio Analysis.
Cash flow Statements:
Cash Flow Statements: Meaning and utility of Cash flow statements; Preparation of
Cash flow statements – Indirect method; Limitations of Cash flow statements; Cash
flow statements vs. Funds flow statements. (Reference to Revised AS-3 and Ind AS-7)
Unit – III:
Absorption & Marginal Costing: P/V Ratio, Break-even analysis, Margin of
safety, angle of incidence; Marginal and differential costing as a tool for decision
making – make or buy, change of product mix, exploring new markets, shut down
decisions.
Unit – IV:
Budgeting & Standard Costing: Concept of budget and budgetary control;
objectives, merits and limitations of budgetary system; Master budget, Functional
budget, Fixed and Flexible budgets; Zero based budgeting. Standard Costing &
Variance Analysis: Meaning of standard cost and standard costing, Advantages and
disadvantages of standard costing & variance analysis: Material, Labour, & Overhead.
Learning Outcome: After the completion of this paper, the students will be able to
have confidence in managing cost issues and also to keep a check on cost control and
taking managerial decisions.
Text Books Recommended
 Management Accounting, S swain/ S.P. Gupta/ A Sharma, V.K. Global Pub.
Pvt. Ltd.,
 Horngreen, Charles T., Gary L. Sundem. Introduction to Management
Accounting.
 Prentice Hall.

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 COMMERCE DEPARTMENT (2020-21)

Suggested Reading:
 Jain & Narang, Management Accounting, Kalyani Publications
 Management Accounting-M Wilson- Cost Accounting-Jena B,Bal S and Das
A- Himalaya Publishing House
 Narasimhan M.S. , Management Accounting, Cengage Learning
 Cost & Management Accouning, Taxmann Publications
 Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing
House, New Delhi.
 Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems.
Shri Mahabir Book Depot, New Delhi.
 Lal, Jawahar. Advanced Management Accounting Text and Cases. S. Chand &
Co., New Delhi.
 Khan, M.Y. and P.K. Jain. Management Accounting. Tata McGraw Hill,
Publishing

(Core-11) COMPUTERIZED ACCOUNTING & E-FILING OF TAX RETURNS

Unit – I: Computerized Accounting Package: Using Generic Software
 Company creation, ledger creation, order processing, accounting voucher, inventory
voucher, memorandum voucher, invoicing, multiple godown handling, Transfer of
materials across godowns, Bank Reconciliation
 Cost Centre, Cost Category, Bill of Material (BoM), Budget and Controls
 Payroll Accounting
 TDS, GST
 Back up & Restore, Export and Import data

Unit II: Designing Computerized Accounting System

 Introduction to DBMS Package – Table, Query, Form and Report
 Designing Computerized Accounting System using DBMS Package Creating a
voucher entry Form, Preparing ledgers, trial balance, profit & loss a/c, and Balance
Sheet with Form wizard and Report
 Designing Payroll System for Accounting using Form, Query, and Report

Unit-III: E-filing of Tax return

 Preparation and submission of the Income Tax Return (ITR) offline/online for
individual Taxpayer [e-filing without using DSC and with using DSC, EVC]
 View form 26AS, Upload return, View e-file returns, e-verification
 Use of e-tax calculator (including interest calculation u/s 234A, 234B, 234C)
 E-Pay tax (Challan No./ITNS 280, ITNS 281)
 Preparation and submission online form 10E [Relief u/s 89(1)]

Text Books Recommended

 Software: Singhania, V.K., E-Filing of Income Tax Returns and Computations of
Tax, Taxmann

 Book of Computerized Accoounting and E Filling of Tax Returns-Mohanty R, Dash

ALN- Cost Accounting-Jena B,Bal S and Das A- Himalaya Publishing House
Suggested Readings
1. Software: ―Excel Utility‖, incometaxindiaefiling.gov.in

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 COMMERCE DEPARTMENT (2020-21)

(Core-12) - FUNDAMENTALS OF FINANCIAL MANAGEMENT

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

Contents:

Unit – I: Introduction & Basic Concepts

Important functions of Financial Management, Objectives of the firm: Profit
maximization vs. Value maximization, Role of Chief Financial Officer. Financial
environment in which a firm has to operate, Time Value of Money: concept and
reasons, Compounding and Discounting techniques, Concepts of Annuity and
Perpetuity. Risk-return relationship (concepts only)

Unit – II: Sources of Finance and Cost of Capital/ Financing Decisions

Different sources of finance; long term and short term sources, Cost of capital:
concept, relevance of cost of capital, Implicit and Explicit cost, specific costs (its
computation) and weighted average cost (its computation) , rationale of after tax
weighted average cost of capital, marginal cost of capital (its computation).

Unit – III: Capital Expenditure Decisions / Long term Financial Decisions &
Dividend Decisions
Capital Expenditure Decisions / Long term Financial Decisions
Objectives of Capital Budgeting Process, Concept of Cash flow, Methods of long term
investment decisions - Discounted Payback Period, Net Present Value, Profitability
Index, Average Rate of Return / Accounting Rate of Return, Internal Rate of Return
(Including relative merits and demerits of each of the methods)
Dividend Decisions
Meaning, Natureand Types of Dividend, concept of pay-out ratio, retention ratio
Decisions and growth, Dividend policies and formulating a dividend policy, Dividend
Theories: Walter‘s Model, Gordon‘s Model

Unit – IV: Working Capital Management/ Liquidity Management

Meaning and various concepts of Working Capital, Management of Working Capital
and Issues in Working Capital, Estimating Working Capital Needs; Operating or
Working Capital Cycle,Policies relating to Current Assets – Conservative, Aggressive
and Balance, Various sources of finance to meet working capital requirements
Learning Outcome: After the completion of this paper, students will be able to
understand finance in a better way along with giving them insight to practical
management of long and short finance for real business houses.
Text Books Recommended
 Rostogi, Fundamentals of Financial Management, Taxmann Publications
 Fundamental of Fin. Mgt., Sharma, Gupta, Kalyani Publishers, New Delhi.
Suggested Readings
 Fundamentals of Financial Management, Vandana Dangi, V.K. Global Pvt.
Ltd., New Delhi
 Parasuraman–Fin. Management:A Step by Step Approach,Cengage Learning
 Pandey, I.M. Financial Management. Vikas Publications.
 Financial Management, Himalaya Publishing House
 BhallaV.K – Financial Management – S.Chand
 Horne, J.C. Van and Wackowich. Fundamentals of Financial Management.
9thed. New Delhi Prentice Hall of India.

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 COMMERCE DEPARTMENT (2020-21)

(Core-13) - AUDITING AND CORPORATE GOVERNANCE

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
Auditing: Introduction, Meaning, Objects, 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 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
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; Standard on
Auditing(SA); Relevant Case Studies/Problems;

Unit-III
Corporate Governance:Conceptual framework of Corporate Governance, Corporate
Governance Reforms. Major Corporate Scandals in India and Abroad: Common
Governance Problems Noticed in various Corporate Failures. Codes & Standards on
Corporate Governance

Unit-IV
Corporate Social Responsibility (CSR):Strategic Planning and Corporate Social
Responsibility; Corporate Philanthropy, Meaning of CSR, CSR and CR, CSR and
Corporate Sustainability, CSR and Business Ethics, CSR and Corporate Governance,
Environmental Aspect of CSR, CSR provision under the Companies Act 2013, CSR
Committees
Learning Outcome: At the end of the paper student will have detail knowledge about
principles and techniques of audit in accordance with current legal requirement and as
per the guidelines of different statutory authorities.

Text Books Recommended

 Gupta, Kamal and Ashok Arora. Fundamentals of Auditing. Tata Mc-Graw
Hill Publishing Co. Ltd., New Delhi.
 Auditing and corporate governance, Pradeep kumar , Klayani Publishers ,
New Delhi.

Suggested Readings:
 Auditing and corporate governance, A. Sharma, V.K. Global Pvt. Ltd.,New
Delhi
 SATHEESH KUMAR Corporate Governance, Oxford University Press.
 Shikha, N. and Sharma, G. Corporate Governance in India : Principles and
Policies, CENGAGE Learning
 Jha, Aruna. Auditing. Taxmann.
 Tandon, B. N., S. Sudharsanam and S. Sundharabahu. A Handbook of
Practical Auditing. S. Chand and Co. Ltd., New Delhi.

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 COMMERCE DEPARTMENT (2020-21)

 Ghatalia, S.V. Practical Auditing. Allied Publishers Private Ltd., New Delhi.
 Singh, A. K. and Gupta Lovleen. Auditing Theory and Practice. Galgotia
Publishing Company.
 Alvin Arens and James Loebbecke, Auditing: an Integrated Approach
 MC KuchhalCorporate Laws, Shri Mahaveer Book Depot. (Publishers).
(Relevant Chapters)
 Khanka – Business Ethics & Corporate Governance – Vikash Publication
 Auditing Principles and Techniques - S. K. Basu, Pearson Publication

(CORE-14) BUSINESS MATHEMATICS

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

Contents:
Unit I Matrices and Determinant
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.

Unit II Calculus Calculus I

Mathematical functions and their types- linear, quadratic, polynomial, exponential,
logarithmic and logistic function. Concepts of limit and continuity of a function,
Concept and rules of differentiation, Maxima and Minima involving second or higher
order derivatives
Calculus II
Integration: Standard forms. Methods of integration – by substitution, by parts and by
use of partial fractions, definite integration, Finding areas in simple cases, Application
of Integration to marginal analysis. Consumer‘s and Producer‘s Surplus, Rate of Sales
and the Learning Curve.

Unit III Mathematics of Finance

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 IV Linear Programming (Use of Excel spreadsheet & Other mathematical

software)
Formulation of linear programming problems (LPP): Graphical solution to LPPs.
Cases of unique and multiple optimal solutions, Unbounded solutions and infeasibility,
Solution to LPPs using Simplex method – maximization and minimization cases,
PERT and CPM (simple Problem)

Learning Outcome: After reading this subject the students will be able to understand
basic concepts in the areas of business calculus and financial mathematics and to
connect acquired knowledge with practical problems in economic practice.

Text Books Recommended

 Business Mathematics, Patri and Patri, Kalyani Publishers, New Delhi
 Business Mathematics - S K Sahoo, Vrinda Publications (P) Ltd.

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 COMMERCE DEPARTMENT (2020-21)

Suggested Readings:
 Arora P.N. Business Mathematics – S.Chand
 Business Mathematics, S.C. Agarwal, V.K. Global Pub. Pvt. Ltd., New delhi.
 GHOSH & SINHA BUSINESS MATHEMATICS & STATISTICS, Oxford
university press.
 Francis, J. Business Statistics, Cengage Learning
 Anthony, M. and N. Biggs. Mathematics for Economics and Finance. Cambridge
University Press.
 Arora S.R & Gupta K. – Business Mathematics – Taxmann Publication
 Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum‘s
Outlines Series. McGraw Hill Publishing Co.
 Mizrahi and John Sullivan. Mathematics for Business and Social Sciences. Wiley
and Sons.
 Zamirudeen&Bhambri – Business Statistics – Vikash Publication
 Wikes, F.M. Mathematics for Business, Finance and Economics. Thomson
Learning.
 Prasad, Bindra and P.K. Mittal. Fundamentals of Business Mathematics. Har-
Anand Publications.
 Thukral, J.K. Mathematics for Business Studies. Mayur Publications.
 Soni, R.S. Business Mathematics. Pitambar Publishing House.
 Singh J. K. Business Mathematics. Himalaya Publishing House

DSE – 1
Elective – I (Any one of the following Groups)
Group – A: ACCOUNTING & FINANCE FINANCIAL MARKETS,
INSTITUTIONS, & SERVICES

Objectives:To enable the students to understand the financial institutions operating in

India and services provided by them.
Unit-I
Basic Theoretical Framework: The financial system and its technology; The factors
affecting the stability of the financial system; Development finance vs. universal
banking; Financial intermediaries and Financial Innovation; RBI-Central Banking.

Unit-II: Financial Institutions & Non-Banking Financial Institutions Financial

Institutions:
A brief historical perspective. An update on the performance of IDBI, ICICI, IFCI and
SFCs, LIC &GIC, Banking Institutions: Commercial banks - the public and the private
sectors - structure and comparative performance, problems of competition; interest
rates, spreads, and NPAs. Bank capital - adequacy norms and capital market support.
Non-banking financial institutions:
Evolution, control by RBI and SEBI. A perspective on future role, Unit Trust of India
and Mutual Funds, Reserve bank of India Framework for/Regulation of Bank Credit .
Commercial paper: Features and advantages, Framework of Indian CP Market,
effective cost/interest yield.

Unit-III
Financial services: Asset/fund based Financial services - lease finance, consumer
credit and hire purchase finance, factoring definition, functions, advantages, evaluation

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 COMMERCE DEPARTMENT (2020-21)

and forfeiting, bills discounting, housing finance, venture capital financing. Fee-based
/ Advisory services: Stock broking, credit rating.

Unit-IV
Operations: Financial Assets/ Instruments Rights issues, issue of Debentures, issue of
Equity shares - pre-issue activity, post-issue activities. The regulatory framework:
SEBI and Regulation of Primary and Secondary Markets, Company Law provisions.
Learning Outcome: After completion of this paper, the students will be able to
understand the role and benefits of financial institution and services.

Text Books Recommended

 Financial Markets, Institutions & Services-Gordon, Natrajan-Himalaya
Publishing House
 Pathak: Indian Financial Systems Pearson Education

Suggested Readings
 Financial Market and Int. , A. goyal and M. Goyal, V.K. Global Pvt. Ltd.,
New Delhi
 Financial Markets , Institutions and Services, Kaur, Talwar, KAlyani
Publishers, New Delhi.
 BHATTACHARYYA INDIAN FINANCIAL SYSTEM 2e, Oxford
University Press.
 M.Y.Khan, Financial Services, Tata McGraw-Hill, New Delhi, 2004.
 H.R Machiraju, Indian Financial Systems, Vikas Publishing House Pvt.
Ltd.2002.
 Madura, J., Financial Institutions and Markets; Sharma R. and Mehta K.
Financial Services, Cengage Learning

DSE – 1
Group B: Banking & Insurance INDIAN BANKING AND INSURANCE SYSTEM

Objectives: To enable the students to acquire knowledge about basics of banking and
insurance.
Unit-I: Concept of Bank and Banking & Types of Customers and Account
holders Concept of Bank and Banking:
Historical Evolution of Banking: Origin and Development of Banking - Structure of
Banking in India – Banks and Economic Development –Functions of Commercial
banks (conventional and innovative functions) – Central Bank – RBI – functions –
Emerging trends in Banking.
Types of Customers and Account holders:
Procedure and practice in opening and operating the accounts of customers -
individuals including minors - joint account holders -Partnership firms - joint stock
companies - executors and trustees-clubs and associations

Unit-II
Introduction to insurance: Purpose and need of insurance, insurance as a social
security tool - insurance and economic development - Principles of insurance -various
kinds of insurance - life, marine, fire, medical, general insurance - features.

Unit-III
Life Insurance - Law relating to life Insurance; General Principles of Life Insurance
Contract; Proposal and policy; assignment and nomination; title and claims; General

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 COMMERCE DEPARTMENT (2020-21)

Insurance - Law relating to general insurance; different types of general insurance;

general insurance Vs life insurance – Insurance business in India.

Unit-IV
Fundamentals of Agency Law: Definition of an agent; Agents regulations; Insurance
intermediaries; Agents' compensation. Procedure for Becoming an Agent: Pre-requisite
for obtaining a license; Duration of license; Cancellation of license; Revocation or
suspension/termination of agent appointment; Code of conduct; Unfair practices.
Functions of the Agent: Proposal form and other forms for grant of cover; Financial
and medical underwriting; Material information; Nomination and assignment;
Procedure regarding settlement of policy claims.
Learning Outcome: After the completion of this paper, the student will acquired
practical knowledge of working mechanism of banking and insurance industries in
India.

Text Books Recommended

 M.N. Mishra: Insurance Principles and Practice, S. Chand & Company Ltd, Delhi.
 Indian Institute of Bankers (Pub) Commercial Banking Vol-I/Vol-II (part I&II)
Vol- III.
 Hota P.K., and Das S.K. Financial Literacy and Banking, Kalyani Publishers

Suggested Readings
 Dr. P. Periasamy: Principles and Practice of Insurance, Himalaya Publishing
House, Delhi.
 Mishra S. Banking Law and Practice – S Chand
 Prasad – Banking Insurance – Vikash Publication
 Inderjit Singh, RakeshKatyal& Sanjay Arora: Insurance Principles and
Practices, Kalyani Publishers, Chennai.
 Sheldon H.P :Practice and Law of Banking.
 Bedi. H.L :Theory and Practice of Banking.
 Maheshwari. S.N. :Banking Law and Practice.
 Shekar. K.C :Banking Theory Law and Practice.
 Pannandikar&Mithami': Banking in India.
 Radhaswamy&Vasudevan: Text Book of Banking.
 Varshaney: Banking Law and Practice.
 G. Krishnaswamy : Principles & Practice of Life Insurance
 Kothari &Bahl : Principles and Pratices of Insurance.

DSE – 1
GROUP – C: MANAGEMENT HUMAN RESOURCE MANAGEMENT

Objective:The objective of the course is to acquaint students with the techniques and
principles to manage human resource of an organization.
Contents:
Unit I: Nature and Scope & Human Resource Planning Nature and Scope
Concept and meaning of IR &HR, Understanding the Nature and Scope of IR & HRM,
Functions and importance
Human Resource Planning
Definition, Need and Features of Human Resource Planning, factors affecting Human
Resource Planning

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 COMMERCE DEPARTMENT (2020-21)

Unit II: Recruitment and Selection

Definition of Recruitment, Source, need and importance of Recruitment, Recruitment
Policy process – sources of Recruitment Definition of Selection, Steps in selection.

Unit III: Training and Development

Training and Development Meaning and purpose of training, Benefits of training to
organizationand employees -Training methods

Unit IV: Job Evaluation and Performance Appraisal

Job evaluation - objectives, scope, method, Job analysis, Job description, Job
Specification - basic concept and significance, Performance Appraisal - Concept

Learning Outcomes: This paper can enhance the capability of the students to manage
the most important assets of organization i.e. human beings which is much needed to
ensure growth of that organization.

Text Books Recommended

 Rao V.S.P - Human Resource Management. Vikash Publication
 Human Resource Management, Sagun Ahuja, V.K. Global Pvt. Ltd., New
Delhi
Suggested Readings:
 Human Resource Management- Satapathy, Taheer and Mohanty—
Himalaya Publishing House P Ltd.
 Human Resource Management, Gupta, Joshi. Kalyani Publishers, New Delhi
 Marketing Management & Human Resource Management: Verma et.al,
Oxford University press.
 Sinha, P. R. N. Shekhar, S.P.Human Resource Management, Cengage
Learning
 Human Resource Management -Gajendran, A K Jha, Vrinda Publications (P)
Ltd
 DeCenzo, D.A. and S.P. Robbins, ―Personnel/Human Resource Management‖,
Prentice Hall of India, New Delhi.
 Khanka S.S. Human Resource Management. S Chand.
 Ivancevich, John M. Human Resource Management. McGraw Hill.
 Wreather and Davis. Human Resource Management. Pearson Education.

DSE – 2
Elective – II (Any one of the following Groups)
GROUP – A: ACCOUNTING & FINANCE

Financial Statement Analysis & Reporting

Objectives: To enable the students to understand the basic knowledge about the
financial statement analysis and reporting for economic decision making.

Unit-I

Introduction Concepts of financial statements – Nature of financial statements –

Objectives of financial statements – Different types of financial statements: income
statement, balance sheet, statement of retained earnings, fund flow statement, cash
flow statement, Notes to Accounts – Limitations of financial statements.

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 COMMERCE DEPARTMENT (2020-21)

Unit-II
Analysis & Interpretation of Financial Statements: Traditional Approaches Vs.
Modern Approaches to financial statement analysis – Classification of financial
statement analysis: based on modus operandi and based on materials used –
Techniques of financial statement analysis: Comparative Statements, Common-size
Statements, Trend Ratios and Ratio Analysis – Problems encountered in financial
statement analysis.

Unit-III: Ratio Analysis

Ratio Analysis: Classification of ratios – Ratio formation – Ratio interpretation –
Practical methods of ratio analysis: Time Series (intra firm) Analysis, Cross Sectional
(inter firm) Analysis, Residual Analysis and Multivariate Analysis.
Multivariate Ratio Analysis:
Concept, objectives, uses and limitations – Univariate analysis Vs. Multivariate ratio
analysis – Application of statistical tools in financial statement analysis.

Unit-IV
Corporate Reporting: Cash Flow statement Analysis (AS 3) and Statutory and Non
Statutory Reports, Integrated Reporting and Sustainability Reporting Learning
Outcome: After the completion of this paper, the students will be able to prepare the
end result of a business houses by preparation through financial statement analysis
and reporting.

Text Books Recommended

1. Financial Statement Analysis and Reporting, S Swain/ B. Mishra, V.K. Global Pvt.
Ltd., New Delhi.
2. Financial Statement Analysis and Reporting-Prashanth Athma-Himalaya
Publishing House

Suggested Readings:
1. Financial Statement Analysis and Reporting. Gupta, Mehra Kalyani Publishers.
2. Narasimhan, M.S. : Financial Statement and Analysis, Cengage Learning
3. Foster, G.: Financial Statement Analysis, Englewood Cliffs, NJ, Prentice Hall.
4. Sahaf M.A – Management Accounting – Principles & Practice – Vikash
Publication
5. Maheswari, S.N.: Management Accounting & Financial Control, New Delhi,
Sultan Chand.
6. Foulke, R.A.: Practical Financial Statement Analysis, New York, McGraw-Hill.
7. Hendriksen, E.S.: Accounting Theory, New Delhi, Khosla Publishing House.
8. Porwal, L.S.: Accounting Theory – An Introduction, New Delhi, Tata-McGraw-
Hill

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 COMMERCE DEPARTMENT (2020-21)

DSE-2
GROUP B: BANKING & INSURANCE MERCHANT BANKING AND
FINANCIAL SERVICES

Objectives: To enable the students to understand the basic knowledge about the
financial services available in India.

Unit-I
Merchant Banking: Nature and scope of Merchant Banking - Regulation of Merchant
Banking Activity - overview of current Indian Merchant Banking scene - structure of
Merchant Banking industry - primary Markets in India and Abroad - professional
Ethics and code of conduct - current Development

Unit-II
Financial Services: Meaning and Definition, Role of Financial Services in a
financial system. Leasing: Meaning and features. Introduction to equipment leasing:
Types of Leases, Evolution of Indian Leasing Industry. Legal Aspects of Leasing:
present Legislative Framework. Hire purchase: concept and characteristics of Hire
purchase. Difference between hire purchase and leasing

Unit-III
Factoring: concept, nature and scope of Factoring - Forms of Factoring - Factoring
vis-à-vis Bills Discounting - Factoring vis-à-vis credit Insurance Factoring vis-à-vis
Forfeiting- Evaluation of a Factor - Evaluation of Factoring - Factoring in India current
Developments.

Unit-IV
Securitization / Mortgages: Meaning, nature and scope of securitization,
securitization as a Funding Mechanism, securitization of Residential Real Estate -
whole Loans - Mortgages - Graduated-payment. Depository: Meaning, Evolution,
Merits and Demerits of Depository. Process of Dematerialization and
Dematerialization, Brief description of NSDL and CDSL
Security Brokerage:
Meaning of Brokerage, types of brokers. Difference between broker and jobber, SEBI
Regulations relating to brokerage business in India.
Learning Outcome: After the completion of this course, the student will be able to
understand the structure and function of mercantile banking and various financial
services available in the present business world.

Text Books Recommended

 Machiraju, Indian Financial System, Vikas Publishing House, 2nd Edition,
2002.
 Merchant banking and financial services, Gupta /Gupta, Kalyani Publishers,
New delhi
Suggested Readings:
 M.Y.Khan, Financial Services, Tata McGraw-Hill, 11th Edition, 2008
 Gopal C.R – Management Financial Service – S.Chand
 NaliniPravaTripathy, Financial Services, PHI Learning, 2008
 J.C.Verma, A Manual of Merchant Banking, Bharath Pub. House, New Delhi.
 Varshney P.N. & Mittal D.K., Ind. Fin. Sys.,Sultan Chand & Sons,New Delhi.
 Sasidharan, Financial Services and System, Tata Mcgraw Hill, New Delhi,
1st Edition, 2008.
 Website of SEBI.
 Merchant Banking & Fin. Services-Sharma M--Himalaya Publishing House
 Sharma R. and Mehta K. Financial Services, Cengage Learning

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 COMMERCE DEPARTMENT (2020-21)

DSE – 2
GROUP – C: MANAGEMENT INTERNATIONAL BUSINESS

Objective:The objective of the course is to familiarize the students with the concepts,
importanceand dynamics of international business and India‘s involvement with global
business. The coursealso seeks to provide theoretical foundations of international
business to the extent these arerelevant to the global business operations and
developments.

Unit I: Introduction to International Business

 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
 International Business Environment: National and foreign environments and their
components - economic, cultural and political-legal environments, Issues in
International Trade

Unit –II Theories of International Trade and International Organizations

 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.
 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 International Financial Environment

 Regional Economic Co-operation: Forms of regional groupings; Integration efforts
among in Europe, North America and Asia (NAFTA, EU , ASEAN and SAARC) .
 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 Foreign Trade Promotion and Financing of foreign trade

 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.
 Financing of foreign trade and payment terms – sources of trade finance (Banks,
factoring, for faiting, Banker‘s Acceptance and Corporate Guarantee) and forms of
payment (Cash in advance, Letter of Credit, Documentary Collection, Open Account)

Text Books Recommended

 Daniels John, D. Lee H. Radenbaugh and David P. Sullivan. International Business.
 Pearson Education
 Cherunilam, Francis. International Business: Text and Cases. PHI Learning

Suggested Readings:
 Charles W.L. Hill and Arun Kumar Jain, International Business. New Delhi: McGraw
Hill
 Education

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 COMMERCE DEPARTMENT (2020-21)

 Johnson, Derbe., and Colin Turner. International Business - Themes & Issues in the
Modern
 Global Economy. London: Roultedge.
 Michael R. Czinkota. et al. International Business. Fortforth: The Dryden Press.
 Peng and Srivastav, Global Business, Cengage Learning
 Subba Rao P – International Business-Himalaya Publishing House
 JOSHI INTERNATIONAL BUSINESS SITKIN INTERNATIONAL BUSINESS,
Oxford University Press.

DSE – 3
Elective – III (Any one of the following Groups)
GROUP – A: ACCOUNTING & FINANCE FUNDAMENTALS OF
CORPORATE TAX PLANNING

Objective:To provide a conceptual idea about the various provisions of tax planning
related to corporate sector.
Contents Unit-I:
Corporate Tax in India–Concept of Tax planning, Tax management, Tax avoidance,
Tax evasion, Assessment year and Financial Year
Residential status of corporate and its incidence of tax, Minimum Alternate Tax,
Calculation of Tax Liability.

Unit-II:
Carry forward and set-off of losses and unabsorbed depreciation (headwise)

Unit-III:
Tax Planning with reference to Depreciation, Capital Gain and Scientific Research

Unit-IV:
Corporate Tax returns–Assessment, Return Filing, Penal provision, Double taxation
Relief

Learning outcome: After completion of this paper, students will be able to help tax
consultants in tax planning, assessment and filing income tax returns of corporate
sector, thereby they can get themselves self-employed.
Text Books Recommended
 Bhagabati Prasad, Direct Tax Laws & Practices
 Corporate Tax Planning, V.K. Global Publications
Suggested Readings
 Singhania V.K. Direct Taxes: Law & Practices, Taxmann Publication.
 Corporate Tax Planning, Kalyani Publishers

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 COMMERCE DEPARTMENT (2020-21)

DSE – 3
GROUP B: BANKING & INSURANCE FUNDAMENTALS OF INVESTMENT

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.

Contents Unit-I:
The Investment Environment- 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.

Investor Protection
Role of SEBI and stock exchanges in investor protection; Investor grievances and their
redressal system, insider trading, investors‘ awareness and activism.

Unit-II:
Fixed Income Securities- 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: Introductions to Fundamental Analysis, Technical
Analysis and Efficient Market Hypothesis, dividend capitalization models, and price-
earnings multiple approach to equity valuation.

Unit-IV:
Portfolio Analysis and Financial Derivatives:(a) Portfolio and Diversification,
Portfolio Risk and Return. (b) Mutual Funds. (c) Introduction to Financial Derivatives,
Financial Derivatives Markets in India.
Learning outcome: After completion of this paper, this paper will educate the
students about various aspect of investment in detail along with understandability of
stock market operation, focusing on need for common investor protection.

Text Books Recommended

 Bhalla – Fundamentals of Investment – S.Chand
 Rustogi, R.P., Fundamentals of Investment, Sultan Chand & Sons, New
Delhi.

Suggested Readings
 Pandian P. – Security Analysis & Portfolio Management – Vikash
Publication
 Jones, C.P., ―Investments Analysis and Management‖, Wiley, 8thed.
 Prasanna, Chandra., ―Investment Analysis and Portfolio Management‖, Tata
McGraw Hill.
 Vohra, N.D., and B.R. Bagri, ―Futures and Options‖, McGraw Hill
Publishing
 Mayo, An Introduction to Investment,Cengage Learning.
 Fundamentals of Investment, Sashi Gupta, Kalyani Publishers, New Delhi,
 Fundamentals of Investment, Vandana Dangi, V.K. Globa. Pub. Pvt. Ltd.
New delhi. 10.

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 COMMERCE DEPARTMENT (2020-21)

DSE-3
GROUP – C: MANAGEMENT CONSUMER AFFAIRS & CUSTOMER CARE

Objective: This paper seeks to familiarise 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

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) 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.
RTI Act

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.

Unit IV: Industry Regulators and Consumer Complaint Redress Mechanism

 Banking: RBI and Banking Ombudsman
 Insurance: IRDA and Insurance ombudsman
 Telecommunication: TRAI
 Food Products: FSSAI (an overview)
 Electricity Supply: Electricity Regulatory commission
 Advertising: ASCI

Text Books Recommended

 The Consumer Protection Act, 1986
 Bhatta KG- Customer Care Management-Himalaya Publishing House

Suggested Readings:
 Khanna, Sri Ram, Savita Hanspal, Sheetal Kapoor, and H.K. Awasthi.
Consumer Affairs‖
 (2007) Delhi University Publication. 334 pp.
 Aggarwal, V. K. (2003). Consumer Protection: Law and Practice. 5th ed.
Bharat Law

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 COMMERCE DEPARTMENT (2020-21)

 House, Delhi, or latest edition.

 Girimaji, Pushpa (2002). Consumer Right for Everyone Penguin Books.
 Nader, Ralph (1973). The Consumer and Corporate Accountability. USA,
Harcourt Brace
 Jovanovich, Inc.
 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.
 Empowering Consumers e-book, www.consumeraffairs.nic.in
 ebook, www.bis.org
 Nair Suja – Consumer Behaviour – Himalaya Publishing House

DSE-4
B.COM. (HONS.): SEMESTER – VI
BUSINESS RESEARCH METHODS AND PROJECT WORK

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.

Section A: Business Research Methods 50 Marks Unit-I

Introduction: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: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: Definition; Designing and writing items; Uni-dimensional and Multi-
dimensional scales; Measurement Scales- Nominal, Ordinal, Interval, Ratio; Ratings
and Ranking Scale, Thurst one, Likert and Semantic Differential scaling, Paired
Comparison; Sampling –Steps, Types, Sample Size Decision; Secondary data sources

Hypothesis Testing: Tests concerning means and proportions; ANOVA, Chi-square

test and other Non-parametric tests; testing the assumptions of Classical Normal Linear
Regression.

Section B – Project Report Marks (30 + 20)

Unit-IV Report Preparation: Meaning, types and layout of research report; Steps in
report writing; Citations, Bibliography and Annexure in report; JEL Classification

Note:
 There shall be a written examination of 50% Marks on the basis of Unit I to III.

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 COMMERCE DEPARTMENT (2020-21)

 The student will write a project report under the supervision of a faculty member
assigned by the college/institution based on field work. The Project Report carries 50%
Marks and will be evaluated by University appointed examiners.

Learning Outcome: After completion of this paper, the students will be able to assess
and apply a range of research method on a practical project.

Text Books Recommended

 Mishra Business Research Methods , Oxford University Press.
 Business Research Methods and Project work, Priyaranjan Dash,
VrindaPublications
(P) Ltd

Suggested Readings:
 Business Research methods, S.C. Agarwal, V.K. Global Pub. Pvt. Ltd., New
Delhi.
 Upagade& Shende – Research Methodology – S. Chand
 A.K.P.C. Swain, Business Research methods and Project work, Kalyani
Publishers, New Delhi
 Dangi, H.K. Business Research methods, Cengage Learning
 Chawla Deepak – Research Methodology – Vikash Publication

(GE – 1) MICRO ECONOMICS

Objective: Objective of the course is to acquaint the students with the concepts of
micro- economics dealing with consumer behavior. The course also makes the student
understand the supply side of the market through the production and cost behavior of
firms.

Unit: I Demand and Consumer behaviour

Concept of demand: demand function, law of demand, derivation of individual and
market demand curves, shifting of the demand curve, elasticity of
demand, Consumer behavior, Marshallian utility approach and Indifference Curve
approach; utility maximization conditions . Income-Consumption Curve (ICC) and
Price-Consumption Curve (PCC)

Unit: II Production and Cost

Production function: Short-run and Long-run; Total Product, Average Product and
Marginal Product, Law of returns to a variable factor, Law of Returns to Scale;
Concepts of Iso-quant and iso-cost line; Cost: Accounting and Economic Costs; Social
and Private Costs; Short-run and Long-run Costs; Relation between Average and
Marginal

Unit: III Perfect Competition

Concept of Perfectly Competitive market: Assumptions, Profit maximization
conditions; Related concepts of Total Revenue, Average Revenue and Marginal
Revenue, Short-run and Long- run equilibrium of a firm; determination of short-run
supply curve of a firm, measuring producer surplus under perfect competition

Unit: IV Imperfect Competition Monopoly

Concept of Monopoly: Sources of monopoly power; Short-run and Long-run
equilibrium of a monopoly firm; Price discrimination; Social Cost of Monopoly
(concept only).

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 COMMERCE DEPARTMENT (2020-21)

Monopolistic Competition
Concept of Imperfectly Competitive market; Monopolistic Competition: Features and
examples; Oligopoly: Non-Collusive Oligopoly: Sweezy‘s Kinked demand Curve
Model, Collusive Oligopoly: Cartel (concept with example)

Learning Outcomes: The students would be able to apply tools of consumer

behaviour and firm theory to business situations.

Text Books Recommended

 Micro Economics-K C Dash- Himalaya Publishing House
 Ahuja, H.L, Micro Economics, S.Chand

Suggested Readings:
 Mehta P.K, Singh M. – Micro Economics – Taxmann Publication
 Micro Economics-T.R. Jain , B.D. Majhi, V.K. Global
 Browining, E.K. and J.M. Browning; Microeconomic Theory and
Applications,
 Kalyani Publishers, New Delhi.
 Microeconomics I and Statistics: Das & Sengupta, Oxford University Press
 N. Gregory mankiw, Principles of Micro Economics, Cengage Learning
 Dwivedi, D.N. Micro Economics, Vikash Publication
 Pindyck, R.S., D. L. Rubinfeld and P. L. Mehta; Microeconomics, Pearson
Education.
 N. Gregory mankiw, Principles of Micro Economics, Cengage Learning
 Maddala G.S.and E.Miller; Microeconomics: Theory and Applications,
 MCGraw-Hill International.

(GE-2)
MACRO & INDIAN ECONOMY

Objectives:The course aims at providing the student with knowledge of basic concepts
of the macro economics. The modern tools of macro-economic analysis are discussed
and the policy framework is elaborated, including the open economy.

Contents:

Unit I Introduction to Macro Economics

Introduction: Meaning and definition of Microeconomics and macroeconomics,
Difference between Microeconomics and macroeconomics, macro-economic goals,
components of Macroeconomics, Economic Systems: Mixed economy, Socialism
economy, Capitalism economy and Islamic economy (only meaning and
characteristics)

Unit II National Income Accounting

Definition of National Income, Concepts of National Income,GDP and GNP, Methods
of Measuring National Income, Uses of National Income, Difficulties in calculating
National Income, Real Income, Per Capita Income and Growth Rate

Unit:III National Income Equilibrium

I Concepts of Equilibrium, Consumptions & Savings, Investment Theory,
Government Sector, Foreign Sector, Determination of Equilibrium, Multiplier

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 COMMERCE DEPARTMENT (2020-21)

Concept, Inflationary Gap and Deflationary Gap, Summary of Two-, Three- and Four-
sector Economies

Unit:IV Role of Government

Economic functions of Government, Types of Budget, Government Revenue,
Government Expenditure, Public Debt, and Government Policy
Macroeconomic Problems
Introduction, Business cycle, Unemployment, Inflation, Deflation, Depression, RBI
and monetary policy

Learning Outcomes: Students would be able to apply the modern tools of macro-
economic analysis so as to minimize the adverse impact of macro-economic factors on
business.

Text Books Recommended

 Macro & Indian Economy, M. Treheran, T Treheran, V.K. Global publishing
Pvt. Ltd., New Delhi
 Ahuja H.L – Macro Economics – S.Chand

Suggested Readings
 Mankiw, N. Gregory. Principles Macroeconomics.Cengage Learning
 Macro and Indian economy, P.K. Dhar, Kalyani Publishers
 Macro and Indian Economy-V K Puri- Himalaya Publishing House
 Dornbusch, Rudiger., Stanley. Fischer and Richard Startz, Macroeconomics.
Irwin/McGraw-Hill.
 Vaish – Macro Economics – Vikash Publication
 Macroeconomics & Indian Economy: Bhattacharyya, Oxford University Press.

(GE-3)
BUSINESS STATISTICS

Objective:The objective of this course is to familiarize students with the basic

statistical toolsused for managerial decision-making.

Contents:

Unit I:
Statistical Data and Descriptive Statistics (With the use of Excel and other
statistical software)
Nature and Classification of data: Univariate, Bivariate and multivariate data;
time-series and cross-sectional data Measures of Central Tendency
 Mathematical averages including arithmetic mean, geometric mean and
harmonic mean. Properties and applications.
 Positional Averages Mode and Median and other partition values including
quartiles, deciles, and percentiles

Unit II:
Measures of Variation (With the use of Excel and other statistical software)
Absolute and relative, Range, quartile deviation, mean deviation, standard deviation,
and their coefficients, Properties of standard deviation/variance Skewness: Meaning,
Measurement using Karl Pearson and Bowley‘s measures; Concept of Kurtosis

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 COMMERCE DEPARTMENT (2020-21)

Unit III:
Simple Correlation and Regression Analysis (With the use of Excel and other
latest software)

Correlation Analysis: Meaning of Correlation: simple, multiple and partial; linear and
non- linear, Correlation and Causation, Scatter diagram, Pearson‘s co-efficient of
correlation; calculation and properties (proofs not required). Correlation and Probable
error; Rank Correlation
Regression Analysis: Principle of least squares and regression lines, Regression
equations and estimation; Properties of regression coefficients; Relationship between
Correlation and Regression coefficients; Standard Error of Estimate

Unit IV:
Index Numbers (With the use of Excel and other latest software)
Meaning and uses of index numbers: Construction of index numbers: fixed and chain
base: univariate and composite. Aggregative and average of relatives – simple and
weighted
Tests 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

Time Series Analysis (With the use of Excel and other latest software)
Components of time series, Additive and multiplicative models Trend analysis,
Fitting of trend line using principle of least squares – linear, second degree parabola
and exponential, Conversion of annual linear trend equation to quarterly/monthly
basis and vice-versa; Moving averages Seasonal variations- Calculation of Seasonal
Indices using Simple averages, Ratio-to-trend, and Ratio-to-moving averages
methods. Uses of Seasonal Indices

Learning Outcomes: Students would be armed with the knowledge of using different
statistical tools very much required in the decision making process in any business as
well as business research.

Text Books Recommended

 Gupta, S.P., and Archana Gupta. Statistical Methods. Sultan Chand and Sons,
New Delhi.
 Business Statistics - Levine and Viswanathan, Pearson Publication

Suggested Readings:
 Business statistics, S.C. Agarwal, V.K. Global Pub. Pvt. Ltd, New Delhi.
 Patri and Patri, Business statistics , Kalyani Publishers New Delhi.
 Keller G, and Arora H, BSTAT, Cengage Learning
 Gupta, S.C. Fundamentals of Statistics. Himalaya Publishing House.
 Business Statistics– S K Sahoo, P K Prusty, Vrinda Publications (P) Ltd
 Microeconomics I and Statistics: Das & Sengupta, Oxford University
Press.
 Sharma J K, Fundamentals of Business Statistics – Vikash Publication
 Vohra N. D., Business Statistics, McGraw Hill.

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 COMMERCE DEPARTMENT (2020-21)

(GE-4)
PRINCIPLES OF MARKETING

Objective: The objective of this course is to provide basic knowledge of concepts,

principles, tools and techniques of marketing.
Contents:
Unit I: Introduction:
Nature, scope and importance of marketing; Selling vs Marketing; Marketing mix,
Marketing environment: concept, importance, and components (Economic,
Demographic, Technological, Natural, Socio-Cultural and Legal).
Consumer Behaviour and Market segmentation:
Consumer Behaviour: Nature and Importance, Factors influencing consumer buying
behaviour. Market segmentation: concept, importance and bases; Product
differentiation vs. market segmentation.

Unit II: Product:

Concept and importance, Product classifications; Concept of product mix; Branding,
packaging and labeling; Product life-cycle; New Product Development Process

Unit III: Pricing, Distribution Channels and Physical Distribution

Pricing: Significance, Factors affecting price of a product, Pricing policies and
strategies, Distribution Channels and Physical Distribution: Channels of distribution -
meaning and importance; Types of distribution channels; Factors affecting choice of
distribution channel

Unit IV: Promotion and Recent developments in marketing:

Promotion: Nature and importance of promotion; Communication process; Types of
promotion: advertising, personal selling, public relations & sales promotion, and their
distinctive characteristics. Recent developments in marketing: Social Marketing, online
marketing, direct marketing, services marketing, green marketing, Rural marketing;
Consumerism
Learning outcome: After the completion of this paper, the students will able to
identify marketing components and fit them in the value chain along with the various
marketing strategies.

Text Books Recommended

Marketing Principles and Management-Sherleker and Pany-- Himalaya Publishing
House Kotler, Philip, Gary Armstrong, Prafulla Agnihotri and AhsanUlHaque.
Principlesof Marketing. 13thedition. Pearson Education.
Suggested Readings:
 Principles of Marketing, Bajaj, Kaur, Kalyani Publishers, New Delhi.
 Principles of Marketing , R.K. Mittal , A. Sharma, V .K. Global Pub. Pvt. Ltd,
New Delhi.
 Marketing Management & Human Resource Management: Verma et.al, Oxford
University Press.
 Lamb, C. W., Hair, J.F. and Sharma, D. MKTG, Cengage Learning
 Principles of Marketing M K Nabi, K C Raut, Vrinda Publications (P) Ltd
 Arun Kumar – Marketing management – Vikash Publication
 Rudani R.B – Basics of Marketing Management – S. Chand
 Majaro, Simon. The Essence of Marketing. Prentice Hall, New Delhi.
 Zikmund William G. and Michael D‘Amico. Marketing; Creating and Keeping
Customers in an E-Commerce World. Thomson Learning.
 Chhabra, T.N., and S. K. Grover. Marketing Management. Fourth Edition.
DhanpatRai& Company.

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 COMMERCE DEPARTMENT (2020-21)

(SEC-1)
COMMUNICATIVE ENGLISH

(SEC-2)

QUANTITATIVE AND LOGICAL THINKING

ENVIRONMENTAL STUDIES (AECC I)

Unit – I
The Environment: The Atmosphere, Hydrosphere, Lithosphere, Biosphere, Ecology,
Ecosystem, Biogeochemical Cycle (Carbon Cycle, Nitrogen Cycle), Environment
Pollution: Air Pollution, Water Pollution, Soil Pollution, Radiation Pollution.
Unit – II
Population Ecology: Individuals, Species, Pollution, Community, Control Methods of
Population, Urbanization and its effects on Society, Communicable Diseases and its
Transmission, Non-Communicable Diseases.
Unit- III
Environmental Movements in India: Grass root Environmental movements in India,
Role of women, Environmental Movements in Odisha, State Pollution Control Board,
Central Pollution, Control Board.
Unit –IV
Natural Resources: Conservation of Natural Resources, Management and
Conservation of Wildlife, Soil Erosion and Conservation, Environmental Laws: Water
Act, 1974, Air Act, 1981, The Wildlife (Protection) Act, 1972, Environment
Protection, 1986, Natural Disasters and their Management.

Books Recommended
1. Dash MC and Mishrs PC, Man and Environment, McMillan, London.
2. Mishra PC and Das MC, Environment and Society, McMillan, London.
3. Odeem EP, Fundamentals of Ecology, Natraj Publication.
4. Mishra DD, Fundamental Concept in Environmental Studies, S.Chand, New Delhi.
5. Asthana DK and Asthana Meera, A Testbook of Env. Std., S. Chand, New Delhi.
6. Bharucah Erach, Textbook for Env. Std., Universities Press India Pvt.Ltd.,Hyderabad.

Ability Enhancement Compulsory Course (AECC II)

**MIL / Alternative English **
** The Detailed course is available in the respective language courses. For
Example, MIL Odia is available in the Model Syllabus for Odia
Training Requirement for Subjects (7 Days each)
 GST and Financial Markets and E-Commerce
 IFRS, IND AS and Computerised Accounting
 Data Mgt. and Analytics, Business Mathematics (Only Derivatives and Integration)



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