SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben

Jivanlal College of Commerce & Economics (AUTONOMOUS)

Program: B.Com. (Accounting and Finance) (2024-25) Semester: III

Course: Special Accounting Areas Course Code:
Teaching Scheme Evaluation Scheme
Tutori Semester End
Lecture Practical al Continuous
Examinations (SEE)
(Hours per (Hours per (Hours Credit Assessment (CA)
week)
(Marks- 60)
week) per (Marks - 40)
week) in Question Paper)
4 4 40 60
Learning Objectives:
• Understanding special features of consignment business and understand why consignment is termed
as special transaction.
• Students will understand the procedure for accounting for Fire Insurance Claim
• Students will be able to understand the accounting related to Hire Purchase
• Insight into procedure of maintaining accounts as per the Co-operative Societies Act

Course Outcomes:
After completion of the course, learners would be able to:
CO1: Apply the accounting treatment for consignment transactions and events in the books of consignor and
consignee
CO2: Compute the amount of claim to be lodged with insurance company
CO3: Identify the components of total hire purchase price and compute the interest under different
situations
CO4: Apply the accounting norms of Co-operative Societies and prepare its final accounts

Outline of Syllabus: (per session plan)

Module Description No of Hours

1 Consignment Accounting 15

2 Accounting for Fire Insurance Claim 15

3 Accounting for Hire Purchase 15

4 Accounting for Co-operative Societies 15

Total 60
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Unit Topic No. of

Hours/Credits

Module 1 Consignment Accounting 15

• Accounting for Consignment Transactions

• Valuation of Stock
• Invoicing of Goods at Higher Price (Excluding
Overriding Commission, Normal / Abnormal Losses)
Module 2 Accounting for Fire Insurance Claim 15

• Computation of Loss of Stock by Fire

• Procedure for Claim settlement and Application of
Average Clause.
• Ascertainment of Claim and Gross Profit Ratios.
Module 3 Accounting for Hire Purchase 15

• Meaning and Calculation of Interest

• Accounting for Hire Purchase Transactions by Asset
Purchase Method Based on Full Cash Price
• Journal Entries, Ledger Accounts and Disclosure in
Balance Sheet for Hirer and Vendor (Excluding
Default, Repossession and Calculation of Cash Price)
Module 4 Accounting for Co-operative Societies 15
• Definitions under Maharashtra State Co-operative
Societies Act.
• Types of Co-operative Societies, accounting systems,
returns and statements.
• Accounting provisions of Maharashtra State Co-
Operative Societies Act and Rules.
• Problems based on Final Accounts of Consumer Co-
operative Societies and Credit Co-operative Societies.
• Definition of Housing Society
• Classification
• Main objects of housing society
• Model Bye- Laws
• Formats and Problems based on Final Accounts of Co-
operative Housing Society.
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

To develop scientific temper and interest by exposure through industrial visits and
study/educational tours is recommended in each semester

Essential Readings
• Introduction to Accountancy by T.S. Grewal, S. Chand and Company (P) Ltd.,
NewDelhi
• Advance Accounts by Shukla and Grewal, S. Chand and Company (P) Ltd., New Delhi
• Advanced Accountancy by R.L Gupta and M. Radhaswamy, S. Chand and Company
(P) Ltd., New Delhi
• Financial Accounting by P.C. Tulsian, Pearson Publications, New Delhi

Supplementary Readings
• Modern Accountancy by Mukherjee and Hanif, Tata Mc. Grow Hill and Co. Ltd.,
Mumbai
• Financial Accounting by Lesile Chandwichk, Pentice Hall of India Adin Bakley (P)
Ltd., New Delhi
• Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi-Tech.
Publishing Co. Ltd., Mumbai
• Accounting Principles by R.N. Anthony and J.S. Reece, Richard Irwin, Inc
• Financial Accounting by Monga, J.R. Ahuja, Girish Ahuja and Ashok Shehgal,
MayurPaper Back, Noida
• Compendium of Statement and Standard of Accounting, ICAI
• Indian Accounting Standards, Ashish Bhattacharya, Tata Mc. Grow Hill and Co. Ltd.,
Mumbai
• Financial Accounting by Williams, Tata Mc. Grow Hill and Co. Ltd., Mumbai
• Company Accounting Standards by Shrinivasan Anand, Taxman, New Delhi
• Financial Accounting by V. Rajasekaran, Pearson Publications, New Delhi
• Introduction to Financial Accounting by Horngren, Pearson Publications, New Delhi
• Financial Accounting by M. Mukherjee and M. Hanif, Tata McGraw Hill Education
Pvt. Ltd., New Delhi
• Financial Accounting a Managerial Perspective, Varadraj B. Bapat, Mehul Raithatha,
Tata McGraw Hill Education Pvt. Ltd., New Delhi
• www.icai.org (E- Books/ Study Material)
• www.icmai.in (E- Books/ Study Material)
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Program: B.Com. (Accounting and Finance) (2024-25) Semester: III

Course: Strategic Financial Management Course Code:
Teaching Scheme Evaluation Scheme
Tutori Semester End
Lecture Practical al Continuous
Examinations (SEE)
(Hours per (Hours per (Hours Credit Assessment (CA)
week)
(Marks- 60
week) per (Marks - 40)
week) in Question Paper)
4 4 40 60
Learning Objectives:
• Know about various capital structure theories and list a number of factors or practical
considerations firms generally consider when making capital structure decisions.
• Understand different kinds of dividends and various dividend policies
• Describe primary sources of liquidity and factors influencing liquidity
• Evaluate a company’s management of accounts receivable, inventory, and Cash over time

Course Outcomes:
After completion of the course, learners would be able to:
CO1: Apply different types of theories in making capital structure decisions
CO2: Apply dividend theories and models in making dividend policy decisions
CO3: Compute the working capital requirement and apply the Tondon Committee Norms and recommendations
CO4: Identify and evaluate the necessary tools to use in managing a company’s net daily cash position,
Inventory and Receivables Management.

Outline of Syllabus: (per session plan)

Module Description No of Hours

1 Working Capital Management 15

2 Cash Management 15

3 Inventory and Receivables Management 15

4 Dividend Decisons 15

Total 60
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Unit Topic No. of

Hours/Credits
Module 1 Working Capital Management 15

• Introduction, Factors affecting working capital

requirement, Types, Operating cycle and Estimation of
Working Capital Requirement.
• Financing of working capital, Maximum Permissible
Bank Finance and Tandon committee norms and
recommendations.
Module 2 Cash Management 15

• Introduction and Meaning

• Motives for holding cash
• Various aspects of cash management
• Cash Budget as tool of management and its preparation
• Cash Collection and Disbursements
• Managing cash shortages and cash surplus.
• Problems based on Cash Budget
Module 3 Inventory and Receivables Management 15
• Inventory Management: Meaning, Features and
Objectives.
• Various Techniques for Inventory Control- Stock
Levels, ABC Analysis, EOQ Model, JIT.
• Receivable Management: Cost and benefits of
receivables, credit policy and procedures, Controlling
and monitoring receivables, ageing of debtors,
Concept of Factoring.
Module 4 Dividend Decisions 15

• Basics of Dividends
• Forms of dividend
• Determinants of dividend
• Relevancy and Irrelevancy of Dividend Policies-
Traditional Approach, Walter’s model, Gordon’s
model, Modigliani and Miller (MM) Hypothesis,
Lintners model
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

To develop scientific temper and interest by exposure through industrial visits and
study/educational tours is recommended in each semester

Essential Readings
• Financial Management: I M Pandey, Vikas Publishing House.
• Financial Management: Khan & Jain or Ravi M Kishore, Taxman
Supplementary Readings
• Financial Management: Text and Problems by M.Y. Khan and P.K. Jain, Tata
McGraw Hill, New Delhi
• Financial Management: Theory and Practice by Prasanna Chandra, Tata McGraw Hill,
New Delhi
• www.icai.org (E- Books/ Study Material)
• www.icmai.in (E- Books/ Study Material)
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Program: B.Com. (Accounting and Finance) (2024-25) Semester: IV

Course: Management Accounting Course Code:
Teaching Scheme Evaluation Scheme
Tutori Semester End
Lecture Practical al Continuous
Examinations (SEE)
(Hours per (Hours per (Hours Credit Assessment (CA)
week)
(Marks- 60
week) per (Marks - 40)
week) in Question Paper)
4 4 40 60
Learning Objectives:
• To acquaint management learners with basic accounting fundamentals
• To develop financial analysis skills among learners.
• To have deep understanding on the core concepts of business finance and to understand working
capital and credit management.
Course Outcomes:
After completion of the course, learners would be able to:
CO1: Describe and explain the nature, source, and major purposes of management accounting and control.
CO2: Analyse and prepare Financial Statements with the help of accounting ratios for decision making
CO3: Describe about management of working capital and methods for computing working capital.
CO4: gain insight on credit management.

Outline of Syllabus: (per session plan)

Module Description No of Hours

1 Introduction to Management Accounting & Analysis and Interpretation of Financial 15
Statements

2 Ratio Analysis and Interpretation 15

3 Working Capital Management 15

4 Credit Management 15

Total 60
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Unit Topic No. of

Hours/Credits

Module 1 Introduction to Management Accounting & Analysis and 15

Interpretation of Financial Statements
Introduction to Management Accounting
Meaning, Features, Scope, Importance, Functions, role of
Management
Accounting, Management Accounting Framework, Tools,
Management
Accounting and Financial Accounting

Analysis and Interpretation of Financial Statements

Vertical Form of Balance Sheet and Profit and Loss

Account
• Trend Analysis.
• Comparative and
• Common-size Statements.

Module 2 Ratio Analysis and Interpretation 15

Ratio Analysis: Meaning of financial Statement Analysis,
steps, Objective and types of Analysis. Ratio analysis:
Meaning, classification, Du Point Chart, advantages and
Limitations.

Balance Sheet Ratios:

i) Current Ratio ii) Liquid Ratio iii) Stock Working Capital
Ratio iv) Proprietary Ratio v) Debt Equity Ratio vi) Capital
Gearing Ratio

Revenue Statement Ratios:

i) Gross Profit Ratio ii) Expenses Ratio iii) Operating Ratio
iv) Net Profit Ratio v) Net Operating Profit Ratio vi) Stock
Turnover Ratio

Combined Ratio:
i) Return on Capital employed (Including Long Term
Borrowings), ii) Return on proprietor’s Fund (Shareholders
Fund and Preference Capital),
iii) Return on Equity Capital iv) Dividend Payout Ratio v)
Debt Service Ratio vi) Debtors Turnover
vii) Creditors Turnover

Module 3 Working Capital Management 15

Concept, Nature of Working Capital, Planning of Working
Capital

Estimation / Projection of Working Capital Requirement in

case of Trading and Manufacturing Organization

Operating Cycle
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Module 4 Credit Management 15

Credit Management – Terms of Payment, Credit Policy
Variables, Credit Evaluation, Credit Granting Decision,
Control of Accounts Receivables i.e. Receivables
Management, Ageing Schedule and Credit Management in
India

To develop scientific temper and interest by exposure through industrial visits and study/educational tours is
recommended in each semester

Essential Readings
• Cost Management by Saxena & Vashist
• Cost & Management Accounting by Ravi N.Kishor ,Publication Taxmonth
• Essential of Management Accounting by P.N.Reddy,Himalaye
• Management Accounting by Khan & Jain,Tata Megaw
Supplementary Readings
• Advanced Management Accounting by Robert S Kailar,Holl
• Financial of Management Accounting by S.R.Varshney,Wisdom
• Introduction of Management Accounting by Charbs T Horngram, PHI Learnng
• Management Accounting by I.m.Pandey, Vikas
• Cost & Management Accounting by D.K.Mattal,Galgotia
• Management Accounting by R.P.Resstogi
• www.icai.org (E- Books/ Study Material)
• www.icmai.in (E- Books/ Study Material)
• www.icsi.edu (E- Books/ Study Material)
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Program: B.Com. (Accounting and Finance) (2024-25) Semester: IV

Course: Indirect Taxes Course Code:
Teaching Scheme Evaluation Scheme
Tutori Semester End
Lecture Practical al Continuous
Examinations (SEE)
(Hours per (Hours per (Hours Credit Assessment (CA)
week)
(Marks- 75
week) per (Marks - 25)
week) in Question Paper)
4 4 40 60
Learning Objectives:
• To understand basics of GST and GST Registration procedure.
• To understand the concept of supply including time, place and value of supply under GST.
• To know about ITC, GST payment procedure & Various returns.

Course Outcomes:
After completion of the course, learners would be able to:

CO1: Identify and relate the existing system with respect to GST.
CO2: Explain and apply GST Registration procedure and other related provisions.
CO3: Explain and apply GST payment and return filing procedure.

Outline of Syllabus

Module Description No of Hours

1 Overview of Goods and Service Tax 15

2 Registration Under GST 15

3 Time, Place and Value of supply of goods or services 15

4 Payment of GST , Refunds, Returns, Accounts and Records, Assessment and Audit 15

Total 60
 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Unit Topic No. of

Hours/Credits

Module 1 Overview of Goods and Service Tax 15

Overview of GST:
• Introduction of GST
• Existing taxes subsumed under GST
• Constitutional framework
• History of GST
• Benefits of GST
• GST Council
• GST Network (GSTN)
• Types of GST
• Rates of GST
• Composition Scheme
• Reverse Charge Mechanism

Module 2 Registration Under GST 15

Registration:
• General Provisions and Procedure of registration
• Persons liable and not liable for Registration
• Special provisions relating to Casual taxable person
and Non-resident taxable person
• Amendment of registration
• Cancellation of registration
• Revocation of cancellation of registration
• Aggregate Turnover and Limits
• Numerical Examples on Aggregate Turnover and
requirement of GST Registration.

Module 3 Time, Place and Value of supply of goods or services 15

 SVKM’s Mithibai College of Arts, Chauhan Institute of Science & Amrutben
Jivanlal College of Commerce & Economics (AUTONOMOUS)

Time, Place and Value of Supply:

• Meaning of Supply and types of supply
• Time of Supply
• Place of Supply
• Value of Supply
• Numerical examples on Time, Place and Value of Supply

Module 4 Payment of GST, Refunds, Returns, Accounts and Records, 15

Assessment andAudit
Payment of GST:
• Input Tax Credit
• Electronic Ledger
• Payment of Tax
• Due date of GST Payment
• Interest, Late fee and Penalty
• TDS & TCS
• Numerical examples on Computation of GST Liability,
Interest and late fees.
Refunds, Returns, Accounts and Records, Assessment and
Audit:
• Provisions regarding Refund of tax, Refund in certain cases,
Interest on delayed refunds
• Types of Returns with due date
• Accounts and other records (GST Invoice, Bills of Supply,
Debit note,Credit note, Refund Voucher, Payment Voucher,
Electronic Way Bill etc.)
• Assessment and Types of Assessment
• Audit under GST

Essential Readings (Latest Edition)

• GST Law & Practice - V.S Datey (Revised Edition)
• Systematic Approach to GST-Dr. Girish Ahuja and Dr. Ravi Gupta
• GST & Custom Duty- Dr. H C Mehrotra

Supplementary Readings (Latest Edition)

• GST Laws – National Academy of Customs, Indirect Tax
• GST Laws by Taxmann (Singhania)
• Indirect Tax by Sanjay Bangar
• ICAI Study Material on Indirect Tax
• ICSI Study Material on Indirect Tax
• GST official Website