VEER NARMAD SOUTH GUJARAT UNIVERSITY

M.Com-I
Semester - 1
Paper No: 104
Financial & Management Accounting Paper - 1
(Syllabus effective from Academic Year 2019-20 onwards)
Objectives:
 To give the idea about holding Companies Account.
 To clear the concept about provisions of companies act 2013 and calculation of
managerial remuneration.
 To give the idea for accounting pattern for non-government organization.
 to clear the conceptual understanding about social Accounting and Public
interest Accounting
No. Particular Weightage
1. Holding Company Accounts : (Practical)
 Introduction of Holding Company & Subsidiary Company as per
Companies Act, 2013.
35%
 Preparation of consolidated Balance Sheet with one subsidiary
company (Excluding Cross Holdings) as per Companies Act, 2013
2. Managerial Remuneration : (Practical) 35%
 Provisions under the Companies Act, 2013 and its computation.
3. Accounting for Non-Government Organization : (Theory)
 Meaning and definition of NGO –Formation and classification of 20%
NGO- Importance of NGO Accountability – Accounting framework
for NGO - Types of books and records maintained by NGO.
4. Conceptual Understanding (Theory):
 Social Accounting (Meaning, its Nature, Need, Advantages)
10%
 Public Interest Accounting ( Meaning, Nature, Advantages and
Disadvantages)
Note:-
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of the curriculum.
References:
 Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., NewDelhi.
 Advanced Accounting - S. N.Maheshwari.
 Management Accounting & Financial Control - S. N. Maheshwari Sultan Chand & Co.,
New Delhi.
 Contemporary Accounting, Issues ByJawarlal, Published by Vision Books, NewDelhi.
 Principles of Management Accounting by Manmohan and S. N. Goyel,
SahityaBhavan,Agra.
 Human Resource Accounting - Gupta; Sultan Chand &Sons.
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 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-I
Semester - 1
Paper-105
Financial & Management Accounting Paper – 2
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To learn the financial accounting system of limited companies in detail.
 To learn the calculation about Fire claim & Branches Account in detail.
 To clear the theatrical concept about Environmental & Human resource
Accounting.

No. Particular Weightage

1. Final Accounts of Limited Company : (Practical)
(as per Companies Act, 2013) 40%

2. Branch Accounting : (Practical)

 Independent Branch - foreign branch as per
accounting standard - 11(Exchange rate 30%
shouldbegiven)
3. Environmental Accounting : (Theory)
Introduction: its origin and development, environmental
accounting for developed and developing countries - Indian 15%
context, Merits and demerits of environmental accounting.
4. Human Resource Accounting : (Theory)
 Need & Development, It's Concept of Human Resource
Accounting, Valuation of Human Resource, Recording 15%
& Disclosure in Financial Statement, Importance of
Human Resource Accounting, Human Resource
Accounting in India.

Note:
1. Final Accounts of Company are to be taught only as per Scheduled III
of Companies Act, 2013 and it is expected that students prepare balance
sheet as per Companies Act, 2013.
2. Practical problems shall not exceed 70% of total weightage.
3. The recent development in the paper be considered as implied part of the
curriculum.
References:

 Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co.,

NewDelhi.
 Advanced Accounting - S. N.Maheshwari.
 Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
 Contemporary Accounting, Issues ByJawarlal, Published by Vision
Books, NewDelhi.
 Principles of Management Accounting by Manmohan and S. N. Goyel,
SahityaBhavan,Agra.
 Human Resource Accounting - Gupta; Sultan Chand &Sons.
 Inflation Accounting - Gupta; Sultan Chand &Sons.
 Practical Financial Analysis - Foulke R.A.
 Techniques of Financial Analysis - Erich A.Illefert.
 Environmental Accounting - D. Das Gupta; D. Wheeler, NewDelhi.
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-I
Semester - 1
Paper-106
Financial & Management Accounting Paper - 3
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To acquaint the students with the recent trends in accountancy.
 To give a basic working knowledge of some of the provisions of Income Tax Act 1961,
 Knowledge Required: Reasonable working knowledge is expected.
No. Particular Weightage
1. Accounting Standards : (Practical)
(Recommended by the Institute of Chartered Accountants of India)
 Meaning , Objects, Utilities, International Accounting
Standard Board(IASB), Accounting Standards Board
(ASB) 25%
 Following standards required to be studied.
Accounting Standard -12 Government Grants
Accounting Standard -17 Segment Reporting
Accounting Standard-20 Earning Per Share
Accounting Standard – 26 intangible assets
Accounting Standard -28 Impairment of Assets
2. Income Tax : (Practical)
I. Provisions relating to : (28 %)
Computation of Income under the head "Profits and gains of
business or profession" including audit of accounts of certain
person. (Section 28 to 43,43B, 43C, 44AA, 44AB, 44AD,44ADA, 45%
44AE, 44AF)
II. Provisions relating to : (8%)
Set off and carry forward of losses (Section 70, 71, 72, 72A, 73,
74, 74A, 75,78, 79 & 80).
III. Provisions relating to : (11%)
Total Income of an Assessee (An Individual)
3. Return filing : (Theory)
I. Introduction – E-filing of income tax returns and 20%
E-payment of income tax, Application of PAN(49A),
online registration of PAN
II. Online filing of return of income of individuals, E-TDS,
TCS (tax collect at source), return preparation utility,
viewing of tax credit available in form-26AS, filing of
various returns of income for an individual that is ITR-1
(income tax return), ITR-4filing of the return with or
without digital signature.
III. Online filing of TDS statements- overview of TDS,
application for TAN( tax account number) utilities
available for preparation of statements/ certificates
 4. Goods and Service Tax : (Theory) 10%
1. Introduction and Concept Dual GST, Advantages of GST
2. Definitions: Goods, Service, CGST, IGST, Person, Work
Contract, Place of Business, Aggregate turnover, Business,
Supply, Composite Supply, Mixed Supply.
3. Present Indirect tax Structure v/s GST
4. GST Council
5. Collection of tax under Integrated Good and Service act
2017 (section 5 & 6)
6. Composition levy and levy and Collection.

Note:
1. If the Act is amended or replaced, the provisions and/or sections according to the
amended/ new Act will be applicable. Each year, updations /amendments in the
provisions of the respective Act or Amended Act, as the case may be, will be
applicable.
2. Provisions which are effective in the relevant Assessment year must be taught.
Relevant Assessment Year means the concerned Academic Year.
3. Practical problems shall not exceed 70% of total weightage.

Reference Books:

 Direct Taxes - V. K. Singhania; Taxamann Publication.

 Students guide to Income - Tax - V. K. Singhania.
 Advanced Accounting - Tulsian; Tata. McGraw Hill.
 Management Accounting - Dr. S. P. Gupta; SahityaBhavan, Agra.
 Accounting Theory - L. S. Porwal; Tata McGraw.
 Wheldon'sAcost Accounting - L. W. J. Owler& J. L. Brown; Pitman Publishing Ltd.,
London.
 Cost Accounting - N. K. Agrawal; Global Business Press.
 Financial Accounting - S. KR. Paul; New Central Book Agency (P) Ltd., Kolkata.
 Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New Delhi.
 Management Accounting & Financial Control - S. N. Maheshwari Sultan Chand & Co.,
New Delhi.
 Advance Management Accounting - Ravi M. Kishore; TaxmannAllide Services (P) Ltd.,
New Delhi.
 PoddarAvinash S : Glimpses of GST , CCH India – A Wolter Kluwer Business
 Batra Ashok, GST Law and Practice, CCH India– A Wolter Kluwer Business
 Datey V S, GST Ready Reckoner, Taxmann
 Mohan Rajat Illustrative Guide to GST, Bharat Law House
 PoddarAvinash S., Desai Mehul P., GST SaralSamjhuti, SBD Publication, Ahmedabad
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-I
Semester - 2
Paper No: 204
Financial & Management Accounting Paper - 4
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To acquaint the students with recent trends in accountancy.
 To develop in them the skill to analyze the financial accounting
data for managerial decisions.
 To give the idea about Fundamental Analysis of the Company
(Economic analysis, Industry Analysis and Company Analysis)
No. Particular Weightage
1. Ratio Analysis (of Company’s Financial Statements):
(Practical) 35%
 Classification of ratios, Uses and limitations of
ratios, Computation / Interpretation and analysis
of different ratios.
Company analysis
2. Ratio Analysis (of Banks Financial Statements) :
(Practical)
 Introduction to Financial Statements of Banking 35%
Industry.
 CRAR, NIM, CD Ratio, NPA (Gross and Net)
Ratio, Provision coverage Ratio, Spread Ratio,
Loan to Asset Ratio, Cost to Income-tax Ratio,
Loan turnover Ratio, Interest exp. & Interest
Earning ratio, Advances & Loan Funds Ratio,
Non-interest income to Total Fund Ratio, Interest
Income to Total Fund Ratio, Investment Deposits
Ratio.
 Computation/Interpretation and Analysis of
different ratios.
3. Economic Analysis & Industry Analysis : 15%
 Meaning, Steps, Macro Economic Analysis,
4. Startup Finance : (Theory)
 Introduction of Startup finance.
 Pitch Presentation.
15%
 Sources of Funding.
 Government Policy for Make in India Project

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  Startup financing through Venture Capital
Financing.

Note:-
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of the
curriculum.
References:
 Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co.,
NewDelhi.
 Advanced Accounting - S. N.Maheshwari.
 Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
 Contemporary Accounting, Issues ByJawarlal, Published by Vision
Books, NewDelhi.
 Principles of Management Accounting by Manmohan and S. N. Goyel,
SahityaBhavan,Agra.
 Human Resource Accounting - Gupta; Sultan Chand &Sons.
 Inflation Accounting – Gupta.
 Security Analysis and Portfolio Management, Prasannachandra

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 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-I
Semester - 2
Paper No: 205
Financial & Management Accounting Paper - 5
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To acquaint the students with financial reporting of Insurance &
Electricity Companies.
 To give the idea about meaning of value addition and application
of Value added Accounting
 To give the idea about objectives and importance of Reporting to
management.
No. Particular Weightage
1. Accounting for Insurance Companies : (Practical)
 Commercial & legal background of insurance
business - Books maintained by insurance company - 35%
Preparation of final accounts of Life Insurance &
General Insurance Company
(Elementaryproblemsonly as per IRDA Regulation
authority notification No.2000 )
2. Value Added Accounting : (Theory)
 Definition - Generation of Value Added Application
statement - Difficulties in preparation of Value Added 20%
statement, Uses of Value Added Product Pricing -
High- tech Accounting and Value Added - Group
Value Added Statement.
3. Final Accounts of Electricity Company : (Practical)
(as per the Electricity Act 2003, and as per company's Act 30%
2013)
4. Reporting to Management : (Theory)
 Objectives of reporting, needs for Reporting at
different Management levels - Types of reports - 15%
Guiding principles for preparing reports, Modes of
reporting, Preparation of reports and use of reports by
management.
Note:
1. Final Accounts of Company are to be taught only as per Scheduled III
of Companies Act, 2013 and it is expected that students prepare balance
sheet as per Companies Act, 2013.
2. Practical problems shall not exceed 70% of total weightage.
3. The recent development in the paper be considered as implied part of the
curriculum.
References:

 Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co.,

NewDelhi.
 Advanced Accounting - S. N.Maheshwari.
 Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
 Contemporary Accounting, Issues ByJawarlal, Published by Vision
Books, NewDelhi.
 Principles of Management Accounting by Manmohan and S. N. Goyel,
SahityaBhavan, Agra.
 Human Resource Accounting - Gupta; Sultan Chand &Sons.
 Inflation Accounting - Gupta; Sultan Chand &Sons.
 Practical Financial Analysis - Foulke R.A.
 Techniques of Financial Analysis - Erich A.Illefert.
 Environmental Accounting - D. Das Gupta; D. Wheeler,
NewDelhi.
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-I
Semester - 2
Paper No: 206
Financial & Management Accounting Paper - 6
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
• To acquaint the students with the recent trends in accountancy.
• To give a basic working knowledge of some of the provisions of Income
Tax Act 1961,
And Goods and Service tax
• Knowledge Required: Reasonable working knowledge is expected.
No. Course Details Weightag
e
Income Tax
1. I. Provisions relating to : (Practical)
 Income from Other Sources (Section 56 to 59),
 Income of Other Person included in Assessee’s Total (Section 30%
60 to 65)

II. Provisions relating to : (Theory)

 Deduction of Tax at Source (Section 192 to 206 & 206A)
 Tax Collection at Source (Section 206C & 206CA) 15%
 Advance Payment of Tax (Section 207 to 219)
 Interest Chargeable in Certain case (Section 234A, 234B, 234C
& 234D)
2. III. Computation of total income and tax payable by partnership
firm : (Practical)
 Meaning of partnership firm
 Scheme of taxation of firms 35%
 Conditions a firm should fulfill under section 184
 Conditions for claiming deductions of remuneration and interest
to partners under section 40(b)
 Computation of income of firm
 Computation of tax of firm
 3. Goods and Service Tax : (Theory)
 Impact of GST on key Industries / Sectors, on Economy, on
Cost of production and on Society. 20%
 GST in other countries.
 Place of Taxation (of Suppliers other than Goods)
 GST Model of India.
 GST on Works Contracts
 GST on E-Commerce Operators
 TCS/TDS under GST
 Calculation of GST and it's comparison with old Taxes.

Note:
1. If the Act is amended or replaced, the provisions and/or sections according
to the amended/ new Act will be applicable. Each year, updations
/amendments in the provisions of the respective Act or Amended Act, as
the case may be, will be applicable.
2. Provisions which are effective in the relevant Assessment year/Financial
Year must be taught. Relevant Assessment Year means the concerned
Academic Year.
3. Practical problems shall not exceed 70% of total weightage.

References:

• Direct Taxes - V. K. Singhania; Taxamann Publication.

• Students guide to Income - Tax - V. K. Singhania.
• Accounting Standards - Indian & International - N. Das Gupta; Sultan
Chand & Sons.
• Direct Taxes - Sukumar Bhattacharya; Books Syndicate Pvt. Ltd., Kolkota.
• Advanced Accounting - Tulsian; Tata. McGraw Hill.
• Management Accounting - Dr. S. P. Gupta; SahityaBhavan, Agra.
• Accounting Theory - L. S. Porwal; Tata McGraw.
• Wheldon'sAcost Accounting - L. W. J. Owler& J. L. Brown; Pitman
Publishing Ltd., London.
• Cost Accounting - N. K. Agrawal; Global Business Press.
• Financial Accounting - S. KR. Paul; New Central Book Agency (P) Ltd.,
Kolkata.
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Advance Management Accounting - Ravi M. Kishore; TaxmannAllide
Services (P) Ltd., New Delhi.
• PoddarAvinash S : Glimpses of GST , CCH India – A Wolter Kluwer
 Business
• Batra Ashok, GST Law and Practice, CCH India– A Wolter Kluwer
Business
• Datey V S, GST Ready Reckoner, Taxmann
• Mohan Rajat Illustrative Guide to GST, Bharat Law House
• PoddarAvinash S., Desai Mehul P., GST SaralSamjhuti, SBD Publication,
Ahmedabad
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester - 3
Paper No: 304
Financial & Management Accounting Paper - VII
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To acquaint the students with long term investment decisions.
 To give the idea about cost-volume –profitability analysis.
 To give the basic concept about financial Security Market.
No. Particular Weightage
1. Cost-Volume - Profit Analysis and break - even
Analysis : (Practical)
Objectives, assumptions and limitations of CVP 30%
analysis - Types of break - even analysis -
Assumptions and limitations of break - even charts -
Profit volume charts - Break - even analysis with one
key factor.
2. Capital budgeting : (Practical)
Concept - Objectives - Importance of capital
budgeting - Kinds of capital investment proposals -
Factors affecting capital investment decisions - 30%
Appraisal methods - Capital budgeting under risk and
uncertainty-Sensitivity analysis.
Capital budgeting techniques:
 Payback Period.
 Discounted Payback Period.
 Net Present Value.
 Accounting Rate of Return.
 Internal Rate of Return.
 Profitability Index.
3. Time Value of Money : (Theory)
Definition, Concepts, Application, Present Value, Future
Value, Time Value of Money Example 15%
4. Indian Security Market : (Theory)
Structure of Security Market, Investment Instruments of
Money Market and Capital Market, Operations of Indian 20%
Stock Market, Market intermediaries, Market Indices
and Return, Recent Development in the Indian Stock
Market.

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 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester - 3
Paper No: 305
Financial & Management Accounting Paper - 8
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
• The objective of this course is to expose students to advance accounting
such as maintenance of Banking Company Accounts; and help in
application of financial management
• Knowledge Required: Reasonable working knowledge is expected.

Sr. Course Inputs Weightage

No.
1 Working Capital Management : (Practical)
 Introduction to working capital management.
 Computation of working capital requirement
(for each component). 35%
 Working Capital Estimation Statement.
 Computation of operating cycle.

2 Buy-Back of shares, Right Issue : (Practical) 35%

ESOP(Employee Stock Option Plan)
3 Assets Pricing/Measurement Policy : (Theory) 15%
Accounting Standard 10 Fixed Assets
Accounting Standards 13 Investments
4 International Financial Management : (Theory)
Reasons for investing aboard - Basic problem in
International Financial Management - Foreign Currency 15%
Management - Financing Multinational Organization -
Mode of Payment in International Trade.

Note:
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of the
curriculum.
References:
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Advance Management Accounting - Ravi M. Kishore; Taxmann Allide
Service (P) Ltd., New Delhi.
• Management Accounting Tools & Techniques - N. Vinaykam & I. B. Sinha;
Himalaya Publishication Hose, Mumbai.
• Advance Accounting - M. C. Shukla & T. S. Grewal; S. Chand & Company,
Mumbai.
• Advance Accounting - R. L. Gupta & M. Radhaswamy; Sultan Chand & Co.,
New Delhi.
• Export Management - T. A. S. Balagopal; Himalaya Publishing House,
Mumbai.
• Export - Do it Yourself - M. I. Mahajan; Snow White Publications Pvt. Ltd.,
Mumbai.
• How to Import - V. K. Puri; Nabhi Publication; New Delhi.
• Introduction to Database System - Date C. J.; Addision Wesley
Massachuselts.
• The Compact Guide to Microsoft Office - Mansfield, Ron; BPB Publication
Delhi.
• Principles of Database System - Ullman J. O.; Galgotia Publication, New
Delhi.
• Multinational Financial Management - Alan C. Shapiro, Prentice - Hall of
India, New Delhi.
• International Financial Management - P. G. Apte; Tata MC Graw, Hill
Publishing Company Ltd., New Delhi.
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester - 3
Paper No: 306
Financial & Management Accounting Paper – 9
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
• To give the idea about how to find out the cost of Product for
processing unit and how to calculate inter Process profit.
• To clear the concept of value chain analysis and to understand
Value-Added and Non-Value added activities with suitable
examples.
• To Understand the meaning, Importance and to learn the
difference between Traditional and Activity-based Costing(ABC)
And Activity based Management(ABM)
• To give the clear concept about Valuation of Bonds, Equity and options
as well as to understand the forms of market.

No. Particular Weightage

1. I. Process Costing : (Practical)
❖ Inter process profit
II. Process Costing 40%
Equivalent Production Analysis.
2. Value Chain Analysis : (Theory) 15 %
❖ Concept of Value Chain Analysis, Value chain linkages,
Internal linkages, External linkages, Value- Added and
Non-value added activities, Value-added and Value chain,
Steps in value chain analysis, Importance of Value chain
analysis.
3. Activity-Based Costing (ABC) and Activity Based
Management (ABM) : (Practical)
❖ Traditional costing system, Activity based costing, Cost
hierarchy in ABC, Comparison between traditional and 25%
ABC costing, Advantage of ABC, Criteria for successful
implementation of ABC system, Situation under which
ABC can be applied, Activity Based Management(ABM),
Functional Based Management and ABM, Areas in which
ABM can be used, Relationship between ABM and ABC,
Uses of ABM, Implementing ABM, Essentials for the
success of ABM.and ABM , Operational and Strategic
ABM, Techniques of ABM,

1|Page
 4. Valuation of Bonds, Equity and options, random walk 20%
and efficient market theory,
Forms of Market Efficiency: Weak, Semi-Strong, Strong
Technical Analysis: Dow Theory, Elliot Wave theory.

Note:
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of
the curriculum.
References:
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Advanced Accounting - S. N. Maheshwari.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Contemporary Accounting, Issues by Jawarlal, Published by Vision Books,
New Delhi.
• Strategic Cost mgt- Prof jawaharlal-Himalaya Pub.
• Human Resource Accounting - Gupta; Sultan Chand & Sons.
• Inflation Accounting - Gupta; Sultan Chand & Sons.
• Practical Financial Analysis - Foulke R. A.
• Techniques of Financial Analysis - Erich A. Illefert.
• Environmental Accounting - D. Das Gupta; D. Wheeler, New Delhi.
• Direct Taxes - V. K. Singhania; Taxamann Publication.
• Students guide to Income - Tax - V. K. Singhania.
• Accounting Standards - Indian & International - N. Das Gupta; Sultan
Chand & Sons.
• Direct Taxes - Sukumar Bhattacharya; Books Syndicate Pvt. Ltd., Kolkota.
• Advanced Accounting - Tulsian; Tata. McGraw Hill.
• Management Accounting - Dr. S. P. Gupta; Sahitya Bhavan, Agra.
• Accounting Theory - L. S. Porwal; Tata McGraw.
• Wheldon's Acost Accounting - L. W. J. Owler & J. L. Brown; Pitman
Publishing Ltd., London.
• Cost Accounting - N. K. Agrawal; Global Business Press.
• Financial Accounting - S. KR. Paul; New Central Book Agency (P) Ltd.,
Kolkata.
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Management Accounting Tools & Techniques - N. Vinaykam & I. B.
Sinha; Himalaya Publishication House, Mumbai.
• Advance Accounting - M. C. Shukla & T. S. Grewal; S. Chand &
Company, Mumbai.

2|Page
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester - 4
Paper No: 404
Financial & Management Accounting Paper – X
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
 To acquaint the students, how to take the decisions on the basis of
marginal and differential costing.
 To clear the concept of cost of capital and calculations about it,
 To give the idea about product pricing method.
 To give the basic concept about Mechanics of Investing
No. Particular
1. Differential Costing : (Practical)
Meaning - Features and implications of differential costing -
Marginal vs. differential costing - Applications of differential 25%
costing, Marginal Costing vs. Absorption costing.
2. Cost of Capital : (Practical)
Concept - Computations of cost of equity capital (including new 35%
equity issue) - Cost of preference capital - Cost of debt - Cost of
retained earnings - Weighted average cost of capital.
3. Product Pricing : (Practical 10% and Theory 10%)
Pricing policy - Aims and objectives of pricing - decision process 20%
- Role of Costs in pricing - pricing methods (Method of cost plus
pricing, marginal cost pricing, added value method of pricing,
opportunity cost pricing, Target Return pricing - Administered
pricing), Strategies of product pricing (Pricing strategies for new
products and Pricing of established products), Pricing during
inflation and recession, Non financial factors in pricing -
Limiting factors in product pricing - Management Accountant's
role in product pricing.
4. Mechanics of Investment:
Investment Return and Risk, Risk diversifications, Systematic
and unsystematic risk, Cost of Investing Securities. Specific 20%
factors affecting the value of particular company's shares -
Timing of investment decisions.

2|Page
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester - 4
Paper No: 405
Financial & Management Accounting Paper - 11
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
• To objective of this course is to expose students to advance accounting
such as maintenance of Banking Company Accounts; and help in
application of financial management.
• Knowledge Required: Reasonable working knowledge is expected.

Sr. Course Inputs weightage

No.
1 Final Accounts of Banking Companies-1 : (Theory) 10%
Non-Performing Assets - Its effect on working of the
bank - Remedies to reduce Non - Performing Assets
(NPA)
2 Final Accounts of Banking Companies-2 : (Practical)
Final Accounts of Banking Companies Including final 40%
accounts of Co-operative Bank (As per Gujarat Co-
operative Act and RBI Regulations)
3 Leases Accounting : (Practical)
Concept of leasing - Advantages of leasing -
Disadvantages of leasing, Types of Leasing - Lease 30%
Evaluation, Accounting treatment for leases as per
Accounting Standard 19 - Leasing in India.
Decision making on the basis of either to Buy, Lease
or Hire Purchase
4 Export Procedures & Documentation : (Theory)
Offer and receipts of confirmed orders - Producing the
goods - Shipment - Banking Procedures - negotiation - 10%
Aligned Documentation System (ADS) - Export
incentives.
5 Import Procedures & Documentation : (Theory)
Categories of Importers - Special Schemes for Imports - 10%
When & how to Obtain import license.
Note:
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of the
curriculum.
References:
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Advance Management Accounting - Ravi M. Kishore; Taxmann Allide
Service (P) Ltd., New Delhi.
• Management Accounting Tools & Techniques - N. Vinaykam & I. B. Sinha;
Himalaya Publishication Hose, Mumbai.
• Advance Accounting - M. C. Shukla & T. S. Grewal; S. Chand & Company,
Mumbai.
• Advance Accounting - R. L. Gupta & M. Radhaswamy; Sultan Chand &
Co., New Delhi.
• Export Management - T. A. S. Balagopal; Himalaya Publishing House,
Mumbai.
• Export - Do it Yourself - M. I. Mahajan; Snow White Publications Pvt. Ltd.,
Mumbai.
• How to Import - V. K. Puri; Nabhi Publication; New Delhi.
• Introduction to Database System - Date C. J.; Addision Wesley
Massachuselts.
• The Compact Guide to Microsoft Office - Mansfield, Ron; BPB Publication
Delhi.
• Principles of Database System - Ullman J. O.; Galgotia Publication, New
Delhi.
• Multinational Financial Management - Alan C. Shapiro, Prentice - Hall of
India, New Delhi.
• International Financial Management - P. G. Apte; Tata MC Graw, Hill
Publishing Company Ltd., New Delhi.
 VEER NARMAD SOUTH GUJARAT UNIVERSITY
M.Com-II
Semester – 4
Paper No: 406
Financial & Management Accounting Paper - 12
(Syllabus effective from Academic Year 2019-20 onwards)

Objectives:
• To Calculate Different Types of Variances.
• To learn Accounting for Underwriting & Brokerage & divisional profit
performance management techniques
• To learn Exchange-rate theories.

No. Particular Weightage

1. Standard Costing : (Practical)
Material, Labour, Overhead and Sales Variances.
❖ Planning and operational variances. 40%
❖ Interpretation of variances, Investigation of Variances.
2. Accounting for Underwriting & Brokerage : (Practical) 15%
(Elementary Problems only).
3. Divisional Profit Performance Measurement : (Practical)
Meaning - Arguments in favour of and against decentralized profit centers 15%
- Cost benefit analysis for decentralization - Methods of measuring
divisional performance.
4. Inter Divisional Transfer Pricing : (Theory)
Concept - Transfer pricing methods (Pricing at cost, standard cost plus
lumsum, market price, prorating for overall contribution, Dual pricing, 10%
negotiated prices ) Guiding principles in fixing transfer prices - Benefits of
transfer pricing policy - International transfer pricing.
5. Parity condition and Currency : (Theory) 20%

Note:-
1. Practical problems shall not exceed 70% of total weightage.
2. The recent development in the paper be considered as implied part of the
curriculum.
References:
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Advanced Accounting - S. N. Maheshwari.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.

3|Page
• Contemporary Accounting, Issues by Jawarlal, Published by Vision Books,
New Delhi.
• Strategic Cost mgt- Prof jawaharlal-Himalaya Pub.
• Human Resource Accounting - Gupta; Sultan Chand & Sons.
• Inflation Accounting - Gupta; Sultan Chand & Sons.
• Practical Financial Analysis - Foulke R. A.
• Techniques of Financial Analysis - Erich A. Illefert.
• Environmental Accounting - D. Das Gupta; D. Wheeler, New Delhi.
• Direct Taxes - V. K. Singhania; Taxamann Publication.
• Students guide to Income - Tax - V. K. Singhania.
• Accounting Standards - Indian & International - N. Das Gupta; Sultan
Chand & Sons.
• Direct Taxes - Sukumar Bhattacharya; Books Syndicate Pvt. Ltd., Kolkota.
• Advanced Accounting - Tulsian; Tata. McGraw Hill.
• Management Accounting - Dr. S. P. Gupta; Sahitya Bhavan, Agra.
• Accounting Theory - L. S. Porwal; Tata McGraw.
• Wheldon's Acost Accounting - L. W. J. Owler & J. L. Brown; Pitman
Publishing Ltd., London.
• Cost Accounting - N. K. Agrawal; Global Business Press.
• Financial Accounting - S. KR. Paul; New Central Book Agency (P) Ltd.,
Kolkata.
• Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New
Delhi.
• Management Accounting & Financial Control - S. N. Maheshwari Sultan
Chand & Co., New Delhi.
• Management Accounting Tools & Techniques - N. Vinaykam & I. B.
Sinha; Himalaya Publishication House, Mumbai.
• Advance Accounting - M. C. Shukla & T. S. Grewal; S. Chand &
Company, Mumbai.

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