NETAJI SUBHAS OPEN UNIVERSITY

HCO: BACHELOR OF COMMERCE {B.Com.(HONOURS)}

SYLLABUS-CBCS

Learning Objectives:
The objective of the programme is to help the learners develop competency in the field of
Commerce & business. The Programme consists of foundation course elective courses and
Application oriented course. The Bachelor Degree in commerce is designed for the
workforce of commerce and industry who wants work in a business organization or to
develop his/her own business. Considering the importance of self-employment, the
programme aims to develop and inculcate entrepreneurial skills among the students. The
post graduate degree in commerce is designed for the workforce who wish to work in
commerce and industry. The fresh graduates and existing workforce can take the advantage
of ODL system to increase their skills and competency in this particular field without
disturbing their work schedule. The programme thus aims to provide students with the
opportunity to develop and broaden their management and leadership with specialized
skills. The curriculum seeks to develop managerial knowledge and strategic agility, providing
students with a broader skill set and a fresh perspective and to encourage them to seek out
bold, innovative solutions for today’s business and societal challenges.

Expected Learning Outcome:

After successful completion, the students may get increased their knowledge in the domain
of commerce and management which intern will increase their employability in the trade
and commerce.

The expectations from the learners of B.Com. are as followed:

 Getting higher level knowledge and understanding of contemporary trends in

commerce and business finance;
 Capable of evaluating the environmental factors that influence business operation
with the conceptual requirements and skills on preparation and interpretation of
financial statements;
 Knowing the technique of Statistical methods and proficient use of tools for
modelling and analysis of business data;
 Getting proficiency in capital budgeting techniques for investment decisions.
 Developing within them to appraise the structure and operations of banking system;
 Having an in-depth analysis of investment, portfolio management, investment
banking and liquidation of investments;
 Growing competency about the laws and regulations, and roles of commercial,
government and central banks in controlling money market and inflation

1
  Imparting within them the concept of risk mitigation in financial sectors and their
role in investment decisions of individuals and business enterprises;
 Capable of having self-guidance to plan and undertake independent research in a
chosen discipline;
 Capable of doing teamwork, lifelong learning and continuous professional
development.

Programme Structure:
SEM CODE Course Name Theory/ Credit Study TE Full Assig. Full Total Pass
Prac. Hours Marks Marks Marks Marks
30%

CC-CO-01 Financial Accounting-I Theory 6 180 50 20 70 21

CC-CO-02 Business Regulatory Theory
6 180 50 20 70 21
Framework
I AE-BG-11 * Bengali Theory
2 60 50 20 70 21
AE-EG-12 * English
1 Year
st

GE-01: # Refer Table below Theory 6 180 50 20 70 21

CC-CO-03 Cost Accounting Theory 6 180 50 20 70 21
CC-CO-04 Management Theory 6 180 50 20 70 21
II
AE-ES-21 Environmental Studies Theory 2 60 50 20 70 21
GE-02: # Refer Table below Theory 6 180 50 20 70 21
CC-CO-05 Financial Accounting - II Theory 6 180 50 20 70 21
CC-CO-06 Corporate and Labour Laws Theory 6 180 50 20 70 21
CC-CO-07 Business Communication Theory 6 180 50 20 70 21
III
SE-CO-11 Computer Application in Theory
2 60 50 10 60 18
Business
2 Year

GE-03: # Refer Table below Theory 6 180 50 20 70 21

nd

CC-CO-08 Direct Taxation Theory 6 180 50 20 70 21

CC-CO-09 Indian Financial System Theory 6 180 50 20 70 21
CC-CO-10 Entrepreneurship Theory
IV 6 180 50 20 70 21
Development
SE-CO-21 E-Business Theory 2 60 50 10 60 18
GE-04: # Refer Table below Theory 6 180 50 20 70 21
CC-CO-11 Management Accounting Theory 6 180 50 20 70 21
CC-CO-12 Auditing Theory 6 180 50 20 70 21
DS-CO-11 ¥ Corporate Accounting Theory
V 6 180 50 20 70 21
DS-CO-12 ¥ Tourism Management
DS-CO-21 ¥ Tax Practice and Theory
Procedure 6 180 50 20 70 21
DS-CO-22 ¥ Retail Management
3 Year
rd

CC-CO-13 Business Ethics Theory 6 180 50 20 70 21

CC-CO-14 Indirect Taxation Theory 6 180 50 20 70 21
DS-CO-31 ¥ Corporate Financial Theory
Reporting and Financial
VI Statement Analysis 6 180 50 20 70 21
DS-CO-32 ¥ Logistics Management
DS-CO-41 ¥ Financial Management Theory
DS-CO-42 ¥ Non-Profit Organization 6 180 50 20 70 21
Management
TOTAL 140 1800

2
 #Any one group to be selected from the following.
Option of GEC for HCO:
Subject GEC-1 (Sem-I) GEC-2 (Sem-II) GEC-3 (Sem-III) GEC-4 (Sem-IV)
Economics GE-EC-11: Business GE-EC-21: Business GE-EC-31: Statistics GE-EC-41: Indian
Economics Mathematics for Business Economy
Decisions
Sociology GE-SO-11: Indian GE-SO--21: GE-SO-31: Gender GE-SO-41: Sociology of
Society Population and and Violence Social Movements
Society
GE-GR-11: Rural GE-GR-21: Geography GE-GR-31: Climate GE-GR-41: Disaster
Geography Development of Tourism Change: Vulnerability Management
and Adaptations

Examination System per semester (BA/ B.Sc./ B. Com)

Term-End Examination December (Odd Sem)
Semester I Semester III Semester V
CC-CO-01 CC-CO-05 CC-CO-11
CC-CO-02 CC-CO-06 CC-CO-12
AE-BG-11(Beng)/ CC-CO-07 DS-CO-11
AE-EG-12( Eng) SE-CO-11 DS-CO-21
GEC-11 GEC3
Total credit: 26 Total credit: 24
Total credit: 20

Term-End Examination June (Even Sem)

Semester II Semester IV Semester VI
CC-CO-03 CC-CO-08 CC13
CC-CO-04 CC-CO-09 CC14
AE-ES-21 (ENVS) CC-CO-10 DS-CO-31
GEC21 SE-CO-21 DS-CO-41
GEC4 Total credit: 24
Total credit: 20 Total credit: 26

Duration of Examination of each course: 2 hours;

Assignment will be conducted through digital platform on MCQ

Evaluation System: Internal assessment: 30%; Term-end Examinations: 70%

Course objectives for each course / paper

Name of the
Course Course / Paper objectives
Subject
The main objective of financial accounting is to accurately prepare an
Financial
CC1 organization's financial accounts for a specific period, otherwise
Accounting-I
known as financial statements. The learner will mainly be acquainted

3
 with the theoretical framework, Accounting Process, Business Income,
Bill of Exchange, Accounting for Consignment and Joint Ventures, Self-
Balancing Ledger, Accounting for Not-for-Profit Organizations and
Final Accounts.

The basic objectives are- i) To provide exposure to Commerce

Business
students about the Business Regulatory frame work of India. ii)To
CC2 Regulatory
create awareness about select laws concerning business activities. iii)
Framework
To provide basic legal knowledge to commerce students.
The objective of the cost accounting is to determine the methods by
which expenditure on materials, wages and overhead are recorded,
CC3 Cost Accounting
classified and allocated. This is necessary so that the cost of products
and services may be accurately ascertained.
Getting Maximum Results with Minimum Efforts - The main objective
of management is to secure maximum outputs with minimum efforts
CC4 Management & resources. Management is basically concerned with thinking &
utilizing human, material & financial resources in such a manner that
would result in best combination.
The main objectives of accounting are maintaining a complete and
systematic record of all transactions and analysing the financial
Financial
CC5 position of a business. Every individual or a business concern is
Accounting-II
interested to know the results of financial transactions and their
results are ascertained through the accounting process.
The objective of corporate law generally involves overseeing all legal
and external affairs matters including litigation, investigations,
compliance, mergers and acquisitions, contract matters and
international trade issues.
Corporate and
CC6
Labour Laws Labour law aims to correct the imbalance of power between the
worker and the employer; to prevent the employer from dismissing
the worker without good cause; to set up and preserve the processes
by which workers are recognized as 'equal' partners in negotiations
about their working conditions etc.
The main objective of business communication is to exchange
information with internal and external parties. Internal
Business
CC7 communication occurs within the organization through orders,
Communication
instructions, suggestions, opinions etc. To develop plans: Plan is the
blueprint of future courses of actions
The primary purpose of taxation is to raise revenue to meet huge
public expenditure. Most governmental activities must be financed by
taxation. But it is not the only goal. In other words, taxation policy has
some non-revenue objectives. A direct tax is a tax that a person or
CC8 Direct Taxation
organization pays directly to the entity that imposed it. An individual
taxpayer, for example, pays direct taxes to the government for various
purposes, including income tax, real property tax, personal property
tax, or taxes on assets.

4
 Indian Financial System is to enable the government to borrow funds
at a lower rate of interest; to ensure stability by striking a balance
Indian Financial
CC9 between the economic growth and inflation; to mobilize savings in the
System
economy and to support specific sector through concessional lending
rates.
The objective of entrepreneurial development is to motivate a person
Entrepreneurshi
CC10 for entrepreneurial career and to make him capable of perceiving and
p Development
exploiting successfully opportunities for enterprises.
The main objective of managerial accounting is to maximize profit and
minimize losses. It is concerned with the presentation of data to
Management
CC11 predict inconsistencies in finances that help managers make
Accounting
important decisions. Its scope is quite vast and includes several
business operations.
The objective of an audit is to express an opinion on financial
statements. The auditor has to verify the financial statements and
CC12 Auditing
books of accounts to certify the truth and fairness of the financial
position and operating results of the business.
The Objectives of Ethics are to evaluate the human behaviours and
CC13 Business Ethics calling up on the moral standards. The ethical standards also prescribe
how to act morally in specified situations.
In developed countries, the purpose of indirect taxes is to catch the
general public in the tax net. ADVERTISEMENTS: In effect, thus, the
Indirect
CC14 structure of indirect taxation with regressive implications is set up as a
Taxation
balancing factor against the progressive effect of direct taxation in the
community.
Generic Elective (GE) Course
Business Econmic is to deal withnnomic objectives relate to earning a
Business satisfactory profit, creating customers and making innovation. Its
GE1 Economics social objectives comprise supply of quality goods in sufficient
quantity at reasonable prices, fair deal to workers, fair returns to
investors, and fair dealings with suppliers of materials.
It examines aspects of business and marketing with regards to basic
Business statistical analysis. Students will be provided with the theoretical
GE2
Mathematics concepts, tools and methods of mathematics as well as the
opportunity to work through example problems.
It involves collecting, classifying, summarizing, organizing, analysing,
Statistics for and interpreting data. The main objective of Business Statistics is to
GE3 Business make inferences about certain characteristics of a population in the
Decisions business domain whether the population is people, objects, or
collections of information.
achieving economic growth in terms of increase in real national and
per capita income, increase in the level of employment, removal of
GE4 Indian Economy
inequality in the distribution of income removal of poverty, ensuring
social and economic justice etc.
Skill Enhancement Courses (SEC)
SEC1 Computer Business Computer Applications focuses on integrating computer

5
 Applications in technology with decision-making and problem-solving skills. Areas of
Business instruction include advanced applications in word processing,
spreadsheets, presentation and database software that prepare
students for industry standard certifications.
Even when your business is catering to the needs of the Indian
consumers well, the presence of e-commerce and e-business helps
SEC2 E-Business you expand your market. Expanding the market through e-commerce
helps in attracting consumers from more developed countries. It
expands potential target market and gives global access.
DISCIPLINE SPECIFIC COMPULSORY COURSE (DSEC)
Objectives of accounting in any business are; systematically record
transactions, sort and analysing them, prepare financial statements,
Corporate assessing the financial position, and aid in decision making with
Accounting / financial data and information about the business.
DSEC1
Tourism The Objectives of Tourism and Hotel Management Program is to
Management provide training, skill development and education needed to prepare
individuals for effective job performance in the hospitality, tourism
and entertainment industries.
The objective behind tax planning is insurance of tax efficiency. Tax
planning allows all elements of the financial plan to function in sync to
deliver maximum tax efficiency. Tax planning is critical for budgetary
Tax Practice and
efficiency. A reduced tax liability and maximized the ability of
Procedure /
DSEC2 retirement plans.
Retail
RETAILING Merchandise Management is the process of analysis,
Management
planning, acquisition, handling and control of the merchandise
investments of a retail business with the objective of maximising the
sales and profits of a category.
Corporate The primary objective of financial statement analysis is to understand
Financial and diagnose the information contained in financial statement with a
Reporting and view to judge the profitability and financial soundness of the firm, and
Financial to make forecast about future prospects of the firm.
DSEC3
Statement The primary objective of logistics management is to move the
Analysis / inventory in a supply chain effectively and efficiently to extend the
Logistics desired level of customer service at the least cost as done parallel
Management with waste management.
The primary objective of financial management is to maximize the
profit of the organization. However, the organization also seeks to
Financial
maximize the wealth and value by maximizing the returns to
Management /
shareholders.
DSEC4 Non-Profit
The main objective of non-for-profit organisations is providing
Organisation
services. The services provided by the not-for-profit organisations are
Management
meant to satisfy the needs of the people like joining as member and
receive medicines at very low cost.

6
 Detailed Syllabus
Semster-1

CC1: Financial Accounting-I

Unit-1: Theoretical Framework: Accounting as information system, users of accounting information
system, qualitative characteristics of accounting information, branches of accounting, Bases of
accounting-cash and accrual; basic concepts and conventions-entity, money measurement going
concern, cost, realization, accrual, periodicity, matching, consistency, prudence (conservatism),
materiality, full disclosure.

Unit-2: Accounting Process: Accounting cycle, recording of transactions/events to preparation of

Trial Balance under Double Entry system including Cash Book and Bank Reconciliation Statement.

Unit 3: Business Income: Capital and revenue expenditure, Depreciation- Accounting concept,
factors in measurement, methods (straight line method and diminishing balance method), disposal
of assets; Inventories- meaning, significance of inventory valuation (As per AS 2), Reserve &
Provision- meaning and accounting; Rectification of errors.

Unit 4: Bill of Exchange: Basic concepts, types of bills, accounting for bill of exchange including
accommodation of bill.

Unit 5: Accounting for Consignment and Joint Ventures: Consignment- features, accounting
treatment in the book of consignor and consignee. Joint ventures-accounting procedure: joint bank
account, records maintained by co-ventures –(i) all transactions, (ii) only his /her transactions
(Memorandum joint venture).

Unit 6: Self Balancing Ledger: Concepts, preparation of adjustment accounts.

Unit 7: Accounting for Not-for-Profit Organizations: Preparation of financial statement of Not-for-

profit organizations

Unit 8: Final Accounts: Preparation of financial statement of non-corporate business entities

(Manufacturer/Trader-Sole Proprietorship & Partnership business).

Suggested Readings

 Basu A, Financial Accounting-I, Tee Dee Publications

 Basu and Das, Financial Accounting, (Vol-I), Rabindra Library
 Hanif & Mukherjee, Financial Accounting (Vol-I, Tata McGraw-Hill
 Maheswari, S.N. Financial Accounting (Vol. I & II), Sultan Chand & Sons
 Mukherjee and Mukherjee, Financial Accounting, Oxford University Press
 Nayak O Manna, Arthik Hisabnikashkarener Ruparekha, Parul Library
 Shukla, M.C. and Grewal, T.S., Advanced Accounts, S Chand Publication

7
 CC2: Business Regulatory Framework

Unit 1: Indian Contract Act, 1872-I: Essentials of valid contract, Classification of contract; Offer and
acceptance, Consideration; Capacity of the parties to contract; Free consent, Coercion, Undue
influence, Mistake, Misrepresentation and fraud; Legality of object and consideration, Void,
Voidable, Un-enforceable and illegal agreements; Contingent and Quasi-contract.

Unit 2: Indian Contract Act, 1872-II: Performance of Contract: Breach of Contract-remedies and
damages, Termination of Contract. Indemnity and Guarantee: Bailment and Pledge, Agency-nature,
kind, relation between principal, agent and third parties, Termination of agency.

Unit 3: Sale of Goods Act, 1930: Nature of contract of sale; Classification of goods; Condition and
warranties; Passing of property; Rights of Unpaid Seller; Remedies for Breach of Contract of Sale of
Goods; Sale by auction.

Unit 4: Indian Partnership Act, 1932: Meaning and kinds of partnership; Formalities for Registration;
Rights and Duties of partners; Relation of partners with one another and with third parties;
Dissolution of partnership (only causes and effects).

Unit 5: 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 6: Negotiable Instruments Act, 1881: Definition and features of different types of negotiable
instruments; Parties and their capacities with respect to cheque, alteration; effect; dishonour of
negotiable instruments.

Unit 7: Consumer Protection Act, 1986: Definition, Objectives, Consumer Dispute Redressal
Agencies: Composition and jurisdiction of District Forum, State Commission and National
Commission, Mode of complaints; Procedures for complaints.

Unit 8: Information Technology Act, 2000: Scope, Digital Signature and Electronic Governance and
Right to Information Act, 2005: Basic concepts and important provisions.

Suggested Readings

 Bhadra, Satpati & Mitra, Karbari Ainer Ruprekha (Bengali Version), Dishari
 Chandra P.R., Business Law, Galgotia
 Companies Act, 2013, Taxmann
 Information Technology Act, 2000
 Kapoor, N.D., Business Law, Sultan Chand
 Mathur, Satish B., Business Law, Tata McGraw-Hill
 Ramaiya, A., Guide to the Companies Act, Wadhwa & Co.
 Right to Information Act, 2005
 Sen & Mitra, Commercial Law including Company Law, World Press
 Tulsian, P.C., Business Law, Tata McGraw-Hill
 Udayan Roycchoudhury, S. Bhattachrya & S.P. Dutta, Business Regulatory Framework,
Elegant Publication

8
 GE1: Business Economics

Unit 1: Introduction: Meaning, nature and scope of Business Economics; Micro Economics and
Macro Economics, Basic economic problems.

Unit 2: Theory of Consumer Behaviour: Concept of utility- total utility and marginal utility –
Marshall’s Law of diminishing marginal utility-limitations of it, Consumers’ surplus. Hicks’ theory of
consumer behaviour, concept of indifference curves- properties with proofs, Budget line and its
properties, Equilibrium of the consumer- price consumption curve and income consumption curve,
Price effect is the sum of income effect and substitution effect.

Unit 3: Law of Demand: Linear and non-linear demand curve, demand function. Concept of
elasticity; price elasticity, income elasticity and cross price elasticity- applications and uses, Elasticity
on the linear demand curve, Marshallian measure, factors affecting price elasticity.

Unit 4: Theory of Production: Production function- total product curve, one variable input, law of
variable proportion-three stages of production, Two variable input- Isoquant- different types and
properties, Isocost curve – equilibrium of a producer with the help of an Isoquant and an Isocost
curve.

Unit 5: Theory of Cost: Different concepts- short run cost, long run cost, nature of short run and long
run average cost curves.

Unit 6: Market: Definition, features, classification. Equilibrium conditions for a profit maximizing
firm. Perfect competition- short run and long run equilibrium- break-even point and shut down
point- short run supply curve, Monopoly including discriminatory monopoly, monopolistic
competition, Oligopoly-Concepts and features.

Unit 7: Theory of Distribution: Wage determination, labour supply curve, labour exploitation, trade
union, Theory of interest, loanable funds and liquidity preference, liquidity trap, Theory of Profit.

Unit 8: Elements of Macro Economics: Concepts and measurement of National Income, problems of
measurement of National Income, various concepts of national income. Keynesian Consumption
function, various concepts, factors affecting consumption function, investment multiplier – relation
between multiplier and the MPC, Quantity theory of money, inflation- causes, effects, demand pull
and cost push, control of inflation, Acceleration theory, trade cycle, phases of it, graphical
presentation.

Suggested Readings

 Ackley G, Macroeconomic Theory

 Gupta S.B.: Monetary Economics, Institutions, Theory & Practice
 Samuelson P.A, Economics
 Sarkhel Jaydeb, Business Economics (English and Bengali), Book Syndicate Private Limited

9
 Semster-2
CC3: Cost Accounting

Unit 1: Introduction: Cost concepts, Objectives of cost accounting, Relationship with financial
accounting and management accounting.

Unit 2: Concepts and Classification of Costs: Concepts, Costs and Expense, Direct Costs, Indirect
Costs, Cost Centre, Cost Unit, Classification of Costs etc.

Unit 3: Elements of Costs: Direct materials, Direct labour, Direct expenses or chargeable expenses,
Overhead expenses, Preparation of cost sheet.

Unit 4: Material Cost: Purchase procedure, receiving and inspection of materials, ascertainment of
material cost, stores routine, stores records, receipts and issues of materials, methods of pricing of
issues, Levels of stock and economic order quantity (EOQ).

Unit-5: Labour Cost: Time keeping, Time booking, Methods of remuneration, Incentive schemes,
Labour costs, Labour turnover, Treatment of idle time and over time.

Unit 6: Overhead Cost: Meaning and classification, Primary and Secondary distribution, Recovery of
overhead and treatment of over and under recovery of overhead.

Unit 7: Methods of Costing-I: (a) Job costing, (b) Contract costing.

Unit 8: Methods of Costing-II: (a) Process costing (excluding inter-process profit and equivalent
production), (b) Operating costing (only in case of transport undertakings).

Suggested Readings
 Banerjee B, Cost Accounting, PHI
 Basu and Das, Cost Accounting, Rabindra Library
 Datta Uttam Kumar and Sur Debasis, Paribay Hisab Rakshan (Bengali), Publication
Division of the Burdwan University
 Ghosh Anirban, Cost Accounting, Theory and Practice, Deep Prakashan
 Jawahar Lal & Seema Srivastava, Cost Accounting, Tata McGraw Hill

10
 CC4: Management

Unit 1: Introduction: Basic concepts, Significance of management, Management as profession,

Universality of management.

Unit 2: Management Theories & Principles: Evolution of management thought, School of

management thought, Classical school (Scientific and Administrative Management School-Taylor and
Fayol), Human Behavioural School, Modern School.

Unit 3: Planning and Decision Making: Concepts, types, steps in planning, decision making-concepts,
process, SWOT Analysis, Strategic Planning.

Unit 4: Organising: Concepts, types, Functions of different levels of Management, Span of

Management, Delegation, Centralization and Decentralization.

Unit 5: Motivation: Concepts, importance, theories- McGregor, Maslow, Herzberg.

Unit 6: Leadership: Concepts, styles, theories- trait and situational.

Unit 7: Coordination and Control: Meaning and techniques of coordination; Control-meaning, steps
and types

Unit 8: Communication: Meaning and role, process, barriers to communication.

Suggested Readings

 Bhadra & Satpati, Management (Bengali), Dishari

 Drucker, P F, Management Challenges for the 21st Century, Butterworth, Oxford
 Koontz and Weirich, Essentials of Management, Tata McGraw Hill, New Delhi
 Tripathy, P C, Reddy, P N, Principles of Management, Tata McGraw Hill, New Delhi

GE2: Business Mathematics

Unit 1: Ratios, Proportions, Variation, Laws of Indices, Surds (Basic Ideas).

Unit 2: Compound Interest and Annuities: Simple AP and GP Series, Different types of
interest rates, Types of annuities, Continuous compounding.

Unit 3: Equations: Simple statement of equations of different degrees, solution of simple

simultaneous equations involving two and three unknowns, Solutions of quadratic equation,
Theory of quadratic equation (proof not needed).

Unit 4: Permutations and Combinations, Binomial Theorem, Logarithms (Basic Ideas).

Unit 5: Real Number System: Constants, Variables and Functions, Elementary ideas of limit
and continuity through the use of simple algebraic Functions.

Unit 6: Maxima and Minima values: Points of inflexion.

11
Unit 7: Differentiation: Rules for differentiation of algebraic functions, implicit functions,
Derivative by using logarithm of a function, Second order differentiation.

Unit 8: Integration: Standard integrals-elementary methods, Integration of Algebraic

functions.

Suggested Readings
 F. S. Budnick, Mathematics for Business, Economics and Social Science, TMH
 M. Raghavachari, Mathematics for Management, TMH
 Maiti A.K. & Pal Tapas Kr., Banijjik Ganit –o- Parisankhan (Bengali &English)
 Dey S.N. Baybsaik Ganit O Prisankhan, Chhaya Prakashani
 P. K. Giri and J. Bannerjee, Introduction to Business Mathematics, Academic
Publishers
 S. Baruah, Basic Mathematics and its Application in Economics, Macmillan
 Arup Ratan Kundu, Mathematics for Management - An Introduction, TMH
 Sancheti and Kapoor, Business Mathematics, Sultan Chand
 Das N. G. & Das J. K., Business Mathematics and Statistics, Tata McGraw Hill

12
 Semster-3

CC5: Financial Accounting-II

Unit 1: Accounting for Incomplete Records: Preparation of financial statement from incomplete
records.

Unit 2: Insurance Claim for Loss of Stock: Concept of underinsurance and average clause,
Computation of claims with price fluctuation and abnormal items.

Unit 3: Partnership Accounts-I: Profit and loss appropriation accounts; capital and current account,
Change in profit sharing ratio, Admission, Retirement, retirement-cum-admission, death.

Unit - 4: Partnership Accounts – II: dissolution and piecemeal distribution Amalgamation of firms,
Conversion into limited company.

Unit -5: Accounting for Inland Branch: Concept of dependent branch, Accounting- Synthetic
Method, Cash and Debtors method, Analytical method/Stock & Debtor’s method at cost and at
invoice price.

Unit 6: Departmental Accounts: Concept, preparation of Departmental and consolidated Trading &
Profit and Loss Account excluding interdepartmental transfer.

Unit 7: Hire Purchase and Instalment Payment System: Meaning & differences, recording in the
books of hire vendor and hire purchaser, Default and repossession.

Unit -8: Investment Accounts: Preparation of investment accounts for fixed interest-bearing
securities, Valuation of investment Under FIFO and Average method.

Suggested Readings

 Basu and Das, Financial Accounting II & III, Rabindra Library

 Hanif and Mukherjee, Financial Accounting (Vol II & III), McGraw-Hill
 Maheswari and Masheswari, Advanced Accounting (Vol.I & II), Vikash Publishing
 R.L. Gupta & Radhaswamy, Advanced Accountancy (Vol. I & II), S. Chand
 Sehgal and Sehgal, Advanced Accounting (Vol I & II), Taxmann
 Students’ Guide to Accounting Standard, Rawat, Taxmann

CC6: Corporate and Labour Laws

Unit 1: Companies Act, 2013-I: Types of Companies; Important documents – Memorandum of

Association, Articles of Association, and Prospectus.

Unit 2: Companies Act, 2013-II: Formation of company-procedure for registration and incorporation,
share capital- equity, preference, right, bonus, transfer of shares (basic concepts), debentures.

13
Unit 3: Companies Act, 2013-III: Directors- appointment, types and qualifications, Company
meetings-notice, quorum and resolutions; mandatory committees, Corporate Social Responsibility
(CSR).

Unit 4: Factories Act, 1948: Definitions, Provisions regarding health, safety and welfare for
employees; Women and Minors.

Unit 5: Industrial Disputes Act, 1947: Definitions, Different Authorities–Powers & Duties;
Retrenchment provisions and penalties.

Unit 6: Trade Union Act, 1926: Meaning and Registration of Trade Union; Privileges of registered
Trade union.

Unit 7: Payment of Wages Act, 1936: Scope, Definitions, Provisions regarding wage payment;
Deduction from wages.

Unit 8: Payment of Minimum Wages Act, 1948: Scope; Definitions, Fixation and revision of
minimum wages.

Suggested Readings

 Bhadra, Satpati & Mitra, Karbari Ainer Ruprekha (Bengali Version), Dishari
 Chandra P.R., Business Law, Galgotia
 Companies Act, 2013, Taxmann
 Information Technology Act, 2000
 Kapoor, N.D., Business Law, Sultan Chand
 Mathur, Satish B., Business Law, Tata McGraw-Hill
 Ramaiya, A., Guide to the Companies Act, Wadhwa & Co.
 Right to Information Act, 2005
 Sen & Mitra, Commercial Law including Company Law, World Press
 Tulsian, P.C., Business Law, Tata McGraw-Hill
 Udayan Roycchoudhury, S. Bhattachrya & S.P. Dutta, Business Regulatory Framework,
Elegant Publication

CC7: Business Communication

Unit 1: Introduction: Meaning, Objectives, Elements and Characteristics of Communication;

Communication Models; Effective Communication.

Unit 2: Business Communication I: Meaning, Features, Advantages and disadvantages of Formal

Communication; Meaning, Features, Advantages and disadvantages of Informal Communication;
Importance of Business Communication.

Unit 3: Business Communication II: Barriers of Business Communication- Meaning and Types; Group
Discussion, Mock Interview; Seminars.

Unit 4: Modern form of Communication: Meaning, Advantages and Disadvantages of E-mail;

Meaning and Advantages of Video-conferencing and Conference calling; Advantages of Video-

14
conferencing, social media as a form of Communication- Facebook, WhatsApp, Twitter, Instagram
etc.

Unit 5: Practice in Effective Communication: Meaning of Notice, Circular, Resolution, Minutes;

Distinction between Notice and Circular; Meaning, Features, Types and Styles of Report.
Unit 6: Drafting: Rules for drafting a Report; Drafting of Notice, Resolutions, Minutes, Reports and
Circulars.

Unit 7: Writing Skills: Meaning of Business Letter; Importance of Business Letter; Style of Business
Letter; Essentials of Business Letter; Form and Arrangements of Business Letter; Drafting and
Different Types of Business Letter.

Unit 8: Interviewing Skills: Introduction; Definition of Interview; Types of Interviews; Guidelines for
Preparation of Successful Interview; Writing of application letter; Definition of Curriculum Vitae and
Resume.

Suggested Readings
 Anjanee, S. & Bhavana Adhikari, Business Communication, TMH
 Chaturvedi &Chaturvedi, Business Communication: Concepts, Cases and Applications,
Pearson
 M.K.Shegal &Vandana Khetarpal, Business Communication, Excel Books
 R.K.Madhukar, Business Communication, Vikash Publishing House Pvt. Ltd.
 Rao, Kumar & Bindu, Business Communication, Cengage
 Khanna, Puja., Business Communication, Vikash
 Raman & Sharma, Technical Communication, Oxford
 Lesikar, Flatley et al, Business Communication, McGraw Hill

SEC1: Computer Applications in Business

Unit 1: Basic Concepts: Characteristics of a Computer; Advantages of Computers; Limitation of

Computers; Types of Computers; Applications of computers, Hardware, Firmware, Live ware;
Software; Input-output devices etc.

Unit 2: Data communication and Computer networks: Transmission Modes - Simplex, Half- Duplex,
Full Duplex. Analog and digital transmission. Synchronous and Asynchronous transmission.
Multiplexing. Network Concept, Types - LAN, WAN, MAN, VAN, SAN. Various Topologies - Bus, Star,
Ring, Mesh, Tree. Protocol Models - OSI, TCP/IP.

Unit 3: Word Processing: Introduction to word Processing; Word processing concepts, working with
word document, opening an existing document/creating a new document; Saving, selecting text,
editing text, Finding and replacing text, Formatting text, Bullets and numbering, Tabs, Paragraph
Formatting, Page Setup.

Unit 4: Spreadsheet and its Business Applications: Spreadsheet concepts; Creating a work book,
saving a work book, editing a work book, inserting, deleting work sheets, entering data in a cell,
formula Copying, moving data from selected cells, Handling operators in formulae: Inserting Charts-
LINE, PIE, BAR, Mathematical ROUND ALL, SUM, SUMIF, COUNT, COUNTIF; Statistical – AVERAGE,

15
MAX, MIN, STDEV, FREQUENCY, INTERCEPT, SLOPE.; Financial - PMT, PPMT, IPMT; Logical - IF, AND,
OR.

Unit 5: Presentation Software: Microsoft Power Point, Open Office.org Impress, Apple's Keynote
etc. Creating a presentation; Editing, Sorting, Layout, Set-up row, Rehears timing.

Unit 6: Various Modern Accounting Software: Features, advantages and disadvantages of some
modern accounting software: Tally.ERP 9, Zoho Books, MARG ERP 9+Vyapar- Accounting & Invoicing,
Book Keeper – Accounting & Invoining etc.

Unit 7: Practical applications: Loan & Lease statement; Ratio Analysis, Graphical representation of
data Payroll statements: Frequency distribution. Cumulative and calculation of Means, Mode and
Median; Regression.

Unit 8: Multimedia essentials: Definition, building blocks of multimedia, multimedia system,

multimedia application.

Suggested Readings:
 Sanjay Saxena, A First Course in Computers, Vikas Publishing House, New Delhi
 Pradeep K. Sinha and Preeti Sinha, Foundation of Computing, , BPB, Publication
 Deepak Bharihoka, Fundaments of Information Technology, Excel Book,New Delhi
 V. Rajaraman, Introduction to Information Technology, PHI. New Delhi
 R. Hunt, J. Shelley, Computers and Commonsense, Prentice Hall of India New Delhi
 Leon, M. Leon, Fundamentals of Information Technology, Leon Vikas, (4) Software manuals
 ITLESL, Introduction to Computer Science, Pearson Education
 ITLESL, Introduction to Information Technology, Pearson Education
 Sinha & Sinha, Fundamentals of Computers, BPB Publication
 Rajaraman, Fundamentals of Computers, PHI

GE3: Statistics for Business Decision

Unit 1: Introduction: Definition of Statistics; Primary and Secondary data; Classification of data;
Importance and scope of Statistics in business decisions; Limitations.

Unit 2: Collection and Presentation of Statistical Data: Methods of data collection; Tabulation of
data; Graphs and charts; Frequency distributions; Diagrammatic presentation of frequency
distribution.

Unit 3: Measures of Central Tendency: Common measures of central tendency - mean, median and
mode; Partition values - quartiles, deciles, percentiles.

Unit 4: Measures of Dispersion: Common measures of dispersion – range, quartile deviation, mean
deviation and standard deviation; Measures of relative dispersion.

Unit 5: Correlation and Regression: Scatter diagram; Simple correlation coefficient; Simple
regression lines; Spearman’s rank correlation; Measures of association of attributes.

16
Unit 6: Interpolation: Finite differences; Newton’s forward and backward interpolation formulae;
Lagrange’s interpolation formula.

Unit 7: Index Numbers: Meaning and types of index numbers; Problems in the construction of index
numbers; Methods of construction of price and quantity indices.

Unit 8: Time Series Analysis: Causes of variation in time series data; Components of time series;
Additive and multiplicative models; Trend determination methods; Computation of seasonal indices;
Simple forecasting through time series data.

Suggested Readings:
 Das N. G. & Das J. K., Business Mathematics and Statistics, Tata McGraw Hill
 Sharma J K, Business Statistics, Pearson Education
 Goon, Gupta and Dasgupta, Fundamentals of Statistics, The World Press
 Fundamentals of Statistics, S.C.Gupta, Himalaya Publishing House
 Das J. K., Statistics for Business Decisions, Academic Publishers

17
 Semster-4

CC8: Direct Taxation

Unit 1: Basic Concepts and Definitions: Assessee, Person, Previous Year, Assessment Year, Sources
of income, Heads of income, Gross total income, Agricultural income,

Unit 2: Residential Status and Incidence of Tax: Status of different persons except company.

Unit 3: Incomes which do not form part of total income-except Section 10AA.

Unit 4: Computation of Income under Different Heads-I: Salaries; Income from house property.

Unit 5: Computation of Income under Different Heads-II: Profits & gains of business or profession-
basic concepts and simple problems, Capital gains-basic concepts except exemptions; Income from
other sources-basic concepts except deemed dividend.

Unit 6: Clubbing of Income, and Set off & Carry Forward of Losses.

Unit 7: Deductions from Gross Total Income and Rebate: Under Section 80C, 80CCC, 80CCD, 80CCE,
80D, 80DD, 80DDB,80E, 80G, 80GG, 80GGC, 80TTA, 80TTB, 80U, Rebate U/S 87A.

Unit 8: Computation of Total Income and Tax Liabilities of an Individual (excluding Alternate
Minimum Tax).

Suggested Readings
 Singhania & Singhania, Student Guide to Income Tax, Taxmann
 Swatantara Sethi, Self-Preparation and Filling of Income Tax Returns by Individuals
 Taxmann’s Income Tax Act as mended by Finance Act, Taxmann
 Ahuja & Gupta, Systematic Approach to Income Tax, Bharat
 Bhadra & Satpati, Direct & Indirect Tax (Bengali), Dishari

CC9: Indian Financial System

Unit – 1: Introduction: Financial System - Meaning and significance; Role of finance in an economy,
Components (instruments, markets, services, regulators); Role of financial intermediaries, Structure
of Indian Financial System.

Unit 2: Money and Indian Banking System I: Functions of Money; Alternative measures to money
supply in India –components of money, High powered money – meaning and uses – Concept of
Money Multiplier.

18
Unit 3: Money and Indian Banking System II: Commercial Banks – Importance and functions;
Structure of Commercial Banking system in India; Credit Creation Process of Commercial Banks.

Unit 4: Reserve Bank of India: Functions; Instruments of Monetary and Credit control, Main features
of Monetary Policy since independence.

Unit 5: Money Market: Concept, Types of Indian Money Market- Call Money Market, Treasury Bills
Market, Certificate of Deposit, Commercial Papers, Recent trends of Indian money markets.

Unit 6: Capital Market I: Meaning, Types, Functions; Primary & Secondary markets- Meaning,
Functions & Role, Differences between Primary & Secondary markets, Intermediaries of Primary
Markets.

Unit 7: Capital Market II: Functionaries of stock Exchanges-Brokers, Sub- Brokers, Institutional
Investors & NRIs, Role and Functions of SEBI

Unit-8: Financial Services: Merchant Banking-Functions & Roles, SEBI guidelines, Credit rating-
concept & types, Functions & limitations, Profile of Indian Rating Agencies.

Suggested Readings

 Bhole, L. M., Financial Markets and Institutions, TMH, New Delhi

 Gurusamy S., Financial Services, TMH
 Khan, M. Y., Indian Financial System-Theory and Practice, TMH, New Delhi
 Meir Kohn, Financial Institution and Market, Oxford University Press. New Delhi
 Nayak and Sana, Indian Financial System (English and Bengali), Rabindra Library
 Pathak, B., Indian Financial System-Pearson, New Delhi

CC10: Entrepreneurship Development

Unit-1: Introduction: Definition of Entrepreneurship, types of entrepreneurships; elements,

determinants and importance of entrepreneurship, Concept of start-up, Entrepreneurship
Development; Entrepreneurship as career.

Unit-2: Traits of Entrepreneur: Entrepreneurial personality, knowledge and skill of

entrepreneur, entrepreneurship development training.

Unit -3: Planning for Entrepreneurship: Basic concept, operational planning, planning for human
resources and marketing planning.

Unit-4: Sources of business ideas and tests of feasibility: Significance of writing the business plan/
project proposal; Contents of business plan/ project proposal; Designing business processes,
location, layout, operation, planning & control; preparation of project report.

Unit-5: Resource Mobilization: Resource Mobilization for start-up. Accommodation and utilities;
Preliminary contracts with the vendors, suppliers, bankers, principal customers.

19
Unit-6: Family business in India: Role of family business, Contemporary role models in Indian
business, their values, business philosophy and behavioural orientations; Conflict in family business
and its resolution.

Unit -7: Micro, Small and Medium Enterprises (MSMEs): Definitions, Role of MSMEs, Financing and
Management of MSMEs.

Unit 8: Role and Functions of Different Agencies: Industries/entrepreneur’s associations, Self-help

groups, business incubators, angel investors, venture capital and private equity fund.

Suggested Readings
 Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.
 Robert Hisrich, Michael Peters, Dean Shepherd, Entrepreneurship, McGraw-Hill Education
 Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
 Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.
 Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.
 Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New Delhi:
 Prentice-Hall of India. ISBN-81-203-1690-8.
 Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
 ASEED.
 SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.
 Hifrich, Manimala, Peters & Shepherd, Entrepreneurship, McGraw-Hill
 Kumar Arya, Entrepreneurship, Pearson
 Bamford and Bruton, Entrepreneurship, McGraw Hill
 SIDBI Reports on Small Scale Industries Sector.
 Roy, Entrepreneurship, Oxford

SEC 2: E-Business
Unit 1: Introduction: Emergence of E-Business, Concept, Features and Importance, E-Business based
activities, Advantages, Limitations, Techniques and barriers.

Unit 2: Business Models of E-Business: Key Elements of an E-Business Model, Electronic business
models based on Relationship of Transaction Parties: B2B, B2C, C2C, C2B, Electronic business models
based on Relationship of Transaction Types: Brokerage Model, Aggregator Model.

Unit 3: Technology Enabling E-Business: Networks and Internet-URL, TCP, Search Engine, The World
Wide Web: Hypertext, Markup Languages, and Web Browser. Web Security Issues, Encryption
Techniques: Symmetric and Asymmetric.

Unit 4: E-Marketing: Traditional Marketing, Web presence goals and meeting the needs of the web
visitors, E-Marketing Value Chain, Website – vehicle for E-Marketing, Metrics defining Internet Units
of Measurement, The Browsing Behaviour Model, Online Marketing, E-Advertising, E-Branding, E-
Marketing Strategies.

Unit 5: E-CRM: Customer Relationship Management (CRM)-concept, features, goals, significance,

benefits, functional components, business framework, Phases, Types, strategies.

20
Unit 6: E-Payment: Types of E-Payment: Electronic Card, Digital Cash, Digital Wallet, Online Stored
value systems, E-Cheque, Electronic Billing presentation and payments, Online Banking, Case Study:
Paytm and Free Charge.

Unit 7: E-Security: Importance, Dimensions, Types of Security Threats, Technological Solutions:

Encryption and Decryption, Digital Envelope, Digital certificate, Digital Signature, SSL, S-HTTP, VPN,
Firewalls, Antivirus Software.

Unit 8: Mobile Commerce: Wireless Environment, Definition of Mobile Commerce, Features,

Advantages and Limitations, Technologies for Mobile Commerce - Wireless Spectrum, WAP,
Generations of Wireless Technology-1G, 2G,3G,4G, M-Commerce Applications, Relevance of M-
Commerce in India.

Suggested Readings
 Joseph, P.T. E-Commerce A Managerial Perspective. PHI
 Kenneth C. Laudon & Carol Guercio Traver, E-Commerce: Business, Technology, Society,
Pearson.
 Agarwala, Kamlesh N., Amit Lal and Deeksha Agarwala, Business on the Net: An
Introduction to the Whats and Hows of E -Commerce, Macmillan India Ltd.
 Bajaj, Deobyani Nag, E-Commerce, Tata McGraw Hill Company, New Delhi.
 Turban, E., et. al., Electronic commerce: A Managerial Perspective, Pearson Education
Asia.
 Diwan, Prag and Sunil Sharma, Electronic Commerce -A Manager’s Guide to E-Business,
Vanity Books International, Delhi.
 Dietel, Harvey M., Dietel, Paul J., and Kate Steinbuhler., E-business and E-commerce for
managers, Pearson Education.
 Greenstein, M. and T.M. Feinman, Electronic Commerce: Security, Risk Management and
Control, Tata McGraw hill.
 Kosiur, David, Understanding Electronic Commerce, Prentice Hall of India Private Ltd.,
New Delhi.
 Whiteley, David, E-commerce, McGraw Hill, New York.

GE4: Indian Economy

Unit 1: Introduction: Basic Issues in Economic Development Concepts and measures of development
and underdevelopment; Concept of national income: GDP, GNP, NDP, NNP, NI (concepts only).

Unit 2: Features of Indian Economy: Basic Features of Indian Economy Sectoral distribution of
National Income and Occupational Structure; Structural Change in Indian Economy, issue of Service-
led Growth.

Unit 3: Sectoral Trends and Issues-I: Agricultural Sector: Problem of low productivity; Green
Revolution and its impact; Land Reforms; Problems of rural credit and marketing.

Unit 4: Sectoral Trends and Issues-II: Industry and Service Sector: An overview of industrial growth
during pre-reform and post-reform period; Role of Public Sector: its performance and the issue of
disinvestment; Role of MSME sector, problems faced by the MSME Sector; Role of the Service
Sector: growth of banking and insurance sector during the post-reform period.

21
Unit 5: Sectoral Trends and Issues-III: External Sector: Problem of unfavourable balance of
payments and policy measures.

Unit 6: Issues in Indian Social Economy: Problem of Poverty, Poverty alleviation measures; Problem
of Unemployment and the policy measures.

Unit 7: Five Year Planning: Objectives and features.

Unit 8: NITI Ayog: Brief overview.

Suggested Readings
 Dutt & Sundaram, Indian Economy, S.Chand • Mishra &Puri, Indian Economy, Himalaya
Publishing House
 Uma Kapila, Indian Economy
 Joydeb Sarkhel & Swapan Kr. Roy, Bharoter arthanaiti(Bengali)
 Banerjee & Majumdar, Business Economics and Business Environment,ABS
 Banerjee & Majumdar, Banijjik Arthaniti –o- Banijjik Paribesh(Bengali), ABS
 Ratan Khasnabish & Ranesh Roy, Banijjik Arthaniti –o- Bharoter arthanaitik Paribesh(Bengali)
 Prakash, B.A., Indian Economy, Pearson • Fernando, Indian Economy, Pearson

22
 Semster-5
CC11: Management Accounting
Unit 1: Introduction: Meaning, Scope, Importance, Functions, Characteristics, Comparison with
Financial Accounting and Cost Accounting.

Unit 2: Working Capital Management: Concept, need, composition of working capital, operating
cycle, Factors determining working capital, forecasting of working capital.

Unit 3: Changes in Financial Position: Fund Flow Statement, Cash Flow Statement (as per relevant
Accounting Standard), Uses and limitations.

Unit 4: Accounting Ratios: Meaning, nature, objectives, classification, uses and limitations.

Unit 5: Financial Analysis: Application of accounting ratios in measuring liquidity, solvency,

profitability, capital structure and managerial efficiency.

Unit 6: Budget & Budgetary Control: Budget-Meaning, Objectives and Importance, Distinction
between Budget and Budgetary Control, Classification of budgets, Techniques of Budgeting,
functional, cash and flexible budgets.

Unit 7: Marginal Costing: Concepts, Scope, Objectives, Importance, Advantages, Limitations,

Application of Marginal Costing-P/V Ratio, Break-Even Analysis, Margin of Safety, Angle of Incidence,
Cost-Volume-Profit Analysis.

Unit 8: Standard Costing: Introduction, advantages, limitations, types, variance analysis: Material,
labour and overhead.

Suggested Readings

 M.Y.Khan & P.K.Jain, Management Accounting, Tata McGraw Hill

 Jain, Narang Management Accounting, Kalyani
 Sinha, G., Accounting Theory and Management Accounting, Vidyoday Library Pvt. Ltd.

CC12: Auditing

Unit 1: Introduction : Definition, Scope, Objectives, Importance and Limitations; Errors and Frauds –
Concept, Classification of errors and frauds, Auditor’s duty regarding non-detection of errors and
frauds; Conducting audit of an organization – Audit Engagement, Audit Programme, Audit File, Audit
Note Book, Audit Working Papers, Audit evidence, Preliminary steps before commencement of
audit; Audit Procedure – Routine Checking, Test checking, Surprise Checks, Audit-in-depth; Auditing
Standards – Concept, Objectives.

23
Unit 2: Types of Audit: Regulatory mandate based- Statutory vs. Non-statutory Audit; Coverage
based- Complete, Partial; Objective wise - Internal and Independent Financial audit; Technique
Based - Balance Sheet, Systems, EDP; Periodicity based - Periodical, Continuous, Interim, Final;
Specific matter based - Special Audit, Social Audit, Performance Audit, Propriety Audit, Tax Audit,
Human Resource Audit, Energy Audit, Environment Audit [Basic concepts only, Cost Audit –
Concepts, Objectives and Legal Provisions as per Companies Act., Management Audit - Concepts,
Objectives and Importance].

Unit 3: Internal Control and Internal Audit: Internal Check-Definition, Objectives, Internal Control-
Definition, Objectives, Evaluation, Internal Control Questionnaire, Comparison with Internal Checks;
Internal Audit-Definition, Objectives, Regulatory Requirement of Internal Audit (Companies Act).

Unit-4: Vouching, Verification & Valuation: Meaning, objectives, features and importance, General
principles of vouching; Vouching of different items of transactions, liabilities of auditor arising out of
vouching, Meaning and importance of Verification and valuation, Verification and valuation of
different assets and liabilities and auditors’ role thereof.

Unit 5: Company Audit: Company Auditor-Qualification, Disqualification, Appointment,

Remuneration and Removal, Status, Rights, Duties and Liabilities, Depreciation - Definition,
Objectives and causes, Different methods, Treatment prescribed under Companies Act, Auditor’s
duty; Divisible profits and dividends –Meaning, Provisions regarding declaration and payment of
dividend, Auditor’s duty.

Unit 6: Audit Report & Certificate: Concept, Distinction between Report and Certificate,
Characteristics of a good audit report; Types and content of Audit Report; True & fair view- auditor’s
duties.

Unit 7: Investigation: Meaning, purpose and scope of investigation, Difference between

investigation and audit; Investigation as to suspected fraud / defalcation, Sickness of a concern.

Unit 8: Audit of different Institutions: Audit of Educational institutions–Schools, Colleges etc., Clubs,
Charitable institutions, Nursing Home / Hospitals.

Suggested Readings
 Auditing Assurance Standards and Guidelines issued by ICAI
 Basu Sanjib Kumar, Fundamentals of Auditing, Pearson
 Basu, B.K, An Insight into Auditing- A Multidimensional Approach, Basushree Book Stall
 Gupta, Kamal, Contemporary Auditing, Tata McGraw-Hill
 Kamal Gupta, Auditing, Tata McGraw-Hill
 Maity Badal Kumar, Auditing, New India Book
 Sana, Sarkar, Biswas and Das, Auditing –Principles and Practices, McGraw-Hill
 Tandon, B.N., Principles of Auditing, S. Chand & Co

DSEC1: Corporate Accounting

24
Unit -1: Accounting for Share Capital-I: Issue, Forfeiture and reissue of shares; Issue of right and
bonus shares, Underwriting of shares.

Unit -2: Accounting for Share Capital-II: Buyback of shares, Redemption of Preference shares.

Unit 3: Accounting for Debentures: Issue and redemption of debentures.

Unit 4: Final Accounts: Preparation of Profit & Loss Statement and Balance Sheet of Corporate
entities as per Schedule III, Dividend and applicable tax (excluding calculation of managerial
remuneration).

Unit 5: Amalgamation, Absorption: Meaning; relevant accounting standard and meaning of

different terms, Accounting in the books of Transferor Company, Accounting in the books of
Transferee Company; inter-company transactions (excluding inter-company shareholding).

Unit 6: Internal and External Reconstruction: Meaning, Provisions and Accounting, Surrender of
Shares for redistribution; preparation of Balance Sheet after reconstruction.

Unit-7: Valuation of Goodwill: Goodwill – valuation using different methods, i.e., Average
Profit, Super Profit, Capitalisation and Annuity.

Unit 8: Valuation of Shares: Valuation using different methods: Asset approach, Earnings approach,
Dividend Yield, and Fair Value; Cum-div and Ex-div, Majority and Minority views.

Suggested Readings
 Basu and Das, Financial Accounting II & III, Rabindra Library
 Hanif and Mukherjee, Financial Accounting (Vol II & III), McGraw-Hill
 Maheswari and Masheswari, Advanced Accounting ( Vol.I & II), Vikash Publishing
 R.L. Gupta & Radhaswamy, Advanced Accountancy (Vol. I & II), S. Chand
 Sehgal and Sehgal, Advanced Accounting (Vol I & II), Taxmann
 Students’ Guide to Accounting Standard, Rawat, Taxmann

OR
Tourism Management
Unit 1: Tourism Concept: Tourism- Meaning, Importance and Types; Tourism Products- Meaning,
Characteristics, Classification; Tourism Management – Meaning and Objectives.

Unit 2: Forms and Types of Tourism: Typology of tourism, forms and types of tourism, Travel
motivators.

Unit 3: Tourism and its’ impacts: Factors influencing the impact of tourism- Economic, Physical
Environmental, Socio- Cultural etc.

Unit 4: Tourism Resources with special references from West Bengal: Tourism resources of West
Bengal- Darjeeling, Darjeeling Himalayan Railway, Morgan House, etc.; Tourism resources -Assam,
Meghalaya, Arunachal Pradesh, Manipur, Mizoram, Tripura, Nagaland etc.

25
Unit 5: Historical Background of Travel Agency: Overview, Historical Background of Travel Agency,
Profile of a Modern Travel Agency etc.

Unit 6: Tourism Products in India: Definitions, Types, Characteristic of Tourism Products,

Archaeological, World Heritage and Religious sites of India, Indian Museum etc.
Unit 7: Tour Operation Business in India: Rules for Recognition of Tour Operator of India,
Organization Structure of Travel / Tour Company, Types and Forms of Tour Operator, Package etc.
Unit 8: Marketing: Services Marketing-Concepts and features; Tourism as Service Industry-
Hospitality and Tourism, Segmentation in Tourism, World Tourism and India etc.

Suggested Readings
 Travel Industry: Chunky Gee et-al
 Tourism Systems - Mill and Morisson
 Successful Tourism Management - Prannath Seth
 Tourism Management Vol - 4 - P.C. Sinha
 Tourism Development - R. Gartner
 Tourism Planning and Development - J.K. Sharma
 Studies in Tourism - Sagar Singh
 Tourism: Principles and Practices - Cooper C., Fletcher J., Gilbert D and Wanhil. S
 Tourism: Principles and Practices - McIntosh, R.W.
 Tourism: Past, Present and Future - Burkart & Medlik
 Sustainable Tourism Development, Guide for Local Planners by WTO
 Cultural Tourism in India- S.P. Gupta, Krishna Lal, Mahua Bhatacharya

DSEC2: Tax Procedure and Practice

Unit 1: Computation of total income and tax payable: Individual only.

Unit 2: Interest and fees: Interest u/s 234A, 234B, 234C and fees u/s 234F
Unit 3: Payment of Taxes: Self-Assessment Tax, Advance Tax and TDS from Salary, Lottery and
Interest on Securities.

Unit 4: Return of income-I: Return forms, Mode of Submission, Permanent Account Number (PAN),
Quoting of Aadhar number.

Unit 5: Return of income-II: Types of Return and Assessment.

Unit 6: Tax Deduction Account Number (TAN), Tax Clearance Certificate: Relevant Provisions.

Unit 7: Filling of Tax return-I:

(a) Preparation and submission of the Income Tax Return (ITR) offline/online (e-filling) for individual
taxpayer [e-filing without using DSC and with using DSC, EVC]
(b) View form 26AS, Upload return, View e-file returns, e-verification.

Unit 8: Filling of Tax return-II:

26
(a) Use of e-tax calculator (including interest calculation u/s 234A, 234B, 234C)
(b) E-Pay tax (Challan No./ITNS 280, ITNS 281)
(c) Preparation and submission of online form 10E [Relief u/s 89(1)]

Suggested reading
 www.incometaxindiaefiling.gov.in
 www.incometaxindia.gov.in
 Singhania & Singhania, Student Guide to Income Tax, Taxmann
 Swatantara Sethi, Self Preparation and Filling of Income Tax Returns by Individuals
 Taxmann’s Income Tax Act as mended by Finance Act, Taxmann
 Ahuja & Gupta, Systematic Approach to Income Tax, Bharat
 Bhadra & Satpati, Direct & Indirect Tax (Bengali), Dishari

OR
Retail Management
Unit 1: Introduction to Retailing: Concept of retailing, Functions of retailing, Terms & Definition,
Retail formats and types, Retailing Channels, Retail Industry in India, Importance of retailing,
Changing trends in retailing.

Unit 2: Understanding the Retail Consumer: Retail consumer behaviour, Factors influencing the
Retail consumer, Customer decision making process, Types of decision making, Market research for
understanding retail consume.

Unit 3: Retail Market Segmentation and Strategies: Market Segmentation and its benefits, Kinds of
markets, Definition of Retail strategy, Strategy for effective market segmentation, Strategies for
penetration of new markets, Growth strategies, Retail value chain.

Unit 4: Retail Location Selection: Importance of Retail locations, Types of retail locations, Factors
determining the location decision, Steps involved in choosing a retail location, Measurement of
success of location.

Unit 5: Merchandise Management: Meaning of Merchandising, Factors influencing Merchandising,

Functions of Merchandising Manager, Merchandise planning, Merchandise buying, Analysing
Merchandise performance.

Unit 6: Retail Operations and Retail Pricing: Store administration, Premises management, Inventory
Management, Store Management, Receipt Management, Customer service, Retail Pricing, Factors
influencing retail prices, pricing strategies, Controlling costs.

Unit 7: Retail Space Management and Marketing: Definition of Space Management, Store layout
and Design, Visual Merchandising, Promotions Strategy, Relationship Marketing Strategies, CRM,
Retail Marketing Mix, Retail Communication Mix, POP Displays.

Unit 8: Emerging trends in retailing: Changing nature of retailing, organized retailing, Modern retail
formats, E-tailing, Challenges faced by the retail sector.

Suggested Reading
 Madaan, Fundamentals of Retailing, Tata McGraw-Hill

27
 Pradhan, S., Retailing Management, McGraw Hill
 Seshanna & Prasad, Retail Management, McGraw Hill
 Berman, Evans & Mathur, Retail Management, Pearson

28
 Semster-6
CC13: Business Ethics
Unit 1: Introduction: Meaning, Scope, Features and Significance of Ethics; Types of Ethics.

Unit 2: Ethics and Values: Values, Attitudes and Morale, Relationship between Business and ethics.

Unit 3: Principles of Business Ethics: Meaning, Elements, Ethical dilemma, Factors influencing
Business Ethics; Arguments for and against Business Ethics.

Unit 4: Ethics in Management: Introduction, Ethics in HRM, Ethics in Marketing, Ethics in

Accounting and finance.

Unit 5: Ethics in Work Place: Work Place Culture and Values.

Unit 6: Corporate Culture: Meaning, Role, Functions, Impact of Corporate Culture, Globalization and
cross culture issues in ethics, Corporate Code of ethics.

Unit 7: Corporate Social Responsibility: Meaning, Provisions of Companies Act, Corporate Ethics.

Unit 8: Ethics & Corporate Governance: Concept of Corporate Governance, Scope, Reports on
Corporate Governance and its benefits and limitations-- Corporate Governance and Business Ethics
[Brief Concept]

Suggested Readings
 Albuquerque, Business Ethics, Oxford
 Ferrell, Fraedrich, Farrell, Business Ethics, Cengage

CC14: Indirect Taxation

Unit 1: Basic Concepts of Indirect Tax and Overview of Goods and Services Tax (GST): Concept of
indirect tax, difference between direct and indirect tax, indirect tax structure in India, concept and
features of GST, application of SGST, CGST, IGST, UTGST, Rate of GST, definitions.

Unit 2: Taxable Events and Concepts of Supply under GST: Meaning of taxable event, supply as per
GST law, mixed and composite supply.

Unit 3: Charges of GST: Forward and reverse charge.

Unit 4: Composition Levy and Exemption under GST: Meaning of composition scheme, applicability,
tax rate under composition scheme, aggregate turnover, eligibility of composition supply, Goods
exempt from tax, Services exempt from tax etc.

Unit 5: Place, Time and Value of Supply under GST: Place of supply of goods and services other than
export and import; Time of supply of goods and services; Value of supply of goods and services.

29
Unit 6: Input Tax Credit (ITC): Brief overview, Eligibility for claiming Input Tax Credit under GST,
Important definition for ITC, condition for availing of credit under GST etc.

Unit 7: Registration under GST

Unit 8: Customs Duty: Basic concepts, Definition: Customs Airport, Customs Port, Customs Station,
Dutiable Goods, Export, Goods, Import, Indian Customs Water. Taxable events and date of
determination of duty, Types of Customs Duties, Determination of Assessable Value, Duty drawback.

Suggested readings
 Datey, V. S. Goods and Services Tax, Taxmann.
 Acharjee, M. Goods and Service Tax.
 Singhania & Singhania, Student Guide to Income Tax including GST, Taxmann.
 Chatterjee T. B. and Sony V. Goods and Services Tax, Book Corporation.
 Banger and Banger. Goods and Services Tax, Aadhya Prakashani.

DSEC3: Corporate Financial Reporting and Financial Statement Analysis

Unit 1: Introduction- Corporate Financial Reporting: Meaning, Objectives, Importance, Users,
Qualities and Structures, GAAP- Accounting Standard: Conceptual Framework.

Unit 2: Cash Flow Statement Analysis: Meaning, objectives, difference with Fund Flow Statement;
activity classification and preparation and presentation as per relevant Accounting Standard,
Interpretation of Cash Flow Statements.

Unit -3: Accounts of Holding Company: Preparation of Consolidated Balance Sheet as per relevant
standard with one subsidiary except Chain and Cross holding.

Unit -4: Segment Reporting: Basic Concepts, Benefits, Determination of Reportable Segments as per
relevant standard.

Unit 5: Introduction- Financial Statement Analysis: Meaning, Objectives, Need, Components,

Approaches to Financial Statement Analysis-Traditional and Modern, Types of Financial Statement
Analysis, Parties interested in FSA.

Unit 6: Methods of Financial Statement Analysis: Comparative Statement – meaning, preparation,

uses, merits and demerits; Common -size Statement – meaning, preparation, uses, merits and
demerits; Trend Analysis – meaning, determination, uses, merits and demerits.

Unit 7: Accounting Ratios for Financial Statement Analysis-I: Meaning, objective, Classification of
Accounting Ratios, Advantages & Limitations Preparation of Classified Financial Statements and
Statement of Proprietor’s Fund from the given Ratios.

Unit 8: Accounting Ratios for Financial Statement Analysis-II: Analysis and Interpretation of
important ratios for measuring –Liquidity, Solvency, Capital Structure, Profitability and Managerial
Effectiveness.

30
Suggested Readings
 R. L.Gupta & Radheswamy, Advanced Accountancy Vol. II, S. Chand
 Maheshwari & Maheshwari, Advanced Accountancy Vol. II, Vikash Publishing
 Sehgal & Sehgal, Advanced Accountancy Vol. I II, Taxman Publication
 Accounting Standards issued by ICAI
 B. Banerjee, Regulation of Corporate Accounting & Reporting in India, World Press.
 Lev, Financial Statement Analysis-a new approach, Prentice Hall
 Foster G, Financial Statement Analysis, Prentice Hall
 Bernstein & Wild, Financial Statement Analysis; theory, application & interpretation, Mcgraw
Hill
 Ormiston, Understanding Financial Statement, Pearson
 Bhattacharyya, Asish K., Introduction to Financial Statement Analysis, Elsevier
 Hanif & Mukherjee, Financial Accounting, Vol III, McGraw Hill
 Subramanyam, K.R. and Wild, Financial Statement Analysis, McGraw Hill
 Students’ Guide to Accounting Standard, Rawat, Taxmann
 Jawaharlal, Corporate Financial Reporting Theory and Practice, Taxmann
 Sur Debasish, Fianancial Statement Analysis-A Comprehensive Approach, Excel

OR
Logistics Management
Unit 1: Concept of Logistics: Objectives and Concept of Logistics, Evolution of Logistics, Types of
logistics, Concept of Logistics Management, Role of Logistics in an Economy, Logistics and
Competitive Advantage, Logistics Mix, Logistics in Organised Retail in India.

Unit 2: Supply Chain Management: Objectives and Concept of Supply Chain Management (SCM),
Functions and Contribution of Supply Chain Management, Framework for Supply Chain Solution,
Supply Chain Relationships, Building a long-term relationship with vendors, Supplier relationship
management (SRM). Difference between Logistics and Supply Chain Management.

Unit 3: Material Storage System: Objectives and Concept of Material Storage System, Unit Load
Storage, Storage principles, Storage design and its benefits, Storage Methods.

Unit 4: Warehousing: Objectives and Concept of Warehousing, Need for warehousing management,
Evolution of warehousing, Functions of Warehouses, Types of Warehouses, Warehousing Cost,
Warehousing Strategies, Significance of Warehousing in Logistics, Warehousing Management System
(WMS).

Unit 5: Logistical Packaging: Objectives and Concept of Logistical Packaging, Design Consideration in
Packaging, Types of Packaging Material, Packaging Costs.

Unit 6: Transportation: Objectives and Transportation System, Transportation Infrastructure,

Different Modes of Transportation, Freight Management, Factors Affecting Freight Cost,
Transportation Network, Containerisation.

31
Unit 7: Customer Service: Objectives and Concept of Customer Service, Attributes of customer
service, Different phases of customer services, Customer Service for Competitiveness, Value-Added
Logistical Service.

Unit 8: E-Commerce Logistics: Objectives and Concept of E-Commerce, Requirements of Logistics in

E-Commerce, E-Logistics Structure and Operation, Logistic Resource Management (LRM).

Suggested Readings
 Ganapati and Nandi, Logistics Management, Oxford University Press;
 C. Rama Gopal, Export import Procedures- Documentation in Logistics, New Age
International Publication;
 Paul and Aserkar, Export Import Management, Oxford University Press.
 Chopra and Meindl, Supply Chain Management, Pearson.

DSEC 4: Financial Management

Unit 1: Introduction: Functions; Objectives, Profit maximization vs. Value maximization; Role of
Chief Financial Officer.

Unit 2: Time Value of Money: Concept of Compounding, Discounting, Annuity and perpetuity.

Unit 3: Sources of Finance and Cost of Capital: Different sources of finance, Cost of capital- concept,
relevance, specific cost, weighted average cost and marginal cost of capital.

Unit 4: Leverage: Concept of Business Risk and Financial Risk, Operating, Financial and Combined
Leverage, Trading on Equity.

Unit 5: Capital Structure Theories: Capital Structure Decisions and Pattern, designing optimum
Capital Structure, Constraints, Features of Sound Capital Structure, Various Capital Structure
Theories (except M-M Model).

Unit 6: Capital Budgeting Decision-I: Objectives, Process, understanding different types Investment
Decisions, Techniques of Decision Making: Non-discounted Cash Flow Approaches – Payback Period
method, Accounting Rate of Return.

Unit 7: Capital Budgeting Decision-II: Discounted Cash Flow Approaches: Net Present Value,
Discounted Payback Period, Profitability Index, Internal Rate of Return (Elementary Level).

Unit 8: Dividend Decisions: Meaning, Types of Dividends; Factors determining dividend decisions,
Dividend Theories-Walter’s Model, Gordon’s Model, Modigliani and Miller (Introductory Level).

Suggested Readings
 B. Banerjee, Financial Policy & Management Accounting, PHI
 James C. Van Horne, Financial Management, PHI
 Kar & Bagchi, Financial Management, Dey Book Concern
 Khan & Jain, Financial Management, Tata McGraw-Hill
 Pandey I.M., Financial Management-, Vikash
 Sana, Biswas, Sarkar and Das, Financial Management, McGraw-Hill

32
 OR
Non-Profit Organisation Management
Unit 1: Concept, Functions and Establishment of NGO: Concepts and Functions; Development
issues, Development indicators; Legal procedures for establishment of NGOs; Overview of Societies
Registration Act, Indian Trust Act, Indian Company’s Act, Charitable endowment Act and FCRA,
Memorandum of Association and Bye laws, Tax Reliefs under various Acts, Issues and Challenges in
NGO Management.

Unit 2: Results-Based Management and Project Cycle Management: Concept of Results-Based

Management; Results-Based Management in programme and project planning; The project cycle;
Logical Framework.

Unit 3: Designing and Planning a Project: Identifying and analysing problems, Deciding the overall
strategy, Defining the response, Strategic Planning.

Unit 4: Project Monitoring and Evaluation: Monitoring, Internal Evaluations, External Evaluations.

Unit 5: Fund-raising and Grant Proposals - Institutional Readiness: Developing a coherent fund-
raising strategy and Grant Proposals, Identification of budget lines and donor expectations, Structure
of grant proposals, Elaboration of a Grant Proposal.

Unit 6: Communication, Leadership Development and Human Resource Management: Principles

of communication, Successful negotiations, Leadership Development, Building and leading a team,
Conflict resolution, Human Resource Management, Human Resource Policy, Staffing and
Compensations, Staff development.

Unit 7: NGO Governance: Linking experience to Best Practice: Governance- Concepts, challenges,
perspectives and ethical concerns, Impact of different governance structures, Good Governance
standards codes and accountability, Role of Board Members, Executive Directors, Senior Managers,
Founders and other stakeholders.

Unit 8: Co-ordinating Agencies, Funding Agencies and Schemes of NGOs: International

Organisations, National and Regional Organisations, Schemes for NGOs under various ministries of
Government of India, NABARD and Human Rights Commission.

Suggested Readings
 Steve Rothschild, “The Non-profit: For-Profit Thinking for Non-profit Success”, The Jewish
Floridian - University of Florida Digital Collections.
 Beth Kanter, Allison Fine and Randi Zuckerburg “The Networked Nonprofit: Connecting with
Social Media to Drive Change”,
 Jim Collins, “Good to Great: Why Some Companies Make the Leap and Others Don't”
 Chip Heath and Dan Heath, “Made to Stick: Why Some Ideas Survive and Others Die”
 Leslie R. Crutchfield, Heather Mcleod Grant and Steve, “Forces for Good: The Six Practices of
High-Impact Nonprofits”
 David Lubetzky, “Do the Kind Thing: Think Boundlessly, Work Purposefully, Live
Passionately”

*****

33