Department of Commerce

(Under Faculty of Commerce and Management, RGU)

3-Years Bachelor in Commerce

4-Year Bachelor in Commerce (Hons.)
4-Year Bachelor in Commerce (Hons.)with Research
Courses of Studies with effect from Academic Session 2023-24

(Under National Education Policy, 2020, Choice Based Credit

System, UGC-LOCF & in accordance to the Ordinance related to
Admission to Program(s) and Examination(s) of Undergraduates in
Arts, Science and Commerce as per Choice Based Credit System
(CBCS))

RAJIV GANDHI UNIVERSITY

Rono Hills, Doimukh – 791112
(Arunachal Pradesh)
Course Structure for the 3-Years B.Com. / 4-Year B.Com. (Hons.) / 4-Year B.Com. (Hons.) with Research under NEP-
Semester Level Discipline Specific Courses / Core Courses Minor 2020
Inter- Ability Skill Common Internship Project Total Total
Courses Disciplinary Enhancement Enhancement Value Added Credit Year
Courses Courses Courses Courses Credit

I 100 COM-CC-1110 *** *** *** COM-MC-1110 COM-MD-1110 COM-AE-1110 COM-SE-1110 COM-VA-1110 *** *** ***
4 4 3 4 4 2 21
II 100 COM-CC-1210 *** *** *** COM-MC-1210 COM-MD-1210 COM-AE-1210 COM-SE-1210 COM-VA-1210 *** ***
4 4 3 4 4 2 21 42
Award of CERTIFICATE IN COMMERCE (UGCC) A student may exit this programme and awarded the degree, CERTIFICATE IN COMMERCE (CC), after securing 46 credits (42 from 2 semesters + 4
Degree on from the work based vocational courses). The work based -vocational courses will be offered by the department during the summer terms or
Exit internship/ apprenticeship in addition to 8 credit from Skill based Courses, to be earned by the studnet during the first & second semesters.
III 200 COM-CC-2110 COM-CC-2120 *** *** COM-MC-2110 COM-MD-2110 *** COM-SE-2110 COM-VA-2110 *** *** ***
4 4 4 3 4 2 21
IV 200 COM-CC-2210 COM-CC-2220 COM-CC-2230 COM-CC-2240 COM-MC-2210 *** *** *** *** *** ***
4 4 4 4 4 20 41
Award of DIPLOMA IN COMMERCE (DC) A student may exit this programme and awarded the degree, DIPLOMA IN COMMERCE (DC), after securing 83 credits from 4 semesters along with 4
Degree on credits from the work based -vocational courses, offered by the department during the first or second summer terms or internship/ apprenticeship.
Exit
V 300 COM-CC-3110 COM-CC-3120 COM-CC-3130 COM-CC-3140 COM-MC-3110 *** *** *** *** INT-CO-3110 *** ***
4 4 4 2 4 2 20
VI 300 COM-CC-3210 COM-CC-3220 COM-CC-3230 COM-CC-3240 COM-MC-3210 *** *** *** *** *** ***
4 4 4 4 4 20 40
Award of BACHELOR IN COMMERCE (B.Com.) A student may exit this programme and awarded the degree, BACHELOR IN COMMERCE (B.Com.), after securing 123 credits from 6 semesters.
Degree on
Exit
VII 400 COM-CC-4110 COM-CC-4120 COM-CC-4130 COM-CC-4140 COM-MC-4110 *** *** *** *** *** *** ***
4 4 4 4 4 20
VIII 400 COM-CC-4210 COM-CC-4220 COM-CC-4230 COM-CC-4240 COM-MC-4210 *** *** *** *** *** ***
4 4 4 4 4 20 40
Award of BACHELOR IN COMMERCE A student may exit this programme and awarded the degree, BACHELOR IN COMMERCE HONOURS (B.Com.-Hons.), after securing 163 credits from 8
Degree on HONOURS (B.Com.-Hons.) semesters WITH SUBMISSION OF Project Report / Dissertation. A student may admit to the B.Com.-Hons. with Research if he secured more than
Exit 8.5 CGPA in I to VI semester.
Total 94 32 9 8 12 6 2 163
VII 400 COM-CC-4110 COM-CC-4120 COM-CC-4130 COM-CC-4140 COM-MC-4110 *** *** *** *** *** *** ***
4 4 4 4 4 20
VIII 400 COM-CC-4210 *** *** *** COM-MC-4210 *** *** *** *** *** COM-RP-4210
4 4 12 20 40
Award of BACHELOR IN COMMERCE HONOURS WITH RESEARCH (B.Com.- A student may exit this programme and awarded the degree, BACHELOR IN COMMERCE HONOURS WITH RESERACH
Degree on Hons. with Research) (B.Com.-Hons. with Reserach), after securing 163 credits from 8 semesters with submission of Project Report /
Exit Dissertation. A student may admit to the B.Com.-Hons. with Research if he secured more than 8.5 CGPA in I to VI
semester.
Total 82 32 9 8 12 6 2 12 163
 Course Structure for the 3-Years B.Com. / 4-Year B.Com. (Hons.) /
4-Year B.Com. (Hons.) with Research under NEP-2020
First Year (I and II Semester)
Semester Course Couse Code Credit Title of the Paper
I Discipline Specific COM-CC-1110 4 Financial Accounting
Courses / Core
Courses
Minor Courses COM-MC-1110 4 Business Organisation and
Management

Inter- Disciplinary COM-MD-1110 3 Personal Finance and Planning

Courses

Ability Enhancement COM-AE-1110 4 ***

Courses

Skill Enhancement COM-SE-1110 4 Computerised Accounting - I

Courses

Common Value Added COM-VA-1110 2 Business Ethics and Human Values- I

Courses

Total Credit for Semester – I 21

II Discipline Specific COM-CC-1210 4 Cost Accounting
Courses / Core
Courses
Minor Courses COM-MC-1210 4 Business Economics

Inter- Disciplinary COM-MD-1210 3 Entrepreneurship Development

Courses

Ability Enhancement COM-AE-1210 4 ****

Courses
Skill Enhancement COM-SE-1210 4 Computerised Accounting - II
Courses
Common Value Added COM-VA-1210 2 Business Ethics and Human Values- II
Courses
Total Credit for Semester – I 21

2
COM-CC-1110 -Financial Accounting (Core Course – 1)
Credit: 04 (4 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 40 hours
Internal Assessment: 20 marks
End Semester Examination: 80 Marks
Total Marks: 100 Marks

Course Objective: To introduce the research scholars with details of Research Methodology
and its application during researches.

Course Outcome: The course structure of this paper would equip the students to get in-depth
knowledge of financial accounting along with its practical application
thereby giving an opportunity to gain easy access to this competitive
business world.

Module – 01: Theoretical Framework: Accounting as an information system, Users of

financial accounting information and their needs; Qualitative
characteristics of accounting information. Functions, advantages and
limitations of accounting; Branches of accounting; Bases of accounting:
cash basis and accrual basis; Financial accounting principles: Meaning and
need; Generally Accepted Accounting Principles; Concepts and
Convention, Accounting standards: Concept, Process of formulation of
Accounting Standards including Ind AS (IFRS converged standards) and
IFRSs; Convergence vs Adoption; Application of accounting standards
(AS and Ind AS) on various entities in India. International Financial
Accounting Standards (IFRS) – meaning, need and scope; Process of
issuing IFRS; Accounting Process - From recording of business
transaction to preparation of trial balance including adjustments;
Application of Generally Accepted Accounting Principles.

Module – 02: Computerized Accounting Systems: Computerized Accounting Systems:

Computerized Accounts by using contemporary accounting software
Creating a Company; Configure and Features settings; Creating
Accounting Ledgers and Groups; Creating Stock Items and Groups;
Vouchers Entry; Generating Reports - Cash Book, Ledger Accounts, Trial
Balance, Profit and Loss Account, Balance Sheet, Cash Flow Statement.
Selecting and shutting a Company; Backup, and Restore data of a
Company.

Module – 03: Business Income, Accounting for Depreciation, and Inventory

Valuation: Business income: Concept of Revenue and Business Income,
Measurement of business income; relevance of accounting period,
continuity doctrine and matching concept in the measurement of business

3
 income; Objectives of measurement of Business income; Revenue
recognition: Recognition of expenses and income, Recognition of
expenses and income with a reference to AS 9 and Ind AS 18; Nature of
Depreciation; Accounting concept of depreciation. Factors in the
measurement of depreciation; Methods of computing depreciation: straight
line method and diminishing balance method; Disposal of depreciable
assets; change in method of Depreciation and its impact of on
measurement of business income; Inventories: Meaning. Significance of
inventory valuation; Inventory Record Systems: periodic and perpetual.
Methods of computing depreciation; Application of Accounting Standard
in valuation of Inventory; Impact of inventory valuation on measurement
of business income.

Module – 04: Financial Statements of Sole Proprietorship and Partnership Firms:

Capital and revenue expenditures and receipts: general introduction only.
Preparation of financial statements of non-corporate business entities -
Sole Proprietorship and Partnership firms (both manual and using
appropriate software).

Module – 05: Accounting for Branch & Not-for Profit Organizations: Accounting
for Branch: Concept of Dependent branches; Branch Accounting - debtors
system, stock and debtors• system, branch final account system and
wholesale basis system; Independent branches: concept, accounting
treatment with necessary adjustment entries; Incorporation of Branch Trial
Balance in Head Office Books for home branches; Accounting for Not-
for-Profit Organizations- Meaning of Not-for-Profit Organisation;
Significance of Receipt and Payment Account, Income and Expenditure -
Account and Balance Sheet; Difference between Profit and Loss Account
and Income and Expenditure Account; Preparation of Receipt and
Payment Account, Income and Expenditure Account and Balance Sheet.

Note:
a. The relevant Accounting Standards (both AS Ind AS) for all of the above topics
should be covered.
b. Any revision of relevant Indian Accounting Standard/Accounting Standard would
become applicable.

Module Weightage of marks Theory Practical / Numerical

Module – 01 20% ✔
Module – 02 20% ✔ ✔
Module – 03 20% ✔ ✔
Module – 04 20% ✔ ✔
Module – 05 20% ✔ ✔

4
Practical Exercises:

The students are required to:

1. Download ‚Framework for the Preparation and Presentation of Financial Statements•
from the websites of the Institute of Chartered Accountants of India (ICAI) analyze the
qualitative characteristics of accounting information provided therein.
2. Collect and examine the balance sheets of business Organisations to study how these are
prepared.
3. Examine the accounting policies and revenue recognition policies by collecting necessary
data from small business firms.
4. Prepare Trading and Profit & Loss Account and Balance Sheet collecting necessary data
from small business firms.
5. Prepare financial statements manually and using appropriate software.
6. Prepare accounts of Inland Branches.
7. Collect data from your college and prepare Receipt and Payment Account, Income and
Expenditure Account and Balance Sheet.

Important Books to follow:

1. Jain, S. P. and K. L. Narang. Financial Accounting, Kalyani Publishers, New Delhi
2. Maheshwari, S. N., Maheshwari, S. K., & Maheshwari, S. K. (2018). Financial Accounting.
New Delhi: Vikas Publishing House Pvt. Ltd.
3. P. C. Tulsiani, Financial Accounting, Pearson Publication
4. Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2016). Advanced Accounts. Vol.-I. New Delhi:
Sultan Chand Publishing.

References:
5. Anil Kumar and Mariappa, Text Book of Financial Accounting- Himalaya Publishing House
6. Anthony, R.N. Hawkins, and Merchant, Accounting: Text and Cases. McGraw-Hill.
7. Bal Ranjan Kumar, Financial Accounting – S. Chand
8. Bansal. K. M- Financial Accounting – Taxman Publication
9. Dam, B. B., & Gautam, H. C. (2019). Financial Accounting. Guwahati: Gayatri Publications.
10. Horngren, Introduction to Financial Accounting, Pearson Education.
11. Monga, J. R. (2017). Financial Accounting: Concepts and Applications. New Delhi: Mayur
Paperback Publishing.
12. Mukherjee: Financial Accounting I and Financial Accounting II, Oxford University Press
13. N. Godwin and D. Sanyal, Financial ACCT, Cengage Learning
14. R. K. Mittal, M. R. Bansal, Financial Accounting, V. K Global Publication.
15. The Institute of Chartered Accountants of India, New Delhi- Compendium of Statements and
Standards of Accounting.
16. Nadhani, Ashok K, Tally ERP 9 Training Guide, BPB Publications
17. Tally ERP 9 book advanced user, Swayam Publication (www.tallyerp9book.com)

Note: Students are advised to use latest edition of text books.

5
COM-MC-1110– BUSINESS ORGANISATION AND
MANAGEMENT (Minor Course – 1)
Credit: 04 (4 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 40 hours
Internal Assessment: 20 marks
End Semester Examination: 80 Marks
Total Marks: 100 Marks

Course Objective: To acquaint students with the basics of Business concepts and functions,
forms of Business Organisation and functions of Management.

Course Outcome: Students would be able to make use of different management principles in
the course of decision making in different forms of business organizations.

Module – 01: Concept and Forms of Business Organizations: Concepts of Business,

Trade, Industry and Commerce- Objectives and functions of Business–
Forms of Business Organization- Meaning, Characteristics, Advantages
and Disadvantages of Sole Proprietorship; Meaning, Characteristics,
Advantages & Disadvantages of Partnership; Kinds of Partners,
Partnership Deed, Concept of Limited liability partnership; Meaning,
Characteristics, Advantages and Disadvantages of Hindu Undivided
Family; Meaning, Advantages and Disadvantages of Co-operative
Organization; Social Responsibility, Responsible Business and Ethical
Conduct & Values..

Module – 02: Joint Stock Company: Joint Stock Company- Meaning, Definition,
Characteristics, Advantages and Disadvantages; Code of Business Ethics;
Kinds of Companies; Promotion; Stages of Promotion; Promoter-
Characteristics & Kinds; Preparation of Important Documents;
Memorandum of Association- Clauses; Articles of Association &
Contents; Prospectus- Contents; Red herring Prospectus; Statement In lieu
of Prospectus (as per Companies Act, 2013).

Module – 03: Principles and Functions of Management: Management - Meaning -

Characteristics - Fayol•s 14 Principles of Management. Functions of
Management - Levels of Management – Skills of Management- Scientific
Management - meaning, objectives, relevance and criticism.

Module – 04: Planning and Organizing: Planning -Meaning, Characteristics, Types of

Plans, Advantages and Disadvantages, Approaches to Planning,
Management by Objectives (MBO) - Steps in MBO, Benefits and
Weaknesses; Organizing - Process, Principles of Organisation, Formal and
Informal Organisations, Line Organisations, Staff Organisations, Line and
Staff Conflicts. Functional Organisation; Span of Management – Meaning,
Determining Span, Factors influencing the Span of Supervision.
6
Module – 05: Authority, Coordination and Control: Meaning of Authority, Power,
Responsibility and Accountability; Delegation of Authority;
Decentralization of Authority - Definition, Importance, Process; Principles
of Coordination and techniques of Effective Coordination; Control-
Meaning, Relationship between planning and control, Steps in Control;
Requirements for effective control.

Module Weightage of marks Theory Practical / Numerical

Module – 01 25% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 15% ✔ ✔
Module – 04 20% ✔ ✔
Module – 05 20% ✔ ✔

Practical Exercises:

The students are required to:

1. Complete the exercise wherein they are given different situations and scenarios to start
their own business (in terms of capital, liability, scale of operations, etc.) and are asked to
select the most suitable form of business and justify the same highlighting the advantages
and disadvantages of their choice.
2. Prepare the Article of Association & Memorandum of Association/rules and
regulations/bye laws for the form of business organisation chosen in Module 1.
3. Participate in role play activity for describing the various levels of Management & ways
the 14 Principles of Mgt. are used in defining the policies of the chosen organisation.
4. Participate in simulation activity wherein each learner is asked to prepare plans with
respect to increasing the effectiveness in their respective organisation.
5. Participate in simulation activity wherein students are asked to draft roles and
responsibilities of members in the chosen organisation.

Important Books to follow:

1. Gupta, C. B. (2011). Modern Business Organization. New Delhi: Mayur Paperbacks.
2. Koontz, H., & Weihrich, H., Essentials of Management. New York: McGraw Hill.
3. Prasad, L.M. Principles and Practice of Management, Sulatan Chand
4. S K Jena and SK Das, Business Management, Kalyani Publication, New Delhi

References:
5. Basu, C. R. (1998). Business Organization and Management, McGraw Hill
6. Griffin, R.W. – Management :Principles & Practices, Cengage Learning
7. Gupta R.N - Principles & Practice of Management – S. Chand
8. Kaul, V. K., Business Organization and Management, Text and Cases. Pearson.
9. Pany Tushar K , Management Principles and Application, Kalyani
10. R. K . Singhal, Management Principle and application, V.K. Global Pub. Pvt. Ltd,.
11. Sharma and Gupta , Management: Principles and application , Kalyani Publishers
12. Singh, B. P., & Singh, A. K. (2002). Essentials of Management. Excel Books.
Note: Students are advised to use latest edition of text books.

7
COM-MD-1110– PERSONAL FINANCE & PLANNING
(Multi-Disciplinary Course – 1)
Credit: 03 (3 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 30 hours
Internal Assessment: 20 marks
End Semester Examination: 80 marks
Total Marks: 100 Marks

Course Objective: The course aims to familiarize students with different aspects of financial
planning like savings, investment, taxation, insurance, and retirement
planning and to develop the necessary knowledge and skills for effective
financial planning.

Course Outcome: After completion of the course, students will be able to explain the
meaning and appreciate the relevance of Financial Planning; familiarize
with regard to the concept of Investment Planning and its methods;
examine the scope and ways of Personal Tax Planning; analyse Insurance
Planning and its relevance; and develop an insight in to retirement
planning and its relevance.

Module – 01: Introduction to Financial Planning: Financial goals, Time value of

money, steps in financial planning, personal finance/loans, education loan,
car loan & home loan schemes. Introduction to savings, benefits of
savings, management of spending & financial discipline, Net banking and
UPI, digital wallets, security and precautions against Ponzi schemes and
online frauds such as phishing, credit card cloning, skimming.

Module – 02: Investment & Retirement Planning: Process and objectives of

investment, Concept and measurement of return & risk for various assets
class, Portfolio, Gold Bond; Real estate; Investment in Greenfield and
brownfield Projects; Investment in fixed income instruments. Mutual fund
schemes including SIP; International investment avenues. Retirement
Benefits, Retirement Planning Goals, Process of retirement planning,
Pension plans available in India, Reverse mortgage, Old and National
Pension Scheme

Module – 03: Personal Tax Planning: Tax Structure in India for personal taxation,
Scope of Personal tax planning, Exemptions and deductions available to
individuals under different heads of income and gross total income,
Special provision u/s 115BAC vis-à-vis General provisions of the Income-
tax Act, 1961; Tax avoidance versus tax evasion.

Module – 04: Insurance Planning: Need for Protection planning. Risk of mortality,
health, disability and property; Importance of Insurance: life and non-life
insurance schemes. Deductions available under the Income-tax Act for
premium paid for different policies.
8
Module Weightage of marks Theory Practical / Numerical
Module – 01 25% ✔ ✔
Module – 02 25% ✔ ✔
Module – 03 25% ✔ ✔
Module – 04 25% ✔ ✔

Practical Exercises:

The students are required to:

1. Perform electronic fund transfer though net-banking and UPI.
2. Identify certain Ponzi schemes in the market during last few selected years.
3. Prepare tax planning of a hypothetical individual.

Important Books to follow:

References:

1. Indian Institute of Banking & Finance. (2017). Introduction to Financial Planning. New
Delhi: Taxmann Publication.
2. Pandit, A. (2014). The Only Financial Planning Book that You Will Ever Need. Mumbai:
Network 18 Publications Ltd.
3. Sinha, M. (2008). Financial Planning: A Ready Reckoner. New York: McGraw Hill
Education.
4. Halan, M. (2018). Let•s Talk Money: You’ve Worked Hard for It, Now Make It Work for
You. New York: HarperCollins Publishers.
5. Tripathi, V. (2017). Fundamentals of Investment. New Delhi: Taxmann Publication.

Note: Latest edition of text books may be used.

9
COM-SE-1210 – COMPUTERISED ACCOUNTING-II
(Skill Enhancement Courses-1)
Credit: 04 (2 Lectures + 0 Tutorial + 2 Practical)
Total Credit Hour: 20 hours (Theory) + 40 hours (Practical)
Internal Assessment: 20 marks
End Semester Examination: 80 marks (40 marks theory + 40 marks Practical)
Total Marks: 100 Marks

Course Objective: The course aims to provide an overview to help students to acquire
knowledge on various aspects of accounting and preparation of
accounting information through software.

Course Outcome: After completion of the course, students will be able to acquire knowledge
on various aspects of accounting and preparation of accounting
information through software.

Module – 01: Book-Keeping: Distinction between Accounting and Book-Keeping,

Objective and Advantages of Accounting; Branches of Accounting; Basis
of Accounting; Accounting as a Source of Accounting Information;
Interested Users of Accounting Information.

Module – 02: Accounting: Accounting Concepts and Conventions; Voucher, Types of

Vouchers, Accounting Equation, Concept of Debit and Credit; Rules of
Debit and Credit; Concept and Advantages of Double Entry System
Journal-Concept, Types and Format; Subsidiary Book-Concept and Types;
Concept of Account with format, Ledger, Posting and Balancing.

Module – 03: Trial Balance and Final Accounts: Bank Reconciliation Statement,
journal entries, Trial Balance: concept, objectives, format and methods of
preparation, Final Accounts and adjustments.

Module – 04: Contemporary Accounting Packages: Features of Contemporary

Accounting Packages, getting functional with Contemporary Accounting
Packages: Startup/ Graphical User Interface/ Operations/ Screen
Components- mouse/ keyboard convention- clock-switching between
screen areas-quitting; Setting up of a Company, Opening new company,
Safety of Accounts or Password, Characteristics Features, Configure:
master configuration-voucher configuration. (for example: Tally, Wings
etc.)

Module – 05: Application of Accounting Software: Accounts books (Journal, Ledger,

and Cash Book), Preparation of Trail Balance, Preparation of Balance
Sheet and profit & loss account Contemporary Accounting Packages,

10
 Accounting of inventory Contemporary Accounting Packages, Reports -
Types-Draft & accounting reports.

Module Weightage of marks Theory Practical / Numerical

Module – 01 20% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 20% ✔ ✔
Module – 04 20% ✔ ✔
Module – 05 20% ✔ ✔

Practical Exercises:

The students are required to:

1. Collect &examine balance sheets of Organizations to study how these are prepared.
2. Examine the accounting policies and revenue recognition policies by collecting necessary
data from small business firms.
3. Prepare Trading and &L Account & Balance Sheet for small business firms.
4. Prepare financial statements manually and using appropriate software.
5. Prepare accounts of Inland Branches.
6. Collect data from your college and prepare Receipt and Payment Account, Income and
Expenditure Account and Balance Sheet.

Important Books to follow:

1. Jain, S. P. and K. L. Narang. Financial Accounting, Kalyani Publishers, New Delhi
2. Maheshwari, S. N., Maheshwari, S. K., & Maheshwari, S. K. (2018). Financial
Accounting. New Delhi: Vikas Publishing House Pvt. Ltd.
3. P. C. Tulsiani, Financial Accounting, Pearson Publication
4. Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2016). Advanced Accounts. Vol.-I. New
Delhi: Sultan Chand Publishing.
5. Tally ERP 9 book advanced user, Swayam Publication (www.tallyerp9book.com)

References:
6. Anthony, R.N. Hawkins, and Merchant, Accounting: Text and Cases. McGraw-Hill.
7. Bal Ranjan Kumar, Financial Accounting – S. Chand
8. Bansal. K. M- Financial Accounting – Taxman Publication
9. Dam, BB & Gautam, HC (2019). Financial Accounting. Guwahati: Gayatri Publications.
10. Horngren, Introduction to Financial Accounting, Pearson Education.
11. N. Godwin and D. Sanyal, Financial ACCT, Cengage Learning
12. Nadhani, Ashok K, Tally ERP 9 Training Guide, BPB Publications
13. R. K. Mittal, M. R. Bansal, Financial Accounting, V. K Global Publication.
14. The Institute of Chartered Accountants of India, New Delhi- Compendium of Statements
and Standards of Accounting.
Note: Students are advised to use latest edition of text books.

11
COM-VA-1110– BUSINESS ETHICS AND HUMAN VALUES- I
(Common Value Added Courses- 1)
Credit: 02 (2 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 20 hours
Internal Assessment: 10 marks
End Semester Examination: 40 marks
Total Marks: 50 Marks

Course Objective: The course aims to develop in students an understanding of the concept of
Business Ethics & Human Values and its application in business decision
making using sustainable business practices.

Course Outcome: After completion of the course, students will be able to design code of
ethics for an organisation; discuss ethical performance of an
organisation; describe and distinguish between various types of values;
discuss issues related to whistle blowing and other moral issues; and
measure the level of participation of select companies/organisations
related to social responsibility.

Module – 01: Introduction: Business Ethics: Meaning, Importance; Business Ethics in

Different Organisational contexts; Sustainability: A Goal for Business
Ethics; Approaches and Practices of Business Ethics; Ethical Decision
Making and Decision- Making Process, Relevance of Ethics and Values in
Business; Codes of Ethics; Ethical Behaviour of Manager. Ethical
theories: Normative and descriptive ethical theories.

Module – 02: Business Ethics Management: Management process and ethics, Ethos of
Vedanta in management, Hierarchism as an organisational value, Business
Ethics & Cultural Ethos; role of various agencies in ensuring ethics in
corporation; Setting standards of ethical Behaviour; Managing stakeholder
relations; Assessing ethical performance; Organizing for Business Ethics
Management.

Module – 03: Human Values: Meaning of Human Values; Formation of Values:

Socialization; Types of Values: Societal Values, Aesthetic Values,
Organisational Values, Spiritual Values;

Module Weightage of marks Theory Practical / Numerical

Module – 01 20% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 10% ✔ ✔

12
Practical Exercises:

The students are required to:

1. Participate in discussion of decision-making situations by presenting scenarios;

2. Design code of ethics for a selected organisation.
3. Assess ethical performance of a selected organisation.
4. Prepare a questionnaire to measure the importance of different types of values.
5. Analyze, interpret and present key learnings of the case study on Whistle Blowing-
Infosys Case.
6. Measure the level of participation of a select company/organisation/group of individuals
regarding Social Responsibility.

Important Books to Follow:

1. Banerjee, S. B. (2007). Corporate Social Responsibility: The Good, The Bad and The
Ugly. Cheltenham: Edward Elgar Publishing.
2. Kumar, S. (2010). Corporate Governance. Oxford, England: Oxford University Press.
3. Monks, R. A. G., & Minow, N. (2011). Corporate Governance, New Jersey: John Wiley
and Sons.

References:

1. Sherlekar, S. A. (2009). Ethics in Management. New Delhi: Himalaya Publishing House.

2. Werther, W. B., & Chandler, D. B. (2011). Strategic corporate social responsibility.
California: Sage Publications Inc.

Note: Students are advised to use latest edition of text books.

13
COM-CC-1210 – COST ACCOUNTING
(Core Courses-2)
Credit: 04 (4 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 40 hours
Internal Assessment: 20 marks
End Semester Examination: 80 marks
Total Marks: 100 Marks

Course Objective: The course aims to develop understanding among students about
contemporary cost concept and rational approach towards cost systems
and cost ascertainment. The course also aims to provide knowledge about
various methods of cost determination under specific situations and to
acquire the ability to use information determined through cost accounting
for decision making purpose.

Course Outcome: After completion of the course, students will be able to determine various
types of cost of production; compute unit cost and total cost of production
and prepare cost statement; compute employee cost, employee
productivity and employee turnover; determine cost under job costing,
batch costing, process costing, contract costing and service costing; and
apply activity-based costing for cost determination.

Module – 01: Concept and Nature of Cost Accounting: Concept of cost and costing,
Importance and features of costing, Cost classification, Cost unit and cost
center, Ideal cost accounting system, Cost Reduction, Cost Control,
Installation of Costing System, Preparation of Cost Sheet; Material Cost:
Direct and indirect material, Valuation of materials, Principles of
valuation of material as per AS- 2/ Ind AS- 2; CAS- VI, Material control,
Purchases, Objectives and functions of purchase department, Inventory
control: Meaning and techniques including latest techniques like Just in
Time (JIT) Inventory Management, Kanban, Kaizen, Determination of
Economic Order Quantity (EOQ); Treatment of Waste, Scrap, Spoilage,
Defective and Obsolesce.

Module – 02: Employee Cost and Overheads: Meaning and classification of employee
cost, Requisite of a good wage and incentive system, Time and piece rate
plans, Profit sharing, Employee productivity and cost. Labor cost control –
techniques, Employee turnover, Remuneration and Incentive schemes
(Rowan & Halsey Plan only). Overheads: Definition and classification,
Production overheads – allocation and apportionment of cost, Meaning
and Methods of cost absorption, Treatment of over- absorption & under-
absorption of overheads, Administration and selling & distribution
overheads – methods of ascertainment, Treatment of Research &
Development cost in Cost Accounting.

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Module – 03: Methods of Costing: Job Costing, Batch Costing and Process Costing:
Meaning of Job Cost, its application and accounting, Preparation of Job
cost sheet; Meaning of Batch Cost and its application; Meaning and
application of process costing, Methods of determination of cost in
process costing, Normal and abnormal loss and gain, Inter process costing
and profit ascertainment. Choice between process and job costing.

Module – 04: Methods of Costing: Contract Costing, Service Costing: Meaning,

features and types of contract, Methods of cost determination in contract
costing, Escalation clause and cost-plus contract; Meaning and scope of
service costing, Factors in ascertaining service cost, Ascertainment of
service cost.

Module – 05: Activity Costing: Activity Based Costing (ABC) - Concept, significance
and salient features; Stages and flow of costs in ABC; Basic components
of ABC– resource and cost drivers; Application of ABC.

Module Weightage of marks Theory Practical / Numerical

Module – 01 20% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 20% ✔ ✔
Module – 04 20% ✔ ✔
Module – 05 20% ✔

Practical Exercises:

The students are required to:

1. Prepare a cost statement for manufacturing and/ or service organisation.
2. Identify the items to be included and excluded in the cost system.
3. Apply different price determination methods to assess sales price.
4. Prepare a cost statement for different processes and suggest ideal cost system.
5. Calculate impact of material consumption, usage and wastages on total material cost.
6. Prepare of different format of acquisition of material and storage; and total labour cost.
7. Suggest suitable cost system for different types of services organisation.
8. Analyze Research& Development cost in pharmaceutical &similar industry.
9. Visit industries to understand process costing, ABC concept.

Important Books to follow:

1. Banarjee, B. (2014). Cost Accounting – Theory and Practice. PHI Learning Pvt. Ltd.
2. Kishor, R. M. (2019). Taxman•s Cost Accounting. Taxmann, New Delhi.
3. Lal, J., & Srivastava, S. (2013). Cost Accounting. New Delhi: McGraw Hill
4. Mowen, M. M., & Hansen, D. R. (2005). Cost Management. Stanford: Thomson.
5. Study Material of CA Intermediate Level Paper 3: Cost and Management Accounting.

Note: Students are advised to use latest edition of text books.

15
COM-MC-1210 – BUSINESS ECONOMICS
(Minor Courses-2)
Credit: 04 (4 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 60 hours
Internal Assessment: 20 marks
End Semester Examination: 80 Marks
Total Marks: 100 Marks

Course Objective: To acquaint students with the basics of Business concepts and functions,
forms of Business Organisation and functions of Management.

Course Outcome: The students would be able to apply tools of micro-economics, consumer
behaviour and firm theory to business situations.

Module – 01: Basic Concepts: Meaning, Nature and Scope of Business Economics,
Basic Problems of an Economy and Application of Economic Theories in
Decision Making, Steps in Decision Making.

Module – 02: Consumer Behaviour and Elasticity of Demand: Theory of Demand

and supply, Elasticity of demand – Concept, Kinds- price, cross, income
and advertising elasticity of demand; Measurement of elasticity of
demand, Factors influencing the elasticity of demand, Importance of
elasticity of demand; Demand forecasting: Meaning, Need, Importance,
Methods of demand forecasting; Cardinal Utility Analysis: Diminishing
Marginal utility and Equi-marginal Utility Ordinal utility analysis of
consumer Behaviour: budget line and indifference curve, consumer
equilibrium; Income consumption curve and Engle curve, Price
Consumption curve and derivation of demand curve, Income and
Substitution; Effect of a price change; Consumer Surplus; Revealed
Preference theory.

Module – 03: Production and Cost: Production Function – Concept Definition, Types
of products, Law of variable proportions, Assumptions, Limitations and
Significance. Isoquant curves, Definition, General properties of isoquant
curves, Marginal rate of technical substitution, Economic region of
production, Iso-cost lines, optimal combination of resources, the
expansion path, returns to scale; Cost of production: Concept of explicit
costs, implicit costs and opportunity costs of production, Derivation of
short run and long run cost curves. Economies and Diseconomies of scale
and the shape to the long run average cost.

Module – 04: Pricing & Market: Theory of pricing- cost plus pricing, Target pricing,
Marginal cost pricing, Going rate pricing; Objective of business firm,
Concept of Market, classification of market-perfect competition,

16
 monopoly, Monopolistic competition and Oligopoly. Price determination
and equilibrium of firm in different market situations; Factor pricing.

Module – 05: Macro Aspect of Business Economics: National Income and it•s
measurement, Gross National Product, Net National Product, Net National
Income; Business Cycle phases and causes; Inflation and Deflation;
Consumption, Income, Savings and investment.

Module Weightage of marks Theory Practical / Numerical

Module – 01 15% ✔
Module – 02 25% ✔ ✔
Module – 03 25% ✔ ✔
Module – 04 20% ✔ ✔
Module – 05 15% ✔

Practical Exercises:

The students are required to:

1. Apply concept of demand analysis in real life;
2. Study various effects in changes in demand and supply in consumption;
3. Visit local markets and classify firms into various markets;
4. Visit any industrial unit and study its production process;
5. Prepare a production schedule for a hypothetical product under and particular condition
of demand supply;
6. Visit any industrial unit and classify its cost into fixed and variable costs;
7. Analyze the effects of changes in demand and supply on pricing policies.

Important Books to follow:

1. Adhikari, M. (2000). Business Economics. New Delhi: Excel Books.
2. Ahuja, H. L. (2019). Theory of Micro Economics. New Delhi: Sultan Chand Pub. House.
3. K C Dash, Micro Economics- Himalaya Publishing House
4. N. Gregory Mankiw, Principles of Micro Economics, Cengage Learning
5. Relevant study material of ICAI: www.icai.org.

Reference Books:
6. Browining, E.K. and J.M. Browning; Microeconomic Theory and Applications, Kalyani
Publishers, New Delhi.
7. Chaturvedi, D. D., & Gupta, S. L. (2010). Business Economics Theory & Applications.
New Delhi: International Book House Pvt. Ltd.
8. Das & Sengupta, Microeconomics I and Statistics: Oxford University Press
9. Dwivedi, D.N. Micro Economics, Vikash Publication
10. Kennedy, M. J. (2010). Micro Economics. Mumbai: Himalaya Publishing House.
11. Koutsoyannis, A. (1975). Modern Microeconomics. London: Palgrave Macmillan.
12. Maddala G. S. and E. Miller; Microeconomics: Theory and Applications, McGraw-Hill.
13. Mehta P. K, Singh M. – Micro Economics – Taxmann Publication
14. Pindyck, R. S., D. L. Rubinfeld and P. L. Mehta; Microeconomics, Pearson Education.
Note: Students are advised to use latest edition of text books.

17
COM-MD-1210 – ENTREPRENEURSHIP DEVELOPMENT
(Inter- Disciplinary Courses-2)
Credit: 03 (3 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 60 hours
Internal Assessment: 20 marks
End Semester Examination: 80 marks
Total Marks: 100 Marks

Course Objective: The course aims to equip the learners to entrepreneurship so that they are
inspired to look at entrepreneurship as a viable, lucrative, and preferred
option of professional life.

Course Outcome: After completion of the course, students will be able to discern distinct
entrepreneurial traits; identify the parameters to assess opportunities and
constraints for new business ideas; develop a business idea by adopting
systematic process; design strategies for successful implementation of
ideas; and create a business plan.

Module – 01: Introduction: Meaning, elements, determinants and importance of

entrepreneurship and creative Behaviour; Entrepreneurship and creative
response to the society• problems and at work; Types of entrepreneurship.

Module – 02: Entrepreneurship in India: Concept of business houses and role of

business houses and family business in India; The contemporary role
models in Indian business: their values, business philosophy and
behavioural orientations; Conflict in family business and its resolution.
Initiatives of Government of India to promote entrepreneurship - Start Up
India, Stand Up India, Make in India, etc. Life stories of successful
entrepreneurs in India and Arunachal Pradesh.

Module – 03: Entrepreneurship Ecosystem: Requirement, availability and access to

finance, marketing assistance, technology, and industrial accommodation,
Role of government, Institutions, industries/ entrepreneur•s associations
and self-help groups, Concept, role and functions of business incubators,
angel investors, venture capital, start-up finance and private equity fund.

Module – 04: Sources of business ideas and tests of feasibility: Significance of writing
the business plan/ project proposal including feasibility analysis; Contents
of business plan/ project proposal; Designing business processes, location,
layout, operation, planning & control; preparation of Project Report
(various aspects of the project report such as size of investment, nature of
product, sourcing of material, market potential may be covered); Project

18
 submission/ presentation and appraisal thereof by external agencies, such
as financial/non-financial institutions.

Module Weightage of marks Theory Practical / Numerical

Module – 01 25% ✔
Module – 02 25% ✔ ✔
Module – 03 25% ✔
Module – 04 25% ✔ ✔

Practical Exercises:

The learners are required to:

1. Discuss various cases of entrepreneurship and distinguish between different
entrepreneurial traits.
2. Analyze and interpret case study on business philosophy at Tata Group, Aditya Birla
Group, Reliance Industries Limited, and similar organisations.
3. Analyze and present the key initiatives of Government of India for promoting
entrepreneurship in the country for any one business area.
4. Develop a business idea and conduct a feasibility analysis of the same.
5. Participate in Business Plan Competition-designing a business plan proposal and
identifying alternative sources of raising finance for start-up.
6. Preparation of a project report for a start-up or for revival of sick units or developing
horizontal and vertical growth.

Important Books to follow:

1. Desai, V. (2009). Dynamics of Entrepreneurial Development and Management. Mumbai:
Himalaya Publishing House.
2. Rao, T. V., & Kuratko, D. F. (2012). Entrepreneurship: A South Asian Perspective.
Boston: Cengage Learning.

References:

3. Dollinger, M. J. (2008). Entrepreneurship: Strategies and Resources. New Jersey:

Prentice Hall. Hisrich, R., Peters, M., & Shepherd, D. (2017). Entrepreneurship. New
York: McGraw Hill Education.
4. Rao, T. V., & Kuratko, D. F. (2012). Entrepreneurship: A South Asian Perspective.
Boston: Cengage Learning.

Note: Learners are advised to use latest edition of text books.

19
COM-SE-1210 –COMPUTERISED ACCOUNTING -II
(Skill Enhancement Courses-1)
Credit: 04 (3 Lectures + 0 Tutorial + 1 Practical)
Total Credit Hour: 30 hours (Theory) + 20 hours (Practical)
Internal Assessment: 20 marks
End Semester Examination: 80 marks (Theory)
Total Marks: 100 Marks

Course Objective: The course aims to provide understanding about salient features of GST
law and implications of its various provisions for different classes of
suppliers. It also aims to provide an understanding of compliances and
procedures laid down in GST law and to provide the understanding about
significant provisions of the customs law.

Course Outcome: After completion of the course, students will be able to Explain concept,
need, and utility of indirect taxes and understand and analyse the taxable
event, i.e., supply under GST; describe the provisions relating to levy of
GST; identify exemptions for different types of goods and services and
examine the various provisions of input tax credit; analyze provisions
regarding penalties and interest and to prepare and file GST return on-
line; and understand the significant provisions of the customs law..

Module – 01: Basic Concepts: Concept and features of Indirect Taxes, Difference
between Direct and Indirect Taxes, Concept of GST, Relevant Definitions
under GST law, Constitutional aspects of GST. GST Council:
Constitution, Structure and functioning.

Module – 02: Concept of supply and levy of GST: Concept of supply including
composite and mixed supply, Place, Time and Value of taxable supply,
Significance of consideration.

Module – 03: Levy of GST: Basis of Charge of GST, Inter-State Supply, Intra-state
supply, GST rates notified for supply of various goods and services,
Reverse charge mechanism, Composition levy, Exemptions from GST,
Power to grant exemptions, Exempted goods under exemption
notifications, Exempted services under exemption notifications, Input tax
credit.

Module – 04: Procedures under GST: Registration under GST law, Tax invoice credit
and debit notes, Different GST returns, Electronic liability Ledger,
Electronic credit Ledger, Electronic cash ledger, Different assessment
under GST, Interest applicable under GST (Period), Penalty under GST,

20
 Various provisions regarding e-way bill in GST, Mechanism of Tax
Deducted at Source (TDS) and tax collected at source (TCS), Audit under
GST.

Module – 05: GST through Tally: GST compliances through Tally 9.0 ERP

Module Weightage of marks Theory Practical / Numerical

Module – 01 15% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 20% ✔ ✔
Module – 04 25% ✔ ✔
Module – 05 20% ✔ ✔

Practical Exercise:

Students are required to:

1. Fill up online application for registration under GST for hypothetical firm.
2. Fill up online various forms of GST Returns for hypothetical firm.
3. Prepare e-Way bill for hypothetical firm.
4. Practical problems on computation of input tax under reverse charge for hypothetical
firm.
5. Practical problems on payment of tax and interest, if any, for hypothetical firm.

Important Books to follow:

1. Singhania, V. K., & Singhania, K. (2020). Direct Taxes: Law & Practice. New Delhi:
Taxmann Publication.
2. Ahuja, G., & Gupta, R. (2020). Direct Taxes Ready Reckoner. New Delhi: Wolters
Kluwer India Private Limited.

References:

3. Singhania, V. K., & Singhania, K. (2020). Direct Taxes: Law & Practice. New Delhi:
Taxmann Publication.
4. The ICAI Study Material for Final Course Group-II, Paper-8: Indirect Tax Laws [Module
1, 2, 3 and 4]

Note: Students are advised to use latest edition of text books.

21
COM-VA-1210– BUSINESS ETHICS AND HUMAN VALUES- II
(Common Value Added Courses- 2)
Credit: 02 (2 Lectures + 0 Tutorial + 0 Practical)
Total Credit Hour: 20 hours
Internal Assessment: 10 marks
End Semester Examination: 40 marks
Total Marks: 50 Marks

Course Objective: The course aims to develop in students an understanding of the concept of
Business Ethics & Human Values and its application in business decision
making using sustainable business practices.

Course Outcome: After completion of the course, students will be able to design code of
ethics for an organisation; discuss ethical performance of an
organisation; describe and distinguish between various types of values;
discuss issues related to whistle blowing and other moral issues; and
measure the level of participation of select companies/organisations
related to social responsibility.

Module – 01: Management and Human Values: Value Crisis in Management; concept
of knowledge management and wisdom management, wisdom-based
management. Concept of Karma and its kinds: Karma Yoga, Nishkam
Karma, and Sakam Karma.

Module – 02: Moral Issues in Business: Implications of moral issues in different

functional areas of business (finance, HR, and marketing). Whistle
blowing; Marketing truth and advertising: Manipulation and coercion,
Allocation of moral responsibility in advertising; Trade secrets, Corporate
disclosure, Insider trading; Equal employment opportunity, Affirmative
action, Preferential hiring; Consumerism; Environmental protection.

Module – 03: Corporate Social Responsibility (CSR): Concept of CSR, Corporate

Philanthropy, Strategic Planning and Corporate Social Responsibility;
Relationship of CSR with Corporate Sustainability; CSR and Business
Ethics, CSR and Corporate Governance; CSR provisions under the
Companies Act 2013; CSR Committee; CSR Models, Codes, and
Standards on CSR. ISO 26000 Social Responsibility- definition,
principles, scope, benefits, certification.

Module Weightage of marks Theory Practical / Numerical

22
Module – 01 10% ✔ ✔
Module – 02 20% ✔ ✔
Module – 03 20% ✔ ✔
Practical Exercises:

The students are required to:

1. Participate in discussion of decision-making situations by presenting scenarios;

2. Design code of ethics for a selected organisation.
3. Assess ethical performance of a selected organisation.
4. Prepare a questionnaire to measure the importance of different types of values.
5. Analyze, interpret and present key learnings of the case study on Whistle Blowing-
Infosys Case.
6. Measure the level of participation of a select company/organisation/group of individuals
regarding Social Responsibility.

Important Books to follow:

1. Banerjee, S. B. (2007). Corporate Social Responsibility: The Good, The Bad and The
Ugly. Cheltenham: Edward Elgar Publishing.
2. Sherlekar, S. A. (2009). Ethics in Management. New Delhi: Himalaya Publishing House.

References:
3. Kumar, S. (2010). Corporate Governance. Oxford, England: Oxford University Press.
4. Monks, R. A. G., & Minow, N. (2011). Corporate Governance, New Jersey: John Wiley
and Sons.
5. Werther, W. B., & Chandler, D. B. (2011). Strategic corporate social responsibility.
California: Sage Publications Inc.

Note: Students are advised to use latest edition of text books.

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