0
RULES, REGULATION & COURSE CONTENTS
OF
MASTER OF COMMERCE (M.Com)
(Under semester system)
(Effective from the Academic Session 2014-15)
P. G. DEPARTMENT OF BUSINESS MANAGEMENT FAKIR MOHAN UNIVERSITY BALASORE, ODISHA-756019
1
MASTER OF COMMERCE (M.Com) DEGREE
REGULATIONS
The duration of M.Com course shall be two academic years spread over four semesters. Each academic year shall have two semesters. Each semester is of four months duration comprising of sixteen weeks. Each week shall have 24 hours of classes (6 days in a Week). The 1st Semester shall commence ordinarily within one week after the last date of admission fixed by the Department. The 3rd Semester shall commence ordinarily after completion of summer vacation. The 2nd and 4th Semesters shall commence ordinarily from 1st week of January. Ordinarily the odd Semester (1st & 3rd) examinations shall commence from 1st week of December and the even Semesters (2nd & 4th) examination shall commence from first week of May. However, there shall be 120 (Four Months) teaching days for each semester before the commencement of examination. In a semester, each theory paper carries 50 full marks and 04 credits and total credit for each semester is 24 credits. For each paper 10 to 12 hrs teaching will be allotted. There shall be an internal assessment of 10 marks and rest 40 marks for University examination. However, the paper having practical component i.e. MC: 2.6 (Business Application and IT), there will not be any internal test. In such case, the total mark i.e. 50 is divided into 25 each for theory and practical having two credits for each component. There shall be one internal assessment and it shall have two components internal class test and home assignments /presentation. The weightage given to above stated components shall be announced at the beginning of a semester by the individual faculty member responsible for the paper. The internal marks will be average of two components mentioned above. A candidate failing to appear the internal test shall be allowed to reappear it only under following conditions:
1. If the candidate is sick during the period of examination and produce
medical certificate to that effect. 2. In case the candidate is representing University in Sports/Cultural/Allied
activity provided documentary evidence is produced. 3. In case of demise of candidate’s Father/Mother/Close Relative
Further, improvement for internal test shall not be allowed. The internal assessment shall be conducted during the class hours of the respective course teachers in a particular day. However, other classes shall not be suspended on that day. The marks secured in the internal assessment in each theory paper shall be submitted in duplicate to the Head of the Department 15 days before the commencement of the examinations who shall immediately submit to the Controller of Examinations. The dates of internal class test shall be decided by the Department. The record of the internal test shall be kept for a period of one year by the concerned teacher if needed for verification.
2 The scheme of evaluation of Dissertation/ Grand Viva shall be as follows: A. For Paper M.C: 2.7 (Fakir Mohan Studies)
In M.C.: 2.7, the letter grade (A, B, C) will be awarded to the candidates. The candidates will have the option of writing either in English or Odia in that paper. B. For paper MC: 4.3 (Dissertation)
MC: 4.3 will carry 50 marks and 04 credits. The following points should be considered for Dissertation.
i. Every student, individually, would be required to prepare a dissertation. ii. The topics for the dissertation would be selected out of the areas studied by the
students in the previous semesters from among specialization. The Dissertation Supervisor and the Head of the Department would jointly decide the final selection of the topics.
iii. The students must undertake data analysis as part of the dissertation work. iv. The dissertation should be submitted before the commencement of the external
examinations of the fourth semester. v. The dissertation should be submitted in a standard format as prescribed by the
Dept. vi. The viva-voce examination will be conducted along with the external
examination of the fourth semester.
C. For Paper M.C: 4.4 (Grand Viva-voce)
The Grand viva-voce will be conducted at the end of 4th semester. The fundamentals of the subject taught over the previous semesters, will be examined in Grand viva-voce. The viva-voce will be conducted by an external examiner. The Grand viva-voce will carry 50 marks and 04 credits.
COURSE OUTLINE
1st Semester
Subject Code Subject Title Full Mark
Credit Point
MC : 1.1 Management Concepts & Practices 50 04 MC : 1.2 Statistics for Management 50 04 MC : 1.3 Financial Management 50 04 MC : 1.4 Accounting for Decision Making 50 04 MC : 1.5 Managerial Economics 50 04 MC : 1.6 Corporate Financial Accounting 50 04
TOTAL 300 24
3
2nd Semester
Subject Code Subject Title Full Mark
Credit Point
MC : 2.1 Business Environment 50 04 MC : 2.2 Organizational Behaviour 50 04 MC : 2.3 Marketing Management 50 04 MC : 2.4 Insurance Management 50 04 MC : 2.5 Social Survey & Research 50 04 MC : 2.6 Business Application & IT
( Theory + Practical) 25+25 02+02
TOTAL 300 24
During 2nd & 3rd semester, in addition to compulsory papers, each student has to opt any one specialization out of Accounting or Finance. The specialization opted by a student in 3rd semester will remain unchanged in 4th semester.
3rd Semester
MC : 3.1 Strategic Management 50 04 MC : 3.2 Financial Institutions and Markets 50 04 MC : 3.3 Operation Research 50 04 MC : 3.4 Choice Based Paper 50 04 MC:3.5 Fakir Mohan Studies (Non Credit) -- -- (A) Accounting Specialization
MC : 3.6 (A) Advanced Accounting 50 04 MC : 3.7 (A) Corporate Tax planning 50 04 (B) Finance Specialization
MC : 3.6 (B) Merchant Banking & Financial Services
50 04
MC : 3.7 (B) International Finance 50 04 TOTAL 300 24
4th Semester
MC : 4.1 Corporate Governance & Business Ethics
50 04
MC : 4.2 Corporate Law 50 04 MC : 4.3 Dissertation 50 04 MC : 4.4 Grand Viva-voce 50 04 (A) Accounting Specialization
MC : 4.5 (A) International Accounting 50 04 MC : 4.6 (A) Accounting Standards &Corporate
Reporting 50 04
(B) Finance Specialization MC : 4.5 (B) Security Analysis & Portfolio
Management 50 04
MC : 4.6 (B) Risk Management and Derivatives 50 04 TOTAL 300 24
GRAND TOTAL 1200 96 # Each paper carries 4 Credit points & a minimum of 40 hours of classes.
4 DETAIL SYLLABUS
1st Semester
MC 1.1 MANAGEMENT CONCEPTS AND PRACTICES
UNIT I Introduction:
Introduction, concept, nature, process and significance of Management, Managerial Roles
(Mintzberg) : Management Function, Management Thought
UNIT II Planning and Controlling :
Planning: Concept, Process & types. Decision-Making-Concept and Process, Management by
objectives, Corporate Planning, Environmental analysis,
Management Control: Nature, Process, Effective Control System, Techniques of Control.
UNIT-IIIOrganizing and Staffing:
Organizing concept, Nature, Process, Significance, Authority and Responsibility
Relationship,Centralization & Decentralization of Authority, Organization, Organization
Structure- Forms.
Staffing: Job Design, Job Analysis, Procurement, Recruitment and selection. Training:
Concept and Forms, Executive Development, Compensation: Basics.
UNIT IV Directing:
Communication: Concept and Process, Forms, Barriers of Communication.
Team Building: Concept, Motivation: Concept and Process, Leadership: Concept and Style.
References:-
1. Rabbins,Management, Peãrsons Education, New Delhi.
2. Stoner & Freeman, Management- PHI, New Delhi
3. Prasad L. M. : Principles & Practice of Management- Sultan Chand. Delhi
4. Prasad Manmohan, Management : Concepts and Practices, HPH, New Delhi
5
MC 1.2 STATISTICS FOR MANAGEMENT
UNIT I
Correlation and Regression Analysis- Partial Correlation, Multiple Regression.
UNIT II Probability Theory:
Probability- classical, relative and subjective probability; Addition and multiplication
probability models; Conditional probability and Baye’s theorem.
Probability Distributions: Binomial, Poisson and Normal Distributions:their characteristics
and applications.
UNIT III Statistical Decision Theory:
Decision Environment;Expected profit under uncertainty and assigningprobabilities; Utility
Theory; Decision Tree analysis.
Sampling:Concept of Sampling , Methods of Sampling. Law of large numbers and central
limitTheorem; Sampling distributions and their characteristics.
UNIT IV Statistical Estimation and Testing:
Point and interval estimation of population mean, proportion and variance; Statistical testing-
hypotheses and errors; Large and small sampling tests-Z tests, Ttests and Ftests.Non
Parametric Tests: Chi-square tests
References:
1. Levin, Richards I, and David S Rubin: Statistics of Management, Pearson Education,
Delhi.
2. Gupta, S. P.; Statistical Methods, Sultian Chand, Delhi.
3. Sharma, Anand; Quantitative Techniques for Decision Making, HPH, New Delhi.
4. Arora P.H., Surneet etc.; Comprehensive Statistical Methods, S. Chand. Delhi.
6
MC 1.3 FINANCIAL MANAGEMENT
UNIT I Introduction:
Nature and Scope of FinancialManagement; Financial Goals-Conflict of interestbetween the
stakeholders; Functions of FinancialManager, EmergingChallenges faced by the Finance
Manager
UNIT II Financing Decisions:
Sources of Long term Capital-Equity. Debt, Term Loan, Preference share, Hybrid Securities
Cost Of Capital: Computation of Cost of Equity-Cost of Debt-Cost of Preference Capital-
Cost of Internal reserve-Weighted Average Cost of Capital.
UNIT III Leverage and Capital Structure Analysis:
Analysis of Operating Leverage and Financial Leverage.Capital Structure:Conceptof
Capital Structure, Determinants, Theories of CapitalStructure:-CapitalStructure Decision and
Shareholder’s ValueMaximization.
UNIT IV Dividend Decisions:
Issues in Dividend Decisions, Models and Theories of Dividend, Forms of Dividend,
Corporate Dividend Behavior.
References:
1. Bhattacharya, H.,Working Capital Management: Strategies and Techniques,
Pearson Education, Delhi.
2. Chandra, Prasanna: Financial Management, Tate McGraw Hill, Delhi.
3. Pandey, IM: Financial Management, Vikas Publishing House, Delhi.
4. Khan MY, Jam PK: Financial Management; Tate-Mc Grew Hill, New Delhi.
7
MC 1.4 ACCOUNTING FOR DECISION MAKING
UNIT I Accounting Information and Managerial Decision Making:
Financial-accounting, Cost accounting, arid Management accounting; Accountant’s position,
role, and responsibilities.
Analysis Financial Statements: Horizontal and Vertical Analysis, Ratio analysis.
UNIT II Marginal Costing and Break-even Analysis:
Concept of marginal cost; Marginal costing and absorption costing; cost-volume-profit
analysis; Break- even analysis; Decisions regarding sales-mix, make or buy decisions and
discontinuation of a product line etc.
UNIT III Budgeting:
Features of a budget; Essentials of budgeting; Types of Budgets- functional , master budgets,
etc; Fixed and flexible budget; Budgetary control; Zero-base budgeting; Performance
budgeting.
UNIT IV Standard Costing and Variance Analysis:
Standard costing as a control technique; setting of standards and their revision; Variance
analysis- meaning and importance, kinds of variance and their uses -materials, labour,
overhead and sales variance; Disposal of variances.
Accounting Plan and Responsibility Centres:Meaning and significance of responsibility
accounting; Responsibility centers - cost centre, profit centre and investment centre;
Objective and determinants of responsibility centers.
References:
1. Das, B., Management Accounting, Pearson India, New Delhi
2. Khan, M. Y., and Jam, P. K., Cost Accounting, Tata McGraw, New Delhi
3. Ghosh T P, Accounting and Finance for Managers, Taxman, New Delhi
4. Kaplan, Management Accounting. PHI, New Delhi
8
MC 1.5 MANAGERIAL ECONOMICS
UNIT I Fundamental Concepts & Principles:
Introduction to Managerial Economics; Scope and Subject Matter,Basic Concepts and
Techniques, Nature ofManagerial d Economic Problems, Nature of Economic Analysis, Role
and responsibility of managerial economist; Implicit and explicit costs.
UNIT II The Theory of Firm:
The circular flow of Economic Activity. The nature of the firm. Objectives of the
firm,Maximizing versus satisfying, the concept of economic profit, theories of profit-
Accounting and economic interpretation of profit. Policies on profit maximization. Profits for
control.
UNIT III Demand Analysis:
The demand schedule and demand curve. The demand function. Price elasticity of demand.
Interpretation of elasticity of demand. Income and cross elasticity’s of demand, business and
economic forecasting. Method of forecasting:Expert opinion. Market experiments, Surveys.
UNIT IV Theory of Production and Cost Analysis:
The production function. One variable input production function. Two-variable input
production function, managerial use and Cost Concepts- meaning and managerial use. Cost –
output relationship. Cost reduction and control.
References:
1. Craig Peterson, H. Cns Lewis, W., Managerial Economics, Pearson Education,Delhi.
2. Mehta P. L.: Managerial Economics Analysis, Problems and cases, Sultan Chand and
Sons, New Delhi
3. MukharjeeSampat: Business and Managerial Economics, New Central Book Agency,
Calcutta.
4. Baumol W. J.. : Economic Theory and Operations Analysis, Prentice Hall of India Ltd.,
New Delhi
5. Johnson J: Economic Methods. McGraw Hill, New Delhi.
9
MC 1.6 CORPORATE FINANCIAL ACCOUNTING
UNIT – I Valuation of Goodwill and Shares, Funds flow statements.
UNIT – II Accounting Issues: Relating to Amalgamation, absorption, and
Reconstruction of companies both external and internal.
UNIT – III Accounting issues : Relating to Liquidation of companies. Investment
Accounts. Lease Accounting.
UNIT – IV Contemporary Areas in Accounting: Environmental Accounting, HR
Accounting, Inflation Accounting and Value added Accounting.
References
1. Dearden, J. and S.K. Bhattacharya: Accounting for Management, VPH, New Delhi.
2. Gupta, R.L: Advanced Financial Accounting, S. Chand & Co., New Delhi.
3. Horngreen, Introduction to Financial Accounting:, Pearson Education, New Delhi.
4. Maheshwaari, S.N: Advanced Accountancy – Vol. II, Vikas Publishing House, New
Delhi.
10 2nd Semester
MC 2.1 BUSINESS EVIRONMENT
UNIT :I Theoretical Framework of Business Environment:
Concept, Significance, Nature and elements of business environment; Techniques of
environmental scanning and its rationale, merits and demerits.
UNIT :II Economic, Political and Legal Environment of Business:
Economic Planning in India; Government Policies-Industrial Policy, Fiscal Policy, Monetary
Policy, Public Sector and Economic Development. Critical elements of political environment;
Government and Business; Changing dimensions of legal environment in India.
UNIT: III International and Technological Environment:
Multinational Corporations; Foreign Collaborations and Indian business; International
economic institutions – WTO, World Bank, IMF and their importance to India; Foreign
Trade Policies; TRIPS, TRIMS, Anti-dumping. Dispute Settlement.
UNIT: IV Economic Reforms:
Need for economic reforms, Main features of reforms, structural changes, Deregulation,
privatization and globalization impact of reforms, Human faces of reforms, Future trends of
reforms.
References:
1. Adhikary, M: Economic Environment of Business, Sultan Chand & Co, Delhi
2. Aswathappa, K: Legal Environment of Business, Himalaya Publication, Delhi
3. Chakravarty, S: Development Planning, Oxford University Press, Delhi
4. Ghosh, Biswanath: Economic Environment of Business, VPH, New Delhi
5. Ramaswamy, V.S. and Nama Kumari: Strategic Planning for Corporate Sucoss,
Macmillan, New Delhi
11
MC 2.2 ORGANISATIONAL BEHAVIOUR
UNIT I Organizational Behavior:
Organizational behavior-concept and significance; Concepts and components of Attitudes;
Concept and Process of Perception; Concept of Learning; Personality: Types and Theories
UNIT II Group Dynamics and Team Development:
Concept of Interpersonal and Group Behaviour, Group dynamics-definition and importance,
Types of Groups, Stages of Group Development, Group decision making Techniques
Motivation: Process and Theories of motivation Need hierarchy theory, two factor theory,
Alderfer’s ERG theory, McClelland’s need theory, Victor Vroom’s expectancy theory, Stacy
Adams equity theory. Theory X and theory Y
UNIT III Leadership:
Concept and styles; Theories- Trait theory, Behavioral theory, Fiedler’s contingency theory;
Hersey and Blanchard’s situational theory; Managerial grid;
UNIT IV Organizational Conflict:
Sources and types of conflict; Traditional and modem approaches to conflict; Functional and
dysfunctional conflicts, Resolution
Organizational Development: Concept; Need for change, resistance to change; OD
intervention.
References:
1. Robbins, Stephen P, Organisatinal Behaviour, Pearson Education,Delhi.
2. Luthans, Fred: Organizational Behaviour, McGraw-Hill, New Delhi.
3. Newstrom, John W. and Keith Davis, Organizational Behaviour: Human Behaviour at
work, Tata McGraw- Hill, New Delhi.
4. K. Aswathapa Organisational Behavior, HPH, New Delhi.
12
MC 2.3 MARKETING MANAGEMENT
UNIT I Basics of Marketing:
Meaning, Importance, Scope of Marketing; Marketing elements and Strategies, Marketing
Environment; Marketing and Economic Development Process; Marketing Organisation.
UNIT II Marketing Management and Studying Consumers Behaviour:
Marketing Management Process:- Planning & Market Segmentation, Marketing Research &
Marketing Information System; Consumers Behaviour and Marketing Strategies
UNIT III Product Management & Pricing Strategies:
Meaning and Importance of product decesion, Product Classification, Product Life Cycle
(PLC) and marketing Strategies; Branding & Packaging; Pricing objectives, factors of pricing
methods, and pricing policies.
UNIT IV Promotion & Placement Strategies:
Meaning and importance of Communication and Promotion, elements an tools of promotion,
Objectives and Strategies of Promotion; Meaning and importance of Distribution, Physical
Distribution System. Marketing Practices in India: Rural & Agricultural Marketing;
International Marketing; Cyber Marketing, Co-operative Marketing; Green Marketing.
References:
1. Kotler Philip and Armstrong Gary: Principles of Marketing, Pearsons, New Delhi.
2. Kotler, P.: Marketing Management, Pearsons, New Delhi.
3. Ramaswamy & Namkumari: Marketing Management, Mc Millan, New Delhi.
4. Srinivasan: Case Studies in Marketing, Prentice Hall of India, New Delhi.
13
MC 2.4 INSURANCE MANAGEMENT
UNIT I Basic Concepts of Risk Management and Insurance:
Meaning of risk, Basic categories of risk, methods of dea1ingwith risk; Meaning and
objective of risk management; Concepts and features of insurance; Types of insurance
contract and fundamental principles of insurance; Cost benefit of insurance to the society.
UNIT II Insurance Regulatory Act,1999 and Insurance Market:
IRDA Act. 1999, Meaning, Objectives, Duties, Powers and Functions of Authority,
Globalization of Indian Insurance, Privatization and Challenges before the insurance
Industry, Need for Reforms and Reforms Strategy.
UNIT III Life Insurance, Fire and Marine Insurance:
Definition, Features and Principles, Procedure for taking a policy, Policy conditions,
Premium Plans, Calculation of Premium, Settlement of Claims.
UNIT IV Re-Insurance and Investment:
General Features, Common terms, Features and Objects, Rights and Liabilities of Re-
insurance, Principles of Re-insurance, Methods. Investment: Investment Principles, Types,
Legal and Social aspect of Investment, Policies of Insurance Companies.
References
1. ArifKtian, Theory and Practice of lnsurance, Educational Book House, New Delhi.
2. Sharma R. S., Insurance Principles and practice, VPH, Delhi.
3. Mishra M. N., Insurance principles & Parctice, S Chand, New Delhi.
4. Ganguly Anand, Insurance Acr, New Age International Publication, New Delhi..
5. Insurance Law Manual, Taxman, Delhi.
14
MC 2.5 SOCIAL SURVEY & RESEARCH
Unit I Research:
Meaning and Objectives, Type of Research, Role of research in functional areas: Accounting,
Finance, Marketing, HR etc. Research Methods, Research Methodology, Research Process.
Unit-II Defining Research Problems:
Setting Objectives, Formulating Hypothesis, Research Design, Sample Design.
Unit-III Data collection and Processing:
Collection of primary and secondary data, Design of questionnaire. Classification,
Tabulation, Editing, Analysis and Interpretation of Data, Uni-variate, Bi-variate and Multi-
variate Analysis.
Unit-IV Report Writing:
Categories of report, parts of a report, presentation of a report.
References:
1. Kothari, C. R., Research Methodology Techniques, Vishwa Prakashan, New Delhi.
2. Cooper and Schindler, Business Research Methods, MsGraw Hill, New Delhi.
3. Wilkinson & Bhandarkar, Methodology of Research in Social Sciences, HPH, New
Delhi.
4. Paneerselvan R, Research Methodology, PHI, New Delhi.
15
MC 2.6 BUSINESS APPLICATION & IT
UNIT I Computer Hardware & Software:
Computer system as information processing system, Computer System, different types of
computer systems, hardware options - CPU, input devices, output devices, storage devices,
communication devices, configuration of hardware devices and their applications. Memory,
Software, Different types software, Programming Languages.
UNIT II Modern Information Technology:
Basic idea of Local Area Networks (LAN) and Wide Area Networks (WAN), E-mail,
Internet technologies, access devices, concept of a World Wide Web and internet browsing,
Multimedia.
UNIT III Introduction to Operating system:
What is Operating System? Functions & Types. Word Processing: Introduction and working
with MS-WORD, Word basic commands, Formatting- text and documents, Sorting and
Tables, Introduction to mail-merge. Spread Sheets: working with EXCEL- formatting,
functions, chart features, Using worksheets, Presentation with Power Point power.
UNIT IV Introduction to Accounting Packages:
Company Creation, Group and Ledger Creation, Voucher Entry, Maintenance of accounting
books and final accounts, financial reports generation. Practical Knowledge on Tally.
References:
1. V. Rajaraman, Fundamental of Computers, PHI Publication, New Delhi.
2. Diennes, Sheila S: Microsoft Office, Professional for Windows 95, Instance reference,
BPB Publication, Delhi
3. Mansfield, Ror, The Compact guide to Microsoft office, BPB Publication,.Delhi.
16
3rd Semester
MC 3.1 STRATEGIC MANAGEMENT
UNIT I Concept of Strategy:
Defining strategy, levels at which strategy operates Strategic Intent, Strategic Management
Process , Environmental Appraisal, Organizational Appraisal
UNIT II Strategy Formulation and Choice of Alternatives:
Types of Corporate Strategies: Growth, Stability, Retrenchment and Combination, Blue
Ocean and Red Ocean Strategy
UNIT-III Functional Strategies:
Marketing, Personnel and Financial plans and policies.
UNIT-IV Strategy Implementation:
Inter- relationship between formulation and implementation; Issues in strategy
implementation. Strategy-Structure-Environment Relationship Strategy Evaluation:
Techniques of strategic evaluation and control, Problem in management and valuation,
Global Issues in Strategic Management.
References:
1. David, Strategic Management, Pearson Education, New Delhi.
2. Bhattachary, S.K. and N. Venkataramin: Managing Business Enterprises: Strategies,
Structures and Systems, Vikas Publishing House, New Delhi.
3. Ansoff, Implanting Strategic Management, Prentice Hall of India, New Delhi.
4. Kazmi, Azhar: Business Policy and Strategic Management, Tata McGraw Hill, Delhi.
17
MC 3.2 FINANCIAL INSTITUTIONS AND MARKETS
UNIT I Nature of Financial System:
Its function- Components of Financial System, Evolution of Indian financial system-
Innovations in Indian Financial System.
Types of Financial Markets: Money Market and Capital Market. Role, Players, Instruments,
Constituents and recent development Review of the Securities Market in India; Role of SEBI.
UNIT II Commercial Banking in India:
Structure, and Functions., Balance-sheet Analysis, ,Risk exposures, Basel Norms
,Diversifications in Commercial Banking functions, Role of Commercial Banks in the Money
Market, A SWOT Analysis of Indian Commercial Banks.
Micro Finance: Problems and Prospects.
UNIT III Development Financial Institutions:
Structure- Role and Objectives- Promotional Functions -Emerging Problems & Development
Banks- Strategic Options- Concept of Universal Banking.
Non-Banking Financial Companies: Concept and role in Financial Market- Regulation and
Roles of leasing, Hire Purchase and Housing Finance Companies- Venture Capital
Companies.
UNIT IV Mutual Funds:
Concept, Features and different types of Mutual Funds. Regulation of Mutual Funds-
Marketing of Mutual Funds- Problems and Prospects. Latest Scenario of Mutual Funds
Industries.Merchant Banking: Concept, function - SEBI guidelines.Depository System:
Objectives, participants and operating mechanism.
References:
1. Avdhani, Investment and Securities Markets In India, HPH, Delhi.
2. Bhole,L.M, Financial Markets and Instftutions,Tata McGraw Hill, Delhi.
3. Khan,M.Y, Indian Financial System,Tata McGraw Hill, Delhi.
4. Srivastava R.M, Management of Indian Financial Institution; Himalaya Publishing
House, Mumbai.
5. Gorden and Natarajan, Financial Markets and Services, Himalayan Publishing
House, N.Delhi.
18
MC 3.3: OPERATION RESEARCH
.UNIT-I OR Introduction:
Meaning, nature and scope of OR, Methodology of OR, Techniques of OR, Models of OR,
OR Applications in management, industry and economy.
UNIT-II Linear Programming Problem:
Basics concept of LPP, Formulation of LPP, Solution of LPP by Graphical Method, Simplex
Procedure and Method.
UNIT-III Transportation Problem and Assignment Problem:
Basic Concept, TP Structure and Method of Solutions, Optimality Test, Degeneracy of TP,
Assignment Problem, AP solution Method.
UNIT-IV Advance OR Technique:
Concept, Application, Limitation of Game Theory (Basic Definitions, Minimax- Maxmin
Principle, Dominance Principle), Concept of Queuing Theory, Job Sequencing (n jobs
through 2, 3 Machines), Concept of PERT-CPM.
Reference:
1. Kothari CK, Operation Research , Tata McGraw Hill, New Delhi.
2. Sharma JK , Operation Research , McMillan India ltd, New Delhi.
3. Taha H.A, Operation Research - An Introduction, McMillan, New Delhi.
4. Swaroop K. Gupta P K and Man Mohan, Operation Research , Sultan Chand & Sons,
New Delhi.
5. Gupta,Sharma,Chawla, Operation Research, Kalyani Publisher, New Delhi
19
MC 3.4: CHOICE BASED PAPER
MC 3.5 : FAKIR MOHAN STUDIES (NON CREDIT)
20
MC 3.6(A) ADVANCED-ACCOUNTING
UNIT-I Holding Company Accounting:
Meaning, Definitions and requirement, Philosophy of consolidation; Minority Interest, Cost
of Control, Revaluation of Assets and Liabilities, Bonus shares & Dividends, Consolidation
of P/L Account and Balance Sheet.
UNIT-II Liquidation of companies:
Preparation of Statements of Affairs and Deficiency Account, Preparation of Liquidator’s
Final Statement of Account
Accounting for Amalgamation of Companies
UNIT-III Insurance Company Accounts:
Life Insurance Companies & the statutory books to be maintained, statutory provisions in
preparing the revenue account, valuation balance sheet and balance sheet. Marine & Fire
Insurance Accounts. Electrical company accounts.
Banking Company Accounts: Different systems of Posting, Different statutory books to be
maintained, P & L account and P&L appropriation account & balance sheet as per Banking
Regulation Act 1949.
UNIT-IV Government Accounts:
Commercial Accounts and Government Accounts, Accounting methods & Financial
statements, Basic principles of government accounts in India, classification of government
accounts in India,
Human Resource Accounting; Inflation Accounting; Social Responsibility Accounting.
References:
1. R. L. Gupta & M Radhsswamy, Advanced Accounting - Vol. II, Ill & IV, S. Chand,
Delhi.
2. Maheswari & Maheswari, Advanced Accounting, VPH, Delhi.
3. G Francis Xavier, Fundamentals of Advanced Accounts - Vol. II, Tata Mc Graw Hill,
Delhi
4. Hanif & Mukherjee , Advanced Accounting - Vol I & II, Tata Mc Graw Hill, New
Delhi
21
MC 3.7 (A) CORPORATE TAX PLANNING
UNIT I Basics and Foundation
Corporate Tax in India, Assessment of Corporate Assessee- Head wise, Concept of Tax
Planning. Tax Management.
UNIT II Taxation Policy and Strategy
MAT, TDS, Advance Payment Tax, Self assessment, Tax Planning as Residential Status,
Specific Management decision, Make or Buy, Lease or Own, retain or replace, Shut down or
Continue, Double taxation relief.
UNIT III Corporate Issues in Tax Planning
Tax Planning for settling up new undertaking: Basis of Location, Basis of nature of Business
Foreign Collaboration and Tax Planning: Technician fees, Royalties, Tax Planning with
reference to: Depreciation, Capital gain, House Property, Amalgamation & Merger.
UNIT IV Emerging areas of Tax Planning
VAT, Rationale, Procedure of Calculation, Securities Transaction Tax, Banking Transaction
Tax Fringe benefit Tax, Service Tax.
References:
1. R.N.Lakhotia and Subash Lakhotia, Tax Planning for non-resident Indians, Vision
books(P) Ltd., Delhi
2. R.N.Lakhotia, Corporate Tax Planning, Vision books(P) Ltd., Delhi
3. Singhania, V.K, Direct Taxes: Law and Practic, Taxman’s Publication, Delhi.
22
MC 3.6 (B) MERCHANT BANKING AND FINANCIAL SERVICES
UNIT-I Indian Financial System & Financial Services:
Introduction to Indian Financial system and Securities Market, Market Structure; Market
Participants; Instruments; Regulations; New Issues Market.
UNIT-II Secondary Market Operations:
Growth of Stock Market operations in India; Organization and Functioning of Regional Stock
Exchanges, National Stock Exchange and OTCEI; Trading and Settlement mechanism.
UNIT-III Growth of Merchant Banking in India & Issue Management:
Meaning, nature, role and functions, regulations; Project Appraisal and Management; Pre-
issue and Post-issue management.
UNIT-IV Marketing of Financial Services:
Depository Services, Credit Rating, Housing Finance, Credit Cards, Mutual Fund. Factoring,
Forfeiting and Bills Discounting.
References:
1. Khan, M.Y., Indian Financial System, Tata Mc-Graw Hills, New Delhi.
2. Srivastava, R.M., and Nigam,D, Management of Indian Financial Institutions,
Himalayan Publishing House, New Delhi.
3. Pathak, Indian Financial System, Pearson Education, New Delhi.
4. Desai, Merchant Banking, Himalayan Publishing House, New Delhi.
5. Abdhani, V., Marketing of Financial Services, Himalayan Publishing House, New
Delhi.
23
MC 3.7 (B) INTERNATIONAL FINANCE
UNIT I Forex Market:
Structure, Exchange Rates, Player, Types of transactions - Risks in Forex Market -Problem of
market imperfection and MNC’s - International Monetary System - The concept of Balance
of Payment- Challenges in International Finance.
UNIT II Types of Forex Market:
Spot and Forward. Currency options and currency futures - Hedging with currency options
and futures, International parity relationship.
UNIT III Management of Forex Exposure:
Transaction Exposure, Operating/Economic Exposure, Accounting / Transaction exposure.
International Financial Market: Equity Market, Bond Market, International Financing
Decisions -Cost of Capital, Debt vs. Equity Decisions.
UNIT IV Financing International Trade:
Letter of Credit, Bill of Lading, Govt. Programmes to Finance International trade -— Counter
trade- Forms of counter trade.
References:
1. IAN,H. Giddy, Global Financial Markets, AITBS Publishers and Distributors, New Delhi.
2. P.G. Apte, International Financial Management , Tata McGraw Hill, New Delhi.
3. Alan, C. Shapiro, Multinational Financial Management, Allyn and Bacon Inc, Boston. 4. Sharan Vyuptakesh, International Management, PHI, New Delhi.
24
4th Semester
MC 4.1 CORPORATE GOVERNANCE & BUSINESS-ETHICS
UNIT I Corporate Governance (CG):
Meaning, Historical Perspective, Issues in CG, Theoretical basis of CG, CG Mechanism, CG
Systems, Good CG. CG Committees, World Bank on CG, OECD Principles, Sarbanes -Oxley
Act, 2002, Indian Committees and Guidelines, CII Initiatives.
UNIT II Agents & Institutions in CG:
Rights & Privileges of Shareholders, Investors Problems & Protection, CG & other
Stakeholders, Role of Regulators & Government.
UNIT III Business Ethics:
Importance & Need for Business Ethics, Unethical Behavior & Issues, Corporate Governance
Ethics, Ethics in Global Business.
UNIT IV Ethics and CSR:
Importance & Scope of CSR, Social Responsibility & Indian Corporations, Environmental
Concerns, Ethics in the Business Decisions.
References:
1. A. C. Femado, Corporate Governance, Pearson Education, New Delhi.
2. L. P. Hartrnari, Business Ethics, Tata McGraw-Hill, New Delhi.
3. B H Agalgatti & S. Krishna, Business Ethics, Niraj Publications, New Delhi.
25
MC 4.2 CORPORATE LAW
Unit-1: Indian Contract Act:
Negotiable Instruments act, Indian stamp Act, Copy Right Act.
Unit-2: Indian Competition Act 2000:
Consumer protection Act, Patent Act, Workman Compensation Act, Sick Industries
Companies Act.
Unit-3: FEMA Act, EX-IM Policies
Unit-4: SEBI (Amendment) Act, Indian Companies (Amendment) Act, IT Act,
Trademark Act.
References:
1. Avadhani V.A: SEBI Guidelines and Listing of Companies, Himalaya Publishing House,
Delhi
2. Indian Contracts Act, 1872.
3. SEBI Act 1992, Nabhi Publication, Delhi
4. SCRA, 1956
5. Taxman’s Company Act(Latest) V. S. Datey
MC 4.3 DISSERTATION
MC 4.4 GRAND VIVA-VOCE
26
ACCOUNTING SPECIALISATION
MC. 4.5 (A) INTERNATIONAL ACCOUNTING
UNIT I International Dimensions of Accounting:
Meaning, Importance & Scope of International Accounting, Internationalization of the
Accounting Profession, Accounting Profession in Select Countries. , International
Accounting Standards
UNIT II Foreign Currency Translation:
The Need for translation, Transaction of Foreign Currency, Financial Statements- Forward
Exchange Contracts.
UNIT III International Dimensions of Financial Reporting:
Transactional Reporting, Reporting Practices, Consolidation of Financial statements.
UNIT IV Analysis of Foreign Financial Statements:
Techniques of Financial Statement Analysis, Analysing global financial statements.
Evaluation of Performance.
References:
1. Shirin Rathore, International Accounting, PHI, , New Delhi.
2. A.K. Basu, International Accounting Harmonisatlon , University of Calcutta, Kolkata
3. B. Banerjee, Contemporary Issues in Accounting Research, IAA Research Foundation.
4. Meigs & Meigs, Accounting : The Basis for Business Decisions, McGraw Hills, New
Delhi.
27 MC 4.6 (A) ACCOUNTING STANDARDS AND CORPORATE REPORTING
UNIT I Accounting Standards:
Meaning and Importance, Historical development, Need for harmonization and
standardization.
Accounting Standards in India: Objectives, Process of Standard Setting
UNIT II Brief Idea:
About first fifteen accounting standards developed by ASB. (Special emphasis on AS-1, 2, 3,
6, 10 and 14)
UNIT III Brief Idea:
About other Accounting Standards, Developed by ASB. (Special emphasis on AS- 17,
18,20,21,25 and 28)
UNIT IV Corporate Disclosure:
Annual Reports: Directors Report & Auditor’s Report, Accounting Reports, and Modern
Trends in Corporate disclosure.
References:
1. N. Das Gupta, Accounting Standards: Indian International, Sultan Chand, New Delhi
2. L. S. Porwal, Accounting Theory, Tata McGraw, New Delhi
3. S. Rathore, International Accounting, Tata McGraw, New Delhi
4. D.S.Rowat, Students’ Guide to Accounting Standards, Taxman, New Delhi
28 FINANCE SPECIALISATION
MC 4.5 (B) SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
UNIT I Investments:
Nature and scope of investment analysis, element of investment, avenues of investment.
Fundamental Analysis. Economic analysis, Industry analysis and company analysis
Technical Analysis: Trends, indicators, indices and moving averages applied in technical
analysis.
UNIT II Efficient Market Hypothesis:
Weak, semi-strong and strong market and its testing techniques.
Valuation of Securities: Bonds and Equity shares.
UNIT III Portfolio Analysis:
Estimating rate of return and standard deviation of portfolio. Effect of combining the
securities; Markowitz Risk-return optimization; single Index Module or Market Module;
Portfolio total risk, portfolio market risk Simple Shame’s optimization solution.
UNIT IV Capital Market Theory:
Capital market line, Security market line, risk free lending and borrowings; factor Models:
Arbitrage pricing theory, two factor and multi factor models.
Portfolio Performance Evaluation: Measure of return, risk adjusted measures of return,
market timing, evaluation criteria and procedures.
References:
1. Amling, Fundamentals of Investment Analysis, Pearson Education, Delhi
2. Bhalla, Investment Analysis, S. Chand & Co, Delhi
3. Chandratre K. R., Capital Issue, SEBI & Listing, Bharat Publishing House, New
Delhi.
4. MachI Raju, H.R., Merchant banking; Willy Eastern Ltd., New Delhi
29
MC 4.6 (B) RISK MANAGEMENT & DERIVATIVES
UNIT I Risk:
Definition, types of Risk, Process of Risk Management, The tools of risk Management.
Derivatives: Definition and Evolution of derivatives, Derivatives Markets, Types of
Derivatives, Derivatives in India.
UNIT II Futures Market:
Functions of futures market, Price spread and hedging, futures and price stabilization, tests of
efficiency, Financial futures as a mechanism of risk transference, spot and futures prices.
Interest Rate futures, Currency Futures, (Foreign Exchange) Stock index futures and
Financial Futures in India. Risk Management with Futures, Cost of Carry Model, Index
Arbitrage, Purchasing Power Parity Theorem.
UNIT III Options:
Terminology and methodology of trading, Types of Options, Option pricing, Swaps, types of
Swaps, Swap Valuation, and other derivatives, Speculation with options, Risk management
with options & futures.
UNIT IV Regulatory Framework of Futures & Derivatives:
Regulatory bodies in Major international Markets, Regulatory framework in India, regulatory
instruments and needs, Accounting for derivative transactions.
References:
1. John C. Hill, Options, Futures & Other Derivatives, Pearsons, New Delhi.
2. T.V. Somanathan, Derivatives, Tata McGraw Hill, New Delhi.
3. Redhead, Financial Derivatives, Prentice Hall, New Delhi.