S. S. JAIN SUBODH P.G.

COLLEGE

AUTONOMOUS

SCHEME OF EXAMINATION
&
DETAILED COURSE STRUCTURE

FOR
MASTER OF COMMERCE (M.COM.)
Accountancy and Business Statistics (ABST)

RAMBAGH CIRCLE, TONK ROAD, JAIPUR, RAJASTHAN

 COURSE STRUCTURE (M.COM.)
The Master of Commerce (M. Com) in Accountancy and Business Statistics (ABST) is a 4 semester’s
program. The following is the scheme for teaching and examination of M. Com. Course.

“The duration of external examination for each paper will be of 3 hours.”

FIRST SEMESTER EXAMINATION

Code No. Name of Paper No. of Internal External TotalMarks

Hours Marks Marks
Per
Week

ABST - 101 Business Mathematics and 03 30 70 100

Statistics
ABST - 102 Direct Taxes 03 30 70 100

ABST - 103 Advanced Cost Accounting 03 30 70 100

ABST- 104 Cost and Management Audit 03 30 70 100

SECOND SEMESTER EXAMINATION

Code No. Name of Paper No. of Internal External TotalMarks
Hours Marks Marks
Per
Week

ABST- 201 Advance Business Statistics 03 30 70 100

ABST- 202 Management Accounting 03 30 70 100

ABST- 203 Advance Corporate Accounting 03 30 70 100

ABST- 204 Goods and Service Tax 03 30 70 100

 THIRD SEMESTER EXAMINATION

Code No. Name of Paper No. of Internal External TotalMarks

Hours Marks Marks
Per
Week

ABST- 301 Research Methodology 03 30 70 100

ABST- 302 Information System and 03 30 70 100

Accounting

ABST- 303 Project Planning & Management 03 30 70 100

ABST- 304 Tax Planning 03 30 70 100

FOURTH SEMESTER EXAMINATION

Code No. Name of Paper No. of Internal External TotalMarks

Hours Marks Marks
Per
Week

ABST- 401 Operational Research and 03 30 70 100

Quantitative Techniques

ABST- 402 Financial Reporting 03 30 70 100

ABST- 403 Strategic Financial Management 03 30 70 100

ABST- 404 Dissertation (Project) and 03 100 100

comprehensive Viva

Note: The Student shall be permitted to use Battery operated calculator that should not have more
than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.
 M. Com. ABST
SEMESTER – I

ABST- 101 - Business Mathematics and Statistics

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
 Set Theory, Permutation and Combination
 Arithmetical, Geometrical and Harmonically Progressions
Sec. B
 Theory of Probability
 Probability Distributions – Binomial, Poisson and Normal Distribution
Sec. C
 Statistical Decision Theory
 Statistical Quality Control

ABST - 102 - Direct Taxes

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
 Detailed study of Income Tax Law and rules with reference to charge of
Income Tax
 Residential Status, Heads of Income & Deductions.

Sec. B
 Assessment of Companies.
 Assessment of Co-operative Societies,
Sec. C
 Assessment of Trusts, Non-Residents, Representative Assesses. Procedure of
Assessment, TDS, Advance Tax, Appeals, Revision Penalties and Prosecution.
 ABST - 103 - Advanced Cost Accounting
Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
 Process Costing: Equivalent Production, Accounting for Waste, Scrap,
Spoilage and Defectives; Uniform Costing and Inter firm Comparison.
 Cost Ledger and Cost Control Accounts
Sec. B
 Reconciliation of Cost and Financial Accounts, Integrated Accounts.
 Differential Costing & Incremental Analysis, Relevant Cost Analysis, Pareto
Analysis, Pricing Decisions, Pricing Strategies, Product and Production
Decisions.
Sec. C
 Profit Centre and Transfer Pricing, Cost Reduction Techniques, Learning
Curve Theory.
 Standard Costing and Variance Analysis, Budgets and Budgetary Control.

ABST - 104 - Cost and Management Audit

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
 Cost Audit: Nature, Objects and Scope, Cost Auditor – Qualifications,
Appointment, Rights, Duties and Responsibilities, Relationship between
Statutory Financial Auditor, Cost Auditor and Internal Auditor.
 Preparation and Verification of Cost Records – Cost Accounting Record Rules
u/s 2009(1) (d), Use of Statistical Sampling Method.

Sec. B
 Cost Audit Reports, Contents of Reports as Per Cost Audit Records Rules u/s
233B. Review of Cost Audit Reports by the Government.
 Application of Cost Accounting Standards and Role of Cost Auditor.
Sec. C
 Management Audit: Meaning, Nature and Scope, Qualification of Management
Auditor, Concept of Efficiency Audit, Proprietary Audit and Corporate Social
Audit.
 Specific Areas of Management Audit – Review of Internal Control, Purchasing
Control, Manufacturing Operations, Selling and Distribution Policies and
Programs, Peer Review.
SEMESTER – II
 ABST- 201- Advanced Business Statistics
Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.

Sec. A
· Time Series Analysis
· Moments and Kurtosis
Sec. B
· Association of Attributes
· Multiple Correlation and Multiple Regression
Sec. C
· Vital Statistics
· Interpolation and Extrapolation

ABST- 202 - Management Accounting

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Tools of Financial Analysis : Comparative Statements, Common Size Statements,
Ratio Analysis and Cash Flow Analysis
· Capital Structure – Determinants, Capital Structure Theories, Computation of Cost
of Capital
· Sec. B
· Leverages.
· Working Capital Management, Estimation of Working Capital Requirements,
Inventory Management, Receivables Management and Cash Management.
· Sec. C
· Management of Retained Earnings and Dividend Decisions with their financial
implications, Decision regarding Lease Financing, Balance Score Card.
· Activity Based Cost Management, Bench Marking, Life Cycle Costing, Target
Costing and Kaizen model.
 ABST- 203- Advanced Corporate Accounting

Total of End semester exam (duration of exam 3 hours) = 70 Marks

Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Consolidated Financial Statements – Concepts, Objectives and Consolidation
Procedures, Consolidation with two or more subsidiaries, Consolidated Profit and
Loss Account and Consolidate Balance Sheet.
· Double Accounts System.
· Sec. B
· Accounts of Banking Companies
· Insurance Companies.
Sec. C

· Accounting for Corporate Restructuring including inter-company holdings.

· Valuation: Concept of Valuation; Valuation of Tangible Fixed Assets, Valuation
of Intangibles including Brand Valuation, Valuation of Business.

ABST- 204- Goods and Service Tax

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
· SEC A
· Introduction to GST, Benefits, Constitutional aspects and legal framework
including CGST, IGST, SGST & UTGST and compensation to states.
· Procedural aspects under GST regime including registration, invoicing, e-way
bill, accounts and records, returns, provisions relating to e – commerce,
payment of tax, reverse charge, refund.
· SEC B
· Identification of nature of Supply – Inter State and Intra State, Composite and
mixed Supply, Continuous Supply, Taxable and Non–taxable Supply,
exemptions & composition schemes. Applicable rates of GST.
· Concepts relating to Input Tax credit and computation of GST liability.
· SEC C
· Administration of GST regime, audit, assessment, demand, recovery.
· Inspection, search, seizure. Provisions with respect to offences, penalties and
arrest. Advance ruling, appeals, revision & other provisions.
 SEMESTER – III

ABST- 301 - Research Methodology

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.

Sec. A
· Research: Meaning, Objectives, Importance and Types of Research.
· Meaning and Concept of Research Methodology, Research Process, Data
Collection and Data Analysis.
· Sec. B
· Sampling Theory – Methods of Sampling, Sampling Distribution, Sampling and
Non-Sampling Errors, Concept of Standard Error and its utility
· Parametric Tests –‘t’test, Z test.
· Sec. C
· Analysis of Variance- F test.
· Non-parametric Tests – Chi-square, Mann Whitney, Krushal Wallis Test etc.

ABST- 302 - Information System and Accounting

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Information System - Data and information concepts, System concepts, Open and
Closed system, Business as a system.
· Information System Security - Approaches to IS development, Requirement
analysis, design, implementation and maintenance, IS security, Disaster Recovery.
· Sec. B
· Accounting Information System - Categories of accounting information system,
Architecture of AIS, Implementation of AIS, Major Accounting information
system. Financial information system.
· Transaction Processing and Computerized Commercial Application - TP cycle,
Data validation, Batch and on line processing, Computerized commercial
application.
· Sec. C
· Computerized Accounting by using Excel – Application of Statistical and
Accounting & Finance Functions.
· Use of Accounting Software
 ABST- 303 - Project Planning & Management
Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Project Management, Project Management System and Systems Development
Cycle, Project Feasibility Study.
· Project Planning, Project Evaluation, Managing Risk in Projects
· Sec. B
· Project Organisation Structure, Risk and Sensitivity Analysis.
· Social Cost Benefit Analysis.
·
· Sec. C
· Cost Estimation and Budgeting, Network Analysis (PERT and CPM).
· Project Control, Project Management Information System, Project Management
Performance.

ABST- 304 - Tax Planning

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Meaning of Tax Planning, Tax Avoidance, Tax Evasion and Tax Management,
Objectives of Tax Planning, Concept of Diversion of Income and Application of
Income. Ethical Question, Recognized Methods of Tax Planning — Tax
Holidays, Deductions, Relief s & Rebates.
· Tax Planning through form of business organization — Individual, Firm, LLP
(Limited Liability Partnerships), AOP/BOI.
· Sec. B
· Tax planning for Companies, Cooperatives, NRI and Trusts.
· Specific Areas of Tax Planning — Tax planning in respect of capital gains,
Investment income, Structure of salaries.
· Sec. C
· Tax consideration in respect of specific decisions, Own or lease an asset, Make or
Buy an asset
· Financial Leverages — Share vs Debentures, Export vs Domestic Sales.
 SEMESTER – IV

ABST- 401- Operational Research & Quantity Techniques

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.

Sec. A
· Linear Programming
· Games Theory – Two persons zero-sum game : Pure and Mixed Strategy, Rule of
Dominance.
· Sec. B
· Transportation Problem
· Assignment Models
· Sec. C
· Queuing Theory : Single Channel Queuing Problems and Simulation.
· Network Analysis – PERT and CPM, Crashing.

ABST- 402 - Financial Reporting

Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Corporate Financial Reporting: Meaning, Need, Developments, Issues and
Problems in Corporate Financial Reporting with special reference to Published
Financial Statements.
· Development of Accounting Standards in India and Abroad, Role of ICAI.
Introduction of IFRS; Requirement of IFRS.
· Sec. B
· Accounting Standards interpretation and guidance notes on various accounting
Aspects issued by ICAI and their Applications.
· Developments in Financial Reporting: Value Added Statement, Economic Value
Added, Market Value Added and Shareholders Value Added, Environmental
Accounting.
· Sec. C
· Human Resource Accounting and Inflation Accounting
· Recent Developments in Financial Reporting System: Web Enabled Reporting,
Triple Bottom Line Reporting, Value Reporting etc.
·
 ABST- 403- Strategic Financial Management
Total of End semester exam (duration of exam 3 hours) = 70 Marks
Internal assessment = 30 Marks
Maximum Marks =100 Marks
Minimum Marks = 40 Marks
Attempt any 5 questions. Attempt one question from each unit. Each question carries equal mark.
Sec. A
· Financial Policy and Corporate Strategy, Strategic Decision Making Frame Work,
Interface of Financial Policy, Balancing Financial Goals vis a vis Sustainable
Growth.
· Indian Capital Market: Role of Primary and Secondary Market, Capital Market
Instruments.
· Sec. B
· Financial Derivatives – Stock Futures, Stock Options, Index Futures, Index
Options. Option Valuation Techniques: Binominal Model, Black Schools Option
Pricing Model, Greeks – Delta, Gamma, Theta, Rho and Vega.
· Security Analysis – Fundamental Analysis: Economic, Industry and Company
Analysis, Technical Analysis – Market Cycle Model and Basic Trend
Identification, Different Types of Charting, Support and Resistance Price Pattern
and Moving Averages.
· Sec. C
· Portfolio Theory and Pricing – Efficient Market Theory, Random Walk Theory
Markowitz Model of Risk Return Optimization, CAPM.
· Mutual Funds: Regulatory Framework, Evaluation of Various Schemes of Mutual
Funds.

ABST - 404- Dissertation (Project)

_________