SYLLABUS

ASSISTANT PROFESSOR OF COMMERCE

Module 1- Research Methodology & Quantitative Techniques

History of Social Science Research-types of research – research process- scaling –

reliability and validity tests- types of research designs – cross-sectional and time
series research designs - types of data- sampling - variables – Research Hypotheses –
parametric and nonparametric tests- Analysis of data-statistical tools, univariate,
bivariate and multivariate-Measures of central tendency, dispersion, correlation,
regression, t-test, Chi-square test, factor analysis - Regression assumptions and types
of regressions–Analysis of Variance-Assumptions of ANOVA- Techniques of
ANOVA-Econometrics- Methodology of Econometrics- Econometric Models-
Ordinary Least Squares (OLS) – Simple and Multiple Regression –Normality of
Distributions – Normality Test using descriptive statistics –Linear Relationship of
Variables - Report writing – APA and MLA Format in writing references and
Bibliography- Citation – Plagiarism in researches- measures to overcome plagiarism-
Research ethics in social science- citation and impact factor

Module 2- Financial Markets and Services & Investment Management

Indian financial system- capital market- money market- stock exchanges – types of
financial services – capital market services & money market services –
intermediaries- role of SEBI- depository system- online trading- insider trading -
fund based services- fee-based services –dimensions of investment- corporate and
personal investment- various investment avenues- components of personal finance-
financial literacy- behavioural finance- theories -rationality in decisions- theories of
modern finance and behavioural finance- behavioural biases on financial decision
making – ways to overcome biases- financial modelling

Module 3- Portfolio Management & Derivatives

Security Analysis- fundamental analysis – technical analysis- EMH- Capital Market

theory – Capital Asset Pricing Model(CAPM) – Markowitz Portfolio Theory–
Assumptions – Markowitz Portfolio Construction Process –– Sharpe‘s Single Index
Model – Construction of Efficient Portfolio –– Concept of Risk free Assets and Risky
Assets –– Concepts of Lending & Borrowing in Construction of Portfolio –
Application of CAPM (CML & SML) – Factor Model – Fama French Three Factor
Model - Arbitrage Pricing Theory (APT) - portfolio risk- portfolio revision- Portfolio
Evaluation- formula plans- Performance Evaluation – Benchmarks, Sharpe Reward
to Variability Ratio–Treynor Reward to Volatility- Ratio – Jensen‘s Performance
Index – Fama‘s Decomposition Model- History and Economic Benefits of
Derivatives – Underlying Asset - Margin Requirements-Settlement of Transactions-
Lot Size – Classification of Derivatives -Exchange Traded and OTC Derivatives
Market, Commodity and Financial- Derivatives Trading in stock exchanges –
Currency Derivatives Market– Commodity Exchanges - Forward Contracts – Future
Contracts – Option Contracts - Payoff and settlement of Option Contracts, forward
and future contracts- Swaps-development-structure of swap dealing for risk
management-Hedging through derivatives

Module 4 - Income Tax & Goods and Service Tax

Residential Status of different assesses- Incidence of tax- Exempted Income- Income

from Salary– Allowances- Income from House Property- Basis of Charge- Deemed
ownership –Exemptions- profits and gains of business or profession- Depreciation –
Block of assets – Computation of allowable depreciation – capital gain – income from
other sources- computation of Gross Total income and Total Income- Deductions-
clubbing - setoff and carry forwards- assessment of companies, firms, HUF and co-
operative societies-Tax planning, Tax Evasion, Tax avoidance, Tax management -
Precautions in Tax Planning- Need for Tax Planning-Limitations- Tax Audit- Tax
Planning in relation to Heads of Income -Concept of TDS &TCS -Advance payment-
income tax authorities- Types of return of income- types of assessment-Indirect Tax-
GST-Stages and evolution of GST in India-GST Bill-GST Council-Need for GST in
India- Challenges for the introduction of GST in India- Benefits of GST -Subsuming
of taxes-Framework of GST in India-CGST-SGST-UTGST-IGST- Computation-
GSTN-GST Common Portal -HSN-SAC-GSTIN-Goods outside the scope of GST -
Levy and collection of tax, time, value and place of supply and input tax credit.

Module 5- Advanced cost and Management Accounting

Material – Labour – overhead- Marginal costing- Role of Marginal costing in

decision making-fixation of selling price- Accepting additional orders- Make or buy
decisions- Key Factor Analysis- Own or Lease- Sell or further process- Closing down
or suspending activities- Process Costing and its applications in different situations-
Inter process profits- Work-in-Progress- Accounting for Equivalent Production-
Standard Costing and Variance Analysis- Uniform costing -Transfer Pricing
Applications - Pricing Methods – Cost Plus Pricing – Pricing to earn targeted Profit -
Variable Cost -Cost volume profit analysis – Computation of PV Ratio and Break
Even Point Pricing- New Product Pricing Strategies - Skimming Price Policy –
Penetration Strategy- Cost Accounting Standards- Revenue Management Concept-
Enterprise Performance Management (EPM) -Concept of Better Decision- Business
Intelligence - Strategic map - Driver Caused Budgeting- Customer Relationship
Management (CRM) - Enterprise resource Planning (ERP)- Activity based costing,
Total Productivity Management (TPM), Pareto analysis and Theory of Constraints-
meaning- practical application of Pareto Analysis- JIT or Lean Manufacturing, steps,
implementation, features, merits and demerits, role of JIT in elimination of waste,
increasing profitability, Project Life Cycle Costing

Module 6- Corporate Financial Accounting & Reporting

Accounting principles and Accounting Standards- IFRS- Ind AS- Insurance Claims
and Investment Accounts- Holding Companies – Preparation of Consolidated
Balance Sheet- Amalgamation - Types of Amalgamation – Calculation of Purchase
Consideration- Methods of accounting for amalgamation- Accounting for Mergers,
Acquisition and Reconstruction (internal and external)- Accounting for Liquidation of
Companies – Preparation of Statement of Affairs – Deficiency/Surplus Account -
Liquidator‘s Final Statement of Account- Double account system- Final Accounts of
Electricity Concerns- Insolvency and Bankruptcy Code 2016 – scope and functions-
Corporate Insolvency Resolution Process- Voyage Accounts – meaning – purpose –
Basic concepts of voyage accounts – Treatment of incomplete Voyage- Human
Resource Accounting- Forensic Accounting – Social Responsibility Accounting –
Environmental Accounting- Investment Accounting – Proactive Accounting –
Inflation Accounting

Module 7 - International Business and Finance

Stages of internationalization of business-Methods of entry into foreign markets-

Licensing- Franchising- Joint Ventures-Strategic Alliances- Subsidiaries and
Acquisitions- Theoretical Foundations of International Business- Legal framework of
International Business- Free Trade Area, Customs Union, Common Market and
Economic Union-Regional Blocks-Developed and Developing Countries- NAFTA-
EU-SAARC, ASEAN-BRICS- OPEC- Balance of Payment- Disequilibrium-Causes
and corrections -Promotional role played by IMF-World Bank & its affiliates- IFC,
MIGA and ICSID-ADB-Regulatory role played by WTO&UNCTAD- Multinational
Companies (MNCs) and Host Countries- FPI-FII-ADR-GDR-ECBs-FCBs-
International Marketing - International financial markets-foreign exchange market-
foreign exchange trading-Cash and spot exchange rates-foreign exchange rate and
quotation forward markets- Exchange rate behaviour-cross rates-foreign exchange
market participants-SWIFT Mechanism-Forecasting exchange rate-measuring
exchange rate movements-Spot and forward exchange- Exchange rate determination-
Theories and models of exchange rate-Purchasing power parity theory-Asset market
model-Portfolio balancing model- Exchange rate of rupee- recent trends in exchange
rate -convertibility of Indian rupee-Hedging against foreign exchange exposure-
Forward Market-Futures market-options market-swap market-–International
Investments-Types of foreign investment-Significance of foreign investments- Factors
affecting international investment

Module 8- Management and Organisational Behaviour

Introduction to management -Historical evolution schools of management thought –
Major contributors to management thought- Principles of management-modern
techniques in management- Japanese Management System-Korean Management
system - Leadership and Management-Theories of Management, Theories of
Leadership, Quality circle- TQM- Six SigmaKaizen- Benchmarking –Core
competence-Bottom of pyramid approach– Emerging challenges and opportunities for
OB- Basic motivational concepts – Theories of motivation- HRM approach to
managing and controlling performance- Nature, Scope and Functions of Human
Resource Management -job analysis- recruitment- Training- Performance Appraisal
and Job evaluation - Theories of personality–Major personality attributes influencing
organization behaviour - Building and maintaining the self-values, attitudes and job
satisfaction-Group dynamic and inter group relationships–Characteristics of
workgroup – Basic forces of group behaviour – Quality of Work Life-Work Life
Balance-Dynamics of effective operating groups – Work group behaviour and
productivity - Team management – Styles and skills in leadership- Organisational
Culture, Organizational development- TQM- Evolution of TQM- Characteristics-
Scope of TQM- –Elements – Pillars of TQM

Module 9- Corporate Governance andBusiness Ethics

Evolution of Corporate Governance- Major Stakeholders of a Corporate Body and

their goals- Communication mechanism of corporate organisation with stake holders-
Objectives of Corporate Governance- Principles of Corporate Governance-Theories
and Models of Corporate Governance- Conceptual Framework of Corporate
Governance- Legal framework of Corporate and administrative framework-
regulatory framework of corporate governance in India- SEBI guidelines and clause
49- Reforms in the Companies Act-Secretarial Audit- Insider trading- green
governance-Various Committees on Corporate Governance - CSR under Companies
Act 2013 – Scope – Relevance – Importance – Areas of CSR – Arguments for and
against CSR – Ackerman‘s model of CSR – Executive Directors- Independent
Directors-Appointment, Remuneration- Powers, Duties and Responsibilities- Audit
Committee- Composition Power and Responsibilities- Statutory Officers- Duties,
Board Committees- Responsibilities and Powers-Board meetings- Whistleblowing
and Corporate Governance-Role of ethics in business- Law & ethics - Ethics and
values-Important ethical principles in business& Social Audit

Module 10- Financial Management

Decisions in Financial Management – Financing Decisions, Investing Decisions and

Dividend Decisions-Capital Structure –cost of capital - Factors determining Capital
Structure-Capital Structure Theories- Relevant School and Irrelevant School-
Optimum Capital Structure-EBIT-EPS Analysis – Points of indifference-Leverage –
Financial leverage – Operating Leverage – Combined Leverage -Dividend decisions-
Walter’s Model, Gordon Model and MM approach to dividend- Dividend policies of
companies- Management of working capital – Liquidity and Profitability – Working
Capital financing decisions – The working capital cycle –Cash Management-Debtors
Management - Credit Policy Decisions –Inventory management techniques- Long
Term Capital Investment Decisions-Methods of investment appraisal – Pay-back
period – discounted payback period – Accounting Rate of Discount- NPV- IRR-
Profitability Index - Risk and Uncertainty in capital budgeting – Methods of assessing
risk – Probability Analysis – Certainty equivalent Method – Risk Adjusted Discount
Method – Monte Carlo Simulation Method – Decision Tree Analysis – Scenario
Analysis – Sensitivity Analysis- Lease Financing-Ratios for Assessing Liquidity,
Profitability, Productivity, Leverage etc.