DEPARTMENT OF DISTANCE EDUCATION

PUNJABI UNIVERSITY, PATIALA

SYLLABUS
M.COM. PART-I (SEMESTER I & II)
FOR
2020-21 EXAMINATIONS
SEMESTER-I
Theory Internal
Assessment
CORE PAPER
MC 101 Management Concepts and 70 30
Organsational Behaviour
MC 102 Accounting for Managerial Decisions 70 30
MC 103 Business Economics 70 30
MC 104 Research Methodology & Statistical 70 30
techniques
MC 105 (ii) Financial Management 70 30
SEMESTER-II
MC 201 Advanced Accounting 70 30
MC 202 Business Environment 70 30
MC 203 E-Commerce 70 30
MC 204 *Viva-Voce 50
MC 205 (ii) Financial Institutions and Markets 70 30

Criteria for Internal Assessment

1) Student has to submit online assessment- cum- test by filling up google
form which will be provided in whatsapp groups made by department

PAPER MC 101 : MANAGEMENT CONCEPT AND ORGANSATIONAL BEHAVIOUR

Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks
INSTRUCTIONS FOR PAPER SETTER/EXAMINERS
The question paper will consist of three sections. Section A and B (Consist
of unit I and II of the syllabus, respectively) will have four questions each from
respective units and candidates are required to attempt two questions each from
section A and B. Each question in section A and B shall carry 10 marks. Section C
will consist of 12 short answer type questions covering entire syllabus and the
M.Com. Part-I (Semester System) 2 Syllabus

candidates are required to attempt any ten questions. Each question in section C
will carry 3 marks.

UNIT-I
Nature and Scope of Management, Evolution of Management thought,
Manager & environment. Business Ethics. Decision making: meaning and process,
creative elements in decision making, Analytical tools to decision making. Functions
of a manager, planning: concept, objective, significance, process and types, reasons
for failure in plans; organizing-concept, principles, theories. Organisational
Structure: Formal & Informal organizations.
Motivation: Need, Theories of motivation. Leadership: Concept, Theories
and Leadership Styles; Communication: Communication process; Barriers to
effective communication; Types of organizational communication; Improving
communication; Transactional analysis in Communication; Controlling.

UNIT-II
Organisational Behaviour ; Concept, Significance; Relationship between
Management & Organisational Behaviour; Perception; Learning Personality. Group
Dynamics and Team Development; Group dynamics: Definition and importance,
types of groups, group formation, group development, group composition, group
performance factors; team development.
Organisation Culture; Concept, Creating & Sustaining Cutlure, learning
culture; Work stress & its management. Organisational Development: Concept,
Need for change, Resistance to change, Theory of Planned Change, Organisational
Diagnosis, OD intervention.
Suggested Readings
l Harold Koontz and Heinz Weihrich, Essentials of Management: An International
Perspective, McGraw–Hill, New Delhi.

l Stephen P Robbins, David A. Decanzo, Fundamentals of Management, Pearson

Education, New Delhi.

l Stephen P. Robbins, Timothy A. Judge,Seema Sanghi, Organisational Behaviour, Pearson

Education, New Delhi.

l K. Aswathappa, Organisational Behaviour, Text, Cases and Games, Himalaya Publishing.

l Fred Luthans, Organizational Behavior, Mc Graw Hill.

M.Com. Part-I (Semester System) 3 Syllabus

PAPER MC 102 : Accounting for Managerial Decisions

Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks
INSTRUCTIONS FOR PAPER SETTER/EXAMINERS
The question paper will consist of three sections. Section A and B (Consist
of unit I and II of the syllabus, respectively) will have four questions each
from respective units and candidates are required to attempt two questions
each from section A and B. Each question in section A and B shall carry 10
marks. Section C will consist of 12 short answer type questions covering
entire syllabus and the candidates are required to attempt any ten questions.
Each question in section C will carry 3 marks.
UNIT-I
Nature and attributes of Financial Statements, Analysis and interpretation of Financial
Statements, Techniques of analysis; comparative statements, common size statements, trend analysis,
ratio analysis and AS 20, Fund flow and cash flow analysis (with special reference to AS 3).
Traditional Cost Management System: Concept, Factors Affecting Cost Management,
Cost Assignment. Applications of Marginal Costing and Cost Volume Profit analysis for
decision making.
UNIT-II
Strategic Cost Management (SCM): Concept and Philosophy, Key elements in SCM,
Value Chain Analysis, Strategic Positioning and Cost Driver Analysis.
Cost Management and Performance Evaluation: Evaluation criteria; Return on Cash
Systems; The Balanced Score card; Strategic Based Control: concept, process, implementation
of Balanced Score card, Challenges in implementation of Balanced Score card.
Budgetary Control: Concept, types and Process. Introduction to Performance Budgeting
and Zero Base Budgeting. Uniform Costing & Inter-Firm Comparison, Responsibility
Accounting.
Suggested Readings
l M Y Khan & P K Jain, Management Accounting, Tata McGraw- Hill, New Delhi.
l Jawaharlal, Management Accounting, Himalaya Publishers, Mumbai.
l Kulshrestha, N.K., Management Accounting, Tata McGraw Hill, New Delhi.
l Ramachandran, and Kakani, How to Analyze Financial Statements, Tata McGraw Hill
l Ravi. M. Kishore, Cost Management, Taxman, Allied Services (p) Ltd.
l Charles T. Horngren, George Foster, Srikant M. Data, Cost Accounting: A
Managerial Emphasis, Prentice Hall of India, New Delhi.
l Anthony R.N, Management Accounting Principles, Grawin Publishing.
l John K. Shank, Cases in Cost Management: A Strategic Emphasis, South-Western
Publishing, Thomson Learning
M.Com. Part-I (Semester System) 4 Syllabus

PAPER MC 103 : BUSINESS ECONOMICS

Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks
INSTRUCTIONS FOR THE PAPER-SETTER
The question paper will consist of three sections. Section A and B (Consist of
unit I and II of the syllabus, respectively) will have four questions each from
respective units and candidates are required to attempt two questions each from
section A and B. Each question in section A and B shall carry 10 marks. Section C
will consist of 12 short answer type questions covering entire syllabus and the
candidates are required to attempt any ten questions. Each question in section C
will carry 3 marks.
UNIT-I
Nature and Scope of Business Economics : Objective of firm; Economic theory;
Fundamental economic concepts : Incremental principle, opportunity cost principle
discounting principle, equi-marginal principle.
Demand Analysis : Individual and market demand functions; Law of demand,
determinants of demand; Theory of Consumer Choice : Cardinal utility approach,
indifference approach, Revealed preference and theory of consumer choice under risk.
Demand estimation for major consumer durable and non-durable products;
Elasticity of demand : Price elasticity, income elasticity and cross elasticity. Demand
forecasting techniques.
Production Theory : Production function : Production with one and two variable
inputs; Stages of production; Short and long run cost functions : their nature, shape
and inter-relationship; Law of variable proportions; Law of returns to scale.
UNIT-II
Price Determination under different Market Conditions : Characteristics of
different market structures; Price determination and firm's equilibrium in short-
run and long-run under perfect competition, monopolistic competition, oligopoly
and monopoly.
Price Practices : Methods of price determination in practice; pricing of multiple
products; price discrimination; International price discrimination and dumping :
Transfer pricing.
Classical and Keynesian theory of income and employment, Theory of
consumption and investment spending, multiplier-accelerator interaction; Business
Cycles : Nature and phases of a business cycle; Theories of business cycle : Cobweb,
Samulson and Hicks Theories; Inflation : Definition, characteristics and types of
inflation in term of demand pull and cost push factors, effects of inflation.
REFERENCES
• Koutsyiannis, A., Modern Microeconomics, Macmillan Press Ltd.
• Mote, Paul & Gupta, Managerial Economics, Tata McGraw Hill.
M.Com. Part-I (Semester System) 5 Syllabus

• Jhingan, M. L., Micro Economics, Advent Books Division Inc.

• Ahuja, H. L. Advanced Micro EconomicsTheory, S. Chand & Co. New Delhi.

PAPER: MC 104: RESEARCH METHODOLOGY AND STATISTICAL

TECHNIQUES

Teaching Hours per week : 5 Internal Assessment: 30 Marks

Time Allowed: 3 Hrs. External Assessment: 70 Marks
Credit : 5
INSTRUCTIONS FOR PAPER SETTER/EXAMINERS
The question paper will consist of three sections. Section A and B (Consist
of unit I and II of the syllabus, respectively) will have four questions each from
respective units and candidates are required to attempt two questions each from
section A and B. Each question in section A and B shall carry 10 marks. Section C
will consist of 12 short answer type questions covering entire syllabus and the
candidates are required to attempt any ten questions. Each question in section C
will carry 3 marks.
UNIT-I

Introduction to Research: Nature, Objectives, Types & Utility, Process of

Research.
Hypothesis: Meaning, Nature, Importance, Types, Criteria for Construction
of Hypothesis, sources of deriving hypothesis. Data Collection Methods: Primary
Sources: Observation, Interview, Questionnaire, Schedules, Survey.
Secondary Sources: Types and sources of locating secondary data and
computer assisted information acquisition.
Sampling Methods: Probability and non probability methods; sampling frame,
sampling design, sampling and non sampling errors, size of a sample.
UNIT-II
Statistical Analysis of Data: Probability distributions: Binomial, Poisson and
Normal distributions. Testing of Hypothesis: Procedure, Measuring power of test.
Tests of Hypothesis: Parametric and non parametric tests different test of
significance type I & II errors. Statistical tests: Chi square, t-test, f-test, z-test &
Kendal’s co-efficient of concordance(w-test), Kruksal wallis H test, Wald wolfowitz
M.Com. Part-I (Semester System) 6 Syllabus

test. Report writing: Mechanics of report writing, preliminary pages, Main body,
appendices.
Suggested Readings:
l Cooper, D. R. and Schindler, P.S., Business Research Methods,Tata McGraw Hill,
New Delhi.
l Kothari, C. R., Research Methodology, New Age International.
l Zikmund, Millian G., Business Research Methods, Thomson Learning, Bombay.
l Geode, Millian J. & Paul K. Hatl, Methods in Research Methods, Tata McGraw
Hills, New Delhi
l Gupta S. P., Statistical Methods, Sultan Chand, Delhi
l Goode, W. J. and Hatt, P. K., Methods in Social Research
l Young, P. V., Scientific Social Surveys and Research

PAPER MC 105 (ii) : FINANCIAL MANAGEMENT

Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks
INSTRUCTIONS FOR THE PAPER-SETTER
The question paper will consist of three sections. Section A and B (Consist of
unit I and II of the syllabus, respectively) will have four questions each from respective
units and candidates are required to attempt two questions each from section A and
B. Each question in section A and B shall carry 10 marks. Section C will consist of 12
short answer type questions covering entire syllabus and the candidates are required
to attempt any ten questions. Each question in section C will carry 3 marks.
UNIT-I
Financial Management : Meaning, Scope and Objectives, Finance Functions :
Investment, Financing and Dividend decisions; Capital Budgeting : Nature of
Investment Decisions, Investment evaluation criteria : Payback period, Accounting
Rate of Return, Net present Value, Internal Rate of Return, Profitability Index, Capital
Rationing, Capital Budgeting under Risk and Uncertainty.
Cost of Capital : Meaning and Significance, Cost of Debt, Preference Capital,
equity capital and retained earnings, Weighted average cost of capital; Financial,
Operating and Combined Leverage : their measurement and effect on profit.
UNIT-II
Capital Structure : Concept and signification, Theories of Capital Structure,
Capital Structure in Practice; Dividend Policy : Forms of Dividend, stability in
Dividend Policy, Dividend theories, Dividends Policy in practice.
Working Capital : Meaning, significance and types, Factors affecting working
Capital requirements, Determining working capital needs, Working Capital
Management, Sources of Working Capital, Financing of Working Capital,
M.Com. Part-I (Semester System) 7 Syllabus

Management of Cash, Receivables and Inventories; Mergers and Acquisitions :

Reasons and Financial considerations.
REFERENCES
l Chandra, Prasanna, Financial Management, Tata McGraw Hill, Delhi
l Pandey I.M., Financial Management, Vikas Publishing House
l Van Horne. J.G. and J.M. Wachowicz Jr., Fundamentals of Financial Management,
Prentice Hall, Delhi.
l Van Horne, James G, Financial Management and Policy, Prentice Hall, Delhi
l Khan, MY, Jain, PK, Financial Management,Tata McGraw Hill, New Delhi.
l R.M. Srivastava : Financial Management and Policy, Himalyan Publishing House, Bombay.
l J.J. Hampton : Financial Decision Making Concepts. Problems and Cases, Prentice
Hall of India, New Delhi.
SECOND SEMESTER
CORE PAPER
PAPER : MC 201 : ADVANCED ACCOUNTING

Teaching Hours per week : 5 Internal Assessment: 30 Marks

Time Allowed: 3 Hrs. External Assessment: 70 Marks
Credit : 5
INSTRUCTIONS FOR PAPER SETTER/EXAMINERS
The question paper will consist of three sections. Section A and B
(Consist of unit I and II of the syllabus, respectively) will have four questions
each from respective units and candidates are required to attempt two
questions each from section A and B. Each question in section A and B shall
carry 10 marks. Section C will consist of 12 short answer type questions
covering entire syllabus and the candidates are required to attempt any ten
questions. Each question in section C will carry 3 marks.

UNIT-I
Accounting Standards: Purpose , Development of International and Indian
Accounting Standards, Convergence of Indian Accounting Standards with
International Accounting Standards, Indian Accounting Standards: (Ind AS) I-
Presentation of Financial Statements, (Ind AS)2-Inventories, (Ind AS) 10- Events
after the Reporting Period, (Ind AS) 17- Leases, (Ind AS)- 19 Employee Benefits,
(Ind AS) 34-Interim Financial Reporting. International Financial Reporting
Standards: IFRS 1-First time Adoption of International Financial Reporting
Standards, IFRS 3-Business Combinations, IFRS 4-Insurance Contracts, IFRS 10-
Consolidated Financial Statements. Corporate Reporting Practices in India and
its evaluation. Creative Accounting: Concept and implications.
M.Com. Part-I (Semester System) 8 Syllabus

UNIT-II
Accounting for Price Level Changes: Nature and Techniques; Accounting
for Human Resources: Need, Models for Valuation; Areas of Corporate Social
Performance: Measurement and Public reporting of Corporate Social Performance;
Environment Accounting.
Contemporary Issues in Accounting: Value chain analysis; Activity Based Costing,
Activity Based Budgeting, Target and Life-Cycle Costing. Kaizen Costing, Back Flush Costing.
Suggested Readings
l Lal Jawahar , Accounting Theory and Practice, Himalaya Publishing House.
l Porwal L.S., Accounting Theory, Tata Mc Graw Hill
l Rawat D.S., Accounting standards, Taxmann Publication, New Delhi.
l Kamal Garg, IFRS Concepts and Applications, Bharat Law House Pvt. Limited.
l Ghosh T.P. IFRSs For Finance Executives, Taxmann Allied Services Private
Limited.
l John K. Shank, Cases in Cost Management: A Strategic Emphasis, South-Western
Publishing, Thomson Learning.

PAPER MC 202 : BUSINESS ENVIRONMENT

Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS

The question paper will consist of three sections. Section A and B
(Consist of unit I and II of the syllabus, respectively) will have four questions
each from respective units and candidates are required to attempt two
questions each from section A and B. Each question in section A and B shall
carry 10 marks. Section C will consist of 12 short answer type questions
covering entire syllabus and the candidates are required to attempt any ten
questions. Each question in section C will carry 3 marks.

UNIT-I
Theoretical framework of Business Environment: concept, significance
and nature of business environment; Elements of Business Environment:
Internal and external; changing dimensions of business environment;
techniques of environmental scanning and monitoring.
Economic Environment: Economic planning; Economic policies: Fiscal
Policy, Monetary Policy, EXIM Policy
M.Com. Part-I (Semester System) 9 Syllabus

Policy Environment: Economic reforms; liberalization, privatization

and Globalisation, Second generation reforms; industrial policy and
implementation, industrial growth and structural changes.

UNIT-II
Political Environment and its Critical elements. Legal Environment :
Competition Act, Consumer Protection Act, Right to Information Act,
Environment Protection Act.
Global Environment : Foreign Direct Investment, Modes and growth
of FDI in India. International economic institutions : IMF, World Bank, IFC,
IDA and ADB
Suggested Readings
l Cherunilam, Francis, Business Environment,Himalaya Publishing House, New
Delhi.
l K Ashwathappa, Essentials of Business Environment, Himalaya Publishing House,
New Delhi.
l M. Adhikary, Economic Environment for Business, Sultan Chand & Sons, New
Delhi.
l Paul Justin, Business Environment: Text and Cases, Tata McGraw Hill Publishing

PAPER : MC 203 : E-COMMERCE

Teaching Hours per week : 5 Internal Assessment: 30 Marks

Time Allowed: 3 Hrs. External Assessment: 70 Marks
Credit : 5

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS

The question paper will consist of three sections. Section A and B
(Consist of unit I and II of the syllabus, respectively) will have four questions
each from respective units and candidates are required to attempt two
questions each from section A and B. Each question in section A and B shall
carry 10 marks. Section C will consist of 12 short answer type questions
covering entire syllabus and the candidates are required to attempt any ten
questions. Each question in section C will carry 3 marks.
UNIT-I
,

Introduction to E-Commerce: Meaning and concept, Importance in

the context of today’s business, technical components, functions, advantages
of e-commerce as compared with traditional system of commerce,
M.Com. Part-I (Semester System) 10 Syllabus

disadvantages and scope of E-Commerce, difference between e-commerce

and e-business, Internet and its relation to e-commerce. State of e-commerce
in India, problems and opportunities of e-commerce in India.
Framework of E-Commerce: B2B, B2C, C2C, C2B. Supply Chain
Management, product and service digitization; Planning Online-Business:
Web sites as market place, E –commerce, pure online vs. brick and click
business.
Unit -II
Operations of E Commerce: Electronic Payment Systems : Special
features required in payment systems for e-commerce ; types of e-payment
system; cash and currency servers, e-cheques, credit cards, smart cards,
electronic purses and debit cards, Risk management options for e - payment
systems. E-Marketing : Concept, types of e-marketing, means of advertising
[Banner, Pop-up, sponsored link, email], e-branding. E-Finance : Areas of e-
financing: e-banking and e-trading; E-Accounting.
Security and Legal Aspects of E-Commerce: Threats in E-Commerce,
Security of Clients and Service-Provider; Cyber Law - Information Technology
Act 2000: An overview of major provisions.
Suggested Readings:
l Joseph, P.T. E-Commerce – An Indian Perspective, Prentice Hall of India.
l Schneider, Gary P. E-Commerce: Strategy, Technology and Implementations,
CengageLearning India Private Limited.
l Murthy, C.S.V. E-Commerce; Concepts, models, Strategies; Himalaya Publishing
House.
l Agarwala, Kamlesh N., Amit Lal and Deeksha Agarwala, Business on the
Net: AnIntroduction to the Whats and Hows of E -Commerce, Macmillan India Ltd.
l Bajaj, Deobyani Nag, E-Commerce, Tata McGraw Hill Company, New Delhi.
l Turban, E., et. al., Electronic Commerce: A Managerial Perspective, Pearson
EducationAsia.

PAPER MC 204 : VIVA VOCE

Marks : 50
PAPER MC 205 (ii) : Financial Institutions and Markets
Time Allowed : 3 Hrs. Internal Assessment : 30 Marks
External Assessment : 70 Marks

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS

The question paper will consist of three sections. Section A and B
(Consist of unit I and II of the syllabus, respectively) will have four questions
M.Com. Part-I (Semester System) 11 Syllabus

each from respective units and candidates are required to attempt two
questions each from section A and B. Each question in section A and B shall
carry 10 marks. Section C will consist of 12 short answer type questions
covering entire syllabus and the candidates are required to attempt any ten
questions. Each question in section C will carry 3 marks.
UNIT-I
Financial System: Meaning, nature, structure, role, flow of funds in
financial system, Financial systems and economic development. An overview
of Indian Financial System.
Financial Institutions : Banking System in India- Brief history and present
structure of commercial banks in India, Importance of banking business.
Development Banks- concept, objectives, & functions, promotional role,
resource mobilization, project evaluation & follow up. Role played by IFCI,
SIDBI, SFCs SIDCs in Development of various sectors of Indian economy.
NBFCs- concept, nature, role, sources of finance, RBI guidelines.
Regulatory Bodies: RBI: Organisation, functions, credit creation, credit
control, Recent Monetary Policy. NABARD- role & functions , SEBI-
Organisation, Functions, SEBI as a regulator.
UNIT-II
Financial Markets: Meaning, nature, structure, significance of
Financial markets. Financial Markets in India: an Overview.
Money market; Money market meaning, constituents, functions of money
market; Money market instruments- call money, treasury bills, certificates of
deposits, commercial bills, trade bills etc; Recent trends in Indian money
market; Capital market- primary and secondary markets; role, recent
developments in Indian Capital Markets. International Stock Exchanges.
Suggested Readings
l Khan M.Y.,Financial System, Tata McGraw Hill, New Delhi.
l Machiraju, Indian Financial System, Vikas Publishers.
l Bhole, L.M., Financial Institutions and Markets, Tata McGraw Hill, New Delhi.
l Pathak, B.V., The Indian Financial System : Markets, Institutions and Services,
Pearson Publishers.
l Shah Ajay, Indian Financial Markets: An Insider's Guide to How the Markets work.
l P N Varshney & D K Mittal, Indian Financial System, Sulthan Chand & Sons

Type Setting By :
Computer Lab, Deptt. of Distance Education, Punjabi University, Patiala.