MASTER OF COMMERCE – ACCOUNTING & FINANCIAL MANAGEMENT – (SPECIALIZATION IN ACCOUNTING)

UNDER SEMESTER SYSTEM

COURSE TITLE OF THE PG SUBJECTS CODE REMARKS

Accounting Standards ACF2107
Advanced Cost Accounting ACF2108
Direct Taxes Laws ACF2109 SEMESTER-I
Advanced Auditing ACF2110
M. COM.
[PREVIOUS] Financial Decision Analysis ACF2208
Corporate and Allied Laws ACF2209
Indirect Tax Laws ACF2210 SEMESTER-II
Corporate Financial Reporting ACF2211
Advanced Financial Management ACF2311
M. COM. Investment Analysis ACF2312
[FINAL] Advanced Management Accounting ACF2307
CORE ELLECTIVE FOR SPECIALISATION SEMESTER - I
Specialization -I (Accounting)
Contemporary Issues in Accounting ACF2308
Strategic Financial Management ACF2417
Portfolio Management ACF2418
M. COM. CORE ELLECTIVE FOR SPECIALISATION SEMESTER-II
[FINAL]
Specialization -I (Accounting)
Advanced Accounting ACF2411
Financial statement Analysis and Research ACF2412
M.COM. - ACCOUNTING AND FINANCIAL MANAGEMENT (WITH SPECIALISATION IN ACCOUNTING)
PROGRAMME SPECIFIC OUTCOMES (PSO)
PSO 1 - Learn basic concepts of Accounting Standards, their application while preparing Financial Statements, analyze implications on Financial
Reporting and evaluate Contemporary Financial Reporting practices including environment and human resources
PSO 2 - Understand cost accounting principles and techniques for identification, analysis and classification of cost components to facilitate managerial
decision making with reference to cost accounting standards
PSO 3 – Learn advanced practical aspects of taxation under various heads of income covering set off and carry forward of losses, clubbing of income,
advance payment of tax and calculation of total income and tax liabilities
PSO 4 – Acquire advanced knowledge of auditing and generally accepted auditing procedures and techniques under computerized environment and Risk
based assessment and internal controls
PSO 5 – Gain advanced knowledge of management accounting techniques, Management control and performance measurement system, financial
decision analysis with the help of Operation Research Techniques
PSO 6 – Understanding of provisions of Companies Act, Labour Laws and allied laws concerning SEBI Regulations, FDI Policies, Foreign Exchange
Management
PSO 7 – Gain in-depth knowledge of Indirect Tax Laws covering CGST, SGST, IGST and their operational and procedural aspects including Input Tax
Credit, Reverse Charge Mechanism
PSO 8 – Understand theory, tools and techniques of Investment Analysis and Portfolio Management and apply them as in Securities Market as an
Investor, Research Analyst, or investment advisor
PSO 9 – Acquaint with fundamental concepts of International Finance and application of tools, techniques and strategies to make relevant decisions
PSO10- Empower student to perform effectively managerial functions in the area of accounting, finance and taxation
PSO 11 – Acquire advanced knowledge of accounting for complex transactions like mergers and acquisitions, consolidation of financial statements of
group entities and apply into practical situation concept of Fair Valuation
PSO 12 – Gain practical insight into complex accounting aspects of financial instruments including accounting for hedge transactions and foreign
currency transactions
PSO 13- Enable to carry out analysis of financial position, performance and cash flows of business entities applying various tools and techniques of
research methodology
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce Academic Year 2020-21
Department of Accounting & Financial Management

M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting

Core
Year I Credits 03/Week
ACF 2107: Accounting Standards
Year of Introduction: 2018-19
Semester I Maximum Grade 100
Year of Syllabus Revision:
Mode of Transaction Lectures
Course Outcomes (COs):
CO1 Able to understand the presentation of financial statements applying relevant accounting standards.
CO2 Gain in-depth knowledge of various accounting policy, changes in accounting estimates & errors applying relevant accounting
Standards.
CO3 Get acquainted with the accounting treatment of events occurring after reporting period applying relevant accounting
Standards.
CO4 Able to understand fair value measurement as per applicable accounting standards.
CO5 Able to understand measurement, recognition norms and accounting treatment of Revenue as per relevant accounting standards.
CO6 Understand in detail measurement, recognition norms and accounting treatment of Inventories as per relevant accounting
Standards.
CO7 Able to understand measurement, recognition norms and accounting treatment of Property, Plant & Equipment as per relevant
Accounting standards.
CO8 Able to understand measurement, recognition norms and accounting treatment of Intangible Assets as per relevant accounting
Standards.
CO9 Understand in respect to measurement, recognition norms and accounting treatment of Impairment of Assets as per relevant
Accounting standards.
CO10 Able to understand measurement, recognition norms and accounting treatment of Borrowing Cost as per relevant accounting
Standards.
CO11 Able to understand measurement, recognition norms and accounting treatment of Provisions, Contingent Liabilities,
Contingent Assets and Income Taxes as per relevant accounting standards.
CO12 Preparation of IND AS compliant financial statements.
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
 Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
Develop (G) (ES),
ment develo Huma
(SD) pmenta n
l needs Values
(HV)a
nd
Profess
ional
Ethics
(PE)
1 • Presentation of Financial Statements
CO1
• Accounting Policies, Changes in Accounting 1,2,3, PSO1
12 25 CO2
Estimates and Errors 4,5,6 PSO10
CO3
• Events after Reporting Period
2
• Fair Value Measurement: Concept
1,2,3, CO4 PSO1
• Revenue 11 25
4,5,6 CO5 PSO10
• Inventories CO6 (EMP), (L, R,
(PE)
3 • Property, Plant and Equipment CO7 (SD) N, G)
• Intangible Assets 1,2,3, CO8 PSO1
11 25
• Impairment of Assets 4,5,6 CO9 PSO10
• Borrowing Cost CO10
4 • Provisions, Contingent Liabilities and Contingent
Assets 1,2,3, CO11 PSO1
11 25
• Income Taxes 4,5,6 CO12 PSO10
• Ind-AS Compliant Financial Statements
Reference Books
1. Illustrated Guide to Ind AS by B. D. Chatterji, 3rd Edition, TAXMANN Publication.
2. Ind AS simplified by CA Anand J Banka, Wolters Kluwer CCH Publication,2016.
3. Ind AS- Interpretation, Issues and Practical Application by Dolphy D’Souza and Vishal Bansal, Snow White Publications, 2015.
4. Indian Accounting Standards – Ready Recknor by Dr. A.L.Saini,Snow white Publications, 2016
5. Practical Guide to Ind AS and IFRS by CA Kamal Garg, Bharat Publication,2016
6. A Quick Guide to Indian Accounting Standards by Chintan Patel and Bhupendra Mantri, TAXMANN Publications,2017( 3rd Edition)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
CORE COMPULSORY:
Year I ACF 2108 Advanced Cost Credits / Hours 03/Week
Accounting
Year of Introduction: 2018-19
Semester I Maximum Marks / Grade 100
Year of Syllabus Revision: -
Mode of Transaction Lectures
Course Outcomes (COs): ACF2102:
CO1 Gain introductory knowledge with regards to cost & cost concepts.
CO2 Acquaintance with concepts, type of overheads & its allocation and apportionment.
CO3 Detailed understanding of various methods of costing.
CO4 Application of activity based costing system in ascertainment of cost & Understand the concept of ABM.
CO5 Application of CAS in maintaining cost records.
CO6 Taking pricing decision in given situation, considering the expected profitability.
CO7 Analyzing with uniform costing technique & inter-firm comparison.
CO8 Application of standard costing technique & analyze the variance between standard and actual performance.
CO9 Getting knowledge of T&M, value chain analysis, Target costing techniques & life cycle costing.
Unit Topic/Unit Contact Weightage BT CO PSO Elem Releva Relatio
No. Hours (%) Level ents nce to n to
of Local Gende
Empl (L)/ r (G),
oyabil Nation Enviro
ity al (N)/ nment
(Emp Region and
)/ al(R)/G Sustain
Entre lobal ability
prene (G) (ES),
urshi develo Huma
p pmenta n
 (Ent)/ l needs Values
Skill (HV)a
Devel nd
opme Profess
nt ional
(SD) Ethics
(PE)
1 • Introduction and Basic Cost Concepts. CO1
1,2, PSO2
• Overheads 12 32.5 CO2
3,5 PSO10
• Methods of Costing CO3
2 • Activity-Based Costing and Activity Based
1,2, CO4 PSO2
Management 11 32.5
3 CO5 PSO10
• Cost Accounting Standards Emp,
L,R,N,
3 • Pricing Decision, Strategic Profitability Analysis and 1,2, Ent PE
CO6 PSO2 G
Cost Management 11 17.5 3, 4, SD
CO7 PSO10
• Uniform Costing and Inter Firm Comparison 5,6
4 • Standard Costing 1, 2,
• Total Quality Management CO8 PSO2
11 17.5 3,4,
• Value Chain Analysis, Target Costing, Life Cycle CO9 PSO10
5
Costing
Reference Books
1. Cost Accounting : A Managerial Emphasis by Horngren, Datar and Foster (Pearson Education)
2. Cost and Management Accounting by S. N Maheshwari (Sultan Chand & Sons)
3. Cost and Management Accounting by V. K Saxena & C. D Vashist (Sultan Chand & Sons)
4. Fundamentals of Cost Accounting by William N. Lanen, Shannon W. Anderson and Michael W. Maher
5. Management and Cost Accounting by Drury Colin (International Thomson Business Press, London)
6. Managerial Cost Accounting by J. Batty
7. Principles and Practice of Cost Accounting by N. K Prasad (Book Syndicate (p) Ltd, Kolkata)
8. Principles and practice of cost Accounting, by Asish Bhattacharya (S. Chand)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Core Subject:
Year 1 Credits / Hours 03/Week
ACF2109: Direct Tax Laws
Year of Introduction:-2018-19
Semester I Maximum Marks / Grade 100
Year of Syllabus Revision: --
Mode of Transaction Lectures
Course Outcomes (COs): ACF2109
CO1 Able to understand and get practical knowledge on provision relating to computation of business and profession.
CO2 Get knowledge, understanding and practice relating to computation of Income under the head capital gain and tax planning relating to
Capital gain.
CO3 Get knowledge, understanding and practice relating to computation of Income under the head “Income from other sources” and tax
planning relating to “Income from other sources” under Income Tax Act, 1961.
CO4 Students will be aware of special provisions relating to Set off and carry forward of losses under Income Tax Act, 1961.
CO5 Get conceptual and practical understanding on various provisions relating to Provisions for Clubbing of Income under Income Tax Act,
1961.
CO6 Students will understand provisions relating to Deductions from Gross Total Income and Tax Liability under Income Tax Act, 1961.
CO7 Understand provisions relating to Advance Payment of Tax, payment of interest by and to the assesse under Income Tax Act, 1961.
CO8 Aware of special provisions relating to Refund of excess tax paid by the assesse as per Income Tax Act,1961.
CO9 Acquainted with Income Tax Authorities and Returns of Income and Assessment.
CO10 Aware of relevant Case Laws

Unit Topic/Unit Contact Weightage BT CO PSO Elem Releva Relati

No. Hours (%) Level ents nce to on to
of Local Gende
Empl (L)/ r (G),
oyabil Nation Enviro
ity al (N)/ nment
(Emp Region and
)/ al(R)/G Sustai
 Entre lobal nabilit
prene (G) y (ES),
urshi develo Huma
p pmenta n
(Ent)/ l needs Values
Skill (HV)a
Devel nd
opme Profes
nt sional
(SD) Ethics
(PE)
1 1. Taxation of Income under the head Profits and 1,2,3, CO1, PSO3
12 25
Gains from Business or Profession 4,6 CO10 PSO10
2 1. Taxation of Income under the head Capital CO2,
Gains. Appeals and Revisions. 1,2,3, PSO3
11 25 CO3,
2. Taxation of Income under the head Income from 4 ,6 PSO10
CO10
Other Sources
3 1. Set off and carry forward of losses. CO4, EMP,
2. Provisions for Clubbing of Income. CO5, ENT, N PE
3. Deductions from Gross Total Income and Tax 1,2, CO6, PSO3 SD
Liability. 11 25
3,4 ,6 CO7, PSO10
4. Advance Payment of Tax, payment of interest by CO10
and to the assesse
4 1. Refund of excess tax paid by the assessee CO8,
1, 2, PSO3
2. Income Tax Authorities 11 25 CO9,
3,4,6 PSO10
3. Returns of Income and Assessment. CO10
Note: If the Act is amended or replaced, the provisions and/or sections according to the amended/new Act will be applicable. Each
year, updations /amendments in the provisions of the law will be applicable.
Note: The recent developments in the paper be considered as implied part of the Curriculum.
Reference Books
1. Direct Tax Laws By Shri T.N.Manoharan(Snow White)
2. Direct Taxes Law&Practice By Dr.Vinod Singhania&Dr.Kapil Singhania (TAXMANN)
3. Professional Approach to Direct Taxes Law&Practice By Dr.Girish Ahuja&Dr.Ravi Gupta(Bharat)
4. Direct Taxes A ready Referencer By CA G.Sekar(PADUKA'S)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting

Year 1 ACF 2110 : Advanced Auditing Credits / Hours per week 03/Week
Year of Introduction: 2018-19
Semester I Maximum Marks / Grade 100
Year of Syllabus Revision: -
Mode of Transaction Lectures
Course Outcomes (COs): ACF2110
CO1 Get knowledge of practice to be followed while conducting Audit of Historical Financial Statement.
CO2 Understand in detail Internal Control System.
CO3 Understand in detail Risk Assessment Procedure.
CO4 Get aware of special points to be considered while conducting audit in Computerized information system environment.
CO5 Understand legal provisions regarding Banks, Insurance Companies, Co-operative societies, Trust and NBFCs’
Governing Statute and special points to be taken care while doing their audit.
CO6 Understand legal provisions relating to Audit under Fiscal Laws and special points to be taken care.
CO7 Understand Investigation and Due Diligence.
CO8 Aware of Contemporary issues in Auditing.

Contact Weightage BT CO PSO Elem Releva Relatio

Hours (%) Level ents nce to n to
of Local Gender
Empl (L)/ (G),
oyabil Nation Environ
ity al (N)/ ment
(Emp Region and
)/ al(R)/G Sustain
Entre lobal ability
prene (G) (ES),
urshi develo Human
p pmenta Values
 (Ent)/ l needs (HV)an
Skill d
Devel Professi
opme onal
nt Ethics
(SD) (PE)
1 1. Auditing Standards –Part I PSO4
11 25 1,2,3 CO1,
PSO10
2 1. Auditing Standards –Part II
2. Risk Assessment and Internal Control CO1,
3. Audit under Computerized Information System CO2, PSO4
11 25 1,2,3
environment and Computer Assisted Audit CO3, PSO10
Techniques. CO4 EMP,
ENT, N PE
3 1. Audit of Banks
SD
2. Audit of Insurance Companies PSO4
11 25 1,2, 3 CO5
3. Audit of Co-Operative societies and Trust PSO10
4. Audit of Non-banking Financial Companies
4 1. Audit under Fiscal Laws CO6,
2. Investigation and Due Diligence PSO4
12 25 1, 2,3 CO7,
3. Emerging Trends in Auditing like Peer Review PSO10
CO8
Etc.
Note: The recent developments in the paper be considered as implied part of the Curriculum.
Reference Books
1. Auditing –Principles and Practice-Ravindra Kumar-Virendra Sharma (Prentice –Hall of India Pvt.Ltd.
2. Advanced Auditing-Dolphy D'Souza(TAXMANN)
3. Principles and Practicc of Auditing-S.D.Sharma(TAXMANN)
4. Students'Guide to Auditing Standards-D.S.Rawat(TAXMANN)
5. Study Material on Advanced Auditing and Professional Ethics(CA Final) Institute of Chartered Accountants of India
6. Advanced Auditing and Professional Ethics-CA.Pankaj Garg(TAXMANN)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
ACF 2208: Financial Decision
Year I Credits 03/Week
Analysis
Year of Introduction: 2018-19
Semester II Maximum Grade
Year of Syllabus Revision:
Mode of Transaction Lectures and Tutorials 60 HOURS
Course Outcomes (COs):
CO1. Get familiarized with the concept of Operation Research.
CO2. Able to do model formulation of linear programming and applications in business management problems
CO3. Understand Forecasting techniques and apply them in business and economic activities.
CO4. Compare and contrast qualitative and quantitative approaches to forecasting.
CO5. Understand averaging techniques, trend and seasonal techniques and exponential smoothing.
CO6. Application of Linear Programming Problem in Assignment and Transportation Problem and proper knowledge about Transportation and
Assignment problems
CO7. Understand the concept of Replacement and its application in decision making
CO8 Ability to formulate network flow programming models and to plan, monitor and control the projects involving thousands of management
activities.
CO9 Learn the characteristics of Game theory and its application for business decision making.
CO10. Understand process of Simulation and its use in business decision
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
Develop (G) (ES),
ment develo Huma
 (SD) pmenta n
l needs Values
(HV)a
nd
Profess
ional
Ethics
(PE)
1 • Operations Research : An introduction CO1,
• Business Forecasting 1,2,3 PSO5
• Linear Programming 15 25 2, 3, 4
&4 PSO10
&5
2 • Transportation Problems 1,2,3 CO6 PSO5
• Assignment Problems 15 25 (EMP),
• Replacement Decisions &4 &7 PSO10
• Operations Research Techniques: Network (ENT) (N) (PE)
3
Analysis – PERT and CPM 1,2,3 CO8 PSO5 (SD)
• Game Theory 15 25
&4 &9 PSO10
• Sequencing Problem
4 • Queuing Theory 1,2,3 PSO5
• Simulation 15 25 CO10
• Other related Statistical /Mathematical tools &4 PSO10
Reference Books
1. Operations Research -V.K.Kapoor (Sultan Chand)
2. Operations Research – KantiSwarup (Sultan Chand)
3. Statistical Methods – S.P.Gupta (Sultan Chand)
4. Quantitative Techniques in Management-N.D. Vohra (TMH)
5. Quantitative Methods for Management Decision – Dr. C.R. Reddy (Himalaya Pub. House)
6. Operations Research – K. Shridhara (Himalaya Pub. House)

The Maharaja Sayajirao University of Baroda

Faculty of Commerce Academic Year 2020-21
Department of Accounting & Financial
 Management

M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting

Core Subject:
Year 1 ACF2209: Corporate and Allied Credits / Hours 03/Week
Laws
Year of Introduction: 2018-19
Semester II Maximum Marks / Grade 100
Year of Syllabus Revision:
Mode of Transaction Lectures
Course Outcomes (COs): ACF2209
CO1 Understand and practical knowledge on Rules of Interpretation of Statutes, Deeds and Documents.
CO2 Get knowledge, understanding relating to various types of companies as per the Companies Act,2013
CO3 Get knowledge and understanding relating to provisions of Companies Act,2013 relating to share capital of the companies, with special
reference to accounting aspect.
CO4 Aware of special provisions relating to Board composition and functioning under Companies Act, 2013.
CO5 Conceptual and practical understanding on various provisions relating to Provisions of Inter corporate loan and investment under the
Companies Act, 2013.
CO6 Conceptual and practical understanding on various provisions relating to Provisions of Loans and borrowings from Directors (sec-185)
under the Companies Act, 2013.
CO7 Get acquainted with provisions relating to Meetings of directors and shareholders under Companies Act, 2013.
CO8 Understand and practice of drafting of minutes and resolutions as per the requirement of Companies Act2013.
CO9 Gain in-depth knowledge of provisions of companies Act, 2013 relating to accounts and Audit of companies.
CO10 Acquaintance with Annual Compliances under Companies Act, 2013.
CO11 Awareness of some selected labour laws affecting to the area of accounting (Like Payment of Bonus Act, Payment of Gratuity Act,
Provident fund etc.)
CO12 Get understanding of SEBI Act,1992 and Listing Regulations, Foreign Direct Investment policy and FEMA Act,1999
CO13 Awareness of relevant Case Laws

Unit Topic/Unit Contact Weightage BT CO PSO Elem Releva Relati

No. Hours (%) Level ents nce to on to
of Local Gende
 Empl (L)/ r (G),
oyabil Nation Enviro
ity al (N)/ nment
(Emp Region and
)/ al(R)/G Sustai
Entre lobal nabilit
prene (G) y (ES),
urshi develo Huma
p pmenta n
(Ent)/ l needs Values
Skill (HV)a
Devel nd
opme Profes
nt sional
(SD) Ethics
(PE)
1 Provisions of the Companies Act relating to: CO1
2. Rules of Interpretation of Statutes, Deeds and CO2
Documents CO3
3. Types of Companies 1,2,3, PSO6
12 25 CO4
4. Share capital 4,6 PSO10
CO5
5. Board composition and functioning
CO6
6. Inter corporate loan and investment
7. Loans and borrowings from Directors (sec-185) CO13
2 Provisions of the Companies Act relating to: CO7, EMP,
1. Meetings of directors and shareholders. CO8, ENT, N PE
1,2,3, PSO6 SD
2. Drafting of minute of meetings and resolutions 11 25 CO9
3. Accounts and audit 4 ,6 PSO10
CO10
4. Annual Compliances CO13
3 1. Important provisions with reference to Labour CO11
Laws 1,2, CO13 PSO6
11 25
3,4 ,6 PSO10

4 Allied Laws: 11 25 1, 2, CO12 PSO6

 1. Role and Functions of SEBI and Important 3,4,6 CO13 PSO10
provisions of SEBI Act, 1992.
2. Securities And Exchange Board Of India (Listing
Obligations And Disclosure
Requirements)Regulations, (Some selected
regulation affecting to financial reporting)
3. FDI Policy ,Current and Capital Account
transactions, Basics of Foreign Exchange
Management Act, 1999 (FEMA)
4. Emerging trends in Corporate and Allied Laws

Note: If the Act is amended or replaced, the provisions and/or sections according to the amended/new Act will be applicable. Each
year, updations /amendments in the provisions of the law will be applicable.
Note: The recent developments in the paper be considered as implied part of the Curriculum.
Reference Books
1. Jain D. K, Company Law Ready Reckoner, Bharat Law House Pvt. Ltd, New Delhi.
2. Sharma J. P, Simplified Approach to Labour Laws Bharat Law House Pvt. Ltd, New Delhi
3. Singh Avtar, Introduction to Labour& Industrial Law, 2009 edn, Wadhwa and Company, Nagpur
4. G K Kapoor Sanjay Dhamija ,A Comprehensive Text Book on Companies Act 2013 (university edition) ,taxmann.
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting

Year I ACF 2210: Indirect Tax Laws -

Year of Introduction: 2018-19
Semester II Credits / Hours 03/Week
Year of Syllabus Revision:
Mode of Transaction Lectures and Tutorials Maximum Marks / Grade 100

Course Outcomes (Cos): ACF 2210

Students will be able to
CO1 Get leaning on legislative ambit of CGST Act, 2017 with case studies
CO2 Get leaning on legislative ambit of IGST Act, 2017 with case studies
CO3 Solve practical examples on Input Tax Credit including Input service distributor, Value of Supply & Reverse charge mechanism
CO4 Understanding on legislative ambit of The Customs Act, 1962 & related laws, with regard to legal provisions related with Import & Export of
goods, important terms, Classification & valuation, Calculations of various types of Customs Duties, Import & Export procedure, Baggage &
Duty drawback.
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
Develop (G) (ES),
ment develo Huma
(SD) pmenta n
l needs Values
(HV)a
nd
 Profess
ional
Ethics
(PE)
1 1. Introduction to GST ( Covering CGST, SGST,
UTGST, IGST & Compensation Cess)
2. Important Definitions under GST Act
3. Levy and Collection under GST Act
1,2,3 PSO7
4. Meaning & scope of supply including Mix supply 15 25 CO1
&4 PSO10
and Composite supply
5. Time of Supply of Goods & Services (including
Case studies on Time of supply)
6. Composition Levy
2 1. Important Definitions Under IGST Act
2. Levy and Collection under IGST Act
3. Inter and Intra State Supply
4. Principles of Determining Supply in the course of
1,2,3 PSO7
Inter-State Trade or Commerce 15 25 CO2 (EMP),
&4 PSO10
5. Place of Supply of Goods & Services – Domestic (ENT) (N) (PE)
(including Case studies on Place of supply) (SD)
6. Place of Supply of Goods & Services - Import &
Export
3 1. Reverse Charge Mechanism (RCM)
2. Input Tax Credit (ITC)-Meaning, eligibility &
conditions for taking & utilizing ITC
3. Input Service Distributor-Meaning, Distribution 1,2,3 PSO7
15 25 CO3
of credit by ISD, Conditions for distribution of &4 PSO10
credit by ISD
4. Valuation under GST Including Valuation Rules
(including Case studies on value of supply)
4 1. Classification and Valuation of Goods under the
1,2,3 PSO7
Customs Act 15 25 CO4
&4 PSO10
2. Procedure for Importation and Exportation
 3. Duty draw back & Baggage Rules
Reference Books
1 GST Tariff by R.K. Jain, CENTAX Publication
2 GST Law Manual by P.K. Jain, CENTAX Publication
3 Step by Step Guide to GST by Avinash Poddar, CENTAX Publication
4 Beginner’s Guide to GST by Dr. Vandana Bangar & Dr. Yogendra Bangar, Aadhya Prakashan
5 GST Ready Reckoner by Keshav R Garg BY Bharat Publication
6 GST Concepts for layman by Avinash Poddar
7 Handbook of GST in India: Concept & Procedure by Rakesh Garg & Sandeep Garg, Bloomsbury India Professional
8 GST Ready Reckoner by V.S. Datey, Taxmann’s Publication
9 Indirect Taxes -Law & Practice By By V.S.Datey , Taxmann Publication
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Core
Year I ACF 2211: Corporate Financial Credits 03/Week
Reporting
Year of Introduction: 2018-19
Semester II Maximum Grade 100
Year of Syllabus Revision:
Mode of Transaction Lectures
Course Outcomes (COs):
CO1 Comprehend and analyze the annual reports of various companies.
CO2 Acquaint with statutory provisions of CSR and its disclosure in annual report.
CO3 Detailed understanding about the reporting of various financial & non-financial information leading to value- creation.
CO4 Analyze & interpret the financial reporting on banking & insurance companies.
CO5 Knowledge with regards of reporting requirement in hyper inflationary economies.
CO6 Awareness with the disclosure of information pertaining to capital market.
CO7 Awareness regarding red flags in financial reporting.
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
Develop (G) (ES),
ment develo Huma
(SD) pmenta n
l needs Values
(HV)a
nd
 Profess
ional
Ethics
(PE)
1 • Annual Report- Director’s report, Corporate
Governance report, Significant Accounting 1,2,3, PSO1
Policies, Notes to Accounts, Business 12 25 CO1
4,5,6 PSO10
Responsibility Reporting, Related party
disclosures
2 • Corporate Social Responsibility Report
1,2,3, CO2 PSO1
• Integrated Reporting 11 25
4,5,6 CO3 PSO10
• Sustainability Reporting (EMP), (L, R,
(PE)
3 (SD) N, G)
• Reporting by Banking Companies
1,2,3, PSO1
• Reporting by Insurance companies – Life and 11 25
4,5,6
CO4
PSO10
Non-Life Business
4 • Financial Reporting in hyper inflationary
economies CO5
1,2,3, PSO1
11 25 CO6
• Capital Market Reporting 4,5,6 PSO10
CO7
• Red Flags in Financial Reporting
Reference Books
1. First Lessons in Financial Reporting by M.P.Vijaykumar, Snow White Publications,2017.
2. Corporate Financial Reporting-Theory, Practice and Cases by Prof. Jawahar Lal, TAXMANN
3. Corporate Financial Reporting and Analysis by David Young and Jacob Cohen, John Willy & Sons
4. Annual Reports of Banking Companies
5. Annual Reports of Insurance Companies
6. RBI Guidelines for reporting by Banking Companies
7 IRDA Guidelines for reporting by Insurance Companies
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Core Compulsory
Year II ACF2311 : Advanced Financial Credits /hours 03/Week
Management
Year of Introduction: 2018-19
Semester I Maximum Grade / Marks 100 Marks
Year of Syllabus Revision:
Mode of Transaction Lectures
Course Outcomes (COs):
CO1 Enable to define important concepts and objectives of financial management
CO2 Enable to identify and differentiate methods of financial statement analysis and apply the same to analyze financial performance of the
company based on computation of various ratios
CO3 Analyze the financial statements with reference to competitors, industry and over a time frame.
CO4 Develop financial forecast and determine external funds requirement.
CO5 Understand the working capital policy of the organization and estimating the working capital requirement.
CO6 Understand and evaluate various sources of working capital finance.
CO7 Estimate the cash requirement in the short term, determine the optimum level of cash and to manage the cash flows efficiently.
CO8 Analyzing and evaluating optimum credit policy considering different variables for the same.
CO9 Determination of the optimum level of order quantity as well as the level of inventory.
CO10 Estimate the cost of capital of each source of finance and compute the overall cost of capital
CO11 Analyze the relationship between dividend policy and value of the firm based on various models.
CO12 Develop an insight in to the practical aspects of dividend policy.
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
 Develop (G) (ES),
ment develo Huma
(SD) pmenta n
l needs Values
(HV)a
nd
Profess
ional
Ethics
(PE)
1 • Introduction: Evolution, Finance Functions, Goals
CO1,
of Financial Management, Basic Concepts in 1,2,3,
12 25 CO2, PSO10
Finance, Introduction to agency problem 4,5,6
CO3
• Financial Statement Analysis
2 • Financial Planning and Forecasting, Financial 1,2,3,
CO4,
Modelling 4,5,6
11 25 CO5, PSO10 (EMP),
• Working Capital Policy (L,R,
CO6 (ENT), (PE)
• Working Capital Financing N, G)
(SD)
3 • Cash Management 1,2,3, CO7,
• Receivables Management 11 25 4,5,6 CO8, PSO10
• Inventory Management CO9
4 • Cost of Capital 1,2,3, CO10,
• Dividend Theories and Policy 11 25 4,5,6 CO11, PSO10
CO12
Reference Books
1. Financial Management : I. M. Pandey (Vikas)
2. Financial Management : Theory & Practice by Prasanna Chandra (TMH)
3. Fundamentals of Financial Management : Ramesh K. S. Rao (Macmillan)
4. Corporate Finance Theory & Practice by Aswath Damodaran (John Wiley)
5. Corporate Finance : Theory & Practice by Vishwanath S.R. (Response Books/Sage)
6. Essentials of Managerial Finance : Weston & Brigham
7 Financial Management : Khan & Jain
8 Fundamentals of Financial Management : James C. Van Horne
9 Principles of Corporate Finance : Brealey and others (TMH)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce Academic Year 2020-21
Department of Accounting and Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Compulsory Paper
Year II Credits / Hours 03/Week
ACF2312 : Investment Analysis
Year of Introduction: 2018-19
Semester I Maximum Marks / Grade 100
Year of Syllabus Revision :
Mode of Transaction Lectures and Tutorials
Course Outcomes (COs): ACF2302
CO1: Get outline a broad map of the territory of Investment Analysis, understand the Financial System and the elements of Securities
Market, and describe the various investments alternatives available and the criteria for evaluating an investment avenue.
CO2: Understand the concepts and components of Risk and Return, Measuring Historical and Expected Risk and Return with practical examples.
CO3: Compute the Fair Value of Equity Shares using Balance Sheet Techniques, DCF Techniques, and Relative Valuation Techniques.
CO4: Analyzing the Economy-Industry-Company related fundamental factors in general and determining the intrinsic value of an equity share
by taking a small case study to facilitate taking long-term ‘buy-hold-sell’ decisions. Also understanding a few easy tools for judging
undervaluation or overvaluation.
CO5: Understand the basic premises, major charting techniques, and technical indicators under Technical Analysis and interpret the charts by
predicting the price movements to take short-term ‘buy-hold-sell’ decisions.
CO6: Estimate the price of a bond, calculate various measures of bond yield, identify the risks in bonds, understand interest rate changes on
bond prices, and analyze the factors that determine interest rates.
CO7: Understand the investment characteristics of real assets such as Residential House, Gold and Silver and compare the tax aspects/benefits.
CO8: Understanding the basics of Options and Futures with application of different option strategies under different market scenarios for
management of risks, and identifying different factors determining present value of options.
CO9: Applying the third dimension of astrology, understanding the impact of the movement of planets on the market sentiments and share price
movement of listed companies or stock market indices.
Unit No. Topic/Unit Contact Weight BT CO PSO Elemen Releva Relatio
Hours age Levels ts of nce to n to
 (%) Emplo Local Gender
yability (L)/ (G),
(Emp) Nation Enviro
/ al (N)/ nment
Entrep Region and
reneur al(R)/G Sustain
ship lobal ability
(Ent)/ (G) (ES),
Skill develo Human
Develo pmenta Values
pment l needs (HV)an
(SD) d
Profess
ional
Ethics
(PE)
UNIT 1 1. The Investment Environment: An Overview. CO1 PSO8 L.R.N.
11hrs 25% 1,2,3
2. Risk and Return. CO2 PSO10 S.D. G
UNIT 2 1. Equity Valuation: Balance Sheet Valuation –
Dividend Discount Model – Earnings Multiplier
CO3 PSO8 L.R.N.
Approach. 11hrs 25% 1.2,3,4 S.D.
CO4 PSO10 G
2. Fundamental Analysis (Economy-Industry-
Company Analysis).
UNIT 3 1. Technical Analysis : Basic Premises – Charting
1,2,3,4, CO5 PSO8 Emp. L.R.N.
Techniques – Technical Indicators. 11hrs 25%
6 CO6 PSO10 S.D. G
2. The Analysis and Valuation of Bonds.
UNIT 4 1. Investment in Real Assets.
CO7
2. Derivatives : Futures, Options, and Option PSO8 L.R.N.
12hrs 25% 2, 4,5,6 CO8 S.D.
Strategies. PSO10 G
CO9
3. Financial Astrology.
Reference Books:
1. Investment Analysis & Portfolio Management - Prasanna Chandra, 5th Edition (McGraw Hill, India)
2. Investment Analysis and Behaviour – Mark Hirschey & John Nofsinger (TMH) (SIE)
3. Investments - Bodie, Kane, Marcus and Mohanty, 11th Edition (McGraw Hill, India) (SIE)
4. Investment Management - Preeti Singh, 20th Edition (HPH)
5. Fundamentals of Investments – Alexander, Sharpe & Bailey (PHI)
6. Investment Analysis & Portfolio Management – Frank Reilly & Keith Brown, 11th Edition (Cengage Learning)
7. Study Material on Investment Analysis & Portfolio Management Module (NCFM – NSE)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
ACF 2307: Advanced Management 03/Week
Year II Accounting
Credits/ Hours
Year of Introduction: 2018-19 100
Semester I Maximum Grade
Year of Syllabus Revision:
Mode of Transaction Lectures and Tutorials
Course Outcomes (COs):
CO 1: Understand Management Accounting, its scope, functions and its comparison with other Braches of Accounting
CO 2: Acquaint with basic concepts & Application of Marginal Cost and Costing and Absorption costing.
CO 3: Demonstrate Cost Volume Profit Analysis & Break Even Analysis and its Application for decision making.
CO 4: Equipped with the ability for short term decision making
CO 5: Conceptual explanation & application of Budgeting and its Control, Responsibility accounting & Transfer pricing
CO 6: Demonstrate and practice Role, trends and developments related to Management Control System & MIS.
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relatio
No. Hours (%) Level of nce to n to
Employa Local Gende
bility (L)/ r (G),
(Emp)/ Nation Enviro
Entrepre al (N)/ nment
neurship Region and
(Ent)/ al(R)/G Sustain
Skill lobal ability
Develop (G) (ES),
ment develo Huma
(SD) pmenta n
l needs Values
(HV)a
nd
Profess
ional
 Ethics
(PE)
1 • Introduction and Basic Concepts
CO1,
• Cost Volume Profit Analysis: Introduction and 1,2,3 PSO5
15 25 CO2,
use in Business decisions &4 PSO10
CO3
• Decision Making Under Risk and Uncertainty
2 • Short Term Business Decisions using tools,
Allocation of scarce resources, identification of 15 1,2,3 PSO5 (EMP),
25 CO4
best alternative etc. &4 PSO10 (ENT) N, L (PE)
(SD)
3 • Budgeting and Budgetary control 1,2,3 PSO5
• Responsibility Accounting 15 25
&4
CO5
PSO10
• Transfer Pricing
4 • Performance Measurement 1,2,3 PSO5
• Management Information System (MIS) 15 25
&4
CO6
PSO10
• Management Control System
Reference Books
7. Operations Research -V.K.Kapoor (Sultan Chand)
8. Operations Research – KantiSwarup (Sultan Chand)
9. Statistical Methods – S.P.Gupta (Sultan Chand)
10.Quantitative Techniques in Management-N.D. Vohra (TMH)
11.Quantitative Methods for Management Decision – Dr. C.R. Reddy (Himalaya Pub. House)
12.Operations Research – K. Shridhara (Himalaya Pub. House)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting

ACF 2308 : Contemporary Issues

Year II Credits / Hours 03/Week
in Accounting
Year of Introduction: 2018-19
Semester I Maximum Marks / Grade 100
Year of Syllabus Revision: -
Mode of Transaction Lectures
Course Outcomes (COs): ACF2308
CO1 Understand the concept of forensic accounting.
CO2 Acquaintance with fair value measurement & its recognition norms as per relevant IND AS.
CO3 Detailed understanding on accounting for various type of Hedge.
CO4 Acquaintance with concept of EVA & enabling than to prepare Economic Value added Statement.
CO5 Understand the regulatory norms of corporate governance.
CO6 Gain detailed understanding of brand valuation & its accounting.
CO7 Prepare the Report Statements for Interim Periods and Segments.
CO8 Understand concept of share based payments & its accounting treatment applying relevant IND AS.
CO9 Awareness about the various contemporary issues in accounting.
Contact Weightage BT CO PSO Elemen Releva Relation
Hours (%) Level ts of nce to to
Emplo Local Gender
yability (L)/ (G),
(Emp)/ Nation Environ
Entrep al (N)/ ment and
reneur Regio Sustaina
ship nal(R) bility
(Ent)/ /Globa (ES),
Skill l (G) Human
Develo develo Values
pment pment (HV) and
 (SD) al Professio
needs nal
Ethics
(PE)
1 Forensic Accounting PSO10
CO1
Fair Value Measurement and Accounting 11 25 1,2,3 PSO11
CO2
PSO12
2 Hedge Accounting CO3 PSO10
Economic Value Added 11 25 1,2,3 PSO11
CO4
PSO12
3 Corporate Governance EMP,
Brand Valuation CO5 PSO10 ENT,S N PE
11 25 1,2, 3 CO6 PSO11
Interim Financial Reporting D
CO7 PSO12
Segment Reporting
4 Share Based Payment
Environmental Accounting CO8 PSO10
12 25 1, 2,3 CO9 PSO11
Human Resource Accounting PSO12
Farm Accounting
Note: The recent developments in the paper be considered as implied part of the Curriculum.
Reference Books
1. Corporate Governance and Forensic Accounting by Balwindersingh, Pearson Education,(2014)
2. Fraud Auditing and Forensic Accounting by Tommy W. Singlton and Aaron Singleton, Willy
3. Ind AS- Interpretation, Issues and Practical Application by Dolphy D’Souza and Vishal Bansal, Snow, White Publications, 2015.
4. Indian Accounting Standards – Ready Recknor by Dr. A.L.Saini, Snow white Publications, 2016
5. Corporate Governance by Indian Institute of Corporate Affairs,2016
6. The Essential Book on Corporate Governance by G.N.Bajpai, SAGE Publication, 2016
7. Brand Valuation by Luc Paugam, Routledge studies in Accounting (2016)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Core Compulsory
Year II ACF 2417 : Strategic Financial Credits /Hours 03/Week
Management
Year of Introduction: 2020-21
Semester II Maximum Grade/ Marks 100 marks
Year of Syllabus Revision: ________
Mode of Transaction Lectures + Practical real situation
Course Outcomes (COs):
CO1 Demonstrate the role of strategy in financial management
CO2 Develop estimates regarding cash flows for capital budgeting decision
CO3 Identify the best investment proposal by applying and analyzing it through various capital budgeting techniques under simple
And certain situations
CO4 Identify the best investment proposal under complex situations like capital rationing
CO5 Estimate the effect of risk and uncertainty on capital budgeting decision based on certain statistical tools
CO6 Analyze the relationship between capital structure and value of the firm based on various theories and to judge practical realities for
developing the capital structure
CO7 Assess the effect of leverage on the level of risk to which the firm is exposed
CO8 Evaluate alternative long term sources of finance and select best of them
CO9 Assess strategic issues related to business restructuring, evaluate its financial implications and select best of the possible options
CO10 Assess the corporate value for various strategic purposes
CO11 Predict the sickness of an undertaking and to develop strategy to overcome the same
CO12 Demonstrate the situations of international exposure and assess the effect of the same on functioning of an organization
Unit Topic/Unit Contact Weightage BT CO PSO Elements Releva Relation
No. Hours (%) Level of nce to to
Employa Local Gender
bility (L)/ (G),
(Emp)/ Nation Environ
Entrepre al (N)/ ment
neurship Region and
(Ent)/ al(R)/G Sustaina
Skill lobal bility
Develop (G) (ES),
ment develo Human
(SD) pmenta Values
l needs (HV)and
Professi
onal
Ethics
(PE)

1 • Strategic Financial Management : Introduction

• Capital Budgeting: CO1,
o Estimation of Cash flows CO2, PSO
1,2,3,
12 25 CO3, 10
o Capital Budgeting- Simple analysis 4,5,6
CO4,
o Capital Budgeting- Complex analysis CO5
• Capital Budgeting- Risk analysis
2 • Capital Structure Planning : Models and Practical 1,2,3, PSO (EMP),
CO6, (L, R,
issues 11 25 4,5,6 10 (ENT), (PE)
CO7 N, G)
• Operating and Financial Leverages (SD)
3 • Long Term Financing 1,2,3, PSO
4,5,6 CO8,
• Business restructuring: Strategic issues and 11 25 10
CO9
financial evaluation
4 • Corporate Valuation, Shareholder Value Creation 1,2,3, PSO
CO10
• Financial Management in Sick Units and PSUs. 4,5,6 9
11 25 CO11,
• International Financial Management: An PSO
CO12
10
 Introduction
Reference Books
1. Financial Management : I. M. Pandey (Vikas)
2. Financial Management : Theory & Practice by Prasanna Chandra (TMH)
3. Fundamentals of Financial Management : Ramesh K. S. Rao (Macmillan)
4. Corporate Finance Theory & Practice by AswathDamodaran (John Wiley)
5. Corporate Finance : Theory & Practice by Vishwanath S.R. (Response Books/Sage)
6. Essentials of Managerial Finance : Weston & Brigham
7 Financial Management : Ravi M. Kishore (Taxmann)
8 Fundamentals of Financial Management : James C. Van Horne
9 Principles of Corporate Finance : Brealey and others (TMH)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce Academic Year 2020-21
Department of Accounting and Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Compulsory Paper
Year II Credits / Hours 03/Week
ACF2418 : Portfolio Management
Year of Introduction: 2018-19
Semester II Maximum Marks / Grade 100
Year of Syllabus Revision :
Mode of Transaction Lectures and Tutorials
Course Outcomes (COs): ACF2402
CO1 : Understand the benefits of diversification, measure the return and risk of a portfolio, the concept of an efficient portfolio, and
how the optimal portfolio is selected.
CO2 : Able to understand the risk-reward relationship using Capital Market Line and Security Market Line and discuss Efficient Market
Hypothesis.
CO3: Able to understand the practical significance of the concept of Duration, describe the properties of duration, and discuss the passive, active,
and immunization / hybrid strategies of bond portfolio management.
CO4 : Get the concept of a Mutual Fund, the investment orientation of different MF schemes, understand the key financial numbers, and
Summarize the pros and cons of mutual fund investing.
CO5: Understand the benefits and risks of global investing, the formulae for measuring the return and risk of foreign investments,
get knowledge of the important investment options globally and the procedure for investing,
CO6 : Understanding the objectives, constraints, and preferences of the investor, define the hierarchy of capital market expectations, select an
asset mix based on the investor’s time horizon and risk tolerance, different types of asset allocation, and formulation of active and
passive equity and bond portfolio strategies.
CO7 : Selection of bonds based on relevant factors and broad approaches employed in the selection of stocks, understanding the nature of the
trading game, highlighting the need for portfolio revision, and evaluation of portfolio performance by calculating different measures.
CO8 : Understanding the basics of Professional and Institutional Money Management services of experts.
CO9: Get introduced to the features of Faith Investing as an additional final screen for investors to ensure that their money is going to companies
that would not offend their religious principles/faiths.
Unit No. Topic/Unit Contac Weighta BT CO PSO Elemen Releva Relatio
 t ge Levels ts of nce to n to
Hours (%) Emplo Local Gende
yability (L)/ r (G),
(Emp) Nation Enviro
/ al (N)/ nment
Entrep Region and
reneur al(R)/G Sustain
ship lobal ability
(Ent)/ (G) (ES),
Skill develo Huma
Develo pmenta n
pment l needs Values
(SD) (HV)a
nd
Profess
ional
Ethics
(PE)
UNIT 1 1. Portfolio Theory.
PSO8
2. Capital Asset Pricing Model – Efficient Market CO1
11hrs 25% 1,2,3,4 PSO10
Hypothesis. CO2

UNIT 2 1. Bond Portfolio Management :

Interest Rate Risk – Active & Passive Strategies – PSO8
1.2,3,4, CO3
Immunization : A Hybrid Strategy. 11hrs 25% PSO10
6 CO4
2. Mutual Funds : Concept – Schemes and Products
– Evaluation – Pros, Cons, and the choice. Emp. L.R.N. H.V.
UNIT 3 1. Global Investing. Ent. G. P.E.
2. Portfolio Management : Investment Policy and
Strategy : The Grand Design S.D.
PSO8
(i) Specification of Investment Objectives and 1,2,3,4, CO5
11hrs 25% PSO10
Constraints 5 CO6
(ii) Quantification of Capital Market Expectations
(iii) Asset Allocation
(iv) Formulation of Portfolio Strategy.
UNIT 4 1. Portfolio Management : Implementation and
Review : The Specific Moves
(i) Selection of Securities
(ii) Portfolio Execution CO7 PSO8
1,2,3,4,
(iii) Portfolio Revision 12hrs 25% CO8 PSO10
5,6
(iv) Portfolio Evaluation CO9
2. Contemporary Developments :
Professional and Institutional Money Management –
Faith Investing.
Reference Books:
1. Investment Analysis & Portfolio Management - Prasanna Chandra, 5th Edition (McGraw Hill, India)
2. Investment Analysis and Behaviour – Mark Hirschey & John Nofsinger (TMH) (SIE)
3. Investments - Bodie, Kane, Marcus and Mohanty, 11th Edition (McGraw Hill, India) (SIE)
4. Investment Management - Preeti Singh, 20th Edition (HPH)
5. Fundamentals of Investments – Alexander, Sharpe & Bailey (PHI)
6. Investment Analysis & Portfolio Management – Frank Reilly & Keith Brown, 11th Edition (Cengage Learning)
7. Portfolio Construction, Management, & Protection – Robert A. Strong
8. Study Material on Investment Analysis & Portfolio Management Module (NCFM – NSE)
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
Year II ACF 2411 Advanced Accounting Credits / Hours 03/Week
Year of Introduction: 2018-19
Semester I1 Maximum Marks / Grade 100
Year of Syllabus Revision: -
Mode of Transaction Lectures
Course Outcomes (COs): ACF2411
CO1 Understand measurement & recognition norms with regards to business combinations as per relevant IND AS.
CO2 Detailed understanding on preparation of consolidated financial statements applying relevant IND AS.
CO3 Gain knowledge in preparation of financial statements with regards to investment in joint venture & associates
applying IND AS.
CO4 Able to do accounting for various financial instruments applying IND AS
CO5 Able to do accounting for foreign currency transaction applying relevant IND AS.
CO6 Able to calculate the employee benefits & understand its accounting treatment as per relevant IND AS.
Contact Weightage BT CO PSO Elem Releva Relatio
Hours (%) Level ents nce to n to
of Local Gende
Empl (L)/ r (G),
oyabil Nation Enviro
ity al (N)/ nment
(Emp Region and
)/ al(R)/G Sustain
Entre lobal ability
prene (G) (ES),
urshi develo Huma
p pmenta n
(Ent)/ l needs Values
Skill (HV)a
Devel nd
 opme Profess
nt ional
(SD) Ethics
(PE)
1 Accounting For Business Combinations – Acquisition PSO10
Method- treatment of goodwill- Common control CO1
11 25 1,2,3 PSO11
business combinations – Bargain Purchase PSO12
2 1. Consolidated Financial Statements – concept of
group- concept of control- preparation of
PSO10
Consolidated Financial Statements CO2 PSO11
2. Investment in Associates and Joint Venture – 11 25 1,2,3
CO3 PSO12
Associate- Significant Influence- Joint
Arrangement- Joint Control- Joint Venture- Equity EMP,
Method ENT, N PE
3 1. Accounting for Financial Instruments – Financial SD
PSO10
Assets- Financial Liabilities- Measurement,
PSO11
Recognition and Presentation 11 25 1,2, 3 CO4
PSO12
2. Hedge Accounting- Cash Flow Hedge and Fair
Value Hedge
4 1. Accounting for Foreign Currency Transactions – PSO10
2. Foreign Operations Accounting for Employee CO5 PSO11
12 25 1, 2,3
Benefits CO6 PSO12

Note: The recent developments in the paper be considered as implied part of the Curriculum.
Reference Books
1. Illustrated Guide to Ind AS by B. D. Chatterji, 3rdEdition,TAXMANN Publication.
2. Ind AS simplified by CA Anand J Banka, Wolters Kluwer CCH Publication,2016.
3. Ind AS- Interpretation, Issues and Practical Application by Dolphy D’Souza and Vishal Bansal, Snow White Publications, 2015.
4. Indian Accounting Standards – Ready Recknor by Dr. A.L.Saini,Snow white Publications, 2016
5. Practical Guide to Ind AS and IFRS by CA Kamal Garg, Bharat Publication,2016
6. A Quick Guide to Indian Accounting Standards by Chintan Patel and Bhupendra Mantri, TAXMANN Publications,2017( 3rd Edition)
7. Financial Instruments as per Ind AS – Accounting, Reporting, Presentation and Disclosure by R.VenkataSubramanyam, Wolters Kluwer
CCH Publication,2016
 The Maharaja Sayajirao University of Baroda
Faculty of Commerce
Academic Year 2020-21
Department of Accounting & Financial
Management
M.COM (ACCOUNTING AND FINANCIAL MANAGEMENT) - With Specialization in Accounting
ACF 2412: Financial Statement
Year II Credits / Hours 03/Week
Analysis and Research
Year of Introduction: 2018-19
Semester II Maximum Marks / Grade 100
Year of Syllabus Revision: -
Mode of
Lectures and Tutorials
Transaction
Course Outcome (CO) ACF 2106
CO1: Get knowledge and understanding of the objectives of Financial Statement Analysis and learn the different Tools and
Techniques of Financial Statement Analysis.
CO2: Do Illustrations, Calculations and Application of the Tools and Techniques learnt to analyze, interpret and evaluate financial statements of
corporate entities.
CO3:Analysis of Cash Flow statements to assess the quality of cash flow position of a company and its ability to generate
positive cash flows in future.
CO4: Analysis of Funds Flow statements to analyze the changes in financial position of a firm showing the sources and
applications of its funds.
CO5: Understand Research Methodology including basic concepts employed in quantitative and qualitative research
methods.
CO6: Discuss and Identify Research problems in Accounting & Finance.
CO7: Analyze financial information using statistical methods.
CO8: Analyze financial information using softwares.
CO9: Able to apply and use MS Excel in Accounting & Finance.
Unit Topic/Unit Contact Weightage BT CO PSO Elemen Releva Relatio
No. Hours (%) Level ts of nce to n to
Employ Local Gender
ability (L)/ (G),
(Emp)/ Nationa Enviro
Entrepr l (N)/ nment
 eneursh Region and
ip al(R)/G Sustain
(Ent)/ lobal ability
Skill (G) (ES),
Develo develop Human
pment mental Values
(SD) needs (HV)an
d
Profess
ional
Ethics
(PE)
1 Financial Statement Analysis: Introduction, Tools and 11 25 1,2,3, CO1,
Techniques 4,6 CO2 PSO10
PSO13
Analysis of Profit and Loss statement and Balance
Sheet
2 Analysis of Cash Flow Statement 11 25 1,3,4,6 CO3, PSO10
Analysis of Funds Flow Statement CO4 PSO13
EMP
ENT N PE
3 Research Methodology 11 25 1,2,4 CO5, PSO10
SD
Identification of Research problems in Accounting & CO6 PSO13
Finance
4 Analysis of Financial information using statistical 12 25 2,3, CO7,
methods 4 CO8, PSO10
PSO13
Analysis of Financial information using softwares CO9
Use of MS Excel in Accounting & Finance
Reference Books
1. Financial Statement Analysis, S.Kr. Paul, New Central book Agency
2. Business Analysis Valuations using Financial Statements, Krisna G. Palepu and Paul M. Heal, Cengage Publication(2015)
3. Financial Analysis and Modelling using Excel and VBA, Chandan Sengupta, Wiley
4. Financial Statement Analysis by K.R Subramanyam, Mc Graw Hill (2014)
5 Financial Statement Analysis by George Foster, Pearson Publication
6. Building Financial Models with MS Excel by K Scott Proctor, Wiley
7. Research Methods in Accounting by Malcolm Smith, SAGE Publication
8. Research Methodology : Methods and Techniques by CR Kothari, New Age Publications