COMMERCE AND ACCOUNTANCY

Accounting and Finance

Accounting, Taxation & Auditing:

1. Financing Accounting :
Accounting as a financial information system; Impact of behavioural sciences. Accounting
Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-term
Construction Contracts, Revenue Recognition, Fixed Assets, Contingencies, Foreign Exchange
Transactions, Investments and Government Grants, Cash Flow Statement, Earnings per Share.

Accounting for Share Capital Transactions including Bonus Shares, Right Shares.
Employees Stock Option and Buy-Back of Securities.
Preparation and Presentation of Company Final Accounts.
Amalgamations, Absorption and Reconstruction of companies.
2. Cost Accounting:
Nature and functions of cost accounting. Installation of Cost Accounting System. Cost Concepts
related to Income Measurement, Profit Planning, Cost Control and Decision Making.

Methods of Costing: Job Costing, Process Costing, Activity Based Costing.
Volume-cost-Profit Relationship as a tool of Profit Planning.
Incremental Analysis/Differential Costing as a Tool of Pricing Decisions, Product Decisions,
Make or Buy Decisions, Shut-Down Decisions etc.

Techniques of Cost Control and Cost Reduction : Budgeting as a Tool of Planning and Control.
Standard Costing and Variance Analysis.

Responsibility Accounting and Divisional Performance Measurement.

3. Taxation :
Income Tax: Definitions. Basis of charge; Incomes which do not form part of total income.
Simple problems of Computation of Income (of individuals only) under various heads, i.e.,
Salaries, Income from House Property, Profits and Gains from Business or Profession, Capital
Gains, Income from other sources, Income of other Persons included in Assessee's Total
Income.
Set-off and Carry forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT and Services Tax.

4. Auditing :
Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit.
Audit of Banking, Insurance, Non-Profit Organization and Charitable Societies/Trusts/
Organizations.





Financial Management, Financial Institutions and Markets
I. Financial Management :
Finance Function: Nature: Scope and Objectives of Financial Management-7:trisk and Return
Relationship.

Tools of Financial Analysis; Ratio Analysis, Funds-Flow and Cash-Flow Statement. Capital
Budgeting Decisions. Process, Procedures and Appraisal Methods. Risk and Uncertainty Anlysis
and Methods. Cost of Capital : Concept, Computation of Specific Costs and Weighted Average
Cost of Capital. CAPM as aTool of Determining Cost of Equity Capital.

Financing Decisions: Theories of Capital StructureNet Income (NI) Approach.

Net Operating Income (NOI) Approach, MM Approach and Traditional Approach. Designing of
Capital structure: Types of Leverages (Operating, Financial and Combined), EBIT-EPS
Analysis, and other Factors.

Dividend Decisions and Valuation of Firm : Walter's Model, MM Thesis, Gordan's Model
Lintner's Model. Factors Affecting Dividend Policy.

Working Capital Management: Planning of Working Capital. Determinants of Working Capital.
Components of Working CapitalCash, Inventory and Receivables.

Corporate Restructuring with focus on Mergers and Acquisitions (Financial asppect only).

2. Financial Markets and Institutions :
Indian financial System: An Overview Money Markets: Participants, Structure and Instruments.
Commercial Banks. Reforms in Banking sector. Monetary and Credit Policy of RBI. RBI as a
Regulator.

Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative
Debt Instruments; SEBI as a Regulator.

Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and
IRDA.

Organisation Theory and Behaviours, Human Resource

Management and Industrial Relations

Organisation Theory and Behaviour

1. Organisation Theory :
Nature and concept of Organisation; External Environment of OrganisationTechnological,
Social, Political, Economical and Legal; Organizational Goals Primary and Secondary Goals,
Single and Multiple Goals; Management by Objectives.
Evolution of Organisation theory: Classical Neoclassical and System Approach.


Modern Concepts of Organisation Theory : Organisational Design, Organisationals Structure
and Organisational Culture.
Organisational DesignBasic Challenges; Differentiation and Intergration Process;
Centralization and Decentralization Process; Standardization/Formalization and Mutual
Adjustment. Coordinating Formal and Informal Organizations. Mechanistic and Organic
Structures.

Designing Organizational structuresAuthority and Control; Line and Staff Functions,
Specialization and Coordination. Types of Organization StructureFunctional. Matrix
Structure, Project Structure. Nature and Basis of Power, Sources of Power, Power Structure and
Politics. Impact of Information Technology on Organizational Design and Structure.

Managing Organizational Culture.

2. Organisation Behaviour :
Meaning and Concept; Individual in organization: Personality, Theories, and Determinants;
Pereception Meaning and Process.


Motivation: Concepts, Theories and Applications. LeadershipTheories and Styles. Quality of
Work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality
Circles (QC)Meaning and their Importance. Management of Conflicts in Organizations.
Transactional Analysis, Organizational Effectiveness, Management of Change.

Human Resources Management and Industrial
Relations

1. Human Resources Management (HRM) :
Meaning Nature and Scope of HRM, Human Resource Planning, Job Analysis, Job Description,
Job Specification, Recruitment Process, Selection Process, Orientational and Placement,
Training and Development Process, Performance Appraisal and 360 Feed Back, Salary and
Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers and
Separations.

2. Industrial Relations (IR) :
Meaning, Nature, Importance and Scope of IR, Formation of Trade Union, Trade Union
Legislation, Trade Union Movement in India. Recognition of Trade Unions, Problems of Trade
Unions in India. Impact of Liberalization on Trade Union Movement.

Nature of Industrial Disputes: Strikes and Lockouts, Causes of Disputes, Prevention and
Settlement of Disputes.

Worker's Participation in Management: Philosophy, Rationale, Present Day Status and Future
Prospects.









Adjudication and Collective Bargaining.

Industrial Relations in Public Enterprises Absenteeism and Labour Turnover in Indian Industries
and their Causes and Remedies.

ILO and its Functions.