B.Com.

CBCS

B. Com. : Three-Year (6-Semester) CBCS

Programme
Basic Structure: Distribution of Courses
Foundation Courses
1 2 Papers of 2 Credit Hrs. each (Total Credit Hrs. 2X2) 4
(Compulsory)
Foundation Courses (Skill-
2 4 Papers of 2 Credit Hrs. each (Total Credit Hrs. 4X2) 8
based)
12 Papers of 6 Credit Hrs. each (Total Credit Hrs. 12X6)
3 Core Discipline 72
(5 Lectures and 1 Tutorial)
Elective Courses (Core 3 Papers of 6 Credit Hrs. each (Total Credit Hrs. 3X6)
4 18
Discipline) (5 Lectures and 1 Tutorial)
Elective Courses (Inter- 3 Papers of 6 Credit Hrs. each (Total Credit Hrs. 3X6)
5 18
Disciplinary) (5 Lectures and 1 Tutorial)
Total Credit Hrs 120

Notes:

1 Ideal Lecture Class size: 50 to 60 students

2 Ideal Tutorial group Size : 12 to 15 students

3 Ideal Laboratory Practical Batch Size: 20 Students

Proposed By:

Professor DPS Verma Dr. Ashok Sehgal

 B.Com. CBCS

B. Com. : Three-Year (6-Semester) CBCS

Programme
Course Structure
Semester I
1.1 Environmental Studies Foundation Course - Compulsory
1.2 Financial Accounting Core Discipline
1.3 Business Organisation and Management Core Discipline
Elective Course- Inter-
Principles of Micro Economics
1.4 Disciplinary

Semester II
2.1 Language: English/Hindi/Modern Indian Language Foundation Course - Compulsory
2.2 Business Law Core Discipline
2.3 Business Mathematics and Statistics Core Discipline
Elective Course- Inter-
Principles of Macro Economics
2.4 Disciplinary

Semester III
3.1 Company Law Core Discipline
3.2 Income Tax Core Discipline
Elective Course- Inter-
Indian Economy
3.3 Disciplinary
3.4 Banking and Insurance Foundation Course - Skill-based

Semester IV
4.1 Indirect Taxes Core Discipline
4.2 Corporate Accounting Core Discipline
4.3 Human Resource Management Elective Core- Discipline
4.4 E-Commerce Foundation Course - Skill-based

Semester V
5.1 Auditing and Corporate Governance Core Discipline
5.2 Cost Accounting Core Discipline
5.3 Principles of Marketing Elective Core-Discipline
5.4 Computer Applications in Business Foundation Course - Skill-based
 B.Com. CBCS

Semester VI
6.1 Fundamentals of Financial Management Core Discipline
6.2 Business Communication Core Discipline
6.3 Personal Selling and Salesmanship Foundation Course - Skill-based
6.4 Any one of the following Elective Core-Discipline
a. International Business
b. Consumer Affairs and Customer Care
c. Entrepreneurship and Small Business
d. Organisational Behaviour
e. Indian Polity and Governance
f. Office Management and Secretarial Practice
g. Corporate Tax Planning
h. Fundamentals of Investment
i. Management Accounting
Proposed By:

Professor DPS Verma Dr. Ashok Sehgal

 B.Com. CBCS

B.Com.: Semester I
Paper 1.2: FINANCIAL ACCOUNTING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives: The objective of this paper is to help students to acquire conceptual knowledge of the
financial accounting and to impart skills for recording various kinds of business transactions.

CONTENTS

Unit 1. (a) Theoretical Framework 5 Lectures

i. Accounting as an information system, the users of financial accounting information and

their needs. Qualitative characteristics of accounting, information. Functions, advantages
and limitations of accounting. Branches of accounting. Bases of accounting; cash basis
and accrual basis.
ii. The nature of financial accounting principles – Basic concepts and conventions: entity,
money measurement, going concern, cost, realization, accruals, periodicity, consistency,
prudence (conservatism), materiality and full disclosures.
iii. Financial accounting standards: Concept, benefits, procedure for issuing accounting
standards in India. Salient features of Accounting Standard (AS): 1 (ICAI). International
Financial Reporting Standards (IFRS): - Need and procedures.
(b) Accounting Process 12 Lectures

From recording of a business transaction to preparation of trial balance including adjustments:

Manual and Computerised Accounting Systems (Computerized Accounts by using any popular
accounting software: Creation of vouchers and recording transactions, preparing reports – cash
book and bank book, ledger accounts, trial balance, Profit and Loss Account (Income Statement)
and Balance Sheet.)

Unit 2. (a) Business Income 8 Lectures

i. Measurement of business income-Net income: the accounting period, the continuity doctrine
and matching concept. Objectives of measurement.
ii. Revenue recognition: Salient features of Accounting Standard (AS): 9 (ICAI) Recognition of
expenses.
iii. The nature of depreciation. The accounting concept of depreciation. Factors in the
measurement of depreciation. Methods of computing depreciation: straight line method and
diminishing balance method; Disposal of depreciable assets-change of method. Salient
features of Accounting Standard (AS): 6(ICAI)
iv. Inventories: Meaning. Significance of inventory valuation. Inventory Record Systems:
periodic and perpetual. Methods: FIFO, LIFO and Weighted Average. Salient features of
Accounting Standard (AS): 2 (ICAI)
(b) Final Accounts 8 Lectures
Capital and revenue expenditures and receipts: general introduction only. Preparation of
financial statements of non-corporate business entities
 B.Com. CBCS

Unit 3. Accounting for Hire Purchase and Installment Systems, Consignment, and Joint Venture

i) Accounting for Hire Purchase Transactions, Journal entries and ledger accounts in the books of
Hire Vendors and Hire purchaser for large value items including Default and repossession.
ii) Consignment: Features, Accounting treatment in the books of the consignor and
consignee.
iii) Joint Venture: Accounting procedures: Joint Bank Account, Records Maintained by Co-
venturer of (a) all transactions (b) only his own transactions. (Memorandum joint venture
account).
15 Lectures

Unit 4. Accounting for Inland Branches 9 Lectures

Concept of dependent branches; accounting aspects; debtors system, stock and debtors system,
branch final accounts system and whole sale basis system. Independent branches: concept-
accounting treatment: important adjustment entries and preparation of consolidated profit and
loss account and balance sheet.
Unit 5. Accounting for Dissolution of Partnership Firm

Accounting of Dissolution of the Partnership Firm Including Insolvency of partners, sale to a

limited company and piecemeal distribution 8 Lectures
Note:
1. Any revision of relevant accounting standard issued by ICAI would become applicable
immediately.
2. Examination Scheme for Computerised Accounts – Practical for 20 marks. The practical
examination will be for 1 hour.
3. Theory Exam shall carry 80 marks

Suggested Readings:

1. Anthony,. Hawkins, and Merchant, Accounting: Text and Cases. McGraw-Hill Education.
2. Horngren, Introduction to Financial Accounting, Pearson Education.
3. Monga, J.R. Financial Accounting: Concepts and Applications. Mayoor Paper Backs, New Delhi.
4. Shukla, M.C., T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand and Co., New
Delhi.
5. Maheshwari, S.N. and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House, New
Delhi.
6. Sehgal, Ashok, and Deepak Sehgal. Advanced Accounting. Part –I. Taxmann Applied Services, New
Delhi.
7. Bhushan Kumar Goyal and HN Tiwari, Financial Accounting, International Book House
8. Goldwin, Alderman and Sanyal, Financial Accounting, Cengage Learning.
9. Tulsian, P.C. Financial Accounting, Pearson Education.
8. Jain, S.P. and K.L. Narang. Financial Accounting, Kalyani Publishers, New Delhi
9. Compendium of Statements and Standards of Accounting. The Institute of Chartered Accountants of
India, New Delhi
Note: Latest edition of the text books should be used.
 B.Com. CBCS

B.Com.: Semester I I
Paper 1.3: BUSINESS ORGANISATION AND MANAGEMENT

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The course aims to provide basic knowledge to the students about the organisation and
management of a business enterprise.

Contents
Unit I Lectures: 13

Foundation of Indian Business: Manufacturing and service sectors; Small and medium enterprises;
Problems and government policy. India’s experience of liberalisation and globalisation. Technological
innovations and skill development. ‘Make in India’ Movement. Social responsibility and ethics.
Emerging opportunities in business; Franchising, Outsourcing, and E-commerce.

Unit II Lectures: 13
Business Enterprises
Forms of Business Organisation: Sole Proprietorship, Joint Hindu Family Firm, Partnership firm, Joint
Stock Company, Cooperative society; Limited Liability Partnership; Choice of Form of Organisation.
Government - Business Interface; Rationale and Forms of Public Enterprises. International Business.
Multinational Corporations.

Unit III Lectures: 13

Management and Organisation
The Process of Management: Planning; Decision-making; Strategy Formulation.
Organizing: Basic Considerations; Departmentation – Functional, Project, Matrix and Network;
Delegation and Decentalisation of Authority; Groups and Teams.

Unit IV Lectures: 13
Leadership, Motivation and Control
Leadership: Concept and Styles; Trait and Situational Theory of Leadership.
Motivation: Concept and Importance; Maslow Need Hierarchy Theory; Herzberg Two Factors Theory.
Communication: Process and Barriers; Control: Concept and Process.

Unit V Lectures: 13
Functional Areas of Management
Marketing Management: Marketing Concept; Marketing Mix; Product Life Cycle; Pricing Policies and
Practices.
Financial Management: Concept and Objectives; Sources of Funds – Equity Shares, Debentures,
Venture Capital and Lease Finance. Securities Market, Role of SEBI.
Human Resource Management: Concept and Functions; Basic Dynamics of Employer - Employee
Relations.

Suggested Readings:

1. Kaul, V.K., Business Organisation and Management, Pearson Education, New Delhi
2. Chhabra, T.N., Business Organisation and Management, Sun India Publications, New Delhi
3. Robert; Lawrence, Modern Business Organization, Macmilan India.
4. Koontz and Weihrich, Essentials of Management, McGraw Hill Education.
 B.Com. CBCS

5. Basu, C. R., Business Organization and Management, McGraw Hill Education.

6. Jim, Barry, John Chandler, Heather Clark; Organisation and Management, Cengage Learning.
7. Buskirk, R.H., et al; Concepts of Business: An Introduction to Business System, Dryden Press,
New York.
8. Allen, L.A., Management and Organisation; McGraw Hill, New York.
9. Burton Gene and Manab Thakur; Management Today: Principles and Practice; Tata McGraw
Hill, New Delhi.
10. Griffin, Management Principles and Application, Cengage Learning

(Note: Latest Editions of the above books may be used.)

 B.Com. CBCS

B.Com.: Semester I
Paper 1.4: PRINCIPLES OF MICRO ECONOMICS

Duration: 3 hrs. Max. Marks: 100

Lectures: 65

Unit 1: Introduction Lectures 12

(a). Demand and Supply: Determinants of demand, movements vs. shift in demand curve,
Determinants of Supply, Movement along a supply curve vs. shift in supply curve; - Market
equilibrium and price determination.
(b). Elasticity of demand and supply.
(c). Application of demand and supply.

Unit 2: Consumer Theory Lectures 18

Ordinal Utility theory: (Indifference curve approach): Consumer’s preferences; Interference
curves; Budget line; Consumer’s equilibrium; Income and substitution effect; Price
consumption curve and the derivation of demand curve for a commodity; Criticisms of the law
of demand.

Unit 3: Production and Cost Lectures 12

(a). Production: Firm as an agent of production. Concepts of Production function. Law of variable
proportions; Isoquants; Return to scale. Economics and Diseconomies of scale.

(b). Costs: Costs in the short run. Costs in the long run, Profit maximization and cost minimization.
Equilibrium of the firm, Technological Change: the very long run.

Unit 4: Market Structure Lectures 10

(a). Perfect Competition: Assumption; Theory of a firm under perfect competition;

Demand and Revenue; Equilibrium of the firm in the short run and long run, The long run
industry supply curve: increasing, decreasing and constant cost industry. Allocation efficiency
under perfect competition
(b). Monopoly: Short-run and long-run equilibrium of monopoly firm; Concept of supply curve
under monopoly; Allocation inefficiency and dead-weight loss monopoly; Price
discrimination.
(c). Imperfect Competition: Difference between perfect competitions, monopoly and
imperfect competition;
(i) Monopolistic Competition: Assumption; Short – run Equilibrium; Long run Equilibrium;
Concepts of excess capacity; Empirical relevance.
(ii) Oligopoly: Causes for the existence of oligopolistic firms in the market rather than
perfect Competition; Cooperative vs. Non cooperative Behaviour and dilemma of
oligopolistic firms.
Unit 5: Income Distribution and Factor Pricing Lectures 13
Demand for factors. Supply of factor, backward bending supply curve for labor concepts of
economic rent; Functional Distribution of Income.
8
 B.Com. CBCS

Suggested Readings:
1. Pindyck, R.S., D. L. Rubinfeld and P. L. Mehta; Microeconomics, Pearson Education.
2. N. Gregory Mankiw, Principles of Micro Economics, Cengage Learning
3. Gould, J.P. and E.P. Lazear; Microeconomic Theory, All India Traveller Bookseller, New Delhi.
4. Lipsey, R.G. and K.A. Chrystal; Economics, Oxford University Press.
5. Maddala G.S. and E. Miller; Microeconomics: Theory and Applications, MCGraw-Hill
6. Salvatore, D. Schaum’s Outline of Theory and Problems of Microeconomic Theory, McGraw-
Hill,
7. Case and Fair, Principles of Micro Economics, Pearson Education
8. Koutsiyannis, Modern Micro Economic Theory.
9. Hal R Varian, Intermediate Micro Economics: a Modern Approach,
10. C Snyder and Nicholson, Fundamentals of Micro Economics, Cengage Learning

Note: Latest edition of text books shall be used.

9
 B.Com. CBCS

B.Com.: Semester II
Paper- 2.2: BUSINESS LAW

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The objective of the course is to impart basic knowledge of the important business laws
along with relevant case law.

Contents:
Unit I: The Indian Contract Act, 1872: General Principles of Law of Contract 13 Lectures
a) Contract – meaning, characteristics and kinds
b) Essentials of valid contract - Offer and acceptance, consideration, contractual capacity, free
consent, legality of objects.
c) Void agreements
d) Discharge of contract – modes of discharge including breach and its remedies.
e) Contingent contracts
f) Quasi contracts
Unit II: The Indian Contract Act, 1872: Specific Contracts 13 Lectures
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency
Unit III: The Sale of Goods Act, 1930 13 Lectures
a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties
c) Transfer of ownership in goods including sale by non-owners
d) Performance of contract of sale
e) Unpaid seller – meaning and rights of an unpaid seller against the goods and the buyer.
Unit IV: Partnership Law 13 Lectures
A) The Partnership Act, 1932
a. Nature and Characteristics of Partnership
b. Registration of Firms
c. Types of Partners
d. Rights and Duties of Partners
e. Implied Authority of a Partner
f. Incoming and outgoing Partners
g. Mode of Dissolution of Partnership
B) The Limited Liability Partnership Act, 2008 (an overview)
a) Salient Features of LLP
b) Difference between LLP and Partnership, LLP and Company
c) LLP Agreement,
d) Partners and Designated Partners
e) Incorporation Document
f) Incorporation by Registration
g) Partners and their Relations
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 B.Com. CBCS

Unit V: The Negotiable Instruments Act, 1881 13 Lectures

a) Meaning and Characteristics of Negotiable Instruments : Promissory Note, Bill of
Exchange, Cheque
b) Holder and Holder in due Course, Privileges of Holder in Due Course.
c) Negotiation: Types of Endorsements
d) Crossing of Cheque
e) Bouncing of Cheques

Suggested Readings:

1. Kuchhal, M.C. and Vivek Kuchhal, Business Law, Vikas Publishing House, New Delhi.
2. Singh, Avtar, Business Law, Eastern Book Company, Lucknow.
3. Ravinder Kumar, Legal Aspects of Business, Cengage Learning
4. Maheshwari & Maheshwari, Business Law, National Publishing House, New Delhi.
5. Chadha, P. R., Business Law Galgotia Publishing Company, New Delhi.
6. Aggarwal S K, Business Law, Galgotia Publishers Company, New Delhi.
7. Goyal Bhushan Kumar and Jain Kinneri, Business Laws, International Book House

Note: Latest edition of text books may be used.

11
 B.Com. CBCS

B.Com.: Semester II
Paper 2.3. BUSINESS MATHEMATICS AND STATISTICS

Objective: The objective of this course is to familiarize students with the applications of Mathematics
and statistical techniques in business decisions process.
Notes:
1. Use of simple calculator is allowed.
2. Proofs of theorems / formulae are not required.
3. Trigonometric functions are not to be covered.

Part – A: Business Mathematics Lectures: 26

(a) Matrices: Definition of a matrix. Types of matrices. Algebra of matrices. Calculation of values
of determinants up to third order. Ad joint of a matrix. Finding inverse of a matrix through ad
joint. Applications of matrices for solution to simple business and economic problems.
(b) Differential Calculus: Mathematical functions and their types – linear, quadratic, polynomial.
Concepts of limit, and continuity of a function. Concept of differentiation. Rules of
differentiation – simple standard forms. Applications of differentiation – elasticity of demand
and supply. Maxima and Minima of functions (involving second or third order derivatives)
relating to cost, revenue and profit.
(c) Basic Mathematics of Finance: Simple and compound interest. Rates of interest – nominal,
effective and continuous – and their inter-relationships. Compounding and discounting of a sum
using different types of rates.

Part – B: Business Statistics Lectures: 39

Unit I: Uni-variate Analysis
Measures of Central Tendency including Arithmetic mean, geometric mean and harmonic mean:
properties and applications; mode and median. Partition values - quartiles, deciles, and percentiles.
Measures of Variation: absolute and relative. Range, quartile deviation and mean deviation; Variance
and Standard deviation: calculation and properties.
Unit II: Bi-variate Analysis
Simple Linear Correlation Analysis: Meaning, and measurement. Karl Pearson's co-efficient and
Spearman’s rank correlation
Simple Linear Regression Analysis: Regression equations and estimation. Relationship between
correlation and regression coefficients

Unit III: Time-based Data: Index Numbers and Time Series Analysis
Meaning and uses of index numbers; Construction of index numbers: Aggregative and average of
relatives – simple and weighted, Tests of adequacy of index numbers, Construction of consumer price
indices.
Components of time series; additive and multiplicative models; Trend analysis: Finding trend by moving
average method and Fitting of linear trend line using principle of least squares.

12
 B.Com. CBCS

Suggested Readings:
1. N. D. Vohra, Business Mathematics and Statistics, McGraw Hill Education (India) Pvt Ltd
2. J. K. Sharma, Business Mathematics, Ane Books Pvt. Ltd., New Delhi.
3. J.K. Thukral, Mathematics for Business Studies, Mayur Publications
4. J. K. Singh, Business Mathematics, Himalaya Publishing House.
5. E.T. Dowling, Mathematics for Economics, Schaum’s Outlines Series, McGraw Hill
Publishing Co.
6. Mizrahi and John Sullivan. Mathematics for Business and Social Sciences. Wiley and Sons.
7. Budnick, P. Applied Mathematics. McGraw Hill Publishing Co.
8. J. K. Sharma, Business Statistics, Pearson Education.
9. S.C. Gupta, Fundamentals of Statistics, Himalaya Publishing House.
10. S.P. Gupta and Archana Gupta, Elementary Statistics, Sultan Chand and Sons, New Delhi.
11. Richard Levin and David S. Rubin, Statistics for Management, Prentice Hall of India, New
Delhi.
12. M.R. Spiegel, Theory and Problems of Statistics, Schaum’s Outlines Series, McGraw Hill
Publishing Co.
Note: Latest edition of text books may be used.

13
 B.Com. CBCS

B.Com. Semester II
Paper 2.4: PRINCIPLES OF MACRO ECONOMICS

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives: The course aims at providing the student with knowledge of basic concepts of the macro
economics. The modern tools of macro-economic analysis are discussed and the policy framework is
elaborated, including the open economy.

Contents

Unit I 5 Lectures
Introduction: Concepts and variables of macroeconomics, income, expenditure and the circular
flow; Components of expenditure; Static macroeconomic analysis: short and long run;
Determination of supply; determination of demand; Conditions of equilibrium

Unit II 20 Lectures
Economy in the short run: IS–LM framework, fiscal and monetary policy, determination of
aggregate demand, shifts in aggregate demand, aggregate supply in the short and long run, and
aggregate demand- aggregate supply analysis.

Unit III 20 Lectures

Inflation: causes of rising and falling inflation, inflation and interest rates, social costs of inflation.
Unemployment – natural rate of unemployment, frictional and wait unemployment. Labour market
and its interaction with production system. Phillips curve, the trade-off between inflation and
unemployment, sacrifice ratio, role of expectations: adaptive and rational.

Unit IV 13 Lectures
Open Economy: flows of goods and capital, saving and investment in a small and a large open
economy, exchange rates, Mundell – Fleming model with fixed and flexible prices in a small open
economy with fixed and with flexible exchange rates, interest-rate differentials case of a large
economy.

Unit V 7 Lectures
Behavioural Foundations: Investment –determinants of business fixed investment, effect of tax,
determinants of residential investment and inventory investment. Demand for Money – Portfolio and
transactions theories of demand for real balances, interest and income elasticities of demand for real
balances. Supply of money.

Suggested Readings
1. Mankiw, N. Gregory. Principles of Macroeconomics. Cengage Learning
2. Dornbusch, Rudiger, and Stanley. Fischer, Macroeconomics. McGraw-Hill.
3. Dornbusch, Rudiger., Stanley. Fischer and Richard Startz, Macroeconomics. McGraw-Hill.
4. Salvatore, Dominick. International Economics. John Wiley & Sons Singapore.
5. Branson, William H. Macroeconomic Theory and Policy. HarperCollins India Pvt. Ltd.
14
 B.Com. CBCS

6. GS Gupta, Macroeconomic Theory and Applications, McGraw-Hill

7. C Rangarajan and Bakul H. Dholakia, Principles of Macroeconomic, McGraw-Hill
8. Shapiro, Macroeconomic Analysis,
9. Oliver J Blanchard, Macroeconomic, Pearson Education
10. Robert J Gorden, Macroeconomic, Pearson Education

Note: Latest edition of text books may be used.

15
 B.Com. CBCS

B.Com.: Semester III

Paper 3.1: Company Law

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The objective of the course is to impart basic knowledge of the provisions of the
Companies Act 2013. Case studies involving issues in Company law are required to be
discussed.

UNIT I 15 Lectures
Introduction – Administration of Company Law [including National Company Law Tribunal
(NCLT), National Company Law Appellate Tribunal (NCLAT), Special Courts]; Characteristics
of a company; lifting of corporate veil; types of companies including one person company,
small company, dormant company and producer company; association not for profit; illegal
association; formation of company, on-line filing of documents, promoters, their legal
position, pre-incorporation contract and provisional contracts; on-line registration of a
company.

UNIT II 15 Lectures
Documents – Memorandum of association, articles of association, doctrine of constructive
notice and indoor management prospector-shelf and red herring prospectus, misstatement in
prospectus, GDR; book building; issue, allotment and forfeiture of share, transmission of
shares, buyback and provisions regarding buyback; issue of bonus shares.

UNIT III 15 Lectures

Management – classification of directors, women directors, independent director, small
shareholder’s director; disqualifications, director identity number (DIN); appointment; Legal
positions, powers and duties; removal of directors; Key managerial personnel, managing
director, manager; meetings of shareholders and board; types of meeting, convening and
conduct of meetings, postal ballot, meeting through video conferencing, e-voting. Committees
of Board of Directors - Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee, Corporate Social Responsibility Committee.

UNIT IV 10 Lectures
Dividends, Accounts, Audit– Provisions relating to payment of Dividend, Provisions relating
to Books of Account, Provisions relating to Audit, Auditors' Appointment, Rotation of
Auditors, Auditors' Report, Secretarial Audit.

UNIT V 10 Lectures
Winding Up - Concept and modes of Winding Up.
Insider Trading, Whistle Blowing – Insider Trading; meaning & legal provisions; Whistle-
blowing : Concept and Mechanism.

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 B.Com. CBCS

Suggested Readings:

1. MC Kuchhal Corporate Laws, Shri Mahaveer Book Depot. (Publishers).

2. GK Kapoor & Sanjay Dhamija, Company Law, Bharat Law House.
3. Reena Chadha and Sumant Chadha, Corporate Laws, Scholar Tech Press.
4. Gowar, LCB, Principles of Modern company Law, Stevens & Sons, London.
5. Ramaiya, A Guide to Companies Act, LexisNexis, Wadhwa and Buttersworth.
6. A Compendium of Companies Act 2013, along with Rules, by Taxmann Publications.
7. Avtar Singh, Introduction to company Law, Eastern Book Company

Note: Latest edition of text books may be used.

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 B.Com. CBCS

B.Com.: Semester III

Paper 3.2: INCOME TAX LAW AND PRACTICE
Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide basic knowledge and equip students with application of principles and
provisions of Income-tax Act, 1961.
Unit Contents lectures
I Basic concept: Income, agricultural income, person, assessee, assessment year, 13
previous year, gross total income, total income, maximum marginal rate of tax.
Permanent Account Number (PAN)
Residential status; Scope of total income on the basis of residential status
Exempted income under section 10
II Computation of income under different heads 20
- Salaries
- Income from house property
III Computation of income under different heads 12
- Profits and gains of business or profession
- Capital gains
- Income from other sources
IV Total income and tax computation
- Income of other persons included in assessee’s total income 17
- Aggregation of income and set-off and carry forward of losses
- Deductions from gross total income
- Rebates and reliefs
- Computation of total income of individuals and firms
- Tax liability of an individual and firm
- Five leading cases of Supreme Court
V Preparation of return of income:
- Manually 13
- On-line filing of Returns of Income & TDS.
- Provision & Procedures of Compulsory On-Line filing of returns for specified
assesses.

There shall be a practical examination of 20 Marks on E-filling of Income Tax Returns using a
software utility tool. The student is required fill appropriate Form and generate the XML file.

Suggested readings:
1. Singhania, Vinod K. and Monica Singhania. Students’ Guide to Income Tax, University Edition.
Taxmann Publications Pvt. Ltd., New Delhi.
2. Ahuja, Girish and Ravi Gupta. Systematic Approach to Income Tax. Bharat Law House, Delhi.
3. Pagare, Dinkar. Law and Practice of Income Tax. Sultan Chand and Sons, New Delhi.
4. Lal, B.B. Income Tax Law and Practice. Konark Publications, New Delhi.
Journals
1. Income Tax Reports. Company Law Institute of India Pvt. Ltd., Chennai.
2. Taxman. Taxman Allied Services Pvt. Ltd., New Delhi.
3. Current Tax Reporter. Current Tax Reporter, Jodhpur.
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 B.Com. CBCS

Software
1. Dr. Vinod Kumar Singhania, e-filing of Income Tax Returns and Computation of Tax, Taxmann
Publication Pvt. Ltd, New Delhi. Latest version
2. Excel Utility available at incometaxindiaefiling.gov.in

Note: Latest edition of text books and Software may be used.

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 B.Com. CBCS

B.Com.: Semester III

Paper 3.3: Indian Economy

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit 1: Basic Issues in Economic Development: Concept and Measures of Development and
Underdevelopment; Human Development.

Unit 2: Basic Features of the Indian Economy at Independence: Composition of national income and
occupational structure, the agrarian scene and industrial structure.

Unit 3: Policy Regimes:

a) The evolution of planning and import substituting industrialization.

b) Economic reform and liberalization.

Unit 4: Growth, Development and Structural Change:

a) The experience of Growth, Development and Structural Change in different phases of

growth and policy regimes across sectors and regions.
b) The Institutional Framework: Patterns of assets ownership in agriculture and industry;
Policies for restructuring agrarian relations and for regulating concentration of economic
power;
c) Changes in policy perspectives on the role of institutional framework after 1991.
d) Growth and Distribution; Unemployment and Poverty; Human Development;
Environmental concerns.
e) Demographic Constraints: Interaction between population change and economic
development.

Unit 5: Sector-wise Trends and Issues:

a) Agriculture: Agrarian growth and performance in different phases of policy regimes i.e.
pre green revolution and the two phases of green revolution; Factors influencing
productivity and growth; the role of technology and institutions; price policy, the public
distribution system and food security.
b) Industry and Services: Phases of Industrialisation – the rate and pattern of industrial
growth across alternative policy regimes; Public sector – its role, performance and
reforms; The small scale sector; Role of Foreign capital.
c) The Financial Sector: Structure, Performance and Reforms. Foreign Trade and balance of
Payments: Structural Changes and Performance of India’s Foreign Trade and Balance of
Payments; Trade Policy Debate; Export policies and performance; Macro Economic
Stabilisation and Structural Adjustment; India and the WTO.

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 B.Com. CBCS

Suggested readings:

1. Mishra and Puri, Indian Economics, Himalaya Paublishing House

2. Gaurav Dutt and KPM Sundarum and Ashwani Mahajan, Indian Economy, S. Chand &
Company.
3. Uma Kapila (ed), “Indian Economy since Independence”, Relevant articles.
4. Deepashree, “Indian Economy, Performance and Polices”, Scholar Tech. New Delhi
5. Bettleheim. Charles India Independent. Chapters 1, 2 and 3.
6. Bhagwati, J. and Desai, P. India: Planning for industrialization, OUP, Ch 2.
7. Patnaik, Prabhat. Some Indian Debates on Planning. T. J. Byres (ed.). The Indian Economy:
Major Debates since Independence, OUP.
8. Ahluwalia, Montek S. State-level Performance under Economic Reforms in India in A. O.
Krueger. (ed.). Economic Policy Reforms and the Indian Economy, The University of Chicago
Press.
9. Dreze, Jean and Amartya Sen. Economic Development and Social Opportunity. Ch. 2. OUP.
10. Rangarajan, C. and N. Jadhav. Issues in Financial Sector Reform. Bimal Jalan. (ed). The Indian
Economy. Oxford University Press, New Delhi.
11. Chakravarty, Sukhamoy. Development Planning – The Indian Experience. Oxford University
Press, Delhi.

Note: Latest edition of text books may be used.

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 B.Com. CBCS

B.Com.: Semester III

Paper 3.4: Banking and Insurance

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To impart knowledge about the basic principles of the banking and insurance

Contents

Unit I 6 Lectures
Introduction: Origin of banking: definition, banker and customer relationship, General and special
types of customers, Types of deposits, Origin and growth of commercial banks in India.

Unit II 6 Lectures
Cheques: Crossing and endorsement - meaning, definitions, types and rules of crossing.
Paying Banker: Duties, Statutory protection in due course, collecting bankers: duties, statutory
protection for holder in due course, Concept of negligence.

Unit III 6 Lectures

Banking Lending: Principles of sound lending, Secured vs. unsecured advances, Types of advances,
Advances against various securities.

Unit IV 6 Lectures
E- Banking: Meaning, Benefits, Internet Banking, Home banking, Mobile banking, Virtual banking, E-
payments, ATM Card/ Biometric card, Debit/Credit card, Smart card, EFT, ECS (credit/debit) E-money,
Electronic purse, Digital cash.

Unit V 6 Lectures
Insurance: Basic concept of risk, Types of business risk, Assessment and transfer, Basic principles of
utmost good faith, Indemnity, Economic function, Proximate cause, Subrogation and contribution,
Types of insurance: Life and Non-life, Re-insurance, Risk and return relationship, Need for
coordination.

Suggested readings:

1. Agarwal, O.P., Banking and Insurance, Himalaya Publishing House

2. Satyadevi, C., Financial Services Banking and Insurance, S.Chand
3. Suneja, H.R., Practical and Law of Banking, Himalya Publishing House
4. Chabra, T.N., Elements of Banking Law, Dhanpat Rai and Sons
5. Arthur, C. and C. William Jr., Risk Management and Insurance, McGraw Hill
6. Saxena, G.S; Legal Aspects of Banking Operations, Sultan Chand and Sons
7. Varshney, P.N., Banking Law and Practice, Sultan Chand and Sons

Note: Latest edition of text books may be used.

22
 B.Com. CBCS

B.Com.: Semester IV
Paper 4.1: INDIRECT TAXES

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide basic knowledge and equip students with application of principles and
provisions of Service Tax, VAT, Central Excise, and Customs Laws.

Contents:

Unit 1: Service tax (40 Lectures)

Service tax – concepts and general principles, Charge of service tax and taxable services, Valuation of
taxable services, Payment of service tax and filing of returns, Penalties, CENVAT Credit.

Unit 2: VAT (5 Lectures)

VAT – concepts and general principles, Calculation of VAT Liability including input Tax Credits, Small
Dealers and Composition Scheme, VAT Procedures

Unit 3: Central Excise (10 Lectures)

Central Excise Law in brief – Goods, Excisable goods, Manufacture and Manufacturer, Valuation,
CENVAT, Basic procedures, Export, SSI, Job Work

Unit 4: Customs laws (10 Lectures)

Basic concepts of customs law, Territorial waters, high seas, Types of custom duties – Basic,
Countervailing & Anti- Dumping Duty, Safeguard Duty, Valuation, Customs Procedures, Import and
Export Procedures, Baggage, Exemptions

Suggested Readings:
1. Singhania Vinod K. and Monica Singhania, Students’ Guide to Indirect Taxes, Taxmann Publications
Pvt. Ltd., Delhi.
2. V.S. Datey. Indirect Tax Law and practice, Taxmann Publications Pvt. Ltd., Delhi, Latest edition.
2. Sanjeev Kumar. Systematic Approach to Indirect Taxes, Latest edition.
3. S. S. Gupta. Service Tax -How to meet your obligation Taxmann Publications Pvt. Ltd., Delhi,
Latest edition.
4. Grish Ahuja & Dr. Ravi Gupta, Indirect Taxes, Flair Publication Pvt. Ltd.

Note: Latest edition of text books may be used.

23
 B.Com. CBCS

B.Com.: Semester IV
Paper 4.2: CORPORATE ACCOUNTING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objectives: To help the students to acquire the conceptual knowledge of the corporate accounting and
to learn the techniques of preparing the financial statements.

Contents

Unit 1. Accounting for Share Capital & Debentures 15 Lectures

Issue, forfeiture and reissue of forfeited shares- concept & process of book building. Issue of
rights and bonus shares. Buy back of shares. Redemption of preference shares. Issue and
Redemption of Debentures.

Unit 2. Final Accounts 6 Lectures

Preparation of profit and loss account and balance sheet of corporate entities, excluding
calculation of managerial remuneration. Disposal of company profits.

Unit 3. Valuation of Goodwill and Valuation of Shares

Concepts and calculation - simple problem only. 6 Lectures

Unit 4. Amalgamation of Companies 12 Lectures

Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding inter
company holdings). Internal reconstruction: concepts and accounting treatment excluding
scheme of reconstruction.

Unit 5. Accounts of Holding Companies/Parent Companies

Preparation of consolidated balance sheet with one subsidiary company. Relevant provisions of
Accounting Standard: 21 (ICAI). 12Lectures

Unit 6. Banking Companies 7 Lectures

Difference between balance sheet of banking and non banking company; prudential norms.
Asset structure of a commercial bank. Non-performing assets (NPA).

Unit 7. Cash Flow Statement 7 Lectures

Concepts of funds. Preparation of cash flow statement as per Accounting Standard (AS): 3
(Revised) (ICAI): Indirect method only.

24
 B.Com. CBCS

Suggested Readings:

1. Monga, J.R. Fudamentals of Corporate Accounting. Mayur Paper Backs, New Delhi.

2. Shukla, M.C., T.S. Grewal, and S.C. Gupta. Advanced Accounts. Vol.-II. S. Chand & Co., New
Delhi.

3. Maheshwari, S.N. and S. K. Maheshwari. Corporate Accounting. Vikas Publishing House, New
Delhi.

4. Sehgal, Ashok and Deepak Sehgal. Corporate Accounting. Taxman Publication, New Delhi.

5. Gupta, Nirmal. Corporate Accounting. Sahitya Bhawan, Agra.

6. Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New Delhi.

7. Compendium of Statements and Standards of Accounting, The Institute of Chartered Accountants of

India, New Delhi.

8. Bhushan Kumar Goyal, Fundamentals of Corporate Accounting, International Book House

Note: Latest edition of text books may be used.

25
 B.Com. CBCS

B.Com.: Semester IV
Paper 4.3: HUMAN RESOURCE MANAGEMENT

Duration: 3 hrs. Marks: 100 Lectures: 65

Unit I:
Human Resource Management: Concept and Functions, Role, Status and competencies of HR Manager,
HR Policies, Evolution of HRM. Emerging Challenges of Human Resource Management; workforce
diversity, empowerment, Downsizing; VRS; Human Resource Information System; 13 Lectures

Unit II
Acquisition of Human Resource: Human Resource Planning- Quantitative and Qualitative dimensions;
job analysis – job description and job specification; Recruitment – Concept and sources; Selection –
Concept and process; test and interview; placement induction. 13 Lectures

Unit III
Training and Development; Concept and Importance; Identifying Training and Development Needs;
Designing Training Programmes; Role Specific and Competency Based Training; Evaluating Training
Effectiveness; Training Process Outsourcing; Management Development; Career Development.
13 Lectures
Unit V
Performance appraisal; nature and objectives; Modern Techniques of performance appraisal; potential
appraisal and employee counseling; job changes - transfers and promotions. Compensation: concept and
policies; job evaluation; methods of wage payments and incentive plans; fringe benefits; performance
linked compensation. 13 Lectures

Unit V
Maintenance: employee health and safety; employee welfare; social security; Employer Employee
relations- an overview. grievance handling and redressal Industrial Disputes causes and settlement
machinery.. 13 Lectures

Suggested Readings:

1. Gary Dessler. A Framework for Human Resource Management. Pearson.

2. DeCenzo, D.A. and S.P. Robbins, “Personnel/Human Resource Management”, Prentice Hall of
India, New Delhi.
3. Bohlendar and Snell, Principles of Human Resource Management, Cengage Learning
4. Chhabra, T.N. Essentials of Human Resource Management. Sun India Publication New Delhi.
5. Ivancevich, John M. Human Resource Management. McGraw Hill.
6. Wreather and Davis. Human Resource Management. Pearson Education.
7. Robert L. Mathis and John H. Jackson. Human Resource Management. Cengage Learning.

Note: Latest edition of text books may be used.

26
 B.Com. CBCS

B.Com.: Semester IV
Paper 4.4: E-Commerce

Duration: 3 hrs. Marks: 50 Lectures: 40

Objectives: A student should become familiar with mechanism for conducting business transactions
through electronic means

Contents
Unit I: Introduction: Meaning, nature, concepts, advantages, disadvantages and reasons for
transacting online, types of E-Commerce, e-commerce business models (introduction ,
key elements of a business model and categorizing major E-commerce business models), forces
behind e-commerce. (5 Lectures)

Unit 2: Technology: technologies used in E-commerce , The dynamics of world wide web and
internet( meaning, evolution and features) ; Designing, building and launching E-commerce
website (A systematic approach involving decisions regarding selection of hardware, software,
outsourcing vs. in-house development of a website) (5 Lectures)

Unit 3: Security and encryption: Need and concepts, The E commerce security environment:
(dimension, definition and scope of E-security), security threats in the E-commerce environment
(security intrusions and breaches, attacking methods like hacking, sniffing, cybervandalism
etc.), technology solutions (Encryption, security channels of communication, protecting
networks and protecting severs and clients), IT Act 2000 (meaning and provisions)
( 10 Lectures)

Unit 4: E- payments system: Models and methods of E – payments (Debit Card, Credit Card, smart
cards, e-money), digital signatures (procedure, working and legal position), payment gateways,
online banking (meaning, concepts, importance, electronic fund transfer, automated clearing
house, automated ledger posting etc.), risks involved in E-payments.
(10 Lectures)

Unit 5: Online business transactions: meaning, purpose, advantages and disadvantages of transacting
online, E-commerce applications in various industries like {banking, insurance, payment of
utility bills, online marketing, E-tailing (popularity, benefits, problems and features), online
services (financial, travel and career), auctions, online portal, online learning, publishing and
entertainment} (10 Lectures)

Unit 6: Website designing using the design software and tools

To be transacted in practical labs. – (2 Practical per week per student)

Suggested Readings

To be announced later
27
 B.Com. CBCS

B. Com.: Semester V
Paper 5.1: AUDITING AND CORPORATE GOVERNANCE

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide knowledge of auditing principles, procedures and techniques in accordance with
current legal requirements and professional standards.

Contents:

Unit I: (13 Lectures)

Auditing: Introduction, Meaning, Objects, Basic Principles and Techniques; Classification of Audit,
Audit Planning, Internal Control – Internal Check and Internal Audit; Audit Procedure – Vouching and
verification of Assets & Liabilities.

Unit II: (13 Lectures)

Audit of Limited Companies: Company Auditor- Qualifications and disqualifications, Appointment,
Rotation, Removal, Remuneration, Rights and Duties Auditor’s Report- Contents and Types. Liabilities
of Statutory Auditors under the Companies Act 2013

Unit III: (13 Lectures)

Special Areas of Audit: Special features of Cost audit, Tax audit, and Management audit;
Recent Trends in Auditing: Basic considerations of audit in EDP Environment;
Standard on Auditing(SA); Relevant Case Studies/Problems;

Unit IV: Corporate Governance: Conceptual framework of Corporate Governance, Corporate

Governance Reforms. Major Corporate Scandals in India and Abroad: Common Governance Problems
Noticed in various Corporate Failures. Codes & Standards on Corporate Governance.
(13 Lectures)

Unit V: Corporate Social Responsibility (CSR): Strategic Planning and Corporate Social
Responsibility; Corporate Philanthropy, Meaning of CSR, CSR and CR, CSR and Corporate
Sustainability, CSR and Business Ethics, CSR and Corporate Governance, Environmental Aspect of
CSR, CSR provision under the Companies Act 2013, CSR Committees
(13 Lectures)

Suggested Readings:

1. Ravinder Kumar and Virender Sharma, Auditing Principles and Practice, PHI Learning
Christine A Mallin, Corporate Governance (Indian Edition), Oxford University Press, New
Delhi.
2. Jha, Aruna. Auditing. Taxmann.
3. Gupta, Kamal and Ashok Arora. Fundamentals of Auditing. Tata Mc-Graw Hill Publishing Co.
Ltd., New Delhi.

28
 B.Com. CBCS

4. Tandon, B. N., S. Sudharsanam and S. Sundharabahu. A Handbook of Practical Auditing. S.

Chand and Co. Ltd., New Delhi.
5. Ghatalia, S.V. Practical Auditing. Allied Publishers Private Ltd., New Delhi.
6. Singh, A. K. and Gupta Lovleen. Auditing Theory and Practice. Galgotia Publishing Company.
7. Alvin Arens and James Loebbecke, Auditing: an Integrated Approach
8. Bob Tricker, Corporate Governance-Principles, Policies, and Practice (Indian Edition), Oxford
University Press, New Delhi.
9. The Companies Act 2013 (Relevant Sections)
10. MC Kuchhal Corporate Laws, Shri Mahaveer Book Depot. (Publishers). (Relevant
Chapters)
11. Relevant Publications of ICAI on Auditing

Note: Latest edition of text books may be used.

29
 B.Com. CBCS

B. Com.: Semester V
Paper 5.2: COST ACCOUNTING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To acquaint the students with basic concepts used in cost accounting and various methods
involved in cost ascertainment systems.
Contents:
Unit I: (9 Lectures)
Introduction: Meaning, objectives and advantages of cost accounting, Difference between financial,
cost, and management accounting and. Cost concepts and classifications, Role of a cost accountant
in an organization.
Unit II: (14 Lectures)
a) Materials: Material/inventory control- concept and techniques, Accounting and control of
purchases, storage and issue of materials. Methods of pricing of materials issues – FIFO, LIFO,
Simple Average, Weighted Average, Replacement, Standard, Treatment of Material Losses.

b) Labour: Accounting and Control of labour cost, time keeping and time booking, concept and
treatment of idle time, over time, labour turnover and fringe benefits.
Unit III: (14 Lectures)
Overhead: Classification, allocation, apportionment and absorption of overhead. Under- and
over-absorption. Capacity costs. Treatments of certain items in costing, like interest on capital,
packing expenses, debts, research and development expenses, Bad Activity – based cost
allocation.
Unit IV: (14 Lectures)
Methods of Costing: Unit costing, Job costing. Contract Costing. Process costing (process losses,
valuation of work in progress, joint and by-products)
Unit V: (14 Lectures)
Service costing (only transport). Accounting Systems: Integral and non-integral systems,
Reconciliation of cost and financial accounts.

Suggested Readings:

1. Horngren, Charles T., George Foster and Srikant M. Dattar. Cost Accounting: A Managerial
Emphasis. Pearson Education.
2. S.P. Jain and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers,
Jalandhar.
3. Jawahar Lal, Cost Accounting. McGraw Hill.
4. Rajiv Goel, Cost Accounting, International Book House
5. B.M. Lall Nigam and I.C. Jain. Cost Accounting: Principles and Practice. Prentice Hall of India,
New Delhi.
6. M.N. Arora, Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.
7. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems. Shri Mahabir Book
Depot, New Delhi.
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 B.Com. CBCS

8. Milton E. Usry and Lawrence H. Hammer. Cost Accounting: Planning and Control. South
Western Publishing Co.
9. Barfield, Jesset T., Cecily A. Raibarn and Michael R. Kinney. Cost Accounting: Traditions and
Innovations. Cengage Learning.
10. T.Lucey, Costing. ELST, London.

Note: Latest edition of text books may be used.

31
 B.Com. CBCS

B. Com.: Semester V
Paper 5.3: PRINCIPLES OF MARKETING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The objective of this course is to provide basic knowledge of concepts,

principles, tools and techniques of marketing.

Contents:

Unit I 13 Lectures
Introduction: Nature, scope and importance of marketing; Evolution
of marketing concepts; Selling Vs. Marketing, Marketing mix,
Marketing environment.
Unit II 13 Lectures
Consumer Behavior – An Overview: Consumer buying process;
Factors influencing consumer buying decisions.
Market Segmentation: – concept, importance and bases; Target
market selection; Positioning concept, importance and bases; Product
differentiation vs. market segmentation.
Unit III 13 Lectures
Product: Concept and importance. Product classifications; Concept
of product mix; Branding, packaging and labeling; Product-Support;
Product life-cycle (An Overview); New Product Development(An
Overview).
Unit IV 13 Lectures
a) Pricing: Significance, Factors affecting price of a product. Pricing
policies and strategies.
b) Distribution: Channels of distribution - meaning and importance;
Types of distribution channels; Wholesaling and retailing; Factors
affecting choice of distribution channel; Physical Distribution
Unit V 13 Lectures
a) Promotion: Nature and importance of promotion; Communication
process; Types of promotion: advertising, personal selling, public
relations & sales promotion, and their distinctive characteristics;
Promotion mix and factors affecting promotion mix decisions;
b) Recent developments in marketing: An Overview of Social
marketing, online marketing, direct marketing, services marketing,
green marketing,

32
 B.Com. CBCS

Suggested Readings:
1. Kotler, Philip, Gary Armstrong, Prafulla Agnihotri and Ehsanul Haque. Principles of Marketing.
13th edition. Pearson Education.
2. Michael, J. Etzel, Bruce J. Walker, William J Stanton and Ajay Pandit. Marketing: Concepts and
Cases. (Special Indian Edition)., McGraw Hill
3. McCarthy, E. Jerome., and William D. Perreault. Basic Marketing. Pearson Education.
4. Lamb, Charles W., Joseph F. Hair, Dheeraj Sharma and Carl McDaniel. Marketing: A South
Asian Perspective. Cengage Learning.
5. Pride, William M., and D.C. Ferell. Marketing: Planning, Implementation & Control. Cengage
Learning.
6. Majaro, Simon. The Essence of Marketing. Prentice Hall, New Delhi.
7. Zikmund William G. and Michael D’Amico. Marketing; Creating and Keeping Customers in an
E-Commerce World. Cengage Learning.
8. Chhabra, T.N., and S. K. Grover. Marketing Management. Fourth Edition. Dhanpat Rai &
Company.
9. The Consumer Protection Act 1986.
10. Iacobucci and Kapoor, Marketing Management: A South Asian Perspective. Cengage Learning.

Note: Latest edition of text books may be used.

33
 B.Com. CBCS

B. Com.: Semester V
Paper 5.4: COMPUTER APPLICATIONS IN BUSINESS

Duration: 3 hrs. Marks: 50 Lectures: 30

Objectives: To provide basic computer skills for commerce students and to enhance their understanding
of usefulness of information technology tools for business operations.
Unit 1. Word Processing 4 Lectures
Introduction to word Processing, Word processing concepts, Use of Templates, Working with
word document: (Opening an existing document/creating a new document, Saving, Selecting text,
Editing text, Finding and replacing text, Closing, Formatting, Checking and correcting spellings)
Bullets and numbering, Tabs, Paragraph Formatting, Indent, Page Formatting, Header and
footer, Mail Merge including linking with Database, Tables: Formatting the table, Inserting filling and
formatting a table
Creating Documents in the areas: Mail Merge, Handling Tables, Inserting Pictures and Video,

Unit 2. Preparing Presentations: 3 Lectures

Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables, Images, texts,
Symbols, Media; Design; Transition; Animation; and Slideshow.

Unit 3. Spreadsheet and its Business Applications 11 Lectures

Spreadsheet concepts, Creating a work book, Saving a work book, Editing a work book,
Inserting, deleting work sheets, Entering data in a cell, Formula Copying, Moving data from selected
cells, Handling operators in formula, Rearranging Worksheet, Project involving multiple spreadsheets,
Organizing Charts and graphs, Printing worksheet.
Generally used Spread sheet functions: Mathematical, Statistical, Financial, Logical, Date and
Time, Lookup and reference, Text functions.

Unit 4. Creating spreadsheet in the following areas: 12 Lectures

Loan & Lease statement, Payroll statements, Depreciation Accounting, Graphical representation of data,
Frequency distribution and its statistical parameters, Correlation and Regression
Notes:
1. The General Purpose Software referred in this course will be notified by the University
Departments every three years. If the specific features, referred in the detailed course above, is not
available in that software, to that extent it will be deemed to have been modified.
2. There shall be a practical examination of 50 Marks (Practical-35 Marks, Viva-5 Marks and Work
Book- 10 Marks) and duration of Examination shall be 3 Hrs.
3. Teaching arrangements need to be made in the computer lab only.

Suggested Readings:
The suggested readings and guidelines shall be notified by the University at least once in three
years.

34
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.1: FUNDAMENTALS OF FINANCIAL MANAGEMENT

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To familiarize the students with the principles and practices of financial management.

CONTENTS
Unit I:
1. Scope and objective, Time value of money, Risk and return, Valuation of securities – Bonds and
Equities. (8 Lectures)
Unit II:
2. Long Term Investment Decisions: The Capital Budgeting Process, Cash flow Estimation,
Payback Period Method, Accounting Rate of Return, Net Present Value (NPV), Net Terminal
Value, Internal Rate of Return (IRR), Profitability Index (17 Lectures)
Unit III:
3. Financing Decisions: Sources of long-term financing Estimation of components of cost of
capital. Methods for Calculating cost of equity capital, Cost of Retained Earnings, Cost of Debt
and Cost of Preference Capital, Weighted Average cost of capital (WACC) and Marginal cost of
capital. Capital structure –Theories of Capital Structure (Net Income, Net Operating Income,
MM Hypothesis, Traditional Approach). Operating and financial leverage. Determinants of
capital structure. (17 Lectures)
Unit IV:
4. Dividend Decisions – Theories for Relevance and irrelevance of dividend decision for corporate
valuation. Cash and stock dividends. Dividend policies in practice. (10 Lectures)
Unit V:
5. Working Capital Decisions: Concepts of working capital, the risk-return trade off, sources of
short-term finance, working capital estimation, cash management, receivables management,
inventory management and payables management. (13 Lectures)

Spreadsheet is the recommended software for doing basic calculations in finance and hence
can be used for giving students subject related assignments for their internal assessment
purposes.

Suggested Readings

1. Horne, J.C. Van and Wackowich. Fundamentals of Financial Management. 9th ed. New Delhi
Prentice Hall of India.
2. Johnson, R.W. Financial Management. Boston Allyn and Bacon.
3. Joy, O.M. Introduction to Financial Management. Homewood: Irwin.
4. Khan and Jain. Financial Management text and problems. 2nd ed. Tata Mc Graw Hill New Delhi.
5. Pandey, I.M. Financial Management. Vikas Publications.
6. Chandra, P. Financial Management- Theory and Practice. (Tata Mc Graw Hill).
7. Rustagi, R.P. Fundamentals of Financial Management. Taxmann Publication Pvt. Ltd.
35
 B.Com. CBCS

8. Singh, J.K. Financial Management- text and Problems. 2nd Ed. Dhanpat Rai and Company,
Delhi.
9. Singh, Surender and Kaur, Rajeev. Fundamentals of Financial Management. Book Bank
International.
10. Brigham and Houston, Fundamentals of Financial Management, 13th Ed., Cengage Learning
Note: Latest edition of text books may be used.

36
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.2: BUSINESS COMMUNICATION

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To equip students of the B.Com course effectively to acquire skills in reading, writing,
comprehension and communication, as also to use electronic media for business communication.

Content:

Unit I
Nature of Communication Process of Communication, Types of Communication (verbal & Non Verbal),
Importance of Communication, Different forms of Communication
Barriers to Communication Causes, Linguistic Barriers, Psychological Barriers, Interpersonal Barriers,
Cultural Barriers, Physical Barriers, Organizational Barriers

Unit 2
Business Correspondence: Letter Writing, presentation, Inviting quotations, Sending quotations, Placing
orders, Inviting tenders, Sales letters, claim & adjustment letters and social correspondence,
Memorandum, Inter -office Memo, Notices, Agenda, Minutes, Job application letter, preparing the
Resume.

Unit 3
Report Writing Business reports, Types, Characteristics, Importance, Elements of structure, Process of
writing, Order of writing, the final draft, check lists for reports.

Unit 4 Vocabulary Words often confused, Words often misspelt, Common errors in English.

Unit 5 Oral Presentation Importance, Characteristics, Presentation Plan, Power point presentation,
Visual aids.

Suggested Readings:
1. Lesikar, R.V. & Flatley, M.E.; Basic Business Communication Skills for Empowering the
Internet Generation, Tata McGraw Hill Publishing Company Ltd. New Delhi.
2. Bovee, and Thill, Business Communication Today, Pearson Education
3. Shirley Taylor, Communication for Business, Pearson Education
4. Locker and Kaczmarek, Business Communication: Building Critical Skills, TMH

Note: Latest edition of text books may be used.

37
 B.Com. CBCS

B. Com.: Semester VI
Paper No. : 6.3: Personal Selling and Salesmanship

Duration: 3 hrs. Marks: 50 Lectures: 30

Objective: The purpose of this course is to familiarize the students with the fundamentals of personal selling
and the selling process. They will be able to understand selling as a career and what it takes to be a
successful salesman.

Unit I
Introduction to Personal Selling: Nature and importance of personal selling, myths of selling, Difference
between Personal Selling, Salesmanship and Sales Management, Characteristics of a good salesman, types of
selling situations, types of salespersons, Career opportunities in selling, Measures for making selling an
attractive career. (6 Lectures)

Unit- II
Buying Motives: Concept of motivation, Maslow’s theory of need hierarchy; Dynamic nature of motivation;
Buying motives and their uses in personal selling (6 lectures)

Unit- III
Selling Process: Prospecting and qualifying; Pre-approach; Approach; Presentation and demonstration;
handling of objections; Closing the sale; Post sales activities. (6 lectures)

Unit- IV
Sales Reports: reports and documents; sales manual, Order Book, Cash Memo; Tour Diary, Daily and
Periodical Reports; Ethical aspects of Selling (6 lectures)

Suggested Readings:
1. Spiro, Stanton, and Rich, Management of the Sales force, McGraw Hill.
2. Rusell, F. A. Beach and Richard H. Buskirk, Selling: Principles and Practices, McGraw Hill
3. Futrell, Charles, Sales Management: Behaviour, Practices and Cases, The Dryden Press.
4. Still, Richard R., Edward W. Cundiff and Norman A. P. Govoni, Sales Management: Decision
Strategies and Cases, Prentice Hall of India Ltd., New Delhi,
5. Johnson, Kurtz and Schueing, Sales Management, McGraw Hill
6. Pedesson, Charles A. Wright, Milburn d. And Weitz, Barton A., Selling: Principles and
Methods, Richard, Irvin
7. Kapoor Neeru, Advertising and personal Selling, Pinnacle, New Delhi.

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 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (a): INTERNATIONAL BUSINESS

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The objective of the course is to expose students to the concept, importance and dynamics of
international business and India’s involvement with global business operations. The course also
discusses theoretical foundations of international business to the extent these are relevant to understand
the mechanics of global business operations and development.

Unit I
1. Introduction to International Business: Globalisation and its growing importance 5
in world economy; Impact of globalization; International business contrasted with
domestic business - complexities of international business; Modes of entry into
international business.
2. International Business Environment: National and foreign environments and their 7
components - economic, cultural and political-legal environments; Global trading
environment - recent trends in world trade in goods and services; Trends in
India’s foreign trade.
Unit –II
3. Theories of International Trade – an overview; Commercial Policy Instruments -
6
tariff and non-tariff measures; Balance of payment account and its components.
4. International Organizations and Arrangements: WTO – Its objectives, principles, 7
organizational structure and functioning; An overview of other organizations –
UNCTAD, World Bank and IMF; Commodity and other trading agreements.
Unit –III
5. Regional Economic Co-operation: Forms of regional groupings; Integration
6
efforts among countries in Europe, North America and Asia.

6. International Financial Environment: International financial system and 8

institutions; Foreign exchange markets and risk management; Foreign
investments - types and flows; Foreign investment in Indian perspective.
Unit –IV
7. Organisational structure for international business operations; Key issues
8
involved in making international production, finance, marketing and human
resource decisions; International business negotiations.
8. Developments and Issues in International Business: Outsourcing and its potentials 6
for India; Strategic alliances, mergers and acquisitions; Role of IT in international
business; International business and ecological considerations.
Unit –V
9. Foreign Trade promotion measures and organizations in India; Special economic 7
zones (SEZs) and 100% export oriented units (EOUs); Measures for promoting
39
 B.Com. CBCS

foreign investments into and from India; Indian joint ventures and acquisitions
abroad.
10. Financing of foreign trade and payment terms. 5
Suggested Readings:
1. Charles W.L. Hill and Arun Kumar Jain, International Business. New Delhi: Tata McGraw-Hill.
2. Johnson, Derbe., and Colin Turner. International Business - Themes & Issues in the Modern
Global Economy. London: Roultedge.
3. Cherunilam, Francis. International Business: Text and Cases. Prentice Hall of India Ltd.
4. Daniels John, D. Lee H. Radenbaugh and David P. Sullivan. International Business. Pearson
Education
5. Justin, Paul. International Business. Prentice Hall of India Ltd.
6. Michael R. Czinkota. et al. International Business. Fortforth: The Dryden Press.
7. Bennett, Roger. International Business. Delhi: Pearson.
8. Sumati Verma, International Business, Pearson Education.
9. V Sharan, International Business, Pearson Education.
10. Peng and Srivastav, Global Business, Cengage Learning

Note: Latest edition of text books may be used.

40
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (b): Consumer Affairs and Customer Care

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: This paper seeks to familarise the students with of their rights as a consumer, the social
framework of consumer rights and legal framework of protecting consumer rights. It also provides an
understanding of the procedure of redress of consumer complaints, and the role of different agencies in
establishing product and service standards. The student should be able to comprehend the business
firms’ interface with consumers and the consumer related regulatory and business environment.

Unit I: Conceptual Framework 13Lectures

Consumer and Markets: Concept of Consumer, Nature of markets, Concept of Price in Retail and
Wholesale, Maximum Retail Price (MRP) and Local Taxes, Fair Price, labeling and packaging
Experiencing and Voicing Dissatisfaction: Consumer Satisfaction/dissatisfaction-Grievances-
complaint, Consumer Complaining Behaviour: Alternatives available to Dissatisfied Consumers;
Internal and External Complaint handling: Corporate Redress Systems and Public Redress Systems

Unit II: The Consumer Protection Act, 1986 (CPA) 13 Lectures

Objectives and Basic Concepts: Consumer, goods, service, defect in goods, deficiency in
service, spurious goods and services, unfair trade practice, restrictive trade practice.
Organizational set-up under the Consumer Protection Act: Advisory Bodies: Consumer Protection
Councils at the Central, State and District Levels, Basic Consumer Rights; Adjudicatory Bodies:
District Forums, State Commissions, National Commission: Their Composition, Powers, and
Jurisdiction (Pecuniary and Territorial), Role of Supreme Court under the CPA.

Unit III: Grievance Redress Mechanism under the Consumer Protection Act, 1986: 13 lectures
Who can file a complaint? Grounds of filing a complaint; Limitation period; Procedure for filing and
hearing of a complaint; Disposal of cases, Relief/Remedy to be be provided; Temporary Injunction,
Enforcement of order, Appeal, frivolous and vexatious complaints; Offences and penalties.

Seven Leading Cases decided under Consumer Protection Act: Medical Negligence; Banking;
Insurance; Housing & Real Estate; Electricity, Water, and Telecom Services; Education; Defective
Product; Unfair Trade Practice.

Unit IV: Industry Regulators and Consumer Complaint Redress Mechanism 13 lectures

i. Banking: RBI and Banking Ombudsman

ii. Insurance: IRDA and Insurance Ombudsman
iii. Telecommunication: TRAI
iv. Food Products: FSSAI (an overview)
v. Electricity Supply: Electricity Regulatory Commission
vi. Advertising: ASCI

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 B.Com. CBCS

Unit V: Consumer Protection in India 13 Lectures

Consumer Movement in India:; Evolution of Consumer Movement in India. Formation of consumer
organizations and their role in consumer protection, Recent developments in Consumer Protection in
India, National Consumer Helpline, Citizens Charter, Product testing.
Quality and Standardization: Voluntary and Mandatory standards; Role of BIS, Indian Standards
Mark (ISI), Ag-mark, Hallmarking, Licensing and Surveillance; ISO: An overview

Suggested Readings:
1. Khanna, Sri Ram, Savita Hanspal, Sheetal Kapoor, and H.K. Awasthi. Consumer Affairs” (2007)
Delhi University Publication. 334 pp.
2. Aggarwal, V. K. (2003). Consumer Protection: Law and Practice. 5th ed. Bharat Law House,
Delhi, or latest edition.
3. Girimaji, Pushpa (2002). Consumer Right for Everyone Penguin Books.
4. Nader, Ralph (1973). The Consumer and Corporate Accountability. USA, Harcourt Brace
Jovanovich, Inc.
5. Sharma, Deepa (2011).Consumer Protection and Grievance-Redress in India: A Study of
Insurance Industry (LAP LAMBERT Academic Publishing GmbH & Co.KG, Saarbrucken,
Germany. 263 pp.
6. Empowering Consumers e-book, www.consumeraffairs.nic.in
7. ebook, www.bis.org
8. The Consumer Protection Act, 1986
Articles
1. Verma, D. P. S. (2002). Developments in Consumer Protection in India. Journal of Consumer
Policy. Vol. 25. No. pp 107 –123.
2. Verma, D.P.S. (2002). Regulating Misleading Advertisements, Legal Provisions and Institutional
Framework. Vikalpa. Vol. 26. No. 2. pp. 51-57.
3. Ralph L. Day and Laird E. Landon, Jr. (1997). Towards a Theory of Consumer Complaining
Behaviour. Ag Woodside, et al. (eds.). Consumer and Industrial Buying Behaviour. New York;
North Holland pp. 425-37.
4. George, S. Day and A. Aaker (1970). A Guide to consumerism. Journal of Marketing. Vol. 34.
pp 12-19.
5. Sharma, Deepa (2003).New measures for Consumer Protection in India. The Indian Journal of
Commerce. Vol.56. No.4. pp. 96-106
6. Sharma, Deepa (2011).Consumer Grievance Redress by Insurance Ombudsman.
BIMAQUEST.Vol.11. pp.29-47.

Periodicals

1. Consumer Protection Judgments (CPJ) (Relevant cases reported in various issues)

2. Recent issues of magazines: Insight, published by CERC, Ahmedabad ‘Consumer Voice’,
Published by VOICE Society , New Delhi.
3. Upbhokta Jagran, Ministry of Consumer Affairs, Govt, of India.
New Delhi.

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Websites:
www.ncdrc.nic.in
www.fcamin.nic.in
www.consumeraffairs.nic.in
www.iso.org.in
www.bis.org
www.ascionline.org.in
www.trai.gov.in
www.irda.gov.in
www.derc.gov.in
www.rbi.org.in
www.fssai.gov.in
www.consumer-voice.org
www.nationalconsumerhelpline.in
www.cci.gov.in

Note: The Latest edition of text books and Acts should be used.

43
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (c): Entrepreneurship and Small Business

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The purpose of the paper is to orient the learner toward entrepreneurship as a career option
and creative thinking and behavior for effectiveness at work and in life.

Contents:

Unit 1. Meaning, elements, determinants and importance of entrepreneurship and creative behavior.
Entrepreneurship and creative response to the society’ problems and at work. Dimensions of
entrepreneurship: intrapreneurship, technopreneurship, cultural entrepreneurship, international
entrepreneurship, netpreneurship, ecopreneurship, and social entrepreneurship. (10 Lectures)

Unit 2. Entrepreneurship and Micro, Small and Medium Enterprises. Concept of business groups and
role of business houses and family business in India. . The contemporary role models in Indian business:
their values, business philosophy and behavioural orientations. Conflict in family business and its
resolution. Managerial roles and functions in a small business. Entrepreneur as the manager of his
business. The need for and the extent of professionalisation of management of small business in India.
(15 Lectures)

Unit 3. Public and private system of stimulation, support and sustainability of entrepreneurship.
Requirement, availability and access to finance, marketing assistance, technology, and industrial
accommodation, Role of industries/entrepreneur’s associations and self-help groups. The concept, role
and functions of business incubators, angel investors, venture capital and private equity fund.
(10 Lectures)
Unit 4. Sources of business ideas and tests of feasibility. Significance of writing the business plan/
project proposal. Contents of business plan/ project proposal. Designing business processes, location,
layout, operation, planning & control; preparation of project report (various aspects of the project report
such as size of investment, nature of product, market potential may be covered). Project submission/
presentation and appraisal thereof by external agencies, such as financial/non-financial institutions.
(10 Lectures)
Unit 5. Mobilising resources for start-up. Accommodation and utilities. Preliminary contracts with the
vendors, suppliers, bankers, principal customers; Contract management: Basic start-up problems
Operations management: designing and redesigning business processes, layout, production planning &
control, implementing quality management and productivity improvement programmes. Input-analysis,
throughput analysis and output analysis. Basic awareness of inventory methods. Basic awareness about
the need for and means of environment (eco-) friendliness and energy management.
Organization of business office. Basic awareness of manual and computerized office systems and
procedures. Introductory word processing, spreadsheet preparation and data sorting and analysis,
internet browsing.
Business communication, negotiation and etiquettes (telephone, e-mail, meetings and interpersonal
interactions). (20 Lectures)

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Suggested Readings:

1. Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.

2. Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,
Himalaya Publishing House.
3. Dollinger, Mare J. Entrepreneurship: Strategies and Resources. McGraw Hill.
4. Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.
5. Jain, Arun Kumar. Competitive Excellence: Critical Success Factors. New Delhi: Viva
Books Limited
6. Panda, Shiba Charan. Entrepreneurship Development. New Delhi, Anmol Publications.
7. Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New Delhi:
Prentice-Hall of India.
8. SIDBI Reports on Small Scale Industries Sector.
9. Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi:
ASEED.
10. SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.

Note: Latest edition of text books may be used.

45
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (d): ORGANISATIONAL BEHAVIOUR

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The objective of the course is to develop a theoretical understanding among students about
the structure and behaviour of organization as it develops over time. The course will also make them
capable of realizing the competitiveness for firms.

Unit: 1. Organizational Theories and Behaviour: Classical, Neo-classical and Contemporary.

Authority, power, status, formal and informal structure; Flat and tall structures; Bureaucratisation of
organisations; Organisational Behaviour: concepts, determinants, challenges and opportunities of OB.
Contributing disciplines of OB. Individual Behaviour: Foundations of individual behaviour, values,
attitudes, personality and emotions. Theory X and Theory Y, Chris Argyris behaviour patterns,
Perceptual process. 13 Lectures

Unit: 2. Group Decision making and Communication: Concept and nature of decision making process,
Individual versus group decision making, Nominal group technique and Delphi technique, models of
communication, communication effectiveness in organizations. Feedback, TA, Jo Hari Window.
13 Lectures
Unit: 3. Motivation: Need hierarchy, Maslow’s Need Hierarchy, Two factor theory, Contemporary
theories of motivation (ERG, Cognitive evaluation, goal setting, equity) expectancy model. Behavior
modification, Motivation and organisational effectiveness. 13 Lectures

Unit: 4. Leadership, Power and Conflict: Concept and theories, Behavioral approach, Situational
approach, Leadership effectiveness, Contemporary issues in leadership. Power and conflict. Bases of
power, power tactics; Sources of conflict, Conflict Resolution Strategies. 13 Lectures

Unit: 5. Organisational Culture, Organisational Development and Stress Management: Concept and
determinants of organisational culture, Organisational Development: concept and intervention
techniques. Individual and organisational factors to stress; Consequences of stress on individual and
organization; Management of stress. 13 Lectures

Suggested Readings:
1. Robbins; S.P., Essentials of Organisational Behaviour, Pearson Education
2. Luthans, Fred, Organisational Behaviour, McGraw Hill
3. Robins S.P., Organisational Theory: Structure Design and Application, Pearson Education
4. Newstrom, Organisational Behaviour, McGraw Hill
5. Nelson, quick and Preetam Khandewal, Organisational Behaviour, Cengage Learning.
6. Griffin and Moorhead, Organisational Behaviour, Cengage Learning.

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 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (e): INDIAN POLITY AND GOVERNANCE

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To impart basic knowledge about the structure and working of the Indian political
system and governance.

Unit I: Indian Political System 13 Lectures

Making of India’s constitution, Constituent assembly, Philosophy, Preamble, Fundamental
rights, Directive Principles of state policies, Secularism, Problems and trends, Casteism,
Communalism, Regionalism and separatism.

Unit II: Indian Federal System 13 Lectures

Nature of India’s federal system, Centre-state relations, Issues and problems, Citizenship,
Separation of powers, Union executive, President, Prime Minister, Governor, Legislature,
Organisation and function.

Unit III: Judicial System in India 13 Lectures

Supreme Court and High Court: jurisdiction and powers and functions, Judicial review,
Independence of judiciary and judicial activism.

Unit IV: Governance Public Policy 13 Lectures

Governance, Concept, Nature, Meaning and forms of public accountability and redressal of
public grievances with special reference to RTI, Lokpal and Lokayukta, Election Commission.

Unit V: Public Policy 13 Lectures

Political representation, Panchayati Raj System, Urban Local Bodies, Public policy, Public
Finance, Budget.

Reference Books:
1. Austin, Granville; The Indian Constitution: Cornerstone of a Nation, Oxford University
Press.
2. Basu, Durga Das; An Introduction to the Constitution of India, Prentice Hall.
3. Fadia, M.L. and Fadia, Kuldeep; Indian Government and Politics, Rawat Publication.
4. Austin, Granville; Working a Democratic Constitution: The Indian Experience, OUP.
5. Kashyap, Subhash; Our Constitution, National Book Trust.
6. Sapru, R.K.; Public Policy: Formation, Implementation and Evaluation, Sterling Pub
7. Singh, M.P. and Saxena, R.; Indian Politics: Contemporary Issues and Concerns

47
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (f): Office Management and Secretarial Practice

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: The purpose of this course is to familiarize the students with the activities in a modern
office. Smooth functioning of any organization depends upon the way various activities are organized,
facilities provided to the staff working in the office, the working environment and the tools and
equipments used in office.

Contents

Unit I
Office and Office Management: Meaning of office. Functions of office – primary and administrative
management functions, importance of office, duties of the office manager, his qualities and essential
qualifications. (7 Lectures)
Filing and Indexing: Filing and Indexing – Its meaning and importance, essentials of good filing,
centralized vs. decentralized filing, system of classification, methods of filing and filing equipment,
Weeding of old records, meaning and need for indexing, various types of indexing. (7 Lectures)

Unit II
Mail and Mailing Procedures: Mailing Procedures – meaning and importance of mail, centralization of
mail handling work, its advantages, room equipment and accessories, sorting tables and rack, letter
opener, time and date stamps, postal franking machine, addressing machine, mailing scales, mailing
through post, courier, email, appending files with email. Inward and outward mail – receiving, sorting,
opening, recording, making, distributing, folding of letters sent, maintenance of peon book, dispatching,
courier services, central receipt and dispatch. (8 Lectures)
Forms and Stationery: Office Forms – introduction, meaning, importance of forms, advantages of
using forms, disadvantages of using forms, type of forms, factors affecting forms design, principles of
form design, form control. Stationery – introduction, types of stationery used in offices, importance of
managing stationery, selection of stationery, essential requirements for a good system of dealing with
stationery, purchasing principles, purchase procedure, standardization of stationery. (5 Lectures)

Unit III
Modern Office Equipments: Modern Office Equipment – Introduction, meaning and Importance of
office automation, objectives of office mechanization, advantages, disadvantages, factors determining
office mechanization. Kind of office machines: personal computers, photocopier, fax, telephone,
telephone answering machine, dictating machines, Audio Visual Aids. (5 Lectures)
Budget: Budget - Annual, revised and estimated. Recurring and non-recurring heads of expenditure
(5 Lectures)
Audit: Audit process- Vouching, verification and valuation (in brief). Consumables/ Stock register and
Asset register. Procedure for disposal of records and assets. (5 Lectures)

48
 B.Com. CBCS

Unit IV
Banking facilities: Types of accounts. Passbook and cheque book. Other forms used in banks. ATM
and money transfer. (5 Lectures)
Abbreviations/Terms used in Offices: Explanation of abbreviations/terms used in offices in day-to-day
work,
Modes of Payment: Types of payments handled such as postal orders, Cheque (crossed/uncrossed),
post-dated and pre-dated Cheques, stale Cheque, dishonored Cheque. (5 Lectures)

UNIT V
Role of Secretary: Definition; Appointment; Duties and Responsibilities of a Personal Secretary;
Qualifications for appointment as Personal Secretary. Modern technology and office communication,
email, voice mail, internet, multimedia, scanner, video-conferencing, web-casting. Agenda and Minutes
of Meeting. Drafting, fax-messages, email. Maintenance of appointment diary. (13 Lectures)

Suggested Reading:

1. Bhatia, R.C. Principles of Office Management, Lotus Press, New Delhi..

2. Leffingwell and Robbinson: Text book of Office Management, Tata McGraw-Hill.
3. Terry, George R: Office Management and Control.
4. Ghosh, Evam Aggarwal: Karyalaya Prabandh, Sultan Chand & Sons.
5. Duggal, B: Office Management and Commercial Correspondence, Kitab Mahal.

Note: Latest edition of text books may be used.

49
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (g): CORPORATE TAX PLANNING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide Basic knowledge of corporate tax planning and its impact on decision-making.

Unit Contents Number of

lectures
Unit I Tax planning, tax management, tax evasion, tax avoidance. 9
Corporate tax in India
Types of companies
Residential status of companies and tax incidence
Tax liability and minimum alternate tax
Tax on distributed profits
Unit II Tax planning with reference to setting up of a new business: 12
Locational aspect, nature of business, form of organisation.
Tax planning with reference to financial management decision -
Capital structure, dividend including deemed dividend and
bonus shares
Tax planning with reference to sale of scientific research assets

Unit III Tax planning with reference to specific management decisions - 15

Make or buy; own or lease; repair or replace
Tax planning with reference to employees’ remuneration
Tax planning with reference to receipt of insurance
compensation
Tax planning with reference to distribution of assets at the time
of liquidation
Unit IV Special provisions relating to non-residents 12
Double taxation relief
Provisions regulating transfer pricing
Advance rulings
Advance pricing agreement
Unit V Tax planning with reference to business restructuring
- Amalgamation 17
- Demerger
- Slump sale
- Conversion of sole proprietary concern/partnership firm into
company
- Conversion of company into LLP
- Transfer of assets between holding and subsidiary companies

50
 B.Com. CBCS

Suggested Readings:
1. Singhania, Vinod K. and Monica Singhania. Corporate Tax Planning. Taxmann Publications
Pvt. Ltd., New Delhi.
2. Ahuja, Girish. and Ravi Gupta. Corporate Tax Planning and Management. Bharat Law House,
Delhi.
3. Acharya, Shuklendra and M.G. Gurha. Tax Planning under Direct Taxes. Modern Law
Publication, Allahabad.
4. Mittal, D.P. Law of Transfer Pricing. Taxmann Publications Pvt. Ltd., New Delhi.
5. IAS – 12 and AS – 22.
6. T.P. Ghosh. IFRSs. Taxmann Publications Pvt. Ltd. New Delhi.
Journals
1. Income Tax Reports, Company Law Institute of India Pvt. Ltd., Chennai.
2. Taxman, Taxman Allied Services Pvt. Ltd., New Delhi.
3. Current Tax Reporter, Current Tax Reporter, Jodhpur

Note: Latest edition of text books may be used.

51
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (h): Fundamentals of Investment

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To familiarize the students with different investment alternatives, introduce them to the
framework of their analysis and valuation and highlight the role of investor protection.

Contents
Unit-I: (10 Lectures)
The Investment Environment - The investment decision process, Types of Investments –
Commodities, Real Estate and Financial Assets, the Indian securities market, the market participants and
trading of securities, security market indices, sources of financial information, Concept of return and
risk, Impact of Taxes and Inflation on return.
Unit-II: (15 Lectures)
Fixed Income Securities - Bond features, types of bonds, estimating bond yields, Bond Valuation types
of bond risks, default risk and credit rating.

Unit-III: (15 Lectures)

Approaches to Equity Analysis: Introductions to Fundamental Analysis, Technical Analysis and
Efficient Market Hypothesis, dividend capitalisation models, and price-earnings multiple approach to
equity valuation.

Unit-IV: (15 Lectures)

Portfolio Analysis and Financial Derivatives: (a) Portfolio and Diversification, Portfolio Risk and
Return. (b) Mutual Funds. (c) Introduction to Financial Derivatives, Financial Derivatives Markets in
India.

Unit-V: (10 Lectures)

Investor Protection – Role of SEBI and stock exchanges in investor protection; Investor grievances and
their redressal system, insider trading, investors’ awareness and activism.

Suggested Readings

1. Jones, C.P., “Investments Analysis and Management”, Wiley, 8th ed.

2. Prasanna, Chandra., “Investment Analysis and Portfolio Management”, Tata McGraw Hill.
3. Rustogi, R.P., Fundamentals of Investment, Sultan Chand & Sons, New Delhi.
4. Vohra, N.D., and B.R. Bagri, “Futures and Options”, McGraw Hill Publishing
5. Mayo, An Introduction to Investment, Cengage Learning.
Spreadsheet is the recommended software for doing basic calculations in finance and hence
can be used for giving students subject related assignments for their internal assessment
purposes. B.Com. (Hons.): Semester - VI
Paper 6.4 (b): Financial Markets, Institutions And Financial Services

52
 B.Com. CBCS

B. Com.: Semester VI
Paper 6.4 (i): MANAGEMENT ACCOUNTING

Duration: 3 hrs. Marks: 100 Lectures: 65

Objective: To provide the students knowledge about use of costing data for planning, control and
decision making.

Unit I:
Nature and Scope, Difference between cost accounting and management accounting, cost
control, cost reduction, cost management. Responsibility Accounting, Divisional Performance
Measurement. (10 Lectures)
Unit II:
Budgeting and budgetary control: Concept of budget and budgetary control, objectives, merits,
and limitations, Budget administration, Functional budgets, Fixed and flexible budgets, Zero
base budget, Programme and performance budgets. (14 Lectures)
Unit III:
Standard costing and variance analysis: Meaning of standard cost and standard costing:
advantages, limitations and applications, Variance analysis – material, labour, overhead and sales
variances, Disposition of variances, Control ratios. (14 Lectures)

Unit IV:
Absorption versus variable costing: Distinctive features and income determination. Cost-
Volume-Profit Analysis: Break-even analysis-algebraic and graphic methods. Contribution /
sales ratio, key factor. Margin of safety. Angle of incidence. Determination of cost indifference
point. (14 Lectures)
Unit V:
Decision making: Costs for decision making, variable costing and differential analysis as aids in
making decisions – fixation of selling price, exploring new market, make or buy, product mix,
operate or shut down, seller process further. (14 Lectures)

Suggested Reading:

1. Nigam, B.M. Lall. and I.C. Jain. Cost Accounting, Principles and Practice, Prentice. Hall of
India, New Delhi.
2. Mittal, D.K. and Luv Mittal. Cost Accounting. Galgotia Publishing Co., New Delhi.
3. Rajiv Goel, Management Accounting, International Book House
4. Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.
5. Shukla, M.C., T.S. Grewal and M.P. Gupta. Cost Accounting, Text and Problems. S. Chand &
Co. Ltd., New Delhi.
6. H.V. Jhamb, “Management Accounting”, ANE Books Pvt. Ltd. New Delhi
7. Maheshwari, S.N. and S.N. Mittal. Cost Accounting, Theory and Problems. Shri Mahabir Book
Depot, New Delhi.
8. Jain, S.P. and K.L. Narang. Cost Accounting, Principles and Methods. Kalyani Publishers,
Jalandhar.
9. Iyengar, S.P. Cost Accounting. Sultan Chand & Sons, New Delhi.
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 B.Com. CBCS

10. Singh, S. K. and Gupta Lovleen. Management Accounting – theory and Practice. Pinnacle
Publishing House.
11. Horngren, Charles T., Gary L. Sundem. Introduction to Management Accounting. Prentice Hall.
12. Garrison H., Ray and Eric W. Noreen. Managerial Accounting. McGraw Hill.
13. Drury, Colin. Management and Cost Accounting. Thomson Learning.
14. Lal, Jawahar. Advanced Management Accounting Text and Cases. S. Chand & Co., New Delhi.
15. Khan, M.Y. and P.K. Jain. Management Accounting. Tata McGraw Hill, Publishing Co., New
Delhi.

Note: Latest edition of text book may be used.

54