HEMCHAND YADAV VISHWAVIDYALAYA,

DURG (C.G.)
Website -www.durguniversity.ac.in, Email - [email protected]

SCHEME OF EXAMINATION
&
SYLLABUS
of
M.Com. (Commerce) Annual Exam
UNDER

FACULTY OF COMMERCE
Session 2021-22

(Approved by Board of Studies)

Effective from July 2021
 SYLLABUS OF ANNUAL EXAM
ORDINANCE No. 24
MASTER OF COMMERCE EXAMINATION
1. The examination for the degree of Master of Commerce shall consist of two parts :
a. The Previous Examination and
b. The Final Examination
2. A candidate who, after taking his B. Com. Degree of the University or an examination of
any Statutory University in India which has been recognized by the University as
equivalent to the B. Com. degree of the University and has completed a regular course
of study in the Teaching Department of the University or in a college affiliated to the
University in the subject in which he offers himself for examination for an academic
year, shall be admitted to the Previous examination for the degree of Master of
Commerce.
A candidate after passing a graduate examination under 11+3 scheme or any other
examination recognized by the University as equivalent there to shall be eligible for
admission to a postgraduate course of studies where graduation is minimum
qualification only after passing one year Bridge Course prescribed for the purpose. This
shall apply to students graduating in 1991 main examination.

3. A candidate who, after passing the M. Com. Previous examination of the University, has
completed a regular course of study for one academic year in a Teaching Department
of the University or in a college affiliated to the University shall be admitted to the Final
Examination for the degree of Master of Commerce.

A candidate who has passed the Previous examination for the degree of Master of
Commerce of another University may also be admitted to the Final examination for the
degree of Master of Commerce after obtaining necessary permission from the Kulpati
provided that he offered for his Previous examination a course of study of an
equivalent standard with almost identical syllabus as is required for the previous
examination of this University and has attended a regular course of study for one
academic year in a Teaching Department of the University or in a college affiliated to
the University.

4. Besides regular student and ex-students and subject to their compliance with this
Ordinance, Non-collegiate students shall be eligible for admission to the examination as
per provisions of Ordinance relating to admission of non-collegiate students to the
University examination.
Provided that non-collegiate candidates shall be permitted to offer only such subjects/
papers as are taught to the regular students at any of University Teaching Department
or College.
A candidate securing 60% or more marks in M.Com. Previous examination will be
eligible to offer dissertation in lieu of the optional papers for the Final. A regular
candidate can offer dissertation with the permission of the Professor and Head of
Department of his
Institution, while a private candidate will have to secure the prior permission in writing of
any one of the Professors of the subject working in an Institution within the jurisdiction of
the University and will work under supervision of the Professor after obtaining prior
permission of the University to that effect.

5. The scope of the examination shall be determined by the Academic Council and given
in the detailed course of studies.

6. A candidate who has passed the M.Com Examination of the University, shall be allowed
to present himself for the M.Com Examination in any one or more of the optional
papers not taken by him at the said examination and if successful will be given a
certificate to that effect.
No candidate shall be allowed to offer more than two additional papers in any one
year.
7. For both the Previous and Final examination a candidate will be declared successful if
he/ she obtains at least 36% of the aggregate marks in the subject.

No division will be assigned on the result of the previous examination. The division in
which a candidate is placed shall be determined on the basis of aggregate of marks
obtained in both the M.Com Previous and M. Com. Final Examination.
8. Successful candidates who obtain 60% of more of the aggregate marks shall be placed
in the First Division, those obtaining less than 60% but not less than 48% in the Second
Division and all other successful candidates obtaining less than 48% in the Third
Division.
9. Candidates who have passed the M.Com. Examination of the University in Third or
Second Division and desire to appear at the M.Com. Examination for improving division
may, without attending a regular course of study in a college affiliated to the University
or in a Teaching Department of the University be allowed to appear at the aforesaid
examination as non collegiate student on the following conditions.
(i) There shall be only two division for such candidates i.e. First Division and Second
Division. The marks required for obtaining these divisions shall be the same as
prescribed in the Ordinance i. e. examinees who are successful in final of the
examination and have obtained 60% or more of the aggregate of the marks in
Previous and Final of the examinations taken together shall be placed in the
First Division and examinees who are successful in Final of the examination and
have obtained less than 60% but not less than 48% of the aggregate marks in
Previous and Final of the Examination taken together shall be placed in the
Second Division.

i. The results of the candidates obtaining less than 48% of the aggregate marks in
Previous and Final of the examination taken together shall not be declared.
 ii. Candidates shall have the option to appear at both the Previous and Final examination in one
and the same year and for being successful at the examination, the candidates shall obtain
48% of the aggregate marks.

iii. Provided that such candidates who opt to appear in Previous and Final examinations
separately shall have to obtain minimum aggregate required for the previous examination but
he will have to obtain at least 48% in the aggregate of the Previous and Final examinations
taken together or else his result will be cancelled.

iv. The syllabus for the examinations shall be the same as prescribed for the year in which the
examination is held.

v. Not more than two attempts shall be allowed to such candidates. Failure or non- appearance
at the examination after permission has been accorded by the University, shall be counted as
an attempt.

Provided however such candidates who opt to appear at the Previous and Final examinations
separately will be allowed one attempt at the previous examination and two attempts at the
Final examination.

vi. Candidates who wish to avail the opportunity given in foregoing Para’s will have to apply for
permission as required in the Ordinance relating to Admission of non- collegiate students to
the University examination along with requisite Registration Fees.
vii. In case a student improves his division under provision of this Para, the fresh degree will be
issued after cancelling his first degree.
viii. Transitory Provision: The repealed Ordinance relating to Master of Commerce Examination
shall remain effective till the examination of 1974, and this new Ordinance shall be applicable
from the examination of 1975.

USE OF CALCULATOR
The students of Degree P. G. classes will be permitted to use of calculators in the examination
hall from annual Academic 1986 examination on the following conditions as per decision of the
standing committee of the Academic Council at its meeting held on 31-1-1986.
1. Student will bring their own Calculator.
2. Calculators will not be provided either by the University or examination centers.
3. Calculators with memory and following variables be permitted : +, -, x, , square, reciprocal,
exponentials log, square root, trigonometric functions viz. sine, cosine, tangent etc. factorial
summation, xy, yx and in the light of objective approval of merits and demerits of the viva only
will be allowed.
---------
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M.Com. Economics

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Managerial Economics
100 1171
Paper - I
iz”u i=&II o`gr ¼mPprj½ ys[kkadu
Advanced Accounting
100 1172
Paper - II
iz”u i= &III izca/kdh; fu.kZ;ksa ds fy, ys[kkadu
Accounting for Managerial Decision
100 1173
Paper - III
iz”u i= &IV lkaf[;dh; fo”ys’k.k
Statistical Analysis
100 1174
Paper - IV
iz”u i= &V fuxfer fof/k lajpuk
Corporate legal frame work
100 1175
Paper - V

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iz”u&i= ¼Compulsory Paper½
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iz”u i= &I izcU/kdh; vo/kkj.kk,a ,oa laxBukRed O;ogkj
Management Concepts and Organizational Behavior
100
Paper - I
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Advanced Cost Accounting
100
Paper - II
iz”u i= &III vk;dj fo/kku ,oa dj fu;kstu
Income Tax Law & Tax Planning
100
Paper - III

Optional Specialization:
And any one Group of the following.

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Paper – A I foi.ku izcU/k

iz'ui= &AI 100
¼MarketingManagement½
Paper – A II vUrjk’Vªh; foi.ku
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iz'ui= &AII

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Paper – B I foRrh; izcU/k 100
iz'ui= & B I ¼FinancialManagement½
Paper – B II ekuo lalk/ku izcU/k 100
iz'ui= & BII (Human Resource Management½
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Paper – C I cSafdax O;ogkj ,oa laLFkk,a 100
iz'ui= &CI ¼ Banking Practices and Institutions½

Paper – C II chek ds fl)kar ,oa O;ogkj 100

iz'ui= &CII ¼Principles and Practices of Insurance½

Optional Group-(D) djkjksi.k ,oa ys[kkadu (Taxation and Accounting)

Paper – D I Hkkjr esa djkjksi.k 100
iz'ui= &DI ¼Taxation in India½
Paper – D II ys[kkadu i)fr;k¡ 100
iz'ui=&DII Accounting Method

Optional Group - (E) O;lkf;d i;kZoj.k ,oa foRrh; laLFkk,a ,oa cktkj
(Business Environment & Financial Instititutions and Markets)
Paper – E I O;lkf;d i;kZoj.k 100
iz'ui= &EI ¼ Business Environment½

Paper – E II foRrh; laLFkk,a ,oa cktkj 100

iz'ui=&EII (Financial Instititutions and Markets)

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COMPULSORY GROUP
PAPER - I, (Paper Code - 1171)
MANAGERIAL ECONOMICS
M.M. 100

This course develops managerial perspective to economic fundamentals as aids to

decision making under given environmental constraints.
COURSE INPUTS
UNIT-1 Nature and Scope of Managerial Economics: Objective of a firm;
Economic theory and managerial theory; Managerial economist’s role
and responsibilities; Fundamental economic concepts- incremental
principle, opportunity cost principle, discounting principle, equimarginal
principle.
UNIT-2 Demand Analysis: Individual and market demand functions Law of
demand, determinants of demand; Elasticity of demand - its meaning and
importance; Price elasticity, income elasticity and cross elasticity; Using
elasticity in managerial decisions.
Theory of consumer Choice: Cardinal utility approach, indifference
approach, revealed preference and theory of consumer choice under
risk; Demand estimation for major consumer durable and non-durable
products; Demand forecasting techniques.
UNIT-3 Production Theory : Production function - production with one and two
variable inputs; Stages of production; Economies of scale; Estimation of
production function; Cost theory and estimation; Economic value
analysis; Short and long run cost functions - their nature, shape and
inter-relationship; Law of variable proportions; Law of returns to scale.
UNIT-4 Price Determination under Different Market Conditions: Characteristics of
different market structures; Price determination and firm’s equilibrium in
short-run and long-run under perfect competition, monopolistic
competition, oligopoly and monopoly.
Pricing Practices: Methods of price determination in practice; Pricing of
multiple products; Price discrimination; International price discrimination
and dumping; Transfer pricing.
UNIT-5 Business Cycles: Nature and phases of a business cycle; Theories of
business cycles-psychological, profit, monetary, innovation, cobweb,
Samuelson and Hicks theories.
Inflation: Definition, Characteristics and types; Inflation in terms of
demand-pull and cost-push factors; Effects of inflation.
REFERENCES -
Baumol, William J : Economic Theory and Operations Analysis, Prentice Hall, London.
Baya, Michael R: Managerial Economics and Business Strategy, McGraw Hill Inc. New
York.
Chopra, O.P : Managerial Economics, Tata McGraw Hill, Delhi. Dean, Joel: Managerial
Economics, Prentice Hall, Delhi.
Dholakia, R.H. and A.L. Oza : Micro Economics for Management Students, Oxford
University Press, New Delhi.
 Eaton, B.Curtis and Diane Faton: Micro Economics, Prentice Hall, New Jersey. Gough,
J.and S. Hills : Fundamentals of Managerial Economics, MacMillan London.
Haynes, W.W., V.L. Mote and S. Paul : Managerial Economic Analysis and Cases,
Prentice Hall India, Delhi
Petersen, H.Craig and W.Cris Lewis: Managerial Economics, Prentice Hall, Delhi.
Salvatore, Dominick: Managerial Economics in a Global Economy, McGraw Hill, New
York.
Virian, H.R: International Microeconomics: A Modern Approach, East West Press, New
Delhi.
Varshney RL and Maheshwari KL: Managerial Economics; Sultan Chand and Sons, New
Delhi.
Dwivedi DN: Managerial Economics, Vikas Publishing House, New Delhi. Adhikary M
Business Economics, Excel Books, New Delhi.

REFERENCE BOOKS:
1. 1. Spencer : Managerial Economics
2. Farrar & Meyer : Managerial Economics
3. Nummers : Managerial Economics
4. F.E.Gillis : Managerial Economics
5. Colberg : Business Economics
6. Coppnak : Economics of the Business Firm
7. Macnair Mefiam : Problems of Business Economics
8. Stigler : Theory of Prices
9. Bain : Price Theory
10. Baumol W. U. : Economic Theory & Operational Analysis
11. Cohens Cyert : Theory of the Firm
12. D.S.Watson : Price Theory & its Uses.

RECOMMENDED BOOKS:
1. Savage & Small : Introduction to Managerial Economics
2. Dafty : Managerial Economics
3. Joel Dean : Managerial Economics
4. Haynes & Note : Managerial Economics
5. Varshney & Maheshwari : Managerial Economics
6. H. Rahman : Managerial Economics
 PAPER - II,
(Paper Code - 1172)
ADVANCED ACCOUNTING M.M.100

OBJECTIVE:
The objective of this course is to expose students to accounting issues and
practices such as maintenance of company accounts, valuation of goodwill
and shares, and handling accounting adjustments.

COURSE INPUTS:

UNIT-1
Accounting for issue, forfeited and redemption of shares and debentures.
Final accounts and financial statements of companies
UNIT-2
Amalgamation and Internal Reconstruction of companies as per accounting
standard-14.
UNIT-3
Accounting for holding and subsidiary companies.
Accounts relating to liquidation of companies.
UNIT-4
Account of public utility concerns: Double Account system.
Accounts of banking companies.

UNIT-5 Royalty accounts, Voyage accounts and Investment accounts.

REFERENCES:
Beams, F.A : Advanced Accounting, Prentice Hall, New Jersey.
Dearden, J. and S.K. Bhattacharya : Accounting for Management, Vikas Publishing
House, New Delhi.
Engler, C., L.A Bernstein. and K.R Lambert : Advanced Accounting, lrwin, Chicago.
Fischer, P.M., W.J Taylor and J.A Leer : Advanced Accounting, South-Western, Ohio.
Gupta, R.L : Advanced Financial Accounting, S.Chand & Co., New Dehli.
Keiso D.E. and J.J Weygandt : Intermediate Accounting, John Wiley and Sons, NY.
Maheshwaari, S.N : Advanced Accountancy - Vol.II, Vikas Publishing House, New
Delhi. Monga, J.R : Advanced Financial Accounting, Mayoor Paperbacks, Noida
Narayanaswamy, R : Financial Accounting : A Managerial Perspective, Prentice Hall of
India, Delhi
Neigs, R.F : Financial Accounting, Tata McGraw Hill, New Delhi.
Shukla, M.C. and T.S. Grewal : Advanced Accountancy, Sultan Chand & Co., New
Delhi. Warren, C.S. and P.E. Fess : Principles of Financial and Managerial Accounting,
South- Western, Ohio.
BOOKS RECOMMENDED:

1. Plekles and Duakerley : Accountancy

2. Wilson : Company Accounts
3. Diskson : Accountancy
4. J.R. Batlboi : Advanced Accounting
5. R.R. Gupta : Advanced Accounting
6. S.M. shukla : Advanced Accounting
7. Shukla and Grewal : Advanced Accounting
8. H. Chakravarty : Advanced Accounts
9. Dr. Sukla Avam Agrawal : Advanced Accountancy
10. Dr. S.S.Gupta : Advanced Accounts
11. R.L. Gupta : Accountancy
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15. Basu Das : Advanced Accounting
16. S.N. Maheshwari : Advanced Accounting
17. Karim, Khanuja and Mehta : Advance Accounts
 PAPER-III
ACCOUNTING FOR MANAGERIAL DECISION
M.M. 100
OBJECTIVE
The objective of this course is to acquaint students with the accounting concepts,
tools and techniques for managerial decisions.

COURSE INPUTS -
UNIT-1
 Introduction of Accounting: Management accounting as a area a accounting;
Objectives, nature, and scope of financial accounting, cost accounting, and
management accounting; Management accounting and managerial decisions;
Management accountant’s position, role, and responsibilities.
 Accounting Plan and Responsibility Centres: Meaning and significance of
responsibility accounting; Responsibility centres-cost centre, profit centre and
investment centre; Problems in transfer pricing; Objectives and determinants of
responsibility centres.
UNIT-2
 Budgeting: Definition of budget; Essentials of budgeting; Types of budgets -
functional, master, etc.; Fixed and flexible budget; Budgetary control; Zero-
base budgeting; Performance budgeting.
 Standard Costing and Variance Analysis : Standard costing as a control
technique; Setting of standards and their revision; Variance analysis -
meaning and importance, kinds of variances and their uses - material, labour
and overhead variances; Disposal of variances; Relevance of variance analysis
to budgeting and standard costing.
UNIT-3
 Marginal Costing and Break-even Analysis : Concept of marginal cost; Marginal
costing and absorption costing; Marginal costing versus direct costing; Cost-
volume-profit analysis; Break-even analysis; Assumptions and practical
applications of break-even-analysis; Decisions regarding sales-mix, make or
buy decisions and discontinuation of a product line etc.
UNIT-4
 Analyzing Financial Statements: Horizontal, vertical and ratio analysis; Cash
flow analysis. Fund flow analysis.
UNIT-5
 Contemporary Issues in Management Accounting: Value chain analysis;
Activity- based costing; Quality costing; Target and life cycle costing.
 Reporting to Management: Objectives of reporting, reporting needs at
different managerial levels; Types of reports, modes of reporting, reporting at
different levels of management.
REFERENCES:
Anthony, Robert : Management Accounting, Tarapore-wala, Mumbai.
Barfield, Jessie, Ceily A.Raiborn and Michael R.Kenney : Cost Accounting : Traditions
and lnnovations, South - western College Publishing, Cincinnati, Ohio.
Decoster, Don T. and Elden L. Schafe : Management Accounting : A Decision
Emphasis, John Wiley and Sons Inc., New York.
Garrison, Ray H. and Eric W. Noreen : Management Accounting, Richard D.lrwin,
Chicago. Hansen, Don R. and Maryanne M. Moreen : Management Accounting,
South-Western College Publishing, Cincinnati. Ohio.
Horngran, C.T., Gary L. Sundem, and William O. Stratton : Introduction to
Management Accounting, Prentice Hall, Delhi.
Horngren, Charles T., George Foster and Srikant M.Dalior : Cost Accounting : A
Managerial Emphasis, Prentice Hall, Delhi.
Lall, B.M., and I.C. Jain : Cost Accounting : Principles and Practice, Prentice Hall,
Delhi. Pandey, I.M : Management Accounting, Vani Publication, Delhi
Welsch Glenn A., Ronald W.Hilton and Paul N. Gordon : Budgeting, Profit Planning
and Control, Prentice Hall, Delhi.

RECOMMENDED BOOKS:
1. Anthony Robert N. : Management Accounting
2. Gilet : Management and the account
3. Wills more : Business, Business Budget and Budgetary
Control
4. Rose U. Fahri : Higher Management Control
5. Guthmann HG : Analsy of Financial Statement
6. Smith and Ashburn : Financial and Administrative Accountancy
7. Pinkless and Duakaraley : Accountancy
8. Manmohan A Goyal : Management Accounting
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 (Compulsory) PAPER-IV,
(Paper Code- 1157)
SATATISICAL ANALYSIS M.M.100
OBJECTIVE:
The objective of this course is to make the students learn the application of statistical
tools and techniques for decision making.

COURSE INPUTS:
UNIT-1 Statistics - Definitions, Characteristics, Scope & Nature, Functions,
limitations, Distrust and misuse, importance & Statistical Investigations.
Classification & Tabulation Data Sources - Primary and Secondary, Primary
data collection techniques, Schedule, Questionnaire and interview &
Sources of Secondary data.
UNIT-2 Dispersion, Co-efficient of variance and skewness, correlation - Karl
Pearsons and spearman's ranking method and Regression analysis, Two
variables case.
UNIT-3 Probability Theory - Probability classical, relative and subjective
probability, Addition and multiplication probability models - Conditional
probability and Baye's Theorem.
Probability Distributions - Binomial Poisson and Normal Distributions,
Their characteristics and applications.
UNIT-4 Statistical Decision Theory - Decision environment, Expected profit under
Uncertainty and assigning probabilities and utility theory.
Statistical Estimations and Testory - Point and interval estimation of
population mean, proportion and variance Statistical Testing - Hypothesis
and Errors, Sample size - Large and Small Sampling; test Z Tests, T Tests &
F Tests.
Association of Attributes - Two Attributes, consistency of data,
measurement of Association of Attributes - Percentage method, Co-
efficient of Association, Comparison of Actual and (youle method)
Expected frequencies & Illusory Association.
UNIT-5 Statistical Quality Control - Causes of Variations in quality characteristics,
Quality Control charts-purpose and logic, Process under control and out
of control, warning limits, control charts for attributes-fraction defectives
and number of defects, Acceptance sampling.
Interpolation and Extrapolation - Parabolic Binomial, Newton and long rages
method.
REFERENCES :

Hooda, R.P : Statistics for Business and Economics, Macmillan, New Delhi. Heinz,
Kohler : Statistics for Business & Economics, Harper Collins, New York.
Hien, L.W : Quantitative Approach to Managerial Decisions, Prenctice Hall, New
Jesery. Lawrence B.Morse : Statistics for Business & Economics, Harper Collins, NY.
Levin, Richard I. and David S Rubin : Statistics for Management, Prentice Hall, Delhi.
Watsnam Terry J. and Keith Parramor; Quantitative Methods in Finance,
International Thompson Business Press, London.
Research disign, Types of Research, Formulation of Research Proposal Source of
Information and writing of reports.

BOOKS RECOMMENDED:
1. D.N.Elhance : Fundamentals of Statistics
2. E.G.Grant : Statistical Quality Control
3. Ma.N.Murty : Sampling theory and methods
4. S.P.Gupta : Statistical Methods
5. S.C.Gupta & Smt. I.Gupta : Fundamental of Statistics Himalaya Publishing
House Delhi.
6. D.C.Sancheti & V.K.Kapoor : Statistics theory methods & Application
7. A.N. Sadhu & Amarjeet Singh : Research Methodology in Social Science
8. V.P. Michael : Research Methodology in Management
9. Sethana & Groenaveld : Research Methods in Marketing Management
10. Yule G.V. & KendallM.G. : An Introduction to theory of Statistics
11. Yeats : Sampling Methods in Census and Surveys
12. Bowley : Elements of Statistics
13. Singh : Research Methodology (Hindi)
14. Mukherjee : Research Methodology
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 Compulsory PAPER - V
(Paper Code - 1176)
CORPRATE LEGAL FRAMEWORK M.M.100
OBJECTIVE
The objective of this course is to provide knowledge of relevant provisions of various
laws influencing business operations.

COURSE INPUTS

UNIT-1
 The Companies Act, 1956 (Relevant Provisions): Definition, types of companies
Memorandum of association; Articles of association; Prospectus; Share capital
and membership; Meetings and resolutions; Company management; Managerial
remuneration; Winding up and dissolution of companies.

UNIT-2
 The Negotiable Instruments Act, 1881: Definition, types of negotiable
instruments; Negotiation; Holder and holder in due course; Payment in due
course; Endorsement and crossing of cheque; Presentation of negotiable
instruments.

UNIT-3
 Legal Environment for Security Markets: SEBI Act, 1992 - organization and
objectives of SEBI; Powers under Securities Contract Regulation Act 1956
transferred to SEBI; Role of SEBI in controlling the security markets.

UNIT-4
 Restrictive and Unfair Trade Practices: MRTP Act 1969-monopolistic trade
practices; Restrictive trade practices; Unfair trade practices. The Consumer
Protection Act, 1986 - salient features; Definition of consumer, rights of
consumer; Grievance redressal machinery.

UNIT- 5
 Regulatory Environment for International Business : FEMA Act 1999, WTO
Regulatory framework of WTO, basic principles and its charter; WTO- provisions
relating to preferential treatment to developing countries; Regional groupings,
technical standards anti-dumping duties and other NTBs; Custom valuation and
dispute settlement; TRIP and TRIMs.
REFERENCES :
Amarchand, D : Government and Business, Tata McGraw Hill, New Delhi.
Avadhaani V.A. SEBI Guidelines and Listing of Companies, Himalaya Publishing
House, Delhi.
Indian Contract Act, 1872.
Ramaiya, A : Guide to Companies Act, Wadhwa Co., 1996.
SEBI Act 1992 : Nabhi Publication, Delhi.
Securities (Contract and Regulation) Act, 1956.
Singh, Avtar : Law Relating to Monopolies, Restrictive and Unfair Trade Practices,
Eastern Book Co., Lucknow.
Taxman's Company Act, 1998, New Delhi.
Taxman's Masters Guide to Companies Act, 1998.
Taxman ' s Mercantile Law, 1997.
The Companies Act, 1956.
The Instruments Act, 1881.
BOOKS RECOMMENDED :
1. Company Act 1956 (as amended upto date)
2. Rao – companies Act, 1956
3. Ramaiya A – A guide to the Company Act.
4. Desai and shah – Company administration under the new companies act.
5. Companies Act. 1948 of England.
6. Annual Report on the working and Administration of the Companies act.
7. R.N. Sharma & Us Rastogi- Company Law & Administration Hindi, Quarterly and
Annual Blue Books on Joint Stock Companies published by the Department of
Company Law Administration.
8. MkW- ,l-,e- 'kqDyk % dEiuh] lfé;e
9. 'kekZ ,oa jLrksxh % dEiuh ,oa iz'kklu
10. feRry ,oa vxzoky % Hkkjrh; dTiuh vf/kfu;e] ¼Hkkjrh; daiuh
vf/kfu;e 1956½
11. M.C. Kuchhal : Company Law
12. D.N.K. Sharma : Company Law
13. V. Seshavataram Quyan : Company Law (S. Chand & Co.) Chaoko Paul
Coorelius G. Ramavstorem
14. mik/;k; prqosZnh] xqIrk] 'kekZ % daiuh vf/kfu;e
 izcU/kdh; vo/kkj.kk,a ,oa laxBukRed O;ogkj vfuok;Z
iz'ui= & izFke
MANAGEMENT CONCEPTS AND ORGANISATIONAL BEHAVIOUR
(Compulsory PAPER - FIRST)
M.M. 100
Unit – I Schools of Management Thought: Scientific, process, human behavior
and social system school; Decision theory school; Quantitative and system
school; Contingency theory of management; Functions of a manager.
Managerial Functions: Planning - concept, significance, types; Organizing - concept,
principles of authority, theories, types of organizations, authority, responsibility,
power, delegation, decentralization;
Unit – II Staffing; Directing; Coordinating; Control - nature, process, and techniques.
Organizational Behavior: concept and significance; Relationship between
management and organizational behavior; Emergence and ethical
perspective; Attitudes; Perception; Learning; Personality; Transactional
analysis.
Unit – III Motivation : Process of motivation; Theories of motivation - need
hierarchy theory, theory X and theory Y, two factor theory, Alderfer’s ERG
theory, Mc Cleland’s learned need theory, Victor Vroom’s expectancy
theory, Stacy Adams equity theory.
Group Dynamics and Team Development: Group dynamics - Definition and
importance, types of groups, group formation, group development, group
composition, group performance factors; Principle- cent red approach to
team development.
Unit – IV Leadership : Concept; Leadership styles; Theories - trait theory, behavioural
theory, Fielder’s contingency theory; Harsey and Blanchard’s situational
theory; Managerial grid; Likert’s four systems of leadership.
Organizational Conflict: Dynamics and management; Sources, patterns,
levels, and types of conflict; Traditional and modern approaches to conflict;
Functional and di functional organisational conflicts; Resolution of conflict.

Unit – V Interpersonal and Organizational Communication : Concept of two- way

communication; Communication process; Barriers to effective
communication; Types of organizational communication; Improving
communication; Transactional analysis in communication.
Organizational Development: Concept; Need for change, resistance to
change; Theories of planned change; Organizational diagnosis;
Organizational Development intervention.
 mPprj ykxr ys[kkadu vfuok;Z
iz'ui= & f}rh;
ADVANCED COST ACCOUNTING
Compulsory Paper - Second
M.M. 100
Unit – I Definition and importance of Cost Accounting. Objects and
classification of cost accounts Elements of cost and their accounting.
Stores - control and record methods of issue of materials
Analysis and Accounting for works and sales expenses, Different Methods
of allocating indirect expenses.
Unit – II Record of wages, Methods of remunerating labour and their effect on
cost. Output cost accounts and operating costing.
Financial and costing, records, their reconciliation, Contract cost accounts
profit and loss on in completed contracts and the valuation of work in
progress.
Unit – III Process cost accounts.
Uniform costing & Estimate costing

Unit – IV Standard costing & Vauiance Analysis (Material, Labour and overheads)
Budgetary control Importance of budgets in accounting. Nature of
budgetary control Organization for budgetary control preparation of fixed
variable budgets. Cash Budget, Prodcution and sales Budget.

Unit – V Marginal costing - Contribution Marginal analysis Vs. Net Profit

analysis cost volume, profit studies and break even charts.
Managerlal Decisions Tasted on Marginal and deferential casting.
 vk;dj fo/kku ,oa dj fu;kstu
vfuok;Z iz'ui= & r`rh;
Income Tax Law and Tax Planning
Compulsory paper - Third

M.M. 100

Unit – I Law relating to Income tax: Brief study of the main provisions of the Indian
Income Tax Act of 1961. Important definitions. Income exempted from tax,
Residence and Tax liability, calculation of taxable income under the head
salary, House property.
Unit – II Calculation of taxable income under the head: Business and profession,
Capital gains, Income from other sources, calculation of taxable income and tax
of Individual.
Unit – III Depreciation and Development allowance, Sef off and carry forward of
losses, Return of Income, Deduction of tax atsource, Advance payment of
tax, Provisional Regular, Exparte and emergency assessment, Re opening of
assessment, Appeals & Revisions Reference of High court & Supreme court,
offences & penaltion, Income tax authourities.
Unit – IV Assessment of Hindu Un dividend; Families; Firms, Association of persons,
Companies, Non-residents, Co-operative societies, preparation of income
tax returns, Computation of Income Tax.
Unit – V Concept of tax planning Tax avoidance and tax evasions; Tax Planning with
reference of location, nature and form of organisation of new business.
Tax planning to Capital Structure, decision dividend policy, Inter corporate
dividends and bonus shares.
 oSdfYid lewg ¼A½ % foi.ku
Optional Group (A) : Marketing
foi.ku izcU/k ¼iz'ui= : A & izFke½
MARKETING MANAGEMENT
(Paper : A - First)
M.M. 100
OBJECTIVE :
The objective of this course is to facilitate understanding of the conceptual
framework of marketing and its applications indecision making under various
environmental constraints.
COURSE INPUTS:
Unit – I Introduction: Concept, nature, scope and importance of marketing;
Marketing concept and its evolution; Marketing mix; Strategic marketing
planning-an over view.
Market Analysis and Selection: Marketing environment-macro and micro
components and their impact of marketing decisions; Market segmentation
and positioning; Buyer behavior; Consumer versus organisational buyers;
Consumer decision-making process.
Unit – II Product Decisions: Concept of a product; Classification of products; Major
product decisions; Product line and product mix; Branding; Packaging and
labeling; Product lifecycle-strategic implications; New product
development and consumer adoption process.
Unit – III Pricing Decisions: Factors affecting price determination; Pricing policies
and strategies; Discounts and rebates.
Distribution Channels and Physical Distribution Decisions: Nature, functions,
and types of distribution channels; Distribution channel intermediaries;
Channel management decisions; Retailing and wholesaling.
Unit – IV Promotion Decisions: Communication process; Promotion mix-
advertising, personal selling, sales promotion, publicity and public
relations; Determining advertising budget; Copy designing and its
testing; Media selection, Advertising effectiveness; Sales promotion- tools
and techniques.
Marketing Research: Meaning and scope of marketing research; Marketing
research process.
Unit – V Marketing Organization and Control: Organising and controlling marketing
operations.
Issues and Developments in Marketing : Social, ethical and legal aspects of
marketing; Marketing of services; International marketing; Green
marketing; Cyber marketing; Relationship marketing and other
developments in marketing.
 xzkeh.k] d`f"k ,oa vUrjkZ"Vªh; foi.ku
¼iz'ui= A :& f}rh;½
International Marketing (Paper A: - Second)

M.M. 100

Unit – I Introduction to International Marketing: Nature and Significance; Complexities in

International Marketing; Transition from domestic to Transnational Marketing ;
International market orientation- EPRG framework; International market entry
strategies.
International Marketing Environment: Internal Environment; External Environment:
Geographical, Demographic, Economic, Socio-cultural, Political And Legal
Environment; Impact of Environment on International Marketing Decisions.

Unit – II
Foreign Market Selection: Global Market Segmentation; Selection of Foreign
Markets: International Positioning.

Product Decisions: Product Planning for global markets; Standardization Vs Product

Adaption; New Product Development; Management of International Brands;
Packaging and Labelling; Provision of Sales related Services.

Pricing Decisions: Environmental influences on Pricing Decision; International

Pricing Policies and Strategies.
Unit – III
Promotion Decisions: Complexities and Issues; International Advertising, Personal
Selling, Sales Promotion and Public Relations.

Distribution Channels and Logistics: Functions and types of Channels; Channel

Selection Decisions; Selection of foreign Distributors / Agents and Managing
relations with them; International Logistics Decisions.
Unit – IV
International Marketing Planning, Organizing and Control: Issues in International
Marketing Planning; International Marketing Information System; Organizing and
Controlling; International Marketing Operations.
Unit – V Emerging Issues and Developments in International Marketing: Ethical and Social
Issues; International Marketing of Services; Information Technology and
International Marketing; Impact of Globalization; WTO.
 oSdfYid lewg ¼B½ % izca/k
Optional Group (B): Management
foRrh; izcU/k ¼iz'ui= : B & izFke½
FINANCIAL MANAGEMENT
(Paper: B - First)
M.M. 100
OBJECTIVE

The objective of this course is to help students of understand the conceptual

framework of financial management, and is applications under various
environmental constraints.
COURSE INPUTS
Unit – I Financial Management: Meaning, nature and scope of finance; Financial
goal-profit Vs. wealth maximization; Finance functions - investment,
financing and dividend decisions.
Capital Budgeting: Nature of investment decisions; Investment evaluation
criteria - net present value, internal rate of return, profitability index,
payback period, accounting rate of return; NPV and IRR comparison; Capital
rationing; Risk analysis in capital budgeting.
Unit – II Cost of Capital : Meaning and significance of cost of capital;
Calculation of cost of debt, preference capital, equity capital and retained
earnings; Combined cost of capital (weighted); Cost of equity and CAPM.

Unit – III Operating and Financial Leverage : Measurement of leverages; Effects of

operating and financial leverage on profit; Analyzing alternate financial
plans; Combined financial and operating leverage.
Capital structure Theories: Traditional and M.M. Hypotheses - without taxes
and with taxes; Determining capital structure in practice.

Unit – IV Dividend Policies : Issues in dividend decisions, Walter’s model, Gordon’s

model, M-M hypothesis, dividend and uncertainty, relevance of dividend;
Dividend policy in practice; Forms of dividends; Stability in dividend policy;
Corporate dividend behavior.
Unit –V Management of Working Capital: Meaning, significance and types of working
capital; Calculating operating cycle period and estimation of working capital
requirements; Financing of working capital and norms of bank finance;
Sources of working capital; Factoring services; Various committee reports on
bank finance; Dimensions of working capital management.
Management of cash, receivables and inventory.
 ekuo lalk/ku ,oa mRiknu izcU/k ¼iz'ui= : B & f}rh;½
Human Resource Management

(Paper : B - Second)

M.M. 100

Unit – I Concept, Definition, Importance & Objectives of Personnel Management,

Historical Development of Personnel Management, Nature, scope planning,
Philosophy and Principles of personnel Management and its relation with
behavioral sciences.
Personnel policies, programmes & procedures.
Personnel Department; Personnel Functions, Position of personnel
Department & Organizatin of Personnel Management.
Unit – II Man power planning Recruitment and Selection, Training & Development of
Employees & Executives.
Promotion, Demotion, Transfers, Absenteeism & Turnover. Performance
Appraisal:- Merit Rating, Discipline, Career Planning and Development .
Unit – III Jo be valuation, Job Analysis, Job Design Wage &Salary Administration,
plans of Remuneration &Financial Rewards/Incentive payments.
Compensation Management, Basics of Compensation, Employees Fringe
Benefits &Services - Safety, Health &Security programme and welfare.
Motivation and Moral.
Unit – IV Group Dynamics, Types of Groups, Team work, Workers participation in
India, Industrial relations in India, labour welfare, collective bargaining
polices and practice, Future of Trade Union.
Unit – V Future of HRM: Globalization and HRM, Technology and HRM, HR legislation and
future of HRM, HR Information system, HRM Practices: change in Perspective
strategic Management of Industrial Relations.
 oSdfYid lewg ¼C½ % cSafdax ,oa chek
Optional Group(C):Banking and Insurance
cSafdax O;ogkj ,oa laLFkk,a ¼iz'ui= : C & izFke½
Banking Practices and Institutions (Paper : C - First)

M.M. 100

Unit – I Bank- Concept, Functions and Services, Band and Customer Relationship,
Concept of customer general relationship, Rights and obligation
Termination of Relationship,
Accounts of customers: Various customers account, Opening an account
Nomination, Special types of customers - Minors, Pardanshin women,
Lunatics, Intoxicated persons, Joint Hindu Family, limited companies and
Non-trading concern.

Unit – II Employment of Bank Funds, Importance of Liquidity, cash Reserve, Money at call
and short notice, Investments, Statutory provisions regarding liquid Assets,
Principles of lending, Types of Loan, Interest Tax Act.
Purchase/Discounting of Bill, legal Position, Cheques ‐ Crossing, collection and
Payment system securities for Advances, Lien and Mortgage, Hypothecation,
Pledge.

Unit – III Indian banking system - Structure of Indian banking system in pre- independence
and post- independence,
Commercial Banks : Meaning functions, management and investment policies of
commercial banks; Present structure; E-banking and e-trading; Recent
developments in commercial banking.
Development Banks : Concept, objectives, and functions of development
banks; Operational and promotional activities of development banks; IFCI,
ICICI, IDBI, IRBI, SIDBI; State development banks, state financial
corporations.

Unit – IV Non-Banking Financial Institutions : Concept and role of non-

banking financial institutions; Sources of finance; Functions of non-
banking financial institutions; Investment policies of non-banking
financial institutions in India.
Mutual Funds : Concept, performance appraisal, and regulation of
mutual funds (with special reference to SEBI guidelines); Designing and
marketing of mutual funds schemes; Latest mutual fund schemes in
India-an overview.
Merchant Banking : Concept, functions and growth; Government policy on
merchant banking services; SEBI guidelines; Future of merchant banking in
India.

Unit – V Reserve Bank of India: Organisation, management and functions; Credit

creation and credit control; Monetary policy. Banking Regulation Act,
1949, Important features.
 chek ds fl)kar ,oa O;ogkj
¼iz'ui= : C & f}rh;½
PRINCIPLES AND PRACTICES OF INSURANCE
(Paper : C - Second)
M.M. 100
Unit – I Origin of Insurance, its development, and organization Utility of
Insurance, Fundamental principles of insurance Insurable Interest,
almost good faith, other principles, Indemnity, subrogation warranties,
mitigation of laws, attachment of risk, cause proximal, contribution,
hazards physical and morale. Re-Insurance - General Principles, various
methods of reinsurance, under - insurance; over-insurance, double
Insurance.
Unit – II Functions & Benefits of Life Insurance, History of Life Insurance Business,
Life Insurance Policies, its kinds, procedure for effecting life Insurance,
hazards of life, and basis of rating Annuities Condition of life insurance
policies.
Premium - Elements of premium Methods of premium computation,
Natural Premium plan, Level premium plan, Net &Gross Premium, loading
settlement of claims Role of Life insurance Agent and his working.
Valuation of surplus and investment sources of surplus and use, Role of Life
Insurance Corporation of India and its development.
Unit – III Marine Insurance - Essentials of Marine Insurance Contract Marine
Insurance Act. 1963. Procedure of Taking out Marine Insurance Policy, kinds
of Marine Insurance Policies, Computation of Maine Insurance Premiums
and Returns, Marine Losses - Total Loss, Actual and Constructive, Partial
Loss - Particular average loss and general average loss, Settlements of
Claims and Recoveries, Salvage and particular charges.
Unit – IV Fire Insurance : Physical and moral hazards, functions of fire
insurance, history of fire insurance; principles of fire insurance,
meaning of fire, characteristics of fire Insurance, Contract rights of insurer
under a fire insurance contract, procedure of taking out a fire insurance
policy kinds of fire policies, computation of premium under fire
Unit – V insurance policy, fire
Miscellaneous policy conditions,
Insurance Personalsettlement
accidentof claims.
insurance, Motor,
employer’s liability fidelity guarantee, burglary, livestock, crop. and
workmen’s compensation insurance, Cattle Insurance.
Privatization of insurance in India. Insurance Regulatory & Development
Authority Act, 1999, Power and functions of authority.
 oSdfYid lewg ¼D½ % djkjksi.k ,oa ys[kkadu
Optional Group (D) : Taxation and Accounting
Hkkjr esa djkjksi.k ¼iz'ui= : D & izFke½
Taxation in India

(Paper: D -First)

M.M. 100
Unit – I Basic Concepts and Definitions, Residential Status and Tax Incidence,
Exempted Income, Deemed Income, Clubbing of Income, Deductions
underSection-80.
Computation of Tax Liabilities of Individual. Taxation on Agriculture
Income.
Unit – II Return of Income and Assessment, Various Types of Return, Types of
Assessment.
Advance payment of Tax, Tax Deducted at Source, Penalties and
Prosecution, Refund of Excess Payment.
Income Tax Authorities, Appeal and Revisions, Settlement of cases.
Unit – III Introduction of GST, Why Necessary of GST, Structure of GST, SCST,
CGST, UTGST & IGST Registration, Valuation of GST, Valuation, Rules,
Classification of Goods and Sales.
Unit – IV Assessment Procedure, Demand, Refund and Appeal. Central Excise Value
Added Tax Credit System (CENVAT), CG.VAT
Nature of customs duty, Types of customs duties, valuation for custom,
duty, inclusion and exclusion, valuation under customs act,
Unit – V Procedures for import and export under Custom Duty.
Export incentives, Duty drawback, Powers of customs officers, penalties,
confiscation of goods.
 ys[kkadu i)fr;k¡ ¼iz'ui= : D & f}rh;½
ACCOUNTING METHODS
(Paper: D - Second)

Unit – I Preparation of Accounts from incomplete records and single entry system.
Branch Accounts - Independent and foreign branch, Department
accounts.

Unit – II Lease accounts, Accounting for Price level changes, Human Resource
Accounting.

Unit – III Accounts of Hotel Companies, Accounts for Hospitals, Accounts of professional
people.

Unit – IV Accounting for educational institutions Accounts of Co‐operative societies.

Accounts of Agricultural farms.

Unit – V Government Accounting.

Insolvency accounts (individual and firm).
 Optional Group – E
Paper –I: Business Environment

Objective
This course develops ability to understand and scan business environment analyses
opportunities and take decisions under uncertainty.
Course Inputs
1. Theoretical Framework of Business Environment: Concept, significance and nature of
Business Environment; Elements of Business Environment- internal and external;
changing dimensions of Business Environment; Techniques of environmental scanning
and monitoring.
2. Economic Environment of Business: Significance and elements of economic
environment; Economic systems and business environment; Economic planning in
India; Government policies-Industrial Policy, Fiscal, Monetary Policy, EXIM policy;
Public Sector and Economic Development; Development Banks and relevance to
Indian business; Economic reforms, Liberalization and structural adjustment
programmes.
3. Political and Legal Environment of Business: Critical elements of political environment;
Government and business; changing dimensions of legal environment in India; MRTP
Act, FEMA and Licensing policy; Consumer Protection Act.
4. Socio-Cultural Environment: Critical elements of socio-cultural environment; Social
institutions and systems; Social values and attitudes; Social groups; Middle class;
Dualism in Indian society and problems of uneven income distribution; Emerging rural
sector in India; Indian business system; Social Responsibility of business;
Consumerism in India.
5. International and Technological Environment; Multinational corporations; Foreign
collaborations and Indian business; Non-resident Indian and corporate sector;
International economic institutions – WTO’ World Bank, IMF and their importance to
India; Foreign trade policies; Impact of Rupee Devaluation; Technological
environment in India; Policy on research and development; Patent Laws; Technology
transfer.

References
Adhikary, M: Economic Environment of Business, Sultan Chand & Sons, New, Delhi.
Ahluwalia, I.J: Industrial Growth in India, Oxford University Press, Delhi.
Alagh, Yoginder K: Indian Development Planning and Policy, Vikas Pub, N. Delhi
Aswathappa, K: Legal Environment of Business, Himalaya Publication, Delhi
 Optional Group – E
Paper –II: Financial Institutions and Markets

Objective
This course aims at providing students with an understanding of the structure, organization,
and working of financial markets and institutions in India.
Course Inputs
1. Introduction: Nature and role of financial system: Financial system and financial
markets; Financial system and economic development; Indian financial system-an
overview.
Financial Markets: Money and Capital Market: Money market –Meaning, constituents,
functions of money market; Money Market Instruments- call money, treasury bills,
certificate of deposits, commercial bills, trade bills etc; Recent trends in Indian money
market; Capital market-Primary and Secondary market; Depository system;
Government securities market; Role of SEBI- an overview; SEBI Guidelines, Recent
development.
2. Development Banks: Concept, Objectives and functions of development banks:
operational and promotional activities of development banks; IFCI, ICICI, IDBI, IRBI,
SIDBI, State Development Banks, State Financial Corporations.
3. Unit Trust of India: Objective, function and various schemes of UTI; Role of UTI in
industrial finance.
Mutual Funds: Concept, performance appraisal and regulation of Mutual Funds (with
special reference to SEBI guidelines); Designing and marketing of mutual funds
schemes; Latest mutual fund schemes in India-an overview.
4. Insurance Sector: Objectives, role, investment practices of LIC and GIC: Insurance
Regulatory and Development Authority-Role and Functions.
Non-Banking Financial Institutions: Concept and role of Non-Banking Financial Institution;
Sources of finance; Functions of Non-Banking Financial Institution; Investment policies
of Non-Banking Financial Institutions in India.
5. Merchant Banking: Concept, functions and growth; Government policy on Merchant
Banking Services; (SEBI guidelines) Future of Merchant Banking in India.
Foreign Investments: Types, trends and implications; Regulatory framework for Foreign
Investments in India.
Reference

Avdhani: Investment and Securities Markets in India, Himalayas Publications, Delhi.

Bhole, L.M. Financial Markets and Institutions, Tata McGraw Hill, Delhi.
Ghosh, D: Banking Policy in India, Allied Publications, Delhi.
Giddy, I.H. Global Financial Markets, A.I.T.B.S. Delhi.
Khan, M.Y: Indian Financial System, Tata McGraw Hill, Delhi.
Reserve Bank of India, Various Reports, RBI Publication, Mumbai.
Varshney, P.N.; Indian Financial System, Sultan Chand & Sons. New Delhi.
Averbach, Robert D: Money, Banking and Financial Markets; MacMillan, London.
Srivastava R.M; Management of India Financial Institution: Himalaya Publishing
House, Mumbai.
Verma JC. Guide to Mutual Funds and Investment Portfolio, Bharat Publishing House,
New Delhi.

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