Program: B.

Com(2024-2025) Semester: VI
Course: Corporate Accounting II Course Code:

Teaching Scheme Evaluation Scheme

Semester End
Lecture Practical Tutorial Credit Continuous Examinations (SEE)
(Hours per (Hours per (Hours Assessment (CA) (Marks- 75
week) week) per week) (Marks – 25) in Question Paper)
4 4 25 75
Learning Objectives:
• To interpret application of Accounting Treatment in case of Amalgamation and Foreign
Currency Transactions as per Accounting Standard 14 and 11 respectively.
• To demonstrate the accounting treatment in case of Independent Branch and Foreign Branches
• To learn Accounting of Provisions , Contingent Liabilities and Contingent Assets wrt AS 29
• To illustrate calculation of Earning Per Share wrt AS 20
• To study methods of valuation of goodwill and valuation of shares
Course Outcomes:
After completion of the course, learners would be able to:
CO1 : Identify Amalgamation in the nature of Purchase and Merger, calculate Purchase Consideration and
give necessary accounting treatment in the Books of Vendor Companies as well as Purchasing Company, in
case of Amalgamation in the nature of Purchase.
CO2 : Record Transactions of Foreign Currency in Reporting Currency and to translate Monetary Assets at
Closing Rate
CO3 : Prepare accounts of Independent Branches and foreign Branches.
CO4 : Evaluate Goodwill of the Business and Valuation of Shares , Earning per share wrt AS 20.
CO5 : Treat provisions, contingent assets , contingent liabilities in compliances with AS 29

Outline of Syllabus: (per session plan)

Module Description No of
Hours
1 Valuation of Goodwill and Shares 15
2 IND AS 115 Revenue from Contracts with Customers 15
3 Accounting and Reporting of Financial Instruments 15
4 Company Final Accounts as per Division II Schedule III -IND AS - Basic Format 15
TOTAL 60
Note : Lectures will be of one hour each.
Unit Topic No. of
Hours/
Credits
Module 1 Valuation of Goodwill and Shares 15

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 A) Valuation of Goodwill – Need, Components of Goodwill, General
Factors affecting the value of Goodwill, Methods for evaluating Goodwill
– Super Profit, Annuity Method, Capitalization Method
B) Valuation of Shares -Need, Methods of valuation – Net
Asset/Intrinsic Value Method, Yield Method (based on earnings and
Dividend)
Module 2 IND AS 115 Revenue from Contracts with Customers 15

Objectives Scope, Recognition, and Disclosure (Excluding Paras from 46 to

109 AA and Paras from 113 till end. That is Measurement, Contract Costs,
Presentation, Contracts with Customer, Significant judgements in the
application of this Standard Assets recognized from the costs to obtain or
fulfil a contract with a customer, Practical expedients)
Module 3 Accounting and Reporting of Financial Instruments 15

• Accounting and Reporting of Financial Instruments as per IND AS 32,

107, 109 Financial Instrument -Scope and Definition, Financial
Instrument Equity and Financial Liabilities
• Classification of Financial Assets and Financial Liabilities
• Recognition and De-Recognition of Financial Instruments
• (Excluding Derivatives)

Module 4 Company Final Accounts as per Division II Schedule III -IND AS - Basic 15
Format

To develop scientific temper and interest by exposure through industrial visits and study/educational tours is
recommended in each semester

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Program: B.Com(2024-25) Semester: VI
Course: Indirect Tax Course Code:
Teaching Scheme Evaluation Scheme
Tutorial Semester End
Lecture Practical (Hours Continuous
Examinations (SEE)
(Hours per (Hours per per week) Credit Assessment (CA)
(Marks- 75
week) week) (Marks - 25)
in Question Paper)
3 3 25 75
Learning Objectives:
To help students understand how the working concepts in Accountancy can be used in decision making.

To provide a link between accounting concept and real world problems through cases and examples

Course Outcomes:
After completion of the course, learners would be able to:
CO1: describe the elementary provisions of the GST law
CO2:demonstrate understanding of the application of reverse charge mechanism
CO3: Illustrate the eligibility requirements for composition scheme
CO4: Categorize input tax credit under major and minor heads
CO5: Determine the place of supply in general situations
CO6: Measure GST liability

Outline of Syllabus: (per session plan)

Module Description No of Hours

1 Introduction and definitions 10

2 Levy and Collection 10

3 Time, Place and Value of Supply 15

4 Input tax credit, payment of tax and Computation of liability 10

TOTAL 45

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10
Unit Topic No. of
Hours/ Credits

Module 1 Introduction and definitions 10

 What is GST
 Need for GST
 Dual GST Model
 Definitions
Section 2(17) Business
Section 2(13) Consideration
Section 2(45) Electronic Commerce Operator
Section 2(52) Goods
Section 2(56) India
Section2 (78) Non-taxable Supply
Section 2(84) Person
Section 2(90) Principal Supply
Section 2(93) Recipient
Section 2(98) Reverse charge
Section 2(102) Services
Section 2(105) Supplier
Section 2(107) Taxable Person
Section 2(108) Taxable Supply
 Goods & Services Tax Network (GSTN)
 GST Council

Registration
 Persons not liable registration
 Compulsory registration
 Procedure for registration
 Deemed registration
 Cancellation of registration

Module 2 Levy and Collection 10

 Scope of Supply
 Non-taxable Supplies
 Composite and Mixed Supplies
 Composition Levy
 Levy and Collection of tax
 Exemption from tax

Module 3 Time, Place and Value of Supply 15

 Time of Supply
 Place of Supply
 Value of Supply

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10
 Module 4 Input tax credit, payment of tax and Computation of liability 10

 Eligibility for taking Input Tax Credit

 Apportionment of credit and Blocked credits
 Input Tax Credit in Special Circumstances
 Computation of Tax Liability and payment of tax

To develop scientific temper and interest by exposure through industrial visits and study/educational tours is
recommended in each semester

Essential Reading:

Students' Guide to Income Tax Including GST by Dr. Vinod Singhania published by Taxmann.

GST Law by V. S. Datey published by Taxmann

Suggested Readings:

CGST Bare Act 2017

IGST Bare Act 2017

Latest Modules issued by ICAI

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Program: B.Com(2024-25) Semester: VI
Course: Cost Accounting - II Course Code:
Teaching Scheme Evaluation Scheme
Tutorial Semester End
Lecture Practical (Hours Continuous
Examinations (SEE)
(Hours per (Hours per per week) Credit Assessment (CA)
(Marks- 75
week) week) (Marks - 25)
in Question Paper)
4 4 25 75
Learning Objectives:
To help students understand how the working concepts in Accountancy can be used in decision making.

To provide a link between accounting concept and real world problems through cases and examples

Course Outcomes:
After completion of the course, learners would be able to:
CO1: Students will be able to identify the Cost per unit of output and cost of lost or spoiled units at the
end of each process.
CO2: Students would be able to identify the cost per contract and profit or loss per contract for both
completed contract and incomplete contract.
CO3: Students can identify profitability of a product with reference to their contribution margin.
CO4: Students will learn alternative technique of Cost Accounting. The system of performance
measurement and its control.

Outline of Syllabus: (per session plan)

Module Description No of Hours

1 Process Costing w.r.t CAS 19 15

2 Contract Costing (with Escalation clause) 15

3 Marginal Costing and standard costing 15

4 Operating Costing 15

TOTAL 60

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10
Unit Topic No. of
Hours/
Credits
Module 1 Process Costing w.r.t CAS 19 15

 Meaning, Features, Applicability & Necessity,

Advantages & Disadvantages
 (ii) Costing Procedure – Accounting of Process
Accounting
 (iii) Waste& Losses and its accounting
 (iv) Process Stocks – Entire output transferred to Stock
A/c & Output transferred to partly to Stock & partly to
next process
 (v) Part output sold.
Module 2 Contract Costing (with Escalation clause) 15

 Meaning & Features of Contract Costing

 Costing Procedure – Separate Contract Account, Cost of
Contract, Contract Price, Multi- Year Contracts, Work
Certified, Retention Money, Cash Received, Work
Uncertified, Notional Profit, Transfer to Profit & Loss
Account, Estimated Profits, Work-in-Progress
 Incomplete Contract – Estimated Contract, Many
Contracts, Many years & Profit on Incomplete Contract
 Contractee’s Account - Complete & Incomplete Contract
 Balance Sheets
 Escalation Clause – Meaning, Preparation of Contract
Account & Contractee’s Account with Escalation Clause.
Module 3 Marginal Costing and standard costing 15

(i) Techniques of Costing

(ii) Marginal Coting – Introduction, Definition, Aspects,
Characteristics, Assumptions
(iii) Marginal Costing Vs. Absorption Costing
(iv) Difference in Profit under Marginal and Absorption
Costing
(v) Marginal Cost – Definition & Marginal Unit
(vi) Determination of Marginal Cost-Computation & Procedure
(vii) Marginal Cost Equation
(viii) Contribution
(ix) Cost-Volume-Profit Analysis
(x) Profit Volume Ratio
(xi) Break-even Analysis – Break-even Point
(BEP), Margin of Safety, Break-even Chart, Profit-Volume
Graph & Importance of Break- Even Analysis in Management
Decisions
(xii) Evaluation/ Application – Advantages & Limitations of
Marginal Costing & its applications.
(xii) Standard Costing - Definition, Applicability, Purpose,
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10
 Need & Features
(xiii) Standard Cost – Definition
(xiv) Standard Cost Vs. Historical Cost & Standard Cost Vs.
Estimated Cost
(xv) Establishment of Standard Cost
(xvi) Types of Standards – Quantity Standards & Price
Standards & Other types of standards
(xvii) Standard Direct Material Cost – Standard Quantity of
Materials (SQ) & Standard Price of Materials (SP)
(xviii) Standard Direct Labour Cost – Standard Time,
Standard Hours (SH), Standard Rate of Wages
(xix) Standard Overheads (SO)
(xx) Material Variances – Material Cost Variance, Material
Usage Variance & Material Price Variance
(ix) Labour Variances – Labour Cost Variance (LCV), Labour
Efficiency Variance & Labour Rate Variance
Module 4 Operating Costing 15

 Meaning
 Characteristics
 Determination of Cost Unit – Simple Cost Unit &
Composite Cost Unit
 Operating Cost Sheet

To develop scientific temper and interest by exposure through industrial visits and study/educational tours is
recommended in each semester.

Suggested Readings

1. Padhuka’s Cost and Management Accounting- A Practical Guide byCA B

Saravana Prasath.

2 .Cost Accounting by P C Tulsian- the Mc Graw Hill Companies

3. Study Material for Cost and Management Accounting by issued by ICAI

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10
 1 Theories of international trade 12

2 Commercial Trade Policy 11

3 Balance of Payments 11

4 Foreign Exchange Market 11

Total 45
PRACTICALS -

DETAILED SYLLABUS

Module I: Theories of international trade 12

Introduction: Meaning and Features of international trade- Adam Smith’s theory
of absolute cost advantage, Ricardo’s theory of comparative differences in costs,
The Heckscher-Ohlin Theory of Factor Endowments, Terms of Trade – Types and
limitations (with numericals), Gains from trade, concept of reciprocal demand and
offer curve.
Module II: Commercial Trade Policy 11

Free Trade and Protectionist Trade Policy with advantages and disadvantages,
Tariff and Non-Tariff barriers: meaning, types and effects with reference to OPEC
and economic sanctions, International Economic Integration: meaning,
advantages and types of Economic integration (free trade areas, custom unions,
common markets and Economic Union) European Union, ASEAN,-RCEP.
Module III: Balance of Payments 11

Balance of Trade and Balance of Payment: meaning, difference and structure of

balance of Payments, autonomous and accommodating transactions in balance of
Payments, Types of disequilibrium in balance of Payments, causes of
disequilibrium in balance of Payments, measures to correct Deficit in balance of
payments: expenditure reducing, expenditure switching and direct measures,
 trends in India’s balance of Payments since 1991, WTO: Introduction, functions
and Trade Dispute Redressal Mechanism (case-studies)

Module IV: Foreign Exchange Market 11

Foreign Exchange Market and foreign exchange rate: meaning, functions,

determination of equilibrium rate of exchange, factors affecting exchange rate,
effects of changes in the exchange rate on the economy, fixed, flexible and
managed exchange rates, spot and forward exchange rates, Hedging, Speculation
and Arbitrage (with numerical problems), Purchasing Power Parity Theory-
absolute and relative versions, role of Central Bank in foreign exchange rate
management

Essential Readings:

• Dominick Salvatore (2013): “International Economics”, John Wiley & sons, Inc Singapore.

• A. Shapiro and P. Moles (2016), Indian adaption by Dr. Jayanta Kumar Seal, ‘International Financial
Management’, Wiley India Pvt. Ltd. New Delhi.
• M.L. Jhingan (2021) – International Economics – Vrinda Publication Pvt. Ltd –New Delhi.
• Economic Survey of India

Supplementary Readings:

• Dwivedi D N (2020) : “International Economics: Theory and Policy” Vikas Publishing House, New
Delhi.
• Gaurav Datt and Ashwini Mahajan (2023) ‘Indian Economy’ S. Chand Publisher New Delhi., 72nd
edition.
• Working papers by BIS and IMF.
 Evaluation Pattern

The performance of the learner will be evaluated in two components. The first component will be
a Continuous Assessment with a weightage of 25% of total marks per course. The second
component will be a Semester end Examination with a weightage of 75% of the total marks per
course. The allocation of marks for the Continuous Assessment and Semester end Examinations
is as shown below:
a) Details of Continuous Assessment (CA)
25% of the total marks per course:
Continuous Assessment Details Marks
Component 1 (CA-1) Class Test/Assignment/ Presentation 15 marks
Component 2 (CA-2) Class Test 10 marks

b) Details of Semester End Examination

75% of the total marks per course. Duration of examination will be two and half hours.

Question Description Marks Total Marks

Number

Q1. Short Essay Type Any two out of 8x2 16

Three (Module I)
Q2. Short Essay Type Any two out of 8x2 16
Three (Module II)
Q3. Short Essay Type Any two out of 8x2 16
Three (Module III)
Q4. Short Essay Type Any two out of 8x2 16
Three (Module IV)
Q5. Case Study (a caselet with 2 2.5 x 2 5
A questions)
Q5. Reasoning based questions 3x2 6
B
Total Marks 75

Signature Signature Signature

HOD Approved by Vice –Principal Approved by Principal

(Ms. Bidisha Sarkar) (Dr. Anjali Patkar) (Dr. Krutika Desai)
 Unit Topic No. of
Hours/Credits

Module 1 MS-Excel II 10
a) Multiple Spreadsheets
i) Creating and using templates, using predefined templates, Adding
protection option.
ii) Creating and Linking Multiple Spreadsheets.
iii)Using formulas and logical operators.
iv) Creating and using named ranges.
v) Creating Formulas that use reference to cells in different worksheets.
b) Functions
i) Database Functions LOOKUP, VLOOKUP, HLOOKUP
ii) Conditional Logic functions IF, Nested IF, COUNTIF, SUMIF,
AVERAGEIF
iii)String functions LEFT, RIGHT, MID, LEN, UPPER, LOWER, PROPER,
TRIM, FIXED
Module 2 MS-Excel III 10
a) Functions
i) Date functions TODAY, NOW, DATE, TIME, DAY, MONTH, YEAR,
WEEKDAY, DAYS360
Statistical Functions: COUNTA, COUNTBLANK, CORREL, LARGE,
SMALL
b) Data Analysis
ii) Filter with customized condition.
iii)The Graphical representation of data Column, Line, Pie and Bar charts.
iv) Using Scenarios, creating and managing a scenario.
v) Using Goal Seek
vi) Using Solver
vii) Understanding Macros, Creating, Recording and Running Simple
Macros. Editing a Macro (concept only)
Module 3 Visual Basic 10
a) Introduction to Visual Basic, Introduction Graphical User Interface (GUI).
Programming Language (Procedural, Object Oriented, Event Driven),
Writing VB Projects. The Visual Basic Environment
b) Introduction to VB Controls
Text boxes, Frames, Check boxes, Option button, Designing the User
Interface, Default & Cancel property, tab order, Coding for controls using
Text, Caption, Value property and Set Focus method
c) Variables, Constants, and Calculations
Variable and Constant, Data Type (String, Integer, Currency, Single,
Double, Date), Naming rules/conventions, Constants (Named & Intrinsic),
Declaring variables, Val Function, Arithmetic Operations, Formatting Data.
d) Decision and Condition

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 Condition, Comparing numeric variables and constants, Comparing Strings,
Comparing Text Property of text box, Compound Conditions (And, Or,
Not). If Statement, if then-else Statement, LCase and Ucase function, Using
If statements with Option Buttons & Check Boxes. Msgbox (Message box)
statement Input Validation: Is Numeric function.
e) Sub-procedures and Sub-functions, Using common dialog box, creating a
new sub–procedure, writing a Function procedure.
Simple loops using For Next statements and Do while statement and
display output using MsgBox Statement.

(I) Each lecture shall be of 60 minutes duration.

(II) Total number lectures: 30 lectures.
(III) Each Practical shall be of (60 × 2) = 120 minutes duration.
One practical per week per batch shall be conducted.
Each batch shall consist of 25students.

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To develop scientific temper and interest by exposure through industrial visits and
study/educational tours is recommended in each semester

Practical Credit
(Hours per week)
2 1
Suggested Practicals:

1 Calculation of DA, HRA, PF, Gross Salary and Net Salary using MS-Excel.
2 Calculation of Income Tax using MS-Excel.
3 Filtering data and Graphical representation of data using MS-Excel.
4 Using VLOOKUP and HLOOKUP using MS-Excel.
5 Creating and managing a scenario using MS-Excel.
6 Use of Goal Seek and Solver using MS-Excel.
7 Write a project in VB to design simple forms
8 Write a project in VB to design a suitable form using if-else statements
9 Write a project in VB to design a suitable form using Loops

Essential Readings:

1. Excel-Missing Manual, Mathew McDonald, O’Reilly Press

2. Excel 2010 Bible – John Walkenbach, Wiley
3. The Complete Reference to Visual Basic 6 - Noel Jerke, McGraw-Hill/Osborne

Reference Books:

1. Microsoft Excel 2010 Comprehensive – Shelly, Quasney, Jones

2. Programming in VB 6.0 - Julia case Bradley, Anita C. Milspaugh, McGraw-Hill
3. Visual Basic 6 Programming Black Book - Steven Holzner, Dreamtech Press.
4. Advanced Excel Essentials, Jordan Goldmeir, APress
Microsoft Excel 2010: Data Analysis and Business Modeling – Wayne L Winston,

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