AC –

Item No. –

As Per NEP 2020

University of Mumbai

Title of the program

A- P.G. Diploma in Advance Accountancy
B- M.Com. (Advance Accountancy) (Two Year) 2023-24

C- M.Com. (Advance Accountancy) (One Year) – 2027-28

Syllabus for
Semester – Sem- III
Ref: GR dated 16th May, 2023 for Credit Structure of PG
 University of Mumbai

(As per NEP 2020)

Sr. Heading Particulars

No
.
1 Title of program A P.G. Diploma in Advance Accountancy
O: _______________________A
O:_______________________ B B M.Com. (Advance Accountancy) (Two Year)
O:________________________C C M.Com. (Advance Accountancy) (One Year)
A Graduate in faculty from Commerce and
2 Eligibility Management ( B.Com, B.Com(B & I),
B.Com(A & F), B.Com (FM), BMS) from any
O: _____________A University recognised by UGC
B Graduate in faculty from Commerce and
O: _____________B Management ( B.Com, B.Com(B & I),
B.Com(A & F), B.Com (FM), BMS) from any
University recognised by UGC
C Graduate with 4 year UG Degree (Honours/
O: _____________C Honours with Research) with specialization
in concerned subject or equivalent
academic level 6.0
OR
Graduate with 4 year UG Degree Programme
with maximum credits required for award of
minor degree is allowed to take up the post
graduate programme in minor subject
provided the student has acquired the
required number of credit as prescribed by
the concerned Board of Studies
Duration of program A 1 Year
3 R: __________________ B 2 Year
C 1 Year

80
4 R: _________ Intake Capacity

5 R: ____________ Scheme of NEP

Examination 50% Internal
50% External, Semester End Examination
Individual Passing in Internal and External
Examination
6 Standards of Passing 40%
R: ______________

7 Credit Structure Attached herewith

R: ______________
A Sem.. I & II
8 Semesters
B Sem.. I, II III & IV
C Sem.. I & II
A 6.0
9 Program Academic Level
B 6.5

C 6.5

10 Pattern Semester
New
11 Status
A
12 To be implemented from Academic 2023-24
Year B
C 2027-28

Prof (Dr) Sangeeta N Pawar Dr. Kavita Laghate,

Professor and Head Dean,
Department of Commerce Commerce and Management
University of Mumbai University of Mumbai
 Preamble
1) Introduction
Advanced Cost and Management Accounting is a dynamic subject in the field of
accounting. This subject helps to identify the cost concepts and its impact on the
profitability of the business thereby making the process of managerial decision making
easy and quick.

2) Aims and Objectives

1. To enhance the abilities of learners to develop the concept of Cost and management
accounting and its significance in the business
2. To enable the learners to understand, develop and apply the techniques of costing in the
decision making in the business corporate
3. To enable the learners in understanding, developing, preparing and presenting the
financial report in the business corporate

3) Learning Outcomes

1. The students will be able to identify and analyse Cost concepts and understand
managerial decision making
2. The students will be able to understand standard practices associated with Standard
Costing and Variance analysis
3. The students will be able to prepare and present functional budgets at organizational
level
4. The students will be able to identify and analyse practices associated with Operating
costing

4) Any other point (if any)

________________
 5. Credit Structure of the program (Sem-I, II, III & IV) (Table as per Parishisht 1 with Sign of
HOD and Dean)
R: ____________________________

Post Graduate Programs in University Parishishta1

Year Level Sem Major RM OJT RP Cum. Degree

(2 Year (2 Year) /FP Cr.
PG) Mandatory* Electives
Any One
Sem I Advanced Cost Credits 4 22
I 6.0 and Management 4 I
Accounting Mutual Fund
ICredits 4 Management
and Wealth
Direct and Indirect Management
Taxation (Income OR
Tax)
Credits 4 Introduction to
IND AS
Advanced OR
Financial
Accounting Fundamental
Credits 4 Analysis for
Corporate
Advanced Trends
in Accounting - RM
ICredits 2

Sem II Advanced Cost Credits 4 22

Accounting 4
4 Credits Risk
Management
Corporate OR
Finance
4 Credits Liquidation
Accounting
Direct and Indirect OR
Taxation (Goods
and Services Tax) Accounting of
- 4 Credits Housing
Society &
Advanced Trends Charitable
in Accounting - II Trust
2 Credits
Cum. Cr. For PG Diploma
28 8 4 4 - 44
 Exit option: PG Diploma (44 Credits after Three Year UG Degree)

Sem Corporate Credits 4 22 PG

II 6.5 III Financial 4 Degree
Accounting Accounting and After 3-
4 Credits Taxation of Yr. UG
Ecommerce
Advanced Industries
Auditing OR
4 Credits
Accounting and
Financial Taxation of
Services Securities and
4 Credits Commodities
OR
Advanced
Trends in Operations
Accounting – Research
III 2 Credits
Advanced Credits 4 22
Sem Financial 6
IV Management Financial
4 Credits Journalism
OR
2. International
Financial Auditing and
Reporting Assurance
Standards (Accounting Ethics
4 Credits and Corporate
Governance)
3. Personal OR
Financial
Planning Forex (Foreign
4 Credits Exchange Rate
Management and
Derivatives
Cum. Cr. For 1 Yr PG 26 8 10 44
Degree

Cum. Cr. For 2 Yr PG 54 16 4 4 10 88

Degree

Note:- *The number of courses can vary for totaling 14 Credits for Major Mandatory Courses in a
semester as illustrated

Prof (Dr) Sangeeta N Pawar Dr. Kavita Laghate,

Professor and Head Dean,
Department of Commerce Commerce and Management
University of Mumbai University of Mumbai
Semester-III
 Mandatory 1
Programme Name: M. Com (Advanced Accountancy)
Course Name: Corporate Financial Accounting

Total Credits: 04 Total Marks: 100

University Assessment: 50 College Assessment: 50
___________________________________________________________________________________
Aims & Objectives:
1. To enable learners to comprehend and apply Indian Accounting Standards.
2. To evaluate Human Resource Accounting models.
3. To synthesize methods for the valuation of goodwill and shares, enhancing
their analytical and practical skills in financial reporting and valuation.

Course outcomes:
CO1. The learners will be able to identify and apply various Ind-AS in the
financial reporting systems.
CO2. The learners will be able to prepare and analyze statement showing
the total value of human capital.
CO3. The learners will be able to prepare and analyze statement illustrating
valuation of goodwill and shares under various situations of business.
MODULE I
Unit 1: Indian Accounting Standards
A) Introduction, Indian scenario prior to introduction of Ind AS in India
Limitations of Accounting Standard, Emergence of Global Standards,
Need and Benefit for Global Standards in India. Convergence v/s
Adoption of IFRS, Ind AS Statutory provisions and applicability to various
entities.
B) Specific Ind-AS: (Theoretical and Small case studies/ practical
illustrations for its applicability), Ind-AS19: Employee benefits, Ind-AS 32:
Financial Instrument Presentation, Ind-AS 33: Earning Per Share, Ind-AS
38: Intangible Assets, Ind-AS109: Financial Instruments, Ind-AS 113:
Fair Value Measurement.

Unit 2: Human Resource Accounting

A) Meaning of Human Resource Accounting. Necessity and Implications of
Human Resource Accounting. Models of HRA: Cost based Models and
Economic Value Models (Theoretical Aspects only)
B) Practical Valuation of Human resources using Lev and Schwartz Model
1971. Preparation of Statement showing the Total Value of Human
Capital under Lev and Schwartz Model 1971.
 MODULE II
Unit 3: Valuation of Goodwill
A) Meaning, Nature, Characteristics, Types and Factors affecting Goodwill.
B) Methods of Valuation of Goodwill: Average profit method, Super Profit Method,
Capitalization Method. (Theoretical and Advanced Practical Aspects)

Unit 4: Valuation of Shares

A) Purpose of Share Valuation, Factors Affecting Valuation of Shares
Approaches to Share Valuation: Income Approach, Net Assets Approach
and Market approach.
B) Income Approach: Discounted Cash Flow, Dividend Discount Model and
Maintainable Profit Basis (Theoretical and Practical) Net Assets Approach and
Asset Backing Approach (Theoretical and Practical) Market approach
(Theoretical and Practical) Preparation of Statement showing valuation of
shares.

Reference Books
 Introduction to Accountancy by T. S. Grewal, S. Chand and Company (P)
Ltd., New Delhi
 Advanced Accountancy by R. L Gupta and M Radhaswamy, S. Chand
and Company (P) Ltd., New Delhi
 Modern Accountancy by Mukherjee and Hanif, Tata Mc. Grow Hill & Co.
Ltd., Mumbai Financial Accounting by Lesile Chandwichk, Pentice Hall of
India Adin Bakley (P) Ltd.
 Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi-
Tech. Publishing Co. Ltd., Mumbai.
 Financial Accounting by P. C. Tulsian, Pearson Publications, New Delhi
Accounting Principles by Anthony, R.N. and Reece J.S., Richard Irwin Inc.
 Financial Accounting by Monga, J.R. Ahuja, Girish Ahuja and Shehgal
Ashok, Mayur Paper Back
 Compendium of Statement & Standard of Accounting, ICAI.
 Indian Accounting Standards, Ashish Bhattacharya, Tata Mc. Grow Hill &
Co. Ltd., Mumbai Financial Accounting by Williams , Tata Mc. Grow Hill & Co.
Ltd., Mumbai
 Company Accounting Standards by Shrinivasan Anand, Taxman.
 Financial Accounting by V. Rajasekaran, Pearson Publications, New Delhi.
 Introduction to Financial Accounting by Horngren, Pearson Publications.
 Financial Accounting by M. Mukherjee.M. Hanif. Tata McGraw Hill
Education Private Ltd; New Delhi
 Mandatory 2
Programme Name: M. Com (Advanced Accountancy)
Course Name: Advanced Auditing

Total Credits: 04 Total Marks: 100

University Assessment: 50 College Assessment: 50
_____________________________________________________________________________________

Aims & Objectives:

1. To acquaint learners with Standards on Auditing and its application in
financial reporting systems.
2. To develop the ability to plan and execute audits.
3. To develop an understanding of the types of audit evidence and how to
apply appropriate procedures to gather sufficient and reliable evidence.
4. To develop the ability to critically evaluate and interpret audit reports.

Course outcomes:
CO1. Learners will be able to apply auditing procedures to a simulated financial
statement audit, ensuring compliance with relevant Standards on
Auditing.
CO2. Learners will be able to prepare an audit working papers and conduct
variance analysis to a simulated financial statement.
CO3. Learners will be able to distinguish between different types of audit
evidence (physical, documentary, analytical) and explain the procedures
used to gather evidence for specific audit objectives, justifying the choice
of procedures based on the nature of the assertion being tested.
CO4. Learners will be able to identify, analyze an audit report and explain the
auditor's opinion on the financial statements, including the rationale for any
modifications made to the opinion.

MODULE I
Unit 1: Auditing Principles and Auditor’s Responsibilities
A) Standard on Auditing: Meaning and Introduction. Objectives and Checklist of
Auditor in accordance with SA 230. Objectives and Checklist of Auditor in
accordance with SA 240.Objectives and Checklist of Auditor in accordance
with SA 250.
B) Objectives and Checklist of Auditor in accordance with SA 260. (Use Case
Study method and Check list for teaching and evaluation)

Unit 2: Audit Planning, Strategy and Execution

A) SA 200 Commencing an Audit: Checklist. Factors influencing Audit Strategy
& Plan. Audit Working Papers: Meaning and Relevance.
B) Audit Working Paper on: Planning Scope of Engagement, Initial Audit
Check list, Note on understanding client business, key people, Variance
Analysis of Balance Sheet and Profit and loss statement.
(Note Practical Problems on Variance Analysis are to be included)

MODULE II
Unit 3: Audit Evidence
A) SA 500 and 501: Audit Evidence Considerations.SA 505: External
Communication. SA 510: Initial Audit Engagement: Checking Opening
Balances.
B) SA 530: Audit Sampling. SA 550: Related Party Transactions.
(Use Case Study method and Check list for teaching and evaluation)

Unit 4: Audit Report

A) Meaning, Elements and Types of Audit Report.
SA 700: Forming an Opinion and Reporting on Financial Statements &
Checklist. SA 701: Communicating Key Audit Matters in the
Independent Auditor’s Report. SA 705: Modifications to the Opinion in
the Independent Auditor’s Report. SA 706: Emphasis of Matter
Paragraphs and Other Matter Paragraphs in the Independent Auditor’s
Report.
B) Reading and Interpretation Extracts of Audit Report.
(Use Case Study method and Check list for teaching and evaluation)

Reference Books
 Guidance notes issued by Auditing and Assurance Standards Board and
The Institute of Chartered Accountants of India.
 Arens, A. A., & Loebbecke, J. P. (2023). Audit Theory and Practice.
Pearson Education Limited.
 Arens, A. A., Elder, R. J., & Beattie, M. S. (2022). Auditing and
Assurance Services. McGraw-Hill Education.
 Hodge, T. D., Weiss, E. S., & Arens, G. (2021). Auditing: A Business
RiskApproach. John Wiley & Sons.
 Louwers, T. J., Vance, C. J., Ricketts, W. M., & Libby, R. H. (2020).
Auditing:An Integrated Approach. McGraw-Hill Education.
 Carmichael, D. R., Green, C. W., & Sethuraman, K. R. (2019).
Professional Auditing. CCH Incorporated.
 Desai, M. A., & Sundar, V. (A conceptual framework for auditing theory).
Springer.
 Mittal, V. K. (Auditing process and techniques). Taxmann Publications
Pvt. Ltd.
 Gupta, R. K. (Auditing). Sultan Chand & Sons.
 Tulsian, P. C. (Auditing). Tulsian Publishers Pvt. Ltd.
 Katzenmeyer, J. L. (The language of audit assertions and evidence).
John Wiley & Sons.
 Mandatory 3
Programme Name: M. Com (Advanced Accountancy)
Course Name: Financial Services

Total Credits: 04 Total Marks: 100

University Assessment: 50 College Assessment: 50
_____________________________________________________________________________________
Aims & Objectives:
1. To introduce learners to the concept of financial services, with
critical evaluation of leasing service.
2. To familiarise learners with various attributes of factoring.
3. Learners understand the different types of alternative investment
funds and how they differ from traditional investment funds.
4. Learners understand and analyse the fundamental concepts of
portfolio management, including portfolio analysis and risk
management.

Course Outcomes:
CO1. The learners will be able to critically evaluate and interpret
financial attributes of leasing.
CO2. The learners will be able to calculate the effective costs of factoring.
CO3. The learners will be able to categorize and evaluate various
alternate investments funds.
CO4. The learners will be able to compare and contrast various
investment avenues considering its risk- return.

MODULE I
Unit 1: Financial Services: Leasing
A) Introduction to Financial Services: Meaning and Types Leasing : Meaning,
Types, Advantages and Disadvantages. Regulatory Aspects of Leasing.
Evaluation of Lease: From lessee’s and lessor’s perspective.

B) Lessee’s Perspective: Present Value Analysis, Internal Rate of

Return analysis, and Bower- Herringer Williamson Method. Lessor’s
perspective: : Net Present Value and Internal Rate of Return
Method. Calculation of Break Even Lease Rental.
Unit 2: Financial Services: Factoring
A) Introduction, Definition and Mechanism and Growth of factoring.
Regulatory Aspects of Factoring. Functions of factor.
B) Forms of Factoring: Recourse and Non – Recourse, Advanced nd Post
facto, Full, Disclosed and Undisclosed, Domestic and Cross Border.
Forfaiting: Meaning, Process and Difference between forfaiting and
export factoring. Calculation of net cost of factoring.

MODULE II
Unit 3: Alternative Investment Funds
A) Introduction, Evolution, Avenues, Distinguish between Traditional and
Alternative Investment Funds and Difference between Alpha and Beta.
Types: Venture Capital Fund, Angel Fund, Private Equity Fund, Special
Fund, Debt Fund, Infrastructure Fund, SME Fund, Hedge Fund and Social
Venture Fund. (Theoretical aspects only)

B) Calculation of Returns: Yield to Maturity, Multiple on Invested Capital, The

Kaplan-Schoar Public Market Equivalent (KS-PME) and Direct Alpha
Method.

Unit 4: Portfolio Management Services

A) Portfolio Management Services: Meaning, Advantages, Types,
Strategies: Active and Passive Strategies.Portfolio Analysis:
Traditional Vs Modern - Rationale of Diversification - Markowitz
Theory - Effect of Combining two securities.
B) Measurement of Expected Return of Portfolio - Portfolio Risk
(including Practical Problems).

Reference Books
 Reilly: Investment Analysis and Portfolio Management, Thomson
 Fisher Donald E & Ronald J Jordan: Securities Analysis & Portfolio
Management, PHI
 Francaia Jack Clark & Richard W Taylor: Theory & Problems of
Investment, Mcgra
 Punithavathi Pundyan: Securities Analysis & Portfolio Management,
Vikas
 Avadhani, V.A: Investment & Security Management in India, Himalaya
Gangadhar V: Investment Management, Anmole
 Sulochana M: Investment Management, Kalyani
 Strong: Practical Investment Management, Thomson
 Avadhani, V.A: International finance, Himalaya
 Mandatory 4
Programme Name: M. Com (Advanced Accountancy)
Course Name: Advanced Trends in Accounting-III

Total Credits: 02 Total Marks: 50

University Assessment: 25 College Assessment: 25
________________________________________________________
Aims & Objectives:
1. To acquaint learners with hands-on training under GST procedures
and compliances.
2. To provide hands- on – training and knowledge required for filing of
various returns under GST.

Course Outcomes:

CO1. The learners will be able to register and prepare various

documents required under GST law.
CO2. The learners will be able to file various GST returns.

MODULE I
Unit 1: GST Registrations and Its Components
A) Basic Procedures: GST Registration for various entities. (Theoretical
and Practical Aspects) Amendment of Registration. Cancellation of
Registration. Revocation of Cancellation of Registration GST
Tax Invoices and Debit & Credit Note: Meaning, Conditions, Format and
Preparation Procedure. (Theoretical and Practical Aspects)
B) Bill of Supply and E-Invoicing: Meaning, Conditions, Format and
Preparation Procedures.(Theoretical and Practical
Aspects) E- Way Bill: Meaning, Conditions, Format and
Preparation Procedures. (Theoretical and Practical Aspects)

Unit 2: GST Payment of Tax & Return Filing (Theoretical and Practical
Aspects)
A) Payment of Tax: Electronic Cash Ledger Electronic Credit Ledger Electronic
Liability Register Interest on delayed payment of tax Tax Deduction at Source
and Tax Collection at Source Deductors of Tax at Source.Categories of
persons not liable to deduct TDS. Monthly & annual statements by Electronic
Commerce Operator.
B) E-Filling Returns: Furnishing Details of Outward Supplies (GSTR-1)
Furnishing Details of Inward Supplies (GSTR-2A & GSTR-2B) Furnishing of
Returns Under Section 39 (GSTR-3B), Return For Composition Supplier
 (GSTR-4), Return for Non-Resident Taxable Person (GSTR-5) Return for TDS
(GSTR-7), Statement for TCS (GSTR-8), Annual Return (GSTR-9/9A & GSTR-
9B) Final Return (GSTR-10), Due Dates for Payment of Tax and Filling of
Returns Default/Delay in Furnishing Return (Theoretical Aspects only)

Note: Simulated Software/Specimen copies can be used to provide hands-on- training

to the learners.

References
 Comprehensive Guide to Goods and Services Tax (GST)
in India by Bangur & Bangur, 2023 Publisher: LexisNexis
 GST Law & Practice by R.K. Jain Taxmann Publications Ltd.2024
 GST Ready Reckoner by Taxmann Editorial Board Taxmann
Publications Ltd.2024
 The GST Handbook by PCS Tax Publications 2024
 GST Bare Act.

Web resources:
1. https://www.gst.gov.in/
2. https://tutorial.gst.gov.in/userguide/returns/Create_and_Submit_GS
TR3B.ht m
 Elective 1
Programme Name: M. Com (Advanced Accountancy)
Course Name: Accounting and Taxation for E-Commerce
Industries

Total Credits: 04 Total Marks: 100

University Assessment: 50 College Assessment: 50
______________________________________________________
Aims & Objectives:
1. To provide a comprehensive background to learners about the E-
commerce accounting landscape in the Indian Market.
2. To provide a detailed understanding of accounting dynamics and
revenue recognition principles of various elements of e-commerce
transactions.
3. To comprehend advanced knowledge in preparation of financial
statements of E-commerce industries.
4. To impart knowledge concerning regulatory and tax framework governing
E- commerce industries in India.

Course Outcomes:

CO1. The learners will be able to summarize and analyze the E-commerce
landscape in India.
CO2. Learners will be able to record and reconcile
digital transactions, understanding the nuances of different
payment methods.
CO3. Learners will be able to demonstrate the ability to prepare financial
statements for e-commerce businesses.
CO4. Learners will be able to identify and implement compliance
requirements for operating an e-commerce business in India.

MODULE I

Unit 1: : Introduction to E-Commerce in India

A) Overview of the Indian e-Commerce Landscape: Introduction, Meaning,

Definition of E-commerce, Advantages, Elements of E-commerce Transaction
and Challenges. Growth and trends in the Indian e-Commerce sector,
including major players and market dynamics.
B) Business Models: Principal to Principal, Principal to Agent, Aggregator,
Inventory Led Model, Open Market Place Model, Managed market Place
Model, Overview of Digital Payment Ecosystems: Introduction, Features,
Advantages and Disadvantages of the digital payment systems prevalent in
India, including UPI, Paytm, and other e-wallets, and their impact on e-
Commerce. RBI regulations on Digital Payment Ecosystems.

(Case studies on accounting model of E-commerce industries)

Unit 2: Accounting for Digital Transactions:
A) Record and reconciling digital transactions, understanding the nuances
of different payment methods.
B) Revenue Recognition in e-Commerce Transactions: The principles and
framework of revenue recognition specific to e-Commerce, Accounting for
Membership Fee, Merchandising, Auction, Shipping and Handling,
Advertisements and other services with practical examples and case studies.

MODULE II
Unit 3: Accounting of E – Commerce Business
A) Preparing profit and loss statements, balance sheets, and cash flow
statements for e-Commerce businesses.
B) Case Studies: Analyse case studies to interpret financial statements,
understand financial performance, and make strategic business decisions.

Unit 4: Regulatory and Tax Frameworks

A) Understanding GST and Other Taxes: Goods and Services Tax (GST) and other
taxes applicable to e-Commerce businesses in India, including their
calculation and implications.
B) Compliance Requirements for Online Businesses: The legal and regulatory
requirements for operating an e-Commerce business, focusing on compliance
and best practices.

Reference Books
 E-Commerce Accounting: A Practical Guide (Indian Edition)" by Bimal
Jain & P.C. Tulsian (2023)
 The Law and Practice of E-commerce Accounting in India" by S.P. Goyal (2022)
 Taxmann's E-commerce Accounting (with GST)" by Taxmann
Editorial Board (2021)
 E-commerce Accounting in India: A Comprehensive Guide" by Vikas Singh
(2020)
 Accounting for E-commerce Transactions (Ind AS)" by Institute
of Chartered Accountants of India (ICAI) (2019)
 E-commerce Accounting: Principles and Practices" by R.K. Goyal (2018)
 A Handbook on E-commerce Accounting" by Bangar & Bangar (2017)
 E-commerce Accounting Guidelines for India" by Ministry of
Commerce & Industry (Government of India) (2014)
 Elective 2
Programme Name: M. Com (Advanced Accountancy)
Course Name: Accounting and Taxation of Securities and
Commodities

Total Credits: 04 Total Marks: 100

University assessment: 50 College assessment: 50
___________________________________________________________________________________________________________
Aims & Objectives:
1. To provide a comprehensive overview of Indian securities markets.

2. To acquaint learners with the taxation dynamics of various instruments

traded in the Indian securities market.

3. To impart practical knowledge with respect to set off and carry forward of
losses with respect to capital gain.

Course Outcomes:
CO1. The learners will be able to distinguish, summarize, analyse the
various components of Indian securities market.
CO2. The learners will be able to calculate tax liability under various
circumstances of the given instruments traded in the Indian
securities market.
CO3. The learners will be able to determine the net tax liability of selected
instruments.

MODULE I
Unit 1: Introduction to Securities Markets and Securities.
A) Meaning and Features of Securities Market, Statutes and authorities
governing the securities market, Structure and Participants of securities
market.
B) Product and Features of Securities Markets: Shares, Debentures,
Derivatives, Government Securities, Employee Stock Option Plans, Masala
Bonds, Securities Premium notes, Debt Instruments with Debt Warrants,
Sovereign Gold Bonds and Equity Oriented Mutual Funds. Introduction to
various Investment Vehicles in Securities Market: Real Estate Investment
Trust, Infrastructure Investment Trust, Alternative Investments Funds,
Foreign Portfolio Investors.
 Unit 2: Taxation of Investment Products. (Theoretical & Practical
aspects)
A) Sources of Income and Debt Products. Interest Income and Computation
of Interest on bonds chargeable to the tax and Capital gain in the hands
of investor.
B) Taxation on dividend and capital gain from Mutual Fund.

MODULE II
Unit 3: Taxation of Investment Products (Theoretical & Practical aspects)
A) Taxation of Securities Tax on inter- corporate dividend.
B) Taxation on ULIP

Unit 4: Taxation of Investment Products (Theoretical & Practical

aspects)
A) Tax treatment of Global Depository Receipt Tax treatment of American
Depository Receipt
B) Set off and Carry Forward of Losses.

Reference Books
 Securities and Investment Management (with NSE & BSE)" by P.C.
Tulsian &S.P. Tulsian (2023)
 Taxation on Securities Transactions (Including Commodities Trading
and F&O Segment)" by Bangar's (2022)
 Securities Market & Investment Management (with NSE & BSE)" by
Vinod K. Khanna (2021)
 Taxation of Securities Transactions (Course Material)" by Institute
of Chartered Accountants of India (ICAI) (2020)
 Taxmann's Guide to Securities Transaction Tax (STT)
 Securities Regulation in India" by Y.C. Agarwala (2018)
 Securities and Investment Management" by B.B. Bhattacharya (2016)
 Elective 3
Programme Name: M. Com (Advanced Accountancy)
Course Name: Operations Research

Total Credits: 04 Total Marks: 100

University Assessment: 50 College Assessment: 50

Aims & Objectives:

A) To gain practical knowledge of statistical tests and its application.
B) To understand various aspects pertaining to sequencing and
design its solutions.
C) To understand and communicate various approaches to
replacement models in terms of human resources, machines and
building.
D) To evaluate and communicate various decisions based on decision
tools and techniques.

Course Outcomes:
CO1. The learner will be able to explain and apply statistical tests under
various scenarios.
CO2. The learner will be able to apply and interpret sequencing problems
and solutions.
CO3. The learner will be able to analyze real-world replacement problems
and recommend cost-effective solutions.
CO4. The learner will be able to proficiently use decision criteria and tools
and decision trees to make optimal decisions based on available
information.

MODULE I
Unit 1:
A) Definition and scope of operation research, Multidisciplinary nature of
operation research , Distinction between operation research and
operations management Applications of operation research in
various fields : Manufacturing(production planning, inventory
control, quality management), Logistics and transportation (vehicle
routing, network design, scheduling), Finance and economics (portfolio
optimization, risk management, decision analysis), Healthcare
(resource allocation, facility location, patient scheduling) and Energy
and environment (energy planning, emissions control, waste
management)
B) Phases of an operation research study: Problem formulation and
definition Data collection and analysis, Model development and
selection, Solution techniques and Validation and significance analysis
and Implementation & monitoring. Practical Illustrations on Tests of
Significance: Cronbach Alpha, Chi-Square, Paired T- Test, T – Test,
ANOVA , ANCOVA and Factor Analysis.

Unit 2: Job Sequencing

A) Introduction, Definition, Assumptions and Applicability of Job Sequencing
B) Types and Solution of Sequencing Problems: a) ‘n’ jobs are to be
processed on two machines say machine A and machine B in the order
AB. This means that the job is to be processed first on machine A and
then on machine B. (b) ‘n’ jobs are to be processed on three machines
A,B and C in the order ABC i.e. first on machine A, second on machine B
and third on machine C. (c) ‘n’ jobs are to be processed on ‘m’
machines in the given order.(d) Two jobs are to be processed on ‘m’
machines in the given order. ( Practical Illustrations)

MODULE II
Unit 3: Replacement Model

A) Introduction, Types of Failure: Gradual failure and (ii) Sudden failure,

Bathtub Curve, Cost associated with Maintenance and Types of
Replacement problems: Human Resource, Machines and Building.
B) Approaches to Replacement Model: Actual Cost of item, Direct costs of
labour involved in replacement. Practical problems: (a) Replacement of
Items whose Maintenance Cost Increases with Time and the Value of
Money Remains Same During the Period (b) Replacement of Items
whose Maintenance Costs Increases with Time and Value of Money
also Changes with Time (c) Replacement of Items whose Maintenance
Cost Increases with Time and Money Value also Changes and Group
Replacement of Items.

Unit 4 Decision Theory

A) Introduction, What is Decision, Decision and Conflict, Classification of
decision, Steps in Decision Theory Approach.
B) Practical Illustrations on: Decision making under Certainty, Decision
making under Risk, Decision making under Uncertainty, Criterion of
Optimism, Criterion of Pessimism, Criterion of Regret, Equal
Probability Criterion, Decision under conflict and competition, Hurwicz
Criterion and Decision Tree (Stochastic Decision Tree).
Reference Books
 Introduction to Operations Research by Frederick S. Hiller and
Gerald J. Lieberman (10th Edition)
 Operations Research: Applications and Algorithms by Wayne L. Winston
(4th Edition)
 Queuing Theory by J. Richard Jackson
 Introduction to Stochastic Programming by John R. Birge and Francois
Louveaux.
 Operations Research: P. Rama Murthy
 Statistics: The Art and Science of Learning from Data by Daryl
Pregibon (Fourth Edition)
 Statistical Rethinking: A Bayesian Course with Examples in R and
Stanby Richard McElreath
 The Elements of Statistical Learning by Trevor Hastie, Robert Tibshirani,
and Jerome Friedman.
 Paper Pattern for 4 Credits:

Sr No Nature of Bifurcation of Marks Total

Examination Marks
I Continuous
Evaluation
Sr No Examination Marks
1 Class Test 20 50
2 Project Presentation / Viva / 20
Assignment / Case Study
3 Active Attendance & 10
Participation
2 Semester End Question Paper Pattern Unit Marks
No
1 Solve ( 1 out of I 14
2) 50
2 Solve ( 1 out of II 12
2)
3 Solve ( 1 out of III 12
2)
4 Solve or Short IV 12
Notes ( 1 out 2 )
For Theory Subjects ,question per unit may be Sub
Divided into 4 marks each from sub modules
Total 100

Paper Pattern for 2 Credits:

Sr No Nature of Bifurcation of Marks Total

Examination Marks
I Continuous
Evaluation
Sr No Examination Marks
1 Class Test 10 25
2 Project Presentation / Viva / 10
Assignment / Case Study
3 Active Attendance & 05
Participation
2 Semester End Question Paper Pattern Unit Marks
No
1 Solve (1 out of I 13
2) 25
2 Solve ( 1 out of II 12
2)
For Theory Subjects ,question per unit may be Sub
Divided into 4 marks each from sub modules
Total 50
Paper Pattern (Total 50 Marks)

Internal = 25 Marks
External = 25 Marks

Internal Paper Pattern (25 Marks)

Q1. Project Presentation/ Case Study writing 05 Marks

Q2. Quiz/ Group discussion 05 Marks
Q3. Paper Presentation/ Seminar presentation 05 Marks
Q4. Class Test 10 Marks

Total 25 Marks

External Paper Pattern (25 Marks)

Q1. Case Study Analysis 05 Marks

Q2. Answer the following (Any One) 10 marks
A
Or
B
Q3. Answer the following (Any One) 10 Marks
A
Or
B

Total 25 Marks

24
 Paper Pattern (Total 100 Marks)

Internal = 50 Marks

External = 50 Marks

Internal Paper Pattern (50 Marks)

Q1. Project Presentation/ Case Study writing 10 Marks

Q2. Quiz/ Group discussion / Role Playing 10 Marks

Q3. Paper Presentation/ Seminar presentation 10 Marks

Q4. Class Test 20 Marks

Total 50 Marks

External Paper Pattern (50 Marks)

Q1. Case Study Analysis 10 Marks

Q2. Answer the following (Any One) 10 marks
A
Or
B
Q3. Answer the following (Any One) 10 Marks
A
Or
B
Q4. Answer the following (Any One) 10 marks
A
Or
B
Q5. Answer the following (Any One) 10 marks
A
Or
B

Total 50 Marks

25
Letter Grades and Grade Points:
Semester GPA/ Programme % of Marks Alpha-Sign/ Letter Grade
CGPA Semester/ Programme Result
9.00 - 10.00 90.0 - 100 O (Outstanding)
8.00 - < 9.00 80.0 - < 90.0 A+ (Excellent)
7.00 - < 8.00 70.0 - < 80.0 A (Very Good)
6.00 - < 7.00 60.0 - < 70.0 B+ (Good)
5.50 - < 6.00 55.0 - < 60.0 B (Above Average)

5.00 - < 5.50 50.0 - < 55.0 C (Average)

4.00 - < 5.00 40.0 - < 50.0 P (Pass)
Below 4.00 Below 40.0 F (Fail)
Ab (Absent) - Absent

Prof (Dr) Sangeeta N Pawar Dr. Kavita Laghate,

Professor and Head Dean,
Department of Commerce Commerce and Management
University of Mumbai University of Mumbai

26
 Appendix- B
Justification for M.Com (Advance Accountancy)

1. Necessity for starting the course:

NEP 2020

2. Whether the UGC has

Yes
recommended the course:
3. Whether all the courses have
Yes
commenced from the academic
year 2023-24
4. The courses started by the
Aided Courses,
University are self-financed,
Yes
whether adequate number of
eligible permanent faculties are
available?:
5. To give details regarding the
Two Years Course,
duration of the Course and is it
Each course has Separate
possible to compress the course?: Specialization the course cannot be
Compressed

6. The intake capacity of each course

Advance Accountancy 80
and no. of admissions given in the
current academic year:
7. Opportunities of Employability / Jobs in teaching field, Research
associates, Computer Analyst,
Employment available after
Accountants, Banking jobs.
undertaking these courses: Marketing Representatives, HR Staff,
Web Designer, Animator, Advertising
Personnel, Export, Business
Consultancy, Start UPS

Prof (Dr) Sangeeta N Pawar Dr. Kavita Laghate,

Professor and Head Dean,
Department of Commerce Commerce and Management
University of Mumbai University of Mumbai

27
28