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St. Joseph’s College of Commerce (Autonomous)

163, Brigade Road, Bangalore – 560 025

Accredited and Re-Accredited with ‘A’ Grade by the National Assessment and Accreditation Council (NAAC)

Recognized by the UGC as

College with Potential for Excellence

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Bachelor of Commerce

Semester III & IV

Syllabus w.e.f., 2013 – 2014

Academic year 2015 – 2016

. Joseph’s College of Commerce

An Autonomous Institution affiliated to Bangalore University

A Minority Jesuit Institution for University Studies in

Travel & Tourism/BBM/ MIB

Dedicated to Excellence with Relevance

St. Joseph’s College, Bangalore was established in 1882 by the French Missionary Fathers for the purpose of imparting higher education. In 1937, the management of the College was handed over to the Jesuits, a worldwide Religious order going by the name ‘Society of Jesus’. The college and its sister institutions are now managed by the Bangalore Jesuit Educational Society (Regd). A department of Commerce was established in the College in 1949. In 1972, this department became an independent college by the name St Josephs College of Commerce.

Since its inception as an independent institution, the College has shown growth and progress in academics, co-curricular and extra – curricular activities. Besides, there has been a constant effort made by the College to acquire excellence in every aspect of good education. Currently it stands accredited to the National Assessment and Accreditation Council (NAAC) with an ‘A’ grade. . In February 2010, the College was recognised by the UGC as a “College with Potential for Excellence”.

The College aims at the integral formation of its students, helping them to become men and women for others. Though it is a Christian minority institution, the college has been imparting liberal education to the students of all denominations without any discrimination. St. Joseph’s College of Commerce is affiliated to Bangalore University and became autonomous in September 2005. The motto of the college is Fide et Labore or ‘Faith and Toil’ and the college attempts to inculcate the motto in every student through its various courses and programmes.

The College is committed to providing quality education to its students. It offers Bachelor of Commerce and Bachelor of Business Administration, a three year Degree under graduate programme, and Master of Commerce and Master of International Business, a two year Post Graduate programme. Highly qualified staff members, excellent infrastructure of the college like spacious classrooms, good library and computer lab facilities helps to promote academic excellence.

GOALS OF THE COURSE

1. To provide conceptual knowledge and application skills in the domain of Commerce studies.

2. To provide knowledge and skills in almost all areas of business to be able to meet expectations of business and to handle basic business tasks, thus equipping a student to take up entry – level jobs in different sectors of commerce, trade and industry.

3. To sharpen the students’ analytical and decision making skills.

4. To provide a good foundation to students who plan to pursue professional courses like CA, ICWAI, ACS, CFA and MBA.

5. To facilitate students to acquire skills and abilities to become competent and competitive in order to be assured of good careers and job placements.

6. To develop entrepreneurship abilities and managerial skills in students so as to enable them to establish and manage their own business establishments effectively.

7. To develop ethical Business professionals with a broad understanding of Business from an interdisciplinary perspective

I. Eligibility for Admission :

Candidates who have completed Two year Pre – University course of Karnataka State or its equivalent are eligible for admission into this course.

II. DURATION OF THE COURSE:

The course of study is 3 years of Six Semester. A candidate shall complete his/her degree within six (6) academic years from the date of his/her admission to the first semester.

III. MEDIUM OF INSTRUCTION

The medium of instruction shall be English.

IV. ATTENDANCE:

a. A student shall be considered to have satisfied the requirement of attendance for the semester, if he/she has attended not less than 75% in aggregate of the number of working periods in each of the subjects compulsorily.

b. A student who fails to complete the course in the manner stated above shall not be permitted to take the end semester examination.

COURSE STRUCTURE (for III & IV Semester) & SEMESTER SCHEME OF EXAMINATION - Refer page no 7 – 8

V. TEACHING AND EVALUATION:

MBA/MFA/MBS graduates with , B.B.M & BBS as basic degree from a recognized university are only eligible to teach and to evaluate the subjects including part – B subjects of III and IV semesters (except languages, compulsory additional subjects and core Information Technology related subjects). Languages and additional subjects shall be taught by the graduates as recognized by the respective Board of Studies.

VIII.CONTINUOUS INTERNAL ASSESSMENT AND SUBMISSION:

CONTINUOUS INTERNAL ASSESSMENT (CIA):

Internal assessment for each course is continuous, and dates for each test are notified well in advance. The HOD of each department coordinates the Internal Assessment procedure. The Continuous Internal Assessment test commences after 3 weeks from the start of the semester. All answer scripts of CIA are returned to the students. CIA consists of the following:

|Sl. No |Internal Assessment for 50 Marks |Weightage |

|1. |Unit Test/Snap Test/ Surprise Test/Quiz |10 marks |

|2. |Assignment/Presentation/Project/Research article/Seminar* |10 marks |

|3. |Written Test: |30 marks |

| |There is one mid-term test of 90 minutes each per semester. | |

Note: The student has to appear for all the components of the Continuous Internal Assessment.

*For sports students 10 marks of the C.I.A. will be evaluated by the Director of sports.

Each Teaching faculty is required to maintain a record of the Continuous Internal Assessment marks and make entries of the same in the ERP software.

IX. END SEMESTER EXAMINATION:

The End Semester Examination will be conducted at the end of each semester. The duration and maximum marks for the End Semester Examination is 3 hours and for 100 marks. At the time of publishing the results the weight age will be out of a maximum of 50 marks.

X. MINIMUM FOR A PASS: Candidates who have obtained at least 40% of marks in each subject shall be eligible for a pass or exemption in that subject.

XI. CLASSIFICATION OF SUCCESSFUL CANDIDATES:

GRADING SYSTEM

The modalities and operational details of the Grading/ credit system are as follows.

1. Papers are marked in the conventional way for 100 marks.

2. The Percentage obtained by a student is multiplied by the standard grade to obtain the Product.

3. The Total of the Products of all the subjects is divided by the total of all the Credits. This gives the average grade point.

4. For the sake of more common understanding the weighted average is then converted into grades as follows:

THE GRADE CHART

|Percentage |Grade |Grade |Interpretation |Nomenclature |

| | |Points | | |

|80 & above |O |6 |Distinction |First Class with Distinction |

|70 – 79 |A+ |5 |Excellent |First Class |

|60 – 69 |A |4 |Good |First Class |

|50 – 59 |B |3 |Average |Second Class |

|40 – 49 |C |2 |Satisfactory |Pass Class |

|Below 40 |RA |0 |To Re-Appear | |

Total Points = Credits x Grade obtained.

CGPA = Total Grade Points ÷ Total Credits.

The Minimum CGPA to qualify for the . degree is 2.00 and a pass in all subjects.

XII. PATTERN OF QUESTION PAPER:

Question Paper Pattern: (3 Hours duration, Max. Marks: 100)

|Section-A |Conceptual /Multiple Choice /Objective Type |2 marks X10 questions |20 Marks |

|Section -B |Analytical Questions |5marksX 4 questions |20 Marks |

|Section -C |Essay Questions |15 marks x 3 questions |45 Marks |

|Section-D |Compulsory question/Case study | | |

| | |15 x 1 question |15 Marks |

| | | | |

| | |Total |100 Marks |

XIII REVALUATION, RETOTALING and IMPROVEMENT

There is provision for Revaluation, Re-totaling and Improvement within two weeks of the publication of the results.

Revaluation: Only a student who has scored a minimum of 25% marks in the ESE is eligible to apply for revaluation. The application has to be submitted to the office of the COE within 2 weeks of the publication of the semester results. Fifty percent of the fee will be refunded to the candidate if the candidate on revaluation obtains fifteen or more marks than what was scored in the previous exam. If the student scores more than twenty additional marks on revaluation, the entire fee will be returned. An External Examiner who was not part of the Board of Examiners for the regular valuation will value such papers. After revaluation, the higher of the two marks shall be awarded to the student.

Re Totaling: There is also provision for re-totaling of marks if the application is made within 2 weeks of the publication of results with the prescribed fee.

Provision for Improvement: A candidate, who desires to improve his /her End Semester Examination marks, has to first withdraw his/her original End Semester Examination marks. The student will be awarded whatever marks he/she obtains in the later appearance even if they are less than the marks awarded previously.

COURSE STRUCTURE (III & IV Semester)

SEMESTER SCHEME OF EXAMINATION

CORE SUBJECTS

SEMESTER – III

|Subject Code |Title of the Paper |Lecture |Marks |Total Marks |Grade/ Credits |

| | |Hrs per week | | | |

| | | |CIA |ESE | | |

|C1 12 301 |Advanced Accounting – II |05 |50 |50 |100 |05 |

|C1 12 302 |Cost and Management Accounting – I |05 |50 |50 |100 |05 |

|C1 11 303 |Financial Management |04 |50 |50 |100 |04 |

|C1 11 304 |Marketing Management |04 |50 |50 |100 |04 |

| | | | | | | |

| |Total |18 |200 |200 |400 |18 |

SEMESTER – IV

|Subject |Title of the Paper |Lecture |Marks |Total Marks |Grade/ Credits |

|Code | |Hrs per week | | | |

| | | |CIA |ESE | | |

|C1 12 401 |Cost and Management Accounting – II |05 |50 |50 |100 |05 |

|C1 11 402 |Business Statistics & Research Techniques|05 |50 |50 |100 |05 |

|C1 12 403 |Theory & Practice of Banking |04 |50 |50 |100 |04 |

|C1 11 404 |Financial Markets & Services |04 |50 |50 |100 |04 |

| |Total |18 |200 |200 |400 |18 |

CIA – Continuous Internal Assessment ESE – End Semester Exam

. COURSE STRUCTURE

SEMESTER SCHEME OF EXAMINATION

LANGUAGES

|Sem No |Subject Code |Title of the Paper |Lecture Hrs per|MARKS |Total Marks |Grade/ Credits|

| | | |week | | | |

| | | | |CIA |

|IV |C1 11 4ES |Environmental |01 |01 |

| | |Studies | | |

SEMESTER – III

C1 12 301: ADVANCED ACCOUNTING – II

Objectives:

To acquire adequate knowledge for the preparation and presentation of Financial Statements. To give comprehensive understanding of all aspects relating to corporate situations/requirements.

Module 1: Redemption of preference shares, Redemption of Debentures and Buyback of shares 12 Hrs

Meaning – Legal provisions as per section 80 of the Companies Act – Treatment regarding premium and discount on redemption(Section 78 and 79 of the Companies Act – Creation of Capital Redemption Reserve Account (CRR) – Fresh issue shares – Arranging for cash balance for the purpose of redemption(Use of Equation for finding out minimum or sufficient number of shares to be issued to the public at the time of redemption of preference shares)– Minimum number of shares to be issued for redemption – Issue of bonus shares by using CRR account.

Buy- Back of shares (Section-77A of Companies Act)- Journal entries and Accounting treatment.

Redemption of debentures— redemption by purchase of debentures in the open market - profit or loss on debentures purchased, cum-int and ex-int purchase, purchase of debentures for cancellation, purchase of debentures as an investment.

-Redemption by conversion - conversion before redemption due date, conversion when due date for redemption.

Module 2: Amalgamation 18 Hrs

Adopting as per IFRS (detailed explanation as per IFRS) – Calculation of Purchase Consideration – Journal Entries and Ledger Accounts in the Books of the Vendor Company – Incorporating Entries in the books of the New Company – Amalgamation by Merger & Amalgamation by Purchase – Finding out Goodwill or Capital Reserve – Treatment of Inter-Company Debts –Inter company Owings and unrealised profits- Inter company holdings, dissenting share holders-Discharge of Debentures –Intrinsic value of Shares – Issue of shares by the new company to raise further capital - Debenture holders to get same amount of interest in spite of change in rate of interest – Preparation of Balance Sheet.

Module 3: Absorption 11 Hrs

Adopting IFRS (detailed explanation as per IFRS) – Purchase Consideration under Net Payment and Net Asset Method – Treatment of Dissolution Expenses met by Purchasing Company – Assets and Liabilities not taken over – Dissenting shareholders – Fractional shares – Sale of shares received as purchase consideration - Intrinsic Value of Shares – Journal Entries – Ledger Accounts in the Books of the Vendor company – Incorporation Entries –Preparation of Balance Sheet after Absorption.

Module 4: External Reconstruction 10 Hrs

Calculation of Purchase Consideration under Net Payment and Net Asset Method – Journal Entries – Preparation of Ledger in the books of the Vendor and Preparation of Balance Sheet after Reconstruction, incorporating all the concepts mentioned in Absorption.

Module 5: Internal Reconstruction or Capital Reduction 12Hrs

Meaning – Objective – Procedure – Form of Reduction – Reorganization through surrender of shares – Subdivision and consolidation of shares – Materialization of contingent liability – Accounting arrangements – Journal Entries – Balance Sheet after Reconstruction.

Module 6: Consolidated Financial Statements (IFRS 10) 12 Hrs

Accounting requirements -Consolidation procedures (preparation of Consolidated balance sheet and Profit and loss account); Definition of Uniform accounting policies, Measurement; Potential voting rights; Reporting date; Non-controlling interests; Loss of control

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. Make a study of one case of mergers or acquisitions. State the reasons why the firms decided to do so. What benefits were derived by both the companies?

2. List any 5 cases of amalgamation/absorption of Joint Stock Companies with a brief description of each case.

3. Preparation of Liquidator’s final statement of accounts with imaginary figures assuming yourself as a liquidator.

4. Take up the study of at least one Company that has been liquidated. What are the reasons for the liquidation? How was the process carried out and to what extent did creditors & shareholders suffer losses?

5. Make a study of at least one sick company. Reasons for its sickness, and steps taken by it through internal reconstruction to revive the Company.

6. Arrange a Mock court to discuss the need for internal reconstruction.

7. Prepare a SWOT analysis of a Company.

Books for Reference:

❖ Grewal& Gupta: Advanced Accounting, S. Chand & Co, New Delhi.

❖ Jain &Narang: Financial Accounting, Kalyani, Delhi.

❖ P. C. Tulasian: Pearson Editions, Introduction to Accounting.

❖ Radhaswamy& R. L. Gupta: Advanced Accounting, S. Chand & Co, New Delhi.

❖ S. Kr. Paul: Advanced Accounting, New Central Book Agency, Calcutta.

SEMESTER III

C1 12 302: COST AND MANAGEMENT ACCOUNTING – I

Objectives:

To familiarize students with the basic cost concepts required for effective decision making in firms.

Module 1 – Basic Concepts 5 hrs

Meaning – Cost accounting – Cost accountancy – Costing – Cost accounting and management – Objectives of Cost Accounting – Cost accounting v/s Financial Accounting – Cost Accounting v/s Management Accounting – Advantages of cost accounting – Methods of costing – Techniques (types) of costing –– Cost centres(Meaning and purpose) – Cost units(Meaning and importance) – Cost accounting departments–Brief note on Cost Audit Records and Report Rules.

Module 2 – Cost Concepts and Classification 12 hrs

Cost – Expenses – Losses – Classification of costs – Natural classification of costs – Cost behaviour (in relation to changes in output or activity or volume – Degree of traceability to the product – Association with the product – Functional classification of costs – Costs of control other costs – Cost statement or cost sheet – Tender and quotation - Job and Batch Costing.

Module 3 – Material Control and Material Costing 10 hrs

Materials – Concepts and objectives of material control – Organization for material control – Purchasing and receiving procedure – Some issues in materials procurement – stores organization – Inventory system – Inventory shortages (losses) and overages – Inventory control. Calculations of Stock levels and EOQ with or without discount.

Costing material received – Costing material issues (FIFO, LIFO, simple and weighted average method only) – Pricing of materials returned to vendor – Pricing of materials returned to storeroom – Selection of a material pricing method.

Module 4 – Labour Costs : Accounting and Control 10 hrs

Introduction – Direct labour and Indirect labour – Organization for labour control – Wage systems – Incentives wage plans – Work study – Job evaluation and merit rating – Time and motion study – Labour turnover – Treatment of labour cost related items – Methods of remunerating labour – Time and piece rate system – Halsey and Rowan premium systems – Taylor and Merrick’s differential piece rate system.

Module 5 – Overhead Distribution 15 hrs

Concept – Classification of overheads – Factory overhead - Fixed – Semi variable and variable – Factory overheads - Accounting and distribution – Collection and codification of factory overheads – Allocation and apportionment of factory overheads – Apportionment of service departments overheads to producing departments (repeated and simultaneous equation method) – Absorption of factory overhead (Machine hour rate) – Selecting an absorption rate.

Module 6 – Contract Costing and Operating Costing 15 hrs

Definition and meaning – Job costing and Contract costing : Distinction – Accounting procedure in contract costing as per IFRS-surveyor’s certificate and retention money , work-in-progress – Costing of running contracts – Costing of Contracts nearing completion – Cost plus Contracts-principles guiding cost plus contracts, bid costing and cost plus contract costing – fixed price contract with escalation clause – Operating Costing (transport only).

Module 7 – Reconciliation of Cost and Financial Accounts 8 hrs

Need for reconciliation – Reasons for differences in profits – Problems on preparation of Reconciliation statement and Memorandum reconciliation accounts.

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. List methods of costing adopted by industries located in the region.

2. List materials consumed in any two organizations of your choice.

3. Collection of different formats – materials requisition – purchase requisition-bin card-stores ledger.

4. Preparation of wage sheet / pay roll with imaginary figures.

5. List out the various expenses of two companies and prepare the cost sheet.

Books for Reference:

❖ Colin Drury: Management and Cost Accounting.

❖ Nigam: Theory and Techniques of Cost Accounting.

❖ S. P. Jain & K L Narang: Cost and Management Accounting.

❖ Dr. S. N. Maheshwari: Cost Accounting.

❖ JawaharLal: Cost Accounting.

❖ M. N. Arora: Cost Accounting

SEMESTER – III

C1 11 303: FINANCIAL MANAGEMENT

Objective:

To give insight into investment, financing and dividend decision making and composition of different securities in the total capital structure.

Module 1: Financial Management 8Hrs

Finance function- aims of finance function

Module 2: Cost of Capital 10 Hrs

Meaning – Computation of Cost of Capital – Cost of Equity – Preference – Debt – Cost of Retained Earnings – Weighted Average Cost of Capital.

Module 3: Financing Decisions 10 Hrs

Meaning of Capital Structure – Optimum Capital Structure – Factors determining Capital structure – Leverages: Operating leverage – Financial leverage and Combined leverage-Problems.

Module 4: Investment Decisions 20 Hrs

Capital Budgeting – Meaning – Significance – Capital Budgeting process – Payback period – ARR – Net Present Value Method – IRR Method – Profitability Index and Capital Rationing – Concepts only.

Module – 5: Dividend Decisions 5 Hrs

Meaning – Types of dividend policies – Factors influencing dividend policy – Forms of dividends.

Dividend Relevance Theory- Walter’s model and Gordon’s model, Dividend

Irrelevance Theory -Modigliani Miller model

Module 6: Liquidity Decision 15 Hrs

Working capital: Meaning – Concepts of working capital – Factors influencing Working Capital requirement – Components of working capital – Profitability/Liquidity trade off.

Cash Management: Meaning – Importance – Factors affecting cash balances – Motives of holding cash – Objectives of cash management – Problems and means of cash management. (concepts only)

Receivables Management: Meaning – Purpose – Determinants – Tools for receivables management – Ageing schedule. (concepts only)

Inventory Management: Meaning and Importance – Cost of holding inventory – Tools – EOQ – Fixing different inventory levels – ABC analysis – FSN – VED – JIT – Periodic inventory valuation – Perpetual inventory valuation (concepts only)

Module 7: Financial Planning 7 Hrs

Financial Planning – Objectives and Principles of Sound Financial Planning – Long Term and Short Term Financial Plan – Factors Affecting Financial Planning.

Skill Development:

(These activities are only indicative, the faculty member can innovate)

1. Identify the decision areas in which a financial manager has a role to play

2. Prepare a Capital Budget for your new Business

3. Evaluate the NPV of an investment made in any one of the capital projects with imaginary figures for 5 years

4. Prepare an aging schedule of debtors with imaginary figures

5. Capital structure analysis of companies in different industries

6. Study of dividend policy practices of certain companies in India.

Books for Reference:

❖ I. M. Pandey: Financial Management, Vikas Publishers, New Delhi.

❖ James C. Vanhorne: Financial Management.

❖ Khan & Jain: Financial Management, Tata Mcgraw Hill, New Delhi.

❖ P. N. Reddy & Appanaiah: Financial Management, Himalaya Publishers, Bombay.

❖ Prasanna Chandra: Financial Management, Tata McGraw Hill, New Delhi.

❖ S. N. Dorai Raj: Financial Management, Kalyani Publishers, New Delhi.

❖ S. N. Maheswari: Financial Management, Sulchand & Co., New Delhi.

❖ Sharma & Sashi Gupta: Financial Management.

SEMESTER – III

C1 11 304: MARKETING MANAGEMENT

Objective:

To help to understand various concepts in marketing, to make students to apply conceptual skills in Marketing Decision and to expose students to the latest trends in Marketing.

Module – 1: Introduction to Marketing 8 Hrs

Definition – Nature – Scope – Importance – Concepts – Functions – Micro and Macro environment – Meaning and difference – Marketing Management – Meaning & functions.

Module – 2: Market Segmentation, Targeting & Positioning 8 Hrs

Marketing Mix (elements) Basis – Perquisites for sound segmentation – Target marketing strategies – Product positioning, meaning and steps involved.

Module – 3: Consumer Behaviour 8 Hrs

Meaning of consumer behaviour – Factors influencing Consumer behaviour – Buying decision process and its stages.

Module – 4: Product & Pricing 18 Hrs

Product mix – Product Life Cycle – New product development – Branding & Packing – Meaning – Types – Advantages and disadvantages – Objective of pricing – Factors influencing pricing decisions – Methods of pricing and pricing strategies.

Module – 5: Channel Of Distribution & Promotion 8 Hrs

Factors affecting choice of channel – Channel design decision – Channel Management. Promotion – Meaning – Promotion mix – Selection of media – Advertisement copy – Evaluation of advertising – Personal selling – Sales Promotion.

Module – 6: Ethical Aspects of Marketing 6 Hrs

Marketing Ethics and Consumer Rights – Socially responsible Advertising – Ethics and regulation in Product – Pricing – Packaging and Labelling.

Module – 7: Recent Trends in Marketing 4 Hrs

E-Business – Tele-Marketing – M-Business – Relationship marketing – Retailing – concept marketing and virtual marketing (concepts only).

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. Identify the producer of your choice and describe in which stage of the product life cycle it is positioned

2. Suggest strategies for development of a product

3. Select a producer and describe an advertising endeavour for it, since its introduction

4. Study of Consumer Behaviour for a product of your choice

5. Develop an Advertisement copy for a product

6. Prepare charts for distribution network for different products

Books for Reference:

❖ Armstrong & Kotler: Marketing - An Introduction.

❖ C. S. V. Murthy: Business Ethics.

❖ J. C. Gandhi: Marketing Management.

❖ Philip Kotler: Principles of Marketing.

❖ R..S.Davar: Marketing Management.

❖ Sherlaker S. A.: Marketing Management.

❖ Sontakatti: Marketing Management.

❖ William Stanton: Marketing Management.

❖ William Stanton, Michael Etzel, Bruce Walker: Fundamentals of Management.

SEMESTER – IV

C1 12 401: COST AND MANAGEMENT ACCOUNTING - II

Objectives:

To acquire indepth knowledge for effective decision making in firms and their business applications.

Module 1 – Process Costing 15hrs

Process costing – Normal loss – Abnormal loss – Gain – Joint and by products (including inter-process profit and equivalent production) preparation of process accounts and joint and by products.

Module 2 – Marginal Costing and Absorption Costing 18 hrs

Absorption costing – introduction, meaning, advantages and disadvantages of absorption costing, ascertainment of profit under absorption costing – marginal costing-introduction, meaning, advantages and disadvantages of marginal costing, differences between absorption costing and marginal costing, ascertainment of profit under marginal costing – income determination under marginal costing and absorption costing – marginal cost equations, Cost Volume Profit Analysis, Break Even Point, Margin of Safety, Break even Chart – Profit Volume Chart, Applications of Marginal Costing - Make or Buy Decision, Key factor / limiting factor , Accepting or Rejecting the Export Offer, Pricing decisions, Selecting the Suitable Product Mix, introduction of new product, operate or shut down decisions etc

Module 3 – Relevant Costing 8 hrs

Analysis of relevant cost with other cost concepts-relevant benefits- sunk cost-future costs, future benefits-Relevant cost and relevant benefits for business decisions-Case study method.

Module-4: Budgetary Control 14 Hrs.

Meaning – Need- Objectives and functions-Advantages and Limitations- Classification- Preparation of Budgets- Raw material consumption, Purchase, labour hour, Overhead, Cash, Master, Fixed and Flexible Budget.

Module 5 – Standard Costing 20hrs

Meaning – Definition – Advantages – Steps involved in Standard Costing – Analysis of Variances – Material Variances – Labour Variances – Overhead variances-Preparation of Variance Reports and interpretation of variance report.

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. List methods of costing adopted by industries located in the region.

2. Prepare a budgetary statement for any two organizations of your choice.

3. Collect the different format of budget prepared by two companies of your choice.

4. State the impact of standard costing on the decision making of the company of your choice.

5. List out the various expenses of two companies and prepare the cost sheet.

Books for Reference:

❖ Colin Drury: Management and Cost Accounting.

❖ Augustin Amaladas and Mary Amala Shanthi: Corporate Financial Knowledge Integration, Himalaya publications

❖ Nigam: Theory and Techniques of Cost Accounting.

❖ S. P. Jain & K L Narang: Cost and Management Accounting.

❖ Dr. S. N. Maheshwari: Cost Accounting.

❖ JawaharLal: Cost Accounting.

❖ M. N. Arora: Cost Accounting.

SEMESTER – IV

C1 11 402: BUSINESS STATISTICS AND RESEARCH TECHNIQUES

Objective:

❖ To enable students to grasp the fundamentals of Statistics for interpreting business data.

❖ To familiarize students with the concepts and techniques of business research.

Module - 1: Introduction 5 Hrs

Importance of Statistics, Scope, Limitations and distrust of statistics, Definition of Research, purpose, scope and objectives of research, Steps in research (brief), Classification of data, Formation of statistical series, Tabulation (simple problems.)

Module – 2: Measures of Central Tendency and Dispersion 15 Hrs

Mean, Median, Mode, Geometrics Mean, Quartiles. Range, Quartile deviation, Mean deviation from Mean, Median & Mode. Standard deviation and coefficient of variation.

Module – 3: Probability 15 Hrs

Probability: Random Experiment, Equally likely outcomes, Sample space. Classical or mathematical definition of probability – Mutually exclusive events – Complement of an event, dependent event, independent event, conditional probability (simple problems).

Module – 4: Hypothesis Testing 15 Hrs

Formation of Null and alternative Hypothesis. Level of significance, Type I and Type II errors, Hypothesis testing – T-test, Z-test Test for single mean and difference between two means only. Chi-Square test (Simple Problems)

Module – 5: Correlation & Regression 10 Hrs

Scatter diagram, Karl Person & Spearman’s correlation of coefficient. Regression, Properties of regression co-efficient, coefficient of determination.

Module – 6: Index Numbers 5 Hrs

Fisher price index number, Consumer price index number and its special use.

Module – 7: Time Series – Components of Time Series 5 Hrs

Trend analysis by moving averages and least squares method (linear)

Module – 8: Diagrammatic & Graphical Representation of Data 5 Hrs

Diagrams: Utilities, Limitations, construction of one dimensional, two dimensional and three dimensional diagrams.

Graphs: Utilities, limitations, constitution, Frequency distribution, Histogram, Frequency polygon, Frequency Curve and Ogives.

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. Collection of Data and computation of various averages.

2. Analysis of data by computing standard deviation and coefficient of variation.

3. Comparing and correlating data.

4. Construction of Index Numbers from the collected data.

5. Presentation of data in graphs and diagrams.

Books for Reference:

❖ C. B. Gupta: Statistics, Himalaya Publications.

❖ Chikkodi & B. G. Satya Prasad: Business Statistics, Himalaya Publications.

❖ Dr. Asthana: Elements of Statistics, Chaitanya.

❖ Dr. B. N. Gupta: Statistics, Sahitya Bhavan, Agra.

❖ Dr. Sancheti & Kapoor: Statistics Theory, Methods and Application.

❖ Ellahance: Statistical Methods.

❖ S. P. Gupta: Statistical Methods, Sultan Chand, Delhi.

SEMESTER – IV

C1 12 403: THEORY AND PRACTICE OF BANKING

Objective:

❖ To acquaint students about the Indian Banking system.

❖ To inculcate skills and help acquire functional knowledge about banking, essential in negotiating and interacting with Bankers.

❖ To sensitize and create awareness about the recent and emerging trends and advancements in the field on banking.

Module 1: Nature of Banking and functions of a banker 8 Hrs

Functions of Commercial banks, Sources and employment of commercial bank funds, Earning assets of a bank, Creation of credit by banks, Theories of Liquidity and profitability

Module 2: Commercial banks and central banks 8Hrs

Types of Banks: Scheduled and Non- Scheduled Banks, Regional Rural Banks, Development Banks: IFCI, SFC, SIDC, ICICI, IDBI, NABARD.

Types of Banking systems- Branch, Unit, Investment (Development), Universal (Mixed) Banking.

Understand the basic purpose and functions of: Retail banking – Investment banking (securities/trading) – Corporate Banking – Private banking – Co-operative banks.

Micro Credit- Meaning and Importance, Islamic financing-Meaning and Five Basic Principles.

Regulatory Authority-RBI Quantitative and qualitative credit control measures (in detail).

Module 3 - Banker & Customer 4 Hrs

Obligations and rights of a banker, Garnishee Order, Disclosure of information about customers account as required by law (KYC), Law of limitation

Module 4 - Negotiable Instruments 10 Hrs

Essential Characteristics of Negotiable Instruments, Promissory note, Bills of Exchange, Cheque-(meaning and features), Bearer cheques, Crossed cheques, Types of Crossing and Opening of Crossing, Demand draft, Parties to a Negotiable Instrument

Module 5 - Paying and Collecting Banker 10Hrs

Precautions to be taken by a Paying banker, Protection to Paying banker in case of Order cheques, Suitable replies to dishonored cheques. Conversion by Collecting banker, Duties of Collecting banker

Module 6 - Principles of Bank Lending 8 Hrs

Principles of sound lending, Credit worthiness of borrowers, Non-Performing Assets, Modes of creating charge (Lien, Pledge, Hypothecation, Mortgage and its types, Assignment)

Module 7 - Latest trends in banking 8 Hrs

Phone banking- call centers- Internet banking-mobile banking-payment gateways-card technologies-MICR electronic clearing- Total branch computerization-centralized banking-electronic fund transfer-RTGSS-NEFT-Electronic money-E- cheques.

Module 8 - Managing Risk in banking 4 Hrs

Different types of risks – Basel norms and its global impact with special emphasis on its implementation in India .

Skill Development:

(These activities are only indicative, the Faculty members can innovate)

1. List latest customer services offered by at least 2 banks of your choice.

2. Prepare a project report for obtaining bank loans.

3. Prepare a report on system and structure of Islamic Banking

4. Collect Account Opening form, Demand Draft, Traveler’s cheque, pay-in – slip and paste in your record.

5. List the online services rendered by any three banks.

Books for Reference

❖ Sundaram & Varshney: Theory & Practice of Banking.

❖ De Kock: Central Banking.

❖ Dr. K. N. Prasad & T. Chandradass: Banking and Financial System.

❖ Maheswari & Paul. R. R: Banking Theory and Law and Practice.

❖ Rudder Datt & K. P. M. Sundara: Indian Economy.

❖ S. M. Jha: Services Marketing.

Shekar & Shekar: Theory and Practice of Banking.

SEMESTER – IV

C1 11 404: FINANCIAL MARKETS AND SERVICES

Objective:

To equip students with the knowledge of developments in Financial Markets and Financial Services.

Module – 1: Indian Financial System 12 Hrs

Overview of Indian Financial System – Capital Market: Introduction – Meaning – Classification and Instruments for Raising Capital – Money Market: Meaning – Instruments - Stock Exchanges: BSE, OTCEI, NSE, NYSE, NASDAQ, TSE,) – Indices - Listing of securities – Procedure for Trading – Transactions in Stock Exchanges - Depository Services – Clearing and Settlement Services - SEBI: Role, Functions and Challenges - Fund Based and Non- Fund Based Services – Present Scenario

Module 2: Merchant Banking 8 Hrs

Meaning – Merchant banking services – Scope – Merchant banking practices in – Limitations in the functioning of merchant bankers .

Module-3:Mutual.Funds. 8 Hrs

Origin - Meaning – Organization Structure – Importance – Types of Mutual Funds – Risks – Present Indian Scenario

Module – 4: Lease Financing 8 Hrs

Meaning – Types of Leasing – Factors influencing Lease v/s Buy decisions (theory only) – Evaluation of a lease

Module – 5: Factoring 8 Hrs

Concept – Reasons for Factoring – Types of Factoring – Factoring Mechanism – Benefits of Factoring - Differences between Factoring and Discounting

Module – 6: Venture Capital 8 Hrs

Concept – Characteristics – Importance – Stages in Venture Financing – – Legal Aspects - Growth of Venture Capital

Module – 7: Credit Rating 8 Hrs

Introduction – Objectives of Credit Rating – Procedure for Credit Rating - Credit Rating Agencies in : CRISIL, ICRA, CARE - Limitations

Skill Development:

(These activities are only indicative, the Faculty member can innovate)

1. Make a list of innovative financial instruments.

2. Chart showing modus operandi of leasing and hire purchase procedure

3. Chart showing modus operandi of factoring services

4. Chart showing financial services

5. Prepare EMI chart of current interest rates.

6. Draw comparative statement in respect of car loans, home loans, and education loans offered by at least any 3 financial institutions.

7. List out the various retail banking service also compute EMI.

Books for Reference:

❖ Avadhani: Financial Services and Markets.

❖ Bhole: Indian Financial System.

❖ Dr. B. G. Satya Prasad: Industrial Finance.

❖ Gordan & Natrajan: Financial Markets and Services.

❖ M. Y. Khan & P K Jain: Management Accounting and Financial Analysis.

❖ M. Y. Khan: Indian Financial System.

❖ P. N. Varshney & D K Mittal: Indian Financial System.

❖ Prasanna Chandra: Security Analysis and Portfolio Management.

❖ Sharma & Gupta: Financial Services.

❖ V. Pattabhi Ram & S D Bala: Management Accounting and Financial Analysis.

SEMESTER - IV

C1 11 4ES: ENVIRONMENTAL STUDIES

Module – 1: The Multi-Disciplinary Nature Of Environmental Studies

Definition, Scope and awareness – Environmental Education and its objectives.

Module 2: Ecosystem

Concepts of Ecosystem, Structure and function of an ecosystem – Producers, Consumers and decomposers – Energy flow in Ecosystem (Laws of thermodynamics) – Biogeochemical cycles – water, Oxygen, Carbon, Nitrogen.

Module – 3: Natural Resources

Classification – Principal natural resources and the threats and problems with case studies. Forest Resource, Water resource – RWH, Mineral resource, Food resource, Energy resource, Land resource, Environmental protection Act, Forest Conservation Act.

Module – 4: Biodiversity And Its Conservation

Value of biodiversity threats to biodiversity, Endangered and Endemic species of India, Hotspots of Biodiversity in India. Conservation of biodiversity in-situ and ex-situ conservation, Wildlife Protection Act.

Module-5: Environmental Pollution

Sources & effects, control measures of – Water pollution, Air pollution, Noise pollution, Land pollution – Solid waste management, Nuclear hazards. Air & Water Pollution - Prevention and Control of Pollution Act.

Module -6: Social Issues And The Environment

From unsustainable to sustainable development; urban problems related to energy; water conservation, rain water harvesting, watershed management; Resettlement and rehabilitation of people, its problems and concerns, case studies; Environmental ethics: Issues and possible solutions; climate changes, global warming, acid rain, ozone layer depletion, nuclear accidents and holocaust, case studies.

Module -7: Human Population and Environment

Population growth, variation among nations; Population explosion, Family welfare programme; Environment and human health; Human rights; Value education; HIV/AIDS, Women and child welfare.

Books for Reference:

❖ Dr. J P Sharma: Environmental Studies, Laxmi Publications P. Ltd, New Delhi.

❖ Dr. R G Desai: Environmental Studies, Himalaya Publishing House.[pic]

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