ACCOUNTING FOR MANAGERIAL DECISION

MSBS/BCOM/601 Course Objective: To familiarize the students to the Concept of Management Accounting System and its importance as well as usage. To give a practical based knowledge on the usage of Accounting Information for various Managerial Decisions. To enable students to identify appropriate Management Accounting Techniques for Decision Making, Planning and Control; and apply these Techniques in the generation of Management Accounting Reports. COURSE CONTENT Module-I Introduction to Management Accounting: Meaning, Nature and Scope of Management Accounting, Objectives and Functions of Management Accounting. Role of Management Accountant, Relationship between Financial Accounting, Cost Accounting and Management Accounting. Limitations of Management Accounting. (12 Hours) Module-II Management Information System and Reporting: Meaning, Objects, Significance of Good report, Types of reports, Levels of Management and reports. Drafting of reports under different situations, (12 Hours) Module-III Standard Costing and Variance Analysis: Concept of historical Cost and Standard Cost. Nature of Standard Costing, Material Cost Variances, Labour Cost Variances. (12 Hours) Module-IV Ratio Analysis: Meaning of Ratios, Use of Financial Ratios in Decision making, Classification of ratios, Long-term Solvency Ratios, Short-term Solvency Ratios, Activity Ratios, Profitability ratios, Operating Ratios, Limitations of Ratios. (12 Hours) Module-V Budgets and Budgetary Control : Meaning, Objectives and Limitations of Budgetary control types of Budget, Production quantity and cost budget, Raw Materials quantity and Cost Budget, Sales budget, Fixed and Flexible budget, Cash Budget. (Receipts and Payments Method). (12 Hours) Text Books: 1. Management Accounting 2. Management Accounting 3. Management Accounting 4. Management Accounting 5. Management Accounting Reference materials: Management Accounting Management Accounting Management Accounting Management Accounting : M Y Khan and P K Jain : S.N. Maheshwari : I.M. Pandey : Paul :J.M. Gowda

Super Core Course

& Financial Control

: : : :

Manmohan and Goyal Sexena R.S. N Pillaiand Bhagwati Sharma and Gupta

Journal of Institute of Cost Accounts and CIMA publications on Cost and management Accountancy.

ENTREPRENEURSHIP DEVELOPMENT
MSBS/BCOM/602 Course Objectives: Enable the student to appreciate the subject entrepreneurship as an eclectic discipline/ applied commerce as well as To familiarize him with the policy and institutional support system prevalent in India as a precursor to his eventual plunge into the vortex of entrepreneurship. Course Contents: Module-I The Entrepreneurial Development Perspective: Entrepreneur v/s Entrepreneurship, Attributes and characteristics of successful Entrepreneur; Role of Entrepreneur in Indian economy and developing economies with reference to Self-employment development; Entrepreneurial Culture. Entrepreneurial theories, Role models, Support Systems (15 Hours) Module-II International Entrepreneur: opportunities,: Nature and importance of international E-ship; International Vs. domestic E-Ship and barriers to international trade. women entrepreneur: Problems for women entrepreneur, reasons for starting an enterprise ; institutional support for women entrepreneur. (15 Hours) Module-III Creativity and Business Ideas: Sources of new ideas, methods of general idea, creative problem solving, product planning and development process, e-commerce and business start up and growth. Innovation and entrepreneurship. (15 Hour) Module-IV Financial planning: Role of Government and Financial Institutes in entrepreneurship development. Industrial sickness and remedies, Tax planning, knowledge of exemptions and deduction. (10 Hours) Legal Issues for entrepreneurs: Legal issues in setting up an organization. Trademarks, copy rights etc. (5 Hours) Module-V Managing, growing Ending new venture: Preparing for the new venture launch; new venture expansion strategy;

Core Course

ending the venture. hours)

(15

Text Books:1. Dynamics of Entrepreneurship Development- Vasant Desai 2. Brandt, Steven C., The 10 Commandments for Building a Growth Company, Third Edition, Macmillan 3. BusinessBooks, Delhi, latest edition. 4. Bhide, Amar V., The Origin and Evolution of New Businesses, Oxford University Press, New York, 2000. 5. Desai, Vasant., Small Scale Enterprises Vols. 1-12, Mumbai, Himalaya Publishing House. (Latest edition). 6. Desai, Vasant., Dynamics of Entrepreneurial Development and Management, Mumbai, Himalaya Publishing House. (Latest edition). Referrence:5. Dollinger, Mare J., Entrepreneurship: Strategies and Resources, Illinois, Irwin. 6. Holt, David H., Entrepreneurship: New Venture Creation, Prentice-Hall of India, New Delhi, latest Edition. 7. Jain, Arun Kumar., Competitive Excellence: Critical Success Factors, New Delhi: Viva Books Limited. 8. Kao, John J., The Entrepreneurial Orgasnisation, Englewood Cliffs, New Jersey: Prentice-Hall, latest edition. 9. Langois, Richard N., Yony Fu-Lai Yu and Robertson, (Eds.), The International Library of Critical Writings in Economics. 10. McIntyre and Bruno Dallago, (Eds.), Small and Medium Enterprises.

Core Course

EXPORT IMPORT PROCEDURES

MSBS/BCOM/603 Course Objectives: To provide an in-depth knowledge on Export Import procedures . To Know various Rulues and Regulations in connection with Export and Import. To provide weightage to documentation and practical knowledge as much as possible. COURSE CONTENT Module-I Introduction: Exports and Imports- General Provisions: Sending Export Samples, brief note on Some Distribution Channels seen Overseas. ( 6 Hours) Shipment of Export Goods and Customes Clearance: Clearing and Forwarding, Port Commissioners Charges. ( 6 Hours) Module-II Packing and Packaging: Importance of packing and packaging, karking.

Quality Contro and Preshipment Inspection: Exports (Quality Control and Inspection) Act, Types of Preshipment Inspection, ISO 9000 & Harmonized Standards. ( 12 Hours) Module-III Export Documents: Standardised Pre-shipment Export Documents (Aligned Export Documents): Aligned Documentation System (ADS), Commercial Documents, Regulatory Documents, ( 12 Hours) Module-IV Marine Insurance of Export Cargo: Claims against Marine Insurance Policies, Export Finance: Preshipment Credit, Post Shipment Finance. ( 12 Hours) Module-V Documentary Letters of Credit: Parties to L/C; Types of L/C; ( 6 Hours) Organizations Assisting Export Trade: Export Import bank of India (EXIN Bank); Export Credit and Guarantee Corporation (ECGC); Export Promotion Counculs (EPCs). ( 6 Hours) ( 6 Hours) Text Books and References: 1. Export-Import Procedures and Documentation: Thomas E Johnson 2. Export-Import Theory, Practice and Procedures: Belay Seyoum 3. Export-Import Procedures and Documentation: W.K. Acharya & Jain- IInd Edition. Reference Materials: Export management D.C. Kapoor and T.S. Balagopal How to Import 2004-05 Navhi Group of Editors

Core Course

ADVANCED COST ACCOUNTING

MSBS/BCOM/604 (Specialization in Accounting & Finance) Course Objective: To create cost consciousness among the students. To familiarize the students with the tools and techniques used in cost accountancy. To give a practical based knowledge on different methods of costing and costing techniques and its application in various fields. COURSE CONTENT Module-I Process Costing : Inter Process Profit and Loss, Equivalent Production. (6 Hours)

Joint Products and By-Product Costing: Meaning of Joint products. Methods of apportionment of Joint Cost, By-Product Classification, distinction between by-product and Joint product,. (6 Hours) Module-II Marginal Costing and Absorption Costing: Introduction, meaning and definition of Marginal Cost and Marginal Costing. Marginal Costing Vs Absorption Costing. Marginal Cost equation; (12Hours) Module-III Cost Volume Profit analysis and break-even analysis: Graphic method of break-even analysis, PV Ratio, Break Even Chart, PV Graph, Angle of Incidence, Composite BEP, Margin of Safety. (12Hours) Module-IV Application of Marginal Costing Techniques and Cost Volume Profit Analysis in Decision Making: Evaluation of Performance, Decision making, Fixation of Selling Prices, key Factor, Make or buy Decision, Selection of a Suitable Product Mix, Closing down or Suspending Activities. (12Hours) Module-V Job/ Order and Batch Costing: Nature and Suitability, Objectives of Job/ Order costing, Advantages and disadvantages, Procedure of Job Order Cost System, Batch Costing, Job and Contract Costing, Types of Contracts, Profit on Incomplete Contract, Cost plus Contract, Escalation Clause. (12 Hours) Text Books 1. Cost Accounting- Methods and Practice : B.K. Bhar 2. Advanced Cost Accounting : S.P.Jain and K.L Narang 3. Cost Accounting : Maheswari 4. Cost Accounting : M.L. Agrawal 5. Cost Accounting : Jawahar Lal Reference materials: 1. Cost Accounting : S.P. Iyengar 2. Costing : N. Prasad 3. Advanced Cost Accounting : Nigam and Sharma 4. Journal of Institute of Cost Accounts and CIMA publications on Cost and Management Accountancy.

Special Core Course

TAX PLANNING AND TAX MANAGEMENT

MSBS/BCOM/605 (Specialization in Accounting & Finance) Course Objectives: To provide working knowledge on the law and procedure relating to Direct and Indirect Taxes.

To integrate the relevance of these laws with financial planning and managerial decisions. COURSE CONTENT Module-I Direct Tax planning: Tax planning and tax management - meaning and significance. Tax planning v. tax evasion, tax management, tax implications in planning, the legal status of business unit, firm, private limited company and public limited company. Tax planning in respect of different heads of income. Tax Planning With respect to individuals and firms, Tax aspects of mergers and amalgamations, New Industrial establishment and tax planning. (18 Hours) Module-II Tax considerations arising with regard to specific management decisions such as: make or buy; own or lease, retain or replace; repair of scrap or return; export versus local sale; shut down or continue; expand or contract merger and acquisition new capital investment; tax exemptions. Tax incentives and export promotions. Tax aspects of investments, ax implications in developing capitalization structure and (a) short term loans; (b) deposits from public; c) term loans; (d) bonus issues; e) dividend policy. (12 Hours) Module-III: Excise law planning: Planning based on interpretation of notifications and court judgments; revision of classification and price lists; rectification proceedings; planning in relation to nature of activity, use of power, commodity of manufacture, method of selling; scale of investment, number of workers, location of the units, etc. supporting documents and records as aids to planning exercise, special relief for exports; excise duties and cash management; revision and rectification proceedings and their impact on corporate finances. (12 Hours) Module IV: Customs duty planning - Classification of goods - principles, abatement of duties and availing exemptions, customs levies and cash management. (6 Hours) Module-V: Sales Tax planning: Method of executing sales through branches, head office and factory; export contracts and implications on penultimate sales, canalized exports implications, planning vis--vis judicial pronouncements; sales tax levies and cash management; promissory estoppels - extent of application to sales tax matters, a case law review. (12 Hours) Text Books: 1. Income Tax Law and Practice : Dr. H.C. Mehrotra 2. Tax Planning : Vinod K Singhania 3. How to Save Income Tax Through Tax Planning : R.N. Lakhotia 4. Corporate Tax Planning : R.N. Lakhotia 5. Direct Taxes- Law and Practice : Dr. Bhagwati Prasad 6. Tax Planning for Companies : P.K. Agrawal Reference Materials: Direct Taxes : B.B. Lal Central Sales Tax Laws (2 Volumes) : Chaturvedi Central Excise manual : L.K. Jain Indirect Tax Laws and Practice (CST Act) : V.S. Datey Bare Acts of CST

Core Course

COST AUDIT AND MANAGEMENT AUDIT MSBS/BCOM/606 (Specialization in Financial Analysis) Course Objectives: To provide an in-depth study of the body of knowledge comprising of the techniques and methods of planning and executing a Cost and Management Audit. To give a practical knowledge on Cost and management Audit Work. COURSE CONTENT Module-I Introduction- Importance of Management Audit, Objectives, Criticism, Statutory Audit and Management Audit. Preliminaries to conduct management Audit, Management Audit programme, Work and duties of Management Auditor, Management Auditors Report. (12Hours) Module-II Audit of the Management Processes and Functions, such as Planning, Organization, Staffing, Co-ordination, Communication, Direct ion and Control. (12Hours) Module-III Corporate Service Audit (Customer Services): Product (Research and Development) and import substitution, customers Channels (export) CRM. (8Hours) Audit of Social Responsibility management. (4 Hours) Module-IV Cost Audit: Nature, Objects and scope of cost audit, Appointment of cost auditor, rights, responsibilities, status, relationship and liabilities of cost auditor. Planning the Audit: List of records and Reports, Preparation of the Audit Programme. Verification of records and reports. Audit Notes and Working papers. (12 Hours) Module-V Cost Audit Reports: Contents of the Report, Notes and Qualification to the Report, Cost Auditors Observations and Conclusions. Comparative studies between cost audit and financial audit with special reference to disclosure of information to members, parliament and the general public. (12Hours)

Text Book: 1. The Management System Auditors Handbook : Joe Kausek 2. Principles and Practice of Auditing : R.G. Sexena 3. Practical Auditing : B N Tandon 4. Contemporary Auditing : Kamal Gupta

OFFICE MANAGEMENT
MSBS/BCOM/610 Course Objective: To give a practical based knowledge on Office management To make the students expert in dealing with the customers and maintenance of office records. COURSE CONTENT Module-I Modern Office and Its Functions: Introduction- Meaning of Office, Office Activities, The purpose of an office, Office functions, Importance of Office. ( 2 Hours) Office Management: Elements of Office management, Functional Office management, Administrative Office Management, Information management, Scientific office management, Scientific Management in Office. (4 Hours) Module-II Office Organization: Introduction, Office manuals. (1 Hour) Office Administration: Administrative Office Management, Objectives Functions of Administrative Office Manager. (2 Hours) Office Accommodation: Introduction, Location of Office, Office Building, Office layout, Open and Private Offices, New Trends in Office layout. (3 Hours) Module-III Office Environment: Office Lighting, Designing a lighting system, Ventilation, Interior Decoration, Furniture, Cleanliness. (3 Hours) Office Systems and Procedures: The System Concept, Flow of Work, Analysis of Flow of Work, Role of Office Manager in Systems and Procedures. (3 Hours) Module-IV

Core Bracket Course

Office Services: Introduction- Centralization Versus Decentralization of Office Services, Problems of Choice Departmentation of office. ( 2 Hours) Office Machines and Equipments: Objects of mechanization, Types of Office Machines. (2 Hours) Office Forms: Forms Control, Forms Designing, Forms Sets, Stationery. (2 Hours) Module-V Records management: Introduction, Filing, Classification and arrangement of files, Methods of Filing, Modern Filing Devises, Indexing. (2 Hours) Office Stationery and Supplies: Need to control Office Stationary and Supplies. Office Communication, Office Correspondence and mail services. (2 Hours) Office Reports: Report Writing, Types of Reports. (2 Hours) Text Books: 1. Office Management: R.K.Chopra 2. Office Management: Maarilyin, Manning 3. Office management And procedure: R.K. Sharma 4. Office Management: P.K. Gupta 5. Modern Office Management: Dr. I.M. Shashi. Reference Materials: 1 Manual of Office management and correspondence: B.N. Tandon 2. Office Management and Procedures: Singh and Chhaabhria 3. Office management: Ghosh and Agrawa

Core Bracket

LEADERSHIP SKILLS
AMSBS/BCOM/611 Course Objective: This course will help the students: To develop skills for effective leadership. Clarifying leadership values. Having an appropriate attitude toward leadership values and ethics. Communicating as a leader. Leading in diverse environments. COURSE CONTENTS: Module-I Introduction to leadership: Meaning, features and importance of leadership; Requirements of an effective leader, the utility of self awareness for leadership, leadership values and its importance. (5 Hours) Module-II

Transactional and transformational leadership- A Critical difference; Leadership styles- Types and Meaning; Aligning actions with shared values and effective listening- an overview of these qualities . (5 Hours) Module-III Inspiring Vision: Setting Effective Goals; Developing Common Purpose; Asserting Effectively; Challenging the status quo embracing change (an overview of all these qualities and its importance in the context of leadership);Team Building : Making Meetings and Teams Work;Problem Solving- Meaning, Procedure and Importance. (10 Hours) Module-IV Building Commitment: Support and Coalition, Empowering others/ Fostering Action, Building Bridges, Encouraging and Recognizing others, Celebrating accomplishments (an overview of all these qualities and its importance in the context of leadership), Managing Conflict- Procedure. (5 Hours) Module-V Leading in a Diverse Environment: Meaning, steps and procedure; Putting Theory into Action Process, Leadership as Personal and Professional Development- Meaning and Importance. (5 Hours) Text Books: Leadership Myths and Realities by Robert. J. Auio Reference Materials: Leadership by the book by Ken Blan Chard Leadership by Harvard Business Review Rules & Tools for leaders by Perry. M. Smith Leadership by Rudolph. W. Giulium Effective leadership- How to develop leadership skills by John Adair Basic Managerial skills for all 6th Edition by Mac Grath Value Leadership-Winning Competitive Advantage in the Information age by Harris

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