COMMERCE AND ACCOUNTANCY
PAPER - I
Accounting and Finance
Accounting, Taxation & Auditing
1. Financial Accounting:
Accounting as a Financial Information Sys-tem; Impact of Behavioural Sciences. Ac-counting Standards e.g., Accounting for
Depreciation, Inventories, Research and
Development Costs, Long-term Construct-ion Contracts, Revenue Recognition, Fixed
Assets, Contingencies, Foreign Exchange
Transactions, Investments and Govern-ment Grants, Cash Flow Statement, Earn-ings Per Share.
Accounting for Share Capital Transactions
including Bonus Shares, Right Shares,
Employees Stock Option and Buy- Back of
Securities.
Preparation and Presentation of Company
Final Accounts.
Amalgamation, Absorption and Reconstru-ction of Companies.
2. Cost Accounting:
Nature and Functions of Cost Accounting.
Installation of Cost Accounting System.
Cost Concepts related to Income Measure-ment, Profit Planning, Cost Control and
Decision Making.
Methods of Costing: Job Costing, Process
Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a
tool of Profit Planning.
Incremental Analysis/ Differential Costing
as a Tool of Pricing Decisions, Product
Decisions, Make or Buy Decisions, Shut-Down Decisions etc.
Techniques of Cost Control and Cost Re-duction: Budgeting as a Tool of Planning
and Control. Standard Costing and Vari-ance Analysis.
Responsibility Accounting and Divisional
Performance Measurement.
3. Taxation:
Income Tax: Definitions; Basis of Charge;
Incomes which do not form Part of Total
Income. Simple problems of Computation
of Income (of Individuals only) under Vari-ous Heads, i.e., Salaries, Income from
House Property, Profits and Gains from
Business or Profession, Capital Gains, In-come from other sources, Income of other
Persons included in Assessee’s Total In-come .
Set - Off and Carry Forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT
and Services Tax.
4. Auditing:
Company Audit: Audit related to Divisible
Profits, Dividends, Special investigations,
Tax audit.
Audit of Banking, Insurance, Non-Profit
Organizations and Charitable Societies/
Trusts/Organizations.
Financial Management, Financial Institu-tions and Markets
1. Financial Management:
Finance Function: Nature, Scope and Ob-jectives of Financial Management: Risk
and Return Relationship.
Tools of Financial Analysis: Ratio Analy-sis, Funds-Flow and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Pro-cedures and Appraisal Methods. Risk and
Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of
Specific Costs and Weighted Average Cost
of Capital. CAPM as a Tool of Determining
Cost of Equity Capital.
Financing Decisions: Theories of Capital
Structure - Net Income (NI) Approach,
Net Operating Income (NOI) Approach, MM
Approach and Traditional Approach. De-signing of Capital structure: Types of Lever-ages (Operating, Financial and Combined),
EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm:
Walter’s Model, MM Thesis, Gordan’s
Model Lintner’s Model. Factors Affecting
Dividend Policy.
Working Capital Management: Planning of
Working Capital. Determinants of Working
Capital. Components of Working Capital -Cash, Inventory and Receivables.
Corporate Restructuring with focus on
Mergers and Acquisitions (Financial as-pects only)
2. Financial Markets and Institutions:
Indian Financial System: An Overview
Money Markets: Participants, Structure and
Instruments. Commercial Banks. Reforms
in Banking sector. Monetary and Credit
Policy of RBI. RBI as a Regulator.
Capital Market: Primary and Secondary
Market. Financial Market Instruments and
Innovative Debt Instruments; SEBI as a
Regulator.
Financial Services: Mutual Funds, Venture
Capital, Credit Rating Agencies, Insurance
and IRDA.
PAPER – II
Organisation Theory and Behaviour,
Human Resource Management
and Industrial Relations
Organisation Theory and Behaviour
1. Organisation Theory:
Nature and Concept of Organisation; Ex-ternal Environment of Organizations -Tech-nological, Social, Political, Economical and
Legal; Organizational Goals - Primary and
Secondary goals, Single and Multiple
Goals; Management by Objectives.
Evolution of Organisation Theory: Classi-cal, Neo-classical and Systems Approach.
Modern Concepts of Organisation Theory:
Organisational Design, Organisational
Structure and Organisational Culture.
Organisational Design–Basic Challenges;
Differentiation and Integration Process;
Centralization and Decentralization Pro-cess; Standardization / Formalization and
Mutual Adjustment. Coordinating Formal
and Informal Organizations. Mechanistic
and Organic Structures.
Designing Organizational structures–Au-thority and Control; Line and Staff Func-tions, Specialization and Coordination.
Types of Organization Structure –Func-tional. Matrix Structure, Project Structure.
Nature and Basis of Power , Sources of
Power, Power Structure and Politics. Im-pact of Information Technology on Organi-zational Design and Structure.
Managing Organizational Culture.
2. Organisation Behaviour:
Meaning and Concept; Individual in orga-nizations: Personality, Theories, and De-terminants; Perception - Meaning and Pro-cess.
Motivation: Concepts, Theories and Appli-cations. Leadership-Theories and Styles.
Quality of Work Life (QWL): Meaning and
its impact on Performance, Ways of its En-hancement. Quality Circles (QC) – Mean-ing and their Importance. Management of
Conflicts in Organizations. Transactional
Analysis, Organizational Effectiveness,
Management of Change.
Human Resources Management and In-dustrial Relations
1. Human Resources Management
(HRM):
Meaning, Nature and Scope of HRM, Hu-man Resource Planning, Job Analysis, Job
Description, Job Specification, Recruitment
Process, Selection Process, Orientation
and Placement, Training and Develop-ment Process, Performance Appraisal and
360°Feed Back, Salary and Wage Admin-istration, Job Evaluation, Employee Wel-fare, Promotions, Transfers and Separa-tions.
2. Industrial Relations (IR):
Meaning, Nature, Importance and Scope
of IR, Formation of Trade Unions, Trade
Union Legislation, Trade Union Movement
in India. Recognition of Trade Unions, Prob-lems of Trade Unions in India. Impact of
Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and
Lockouts , Causes of Disputes, Prevention
and Settlement of Disputes.
Worker’s Participation in Management:
Philosophy, Rationale, Present Day Sta-tus and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises,
Absenteeism and Labour Turnover in Indian
Industries and their Causes and Remedies.
ILO and its Functions.
PAPER - I
Accounting and Finance
Accounting, Taxation & Auditing
1. Financial Accounting:
Accounting as a Financial Information Sys-tem; Impact of Behavioural Sciences. Ac-counting Standards e.g., Accounting for
Depreciation, Inventories, Research and
Development Costs, Long-term Construct-ion Contracts, Revenue Recognition, Fixed
Assets, Contingencies, Foreign Exchange
Transactions, Investments and Govern-ment Grants, Cash Flow Statement, Earn-ings Per Share.
Accounting for Share Capital Transactions
including Bonus Shares, Right Shares,
Employees Stock Option and Buy- Back of
Securities.
Preparation and Presentation of Company
Final Accounts.
Amalgamation, Absorption and Reconstru-ction of Companies.
2. Cost Accounting:
Nature and Functions of Cost Accounting.
Installation of Cost Accounting System.
Cost Concepts related to Income Measure-ment, Profit Planning, Cost Control and
Decision Making.
Methods of Costing: Job Costing, Process
Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a
tool of Profit Planning.
Incremental Analysis/ Differential Costing
as a Tool of Pricing Decisions, Product
Decisions, Make or Buy Decisions, Shut-Down Decisions etc.
Techniques of Cost Control and Cost Re-duction: Budgeting as a Tool of Planning
and Control. Standard Costing and Vari-ance Analysis.
Responsibility Accounting and Divisional
Performance Measurement.
3. Taxation:
Income Tax: Definitions; Basis of Charge;
Incomes which do not form Part of Total
Income. Simple problems of Computation
of Income (of Individuals only) under Vari-ous Heads, i.e., Salaries, Income from
House Property, Profits and Gains from
Business or Profession, Capital Gains, In-come from other sources, Income of other
Persons included in Assessee’s Total In-come .
Set - Off and Carry Forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT
and Services Tax.
4. Auditing:
Company Audit: Audit related to Divisible
Profits, Dividends, Special investigations,
Tax audit.
Audit of Banking, Insurance, Non-Profit
Organizations and Charitable Societies/
Trusts/Organizations.
Financial Management, Financial Institu-tions and Markets
1. Financial Management:
Finance Function: Nature, Scope and Ob-jectives of Financial Management: Risk
and Return Relationship.
Tools of Financial Analysis: Ratio Analy-sis, Funds-Flow and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Pro-cedures and Appraisal Methods. Risk and
Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of
Specific Costs and Weighted Average Cost
of Capital. CAPM as a Tool of Determining
Cost of Equity Capital.
Financing Decisions: Theories of Capital
Structure - Net Income (NI) Approach,
Net Operating Income (NOI) Approach, MM
Approach and Traditional Approach. De-signing of Capital structure: Types of Lever-ages (Operating, Financial and Combined),
EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm:
Walter’s Model, MM Thesis, Gordan’s
Model Lintner’s Model. Factors Affecting
Dividend Policy.
Working Capital Management: Planning of
Working Capital. Determinants of Working
Capital. Components of Working Capital -Cash, Inventory and Receivables.
Corporate Restructuring with focus on
Mergers and Acquisitions (Financial as-pects only)
2. Financial Markets and Institutions:
Indian Financial System: An Overview
Money Markets: Participants, Structure and
Instruments. Commercial Banks. Reforms
in Banking sector. Monetary and Credit
Policy of RBI. RBI as a Regulator.
Capital Market: Primary and Secondary
Market. Financial Market Instruments and
Innovative Debt Instruments; SEBI as a
Regulator.
Financial Services: Mutual Funds, Venture
Capital, Credit Rating Agencies, Insurance
and IRDA.
PAPER – II
Organisation Theory and Behaviour,
Human Resource Management
and Industrial Relations
Organisation Theory and Behaviour
1. Organisation Theory:
Nature and Concept of Organisation; Ex-ternal Environment of Organizations -Tech-nological, Social, Political, Economical and
Legal; Organizational Goals - Primary and
Secondary goals, Single and Multiple
Goals; Management by Objectives.
Evolution of Organisation Theory: Classi-cal, Neo-classical and Systems Approach.
Modern Concepts of Organisation Theory:
Organisational Design, Organisational
Structure and Organisational Culture.
Organisational Design–Basic Challenges;
Differentiation and Integration Process;
Centralization and Decentralization Pro-cess; Standardization / Formalization and
Mutual Adjustment. Coordinating Formal
and Informal Organizations. Mechanistic
and Organic Structures.
Designing Organizational structures–Au-thority and Control; Line and Staff Func-tions, Specialization and Coordination.
Types of Organization Structure –Func-tional. Matrix Structure, Project Structure.
Nature and Basis of Power , Sources of
Power, Power Structure and Politics. Im-pact of Information Technology on Organi-zational Design and Structure.
Managing Organizational Culture.
2. Organisation Behaviour:
Meaning and Concept; Individual in orga-nizations: Personality, Theories, and De-terminants; Perception - Meaning and Pro-cess.
Motivation: Concepts, Theories and Appli-cations. Leadership-Theories and Styles.
Quality of Work Life (QWL): Meaning and
its impact on Performance, Ways of its En-hancement. Quality Circles (QC) – Mean-ing and their Importance. Management of
Conflicts in Organizations. Transactional
Analysis, Organizational Effectiveness,
Management of Change.
Human Resources Management and In-dustrial Relations
1. Human Resources Management
(HRM):
Meaning, Nature and Scope of HRM, Hu-man Resource Planning, Job Analysis, Job
Description, Job Specification, Recruitment
Process, Selection Process, Orientation
and Placement, Training and Develop-ment Process, Performance Appraisal and
360°Feed Back, Salary and Wage Admin-istration, Job Evaluation, Employee Wel-fare, Promotions, Transfers and Separa-tions.
2. Industrial Relations (IR):
Meaning, Nature, Importance and Scope
of IR, Formation of Trade Unions, Trade
Union Legislation, Trade Union Movement
in India. Recognition of Trade Unions, Prob-lems of Trade Unions in India. Impact of
Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and
Lockouts , Causes of Disputes, Prevention
and Settlement of Disputes.
Worker’s Participation in Management:
Philosophy, Rationale, Present Day Sta-tus and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises,
Absenteeism and Labour Turnover in Indian
Industries and their Causes and Remedies.
ILO and its Functions.
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