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JECRC University, Jaipur

Department of Commerce

M.Com (Accounting & Taxation)

Two year full time postgraduate Course

Curriculum 2013- 14

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INTRODUCTION

JECRC University Jaipur IS launchING an M.Com (Accounting & Taxation) Programme during

the year 2013- 2014 to be offered through Department of Commerce.

1. TITLE OF THE PROGRAMME

The Course shall be called Master of Commerce in Accounting & Taxation which is abbreviated

as MAT.

2. OBJECTIVES The basic objective of the M.Com program is to provide advance and practically knowledge of

commerce stream to competent young men and women with the aim that they occupy key

operational positions at their work place.

The course structure of the given M.Com program is designed keeping in view the basic

requirements of the industries. Consequently essential features and structure of such model

program would be:

a) To impart to the students with the latest and relevant knowledge from the field of

Finance, Accounting, Taxation, Banking, etc.

b) To provide opportunities to the students. within and outside the institution, for

developing necessary operating skills required by the Industry.

M.Com is offered by MUJ in three specializations:- Accounting & Taxation , Banking

Management & Financial Markets.

To develop the right kind of values and attitudes to function effectively in the competitive

environment.

3. DURATION OF THE COURSE

The MAT course shall be of Two years duration in Four Semesters.

The Maximum duration for a student for complying with the degree requirement is twice (4

Years) the duration of the academic Programme for date of first registration for his / her first

semester.

4. CREDIT REQUIREMENT FOR THE AWARD OF DEGREE:-

M.Com (MAT) 100 Credits.

The Credit distribution in four semester are as follows:

Semester No. of Total credit per semester Cumulative

Credits

I 21 21

II 22 43

III 23 66

IV 24 90

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5. ELIGIBILITY FOR ADMISSION

Admission to the M.Com course is open to all candidates those who possess a B.Com

education from recognized University.

Those who secure 50 percent aggregate marks in a B.Com from a recognized University are

eligible to apply for the Programme.

The selection for the M.Com course is purely on merit basis.

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JECRC University, Jaipur.

Course Structure M.Com (Accounting & Taxation)

PREVIOUS YEAR:

SEMESTER – I

Paper Code Subject L T P C

CO11002 Higher Business Statistics 2 1 - 3

CO11301 Higher Financial Accounting 2 1 - 3

CO11302 Management Accounting 2 1 - 3

CO11303 Legal Aspects of Company 2 1 - 3

CO11304 Organizational Management 3 - - 3

CO11305 Management Information System 3 - 2 4

CO11306 Presentation / Seminars - - 4 2

TOTAL 14 4 6 21

SEMESTER – II

Paper Code Subject L T P C

CO12301 Advance Auditing 2 1 - 3

CO12302 Direct Taxes – I 2 1 - 3

CO12303 Financial Management 2 1 - 3

CO12304 Cost Accounting & Decision

Making

3 1 - 4

CO12305 Quantitative Techniques 3 1 - 4

CO12306 Managerial Economics 3 1 - 4

CO12307 Seminars / Presentations - - 2 1

TOTAL 15 6 2 22

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FINAL YEAR:

SEMESTER – III

Paper Code Subject L T P C

CO13301 Direct Taxes – II 2 1 - 3

CO13302 Financial Reporting 3 - - 3

CO13303 Indirect Taxes – I 2 1 - 3

CO13304 Computerized Financial Accounting 3 - 2 4

CO13305 Corporate Tax Planning 3 - - 3

CO13306 Summer Industrial Training (8Weeks) - - 8 4

G13004 CommunicationSkills 3 - - 3

TOTAL 16 2 10 23

SEMESTER – IV

Paper Code Subject L T P C

CO14301 Strategic Financial Management 3 1 - 4

CO14302 Indirect Taxes – II 3 1 - 4

CO14303 Management & Operational Audit 3 - - 3

CO14304 Project Planning & Control 3 - - 3

CO14305 Strategic Cost Management 3 - - 3

CO14306 Seminars / Presentation - - 4 2

CO14307 Project - - 10 5

TOTAL 15 2 14 24

Total Credits 21 + 22 + 23 + 24 = 90

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M.Com (Accounting & Taxation)

SEMESTER – I

Paper Code: CO11002 Higher Business Statistics (2 - 1 - 0 3)

Objective:-

This course will introduce students to different types of statistics & statistical

methods. After the completion of the course the students will able to apply the

appropriate statistic / or method to real world business problems.

Unit 1 Probability: Definition, three approaches to define probability, Various theorems

(Bye’s theorem and Mathematical expectations), Probability Distributions : Binomial,

Poisson and Normal Distribution their Application & Properties.

Unit 2 Sampling Theory: meaning, Sampling Methods, Sampling Distribution of means and

proportion of large sample. Standard error, test of significance for mean, Standard

Deviation, T- test, F- test, Z – test and Chi- square test. Analysis of Variance: One

way & Two way classification, design of experiments.

Unit 3 Association of Attributes: Meaning and Classification of attributes methods of

calculation or association between attributes partial association consistency of Data.

Coefficient of Correlation by method of least Squares. Calculation of Standard error of

estimates multiple correlation and multiple regression.

Business Forecasting: Meaning, Types, Importance & Methods. Steps of Forecasting.

Suggested

Readings

Hooda, R.P. Statistics for Business and Economics, Macmillan, New Delhi.

S.P. Gupta ; Statistics, Sultan Chand & Sons.

Levin and Rubin: Statistics for Management; Pearson Publications, New Delhi.

Paper Code: CO11301 Higher Financial Accounting (2- 1 - 0 3)

Objectives:-

To lay a foundation for the preparation & presentation of financial statement.

To gain the ability to use Accounting standards for solving problem relating to

companies & partnership firms.

Unit 1 Elementary Knowledge of the framing of the accounting standards, national and

international accounting authorities, adoption of international financial reporting

standards, Accounting Standards:- Working knowledge of:

AS 1 : Disclosure of Accounting Policies

AS 2: Valuation of Inventories

AS 3: Cash Flow Statements

AS 6: Depreciation Accounting

AS 7: Construction Contracts (Revised 2002)

AS 9: Revenue Recognition

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AS 10: Accounting for Fixed Assets

AS 13: Accounting for Investments

AS 14: Accounting for Amalgamations.

Financial Statements of Not-for-Profit Organizations

Unit 2 Alteration of share capital, Conversion of fully paid shares into stock and stock into

shares, Accounting for bonus issue. Simple problems on Accounting for business

acquisition, Amalgamation and reconstruction

(excluding problems of amalgamation on inter-company holding), Accounting for

Special Transactions

(a) Hire purchase and installment sale transactions

(b) Investment accounts

(c) Insurance claims for loss of stock and loss of profit.

Unit 3 Issues in Partnership Accounts

Final accounts of partnership firms – Admission, retirement and death of a partner

including treatment of Goodwill.

Suggested

Readings

Grewal T. S., Double Entry Book Keeping System, Tata McGraw Hill Publication,

New Delhi.

Narayan swami R., Financial Accounting: A Managerial Perspective, PHI Learning.

Ranjan K Bal & Dash Ashutosh, “Financial Accounting for Professional Students,

S. Chand & Co. New Delhi.

Dr. S.N. Maheshwari; Financial Accounting, Vikas Public House Pvt. Ltd, New

Delhi.

Paper Code: CO11302 Management Accounting (2 - 1 - 0 3)

Objective:-

To apply various management accounting techniques to all types of

organization for planning, decision making & control purposes in practical

situation.

Unit 1 Meaning, Scope and limitation of management accounting, distinction between

financial accounting, management accounting and cost accounting; role of

management accountant in decision-making; Cost analysis: understanding about cost

behavior i.e., fixed, variable and semi-variable cost.

Unit 2 Break- Even- Analysis: meaning, Determination of BEP, MOS, BEP charts, Uses of

BEP for various changes in Cost & Selling Price, PV Graph. CVP Analysis: Concept

& Uses. Difference Between CVP & BEP. Management reporting system: Reporting

system in management types of reports.

Unit 3 Business budget: Concept and use budget in planning and control, types of budget-

fixed and flexible and cash budget, Master Budget, Production Budget, Rolling

budget. Variance analysis using standard costing system.

Suggested

Readings

Arora M N, A textbook of Cost and Management Accounting, Vikas Publishing

House Pvt Ltd, New Delhi

Khan and Jain, Management Accounting: Cases, Text & Problems, Tata McGraw

Hill, New Delhi.

Maheshwari, S.N., Principles of Management Accounting, Sultan Chand and Sons,

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New Delhi.

Paper Code: CO11303 Legal Aspects of Company (2 - 1 - 0 3)

Objective:-

To develop an understanding for the regulation of registered companies and to

provide understanding of the various provisions, schedules and rules of the

Indian company Law.

To provide conceptual understanding of the principles of Co- operative law.

Unit 1 Meaning & Nature of company, Classification of companies (Public, Private, Govt.

companies and Deemed Public Company), Formation of Company, MOA , AOA,

Prospectus. Management of Companies: Board of directors, Managing Director, whole

time Director, appointment, Rights, Duties, Liabilities and remuneration.

Unit 2 Company Investigation, Prevention of Oppression and Mismanagement. Management

and administration – general provisions – registered office and name, restrictions on

commencement of business, registers of members and debentures holders, foreign

registers of members or debenture holders, annual returns, general provisions

regarding registers and returns, meetings and proceedings.

Unit 3 Company Secretary: Definition, appointment, Qualities, Positions and duties. The

duties of a company secretary with reference to Allotment of Shares, forfeiture of

Shares, Re-issue of shares, Transfer & Transmission of shares, Payments of Dividend.

Registration of charges Winding up : Kinds & Legal Provisions.

Suggested

Readings

N.D. Kapoor; Elements of Mercantile Law, S. Chand & Sons, New Delhi.

Bagrial A.K.; Company Law, Vikas Publishing House, New Delhi.

Dr. R.L. Nolakha; Business Law, Ramesh Book depot.

Paper Code: CO11304 Organizational Management (3 - 0 - 0 3)

Objective:-

The course aims to provide insights to understand behavioural processes at

individual, team & organization level.

To enable students to learn how to influence the human behaviour in

organization.

Unit 1 Nature, meaning and significance of management; Managerial processes, functions,

skills, and roles in organisation.

Unit 2 Overview of functions of planning, organising, staffing, directing and controlling.

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Unit 3 Concept of Managerial Ethics, Social responsibility, and Value based Management.

Suggested

Readings

Harold Koontz, Principles of Management, Tata Mc Graw Hill Publication.

Stoner A. F., Management, Pearson Publication 1995.

L M Prasad, Principles and Practices of Management, Sultan Chand & Sons, New

Delhi

Paper Code: CO11305 Management Information System (3 - 0 - 2 4)

Objective:-

To provide the students an understanding of Management Information System

and use of information technology in business.

To create awareness about system concepts.

Unit 1 Introduction to Management information System: definition, components, types;

informational needs; systems concept; application of information systems in business

organisation; Internet connection option, ISPs, search and resource discovery.

Unit 2 Introduction to information system technology: hardware and software resources,

database management systems :- Database definition, types of structures, DBMS

software-creating, editing, modifying, searching and sorting databases, creating and

printing formatted reports, designing custom screen displays, multiple data files –

RDBMS. Creating view, index, sorting, join, union of different database tables

executing queries., telecommunication and networking systems.

Unit 3 Building information systems: Life cycle and prototype approach; Decision support

system and enterprise information system; information system security and control.

Suggested

Readings Laudon K C and Laudon J P, Management Information systems: Managing the

digital Firm, Prentice Hall India Ltd., New Delhi

O Brain, Management information System: Managing Technology, Galgotia

Publication.

Jaiswal Mittal, Management information System, Oxford, New Delhi

Jawadekar, Management information System, Tata McGraw, New Delhi

Goyal D.P. “ Management Information System, Macmillan Indian Ltd. (2010)

Paper Code: CO11306 Seminars / Presentations { 0 – 0 - 4 = 2 }

The Seminars / Presentations are the part and parcel of Organizational Management &

Management Information System Subject.

SEMESTER – II

Paper Code : CO12301 Advance Auditing (2 - 1- 0 3

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Objective:-

To gain expert knowledge of current auditing practice & procedure and apply

them in auditing engagements.

To develop ability to solve cases relating to audit engagement.

Unit 1 Auditing Standards:- Auditing and Assurance Standards (AASs); Statements and

Guidance Notes on Auditing issued by the ICAI; Significant differences between

Auditing and Assurance Standards and International Standards on Auditing.

Audit strategy, planning and programming:- Planning the flow of audit work; audit

strategy, planning programme and importance of supervision: review of audit notes

and working papers; drafting of reports; principal’s ultimate responsibility; extent of

delegation; control over quality of audit work; reliance on the work of other auditor,

internal auditor or an expert.

Unit 2 Risk Assessment and Internal Control:- Evaluation of internal control procedures;

techniques including questionnaire, flowchart; internal audit and external audit,

coordination between the two.

Audit under computerized information system (CIS) environment

Special aspects of CIS Audit Environment, need for review of internal control

especially procedure controls and facility controls. Approach to audit in CIS

Environment, use of computers for internal and management audit purposes: audit

tools, test packs, computerized audit programmes; Special Aspects in Audit of E-

Commerce Transaction.

Unit 3 Special audit techniques:- Selective verification; statistical sampling: Special audit

procedures; physical verification of assets, direct confirmation of debtors and

creditors. Analytical review procedures, Risk-based auditing.

Special features of audit of banks, insurance companies, co-operative societies and

non-banking financial companies. Rights, duties, and liabilities of auditors; third party

liability.

Suggested

Books

R.B. Patel; Advance Accounting & Auditing Theory & Practice, Shree Niwas

Publication(2010).

Surbhi Bansal; Advance Auditing & Professional Ethics for CA Final, Bestword

Publication. (2011)

Sanjib Kumar Basu; Auditing Principles & Techniques, Pearson Publications.

(2006).

Paper Code: C012302 Direct Taxes – I (2- 1- 0 3)

Objective:-

To gain advance knowledge of the provisions of direct tax Laws.

To acquire the ability to apply the knowledge of the direct tax laws to various

situations in actual practice.

Unit 1 Introduction & Definitions of Basic Terms (Assessment, Assessment year, Assesse,

previous year, Resident & Non Resident, Non Resident Indian Residing outside India),

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Tax administration & Authorities, Residential status and incidence of tax, computation

of taxable income under the salary head.

Unit 2 Computation of taxable income from House Property head, business or profession.

Deemed Income, Exempted Income, Agricultural Income.

Unit 3 Income from capital gain. Taxable income from other sources. Aggregation of

clubbing of Income, Set off and Carry Forward of Losses.

Suggested

Books

Patel Choudhary; Income Tax, Choudhary Prakashan, Jaipur.

Monica Singhania, Income Tax Ready Reckoner, Taxmann Publication Pvt. Ltd.

(2012)

N. Hariharan, Income Tax: Laws & Practice, Tata Mc Graw Hill Education.

V.K. Singhania “ Student Guide to Income Tax, Taxmann Publication Pvt. Ltd.

(2012)

Paper Code: CO12303 Financial Management (2 - 1- 0 3)

Objectives:-

To develop ability to analyse and interpret various tools of financial analysis & planning.

To understand concepts relating to financial & investment decision.

To gain knowledge of managing & financing of working capital.

Unit 1 Financial Management: Meaning, Scope, Importance and Limitations. Tasks and

responsibilities of Modern finance manager, Ratio Analysis: Liquidity, Profitability,

Activity and Leverage Ratios. Cost of Capital. Operating & Financial Leverages.

Dividend policy.

Unit 2 Capital Structure: Planning & Theories. Capital Budgeting: Meaning, Traditional &

Modern Techniques. Risk Analysis in Capital Budgeting – Nature of Risk/statistical

techniques for risk analysis – Risk analysis in practice – sensitively analysis –

Scenario analysis simulation analysis – Decision trees for sequential investment

decisions – Utility theory and capital budgeting

Unit 3 Fund Flow Analysis, Cash Flow Analysis, difference between Fund Flow and Cash

flow, difference between Cash Budget and Cash Flow. Management of Working

Capital : Concept, Nature, types, methods of estimating WC.

Suggested

Readings I.M. Pandey, Financial Management, Vikas Publication. (4

th Edition)

M.R. Agarwal, Financial Management, Garima Publications, Jaipur.

Bhattacharya (2003). Financial Accounting for Business Managers. Prentice Hall of India,

New Delhi. Saraswat, Bhatnagar; Financial Management, Ramesh Book Depot.

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Paper Code: 12304 Cost Accounting & Decision Making (3 - 1- 0 4)

Objectives:-

To familiarize the students with the various concepts and elements of cost.

To exposes the students to the tools & techniques used in product & price

decision for controlling the cost.

Unit 1 Concept of cost, classification of cost, cost information for management decision

(Cost Sheet), Meaning of Marginal Costing and difference between marginal costing

& Absorption

Unit 2 Product & Product Decision: expansion / Contraction in capacity, dropping or Adding

a product, Taking Decision to make or buy, Choosing Production Mix, analysis of the

effect of alternative prices. Installation of Costing System, treatment of research &

development costs. Computer applications in Cost Determination.

Unit 3 Pricing Decision, Marketing & Distributing Decisions: Differential Pricing, Lowest

bid tender pricing, treatment & control or rejections, defectives, obsolescence, wastage

and spoilage. Cost reduction Programmes and Planning. Employees participation in

cost reduction. Productive accounting implication of computers for management

control.

Suggested

Readings

N.K. Sharma; Advance Cost Accounting, Abd Publications (2001).

R. Jaya Prakash Reddy, Advance Cost Accounting, Aph Publishing Corporation

(2005).

Paper Code: CO12305 Statiscical Quantitative Techniques (3 - 1- 0 4)

Objective:-

The objective of this paper is to acquaint the students with various statistical

tools and techniques used to business decision making.

Unit 1 Quantitative Techniques - An Introduction, Classifications of quantitative techniques;

applications of quantitative techniques to business and industry; limitations of

quantitative techniques Linear programming- Graphical and simplex method,

sensitivity analysis; assignment and transportation problems.

Unit 2 Decision theory; game theory; replacement analysis; elementary queuing theory;

simulation.

Unit 3 Networking techniques- PERT & CPM, crashing; Simulation and Markov Analysis

Suggested

Readings

Levin, R.I. and Rubin, D.S: (2000). Statistics for Management, Pearson Publication.

Kapoor, V.K. (1999). Operations Research. Sultan Chand and Sons, New Delhi.

Sharma, J.K. (2001). Operational; Research : Theory & Aptitude, Macmillan India

Ltd., New Delhi.

Paper Code: CO12306 Managerial Economics (3 - 1- 0 4)

Objectives:-

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The course is mainly analytical in nature and focuses on clarifying fundamental

concepts from micro economics view point.

The students are expected to study and analyse the dynamics of managerial

decision making through this course.

Unit 1 Introduction: definition of Managerial Economics, its role in business decisions,

Economics Laws, Static & Dynamic Economics, Micro & Macro Economics,

Economics Models: Meaning, types and Purpose. Basic problems of an economy.

Consumer Behavior: Meaning, Utility concept, types of utility, Cardinal Demand

Theory, law of substitution, consumer surplus. National Income : Meaning and

Measurement.

Unit 2 Concept of demand, Law of Demand and Elasticity of Demand and methods of

elasticity measurement. Law of supply and elasticity of Supply.

Indifference Curve Analysis: Meaning, Characteristics, and consumer equilibrium,

price effect, Income effect and substitution effect. Cost Concepts and Classification,

Determination of short term and long term costs. Revenues: meaning and Types.

Unit 3 Production function Analysis: Factors of production, laws of production, Stages of

production, Return to Scale, ISO – Product Curve. Difference between IC and ISO

Curve. General theory of Value, Market Definition and Classification, Price and

Output Determination under perfect and imperfect competition, oligopoly and

monopoly.

Suggested

Readings

Mehta P. L., Managerial Economics: Analysis, Problems and Cases, Sultan Chand & Sons,

New Delhi.

Ahuja H. L. Managerial Economics, S. Chand & Sons.

Damodaran Suma; Managerial Economics, Oxford Publication.

Anoop Atrey; An Introductory of Microeconomics & Macroeconomics, Genius

Publishing India.

Gupta , Managerial Economics, Tata Mc Graw Hill Education.

Paper Code: CO12307 Seminars / Presentations { 0 – 0 – 2 1 }

The Seminars / Presentations are the part and parcel of Managerial Economics

Subject.

FINAL YEAR

SEMESTER - III

Paper Code: CO13301 Direct Taxes – II (2 - 1- 0 3)

Objectives:-

To gain knowledge of various deductions relating to computation of total

taxable income of an individual, H.U.F. & Partnership Firms.

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To gain working knowledge of various provisions of TDS calculation & wealth

tax in India.

Unit 1 Deductions From Gross Total Income, Calculation of Total Income, Computation of

total income and tax liability of an individuals, H.U.F & Partnership Firms. Advance

payment of tax. Assessment procedure. On line Income Tax Return filling, on line Tax

Paid, Status of Tax Refund, Form 16 filling.

Unit 2 An overview of Wealth Tax Act 1957 and Wealth Tax Rules. Important terms and

definitions- Valuation date, assessment year, meaning of asset net wealth, Debt,

Deemed asset, exempted assets. Valuation of immovable property & Jewellery,

computation of Net Assets. Computation of Net wealth and Wealth Tax. Assessment

procedure, Tax Rates, wealth Tax Authorities, Exemptions, Appeal, Penalty,

Collection, Recovery and Refund of wealth Tax.

Unit 3 TDS – Overview, Meaning, Deductor, Deductee, TDS Certificate, types of TDS

certificate, types of Payee. TAN ( Tax Deduction A/c No.) – Meaning, Apply for

TAN, Status of TAN, Rates of TDS in India. Types of Payment – Relevant

provisions, Persons responsible for deduction of Tax. TDS Challen Form Filling,

Procedure for E- payment, On line TDS Return filling, procedure for filling, Quarterly

statements, correction statement, clarification regarding Form 24 Q, Revised Returns.

Appeals and penalties.

Suggested

Books

Vinod K. Singhania; Direct Taxes Ready Reckoner, Taxmann Publishing Pvt. Ltd.

(2011).

Taxmann; Wealth Tax Act & Securities Transactions with Rules, Taxmann

publication (2011).

Patel Choudhary; Income Tax, Choudhary Prakashan, Jaipur.

Bhagwati Prasad; Law & Practice of Income Tax in India.

Paper Code: CO13302 Financial Reporting (3 - 0- 0 3)

Objectives:-

To gain ability to analyse financial statements including To gain ability to

analyse financial statements including consolidated financial statements of

group companies and financial reports of various types of entities.

To gain ability to apply valuation principles.

To familiarise with recent developments in the area of financial reporting.

Unit 1 Overview of International Accounting Standards (IAS)/International Financial

Reporting Standards (IFRS), Interpretations by International Financial Reporting

Interpretation Committee (IFRIC), Significant difference vis-a-vis Indian Accounting

Standards. Understanding of US GAAP, Applications of IFRS and US GAAP.

Corporate Financial Reporting - Issues and problems with special reference to

published financial statements.

Unit 2 Accounting and Reporting of Financial Instruments:- Meaning, recognition,

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derecognition and offset, compound financial instruments Measurement of financial

instruments, Hedge accounting

Share based payments:- Meaning, Equity settled transactions, Transaction with

employees and non – employees Determination of fair value of equity instruments

Vesting conditions, Modification, cancellation and settlement.

Unit 3 Financial Reporting by Mutual funds, Non-banking finance companies, Merchant

bankers, Stock and commodity market intermediaries. Valuation of :-

(a) Concept of Valuation

(b) Valuation of Tangible Fixed Assets

(c) Valuation of Intangibles including Brand Valuation and Valuation of Goodwill

(d) Valuation of Liabilities

(e) Valuation of Shares

(f) Valuation of Business

Developments in Financial Reporting

(a) Value Added Statement

(b) Economic Value Added, Market Value Added, Shareholders’ Value Added

(c ) Human Resource Reporting

(d) Inflation Accounting.

Suggested

Readings

Kulkarni; International Financial reporting Standards, Sonali Publications.(2009).

Jasmine Kaur; IFRS- A Practical Approach , Tata McGraw Hill Education Pvt. Ltd.

(2011).

Paper Code: CO13303 Indirect Taxes – I (2 -1- 0 3)

Objectives:-

To gain expert knowledge of the principles of the laws relating to service tax &

VAT.

To acquire the ability to apply the knowledge of the provisions of the above

mentioned laws to various situations in actual practice.

Unit 1 Service tax – Meaning, Importance, general principles, Service tax in India, Law

relating to service tax, charge of service tax Sec. 66, Exemptions, Registration Sec

69:- Time limit, centralized registration, issue of registration certificate.

Unit 2 Valuation of various taxable services for charging service tax Sec 67, Payment of

service tax, treatment of Advances & Deposits, Furnishing of Returns of Service tax

Sec 70 & Sec 71, E- filling of Return.

Unit 3 VAT – Meaning, Importance in India, Evolution in India, Difference Between VAT &

CST, Coverage of Goods under VAT, Classification of Commodities, VAT Rates,

VAT Rules, Origin Principle & Destination Principle, Variants of VAT, Methods of

VAT calculation:- Addition method, Invoice Method & subtraction Method),

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Components of Calculation VAT, Advantages of VAT, Limitations of VAT, General

Requirement for VAT system, On line VAT filling, VAT in Rajasthan,

Suggested

Readings

Ahuja Girish, Gupta Ravi; Systematic approach to Income Tax, service Tax & VAT,

Bharat Law House pvt. Ltd. New Delhi.

Taxmann; Indirect Taxes Laws, Taxman Publications Pvt. Ltd. (2011)

Kamal Grag; Goods & service Tax, Bharat Law House Pvt. Ltd. (2009).

Gupta Atul Kumar; An Introduction to Service Tax, Bharat Law house Pvt. Ltd.

M.P. Srivastava & S.R. Singh; Economics of VAT, Aph Publishing Corporation

(2012).

Paper Code: CO13304 Computerized Financial Accounting (3 -0- 2 4)

Objectives:-

To familiarize students with the fundamentals of computerised system of

accounting (Tally).

To gain working knowledge of procedure of accounting statements, Tax

accounts, Inventory Management etc.

Unit 1 Computerized Financial Accounting: Meaning, Need, Importance Objective, Basic

Concepts of Accounting, Journalizing the transactions, Trial Balance & final Accounts

(Trading, Profit & Loss and Balance Sheet), Adjustment entries, Display and reporting

of accounting statements, Preparation of Project using all practical tools. Traders

Financial A/c : Customer supplier profile, sales, purchase, voucher entry as per types

of voucher, B/R, Outstanding report, Interest calculation.

Unit 2 Inventory Management: Need and Importance of Inventory Management, Vouchers

for Inventory transactions, maintaining store ledger, Display and reporting of

Inventory statements. Accounting with Inventory: Need and importance of updating

inventory with accounting entries, Vouchers for combined entries, creation of stock

and ledger items, precautions of inventory reports in different styles.

Unit 3 Data Maintenance : security , Export of Tally Data, Import of Tally Data, Tally XML,

Internet connectivity.

Tax Accounting : Fringe Benefit tax, TDS, VAT, CST, Excise Duty, Service Tax,

Payroll a/c – report, voucher, employee loan.

SAP ( System Application Products) :- Meaning, Functions & Financial A/c Module.

Suggested

Readings

A.K. & K.K. Nadhani, Implementing Tally 9, BPB Publications.

Dinesh Maidasani, Mastering Tally ERP 9, Laxmi Publications.

Paper Code: CO13305 Corporate Tax Planning (3 -0- 0 3)

Objective:-

The main objective of this course is to make the students conversant with the

concept corporate tax planning & familiarize them with Indian tax laws and

their implications corporate management.

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Unit 1 Concept of Tax Planning, Tax Avoidance and Tax evasions, Corporate Taxation and

Dividend Tax. Tax Planning with reference to Location, Nature and Form of

organization of New business. Tax planning relate to capital structure decision,

dividend policy, inter-corporate dividends and bonus shares.

Unit 2 Tax Planning & managerial Decision: Tax planning in respect of own or lease, sale of

assets used for scientific research, make or buy decision, Repair, Replace, renewal or

renovations and shutdown or continue decisions. Tax deduction and collection at

source.

Unit 3 Tax provision related to free trade zones, infrastructure sector and backward areas,

Tax incentives for exporters. Tax planning with reference to amalgamation of

companies.

Suggested

Readings

Lakhotia R.N. Corporate Tax Planning, Vision Publication Delhi.

Singhania V.K. Direct Taxes Law & Practice , Taxmann Publication, Delhi.

Paper Code: CO13306 Summer Industrial Training (0 -0- 8 4)

Objective:-

The objective of the summer training programme is to impart training to the students in business

units. During the period of training a student undergoes training in acquiring skills for managing

business in the light of the theoretical concepts, tools, techniques which they acquire in the

classroom teaching.

In the end of Second semester the students has to go for industrial training for a period

of 8 weeks, in Government/ Private Industries & Offices. The students have to go for

training on the subject of their related course. The student shall maintain a logbook on

daily basis At the end of the industrial training the student shall submit a training report

along with the logbook maintained on daily basis during the period of training and the

performance appraisal from Industry / Office. The training report is to be prepared by

the student in two typed copies and one copy to be submitted to the HOD within the

stipulated time for assessment.

The report will be assessed by the internal examiner and only on the basis of a

certificate of the examiner concerned that the training has been satisfactorily completed

would the student be allowed to appear for the viva-voce of the third semester. The

training report will be assessed by a panel of examiners comprising of one / two

external examiners and one internal examiner.

Communication Skills (Technical Writing)

G13004 Credit(s): 3-0-0-3

Unit- 1

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Communication: Language and communication, differences between speech and writing, distinct

features of speech, distinct features of writing.

Unit- 2

Writing Skills: Selection of topic, thesis statement, developing the thesis; introductory,

developmental, transitional and concluding paragraphs, linguistic unity, coherence and cohesion,

descriptive, narrative, expository and argumentative writing.

Unit- 3

Technical Writing: Scientific and technical subjects; formal and informal writings; formal

writings/reports, handbooks, manuals, letters, memorandum, notices, agenda, minutes; common

errors to be avoided.

Suggested Books

1. M. Frank. Writing as thinking: A guided process approach, Englewood Cliffs, Prentice Hall Reagents.

2. L. Hamp-Lyons and B. Heasely: Study Writing; A course in written English. For academic and

professional purposes, Cambridge Univ. Press.

3. R. Quirk, S. Greenbaum, G. Leech and J. Svartik: A comprehensive grammar of the English

language, Longman, London.

4. Daniel G. Riordan & Steven A. Panley: “Technical Report Writing Today” - Biztaantra.

Additional Reference Books

1. Daniel G. Riordan, Steven E. Pauley, Biztantra: Technical Report Writing Today, (2004).

2. Contemporary Business Communication, Scot Ober, Biztantra, 5th Edition (2004).

SEMESTER – IV

Paper Code:- CO14301 Strategic Financial Management (3 -1- 0 4)

Objective:-

To apply Financial Management theories and techniques for statistic decision

making.

Unit 1 Financial Policy and Corporate Strategy:- Strategic decision making framework,

Interface of Financial Policy and strategic management, Balancing financial goals vis-

à-vis sustainable growth.

Indian Capital Market including role of various primary and secondary market

~ 19 ~

institutions, Capital Market Instruments

Financial derivatives – stock futures, stock options, index futures, index options

Option valuation techniques : Binomial model, Black Scholes Option Pricing Model,

Greeks– Delta, Gamma, Theta, Rho and Vega Pricing of Futures – Cost of carry

model Imbedded derivatives, Commodity derivatives, OTC derivatives -Swaps,

Swaptions, Forward Rate Agreements (FRAs), Caps, Floors and Collors.

Unit 2 Security Analysis:- Fundamental analysis - Economic analysis, Industry analysis and

Company Analysis, Bond valuation, Price Yield relationship, Bond Price forecasting –

application of duration and convexity, Yield curve strategies.

Technical Analysis – market cycle model and basic trend identification, different types

of charting, support and resistance, price patterns, moving averages, Bollinger Bands,

momentum analysis.

Unit 3 Portfolio Theory and Asset Pricing:- Efficient Market Theory – Random walk theory,

Markowitz model of risk return optimization, Capital Asset Pricing Model (CAPM),

Arbitrage Pricing Theory (APT), Sharpe Index Model.

Portfolio Management - Formulation, Monitoring and Evaluation, Equity Style

Management

Principles and Management of Hedge Funds, International Portfolio Management.

Suggested

Books

Meena Goel; Strategic Financial Management, Dreamtech Press (2001).

V Pattabhi Ram, S.D. Bala; Startegic Financial Management, Snowwhite (2011).

Jakhotiya G.P.; Startegic Financial Management, Vikas Publishing House (2003).

Bharti V. Pathak; The Indian Financial: Markets, Institutions & Services (2011)

Pearson Publications.

Paper Code: CO14302 Indirect Taxes – II (3 -1- 0 4)

Objectives:-

To gain expert knowledge of the principles / laws relating to Central Exercise

& Custom duty.

To acquire the ability to apply the knowledge of the provisions of the above

mentioned laws to various situations in actual practice.

Unit 1 The Central Excise Law, Goods, Excisable goods, Manufacture and manufacturer,

Classification, Valuation, Related Person, Captive, Consumption, CAS 4, CENVAT.

Basic procedures, Export, SSI, Job Work., Assessment, Demands, Refund,

Exemptions; Powers of Officers., Adjudication, Appeals, Settlement Commission,

Penalties .

Unit 2 Central Excise Audit and Special Audit under 14A and 14AA of Central Excise Act,

Impact of tax on GATT 94, WTO, Anti Dumping processing; Tariff Commission and

other Tariff authorities

Unit 3 Custom Duty Act: Introduction & definitions, officers of customs and their powers.

Tax liabilities and valuation of goods, computation of custom duty, penalties and

Prosecution.

~ 20 ~

Suggested

Readings

Taxmann; Indirect Tax Laws, Taxmann Pulication Pvt. Ltd.

V.S. Datey; Elements of Income Tax, Taxmann Publication Pvt. Ltd. (2009)

Paper Code: CO14303 Management & Operational Audit (3 -0- 0 3)

Objectives:-

To gain expert knowledge of current auditing practice and procedures and

apply them in auditing engagements.

To develop ability to solve cases relating to management audit, cost audit &

operational audit.

Unit 1 Concept of management audit, nature & Purpose, management audit Programme,

specific areas audit involving internal control, purchasing operations, manufacturing

operations, selling & distribution of policies, personal policies, Appraisal of

management decisions. Special Audit, problems of banks, performance / efficiency

audit of companies.

Unit 2 Basics of internal audit and operational audit :- Concept of internal and operational

audit, Internal Audit - techniques and procedures, Internal Audit Report., Operational

audit – techniques and procedures, Operational audit report, Special reports for banks,

shareholders, employees etc., evaluation of internal control system, budgetary control

system, inventory control system, management information system.

Various types of audit and their process:- Productivity audit, Inventory audit, VAT

Audit. Special audit under excise , service tax and customs records by cost accountant,

Qualities of good certificate/report, Bank Audit and Concurrent Audit, Systems Audit.

Unit 3 Cost Audit: Nature , Objectives & Scope, cost audit leading to other services, Cost

Audit and Financial Audit.

Cost Auditor: Qualification, Appointments & engagement, Rights, Duties and

responsibilities – Professional and legal – under companies Act 1956, relationship

between statutory financial auditor, cost auditor and internal auditor. The Cost Audit

Reports: contents of reports as per cost Audit records Rules u/s 233 (b) of companies

Act 1956, review of cost audit reports by Government.

Suggested

Readings

Choudhary D.; Management Audit & Cost Audit, New Central Book Agency, Calcutta. Ramanathan; Cost & Management Audit, Tata McGraw Hill, New Delhi. Kolkata. Tikhe J.G.; Cost Audit & Management Audit, Banglore. Cona W.L. ; Management Audit, Prentic Hall. Rose T.G.; Management Audit, Gel & Co. London

Paper Code: CO14304 Project Planning, Control (3 -0- 0 3)

Objectives:-

The students learn the process & issues relating to preparing, appraisal &

monitoring projects.

To acquaint the students about the financing of infrastructure projects.

~ 21 ~

Unit 1 Project : Meaning, definition, Characteristics, project identification : Project ideas,

Screening of ideas, Environmental Scanning and opportunity analysis, project life

cycle, causes of project failure, project feasibility analysis : market technical and

Financial analysis.

Different sources of finance, Project financing – intermediate and long term financing,

Negotiating term loans with banks and financial institutions and appraisal thereof,

Introduction to lease financing, Venture capital finance.

Project Location & Layout : Project Location and site location, Project layout

methods.

Unit 2 Project Budgeting Methods : Pay Back , ARR, IRR, Modified IRR, Zero Base

Budgeting, Social Cost Benefit Analysis.

Project organization Structure, setting up of organization structure, project manager:

qualifications, selections and training ; Role & Responsibility of a project manager.

Marginal costing Technique for project design, role of development Financial

Institutions.

Unit 3 Project Control :- Time control- scheduling and control by network techniques like

PERT and CPM , Cost Control- Budgetary controls and Quality Control, Project

Financing : Meaning, scopes Merits & demerits. Line of Balance (LOB). Detail

project report preparation by students on any business

Suggested

Readings Chandra Prasanna, Project Management, Tata McGraw Hill, New Delhi

Maylor, Harvey (2004), Project Management, 3/e, Pearson Education, New Delhi

Paper Code: CO14305 Strategic Cost Management (3 -0- 0 3)

Objectives:-

The course provides extensive coverage of new strategic management tools

used in the decision making.

To impart the knowledge of controlling cost of business in the present

competitive markets.

Unit 1 Importance of analyzing cost, managing cost, cost management: areas of cost

management, cost management and cost accounting, tools and techniques of cost

management, role of cost accounting in strategic planning and management control.

Strategic cost management issues in different elements of cost; material, labour.

Unit 2 Cost management issues in overheads, Activity Based costing: Inadequacies of

traditional methods of overhead absorption, ABC Kaplan and Co-operates approach to

ABC cost drivers and cost pools, allocation of overheads under ABC, Characteristics

of ABC, benefits from adaptation of ABC System.

JIT - features, methodology in implementation of JIT, Benefits of JIT.

Unit 3 Life cycle Costing: Meaning, phases in product life cycle, characteristics, product life

cycle and cost control. Experience curve in product life cycle costing. Project life

cycle costing, categories of project life cycle costs, optimization of project life cycle

costs.

Target costing: Definition, Meaning and Nature of target costing, target costing

methodology, methods of establishment of costs.

~ 22 ~

Suggested

Readings

S.C. Vaidya; Cost Management & Strategic Approach, Mac Millian India, New

Delhi. (2008).

John Shank, Vijay Govindarajan; Strategic Cost Management: The New Tool for

Competitive Advantage, free Press (Nov. 2008).

Paper Code: CO14306 Seminars / Presentations { 0 – 0 - 4 = 2 }

The Seminars / Presentations are the part and parcel of Project Planning & Control,

Management Audit Subjects.

Paper Code: CO14307 Project Study (0 -0- 10 = 5)

Objective:-

The objective of the project study is to help the student develop ability to apply multi- disciplinary

concepts, tools and techniques to solve organizational problems.

Student have to select a topic for research project from the elective course under the

guidance of an internal Teacher and submit the same to the HOD. The project report is

to be prepared by the student in two typed copies and to be submitted to the HOD

within the stipulated time for assessment. The report will be assessed by the internal

examiner and only on the basis of a certificate of the examiner concerned that the

project report has been satisfactorily completed that would the student be allowed to

appear for the viva-voce of the sixth semester.

The evaluation and viva voce will be after the completion of the project work and

submission of the project report. The final evaluation and viva voce will be conducted

by a panel of examiners including the internal guide.