A comprehensive three-year undergraduate program designed to provide strong foundation in commerce, accounting, economics, and business management.
Introduction: Concept, Nature, Process and Significance of Management; Managerial roles (Mintzberg); Overview of functional areas of Management; Development of management thought; Classical and Neo-classical System; Contingency approach. Planning: Concept, Process and types; Decision-Making: Concept and Process: Management by Objectives
Organising: Concept, Nature, Process and Significance; Authority and Responsibility relationships; Centralisation and Decentralization; Departmentation; Organisational Structure- Forms and Contingency factors. Corporate Planning; Environment Analysis and Diagnosis; Strategy Formulation.
Direction: Concept and Techniques, Managerial Control- Concept and Process, Effective Control System. Techniques of Control; Motivation and Leading people at work: Motivation-Concept, Theories-Maslow, Herzberg, McGregor and Quchi, Financial and Non Financial Incentives, Leadership- Concept and Leadership styles, Likert's Four system of Leadership
Coordination as an essence of Management, Communication- Nature, Process, Networks and Barriers. Effective Communication. Management of change: Concept, Nature and Process of Planned Change, Resistance to change, Emerging Horizons of Management in a changing environment.
Nature and scope of Accounting; Accounting concepts and conventions, Indian and International Accounting standards. Accounting Mechanics: Double Entry System, Preparation of Journal Ledger and Trial Balance, Concept of Income and its Measurement. Preparation of Final Statement.
Royalty Accounts, Hire Purchase and Instalment Payment System, Insolvency Accounts
Departmental Accounts, Branch Accounts, Double Account System.
Accounts of Insurance Companies, Computation of Fire Insurance claims Accounts of Banking companies Voyage accounts, Empties Accounts
Law of Contract (1872); Nature of Contract, Classifications of contract, Offer and Acceptance, Capacity of parties to Contract, Fee Consent: Consideration, Legality of object, Agreement declared Void Performance of Contract, Discharge of Contract, Remedies for Breach of Contract, Discharge of Contract.
Special Contracts, Indemnity, Guarantee, Bailment and Pledge Sale of Goods Act 1930: Formation of contract of sale, Goods and their classifications, Price; Conditions and Warranties; Transfer of Property in goods; Performance of the Contract of Sales; Unpaid Seller and his rights.
Definition of Negotiable Instructions; Features; Promissory Notes; Bill of Exchange and Cheque Holder in due course. Crossing of a cheque and Negotiable Instrument Act, 1881 its types, Negotiation and Assignment. Dishonor and Discharge of Negotiable Instrument.
The Consumer Protection Act, 1986: Salient features, Definition of Consumer, Grievance redressal machinery, Foreign Exchange Management Act, 2000.
Introduction: Nature and scope of Business Economics, Utility; Meaning, Kinds, & Measurement of utility, Law of Demand, Law of marginal diminishing utility, Elasticity of Demand; Concept and measurement of elasticity of demand, Price, Income and Cross Elasticity, Determinants of Elasticity of Demand, Importance of elasticity of demand.
Theory of Cost: Short run & Long run Cost Curve-Traditional and Modern approaches. Production function: Law of Variable proportion; Isoquants; Economic Regions and Optimum factor Combination; Expansion Path; Ridge lines, Returns to scale; Internal and external economics and diseconomies.
Price-Output decisions under different market conditions - Perfect and Imperfect Competition, Monopoly, Monopolistic competition, Oligopoly, Duopoly, Non-price competition, Price discrimination and produce differentiation.
Theory of Distribution: Marginal Productivity Theory and Modern Theory, Wage-Meaning, Determination of wage Rate under perfect competition and Monopoly, Rent concept: Ricardian and Modern Theories of Rent; Quasi-rent. Interests - Concept and Theories of Interest, Profit – Concept and Theories of profit.
Introduction to Statistics: Meaning, Scope, Importance and Limitation, Managerial Application, Statistical Investigation- Planning and organization, Statistical units, Methods of Investigation, Census and Sampling. Collection of Data- Primary and Secondary Data, Editing of Data- Classification of data, Frequency Distribution and Statistical Series, Tabulation of Data- Diagrammatical and Graphical Presentation of Data. Analysis of Data, Interpretation of Data.
Measures of Central Tendency – Mean, Median, Mode, Geometric and Harmonic Mean; Dispersion – Range, Quartile, Percentile, Quartile Deviation, Mean Deviation, Standard Deviation and its Co-efficient, Co-efficient of Variation and Variance, Test of Skewness and Dispersion, Its Importance, Co-efficient of Skewness.
Correlation- Meaning, application, types and degree of correlation, Methods-Scatter Diagram, Karl Pearson's Coefficient of Correlation, Spearman's Rank Coefficient of Correlation. Regression Analysis– Meaning, Importance, Simple Regression Equation. Standard error of estimates. Index Number: - Meaning, Types and Uses, Methods of constructing Price Index Number, Fixed – Base Method, Chain-Base Method, Base conversion, Base shifting deflating and splicing. Consumer Price Index Number, Fisher's Ideal Index Number, Reversibility Test- Time and Factor.
Interpolation and Extrapolation: Meaning, Importance Methods- Binomial, Newton's Lagrange's Analysis of Time Series:-Meaning, Importance and Components of a Time Series. Decomposition of Time Series:- Moving Average Method and Method of Least square. Business Forecasting.
Modern Office: Concept, Characteristics of Modern office, Importance, Functions, Central Office; Office organization:- Meaning, Process principles, Departmentalization of Office, Communication, Correspondence and system:- Meaning, importance of Mail, Meaning and importance of mail system.
Typing:- Meaning, Centralization and decentralization of Typing services, Duplicating:- Meaning, Process, Stationary; Office Filing system. Office Forms.
Office system and Procedure and Flow of work, Office report Indexing, Office Machine and Furniture, work Simplification office Manuals.
Office Reports, Personnel Management, Reception, Correspondence, Computer.
Issue, Forfeiture and Re-issue of Shares; Redemption of Preference Shares; Issue and Redemption of Debentures, Underwriting of Shares and Debentures.
Profits prior to Incorporation, Final Accounts, Valuation of Goodwill and Shares.
Accounting for Amalgamation of Companies as per Indian Accounting Standard 14; Accounting for Internal Reconstruction, Liquidation of Companies.
Consolidated Balance Sheet of Holding Companies with one subsidiary only. Analysis of Financial Statement-Various Techniques Statement of changes in Financial Position on cash basis and working Capital basis, Familiarity with Indian Accounting Standard-3.
Introduction: Nature and Scope of marketing; importance of marketing as a business function, and in the economy; Marketing concepts- traditional and modern; selling Vs. Marketing; marketing mix; marketing environment. Consumer behavior and market segmentation: Nature, scope and significance of consumer behaviour; Market segmentation- concept and importance; Bases for market segmentation.
Product: Concept of product, Consumer and industrial goods; Product planning and development; Packaging role and functions; Brand name and Trade Mark; After Sales Services; Product Life cycle concept. Price: Importance of price in the marketing mix Factors, affecting price of a product/Service; Discount and rebates.
Distribution Channels and Physical Distribution; Distribution Channels-Concept and Role; Types of distribution channels; Factors affecting choice of a distribution channel; Retailer and whole seller; physical distribution of goods; Transportation; warehousing; Inventory control; Order Processing.
Promotion: Methods of promotion; Optimum promotion mix; Advertising media: their relative merits and limitations, Characteristics of an effective advertisement; Personal Selling; Selling as a career; Classification of a successful sales person; Functions of Salesman.
Nature and Scope of Cost Accounting, Cost Vs. Management Accounting. Elements of Cost and their Classification, Methods and Techniques. Installation of Costing System, Concept of Cost Audit. Accounting for Material: Material Control, Techniques, Pricing of Material issues, Treatment of material losses.
Accounting for Labour: Labour Cost Control, Procedure, Labour turnover, Idle time and overtime. Methods of Wage Payment- Time and Piece Rates, Incentive Schemes. Accounting for overheads: Classification and Departmentalization, Absorption of Overheads, Determination of overhead rates, Under and Over Absorption and its treatment.
Cost Ascertainment: Unit Costing, Job Costing, Batch Costing, Contract Costing.
Operating Costing. Process Costing, Cost Records: Integral and Non-integral system; Reconciliation of Cost and Financial Accounts.
Indian Companies Act, 2013: Corporate Personality; Nature and Types of Companies, Conversion of Public Companies into Private Companies and vice versa. Formation, Promotion and Incorporation of Companies, Memorandum of Association; Articles of Association; Prospectus.
Shares; Share Capital; Members; Issue & Allotment of shares, Transfer and Transmission; Capital Management- Borrowing powers, Mortgages and charges, Debentures.
Management: Directors, Managing Director, Whole-Time Director. Company Meetings- Kinds, Quorum, Voting, Resolutions, Minutes.
Majority Powers & Minority Rights; Prevention of Oppression and Mismanagement. Winding Up- Kinds and Conduct.
Introduction: Meaning, Objectives and Importance of Auditing, Types of Audit. Limitation of Auditing. Audit Procedure: Audit programme, Audit Note Book, Audit Working Papers, Audit Files, Audit Evidence, Consideration for commencing an Audit, Routine checking and Test checking.
Internal Control: Meaning, Objectives and Auditor's duties, Internal Check System: Meaning, Objectives advantages and disadvantages, Auditors Duties. Internal Check as regards cash receipts, Cash Payments, Wages, Sales and Purchases. Vouching: Meaning, Objectives, Importance. Vouching of Cash Transactions and Trading Transactions. Verification of Assets and Liabilities: Meaning, Objectives and Verification of various Assets and Liabilities.
Audit of a Limited Companies: Appointment, Qualifications, Rights and Powers, Duties and Liabilities of a Company Auditor. Audit Report- Meaning, Importance and Scope, Clean and Qualified Audit Report, Audit Certificate, Audit of Divisible profits and Dividends.
Special Audit of Banking Companies and Insurance Companies. Special points in the Audit of Educational Institutions, Clubs and Hospitals, Nature and significance of Cost Audit; Tax Audit and Management Audit.
Introducing Business Communication: Basic forms of Communicating Communication Models and processes; Principles of Effective Communication; Theories of Communication; Audience Analysis. Self-Development and Communication: Development of Positive Personal Attitude; SWOT Analysis; Whole Communication.
Corporate Communication, Formal and Informal Communication, Networks; Grapevine; Barriers in Communication; Improving Communication. Practices in Business Communication: Group discussion; Mock interviews; Seminars; Effective Listening Exercises; Individual and Group Presentations and Report Writing.
Writing skills: planning business messages; Rewriting and editing, The first draft, Reconstructing the final draft; Business letters and memo formats; Appearance request letters, Good news and Bad news letter; Persuasive letters; Sales letters; Collection letters; Office Memorandum. Report writing: Introduction to a Proposal, Short report and Formal report, Report Preparation. Oral Presentation: Principles of Oral Presentations, Factors affecting Presentation, Sales Presentation, Training, Presentation, Conducting Surveys, Speeches to Motivate Effective Presentation Skills.
Non-verbal aspects of Communication: Body language. Kinesics, Proxemics, Para language, Effective listening, Factors affecting Listening Exercises; Oral, Written and Video Sessions; Interviewing skills: Appearing in Interviews, Conducting Interviews, Writing Resume and Letter of Application. Modern forms of communicating: Fax, E-mail, Video Conferencing etc. International Communication: Cultural Sensitiveness and Cultural Context, Writing and presenting in international situations, Inter-cultural factors in Interactions.
Income Tax: Meaning, Objectives and Importance, Definition of Important Terms as per Income Tax Act, 1961-Income, Gross Total Income, Total Income, Agricultural Income, Assessment Year, Previous Year, Assessee and Person, Residence and Tax Liability, Exempted Incomes, Computation of Taxable Income under Salary head.
Computation of Taxable Income from House Property, Profit and Gains from business and profession or Vocation, (with provision of Depreciation) Capital Gains.
Computation of Taxable Income from other sources, Aggregation of Incomes and Deemed Incomes. Set-off and Carry Forward of Losses, Deductions from Gross Total Income, Assessment of an Individual.
Assessment of H.U.F. and Firm, Assessment procedures:- Filing of Return, Types of Assessment, Tax Administration:- Authorities, Appeals & Penalties, Tax deduction at source, Advance payment of tax, Tax Management, Tax planning, Tax Evasion and Tax Avoidance.
Business Finance- Nature and Scope, Financial Management –Nature and Scope, Financial goals; Profit Vs. Wealth Maximization; Finance function- Investment, Financing and Dividend Decisions, Capital Budgeting:- Meaning, Nature, Importance, Investment Decisions and its major Evaluation criteria.
Cost of Capital- Meaning importance, Calculation of Cost of Debt, Preference Shares, Equity Shares and Retained Earnings, Combined (weighted) Cost of Capital. Capitalization- Meaning, Over Capitalization, Theory of Capitalization. Capital Structure- Meaning determinants and Theories.
Dividend Policies: Issues in Dividend policies; Dividend models. Sources of Funds: Long Term Funds, Short- term funds. Nature, significance and determinants of Working Capital.
Capital Market- (a) New Issue Market (b) Secondary market, Functions and role of Stock Exchange (BSE, NSE), Important Provisions of SEBI (Listing procedure and legal requirements, pricing and marketing of Public Issue). Money Market: Indian money markets- Composition and Structure, Acceptance and Discount houses and Call money market.
Indian Economic Environment: Concept, Components and Importance Economic Trends (overview): Income; Savings and Investments, Industry; Trade and Balance of Payments, Money; Finance; Prices.
Problems of Growth: Unemployment; Poverty, Regional Imbalances, Social Injustice; Inflation; Parallel economy; Industrial sickness. The Current Five Years plan: Major policies; Resources allocation.
Role of Government: Monetary and Fiscal Policy; Industrial policy; Industrial licensing. Privatization; Devaluation; Export-Import Policy; Regulation of Foreign Investment; Collaboration in the light of Recent Changes.
International Environment: International Trading Environment (overview): Trends in the World Trade and The problems of Developing Countries; Foreign Trade and Economic Growth; International Economic Groupings; International Economic Institutions. GATT, WTO, UNCTAD World Bank, IMF, GSP, GSTP; Counter Trade.
Entrepreneurship: Concept, Characteristics, Need, functions, Risk and Types of Risk. Entrepreneur; Characteristics, Qualities, Functions, Types, Emergence of Entrepreneurial class. Difference between Entrepreneurship & Entrepreneur. Difference between Entrepreneur & Manager. Theories of Entrepreneurship, Entrepreneurship & Environment.
EDP – Meaning Need, Objective, steps, outline, achievements and training programme, Institutions Established by the Government, Government Assistance and incentives. Women Entrepreneurship: Meanings, Characteristics, Qualities, Problems, Steps taken to help women entrepreneur.
Promotion of a venture: Concepts of Projects, Project Identification, Formulation and Report, Project Appraisal. Product Selection and Techniques. Raising of funds: Concept, Need, Types and Sources.
Small Business: Process of establishing Small Business, Nature, Objectives and Importance of Small Business. Role of Financial Institutions in financing of small business, Infrastructural facilities. Latest Government policy with regard to small business. Legal requirements for establishment of new unit. Entrepreneurial Consultancy process and methods, Monitoring techniques.
Money: Functions, Alternative measures to money supply in India and their different Components, Meaning and changing relative importance of each component, High Powered Money- Meaning and Uses, Sources of changes in high-powered money. Finance: Role of Finance in an economy, Kinds of Finance. Financial system: Components, Financial Intermediaries, Markets and Instruments.
Indian Banking System: Definition of Bank, Commercial Banks, Importance and Functions, Structure of Commercial Banking System in India. Balance Sheet of a Bank: Meaning and Importance of main Liabilities and Assets. Regional Rural Banks, Cooperative Banking in India. Process of Credit Creation by banks; Determination of money supply and total bank credit.
Development Banks and other Non –Banking Financial Institution: Main features. Problems and policies for Allocation of Institutional Credit: Problems between the government and the Commercial Sector, Inter-Sectoral and Inter- Regional Problems, Problem between large and small borrowers, Operation of Conflicting pressure before and after bank nationalization in 1969.
The Reserve Bank of India: Functions, Instruments of Monetary and Credit Control; Main Features of Monetary Policy Since Independence. Interest Rates: Various rates in India( as Bond Rate, Bill Rate, Deposit Rate, etc.); Administered rates and Market-determined rates; Sources of difference in rates of interest; Behaviour of average level of interest rates since 1951-Impact of Inflation and Inflationary expectations.
Indirect Tax: Meaning, Features, difference between direct & Indirect Tax Types of indirect tax before GST, Shortcoming of Indirect Tax system during pre GST Era. GST: Meaning, advantages, disadvantages, Evolution of GST, Structure of GST: CGST/IGST/SGST/UTGST, Important definition under GST Act. Machinery under GST: GST council, GST network, GST Authority. Concept of Supply: Meaning, Features, Types: Inter -state, intra- state, mixed composite, exempt supply.
Time of supply (TOS): Meaning, TOS of Goods & Services, TOS under Reverse Charge Mechanism, Invoicing provisions, provisions related with changes in GST rate. Place of Supply (POS): Meaning, POS of goods & service, intra state & Inter State supply. Value of Supply: Meaning, provisions related with determination of value of supply of goods & services, determination of GST liability.
Input Tax credit (ITC): Meaning, manner of utilization of ITC, Block credit, supply not eligible for ITC, Matching, reversal & Reclaim of ITC. Payment under GST: Manner of Payment of GST liability, concept of Electronic Cash, credit & liability ledger, refund of excess GST. Return: Meaning, purpose & Importance, different type of return, due date of filing return. Assessment under GST: Meaning, types-self assessment, provisional assessment, summary assessment, best judgment assessment.
Registration: Meaning, optional registration, compulsory registration, procedure for new registration, amendment & cancellation of registration. Composition Scheme: condition & restriction for composition scheme. Accounts & Records: manner of maintenance of accounts, period of retention of relevant records, Invoice: format, types- debit & credit note, vouchers. Audit: meaning, types-mandatory, departmental & special audit. Penalty under GST, E-way bill.