DEPARTMENT OF ACCOUNTING AND FINANCIAL MANAGEMENT

SYLLABUS OF M.COM. (PREVIOUS)

PAPER – I ADVANCED ACCOUNTING

UNIT – I

1. Accounting Framework : Accounting Concepts, Conventions Standards and

Policies.
2. Corporate Financial Reporting.

UNIT – II

1. Advanced problems on Company Final Accounts.

2. Accounting for Mergers and Acquisitions.

UNIT – III

1. Advanced problems on Consolidated Financial Statements (including problems

of one and more than one subsidiary)
2. Accounts of Electricity Companies.

UNIT – IV

1. Accounting for price level changes.

2. Accounting for Service Industries.
3. Accounting for VAT.
4. Recent/New trends in Accounting.

Reference Books :

1. Advanced Accounting Vol. – I & II by R.L. Gupta & M. Radhaswamy

2. Advanced Accountancy Vol. I & II by S.N. Maheshwari
3. Financial Accounting for Managers with CD by T.P. Ghosh.
 SYLLABUS OF M.COM. (PREVIOUS)
PAPER II ; COST & MANAGEMENT ACCOUNTING

UNIT – I
1. Process Costing : Meaning – Cost Accounting procedures in process industry –
Normal, Abnormal process Losses – Abnormal gains – Work in progress and its
valuation – Equivalent production – Inter process profits – Joint and by products.
2. Cost Account System : Cost Control Accounts – Non integrated Accounting
System – Intergrated Accounting System.

UNIT – II
1. Marginal Costing and Differential Costing, Marginal Cost – Marginal Costing –
Breakeven analysis – Breakeven Charts – Cost, volume, profit analysis – Key
Factors – Managerial decisions.
2. Managerial decisions – Differential costing – characteristics – concept of
relevant cost – Differential cost analysis – Comparison with Marginal Costing.
3. Cost Reduction and Cost Control – Introduction – Cost reduction and Cost
control P4rocesses – Short and long range Cost Control and Cost reduction and
Programme – Methods and techniques – Value engineering Programme.

UNIT – III
1. Management Accounting – Introduction – Definition – Scope – Comparison
with Financial and Cost Accounting – Installation of Management Accounting
System.
2. Management information system (MIS) and Reporting – Elements of MIS –
Characteristics – Installation of MIS – Definition and objectives of Report –
Methods of reporting – Types of reports.
3. Budgets and Budgetary Control ratios, Flxible Budgeting, Zero Based
Budgeting.
UNIT – IV
1. Responsibility Accounting – Introduction – levels of responsibility –
Responsibility – Responsibility centres – cost allocation in Responsibility
Accounting – Divisional performance measurement – implementation of
Responsibility Accounting – Transfer pricing.
2. Standard Costing and Variance Analysis, Meaning – Definition – objectives.
Types of Standards – Variance analysis – Interpretation and investigation of
variances – Advantages of Standard Costing.
3. Activity Based Costing – Introduction – Concept of Activity Based Costing –
Cost drivers – Cost pulls – Allocation of overheads under ABC – Advantages.
4. Target Costing, JIT, ZBB.

Reference Books :
1. Principles & Practice of cost accounting by N.K.Prasad.
2. Cost Accounting by S.P. Jain and K.L. Narang.
3. Principles of Management Accounting by Dr. S.N. Maheshwari.
4. Management Accounting by I.M. Pandey.
5. Cost Accounting Principles and Practice by M.N. Arora.
6. Cost & Management (with problems & Solution by Ravi M. Kishor)
7. Cost & Management Accounting by Ravi M. Kishor.
 SYLLABUS OF M.COM. (PREVIOUS)
PAPER – III DIRECT TAXES

UNIT – I
1 Taxation of Income under the head Profits and Gains of Business or profession.
(Including Carry forward and Setoff of Business Losses and Depreciation under
Income Tax Act 1961)
2 Deductions from Gross Total Income related to Profits and Gains of Business or
Profession.
3 Provisions regarding transfer pricing, Taxation of International transactions,
Computation arm’s length price, maintenance of books of account, report from
auditor and Reference to transfer pricing oggicer..

UNIT – II
1 Taxation of Income under the head ‘Capital Gains’ Including carry forward and set
off of Losses under capital gains and deductions from Gross Total Income.
2. Provisions for filling various Returns of Income- Filling of original Returns – Revised
Returns – Belated(Late) Returns – Returns to be filed under one by Six scheme,
Returns to be filed in response to notice under Sections 142(3)/143(2)/147/153A etc.
3 Various type assessments – Summary assessment – Scrutiny assessment – Re-
Opening of Assessment – Rectification of Mistakes – Procedure for appeals to be
filed under various circumstances by Assessee and by Income Tax Department.
4 Various Income Tax authorities/ Assessment authority/ appellate authorities and their
powers and functions.
UNIT – III
1 Tax Planning under Income Tax Act 1961, Tax Planning under Various situations.
2. Taxation of Income under Income from Other sources and Deductions from Gross
Total Income(Including Carry forward and set off Losses under Income from other
Sources).
3. Survery, Search and seizure under Income Tax Act-1961 and Provisions regarding
assessment for Block assessment years/period Subsequent to search operation.
4. Penalties and prosecution under Income Tax Act – 1961.
UNIT – IV
1 Taxation of wealth under Wealth Tax Act1957 and Provisions regarding assessment
of wealth subsequent to Search operation.
2 Provisions regarding Advance Income Tax and Income Tax Deduction of Source.
3 Interest Chargeable to assesses u/s234 A, B and C and Interest payble to assesses,
waiver of Interest under Income Tax Act 1961.

Suggested Readings :
1 Direct Taxes : Law and Practice – by Dr. Vinod K Singhania
2 Practical and Systematic approach to Income Tax- By Ahuja & Ravi Gupta
3 Income TA-By Mahadevan.
 SYLLABUS OF M.COM. (PREVIOUS)

PAPER – IV : AUDITING & BUSINESS LAWS

UNIT – I
1 Fundamental concepts in auditing
2 Risk assessment and internal control
3 Vouching, Verification of Assets & Liabilities
4 Audit of Ledgers

UNIT – II
1 Statutory requirements of Auditing & Assurance Standards (AAS)
2 Auditing under computerized Information system environment and Computer assisted
audit techniques
3 Audit Report
4 Emerging Trends in Auditing

UNIT – III
Important provisions of Companies Act Including main provisions relating to :
a) Incorporation of company and matters incidental thereto;
b) Issue of Securities, Capital and related matters
c) Public deposits.
d) Meetings of Board and members.
e) Matters relating to merger, demerger, compromise and arrangement
f) Winding up and Dissolution.

UNIT – IV
Important provisions of:
a) Foreign Exchange Management Act
b) Information Technology Act.
c) Negotiable Instruments Act.
d) Prevention of Money Laundering Act.

Reference Books :
1 Auditing by Kamal Gupta
2 Auditing Principles and Practice by S.D.Sharma
3 Advance Auditing by Dolphy D’Souza
4 Taxmann’s Corporate Laws
5 Students’ guide to Business & Corporate Laws by V.S.Datey
6 Bare Acts.
 SYLLABUS OF M.COM(FINAL)
PAPER – I : FINANCIAL MANAGEMENT

UNIT – I
1 Introduction, Nature, Scope and Objectives of Financial Management – Finance
Functions _ Organisation of Finance Function, Statements of Financial Information.
2 Financial Statements Analysis.
3 Sources of Finance : Short term and long term.

UNIT – II
1 Capital Budgeting
2 Cost of Capital

UNIT – III
1 Capital Structure
2 Break Even Analysis; Leverages
3 Working Capital Management and Policies
4 Dividend Policy (including bonus, stock splits and reverse stock splits)

UNIT – IV
1 Mergers and Acquisitions
2 Corporate Governance
3 Shareholder Value Creation
4 International Financial Management
5 Emerging areas in Finance

Reference Book :
1 Fundamentals of Financial Management by Prasanna Chandra
2 Financial Management by I.M.Pandey
3 Financial Management : Theory and Practice by Prasanna Chandra
4 Financial Management by Rames K.S.Rao
5 Introduction of Financial Management by Jim Mcmenamin.
 SYLLABUS OF M.COM(FINAL)

PAPER – II : INVESTMENT : ANALYSIS AND MANAGEMENT

UNIT – I
1 Investment : Returns and Risks
2 Saving for Investment : Individual and Institutional investors.
3 Investment Alternatives : Non- Marketable Financial Assets, Capital and Money
Market Instruments, Bonds or Fixed Income Securities, Equity shares, Mutual Fund
Schemes, Life Insurance, Real Estate, precious Objects. Innovative
Instruments/Avenues.

UNIT – II
1 Securities Markets, efficient Market Hypothesis, Introduction to International Capital
Markets.
2 Approaches to Investment Analysis : Fundamental Analysis, Technical analysis and
Modern portfolio Theory.
3 Capital Asset Pricing and Arbitrage Pricing Theory.

UNIT – III
Derivatives : futures and Options.

UNIT – IV
1 Portfolio Management Framework.
2 Mutual Funds and their Schemes
3 Tax aspects of Investments.

Suggested Readings :
1 Investment Management by V.K.Bhalla
2 Investments Management by V.A. Avadhani
3 Investment : An Introduction to Analysis and Management by Frederick Amling
4 Investment Analysis and Portfolio Management by Prasanna Chandra.
 SYLLABUS OF M.COM(FINAL)
PAPER – III
MATHEMATICS AND QUANTITATIVE TECHNIQUES FOR FINANCIAL DECISIONS

UNIT – I
1 Time Value of Money : Concept and Applications – Present Value, Future/Compound
Value, Annuities (Ordinary Due and Perpetual) Amortization, Discount rate, Equal
Monthly Installments.

2 Bonds and Debentures :

Simple yield, current yield, yield to maturity, redemption yield, coupon rate,
principal, Face value, Maturity, Discount, Premium, Simple Interest, Compound
Interest, Quarterly Compounding, Semi-annual Compounding, duration, Conversion
premium.
3 Warrants, futures, Options, Swaps, GDRs, ADRs, ECBs, Rights.

UNIT – II
1 Concept of Index Numbers : Stock Exchange Indices- Sensex, Down Jones, Nasdaq
etc., Composition of indices, full Capitalisation vs Free Float, Basic applications of
Indices, Beta.
2 Mathematics of Life Insurance and Mutual Funds(Amortization of Front – end Fees,
NAV discount/premium to NAV, impact of ‘loading’ on returns).
3 Simulation.

UNIT – III
1 Business forecasting – Importance of Forecasting – Techniques of forecasting –
Theories of Forecasting.
2 Operation Research Techniques : an Introduction, Linear Programming,
Transportation and Assignment Problems, Replacement Decisions.

UNIT – IV
1 operation Research Techniques: Network analysis – PERT and CPM, Game Theory,
Queuing Theory, Sequencing Problems.

Reference Books :
1 Mathematics of Finance – Frank Ayres
2 Financial Management – Prasanna Chandra
3 Operations Research – Kanti swarup
4 Operations Research – V.K.Kapoor
 SYLLABUS OF M.COM(FINAL)

PAPER – IV : INDIRECT TAXES

UNIT – I
Introduction to Indirect Taxes and Central Excise Part- I

Chapter-1 Indirect Taxes : Direct and Indirect Taxes Compared, advantages and
disadvantages of Indirect Taxes, Brief introduction of several Indirect
taxes.
Chapter-2 Central Excise : History, Excisable goods, Classification of goods, Central
Excise Tariff Act, Types of excises duty, valuation, Valuation Rules levy
and collection of duty, Important provisions of Act.
Chapter-3 Central Excise Procedure : Registration, Invoice system, Time and manner
of payment and duty warehousing, assessment, central excise rules.
UNIT – II
Value added Tax and Service Tax.

Chapter-1 Value Added Tax : International experience, structure of VAT – Types of

VAT, Sales Tax and VAT Compared, Advantage and disadvantages of
VAT, Administration of State VAT.
Chapter-2 Service Tax : Levy of service tax, service covered under service tax,
service tax rules, services tax credit rules, Registration, valuation, payment
of ST, Assessment.

UNIT – III
Cenvat Credit :

Chapter-1 Cenvat credit on inputs, Capital goods and services, Availing and using
cenvat credit, cenvat credit rules.
Chapter-2 Small scale Industries and cenvat.
Chapter-3 Export of Final goods.

UNIT – IV
Custom Duty :

Chapter-1 Brief background of custom, Nature of custom duty, Types of custom

duties, Classification & Valuation of goods.
Chapter-2 Baggage, Concept and Types of Baggage, custom duty on baggage,
exemptions, Baggage rules.

Reference Books :
1 Indirect Taxes – V.S.Date
2 Indirect Taxes Law and Practice – Sanjiv Kumar
3 Excise Manual – R.K.Jain
4 Service Tax – Taxmann