curriculum and scheme of examinations of two year...

1

B. P. S. Mahila Vishwavidyalaya, Khanpur Kalan

Department of Commerce

Scheme and Syllabus of Examinations for Master of Commerce

(w.e.f. July 2015)

First Semester

SR.

No.

Paper

Code

Paper Title Hours per

Week

Total

Credits

Max Marks

Internal

Marks

External

Marks

Total

Marks L P T

Theory Papers :

1 MCM-

2101

Principles and Practices

of Management

4 0 1 5 Credits 20 80 100

2 MCM-

2103

Business Environment 4 0 1 5 Credits 20 80 100

3 MCM-

2105

Managerial Economics 4 0 1 5 Credits 20 80 100

4 MCM-

2107

Management

Accounting

4 0 1 5 Credits 20 80 100

5 MCM

2109

Statistical Analysis for

Business

4 0 1 5 Credits 20 80 100

6 MCM

2111

Computer Application

& E-Commerce

2 2 1 5 Credits 20 80 100

Total Contact Hours/Credits 22 2 6 30 Credits 600

Second Semester

SR.

No.

Code Paper Title Hours per

Week

Total

Credits

Max Marks

Internal

Marks

External

Marks

Total

Marks L T P

Theory Papers :

1 MCM-

2102

Organizational Behaviour 4 0 1 5 Credits 20 80 100

2 MCM-

2104

Financial Management 4 0 1 5 Credits 20 80 100

3 MCM-

2106

Financial Statement

Analysis

4 0 1 5 Credits 20 80 100

4 MCM-

2108

Research Methodology 4 0 1 5 Credits 20 80 100

5 MCM-

2110

Quantitative Techniques

For Managerial Decisions

4 1 5 Credits 20 80 100

6 MCM-

2112

Business Communication 4 0 1 5 Credits 20 80 100


Passing Criteria:

o 40% marks in internal and external separately.

o 40% marks in practical/viva-voce.

2

Third Semester

SR.

No.

Code Paper Title Hours per

Week

Total

Credits

Max Marks

Internal

Marks

External

Marks

Total

Marks L T P

Theory Papers :

1 MCM-

2201

Strategic Management 4 0 1 5 Credits 20 80 100

2 MCM-

2203

Contemporary Issues in

Commerce

4 0 1 5 Credits 20 80 100

3 MCM-

2205

Entrepreneurship

Development

4 0 1 5 Credits 20 80 100

4 MCM-

2207

Security analysis and

Portfolio Management

4 0 1 5 Credits 20 80 100

5 MCM-

2209

Accounting Theory and

Practices

4 0 1 5 Credits 20 80 100

6 MCM-

2211

Micro Finance 4 0 1 5 Credits 20 80 100


Fourth Semester

S.No. Code Paper Title Hours per

Week

Total

Credits

Max Marks

Internal

Marks

External

Marks

Total

Marks L T P

Theory Papers :

1 MCM-

2202

Production and

Operation

Management

4 0 1 5 Credits 20 80 100

2 MCM-

2204

Corporate Tax

Planning

4 0 1 5 Credits 20 80 100

3 MCM-

2206

International Financial

Management

4 0 1 5 Credits 20 80 100

4 MCM-

2208

Project Management

and Financial Services

4 0 1 5 Credits 20 80 100

5 MCM-

2210

Banking and Financial

Institutions

4 0 1 5 Credits 20 80 100

6 MCM-

2212

Dissertation** 9 Credits 20 80 100


Passing Criteria:

o 40% marks in internal and external separately.

o 40% marks in practical/viva-voce.

3

Dissertation

Students have to complete a Research Project during their M.com course. The topic of which will be

assigned by the concerned teacher designated by the Chairperson, Department of Management Studies in

the beginning of third semester. The student will be required to complete the Project work and submit the

report one month before the commencement of the fourth semester examinations. Along with it they are

required to make a presentation before a committee duly constituted by the Chairperson, Department of

Management Studies consisting of two teachers of the concerned area and the research supervisor. The

dissertation will be accepted for submission and evaluation when at least one research paper out of the

project work has been published or accepted in a research journal, or presented in any national

Conference/ Seminar. If a student fails to do so, then he/she has to give the presentation of the dissertation

before a board constituted by the Chairperson of the commerce. The dissertation shall be evaluated by two

examiners including the supervisor and one teacher of the commerce appointed by the Chairperson of the

Department, through viva voce.

4

M.Com. - I Semester

MCM-2101 Principles and Practices of Management

Max Marks = 100

External Marks 80 and Internal Marks 20

Time: 3 Hrs.

Instructions for Paper Setter/Examiner: The examiner shall set nine questions in all covering the

whole syllabus. Question No.1 will be compulsory covering all the units and shall carry 8 small

questions of two marks each. The rest of the eight questions will be set from all the four units. The

examiner will set two questions from each unit out of which the candidate shall attempt four questions

selecting one question from each unit. All questions shall carry 16 marks each.

Course Objectives: The objective of this paper is to familiarize with basic management concepts and

behavioural processes in the organization

Course Inputs:

Unit-I Schools of Management Thought: Scientific, process, human behaviour and social

system school; Decisions theory school; Quantitative and system school; Contingency

theory of management; Managerial skills. Managerial Functions: Planning –Concept,

Objectives, Strategies, Planning Process, Decision making.

Unit-II Organizing-Concept, Principles, Organization Structure, Formal and Informal

organizations; Staffing- meaning and process, sources of recruitment, types of training,

training and development. Motivation: Process of motivation; Theories of motivation-

need hierarchy theory, theory X and theory Y, two factor theory, Alderfer`s ERG

theory, McClelland’s learned need theory, Victor Vroom`s expectancy theory, Stacy

Adams equity theory.

Unit-III Leadership: concept; Leadership styles; Theories- trait theory, behavioral theory,

Fiedler’s contingency theory; Harsey and Blanchard’s situational theory; Managerial

grid; Likert’s four systems of leadership, Controlling- nature, process, and techniques.

Unit-IV Interpersonal and Organizational communication: concept of two-way communication;

communication process; Barriers to effective communication types of organizational

communication, improving communication. Transactional analysis: concept,

transactions, ego states, implication in communication.

Suggested Readings:-

1. Griffin, Ricky W. ;Organisational Behaviour, Houghton Mifflin co., Boston.

2. Hellreigel, Don, John W. Slocum, Jr., and Richards W. Woodman: Organizational Behavior,

south western college Publishing, Ohio.

3. Hersey, Paul, Kenneth H. Blanchard and Dewey E Johnson: Management of Organisational

Behaviour:

4. Utilising Human Resources, Prentice Hall, and New Delhi.

5. Ivancevich; John and Micheeol T. Matheson: Organisational Behaviour and Management, Tata

McGraw-Hill, New Delhi.

6. Luthans, Fred: Organizational Behaviour, McGraw-Hill, New York.

5

M.Com. - I Semester

MCM-2103 Business Environment

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The course objective of this course is to expose the students to the effects of

various environment factors on business operation of a firm and also to familiarize them with the

techniques available for scanning and monitoring the environment.

Course Inputs:

Unit-I Theoretical Framework of Business Environment: Concept, significance and nature of

business environment; Elements of environment- internal and external; Changing

dimensions of business environment. Techniques of Environmental scanning and

monitoring.

Unit-II Dualism in Indian Society and problem of uneven Distribution of income; Emerging

rural sector in India; Social responsibilities of Business; Consumerism in India;

Consumer Protection Act. Economic Environment; Economic Policies; Economic

Planning in India – Types of Economic Plan; Prerequisites of successful economic

planning; Latest Five Year Plan.

Unit-III Policy Environment: Liberalization, Privatization and Globalization, Second generation

reforms, Industrial Policy and implementation, Industrial growth and structural

changes.

Unit-IV Legal Environment of Business in India, Competition Policy and Competition Act,

Environment protection.


1. Fransis Cherunilam – Business Environment – Himlya Publishing House.

2. P.K.Ghosh – Business & Government – Sultan chand & Sons.

3. Adhikiary, M: Economic environment of Business, sultan Chand & sons, New Delhi.

4. Ahluwalia. I.J. Industrial Growth in India, Oxford University Press, Delhi.

5. Alagh, Yoginder K: Indian Development Planning and Policy, Vikas Pub, N.Delhi.

6

M.Com. - I Semester

Managerial Economics

MCM-2105

Max Marks = 100


Time: 3 Hrs.






Course Objectives: This course contains aspects related to Economics patterns in markets. The

purpose of this subject is to apply a series of Economic Principles to the decision making process

within the firm.

Course Inputs:

Unit-I Nature and scope of Managerial Economics; Managerial economics; role and

responsibilities; concept of profit and wealth maximization; Fundamental economics

concepts: incremental principle, opportunity cost principle, discounting principle;

factors of production.

Unit- II Demand Analysis and Elasticity of Demand; Indifference curve analysis; Utility

analysis; Demand estimation and demand forecasting techniques.

Unit-III Production functions: short run and long run; producer’s equilibrium; cost

classifications; cost curves: short run and long run; Revenue; law of variable

proportions and law of returns to scale; economies of scale; learning curve.

Unit - IV Price determination and equilibrium of firm and industry under different market

conditions: Perfect competition, monopoly, monopolistic competition, and oligopoly;

pricing policies and strategies.

Suggested Readings

1. Baumol, William J; Economic Theory and Operations Analysis, Prentice-Hall, Lopndon.,

2. Baya, Michael R:Managerial Economics and Business Strategy, McGraw Hill Inc. New York.

3. Stonier, W and Hauge D: A Text Book of Economic Theory.

4. Dean, Joel: Managerial Economics, Prentice Hall, Delhi.

5. Dholkia, R.H.and A.L. Oza: Micro Economics for Management Students, Oxford University

Press. New Delhi.

6. Lipton R.G.: An Introduction to Positive Economics.

7

M.Com. - I Semester

MCM-2107 Management Accounting

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The purpose of this subject is to discuss the aspects related to management

accounting for decision making. The objective of this course is to acquaint students with the

accounting concepts, tools and Techniques influencing business organizations

Course Inputs:

Unit-I Management Accounting-An Introduction: Definition; Place, Financial Accounting

vs. Cost Accounting vs. Management Accounting; Functions, Techniques, Principles;

Scope; Utility; Limitations; Essentials for Success. Management Accountant: Position,

Role and Responsibility;

Unit-II Budgetary Control: Managerial Control Process; Benefits; Limitations; Installation of

the System; Classification of the Budgets; Preparation of different types of Budgets,

Performance and Zero-Base-Budgeting.

Standard Costing and Variance Analysis; Types of Standards, Standard Costing and

Estimated Costing ; Advantages; Limitations; Setting of standards; Analysis of

different types of material, labour, overhead variances and Sales Variances.

Unit-III Marginal Costing and Break even analysis : Marginal Cost; Marginal Costing and

Differential Costing Marginal Costing and Absorption Costing; Contribution

Analysis; Cost – Volume- Profit Analysis; Different types of Break-even Points and

Charts; Advantages and limitations of BE Charts; and Marginal Costing, Applications

of BE regarding sales-Mix, Product Lines.

Unit-IV Decisions Involving Alternative Choices: Cost Concepts Associated with Decision

making; Evaluation Process; Specific Management Decisions – Make or buy; Expand

or buy; Expand or Contract; Change vs. Status Quo; .Retain or Replace; Explaining

New Markets; Optimum Product Mix; Adding and Dropping a Product.

Responsibility accounting: concept and approaches to responsibility accounting;

Responsibility centers and their types; Steps involved in responsibility accounting.

Suggested Readings

1. J.K. Aggarwal, R.K. Aggarwal, M.L. Sharma – Accounting for Managerial Decisions –

Ramesh Book Depot., Jaipur.

2. R.Kishore – Advance Management Accounting – Taxman allied Services Pvt. Ltd.

3. M.Y. Khan, P.K .Jain – Management Account – Tata McGraw Hill.

4. Morngren, Sundem, Stratton – Introduction to Management Accounting - Pearson Accounting

5. S.N.Mittal – Accounting & Financial Management – Shree Mohave Book Depot, Nai Sarak,

New Delhi.

8

M.Com. - I Semester

MCM-2109 Statistical Analysis for Business

Max Marks = 100


Time: 3 Hrs.






Course Objectives: This course provides an introduction to theoretical and applied Statistics for

business and economics. The main objective is to stress the importance of applying statistical analysis

to the solution of common business problems. Every opportunity is utilized to demonstrate the

manner in which Statistics can effectively facilitate the many decisions that business managers face on

an almost daily basis.

Course Inputs:

Unit - I Correlation and Regression Analysis: Bivariate: Meaning, Types, Karl Pearson’s

method and Spearman’s method of calculation.

Partial and Multiple Correlation and Regression (Up to three variables)

Unit - II Probability and Probability Distributions: Probability Theory; Concept of probability;

Different approaches to probability; conditional probability; application of Addition

and Multiplication Laws; Baye’s Theorem and Inverse probability and Mathematical

expectation. Probability Distribution; Binomial Distribution, Poisson distribution and

Normal Distribution; and their applications to business.

Unit - III Sampling Theory : Concepts of sampling, Hypotheses testing, level of significance,

type I and type II errors, one- tailed and Two –tailed test, power of test, critical value,

Parametric and Non- Parametric test, Sampling techniques, Large number Theoram,

Central limit Theory.

StatIical Inference:- Test of Hypotheses: Sampling tests – Large sample tests.

Unit - IV Association of Attributes: Criterion of Independence, Consistency of data (two and

three attributes).

Χ2–Test: Conditions for apply Χ

2 – Test, Yate’s correction, Uses of Χ

2 Test, Additive

Property of Χ2, Misuse of Chi-Square Test and its limitations.

Suggested Readings:

1. Chou-Ya-Lun: StatIical analysis, Holt, Rinchart and winslon.

2. Hooda, R.P: Statistics for Business and Economics, Macmillan India Ltd. New Delhi.

3. Heinz, Kohler: Statistics for Business & Economics, Harper Collins.

4. Hien, L.W: Quantitative approach to Managerial decisions, Prentice Hall, New Jesery. India,

Delhi.

5. Lawrence B.Morse: Statistics for Business & Economics, Harper Collins.

6. Levin, Richard I and David S Rubin: Statistics for Management, Prentice Hallof India, Delhi.

7. Watsnam Terry J. and Keith Parramor: Quantitative Methods in Finance, International

Thompson Business Press.

8. Ackaff,R.L. and Sasieni, M.W., Fundamentals of Operations Research, John Wiley and sons

Inc., New York 1968.

9

M.Com. - I Semester

MCM-2111 Computer Applications & E- Commerce

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The objectives of this course include developing an appreciation of different

software and hardware systems available in the industry among the students and build up the

experience of computer usage in business organizations with specific reference to commercial data

processing systems.

UNIT-I Computer Organisation: Introduction, components, classification, capabilities

characteristics & limitation. Operating System; Storage devices: Application of

Computer in Business, Computer Languages.

UNIT-II Use of MS-Office: Basics of MS-Word. MS-Excel and MS- Power Point; Applications

in documentation preparation and making reports; preparation of questionnaires,

presentation, tables and graphs.

UNIT-III Introduction to Electronic Commerce: Framework, Applications; Network

Infrastructure, Emerging Trends in E- Business, E-commerce in India. Advertising &

Marketing on the Internet, Introduction to e- CRM, Business Models over Internet,

Fundamental of mobile computation and wireless computation.

UNIT-IV Internet: Meaning, Brief overview of ISP, Search Engines, URL, Browser, HTTP, E-

mail, Internet commercialization and Internet Applications in various Business

Organizations. Electronic Payment System: Meaning, Types, Issues, Electronic Data

Interchange, Inter-organizational commerce & Intra-organizational commerce.

Lab: Operating Systems Commands, Internet Surfing, MS Office, MS Word, MS Excel, MS Power

point.

Suggested Readings:

1. Leon & Leon, Introduction to Computers, Vikas Publishing House, New Delhi.

2. Junne Jamrich Parsons, Computer Concepts 7th

Edition, Thomson Learning, Bombay.

3. Comer 4e, Computer networks and Internet, Pearson Education

4. White, Data Communications & Computer Networks, Thomson Learning, Bombay.

5. Whitely David: Electronic Commerce, TMH, N. Delhi.

6. Efraim Turban, Jay Lee, David King & H Michael Chang, Electronic Commerce; A

Managerial Perspective, Pearson Education, N. Delhi.

10

M.Com. - II Semester

MCM-2102 Organisational Behaviour

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The objective of this subject is to enhance the knowledge of students regarding

the behaviour and challenges of personnel in organizational setup so that they are prepared to handle

the real life organizational problems.

Unit - I Organisational Behavior: Organisational behavior- concept and significance;

Relationship between management and Organisational behavior; Emergence and

ethical perspective; Attitudes; Perception; Learning; Personality; Transactional

analysis.

Unit - II Group Dynamics and Team Development: Group dynamics- definition and importance,

types of groups, group formation, group development, group composition, group

performance factors; Principle-centered approach to team development.

Unit - III. Organisational Conflict: Dynamics and management; sources, patterns, levels, and

types of conflict; Traditional and modern approaches to conflict; Functional and

dysfunctional organisational conflicts; Resolution of conflict.

Unit - IV. Organisational development: Concept; Need for change, resistance to change;

resistance to change; Theories of planned change; organisational diagnosis; OD

intervention.

References

1. Griffin, Ricky W: ;Organisational Behaviour, Houghton Mifflin co., Boston.

2. Hellreigel, Don, John W. Slocum, Jr., and Richards W. Woodman:

3. Organizational Behavior, south western college Publishing, Ohio.

4. Utilising Human Resources, Prentice Hall, New Delhi.

5. Ivancevich; John and Michael T. Matheson: Organisational Behaviour and

Management, Tata McGraw-Hill, New Delhi.

6. Luthans, Fred: Organizational Behaviour, McGraw-Hill, New York

7. Newstrom, John W. and Keith Davis: Organizational Behavior: Human Behavior at

Work, Tata McGraw-Hill, New Delhi.

11


MCM-2104 Financial Management

Max Marks = 100


Time: 3 Hrs.






Course Objective: The objective of this subject is to enhance the knowledge of students regarding the

financial decisions of managers in organizational setup so that they are prepared to handle the real

financial problems of a firm.

Course Inputs:

Unit - I Meaning of Finance, Sources of short-term and long-term finance. Organization of the

Finance Function. Meaning of Financial Management, Functions of Financial

Management; Objectives of the Firm-Profit Maximization and Wealth maximization;

Capital Structure: Meaning of optimum capital structure, factors affecting the capital

structure decision and Theories of capital structure.

Unit - II Cost of Capital: Meaning, Components, Factors Affecting Cost of Capital, Importance,

Estimation of WACC, CAPM Model. Leverage: Meaning, utility, Types of Leverage:

Operating and financial, Combined Leverage. Dividend Policy: Meaning, factors

affecting, types of dividend policies, Relevance and Irrelevance approaches to Dividend

Policy

Unit - III Capital Budgeting: Meaning, importance, rational of Capital Budget, nature of

investment Decision, the Administrative frame work, Methods of appraisal based on

Discounted cash flow: NPV, IRR, PI ( their comparison and application). Capital

rationing, Inflation and Capital budgeting; Decision tree Analysis. Working capital

management: Concept of working capital; need and importance of working capital,

factors influencing planning of working capital, computation of working capital.

Working Capital & banking policy (Tandon, Chore, Marathe committee reports.)

Unit - IV Cash management system: introduction, motives for holding cash and marketable

securities; factors determining the cash balance, managing the cash flow; Types of

collection systems, Investment of surplus cash in various types of marketable securities.

Receivable management: introduction, objectives, costs, benefits, credit policies,

evaluation of the credit applicant, credit terms, collections from accounts receivable.

Inventory management: introduction, nature of inventories, need of holding inventories,

objectives, inventory management techniques, Inventory management process,

Inventory Control systems.

Suggested Readings:

1. M.Y. Khan and P.K. Jain 'Financial Management'

12

2. I.M. Pandey 'Financial Management Theory and Practice'

3. Parsana Chandra 'Financial Management Theory and Practice'.

4. Aggarwal and Aggarwal 'Financial Management' Hindi Medium.

5. Van Horse, James C 'Financial Management and Policy

13


MCM-2106 Financial Statement Analysis

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The purpose of this course is to develop an understanding of the underlying

concepts, strategies and issues involved in the analysis of financial statements.

Course Inputs:

Unit - I Financial Analysis- Types and methods of analysis, Tools of Financial analysis,

Financial Statement Analysis- meaning, purpose, scope and coverage. Types of

Financial statements, Qualitative characteristics of financial statement, Limitations of

Financial statements.

Unit - II Demand for financial information: Parties demanding financial statement information,

conflicts among parties, factors affecting demand for financial statement information,

conflicts among parties, factors affecting demand for financial statement information.

Analysis of Balance Sheet and Income Statement: Comparative Analysis of Balance

Sheet and Income Statement, Analysis of Change in Income, Distress Analysis.

Unit - III Financial statement analysis- Ratio analysis, Funds flow Analysis, Shareholder Equity

Analysis. Analysis of Cash Flow: Quality and Earning of Cash, Cash Budgets.

Profitability Analysis: DuPont Analysis, Analysis of Growth and Sustainable Earning.

Unit - IV Performa Financial statements of corporate entities, Significance of notes to financial

statements and accounting policies. Other financial reports: Auditor’s report, Director’s

report and corporate governance report.

Suggested Readings:

1. R.Kishore – Advance Management Accounting – Taxman allied Services Pvt. Ltd.

2. M.Y. Khan, P.K .Jain – Management Account – Tata McGraw Hill.

3. M.Y. Khan and P.K. Jain 'Financial Management'

4. I.M. Pandey 'Financial Management Theory and Practice'

5. Jawahar Lal, Accounting Theory and Pr actice, Himalaya Publishing House, 2008.

6. L.S. Porwal, Accounting Theory, TMH, 2000.

14


MCM-2108 Research Methodology

Max Marks = 100


Time: 3 Hrs.






Course Objectives:

The main purpose of this paper is to understand the process of research, concepts of sampling and

tools for data collection and analysis and process of documentation and research report writing.

Course Inputs

Unit - I Introduction- Scope and Application of Research, concepts and tools for business

research, Research process, Research Design: exploratory research, descriptive

research, diagnostic research, action research and experimental research. Case study.

Unit - II Collection of data: primary and secondary data; sources of secondary data; methods of

collecting primary data – observation, experimentation, simulation, interviewing, mail

survey, projective techniques, sociometry, focus group discussion and content analysis.

Tools for data collection–schedule and questionnaire; measurement scales; pilot study

and pre-testing questionnaire.

Unit - III Nature of field work; field work; field adminIration; Editing, classification and

codification of data. Tools for statistical analysis; Descriptive Analysis of Data,

Correlation, Regression, Analysis of variance (ANOVA) using SPSS Software.

Unit - IV Report writing – types of reports; planning report writing; research report format;

documentation – footnotes and bibliography; writing the report and typing the report.


1. Montgomery, Douglas C. (2007), 5/e, Design and Analysis of Experiments, ( Wiley India)

2. Montgomery, Douglas C. & Runger, George C. (2007), 3/e, Applied Statistics & Probability

for Engineers (Wiley India)

3. Kothari C.K. (2004), 2/e, Research Methodology‐ Methods and Techniques ( New Age

International, New Delhi)

4. Krishnaswamy, K.N., Sivakumar, Appa Iyer and Mathiranjan M. (2006), Management

Resarach Methodology; Integration of Principles, Methods and Techniques ( Pearson Education, New

Delhi)

15


MCM-2110 Quantitative Techniques for Managerial Decisions

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The objective of this course is to make the students learn about the application

of statistical tools and techniques for decision- making.

Course Inputs:

Unit - I. Quantitative Techniques: An introduction to quantitative techniques, classification of

quantitative techniques, role / uses of quantitative techniques in business and industry,

their functions, their scope and limitations of quantitative techniques.

Unit - II Small Sample tests :t- test, z-test, F-test, Analysis of Variance: Introduction,

assumptions, Techniques of Analysis of Variance – one way classification and two way

classifications. F-Test.

Unit - III Non-Parametric Tests: sign-Test, Sign test for paired observations, Wilcoxon signed –

rank tests, Wald – Wolfo –Witz test, Kruskal Wallis – Test and The Mann - Whitney –

U-Test.

Unit - IV Linear Programming and Network –Analysis. Linear Programming: Uses,

applications, data requirement and limitations. Simplex Method, Net Work Analysis:

CPM and PERT; Significance of PERT to a Manager Network activity, Network

analysis. Critical Path method, Limitations of CPM, Limitations of PERT.

Suggested Readings:

1. Levin, Richard I and David S Rubin: Statistics for Management, Prentice Hall of India, Delhi.

2. Chou-Ya-Lun: StatIical analysis, Holt, Rinchard and winslon.

3. Hooda, R.P: Statistics for Business and Economics, Macmillan India Ltd. New Delhi.

4. Heinz, Kohler: Statistics for Business & Economics, Harper Collins.

5. Hien, L.W: Quantitative approach to Managerial decisions, Prentice Hall, New Jesery. India,

Delhi.

6. Lawrence B.Morse: Statistics for Business & Economics, Harper Collins.

7. Watsnam Terry J. and Keith Parramor: Quantitative Methods in Finance,

8. Thompson Business Press.

9. T. N. Srivastava and Shelja Rego, Statistics for Management, Tata Macgraw Hill, Delhi, 2008.

10. Mark L. Berenson and David M. Levine, Basic Business Statistics: Concepts and application,

Prentice-hall of India.

11. G. C. Beri, Business Statistics, Tata McGraw-Hil, 2012.

12. Sharma, J. K., Business Statistics, Pearson Education, Delhi.

16


Business Communication

MCM-2112

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The course is aimed at equipping the students with the necessary techniques and

skills of communication to inform others inspire them and enable their activity and willing cooperation

in the performance of their jobs.

Course Inputs:

UNIT-I Meaning, role, functions and importance of communication in Business Organization;

Communication Process; Formal and informal communication, barriers to

communication; Verbal and non verbal communication: organizational culture;

Communication and ethics.

UNIT-II Presentation skills: prerequisites of effective presentation; Assertiveness- indicators of

assertive behaviour, strategies of assertive behavior; communication skills for group

discussion and interviews.

UNIT-III Non-verbal communication: gestures, handshakes, gazes, smiles, hand movement,

styles of working, voices modulations, business etiquettes: business dining, business

manners of people of different cultures. Recruitment and employment correspondence:

Researching job; Job application letter; Curriculum vitae/ resumes; offer of

employment; job description; letter of acceptance; letter of resignation.

UNIT-IV Written Business Communication: Letters and Reports; Oral Business Communication:

Meetings, Conferences, Interview & GD and Public Speech; Overview of Electronic

Communication and Communication across cultures.

Suggested Reading:

1. Bovee, C.L., et al., Business Communication Today, Pearson Education, 2002.

2. Lesikar, R. V., and Pettit, Jr., J.D., Business Communication Theory and Application, Tata

Mcgraw –Hill, 2002.

3. Kaul,Asha, Business Communication, PHI, New Delhi

4. Kaul,Asha, Effective Business Communication, PHI, New Delhi

5. Chaturvedi,P.D., and Mukesh Chaturvedi, Business Communication, Pearson Eduction

6. McGrath,E.H., Basic Managerial Skills for All, PHI, New Delhi

17

M.Com. - III Semester

MCM-2201 Strategic Management

Max Marks = 100


Time: 3 Hrs.






Course Objectives:

The objective of the course is to help the students develop an understanding of the basic inputs in

making and implementing corporate strategic decisions and also familiarize

them with the issues and practices involved.

Course Inputs:

Unit-I Introduction: Concept and Role of Corporate Strategy. Levels of Strategy. Basic Model

of Strategic Management. Approaches to Strategic Decision Making. Strategic Role of

Board of Directors and Top Management. Strategic implications of social and ethical

issues.

Unit-II Strategic Analysis: Analysis of Broad Environment - Environmental Profile;

Constructing Scenarios. Analysis of Operating Environment - Michael Porters Model of

Industry Analysis. Analysis of Strategic Advantage – Resource Audit; Value Chain

Analysis; Core Compe tences; SWOT Analysis. Analysis of Stakeholder Expectations –

Corporate Mission, Vision, Objectives and Goals.

Unit-III Strategic Choice: Generating Strategic Alternatives. Strategic options at Corporate

Level – Stability, Growth and Defensive Strategies. Exter nal Growth Strategies –

Merger, Acquisition, Joint Venture and Strategic Alliance. Evaluation of Strategic

Alternatives – Product Portfolio Models. Selection of a suitable Corporate Strategy –

Concept of Strategic Fit. Strategic options at SBU Level - Michael Porters’ Competitive

Strategies; Operationalising Competitive Strategies.

Unit-IV Strategic Implementation: Strategic implementation issues. Planning and allocating

resources. Organization Structure and Design. Functional Strategies– Production,

Human Resource, Finance, Marketing and R. & D. Managing Strategic Change.

Strategic Control. Strategic Review: Evaluating Strategic Performance – Criteria and

Problems. Concept of Corporate Restructuring.

Suggested Readings:

1. Arthure A. Thompson et -al, Crafting and Executing Strategy: Text and Readings, 15th ed.,

McGraw Hill, 2007.

2. Grant, Robert M., Contemporary Strategy Analysis, 5th ed., 2005 Blackwell Publishers,

Massachussets, U.S.A.

3. Hitt M.A. et. al., Strategic Management, South Western, 2009.

4. Ansoff, H. Igor, R.P. Declorch and R.I. Hayes, From Strategic Planning to Management,

Wiley,1976.

18


MCM-2203 Contemporary Issues in Commerce

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The objective of the course is to help the students develop an understanding about

the latest issues of commerce.

Course Inputs:

Unit-I Corporate Social Responsibility: Business and Society, Concept of Corporate Social

responsibility, Rationale, Dimensions and Areas of Corporate Social Responsibility,

Corporate Social Responsibility and Corporate Performance, Corporate Social

Responsibility Practices by Indian Corporates. Corporate Governance: Meaning,

Significance, Clause 49 listing agreement, Corporate Governance Practices in India,

Unit-II Foreign Direct Investment, Role and Impact of FDI on Developing Countries, FDI in

Retail Sector, Balance of Payments: Concepts and Components with Special Reference

to India. Marketing Concepts, Marketing in the Present Millennium – Challenges and

Issues.

Unit-III Customer Relationship management, Customer Loyalty Measurement, Service

Marketing, Service Quality – Meaning, Measuring Service Quality, Service Quality

Models; SERVQUAL, SERVPERF, Gap Model of Service Quality.

Social Accounting- Meaning, objectives & scope. Human Resource Accounting:

Meaning, objectives & importance, Methods and approaches. HRA in India.

Unit-IV Rural Marketing; Importance of Rural markets, Strategies for Rural Marketing,

Challenges/Problems of Rural Marketing. Green Marketing; Concepts, Importance of

Green Marketing. Business Ethics: Concepts, need &Importance.

Suggested Readings:

1) V. Balachandran and V. Chandrasekaran, “Corporate Social Responsibility”, PHI Learning

Private Limited, New Delhi, 2009.

2) Clare Roberts, Pauline Weetman, Paul Gordon, “International Corporate Reporting: a

Comparative Approach”.

3) Samuel A. DiPiazza, Robert G. Eccles, “Building Public Trust: the Future of Corporate

Reporting”.

4) Philip Kotler, Kelvin L.Keller, Abraham Koshi and Mithileshwar Jha, “Marketing

Management : a South Asian Perspective”, 13th

Edition, Person Education.

5) David L. Kurtz and Louis E. Boone, “Principle of Marketing”, 12th

Edition, Cengage.

19


MCM-2205 Entrepreneurship Development

Max Marks = 100


Time: 3 Hrs.






Course Objectives: This course aims to acquaint the students with challenges of starting new ventures and enable them to investigate, understand and internalize the process of setting up a business. Course Inputs:

Unit - I Entrepreneurship : Definition, Concept, Growth and role. The Entrepreneur : Types,

characteristics, theories of Entrepreneurial class, Urges and importance of

Entrepreneurship Stimulats; Seed-Beds of Entrepreneurship, Influencing Factors;

Problems (Operational and Non-Operational) and Obstacles. Entrepreneurial

Management. Role of socio-economic environment.

Unit - II Theories of Entrepreneurship, Schumpeter's Ducker's and Walker's views on

Enrepreneur; evolution of Entrepreneurs in India; Business-skills, Inventory in

Entrepreneurs; Information as a strategic catalyst of Entrpreneurial Development;

Managers and entrepreneurs; Similarities, Creation of Dream for Entrepreneurs.

Unit - III Skills for a New Class of Entrepreneurs; The Ideal Entrepreneurs; The

Entrepreneurship Audit; Identification of opportunities by an Entrepreneur; The steps to

identify the project/ventures; Process of converting business opportunities into reality.

Feasibility Report and analysis; Process of setting up a small scale industry/unit.

Unit - IV Promotion of a venture, External Environment Analysis; Economic, Social,

Technological and competition; Legal Framework for establishing and fund raising

Venture Capital: Sources and Documents required.

Suggested Readings :

1. Tandon, B.C. Environment and Entrepreneur, Chugh Publication, Allahabad.

2. Siner A David : Entrepreneurial Megahuks: John wiley and Sons, New York.

3. Srivastava S.B. : A practical Guide to Industrial Entrepreneurial, Sultan Chand and Sons, New

Delhi.

4. Parsana Chandra: Project preparation n, Appraisal, Implementation; Tata Mc Graw Hill, New

Delhi.

5. Pandey, I.M. Venture Capital-The Indian Experience, Prentice Hall of India.

6. Halt : Entreprenerurship-New Venture Creation; Prentica Hall of India.

20


MCM-2207 Security analysis and Portfolio Management

Max Marks = 100


Time: 3 Hrs.






Course Objectives:

The objective of the course is to establish a conceptual frame work for the study of security analysis

and portfolio management. This course will provide the student the ability to understand and utilise the

skill of optimising returns. The focus at different places is to build models and discuss their validity

and application to practical situations.

Course Inputs:

Unit-I Nature, process and scope of financial assets investment decisions; Structure of Indian

Securities market-An overview; Sources of Financial Information. Securities Analysis:

two-parameters frame work; understanding of return and risk of a security; types of

return and risk; sources of risk.

Unit-II Analysis of Fixed Income Securities: Bond fundamentals; valuation of bonds; analysis

of risk in bonds-duration and convexity; bond portfolio management strategies-passive,

semi-active and active along with immunization strategies. Certificate of Deposits,

Debentures. Analysis of Variable Income Securities (Equity): Approaches to security

(equity) analysis-Fundamental Analysis along with valuation models of equity and

Technical Analysis, Efficient market hypothesis.

Unit-III Portfolio Theories and Management: Traditional and Modern Portfolio Theories; Single

and multi-index models. Markowitz Model; Sharpe’s Single Index Model; Capital

Asset Pricing Model (CAPM) and Arbitrage Pricing Model (APT): performance

evaluation of portfolios; problems associated with revision of portfolio. Active and

Passive portfolio management.

Unit-IV Financial Derivatives: Futures, Options, Portfolios of futures and options synthetics,

Exotics and Financially engineered products. Case Studies in security analysis,

portfolio construction and performance evaluation

are required to be discussed.

Suggested Readings:

1. Fischer, Donald E. and Ronald, J. Jordan, “Security Analysis and Portfolio

Management”, 6th Edition Prentice Hall of India, 2007.

2. Frank, K. Reilly, and Keith, C. Brown, “Investment Analysis and Portfolio

Management”, 8th Edition, Thomson, 2007.

3. Sharpe William F, and Bailey Jeffery V, Alexander Gordon J, “ Investments”, 6th

Edition, Prentice Hall of India, 1995.

4. Hull J.C. Options, “Futures and Other Derivatives”, 6 th Edition Prentice Hall, 1997.

21


MCM-2209 Accounting Theory and Practice

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The course aims at acquainting the students with a coherent set of logical principles and a general

frame of reference for evaluation and development of sound accounting practices.

Course Inputs:

Unit-I Accounting Theory: Nature and Scope. Accounting methodology. Different approaches

to theory construction. Conceptual framework of financial accounting and reporting.

Issues in accounting standard setting. Accounting standards in India. Income concepts

for financial reporting.

Unit-II Measurement and reporting of revenues, expenses, gains and losses. Depreciation

policy. Valuation of asset and liabilities. Revaluation of fixed assets and income

measurement. Adjustments for changing prices and financial reporting.

Unit-III Inflation Accounting: meaning, importance and practical problems. Merger and

Acquisitions: Meaning, motives and benefits, Valuation under merger and acquisitions.

SEBI guidelines for takeovers.

Unit-IV Corporate Reporting: Objectives, disclosure requirements, periodic and segment

reporting. Harmonization of corporate reports. Recent developments in financial

accounting and reporting.

Suggested Readings:

1. Anthony R.N., D.F. Hawkins and K.A. Merchant, Accounting: Text and Cases ,

McGraw Hill, 1999

2. Richard G. Schroeder, Myrtle W. Clark and Jack M. Cathey, Financial Accounting

Theory and Analysis, Text Readings and Cases, John Wiley and Sons, 2005 .

3. Ahmed Riahi Belkaoui, Accounting Theory, Quorm Books, 2000.

4. Jawahar Lal, Accounting Theory and Pr actice, Himalaya Publishing House, 2008.

5. L.S. Porwal, Accounting Theory, TMH, 2000.

22

M.Com. - IV Semester

MCM-2202 Production and Operation Management

Max Marks = 100


Time: 3 Hrs.






Course Objectives:

The purpose of this course is to understand the concepts and techniques of production and operations

in any manufacturing unit.

Course Inputs:

Unit I Overview of Production & Operations Management, Work Study, Introduction,

Responsibilities of Production Manager, Strategic Decisions in Operations,

Manufacturing Vs. Service Operation, Types of Production processes (Project/Job,

Batch, Mass/Line , Continuous ), Concept of FMS(Flexible Manufacturing System),

Vertical integration, Productivity & Factors affecting productivity, Role of Production,

Planning & Control (PPC). Introduction of Work Study, Method study Procedure,

Principles of Motion Economy, Stop Watch Time Study Procedure, Importance of

Rating & Allowances in Time Study, Pre determined Time Standard (MTM).

Unit II Aggregate Planning, Capacity Planning and Project Management, Scheduling,

Maintenance Management, Aggregate Planning: Relevant cost; Evaluation of strategic

alternatives (Level, Chase and Mixed), Types of capacity, Developing capacity

alternatives. Project Management: Basic concept, Simulation, Johnson’s Rule, Job

shop Scheduling: Priority dispatching Rules, Importance of Maintenance, Breakdown,

Preventive, Predictive and TPM(Total Productive Maintenance).

Unit III Facility Location and Layout: Importance & Factors affecting the Plant Location,

Single and Multi facility location, Techniques (Centroid and Minimax method), Plant

Layout & its classification, Relationship, Diagram & Block Diagramming, Assembly

Line of Balancing, Inventory Control: Relevant Costs, P & Q Systems of Inventory,

Basic EOQ Model, and Model with Quantity discount, Economic Batch Quantity.

Safety Stock, Reorder Point, ABC Analysis, Material Requirement, Planning,

Unit – IV Concept of Quality Management, Statistical Quality Control, X Bar, R and P Charts.

Acceptance sampling, Elementary concept on TQM (Total Quality Management),

JIT(Just In Time) Concept of: Aggregate Planning Strategies, CRAFT (Computerized

Relative Allocation of Facilities Technique), ROC (Rank Order Clustering Method),

Material Requirement Planning.

Suggested Readings:

1. Operations Management, Mahadevan, Pearson

23

2. Production & Operations Management, K. Aswathappa, K. Shridhar Bhat,HPH

3. Production & Operations Management, Bedi,Oxford

4. Production & Operations Management, S.N. Chary, TMH

5. Operations Management, Krajewski, Rizman, Malhotra, Pearson

6. Operations Managementfor competitive Advantage, Chase,Jacob, Aquilan, Agrawal, TMH

7. Production & Operations Management, Panneer Selvam, PHI

24


MCM-2204 Corporate Tax Planning

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The aim of this course is to familiarize the student with major latest provisions of the Indian tax laws

and related judicial pronouncements pertaining to corporate enterprises having implications for various

aspects of Corporate planning with a view to derive maximum possible tax benefits admissible under

the law.

Course Inputs:

Unit-I Meaning of tax planning and management, tax evasion and tax avoidance; Nature and

scope of tax planning and management in the corporate sector; Justification of

corporate tax planning and management. Computation of corporate tax: Carry forward

and set off of losses in the case of certain companies under Sec. 79 of Income -tax Act,

1961; Computation of taxable income of companies; Computation of the amount of

corporate tax liability; Minimum Alternate Tax; Tax on distributed profits of domestic

companies; Tax on income distributed to unit holders.

Unit-II Implications of Tax concessions and incentives for corporate decisions in respect of

setting up a new business, location of business and nature of business. Tax planning

with reference to financial management decisions: Capital structure decisions; Dividend

Policy; Bonus Share; Investments and Capital Gains.

Unit – III Tax planning with reference to managerial decisions: Owning or leasing of an asset;

purchasing of assets by installment system or Hire System; Purchasing of an asset out

of own funds or out of borrowed capital; manufacturing or buying; Repairing,

replacing, renewing or renovating an asset; Sale of assets used for scientific research;

Shutting down or continuing operations.

Unit – IV Tax Planning in respect of amalgamation or de -merger of companies or Slump sale or

conversion of a firm into a company. Foreign collaborations and incidence of taxation

on domestic companies ; provisions for relief in respect of double taxation; important

Double Taxation Avoidance Agreements with different countries like USA, UK,

Germany, France, etc. Case Studies: Some case studies involving the learning are

required to be discussed.

Suggested Readings :

1. E.A. Srinivas, Corporate Tax Planning, Tata McGraw Hill.

2. Vinod K. Singhania, Taxmann’s Direct Taxes Planning and Management.

3. V.S. Sundaram, Commentaries on the Law of Income- Tax in India, Law Publishers,

Allahabad.

4. A.C. Sampath Iyengar, Law of Income Tax, Bharat Publishing House, Allahabad.

5. Taxman, The Tax and Corporate Law Weekly.

6. Bhagmati Prasad, Direct Taxes Laws Practice, Wishwa Prakasha.

25


MCM-2206 International Financial Management

Max Marks = 100


Time: 3 Hrs.






Course Objectives: The objective of the course is to acquaint the students with financial management problems of

multinational corporations and prepare them to tackle these problems.

Course Inputs:

Unit – I International Monetary System: Developments in the international monetary system,

gold standard, Bretton Woods system of exchange rate, exchange rate regime since

mid-1970s. IMF and international Liquidity. System of exchanging currencies.

Exchange rate quotation and determination: direct and indirect quotes, bid and ask

quote, spot and forward quote, cross rates. Determination of exchange rate in spot and

forward market. PPP theory, IRP theory, monetary theories of exchange rate

determination, overshooting models.

Unit – II Foreign exchange market – spot and forward. Participants in foreign exchange market –

arbitraging, hedging and speculation, covered interest rate arbitrage. Borrowing and

investing markets. Tax consideration and investment. Exchange rate risk: translation,

transaction and real operating exposure – their measurement and management.

Unit – III Investment decisions of multinational corporations (MNCs): International capital

budgeting – estimation of cash flows, the cost of capital. Portfolio consideration of a

multinational corporation. International Financial markets: Multilateral development

banks, Euro –currency markets, Euro-banking, Market for international securities –

international bonds, Euro notes and Euro-notes and Euro-commercial papers, Medium-

term Euro-notes. Market for derivatives, currency futures, options and synthetics,

currency risk management, financial swaps and interest – rate risk management.

Unit – IV Assessment and management of political risk. International working capital

management: Cash management. Management of receivables and inventory. Financing

of foreign trade: Foreign trade documents, modes of payment, Pre -

shipment, post-shipment and medium-term credit, Forfeiting. International accounting:

Consolidation and harmonization of accounts. Transfer pricing.

Suggested Readings:

1. Levi, Maurice, International Finance, New York, McGraw Hill Inc., 1996.

2. Eiteman, David K., Arthur Stonehill and Michael H. Moffett , Multinational Business Finance,

Reading mass., Addision – Wesley Publishing company,1998.

3. Shapiro, Allen C., Multinational Financial Management, New Delhi, Prentice Hall India Pvt. Ltd.,

1995.

4. Apte P.G., Multinational Financial Management , New Delhi, Tata McGraw Hill, 1998

5. Seth A.K., International Financial Management , New Delhi, Galgotia Publishing Company, 2000.

26


MCM-2208 Project Management and Financial Services

Max Marks = 100


Time: 3 Hrs.






Course Objectives:

The aim of the course is to enable the student to evolve a suitable framework for the preparation,

appraisal, monitoring and control and hedge risk of industrial project. The course would also help to

understand the role of financial services in project management and would make its student understand

how to mobilise finance for domestic and international projects.

Course Inputs:

Unit - I Project Management: Meaning of Project, Project Management and Process

Management; Project Planning: Sources of Project ideas, Process of generating and

selecting the best project ideas, Activity Resource Estimating, Project Time

Management, Estimation of Project Cost. Project Implementation: Project Organisation

and Responsibilities, Organisational Models: Traditional, Line- Staff, Pure Product

organizations, Matrix organizations; Choosing the Effective Project Organisations,

Project Kick-Off Meeting, Project Scope Management.

Unit – II Project Appraisal: Developing a Project Network Plan, Network Techniques( PERT

and CPM): Meaning, significance and Application. Project Financing: Sources of

funds, Loan syndication for the projects, Tax considerations in project preparation and

the legal aspects.

Unit – III Project Controlling: The Project Control Process, Performance Indicators, Project

Monitoring, Evaluation and Control Risk Management: Meaning, Risk Identification,

Risk Analysis, Risk Response, Risk Control

Unit - IV Documentation: Procedures, Project Manuals, Project Library and some other

documents like forms, flowcharts, memos. Audit: Meaning, types of audit in Project

Management, Motives of an Audit Termination and Closure: Reasons for termination,

factors affecting the success of Project, types of project termination. Types of closures:

Normal v/s Premature, Contract Closeout, Administrative Closeout.

Suggested Readings;

1. Khan M.Y., Financial Services, 4th ed., McGraw Hill, New Delhi, 2007 .

2. Prasanna Chandra, Project Preparation Appraisal and Implementation , 5th ed., Tata

McGraw Hill, 2002.

3. Dietrich J.K. Financial Services and Financial Institutions: Value Creation in Theory

and Practice, Prentice Hall, New Jersey, 1996.

27

Dissertation* [MCM-2212]

Students will have to complete a Research Project during their M.Com. Programme. The topic of

which will be assigned by the concerned teacher designated by the Chairperson in the beginning of third

semester. The student will be required to complete the Project work and submit the report one month

before the commencement of the final examinations. Along with it they are required to make a

presentation before a committee duly constituted by the Dean and Chairperson, Faculty of Commerce and

Management consisting of two teachers of the concerned area and the research supervisor. The research

project will be accepted for submission and evaluation when at least one research papers out of the project

work has been published or accepted in a research journal, or presented in any national Conference/

Seminar. If a student fails to do so, then she has to give the presentation of the dissertation before a board

constituted by the Dean and Chairperson. The dissertation shall be evaluated by two examiners including

the supervisor and one teacher of the commerce appointed by the Dean and Chairperson through viva

voce.

Chairperson

Department of Commerce