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Master of Commerce - M. Com.

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STRATEGIC MANAGEMENT

SEMESTER - I

1. Introduction : Introduction to business policy and strategic management - their definitions, nature,scope, significance, elements and processes.

2. Strategic Formulation :Vision - Mission - Business purpose -- Objectives and Goats - EnvironmentalScan - Internal Environment and External Environment - SWOT Analysts - Formulating strategicalternatives.

3. Strategic Choice : The input stage - matching stage and decision stage. Cultural aspect of strategicchoice. Functional Strategies- H. R. Strategies, Marketing strategies- Financial Strategies- Operationalstrategies. Matching the organizational structure with strategies" - "i.e. restructuring and reengineering.Introduction to corporate level strategies- modernization, diversification, integration- Mergers, takeovers, joint ventures, turn around. disinvestment and liquidation- Making strategic choice.

SEMESTER - II

4. Strategy implementation : Issues In implementation Project implementation and control procedures,resources allocation- Corporate ethos, culture and ethics- Management of change.

5. Strategic Evaluation : Monitoring and control of strategy formulation and implementation- Techniqueof evaluation and control- PERT/ CPM, Budgetary control, variance analysis- measuring organizationalperformance - Taking corrective, action.

6. A. Global issues in strategic management :The global challenges - strategies (or competing in global markets, local markets & cultural variations,Export strategies. Licence Strategies franchising strategies, rnulti country organization global strategies- Guidelines for success as a global competitor.

B. Recent trends in strategic managementApplying the strategic management process Through case study method - The case preparation-process- Analyzing cases reporting recommendations.

M. Com Part - ISemester I & II

Strategic ManagementEconomics of Global Trade & FinanceBusiness Management• Paper 1 : Human Resource Management• Paper 2 : Marketing Strategies and Plans

ORAdvanced Accounting• Paper 1 : Advanced Fianancial Accounting• Paper 2 : Advanced Cost Accounting

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Recommended books :1. Strategic Management , Fred R. David, Prentice Hall Internatinal2. Business Policy & Strategic Management, Dr. Azhar Kazmi, Tata McGraw Hill Pub.3. Strategic Management, Beni Banerjee4. Business Policy & Strategic Management, Jauch Lawrence R & William Glueck, Mc Graw – Hill Book Co.5. International Strategic Management (for Global Strategies) R. M. Shivstava, Himalayan Pub. House6. Strategic Management – a multi-perspective approach. Edited by Mark Jenkins & Veronique

Ambrosini, Palgrave (Publication)7. Strategic Management, Thomas L Wheelers & J. David Hunger, Addison – Wesley Publishers8. Strategic Management Competitiveness & Globalisation

Michael Hitt, R. Duane Ireland, Robert E. Hoskisson, South – Western Thomson Learning.9. Business Policy & Strategy – Concepts & Readings

Daniel Mc Carthy, Robert Minichiello, Joseph Curran, All India Traveller Bookseller – Delhi10. Strategic Management – John A Pearce II & Richard B. Robinson, Jr. AITBS Pub. & Distr , Delhi

ECONOMICS OF GLOBAL TRADE AND FINANCE

SEMESTER - I

Module I : Commercial Policy : Tariff and Non-tariff barriers, Miscellaneous Protection Techniques -Dumping, Subsidies, Cartels and Commodity Agreements.

Module II: Economics of Integration : Types of integration (EU, NAFTA, APEC, ASEAN, and SAARC):Achievements and Future prospects, Regionalism Vs. Multilateralism

Module III: Trends in World Trade, WTO and Developing Countries : Recent Trends in Global Trade- Contentious issues - Agriculture and Market Access, Trade and Environmental issues, Dispute Settle-ment Mechanism.

SEMESTER - II

Module IV: Balance of Payments Adjustment : Foreign Trade Multiplier and Global Repercussions -BOP and Policy Mix: Role of Monetary and Fiscal Policy in BOP - Trade-off between Internal and Exter-nal Balance (Mundell and Flemming Model)

Module V: Foreign Exchange Market : Flexible Exchange Rate, Currency convertibility, Significance offoreign exchange reserves, Exchange risks, Global linkage of foreign exchange markets, Open and Closed:Interest Parity Conditions - Euro Currency Markets , Euro Equity and Euro Bonds Markets - Nature andCharacteristics.

Module VI: International Factor Movements : Movement of labourbetween countries - Trends in Migra-tion, International capital movements - Role and impact of foreign capital, Types and factors, Role of MNCs,Changing role of the IMF in the emerging international scenario.

Recommended books :1. Changing Patterns of Global Trade, INTERNATIONAL MONETARY FUND: Prepared by the Strategy,

Policy, and Review Department, 15, 2011.2. Doha and Beyond: The Future of the Multilateral Trading System Author: Mike Moore (Ed.)Publisher:

Cambridge University Press, 2004.3. Economic Geography: The Integration of Regions and Nations Author: Pierre-PhilippeCombes, Thierry

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Mayer, Jacques-Francois ThissePublisher: Princeton University Press, 2008.4. EU Trade Strategies : Regionalism and Globalism Author: Vinod K. AggarwalPublisher: Palgrave

Macmillan, 2004.5. Introduction to International Economics Author: Dominick Salvatore Publisher: John Wiley & Sons,

20116. International Economics: Theory and Policy (9th Edition) [Hardcover] Paul R. Krugman (Author),

Maurice Obstfeld , Pearson Education, 2008.7. International Economics, Robert C. Foenstra& Alan M. Taylor, Wath Publishers, USA.8. Labour Movement: How Migration Regulates Labor Markets Author: HaraldBauder Publisher: Oxford

University Press Inc, USA, 2006.9. Labour Movement: How Migration Regulates Labor Markets Author: HaraldBauderPublisher: Oxford

University Press Inc, USA, 2006.10. Macroeconomics 8/e [Hardcover] RudigerDornbusch(Author), Stanley Fischer(Author), Startz(Author),

Richard Startz(Editor)11. Mithani&Jhingan, International Economics, S.Chand& Co.12. Peter Kenen: The International Economy, (4ed.) Cambridge University Press, 2000.13. Bo Sodersten, International Economics.

HUMAN RESOURCE MANAGEMENT -Business Management : Paper - 1

SEMESTER - I

1. Introduction to Human Resources Management and Environment : The Legacy of HRM andImportance, Environmental influence affecting HRM, Objectives and rising prominence of HRMdepartment, HRM from an international perspective.

2. Human Resource Planning : Steps in human resource planning, human resource informationsystem, job analysis (job description and job specification),Job design-Techniques and tools,psychological issues in human resource planning

3. Recruitment and selection : Meaning and sources of recruitment, tools of selection, selectionprocess, role of recruitment agencies in the selection process

4. Performance Appraisal : Introduction-definition, objectives, need and importance, evaluation process,ethics of appraisal, merit rating-meaning and methods, limitations of performance appraisal, recenttrends

SEMESTER - II

5. Training and Development : Training-need, objectives and importance of training, need andimportance of MDP, designing an effective training and development programme, evaluation of theeffectiveness of the training programme, relevance of Video Display Terminals (VDT), challengesbefore a trainer, designing models for self development, knowledge enrichment and career advancement

6. Succession Planning : Time frame, elements of succession planning, issues in succession planningand solutions

7. Employees Health and Safety : Physical health and mental health, safety measures, stressmeasures, employee welfare

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8. Recent trends in Human Resources Management : Business process outsourcing, causes andeffects of downsizing, employee incentive schemes like stock options, HRM from global perspective

Recommended books :1. Management of Human Resource (A Behavioural approach to personnel) by Darovedo R.S. / Oxford

and IBH Publishing Co., New Delhi – 1952.2. Personnel Management (Management of Human Resources) by Dr. C.B. Mamoria/Himalaya Publishing

House, Bombay – 19803. Designing and Managing Human Resource Systems by Udai Pareek and T. Vnkateswara Rao /

Oxford and IBH Publishing Co. New Delhi – 19814. Managing Human Resources, Productivity, Quality of work life, profits by Wayne F Cascio / McGraw

Hill International Editions – 19865. Dynamic Personnel Adminsitration – Management of Human Resources by M. N. Rudrabosava Raj

/ Himalaya Publishing House, Bombay – 19796. Personnel – the human problems of Management George Strauss, Leonard R Sayles / Prentice Hall

of India Pvt. Ltd. – New Delhi – 19857. What is needed to perform the personnel function successfully (Personnel and Human Resources

Administration)8. Resource Development by Richard D Irwin, U.B. Singh / Rawat Publications, New Delhi – 1992.9. Personnel / Human Resource Management by Terry L Leap and Michael D Crino / acmillan Publishing

Co.- New York, 199010. Hand book of Human Resource Management by Nadley Leonard, John Wileys and Sons – 1984.11. Human Resource Development – The Recent Experience by Sievera12. Readings in Human Resource Development by T V Rao13. Recent Experience in HRD by T V. Rao and D Perera14. Training for Development by Perera and Linton

MARKETING STRATEGY AND PLANS - PAPER II

Business Management : Paper - 2

SEMESTER - I

I. UNDERSTANDING STRATEGIC MARKETINGStrategy defined-components / essentials of a well defined strategy-3 strategy levels (corporate/business/functional level strategies)-role of Marketing in formulating strategies-recent influenceson strategic role of Marketing (globalization, importance of IT, building long term relationships.)

II. DEVELOPING STRATEGIES(a) Corporate Strategies

Defining firm’s mission-objectives-sources of competitive advantage-Product/Market strategies-allocating resources (portfolio models BCG and GK and Value based Financing (i.e. DCFmodel)

(b) Business Unit Level StrategiesDesigning SBU ‘S- business unit objectives-allocating resources within business units-businessstrategies of prospector/defender/analyser/reactor (Reference-Organisational Stratey, Structureand Purpose-By R. E. Miles and C.C. Snow)

(c) Developing Marketing Plans

III. MARKETING OPPORTUNITY ANALYSISUnderstanding Marketing environment-macro trend analysis (demographic, socio-cultural,

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technological, regulatory and natural environment)- internal micro analysis-assessing industryattractiveness with Porter’s Five Forces model- anticipating and responding to environmental change-understanding Market demand ( student must have basic familiarity with demand forecasting)

IV. CONNECTING WITH CUSTOMERS.a) Customer Value, Satisfaction and Loyaltyb) Satisfying Attractive Martket Segments (the segmentation process) and

Targets Positioning and Dealing with Competition

SEMESTER - II

V. PRODUCT STRATEGIESDesigning product strategies and managing through the life cycle (including new productstrategies)-building strong brands and equity-strategies for services

VI. PRICING AND DISTRIBUTION STRATEGIESPrice demand relationship-alternative pricing strategies-managing value network and channelsmanaging retailing, wholesaling and logisties.

VII. INTEGRATED MARKETING COMMUNICATION STRATEGIESDesigning IMC-managing Advertising. PR Promotion, Personal selling and Direct Marketing

VIII. MARKETING METRICES FOR MARKETING PERFORMANCESetting performance standard-evaluating feedback data-strategy reassessment-Marketing audit

Recommended books :1. Marketing Strategy – A decision focused approach – By Walker, Mullins, boyd and Larreche, Tata

MacGraw Hill Publication.2. Marketing Strategy – Ferrell, Hartline, Lucas – Perentice Hall Publication.3. Marketing Strategies – A twenty first century approach Ashok Ranchod - Perentice Hall Publication4. Strategic Marketing Problems – Cases and Comments – Robert Kerin and Peterson 10th Edition5. Cases in Strategic Marketing – Rosenthal and Brown – 2000 edition.6. Frame Work for Marketing – Philip Kotler and Kevin Kotler 3rd Edition, Perentice Hall Publication7. Analysis for Strategic Marketing – Vithal Rao and Joel Steckel8. Marketing Management – Rajan Saxena – Tata McGraw Hill9. Strategic Market Management – David Aaker – John Wiley & Sons10. Marketing Management Planning Implementation and Controls – Global Perspective – Indian

Context – Ramaswamy – Namakumari – Macmillian Business Books11. Marketing Concepts and Cases – Etzel, Walker, Staton and Pandit – MacGraw Hill Special

Indian Edition12. Portable MBA in Marketing – Scheme and Hiam – John Wiley and Sons13. Marketing Nuggests – Conceptual Dimensions in Marketing – Dr. S. Rameshkumar14. Marketing Management – Russell Winer – Prentice Hall15. Marketing Strategies, Tactics and Techniques – A Handbook of Practitioners – Stuart and Rogers.

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ADVANCED FINANCIAL ACCOUNTING

Advanced Financial Accounting : Paper - ISEMESTER - II

1. Consolidated Financial Statementsa) Accounting Standard 21 b) Consolidated Balance sheetc) Consolidated Profit & Loss Account d) Simple Subsidiary Company Onlye) Excluding–Inter Company Holding of Sharesf) Foreign Subsidiary Company

2. Accountancy & Statutory Requirements of Banking companiesAccounting Provision of Banking Regulation ActProvisioning of Non- Performing AssetsForm & Requirements of Final Account

3. Foreign Currency Conversion : Requirements as per AS- 11 - Foreign Branches

4. Published Corporate Annual Reports : Contents of Annual Reports - Notes of Accounts - Director’sReports - Auditor’s Reports - Management Discussion Analysis

Advanced Financial Accounting : Paper - IISEMESTER - II

1. Specified Accounting Standards (AS)(a) AS - 16 Borrowing Costs (b) AS - 17 Segment Reporting(c) AS - 20 Earnings per share (d) AS - 22 Accounting for taxes on income

2. International Financial Reporting Standards (IFRS)

3. Valuation for Amalgamation, Mergera) Methods of Goodwill b) Methods of Sharesc) Methods of Business

4. Accounting and Statutory Requirements of Insurance Companies & Co-operative Societiesa) Insurance companies:

Accounting Provision for insurance Act and Insurance;Regulation and Development Authorities for1) Life Insurance Business 2) General Insurance BusinessForms and Requirements of Final Accounts for1) Life Insurance Business 2) General Insurance Business

b) Co-operative SocietiesAccounting Provision of Maharashtra State Co-operative Societies Act and RulesForms and Requirements of Final Accounts

Recommended books :1. Introduction to Accountancy by T.S Grewal2. Advance Accounts by Shukla & Grewal3. Advance Accountancy by R. L. Gupta and M Radhaswamy4. Modern Accountancy by Mukherjee and Hanif5. Financial Accounting by Lesile Chandwichk6. Financial Accounting for Management by Dr. Dinesh Harsalekar7. Financial Accounting by P. C. Tulsian8. Financial Accounting by Gupta and Radhaswamy M9. Financial Accounting by Monga, J.R.Ahuja, Girish and Shehgal Ashok

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ADVANCED COST ACCOUNTING

Advanced Cost Accounting : Paper - 1SEMESTER - I

1. Process Costing : Essential characteristics of Process Costing, Comparison of process costingand job costing, Inter process profits, Work in progress and equivalent production, Practical problems

2. Budgetary Control : Budget and Budgetary control, Zero based budget, Performance budgets,Functional Budgets Leading to the Preparation of Master Budgets, Capital Expenditure Budget.Fixed and Flexible Budgets and preparation of different types of budgets.

3. Standard Costing : Standard Costing as an Instrument of Cost Control and Cost Reduction. Fixationof Standards. Theory and Problems based on Analysis of Variances of Sales, Materials, Labour andOverheads.

4. Cost Audit : Cost and Efficiency Audit, Cost Audit vis-a-vis Financial audit, special Characteristics,Scope And Functions of Cost Audits, Organizations For and Circumstances favouring cost audits,Benefits of Cost audits, Cost audit programme and Procedure, External or Statutory Cost Audit.Provisions of Cost audit in companies Act and cost Audit (reporting) Rules, Cost Investigation.

Advanced Cost Accounting : Paper - 2SEMESTER - II

1. Operating Costing : Meaning of operating costing, Determination of per unit cost, Collection ofcosting data Practical problems based on costing of hospital, hotel and goods and passengertransport.

2. Marginal Costing and Absorption Costing : Meaning of absorption costing, distinction betweenabsorption costing and marginal costing/Theory and Problems on Breakeven Analysis. Cost VolumeProfit Analysis, Breakeven Charts. Contribution margin and Various decision making problems.

3. Managerial Decisions : Managerial Decisions through Cost Accounting such as Pricing Acceptingspecial Offer, Profit ' planning. Make or Buy decision, Determining key-factor, Determining Sales-mix, Determining optimum Activity Level, Performance Evaluation, Alternatives methods of Production,Cost reduction & Cost Control.

4. Integrated Accounts : Problems Meaning, Advantages and disadvantages, Distinctive features,practical problems Non integrated system of accounts, cost control accounts to be prepared, Journalentries, practical problems

Recommended books :1. Lecture on costing by Swaminathan published by S.Chand & Co.2. Practical costing by Khanna Pandey and Ahuja published by S.Chand & Co.3. Cost Accounting by C S Rayudu published by Tata McGraw Hills4. Cost Accounting by Jawaharlal published by Tata McGraw Hills5. Theory and problems of Cost and Management accounting by M Y Khan and P K Jain6. Cost Accounting by Ravi M Kishore published by Taxmann Ltd,7. Cost Accounting by N K Prasad8. Cost Accounting-Theory and Practice by B K Bhar9. Cost Accounting- Theory and Practice by M N Arora published by10. Practical Costing by PC Tulsian published by Vikas Publishing house11. Cost Accounting- Text and problems by MC Shukla, T S Grewai and M P Gupta, S.Chand12. Cost Accounting- Problems and solutions by V K Saxena C D Vashist published by S.Chand13. Cost Accounting by S P Jain and K L Narang published by Kalyani14. Cost Accounting- Principles and practice by M N Arora published by Vikas

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RESEARCH METHODOLOGY IN COMMERCE

I. Nature of Scientific Inquiry - Scientific Methods - Induction Deduction - Hypotnesis and Theory andtheir Interpretation Nature and Scope of Social - Research Need for Multi-Disciplinary Inter-Disciplinary.

II. Planning of Research-Selection of a problem for Research Sample sixo

III. Research Design-Important Aspects of Research Design.

IV. Methods of Data Collection-Sources of data-use of secondary data-Methods of collecting primarydata-observation Interviews- Questionnaires and schedules.

V. Processing and Analysis of Data : Processing Operations Types of Analysis - Presentation andInterpretation of Data - Editing, Classification and Tabluation - Interpretation.

VI. Preparation of a Report - Types of Report - Research Report - Format Principles of Writing Reports -Documentation - Footnotes and Bibilography.

VII. Quantative Tools Measures of Central Tendency - Dispersion Measures of Correlation - Simple andMultiple Correlation Testing of Hypothesis Test based on top, Z and Chi square-Time series Analysis- Trend Measurement - Moving Averages.

Recommended books :1. Foundations of Social Research and Econometric Techniques, Srivastiva, S. C.2. Statistical Analysis with Business and Economics Applications, Chou, Ya Lun3. Business Research Methods, Clover, Vernon T and Balsely, Howard L4. Business Research Methods, Emary C. Willima5. Research Methods in Economics and Business, Sharma H. D. & Mukherji S. P.6. Research Methods in Economics and Business , Gerber R. and Verdoom, P. J.7. Research and Methodology in Accounting and Financial Management, Courtis J. K.(ed.)8. Statistics for Management and Economics (2nd Edition), 1932. Reinmuth J. E.9. Methodology of Research in Social Science, Krishnaswami O.R.

M. Com Part - IISemester III & IV

Research Methodology in CommerceBusiness Management• Paper 3 : Organisational Behaviour• Paper 4 : International Marketing• Paper 5 : Entrepreneurship Management

ORAdvanced Accounting• Paper 3 : Advanced Fianancial Management• Paper 4 : Advanced Auditing• Paper 5 : Direct and Indirect Tax

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ORGANISATIONAL BEHAVIOUR

Business Management : Paper - 3

SECTION-1

MODULE I: THE FIELD OF ORGANIZATIONAL BEHAVIOR1. Introduction to Organizational Behavior

(a) Definition of organizational & behavior(b) Historical Development of OB(c) Human Relations Movement(d) Impact of technology on organizational behavior

MODULE II: THE ORGANIZATION2. Organizational Design

(a) Key factors in organizational design(b) Types of organizational design(c) Need and significance of a sound organizational design(d) Organizational Structures - traditional and contemporary structures

3. Organizational Culture(a) Meaning and dimensions(b) Role of founders’ values and vision in creating and sustaining culture.(c) Types of organizational cultures(d) Impact of culture on image and performance of the organization.

4. Organizational Communication -Tool and Techniques(a) Johari Window (b) Transactional Analysis(c) Lateral Thinking (d) Brain Storming(c) Delphi Technique(f) Power of grapevine and other informal communication techniques.

MODULE III: GROUPS AND ORGANIZATIONS5. Groups and Teams

(a) Group Dynamics - Groups versus teams (b) Nature and types of groups and teams(c) Five stages of group/team development (d) Determinants of group behavior(e) Typical teams in organizations

6. Leadership(a) Leadership as a concept and its essence(b) Leaders versus managers(c) Blake and Mouton’s Managerial Grid(d) Hersey and Blanchard’s situational leadership(e) Transactional versus Transformational leadership(f) Women as leaders(g) Leasdership in entrepreneurial and family business organizations

SECTION-II

MODULE IV: INDIVIDUAL AND ORGANIZATIONS7. Foundations of Individual Behavior

(a) Factors affecting individual behavior - personal, environmental and organizational(b) Nature and Determinants of Personality

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(c) Personality Traits - Big Five, Locus of Control, Self Esteem, Type A/ Type BPersonality, Risk Taking, Machiavellianism, Self Monitoring

(d) Personality and OB

8. Motivation(a) Power and purpose of motivation(b) Theories of motivation - Locke’s goal setting theory, Vroom’s expectancy theory. Porter and

Lawler’s model, Adam’s equity theory, McClelland’s theory of needs.(c) Motivational Techniques - Job design / enlargement / enrichment / rotation(d) Managing rewards - Job status based rewards, Competency based rewards, performance

based rewards(e) Empowerment and Self Managed Teams

9. Work Related Attitudes, Values and Perception(a) Meaning and definitions (b) Factors influencing perception(c) Social and Person perception (d) When perception fails.(e) Perception and OB

MODULE V : ORGANIZATIONAL OUTCOMES10. Power and Politics

(a) Power - Dynamics, Sources and Tactics(b) Politics - Essence. Types of political activities,(c) Ethics of power and politics

11. Conflicts and Negotiations(a) Nature of conflict(b) Functional and Dysfunctional conflict(c) Conflict resolution and negotiations(d) Managing conflict during change initiatives.

12. Stress(a) Meaning and definition(b) Work stress model(c) Sources of stress(d) Stress Management - Individual & Organizational Strategies(e) Impact of stress on performance.

Recommended books :(1) Aswathappa, K (2005), Organizational Behaviour: Text, Cases & Games, Himalaya Pub. House.(2) Robbins, P. Stephen. (1998), Organizational Behavior: Concepts, Controversies, Applications, 8th Ed.

Prentice-Hall of India Private Limited, New Delhi.(3) Luthans, F., (2005), Organizational Behaviour, (10th Ed), McGraw Hill.(4) Greenberg J, W. & Devis, K. (2002), Organizational Behaviour : Human Behaviour at Work (11thEd),

Tata McGraw-Hill.(6) Hellriedel, D. & Slocum, J.W.(2004), Organizational Behaviour (10th Ed), South Western/Thomson

Learning.(7) Sekaran U.(2004), Organisational Behaviour: Text & Cases, (2nd Ed), New Delhi, Tata McGraw-Hill.(8) Nelson, D.L., & Quick, J.C., (2003), Understanding Organizational Behaviour (2nd Ed), South Western

/ Thomson Learning.(9) Moorhead, Gregory and Griffin, W. Ricky (1999), Organizational Behavior: Managing People And

Organizations, 5th Ed. A.I.T.B.S. Publishers & Distributors (Regd.), New Delhi.(10) Shani, A.B. (Rami), & Lau, J.B., (2005), Behaviour in Organizations: An Experiential Approach. (8th

Ed), McGraw Hill.

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INTERNATIONAL MARKETING

Business Management : Paper - 4

Module - 1 : Introduction to International Marketing : Meaning, features, reasons for entering interna-tional markets, trends in international trade, challenges of international marketing, driving and restrainingforces in international marketing, main international marketing decisions, methods of payment in interna-tional trade, international trade theories, role of MNC’s in international marketing, overview of India’s foreigntrade and problems of India’s export sector.

Module - 2 : International Marketing environment : Global economic environment, social and culturalenvironment, political, legal and regulatory environment in international market, trade barriers, trade blocs,WTO(incl new developments at WTO), financial environment (incl. role of IMF, IBRD, IDA, IFC)

Module-3 : International marketing strategy : Market entry strategies, selection of markets, productdecisions, pricing decisions, physical distribution, promotion strategies(incl. advertising and e-marketing)

Module – 4 : Procedural and policy framework : Foreign trade policy, export-import procedure, proce-dure in export financing, procedure in export shipping, bank formalities, export risk insurance, export ben-efits and incentives. export documentation, service exports, SEZ’s (benefits and export obligations)

Module-5 : Case Study Analysis

Recommended books :1. International Marketing – Phillip R Cateora and John Graham.2. International Marketing – Varshney and Bhattacharya.3. International Marketing – P. K. Vasudev.4. International Marketing & Export Management-Edwin Duerr, Jesper Strandskov Gerald Albaum5. International Marketing – Rathors.6. International Marketing management-Subhash Jain7. International Marketing – Francis Cherunilam8. International Marketing – Analysis & Strategy-John Shaw & Sak Onkvisit9. Global Marketing Management-Warren Keegan.10. Handbook of Global Marketing-D Lamont11. Pepsi handbook of Indian Exports-Global Business Press

ENTREPRENEURSHIP MANAGEMENT

Business Management : Paper - 5

A. ENTREPRENEURSHIP DEVELOPMENT PERSPECTIVE1. Introduction, importance and significance, Entrepreneurship Development – world perspective.2. Concept of entrepreneurship development, Evolution and growth – stages. Theories of

entrepreneurships.3. Concept of Entrepreneur, Intrapreneur, Entrepreneurship and Manager. Difference between Entrepreneur

and Intrapreneur, Entrepreneur and Entrepreneurship, Entrepreneur and Manager.4. Attributes and Characteristics of successful entrepreneur. Developing entrepreneurial culture. Qualities

of a successful entrepreneur.5. Role of Entrepreneur in Indian Economy (Developing economy with reference to self-employment)

development.

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6. Successful Entrepreneurs case studies : Dhirubhai Ambani, Aditya Birla – Background, growth as anentrepreneur. Case study on entrepreneurial development in India.

B. CREATING ENTREPRENEURIAL VENTURE7. Business Planning Process, understanding business life cycle and product life cycle.8. Environmental Analysis, Search and Scanning – Strength and weakness9. Identifying problems and opportunities – Opportunities and Threats10. Defining Business Idea, Product, location and ownership11. Stages in starting the new venture12. Entrepreneurial Models – Franchises, BPO, KPO, venture capital funding.

C. PROJECT MANAGEMENT13. Meaning of project, objectives and how to choose a project.14. Preparing a business plan, marketing plan, financial plan and organization plan15. Estimating and Financing funds requirement.16. Schemes offered by various commercial Banks and Financial Institutions17. Working capital, Meaning, need & significance. Determinants of working capital

D. Role of Central and State Government in promoting Entrepreneurship18. Introduction to various incentives, subsidies & grants; Promotion of export oriented units; Fiscal and

tax concessions19. Role of DIC (District Industries Centre) in the Entrepreneurship Development & ED Programmes;

DIC-its functioning and objectives.20. Entrepreneurship Training and Development. Objectives-contents-methods-execution21. Problems and difficulties of Entrepreneurs-Marketing Finance, Human Resource- Future of

entrepreneurship in India22. Women Entrepreneurs in India

Recommended books :1. Entrepreneurship by Hisrich Robert D/ Peters Micheal New Delhi / Tata McGraw Hill / 20022. Entrepreneurial Management by P.N. Sing / J. C. Saboo Dr. P. N. Singh Centre for HRD.

Reference Reading3. Entrepreneurial Development Role of Financial Institutions by Laxmisha A. S. Jaipur, Mangal

Deep, 20044. Entrepreneurial Development by Colombo Plan, New Delhi, Tata McGraw Hill, 19985. Cases in International Entrepreneurship by Hisrich R. D., Chicago, Liven, 19976. Entrepreneurial Development by Gupta C. B. New Delhi, Somaiya Publication, 19957. Entrepreneurship Small Scale Industries by G. S. Batra and R. C. Dangal, Deep & Deep

Publications Pvt.Ltd.8. Entrepreneurship Development in India by Bishwanath Ghosh9. Development Banks and Entrepreneurship Promotion in India by P. K. Sharma, Mittal Publications10. WTO and Entrepreneurship Development by Manas Pandey, Shree Publishers and Distributors11. Entrepreneurship Development in India by Sami Uddin, Mittal Publication12. Entrepreneurial Development by Vasant Desai (3 Volumes) Himalayan Pub House13. VC – Problem Solving – An Entrepreneurial Skill14. VC Assessing Entrepreneurial Competence15. VC – Five Success stories of First generation entrepreneur.

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Semester IIIADVANCED FIANANCIAL MANAGEMENT

Advanced Accounting : Paper - 3

1. Scope and objectives of Financial Management : Introduction - Meaning - Importance - Scope- Objective and Profit v/s Value maximization

2. Time value of money : The Concept - Present Value - Annuity - Techniques of discounting -Techniques of Compounding

3. Financial Analysis - Application of ratio analysis and Financial decision makingManagement Analysis :

Profitability Ratios : Gross Profit Ratio, Operating Profit Ratio, Return on Capital Employed.Efficiency Ratios : Sales to Capital Employed, Sales to Fixed Assets, Profit to Fixed Assets,Stock Turnover Ratio, Debtors Turnover Ratio, Creditors Turnover RatioLiquidity Ratios : Current Ratio, Quick RatioStability Ratio : Capital Gearing Ratio, Interest Coverage RatioInvestors Analysis : Earning Per Share, P/E Ratio, Dividend Yield

Note : Problems should be on analysis and decision making with/without calculation of ratios.

4. Financial Decision :Cost of Capital : Introduction, Definition of Cost of Capital, Measurement of Cost of Capital, WACC,Marginal Cost of CapitalCapital Structure Decisions : Meaning, Choice of Capital Structure. Importance, Optimal capitalStructure, EBIT-EPS Analysis, Cost of Capital, Capital structure and Market Price of Share, CapitalStructure Theories, Dividend Policy - Payout RatioBusiness Risk and Financial Risk : Introduction, Debt v/s Equity Financing, Types of Leverage,Investment objective / criteria for individuals / Non-business purpose

Recommended Books :1. Financial Management– Prasana Chandra and Ravi Kishor – Tata Mc Graw Hill Publishing Co Ltd..2. Policy Theory and Problems in Financial Management – Khan & Jain - Tata Mc Graw Hill Publishing3. Portfolio Management – Prasana Chandra– Tata Mc Graw Hill Publishing Co Ltd.4. Corporate Financial Management – A. Besant C Raj - Tata Mc Graw Hill Publishing Co Ltd.

ADVANCED AUDITING PAPER-I

Advanced Accounting : Paper - 4

1 Audit of Ledgers : General Considerations and Scrutiny of Ledgers of Assets, Personal, RevenueAccounts

2 Special Considerations in Audits : Government Audit and MiscellaneousAuditsAudit of a sole trader, Audit of a firm, Audit of a small company, Audit of educational institutions, Auditof Hospital, Audit of Club, Audit of Hotels, Tax Audit, Audit of InsuranceCompany, Audit of Banks

Recommended Books :1. Contemporary Auditing – Kamal Gupta - Tata Mc Graw Hill Publishing Co Ltd.2. Practical Auditing – B. N. Tondon – S. Chand & Company3. Auditing Principles & Practice – S. D. Sharma – Taxman4. Auditing Standards – D. S. Rawat – Taxman5. Student Guide to Auditing Standards - D. S. Rawat – Taxman

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DIRECT AND INDIRECT TAXES PAPER-I

Advanced Accounting : Paper - 5Direct Tax

1. Definitions : S: 2 : Person, Assessee, Income2. Basis of charge (S: 3 to 9) : Previous Year , Assessment Year , Residential Status, Scope of Total

Income, deemed Income.3. Exclusions from Total Income (S:10) : Exemptions related to Specific Heads of Income to be covered

with relevant provisions such as Salary, Income from Other Sources, Agricultural Incomes, Sumsreceived From HUF by member, Share of Profits from Firm, Income from Minor Child & Dividend

4. Heads of Income : (Including relevant items from S:2 and S:10) - Salary (S:15 to 17)Income from House Property (S:22to 27) - Profits & Gains from Business, Profession and Vocation:(S:28 to 32 ,35 ,36 ,37,40,40A and 43B ) - Capital Gains - (S:45 to S:50 C) - Income from otherSources - (S : 56 to 59 )

5. Deduction u/s 80 : 80 C , 80CCF ,80D, 80DD , 80DDB , 80E , 80U.6. Computation of Income & Tax of individual, firm and company ( Excluding MAT )7. Advance tax Payments : Sec 2088. Provision for filing of return of income (Including Forms of Return ) Sec- 139 (1), 139 (5)

Notes:1. The Syllabus is restricted to study of particular sections, specifically mentioned rules and notifications

only.2. All modules / units include Computational problems / Case Study.3. The Law In force on 1st April immediately preceding the commencement of Academic year will be

applicable for ensuing Examinations.

262

Semester IV

ADVANCED FINANCIAL MANAGEMENT - PAPER-IIAdvanced Accounting : Paper - 3

1 Types of Financing : IntroductionNeeds of Finance and Sources: Long Term, Medium Term, Short Term

Long Term Sources of Finance : Owners Capital / Equity Capital, Preference share capital, RetainedEarning, Debentures or Bonds, Loans from Financial Institutions / Banks

Short Term Sources of Finance : Trade Credit, Accrued Expenses and Deferred Income, AdvancesFrom Customers, Commercial Papers, Bank Advances: Loans, O/D, Clean O/Ds, Cash Credit,Advances against goods, Bills Purchased, Discounted, Advances against documents of title of goods,Advances against supply of bills, Term Loans, Inter Corporate Deposits, Certificate of Deposits,Public Deposits

2 Investment Decisions : Introduction, Purpose of Capital Budgeting, Capital Budgeting Process,Types of Capital Investment Decisions, Project Cash Flows and Net profit Approval, Basic Principleof Measuring Project Cash Flows, Increment principle, Long Term Funds Principle, Exclusion ofFinancial Cost, Principle, Post Tax Principle, Probability technique for measurement of cash flow,Capital Budgeting Techniques (Only Time adjusted / discounted cash flows), Net present value, PI,IRR, Discounted pay back, Capital Rationing(Note: Problems on computation of cash flow, ranking of projects on various techniques, selectionand analysis with / without capital rationing. Comparison of IRR with Required rate of return i.e. cutoff rate, IRR and mutually exclusive projects with unequal lives, multiple IRR)

3 Management of Working Capital : Meanings, Concepts and policies of working capital, Managementof working capital, Issues in working capital, Estimating working capital needs (only Theory), Operatingor working capital cycle (only Theory)Cash Management : Management of Inventory, Management of Receivables, Financing of WorkingCapital.

ADVANCED AUDITING PAPER-II

Advanced Accounting : Paper - 4

1 The Company Audit : General consideration in a company audit; Special requirements of companyaudit; Audit report: Basic Elements of the Auditor's Report, Format of Audit Report (Including -Companies(Auditor's Report) Order, 2003)

2 New Standards on Auditing (SAs)SA 200 (Revised) Overall Objectives of the Independent Auditor and the

Conduct of an Audit in Accordance with Standards on AuditingSA 200 A Objective and scope of audit of Financial StatementSA 210 (Revised) Agreeing the Terms of Audit EngagementsSA 220 (Revised) Quality Control for an Audit of Financial StatementsSA 230 (Revised) Audit DocumentationSA 240 (Revised) The Auditor's Responsibilities Relating to Fraud in an Audit of Financial

StatementsSA 300 Planning and Audit of Financial Audit

263

SA 500 Audit EvidenceSA 501 Audit Evidence - Specific Considerations for Selected ItemsSA 505 (Revised) External ConfirmationsSA 510 (Revised) Initial Audit Engagements - Opening BalancesSA 520 Analytical ProceduresSA 610 (Revised) Using the Work of Internal Auditors

DIRECT AND INDIRECT TAXES PAPER-II

Indirect TaxesAdvanced Accounting : Paper - 5

1 Service Tax1.1 Basic Terms : Terms- Service, Activity, Consideration, Person, Declared Services

Applicability of Service Tax, Registration under Service Tax law (Sec 69), Registration Procedure,General Exemptions from Service Tax in certain cases, Threshold Exemption, Service TaxReturns and Penalty for late filing, Payment of service tax and rate of service tax, Penalconsequences for delay and default in service tax payments, Books and records maintainedby the assessee, Time limit for issue of an invoice, Negative List (Sec 66 D Specifies serviceswhich are not taxable)

1.2 Services Specifically Excluded : Transfer of title in goods or immovable property, Transferdelivery or supply of any goods which is deemed sale, Transactions on money or actionableclaims, Provision of service by employee to employer, Services provided by MP, MLA, etc;Duties preferred by persons who hold posts in pursuance of provision of constitution e.g.Central Vigilance Committee; Duties performed as a chairperson or member or director inbody established by central, state Govt or local authority.

1.3 Point of Taxation : Determination of point of taxation; Point of Taxation for export of servicesfrom 1.4.2012; Special provision for individual, partnership, LLP's

1.4 Valuation of Taxable Services : Value for the purpose of taxable services; Rules for valuation;The essential ingredients of the rules; Value of similar services; Valuation on the basis ofequivalent monetary value of consideration where value of similar services can not be ascertained;Inclusion/Exclusion of certain expenditure or cash; Taxable services provided from outsideIndia; Value of services involved in execution of works contracts; Value of services involved Insupply of food and any other article of human consumption in a restaurant or as outdoorcatering.

1.5 Place of Provision of Services : Introduction, Basic Framework, Rule 3- Location of theReceiver, Rule 5- Location of Immovable Propert, Rule 7- Part performance of a service atdifferent locations

2 Maharashtra Value Added Tax (MVAT)2.1 Introduction : Definitions, Sec 3, 4, 5, 6, 7, 8 (Only theory)2.2 Registration procedure and rules: Section 162.3 Audit Section 22 & 612.4 Penalty and Interest2.5 Set-Off- Refund-Composition scheme

Notes:1. The Syllabus is restricted to study of particular sections, specifically mentioned rules and notifications

only.2. All modules / units include Computational problems / Case Study.3. The Law In force on 1st April immediately preceding the commencement of Academic

year will be applicable for ensuing Examinations.

264

Faculty - Degree College

Prof. V. N. Sharma, Hon. Director (Administration and Assessment)

COMMERCE and BUSINESS MANAGEMENTPrincipal Dr Indu Shahani, D.Litt., Ph.D.,M.Com.,DHE (HOD)Dr Rajeshwari R., Ph.D., M. Com., Dip. Ad. Mgmt.Dr P. Ramchandani, Ph.D., M. Com., B.Ed.Dr R. Khatri, Ph.D., M. Phil., M. Com., M.F.M.Prof. J. Sodi, M. Com.Prof. S. Kalyani, M. Com., D.B.F.Dr N. Punjabi, Ph.D., M. Com., PGDBA

BUSINESS ECONOMICSDr G. Nair, Ph. D., M. A. (HOD)Dr J. Bharucha, Ph. D., M. A.Dr L. R. Bahadur, Ph.D., M. Phil., M. A.Prof. S. Saleha J., M. Phil, M.A.

ACCOUNTANCYProf. P. Thakkar, C.A., ICWA (HOD)Prof. J. S. Jotsinghani, F.C.A.Prof. C. Kadam, F. C. A., Grad CWAProf. H. Thakkar, M.Com.Prof. A. Nandu, M. Com, MBAProf. A. Vachhani, M. Com.Prof. J. Sodi, M. ComProf. J. Manglani, MBA, M.Com, LLB, B.Ed.Prof. A. Sathe, M.Com, ICWA

MATHS & STATISTICSProf. R. Annapoornaa, M. Phil.,M.Sc. DCM, (HOD)Prof. S. Gupta, M.Sc.Prof. S. Kanchan, M. Sc.Prof. Vijayalaxmi S., M. Phil, M.Sc, D.C.S.T.

ENVIRONMENTAL STUDIESDr C. Bhattacharjee, Ph. D., M.Sc.,Prof. R. Tyagi, M.Sc.

FOUNDATION COURSEProf. M. Kelkar, M.Phil., M.A., B.Ed. (On leave)Prof. P. Sawant, M.Phil., M.A.

BUSINESS COMMUNICATIONProf. P. Chakrabarti, M.Phil, M. A.Prof. G. Sahu, M.A.

BUSINESS LAWProf. A. Khushu, L.L.M., DHEProf. R. Sidhwa, LL. M.

UNAIDED COURSES

Prof. H. Thakkar, M. Com. (Co-ordinator)Prof. Y. A. Gangat, M.Com., MCSC, CCNA, Dip. Elec.Prof. M. Desai, M.A. , M. Com., PGDEdMProf. D. Gokal, M.Com.Prof. B. Jethani, M. Com.Prof. T. Razmi, M. Com, M. Phil.Prof. P. Jain, M. Com, F.C.A.,C.S.Prof. N. Thanawala, M. A.Prof. A. Ambulkar, M. M. S.Prof. A. Toshniwal, C. A.

LIBRARIANDr M. Tikam, Ph.D., M. Lib. Sc.

REGISTRARMr. Deepak Lulla

EDUCATIONAL COUNSELLORMs. Pratibha Jain

PUBLICATIONS IN-CHARGEMs K. Bahl

Dr Indu Shahani, D. Litt., Ph. D., M. Com., DHE, PrincipalDr L. R. Bahadur, Ph. D., M. Phil., M. A., Vice-PrincipalProf. Parag Thakkar, C.A., ICWA, Vice-PrincipalProf. Heena Thakkar, M. Com, Vice-Principal