BUSINESS ORGANIZATION & MANAGEMENT
1. Nature of Business: Definition – Objectives – Characteristics.
2. Joint Stock Company: Definition – Features – Kinds – Steps for incorporation – Management.
3. Public Enterprises Meaning – Objectives – Organization & Management.
4. Public Utilities: Meaning – Features – Objectives – Management Price Policy.
5. Multinational Companies Meaning – Investment – Evolution.
6. Business Environment – Micro & Macro Environment.
7. Management – Meaning – Nature & Functions of Management.
8. Planning – Meaning – Types of plans – objectives planning premises – policies & procedures decision making types of decisions – Techniques of decision making.
9. Organizing – Meaning – Scope – Importance – Steps – Departmentalization – Delegation of Authority & Responsibility – Types of Organization.
10. Directing: Meaning – Principles & Technique of directing.
11. Communication: Nature Importance – Channels & Media of Communication – Barriers to communication.
12. Controlling: Nature – Basic steps in controlling – Requirements of an Effective control process.
BOOKS FOR REFERENCE:
1. Business Organization & Management – Y.M. Bhusan.
2. Business Organization & Management – M.C. Shukla.
3. Business Organization & Management – S.A. Sherlekhar.
4. Principles & Practice of Management – L.M. Prosad.
5. Principles & Practice of Management – L.M. Prosad & Dinagar Pagere.
PRINCIPLES OF FINANCIAL ACCOUNTING
1. Accounting concepts – Principles – Conventions & concepts.
2. Journal & Ledger postings.
3. Subsidiary books & ledger postings.
4. Trial Balance.
5. Bank reconciliation statement & Rectification of Errors.
6. Bills of Exchange – Accommodation Bills.
7. Account current & Average Due Date.
8. Final Accounts of sale Trader.
9. Accounting for Non Trading Concern.
10. Consignment & Joint Venture.
11. Voyage Account.
12. Sales of Return / an approval – fire claims including loss of profit.
BOOKS FOR REFERENCE:
1. Advanced Accounting – R.L. Gupta & M. Radhaswamy.
2. Advanced Accountancy – Jain & Narang.
3. Advanced Accountancy – M.A. Arulanandam & Raman.
4. Advanced Accountancy – S.P.Iyenger.
1. Definirim Economics & Managerial Economics – Nature & scope of Managerial Economics – Economics & Managerial Economics distinction – Functions of Managerial Economics.
2. Objectives of Modern Firm – Five Fundamental concepts: Incremental concept – Time perspective concept – Discounting principles – opportunity concept Equilibrium – Marginal concepts.
3. Consumer behaviour & demand – Law of Demand – Consumption function – Approaches to consumer behaviour – Demand distinction Derived demand & autonomous demand – Industry demand & common demand – Short run demand & long run demand.
4. Sales Forecast – Meaning – factors involved short term & long term forecasting methods – Forecasting for an established product & new product.
5. Elasticity of demand – types, scopes income & elasticity of Demand – Factors affecting elasticity of demand uses of the concept of elasticity of demand.
6. Production function returns to scale – Economics of scale – Economics of scale nad capacity utilization input & output analysis.
7. Pricing under competition, oligopoly & monopoly.
8. Pricing policies & methods – Poineer pricing – Skimming pricing – penetrably pricing – pricing for multi product firms preceliny full qst pricing marginal differenal pricing.
9. Macro Economic Aggregates – National income & product saving. Consumption & investment – theory of income Distribution.
1. R.L. Varsheny, K.L. Maheswari, Managerial Economics.
2. Joct Dean: Managerial Economics.
3. Haynes & Hagite: Managerial Economics.
4. Nemmers, E: Managerial Economics
5. Githis F.E.: Managerial Economics.
BANKING THEORY, LAW AND PRACTICE
Origin of banks – main functions of commercial banks –Subsidiary and Agency services of Commercial banks-Social responsibility of banks. Banks systems –Unit and branch banking –Investment banking, Credit creation –Deposit mobilize scheme. Non-banking financial companies –UTI, Mutual fund, Child funds, Leasing companies.
Banking systems in India –Present banking systems in India-Commercial and Co-operative banks-Industrial development banks –Rural banks –Lead bank concept-Independent banks.
Reserve Bank of India –Function –Control the commercial banks and other financial undertaken by RBI.
Banks and customers-objective-general and special relationship-types of deposit account –pass book.
Types of Customers –Individual, married, bachelor, married women - Company-non-trading association-clubs.
Cheques –definition –Types of crossing of cheques and their implications –Making of cheques.
Paying and collecting bankers-except the responsibilities-protection given.
1. Banking Law and Practice - P.N.Vastav.
2. Law and Practice of Banking - S.D.Dvva.
3. Banking Law and Practice - Nagaraj and Govindan.
4. Banking Law and Practice – Visnudeva and Radhaswamy.
5. Banking Law and Practice – S.N. Lal.
BUSINESS COMMUNICATION AND OFFICE METHODS
Nature and Importance of Business communication – Types - Media – radio, T.V., - Modern postal communication – Essentials – Forms and structure – style and Art of Business writing.
Application – interview – Testimonials – appointment – Enquiries – and replies orders and executions – credit – and status enquiries – Claims and Adjustments – collecting letters – circular letters.
Banking, Insurance, Agency, Export and import correspondence – Company secretary’s correspondence – Correspondence with Government.
Organization of a Modern Office – Office – Meaning- functions – importance – Management of Organization – Office systems and routines – Office Machines and Equipment – selection Of Equipments.
Mail and correspondence – Organization of mailing Department - making and Maintenance of Records – Filling methods – essentials of a good filling systems – Indexing – Types of Index.
1. Business Communication – Pradhan, Bhence and Thakur.
2. Essentials of Business communication – Rajendra Pal and Korlay Halli.
3. Business Correspondence and Report Writing – R.C. Sharma and Krishna Mohan.
4. Office Management – J.C. Denyar.
5. Office Management – Neuner and Keeling.
MARKETING AND SALESMANSHIP
Definition of marketing –importance –Marketing functions-classification –kinds of markets. Buying – classes of buyers-planning the purchase of goods- budgeting- stock turnover-Prices and changes- hand to mouth buying – Assembling. Selling –Product planning and development-Meaning and importance-variety of products- quality of products-Diversification and simplification of products-Distribution channel.
Branding-meaning-aims-Registration-Essentials of good brand-methods-classes-advantages.
Packing and packages- need-requisites of good package- kinds advantage. Marketing risks-causes-methods- of minimizing risks.
Financing –meaning and importance of finance –kinds of financial requirements- methods of financing. Transportation –importance and functions-modes-advantages and disadvantages of road, railway ,water and air transportation, Storage and warehousing-meaning and importance –functions-types. Market information-importance-methods of collecting market information-internal and external sources. Salesmanship-meaning, nature and importance.Salesman-meaning, qualities,duties and responsibilities,types of salesmen, recruitment and recruitment tools-training of salesmen-need and objects-contents of training scheme-various methods of training with merits and limitations of each.
Remuneration to salesman –objectives-essentials of good remuneration-plan-methods-merits and demerits of each method-traveling Expenses of salesmen. Supervision and control of salesmen-Requisites-methods.
Sales organization-need and importance of sales department-types of sales organization. Sales manager-quality of sales manager –duties and responsibilities-types. Sales promotion-objectives-methods of advertising-social and economic effects-Consumerism-Consumer movement in India.
1. Philip Kotler - Marketing and Salesmanship.
2. Belling G.L. - Sales Management.
3. Sinha S.C. - Marketing and salesmanship.
4. Sathiyanarayanan - Salesmanship, Sales Management and Administration.
ADVANCED FINANCIAL ACCOUNTING
CHAPTER NO. NAME OF THE CHAPTER
1. Self balancing System
2. Sectional Balancing System
3. Hire Purchases and Installment System
4. Royalty Account
5. Contract Accounts
6. Investment Accounts
7. Accounts of Containers of Packages
8. Admission Of a partner
9. Partnership Final Accounts
10. Retirement of a partner
11. Joint life Policy
12. Amalgamation of Firms
13. Dissolution of Firms
14. Insolvency Account
15. Department Account
16. Branch Account
BUSINESS MATHEMATICS & STATISTICS
Business Statistics – meaning, definition uses & limitations – collection of primary & secondary data – sampling methods.
Measurement of Central tendency – mean, median, mode, Geometric mean, Harmonic mean – advantages & disadvantages & calculation.
Measures of dispersion – Range, Quartile deviation, Mean deviation, standard deviation – Advantage, disadvantage & calculation – Skowness – Kall Pearlson & Bowley’s coefficient of skewness.
Correlation – meaning, types, - calculation of Karl Pearlsons coefficient of correlation – Rank correlation (only individual observation).
Regression – meaning – calculation of X value & Y value.
Time series – meaning – components – uses – Calculation, movement average – seasonal index - & trend value of straight line method.
Analytical geometry – polar distance between two points – slope of straight line – Equation of straight line – business application – modeling by liner functions.
Algebra – Theory of indices – Zero & negative indices – (without Fractional indices – Laws of indices – Matrics – concepts – proof) – multiplication – matric inverse.
Differential Calculas: Introduction – variables & constants – Functions – Differential coefficients – Algebra of derivatives – sign of derivatives – Maxima & minima of fraction – Simple application to human problems.
BOOKS FOR REFERENCE:
1. Statistical Methods – S.P. Gupta.
2. Statistics – D.N. Elhmee.
3. Business Statistics – C.P. Gupta.
4. Business Mathematics – D.C. Sanchit & V.K. Kapoor.
Management accountancy: Meaning – definition – objectives – relationship between cost , financial and management accounting .
Financial statements analysis and interpretation : Accounting ratios, their significance , Utility and limitation , analysis for liquidity profitability and solvency.
Fund flow and cash analysis – forecasting of funds requirements – working capital requirements.
Budget and Budgetary control: Objectives and advantages limitation , master budget and functional budgets – flexible budget – cash budget – techniques of capital budgeting.
Management Information system and reporting Meaning importance – nature of information needed for management decision making – cost centre – profit centre – types of reports – requisites of a good report.
1. Principles of Management Accounting - S.N. Maheswari.
2. Principles of Management Accounting - Prof. Saravanavel.
3. Management Account - Hingorani and Ramanathan.
4. Lectures in Management Accounting - Dr. S.K. Basu.
5. Financial Statement Analysis – R.K. Gupta.
6. Management Accounting - Vasudevan Ghosh.
Definition of costing –important uses of costing objects and advantages-difference between cost and financial accounts –Installation of costing systems –Analysis and classification of costs – preparation of cost sheet – Reconciliation cost and financial books .
Materials-purchase procedure-requisition for material control-recording and controlling of material department. Maintenance of stores – Minimum level- Maximum level, reorder level-Economic order quantities –perpetual inventors-Control wastage and scrap and spoilage.
Method of remunerating Incentive scheme-idle time-control over idle time –job evaluatioin –Merit rating- time studies-labor turnover meaning –and measurement.
Accounting of over heads fixed and variable overheads – basis of charging overheads –allocation-appoitment and absorption-distinction between works overhead, Administration over head, selling over head and distribution over head-Distribution of service over head including secondary distribution.
Job costing-problems including procass cost normal loss and abnormal loss and abnormal gains only- Marginal costing-Applications of marginal costing-standard costing variance analysis –Material variance labour variance-over head variance-(fixed and variable)seals variance.
1. Cost Accounting methods and problems - B.K.Ghose.
2. Cost Accounts – S.P.Jain and K.C .Narang
3. Cost Accounts - P.P.DAs Gupta
4. Principles and practice of cost accounting – N. Sarkar.
5. Cost Accounts - L.N.Gupta.
Issue, Forfeiture and Re issue of shares – redemption of preference shares – issue and redemption of debentures - underwriting of shares and debenture.
Acquisition of Business and profits prior to Incorporation – valuation –of shares and good will – Financial accounts of Companies.
Amalgamation. Absorption and Internal and External reconstruction – statement of affairs and liquidation of accounts – liquidators – Final statements – of record.
Banking Company accounts – Insurance companies accounts – Life and general insurances – holyday Company accounts.
Double account system including accounting for replacement of assets - accounting for price level changes – Human resource accounting – social accounting (Theory only).
1. Advanced Accountancy – M.C. Shukla and T.S. Gerwal.
2. Advanced Accountancy – R.L. Gupta and M. Rathaswami.
3. Advanced Accountancy – S.P. Jain and K.C. Narang.
4. Advanced Accountancy – Chakhroborty.
5. Advanced Accountancy – S.P.Iyengar.
6. Advanced Accountancy – Dr. Arulanandam and Dr. Raman.
Law of contracts – valid Contract – Acceptance – Communication – Novation – Consideration – capacity of parties – free Concept – coercion – undue influence – fraud – misrepresentation – mistake – void agreements – performance of contract – Quesi contracts – Discharge of contract – remedies for breach.
Law of sale of Goods – contract of sale conditions and warranties – Transfer of property and Title to Goods – Rights and Duties of Seller and Buyer – rights of unpaid vendor – Bailment and pledge – duties of Bailer and Bailee – Bailee’s view.
Contract of Agency – Mercantile agents – Rights and Duties of agents and principal – Liability of Agent and principal to third parties – Contract of Indemnity and Guarantee – Rights and Liabilities of surety – Discharge of Surety.
Factories act – definition – Health, safety, Welfare, and working hours of adult workers – Employment of woman and young person’s – leave with wages.
Industrial dispute act – Authorities under the act – Power and duties of authorities – strike, Lockout, lay – off and retrenchment Employees – State Insurance act – Benefits to employees under the act – minimum rate of Wages and payment of minimum wages.
1. Mercantile Law – S. Venkatesan.
2. Manual of Mercantile Law – M.C.Shukla.
3. Mercantile Law – N.D. Kapoor.
4. Mercantile Law – M.C. Kuchal.
5. Mercantile Law – B.C. Chawla and K.C. Cara.
Origin, meaning and objectives-Difference between accountancy, auditing and Investigation-various types of audit- statutory audit- Audit Procedure, Audit Programme, Audit working papers, Test Checking and Routine checking-preliminaries to the audit Importance and limitation of audit.
Meaning – objectives, distinction between internal control and internal audit –essentials of a sound system of internal check-Internal check with regard to different items.
Meaning, objectives and importance-vouching of cash transactions-vouching of ledger accounts.
Verification and Valuation of Assets
Various assets –meaning methods of verification and valuation-objectives. Company Auditor-Appointment qualifications, disqualifications, Remunerations, removal rights , du