Masters of Commerce

Masters of Commerce

Course Structure

Principles of Accounting: as information system, as a language factors influencing
accounting environment. Accounting and economic development. Concept of Accounting
Theory. Role and classification of Accounting Theory. Approaches of Accounting Theory.
Accounting Concepts, Postulates, and Principles: G.A.A.P., Accounting Policies.
Revenue Recognition, Study of AS-9, Concept of Expenses, Gain and losses.
Revenue Measurement and its relevance: various concept of Income: Accounting
concept, Economic concept and capital maintenance concept, Operating and Non-operating
activities, Concept of comprehensive Income, Prior period items and extraordinary items.
Conceptual study of Accounting for Changing prices, Segment Reporting, Social
Accounting.
Interim Reporting, Conceptual Human Resource Accounting, Value Added Reporting.
Environmental Accounting and reporting.
Advanced problems of Final Accounts
Advanced Problems of Bank Reconciliation Statement, Rectification of
Errors, Accounting for Non Profit Organisation.
Accounting from Incomplete Records, Accounting for Insurance Claim.
Investment A/c, Voyage A/c, Insolvency A/c.
Dissolution of partnership firm including sales of Firm and Amalgamation.
Theory of Probability - Probability Distributions, Binomial, Poisson and
Normal Distribution
Theory of Sampling and Test of Signification
Analysis of Variance (including one way and two way classification), Chisquare
Test.
Interpolation and Extrapolation. Association of Attributes.
Regression Analysis, Statistical Decision Theory:- Decision under Risk and
Uncertainty, Decision Tree Analysis.