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Commerce & Accountancy – Optional (Main Examination)
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Paper-I
Accounting & Finance
Part-I
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| Accounting, Taxation & Auditing
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| Financial Accounting
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| Accounting as a financial information
system; Impact of behavioural sciences.
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Accounting
Standards e.g., accounting for depreciation, inventories, gratuity,
research and development costs, long term construction contracts, revenue
recognition, fixed assets, contingencies, foreign exchange transactions,
investments and government grants.
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| Advanced problems of company accounts.
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| Amalgamation absorption and
reconstruction of companies.
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| Valuation of shares and goodwill.
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| Cost Accounting
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| Nature and functions of cost accounting.
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| Job Costing
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| Process Costing
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Marginal
Cositng; Techniques of segregating semi-variable costs into fixed and
variable costs.
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Cost-volume-profit
relationship; aid to decision making including pricing decisions, shutdown
etc.
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| Techniques of cost control and cost
reduction.
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| Budgetary control, flexible budgets.
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| Standard costing and variance analysis.
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| Responsibility accounting, investment,
profit and Cost centres.
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| Taxation
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| Definitions
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| Basis of charge.
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| Incomes which do not form part of total
income.
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Simple
problems of computation of income under various heads, i.e., salaries,
income from house property, profits and gains from business or profession,
capital gains, income of other persons included in assessee's total
income.
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| Aggregation of income and set off/carry
forward of loss.
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| Deductions to be made in computing total
income.
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| Auditing
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| Audit of cash transactions, expenses,
incomes, purchases, sales.
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Valuation
and verification of assets with special reference to fixed assets, stocks
and debts.
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| Verification of liabilities.
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Audit of
limited companies; appointment, removal, powers, duties and liabilities of
company auditor, significance of 'true and fare', MAOCARO report.
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| Auditor's report and qualifications
therein.
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Special
points in the audit of different organisations like clubs, hospitals,
colleges, charitable societies.
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Part-II
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| Business Finance and Financial
Institutions.
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Finance
Function-Nature, Scope and Objectives of Financial Management-Risk and
Return relationship.
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| Financial Analysis as a Diagnostic Tool.
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Management
of Working Capital and its Components-Forecasting working capital needs,
inventory, debtors, cash and credit management.
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Investment
Decisions-Nature and Scope of Capital Budgeting-Various types of decisions
including Make or Buy and Lease or Buy-Techniques of Appraisal and their
application-
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| Consideration of Risk and
Uncertainty-Analysis of Non-financial Aspects.
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Rate of
Return on Investments-Required Rate of Return-its measurement-Cost of
Capital-Weighted Average Cost-Different Weights.
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| Concepts of Valuation-Valuation of
firm's Fixed Income Securities and Common Stocks.
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Dividend and
Retention Policy-Residual Theory or Dividend Policy-Other Models-Actual
Practices.
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Capital
Structure-Leverages-Significance or Leverages-Theories of Capital
Structure with special reference to Modigliani and Miller approach.
Planning the Capital Structure of a Company; EBIT-EPS Analysis, Cash-flow
ability to service debt, Capital Structure Ratios, other methods.
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| Raising finance-short term and long
term. Bank finance-norms and conditions.
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Financial
Distress-Approaching BIFR under Sick Industrial Undertakings Act : Concept
of Sickness, Potential Sickness, Cash Loss, Erosion of Networth.
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Money
Markets-the purpose of Money Markets, Money Market in India-Organization
and working of Capital markets in India-Organization, Structure and Role
of Financial Institutions in India. Banks and Investing
Institutions-National and International Financial Institutions-their norms
and types of financial assistance provided-inter-bank lending-its
regulation, supervision and control. System of Consortium-Supervision and
regulation of banks.
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| Monetary and Credit policy of Reserve
Bank of
India
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Paper-II
Organisation Theory and Industrial Relations
Part-I
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Organisation
Theory
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Nature and
concept of Organisation-Organisation goals; Primary and secondary goals,
Single and multiple goals, ends means chain-Displacement, succession,
expansion and multiplication of goals-Formal organisation; Type,
Structure-Line and Staff, functional matrix, and project-Informal
organisation-functions and limitations.
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Evolution of
organisation theory : Classical, Neo-classical and system
approach-Bureaucracy; Nature and basis of power, sources of power, power
structure and politics-Organisational behaviour as a dynamic system :
technical, social and power systems-interrelations and
interactions-Perception-Status system. Theoretical and empirical
foundation of theories and Models of motivation. Morale and
productivity-Leadership : Theories and styles-Management of conflicts in
organisation-Transactional Analysis-Significance of culture to
organisations. Limits of rationality-Organisational change, adaptation,
growth and development, Professional management Vs. family management,
Organisational control and effectiveness.
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Part-II
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| Industrial Relations.
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Nature and
scope of indsutrial relations, the socio-economic set-up, need for
positive approach.
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Industrial
labour in
India
and its commitment-stages of commitments. Migratory nature-merits and
shortcomings.
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| Theories of Unionism.
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Trade Union
movement in India-origin, growth and structure; Attitude and approach of
management of India-recognition. Problems before Indian Trade Union
movement.
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| Industrial disputes-sources; strikes and
lockouts.
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| Compulsory adjudication and collective
bargaining-approaches.
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Worker's
participation in management-philosophy, rationale; present day state of
affairs and future prospects.
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| Prevention and settlement of industrial
disputes in
India
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| Industrial relations in Public
Enterprises.
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| Absenteeism and labour turnover in
Indian Industries-causes
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| Relative wages and wage differentials;
wage policy.
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| Wage policy in
India
; the Bonus issue.
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| I.L.O. and
India
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| Role
of Personnel Department in the Organisation. |
