MCom Syllabus 2027: Semester & Subject-wise Syllabus

First Semester

Second Semester

Third Semester

Fourth Semester

Indian Accounting Standards

Advanced Managerial Accounting

Research Methodology & Quantitative Techniques

Strategic Management

Managerial Economics & Business Environment

Organization Behavior & Human Resource Management

Cost Accounting and Control

Taxation

Marketing Management

E-Commerce

Elective-I (Theory) / Elective-I (Computer Practical)

Elective-III (Theory) / Elective-III (Computer Practical)

Financial Management

Investment Management

Elective-II (Theory) / Elective-II (Computer Practical)

Project Work

Area of Elective

Semester III – Elective Papers

Semester IV – Elective Paper

Finance

International Financial Management
Security Analysis and Portfolio Management

Financial Derivatives

Accounting

Advanced Corporate Accounting
Financial Statement Analysis

Advanced Cost Accounting and Control

Marketing

Consumer Behavior and Services Marketing
Supply Chain Management and Customer Relationship Management

International Marketing and Marketing Research

Taxation

Indirect Taxation
Tax Planning

International Taxation

Human Resource Management

Organisation, Employee and Executive Development
Industrial Relations and Labour Laws

Talent and Knowledge Management for Strategic Leadership

Banking and Insurance

Financial Technology Services and Management
International Banking

Principles and Practice of Life and Health Insurance

Business Analytics

Business Analytics using Excel
Data Visualization

Data Science using R and Python

E-Commerce

Netiquette and Cyber Security
Network Infrastructure and Payment System

Legal Security in E-Commerce

Computer Applications

Cyber Laws
Advanced Excel

Web Designing

Entrepreneurship Development

Entrepreneurship and Business Opportunity
Dynamics of Entrepreneurial Development

Entrepreneurship and Business Models

Unit

Topics Covered

Unit I: Introduction

Meaning and Evolution of Accounting; Accounting as an Information System; Accounting Principles; Need for Accounting Standards; Concept of Accounting Standards; IASB; ASB India – Constitution, Functions and Procedure for Setting Standards; Concept of IFRS; Convergence of Accounting Standards; Concept of Ind-AS; Major Differences between Ind-AS (New) and AS (Old); Applicability/Adoption of Ind-AS (Road Map)

Unit II: Indian Accounting Standards (Ind-AS)

Overview of Ind-AS 1 to Ind-AS 24; Ind-AS 1: Presentation of Financial Statements; Ind-AS 2: Inventories; Ind-AS 7: Cash Flow Statements; Ind-AS 8: Accounting Policies, Changes in Accounting Estimates and Errors; Ind-AS 10: Events after the Balance Sheet Date; Ind-AS 12: Income Taxes; Ind-AS 16: Property, Plant and Equipment; Ind-AS 19: Employee Benefits; Ind-AS 20: Accounting for Government Grants and Disclosure of Government Assistance; Ind-AS 21: Effects of Changes in Foreign Exchange Rates; Ind-AS 23: Borrowing Costs; Ind-AS 24: Related Party Disclosure

Unit III: Indian Accounting Standards (Ind-AS)

Overview of Ind-AS 27 to Ind-AS 41; Ind-AS 27: Separate Financial Statements; Ind-AS 28: Investments in Associates and Joint Ventures; Ind-AS 29: Financial Reporting in Hyperinflationary Economies; Ind-AS 33: Earnings Per Share; Ind-AS 34: Interim Financial Reporting; Ind-AS 36: Impairment of Assets; Ind-AS 37: Provisions, Contingent Liabilities and Contingent Assets; Ind-AS 38: Intangible Assets; Ind-AS 40: Investment Property; Ind-AS 41: Agriculture

Unit IV: Indian Accounting Standards (Ind-AS)

Overview of Ind-AS 101 to Ind-AS 106; Ind-AS 101: First-time Adoption of Indian Accounting Standards; Ind-AS 102: Share-based Payments; Ind-AS 103: Business Combinations; Ind-AS 104: Insurance Contracts; Ind-AS 105: Non-current Assets Held for Sale and Discontinued Operations; Ind-AS 106: Exploration for and Evaluation of Mineral Resources

Unit V: Indian Accounting Standards (Ind-AS)

Ind-AS 32, Ind-AS 107 and Ind-AS 109: Financial Instruments – Recognition, Presentation and Disclosure; Ind-AS 108: Operating Segments; Ind-AS 109: Financial Instruments; Ind-AS 110: Consolidated Financial Statements; Ind-AS 111: Joint Arrangements; Ind-AS 112: Disclosure of Interests in Other Entities; Ind-AS 113: Fair Value Measurement; Ind-AS 114: Regulatory Deferral Accounts; Ind-AS 115: Revenue from Contracts with Customers; Ind-AS 116: Leases

Unit

Topics Covered

Unit I: Nature and Scope of Managerial Economics

Meaning, Nature and Scope of Managerial Economics; Managerial Decision-Making Process; Firm – Meaning and Objectives; Economic Profit vs. Accounting Profit; Concept of Derivative; Simple Rules of Derivation; Application of Derivatives to Total, Average and Marginal Cost and Revenue Functions; Demand Theory and Analysis; Individual Demand and Market Demand; Factors Determining Demand; Elasticity of Demand – Price, Income and Cross Elasticity; Elasticity of Demand and Decision-Making

Unit II: Production and Cost Analysis

Meaning of Production Function; Cobb-Douglas Production Function; Production with One Variable Input; Optimal Employment of Factors of Production; Production with Two Variable Inputs; Production Isoquant and Production Isocost; Optimal Employment of Two Variable Inputs; Expansion Path; Economies of Scope; Concepts of Cost; Cost Function; Short-Run Cost Functions; Minimum Average Variable Cost through Equations; Long-Run Cost Function

Unit III: Market Structure

Market Structure and Classification into Perfect and Imperfect Markets; Perfect Competition – Characteristics, Equilibrium Price Determination and Shutdown Decision; Monopoly – Characteristics, Allocative Inefficiency, Income Transfer, Rent Seeking and Price Discrimination; Monopolistic Competition – Characteristics, Price and Output Determination in the Short Run and Long Run; Oligopoly – Characteristics, Price Rigidity and Kinked Demand Model

Unit IV: Indian Business Environment – LPG

Business Environment – Concept; Economic Planning; NITI Aayog; Liberalisation; Economic Reforms and Second-Generation Reforms; Privatisation – Concept, Forms, Privatisation in India, Impact and Issues; Globalisation – Meaning, Drivers and Modes of Entry

Unit V: International Business Environment

Foreign Capital; Foreign Direct Investment (FDI); Foreign Portfolio Investment (FPI); Foreign Institutional Investment (FII); Foreign Exchange Management Act (FEMA) – Objectives and Provisions; World Trade Organization (WTO) – Functions and Objectives; Agreement on Agriculture (AOA); General Agreement on Trade in Services (GATS); Trade-Related Aspects of Intellectual Property Rights (TRIPS); Trade-Related Investment Measures (TRIMS); Regional Economic Integration – European Union (EU), Association of Southeast Asian Nations (ASEAN), North American Free Trade Agreement (NAFTA), South Asian Association for Regional Cooperation (SAARC) and BRICS

Unit

Topics Covered

Unit I: Basics of Marketing

Meaning and Definition of Marketing; Scope of Marketing; Marketing Management Orientations/Concepts – Product, Production, Selling, Marketing and Holistic Marketing; Marketing Mix; Market Segmentation – Concept, Bases of Segmenting Consumer and Business Markets, Requirements of Effective Segmentation; Target Market – Concept and Market Targeting Strategies; Positioning – Concept, Bases of Positioning and Positioning Maps

Unit II: Marketing Planning, Analysis and Consumer Buying Behaviour

Marketing Planning and Analysis – Meaning, Contents of a Marketing Plan, Marketing Implementation and Control; Organising the Marketing Department; Marketing Controls – Annual, Profitability, Efficiency and Strategic Controls; Consumer Markets – Factors Influencing Consumer Behaviour; Models of Consumer Behaviour – Marshallian, Maslow and Howard-Sheth Models; Consumer Decision-Making Process; Business Markets – Nature of Buying Unit, Participants in Business Buying and Business Buying Process

Unit III: Product and Price Management

Product – Meaning, Product Levels, Product Classification and Product Mix Decisions; New Product Development Process; Product Life Cycle Strategies; Branding, Packaging and Labelling; Price – Meaning and Pricing Objectives; Pricing Methods – Consumer-Based, Competition-Based and Cost-Based; Pricing Strategies – New Product Pricing, Product Mix Pricing, Price Adjustment Strategies and Pricing Across Channels

Unit IV: Promotion and Place Management

Promotion Mix and its Elements; Advertising – Objectives, Budget, Media and Effectiveness; Personal Selling – Steps; Sales Promotion – Objectives and Tools; Public Relations and Publicity – Public Relations Tools; Direct Marketing and its Forms; Marketing Channels – Channel Levels, Types, Design Decisions and Management Decisions; Channel Conflict and Conflict Resolution; Wholesaling – Types of Wholesalers; Retailing – Formats of Retail Stores

Unit V: Developments in Marketing

Services Marketing – Concept and Services Marketing Mix; Consumerism – Causes and Effects; Sustainable Marketing – Principles and Strategies; Meta Marketing; Strategic Marketing; Cross-Cultural Marketing; Entrepreneurial Marketing – Types and Strategies; Affiliate Marketing

Unit

Topics Covered

Unit I: Introduction to Financial Management

Financial Management – Meaning, Evolution, Organisation of Finance Function, Financial Decisions, Goals of Financial Management, Agency Problem and Changing Role of Finance Manager; Time Value of Money – Meaning, Rationale of Time Preference for Money, Future Value and Present Value

Unit II: Capital Budgeting

Capital Budgeting – Meaning, Importance, Process, Kinds of Decisions and Techniques; Traditional Techniques – Payback Period and Accounting/Average Rate of Return; Discounted Techniques – Discounted Payback Period, Net Present Value, Internal Rate of Return and Profitability Index; Capital Rationing; Risk Analysis in Capital Budgeting – Sources and Perspectives of Risk, Traditional Tools, Risk-Adjusted Discount Rate, Certainty Equivalent Method, Coefficient of Variation and Decision Tree Analysis

Unit III: Working Capital Management

Working Capital Estimation – Meaning, Kinds, Determinants, Sources, Levels and Estimation of Working Capital Requirements; Cash Management – Nature of Cash, Motives of Holding Cash, Objectives, Factors Determining Cash Needs, Cash Cycle and Optimum Cash Balance; Receivable Management – Meaning, Objectives, Cost-Benefit Analysis, Credit Standards, Credit Terms and Collection of Receivables; Inventory Management – Meaning, Components, Motives of Holding Inventory, Objectives and Tools and Techniques of Inventory Control

Unit IV: Financing Decisions

Cost of Capital – Meaning, Significance, Classification of Costs, Specific Cost of Capital, Cost of Debt, Cost of Preference Share Capital, Cost of Equity Share Capital, Cost of Retained Earnings, Weighted Average and Marginal Cost of Capital; Leverages – Meaning, Types, EBIT-EPS Analysis, Operating Leverage, Financial Leverage, Combined Leverage and Indifference Point; Capital Structure – Meaning, Determinants and Theories including Net Income Approach, Net Operating Income Approach, Traditional Approach and Modigliani-Miller Approach

Unit V: Dividend Decisions

Dividend Policy – Meaning, Types of Dividend Policies, Factors Influencing Dividend Policy and Forms of Dividends; Dividend Theories – Relevance Theories, Walter's Model, Gordon's Model and Irrelevance Theory, Modigliani-Miller Hypothesis

Unit

Topics Covered

Unit I: Analysis of Financial Statements

Financial Statements – Meaning, Objectives, Types, Uses and Limitations; Analysis of Financial Statements – Meaning and Techniques; Ratio Analysis – Meaning and Classification of Ratios: Current Ratios, Solvency Ratios, Activity Ratios and Profitability Ratios; DuPont Analysis; Cash Flow Analysis – Meaning and Preparation of Cash Flow Statement as per Ind-AS 7

Unit II: Responsibility Accounting and Transfer Pricing

Responsibility Accounting – Concept, Steps and Responsibility Centres; Types of Responsibility Centres – Cost Centre, Revenue Centre, Profit Centre and Investment Centre; Preparation of Responsibility Accounting Reports; Transfer Pricing – Concept and Methods: Market-Based Pricing, Cost-Based Pricing, Negotiated Pricing and Dual Pricing

Unit III: Inflation Accounting and Income Measurement

Inflation Accounting – Concept; Limitations of Historical-Cost Financial Statements; Methods of Inflation Accounting – Current Purchasing Power Method and Current Cost Accounting Method; Income Concepts for Financial Reporting; Measurement and Reporting of Revenues, Expenses, Gains and Losses; Analysis of Changes in Gross Profit

Unit IV: Financial Measures of Performance

Return on Investment – Concept, Uses and Limitations; Economic Value Added – Concept, Significance and Measurement; Balanced Scorecard – Concept, Objectives and Perspectives; Multiple Scorecard Measures to a Single Strategy

Unit V: Managerial Decision Making

Cost Concepts for Decision Making; Marginal Costing and Decision Making; Pricing Decisions; Product Decisions; Profit Planning; Level of Activity; Key/Limiting Factor; Dropping a Product Line; Introducing a New Product Line; Product/Sales Mix Decisions; Make-or-Buy Decisions

Unit

Topics Covered

Unit I: Organizational Behaviour and Individual Influence

Organizational Behaviour – Features, Scope, Fundamentals, Concepts, Challenges and Opportunities; Factors Affecting Organizational Effectiveness; Individual Behaviour – Factors Influencing Individual Behaviour; Learning Theories – Classical Conditioning, Operant Learning and Social Learning; Attitudes and Behaviour; Perceptual Process; Factors Influencing Perception – Internal and External

Unit II: Motivation, Morale, Culture and Conflict

Motivation – Theories and Motivational Processes; Content Theories – Maslow and Herzberg; Process Theories – Goal-Setting Theory and Reinforcement Theory; Morale – Factors Influencing Morale; Organizational Culture – Characteristics, Sustaining and Changing Culture; Conflict – Functional and Dysfunctional Conflict, Conflict Process and Managing Conflict

Unit III: Leadership, Communication and Change

Leadership and Management; Leadership Styles; Theories of Leadership – Trait Theory, Behavioural Model and Managerial Grid, Contingency Theory; Learning Organization – Characteristics and Role of Leader; Managing Diversity – Benefits and Strategies; Work-Life Balance – Significance and Steps; Stress Management – Factors Affecting Stress Management; Virtual Organizations

Unit IV: Human Resource Management and Planning

Human Resource Management – Concepts, Significance, Objectives, Scope and Functions; Changing Role of Human Resource Manager; Human Resource Management Policies; Human Resource Development – Concept, Scope and Objectives; Job Design – Approaches; Job Analysis – Objectives, Job Description, Job Specification and Methods; Human Resource Planning – Concept, Objectives, Factors Affecting Planning and Process; Recruitment – Objectives and Sources; Selection – Procedure, Tests and Interviews; Placement, Induction, Promotion and Transfer

Unit V: Developing and Maintaining Human Resources

Training – Assessing Training Needs, Methods and Evaluation; Performance Appraisal – Concept and Methods; Potential Appraisal – Concept; Job Evaluation – Methods; Essentials of Sound Wages; Grievances – Meaning, Procedure, Benefits and Grievance Redressal System; Collective Bargaining – Types and Essential Conditions for Success; Workers' Participation in Management

Unit

Topics Covered

Unit I: Introduction

E-Commerce; E-Business; Potential Benefits of E-Commerce; Driving Forces of E-Commerce; Business Process Re-Engineering; E-Commerce Applications; Regulatory Environment for E-Commerce; Competitive Intelligence on the Internet; Future of E-Commerce

Unit II: Electronic Data Interchange, E-Commerce and Internet

Electronic Data Interchange – Introduction, Traditional Electronic Data Interchange Systems, Benefits and Drawbacks, Data Transfer and Standards; Financial Electronic Data Interchange; Electronic Data Interchange Systems and the Internet; Legal Security and Privacy Concerns; Authentication Methods; Firewalls and Factors Considered in Securing Firewalls; Internet Trading Relationships – Business to Consumer, Business to Business, Consumer to Business and Government to Consumer; Features and Benefits; Portal vs Website; Supply Chain Management

Unit III: Electronic Payment Mechanisms and Web Page Designing

Electronic Payment Mechanisms – Introduction; Secure Electronic Transaction Protocol; Secure Electronic Transaction vs Secure Sockets Layer; Payment Gateway; Certificate Issuance; Trust Chain; Cryptography Methods; Encryption Technology; Digital Signatures; Dual Signatures; Secure Electronic Transaction Logo Compliance Testing; Status of Software; Magnetic Strip Cards; Smart Cards; Electronic Cheques; Electronic Cash; Third-Party Processors and Credit Cards; Risk and Electronic Systems; Designing Electronic Payment Systems

Unit IV: Introduction to HTML

Introduction to HTML; Basic Syntax; Basic Text Formatting; Images; Lists; Tables – Basic Table Structure, Borders and Margins, Width and Height, Alignment, Colour, Background Images and Captions; Formatting Content within Table Cells – Alignment, Cell Padding, Colours, Line Breaks, Spanning Columns and Rows; Hypertext Links

Unit V: Advanced Excel

Excel Introduction; Screen Overview, Navigation and Basic Spreadsheet Concepts; Selection Techniques; Shortcut Keys; Basic Functions – Sum, Average, Max, Min, Count and Counta; Absolute, Mixed and Relative Referencing; Financial and Statistical Functions; Formatting and Proofing – Currency Format, Format Painter, Dates, Custom and Special Formats, Number and Font Formats, Alignment and Borders; Basic Conditional Formatting; Data Validation – Number, Date and Time, Text and List Validation; Custom Validation Based on Formula; Dynamic Dropdown Lists; Dependency Lists; Pivot Tables – Creating Simple Pivot Tables, Value Field Settings, Classic Pivot Table, Field Selection, Filtering, Modifying PivotTable Data, Grouping by Numbers and Dates, Calculated Fields and Calculated Items

Unit

Topics Covered

Unit I: Introduction to Investment Management

Investment – Meaning, Characteristics, Importance, Objectives, Factors of Sound Investment, Investment Environment, Investment Media, Principles of Investment, Speculation, Gambling and Investment Process; Financial Assets – Meaning, Classification, Shares, Debentures, Bonds, Innovative Financial Assets and Properties of Financial Assets

Unit II: Indian Capital Markets – An Overview

Primary Market – Meaning, Growth and Development, Role of National Industrial Development, Methods of Issues, Parties Involved, Allotment Process, Investor Protection and Recent Trends; Secondary Market – Meaning, History, Functions, Regulatory Framework, Listing and Delisting of Securities, Trading Procedure, Stock Exchanges in India, Growth of Stock Exchanges and Securities and Exchange Board of India – Functions and Role; Security Market Index – Meaning, Different Averages and Indices, Construction and Maintenance of Indices, Problems with Security Market Indices and Stock Market Index Revision

Unit III: Risk and Return Analysis

Return – Meaning, Holding Period Return, Equivalent Annual Return, Expected Value of Return, Measuring Returns from Historical Data, Average Returns over Multiple Periods, Arithmetic Average, Geometric Average and Rupee-Weighted Average Return; Risk – Meaning, Sources of Risk, Market Risk, Interest Risk, Purchasing Power Risk, Business Risk, Financial Risk, Systematic and Unsystematic Risk, Risk Aversion and Risk Premium; Measurement of Risk – Range, Standard Deviation and Beta as Measures of Risk

Unit IV: Portfolio Analysis

Portfolio Analysis – Meaning, Traditional vs Modern Portfolio Analysis, Return on Portfolio, Risk on Portfolio, Diversification of Investments and Reduction of Portfolio Risk through Diversification; Security Returns – Perfectly Positively Correlated, Perfectly Negatively Correlated and Uncorrelated; Markowitz Model – Assumptions, Parameters, Effect of Combining Two Securities, Interactive Risk through Covariance, Coefficient of Correlation, Change in Portfolio Proportions, Concept of Dominance and Limitations

Unit V: Portfolio Selection

Portfolio Selection – Meaning, Feasible Set of Portfolios, Efficient Set of Portfolios and Selection of Optimal Portfolios; Sharpe Single Index Model – Measuring Security Return and Risk, Measuring Portfolio Return and Risk

Unit

Topics Covered

Unit I: Introduction

Research – Meaning, Purpose, Characteristics and Types; Research Process – Formulation of Objectives, Research Plan and Components; Methods of Research – Survey, Observation, Case Study, Experimental, Empirical and Comparative Methods; Difficulties in Business Research; Collection, Presentation and Analysis of Data; Sources of Data – Primary and Secondary; Methods of Collecting Primary Data; Measurement and Scaling; Designing Questionnaires and Schedules; Census vs. Sampling; Random and Non-Random Sampling Methods and Techniques

Unit II: Interpretation and Report Writing

Interpretation – Introduction, Essentials and Precautions; Conclusions and Generalization; Methods of Generalization; Statistical Fallacies – Bias, Inconsistency in Definitions, Inappropriate Comparisons, Faulty Generalizations, Wrong Inferences, Misuse of Statistical Tools and Failure to Comprehend Data; Report Writing – Meaning and Types of Reports, Stages in Report Preparation, Characteristics of a Good Report, Structure of a Report; Documentation – Footnotes and Bibliography; Checklist for the Report

Unit III: Statistical Estimation, Hypothesis Testing and Sampling of Variables

Statistical Estimation – Population, Sample and Sampling Distribution; Parameters and Statistics; Central Limit Theorem; Standard Error; Confidence Limits; Estimation of Population Parameters; Properties of a Good Estimator; Point and Interval Estimation; Hypothesis Testing – Formulation and Types of Hypotheses, Methods of Testing, Type I and Type II Errors, One-Tailed and Two-Tailed Tests; Sampling of Attributes – Estimation and Testing of Number and Proportions of Success, Difference Between Two Proportions; Sampling of Variables – Large Samples, Population Mean, Significance of Mean, Difference Between Means and Standard Deviations; Small Samples – t-Test, Fiducial Limits, Significance of Mean, Difference Between Independent Means and Difference Between Dependent Means

Unit IV: Analysis of Variance, Association of Attributes and Chi-Square Test

Analysis of Variance – F-Test, Meaning and Applications, ANOVA Assumptions and Procedure, One-Way and Two-Way Analysis of Variance; Association of Attributes – Meaning, Correlation vs. Association, Methods of Studying Association and Interpretation of Results; Chi-Square Test – Definition, Conditions, Yates' Correction, Uses and Limitations, Test for Independence of Attributes and Goodness of Fit

Unit V: Statistical Decision Theory, Game Theory and Linear Programming

Statistical Decision Theory – Nature of Decision, State of Nature, Payoff Tables, Expected Payoff, Expected Opportunity Loss, Value of Perfect Information, Types of Decision Situations, Decision Criteria, Decision Tree Analysis and Decision-Making under Uncertainty; Game Theory – Characteristics, Two-Person Zero-Sum Game, Maximum and Minimax Strategies, Saddle Point, Dominating Strategy, Mixed Strategy and Limitations; Linear Programming – Meaning, Requirements, Assumptions, Advantages, Applications, Formulation of Linear Programming Problems and Graphical Solutions

Unit

Topics Covered

Unit I: Introduction to Cost Accounting

Cost Accounting – Nature and Scope, Need and Objectives; Cost Concepts; Installation of Costing System; Relationship of Cost Accounting with Financial Accounting and Management Accounting; Cost Accounting Standards; Cost Classification; Cost Sheet; Books of Accounts – Integral and Non-Integral Accounting; Reconciliation of Cost and Financial Accounts

Unit II: Process Costing

Process Costing – Meaning, Features, Applicability, Advantages and Limitations; Unit Costing vs. Process Costing; Job Costing vs. Process Costing; Normal Loss and Abnormal Loss; Process Accounts with Stocks; Inter-Process Profit; Equivalent Production; First-In, First-Out (FIFO) Method and Average Method; Joint Products and By-Products

Unit III: Marginal, Absorption and Differential Costing

Marginal Cost – Meaning and Features; Absorption Cost – Meaning, Advantages and Limitations; Marginal Costing vs. Absorption Costing; Preparation of Income Statement under Marginal Costing and Absorption Costing; Differential Costing – Meaning of Differential Cost, Marginal Cost vs. Differential Cost, Characteristics of Differential Costing and Managerial Applications of Differential Cost Analysis

Unit IV: Budgetary Control

Budget – Meaning and Essentials; Budgeting; Budgetary Control – Essentials, Advantages and Limitations; Classification of Budgets; Functional Budgets – Sales Budget, Production Budget, Direct Material Budget, Direct Labour Budget and Manufacturing Overheads Budget; Capital Expenditure Budget; Cash Budget; Master Budget; Flexible Budget; Performance Budget; Traditional System of Budgeting; Zero-Based Budgeting

Unit V: Standard Costing

Standards – Meaning, Types and Establishment; Standard Costing – Need, Prerequisites, Advantages and Limitations; Standard Costing and Budgetary Control; Variance Analysis; Revision of Standards; Control and Efficiency Ratios

Unit

Topics Covered

Unit I: Introduction to International Financial Management

International Financial Management: Meaning, Features and Scope of International Finance; International Financial Management vs. Domestic Financial Management; Factors Influencing the Growth of International Finance; International Monetary System (Theory Only). Balance of Payments Accounting: Accounting Principles; Debit and Credit Entries; Balance of Payments Statement (Theory Only)

Unit II: Foreign Exchange Markets and Exchange Rate Mechanism

Foreign Exchange Market: Features and Major Participants; Spot Market – Features, Arbitrage and Speculation; Forward Market – Features, Arbitrage, Hedging, Speculation and Swapping. Exchange Rate Mechanism: Exchange Rate Quotations; Nominal, Real and Effective Exchange Rates; Exchange Rate Determination in Spot Market; Exchange Rate Determination in Forward Market

Unit III: Foreign Exchange Exposure

Measurement of Foreign Exchange Exposure: Meaning and Relevance of Foreign Exchange Exposure; Classification – Transaction Exposure, Operating Exposure and Accounting Exposure. Management of Foreign Exchange Exposure: Need for Management; Hedging of Transaction Exposure; Hedging of Real Operating Exposure; Management of Accounting Exposure

Unit IV: International Investment Decision

Foreign Direct Investment: Theories of Foreign Direct Investment (FDI); Costs and Benefits of FDI; Strategies for FDI; Control of Multinational Corporations (Theory Only). International Capital Budgeting: Evaluation Criteria – Non-Discounting Methods and Discounting Methods; Computation of Cash Flows; Cost of Capital – Average Cost of Capital, Cost of Debt, Cost of Equity Shares and Cost of Retained Earnings

Unit V: International Financing Decisions

International Financial Markets: Channels for International Flow of Funds; Changing Structure of International Financial Markets; Selection of Sources and Forms of Funds (Theory Only). International Financial Instruments: Euro Credits – Revolving Credit and Term Credit; Euro Bonds – Straight Bonds, Convertible Bonds, Currency Optional Bonds and Floating Rate Notes (FRNs); Euro Currency Deposits – Call Deposits, Term Deposits and Certificates of Deposit

Unit

Topics Covered

Unit I: Overview of Strategic Management

Strategy – Concept; Mintzberg Models of Strategy; Levels of Strategy; Strategic Management – Process, Benefits and Guidelines for Effective Strategic Management; Strategy, Ethics and Social Responsibility; Need for Good Corporate Governance; Corporate Citizenship

Unit II: Environmental Analysis

Internal Analysis: Competitive Advantage; Competencies; SWOT Analysis; Resources, Capabilities and Core Competence; Resource-Based View of a Firm; Key Success Factors; Value Chain Analysis; Benchmarking. External Analysis: Components of External Analysis; Segments of the General Environment; Industry Dominant Factors; Porter's Five Forces Model; PEST Analysis; Industry Driving Forces; Strategic Group Mapping

Unit III: Crafting Strategy

Vision and Mission – Significance, Characteristics and Types; Objectives – Significance, Types and Setting of Objectives; Factors Affecting Strategy; Generic Strategies – Overall Low-Cost Provider, Focused Low-Cost, Broad Differentiation, Focused Differentiation and Best-Cost Provider; Other Strategic Choices – Strategic Alliances, Mergers and Acquisitions, Vertical Integration, Outsourcing, Offensive Strategies, First-Mover Advantages and Disadvantages, Diversification, Modernization and Turnaround Strategies

Unit IV: Executing Strategy (Implementation of Strategy)

Nature of Strategy Implementation; Organizational Issues: Annual Objectives, Policies, Resource Allocation, Organizational Structure, Restructuring, Reengineering, E-Reengineering, Performance Pay, Change Management, Conflict Management, Organizational Culture, Human Resource Issues and Leadership; Marketing Issues: Segmentation, Targeting, Positioning and Marketing Mix; Finance and Accounting Issues: Financing, Investment, Dividend Decisions and Budgets; Performance Evaluation: Return on Investment (ROI), Economic Value Added (EVA), Market Value Added (MVA) and Balanced Scorecard

Unit V: Evaluation of Strategy

Strategic Evaluation – Significance, Criteria and Barriers; Overcoming Barriers to Strategic Evaluation; Strategic Control and Operational Control; Types of Strategic Controls; Process of Operational Control; Evaluation Techniques for Strategic and Operational Control

Unit

Topics Covered

Unit I: Assessment of Hindu Undivided Families

Hindu Undivided Family (HUF) – Meaning; Hindu Coparcenary; Different Schools of Hindu Law; Assessment of HUF – Basic Conditions and Taxable Income; Assessment in Case of Partition of HUF; Computation of Taxable Income and Tax Payable

Unit II: Assessment of Partnership Firms and Association of Persons

Partnership Firm – Meaning; Conditions for Assessment as a Firm under Sections 184 and 185; Treatment of Interest and Remuneration Paid to Partners under Section 40(b); Computation of Total Income; Assessment of Partners of a Firm; Change in Constitution of Firm; Succession of One Firm by Another Firm; Assessment of Dissolved or Discontinued Firm; Partnership Firm Assessed as Association of Persons (AFAOP); Computation of Total Income of Partnership Firm Assessed as Association of Persons (PFAOP)

Unit III: Assessment of Companies

Company – Meaning and Types; Computation Procedure; Taxable Income; Deductions; Tax Liability; Minimum Alternate Tax (MAT); Carry Forward and Set-Off of Losses; Tax on Distributed Profits; Tax on Income Received from Venture Capital Companies and Funds; Computation of Total Income of Companies; Determination of Tax Liability. Other Taxes: Securities Transaction Tax (STT); Tonnage Tax

Unit IV: Assessment of Co-operatives and Trusts

Co-operative Societies: Meaning; Deduction under Section 80P; Other Deductions; Computation of Tax. Trusts: Definition; Creation; Registration; Types of Trusts; Tax Exemptions; Accumulation of Income; Income Not Exempted; Assessment of Trust

Unit V: Fundamentals of Goods and Services Tax and Customs Act

Goods and Services Tax (GST): Introduction; Registration; Inter-State and Intra-State Transactions under GST; Distinction Between Goods and Services; Levy and Collection of GST; Exemptions from GST; Place, Time and Value of Supply; Input Tax Credit; Payment of GST (Theory Only). Customs Act: Meaning; Classification; Types of Customs Duty; Exemptions

Paper

Suggested Reading Books

Indian Accounting Standards

1. Jawaharlal – Accounting Theory and Practice
2. R.L. Gupta & Radhaswamy – Advanced Accountancy

Managerial Economics & Business Environment

1. D.N. Dwivedi – Managerial Economics
2. M.L. Jhingan – Managerial Economics

Marketing Management

1. Philip Kotler – Principles of Marketing
2. Philip Kotler & Kevin Lane Keller – Marketing Management: A South Asian Perspective

Financial Management

1. I.M. Pandey – Financial Management
2. M.Y. Khan & P.K. Jain – Financial Management

Advanced Managerial Accounting

1. Sharma R.K. & Shashi K. Gupta – Management Accounting: Principles & Practice
2. Jawahar Lal – Advanced Management Accounting: Text, Problems and Cases

Organization Behaviour & Human Resource Management

1. Stephen P. Robbins – Organizational Behaviour
2. K. Aswathappa – Human Resource Management

E-Commerce

1. U.S. Pandey, Rahul Srivastava & Saurabh Shukla – E-Commerce and its Applications2. Elias M. Awad – Electronic Commerce

Investment Management

1. V.K. Bhalla – Investment Management
2. Donald E. Fischer & Ronald J. Jordan – Security Analysis & Portfolio Management

Research Methodology & Quantitative Techniques

1. C.R. Kothari – Research Methodology
2. Levin et al. – Statistics for Management

Cost Accounting & Control

1. S.P. Jain & K.L. Narang – Advanced Cost Accounting
2. S.P. Iyengar – Cost Accounting: Principles & Practice

International Financial Management

1. P.G. Apte – International Financial Management
2. V.K. Bhalla – International Financial Management

Strategic Management

1. Fred R. David – Strategic Management
2. Thomas L. Wheelen & J. David Hunger – Strategic Management and Business Policy

Taxation

1. Vinod K. Singhania – Taxman’s Direct Tax Laws
2. V.P. Gaur & D.B. Narang – Income Tax Law and Practice