BUSINESS COMMUNICATION

UNIT – I Definition – Methods – Types – Principles of Effective Communication – Barriers

to Communication – Business Letter – Appearance and Lay out – Requisites of an

effective Letter.

UNIT – IITrade letters – Letter of Enquiry – Quotations offers – Orders – Confirmation –

Execution of orders – cancellation of orders – Complaints and Settlement –

Collection Letters – Sales Letters.

UNIT – III Letter of application – Application for a situation – Reference – Interview

Recommendation (Curriculum Vitae) Appointment – Promotion.

UNIT- IV Business Circular Letters – Precis writing of a Passage relating to commerce.

UNIT – V Modern Forms of Communication – Fax – Email – Video Conferencing - Internet

– Websites and their use in Business.

BOOKS RECOMMENDED :1) Essentials of Business Communication : Rajendrapal and Korlahalli 2) Business Communication : Dr. N. Premavathy3) Modern Commercial Correspondence : R.S.N. Pillai & Bagavathi4) Business Communication : M.S. Ramesh and

C.C. Pattanshetti 5) Business Communication : N.S. Raghunathan

B. Santhanam

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PRINCIPLES OF MANAGEMENT

UNIT – IManagement – Definition – Meaning – Nature – Importance – Functions –

Distinction between Administration and Management – Levels of Management –

Contributions of Taylor – Henry Fayol - Peter F. Drucker.

UNIT – IIPlanning – Definition, Nature and Principles – Importance and Limitation – Kinds

of Planning – steps involved in planning – steps to make planning effective –

Management by Objectives (MBO) – Making MBO effective.

UNIT – III Forecasting – Meaning- Definition – Techniques. Decision Making- Meaning,

Definition and classification – steps in Decision Making – Gudielines for effective

Decision Making.

UNIT- IV Organising – Meaning, Definition, Process of Organisation – formal and Informal

Organisation - forms of organization – Line, function, Line and staff, and

committee organisation.

UNIT – V Departmentation – Need, Importance and Methods – Delegation and

Decentralisation of Authority – Meaning. Importance and Problems - span of

Management – necessity, theories, factors, and kinds.

BOOKS RECOMMENDED : 1) Management Theory and Practice – C.B.Gupta2) Principles of Management – Dr. N. Premavathy 3) Business Management – Dinakar Pagare. 4) Modern Business Organisation & Managment – Sherlekar 5) Principles of Management – L.M. Prasad

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Non - Major Elective I - Basics of Accounting

Unit I Meaning and definition of Accounting Objectives – advantages and disadvantages of accounting.

Unit II Journal – rules for journal entries.

Unit III Ledger – preparation of ledgers.

Units IV Preparation of Trial balance.

Books Recommended:

(1) Introduction to Accounting – T.S. Grewal(2) Advanced Accounting – I –R.S.N. Pillai & Bhagavathy.

(3) Advanced Accounting – Dr. N. Premavathy.

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PRINCIPLES OF ACCOUNTING

UNIT – ISingle Entry – Meaning – Features – Defects – Differences between Single Entry

and Double Entry System – Statement of Affairs Method – Conversion Method.

UNIT – IISelf – balancing Ledger – Features – Merits – Problems.

UNIT – III Branch Accounts – Dependent Branches Stock and Debtors systems – Whole sale

Branch System – Final Account System – Independent Branches – Incorporation.

UNIT- IV Hire Purchase and Installment Purchase System – Meaning – Features – Terms –

Preparation of Accounts – Calculation of Interest – Default – Repossession – Hire

Purchase Trading Account – Preparation Missing information.

Installment Purchases – Meaning – Differences between Installment and Hire

Purchase – Preparation of Accounts.

UNIT – V Depreciation Accounting – Meaning – Causes – Features – Methods of Providing

Depreciation.

a) Fixed Percentage on original costing

b) Fixed percentage on Diminishing balance

c) Annuity method

d) Sinking Fund method

BOOKS RECOMMENDED :

1) Advanced Accounts - R..L. Gupta, V.K. Gupta 2) Financial Accounting - T.S. Reddy, A. Murthy3) Advance Accountancy - S.P.Jain and K.L.Narang 4) Advanced Accounting – Dr. N. Premavathy5) Financial Accounts - S.Parthasarathy and Santhana Gopalan

4

BUSINESS MANAGEMENT

UNIT – IStaffing – Introduction – Recruitment – Meaning and definition – Sources of

Recruitment – Internal Source – External Sources – Selection of candidates –

Stages involved in selection of candidates – Preliminary interview – Test – Types

– Benefits of a test – Interview – Types – Checking References – Medical

Examination – Appointment – Probation – confirmation of service.

UNIT – IITraining – Meaning – Definition Need for Training – Importance Training and

Development – Process of Training – Methods on the job Training – Off the job

Training – Merits and demerits.

UNIT – III Directing – Definition – Characteristics – Importance – Principles – Techniques of

Direction – Delegation – Supervision - Communication – Orders – Types of

Orders – Supervisor – Qualities of a good supervisor.

UNIT- IV Motivation – Meaning – Nature - Importance - process – Theories of Motivation –

Maslow’s Theory – MC Gregor’s “X” and “Y” Theories – Herzberg’s Two

Factors theory – Leadership – Meaning – Characteristics – Qualities of a Leader -

functions and kinds of Leadership styles.

UNIT – V

Controlling – Definition – Nature - Importance – Process – Steps involved in

controlling- Techniques – Both Traditioonal and Modern Methods -

Co-ordiantion – Meaning – Importance of Co-Ordination.- Principles and

techniques.

BOOKS RECOMMENDED :

1) Business Management - Dinakar Pagare2) Business Management - C.B. Gupta3) Principles of Management – Dr. N. Premavathy4) Modern Business Organisation & Management – Sherlekar

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NON – MAJOR ELECTIVE – II - Modern Payment Systems in Banks

Unit I Banking – definition – functions.

Unit II Types of Account – saving – current – fixed Deposits and recurring.

Unit III Payment systems – ATM – virtual banking – Electronic fund transfer – electronic data interchange.

Unit IV Electronic clearing service – credit card – debit card.

BOOKS RECOMMENDED:1. Banking theory law and practice – Dr. N. Premavathy.

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BUSINESS STATISTICSUNIT – IIntroduction to statistics – Statistical methods, uses – limitation. Collection of data

– Sources of data – Calssification and Tabulation of data – Diagrammatic

Representation – Bar diagram – Pie diagram – Ogive - More than Ogive –

Histogram.

UNIT – IIMeasures of averages – Meaning – Concepts – Mean Arithmetic Mean,

Geomentric Mean and Harmonic Mean – Combined Arithmetic Mean –

Correcting Incorrect Mean – Median – Quartiles – Mode – Merits and Demerits of

Averages.

UNIT – III Measures of Dispersion – Definition – Concepts – Methods of measuring

Dispersion – Range – Co-efficent of Range - Quartile Deviation - Co –efficient –

Mean Deviation – Standard Deviation – co – efficient of variation.

UNIT- IV Correlation – Definition - Concepts – Karl Pearson’s Co-efficient of correlation –

Spearman’s Rank Correlation – Concurrent deviation – Regression – Meaning,

Definition, uses, Method of studying Regression.

UNIT – V Regression – Meaning, Definition, uses, Method of studying Regression.

BOOKS RECOMMENDED : 1) Business Statistics - P.R. Vittal 2) Business Statistics – S.P. Gupta & M.P. Gupta 3) Business statistics – Beri 4) Business Statistics – R.S.N. Pillai & V. Bhagavathi 5) A text book of Business Statistics – Padmalochan Hazarika

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LAW OF CONTRACT

UNIT – IMeaning of Law – Definition – Objects - Types – Mercantile Law – Sources of

Mercantile Law – Legal rights – Rights in Personam and Rights in Rem.

UNIT – IIIndian Contract Act – Contract – Definition - Essential elements of valid contract

– Classification of contracts – offer and acceptance- Rules relating thereto-

communication of offer, acceptance and revocation.

UNIT – III Consideration – Rules – Types. Capacity to contract – Flaw in Capacity –

Incompetent persons to enter into a contract. Consent – Free consent – flaw in

consent.

UNIT- IV Legality of object – When an object is considered unlawful and illegal agreements

– Agreements opposed to public policy – Agreements not declared to be void –

Agreements expressly declared void – Wagering agreement – uncertain

agreement.

Performance of contract – Appropriation of payment – Tender – Quasi contract –

Assignment of contract.

UNIT – V Discharge of contract – Methods of Discharge of contract –

Remedies for breach of contract - Rescission – Quantum meruit – Injunction - suit

for specific performance.

BOOKS RECOMMENDED :

1) Commercial law – N.D. Kapoor 2) Mercantile Law – M.C. Kuchal3) Business Law – Dr. N. Premavathy 4) Commercial Law – Sen and Mittal 5) Business Laws – J. Jayasankar

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PRINCIPLES OF INSURANCE

UNIT – IInsurance and Risk – Definition – Types of Risk – Elements of an insurable risk –

Nature of Insurance – Functions of Insurance- Importance of Insurance.

UNIT – IIPrinciples of Insurance – General Principles – Specific Principles – Uberrima fides

– Insurable interest – Indemnity – Proximate cause and subrogation –

Miscellaneous Principles.

UNIT – III Life Assurance – Origin and growth – Principles - Premium Calculation –

Selection of Risks – Important Products – Procedure from proposal to policy -

Assignment – Nomination – Alterations – Claim settlement.

UNIT- IV General Insurance business- Fire Insurance – Meaning – Functions – causes – Fire

Insurance Contract – Principles – Types of Policies and conditions – Rate fixation

– claim settlement.

UNIT – V Marine Insurance – Definition – adventure – Perils – classification – Principles – Types of Policies – Policy conditions – Calculation of losses – marine losses – claim settlement. IRDA Act, 1999.BOOKS RECOMMENDED:

1) Principles and practice of insurance – Dr. N. Premavathy 2) Principles of Risk Management and Insurance – George K. Risha 3) Insurance Law and Practice – M.N. Mishra

9

INDUSTRIAL LAWUNIT – IThe Factories Act, 1948 – Approval, Licensing and Registration, Provision

regarding health, safety and welfare of workers, working hours, employment of

women and young people, leave, Authorities and their powers.

UNIT – IIThe Indian Trade Union Act, 1926 – Registration of Trade Unions – Rights and

Liabilities of Registered trade unions.

UNIT – III Industrial Disputes Act, 1947 – Authorities and their powers and duties – strikes, lockouts, closure, lay-off, retrenchment machinery for the prevention and settlement of Industrial disputes.UNIT- IV Minimum Wage Act, 1948 – Interpretation, fixation and revision of minimum

wages- fixation of wage period – Time of payment, deduction and fines –

appointment of authorities and adjustment of claims.

UNIT – V Workmen’s Compensation Act, 1823, objectives, employer’s liability for

compensation, amount of compensation – Distribution of compensation, notice

and claims – statements regarding fatal accidents – Medical examination – Returns

as to compensation, commissioners, workmen’s compensation.

BOOKS RECOMMENDED : 1) Industrial Law – N.D. Kapoor 2) Industrial Law – S.N. Maheswari 3) Commercial Law & Industrial Law – Arun Kumar Sin 4) Labour and Industrial laws – K. Madhavan Pillai.5) Industrial Laws – P.C. Tripathi and C.B. Gupta

10

PRACTICAL BANKGING UNIT – IOrigin of banks – Banking structure in India- Banking Regulation Act 1949

(Definition of Banking, Licensing, opening of branches, functions of Banks

Inspection) – Role of Banks and economic development.

UNIT – IICommercial banks – functions – traditional and modern – ATM, credit card, debit card, E-banking and electronic fund transfer.Central Banking and Role of RBI and their functions- commercial Banks –

functions – Accepting deposits- Lending of funds, E-Banking E-trading-

Management and investment policies of Commercial banks.

UNIT – III Central Banking – functions – traditional and modern – ATM, credit card, debit card, E-banking and electronic fund transfer.UNIT- IV Customer’s Account with a banker opening of an account – Types of Deposit

Account- operating the bank accounts – Legal aspects – Entries in pass book -

closing of bank accounts – Types of customers (Individuals, firms, Trusts and

companies ) – Importance of customer relations- customer grievances and

redressal.

UNIT – V Negotiable Instrument promissory note – Bills of exchange – Cheque – Draft –

Definitions, Features and characteristics – Crossing – Typing of Crossing and

Endorsement – Material alteration – paying Banker – Rights and duties – statutory

protection – Dishonour of cheques – Role of Collecting Banker.

BOOKS RECOMMENDED : 1) Banking theory Law & Practice – Dr. N. Premavathy2) Banking theory Law & Practice – Dr. K. Nirmala Prasad, J. Chadradass3) Banking Law and Practice – P.N. Varshney4) Principles of bank management – Desai Vasant 5) Banking – Radhaswami M. and A. Vasudevan

11

LAW OF SPECIAL CONTRACTSUNIT – I: Indeminity and Guarantee Indemnity – Definition – Meaning – features – Distinguish Indemnity from

guarantee – Kinds of guarantee- Revocation of continuing guarantee - surety’s

Liability – Rights of surety – Discharge of surety from liability.

UNIT – II: Bailment and Pledge Bailment – Meaning – Requisites – classification – rights and duties of bailor

and bailee – termination – Lien – General and particular Lien – Finder of lost

goods - Pledge – rights and duties of pawner and pawnee – pledge by non-owners.

UNIT – III : Contract of Agency Agency – Meaning – Definition – Essentials – Creation of agency – Kinds of

Agents – Agents authority – Duties and Rights of Principal – Agent when

personally Liable – Delegation of Authority – Sub agent – substituted agent –

Termination of agency – Irrevocable agency – Relation of principal and agent

Relation of principal with third parties.

UNIT- IV : Sale of Goods : Sales – Definition – Formation – Essential elements of Sale – Sale and

agreement to sell – Sale and Hire purchase agreements – Goods – Different types

of good – Rights and Duties of Sellers and buyer – Price - Auction Sale – Rules

relating to delivery of goods.

UNIT – V

Conditions and Warranties – Express and implied conditions and warranties –

Caveat emptor – Exceptions – Transfer of property - Sale by non –owners -

exception to general rule as to title - performance of contract – Rights of an

Unpaid seller.

BOOKS RECOMMENDED : 1) Business Law – Dr. N. Premavathy.2) Mercantitle Law – N.D. Kapoor 3) Business Laws – S. Kathiresan and Dr. V. Radha 4) Business Law – J. Jayashankar

12

ADVANCED ACCOUNTING

UNIT – IAverage Due Date and Account Current – Meaning, calculation of Average Due

Date - Account Current - Meaning – Methods of preparation – Forward Method -

Backward Method – Daily Balance Method.

UNIT – IIDepartmental Accounts – Meaning – Methods, objects– Apportionment of

expenses between various departments – Expenses which cannot be apportioned –

Inter departmental Transfer at Invocie Price / Selling Price – Stock Reserve.

UNIT – III Partnership Accounting –Capital Account – Current Account - Fixed Capital and

Fluctuating Capital – Profit and loss Appropriation Account – Admission of a

partner – Calculation of new profit sharing ratio – sacrificing Ratio - Treatment of

Goodwill.

UNIT- IV Retirement of a partner – Treatment of Goodwill – Revaluation of assets and

liabilities – Gaining Ratio – Settlement to Retiring partner. Death of a partner –

Calculation of Deceased partners share of profit – Joint Life policy.

UNIT – V Dissolution of Partnership – Methods of dissolution – Insolvency of a partner –

Rule in Garner vs Murray – Insolvency of all partners – Piecemeal Distribution –

Maximum loss method.

BOOKS RECOMMENDED :1) Advanced Accounts – R.L. Gupta & V.K. Gupta 2) Financial Accounting – T.S.Reddy & A. Murthy 3) Advanced Accountancy – S.P. Jain & K.L. narang. 4) Advanced Accountancy – M.C. Shukla & T.S.Grewal 5) Financial Accounts – S.Parthasarathy & Santhana Gopalan

13

SMALL BUSINESS DEVELOPMENT

UNIT – ISmall Scale Industries – Meaning, Definition – Importance – Contribution to

National Economy – Classification of Small Scale Industries.

UNIT – IISteps for Starting Small Scale units – Decision to become an entrepreneur – Steps

to be taken in obtaining License – Project Cost – Fixed Cost of production – BEP

– Profitability – Procedure for Registration of Small Scale Industries – Industrial

Estates.

UNIT – III Financing – Fixed Capital – Factors influencing fixed capital requirements –

Sources of Long Term finance – working Capital – Meaning – Kinds – Estimation

– Sources – Institutions – IFCI – SIDO – SIDBI – SSIB – SSIDC – SISI – DIC –

TCO – SFC .

UNIT- IV Selection & Types of organization – Sole Proprietorship – Partnership – Joint

Stock Companys – Factors influencing the choice of organization.

UNIT – V Incentives & subsidies – Meaning – Need – Schemes – Tax Holiday – Seed

Capital Assistance – Taxation Benefits - Interest Free Sales Tax – Concessions –

Rebates – Sickness of Small Scale units and its revivals.

BOOKS RECOMMENDED : 1) Entrepreneurship and small Business Management – B.S.Bhatia 2) Entrepreneurship Development in India – Dr. C.B. Gupta, 3) Entrepreneurship and Economic Development – Prabakara Rao 4) Entrepreneurial Development – VasanthDesai 5) Entrepreneurship Development in India – Batta Charya S.N.

14

ENVIRONMENTAL STUDIES CODE: EN12

UNIT – I : The Multi disciplinary nature of environmental studies Definition, scope and importance

(2 lectures)Need for public awareness

Unit – II : Natural Resources :

Renewable and Non-renewable resources :

Natural resources and associated problems.

a) Forest resources : Use and over –exploitation,

deforestation, case studies. Timber extraction, mining, dams and their effects on

forests and tribal people.

b) Water resources : Use and over-utilization of surface and

ground water, floods, drought, conflicts over water, dams- benefits and problem.

c) Mineral resources : Use and exploitation, environmental

effects of extracting and using mineral resources, case studies.

d) Food Resources : World food problems, changes caused by

agriculture and overgrazing, effects of modern agriculture, fertilizer – pesticide

problems, water logging, salinity, case studies.

e) Energy / resources : Growing energy needs, renewable and

non renewable energy sources, use of alternate energy sources, Case studies.

f) Land resources : Land as a resource, land degradation,

man induced landslides, soil erosion and desertification.

* Role of an individual in conservation of natural resources. * Equitable use of resources for sustainable lifestyles.

(8 lectures)Unit – III : Ecosystems * Concepts of an ecosystem * Structure and function of an ecosystem * Producers, consumers and decomposers * Energy flow in the ecosystem

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* Ecological Succession.* Food chains, food webs and ecological Pyramids * Introduction : types, characteristic features, structure and function of the

following ecosystem :

a. Forest ecosystem

b. Grassland ecosystem

c. Desert ecosystem d. Aquatic ecosystems (ponds, streams, lakes, river, oceans, estuaries)

( 6 lectuers)Unit IV : Biodiversity and its conservation

* Introduction – Definition : genetic, species and ecosystem diversity. * Biogeographical classification of India * Value of biodiversity : consumptive use, productive use, social, ethical, aesthetic and option values. * Biodiversity at global, National and local levels. * India as a mega – diversity nation. * Hot-Spots of biodiversity. * Threats to biodiversity : habital loss, poaching of wildlife, manwildlife conflicts. * Endangered and endemic species of India. * Conservation of Biodiversity : In-situ and Ex-situ conservation of biodiversity

(8 lectures) Unit V : Environmental Pollution

Definition * Causes, effects and control measures of :

a. Air Pollution

b. Water Pollution

c. Soil pollution

d. Marine pollution

e. Noise pollution

f. Thermal pollution

g. Nuclear hazards

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* Solid waste Management : Causes, effects and control measures of urban and industrial wasters. * Role of an individual in prevention of pollution.* Diaster management : floods, earthquake, cyclone and landslides.

(8 lectures) Unit VI : Social Issues and the Environment * From Unsustainable to Sustainable development.* Urban problems related to energy * Water conservation, rain water harvesting, water shed management * Resettlement and rehabilitation of people, its problems and concerns. Case studies. * Environmental ethics : Issues and possible solutions. * Climate change, global warming, acid rain, ozone layer depletion, nuclear

accidents and holocause. Case studies.

* Wasteland reclamation

* Consumerism and Waste products.

* Environment Protection Act.

* Air (Prevention and Control of Pollution) Act.

* Water (Prevention and Control of Pollution) Act

* Wildlife Protection Act

* Forest Conservation Act

* Issues involved in enforcement of environmental legislation

* Public awareness

(7 lectures)

Unit – VII : Human Population and the Environment

* Population growth, variation among nations.

* Population explosion – Family Welfare Programme.

* Environment and human health.

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* Human Rights

* Values Education

* HIV / AIDS

* Women and Child Welfare

* Role of Information Technology in Environment and human heath

* Case Studies (6 lectures)

Unit VIII : Field Work :

* Visit to a local area to document environmental assets – river / forest / glrassland hill / mountain.

* Visit to a local polluted site – Urban / rural / Industrial / Agricultural

* Study of common plants, insects, birds.

* Study of simple ecosystems – pond, river, hill slopes, etc., (Field work

Equal to 5 lecture hours)

BOOKS RECOMMENDED:1. Environmental Studies – Published by University of Madras

18

SKILL BASED ELECTIVE – IV – PERSONALITY DEVELOPMENT – II ORDERLY LIVING

Unit I Orderly living – meaning – Twelve guidelines.

Unit II(1) Get up early (2) Do exercises, Yoga and meditation (3) Maintain good

eating habits. (4) Dress Well.

Unit III (5) Punctuality (6) Maintain work dairy (7) Keep your living place orderly (8) use zen

Unit IV (9) Carry a handkerchief (10) Rote memory techniques (11) Give time to your family (12) wish and will.

BOOK RECOMMENDED:(1) Excel – Dr. J.N. ReddyA unique Self – Development Digest.Max Academy for excellence Choolaimedu

19

PRACTICAL AUDITINGUNIT – IAuditing – Definition – Scope - Objectives – Materiality in Auditing – Evidence –

Audit Techniques – Qualification of an auditor – Qualities of an auditor – Stand

Auditing Practice- Types and conduct of audit.

UNIT – IIAudit Planning – meaning – Engagement letter – factors considered before

commencing a new audit- Audit Programmes – Audit files – Audit Note Book,

Working Paper, Tick Marks - Routine Checking.

UNIT – III Vouching of cash Transaction – Meaning & Objects of vouching, Importance-

Vouching cash Receipts and cash payments. Vouching of Trading Transactions –

purchases – Purchase Returns – Sales – Sales Returns – Goods sent on

consignment – sale or Return Transactions – Packages, Empties and containers –

Journal Proper –Bought Ledger – Sales Ledger – Auditors duties.

UNIT- IV Verification and valuation of Assets and liabilities – Verification – Meaning -

objects – valuation – meaning – objects – distinction between verification and

valuation- verification and valuation of Property, plant and machinery,

investments, stock in trade and liabilities – position of an auditor.

UNIT – V Depreciation – causes – objects - Basis – Methods of providing Depreciation –

Depreciation under the companies Act. Depreciation Audit – Reserves and

Provisions- Types– Distinction between reserves and provision – Secret Reserves

– objects – creation – Auditors Duties – capital reserve- Auditors duties.

BOOKS RECOMMENDED : 1) Practical Auditing – Dr. N. Premavathy2) Practical Auditing – B. N.Tandan 3) Practical Auditing – Dinkar Pagare

20

PRINCIPLES OF COST ACCOUNTING UNIT – IDefinition – Cost, Costing, cost Accounting, Cost Accountancy – Classification –

Difference between Cost Accounting and Financial Accounting- Management

Accounting – Functions of Cost Accounts – Installation of costing system –

Advantages and Limitation – Cost control – cost reduction – cost sheet – costing

as an aid to Management

UNIT – IIMaterial Cost – Meaning – Types of Material – Organisation of purchased

Department- Qualification of purchase Manager – Purchase Producer – Stock

Keeping – objectives – Importants – Essentials – Stock Level – Location, layout-

organization - Duties and Responsibilities of Stock Keeper –Inventory control.

UNIT – III Materials Issue Control – Objects – Pricing Materials Issue – FIFO – LIFO –

Specific Price – Base Stock – Simple Average – Periodic Simple average weighted

Average – Periodic Weighted Average – Standard Price – Inflated Price

UNIT- IV Labour cost control – Time keeping and Time Booking – Time Study – Motion

Study – Merit Rating – Methods of wage Payment – Various Incentives schemes –

Halsey, Halsey- weir and Rowan plans - Labour Cost – Labour Turnover – Idle

Time – Over time – Direct Expenses.

UNIT – V

Overheads – Meaning – Classification of Overheads – Distribution of Overheads -

Allocation – Apportionment – Primary – Secondary Distribution of overheads –

Absorption of overheads – Methods – Machine hour Rate.

BOOKS RECOMMENDED :

1) Pratical Costing – I.M.Panday , G.K. Ahuja 2) Cost Accounting - T.S. Reddy, T.Hari Prasad Reddy 3) Cost Accounting – Jain & Narang 4) Cost Accounting – Pattenshetty

21

FINANCIAL SERVICES UNIT – IFinancial Services – Meaning and Importance of financial services – Types –

Financial Service and Economic environment – Players in financial services sector

– Fund Sector – Financial Institution and Fund Saver.

UNIT – IIMerchant Banking – Meaning – Scope – functions – Issue Management –

Management of New Issues – Indian Experience – SEBI Guidelines –

Underwriting – Underwriters – Capital market – Stock Exchange – Role of SEBI.

UNIT – III

Mutual Funds – Meaning – Types – Functions – Advantages – Institution involved

– UTI, LIC, Commercial Banks – Entry of Private Sector – Performance – Growth

of Mutual funds in India – SEBI Guideline.

UNIT- IV Leasing – Meaning – Importance – Types of Leasing – Merits and demerits

concepts and features – lease financing The Indian Leasing Scenario – Hire

Purchase – Meaning – RBI Guidelines – Hire Purchase and Transport Industry –

Lease Vs Hire purchase – Problems and Prospects of Hire purchase in India.

UNIT – V Factoring - meaning– Significance – Types – Factoring Mechanism – Functions of

a factor - Venture Capital – Features – Importance – financing of Venture Capital

BOOKS RECOMMENDED :

1) Financial Services and Stock Exchanges – Dr. N. Premavathy2) Financial Services – Joseph, Boominathan, Manoharan, Gnanaraj 3) Financial Instrument – Tripathy and

Services 4) Management of Financial Service – B.S. Bhatia 5) Financial Services – B.Santhanam

22

MAJOR ELECTOVE -I INCOME TAX LAW UNIT – IHistory of Income – Tax in India – Definition of important terms – Assessment,

Assessee, Assessment Year, Previous Year, Income- Features of Income –

Exceptions to the rule that previous year’s income is assessed in Assessment year.

UNIT – IIResidential status – classification of Residential Status of Taxable Entities –

Residential Status of an Individual – Basic Conditions – Additional Conditions –

Residential Status of HUF, Company Firm – Scope of Total Income.

UNIT – III Heads of Income- Salaries – Definition – Features of salary – Computation of

Taxable Salary- Types of provident Fund – Allowances – Perquisites – Types –

Treatment of Gratuity - Pension- Profits in lien of salary – Deductions from salary

– Deductions u/s. 80C

UNIT- IV Income from House Property – Annual Value – Meaning – Let out House and Self

Occupied House – House Deemed to be let out – computation of Gross Annual

value and Net Annual Value - Deductions allowed.

UNIT – V Profits and Gains of Business or profession – Definition of Business Profession –

computation of profits and Gains – Expenses allowed and Disallowed –

Depreciation – Meaning- Conditions for allowance of depreciation – Block of

assets – computation of Depreciation – Additional Depreciation.

BOOKS RECOMMENDED : 1) Income Tax – Theory , Laws Practice – T.S. Reddy2) Income Tax – Gaur & Narang 3) Income Tax – Dinkar Pagare 4) Income Tax – Laws Practices – Dr. Bhagwati Prasad 5) Direct Taxes Law & Practice – Vinod. K. Singhania

23

COMPANY ACCOUNTS UNIT – IIssue of shares and debentures – Issue of shares for cash – for consideration other

than cash – Issue at premium , discount – Forfeiture and Re-issue of shares

UNIT – II

Issue of debentures – Consideration for issue of debentures – Discount on Debentures. Redemption.UNIT – III

Redemption of preference shares – provisions of the companies Act- Capital

profits and Revenue Profits – Minimum Fresh issue of shares.

UNIT- IV Valuation of Goodwill and shares – Need for valuing goodwill- methods of

valuation of goodwill – average profits method- Super Profits Method – Annuity

Method – Capitalization Method – Need for valuation of shares – Methods of

valuation – Net Assets Method – Yield Method – Fair Value.

UNIT – V Final Accounts of Companies – Profit and Loss Account-Managerial

Remuneration – Dividends – Transfer to Reserves – Form of Balance Sheet-

Balance Sheet.

BOOKS RECOMMENDED : 1) Advanced Accounting – M.C.Shukla & Grewal 2) Corporate Accounting – R.L. gupta 3) Corporate Accounting – T.S. Reddy & A. Murthy 4) Company Accounting- S.P.Jain and Narang 5) Advanced Accounting –R.S.N. Pillai & Bagavathi

24

ACCOUNTING FOR MANAGEMENT UNIT – IIntroduction, Meaning and Emergence of Management Accounting – Definitions –

Characteristics or Nature of Management Accounting – Scope and objectives of

Management Accounting – Need and Importance of management Accounting –

Limitation Management Accountant – Function and duties – Management

Accountant for the Millennium.

UNIT – IIAnalysis of financial statement – meaning and concepts – Methods – Comparative

Statements – Common Size Statements – Trend Analysis – Limitations of

financial Analysis.

UNIT – III Ratio Analysis – Introduction Meaning- Use and Significance of Ratio Analysis –

Limitations – Classification – Analysis of Short – term financial Position- Long –

Term financial position – Profitability Ratios – Leverage Ratios.

UNIT- IV Statement of changes in financial Position – Meaning and definition – uses,

Significance and Importance – Limitations – Procedure for preparing a Funds

Flow Statement – Cash Flow statement – Meaning – uses and significance –

comparison between Funds Flow and Cash Flow Statement – Limitations –

Procedure for preparing a Cash Flow Statement

UNIT – V Budgets and Budgetory control – Meaning and Nature – Objectives Limitation -

Important Budgets and their preparation – Sales Budget, Production Budget,

Production cost budget, overhead Budget , Cash Budget, Flexible Budgets.

BOOKS RECOMMENDED : 1) Management Accounting – S.N. Maheswari 2) Management Accounting – R.S.N. Pillai & V. Bhagavathy 3) Management Accounting – Manmohal & Goyal 4) Management Accounting – T.S.Reddy, V. Hari Prasad Reddy

25

APPLIED COST ACCOUNTING UNIT – IContract Costing – Meaning – Difference between Job costing and contract

costing – Procedure – work certified – work uncertified – Retention money – cash

received – Notional Profit – Profit of Incomplete contract – Preparation of contract

Account Preparation of Balance sheet of a contractor.

UNIT – II

Process Costing –normal and Abnormal loss and Gain in Process – Equivalent

Production computation Statement (Excluding Work-In-Progress) Joint product

and By products– Accounting for Joint products and By products.

UNIT – III Operating costing – Meaning – Operating Cost units – Transport Costing –

Objection – Procedure – Division of expenses – operating cost sheet –

comprehensive Cost – Power House Costing – Costing for Cinema Theatres –

Costing for Hotels.

UNIT- IV

Cost ledger Accounting – Reconcellation of cost and Financial Accounts –

Causes– Preparation of Reconciliation Statement – Preparation of Memorandum

Reconcellation Accounts.

UNIT – V Marginal Costing- Meaning – Definition – Features – Advantages –Limitations -

Difference between Marginal Costing and Absorption costing –CVP Analysis -–

Fixed Cost – Variable Cost – Contribution – P/V Ratio – BEP – Margin of Safety

– Application of Marginal Costing – Key factor – Make – or buy – Fixation of

selling price – Sales mix – Export decision product elimination.

BOOKS RECOMMENDED :

1) Practical Costing - I.M. Pandey, G.K. Ahuja 2) Cost Accounting – T.S.Reddy, T.Hari Prasad Reddy 3) Cost Accounting – Jain & Narang 4) Cost Accounting – Patten Shetty

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MARKETING MANAGEMENTUNIT – IIntroduction to Marketing – Meaning- Definition – Functions – Marketing

orientations – Role and Importance of Marketing - Relationship of Marketing with

other functional areas – Marketing Concepts - Traditional and Modern – Selling

Vs Marketing – Classification of markets.

UNIT – II

Product Meaning – Characteristics – Benefits – Classification – Consumer goods

Industrial goods – Packaging role and functions – Brand name and Trade mark –

After Sales Service – Product Life Cycle concept –Product Mix – New Product

Development Process.

UNIT – III Pricing - Importance of price in the marketing mix – Factors affecting price of a

product / service – pricing objectives – pricing policies and procedures - methods

of pricing – Discounts and Rebates – Pricing Strategies.

UNIT- IV Product promotions – Communication Mix – Basics of Advertising – Sales

promotion- personal selling – methods of promotion – Advertising media – Their

merits and demerits – Characteristics of an effective advertisement- classification

of a successful sales person – Functions of Salesman.

UNIT – V Physical Distribution- Definitions – Concept and Role – Types of distribution

channels – Factors affecting choice of a distribution channel – Retailer and

wholesaler – channel members – physical distribution of goods - Transportation –

Warehousing – Inventory Control – order processing.

BOOKS RECOMMENDED : 1) Marketing – Dr. N.Rajan Nair2) Marketing – Philip. Kotler 3) Principles of Marketing – Dr. K. Nirmala Prasad, 4) Marketing – J.C. Gandhi 5) Marketing – Dr. N. Premavathy.

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ADVANCED COMPANY ACCOUNTS – Elective -III CODE :CM021UNIT – IProfits prior to Incorporation – Methods of ascertaining profit or loss prior to

incorporation – Basis of Apportionment of Expenses – Steps in Ascertaining Pre

and Post Incorporation Profits.

UNIT – IIAmalgamation, Absorption and External Reconstruction of a company – Purchase

Consideration – Methods of Accounting – Books of Transfer Company – Books of

Transferee Company – (Inter-Co Owings Excluded)

UNIT – III Alteration of Share capital and Internal Reconstruction – Different kinds of

Alteration of share capital – Accounting Entries – Reduction of Share Capital –

Procedure for reducing share capital - Accounting entries.

UNIT- IV Liquidation of Companies : - Modes of Winding Up – Liquidators final statement

of Account – Payment of various liabilities – Liquidators remuneration – payment

to unsecured creditors – payment to share holders. (Statement of Affairs and

Deficiency Account excluded)

UNIT – V Accounts of Banking Companies – Legal Requirements – Preparation of Profit

and Loss Account- Balance Sheet.

BOOKS RECOMMENDED : 1) Advanced Accounting – M.C.Shukla & Grewal 2) Corporate Accounting – R.L.Gupta 3) Corporate Accounting – T.S.Reddy & A.Murthy 4) Company Accounts – S.P. Jain & Narang 5) Advanced Accounting – R.S.N.Pillai & Bagavathi

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INCOME TAX PRACTICE – Elective - IV

UNIT – ICapital Gains – Definition – Capital Assets – Kinds – Transfer of Capital Asset –

Cost of Acquisition – Cost of Improvement – Cost Inflation Index – Computation

of Capital Gains – Exemption of Capital Gains – Sec. 54, 54B, 54D, 54EC , 54ED,

54F, 54G

UNIT – IIIncome from other sources – Incomes chargeable under the head Income from

other sources – Interest on Securities – Kinds of Securities – Rules for Grossing up

Interest- Deductions to be made from Income from others Sources – Expenses not

deductible – computation of income from other sources.

UNIT – III

Deductions from Gross Total Income – Deduction U/s Sec. 80 –

Assessment of Individuals – Total Income of an individual – computation of

Taxable Income – Computation of tax Liability.

UNIT- IV Incomes exempt from Tax – Sec. 10 – Incomes absolutely exempt from Tax –

General Exemptions – Exempted Incomes of Salaried employees.

UNIT – V Assessment procedure – Filing of Returns - Voluntary Filling – Due date for filing

Return – Return of Loss – Belated return – Defective Return – permanent Account

Number

BOOKS RECOMMENDED : 1) Income Tax – Theory, Law & Practice – T.S. Reddy 2) Income Tax – Gaur & Narang 3) Income Tax – Dinkar Pagare 4) Income Tax Laws Practice – Dr. Bhagwati Prasad 5) Direct Taxes Law & Practice – B.B.Lal & N. Vashist

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