Is the Difference Between Doctrine of Indoor Management

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					                   FINANCIAL ACCOUNTING - I

UNIT I

           Meaning and scope of Accounting, Basic Accounting
Concepts and Conventions – Objectives of Accounting – Accounting
Transaction – Double Entry Book Keeping – Journal, Ledger,
Preparation of Trial Balance – Preparation of Cash Book.

UNIT II

          Preparation of Final Accounts of a Sole Trading Concern –
Adjustments – Closing Stock, Outstanding and Prepaid items,
Depreciation, Provision for Bad Debts, Provision for Discount on
Debtors, Interest on Capital and Drawings – Preparation of Receipts
and Payments Account, Income and Expenditure Account and Balance
Sheet of Non Trading Organizations (simple problems).

UNIT III

         Classification of errors – Rectification of errors – Preparation
of Suspense Account.Bank Reconciliation Statement (Only simple
problems).

UNIT IV

          Depreciation – Meaning, Causes, Types – Straight Line
Method – Written Down Value Method (Change in Method excluded).
Insurance claims – Average Clause (Loss of stock only).

UNIT V

          Single Entry – Meaning, Features, Defects, Difference
between Single Entry and Double Entry System – Statement of Affairs
Method – Conversion Method (Only simple problems).
                      BUSINESS ECONOMICS

UNIT I

               Introduction to Economics -Wealth, Welfare and
Scarcity Views on Economics - Positive and Normative Economics
Definition – Scope and Importance of Business Economics

               Concepts: Production and Possibility frontiers -
Opportunity Cost – Accounting Profit and Economic Profit –
Incremental and Marginal Concepts – Time and Discounting Principles
– Concept of Efficiency.

UNIT II

                Demand and Supply Functions: Meaning of Demand –
Determinants and Distinctions of demand – Law of Demand –
Elasticity of Demand – Demand forecasting – Supply concept and
Equilibrium

UNIT III

              Consumer Behaviour: Law of Diminishing Marginal
Utility – Equi marginal Utility - Indifference Curve – Definition,
Properties and equilibrium

UNIT IV
                  Production: Law of Variable Proportion – Laws of
Returns to Scale – Producer’s equilibrium – Economies of Scale.
Cost Classification – Breakeven analysis

UNIT V

              Product pricing: Price and Output Determination under
Perfect Competition, Monopoly – Discriminating Monopoly –
Monopolistic Competition – Oligopoly – Pricing Objectives and
Methods
    BUSINESS STATISTICS AND OPERATIONS RESEARCH-I

UNIT I

                 Introduction – Classification and Tabulation of
Statistical Data – Diagrammatic and Graphical Representation of Data

UNIT II

                Measures of Central Tendency – Mean, Median &
Mode – Dispersion, Range, Quartile Deviation, Mean Deviation,
Standard Deviation – Measures of Skewness

UNIT III

                 Correlation – Karl Pearson’s Coefficient of
Correlation – Spearman’s Rank Correlation – Regression Lines &
Coefficients

UNIT IV

                 Time Series Analysis – Trend – Seasonal Variation

UNIT V

                    Introduction to OR – Linear Programming –
Graphical and Algebraic Solution (Maximization & Minimization)




                     Financial Accounting - II

Unit – I
     Branch Accounts: - Dependent branches – stock and debtors
system – Distinction between wholesale profit and retail profit –
Independent branch (foreign branches excluded)

Unit – II

    Departmental Accounts – Basis for allocation of expenses – Inter
departmental transfer at cost or selling price - Treatment of expenses
which cannot be allocated.

Unit – III

    Hire purchase and instalment – Default and repossession – Hire
purchase trading account. Instalment purchase system.

Unit – IV

     Admission of a partner – Retirement of a partner – Death of a
partner.

Unit – V

     Dissolution of a partnership – Insolvency of a partner
(Application of Indian Partnership Act 1932)- Insolvency of all
partners – Gradual realization of assets and piecemeal distribution.




                          International Economics
Unit – I

    International Trade – Importance of International Trade,
Theories of foreign Trade: - Theories of Adam Smith, Ricardo,
Haberler’s Hechsher – ohlin.

Unit – II

    Balance of Trade , Balance of Payment – Concepts – Causes of
Disequilibrium, methods of correct Disequilibrium – Fixed and
Floating Exchange Rates- Euro – Dollar marketing ( an over view)

Unit – III

    Export Management – Export procedure and documents – Export
Finance- Export Promotion – Export Pricing.

Unit – IV

    International Economic Organistations and its Functions IMF’
IDA, IFA, IBRD, ADB, UNCTAD, UNIDO>

Unit – V

     WTO and Trade Liberalisation – Liberalisation of trade in
Manufacturing and in Agricultural Trade – TRIPS, TRIMS – Indian
Patent Law.
                         THIRD SEMESTER

                  CORPORATE ACCOUNTING – I

Unit –I
    Issue of shares and debentures – Various kinds – Forfeiture –
Reissue – Underwriting of shares and debentures.

Unit II

  Redemption of preference shares and debentures – Purchase of
business – Profits prior to incorporation.

Unit III

   Preparation of company final accounts – Company balance sheet
preparation – Computation of Managerial Remuneration.

Unit – Iv

   Valuation of goodwill and shares.

Unit V

   Alteration of share capital – Internal reconstruction and reduction
of capital.
                           BUSINESS LAW


Unit – I

   Indian Contract Act – Formation – Terms of Contract- Forms of
contract – Offer and Acceptance considerations.

Unit –II

  Capacity – flaw in consent, void agreements – illegal agreements.

Unit – III

   Performance – Tender – Quasi Contract – Discharge – Remedies for
breach of contract.

Unit – IV

   Contract of Agency – Types , creation, duties, rights of principal
and agent – Termination of Agency.

Unit – V

  Sale of Goods Act – Sale and agreement to sell – Formation – Caveat
emptor – implied Conditions and warranty – Rights of unpaid seller.
            BANKING THEORY LAW AND PRACTICE


Unit – I

    Origin of banks – Banking Regulation Act, 1949 (Definition of
Banking, licensing, Opening of branches, Functions of Banks
inspection) – Role of Banks and Economic Development- Central
Banking and role of RBI and their functions.

Unit – II

   Commercial Banks – Functions – Accepting Deposits – Lending of
funds, E- Banking – ATM Cards , Debit cards, Personal identification
number – online enquiry and update facility – Electronic Fund
Transfer – Electronic Clearing System.

Unit-III

    Opening of an account – Types of Deposit Account – Types of
customers (individuals, firms trusts and companies) – Importance of
customer relations – Customer grievances and redressel –
Ombudsman.

Unit – IV

   Principles of lending – Types of borrowings – Precautions to be
taken by a banker.


Unit – V

   Negotiable instruments – Promissory Note – Bills of Exchange,
cheque, Draft – Definitions, Features – Crossing – Endorsement –
Material alteration – Paying Banker – Rights and Duties – Statutoty
protection Dishonour of cheques – Role of collecting banker.
                         BUSINESS ENVIRONMENT


Unit – I

   The concept of Business Environment – Its nature and significance
– Brief overview of political – Cultural – legal – economic and social
environments and their impact on business and strategic decisions.

Unit – II

   Political Environment – Government and business relationship in
India- Provisions of Indian constitution pertaining to business.

Unit – III

   Social environment – Cultural heritage – social attitudes – impact of
foreign culture – castes and communities – joint family systems –
linguistic and religious groups – types of social organization – social
responsibilities of business.

Unit – IV

   Economic Environment – Economic systems and their impact of
business – Macro economic parameters like GDP – growth rate
population – Urbanization – fiscal deficit – plan investment – per capita
income and their impact on business decisions – five year planning.

Unit – V Financial Environment – Financial system – Commercial
banks – Financial Institutions – RBI Stock Exchange – IDBI – Non
Banking Financial Companies NBFCs.




                          ALLIED SUBJECT
           COMPUTER APPLICATIONS IN BUSINESS - I

UNIT I

Word processing : Meaning and role of work processing in creating of
documents, Editing, formatting and printing documents, using tools such as
spelling check, thesaurus, etc., in work processors (MS Word) , Electronic
Spreadsheet, Structure of spread sheet and its applications to accounting,
finance, and marketing functions of business; Creating a dynamic/ sensitive
worksheet; Concept of absolute and relative cell-reference; Using built- in
functions; Goal seeking and sever tools; Using graphics and formatting of
worksheet; Sharing data with other desktop applications; Strategies of
creating error- free worksheet (MS Excel)

UNIT II

  Programming under a DBMS environment: The concept of data base
management system; Data field, records, and files, sorting and Indexing
data; Searching records. Designing queries and reports ; Linking of data
files; Understanding programming environment in DBMS ; Developing
menu driven applications in query language (MS- Access)

UNIT III

Electronic Data interchange (EDI) : Introduction to EDI- Basics of EDI ;
EDI standards ; Financial EDI (FEDI) FEDI for international trade
transaction; Applications of EDI, Advantages of EDI ; Future of EDI

UNIT IV

The internet and its basic concepts; internet concept; history, Development
in India; Technological foundation of internet Distributed computing:
Client- server computing: Client server computing: Internet protocol suite in
the internet environment : Domain Name System (DNS) ; Generic Top-
Level Domain(Gtld) country code Top Level Domain (ccTLD)- India;
Allocation of second level domains; IP addresses, internet protocol;
Applications of internet inb business, business Education, Governce, etc.,

                             IV SEMESTER
                          IV – SEMESTER

                 CORPORATE ACCOUNTING – II

Unit – I

    Human Resource Accounting – Accounting standards – Financial
reporting practices – Accounting for price level changes.

Unit – II

   Final Accounts of insurance companies including Balance Sheet.

Unit – III

    Final Accounts of Banking Companies including Balance sheet.

Unit – IV

   Amalgamation – Absorption and external reconstruction of a

company – (Inter company investments excluded ).

Unit – V

   Liquidation – Statement of affairs and deficiency accounts –
Liquidator’s final statement of receipts and payments.
                           COMPANY LAW


Unit – I

    Definition of Joint Stock Company – Kinds – Formation –
Incorporation.

Unit – II

    Memorandum of association – Contents and Alteration – Doctrine
of Ultra vires – Articles of Association – Contents – Distinction between
the Two – Doctrine of Indoor Management – prospectus – Contents –
Statement in lieu of Prospectus.

Unit – III

   Share Capital – Kinds of shares – Voting Rights – Borrowing
powers of companies – Membership in a company – Directors – Legal
position – Appointment , removal, Rights, Duties and powers –
Qualification and Disqualification.

Unit – IV

    Meetings and resolutions – Statutory Meeting – Annual General
meeting – Extra- Ordinary General Meeting – Resolutions – Ordinary
and special.

Unit – V

     Winding up of a company – Modes of Winding up – Winding up
by the court- Voluntary winding up - member’s voluntary winding up
– Creditor’s voluntary winding up.
                  BUSINESS COMMUNICATION

Unit – I

    Definition- Methods – Types – Principles of effective
communication – Barriers to communication – Business letter –
Layout.

Unit – II

     Kinds of Business letters: Interview – Appointment –
Acknowledgment – Promotion – Enquiries – Replies – Orders – Sales –
Circular – Complaints.

Unit – III

   Bank Correspondence – Insurance Correspondence – Agency
Correspondence – Correspondence with shareholders ,directors.

Unit – IV

    Report writing – Agenda, Minutes of Meeting – Memorandum –
Office order – Circular – Notes.

Unit – V

   Modern forms of communication : Fax – E-mail – Video
Conferencing – Internet – Websites and their use in Business.
                 PRINCIPLES OF MANAGEMENT

Unit – I

   Management : Importance – definition – nature and scope of
management process – role and functions of a manager – levels of
management – development of scientific management and other
schools of thought and approaches.

Unit – II

   Planning : Nature – Importance – Forms – Types – Steps in
planning – objectives – policies – procedures and methods – natures
And types of policies – Decision making – Process of decision making –
Types of decision.

Unit – III


Organising : Types of organizations – Organization structure – span of
control and committees – departmentalization – informal organization.

Unit – IV

   Authority – delegation – decentralization – difference between
authority and power – responsibility – recruitment – sources, selection,
Training – direction – nature and purpose.

Unit – V

   Co – ordination -need, type and techniques and Requisities for
excellent Co- ordination – controlling – Meaning and importance –
Control process.
                           ALLIED SUBJECT

          COMPUTER APPLICATIONS IN BUSINESS – II


Computerized Accounting – Tally Accounting Software

SPSS- Statistical Package for Social Sciences
                             THIRD YEAR

                          FIFTH SEMESTER

                        FINANCIAL SERVICES

UNIT I

Meaning and importance of financial services- Types of financial
services- Financial services and economic environment – Players in
Financial Services Sector

UNIT II

Merchant Banking – Functions – Issue management – Meaning of new
issues – Underwriting – Capital market – Stock Exchange – Role of
SEBI

UNIT III

Leasing and Hire purchase – Concepts and features – Types of lease
Accounts

UNIT IV

Factoring – Functions of Factor – Consumer finance – Venture capital
– Mutual Funds – Credit Rating

UNIT V

Insurance – Different types – Life , marine, fire, motor, health, pension
plan, annuity, rural insurance, Insurance laws and regulations ( A brief
introduction to IRDA Act. Insurance Act, 1938)
                       PRACTICAL AUDITING
UNIT I
Definition of audit – Difference between auditing and accountancy –
Scope of auditing – Objectives of auditing – Materiality in auditing,
efficiency audit, - Proprietary and Techniques of auditing – Standards
of auditing – Meaning of internal check – Nature and scope of internal
audit – Financial vs operational audit – Internal control; nature and
scope – Verification of evidence – Detailed checking vs sample checking
– Internal audit and statutory audit – interface between internal
auditor and statutory auditor – Audit programme, meaning advantages
and disadvantages – Audit note book – Meaning and content – Audit
working papers – Objects, essentials, responsibility, protection and
preservation and ownership of working papers.
UNIT II
Vouching of cash transaction – Trading transactions – Audit of ledger –
Scrutinizing of ledgers – Bought ledger – Sales ledger – ledger, main
journal, outstanding liabilities assets, scrutinizing of expense accounts,
income accounts, assets accounts, liabilities , balance sheet audit, direct
confirmation of balance, capital and revenue expenditure –
Verifications and valuations of assets and liabilities
UNIT III
Depreciation and reserves – Meaning – Depreciation of Wasting assets
UNIT IV
Appointment of Auditor – Appointment of first auditor – Filing of
casual vacancy – Ceiling on number of audits – Appointments of
auditor of Government company – Auditor’s remuneration – Removal
of auditors – Qualification and disqualification, Powers and duties of
auditors/ liabilities of auditors

      Special consideration in company audit
      Preservation of financial statements
      Audit of share capital
      Audit of dividend and debentures

UNIT V
EDP Audit
   Impact of computerization on audit approach
   Type of internal control in a computer – based system
Approaches to EDP Auditing
   Auditing around with the computers
   Auditing with computers
   Auditing through computers


                                Business Taxation

Unit – I

    Objectives of taxation – Canons of taxation – Tax system in India –
Direct and Indirect Taxes – Meaning and types.

Unit – II

   Income Tax Act 1961 – basic concepts and definitions, income,
Assessee, person , previous year, assessment year, Gross Total income,
Total income.

   Meaning of permanent Account Number, Return of Income, TDS,
Advance Tax, Rates of Taxation, Assessment procedure.

Unit - III

   Excise Duty – Customs Duty – Advalorem and specific duties –
Entry Tax – Service Tax.

Unit – IV

  Central Sales Tax Act – Important definitions and Sec 3,4,5 & 6 –
TNGST – Definitions and charging sections.

Unit – V

  An overview of Tax Audit – Tax incentives and Export promotions,
deductions and exemptions.
              INCOME TAX LAW AND PRACTICE – I


Unit –I

   Meaning of income – Canons of taxation and the income tax act –
important definitions under the income tax act – scope of total income
  – residential status – income exempt from tax.

Unit – II

  Heads of income – Salaries – Allowances – Perquisites and their
Valuations – deductions from salary – other related provisions –
Gratuity – Pension – Commutation of pension – Provident fund –
Rebate.

Unit – III

   Income from house property – definition of annual value –
deductions from annual value – Computation under different
circumstances.

Unit – IV

  Clubbing of income – Transfer of income without the transfer of
asset – circumstances under which the individual is assessable in
respect of remuneration of spouse – Assess ability of income from assets
transferred to spouse, sons wife , another persons for the benefit of
spouse – assess ability in respect of income of minor child – set off –
carry forward and set off.

Unit – V

   Permissible deductions from gross total income – sec 80 CC



                         COST ACCOUNTING
                           VI SEMESTER


Unit – I

    `Nature and scope of cost accounting . Cost analysis , concepts and
classification. Installation of costing systems, cost centers and profit
centers.

Unit – II

   Cost sheets, tenders and quotations. Reconciliation of cost and
financial accounts.

Unit – III

  Material purchase control, level , aspects, need and essentials of
material control.
 Stores control – stores department. EOQ, Stores records, ABC
Analysis, VED analysis.
  Material costing – issue of materials – FIFO, LIFO, HIFO, SAM,
WAM , Market price, base stock method and standard price method.

Unit – IV
    Labour cost – computation and control. Time keeping , methods of
wage payment – Time rate and piece rate system, payroll procedures.
Idle time and over time. Labour turnover.

Unit –V
   Overheads – classification , allocation, appointment and absorption

    Accounting and control of overheads – manufacturing ,
administration, selling and distribution (primary and secondary
distribution ). Machine hour rate.




                            MARKETING


UNIT-I

       Introduction to marketing – meaning – definition and functions
of marketing – marketing orientation – role and importance of
marketing – classifications of markets.

UNIT-II

       Marketing environment – micro and macro environment
(factors affecting internal environment and external environments)

UNIT-III

      Market segmentation – concept – benefits – basis and levels.

      Introduction to consumer behaviour – Need of study – Consumer
buying decisions process – Buying motives.

UNIT-IV

      Marketing mix.
      Product – meaning – Introduction to stages of new product
development – Types – Introduction to PLC – Product mix – Price –
Pricing policies and methods.

    Place – Channels of distribution(levels) – Channel members –
Promotion – Communication mix – Basics of advertising , sales
promotion and personal selling.

UNIT-V

      Recent trend in marketing.
      A basic understanding of E-marketing, consumerism, market
research, MIS and marketing regulations.

                     ELEMENTS OF INSURANCE


UNIT – I

       Introduction to insurance –Origin , history , nature of
insurance, insurance in India , market potential – Emerging scenario.
Principles of insurance , Utmost good faith , Insurable interest ,
material faith , Indemnity , proximate cost.

UNIT-II

      Insurance laws and regulations. Contract act , Insurance act ,
LIC act , GIC act , IRDA act , Consumer protection act. Ombudsman.
Life insurance – Selection of risk and policy condition. Risk
management and reinsurance. Selection of risk – Computation of
premium.

UNIT – III

     Life insurance products – Team insurance , whole life ,
endowment annuities. Insurance documents – proposal forms , agents
confidential report , declaration of good health , medical report , policy
form etc., policy condition and privileges – Age admission , revival ,
loans, claims etc.,
UNIT –IV

     Introduction to general insurance. Fire , motor ,marine , health ,
miscellaneous.
     Group insurance schemes – group insurance , group gratuity ,
superannuation and pension plan . rural insurance and insurance for
weaker sections of society.

UNIT –V

    Marketing of insurance products – selling processes.



              ENTREPRENEURIAL DEVELOPMENT

UNIT – I
    Concept of Entrepreneurship

      Entrepreneurship – Meaning – Types –Qualities of an
Entrepreneur- Classification of Entrepreneurs- Factors influencing
Entrepreneurship- Functions of Entrepreneurs

UNIT – II
     Entrepreneurial development – Agencies

      Commercial banks – District Industries Center – National Small
Industries Corporation – Small Industries Development Organisation –
Small Industries Service Institute. All India Financial Institutions –
IDBI – IFCI – ICICI – IRDBI

UNIT – III
      Project Management

       Business idea generation techniques – Identification of Business
Opportunities – Feasibility study – Marketing , Finance , Technology
and Legal Formalities – Preparation of Project Report – Tools of
Appraisal.

UNIT –IV
       Entrepreneurial Development Programmes (EDP) – Role ,
Relevance , and Achievements – Role of Government in Organizing
EDPs – Critical Evaluation.

UNIT – V
       Economic Development and Entrepreneurial Growth

        Role of entrepreneur in Economic growth – Strategic
approaches in the changing economic scenario for small scale
Entrepreneurs – Networking , Niche play , Geographic concentration ,
Franchising / Dealership – Development of Women Entrepreneurship.



           INCOME TAX LAW AND PRACTICE – PAPER II

UNIT – I

         Income from business of profession – Allowable and not
allowable expenses - General deductions – Principles – Provisions
relating to depreciation – deemed business profits chargeable to profits
to tax – Compulsory maintenance of books of accounts – Audit of
accounts of certain persons – special provision for computing incomes
on estimated basis under sections 44AD and 45AE – Computation of
income from business or profession.

UNIT – II

         Income under capital gains – short term, long term – capital
gains – transfer of capital assets – Certain transactions not included as
transfer – Cost of acquisition – cost of improvement – Indexation of
cost - Capital gains under different circumstances – Exempted capital
gains – Computation of capital gains.

UNIT – III

        Income from other sources – as a residuary head of income –
their computation – grossing up – deductions in computing income
under this head and other related provisions.
UNIT – IV

        Filing of return of income – Assessment procedure in brief -
Due date of filing the return – defective return - Belated return –
Revised return – Self assessment – Best judgement assessment –
Various income tax Authorities.

UNIT – V

         Assessment of individuals – Partnership firms and association
of persons.



   BUSINESS STATISTICS AND OPERATIONS RESEARCH - II

UNIT – I

       Index Numbers – Aggregative and Relative Index - Chain and
Fixed Index - Whole Sale Index – Cost of Living Index.

UNIT – II

       Probability – Addition and Multiplication Theorem –
Conditional Probability – Bayer’s Theorem (without proof) – Simple
problems.

UNIT – III

       Sampling Techniques – Types of Sample and Sampling
Procedures – Tests of significance – Normal, t, F, chi – square – Simple
problems.

UNIT – IV

           Assignment and Transportation Problems .

UNIT – V
            Network Analysis – PERT and CPM (no crashing )




                   MANAGEMENT ACCOUNTING
                        V - SEMESTER

UNIT – I

        Management Accounting – Meaning , Scope , Importance and
Limitations – Management Accounting vs Cost Accounting .
Management Accounting vs Financial Accounting.

UNIT –II

         Analysis and Interpretation of Financial Statements – Nature,
objectives, Tools – Methods - Comparative statements, Common size
Statement and Trend Analysis.

UNIT –III

           Ratio Analysis - Interpretation, benefits and limitations.
Classification of Ratios – Liquidity, Profitability, Turnover, Capital
Structure and Leverage.

UNIT – IV

            Funds flow and Cash flow Statements.
           Budgets and Budgetary Control – Meaning, Objectives,
Merits and Demerits – Types of Budgets – Production, Cash and
Flexible Budgets.

UNIT – V

            Working capital management

          Introduction - concept of working capital – components of
working capital – nature of working capital – kinds of working capital
– permanent – temporary – Importance of Adequate Working capital –
Inadequacy of working Capital; Dangers of (i) inadequate, (ii) excessive
Working Capital; Determinents of Working Capital; Sources of
Working Capital; Financing of (i) long term (ii) short term working
capital; Management of Working capital; Forecast; Importance
Rations; Theoretical Questions; Exercises

				
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