BCom V Semester

B.Com 5.1: PRINCIPLES OF AUDITING

Module – 1
Auditing: Introduction, origin of word audit, definition of auditing, objectives of auditing,
Errors and Frauds in accounting, Relation between book-keeping accounting and auditing.
Classification of auditing, Auditor is a Watch dog and not a blood bound, qualities of an auditor,
advantages of audit, limitations of the audit, Audit programme.

Module – 2
Internal check, internal control and internal audit. Meaning and objective, distinction between
internal check, internal audit and internal control. Procedure of internal check over different
items and auditor’s duty.

Module – 3
Vouching: Introduction, concept of vouching, objectives of vouching, importance of vouching,
concepts of vouchers, internal and external evidence, General Principles of Vouching, Teeming
and Lading. A challenge to vouching, Vouching of different items – duties of an auditor with regard
to each item.

Module – 4
Verification and valuation of Assets and Liabilities: Introduction, meaning, difference between
verification and valuation. Importance of verification and valuation. Verification and valuation of
tangible and fictitious Assets and contingent liabilities.

Module – 5
Investigation: Introduction, definition, objectives or purposes of investigation. Features of investigation,
duties of an investigator, Types of investigation – on behalf of a person or company wanting to purchase
a running business – on behalf of an incoming partner – on behalf of the lender – on behalf of owner
of share holder of the business who suspects the fraud.

Reference:
1. Auditing Principles and Technique – S.K. Basu.
2. Practical Auditing – B.N. Tandon.
3. Auditing – T.R. Sharma.
4. Contemporary Auditing – Kamal Guptha.
5. Practical Auditing – Spicer and Pegler.
6. Principles and Practice of Auditing – J.R. Batliboi.
7. Principles of Auditing – DePaula.

B.Com 5.2: BUSINESS LAW

Module – 1
The Indian Contract Act 1872: Definition of Contract – Essential elements of valid contract –
Agreement expressly declared void.

Module – 2
Kinds of contract: From the point of view of enforceability – mode of creation and the extent
of execution.

Module – 3
Offer: Legal rules regarding offer, Revocation of offer. Acceptance: – Meaning, legal rules
regarding acceptance – Revocation of acceptance.

Module – 4
Capacity of parties: Minor – Persons of unsound mind and other disqualified persons.

Module – 5
Free consent: Coercion, Undue influence, Misrepresentation, Fraud.

Module – 6
Discharge of contract: Methods – Remedies for breach of contract – Suit for different damages.

Reference:
1. Elements of Mercantile Law – N.D. Kapoor.
2. Business Law – B.N. Tandon.
3. Mercantile Law – Avtar Singh.
4. Business Law – B.S. Raman.
5. Business Law – M.C. Kuchhal.

B.Com 5.3: PRINCIPLES OF MANAGEMENT

Module – 1
Meaning and definition of management, management as an activity, management as a process,
Academic discipline, Group, Nature of Management. Is Management as a Science or Art, Profession.
Importance of Management, Levels of Management, Scope of Management.

Module – 2
Evolution of Management Thought, Pre-scientific Management Period, Scientific Management and
Contribution of F.W. Taylor, Contribution of Henry Fayol, Human Relations Movement, Social Science
Movement, Management.

Module – 3
Meaning, Nature and importance of Planning. Advantages and Disadvantages of Planning. Steps in
Planning. Planning Premises and Types of Planning Premises.

Module – 4
Organization: Meaning, nature and importance of organization, Principles of Organization, Organizational
Charts and Manuals – Formal and Informal Organizations – Types of Organizations: Line, Functional, Line
and Staff, Committee-Departmentation.

Module – 5
Staffing, Meaning, Manpower Planning, Job Analysis, Recruitment – Selection – Training – Promotion
and Performance Appraisal, Job Evaluation and Merit rating.

Reference:
1. Principles of Management – Reddy and Tripathi.
2. Principles of Management – Dinkar Pagare.
3. Management Principles & Practice – Lallan Prasad and Gulshan.

B.Com 5.4: BUSINESS ENVIRONMENT

Module – 1
Nature, Scope of Business Environment, Components of Business Environment, Social
and Government Linking and Interdependence.

Module – 2
Indian Economic Characteristics, Objectives of Indian Planning, Economic Development
during Plan Period, National Income: Meaning, GNP, NNP, Per Capita Income, Sectoral
Composition, Growth Trend and Distribution of National Income.

Module – 3
New Economic Policy and its after Effects, Small Scale Industries, Definition, Significance,
Problems, Remedial Measures taken up by the Government. Ancillarisation in the Small Scale Sectors.

Module – 4
Industrial Sickness: Meaning, Magnitude of the Problems, Causes and Remedies.

Module – 5
Pollution Control, Environment Protection, Energy Management.

Reference:
1. Business Environment – Francis Cherunilam.
2. Essentials of Business Environment – K. Ashwathappa.

B.Com 5.5: E-COMMERCE AND TALLY

Module – 1
Internet and Commerce: Business Operations; e-commerce practices versus traditional
business practices; concepts B2B, B2C, C2C, G2H and G2C benefits of e-commerce to
organization, consumers etc. Limitations of e-commerce.

Module – 2
E-commerce Operations: Credit card transaction, secure hyper-text transfer protocol (SHTP),
Electronic payment systems; Secure Electronic Transactions (SET); Cyber Cash; Indian Payment Models.

Module – 3
Applications in B2C: Consumer’s shopping procedure on the internet; Impact on disintermediation
and re-intermediation, Global market; Strategy of traditional department stores; Products in B2C
model; Success factors of e-brokers, benefits and impact of e-commerce on travel industry, Online
stock trading and banking – its benefits, e-auctions.

Module – 4
Applications in B2B: Applications of B2B; Key technologies for B2B, Architectural models of B2B,
Characteristics of the supplier-oriented market place, Buyer oriented market place, Benefits of B2B
on procurement re-engineering; Time delivery in B2B; marketing issues in B2B.

Module – 5
Tally: Features of Tally, Installation of Tally, Launching Tally, Activating Tally, Creation of General Ledger,
Books, Registers, Accounts Receivable and Payable.

Reference:
1. Business on the Net – Introduction to the E-Commerce – Agarwal Kamlesh N and Agarwal Deeksha.
2. An Introduction to the Online Stock Market Trading – Agarwal Kamlesh N and Agarwal Deeksha.
3. Web Commerce Technology Handbook – Minoli Daniel, Minoli Emma.
4. Internet Business Models and Strategies – Afnah A and Tucci C.
5. Internet Banking – Agarwala Kamlesh N.
6. Electronic Commerce – A Managerial Perspective – Turban Efraim, Lee Jee, King David, C. Michael.
7. Information Technology – Alexis Leon and Leon M.
8. Tally Manual.

ELECTIVE GROUP – A

B.Com 5.6: INCOME TAX-I

Module –
Introduction: History of Income Tax – Meaning of income – Agricultural income – Assessee –
Person – Previous Years – Assessment year – Total Income – Residential – Status and Incidence
of tax based on residential status.

Module – 2
Tax free income U/s 10 (1), 10 (2), 10 (2A), 10 (5), 10 (10), 10 (10A), 10 (10AA), 10 (34), 10 (35).

Module – 3
Deductions from Gross Total Income Section 80C, 80CCC, 80D, 80DD, 80DDB, 80E, 80G, 80GGC and 80U.

Module – 4
Computation of Income from Salary

Module – 5
Computation of Income from House Property.

Module – 6
Computation of Income from Business and Profession.

Reference:
1. Income Tax Law & Practice – M.B. Kadkol.
2. Income Tax Law & Accounts – Dr. H.C. Mehrotra & Dr. S.P. Goyal.
3. Direct Taxes: Law and Practice – Dr. Vinod K. Singhania & Kapil Singhania.
4. Direct Taxes – B.B. Lal and N. Vashist.
5. Income Tax Law & Practice – Bhagwati Prasad.

ELECTIVE GROUP – A

B.Com 5.7: COST ACCOUNTING – I

Module – 1
Introduction: Cost Accounting – Meaning and Importance – Financial Accounting V/s Cost
Accounting – Limitations, Installation of Costing System – Cost Classification.

Module – 2
Materials: Material Control – Meaning and Importance – Stock levels – EOQ-ABC analysis –
Bin Card – Stores Ledger – issue of Materials including return of materials to stores, transfer of
materials, different methods of pricing and their relative merits and demerits – Numerical Problems
on Stock Levels, EOQ, FIFO-LIFO – simple average and weighted average methods – Treatment of
materials losses, wastages, scrap and defectives.

Module – 3
Labour: Introduction – control of labour cost, time keeping – labour turn over, causes and effects – methods
of remuneration; time rate-piece rate-differential piece rates, Taylor’s system, Merrick’s differential Piece rate,
Gantt Task – Bonus Schemes. Halsey plan, Rowan scheme, Emerson’s efficiency Bonus Plan – Numerical
Problems on time and piece rates and Bonus schemes.

Module – 4
Overheads: Meaning – classification – allocation and apportionment of overheads – Re-apportionment, Direct
method, Repeated distribution method and simultaneous equation method – absorption of overheads – methods:
Direct labour cost, Direct labour hour rate, machine hour rate. Numerical problems on primary and secondary
distribution summary and absorption of overheads.

Module – 5
Cost control – Cost reduction – Cost audit.

Reference:
1. Cost Accounting – M.C. Shukla and T.S. Grewal.
2. Cost Accounting – S.P. Ayengar.
3. Advanced Cost Accounting and Cost Management – Jain and Narang.
4. Costing Accounting Principles and Applications – Lall Nigam and Sharma.
5. Cost Accounting – Pattanshetty and Palekar.
6. Cost Management – Ravi M. Kishore.
7. Cost Accounting – Dr. S.N. Maheshwari.
8. Strategic Cost Management – N.P. Agarwal, Mishra and Sonia Agarwal.

ELECTIVE GROUP – F

B.Com 5.6: HUMAN RESOURCE DEVELOPMENT – I

Module – 1
Introduction to HRD, Concept of HRD; Features of HRD; Objectives of HRD; Benefits
of HRD; Evaluation of the Concept of HRD.

Module – 2
Evaluation of the Concept of HRD; Historical Roots; HRD at Micro and Macro Level;
Multiple Goal of HRD.

Module – 3
HRD Instruments, Process and Outcomes.

Module – 4
HRD Department and Their Tasks.

Module – 5
Structuring the HRD Function.

Reference:
1. Human Resource Development – T.V. Rao.
2. The HRD Missionary – Rao T.V.
3. Human Resource Development – P.K.P. Arya and B.B. Tandon.
4. HRD in a Changing Environment – Ravinshankar Mishra and Sharma.

ELECTIVE GROUP – F

B.Com 5.7: INDUSTRIAL RELATIONS – I

Module – 1
Industrial Relation: Concept of Industrial Relation, Requisites of Good Industrial Relation;
Objectives of Industrial Relations; Fostering and Maintaining Good Industrial Relation.

Module – 2
Labour Relations: Why Labour Relations? Human aspect of production efficiency, Treat
workers as human beings; Promote Correct attitude; Causes of Labour Unrest; Responsibility
of Employers; Good Labour relations mean good results.

Module – 3
Role of the Industrial Manager; Basic Principles, Process of Industrialization; Responsibilities
of the Industrial Manager, Qualities of an Industrial Manager, Result of Good Management.

Module – 4
Role of Human Resource Manager; Functions and Responsibilities; Qualification of a HR
Manager; Training of HR Manager; Duties of a HRM.

Module – 5
Industrial Democracy: Concept of Industrial Democracy; Democratic Approach; Objectives
of Industrial Democracy; Democratic Methods; Meaning of Joint Consultation; Effects of Joint
Consolation; How to Promote Joint Consultation.

Reference:
1. Welfare Policy and Industrial Relation in India – A.S. Mathur.
2. Industrial Relation in India – Agnihotri.
3. Industrial Relation: A Point of View – Ramanujam R.S.
4. Industrial Law – Malik P.L.
5. Indian Labour Year Book – Government of India Labour Bureau.

ELECTIVE GROUP – G

B.Com 5.6: MANAGEMENT INFORMATION SYSTEMS – I

Module – 1
Introduction, Definition of Management Information System (MIS), MIS as evolving concept,
MIS and Other academic disciplines – Management accounting, Operation research, management
and organization theory, Computer science, Subsystems of an MIS, MIS as seen by user, the
MIS professional.

Module – 2
Structure of a MIS, Operating elements of an information system, MIS support for decision-
making, MIS structure based on organizational function, synthesis of MIS structure, Issues
of MIS structure.

Module – 3
Computer and Communication Technology for MIS: Computer System, a user view of computer
systems, communication facilities, communication networks, distributed systems.

Module – 4
Storage and Retrieval of Data: Physical versus logical models of data, logical data concepts and
definitions, physical storage devices, file organizations, database organization.

Module – 5
Information Processing; Transaction processing, Document preparation, Message and document
communication, information processing control, information systems availability controls, case studies.

Reference:
1. G.B. Davis and M.H. Olson – Management Information Systems.
2. Rajaraman – Analysis and Design of Information
3. Sadgpoan – Management Information System. PHI.

ELECTIVE GROUP – G

B.Com 5.7: INFORMATION TECHNOLOGY – I

Module – 1
Introduction to Computers: Classification of Digital Systems, Anatomy of Digital Computer,
Computer Architecture, Numbers System, Memory Units, Auxiliary Storage Devices, Input Devices,
Output Devices.

Module – 2
Computer Software and Software Development: Introduction to Computer Software Operating
Systems, Programming Languages, General Software Features and Trends.

Module – 3
Database Management Systems: Data processing, Introduction of Database Management
System, Database Design.

Module – 4
Telecommunication: Introduction to Telecommunication, Computer Networks, Communication
Systems, Distributed Systems.

Module – 5
Internet and Intranet: Internet and World Wide Web, Electronic Mail, Intranets.

Reference:
Introduction to Information Technology – Alexis Leon and Mathews Leon.