B.Com (Accounting And Finance)
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B.Com (Accounting And Finance)

UNIVERSAL INSTITUTE FOR PRIVATE TRAINING, KUWAIT

  B.Com (ACCOUNTING and FINANCE)

 Under Choice Based Credits System

(With effect from the academic year 2020-2021)

Proposed CBCS Regulations for 3-Year Semester Course Leading to

B.Com (Accounting And Finance)

Regulations – 2020

NOTE: 

  1. These regulations are applicable to students taking admission

to I semester  B.Com (ACCOUNTING and FINANCE) from the academic year 2020-21

  1. The duration of the course shall be 3 years consisting of 06 semesters.
  2. Each semester shall extend over a minimum period of SIXTEEN weeks of teaching duration.

 

1. NAME OF THE COURSE AND DURATION OF THE COURSE. Bachelor of Commerce B.Com (ACCOUNTING and FINANCE) The duration of the B.Com (ACCOUNTING and FINANCE)

the course shall be of 03 years of 6 semesters.  A candidate shall complete his/her degree within    06 academic years from the date of admission to the course.

2. ELIGIBILITY FOR ADMISSION

Students who have passed Pre-University Examination (10+2) or equivalent examination in any discipline are eligible for admission.

3. SCHEME OF INSTRUCTIONS:

In the first four semesters, there shall be 19 subjects from Discipline Specific Courses and 10 subjects from Ability Enhancement Compulsory Courses. In the last two semesters, there shall be 6 subjects each Discipline Specific Elective.  For each subject, there shall be lecture classes, tutorials/practicals. The credits for each subject vary between 3 and 5 per subject per week as prescribed in the curriculum.

Credits Matrix :

Course   Total credits
 Discipline-Specific Course 19  Papers 84
Discipline-Specific Elective

 

 

06 Papers  X 5 Credits 30

 

 

Ability Enhancement Compulsory Courses

 

 

10 Papers X 3 Credits 30
TOTAL (36 Papers)

 

 

144

 

4. SCHEME OF EXAMINATION AND EVALUATION:

There shall be a university examination at the end of each semester for maximum marks of 70 for the Theory Examination and the Internal Assessment will be for 30 marks.

 

All papers of this course except papers that are common to all other graduate courses of the University of Mysore shall be set/valued/reviewed by BOE  for a maximum of 70 marks. The pattern of the question paper will be as follows:

Part- A: Answer any two out of four questions.                 2*15=30

Part- B:  Answer any two out of four questions.                2*10=20

Part- C: Answer any four out of six questions.                  4*05=20

TOTAL                                                                                          70

 

Evaluation of each subject is divided into internal assessment (IA) and end-term examination with marks allocated as shown in the table.  Internal assessment will be carried out in two stages: One, after the eight weeks of instructions designated as C1, the second, after sixteen weeks of instruction designated as C2 The end of term examination designated as C3 will be held between the eighteenth and twentieth week of the semester. IA marks will be awarded on the basis of continuous assessment that includes announced and surprise tests, term papers/seminars/quizzes/case discussions, viva, and practicals.

The breakup of marks will be as follows:

  1. C1 (Covering the first half of the syllabus)                       – 15 Marks
  2. C2 (Covering the second half of the syllabus)                  – 15 Marks
  3. C3 (Covering entire syllabus)                                                – 70 Marks

Total    –100 Marks

Term-end examination (C3) will be of 3 hours duration for each subject.

 

Scheme of Assessment

Course Type C1  

 

 

C2

C3 Total
Marks Marks Marks Duration (Hrs)
AECC 15 15 70 3 100
DSE 15 15 70 3 100
DSC 15 15 70 3 100

Courses in the program are of three types: Ability Enhancement Compulsory Courses,  Discipline Specific Elective and  Discipline Specific Course

5. ATTENDANCE:

  • Each semester shall be taken as a unit for the purpose of calculating attendance and a student shall be considered to have put in the required attendance for that semester if the candidate has attended not less than 75% of the number of working days (lectures during each semester)
  • A candidate who does not satisfy the requirement of attendance shall not be eligible to take the examination of the concerned semester.

A candidate who fails to satisfy the requirement of attendance in a semester shall re-join the same semester by obtaining prior permission from the University.

6. MEDIUM OF INSTRUCTION:

The medium of instruction shall be English.

7. APPEARANCE FOR THE EXAMINATION:

A candidate shall apply for all the papers of a semester when he appears for an examination of each semester for the first time.

8. BOARD OF EXAMINERS, VALUATION:

  • There shall be a Board of Examiners for scrutinizing and approving the question papers and scheme of valuation constituted by the University.
  • There will be a single valuation for all the papers.

9. DECLARATION OF RESULT:

  • The minimum for a pass in each paper shall be 35%, and for all the papers in the semester, the average shall be 40%. However, a candidate has to score a minimum of 35% of the theory component of the semester-end examination i.e. 25(rounded off) marks out of 70 marks.
  • There shall be no minimum marks for C1 and C2.
  • Classification of successful candidates and Gradation of results shall be as per the University regulations as shown below;
Letter grade Grade point
O (Outstanding) 10
A+(Excellent) 9
A (Very Good) 8
B+(Good) 7
B (Above Average) 6
C (Average) 5
P (Pass) 4
F (Fail) 0
Ab (Absent) 0

10. PROVISION FOR REPEATERS:

  • A candidate is allowed to carry all the previous un-cleared paper/s to the subsequent semester/s.
  • The candidate shall take the examination as per the syllabus and scheme of examination in force during the subsequent appearances.
  • PROVISION FOR RE-ADMISSION:
  • Such of those candidates who have discontinued the course/failed to take admission to the next semester shall get admitted to the concerned semester in the immediate next academic year only. This provision is available to a student only two times in the entire duration of the course.
  • Any other issue not envisaged above shall be resolved by the Vice-Chancellor in consultation with the appropriate bodies of the University which shall be final and binding.
  • Wherever the regulation is silent, the provisions of University regulations shall be applicable.

 

SCHEME OF EXAMINATION

SEMESTER 1 SUBJECTS MARKS TOTAL
1 Language 20 80 100
2 English 20 80 100
3 Financial Accounting 20 80 100
4 Business Management 20 80 100
5 Principles of  Economics 20 80 100
6 Environmental Studies 20 80 100

 

SEMESTER 2 SUBJECTS MARKS TOTAL
1 Language 20 80 100
2 English 20 80 100
3 Indian Business Environment 20 80 100
4 Advanced Financial Accounting 20 80 100
5 Business Statistics 20 80 100
6 Constitution of India 20 80 100

 

SEMESTER 3 SUBJECTS MARKS TOTAL
1 Language 20 80 100
2 English 20 80 100
3 Business Law 20 80 100
4 Entrepreneurial Development 20 80 100
5 Business Decisions 20 80 100
6 Cost & Management Accounting 20 80 100

 

SEMESTER 4 SUBJECTS MARKS TOTAL
1 Language 20 80 100
2 English 20 80 100
3 Banking theory &Practice 20 80 100
4 Corporate Regulations & Governance 20 80 100
5 International Business 20 80 100
6 Organizational Behaviour 20 80 100

 

SEMESTER 5 SUBJECTS MARKS TOTAL
1 Management Accounting 20 80 100
2 Quantitative techniques 20 80 100
3 Financial Services 20 80 100
4 Auditing 20 80 100
5 Income tax 20 80 100
6 Cost Accounting 20 80 100

 

SEMESTER 6 SUBJECTS MARKS TOTAL
1 Indian Financial System 20 80 100
2 E-Commerce 20 80 100
3 Financial Management 20 80 100
4 Investment Management 20 80 100
5 Working Capital Management 20 80 100
6 Corporate Accounting 20 80 100

 

1.LANGUAGE

2.ENGLISH

3.FINANCIAL ACCOUNTING

Unit 1

Meaning of Accounting, Accounting Principles – Concepts & Conventions. Systems of Book-   keeping– rules of double-entry – Preparation of Journal and Ledger (Personal Accounts only). Subsidiary books – Purchases, purchase Returns, Sales, Sales returns, Cash Book, Petty Cash Book, Journal Proper, Bills Receivable, and Bills Payable book (Format & Theory only). Problems on three column cash book.

Unit 2

Bill of Exchange – Meaning, Characteristics, Parties to Bill of Exchange (Drawer, Drawee, payee, Endorsee & Endorser) – Noting & Protest – Discounting – Endorsement – Renewals of Bills – Dishonor of Bills. Simple problems on Trade bills.

Unit 3

Preparation of Trial Balance, Preparation of Final Accounts of Sole-Trading Concern – Trading Account, Profit & Loss Account, and Balance Sheet.

Unit 4

Depreciation – Meaning, Causes, Depreciation V/s Fluctuations, Methods of Depreciation – Problems on Straight line method, written down value method, and Depreciation fund Method.

Unit 5

Consignment – Meaning – Difference between Sales and Consignment – Pro-forma invoice – Account Sale. Problems on Consignment (at cost and Invoice price) – Normal loss and abnormal loss.

References:

  1. Advanced Accountancy – R.L. Gupta
  2. Advanced Accountancy – S.N. Maheshwari

4.BUSINESS MANAGEMENT

Unit 1

Management: Importance – Definition – Nature and Scope of Management Process – Role and Functions of a Manager – Levels of Management – Evolution of Management.

Unit 2

Planning: Nature – Importance – Forms – Types – Steps in Planning – Objectives –Decision –making – Process of Decision – making – Types of Decision.

Unit 3

Organizing: Types of Organisations – Organisation Structure – Span of Control and Committees-Authority – Delegation –Forecasting.

Unit 4

Management by Objectives, Policy, And Strategy. Co-ordination – Need, Type and Techniques, and requisites for excellent Coordination – Controlling – Meaning and Importance – Control Process-Control Techniques.

Unit 5

Definition of Business ethics – importance, characteristics, Principles  of Business Ethics and relevance of Values in Business – – Ethical Management, Structure of Ethics Management

Recommended Texts

  1. B.Gupta, Management Theory & Practice – Sultan Chand & Sons – New Delhi.
  2. M.Prasad, Principles & Practice of Management – Sultan Chand & Sons – New Delhi.
  3. P.C. Tripathi & P.N Reddy, Principles of Managements – Tata Mc.Graw Hill – New Delhi.

5.PRINCIPLES OF  ECONOMICS

Unit 1

Managerial economics: Definition, nature, and scope. Roles and responsibilities of a managerial economist. Relationship to economic theory, decision sciences, statistics, accounting, and functional areas of business.

Unit 2

Theory of the firm: objectives, alternative objectives, and value of the firm. Constraints to the operation of the firm, limitations of the theory of the firm, the nature and functions of profits, business sources of economic profits, theory, and functions of profits.

Unit 3

Individual demand v. market demand. Elasticity: price elasticity of demand, and income elasticity of demand.

Unit 4

Production and cost analysis. Production function, ridgelines, expansion path. Law of variable proportion. Types of costs. Short-run and long-run costs.

Unit 5

Importance of prices. Pricing and profit analysis. Pricing under perfect competition, monopoly, monopolistic competition, and oligopoly. Different pricing strategies. Price discrimination.

References:

  1. Managerial economics- Gupta
  2. Managerial Economics- concepts and cases- V L Mote, S Paul, and GS
  3. Managerial Economics- M Craig Peterson and W C Luis
  4. Managerial Economics- Mithani
  5. Managerial Economics by Dominic Salvatore
  6. Managerial Economics- Varshney & Maheshwari

6.ENVIRONMENTAL STUDIES

Unit 1

Definition of Environmental studies, Relationship to other branches (Multidisciplinary nature), scope, and importance. Need for public awareness.

Unit 2

Renewable and Non-renewable Resources.

Forest Resources: Use and over-exploitation, deforestation, timber logging, Mining, Dams, and their effects on  Forest and tribals.

Water Resources: use and overutilization of surface and groundwater, floods, droughts, dams, benefits, and problems

Mineral Resources: Use and exploitation, environmental effects of extracting, and using mineral resources.

Food Resources: Definition, use, changes caused by agriculture, and overgrazing effects of modern agriculture, fertilizer-pesticide, waterlogging, salinity.

Energy Resources: Growing energy needs renewable and nonrenewable energy sources, use of alternate energy sources.

Land Resources: Land as a resource, land degradation, man-induced landslides, soil erosion, and decertification.

Roll of an individual in a conversation of natural resources.

Unit 3

  • concept of an ecosystem.
  • Structure and function of an ecosystem
  • Producers, consumers, and decomposers
  • Energy flow in the ecosystem
  • Ecological succession
  • Food chains, food webs, and ecological pyramids
  • Introduction, types, characteristic features, structure, and function of the following
  1. forest ecosystem
  2. Grassland ecosystem
  3. Desert ecosystem
  4. Aquatic ecosystem: ponds, streams, lakes, rivers, oceans, estuaries

Unit 4

  • Introduction – Definition, genetic species, and ecosystem diversity
  • Biogeographical classification of India
  • Value of Biodiversity: Consumptive use, production use, social, ethical, aesthetic, and option value
  • Hotspots of biodiversity
  • Threats to biodiversity: habitat loss, poaching of wildlife, man- wildlife conflicts.
  • Endangered and endemic species of India
  • A conversation of biodiversity In-situ and ex-situ conversation of biodiversity

Unit 5

Definition

  • Causes, effects, and control measures of
  • Air pollution
  • Water pollution
  • Soil pollution
  • Marine pollution
  • Noise pollution
  • Thermal pollution
  • Nuclear hazards
  • Solid waste management and control measures of urban and industrial
  • Pollution case studies
  • Disaster Management: Flood, earthquake, cyclone, and landslides.

SEMESTER II

1.LANGUAGE

2.ENGLISH

3.INDIAN BUSINESS ENVIRONMENT

 

Unit 1

Objectives of business, business, as an organ of society, the internal and external environment of business; business, society, and government-interface.

Unit 2

 Forms of Business Organisations -Sole Proprietorship, Partnership, joint-stock company. Private and public, government companies, co-operatives, public sector companies, corporatization of departmental undertakings, utilities, boards, port trusts, statutory corporations( a study of salient features)

Unit 3

 External factors- Social, cultural, political, and technological factors influencing business in India.

Unit 4

Economic environment – salient features of Indian economy – sectoral developments – agriculture, industry and service sectors – sectoral and regional imbalance.

Unit 5

. Business Ethics and Corporate Social Responsibility.

References:

  1. Essential of the Business environment – Bisht and Sharma
  2. Business Environment – Francis Cherunilam
  3. Business policy -Bommel
  4. Business Environment – Ashwathappa

4.ADVANCE FINANCIAL ACCOUNTING

Unit 1

Accounting for Consignment transactions:

Meaning of Consignment – Goods sent at Cost Price and at Invoice price – Types of Commission – format of Account Sales – Valuation of goods lost in transit – Valuation of stock on Consignment.

Unit 2

 Accounting for Hire Purchase:

Features of Hire Purchase System – preparation of Statement Analysis – Ascertainment of the cash price of an Asset –Problems on Hire purchase system (excluding re-possession).

Unit 3

 Installment System:

Meaning – Features – Differences between Hire Purchase and Installment System. Problems with the Instalment system.

Unit 4

Accounting for Royalties:

Meaning Royalty – Minimum Rent – Short workings –Analytical Table – Preparation of Ledger Accounts in the books of both the parties. Sublease (theory only).

Unit 5

Financial Statements of Non-Profit Organizations:

Meaning and Recognition of Capital & Revenue items – Nature of Receipt and Payment Account: Income and Expenditure Account –Preparation of Final Accounts.

Books for Reference:

  1. Accounting Principles; Anthony, R.N, and Reece, J.S.: Richard Irwin
  2. Financial Accounting; Gupta, R.L and Radhaswamy, M:
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