Accounting, Taxation & Auditing
1. Financial Accounting:
Accounting as a Financial Information System;
Impact of Behavioural Sciences. Accounting
Standards e.g., Accounting for
Depreciation, Inventories, Research and
Development Costs, Long-term Construction
Contracts, Revenue Recognition, Fixed
Assets, Contingencies, Foreign Exchange
Transactions, Investments and Government
Grants, Cash Flow Statement, Earnings
Per Share.
Accounting for Share Capital Transactions
including Bonus Shares, Right Shares,
Employees Stock Option and Buy- Back of
Securities.
Preparation and Presentation of Company
Final Accounts.
Amalgamation, Absorption and Reconstruction
of Companies.
2. Cost Accounting:
Nature and Functions of Cost Accounting.
Installation of Cost Accounting System.
Cost Concepts related to Income Measurement,
Profit Planning, Cost Control and
Decision Making.
Methods of Costing: Job Costing, Process
Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a
tool of Profit Planning.
Incremental Analysis/ Differential Costing
as a Tool of Pricing Decisions, Product
Decisions, Make or Buy Decisions, Shut-
Down Decisions etc.
Techniques of Cost Control and Cost Reduction:
Budgeting as a Tool of Planning
and Control. Standard Costing and Variance
Analysis.
Responsibility Accounting and Divisional
Performance Measurement.
3. Taxation:
Income Tax: Definitions; Basis of Charge;
Incomes which do not form Part of Total
Income. Simple problems of Computation
of Income (of Individuals only) under Various
Heads, i.e., Salaries, Income from
House Property, Profits and Gains from
Business or Profession, Capital Gains, Income
from other sources, Income of other
Persons included in Assessee’s Total Income
.
Set - Off and Carry Forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT
and Services Tax.
4. Auditing:
Company Audit: Audit related to Divisible
Profits, Dividends, Special investigations,
Tax audit.
Audit of Banking, Insurance, Non-Profit
Organizations and Charitable Societies/
Trusts/Organizations.
Financial Management, Financial Institutions
and Markets
1. Financial Management:
Finance Function: Nature, Scope and Objectives
of Financial Management: Risk
and Return Relationship.
Tools of Financial Analysis: Ratio Analysis,
Funds-Flow and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Procedures and Appraisal Methods. Risk and
Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of
Specific Costs and Weighted Average Cost
of Capital. CAPM as a Tool of Determining
Cost of Equity Capital.
Financing Decisions: Theories of Capital
Structure - Net Income (NI) Approach,
Net Operating Income (NOI) Approach, MM
Approach and Traditional Approach. Designing
of Capital structure: Types of Leverages
(Operating, Financial and Combined),
EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm:
Walter’s Model, MM Thesis, Gordan’s
Model Lintner’s Model. Factors Affecting
Dividend Policy.
Working Capital Management: Planning of
Working Capital. Determinants of Working
Capital. Components of Working Capital -
Cash, Inventory and Receivables.
Corporate Restructuring with focus on
Mergers and Acquisitions (Financial aspects
only)
2. Financial Markets and Institutions:
Indian Financial System: An Overview
Money Markets: Participants, Structure and
Instruments. Commercial Banks. Reforms
in Banking sector. Monetary and Credit
Policy of RBI. RBI as a Regulator.
Capital Market: Primary and Secondary
Market. Financial Market Instruments and
Innovative Debt Instruments; SEBI as a
Regulator.
Financial Services: Mutual Funds, Venture
Capital, Credit Rating Agencies, Insurance
and IRDA.
Organisation Theory and Behaviour
1. Organisation Theory:
Nature and Concept of Organisation; External
Environment of Organizations -Technological,
Social, Political, Economical and
Legal; Organizational Goals - Primary and
Secondary goals, Single and Multiple
Goals; Management by Objectives.
Evolution of Organisation Theory: Classical,
Neo-classical and Systems Approach.
Modern Concepts of Organisation Theory:
Organisational Design, Organisational
Structure and Organisational Culture.
Organisational Design–Basic Challenges;
Differentiation and Integration Process;
Centralization and Decentralization Process;
Standardization / Formalization and
Mutual Adjustment. Coordinating Formal
and Informal Organizations. Mechanistic
and Organic Structures.
Designing Organizational structures–Authority
and Control; Line and Staff Functions,
Specialization and Coordination.
Types of Organization Structure –Functional.
Matrix Structure, Project Structure.
Nature and Basis of Power , Sources of
Power, Power Structure and Politics. Impact
of Information Technology on Organizational
Design and Structure.
Managing Organizational Culture.
2. Organisation Behaviour:
Meaning and Concept; Individual in organizations:
Personality, Theories, and Determinants;
Perception - Meaning and Process.
Motivation: Concepts, Theories and Applications.
Leadership-Theories and Styles.
Quality of Work Life (QWL): Meaning and
its impact on Performance, Ways of its Enhancement.
Quality Circles (QC) – Meaning
and their Importance. Management of
Conflicts in Organizations. Transactional
Analysis, Organizational Effectiveness,
Management of Change.
Human Resources Management and Industrial
Relations
1. Human Resources Management
(HRM):
Meaning, Nature and Scope of HRM, Human
Resource Planning, Job Analysis, Job
Description, Job Specification, Recruitment
Process, Selection Process, Orientation
and Placement, Training and Development
Process, Performance Appraisal and
360° Feed Back, Salary and Wage Administration,
Job Evaluation, Employee Welfare,
Promotions, Transfers and Separations.
2. Industrial Relations (IR):
Meaning, Nature, Importance and Scope
of IR, Formation of Trade Unions, Trade
Union Legislation, Trade Union Movement
in India. Recognition of Trade Unions, Problems
of Trade Unions in India. Impact of
Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and
Lockouts , Causes of Disputes, Prevention
and Settlement of Disputes.
Worker’s Participation in Management:
Philosophy, Rationale, Present Day Status
and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises,
Absenteeism and Labour Turnover in Indian
Industries and their Causes and Remedies.
ILO and its Functions.
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