Department of Accountancy and Statistics M.Com (Accountancy ...

1

Department of Accountancy and Statistics

Mohanlal Sukhadia University, Udaipur

M.Com (Accountancy & Statistics) (Semester Scheme)

Courses of Study

(Effective from July, 2015)

Paper Code Paper no. Nomenclature of Paper Maximum

Marks

Semester 1

41801 1.1 Advanced Accounting 100

41802 1.2 Service Tax Laws & Practice 100

41803 1.3 Advanced Statistical Analysis 100

41804 1.4 Security Analysis and Portfolio Management 100

41805 1.5 International Financial Reporting Standards I 100

41806 1.6 Operations Research 100

Total 600

Semester 2

42801 2.1 Advanced Cost Accounting 100

42802 2.2 Indirect Tax 100

42803 2.3 Advanced Financial Management 100

42804 2.4 International Accounting 100

42805 2.5 International Financial Reporting Standards II 100

42806 2.6 Accounting Information Systems 100 Total 600

Semester 3

43801 3.1 Government Accounting 100

43802 3.2 Income Tax 100

43803 3.3 Research Methodology and Quantitative

Techniques 100

43804 3.4 Contemporary Auditing 100

43805 3.5 International Financial Reporting Standards III 100

43806 3.6 Computer Applications in Accountancy and

Statistics 100

Total 600

Semester 4

44801 4.1 International Financial Management 100

44802 4.2 Tax Planning 100

44803 4.3 Ethics in Accounting 100

44804 4.4 Auditing Standards 100

44805 4.5 International Financial Reporting Standard IV 100

44806 4.6 Comprehensive Viva Voce 100

Total 600

Note: Comprehensive Viva-Voce shall be conducted by a panel of examiners consisting of

Senior Most Professor, HOD, and External Expert.

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M.Com Accountancy & Statistics

FIRST SEMESTER

Paper 1.1 – Advanced Accounting

Unit – I

Amalgamation of companies (Advanced) including intercompany balances,

Intercompany holdings, Internal Reconstruction including preparation and

implementation of reconstruction scheme

Unit – II

Liquidation of companies: Consequences, List ‗B‘ contributories, preferential

creditors, liquidators and receivers final statements and preparation of statement of

affairs and List ‗H‘.

Unit – III

Accounts of Holding Companies: provisions of section 129 of Companies Act 2013,

preparation of consolidated P&L a/c and Balance Sheet including intercompany and

chain holdings

Unit – IV

Accounts of Banking Companies: Provisions, schedule format, classification of assets,

provisioning norms, income recognition.

Unit – V

Financial reporting by mutual funds, NBFC, Merchant Bankers, Stock and

Commodity Markets intermediaries

Suggested Readings:

Gupta, R.L. and Radhaswami, M.: Advanced Accounts Vol. II (English & Hindi).

Khandelwal, M.C. :Higher Accounting (English & Hindi).

Maheshwari, S.N. : Advanced Accountancy Vol. II

Sehgal Ashok and Sehgal Deepak :Advance Accounting Vol. II

Shukla, M.C. and Grewal, T.S. :Advanced Accounts Vol. II (English & Hindi

3

Paper 1.2 – Service Tax Laws & Practice

Unit-I

Concept and Principles: - Basic Concept of service, Basis of Charge (charging Section),

Classification of Service, declared services, Negative List, Mega Exemptions

Unit-II

Point of Taxation Rule, Reverse Charge Mechanism

Unit-III

Taxability of Some Specified services and abatements: - Education related services, Software

Services, Renting of Immovable Property, Construction Services, Works contract Services,

Manpower Supply Services, Transportation of Passengers, Transportation of Goods, Courier

Service

Unit-IV

Service relating to agriculture, Services by Financial Sector, Services by Charitable

Organization, Outdoor Catering and Restaurant Services, Service relating to Entertainment.

Unit-V

Procedural Aspects: - Threshold Exemption Limit, Registration under Service Tax, Payment

of Service Tax, Issue of Invoice, Bill, Service Tax Credit (CENVAT) to Service Providers-Capital

Goods, Inputs, Refund and transfer of credit Records and Returns, Assessment, Audit,

Interest, Penalties and Prosecution.

Suggested Readings:

Balachandran V and Thothadri, Taxation Law and Practice, PHI learning Pvt. Ltd.

Nabhi‘s Service Tax Guidelines, Nabhi Publications

Singhania, Vinod K. and Singhania, Monica – Corporate Tax Planning and Business Tax

Procedures, Taxman Publications (P) Ltd.

4

Paper 1.3 – Advanced Statistical Analysis

Unit-1

Moments and Kurtosis.

Probability: mathematical expectations, Bayesian Approach.

Theoretical Frequency Distribution: Binomial, Poisson, Normal,

Unit-II

Tests of significance: Z test, t test, Chi-square test, ‗F‘ test and ANOVA (One way and Two

way)

Unit-III

Non-parametric testS: Sign test, Run test, Signed Rank Test, Kruskal Wallis Test, Median

Test, Kolmogorov-Smirnov Test, Mann-Whitney U Test, Kendall‘s Coefficient of

concordance.

Unit-IV

Statistical Decision Theory,

Partial and Multiple correlation and regression

Unit-V

Issues in Regession: Multicollinearity, Heteroscedasticity and Autocorrelation.

Suggested Readings:

Gujarati, Damodar N & Sangeetha: Basic Econometrics, Tata McGraw Hill

Gupta, S.P.:Statistical Methods, Sultan Chand & Sons, New Delhi

Gupta, B.N. : Business Statisitcs, S.B.P.D. Publicationm, Agra

Hooda, R.P. – Statistics for Business and Economics, Vikas Publishing

Nagar K.N. : lkaf[;dh ds ewy rRo Meenaskhi Prakashan, Meerut

Sancheti and Kapoor: Statistics (Theory,Methods & Application), Sultan Chand & Sons

5

Paper 1.4 – Security Analysis and Portfolio Management

Unit – I

Investment – Introduction, Objective, Investment & Speculation, Investment &

Gambling, Constraints, Investment Process, forms of Investment, Investment

Opportunities Risk in Investment-- Systematic Risk, Unsystematic Risk, Return in

Investment.

Unit – II

Equity Research- Introduction, Economic Analysis, Industry Analysis, Factor Affecting

Industrial Performance, Industrial Life Cycle, Company Analysis, Financial Health

Unit – III

Technical Analysis: Introduction, Principles, Advantages, Criticism, Technical Price

Forecasting Various Indicators, Dow Theory, Chart Patterns, Difference between

Fundamental and Technical Analysis

Unit – IV

Efficient Market Theory:, Introduction, Concepts, Random Walk Theory , The Efficient

Market Hypothesis, Testing of different forms of market efficiency and their significance.

Unit – V

Portfolio Analysis: Introduction, Fundamental Principles, Portfolio Management:

Traditional and modern approaches, Markowitz Model, Sharp portfolio Optimisation and

CAPM model

Suggested Readings:

Avadhani, V.A. :Investment Management, Himalaya Publishing House

Fabozzi, Frank J.:The Institutional Investor Focus on Investment Management, Ballinger

publishing Co.

Fischer, Donald E and Jordan, Ronald T.: Security analysis and Portfolio Management,

Prentice Hall of India Ltd. (VIth Edition).

Francis, Jack Clark :Investment Analysis and Management, McGraw Hill Book Co.

Khatri Dhanesh :Security analysis and Portfolio Management, Macmillan Publisher

Sasidharan, K and Mathew Alex-- Security analysis and Portfolio Management, Tata

McGraw Hill

6

Paper 1.5 – International Financial Reporting Standards – I

Unit – I

Accounting standardisation in India and U S. IASB: Meaning and scope of IFRS,

Compliance with standards, IAS Framework, Objectives, Procedure for issuing standards,

effective dates etc.

Unit – II

Inventories (IAS- 2)

Statement of Cash flow (IAS 7)

Unit – III

Accounting for taxes on income (IAS-12)

Accounting for property, Plant band Equipments (IAS- 16)

Unit – IV

Accounting for leases (IAS-17)

Revenue Recognition (IAS-18)

Unit – V

Accounting for employee benefits (IAS-19)

Accounting for government grants and disclosure of government assistance (IAS -20)

Suggested Readings:

Ghosh, T.P.:Accounting standards and Corporate Accounting Practices: Taxman

Publications, New Delhi.

Kulkarni, Shirish:International financial Reporting Standards, Sonali Publications,New Delhi.

Macjenzie, coetsee et.al, Interpretation and Aplication of International Financial Reporting

Standards, Wiley & Sons

Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx, www.deloitteifrslearning.com

http://www.ifrs.org/IFRSs/Pages/IFRS.aspx

http://www.deloitteifrslearning.com/

7

Paper 1.6: Operations Research

UNIT-1:

Introduction to operations research: Meaning, Models and Techniques. Linear programming:

Definition, mathematical formulation of linear programming models, graphical and simplex

methods for both maximising and minimising, duality

UNIT-2:

Transportation Problems: Various methods of initial feasible solution and optimal cost,

maximisation transportation problem, Prohibited routes. Assignment Problems: Introduction,

simple and unbalanced problems

UNIT-3:

Game Theory: Concept of two –persons zero sum game, pure and mixed strategy games,

saddle point, odds method and dominance methods for solving mixed strategy game.

Data Envelopment Analysis: Meaning and application of DEA (elementary)

UNIT -4:

Queuing Theory: Single chain analysis Replacement Theory: Replacement of assets with

deteriorates with time, replacement of assets which fail suddenly.

UNIT -5:

Network Analysis: application of PERT and CPM Network drawing, calculation of Floats,

Project crushing

Suggested Readings:

Agrawal, N.P.: Quantitative Techniques, Ramesh Book Depot, Jaipur.

Gupta P.K. and Hira D.S. :Operation Research, S. Chand &Company, New Delhi

Kapoor, V.K. : Operations Research,Sultan Chand & Sons, New Delhi

Kothari, C.R. : An Introduction to Operations Research, Vikas Publishing House

Vohra, N.D. : Quantitative Techniques in Management, Tata McGraw Hill, New Delhi

8


SECOND SEMESTER

Paper 2.1 –Advanced Cost Accounting

Unit 1:

Cost based Pricing Decisions: Pricing of finished goods, theory of price, pricing policy,

principles of product pricing, new product pricing, pricing of services and Pareto analysis

Unit-2

Decision Making: Important factors in marginal costing decisions, Pricing under special

circumstances, Make or Buy decision, Shut down or continue decision, Product mix, export

v/s local sales price mix decision

Unit-3

Throughput Accounting: Meaning, concepts, steps to increase throughput, reporting under

throughput accounting, and practical application of throughput accounting. Activity Based

Costing: Meaning, importance and characteristics, Uses and limitations, Elements and Steps

involved, Comparison of ABC with Traditional costing, Activity based management

Unit-4

Standard Costing: Accounting procedure for standard cost, Calculation and Reporting of

Cost Variances, Test of significance of variances. Target Costing: Origin, meaning

advantage, main features, cost ascertainment and pricing of products and services

Unit -5:

Cost accounting Standards: CAS 1 classification of cost, CAS-3 Overheads, and CAS-10

Direct cost. Life Cycle Costing

Suggested Readings:

Arora, M.N. :Cost Accounting, Himalaya Publishing Company, New Delhi.

Bhar, B.K. : Cost Accounting.

Drury ,Colin, Costing an Introduction, Taxmann India

Drury Colin, Management and Cost accounting, International Thompson Business Press

Horngren, C.T.: Foster, G. and Datar, S.M. – Cost Accounting: A Managerial Emphasis,

Prentice Hall of India, New Delhi.

Khan, M.Y. and Jain, P.K: Cost Accounting and Financial Management, Tata McGraw Hill

Pub. Co. Ltd., New Delhi.

Kishor Ravi M, Management Accounting, Taxmann Publication, New Delhi

9

Paper 2.2 – Indirect Tax

Unit – I

Central Excise Act: Basic Concepts, Classification of goods, Valuation of goods.

Unit – II

Cenvat Credit on inputs and capital goods, Export procedure, Warehousing and S.S.I.

Unit – III

Customs Act – 1962: Basic concepts, Classification of goods, Valuation of goods and

Computation of custom duty.

Unit – IV

Central Sales Tax Act: Introduction and Definition, Interstate sales declared goods liability

and to tax on Interstate sales and Rates of Tax Determination of Taxable turnover and tax,

Registration of dealer and prescribed forms.

Unit – V

Rajasthan Value Added Tax Act, 2003: Introduction and Definition, Incidence of tax, Levy of

tax and, Rates of tax, Exempted sales, Computation of Taxable turnover and tax, Registration

of Dealers and Procedure of Assessment.

Suggested Readings:

Datey, V.S.: Indirect taxes: Law and Practice, Taxmann, New Delhi.

Jain, Kaduniya: Indirect taxes, Ramesh Book Depot, Jaipur

Patel and Choudhary :Indirect tax: Choudhary Publication, Jaipur.

.

10

Paper 2.3 Advanced Financial Management

Unit 1

Time value of money: concept and relevance, Compounding techniques: future value of

single and series of cash flow, effective rate of interest, Discounting Techniques: Present

value of future cash flow and series of future cash inflow, present value of perpetuity,

Annuity due, growing perpetuity and growing annuity, applications of the concept of time

value of money: finding out implied rate of interest, number of periods, sinking fund and

deferred payment.

Unit 2:

Capital Budgeting under Risk and Uncertainty: Assumptions and types of Risk, conventional

techniques: Risk adjusted discount rate, certainty equivalent, Quantitative techniques:

Statistical, sensitivity and decision tree, Capital budgeting under capital rationing, inflation,

with unequal lives of proposal

Unit 3:

Business Valuation and corporate restructuring: conceptual framework of valuation, Methods

of valuation: Asset based, earning based, market value based, fair value based, Market value

added, Economic value added. Conceptual and financial framework of corporate restructuring

Unit 4:

Value of firm and capital structure: concept of value of firm, capital structure theories: Net

income, net operating income, traditional and Modigliani Miller, profitability and capital

structure, liquidity and capital structure, financial distress, project financing and project beta.

Unit 5:

Financial derivatives: Futures, options, SWAPS, and Credit Derivatives

Suggested Readings

Agrawal M R,: Financial management, Garima Publications, Jaipur

Halm Levy and Michael J. Alderson,Principles of Corporate Finance, S.W. College

Publication Ohio – USA.

Hampton John, J.: Financial Decision Making, Prentice Hall of India, New Delhi.

Khan and Jain,: Financial Management Text, problems and cases, Tata McGraw Hill

Prasannchandra : Financial Management, Tata McGraw Hills, New Delhi.

Pandey, I.M.: Financial Management, Vikas Publishing House, NewDelhi.

Rustagi RP,:Financial Management Theory, concepts and problems,Taxmann

Publication, New Delhi

Van Horne, J.C. and Wachowicz, J.M.: Fundamentals of Financial Management, Prentice

Hall of India, New Delhi.

11

Paper 2.4 – International Accounting

Unit – I

International Accounting --Introduction, Importance, Definition, Scope, Factors affecting

accounting diversity at International level and Challenges.

Unit – II

Accounting for Foreign Currency Translations—Introduction, Need, Foreign Exchange

Exposure- Translation, Transaction & Economic, Accounting for International Transactions,

Different Approaches to Translation and Treatment of Translation Gains and Losses.

Unit – III

Foreign Exchange Risk Management—Introduction Definition, Objectives of Risk

Management of Techniques of Risk Management, Accounting Treatment of Financial

Derivatives

Unit – IV

Multinational Transfer Pricing – Introduction, Definition, Approaches, Objectives, Arm‘s

Length Principle, Transfer Pricing for Intangibles and Services.

Unit – V

International Financial Reporting and Disclosure & International Financial Statement

Analysis —Need for Transnational Reporting and Disclosure, Complexities, Disclosure

Requirements, Reporting Practices, International Financial Statement Analysis--

Introduction, Need, Techniques, Analyzing Global Financial Statements: The Complexities

Suggested Readings

Rathore, Shirin :International Accounting, Prentice Hall of India, New Delhi.

Shanmukh Saudararam : International Accounting.

12

Paper 2.5 – International Financial Reporting Standards-II

Unit – I

Effects of changes in foreign exchange rates (IAS-21)

Capitalisation of borrowing costs (IAS-23)

Unit – II

Related party disclosures (IAS-24)

Accounting and reporting by retirement benefit plans (IAS-26)

Unit – III

Consolidated and separate financial statement (IAS-27)

Investments in associates (IAS-28)

Unit – IV

Financial Reporting in Hyper inflationary Economics (IAS-29)

Interest in Joint Venture (IAS-31)

Unit – V

Earnings per share (IAS-33)

Interim financial reporting (IAS-34)

Suggested Readings:

International Financial Reporting Standard, International Accounting Standard Board,

Taxmann Publication

Kulkarni, Shirish – International financial reporting standards, Sonali Publications, New

Delhi.






13

Paper2.6 – Accounting Information Systems

Unit – I

Accounting Information Systems: Concept, Evolution, AIS Vs MIS,

Systems Techniques and Documentation: Program Flowcharts and Decision Table.

Unit – II

Transaction Processing: Revenue, Expenditure, Production and Finance.

Unit – III

Overview of Information and Communication Technology (ICT): Recent Advances,

Database and DBMS: Types.

Unit – IV

Computer System Security: Active and Passive Threats, Preventive Measures

Systems Development Life Cycle: System Analysis, System Design, System Implementation.

Unit – V

Systems Audit: Auditing Around Computer, Through Computer and With Computer Reports

for Managerial Decisions.

Suggested Readings:

Bodnar and Hopwood – Accounting Information Systems, Pearson Higher Ed, USA.

Rahmaan and Halladay – Accounting Information Systems, Prentice Hall

Romney and Steinbart – Accounting Information Systems, Pearson Education, New

Delhi.

14


THIRD SEMESTER

Paper 3.1 – Government Accounting

Unit – I

Objectives and Basic Principles and Characteristics of governmental accounting, System of

financial administration in India, Difference between Government system of accounting and

Commercial system of accounting

Unit – II

Revenue and expenditure accounting, Accounting for Governmental funds, accountings for

general capital assets and long term liabilities, Compilation of accounts, Annual financial

statements

Unit – III

Indian Government Accounting Standards(IGAS): IGAS-1 Guarantee given by Government:

Disclosure Requirements, IGAS-2 Accounting and Classification of Grant in Aid, IGAS-3

Loans and Advances Made by Government

Unit – IV

Accounts of Insurance Companies, Elementary knowledge of Indian Government Financial

Reporting Standards (IGFRS)

Unit – V

Accounts of electricity supply companies including double account system, Accounting for

Replacement

Suggested Readings:

Jain, D.C., Khandelwal, M.C. and Pareek, H.C. ,Higher Accounting, Ramesh Book Depot,

Jaipur.

Freeman, Shoulders and Allison et.al.: Governmental and Non-Profit Accounting, Theory

and Practice, Prentice Hall, 9th Edition.

Frederic B. Bogui: Handbook of Government Accounting, Public Administration and Public

Policy, CRC Press

15

Paper 3.2 – Income Tax

Unit – I

Assessment of firms: conditions of assessment as firm, computation of book profit,

Deductions from gross total income, Minimum alternate tax provisions, computation of

incomes of partners, assessment of limited liability partnership

Unit – 11

Assessment of AOP: Computation of total Income, Computation of tax liability, rebate under

section 86, computation of income of members. Assessment of Cooperative Societies:

Definitions, computation of total income and tax liability.

Unit – III

Assessment of Companies: Definitions of different types of companies, Carry forward and

Set-off of losses in the cases of certain companies (Sec 79), Deduction from GTI (Sec. 80 G

to 80JJAA), Computation of taxable income and tax liability, Minimum Alternative Tax (Sec

115 JB).

Unit – IV

Special provisions relating to tax on distributed profits of domestic companies and mutual

funds (sec. 115-O to 115Q) and (115R to115T). Tax on Income received from venture capital

companies and venture capital funds (Sec 115 U).

Unit – V

Assessment of trusts: Meaning, Types, exemption under section 11 to 13, return of income of

charitable trusts, Taxability of the income of the trust.

Suggested Readings:

Ahuja and Gupta, ― Professional approach to Direct Taxes Law and Practice including

tax planning,‖, Bharat Law House Pvt. Ltd., New Delhi.

Mehotra, H.C. and Goyal, S.P. ― Income Tax Law and Accounts including tax planning,

Sahitya Bhawan Publications, Agra

Singhania, Vonid, and Singhania, Kapil – Direct Tax Law and Practice.

16

Paper 3.3 – Research Methodology and Quantitative Techniques

Unit-I

Research: Definition, Importance, Types, steps in Research Methodolgy, Defining Research

Problems, Research Design.

Unit-II

Sampling Design, Types of Sample, Measurement and Scaling, Multi-dimensional scaling,

Research Report Writing, Referencing, Bibliography.

Unit-III

Factor Analysis, Conjoint Analysis

Unit-IV

Discriminant Analysis, Cluster Analysis

Unit-V

Decompsition Analysis, Structural Equation Modelling

Suggested Readings:

Beri, G.C. : Marketing Research, Tata McGraw Hill, New Delhi

Black, Hair et al.: Multivariate Data Analysis, Pearson (LPE)

Boyd et. al.: Marketing Research, Tata McGraw-Hill, New Delhi

Cooper, Donald R. and Schindler, Pamela S. : Business Research Methods, McGraw Hill

Education

Kothari, C.R. : Research Methodology, Nwe Age International Publishers, new Delhi

Sachdeva, J.K.: Business Research Methodology (Himalaya)

Sharma, K.R. : Business Research Methods, National Publishing House, New Delhi

17

Paper 3.4 – Contemporary Auditing

Unit – I

Audit of Limited Companies: Auditors responsibility, Statutory requirement under

Companies Act, Audit of branches and Joint Audit. Concept of true and fair, concept of

materiality in the context of audit companies.

Unit – II

Auditor's Report: Certificate and Report, Types of Audit Report, special reports on

prospectus, dividends and divisible profits and depreciation.

Unit – III

Audit under different provisions of Income Tax Act, Special features of audit of banks,

Insurance companies and Cooperatives Society, Rights, duties and liabilities of auditors,

Third party liability, Nature and extent

Unit – IV

Non-financial Audit Management Audit, Proprietary Audit, Cost Audit, Environment Audit

and Efficiency Audit.

Unit-V

Social Audit: Model of MNAREGA , Findings of Aruna Roy Committee Report.

Suggested Readings:

Gupta Kamal: Contemporary Auditing, Tata McGraw-Hill New Delhi

Jha Aruna : Students Guide to Auditing and Assurance,Taxmann Publication

Sharma T.R. : Auditing, Sahitya bhawan publications

Tandon. B.N. – A Handbook of Practical Auditing

18

Paper 3.5 – International Financial Reporting Standards-III

Unit – I

Impairment of Assets (IAS-36)

Provisions, Contingent liabilities and Contingent Assets (IAS-37)

Unit – II

Intangible Assets (IAS-38)

Financial Instruments Recognition and Measurement (IAS-39)

Unit – III

Investment property (IAS-40)

Agriculture (IAS-41)

Unit – IV

IFRS-1 First time adoption of IFR standards

IFRS-2 Share based payment.

Unit – V

IFRS-3 Business Combinations

IFRS-4 Insurance Contracts

Suggested Readings:

International Financial Reporting Standard, International Accounting Standard Board,

Taxmann Publication


Delhi.






19

Paper 3.6: Computer Application in Accountancy and Statistics

Unit 1

Basics of excel worksheet: meaning and application of worksheet, fx functions, Audit

toolbar, Graphics, conditional formatting, combo box, Controls, Scenarios, Goal seek, Auto

correct, Hiding rows and columns, Function keys, cell referencing, creating formulae, PIVOT

tables, MACROS, Sorting, Filtering, Shortcut keys.

Unit 2

Excel financial functions: Simple interest, compound interest, present value, compound

annual growth rate. Excel Statistical function: Measurement of central tendency, measures of

dispersion, linear correlation (Karl Pearson and spearman), regression coefficient by Using

excel sheet.

Unit 3

Tally ERP accounting package: Basic Concepts- setting up new company, setting up

account heads, groups, creating multiple ledgers. Voucher: Create voucher, voucher entry

along with VAT and Service taxes. Books of accounts: Generating books of accounts,

generating reports, Day books.

Unit 4

Tally ERP accounting package - Financial analysis Tools: Cash flow statement, ratio

analysis, VAT and service tax report Budget VS Actual Expenditure, Tally audit, export and

import data, EOQ stock levels, Problems: problems of accounting software package, security

problem, data integrity problem, virus problem

Unit 5

SPSS package: Frequencies, bar chart, Histogram, Descriptive statistics, cross tabulation &

chi square test, Correlation, Regression, T test, ANOVA, Non-parametric tests

Suggested Readings:

Bodhanwala ,Ruzbeh J, Financial Management using Excel Spreadsheet, Taxmann

publication.

Darren ,George and Mallery Paul, SPSS for Windows STEP BY STEP, Pearson

Publication tenth edition.

Davis ,Glyan & Branko Pecar, Business Statistics using Excel, Oxford university press.

Special Rule for Examination:

Examination of this paper shall comprise only practical of three hours duration.

20


FOURTH SEMESTER

Paper 4.1 - International Financial Management

Unit – I

International Financial Management: Concept, MNCs: The key Participants in International

Financial Functions, Nature, Scope of IFM, Goals for IFM, International Vs Domestic

Financial Management.

International Financial Instruments: GDR, ADR, IDR.

Unit – II

Balance of Payments: Structure, Accounting Principles in BOP, Components of the BOPs,

Equilibrium, Disequilibrium and Adjustments.

Unit – III

International Investment Decisions: Foreign Direct Investment: Meaning, Theories of FDI,

Costs and Benefits of FDI and Strategy for FDI.

Financial Swaps: Interest-Rate Swap, Currency Swap and Equity Swap, Some aspects of

Swap Management.

Unit – IV

Financing of Foreign Trade: Foreign Trade Documentation, Modes of Payment in

International Trade, Methods of Trade Financing

International Indebtedness: External Resources and Development, Nature and Magnitude of

External Debt, Factors behind the Debt Crisis and Management of External Indebtedness.

Unit – V

Foreign Exchange Market Structure of the Forex Markets, Distinctive features, Major

Participants, Spot Market, Forward Market, Market for Currency Futures, Market for

Currency Options.

Suggested Readings:

Agarwal, O.P. : International Financial Management, Himalaya Publishing House,

Mumbai.

Alan, C. Shapiro : Multinational Financial Management, Willey India, New Delhi.

Apte, P.G. : International Financial Management, McGraw Hill Publishing, New Delhi.

Bhalla V.K. : International Financial Management, Anmol Pub., New Delhi.

EUN and Resnick. : International Financial Management, Tata McGraw Hill, New Delhi.

Jeff Madura : International Financial Management, South-western Cengage Learning,

USA.

Maurice, D. Levi : Internation Finance, Tata McGraw Hill, New Delhi.

Sharan, V. : International Financial Management, PHI, New Delhi.

Somnath, V.S. : International Financial Management, I.K. International Pub. House, New

Delhi.

21

Paper 3.3 – Tax Planning

Unit I

Introduction: tax planning, tax avoidance and tax evasion, objective of tax planning, Tax

planning special reference to residential status, salary, Income from house property, capital

gain and clubbing of income.

Unit – II

Tax Planning with reference to Location, Nature, size and form of Organisation of New

Business.

Unit – III

Tax Planning for Financial Management Decisions: Tax Planning relating to Capital

Structure Decision, Dividend Policy, Inter Corporate Dividend and Bonus Shares.

Unit – IV:

Tax Planning for Managerial Decision: Tax Planning in respect of Own or Lease, Sale of

assets used for Scientific Research, Make or Buy Decisions, Repair, Replace, Renewals or

Renovation and Shut Down or Continue Decisions.

Unit – V:

Special Tax Provision: Tax Provision relating to Free Trade Zones, Infrastructure Sector and

Backward Areas, Tax Incentives for Exporters, Tax Planning with reference to

Amalgamation of companies.

Suggested readings:

Ahuja and Gupta, ― Professional approach to Direct Taxes Law and Practice including

tax planning,‖, Bharat Law House Pvt. Ltd., New Delhi.

Mehotra, H.C. and Goyal, S.P. , ― Income Tax Law and Accounts including tax planning,

Sahitya Bhawan Publications, Agra

Singhania, Vinod K. and Singhania, Monica – Corporate Tax Planning and Business

Tax Procedures, Taxman Publications (P) Ltd.

22

Paper 4.3: Ethics in Accounting

Unit I

Ethics: Meaning, Concept, Sources, Ethics, Ethos and Values. Ethical dilemma Need and

Significance of Ethics in Business and Accounting Indian Ethos: Concept, Sources and

Salient features.

Unit II

Corporate Governance, Concept, Purpose, SEBI Clause 49 Corporate Social Responsibility:

Evolution, concept, Arguments for and against, Barriers CSR accounting and audit.

Unit-III

Work Ethics and Swadharma Gandhian Approach, Theory of Trusteeship, Karma Yoga and

Self Management concepts in Bhagvadgita

Unit-IV

Dark side of Business: White-Collar Crime, Cooking the books. Cases of Enton, Arthur-

Andreson, Satyam

Unit-V

Professional Codes of Conduct of ICAI and AICPA

Suggested Readings:

Albrecht, W.S.: Ethical issues in Practice of Accounting ,South Western

Chattopadhyay, P.: Sins of Multinational Companies,IAA Research Foundation

Gupta, Dipanker: Ethics Incorporated ,Response Books

Khandelwal, N.M. :Ethics and Indian Ethos in Management, Pacific

Nilkant, V. & Ramnarayan S.: Change Management, Response Books

23

Paper 4.4 – Auditing Standards

Unit – I

Introduction of International Auditing and Assurance Standard Board (IAASB) and auditing

standards in India SA 200: Overall Objectives of the Independent Auditor and the Conduct of

an Audit in Accordance with Standards on Auditing. SA 210: Agreeing the Terms of Audit

Engagements.

Unit – II

SA220: Quality Control for an Audit of Financial Statements. SA230: Audit Documentation.

SA240: The Auditor‘s Responsibilities Relating to Fraud in An Audit of Financial

Statements.

Unit – III

SA 299: Responsibility of Joint Auditors. SA315: Identifying and Assessing the Risk of

Material Misstatement through Understanding the Entity and Its Environment. SA320:

Materiality in Planning and Performing an Audit.

Unit – IV

SA 402: Audit Consideration Relating to an Entity Using a Service Organisation SA500:

Audit Evidence. SA 501: Audit Evidence – Specific Considerations for Selected Items.

Unit – V

SA530: Audit Sampling. SA540: Auditing Accounting Estimates, Including Fair Value

Accounting Estimates, and Related Disclosures. SA570: Going Concern.

Suggested Readings :-

Bumb, Manish K. : Auditing, Ashoka Law Pub., Udaipur.

Jha, Aruna : Auditing and Assurance, Taxmann, New Delhi.

Rawat, D.S. : Auditing Standards,Taxmann, New Delhi.

Steven Collings : Interpretation and Application of International Standards on Auditing,

Wiley.com., USA.

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Paper 4.5 – International Financial Reporting Standards-IV

Unit – I

IFRS -5 Non –current Assets Held for sale and Discontinued operations

IFRS-6 Exploration for and Evaluation of Mineral Assets

Unit – II

IFRS-7 Financial Instruments Disclosure

IFRS-8 Operating Segments

Unit III

IFRS- 9 Financial Instruments

IFRS -10 Consolidated Financial Statement

Unit – IV

IFRS- 11 Joint Arrangements

IFRS -12 Disclosure of Interest in other entities

Unit V

IFRS-13 Fair Value Measurement

Contemporary Developments (if any)

Suggested Readings:

Ghosh, T.P. – Accounting standards and Corporate Accounting Practices: Taxman

Publications, New Delhi.

Jawahar Lal – Accounting Theory and Practice, Himalaya Publishing House, Delhi.


Delhi.

Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx

Paper 4.6 – Comprehensive Viva Voce

The viva voce shall be conducted at the end of examination of all theory papers. This shall

comprehensively cover the aspects of the subject and contemporary developments.

Department of Accountancy and Statistics M.Com (Accountancy ...

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