B.Com SEMESTER II-

BC/2/CC/06: Functional Areas of Business

Unit I

Introduction
Functional areas of business: Financial Management; Human Resource Management; Marketing Management; Operations Management; Their changing role in business organizations.

Unit II

Financial Management
Meaning, Scope and Importance; Basic Objectives of Financial Management; Sources of short and long term finance; Debt vs Equity; Finance Function: Capital Budgeting, Capital Structure, Dividend Policy, Working Capital Management.

Unit III

Human Resource Management
Meaning, Scope and Importance; HRM Functions: Human Resource Planning, Selection, Training & Development, Compensation; Employee welfare, EmployerEmployee Relation, Grievances handling and redressal of Industrial Disputes.

Unit IV

Marketing Management
Meaning, Scope and Importance; Marketing Mix: Product, Pricing, Placing, Promotion Decisions.

Unit V

Production & Operations Management
Meaning, Scope and Importance; Production Functions: Product Planning & Control, Product Design and Development, Plant Location, Plant layout.

Suggested Readings:

  1. C.B. Gupta : Human Resource Management, Sultan Chand & Sons, Mumbai
  2. I.M.Pandey: Financial Management, Vikas Publishing, New Delhi.
  3. Khan and Jain: Financial Management, Tata McGrawhill, New Delhi
  4. Koontz and Weihrich: Principles of Management: Tata McGraw Hill, New Delhi.
  5. N.G Nair: Production and Operations Management, Tata McGraw Hill, New Delhi
  6. P. Subha Rao: Human Resource Management, Himalaya Publishing, New Delhi
  7. Philip Kotler: Principles of Marketing, PHI,
  8. R.B. Khanna: Production and Operations Management: PHI, New Delhi
  9. T.N. Chhabra: Principles and Practice of Management: Dhanpat Rai & Co., New Delhi

BC/2/CC/07: Cost Accounting

Unit I

Fundamentals of Cost Accounting
Cost Accounting: Evolution, Objective, Importance, Difference between Cost Accounting and Financial Accounting; Definitions of Important Concepts: Cost, Costing, Cost Accounting, Cost Control, Cost Unit, Cost Centre, Opportunity Cost and Imputed Cost; Cost Sheet: Preparation of Cost Sheet.

Unit II

Material Cost Control
Purchase Control: Meaning, Importance of Purchasing, Centralization and Decentralization Purchasing, Purchase Procedure.
Storage Control: Techniques of Storage Control, Classification and Codification, Bin Cards and Stores Ledger, Determination of Levels of Materials, Perpetual Inventory System, EOQ ABC System of Stores Control.
Issues Control: Returns and Transfers, Bill of Materials, Pricing of Material Issues – LIFO, FIFO, HIFO.

Unit III

Labour Cost Control
Direct and Indirect Labour: Meaning, Difference between Direct and Indirect Labour; Time Keeping: Meaning and Objectives, Methods of Time Keeping.
Time Booking: Meaning and Objectives, Methods of Time Booking; Difference between Time Keeping & time Booking.
Labour turnover: Meaning, Causes,Effect & Cost.
Methods of Remuneration: Time Rate System, Piece Rate System, Differential System.
Accounting Treatment: Overtime, Idle Time.

Unit IV

Overhead Cost Control
Overheads: Meaning, Importance of its Control, Classification.
Absorption of overheads: Meaning, Determination of overhead rates; Under and over absorption, and its treatment.
Accounting Treatment of Overhead Charges: Time Rate System, Piece Rate System, Differential System.

Unit V

Methods of Costing
Job Costing: Meaning, Features & Procedure.
Batch Costing: Meaning, Advantages and Disadvantages, Difference between Job costing & Batch costing, Determination of EBQ.
Contract Costing: Meaning, Features, Comparison between Job Costing and Contract Costing, Costing Procedures and Problems.

Suggested Readings:

  1. D.K. Mittal and Luv Mittal : Cost Accounting, Galgotia Publishing Co., New Delhi.
  2. Horngren: Cost Accounting : A Managerial Emphasis.
  3. Khanna, Pandey and Ahuja: Practical Costing
  4. M. C. Shukla, T. S. Grewal and M.P. Gupta: Cost accounting, Text and Problems, S. Chand & Co. Ltd., New Delhi.
  5. Ravi M. Kishore: Cost Accounting; Taxmann Allied services, New Delhi.
  6. S. N. Maheshwary and S. N. Mittal : Cost Accounting, Theory and Problems, Sri Mahabir Book Depot, New Delhi.
  7. S.P. Jain & K.L. Narang: Cost Accounting Principles and Methods, Kalyani Publishers, Jallandhar

BC/2/CC/08: Banking and Insurance

Unit I

Banking: Origin and evolution of Banking in India, Meaning and definition of Banking, Types of banks: Public sector banks, Private sector banks,
RRBs, Scheduled and non-scheduled banks.
Modern Banking Services: ATM Card, Credit & Debit Card, Internet Banking, Mobile Banking.

Unit II

Functions of banks; Deposits; Types of deposits: savings, current, fixed and recurring deposits; Deployment of Advances: Types of Advances,
Personal Advances, Housing Advances, Agriculture Advances and Industrial Advances, Short, Medium and Long term Advances; Banker and Customer Relationship.

Unit III

Central banking: Meaning, Functions and role, RBI monetary and credit control policy; Commercial Banks: Meaning, Functions and Role;
Co-operative banks: Meaning and role.
Banking Documents: Concepts of Cheque, Passbook, Demand Draft.

Unit IV

Introduction to Insurance: Meaning, evolution & importance;
Understanding Risk, Principles of Insurance; Insurance contracts; ULIP; Underwriting.
Insurance Laws: Nationalization of Life insurance and General insurance; IRDA Act 1999 (An overview – with recent Amendments).

Unit V

Life Insurance: Fundamentals and Classifications; Policy Conditions: Conditions relating to commencement of risk, premium, & claim; Procedure
regarding settlement of policy claims;
General Insurance: Meaning, definition and types – Marine Insurance, Fire Insurance, Motor Insurance & Miscellaneous Insurance.

Suggested Readings:

Banking

  1. A.K. Basu: Fundamentals of Banking – Theory and Practice: A Mukherjee & Co., Kolkata.
  2. B.S. Khubchandani: Practice and Law of Banking; Macmillan, New Delhi.
  3. Khan M.Y: Financial Services; Tata Mcgraw Hill, New Delhi.
  4. M.L. Tennan: Banking – Law and Practice in India; India Law House, Delhi.
  5. R.P. Hooda: Indian Securities Market – Investors view point; Excell Books, New Delhi.
  6. R.S. Sayers: Modern Banking; Oxford University Press.
  7. S.G. Panandikar & D.M. Mithani: Banking in India; Orient Longman.
  8. Sengupta A.K. and Agarwal M.K: Money Market Operations in India; Skylark Publications, New Delhi.
  9. Shekhar & Shekhar: Banking Theory and Prectice; Vikas Publishing House, New Delhi
  10. Vinayakan N: Banking by 2000 A.D; Kanishka Publishers, Delhi.

Insurance:

  1. Gupta PK, Insurance & Risk Management, Himalaya, Delhi.
  2. Insurance Regulatory Development Act 1999.
  3. Life Insurance Corporation Act 1956.
  4. M.N. Mishra: Insurance Principles and Practice; S Chand & Co., New Delhi.
  5. M.N. Mishra: Life Insurance Corporation of India, Vols I, II, & III; Raj Books, Jaipur.
  6. N. Vinayakam, Radhaswamy and SV Vasudevan: Insurance – Principles and Practice, S. Chand & Co., New Delhi

BC/2/OE/09: New Business Venture

Unit I

Overview of Entrepreneurship: Meaning, concept; External and Internal Business environment; Identification of new business opportunities: Identification of markets India & Mizoram; Support for New Businesses: Central Govt. Institutions, State Govt. Institutions and financial intermediaries; MUDRA Bank.

Unit II

Business Plan: Business Plan creation- introduction, feasibility, capital, manpower, machines and equipments; projected sales, Projected profits, Break-even point, Functional areas of new business.
Funds for business creation: Financial intermediaries, types of loans available, application and payment procedures.
Legal issues facing entrepreneurs: Registration of firms; Clearances from different agencies; mandatory issues regarding payment of wages, Employee Provident Fund, Employment of women, Overtime payments, Taxes.

Suggested Readings:

  1. C.B. Gupta and Srinivasan: Entrepreneurial Development in India, Sultan Chand, New Delhi.
  2. D.D. Mali: Entrepreneurship Development in North East, IIE.
  3. K. Natarajan and E. Gordon: Fundamentals of Entrepreneurship, Himalaya, New Delhi.
  4. Khanka, S. S: Text book on Entrepreneurship, S. Chand Publications. New Delhi.
  5. M.B. Shukla: Entrepreneurship and Small Business Management, Kitab Mahal.
  6. Management, Himalaya Publishing House New Delhi.
  7. Vasant Desai: Dynamics of Entrepreneurial Development and Management; Himalaya, New Delhi.
  8. Vasant Desai: Fundamentals of Entrepreneurship and Small Business