Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

SATAVAHANA UNIVERSITY
KARIMNAGAR, TELANGANA STATE, INDIA

FACULTY OF COMMERCE

B.Com (General), CBCS III YEAR, SEMESTER-VI SYLLABUS

BCO601 SEC-4 Regulations of Insurance Business

BCO602 GE- II Water Resources Management

BCO603 DSC-1E Managerial Accounting

BCO604 DSC-2E Company Law

BCO605 DSC-3E Auditing

BCO606 DSC-4E Commerce Lab

BCO607 DSE-1E Human Resource Management (Specialisation-III)

BCO608 DSE-2E Tax Planning & Management (Specialisation – IV)

Note: SEC- Skill- Enhancement Course; CC - Core Course; DSC - Discipline Specific Course;
DSE- Discipline Specific Elective ; GE – Generic Elective; L-Lecture; T-Tutorial; P-Practical
Marks; T-Theory Marks; R- Report; VV- Viva Voce Examination.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

SKILL ENHANCEMEMNT COURSE: IV

BCO601: REGULATIONS OF INSURANCE BUSINESS
Paper: BC601 Max. Marks: 40+10
PPW: 2 Hrs Exam Duration: 1½ hrs

Objective: To equip the students with the knowledge regarding Insurance Business Regulations

UNIT I: INSURANCE LEGISLATION IN INDIA:

History of life and non-life insurance legislation—nationalization—insurance reforms—

insurance business Act, 1972—IRDA and its functions including licensing functions—Web
aggregators—regulation for intermediaries—CCS-SPV-PoS-insurance repositories-TPAs—Role
and duties of surveyors—Origin and development of micro-insurance—regulation of ULIPs—
pension schemes—money laundering—KYC—methods of receipt of premium—Exchange
control regulations relating to General and Life Insurance—IRDA Health Insurance Regulations,
2016—Health plus life combi products.

UNIT II: POLICY HOLDERS RIGHTS OF ASSAINGMENT, NOMINATION AND

TRANSFER:
Assignment and transfer of insurance policies—provisions related to nomination—repudiation—
Fraud—protection of policyholder interest—stages in insurance policy-presale stage-post sale
stage-free look period—grievance redressal—claim settlement—key feature document—dispute
resolution mechanism—insurance ombudsman—solvency margin and investments—
international trends in insurance regulation.

SUGGESTED READINGS :
1. Regulation of Insurance Business – Insurance Institute of India
2. Regulation of Insurance Business – D.S. Vittal, HPH
3. Regulation of Insurance Business: Dr. V. Padmavathi, PBP
4. Risk Management : A Publication of the Insurance Institute of India
5. Insurance Theory and Practice: Tripathi PHI
6. Life and Health Insurance: Black, JR KENNETH & Harold Skipper, Pearson
7. Risk Management and Insurance : Trieschman ,Gustavson and Hoyt
8. South Western College Publishing Cincinnati, Ohio.
9. Insurance Management – S.C. Sahoo & S.C. Das-HPH.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

GENERIC ELECTIVE II
(FOR ALL FACULTTIES)

BC 602: WATER RESOURCES MANAGEMENT

Paper: BC602 Max. Marks: 40+10
PPW: 2 Hrs Exam Duration: 1½ hrs

UNIT-I
1. Importance of Natural Resources – Different Types and Resources
2. Significance of Water Resources and their uses
3. Conservation of water and recycling of the water – Global distribution of water
4. Water shed programmes and their management
5. Storing the rain water in tanks and recharging ground water

Unit-II
6. Rain water harvesting in rural areas (chekdam, trenches etc.,)
7. Overuse of surface and ground water and control measures.
8. Aims, objectives and implementation of Mission Bhagiratha (Telangana Government
Drinking water programme)
9. Aims, objectives and implementation of Mission Kakatiya (Telangana Government minor
irrigation programme)
10. Issues and challenges in Water Resources Management
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper: (BCO603) MANAGERIAL ACCOUNTING

Paper: BCO603 Max. Marks: 80 + 20

PPW: 6 Hrs (5L+1T) Exam Duration: 3 Hrs
Objective: to acquire knowledge of Managerial Accounting decision making techniques, preparation
of budgets and estimation of working capital.

UNIT-I: INTRODUCTION:
Managerial Accounting: Features – Objectives – Scope – Functions – Advantages and Limitations –
Relationship between Cost, Management and Financial Accounting.

UNIT-II: COST-VOLUME-PROFIT ANALYSIS:

Introduction – Importance – Techniques: Marginal and Break Even Analysis – Break-Even Analysis:
Meaning – Assumptions – Importance- Calculation of BEP - Limitations.

UNIT-III: MARGINAL COSTING AND DECISION MAKING:

Marginal Costing: Meaning – Marginal Cost Equation – Difference between Marginal Costing and
Absorption Costing – Marginal Costing and Decision Making: Product Decisions – Pricing Decisions -
Make or Buy Decisions.

UNIT-IV: BUDGETARY CONTROL:

Budget: Meaning – Objectives –– Essentials of Budgets - Budgetary Control - Classification of
Budgets-Preparation of Budgets - Advantages and Limitations

UNIT-V: WORKING CAPITAL:

Working Capital: Meaning – Classification – Importance – Objectives –Estimation of Working Capital
Requirements- Management of Current Assets.

SUGGESTED READINGS:
1. Introduction to Management Accounting: Charles T, Horngren et al, Pearson
2. Management Accounting: S.P.Gupta
3. Management Accounting: Manmohan &Goyal
4. Management Accounting: Sharma Shashi K. Gupta, Kalyani Publishers
5. Management Accounting: MN Arora, Himalaya
6. Management Accounting: Khan & Jain, Tata McGraw Hill
7. Accounting for Management: SN Maheshwari, Vik
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper : (BCO604) COMPANY LAW

Paper: BCO604 Max. Marks: 80 + 20

PPW: 5Hrs
Objective: to understand legal provisions applicable for establishment, management and winding up
of companies in India as per Companies Act 2013.

UNIT-I: INCORPORATION OF COMPANIES:

Company: Meaning and Definition – Characteristics - Classification – Legislation on Companies –
Incorporation - Promotion – Registration - Memorandum of Association – Articles of Association –
Certificate of Incorporation - Prospectus – Statement in lieu of Prospectus – Commencement of
business.

UNIT–II: MANAGEMENT OF COMPANIES:

Director: Qualification - Disqualification - Position - Appointment - Removal – Duties and Liabilities
– Loans – Remuneration – Managing Director – Corporate Social Responsibility – Corporate
Governance.

UNIT–III: COMPANY SECRETARY:

Company Secretary: Definition – Appointment – Duties – Liabilities – Company Secretary in Practice
– Secretarial Audit.

UNIT–IV: COMPANY MEETINGS:

Meeting: Meaning – Requisites - Notice – Proxy - Agenda – Quorum – Resolutions – Minutes – Kinds
– Shareholder Meetings - Statutory Meeting - Annual General Body Meeting – Extraordinary General
Body Meeting – Board Meetings.

UNIT–V: WINDING UP:

Meaning – Modes of Winding Up –Winding Up by tribunal – Voluntary Winding Up – Compulsory
Winding Up – Consequences of Winding Up –Removal of name of the company from Registrar of
Companies

SUGGESTED READINGS:
1) Company Law: ND Kapoor, Sultan Chand and Co.
2) Company Law and Practice: GK Kapoor& Sanjay Dhamija, Taxmann Publication.
3) Company Law: Revised as per Companies Act- 2013: KC Garg et al, Kalyani Publication.
4) Corporate Law: PPS Gogna, S Chand.
5) Company Law: Bagrial AK: Vikas Publishing House
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper : (BCO605) AUDITING

Paper: BCO605 Max Marks: 80 + 20

PPW: 5Hrs Exam Duration: 3Hrs
Objective: to understand meaning and elements of auditing and gain knowledge for execution of audit.

UNIT-I: INTRODUCTION:
Auditing: Meaning – Definition – Evolution – Objectives – Importance -Types of Audit – Standards of
Auditing – Procedure for issue of standards by AASB.

UNIT–II: AUDITOR AND EXECUTION OF AUDIT:

Appointment – Qualification and Disqualification – Qualities – Remuneration – Removal – Rights –
Duties – Civil and Criminal Liabilities of Auditors – Commencement of Audit –Engagement Letter –
Audit Program – Audit Note Book – Audit Workbook – Audit Markings.

UNIT–III: INTERNAL CONTROL, INTERNAL CHECK AND INTERNAL AUDIT:

Meaning and Objectives of Internal Control – Internal Check and Internal Audit – Internal Check
Vs.Internal Audit – Internal Control vs.Internal Audit.

UNIT–IV: VOUCHING:
Meaning – Objectives – Types of Vouchers – Vouching of Trading Transactions – Vouching Cash
Transaction – Auditing in an EDP Environment.

UNIT–V: VERIFICATION AND VALUATION OF ASSETS:

Meaning and Definition – Distinction – Verification and Valuation of various Assets andLiabilities–
Audit Committee – Role of Audit Committee – Audit Reports.

SUGGESTED READINGS:
1. Principles and Practice of Auditing: RG Saxena, Himalaya Publishing House.
2. Auditing and Assurance for CA Integrated Professional Competence: SK Basu, Pearson.
3. Auditing: ArunaJha, Taxmann Publications.
4. Auditing Principles, Practices & Problems: Jagdish Prakash, Kalyani Publishers.
5. Auditing and Assurance: Ainapure&Ainapure, PHI Learning.
6. Principles and Practice of Auditing: DinkarPagare, Sultan Chand & Sons.
7. Fundamentals of Auditing: Kamal Gupta andAshok Arora, Tata McGraw-Hill
8. A Hand Book of Practical Auditing: B.N. Tandonetal., S. Chand.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper : (BCO606) COMMERCE LAB

Paper: BCO606 Max. Marks: 20 Internal +60PF + 20VV

PPW: 4 Exam Duration: 3 Hrs
Credits:4
Objective: to become familiar with various business documents and acquire practical knowledge,
which improve over all skill and talent.

UNIT-I: BASIC BUSINESS DOCUMENTS:

Trade license under Shops and Establishments Act - Labor license from Department of labor -
Partnership Deed - Pollution, Health licenses – Quotation - Invoice form and preparation -
Computation of simple interest, compound interest and EMI - Way bill used during transport - Debit
Note and Credit Note - Audit Report.

UNIT-II: FINANCE, BANKING AND INSURANCE DOCUMENTS:

Promissory Note - Bill of exchange – Cheque - Pay in slip - Withdrawal form - Account opening and
Nomination form - Deposit form and Deposit Receipts - Loan application form - Insurance Proposal
form and Insurance Policy - ATM Card Application form - Credit appraisal report - Insurance agency
application procedure - ESI / PF membership form.

UNIT-III: BUSINESS LEGAL DOCUMENTS:

Memorandum of Association - Articles of Association - Certificate of Incorporation – Prospectus -
Certificate of Commencement of Business - Annual Report – Chairman’s Speech - Model bye-laws of
some society - Society/ Trust registration form - Complaint in a Consumer forum - Complaint under
Right to Information Act.

UNIT-IV: DOCUMENTS OF TAXATION:

PAN application under Income Tax Act - TAN application under Income Tax Act - Form:16 to be
issued by Employer - TDS and its certificate u/s15 - Income Tax payment challans and Refund Order -
Income Tax Returns including TDS Return - Notices under Income Tax Act - Assessment Order -
VAT/TOT Dealer-Application and License - Registration under Service Tax.

UNIT-V: BUSINESS CHARTS:

Elements of business - Forms of business organizations - Procedure of incorporation of companies -
Classification of partners with salient features of each of them - International, National, State level and
Regional entrepreneurs - Hierarchy of Banking business in India - Tax administration in India -
Various taxes imposed in India - Export and import procedure - Purpose and powers of authorities like
RBI, SEBI, IRDA, ROC.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

COMMERCE LAB FACILITIES:

i) Colleges are required to provide a commerce lab containing all the documents related to commerce
and facilities as, computer, printer, OHP, LCD Projector with sufficient furniture.
ii) Teachers should practically explain the documents and help in filling the same in the simulated
environment.
iii) Students are required to do the above personally and gain the knowledge of filling the above
documents and the same are to be kept in a portfolio.
iv) At the end of semester, the portfolios would be evaluated by the external examiner designated by
the Controller of Examinations, Satavahana University, from the panel submitted by the Board of
Studies in Commerce. The Examiner would evaluate the portfolio for a maximum of 35 marks and
conduct viva-voce examination for 15 marks. The award lists duly signed are to be sent the Controller
of Examinations.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper: (BCO607) HUMAN RESOURCE MANAGEMENT

Paper: BCO607 Max. Marks: 80+20
PPW: 5 Hrs (4L +1T) Exam Duration: 3hrs

Objective: to gain knowledge of basics of Human Resource Management.

UNIT- I: INTRODUCTION:
HRM: Meaning - Importance - Objectives - Evolution - Elton Mayo’s Human Relations Theory-
HRM in India: Introduction - Human Relation Movement - Scope of HR in India – Recent trends in
HR in India.

UNIT-II: HR PLANNING:
Introduction - Need - Process - System – Responsibilities - Methods

UNIT-III: RECRUITMENT AND SELECTION:

Introduction - Concept of Recruitment - Factors affecting Recruitment - Sources of Recruitment -
Traditional and Modern methods - Recruitment and Selection Policies - Recruitment Practices in India
- Private and Public Sector - Concept of Selection – Selection Process.

UNIT-IV: HUMAN RESOURCE DEVELOPMENT:

Training & Development: Introduction - Meaning of training - Importance of training - Training Needs
Identification - Types and Techniques of Training - Need and Importance of Management
Development - Training Evaluation.

UNIT-V: PERFORMANCE APPRAISAL:

Concept and Need of employee review - Concept of Employee Appraisal - Types of Appraisal Method
– Individual Evaluation Methods - Multiple Person Evaluation Methods - 360 Degree Appraisal -
MBO.

SUGGESTED READING:
1. Essentials of HRM and Industrial Relations: P. Subba Rao, Himalaya.
2. Human resource Management: Text & Cases: K. Aswathappa, MC-Graw Hill Foundation
3. HRM with Case Study: Shashi K. Gupta, Rosy Joshi, Kalyani Publishers.
4. Personal Management: C. B. Mamoria, Himalaya Publishing House.
5. Human Resource Management: S. S. Khanka, S. Chand
6. Human Resource Management: Seema Sanghil, Vikas Publications
7. Fundamentals of Human Resource Management: Gary Dessler, Biju Varkkey, Pearson
8. Human Recourse Management: Robins P. Stephen, Prentice Hall of India.
9. Personal Management: F. B. Flippo, MacGraw Hill, New Delhi.
10. Human Resource Development: Bhatia &Verma, Deep & Deep Publications.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

Paper: (BCO608) TAX PLANNING & MANAGEMENT

Paper: BCO608 Max. Marks: 80+20
PPW: 5 Hrs (4L +1T) Exam Duration: 3hrs

Objective:to equip with conceptual and legal knowledge about Tax Planning and Management with
reference to various Heads of Income relating to an Individual Assessee.

UNIT–I: INTRODUCTION TO TAX PLANNING:

Meaning of Tax Planning – Tax Avoidance – Tax Evasion – Scope of Tax Planning – Methods of Tax
Planning – Tax Management: Meaning – Scope of Tax Management: Under the various heads of
Salaries - House Property - Profits and Gains of Business or Profession - Capital Gains.

UNIT–II: TAX PLANNING FOR SALARIES & INCOME FROM HOUSE PROPERTY:
Salaries: Advance of Salary – Commutation of Pension – Change of employment before 5 years
service under Recognised Provident Fund – Conversion of unrecognised fund into recognised fund –
Tax incidence of Perquisite/allowance – Leave travel concession vs. Leave travel allowance – Gratuity
–Savings and Investments – D.A. or D.P. be paid as part of salary – Salary earned outside India –
Relief under sec.89 – Repayment of interest on educational Loan – Contribution under Pension
Scheme – Medical Expenditure.
House Property: Concessional treatment with respect to one self-occupied house – Availing self-
occupancy concession for more than one house – Acquisition of house out of own capital vs.
Borrowed capital – Acquisition of Self-occupied House out of Borrowed Capital – Deduction of
Municipal taxes on Payment basis – Purchasing of House Property in the Name of Spouse having no
income or negligible income – Choosing the best option where more than one House is under Self-
occupancy.

UNIT–III: TAX PLANNING FOR PROFIT AND GAINS OF BUSINESS OR PROFESSION

AND CAPITAL GAINS:
Business:Business Premises - Own or Lease – Depreciation – Expenditure on Scientific Research –
Amortisation of certain preliminary expenses – Expenditure on Advertisement – Investment in capital
assets – Compensation for breach of an agreement relating to the purchase of an asset – Expenses on
borrowing – Tax audit – Compulsory maintenance of accounts – Payment exceeding Rs. 20,000 to be
made by Account Payee Cheque.
Capital Gains: Consideration to be realised before transfer – Transfer of capital asset at a suitable time
– Fair Market Value as on 1st April- 1981 to be opted as the cost of acquisition – Concessional Rate of
tax – Specific exemption – Forfeiture of exemption – Choice of investment – Sale timings of an asset-
held by a minor child – Avoidance of capital gain on the sale of depreciable asset.

UNIT-IV: TAX PLANNING FOR NEW INDUSTRIAL ESTABLISHMENTS AND

INVESTMENTS:
Tax planning with reference to New Industrial Establishment – Location - Form - Nature and Capital
Structure - Short term loans - Term loans - Public Deposits - Bonus Issues – Dividend.

UNIT-V: TAX PLANNING FOR MANAGERIAL DECISIONS:

Tax considerations arising with regard to specific management decisions: Make/buy - Own/lease -
Installment/hire purchase - Retain/replace - Export/local sale - Shut Down/continue Expand/ Contract -
Merger and Amalgamations.
 Faculty of Commerce, Satavahana University, Karimnagar -505 001, Telangana State, India.

SUGGESTED READINGS:
1. Corporate Tax Planning and Management: V.P.Gaur, D.B. Narang& Rajeev Puri, Kalyani.
2. Corporate Tax Planning & Business Tax Procedures: Vinod K. Singania& Monica Singhania,
Taxmann.
3. Direct Taxes Law & Practice: Vinod K. Singhania&KapilSinghania, Taxmann
4. Direct Taxes: B.B. Lal, Pearson Publication.