JAI HIND COLLEGE AUTONOMOUS

Syllabus for S.Y.BCom

Course : Accounting & Finance

Semester : III

Credit Based Semester & Grading System

With effect from Academic Year 2018-19

 List of Courses
Course: Accounting & Finance Semester: III

Semester III
NO. OF
COURSE CODE COURSE TITLE CREDITS LECTURES /
WEEK
CBAF301 BUSINESS ECONOMICS - I 3 60/4
COMM-II(INDIAN FINANCIAL
CBAF302 2 45/3
SERVICES)
CBAF303 IT IN ACCOUNTANCY - I 3 60/4
CBAF304 TAXATION - II 3 60/4
CBAF305 FINANCIAL ACCOUNTING - III 3 60/4
CBAF306 COST ACCOUNTING III 3 60/4
CBAF307 BUSINESS LAW II 3 60/4
20
Semester IV
NO. OF
COURSE CODE COURSE TITLE CREDITS LECTURES /
WEEK

RESEARCH METHODOLOGY IN
CBAF401 3 60/4
ACCOUNTING & FINANCE

CBAF402 PRINCIPLES OF MANGEMENT 2 45/3

CBAF403 IT IN ACCOUNTANCY - II 3 60/4

CBAF404 TAXATION - III 3 60/4

CBAF405 FINANCIAL ACCOUNTING - IV 3 60/4

CBAF406 MANAGEMENT ACCOUNTING - I 3 60/4

CBAF407 BUSINESS LAW - III 3 60/4

20
Course
Code BUSINESS ECONOMICS I 3 Credits
CBAF301

THEORY 60 lectures

2
Sub Unit Unit – I: Overview of Macroeconomics 10 lectures
1. Macroeconomics: Meaning, Scope and Importance

2. Circular flow of aggregate income and expenditure and its Im-

portance, closed and open economy models
3. The Measurement of National Product: Meaning and Importance
of National Income Accounting- conventional and Green GNP and
NNP concepts -National Income and Economic Welfare
4. Trade Cycles: Features and Phases

Unit – II: Money, prices and Inflation 10 lectures

1. Money Supply: Determinants of Money Supply - Factors influenc-
ing Velocity of Circulation of Money
2. Demand for Money : Classical and Keynesian approaches and
Keynes’ liquidity preference theory of interest - Friedman’s re-
statement of Demand for money
3. Money and prices : Quantity theory of money - Fisher’s equation
of exchange - Cambridge cash balance approach
4. Inflation :Demand Pull Inflation and Cost Push Inflation - Effects of
Inflation- Nature of inflation in a developing economy - policy
measures to curb inflation- monetary policy and inflation targeting
Unit – III: Introduction to Public Finance 15 lectures
1. Meaning and Scope of Public finance

2. Major fiscal functions : allocation function, distribution function

& stabilization function
3. Principle of Maximum Social Advantage: Dalton and Musgrave
Views - the Principle in Practice, Limitations
4. Relation between Efficiency, Markets and Governments

5. The concept of Public Goods and the role of Government

Unit – IV: Public revenue, Public Expenditure and Debt 15 lectures

1. Sources of Public Revenue : tax and non-tax revenues

Objectives of taxation - Canons of taxation - Types of taxes : direct
and indirect - Tax Base and Rates of taxation : proportional, pro-
gressive and regressive taxation, GST
2. Shifting of tax burden: Impact and incidence of taxation - Pro-
cesses- factors influencing incidence of taxation

3
3. Economic Effects of taxation: on Income and Wealth, Consump-
tion, Savings, Investments and Production
4. Redistributive and Anti – Inflationary nature of taxation and
their implications
5. Public Expenditure: Canons - classification - economic effects of
public spending - on production, consumption, distribution, em-
ployment and stabilization - Theories of Public Expenditure: Wag-
ner’s Hypothesis and Wiseman Peacock Hypothesis - Causes for
Public Expenditure Growth
6. Significance of Public Expenditure: Social security contribu-
tions- Low Income Support and Social Insurance Programmes
7. Public Debt :Classification - Burden of Debt Finance : Internal and
External- Public Debt and Fiscal Solvency
Unit – V: Fiscal Management and Financial Administration 10 lectures

1. Fiscal Policy: Meaning, Objectives, constituents and Limitations

2. Contra cyclical Fiscal Policy and Discretionary Fiscal Policy

:Principles of Sound and Functional Finance
3. Budget- Meaning objectives andtypes - Structure of Union budget
- Deficit concepts-Fiscal Responsibility and Budget Management
Act
4. Intergovernmental Fiscal Relations: fiscal federalism and fiscal
decentralization - central-state financial relations - 14th Finance
Commission recommendations
Textbooks:

Additional references :

1. Lipsey, R.G. and K.A. Chrystal (1999), Principles of Econom-

ics (IX Ed.).Oxford:University Press, Oxford
2. Ramsfield, E. (1997), Micro Economics (IX edition), W.W
Norton and company. New York
3. Ray, N.C. (1975), An introduction to Microeconomics,
Macmillan company of India Ltd. New Delhi
4. Samuelson, PA and W.D. Hague (1972), A textbook of Eco-
nomic Theory. London:ELBS Longman group.
5. Pindyek and Rubinfield- Micro Economics (Pearson Educa-
tion)
6. G. Mankiv, Economics, Pearson Ed.
7. H. L Ahuja, Principles of Microeconomics, S Chand, New

4
 Delhi

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Test – 20 Marks of 40 mins. duration
(ii) C.A.-II : 20 Marks Case Study Analysis

II. Semester End Examination ( SEE)- 60 Marks

5
 Course FOUNDATION COURSE - III
Code COMM-II 3 Credits
CBAF302
FINANCIAL MARKET OPERATIONS

THEORY 45 lectures

Sub Unit Unit – I: An Overview of the Financial System 10 lectures

1. Saving and Investment Money

2. Inflation and Interest sources of finance

3. Banking and Non Banking Financial Intermediaries

Unit – II: Financial Markets 15 lectures

1. Financial Markets : Introduction and meaning, Government Eco-
nomic Philosophy and Financial Market, Structure of Financial
Market in India
2. Capital Market: Introduction and meaning, Concept, Role, Im-
portance, Evolution in India, Primary Market System and Regu-
lations in India, Secondary Market System
3. Bond market in India

4. Debt market in India

Unit – III: Financial Instruments 10 lectures

1. Meaning and types of Financial Instruments

2. Characteristics of Financial Instruments: Liquidity, Maturity, Safe-

ty and Yield, REPO, TBs, Equities, Bonds, Derivatives, others

Unit – IV: Financial Services 10 lectures

1. Merchant Banking: Managing of Public Equity / Debenture Is-

sues Mobilizing Fixed Deposits, Arranging Inter-corporate Loans
2. Raising term Finance and Loan Syndication

3. Other Financial Services: Consumer Finance, Credit Cards, Mutual

Funds and Commercial Paper
Textbooks:
Additional Refrences :
 Financial Services, Dr.SGurusamy, The MgrawHill companies, 2 edition (26 June 2009).  Finan-
cial Markets and Financial services, Vasant Desai, Himalaya Publishing House, First Edition edition

6
(2010).  Financial Services, M.Y.Khan, Tata Mc-Graw Hill Publishing Company Ltd, Ninth edition
(2017).  Financial Markets and Services –E.Gordon and K.Natanrajan,Himalaya Publishing House,
TenthEdition edition (2016), ) Financial Market Regulation- John A.Tatom

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Test – 20 Marks of 40 mins. duration
(ii) C.A.-II : 20 Marks Presentations

II. Semester End Examination ( SEE)- 60 Marks

7
 Course
Code INFORMATION TECHNOLOGY IN ACCOUNTANCY I 3 Credits
CBAF303

THEORY 60 lectures

Sub Unit Unit – I: Introduction to Computers 15 lectures

1. Define, Features of Computers,
Generation of Computers

2. Parts of computers , Input & Output devices

Types of Computers

2. Hardware’s: Specifications and Data Storage Management(Primary

& Secondary Memory)
Software’s: Concept of System Software and Applications
3. Networking: Introduction and types of network topologies

Unit – II: Office Productivity Tools 15 lectures

1. MS Word :
Creating, Editing, Formatting and Printing of Documents, Using
Tools, Mail merge and print review and set-up.
2. MS Excel: Creating Worksheet, Creating Various Formulae,
Creating Charts, Rename and Copy of Worksheets, Using Tools,
Printing Review and Set-up
3. Power Point: Create Project Report, Create Slides, Animation,
Page Designing, Insert Image, View Page, Print Review and Set-up
Unit – III: Web & Electronic Commerce 15 lectures
1. Use of Various Web Brower
Information Searching Tools & Techniques
Websites & Types of Website
Downloading
Internet, Intranet, Extranet
Create New email ID & Writing Professional Emails

Meaning, Types of Commerce, Advantages and Limitations of E

Commerce, Models based on revenue models,
Unit – IV: Web Designing 15 lectures

1. Introduction to the Web.

Introduction to HTML.
Formatting Text Using Tags.
Images, List.
Creating Hyperlinks& Types and Anchors.
Tables, Complex Tables,
Frames.

8
 Videos, Audios
Forms
Textbooks:

Additional References :
Fundamentals of Computers – Rajaram V – Prentice Hall
Computer today (3rd edition) – Sanders, Donald H – McGraw Hill
Computers and Common sense – Hunt, Roger and Shelly John –
Prentice Hall
Computers – Subramaniam N – Wheeler
Introduction to Computers – Xavier C. – New Age

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(iii)C.A.-I : Practical’s – 20 Marks of 40 mins. duration
(i) C.A.-II : Practical’s – 20 Marks of 40 mins. duration

II. Semester End Examination ( SEE)- 60 Marks

9
 Course
Code TAXATION II 3 Credits
CBAF304

THEORY 60 lectures

Sub Unit Unit – I: Definitions u/s – 2, Basis of Charge and Exclusions 7 lectures
from Total Income
1. Definitions u/s – 2 :
Section 2 –Assessee, Assessment Year, Assessment, Annual value,
Business, Capital asset, Income, Person, Previous Year, Transfer
2. Basis of Charge:
Section 3 – 9 – Previous Year, Residential Status, Scope Of Total
Income, Deemed Income
3. Exclusions from Total Income :
Section 10 – restricted to, Agricultural Income, Sums Received
From HUF By Member, Share of Profit from Firm, Casual &
Non – Recurring Receipts, Scholarships, Income of Minor Child,
Allowance to Members of Parliament and Legislative Assembly
Unit – II: Heads of income 33 lectures
1. Salary Income:
Section 15 – 17, Including Section 10 relating to House Rent Al-
lowance, Travel Concession, Special Allowance, Gratuity, Pension
Commutation, Leave Encashment, Compensation, Voluntary Re-
tirement, Payment from Provident Fund
2. Income From House Property:
Section 22 – 27, Including Section 2 – Annual Value
3. Profits & Gains From Business & Profession:
Vocation Section 28-32, 36, 37, 40, 40A, 43B, 44AD, 44ADA
&44AEincluding: Section 2 – Business
4. Capital Gains :
Section 45, 48, 49, 50, 54 and 55
5. Income from Other Sources :
Section 56 – 59
Unit – III: Deductions under Chapter VI – A 5 lectures
1. a) 80 A- Restriction on claim in Chapter VI- A deductions
b) 80 C – Payment of LIC/PF and other eligible investments
c) 80CCC – Contribution to certain Pension Fund
d) 80D – Medical Insurance Premium
e) 80 DD- Maintenance and medical treatment of handicapped
dependent
f) 80E – Interest on Educational Loan

10
 g) 80 TTA- Interest on Saving Bank account
h) 80U – Deduction in the case of totally blind or physically
handicapped or mentally retarded resident person
Unit – IV: Computation of Total Income 10 lectures

1. Computation of Total Income of Individual and HUF with respect

to above heads and deductions
Textbooks:

Additional References :
Students Guide to Income Tax Dr VinodSinghania- Taxmann
 Students Handbook on Taxation- T N Manoharan- Snow White 
Income Tax Act and Rules

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Test – 20 Marks of 40 mins. duration
(ii) C.A.-II : Test – 20 Marks of 40 mins. duration

II. Semester End Examination ( SEE)- 60 Marks

11
 Course
Code FINANCIAL ACCOUNTING III 3 Credits
CBAF305

THEORY 60 lectures

Sub Unit Unit – I: Partnership Final Accounts based on Adjustment of 5 lectures

Admission or Retirement / Death of a Partner during the Year
1. a) Effects on final accounts when a partner is admitted during
the year or when a partner retires/dies during the year
Unit – II: Piecemeal Distribution of Cash 15 lectures
1. a) Excess Capital Method
2. a) Asset taken over by a partner

3. a) Treatment of past profits or past losses in the Balance sheet

4. a) Contingent liabilities/ Realization expenses/amount kept

aside for expenses and adjustment of actual
5. a) Treatment of secured liabilities

6. a) Treatment of preferential liabilities like Govt. dues / Labour

dues etc
Unit – III: Amalgamation of Firms 20 lectures
1. a) Realization method only

2. a) Calculation of purchase consideration

3. a) Journal/ledger accounts of old firms

4. a) Preparing Balance sheet of new firm

5. a) Adjustment of goodwill in the new firm

6. a) Realignment of capitals in the new firm by current ac-

counts / cash or a combination thereof
Unit – IV: Conversion / Sale of a Partnership Firm into a Ltd. 20 lectures
Company

1. a) Realisation method only

2. a) Calculation of New Purchase consideration, Journal / Ledg-

er Accounts of old firms

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 3. a) Preparing Balance sheet of new company

Textbooks:
Additional References ;

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Practical’s – 20 Marks of 40 mins. duration
(ii) C.A.-II : Practical’s – 20 Marks of 40 mins. duration

II. Semester End Examination ( SEE)- 60 Marks

13
 Course
Code COST ACCOUNTING 3 Credits
CBAF306

THEORY 60 Lectures

Sub Unit Unit – I: Classification of Costs And Cost Sheets 15 lectures

1. a) Classification of costs
b) Cost of sales
c) Cost center
d) Cost unit
e) Profit center and investment center
2. a) Cost sheet
b) Total costs and unit costs
c) Different costs for different purpose
d) Problems on preparation of cost sheet
e) Estimated cost sheet

Unit – II: Reconciliation of Cost and Financial Accounts 15 lectures

1. a) Practical problems based on reconciliation of cost and Fi-
nancial accounts
Unit – III: Contract Costing 15 lectures
1. a) Progress payments
b) Retention money
c) Contract accounts
d) Accounting for material
e) Accounting for tax deducted at source by the Contractee
2. a) Accounting for plant used in a contract
b) Treatment of profit on incomplete contracts
c) Contract profit and balance sheet entries
3. a) Escalation clause
b) Practical problems
Unit – IV: Process Costing 15 lectures

1. a) Process loss
b) Abnormal losses and gains
c) Joint products and by products
2. a) Excluding equivalent units
b) Inter-process profit
3. a) Practical problems
b) Process costing and joint and by products

14
 Textbooks:

Additional references :

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Test – 20 Marks of 40 mins. duration
(ii) C.A.-II : Test – 20 Marks of 40 mins. duration

II. Semester End Examination ( SEE)- 60 Marks

15
 Course
Code BUSINESS LAW II 3 Credits
CBAF307

THEORY 60 lectures

Sub Unit Unit – I: The Indian Partnership Act - 1932 20 lectures

1. a) Concept of Partnership
- Partnership and Company
- Test for determination of existence for partnership
- Kinds of partnership
b) Registration and effects of non-registration of Partnership
c) Rights and Duties of Partners
d) Authority and Liability of partners
e) Admission, Retirement and Expulsion of Partner
f) Dissolution of Partnership
Unit – II: Limited Liability Partnership Act – 2008 20 lectures
1. a)Nature of Limited Liability Partnership
b)Incorporation of Limited Liability Partnership
c)Extent and Limitation of Liability of Limited Liability Partner-
ship and Partners
d)Contributions
e)Conversion Into Limited Liability Partnership
f)Winding Up and Dissolution
Unit – III: Other Acts 20 lectures
1. 1. BENAMI ACT
2. Insolvency Act
3. Income Tax Act

Textbooks:
Additional References:

Indian Contract Act , Sale of Goods Act and Partnership Act –

Desai T R – S C – Sarkar and sons
The Negotiable Instruments Act – Khergamwala J S – N M Tripa-
thy
The Principles of Mercantile Law – Singh Avtar – Eastern Books
Co.
T P Ghosh on Companies Act 2013: T P Ghosh: Taxmann
E Book by ICAI on Companies Act 2013
E Book by Institute of Company Secretaries of India

16
Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

(i) C.A.-I : Test – 20 Marks of 40 mins. duration
(ii) C.A.-II :Report – 20 Marks

II. Semester End Examination ( SEE)- 60 Marks

17