Download Department of Commerce School of Economics, Management and Information Sciences

M.Com. Syllabi
Under
Choice Based Credit System (CBCS)
&
Continuous Assessment Grading Pattern (CAGP)
w.e.f. August 2012
Department of Commerce
School of Economics, Management and Information Sciences
Mizoram University, Aizawl
1
Master of Commerce (M.Com.) Programme under the
Choice Based Credit System (CBCS) & Continuous Assessment Grading Pattern (CAGP)
Course Structure
I SEMESTER
SEM S. No Course Code
1
2
3
4
5
II SEMESTER
6
7
8
9
10
11
12
III SEMESTER
13
14
15
16
17
IV SEMESTER
18
19
20
21
22
23
24
Name of the Courses
COM/1/CC/01 Business Environment
COM/1/CC/02 Organisational Behaviour
COM/1/CC/03 Financial Management and Control
COM/1/CC/04 Business Statistics and Applications
COM/1/CC/05 Participative Learning - I
TOTAL of SEMESTER - I (CC=22; SC=00; OE=00)
COM/2/CC/06 Human Resource Management
COM/2/CC/07 Marketing Management
COM/2/CC/08 Participative Learning - II
COM/2/SC/09a Security Analysis & Portfolio Management
OR
OR
COM/2/SC/09b Entrepreneurship
COM/2/SC/10a Accounting for Services – I
OR
OR
COM/2/SC/10b Business Plan Development
COM/2/OE/11a Management of NGOs
COM/2/OE/12a Creativity & Innovation
TOTAL of SEMESTER - II (CC=10; SC=08; OE=04)
COM/3/CC/13 Advanced Cost & Management Accounting
COM/3/CC/14 Financial Services
COM/3/CC/15 Business Research Methodology
COM/3/SC/16a Project Planning and Control
OR
OR
COM/3/SC/16b New Venture Creation
COM/3/SC/17a Accounting for Services – II
OR
OR
COM/3/SC/17b Entrepreneurship Policy & Support
COM/3/OE/18a Personal Finance
COM/3/OE/19b Women Entrepreneurial Development
TOTAL of SEMESTER - III (CC=10; SC=08; OE=04)
COM/4/CC/20 Services Marketing
COM/4/CC/21 Taxation
COM/4/CC/22 Computer Applications in Business
COM/4/CC/23 Participative Learning - III
COM/4/CC/24 Project Work
TOTAL of SEMESTER - IV (CC=22; SC=00; OE=00)
Course Contact Credit Distribution Marks
Type Hours L
T P Total Scaled
CC
6
4
1
0
5
100
CC
6
4
1
0
5
100
CC
6
4
1
0
5
100
CC
6
4
0
1
5
100
CC
4
0
2
0
2
100
28
16 5
1
22
500
CC
5
3
1
0
4
100
CC
5
3
1
0
4
100
CC
4
0
2
0
2
100
SC
5
3
1
0
4
100
SC
5
3
1
0
4
100
OE
OE
CC
CC
CC
2
2
28
5
5
2
2
2
16
3
3
2
0
0
6
1
1
0
0
0
0
0
0
0
2
2
22
4
4
2
100
100
700
100
100
100
SC
5
3
1
0
4
100
SC
5
3
1
0
4
100
OE
OE
2
2
26
5
5
8
4
16
38
2
2
18
3
3
0
0
0
6
0
0
4
1
1
0
2
0
4
0
0
0
0
0
4
0
8
12
2
2
22
4
4
4
2
8
22
100
100
700
100
100
100
100
100
500
CC
CC
CC
CC
CC
GRAND TOTAL (ALL 4 SEMESTERS) (CC=64; SC=16; OE=08)
CC – Core Courses
SC – Soft Courses
OE – Open Elective Courses
120
56 19 13 88 2400
L – Lecture
T – Tutorial
P – Practical
2
COM/1/CC/01
Business Environment
(Five Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To acquaint the students with the Indian and global environment pertaining to business.
Course Inputs:
(L=4; T=1; P=0)
Unit- 1
1. Business environment – Introduction, meaning; Micro and macro environment- concepts and
components; Techniques of environmental scanning and monitoring.
2. Policy Environment: NEIIPP 2007; Latest industrial policy of India.
Unit - 2
3. Privatization: concept; Disinvestment- concept and forms; Role of public sector.
4. Globalization: Meaning, factors facilitating and impeding globalization in India; Impact of
globalization on Indian industry, globalization of Indian business.
Unit - 3
5. Socio- Cultural environment: Critical elements of socio- cultural environment; Social
institutions and systems; Emerging rural sector.
6. Social Responsibility of Business: Concepts, importance and Indian experience.
Unit - 4
7. Political & Legal Environment: Critical elements of political environment; Salient features of
the Consumer Protection Act 1986, the Foreign Exchange Management Act 1999, and the
Competition Act 2002.
8. Technological Environment: Elements, significance and its impact.
Unit - 5
9. International Environment: Foreign Investment: FDI, FPI and FII; India’s policy towards FDI.
10. WTO: Principles and agreements, Regional Trade Agreements; India’s EXIM policy.
Suggested Readings:
1. Adhikary M, Economic Environment Business Theory & Indian Case; Sultan Chand & Sons.
2. Anant K Sundaram and J Stewart Black, the International Business Environment – Text and
Cases, Prentice Hall.
3. Aswathappa K, Essentials of Business Environment, Himalaya.
4. Cherunilam, Francis, Global Economy and Business Environment, Himalaya Publishing
House.
5. Dhar, PK, Indian Business Environment, Kalyani Publishers, New Delhi
6. Ganesh G, Privatization in India, Mittal.
7. Government of India, Economic Survey (latest issues).
8. Gupta, CB, Business Environment, Sultan Chand and Sons, New Delhi.
9. Misra S K and Puri V K, Economic Environment of Business, Himalaya.
10. Narasimham M, Economic Reforms - Development & Finance, UBSPD.
11. North East Vision 2020, DoNER.
12. Raj Agarwal, Business Environment, Excel.
13. Shaikh Salem, Business Environment, Pearson.
3
COM/1/CC/02
Organistional Behaviour
(Five Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to enable the students understand the dimensions of
organizational behaviour.
Course Inputs:
(L=4; T=1; P=0)
Unit – 1:
1. Introduction: Management functions, management roles, management skills
2. Organizational Behaviour: Meaning and significance; challenges and opportunities.
Unit - 2
3. Foundations of Individual Behaviour: Ability, Learning, Attitudes, Job satisfaction, personality
and values, and perception – concepts and implications for managers.
4. Job Satisfaction: Measurement, causes, and impact.
Unit-3
5. Motivation-I: Theories of motivation – Hierarchy of needs theory, Theory X and theory Y,
theory Z, Two-factor theory; Their implications for managers.
6. Motivation-II: McClelland’s theory of needs, Equity theory, and Expectancy theory; Their
implications for managers.
Unit-4
7. Foundations of Group Behaviour: Importance and types of groups; differences between
groups and teams; Group decision making: groups vs the individual, groupthink and
groupshift, group decision making techniques.
8. Organisational Communication: Functions and direction; Interpersonal communication;
Barriers to effective communication; Cross-cultural communication.
Unit-5
9. Leadership: Trait theories, behavioural theories, contingency theories.
10. Organisational Culture: Concept; Characteristics and functions; Strong vs. weak cultures;
Creating an ethical organizational culture; Spirituality and organizational culture.
Suggested Readings:
1. Aswathappa, Organisational Behavior, Himalaya Publisher.
2. Daft, Organisation Theory and Design, Thomson.
3. Fred Luthans, Organisational Behavior, McGraw Hill.
4. Hellriegel, Organisational Behaviour, Thomson.
5. Hodgetts, Modern Human Relations at Work, Thomson.
6. Jones G R, Organisational Theory, Pearson Education.
7. Nelson, Organisational Behaviour, Thomson.
8. Prasad, LM, Organisational Behaviour, Sultan Chand.
9. Robbins P. Stephen & Timothi, Organisational Behavior, PHI.
10. Uma Shekharan, Organisational Behaviour, Tata McGraw Publication.
4
COM/1/CC/03
Financial Management and Control
(Five Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to help students to understand the conceptual framework
of financial management and its applications
Course Inputs:
(L=4; T=1; P=0)
Unit – 1
Introduction
1. Financial Management: nature and scope, goal - profit vs. wealth maximization. (Theory)
2. Sources of Finance: Long-term, medium-term, and short-term; Finance functions Investment financing and dividend decisions, time value of money (Theory)
Unit – 2
Capital Budgeting & Capital Structure Theories
3. Nature of investment decisions, investment evaluation criteria - Net present value, ARR,
Internal rate of return, profitability index, payback period; Capital rationing, risk analysis in
capital budgeting. (Theory + Numerical)
4. Capital Structure Theories: Traditional and M- M hypotheses; determining capital structure in
practice. (Theory)
Unit – 3
Leverages
5. Operating and Financial Leverage: Measurement of leverages; Effects of operating and
financial leverage on profit; analysing alternate financial plans; combined financial and
operating leverage, EPS. (Theory + Numerical)
Unit – 4
Dividend Policies
6. Issues in Dividend decisions: Walter's model, Gordon's model; Dividend policy in practice
(Theory+ Numerical)
7. M-M hypothesis: dividend and uncertainty, relevance of dividend. Forms of dividends;
Stability in dividend policy; corporate dividend behaviour. (Theory)
Unit – 5
Working Capital Management
8. Principles of Working Capital Management: Concepts- Gross Working Capita, Net Working
Capital, Operating cycle, permanent and Variable working capital; Determinants of working
capital, working capital policies- Matching, conservative and aggressive; Calculating
operating cycle period and estimation of working capital requirements; factoring services.
(Theory + Numerical)
9. Management of Cash, Receivables and Inventory: Cash Management, Motives for holding
cash, optimum cash balance- Baumol and Miller- Orr models; Receivables Management,
nature of credit policy, collection policy and procedures. Inventory management, Objectives
and techniques (Theory)
Suggested Readings:
1. Archer, Stephen, H., Choate G Marc, Racette, George; Financial Management; John Wiley,
New York.
2. Bhattacharya, Hrishikesh: Working Capital Management: Strategies and Techniques,
Prentice Hall.
3. Block, Stanley B, Geoffrey A Hilt: Foundations of Financial Management; Richard D. Irwin,
Homewood, Illinois.
4. Brealey, Richard A and Steward C. Myers: Corporate Finance, McGraw Hill; New York.
5. Chandra, Prasanna: Financial Management, Tata Mc Graw Hill.
6. Hampton, John: Financial Decision Making, PrenticeHall.
7. Khan MY, Jain PK: Financial Management; Tata McGraw Hill.
8. Pandey, I.M: Financial Management, Vikas.
9. Pinches, George E: Essentials of Financial Management; Harper and Row, New York.
10. Van Horne, J.C. & J.M Wachowicz Jr.: Fundamentals of Financial Management, Prentice
Hall.
5
COM/1/CC/04
Business Statistics and Applications
(Five Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to provide an understanding of Statistics and application of
relevant software in managerial decision making.
Course Inputs:
(L=4; T=0; P=1)
Unit -1
Fundamentals
1. Statistical terms and concepts; Levels of Measurement, Data, variables, population,
sampling, descriptive statistics, inferential statistics, statistics in business management
(Theory)
2. Sampling and sampling distribution; sample statistics as estimation of population parameter,
errors, sampling distribution, Central Limit Theorem, Law of inertia of large numbers,
characteristics of good sample (Theory)
Unit – 2
Parametric tests
3. Statistical estimation & testing; Testing hypothesis and errors, assumptions of parametric
tests, sample size,; Large and small sampling tests, z- test and t- test (Theory and
numerical)
4. Analysis of variance: Rationale behind ANOVA, degree of freedom, F Distribution,
computation of F, ANOVA Table (Theory and numerical)
Unit – 3
Non-parametric tests
5. Chi-square test, Sign test, Wilcoxon Signed-Rank test
6. Wald-Wolfowitz test, Kruskal-Wallis test, Friedman’s Two-way ANOVA, Man-Whitney U Test
Unit – 4
Correlations and Regression
7. Correlation Analysis; Spearman rank, Pearson, part, partial, multiple, special correlation
8. Multiple Regression; standard error of estimate, test of significance of regression analysis
Unit – 5
Working with SPSS (practical)
9. Fundamentals of SPSS; interpretation and representation of data, overview of SPSS
functions, data entry, testing assumptions with SPSS
10. Parametric and non-parametric tests using SPSS
Suggested readings:
1. Aczel and Sounderpandian: Complete Business Statistics, Tata McGraw Hill
2. Andy Field: Discovering Statistics using SPSS, Sage Publication
3. Gupta, SP: Statistical Methods, Sultan Chand & Sons
4. Hooda, RP: Statistics for Business and Economics, MacMillan
5. Jit S Chandan: Statistics for Business and Economics, Vikas Publishing House
6. Levin, Richard I and David S Rubin: Statistics for Management, Prentice Hall
7. Levin, Stephan, Krehbiel and Berenson: Statistics for Managers, Prentice Hall
8. Sharma, JK: Business Statistics, Pearson Education
COM/1/CC/05
Participative Learning - I
Objective:
To develop soft skills among the students
(Two Credits – Core Course)
(L=0; T=2; P=0)
This two (2) credits course, with only tutorial component, will be evaluated by the course-in-charge(s),
based on presentations/participations of the students in seminars, group discussions, mock interview,
presentations, quiz etc.
6
COM/2/CC/06
Human Resource Management
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of the paper is to enable the students to familiarize with the main aspects
of Human Resource Management at the organizational level and apply the same in
management of Human Resources.
Course Inputs:
(L=3; T=1; P=0)
Unit – 1
1. Human Resource Management (HRM): Concept, Scope, objectives, importance of HRM;
Role of HR Manager.
2. Human Resource planning: Objectives, Process, factors affecting HR planning; Problems in
HR planning.
Unit – 2
3. Concepts of job design, job rotation, job enlargement, job enrichment and job analysis.
4. Recruitment: objectives and sources of recruitment; Selection: process; placement,
induction, promotion and transfer.
Unit – 3
5. Training and Development: Identification of training needs, methods and evaluation of
training; Techniques of management development, Evaluating effectiveness of development
programmes.
6. Performance Management: Concept; Performance Appraisal: Concept, Traditional and
Modern methods of appraisal; Concepts of potential appraisal and career planning and
development.
Unit – 4
7. Compensation Management: Objectives; Job evaluation: Concept, methods.
8. Essentials of sound wage structure; Concepts of minimum wage,
wage and fair wage; Wage differentials.
living
Unit – 5
9. Employee Relations: Grievances: Causes and Procedures; Trade Unions: Objectives, role of
trade unions in new economy; Collective Bargaining: Types, essential conditions for the
success of collective bargaining.
10. Participative management: Objectives, types; Brief introduction to forms of Workers
Participation in Management in India; Concept, specific issues in Quality of Work Life (QWL).
Suggested Readings:
1. Aswathpa K: Human Resource and Personal Management, Tata McGraw Hill, New Delhi.
2. Bhasker ,Chatterjee: Human Resource Management: A Contemporary Text, Sterling.
3. Bishwanath Ghosh: Human Resource Development and Management, Vikas.
4. Biswajeet Pattanayak: Human Resource Management, PHI.
5. Deb, Tapomoy: Human Resources and Industrial Relations, Excel Book, New Delhi.
6. Ellen Ernst Kossek, Richard N. Block: Managing Human Resources in the 21st Century,
Thompson.
7. Gupta CB: Human Resource Management, Sultan Chand.
8. Ian Beardwell and Len Holden: Human Resource Management: a Contemporary
Perspective; Macmillan.
9. P. G Aquinas : Human Resource Development : Principles and Practice, Vikas.
10. Permod Verma : Personnel Management in Indian Organisations: Concepts and Cases;
Oxford & IBH.
11. Srinivas KR: Human Resource Management, PHI.
12. Subba Rao P.: Personnel and Human Resource Management, Himalaya.
13. V.P. Micheal : Human Resource Management and Human Relations, Himalaya.
14. VSP Rao : Human Resource Management, Vikas.
7
COM/2/CC/07
Marketing Management
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to develop an understanding of the concepts, strategies
and issues involved in marketing.
Course Inputs:
(L=3; T=1; P=0)
Unit – 1:
1. Introduction: Meaning and scope of marketing; Evolution of Marketing; Analysing the micro
and macro environment in Indian context.
2. Connecting with Customers: Customer relationship management (CRM); consumer
behavior- Factors influencing consumer behavior; Market segmentation and its bases;
positioning strategy; Rural marketing.
Unit – 2
3. Shaping the Market Offerings: Product strategy - product levels; Product classifications;
Product mix decisions; Creating brand equity - building brand equity; Choosing brand
elements; Devising a branding strategy; Brand positioning; Product-life-cycle marketing
strategies.
4. Pricing strategy: Factors determining the price; Pricing policies and strategies.
Unit – 3
5. Designing and Managing Channels: Importance and types of channels; Channel-design
decisions; Channel management decisions.
6. Concepts of Retailing, wholesaling, supply chain management, and logistics; Types of
retailers - marketing decisions; Recent trends in retailing in India.
Unit – 4:
7. Designing an Integrated marketing communications (promotion strategy): Marketing
communications mix and their characteristics; Hierarchy-of-effects model; Steps in
developing effective communications; Factors in setting the marketing communications mix.
Unit – 5:
8. Developing and managing advertising programme – setting the objectives, advertising
budget, advertising campaign, reach, frequency and impact, major media types.
9. Personal communications – direct marketing; Interactive marketing; Principles of personal
selling.
Suggested Readings:
1. Arun Kumar and N Meenakshi, Marketing Management, Vikas.
2. Majumdar, R. Product Management in India, Prentice Hall.
3. McCarthy and Perreault, Basic Marketing: Managerial Approach, Irwin.
4. Philip Kotler and Armstrong, Principles of Marketing, Prentice Hall.
5. Philip Kotler, Marketing Management – Analysis, Planning, Implementation and Control,
Prentice Hall.
6. Philip Kotler, Keller & Jha, Marketing Management–A South Asian Perspective, Pearson
7. Ramaswamy and Namakumari, Marketing Management, Macmillan,
8. Srinivasan R. Case Studies in Marketing: The Indian Context, Prentice Hall.
9. Stanton, Etzel and Walker, Fundamentals of Marketing, McGraw Hill.
10. Still, Cundiff & Govoni, Sales Management: Decisions, Strategies and Cases, Prentice Hall.
COM/2/CC/08
Objective:
Participative Learning – II
To develop soft skills among the students
(Two Credits – Core Course)
(L=0; T=2; P=0)
This two (2) credits course, with only tutorial component, will be evaluated by the course-in-charge(s),
based on presentations/participations of the students in seminars, group discussions, mock interview,
presentations, quiz etc.
8
COM/2/SC/09a: Security Analysis and Portfolio Management
(Four Credits–Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
Course Inputs:
The objective of this course is to help students understand various issues in security
analysis & portfolio management.
(L=3; T=1; P=0)
Unit – 1:
1. Investments: Concept of investment, investment vs. speculation, investment decision
process, avenues of investment; Effect of combining securities; Derivatives (Theory)
2. Stock Market Indices; Concept, Procedure for Computation of BSE SENSEX, NIFTY.
(Theory + Numerical)
Unit – 2
3. Security return and risk analysis, measurement of return and risk.(Theory + Numerical)
4. Valuation of securities: bonds, debentures, preference shares, equity shares, and
Derivatives. (Theory + Numerical)
Unit – 3
5. Fundamental Analysis: Economic analysis, Industry analysis and Company analysis
(Theory)
6. Technical Analysis: Concept; Dow Theory, Price charts patterns, Elliot Wave theory, Market
indicators (Theory)
Unit – 4
7. Efficient Market Hypothesis; Portfolio Analysis (Theory + Numerical)
8. Portfolio selection: Markowitz Risk-return optimisation; Sharpe's Single Index Model; multi
factor model (Theory + Numerical)
Unit – 5
9. Capital Asset Pricing Model: Concept, assumptions, Capital market line, security market line
(Theory)
10. Portfolio Revision and Evaluation: Concept; Sharpe Ratio, Treynor Ratio, Jensen measure,
Fama’s net selectivity; Arbitrage pricing theory (Theory)
Suggested Readings:
1. Arriling: Fundamentals of Investment Analysis, Prentice Hall, International Edition.
2. Bhalla: Investment Analysis, S. Chand & Co. Delhi.
3. Chandratre, K.R: Capital Issue, SEBI & Listing, Bharat Publishing House, New Delhi.
4. Clark, James Fransis, Investment- Analysis and Management, McGraw Hill, International
Edition.
5. Donal, E.Fisher and Ronald J. Jorden: Security Analysis and Portfolio Management,
Prentice Hall, New Delhi
6. Fabozzi, Frank J: Investment Management, Prentice Hall, International Edition
7. Francis J. Clark: Management of Investments; McGraw Hill, New York.
8. John C Hull: Options Futures and Other Derivatives, Prentice Hall India, New Delhi.
9. John C Hull: Fundamentals of Futures and Options market. Prentice Hall India, New Delhi
10. Kevin, S: Security Analysis and Portfolio Management, Prentice Hall, New Delhi
11. Kevin, S: Security Analysis, Prentice Hall, New Delhi
12. Machi Raju, H.R: Merchant Banking; Wiley Eastern Ltd., New Delhi.
13. Machi Raju,, H.R: Working of Stock Exchanges in India; Wiley Eastern Ltd., New Delhi
14. Shapre, William F: Portfolio Theory and Capital Markets; McGraw Hill, New York.
15. Sharpe, William F, Gordon J Alexander & J.V Bailly: Investments, Prentice Hall of India. New
Delhi.
9
COM/2/SC/09b
Entrepreneurship
(Four Credits–Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective
This course gives the students an insight to the entrepreneurial culture and provides
them basic knowledge about various aspects of entrepreneurship in setting up of
business ventures.
Course Inputs:
(L=3; T=1; P=0)
Unit 1:
1. Introduction: The Entrepreneur-Meaning and Characteristics; The entrepreneurial decision
process, Role of entrepreneurship in economic development.
2. Theories of Entrepreneurship; Emergence of entrepreneurial class in India.
Unit 2:
3. Entrepreneurial Behaviour: Entrepreneurship and Innovation; Creativity as a prerequisite to
innovation.
4. Seven sources of innovation (Peter Drucker); Myths of entrepreneurship; Social
responsibility of entrepreneurs.
Unit -3:
5. The Entrepreneurial and Intrapreneurial mind: The entrepreneurial process; Managerial vs
entrepreneurial decision making.
6. Intrapreneurship: Causes, intrapreneurial culture; intrapreneurial leadership characteristics
and establishing intrapreneurship in the organisation.
Unit 4:
7. The Individual Entrepreneur: Entrepreneurial feelings- locus of control, independence and
need for achievement, risk taking.
8. Entrepreneurial background and characteristics: childhood, education, values, age, work
experience, motivation, role models and support systems, male v/s female entrepreneurs.
Unit 5:
9. Reasons for failure of entrepreneurs; ten deadly mistakes of entrepreneurship (Zimmerer
and et al), the four entrepreneurial pitfalls (Peter Drucker); Measures to avoid pitfalls.
Suggested Readings:
1. Abrahams, Rhonda, The Successful Business Plan- Secrets and Strategies, Prentice Hall.
2. Colombo Plan Staff College for Technical Education, Manila, Entrepreneurship
Development, Tata MC Graw Hill.
3. Coulter Mary, Entrepreneurship in Action, Prentice Hall.
4. Dafna, Kariv, Entrepreneurshi- An International Introduction, Routledge Taylor & Francis
Group.
5. Desai, Vasant, Dynamics of Entrepreneurial Development and Management, Himalaya.
6. Desai, Vasant, Entrepreneurial Development, Vol-I, Himalaya Publishing House.
7. Drucker, Peter, F, Innovation and Entrepreneurship, East West Press (P) Ltd.
8. Holt,David, H, Entrepreneurship- New Venture Creation; Prentice Hall.
9. Khanka, S, S, Entrepreneurship Development, S Chand.
10. Robert, D, Hisrich, Michael, P, Peters, Dean A Sheperd, Entrepreneurship, Tata MC Graw
Hill.
11. Verma, S B, Entreprenurship & Employment- Strtegies for Human Resource Development,
Deep & Deep Pub.,
12. Zimmerer,W, Thomas and Scarborough, Norman, M, Essentials of Entrepreneurship and
Small Business Management; Prentice Hall.
10
COM/2/SC/10a
Accounting for Services – I
(Four Credits–Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To enable the students develop an understanding into accounting practices practiced by
service sector organizations
Course Inputs:
(L=3; T=1; P=0)
Unit – 1:
1. Accounting for Professionals: Accounting books and documents to be maintained by
doctors, lawyers, engineers and accountants as per the provision of Income Tax Act;
Precautions to be taken in maintaining accounts. (Theory + Numerical)
2. Accounts of professionals and their household accounts; Preparation of final accounts.
(Theory + Numerical)
Unit – 2:
3. Accounting for Non-Trading Institutions: Introduction, Books of Account, Annual statement of
accounts, Receipts and Payment Accounts, Income & Expenditure Accounts and Balance
Sheet for Clubs, Libraries, Hotels and Charitable Institutions. (Theory & Numerical).
4. Accounting for Educational Institutions: Introduction, Books of accounts, Annual statement of
accounts, Receipts and Payments Account, Income & Expenditure Accounts and Balance
Sheet. (Theory + Numerical)
Unit – 3:
5. Accounting for Hotels: Accounting for cash, accounting for sales, allowances to guest,
preparation of Final Accounts, Special Adjustments and features and ratios (Theory +
Numerical)
6. Accounting for Hospitals: Types of hospitals, Items of income and expenditure, Preparation
of financial statement, Profit & Loss A/c and Balance Sheet (Theory + Numerical)
Unit – 4:
7. Government Accounting: Fundamentals; Switch over from cash to accrual basis accounting.
(Theory)
8. Local Government: Municipal Department, Panchayat. (Theory + Numerical)
Unit – 5:
9. Farm Accounting: Introduction; Farm accounting vs Firm Household accounting; various
concepts of agro-costs; classification of cost; Application of double entry principles (Theory +
Numerical)
Suggested Readings:
1. Coltman, M.M. & Jagels, M.G.: Hospitality Management Accounting - John Wiley & Sons Inc.
USA.
2. Comptroller and Auditor General of India –, ‘Report of the Task Force on Accounting and
Budget Formats for Urban Local Bodies’, Government of India ,New Delhi
3. Herkimer, Allen G: Understanding Health Care Accounting , An Aspen Publication
4. Horwath, Ernest B. & Dunn, Louis Toth: Hotel Accounting.
5. Kulkarni, G. R.: Managerial Accounting for Hotels,
6. Maheshwari, S.N. & Maheshwari, S.K.: Advanced Accounting (Vol. II).
7. Mukherjee, A & Hanif, M : Modern Accounting, Vol-I and II Tata Mc Graw Hills.
8. Paul, SK: Accountancy Vol.1, New Central Book Agency, Kolkata.
9. Piland, Neill F. & Glass, Kathryn P.: Chart of Accounts for Health Care Organisations,
Medical Group management Association (AMACOM)
10. Rao, P. Mohana: Accounting Theory and Standards, Deep & Deep Publication.
11. The Institute of Chartered Accountants of India, ’Technical Guide on Accounting and
Financial Reporting by Urban Local Bodies’, Accounting Standards Board, New Delhi.
12. Tulsian, P.C.: Advanced Accounting (Vol. I), Pearson Education.
13. William J Ward :Hand Book of Health Care Accounting and Finance, an Aspen.
11
COM/2/SC/10b
Business Plan Development
(Four Credits–Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of the course is to enable the students to craft a winning business plan for
his/her venture.
Course Inputs:
(L=3; T=1; P=0)
Unit 1:
1. Business Idea: Creativity, innovation and entrepreneurship; Creative thinking; Barriers to
creativity; Enhancing creativity – organizational and individual.
2. Business plan: importance, format (elements) and presentation, groups interested in
business plan
Unit 2:
3. Marketing Plan: Guerrilla marketing strategies - Defining the target market, market research,
marketing on www; Marketing mix – product, price, place and promotion; E– commerce –
myths of e-commerce (Zimmerer, et al), approaches and strategies for e- success.
Unit 3:
4. Financial Plan I: Cash management, avoiding the cash crunch; Basic financial statements balance sheet and profit and loss account; Creating projected financial statements;
Interpreting ratios; Break- even analysis.
Unit 4:
5. Financial Plan II: Planning for capital needs – fixed capital, working capital and growth
capital; Equity capital versus debt capital; Sources of equity financing – personal savings,
friends and family members, angels, corporate venture capital; Debt financing – sources.
Unit 5:
6. Location and Layout: Factors determining the location of the enterprise; Location as a
source of competitive advantage – retail, service and manufacturing units
7. Layout and design considerations – principles, layout for retailers and manufacturers.
Suggested Readings:
1. Abrahams, Rhonda, The Successful Business Plan- Secrets and Strategies, Prentice Hall.
2. Colombo Plan Staff College for Technical Education, Manila, Entrepreneurship
Development, Tata MC Graw Hill.
3. Coulter Mary, Entrepreneurship in Action, Prentice Hall.
4. Desai, Vasant, Dynamics of Entrepreneurial Development and Management, Himalaya.
5. Drucker, Peter, F, Innovation and Entrepreneurship, East West Press (P) Ltd.
6. Holt,David, H, Entrepreneurship- New Venture Creation; Prentice Hall.
7. Khanka, S, S, Entrepreneurship Development, S Chand.
8. Naroola, Gurmeet, The Entrepreneurial Connection: East Meets West in the Silicon Valley,
Tata Mc Graw Hill.
9. Robert, D, Hisrich, Michael, P, Peters, Entrepreneurship, Tata MC Graw Hill.
10. Robert, D, Hisrich, Michael, P, Peters, Entrepreneurship, Tata MC Graw Hill.
11. Sharma, D, D, Dhameja,S,K, Entrepreneurial Development in India, Abhishek.
12. Zimmerer,W, Thomas and Scarborough, Norman, M, Essentials of Entrepreneurship and
Small Business Management; Prentice Hall.
12
COM/2/OE/11a
Management of NGOs
(Two Credits – Open Elective Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To acquaint the students with the issues concerning the NGO management.
Course Inputs:
(L=2; T=0; P=0)
Unit – I
1. Introduction: Concept, meaning, definition, kinds, importance and characteristics; Formation:
Important documents, bye-laws and registration; Taxation and NGOs: section 11, 12, 35AC
and 80G.
2. Functional areas: Marketing, Finance, HRM etc; Managing NGOs: Environment,
Governance, Ethical issues and challenges.
Unit – 2
3. Budgeting: Concept, advantages, key factors, kinds, budgetary control; Preparation of Cash
Budget
4. Accounting: Concept, need, advantages; Double entry book keeping: concept and golden
rules; Preparation of basic books of accounting: Cash Book, Receipt & Payment Account,
Income & Expenditure Account, Balance Sheet; Auditing.
Suggested Readings:
1. Anita, Abraham: Formation and Management of NGOs (Non Governmental Organisations);
Universal Law Publishing, 2011 ed.
2. Bhatia, Anju: Women’s Development and NGOs (ISBN 8170336112), Rawat Publications
3. Chandra, Snehlata: Guidelines for NGOs management in India; Kanishka Publishers
Distributors (ISBN: 8173916039).
4. Dharmarajan, Shivani: NGO Development Initiative and Public Policy (ISBN: 8173912653),
Kanishka Publishers & Distributors.
5. Goel, OP: Role of NGOs in Development of Social System (ISBN: 8182051185); Gyan
Books.
6. Laldinliana: Accounting Procedures for Rural Development Establishments; SIRD Mizoram.
7. Sooryamoorthy, R and Gangrade, KD: NGOs in India: A Cross-Sectional Study, Rawat
Publications.
13
COM/2/OE/12a
Creativity and Innovation
(Two Credits – Open Elective Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To enable the students learn the skills of creativity and innovation, in problem solving.
Course Inputs:
(L=2; T=0; P=0)
Unit – 1
1. Introduction: Creativity and innovation – meaning, process; Components - intrinsic
motivation, task skills, creative thinking; Innovation and entrepreneurship linkage,
dimensions of innovation and the innovation arena; Doblin’s 10 types of innovation.
2. Searching and selecting business ideas – methods of generating new ideas, dynamics of
project identification, matching products and entrepreneurs; Setting the stage for success Basic philosophy, having a vision, setting the right attitude, recognizing and avoiding mental
blocks, avoiding mindsets, risk taking, paradigm shift and paradigm paralysis, Individual and
team work.
Unit – 2
3. Problem solving- understanding, representing; Pattern Breaking - thinking differently,
changing your point of view, watching for paradigm shift, challenging conventional wisdom,
lateral thinking, provocation, mind stimulation.
4. Creativity techniques: Idea generation – Brainstorming/brain-writing, SCAMPER method,
thought mapping, word play, metaphorical thinking, TRIZ Methodology, Do It methods;
Decision making and evaluative exercises - Focused thinking framework, Six thinking hats,
PMI (Plus, Minus, Interesting), ladder of inference, reactive decision making.
Suggested Readings:
1.
2.
3.
4.
5.
6.
Brian Clegg, Crash Course in Creativity, Kogan Page
Adair, Leadership for Innovation, Kogan Page
Plsek, Creativity, Innovation and Quality, Prentice Hall India
Jacob Goldenberg, Creativity in product Innovation, Cambridge University Press
Felix Janson, Age of Innovation , Prentice Hall India, 2000
Satish Taneja, S.L.Gupta, Entrepreneurship Development – New venture creation , Galgotia
Publishing company
7. Shirur.S.Sherwani, “Creativity in management”, Deep & Deep Publications
8. Mind Tools- The ebook
9. Paul Sloane, The Leader’s Guide to Lateral Thinking Skills, 2nd Ediction, Kogan Page
10. Laldinliana, Facilitator’s Primer in Entrepreneurship and Group Dynamism, Akansha
Publishing House
14
COM/3/CC/13
Advanced Cost and Management Accounting
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to acquaint students with the accounting concepts, tools
and techniques for managerial decisions.
Course Inputs:
(L=3; T=1; P=0)
Unit – 1
Introduction
1. Management accounting as an area of accounting; Objectives, nature and scope of
management accounting; Management accounting vs Financial accounting; Management
accounting vs Cost accounting, Management accountant's role and responsibilities. (Theory)
2. Objectives of reporting, reporting needs at different managerial levels; Types of reports,
modes of reporting. (Theory)
Unit – 2
Fundamentals of Budgeting
3. Definition of budget; Essentials of budgeting; Types of budgets, Budgetary control; Zerobase budgeting; Performance budgeting. (Theory)
4. Cash budget, production budget, sales budget (Theory + Numerical)
Unit – 3
Standard Costing
5. Standard Costing as a control technique; Setting of standards and their revision; Variance
analysis - meaning and importance; Disposal of variances; Relevance of variance analysis to
budgeting and standard costing; and Overhead variances. (Theory)
6. Variances analyses: Material variances and Labour variances. (Theory + Numerical)
Unit – 4
Marginal Costing
7. Concept, features, advantages and disadvantages of marginal costing; Marginal costing vs
absorption costing. (Theory)
8. Cost-volume-profit analysis and Break-even analysis: Assumptions and practical
applications; decisions regarding sales-mix and discontinuation of a product line. (Theory +
Numerical)
Unit – 5
Contemporary Issues
9. Responsibility Centers: Concept and types; transfer pricing; Cost Audit: Concept, objectives,
scope, types and advantages. (Theory)
10. Value chain analysis; Activity-based costing; target costing, life cycle costing; Cost
Reduction: Concept, scope, advantages and techniques. (Theory)
Suggested Readings:
1. Arora, M.N.: Cost Accounting: Principles and Practices, Vikas.
2. Banerjee, Bhabatosh: Cost Accounting: theory and Practice, Prentice Hall.
3. Blocher, E.D. et al: Cost Management: A Strategic Emphasis, McGraw Hill.
4. Decoster, Don T. and Elden L. Schafer: Management Accounting: A Decision Emphasis,
John Wiley.
5. Garrison, Ray H. and Eric W. Noreen: Management Accounting, Richard D.Irwin, Chicago.
6. Horngren, Charles T, George Foster & Srikant M: Daliar: Cost Accounting: A Managerial
Emphasis, Prentice Hall.
7. Khan, M.Y. & Jain: Management Accounting, Tata McGraw Hill.
8. Maheshwari, SN, Cost and Management Accounting , Sultan Chand
9. Panda, N.M, Activity Based Costing, Mittal.
10. Pandey, IM, Management Accounting, Vikas.
11. Welsch Glenn A., Ronald W. Hilton and Paul N. Gordon: Budgeting, Profit Planning and
Control, PrenticeHall.
15
COM/3/CC/14
Financial Services
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To acquaint the students with innovative financial services offered to meet the varied
requirements of both the corporate and individual customers.
Course Inputs:
(L=3; T=1; P=0)
Unit-1:
1. Financial services: Meaning and classifications; Financial sector reforms and financial
innovations in India.
2. Overview of financial products and services; Loan syndication; Custodian services; Advisory
services; Depository services; Securitization; Under-writing services (Banks and Insurance);
Credit cards; Services in foreign exchange market; Micro credit services; Challenges facing
the financial market.
Unit-2:
3. Hire-Purchase: Concept, salient features, advantages, terms of agreement in hire- purchase;
Hire-purchase and Installment sales; Legal Framework.
4. Leasing: Meaning and types of Leasing; Advantages and disadvantages of Leasing; Leasing
and Hire-purchase; Legal aspects of Leasing.
Unit-3:
5. Housing finance: Housing finance policy and role of National Housing Bank (NHB); Housing
and Urban Development Corporation (HUDCO); Role of housing finance corporations and
the housing schemes.
6. Venture capital: Meaning, features, scope and significance; Venture capital guidelines;
Methods of venture financing; Indian venture capital scenario.
Unit-4:
7. Credit Rating: Meaning, functions and significance of credit rating; Rating process and
methodology; Credit rating agencies in India; Debt rating systems of CRISIL, ICRA and
CARE.
8. Discounting, Factoring and Forfeiting: Concepts and role of banks in providing discounting,
factoring and forfeiting services; Terms and conditions in factoring agreement; Types of
factoring; benefits factoring to the clients; Forfeiting: advantages and limitations of forfeiting,
forfeiting in India; factoring vs. forfeiting.
Unit-5:
9. Mutual Funds: Meaning, importance and classification of mutual funds; Organization of the
Funds; Facilities available to investors, guidelines from the government of India; Net Asset
Value (NAV); Mutual funds in India.
10. Merchant Banking: Meaning and Origin; Merchant banks and commercial Banks; Services
of merchant banks; Regulation by SEBI.
Suggested Readings:
1. Bhatia, B.S. and Batra, G.S.: Management of Capital Markets, Financial Services and
Institutions, Deep and Deep Publications, New Delhi.
2. Gordon and Natarajan: Financial Markets and Services, Himalaya.
3. Gurusamy: Financial Services and Markets, Thomson.
4. Gurusamy: Financial Systems and Services, Thomson.
5. Khan, M.Y.: Indian Financial System – Theory and Practice, Vikas
6. L.M. Bhole: Financial Institutions and Market, Tata McGraw Hill.
7. Pathak: Financial Markets and Services, Pearson.
8. Singh, H.K. & Singh, Meera: Mutual Funds & Indian Capital Market, Kanishka Publishers.
9. V.A. Avadhani: Investment Management, Himalaya Publishers, Mumbai.
10. Vasant Desai: Indian Financial System, Himalaya Publishers, Mumbai
16
COM/3/CC/15
Business Research Methodology
(Two Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of the course is to enable students to understand the methods of research.
Course Inputs:
(L=2; T=0; P=0)
Unit–1
1. Concepts & Design: Research, process, types, criteria for good research problem, Research
Design.
2. Problem & Hypotheses: Concept of research problem; Types, qualities of workable
hypotheses.
Unit – 2
3. Sampling & Data Collection: Principles, Methods (Probability and Non- Probability),
Characteristics, Errors. Characteristics of good sample; Data: Sources, Collection
techniques.
4. Interpretation & Report: Pre-requisites of interpretation; Errors in interpretation; Essentials of
a Good Research Report; Types of reports.
Suggested Readings:
1. Achalapathi, K.V.: Reading in Research Methodology in Commerce and Business
Management, University Press & Publications, OU, marketed by Himalaya Publishing.
2. Bryman, Alan & Bell, Emma: Business Research Methods, Oxford University Press.
3. Cooper, Donald R. & Schindler, Pamela S.: Business Research Methods, Tata McGraw Hill.
4. Gupta, S.P.: Statistical Methods, Sultan Chand & Sons.
5. Hooda, R.P: Statistics for Business and Economics, Macmillan.
6. Kothari, C.R.: Research Methodology, New Age International.
7. Lawrence B. Morse: Statistics for Business & Economics, Harper Collins, NY.
8. Levin, Richard I. and David S Rubin: Statistics for Management, Prentice Hall.
9. Michael, V.P.: Research Methodology in Management.
10. Sarma, K.V.S.: Statistics Made Easy, Do It Yourself On PC, Prentice Hall.
11. Sharma, J.K.: Business Statistics, Pearson Education.
12. Swamy, O.R. Krishna: Methodology of Research in Social Sciences, Himalaya Publishing.
17
COM/3/SC/16a
Project Planning and Control
(Four Credits – Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to enable students learn the process and issues relating to
preparation, appraisal, review, and monitoring of projects.
Course Inputs:
(L=3; T=1; P=0)
Unit – 1
1. Identification of Investment Opportunities: Project ideas, screening of ideas; Environment
scanning and opportunity analysis; SWOT and ETOP analysis.
Unit - 2
2. Market and Demand Analysis: lnformation required for market and demand analysis;
Sources of information- primary and secondary; Demand forecasting.
3. Technical Analysis Materials and inputs; Production technology; Product mix; Plant location
and layout; Selection of plant and equipment.
Unit - 3
4. Cost of Project and Means of Financing: Major cost components; Means of financing;
Planning capital structure.
5. Profitability and Financial Projections: Cost of production; Projected balance sheet, profit and
loss account and cash flows statement.
Unit - 4
6. Appraisal Criteria and Appraisal Process: .Methods of appraisal under certainty, risk and
uncertainty; Investment appraisal in practice; Process followed by financial institutions.
7. Social Cost Benefit Analysis; Rationale for social cost benefit analysis; Methodology of
SCBA; L&M and UNIDO approach; Measurement of the impact on distribution.
Unit - 5
8. Network Techniques for Project Implementation, Monitoring and Control: PERT and CPM
techniques; Critical path, event slacks and activity floats
9. Measures of variability and probability of completion by a specified date; Project
implementation practices in India.
Suggested Readings:
1. Bryce, M.C.: Industrial Development, McGraw Hill (Int. Ed), New York.
2. Chandra, Prasanna: Project Preparation, Appraisal and Implementation, Tata McGraw Hill,
Delhi.
3. Chaudhary, S.: Project Management, Tata McGraw Hill, New Delhi.
4. Education Books, London.
5. I.D.B.I: Manual of Industrial Project Analysis in Developing Countries.
6. Little I.M.D. and Mirrless JA: Project Appraisal and Planning for Developing Countries;
Heinemann
7. O.E.C.D: (i) Manual for Preparation of Industrial Feasibility Studies. (ii) Guide to Practical
Project Appraisal.
8. Pitale, R.L: Project Appraisal Techniques, Oxford and IBH.
9. Planning,Commission: Manual for Preparation of Feasibility Report.
10. Sharma, K. R.: Project Management, National Publishing House, New Delhi.
11. Timothy, D.R. and. W.R Sewell: Project Appraisal and Review, Macmillan, India.
18
COM/3/SC/16b
New Venture Creation
(Four Credits – Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to help students to understand the conceptual and legal
framework in launching of micro, small and medium enterprises in the Indian context by
case study method.
Course Inputs:
(L=3; T=1; P=0)
Unit 1:
1. Introduction: Concepts, meaning and definition of Micro, Small, Medium enterprises, rural
entrepreneurship, cooperative entrepreneurship, women entrepreneurship.
2. The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act): Salient
features.
Unit 2:
3. Project Formulation and Project Appraisal: Project Report, meaning, significance, contents,
formulating a project report, specimen of a project report.
4. Project Appraisal, concept and methods
Unit 3:
5. Launching the Enterprise: Registration; Approvals and Clearance, Product specific,
environment and pollution related clearances; Quality certification - ISO, World Intellectual
Property Organization and impact of intellectual property rights on MSMEs; Legal formalities
to be complied with (with reference to Mizoram).
6. Global aspects of entrepreneurship: Exporting- need, strategies, legal formalities, export
procedure and documentation, incentives; Barriers to exporting; Role of APEDA (Agricultural
and Processed Food Products Export Development Authority), EXIM Bank and other
government agencies.
Unit 4:
7. Case Studies: Successful entrepreneurial ventures; Failed entrepreneurial ventures;
Turnaround entrepreneurial ventures.
Suggested Readings:
1. Abrahams, Rhonda: The Successful Business Plan- Secrets and Strategies, Prentice Hall.
2. Akhouri, M. M: Cases on Entrepreneurship, NIESBUD.
3. Chandra, Prasanna: Projects: Planning Financing, Implementation and Review, Tata MC
Graw Hill.
4. Colombo Plan Staff College for Technical Education, Manila, Entrepreneurship
Development, Tata MC Graw Hill.
5. Coulter Mary: Entrepreneurship in Action, Prentice Hall.
6. Desai, Vasant: Dynamics of Entrepreneurial Development and Management; Himalaya.
7. Desai, Vasant: Project Management and Entrepreneurship, Himalaya
8. Holt, David, H: Entrepreneurship- New Venture Creation; Prentice Hall.
9. Khanka, S.S: Entrepreneurship Development, S Chand.
10. Naroola, Gurmeet: The Entrepreneurial Connection: East Meets West in the Silicon Valley,
Tata Mc Graw
11. Robert, D, Hisrich, Michael, P, Peters: Entrepreneurship, fifth edition, Tata MC Graw Hill.
12. Sharma, D. D: The Enterprise Edge: They Succeeded Like Success, Abhishek.
13. Zimmerer, W: Thomas and Scarborough, Norman, M, Essentials of Entrepreneurship and
Small Business Management; Prentice Hall.
19
COM/3/SC/17a
Accounting for Services – II
(Four Credits – Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To enable the students develop an understanding into accounting practices practiced by
service sector organizations
Course Inputs:
(L=3; T=1; P=0)
Unit – 1
1. Accounting Standards: Concept, accounting boards, procedure for setting standards.
2. International Financial Reporting Standards (IFRS): Introduction, need and importance.
Unit – 2
3. Accounting for Public utility: Transport and electricity companies: Types of transport
companies, Preparation of Financial Statement of Transport Companies (Theory+Numerical)
4. Legal provisions of Electricity Companies, Preparation of Final accounts of Electricity
Companies. (Theory + Numerical)
Unit – 3
5. Preparation of financial Statements of Banking sector companies: Certain restrictions and
legal requirements of Banking Companies; Main characteristics of bank’s Book keeping
system; Principal books of accounts and Preparation of Financial Statements. (Theory +
Numerical)
Unit – 4
6. Preparation of financial Statements of Insurance sector companies: Types and terms of
Insurance, Regulation of Insurance business; Preparation of Financial Statements of Life
Insurance Companies. (Theory + Numerical)
7. Preparation of Financial Statements of General Insurance Companies. (Theory + Numerical)
Unit – 5
8. Cooperative Organisations: Introduction, kinds; Basic books of accounts, forms of final
accounts and financial statements (Theory + Numerical)
Suggested Readings:
1. Coltman, MM & Jagels, MG: Hospitality Management Accounting, John Wiley & Sons Inc.
USA
2. Comptroller and Auditor General of India –, ‘Report of the Task Force on Accounting and
Budget Formats for Urban Local Bodies’, Government of India ,New Delhi
3. Herkimer, Allen G: Understanding Health Care Accounting , An Aspen Publication
4. Horwath, Ernest B. & Dunn, Louis Toth: Hotel Accounting.
5. Kulkarni, G. R.: Managerial Accounting for Hotels,
6. Maheshwari, S.N. & Maheshwari, S.K.: Advanced Accounting (Vol. II).
7. Mukherjee, A & Hanif, M: Modern Accounting, Vol-I and II Tata Mc Graw Hills.
8. Paul, SK: Accountancy Vol.1, New Central Book Agency, Kolkata.
9. Piland, Neill F. & Glass, Kathryn P.: Chart of Accounts for Health Care Organisations,
Medical Group management Association (AMACOM)
10. Rao, P. Mohana: Accounting Theory and Standards, Deep & Deep Publication.
11. The Institute of Chartered Accountants of India, ’Technical Guide on Accounting and
Financial Reporting by Urban Local Bodies’, Accounting Standards Board, New Delhi.
12. Tulsian, P.C.: Advanced Accounting (Vol. I), Pearson Education.
13. William J Ward: Hand Book of Health Care Accounting and Finance, an Aspen.
20
COM/3/SC/17b
Entrepreneurship Policy and Support
(Four Credits – Soft Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to impart practical knowledge about the public policy and
institutional support provided to the entrepreneurs in India in post-liberalization period.
Course Inputs:
(L=3; T=1; P=0)
Unit 1:
1. Introduction: Government policy for small scale enterprises in India, industrial estates,
industrial districts, growth centers, and micro, small and medium enterprises (MSMEs).
Unit 2:
2. Policies for MSMEs: Institutional support; Promotional schemes and incentives (postliberalization period only).
Unit 3:
3. Role of Agencies in MSME Development: DIC (District Industries Centre), National Small
Industries Corporation (NSIC) , State Small Industries Development Corporation (SSIDCs),
MSMEDI, KVIC (Khadi and Village Industries Commission), NIESBUD (National Institute for
Entrepreneurship and Small Business Development), Indian Institute of Entrepreneurship
(IIE), National Institute for Micro, small and Medium Enterprises (NIMSME), Technical
Consultancy Organizations (TCOs) and other agencies (with reference to Mizoram).
Unit 4:
4. Microfinance: Concept, micro finance services - savings and insurance; Institutional
Development Services - Self Help Groups (SHG), SHG federations, Micro Financial
Institutions (MFIs), Role of government and non- government agencies; Recent trends.
Unit 5:
5. Policies for North Eastern Region: Look East policy, and Industrial Policy; North Eastern
economy: features, strengths, weaknesses, opportunities and threats; Role of government
and non –government agencies in entrepreneurship development; Recent trends, Vision
2020.
Suggested Readings:
1. Bhadani, B, L, Peasants, Artisans and Entrepreneurs, Rawat.
2. Deolankar, Vivek, Indian Entrepreneurship and Industries, Commonwealth Publishers.
3. Desai, Vasant, Dynamics of Entrepreneurial Development and Management; Himalaya.
4. Desai, Vasant, Entrepreneurial Development- Vol III; Himalaya.
5. Fisher Thomas and Sriram, MS: Beyond Micro-Credit – Putting Development Back into
Micro-Finance, Vistaar.
6. Gupta, CB and Srinivasan: Entrepreneurial Development in India, Sultan Chand.
7. Harper Malcolm: Practical Micro-Finance - A Training Guide for South East Asia, Vistaar Pub
8. Indian Institute of Entrepreneurship, Problems and Prospects of Women Entrepreneurship in
the North East: A Critical study, IIE.
9. Karmakar, KG: Rural credit and Self Help Groups- Microfinance Needs and Concepts in
India, Sage.
10. Khanka.S.S. Entrepreneurship Development, S Chand.
11. Laldinliana, Facilitaors Primer on Entrepreneurship & Group Dynamism- For SHG
facilitators, Animators under DRDA, NGOs & CBS, Akansha Pub, New Delhi.
12. Mali,D.D. Entrepreneurship Development in North East, IIE.
13. Rao, Gangadhara: Entrepreneurship & Growth of Enterprises in Industrial Estate, Deep Pub
14. Saini, J S, Entrepreneurship Development- Programmes & Pratices, Deep & Deep.
15. Saxena, Anand, Entrepreneurship- Motivation Performance Rewards, Deep and Deep.
16. Sharma. D. D & Dhameja. S.K: Entrepreneurial Development in India, Abhishek.
17. Shukla, MB: Entrepreneurship and Small Business Management, Kitab Mahal.
18. Srivastava, S.B.A. Practical Guide to Industrial Entrepreneur, Sultan Chand.
21
COM/3/OE/18a
Personal Finance
(Two Credits – Open Elective Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To introduce the students with the basics of financial education and make them able to
take rational financial decisions.
Course Inputs:
(L=2; T=0; P=0)
Unit – I
Basics of Personal Finance
1. Introduction: Personal Finance: Concept, scope, need and importance, Concept of
budgeting and net worth; Conceptual Theories of Behavioral Finance: Mental Accounting etc
2. Functioning: Concept of fungiblility of money; Time Value of Money; Calculation of Returns
Unit – 2
Applications of Personal Finance
3. Assessing Fitness and Setting Goals: Avoiding common money mistakes, Measuring your
financial health, Determining where your money goes; Establishing and achieving financial
goals; Prioritizing Savings Goals; Dealing with Debt
4. Financial Products: Investment concerns, Avenues of investment: physical and financial
assets; Choice criterion for avenues; Risk-return relationship
Suggested Readings:
1. Ahuja, Gautama: Money Matters: The ABC’s of Personal Finance (ISBN: 978-81-203-43122); PHI Pub.
2. Pool, John Charles & Frick, Robert L: The ABC's of Personal Finance: An Essential Money
Management Guide (ISBN: 1882505042), Shenandoah Univ, Durell,
3. Tyson, Eric: Personal Finance for Dummies (ISBN: 0470038322); Wiley Pub.
4. Tyson, Eric: Personal Finance in Your 20s for Dummies; (ISBN: 047076905X); Wiley Pub.
22
COM/3/OE/19a
Entrepreneurship for Women
(Two Credits – Open Elective Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
To promote entrepreneurship among women by developing their entrepreneurial
competencies
Course Inputs:
(L=2; T=0; P=0)
Unit – 1
Woman as an Entrepreneur:
1. Traditional gender roles-stereotypes; gender equality and gender impact indicators- material
welfare, access to economic resources, active participation in development projects, role in
community.
2. Factors affecting women entrepreneurs; barriers to effective women entrepreneurship
development; Empowerment through enterprise. Exercises & case Studies.
Unit – 2
Developing Entrepreneurial Competencies in Women:
3. Entrepreneurship - A Theoretical Perspective; Myths & Realities about women
entrepreneurs.
4. Entrepreneurial competencies in Women- behavioral competencies-achievement motivation,
risk taking, initiative and persistence a, self confidence; enterprise launching competencies
and enterprise management competencies. Exercises & Case Studies.
Suggested readings:
1. Coltrane Scott: Gender and Families, Sage.
2. Rani, C and Raju UB: A Trainers’ Handbook for Developing Enterprise among Women, Tata
Mc Graw
3. Timmons A Jeffery: New Venture Creation: A Guide to Entrepreneurship, Illinois
4. Uma Sekharan and Leony TL: Woman Power: Managing in Times of Demographic
Turbulence, Sage.
23
COM/4/CC/20
Services Marketing
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
This course intends to provide the student the importance of marketing in services,
management of service business, challenges faced by the service organizations and
strategy development with practical applications.
Course Inputs:
(L=3; T=1; P=0)
Unit-1
1. Introduction: Concept and characteristics of services; Growth of services sector and reasons
for growth with reference to the Indian economy; Key service businesses in India; Service
tax.
2. Service Strategy: Strategic planning process; Services marketing mix; Application of
consumer behaviour, market segmentation and positioning in services.
Unit-2
3. Service Demand Management: Demand situations and patterns, Strategies for demand
management; The service product; The basic service package; The flower of service; The
service product mix, and service differentiation.
4. Service Quality Management: Service quality audit, GAP model of service quality; Total
quality services marketing; Pricing of service, pricing strategies linked to value perception.
Unit-3
5. Services Distribution: Service transactions, service location and service providers;
Distributors for service delivery; Strategies for channel management.
6. Internal and External Marketing: Concepts; Strategies for internal marketing; Components in
promotion (External Marketing); Word-of-month communication.
Unit-4
7. Special Aspects of Services Marketing: Interactive marketing - management of moments of
truth; the service interaction process; Service deficiencies and consumer grievance recovery
strategies.
Unit-5
8. Special Aspects of Services Marketing: Managing physical evidence - service scape and
dimensions; Role of evidence in services marketing; Guidelines for developing physical
evidence strategy.
9. Consumer protection in Services: Relevant provision of the consumer protection Act 1986,
protection to consumer of services professional services, educational services, disrupting of
services by illegal services, public sector undertaking.
Suggested Readings:
1. Cengiz Hak sever, et al, Services Management and Operation, Pearson.
2. Christopher Lovclock and J. Wirtz Services Marketing: People, Technology, Strategy,
Pearson.
3. Consumer Protection Act, 1986.
4. K. Rama Mohana Rao, Services Marketing, Pearson.
5. Philip Kotler, et al, Marketing for Hospitality and Television, Pearson.
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COM/4/CC/21
Taxation
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of the course is to enable the students to know the provisions of income
tax laws in India and relevant tax laws in Mizoram
Course Inputs:
(L=3; T=1; P=0)
Unit – 1:
1. Basic Concepts: Income, agricultural income, person, assessee, assessment year, previous
year, gross total income, residence and tax liability, exempted income, tax planning.
(Theory)
2. Tax administration: Income tax authorities, procedure of assessment, appeals and penalties.
(Theory)
Unit – 2:
3. Computation of Income under the head Income from Salaries. (Theory + Numerical).
Unit – 3:
4. Computation of Income under the head Income from House Property. (Theory + Numerical).
5. Computation of Income under the head Income from Business and Profession. (Theory
+Numerical)
Unit – 4:
6. Computation of Income under the head Capital Gains and Income from other Sources
(Theory + Numerical).
7. Clubbing of Income and Aggregation of Income, Set off and Carry forward of Losses,
Deductions from Gross Total Income, Deduction and Collection of Tax at Source, Advance
Payment of Tax. (Theory)
Unit – 5:
8. Service & Professional Tax Act, Mizoram State Excise Tax Act, Mizoram Value Added Tax
Act (Basic provisions and simple computation of tax). (Theory + Numerical)
Suggested Readings:
1. Chandra, Mahesh and Shukla, D.C: Income Tax Law and Practice: Pragati Publications,
New Delhi.
2. Dinker Pagare: Income Tax Law and Practice: Sultan Chand & Sons, New Delhi.
3. Girish Ahuja and Ravi Gupta: Systematic Approach to Income Tax, Sahitya Bhawan
Publications, New Delhi
4. Joshi, Concept and Procedure of VAT in India, Bharath Publishers.
5. Mehrotra H.C: Income Tax Law & Accounts; Sahitya Bhawan, Agra.
6. Parthasarathy & Sanjive Agarwal, A Handbook of Service Tax: Law, Practice and
Procedure. Snowwhite Publication.
7. Prasad, Bhagwati: Income Tax Law & Practice, Wiley Publication, New Delhi.
8. R. Krishnan and R. Parthasarathy, Service Tax, Commercial Law Publication.
9. Singhania V.K. Students’ Guide to Income Tax, Taxmann, Delhi.
10. The Mizoram Value Added Tax Act, 2005, Gov’t of Mizoram.
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COM/4/CC/22
Computer Applications in Business
(Four Credits – Core Course)
[Continuous Assessment: 40 marks; Semester end exam: 60 marks.]
Objective:
The objective of this course is to provide an understanding of computers, computer
operating system and application of relevant software in managerial decision making.
Course Inputs:
(L=0; T=0; P=4)
Unit 1 Introduction
1. Introduction to computer concepts – elements of computer, characteristics of computer
system, input/output devices, storage devices, basic computer architecture
2. Introduction to software and operating system concepts – types of software, software nature
and qualities, application software: DOS, windows operating system functions
Unit 2 MS Office in business applications
3. Applications of MS Word in business correspondence, letters, mail merge, tables and
formatting. Applications of MS Excel, structure of spreadsheets, formatting and functions,
graphs and charts
4. Applications of Powerpoint; show time and animation effect, designing presentations and
using templates, printing presentations.
Unit 3 E-commerce and website designing
5. Fundamentals of the internet and world wide web, global publishing concept, internet
protocols, business models of e-commerce, e-payments using e-cash, e-cheques, credit
cards, debit cards, smart cards
6. Designing websites using HTTP and Web designing software (Web Expresssion)
Unit 4 Fundamental applications of Tally
7. Introduction to the accounting package: preparation of vouchers, maintenance of accounting
books
8. Final accounts; Generation of financial reports (without inventory)
Unit 5 Advanced Applications of Tally
9. Inventory master, inventory voucher, invoicing, invoice reports and register
10. Final accounts; generation of financial reports (with inventory)
Suggested Readings:
1. Date, C.J: An Introduction to Database Systems, Addison Wesley, Massachusetts.
2. Dienes, Sheila S: Microsoft Office, Professional for Windows; Instant Reference; BPB
Publication.
3. Mansfield, Ron: The Compact Guide to Microsoft Office; BPB Publication.
4. Norton, Peter: Working with IBM-PC, BPB Publication.
5. O'Brian, J.A: Management Information Systems, Tata McGraw Hill.
6. Smith, Katherine; Smith, L. Murphy & Smith, Lawrence C. Jr.: MS Excel for Accounting: The
First Course, Prentice Hall, New Jersey.
7. Smith, Katherine; Smith, L. Murphy & Smith, Lawrence C. Jr: MS Excel for Accounting:
Auditing and Accounting information System, Prentice Hall, New Jersey.
8. Smith, Katherine; Smith, L. Murphy & Smith, Lawrence C. Jr: MS Excel for Accounting,
Prentice Hall, New Jersey.
9. Ullman, J.O: Principles of Database Systems, Galgotia.
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COM/4/CC/23
Participative Learning - III
Objective:
To develop soft skills among the students
(Two Credits – Core Course)
(L=0; T=2; P=0)
This two (2) credits course, with only tutorial component, will be evaluated by the course-in-charge(s),
based on presentations/participations of the students in seminars, group discussions, mock interview,
presentations, quiz etc.
COM/4/CC/24
Project Work
(Eight Credits – Core Course)
(L=0; T=0; P=8)
Objective:
The objective of this project work is to develop self guided learning and analytical skills
among the students and to provide them opportunity to interact with the business world
Evaluation:
Project Work will carry 100 marks, 60 marks for project report and 40 marks for vivavoce. This will be evaluated by the evaluation board to be headed by the Head of the
Department and one external examiner & one internal examiner as members of the
board.
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