Financial Accounting: Accounting as a Financial
Information System; Impact of Behavioural Sciences. Accounting Standards
e.g., Accounting for Depreciation, Inventories, Research and Development
Costs, Long-term Construction Contracts, Revenue Recognition, Fixed
Assets, Contingencies, Foreign Exchange Transactions, Investments and
Government Grants, Cash Flow Statement, Earnings Per Share.
Accounting for Share Capital Transactions including Bonus Shares, Right
Shares, Employees Stock Option and Buy- Back of Securities.
Preparation and Presentation of Company Final Accounts.
Amalgamation, Absorption and Reconstruction of Companies.
Cost Accounting: Nature and Functions of Cost Accounting.
Installation of Cost Accounting System. Cost Concepts related to Income
Measurement, Profit Planning, Cost Control and Decision Making.
Methods of Costing: Job Costing, Process Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a tool of Profit
Planning.
Incremental Analysis/ Differential Costing as a Tool of Pricing Decisions,
Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc.
Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of
Planning and Control. Standard Costing and Variance Analysis.
Responsibility Accounting and Divisional Performance Measurement.
Taxation: Income Tax: Definitions; Basis of Charge; Incomes
which do not form Part of Total Income. Simple problems of Computation
of Income (of Individuals only) under Various Heads, i.e., Salaries,
Income from House Property, Profits and Gains from Business or Profession,
Capital Gains, Income from other sources, Income of other Persons included
in Assessee's Total Income.
Set - Off and Carry Forward of Loss. Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT and Services Tax.
Auditing: Company Audit: Audit related to Divisible
Profits, Dividends, Special investigations, Tax audit.
Audit of Banking, Insurance, Non-Profit Organizations and Charitable
Societies/Trusts/Organizations.
Financial Management, Financial Institutions and Markets
Financial Management: Finance Function: Nature,
Scope and Objectives of Financial Management: Risk and Return Relationship.
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow
Statement.
Capital Budgeting Decisions: Process, Procedures and Appraisal Methods.
Risk and Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of Specific Costs and Weighted
Average Cost of Capital. CAPM as a Tool of Determining Cost of Equity
Capital.
Financing Decisions: Theories of Capital Structure - Net Income (NI)
Approach, Net Operating Income (NOI) Approach, MM Approach and Traditional
Approach. Designing of Capital structure: Types of Leverages (Operating,
Financial and Combined), EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm: Walter’s Model, MM Thesis,
Gordan’s Model Lintner’s Model. Factors Affecting Dividend
Policy.
Working Capital Management: Planning of Working Capital. Determinants
of Working Capital. Components of Working Capital - Cash, Inventory
and Receivables.
Corporate Restructuring with focus on Mergers and Acquisitions (Financial
aspects only)
Financial Markets and Institutions: Indian Financial
System: An Overview
Money Markets: Participants, Structure and Instruments. Commercial Banks.
Reforms in Banking sector. Monetary and Credit Policy of RBI. RBI as
a Regulator.
Capital Market: Primary and Secondary Market. Financial Market Instruments
and Innovative Debt Instruments; SEBI as a Regulator.
Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies,
Insurance and IRDA.
PAPER – II
Organisation Theory and Behaviour, Human Resource Management and Industrial
Relations
Organisation Theory and Behaviour
Organisation Theory: Nature and Concept of Organisation; External
Environment of Organizations -Technological, Social, Political, Economical
and Legal; Organizational Goals - Primary and Secondary goals, Single
and Multiple Goals; Management by Objectives.
Evolution of Organisation Theory: Classical, Neo-classical and Systems
Approach.
Modern Concepts of Organisation Theory: Organisational Design, Organisational
Structure and Organisational Culture.
Organisational Design–Basic Challenges; Differentiation and Integration
Process; Centralization and Decentralization Process; Standardization
/ Formalization and Mutual Adjustment. Coordinating Formal and Informal
Organizations. Mechanistic and Organic Structures.
Designing Organizational structures–Authority and Control; Line
and Staff Functions, Specialization and Coordination. Types of Organization
Structure –Functional. Matrix Structure, Project Structure. Nature
and Basis of Power , Sources of Power, Power Structure and Politics.
Impact of Information Technology on Organizational Design and Structure.
Managing Organizational Culture.
Organisation Behaviour: Meaning and Concept; Individual
in organizations: Personality, Theories, and Determinants; Perception
- Meaning and Process.
Motivation: Concepts, Theories and Applications. Leadership-Theories
and Styles. Quality of Work Life (QWL): Meaning and its impact on Performance,
Ways of its Enhancement. Quality Circles (QC) – Meaning and their
Importance. Management of Conflicts in Organizations. Transactional
Analysis, Organizational Effectiveness, Management of Change.
Human Resources Management and Industrial Relations
Human Resources Management (HRM): Meaning, Nature
and Scope of HRM, Human Resource Planning, Job Analysis, Job Description,
Job Specification, Recruitment Process, Selection Process, Orientation
and Placement, Training and Development Process, Performance Appraisal
and 360o; Feed Back, Salary and Wage Administration, Job
Evaluation, Employee Welfare, Promotions, Transfers and Separations.
Industrial Relations (IR): Meaning, Nature, Importance
and Scope of IR, Formation of Trade Unions, Trade Union Legislation,
Trade Union Movement in India. Recognition of Trade Unions, Problems
of Trade Unions in India. Impact of Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and Lockouts , Causes of Disputes,
Prevention and Settlement of Disputes.
Worker’s Participation in Management: Philosophy, Rationale, Present
Day Status and Future Prospects.
Adjudication and Collective Bargaining. Industrial Relations in Public
Enterprises, Absenteeism and Labor Turnover in Indian Industries and
their Causes and Remedies.
