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D E P A R T M E N T O F DISTANCE EDUCATION
PUNJABI UNIVERSITY, PATIALA
SYLLABUS
B.COM. PART-III (ANNUAL SYSTEM)
2014-2015 EXAMINATIONS
SCHEME OF EXAMINATION
BC 301
Fundamentals of Entrepreneurship
BC 302
Management Accounting
BC 303
Cost Accounting
BC 304
Financial Management
BC 305
Indirect Taxes
Banking and Insurance
BC 310
Indian Banking System
OR
BC 311
Fundamentals of Insurance
BC 314
Punjabi Compulsory
OR
BC 315
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Maximum marks
100 Marks
100 Marks
100 Marks
100 Marks
100 Marks
100 Marks
100 Marks
100 Marks
100 Marks
BC 301 : FUNDAMENTALS OF ENTREPRENEURSHIP
Max Marks: 100
Time Allowed : 3 Hours
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Introduction : The Enterpreneur; Definition; Emergence of Entrepreneurial
Class; Theories of Entrepreneurship; Role of Socio-economic environment;
Characteristics of Entrepreneur; Leadership; Risk-taking; Decision-making and
Business Planning.
SECTION-B
Promotion of a Venture : Opportunities analysis; External environment
analysis-Economic, Social and Technological; Competitive Factors: Legal
1
B.Com. Part-III
2
Syllabus
requirements for establishment of a new unit, and raising of funds: Venture Capital,
Venture Capital Sources and Documentation required.
SECTION-C
Entrepreneurial Behaviour : Innovation and Entrepreneur; Entrepreneurial
Behaviour and Psycho-Theories, Social responsibility.
Entrepreneurial Development programmes (EDP); EDP : their role, relevance
and achievements; Role of government in organizing EDPs; Critical evaluation.
SECTION-D
Role of Entrepreneur : Role of an Entrepreneur in economic growth as an
innovator, generation of employment opportunities, complimenting and
supplementing economic growth, bringing about social stability and balanced
regional development of industries; Role in export promotion and import substitution,
forex earnings and augmenting and meeting local demand.
SUGGESTED BOOKS
1.
C.B. Gupta & N.P. Srinivasam
Entrepreneurial Development
2.
Arora Renu & Sood S.K.
Fundamentals of Entrepreneurship
3.
Vesant Desai
Dynamics of Entrepreneurial Development
& Management
4.
Dr. Nayyar S., Sehgal Purnima
Entrepreneurship & Small Business
& Singh M.
BC 302: MANAGEMENT ACCOUNTING
Max Marks : 100
Time Allowed : 3Hours
Pass Marks : 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Management Accounting : Meaning, Nature, scope and functions of
Management Accounting; Role of Management Accounting in decision making;
Management Accounting Vs. Financial Accounting; Tools and techniques of
Financial Analysis.
Financial Statements : Meaning and types of Financial Statements; Limitations
of Financial Statements; Objectives and methods of Financial Statements Analysis:
Funds Flow Statement, Cash Flow Statement as per Indian Accounting Standard 3.
B.Com. Part-III
3
Syllabus
SECTION-B
Comparative Statements, Common size statements and trend analysis; Ratio
analysis; Classification of Ratios: Profitability ratios, Turnover ratios, Liquidity ratios,
Solvency ratios; Advantage of Ratio Analysis; Limitations of Accounting Ratios.
SECTION-C
Absortion and Marginal Costing: Marginal and differential costing as a tool
for decision making - make or buy; Change of product mix; Pricing; Break-even
analysis; Exploring new markets; Shutdown decisions.
SECTION-D
Budgeting for profit Planning and Control : Meaning of Budget and Budgetary
control; Objectives; Merits and Limitations; Types of Budgets; Fixed and flexible
budgeting; Control ratios; Zero base budgeting; Performance budgeting; Responsibility
accounting.
Standard Costing and Variance Analysis : Meaning of Standard Cost and
Standard Costing; Advantages and Application; Variance analysis-material; Labour
and overhead Variances (two-way analysis).
RECOMMENDED BOOKS
1.
Dr. S.N. Maheshwari
Principal of M.A.
2.
M.Y. Khan & P.K. Jain
Management Accounting
3.
I.M. Pandey
Management Accounting
4.
Devarshi Bhattacharya
Management Accounting
BC 303 : COST ACCOUNTING
Max Marks : 100
Time Allowed : 3 Hours
Pass Marks : 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Introduction : Nature and Scope of Cost Accounting, Cost concepts and
classification; Methods and techniques; Installation of Costing System; Concepts of
Cost Audit.
Accounting for Material : Material control; Concept and techniques; Pricing
of Material issues; Treatment of material losses.
B.Com. Part-III
4
Syllabus
SECTION-B
Accounting for Labour : Labour cost control procedure; Labour turnover; Idle
time and overtime; Methods of wage payment; Time and piece rates; Incentive schemes.
Accounting for Overheads : Classification and departmentalization; Absorption
of overheads; Determination of overhead rates; Under and over absorption and its
treatment.
SECTION-C
Cost Ascertainment : Unit Costing; job, batch and contract costing; Operating
costing.
SECTION-D
Process Costing including inter-process profits joint and by products.
Cost Records : Integral and non-integral system; Reconciliation of Cost and
Financial Accounts. Activity based Costing, Productivity, Value Analysis.
RECOMMENDED BOOKS
1.
S.N. Maheshwari
Fundamentals of Costing
2.
M.N. Arora
Essentials of Cost Accounting
3.
Jawaharlal &
Cost Accounting
Seema Shrivastva
4.
Nigam Sharma
Cost Accounting, Principal & Problems
BC 304: FINANCIAL MANAGEMENT
Max. Marks:100
Time Allowed: 3 Hours
Pass Marks: 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one questions each from sections A,B,C
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Financial Management : Financial goals; Profit vs. wealth maximization;
Finance functions; investment, financing, and dividend decisions; Sources of
Finance.
Capital Budgeting : Nature of investment decisions, investment evaluation
criteria, payback period, accounting rate of return, net present value, internal rate
of return, profitability index; NPV and IRR comparison Capital rationing.
SECTION-B
Cost Capital : Significance of cost of capital; Calculating cost of debt, preference
shares, equity capital and retained earnings; Combined (weighted) cost of capital.
B.Com. Part-III
5
Syllabus
Capital Structure : Theories and determinants.
SECTION-C
Operating and Financial Leverage : Their measure; Effects on profit, analyzing
alternate financial plans, combined financial and operating leverage.
Dividend Policies : Issues in Dividend Policies; Walter's model; Gordon's
model; M.M. Hypothesis, Forms of dividends and stability in dividends determinants.
SECTION-D
Working Capital : Nature of Working Capital, Significance of Working Capital,
Operating cycle and factors determining of Working Capital requirements.
Management of Working Capital; Management of cash, Management of receivables,
Management of inventories.
RECOMMENDED BOOKS
1.
I.M. Pandey
Financial Management
2.
P. Chandra
Financial Management
3.
Kishore, R.M.
Financial Management
4.
Van Horne
Fundamentals of Financial Management
5.
Mcluney
Business Finance
BC 305: INDIRECT TAXES
Max. Marks : 100
Time Allowed: 3 Hours
Pass Marks : 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C,
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Central Excise : Nature and Scope of Central Excise; Important terms and
definitions under the Central Excise Act; General procedures of Central Excise;
Clearance and excisable goods, Concession to small scale industry under Central
Excise Act; CENVAT.
SECTION-B
Customs : Role of Customs in international trade; Important terms and
definitions under the Customs Act 1962; Levy Custom Duty and who is liable to
discharge Liability. Kinds of duties, and provisions regarding notified and specified
goods-free import and restricted import; type of import cargo, import of personal
baggage, import of stores.
B.Com. Part-III
6
Syllabus
Clearance Procedure : For home consumption, for warehousing, for re-export;
Clearance procedure for import by post; Prohibited exports; Canalised exports; Exports
against licensing; Types of export; Export of Cargo, export of baggage; Export cargo by
land, sea and air routes.
SECTION-C
Central Sales Tax : Important terms and definitions under the Central Sales
Tax Act 1956- Nature and Scope of Central Sales Tax Act; Provisions relating to
inter-state sales; inside a state; Sales/purchases in the course of imports and exports
out of India.
Registration of dealers and procedure thereof; Rate of tax exemption of
subsequent sales; Determination of turnover.
SECTION-D
Punjab Value Added Tax : Introduction, features, important terms and
definitions, difference from Punjab Sales Tax, Incidence and levy of tax.
Registration of dealers under Punjab Value Added Tax, Payment and recovery
of tax, Refunds, liability to produce accounts, establishment of information collection
centres, offences, penalties, appeals and revision. Main features of service tax.
SUGGESTED BOOKS
1.
V.S. Datey
Indirect Tax
2.
V.K. Sareen & Ajay Sharma
Indirect Tax
BC 310: INDIAN BANKING SYSTEM
Max. Marks : 100
Time Allowed : 3 Hours
Pass Marks : 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C
and D of the question paper and 10 short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Bank : Definition, importance and functions; Balance Sheet of a Bank : Main
assets and liabilities and their significance.
Indian Banking System; Structure and organization of Banks; Reserve Bank
of India; Apex Banking Institution; Commercial Banks; Regional Rural Banks; cooperative Banks (including private and foreign Banks); Development Banks.
SECTION-B
Reserve Bank of India : Objectives; Organization; Functions and Working;
Monetary policy; Credit Control Measures and their effectiveness. Introduction to
Banking Sector Reforms.
B.Com. Part-III
7
Syllabus
SECTION-C
Banking Regulation Act, 1949 : History, Social Control; Banking Regulation
Act as applicable to Banking Companies, Public Sector Banks and Co-operative Banks.
SECTION-D
Regional Rural and Co-operative Banks in India : Their functions and role
in rural development; Progress and performance.
SUGGESTED BOOKS
1.
R.K. Sharma & Shashi K. Gupta
Banking & Insurance
2.
S.C. Goyal & Jagroop Singh
Banking & Insurance
3.
L.M. Bhole
Financial Institutions & Markets
4.
P.N. Varshey
Banking Law & Practice
5.
Vesant Desai
Banks & Institutional Management
6.
Ruddar Dutt & Sundram
Indian Economy
BC 311: FUNDAMENTALS OF INSURANCE
Max. Marks : 100
Time Allowed : 3 Hours
Pass Marks : 35% of the subject
INSTRUCTIONS FOR THE PAPER SETTER
The question paper will consist of five sections: A,B,C,D and E. Section A,B,C
and D will have two questions from the respective sections of the syllabus and will
carry 15 marks each. Section E will have one question having 12 short answer type
questions (including at least four numerical type questions where numerical
questions are possible) of four marks each which will cover the entire syllabus
uniformly.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt one question each from sections A,B,C,
and D of the question paper and 10 Short answer type questions (answer to be around
50 words each) from section E.
SECTION-A
Introduction to Insurance : Purpose and need of Insurance; Insurance as a
social security tool; Insurance and economic development.
Fundamentals of Agency Law : Definition of an Agent; Agents regulations;
Insurance intermediaries; Agent's compensation.
SECTION-B
Procedure for becoming an Agent : Pre-requisite for obtaining a license;
Duration of license; Cancellation of license; Revocation of suspension/termination
of agent's appointment; Code of conduct; Unfair practices.
SECTION-C
Functions of the Agent : Proposal form and other forms for grant of cover;
Financial and medical underwritting; Material information; Nomination and
assignment; Procedure regarding settlement of policy claims.
SECTION-D
Company Profile : Organizational set-up of the Company (including LIC, ICICI
Prudential, HDFC Standard Life, TATA AIG); Promotion Strategy; Market share;
B.Com. Part-III
Syllabus
8
Important activities; Structure; Product; Actuarial Profession : Product Pricing
Actuarial aspects; Distribution Channels.
Fundamentals/Principles of Life Insurance/ Marine/ Fire/ Medical/ General
Insurance; Contracts of various kinds; Insurable Interest.
SUGGESTED BOOKS
1.
M.N. Mishra
Insurance Principles & Practices
2.
B.S. Badla, M.C. Garg &
Insurance
Fundamentals,
Environment
K.P. Singh
& Procedures
3.
S.K. Jain
Principles of Insurance
4.
Inderjeet Singh, Rakesh
Insurance Principles & Practice of
Kalyal, Sanday Arora
Insurance
5.
R.K. Sharma, Shashi K.
Banking & Insurance
Gupta & Jaswant Singh
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Computer Lab, Department of Distance Education, Punjabi University, Patiala