COST ACCOUNTING

Module- I Introduction: Limitations of Financial Accounting; meaning, nature, scope, objectives, and importance of Cost Accounting ,Definition of cost accounting, cost accountancy, costing, Principles of costing, Installation of costing system in an organization, Techniques and methods of cost accounting, Cost Accounting Standards. Analysis and Classification of Cost : Elements of cost, Material, Labour and Overhead expenses and its classification, Analysis of Total Cost, Cost centre and Cost unit . (12 Hours) Module- II Material Cost Control (I) : Meaning of Material Control, Levels of material Control, Need and aspects, Techniques of material control, Purchase of Materials and Storing introduction, purchase of materials, purchase cycle, stores ledger, (4 Hours) Material Cost Control (II): Inventory Control tools & techniques, Perpetual Inventory System, EOQ analysis, ABC and VED Analysis, Inventory levels, Bin Card. (4 Hours) Material Cost Control (III): Pricing and accounting for materials-LIFO, FIFO, Average, Weighted Average, Base Stock method and Inflated Price Method. (4 Hours) Module- III Labor Cost: Computation and Control:- Work Study, Motion Study, Time Study, Job Evaluation, Labor Turnover ratios. (4 Hours) Methods of remunerating labor:- System of Wage payment, Time wage System, Piece Rate System, Taylors Differential Piece Rate System, Merricks Multiple Piece Rate System, Gants Task and Bonus Plan, Premium and Bonus Plan, Halsey Premium Plan, Rowan Plan. (8 Hours) Module- IV Overhead Analysis: Definition and Importance of Overheads, Classification of Overheads, Allocation, Apportionment and Absorption of Overheads. (6 Hours) Unit or output costing: Preparation of Cost Sheet, Tenders and Quotations, Treatment of Scrap. Manufacturing Account. (6 Hours) Module- V Reconciliation of Cost and Financial Accounts. Meaning and importance, Reason for difference in profits. Preparation of Reconciliation Statement, Memorandum Reconciliation Account. (6 Hours) Process Costing I : Features and application of Process Costing, Process cost sheets, treatment of normal & abnormal process loss/Gains, Scrape and Waste. (6Hours)

BUSINESS ORGANIZATION AND MANAGEMENT

Module I Foundation of Indian Business- History of Indian Business, Pre- liberalization Scenario & Post liberalization Scenario; Spectrum of Business Activities conducted in the Post- Liberalization Scenario, Manufacturing and Service Sectors-Meaning, growth in recent years and importance. Multinational corporations and Indian transnational-Meaning, growth in recent years and importance in the current scenario. (10 Hours) Module II Management in Action: Motivation Meaning, concept and Theories: Maslow, Herzberg, McGregor, and Ouchi (Only basic concept behind these theories); Communication formal and Informal Networks, Barriers and Principles; Learning Organization- Meaning, Managing Diversity- Meaning, Change management Meaning and importance. (Only definitions and importance to get a proper understanding of the topic) (12 Hours) Module III Functional aspects of business: Marketing: meaning , nature, importance and philosophies. Marketing Mix: Definition & constituents (Product: Meaning, features, types and importance; Place: - Meaning, features and importance; Price: Meaning, types of pricing decision and importance; Promotion: Meaning, Instruments and importance; Human resources: Strategies for attracting (staffing) and retaining (training and compensation) human resources . 13 Hours) Module IV Corporate Image Building: Corporate Governance: Meaning, nature and implications; Corporate Interface: External Environment- Stakeholders, Suppliers, Creditors, Investors, Customers (Basics of relationship building with all these

parties); Brand Building: Corporate Brand- Meaning, Strategies to build a corporate Brand; Brand Recall: Meaning and instruments to support brand recall; Brand Designing: Factors to be considered to design a brand ; Balance Score Card: Meaning and Importance. (13 Hours) Module V Total Quality Management: Meaning, & Importance; Factors to be considered to implement Total Quality Management ; Six Sigma Quality: Meaning , Nature and Importance. (12 Hours) In case of Module-V, definition and importance for the technical concepts is sufficient.

COMPANY LAW AND SECRETATIAL PRACTICE

Module- I Company Law- Introduction: Company form of organization, nature, concepts and scope; An introduction to Companies Act and its various amendments; Types of Companies: Limited Companies, Unlimited Companies, Private and Public Companies, Statutory Companies Corporate Veil and lifting corporate veil. (6 Hours) Formation of Companies: Promotion, Company Promoters; Incorporation; Company Registrar, Registration; Capital, Subscription, Certificate of incorporation, certificate of Commencement of Business. (6 Hours) Module- II Legal Documents: Memorandum of Association:- Definition, Clauses, Provisions and Procedures for Alteration, Articles of Association:- Definition, Contents, Provisions and Procedures for Alteration, Distinction between Memorandum and Articles of Association. Prospectus:- Contents, Statement in lieu of prospectus, Prospectus by Implication. (12 Hours) Module- III Share Capital: Types of Shares, Kinds of Share Capital, Alteration of Capital, Buy back of shares, Issue of shares at par, discount and premium, Bonus shares, Right Shares, Sweat Equity Shares. (6 Hours) Share Certificates, Share Warrant, Register of members, Index of members, Transfer and Transmission of shares, Forfeiture of shares, Conversion of Shares into Stock . (6 Hours) Module IV Secretary: Meaning and definition, Position and appointment, rights, duties, liabilities, qualifications and removal. (12 Hours) Module V Company Management: Appointment, Qualification, Rights, Responsibilities and liabilities of Directors, managing Directors. Meetings: Statutory, Annual, Extra ordinary and Board meetings, Notice, Proxies, Quorum, Motions, Voting and Resolutions.

PRINCIPLES OF INCOME TAX

Module- I Introduction: Income Tax Act, 1961, Meaning of Tax, Central and State Powers of Taxation, Direct and indirect Taxes, Definitions of Important terms, Assessement Year and Previous Year, Agricultural Income and non-agricultural income, Determination of Residential Status. Exempted Income. (12 Hours) Module-II Heads of Income: Income from Salaries: All relevant provisions of the Act and computation of salary income. (6 Hours) Income from House Property: Computation of Income under the head house Property in accordance with the provisions of the Act. (6 Hours) Module- III Profits and Gains of Business and Profession: Computation of Tax. (6 Hours)

Capital Gains: STCG and LTCG, Computation of Tax, Depreciation (3) (6 Hours) Module- IV Income from Other sources: Computation, exempted income, Income of other persons included in assessees total income, Clubbing, Aggregation and set off and carry forward. (6Hours) Income Tax Authorities. (1 Hour) Appeals and Revision (1Hour) Deductions from Gross total Income, Rebate of Income Tax. (4 Hours) Module-V Computation of Tax liability: (Individual, BOI, Societies, Firms and Companies) (9 Hours) Practical: Filing of Income Tax Returns:1. SARAL Form- 2D 2. SARAL Form- 2B 3. IT Returns Form-2 4. Application of PAN form 49-B 5. Filling of Tax Payment Chellan (9 Hours)

COMPUTER APPLICATIONS IN BUSINESS

Module - I Word processing (MS- Word): Creating & editing word documents, Formatting documents- aligning documents, indenting paragraphs, changing margin, formatting pages , formatting paragraph, printing labels, working with tables, formatting text in tables, inserting & deleting cells, rows & columns, use bulleted & numbering. Checking spelling & Grammar, working with header & footer, adding End note & foot note, Inserting Clip art, working with & creating templates, Mail Merge, Merging form documents. Module II Electronic spreadsheet (MS - Excel): Introducing Excel, use of excel sheet, saving, opening & printing workbook, Apply formats in cells & text, divide worksheet into pages, setting page layout, using multiple documents, arranging windows i.e. (cascade, tiled, split), protecting your, password protection, working with functions & formulas (12 Hours) Module III Business project management and presentation tools (MS - PowerPoint): creating presentation, working with slides, different types of slides, setting page layout, selecting background & applying designs, adding graphics to slide, adding sound, & movie, working with table, creating chart & graph, playing a slide show, slide transition, advancing slides, setting time, rehearsing timing, animating slide, animating objects, running the show from windows. (12 Hours) Module IV Database Management System: Concept of Database Management System. Drawbacks of File system, Database languages, Architecture of DBMS, Database Administrator, Functions of Database administrator, Database Users, Entity Relationship sets. Distributed Databases. (12 Hours) Introduction to C language: What is C language, Purpose of C language, Basic Programmings in C language Module V Practical based on Module-I,II,III & IV

FINANCIAL MANAGEMENT- I
Module-I

Introduction to Financial management: Objectives, Functions, Scope, Evaluation, Interface of Financial management with other Areas, Environment of Corporate Finance. Financial Goals, Profit Vs. Wealth maximization. Objectives and Principles of sound financial Planning; Long term and short financial Planning. (12 Hours) Module-II Time Value of money: Future value of Single Cash Flow, Multiple Cash Flow, Annuity, Sinking Fund Factor. Present Value of Single Cash flow, Multiple Cash Flow, Annuity, Annuity Dues, Comparison of Rates. (12 Hours) Module-III Sources of Long Term Finance: Equity, Preference Capital, Bonds, Debentures, Warrants, Term loans and Deferred Credit, Government Subsidies. (12 Hours) Module-IV Capital Structure: Introduction, Factors affecting Capital Stricture, Capital Structure Theories: Net Income Approach, Net Operating Income Approach, ModiGiliani Miller Approach, Traditional Approach. (6Hours) Operating and Financial Leverages: Their measures, Effects on profit, Analyzing alternative Financial plans, Combined leverage. (6Hours) Module-V Capital Budgeting: Meaning and Significance, Capital budgeting Process, Cost and benefits, Investment Criteria, Pay Back Period Method, Return On Investment, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Profitability Index, NPV and IRR comparison. (8 Hours) Risk Analysis in Capital Budgeting: Additional Investment Criteria, Capital budgeting under Constraints. (4 Hours)

HUMAN RIGHTS
Module-I CONCEPTUAL BACKGROUND OF HUMAN RIGHTS AND DUTIES: (i) Rights : inherent, inalienable, universal, indivisible. (ii) Values : Dignity, liberty, equality, justice, unity in diversity. (iii) Need for balance between Rights and Duties, Freedom and Responsibility. ( 6 hours) Module-II PHILOSOPHICAL AND HISTORICAL PERSPECTIVES: (i) Theories of human rights. (ii) History of human rights civilization.(iii) Human rights movements. (6 hours) Module-III INTERNATIONAL HUMAN RIGHTS STANDARDS: (i) Universal Declaration of Human Rights 1948. (ii) International Covenant on Civil and Political Rights 1966. (iii) International Covenant on Economic, Social and Cultural Rights 1966. (6 hours) Module-IV HUMAN RIGHTS AND DUTIES IN INDIA: (i) Evolution: Independence movement, making of the Constitution. (ii) Indian Constitution. (a) Fundamental Rights. (b) Directive Principles. (c) Fundamental duties. (d) Their Interrelationship. (iii) Enforcement and protection mechanism of human rights in India. (a) Judiciary. (b) National Human Rights Commission and other Commissions and Committees. (c) Non-governmental organizations. (d) Information Media. (e) Education. (6 Hours) Module-V 5. SOCIETAL PROBLEMS Core Problems: (a) Poverty, underdevelopment and illiteracy. (b) Women, children and the disadvantaged groups. (6 Hours) Compulsory Readings (Latest editions only): i. UN Charter ii. Constitution of India iii. Human Rights Act 1993 iv. Sinha, M.K. Implementation of Non-Derogation Human Rights (Delhi 1999)

BUSINESS ETHICS

Module-I Thinking conceptually about Politics: Liberty, Equality, Justice, Rights, and Recognition, The Idea of a Good society. Concept of Business Ethics (4) and Corporate Social Responsibility. (5 Hours) Module-II Domain of Politics and Ethics: Democracy and Welfare state, Market, and Globalization. (Meaning, importance and how the topics are related to the subject) (5 Hours) Module-III Approaches to Moral Reasoning: Consequentialism, Deontologism, Teleological Reasoning. (Meaning and importance), Corporate Governance- Meaning, Importance and Procedure to implement an effective Corporate Governance. (5 Hours) Module-IV Politics and Ethics in Business: Corporate Code of Ethics in:a) Environment b) Accountability c) Responsibility d) Leadership e) Diversity Module-V Corporate Social Responsibility: Arguments for and Against; Strategic Planning and Corporate Social Responsibility( Relationship and implications); Corporate Philanthropy- Meaning and importance. Cases of corruption, Corporate Scandals, Whistle Blowing, Insider Trading, Discrimination, Advertising, Consumer Rights etc.( 5 Hours)

(10 Hours)