Name of the Program: Bachelor of Commerce (B.

Com)
Course Code: [Link] 6.1
Name of the Course: ADVANCED FINANCIAL MANAGEMENT
Course Credits No. of Hours per week Total No. of Teaching Hours
4 Credits 4 Hrs 60 Hrs
Pedagogy:
Classroom lecture, Case studies, Group discussion, Seminar & field work etc.,
Course Outcomes:
On successful completion of the course, the Students will be able to,
a) Understand the various concepts of Cash Flows
b) Understand and determine the overall Cost of Capital
c) Comprehend the different advanced Capital Budgeting techniques
d) Understand the importance of Dividend Decisions
e) Evaluate Mergers and Acquisition
Syllabus
Module: 1 – CASH FLOWS CONCEPTS & MEASUREMENTS 12 Hrs
Cash Flow: Introduction & Meaning, Utility of Cash Flow Measurements, Classification of Cash Flows,
Benefits from using Cash Flows; Concepts of Cash Flows: Discounted Cash Flow Analysis, Financing Flows,
Free Cash Flow, Investment Flows, Liability Swap, Net Present Value, Operating Cash Flows, Payout Period,
Price to Cash Flow Ratio
Cash Flow & Capital Budgeting, Principles of Cash Flow Estimation, Factors influencing Cash Flow
Estimation, Relationship between Cash Flow & Profit, Incremental Cash Flows
Components of Cash Flows: Initial Investment, Annual Cash Flows & Terminal Cash Flow
Module: 2 – RISK ANALYSIS IN CAPITAL BUDGETING 14 Hrs
Risk Analysis: Introduction, Meaning, Types of Risks – Systematic & Unsystematic Risks, Risk and
Uncertainty
Techniques of Measuring Risks: RADR, Certainty Equivalent Approach, Sensitivity Analysis, Probability
Approach, Standard Deviation and Co-efficient of Variation –Decision Tree Analysis (Problems)
Module: 3 – COST OF CAPITAL AND CAPITAL STRUCTURE THEORIES 14 Hrs
Cost of Capital: Meaning, Definition, Significance
Computation of Cost of Capital – Specific Cost – Cost of Debt – Cost of Preference Share Capital – Cost
of Equity Share Capital – Weighted Average Cost of Capital – Problems.
Theories of capital structures: Concept of Relevant & Irrelevant Theories, Net Income Approach, Net
Operating Income Approach, Traditional Approach and MM Hypothesis – Problems.
Module: 4 – DIVIDEND THEORIES 10 Hrs
Dividend Decisions: Introduction, Meaning & Definition, Types of Dividends, Types of Dividends
Polices, Significance of Stable Dividend Policy, Determinants of Dividend Policy
Dividend Theories: Theories of Relevance & Theory of Irrelevance - Walter’s Model and Gordon’s Model
and The Miller-Modigliani (MM) Hypothesis - Problems
Module: 5 – MERGERS & ACQUISITIONS 10 Hrs
Mergers & Acquisitions: Meaning, Types of Combinations, Types of Merger, Motives and Benefits of
Merger
Financial Evaluation of a Merger, Merger Negotiations, Leverage Buyout, Management Buyout
Meaning and Significance of P/E Ratio.
Problems on Exchange Ratios based on Assets Approach, Earnings Approach and Market Value Approach
and Impact of Merger on EPS, Market Price and Market capitalization.

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SKILL DEVELOPMENT ACTIVITIES:
1. Visit an organisation in your town and collect data about the financial objectives.
2. Compute the specific cost and Weighted average cost of capital of an Organisation, you
have visited.
3. Case analysis of some live merger reported in business magazines.
4. Meet the financial manager of any company, discuss ethical issues in financial
management.
5. Collect the data relating to dividend policies practices by any two companies.
6. Any other activities, which are relevant to the course.
BOOKS FOR REFERENCE
1. I M Pandey, Financial management, Vikas publications, New Delhi.
2. Abrish Gupta, Financial management, Pearson.
3. Khan & Jain, Basic Financial Management, TMH, New Delhi.
4. S N Maheshwari, Principles of Financial Management, Sultan Chand & Sons, New
Delhi.
5. Chandra & Chandra D Bose, Fundamentals of Financial Management, PHI, New Delhi.
6. B. Mariyappa, Advanced Financial Management, Himalaya Publishing House, New
Delhi.
7. Ravi M Kishore, Financial Management, Taxman Publications
8. Prasanna Chandra, Financial Management, Theory and Practice, Tata McGraw Hill.
Note: Latest edition of textbooks may be used

51
 Name of the Program: Bachelor of Commerce ([Link])
Course Code: [Link] 6.2
Name of the Course: INCOME TAX LAW & PRACTICE - II
Course Credits No. of Hours per week Total No. of Teaching Hours
4 Credits 4 Hrs 60 Hrs
Pedagogy:
Classroom lecture, Case studies, Group discussion, Seminar & field work etc.,
Course Outcomes:
On successful completion of the course, the Students will be able to,
a) Understand the procedure for computation of income from business and other Profession.
b) The provisions for determining the capital gains.
c) Compute the income from other sources.
d) Comprehend the assessment procedure, TDS and advances tax ruling.
e) Identify the various deductions under section 80.
f) Comprehend the procedure for computation of Total Income and tax liability of an individual
Syllabus
Module: 1 – PROFITS AND GAINS OF BUSINESS AND PROFESSION 16 Hrs
Introduction-Meaning and Definition of Business, Profession and Vocation. - Expenses & Losses: Expressly
Allowed & Disallowed; Expenses Allowed on Payment Basis. Problems on Computation of Income from
Business of a Sole Trading Concern – Problems on Computation of Income from Profession: Medical
Practitioner - Advocate and Chartered Accountants.
Module: 2 – CAPITAL GAINS 12 Hrs
Introduction - Basis for Charge - Capital Assets - Types of Capital Assets – Transfer - Computation of
Capital Gains – Short Term Capital Gain and Long-term Capital Gain - Exemption under section 54, 54B,
54EC, 54D, 54F, and 54G - Problems
Module: 3 – INCOME FROM OTHER SOURCES 12 Hrs
Introduction - Incomes Taxable under Head Income Other Sources – Securities - Types of Securities -
Rules for Grossing up. Ex-interest and Cum-interest Securities. Bond Washing Transactions -
Computation of Income from Other Sources.
Module: 4 – SET OFF AND CARRY FORWARD OF LOSSES, CHAPTER VIA DEDUCTIONS, TDS
& ADVANCE TAX 10 Hrs
Set Off and Carry Forward of Losses: Introduction – Provisions of Set off and Carry Forward of Losses
(Theory only) -
Deductions under Section 80C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80TTA
and 80U (Individuals only).
TDS and Advance Tax: Introduction - Meaning of TDS - Filing of Quarterly Statement; Advance Tax:
Meaning & Concept of Advance Tax- Installment of Advance Tax and Due Dates
Module: 5 – ASSESSMENT PROCEDURE 10 Hrs
Introduction - Due date of Filing Returns, E-filing of Returns, Types of Assessment, Permanent Account
Number -Meaning, Procedure for obtaining PAN

Assessment of Individuals: Computation of Total Income and Tax Liability of an Individual (Both New &
Old Regime)
SKILL DEVELOPMENT ACTIVITIES:
1. Visit any chartered accountant office and identify the procedure involved in the
computation of income from profession.
2. List out the different types of capital assets and identify the procedure involved in the
computation of tax for the same.

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 3. List out the steps involved in the computation of income tax from other sources and
critically examine the same.
4. Identify the Due date for filing the returns and rate of taxes applicable for individuals.
5. Any other activities, which are relevant to the course.
BOOKS FOR REFERENCE
1. Mehrotra H.C and Goyal, Direct taxes, Sahithya Bhavan Publication, Agra.
2. Vinod Singhania, Direct Taxes, Taxman Publication Private Ltd, New Delhi.
3. Gaur and Narang, Law and practice of Income Tax, Kalyani Publications, Ludhiana
Note: Latest edition of textbooks may be used

53
 Name of the Program: Bachelor of Commerce ([Link])
Course Code: [Link] 6.3
Name of the Course: MANAGEMENT ACCOUNTING
Course Credits No. of Hours per week Total No. of Teaching Hours
4 Credits 4 Hrs 60 Hrs
Pedagogy:
Classroom lecture, Case studies, Group discussion, Seminar & field work etc.,
Course Outcomes:
On successful completion of the course, the Students will be able to,
a) Demonstrate the significance of management accounting in decision making.
b) Analyse and interpret the corporate financial statements by using various techniques.
c) Compare the financial performance of corporates through ratio analysis.
d) Understand the latest provisions in preparing cash flow statement.
e) Analyse the Financial Statement through Fund Flow Analysis
f) Comprehend the significance of management reporting and examine the corporate reports for
Management Review and Governance.
Syllabus
Module: 1 – INTRODUCTION TO MANAGEMENT ACCOUNTING AND FINANCIAL
STATEMENT ANALYSIS 16 Hrs
Management Accounting – Concept–Meaning and Definition-Significance-Scope - Objectives and Functions -
Difference between Financial Accounting, Cost Accounting and Management Accounting - Advantages and
Limitations of Management Accounting - Management Accountant: Role and Functions of Management
Accountant.
Financial Statements Analysis & Interpretations-Meaning and definition of Financial Analysis, Types of
Analysis, Techniques of Financial Analysis- Comparative Statements, Common Size Statements and Trend
Analysis– (Problems with comments on Solvency, Liquidity, Profitability and Productivity in case of B/S and
on CGS, G/P, Operating Profit and N/P in case of Income Statement)
Module: 2 – RATIO ANALYSIS 16 Hrs
Ratio Analysis: Introduction, Meaning and Definition, Uses, Limitations-Classification of Ratios
Financial Ratios:
Liquidity ratios: Current ratio, Liquid Ratio and Absolute Liquid Ratio;
Solvency ratios: Debt Equity ratio, Proprietary Ratio and Capital Gearing Ratio,
Turnover Ratios: Inventory Turnover Ratio - Debtors Turnover Ratio, Debt Collection Period - Creditors
Turnover Ratio -Debt Payment Period, Assets Turnover Ratio,
Profitability Ratios: Gross Profit Ratio - Net Profit Ratio – Operating Ratio and Operating Profit Ratio.
Earnings Per Share and Price Earnings Ratio, Return on Capital Employed;
Problems on Ratio Analysis - Preparation of Financial Statements with the help of Accounting Ratios
Module: 3 – FUND FLOW ANALYSIS 12 Hrs
Concept and Meaning of Fund, Fund Flow Statement-Meaning, Definition, Uses and Limitations.
Preparation of Fund Flow Statement-Statement of Changes in Working Capital-Statement of Fund from
Operation-Statement of Sources and Application of Funds
Module: 4 – CASH FLOW ANALYSIS 12 Hrs
Introduction- Meaning and Definition, Merits and De-merits. Cash and Cash Equivalent; Differences
between Fund Flow and Cash Flow Statements; Provision of Ind AS 7 - Classification of Cash Flows-
Procedure of Cash Flow Statement
Preparation of Cash Flow Statement as per Ind AS 7

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Module: 5 – MANAGEMENT REPORTING 4 Hrs
Meaning, Requisites of a Good Report, Principles of Good Report. Reports on Management Review and
Governance: Introduction- Annual Report on CSR –– Corporate Governance Report.
SKILL DEVELOPMENT ACTIVITIES:
1. Meet Management accountant and discuss his role in decision making in an Enterprise.
2. Collect financial statements of any one corporate entity for two year and prepare a comparative
statement and analyse the financial position.
3. Collect financial statements of any one corporate entity, analyse the same by using ratio
analysis.
4. Prepare a cash flow statement
5. Prepare a Fund Flow Statement
6. Collect reports of any two corporates, analyse the management review and governance of the
same.
7. Any other activities, which are relevant to the course
BOOKS FOR REFERENCE
1. Study Materials of ICAI on Management Accounting (Updated)
2. Study Materials of ICMAI on Management Accounting
3. Charles T. Horngren, Gary L. Sundem, Dave Burgstahler, Jeff O. Schatzberg
4. Introduction to Management Accounting, Pearson Education.
5. Khan, M.Y. and Jain, P.K. Management Accounting. McGraw Hill Education.
6. Arora, M.N. Management Accounting, Vikas Publishing House, New Delhi
7. Maheshwari, S.N. and S.N. Mittal, Management Accounting. Shree Mahavir Book
Depot, New Delhi.
Note: Latest edition of textbooks may be used

55
 Name of the Program: Bachelor of Commerce ([Link])
Elective Code: [Link] A2
Name of the Course: Accounting Elective 2 - INDIAN ACCOUNTING STANDARDS – II
Course Credits No. of Hours per week Total No. of Teaching Hours
4 Credits 4 Hrs 60 Hrs
Pedagogy:
Classroom lecture, Case studies, Group discussion, Seminar & field work etc.,
Course Outcomes:
On successful completion of the course, the Students will be able to,
a) Understand the preparation of consolidated financial statements as per Ind AS
b) Learn the disclosures in the financial statements
c) Understand the latest provisions of measurement-based accounting policies.
d) Comprehend the Accounting and Reporting of Financial Instruments
e) Analyse the Revenue based accounting standard.
Syllabus
Module: 1 – CONSOLIDATED FINANCIAL STATEMENT (IND AS 110) 12 Hrs
Holding Company: Meaning and Definition; Subsidiary Company: Meaning and Definition; Steps in
Preparation of Consolidated Financial Statements; Capital Profit, Revenue Profit, Non-controlling
Interest and Goodwill or Capital Reserve, Unreleased Profit, Mutual Indebtedness.
(Problems on Preparation of Consolidated Balance Sheet, Non-controlling Interest & Goodwill)
Module: 2 – DISCLOSURES IN THE FINANCIAL STATEMENTS 12 Hrs
Employee Benefits (Ind As 19); Earnings Per Share (Ind AS 33); Lease (Ind AS 116), Share Based
Payment (Ind AS 102)
Module: 3 – MEASUREMENT BASED ON ACCOUNTING POLICIES 12 Hrs
Accounting Policies, Changes in Accounting Estimates and Errors (Ind AS 8); First time Adoption of Ind
AS (Ind As 101); Accounting for Government Grants and Disclosure of Government Assistance (Ind AS
20); Share Based Payment (Ind AS 102)
Module: 4 – ACCOUNTING AND REPORTING OF FINANCIAL INSTRUMENTS 12 Hrs
Presentation of Financial Instruments (Ind AS 32): Meaning, Financial Assets, Financial Liabilities;
Presentation Recognition and Measurement of Financial Instruments (Ind AS 39): Initial and Subsequent
Recognition and Measurement of Financial Assets and Financial Liabilities, Derecognition of Financial
Assets and Financial Liabilities; Disclosures of Financial Instruments (Ind AS 107)
(Problems on IND AS 39)
Module: 5 – REVENUE BASED ACCOUNTING STANDARD 12 Hrs
Revenue from Contracts with Customers (Ind AS 115); Fair Value Measurement (Ind AS 113); Contract,
Practical Provisions and Problems on the above Standards
SKILL DEVELOPMENT ACTIVITIES:
1. Prepare consolidated Balance sheet with imaginary figures.
2. Make a list of Indian Accounting Standards
3. Make disclosures of any five Indian Accounting Standards.
4. Study the compliance with the requirements of Indian Accounting standards as disclosed in
the Notes to Accounts in Annual Reports
BOOKS FOR REFERENCE
1. Study material of the Institute of Chartered Accountants of India
2. Anil Kumar, Rajesh Kumar and Mariyappa, Indian Accounting Standards, HPH
3. Miriyala, Ravikanth, Indian Accounting Standards Made Easy, Commercial Law Publishers
4. [Link] IFRS for India, , Snow white publications.

56
 5. CA Shibarama Tripathy Roadmap to IFRS and Indian Accounting Standards
6. Ghosh T P, IFRS for Finance Executives Taxman Allied Services Private Limited.
Note: Latest edition of text books may be used.

57
 Name of the Program: Bachelor of Commerce ([Link])
Elective Code: [Link] F2
Name of the Course: Finance Elective 2 – INVESTMENT MANAGEMENT
Course Credits No. of Hours per week Total No. of Teaching Hours
4 Credits 4 Hrs 60 Hrs
Pedagogy:
Classroom lecture, Case studies, Group discussion, Seminar & field work etc.,
Course Outcomes:
On successful completion of the course, the Students will be able to,
a) Understand the concept of investments, its features and various instruments.
b) Comprehend the functioning of secondary market in India.
c) Underline the concept of risk and return and their relevance in purchasing and selling of
securities.
d) Illustrate the valuation of securities and finding out the values for purchase and sale of
securities.
e) Demonstrate the fundamental analysis to analyse the company for purchase and sale of
f) securities and technical analysis for trading in the share market
Syllabus
Module: 1 – CONCEPT OF INVESTMENT 12 Hrs
Investment: Introduction, Meaning, Attributes, Objectives & Constraints; An Overview of Various
Investment Avenues; Investment & Speculation, Features of a Good Investment, Investment Process.
Module: 2 – FUNDAMENTAL ANALYSIS 14 Hrs
Fundamental Analysis: Economic Analysis, Industry Analysis & Company Analysis
Valuation of Securities: Valuation of Bonds and Debentures and Preference Shares, Equity Shares-
No growth rate, Normal growth rate and Super normal growth rate.
Module: 3 – RISK & RETURN 12 Hrs
Risk and Return Concepts: Concept of Risk, Types of Risk- Systematic Risk, Unsystematic Risk,
Portfolio Risk and Return: Expected Returns of a Portfolio, Calculation of Portfolio Risk and Return
Module: 4 – TECHNICAL ANALYSIS 12 Hrs
Technical Analysis – Concept, Theories- Dow Theory, Eliot Wave Theory; Support & Resistance Levels;
Charts: Types, Trend and Trend Reversal Patterns.
Indicators & Oscillators – Moving averages – SMA & EMA, RSI, Bollinger Bands
Market Efficiency and Behavioural Finance: Random Walk and Efficient Market Hypothesis, Forms of
Market Efficiency
Module: 5 – PORTFOLIO MANAGEMENT 10 Hrs
Portfolio Management: Meaning, Need, Objectives, Process of Portfolio management, Selection of
Securities and Portfolio Analysis; Construction of Optimal Portfolio; Portfolio Performance Evaluation
(Theory only)
SKILL DEVELOPMENT ACTIVITIES:
1. Collect and compare the data on financial instruments selected for investment from any five
investors.
2. Open DEMAT account, learn how to trade in stock market and submit the report on prospectus
and challenges of stock trading.
3. Discuss with investors on systematic and unsystematic risk analysis, submit report on the same.
4. Calculate the intrinsic value of any five bonds listed on BSE / NSE, making necessary
assumptions.
BOOKS FOR REFERENCE
1. Bodie ZVI, Kane Alex, Marcus J Alan and Mohanty Pitabas., Investments, Tata McGraw

58
 Hill Publishing Company Limited, New Delhi.
2. Sharpe F. William, Alexander J Gordon and Bailey V Jeffery, Investments, Prentice Hallof
India Private Limited, New Delhi.
3. Fischer E Donald and Jordan J Ronald., Security Analysis and Portfolio Management,
Prentice Hall of India Private Limited, New Delhi.
4. Kevin S., Portfolio Management, PHI, New Delhi.
5. Punithavathy Pandian, Security Analysis and Portfolio Management, Vikas Publishing
House Private Limited, New Delhi
6. Prasanna Chandra, Investment Analysis and Portfolio Management, Tata McGraw Hill
Publishing Company Limited, New Delhi
Note: Latest edition of text books may be used.

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