1
Department of Accountancy and Statistics
Mohanlal Sukhadia University, Udaipur
M.Com (Accountancy & Statistics) (Semester Scheme)
Courses of Study
(Effective from July, 2015)
Paper Code Paper no. Nomenclature of Paper Maximum
Marks
Semester 1
41801 1.1 Advanced Accounting 100
41802 1.2 Service Tax Laws & Practice 100
41803 1.3 Advanced Statistical Analysis 100
41804 1.4 Security Analysis and Portfolio Management 100
41805 1.5 International Financial Reporting Standards I 100
41806 1.6 Operations Research 100
Total 600
Semester 2
42801 2.1 Advanced Cost Accounting 100
42802 2.2 Indirect Tax 100
42803 2.3 Advanced Financial Management 100
42804 2.4 International Accounting 100
42805 2.5 International Financial Reporting Standards II 100
42806 2.6 Accounting Information Systems 100 Total 600
Semester 3
43801 3.1 Government Accounting 100
43802 3.2 Income Tax 100
43803 3.3 Research Methodology and Quantitative
Techniques 100
43804 3.4 Contemporary Auditing 100
43805 3.5 International Financial Reporting Standards III 100
43806 3.6 Computer Applications in Accountancy and
Statistics 100
Total 600
Semester 4
44801 4.1 International Financial Management 100
44802 4.2 Tax Planning 100
44803 4.3 Ethics in Accounting 100
44804 4.4 Auditing Standards 100
44805 4.5 International Financial Reporting Standard IV 100
44806 4.6 Comprehensive Viva Voce 100
Total 600
Note: Comprehensive Viva-Voce shall be conducted by a panel of examiners consisting of
Senior Most Professor, HOD, and External Expert.
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M.Com Accountancy & Statistics
FIRST SEMESTER
Paper 1.1 – Advanced Accounting
Unit – I
Amalgamation of companies (Advanced) including intercompany balances,
Intercompany holdings, Internal Reconstruction including preparation and
implementation of reconstruction scheme
Unit – II
Liquidation of companies: Consequences, List ‗B‘ contributories, preferential
creditors, liquidators and receivers final statements and preparation of statement of
affairs and List ‗H‘.
Unit – III
Accounts of Holding Companies: provisions of section 129 of Companies Act 2013,
preparation of consolidated P&L a/c and Balance Sheet including intercompany and
chain holdings
Unit – IV
Accounts of Banking Companies: Provisions, schedule format, classification of assets,
provisioning norms, income recognition.
Unit – V
Financial reporting by mutual funds, NBFC, Merchant Bankers, Stock and
Commodity Markets intermediaries
Suggested Readings:
Gupta, R.L. and Radhaswami, M.: Advanced Accounts Vol. II (English & Hindi).
Khandelwal, M.C. :Higher Accounting (English & Hindi).
Maheshwari, S.N. : Advanced Accountancy Vol. II
Sehgal Ashok and Sehgal Deepak :Advance Accounting Vol. II
Shukla, M.C. and Grewal, T.S. :Advanced Accounts Vol. II (English & Hindi
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Paper 1.2 – Service Tax Laws & Practice
Unit-I
Concept and Principles: - Basic Concept of service, Basis of Charge (charging Section),
Classification of Service, declared services, Negative List, Mega Exemptions
Unit-II
Point of Taxation Rule, Reverse Charge Mechanism
Unit-III
Taxability of Some Specified services and abatements: - Education related services, Software
Services, Renting of Immovable Property, Construction Services, Works contract Services,
Manpower Supply Services, Transportation of Passengers, Transportation of Goods, Courier
Service
Unit-IV
Service relating to agriculture, Services by Financial Sector, Services by Charitable
Organization, Outdoor Catering and Restaurant Services, Service relating to Entertainment.
Unit-V
Procedural Aspects: - Threshold Exemption Limit, Registration under Service Tax, Payment
of Service Tax, Issue of Invoice, Bill, Service Tax Credit (CENVAT) to Service Providers-Capital
Goods, Inputs, Refund and transfer of credit Records and Returns, Assessment, Audit,
Interest, Penalties and Prosecution.
Suggested Readings:
Balachandran V and Thothadri, Taxation Law and Practice, PHI learning Pvt. Ltd.
Nabhi‘s Service Tax Guidelines, Nabhi Publications
Singhania, Vinod K. and Singhania, Monica – Corporate Tax Planning and Business Tax
Procedures, Taxman Publications (P) Ltd.
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Paper 1.3 – Advanced Statistical Analysis
Unit-1
Moments and Kurtosis.
Probability: mathematical expectations, Bayesian Approach.
Theoretical Frequency Distribution: Binomial, Poisson, Normal,
Unit-II
Tests of significance: Z test, t test, Chi-square test, ‗F‘ test and ANOVA (One way and Two
way)
Unit-III
Non-parametric testS: Sign test, Run test, Signed Rank Test, Kruskal Wallis Test, Median
Test, Kolmogorov-Smirnov Test, Mann-Whitney U Test, Kendall‘s Coefficient of
concordance.
Unit-IV
Statistical Decision Theory,
Partial and Multiple correlation and regression
Unit-V
Issues in Regession: Multicollinearity, Heteroscedasticity and Autocorrelation.
Suggested Readings:
Gujarati, Damodar N & Sangeetha: Basic Econometrics, Tata McGraw Hill
Gupta, S.P.:Statistical Methods, Sultan Chand & Sons, New Delhi
Gupta, B.N. : Business Statisitcs, S.B.P.D. Publicationm, Agra
Hooda, R.P. – Statistics for Business and Economics, Vikas Publishing
Nagar K.N. : lkaf[;dh ds ewy rRo Meenaskhi Prakashan, Meerut
Sancheti and Kapoor: Statistics (Theory,Methods & Application), Sultan Chand & Sons
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Paper 1.4 – Security Analysis and Portfolio Management
Unit – I
Investment – Introduction, Objective, Investment & Speculation, Investment &
Gambling, Constraints, Investment Process, forms of Investment, Investment
Opportunities Risk in Investment-- Systematic Risk, Unsystematic Risk, Return in
Investment.
Unit – II
Equity Research- Introduction, Economic Analysis, Industry Analysis, Factor Affecting
Industrial Performance, Industrial Life Cycle, Company Analysis, Financial Health
Unit – III
Technical Analysis: Introduction, Principles, Advantages, Criticism, Technical Price
Forecasting Various Indicators, Dow Theory, Chart Patterns, Difference between
Fundamental and Technical Analysis
Unit – IV
Efficient Market Theory:, Introduction, Concepts, Random Walk Theory , The Efficient
Market Hypothesis, Testing of different forms of market efficiency and their significance.
Unit – V
Portfolio Analysis: Introduction, Fundamental Principles, Portfolio Management:
Traditional and modern approaches, Markowitz Model, Sharp portfolio Optimisation and
CAPM model
Suggested Readings:
Avadhani, V.A. :Investment Management, Himalaya Publishing House
Fabozzi, Frank J.:The Institutional Investor Focus on Investment Management, Ballinger
publishing Co.
Fischer, Donald E and Jordan, Ronald T.: Security analysis and Portfolio Management,
Prentice Hall of India Ltd. (VIth Edition).
Francis, Jack Clark :Investment Analysis and Management, McGraw Hill Book Co.
Khatri Dhanesh :Security analysis and Portfolio Management, Macmillan Publisher
Sasidharan, K and Mathew Alex-- Security analysis and Portfolio Management, Tata
McGraw Hill
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Paper 1.5 – International Financial Reporting Standards – I
Unit – I
Accounting standardisation in India and U S. IASB: Meaning and scope of IFRS,
Compliance with standards, IAS Framework, Objectives, Procedure for issuing standards,
effective dates etc.
Unit – II
Inventories (IAS- 2)
Statement of Cash flow (IAS 7)
Unit – III
Accounting for taxes on income (IAS-12)
Accounting for property, Plant band Equipments (IAS- 16)
Unit – IV
Accounting for leases (IAS-17)
Revenue Recognition (IAS-18)
Unit – V
Accounting for employee benefits (IAS-19)
Accounting for government grants and disclosure of government assistance (IAS -20)
Suggested Readings:
Ghosh, T.P.:Accounting standards and Corporate Accounting Practices: Taxman
Publications, New Delhi.
Kulkarni, Shirish:International financial Reporting Standards, Sonali Publications,New Delhi.
Macjenzie, coetsee et.al, Interpretation and Aplication of International Financial Reporting
Standards, Wiley & Sons
Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx, www.deloitteifrslearning.com
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Paper 1.6: Operations Research
UNIT-1:
Introduction to operations research: Meaning, Models and Techniques. Linear programming:
Definition, mathematical formulation of linear programming models, graphical and simplex
methods for both maximising and minimising, duality
UNIT-2:
Transportation Problems: Various methods of initial feasible solution and optimal cost,
maximisation transportation problem, Prohibited routes. Assignment Problems: Introduction,
simple and unbalanced problems
UNIT-3:
Game Theory: Concept of two –persons zero sum game, pure and mixed strategy games,
saddle point, odds method and dominance methods for solving mixed strategy game.
Data Envelopment Analysis: Meaning and application of DEA (elementary)
UNIT -4:
Queuing Theory: Single chain analysis Replacement Theory: Replacement of assets with
deteriorates with time, replacement of assets which fail suddenly.
UNIT -5:
Network Analysis: application of PERT and CPM Network drawing, calculation of Floats,
Project crushing
Suggested Readings:
Agrawal, N.P.: Quantitative Techniques, Ramesh Book Depot, Jaipur.
Gupta P.K. and Hira D.S. :Operation Research, S. Chand &Company, New Delhi
Kapoor, V.K. : Operations Research,Sultan Chand & Sons, New Delhi
Kothari, C.R. : An Introduction to Operations Research, Vikas Publishing House
Vohra, N.D. : Quantitative Techniques in Management, Tata McGraw Hill, New Delhi
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M.Com Accountancy & Statistics
SECOND SEMESTER
Paper 2.1 –Advanced Cost Accounting
Unit 1:
Cost based Pricing Decisions: Pricing of finished goods, theory of price, pricing policy,
principles of product pricing, new product pricing, pricing of services and Pareto analysis
Unit-2
Decision Making: Important factors in marginal costing decisions, Pricing under special
circumstances, Make or Buy decision, Shut down or continue decision, Product mix, export
v/s local sales price mix decision
Unit-3
Throughput Accounting: Meaning, concepts, steps to increase throughput, reporting under
throughput accounting, and practical application of throughput accounting. Activity Based
Costing: Meaning, importance and characteristics, Uses and limitations, Elements and Steps
involved, Comparison of ABC with Traditional costing, Activity based management
Unit-4
Standard Costing: Accounting procedure for standard cost, Calculation and Reporting of
Cost Variances, Test of significance of variances. Target Costing: Origin, meaning
advantage, main features, cost ascertainment and pricing of products and services
Unit -5:
Cost accounting Standards: CAS 1 classification of cost, CAS-3 Overheads, and CAS-10
Direct cost. Life Cycle Costing
Suggested Readings:
Arora, M.N. :Cost Accounting, Himalaya Publishing Company, New Delhi.
Bhar, B.K. : Cost Accounting.
Drury ,Colin, Costing an Introduction, Taxmann India
Drury Colin, Management and Cost accounting, International Thompson Business Press
Horngren, C.T.: Foster, G. and Datar, S.M. – Cost Accounting: A Managerial Emphasis,
Prentice Hall of India, New Delhi.
Khan, M.Y. and Jain, P.K: Cost Accounting and Financial Management, Tata McGraw Hill
Pub. Co. Ltd., New Delhi.
Kishor Ravi M, Management Accounting, Taxmann Publication, New Delhi
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Paper 2.2 – Indirect Tax
Unit – I
Central Excise Act: Basic Concepts, Classification of goods, Valuation of goods.
Unit – II
Cenvat Credit on inputs and capital goods, Export procedure, Warehousing and S.S.I.
Unit – III
Customs Act – 1962: Basic concepts, Classification of goods, Valuation of goods and
Computation of custom duty.
Unit – IV
Central Sales Tax Act: Introduction and Definition, Interstate sales declared goods liability
and to tax on Interstate sales and Rates of Tax Determination of Taxable turnover and tax,
Registration of dealer and prescribed forms.
Unit – V
Rajasthan Value Added Tax Act, 2003: Introduction and Definition, Incidence of tax, Levy of
tax and, Rates of tax, Exempted sales, Computation of Taxable turnover and tax, Registration
of Dealers and Procedure of Assessment.
Suggested Readings:
Datey, V.S.: Indirect taxes: Law and Practice, Taxmann, New Delhi.
Jain, Kaduniya: Indirect taxes, Ramesh Book Depot, Jaipur
Patel and Choudhary :Indirect tax: Choudhary Publication, Jaipur.
.
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Paper 2.3 Advanced Financial Management
Unit 1
Time value of money: concept and relevance, Compounding techniques: future value of
single and series of cash flow, effective rate of interest, Discounting Techniques: Present
value of future cash flow and series of future cash inflow, present value of perpetuity,
Annuity due, growing perpetuity and growing annuity, applications of the concept of time
value of money: finding out implied rate of interest, number of periods, sinking fund and
deferred payment.
Unit 2:
Capital Budgeting under Risk and Uncertainty: Assumptions and types of Risk, conventional
techniques: Risk adjusted discount rate, certainty equivalent, Quantitative techniques:
Statistical, sensitivity and decision tree, Capital budgeting under capital rationing, inflation,
with unequal lives of proposal
Unit 3:
Business Valuation and corporate restructuring: conceptual framework of valuation, Methods
of valuation: Asset based, earning based, market value based, fair value based, Market value
added, Economic value added. Conceptual and financial framework of corporate restructuring
Unit 4:
Value of firm and capital structure: concept of value of firm, capital structure theories: Net
income, net operating income, traditional and Modigliani Miller, profitability and capital
structure, liquidity and capital structure, financial distress, project financing and project beta.
Unit 5:
Financial derivatives: Futures, options, SWAPS, and Credit Derivatives
Suggested Readings
Agrawal M R,: Financial management, Garima Publications, Jaipur
Halm Levy and Michael J. Alderson,Principles of Corporate Finance, S.W. College
Publication Ohio – USA.
Hampton John, J.: Financial Decision Making, Prentice Hall of India, New Delhi.
Khan and Jain,: Financial Management Text, problems and cases, Tata McGraw Hill
Prasannchandra : Financial Management, Tata McGraw Hills, New Delhi.
Pandey, I.M.: Financial Management, Vikas Publishing House, NewDelhi.
Rustagi RP,:Financial Management Theory, concepts and problems,Taxmann
Publication, New Delhi
Van Horne, J.C. and Wachowicz, J.M.: Fundamentals of Financial Management, Prentice
Hall of India, New Delhi.
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Paper 2.4 – International Accounting
Unit – I
International Accounting --Introduction, Importance, Definition, Scope, Factors affecting
accounting diversity at International level and Challenges.
Unit – II
Accounting for Foreign Currency Translations—Introduction, Need, Foreign Exchange
Exposure- Translation, Transaction & Economic, Accounting for International Transactions,
Different Approaches to Translation and Treatment of Translation Gains and Losses.
Unit – III
Foreign Exchange Risk Management—Introduction Definition, Objectives of Risk
Management of Techniques of Risk Management, Accounting Treatment of Financial
Derivatives
Unit – IV
Multinational Transfer Pricing – Introduction, Definition, Approaches, Objectives, Arm‘s
Length Principle, Transfer Pricing for Intangibles and Services.
Unit – V
International Financial Reporting and Disclosure & International Financial Statement
Analysis —Need for Transnational Reporting and Disclosure, Complexities, Disclosure
Requirements, Reporting Practices, International Financial Statement Analysis--
Introduction, Need, Techniques, Analyzing Global Financial Statements: The Complexities
Suggested Readings
Rathore, Shirin :International Accounting, Prentice Hall of India, New Delhi.
Shanmukh Saudararam : International Accounting.
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Paper 2.5 – International Financial Reporting Standards-II
Unit – I
Effects of changes in foreign exchange rates (IAS-21)
Capitalisation of borrowing costs (IAS-23)
Unit – II
Related party disclosures (IAS-24)
Accounting and reporting by retirement benefit plans (IAS-26)
Unit – III
Consolidated and separate financial statement (IAS-27)
Investments in associates (IAS-28)
Unit – IV
Financial Reporting in Hyper inflationary Economics (IAS-29)
Interest in Joint Venture (IAS-31)
Unit – V
Earnings per share (IAS-33)
Interim financial reporting (IAS-34)
Suggested Readings:
International Financial Reporting Standard, International Accounting Standard Board,
Taxmann Publication
Kulkarni, Shirish – International financial reporting standards, Sonali Publications, New
Delhi.
Macjenzie, coetsee et.al, Interpretation and Aplication of International Financial Reporting
Standards, Wiley & Sons
Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx, www.deloitteifrslearning.com
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Paper2.6 – Accounting Information Systems
Unit – I
Accounting Information Systems: Concept, Evolution, AIS Vs MIS,
Systems Techniques and Documentation: Program Flowcharts and Decision Table.
Unit – II
Transaction Processing: Revenue, Expenditure, Production and Finance.
Unit – III
Overview of Information and Communication Technology (ICT): Recent Advances,
Database and DBMS: Types.
Unit – IV
Computer System Security: Active and Passive Threats, Preventive Measures
Systems Development Life Cycle: System Analysis, System Design, System Implementation.
Unit – V
Systems Audit: Auditing Around Computer, Through Computer and With Computer Reports
for Managerial Decisions.
Suggested Readings:
Bodnar and Hopwood – Accounting Information Systems, Pearson Higher Ed, USA.
Rahmaan and Halladay – Accounting Information Systems, Prentice Hall
Romney and Steinbart – Accounting Information Systems, Pearson Education, New
Delhi.
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M.Com Accountancy & Statistics
THIRD SEMESTER
Paper 3.1 – Government Accounting
Unit – I
Objectives and Basic Principles and Characteristics of governmental accounting, System of
financial administration in India, Difference between Government system of accounting and
Commercial system of accounting
Unit – II
Revenue and expenditure accounting, Accounting for Governmental funds, accountings for
general capital assets and long term liabilities, Compilation of accounts, Annual financial
statements
Unit – III
Indian Government Accounting Standards(IGAS): IGAS-1 Guarantee given by Government:
Disclosure Requirements, IGAS-2 Accounting and Classification of Grant in Aid, IGAS-3
Loans and Advances Made by Government
Unit – IV
Accounts of Insurance Companies, Elementary knowledge of Indian Government Financial
Reporting Standards (IGFRS)
Unit – V
Accounts of electricity supply companies including double account system, Accounting for
Replacement
Suggested Readings:
Jain, D.C., Khandelwal, M.C. and Pareek, H.C. ,Higher Accounting, Ramesh Book Depot,
Jaipur.
Freeman, Shoulders and Allison et.al.: Governmental and Non-Profit Accounting, Theory
and Practice, Prentice Hall, 9th Edition.
Frederic B. Bogui: Handbook of Government Accounting, Public Administration and Public
Policy, CRC Press
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Paper 3.2 – Income Tax
Unit – I
Assessment of firms: conditions of assessment as firm, computation of book profit,
Deductions from gross total income, Minimum alternate tax provisions, computation of
incomes of partners, assessment of limited liability partnership
Unit – 11
Assessment of AOP: Computation of total Income, Computation of tax liability, rebate under
section 86, computation of income of members. Assessment of Cooperative Societies:
Definitions, computation of total income and tax liability.
Unit – III
Assessment of Companies: Definitions of different types of companies, Carry forward and
Set-off of losses in the cases of certain companies (Sec 79), Deduction from GTI (Sec. 80 G
to 80JJAA), Computation of taxable income and tax liability, Minimum Alternative Tax (Sec
115 JB).
Unit – IV
Special provisions relating to tax on distributed profits of domestic companies and mutual
funds (sec. 115-O to 115Q) and (115R to115T). Tax on Income received from venture capital
companies and venture capital funds (Sec 115 U).
Unit – V
Assessment of trusts: Meaning, Types, exemption under section 11 to 13, return of income of
charitable trusts, Taxability of the income of the trust.
Suggested Readings:
Ahuja and Gupta, ― Professional approach to Direct Taxes Law and Practice including
tax planning,‖, Bharat Law House Pvt. Ltd., New Delhi.
Mehotra, H.C. and Goyal, S.P. ― Income Tax Law and Accounts including tax planning,
Sahitya Bhawan Publications, Agra
Singhania, Vonid, and Singhania, Kapil – Direct Tax Law and Practice.
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Paper 3.3 – Research Methodology and Quantitative Techniques
Unit-I
Research: Definition, Importance, Types, steps in Research Methodolgy, Defining Research
Problems, Research Design.
Unit-II
Sampling Design, Types of Sample, Measurement and Scaling, Multi-dimensional scaling,
Research Report Writing, Referencing, Bibliography.
Unit-III
Factor Analysis, Conjoint Analysis
Unit-IV
Discriminant Analysis, Cluster Analysis
Unit-V
Decompsition Analysis, Structural Equation Modelling
Suggested Readings:
Beri, G.C. : Marketing Research, Tata McGraw Hill, New Delhi
Black, Hair et al.: Multivariate Data Analysis, Pearson (LPE)
Boyd et. al.: Marketing Research, Tata McGraw-Hill, New Delhi
Cooper, Donald R. and Schindler, Pamela S. : Business Research Methods, McGraw Hill
Education
Kothari, C.R. : Research Methodology, Nwe Age International Publishers, new Delhi
Sachdeva, J.K.: Business Research Methodology (Himalaya)
Sharma, K.R. : Business Research Methods, National Publishing House, New Delhi
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Paper 3.4 – Contemporary Auditing
Unit – I
Audit of Limited Companies: Auditors responsibility, Statutory requirement under
Companies Act, Audit of branches and Joint Audit. Concept of true and fair, concept of
materiality in the context of audit companies.
Unit – II
Auditor's Report: Certificate and Report, Types of Audit Report, special reports on
prospectus, dividends and divisible profits and depreciation.
Unit – III
Audit under different provisions of Income Tax Act, Special features of audit of banks,
Insurance companies and Cooperatives Society, Rights, duties and liabilities of auditors,
Third party liability, Nature and extent
Unit – IV
Non-financial Audit Management Audit, Proprietary Audit, Cost Audit, Environment Audit
and Efficiency Audit.
Unit-V
Social Audit: Model of MNAREGA , Findings of Aruna Roy Committee Report.
Suggested Readings:
Gupta Kamal: Contemporary Auditing, Tata McGraw-Hill New Delhi
Jha Aruna : Students Guide to Auditing and Assurance,Taxmann Publication
Sharma T.R. : Auditing, Sahitya bhawan publications
Tandon. B.N. – A Handbook of Practical Auditing
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Paper 3.5 – International Financial Reporting Standards-III
Unit – I
Impairment of Assets (IAS-36)
Provisions, Contingent liabilities and Contingent Assets (IAS-37)
Unit – II
Intangible Assets (IAS-38)
Financial Instruments Recognition and Measurement (IAS-39)
Unit – III
Investment property (IAS-40)
Agriculture (IAS-41)
Unit – IV
IFRS-1 First time adoption of IFR standards
IFRS-2 Share based payment.
Unit – V
IFRS-3 Business Combinations
IFRS-4 Insurance Contracts
Suggested Readings:
International Financial Reporting Standard, International Accounting Standard Board,
Taxmann Publication
Kulkarni, Shirish – International financial reporting standards, Sonali Publications, New
Delhi.
Macjenzie, coetsee et.al, Interpretation and Aplication of International Financial Reporting
Standards, Wiley & Sons
Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx, www.deloitteifrslearning.com
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Paper 3.6: Computer Application in Accountancy and Statistics
Unit 1
Basics of excel worksheet: meaning and application of worksheet, fx functions, Audit
toolbar, Graphics, conditional formatting, combo box, Controls, Scenarios, Goal seek, Auto
correct, Hiding rows and columns, Function keys, cell referencing, creating formulae, PIVOT
tables, MACROS, Sorting, Filtering, Shortcut keys.
Unit 2
Excel financial functions: Simple interest, compound interest, present value, compound
annual growth rate. Excel Statistical function: Measurement of central tendency, measures of
dispersion, linear correlation (Karl Pearson and spearman), regression coefficient by Using
excel sheet.
Unit 3
Tally ERP accounting package: Basic Concepts- setting up new company, setting up
account heads, groups, creating multiple ledgers. Voucher: Create voucher, voucher entry
along with VAT and Service taxes. Books of accounts: Generating books of accounts,
generating reports, Day books.
Unit 4
Tally ERP accounting package - Financial analysis Tools: Cash flow statement, ratio
analysis, VAT and service tax report Budget VS Actual Expenditure, Tally audit, export and
import data, EOQ stock levels, Problems: problems of accounting software package, security
problem, data integrity problem, virus problem
Unit 5
SPSS package: Frequencies, bar chart, Histogram, Descriptive statistics, cross tabulation &
chi square test, Correlation, Regression, T test, ANOVA, Non-parametric tests
Suggested Readings:
Bodhanwala ,Ruzbeh J, Financial Management using Excel Spreadsheet, Taxmann
publication.
Darren ,George and Mallery Paul, SPSS for Windows STEP BY STEP, Pearson
Publication tenth edition.
Davis ,Glyan & Branko Pecar, Business Statistics using Excel, Oxford university press.
Special Rule for Examination:
Examination of this paper shall comprise only practical of three hours duration.
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M.Com Accountancy & Statistics
FOURTH SEMESTER
Paper 4.1 - International Financial Management
Unit – I
International Financial Management: Concept, MNCs: The key Participants in International
Financial Functions, Nature, Scope of IFM, Goals for IFM, International Vs Domestic
Financial Management.
International Financial Instruments: GDR, ADR, IDR.
Unit – II
Balance of Payments: Structure, Accounting Principles in BOP, Components of the BOPs,
Equilibrium, Disequilibrium and Adjustments.
Unit – III
International Investment Decisions: Foreign Direct Investment: Meaning, Theories of FDI,
Costs and Benefits of FDI and Strategy for FDI.
Financial Swaps: Interest-Rate Swap, Currency Swap and Equity Swap, Some aspects of
Swap Management.
Unit – IV
Financing of Foreign Trade: Foreign Trade Documentation, Modes of Payment in
International Trade, Methods of Trade Financing
International Indebtedness: External Resources and Development, Nature and Magnitude of
External Debt, Factors behind the Debt Crisis and Management of External Indebtedness.
Unit – V
Foreign Exchange Market Structure of the Forex Markets, Distinctive features, Major
Participants, Spot Market, Forward Market, Market for Currency Futures, Market for
Currency Options.
Suggested Readings:
Agarwal, O.P. : International Financial Management, Himalaya Publishing House,
Mumbai.
Alan, C. Shapiro : Multinational Financial Management, Willey India, New Delhi.
Apte, P.G. : International Financial Management, McGraw Hill Publishing, New Delhi.
Bhalla V.K. : International Financial Management, Anmol Pub., New Delhi.
EUN and Resnick. : International Financial Management, Tata McGraw Hill, New Delhi.
Jeff Madura : International Financial Management, South-western Cengage Learning,
USA.
Maurice, D. Levi : Internation Finance, Tata McGraw Hill, New Delhi.
Sharan, V. : International Financial Management, PHI, New Delhi.
Somnath, V.S. : International Financial Management, I.K. International Pub. House, New
Delhi.
21
Paper 3.3 – Tax Planning
Unit I
Introduction: tax planning, tax avoidance and tax evasion, objective of tax planning, Tax
planning special reference to residential status, salary, Income from house property, capital
gain and clubbing of income.
Unit – II
Tax Planning with reference to Location, Nature, size and form of Organisation of New
Business.
Unit – III
Tax Planning for Financial Management Decisions: Tax Planning relating to Capital
Structure Decision, Dividend Policy, Inter Corporate Dividend and Bonus Shares.
Unit – IV:
Tax Planning for Managerial Decision: Tax Planning in respect of Own or Lease, Sale of
assets used for Scientific Research, Make or Buy Decisions, Repair, Replace, Renewals or
Renovation and Shut Down or Continue Decisions.
Unit – V:
Special Tax Provision: Tax Provision relating to Free Trade Zones, Infrastructure Sector and
Backward Areas, Tax Incentives for Exporters, Tax Planning with reference to
Amalgamation of companies.
Suggested readings:
Ahuja and Gupta, ― Professional approach to Direct Taxes Law and Practice including
tax planning,‖, Bharat Law House Pvt. Ltd., New Delhi.
Mehotra, H.C. and Goyal, S.P. , ― Income Tax Law and Accounts including tax planning,
Sahitya Bhawan Publications, Agra
Singhania, Vinod K. and Singhania, Monica – Corporate Tax Planning and Business
Tax Procedures, Taxman Publications (P) Ltd.
22
Paper 4.3: Ethics in Accounting
Unit I
Ethics: Meaning, Concept, Sources, Ethics, Ethos and Values. Ethical dilemma Need and
Significance of Ethics in Business and Accounting Indian Ethos: Concept, Sources and
Salient features.
Unit II
Corporate Governance, Concept, Purpose, SEBI Clause 49 Corporate Social Responsibility:
Evolution, concept, Arguments for and against, Barriers CSR accounting and audit.
Unit-III
Work Ethics and Swadharma Gandhian Approach, Theory of Trusteeship, Karma Yoga and
Self Management concepts in Bhagvadgita
Unit-IV
Dark side of Business: White-Collar Crime, Cooking the books. Cases of Enton, Arthur-
Andreson, Satyam
Unit-V
Professional Codes of Conduct of ICAI and AICPA
Suggested Readings:
Albrecht, W.S.: Ethical issues in Practice of Accounting ,South Western
Chattopadhyay, P.: Sins of Multinational Companies,IAA Research Foundation
Gupta, Dipanker: Ethics Incorporated ,Response Books
Khandelwal, N.M. :Ethics and Indian Ethos in Management, Pacific
Nilkant, V. & Ramnarayan S.: Change Management, Response Books
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Paper 4.4 – Auditing Standards
Unit – I
Introduction of International Auditing and Assurance Standard Board (IAASB) and auditing
standards in India SA 200: Overall Objectives of the Independent Auditor and the Conduct of
an Audit in Accordance with Standards on Auditing. SA 210: Agreeing the Terms of Audit
Engagements.
Unit – II
SA220: Quality Control for an Audit of Financial Statements. SA230: Audit Documentation.
SA240: The Auditor‘s Responsibilities Relating to Fraud in An Audit of Financial
Statements.
Unit – III
SA 299: Responsibility of Joint Auditors. SA315: Identifying and Assessing the Risk of
Material Misstatement through Understanding the Entity and Its Environment. SA320:
Materiality in Planning and Performing an Audit.
Unit – IV
SA 402: Audit Consideration Relating to an Entity Using a Service Organisation SA500:
Audit Evidence. SA 501: Audit Evidence – Specific Considerations for Selected Items.
Unit – V
SA530: Audit Sampling. SA540: Auditing Accounting Estimates, Including Fair Value
Accounting Estimates, and Related Disclosures. SA570: Going Concern.
Suggested Readings :-
Bumb, Manish K. : Auditing, Ashoka Law Pub., Udaipur.
Jha, Aruna : Auditing and Assurance, Taxmann, New Delhi.
Rawat, D.S. : Auditing Standards,Taxmann, New Delhi.
Steven Collings : Interpretation and Application of International Standards on Auditing,
Wiley.com., USA.
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Paper 4.5 – International Financial Reporting Standards-IV
Unit – I
IFRS -5 Non –current Assets Held for sale and Discontinued operations
IFRS-6 Exploration for and Evaluation of Mineral Assets
Unit – II
IFRS-7 Financial Instruments Disclosure
IFRS-8 Operating Segments
Unit III
IFRS- 9 Financial Instruments
IFRS -10 Consolidated Financial Statement
Unit – IV
IFRS- 11 Joint Arrangements
IFRS -12 Disclosure of Interest in other entities
Unit V
IFRS-13 Fair Value Measurement
Contemporary Developments (if any)
Suggested Readings:
Ghosh, T.P. – Accounting standards and Corporate Accounting Practices: Taxman
Publications, New Delhi.
Jawahar Lal – Accounting Theory and Practice, Himalaya Publishing House, Delhi.
Kulkarni, Shirish – International financial reporting standards, Sonali Publications, New
Delhi.
Website: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx
Paper 4.6 – Comprehensive Viva Voce
The viva voce shall be conducted at the end of examination of all theory papers. This shall
comprehensively cover the aspects of the subject and contemporary developments.