St. Joseph s College of Commerce (Autonomous) #163, Brigade Road, Bangalore LESSON PLAN (MODULE WISE)

Transcription

1 P a g e St. Joseph s College of Commerce (Autonomous) #63, Brigade Road, Bangalore LESSON PLAN (MODULE WISE) COURSE: B.COM., Industry Integrated SEMESTER: II SUBJECT: ACCOUNTING AND FINANCE FOR BPS Lecture hours: 60 Objective: To prepare students to understand the practical aspects of Finance and Accounts an develop skills for careers in Finance and Account related processes. Sl. No. UNIT & OBJECTIVES No. of Lecture Hours Methodology / Instructional techniques Evaluation / learning confirmation I Basics of Businesses, Outsourcing need and its Current Trend 4. Types of Business organisations, Business partnerships, Types of BPSs Merits and Demerits on various BPS options Accounting Business process cycle, evolving of Outsourcing, need for outsourcing Horizontal services, Current trend in F & a Outsourcing 2 Supply Chain 6. Activities before purchasing, Quotations, Negotiation, Costs associated with purchases etc. Raising of Purchase order, types of Orders and Contracts Warehouse receipt procedures, Returns, Issues and various documents Accounting impact, Inventory control Types of discount offered by Vendors, Basics of distribution strategies, Integration of Strategic partnering

2 2 P a g e Outsourcing and Procurement strategies, Freight negotiation, FTL payments and conditions etc. 3 Accounts receivable and Accounts payable 8. Various activities in Accounts payable and accounting impact, Types of Invoice matching and resolving issues, Payment, procedures and Mode of payment, Employee payment ( T & E cards) Debit balance, Write back, Discount adjustments and various actions, Help desk and support activities, Vendor account reconciliation Latest developments ( Vendor Portal, EDI. E-Invoicing, Tools etc.) Effective management of AP leads to working capital improvement Various activities in accounts receivable, accounting impact, Background check for customers ( D & B report, Credit rating), Credit limit, customer contract/order management) Mode of receiving payment, Actions for non- receipt, Netting off, Revenue recognition, Collection, Cash applications, Adjustment of discounts, rebate, QPS discount write off etc. Disputes handling procedures, Customer account reconciliation, Customer help desk and support activities, latest developments Effective management of AR leads to working capital improvement 4 General Ledger 2. Activities in General ledger Subsidiary and control accounts Chart of accounts and maintenance 2

3 3 P a g e Cost centre Profit centre Cost allocation Adjustment journals bank reconciliation Fixed asset maintenance 0. Inter- company- accounting and reconciliation. Tax accounting- Transactional element, Generation of final accounts Various reports ( Statutory reports, Schedules, Variance analysis) 5 Emerging trend in F & A Technology and Accounting Standards 0. s and usage of ERps Basic screens required to be understood for F & A process Basic screens required to be understood for F & A process Report generation Report generation XBRL platform Counting, Data privacy Law etc. 3

4 4 P a g e Basics of Accounting standard and Differences between various GAAP US and UK 0. Indian and IFRS 6 Controls and Compliance 0. COSO Internal Controls & Audit ISO standards( applicable to BPS) CMMI certification etc. PCI data security standard, Security Audit Data privacy and Protection SOX compliance SSAE 6 ISAE SOD, Access, Incident management, BCP etc. -8 Operating model of Business Process Services 0. Understanding transactions flows BPS technologies 4

5 5 P a g e Importance of Process documents Service Level measurements Contractual elements Governance model Internal reporting Delivery excellence Integration of support functions 0. Future challenges Books for Reference: TCS manual for accounting and finance for BPS DATES & NATURE OF CIA:. First CIA for 0 marks Assignment on different BPO and the services provided. Submission by end of st week of December Mid Term Exams 30 marks January, 20(,2,3) Second CIA for 0 marks between Feb 5-20 th, 207 Written Test/Online test Prepared By: Sumithra Approved By: ************************************** 5