NorthMaharashtraUniversity, Jalgaon

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1 2011 NorthMaharashtraUniversity, Jalgaon FACULTY OF COMMERCE & MANAGEMENT Master of Commerce (M. Com. SEM-III) (w.e.f.: June-2011)

2 North Maharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Compulsory Paper: Paper 301 Management Accounting 1 Introduction To Management Accountancy (08) 1.1 Meaning, Nature, Scope, & significance. 1.2 Role & Function of management accountant. 1.3 Tool s & technique of management accountant. 1.4 Financial, Cost and Management Accounting And their inter- relationship accountancy cycle. 1.5 Management accountant- qualification, duties and Rights. 1.6 Merits & demerits Of management accounting 1.7 Use of Computers in management accounting 2 Management Audit (06) 2.1 Meaning, nature, objective, scope & importance 2.2 Merits and Limitation Of management Audit 2.3 Difference Between Management Audit And Statutory audit 2.4 Qualification, duties and role of the management auditor. 2.5 Drafting reports for managerial effectiveness. 3 Analysis and interpretation of financial statements (06) 3.1 Introduction, significance, advantages and limitation Of financial statements. 3.2 Tools and techniques Of financial Analysis 3.3 Comparative financial Statement and trends ratio or analysis 3.4 Inter-firm comparison requirements, advantages and limitation. 4 Ration analysis (08) 4.1 Nature, interpretation, classification of ration. 2

3 4.2 Advantages, role and limitation of a ration analysis. 4.3 Liquidity ratio, activity ratios, profitability and solvency ratio. (Computation & analysis of ration) 5 Budget & budgetary Control (10) 5.1 Meaning, definition and scope of budget and Budgetary Control. 5.2 Objective, advantages, limitation, role and significance of budgetary Control 5.3 Types of budget- operating, financial and capital budget. 5.4 Preparation of flexible budget, production budget, sales budget and master budget. 6 Standard costing and classification of variances (10) 6.1 Meaning, definition and scope and standard cost and standard costing. 6.2 Merits, significance, limitation of standard costing 6.3 Types and concepts of slandered cost, difference between standard costing and budgetary control. 6.4 Classification of variance Material variances Labor Variances Fixed And Variable Overheads Cost variances REFERENCE BOOKS: 1. Management Accounting - M.Y. Khan & P.K. Jain - TMH 2. Principal Of Management accounting - ManmohanGoyal 3. Management Accounting - Murthy - TMH 4. Fundamental Of Management accounting - R.N. Anthony 5. Fundamental Of Management Accounting - P.K. Ghosh& G.S. Gupta 6. Guide To Management Accounting - Nagaratnam 7. Principal Of Management Accounting - S.N. Maheshwan 8. Management Accounting - M.A. saraf 9. Management Accounting - Murphy 10. Management Accounting - J.betty 3

4 11. Management Accounting - S.B. Chaudhari 12. Management Accounting - Hingorani 13. Management Information System - Kanter Prentice hall of India 14. M.I.S - Chacko G.K[New York] 15. Information System For Modern Management - [Prentice hall Of india] Mendik& Rose 16. The Management Accountant - Journal Of Institute Of Cost & works accounts Of India 17. Cost Accounting And Financial Management - Ravi M.Kishor 18. Management Information System - P.Mohan 4

5 NorthMaharashtraUniversity, Jalgaon (NACC Accredited B GradeUniversity) SEMESTER: III Compulsory Paper: Paper 302 Entrepreneurship Development 1. Introduction to Entrepreneurship: (10) Definition - Concept - Theories of entrepreneurship - Classification and types of entrepreneurs - Entrepreneurial traits Entrepreneurial Motivation. Entrepreneurship Environment: Social - Cultural - Political - Natural - Geographic - Technological - Economic - Environment and its impact on Entrepreneurship. 2. Institutions in aid of entrepreneurs: (10) Entrepreneurship Training Institutions. Methods of training, Management Development Institutes National Institute of Entrepreneurship and Small Business Development, Entrepreneurship Development Institute of India. Institutes of Entrepreneurship Development. 3. Problems of Entrepreneurship: (06) Globalization and challenges before the Indian Entrepreneurs Environment and responsibility of Entrepreneurs. 4. Location and ownership of an Enterprise: (08) Introduction - Need and importance of enterprise location - Steps in enterprise location - selection of region, selection of community - optimum selection of site, selection of ownership, Organization structure. 5. Role of institutions (08) Role of financial institutions in the development of the entrepreneurship: IDBI, ICICI, SIDBI, SFC, IFCI & Venture capital. Role of institutions in entrepreneurship development: DIC, EDII, SISI, NIESBUD, NEDB, TRYSEM. 6. Influences on Entrepreneurship Development: (08) Entrepreneurial Traits, External Influences on Entrepreneurship Development, Socio-Cultural, Political, Economical and Personal; Corporate Entrepreneurship, Entrepreneurial Success and Failure: Reasons and Remedies. REFERENCE BOOKS: 1. Dynamics of Entrepreneurial Development and Management Vasant Desai - Himalaya 2. Entrepreneurship PoornimaCharitimath- Pearson 3. Entrepreneurship Management Hisrach - TMH 4. Entrepreneurial Developments in India - Dr. C.B. Gupta &Dr. N.P. Srinivasan Sultan Chand 5. Developing Entrepreneurship - UdaiPareek and T.V. Rao 6. Entrepreneurship Developments - Bhanushali 7. Neeta Boparikar Entrepreneurship Development and Project Management, Himalaya Pub.House, Delhi. 8. Prasama Chandra, Projects Planning, Analysis, Selection, Implementation and Reviews, Tata McGraw-Hill, P.C.Jain (ed.), Handbook for New Entrepreneurs, EDII, Oxford University Press, New Delhi, P.Saravanavel, Entrepreneurial Development, Ess Pee kay Publishing House, Chennai

6 NorthMaharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Compulsory Paper: Paper 303 Organisation Behaviour 1) Introduction (06) a) Definition of O.B, b) Key elements of O.B. c) Nature & Scope of O.B. d) O.B. Process e) Disciplines contributing to O.B. f) Emerging challenges and opportunities for O.B. 2) Individual Perspective (08) a) Personality. Concept. Determinants and Types, How Personality influences O.B b) Attitudes. Types, Components &Functions. Attitudes& O.B. c) Job Satisfaction. d) Perception. Definition, Basic Elements, Factors Influencing Perception, Attribution. e) Learning. Meaning. Determinants, Principles, Learning &Behaviour 3) Interpersonal Relationship (09) a) Developing interpersonal relations b) Conflict. Meaning, Sources, Types. c) Intrapersonal Conflict - Role Identity, Role Perception, Role Expectation, Role Conflict. d) Interpersonal Conflict (Transactional Analysis and Johari Window) e) Aspects of Conflict (Functional and Dysfunctional) f) Conflict Management 4) Group Dynamics (06) a) Groups in Organization, Nature, Membership, b) Process of Group Development, Types of Groups, Group structure c) Group Norms, Group Conformity, Group Cohesion, Group Size, Group Think, Group Shift. d) Group dynamics & Inter-group dynamics 5) Motivation (10) a) Meaning b) Types of Motives c) Theories of Motivation i) Mashlow s Hierarchy of needs Theory ii) Theory X and Theory Y iii) Motivation-Hygiene Two Factor theory iv) Vroom s Expectancy theory v) McCellands Needs Theory vi) Goal Setting Theory d) Motivation applied - Financial and non-financial motivators 6) Leadership (09) a) Meaning, Functions, Styles, Traits of Leadership b) Theories of Leadership i) Likert s System of 4 ii) Path Goal Theory iii) Charismatic Leadership Theory iv) Transformation Leadership Theory v) Ohio State Leadership Quadrants and Management Grids 6

7 REFERENCE BOOKS: 1. Organisation Behaviour - Margie Parikh, Rajen Gupta- Tata McGraw Hill 2. Organization Behavior S.S. Khanka, S.Chand& Sons 3. Organization Behavior Suja R. Nair, Himalaya Publications 4. Management & OB Jayantee Mukherjee-Saha, Excel Books 5. Organization Behavior Fred Luthans- Tata McGraw Hill 6. Organization Behavior Stephen P. Robbins, Pearson 7. Organization Behavior Schernerhorn, Hunt, Osborn, Willy India 8. Organization Behavior K. Ashwathappa, Himalaya Publications 9. Organization Behavior Nelson & Quick, Cenage Learning 10. Human Behavior at Work Keith Devis- TMH 7

8 North Maharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Specialization Paper: III 304 A) Advanced Accountancy 1. Introduction 08 Auditing concepts Basic Principles governing an audit- Relationship of auditing with other disciplines -Audit Programme - Vouching Verification and Valuation. 2. Auditing and Assurance Standards 08 Overview-Standard setting process-role of International Auditing andassurance Standard Board and Auditing and Assurance Standard Board in India. 3. Risk Assessment and Internal Control 08 Evaluation of internal control procedures; techniques including questionnaire; flowchart; internal audit and external audit, coordination between two Audit of Limited Companies Preliminaries to the audit of limited company-audit of share capitaltransactions, Debentures and other transactions- Audit report with specialreference to CARO 2003 *Profit and divisible profit-dividends- Investigation under Companies Act, Audit Committee and Corporate Governance 08 Corporate Governance: Introduction-Verification of Compliance of Corporate Governance. Audit Committee: Constitution-Powers of Audit Committee-CEO/CFO Certification to Board-Report on Corporate Governance. 6. Audit under Computerized Information System (CIS) Environment 08 Special aspects of CIS Audit Environment need for review of internal control. Use of Computers for Audit purposes; audit tools, test packs, computerized audit programmes; Special aspects in Audit of E-Commerce Transitions. REFERENCE BOOKS: 1. Spicer and Peglar : Practical Auditing 2. Kamal Gupta : Contemporary Auditing 3. R.C. Saxena : Auditing (Himalaya) 4. Basu : Auditing 5. JagadishPrasad : Auditing : Principles 6. M.D.Paula : The Principles of Auditing 7. B.N. Tondon: A Handbook of Practical Auditing 8. The Institute of Chartered Accountants of India: Auditing assurance Standards 8

9 North Maharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Specialization Paper: III 304 B) Advanced Cost Accountancy 1. Costing Methods 08 Single or Output Costing Job Costing and Batch Costing Meaning and features, Methodology used, Advantages, Limitations of these methods of Costing, Practical problems on Preparation of Cost sheet and Price Quotation for a Job Batch Costing Concept of Batch Costing, Economic Batch Quantity: Practical problems on Economic Batch Quantity. 2. Contract Costing 12 Meaning and features of Contract costing, Methodology used in Contract Costing Comparison of Job Costing and Contract Costing. Special Aspects Of Contract Account: Work certified, Work uncertified, Treatment of Profit on incomplete Profit:Special Points in Contract : Cost Plus Contracts, Target-price contracts, Escalation Clause Advantages and Limitations of Contract Costing, Refer AS-7 on Construction Contracts- Accounting treatment, Percentage of Completion method, Completed contract method, provision for foreseeable losses, principles to be followed while taking credit for profit of incomplete contracts. Practical problems on Preparation of Contract Account 3. Process Costing 14 Features of Process Costing, Preparing Process Cost Accounts, Important aspects Process Accounts - Normal Loss, Abnormal Loss, Abnormal Gain, Inter Process Profits. Concept of Equivalent Production - Methods of pricing used for valuing the equivalent units - First In First Out Method [FIFO]: Average Method: Weighted Average Method: Practical problems on Preparation of Process Accounts 4. Operating Costing / Service Costing 10 Nature of Operating costing, Determination of Unit of Cost, Collection of costing data, cost Classification Fixed Charges, Maintenance Charges, Running Charges Practical problems on preparation of Operating cost statement for Transport Service, Boiler house and power house services, Canteen Service, and Hospital Service 5. Uniform Costing and Inter-firm comparison 04 Meaning of uniform costing, Reasons for differences in costs and costing practices from firm to firm, Application of Uniform Costing system, Objectives, Advantages and Limitations of Uniform Costing system, Essentials for success of uniform costing system, Fields for Uniformity, Uniform Cost Manual. Inter-firm comparison Meaning, Objectives, Advantages and Limitations of Inter-firm comparison, Note : 40% marks for theory & 60% marks for practical problems 9

10 REFERENCE BOOKS: 1. Basics of Cost Accounting by V. K. Saxena and C. D. Vashist - Sultan Chand & Sons, New Delhi 2. Cost Accounting Problems and Solutions - V. K. Saxena and C. D. Vashist - Sultan Chand & Sons, New Delhi 3. Cost Accounting by Jawaharlal Tata McGraw Hill Publishing company Limited New Delhi 4. Principles and Practice of Cost Accounting by N K Prasad 5. Fundamentals of Cost Accounting by S N Maheshwari Sultan Chand & Sons, New Delhi 6. Cost Accounting Principles & Practice by Nigam & Sharma 7. Cost Accounting Principles & Practice by S P Iyenger 8. Cost Accounting Principles & Practice by P K Ghosh 9. Cost Accounting Principles & Practice by B S Khanna 10. Cost Accounting by Jain &Narang 11. Practical Costing by Ahuja, Khanna&Pandey 12. Cost Accounting by B K Bhar 13. Cost & Management Accounting [ For CS Inter] - V. K. Saxena and C. D. Vashist - Sultan Chand & Sons, New Delhi 14. Cost & Management Accounting [ For Statge II of ICWA Inter] - V. K. Saxena and C. D. Vashist - Sultan Chand & Sons, New Delhi 15. Cost and Management Accounting (Theory Problems and Solutions) by M N Arora Himalaya Publishing House, Mumbai 16. Cost Accounting by Ravi M Kishore - Taxmann Allied Services Pvt Ltd 17. A Text Book (with in-built Complier) on Cost Accounting by S. K. Aggarwal, AbhaAggarwal Reliance Publications Ltd, Gurgaon 10

11 North Maharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Specialization Paper: III 304 C) Human Resources Management (Industrial Relations& Trade Union) 1) Industrial Relations (08 ) Meaning, scope, objectives, importance; Effects of poor Industrial Relations; industrial relations; Patterns & Policies adopted in industrial relations in India; Developing sound 2) Industrial Discipline (10 ) Concept, object, Importance, Principles, & Approaches of Discipline; The Red Hot Stove Rule; Disciplinary Action, Misconduct, Procedure of inquiry. 3) Industrial Disputes (10 ) Meaning, Forms of Industrial Dispute; Causes of Industrial Dispute;Consequences of Industrial Dispute; Dispute Settlement Machinery; Industrial Disputes in India; Prevention of Industrial Disputes 4) Grievance Procedure (10) Employee Grievance: Meaning, Nature, & Causes; Steps in grievance settlement; grievance machinery; Mediation- Types and essentials of mediation Conciliation- Meaning, Types; preliminary steps towards conciliation; Conciliation Officer- Qualities of a conciliator, role of conciliator; Conciliation procedure. Arbitration- Meaning, Types, Procedure.Adjudication- Meaning, three tire system of adjudication. 5) Trade Unionism (10 ) Meaning, Types of Trade Union, role of Trade Union; Recognition of Trade Union; Trade Union Movement in India; Problem of trade unions in India; Measures for strengthening T U White Collar & Managerial Trade Unions: Growth, Need & Nature of Managerial TU REFERENCE BOOKS: 1) Industrial Relations by ArunMonappa Tata McGraw Hill 2) Industrial Relations Trade Union & Labour Legislations by PRN Sinha&Shekher Pearson 3) Industrial Relations & Labour Laws by B.D.Singh- Excel books 4) Dynamics of Industrial Relations by C.B.Mamoria; Himalaya Publishing House 5) Industrial Relations of Developing Economy by BishwanathGhosh- Himalaya 6) Human Resource Management by K.Ashwathappa Tata McGraw Hill 7) Essentials of HRM & IR by P SubbaRao Himalaya 8) Human Resource Management by S.S.Khanka; S. Chand & Co. Ltd. New Delhi. 11

12 North Maharashtra University, Jalgaon (NACC Accredited B Grade University) SEMESTER: III Specialization Paper: III 304 D) Marketing Management (Service Marketing) 1) An overview of Services : (08) a) An introduction to services b) The Services Environment i) The general or external or micro environment for service firm. ii) Task of internal or micro environment iii) Environment scanning 2) a) Classification of the Service Industry : (08) i) Classification of Service Industries ii) Characteristics of the Service Industry b) Service Models i) The Service Triangle Management Model ii) The Service Marketing Triangle Marketing Model iii) Service Marketing Triangle iv) Six-Market Model 3) Service Marketing (08) i) Service Marketing an Introduction ii) Marketing Concept & Orientation iii) Different Service Marketing Activities iv) Service Marketing Philosophy & Defining 4) Buying Behaviour of the Service Consumer (08) i) Why should we analyze the customer ii) The 7 O framework of customer analysis iii) Buying situation iv) Decision Making Process v) Using Multi-attribute attitude models to understand consumer attitudes 5) Service Marketing Mix (08) a) Service Product Product / Service Offer, Total Product Concept, Classification of Service Offers, creating a Product Range, The Product Life Cycle, Service / Product Strategies, Branding b) Pricing Introduction, Value and Price, Demand Estimation and Price Sensitivity, Framework for Pricing Decision in Service, Factors Influencing Pricing Decision c) Promotion Comprehensive Communication Programme and Models d) Service Channels / Distribution Service Location Decisions, Middlemen and Distribution Channels 6) The extended 3 P (08) a) People i) Managing Internal Customers ii) Managing external Customers b) Physical Evidence Services Capes, Service Blueprint Component c) Process The service delivery process REFERENCE BOOKS: 1) Services Marketing 2 nd Ed. RajendraNargundkar Tata McGraw Hill Companies 2) Services Marketing S. M. Jha Himalaya Publishing House 12

13 3) Services Marketing C. Bhattacharjee Excel Books 4) Service Marketing Christopher Lovelock, JochenWirtz, JayantaChatterjee Pearson Education Asia 5) Services Marketing GovindApte Oxford 6) Services Marketing zeikhaml - TMH 7) Services Marketing Ravi Shankar Excel Books 8) Service Marketing Raghu &VasanthiVenugopal Himalaya 9) The Service Edge Ron Zemke& Dick Schaaf 13