M.Com. Semester – I

Concept of management, Functions of management, Importance of management, Concept of decision making, Characteristics of Decision making, Decision making process, Principles of decision making, Characteristics of effective decision making, types of decisions

Meaning and definition of information and data, Objectives of management information system, Elements of management information system, Areas of management information system, Importance of management information system, Factors affecting the management information system, Types of information, Process of management information system, Causes of poor management information system

Concept, Functional and dysfunctional aspect of conflict, Individual level and Interpersonal conflict, Conflict management, Need for coordination, Types of coordination, Techniques of effective coordination

Introduction, Definition of Quality , Meaning of TQM, Characteristics of TQM, Potential benefits of TQM, TQM and Traditional Management

• Business System/Process, Classification and Characteristics of and Goals of Business

BUSINESS ENVRIONMENT

• Meaning of Business Environment, Types of Environment Internal and External Environment, Micro and Macro Environment

ECONOMIC ENVRIONMENT

• Nature of Economy, Structure of Economy, Economic Policies, Economic Conditions

POLITICAL AND GOVERNMENT ENVIRONMENT

• Classifications of Functions of State, Economic Roles of Government in India, Government and Legal Environment, the Constitutional Environment

NATURAL AND TECHNOLOGICAL ENVIRONMENT

• Natural  Environment,  Technological   Environment, Innovation, Technological          Leadership       and   Fellowship,      Technology      and Competitive Advantages, Sources of Technological Dynamics, Time Lags in Technology Introduction/Absorption, Appropriate Technology and Technology Adaption, , Impact of Technology on Globalization, ICT and Marketing¸ Transfer of Technology

DEMOGRAPHIC ENVIRONMENT

• Importance of Demographic Environment, Population Size, Falling Birth Rate and Changing Age Structure, Migration and Ethnic Aspects

• Brief Review of Economic Planning in India ( With Special emphasis on latest five year plans
• The Industrial Policy of 1991 of Government of India
• The current Monetary Policy of RBI
• The Fiscal and EXIM Policy of the Government
• An Outline of Technology Policy adopted by GOI

LIBERALIZATION

• Concepts, Issues and Implications on Indian Economy

PRIVATIZATION

• Meaning of Privatization, Nature and Objectives of Privatization, Various Forms of privatizing the Public Sector Enterprises, Merits and Demerits of Privatization, Disinvestment in India

GLOBALIZATION

Globalization of Business: Meaning and Dimensions, Globalization of World  Economy, Features  of  Current  Globalization,  Stages  of Globalization, Essential Conditions for Globalization, The Foreign Market Entry Strategies/ Strategies of Globalization, The Pros and Cons of Globalization, Policy Options, globalization of Indian Business

SOCIAL RESPONSIBILITY OF BUSINESS (SRB)

• Classical and Contemporary Views, Social Orientations of Business, The Factors affecting Social Orientations, SRB towards different Sections (Shareholders, Employees, Consumers, Society/Community), The Indian Situation, The Arguments for and against Social Involvement, Social Audit, Social Audit in India

CONSUMER  RIGHTS,  CONSUMERISM AND BUSINESS

• Consumer Rights, Exploitation of Consumers, Consumerism, Consumer Protection, UN Guidelines for Consumer Protection, Consumer Protection and Consumerism in India, the Consumer Protection Act, 1986.

Evolution of Cost Accounting, Meaning: Cost, Costing, Cost Accounting, Cost Accountancy, Objectives, Cost Accounting and Financial Accounting
Advantages, Disadvantages, Installation of Cost Accounting Cost Unit, Cost Centre, Profit Centre, Classification of Costs,

Methods and Techniques of Costing, Specific order costing : Theory & Example

Special Cost for Managerial Decisions (in brief): Relevant Cost, Sunk Cost,
Differential Cost, Marginal Cost, Out of Pocket Cost, Imputed Cost,

Future Costs, Conversion Costs, Production Costs.

Meaning and Definition, Features, Advantages and Disadvantages Comparison of Marginal and Absorption Costing, Comparison of Marginal and Differential Costing, Managerial uses of Marginal Costing Examples : Profit Planning, Foreign Offer, Sales/Product Mix, Key

Factor

• • Activity Based Costing (ABC) (Theory & Example)

Introduction,Performing Step, Cost Drivers Classification of Activities in Manufacturing Organizations Advantages and Disadvantages, Conventional Costing System and ABC System

• Life Cycle Costing
• Target Costing
• Kaizen Costing

Meaning, Types, Advantages, Disadvantages, Techniques
Cost Audit Programme, Cost Auditors: Functions, Appointment: Qualification, Disqualification, Rights, Duties, Cost Audit V/s Financial Audit
Cost Audit Report and Financial Audit Report, Cost Audit and Cost Investigation, Sachar Committee’s Report, Cost Audit in India, List of

products/ Industries required to maintain Cost Records.

Aspects of Management Audit Significance and Scope Problems of Management Audit

Definition
Rural Market Environment
Rural Population
Infrastructure facility
Distinction between rural and urban society
Rural requirements

Underdeveloped people
Underdeveloped market
Media for rural communication
Low per Capita income
Storage and transportation
Product positioning

Rural Market segmentation
Targeting
Selection of Segments
Product strategies
Pricing Strategies
Distribution Strategies
Promotion Strategies

Introduction – Concept and Definition
Objectives of Agricultural marketing
Scope of Agricultural marketing
Challenges of Agricultural marketingt

Constituents of financial markets, Indian Money and Capital Markets

– Meaning, Functions, SEBI as a regulating body; Call money market – Meaning, Features, Benefits, Participants, Nature of dealings, Mode of operations; Debt markets – Meaning, Advantages, Functions, Role of Bond market; Conceptual Discussion of Forex Market and Derivative Market

Basic Concept, Residential Status and incident of Tax ,Exempted Incomes, Existing Tax Rates, Computation of Total Income and Tax Liability, Securities Transaction Tax-Tonnage Tax, Any other latest development in Direct Tax

Definition of firm, partner
Position of firm under the income-tax Act
Essential condition to be satisfied by a firm to be assessed as firm and to be eligible for deduction of interest, salary etc. to the partners (section 184)
Computation of book profit
Treatment of share of profit, interest and remuneration received by a partner from a firm

Provision regarding set off and carry forward of losses of firms Computation of Total income of firm.

Definitions, Taxable income and tax liability –How computed, Carry forward and set-off of losses in the cases of certain companies, Minimum alternate tax with example, Tax on income distributed profits of domestic companies, Tax on income distributed to unit holders, Tax in income received from venture capital companies and venture capital funds, Examples on Taxation of Companies.

Return of income & assessment , PAN , Forms and Filing of Returns, Penalties & Prosecutions , Advance Payment of Tax Interest , TDS , Appeals & Revisions , Refund, Settlement of Cases

• Entrepreneurship- Concept and Functions
• Need and Importance of entrepreneurship
• Process of Entrepreneurship.
• Factors Influencing Entrepreneurship.

• Concept
• Characteristics of an Entrepreneur.
• Entrepreneur Vs. Intrapreneur, Entrepreneur Vs. Entrepreneurship, Entrepreneur Vs. Manager.
• Types of Entrepreneurs
• Role of Entrepreneur in Indian Economy.
• Entrepreneurial Culture.

• Concept of Entrepreneurship Motivation.
• Role of Motivation in Entrepreneurship.
• The Motivating Factors.
• The Achievement Motivation.

• Women Entrepreneurship: Concept, Functions, Opportunities, Problems, Development of Women Entrepreneurship in India.
• Rural Entrepreneurship: Concept, Need, Opportunities, Problems, Development of Rural Entrepreneurship in India.
• Social Entrepreneurship: Concept of Social Entrepreneur & Entrepreneurship, Need, Functions, Characteristics and Difference between Commercial/Business Entrepreneur and Social Entrepreneur.

Planning of a Statistical Inquiry: Purpose and Scope, Data vs. Information, Types of Data: Qualitative Data, Quantitative Data, Panel Data. Measures of Data: Nominal level, Ordinal level, Interval level, Ratio level. Sources of Data: Primary Data, Secondary Data, Methods of collecting Primary Data, Drafting of a Questionnaire, Sources of Secondary Data, Difference between Primary & Secondary Data, Editing Coding, Data Preparation.

Introduction, Objects of Classification, Types of Classification: Chronological, Qualitative & Quantitative. Tabulation: Meaning & Advantages. Types of Table, Concept of Frequency distributions for a discrete & continuous random variable. Types of Frequency distribution, Types Data representation: Bar chart, Pie chart, Histogram and Ogives , Frequency Polygon.Exploratory Data Analysis:(1) Steam & Leaf Diagram (Theory & simple Examples) (2)Box-Plot diagram (Theory only).

Meaning and functions of Banks, Types of Banks, Role of Banks in Economic Development, Different types of accounts – Current , Saving , Fixed deposits, Recurring NRI Deposits, Methods of Remittances- Demand Drafts, Telegraphic Transfers, Traveler’s Cheque,NEFT, RTGS (Real Time Gross Settlement).

Lending, forms of lending- Fund and Non Fund based lending, Principles of Sound Lending -Purpose, Safety, Security, Liquidity,PSL-Priority Sector Lending and its components and RBI Guidelines on PSL,Agriculture loan and its types.

Definition, Evolution, Nature, Principles and functions of insurance,, Significance of insurance in development of industry ,Business and Society, Insurance Sector Reforms- Malhotra Committee Recommendations on insurance sector, Current scenario of insurance business in India

Life Insurance – Definition, Nature, Types of polices and plans ,Classification on the basis of duration Payment of Premium, Participation in profits Lives covered and Claim Amounts, ULIPS, Rider, General Insurance – Classification of various types of General Insurance –Fire insurance, Marine insurance, Health insurance(Risk covered and policies).