Cost Accounting Computer Applications in Business Indian

College of Management & Commerce , SOU 69

SEMESTER – IV

Subjects:

Cost Accounting

Computer Applications in Business Indian Economy

Entrepreneurship Disaster Management


Subject: Cost Accounting

Program: B.COM. (HONS.) Subject Code: Semester: IV

Teaching Scheme Examination Evaluation Scheme

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Theory

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6 0 0 6 24/60 - 16/40 - 100

Course Objectives:

This course aims to provide an understanding of basic principles and procedures underlying the cost

accounting process.

Primary area of study includes the nature, scope, importance of cost accounting; and to equip

students with skills and knowledge to: Identify and calculate different types of costs (direct, indirect,

variable, and fixed costs).

Determine the product cost by means of full- costing and direct-costing methods.

Determine the product cost by means of historical (actual) and standard cost systems.

Course Content:

UNIT-I [15]

Introduction Meaning, objectives and advantages of cost accounting; Difference between cost

accounting and financial accounting; Cost concepts and classifications; Elements of cost; Installation of a

costing system; Role of a cost accountant in an organisation

Elements of Cost: Material and Labour

Materials: Material/inventory control techniques. Accounting and control of purchases, storage and issue

of materials. Methods of pricing of materials issues — FIFO, LIFO, Simple Average, Weighted Average,

Replacement, Standard Cost. Treatment of Material Losses

Labour: Accounting and Control of labour cost. Time keeping and time booking. Concept and treatment

of idle time, over time, labour turnover and fringe benefits. Methods of wage payment and the Incentive

schemes- Halsey, Rowan, Taylor’s Differential piece wage.

UNIT-II [15]


Elements of Cost: Overheads

Classification, allocation, apportionment and absorption of overheads; Under- and over- absorption;

Capacity Levels and Costs; Treatments of certain items in costing like interest on capital, packing

expenses, bad debts, research and development expenses; Activity based cost allocation.

UNIT-III [15]


Methods of Costing

Unit costing, Activity based costing, Job costing, Contract costing.

UNIT-IV [15]

Service costing (only transport).

Process costing (process losses, valuation of work in progress, joint and by-products),

Concepts of Marginal Costing and absorption costing.

Book Keeping in Cost Accounting

Integral and non-integral systems; Reconciliation of cost and financial accounts

Course Outcome:

Understanding of various aspects related to Cost-Accounting.

Text Books:

1. Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan , Cost Accounting: A Managerial

Emphasis, Pearson Education. 2. Jawahar Lal, Cost Accounting. McGraw Hill Education

3. Jain, S.P. and K.L. Narang. Cost Accounting: Principles and Methods. Kalyani Publishers

4. Arora, M.N. Cost Accounting – Principles and Practice. Vikas Publishing House, New Delhi.

Reference Books:

1. Drury, Colin. Management and Cost Accounting. Cengage Learning.

2. Nigam, B.M. Lall and I.C. Jain. Cost Accounting: Principles and Practice. PHI Learning

3. Rajiv Goel, Cost Accounting. International Book House

4. Singh, Surender. Cost Accounting, Scholar Tech Press, New Delhi.

5. Maheshwari, S.N. and S.N. Mittal. Cost Accounting: Theory and Problems. Shri Mahavir Book Depot, New Delhi.

6. Iyengar, S.P. Cost Accounting. Sultan Chand & Sons

7. H.V. Jhamb, Fundamentals of Cost Accounting, Ane Books Pvt. Ltd.

Web resources:

MOOCs:


List of Experiments:

Names of newspapers, magazines to be referred for better understanding of the course:

1. Harvard Business Review, Business India / Business Today / Business World, 2. “Vikalpa” –Journal of Indian Institute of Management, Ahmedabad, 3. SANKALPA: Journal Of Management & Research, Effective Executive, etc.


Subject: Computer Application in Business



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0 0 6 6 24/60 - 16/40 - 100

Course Objectives:

To provide computer skills and knowledge for commerce students and to enhance the student understands of usefulness of information technology tools for business operations.

Course Content:

UNIT-I [15]

Word Processing

Introduction to word Processing, Word processing concepts, Use of Templates, Working with word

document: Editing text, Find and replace text, Formatting, spell check, Autocorrect, Autotext; Bullets and

numbering, Tabs, Paragraph Formatting, Indent, Page Formatting, Header and footer, Tables: Inserting,

filling and formatting a table; Inserting Pictures and Video; Mail Merge: including linking with Database;

Printing documents

Creating Business Documents using the above facilities

Preparing Presentations

Basics of presentations: Slides, Fonts, Drawing, Editing; Inserting: Tables, Images, texts, Symbols,

Media; Design; Transition; Animation; and Slideshow.

Creating Business Presentations using above facilities

UNIT-II [15]

Spreadsheet and its Business Applications

concepts, Managing worksheets; Formatting, Entering data, Editing, and Printing a worksheet; Handling

operators in formula, Project involving multiple spreadsheets, Organizing Charts and graphs


Generally used Spreadsheet functions: Mathematical, Statistical, Financial, Logical, Date and Time,

Lookup and reference, Database, and Text functions


UNIT-III [15]

Creating Business Spreadsheet

Creating spreadsheet in the area of: Loan and Lease statement; Ratio Analysis; Payroll statements;

Capital Budgeting; Depreciation Accounting; Graphical representation of data; Frequency distribution

and its statistical parameters; Correlation and Regression

UNIT-IV [15]

Database Management System

Database Designs for Accounting and Business Applications: Reality- Expressing the Application;

Creating Initial design in Entity Relationship(ER) Model; Transforming ER Model to Relational data

model concepts; Implementing RDM design using an appropriate DBMS.

SQL and Retrieval of Information: Basic Queries in SQL; Embedded Queries in SQL; Insert, Delete

and Update statements in SQL

DBMS Software: Environment; Tables; Forms; Queries; Reports; Modules; Applying DBMS in the

areas of Accounting, Inventory, HRM and its accounting, Managing the data records of Employees,

Suppliers and Customers.

Course Outcome:

Understanding of various computer applications used in business.

Text Books:

1. Boockholdt, J.L. Accounting Information System: Transaction Processing and Control, Irwin Mcraw -

Hill.

2. Madan, Sushila, Computer Applications, Mayur Paperbacks, New Delhi.

3. Hall, J.A., Accounting Information System, South-Western College Publishing.

Reference Books:

1. Gelinas, Ulric J., and Steve G. Sutton, Accounting Information System, South Western Thomson

Learning.

2. Rajaraman, V., Introduction to Information Technology, PHI.

3. Bharihoka, Deepak, Fundamentals of Information Technology, Excel Book.

Web resources:


MOOCs:



1. ACM Computing Reviews (United States) (ACM)

2. CHIP (India)


Subject: Indian Economy


Subject: Indian Economy


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6 0 0 6 24/60 - 16/40 - 100

Course Objectives:

This course seeks to enable the student to grasp the major economic problems in India and their solution.

Course Content:

UNIT-I [15]

Basic Issues in Economic Development Concept and Measures of Development and Underdevelopment; Human Development

Basic Features of the Indian Economy at Independence Composition of national income and occupational structure, the agrarian scene and industrial structure

UNIT-II [15]

Policy Regimes

The evolution of planning and import substituting industrialization. 1. Economic Reforms since 1991.

Monetary and Fiscal policies with their implications on economy

UNIT-III [15] Growth, Development and Structural Change

The experience of Growth, Development and Structural Change in different phases of growth and policy

regimes across sectors and regions.

a) The Institutional Framework: Patterns of assets ownership in agriculture and industry; Policies for

restructuring agrarian relations and for regulating concentration of economic power;

b) Changes in policy perspectives on the role of institutional framework after 1991. c) Growth and Distribution; Unemployment and Poverty; Human Development; Environmental


concerns. Demographic Constraints: Interaction between population change and economic development.

UNIT-IV [15]

Sectoral Trends and Issues


a) Agriculture Sector: Agrarian growth and performance in different phases of policy regimes i.e. pre

green revolution and the two phases of green revolution; Factors influencing productivity and growth;

the role of technology and institutions; price policy, the public distribution system and food security. b) Industry and Services Sector: Phases of Industrialization – the rate and pattern of industrial growth

across alternative policy regimes; Public sector – its role, performance and reforms; The small scale

sector; Role of Foreign capital.

Financial Sector: Structure, Performance and Reforms. demonetization Foreign Trade and balance of

Payments: Structural Changes and Performance of India’s Foreign Trade and Balance of Payments; Trade

Policy Debate; Export policies and performance; Macro Economic Stabilization and Structural

Adjustment; India and the WTO, Role of FDI, Capital account convertibility,

Course Outcome:

Understanding of various aspects related to Indian Economy.

Text Books:

1. Mishra and Puri, Indian Economy, Himalaya Paublishing House 2. IC Dhingra, Indian Economics, Sultan Chand & Sons

3. Gaurav Dutt and KPM Sundarum, Indian Economy, S. Chand & Company.

Reference Books: 1. Bhagwati, J. and Desai, P. India: Planning for industrialization, OUP, Ch 2. 2. Patnaik, Prabhat. Some Indian Debates on Planning. T. J. Byres (ed.). The Indian Economy:

Major Debates since Independence, OUP.

3. Ahluwalia, Montek S. State-level Performance under Economic Reforms in India in A. O.

Krueger. (ed.). Economic Policy Reforms and the Indian Economy, The University of Chicago

Press. 4. Dreze, Jean and Amartya Sen. Economic Development and Social Opportunity. Ch. 2. OUP.

5. Khanna, Sushil. Financial Reforms and Industrial Sector in India. Economic and Political

Weekly. Vol. 34. No. 45.

6. Uma Kapila (ed), “Indian Economy since Independence”, Relevant articles.

7. Rangarajan, C. and N. Jadhav. Issues in Financial Sector Reform. Bimal Jalan. (ed). The Indian Economy. Oxford University Press, New Delhi.

Web resources:

MOOCs:




1. Economic Times

2. Business Times

3. The Times of India 4. The Economic and Political Weekly, etc.


Subject: Entrepreneurship



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4 0 0 4 24/60 - 16/40 - 100

Course Objectives:

The objective of the course is to orient the learner toward entrepreneurship as a career option and

creative thinking and behaviour.

Course Content:

UNIT-I [10]

Meaning, elements, determinants and importance of entrepreneurship and creative behaviour ;

Dimens ions of entrepreneurship: intrapreneurship, technopreneurship, cultural entrepreneurship,

international entrepreneurship, entpreneurship, ecopreneurship, and social entrepreneurship

UNIT-II [10]

Concept of business groups and role of business houses and family business in India; support and

sustainability of entrepreneurship. Requirement, availability and access to finance, marketing

assistance, technology, and industrial accommodation, Role of industr ies/entrepreneur’s associations

and self-help groups, The concept, role and functions of business incubators, angel investors, venture

capital and private equity fund.

UNIT-III [10]

Significance of writing the business plan/ project proposal; Contents of business plan/ project


proposal; Designing bus iness processes, location, layout, operation, planning & control; preparation

of project report (various aspects of the project report such as size of investment, nature of product,

market potential may be covered);


UNIT-IV [10]

Accommodation and utilities; Preliminary contracts with the vendors, suppliers, bankers, principal

customers; Contract management: Bas ic start-up problems

Course Outcome:

Understanding of various aspects related to entrepreneurship.

Text Books:

1. Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai,Himalaya

Publishing House.

2. Singh, Nagendra P. Emerging Trends in Entrepreneurship Development. New Delhi: ASEED.

3. SS Khanka, Entrepreneurial Development, S. Chand & Co, Delhi.

4. K Ramachandran, Entrepreneurship Development, McGraw-Hill Education

5. Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.

6. Holt, David H. Entrepreneurship: New Venture Creation. Prentice-Hall of India, New Delhi.

Reference Books:

1. Plsek, Paul E. Creativity, Innovation and Quality. (Eastern Economic Edition), New

Delhi:Prentice-Hall of India. ISBN-81-203-1690-8.

2. Robert Hisrich, Michael Peters, Dean Shepherd, Entrepreneurship, McGraw-Hill Education

3. Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin.

Web resources:

http://www.dcmsme.gov.in

www.ediindia.org

MOOCs:


http://www.dcmsme.gov.in/

http://www.ediindia.org/



1. SIDBI Reports on Small Scale Industries Sector.

2. Economics Times’- Newspaper. 3. ‘The Journal of Entrepreneurship’ published by Entrepreneurship Development Institute

of India 4. Udyog Prerna – Magazine by Centre for Entrepreneurship Development


Subject: Disaster Management



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1 0 0 0 24/60 - 16/40 - 100

Course Objectives:

To acquaint the students with understanding about disasters, their types, trends, causes, and how to

control them at national level.

Course Content:

UNIT-I [04]

Understanding Disasters

Understanding the Concepts and definitions of Disaster, Hazard, Vulnerability, Risk, Capacity – Disaster

and Development, and disaster management

UNIT-II [04]

Types, Trends, Causes, Consequences and Control of Disasters

Geological Disasters (earthquakes, landslides, tsunami, mining);

Hydro-Meteorological Disasters (floods, cyclones, lightning, thunder-storms, hail storms, avalanches,

droughts, cold and heat waves);

Biological Disasters (epidemics, pest attacks, forest fire);

Technological Disasters (chemical, industrial, radiological, nuclear) and Man- made Disasters (building

collapse, rural and urban fire, road and rail accidents, nuclear, radiological, chemicals and biological

disasters);

Global Disaster Trends – Emerging Risks of Disasters – Climate Change and Urban Disasters

UNIT-III [04]


Disaster Management Cycle and Framework

Disaster Management Cycle & Framework, Paradigm shift in disaster management, Pre disaster risk

assessment, Prevention and mitigation of disasters, preparedness for disaster evacuation. Disaster

Communication: Search and rescue, emergency operation center, application of scientific techniques for

disaster management and mitigation.


UNIT-IV [04]

Disaster Management in India

Disaster Profile of India – Mega Disasters of India and Lessons Learnt, Disaster Management Act 2005,

National Policy on Disaster Management, National Guidelines and Plans on Disaster Management; Role

of Government (local, state and national),Non-Government Organizations.

Course Outcome:

Understanding of various aspects related to Disaster Management.

Text Books:

1. Coppola D P, 2007. Introduction to International Disaster Management, Elsevier Science (B/H), London.

2. Manual on natural disaster management in India, M C Gupta, NIDM, New Delhi

3. An overview on natural & man-made disasters and their reduction, R K Bhandani, CSIR, New Delhi

Reference Books: 1. Encyclopedia of disaster management, Vol I, II and IIIL Disaster management policy and

administration, S L Goyal, Deep & Deep, New Delhi, 2006

2. Encyclopedia of Disasters – Environmental Catastrophes and Human Tragedies, Vol. 1 & 2,Angus M. Gunn, Greenwood Press, 2008

3. Disasters in India Studies of grim reality, Anu Kapur & others, 2005, 283 pages, Rawat

Publishers, Jaipur

4. Management of Natural Disasters in developing countries, H.N. Srivastava & G.D. Gupta, Daya

Publishers, Delhi, 2006, 201 pages 5. Natural Disasters, David Alexander, Kluwer Academic London, 1999, 632 pages

6. Disaster Management Act 2005, Publisher by Govt. of India

7. Publications of National Disaster Management Authority (NDMA) on Various Templates and

Guidelines for Disaster Management

Web resources:


MOOCs:

