Mandatory 1

Programme Name: M.Com (Advanced Accountancy)

CourseName: Advanced Cost and Management Accounting I
TotalCredits:04 TotalMarks:100
Universityassessment:50 Collegeassessment:50
Prerequisite:

MODULEI: (2CREDITS)
Unit1: Marginal Costing, Absorption Costing and Management Decisions
A) Meaning of Absorption Costing - Distinction between Absorption Costing
and Marginal Costing - Problems on Breakeven Analysis - Cost Volume
Profit Analysis - Breakeven Charts - Contribution Margin and Various
Decision Making Problems
B) Managerial Decisions through Cost Accounting such as Pricing Accepting
Special Offer - Profit Planning - Make or Buy Decisions - Determining Key
Factors - Determining Sales Mix - Determining Optimum Activity Level -
Performance Evaluation - Alternative Methods of Production, Cost
Reduction & Cost Control

Unit2: Standard Costing

A) Standard Costing as an Instrument of Cost Control and Cost Reduction -
Fixation of Standards
B) Theory and Problems based on Analysis of Variances of Materials, Labour
Overheads and Sales including Sub-variances

MODULEII: (2CREDITS)
Unit3:Budgetary Control
A) Budget and Budgetary Control - Zero Based Budget - Performance Budgets
- Functional Budgets Leading to thePreparation of Master Budgets
B) Capital Expenditure Budget - Fixed and Flexible Budgets - Preparation of
Different Types of Budgets

Unit4: Operating Costing

A) Meaning of Operating Costing - Determination of Per Unit Cost - Collection

of Costing Data

B) Practical Problems based on Costing of Hospital, Hotel and Goods &

Passenger Transport

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References:
 Cost Accounting by CMA G.C. Rao
 Cost Accounting (theories, Problems & solutions) by CMA M.N.Arora
 Cost Accounting (Principles & Practice) by S.P.Jain , Narang&Agarwal
 Principles of Cost Accounting by Garg&Lal.
 Elements of Cost Accounting by Dr. S.N.Maheshwari
 Contemporary Cost Accounting & Auditing by Kamal Gupta, Tata Mc-Graw Hill,
New Delhi
 A Hand-Book of Practical Cost Accounting by B.N. Tandon, S. Chand and
Company, New Delhi
 Fundamentals of Cost Accounting by Kamal Gupta and Ashok Arora, Tata
McGraw Hill, New Delhi
 Cost Accounting: Principles and Practice by Ravinder Kumar, Virender Sharma,
PHI Learning Pvt. Ltd., New
 Cost Accounting for CA IPCC by Sanjib Kumar Basu, Pearson Education,New
Delhi
 Jha& Shah, Cost Accounting, Himalayan Publication, Mumbai.

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 Mandatory 2

Programme Name: M.Com (Advanced Accountancy)

CourseName: Direct and Indirect Taxation (Income Tax)
TotalCredits:04 TotalMarks:100
Universityassessment:50 Collegeassessment:50
Prerequisite:

MODULEI: (2CREDITS)
Unit1: Definitions and Basis of Charge
A) Definitions: Person, Assesse, Income Basis of Charge: Previous Year, Assessment Year
B) Residential Status, Scope of Total Income, Deemed Income

Unit2: Heads of Income

A) Income from Salary, Income from House Property

B) Profits and Gains from Business and Profession, Income from Capital Gains, Income
from Other Sources
MODULEII: (2CREDITS)
Unit3: Deductions u/s 80 and Exclusions from the Total Income
A) Deductions: 80C, 80CCF, 80D, 80DD, 80DDB, 80E, 80U
B) Exclusions: Exemptions related to Specific Heads of Income to be covered with
Relevant Provisions, Agricultural Income, and Sums Received from HUF by a
Member, Share of Profit from Firm, Income from Minor Child, Dividend

Unit4: Computation of Income and Tax

A) Computation of Income and Tax of Individual, Firm and Company (Excluding MAT)

B) Provisions for Filing Return of Income - Sec 139(1) and Sec 139(5)

References:
. Direct Taxes Law & Practice by V.K. Singhania - Taxman
• Systematic Approach to Direct Tax by Ahuja& Gupta - Bharat Law House
• Income Tax Ready Recknoner by Dr .V.K. Singhania - Taxman
• Direct Tax Laws by T.N. Manoharan - Snow White

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 Mandatory 3
Programme Name: M.Com (Advanced Accountancy)
Course Name: Advanced Financial Accounting
TotalCredits:04 TotalMarks:100
Universityassessment:50 Collegeassessment:50
Prerequisite:

MODULEI: (2CREDITS)

Unit1: Final Accounts & Statutory Requirements for Banking Companies

A) Final Accounts of Banking Companies B)

B) Provisioning of Non- Performing Assets Form & Requirements of Final Accounts

Unit2: Foreign Currency Conversion (As per Applicable Accounting Standards)
A) Requirements as per Accounting Standards
B) Foreign Branches

MODULEII: (2CREDITS)
Unit3: Accounting & Statutory Requirements of Insurance Companies
A) Accounting Provision for Insurance Act and Insurance Regulation and Development
Authorities for 1) Life Insurance Business 2) General Insurance Business
B) Forms and Requirements of Final Accounts for 1) Life Insurance Business 2) General
Insurance Business

Unit4: Accounting & Statutory Requirements of Co-operative Societies

A) Accounting Provisions of Maharashtra State Co-operative Societies Act and Rules

B) Forms and Requirements of Final Accounts

References:
 Introduction to Accountancy by T.S. Grewal, S. Chand and Company (P) Ltd., New
Delhi
 Advance Accounts by Shukla and Grewal, S. Chand and Company (P) Ltd., New Delhi
 Advanced Accountancy by R.L Gupta and M. Radhaswamy, S. Chand and Company
(P) Ltd., New Delhi
 Modern Accountancy by Mukherjee and Hanif, Tata Mc. Grow Hill and Co. Ltd.,
Mumbai
 Financial Accounting by LesileChandwichk, Pentice Hall of India AdinBakley (P) Ltd.,
New Delhi
 Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi-Tech.
Publishing Co. Ltd.,Mumbai
 Financial Accounting by P.C. Tulsian, Pearson Publications, New Delhi
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 Accounting Principles by R.N. Anthony and J.S. Reece, Richard Irwin, Inc
 Financial Accounting by Monga, J.R. Ahuja, GirishAhuja and Ashok Shehgal, Mayur
Paper Back, Noida
 Compendium of Statement and Standard of Accounting, ICAI
 Indian Accounting Standards, Ashish Bhattacharya, Tata Mc. Grow Hill and Co. Ltd.,
Mumbai
 Financial Accounting by Williams, Tata Mc. Grow Hill and Co. Ltd., Mumbai
 Company Accounting Standards by ShrinivasanAnand, Taxman, New Delhi
 Financial Accounting by V. Rajasekaran, Pearson Publications, New Delhi
 Introduction to Financial Accounting by Horngren, Pearson Publications, New Delhi
 Financial Accounting by M. Mukherjee and M. Hanif, Tata McGraw Hill Education Pvt.
Ltd., New Delhi

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 Mandatory 4

Programme Name: M.Com (Advanced Accountancy)

Course Name : Advanced Trends in Accounting - I
TotalCredits:02 TotalMarks:50
Universityassessment:25 Collegeassessment:25
Prerequisite:

MODULEI: (2CREDITS)
Unit1: User Interface and Company Management
A) Introduction to Tally Software: Tally ERP9, Account Types,AccountingRules, Accounting
Principles, Double Entry System
B) Gateway of Tally and User Interface: How to functionalise Tally ERP 9 and Concepts
related to F 11 : Features , F 12 : Configurations and Setting up Accounts Heads,
Creating, Altering and Deleting a Company : Create or Set Up a company in Tally .ERP 9
and Security Control

Unit2: Masters- Ledgers

A) Understanding Default Vouchers : Accounting Vouchers , Classification of Vouchers and
Supporting Documents, Purchase Order Processing: Meaning , Procedure ,Recording of
Purchase Order and Purchase Invoice, Sales Order Processing : Meaning , Procedure
,Recording of Sales Order and Sales Invoice
B) Debit Note and Credit Note : Meaning , Accounting and Purpose, Bank Reconciliation
Statement : Cash Book , Bank Book, Accounting and Purpose

References:

• Official Guide To Financial Accounting Using TALLY.ERP 9 3rd Revised And Updated
Edition Book, Tally Education Pvt Ltd
• Implementing Tally ERP 9 Book, Asok k Nadhani
• Tally Erp 9 Power Of Simplicity Book, Shraddha Singh NavneetMehra
•Comdex Tally 9 Course Kit Book, NamrataAgrawal
• Basic Computer Programmes for Business – Sternberg C – New Jersey Hayden
• Fundamentals of Computers – Rajaram V – Prentice Hall
• Computer today (3rd edition) – Sanders, Donald H – McGraw Hill
• Computers and Common sense – Hunt, Roger and Shelly John – Prentice Hall
• Computers – Subramaniam N – Wheeler
• Introduction to Computers – Xavier C. – New Age
• Computer in Business – Sanders D – McGraw Hill
• Computers and Information Management – S C Bhatnagar& V Ramant – Prentice Hall
• Internet for Business – Brummer, Lavrej – Cambridge
• E-mail for Everyone – Leon Alexis &leon – Methews

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 Electives 1

Programme Name: M.Com (Advanced Accountancy)

CourseName: Mutual Fund Management and Wealth Management
TotalCredits:04 TotalMarks:100
Universityassessment:50 Collegeassessment:50
Prerequisite:

MODULEI: (2CREDITS)
Unit1: Introduction to Mutual Fund
A) History & Origin, Definition, Meaning, Characteristics, Advantages, Disadvantages,
Limitations of Mutual Funds, Ethics in Mutual Fund. Entities involved – Sponsor, Trust,
Trustee, Asset Management Company, Registrar and Transfer Agent ( RTA) and Fund
Houses inIndia.
B) Legal Framework - Role of regulatory agencies for Mutual funds –SEBI, RBI, AMFI,
Ministry of Finance, SRO, Company Law Board,Department of Company’s affairs,
Registrar of Companies,MF guidelines on advertisement , Accounting , Taxation and
Valuationnorms, Guidelines to purchase Mutual Funds, Investor protection and MF
regulations, Grievance mechanism in MF in India.

Unit2: Classification of Mutual Fund

A) Types of Mutual Fund- (introduction and Characteristics)
 Functional/Operational – Open ended, close ended, Interval
 Portfolio – Income, Growth, Balanced, MMMF
 Geographical/ Location – Domestic, Offshore
 Miscellaneous - Tax Saving Funds, Exchange Traded Funds, Balance Funds, Fixed
Term Plan, Debt Funds, Systematic Investment Planning& Systematic Transfer Plan
B) Portfolio Maturity, Calculations of NAV

MODULEII: (2CREDITS)
Unit3: Overview of Wealth Management
A) Introduction to Wealth management Definition of Wealth management; understanding
wealth management; wealth
Management process; phases in wealth management process; wealth management
market in India Holistic Planning Framework
B) Sources of wealth; human Capital; Financial Capital; Financial Life Cycle; Working
Life – Pre-family independence; Family; Pre-retirement; Retirement – Active
retirement; Passive Retirement; Elderly Care; Retirement related risk – risk
identification; Market Risk, Asset Allocation Risk, Interest Rate Risk, Inflation Risk,
Health/liquidity risk, Longevity Risk, The Financial Planning process Establish and
define the relationship with the client; Personal Fact Finding; AnalyzeClient’s
financial status, Risk profile and determine financial goals; Develop financial planning
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 recommendation and present it to client; Implement client’s financial planning
recommendations; Monitor and review the client’s situation
Asset Classes
Debt as an asset class; Role of debt in wealth management; risk of investing in debt
securities; Equity as an asset class – investing in stocks

Unit4:

a) Financial Mathematics:

● Calculation of Returns (CAGR ,Post-tax Returns etc.), Total Assets, Net

Worth Calculations, Financial Ratios

b) Tax and Estate Planning:

● Tax Planning Concepts, Assessment Year, Financial Year, Income Tax Slabs,

TDS, Advance Tax, LTCG, STCG, Carry Forward & Set-off, Estate

Planning Concepts –Types of Will – Requirements of a Valid Will– Trust –

Deductions -Exemptions

Retirement Planning/ Income Streams & Tax Savings Schemes

References:
 Future scenario of Financial services : R. Gordan&Natarajan (Himalaya)
 Marketing of Financial services : V. K. Avadhani (Himalaya)
 MF, Data, Interpretation & analysis : K.G. Shahadevan&Thripairaju (Prentice hall of
 India)
 Mutual funds in India (Modern scenario): Dr. Manoj Dave & Mr. LalitkumarChauhan,
 (Paradise Publishers)
 Mutual Funds & Financial Management : Ramesh Garg (Yking books)
 Mutual Fund products & services : Indian institute for Banking & Finance ( Taxmann)

 Stuart E Lucas, Wealth, Wharton School Publishing

 Dun &Bradstreet, Wealth Management, Tata McGraw – Hill Publishing Co. Ltd.
 Ben Stein &Phil Demuth, Your Life Time Guide to Financial Planning,New Beginnings
Press
 Ram NiwasLakhotia, SubhashLakhotia, Tax and Succession Planning through Trusts
and Wills, Vision Books Pvt Ltd
 NaratCharupat, Huaxiong Huang & Moshe A. Milevsky, Strategic Financial Planning over
the Life Cycle,
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