1.3 ACCOUNTING FOR BUSINESS 

OBJECTIVE:  

The objective of this course is to help the students acquire conceptual knowledge of the discipline  financial accounting and to impart skills for preparation of financial statements of different  undertakings for acquiring practical wisdom 

UNIT-1 INTRODUCTION TO ACCOUNTING 06 Hrs  Meaning, Book keeping & accounting, Need for accounting, (GAAP) Generally Accepted  Accounting Principles Concepts and Conventions, list of Indian Accounting Standards, Ind AS-IFRS  (Concept only) 

UNIT-2 BASIC ACCOUNTING PROCEDURES 12hrs  (i) Double Entry System of Book-Keeping – Golden rules of accounting  

(ii) Journal– Books of original entry  

(iii) Ledger – Posting – Balancing an account - simple problems on Journal & ledger 

UNIT-3 SUBSIDIARY BOOKS 14 Hrs  Purchase book – Sales book – Returns books – Bills of exchange –Bills book – Journal proper.- Cash Book – kinds of cash book & Petty Cash Book Imprest system –simple problems 

UNIT-4 FINAL ACCOUNTS OF PROPRIETARY CONCERN 14 Hrs  Classification of Transaction in to revenue and capital- Preparation of Trial balance & Rectification  of errors,- Parts of Final Accounts – Income statement and Balance sheet Final Accounts vertical  form only 

UNIT: 5: CONSIGNMENT 10 hrs Meaning, Definitions and Features of Consignment-Parties in Consignment – Consignor and  Consignee-Differences between Consignment and Ordinary Sale-Special terminologies In Consignment Accounts – Proforma Invoice, Invoice Price, Account Sales, Non-recurring Expenses,  Recurring Expenses, Ordinary Commission, Overriding Commission, Del Credere Commission,  Normal Loss, Abnormal Loss. Small Problems on Commission and Valuation of Closing Stock Consignment Accounts in the books of Consignor – Problems on preparation of Consignment A/c,  Consignee A/c and Goods Sent on Consignment A/c in the books of Consignor. 

BUSINESS LAB ACTIVITIES: 

(Skill developments /Business lab exercises to be executed with recent accounting software  packages like Tally, Quick books, SAP-ERP and maintain record) 

1. Draft a chart relating to companies maintaining IFRS standard 

2. Produce documentary evidence for creating accounting ledgers and groupsent on  3. Prepare a E content on subsidiary books  

3. Develop a E content final accounts any sole trader concern 

4. Develop E-content for a Consignment Agreement 

BOOKS FOR REFERENCE:  

1. Dr. S.N. Maheswari, Financial Accounting  

2. Grewal and Shukla, Advanced Accounting  

3. P.C. Tulasian, Pearson Editions, Introduction to Accounting

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4. Jain & Narang. Financial Accounting 

5. Accounting Standards - Institute of Chartered Accountants of India  6. Anil Kumar, Rajesh Kumar and Mariyappa, “Financial Accounting”, HPH

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 1.4 ENTERPRISE MANAGEMENT  

OBJECTIVE: 

The objective of this course is to enable the students to understand the principles of enterprise management of  a business entity and its recent trends 

UNIT -1 NATURE OF MANAGEMENT AND ITS PROCESS- 14Hrs 

Meaning, Nature and Importance of Management, Differences between Management and  Administration, Management Approaches; Management Functions-Principles of Management Fayol’s and Taylor’s Principles; Managerial Skills; Task and Responsibilities of Professional  Manager 

UNIT-2 PLANNING AND ORGANIZATION - 16 Hrs a) Planning -Concept, Features, Importance, Limitations; Planning process; Types of Plans Objectives, Strategy, Policy, Procedures, Method, Rule, Budget; Plan vs Programme- Policies and  Procedures; Decision making-Types- Process .  

1. b) Organization-Concept, Features, Importance, Limitations; Organizing process; Types of Organization; Flat organization – relevance- trends , work from home prospects; Centralizations and Decentralization; Delegation; Growth in Organization- Task force  

UNIT-3 DIRECTION AND COORDINATION- 12 Hrs a) Direction: Concept, Features, Importance, Limitations; Elements of Direction –Supervision,  Motivation and theories of motivation Leadership, Theories and Styles of leadership b) Co-ordination: Concept, Features, Importance, Types and limitations 

UNIT-4 CONTROLLING - 08 Hrs Concept, Features, Importance, Limitations; Control Process; Essentials of a Good Control System;  Techniques of Control- Traditional and NonTraditional Control Devices; Relationship between  planning and controlling 

UNIT-5 RECENT TRENDS IN MANAGEMENT 06 Hrs Change Management-Crisis Management-Global practices-International Manager-Quality of work  life –Résistance to management- Risk Management-Total quality Management, Kaizan cross culture  (Concepts only) 

BUSINESS LAB ACTIVITIES : 

1. Develop a Chart on Principles of Management 

2. Prepare Chart on steps involved in decision making 

3. Develop Chart on organisation structire 

4. Construct a Graphic representation of Maslow‟s Theory. 

5. List out recent trends in management 

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BOOKS FOR REFERENCE 

1. Stephen P. Robbins,Management, Pearson 

2. Koontz andO‟Donnell, Management, McGrawHill. 

3. Griffin, Nelson, Manjunath, MGMT and ORGB, Cengage 

4. L M Prasad, Principles of management, Sultan Chand and Sons 

5. V.S.P Rao/Bajaj, Management process and organization, ExcelBooks. 6. T. Ramaswamy : Principles of Management,HPH. 

6. Tripathi& Reddy, Principles of Management. McGraw Hill 

7. R.K Sharma Shashi K Gupta Rahul Sharma: Principles of Management Kalyani Publishers  

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 1.5 CORPORATE REGULATIONS 

Objective: To create awareness amongst student’s fraternity with the prevalent corporate laws and to nurture administration skills 

UNIT-1: INTRODUCTION TO COMPANY 16 Hrs 

Meaning and Definition – Features – Kinds of companies as per companies act 2013 – (Meaning  only) – Steps involved in formation of company as per companies Act 2013 – Promotion Stage – Meaning of promoter, Position of Promoter and Functions of Promoter- Incorporation stage – Documents required for incorporation- Memorandum of Association and Articles of Association,  Certificate of incorporation; Subscription Stage – E-Prospectus, Statement in lieu of prospects and  Book Building; Commencement Stage – Documents to be filed, e-filing, Certificate of  Commencement of Business. 

UNIT-2 : CAPITAL OF A COMPANY 08 Hrs 

 Share Capital - Meaning of Shares- Kinds of Shares- Debentures and Bonds- Types of debentures  and bonds, SEBI guidelines for issue of shares and debentures. 

UNIT-3: COMPANY ADMINISTRATION 14Hrs 

Key Managerial Personnel- Managing Director, Whole Time Directors, Company Secretary, C-suite  executives-CEO, CFO, COO, CTO, CKO, CRO and CIO Chief Financial Officer, Resident Director,  Independent Director;(Meaning only) Managing Director- Appointment, Powers, Duties and  Responsibilities; Audit committee and its functions Company Secretary- Meaning, Types,  Qualification, Appointment, Position, Rights, General duties, Liabilities and Removal or dismissal. 

UNIT-4: CORPORATE MEETINGS 08 Hrs 

 Types of Meetings, Provisions relating to Annual General meeting, Extraordinary General Meetings,  Board Meeting as per companies act 2013, Requisites of a valid meeting; Resolutions and kinds of  resolution; Preparation of Agenda and minutes. Corporate governance- composition of BODs Cadbury Committee report, SAXEN-OXLEY ACT, Narayamurthy and Narechandra Chandra  committee recommendation of corporate Governance. 

UNIT-5: WINDING UP OF COMPANIES AND CSR LEGISLATIONS IN INDIA 10 Hrs  Meaning- Modes of winding up; Official Liquidator-Powers and Duties; Consequences of Winding up  Meaning of CSR, Scope for CSR Activities under schedule VII of the companies Act 2013,  Provisions of CSR mandate 

BUSINESS LAB ACTIVITIES: 

1. Prepare a chart showing different types of Companies. 

2. Develop e- specimen copy of Memorandum of Association and Articles of Association of any  company. 

3. Prepare a chart showing qualifications of company secretary as per companies act 2013 4. Draft a Notice of Company Meetings – Annual, Special, Extraordinary and Board Meetings 5. Prepare a Chart showing functions of liquidator

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6. Conduct a case study on CSR initiatives of any one company and submit a case study report  

BOOKS FOR REFERENCE (Latest Editions) 

1. N.D. Kapoor, Company Law and Secretarial Practice, Sultan Chand and Sons. 2. M.C. ShuklaandGulshan, Principles of Company Law, S. Chanda and Co. 3. C.L. Bansal, Business and Corporate law, Excel Books. 

2. Chanda, Company Law, Cengage 

3. S.S Gulshan, Company Law, New Age International. 

4. Maheshwari and Maheshwari, Elements of Corporate Laws, Himalaya Publishers 7 Garg K.C , Chawla R.C and Gupta Vijay Company law Kalyani Publishers

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1.6 BUSINESS MATHEMATICS AND LOGICAL REASONING 

Objective: This course aims to equip the students with the mathematical background required for  business management and skills of numerical abilities and aptitudes for cracking public service  examinations and competitive examinations. 

UNIT1: THEORY OF SETS 08 Hrs Theory of Sets – Set Theory- Venn diagram- Applications of set theory- Basic concepts of  Permutations & Combinations. 

UNIT 2: TYPES OF EQUATIONS AND MATRICES 14 hrs Linear equations - Simultaneous equations (only two variables) Eliminations and substitution method  only- Quadratic equations – Factorization and formula method (ax² + bx + c = 0 form only) - Application of equations in business and management. 

Matrices: Algebra of Matrices, Inverse of a Matrix and determinants, Problems on linear equations in  two variables using Cramer's rule. 

UNIT 3: RATIO, PROPORTION, PERCENTAGE, PROFIT AND LOSS 10 hrs 

Ratio- Inverse Ratio- Proportion - Properties of Proportions- Direct proportions- Inverse  proportions- -Calculation of percentage, regarding marks, population, money, income etc - Profit  & loss- Calculation of profit or loss - Calculation of percentage profit or loss - Calculations of cost  price and selling price - Total profit or loss while buying and selling different articles at different  rates. 

UNIT 4: INTEREST & ANNUITIES 14 hrs  Simple Interest- Compound interest including half yearly and quarterly calculations - Nominal rat  and effective rate of interest - Varying rate of interest- Depreciation - Present value-Net present value  - Future value. Annuities - Present value of an annuity-Future value of an annuity-Sinking fund. 

UNIT 5: LOGICAL REASONING 10 hrs 

Number series - Coding and Decoding - odd man out- Time and work- Analytical Reasoning Relationships - Syllogism 

BUSINESS LAB ACTIVITIES: 

1. Divide your class students into pairs and assign each pair a single set concept (such as union, subset, superset, etc.)

2. Develop Business Problems Matrix  

3. Prepare a Bank Statement using SI and CI. 

4. Develop an Amortization Table for Loan Amount – EMI Calculation.  

5. Develop any two logical puzzles  

6. Take the previous of UPSC, KPSC, Banks, Insurance company, Railway board question papers  and solve numerical aptitude and reasoning segments 

 BOOKS FOR REFERENCE : (Latest edition)  

1. Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum’s Outlines Series.  McGraw Hill Publishing Co. 

2. Dr. Sancheti & Kapoor: Business Mathematics and Statistic, Sultan Chand and Sons.

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3. M Raghavachari – Mathematics for Management: An Introduction - Tata McGraw Hill Note 4. R.G.D Allen – Basic Mathematics; Macmillan, New Delhi 

4. Soni, R.S. Business Mathematics. Pitambar Publishing House. 

5. Singh J. K. Business Mathematics. Himalaya Publishing House. 

6. Ranganath: Business Mathematics, GK Publications, Mumbai. 

7. Dr. R.G. Saha & Others – Methods & Techniques for Business Decisions, VBH 

8. Selvaraj, Quantitative Methods in Management, Excel Books 

9. Study Material of the Institute of Chartered Accountants of India (ICAI) Freely Downloadable  from the website of the Institute