2.3 FINANCIAL ACCOUNTING 

OBJECTIVE: 

The objective of this subject is to acquaint students with the accounting concepts, tools and Techniques  influencing Business Organizations. 

Unit 1: INSURANCE CLAIMS 10Hrs Introduction – Need – Policy for Loss of Stock – Steps for ascertaining Fire insurance claim – Treatment of  Salvage – Average Clause –Computation of Fire insurance claims.  

Unit 2: HIRE PURCHASE AND INSTALLMENT SYSTEMS 12Hrs Introduction – Meaning – Hire Purchase Act 1972 – Important Definitions – Hire Purchase Agreement – Hire Purchase Price – Cash Price – Hire Purchase Charges – Net Hire Purchase Price – Net Cash Price – Calculation of Interest – Calculation of Cash Price – Journal Entries and Ledger Accounts in the books of  Hire Purchaser and Hire Vendor. Installment System – Meaning – Features – Differences between Hire  Purchase System and Installment Purchase System (Theory only) 

Unit 3: ROYALTY ACCOUNTS 12Hrs Introduction – Meaning – Technical Terms – Royalty – Landlord – Tenant – Minimum Rent – Short  Workings – Recoupment of Short Working under Fixed Period – Floating Period – Recoupment within the  Life of a Lease – Treatment of Strike and Stoppage of work – Accounting Treatment in the books of Lessee  – Preparation of Ledger Accounts – Royalty Account – Landlord Account – Short Workings Account – Minimum Rent Account when Minimum Rent Account is required. 

Unit 4: SALE OF PARTNERSHIP TO A LIMITED COMPANY 14Hrs Introduction – Need for conversion - Meaning of Purchase Consideration – Mode of Discharge of Purchase  Consideration – Method of calculation of Purchase Consideration – Net Payment Method – Net Asset  Method – Passing of Journal Entries and Preparation of Ledger Accounts in the books of Vendor – Treatment of certain items – Dissolution Expenses – Unrecorded Assets and Liabilities – Assets and  Liabilities not taken over by the Purchasing Company – Contingent liabilities – Non-assumption of trade  liabilities – Passing of Incorporation entries in the books of Purchasing Company. 

Unit 5: ISSUE OF SHARES 8 Hrs Meaning of Share, Types of Shares – Preference shares and Equity shares – Issue of Shares at par, at  Premium, at Discount, Pro – Rata Allotment – Journal Entries and Bank Accounts – Preparation of Balance  Sheet in the Vertical form. 

SKILL DEVELOPMENT 

• Problems on calculation of purchase consideration when a firm is converted into a limited company ● Computation of cash price, interest components and hire purchase installments taking any problem ● Understand the meaning and purpose of loss of stock insurance including the average clause ● A problem on royalty highlighting the significance of minimum rent and recoupment of short workings

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BOOKS FOR REFERENCE 

1. Anil Kumar & Others – Financial Accounting  

2. M.A.Arunachalam&K.S.Raman: Advanced Accountancy 

3. B.S. Raman, Advanced Accountancy Vol II 

4. V.K. Goyal, Financial Accounting 2nd Edition 

5. Shukla and Grewal, Advanced Accountancy 

6. Gupta and Radhaswamy, Advanced Accountancy Vol I& II 7. Agarwal and Jain, Advanced financial Accounting 

7. Guruprasad Murthy : Financial Accounting 

8. Maheshwari, Advanced Accountancy Vol I & II 

9. B.M. Lall Nigam & G.L. Sharma, Advanced Accountancy 

10. S.N. Maheshwari& S.K. Maheshwari, Financial Accounting 12. Jain S.P &Narang K.L, Basic Financial Accounting 

11. Soundra Rajan A & K Venkataramana, Financial Accounting, SHB Publishers. 14. Dr. Alice Mani: Financial Accounting, SBH.

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2.4 QUANTITATIVE METHODS FOR BUSINESS - II 

OBJECTIVE 

The objective is to provide basic knowledge of quantitative methods and their commercial application for  decision making in business. 

Unit 1: INTRODUCTION TO STATISTICS 04 Hrs Background and Basic concepts: Introduction – Definition of Statistics – Functions – Scope – Limitations,  Classification and Tabulation of Data. 

Unit 2: MEASURES OF CENTRAL TENDENCY 14 Hrs Introduction – Types of averages – Arithmetic Mean (Simple and Weighted) – Median – Mode – Graphic  location of Median and Mode through Ogive Curves and Histogram. 

Unit 3: MEASURES OF DISPERSIONAND SKEWNESS 14 Hrs Part – 1: Measures of Dispersion : Meaning– Calculation of Absolute and Relative measures of  dispersion - Range – Quartile Deviation – Mean Deviation – Standard Deviation and Coefficient of  Variation. 

Part – 2: Measures of Skewness: Meaning of Skewness - Symmetrical &Skewed Distributions- Measures  of Skewness - Absolute and Relative Measures of Skewness – Karl Pearson‟s Coefficient of Skewness and  Bowley‟s Coefficient of Skewness 

Unit 4: CORRELATION AND REGRESSION ANALYSIS 14Hrs Correlation – Meaning & Definition - Uses – Types – Probable error – Karl Pearson‟s & Spearman‟s Rank  Correlation (Excluding Bi-variate and Multiple correlation). 

Regression – Meaning and Definition, Regression Equations - Problems  

Unit 5: INDEX NUMBERS 10 Hrs Meaning & Definition – Uses – Classification – Construction of Index Numbers – Methods of constructing  Index Numbers – Simple Aggregate Method – Simple Average of Price Relative Method – Weighted Index  numbers – Fisher‟s Ideal Index (including Time and Factor Reversal tests) – Consumer Price Index – Problems  

SKILL DEVELOPMENT 

∙ Collect the age statistics of 10 married couples and compute correlation coefficient. ∙ Collect the age statistics of 10 newly married couples and compute regression equations. Estimate the  age of bride when age of bridegroom is given. 

∙ Select 10 items of daily-consumed products and collect base year quantity, base year price and current  year price. Calculate cost of living index. 

BOOKS FOR REFERENCE 

1. S P Gupta: Statistical Methods- Sultan Chand, Delhi 

2. C.R.Reddy : Quantitative Techniques for Management Decisions, HPH. 

3. Dr. B N Gupta: Statistics (SahitytaBhavan), Agra. 

4. R.S Bhardwaj: Business Statistics, Excel Books.

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5. Chikodi & Pradad – Quantitative Method for Business - II 6. Veerchamy : Operation Research I.K. International Publishers 7. S C Gupta: Business Statistics, Himalaya Publications. 8. Ellahance : Statistical Methods 

6. Sanchethi and Kapoor: Business Mathematics, Sultan Chand 10. C.S Mujawar : Statistics for Managers I.K. International Publishers 11. Dr. Alice Mani: Quantitative Methods for Business - II, SBH.

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2.5 ORGANISATIONAL BEHAVIOUR 

OBJECTIVE:  

The objective is to enable the students to understand the Organizational Behaviour, and Organizational  Change and dynamic of groups . 

Unit 1: ORGANIZATIONAL BEHAVIOUR 06Hrs Organization Behaviour– Definition, Scope and Application in Management -Contributions of other  disciplines to OB–Emerging issues in Organizational Behaviour. 

Unit 2: PERSONALITY, PERCEPTION AND ATTITUDES 16 Hrs Personality :Meaning - Determinants of Personality - Biological factors - Cultural factors - Family and  Social Factors - Situational factors -Personality attributes influencing OB, Interactive Behaviour and  Interpersonal Conflict. 

Perception :Meaning - Need - Perceptual Process – Perceptual Mechanism - Factors influencing  perception.  

Attitude: Meaning of Attitude - Characteristics of Attitude – Components of Attitude - Attitude and  Behaviour – Attitude formation, change in attitude and barriers to attitude. 

Unit 3: LEARNING AND BEHAVIOUR MODIFICATION 08Hrs Principles of Learning & Reinforcement - Observational Learning - Cognitive Learning - Organizational  Behaviour Modification - Steps in Organizational Behaviour Modification process - Organizational  Reward Systems 

Unit 4: GROUP DYNAMICS 12Hrs Meaning - Types of Groups - Functions of small groups - Group Size Status - Managerial Implications – Group Behaviour - Group Norms - Cohesiveness - Group Think,  

Unit 6: ORGANIZATIONAL CHANGE AND DEVELOPMENT 14Hrs Organizational Change: Meaning - Nature of work change - Pressure for change - Change process - Types  of change – Factors influencing change - Resistance to change - Overcoming resistance - Organizational  Development–Meaning and different types of OD interventions. 

SKILL DEVELOPMENT 

• Meaning of job enrichment and list the requirements of job enrichments 

• Characteristics of attitude and components of attitude – A brief discussion 

• List the determinants of personality 

• Factors influencing perceptions - A brief explanation  

• List the characteristics of various leadership styles. 

BOOKS FOR REFERENCE 

1. K. Aswathappa, Organizational Behaviour, HPH. 

2. Appanniah&, Management and Behavioural Process, HPH. 

3. Rekha & Vibha – Organizational Behavioural, VBH.

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4. Robbins, Organizational Behaviour, International Book House. 5. John W. Newstrom&Kieth Davis, Organizational Behaviour, McGraw Hill. 6. P.G. Aquinas Organizational Behavior, Excel Books. 

5. Fred Luthans, Organizational Behaviour. McGraw Hill. 

6. M. Gangadhar. V.S.P.Rao and P.S.Narayan, Organizational Behaviour 9. M.N.Mishra: OrganisationalBehaviour and Corporate Development, HPH. 10. Karamapl : Business Management & Organizational Behavioral I.K. International 11. N.S. Gupta, Organizational Behaviour, HPH. 

7. Jit. S. Chandan, Organisational Behaviour, Vikas Publishing House. 13. Sharma R.K & Gupta S.K, Management and Behaviour Process, Kalyani Publishers. 14. K. Venkataramana, Organisational Behaviour, SHBP.

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2.6 PRODUCTION AND OPERATIONS MANAGEMENT 

OBJECTIVE 

The objective of the subject is to make the students understand the concepts of production and operations  management of an industrial undertaking and the benefits of automation. 

Unit 1: INTRODUCTION TO PRODUCTION AND OPERATIONS  MANAGEMENT 12Hrs Introduction - Meaning & Definition – Classification - Objectives and Scope of Production and operation  Management -Automation: Introduction – Meaning and Definition – Need – Types - Advantages and  Disadvantages.  

Unit 2: PLANT LOCATION AND LAYOUT 08 Hrs Introduction – Meaning & Definition - Factors affecting location, theory and practices, cost factor in  location - Plant layout principles -space requirement- Different types of facilities, Organization of physical  facilities – building, sanitation, lighting, air conditioning and safety. 

Unit 3: MATERIALS MANAGEMENT 08Hrs Introduction – Meaning & Definition - Purchasing, Selection of Suppliers, Inventory Management,  Material Handling Principles and Practices, Economic Consideration, Criteria for Selection of Materials  Handling Equipment, Standardization, Codification, Simplification, Inventory Control, Techniques of  

Unit 4: PRODUCTION PLANNING AND QUALITY CONTROL 16Hrs Objectives and Concepts, capacity planning, corresponding production planning, controlling, scheduling  routing – Quality Control - Statistical Quality Control, Quality Management, Control charts and operating  characteristic curves, acceptance sampling procedures, Quality Circle, Meaning of ISO and TQM. Productivity – factors influencing productivity - Concept of Standard Time, Method study, Time and  Motion Study, Charts and Diagrams, Work Measurements 

Unit 6: MAINTENANCE AND WASTE MANAGEMENT 12Hrs Introduction – Meaning – Objectives - Types of maintenance, Break down, spares planning and control,  preventive routine, relative advantages, maintenance scheduling, equipment reliability and modern  scientific maintenance methods - Waste Management - Scrap and surplus disposal, salvage and recovery. 

SKILL DEVELOPMENT 

1. Visit any industry and list out the stages of PPC with as many details as possible.  2. List out the Functions of Materials management in an organization  

2. Describe the Functions of Quality Circles in an industry 

3. Draw a ISO specification chart 

4. Visit a company and List out Environmental issues. 

5. Visit a company and draw a chart on Plant layout.

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BOOKS FOR REFERENCE 

1. Ashwathappa. K & Sridhar Bhatt : Production & Operations Management, HPH. 2. Gondhalekar&Salunkhe : Productivity Techniques, HPH. 

2. SN Chary, Production & Operations Management, McGraw Hill. 

3. U. Kachru, Production & Operations Management, Excel Books. 

4. Alan Muhlemann, John Oaclank and Keith Lockyn, Production & Operations Management, PHI. 6. K KAhuja, Production Management, CBS Publishers. 

5. S.A. Chunawalla& Patel: Production & Operations Management, HPH. 

6. Everett E Adam Jr., and Ronald J Ebert, Production & Operations Management, Sage Publishers.  9. Dr. L. N. Agarwal and Dr. K.C. Jain, Production Management 

7. Thomas E. Morton, Production Operations Management, South Western College. 11. K. Venkataramana, Production Operations Management, SHBP. 

8. Sridhara Bhatt - Production & Operation Management, HPH. 

9. Ghousia Khaloon – Production & Operation Management, VBH.