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M.COM. ACCOUNTING 2014-2015 & 2015-16 THE COURSE STRUCTURE AND DURATION: The Course leading to the degree of Master of Commerce (Accounting) [M.Com.(Accounting)] of the Department of Accounting, Faculty of Commerce & Management Studies, Jai Narain Vyas University, Jodhpur (Rajasthan) is a Two-Year full-time course The examination for the degree of M.Com. in Accounting will consist of two parts, (1) Previous Examination and (2) Final Examination. M.Com. Previous: A written examination in four compulsory papers, each paper being of 100 marks and viva-voce of 100 marks. M.Com. Final: A written examination in two compulsory papers and one optional group of two papers, each paper being of 100 marks and a viva-voce of 100 marks. For a pass at the M.Com. Accounting (Previous) and M.Com. Accounting (Final) Examination, a candidate is required to secure at least 25 percent marks in each paper and 36 percent in the aggregate of subjects concerned at each of the examination, separately, including viva-voce. There will be no provision for supplementary or carry forwarding of papers. Successful candidates will be placed in the following division on the basis of total of the marks obtained in previous and final examination taken together. 1. First Division 60% and over 2. Second Division 48% and over but less than 60% 3. Third Division 36% and over but less than 48% No student will be permitted to register himself/herself simultaneously for more than one post-graduate degree course. The Scheme will be as follows: M.Com. (Previous) 2014-15 101 Advanced Financial Accounting 100 25 3 Hours 102 Advanced Cost & Management Accounting 100 25 3 Hours 103 Advanced Business Statistics 100 25 3 Hours 104 Taxation Law & Practice 100 25 3 Hours Note: The minimum pass marks will be 25 in each paper/subject and 36% in aggregate. M.Com. (Final) 2015-16 201 Advanced Auditing 100 25 3 Hours 202 Financial Management 100 25 3 Hours 203 Research Methodology for Accounting 100 25 3 Hours 204 First Paper of the Optional Group opted* 100 25 3 Hours 205 Second Paper of the Optional Group opted* 100 25 3 Hours Note: The minimum pass marks will be 25 in each paper/subject and 36% in aggregate.

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*Required to select any one of the following Groups Optional Groups (Select Any One of the Following) Group – A : Accounting Group

204 (A) Accounting Theory & Thought 205 (A) International Accounting

Group – B : Costing group

204 (B) Cost Accounting for Managerial Decisions 205 (B) Cost Analysis and Control

Group – C : Taxation Group 204 (C) Tax Planning and Tax Management

205 (C) Business Taxation Group – D: Auditing Group 204 (D) Internal Auditing 205 (D) Cost and Management Auditing Group – E : Financial Analysis Group

204 (E) Investment Management 205 (E) Project Appraisal and Management

Group – F : Deleted Group – G : Systems Group 204 (G) System Analysis and Design

205 (G) Decision Science Group – H : Applied Accounting Group 204 (H) Strategic Management & Management Control System 205 (H) Accounting Applications in Functional Management Group – I : Government Accounting Group 204 (I) Government Accounting 205 (I) Accounting for Special Organizations Group – J : Computer Accounting Group

204 (J) Accounting Information Systems 205 (J) Accounting and Auditing in Computer Environment

NOTE: Private/non-collegiate students will be allowed to opt only those optional groups which

are offered by the regular students.

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PATTERN OF EXAMINATION PAPER Question Paper will be divided into three sections namely, ‘Section – A’, ‘Section – B’ and ‘Section – C’ and in each section the questions will be asked as follows: Section – A: Intends to test the clarity of concepts and to-the-point knowledge unit-wise. (T-1) 10 very small questions, (two questions from each unit). Each question will

carry 2 marks. Answer of each question shall be limited up to 30 words. This part will be compulsory. 10 x 2 = 20

Section – B: Intends to test the knowledge unit-wise and capability to elaborate and restrain

within limited words. (T-2) 10 small questions (two questions from each unit). Students will be required to

answer one question from each unit. Each question will carry 07 marks. Answer of each question shall be limited up to 250 words. 5 x 7 = 35

Section – C: Intends to test the overall-knowledge and capability, to explain in detail of the

students. (T-3) 5 questions (one question from each unit). Students will be required to answer

any three questions. Each question will carry 15 marks. Answer of each question shall be limited up to 500 words 3 x 15 = 45

T 1 : Very Small Question T 2 : Small Question T 3 : Detailed Question

Note: In case of Numericals, Figures, Charts, Diagrams and Graphs, the above limit of words

shall not apply.

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M.COM. ACCOUNTING (PREVIOUS)

PAPER 101 ADVANCED FINANCIAL ACCOUNTING

Unit 1 Conceptual Framework of Accounting, Accounting Standards in India and

Guidance, Notes on Various Accounting Aspects. Conceptual framework for Accounting and Reporting: FASBs & IASCs conceptual framework. Introduction to IFRS.

Unit 2 Financial Statement for Companies:

(i) Requirement of Law regarding the preparation of profit & loss account & Balance-sheet

(ii) AS-4 (revised), AS-5 (revised) (iii) Ascertaining the managerial remuneration (iv) Divisible Profits, transfer to reserve, depreciation (v) Capitalization of Profit, Bonus share (vi) Directors’ report, Auditors’ Report (vii) Statement of EPS

Unit 3 Valuation of Business: Inventories, Intangible assets, Goodwill, Shares (AS-

26). Consolidated Accounts of Holding and Group Companies, Advanced Problems of Accounting for Amalgamation, Accounting Aspects of Corporate Restructuring (AS 14, 21, 23).

Unit 4 Agricultural Farm Accounting and Hotel Accounting, Introduction to Inflation

Accounting and Lease Accounting. Fund Based Accounting, Introduction to Government Accounting. Unit 5 Corporate Social Accounting and Environmental Accounting. Value Added

Statement, Economic Value Added (EVA) Statement, Human Resource Accounting.

SUGGESTED READINGS Batliboi : Advanced Accounting Shukla, M.C. & Grewal, T.S. : Advanced Accounts Gupta, R.L. : Advanced Accountancy Jain and Narang : Advanced Accountancy Chakraborthy, H. : Advanced Accountancy Nambiar, M.C.K. : Advanced Accountancy Agarwal, A.N. : The Higher Science of Accountancy William Pickles : Accountancy Agarwal, B.D. : Financial Accounting Advanced Bhattacharya Ashish K. ‘Indian Accounting Standards, Tata McGraw Hill. Jawahar Lal: Corporate Financial Reporting – Theory, Practice and Cases Taxmann Mukherjee A and Hanif M, Modern Accountancy, Tata McGraw Hill.

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PAPER 102 ADVANCED COST & MANAGEMENT ACCOUNTING

Unit 1 Overview of Cost Accounting Concepts and Practices: Different types of cost,

Cost centre, Cost unit, Basic Cost concept, Standards for General Cost Accounting Practices, Cost classification, Objective of measurement of Direct and Indirect Cost. Material Management: Direct & Indirect Materials, Classification & Codification of Materials, Purchase Procedure, Stores Routines, Material Control & Inventory Control, Material & Production Losses, Material Cost.

Labour: Classification, Methods of Remuneration and Incentives, Payroll Accounting and Labour Cost Control. Direct Expenses: Introduction, Nature, Accounting.

Overhead: Classification – Functional, Behavioural, Methods of Segregating semi Variable Cost; Allocation, Apportionment and Absorption of Overhead, Over or Under – Absorption of Overheads.

Unit 2 Specific Order Costing: Job, Batch & Contract Costing. Process Costing: Basic, Costing of Abnormal Loss or Gain, Joint Products and

By-Products, Work-in-progress (Equivalent Production), Inter-Process Profits. Uniform costing and inter firm comparisons. Unit 3 Meaning, objects, domain and tools of Management Accounting, Position and

functions of management accountant, Accounting as an information system for management. Sources and tools of interpretation of financial statements; accounting ratios for financial analysis and control, Funds Flow Analysis & Cash Flow Analysis – AS-3

Unit 4 Marginal costing and managerial decisions : The basic concept of Marginal

Cost and Marginal Costing, Break Even Analysis and Cost volume profit analysis, Break even charts and profits charts, managerial decisions, application of marginal costing in decision making.

Product life cycle costing, Activity based cost management. Unit 5 Management Control Process:

Budget: Budgeting as a process of Management Planning, Preparation of Master and functional Budgets, Flexible Budgeting and its techniques. Standard Costing : General Principles, Standard costing and Budgetary control, advantages, limitations, setting of standard costs, variance analysis –cost, profit and sales variances, presentation of variances, investigation, revision of standards.

SUGGESTED READING Prasad, N.K.: Principles and Practice of Cost Accounting Horngren : Cost Accounting A Managerial Emphasis Saxena V.K., Vashist C.D.: Cost Accounting, Sultan Chand & Sons, New Delhi Bhattacharyya Asish K., Principles & Practice of Cost Accounting, Wheller Publishing, N. Delhi Bhar, B.K. : Cost Accounting Method of Problems ICMAI of India : Break Even Concept and Practical Dimensions

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Roychoudhary and Bhattacharya : Cost and Management Accountancy Methods and Techniques Batty, J.: Management Accounting Kisahr Ravi M. : Advanced Cost Acctg. & Cost System Guru Prasad Murthy : Accounting For Management Backer and Jucobson : Dicisional Phenomena and the Management Accountants H. Maynand : Top Management Hand Book Anthony, R.N. : Management Accounting : Text and Cases Oswal, Srivastava and Bidawat : Advanced Costing Problems Shillinglow Gordon : Cost Accounting Analysis and Control Mariz Curry and Frank : Cost Accounting Neumner : Cost Accounting Jawaharlal, Advanced Management Accounting – Text, Problems and Cases, S.Chand & Co. (Third Edition, 2013)

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PAPER 103 ADVANCED BUSINESS STATISTICS

Objectives: The Objective of the course is to acquaint the students with the application of statistical tools in the area of Business decision-making and accounting research Course Contents: Unit 1 Association of Attributes (The study will include Two and Three Attributes): Class

frequencies, Association between attributes, consistency of data; Methods of studying association including Yule's Coefficient of Association, Coefficient of colligation, coefficient of contingency, Criterion of Independence, Chi-square test, goodness of fit.

Unit 2 Probability and Theoretical Frequency Distribution: Probability-basic concepts in

probability and its types, Probability Rules, Probabilities under condition of statistical independence and under condition of statistical dependence, Bay's Theorem, Mathematical Expectations Theoretical Frequency Distribution: Binomial, Poisson and Normal Distributions: Choosing the correct Probability Distribution, goodness of fit by chi-square test

Unit 3 Sampling and Sampling Distribution: Introduction to sampling and basic concepts for

Hypothesis Testing Procedure and Estimation of parameter, Testing of Hypotheses and Estimation of Parameter for large samples (Attributes and Variables)

Unit 4 Testing of Hypothesis and estimation of parameter for small samples (Variables) with

student's t-test, Z-transformation. F-test, Analysis of Variance (ANOVA Test). Unit 5 Non-Parametric Tests – an introduction: The sign test for paired data (n>12): Rank

sum Tests: The Mann-Whitney U Test (n1 +n2>20); The Kruskal Wallis Test (nj>5): One Sample Runs Test (n1+n2>20) The Kolmogorov Smirrnov Test (n>35). Statistical Quality Control, Concept, Control Charts – Mean, Standard Deviation and Range Chart, P-Chart, np-Chart and C-Chart. Statistical Decision Theory: Acts, Events, Outcome, Pay Off, Expected Payoff, Regret, Expected Regret, EVPI, Decision Rules.

SUGGESTED READINGS Croxtan and Cowden : Applied General Statistics Cocharar , W.G. : Sampling Techniques Elhance D.N. : Fundamentals of Statistics Karmel, P.H.: Applied Statistics for Economics Nagar , K.N. : Sankhyaki ke Mool Tatva Gupta S.P.: Statistical Methods Sancheti and Kapoor : Statistical Method Gupta, B.N.: Statistics Sharma, K.R.: Research Methodology Levin, Rechard I: Statistics for Management Clarks & Jorden: Intoduction to Business & Economics Statistics, Southern Western, USA Jean, D Gibbons: Non-Parametric Statistical Inference

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PAPER 104 TAXATION LAW & PRACTICE

Unit 1 Income Tax Law, Scheme of Taxation, Important Concepts, Constitutional

Provisions : Central and State Subjects; Distribution of tax proceeds among the States and Central - a brief study. Scope of Total Income and Residential Status, Income which do not form part of Total Income, Income under the Head “Salaries”, Income from House Property,

Unit 2 Income under the Head: Profits and Gains of Business or Profession, Capital

Gains, Income from other Sources, Clubbing of Income, Set-Off or Carry-Forward of Losses, Deductions under Sections 80A to 80U. Assessment: Individuals & HUF

Unit 3 Assessment: Firms and AOP, Cooperative Societies, Trusts, Taxation of Non-

Residents, Procedure of Assessment, Income Tax Authorities. Assessment of Companies, Appeals and Revision, Procedure of Assessment

including Search-cases, Penalties and Prosecution. Unit 4 Double Taxation Relief (DTAA) Transfer Pricing Advanced Rulings, Settlement Commission Unit 5 Wealth Tax : Chargeability, Assessment Year, Valuation Date, Computation of

Net Wealth, Incidence of Tax, Assets, Deemed Assets, Assets Exempt from Tax, Debt Owed, Valuation of Assets, Return of Wealth and Assessment.

SUGGESTED READING Singhania, V.K.: Direct Taxes Law and Practice, Taxman Publication (Pvt.) Ltd. Delhi Dr. Ahuja Girish, Dr. Gupta Ravi: Direct Taxes, Law & Practice, Bharat Law House Pvt. Ltd. New Delhi Bhattacharya S.: Indian Income Tax Law and Practice , Wadhwa and Co. Agra, Nagpur Srinivas, E.A. : Corporate Tax Planning, Tata McGraw Hill Publishing Co., Ltd. Palkiwala , N.A. & Palkiwal, B.A. : Law and Practice of Income Tax , N.M. Tripathi , Bombay Iyengar Sampat , A.C. : Law of Income Tax , Bharat Publishing House , Allied Publishers Shah , D.D. : A Treatise on Tax Planning , N.M. Tripathi , Bombay Lakhotia , A.N. : How to Save Income Tax by Tax Planning Asia Pub. House , Calcutta Raina , H.P. : Corporate Taxation A Hand Book , Orient Law House , New Delhi/ Allahabad Lakhotia , R.N. : Tax Management , A Pitmans Publication , Calcutta

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M.COM. (ACCOUNTING) FINAL

PAPER 201 ADVANCED AUDITING

Objective: To acquaint the students with the advanced knowledge of auditing principles and practices. Unit 1 Concept and philosophy of auditing and its importance in present business scenario,

internal control system - Review and Evaluation of Internal control System, Efficacy of Accounting Information System flow charting. Reporting to clients on Internal Control weaknesses. Planning and audit Development of Audit Programme and audit techniques (SA-265).

Unit 2 Company Audit : Auditor's appointment, functions and duties, Planning the Company

Audit with special reference to Managerial Remuneration, Loans to Companies under same management, Intercompany Investments, Bonus Shares, Contingencies and events occurring after Balance sheet date and prior- period items. Treatment for Excise duties, Ramification of accounting policy Changes (SA-200). Auditor's Report : Contents , Qualifications and Notes, Distinction between Audit Report and Audit Certificate, Report under Company Audit Report Order (CARO-2003) (SA-700)

Unit 3 Audit of Special entities such as Banks, Insurance Companies and Hotels, Non profit

Organizations like clubs, trusts, educational institutions, Co-operative Societies. Tax Audit

Investigation : Concept and types. Unit 4 Meaning of Cost Audit, Rationale and Dimensions, Types of Cost Audit Cost Auditor, qualifications, appointment, Rights, duties and responsibilities,

Professional Ethics ; Interaction and Co-ordination between Public Accountant and Cost Auditor

Unit 5 Management Audit Concept and Scope , Evaluation of Organisation Corporate Social Audit : Concept, Dimensions and techniques, Corporate Social

Reporting SUGGESTED READINGS Gupta, Kamal : Contemporary Auditing , Tata McGraw Hill Publishing Co. Ltd. Delhi Ghatalia, S.V. : Spicer and Pegler's Practical Auditing, Allied Publishers Tandon, B.N. : A Hand Book of Practical Auditing, S. Chand & Co., Delhi Sharma, T.R. : Higher Auditing, Sahitya Bhawan, Agra Publications of the Institute of Chartered Accountants of India Relating to Audit Practices

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PAPER 202 FINANCIAL MANAGEMENT

Objective : The course is designed to develop an understanding of the finance and techniques of financial analysis and financial decision making to understand the issues involved in and the features of financial Management in the global context. Unit 1 Project planning and capital budgeting; preparation of project report; financial

projection; sensitivity analysis in capital budgeting; impact of inflation on capital budgeting decisions, capital rationing risk analysis in capital budgeting and evaluation of risky investments; social cost-benefit analysis; simulation and decision tree analysis

Unit 2 Type of financing; project financing; intermediate and long term financing,

negotiating term loans with banks and financial institutions; appraisal of term loans by financial institution in India, lease financing. Special problems relating to Financing and management of small and medium enterprises

Unit 3 Introduction to capital market in India including depositories. Introduction to capital market instruments including options (Option Pricing Theory), futures and derivatives; risk return relationship, capital asset pricing model (CAPM). Financial services in India including merchant banking, portfolio management; credit rating; consumer finance Mutual fund; operations and regulations

Unit 4 Foreign collaborations and joint ventures Introduction to international financial management including raising of capital abroad (ADRs, GDRs, ECB) Foreign exchange exposure and risk management, foreign exchange markets and dealing therein

Unit 5 Money markets and their operations Special feature of financial management in public sector undertakings Dividend decisions; dividend policy; its determinants

SUGGESTED READING Giotman, L.J. : Fundamental of Financial Management Pandey, I M. : Financial Management Khan, M.Y. & Jain. P.K. : Financial Management Venhorne J.C. : Financial Management and Policy Ezra Soloman : Financial Management Agarwal, M.D : Vitiya Prabandh Kulshreshtha, R.S. : Vitiya Prabandh Kulkarni, P.V. : Financial Management

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PAPER 203 RESEARCH METHODOLOGY FOR ACCOUNTING

Unit 1 Social Science: Meaning, types – natural, social methods,

induction/deduction/analysis and synthesis/observation/ experiment/ abstraction Research : meaning, type- fundamental/applied; approach-Historical/ descriptive/ experimental/ exploratory, Methodology, Research Process : Selection and identification of research problems – need, priority and problem oriented, Source of Social Science information, problem encountered by researchers in India

Unit 2 Hypothesis – meaning and formulation, Investigation – census v/s sample

Research design, meaning types/essentials/ sample and analysis design. Data: Types, methods of collection observation, interview/ schedules/ questionnaire. Survey : Meaning, procedure, Types-questionnaire/survey/ interview steps and problems of survey method.

Case Study : Meaning, assumptions procedure, merits and limitation Unit 3 Tools of Analysis (i) measure of central tendency – Mean, Median/Mode,

measures of dispersion-standard deviation/ coefficient of variation/bivariate correlation, and regression, interpolation and extrapolation, analysis of time series

Unit 4 Tools Analysis (ii) Procedure of testing standard hypothesis, Sampling

distribution and standard error, standard error of sample proportion /difference between two samples proportions/sample mean/difference between two sample means, test independence of Chi-square test

Unit 5 Research report: General principles, outline and structure

preliminary/reference section : Bibliography SUGGESTED READINGS Pauline V. Young : Scientific Social Surveys and Research Prentice Hall of India Kothari, C.R. : Research Methodology : Methods and Techniques, Wiley Eastern Ltd. Sadhu, An. & Amarjit Singh : Methodogy in Social Sciences, Himalaya Pub. House Wilkinson and Bhandarkar : Methodology and Techniques of Social Research Himalaya Pub. House Sharma, B.A.V. et el : Research Methods in Social Sciences Sterling Publishers Moser, C.A. : Survey Methods in Social Investigation , Elbs, Heinmann Campbell: form and Style in Thesis Writing , William Gileo Satpal Ruhela : Sarvekshan Anusandhan aur Sankhyiki, Vikas Publishing Elhance D.N. : Fundamentals of Statistics, Kitab Mahal, Allahabad Mukherji, Ravindra Nath : Samajik Sarvekshan Va Shodh, Sarswati Sadan , Delhi Kapil, H.K. : Anusandhan Vidhiyan, Harprasad Bhargava, Agra Trivedi, R.N. & Shukla, D.P. : Research Methodology Hindi Ed, College Book Depot, Jaipur Croxton, Cowdan and Klein : Applied General Statistics Festinger and Katz (Ed.) : Research Method in Behavioural Science, Amerined Publishing Goode and Hatt : Methods in Social Research, Mcgraw Hill Sharma K.R. : Research Methodology, Natural Publishing, New Delhi

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Optional Groups (Select Any One of the Following) GROUP A – ACCOUNTING GROUP

PAPER 204 A ACCOUNTING THEORY & THOUGHT

Unit 1 Accounting: an overview- emerging roles and different views of looking at

accounting, Accounting environment and economic growth, Review of Accounting Theory – brief history, concept, levels and types of accounting theories. Approaches to the development of accounting theory

Unit 2 Structure of Accounting theory, Accounting objective and net income reporting

for different purposes, Approaches to income concepts. Capital maintenance concept, Accounting policies and their regulating agencies

Unit 3 Income statement versus balance sheet. The nature of revenue, expenses,

gains and losses. Historical cost versus current cost for income reporting, management of assets and liabilities; objectives and techniques of their classification and valuation

Unit 4 Accounting policies and practices for inventories, plant and equipment,

depreciation , liabilities. A study of accounting standards setting process in India and abroad. Efficient market hypothesis and accounting policies. Theory of accounting policy choices.

Unit 5 Financial reporting , users of financial statements and their needs. Indian

corporate disclosures and their regulation, Type and forms of financial reporting and disclosure, current issues in reporting, Public interest reporting, human assets reporting, segment disclosure and accounting difficulties, social reporting, Environmental reporting

SUGGESTED READINGS Eldon, S. Hendriksen : Accounting Theory , Richard D. Irwin Inc. Ilinois M.W.E. Glautier and B. Underdown : Accounting Theory and Practice , Pitaman Publications Ltd., London Porwal , L.S.: Accounting Theory and Introduction , S. Chand & Co. Mukherji K and Ray , G.D. : Studies in Accounting Theory, the World Press Pvt. Ltd. Bhattacharya S.K. and Roy S.K.: Management Accounting (Incorporating Accounting Theory), S. Chand. & Co. Jawaharlal: Accounting Theory and Practice, Himalaya Publishing House Jawaharlal: Corporate Financial Reporting – Theory, Practice and Cases, Taxmann.

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PAPER 205 A INTERNATIONAL ACCOUNTING

Unit 1 Introduction :

(a) International Accounting and Reporting (IAR) – Concept, Significance, Environment of Cross Border Trade and Investment, its impact on accounting. User's perspective of IAR; Institutional, External and Cultural Influences; Scope – classification and status of IAR, Internationalisation of accounting Profession (b) Global Harmonisation of Accounting : Concept, Rationale, Problems, Status and Challenges; Accounting Diversity- Causes, sources and their models, approaches for harmonisation

Unit 2 Issues of Currency, Price level and Consolidation :

Issues of currency exchange; capital market and exchange rates; Transaction v/s Translation; Accounting for currency differences and fluctuations.Issues related to Euro-Currency Issues of price Changes and Consolidation – methods suggested for international Financial Statements- Preparers v/s Users’ view point. Relevant International Standards as regards all the above issues

Unit 3 Issues of Intangibles including Goodwill, Impact of taxation on the financial

statement (income measurement and valuations context); Problems and accounting aspects of International Joint Ventures

Unit 4 Managerial Issues: Performance evaluation in MNCs; Budgeting (with

emphasis on capital Budgeting and foreign exchange); Transfer Pricing; Risk Management, type and methods

Unit 5 Financial Reporting Practices and Analysis : Role in emerging capital

markets; Factors affecting the reporting ; Segment Reporting : Relevant Standards (IASC) Critical interpretation of foreign financial statements- problems, precautions and techniques. Analysis of financial data for investment and credit decisions and use in credit rating Disclosure practices and broad comparative study of accounting principle differences around the world.

BOOKS RECOMMENDED Roberts C.,P. Weetman and Pual Gordon : International Financial Accounting A Comparative Approach, Pitman Publishing Chol, Fds(Ed.) : International Accounting and Financial Handbook, John Wiley & Sons Donald, H. Chen (Ed.): Studies in International Finance and Corporate Governance, Oxford University Press Saudagaran, S.M. : International Accounting A User Perspective, South-Western, Taxmann, India Rathore , Shirin : International Accounting Relevant Publications of IASC and Other Bodies C.W. Nobbs & R.H. Parker; Comparative International Accounting

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GROUP B – COSTING GROUP

PAPER 204 B COST ACCOUNTING FOR MANAGERIAL DECISIONS

Unit 1 Costing Techniques and Methods of Control :- Marginal costing. Break even

analysis, Differential cost analysis, Break even charts. Stock valuation under Marginal Costing versus Absorption Costing Technique, Budget and Budgetary control, Functional budgets including cash flow budgets, Fixed and Flexible budget, Budget period, Budgetary Control Reports and Budget Revisions.

Unit 2 Cost control for management decisions including production and product

decisions, pricing decision, marketing and distributions decisions, product development of competitive pricing, marketing strategies, pricing for lowest bid tenders, pricing for export sales versus domestic sales.

Unit 3 Cost analysis studies for specific purpose such as make of buy; own or lease,

repair or replace, now or latter, sale of scrap, controllable and non-controllable costs. Sunk costs, Opportunity costs and Joint costs, Optimization of product mix.

Unit 4 Standard costing: general principle, standard costing and Budgetary Control,

advantages, limitations, setting of standard costs, variance analysis – cost profit and sales, presentation of variances, investigation, revision of standards. Accounting of standard costs – partial plan, single plan and dual plan, treatment of cost variances in accounts.

Unit 5 Uniform costing and inter firm comparisons, Reporting requisites of reports,

interpretation and uses by management; Product life cycle costing, Activity based cost management.

SUGGESTED READINGS Prasad, N.K.: Principles and Practice of Cost Accounting Horngren: Cost Accounting A Managerial Emphasis Bhar, B.K.: Cost Accounting Method of Problems ICWA of India: Break Even Concept and Practical Dimensions Roychoudhary & Bhattacharya: Cost and Management Accountancy Methods & Techniques Batty, J.: Management Accounting Kishore Ravi M.: Advanced Cost Accounting & Cost System Guru Prasad Murthy: Accounting for Management Backer and Jucobson: Dicisional Phenomena and the Management Accountants H. Maynand: Top Management Hand Book Anthony, R.N.: Management Accounting: Text and Cases Oswal, Srivastava and Bidawat: Advanced Costing Problems Shillinglow Shillingdow G.: Cost Accounting Analysis and Control Martz Curry and Frank: Cost Accounting Neumner: Cost Accounting

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PAPER 205 B COST ANALYSIS AND CONTROL

Unit 1 Review of Cost Accounting and Information Systems, Concept of Costs, Type

of Costs, Cost analysis for various functions of Management Concept of Control: Operations Control and Management Control, Key variable of mananagerial performance, Developing objective standards for measuring the key variables. Transfer Pricing : Necessity, Methods, Guiding Principles, Benefits of Transfer Pricing.

Unit 2 Analysis of input in terms of engineered capacity and managed cost; concept

of Responsibility Accounting, Performance budgeting; Zero base budgeting Measurement of Divisional Profitability, pricing decision including transfer pricing

Unit 3 Cost Control Accounting : Non integrated accounts, Integrated system of cost

and financial accounts; Control in special sectors, Scrap control, control of R and D Project control, Administrative Control

Unit 4 Cost Reduction and Value Analysis : Techniques, Principle and Procedure ,

measurement and implementation, Learning curve theory, Bench marking Balanced score card & value chain

Unit 5 Cost Audit Nature, objective and scope of Cost Audit, Cost Accounting

Record Rules under Section 209 (i) (d) and Cost Audit Report Rules, Efficiency Audit and Management Cost Audit

SUGGESTED READING Bhabatosh Banerjee : Cost Accounting , World Press. P.Ltd. Prasad, N.K. : Principles, and Practice of Cost Accounting, Book Syndicate Pvt. Ltd. Bhar , B.K. : Cost Accounting Methods and Problems, Academic Publishers Horngren, C. T.: Cost Accounting: A Managerial Emphasis Prentice Hall of India Kamal Gupta : Contemporary Audit , Tata Mcgraw Hill & Co. Pvt. Ltd. Rose, T.G. : Management Audit, Gee & Co. Ltd. Tikhe J. : Cost Audit and Management Audit, Bangalore Chapter of Cost Accountants Martz and Curry, M.F.: Cost Accounting Planning and Control Lawrence, D. Schall & Charlew , W. Haley : Introduction to Financial Management , Tata McGraw Hill Pub. Co. Ltd. Kishore, Ravi M. : Advanced Cost Accounting Cost System Taxation

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GROUP C – TAXATION GROUP

PAPER 204 C TAX PLANNING & TAX MANAGEMENT

Objectives: To Provide an in depth knowledge of tax-laws and their impact on

management decisions Unit 1 Recognized Methods of Tax Planning, Problems of Tax Planning and Tax

Management Unit 2 Tax Planning for Individuals and H.U.F. Unit 3: Tax Planning For Non-corporate entities: Partnership firms and Association of

persons Unit 4 Corporate Tax Planning

Tax Planning for Corporate entities, Public and Private Companies, Tax incentives, Tax incentives for Industrial growth, tax holidays and other reliefs and rebates

Unit 5 Assessment of Charitable Trust, Assessment of Non-Resident, Special

procedure for assessment of search cases, Application of Computer technique in Tax Management

SUGGESTED READINGS Singhania, V.K. : Direct Taxes Law and Practice, Taxman Publications (Pvt.) Ltd., Delhi Sukumar Bhattacharya : Indian Income Tax Law and Practice, Wadhwa & Co., Agra Nagpur Srinivas, E.A.: Corporate Tax Planning, Tata Mcgraw Hill Publishing Co. Ltd. Palkiwala, N.A. and Palkiwala, B.A.: Law and Practice of Income Tax, N M. Tripathi Bombay Iyengar Sampat, A.C.: Law of Income Tax, Bharat Publishing House Allied Publishers Shah, D.D. : A Treatise on Tax Planning N.M. Tripathi , Bombay Lakhotia, R.U. : How to Save Income Tax by Tax Planning , Asia Pub. House, Calcutta Raina, H.P. : Corporate Taxation A Hand Book , Orient Law House , New Delhi/ Allahabad Lakhotia , R.N. : Tax Management , A Pitmans Publication, Calcutta

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PAPER 205 C BUSINESS TAXATION

Unit 1 Central Excise : Nature and meaning of Central Excise, Basis of excise duty,

classification lists, tax liability and valuation of goods and duty, Cenvat, maintenance of records, registration for central excise, Central excise authorities and their powers assessment.

Unit 2 Custom Duty : Introduction, Definition, Authorities and their Powers, Tax

liabilities and valuation of goods, computation of custom duty. Unit 3 Common Topics of Central Excise and Customs: Exemptions, Recoveries,

Demands and Refunds, Appeals and Revision, Advance Ruling and Settlement of Cases, Offences and Prosecution.

Unit 4 Value Added Tax Act : Definitions, Exemptions, Computation, Registration.

Assessment, Penalties and Prosecution with special reference to Rajasthan. Unit 5 Foreign Exchange Management Act, Service Tax (Conceptual Knowledge of

FEMA and Service Tax – Definition, Charge/Basis/Incidence of Tax, Basis Problems relating to Computation)

SUGGESTED READINGS Datey V.S.: Indirect Taxes Law & Practice, Taxmann Publication (P) Ltd. New Delhi Jain, Jay Kumar : Law of Sale and Purchase Tax in Rajasthan, Anand Prakashan, Jaipur Manoharan T.N.: Income-Tax, VAT & Service Tax, Snow white Publications Pvt. Ltd. Mumbai. Bare Act of 'Value Added Tax' JOURNALS Rajasthan Commercial Taxes Bulletin, The Commercial Taxes, Rajasthan, Jaipur Tax Report, Tax Consultants, Jaipur Tax Reporter, Kanhaiya Bhawan, Chandpole Bazar, Jaipur Taxation 174, Jorbagh, New Delhi

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GROUP D – AUDITING GROUP

PAPER 204 D INTERNAL AUDITING

Objective : The increasing size and sophistication of today's enterprises have resulted decentralization of their functions and activities. This has led to increasing remoteness of the management of an entity from its individual functions. Internal audit is an independent appraisal function. Internal audit is an independent appraisal involving specialized application of the techniques of auditing in accordance with the needs of the management in this regard. The objective of this course is to acquaint the students with the tools and application of specialized techniques of internal auditing in the context of internal management and organization. Unit 1 Concept and nature of internal auditing, Management function and scope of

internal auditing, impact of the CARO-2003 on the Internal auditing function, Appraisal of organisation structure

Unit 2 Qualification of an internal auditor, Independence of an internal auditor,

Organisation and Training of Staff Assignment of Audit Project : Organisational status of the Internal Auditor- scope for Audit Committee

Unit 3 Planning of the Internal Audit Project : Familiarisation, Preparing check list ,

Internal Control Questionnaires, Audit Programmes Verification of Evidence Detailed checking versus sampling plans, statistical sampling as used in Internal Auditing, Review of Information System : Verification of reliabilities and integrity of financial and operating information

Unit 4 Evaluation of the economics and efficient use of resources, custodianship and

safe guarding of assets: Proper accounting and protection from loss, Internal Auditor and the investigation of frauds

Unit 5 Audit Note and Working Papers

Audit Reports, Technique of Effective Reporting, Follow up of Audit Report, Summary Reports to Top Management, Professional standards for internal auditing

SUGGESTED READINGS John, Thurston : Basic Internal Auditing : Principles and Techniques, Internal Text Book Co. Gupta , Kamal : Contemporary Auditing , Tata Mcgraw Hill Co. Pvt. Ltd. Bigg, W.E. & Davies, J.O.: Internal Auditing for Management, Prentice Hall, 1953 Chambers, Andrews: Internal Auditing, Commercial Clearing House The Instt. of Internal Auditors, U.S.A. : Standards for the Professional Practice of Internal Auditing Institute of Internal Auditors, U.K. : (A) Internal Auditing, Of Electronic Data Processing Systems Behavioural Pattern of Internal Audit Relationship the Internal Auditors Journal of the IIa, U.S.A.

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PAPER 205 D COST AND MANAGEMENT AUDITING

Objective : To provide an in depth study of the body of knowledge comprising the technique and methods of planning and executing a Cost Audit Assignment and adequate awareness and understanding of theories and problems of Management Audit Unit 1 Meaning of Cost Audit, Rationale and Dimensions, types of Cost Audit Unit 2 Cost Auditor, qualifications, appointment, Rights, duties and responsibilities.

Professional Ethics; the Interaction and Co-ordination between the Public Accountant and Cost Auditor

Unit 3 Evaluation of Internal Control System including Inventory and capacity

utilisation Management Information system, Cost Audit Standards and Guidelines, the Cost Audit Reports

Unit 4 Management Audit: Concept and scope, Evaluation of Organisation Unit 5 Corporate Social Audit: Concept, Dimensions and techniques, Corporate

Social Reporting SUGGESTED READINGS Berry, J.P. : How A Company Should Plan for Cost Audit, the Cost and Management Consultancy Bureau Gupta , Kamal : Contemporary Audit , Teta Mcgraw Hill & Co. Pvt. Ltd. Rose , T.G. Management Audit , Gee & Co. Publishers Ltd. Tikhe, J.G. : Cost Audit and Management Audit, Ramesh Book Depot, Jaipur Khandelwal, M.C. : Prabandhkiya Ankekshan, Ramesh Book Depot, Jaipur Choudhary, D : Management Audit and Cost Audit New Central Book Agency, 8/1, Chintamani Dass Lane, Calcutta, 700 009 Ramanathan : Cost and Management Audit, Tata Mcgraw Hill, New Delhi

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GROUP E – FINANCIAL ANALYSIS GROUP

PAPER 204 E INVESTMENT MANAGEMENT

Unit 1 Introduction: Nature and scope of investment management, investment media,

Fundamentals of investment programme and process of investing; Financial Markets for short term and long term securities in India New issue market and stock exchange, mechanism of floating new issues and security trading, Stock exchange membership, listing of securities in stock exchange and legal control , Security and Exchange Board of India and its functions, Capital issue control

Unit 2 Fundamental and General Market Analysis, Technical Analysis, Price charts

and stocks Company Analysis , Selection Techniques, Valuation Models of Equity, Preference, Convertible and non-debt securities

Unit 3 Investment : Objective, Constraints and alternative forms. Traditional portfolio

management, Modern Portfolio theory, Portfolio construction models methodology and uses. Diversification and undiversification and undiversificable risks, interest rates. Dividend policies, Tax beneficial schemes and financial and financial intermediaries

Unit 4 Portfolio Evaluation : Need and Prices of portfolio evaluation, Portfolio

selection and international diversification techniques of portfolio revision- scope and formula plans

Unit 5 Policies and performance Evaluation. Investment Policies of individual and

institutions, Investments Criteria and timing, Investment companies Ranking Fund Average Returns, Efficiency and reliability of the fund performance. Share's and Treynor's portfolio performance measures.

SUGGESTED READINGS Fredric, Amling: Investment (Prentie Hall) William, F. Sharke : Investment (Prentice Hall) Gupta, L.C. : Return of Equities-The Indian Experience (Exford, New Delhi) Bhalla, V.K.: Investment Management (S. Chand & Co., New Delhi) Sinha, Hemlata and Balkishan : Investment Management, IFMR. Dougall and Corrigan : Investments (Prentice Hall) Jones, Tuttle and Heaton : Essential of Modern Investments (Ronald Press) Herbert, B. Mayo : Basic Investments, the Dryden Press Fisher and Jordon : Security Analysis and Portfolio Management Prentice Hall

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PAPER 205 E PROJECT APPRAISAL AND MANAGEMENT

Course Objective:

The basic objective of the course is to equip the students with entrepreneurial skills like project formulation, evaluation, monitoring and control etc.

Course Contents:

Unit 1 Basic Concept: Concept of a Project, categories of projects, project development cycle. The concept of project management, tools and techniques of project management, Forms of Project organizations.

Unit 2 Project Formulation: Project identification, Project formulation and preparation:

Market and Demand estimation, market survey, demand forecasting; Technical factors – Material Inputs, technology, production, plant capacity, location and site, civil works, charts layouts, work schedule, cost of project, means of financing, estimates of cost, financial projections.

Unit 3 Project financing: The concept, arrangement and parties.

Project Appraisal Criteria - Payback Period, ARR, NPVI, IRR and social cost-benefit analysis, and risk analysis.

Unit 4 Process of Project Appraisal: Technical, economic, financial, legal and social

appraisal of the industrial projects, problems arising due to rate of discount, wage-rates, exchange rates, treatment of taxes, social cost – benefits, treatment of risk and uncertainty, sensitivity analysis and probability approach – single as well as multiple projects.

Unit 5 Implementation, Monitoring and Control of Projects: Project scheduling,

network techniques for resource and cost budgeting and scheduling, project management teams and coordination. Monitoring and post implementation evaluation of the projects.

Suggested/Further Readings Prasanna Chandra Project: Preparation, Appraisal, Budgeting a

and Implementation P.K. Matto Project Formulation in Developing

Countries Chitale Project Viability in Inflationary Condition Dass Gupta & Sen Guidelines for Project Evaluation Cleland and Kind System Analysis and Project Management Nagendra P. Singh Emerging Trends in Entrepreneurship

Development D.K. Jain Project Planning and Appraisal in Planned

Economy M. Mohsin Project Planning and Control.

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GROUP G – SYSTEMS GROUP

PAPER 204 G SYSTEM ANALYSIS AND DESIGN

Unit 1 System : An Overview , Concept

System Development Life Cycle : (I) Preliminary Investigation (II) System Analysis or Requirement Analysis

Unit 2 (III) System Design : Input, Output, Processing, Storage and Control (IV)

System Development (V) System Testing (VI) System Development and Maintenance

Unit 3 Data Processing : Basic Concept, Operation and Methods

Introduction to Computer Basic : Concept : Input, Output, File Media, Binary System Computer Hardware : Various Types, Computer Software, Need and Types of Software

Unit 4 Overview of Accounting Information System, Various Application of Data

Processing with Regard to Accounting, Function, Personal Wages Accounting, (Payroll), Cost Accounting, Financial Accounting General Ledger : Billing and Inventory Control,

Unit 5 Internal Control Under Data Processing System, Audit Problems Under

Processing Systems. Application for Electronic Data Processing (EDP) Using the Computer System for Purpose of Internal Audit, Methods and Comparison

SUGGESTED READINGS Awad, Ediaf M. : System Analysis & Design, 2nd Edition 1999, Galgotia Publication Bodnar, George H. : Acconting Information System, Sixth Edition, 1995, Prentice Hall Carver, D.K. : Introduction to Business Data Processing, 2nd Edition 1976, John Wiley Chakraborty, Uday K.: Software & Systems, 1995 Wheeler Publishing House Condon, J. Rober : Data Processing, System Analysis and Design , 1975, Reston Publishing Daris, Gordon B : Computer Data Processing Asian Edition Essisch Deck : Principles of Business Data Processing , 1978, Science Research Associates Gellinas , Sutton & Oram : Accounting Information System, 4th Ed. 1999, South Western Gupta , Kamal : Contemporary Auditing, Sixth Edition, Tata Mcgraw Hill Publishing Trilokekar, Nitant P. : Auditing in Computer Environment , 1995, Taxmann

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PAPER 205 G DECISION SCIENCE

Unit 1 Operations Research : Nature, signification and purpose of Operations

Research ; Basic concepts and Definition ; Methodology of Operations Research; Construction, solution and Testing of the Models; Implementation and Control of the Solution

Unit 2 Linear Programming: Graphical, trial and error and Simplex Methods; Duality

problems. Transportation and Assignment Problems Unit 3 Decision Theory : Statistical Decision Theory ; meaning and scope ; decision

Framework ; Bayesian Decision Theory; Decision Tree; Game Theory and Two Person Zero sum Game, Simulation

Unit 4 Network Analysis ; PERT and CPM, Sequencing Unit 5 Experimental Designs; Latin Squares and Factorial Design, Queuing theory ;

Other OR Techniques; Inventory Control , Input-output techniques, Replacement and Maintenance Methods

SUGGESTED READINGS Leonard, W. Hein : the Quantitative Approaches to Managerial Decisions Sesieni, Mauriee , Yespan, Arthur & Friedman, Lawrence : Operation Research Method and Problems Churchman, C.W. Ackoff, R.L. & Asnoff, E.L. : Introduction to Operation Research Miller, R.W. : Schedule , Cost and Profit With Pert Loomba, N. Paul : Linear Programming Gupta , P.K. & Hira, D.S. : Operations Research : an Introduction (Published by Sultan Chand & Company Ltd. New Delhi )

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GROUP H – APPLIED ACCOUNTING GROUP

PAPER 204 H STRATEGIC MANAGEMENT & MANAGEMENT CONTROL SYSTEM

Course Objective: The objective of this course is to enhance the decision-making abilities of students in situations of uncertainty and to evolve and monitor the Management Control System in a dynamic environment. Course Contents: Unit 1 Business Policy and Strategic Management: Concept of Business Policy;

Generic Policies; Strategic Planning and Analysis – Environmental scanning, SWOT, TOWS Matrix, BCG Matrix, SBU,

Unit 2 General Concept of Control, Organizational, Operational and Management

Control, Characteristics of MCS. Financial Planning and Control - Concept, Nature and intertwining. Emerging Concept of Corporate Governance – Shareholders v/s Stakeholders. Portfolio Analysis. Growth through expansion, diversification.

Unit 3 Responsibility Accounting and Management Control: Responsibility Centres,

Expense Centre, Investment Centre, Profit Centre. Their organization structure, types, performance evaluation, and key variables as indicators of control. Segment Reporting (AS-17)

Unit 4 The Process of Control: Programming and budgeting, budgeting with network

analysis. Performance budgeting and evaluation. Critical Study of Zero-base budgeting. Behavioural considerations of the MCS techniques - Responsibility centres, budgets, budgetary slack, motivational impact, drawbacks, remedies.

Unit 5 Objectives and principles of reporting: Designing and flow of Performance and Evaluation Reports for different levels (Activity Based Management, Balanced Score Card, EVA). Information raising for Business Policy and Strategic Planning & Management. Management Control in decentralized organizations - Divisional and functional performance, (Production, Marketing, HRM) Transfer-Pricing: Methods, Problems, Practices. AS-17, Managerial Implications. Control for Strategy Implementation. MCS in Project and MNCs. Global issues in Strategic Management.

Suggested/Further Readings Bubhiraja, S.B. and M.B. Athereys: Cases in Strategic Management, Tata McGraw Hill, New Delhi. Coutter, Mary K.: Strategic Management in Action, Prentice Hall, New Jersey. David, Fred R.: Strategic Management, Prentice Hall, New Jersey. H.Jgor, Ansoft: Implanting Strategic Management, Prentice Hall, New Jersey.

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Newman, William H, and James P. Logan: Strategy, Policy and Central Management, South-Western Publishing Co. Cincinnati Ohio. Sharma, K.A.: Strategic Management in Indian Companies, Deep and Deep Publication, New Delhi. Banerjee B.P.: Corporate Strategic, Oxford University Press. Wagner Keller & Willim & Ferrerd: Management Accounting for Profit Control, Tata McGraw Hill. Anthony, Vancil & Dearden: Management Control System. Glen A. Welsch: Budgeting, Profit Planning & Control, Prentice Hall. Robert Anthony & Vijay Govind A Rajan: Management Control System, Tata McGraw Hill. Jain G.R. & Tondon Atul: Shaping Organizational Strategies, Response Books. Virmani B.R.: The Challenges of Indian Management, Response Books. Mohinder N. Kaura: Management Control & Reporting System, Response Books. P. Sarvanavel: Management Control System, Himalaya Pub. House. Robert J. Mockler: The Management Control Process, Appleton-Century Crofts. Horuglen C.T.: Accounting for management Control: An Introduction, Prentice Hall. Rose T.G. & Fars D.E.: Higher Management Control, McGraw Hill Arther & Mills: The Dynamics of MCS, London Bus-Publ. Samuel Eilon: Management Control, McMillan.

PAPER 205 H ACCOUNTING APPLICATIONS IN FUNCTIONAL MANAGEMENT

The course is designed with a view to imparting knowledge about role of accounting information in planning, organizing, directing controlling operational activities of the firm. Unit 1 Material Management: Material as an input cost, Areas of cost savings through

Materials Management – design, purchase, receipt, store, handling and consumption stage, cost analysis for purchase efficiency and vendor rating, purchasing objectives, Procedure and forms, Inventory and its functions and cost. Inventor order and control policies, Cost Curves and quantity discounts, stores procedure records and accounting and verification procedures.

Unit 2 Production Management: Nature of Production decisions relating to make and buy,

process further or sell, equipment replacement, manufacturing process and differential cost benefit analysis, cost data for plant location and expansion decisions. Manufacturing budgets and their preparation, production assets and their accounting, Manufacturing variances and their analysis, Accounting ratios for production control. Manufacturing contribution and production, management performance appraisal, parta systems of manufacturing profit or loss control.

Unit 3 Marketing Management: Nature of marketing function, Marketing Mix, Marketing assets

concept of marketing costs, decision relating marketing activity by whom, Marketing contribution and return on Marketing investment, Pricing decisions and role of cost information, Pricing methods based on cost plus, full cost, rate of return, marginal cost, Pricing of joint products and by products Channel, logistic and size of Cost benefit analysis product, territory, channel, logistic, size of order wise, Advertising cost and their types, costs benefits analysis of advertising. Marketing budgets and their preparation, sales force appraisal through accounting information. Accounting ratios for marketing management, marketing control tools and techniques.

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Unit 4 Personnel Management: Functions and areas of personnel management, labour as an

input cost, Methods of wage payment, basic wage cost records, wage payment and labour cost. Wage incentives, payment of salaries to managerial personnel, compensation to foreign technicians, cost implications of wage agreements, cost analysis of labour and regarding recruitment, training, development, wage cost control techniques, Developing budgets and computation of labour variances, about productivity accounting.

Unit 5 Financial Management and Control: Functions of Financial Management, Concept of

Financial Contribution and financial management performance, financial goal setting analysis, ROI sensitivity analysis, Concept and techniques of responsibility budgeting, Reporting system for financial control, cost benefit analysis and credit and discount policy decision, Dividend and Accounting records. Accounting ratios for fixed working capital control investment appraisal methods, performance and zero base budgeting.

SUGGESTED READINGS: Guru Prasad Murthy: Management Accounting, Himalaya Publishing House Gopal Krishan, P. and Sundram, M.: Materials Management an Integrated Approach, Prentice Hall of India, New Delhi Kotlar, Philip, 1986: Marketing Management: Analysis Planning and Control, Prentice Hall of India, New Delhi Gupta, S.P.: Management Accounting, Sahitya Bhawan, Agra Agarwal, R.D.: Organization and Management, Himalaya Pub. House Khan and Jain: Financial Management Pandey, I.M.: Financial Management Agarwal and Agarwal: Vitteeya Prabandha Kulshreshta, R.S.: Nigam Vitta Evam Prabandha

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GROUP I – GOVERNMENT ACCOUNTING GROUP

PAPER 204 I GOVERNMENT ACCOUNTING

Unit 1 Government Accounting Introduction , difference with financial accounting,

Consolidated Fund, Contingency Fund, Public Accounts Committee, Comptroller and Auditor General of India his duties, powers and liabilities

Unit 2 Provisions of G.F. & A.R.. (Rajasthan Government) with regard to Schedule of

powers, withdrawal of money, government revenue, expenditure and puchases

Unit 3 Provision of R.S.A. with regard to appointment, service conditions, leave,

disciplinary proceedings, pension and gratuity Unit 4 Important provisions of Treasury Rules, Forest Department Rules, Public

Works Accounts Rules, and Traveling Allowance Rules of Rajasthan Government. The Rajasthan Municipalities Accounts Rules, 1963, Rajasthan Municipalities Development Fund Rules, 1984

Unit 5 Government Audit, Statutory Audit, Local Fund Audit, Internal Audit, Statutory

Audit, Preparation of Proforma Accounts for Commercial Departments. Local Self Government Accounting, Municipal Accounts and Audit, Budgeting and Financial Control

SUGGESTED READINGS G.F. & A.R. R.S.R. Traveling Allowance Rules, Government of Rajasthan Forest Rules P.W.F. & A.R. Initial Account's Rules of Central Government

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PAPER 205 I ACCOUNTING FOR SPECIAL ORGANIZATIONS

Unit 1 Accounting system in Stock Exchange Unit 2 Farm Accounting (including Agriculture, Horticulture, Dairy, Poultry &

Fisheries); Lease Accounting Unit 3 Accounting for Hotels (including I.T.D.C.)

Accounting for Public Sector Units (with Special reference to Indian Air Lines, Air Lines, Air India And SAIL)

Unit 4 Accounting for Co-operative Societies

Accounting for Development Banks (Special reference to IDBI) SFC Accounting in investment companies (LIC, UTI) with reference to Mutual Funds

Unit 5 Accounting for charitable and other trusts Accounting and financial control in Universities SUGGESTED READINGS Siolney Davideen, Clydep Stoctney, : Intermediate Accountancy : Concepts, Methods And Uses, Roman L. Hall Horngren, C.T. and Harrison Jr. W.T. : Accounting Hrishikesh Chakraborty and Shukla, M.C. : Advanced Accountancy Grewal , T.S. and Gupta, S.C. : Advanced Accounting Management Accountancy Journal, ICWAI Chartered Accountancy Journal, ICAI

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GROUP J – COMPUTER ACCOUNTING GROUP

PAPER 204 J ACCOUNTING INFORMATION SYSTEM

Unit 1 AIS an Overview, Production of Accounting Information in an Organisation ;

Accountant and System Work; System Theory, System Techniques Unit 2 Accounting System (AS) Introduction, Analysis and Design of AS, Design Criteria for AIS Unit 3 Accounting in Computer Environment :

Accounting and Data Processing : Fundamental Double Entry Processing Alternatives; Designing Double Entry System; Coding System for Data Processing; Automoted Data Processing Procedure Design and Record Form; Retention Consideration

Unit 4 Data Processing System for Accounting :

An Overview of Data Processing; Coding Data for Computer Processing, Organising and Operation of Hardware Units, Organising Data for Computer Processing, Elements of File Organisation: Techniques: Data Management Concepts

Unit 5 Accounting Procedures and Control in Computer Environment :

Batch Processing of Accounting Applications, Control of Computer Processing; Software System, A Hierachy of Software System

SUGGESTED READINGS Bondnar, George E. : Accounting Information System, Allyn and Bacon, London Bodnar, George E. : Accounting Information System, Prentice Hall Jain, V.K. : System Design and Business Application, BPB Cushing , B.E. : Accounting Information System and Business Organisation, Addison-Wesley Bower, J.R. and C.T. Zlatkovich : Financial Information Systems, Theory and Practice, Allyn & Bacon, London Thomas, W.E.: Acconting System : Their Design and Installation, Lassale Extension University Press, Chicago

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PAPER 205 J ACCOUNTING & AUDITING IN COMPUTER ENVIRONMENT

Unit 1 Computer Environment : An Introduction

Computer fundamentals; hardware concept, software, Introduction to Operating Systems; DOS and WINDOWS and their utilities

Unit 2 Software Application in Accounting

Word processing applications in preparing financial and audit reports. Spread sheet applications in preparing and analysis financial and cost statements

Unit 3 Data Base for Accounting

Data base Management System (DBMS): Introduction and application in creating data base for accounting information and analysis

Unit 4 Accounting in E- Environment

Accountants role in E-Environment : Internet technology : Concept and how it works Introduction to e-commerce, Advantages and growth of e-commerce, security considerations, digital currencies, credit cards, supply chain management, role of an Accountant

Unit 5 Auditing in Computer Environment

Information System and Control, Internal Control System (ICS); Human Factors in ICS, analysis of ICS Auditing of Cycle Application : Revenue, Expenditure, Production and Finance

SUGGESTED READINGS Deitel : Operating System , Addison Wesley Sanjay Saxena : Ms Office 2000, Vikas Publishing House R.K. Taxali : Pc Software For Windows, Tata Mcgraw Hill Kalakota : E-Business Readmap for Success, Longman Kalakota : Frontiers of Electronics Commerce, Longman Gupta , Kamal : Comtemporary Auditing , Tata Mcgraw Hill Ghatolia, S.V.: Spicer And Pegler's Practical Auditing (Allied) Tondon, B.N. : A Hand Book Of Practical Auditing , S. Chand And Co. Sharma , T.R. : Higher Auditing, Sahitya Bhawan