SYLLABUS
Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII & VIII
For 2017-18 and 2018-19 Sessions

SYLLABUS
Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII & VIII
For 2017-18 and 2018-19 Sessions

SEMESTER- VII	
				           		                                Theory    Internal	Credit	
									             Assessment
 
MFY 7.1	Quantitative Techniques for Business		70	   30		     5	
MFY 7.2	Organisational Behaviour   				70	   30		     5	
MFY 7.3	Management of Financial Services   			70	   30		     5
MFY 7.4	Accounting Theory and International Accounting     70	   30		     5
MFY 7.5	Workshop on Personality Development and               -             50		     3	
                         Soft Skills                                    		  

SEMESTER- VIII 
                                                                                                        Theory    Internal	Credit
                                                                                                                         Assessment

MFY 8.1	Funds Management in Banks                                     70	    30  		    5	
MFY 8.2	Research Methodology 				70	    30		    5	
MFY 8.3	Strategic Cost Management     			70	    30		    5
MFY 8.4	Contemporary Issues in Business Environment	70	    30		    5 
MFY 8.5	Management Information and Control System 	70	    30		    5
MFY 8.6          Viva-Voce                                                                   -             50		    2 

Note:	There will be summer training of 6-8 weeks during summer vacations after 
	M.Com. (Honours School –Five Year Integrated Course) Part-IV( VIII semester)

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII
(2017-2018 & 2018-2019)

Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER- MFY 7.1    Quantative Techniques for Business 

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

UNIT-I

	Operations Research: Concept and significance of operations research; Evolution of operations research; Steps in designing operations research studies; Operations research models.

Linear Programming and its Applications: Graphic method and simplex method; Duality problem; Transportation problem; Assignment problem. Introduction to other types of Programming: Goal programming; Integer programming; Non-linear programming (introductory only).

Waiting Line Models: Waiters and services; Mathematical distribution of queues; Basic models of queuing theory and applications.

UNIT-II

	Inventory Control: Deterministic models and probabilistic models. Game Theory: Zero sum game; Pure and mix strategies; Criteria of sharing strategies.

Simulation: Application of simulation techniques; Monte-Carlo approach. Net-work Analysis: Introduction to PERT and CPM, and their application areas.

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII
(2017-2018 & 2018-2019)

Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER- MFY 7.2:     organisational Behaviour

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
          Organisational Behaviour: Concept, importance and emerging challenges. Relationship between Management & Organisational Behaviour; individual behaviour Attitude; Perception; Learning; Personality and values.
         
           Motivation: Need, Theories and Motivational practices in organizations; Group Dynamics and Team Development; Definition and importance, types of groups, group formation, group development, group composition, group performance factors, team development.

Unit-II

        Leadership: Theories and Styles; Communication: Channels, Barriers, Types, Process, Making Communication Effective. Power and Politics; Organisation Culture: Concept, Creating and Sustaining Culture, learning culture; Work Stress & its Management. 

        Organisational Conflicts: Sources, levels and types of conflict, Traditional and Modern approaches to conflict, Functional and Dysfunctional organisational conflicts, Resolution of conflict.
       Concept and Need for Change, Resistance to change, Theory of Planned Change.

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII
(2017-2018 & 2018-2019)

Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER- MFY 7.3     : Management OF Financial Services 

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

UNIT-I
          Financial Services: Nature and types, Regulatory environment governing financial services. Merchant Banking: Services provided by merchant banks, SEBI Regulations, Self Regulations by merchant banks; Underwriting: Concept and SEBI Regulations.

         Credit Rating: Meaning, Significance, types, Rating Methodology, Drawbacks, SEBI Regulations for credit Rating, Credit Rating Agencies in India. Leasing: Meaning, characteristics, types, Leasing services in India.

Unit-II
	
       Venture Capital: Meaning, Characteristics, SEBI Guidelines, Venture Capital Funds in India. Factoring: Types, Factoring in India; Securitization: meaning, features, mechanism & its benefits; Depository Services, NSDL and CDSL.

       Mutual Funds: meaning, types, risks involved in mutual funds, trustees, Asset management company, custodian; Mutual Funds in India. Consumer Finance: Introduction, growth and present scenario.   

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII
(2017-2018 & 2018-2019)

Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER -  MFY 7.4   ACCOUNTING THEORY AND INTERNATIONAL ACCOUNTING

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
Accounting Theory: Nature, Foundations and Structure; Development of accounting standards in India; Corporate Social Performance: Areas, Measurement and Public Reporting of Corporate Social Performance. Accounting for Price Level Changes: Nature and Techniques; Accounting for Human Resources:  Need, Methods of Valuation; Environment Accounting. Corporate Reporting Practices in India and evaluation.  

Introduction to International Accounting : Interaction between accounting and its environment. Meaning and domain of international accounting.

	International financial reporting : concept and differences in international financial reporting. Reporting problems of Multinational Companies.

Comparative financial reporting in US, UK, China, Japan and India.

Unit-II
International harmonisation of financial reporting : Need, Role of IASB, OECD, EU and IOSCO (International Organisation of Securities Commissions), Convergence of accounting standards.

International transfer pricing : meaning, objectives, methods and regulation

	Accounting for foreign currency transactions and translation : approaches to accounting for foreign currency transactions, methods of foreign currency translation. Practices in various countries.

	Issues related to consolidation of financial statements of MNCs.

	International taxation : diversity of national tax systems, taxation of foreign source income and double taxation.
	Evaluating the performance of foreign operations.

Suggested Readings :
1.	Choi, Frederick D S and Meek, Garry K, "International Accounting", Pearson Education 5th edition. 2007.
2.	Doupnik, Timothy and Perara, Hector, "International Accounting", Mcgraw Hill international edition, 2007.
3.	Saudagaran, Shahrokh M. International Accounting - A Users perspective", Thompson, 2nd edition, 2007.
4.	Iqbal, zafar M, Melchar, Trini U, and Elmallah, Amin A, International Accounting : A Global Perspective". International Thomson publishing.
5.	Rathore, Shirin, "International Accounting", PHI

           .

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VII
(2017-2018 & 2018-2019)

Lectures delivered: 60							Internal Assessment:50

MFY 7.5 WORKSHOP ON PERSONALITY DEVELOPMENT 
AND SOFT SKILLS
UNIT-I
Introduction:  Concept of Personality, Personality consiousness, personality patterns, Determinants of Personality: biological, psychological and socio- cultural factors. Self-Awareness and Self-Motivation, Self-analysis: SWOT ,Memory improvement ,Behavioral traits,
Personal behavior, Attitude, Memory and study skills, social behaviour, job related skills, communication & negotiation skills, creative thinking, Power of positive thinking, General knowledge and current affairs. 

UNIT-II
Stress Management, Social Skills and Conflict Management Skills, Interpersonal Skills, Time Management, Personal / interpersonal skills, Leadership skills & strategic busting, Team spirit and team building, Self efficacy, Motivation & critical thinking, Conflict resolution, Emotional intelligence, Decision making and problem solving.
  
Note : In general, the workshop covers all important facets of core job elements, solution for career advancement and talent management and soft skills including body language, positive thinking, winner’s attitude, public speaking and presentation skills required of a candidate for a business organization.

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VIII
(2017-2018 & 2018-2019)
	
Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER-  MFY 8.1 :   Funds Management in Banks 

Instructions for paper setter/examiners
	
The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

UNIT-I
Liquidity Management in Banks: Significance & theories; Priorities in the employment of bank funds; Problems in resource allocation in India. Management of capital Funds in commercial banks: Meaning and functions of capital funds; Necessity of adequate capital funds; Standard to measure capital adequacy; Present position in India with respect to capital adequacy.

Management of Primary Reserves: Nature and purpose; Legal reserves: nature and function; Working reserve: nature and function; Cash management in commercial banks.  Management of Secondary Reserves: Nature and function; Factors influencing secondary reserves; Estimation and management of secondary reserves.

Asset Liability Management: concept & objectives. Management of Bank Deposits: Relevance of marketing approach to deposit mobilisation in banks : Concept of bank marketing; Formulating marketing strategies for commercial banks: opportunity analysis, target market, competitive positioning; Implementing marketing strategy.

UNIT-II
Management of Bank Loans: Characteristics of commercial loans, Loan policy in a commercial bank; Evaluating loan application: credit information, credit analysis, credit decision; Priority sector lending policies of commercial banks in India.

Management of Bank Investments: Nature and principles of security investment of commercial banks: Formulating investment policy; Volume and pattern of investment of commercial banks in India. Management of Income: Determination of Income in commercial banks, pattern of income in commercial banks.

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VIII
(2017-2018 & 2018-2019)
	
Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER- MFY 8.2:   Research Methodology

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

UNIT-I

         Introduction to Research: Nature, Objectives, Types, Utility and process of research. Planning a research: selection of problem; setting objectives; formulation of problem; Hypothesis: Meaning, Nature, Importance, Types, Criteria for Construction of Hypothesis, sources of deriving hypothesis. Research design.

         Collection of data: primary and secondary data; methods of collecting primary data: observation, experimentation, interviewing, mail survey, schedule and questionnaire; pilot study and pre-testing of questionnaire. Secondary Sources: Types and sources of locating secondary data and computer assisted information acquisition. 

UNIT-II
           Sampling Methods:  Probability and non-probability methods; sampling frame, sampling design, sampling and non-sampling errors; size of a sample. Statistical Analysis of Data: Correlation and Regression.

          Testing of Hypothesis: Procedure, Measuring power of test; Tests of Hypothesis: type I & II errors, Statistical Tests: Chi square, t-test, f-test, z-test & Kendal's co-efficient of concordance (w-test),  Kruksal wallis H test, Wald Wolfowitz test, Factor analysis. Report writing: Mechanics of report writing, preliminary pages, Main body, appendices. 

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VIII
(2017-2018 & 2018-2019)
	
Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER -  MFY 8.3 :  STRATEGIC COST MANAGEMENT

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
	Traditional and Modern Costing System: Cost Management System; Concept, Factors Affecting Cost Management, Cost Assignment; Direct tracing, Driver Tracing and Allocation Strategic Cost Management (SCM): Concept and Philosophy, Key elements in SCM, Value Chain Analysis, Strategic Positioning and Cost Driver Analysis. Contemporary Cost Management: Activity Based Costing; Concept, rationale, issues and limitations. Design and Implementation of Activity Based Costing.

Unit-II
	Activity Based Management and Activity Based Budgeting: Target costing, Life cycle costing, Kaizen Costing, Back Flush Costing.

	Cost Management and Performance Evaluation, Evaluation criterion: Return on Investment, Residual Income, EVA and MVA; The Balanced Scorecard; Strategic Based Control; concept, process and implementation of Balanced Scorecard, Challenges in implementation of Balanced Scorecard. Transfer Pricing and Divisional Performance. Transfer pricing in International Business.

Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VIII
(2017-2018 & 2018-2019)
	
Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER - MFY 8.4: Contemporary issues in business environment  
	
Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I
         Theoretical  Framework of Business Environment : Concept, significance and nature of  business environment; Elements of environment : internal and external; Changing dimensions of business environment; Techniques of environmental scanning and monitoring.
           
          Economic Growth and Development; Economic and Human Development: Factors in economic development, Components of human development, Human Development Index. 
Environment Protection: Environment degradation, Environment protection policy under Five Year Plans. 

Unit-II
          Socio-Cultural Environment: Critical elements of socio-cultural environment; Social Institutions and Systems; Social values and attitudes; Social groups; Dualism in Indian Society and problems of uneven income distribution; Emerging rural sector in India; Indian business system; Social responsibility of business; Consumerism in India. 

           International and Technological Environment: Multinational corporations; Foreign collaborations and Indian business; Non-resident Indians and corporate sector; Technological environment in India; Policy on research and development; Patent laws; Technology transfer. World Economic Crisis : causes and its impact on Indian economy.                    .
Master of Commerce 
(Honours School –Five Year Integrated Course) Part-IV
Semester VIII
(2017-2018 & 2018-2019)
	
Time Allowed: 3 Hrs.							Internal Assessment: 30
Lectures delivered : 60						External  Assessment: 70
									Credit			: 5

PAPER- MFY 8.5    Management Information and Control System

Instructions for paper setter/examiners

The question paper will consist of three sections. Section A and B (Consist of unit I and II of the syllabus, respectively) will have four questions each from respective units and candidates are required to attempt two questions each from section A and B. Each question in section A and B shall carry 10 marks. Section C will consist of 12 short answer type questions covering entire syllabus and the candidates are required to attempt any ten questions.  Each question  in section C will carry 3 marks. 

Unit-I 

Introduction to Management Information System (MIS): Meaning and Role, MIS concepts, Types, Information Flow in Management. Development of Management Information System. Managing Information System: Information System Security and Control; Challenges of Management Information Systems; Ethical and Social Impact of Information System.

MIS for Management Support: Planning with MIS, Control with MIS, Problem Solving and Decision Making.

Unit-II

	 Nature of Management Control System (MCS): Basic concepts, boundaries of Management Control. Management Control Environment; Understanding Strategies, Goals, Business Unit Strategy. Behaviour in organizations, Goal Congruence, Informal factors influencing goal congruence, Formal Control Systems. 

	Responsibility Centres: Concept, nature, types. Expense Centres: Administrative & Support Centres, R & D centres. Revenue Centres, Profit Centres: General considerations, Business Unit as profit centre. Transfer pricing: objectives, methods of transfer pricing. 
Investment Centres: Structure of analysis, EVA vs ROI. Budget preparation process; Performance Measurement Systems, Interactive Control.