1. FinancingAccounting:
COMMERCEANDACCOUNTANCYPAPER-I
AccountingandFinanceAccounting,Taxation& Auditing
Accountingasafinancialinformationsystem;Impactofbehaviouralsciences.AccountingStandardse.g.,accountingforDepreciation,Inventories,ResearchandDevelopmentCosts,Long-termConstructionContracts,RevenueRecognition,FixedAssets,Contingencies,ForeignExchange
Transactions,InvestmentsandGovernmentGrants,CashFlowStatement,EarningsperShare.AccountingforShareCapitalTransactionsincludingBonusShares,RightShares.
EmplyeesStockOptionandBuy-BackofSecurities.PreparationandPresentationofCompanyFinalAccounts.Amalgamations, Absorptionand ReconstructionofCompanies.
2. CostAccounting:
Natureandfunctionsofcostaccounting.InstallationofCostAccountingSystem.CostConceptsrelatedtoIncomeMeasurement,ProfitPlanning,CostControlandDecisionMaking.
MethodsofCosting:JobCosting,ProcessCosting,ActivityBasedCosting.Volume-cost-ProfitRelationshipasatoolofProfitPlanning.
IncrementalAnalysis/DifferentialCostingasaToolofPricingDecisions,ProductDecisions,MakeorBuyDecisions,Shut-DownDecisionsetc.
TechniquesofCostControlandCostReduction:BudgetingasaToolofPlanningandControl.StandardCostingandVarianceAnalysis.
ResponsibilityAccountingandDivisionalPerformanceMeasurement.
3. Taxation:
Income Tax: Definitions. Basis of charge; Incomeswhich do not form part of total income. Simpleproblems of computation of income (of individuals only) under various heads, i.e., salaries, incomefrom house property, profits and gains from business or profession, capital gains, income from othersources,Incomeofotherpersonsincludedinassessee’stotalincome.
Set-offandCarryforwardofLoss.DeductionsfromgrossTotalIncome.
SalientFeatures/ProvisionsRelatedtoVATandServicesTax.
4. Auditing:
CompanyAudit:AuditrelatedtoDivisibleProfits,Dividends,Specialinvestigations,Taxaudit.
Audit of banking, Insurance, Non-Profit Organization and Charitablesocieties/Trusts/Organizations.
FinancialManagement,FinancialInstitutionsandMarkets
- FinancialManagement:
FinanceFunction:Nature,ScopeandObjectivesofFinancialManagement:RiskandReturnrelationship.
ToolsofFinancialAnalysis:RatioAnalysis,Funds-FlowandCash-FlowStatement.
CapitalBudgetingDecisions:Process,ProceduresandAppraisalMethods.RiskandUncertaintyAnlysisandMethods.
CostofCapital:concept,ComputationofSpecificCostsandWeightedAverage CostofCapital.CAPMasaToolofDeterminingCostofEquityCapital.
FinancingDecisions:TheoriesofCapitalStructure—NetIncome(NI)Approach.
Net Operating Income (NOI) Approach, MM Approach and Traditional Approach. Designingof Capitalstructure: Types of Leverages (Operating, Financial and Combined), EBIT-EPS Analysis, and otherFactors.
Dividend Decisions and Valuation of Firm : Walter’s Model, MM Thesis, Gordan’s Model Lintner’sModel.FactorsAffectingDividendPolicy.
WorkingCapitalManagement:PlanningofWorkingCapital.DeterminantsofWorkingCapital.ComponentsofWorkingCapital—Cash,InventoryandReceivables.
CorporateRestructuringwithfocusonMergersandAcquisitions(Financialaspectonly).
2. FinancialMarketsandInstitutions:
IndianFinancial System:AnOverview
MoneyMarkets:Participants,StructureandInstruments.CommercialBanks.ReformsinBankingSector.MonetaryandCreditPolicyofRBI.RBIasaRegulator.
Capital Market : Primary and Secondary Market. Financial Market Instruments and Innovative DebtInstruments;SEBIasaRegulator.
FinancialServices:MutualFunds,VentureCapital,CreditRatingAgencies,InsuranceandIRDA.
