Syllabus for
Bachelor of Commerce (International Finance)
Academic Year  (2022)

BCOM (International Finance) focuses on the areas of accounting and financial analysis. With this unique blend, the programme enables students to propel their careers as wealth creators and managers both in corporate and merchant banking domains. The programme, with an underlying focus on ethical code of professional conduct, strives to create meaningful and thoroughbred finance professionals. With a comprehensive understanding of international laws and financial reporting standards, BCOM (International Finance) students can seamlessly fit into and effectively contribute in international work environments too. As forward thinking and trustworthy business partners, BCOM (International Finance) students are well equipped to serve global organizations and society at large.

Programme Outcome/Programme Learning Goals/Programme Learning Outcome:

PO2: Provide independent and objective opinion in respect of the true and fair presentation of financial statements.

PO3: Create value added Investment Portfolio, provide Wealth Planning services, and analyse global financial markets.

PO4: Apply ethical and corporate governance standards and adhere to the legal, and regulatory framework governing business environment.

PO5: Explain how organizations and individuals can comply with tax regulations and advise in respect of tax structuring of entities.

PO6: Demonstrate Professional skills, critical thinking and decision making capabilities for providing effective and efficient services provided.

PO7: Exhibit an entrepreneurial mindset to identify, adapt, and anticipate future market trends and apply risk management techniques.

PO8: Exhibit digital proficiency required to function effectively in a dynamic business environment.

PO9: Demonstrate leadership traits, communication skills and innovative thinking for optimal performance in personal, professional, societal and environmental domains.

PO10: Exhibit social sensitivity to embrace diversity and inclusion and promote peaceful co-existence.

PO11: Demonstrate personality traits like self-awareness and humility, peer-recognition, tolerance and empathy to function effectively in the workplace.

Evaluation Pattern:

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessment. Each paper carries maximum of 100 marks and is evaluated as follows:

·       Written Examinations consists of:

§  Mid Semester Exam – 50 marks   (2 hours duration)

§  End Semester Exam – 100 marks (3 hours duration)

·       A student should have secured minimum 40% marks in the ESE to pass in that paper.

·       In aggregate for each paper, for internal and end semester put together, at least 40 marks out of 100 must be secured to pass in that paper.

Organisational study is offered in the first semester UG programme of Department of Professional Studies, CHRIST (Deemed to be University). The course is run on a self-study mode where in students visit a large manufacturing/service organisation and study in detail about the functioning of the chosen organisation. This is a 30 hours on-site study which aims to familiarize the students with the day-to-day functions and challenges faced by a business. The key points to be focused on the study include industry profile, company and product profile, mission, vision, objectives and strategies of the organization, organization chart - design & structure, policies and procedures followed, functions of various departments and their managers, SWOT analysis, key result areas (KRAs), significant factors for success, competitor analysis, system of accounting followed, product promotional measures, HR Policy, training and appraisal measures , financial highlights and future plans for growth of the organization. The study may also include relevant digital tools/software/platforms used in the organization. This course familiarizes the students with real world functions, practices and challenges of a specific business as well as the industry in which the business operates.

Industry profile, company and product profile, mission, vision, objectives and strategies of the organization, organization chart - design & structure, policies and procedures followed, functions of various departments and their managers, SWOT analysis, key result areas (KRAs), significant factors for success, competitor analysis, system of accounting followed, product promotional measures, HR Policy, training and appraisal measures , financial highlights and future plans for growth of the organization. The study may also include relevant digital tools/software/platforms used in the organization. This course familiarizes the students with real world functions, practices and challenges of a specific business as well as the industry in which the business operates.

1. Project Report : 20 

2. Presentation and Viva: 25 

3. Attendance: 5 

(Total : 50 marks) 

This course is the first of four courses which cover accounting principles and presentation of financial statements as per generally accepted in the United States of America (US GAAP) as well as per International Financial Reporting Standards (IFRS). 

This course introduces students to Standard Setting Procedures and Standard Setting Bodies and prcedures followed. The coverage includes flow of transaction from Books of Account through Financial Statements. The course also covers Accounting Cycle and the different types of Financial Statements issued by a company

Introduction to accounting; Double-entry system; Purpose and general features of financial statements(true and fair view, going concern, accrual basis, materiality and aggregation, offsetting, frequency of reporting, comparative information, consistency);  Other assumptions and conventions (business entity, money measurement, conservatism);

Basic accounting procedure: journal entries, ledgers, subsidiary books, cash book, capital and revenue expenditure/receipts, rectification of errors, trial balance, bank reconciliation statement

Process by which Accounting Standards are Set and Roles of Accounting Standard- Setting Bodies - U. S. Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB);  Conceptual framework for financial accounting and reporting by business entities

Balance sheet / Statement of financial position; Single Step and Multi Step Income statement / Statement of profit or loss; Statement of comprehensive income; Statement of changes in equity; Statement of cash flows; Notes to financial statements; SEC Reporting Requirements (e.g., Form 10-Q, 10-K). Adjust Income Statement to correct identified errors.

Preparation of Cash Flow Statement using Direct and Indirect Method

Exit or Disposal Activities and Discontinued Operations; Going Concern; Fair Value Measurements, Disclosures, and Reporting; Interim Financial Reporting; Related Parties and Related Party Transactions; Risks and Uncertainties; Segment Reporting; Subsequent Events

Essential References:

1. O. Ray Whittington. (2018). Financial Accounting & Reporting. John Wiley & Sons - Wiley CPAexcel Course Study Guide

2. Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel. Financial Accounting, 9th Edition. John Wiley & Sons

1.  Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik. (2014). Advanced Accounting. McGraw-Hill/Irwin

2.  Carl S. Warren, James M. Reeve, Jonathan Duchac. (2016). Financial Accounting. Cengage Learning.

3. Richard H. Gesseck, Lawrence Gamling. (2016). U.S. Master GAAP Guide. CCH Inc

This course is designed to familiarize students with the basic concepts, theories and models of economics, which are relevant to business.

Meaning- characteristics – distinction between business economics and pure economics – scope of business economics – uses/objectives of business economics

Approaches to the study of consumer behaviour - cardinal approach - law of Equi-marginal utility, ordinal approach - indifference curve analysis - properties – consumer surplus – meaning - analysis – limitations

Demand (Determinants, Demand function) - Law of Demand – Variations in demand, Supply (Determinants, Supply function) – Law of Supply –Variations in Supply, Market equilibrium and changes in equilibrium (reference to product markets & factor markets), Interference with market prices - Minimum price & Maximum price and its effect, Market failure – meaning & types - Public goods – Externalities - Merit goods - Demerit goods

Demand: Elasticity of Demand – Price elasticity of demand –factors determining elasticity of demand – its measurement and its application in business decisions, concepts of Income& Cross-Promotional elasticity of demand, Supply: Elasticity of Supply – factors determining elasticity of supply, Demand forecasting- Survey and statistical methods

Production, Firm and Industry, Production function, Production runs or Periods (short run and long run), Production in the short run, Law of variable proportions, Production in the long run, Returns to scale (increasing, constant and decreasing returns to scale), Economies of scale and Diseconomies of scale, Factor Pricing: Rent, Wages, Interest and Profit.

Cost - Cost concepts (Absolute cost and opportunity cost, Accounting cost and Economic cost) – Fixed and Variable cost – TC, AC & MC, Cost-output relationship in the short run - Cost-output relationship in the long run.

Revenue – TR, AR & MR - Revenue with no change in price – Revenue with change in price. 

Perfect Competition: Assumptions, price and output decisions. Equilibrium of the firm and the industry in the short and the long runs, including industry’s long run supply, producer surplus. Shut down point under perfect competition market, Monopoly: Behaviour of a monopolist in the short and the long run. Price discrimination by a monopolist-1st degree, 2nd degree and 3rd degree.

Monopolistic competition, concept of excess capacity

Oligopoly- Collusive & Non-collusive models of Oligopoly

1. Dwivedi (2009): Essentials of Business Economics, Vikas Publishing House
2. Salvatore &Srivatsava (2012): Managerial Economics, 7^th Edition, Oxford University Press

1. Allen, Weigelt, Doherty & Mansfield (2012): Managerial Economics, 8^th Edition, W. W. Norton & Company
2. Atmanada (2009): Managerial Economics, 2^nd Edition, Excel Books
3. Dransfield (2009): Business Economics, Routledge
4. Gillespie (2013): Business Economics, 2^nd Edition, Oxford University Press
5. Gupta (2011): Managerial Economics, 2^nd Edition, TMH
6. Keat, Young & Banerjee (2011): Managerial Economics, 6^th Edition, Pearson
7. Maheshwari (2012): Managerial Economics, 3^rd Edition, PHI
8. Michaels (2011): Economics for Managers,Cengage Learning
9. Nellis& Parker (2006): Principles of Business Economics, 2^nd Edition, Pearson
10. Petersen, Lewis & Jain (2006):  Managerial Economics, 4^th Edition, Pearson
11. Sloman, Hinde& Garratt: Economics for Business (2013), 6th Edition, Pearson

Students are evaluated for each paper on the basis of written examination and continuous internal assessment. Each paper carries a maximum of 100 marks and is evaluated as follows:

End Semester Exam (ESE)                                                    :           50%

Mid Semester Exam (CIA-2)                                                 :           25%

Continuous Internal Assessments (CIA- 1& 3)                      :           20%

Attendance                                                                              :           05%

Total                                                                                        :          100%

The course aims to provide conceptual understanding of cost accounting. It focuses on the computation of various components of cost, such as material, labour, and overheads. It also covers modules on specific cost accounting methods like job costing and contract costing, and process costing.

Introduction – Definition – Fundamental Principles –Scope, Functions and objectives – Merits & Demerits –Methods & Techniques-Cost Accounting and financial accounting comparison; Elements of Cost – Cost vs. Expense- Cost Centre, Cost Unit & Cost object- Classification of Cost- Costs for decision making - Installation of Costing system - Cost Sheet - Tenders and Quotations (Problems)

Meaning and classification of material- Purchase Procedure& documentation - Store Keeping Functions; Inventory Control - Fixation of Levels- Periodical and Perpetual Inventory, ABC Analysis, EOQ (Problems); Stores issue - Methods of Pricing of materials – FIFO – LIFO - Simple and Weighted Average Methods. (Problems)

Meaning & classification of Labour- Attendance and payroll procedure- Time Keeping - Methods of Time Keeping - Time Booking – Records - Idle Time - Causes for Idle Time - Treatment of Idle Time – Overtime – Labour Turnover—Labour-Remuneration - Features of Good Wage System –Remuneration system and incentive schemes (Problems)

Meaning AND definition –Classification of Overheads- Allocation & Apportionment of overheads (Primary Distribution) Apportionment of Service Department Costs to Production Departments (Secondary Distribution- Reciprocal basis). Absorption of Overheads - Methods - percentage of Direct Material Cost - Direct Labour Cost - Prime Cost - Direct Labour Hour Rate and Machine Hour Rate

Meaning and nature- Difference between Job Costing and Contract Costing – Preparation of Contract Accounts- Ascertainment of Profit/Loss on Contract – Work In Progress and Balance Sheet –Profits on incomplete contracts-Cost Plus and Estimated Contracts (Problems)

Meaning and nature- Preparation of process Accounts- Normal Loss - Abnormal Loss/gain - (Including Inter-Process Profit and Equivalent Production) Preparation of Process Accounts and Joint and By-Products

Need for reconciliation- Reasons for difference in profits- Reconciliation (Problems)

1.      Horngren T. Charles, Datar M. Srikant and Rajan V. Madhav. (2014) Cost Accounting: A Managerial Emphasis, 15th Edition, Prentice Hall publishers, Delhi

2.      Arora M N – (2012) A Text book of Cost & Management Accounting, Vikas Publishing, New Delhi.

3.     LalJawahar, SrivastavaSeema. (2013) Cost Accounting, 5thEdition, Tata Mcgraw-Hill, Delhi