Department of
PROFESSIONAL-STUDIES






Syllabus for
Bachelor of Commerce (International Finance)
Academic Year  (2019)

 
1 Semester - 2019 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
AEN121 ADDITIONAL ENGLISH 3 3 100
BIF131 FINANCIAL ACCOUNTING AND REPORTING - I 4 4 100
BIF132 BUSINESS ECONOMICS 4 4 100
BIF133 COST ACCOUNTING 4 4 100
BIF134 BUSINESS MANAGEMENT AND ORGANIZATIONAL BEHAVIOR 4 4 100
BIF161 BUSINESS ETIQUETTE AND CORPORATE GROOMING 4 4 100
HIN122 HINDI 3 3 50
KAN122 KANNADA 3 03 100
2 Semester - 2019 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
AEN221 ADDITIONAL ENGLISH 3 3 100
BIF231 FINANCIAL ACCOUNTING AND REPORTING - II 4 4 100
BIF232 MANAGEMENT ACCOUNTING 4 4 100
BIF233 PROFESSIONAL AND LEGAL RESPONSIBILITIES AND BUSINESS LAW 4 4 100
BIF234 QUANTITATIVE APPLICATIONS IN BUSINESS 4 4 100
BIF261 SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY 4 4 100
HIN222 HINDI 3 3 50
KAN222 KANNADA 3 03 50
3 Semester - 2018 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
BIF311 OPERATIONS MANAGEMENT 3 2 50
BIF331 FINANCIAL ACCOUNTING AND REPORTING - III 4 4 100
BIF332 AUDITING AND ATTESTATION - I 4 4 100
BIF333 FEDERAL TAXATION - I 4 4 100
BIF334 FINANCIAL MANAGEMENT 4 4 100
BIF335 TAXATION 4 4 100
BIF361 COMMERCE AND INDIAN SOCIETY - I 4 4 100
4 Semester - 2018 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
BIF411 IT IN BUSINESS 3 2 50
BIF431 FINANCIAL ACCOUNTING AND REPORTING - IV 4 4 100
BIF432 GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING 4 4 100
BIF433 AUDITING AND ATTESTATION - II 4 4 100
BIF434 FEDERAL TAXATION - II 4 4 100
BIF435 BUSINESS MARKETING 4 4 100
BIF461 COMMERCE AND INDIAN SOCIETY - II 4 4 100
5 Semester - 2017 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
BIF531 EQUITY INVESTMENTS 4 4 100
BIF532 FIXED INCOME INVESTMENTS 4 4 100
BIF533 RESEARCH METHODOLOGY 4 4 100
BIF541A INTERNATIONAL FINANCIAL REPORTING STANDARDS 4 4 100
BIF541B BANKING THEORY, LAW AND PRACTICE 4 4 100
BIF542A INTERNATIONAL BUSINESS ENVIRONMENT 4 4 100
BIF542B BANK MANAGEMENT 4 4 100
BIF543A FINANCIAL MARKETS, INSTITUTIONS AND FINANCIAL SERVICES 4 4 100
BIF543B INSURANCE MANAGEMENT 4 4 100
6 Semester - 2017 - Batch
Paper Code
Paper
Hours Per
Week
Credits
Marks
BIF631 DERIVATIVES AND ALTERNATIVE INVESTMENTS 4 4 100
BIF632 PORTFOLIO MANAGEMENT AND WEALTH PLANNING 4 4 100
BIF633 ETHICAL STANDARDS 4 4 100
BIF641A INTERNAL AUDITING 4 4 100
BIF641B INNOVATIONS IN BANKING AND INSURANCE 4 4 100
BIF642A INTERNATIONAL FINANCIAL MANAGEMENT 4 4 100
BIF642B INTERNATIONAL BANKING AND FINANCE 4 4 100
BIF681B RESEARCH PROJECT 0 4 100
        

  

Assesment Pattern

Continuous Internal Assessment (CIA) 

The assessment and grading of the students will take place in the following manner:

  • Assessment of the acquisition of the competencies is done continuously throughout the course with a minimum of one assessment per month.
  • These three assessments will be as follows:

CIA I : 20 marks – 2nd Month of the semester

CIA II : 50 marks – 3rd Month of the semester

CIA III : 20 marks – 4th Month of the semester

 

Grading Pattern:

Grading pattern will be the same as approved by the University for UG Courses as detailed herein below:

Percentage

Grade

Grade point

Interpretation

Class

80 & Above

   A+

  4.0

Outstanding

Distinction

70 --- 79

   A

  3.5

Excellent

First class

65 --- 69

   B +

  3.0

Very good

First class

60 --- 64

   B

  2.5

Good

First class

55 --- 59

   C +

  2.0

Average

Second class

50 --- 54

   C

  1.5

Satisfactory

Second class

40 --- 49

   C -

  1.0

Exempted with 50% aggregate

Pass class

39 & Below

   F

    0

Fail

Fail

 

Examination And Assesments

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:

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                              :           05%

Total                                      :          100%                          

                                                                                                           

·         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.

 

Question Bank:

Subject wise Question Bank is prepared every semester to test the Conceptual, Application, Analytical and Problem solving skills of the students. These question banks are prepared by the faculty member teaching the subject and duly verified by the subject expert.

Question Paper Pattern for the End Semester Examination:

The question paper pattern for the End Semester Examination is as follows:

 

Sections

Type

Marks

A

Objective type questions

6 x 2 = 12

B

Conceptual / Descriptive Type questions

5 x 5  =   25

C

Analytical / Essay Type Questions

3 x 15 = 45

D

Case Study

1 x 20 = 18

§  Section A

Short Objective type questions 6 out of 8 questions of 2 marks each

 

§  Section B

Analytical / Essay type questions with choice – 5 out of 7 questions of 5 marks each

§  Section C

Analytical/ Essay type questions with choice – 3 out of 5 questions of 15 marks each

§  Section D

One Compulsory Question – 18 marks

 

Continuous Internal Assessments:

 

 

CIA – 1  and 3 : Continuous Internal Assessment

Written (reports) – Group or Individual, Understanding of the subjects, Participative learning, Presentation and VIVA, Quiz, Multiple choice based test etc.

CIA – 2:  Continuous Internal Assessment - Mid Semester Exam

Mid Semester Exam marks will be taken for Internal Assessment. MSE marks will be reduced to 25 for this purpose. The question paper pattern for the Mid Semester Examination is as follows:

Sections

Type

Marks

A

Short Answer Questions

4x 2 = 8

B

Conceptual / Descriptive Type questions

2 x 5  = 10

C

Analytical / Essay Type Questions

1 x 15 = 15

D

Case Study

1 x 17 = 17

 

Attendance:

The marks distribution for attendance is as follows:

95 – 100%       -           5 marks

90 – 94%         -           4 marks

85 – 89%         -           3 marks

80 – 84%         -           2 marks

76 – 79%         -           1 mark

Department Overview:
Department of Professional Studies (DPS) offers some of the most unique and inter-disciplinary courses in the field of commerce and management. It was established in the year 2002 as Centre for Career Advancement (CCA), and later upgraded to Department of Professional Studies in 2007. The department aims at professional training for wider career opportunities. This is achieved through value enhancement programmes (Add-on courses and programmes) along with the academic degrees to equip the students to meet the challenges and prospects of contemporary academia and the corporate sector. All courses of the department are conducted by academicians and highly qualified practicing professionals Soft Skills and Activity Sessions (SSA) are a compulsory component of every programme of the department and is assigned to make the students excel in soft skills, team work, communication, public speaking, debates, general knowledge etc. By the end of third year of UG and second year of PG, each student is expected to conduct at least two training sessions as a professional trainer in the other departments of the university or in other institutions.
Mission Statement:
Vision- To develop into a centre of excellence in education, training and research in the field of commerce and management Mission- To impart holistic education through state-of-the-art technology with the aim of producing professionals in the field of commerce and management, and also to launch new programmes to bridge the gap between academia and the corporate sector by meeting stakeholder requirements.
Introduction to Program:
DPS over the years has received informal requests to introduce higher level programs that will support specialized fields of study like accounting as per US GAAP and IFRS, international auditing, international taxation, international finance, investment management, etc. The opportunities available specifically to professionals with knowledge of international standards and possessing international qualifications remain vacant due to lack of availability of qualified personnel and, through the proposed programme of B.Com (International Finance) overlapping with CPA (US) and CFA (US) qualifications, such vacancies could be effectively tapped. Global accounting and finance firms and multi-national corporations are keen to absorb students with the proposed qualification. B.Com(International Finance) with specialization in international accounting, auditing and finance is proposed with a view to create talents of competency to handle theory and practice of the subject which will be immense value to accounting firms and large business undertakings with substantial global exposure and also for pursuit of higher education. The Course is finalized with reference to the: (i) CSO (Content Specification Outline) of the Uniform CPA (Certified Public Accountant) Examinations conducted by the AICPA (American Institute of Certified Public Accountants), US. (ii) CBOK (Candidate Body of Knowledge) for the CFA (Chartered Financial Analyst) Level 1 exams conducted by the CFA Institute, US)
Program Objective:
Objectives- To enable students, through the unique blend of emphasis on areas of Accounting &Financial Analysis, propel their careers as wealth creators and managers, both in corporate and merchant banking domains. To provide specialized skills in the field of Global finance & Auditing with balanced higher knowledge in Commerce. To create professional competence to take up independent positions in the areas of Accounting, Auditing & Financial Analysis in different industry sectors. To inculcate initiative and professional outlook in students for better industry acceptance. To create higher levels of specialized career opportunities in global markets. To create a stronger foundation for taking up specialized education and research. Outcomes- Student should be able to Explain accounting, tax, and auditing concepts, principles and rules. Apply critical thinking skills by identifying and analyzing an accounting issue using the relevant accounting framework. Demonstrate oral communication skills by delivering an organized accounting presentation. Demonstrate written communication skills by organizing content and using proper writing mechanics for business reports. Identify ethical issues and apply appropriate codes of conduct in all situations Differentiate between US generally accepted accounting principles and international Financial Reporting standards. Apply theories and accounting standards in practice via internships

AEN121 - ADDITIONAL ENGLISH (2019 Batch)

Total Teaching Hours for Semester:45
No of Lecture Hours/Week:3
Max Marks:100
Credits:3

Course Objectives/Course Description

 

The Additional English course is offered as a second language course and seeks to introduce the students to the nuances of English literature in its varied forms and genres. The students who choose Additional English are generally proficient in the English language. Hence, instead of focusing on introducing them to language, challenging texts in terms of ideas, form, and technique are chosen. Additional English as a course is designed for students in place of a regional language. Non-Resident Indians (NRIs), foreign nationals and students who have not taken Hindi, Kannada, Tamil or French at the Plus 2 or Class XII levels are eligible to choose Additional English. The course is taught for students from different streams, namely, BA, BSc, BCom, and BBA in the first year and for BA, BSc and BCom (Regular) in the second year.

The first year syllabus is an attempt by the Department of English, Christ University to recognize and bring together the polyphonic Indian and Indian sub-continental voices in English in English translation for the Additional English students of the first year. This effort aims to familiarize the students with regional literatures in translation, Indian Writing in English (IWE) and literatures from Pakistan, Nepal and Srilanka, thereby, enabling the students to learn more about Indian culture and ethos through writings from different regions of the country. We have tried to represent in some way or the other the corners of India and the Indian sub-continent in this microcosmic world of short stories, poems and essays

 

There is a prescribed text bookfor the first year students, compiled by the Department of English, Christ University and intended for private circulation.

The first semester has a variety of writing from India, Pakistan and Nepal. The various essays, short stories and poems deal with various socio-economic, cultural and political issues that are relevant to modern day India and the Indian sub-continent and will enable students to comprehend issues of identity-politics, caste, religion, class, and gender. All of the selections either in the manner of their writing, the themes they deal with or the ideologies that govern them are contemporary in relevance and sensibility, whether written by contemporary writers or earlier writers. An important addition to this syllabus is the preponderance of North-Eastern writing which was hitherto not well represented. Excerpts from interviews, autobiographical writings, sports and city narratives are added to this section to introduce students to the varied genres of literature.

The objectives of this course are

to expose students to the rich literary and cultural diversity of  Indian literatures

to sensitise students on the social, political, historical and cultural ethos that has shaped the nation- INDIA

to enable to grasp and appreciate the variety and abundance of Indian writing, of which this compilation is just a passing glance

to learn and appreciate India through association of ideas in the texts and the external contexts (BhashaUtsav will be an intrinsic help in this endeavour)

  

 

Learning Outcome

Learning Outcome

 

The students will become

sensitive to cultural, social, religious and ethnic diversities and help them engage with their peers and all around them in a more understanding and ‘educated’ manner.

 

it will also enable them through the activities conducted to become more proactive citizens/participants in society.

 

aware of the dynamics of gender, identity, communalism and politics of this vast nation through its literature.

 

Unit-1
Teaching Hours:10
Poetry
 

1.      Keki N Daruwala     “Migrations”

 

2.      Kamala Das            “Forest Fire”

 

3.      Agha Shahid Ali      “Snow on the Desert”

 

4.      Eunice D Souza       “Marriages are Made”

Unit-2
Teaching Hours:15
Short Stories
 

1.      Rabindranath Tagore    “Babus of Nayanjore”

 

2.      Ruskin Bond  “He said it with Arsenic”

 

3.      Bhisham Sahni       “The Boss Came to Dinner”

 

4.      N. Kunjamohan Singh    “The Taste of Hilsa”

 

5.      Mohan Thakuri                “Post Script”

Unit-3
Teaching Hours:20
Essays
 

1.      Mahatma Gandhi       “What is True Civilization?” (Excerpts from Hind Swaraj)

 

2.      Ela Bhatt                    “Organising for Change”

 

3.      Sitakant Mahapatra     “Beyond the Ego: New Values for a Global Neighborhood

 

4.      B R Ambedkar             “Waiting for A Visa”

 

Text Books And Reference Books:

Contemporary knowledge of the soci-political situation in the sub-continent

The text book copy "Reading Diversity"

Essential Reading / Recommended Reading

On-line resources to appreciate the text through the Comprehension Questions

Evaluation Pattern

CIA 1:  Classroom assignment for 20 marks keeping in mind the objectives and learning outcomes of the course.

CIA 2: Mid-semester written exam for 50 marks

CIA 3: Collage, tableaus, skits, talk shows, documentaries, Quizzes or any proactive            creative assignments that might help students engage with India as a cultural space. This is to be done keeping in mind the objectives and learning outcomes of the course.

Question Paper Pattern

Mid Semester Exam: 2 hrs

Section A: 4x5= 20

Section B: 2x15=30

Total                  50

 

End Semester Exam: 2 hrs

Section A: 4 x 5 = 20

Section B: 2 x 15= 30

Total                   50

BIF131 - FINANCIAL ACCOUNTING AND REPORTING - I (2019 Batch)

Total Teaching Hours for Semester:60
No of Lecture Hours/Week:4
Max Marks:100
Credits:4

Course Objectives/Course Description

 

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).

Learning Outcome

On completing the course, students will be able to:

1.      Discuss and apply fundamental accounting concepts, principles and conventions as per US GAAP and IFRS

2.      Prepare and/or review source documents including account classification, and enter data into subsidiary and general ledgers.

3.      Identify and understand the financial statements prepared on the basis of US GAAP as well as IFRS.

Produce required financial statement filings in order to meet regulatory or reporting requirements (e.g., Form 10-Q, 10-K).

Unit-1
Teaching Hours:22
Overview of Accounting Principles and Procedure
 

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

Unit-2
Teaching Hours:8
Conceptual Framework, Standards and Standard Setting
 

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

Unit-3
Teaching Hours:22
Financial Reporting, Presentation and Disclosures in General-Purpose Financial Statements
 

Balance sheet / Statement of financial position; 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)

Unit-4
Teaching Hours:8
Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures
 

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

Text Books And Reference Books:

Essential References:

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

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

Essential Reading / Recommended Reading

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.

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

Evaluation Pattern

 

 

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%   

BIF132 - BUSINESS ECONOMICS (2019 Batch)

Total Teaching Hours for Semester:60
No of Lecture Hours/Week:4
Max Marks:100
Credits:4

Course Objectives/Course Description

 

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

Learning Outcome

1.Define and remember basic concepts of Economics applicable to business

2. Explain and identify key factors affecting/ determining economic variables such as demand, supply, price of products and factors of products

3. Compare different market types and their functioning

4. Describe and evaluate theories of consumer behavior, production and factor price determination

Unit-1
Teaching Hours:3
Business Economics
 

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

Unit-2
Teaching Hours:6
Consumption Analysis
 

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

Unit-3
Teaching Hours:9
Demand and Supply (Market) analysis ? I
 

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

Unit-4
Teaching Hours:10
Demand and Supply (Market) analysis - II
 

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

 

Unit-5
Teaching Hours:7
Production Analysis
 

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.

Unit-6
Teaching Hours:5
Cost & Revenue Analysis
 

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.

Unit-7
Teaching Hours:12
Firm and Market Structure
 

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

 

Unit-8
Teaching Hours:8
Economics of strategy
 

Understanding aggregate Demand and aggregate Supply. The Importance of Expectations: Exchange Rates, Exchange Rates regimes fixed and floating rate. Current macro Issues effecting business: Oil prices, Global Imbalances.

Text Books And Reference Books:

 

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

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

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%

BIF133 - COST ACCOUNTING (2019 Batch)

Total Teaching Hours for Semester:60
No of Lecture Hours/Week:4
Max Marks:100
Credits:4

Course Objectives/Course Description

 

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.

Learning Outcome

1.      Discuss the basic concepts and classification of cost

2.      Compute various components of cost

3.      Apply the methods of cost accounting in ascertaining cost for different sectors.

4.   Discuss the reasons and need for reconciliation of cost and financial statements, and prepare reconciliation statements 

 

 

Unit-1
Teaching Hours:10
Introduction to Cost Accounting
 

 

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)

Unit-2
Teaching Hours:8
Materials