University of Lucknow Courses

M.Com.

---

Duration: 2 Years

Eligibility: B.Com. or Grad (Honours) in Economics/Management

Course Duration: Two Year (Semester System)

Course Eligibility : Bachelor degree in Commerce  with atleast 50% marks or equivalent CGPA.

Admission Criteria: Merit in qualifying examination, subject to eligibility criteria.

Entrance/Eligibility Test: As per University Rules

Programme Mode: Regular

Course Syllabus

Semester – I

Course Code	Course Title
MC  101	Accounting Theory And Practice - I
MC  102	Financial Management
MC  103	Taxation Laws And Accounts  I
MC  104	Indian Business Environment
MC  105	Marketing Management

 

Semester – II

MC  201	Accounting Theory And Practice  II
MC  202	Taxation Laws And Accounts  II
MC  203	Managerial Economics
MC  204	Labour Legislation
MC  205	Global Business Environment
	Viva-Voce

 

Semester – III

MC  301	Corporate Accounting
MC  302	Management Accounting
MC  303	International Marketing
MC  304	Human Resource Management
MC  305	Management Of Small Business
	Viva-Voce

 

Semester – IV

MC  401	Strategic Cost Management
MC  402	Business Research Methodology
MC  403	Indian Financial System
MC  404	Entrepreneurial Development
MC  405	Tax Planning And Management
	Viva-Voce

 

Coures Detail

Semester - I

MC- 101  Accounting Theory and Practice - I

Course Objectives :

• The course aims at to provide indepth knowledge of Accounting Theory to the students.

Course Outline :

Unit I

Accounting an overview, Accounting theory and its classification.

Unit II

Accounting concept of income, Capital & revenues, Computer and accounting.

Unit III

Depreciation accounting & policy, Inventory policy and its valuation.

Unit IV

Accounting for changing prices, Foreign currency translation.

 

MC- 102  Financial Management

Course Objectives :

• To provide an exposure to the conceptual framework and significance of Financial Management in the corporate organisation's overall performance and equip the students with tools, techniques and the processes involved in financial planning and taking financing, investment decisions.

Course Outline :

Unit I

The concept of Financial Management  Definition, nature, objectives, functions and scope of financial management, Preparation of financial plan  its objectives, essential features, consideration in formulating financial plan, Capitalisation, overunder and fair capitalisation.

Unit II

Capital structure  Definition, factors determining the financial structure, Leverage Analysis  Financial operating and combined leverages, EBIT-EPS Analysis, Cost of Capital  Meaning, definition, classification and computation of specific weighted and marginal cost of capital.

Unit III

Concept of working capital  Classification, importance, factors determining adequate value of working capital. Estimation of working capital requirements. Financing of working capital  Long- medium-short term. Trends in Financing of working capital by banks, Recommendation of Various committees regarding financing of working capital.

Unit IV

Working Capital Management  Inventory management. Tools and techniques of investment management. Determination of stock levels, Ved analysis, just in time inventory, Cash Management and Receivable Management.

 

MC- 103  Taxation Laws And Accounts - I

Course Objectives :

• The course aims at to provide students indepth knowledge of laws and accounts relating to Income-Tax.

Course Outline :

Unit I

Basic concepts, scope of total income, exempted income, deductions from gross total income, heads of income, deemed income, clubbing of income, set off and carry forward of losses.

Unit II

Computation of Total income and tax liability of individuals, Hindu undivided families.

Unit III

Computation of total income and tax liability of companies and firms.

Unit IV

Income tax authorities, return of income and assessment process, appeals and revisions, advance payment of tax, tax deduction at source.

 

MC  104  Indian Business Environment

Course Objective :

• The course develops ability to understand and scan business environment, analyse opportunities and take decisions.

Course Outline :

Unit I

Theoretical framework  Concept, significance and nature of Business Environment, elements of environment, internal and external, changing dimensions of Business environment. Economic system and their impact on business.

Unit II

Relationship between business and government, Industrial policy and legal framework relating to business  IDRA and other Acts, Liberalisation/Globalisation and its impact. Role of public sector in Indian Business.

Unit III

Business and society, social responsibility of business, Consumer rights, consumerism and business, foreign capital and technology.

Unit IV

Financial Policy, Money and Capital markets  Instruments and Institutions, Stock Exchanges etc. and other financial institutions.

 

MC  105  Marketing Management

Course Objective :

The purpose of this course is to develop an understanding of the underlying concept,  strategies and the issues involved in the exchange of products and services.

Course Outline :

Unit I  Introduction

Concept of Marketing, Marketing-mix and its environment variables; Marketing environment, Market segmentation and Targeting.

Unit II  Consumer Behaviour

Concept, significance and factors influencing consumer behaviour, Buying Motives, Buying habits, Buying process, Customer-relationship management, Marketing Research.

Unit III  Product Management & Pricing Decisions

Concept of Product, Product-mix, Product-line and Product Life-cycle, Product positioning, New product development, Brand management, Packaging. Concept, nature and scope of Product Pricing, Price policy considerations, objectives and strategies of pricing.

Unit IV  Distribution and Advertising Management

Management of Physical Distribution, Distribution channel intermediaries, channel management decisions, Organised retailing; Direct marketing; Internet marketing, Marketing of services, Advertising as a management function, objectives, DAGMAR approach, Advertising media and selection decisions.

 

Semester - II

MC- 201  Accounting Theory and Practice - II

Course Objectives :

• The course aims at to provide indepth knowledge of Accounting Theory to the students.

Course Outline :

Unit I

Financial statements  Nature & limitations, Financial analysis  kinds & techniques, Comparative statements common sign statements and trend analysis.

Unit II

Ratio analysis and accounting for changes in financial position, cash flow and fund flow reporting.

Unit III

Valuation of goodwill, valuation of shares and valuation of business.

Unit IV

Accounts of holding companies and Subsidiary companies, Underwriting accounts.

 

MC- 202  Taxation Laws And Accounts - II

Course Objectives :

The course aims at to provide students indepth knowledge of laws and accounts of wealth tax and indirect taxes.

Course Outline :

Unit I

The concept of net wealth, Assets exempt from Wealth tax, Valuation of assets, computation of net wealth and wealth tax.

Unit II  Central Sales Tax & U.P. Trade Tax

Principles for determining different categories of sales, Registration of dealers, computation of taxable turnover and sales tax liability, declared goods, collection of tax and penalties. Main provisions of U.P. Trade Tax Act, 1948, Trade tax liability, levy and collection of tax and penalties, settlement of disputes, computation of tax etc. Value added tax.

Unit III  Central Excise Duty and Custom Duty

Main provisions of Central Excise Act, 1944, Customs Act, 1962, Authorities and their powers, Valuation of goods, computation of duty.

Unit IV  Service Tax

Filing of Return of income, Assessment procedure, Provisions relating to Appeals and revisions, penalties and prosecution.

 

MC  203  Managerial Economics

Course Objectives :

• The objective of this course is to impart a basic knowledge of the concept and tools of Economic Analysis as relevant for Business Decision Making.

Course Outline :

Unit I  Introduction

Meaning, nature and scope of Managerial Economics, Difference from Traditional Economics, The Business System, Fundamental concepts in Business Decisions, Objects of Business Firms, Business Cycle.

Unit II  Demand Analysis

Demand theory, The concepts of Demand, Determinants of Demand, Demand Function and Demand Elasticities, Demand estimation and Demand forecasting.

Unit III  Cost and Production Analysis

Cost concepts and its classification, Cost-output relationship, Accounting Vs. Economic view, LAC Curve and its Managerial use.

Unit IV  Pricing Decisions and Profit Management

Pricing policies and methods, Nature and measurement of profit, Profit planning and forecasting, Break-even Analysis  utility and limitations.

 

MC- 204  Labour Legislation

Course Objectives :

• The course aims at to impart knowledge of the laws relating to Labour  Welfare, etc. and their applications.

Course Outline :

Unit I

The Factory Act, 1948  Brief history, object, applicability, definitions approval, licensing and registration of factories; The inspecting staff, health, safety and welfare provisions relating to hazardous, processes, working hours of adults. Employment of women, employment of young persons, annual leave with wages, penalties and procedure.

Unit II

The Payment of Wages Act, 1936  Introduction, Application of the  Act, Definitions rules for payment of wages, Deductions from wages provisions of the payment of wages act relating to deduction, Registers and records, inspectors claims for wrongful deductions penalty for various offences. The Minimum Wages Act, 1948  Object and scope of the Act, Definition, fixation of minimum rates of wages, Working hours and determination of wages and claims.

Unit III

Trade Union Act, 1926  Introduction, Development, Constitution Provisions, Registration, Regulation and Punishment. Employee Compensation Act, 1923  History, objectives, definition, Responsibility & payment of compensation, Compensation Commissioner and appeal.

Unit IV

Industrial Dispute Act, 1947  Concept, layoff, retrenchment, strike, lockout, closure, authorities for settlement of Industrial disputes in India, procedure, power and duties of authorities, penalties.

 

MC  205  Global Business Environment

Course Objective :

• The broad objective of the course is to acquaint the students with emerging scenario of Indian economy and its impact on Global Business.

Course Outline :

Unit I

The meaning and rationale for globalisation, strategies for going Global. Nature, importance and scope of international business.

Unit II

History from Domestic market to Global markets  Investment flows; Attracting Foreign capital; implication for Indian Industries. Indian business before and after W.T.O.

Unit III

Need of Indian government intervention in International business and the specific legislations, EXIM policy, FEMA, SEBI etc.

Unit IV

International Economic Institutions  WTO, World Bank, IMF and their importance to India, Foreign Trade Policy.

Semester - III

 

MC- 301  Corporate Accounting

Course Objectives :

• The course aims at to impart and inculcate the knowledge of detailed accounting process and reporting requirements of companies among the students.

Course Outline :

Unit I

Accounting for shares & debentures  Issue, forfeiture, re-issue, redemption and buy-back of shares, SEBI guidelines.

Unit II

Corporate financial statements, Dividends, Distribution of profits, Managerial remuneration. Ascertainment of net profit for Managerial remuneration.

Unit III

Accounting problems relating to mergers & reconstructions, liquidation.

Unit IV

Corporate financial analysis  Profit or loss prior to incorporation.

 

MC- 302  Management Accountiing

Course Objectives :

• The course develops ability of economics decision making among the students.

Course Outline :

Unit I

Introduction, definition, objectives, nature, scope, role and emerging patterns of management accounting, role, position and responsibilities of management accountant, Reporting to management.

Unit II

Analysis and interpretation of financial statements, Uses & importance of analysis, Horizontal, vertical and dimensional analysis.

Unit III

Capital budgeting  meaning, definition, significance, limitation, process, Capital building decisions, investment decisions and methods of ranking investment proposals and their practical applications, Zero base budgeting,

Unit IV

Budgeting & Budgetary control, Meaning, importance and types, Budgetary control, performance budgeting.

 

MC  303  International Marketing

Course Objective :

The course is designed to provide an exposure of the environmental dynamics of international business and their impact on the international business operations of a firm and to acquaint them with the conceptual framework, policies and procedures of international marketing management.

Course Outline :

Unit I  Introduction to International Marketing

Nature, scope and importance of international marketing, Domestic and International marketing, Transition to international marketing, International Marketing environment, geographical, economics, demographic, socio-cultural, political and legal environment.

Unit II

International marketing orientation  EPRG framework, selection of foreign markets, International market entry strategies, Foreign market analysis, Indirect and direct exporting, Licensing, Joint ventures, Global market segmentation.

Unit III

Product planning and development for global markets, Product standardisation Vs. adaptation, International product life-cycle, New Product development, packaging, labelling, International pricing decisions, International market channel decisions.

Unit IV

Composition and direction of India's foreign trade, Institutional infrastructure for export promotion, Export assistance and promotion schemes, International economic institutions, International market research.

 

MC- 304  Human Resource Management

Course Objectives :

The course aims at familiarizing the students of the significance and role of HRM in working of the modern organizations and to expose them to human resource processes and practices with special reference to India.

Course Outline :

Unit I  Overview of HRM

• HRM  Concept, evolution, objectives, scope, importance, principles and functions.
• Manpower Planning  Concept, need, objectives, principles, methods or techniques.

Unit II  Employee Appraisal and Maintenance

• Career Planning  Concept and techniques;
• Career Development  Concept and techniques;
• Performance Appraisal  Concept, significance, types, methods or techniques,
• Potential appraisal; Incentive.

Unit III  Employee Relations

• Grievance  Causes of grievances, grievance procedure, steps in handling grievance, Directive principles of handling grievances, Ideal grievance procedure.
• Discipline  Objects, forms/types of discipline, principles of maintaining discipline, causes of indiscipline, suggestions for effective discipline.
• Disciplinary action, elements and principles of disciplinary action process.
• Collective Bargaining  Concepts, Goals of management and unions in collective bargaining.

Unit IV  Employee Integration and Separation

Promotion, Job analysis and design, Job enrichment, Job enlargement, Labour Turnover, Absenteeism, Voluntary Retirement, Superannuation Lay-off, Retrenchment, Dismissal, Discharge.

 

MC- 305  Management Of Small Business

Course Objectives :

• The course aims at to impart indepth knowledge of organisation and finance of a small business and small-scale industries basically in India.

Course Outline :

Unit I  Introduction

• Definition, CSM's, Characteristics, scope and significance of cottage, small and medium industries, distinction between a small and large-scale industry.
• Environment affecting small-business and small-industry, small-scale industries and central/state governments, various agencies assisting small-scale industries in India.

Unit II  Production

Methods and procedures of starting a small-scale industry preparation and evaluation of project reports, organisation and financing of small-scale industries.

Unit III  Basic Problems of SME's

Problems faced by small-scale industries related to production, finance, personnel and marketing in India. Financial Institutions related to SME's.

Unit IV  Problem of Sickness- Prevention and Care of SME's

Sickness and failure of small-scale industries in India, causes, preventive measures and rehabilitation. Industrial Policy Provisions relating to SME's.

 

Semester - IV

MC- 401  Strategic Cost Management

Course Objectives :

• The course aims at to impart and inculcate the knowledge of controlling and effective management of cost among the students.

Course Outline :

Unit I

Concept and uses of Cost Accounting; Accounting plan and responsibility centres Meaning, significance of responsibility accounting, Types of Responsibility centres, transfer pricing.

Unit II

Marginal costing and break even analysis; concept, basic characteristics, application and limitations of marginal costing.

Unit III

Standard costing analysis as a control technique, setting of standards, variance analysis, Relevance of Variance analysis to budgeting and standard costing.

Unit IV

Value chain analysis, activity based costing, quality costing, target and life style costing, Cost Audit

 

MC  402  Business Research Methodology

Course Objective :

• The course is designed to provide sufficient theoretical inputs to conduct varied types of researches relating to different problems of industry and business for accurate prediction, decision and control action.

Course Outline :

Unit I  Introductory

Nature, scope and significance of Business Research Methodology, Scientific Methods of Research, Research-Process, Research Design.

Unit II  Research Problem

Selection and formulation of Research Problem, Defining the scope and significance, Research Methodology, Hypotheses.

Unit III  Collection, Tabulation and Analysis of Data

Types of Data and their characteristics, Methods of Data Collection Questionnaire, Schedules, Interview, Observation, Sources of Secondary Data, Analysis of data through Statistical Tools.

Unit IV  Interpretation of Data and Preparation of Report

Different statistical techniques of data analysis, testing hypothesis  x2 test, t-test, f-test, regressions, equation, etc. Interpretation, Report writing, Presentation, Footnoting, Referencing, Preparation of Bibliography, Appendices.

 

MC-403  Indian Financial System

Course Objective :

• The aim of the course is to enable the students to understand the structure and systems of Indian Financial Markets and financial institutions.

Course Outline :

Unit I  Financial Systems & Money Market

Definition, significance and its relationship with economic development, An overview of the Indian financial system. The constituents of a financial system markets.

Finance market as a part of financial system. Its various components e.g. Call money, treasury bill, commercial bill, commercial paper, financial guarantee, discount market etc. Present position of Indian money market.

Unit II  Capital Market

Capital market in India - Concept characteristics and functions. The primary (New issue market) and the secondary market. Instrument of capital market, Capital market institutions  organisation, functions and control of SEBI, Stock holding corporation of India, OTECI and NSE.

Unit III  Financial Services

Definition, objective, functions and importance of merchant banking, Credit rating, underwriting and portfolio management.

Unit IV

Concept, objective, functions and importance of credit & debit cards, Depository Services, Factoring and Custodial services.

 

MC- 404  Entrepreneurial Development

Course Objectives :

• The course aims at to impart and inculcate entrepreneurial skills among the students.

Course Outline :

Unit I

Evolution, definition, need, benefits and characteristics of entrepreneurship, Entrepreneurial process, motivation, approach, qualities and profile of entrepreneur, Basic causes of failure, Types of entrepreneur, responsibilities of an entrepreneur.

Unit II

Functions of entrepreneur, nature and role of entrepreneurship, Opportunities and changes, Personal ethics, EDP programmes & institutions, needs, role, phases, institutional efforts, problems and suggestions.

Unit III

Environment of entrepreneurship, Size of business unit, optimum size of business unit, factors determining the size of business unit, location and plant layout, combination. Theories of entrepreneurship.

Unit IV

Project management  Project selection, project report, project evaluation, Project execution  Procurement of finance, land building, machinery, raw-materials, manpower and other inputs.

 

MC- 405  Tax Planning And Management

Course Objectives :

• The course aims at basically to sharpen the skills of the students to enable them to plan and manage their tax affairs.

Course Outline :

Unit I  Introduction

Definition, nature, scope, significance and limitations of tax-planning, difference between tax-evasion and tax-avoidance, tax management, tax-audit  concept, its significance and procedure and legal provisions.

Unit II  Tax Planning through Organisational Set-up

Tax planning with reference to location, nature and form of organisation of new business, organisational problems and tax-management, tax-obligations of individuals, firms and companies.

Unit III  Tax Planning through Managerial and Financial Decisions

Tax-planning through managerial decisions like make or buy, repair or renovate, own or lease, export and domestic sales, capital structure, dividend policy, amalgamation, mergers etc.

Unit IV  Tax Planning through Concessions and Incentives and Tax Audit

Implications of Tax-concessions and incentives in respect of Residential status, location of business, rebates including deduction and exmeption etc. Tax planning regarding capital gains, Salary, other source, house property etc.