PAPER - I
Accounting and Finance
Taxation & Auditing
Accounting as a Financial Information System; Impact of
Behavioural Sciences. Accounting Standards e.g., Accounting
for Depreciation, Inventories, Research and Development
Costs, Long-term Construction Contracts, Revenue
Recognition, Fixed Assets, Contingencies, Foreign Exchange
Transactions, Investments and Government Grants, Cash Flow
Statement, Earnings Per Share.
Accounting for Share Capital Transactions including Bonus
Shares, Right Shares,
Employees Stock Option and Buy- Back of
and Presentation of Company Final Accounts.
Amalgamation, Absorption and Reconstruction of Companies.
Nature and Functions of Cost Accounting. Installation of Cost
Accounting System. Cost Concepts related to Income
Measurement, Profit Planning, Cost Control and Decision
Costing: Job Costing, Process Costing, Activity Based
cost – Profit Relationship as a tool of Profit Planning.
Analysis/ Differential Costing as a Tool of Pricing
Decisions, Product Decisions, Make or Buy Decisions,
Shut-Down Decisions etc.
of Cost Control and Cost Reduction: Budgeting as a Tool of
Planning and Control. Standard Costing and Variance
Responsibility Accounting and Divisional Performance
Income Tax: Definitions; Basis of Charge; Incomes which do not form Part
of Total Income. Simple problems of Computation of Income
(of Individuals only) under Various Heads, i.e., Salaries,
Income from House Property, Profits and Gains from Business
or Profession, Capital Gains, Income from other sources,
Income of other Persons included in Assessee's Total Income
Set - Off
and Carry Forward of Loss.
from Gross Total Income.
Features/Provisions Related to VAT and Services Tax.
Company Audit: Audit related to Divisible Profits, Dividends, Special
investigations, Tax audit.
Banking, Insurance, Non-Profit Organizations and Charitable
Management, Financial Institutions and Markets
Finance Function: Nature, Scope and Objectives of Financial
Management: Risk and Return Relationship.
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and
Capital Budgeting Decisions: Process, Procedures and
Appraisal Methods. Risk and Uncertainty Analysis and
Cost of capital: Concept, Computation of Specific Costs and
Weighted Average Cost of Capital. CAPM as a Tool of
Determining Cost of Equity Capital.
Financing Decisions: Theories of Capital Structure - Net
Income (NI) Approach,
Operating Income (NOI) Approach, MM Approach and Traditional
Approach. Designing of Capital structure: Types of Leverages
(Operating, Financial and Combined), EBIT- EPS Analysis, and
Decisions and Valuation of Firm: Walter’s Model, MM Thesis,
Gordan’s Model Lintner’s Model. Factors Affecting Dividend
Capital Management: Planning of Working Capital.
Determinants of Working Capital. Components of Working
Capital - Cash, Inventory and Receivables.
Restructuring with focus on Mergers and Acquisitions
(Financial aspects only)
Markets and Institutions:
Financial System: An Overview
Markets: Participants, Structure and Instruments. Commercial
Banks. Reforms in Banking sector. Monetary and Credit Policy
of RBI. RBI as a Regulator.
Market: Primary and Secondary Market. Financial Market
Instruments and Innovative Debt Instruments; SEBI as a
Services: Mutual Funds, Venture Capital, Credit Rating
Agencies, Insurance and IRDA.
PAPER – II
Theory and Behaviour, Human Resource Management and
Organisation Theory and Behaviour
Concept of Organisation; External Environment of
Organizations -Technological, Social, Political, Economical
and Legal; Organizational Goals -Primary and Secondary
goals, Single and Multiple Goals; Management by Objectives.
Organisation Theory: Classical, Neo-classical and Systems
Concepts of Organisation Theory: Organisational Design,
Organisational Structure and Organisational Culture.
Organisational Design–Basic Challenges; Differentiation and
Integration Process; Centralization and Decentralization
Process; Standardization / Formalization and Mutual
Adjustment. Coordinating Formal and Informal Organizations.
Mechanistic and Organic Structures.
Organizational structures–Authority and Control; Line and
Staff Functions, Specialization and Coordination. Types of
Organization Structure –Functional. Matrix Structure,
Project Structure. Nature and Basis of Power , Sources of
Power, Power Structure and Politics. Impact of Information
Technology on Organizational Design and Structure.
Meaning and Concept; Individual in organizations:
Personality, Theories, and Determinants; Perception -
Meaning and Process.
Concepts, Theories and Applications. Leadership-Theories and
Styles. Quality of Work Life (QWL): Meaning and its impact
on Performance, Ways of its Enhancement. Quality Circles
(QC) – Meaning and their Importance. Management of Conflicts
in Organizations. Transactional Analysis, Organizational
Effectiveness, Management of Change.
Resources Management and Industrial Relations
Human Resources Management (HRM):
Meaning, Nature and Scope of HRM, Human Resource Planning,
Job Analysis, Job Description, Job Specification,
Recruitment Process, Selection Process, Orientation and
Placement, Training and Development Process, Performance
Appraisal and 360°
Feed Back, Salary and Wage Administration, Job Evaluation,
Employee Welfare, Promotions, Transfers and Separations.
Industrial Relations (IR):
Meaning, Nature, Importance and Scope of IR, Formation of
Trade Unions, Trade Union Legislation, Trade Union Movement
in India. Recognition of Trade Unions, Problems of Trade
Unions in India. Impact of Liberalization on Trade Union
Industrial Disputes : Strikes and Lockouts , Causes of
Disputes, Prevention and Settlement of Disputes.
Participation in Management: Philosophy, Rationale, Present
Day Status and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises, Absenteeism and
Labor Turnover in Indian Industries and their Causes and
ILO and its