VEER NARMAD SOUTH GUJARAT UNIVERSITYM.Com-I. Semester - 1 Paper No : 104 Financial & Management Accounting Paper - 1 (Syllabus effective from Academic Year 2010-11 onwards) Objectives : • • • To acquaint the students with recent trends in accountancy. To develop in them the skill to analyze the financial accounting data for managerial decisions. Knowledge Required: Reasonable working knowledge is expected. 1. Ratio Analysis Classification of ratios, Uses and limitations of ratios, Computation of different ratios from the given data, preparation of financial statements on the basis of ratios and other data. 35% 2. Fund Flow Analysis Concept - Objective - Its uses and limitations - Preparation of statement of sources and application of funds. 35% 3. 4. Holding Company Accounts Statement to be prepared as per section 212 of Companies Act 1956 20% Significance of contingencies and events occurring after the balance sheet date but before certificate of accounts by the auditor. (Accounting Standard -4) 10% Note :-(1) Question paper should contain problems carrying not less than 80% of the total marks. (2) Knowledge required: Reasonable working knowledge is expected. References : • • • • • • • • • Advance Accounting Vol. I & II - R. L. Gupta; Sultan Chand & Co., New Delhi. Advanced Accounting - S. N. Maheshwari. Management Accounting & Financial Control - S. N. Maheshwari Sultan Chand & Co., New Delhi. Contemporary Accounting, Issues By Jawarlal, Published by Vision Books, New Delhi. Principles of Management Accounting by Manmohan and S. N. Goyel, Sahitya Bhavan, Agra. Human Resource Accounting - Gupta; Sultan Chand & Sons. Inflation Accounting - Gupta; Sultan Chand & Sons. Practical Financial Analysis - Foulke R. A. Techniques of Financial Analysis - Erich A. Illefert. Sultan Chand & Co. • Knowledge Required: Reasonable working knowledge is expected.Com-I. and also help students to understand the conceptual framework of Financial Management. I & II . national accounts.Importance of Human Resource Accounting .1 Paper-105 (Syllabus effective from Academic Year 2010-11 onwards) Financial & Management Accounting Paper .Human Resource Accounting in India.S. Semester . Gupta. 40% 2. importance of natural resources and environment. L.Concept of Human Resource Accounting . New Delhi. Advanced Accounting . Maheshwari.VEER NARMAD SOUTH GUJARAT UNIVERSITY M. Problems on loss of stock policy. N.Indian context .. 1.Merits and demerits of environmental accounting.2 Objectives : • The objective of this course is to expose students to advanced accounting such as maintenance of company accounts.R.Recording & Disclosure in Financial Statement . Note : 1. Environmental Accounting origin and development. 2. Question paper should contain problems carrying not less than 80% of the total marks References : • • Advance Accounting Vol. Final Accounts of Company are to be taught only as per Scheduled VI and it is expected that students prepare Vertical Balance Sheet. loss of profit policy and consequential loss policy. 20% Fire Claims 30% 3. Final Accounts of Limited Company Advanced company final accounts. 4. Human Resource Accounting Need & Development . environmental accounting for developed and developing countries . . Environmental Accounting 10% Introduction: Environment.Valuation of Human Resource . Issues By Jawarlal.Foulke R. Illefert. Das Gupta. .D. N. Wheeler.Erich A. Contemporary Accounting. Goyel. Environmental Accounting . Techniques of Financial Analysis .. New Delhi.• • • • • • • • Management Accounting & Financial Control . Sultan Chand & Sons. New Delhi. Principles of Management Accounting by Manmohan and S. Sultan Chand & Sons. A.S. Human Resource Accounting . N.Gupta. Practical Financial Analysis . Sahitya Bhavan. Published by Vision Books. Maheshwari Sultan Chand & Co. Agra. Inflation Accounting . New Delhi.Gupta. D. 79 & 80). Provisions relating to : Set off and carry forward of losses (Section 70. Relevant Assessment Year means the concerned Academic Year. 44AA.International Accounting Standard Board (IASB) Accounting Standards Board (ASB) . 72A. Accounting Standards 25% (Recommended by the Institute of Chartered Accountants of India) Meaning .Objects . 44AE. 74A.VEER NARMAD SOUTH GUJARAT UNIVERSITY M. .Com-I. Note : 1 Provisions which are effective in the relevant Assessment year must be taught.Utilities . 75. 44AD.Profit or loss & Changing of Accounting Policies. • Disclosures of Accounting Policies. 71. 1. 74. 43B. 78. 72. • Financial Statement. Knowledge Required: Reasonable working knowledge is expected.Following five standards required to be studied.3 (Syllabus effective from Academic Year 2010-11 onwards) (In Option of Dissertation) Objectives : • • • To acquaint the students with the recent trends in accountancy. Provisions relating to : Computation of Income under head "Capital Gains" (Section 45 to 55A) along with Provisions relating to Securities Transaction Act as per Chapter VII Finance (No. 2) Act 2004 as modified from time to time. 73. • Evaluation of Stock (Inventories) • Depreciation Accounting • Final Account . To give a basic working knowledge of some of the provisions of Income Tax Act 1961. 2. Provisions relating to : Computation of Income under the head "Profits and gains of business or profession" including audit of accounts of certain person. 43C. (Section 28 to 43.) 2. 3. 44AF. Income Tax 75% 1. Semester .1 Paper-106 Financial & Management Accounting Paper . 44AB. S. Porwal. W.Sukumar Bhattacharya. . K.Tax .L.V. New Delhi... Gupta. Sultan Chand & Sons. McGraw Hill.. I & II .L. K. L. Taxmann Allide Services (P) Ltd. Advanced Accounting . Tata.. Tata McGraw. N. Paul.Tulsian.Ravi M. J.N. Management Accounting & Financial Control . Sultan Chand & Co. Students guide to Income . Singhania. Financial Accounting .. Brown. Gupta. Singhania. Ltd. New Central Book Agency (P) Ltd. Sahitya Bhavan. Das Gupta.. Agra. Pitman Publishing Ltd. S. Accounting Theory .S.Dr. K.R. Management Accounting . L. Kolkota. Advance Accounting Vol. Advance Management Accounting .N. S. Agrawal.V. Accounting Standards . London. Direct Taxes . P. New Delhi. Kishore. Global Business Press. KR. New Delhi. Taxamann Publication. Cost Accounting . Wheldon's Acost Accounting . Kolkata. Maheshwari Sultan Chand & Co.Indian & International . Owler & J. Books Syndicate Pvt.2 Question paper should contain problems carrying not less than 80% of the total marks • • • • • • • • • • • • • Direct Taxes . Sultan Chand & Sons. 20% Conceptual Understanding of: • • • Social Accounting Social Responsibility Accounting Designing in Accounting System 10% Note :-1 Problems Carrying not less than 80% of the total marks shall be asked.Gupta. L. To develop in them the skill to analyze the financial accounting data for managerial decisions.Gupta. Illefert. Advanced Accounting . Maheshwari.. Sahitya Bhavan. Practical Financial Analysis . 1. Managerial Remuneration Provisions under the companies Act and its computation. References : • • • • • • • • • Advance Accounting Vol. Maheshwari Sultan Chand & Co. Agra. Knowledge Required: Reasonable working knowledge is expected.S. Goyel. N.Erich A. N.2 Paper No: 204 Financial & Management Accounting Paper . New Delhi. Cash Flow Statement Concept – Objective – Its uses and limitations – Preparation of Cash Flow Statement as per Indian Accounting Standard – 3. Sultan Chand & Co.. Management Accounting & Financial Control .VEER NARMAD SOUTH GUJARAT UNIVERSITY M. New Delhi.S. Human Resource Accounting . Semester .R. Issues By Jawarlal. I & II . A. New Delhi.Foulke R. Inflation Accounting . Published by Vision Books. 4.4 (Syllabus effective from Academic Year 2010-11 onwards) Objectives : • • • To acquaint the students with recent trends in accountancy. Holding Company Accounts Preparation of consolidated Balance Sheet with one subsidiary company (Excluding Cross Holdings) 35% 3. N. Contemporary Accounting. Gupta. 35% 2. Sultan Chand & Sons.Com-I. Techniques of Financial Analysis . . Principles of Management Accounting by Manmohan and S. Guiding principles for preparing reports .Com-I.Generation of Value Added Application statement .VEER NARMAD SOUTH GUJARAT UNIVERSITY M. Accounting for Insurance Company Commercial & legal background of insurance business . Uses of Value Added Product Pricing . Objectives of reporting . 1.Hightech Accounting and Value Added . 10% 2.Books maintained by insurance company .Types of reports .foreign branch as per accounting standard II (Exchange rate should be given) 35% 4. Problems carrying not less than 80% of the total marks shall be asked.5 (Syllabus effective from Academic Year 2010-11 onwards) Objectives : • The objective of this course is to expose students to advanced accounting such as maintenance of Insurance Companies accounts and also help students to understand the conceptual framework of Financial Management. 3.Modes of reporting . • Knowledge Required: Reasonable working knowledge is expected. Reports to Management.Difficulties in preparation of Value Added statement.2 Paper No: 205 Financial & Management Accounting Paper . 10% Note : 1.Preparation of final accounts of Life Insurance & General Insurance Company (Elementary problems only) 25% Value Added Accounting Definition .Group Value Added Statement.Preparation of reports and use of reports by management. 20% Branch Accounting Independent Branch . . Semester . 5 Recent Trends in Published Accounts.Reporting needs of different Management levels . Management Accounting & Financial Control . Contemporary Accounting.. New Delhi.References : • • • • • • • • • Advance Accounting Vol.Foulke R. N. N. Advanced Accounting . Sultan Chand & Sons. Maheshwari.. Human Resource Accounting . Published by Vision Books. Sultan Chand & Co. Agra. Principles of Management Accounting by Manmohan and S. Illefert. • . L. New Delhi. Gupta. Inflation Accounting . Maheshwari Sultan Chand & Co.Gupta. Sultan Chand & Sons. I & II . Goyel.Gupta. D.D. Sahitya Bhavan. Issues By Jawarlal.R. N. Wheeler.Erich A. Das Gupta. New Delhi. Techniques of Financial Analysis . Practical Financial Analysis . A.S. Environmental Accounting . New Delhi.S. Section : 3 Assessable Entities. 35% 1. Section : 6 Exclusion of Assets an Debts outside India. 234B. Assets.6 (In Option of Dissertation) (Syllabus effective from Academic Year 2010-11 onwards) Objectives : • • • To acquaint the students with the recent trends in accountancy. Income Tax 1.VEER NARMAD SOUTH GUJARAT UNIVERSITY M.Com-I. Legal representative. 1. Section : 5 Exemptions in respect of certain Assets. 3. Section : 7 Computation of Net Wealth. Semester . . 4. 234C & 234D) 2.2 Paper No: 206 Financial & Management Accounting Paper . Provisions relating to : 10% (i) Deduction of Tax at Source (Section 192 to 206 & 206A) (ii) Tax Collection at Source (Section 206C & 206CA) (iii) Advance Payment of Tax (Section 207 to 219) (iv) Interest Chargeable in Certain case (Section 234A. To give a basic working knowledge of some of the provisions of Income Tax Act 1961. Net wealth. 5. Section : 4 New Wealth to include certain Assets. Valuation date.Assesses. Knowledge Required: Reasonable working knowledge is expected. Wealth Tax : Definitions . Provisions relating to : Income from Other Sources (Section 56 to 59). Wealth Tax 1957 and Gujarat Value Added Tax 2003. Basic exemption limit. Income of Other Person included in Assessee’s Total (Section 60 to 65) 35% 2. 2. Assessment Year. 6. Gujarat Value Added Tax 2006 : 1. (Section 3 To 15) Commercial Tax Authorities and Tribunal.S. London. 3. Accounting Theory . Management Accounting & Financial Control .. Maheshwari Sultan Chand & Co.V.L. Students guide to Income . Direct Taxes . W. Kolkata. Advance Management Accounting . Brown. Kolkota. 9. Financial Accounting . Taxmann Allide Services (P) Ltd. New Delhi. KR.N.3. Wheldon's Acost Accounting .L. Singhania. Extent And Commencement & Definition.N.. Agrawal. Cost Accounting . Accounting Standards . ( Section 1&2) Incidence And Levy of Tax. McGraw Hill... Advanced Accounting . L. . I & II . S.Indian & International . Das Gupta. 2. (Section 29 To 48) Liability To Pay Tax In Certain Cases. 8. N. (Section 21 To 28) Returns. Paul.. (Section 16 To 20) Registration. Singhania. Books Syndicate Pvt. New Central Book Agency (P) Ltd. Pitman Publishing Ltd.. New Delhi. Taxamann Publication. New Delhi. Sultan Chand & Co. K. Gupta. (59A & 59B) Accounts And Records. Assessment. 7. Note : 1. K.Ravi M. Porwal. Kishore. Owler & J. 20% Short Title. Recovery of Tax And Refund.R. Relevant Assessment Year means the concerned Academic Year. Sahitya Bhavan. Provisions which are effective in the relevant Assessment year must be taught. Global Business Press.S.Sukumar Bhattacharya. Ltd. Agra.Dr. 2. Tata McGraw. Gupta.Tulsian. Payment of Tax. Advance Accounting Vol. K. S. J. Sultan Chand & Sons. 5. (Section 49 To 59) Tax Deduction At Sources. (Section 60 TO 64) Liability To Produce Accounts And Supply of Information (Section 65 To 72) Problems carrying not less than 80% of the total marks shall be asked. 4.Tax . P. Management Accounting . References : • • • • • • • • • • • • • Direct Taxes . Tata.V. L.
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