•The dept. has well-equipped I.T. Lab with
• 11 Dell Desktops (Configuration Pentium Dual Core 3.2 GHz Processor, 2 GB to 4 GB DDR 3 RAM, 500 GB HDD, 21’’ LED Monitor)
•One Laptop (Intel i3 Processor 2.40 GHz, 2 GB DDR3 RAM, 500 GB HDD, 11’’ LED)
•Internet Connectivity to all machines through NME-ICT Project of MHRD, Govt. of India
9. Future Plan
At the end of the B.Com (Hons) programme, graduates will have:
P01: Core Subject Knowledge
Understanding of fundamental accounting, taxation, costing and management principles.
P02: Quantitative Skills
Skills used from accounting, taxation, costing, management and project work will be used in higher studies and research work.
P03: Analytical Skills
Use of accounting, taxation, costing, management as well as economics and statistical data analysis in the world of business and accounting.
PO4: Self-awareness Learning
Self and team assignments help develop self-awareness, critical thinking and deepen learning.
PO5: Professional Development
Prepare for a range of career choices in government, industry and academia viz., entrepreneur, banker, financial planners and advisors, financial and corporate accountant, cost accountant, management professionals, company secretary, office secretary, internal as well as external auditor, chartered accountant, tax consultant, financial analyst and consultant, investment consultant, civil service officer, researchers and teachers
11. Programme Specific Outcomes (PSOs):
After graduation the student will be able to learn-
PSO 1: The behavioural patterns of different accounting, costing, taxation agents, advance theoretical issues and their applications.
PSO 2: Understand determinants of accounting, costing and taxation indicators.
PSO 3: Learn about basic as well as advanced accounting, costing, and taxation methods.
PSO 4: Acquaint with some basic as well as advanced accounting, office and statistical software to be applied in accounting, costing and taxation.
PSO 5: Acquaint with some basic mathematical methods to be applied in commerce.
PSO 6: Acquaint with theoretical concept of different areas of macro as well as micro economics, Indian financial system, management, company law, business communication, audit, accounting convention and methods.
PSO 7: Acquaint with computerized accounting method.
PSO 8: Delineate and analyse the financial statement.
PSO 9: Facilitate the historical developments in the accounting and management thoughts propounded by different standards and schools respectively.
PSO 10: Learn the basic concept of monetary analysis and financial marketing in Indian financial markets.
PSO 11: Learn the development issues of accounting standard and GAAP
PSO 12: Acquaint with some basic concept of e-commerce.
PSO 13: Learn the real method of e-filing of tax return by using software
PSO 14: Learn the method of data collection through primary and secondary sources and acquaint the method of writing a project on various topics as specified in the course.
12. Course Outcome (COs)
· Core Course (CC)
Course Code: Business Law (CC 1.1 Chg)
Company Law (CC2.1 Chg)
The course is designed in a way where students will be able to understand the various Acts relating to our day to day business purpose. Students will be able to know The Indian Contract Act, The Sale of Goods Act, The Partnership Act. They also learn different types of Negotiable Instruments.
The enactment of the Companies Act, 2013 was one of the most significant legal reforms in India. The knowledge of law related to business is indispensable for the students of Commerce. Students will be able to know a broad coverage of the Companies Act, 2013.
Course Code: Principles of Management (CC 1.2 Chg)
Marketing Management and Human Resource Management (CC 2.2 Chg)
The structure of this (CC 1.2 Chg) subject is designed in this way provide basic concept of different management thoughts and schools. It gives details understanding about the importance and features of management functions and role of manager. This subject also separately discusses advantages and disadvantages of management function as well as its scope and nature. It also gives detail understanding about different individual function of management by focusing its importance, advantages and limitations.
CC 2.2 Chg describes the use of the elements of effective decision making research, assessment and consequence. Develop the abilities to plan for effective communication learns how to reflect, present and evaluate communication. Describe trends in the labor force composition and how they impact human resource management practice. Discuss how to strategically plan for the human resources needed to meet organisational goals and objectives. Compare and contrast methods used for selection and placement of human resources. Explain the influence of problem solving techniques, team processes, and environmental conditions on creativity in organizations. Describe the innovation process, including the innovation value chain, the role of champions, and commercializing an innovation. Analyze organizational practices that facilitate creativity and innovation.
Course Code: Financial Accounting – I (CC 1.1 Ch)
Financial Accounting II (CC3.1 Ch)
The structure of syllabus of CC1.1Ch is designed in such a way to provide a complete understanding about basic concept and application of accounting. It will be helpful for the students to find out revenue, valuation of inventories, determining depreciation, reserve and provision. It provides knowledge to differentiate between capital and revenue transaction. It also serves current information about accounting standard to bring uniformity in accounting system among different companies as well as different countries. This subject also offers a complete knowledge to the students to prepare financial statement of profit- seeking organization as well as non- profit organization.
The structure of the syllabus of CC3.1Ch is formed in a way that the students will be able to learn advance methods of accounting. They will understand the method of partnership accounting, branch and departmental accounting system as well as hire purchase accounting method. They will gather knowledge how to pass journal and ledger related to investment. Business acquisition and conversion of partnership into Joint Stock Company is one of the practical areas that will be benefited for the students.
Course Code: Cost and Management Accounting – I (CC 2.1Ch)
Cost and Management Accounting –II (CC 4.2 Ch)
The course of CC2.2Ch is designed in a way where students will be able to understand the basic fundamentals of Cost and Management.
Students will be able to identify and explain the various units related to the course as well as solve problems related to it. The course deals with Introduction to Costing, Cost Accounting and Management Accounting, Material Costs, Employee Cost and Incentive Systems, Overhead and Cost Statement Overhead, Cost Book-keeping, Costing Methods- Job Costing, Contract Costing, Service Costing and Output Costing, Process Costing. The students will understand determinants of accounting and costing.
The course of CC4.2Ch is designed in a way where students will be able to understand the basic as well as advanced concepts of Cost and Management.
The students will be acquainted with some basic mathematical methods to be applied in commerce. The course deals with Joint Product & By Product, Activity Based Costing, Budget and Budgetary Control, Standard Costing, CVP Analysis, Marginal Costing, Short-term Decision Making. The students will learn to apply the knowledge in the fields of business and accounting.
Course Code: Indian Financial System (CC3.2 Ch)
This course empowered us to generate a rigorous idea regarding basic financial structure of an economy. This basic structure of this course is to understand the key component of Indian financial system and its relation to each other. The inter-relation between different financial components needs to be understood properly. This course is meant for simplifying the understanding of complex Indian financial system.
Course Code: Entrepreneurship Development and Business Ethics (CC 4.1 Chg)
This paper is a new introduction in CBCS syllabus with an aim to ignite the applied entrepreneurial mindset of students in one hand and to teach them the fundamental principles of business ethics and good governance of corporation on the other hand. As the Government is encouraging for startups or atmanrirbhar abhiyan the course of Entrepreneurship requires a special mention. Moreover, doing business in an ethical way by serving the best interests of all is the need of the hour which is aptly addressed in the second part of the course.
Course Code: Taxation I (CC 4.1 Ch)
Taxation II (CC 5.2 Ch)
By understanding paper CC4.1Ch, students will able to know that tax is an important instrument in the hands of the government to achieve economic and social objectives. They also gather knowledge about the different types of Tax like Direct and Indirect Tax and different heads of income. By studying this paper students can solve different types of problems under the head of income from salary, income from house property, profit and gain from business or profession, income from capital gain, income from other sources. Students can gather the knowledge about deduction from gross total income. The right of an assessee to set off and carry forward of loses.
From paper CC5.2Ch students will be able to know how to compute total income and taxable income of an assessee. They also solve the problem of calculating tax liabilities of an assessee and Tax management like filling of return, self assessment, advance tax , internet and fee for belated tax filling or not filling of return at all etc. They can gather Knowledge of different source of Indirect Tax like central sales tax, GST, Customs etc. Students can also understand how to calculate the GST and the submission process of GST from this study.
Course Code: Auditing & Assurance (CC 5.1Ch)
Students will learn about the Company Auditing. The subject of 'Auditing' has undergone severe changes during the last two decades. Particularly the newly framed Companies Act, 2013 has affected the Company Audit. Students will be able to know Audit Procedure, Verification and Valuation of different type of assets and as well as liabilities. They also know how to prepare the Audit Report and Audit Certificate.
Course Code: Project Work (CC 6.1 Ch)
One of the objectives of any applied social science paper like Commerce is to create inquisitiveness in the mind of budding researchers in the larger field of commerce in general and accounting and finance in particular. With this view this project paper is incorporated in the UG level which is in line with the New Education Policy, 2020 which actually encourages that the students should undergo Ph. D after completing the undergraduate program.
· Generic Elective (GE)
Course Code: Microeconomics I (GE 1.1Chg)
Microeconomics II & Indian Economy (GE 4.1 Chg)
The basic requirement of GE1.1Chg is to understand that the fundamental concept of economics is necessary for every person in a society. Keeping this thing in mind, this course designed in way to comprehend the three most important concepts consumer behaviour, Firm’s production and cost and market structure.
This course enables us how to use the scarce resources to make optimal choice out of it and how to run an efficient market by maintaining some of the laws. Students may find it particularly interesting because of its practical usability in the society.
GE4.1Chg course basically gives emphasis on understanding the key use of market structure and its deviant from the efficiency. This course also allows us to take into account the determination of the factors payment. The discussion of India economy has a detailed understanding on some crucial issues of Indian Economy and its features.
This course is meant to increase the knowledge regarding the economy in more detail level and how does it perform in practical level.
Course Code: Statistics (GE 1.1Chg)
Business Mathematics & Statistics (GE 3.1 Chg)
This course is designed to provide the students with an understanding of the data and its relevance in business and develop an understanding of the quantitative techniques from statistics. A particular emphasis is placed on developing the ability to interpret the numerical information that forms the basis of decision-making in business. Most of the examples are drawn from a variety of business applications. This course introduces business statistics and fundamental aspects of decision-making. It examines aspects of business and marketing with regards to basic statistical analysis and some mathematical computation. Students will be provided with the theoretical concepts, tools and methods of statistics as well as the opportunity to work through example problems.
On completion of units of GE1.1Chg, students will be able to:
1. perform percentage adjustments to common commercial situations including depreciation calculations and those requiring algebraic manipulation of formulae;
2. plot and interpret straight line graphs, apply them to business decision-making and discuss the significant features of non-linear graphs;
3. identify the role of statistics in business and the analytical tools available for making business decisions;
4. demonstrate correct usage of measures of central tendency and measures of dispersion to describe data and perform analysis of data based on the results of these measures;
5. use measures of association to evaluate statistical relationships between different factors and determine the validity of these results.
6. Students will deal with various numerical & quantitative issues in business and management.
7. They will enable to use Statistical, graphical &algebraic techniques wherever relevant.
On completion of units of GE3.1Chg, students will be able to:
1. This course will also help them to have a proper understanding of Statistical application in economics, management & various perspectives of accounting & business.
2. Understand and critically discuss the issues surrounding sampling and significance.
3. Discuss critically the uses and limitations of statistical analysis
4. Solve a range of problems using the techniques covered.
5. Conduct basic statistical analysis of data.
6. Apply probability calculations and normal distribution techniques to calculate probabilities for business scenarios.
7. 6. Students will acquire the ability to distinguish between random and non-random experiments, 7. They will have the knowledge to conceptualise the probabilities of events including frequentist and axiomatic approach. Simultaneously, they will learn the notion of conditional probability including the concept of Bayes’ Theorem,
8. 8. They will have the knowledge related to concept of discrete random variable and its probability distribution including expectation and moments, important discrete distributions such as Binomial, Poisson, Geometric, Negative Binomial and their interrelations.
9. 9. Acumen to apply standard discrete probability distribution to different situations.
10. Demonstrate mastery of mathematical concepts that are foundational in business mathematics, including functions and their mappings, linear systems and their solutions, and descriptive statistics and their applications.
11. Demonstrate an understanding of basic marketing mathematics by solving relevant problems, including trade discounts, cash discounting, and markup and markdown calculations.
12. Apply the principles of simple interest to solve relevant problems in financial applications such as simple-interest-based loans.
13. Use the principles of compound interest to solve relevant problems in financial applications, for example, those involving annuities, loans and mortgages, bonds and sinking funds, and investment decisions.
Course Code: E-Commerce & Business Communication (GE 2.1 Chg)
On completion of this subject, students will be:
1. Able to understand the recent advancement in the E-commerce Technology and Business Communication.
2. Acquire knowledge of E-commerce transaction.
3. To understand the importance of E- Commerce and its Technology for business.
4. To gain a practical orientation to E- Commerce development and Maintenance.
5. Students will be able to understand the recent advancement in the e- commerce technology and make use of that advancement in their chosen field of industry.
6. Identify the main business and marketplace models for electronics communication and trading.
7. Evaluation the effectiveness of business and revenue models for online business.
8. Complete an online marketplace analysis to assess competitor and customer and intermediary and competitor use the internet as part of strategy development
Skill Enhancement Elective Course (SEC)
Course Code: Information Technology & Its Application in Business (SEC 3.1 Chg) (Th + Practical)
On completion of this subject, students will be able to learn:
1. Concepts of data, information and computer based information system,
2. Acquire knowledge Concepts of data, information and computer based information system.
3. Concept of database management system (DBMS).
4. Need and concepts, dimension, definition and scope of e-security, security threats.
5. Practical Knowledge about Word Processing, Preparing Presentations, Spreadsheet and its Business Applications, Database Management System.
Course Code: Computerised Accounting and e-Filing of Tax Returns (SEC 6.1Chg) (Practical)
This course is introduced for the first time in Commerce stream in CBCS of CU to provide the in depth understanding to students on how to develope an accounting program for basic financial transactions including pay roll development etc. Moreover database administration process is also included in this course. Finally one of the most practical outcomes of this course is inclusion of e-filing of income tax module where students will have practical hands on learning on titbits of e-filing of income tax returns which they can use in their professional life to earn income.
· DisciplineSpecific Elective (DSE)
Course Code: Economics II (DSE 5.1 A)
This course basically takes into account the detail discussion of an economy as a whole. Understanding how an economy performs in an aggregate level is very helpful to make or change a policy for a whole nation. To have a vivid picture relating to inflation, unemployment, national income etc., this course has an extreme importance.
Course Code: Advanced Business Mathematics (DSE 5.1 A)
The aim of this paper is to define basic terms in the areas of business calculus and financial mathematics.
2. Explain basic methods of business calculus, types and methods of interest account and their basic applications in practice.
3. Solve problems in the areas of business calculus, simple and compound interest account, use of compound interest account, loan and consumer credit.
4. Discern effects of various types and methods of interest account.
5. Connect acquired knowledge and skills with practical problems in economic practice.
Course Code: Corporate Accounting (DSE 5.2 A)
On completion of this paper students will be able to gather knowledge about different adjustments related to issues and buyback of shares and debentures. They will also learn to prepare company final account under Schedule III, redemption of debenture, valuation of goodwill and shares. One of the most important units by which they will understand the current trend of post globalised business world is company merger and reconstruction.
Course Code: Financial Reporting and Financial Statement Analysis (DSE 6.1 A)
The students will learn the basic fundamentals of Financial Reporting and Financial Statement Analysis. They will acquire knowledge of the basic concepts of monetary analysis and financial marketing in India. The course includes the following units- Holding Company, Accounting Standards, Fund Flow Statement, Cash Flow Statement, and Introduction to Financial Statements Analysis, and Accounting Ratios for FSA. The students after learning the application can successfully delineate and analyse the financial statement.
Course Code: Financial Management (DSE 6.2 A)
By studying this paper students will be able to know the function of financial management. Students will learn about the time value of money, the present and future value of money by the method of annuity and compound interest. Students will also learn about the different sources of capital, leverage, capital budgeting, cost of capital, dividend policy, capital structure theories, working capital management and sources of finance.