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Syllabus of M.Com
(Annual System)
University of Sargodha
RATIONALE OF THE COURSES OF M.COM
Attached outline of courses has been revised for students of M.Com. Courses
have been designed in a manner which will broaden the knowledge and
comprehension of the subject concerned. Chair has been taken that due
consideration for the learning strata in the area of their professional needs are
properly given due consideration.
Each course has been developing in scientific manner such that fundamentals
ideas context are deled with in the initial part and the higher levels are attain
in a progressive manner. This will enable to apply the tools of basic
knowledge for understanding and solving problems of comparatively higher
and complex nature. It has also been kept in view that subject like math,
states and economics. Research techniques are applied and used as tools for
dealing with financial and accounting methods. In this way after studying
these courses the crop of students will be well equipped in addition to their
professional knowledge, with the knowledge of social values and fundamental
technique of quantitative analysis/research.
According to our latest studies we have found that once again the commerce
graduates have great demand by the Business and industry in Pakistan. As a
matter of fact employees are once again vehement about classical degrees like
M.Com and B.Com (Hons.). It shows that trend for employing more and more
graduate in accounting and finance is rapidly developing. This will in return
result in substantially greater demand in Commerce graduate in Pakistan.
General Instruction
• Eligibility Criteria:
Under the University of Sargodha Rules, for admission in M.Com, Students must
have only Commerce Graduate i.e. B.Com 02years
• Paper Pattern:
Under the University of Sargodha Rules, the paper will consist of the following two
parts
i. Objective type 40%
ii. Subjective type 60%
Objective Type part is compulsory and may consist of the following types of
questions.
i. Multiple Choices
ii. True / False questions
iii. Fill in the Blanks
iv. Short Answers
• Passing Marks 40%
• Aggregate 45%
• Maximum Attempts in Part-I 03 Attempts
• Maximum Attempts in Part-II 04 Attempts
• Students must pass 50% subjects in 1st attempt.
• Area of specialization
i. Finance
ii. Accounting
• Duration of the Program 02 years
SCHEME OF PAPER & PAPER MARKS
M.COM PART-I
Paper No. Subject Code Subject Name Total
marks
01 MCM-501 Principles of Marketing & Fundamentals of
Management
100 Marks
02 MCM-502 Quantitative Techniques in Business 100 Marks
03 MCM-503 Financial Management 100 Marks
04 MCM-504 Business Communication 100 Marks
05 MCM-505 Managerial Economics 100 Marks
06 MCM-506 Accounting For Decision Making 100 Marks
07 MCM-507 Management Information System 100 Marks
M.Com (Part-I)
MCM-501 PRINCIPLES OF MARKETING AND FUNDAMENTALS OF MANAGEMENT
Marks (100)
A). PRINCIPLES OF MARKETING Marks (50)
Marketing concepts: Defining Marketing and managing profitable customer relationship, Evolution of marketing
as a customer led business.
Understanding the Marketplace and Consumer, The Marketing Environment, Consumer Markets and Consumer
Buyer Behavior, Business Markets and Business Buyer Behavior.
Designing as Customer-Driven Marketing Strategy and Integrated Marketing Mix, Market segmentation
Product differentiation, Market positioning.
Product: Product, services and branding strategies, New product development and product life cycle strategies.
Price: Factors to consider in setting prices, pricing strategies
Place: Nature and importance of distribution channel, Channel behavior and organization, Channel design
decisions, Channel management decisions, Public policy and distribution decisions.
Promotion: Integrated marketing communication strategy, Advertising, personal selling, sales promotion, public
relationships
B). PRINCIPLES OF MANAGEMENT Marks (50)
Introduction to Management, What is Management and what does Management do? Defining Management,
Management Functions, Management Roles, Management Skills, History of Management.
Organizational Culture and Environment, The Manager: Omnipotent or Symbolic? The Organization’s Culture,
The Environment: Defining Environment, The Specific Environment, The General Environment, Influence on
Management Practice.
Decision Making: The Essence of Manager’s Job, The Decision Making Process, The Rational Decision Maker,
Decision Making Styles, Group Decision Making.
Planning: The Foundations of Planning, The Definition of Planning, Purposes of Planning, Types of
Plans, Contingency Factors on Planning, Objectives: The Foundation For Planning: Multiplicity of Objectives,
Real Versus Stated Objectives, Traditional Objective Setting, Management by Objectives
Strategic management process.
Organization Structure and Design: Defining Organization Structure and Design, Building the Vertical
Dimension of Organizations, Building the Horizontal Dimension of Organizations, The Contingency Approach to
Organizations, Application of Organization Design.
Leadership: Managers Verses Leaders, Trait Theories, Behavioral Theories, Contingency Theories,
Contemporary Issues in Leadership.
Controlling: Foundation of Control, What is Control?, The Importance of Control, The Control Process, Types of
Control, Qualities of Effective Control, The Dysfunctional side of Control.
Recommended books:
1. Management by Stephen p. Robbins.
2. Principles of Management by koontz
3. Principles of marketing by Philip Kotler.
4. Fundamentals of marketing by William j. Stanton
M.Com (Part-I)
MCM-502 QUANTITATIVE TECHNIQUES IN BUSINESS Marks (100)
A). BUSINESS STATISTICS: Marks (50)
Descriptive Statistics: (Introduction to statistics, Role of statistics in business, Constructing a frequency
distribution, Graphing frequency distribution, Measure and uses of central tendency).
Regression and Correlation Analysis: (Introduction to regression and correlation, The function relationship between
two variables, Scatter diagram, Linear correlation, The linear regression equation and estimation regression
equation, The co-efficient of correlation, Co-efficient of determination, Standard error of estimate, The method of
least square for fitting a regression line).
Time Series Analysis and Business Forecasting: (The classical time series method, Trend analysis, Analysis of
cyclical variation, Measurement of seasonal variation, Applying seasonal adjustment, Forecasting based on trend
and seasonal factors).
Index No For Business Data: (Introduction, Construction of simple indexes, Composite index number, Un weighted
index number, Weighted index number, The consumer price index number CPI)
Probability: (Sample spaces and events, Definition of probability, Addition and multiplication rules of probability,
Conditional probability, Probability distribution, Discrete probability distribution, Expected value and variance (Only
for discrete random variable), The binominal distribution, The Poisson distribution, The normal distribution)
Sampling and Sampling Distribution: (Population and sample, Parameters and estimators, Reasons for sampling,
Random sampling, Sampling distribution, Sampling distribution of mean, Sampling distribution of differences of
means).
Testing Of Hypothesis: (The rational of hypotheses testing, Testing hypothesis about one mean, Testing
hypotheses about two mean, Testing hypothesis about proportions, Goodness of Fit, Contingency table analysis)
B). BUSINESS MATHEMATICS: Marks (50)
Matrices: (Introduction of matrix, Addition and multiplication of matrices, Determinant, Inverse of a matrix,
systems of M Equations in N Unknowns, Application of matrices in business).
Differentiation: (Rule of differentiation, Relative maxima and relative minima, Test for determination of maxima
and minima, Differentiation Application in business).
Books Recommended:
1. “Business Statistics Concepts and Applications” by William J. Stevenson
2. “Theory And Problems of Business Statistics With Computer Applications” by Leonard J Kazmier
3. “Statics for Management” by Levin D. and Rubin D
4. “Statistical Technique in Business and Economics” by Mason R. D and Lined D.A.
5. “Applied Mathematics for Business” by Bud nick F.S.
M.Com (Part-I)
MCM-503 FINANCIAL MANAGEMENT Marks (100)
The Role of Financial management (Introduction, The Goal of the Firm, Organization of the Financial Management
Functions).
The Business, Tax and Financial Environments.
The Time Value of Money (The interest Rate, Simple interest, Compound Interest: Single Amounts, Annuities,
mixed Flows, Semiannual and Other Compounding Periods, Continuous Compounding, Effective Annual Interest
Rate, Amortizing a Loan).
The Valuation of Long-Term Securities (Bond Valuation, Preferred Stock Valuation, Common Stock Valuation, Rates
of Return (or yields).
Risk and Return (Defining Risk and Return, Using Probability Distributions to Measure Risk, Attitudes Toward Risk,
Risk and Return in a Portfolio Context, Diversification, The Capital-Asset Pricing Model (CAPM).
Overview of Working Capital Management: Cash and Marketable Securities Management, Accounts Receivable and
Inventory management, Short-Term Financing.
Capital Budgeting and Estimating Cash Flows (The Capital Budgeting Process, Generating Investment Project
Proposals, Estimating Project “After-Tax Incremental Operating Cash Flows”).
Capital Budgeting Techniques (Project Evaluation and Selection: Alternative Methods: Payment Period, Internal
Rate of Return, Net present value, Profitability Index, Potential Difficulties, Multiple Internal Rates of Return).
Required Returns and the Cost of Capital (Overall Cost of Capital of the Firm, The CAPM: Project-Specific and
Group-Specific Required Rates of Return, Evaluation of Projects on the Basis of their Total Risk).
Operating and Financial Leverage (Operating Leverage, Financial Leverage, Total Leverage, Cash-Flow Ability to
Service Debt, Combination of Methods).
Capital Structure Determination (A Conceptual Look, The Total Value Principle, Presence of Market Imperfections
and incentive Issues, The Effect of Taxes, Taxes and Market Imperfections Combined).
Dividend Policy (Passive versus Active Dividend Policies, Factors Influencing Dividend Policy, Dividend Stability,
Stock Dividends and Stock Splits, Stock Repurchase, Administrative Considerations).
BOOKS RECOMMENDED:
1. Fundamentals of Financial Management by James C. Van Horne, Latest Edition.
2. Principles of Managerial Finance by Lawrence J. Gitman.
3. Fundamentals of Financial Management by Brigham and Houston
M.Com (Part-I)
MCM-504 BUSINESS COMMUNICATION Marks (100)
Business English:
Vocabulary building (Greek and Latin roots , orthography), dictionary use, sentence structure , use of clauses ,
reading skills and techniques (skimming, scanning, skipping etc.) importance of listening , barriers in listening ,
strategies for effective listening , writing skills , process of writing , rules for writing correct English , punctuation ,
speaking skills is importance & strategies .
Business Communication / Interpersonal Skills:
Communication foundation (definition , objectives , importance in organization , level and flow of communication),
nonverbal communication , barriers in communication , principles for effective communication , international
business communication , communication and ethics , using the techniques of style and tone, organizing ,
designing and writing of effective business message (major plans for letters &memos, inductive and deductive
approach), job seeking skills (designing a successful job application , designing resume , preparing for interviews),
work team communication (team work, negotiation skills, conducting the meetings, dealing with conflict),
presentation skills , presenting written reports (preparing short and formal reports), self management , graphic
communication.
RECOMMENDED BOOKS:
1. Essentials of Business Communication by MARY ELLEN GUFFEY & BERTHA DU-BABCOCK
2. The Business of Communicating by MARTY CIELENS MARY AQUINO
3. Interpersonal Skills by JOHN HAYES
4. Interpersonal Skills in Organization by SUZANNE
5. Effective Business Communication by HERTA A. MURPHY
M.Com (Part-I)
MCM-505 MANAGERIAL ECONOMICS Marks (100)
Overview Of Managerial Economics : Nature and scope of Managerial Economics (Theory of the Firm, Profit
measurement), Economic Optimization (Process of economic optimization, Basic economic relations, Marginal as
the derivatives of functions, Marginal analysis in decision making, Incremental concept in economic analysis)
Demand and Supply (Basic concepts).
Demand Concepts In Managerial Decision Making: Demand Analysis (Basis for consumer demand, Consumer
Choice, Optimal consumption, Use of demand elasticity’s in managerial decision making)Demand Estimation
(Identification problem, Marketing research approaches, Regression analysis)Demand Forecasting (Qualitative
forecasting, Time series analysis, Smoothing techniques, Econometric models) .
Production Behavior And Cost Theory: Production Analysis (Production functions, Law of diminishing returns to
scale, Optimal combinations of inputs)Cost Analysis (Basic concepts, Long run and Short run cost curves, Returns
to Scale, Learning curves, Economies of Scale and Scope, Cost volume analysis)Linear Programming (Graphic
Specification and solution, Duality, Shadow prices).
Market Structure And Equilibrium: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly (Price
and output determination, Short run and Long run analysis, Oligopoly models)Game Theory (Prisoner’s dilemma,
Nash equilibrium, Repeated games)Pricing Theory (Pricing of multiple products, Price discrimination, Transfer
pricing, Markup pricing).
Decision Making Under Risk And Uncertainty : Risk Analysis (Concepts of risks, Utility theory, Decision trees, Use of
game theory)
Managerial Theories And Models Of The Firm : Theories (Baumol’s theory of Sales Revenue Maximization, Marris’s
Model of Managerial Enterprise, Williamson’s Model of Managerial Discretion Topics, Behavioral Model by Cyert and
March).
Recommended Books:
1. Hirschey, M. Managerial Economics. 10th Edition
2. Salvatore, D. Managerial Economics in a Global Economy. McGraw Hill, 5th Edition
Additional Readings:
1. Peterson H. Craig & Lewis, W. Cds, Managerial Economics, by Macmillan Publishing Company, New York
2. Sue. Managerial Economics, McGraw Hill.
3. Darr. Managerial Economics
4. Hirschey, M.and J.L. Pappas; Fundamentals of Managerial Economics, Dryden Press.
5. Keat, R. & Young, P. Managerial Economics, by Macmillan Publishing Company, New York
M.Com (Part-I)
MCM-506 ACCOUNTING FOR DECISION MAKING Marks (100)
An overview of an accounting cycle relating to corporation.
Generally accepted accounting principles and conventions.
The accounting process (the recording phase, the periodic summary, adjusting and closing the accounts, financial
reports on cash versus accrual basis, transactions to statements).
Cash and Temporary, investments (composition of cash, control of cash, cash planning composition of temporary
investment, recording purchase and sale of marketable securities, valuation of marketable securities, cash
overdrafts, offset of securities against tax liabilities).
Receivables(composition of receivables, valuation of receivables, use of receivables in cash planning, presentation
of receivables on the balance sheet).
Inventories- cost procedures( classes of inventories, inventories in the measurement of income, inventory systems,
items to be included in inventory, inventory valuation, inventory cost methods, traditional cost flow methods, other
cost procedures, effects of errors in recording inventory position).
Inventories-special valuation procedures (inventory valuation at cost or market whichever is low, deteriorated
goods, trade-Ins, repossessions, losses on purchase commitments, valuation at sales prices, and valuation at
market).
Inventories- estimating procedures in valuation (gross profit method, retail inventory method, inventory valuation
in a manufacturing concern, inventories on the balance sheet, prepaid expenses).
Investments-Stocks (classification of investments, investment in stocks, investments representing substantial
interest in voting stock, investments and tax accounting).
Investments-Bonds, Funds, and Miscellaneous (kinds of bonds, bond yield, bond acquisition, amortization and
accumulation procedures, accounting for long-term investments in bonds, bond disposition, bond valuation, long-
term notes and mortgages, establishment of fund, fund accumulation, accounting for funds, preferred stock
redemption fund, cash surrender value of life insurance, interests in real estate, advances, deposits, interest in
partnerships, interests in trusts and estates).
Land, Building and Equipment-acquisition, use and retirement (composition of land, building and equipment, capital
and revenue expenditures, valuation of property accounts, acquisition of property, expenditures incurred during
service life of property items, property retirements).
Land, Buildings and Equipment-Depreciation and Depletion (factors determining the periodic depreciation charge,
recording depreciation, methods of cost allocation, group-rate and composite-rate methods, appraisal, retirement,
and replacement systems, allowable depreciation for federal tax purposes, property records, disclosure of
depreciation, methods in financial statements, depreciation accounting and property replacement, depletion,
dividends representing, proceeds from wasting assets).
Land, Buildings and Equipment-Revaluations (revisions in estimates of property life, fully depreciated, properties
still in use, changes in depreciation, resulting from additions, betterments and replacements, departures from cost,
use of appraisal data, support for the use of current values, arguments for and against the use of current values,
land, buildings and equipment on the balance sheet).
Intangible Assets (valuation of intangible assets at time of acquisition, valuation of intangible assets, subsequent to
time of acquisition, identifiable intangible assets, good will, intangible assets on the balance sheet).
Current and Contingent Liabilities(current liabilities that are definite in amount, estimated current liabilities,
contingent liabilities).
Long-Term Liabilities (bonds payable, long-term purchase contracts, accounting for pension plans, deferred income
taxes payable, deferred revenues, long-term liabilities on the balance sheet).
Paid-In Capital- capital upon corporate formation (forming the corporation, nature of capital stock, preferred stock,
common stock, recording issuance of capital stock, issue of capital stock, subscription defaults, recording
authorized stock in the accounts, sale of security units for a single sum, capital stock issued for consideration other
than cash, treatment of premium and discount on sale of capital stock, capital stock assessments, issuance of
capital stock in exchange for a business).
Paid-In Capital- Changes Subsequent to Corporate Formation (capital stock reacquisition and retirement, treasury
stock, donated stock, stock right and options, stock conversions, recapitalizations, stock splits and reverse stock
splits, paid-in capital not designated as legal capital).
Retained Earnings- Earnings and Earnings Distribution (source of retained earnings, dividends, appraisal capital,
reserve, retained earnings appropriations, dated retained earnings, financial statements prepared for the
corporation).
Special Measurements Based upon Stockholders’ Equity (book value per share, earning per share, presentation on
the income statement).
Statement of Changes in Financial Position (increase in funds-flow reporting, funds defined, the broadened
interpretation of funds, nature of the funds statement, use of the funds statement, funds statements applying
different funds concepts, analysis of accounts changes in preparation of funds statement, preparation of the funds
statement-fund defined as working capital, preparation of the funds statement-fund defined as cash, special
observation).
Financial Statements Reporting General Price-Level Changes (backgrounds of the problems, suggested solutions,
price level indexes, and effects of general price-level changes on monetary).
Recommended Books:
1. Intermediate Accounting Comprehensive Volume 5: By Harry Simons and Jay M. Smith.
Additional Books:
1. Financial Accounting By Horngren and Harrison
2. Accounting By Meigs and Meigs
M.Com (Part-I)
MCM-507 MANAGEMENT INFORMATION SYSTEM Marks (100)
A). THEORY Marks (50)
PART-I
Computer Systems (Data & Information, Input devices, Output Devices, Processing Devices, Storage devices,
Software’s), Networks and Communication (Types of networks, Application of networks, Networks structures,
Network protocols, network and communication devices, communication directions, communication channels).
PART-II
Database Management Systems (Concepts of database, Types of database, Advantages and disadvantages, DBMS
concepts and its function), Management Information System( Understanding system from business viewpoint,
information system needs, elements of a work system, IS categories related to specific functional areas of
business, IS categories related to any functional areas of business, information system and ethics,
Building and maintaining Information System (Phases of Information System development, Alternative approaches
for IS, threats of accidents and malfunctions, threats of computer crime, Factors that increases risks, Methods of
minimizing risks)
B). Practical Marks (50)
Microsoft Windows (Introduction, Desktop and its elements, Control panel, working with file and folders)
Microsoft Excel (Introduction, Managing Work book and worksheets, Use of Different Functions and formulas, use
of different data analysis tools, Absolute and relative addressing, Conditional formatting, data types, working with
charts)
Microsoft Access (Environment of MS Access, Objects of Access, Working with tables, working with forms, working
with query and its types, working with report)
Microsoft PowerPoint (Introduction, environment of power point, working with slides, Applying Transition and
animation schemes, Layouts and backgrounds)
Internet (Introduction, creating E-mail account, sending and receiving mails, managing E-Mail account, Surfing the
web, searching the web)
Recommended Books:
1. Information System by Steven Alter (Forth or latest Edition)
2. Management Information Systems By Raymond McLeod, George Schell
3. MS Office 2000 By Gini Courter, Annette Marquis
4. Information Systems Management in practice By Barbara C. McNurlin, Ralph H. Sprague
5. Introduction to Computer by Peter Norton
SCHEME OF PAPER & PAPER MARKS
M.COM PART-II
Compulsory Courses
Paper No. Subject
Code
Subject Name Total marks
01 MCM-601 Operations & Productions Management 100 Marks
02 MCM-602 Industrial & Management Accounting 100 Marks
03 MCM-603 Organizational Behavior &Human Resource
Management
100 Marks
04 MCM-604 Introduction to E-Commerce 100 Marks
05 MCM-605 Business Research Methods 100 Marks
*Specialization in Finance:
Paper No. Subject Code Subject Name Total marks
06 MCM-606 Investment Analysis & Portfolio Management 100 Marks
07 MCM-607 International Finance 100 Marks
08 MCM-608 Commercial Bank Management 100 Marks
09 MCM-609 Corporate Finance 100 Marks
*Specialization in Accounting:
Paper No. Subject Code Subject Name Total
marks
10 MCM-610 Advance Auditing 100 Marks
11 MCM-611 Advance Accounting 100 Marks
12 MCM-612 Financial Statement Analysis 100 Marks
13 MCM-613 Accounting Information System 100 Marks
* Take any Two Courses from one area of Specialization.
M.Com (Part-II)
MCM-601 OPERATION AND PRODUCTION MANAGEMENT Marks (100)
Introduction to OPM, Importance of operation management, General Functions of OPM, design of and effective
operational system including a thorough understanding of various operational strategies and their implicative
impact on the over all production and operation of a company.
Operations management and corporate profitability. Manufacturing and Service Organization, Characteristics of a
manufacturing system. Difference between manufacturing and service operations. Various forecasting techniques
including simulations and aggregate product planning for attaining TQM, Japanese style of manufacturing utilizing
techniques and trends for attaining quality assurance with the use of techniques such as "kanban".
Long Range Planning-Product and Resource Planning, Factory Location, Layout Process Design, Medium Range
Planning-Forecasting Aggregate. Production and Resource Capacity Planning. Master Scheduling and Capacity
Planning, Work Design and Measurement; Standardization, Simplification, Short Range Planning-Independent
Demand Inventory, Material requirement, Capacity requirement; Execution and Control, Industrial Development in
Pakistan. Implementation of an effective operational strategy with a perspective emphasizing on the operational
system of the future in the global market.
BOOKS RECOMMENDED (Latest Editions)
1. James D.Dilworth: Production and Operations Management, McGraw Hill.
2. Elwood S. Buffa and Rakesh K. Sarin: Modern Production/Operations Management, John Wiley
3. Fogarty, w.o. & Hoffman. T.R. Production and Operations
4. Management.
5. Buffa. Elwood S and Sarin Rakesh K, Production Management.
6. Dilworth, J.B. Production and Operation Management
7. Owen Richard N., Management of Industrial Enterprises.
8. Roger G. Schroeder, Operation Management
9. Barry Kender & Jay Heizer, Principles of Operation Management
10. Everett E. Adam, Jr. & Ronald J. Ebart, Production and Operations Management
11. Norman Gaither, Production & Operations Management.
M.Com (Part-II)
MCM-602 INDUSTRIAL & MANAGEMENT ACCOUNTING Marks (100)
Managerial Accounting and the Business Environment (Comparison of Financial and Managerial Accounting,
Organizational Structure)
Cost terms, concepts & classification(General cost classifications, Product Costs versus Period costs, cost
classification and financial statements, product cost flows, cost classifications for predicting cost behavior, cost
classification for assigning costs to cost objects, cost classification for decision making).
System Design – Job Order Costing(Process and job order costing, job order costing- an overview, job order
costing- flow of costs, applying manufacturing overhead, problems of overhead application, job order costing in
service companies).
System Design -- Process Costing (FIFO and Average Method, comparison of job order and process costing, costs
flows in process costing, equivalent units of production, compute and apply costs, operation costing, treatment of
losses and gain in process costing).
Cost Behavior, Analysis & their use (Types of cost behavior patterns, the analysis of mixed cost, and the
contribution format income statement).
Cost Volume, Profit Relationships (the basics of cost-volume-profit (CVP) analysis, Break-Even analysis, CVP
consideration in choosing a cost structure, structuring sales commissions, sales Mix and assumptions of CVP
analysis).
Variable and Absorption costing(Overview of Absorption and variable costing, Income Comparison of Absorption
and Variable Costing, Extended Comparison of income data, Effects of changes in Production on Net Operating
Income, Choosing a costing method).
Activity-Based Costing as a tool in Decision Making.(How costs are treated under activity based costing, Designing
an activity based costing system, The mechanics of activity based costing, Comparison of Traditional and ABC
product costs, Activity based costing and External Reports, The limitations of Activity based costing).
Standard Costing as a tool for measuring Performance.(Standard costs-Management Exception, Setting standard
costs, A General model for variance analysis, using standard costs variances, Evaluation of controls based on
standard costs).
Profit Planning (The basic Framework of Budgeting, preparing the Master budget)
Flexible Budgets and Overhead Analysis (Flexible Budgets, Variable Overhead Variances, Overhead Rates and Fixed
Overhead Analysis)
Segment Reporting and Decentralization (Decentralization in Organization, Responsibility Accounting,
Decentralization and Segment Reporting, Evaluating investment center performance-return of investment, Residual
income, Transfer pricing).
Relevant Costs for Decision Making(Adding and dropping product lines and other segments, The make or buy
decisions, Opportunity costs, special orders, Utilization of a constrained Resource, Joint Product costs and the
contribution approach, activity based costing and relevant costs).
Pricing Products and Services (The Economists Approach to Pricing, The Absorption Costing Approach to Cost-Plus
pricing, Target Costing)
RECOMMENDED BOOKS: 1. Managerial Accounting, by Ray. H. Garrison and Eric W. Noreen
ADDITIONAL READINGS: 1. Cost & Managerial Accounting, by Charles T. Horngren 2. Management and Cost Accounting By Colin Drury 3. Cost Accounting, by Matz. A. Usry. M. F. South Western Publishing Co. 4. Cost Management: A Strategic Emphasis, By Edward Blocher, David Stout, Gary Cokins
M.Com (Part-II)
MCM-603 ORGINIZATIONAL BEHAVIOR & HUMAN RECOURSE MANAGEMENT
Marks (100)
A). ORGINIZATIONAL BEHAVIOR Marks (50)
Introduction: What Is Organizational Behavior?
The Individual: Foundations of Individual Behavior, Attitudes and Job Satisfaction, Personality and Values,
Perception and Individual Decision Making, Motivation Concepts, Motivation: From Concepts to Applications.
The Group: Foundations of Group Behavior, Understanding Work Teams, Communication, Power and Politic
Conflict and Negotiation.
The Organization System: Organizational Culture.
Organizational Dynamics: Organizational Change and Stress Management.
B). HUMAN RESOURCE MANAGEMENT Marks (50)
The Personal Function: Terminology, Who does Personnel Work? Staff Role of the Personnel Department,
Personnel (Human Resource) Function.
Job Design and Analysis: Job Design, Job Information and Personnel Management, Analyzing Jobs-
Obtaining Job Information, Functional Job Analysis, Administration of the Job Analysis Program.
Human Recourse Planning: Reasons for Human Recourse Planning, The Planning Process.
Recruitment and Selection /Testing And Interview: Labor Market Considerations, Recruitment and
Selection Policy Issues, The Employment Process, Sources of People, The Selection Process, The Selection
Procedure, Testing / Interview.
Training and Development: Orienting and developing employees, Managing careers.
Maintaining High Performance: Establishing performance management system, Establishing rewards and
pay plans, Employee benefits.
Labor Management Environment: Labor relations and collective bargaining.
Recommended Books:
1. Human Resource Management by DeCenzo
2. Human Recourse Management by Robbins
3. Organizational Behavior by Stephen P. Robbins
M.Com (Part-II)
MCM-604 INTRODUCTION OF ELECTRONIC COMMERCE Marks (100)
Electronic Commerce (E-Commerce overview, History, Traditional Commerce and Electronic Commerce,
International Electronic Commerce, Economic Forces and Electronic Commerce, Electronic Commerce advantages
and disadvantages)
Internet and WWW (Internet and World Wide Web overview, Origins of the internet and WWW, Uses and Growth of
internet, Advantages and Disadvantages of internet, Internet Protocols, Internet connection options, different types
of Networks)
Selling on the Web (Web Selling Revenue Models, Revenue models in transition, Revenue Strategy Issues, Channel
Conflict and Cannibalization, Creating an Effective Web Presence, Identifying and achieving Web Presence Goals,
Website Usability)
Marketing on the web (Overview of Web Marketing Strategies, Market Segmentation E-Mail Marketing, Advertising
on the web, Effectiveness online Advertising, Creating and Maintaining Brands on the web. Elements of Branding,
Branding types, Brand Leveraging Strategies)
Online Auctions and Web portals (Auction overview, Its Origin, Types of Auctions, web portals and early web
communities)
E-Commerce Application regarding business management (E-CRM overview, CRM and E-Commerce, CRM
Strategies, SCM overview, Element of SCM, SCM strategies / Models)
Environmental Issues of E-Commerce (Legal Issues, Cyber Crimes and related issues, Ethical Issues, Web Privacy
and obligation. Taxation Issues)
Technological Issues of E-Commerce (Web Servers overview, Importance and use of web servers, Hardware
requirements of web servers, Client/ Server Architectures, Different type of server computers, Server Computer
Performance and Evaluation. Software requirements for server computers, Other requirements for implementing E-
Businesses)
E-Commerce Software’s (Basic Function of E-Commerce Software’s, Web Browser Functions and features, E-
Commerce Software’s for small, Medium and large Businesses, Websites and internet utility programs)
E-Payment systems (E-Payments overview, Different modes of E-Payments, Advantages and Disadvantages,
Internet technology and banking industry)
E-Commerce Security (Overview of Security Risk, Different Security issues for clients and servers, Communication
Channel security issues, Security Policies/ Measures to reduce security risks)
Website structure and HTML (Websites Overview, Type and functions of Websites, Website Classifications, Domain
name and related issues, HTML overview, Tags of HTML, HTML Program Structure, Commonly used HTML
Commands, Linking Document and frames, concepts of Scripting and style sheet)
Advance Topics of E-Commerce (ERP overview, Business integration with ERP systems, ERP as a complete tool for
businesses, Issues regarding the implementation of ERP systems, Mobile Commerce, M-Commerce impacts on
businesses)
Recommended Books:
1. Electronic Commerce by Gray P.Schneider (Seventh or latest Edition)
2. Electronic Commerce: A Manager’s guide by Ravi Kalakota, Andrew B Whinston
3. E-Business Essentials by Mark Norris, Steve west, Levin Gaughan
4. E-Business by Daniel Amore
M.Com (Part-II)
MCM-605 BUSINESS RESEARCH METHOD Marks (100)
Research in Business: (Why Study Business Research, Planning Drives Business Research, Emerging Hierarchy of
Information Based, How the Research Industry Works, What is Good Research)
Thinking like a Researcher: (Research and the Scientific Method, Sound Reasoning for Useful Answers, The
Language of research)
The Research Process: An Overview: (The research Process, The management Research Question, Pilot Testing)
Business Research Requests and Proposals: (Proposing Research, The request for proposal, The Research Proposal,
Types of Research Proposals, Structuring the Research Proposal)
Research Design: An Overview: (What is Research Design, Classification of Designs, Exploratory Studies,
Descriptive Studies, and Causal Studies?)
Secondary Data Searches: (The Exploratory Phase Search Strategy, Levels of Information, Types of Information
Sources, Searching a Bibliographic, Searching the World Wide Web for Information, Mining Internal Sources)
Qualitative Research: (What is Qualitative Research, The process of Qualitative Research, Qualitative Research
Methodologies?)
Observation Studies: (The Uses of Observation, Data Collection)
Surveys: (Characteristics of the Communication, Self-Administered Surveys, Evaluation of the Self-Administered
Survey, Survey via Telephone Interview, Survey via Personal Interview, Selecting an Optimal Survey Method)
Experiments and Test Markets: (What is Experimentation, An Evaluation of Experiments, Conducting an
Experiment, Validity in Experimentation, Experimental Research Designs, and Test Marketing?)
Measurement: (The Nature of Measurement, Measurement Scales, the Characteristics of Good Measurement)
Measurement Scales: (The Nature of Attitudes, The Relationship Between Attitudes and Behavior, Selection a
Measurement Scale, Rating Scales, Ranking Scales, Sorting, Cumulative Scales)
Questionnaires and Instruments: Revisiting the Research Question Hierarchy, Constructing and Refining the
Measurement, Drafting and Refining the Instrument)
Sampling: (The Nature of Sampling, Steps in Sampling Design, Probability Sampling, Non-Probability Sampling)
Data Preparation and Description: (Introduction, Editing, Coding, Data Entry)
Exploring, Displaying, and Examining Data: (Exploratory Data Analysis, Frequency Tables, Bar Charts, and Pie
Charts, Histograms, Stem and Leaf Displays, Pareto Diagrams, Box-Plots, Mapping, Cross Tabulation)
Hypothesis Testing: (Statistical Significance, The Logic of Hypotheses Testing, Selecting Tests Using the Choice
Criteria, One Sample Tests, Two Related Samples Tests, k-Independent Samples Tests, k-Related Samples Tests)
Measures of Association: (Bi-Variate Correlation Analysis, Computation and Testing of r, Interpretation of
Correlations, Simple Linear Regression, Method of Least Squares, Predictions, Testing the Goodness of Fit)
Presenting Insights and Findings: Written and Oral Reports: (The Written research Report, Research Report
Components, Writing the Report, Presentation of Statistics, Oral Presentations)
Recommended Books:
1. Business Research Methods by Donald Cooper
2. Business Research Methods by Uma Sekaran
Specialization in Finance:
Paper No. Subject Code Subject Name Total marks
06 MCM-606 Investment Analysis & Portfolio Management 100 Marks
07 MCM-607 International Finance 100 Marks
08 MCM-608 Commercial Bank Management 100 Marks
09 MCM-609 Corporate Finance 100 Marks
M.Com (Part-II)
FIELD OF SPECIALIZATION: FINANCE
MCM-606 INVESTMENTS ANALYSIS AND PORTFOLIO MANAGEMENT
Marks (100)
Understanding Investments: (An Overall Perspective on Investing, Establishing a Framework for Investing, The
Importance of Studying Investments, Understanding the Investment Decision Process, Important Considerations in
the Investment Decision)
Investment Alternatives: (Organizing Financial Assets, Nonmarketable Financial Assets, Money Market Securities,
Fixed-Income Securities, Equity Securities, Derivative Securities)
Indirect investing: (What is an Investment Company, types of Investment Companies, Types of Mutual Funds, The
Mechanics of investing Indirectly, Investment Company Performance, Investing Internationally Through Investment
Companies, The Future of Indirect Investing, and Hedge Funds?)
Securities Markets: The Importance of Financial Markets, The Primary Markets, The Secondary Markets, Stock
Market Indexes, Bond Markets, Derivatives Markets, The Changing Securities Markets)
How Securities Are Traded: Brokerage Transactions, How Orders Work, Investor Protection in the Securities
Markets, Margin)
Returns and Risks from Investing: (Return, Risk, Measuring Returns, Taking a Global Perspective, Summary
Statistics for Returns, Measuring Risk, Realized Returns and Risks from Investing)
Portfolio Theory: (Dealing with Uncertainty, Introduction to Modern Portfolio Theory, Portfolio Return and Risk,
Analyzing Portfolio Risk, The Components of Portfolio Risk, Calculating Portfolio Risk, Obtaining the Data)
Portfolio Selection: (Building a portfolio Using Markowitz Principles, Alternative Methods of Obtaining the Efficient
Frontier, Selecting Optimal Asset Classes- The Asset Allocation Decision, The Impact of Diversification on Risk, The
Implications of Reducing Risk by Holding Portfolios)
Asset Pricing Models: (Capital Market Theory, The Equilibrium Return-Risk Trade-off, The Security Market Line,
Estimating the SML, Tests of the CAPM, Arbitrage Pricing Theory, Understanding the APT Model, Some Conclusions
about Asset Pricing)
Common Stock Valuation: (Discounted Cash Flow Techniques, Relative Valuation Techniques, Which Approach to
Use, Bursting the Bubble on New Economy Stocks-A Lesson in Valuation, Some Final Thoughts on Valuation)
Common Stocks: analysis and Strategy: (Taking a Global Perspective, Analyzing Some Important issues Involving
Common Stocks, Building Stock Portfolios, The Passive Strategy, The Active Strategy, A Simple Strategy The
coffeehouse Portfolio)
Market Efficiency: (The Concept of an Efficient Market, How to Test for Market Efficiency, Behavioral Finance and
Market Anomalies, Earnings Announcements, Some Conclusions about Market Efficiency)
Economy/Market Analysis: (Taking a Global Perspective, assessing the Economy, Understanding the Stock Market,
Making Market Forecasts)
Sector/Industry Analysis: (What is an Industry, The Importance of Sector / Industry Analysis, Analyzing Sectors /
Industries, Using Sector / Industry Analysis as an Investor)
Company Analysis: (Fundamental Analysis, The Accounting Aspects of Earnings, Analyzing a Company’s
Profitability, Earnings Estimates, The P/E Ratio, Fundamental Security Analysis in Practice)
Technical Analysis: (What is Technical Analysis, Stock Price and Volume Techniques, Technical Indicators, Testing
Technical Analysis Strategies, The EBB and Flow of Technical Analysis, Some Conclusions about Technical
Analysis?)
Bond Yields and Prices: (Bond Yields, Bond Prices, Bond Price Changes)
Bonds: Analysis and Strategy: (Why Buy Bonds, Important Considerations in Managing a Bond Portfolio, Building a
Fixed-Income Portfolio)
Options: (Why Have Derivative Securities, Introduction to Options, Understanding Options, Payoffs and Profits from
Basic Option Positions, Some Basic Options Strategies, Option Valuation, An Investor’s Perspective on Puts and
Calls, Stock-Index Options)
Futures: (Understanding Futures Markets, The Structure of Futures Markets, The Mechanics of Trading, Using
Futures Contracts, Financial Futures)
Portfolio Management: (Portfolio Management as a Process, Formulate an Appropriate Investment Policy,
Determine Quantity Capital Market Expectations, Developing and Implementing Investing Strategies, Monitor
Market Conditions and Investor Circumstances, Rebalancing the Portfolio, Performance Measurement)
Evaluation of Investment Performance: (A Framework for Evaluating and Assessing Portfolio Performance,
Performance Measurement Issues, Risk Adjusted Measures of Performance, Style Analysis and Performance
Attribution, Money Managers and Performance Presentations, An Overview on Performance Evaluation)
Recommended Books:
1. Investments by Charles P. Jones (Tenth Edition)
Additional Readings:
1. Fundamentals of Investments Valuation & management by Charles J. Corrado, Bradford D. Jordan
(Second Edition)
2. Investment Analysis and Portfolio Management by Frank K. Reilly, Keith C. Brown (Sixth Edition)
3. Fundamentals of Investments by Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey (Third
Edition)
M.Com (Part-II)
FIELD OF SPECIALIZATION: FINANCE
MCM-607 INTERNATIONAL FINANCE Marks (100)
INTERNATIONAL FINANCIAL MARKETS AND ENVIRONEMENT: (The World of international finance, Unique
dimensions of international finance, The benefits of studying international finance, The growing importance of
international finance, Topics covered in this book)
THE MARKETS FOR FOREIGN EXCHANGE RATES: (The foreign banknote market, The spot foreign exchange
market, Direct versus indirect exchange and cross exchange rates)
FORWARD EXCHANGE: (What is forward foreign exchange, Forward exchange premiums and discounts, Forward
rates versus expected future spot rates, Payoff profiles on forward exchange, Out right forward exchange and
swaps, The flexibility of forward exchange, Forward quotations)
CURRENCY FUTURES AND OPTIONS MARKETS: (Currency futures, Currency options, Forwards, Futures, and
options compared: a summary)
THE PURCHASING-POWER PARITY PRINCIPLE: (The law of one price, Absolute (or static) form of the PPP condition,
The relative (or dynamic) form of PPP, Efficient markets (or speculative) form of PPP, The empirical evidence on
PPP, Reasons for departures from PPP, Statistical problems of evaluating PPP, The practical importance of PPP)
INTEREST PARITY: (The investment and borrowing criteria, The covered interest parity condition, Combining PPP
and interest parity, Why covered interest differences persist)
THE BALANCE OF PAYMENTS: (Influences on currency supply and demand, Principles of balance of payments
accounting, Balance of payments entries and the factors that influence them, Implications of the balance of
payments accounting identity, The net international investment position, Objectives of economic policy)
SUPPLY-AND-DEMANT VIEW OF EXCHANGE RATES: (Imports, exports, and exchange rates, The factors affecting
exchange rates, The stability of exchange rates, Short-run versus long-run trade elasticity and the J curve)
ASSET-BASED THEORIES OF EXCHANGE RATES: (Stock versus flow theories of exchange rates, The monetary
theory of exchange rates, The asset approach to exchange rates, The portfolio-balance approach to exchange
rates, Theories of exchange rate volatility)
ALTERNATIVE SYSTEMS OF EXCHANGE RATES: (The classical gold standard system, The bretton woods and dollar
standards, The European monetary system (EMS), Hybrid systems of exchange rates, Target zones)
THE INTERNATIONAL FINANCIAL SYSTEM: PAST, PRESENT, AND FURTURE: (The past, The present, The future,
Degree of exchange-rate flexibility: fixed versus flexible exchange rates)
MACROECONOMIC DIMENSIONS OF INTERNATIONAL FINANCE: (Policy effectiveness, Policy conflicts)
MANAGING FOREIGN EXCHANGE EXPOSURE AND RISK: (The importance of understanding risk and exposure and
measuring them, The nature of exchange-rate risk and exposure, Examples of foreign exchange exposure,
Examples of foreign exchange exposure, Exposure as a regression slop, Definition of foreign exchange risk,
Exposure, risk, and the parity relationships)
OPERATING EXPOSURE: (Operations affected by exchange rates, The exporter, The importer, Summary of effects
of exchange rates on exporters and importers, Effect of currency of invoicing and forward hedging, Measuring
exposure: an alternative approach)
HEDGING RISK AND EXPOSURE: (Whether to hedge: managerial hedging versus shareholder hedging, Hedging of
receivables and payables, The cost of forward hedging, The benefit of forward hedging, Financial engineering:
payoff profiles of different hedging techniques, Having a company hedging policy)
EXCHANGE RATE FORECASTING AND SPECULATION: (Speculation, Market efficiency, Exchange-rate forecasting)
CASH MANAGEMENT: (The objectives of cash management, Investment and borrowing choices with transaction
costs, International dimensions of cash management)
PORTFOLIO INVESTMENT: (The benefits of international portfolio investment, International capital asset pricing,
Bonds and international portfolio diversification, Settlements of international portfolio investments)
INTERNATIONAL DIMENSIONS OF CAPITAL BUDGETING: (Selecting projects, Difficulties in evaluating foreign
projects, Cash flows: home versus foreign perspectives, Discount rates: corporate versus shareholder perspectives,
The adjusted present value technique, Selecting the appropriate discount rates, An example, Actual practice of
capital budgeting)
THE GROWTH OF AND CONCERNS ABOUT MULTINATIONALS: (The growth of multinational corporations, Special
issues facing multinational corporations: transfer pricing, Special issues facing multinational corporations: Country
risk, Problems and benefits from the growth of multinational corporations transnational alliances)
INTERNATIONAL DIMENSIONS OF LONG-TERM FINANCING: (Equity financing, Bond financing, Bank financing,
direct loans, and the like, Government and development-bank lending, Other factors affecting the financing of
subsidiaries, Financial structure)
Recommended Books:
1. International Finance by Maurice D. levi
2. International Finance by Imad A Moosa
3. International Finance by Jeff Madura
M.Com (Part-II)
FIELD OF SPECIALIZATION: FINANCE
MCM-608 COMMERCIAL BANK MANAGEMENT: Marks (100)
An Over view of Banks and Their Services :( The Services Banks Offer the Public, Trends Affecting All Banks, The
Plan of This Book)
The Organization and Structure of Banks and Their Industry :( Organization Chart for a Typical Bank, The Array of
Organizational Structures in Banking, Two Alternative Types of Banking Organization, Banking Efficiency, Foreign
Bank penetration of Domestic Markets, Conclusions Concerning the Impact of Organization Type and size on Bank
Performance)
The Financial Statements of a Banks: (The Bank’s Balance Sheet (Report of Condition), Components of the Income
Statement (Report of Income), Other Useful Bank Financial Statements)
Measuring and Evaluating Bank: (Evaluating a Bank’s Performance, The Impact of Bank Size on Performance, Using
Financial Ratios and Other Analytical Tools to Track Bank performance the UBPR)
Asset-Liability Management: Determining and Measuring Interest Rates and Controlling a Bank’s Interest-Sensitive
Gap, (Asset-Liability management Strategies, Interest Rate Risk: One of the Banker’s Greatest ALM Challenges,
One of the Goals of Interest Rate Hedging)
Asset-Liability management: The Concept of Duration and Managing a Bank’s Duration Gap: (The Concept of
Duration, Using Duration to Hedge Against Interest Rate Risk, The Limitations of Duration Gap Management)
The Investment Function in Banking: (Investment Instruments Available to Banks, Money Market Instruments,
Capital Market Instruments, Other Investment Instruments Developed More Recently, Investment Securities
Actually Held by Banks, Factors Affecting the Banker’s Choice Among Investment Securities, Investment Maturity
Strategies, Maturity management Tools)
Liquidity and Reserve Management Strategies and Policies: (The Demand for and Supply of Bank Liquidity, Why
Banks Face Significant Liquidity Problems, Strategies for Liquidity Managers, Estimating a Bank’s Liquidity Needs
Factors in Choosing Among the Different Sources of Reserves)
Managing Pricing Deposit Services: (Types of Deposits offered by Banks, Interest Rates offered on Different Types
of Deposits, Composition of Bank Deposits, Pricing Deposit-Related Services, Pricing Deposits at Cost Plus Profit
Margin, Using Marginal Cost to Set Interest Rates on Deposits, market-Penetration Deposit Pricing, Establishing
Price Schedules to Segment, Using Upscale Target Pricing, Pricing Deposits Based on the Total Customer
Relationship, Using Deposit Pricing to Achieve Bank Goals, Basic (Lifeline) Banking)
Bank Trust Services, Nondeposit Investment Products, and the Selling of Information Services: (Trust Services,
Nondeposit Investment Products, Bank Sales of Insurance-Related Products, Nondeposit Services and Information
Flows within the Banking or Financial Firm)
Managing Nondeposit Liabilities and Other Sources of bank Funds: (Liability management, Alternative Nondeposit
Sources of bank Funds, Choosing among Alternative Nondeposit Sources)
Management of a Bank’s Equity Capital Position: (The Many Tasks Performed by Bank Capital, bank Capital and
Risk, Types of bank Capital, Measuring the Size of bank Capital, How Much Capital Does a Bank Need, Current
pressure to Raise More Capital, Planning to Meet a Bank’s Capital Needs)
Bank Lending: Policies and Procedures: (Types of Loans made by Banks, Regulation of Lending, Steps in the
Lending Process, Credit Analysis: What makes a Good Loan, Sources of Information About Loan Customers, Parts
of a Typical Loan Agreement, Loan Review, Handing Problem Loan Situations)
Lending to Business Firms: (Types of Business Loans, short-Term Loans to business Firms, Long-Term loans to
Business Firms, Analyzing Business Loan Applications, Financial Ratio Analysis of a Customer’s, Preparing Sources
and Uses of Funds Statements from Business Financial Statements)
Pricing Business Loans: (The Cost-Plus Loan Pricing Method, The Price Leadership Model)
Creating and Managing Bank Service Outlets: Establishing New Banks, Branches, and Electronic and Automated
Online Banking Facilities: (Chartering a New Bank, The bank Chartering Process, Questions Regulators Usually Ask
the Organizers of a New Bank, Factors Weighting on the Decision to Seek a New Bank Charter, Volume and
Characteristics of New Charter, How Well Do New Banks Perform, Establishing Full-Service Branch offices: Choosing
Locations and Designing new Branches, Establishing and Monitoring Limited-Service Facilities)
Bank Mergers and Acquisitions: Managing the Acquisition Process: (Mergers on the Rise, The Motives behind the
Rapid Growth of bank Mergers, Selecting a Suitable Merger partner, The Merger and Acquisition Route to Growth,
Methods of Consummating merger Transaction, Regulatory Rules for bank mergers in the United States, new
Merger Rules in Europe, Making a Success of a Merger, Research Studies of Bank Mergers)
Recommended Books:
1. Commercial Bank Management by Peter S. Rose
2. Commercial Bank Management by Benton E. Gup, Donald R. Fraser, James W. Kolari
3. Commercial Bank Management by John A. Haslem
M.Com (Part-II)
FIELD OF SPECIALIZATION: FINANCE
MCM-609 CORPORATE FINANCE: Marks (100)
THE CORPORATION AND THE FINANCIAL MANAGER: (Investment and Financing Decisions, What is a Corporation,
Who is the Financial manager, Goals of the Corporation, Careers in Finance, Topics Covered in this Book)
WHY CORPORATIONS NEED FINANCIAL MARKETS AND INSTITUTIONS: (Why Finance matters, The flow of savings
to Corporations, Functions of Financial Markets and Intermediaries, Value Maximization and the Cost of Capital)
ACCOUNTING AND FINANCE: (The Balance Sheet, The Income Statement, The Statement of Cash Flows,
Accounting Practice and Malpractice, Taxes, Information and the Time Value of Money, Effective Annual Interest
Rates)
VALUING BONDS: Bond Characteristics, Interest Rates and Bond Prices, Current Yield and Yield to maturity, bond
Rates of Return, The Yield Curve, Corporate Bonds and the Risk of Default)
VALUING STOCKS: (Stocks and the Stock Market, Book Values, Liquidation Values, and market Values, Valuing
Common Stocks, Simplifying the Dividend Discount Model, Growth Stocks and Income Stocks, There Are no Free
Lunches on Wall Street, market Anomalies and behavioral Finance)
NET PRESENT VALUE AND OTHER INVESTMENT CRITERIA: (Net Present Value, Other Investment Criteria, More
Examples of Mutually Exclusive Projects, Capital Rationing, A Last Look)
USING DISCOUNTED CASH FLOW ANALYSIS TO MAKE INVESTMENT DECISIONS: (Identifying Cash Flows,
Calculating Cash Flow, An Example: Blooper Industries)
PROJECT ANALYSIS: (How Firms Organize the Investment Process, Some What if Questions, Break Even Analysis,
Real Options and the Value of Flexibility)
INTRODUCTION TO RISK, RETURN, AND THE OPPORTUNITY COST OF CAPITAL: (Rates of Return: A Review, A
Century of Capital market History, Measuring Risk, Risk and Diversification, Thinking about Risk)
RISK, RETURN, AND CAPITAL BUDGETING: (Measuring Market Risk, Risk and Return, Capital Budgeting and Project
Risk)
WEIGHTED-AVERAGE COST OF CAPITAL AND COMPANY VALUATION: (Geothermal Cost of Capital, The Weighted-
Average Cost of Capital, Measuring Capital Structure, Calculating Required Rates of Return, Calculating the
weighted-Average Cost of Capital, Valuing Entire Businesses)
INTRODUCTION TO CORPORATE FINANCING AND GOVERNANCE: (Creating Value with Financing Decisions,
Common Stock Preferred Stock, Corporate Debt, Convertible Securities, Patterns of Corporate Financing)
VENTURE CAPITAL, IPOs, AND SEASONED OFFERINGS: (Venture Capital, The initial Public Offering, The
Underwriters, General Cash Offers by Public Companies, The Private Placement)
DEBT POLICY: (How Borrowing Affects Value in a tax-Free Economy, Capital Structure and Corporate Taxes, Costs
of Financial Distress, Explaining Financing Choices, Bankruptcy Procedure)
PAYOUT POLICY: (How Companies Pay Out Cash to Shareholders, The Dividend Payment, Stock Repurchases, How
do Companies Decide on the Payout, Why Payout Policy Should Not Matter, Why Dividends May Increase Firm
Value, Why Dividends May Reduce Firm Value)
FINANCIAL STATEMENT ANALYSIS: (Financial Ratios, Du Pont System, Using Financial Ratios, Measuring Company
Performance, Role of Financial Ratios)
LONG-TERM FINANCIAL PLANNING: (What is Financial Planning? Financial Planning Models, Planner Beware,
External Financing and Growth)
SHORT-TERM FINANCIAL PLANNING: (Links between Long-Term and Short-Term Financing, Working Capital,
Tracing Changes in Cash and Working Capital, Cash Budgeting, A Short-Term Financing Plan, Sources of Short-
Term Financing, The Cost of Bank loans)
WORKING CAPITAL MANAGEMENT: (Accounts Receivable and Credit Policy, Inventory management, Cash
Management, Investing Idle Cash: The Money Market)
MERGERS, ACQUISITIONS, AND CORPORATE CONTROL: (The Market for Corporate Control, Sensible Motives for
Mergers, Dubious Reasons for Mergers, Evaluating Mergers, Merger Tactics, Leveraged Buyouts, The Benefits and
Costs of Mergers)
INTERNATIONAL FINANCIAL MANAGEMENT: (Foreign Exchange Markets, Some Basic Relationships, Hedging
Exchange Rate Risk, International Capital Budgeting)
OPTIONS: (Calls and Puts, What Determines option Values, Spotting the option)
RISK MANAGEMENT: (Why Hedge, Reducing Risk with Options, Futures Contracts, Forward Contracts, Swaps,
Innovation in Derivatives Market, Is Derivative a Four Letter Word)
WHAT WE DO AND DO NOT KNOW ABOUT FINANCE: (What We Do Know: The Six Most Important Ideas in Finance,
What We Do Not Know: Seven Unsolved Problems in Finance, A Final Word)
Recommended Books:
1. Fundamentals of Corporate Finance by Brealey / Myers / Marcus
2. Fundamentals of Corporate finance by Brigham
Specialization in Accounting:
Paper No. Subject Code Subject Name Total
marks
10 MCM-610 Advance Auditing 100 Marks
11 MCM-611 Advance Accounting 100 Marks
12 MCM-612 Financial Statement Analysis 100 Marks
13 MCM-613 Accounting Information System 100 Marks
M.Com (Part-II)
FIELD OF SPECIALIZATION: ACCOUNTING
MCM-610 ADVANCE AUDITING Marks (100) Governing an audit of financial statements (introduction, objectives, general principles, scope, reasonable
assurance, responsibility for financial statements, public sector perspective, basic audit flow diagram, overview of
audit diagram)
Legal and professional considerations (appointment, remuneration, resignation, removal, powers, duties, liabilities,
qualifications and Dis-qualifications of an auditor under companies ordinance 1984 and technical releases issued by
professional institute of Pakistan)
Terms of audit engagement (audit engagement letter, principles contents, acceptance of change in engagement,
example of engagement letter)
Quality control for audit work (audit firm, objectives of quality control policies adopted by an audit firm, individual
audits, comments on quality control statements, audit performance report, evaluation of performance, discussion
with staff members)
Documentation (form and content of working papers, confidentiality safe custody, retention of ownership of
working papers)
Fraud and Errors (responsibility of the management, responsibility of the auditor, detection, inherent limitation of
an audit, procedure when there is an indication that fraud or error may exist, reporting of fraud and error to
management, users of the auditors’ report and financial statements, regulatory and enforcement authorities,
comments on frauds, errors, auditors responsibility for error and fraud, risk factors related to fraudulent financial
reporting, risk factors related to misappropriation of assets, factors that affect risk of material misstatement)
Planning and Knowledge of the Business (planning of work, overall audit plan, matters to be considered by the
auditor in developing the overall audit plan, knowledge of business, understanding the accounting internal control
system, risk and materiality, nature, timing and extent of procedures, coordination, direction, supervision and
review, audit program, comments on changes to overall audit plan and program, advantage of audit program,
disadvantage of audit program, overview of audit planning process)
Knowledge of business (obtaining and using the knowledge of business)
Audit Materiality (materiality, relationship between materiality and audit risk, evaluating the effect of
misstatement)
Risk assessment and internal control (inherent risk, factors affecting assessment of inherent risk at financial
statement level and account balance or class transaction level, objectives of internal controls relating to accounting
system, steps in risk assessment, understanding of accounting system, control environment, control procedures,
preliminary assessment of control risk, documentation of internal control system, and determination of detection
risk)
Audit evidence (sufficient and appropriate competent audit evidence, procedures of obtaining audit evidence,
inspection, observation, inquiry and confirmation, computation, analytical procedures, stocktaking procedures,
auditor’s duties before stocktaking, during stocktaking and after stocktaking, continuous stock records, valuation
and disclosure of large term investment, segment information, confirmation of accounts receivables, negative and
positive confirmation)
Analytical procedures (nature and purposes of analytical procedures, analytical procedures in planning the audit,
analytical procedures as substantive procedures, extent of reliance on analytical procedures, investigating unusual
items, audit evidence and analytical procedures, nature of evidence, characteristics of evidence, substantive tests)
Auditors’ report on financial statements (basic elements of the auditors’ report, auditors’ reports, modified reports,
matters that do not affect auditors opinion, matters that affect auditors opinion, limitation on scope, disagreement
with management, example of the auditors standard opinion and modified opinions)
Audit sampling and other selective testing procedures ( selecting items for testing to gather audit evidence,
selecting specific items, audit sampling, statistical sampling, non-statistical sampling, complete cycle of sampling,
design of the sample, population, stratification, value weighted selection, sample size, selection of sample, random
selection, systematic selection, haphazard selection, cluster selection, block selection, evaluating the sample
results)
Management representation (representation by management as audit evidence, documentation of representation
by management, basic elements of management representation letter, action if management refuses to provide
representation)
Related parties (existence and disclosure of related parties, transaction with related parties, examining identified
related party transactions, management representations, audit conclusion and reporting)
Using the work of an expert (determine the need to use the work of and expert, competence and objectivity of the
expert, scope of expert work, assessing the work of the expert)
Considering the work of internal auditing (accounting system and internal control, scope and objectives of the
internal auditing function, relationship between external and internal auditing, inherent limitation of internal
control, general evaluation of internal auditing work, coordination, evaluation specific internal audit work)
Going Concern (indication which can affect going concern concept, financial indications, operating indications, other
indications, auditors responsibility, planning consideration, additional audit procedures when events or conditions
are identified, evaluating management assessment, period beyond management’s assessment, audit conclusion
and reporting)
Internal Control and Internal Audit (understanding of internal controls required to plan the audit, internal control
component definitions, auditors responsibility regarding internal control, internal control components details, audit
risk, auditors consideration of internal control in an E.D.P environment, obtain and document an understanding of
internal controls, assessment of control risk, test of controls in computer environment, re-assessment of
control risk based on results of test of controls)
Computer assisted audit techniques (E.D.P audit techniques common in a batch processing environment, test dated
approach, parallel simulation, E.D.P audit techniques common in an on-line and real-time environment , integrated
test facilities, process tracing software, tagging transactions, generalized audit software, basic types of audit tasks)
Internal auditing (independence, an appraisal function, as a service to organization, other duties, scope, essential
elements on internal audit, independence, staffing, training, relationship, due care, stages of internal audit
planning, evidence, reporting, external and internal auditors composed and contrasted, common and difference,
areas of work overlap, types of internal audit, verification type auditing, evaluation type auditing, compliance type
auditing, performance of audit work, planning the audit, examining and evaluating information, communicating
results, functions of chief internal auditor, internal audit program, merits and demerits, internal audit approach,
layout and content of the report, draft report, merits and demerits, final audit report, distribution of final report)
Books Recommended Latest Edition:
1. Auditing concepts and standards by David N.Ricchiute
2. Advance Auditing by Kh. Amjad Saeed.
3. Auditing Text and Manual By Hafiz Amjad Ali, Makhdum Ali
4. Auditing by Robert Hiester Montgomery
M.Com (Part-II)
FIELD OF SPECIALIZATION: ACCOUNTING
MCM-611 ADVNACED ACCOUNTING Marks (100)
Business Combinations (Mergers, Problem arising in combination of business unit, Contributions by constituent
members to a combination, Issuance of single class and several classes of stock in business combinations, Business
combination as a pooling of interests, Business purchase, Accounting for alternative combination procedure,)
Consolidated statements-Acquisition of Subsidiary company (Corporate control through stock ownership, Nature of
consolidated statements, Acquisition of stock of going concern, Acquisition of 100 percent of subsidiary stock at
book value, Acquisition of less than 100 percent stock at book value, Acquisition of subsidiary interest at more than
book value, Acquisition of subsidiary interest at less than book value, Elimination procedure, Subsidiary acquisition
viewed as pooling of interests)
Consolidated statements-investment carried by equity method (Equity method, modification in equity method,
elimination of intercompany transactions, Correction and adjustment prior to eliminations, Proving cost or book
value excess on subsidiary investment)
Consolidated Statements-Investments carried by Cost Method(Cost Method, Alternative consolidation technique for
cost method, Dividend from pre-acquisition retained earnings, arbitrary adjustments in investment accounts,
Proving subsidiary earnings to parent company, reporting investment on parent company statements, Evaluation of
equity and cost methods)
Consolidated Statements-Special Problems in Consolidation (Purchase of stock directly from subsidiary, Subsidiary
with preferred and common stock, Stock dividend by subsidiary, intercompany profits and bond holdings)
Consolidated Statements-Changes in interest in subsidiary(Several purchases: Control achieved on first purchase,
control not achieved on first purchase, Purchase in sales of holding in subsidiary issue or re-acquisition of stock
affecting parents interest, Subsidiary company treasury stock transactions)
Consolidated Statements-Indirect and Mutual Holdings(Indirect holdings, Sub-holdings acquired prior and after
parent company control, Mutual holdings arising within financial year, Shares of parent held by affiliate regarded as
treasury stocks)
Accounting for lease (operating lease, capital lease, sale back lease)
RECOMMENDED BOOKS:
1. Advanced Accounting, by Simons & Karrembrock
ADDITIONAL READINGS:
1. Advanced Accounting, by Harried, Imdicke, Smith, John Willey & Sons.
2. Modern Advanced Accounting, by E. John Larsen,
3. Advanced Accounting by Joe Ben Hoyle
4. Advanced Financial Accounting by Richard E. Baker, Cynthia G. Jeffrey
5. Advanced Accounting, by Debra C. Jeter, Paul Chaney
M.Com (Part-II)
FIELD OF SPECIALIZATION: ACCOUNTING
MCM-612 FINANCIAL STATEMENTS ANALYSIS: Marks (100)
Introduction to Financial Reporting: (Development of Generally Accepted, Accounting Principles (GAAP), Additional
Input- American Institute of Certified Public Accountants (AICPA), Emerging Issues Task Force (EITF), A New
Reality, Traditional Assumptions of the Accounting Model, Using the Internet)
Introduction To Financial Statements And Other Financial Reporting Topics: (The Financial Statements, The
Accounting Cycle, Auditor’s Report, Summary Annual Report, The Efficient Market Hypothesis, Ethics,
Harmonization of International Accounting Standards, Consolidated Statements, Accounting for Business
Combinations)
Balance Sheet: (Basic Elements of the Balance Sheet, Statement of Stockholders’ Equity, Problem in Balance Sheet
Presentation)
Income Statement: (Basic Elements of the Income Statement, Special Income Statement Items, Earnings per
Share, Retained Earnings, Dividends and Stock Splits, Legality of Distributions to Stockholders, Comprehensive
Income)
Basic of Analysis: (Ratio Analysis, Common-Size Analysis (Vertical and Horizontal), Year to Year Change Analysis,
Financial Statement Variation by Type of Industry, Review of Descriptive Information, Comparisons, Relative Size
of Firm, Other Library Sources, The Users of Financial Statements)
Liquidity of Short-Term Assets; Related Debt-Paying Ability: (Current Assets, Current Liabilities, and the operating
Cycle, Current Assets Compared with Current Liabilities, Other Liquidity Considerations)
Long-Term Debt-Paying Ability: Income Statement Consideration when Determining Long-Term Debt-Paying
Ability, Balance Sheet Consideration when Determining Long-Term Debt-Paying Ability, Special Items that influence
a Firm’s Long-Term Debt-Paying Ability)
Profitability: (Profitability Measures, Trends in Profitability, Segment Reporting, Sales and Marketing, Gains and
Losses From Prior Period Adjustments, comprehensive Income, Pro Forma Financial Information, Interim Reports)
For the Investor: (Leverage and Its Effects on Earnings, Earnings Per Common Share, Price/Earnings Ratio,
Percentage of Earnings Retained, Dividend Payout, Dividend Yield, Book Value Per Share, Stock Options (Stock-
Based Compensation), Stock Appreciation Right)
Statement of Cash Flows: (Basic Elements of the Statement of Cash Flows, Financial Ratios and the Statement of
Cash Flows, Alternative Cash Flow, Procedures for Development of the Statement of Cash Flows)
Expanded Analysis: (Financial Ratios as Perceived by Commercial Loan Departments, Financial Ratios as Perceived
by Corporate Controllers, Financial Ratios as Perceived by Certified Public Accountants, Financial Ratios as
Perceived by Chartered Financial Analysts, Financial Ratios Used in Annual Reports, Degree of Conservatism and
Quality of Earnings, Forecasting Financial Failure, Analytical Review Procedures, Management’s Use of Analysis, Use
of LIFO Reserves, Graphing Financial Information, Management of Earnings)
Special Industries: Banks, utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies
Personal Financial Statements and Accounting for Governments and Not-For Profits Organizations: (Personal
Financial Statements, Accounting for Governments, Accounting for Not for Profit Organizations Other Than
Governments)
Recommended Books:
1. Financial Reporting & Analysis by Charles H. Gibson (Ninth Edition)
2. Financial Reporting & Analysis by Lawrence Revsine, Daniel W. Collins, W. Bruce
M.Com (Part-II)
FIELD OF SPECIALIZATION: ACCOUNTING
MCM-613 ACCOUTING INFORMATION SYSTEM: Marks (100)
Accounting Information Systems and the Accountant, What are Accounting Information Systems? What New in Accounting Information Systems? , Accounting and IT, Careers in Accounting Information Systems.
Information Technology and AISs, The Importance of Information Technology to Accountants, Input, Processing,
and Output Devices, Secondary Storage Devices, Data Communications and Networks, Computer Software.
Documenting Accounting Information Systems, Why Documentation is Important, Document and System
Flowcharts, Process Maps and Data Flow Diagrams. Other Documentation Tools, End-User Computing and Documentation
Business Processes I, Business Process Fundamentals, Collecting and Reporting Accounting Information, Two Core
Business Processes. Business Processes and Businesses without Boundaries
Business Processes II. The Resource Management Process, The Production Process. The Financing Process, Business Processes in Special Industries, Monitoring Business Processes.
Accounting and Enterprise Software, Integrated Accounting Software Programs, Enterprise-Wide Accounting
Software Solutions, Selecting Accounting and Enterprise Software.
Computer Crime, Ethics, and Privacy, Computer Crime, Abuse, and Fraud, Examples of Computer Crimes,
Mitigating Computer Crime and Fraud, Ethical Issues, Privacy, and Identity Theft.
Introduction to Internal Control Systems, Internal Control Systems: Definition and Frameworks. Preventive Detective and Corrective Controls, Control Activities within an Internal Control System, Cost-Benefit Concept for Developing Controls.
Computer Controls for Organizations and Accounting Information Systems, Level I: General Controls for
Organizations. Level II: Information Technology General Controls. Level III: Application Controls for Transaction Processing
Developing and Implementing Effective Accounting Information Systems, The System Development Life Cycle.
Systems Planning, Systems Analysis, Detailed Systems Design, Implementation, Follow-Up, and Maintenance
Information Technology Auditing, The Audit Function, The Information Technology Auditor's Toolkit, Auditing the Computerized Accounting Information System, Information Technology Auditing Today
Accounting on the Internet, The Internet and World Wide Web, XBRL--Financial Reporting on the Internet. Electronic Commerce, Privacy and Security on the Internet.
Data Modeling, Introduction, An Overview of Databases, Steps in Creating a Database Using REA, Creating
Database Tables and Records.
Organizing and Manipulating the Data in Databases, Normalization, Validating the Data in Databases, Extracting
Data from Databases: Data Manipulation Languages (DMLs), Object-Oriented Databases, Multimedia Databases,
and Data Warehouses.
Creating Database Forms and Reports, Forms. Reports.
Recommended Book
1. Romney, M.B. & Steinbart, P.J. (2009), “Accounting Information Systems”. (11th edition.), Prentice Hall.
Additional Readings
1. Essential Reading (you should purchase/obtain) McMahon, D. (2009) “Accounting Information Systems” (1st edition, Pearson Custom) 2. Boczko, T. (2007). “Corporate Accounting Information Systems”, (1st edition), Prentice Hall. 3. Hurt, R. (2007) “Accounting Information Systems: Basic Concepts and Current Issues”, McGraw-Hill.
