Student: Internal Control and Battery Operated Pocket

1. ACCOUNTANCY AND BUSINESS STASTICS Part-I THEORY & PRACTICE OF AUDITING Min. Pass label 36 3 Hrs. age Max. mark coulomb Section-A 1. inspecting Meaning, Objects, Fraud, errors al-Quran-keeping, Accounting and Auditing salmagundi of audits Planning and procedure of audit Audit programmes Auditors working papers, Test tone downing Routine checking. 2. Internal control meaning, objective and evaluation of intrinsic control internal check and internal audit Internal control regarding gross revenue, purchases, assets, liabilities and salaries and wages vouching. . Verification and valuation of assets and liabilities Rules laid down in Kingston Cotton Mills Co. Ltd. (1896) Irish woollen Co. Ltd. (1901) Westminister Road Construction & Engineering Ltd. (1941) and Thomas Gerard and Sons Ltd. (1967). Section-B 1. Audit of sole proprietorship and partnership concerns. Educational institutions, Cinemas, Clubs and Hospitals. 2.Audit of joint line of descent companies Appointm ent, removal and remuneration of company hearer Audit of share capital, debentures and mangerial remuneration, Audit for the purpose of Statutory Report and Prospectus Audit of Government Companies with reference to Section 619 to the companies Act, 1956. Section-C 1. Rights, duties and liabilities of an auditor and Rules laid down in London and General Bank Case (1895) Hedley yrne and Co. Ltd. v/s Heller and Partners Ltd. (1863) CIT v/s G. M. Dandekar (1952) Anupam Roy v/s P. K. Mukherjee (1956). 2. Divisible profits including audit of reserves and Provisions. 3.Audit Reports and Audit Certificates. 4. Investigation Meaning, objecgtives procedure Investiation on behalf of perspective purchaser of business, banker and prospective investor. 5. Cost Audit Meaning, Nature, Objective, Scope and types of embody audit. Book Recommended 1. B. N. Tondon ANKEKSHAN 2. T. R Sharma ANKEKSHAN 3. S. M. Shukla ANKEKSHAN 4. Jain, KhandelwalANKEKSHAN 5. Spicer & Paglar Practical Auditing (Indi an Ed. ) 6. De Paula Principles of Auditing 7. J. Lancaster Princies and Practice of Auditing. 8. R. G. Williams Elements of Auditing. 9. Mautz and Sharaf Philosophy of Auditing. 0. Ronald I. Irish Auditing. 11. Jagdish Prakash Auditing. 12. Krinadwala & Krishnadwala Auditing. Paper-II OPTIONAL PAPER (ANY ONE TO BE OFFERED) Paper-II (1) MANAGEMENT ACCOUNTING Min. Pass Marks 36 3 hrs. duration Max. marks one hundred Section-A 1. Introduction Meaning of heed accounting, conventions of management accounting, organisation of management accounting, functions, responsibilities and qualities of a management accountant, management accounting Vs. traditional accounting, limitations of management accounting. 2. Capital social organization Determinants of capital structure, optimum capital tructure. Basic theory capital structure. 3. Operating and financial leverage. 4. Working Capital Concept, factors affecting working capital requirements, ascertainment of working caipital r equirements, salient features of Tandon Commitee and Chore Commitee reports. Section-B 5. Financial Analysis Meaning, nature and importance of financial statements, techniques of financial compendium comparative statements, common size statements, trend analysis, limitations of financial statements analysis. 6. unsophisticated proportion Analysis. 7. Cash flow and fund flow Analysis. Section-C 8. Cost of Capital. 9.Capital expenditure decisions, Pay-back period, return on investment, discounted cash flow. 10. Responsibility accounting. 11. Reporting to management. cite The candidate shall be permitted to practise barrage operated scoopful calculator that should not corroborate more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless. Books Recommended 1. Hingorani, Ramnathan and Grewal anxiety Accounting. 2. Man Moha & Goyal Management Accounting. 3. N. K. Kulshreshtha surmise and Practice of Management Accountancy. 4. P. K. Ghosh Managem ent Accountancy. 5. S. K. Chakraborty Management Accountancy. . N. M. Khandelwal PRABAMDH LEKHANKAN 7. Agrawal & Agrawal Management Accountancy (Hindi) 8. S. P. Gupta Management Accountancy (Hindi) 9. J. Batty Management Accountancy. 10. Anthony R. N. Management Accountancy Principles. 11. De-Paula Managemetn Accountancy Practice. 12. Murphy, M. E. Managerial Accounting. 13. M. R. Khandelwal PRABANDH LEKHANKAN Paper-II (2) go on COST ACCOUNTING Min. Pass Marks 36 3 Hrs. duration Max. marks 100 Section-A 1. Review of Cost Accounting as information clay Concept of equals, Types of costs Installation of a Costing System. 2.Cost keep in line as distinct from cost determination Control over Wastage, scrap, spoilage and defective. 3. By-product and common product cost including equivalent units. 4. Cost control Accounts and Integral Accounts. Section-B 5. Marginal Costing Stock valuation at a lower place marginal costing Absorption costing curve, linear, break even analys is, Break even charts Differential cost analysis. 6. Cost analysis for management decision making like-Make or Buy own or lease repair or replace now or later sale of scrap or retain shut down or stay put expand or contract dropping or adding a product suitable product mix. . Pricing decision in special circumstances, like sales below cost, export pricing, dumping and inflation. Section-C 8. Standard Costing General Principles setting of standard costs variance analysis cost profit and sales variances, initiation of variances. 9. Uniform Costing and Inter firm comparison. 10. Cost Reduction Meanig Techniques Principles and Procedure Treatment of research and development costs. Note The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.Book Recommended 1. Maheshwari and Mittal LAAGAT LEKHANKAN SIDDHANT ANVUM VYAVHAAR 2. Prasad, N. K. Principles and Pr actice of Cost Accounting. 3. Bhar, B. K. Cost Accounting Methods & Problems. 4. Saxena and Vashistha move on cost Accounts. 5. Ashish K. Bhattacharaya Principles and Practice of Cost Accounting. 6. Horngren Cost Accounting A Managerial Approach. 7. Jain, Narang move Cost-Accounting. 8. Matz, Curry and Frank Cost Accounting. 9. Shliling and Zordon Cost Accounting Analysis and Control. 10. Nigam , B. M. L. , Sharma Advanced Cost Accounting. 11.Backer and Jacobson Cost Accounting. 12. Oswal, Bidawat, Mangal LAAGAT VISHLESHAN ANVUM LAAGAT NIYANTRAN Paper-II (3) COST AND MANAGEMENT AUDIT Min. Pass Marks 36 3 hrs. duration Max. Marks 100 Section-A 1. Cost Audit Nature, objects and place setting cost audit leading to other services cost audit and financial audit. 2. Cost auditor Qualifications, appointment and engagement rights, duties and responsibilities professional and legal under companies Act, 1956 and Cost and Works Accountants Act, 1959 relationship between st atutory financial auditor, cost auditor and internal auditor. 3.Professional ethics and misconduct special penal provision for cost auditors. Section-B 4. Preparation of the cost audit programme evaluation of internal control system including material inventrory, capacity utilization management information system and internal audit. 5. Preparation and verification of cost records cost Accounting Re cords Rules u/s 209 (a) (d) of the companies Act, 1956 (only general knowledge is required) Use of statistical sampling methods. 6. The cost audit reports Contents of reports as per Cost Audit Records Rules u/s (b) of the Companies Act, 1956 Review of cost audit reports by Government.Section-C 7. Management audit, Meaning, nature and scope, qualities of a management auditor, concept of efficiency audit, proprietary audit and operational audit. 8. Specific areas of management audit involving review of internal control, review of purchasing control, review of selling and distribution poli cies and programmes, review of manufacturing operations. 9. Corportate social audit concept, dimenloy and technique. Note The candidate shall be permitted to use battery operated pocket calcualtor that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.Books Recommended 1. Management Audit. 2. Choudhary D. Management Audit and Cost Audit 3. Ramanathan Cost and Mangement Audit 4. Cona W. L. Management Audit 5. Tikhe J. G. Cost Audit and Management Audit 6. Rose T. G. Cost Audit and Management Audit 7. Kamal Gupta Contemporary Audit Paper-II (4) BUSINESS STATISTICS Min. Pass Marks 36 3 Hrs. duration Max. marks 100 Section-A 1. Analysis of time series Meaning, components of time series, methdos of measuring trend, seasonal variations and irregular fluctuations. 2.Interpolation and Extrapolation Meaning, Nilwons method of Advancing difference, Binomial and Lagsargs method. Section-B 3. Association of attributes. 4. Theory of prob ability Elementary problems ground on permutations and combinations, additive and mutiplicative rules. 5. Probability distributions Binomial, Poisson and Normal distribution. Section-C 6. Sampling Meaning, Sample of attributes and variables, Test of significance, large samples and small samples, t-test, F-test and chisquare test. 7. Analysis of variance One counsel and two way classification, design of experiments. 8. Statistical quality control.Note The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless. Book Recommended 1. 2. 3. 4. Mathur, Khandelwal, Gupta VYAVSAAYIK SAANKHIYAKI NAAGAR SAANKHIYAKI KE SIDDHANT S. P. Gupta Statistical Methods. Sancheti & Kapoor Statistical Methods. Optional Paper-II (5) COMPUTER APPLICATIONS IN ACCOUNTING Min. Pass Marks 36 3 Hrs. duration Max. Marks 100 Section-A 1. Introduction of Computers and automated data processing, development of data processors, types of computers, hardware and software. . Binary code system binary arithmetic, words, bytes and bits, introduction to other number system (octal and hexadecimal), computer languages. 3. Introduction to flow charts, flow diagram importance, symbols and their application. Section-B 4. Introduction to BASIC language characteristics, contants, variables and expressions, READ, PRINT, AND DATA statements. CONTROL statements. 5. computer programing in BASIC language-simple programmes. 6. Business applications Payroll, iventory control, financial accouting and electronic data processing audit. Section-C 7. Introduction to COBOL language- Histroy of COBOL coding format.Structure of a COBOL program, character set, COBOL words, data names and identifiers, laterals, four divisions of COBOL. 8. Procedure, division and basic verb-More, arithmetic verbs, sequence control verbs, input and output verbs, qualified verb. 9. Writing simple COBOL progr ammes. Note 1. There will be three hours of theory and three hours of computer lab work per week. 2. The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless. Books Recommended 1. 2. 3. 4. 5. 6. 7. 8. Fundamentals of Computers V.Rajaraman Programming in COBOL Schaum serial publication Principles of Auditing Tandon Selecting the Computer System Chorafas System Analysis & Data Processing Subramaniam and Menon Computer Data Processing Gordon B. Davis Computer and Common Sense Roger Hund and John Shelly Machine government An Introduction to the Pflager P. C. Structure and Programming (New York Wiley, 1982) of Computer Systems 9. Fundamentals of Data Structures Herowitz E. Sahnaj Co. Computer Science Press, 1978 10. Computer Hardare and Organisation Solam M. E. 11. Fundamental Concept of Programming System Allaman J. D. 12.COBOL Programming M. K. Roy and D. Ghosh 13. Computer Programming in COBOL V. Rajaraman 14. D. O. S. and 6. 2 Companion Satish Jain Optional Paper-II (6) TAXATION LAW AND PRACTICE Min. Pass Marks 36 3 Hrs. duration Section-A Wealth valuate Act and Rules Max. Marks 100 1. Definitions Charge of wealthiness tax and assets subject to such charges exemptions valuation of assets, computation of net wealth and wealth tax. 2. Procedure of judging Liability to assessment in special cases appeals revision and reference, payment and recovery of wealth tax. refunds. Section B Central Sales Tax and Rules 3.Definitions Liability of tax on inter-state sales, rates of tax, determination of taxable turnover and sales tax, declaration forms. 4. Registration of dealers declared goods and restrictions and conditions on sales of such goods levy and collection of tax penalities appeals. Section C Rajasthan Sales Tax Act and Rules 5. Definitions incidence of taxtation exemptions and concessions registration of dealers co mputation of taxable turnover and sales tax. 6. Procedure of assessment liability to assessment in special cases payment and recovery of tax offences, penalties and prosecutions appeals and revisions.Note 1. There will be three hours of theory and three hours of computer lab work per week. 2. The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 me mories and should be noiseless and cordless. Books Recommended 3. 4. 5. 6. Chawala and Gupta DHAKAR ANVUM UPHAAR KAR Bhagwati Prasad Wealth Tax and Gift Tax Mehrotra & Goyal Wealth Tax and Gift Tax Chawala, GUpta and Naahar KENDRIYA ANVUM RAJASTHAN BIKRIKAR 7. Patel and Chaudhary DHANKAR, UPHAAAR KAR ANVUM NIGAM KAR 8. Patel and Chaudhary VIKRAY KAR 9. V. K.Singhania Direct Taxes Paper-I (7) ADVANCED FINANCIAL ACCOUNTING Min. Pass Marks 36 3 Hrs. duration Max. Marks 100 Section-A 10. Alteration of share capital and internal reconstruction (excluding fr aming of schemes). 11. Amalgamation, absorption and external reconstruction of companies (exclusing framing of schemes). 12. colonisation of companies. Section-B 13. Accounts of Holiding companies. Preparation of consolidated fin ancial statements (Excluding inter-company holdings). 14. Accounts of banking companies and general insurance companies. 15. Double accounts system (including accoutns of Electrictiy companies).Section-C 16. Trends in published accounts. 17. Valuation of inventories AS-2 18. Accounting for agricultural farms and hotels. 19. Indian accounting standards 6 to 12. Note 20. There will be three hours of theory and three hours of computer lab work per week. 21. The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless. Books Recommended 22. Publications of the Institute of Chartered Accountants of India. i. Trends in Published Accounts. ii. Indian Accounting Standards 1 to 12 23. Pickless Accountancy 24. Spicer and Peglar Book-Keeping and Accounts 25. Shukla M. C. & Grewal T. S. Advanced Accounting. 26. H. Chakravarty Advanced Accountancy. 27. R. L. Gupta Advanced Accountancy, Vol-II 28. Jain & Narang Advanced Accounts. 29. Monga, Sehgal, Ahuja Advanced Accounts, Vol-II 30. Jain, Khandelwal, Pareek Advanced Accounts Paper-II (8) OPERATION RESEARCH Min. Pass Marks 36 3 Hrs. duration Max. Marks 100 Section-A 31. Introduction Quantitative techniques and operation research, methodology and models of O. R. 32.Linear Programming concept, formulation, graphical solution, primal and dual simplex method. 33. Transportation model, assignment models. Section-B 34. play theory 35. Waiting line models. 36. Simulation Section-C 37. Inventory control techniqes. 38. Network analysis, PERT & CPM, including time-cost trade off. 39. Quantitative decision models decision making under certainty, precariousness and Risk expect ed value of perfect information, decision tree. Note The candidate shall be permitted to use battery operated pocket calcul ator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.Book Recommended 40. Mathur, Khandelwal, Gupta PARINATMAK PRAVIDHIYAAN 41. C. R. Kothari, Vikas Quantitative Techniques 42. Bonieni, Bierman Quantitative Methods 43. Kanti Swaroop Statistical Analysis and Quantitative & Other Techniques. 44. Gupta and Gupta Operations look. 45. Ghokaru-Saini SANKRIYA VIGYAN 46. C. R. Kothari Operations Research 47. P. K. Gupta & D. S. Hira C. W. Operation Research 48. Churchaman, R. L. Ackoff & Asnoff Introduction to Operations Research 49. Mathur, Khandelwal, Gupta, Gupta Sankriya Vigyan Paper-II (9) BUSINESS MATHEMATICS Min.Pass marks 36 3 Hrs. duration Max. Marks 100 Section-A 50. Arithmetic, geometric and harmonic progressions compound touch on and annuities. 51. Permutations and combinations binomina l theorem for positive integral index only. 52. Graphs and linear inequalities in two variables to determine feasible regions solution of quadratic equations relation between roots of a quadratic equation. Section-B 53. Matrics and determinants of a matrix of order upto three only useof matrices in solving simultaneous equations by matrix inversion as well as diametric reduction method and by use determinants. 4. Linear, quadratic, exponential and logrithmic functions, concepts and determination of break-even point curve fitting by the method of least square fitting of linear, quadratic, exponential and logarithmic curves. Section-C 55. Elements of trignometry (to enable a student to learn Integral Calculus with aid to Trigonometric Rations). Trigonometric Ratios and angles associated with a given angle, addition formulae, multiple and submultiple angles variety of sums into products and vice-versa definiton of inverse circular function. 56.Elements of differentation, simple ap plication of differential coefficients, maxima and minima of unvariate functions rules of integration for indefinite and definite integrates, simple application of integration to calculus accounting and business problems. Note The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless. Book Recommended 57. Sancheti and Kapoor Business Mathemtaics. 58. Mehta and Madani Basic Mathematics for Commerce. 59. S. Saha Business Mathematics. 60.Brijesh Gupta VYAVSAAYIK GANIT Paper-II (10) STOCK MARKET AND SECURITY ANALYSIS Min. Pass Marks 36 3 Hrs. duration Max. Marks 100 Section-A 61. Introduction Meaning, nature and importance of stock market origin and development of stock market in India organisation of stock market in India. 62. run of stock market. Transactions of business aspect and forward, speculations and classes of speculations margin trading options hedging, arbitrating procedure of transfer of shares and bonds blank transfer. 63. Stock market regulations Membership maintenance and audit of their books of account.Securities and step in Board of India its function and control, protections of small investors. Section-B 64. Stock exchanges and new issue market mechanism of floating new issuesl listing of securities, underwritng of securities. 65. Types of securities. Fixed and variable, return securities. Equity shares. Debentures convertrible and non-convertible debentures, warrants, stock options, Government securities. 66. Concept of valuation Present value. Internal Rate of Return. Holding period yield. 67. Analysis of risk an dreturn on securities. Section-C 68. Fundamental analysis economic analysis company analysis financial and on-financial factors. 69. Technical analysis. 70. Introduction to market efficiency. Note The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memo ries and should be noiseless and cordless. Book Recommended 71. Grahum and Dodd Security Analysis 72. Prasanna Chandra The Investment 73. Sinha, S. L. N Investment Managemetn 74. Bhall, V. K. Investment Management 75. Preeti Singh Investment Management 76. Birston R. J. The Stock Exchange and Investment Analysis. 77. Dr. Veena Stock Market in India. 8. Gupta, U. L. Working of Stock Exchanges in India. Paper-II (11) APPLICATIONS Min. Pass Marks 36 vicenary METHODS 3 hrs. duration AND THEIR Max. Marks 100 Section-A Risk Analysis in capital Budgeting. Ration Analysis Liquidity Ratios and Profitability Ratios. Statistical Quality Control Introduction control charts for process, variable attributes, defects, etc. uses and Applications of S. Q. C. Section-B Vital Statistics. Interpolation and Extrapolation Newtons method and Newtons method of dividid differences. Analysis of tiem series including exponential smoothing.Section-C A. P. G. P. and H. P. Simple and direct problems. Probability Elementary problems based on permutations and computations. Elements of Set Theory Definition of Set and Sub-sets, number of elements in a set, ways of specifiying a set equality and sub-set unversal set and unreal set. Basic set operations, Venn Diagrams. Book Recommended 79. Statistics Sancheti & Kapoor. 80. Quantitative Techniques C. R. Kothari. 81. Business Statistics Mathur, Gupta, Khandelwal. 82. Quantitative Techniques Sharma, Jain, Pareek. 83. Oswal, Bidawat, MangalLAAGAT VISHLESHAN NIYANRAN ANVUM