BACHELOR OF COMMERCE [PROFESSIONAL] – SEMESTER 4

BCP 401 : Cost Accounting

This paper aims at acquainting the students with basic concepts used in cost accounting and various methods involved in cost ascertainment systems.

Section	Topics / Content
Section I	Concept & classification: Material, labour, overhead, fixed & variable, Classification of Costs; direct & indirect, product & period costs. Preparation of cost-sheet. Material Control, Levels of Material Control, Needs of Material Control, Techniques of Material Control, Material Purchase and Stores Control. Methods of Evaluating Material Issues ; FIFO, LIFO, Average Cost Method, Inflated Price Method, HIFO, Material Losses and Miscellaneous Items in Materials. Labour Cost, Computation and Control. Remuneration and Incentives.
Section II	Overhead – Classification; Definition of Overhead, Functional Classification Of overhead, Classification with Regards to Behavior of Expenditure. Necessity of Classification of Overhead into Fixed and variable. Job, Batch and Contract Costing. Process Costing. Marginal Costing- Its Meaning and Importance, Cost volume profit analysis: Contribution, PV ratios, Break even analysis. Use of Cost Data in Managerial Decision Making; Conditions of boom & depression, margin of safety. Relevant costs & decision making: Pricing product profitability, make or buy decision. Standard costing and variance analysis: Material labour & overhead Variances.
Section III	Budgetary Control; Types of Budget, Requisites for the Implementation of Affective Budgetary Control System. Reconciliation between budgeted profit and actual profit.

BCP 402 : Financial Management (Non-Traditional Paper)

This paper teaches students to appreciate the role of the finance in an organization, enables them to identify sources from where funds can be raised, familiarizes them with the techniques to be employed for investing the funds. It enables the students to develop keener understanding of financial market operations, and familiarizes the students with basic corporate finance transactions.

Section	Topics / Content
Section I	Scope of Financial Management, Traditional Approach, Modern approach. Investment Decision, Financing Decision, Dividend decision. Objectives of Financial management, Profit Maximization vs Wealth Maximization.
Section II	Capital Budgeting-Meaning, importance and various techniques: Accounting rate of return, pay back method, net present value, net terminal value, internal rate of return, profitability index method. Measurement of cost of capital: cost of debt, cost of preference shares, costs of equity shares, calculation of overall cost of capital based on Historical and Market Weights.
Section III	Operating and Financial Leverage. Capital Structure Decision. NI approach, NOI approach, MM approach, Traditional approach. Working Capital Management-Definition, importance, factors affecting working capital. Sources of raising working capital finance.

BCP 403 : Auditing

This paper teaches students to appreciate the role of auditing in business, understand the steps involved in the audit of accounts. It also familiarizes them with provisions of the companies act relating to the appointment, conduct and liabilities of an auditor.

Section	Topics / Content
Section I	Definition and Objectives of Auditing. Classes of Audit. Internal Check and Internal Audit. Internal Control. Distinction between Audit and Investigation.
Section II	Audit Program. Audit Evidence. Introduction to statements of standard audit practices.
Section III	Vouching. Verification of Assets and Liabilities. Company Auditors — Appointment, Removal, Rights, Duties and Liabilities. Auditor's Report.

BCP 404 : Taxation Laws – II

This paper provides basic knowledge and equips the students with application of principles and provisions of Service Tax, VAT, Central Excise, and Customs Laws.

Section	Topics / Content
Section I	Central Sales Tax Act: 1. Features, Terms, Definitions. Registration of dealer. Procedure of Assessment. Filing of Returns. 2. Sales Tax Authorities: Powers, Functions; Penalty and Appeal. 3. Central Value Added Tax (CENVAT). 4. Service Tax. 5. Value Added Tax (VAT). 6. Introduction to Goods & Services Tax (GST).
Section II	Central Excise Act (1944): Meaning, Definitions. Levy & Collection. Classification of Goods, Valuations, Assessment. Payment of Duty & Removal of Goods. Refund of Duties. Penalties & Appeals.
Section III	Customs Act (1962): Overview. Levy, Collection, and Exemption from Customs Duty. Date of Determination of Duties & Tariff Valuation. Prohibitions/Restrictions of Export & Import. Determination of Duty where Goods consist of Articles of different Rate of Duties. Warehousing. Duty Drawbacks u/s 74 & 75.

BCP 405 : Business Research Methodology (Non-Traditional Paper)

This paper provides a solid foundation in Business Research To furnish the students with a sufficient knowledge of the stages in research process. It also familiarizes them with the different research tools and the use of them.

Section	Topics / Content
Section I	Terminology: Data and Information, Validity and Reliability, Deduction and Induction, Quantitative and Quantitative Methods. Research Project: Choice of Topic, Writing a Research Proposal – Objective, Hypothesis, Methodology, Timeframe.
Section II	Survey Methods: Survey Design – Sampling, Qualitative Data, Quantitative Data, Scaling Technique. Research Methods: Interview Method, Observational Method, Questionnaires, Case Studies, Action Research, Documentary Sources.
Section III	Data Analysis: Types of Research Data, Frequency Distributions, Bar Charts, Histograms, Pareto Charts. Statistical Tools of Data Analysis – Mean, Median, Mode, Correlation, Regression. Report Writing: Formatting, Title Page, Abstract, Body, Introduction, Methods, Sample, Measures, Design, Results, Conclusions, References, Tables, Figures, Appendices. Presentation of Report: Skills and Methods.