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2013-2014 M.com session

22-May-13

Naseer Ahmed

Syllabus of M.Com

DETAILED SYLLABUS FOR M.com

Special Thanks to Sir Shafiq for Helping in syllabus.

This is the syllabus for M.com previous and final. It helps to prepare for exams. It is organized by Naseer Ahmed in 2013

2012-2013 M.com session

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Syllabus of M.Com

DEPARTMENT OF COMMERCEUNIVERSITY OF BALOCHISTAN

QUETTA

Detailed SyllabusMaster of Commerce (M.Com.)

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Syllabus of M.Com

DETAILED SYLLABUS FOR MASTER OF COMMERCE

The syllabus of M.Com comprises Ten courses and a Viva-Voce examination to be held at the end of the Final year’s examination. The course leading to the degree of M.Com will be of two academic year’s duration.LIST OF COURSES FOR THE TWO YEAR’S PROGRMME LEADING TO THE DEGREE OF COMMERCE (M.COM)

PRINCIPLES OF MANAGEMENT.FUNDAMENTAL OF MARKETING.CORPORATE ACCOUNTING & FINANCIAL STATEMENT ANALYASISRESEARCH METHOD AND REPORT WRITINGQUANTITATIVE FOR PUBLIC ENTERPRISES & DATA PROCESSINGMANAGEMENT ACCOUNTING FINANCIAL MANAGEMENT HUMAN RESOURCE MANAGEMENT VIVA-VOCE

Each course will be of 100 marks. Total marks for the M.Com Degree shall be 1100 . At the end of the first academic year the student will be examined in the courses listed at 1-5 above.Examination for courses listed at 6-10 and VIVA VOCE examination will be held at the end of the second year. During their studies and in the examination the students shall be allowed to use freely electronic calculators. Accounting machines and other and other equipment used in modern business houses.

NOTE: This syllabus will be effective for the M. Com Examination for 1993 and onward.

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Syllabus of M.Com

I. PRINCIPLES OF MANAGEMENT

COURSE OBJECTIVE:

The objective of the course is to give an idea of the Development of Management thought and insight into the functions of a manager in modern business / industrial organization.

CONTANTS:

i. PRINCIPLES OF MANAGEMENT. Basic concepts of management.The scope of management The management process.

ii. DEVELOPMENT OF MANAGEMENT THOUGHT.The Classical Schools, Management by Customs, Scientific Management,Human Behavior School, System Approach, Quantitative approach, the Process Approach, Contingency approach, Management by Objective and Management by Exception.

iii. FUNCTIONS OF MANAGEMENT.PLANNING:Nature and purpose of Planning.Type of Plans. Long and short rang planning.ORGANIZING:

The Span of Management, Organizing Structure Departmentation, DecentralizationDelegation of AuthorityLine, Staff and Functional AuthorityCommittees and their role in ManagementSTAFFING:Manpower PlanningSelection, Training and appraisal of workers performance.DIRECTING:Human Relations, Motivation, Leadership, Communication,The Commandments of good communication.CONTROLLING:The means of the control. The process of controlling, Techniques of control.The information system and their process of control.

BOOKS RECOMMENDED:George R. Terry, Principal of Management Koontz O’Donnell Principals of Management.Newman, The process of Management. Herbert Hicks Management of Organization.

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Syllabus of M.Com

II. 2. MARKETING MANAGEMENT.

COURSE OBJECTIVE:

The objective of the course is to introduce the students the basic concept of the marketing like pricing policies. Advertising policy of product, sales promotion activities. This is an introductory course to be studied by each student even if he is not specializing in marketing.

CONTANTS:

I. INTRODUCTION:DefinitionsNature, scope and importance of marketingEvaluation of Marketing ManagementMarketing concepts and social responsibilitiesThe basic functions of marketing

II. MARKETING ENVIRONMENT AND ANANLYSIS: An organization’s external micro and macro environment

An organization’s internal environmentIII. MARKETING, RESEARCH AND INFORMATION SYSTEM

Marketing research and its applicationMarketing research processMarketing information system and marketing decision support systemConcepts and components of marketing information system

IV. CONSUMER BUYING BEHAVIOR:Consumer behaviorFactors influence consumer behavior The consumer decision process

V. MARKETING SEGMENTATION:Definition, meaning and use of segmentation Segmentation consumer marketSegmentation industrial marketTypes and benefits of segmentationMarket targeting and product positioning

VI. PRODUCT MARKETING STRATEGIES:Definition and classification of productProducts life cycle stages and strategiesNew product planning and developmentProduct line strategiesProduct mix strategiesBranding, packaging and labeling

VII. PRICING, STRATEGIES AND POLICIES.Definitions and pricing objectives Procedure for setting priceMethods of setting pricePrice adaptation strategiesOne price and flexible price policies

VIII. MARKETING CHANNELS SYSTEM:Marketing channels and marketing inurmediaries

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Syllabus of M.Com Types of marketing channelsChannel DynamicsChannel design decisionChannel Management decisionFactors affecting choice of marketing channels

IX. PROMOTION STRATEGIES:Meaning and importance of promotion Communication process and promotion mix strategies Effective advertising campaignSales promotion and public relation programPersonal selling processSales force management

BOOKS RECOMMENDED1. Marketing Management Philip Kotler2. Fundamental of Marketing William J. Stanton

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Syllabus of M.Com

III. CORPORATE ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS.

COURSE OBJECTIVE:

The course is composed of two very important aspects of modern accounting viz (a) Corporate accounting and (b) Financial Statement analysis, The objective of the course is to train the students in the accounting practices used by the Joint Stock Companies in Pakistan and to give an insight into the analysis of financial reports practices in Pakistan and to enable students to interpret financial statements.

CONTANTS:

I. COMPANIES ( I):Published Accounts, Accounting Principles, Reserves and provisions,Profit and Loss Accounts and Balance Sheet.

II. COMPANIES ( II):Purchase of Business, Amalgamation of Limited Companies, CapitalReduction Reconstruction and Reorganization of Companies, HoldingCompanies, Preparation of Consolidated Balance Sheet and Profit and Loss Accounts.

III. VALUATION OF SHARES AND GOOD WILL: Average Method, Super Profit Method, Capital Employed Method, Valuation of Share on the basis of assets and on the basis of yield.

IV. VALUATION OF INVENTORIES:Physical Inventors and Perpetual Inventories System, First in First out,Average, Weighted Average, and Standard Costing Method, Estimationof Inventories, Stock destroyed by fire.

V. ACCOUNTING OF INVESTMENT COMPANIES:Purchase and Sale of short term investment and long term investmentin shares and debentures, Recording of bonuses, Income on the investment-Cum-dividend and Ex-dividend.

VI. ANALYSIS OF FINANCIAL STATEMENT, FINANCIAL STATEMENT:Profit statement, Balance Sheet and Fund Flow Statement, Cash Flow Statement.

VII. ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENT:Ratio Analysis, Price Level changes and their effect on the reporting International Accounting Standards.

BOOKS RECOMMENDED:1. Simon and Kerrenbrock, International Accounting.2. Uzair Hassan Higher Accountancy.3. Niswanger & Fess Accounting Principles.

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Syllabus of M.Com

IV. RESEARCH METHOD AND REPORT WRITING

COURSE OBJECTIVE:

The Objective of the course is to train a student in carrying out research in different activities of a modern business/industrial house such as financing methods, marketing research, study of consumer behavior etc and to enable them to write report on such research.

CONTANTS:

PART (A)Meaning and role of research in businessStep in researchResearch PlansResearch Information(a) Importance, (b) Accuracy of information (c) Value and Cost of Information, (d) Sources of Information.

PART (B)I. BUILDING MODEL:

(a) Meaning and type of models. (i) Empirical Model

(ii) General Model (iii) Analogy Model

(iv) Symbolic model(b) Construction of model(c) Testing of model(d) Derivation Solution from the model.

II. THOETY OF SAMPLING:(a) Meaning of population and sample.(b) Difference between sample and sampling(c) Significance of sampling.(d) Size of sample(e) Methods of determining sample

III. DATA COLLECTION:(a) Methods polls and techniques(b) Problems into date collection(c) Questionnaire Design

(i) Question Contents, (ii) Question farming (iii) Response format(iv) Physical Characteristics of Questionnaire.

(d) Interviews, Projectile techniques and analysis.IV. ANALYSIS OF DATA:

Editing, Classifying and tabulating.V. HYPOTHESIS TESTING:

(a) Meaning of hypothesis(b) Structure of hypothesis

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Syllabus of M.Com (c) Kind of sources(d) Characteristics of useable hypothesis(e) Kinds

PART (B)REPORTING WRITING:(a) Meaning Needs, Aims of report and criteria.(b) Classification of report(c) General Procedure(d) Requirements of report(e) Formal and informal report.

Preliminary Section, Body of Report, Supplemental SectionDocumentation foot notes, Bibliography.

BOOKS RECOMMENDED:1. Methods in Social Research Good & Haft2. Business Research Number & Maoris3. Research Methodology for

and social problems Dr. Matin A. Khan. 4. Methods of Social Research Kerlenger

5. The Basics of Research Process Dr. Muhammad Iqbal Saif.

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Syllabus of M.Com

V. QUANTITATIVE TECHNIQUES FOR BUSINESS.

COURSE OBJECTIVE:

The Objective of this course is to train students how to make decisions for achieving personal as well as organizational goals and objectives, beside the sue of statistical data in solving various business problems. Emphasis will be given on various statistical and mathematical techniques of decision making in various areas of business.

CONTENTS:

I. (a) Introduction to probability. Basic concepts in probability.(b) Rules for conditional and joint event probability.(c) Types of probability under condition of statistical dependence of

Independence.(d) Application of Babes Rules.

II. PROBABILITY OF DISTRIBUTION:(a) Introduction to probability distribution.(b) Random Variables and Mathematical Expectation.(c) The Binomial Distribution.(d) The Passion Distribution.(e) The Normal Distribution

III. SAMPLING AND SAMPLIND DISTRIBUTION:(a) Introduction to Sampling.(b) Sampling and its types.(c) Sampling Distribution

(i) Sampling from normal population(ii) Sampling from Non-normal population(iii) The use of central limit theorem.

IV. THE QUANTITATIVE APPROACH TO MANAGEMENT:a) Introduction to decision making theoryb) The different environments in which decision

Certainty under risk, under uncertainty, under conflict or competitionPay of table, The Principal of rationality.

V. INVENTORY MODELSIntroduction to inventory models. (Deterministic and Probabilistic) Essential aspects of inventory problemsBasic blocks of inventory control.Classification of inventory problems.Methods of solution. Probabilistic Model dynamic Base.Fixed order system, Fixed period System.Concepts of Service Level.

VI. NETWORK MODEL:Introduction and philosophical formulation of PERT and CPM.General framework of PERT and CPM.Basic concept of PERT and CPM.Probabilistic analysis in PERT.

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Syllabus of M.Com VII. LINER PROGRAMMING:

Introduction, Basic assumption, Terminology and basic structure GraphicApproach. Algebraic approach.

BOOKS RECOMMENDED:1. Levin and Kirkpatrick Quantitative Approach to

Management.2. Paul N. Loomba Management: A Quantitative

Perspective.3. R. Levin Statistical Analysis for Management

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Syllabus of M.Com

VI. INTERNATIONAL BUSINESS Marks (100) THIS COURSE IS DESIGNED TO INTROCDUCE STUDENTS WITH CONTINUATION ATTEMPT TO DEVELOP THIS STUDENT VISION TO UNDERSTAND DIFFEERNT SORT OF BUSINESS TOOLS IN ALL TYPE OF ENVIRONMENTS.

1. Introduction Definition, ConceptsImportance of International BusinessReason for the growth of International BusinessModes of International BusinessAssignment, Presentation, Test

2. Business Environment Cultural EnvironmentPolitical and Legal EnvironmentEconomic Environment

3. Trade Trade TheoryThe rationale for Government interventionControl of Government on tradeTariff & Non-tariff ControlBarriers related to International BusinessWTO Role of WTO in International Business

4. World Financial Environment Introduction

Use of Foreign Exchange Restrictions in International Market Exchange Rates, Exchange Restrictions5. Multinational Corporations

Characteristics of MNCRole of Multinational CorporationsImpact of Multinational Enterprises

6. Negotiation Nature, FunctionsNegotiation in International BusinessAgreements (Multilateral and Multinational)Role of Export promotion Bureau of Pakistan

7. Export and Import Strategies Introduction

Export Intermediaries Export Financing Import Strategy Role of Export Promotion Authority8. International Financial Institutions

Role of IMFWorld BankADB in International Business

Book Recommendation1. Blouth, International Busiess, McGRAW-HILL2. Internationl Business, John D. Daniels Lee H. Radebaugh. Eight Edition3. Addition, Waselay Longman Inc. Reading Massachusetts, USA

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Syllabus of M.Com

VII. MANAGEMENT ACCOUNTING

COURSE OBJECTIVE:

The Objective of this course is to give the students as insight into the management use of accounting and other information emerging from different sections of an organization.

CONTENTS:I. MANAGEMENT ACCOUNTING:

(a) Cost information and Cost Accounting procedure (b) Accounting as a tool of management (c) Process Costing Addition of Materials, Average and FIFO Costing(d) By product and Joint Product.

II. PLANNING OF PROFITS, SALES AND COSTS:(a) Budgeting, Profits, Sales, Cost, Expenses, Human Behavior (b) Budgeting Expenditures and Cash(c) Budgeting: The Flexible budget, Cost behavior analysis, Statistical

Correlation analysis.III. CONTROLLING COSTS AND PROFITS:

(a) Standard Costing, Setting standards and analysis variances (b) Standard Costing, Accumulation and evaluating cost and variances.(c) Gross Profit analysis.(d) Direct costing and Contribution Margin.

IV. COST AND PROFIT ANALYSIS:(a) Break-Even and Cost-Volume – Profit Analysis.(b) Different Cost Analysis(c) Capital Expenditures, planning Evaluating and Controlling

BOOKS RECOMMENDED:1. Horngron Management Accounting2. Matz & Usry Cost Accounting.

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Syllabus of M.Com

VIII. MANAGERIAL ECONOMICS

COURSE OBJECTIVE:

Economics has been considered as one of the important tools of management. The course has been to design as to give the students an insight into the application of the laws of Economics to business problems.

CONTENTS:I. BUSINESS DECISIONS & BUSINESS OBJECTIVES:

Definition Relationship between Managerial Economics and traditionaleconomic and Business. Use and application of Managerial Economics. Business Decisions and objectives.

II. DEMAND ANALYSIS:Consumer demand analysis. The demand function. Industry vs FirmDemand. Demand curves. Relationship between demand function and Demand curve. Elasticity of demand. Demand relationships andmanagerial decisions.

III. TECHNIQUES & DEMAND ESTIMATION:Trend projection. Barometric and leading indicator methods. EconometricModels. Input output analysis and survey techniques.

IV. PRODUCTION THEORY:Production function Marginal rate of substitution. Laws of DiminishingReturn. Three stages of productions. Returns to the scales.

V. COST THEORY:Relevant and opportunity cost concepts. Cost functions. Short-run and Long-run cost curves. Firm and plant size and flexibility. Break Even Analysis, its uses and limitations. Short run and long run cost estimation.

VI. MARKET STRUCTURE: Classification of market structure. Factors determining marker structure Pure competition. Monopoly, Monopolistic competition. Oligopoly.Monopolistic imperfect competion.

VII. PRICING PRACTICES:Cost-plus Pricing, Incremental analysis in pricing. Price discrimination Multiple-Product pricing. Transfer Pricing.

BOOKS RECOMMENDED:1. Brigham & Pappas Managerial Economics.2. Mentall & Singh Managerial Economics.3. D.C Hague Managerial Economics.

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Syllabus of M.Com

VIII. FINANCIAL MANAGEMENT.

COURSE OBJECTIVE:

The importance of finance now a days cannot be overlooked. Organization fails when their financial aspect is week. The course has been designed to give the students an insight into all important finance function. It deals with estimation of financial requirements, source of funds techniques of capital budgeting etc.

CONTENTS:I. Introduction to course outline.II. Need Objective and functions financial Manager, Functions of Finance.

Finance Control.III. CAPITAL STRUCTURE DECISIONS:

Definition and kinds of Capital, Decision making procedure of Capital Budgeting. Selection of proposals. Methods for evaluating the project,Cost of capital, Leverage, Determinants of Financial Structure Decision

IV. SHORT TERM FINANCING:(a) Short Term Unsecured Financing.

Trade Credit.Loans from Commercial Banks.Commercial Papers.

(b) Short Term Secured Financing.Accounts Receivable Inventory Financing.

V. INTERMEDIATE TERM FINANCE:Term Loans Installment SalesLease FinancingDifference between Short term & Intermediate Term Financing.

VI. FINANCE CONTROL:VII. LONG TERM FINANCING:

Equity Funds (Common Stock and Preferred Stock). Debt funds (longTerm Debt).

VIII. MANAGEMENT FOR WORKING CAPITAL:Definition of working capital.Advantages of adequate working capital and disadvantages of insufficient Amount of working capital.Factors effecting working capital.Cash and Marketable securities management.

IX. INVESTMENT BANKING:DefinitionFunctions of investment Banks.Underwriting process.

X. RETAINED EARNINGS:XI. STOCK EXCHANGE & OTHER FINANCIAL INSTITUTIONS:

What is Stock exchange and functions of Stock Exchange.PICIC, NDFC, NIT, ICP, IDBP, ADBP

BOOKS RECOMMENDED:

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Syllabus of M.Com 1. Iqbal Mathur Introduction to financial management2. J.C. Van horn Fundamental of Financial Management3. Lawrence Gitman Financial Management.

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Syllabus of M.Com

X. HUMAN RESOURCE MANAGEMENT.

COURSE OBJECTIVE:

The selection and training of persons appropriate for a given task and evaluation of their performance is very important aspect of an organization.

The course intends to give the students an idea into the problems and procedures of matters dealing with personal selections, training job evaluation, payment methods, incentives plans, union and compensation etc.

CONTENTS:I. MANAGEMENT AND PERSONAL ADMINISTRATION:

Personal concepts and philosophy, personal policies, personal functions.Organization for the personal function.

II. ORGANIZATION AND JOB:Approach to the study of organization, Organization structure Bureaucratic and Organic system.Job design and analysis:Job Design job Information and personal development.Analyzing job and obtaining information. Functional job analysis.Administration of job Analysis Programme.

III. EMPLOYMENT & DEVELOPMENT OF PEOPLE:(a) Human resource Planning.

Reasons human resources planning. Planning process.(b) Recruitment and selection:

Policies, Issues, Sources of People, Selection Process.(c) Performance Appraisal:

Basic consideration in appraisal Present methods. Problems in rating .appraisal in personal development.

(d) Promotion,. Transfers. Lay-off and Discharge: (e) Training:

Training in Organization. Learning Process. Training MethodsTraining Programme. Evaluation of the training Efforts.

IV. UNDERSTANDING & MANAGING PEOPLE:(a) Understanding people and motivation.

Human Behavior Fundamentals. Motivation. Job Satisfaction.Human Adjustment. Important Motivation theories.

(b) Leadership and Supervision. Nature of leadership. Foundation of Leadership. Authority and Power leadership. Style. Supervisions and its problems. Pattern of Effective Supervision.

(c) Participating management: Role of Participation in organization. Condition of effectiveParticipation types of participation.

(d) Discipline: approaches to Discipline. Administering the Disciplinary programme.

(e) Grievance Handling: Nature of complaints and grievance. Need for grievance handling Procedure.Grievance settlement and arbitration.

V. FINANCIAL COMPENSATION:

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Syllabus of M.Com (a) Compensation Administration.

Rational of financial Compensation. Wage Criteria. WagePolicies and Principles. Compensation for professionals.

(b) individual and Group incentives. Direct wage incentive. Types of incentive plan, incentive &labour management cooperation.

VI. LABOUR MANAGEMENT RELATION:(a) Union Management

Union membership and growth. Union organization and function.Union objective and behavior. Impact of union on management.

(b) Collective Bargaining: Nature of Collective bargaining. Structure for collective Bargaining.Subject matter of collective bargaining. Strike and disputeSettlement.

BOOKS RECOMMENDED:1. Dale S. Beach Personal

The Management of People at Work2. Phillip Personal Management3. Pagers and Meyers Personal Administration.

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