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SYLLABUS OF M. COM (PUNJABI UNIVERSITY, PATIALA)
SEMESTER-I

BUSINESS MANAGEMENT
UNIT-I
Nature and scope of Management, School of Management Thought: Scientific, process, human behavior and social system school; Decision making; creative elements in decision making, Analytical tools to decision making. Function of a manager, planning: concept, objective, significance, process and types; organizing-concept, principles, theories. Organisational Structure: Formal & Informal Organizations, organizational culture.

Motivation: Need, Theories of motivation: need hierarchy; theory X and theory Y, two factor theory, McCleland’s learned need theory.

UNIT-II
Leadership: Concept; Leadership Styles; Theories-trait theory, behavioural theory, Fielder’s contingency theory; Harsey and Blanchard’s situational theory; Managerial grid, Likert’s four system of leadership.
Communication: Concept of two-way communication;
Communication process: Barriers to effective communication; Types of organizational communication; Improving communication; Transactional analysis in Communication.
Controlling: Elements of Management control, Control systems, control Techniques and steps in controlling process. Business Ethics.

CORPORATE FINANCIAL ACCOUNTING
UNIT-I
Development of Accounting Standards; Purpose, Development of International and Indian Accounting Standards, Convergence of Indian Accounting Standards with International Accounting Standards, Indian Accounting Standards 1 & 2, 10, 14, 17, 19, 21, 25 and 26.

Issue, Forfeiture and Reissue of Shares, Final Accounts and Financial statements of companies, Purchase of Business, Liquidation Accounts, Valuation of Shares.

UNIT-II
Amalgamation, Absorption and Reconstructions of Companies, Holding Company Accounts, Corporate Reporting; Objectives, Factors of including Corporate reporting. Reporting practices in India. Accounting for Price Level Changes; Nature and Techniques. Accounting for Human Resources; Need, Model of Valuation, Areas of Corporate Social Performance; Measurement and Public reporting of Corporate Social Performance, value added accounting.

FINANCIAL MANAGEMENT
UNIT-I
Financial Management: Meaning, Scope, and Objectives,
Finance Functions: Investment, Financing and Dividend decisions;
Capital Budgeting: Nature of Investment Decisions, Investment evaluation criteria: Payback period, Accounting rate of return, Net present value, Internal rate of return, Profitability index, Capital Rationing, Capital Budgeting under Risk and Uncertainty.
Cost of Capital: Meaning and Significance, Cost of debt, preference capital, equality capital and retained earning, Weighted average cost of capital; Financial, operating and combined leverage: their measurement and effect on profit.

UNIT-II
Capital Structure: Concept and significance, Theories of Capital, Capital Structure in Practice. Dividend Policy: Forms of dividend, stability in dividend policy, Dividend theories, Dividends policy in practice.

Working Capital: Meaning, significance and types, Factors affecting working capital requirements, Determining working capital needs, working capital management, Sources of working capital, Financing of working capital, Management of Cash, Receivables and Inventories; Mergers and Acquisitions: Reasons and Financial considerations.

BUSINESS ECONOMICS
UNIT-I
Nature and scope of Managerial Economics: Objective of firm; Economic theory; Managerial economist’s role and responsibilities; Fundamental economics concepts: Incremental principle, opportunity cost principle discounting principle, equimarginal principle.

Demand Analysis: Individual and market demand functions; Law of demand, determinants of demand; Theory of Consumer Choice: Cardinal utility approach, indifference approach, Revealed preference and theory of consumer choice under risk.

Demand estimation for major consumer durable and nondurable products; Elasticity of demand: Price elasticity, income elasticity and cross elasticity. Demand forecasting techniques.

Production Theory: Production function: production with one and two variable inputs; Stages of production; Short and longrun cost functions: their nature, shape and inter-relationship; Law of variable proportions; Law of returns to scale.

UNIT-II
Price Determination under different Market Conditions: Characteristics of different market structures; Price determination and firm’s equilibrium in short-run and long-run under perfect competition, monopolistic competition, oligopoly and monopoly.

Price Practices: Methods of price determination in practice; pricing of multiple products; price discrimination; International price discrimination and dumping: Transfer pricing.

Classical, and Keynesian theory of income and employment, Theory of consumption and investment spending, multiplier accelerator interaction; Business Cycles: Nature and phases of a business cycle; Theories of business cycle: Cobweb, Samulson and Hicks Theories; Inflation: Definition, characteristics and types, inflation in term of demand pull and cost push factors, effects of inflation.

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