Principles of Management 1.4 Unit I 1. Management-Meaning, Nature & Significance-Combination of Art & Science, Management as a Profession, Management Vs Administration, Levels of Management-Elements of managerial processes-Styles & Roles of Managers in Organizations. Contributions of Taylor and Fayol, Human Relations & Behavioural Schools-Hawthorne Studies. Unit II 2.Planning-Nature, Process of Planning, Planning and Environmental Uncertainties, Types of Planning, Advantages and Limitations of Planning-Decision Making-Stages in Decision Making. Unit III Nature & Significance of Organization, Authority & Responsibility Relationships-Span of Control, Process of Delegations-Barriers to Delegation, Centralization & Decentralization. Concept of Line & Staff-Overcoming Line-staff conflict, Committees, Co ordination, Organization Structures, Types, Advantages & Disadvantages. Unit IV Staffing, Motivation & Leadership.Scope of Staffing Functions, Theories of Motivation. Theory X, Theory Y, Theory Z. Maslows need hierarchy. Leadership Styles. Unit V Communications of Control, Process of Communication. Verbal & Non Verbal, Barriers to communication, Types, Process, Tools of control, Characteristics of Effective Control System- Human Reaction to control system. Business Mathematics Paper 1.5 Unit I Functions : Introductions, Concepts, types of functions-Linear, Quadratic, Polynmial, Exponential & Log. Special types of functions, Functions related to Business & Economics Interest: Simple & Compund, Discounts, Annunity, Present Value Concepts. Theory of indices: Laws, Negative & Fractional Indices, Arithmetic, Geometric & Harmonic Progression applications. Unit II Theory of Sets: Introduction: Set theory definition, types of sets: Universal Power, Super, Equal Sets & Venn Diagrams. Set Operations: Union of two sets, Intersection of two sets, Complement of sets, Difference of two sets. Theorems: Associative, DistributiveDe Morgan's Law,-Set relations & applications. Relations & Functions-ordered pairs-Cartesian Products-Number of Elements- Permutation & Combinations. Unit III Differentiation: Introduction-Concept of Derivatives-Physical & Geometrical Meaning-Increasing & Decreasing Functions-Maxima-Minima, Applications of Differentiations, Partial Derivative-Total Differentiation-Second Orders Partial Derivatives, Applications & Partial Differentiations. Unit IV Concept of Integration Introduction- Fundamental Formulate - Properties - Method of Integration, Substitution Methods, Simple Applications. Vectors: Equality-Difference-Inequality-Special Vectors-Linear Dependence of Vectors Unit V Matrix Algebra: Introduction-Definition-Symbol, Order of a Matrix-Row Column Matrix-Operations of Matrices,-Matrix Multiplication-Determinant of Matrix-Inverse of a Matrix-Applications of Matrix, Systems of Linear Equation and their solutions using matrices. Business Economics & Entreprenurial Development - Paper 1.6 Objective: This course is meant to sensitize the students about the rationale and the principles of business economics as are applicable to business problems. Unit I Business Economics: Basic Concepts, Precepts & Economics Rationale of Optimization: Nature & Scope of Business Economics. Basic problems of an economy, Basic Concepts & Percepts: Marginalism, Equimarginalism, Opportunity Cost, Time Perspective, DIscounting, Risk & Uncertainity, Effeciency, Externality & Trade Off. Optimization-Constrained & Unconstrained Optimization, Economics of Information. Unit II Utility & Demand Analysis: Theory of Utility, Utility & Demand Curve, Consumer Surplus. Determinates of Demand. Different concepts of Demand. Concepts of Elasticity, Relationship between price elasticity and revenue. Demand Forecasting-Forecasting Methods. Unit III Production, Cost & Supply Analyses: Production Function, short run and long run production function. The law of diminishing returns and returns to sale. The relationship between production & cost. Variables, Fixed Cost & other cost concepts / least cost input combination. Economies of Sale and Scope. The experience curve, concept of supply, supply curve. Conditions of supply, elasticity of supply. Unit IV Analyses of Market Structure and Price Determination: Short run and long run price determination under perfect monopoly, monopolistic, oligopoly markets. Critique of pricing under various market structures. Pricing strategies and practices. Unit V Entrepreneur & Entrepreneural Development: Concept of entrepreneur, characterisitcs & functions of entrepreneur, Entrepreneur & Manager, Concept of Entreneurship-Function,growth & Problems; Role of entrepreneurship in economical development, Entrepreneurial Mindset, motivation & compentencies, Developing Entrepreneurship, Role of Government. Financial Accounting - Paper 1.7
Unit I Financial Accounting-Origin, growth, meaning, definition, objectives, functions, limitations; users of accounting information; financial accounting-science or art; book keeping versus Financial Accounting, accounting versus accountancy; branches of accounting-classification of expenditure-Basics of accounting-terms used in financial accounting-assets, liabilities, capital, equity, debtors, creditors, bills of exchanges, revenue, income, expense, expenditure, profit and loss account; Double entry system of accounting and its advantages; types of accounts, rules of accounting, accounting equation; accounting concepts, conventions;accounting standards. Unit II Journal, Journalizing, types of journal entries-Simple, compound, opening and closing entries; books of prime entry,; subsidiary books, cash book, posting simple cash book, two columnar cashbook, three columnar cash book, petty cash book, Purchase Book, Purchase Returns Book, Sales book, Sales Returns Book, Bills Receivable book, Bills Payable Book, Bank Reconciliation Statement. Unit III Ledger, Ledger Account, Difference between Journal & Ledger; Ledger posting, balancing; Preparation of trial balance; types of errors and their rectification; capital profit versus revenue profit, capital loss versus revenue loss; Provisions and reserves; secret reserve, general reserve, specific reserve; Adhustment; Final accounts of sole proprietorships-trading account, profit & loss account, horizontal form of balance sheet. Unit IV Joint Stock Company-Definition, Characteristics, types of companies, steps in formation of company; Shares, Share Capital, rights shares, bonus shares; Accounting entries with respect to -issue shares of premium or at discount, calls in advance, calls in arrears, forfeiture, surrender, reissue; Debentures, accounting entries with respect to issue of debentures; Company final accounts; Adjustments in company final accounts. Unit V Joint Stock Company-Definition, Characteristics, types of companies, steps in formation of company; Shares, Share Capital, rights shares, bonus shares; Accounting entries with respect to -issue shares of premium or at discount, calls in advance, calls in arrears, forfeiture, surrender, reissue; Debentures, accounting entries with respect to issue of debentures; Company final accounts; Adjustments in company final accounts. Depreciation,-Definition, causes, need for providing depreciation; depreciable assets, methods of recording depreciation, depreciation methods-straight line method, diminishing balance method, sum of years digits method, annuity method, depreciation fund method insurance policy method machine hour rate method, revaluation method, depletion method; Inventory systems-periodic system, perpetual system; Inventory Valuation methods- FIFO, LIFO, Simple average, weight avaerage method.
UNIT-I Introduction Concept, Nature, Process, And Significance of Management; Managerial Levels, Roles, And Skills; Development of Management Thought; Classical and Neo-Classical Systems; Emphasis
UNIT-I Introduction Concept, Nature, Process, And Significance of Management; Managerial Levels, Roles, And Skills; Development of Management Thought; Classical and Neo-Classical Systems; Emphasis
