JAI HIND COLLEGE

BASANTSING INSTITUTE OF SCIENCE

&
J.T.LALVANI COLLEGE OF COMMERCE
(AUTONOMOUS)
"A" Road, Churchgate, Mumbai - 400 020, India.

Affiliated to
University of Mumbai

Program: B.Com
Proposed Course: Accountancy and Finance
Credit Based Semester and Grading System (CBGS) with effect
from the academic year 2019-20

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 SYBAF SEMESTER III

Academic year 2019-2020

Semester III

Course Lectures
Course Title Credits
Code /Week

CBAF301 Business Law I 3 4

Information Technology in Accounting &
CBAF302 Finance 3 4

E-commerce
CBAF303 3 4

Financial Accounting-III
CBAF304 4 4
Indirect Taxation (GST)
CBAF305 4 4
Equity investments- I
CBAF306 4 4
Corporate Finance-I
CBAF307 4 4

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 Semester III

Course
Code BUSINESS LAW I 3 Credits
CBAF301

THEORY 60 lectures

Objectives:
This course intends to make the students familiar with the essential
laws governing various sectors of our economy.
Outcomes:
To provide exposure to the students about Business Law

To provide them with the fundamental knowledge of the use of

Law

To understand the various concepts & Acts governing the Indian

Judiciary System

Sub Unit Unit – I: Indian Contract Act 20 lectures

1.  Indian Contract Act 1872

 Definitions (S.2): Agreement, kinds of Agreements,
Contract- kinds of contracts: Valid, Void, Voidable,
Contingent and Quasi Contract and E-contract,
 Distinguish between Agreement and Contract.
 Offer or Proposal- definition, Essentials of Valid proposal
or offer, counteroffer, Standing or open offer, distinguish
between offer and invitation to offer, Acceptance-
definition, Essentials of a valid acceptance, Promise,
Communication of Offer and acceptance and Revocation.
 Capacity to contract (Ss.10-12), Consent and Free Consent
(Ss.13-22)
 Consideration (S.2 and 25) and Void Agreements (Ss.24-
30)
Unit – II: Special Contracts 10 lectures

1.  Law of Indemnity and Guarantee (Ss.124-125, Ss-126-

129,132-147
 Law of Bailment and pledge (Ss. (Secs148,152-154,162,
172,178,178A and179)
 Law of Agency (S. 182-185& 201-209only)
Unit – III: Other Acts 20 lectures

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1.  Benami Act
 Insolvency & Bankruptcy Code
 Sale of goods Act
Unit – IV: Negotiable Instrument Act 1881 10 lectures

 Definition of Negotiable Instruments

 Features of Negotiable Instruments
 Promissory Note
 Bill of Exchange and Cheque
 Holder and Holder in due Course
 Crossing of a Cheque
 Types of Crossing
 Dishonour and Discharge of Negotiable Instruments
Textbooks:

Additional References:

Indian Contract Act , Sale of Goods Act and Partnership Act –

Desai T R – S C – Sarkar and sons

The Negotiable Instruments Act – Khergamwala J S – N M

Tripathy

The Principles of Mercantile Law – Singh Avtar – Eastern Books

Co.

T P Ghosh on Companies Act 2013: T P Ghosh: Taxmann

E Book by ICAI on Companies Act 2013

E Book by Institute of Company Secretaries of India

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

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Course
Information Technology in Accounting and Finance
Code
(Credits: 03 Lectures / Week :04)
CBAF02
Objectives:
This course intends to make the students familiar with the essential contrivances
for steering business transactions through the various resources of information
technology. As a prerequisite, the students should be having a basic knowledge
about computers, networks and information technology.

Outcomes:
To provide exposure to the students about information technology, networks and
MS Office.
To provide them with the fundamental knowledge of the use of computers in
business.
To understand the various concepts of information technology.
To understand the methodology for online business dealing, using e-commerce.

Networking 10 L
Data Communication, Components, Introduction and types Network
Unit I (LAN , MAN, WAN), Network Topologies (Star, Bus, Ring, Tree,
Mesh, Wireless mesh, Network Structure, Network Media, Satellite
Communication, Network hardware
Office Productivity Tools I 10 L
MS Word: Creating, Editing, Formatting and Printing of Documents,
Unit II Using
Tools, Mail Merge, Macros and Print Review and Set-up
Power Point: Create Slides, Insert Image, Shapes, Smart Art, Chart,
Animation, Page Designing, Slide Transition, View Page, Print Review
and Set-up.
Office Productivity Tools II 10 L
MS Excel: Creating Worksheet, Creating Various Formulae, Functions,
Creating Charts, Rename and Copy of Worksheets, Using Tools,
Unit III Printing Review and Set-up

Graphic Designing 15 L
Unit IV Coral Draw: Getting to know the workspace and fonts, Using the
toolbox,
Applying color and Tone Effects,
Drawing objects like circle, Arc, Pie shapes, rectangles square polygon
and star and editing them.
Creating a greeting card, Letterhead and data merge,
Creating a three-panel brochure for a Business, Business Card,
Making Branded Logos,
Create own logo,
Create Packaging etc.

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Additional References:
 James A O’Brien, George M Marakas& Ramesh Behl; “Management Information
Systems”, Tata McGraw Hill Education Private Limited,Nineth Edition, (2010).
 C.S.V.Murthy; “Management Information Systems”, Himalaya Publishing House,
(2016).
 Joan Lambert and Curtis Frye; “MS Office, Step by Step’’, Microsoft press, (2016).
 C.S.V.Murthy; “E-Commerce”, Himalaya Publishing House, (2016).

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

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Course
Foundation Course III ( E- Commerce )
Code
(Credits: 03 Lectures / Week :04)
CBAF03
Objectives:

This paper intends to make the students familiar with the required mechanisms for
conducting business transactions through electronic means. As a prerequisite, the
students should be having a basic knowledge about computers, networks and
information technology.

Outcomes:

 To provide exposure to the students about information technology,

networks and internet
 To provide them with the fundamental knowledge of the use of computers
in business.
 To understand the various concepts of e-commerce.

Introduction to E-Commerce 10 L

Unit I Defining Commerce; Main Activities of Electronic Commerce; Benefits

of E-Commerce; Broad Goals of Electronic Commerce; Main
Components of E-Commerce; Functions of Electronic Commerce –
Communication, Process Management, Service Management,
Transaction Capabilities; Process of E-Commerce; Types of E-
Commerce; Role of Internet and Web in E-Commerce; Technologies
Used; E-Commerce Systems; Pre-requisites of E-Commerce; Scope of
E-Commerce; E-Business Models.

E-Commerce Activities 10 L

Unit II Various Activities of E-Commerce; Various Modes of Operation

Associated with E-Commerce; Matrix of E-Commerce Types; Elements
and Resources Impacting E-Commerce and Changes; Types of E-
Commerce Providers and Vendors; Man Power Associated with E-
Commerce Activities; Opportunity Development for E-Commerce
Stages; Development of E-Commerce Business Case; Components and
Factors for the Development of the Business Case; Steps to Design and
Develop an E-Commerce Website.
E-Marketing: Traditional Marketing& Digital Marketing 10 L

E-Marketing; Identifying Web Presence Goals – Achieving web

Unit III presence goals, Uniqueness of the web, Meeting the needs of website
visitors, Site Adhesion: Content, format and access; Maintaining a
Website; Metrics Defining Internet Units of Measurement; Online
Marketing; SEO’s SEM’s Social Media Marketing.
Latest Trends of Ecommerce in Accounting and Finance

Implementation of E-comm and security 15 L

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Unit IV
WWW.EBAY.COM - B2C Website – Registration, Time factor, Bidding
process, Growth of eBay; PayPal – New Trend in Making Payments
Online; National Electronic Funds Transfer. Security on the Internet;
Network and Website Security Risks – Denial-of-Service attacks,
Viruses, Unauthorized access to a computer network; Vulnerability of
Internet Sites; Network and Website Security – Transaction security and
data protection, Security audits and penetration testing

Additional References:

 Kenneth C. Laudon, E-Commerce : Business, Technology, Society, 4th Edition

 Pearson S. J. Joseph, E-Commerce: an Indian perspective, PHI

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

8
Course
Code
FINANCIAL ACCOUNTING III 4 Credits
CBAF304

PRACTICAL 60 lectures

Objectives:
This course intends to make the students familiar with the
essentials of accounting in a partnership concern.
Outcomes:
To provide exposure to the students about Various types of
accounts under partnership

To provide them with the fundamental knowledge of winding up a

partnership business

To understand the various amalgamating a partnership concern.

Sub Unit Unit – I: Partnership Final Accounts 5 lectures

Unit – II: Piecemeal Distribution of Cash 15 lectures

1. a) Excess Capital Method

2. a) Asset taken over by a partner

3. a) Treatment of past profits or past losses in the Balance sheet

4. a) Contingent liabilities/ Realization expenses/amount kept

aside for expenses and adjustment of actual

5. a) Treatment of secured liabilities

6. a) Treatment of preferential liabilities like Govt. dues / Labour

dues etc

Unit – III: Amalgamation of Firms 20 lectures

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 1. a) Realization method only

2. a) Calculation of purchase consideration

3. a) Journal/ledger accounts of old firms

4. a) Preparing Balance sheet of new firm

5. a) Adjustment of goodwill in the new firm

6. a) Realignment of capitals in the new firm by current

accounts / cash or a combination thereof

Unit – IV: Conversion / Sale of a Partnership Firm into a Ltd. 20 lectures

Company& LLP

1. a) Realisation method only

2. a) Calculation of New Purchase consideration, Journal /

Ledger Accounts of old firms

3. a) Preparing Balance sheet of new company

Textbooks:

Additional References ;

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

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Course
Code
04 Credits
INDIRECT TAX
CBAF305

PRACTICAL 60 lectures

Objectives:
This course intends to make the students familiar with the indirect
taxation system in India.
Outcomes:
To provide exposure to the students about integrities of indirect
tax
To provide them with the fundamental knowledge on filing of
GST
To understand the various concepts of taxation
Sub 10 lectures
Unit Unit – I: Introduction to Indirect Taxation and GST

1. Basics for Taxation - Direct Taxes and Indirect Taxes – Features of

Indirect taxes, Difference, Advantages and Disadvantages, Sources
and Authority of Taxes in India (Art 246 of the Indian
Constitution)
2. Introduction to GST – Genesis of GST in India, Power to tax GST
(Constitutional Provisions), Extent and Commencement, Meaning
and Definition of GST, Benefits of GST, Conceptual Framework –
CGST, IGST,SGST,UTGST, Imports of goods or services or both,
Export of goods or services or both, Taxes subsumed and not
subsumed under GST. GST Council and GST Network Definitions
under CGST Act
12 lectures
Unit – II: Levy and Collection of GST

1. Charge of GST, Levy and Collection GST, Composite and Mixed

Supplies under GST, Power to Grant Exemption, Negative list of
GST, GST Rate Schedule for Goods and Services

10 lectures
Unit – III: Concept of Supply&Documentation

1. Taxable Event Supply Place of Supply Time of Supply

Value of Supply

Tax Invoices, Credit and Debit notes

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 28
Unit – IV: Registration &Input Tax Credit and Computation lectures
of GST

1. a) Eligibility and conditions for taking Input Tax Credit

Apportionment of credit & Blocked credits Credit in special
circumstances Computation of GST under Inter State
supplies and Intra State Supplies
b) Registration – Persons liable for Registration, Persons not
liable for Registration, Procedure for Registration, Deemed
Registration,, Amendment, Cancellation and Revocation of
Registration.
Textbooks:
Additional References:
 Indirect Taxes: Law and Practice by V.S. Datey, Taxmann
 Indirect Taxes by V.S. Balchandra, Sultan Chand and Sons,
New Delhi
 GST Law & practice with Customs & FTP by V.S. Datey,
Taxmann
 GST by V.S. Datey, Taxmann
 GST & customs Law by K.M. Bansal, University Edition
 GST Law & practice with Customs & FTP by Vineet
Sodhani, Snow White Publication
Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

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Course
Code Equity Investments I (Credits: 04 Lectures / Week :04)
CBAF06

Objectives:
The course examines capital markets and fundamental quantitative models used in
securities analysis and portfolio management. Focus is on capital markets and
instruments,

Outcomes:
Students are exposed to the framework of modern portfolio theory and investment
analysis with which one can critically evaluate alternatives relating to investing in
financial securities and construct portfolios with desired risk/return characteristics.
Management Principles and Practices 15 L

Unit I Introduction to Management –Theory and Practices, Systems Approach

to Management. Functions of Management. Management of Stock
Exchanges in India – Evolution, – Regulation and Supervision – Role of
SEBI – Membership, Listing, Types of Exchanges – National, Regional,
Local. Social Responsibility of Exchanges Corporate Governance and
Stock Exchange Management of Mutual Funds. Study of functions of
BSE and NSE Role of RBI as controller of Money Market

Market of New Issues 15 L

1. Market of new issues – Need for floating capital – Public Offer
Unit II Private Placement – Rights Issue – Equity and Debt – Recent trends in
public issues. 2. Mutual Funds – Concept and Classification – Growth
and Importance – SEBI guidelines – Performance of listed schemes –
Performance of Open-ended schemes. 3. Merchant Banking –Concept –
New Issue Management and allied functions – Merchant Banking in
India – Regulation of merchant Banking in India – Pre issue
Management – Post Issue Management – Mergers, Amalgamations and
Takeovers. 4. Venture Capital – Nature and Scope – Venture Capital in
India –– Venture Capital Firms – Study of Venture Capital funds of
IDBI and SIDBI. 5. NRIs and FIIs – Concept – Investment Portfolio –
Role of Foreign Investment – Foreign Direct Investment- Collaboration
– Guidelines of Government of India for FIIs. 6. Analysis of Financial
statement – Need for following International Standards of Accounting.

Secondary Markets I 15 L
Trading in Security – Securities Contract Regulation Act, 1956 –FEMA
2. Instruments of Trading – Need for planning and development for
Unit III financial instruments – Government and Corporate Securities. 3. Trading
Methods – Trading Ring, On-line Trading and Carry Forward Systems –
Risk management – Investor Protection. 4. Government Securities
Market – Government Debt Instruments – Short Term and Long Term
Instruments – Trading in Debt Instruments – Gilt Edged Market.

Secondary Markets II 15 L
Unit IV 5. Securities Market Indicators – Sensex – Study of fixation of indices.

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 6. Interest rates – Role of Interest rates in determining value of security –
Interest rates and its influence on money market and capital market. 7.
Indian Depository System – Need – Paperless Trading – Benefits – Need
for educating investors 8. Derivatives trading in stock markets, NIFTY
Futures and Options

Additional References:
 Jordan/Miller/Dolvin. Selected Chapters from Fundamentals of Investments, 6th
Edition, McGraw-Hill Irwin.

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

14
Course
Code Corporate Finance (Credits: 04 Lectures / Week :04)
CBAF07

Objectives:
The course develops theoretical framework for understanding and analysing major
financial problems of modern company in market environment. The course covers
basic models of valuation of corporate capital, including pricing models for
primary financial assets, real assets valuation and investment projects analysis,
capital structure and various types of corporate capital employed, derivative assets
and contingent claims on assets.

Outcomes:
It provides necessary knowledge in evaluating different management decisions and
its influence on corporate performance and value

It provides necessary knowledge in evaluating different management decisions and

their influence on corporate performance and value. The course requires the
knowledge in micro and macroeconomics, accounting and banking.

Financial Decisions 10 L
Cost of Capital:
Unit I  Introduction and Definition of Cost of Capital
 Measurement of Cost of Capital
 Measurement of WACC using book value and market
value method.
 Measuring Marginal Cost of Capital
Capital Structure Decisions:
 Meaning and Choice of Capital Structure
 Importance of Optimal Capital Structure
 EBIT -EPS Analysis
 Capital Structure Theories
 Dividend Policies (Walter & Gordon)
Discounted Cash Flow (DCF) Analysis 10 L

Unit II  Free cash flow o Discount rates and cost of capital

 Discounted cash flow (DCF)
 Net present value (NPV)
 Sensitivity analysis
 Scenario analysis
 Breakeven analysis
 Value drivers
 Profit margins and operating leverage
 Profitability index

Fixed Income Securities 10 L

 Bond markets and institutions

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Unit III  Valuing risk-free bonds o Bond price-interest rate relation
 Bond arbitrage
 Interest rate sensitivity of bonds (Duration)
 Leverage
 Forward Rates

Valuing Stocks 15 L
Unit IV
 Measuring returns 10
 Equity cost of capital
 Dividend yield o Capital gains
 Dividend discount model
 Cum- and Ex-dividend prices
 Share repurchases
 Price-Earnings (P/E) ratio o
 Return on investment
 Enterprise value
 Comparable anlaysis

Additional References:
 McGraw Hill. 2000
 Ross S., R.Westerfield, J.Jaffe. Corporate Finance. Fifth Edition. IRWIN-McGraw-Hill.
 Copeland T. and Weston J.: Financial Theory and Corporate Policy. 1998
 Damodaran A. Applied Corporate Finance. Wiley&Sons. 1999
 Trigeorgis L. Real options. Managerial Flexibility and Strategy in Resource
Allocation.The MIT Press. Cambridge. 1999

Evaluation Scheme

Evaluation scheme for Theory courses

I. Continuous Assessment ( C.A.) - 40 Marks
Project/ assignment/ presentation/test
II. Semester End Examination ( SEE)- 60 Marks

16