DEPARTMENT OF COMMERCE

Learning Objective & Course outcome


Of


Financial Accounting ( Core-01)

Aim

This course aims at introducing students the fundamental concept of accounting, recording of financial transaction and preparation of financial statement of a concern. Further it explains maintenance of accounts of hire purchase system and the accounts of partnership firm in case of admission, retirement, death and dissolution of partnership firm.

Objective-

To enable students understand the concept of accounting and functions of accounting.
To enable students how maintain of financial statement of a concern.
To understand about how to maintain each partners capital account and revaluation of assets and liability and preparation of accounts of partnership firm.


Learning Outcome-

The students can explain the recording of business transaction in different books of accounts.
The students able to calculate the amount of interest and principal in case of hire purchase system and maintenance of account by both the parties’ i.e. hire vendor and hire purchaser.
The students can explain the profit sharing ratio of partnership firm in case of admission, retirement, death and dissolution of partnership firm and distribution of goodwill among old partners.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill-The students will aware of knowledge in book keeping and they can understand the financial statement.
II. Practical Skill-The students should able to maintenance of accounts under double entry system and preparation of trial balance and financial statement. Students can able to prepare accounts in hire purchase system.
III. Transferable Skill- The application of concepts, conventions and accounting standards while preparing accounts of business.

Learning Objective & Course outcome


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Business Law ( Core-02)

Aim-

This course aims at impart basis knowledge of the important business legislation. It focuses to enlighten the various acts of India which are used by business in day to day operation.

Objective-

To know about Indian contract Act 1872 and what are the essential provisions.
To enable students the concept of bailment and pledge.
To knowing the various provisions regarding sale of goods Act 1930.
To understand the on various provisions in partnership Act 1932.

Learning Outcome-

The students can explain various types of contract and elements of a valid contract.

They analyse difference between pawnor and pawnee under contract of bailment.
They can explain the rights and duties of an unpaid seller.
The students can explain the rights and duties of partner under partnership Act.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill-The students will aware of mercantile law used in business sector.
II. Practical Skill-They can apply these provisions while facing any legal issue in case of contract, sale, partnership deed, bailment etc.
III.Transferable Skill- While entering into contract or sale they require to fulfill the conditions lay under these Acts.

Learning Objective & Course outcome

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Corporate Accounting ( Core-03)

Aim-

This course help the students to acquire the conceptual knowledge of companies Act and corporate accounting. It will help to learn the techniques of preparing financial statements of companies.

Objective-

To provide the knowledge about companies share, debentures and acquire of capital of companies.
The subject describes the pattern of final accounts of companies.
To provide the knowledge of how to issue shares and debentures of a company.
To provides knowledge on the methods of valuation of shares and goodwill.
It tells the treatment of assets and liabilities at the time of amalgamation.

Learning Outcome-

The students can understand how to write journal entries of issue of shares and debentures.
They know about the final accounts of companies.
The students can explain the various methods of share and goodwill valuation.
The students learn about the concept of sources of redemption of debentures and preference shares.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill-The students can aware of how to raise capital and debt of a company.
II. Practical Skill-The students should able prepare final account of a company and treatment of assets and liabilities in case of either internal or external reconstruction.
III. Transferable Skill- Application of the procedures while recording transactions in the books of account of a company.

Learning Objective & Course outcome

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Corporate Laws( Core-04)

Aim-

The aim of the course to impart basis knowledge of the provisions of companies Act. 2013 and formation and winding up of a company in detail.

Objective-

The main objective of this subject is to provide the knowledge of company, kinds of company and formation of company.
It describes about the memorandum of association (MOA) and the article of association (AOA) of a company.
To acquires knowledge on prospectus and contents of prospectus of a company.
The students will gain knowledge about the procedure of appointment and removal of company director and his power and duties.
The students understand the concept of winding up of a company.

Learning Outcome-

The students can explain the various types of company including one person company.
The students enable to describe the difference between memorandum of association (MOA) and the article of association (AOA)
The students are aware of various contents in prospectus of a company.
The students are able to explain the various committees under the companies Act. 2013

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- The students can well aware of provisions regarding various types of companies in India.
II. Practical Skill- They can apply the concept while forming various resolutions, company report, prospectus, etc.
III. Transferable Skill- The students can apply these provisions where the companies are registered under companies Act. 2013 or any existing law.

Learning Objective & Course outcome

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Human Resource Management ( Core-05)

Aim-

This course aims at introducing students the importance of human resource to an organisation

Objective-

To know about the importance of human resources management in an organisation and the scope of human resource management.
To understand the various types of recruitment, tests, modes of selection and methods of training.
To develop in pupils the understanding of wages their objectives and various modes of payment of wages and incentive plans.

Learning Outcome-

The students can explain the importance of human resource in an organization and the role of personnel manager.
The students can able to know various modes of internal and external sources of recruitment and their advantages and limitations.
The students can able to explain difference between on the job training and off the job training.
The students able to know various types of tests to be conduct to check skill of the employee.
The students gain the knowledge on various methods of payment of wages and incentives

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- How important human resource is to an organization to achieve its common objective.
II. Practical Skill- Apply various incentive plans to increase the efficiency of the employees.
III. Transferable Skill- Utilization of Human resource planning and coordinate function in an organization.

Learning Objective & Course outcome

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Income Tax Law and Practice ( Core-06)

Aim-

This course help the students basic knowledge about direct tax and application of principle and provisions of Income Tax Act. 1961 and the relevant rules.

Objective-

To make aware about provisions of direct tax with regard to IT Act, 1961 and IT Rules, 1962.
To make aware of students about agriculture income, residential status and incidence/charge of tax.
To understand the provisions and procedure to compute total income under five heads of income i.e. salaries, house property, profits & gains from business & profession, capital gains and other sources.
To understand the provision and procedure for clubbing & aggregation of incomes and set-off & carry forward of losses.
To understand the various deductions to be made from gross total income U/s 80-C to 80-U in computing total income.

Learning Outcome-

The students can able to explain the taxable income of an individual and the taxable portion
Able to file IT return on individual basis.
The student can explain incomes which are exempted from tax.
Understand set up and carry forward of losses
Able to understand amendments made from time to time in Finance Act.
Acquire knowledge about e-filling of tax returns of an assessee.
Differentiate between direct and indirect tax assessment.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- The taxation system of India and revenue of government through direct tax.
II. Practical Skill- e-filling of tax returns.
III. Transferable Skill- Apply the provisions while calculating taxable income and tax amount.

Learning Objective & Course outcome

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Management Principles and Applications ( Core-07)

Aim-

This course aims at introducing students to understand the basic management concepts, principles and practice

Objective-

To know the primary function of management and the roles of managers
To enable students evolution of the management thoughts.
To enable students various types of plans and its implementation along with strategic planning.
To understand analysis of different techniques like SWOT, BCG matrix, Competitor analysis etc.

Learning Outcome-

To describe the primary function of management and the roles of managers
To describe the contribution of F.W. Taylor to scientific management, Max Weber and Henry Fayol to the field of bureaucratic management and Elton Mayo to humanistic management.
` The Students can explain how managers align the planning processes with objective of company
Recognize good and poor leadership and importance of employee motivation.
The students can able to explain the methods and need for control within the organization.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- To observe the operation of an organization and frame them conceptually as an aspect of that organisation’s objective
II. Practical Skill- Application of managerial skills at various levels of management.
III. Transferable Skill- Show initiative and leadership abilities, manage and perform prioritize work load

Learning Objective & Course outcome

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Cost Accounting ( Core-08)

Aim-

This course aims at introducing students the fundamental concept cost, cost accounting, methods and techniques of cost accounting.

Objective-

To make aware about the classification of cost and elements of cost
To understand various techniques and methods of cost accounting.
To understand the various aspects of material control and wastage
The students understand the classification of overhead and methods of absorption
To determine the cost in case of job costing, batch costing, contract costing etc.

Learning Outcome-

Define the various components of total cost of a product i.e. direct & indirect cost and fixed & variable cost.
Determine various levels of material i.e. reorder level, minimum level, maximum level & EOQ for managing working capital.
Use methods of time-keeping & time-booking and manage idle & overtime.
Use cost-sheet to compute unit cost of product.
The students enable to compute labour cost per unit and distribution of overhead.
The student enable to compute the cost of a particular job and also able to find out cost per unit of a product.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- price determination of a product after row material converted into finished product.
II. Practical Skill- Calculation of cost of a product to set the selling price
III. Transferable Skill- Applying various methods of costing for calculation of cost.

Learning Objective & Course outcome

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Business Mathematics ( Core-09)

Aim-

This course aims at introducing students the basic mathematical tools with the emphasis on application to business and economic situation.

Objective-

Understanding basic terms in the areas of business calculus and financial mathematics. Independently solving of business problems.
Use percentages, ratios, and proportions for business applications such as discounts, markups, and markdowns, and be able to differentiate which math methods should be used for different problems.
Use simple and compound interest to do business calculations such as value of money, maturity value, promissory notes, present value, and future value and be able to differentiate which math method should be used for different problems.
Use business statistics for central measurements, frequency distributions, graphs, and measure of dispersion and be able to select which math method should be used for different problems.

Learning Outcome-

The students enable to define basic terms in the areas of business calculus and financial mathematics.
Able to explain basic methods of business calculus, types and methods of interest account and their basic applications in practice.
The students can solve problems in the areas of business calculus, simple and compound interest account, use of compound interest account, loan and consumer credit.
Discern effects of various types and methods of interest account.
Connect acquired knowledge and skills with practical problems in economic practice.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill-.turning the real problems into mathematical problems
II. Practical Skill-Calculation of rate of interest and amount of interest in case of loan payment or of recurring deposit schemes and determine the net present value of a project
III. Transferable Skill- application of annuity in the field of loan, recurring deposits etc

Learning Objective & Course outcome

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Computer Application in Business ( Core-10)

Aim-

This course aims at introducing students the computer skills and knowledge for commerce students and to enhance the students understands of usefulness of information technology tools for business operations..

Objective-

To enable the students use of computer software in business operation.
To learn application of MS office tools i.e. MS word, MS excel MS presentation etc. in business activities.
Use of database management system software in the areas of accounting, inventory, HRM and its accounting managing the data records of employees, suppliers and customers.

Learning Outcome-

The students can use computer skills in business activities. The students understand application of MS word to frame different official orders and letters etc. The students understand application of MS excel sheet in organizing charts and graphs, designing payroll. Able to explain charts, graphs and tables etc of overhead distribution, project cost through power point presentation

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- Use of computer skill and knowledge in commerce II. Practical Skill- Application of MS office and DBMS software in business III. Transferable Skill- Create, evaluate and assess options, in a range of business solutions, applying concepts and knowledge appropriately.

Learning Objective & Course outcome

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Principles of Marketing ( Core-11)

Aim-

The course aims at to provide the basic knowledge of concepts, principles, tools and techniques of marketing.

Objective-

To Understand the place and contribution of marketing to the business enterprise.
Identify the major basis of market segmentation.
To understand the product life cycle.
To know the factors affecting pricing objectives.
To understand the concept of advertisement how this effects the buying habits of consumers.
To understand how the products and services distributed effectively
To understand how to promote sale.

Learning Outcome-

The students able to understand formulate marketing plan including marketing objectives, marketing mix, strategies, budgetary considerations and evaluation criteria.
The students can identify how consumer behaves differently.
The students can explain how product passed from different stages
The student understand different methods of sale promotion.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- read the need and satisfaction of costumer.
II. Practical Skill-The students should able to analyse the market position and develop the product according the need of the market.
III. Transferable Skill- Application of marketing strategy to develop new product.

Learning Objective & Course outcome

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Fundamentals of Financial Management ( Core-12)

Aim-

This course aims at introducing the basic areas of application of financial management, investment risk and return and debt and equity risk of a organization.

Objective-

To develop the knowledge of business finance and financial management decision.
To understand efficient and acquisition and allocation of funds.
To develop the idea on capital structure of an organization.
To understand different techniques of capital budgeting.
To enable an awareness of the global environment in which financial management operate.

Learning Outcome-

Demonstrate a basic understanding of financial management.
Use business finance terms and concepts when communicating
Explain the short term and long term sources of finance.
Demonstrate accept or reject an investment proposal through determining Net Present Value of an investment proposal.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- taking financial decision efficiently
II. Practical Skill- calculation of present value of a project, internal rate of return of a investment proposal, capital structure of a successful organisation.
III. Transferable Skill- Application of various tools of capital budgeting while investing in a project

Learning Objective & Course outcome

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Auditing and Corporate Governance ( Core-13)

Aim-

This course aims at introducing students the fundamental concept auditing, procedure and techniques in accordance with current legal requirements and professional standards and to give an overview of the corporate governance and Corporate social responsibility.

Objective-

The students will aware of the procedure to verification of books of accounts
Students will learn to determine the appropriate audit report for a given audit situation.
Students will learn to explain the methods used to obtain an understanding internal control
Student will learn the responsibility of corporate sector towards the society.

Learning Outcome-

Student will understand the audit process from the engagement planning stage through completion of the audit, as well as the tendering of an audit opinion via various report options.
The students will understand the qualification, appointment and removal of an auditor.
The student will able to describe "legal liabilities, and able to apply case law in making a judgment whether auditors might be liable to certain parties.
The students will understand process of internal audit and external audit including the professional standards applicable to the internal audit profession.
The can express corporate social responsibility.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- Role of an auditor to bring true and fair view of financial statement and application of good governance
II. Practical Skill- Using various methods verification of books of account with the help of proper evidence and preparation of audit report.
III. Transferable Skill- to help a company be as accurate and honest as they can and to help that company improves their practices for the future.

Learning Objective & Course outcome

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Indirect Tax Laws ( Core-14)

Aim-

The course aims at introducing the students basic provisions of indirect tax system in India which includes the GST Act 2017.

Objective-

To enable students understanding the basic concepts GST.
To enable students levy and collection tax along with the persons liable to pay GST.
To enable students person liable for registration and the procedures of registration under GST.
To enable the concept of custom law and types of duties applicable.

Learning Outcome-

The students can explain fundamentals of GST.
The students can able to explain about CGST, SCGT, IGST, and UTGST.
Student can explain the GST structure and list of exempted goods under GST.
The student can demonstrate computation of taxable value and tax liability on transaction value.
The students can explain various forms used under GST registration.
Use of custom Act 1962 and custom tariff Act 1975 while import goods and services.

After successful completion of the programme students should able to demonstrate
I. Intellectual Skill- the indirect taxation system as a source of revenue to government.
II. Practical Skill-Calculation of value of tax on goods and services consumed and the amount of tax to pay to import goods and services.
III. Transferable Skill- utilization of indirect tax provisions calculating tax on transaction value