Faculty of Commerce, Lucknow University
B.Com. Part-III
(Syllabus)
Paper : Insurance
Law and Accounts
Unit
–I
Introduction to Insurance: Purpose and need of insurance, Insurance as a social
security tool; Insurance and economic
development, Fundamentals/
Principles of Insurance. Contract of Insurance.
Unit
–II
Life Insurance – Principles and practice of life assurance. Life assurance
contract, their nature and characteristics, Parties to
the contract and their rights and
duties. Conditions and terms of policy. Nominations and Assignment Practice in
connection
with collection of premium,
revivals, loans, surrenders, claims, bonuses and annuity payments, Mortality
Table.
Unit
–III
Fire Insurance - The basic principles of Fire Insurance contracts. Fire Policy,
conditions, Assignment of Policy, Claims.
Marine Insurance – General
Principles – Insurable interest and value disclosure Marine Policy and their
conditions, Premium
double insurance: assignment of
policy warranties the voyage, Loss and abandonment: partial losses and
particular charges;
salvage; total losses and measures
of indemnity, Subrogation.
Unit
–IV
Insurance Intermediaries – Agents and Procedure for Becoming and Agent: Pre
requisite for obtaining a license: Duration of
license; Cancellation of license,
Revocation of suspension/ termination of agent appointment; Code of conduct;
Unfair
practices, Insurance Accounts –
Life Insurance and General Insurance Company.
Books
Recommended:
1. Young – Insurance
2. S.K. Shukla & Ram Milan –
Insurance Law & Accounts (Hindi & English)
3. Huebner – Life Insurance
4.
Somesh Shukla, Sudhir Kumar Shukla & Mehrukh Mirza Beema Vidhi Avem Khate
5. Maclean – Life Insurance
6. Godwin – Principles and
Practices of Fire Insurance
7. Bal Chand – Bima Ke Prambhik
Prakaran
8. Insurance Act 1938
9. Taylor and Tylor – From
Proposal to Policy.
Paper : Income
Tax Law and Accounts
Unit – I Basic Concepts : Income,
agricultural income, casual income, assessment year previous year, gross total
income, total income
person. Tax evasion, avoidance and
tax planning. Basic of Charge; Scope of total income, residence and tax
liability, income
which does not form part of toal
income. Deduction from Gross total income.
Unit-II Head of the Income:
Salaries; Income from house property; Profit and gains to business or
profession. Capital gains; Income
from other sources.
Unit-III Computations of total
income of an individual, H.UF and firm.
Unit-IV Deemed income: Aggregation
of Income, Set-off and carry forward of losses; Tax Authorities; Assessment
procedures.
Books Recommended:
1. Shukla S.K. – Direct Tax : Laws
and Accounts ( Hindi & English)
2.Singhanai V.K. – Students, Guide
of Income Tax, Taxman, Delhi
3. Prasad, Bhagwati: Income Tax
Law & Practice; Wiley Publication, New Delhi
4. Mehrotra, H.C. – Income Tax Law
& Accounts;
5. Dinker Pagare: Income Tax Law
and Practice; Sultan Chand & Sons, New Delhi
6. Grish Ahuja & Ravi Gupta,
Syustematic approach to income tax, Sahitya Bhawan publication, New Delhi.
Paper :
Contemporary Audit
Unit –I Introduction: Meaning and
objectives of auditing : Types of audit; Internal audit. Audit Process: Audit
programme; Audit and
books; Working papers and
evidences; Consideration for commencing an audit; Routine checking and test
checking. Internal
Check System: Internal Control.
Unit –II Audit Procedure:
Vouching; Verification of assets and liabilities.
Audit of Limited Companies:
Company auditor- Appointment, powers, duties, and liabilities.
Unit –III Auditing Standards –
Appointment, power, duties and liability of Auditor. Broad Outlines of Company
audit and auditor’s
report. Special audit – Banking
companies, Educational Institutions, Insurance companies. Investigation, Audit
of non profit
organisation, Divisible Profit
& Dividend.
Unit –IV Recent Trends in Auditing
– Nature and significance of cost audit; Tax audit, Management audit,
Computerised Audit.
Books Recommended:
1.Spicer and Peglar – Practical
Auditing
2. Batliboi – Principles and
Practice of Auditing
3. Irish – Auditing
4. Depaula, E.R.M. – Principles of
Audit.
Paper : Indian
Economic Structure
Unit –I Nature of Indian Economy,
Features of a developing economy. Characteristics and problems of Indian
Economy.
Objectives of economics planning
in India.
India’s five year plans – Achievements
and failures.
Indian agriculture – Its features
and problems. Agricultural development in planned era.
Green revaluation, Agricultural
marketing, Rural poverty and indebtedness. Rural industrialisation. Rural
Development
programmes. Cooperative movement.
Unit –II Population growth and
population explosion. Population policy and programmes. Problem of
unemployment. Forms of
unemployment. Employment
programmes and poverty alleviation.
Unit –III Large scale, small scale
and cottage industries. Industrial development during five year plans. Public
sectors and private
sector. Industrial relations.
Industrial policy. Industrial Sickness, Industrial finance.
Money Market and Capital Market
structure. Capital Formation, Indian Money Market and Fiscal policies, Deficit
financing
and its implications.
Books and Reports
:
1. Agarwal, A.N. – Indian Economy
2. Datta and Sundaram – Indian
Economy
3. Misra S.K. and Puri V.K. –
Indian Economy
4. Gupta N.S. Industrial Economy
of India
5. Mishra R.P,. – Rural Development
6. Government of India – Five year
plans
7. Government of India – Economy
Survey
8. Reserve Bank of India – Annual
Reports on Currency & Finance. 5
Paper : Macro-
Economics
Unit-I Concept – Definition and
scope of Macro-Economics, Statics and Dynamics, The Circular flow of Income.
The Analysis and Measurement of
Economic Activity – National Income Accounting – Concept and Definitions of
National
Income. Various component of
National Income, Methods of Measurement of National Income and Welfare.
Unit – II The consumption function
– The Keynesion Comsumption Function, Relative Income Hypothesis, Permanent
Income
Hypothesis Multiplier and the
Process of Income – Propagation. The investment function – Autonomous and
Induced
investment. Government and the
Theory of Income Determination – Government Purchases and Income, Taxes and
Equilibrium level of Income, Tax
Multiplier.
Determination of the Equilibrium
Level of Income – The Simple Keynesian Model.
Unit –III Marginal Efficiency of
Capital, Relation between MEC and MEI. The Derivation and Shift in IS and LM
Curves, the
Interaction between IS and LM
Curves. The Acceleration Principle. Theories of Employment – Say’s Law of
Market and
Classical Theory of Employment,
Saving Investment Analysis. An outline of Keynesian Theory of Employment.
Unit-IV Theory of Inflation –
Concepts of Inflation, Inflationary Gaps Demand Pull and Cost Push Inflation.
The Philips Curve,
Effects of Inflation,
Anti-Inflation Policies – Mentary and Fiscal Policies.
Fluctuation and Growth – Hawtrey,
Hayek, Sehumpeter, Samuelson, Hicks.
Theories of population –
Malthusian Theory and Theory of Optimum Population.
Books Recommended:
1. Stonier and Hague – A text –
book of economic theory.
2. Deruburg and Dougal, M.C. –
Macro Economics
3. Acklay, G. Macro Economic.
4. Carl Schapiro – Macro Economic
Theory
5. Jha Raghbendra – Contemporary
Macro-Economic Theory and Policy
6. Hicks JR -A
Optional Paper :
Trade of India
Unit -I Introduction – Trade its
meaning and types. Difference between internal and international trade.
Theories of International
Trade with particular reference to
the theory of comparative cost.
Trade : Terminology and
abbreviations. India’s Internal Trade- Characteristics and Problems. Coastal
trade and trade of Uttar
Pradesh.
Unit-II Foreign Trade of India –
Brief history before independence Recent trends in India’s Foreign Trade.
Composition of Imports
and Exports – Changes during
planning period. Important items of imports and exports.
Unit –III Direction of India’s Foreign
Trade – Changes in Directional pattern during planning period. India’s Major
trading partners.
State trading Organisations,
Financing of India’s foreign trade role of EXIM, Bank ECGC and other
institutions in financing
of foreign trade, STC MMTC.
Unit –IV Trade Policy in India –
General Developments during planning period. Import substitution and Export
promotion. Recent
changes in trade policy, Trade
agreements – Bilateral and Multilateral Trade Agreements. GATT & UNCTAD.
India’s Balance of Trade and Balance
of Payments – Trends during planning period. Problems of Bot, BOP and
corrective
measures.
Books Recommended:
1.Bhagwati J. Srinivasan –
T-Foreign Trade regimes and Economics development
2. Plaekar – Trade of India
3. Salvi P.G. – New Directions on
India’s Trade policy.
4. Chereenilam F. – International
Trade Export Manager
5. Singh, M – India’s Export
trends
6. Varshney R.L. – India’s Foreign
Trade
Optional Paper :
Applied & Business Statistics
Unit-I Statistical System in
India- Indian Statistical Machinery – Organisation at Central State level,
National Sample Survey –
Design and Technique.
Agricultural Statistics in India –
Nature of Crop estimates, estimation of Area and yield, Industrial Statistics,
Annual Survey of
Industries.
Statistics of Prices, Wage, Trade
and Transport.
Unit –II Population statistics –
Vital statistics, Computation of birth, death and survival rates. Methods of
population projection.
Population census in India.
Unit –III Analysis of Time series
– Trend Measurement Different Method of Computing Seasonal Indices. Cyclical
and Irregular-
Fluctuations.
Unit –IV National Income
Statistics: Methods of Measuring National Income and Related Aggregates.
Statistical Quality Control
Construction and uses of control
charts,
Business forecasting – Tools and
methods;
Pareto and Lorenz curves;
Construction of Life Tables.
Books Recommended
1. Elhance, D.N. : Indian
Statistics
2. Gupta, S.P. : Statistical
Methods
3. C.B. Gupta – Statistical
Methods
4. Asthana and Srivastava –
Applied Statistics in India
5. Irving Fisher- Making of Index
Number
6. Abrar Anjum – Applied and
Business Statistics.
Optional Paper :
Law and Practice of Banking
Unit-I The Ordinary, practice of
bankers with regard to the opening and conduct of banking accounts, closing of
accounts.
Banker and customer – General and
special relations.
Unit –II Law relating to cheques,
bill of exchange and other negotiable instruments.
Discounting of Bill of Exchange,
the practice relating to cheques bills of exchange and other negotiable
instruments.
Unit –III Banker’s credit, advance
and overdrafts
Traveller cheque, letter of
credit, confirmed bankers credit, unconfirmed bankers credit, acceptance
credits and documentary
credit.
Unit –IV Revolving credit,
banker’s advance against marketable securities, goods & produce, debentures
and life insurance policies.
Unsecured advances – guarantees,
precautions/ duties of Banker.
Books Recommended:
1. Sheldom – Practice of Banking
2. Tannan – Law & Practice of
Indian Banking
3. Ghosh, Bimal – Introduction to
Principles, Practice and Law of Banking
4. Guru Datt – Trends in Indian
Banking – Past and Present
5. Davar – Law & Practice of
BankingAbrar Anjum – Applied and Business Statistics.
Optional Paper :
Marketing Management
Unit-I Introduction : Concept of
Marketing, Marketing-mix and its environment variables: Marketing environment ,
Market Segmentation and Targeting.
Unit –II Consumer Behaviour
:Concept, significance and factors influencing consumer behaviour, Buying
Motives,Buying habits,buying process, Consumer-relationship
management,Marketing Research
Unit –III Production Management
&Pricing Decision :Concept of Producton,Product Mix, Product-line and
Product Life- cycle, Postioning, New product development,Brand
Management,Packaging, Concept,nature and scope of product Pricing,Price Policy
considerations,objectives,and strategies of pricing.
Unit –IV Distribution &
Adv Management: Management of Physical
Distribution, Distribution Channel intermediaries, Channel Management Decision,
Organised retailing,Direct Marketing :Internet Marketing, Marketing of
Services,Advertising as amanagement function, objectives, DAGMAR
approach.Advertising media and selection decisions.
Books
Recommended:
1.
Marketing Fundamantals (A Contemporary Insight) by A.Chatterjee, R.K.
Chaturvedi