B.Com. Part-III (Syllabus)

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