Tuesday, February 10, 2009
what it takes! scoring basics
In a sprint or for that matter a marathon the winner is not way ahead of others. Differences are in seconds in a sprint and minutes in marathon. Similarly in optional incl commerce most of the serious candidates get atleast 80 or so correct . Nearly all have no clue about atleast 8-10 questions. So it is your ability to get most of the remaining 30 right that will set you up in contention for mains. Other way round it is those bit tricky ones which matter. All said tell me how to strike the right one for these 30. Well for start you should be updated with all latest developments in commerce and accounts. Say all latest accounting standards, latest amendments in company law, latest developments in capital market say P-Notes,escrow accounts,currency futures exchange set up,various types of mutual funds,options eg greenshoe, read annual report of atleast one listed company to know about disclosures made, do a bit of human resource accounting and inflation accounting, be one up on corporate social responsibility. These areas will take no more than a day or two to cover but will add gilt to your armour. Will update about the grey area and parahenlia coverage in coming days.
Monday, February 9, 2009
Accounting Standard List (Remember Names and Number)
AS 1
Disclosure of Accounting Principles
AS 2
Valuation of Inventories
AS 3
Cash Flow Statements
AS 4
Contingencies and Events Occurring After the Balance Sheet Date
AS 5
Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
AS 6
Depreciation Accounting
AS 7 (Revised)
Construction Contracts
AS 8
Accounting for Research and Development
AS 9
Revenue Recognition
AS 10
Accounting for Fixed Assets
AS 11 (Revised 2003)
The Effects Of Changes In Foreign Exchange Rates
AS 12
Accounting for Government Grants
AS 13
Accounting for Investments
AS 14
Accounting for Amalgamations
AS 15(Revised 2005)
Employee Retirement Benefits [click here for related announcement]
AS 16
Borrowing Costs
AS 17
Segment Reporting
AS 18
Related Party Disclosures
AS 19
Leases
AS 20
Earnings Per Share
AS 21
Consolidated Financial Statements
AS 22
Accounting for taxes on income
AS 23
Accounting for Investments in Associates in Consolidated Financial Statements
AS 24
Discontinuing Operations
AS 25
Interim Financial Reporting
AS 26
Intangible Assets
AS 27
Financial Reporting of Interests in Joint Ventures
AS 28
Impairment of Assets
AS 29
Provisions, Contingent Liabilities and Contingent Assets
AS 30
Financial Instruments: Recognition and Measurement
AS 31
Financial Instruments: Presentation
AS 32
Financial Instruments: Disclosures
Disclosure of Accounting Principles
AS 2
Valuation of Inventories
AS 3
Cash Flow Statements
AS 4
Contingencies and Events Occurring After the Balance Sheet Date
AS 5
Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
AS 6
Depreciation Accounting
AS 7 (Revised)
Construction Contracts
AS 8
Accounting for Research and Development
AS 9
Revenue Recognition
AS 10
Accounting for Fixed Assets
AS 11 (Revised 2003)
The Effects Of Changes In Foreign Exchange Rates
AS 12
Accounting for Government Grants
AS 13
Accounting for Investments
AS 14
Accounting for Amalgamations
AS 15(Revised 2005)
Employee Retirement Benefits [click here for related announcement]
AS 16
Borrowing Costs
AS 17
Segment Reporting
AS 18
Related Party Disclosures
AS 19
Leases
AS 20
Earnings Per Share
AS 21
Consolidated Financial Statements
AS 22
Accounting for taxes on income
AS 23
Accounting for Investments in Associates in Consolidated Financial Statements
AS 24
Discontinuing Operations
AS 25
Interim Financial Reporting
AS 26
Intangible Assets
AS 27
Financial Reporting of Interests in Joint Ventures
AS 28
Impairment of Assets
AS 29
Provisions, Contingent Liabilities and Contingent Assets
AS 30
Financial Instruments: Recognition and Measurement
AS 31
Financial Instruments: Presentation
AS 32
Financial Instruments: Disclosures
Strategy Commerce optional GS
Weak GS is a problem confronting most of Commerce background candidates and GS is vast .This is mainlly as History , geography ,science ,current affairs ,polity and quantitative eat away all the questions leaving a miniscule for economics realted questions.
Solution lies in targetting a high score in optional say 105 +. Yes you can do it. This will enable even a score as 70 in GS to help you sail through. This calculation was good till negative marking did not come into play.Post Negative marking era.Ideal GS and commerce 90 marks each taking total to 315.Modified Ideal planWe should aim at 105 in commerce and even a low score of 50 in GS will get us 312 which will allow us to sit in mains.Scoring an extra 40 marks in GS is lot tougher than getting 15 more questions right in Commerce.
After all why not its your field. In fact i will ask you to get 110 right.Negative MarkingDo not guess if you cannot strike out atleast 2 alternatives.Should i Ignore GSNot at all. Do what all do . In fact you need to put in extra hours in GS IN fact. All we are saying is dont loose heart if your GS score is low. Get those extra numbers in commerce. Say you are scoring 90/120 change this to 105-110/120. This will compensate low marks in GS.How do i get 100 + in commerceAfter a week study give a sample paper(yes only a week ) and see your marks- if they are less than 75 you need a lot of study in clearing your cowwebs that also in a subject you have studied atleast for past 5 years or so or more.If you are nearing 80 or 85.
Do knowledge mapping by identifying your weak area and concentrate on that area.Why am i getting 75 /120 though i am a CA-CWA-MBAMany of us know a lot of advanced concepts sat AS2 ,AS11,Valuations,M&A, Cross Holdings but are not sure about XI/XII and B.COM questions.
SurprisesYou will not find many surprises here but you need to have command on all 6 areas. Accountancy/Company Law/Management/Business Organization/Audit and Financial Statement Analysis.Remember wrongs for us should not be more than our fingers. We should be able to count our wrongs on tips.
Posted by chief mentor at 9:11 PM
Sunday, February 8, 2009
list books prelims commerce optional
List books commerce optional prelims.
1. Accounts-11 and 12th. Preferably TS Grewal.
2. Business studies-11-12th books preferably ncert.
3. Management- B com Hons preferably C B Gupta.
4.Company law B com Hons preferably MC Kuchal with all amendments in last 8-9 years specifically.
5 Auditing bcom book by ML Jain will suffice.
6 insurance and office management from Bookhive publisher-Objective commerce.
7. accounting standard numbers with names -download icai.org website or buy taxmann accounting standards by D S Rawat for ca inter. Please know in detail important ones eg AS1,AS2,AS 3,AS6,these ones are usually asked in detail while for others knowing numbers and name will suffice. Please remember last 5 issued for name and number surely.
8.in partnership incl garner vs murray from bcom book
1. Accounts-11 and 12th. Preferably TS Grewal.
2. Business studies-11-12th books preferably ncert.
3. Management- B com Hons preferably C B Gupta.
4.Company law B com Hons preferably MC Kuchal with all amendments in last 8-9 years specifically.
5 Auditing bcom book by ML Jain will suffice.
6 insurance and office management from Bookhive publisher-Objective commerce.
7. accounting standard numbers with names -download icai.org website or buy taxmann accounting standards by D S Rawat for ca inter. Please know in detail important ones eg AS1,AS2,AS 3,AS6,these ones are usually asked in detail while for others knowing numbers and name will suffice. Please remember last 5 issued for name and number surely.
8.in partnership incl garner vs murray from bcom book
Syllabus General Studies Mains
General Studies - Compulsoryof Part B - Main Examination of Civil Services Exam
General Guidelines:
The nature and standard of questions in the General Studies papers will be such that a well-educated person will be able to answer them without any specialized study. The questions will be such as to test a candidate’s general awareness of a variety of subjects, which will have relevance for a career in Civil Services. The questions are likely to test the candidate’s basic understanding of all relevant issues, and ability to analyze, and take a view on conflicting socio-economic goals, objectives and demands. The candidates must give relevant, meaningful and succinct answers.
PAPER - I
1. History of Modern India and Indian Culture
The History of Modern India will cover history of the Country from about the middle of nineteenth century and would also include questions on important personalities who shaped the freedom movement and social reforms. The part relating to Indian culture will cover all aspects of Indian culture from the ancient to modern times as well as principal features of literature, arts and architecture.
2. Geography of India
In this part, questions will be on the physical, economic and social geography of India.
3. Constitution of India and Indian Polity
This part will include questions on the Constitution of India as well as all constitutional, legal, administrative and other issues emerging from the politico-administrative system prevalent in the country.
4. Current National Issues and Topics of Social Relevance
This part is intended to test the candidate's awareness of current national issues and topics of social relevance in present-day India, such as the following:
(i) The Indian economy and issues relating to planning, mobilization of resources, growth, development and employment.
(ii) Issues arising from the social and economic exclusion of large sections from the benefits of development.
(iii) Other issues relating to the development and management of human resource.
(iv) Health issues including the management of Public Health, Health education and ethical concerns regarding health-care, medical research and pharmaceuticals.
(v) Law enforcement, internal security and related issues such as the preservation of communal harmony.
(vi) Issues relating to good governance and accountability to the citizens including the maintenance of human rights, and of probity in public life.
(vii) Environmental issues, ecological preservation, conservation of natural resources and national heritage.
PAPER - II
1. India and the World
This part will include questions to test candidate's awareness of India's relationship with the world in various spheres such as the following:-
Foreign Affairs with special emphasis on India’s relations with neighbouring countries and in the region.
Security and defence related matters.
Nuclear policy, issues, and conflicts.
The Indian Diaspora and its contribution to India and the world.
2. India’s Economic Interaction with the World
In this part, questions will be on economic and trade issues such as foreign trade, foreign investment; economic and diplomacy issues relating to oil, gas and energy flows; the role and functions of I.M.F., World Bank, W.T.O., WIPO etc. which influence India’s economic interaction with other countries and international institutions.
3. Developments in the Field of Science & Technology, IT and space
In this part, questions will test the candidate's awareness of the developments in the field of science and technology, information technology, space and basic ideas about computers, robotics, nanotechnology, biotechnology and related issues regarding intellectual property rights.
4. International Affairs and Institutions
This part will include questions on important events in world affairs and on international institutions.
5. Statistical analysis, graphs and diagrams
This part will test the candidate's ability to draw conclusions from information presented in statistical, graphical or diagrammatical form and to interpret them.
General Guidelines:
The nature and standard of questions in the General Studies papers will be such that a well-educated person will be able to answer them without any specialized study. The questions will be such as to test a candidate’s general awareness of a variety of subjects, which will have relevance for a career in Civil Services. The questions are likely to test the candidate’s basic understanding of all relevant issues, and ability to analyze, and take a view on conflicting socio-economic goals, objectives and demands. The candidates must give relevant, meaningful and succinct answers.
PAPER - I
1. History of Modern India and Indian Culture
The History of Modern India will cover history of the Country from about the middle of nineteenth century and would also include questions on important personalities who shaped the freedom movement and social reforms. The part relating to Indian culture will cover all aspects of Indian culture from the ancient to modern times as well as principal features of literature, arts and architecture.
2. Geography of India
In this part, questions will be on the physical, economic and social geography of India.
3. Constitution of India and Indian Polity
This part will include questions on the Constitution of India as well as all constitutional, legal, administrative and other issues emerging from the politico-administrative system prevalent in the country.
4. Current National Issues and Topics of Social Relevance
This part is intended to test the candidate's awareness of current national issues and topics of social relevance in present-day India, such as the following:
(i) The Indian economy and issues relating to planning, mobilization of resources, growth, development and employment.
(ii) Issues arising from the social and economic exclusion of large sections from the benefits of development.
(iii) Other issues relating to the development and management of human resource.
(iv) Health issues including the management of Public Health, Health education and ethical concerns regarding health-care, medical research and pharmaceuticals.
(v) Law enforcement, internal security and related issues such as the preservation of communal harmony.
(vi) Issues relating to good governance and accountability to the citizens including the maintenance of human rights, and of probity in public life.
(vii) Environmental issues, ecological preservation, conservation of natural resources and national heritage.
PAPER - II
1. India and the World
This part will include questions to test candidate's awareness of India's relationship with the world in various spheres such as the following:-
Foreign Affairs with special emphasis on India’s relations with neighbouring countries and in the region.
Security and defence related matters.
Nuclear policy, issues, and conflicts.
The Indian Diaspora and its contribution to India and the world.
2. India’s Economic Interaction with the World
In this part, questions will be on economic and trade issues such as foreign trade, foreign investment; economic and diplomacy issues relating to oil, gas and energy flows; the role and functions of I.M.F., World Bank, W.T.O., WIPO etc. which influence India’s economic interaction with other countries and international institutions.
3. Developments in the Field of Science & Technology, IT and space
In this part, questions will test the candidate's awareness of the developments in the field of science and technology, information technology, space and basic ideas about computers, robotics, nanotechnology, biotechnology and related issues regarding intellectual property rights.
4. International Affairs and Institutions
This part will include questions on important events in world affairs and on international institutions.
5. Statistical analysis, graphs and diagrams
This part will test the candidate's ability to draw conclusions from information presented in statistical, graphical or diagrammatical form and to interpret them.
Syllabus General Studies Prelims with mark distribution trend
Compulsory Subject - General Studiesof Part A - Preliminary Examination of Civil Services Exam
with latest trend of marks
1. General Science.(10 marks nowadays)
Questions on General Science will cover general appreciation and understanding of science including matters of everyday observation and experience, as may be expected of a well educated person who has not made a special study of any particular scientific discipline
2.Current events of national and international importance (60 marks nowadays)
In current events, knowledge of significant national and international events will be tested
3.History of India and Indian National Movement (15 marks nowadays)
In History of India, emphasis will be on broad general understanding of the subject in its social, economic and political aspects. Questions on the Indian National Movement will relate to the nature and character of the nineteenth century resurgence, growth of nationalism and attainment of Independence.
4.Indian and World Geography (15 marks nowadays)
In Geography, emphasis will be on Geography of India. Questions on the Geography of India will relate to physical, social and economic Geography of the country, including the main features of Indian agricultural and natural resources
5.Indian Polity (20 marks nowadays)
Questions on Indian Polity and Economy will test knowledge of the country’s political system and Constitution of India, Panchayati Raj, Social Systems and economic developments in India.
6.Economy (10 marks nowadays)
Questions on Indian Polity and Economy will test knowledge of the country’s political system and Constitution of India, Panchayati Raj, Social Systems and economic developments in India.
7.General Mental Ability (20marks nowadays)
On general mental ability, the candidates will be tested on reasoning and analytical abilities.
with latest trend of marks
1. General Science.(10 marks nowadays)
Questions on General Science will cover general appreciation and understanding of science including matters of everyday observation and experience, as may be expected of a well educated person who has not made a special study of any particular scientific discipline
2.Current events of national and international importance (60 marks nowadays)
In current events, knowledge of significant national and international events will be tested
3.History of India and Indian National Movement (15 marks nowadays)
In History of India, emphasis will be on broad general understanding of the subject in its social, economic and political aspects. Questions on the Indian National Movement will relate to the nature and character of the nineteenth century resurgence, growth of nationalism and attainment of Independence.
4.Indian and World Geography (15 marks nowadays)
In Geography, emphasis will be on Geography of India. Questions on the Geography of India will relate to physical, social and economic Geography of the country, including the main features of Indian agricultural and natural resources
5.Indian Polity (20 marks nowadays)
Questions on Indian Polity and Economy will test knowledge of the country’s political system and Constitution of India, Panchayati Raj, Social Systems and economic developments in India.
6.Economy (10 marks nowadays)
Questions on Indian Polity and Economy will test knowledge of the country’s political system and Constitution of India, Panchayati Raj, Social Systems and economic developments in India.
7.General Mental Ability (20marks nowadays)
On general mental ability, the candidates will be tested on reasoning and analytical abilities.
Commerce accountancy Syllabus Mains
PAPER - I
Accounting and Finance
Accounting, Taxation & Auditing
1. Financial Accounting:
Accounting as a Financial Information System; Impact of Behavioural Sciences. Accounting Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-term Construction Contracts, Revenue Recognition, Fixed Assets, Contingencies, Foreign Exchange Transactions, Investments and Government Grants, Cash Flow Statement, Earnings Per Share.
Accounting for Share Capital Transactions including Bonus Shares, Right Shares,
Employees Stock Option and Buy- Back of Securities.
Preparation and Presentation of Company Final Accounts.
Amalgamation, Absorption and Reconstruction of Companies.
2. Cost Accounting:
Nature and Functions of Cost Accounting. Installation of Cost Accounting System. Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making.
Methods of Costing: Job Costing, Process Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a tool of Profit Planning.
Incremental Analysis/ Differential Costing as a Tool of Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc.
Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of Planning and Control. Standard Costing and Variance Analysis.
Responsibility Accounting and Divisional Performance Measurement.
3. Taxation:
Income Tax: Definitions; Basis of Charge; Incomes which do not form Part of Total Income. Simple problems of Computation of Income (of Individuals only) under Various Heads, i.e., Salaries, Income from House Property, Profits and Gains from Business or Profession, Capital Gains, Income from other sources, Income of other Persons included in Assessee's Total Income .
Set - Off and Carry Forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT and Services Tax.
4. Auditing:
Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit.
Audit of Banking, Insurance, Non-Profit Organizations and Charitable Societies/Trusts/Organizations.
Financial Management, Financial Institutions and Markets
1. Financial Management:
Finance Function: Nature, Scope and Objectives of Financial Management: Risk and Return Relationship.
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Procedures and Appraisal Methods. Risk and Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of Specific Costs and Weighted Average Cost of Capital. CAPM as a Tool of Determining Cost of Equity Capital.
Financing Decisions: Theories of Capital Structure - Net Income (NI) Approach,
Net Operating Income (NOI) Approach, MM Approach and Traditional Approach. Designing of Capital structure: Types of Leverages (Operating, Financial and Combined), EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm: Walter’s Model, MM Thesis, Gordan’s Model Lintner’s Model. Factors Affecting Dividend Policy.
Working Capital Management: Planning of Working Capital. Determinants of Working Capital. Components of Working Capital - Cash, Inventory and Receivables.
Corporate Restructuring with focus on Mergers and Acquisitions (Financial aspects only)
2. Financial Markets and Institutions:
Indian Financial System: An Overview
Money Markets: Participants, Structure and Instruments. Commercial Banks. Reforms in Banking sector. Monetary and Credit Policy of RBI. RBI as a Regulator.
Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments; SEBI as a Regulator.
Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA.
PAPER – II
Organisation Theory and Behaviour,
Human Resource Management
and Industrial Relations
Organisation Theory and Behaviour
1. Organisation Theory:
Nature and Concept of Organisation; External Environment of Organizations -Technological, Social, Political, Economical and Legal; Organizational Goals - Primary and Secondary goals, Single and Multiple Goals; Management by Objectives.
Evolution of Organisation Theory: Classical, Neo-classical and Systems Approach.
Modern Concepts of Organisation Theory: Organisational Design, Organisational Structure and Organisational Culture.
Organisational Design–Basic Challenges; Differentiation and Integration Process; Centralization and Decentralization Process; Standardization / Formalization and Mutual Adjustment. Coordinating Formal and Informal Organizations. Mechanistic and Organic Structures.
Designing Organizational structures–Authority and Control; Line and Staff Functions, Specialization and Coordination. Types of Organization Structure –Functional. Matrix Structure, Project Structure. Nature and Basis of Power , Sources of Power, Power Structure and Politics. Impact of Information Technology on Organizational Design and Structure.
Managing Organizational Culture.
2. Organisation Behaviour:
Meaning and Concept; Individual in organizations: Personality, Theories, and Determinants; Perception - Meaning and Process.
Motivation: Concepts, Theories and Applications. Leadership-Theories and Styles. Quality of Work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality Circles (QC) – Meaning and their Importance. Management of Conflicts in Organizations. Transactional Analysis, Organizational Effectiveness, Management of Change.
Human Resources Management and Industrial Relations
1. Human Resources Management (HRM):
Meaning, Nature and Scope of HRM, Human Resource Planning, Job Analysis, Job Description, Job Specification, Recruitment Process, Selection Process, Orientation and Placement, Training and Development Process, Performance Appraisal and 360° Feed Back, Salary and Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers and Separations.
2. Industrial Relations (IR):
Meaning, Nature, Importance and Scope of IR, Formation of Trade Unions, Trade Union Legislation, Trade Union Movement in India. Recognition of Trade Unions, Problems of Trade Unions in India. Impact of Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and Lockouts , Causes of Disputes, Prevention and Settlement of Disputes.
Worker’s Participation in Management: Philosophy, Rationale, Present Day Status and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises, Absenteeism and Labor Turnover in Indian Industries and their Causes and Remedies.
ILO and its Functions.
Accounting and Finance
Accounting, Taxation & Auditing
1. Financial Accounting:
Accounting as a Financial Information System; Impact of Behavioural Sciences. Accounting Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-term Construction Contracts, Revenue Recognition, Fixed Assets, Contingencies, Foreign Exchange Transactions, Investments and Government Grants, Cash Flow Statement, Earnings Per Share.
Accounting for Share Capital Transactions including Bonus Shares, Right Shares,
Employees Stock Option and Buy- Back of Securities.
Preparation and Presentation of Company Final Accounts.
Amalgamation, Absorption and Reconstruction of Companies.
2. Cost Accounting:
Nature and Functions of Cost Accounting. Installation of Cost Accounting System. Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making.
Methods of Costing: Job Costing, Process Costing, Activity Based Costing.
Volume – cost – Profit Relationship as a tool of Profit Planning.
Incremental Analysis/ Differential Costing as a Tool of Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc.
Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of Planning and Control. Standard Costing and Variance Analysis.
Responsibility Accounting and Divisional Performance Measurement.
3. Taxation:
Income Tax: Definitions; Basis of Charge; Incomes which do not form Part of Total Income. Simple problems of Computation of Income (of Individuals only) under Various Heads, i.e., Salaries, Income from House Property, Profits and Gains from Business or Profession, Capital Gains, Income from other sources, Income of other Persons included in Assessee's Total Income .
Set - Off and Carry Forward of Loss.
Deductions from Gross Total Income.
Salient Features/Provisions Related to VAT and Services Tax.
4. Auditing:
Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit.
Audit of Banking, Insurance, Non-Profit Organizations and Charitable Societies/Trusts/Organizations.
Financial Management, Financial Institutions and Markets
1. Financial Management:
Finance Function: Nature, Scope and Objectives of Financial Management: Risk and Return Relationship.
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Procedures and Appraisal Methods. Risk and Uncertainty Analysis and Methods.
Cost of capital: Concept, Computation of Specific Costs and Weighted Average Cost of Capital. CAPM as a Tool of Determining Cost of Equity Capital.
Financing Decisions: Theories of Capital Structure - Net Income (NI) Approach,
Net Operating Income (NOI) Approach, MM Approach and Traditional Approach. Designing of Capital structure: Types of Leverages (Operating, Financial and Combined), EBIT- EPS Analysis, and other Factors.
Dividend Decisions and Valuation of Firm: Walter’s Model, MM Thesis, Gordan’s Model Lintner’s Model. Factors Affecting Dividend Policy.
Working Capital Management: Planning of Working Capital. Determinants of Working Capital. Components of Working Capital - Cash, Inventory and Receivables.
Corporate Restructuring with focus on Mergers and Acquisitions (Financial aspects only)
2. Financial Markets and Institutions:
Indian Financial System: An Overview
Money Markets: Participants, Structure and Instruments. Commercial Banks. Reforms in Banking sector. Monetary and Credit Policy of RBI. RBI as a Regulator.
Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments; SEBI as a Regulator.
Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA.
PAPER – II
Organisation Theory and Behaviour,
Human Resource Management
and Industrial Relations
Organisation Theory and Behaviour
1. Organisation Theory:
Nature and Concept of Organisation; External Environment of Organizations -Technological, Social, Political, Economical and Legal; Organizational Goals - Primary and Secondary goals, Single and Multiple Goals; Management by Objectives.
Evolution of Organisation Theory: Classical, Neo-classical and Systems Approach.
Modern Concepts of Organisation Theory: Organisational Design, Organisational Structure and Organisational Culture.
Organisational Design–Basic Challenges; Differentiation and Integration Process; Centralization and Decentralization Process; Standardization / Formalization and Mutual Adjustment. Coordinating Formal and Informal Organizations. Mechanistic and Organic Structures.
Designing Organizational structures–Authority and Control; Line and Staff Functions, Specialization and Coordination. Types of Organization Structure –Functional. Matrix Structure, Project Structure. Nature and Basis of Power , Sources of Power, Power Structure and Politics. Impact of Information Technology on Organizational Design and Structure.
Managing Organizational Culture.
2. Organisation Behaviour:
Meaning and Concept; Individual in organizations: Personality, Theories, and Determinants; Perception - Meaning and Process.
Motivation: Concepts, Theories and Applications. Leadership-Theories and Styles. Quality of Work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality Circles (QC) – Meaning and their Importance. Management of Conflicts in Organizations. Transactional Analysis, Organizational Effectiveness, Management of Change.
Human Resources Management and Industrial Relations
1. Human Resources Management (HRM):
Meaning, Nature and Scope of HRM, Human Resource Planning, Job Analysis, Job Description, Job Specification, Recruitment Process, Selection Process, Orientation and Placement, Training and Development Process, Performance Appraisal and 360° Feed Back, Salary and Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers and Separations.
2. Industrial Relations (IR):
Meaning, Nature, Importance and Scope of IR, Formation of Trade Unions, Trade Union Legislation, Trade Union Movement in India. Recognition of Trade Unions, Problems of Trade Unions in India. Impact of Liberalization on Trade Union Movement.
Nature of Industrial Disputes : Strikes and Lockouts , Causes of Disputes, Prevention and Settlement of Disputes.
Worker’s Participation in Management: Philosophy, Rationale, Present Day Status and Future Prospects.
Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises, Absenteeism and Labor Turnover in Indian Industries and their Causes and Remedies.
ILO and its Functions.
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