University : University of Madras
Announcement : Syllabus
Degree : M.Com
Subject : International Business & Finance
International Business & Finance Syllabus :
BUS C 101 Computerised Accounting :
UNIT I :
Introduction to Computerized accounting – Introduction – features, Pros and Cons, Manual and computerized accounting, various components of computerized accounting, introduction to Tally, Features of Tally (F11), Configuration (F 12), Company Creation
Related : Currency Derivatives Certification Exam Syllabus National Institute of Securities Markets : www.syllabus.gen.in/1383.html
UNIT II :
Accounting Master & Transaction – Accounting Masters – Groups, Ledgers, Cost center & Cost Category, vouchers. Accounting Voucher – Contra, Payment, Receipt, Journal, Sales, Purchase, Credit note, Debit Note and Memo Voucher.
Reports – Accounting Report – Trial Balance – Profit & Loss account – Balance Sheet & Stock Statement – Account Books – Cash & Bank Books – Ledger summaries – Bills Receivable & Payable Statements – Budgets – Reconciliation.
UNIT III :
Inventory Master & Transaction – Inventory Master – Stock Group, Stock Category, Stock Item, Unit of Measures, Godown. Inventory Voucher – Delivery Note, Receipt Note, Rejection in, Rejection out, Purchase order, Sales order, Stock Journal, Physical Stock.
Inventory Report – Stock Summaries – Group Summaries – Order Books & Summary – Order status – Sales Order Summary – Purchase Order Summary – Printing – Reports on Printer – Reports to File.
UNIT IV :
Payroll in Tally ERP – Employee Groups, Employees, Units (work), Attendance/Production Types, Pay heads, Salary details, Voucher Type and payroll Voucher.
UNIT V :
Tax application in Tally – Introduction to VAT – VAT activation and classification – VAT computation – composite VAT – input VAT on capital goods – CST introduction – central Excise Tax – interstate transfer – service tax.
1. The practical examination will be conducted by an internal examiner and an external examiner jointly.
2. The theory paper (3 hours ans 100 marks) will be scaled to 50 marks. The practical paper (3 hours and 100 marks) will be scaled to 50 marks. The candidate has to secure 50% in each of the practical and theory papers to secure a pass.
3. Failure to secure the minimum either in the theory or the practical will entail the reappearance only in that paper. Twenty marks out of hundred for the practical paper is reserved for the record.
BUS C 103 Financial Reporting :
Accounting Standards and Guidance Notes on various accounting aspects issued by the ICAI and their applications.
Overview of International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS), Interpretations by International Financial Reporting Interpretation Committee (IFRIC), significant difference vis-a-vis Indian Accounting Standards.
Corporate Financial Reporting – Issues and problems with special reference to published financial statements. Accounting for Corporate Restructuring (including inter-company holdings).
Consolidated Financial Statements of Group Companies Concept of a Group, purposes of consolidated financial statements- minority interest- Goodwill, Consolidation procedures – Minority interests, Goodwill- Treatment of pre- acquisition and post-acquisition profit.
Share based payments Meaning, Equity settled transactions, Transaction with employees and non- employees Determination of fair value of equity instruments vesting conditions Modification- cancellation and settlement Disclosures
Valuation – Concept of Valuation – Valuation of Tangible Fixed Assets – Valuation of Intangibles including brand valuation and valuation of goodwill – Valuation of liabilities – Valuation of Shares – Valuation of Business