EC (1262)-18.08.

2022 Annexure - I

[Link] SYLLABUS OF COURSES DISCIPLINE SPECIFIC

CORE (DSC) COURSES (SEMESTER 1)

DSC01: FUNDAMENTALS OF MANAGEMENT

Course Objective(s): To acquaint the students with the fundamentals of managing business and to
understand broad functions of management. Students will be able to identify the contemporary issues
and challenges in the field of management and ethical workplace practices. The course will use and
focus on Indian experiences, approaches and cases.

Learning Outcomes:
On having completed this course student should be able to:
 Summarize the elementary concepts, principles and theories of management
 Examine the managerial functions having an impact on the organizational effectiveness
 Identify the contemporary issues and challenges in management
 Develop ethical workplace practices

Course Contents:
Unit 1: Introduction to Management (3 Weeks)
Definition – nature, process and significance of management – Role of managers – Managerial Skills
and Roles - Evolution of Management Thought: Classical Management Approaches, Behavioural
Management Approaches, Quantitative Management Approach, Modern Management Approaches -
Management as a Science or Art - Management as a profession- Administration and Management
Functions of Management – Functional Areas of Management.

Unit 2: Planning and Decision Making (3 Weeks)

Planning - Nature and Importance of Planning- Types of Plans - Levels of Planning - Steps in
planning – Making Effective Plans- Objectives and Management by Objective (MBO) –Management
by Exception (MBE) - Policy and Strategy- Forecasting and Decision Making - Nature of decision
making - Types of decisions – Decision Making Process – Rational Perspectives and Behavioural
Aspects of decision making.

Unit 3: Organizing, Directing and Controlling (4 Weeks)

Organizing, Principles of Organization - Organisational Structure and Design – Line, Staff and
functional authority. Departmentation - Span of control – Authority – Types of Departmentalization –
Contemporary Organizational Designs, Responsibility and Accountability - Principles of Delegation -
Steps - Centralization Vs Decentralization – Factors determining the degree of Decentralization of
authority. Directing – Nature of Directing function - Principles – Importance of Effective Direction.
Controlling - Concept, Nature and Importance- Techniques of Managerial control.

Unit 4: Contemporary Perspectives of Indian Management Thought (5weeks)

Relevance of gurukul concepts in modern corporate world-shadowing, mentoring and coaching;

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roots of Indian Wisdom-welfare-oriented economy based on moral values. Unique Indian Business
Scenarios-population density, crowd behavior, role of the unorganized sector in trade and commerce,
cultural issues in India, infrastructure development, public private partnerships and regulation, how
taxation drives business behavior, logistics management, saving habits of Indians. Indian Business
Practices-community-based business management (Chettias of Tamil Nadu, Marwaris of Rajasthan,
Angadias of Gujrat), Indian Family Business Management, Community level success stories-Gupta
Empire, Gujrati, Marwari, Punjabi [Link] Indian Business Success Stories such as
dabbawallas, Amul, Swachh Bharat, Atmanirbhar Bharat, PLI Scheme Initiaties, Indian Corporates
working abroad, success of Indians as individuals abroad- in domains such as IT, Merchant Navy,
Higher Education, Medicine. Indian perspectives on sustainability, creativity, inter-personal skills,
business ethics, environment.

Suggested Readings
1. Stephen P. Robbins & Mary Coulter, Management. 13th Ed. Pearson
2. Stoner, Freeman, Gilbert Jr. (2014). Management (6th edition), New Delhi: Prentice Hall India.
3. Koontz, H., & Weihrich, H. Essentials of Management, McGraw Hill Publishers.
4. Mahadevan, B., Bhat, V. R., Pavana, N. (2022) Introduction to Indian Knowledge System
Concepts and Applications. PHI Learning

Teaching – Learning Process

Lectures, Presentations, Role plays, Case studies, Term paper on a given topic

Assessment
Total Marks: 100
Internal Assessment: 25 Marks
End Semester University Exam: 75 Marks
The Internal Assessment of the course may include Class participation, Assignments, Class tests,
Projects, Field Work, Presentations, amongst others as decided by the faculty.

Key Words
Management, Planning, Decision-Making, Controlling, Organization Structures

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EC (1262)-18.08.2022 Annexure - II

DSC02: Statistics for Business Decisions

Course Objective(s): To familiarize the students with various Statistical Data Analysis tools that
can be used for effective decision making. Emphasis will be on the application of the concepts learnt
to various financial and managerial situations. The course will enhance students’ critical thinking and
problem solving that rests on Statistical Methods and Data Analysis approaches.

Learning Outcomes:
On completion of the course students should be able to
 Summarize data sets using Descriptive statistics
 Analyze the relationship between two variables of various managerial situations
 Geometrically Interpret Correlation and Regression
 Develop managerial decision problems using Probability Density Functions and Cumulative
Density Functions

Course Content:
Unit I: Data and its Descriptive Analysis (8 lectures)
Quantitative and Qualitative Data, Attributes and variables, Scales
of measurement: nominal, ordinal, interval and ratio, Measures of Central Value: Mean, Median,
Mode,
Measures of Dispersion: Absolute and Relative measures of dispersion – Range, Quartile Deviation,
Mean Deviation, Standard Deviation, Moments, Skewness, Kurtosis. Visualization of Data:
Histograms, Stem and Leaf Plots, Five Number Summary and Box Plots. Introduction to Big Data:
Characteristics and Stages.

Unit II: Correlation and Regression Analysis (16 lectures)

Correlation Analysis: Meaning and significance. Correlation and Causation, Types of Correlation,
Methods of studying Simple correlation - Scatter diagram, Karl Pearson’s coefficient of correlation,
Spearman’s Rank correlation coefficient.
Regression Analysis: Meaning and significance, Regression vs. Correlation, Simple Regression
model: Linear Regression, Assumptions for simple linear regression model, Violations of the
assumptions of the model, R-square and MSE in Regression, Geometric Interpretation of Regression.

Unit III: Random Variable Analysis (12 lectures)

Probability: Meaning and need, Conditional probability, Bayes’ theorem, Random Variable- discrete
and continuous. Probability Distribution: Meaning, characteristics (Expectation and variance) of
Binomial, Poisson, Exponential and Normal distribution, z-score, Chebyshev and empirical rule,
Central limit theorem.

Unit IV: Introduction to Estimation and Hypothesis Testing (12 lectures)

Estimation: Point and Interval estimation of population mean, Confidence intervals for the
parameters of a normal distribution (one sample only), Hypothesis Testing: Level of Significance;
Type I and Type II error, Test of hypothesis concerning Mean: z-test & t-test.

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Suggested Readings
1. Gupta, S.P., Statistical Methods, Sultan Chand & Sons
2. Levine, D., Stephan, D., & Szabat, K., Statistics for Managers using MS Excel, Pearson India
3. Keller, G., Statistics for Management and Economics, Cengage Learning, New Delhi
4. Stine, R. and Foster, D., Statistics for Business (Decision making and Analysis). Pearson India
5. Evans, J., Business Analytics, Pearson India

Recommendation
The students are encouraged to solve real life case studies using Spreadsheets.

Teaching – Learning Process

Practical can be incorporated based on the theoretical concepts of Descriptive statistics. Students will
be encouraged to perform data analysis using Excel.

Assessment
Total Marks: 100
Internal Assessment: 25 Marks
End Semester University Exam: 75 Marks
The Internal Assessment of the course may include Class participation, Assignments, Class tests,
Projects, Field Work, Presentations, amongst others as decided by the faculty.

Key Words
Descriptive Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation,
Regression, Random variable, Probability distribution, Normal Distribution, Testing of Hypothesis

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EC (1262)-18.08.2022 Annexure - III

DSC03: FINANCIAL ACCOUNTING & ANALYSIS

Course Objective(s): To familiarize students with the mechanics of preparation of Financial

Statements; understanding Corporate Financial Statements in the light of IFRS or Indian Accounting
Standards, their analysis and interpretation; understanding of beyond Balance Sheet indicators to
project corporate performance; prediction of financial crisis of a business enterprise.

Learning Outcomes:
 Understand the process of recording and classifying business transactions and events
 Creating and understanding Financial Statements of Sole Proprietor, viz., Profit & Loss
Account, Balance Sheet
 Understand the financial statements of company as per IFRS/Ind-AS
 Analyse the Financial Statements from the perspective of different stakeholders using Ratio
analysis, Cash flow analysis, Net working capital analysis , Trend analysis and learning to
use beyond balance sheet indicators for analysing corporate performance
 Understanding of financial distress or bankruptcy prediction, introduction to earnings
management

Course Contents:
Unit 1: Introduction to Financial Accounting. Basic Concepts and Conventions (4 Weeks)
Business Entity, Dual Aspect, Going Concern, Accounting Period, Money Measurement, Accrual,
Disclosure, Materiality, Consistency, and Conservatism. The Accounting Equation. Understanding
Assets, Liabilities, Revenues, and Expenses. Understanding Capital Expenditure, Revenue
Expenditure, Deferred Revenue Expenditure, Capital Receipts, and Revenue Receipts. Nature of
Accounts and Rules of Debit and Credit. Recording transactions in General Journal. Preparation of
Ledger Accounts. Opening and Closing Entries. Preparation of Trial Balance.

Unit 2: Preparation of Financial Statements (4 Weeks)

Preparing Trading Account, Profit & Loss Account and Balance Sheet for a Sole Proprietor. Format
for preparing financial statements for IND-AS companies as per Division II, Schedule III,
Companies Act, 2013. Understanding of Financial Statements of a Joint Stock Company as per new
accounting standards: IND-AS (Balance sheet, Profit & Loss, Statement of Comprehensive Income,
Cash Flow Statement); Understanding the contents of a Corporate Annual Report (Actual latest
annual reports to be used).

Unit 3: Global Accounting Standards/IFRS (3 Weeks)

Meaning & need for globalisation of accounting standards, Adoption versus Convergence, need for
convergence of Indian GAAP with IFRS; Benefits of achieving Convergence with IFRS to different
stakeholders in India. Salient features of Ind-AS/IFRS (Fair Value Accounting, Substance versus
form, Time value of money). Introduction to Indian Accounting Standards (Ind-AS); Understanding
IND-AS 1: Presentation of Financial Statements, IND-AS 7: Cash Flow Statement, IND-AS 109:
Financial Instruments.

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Unit 4: Analysing Financial Statements (5 Weeks)

Objectives of Financial Statement Analysis; Sources of information; Standards of Comparison;
Techniques of Financial Statement Analysis (Through a case study of real company) - Ratio analysis,
Cash flow analysis, Net working capital analysis, Trend analysis. Use of ratios to predict financial
crisis of a company by using Altman Z –score. Use of Beyond the Balance Sheet indicators of
analysing financial position of a company. Introduction to Earnings Management.

Suggested Readings
1. Narayanaswamy R. Financial Accounting: A Managerial Perspective. PHI Learning Private
Limited, Delhi.
2. Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant. Accounting- Text and Cases.
McGraw Hill Education (India) Private Limited, New Delhi.
3. Garg CA Kamal, and Sehrawat Neeraj Kumar. Beginner`s Guide to Ind-AS & IFRS. Bharat Law
House Pvt. Ltd., New Delhi.
4. Maheshwari S.N., Maheshwari Suneel K., and Maheshwari Sharad K. An Introduction to
Accountancy. Vikas Publishing House Private Limited, Noida.
5. Bhattacharyya Asish K. Corporate Financial Reporting and Analysis. PHI Learning Private
Limited, Delhi.

Additional Readings
1. Lal Jawahar. Corporate Financial Reporting: Theory, Practice & Cases. Taxmann Publications
Private Limited.
2. Patricia M. Dechow, Richard G. Sloan and Amy P. Sweeney: Detecting Earning Management,
the Accounting Review. 70, No. 2 (Apr., 1995), pp. 193-225.

Note: Latest edition of the suggested/additional readings will be used.

Teaching Learning Process

Class room lectures, Case study discussion, Numerical problem solving, Class presentation on the
assigned topic by students - individually or in groups, Workshops and Tutorials.

Assessment
Total Marks: 100
Internal Assessment: 25 Marks
End Semester University Exam: 75 Marks
The Internal Assessment of the course may include Class participation, Assignments, Class tests,
Projects, Field Work, Presentations, amongst others as decided by the faculty.

Key Words
Generally Accepted Accounting Principles, Financial Statements, Financial Ratios, IFRS, Indian
Accounting Standards.

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