B.A.F.

Bachelor in Accounting & Finance (B.A.F)

 

Semester I
1.1.1	A/c	Elements of Financial Accounting
1.1.2	Cost	Introduction & Elements of Cost
1.1.3	Eco	Micro Economics
1.1.4	Com	Business Environment
1.1.5	IT	Information & Tech - Intro & Elements
1.1.6	BC	Bus. Comm. - Intro & Principles
1.1.7	FC	Fundamentals of Environment Management

Semester II
1.2.1	A/c	Special Accounting Areas
1.2.2	Audit	Intro and Planning for Audit
1.2.3	FM	Intro to Financial Management
1.2.4	TAX	Indirect Tax (CST, BST)
1.2.5	Law	Business Law
1.2.6	QM	Quantitative Methods
1.2.7	BC	Business Communication

Semester III
2.3.1	A/c	Special Accounting Areas
2.3.2	Cost	Cost Accounting - Methods
2.3.3	Aud	Techniques of Auditing
2.3.4	Eco	Macro Economics
2.3.5	Law	Company Law
2.3.6	MGM	Principles of Management
2.3.7	FC	Fundamentals of Entrepreneurship (FC)

Semester IV
2.4.1	FM	Special Accounting Areas (FA IV)
2.4.2	MGM	Intro. To Management A/c
2.4.3	TAX	Indirect Tax (Excise, Service Tax)
2.4.4	COM	Financial Market Operation
2.4.5	Law	Business Law (Factories, Ind. Dispute)
2.4.6	IT	Information Technology
2.4.7	QM	Quantitative Methods

Semester V
3.5.1	A/c	Financial Accounting (FA V)
3.5.2	Cost	Cost A/c, Methods and Accounting
3.5.3	Aud	Financial Accounting (FA VI)
3.5.4	MGM	Financial Statement Analysis
3.5.5	TAX	Direct Tax
3.5.6	ECO	Indian Economy

Semester VI
3.6.1	A/c	Financial Accounting (FA VII)
3.6.2	Cost	Tech. of Costing (Bud, Marginal, std)
3.6.3	Aud	Audit of Companies
3.6.4	MGM	Financial Accounting (FA VIII)
3.6.5	TAX	Direct Tax - Income & Wealth
3.6.6	MGM	Principles of Management and Applications

B.A.F. / Third Year – V th Semester (Revised)

Cost Accounting Paper III

·         Uniform costing and Inter - firm comparison: Meaning and need for uniform costing - Essentials for success of uniform costing - Advantages and limitations of uniform costing - Areas of uniformity, uniform cost manual

·         Inter - firm comparison objectives: Prerequisites of inter firm comparison - Advantages and Limitations

·         Non integrated system of accounts: Meaning - Advantages and Disadvantages - Distinctive features - Cost control accounts to be prepared - Journal entries - Simple practical problems

·         Integrated Accounts: Meaning - Advantages and Disadvantages - Distinctive features - Journal entries - Simple practical problems

·         Operating Costing: Meaning of operating costing - Determining of per unit cost - Pricing of services - collection of costing data - simple practical problems based on costing of hospital, hotel, goods and passenger transport and other services

Economics III

·         Introduction: Demographic features - Poverty, Income Inequality and Unemployment
Urbanisation and its effects

·         Agricultural Sector: Institutional Structure - Land reforms in India
Technological changes in agriculture
Agricultural pricing and agricultural finance
Agricultural marketing
National Agricultural policy

·         Industrial Sector: Growth and pattern of industrialization
Industrial Policy of 1991
Public sector enterprises and disinvestment policy
Small scale sector - problems and prospects

·         Service Sector: Nature and scope of service industry
Recent trends in Banking industry, Insurance industry
Healthcare Industry and Tourism Industry

·         External Sector: Structure and Directions of Foreign Trade
India's Balance of Payments since 1991
FDI, Foreign capital and transactional companies in India
Role and impact of SAARC, ASEAN and WTO

·         Money and Banking: Money market and its features
Monetary policy of RBI
Progress of commercial banking in India
Development of capital markets
SEBI and its functions

Financial Accounting Paper VI

·         AS- 14 Amalgamation, Absorption & External Reconstruction (excluding inter - company holding): In the nature of purchase with corresponding accounting treatments of pooling of interests and purchase method respectively.
Meaning and computation of purchase consideration.
Inter company debtors, creditors, loan, bills, loading in stock.

·         Internal Reconstruction : Need for reconstruction and company law provisions.
Distinction between internal and external reconstructions.
Methods including alteration of share capital, variation of share holder rights, subdivision, consolidation, surrender and reissue/cancellation, reduction of share capital with relevant legal provisions and accounting treatment for same.

·         Investment Accounting: For shares (variable income bearing securities)
For debentures/preference shares(fixed income bearing securities)
Accounting for transactions of purchase and sale of investments with ex and cum interest prices and finding cost of investment sold and carrying cost as per weighted average method( excluding brokerage)
Columnar format for investment account

·         Accounting for transaction of foreign currency: In relation to purchase and sale of goods, services and assets and loan and credit transactions.
Computation and treatment of exchange rate differences

·         Introduction to IFRS: Purpose and objective of financial statement - its frame work - its assumption, characteristics, element, recognition and measurement.
Convergence and first time adoption to IFRS(IFRS - 1)

Taxation III

·         Definitions: Section 2 - Assessee, Assessment year, assessment, annual value, business,
Capital Asset, Income, Person, Previous Year, Transfer.

·         Basis Of Charge: Section 3- 9 - Previous year, Residential status, Scope of total income. Deemed income.

·         Exclusions From Total Income: Section 10 - restricted to,
Agricultural income
Sums received from HUF by member
Share of profit from firm
Casual and non recurring receipts
Scholarships
Income of minor child
Allowance to members of parliament and legislative assembly
Exemptions related to specific head of income to be covered with relevant provisions such as salary, Income from other sources.

·         Heads Of Income:
Salary - Section 15-17 incl section 10 relating to:

·         House rent allowance

·         Travel Concession

·         Special allowance

·         Pension- commutation

·         Leave encashment

·         Compensation

·         Voluntary retirement

·         Payment from provident fund

·         Gratuity

Income from house property - Section 22-27 ( incl: Section 2 - Annual value)
Profits and gains from business & profession , Vocation Section 28-32, 36, 37,40, 40A & 43B( incl: Section 2- Business)Income from other sources- Section 56-59

·         Deductions Under Chapter VI - A: 80C - payment of LIC/PF and other eligible investments
80CCC - Contribution to certain pension fund
80D - Medical insurance premium
80DD - Maintenance and medical treatment to handicapped dependent
80E - Interest on educational loan
80U - Deduction in the case of totally blind or physically handicapped or mentally retarded resident person.

Financial Accounting Paper - V

·         Issue of Shares and Debentures: Shares and share capital
Issue of shares by different modes - IPO, Private placements, preferential, rights, ESOP, SWEAT
Issue of shares at par, premium and discount
Application for shares including minimum subscription, price band, Escrow Account
Allotment of shares including under and over subscription (including Prorata allotment) and calls in arrears / received in advance including interest calculation
Issue of shares for cash including forfeiture and reissue of forfeited shares
Capitalization of reserves and issue of bonus shares.
Issue of debentures at par, premium and discount
Issue of shares and debentures for purchase of business
Issue of shares and debentures for other services

·         Redemption of preference shares: Company law / legal provision for redemption
Sources of redemption including divisible profits and proceeds of fresh issue of shares
Premium of redemption from sale of security and profit of company
Capital redemption reserve account - creation and use
Payment from sources including out of fresh issue / profits

·         Redemption of Debentures: Redemption of debentures at par, premium, discount
Debenture redemption reserve and debenture redemption sinking fund excluding insurance policy
Conversion into new class of shares or debentures with options including at par, premium and discount
Purchase / buy back of own debentures or immediate cancellation or holding including ex and cum interest for purchase / sale price (excluding brokerage thereon)

·         Buyback of shares: Company law / legal provision (including related restrictions, power, transfer to capital redemption reserve account and prohibitions)
Compliance of conditions including sources, maximum limits and debt equity ration
Cancellation of shares bought back

·         Final accounts of Co-operative housing society: Provisions of Maharashtra State Co-operative Societies Act and rules
Accounting provisions including appropriation to various funds
Format of Final Accounts - Form N
Simple practical problems on preparation of final accounts of a co-operative housing society

Management Accounting Paper II

·         Computation Of Total Income And Taxes Thereon: Of individual and HUF (Including rates of taxes & excluding capital gains)
Problems designed to test the knowledge of provisions of income under specific head-
Notes-

·         The problems should not cover more then two heads of income and two deductions

·         The applicability of law for the purpose of examination would be the law in orce as on 31st march immediately preceding the academic year.

·         Ratio Analysis: Interaction of ratios
Projection of financial statements from given ratios and information

·         Capital Budgeting: Introduction, types of capital, sources of capital
Evaluation of capital expenditure proposal from given cash flow, concept of present value,
Techniques of appraisal of investment proposal
Payback period method, Average rate of return method
Net present value method, IRR
Profitability index method

·         Cash Budgeting: Meaning and objective
Budgeting of receipts and payments- trading, non trading and capital
Preparation of monthly budget and finding out closing cash balance

·         Interpretation of financial statements: Contents and importance of notes to accounts, directors report, audit report
Use of notes to accounts, directors report, audit report. Ratios to analyze financial statements

·         Concept of MIS report in Computer environment: Concept, need, characteristics, role of MIS
MIS and business, MIS and computers
MIS generated by accounting software
Limitations of MIS