Glides Fintellect Private Limited

Subjects	Teachers
Principles and Practice of Accounting	CA Gayatri Sethy
Business Law and Business Correspondance and Reporting	CMA Ajay Deep Wadhwa
Business Economics and Business and Commercial Knowledge	CMA Gour Bandhu Gupta
English	Anjana Gupta (M.A., English) (B.ED)
Business Mathematics and logical Resoning & statistics	CMA Gour Bandhu Gupta
Co-ordinator	CMA Manas Kumar Thakur

Course Curriculum

I. Drama:

The Tempest: William Shakespeare (Complete drama)

II. Echoes:

1. Salvatore – W. Somerset Maugham

2. Fritz – Satyajit Ray

3. Quality – John Galsworthy

4. To Build a Fire – Jack London

5. The Story of an Hour – Kate Chopin

6. The Chinese Statue – Jeffrey Archer

7. A Gorilla in the Guest Room – Gerald Durrell

8. The Singing Lesson – Katherine Mansfield

9. The Sound Machine – Roald Dahl

10. B. Wordsworth – V.S. Naipaul

Part-A Financial Accounting-1

Unit-1: Theoretical Frame Work

Introduction to Accounting

Accounting- concept, meaning, as a source of information, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.

Basic Accounting Terms- Entity, Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)

Theory Base of Accounting

Fundamental accounting assumptions: GAAP: Concept

Basic accounting concept : Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity

System of Accounting. Basis of Accounting: cash basis and accrual basis

Accounting Standards: Applicability in IndAS

Goods and Services Tax (GST): Characteristics and Advantages.

Unit-2: Accounting Process

Recording of Business Transactions

Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.

Recording of Transactions: Books of Original Entry- Journal

Special Purpose books

Cash Book: Simple, cash book with bank column and petty cashbook

Purchases book

Sales book

Purchases return book

Sales return book

Journal proper

Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts

Bank Reconciliation Statement:

Need and preparation, Bank Reconciliation Statement

Depreciation, Provisions and Reserves

Depreciation: Meaning, Features, Need, Causes, factors

Other similar terms: Depletion and Amortisation

Methods of Depreciation:

i.Straight Line Method (SLM)

ii. Written Down Value Method (WDV)

Difference between SLM and WDV; Advantages of SLM and WDV

Method of recoding depreciation

i. Charging to asset account

ii. Creating provision for depreciation/accumulated depreciation account

Treatment of disposal of asset

Provisions, Reserves, Difference Between Provisions and Reserves.

Types of Reserves:

i. Revenue reserve

ii. Capital reserve

iii. General reserve

iv. Specific reserve

v. Secret Reserve

Difference between capital and revenue reserve

Trial balance and Rectification of Errors

Trial balance: objectives, meaning and preparation

Errors: classification-errors of omission, commission, principles, and compensating; their effect on Trial Balance.

Detection and rectification of errors;

(i) Errors which do not affect trial balance

(ii) Errors which affect trial balance

preparation of suspense account.

Part B: Financial Accounting – II

Unit 3: Financial Statements of Sole Proprietorship

Financial Statements

Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Opening journal entry. Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation. Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation. Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission. Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.

Part C: Project Work (Any one)

1.Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.

2.Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.

3.Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

Part A: Foundation of Business

Unit 1: Evolution and Fundamentals of Business

1) History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.

2) Business – meaning and characteristics

3) Business, profession and employment Concept

4) Objectives of business

5) Classification of business activities – Industry and Commerce

6) Industry-types: primary, secondary, tertiary Meaning and subgroups

7) Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning

8) Business risk-Concept

Unit 2: Forms of Business organisations

1) Sole Proprietorship-Concept, merits and limitations.

2) Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners

3) Hindu Undivided Family Business: Concept

4) Cooperative Societies-Concept, merits, and limitations

5) Company – Concept, merits and limitations; Types: Private, Public and One Person Company – Concept

6) Formation of company – stages, important documents to be used in formation of a company

7) Choice of form of business organization

Unit 3: Public, Private and Multinational Company

1) Public sector and private sector enterprises – Concept
2) Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company

3) Global Enterprises – Feature. Public private partnership – concept

Unit 4: Business Services

1) Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account

2) Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments

3) Insurance – Principles. Types – life, health, fire and marine insurance – concept

4) Postal Service – Mail, Registered Post, Parcel, Speed Post, Courier – meaning

Unit 5: Emerging Modes of Business

1) E – business: concept, scope and benefits

Unit 6: Social Responsibility of Business and Business Ethics

1) Concept of social responsibility

2) Case of social responsibility

3) Responsibility towards owners, investors, consumers, employees, government and community

4) Role of business in environment protection

5) Business Ethics – Concept and Elements

Part B: Finance and Trade

Unit 7: Sources of Business Finance

1) Concept of business finance

2) Owners’ funds- equity shares, preferences share, retained earnings

3) Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).

Part A: Statistics for Economics

Unit 1: Introduction

What is Economics?

Meaning, scope, functions and importance of statistics in Economics

Unit 2: Collection, Organisation and Presentation of data

Collection of data – sources of data – primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.

Organisation of Data: Meaning and types of variables; Frequency Distribution.

Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and Ogive) and (iii) Arithmetic line graphs (time series graph).

Unit 3: Statistical Tools and Interpretation

Measures of Central Tendency – Arithmetic mean, median and mode.

Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data) Spearman’s rank correlation.

Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.

Part B: Introductory Microeconomics

Unit 4: Introduction

Meaning of microeconomics and macroeconomics; positive and normative economics

What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

Unit 5: Consumer’s Equilibrium and Demand

Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.

Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.

Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method and total expenditure method.

Unit 6: Producer Behaviour and Supply

Meaning of Production Function – Short-Run and Long-Run

Total Product, Average Product and Marginal Product.

Returns to a Factor

Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.

Revenue – total, average and marginal revenue – meaning and their relationship.

Producer’s equilibrium-meaning and its conditions in terms of marginal revenue marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.

Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications.

Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.

Simple Applications of Demand and Supply: Price ceiling, price floor.

Unit-I: Sets and Functions

1. Sets

Sets and their representations, Empty set, Finite and Infinite sets, Equal sets, Subsets, Subsets of a set of real numbers especially intervals (with notations). Universal set. Venn diagrams. Union and Intersection of sets. Difference of sets. Complement of a set. Properties of Complement.

2. Relations & Functions

Ordered pairs. Cartesian product of sets. Number of elements in the Cartesian product of two finite sets. Cartesian product of the set of reals with itself (upto R x R x R).Definition of relation, pictorial diagrams, domain, co-domain and range of a relation. Function as a special type of relation. Pictorial representation of a function, domain, co-domain and range of a function. Real valued functions, domain and range of these functions, constant, identity, polynomial, rational, modulus, signum, exponential, logarithmic and greatest integer functions, with their graphs. Sum, difference, product and quotients of functions.

3. Trigonometric Functions

Positive and negative angles. Measuring angles in radians and in degrees and conversion from one measure to another. Definition of trigonometric functions with the help of unit circle. Truth of the identity, Signs of trigonometric functions. Domain and range of trigonometric functions and their graphs. Expressing sin (x±y) and cos (x±y) in terms of sinx, siny, cosx & cosy and their simple applications. Deducing identities. Identities related to sin2x, cos2x, tan2 x, sin3x, cos3x and tan3x.

Unit-II: Algebra

1. Complex Numbers and Quadratic Equations

Need for complex numbers, especiallyv-1, to be motivated by inability to solve some of the quadratic equations. Algebraic properties of complex numbers. Argand plane.

2. Linear Inequalities

Linear inequalities. Algebraic solutions of linear inequalities in one variable and their representation on the number line.

3. Permutations and Combinations

Fundamental principle of counting. Factorial n. (n!) Permutations and combinations, derivation of Formulae for nPr and nCr and their connections, simple applications.

4. Binomial Theorem

Historical perspective, statement and proof of the binomial theorem for positive integral indices. Pascal’s triangle, simple applications.

5. Sequence and Series

Sequence and Series. Arithmetic Progression (A. P.). Arithmetic Mean (A.M.) Geometric Progression (G.P.), general term of a G.P., sum of n terms of a G.P., infinite G.P. and its sum, geometric mean (G.M.), relation between A.M. and G.M.

Unit-III: Coordinate Geometry

1. Straight Lines

Brief recall of two dimensional geometry from earlier classes. Slope of a line and angle between two lines. Various forms of equations of a line: parallel to axis, point -slope form, slope-intercept form, two-point form, intercept form and normal form. General equation of a line. Distance of a point from a line.

2. Conic Sections

Sections of a cone: circles, ellipse, parabola, hyperbola, a point, a straight line and a pair of intersecting lines as a degenerated case of a conic section. Standard equations and simple properties of parabola, ellipse and hyperbola. Standard equation of a circle.

3. Introduction to Three-dimensional Geometry

Coordinate axes and coordinate planes in three dimensions. Coordinates of a point. Distance between two points.

Unit-IV: Calculus

1. Limits and Derivatives

Derivative introduced as rate of change both as that of distance function and geometrically. Intuitive idea of limit. Limits of polynomials and rational functions trigonometric, exponential and logarithmic functions. Definition of derivative relate it to scope of tangent of the curve, derivative of sum, difference, product and quotient of functions. Derivatives of polynomial and trigonometric functions.

Unit-V: Statistics and Probability

1. Statistics

Measures of Dispersion: Range, Mean deviation, variance and standard deviation of ungrouped/grouped data.

2. Probability

Events; occurrence of events, ‘not’, ‘and’ and ‘or’ events, exhaustive events, mutually exclusive events, Axiomatic (set theoretic) probability, connections with other theories of earlier classes. Probability of an event, probability of ‘not’, ‘and’ and ‘or’ events.

Unit 1: Entrepreneurship: Concept and Functions

Competencies- Vision, Decision making, Logical, Critical and Analytical Thinking, Managing Skills

Contents

Entrepreneurship – Concept, Functions and Need Why Entrepreneurship for You

Myths about Entrepreneurship

Advantage and Limitations of Entrepreneurship

Process of Entrepreneurship

Entrepreneurship – The Indian Scenario

Unit 2: An Entrepreneur

Competencies: Need Achievement, Motivation, Ethics, opportunity seeking, Passion, Independence

Contents

Why be an Entrepreneur

Types of Entrepreneurs

Competencies and characteristics

Entrepreneurial Values, Attitudes and Motivation

Intrapreneur: Meaning and Importance

Unit 3: Entrepreneurship Journey

Competencies: Scanning the environment; Information seeking; creativity; Innovativeness; divergent thinking; Perseverance

Contents

Idea generation.

Feasibility Study and opportunity assessment

Business Plan: meaning, purpose and elements

Execution of Business Plan

Unit 4: Entrepreneurship as Innovation and Problem Solving

Competencies: Risk taking; Determination; Initiative; problem solving ability; Adaptability to changing technologies

Contents

Entrepreneurs as problem solvers

Innovations and Entrepreneurial Ventures – Global and Indian

Role of Technology – E-commerce and Social Media

Social Entrepreneurship – Concept

Unit 5: Understanding the Market

Competencies: Task oriented, Opportunity seeking, resourcefulness, organizational skills, Analytical and logical reasoning

Contents

Market: Concept, Types

Micro and Macro Market Environment

Market Research – Concept, Importance and Process

Marketing Mix

Unit 6: Business Finance and Arithmetic

Contents

Unit of Sale, Unit Price and Unit Cost – for single product or service

Types of Costs – Start up, Variable and Fixed

Break Even Analysis – for single product or service

Unit 7: Resource Mobilization

Competencies: Resourcefulness; Collaboration; Managing Risk; Organizational Skills; Informed Decision Making

Contents

Types of Resources – Physical, Human, Financial and Intangible.

Selection and utilization of human resources and professionals like Accountants, Lawyers, Auditors, Board Members, etc.

Vision for Introducing this Course

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Course Curriculum

Vision for Introducing this Course

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Course Curriculum

English

Accountancy

Business Study

Economics

Mathematics

Enterpreneurship