SLETNE Commerce Syllabus, Subject Code 21, Assam SLET

SLET Commission, Assam (N.E. Ration)

SLETNE Commerce Syllabus, Subject Code No.: 21

Unit 1:

Business Environment and International Business.

Unit 2:

Accounting and Auditing.

Unit 3:

Business Economics.

Unit 4:

Business Finance.

Unit 5:

Business Statistics and Research Methods.

Unit 6:

Business Management and Human Resource Management.

Unit 7:

Banking and Financial Institutions.

Unit 8:

Marketing Management.

Unit 9:

Legal Aspects of Business.

Unit 10:

Income-tax and Corporate Tax Planning.

 Unit – 1: Business Environment and International Business.

(1) Concepts and elements of business environment: Economic environment-Economic systems, Economic policies (Monetary and Fiscal Policies); Political environment-Role of government in business; Legal environment- Consumer Protection Act, FEMA; Socio-cultural factors and their influence on business; Corporate Social Responsibility (CSR).

(2) Scope and importance of international business; Globalization and its drivers; Modes of entry into international
business.

(3) Theories of international trade; Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy.

(4) Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types of FDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’s FDI policy.

(5) Balance of payments (BOP); Importance of components of BOP.

(6) Regional Economic Integration: Levels of Regional Economic Integration; Trade creation and diversion effects; Regional Trade Agreements; European Union (EU), ASEAN, SAARC, NAFTA.

(7) International Economic institutions: IMF, World Bank, UNCTAD.

(8) World Trade Organisation (WTO), Functions and objectives of WTO; Agriculture Agreement; GATS; TRIPS; TRIMS.

Unit – 2: Accounting and Auditing.

(1) Basic accounting principles; concepts and postulates.

(2) Partnership Accounts; Admission, Retirement, Death, Dissolution and Insolvency of partnership firms.

(3) Corporate Accounting: Issue, forfeiture and reissue of shares; Liquidation of Companies; Acquisition, merger, amalgamation and reconstruction of companies.

(4) Holding company accounts.

(5) Cost and Management Accounting: Marginal Costing and Break-even analysis; Standard costing Budgetary control; Process costing; Activity Based Costing (ABC); Costing for decision-making; Life cycle costing, Target costing, Kaizen costing and JIT.

(6) Financial Statement Analysis: Ratio analysis; Funds flow Analysis; Cash flow analysis.

(7) Human Resource Accounting; Inflation Accounting; Environmental Accounting.

(8) Indian Accounting Standards and IFRS.

(9) Auditing; Independent financial audit; Vouching; Verification and valuation of assets and liabilities; Audit of financial statements and audit report; Cost audit.

(10) Recent Trends in Auditing: Management audit; Energy audit; Environment audit; Systems audit; Safety Audit.

Unit – 3: Business Economics

(1) Meaning and scope of business economics.

(2) Objectives of business firms.

(3) Demand analysis: Law of demand; Elasticity of demand and its measurement; Relationship between AR and MR.

(4) Consumer behavior: Utility analysis, Indifference curve analysis.

(5) Law of Variable proportions: Law of Returns to Scale.

(6) Theory of cost: Short-run and long-run cost curves.

(7) Price determination under different market forms: Perfect competition; Monopolistic competition; Oligopoly-Price leadership model; Monopoly; Price discrimination.

(8) Pricing strategies: Price skimming; price penetration; Peak load pricing.

Unit – 4: Business Finance.

(1) Scope and sources of finance; Lease financing.

(2) Cost of capital and time value of money.

(3) Capital structure.

(4) Capital budgeting decisions; Conventional and scientific techniques of capital budgeting analysis.

(5) Working capital management; Dividend decision; Theories and policies.

(6) Risk and return analysis, Asset securitization.

(7) International monetary system.

(8) Foreign Exchange market; Exchange rate risk and hedging techniques.

(9) International financial markets and instruments: Euro-currency; GDRs; ADRs.

(10) International Arbitrage; Multinational capital budgeting.

Unit – 5: Business Statistics and Research Methods.

(1) Measures of central tendency.

(2) Measures of dispersion.

(3) Measures of skewness.

(4) Correlation and regression of two variables.

(5) Probability: Approaches to probability; Bayes’ theorem Probability distributions; Binomial, Poisson and normal distributions.

(6) Research: Concept and types: Research designs.

(7) Data: Collection and classification of data.

(8) Sampling and estimation: Concepts; Methods of Sampling-probability and non-probability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation.

(9) Hypothesis testing: Z-test; t-test; ANOVA; Chi-square test; Mann-Whitney test (U-test); Kruskal-Wallis test (H-test); Rank correlation test.

(10) Report writing.

Unit – 6: Business Management and Human Resource Management.

(1) Principles and functions of management.

(2) Organization structure: Formal and informal organizations; Span of control.

(3) Responsibility and authority: Delegation of authority and decentralization.

(4) Motivation and leadership: Concept and theories.

(5) Corporate governance and business ethics.

(6) Human resource management: Concept, role and functions of HRM; Human Resource Planning; Recruitment and selection; Training and development; Succession planning.

(7) Compensation management: Job evaluation; Incentives and fringe benefits.

(8) Performance appraisal including 360 degree performance appraisal.

(9) Collective bargaining and worker’s participation in management.

(10) Personality; Perception; Attitudes; Emotions; Group dynamics; power and politics; conflict and negotiation; Stress management.

(11) Organizational culture: Organizational development and organizational change.

Unit – 7: Banking and financial Institutions.

(1) Overview of Indian financial system.

(2) Types of banks: commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks.

(3) Reserve Bank of India: Functions; Role and monetary policy management.

(4) Banking sector reforms in India; Basel norms; Risk management; NPA management.

(5) Financial markets; Money market; Capital market; Government securities market.

(6) Financial Institutions; Development Finance Institutions (DFIs); Non-Banking Financial Companies (NBFCs); Mutual Funds; Pension Funds.

(7) Financial Regulators in India.

(8) Financial sector reforms including financial inclusion.

(9) Digitisation of banking and other financial services: Internet banking; mobile banking; Digital payments systems.

(10) Insurance: Types of insurance: Life and Non-life insurance; Risk classification and management; Factors limiting the insurability of risk; Re-insurance; Regulatory framework of insurance-IRDA and its role.

Unit – 8: Marketing Management.

(1) Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategic marketing planning; Market segmentation, targeting and positioning.

(2) Product decisions: Concept; Product line; Product mix decisions; Product life cycle; New product development.

(3) Pricing decisions: Factors affecting price determination; Pricing policies and strategies.

(4) Promotion decisions: Role of promotion in marketing; Promotion methods-Advertising; Personal selling; Publicity; Sales Promotion tools and techniques; Promotion mix.

(5) Distribution decisions: Channels of distribution; Channel management.

(6) Consumer Behaviour; Consumer buying process; factors influencing consumer buying decisions.

(7) Service marketing.

(8) Trends in marketing: Social marketing; Online marketing; Green marketing; Direct marketing; Rural marketing; CRM.

(9) Logistics management.

Unit – 9: Legal Aspects of Business.

(1) Indian Contract Act, 1872; Elements of a valid contract; Capacity of parties; Free consent; Discharge of a contract; Breach of contract and remedies against breach; Quasi contracts;

(2) Special contracts: Contracts of indemnity and guarantee; contracts of bailment and pledge; contracts of agency.

(3) Sale of Goods Act, 1930: Sale and agreement to sell; Doctrine of Caveat Emptor; Rights of unpaid seller and rights of buyer.

(4) Negotiable Instrument Act, 1881: Types of negotiable instruments; Negotiation and assignment; Dishonour and discharge of negotiable instruments;

(5) The companies Act, 2013: Nature and kinds of companies; Company formation Management, meetings and winding up of a joint stock company.

(6) Limited Liability Partnership: Structure and Procedure of formation of LLP in India.

(7) The Competition Act, 2002: Objectives and main provisions.

(8) The Information Technology Act, 2000: Objectives and main provisions; Cyber crimes and penalties.

(9) The RTI Act, 2005: Objectives and main provisions.

(10) Intellectual Property Rights (IPRs); Patents, trademarks and copyrights; Emerging issues in intellectual property.

(11) Goods and Services Tax (GST): Objectives and main provisions; Benefits of GST; Implementation mechanism; working of dual GST.

Unit – 10: Income-tax and Corporate Tax Planning.

(1) Income-tax: Basic concepts; Residential status and tax incidence: Exempted incomes; Agricultural income; Computation of taxable income under various heads; Deductions from Gross total income; Assessment of individuals; Clubbing of incomes.

(2) International Taxation: Double taxation an its avoidance mechanism; Transfer pricing.

(3) Corporate Tax Planning: Concepts and significance of corporate tax planning; tax avoidance versus tax evasion; Techniques of corporate tax planning; Tax considerations in specific business situations: Make or buy decisions; Own or lease an asset; Retain; Renewable or replacement of asset; Shut down or continue operations.

(4) Deduction and collection of tax at source; Advance payment of tax; E-filling of income-tax returns.

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