SEMESTER-IV
B.Com
Discipline Specific Core Course- 4.1(DSC-4.1): Entrepreneurship & New
Venture Planning
CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE
Course Credits Credit distribution of the course Eligibility Pre
title Lecture Tutorial Practical/ criteria requisite
& of the
Practice
Code course
(if any)
Pass in Class XII NIL
Entreprene
urship &
New
Venture
Planning
DSC- 4.1
Learning Objective:
This course aims at instituting entrepreneurial skills in the students by giving an overview of
entreprencurship and the competencies that are needed to become an entrepreneur. To enable students to
explore and launch entrepreneurial ventures in their own arcas of interest.
Learning Outcomes:
After completion of the course, learners will be able to:
1. Describe distinct entreprencurial traits.
2. Recognise the process and nature of entrepreneurship.
3. Identify the different ways in which entrepreneurs manifest in start-ups.
4. Comprehend the entrepreneurial process for initiating new venture creation.
5. Design strategies for the successful implementation ofinnovative ideas of new ventures.
SYLLABUS OF DSC-4.1
Unit 1: Introduction (9 hours)
Concept and Definitions Entrepreneurship, Entrepreneurial Mind-set, Traits/Qualities of Entrepreneurs,
Entreprenecurship process; Theories of entrepreneurship: Factors affecting the emergence of
entreprencurship: Role of an entrepreneur in cconomic growth as an innovator;, Generation of employment
opportunities; complementing and supplementing cconomic growth; Bringing about social stability and
balanced regional development of industries. 111
Unit 2: Types of Entrepreneurs (9 hours)
Classification and Types of Entrepreneurs; Women Entrepreneurs; Social Entreprencurship; Corporate
Entreprencurs, Family Business: Concept, structure, and kinds of family firms; Culture and evolution of
family firm; Managing Business.
Unit 3: Business plan (9 hours)
Creating Entreprencurial Venture: Generating Business ideas, Team building, Sources of Innovation,
Creativity, and Entrepreneurship; Challenges in managing innovation; Entreprencurial strategy and Scaling
up, Business planning process; Drawing business plans; Failure of the business plan.
Unit 4: Mobilizing Resources (9 hours)
Resource Mobilization for entrepreneurship: Resources mobilization, types of resources, Process of
resource mobilization, Arrangement of funds; writing a Funding Proposal, Traditional sources of financing,
Venture capital, Angel investors, Business Incubators.
Unit 5: Managerial Aspects of Business and Government Initiatives (9 hours)
Managing finance; Understanding capital structure; organisation structure and management of human
resources of a new enterprise; Marketing-mix; Management of cash; Relationship management; Cost
management, Government initiatives for promoting entrepreneurship.
Exercises:
The learners are required to:
1. Discuss various cases of entreprencurshipand distinguish between different entrepreneurial
traits.
2. Prepare a business plan for a start-up venture in a rural setting after analyzing the various
facets of the rural economy.
3. Analyse and present the key initiatives of the government of india for promoting
entrepreneurship in the country in a business arca.
4. Analyse and interpret case study on business philosophy at Tata Group, Aditya Birla Group.
Reliance ndustries Limited, and similar organisations.
5. Participate in business plan competition-designing a business plan proposal and identifying
alternative sources of raising finance for the start-ups.
Suggested Readings:
Barringer, B.R., & Ireland, R.D. (2015). Entrepreneurship. Pearson.
Gersick. K.E.. Davis, J. A., Hampton, M. (1997)..Generation to generation:
M.,&ard
Life cycles of thefamily business. Boston, United States: Business School Press.
Hisrich, R.D., Manimala, M.J., Peters, M.P., &Shepherd, D.A. (2013). Entrepreneurship. Delhi,
India: Tata McGraw Hill.
Kuratko, D.F., &Rao, T. V. (2012). Entrepreneurship: 4 South-Asian Perspective .Cengage.
Shukla, M.B. (2007). Entrepreneurship and Small Business Management. Allahabad, India:
Mahal Publishers.
In Kitab
Nicholls, A. (Ed.). (2006). Social entrepreneurship new models of sustainable social change.
London: United Kingdom: Oxford University Press.
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Hishrich, R.D., & Peters, M.P.(2017), Entrepreneurship. Delhi, India: Tata McGraw Hill.
Scarborough, N. M., Cornwall, J. R., &Zimmerer, T. (2016). Essentials of entrepreneurshipand
small business management. Boston, United States: Pcarson.
Shankar, R. (2012). Entrepreneurship Theory and Practice. Delhi, India: Tata McGraw Hill.
Note: Suggested readings will be updated by the Department of Commeree and uploaded on the
Department's website.
Discipline Specific Core Course- 4.2(DSC-4.2): Cost Accounting
Course Credi Credit distribution of the Eligibi Pre
title ts course lity requisite
& criteri of the
Lectu Tutori Practical/
Code course
Cost
Accounting
3
re al Practice
. (if any)
Pass in Class NIL
XII
DSC- 4.2
Learning Objective: The course aims to develop understanding among learners about contemporary cost
concepts and rational approach towards cost systems and cost ascertainment. The course also aims to
provide knowledge about various methods of cost determination under specific situations and to acquire
the ability to use information determincd through cost accounting for decision making purposes.
Learning Outcomes:
After completion of the course, learners will be able to:
1. Discuss and analyze the different cost concepts.
2. Determine various components of cost of production.
3. Compute unit cost and total cost by preparing a cost statement.
4. Compute employee cost, employee productivity and employee turnover.
5. Determine cost for different industries using job costing, process costing, contract costing and
service costing.
SYLLABUS OF DSC-4.2
Unit 1: Introduction(1l hours) 114/354
Meaning, scope, objectives and advantages of cost accounting: Difference between financial and cost
accounting. Cost concepts and classifications, Overview of clements of cost and preparation of Cost
Sheet for manufacturing sector. Role of a cost accountant in an organisation. Cost Accounting
Standards (CAS - 4 on Cost of Production / Acquisition / Supply of Goods / Provision of Services)
and (CAS- 22 on Manufacturing Cost) as amended from time to time.
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Unit 2: Elements of Cost : Material and Employee Cost (9 hours )
(a) Materials: Accounting and control of purchases, storage and issue of materials. Techniques of
inventory control, Periodic and perpetual systems of maintaining inventory records, an overview
of methods of pricing of materials issues FIFO, LIFO and Weighted Average price method,
Valuation of materials as per CAS- 6 on Material Cost, Accounting treatment of losses
Wastage, scrap, spoilage and defectives
(b) Employee (Labour) Cost: Accounting and Control of employee cost. Time-keeping and time
booking. Employee turnover: meaning, methods of measurement and accounting treatment.
Concept and treatment of idle time and overtime. Methods of wage payment and Incentive
schemes- Halsey, Rowan, Taylor's differential piece wage.
Unit 3: Elements of Cost: Overheads (9 hours )
Classification, allocation, apportionment and absorption of overheads, Under and over- absorption of
overheads; Capacity Levels and Costs; Treatments of certain items in costing like interest and
financing charges, packing expenses, bad debts, research and development costs.
Unit 4: Methods of Costing (9 hours )
Job costing, Contract costing., Process costing (including process losses, valuation of work-in
progress). Service costing (only transport)
Unit 5: Cost Aceounting Book-Keeping Systems (7 hours )
An overview of integral and non-integral systems; Reconciliation of cost accounting profit with
financial profits.
Notes :
1. Treatment of various items of cost should be as per the relevant cost Accounting
Standards (CAS) issued by Institute of Cost Accountant of India.
2. Use of spreadsheet software should be encouraged for the basic calculation.
Exercises:
The learners are required to:
1. Prepare a cost statement for manufacturing and/ or service organisation.
2. Identify the items to be included and excluded in the material and labour costs.
3. Visit a factory and analyse different elements of overhead costs.
4. Visit industries to understand process costing and prepare a cost statement for any
5. Process industry.
6. Suggest a suitable cost system for different types of services organisation.
Suggested Readings:
Arora, M.N. (2021). Cost Accounting-principles and practice. Delhi, India: Vikas
Publishing House.
Goel, R. K., &Goel, I. (2019). Concept Building Approach to Cost Accounting for B. Com
(Hons.)/B.Com. Delhi, India: Cengage Publications.
Gupta, S., R., &Prabhakar, R. R. (2021 ), Cost Accounting for B. Com. Delhi, India: Sultan Chand.
Maheshwari, S. N., & Mittal, S. N. (2020). Cost Accounting. Theory and Problems. Delhi, India:
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Shri Mahaveer Book Depot.
Maheshwari, S. N., Mittal S. K., & Mittal, S.N. (2021). Cost Accounting: Principles &Practice.
Delhi, India: Shree Mahaveer Book.
University Press.
Mitra, J. K. (2021). Cost and Management Accounting. Delhi, India: Oxford Delhi, India: PHI
Practice.
Nigam, B. M. L., & Jain, I. C. (2023). Cost Accounting: Principles and
Learning.
Singh, S. (2019). Fundamentals of Cost Accounting. Allahabad, India: Kitab Mahal.
Tulsian, P.C. (2020). Cost Accounting. Delhi, India: S.Chand.
Additional Resources:
Drury, C. (2018). Management and Cost Accounting. China: Cengage.
Emphasis. Delhi,
Horngren, C. T., Foster, G., & Dattar, S. M. (2017).Cost Accounting: AManagerial
India: Prentice Hall of India Ltd.
India:
Jain, S.P., & Narang, K.L. (2021). Cost Accounting: Principles and Methods. Jalandhar,
Kalyani Publishers.
Commerce and uploaded on the
Note: Suggested readings will be updated by the Department of
Department's website.
Discipline Specific Core Course- 4.3 (DSC-4.3): International Business
Course Credi Credit distribution of the Eligibi Pre
lity requisite
title ts cOurse
criteri of the
& Lectu Tutori Practical/
course
Code
re al Practice (if any)
3 0 Pass in Class NIL
Internation
XII
al Business
DSC- 4.3
Learning Objectives:
business to the students. The course
The course aims to impart the core body of knowledge in international
and also create awareness
would introduce students to the international trading and investment environment
in the context of international
about emerging issues such as outsourcing and sustainable development
business.
Learning Outcomes:
After completion of the course, learners will be able to:
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1. Analyse the process of globalization and its impact on growth of
2. Evaluate the changing dynamics of the diverse international
international business.
business
3. Analyse the thcoretical dimensions of internationaltrade as well as environment.
intervention measures adopted.
4. Analyse the significance of different forms of regional economic
various international economic organisations. integration and the role played by
5. Evaluate the forms of foreign direct investment and analyse benefits and costs of
FDI.
SYLLABUS OF DSC-43
Unit 1: Introduction to International Business (7 hours)
Globalization - concept, significance and impact on international business; international business contrasted
with domestic business; complexities of international business; internationalization stages and orientations;
modes of entry into international businesses.
Unit 2: International Business Environment (11 hours)
Role of political and legal systems in international business; cultural environment of
implications of cconomic environment for international business. international business;
Unit 3: International Trade (9 hours)
Theories of international trade-Theory of Absolute Advantage theory, Theory of Comparative Advantage,
Factory Proportions theory and Leontief paradox, Product Life Cycle theory, Theory of National
Competitive Advantage; Instruments of trade control.
Unit 4: Regional Economic Integration and International Economic Organisations (9 hours)
Forms of regional economic integration; Integration efforts amongst countries in Europe, North America
and Asia: EU, USMCA, and SAARC; Cost and benefits of regional economic integration.
International Economic Organisations: WTO- functions, structure and scope; World Bank and IMF
Unit 5: International finance and contemporary issues in IB (9 hours)
Types ofFDI -Greenfield investment, Mergers &Acquisition, strategic alliances; benefits and drawbacks
of FDI
Overview of Exchange Rate systems
Contemporary issues in international business: Outsourcing and its potential for India; international
business and sustainable development.
Exercises:
The learners are required to:
1. Demonstrate through case studies the suitability of cach mode of entry in intemational business.
2. Conduct a comparative analysis of countries which are different in terms of
political/Megal/economic/cultural environment to understand the impact of these dimensions on
international business.
3. Analyse data on trade of select countries to examine if trade patterns conform to different trade
theories.
4. Conduct an in-depth study of a regional cconomic arrangement and evaluate its costs and benefits
by applying the theoretical knowledge gained during the course
5. Make presentations on developments in contemporary issues affecting international business such
as sustainable development.
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Suggested Readings:
" Bennett, R. (2006). International Business. Delhi, India: Pearson.
. Management
Cavusgil, s. T., Knight, G., &Riesenberger, J. (2006). International Business: Strategy.
and the New Realities. India: Pearson India.
. Hill, C.w.L, &Jain, A. K. (2011). International Business. Delhi, India: Tata MeGraw
Hill.
Chaturvedi, D.D., Jindal, D., & Kaur, R. (2022). International Business. Delhi, India:
Scholar Tech Press.
Daniels, J. D., Radenbaugh, L. H., & Sullivan, D. P. (2016). International Business.
Pearson Education.
" Griffin, R. W., & Pustay, M. W. (2014). International Business - A Managerial
Perspective. New Jersey, United States: Prentice Hall.
" Joshi, R.M. (2009). International Business. Delhi, India: Oxford University Press.
" Menipaz, E., Menipaz A., & Tripathi S.S. (2017). International Business: Theory and
Practice. Delhi, India: Sage Publications India Pvt. Ltd.
Additional Resources
" Economic Survey, various issues.
RBI Report on Currency &Finance, various issues.
World Investment Reports, UNCTAD
Websites: RBI, IMF, WORLD BANK, IWVTO.
WTO Annual reports
Note: Suggested readings will be updated by the Department of Commerce and uplodnd
Department's website.
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