DEPARTMENT OF MANAGEMENT

BIRLA INSTITUTE OF TECHNOLOGY OFFSHORE CAMPUS RAK UAE

PROPOSED COURSE STRUCTURE OF BACHELOR OF COMMERCE (B.COM)

TO BE OFFERED AT BIT OFFSHORE CAMPUS RAK

SEMESTER COURSE TYPE NO. OF COURSES TOTAL CREDIT PER

SEMESTER
1ST Departmental Courses 7 20
2ND Departmental Courses 7 20
3RD Departmental Courses 7 20
4TH Departmental Courses 7 20
5TH Departmental Courses 7 20
6TH Departmental Courses 6 20
Project 1
Total Credit 120

B.COM I SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM101 BUSINESS 3-0-0 3 New syllabus
ORGANIZATION
BCM102 FINANCIAL 3-0-0 3 New BBA Syllabus
ACCOUNTING-I 2012 –BBA 1007
BCM103 BUSINESS ECONOMICS 3-0-0 3 New syllabus
BCM104 GENERAL PRINCIPLES OF 3-0-0 3 New BBA Syllabus
MANAGEMENT 2012 –BBA 1001
BCM105 BUSINESS STATISTICS 3-0-0 3 New BBA Syllabus
2012 –BBA 1003
BCM106 FUNDAMENTALS OF 3-0-0 3 New BBA Syllabus
COMPUTING 2012 –BBA 1009
BCM107 PROG. LAB-I 0-0-3 2 New BBA Syllabus
2012 –BBA 1002

Note: L-Lecture; T-Tutorial; P-Practical

 B.COM II SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM201 BUSINESS 3-0-0 3 New BBA Syllabus
COMMUNICATION -I 2012 –BBA 2009
BCM202 FINANCIAL 3-0-0 3 New BBA Syllabus
ACCOUNTING-II 2012 –BBA 3009
BCM203 PRINCIPLES OF 3-0-0 3 New BBA Syllabus
MARKETING 2012 –BBA 2007
BCM204 BASICS OF FINANCIAL 3-0-0 3 New BBA Syllabus
MANAGEMENT 2012 –BBA 2005
BCM205 BUSINESS 3-0-0 3 New syllabus
MATHEMATICS

BCM 206 ORGANIZATIONAL 3-0-0 3 New BBA Syllabus

BEHAVIOR 2012 – BBA 2001
BCM 207 COMPUTERIZED 0-0-3 2 New BBA Syllabus
ACCOUNTING LAB 2012 – BBA 2002
PROJECT- NON CREDIT- 0
BCM 208 (COMMUNITY SERVICE)

B.COM III SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM301 E-COMMERCE 3-0-0 3 New BBA Syllabus
2012 – BBA 5011
BCM302 MANAGEMENT 3-0-0 3 New syllabus
ACCOUNTING
BCM303 BUSINESS REGULATORY 3-0-0 3 New syllabus
FRAMEWORK
BCM 304 BUSINESS ETHICS 3-0-0 3 New syllabus
BCM305 INTRODUCTION TO 3-0-0 3 New BBA Syllabus
FINANCIAL MARKETS 2012 –BBA 3007
BCM306 HUMAN RESOURCE 3-0-0 3 New BBA Syllabus
MANAGEMENT 2012 –BBA 3003
BCM307 BUSINESS 0-0-3 2 New BBA Syllabus
COMMUNICATION-II 2012 –BBA 1004

B.COM IV SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM401 MANAGEMENT AND 3-0-0 3 New BBA Syllabus
CONTROL OF COSTS 2012 – BBA 4003
BCM 402 CORPORATE 3-0-0 3 New syllabus
ACCOUNTING
BCM 403 REGULATORY 3-0-0 3 New syllabus
FRAMEWORK FOR
COMPANIES
BCM404 BANKING CONCEPT & 3-0-0 3 New BBA Syllabus
PRACTICE 2012 – BBA 6011
BCM 405 BUSINESS RESEARCH 3-0-0 3 New BBA Syllabus
METHODS 2012 – BBA 3001
BCM 406 ENTREPRENEURSHIP 3-0-0 3 New BBA Syllabus
AMD SMALL BUSINESS 2012 – BBA 5001
BCM407 DATA ANALYSIS FOR 0-0-2 2 New BBA Syllabus
DECISION MAKING LAB 2012 – BBA 4002
PROJECT- NON CREDIT- 0
BCM 408 (SOCIAL SCIENCE)

B.COM V SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM501 TAXATION 3-0-0 3 New syllabus

BCM502 INTERNATIONAL 3-0-0 3 New syllabus
ACCOUNTING
BCM503 INTERNATIONAL 3-0-0 3 New Syllabus
ECONOMICS
BCM 504 PROJECT MANAGEMENT 2-0-0 2 New BBA Syllabus
2012 – BBA 6003
BCM505 STRATEGIC 3-0-0 3 New BBA Syllabus
MANAGEMENT 2012- BBA5009
BCM506 SERVICES MARKETING 3-0-0 3 New BBA Syllabus
2012- BBA6009
BCM507 FINANCIAL SERVICES 0-0-3 3 BBM Syllabus 2009 –
BMFIN503

B.COM VI SEMESTER

Subject Code Course Name L-T-P Credit Comments

BCM601 AUDITING 3-0-0 3 New syllabus
BCM 602 CORPORATE TAX 3-0-0 2 New syllabus
PLANNING
SPECIALIZATION Refer Below for
PAPER-1 3-0-0 3 Specialization Papers
PAPER-2 3-0-0 3
PAPER-3 3-0-0 3
PAPER-4 3-0-0 3

BCM603 PROJECT 3

NOTE: STUDENTS MAY CHOOSE ANY ONE SPECIALIZATION AREA (EITHER BANKING OR
FINANCE) AND WILL HAVE TO STUDY ANY FOUR SUBJECTS FROM CHOSEN AREA OF
SPECIALIZATION
 BANKING SPECIALIZATION
Subject Code Course Name L-T-P Credit Comments
BCM604 RETAIL BANKING 3-0-0 3 New Syllabus
BCM 605 MANAGEMENT OF 3-0-0 3 New Syllabus
BANKING OPERATIONS
BCM606 BANK RISK 3-0-0 3 New Syllabus
MANAGEMENT
BCM607 ISLAMIC BANKING 3-0-0 3 New Syllabus
BCM608 ACCOUNTING AND 3-0-0 3 New Syllabus
FINANCE FOR BANKERS
BCM 609 INTERNATIONAL 3-0-0 3 New Syllabus
BANKING

FINANCE SPECIALIZATION
Subject Code Course Name L-T-P Credit Comments
BCM610 PORTFOLIO 3-0-0 3 Old BBM Syllabus
MANAGEMENT 2009-BMFIN603
BCM611 WORKING CAPITAL 3-0-0 3 Old BBM Syllabus
MANAGEMENT 2009 – BMFIN502
BCM612 FUNDAMENTALS OF 3-0-0 3 New Syllabus
INVESTMENTS
BCM613 MANAGEMENT OF 3-0-0 3 New Syllabus
FINANCIAL SERVICES
BCM614 INTERNATIONAL 3-0-0 3 New BBA Syllabus
FINANCE 2012 – BBA 6015
BCM615 INSURANCE 3-0-0 3 New syllabus
MANAGEMENT
 B.COM
SEMESTER VI
BCM 601 Auditing

Module I-
Meaning and objects of auditing, types of audit, internal audit

Module II –
Audit process, audit programme, audit note book, working paper and consideration of
commencing an audit, routine checking and test checking, internal check system, internal
control., sueveillence audit

Module III-
Audit procedure: vouching, verification of assets and liabilities

Module IV-
Audit of limited companies:
a. Company auditor – appointment, powers duties and liabilities
b. Audit of divisible profits and dividends
c. Auditor’s report – standard report and qualified report

Module V -Audit of educational institutions

Module VI -Recent trends in auditing : management audit

References:
1. Gupta, Kamal, Auditing, TMH, New Delhi
2. Ghatalia S.P., Auditing
3. Saxena R. G., Auditing, Himalaya Publishing House
4. Tandon B. N., Principle of Auditing, S. Chand & Co.
BCM 602 – CORPORATE TAX PLANNING

1. Introduction to Tax Management: Concept of tax planning; Tax avoidance and

tax evasion Corporate taxation and dividend tax.

2. Tax planning for New Business: Tax planning with reference to location,
nature and form organisation of new business.

3. Tax Planning and Financial Management Decisions: Tax Planning relating to

Capital structure decision, dividend policy, inter-corporate dividends and
bonus shares.

4. Tax Planning and Managerial Decisions: Tax planning in respect of own or

lease, sale assets used for scientific research, make or buy decisions;Repair,replace, renewal of
renovation and shutdownor continue decisions.

5. Special Tax Provisions: Tax provisions relation to free trade zones, infrastructure sector and
backward areas;Tax incentives for exporters.

6. Tax payment: Tax deductions and collection at source, Advance payment of tax, interest,
refund

7. Lab - Filing of tax returns – India and US- , Individual and Corporate, Date of filing of return,
relevant forms of return, different types of returns, return by whom to be signed, PAN, TAN,
Assessment,

REFERENCES;
1. Ahuja G.K. and Ravi Gupta; systematic approach to income Tax and Central
SalesTax Bharat Law House, New Delhi.
2. Circulars issued by C.B.D.T.
3. Income Tax Act, 1961.
4. Income Tax Rules, 1962
5. Kanga and Palkhivala: The law and practice of Income Tax, N.M.Tripathi
Pvt.Ltd.
6. Lakhotia, R.N.: Coroporate Tax Planning, Vision Publication, Delhi.
7. Singhania, V.K. Direct Taxes Planning and Management, Taxman's
publication Delhi.
8. Singhnia,Vinod K: Direct tax planning and Management, Taxmann
Publication, Delhi..
ELECTIVES PAPERS – FINANCE GROUP
BCM610 – PORTFOLIO MANAGEMENT

Module I:
What is Portfolio Management-Why Portfolios -Phases of Portfolio Management-Evolution of
Portfolio Management-Role of Portfolio Management.

Module II:
Portfolio Analysis – Expected return of a Portfolio – Risk of a Portfolio – Markowits Risk –
Return Optimization - Reduction of Portfolio Risk through Diversification.

Module III:
Portfolio Selection –Feasible set of Portfolios – Efficient Set of Portfolios – Selecting the Best
Portfolio – Simple Sharpe Portfolio Optimization – Significance of Beta in the Portfolio –
Traditional Portfolio Selection.

Module IV:
Capital Asset Pricing Model (CAPM) – Fundamental Notions of Portfolio theory – assumptions
of CAPM – Efficient Frontier with Risk less Lending and Borrowing – The capital Market Line
–The 7 Security Market Line – Pricing of securities with CAPM.

Module V:
Portfolio Revision – Need for Revision – Meaning of Portfolio Revision – Constraints in
Portfolio Revision –Revision Strategies – Formula Plans – Constant Rupee Plan – Constant
Ratio Plan – Dollar Cost Averaging.

Module VI:
Portfolio Evaluation – Need for Evaluation –Evaluation Perspective – Meaning of Portfolio
Evaluation – Measuring Portfolio Return – Risk Adjusted Return – Differential return.

Module VII:
Managed Portfolios and Performance Measurements – Classification of Managed Portfolios –
Investment Companies– Closed End companies –Dual Funds – Open – end Companies –
Management Companies – Money Market funds –Municipal bond Funds – Index Funds- Mutual
funds

Text Books:
1. INVESTMENT MANAGEMENT by V.K. BHALLA
2. SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT by DONALD E. FISCHER
and RONALD J. JORDAN
India
3. Fundamentals of Investment, Geoffrey A Hirt, stanley Block - Irwin/McGraw-Hill
Reference Books:
1. SECURITY ANALYSIS and PORTFOLIO MANAGEMENT by PUNITHAVATHY
PANDIAN
2. SECURITY ANALYSIS and PORTFOLIO MANAGEMENT by S. KEVIN
3. INVESTMENT MANAGEMENT by PRASANNA CHANDRA
BCM 611– WORKING CAPITAL MANAGEMENT

MODULE I: - PRINCIPLES OF WORKING CAPITAL MANAGEMENT -Concept,

meaning and importance of working capital, Liquidity Vs. Profitability, Risk – Return Trade Off,
Operating and Cash Conversion cycle, Permanent and Variable working capital, demerits of
excessive or inadequate level ofworking capital, Determinants of working capital requirements.

MODULE II: - RECEIVABLES MANAGEMENT - Credit Policy – Nature and Goals, Credit
Policy Variables – Credit Standards, Credit Period, Cash Discount and Collection Efforts, Credit
Evaluation, Credit Information, Financial Statement, Bank References, trade References, Market
References, Credit investigation & Analysis, analysis of Credit file, Analysis of Financial Ratios,
Analysis of Business and Management, Risk Analysis, Credit Granting Decision, Credit Limit,
Credit Period, Controlling and Monitoring of Accounts Receivables, Average Collection Period,
Aging Schedule, Collection Matrix. Factoring –Mechanics of Factoring, types of Services
provided.

MODULE III: - INVENTORY MANAGEMENT - General Nature and types of Inventories,

Need for Inventories, Inventory Management Techniques, Order Quantity-EOQ Model- EOQ
Formula, assumptions of EOQ Model, Quantity Discounts and Order Quantity, Re-order Point
and Order Point Formula, safety Stock- Pricing of Raw Materials and Valuation of Stocks-
FIFO,LIFO, Weighted Average Cost Method, Valuation Methods.

MODULE IV: - MONITORING AND CONTROL OF INVENTORIES - ABC Analysis,

Two-Bin System, Just in Time (JIT), System Outsourcing Criteria for judging the Inventory
System, Comprehensibility, Adaptability and Timeliness.

MODULE V: - CASH MANAGEMENT - Cash Management Cycle, Motives for Holding

Cash, Cash Planning, Cash Forecasting and Budgeting, short term, Long term and sensitivity
Analysis.

MODULE VI: - MANAGING CASH COLLECTIONS AND DISBURSEMENTS -

Accelerating Cash Collections, Decentralized Collection, Lock-box System, and Cash Collection
Instruments, controlling Disbursements or payment float. Inventory surplus cash in marketable
securities, Factors for selection of Investment opportunities, types of Short term investment
opportunities.

MODULE VII: - WORKING CAPITAL FINANCE - Accrued Expenses and Deferred

income, Trade Credit-Credit Terms, Benefit & Cost of Trade Credit.Bank Finance-Forms and
Methods, Public Deposits, Inter Corporate Deposits, Commercial Paper, and Certificates of
Deposits.

Text Books:
1. Financial Management: I. M. Pandey
2. Financial Management: P. Chandra
Reference Books:
1. Financial Management: Khan and Jain , 2. Financial Management: Ravi M. Kishore
BCM614 INTERNATIONAL FINANCE

Course Description:

The main aim of this course is to make the students to understand the importance of international
finance and various mechanisms being practiced in international finance and trade. This course is
also designed to make the students to understand and apply exchange rate mechanisms and
various international financial instruments. It will also impart knowledge to the students on the
export and import procedures and various documents necessary for international trade. They will
also be exposed to FDI and its theories.

1. Introduction:
Nature and Scope of International Finance, Importance of the study of International Finance,
International Finance and Domestic Finance, An overview of International trade and Finance

2. International trade and Finance:

Modes of International trade and Balance of payments, Current Account Transactions,
Capital Account transactions, Official Reserve account, sectoral independence,
International independence, domestic and foreign trade, components of International
Financial system, foreign exchange market, International Currency market

3. Exchange Rate Mechanism:

Meaning of Foreign Exchange Market, Exchange rate quotation, exchange rate
determination in spot Market, Factors influencing Exchange Rate, Exchange Rate
Theories- Purchasing Power parity, Interest Rate Parity

4. Theories of Exchange Rate Behaviour:

Balance of Payments approach, monetary approach, Portfolio balance approach.

5. International Financial Market Instruments:

International equities, International Bonds, Secondary Market operation of International
Securities, Short term and Medium term Instruments.

6. Export Import Procedures and Documentation:

Terms of Export Import Order, Letter of Credit, Main documents-Bill of lading, air way
bill, Bill of Exchange, CBO’s role as exchange control authority.

7. Foreign Direct Investment:

Costs and Benefits of FDI, Strategy for FDI, Control of MNCs, Theories of FDI –
Industrial Organization Theory, Product cycle Theory, Currency Based Approach.

Text Books:
1. Avadhani, V.A ( 2004) , International Finance, Himalaya Publishing HouseNew Delhi,
5th edition {3, 4, 5 and 6}
2. Apte P.G (2011), International Financial Management , Tata McGraw-Hill 6th edition { 1
&2 }
3. Madura (2006 ) International Corporate Finance, Thomas Learning, Singapore, 8th edition
Reference Books:
1. Sharan, V. (2010) International Financial Management (PHI Learning Private
Limited, New Delhi,
2. Madura (2006 ) International Corporate Finance, Thomas Learning, 8th edition,
Singapore
BCM 615 INSURANCE MANAGEMENT

Module I:
Introduction: Definition of Insurance; Nature of Insurance; Purpose and need of Insurance;
Mechanism of Insurance; Concept of Insurance; Double Insurance and Reinsurance; Insurance as a
Social security tool; Role of Insurance in economic development of a country.

Module II:
Principles of insurance: Contract of Insurance; Distinguishing features of Insurance contract;
Principle of Indemnity; Principle of Utmost Good Faith; Principle of Insurable interest; Requisites
of Insurable risks; Principle of Subrogation; Principle of Contribution.Insurance Laws: Insurance
Regulatory and Development Authority Act 1999 (IRDA); Consumer Protection Act 1986
(COPRA).

Module III:
Types of Insurance: Life and Non life Insurance: Introduction and concept; Important activities of
Life Insurance Cos., Principles of Life Insurance; Fire Insurance: Introduction and Concept; Marine
Insurance: Cargo Insurance and Hull Insurance, Types of Marine Insurance contract; Motor
Insurance: Meaning, Categories, and Certificate of Insurance; Health Insurance: Meaning and
Concept; Liability Insurance: Meaning and Concept.

Module IV:
Claims: Introduction; Legal aspects; Preliminary procedures; Investigation and Assessment;
Surveyors and Loss Assessors; Claim documents; Arbitration; Limitation; Settlement; Post
settlement action; Loss minimization; Salvage; Recoveries.

Module V:
Functions and organisation of insurer: Functions of Insurer: Production (Sales), Underwriting, Rate
making, Managing claims and losses, Investing and Financing, Accounting and other record
keeping, Providing other services like, Legal advices, Marketing research, Engineering, Personnel
management etc;

Module VI:
Insurance and Risk Management: Definition of Risk; Concept of Risk; Concept of Pure Risk in
Insurance; Insurance as a Risk Transfer tool; Risk manager vs. Insurance manager.

Reference Text Books:

1. Principles of Insurance – Insurance Institute of India, Mumbai
2. Practice of Insurance – Insurance Institute of India, Mumbai