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Paper 1 : Organization & Management Fundamentals
Objective x To gain basic knowledge in Organizational Management x To understand the concept of business management at the macro level Section I : Organization 30%
1. Nature and Functional Areas of Organization 10% x Organizational structures. x Functional areas of business and their operations x Activities of different functions x Formal & informal organizations: principles of organizations x Criteria for grouping 2. Schools of Organizational theory 10% x Classical, behavioural and systems x Current trend and approaches x Behaviour in organizations x Role of behavioural science 3. Organizational Management 10% x Objectives ( missions, goals and targets) x Conflicts between objectives x Appropriate strategy formulation x Determinants of culture x Different models available for categorizing cultures x Different models of organizational model management available to achieve goal congruence. Section II : Management 70%
4.. Human resource management 20% x Human resource plan x Human issues relating to recruitment, dismissal, retirement and redundancy x Models of Human Behaviour and Motivation and its applications (Taylor, McGregor, Maslow, Hertzberg etc). x Training & development. x Development and design of reward system 5. Management of Relationship 20% x Process of Management covering planning, organizing, staffing, directing, motivating, communicating and control x Concept of power, authority, responsibility and delegation x Characteristics of leaders and managers x Management Style theories x Contingency approach 6. Management of Change 15% x Stages & Process of Management change x Structural change & Cultural change x Approaches to the management of organizational development x Importance of managing critical period of change x Ways of handling these periods of change 7. Pattern of Management x Broad policies and functions x Structural pattern of Board of Directors. x Concept of public sector, social objectives, public sector management x Current management thoughts 15%
ICWAI Syllabus 2008
significance. collection and classification. use of predetermined recovery rates. reserve for bad debts and other adjusting entries. investigation and corrective steps for treatment of stock discrepancies – control through other means. x Preparation of receipts and payments accounts. treatment of under and over absorption. concept and convention – measurement of business income x Position statement x Accounting Standards – national and international ( basic knowledge) 2. cost organization and its relationship with other departments. deferred revenue expenditures. identification of slow. Elements of Cost Accounting 15% x Basics of cost and management accounting: x Evolution of cost accounting and management accounting. x Elements of cost and cost determination. accounting and control. Bank Reconciliation statements 5% x Need for reconciliation between cashbook and bank pass book and problems relating to the preparation of bank reconciliation statements. subsidiary books x Recording of cash and Bank transactions x Preparation of ledger accounts x Preparation of trial balance – interpretation and usefulness 3.Paper2: Accounting (One Paper: 3 hours:100 marks) Objectives x To understand fundamental accounting principles x To understand basic concept of cost accounting 1. perpetual inventory and physical stock taking. treatment of miscellaneous items in cost accounting. closing entries. classification and treatment of direct expenses. 7. x Material cost-purchase procedure. store keeping and stock control. JIT system. opening entries. x Direct expenses – nature. ABC analysis. 6. measurement of labour efficiency and productivity. x Accounting treatment for bad debts. Cost Sheets 15% x Cost data collection x Cost Sheet formats x Preparation of cost sheets. Systems of Bookkeeping 10% x Double entry system. x Bill of Exchange. x Administration. income and expenditure accounts. analysis. adjustment entries and rectification entries. treatment of idle time and overtime. x Depreciation. pricing issue of material and accounting thereof. conversion of single entry system into double entry system of accounting. labour turnover and remedial measures. level of inventories and economic order quantity. x Production overheads – collection. revenue. x Concept of single entry system. x Significance of reserves and provisions. Behaviour of Costs 20% x Fixed & Variable costs x Direct & Indirect costs x Cost Behaviour for decision making x Marginal Costing and Break Even Analysis ICWAI Syllabus 2008 3 . x Cost classification. apportionment. 4. cost concepts and cost object. non-moving and fast moving items. x Labour costs – remuneration methods. monetary and non-monetary incentive schemes. selling and distribution overheads – analysis. collection. accounting and various methods of calculation of depreciation. x Overheads – nature. books of prime entry. consignment and joint venture 5. labour analysis and idle time. report for control of overhead cost. payroll procedures. Basics of Bookkeeping and accounting 10% x Definitions and its usefulness x Financial Accounting principles. analysis of non productive time and its cost. Accounting System 25% x Concept of capital. variable and semi variable overhead. fixed. absorption.
Public Finance 10% x Direct and indirect taxes x Principle of taxation x Effect of taxation on production and distribution x Deficit financing system ICWAI Syllabus 2008 4 . elasticity x Equilibrium x Theory of Production x Cost of production. Banking 10% x Definition x Functions and utility of Banking x Principle of commercial banking x Essentials of sound banking system x Multiple credit creation x Functions of Central Bank x Weapons of credit control and money market x National & International Financial Institutions 7. Wealth. ECONOMICS (60 marks) 1. 2. Basic Concepts of economics 10% x The Fundamentals of Economics & Economic Organizations x Utility. National Income 5% x Gross National Product x Net National Product x Measurement of National Income x Economic growth and fluctuations x Consumptions. x Basic Elements of Supply and Demand.Paper 3 : Economics and Business Fundamentals ( One paper : 3 hours : 100 Marks) Objective x To gain basic knowledge of economics x To understand different structures of organization x To know how stock exchange functions A. International Trade 5% x Basic feature of export and import x Competitive advantage of trade 8. Money 10% x Definition and functions of money x Quantity theory of money x Inflation and effect of inflation on production and distribution of wealth x Control of inflation x Money supply x Liquidity preference and marginal efficiency x Rate of interest and investment 6. savings and investments 4. Theory of Employment 5% x Type of unemployment x Concepts of full employment x Labour and Population theories x Definition of capital and growth of capital x Steps in capital formation 5. Forms of Market 5% x Perfect competition and Imperfect competition x Pricing in perfect and imperfect competition 3.
social and cultural aspects 12.B. interface with legal. Business Fundamentals (40 marks) 9. Business Objectives 5% x Concept and rationale of social responsibility x Business and its environment. Articles of Association and Prospectus x Shares and debentures x Board of Directors and General Meeting 11. Cooperatives x Hindu Undivided Family x Joint Stock Companies x Public Utilities services x State Enterprises x Limited Liability Partnership 10. Company Organization and Management 10% x Types of companies and their formation x Incorporation and commencement of business x Memorandum of Association. Stock Exchange and its workings 10% x Dealers and brokers transactions x Economic significance. condition of membership x Role of stock exchanges . political. Type of Business Unit 10% x Sole proprietorship. Depository participant 13. economic. Companies. Business Communication and Report Writing 5% ICWAI Syllabus 2008 5 . Partnership.
Derivatives and their use.Paper 4: Business Mathematics and Statistics Fundamentals (One Paper: 3 hours:100 marks) Objectives: x To understand basic concepts in mathematics and statistics which are applied in the management science. mixtures x Ratios and proportions x Computation of interest x Discounting of bills 2. circles. mode) x Measurement of Dispersion ( range. Successive & partial differentiation x Maxima & Minima. cylinder. mean deviation. pyramid. frequency distribution x Measures of Central Tendency ( Mean. 1. and spheres ( including zone and segments) 4. Logarithms x Permutations and Combinations x Compound interest x Linear simultaneous equations ( 3 variables only) x Quadratic equations x Solution of linear inequalities ( by geometric method only) 10% 15% 3. integration by part x Definite Integrals: Evaluation of standard integrals. parallelogram. Maxima & Minima under constraint using Lagrange transform x Indefinite Integrals: as primitives. variance) x Measures of Skewness & kurtosis 35% ICWAI Syllabus 2008 6 . regular polygon x Volume and surface of cube.Calculus 15% x Constant &Variables. equation of straight line. Circles. cone. standard deviation. Co-ordinate Geometry 10% x Plain co-ordinate Geometry ( Rectangular Cartesian co-ordinates only) x Length of line segments. Limit & Continuity x Differentiability & Differentiation. Functions. Algebra x Real and imaginary number. Section ratio x Gradient of a line. Statistical Methods x Data tabulation and presentation. Arithmetic x Average. parabola. ellipse and hyperbola ( standard forms only) 5. integration by substitution. prism. rational and irrational number x Set theory and simple application of Venn diagram x Truth table and its applications x Indices and surds x Variation. Median. Mensuration 15% x Area and perimeter of triangles. as area under curve x Applications of Calculus 6.
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