K. J.

SOMAIYA COLLEGE OF ARTS AND COMMERCE

(Autonomous)
VIDYAVIHAR, MUMBAI
MUMBAI-77

Re-accredited
accredited by NAAC with ‘A’ grade and CGPA: 3.33
College with Potential for Excellence by UGC
(Affiliated to University of Mumbai)

SYLLABUS
AND
SCHEME OF EXAMINATION

Program: B.Com (Third Year)

Course: Financial Accounting & Auditing

SEM IV

As per
CHOICE BASED SEMESTER & GRADING SYSTEM
(75-25 Marks Pattern)
(With effect from the Academic Year: 2020-2021)

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 1

1. Name of the Programme : B.Com
2. Paper No. : Paper IV
3. Course Title : Accountancy and Financial Management
4. Code of the Course : UBCOMSSIV.1
5. No. of Credits : 04
6. No. of lectures : 60
7. No. of lectures per week : 04

Preamble:
The course is introduced to make
ke the student aware of the accounting, book keeping &
record maintenance principles, methodology and practical exposure. Also, enhance the
analytical ability & help in informed decision making.

Objectives:

1. To provide adequate basic understanding about accounting and financial education to

the students.
2. To emphasize on conceptual knowledge and thereby prepare for professional courses
and make them employable in the
t fields of accounting and finance.
Learning Outcomes:
At the end of the Sem IV students will be able to:
1. Learn the need of issuance of Indian Accounting standards
2. Prepare and present financial statement of companies as per schedule III of Indian
Companies Act, 2013.
3. Calculate the Profit prior to Incorporation of a Company.
4. Analyse the ratio from the perspective of stakeholders to evaluate the profitability
and the financial position of an entity.

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 2

Modules Title
1 Company Final Accounts 20 Lectures
Relevant provisions of Companies Act related
Final Account (excluding Cash Flow
Statement)
Preparation of profit and loss a/c and balance sheet as per
revised schedule III
of Companies Act 2013
2 Ratio Analysis
Significance of Ratio Analysis in Financial Management
Computation of following ratios -
Balances heet Ratio
1. Current Ratio
2. Liquid Ratio
3. Stock Working Capital Ratio
4. Proprietary Ratio
5. Debt Equity Ratio
6. Capital Gearing Ratio
Revenue Statement Ratios
1. Gross Profit Ratio
2. Expenses Ratio
3. Operating Ratio
4. Net Profit Ratio
5. Net Operating Profit Ratio
6. Stock Turnover Ratio
Combined Ratio
1. Return on Capital Employed
2. Return on Proprietors Fund
3. Return on Equity Capital
4. Dividend Payout Ratio
5. Debt Service Ratio
6. Debtors Turnover Ratio
7. Creditors Turnover Ratio
8. Debt EBIT Ratio
Debt/EBIDTA Ratio

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 3

 3 Profit Prior to Incorporation
Principles for ascertainment
Preparation of separate, combined and columnar profit and
loss a/c including different basis of allocation of expenses/
incomes
4 Overview of Indian Accounting Standards in comparison
with IFRS 10 Lectures
Ind AS Continued …….
1) Ind AS - 16 (Property , Plant & Equipment)
2) Ind AS - 33 (Earning per Share)
3) Ind AS - 37 (Provisions, Contingent Liabilities &
Contingent Assets)
4) Ind AS - 101 (First-time
time adoption of Indian Accounting
Standards)

Evaluation Pattern:

The Performance of the learners shall be evaluated in two parts – Internal Assessment with
25% marks in the first part and semester end examination with 75%marks in the second part.
The allocation of marks for the internal assessment and Semester End examination are as
shown below:

Scheme of Examination (Internal)

1) Class test – Online exam 20 Marks

2) Active participation
05 Marks

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 4

Sample of MCQs for internal assessment (Each question carries 1 marks)

1. Sundry Debtor is classified as __

a) Trade Payable b) Trade Receivable c) Long term Assets

2. Current Ratio is _____

a) Balance
alance Sheet ratio b) Combine ratio c) Profit and Loss A/c ratio

Scheme of Examination (External)

Duration : 2 ½ Hrs.

Q. 1 Objective Questions 15 Marks

A) Sub Questions to be asked 10 and to be answered any 08
B) Sub Questions to be asked 10 and to be answered any 07
(*Multiple choice / True or False / Match the columns, Fill
in the blanks)
Q.2 Full Length Practical Question 15 Marks
OR OR
Q.2 Full Length Practical Question 15 Marks

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 5

 Q.3 Full Length Practical Question 15 Marks
OR OR
Q.3 Full Length Practical Question 15 Marks
Q.4 Full Length Practical Question 15 Marks
OR OR
Q.4 Full Length Practical Question 15 Marks
Q.5 A) Theory questions 8 Marks
B) Theory questions 7 Marks
OR
Q.5 Short Notes
To be asked 05 15 Marks
To be answered 03
Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07
marks.

References:

1. Amitabh Mukherjee & Mohammad Hanif (2006), “Modern Accountancy”, Tata

McGraw Hill
2. M C Shukla& T S Grewal(2002), “Advanced Accounting”, S. Chand & Co Ltd.
3. P.C. Tulsian (1998), “Financial Accounting”, Tata McGraw Hill
4. R.L. Gupta & M. Radhaswamy (1996), “Advanced Accountancy”,
Accountancy”, S. Chand & Sons
5. Dr. S N Maheshwari , “Fundamental of Accounting “, Vikas Publishing House
Private Limited

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 6

Composition
omposition of Subject Board 2019-20
2019

Head of Department Prof. John Joseph

Head of Commerce department

K. J. Somaiya college of Arts & Commerce,

Autonomous

Faculty from the department Dr. Mayuresh Mule

CA. KetakiKetkar

Subject Expert (Nominated by CA. UdayShetty

Vice-chancellor) Associate Professor, RDAV College,

Bhandup

Subject Expert (Nominated by CA. (Dr.) VaradrajBapat

Academic Council) Faculty of Finance, SJM School of Mgt.

Dr..ShitalMandhare

Assistant Professor, SNDT, Mumbai

Industry Representative Prof. Issac Jacob

SISMR, Vidyavihar

Student Alumni CA Rajesh Ravindran

COO- Institutional Banking Group,

DSB Bank India Ltd.

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 7

K J Somaiya College of Arts and Commerce (Autonomous), Vidyavihar, Mumbai -400077 8