Lecturer for Non-Govt Aided Colleges Of Odisha

COMMERCE
UNIT I : ACCOUNTING:
Financial Accounting: Accounting concepts and conventions, Preparation of Final Accounts (Sole trading concern and Partnership) with adjusting entries.
Corporate Accounting: Accounting for issue and redemption of shares and debentures; Preparation of Final accounts and statements; Amalgamation, absorption and reconstruction;
Accounting for Liquidation.
Cost and Management Accounting: Ascertainment of Cost; Methods of costing, Job costing, Process costing (Except Equivalent production), contract costing; cost control techniques, Standard costing and analysis of variance; Marginal Costing- Absorption versus variable costing, Cost-volume-profit analysis, Break-even analysis and decision making; Ratio analysis.

UNIT II : BUSINESS REGULATORY FRAMEWORK:
Business Law
Law of Contract: Essentials of a valid contract, Void agreements, Discharge of a contract, Contract of Indemnity and Guarantee, Contract of Bailment.
Sale of Goods Act: Contract of Sale, Conditions and warranties, Transfer of ownership in goods including sale by a non-owner, Performance of contract of sale, Unpaid seller- meaning, rights of
an unpaid seller against the goods and the buyer.
Partnership Act: Nature and characteristics of Partnership, Registration of partnership, Rights and duties of partners, Types of partners, Limited liability of partnership (LLP) Act, 2008- Salient
features of LLP, difference between LLP and partnership, LLP and Company, LLP agreement, Incorporation document, Incorporation by Registration.
Corporate Law(As per Companies Act 2013):
Administration of Company Law, National Company Law Appellate Tribunal, types of companies,
formation of company and registration of a company, Documents of a company- Memorandum
of Association, Articles of Association, Prospectus, GDR; allotment and forfeiture of shares,
transmission of shares, buy back of shares; Appointment of Directors, their powers and duties,
removal of directors;Types of meeting, Remuneration committee, Audit committee.
Depository Act 1996- Depository process, De-mat, NSDL,SHCIL, Need for investor’ education

UNIT III : QUANITATIVE TECHNIQUES AND STATISTICS :
Quantitative techniques: Linear Programming- Meaning and types of LP, Linear Programming Problems (LPP); LP approaches; Network Analysis- Meaning, network diagram, techniques to
network analysis, CPM, PERT; Inventory Control techniques- Meaning, Inventory control models: ABC analysis, EOQ, Queuing model, single channel model, Multi service channels.
Statistics:Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis, Correlation and Regression analysis, Theory of probability, Index number.

UNIT IV : TAXATION & AUDITING:
Income Tax- Concepts of Assesse, Assessment Year, Previous Year, Persons, Total Income and Agricultural income; Residential status of Assesses; Exempted income; Income from Salary,
Income from House Property, Income from Business and Profession, Income from capital gain and income from other sources;Computation of Total Income of individual assesses and
deduction U/S 80 relating to individual assesses.

Goods & Services Tax (GST)-
Introduction- Constitutional framework of indirect tax before GST, major defects in the structures of Indirect tax prior to GST, GST Council, GST Network, State compensation mechanism, Registration; Levy and collection of GST:- Taxable event- supply of goods and services, place of supply: within state, interstate, import and export, time of supply, valuation
for GST, valuation rules, taxability of re-imbursement of expenses, exemption from GST

Auditing- Meaning, Objects and types of Audit; Internal check and internal control; Vouching of Cash transactions, trading transactions and impersonal ledger; Verification and valuation of
assets and liabilities, Auditor’s duty in respect of divisible profits and dividends.

UNIT V : MANAGEMENT:

Principles of Management- Evolution of management thought, Management functionsPlanning, Organising, staffing, directing- motivation, leadership, communicating and controlling.

Human Resources Management- Concept and functions, Role,HR policies; evolution of HRM; Emerging challenges of HRM; work-force diversity, empowerment, downsizing; VRS, HR
information system; Acquisition; Training & Development and Performance appraisal. Principles of Marketing- Importance of marketing, evolution of marketing concept; Marketing
mix: Product- Meaning, importance, product classification, product mix, branding, packaging, Labelling; product life cycle; Pricing- Factors affecting pricing, pricing policies and strategies;
Place- Channels of distribution: importance and types, factors affecting choice of distribution channel, Physical distribution; Promotion- Nature and importance, advertising, personal selling,
Public Relation and sales promotion.

Financial management- Time value of money; valuation of bond and equities; Capital budgeting- methods.

 

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