Hindi Vidya Prachar Samiti’s Ramniranjan

Jhunjhunwala College of Arts, Science & Commerce

F.Y.B.Com Accountancy Syllabus Semester I & II

Hindi Vidya Prachar Samiti’s

Ramniranjan Jhunjhunwala College

of Arts, Science & Commerce

(Empowered Autonomous College)

Affiliated to

UNIVERSITY OF MUMBAI

Syllabus for the F.Y.B.Com.

Program: B.COM (Accountancy)

Program Code: RJMAJACC

National Education Policy (NEP 2020)

Level 4.5

CBCS 2023-24

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

THE PREAMBLE
NEED FOR ACCOUNTANCY

Accounting is a term that describes the process of consolidating financial information to make it clear
and understandable for all stakeholders and shareholders. The main goal of accounting is to accurately
record and report an organisation’s financial performance.

Accounting provides the information of performance of business. Accounting not only provides net
profit or net loss information but also the information of financial position. That is the reason, it is a
very essential skill to learn.

Accountancy plays a vital role in running a business because it helps you track income and
expenditure, ensure statutory compliance and provide investors, managements and the Government
with quantitative information which can be used in making business decisions. It is critical to keep
financial records clean and up to date to keep a business afloat.

WHY ACCOUNTANCY AT R. J. COLLEGE

The department of accountancy came into existence in the year 1981 that’s when the college started
with the commerce stream for both Junior and Degree college. Accountancy is an integral part of the
syllabus for the commerce stream. It has the legacy of 4 decades and today offers both UG and PG
programmes (Accountancy and Management ) in commerce stream. Accountancy is integral to
students pursuing Commerce. The UG and PG programmes are affiliated to and recognized by the
University of Mumbai. Accountancy provides vertical movement to students who wish to undertake
PG courses as well as Ph.D. This provides opportunity to students to pursue advanced degrees in the
college campus itself.

Accountancy forms the basis on which student can pursue various professional courses. Professional
Courses like CA, CMA, CFA, MBA, CPA being the major course offered by professional institutes.

The department invites experts from various fields to understand the opportunities available to
students, the skills to be acquired to further their career. The motivation lectures organized by the
department provides the necessary impetus to succeed in their studies. The field trips and industrial
visits organized by the department helps the students to see the work environment and to grasp the
nature of business, first hand. The department has its annual event known as ‘Acont’ in which students
learn to make presentations, show their knowledge, learn to compete as well as to work in co-
operation with others as a team member, develop their business skill, practically apply their
accounting knowledge to the business. The department conducts Value Added Course of 2 credit
points in related fields and subjects and to impart various skills necessary for their overall
development.

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

OUR CURRICULUM YOUR STRENGTH

The department regularly overhauls its syllabus and consults with professionals and peers alike to
make changes in its syllabus so that it reflects the need of the industry. Due to autonomy it has become
possible to incorporate changes in syllabus much quicker. The syllabus of accountancy for all six
semesters are so designed as to give theoretical as well as practical knowledge in the subjects of
Financial Accounting, Management Accounting, Cost Accounting and Direct and Indirect Taxes. The
courses are updated on regular basis to ensure that students are up to date with the industry needs
thereby improving their chance of employability.

The syllabus of Accountancy evolves over a period of six semesters. From understanding the basic
concepts of accountancy and the fundamentals underlying it, they move to more advanced practical
approach.

PROGRAMME SPECIFIC OUTCOMES (PSOs) FOR B.COM ACCOUNTANCY

Sr. No. A student Specific completing B.COM ACCOUNTANCY will able to:

PSO1 Apply accounting knowledge about by making use of modern tools and
techniques to solve real business problems.

PSO2 Acquire the knowledge of accounting fundamentals, finance, solution of

accounting & management problems.

PSO3 Understanding Auditing Concepts, Standards, Types of Fraud, Audit Planning,

Audit Procedures and Techniques, Internal Control

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

DISTRIBUTION OF TOPICS AND CREDITS

Introduction to Management Accounting

F.Y.B.Com. (Accountancy) SEMESTER I

Course Code Unit Topic Headings Credits Duration

45 Hours
Paper Title: Introduction to Management
Accounting - I

I. Introduction to Management Accounting

RJMAJACC112 3
II. Analysis and Interpretation of Financial
Statement

III. Cash Flow Statement

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

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 Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Introduction to Management Accounting - I

Course Paper Title Credits Topics

RJMAJACC112 to Management 1. Introduction to

Accounting -I Management Accounting
03 2. Analysis and Interpretation
of Financial Statement
3. Cash Flow Statement

Learning outcomes:
⮚ To understand the need of Management Accounting
⮚ To know the difference between Management Accounting and Financial Accounting
⮚ To learn the function of Management Accountant
⮚ To learn to do critical analysis and provide recommendations to improve the operations of
organisations through the application of management accounting techniques.

COURSE On completing the course the student will be able to: PSO BLOOMS LEVEL
OUTCOME Addressed
NUMBER

CO1 To understand the nature, scope, functions and decision making 1,2 BT Level II and
III Understand and
process under Management Accounting. apply

CO2 Analysis of Financial Statements, Understanding the relationship 1,2 BT level II and III
between different item in Financial Statement and use of different Understand and
tools for analysis. apply

CO3 Preparation of Various Financial Ratios, types of ratios, 1,2 BT level II, III and
importance of different ratios in making investment and financial IV Understand,
decisions. apply and analyse

MANAGEMENT ACCOUNTING I

SEMESTER I L Cr

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

MANAGEMENT ACCOUNTING I Paper Code: RJMAJACC112 45 3

MODULE 1 15

Introduction to Management Accounting

1 Introduction to Management Accounting
2 Analysis and Interpretation of Financial Statements.
Study of Balance sheet and Income statement / Revenue
statements in vertical form suitable for analysis.
Relationship between items in Balance Sheet and Revenue
statement
Tools of analysis of Financial Statements
(i) Trend analysis of Financial Statements
(ii) Comparative Statement Financial Statements
(iii) Common Size Statement Financial Statements
MODULE 2
15

Ratio Analysis and Interpretation

1 Balance Sheet Ratios :

i. Current Ratio
ii. Liquid Ratio
iii. Stock Working Capital Ratio
iv. Proprietary Ratio
v. Debt Equity Ratio
vi. Capital Gearing Ratio

2 Revenue Statement Ratio:

i) Gross Profit Ratio
ii) Expenses Ratio
iii) Operating Ratio
iv) Net Profit Ratio
v) Net Operating Profit Ratio
vi) Stock Turnover Ratio

Composite Ratio:
3
i) Return on capital employed (Including Long Term
Borrowings)
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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

ii) Return on proprietor's Fund (Shareholders Fund and

Preference Capital)
iii) Return on Equity Capital
iv) Dividend Payout Ratio
v) Debt Service Ratio
vi) Debtors Turnover
vii) Creditors Turnover

MODULE 3

Cash Flow Statement (AS 3) [Indirect Method]

1 15
Introduction to Cash Flow Statement Objectives, Uses and
Limitation of Cash Flow Statement
Meaning of Cash flow and Cash flow statement
What is Cash and cash equivalent balance
Classification of Cash Flows from Operating Activities,
Investing Activities and Financing Activities
Computation of Cash Flow from Operating Activities
Computation of Cash Flow from Investing Activities
Computation of Cash Flow from Financing Activities

References
1. Cost and Management Accounting - Colinn Dury 7th Edition
2. Cost and Management Accounting- Dbarshi Bhattacharyya pearson Publications 2013 edition
3. Management Accounting - M.Y.Khan
4. Management Accounting - I.M.pandey

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

PAPER PATTERN
INTERNAL EXAMINATION
1. There will be 01 Internal Assessment Tests of 25 Marks each is conducted in Each
Semester.
2. Duration of each Internal Assessment Test of 25 marks will be 30 minutes.
3. Each Internal Assessment Test will have 25 questions. Nature of questions may be -
Multiple Choice Questions / True or False/ Match the Following

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

PAPER PATTERN SEMESTER END EXAMINATION

Marks 50 Marks Duration 1:30 Hrs

Q1. Practical Question 15

OR

Q1. Practical Question 15

Q2. Practical Question 15

OR

Q2 Practical Question 15

Q3 Practical Question 15

OR

Q3 Practical Question 15

Q4 Practical / Theory 05

OR

Q4 Practical / Theory 05

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 Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Class Course Course Code Topic focussing on Employability/Entrepren Specific activity

Name Employability/ eurship/Skill
Entrepreneurship/skill development
development

F YBCOM Management RJMAJACC112 Module 1: The students are ready Preparating,

Accounting - The students are ready for employment as a Analysing and
I for analysis of Management Accounts Interpreting the
Financial Statements, Trainee in a corporate, Financial Results
Inter-Company as a Financial Analyst
Analysis, Impact of with Banks, Insurance
individual items on Companies, Brokers and
total with the help of Investing companies.
Percentages, Analysis
over Few Years
charting business
growth etc. —---------------------
Module 2: Preparation of
The students learn to Ratios, their
analyse business analysis and
performance with the Interpreation.
help of ratios, Decision making.
understand relationship
between items
appearing in Financial
statements, interpret
the results and draw
conclusions. —---------------------
Module 3: Preparation of Cash
The students learn the Flow Statement,
importance of Cash in Segregation of
business operations, Operating, Investing
Sources of cash and and Financing
where they have been Activities.
applied.

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Mapping of curriculum with cross cutting issues viz. Professional ethics, Gender, Human
Values, Environment and Sustainable development goals and NEP 2020

Course Code Paper Title Credits Paper Title SDG Goals

1. Introduction to
Introductio
n to Management Accounting
2. Analysis and SDG 4,8
Managemen
RJMAJACC112 03
t Interpretation of and 9
Accounting Financial Statement
I 3. Cash Flow Statement

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 Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

DISTRIBUTION OF TOPICS AND CREDITS

Introduction to Management Accounting II

F.Y.B.Com. (Accountancy) SEMESTER II

Management Accounting – II
Course Paper Title Credits Topics

RJMAJACC122 03 1. ESTIMATION OF
Management
Accounting – II WORKING CAPITAL
2. MANAGEMENT OF
CASH
3. CAPITAL BUDGETING

Learning Objectives:

COURSE On completing the course, the student will be able to: PSO BLOOMS LEVEL
OUTCOME Addressed
NUMBER

CO1 Understand the concept of Working Capital, determination 1,2 BT Level I, II and III
of its requirement and operating cycle. Understand and
Analyze

CO2 Understand the need of objective of Cash in business. 1,2 BT level I, II and III
techniques and strategies to be used for its management Understand and apply

CO3 Understand the types of budgets, process and techniques of 1,2 BT level II, IV, V
Capital Budgeting Understand and
Analyze, evaluate

Management Accounting -II

SEMESTER II L Cr

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Paper-II: Paper Code: RJMAJACC122 45 3

Management Accounting -II

MODULE 1 15

ESTIMATION OF WORKING CAPITAL

Concept, Nature of Working Capital , Planning of Working Capital

1

Estimation / Projection of Working Capital Requirement in case of Trading and

2 Manufacturing Organization

Operating Cycle
3

MODULE 2 15

MANAGEMENT OF CASH

Motives for Holding Cash

1

Objectives of Cash Management

2

Factors Determining Cash Needs

3

Basic Strategies of Cash Management

4

Cash Management Techniques / Process

5

MODULE 3 15

CAPITAL BUDGETING

Introduction
1

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

The Classification of Capital Budgeting Projects

2

Capital Budgeting Process

3

Capital Budgeting Techniques – Payback Period, Accounting Rate of Return,

4 Net Present Value, The Profitability Index, Discounted Payback. (Excluding
Calculation of Cash Flow)

Simple Practical Problem on Cash Management

5

References:
1. Cost and Management Accounting - Colinn Dury 7th Edition
2. Cost and Management Accounting- Dbarshi Bhattacharyya pearson Publications 2013 edition
3. Management Accounting - M.Y.Khan
4. Management Accounting - I.M.pandey

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Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

PAPER PATTERN
INTERNAL EXAMINATION
1. There will be 01 Internal Assessment Tests of 25 Marks each is conducted in Each Semester.
2. Duration of each Internal Assessment Test of 25 marks will be 30 minutes.
3. Each Internal Assessment Test will have 25 questions. Nature of questions may be - Multiple
Choice Questions / True or False/ Match the Following

Page 16 of 19
Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

PAPER PATTERN
SEMESTER END EXAMINATION
Marks 50 Marks Duration 1:30 Hrs

Q1. Practical Question 15

OR

Q1. Practical Question 15

Q2. Practical Question 15

OR

Q2 Practical Question 15

Q3 Practical Question 15

OR

Q3 Practical Question 15

Q4 Practical / Theory 05

OR

Q4 Practical / Theory 05

Mapping of the course to employability/ Entrepreneurship/skill development

Page 17 of 19
 Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Class Course Course Code Topic focussing Employability/Entrepr Specific Activity

Name on Employability/ eneurship/Skill
Entrepreneurship/ development
skill development

FYBCOM Manageme RJMAJACC122 Module 1: The topic emphasizes Preparation of

nt To learn the on calculating Working Capital
Accountin concepts of Working Capital that Estimates, Calculating
g -II Working capital, will be the Finance need of
Learn about needed.Employability each item of current
Working Capital in Finance and assets.
cycle. Planning Department.

Module 2: The topic emphasizes Cash Management

To learn the on cash objective and
objective and need management.
for maintaining Employability in
cash, strategies Finance and Planning
and techniques Department.
needed for its
management.
Module 3: The topic emphasizes Decision on selecting
Understand the on profitability of a among alternate
Capital budget, project. Employability projects. with
Profitability in Finance and reference to No. of
estimate of a Planning Department. years in which project
Project and need will pay back itself.
for recovery of Projecting of
funds invested. Profitability taking
inflation into account.

Page 18 of 19
Hindi Vidya Prachar Samiti’s Ramniranjan
Jhunjhunwala College of Arts, Science & Commerce
F.Y.B.Com Accountancy Syllabus Semester I & II

Mapping of curriculum with cross cutting issues viz. Professional ethics, Gender, Human
Values, Environment and Sustainable development goals and NEP 2020

Course Code Paper Title Credits Paper Title SDG Goals

RJMAJACC122
1. ESTIMATION OF
WORKING CAPITAL
Management SDG 4, 8
2. MANAGEMENT OF
Accounting – II 03
CASH and 9
3. CAPITAL
BUDGETING

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