Foundation Course

PGDM
FOUNDATION COURSE
OPTIONAL SUBJECTS
SYLLABUS 

Optional Subjects

Subject: Financial Accounting   ( FCO – 1)

OBJECTIVE: The objective of the course is to understand the accounting as a base to understand the intricacies of finance for Advance Management course.

S NO.TOPIC

1.

Introduction to Accounting System, Key concepts and terms

2.

Generally Accepted Accounting Principles (GAAP), Accounting cycle and users of Accounting information

3.

Types of accounts, Rules of double entry and Accounting Equation

4.

Journal

5.

Ledger, Opening & Closing entries

6.

Introduction to Subsidiary books

7.

Rectification of Entries

8.

Preparation of Trial Balance

9.

Final Accounts of Sole Proprietary Concern

10.

Numericals on Final Accounts

References:

  • Financial Accounting for Managers - Dr. S N. Maheshwari
  • Introduction to Financial Accounting - Homgren, Sundem
  • Financial Accounting (A Managerial Perspective) -R Narayanswamy
  • Financial Accounting for Business Managers - Asish Bhattacharya

 

Subject: Business Economics (FCO – 2)

OBJECTIVE: The objective of the course is to have knowledge of economic fundamentals as a base to understand the business environment.

S.NO.TOPIC
 

FUNDAMENTALS OF MICRO ECONOMICS

1.

INTRODUCTION

  • Adam Smith's Wealth Definition, Alfred Marshall's Welfare Definition, Lionel Robbins's Scarcity Definition and Paul Samulson's Growth Definition.
  • Economics and Related subjects like Science, Art, Mathematics, Statistics, Accountancy and Management.
  • Positive Economics and Normative Economics
  • Basic Economic Problems
  • Nature and Scope of Economics
  • Types of Economic System – Capitalist, Socialist and Mixed.
  • Micro and Macro Economics

2.

BASIC  CONCEPTS

  • Utility; Firm; Industry; Production; Consumption; Markets- definition and  types of markets

3.

DEMAND, SUPPLY AND ELASTICITY

  • Meaning, Factors affecting Demand and Supply, Law of Demand and Supply, Individual Demand and Supply curves, Market Demand and Supply curves, Exceptions to law of Demand and Supply, Changes in Demand and Supply, Changes in Quantity Demanded and Quantity Supply.
  • Price, Income and Cross elasticity of Demand – Definition and types
  • Elasticity of Supply – Definition and types
 

FUNDAMENTALS OF MACRO ECONOMICS

1.

BUSINESS CYCLE

  • Four phases of Business cycles and characteristics, Inflation- Meaning, Types, Demand –pull and Cost-push Inflation, Factors affecting inflation.

2.

MONEY AND BANKING

  • Barter system, Inconvenience of barter system; Definition of money M1, M2, M3 and M4; Commercial Banks, functions and types; Central Bank – Functions

3.

BALANCE OF TRADE AND BALANCE OF PAYMENT

  • Definition and components, Devaluation, Appreciation, Depreciation

4.

TAXATION

  • Canons of Taxation, Types of taxes- Direct and Indirect taxes there advantages and disadvantages.

5.

LIBERALISATION, PRIVATISATION AND GLOBALISATION

6.

CURRENT BUSINESS AFFAIRS (Students are expected to read the Business Press for the same)

References:

  • Microeconomics – D M Mithani
  • Microeconomics – M. L. Seth
  • Microeconomics – H. L. Ahuja

Subject: Basics of Mathematics And Statistics (FCO – 3)

OBJECTIVE: The objective is to know the mathematics and statistics to develop quantitative analytical skills to solve business problems

S.N0.TOPIC

1.

SETS

  • Sets and their representation
  • Empty set. Finite & Infinite sets. Equal sets. Subsets. Subsets of the set of real numbers especially intervals (with notations). Power set. Universal set.
  • Venn diagrams
  • Venn diagrams

2.

MATRICES

  • Concept, notation, order, equality, types of matrices, zero matrix, transpose of a matrix, symmetric and skew symmetric matrices.
  • Addition, multiplication and scalar multiplication of matrices, simple properties of addition, multiplication and scalar multiplication.
  • Non-commutativity of multiplication of matrices and existence of non-zero matrices whose product is the zero matrix (restrict to square matrices of order 2).
  • Concept of elementary row and column operations. Invertible matrices and proof of the uniqueness of inverse, if it exists; (Here all matrices will have real entries).

3.

DETERMINANTS

  • 3´Determinant of a square matrix (up to 3  matrices), properties of determinants, minors, cofactors and applications of determinants in finding the area of a triangle
  • Ad-joint and inverse of a square matrix.
  • Consistency, inconsistency and number of solutions of system of linear equations by examples, solving system of linear equations in two or three variables (having unique solution) using inverse of a matrix.

4.

STATISTICS

  • Measure of dispersion; mean deviation, variance and standard deviation of ungrouped/grouped data
  • Analysis of frequency distributions with equal means but different variances

5.

PROBABILITY

  • Random experiments: outcomes, sample spaces (set representation)
  • Events: occurrence of events, 'not', 'and' & 'or' events, exhaustive events, mutually exclusive events.
  • Axiomatic (set theoretic) probability, connections with the theories of earlier classes
  • Probability of an event, probability of 'not', 'and' & 'or' events

 

References:

  • Mathematics NCERT Books (Class IX  to  XII )

 

Subject: Business English (FCO – 4)

OBJECTIVE: The objective of this course is to enable the students who are basically aspiring management professionals to develop effective communication skills with special emphasis on communication in an organization.

COURSE CONTENT

S.NOTOPIC

1.

ENGLISH GRAMMAR

  • Tense
  • Direct & indirect speech
  • Active voice and passive voice
  • Parts of speech
  • Use of verbs, nouns and prepositions
  • Synonyms and antonyms
  • Interrogative words
  • Conversation and dialogues

2.

WRITTEN COMMUNICATION

  • Comprehension
  • Precise writing
  • Essay writing
  • Job applications and resume writing
  • Business letters
  • Reports, proposals and notes
  • Interviews, Group Discussions

Reference Book:

  • 12th English book
  • Graduation English books
  • Any Basic English Grammar books