B.COM KARACHI UNIVERSITY SYLLABUS

B.COM 1 & 2
ACCOUNTING, STATISTICS, ECONOMICS, ADVANCED ACCOUNTING, INCOME TAX LAW
JOIN SIR KHALID
0322-3385752
R-1173,AL NOOR SOCIETY, BLOCK 19, F.B.AREA, NEAR POWER HOUSE, KARACHI.
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UNIVERSITY OF KARACHI
REVISED SYLLABI 2006
BACHELOR OF COMMERCE
(B.COM. DEGREE)
FIRST STEP IN YOUR BUSINESS CAREER
Published by
Registrar
University of Karachi

Students enrolled in 2005
shall be examined according to
revised syllabus.

IMPORTANT NOTES
i) B.Com.(Two years degree course) will consist of Part-I and
Part-II
ii) Part-I will have Six papers of 100 Marks each.
iii) Part-II will have Six papers (including one optional) of 100
Marks each.
iv) The compulsory subject of Islamic Studies and Pakistan studies
shall be of 100 Marks with the following distributions.
a) Islamic Studies/(Ethics for Non Muslims)
………………………………………….. 60 Marks
b) Pakistan Studies
………………………………………….. 40 Marks
Total 100 Marks
Both sections (a and b) to be passed separately: The marks of both
section shall not be included in the division.
v) Pass Marks
Minimum passing marks shall be 40 percent in each subject but the
aggregate shall be 45%. Students securing less than 45 percent in
aggregate shall be declared failed.
vi) Class
a. Students securing 60 percent or more shall be placed in
the First Division.
b. More than 45% but less than 60% shall be placed in the
Second Division.
c. There will be no Third Division.
4
B. COM. PART-I
B. COM PART-I AND PART-II MODIFIED SYLLABUS 2006
Scheme of Studies: Marks
1. Paper I Islamic Studies/Ethics and
Pakistan Studies
100
2. Paper II Functional English
(Compulsory)
100
3. Paper III Introduction to Business 100
4. Paper IV Principles of Accounting 100
5. Paper V Business Mathematics and
Statistics
100
6. Paper VI Economic Analysis and Policy 100
5
B. COM. PART-II
1.Paper I Business Communication 100
2.Paper II Principles of Management 100
3.Paper III Economic Development of
Pakistan
100
4.Paper IV Advanced Accounting and Cost
Accounting
100
5.Paper V Business and Industrial Law 100
6.Paper VI Optional any one: 100
a) Auditing and Income Tax
Law
b) Introduction to Computer
Application in Business
c) Principles of Marketing
d) Principles of Insurance
e) Banking and Finance
6
B. COM. PART-I
PAPER-I (Section A):ISLAMIC STUDIES FOR MUSLIM
STUDENTS
1. The Holy Quran
The revelation of Ayat or the Verses.
2. Surah Hijrat
Introduction and Text of the Holy Quran
3. Surah Furqan
Introduction and text of the Holy Quran
4. Hadith and Sunnah of the Holy Prophet (PBUH)
Meaning and definition.
The difference between Hadith and Sunnah
5. Hijat-e-Hadith
Compilation, inscription and writing of hadith.
6. Text of Hadith.
Twenty selected Hadiths from “Riaz-us-Saliheen”
7. Monothism
a) The existence of God – Arrangements and effects of the
belief in one God.
b) Effects on personal life.
c) Effects on collective life.
8. Prophethood
- The necessity and importance of prophethood.
- The distinct qualities of the prophets and status of
prophethood – Faith in the finality of prophethood.
- The following of sunnah.
9. Life after death
10. Prayer
11. Zakat-concept and purpose.
12. Fasting (SAUM) individual and collective benefits.
Hajj – Significance – Nature – Manasik
Jehad – with knowledge, sword, wealth and with selves.
7
13. Study of the pure life of the Holy Prophet Makki and Madani
life.
Books Recommended:
1.Abdul Qayyum Natiq
(Sirat-e-Mustaqeem (English), 13th edition.2004
2.Abdul Qayyum Natiq
(Sirat-e-Mustaqeem (Urdu),
Tahir Sons Karachi. 13th edition, 2004.
3.Dr. Nasiruddin
Islamiat (Urdu),Ghazanfar Academy Pakistan
4.Prof.Mufti.Munib Ur Rahman
Islamiat , Graduation classes. Karachi: Urdu Bazar,2003.
8
B.COM. PART-I
PAPER-I(Section A):ETHICS
FOR NON MUSLIM STUDENTS
Ethics (compulsory) in lieu of Islamiat
For Non-Muslim students.
1. Meaning and Scope of Ethics.
2. Relation of Ethics with:
(a) Religion (b) Science (c) Law
3. Historical Development of Morality:
(a). Instinctive Moral Life.
(b). Customary Morality.
(c). Reflective Morality.
4. Moral Theories:
(a). Hedonism (Mill)
(b). Intuitionism (Butler)
(c). Kant’s Moral Theory.
5. Moral Ethics and Society.
(a). Freedom and Responsibility.
(b). Tolerance
(c). Justice
(d). Punishment (Theories of Punishment)
6. Moral Teachings of Major Religions:
a). Judaism
b). Christianity
c). Islam
7. Professional Ethics:
a). Medical Ethics
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b). Ethics of Students
c). Ethics of Teachers
d). Business Ethics
REFERENCE BOOKS:
1.William Lille. An Introduction to Ethics.,
London Methuen & Co. latest
edition.
2.Titus, H.H. Ethics for Today.
New York: American Book, latest
edition.
3.Hill, Thomas. Ethics in Theory and Practice.
N.Y. Thomas Y. Crowel, latest
edition
4. Ameer Ali, S. The Ethics of Islam.
Culcutta: Noor Library
Publishers, latest edition
5. Donaldson, D.M. Studies in Muslim Ethics.
London: latest edition.
6. Sayeed, S.M.A.(Tr.) Ta’aruf-e-Akhlaqiat.
Karachi: BCC&T, Karachi
University of Karachi
10
B. COM. PART-I
PAPER-I(Section B):PAKISTAN STUDIES
1. Historical Background of Pakistan with special reference to
Ulema’s work and political awakening in the subcontinent. The
reformists Shaikh Ahmed Sirhindi, Shah Waliullah and others.
2. Creation of Pakistan, its problems and gradual development in the
fields of politics.
3. Constitutional evolution of Pakistan up to the current constitution
and its amendments.
4. Languages of Pakistan.
5. Cultural heritage of Pakistan.
6. Pakistan and the Modern World (Foreign Affairs).
7. Economic Progress of Pakistan from the 1970s, to date.
BOOKS RECOMMENDED:
1. I.H.Qureshi Short History of Pakistan.
Vol. IV, University of Karachi.
2. J.Hussain, History of the People of Pakistan.
Oxford University Press.(Latest
Edition)
3. Govt. of Pakistan Economic Survey of Pakistan.
(Annual)
4.S.Akbar Zaidi Issues in Pakistan’s Economy
Oxford University press. latest
edition.
5.Gul Shahzad
Sarwar
Pakistan studies. Qamar Kitab
Ghar Karachi, latest edition.
11
B.COM. PART-I
PAPER – I1: FUNCTIONAL COMPULSORY ENGLISH
Aims:
GENERAL
1. To develop the ability to communicate effectively.
2. To help students develop the ability to read effectively and
independently and intermediate proficiency level reading text
3. To help students acquire language skills progressively.
4. To help students develop intellectual abilities.
5. To make the experience of English language teaching and
learning more interesting.
6. To help students develop their English language proficiency to
a level from where they can pursue higher education through the
medium of English.
Specific Objectives:
A. Listening/Speaking Skills
To develop the ability to:
a. Comprehend spoken English inside and outside the classroom.
b. Express ideas/opinions on topics related to student’s lives and
experiences.
B. Reading (Comprehension) Skills
To enable the students to read a text:
a. To identify main idea/topic sentences.
b. To find specific information
c. To distinguish between relevant and irrelevant information
d. Prediction
e. Recognizing and interpreting cohesive devices.(link words)
f. Recognizing and interpreting the tone and attitude of the
author.
g. Interpreting charts and diagrams.
h. Recognizing and interpreting the rhetorical organization of a
text.
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i. Distinguishing between facts and opinions.
C. Vocabulary Building skills
a. To guess the meaning of unfamiliar words through:
I. Context clues
II. Prefixes and suffixes
III. Idioms and phrasal verbs
IV. Logical connectors
b. To develop the ability to use a dictionary to:
I. Find out meaning of different words.
II. Check spellings
III. Check/find pronounciation of unfamiliar words.
D. Writing Skills
To be able to write:
a. Formal and informal letters
b. Job applications and curriculum vitae
c. Summaries
d. Paragraphs and Essays
e. Punctuation
E. Language structure/Grammar
I. Tenses
II. Prepositions
III. WH Questions and Yes/No Questions
IV. Voice (Active & Passive)
V. Direct to Indirect/Reported Speech
VI. Articles
VII. Conditionals
Reading Text
Howe, D.H. Kirkpatrick. T.A. and Kirkpatrick, D.L. Oxford English
for Undergraduates, Oxford University Press, 2004.
13
Grammar and Composition
Eastwood, John, Oxford Practice Grammar, New Edition with tests
and Answers, Oxford University Press, 2004.
14
B.COM. PART-I
PAPER-III: INTRODUCTION TO BUSINESS
BUSINESS:
Nature, scope and importance, Problem of business functions and
qualities of businessman. Business environment and social
responsibility. Role of business in economics systems. Business under
private and Public ownership.
FORMS OF BUSINESS ORGANIZATIONS:
Sole proprietorship, partnership-classification, Rights, Duties and
Liabilities of partners, Dissolution of partnership.
JOINT STOCK COMPANY:
Formation and incorporation. Memorandum and Articles of
Association, prospectus, Shareholders. Director, meetings and winding
up. Co-operatives.
COMBINATION:
Meaning and purposes, Types of combination, Holding and subsidiary
companies, Joint Venture Franchising and Trade Association.
MARKETING:
Basic concepts, importance, Marketing Mix. Product and its types,
product life cycle. Channels of distribution for consumer and industrial
Goods, Market segmentation, sales promotion and advertising,Ware
housing, Wholesaling and Retailing. Middlemen-Role and
classification. Pricing decision and strategy.
CAPITAL MARKET:
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Nature of capital market, role and significance, operation and working
of Stock Exchange. Impact of Stock Exchange on economy of a
country. Investment Banking. Financing by leasing.
MAKING GOODS AND SERVICES AVAILBALE:
Types of business goods, inventory control, Purchasing
Transportation, Decisions and Policies, Marketing needs, Types of
warehouse, Advantages and functions of Warehousing. Distribution
Center.
INSURANCE AND BUSINESS RISKS:
Protection against risks, importance and types of insurance. Types of
risks and methods of holding risks.
PERSONNEL MANAGEMENT:
An introduction to Human Resources Management – Importance and
Application.
INTERNATIONAL BUSINESS:
Concepts, Advantages and disadvantages. Obstacles and constraints in
international trade. Types of Tariffs. Concept of Balance of Trade and
Balance of Payment. Nature, objectives and role of Multinational
companies in developing countries.
RECOMMENDED BOOK:
1. Koontz and Fulmer, A Practical Introduction to Business,
Richard D Irwin Inc.(USA) Revised Edition (latest year).
REFERENCE BOOKS:
16
1. Amin Khalid, Introduction to Business, Karachi: K.B.E
Book Bank 2004.
2. Khurhseed H. Siddiqui, Introduction to Business, Ghazanfar
Academy, Pakistan 2004.
3.Robert C. Appleby, Modern Business Administration,
Pitman Publishing latest edition .
4. Shoukat Ali, Introduction to Business,
Rehber Publisher, Karachi, (latest year)
5. Nisar-Ud-Din, Business Organization National
Publisher, Karachi 2003
6. W.A. Razzaqui Introduction to Business. Academic
Commerce Publications.
17
B.COM. PART-I
PAPER-IV: PRINCIPLES OF ACCOUNTING
1. Field of Accounting, Accounting Terminology, Principles and
Concepts, Introduction to Accounting Standards, Accounting Equation
(Balance Sheet Equation).
2. Recording Service and Merchandising Business Transactions,
General Journal and Special Journal, Purchase Journal, Sales Journal,
Cash Receipts, Cash Payments Journals, General Ledger, Subsidiary
Ledgers and Trial Balance.
3. Period End Adjustment: Accruals, Pre-Payments, Unearned,
Depreciation, Uncollectible, Inventory, Correction of Errors, Closing
Process, and Reversing Entries.
4. Preparation of Worksheet, Income Statement and Balance
Sheet.
5. Cash Control:- Bank Reconciliation Statement and Voucher
System.
6. Accounting for Accounts Receivable: Income Statement and
Balance Sheet Approach, Analysis and Aging of Accounts Receivable,
Allowance Method for Making Provisions, Write Off and Recovery of
Accounts Receivable, Advance from Customers.
7. Inventory Valuation:- Periodic System and Perpetual System:
Methods FIFO, LIFO, Average Methods, Gross profit and Retail Price.
8. Depreciation – Methods Straight Line, Units of Output,
Working Hours, Sum of the Years Digits and Fixed Percentage on
Declining Balance, Addition, Revision of Life, Disposal and Exchange
of Depreciated Asset.
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9. Partnership Accounting: Formation, Plans of Profit/Loss
Distribution, Admission, Retirement/Death, Liquidation.
REFERECNE BOOKS:
1. Meigs and Meigs, Accounting the Basis for Business
Decisions, New York
McGraw Hill Book Company 9th Edition,
1993.
2. Niswonger and Fess, Accounting Principles, South Western
Company (latest Edition).
3. Meigs and Meigs, Accounting the Basis for Business
Decisions, New York
McGraw Hill Book Company 12th Edition,
Year 2003.
4. Dupree and Marder: Principles of Accounting, California,
Addison Wesley Publishing Company, latest edition.
5. Needles and Anderson: Principles of Accounting,
Houghton Mifflin Company, latest edition.
6. Philip E.Fess Accounting Principles. South Western
Company,14th Charless S. Warner Ed.1984
19
B.COM. PART-I
PAPER-V: BUSINESS MATHEMATICS AND STATISTICS
INSTRUCTION: PAPER Consists of THREE Sections
Attempt TWO questions from SECTION A from THREE questions.
Attempt TWO questions from SECTION B from THREE questions.
Attempt TWO questions from SECTION C from FOUR questions.
SECTION: A
BUSINESS MATHEMATICS (20 MARKS)
1. COORDINATE GEOMETRY
Distance between two points, slope of a straight line, Equation of
straight lines passing through two points, slope – intercept form, point
and slope form. Graph of quadratic equation, vertex and roots of the
equation.
2. CALCULUS
Idea of Limits, differentiation, rate of change, techniques in
differentiation, Polynomial and composite function. Addition, Product
and Quotient rule, Application of derivatives Marginal functions (cost,
demand, supply, profit, revenue). Optimization of simple function,
point of inflexion, maxima minima.
3. MATRICES AND DETERMINANTS.
Addition, subtraction, multiplication of matrices. Inverse of a matrix
(upto 3 x 3) Determinants; properties of determinants, Cramer’s Rule.
SECTION: B
ELEMENTARY STATISTICS (40 MARKS)
1. INTRODUCTION
Definition, scope limitation of statistics. Collection of primary and
secondary data. Presentation of Data; Frequency distribution,
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cumulative and relative frequencies Simple and composite diagrams,
Pie diagram, Frequency Polygon, frequency curves. Histogram and
ogive.
2. MEASURES OF CENTRAL TENDENCY
All the measures of central tendency and their properties including
quartiles, deciles and percentiles, Graphical Determination median and
quartiles.
3. MEASURES OF DISPERSION
Absolute and relative measures: range, quartile deviation, mean
deviation standard deviation, variance. Skewness (moments not
required).
4. REGRESSIONS AND CORRELATION
Scatter diagram linear regression models (two variables) estimation
and forecasting. Idea of correlation, co-efficient of correlation and its
properties. Rank correlation.
5. INDEX NUMBER
Introduction, application of index number Price index (fixed and chain
relatives) Composite index number; weighted and unweighted. Special
type of index numbers (Laspeyre, Passche, Fisher and Marshall
Edgeworth).
SECTION: C
PROBABILITY & STATISTICAL INFERENCE
(40 MARKS)
1. COUNTING TECHNIQUES
Fundamental Principle. Permutation and combination.
2. PROBABILITY
Introduction, set theory, sample space, events. Equally likely, mutually
exclusive, exhaustive, independent and dependent events. Addition
and Multiplication laws of probability, conditional/ probability,
Mathematical expectation (only concept of mean).
21
3. PROBABILITY DISTRIBUTIONS
Random variable, Binomial, Poisson, Hyper Geometric and Normal
distributions.
4. SAMPLING
Concept of finite and infinite population. Simple random sampling
methods of drawing simple random samples from finite population
(with and without replacement), parameter and Statistics Standard
error. Central limit theorem. Sampling distribution of mean and
difference between two mean numerical proof of E (x) = μ .
5. STATISICAL INFERENCE
Point and Interval estimation of mean and difference between two
means for large and small samples. Null and Alternate Hypothesis.
Idea of Type I and Type II Error test concerning mean and difference
between two means for large and small samples (z and t tests). Chi
square statistic for goodness of fit test and test for independence in
contingency table:
BOOKS RECOMMENDED
i) Mr. Hamid A. Hakim Business Mathematics: 5th Edition
Karachi Meyori Matbooaat, 2004.
ii) Mr. S. Khurshid Alam Business Mathematics, 8th Edition
Karachi Rehber Publisher, 2004.
iii) Mr. Frank S. Budnick Applied Mathematics, International
edition, United States. Mcgraw Hill book, latest edition.
iv) Mr. Hamid A. Hakim Introductory Statistics for Economics
and Management: 5th Edition Karachi
Meyari Matbooaat, 2004.
v) Mr. Shahid Jamal Statistics Problem & Practices. Ahmed
Academy,2004
22
vi) Mr. S. Khurshid Alam Statistics Concept and Methods,
Karachi:
Rehber publisher, 2004.
vii) Mr. Ronald E. Walpole Introduction to Statistics,2nd Ed.
(Latest Edition).
23
B.COM. PART-I
PAPER-VI: ECONOMIC ANALYSIS AND POLICY
SECTION “A” (40 Marks)
1. INTRODUCTION
Basic concepts, Definition, Micro and Macro approach to Economic
analysis.
2. CONSUMER’S BEHAVIOUR ANALYSIS
a) Demand, function and functional equations of Demand.
b) Elasticity of Demand, Significance, Methods of Measurement
and its kinds.
c) Consumer’s Equilibrium – Cardinal and Ordinal approaches.
3. THEORY OF PRODUCTION
a) Factors of Production and their relative importance.
b) Firm and Industry.
c) Laws of Returns and Returns to Scale.
d) Production function – ISO – quants and ISO – Cost Curves.
e) Least cost factor combination.
f) Production possibility curve.
4. MARKET
a) Definition and brief classification.
5. FIRM’S COST AND REVENUE ANALYSIS
6. PRICE AND OUTPUT DETERMINATION OF A FIRM AND
INDUSTRY UNDER:
24
a) Perfect competition.
b) Monopoly.
c) Oligopoly.
d) Monopolistic competition.
MACRO ECONOMICS (PART B) (40 MARKS)
1. NATIONAL INCOME
a) Definition, concepts and its significance.
b) Methods of computing National Income.
c) DETERMINANTS OF NATIONAL INCOME.
i. Consumption and consumption function, its determinants,
Keynesian psychological law of consumption.
ii. Saving, propensity to save and factors determining saving.
iii. Investment-Meaning, kinds and its determinants – MEC
and rate of interest.
d. Cross-Section analysis and time series analysis of
consumption.
2. DETERMINATION OF INCOME & EMPLOYMENT
a. Meaning of Full Employment.
b. Kinds of un-employment.
c. Determination of Equilibrium level of National Income.
d. Keynesian theory of Income and Employment.
e. Inflationary and Deflationary gap.
f. Multiplier Doctrine, Acceleration Principle and Interaction of
Multiplier and Acceleration.
3. TRADE CYCLES
4. MONETARY POLICY AND FISCAL POLICY
25
ECONOMIC SYSTEMS (PART C ) (20 MARKS)
a. Definition.
b. Central Problems of an Economy
c. Different Economic Systems – Capitalism, Socialisum Mixed
Economy and Islamic Economic System – Their merits and de-merits
and Criticism.
d. Comparative Study of Different Economic Systems.
NOTE: Two questions are to be attempted from Micro and Macro
Economics each and one from Economic Systems.
BOOKS RECOMMENDED
1.Samuelson, P.A. Economics, (Mc Grow Hill) 16th
Edition, New York 1998.
2. C.E. Ferguson &
J.P. Gould
Micro – Economics Theory, 5th
Edition , Illineies, Richard D. Iamin
latest edition .
3. Edwin Mansfield Economics(principles, problems,
Decision). 7th editon New, York.
WW. Nortorn comp, latest edition.
4. J.K. Eastham An Introduction to Economic
Analysis, English University Press
Ltd. (latest year)
5. Nic Nigro, Robert
Haney Scott
Principles of Economics
Macmillan Publisher Co. Inc. New
York. (latest year)
6. Mc Conneoli Brue Economics (Principles, Problems
and policies).11 edition. New
York: McGraw Hill Comp.1990.
REFERENCE BOOKS:
26
1. Abdul Haleem
Khawja
Economic Theory, A.H.
Publishers, 22 – A1 – Fazal Market
Urdu Bazar, Lahore. (latest year)
2. M. Saeed Nasir A Text Book of Economis, ILMI
Kitab Khana Urdu Bazar Lahore
(latest year)
3. Khurhsid Siddiqui Economic System of Islam,
Karachi. Urdu Bazar,2002.
27
B. COM. PART-II
1.Paper I Business Communication 100
2.Paper II Principles of Management 100
3.Paper III Economic Development of Pakistan 100
4. Paper IV Advanced Accounting and Cost Accounting 100
5.Paper V Business and Industrial Law 100
6.Paper VI Optional any one: 100
a) Auditing and Income Tax Law
b) Introduction to Computer Application in
Business
c) Principles of Marketing
d) Principles of Insurance
e) Banking and Finance
28
B.COM. PART-II
PAPER – I: BUSINESS COMMUNICATION
1. COMMUNICATION
Definition, Process/Factors, Importance, Non-verbal Communication,
Planning steps, Business Writing Principles, Formal and Informal
languages.
2. ORGANIZATIONAL PLANS
3. OPENING AND CLOSING
4. LEGAL ASPECTS OF BUSINESS COMMUNICATION
5. BUSINESS LETTERS
Formats of Business letters
Kinds: Inquiry (product, Status, Candidate); Replies to Inquiries;
Order letter, Refusal to and cancellation of an order, Claim and
Adjustment (Positive and Negative); Job Letter; Sales Letter; Sales
Promotion Letter; Credit Application and Collection Letters.
6. INTER-OFFICE MEMOS
7. ADVERTISEMENTS
Job advertisement, Sales Discount Advertisement
8. BUSINESS REPORT
Definition, Classification, functions, importance, preparation steps;
Preparation of:
1) Memorandum Report, and (2) Letter Report
9. MARKET REPORT
29
Commodity and Capital Markets, Market Terms, Reproduction of
Technical Reports in non-technical language.
10. NON-WRITTEN COMMUNICATION
A) Speaking: i. Similarities and differences of oral and written
communication, ii) Steps for oral presentation, iii) Delivery
techniques.
B) Listening: I) Definition, Difference between hearing and listening;
ii) Reasons for poor listening; iii)Responsibilities of a good listener.
C) Leading and Participating: I) Definition of Leadership, ii) Kinds
of Leadership; iii) Planning Steps of Problem-solving Conference, iii)
Responsibilities of a leader during Problem solving conference.
D) Interviewing: i) Definition, ii) Responsibilities of interviewer and
interviewee, iii) Interview evaluation
Recommended Books
1. Herta A. Murphy,
Herbert W. Hildebrandt,
Jene P. Thomas
Effective Business
Communication, 7th Ed.
(Mc-Graw Hill Inc.),
2. Court Land L. Bovee,
Jhon V. Thill
Executive in Business
Communication, 4th Ed.
Mc-Graw Hill Inc.1999
3. Shirley Taylor Model Business Letters
and other Business
Documents, 5th Ed.
4. Muhammad Amin
Khalid
Business Communication.
K.Be Book Bank. Karachi,
2004 (latest Edition)
30
5. W.A.Razzaqui Business Communication
Academic Commerce
Publications
31
B. COM. PART- II
PAPER – II: PRINCIPLES OF MANAGEMENT
1. The Emergence of Business and Management Thought:
Concept of scientific management, Human Relation and
Administration, Universal functions of a Manager, qualities of a good
manager.
2. Effective Decision Making:
Process of Decision Making, Rational of Decision Making, preventing
the problem, Solving the problem. Japanese Decision Making, Group
ideas in decision making personal decisions, Guideline for effective
decision-making.
3. The Planning Process:
Activities involved in the process of planning, Choosing objectives,
Identify premises, Survey resources, Establish policies, Procedures and
rules. Establish budgets. Decide standards. Common reasons for
failure of plans.
4. Organization:
Organization and Organization bureaucracy, Basic elements of
organizing, Division of Labour, Delegation of Authority, Centralized Vs
Decentralized, Organization structure, Span of Control.
5. Motivations:
Concepts and Applications in Organization, Personality, Behavior and
Motivation, Need Theory, X & Y Theory, Two factor Theory, Human
Relations Theory and Money and Motivation Theory.
6. Staffing:
32
Staffing activities, determining needs in advance. Selection and
Recruiting, Orientation and training, performance appraisal, MBO as a
technique for appraisal, Compensation, Promotion, Termination.
7. The Questions of Authority. Concept of Authority in Management:
Sources of Authority, Line, Staff and Functional Authority.
8. Know Thyself (Understanding Human Psychology)
Basic Motives, Humanistic approach, Self actualizing person,
Importance of Self Acceptance and Accurate Self Image.
9. Leadership:
Manager as a leader, An elementary introduction to leadership
theories.
10. Group Dynamics:
Characteristics of a group, Reasons, Types and control.
11. Communications:
Factors, Process, Noise, Media’s Philosophies or Theories of
communication.
12. Concept of Control:
Control process, Control as a Feedback, Phases, Types, Budgetary
Control, Break-even analysis and Control through Ratios, Control
through R.O.I., Direct control through Key Results areas,
Characteristics of a good control system.
RECOMMENDED BOOKS:
1. Koontz Harald
Weihrich, Beins,
Management Mc-Graw Hill,
New York latest edition.2003
2. Fulmer, Robert M., The New Management, Mc-
Graw Hill, New York, year
33
2003.
REFERENCE BOOKS:
1. Amin Khalid New Management, K.B.E
Book Bank Karachi,2005
2. Dapt, Richad L. Management, 4th Ed. Fort
Worth, The Dryden.
3. Peter Druckerr F. An Introduction View of
Management Hamper’s
College Press New York, .
4. Khursheed H. Siddiqui Introduction to New
Management, 2nd Edition
Ghazanfar Academy, Karachi,
2003.
5. Syed Shoukat Ali New Management, Rehbar
Publisher’s Urdu Bazar
Karachi.
34
B. COM. PART – II
PAPER – III: ECONOMIC DEVELOPMENT
OF PAKISTAN
1. ECONOMIC DEVELOPMENT
a) Definition of Economic Development
b) Distinction between Economic Growth and Economic
Development.
c) Characteristics of a Developing Economy
d) Pre-requisites of Economic Development.
2) RESOURCES OF PAKISTAN AND THEIR ROLE:
a) Natural Resources.
b) Human Resources
c) Capital Resources.
3) AGRICULTURAL DEVELOPMENT:
a) Agricultural Sector and its role
b) Co-operative Farming
c) Agricultural Marketing
d) Agricultural Finance
e) Agricultural Taxation
f) Land-Tenure System and Land Reforms.
4) INDUSTRIAL DEVELOPMENT:
a) Development and Prospects
b) Localization of Industries and Public Investment
c) Large Scale, Small Scale and Cottage Industries
d) Industrial Finance
e) Industrial Policies
f) Land-Tenure System and Land Reforms.
35
5) FOREIGN TRADE:
a) Main Exports and Imports
b) Volume, Value and Trends in foreign Trade, Balance of Payments.
Import Substitution and Export Promotion Strategies
c) Regional and International Organizations – their Role towards
developing Economies with Special reference to Pakistan.
6) FOREIGN AID AND ECONOMIC ASSISTANCE:
Sources, Forms, Cost and benefits of Economic assistance
7) TRANSPORT AND COMMUNICATION:
Means and their role in the Economic Development of Pakistan.
8) BANKING AND FINANCE:
a) Role of Commercial Banks in Economic Development.
b) Money and Capital Markets and their Instruments.
c) Capital Formulation – Sources and Problems.
d) Role and Functions of State Bank in the economic
development of Pakistan.
9) BUDGETING:
a) Sources of Public Revenue and Heads of expenditure,
b) Budget formulation with special reference to Pakistan.
c) Deficit financing.
10) ECONOMIC PLANNING IN PAKISTAN:
a Objective, forms and instruments of Economic Planning with
special reference to current plan in Pakistan.
RECOMMENDED BOOKS
1) Khawaja Amjad ECONOMY OF PAKISTAN,
36
Saeed Institute of Business anagement,
Lahore
2) Waqar Ahmed &
Rashid Amjad
THE MANAGEMENT OF
PAKISTAN ECONOMY
Oxford University Press, 1947-
82.
3) S. Akbar Zaidi ISSUES IN PAKISTANS,
Economy, Oxford University
Pres, year 2003
REFERENCE BOOKS:
1) M. Saeed Nasir, ECONOMICS OF PAKISTAN
, Lahore: Imtiaz Syed Kamal
Hyder Publisher, year 2003
2) Abdul Haleem
Khawaja
ECONOMIC EVELOPMENT
OF PAKISTAN Khawaja &
Khawaja Publishing House,
Islamabad, Latest Edition.
3) Govt. of Pakistan Pakistan Economic Survey
(Latest)
4) M. Aslam Development Planning in
Pakistan.
5) Govt. of Pakistan The Five years Plan (Latest)
NOTE: Latest Edition of the recommended books.
37
B. COM. PART- II
PAPER IV: ADVANCED ACCOUNTING
AND COST ACCOUNTING
PART I: ADVANCED ACCOUNTING -60%
1. Accounting for Companies: Issuance of Shares and Bonds,
Appropriation of Retained Earnings, Declaration and Payment of
Dividends, Financial Statements in accordance with International
Accounting Standards.
2. Accounting for Companies: Absorption, Amalgamation and
Reconstruction.
3. Fund/Cash Flow and Financial Statement Analysis:
Fund Flow Analysis, Cash Flow Statement (Indirect Method):
Financial Statement Analysis - Tools of Analysis, Dollar/Rupees and
percentage Change, Trend percentage, Component Percentage,
Common Size Financial Statements and Ratios, Interpretation.
4. Head Office and Branch Accounting: Recording of Reciprocal
Transaction, Billing of Merchandise at Cost and Above Cost,
Reconciliation, periodic adjustments, Closing Process, Financial
Statement.
5. Accounting for Installment sales under Perpetual Systems,
Defaults and Repossessions, Recognition of Realized Gross Profit,
Reporting of Relevant Accounts on Financial Statement.
RECOMMENDED BOOKS:
1.Simon and Kerrenbrock: Advanced Accounting, 4th
Edition, South Western
38
Publishing Company, Latest
Edition.
2. Meigs and Meigs, Accounting the Basis for
Business Decisions, New
York McGraw-Hill Book
Company 9th Edition.1993
3.Meigs and Meigs: Accounting the Basis for
Business Decisions, New
York McGraw-Hill Book
Company 12th Edition. 2003.
4.Meigs Ealter B. &
Jhonson:
Advanced Accounting,
McGraw-Hill Toronto,
Canada. latest edition
.
39
PART II: COST ACCOUNTING - 40%
1. Accounting for Manufacturing Concern: Cost Accounting
Concepts, Classification of Cost, Statement of Cost of Goods
Manufactured, Income Statement, Closing Entries.
2. Job Order Costing under Perpetual System.
3. Process Costing: Procedure of Process Costing (FIFO Method)
Cost by Department, Product Flow, Cost of Production Report.
4. Standard Costing: Computing and Recording Materials
quantity and Price Variances, Labour Time (Efficiency) and Wage
Variances, Factory Overhead (One Way) Variance.
RECOMMENDED BOOKS:
1. Meigs & Johnson Accounting: The Basis for Business
Decision. Sixth Edition, Latest Year.
2. Jams A. Cashin, Cost Accounting, 9th Ed. Auckland McGraw
Hill, 1981. Ralph S. Polimeni.
3. Matz,Usry, & Hamer Cost Accounting, Planning & Control, 9th
Ed. South Western Publishing Co. Ohio, latest edition.
4. Nasiruddin, Cost Accounting (latest Edition), Aziz
Publishers Urdu Bazar Lahore, 2002-2003
5. S. Qavi Ahmed, Cost Accounting, Latest edition, Latest Year.
40
B.COM.PART-II
PAPER-V: BUSINESS AND INDUSTRIAL LAW
BUSINESS LAW- 70 MARKS
I. LAW OF CONTRACT
Introduction and definition of contract, Essentials of a valid contract,
void agreements, contingent of the contract, Discharge of contract,
Quasi contracts, Indemnity and Guarantee, Bailment and Pledge,
Agency.
II THE SALE OF GOODS ACT
Define goods and its classification, Distinction between sale and
agreement to sell, price, conditions and warranties, Transfer of
property, Transfer of title, unpaid seller and his rights, Delivery and its
rules, Auction sale.
III. THE PARTNERSHIP ACT
Definition of partnership & Determination at will, Rights and duties of
Partner(s) implied authority of a partner, position of a Minor Partner,
Dissolution of Partnership, Registration and effect of non-registration
of the firm.
IV. THE NEGOTIABLE INSTRUMENTS ACT
Introduction, meaning, requirements characteristics of negotiable
instruments, Definition and Distinction of Promissory notes, Bill of
Exchange and cheque. Crossing – object and kinds, A brief
introduction of endorsement, Negotiation, presentment, Acceptance
and Dishonor. Discharge from liability.
V. SECURITIES
41
A brief Introduction of Mortgages, changes and Hypothecation.
VI. CARRIAGE OF GOODS.
Common Carrier. Essentials of a Common Carrier, Rights, and Duties
of a common Carrier. Restricted Liability of Railway Carriage as
common carriage and by Sea.
42
INDUSTRIAL LAW- 30 MARKS
I. THE FACTORIES ACT
Definitions, certifying surgeon and inspector, their powers and duties,
provisions relating to Health, safety and welfare, hours of work and
holidays, special provisions regarding employment of women and
children/Adolescent.
II. INDUSTRIAL RELATIONS ORDINANCE
Definitions, Trade union and its registration, collective Bargaining
agent, unfair labour practices, method of settlement of Industrial
disputes labour courts, strike and lockout.
III. WORKMEN’S COMPENSATION ACT
Meaning of the terms Accident and arising out of and in the course of
Disablement, Employer’s liability, when Employer is not liable to pay
compensation.
REFERENCE BOOKS:
Chaudhry A. G. Mercantile Law in Pakistan,. Pakistan
Publishing House, Karachi, Latest Edition.
Khawaja Amjad Saeed. Mercantile Law of Pakistan
Accountancy& Taxation Services Institute, Lahore. (Latest Ed.)
Khalid Mahmud Cheema, Business Law, Syed Mobin Mahmud Co.
Lahore. Govt. of Pakistan. Relevant Acts and Ordinances (Latest Ed.)
I.R. Hashmi. A Manual of Mercantile Law. (Latest Ed.)
M.C. Shukla. A manual of Mercantile Law, 11th revised
edition S. Chand and Co. (Pvt) Ltd. 1989.
Luqman Baig. Business Law, Ghazanfar Academy
Pakistan, Karachi 1995.
43
W.A.Razzaqui Business and Industrial Law Academic
Commerce Publications
RECOMMENDED BOOKS:
1. Khawaja Amjad Saeed, Mercantile and Industrial
Law of Pakistan Lahore,
Institute of Business
Management, 1999.
2. Hashmi I.R. & Rafiq
Ahmed,
A manual of Mercantile
Law including Industrial
Law, Karachi, Union Book
Stall, 1968.
44
B.COM. PART-II
OPTIONAL (A)
PAPER-VI:AUDITING AND INCOME TAX LAW
PAPER VI “A”
Section A AUDITING MARKS 60
I. Origin of auditing definition of auditing, Scope of audit,
limitations of audit.
II. Audit and investigation.
III. Qualities of an auditor, objects of an audit.
IV. Types of audit according to organization structure:- statutory
audit, private audit, Government audit, Internal audit, from practical
point of view:- Annual or Final audit, Balance sheet audit, Partial
audit, Interim audit, Management audit.
V. Audit Program, advantages of audit program.
VI. Audit working papers, purposes of working papers,
Characteristics of good working papers, Ownership of working papers.
VII. Evidence in auditing, Types of evidence, difficulties in the
collection of audit evidence.
VIII. Audit technique, Types of audit technique, Audit techniques
and related audit evidence, Audit standards and procedures,
Commencement of audit, Appointment, rights, duties and liabilities of
auditor.
IX. Internal control Features of effective internal control, Auditor’s
interest in internal control, Divisible profit, Effects of wrong
calculation of profit.
45
X. Auditor’s report, Clean and Qualified audit report.
SECTION “B”
INCOME TAX LAW 40 MARKS
Int roduct ion, Income Tax author i t ies, sel f assessment
scheme, income exempt f rom tax, Computat ion of total /
taxable income and tax payable of an individual salaried
person income, including rental income from property.
RECOMMENDED BOOKS SECTION “A”
1.R. K. Mautz: Fundamentals of auditing,
John Wi l ley and sons Inc.
New York.
2.Wal ter.W. Bigg: - Practical audit ing
(Publ ishers) Ltd. London.
3.Wal ter. B.
Meigs.E. John
Larson
Principle of audi ting And
Robert f . Meigs Richard D.
Irwin Inc. Homewood
Il l inois.
RECOMMENDED BOOKS SECTION “B”
1.Khwaja Ajmal
Saeed
Income Tax Law ,with practical
problems Accountancy and
Taxation Services Institute
P.O.Box 1164 (Latest – Edition).
(latest year)
2.Luqman Baig:- Income Tax Law Ghazanfer
Academy, Pakistan (Latest –
Edi t ion) .( latest year )
46
B. COM. PART - II
Optional (b)
PAPER –VI: INTRODUCTION TO COMPUTER
APPLICATION IN BUSINESS
1. INTRODUCTION TO COMPUTER AND DATA PROCESSING:
Digital and Analog Computers, Desk top and Lap-top Computers,
Number System, ASCII and EDCDIC Codes.
2. COMPUTER HARDWARE:
Central Processing Unit, RAM, ROM, Special-purpose memories,
Computer Word, Clock-seed, Input/Output, Devices & media.
3. COMPUTER SOFTWARE:
System and Application Software, Operating System, Utility
programme, Programming languages, High-level, low-level,
procedural & non-procedural languages, Object-oriented and data base
query languages, compiler, Interpreter and assembler. Application
software packages.
4. INTRODUCTION TO DATA PROCESSING:
Definition, Analog and digital transmission, modes of data
transmission, Modulation / Demodulation, Communication channels,
Network topologies.
5. OFFICE AUTOMATION APPLICATIONS:
Word Processing Spread Sheet, E-mail, Voice-mail, FAX, Desk-top
publishing internet etc. COMPUTER BASED INFORMATION
47
SYSTEMS; MIS, Accounting Information System, Decision Support
System (DSS), Export System (ES).
BOOKS RECOMMENDED:
1. Robert A. Szymanski, Introduction to Computer &
Information System
2. Raymond Mcleod Jr. Management Information
System, 6th Ed. (Prentice Hall
International Editions
3. Richard D. Irwin Computer and Information
System, 1995.
48
B. COM. PART – II
(Optional (c)
PAPER – VI: PRINCIPLES OF MARKETING
1. Marketing: Nature and scope, marketing functions, importance,
concept and evolution of marketing.
2. Environment and Information System: Micro and Macro roles:
Responding to the marketing environment. Marketing information
system and research process.
3. Study of Consumer Behavior: Characteristics affecting
consumer behavior. Buyer decision process.
4. Target Marketing: Measuring current market demand and
forecasting future demand. Market segmentation and market
Targeting.
5. Product Planning and Development: The meaning of Product
and Classification; new Product Planning product life cycle, Product
mix, Branding Labeling and Packaging decisions.
6. Pricing: Factors affecting price decision, Pricing approaches.
Pricing strategy.
7. Channels of Distributions: Nature and types of Middlemen and
Distribution channels. Selecting the channels. Retailing: nature, types
and importance of retailing; Wholesaling: Types of wholesalers;
Trends in wholesaling. Importance of storage. Transportation means
merits and demerits.
8. The Promotion: Nature and purpose of promotion. Steps in
developing effective communication for marketing. Advertising,
Direct selling and Personal selling. Sales promotion tools. Publicity
49
and Public relation concepts. Brief plan for Advertising and Personal
selling process.
9. Marketing Management: meaning and nature: Building
customer relationship through satisfaction, value and quality,
Evaluating marketing performance.
10. Services Marketing: Nature and importance of services,
marketing strategies for service firms.
RECOMMENDED BOOK:
1. Stanton, William J
and Walker Brach
Fundamentals of Marketing,
(9th Ed. New York Walker
Brach McGraw Hill, 1994
REFERENCE BOOKS:
1. Kotler, Philip &
Amstrong,
Principles of Marketing 6th Ed.
London, Prentice Hall, 1994.
2. Evans, Joel R and
Berman Barry.
Marketing 4th Ed. New York
Mc-Millan 1990
3. Etze, Walker, Staton, Marketing, 6th edition New
York, McGraw Hill, USA,
(latest year)
50
B. COM. PART – II
(Optional (d)
PAPER – VI: PRINCIPLES OF INSURANCE
2. Risk, its treatment, Fundamentals.
3. Principles of Insurance, Uses of Insurance, Types and
Organization including mutual reciprocals. Stock companies.
4. Bloyds, Association.
5. Government Insurance and Relative Position of Private
Insurance.
6. Insurance Contract/Policy.
7. Conditions Warranties.
8. Government regulation for insurance industry.
RECOMMENDED BOOKS:
1. Pakistan Insurance Act 1993 as amended to date.
2. Riegel, R. Miller D. and
William S. A.
Insurance Principles and
Practices, (Prentice Hall)
(latest year)
3. Chartered Insurance
Institute London,
Elements of Insurance
(latest year)
51
B. COM. PART – II
(Optional (e)
PAPER – VI: BANKING AND FINANCE
BANKING:
Definitions and kinds of Bank. Importance and functions of a
commercial Bank, sources of Funds, Features of current, Saving and
Fixed accounts credit instruments.
BANK LOANS ADVANCES:
Loans, cash credit, overdraft, discounting of Bills. Loans at call and
short notice Letter of credit, mortgage, principles of lending.
ISLAMIC BANKING:
Nature of Riba, usury and interest, prohibition of Riba, rationale of
current Saving and investment accounts, Distinction between Islamic
and international based Banks.
CENTRAL BANKING:
Nature objects and functions of a central Bank. The constitutions and
functions of STATE BANK OF PAKISTAN as Government Banking
Agent and Controller of Credit.
FINANCE:
Definition, kind and importance of Finance, sources of business funds
creditor’s funds and owner’s funds, their characteristics, advantages
and disadvantages, Short, Intermediate and Long term finance and
specialized financial institutions (PICIC, ICP, NIT, ADBP).
ISLAMIC MODES OF FINANCING:
52
Consumer finance: Qarz-e-Hasna, trade Finance, Markup, Musharika,
Purchase of Trade Bills, Bal Salam, Leasing, Hire purchases,
investment Finance, Masharika, Mudaraba and Rent Sharing.
WORKING CAPITAL:
Definition, importance, kinds, factors governing the working capital
and sources of working capital.
RECOMMENDED BOOKS:
1. Israr H. Siddiqi Practice and Law of Banking in
Pakistan, 6th edition Royal Book
Co. Karachi, 1998
2. Samuelson P.A. Economics, Mc-Graw Hill 16th
Ed. N.Y. 1998.
3. Saeed Nasir Money Banking and Credit,
Imtiaz Publishers Lahore. (latest
year)
4. Shahid Siddiqui Islamic Banking, Royal Book,
Karachi 1994.
5. Khurshid H.
Siddiqi,
An Introduction to Banking and
Finance, Ghanzafar
Academy Karachi year 2004.
6. Roger LeRoy
Miller
Modern Money and Banking 3rd
Ed. (Relevant Part) Mc David D.
Vanhoose Graw Hill.1985
7. Ziauddin Ahmed Money and Banking in Islam,
International Centre for Research
in Islamic Economics, King
53
Abdul Aziz University, Jeddah.
(latest year)
8. M. Najatullah
Siddiqi
Issues in Islamic Banking, The
Islamic Foundation London Road
Leicester, U.K, 1983.
9. Muhammad Amin
Khalid,
Banking and Finance, K-Be
Book Bank Karachi.2004