H.R. College conducts the post graduate course of M.Com. with specialisation in Business Management or Advanced Accountancy under the credit based system of the University of Mumbai. The college has 80 seats for the Business Management course and 120 seats for the Advanced Accountancy course.
For admission, the college follows the guidelines of the University of Mumbai.
The cut off percentage is very high and rises year after year.
A majority of the lectures are taken by internal faculty. Classroom teaching is supplemented by guest lectures, seminars, workshops and live projects.
The following are the distinguishing features of the H.R. M.Com. programme:
M.Com. Part - I (Semester I & II)
STRATEGIC MANAGEMENT
SEMESTER - I
SEMESTER - II
ECONOMICS OF GLOBAL TRADE AND FINANCE
SEMESTER - I
SEMESTER - II
ADVANCED FINANCIAL ACCOUNTING
Advanced Financial Accounting : Paper - I
SEMESTER - II
1. Consolidated Financial Statements
2. Accountancy & Statutory Requirements of Banking companies
3. Foreign Currency Conversion
4. Published Corporate Annual Reports
Advanced Financial Accounting : Paper - II
SEMESTER - II
1. Specified Accounting Standards (AS)
2. International Financial Reporting Standards (IFRS)
3. Valuation for Amalgamation, Merger
4. Accounting and Statutory Requirements of Insurance Companies & Co-operative Societies
ADVANCED COST ACCOUNTING
Advanced Cost Accounting : Paper - 1
SEMESTER - I
Advanced Cost Accounting : Paper - 2
SEMESTER - II
M.Com. Part - II (Semester III & IV)
Semester - III
ADVANCED ACCOUNTING : PAPER - 3
ADVANCED FINANCIAL MANAGEMENT
ADVANCED ACCOUNTING : PAPER - 4
ADVANCED AUDITING PAPER - I
ADVANCED ACCOUNTING : PAPER - 5
DIRECT AND INDIRECT TAXES PAPER - I
Direct Tax
ADVANCED ACCOUNTING : PAPER - 3
ADVANCED FINANCIAL MANAGEMENT - PAPER - II
Long Term Sources of Finance
Short Term Sources of Finance
ADVANCED ACCOUNTING : PAPER - 4
ADVANCED AUDITING PAPER - II
ADVANCED ACCOUNTING : PAPER - 5
DIRECT AND INDIRECT TAXES PAPER - II
Indirect Taxes
2. Maharashtra Value Added Tax (MVAT)
2.1 Introduction : Definitions, Sec 3, 4, 5, 6, 7, 8 (Only theory)
2.2 Registration procedure and rules: Section 16
2.3 Audit Section 22 & 61
2.4 Penalty and Interest
2.5 Set-Off- Refund-Composition scheme
SEMESTER - I and II
PAPER - I: ADVANCED FINANCIAL ACCOUNTING
1. Consolidated Financial Statements
2. Accountancy & Statutory Requirements of Banking companies
3. Foreign Currency Conversion: Requirements as per AS- 11 - Foreign Branches
4. Published Corporate Annual Reports : Contents of Annual Reports - Notes of Accounts - Director’s Reports - Auditor’s Reports - Management Discussion Analysis
5. Specified Accounting Standards (AS)
(a) AS - 16 Borrowing Costs (b) AS - 17 Segment Reporting
(c) AS - 20 Earnings per share (d) AS - 22 Accounting for taxes on income
6. International Financial Reporting Standards (IFRS)
7. Valuation for Amalgamation, Merger
a) Methods of Goodwill b) Methods of Shares
c) Methods of Business
8. Accounting and Statutory Requirements of Insurance Companies & Co-operative Societies
a) Insurance companies:
1) Life Insurance Business 2) General Insurance Business
1) Life Insurance Business 2) General Insurance Business
b) Co-operative Societies
Recommended books:
ADVANCED COST ACCOUNTING
Recommended books :
SEMESTER - III AND IV
Research Methodology in Commerce
Recommended books:
PAPER - III: ADVANCED FINANCIAL MANAGEMENT
Note :
Problems should be on analysis and decision making with/without calculation of ratios.
4. Financial Decision :
Cost of Capital : Introduction, Definition of Cost of Capital, Measurement of Cost of Capital, WACC, Marginal Cost of Capital
Capital Structure Decisions : Meaning, Choice of Capital Structure. Importance, Optimal capital Structure, EBIT-EPS Analysis, Cost of Capital, Capital structure and Market Price of Share, Capital Structure Theories, Dividend Policy - Payout Ratio
Business Risk and Financial Risk : Introduction, Debt v/s Equity Financing, Types of Leverage, Investment objective / criteria for individuals / Non-business purpose
Recommended Books :
5. Types of Financing:
Introduction, Needs of Finance and Sources: Long Term, Medium Term, Short Term
6. Investment Decisions :
Introduction, Purpose of Capital Budgeting, Capital Budgeting Process, Types of Capital Investment Decisions, Project Cash Flows and Net profit Approval, Basic Principle of Measuring Project Cash Flows, Increment principle, Long Term Funds Principle, Exclusion of Financial Cost, Principle, Post Tax Principle, Probability technique for measurement of cash flow, Capital Budgeting Techniques (Only Time adjusted / discounted cash flows), Net present value, PI, IRR, Discounted pay back, Capital Rationing
7. Management of Working Capital : Meanings, Concepts and policies of working capital, Management of working capital, Issues in working capital, Estimating working capital needs (only Theory), Operating or working capital cycle (only Theory)
Cash Management : Management of Inventory, Management of Receivables, Financing of Working Capital.
PAPER - IV: ADVANCED AUDITING
Recommended Books :
3. The Company Audit :
General consideration in a company audit; Special requirements of company audit; Audit report: Basic Elements of the Auditor's Report, Format of Audit Report (Including -Companies (Auditor's Report) Order, 2003)
4. New Standards on Auditing (SAs)
SA 200 (Revised) Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
SA 200 A Objective and scope of audit of Financial Statement
SA 210 (Revised) Agreeing the Terms of Audit Engagements
SA 220 (Revised) Quality Control for an Audit of Financial Statements
SA 230 (Revised) Audit Documentation
SA 240 (Revised) The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements
SA 300 Planning and Audit of Financial Audit
SA 500 Audit Evidence
SA 501 Audit Evidence - Specific Considerations for Selected Items
SA 505 (Revised) External Confirmations
SA 510 (Revised) Initial Audit Engagements - Opening Balances
SA 520 Analytical Procedures
SA 610 (Revised) Using the Work of Internal Auditors
PAPER - V: DIRECT AND INDIRECT TAXES
>Definitions : S: 2
: Person, Assessee, IncomeBasis of charge (S: 3 to 9) :
Previous Year , Assessment Year , Residential Status, Scope of Total Income, deemed Income.Exclusions from Total Income (S:10) :
Exemptions related to Specific Heads of Income to be covered with relevant provisions such as Salary, Income from Other Sources, Agricultural Incomes, Sums received From HUF by member, Share of Profits from Firm, Income from Minor Child & DividendHeads of Income :
(Including relevant items from S:2 and S:10) - Salary (S:15 to 17) Income from House Property (S:22to 27) - Profits & Gains from Business, Profession and Vocation: (S:28 to 32 ,35 ,36 ,37,40,40A and 43B ) - Capital Gains - (S:45 to S:50 C) - Income from other Sources - (S : 56 to 59 )
Deduction u/s 80 :
80 C , 80CCF ,80D, 80DD , 80DDB , 80E , 80U.Computation of Income & Tax of individual, firm and company
( Excluding MAT )Advance tax Payments : Sec 208
Indirect Taxes
Service Tax
1.1 Basic Terms :
Terms- Service, Activity, Consideration, Person, Declared Services
Applicability of Service Tax, Registration under Service Tax law (Sec 69), Registration Procedure, General Exemptions from Service Tax in certain cases, Threshold Exemption, Service Tax Returns and Penalty for late filing, Payment of service tax and rate of service tax, Penal consequences for delay and default in service tax payments, Books and records maintained by the assessee, Time limit for issue of an invoice, Negative List (Sec 66 D Specifies services which are not taxable)
1.2 Services Specifically Excluded :
Transfer of title in goods or immovable property, Transfer delivery or supply of any goods which is deemed sale, Transactions on money or actionable claims, Provision of service by employee to employer, Services provided by MP, MLA, etc; Duties preferred by persons who hold posts in pursuance of provision of constitution e.g. Central Vigilance Committee; Duties performed as a chairperson or member or director in body established by central, state Govt or local authority.
1.3 Point of Taxation :
Determination of point of taxation; Point of Taxation for export of services from 1.4.2012; Special provision for individual, partnership, LLP's
1.4 Valuation of Taxable Services :
Value for the purpose of taxable services; Rules for valuation; The essential ingredients of the rules; Value of similar services; Valuation on the basis of equivalent monetary value of consideration where value of similar services can not be ascertained; Inclusion/Exclusion of certain expenditure or cash; Taxable services provided from outside India; Value of services involved in execution of works contracts; Value of services involved In supply of food and any other article of human consumption in a restaurant or as outdoor catering.
1.5 Place of Provision of Services :
Introduction, Basic Framework, Rule 3 - Location of the Receiver, Rule 5- Location of Immovable Propert, Rule 7- Part performance of a service at different locations
2. Maharashtra Value Added Tax (MVAT)
2.1 Introduction : Definitions, Sec 3, 4, 5, 6, 7, 8 (Only theory)
2.2 Registration procedure and rules: Section 16
2.3 Audit Section 22 & 61
2.4 Penalty and Interest
2.5 Set-Off- Refund-Composition scheme
Notes
:In its 4th year of growth with 80 seats for the course, HR conducts the M.Com. Programme with specialization in management. For admission to the said course the cut off percentage is high for both in-house students as well as those from other colleges. Performance at the personal interview and attendance at the under-graduate classes are other criteria for admission. A majority of the lectures are taken by internal faculty. Classroom teaching is supplemented by guest lectures, seminars, workshops and live projects. The college is conducting terminal examinations and preliminary examination to prepare the students in the technique of writing answers. The following are the distinguishing features of the H.R. M.Com. Programme:
M.Com. Part - I (Semester I & II)
STRATEGIC MANAGEMENT
SEMESTER - I
SEMESTER - II
ECONOMICS OF GLOBAL TRADE AND FINANCE
SEMESTER - I
SEMESTER - II
HUMAN RESOURCE MANAGEMENT
BUSINESS MANAGEMENT : PAPER - 1
SEMESTER - I
SEMESTER - II
MARKETING STRATEGY AND PLANS
BUSINESS MANAGEMENT : PAPER - 2
SEMESTER - I
(a) Corporate Strategies
(b) Business Unit Level Strategies
(c) Developing Marketing Plans
SEMESTER - II
M.Com. Part - II (Semester III & IV)
RESEARCH METHODOLOGY IN COMMERCE
SEMESTER - III
SEMESTER - IV
ORGANISATIONAL BEHAVIOUR
BUSINESS MANAGEMENT : PAPER - 3
SEMESTER- III
SEMESTER- IV
INTERNATIONAL MARKETING
BUSINESS MANAGEMENT : PAPER - 4
Semester - III
Semester - IV
ENTREPRENEURSHIP MANAGEMENT
BUSINESS MANAGEMENT : PAPER - 5
Semester - III
Semester - IV
SEMESTER I and II
STRATEGIC MANAGEMENT
1. Introduction to Strategic Management
a. Define Strategy, Strategic Management Process
b. Levels of Strategies- Corporate, Business and Operational level, Types of Strategies - Functional Strategies, H.R Strategy, Marketing strategy, Financial Strategy, Operational Strategy
c. Benefits and Risks of Strategic Management
d. Formulation of Strategy and Strategic Implementation
e. Business Environment, Components of Environment, Environmental Scanning, Analysis of Strategies and Choice of Strategy
2. Business, Corporate and Global Strategies: Practices and Issues
a. Introduction to Corporate Restructuring, Need for corporate restructuring and forms of corporate restructuring
b. Evaluation of Strategic Alternatives, Types of Strategic Alternatives like Portfolio Analysis and its techniques, SWOTAnalysis, Profit Impact of Market Strategy (PIMS)
c. Strategic Change, Corporate Renewal, Internal and External causes of Organizational failures
d. Culture of Organization, Management of Strategies and Cultures
e. Strategies for Foreign Direct Investment and International Trade in India
3. New Emerging Strategies in Information Communication Technology (ICT)
a. Concept of Outsourcing, Strategic Reasons of growing Outsourcing in India
b. Meaning of Management Information system (MIS), Strategic MIS, Characteristics of Strategic MIS System and Barriers to Successful Development of Strategic MIS System
c. Business firms using Information Technology for creating Strategic Advantages - Reengineering Business Processes, Virtual Company Strategies, knowledge creating Company
d. Emerging Strategies in Telecommunication Sector
4. Disaster Management: The Development Perspective, Concerns and Strategies
a. Disaster Management Strategies in Global Context
b. Strategic ways of managing disasters at the National, State, District levels
in India
c. Challenges of Disaster Management and Governance in India
d. Economic Losses due to disasters- Issues and Strategies
e. Strategies for preventing disasters and Preparedness Measures
f. Strategies to cope with Disasters
5. Strategic Alliances, Corporate Strategy and Corporate Governance
a. Meaning of Strategic Alliances, Types and Structure
b. Problems in Indian Strategic Alliances
c. Meaning of Corporate Strategy, Corporate Level Strategies - Mergers and Acquisitions, Takeovers, Joint Ventures, Diversification, Turnaround, Liquidation
d. Relationship Between International Strategy and Corporate strategies
e. Corporate Governance Principles and Practices in India
f. Corporate Governance Practices around the World
6. Emerging Trends in Global Business Environment
a. Strategies for growing green economies
b. Strategies for Governing Public Private Participation of Business Sector in India
c. Meaning of Corporate Social Responsibility (CSR), Strategies of linking CSR with Profit and
Sustainability for obtaining business benefits
d. Strategies for Environmental Accounting and Auditing
Recommended books
:ECONOMICS OF GLOBAL TRADE AND FINANCE
Recommended books
:HUMAN RESOURCE MANAGEMENT
Recommended books
MARKETING STRATEGY AND PLANS
(a) Corporate Strategies Defining firm’s mission-objectives-sources of competitive advantage-Product/Market strategies- allocating resources (portfolio models BCG and GK and Value based Financing (i.e. DCF model)
(b) Business Unit Level Strategies
Designing SBU ‘S- business unit objectives-allocating resources within business units-business strategies of prospector/defender/analyser/reactor (Reference-Organisational Stratey, Structure and Purpose-By R. E. Miles and C.C. Snow)
(c) Developing Marketing Plans
Understanding Marketing environment-macro trend analysis (demographic, socio-cultural, technological, regulatory and natural environment)- internal micro analysis-assessing industry attractiveness with Porter’s Five Forces model- anticipating and responding to environmental change-understanding Market demand ( student must have basic familiarity with demand forecasting)
a) Customer Value, Satisfaction and Loyalty
b) Satisfying Attractive Martket Segments (the segmentation process) and Targets Positioning and Dealing with Competition
VPRODUCT STRATEGIES: Designing product strategies and managing through the life cycle (including new product strategies)-building strong brands and equity-strategies for services
VI.PRICING AND DISTRIBUTION STRATEGIES: Price demand relationship-alternative pricing strategies-managing value network and channels managing retailing, wholesaling and logistics.
VII. INTEGRATED MARKETING COMMUNICATION STRATEGIES: Designing IMC - managing Advertising. PR Promotion, Personal selling and Direct Marketing
VIII. MARKETING METRICES FOR MARKETING PERFORMANCE:Setting performance standard-evaluating feedback data-strategy reassessment - Marketing audit
Recommended books :
SEMESTER - III and IV
RESEARCH METHODOLOGY IN COMMERCE
1. Introduction to Research : Nature of Scientific Inquiry, Scientific Methods, Induction & Deduction,Hypothesis and Theory and their Interpretation, Nature and Scope of Social Research, Need for Multi-Disciplinary and Inter-Disciplinary Research
2. Defining Research problems and Research Design : Planning of Research, Selection of a Problem for Research, Sample Size. Research Design, Important Aspects of Research Design
3. Methods and Techniques of Data Collection : Methods of Data Collection, Sources of Data Collection- Use of Secondary Data and Methods of Collecting Primary Data, Observation and Interviews, Questionnaires and Schedules.
4. Processing of Data : Processing and Analysis of Data - Processing Operations, Types of Analysis, Presentation and Interpretation of Data like Editing, Classification and Tabulation- Interpretation.
5. Research Report : Preparation of a Report - Types of Report like Research Report, Format and Principles of Writing Reports, Documentation, Footnotes and Bibliography.
6.Statistical Analysis and Interpretation of Data : Quantitative Tools , Measures of Central Tendency, Dispersion Measures of Correlation, Simple and Multiple Correlation Testing of hypothesis, Tests based on t, p, z and chi square, Time series Analysis, Trend Measurement, Moving Averages.
Recommended books:
1.Research Methodology - Text and Cases with SPSS Applications, by Dr S.L. Gupta and Hitesh Gupta, International Book House Pvt Ltd
2.Foundations of Social Research and Econometrics Techniques by S.C. Srivastava, Himalaya publishing
3.Statistical Analysis with Business &Economics Applications, Hold Rinehart & Wrintston, 2nd Edition, Business Research Methods, Clover, Vernon T and Balsely, Howard L, Colombus O. Grid, Inc
4.Business Research Methods, Emary C.Willima, Richard D. Irwin In. Homewood
5.Research Methods in Economics and Business by R. Gerber and P.J. Verdoom, Macmillan Company
6.Research and Methodology in Accounting and Financial Management, J.K Courtis
7.Statistics for Management and Economics, by Menden Hall and Veracity, Reinmuth J.E
8.Methodology of Research in social science, by O.R. Krishnaswami, Himalaya Publishing House
ORGANIZATIONAL BEHAVIOR
I. THE FIELD OF ORGANIZATIONAL BEHAVIOR
1.Introduction to Organizational Behavior
a) Definition of organizational & behavior
b) Historical Development of OB
c) Human Relations Movement
d) Impact of technology on organizational behavior
II. THE ORGANIZATION
2.Organizational Design
a)Key factors in organizational design
b) Types of organizational design
c)Need and significance of a sound organizational design
d) Organizational Structures - traditional and contemporary structures
3. Organizational Culture
a)Meaning and dimensions
b) Role of founders’ values and vision in creating and sustaining culture.
c)Types of organizational cultures
d) Impact of culture on image and performance of the organization.
4. Organizational Communication - Tool and Techniques
a)Johari Window
b) Transactional Analysis
c)Lateral Thinking
d) Brain Storming
e)Delphi Technique
f)Power of grapevine and other informal communication techniques.
III. GROUPS AND ORGANIZATIONS
5. Groups and Teams
a)Group Dynamics - Groups versus teams
b) Nature and types of groups and teams
c)Five stages of group/team development
d) Determinants of group behavior
e) Typical teams in organizations
6. Leadership
a) Leadership as a concept and its essence
b) Leaders versus managers
c) Blake and Mouton’s Managerial Grid
d) Hersey and Blanchard’s situational leadership
e)Transactional versus Transformational leadership
f)Women as leaders
g) Leadership in entrepreneurial and family business organizations
IV. INDIVIDUAL AND ORGANIZATIONS
1. Foundations of Individual Behavior
a)Factors affecting individual behavior - personal, environmental and organizational
b) Nature and Determinants of Personality
c)Personality Traits - Big Five, Locus of Control, Self Esteem, Type A/ Type B Personality, Risk Taking, Machiavellianism, Self Monitoring
d) Personality and OB
2. Motivation
a)Power and purpose of motivation
b) Theories of motivation - Locke’s goal setting theory, Vroom’s expectancy theory. Porter and Lawler’s model, Adam’s equity theory, McClelland’s theory of needs.
c)Motivational Techniques - Job design / enlargement / enrichment / rotation
d) Managing rewards - Job status based rewards, Competency based rewards, performance based rewards
e)Empowerment and Self Managed Teams
3. Work Related Attitudes, Values and Perception
(a) Meaning and definitions
(b) Factors influencing perception
(c) Social and Person perception
(d) When perception fails.
(e) Perception and OB
V. ORGANIZATIONAL OUTCOMES
4. Power and Politics
(a) Power - Dynamics, Sources and Tactics
(b) Politics - Essence. Types of political activities,
(c) Ethics of power and politics
5. Conflicts and Negotiations
(a) Nature of conflict
(b) Functional and Dysfunctional conflict
(c) Conflict resolution and negotiations
(d) Managing conflict during change initiatives.
6. Stress
(a) Meaning and definition
(b)Work stress model
(c) Sources of stress
(d) Stress Management-Individual & Organizational Strategies
(e) Impact of stress on performance.
Recommended books :
INTERNATIONAL MARKETING
2. International Marketing environment :
International marketing strategy :
4. Procedural and policy framework :
Recommended books :
ENTREPRENEURSHIP MANAGEMENT
A. ENTREPRENEURSHIP DEVELOPMENT PERSPECTIVE
D. Role of Central and State Government in promoting Entrepreneurship
Recommended books:
Reference Reading: