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 Costpush 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.
 Noncommutativity of multiplication of matrices and existence of nonzero 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
 Adjoint 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.NO  TOPIC 
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