Bachelor of Business Studies (BBS)
Curriculum, Bachelor of Business Studies (BBS)
Programme Objective
The objective of the BBS programme at the FOM is to develop students into
competent managers for any sector of organized activity. The programme is based
on the principle that graduates will spend a major portion of their life in a
constantly changing environment. Therefore, the student should have an
opportunity to obtain a broad knowledge of the concepts and reality- based
skills underlying the operation and management of organizations.
Upon
graduation, students should be equipped to function as a manager in business,
industry and government. The graduate should also have a variety of career
opportunities in different sectors of business including entrepreneurship and
create much needed jobs for others.
The BBS programme specially attempts to:
1.
Equip the students with the required conceptual
knowledge of business and administration to develop a general management
perspective in them.
2.
Develop required attitudes, abilities and practical
skill in students, which constitute a foundation for their growth into
competent and responsible business managers.
3.
Encourage entrepreneurial capabilities in students to
make them effective change agents in the Nepalese
society.
4.
Develop necessary foundation for higher studies in
management and thereafter take up careers in teaching, research and consultancy.
Curricular Structure
The FOM recognizes the need for both breadth and depth in the total
academic pattern. Therefore, the curriculum for BBS degree comprises four
separate and distinct course components:
1.
A strong foundation allied areas of business such as
language, economic analysis, legal environment and quantitative method to
prepare graduates to understand, analyze and comprehend the management
concepts, theories and practices.
2.
Core business studies encompassing and integrating all
functional areas to provide graduates with and appreciation of the diversity
and inter-relationship of business and management issues.
3.
The opportunity to concentrate in one area of
specialization such as accounting, finance, human resources management and
marketing in order to provide graduates with some degree of functional expertise.
Course Composition Compulsory Courses
MGT 201: Business
English MGT 202: Business Statistics
MGT
207: Microeconomics
for Business
MGT 204: Business Law
MGT 205: Business
Communication MGT 209: Macroeconomics for Business
Core Courses
MGT 211: Financial Accounting and Analysis MGT 212: Cost and Management
Accounting MGT 213: Principles of Management
MGT 214: Fundamentals of Marketing
MGT 215: Fundamentals of Financial
Management
MGT 223: Organizational Behavior
& Human Resource Management
MGT 217: Business Environment and Strategy MGT 224: Taxation in Nepal
MGT 225: Entrepreneurship
MGT 221: Business
Research Methods MGT 226: Foundation of Financial Systems
Concentration
Area
(Three courses from any one of the following five functional areas)
Accounting
ACC 250:
Accounting for Banking ACC 251: Accounting for Business
ACC 252: Advanced
Financial Accounting ACC 255: Auditing
ACC 256: Advance Cost and Management Accounting
Finance
FIN 250:
Fundamentals of Corporate Finance FIN 251: Commercial Bank Management
FIN 255:
Management of Financial Institutions FIN 253: Fundamentals of Investment
FIN 254: Insurance and Risk
Management
Marketing
MKT 250: Fundamentals of Selling
MKT 251: Customer Relationship
Management
MKT 252: Foreign
Trade and Export Management in Nepal MKT 253: Fundamentals of Advertising
MKT 254: Fundamentals of Services Marketing
Management
MGT 251: International Business
MGT 256: Small
and Medium Enterprises MGT 257: Event Management
MGT 258: Project Management
MGT 259: Technology &
Information Management
The First Year Programme
The purpose of the first year programme is to build a strong foundation
in students to prepare them to comprehend the business concepts, theories and
practices. The first year programme is organized into the following compulsory
and core courses:
First Year (500)
MGT 201: Business English
|
100
|
MGT 202: Business
Statistics
|
100
|
MGT 207 : Microeconomics
for Business
|
100
|
MGT 211 : Financial Accounting and Analysis
|
100
|
MGT 213: Principles of
Management
|
100
|
The Second Year Programme
The purpose of the second year programme is
|
to provide basic concepts, tools and understanding of the
|
foundation and core courses. The foundations courses are required to
develop understand business practices. The core courses provide essentials of
learning which are basic in the broad area of business studies. The second-year
programme is therefore organized into the following core and compulsory
courses:
Second Year (500)
|
||
MGT 205: Business Communication
|
100
|
|
MGT
209: Macroeconomics for Business
|
100
|
|
MGT 212: Cost and Management
Accounting
|
100
|
|
MGT 223: Organizational Behavior &
Human Resource Management
|
100
|
|
MGT 215: Fundamentals of Financial Management
|
100
|
|
The Third Year programme
The purpose of the third year programme is to provide basic concepts,
tools and understanding of the fundamentals of business studies. The core
courses provide essentials of learning which are basic to understand broader
area of business studies. The third programme is therefore organized into the
following core and compulsory courses:
Third
Year (500)
MGT 204: Business Law 100
MGT 226 : Foundation of Financial Systems 100
MGT 217:
Business Environment and Strategy 100
MGT 224 : Taxation
in Nepal 100
MGT 214:
Fundamentals of Marketing 100
The Fourth Year Programme
In fourth year, the
students are encouraged to focus on a particular functional and concentration
area of business studies. Building on the foundation laid in the first, second
and third years, the principal mission of the fourth year twofold:
1)
To enable the students to concentrate in one functional
areas of business. FOM offers four stream of concentration courses:
a)
Accounting
b) Finance
c)
Management
d) Marketing
2)
To provide opportunity to students to engage in
research and final project prsentation.
Fourth Year (500)
|
|
MGT 225: Entrepreneurship
|
100
|
Concentration I
|
100
|
Concentration II
|
100
|
Concentration III
|
100
|
MGT 221: Business Research
Methods
|
50
|
MGT 401: Final Project
|
50
|
Eligibility Conditions for Admission
The candidate
applying for admission to the BBS programme:
1.
Must have successfully completed the 10+2 in business/
commerce or an equivalent course from a
Higher Secondary School Board or from Tribhuvan University or from other
University/ Board recognized by T.U
2. Must
satisfy any other entry requirements or criteria as prescribed by the Faculty
Board or the campus.
Final Project Work
The
education of future manager will be incomplete without exposure to
organizational reality. Therefore, the final project work is made an essential
academic requirement for the fourth year students in all concentration courses.
To write a project work students will undergo a field work and spend four weeks
studying and learning from the organization during the time fixed by the
campus/college. After the field work, the student will write a project report
on the format prescribed by the FOM and submit it to the college/campus for
evaluation. The student may also be asked to present the report to the general
class and/ or faculty members. The evaluation of the report will be made by a
team of external and internal examiners appointed by the by the Research committee
of the respective campus/ college. The final viva-voce examination will be
conducted by Research committee of the concerned campus/ college. After the
completion of the project report will be submitted to the Office of Controller
of examinations (Balkhu) for final scrutiny.
A
student will have to pass the theoretical, practical and project work
examinations separately in all the courses having theoretical, project work and
or practical components.
Minimum General Requirements
The minimum general requirement
for the 4 - year BBS programme are as follows:
1.
An academic year will consist of a minimum of 150
teaching days excluding the days taken for admission and annual examinations.
2.
The total instructional hours in an academic year will
be 615 (150 day *4:10 hours a day.
3.
A paper of 100 marks will have 150 lectures each of 50
minutes. However for practical works, extra class hours will be required as
fixed by the Faculty Board.
4.
There will be a minimum of five periods (i.e class
hours) each teaching day. The campus/college
running morning or evening shifts will also be required to meet this minimum
class requirement.
Attendance, Evaluation and Grading System
The final evaluation of students is done through the annual examination
conducted by the office of the Controller of Examinations, Tribhuvan
University. However for qualifying to aapear in the annual examinations,
students must meet the following requirements:
a)
The student must have a minimum of 70 percent
attendance of the classes actually held.
b)
No student will
be allowed to appear in the second year final examinations without first
appearing in the first year final examinations.
The
grading system in the annual examinations is as follows: Third Division 35 percent
Second Division 45 percent
First Division 60 percent
Distinction Division 75 percent
Methods of Instruction
The campuses offering the BBS programme should use the methods of
instruction which help prepare the student for the realities of Nepalese
business, industry and government in which he/she has to work. A combination of
lecture, group discussions, problem- solving exercises, guest lectures,
practical work, and project work will be used as approaches to learning. The
campuses are also encouraged to use the case method of instruction whenever
required and wherever possible.
Graduation Requirements
The BBS programme
extends over four academic years and the BBS degree is awarded on its
successful completion. All candidates for BBS degree must fulfill the following
requirements:
1. The
successful completion of 19 courses of 1950 marks and submit a final project
report of 50 marks as prescribed with passing grades in all the courses.
2. The
passing scores obtained in all theory and practical components of the courses separately.
3.
Completion of courses for the fulfillment of BBS
programme must occur within the time limit as prescribe by Tribhuvan University.
MGT 213: Principles of Management
Level: Bachelor of Business
Studies Year: First
Nature
of the Course: Core Full
Marks: 100
Pass Marks: 35
Lecture
hours: 150
Course Objectives
This course
aims to impart the basic management knowledge and skills to the students so as
to enhance their managerial capabilities and enable them to apply in the
practical field. The course provides a comprehensive knowledge to students
about organization and help them understand the major functions, principles and
techniques of management.
Learning
Outcomes
Upon successful completion of this
course, students will be able to:
·
Understand what management is and why it is important
·
Have developed a working knowledge of
fundamental terminology and frameworks in the functions of management
·
Be able to identify and apply appropriate
management techniques for managing contemporary organizations
·
Have an understanding of the skills, abilities
and tools needed to obtain a job on a management track in an organization of
their choice.
·
Understand the changes in theories about how
managers should behave to motivate and control employees
Course Description
This course
contains the Nature of Organizations, Introduction to Management, Management
History and Current Thinking, Environmental Context of Management, Planning and
Decision Making, Fundamentals of Organizing, Leadership and Motivation,
Fundamentals of Influencing and Communication, Control and Quality Management,
Managing in Global Arena, Management Trends and Scenario in Nepal.
Course Details
Unit 1: The Nature of Organizations 15
Hrs.
Concept of
organization; Organizational goals: concept, purposes and types; Features of
effective organizational goals; Goal formulation: processes and approaches;
Goal succession and displacement; Problems of goal formulation; Changing
perspectives of organization.
Unit 2: Introduction to Management 10
Hrs.
Management:
definition, characteristics, functions, principles; Managerial hierarchy; Types
of managers; Managerial skills and roles; Management Careers; Emerging
challenges for management.
Unit 3: Management:
History and Current Thinking 15
Hrs.
Classical
Theory: introduction, contribution and limitation; Human relations and
Behavioral science theories; System Theory; Decision Theory; Management Science
Theory; Contingency Theory; Emerging Management Concepts: workforce diversity,
outsourcing, knowledge management, learning
organization.
Unit 4:
Environmental Context of Management 16
Hrs.
Concept of
Business Environment; Types of Business Environment: internal and external.
Basic Components of External Environment: economic, socio – cultural, political,
and technological; Environmental Scanning: concept and methods; SWOT analysis;
Social Responsibility of Business: concept and approaches; Areas of Social
Responsibility. Business Ethics: meaning and significance; Emerging Business
Environment in Nepal.
Unit 5: Planning and Making Decisions 20
Hrs.
Planning:
concept, types, process and importance; Strategic Planning: fundamentals of
strategic planning; Tactical Planning: comparing and coordinating strategic and
tactical planning; The Planning and Levels of Management; Decision Making:
meaning, types, approaches and process; Decision making under conditions of
certainty, risk and uncertainty; Group Decision Making: advantages and process;
Elements of Decision Situation; Management by Objectives (MBO): factors
necessary for a successful MBO program.
Unit 6: Fundamentals of Organizing 18
Hrs
Organizing:
concept, principles and process; Approaches to Organizing: classical,
behavioral, contingency. Departmentalization: meaning and types; Delegation of
Authority: meaning, steps, obstacles; Eliminating Obstacles to the Delegation
Process; Centralization and Decentralization: meaning, advantages and
disadvantages; Concept of Organic and Mechanistic Views of Organization;
Organization Architectures: vertical differentiation (tall versus flat
hierarchies), horizontal differentiation (functional structure, multidivisional
structure, geographic structure, and matrix structure); Modern Organizational
Structures: team, network and 360 degree structure.
Unit 7: Leadership and Motivation 22
Hrs.
Leadership:
Concept, functions, styles; Approaches to Leadership: trait, behavioral, and
situational; Leadership Today: transformational, coaching, entrepreneurial
leadership; Leadership Situations and Decisions; Team Management; Conflict:
meaning and types; Managing Conflicts in Organization; Motivation: concept and
process; Theories of Motivation: need hierarchy and motivation-hygiene;
Strategies for Motivating Employees;
Unit 8: Fundamental
of Influencing and Communication 8 Hrs.
Influencing:
concept and fundamentals; Influencing people; Influencing subsystem;
Communication: concept, structure, and process; Types of Communication: formal
and informal, Interpersonal and nonverbal communication in organization;
Barriers to Effective Communication; Enhancing Effective Communication.
Unit 9: Control and Quality Management 11Hrs
Control
Systems: concept, process, types, and characteristics of effective control
system; Potential Barriers to Successful Controlling; Quality Control Systems;
Total Quality Management (TQM): concept and tools; Deming Management:
principles and techniques; The Quality Improvement Process;
Unit 10: Managing in the Global
Arena 8
Hrs
Globalization:
concept, effects; Fundamentals of International Management; Multinational
Companies: meaning, types, advantages, and disadvantages; Digital dimensioning
and Planning, Organizing, Influencing, and Controlling.
Unit 11:
Management Trends and Scenario in Nepal 7
Hrs
Growth of
Business Sector in Nepal; Major Industries in Nepal: manufacturing, export
oriented, import substitution, and service sector; Existing Management
Practices and Business Culture in Nepalese Organization; Major Problems of
Businesses in Nepal.
Suggested Reading:
Griffin, Ricky
W., Management,
AITBS Publishers and Distributors, Delhi. Samuel C. Certo, Modern Management,
Prentice Hall of India, Delhi
Charles W.L. Hill and Steven L. McShane, Principles of Management, Tata
Mc-Graw-Hill Company, New Delhi
Robins, Stephen P. and Coulter, Mary, Management,
Prentice Hall of India.
James, Stoner,
AF, Freeman, Edward, R. and Gillbert, R., Jr. Daniel, Management¸Pearson,
India. Pant, P.R., Principles of Management, Buddha Publication Pvt. Ltd., Nepal
Chalise, M.
and Gautam, P. K., Principles of Management, KEC Publication and Distribution Pvt.
Ltd., Nepal
Level: BBS First Year Course No.: MGT: 201
Nature of the Course: Compulsory English
Lecture hours: 150
Full
Marks: 100
Pass
Marks: 35
Course Description
This course,
through spotlight on building business language competence and improving
reading and writing skills, helps students become successful communicators in
business situations. It makes use of three-pronged approach to enable them to
hone their grammar and mechanics, and critical reading and writing skills.
Objective
The objective of
this course is to help students use their general English skills in
interdisciplinary contexts with lessons covering vocabulary and grammar
exercises. It also aims to broaden students' literary readings in order to
enrich their linguistic competence, comprehension ability, writing and
presentational skills in business domain.
Course Outcome
The following
objectives specify that the business students, at the conclusion of the course,
should be able to:
·
improve linguistic competence at lexical,
structural/ grammatical levels
·
comprehend literary texts and writing modes
·
produce correct sentences, cohesive paragraphs
and organized texts
·
respond the literary and business readings
critically and analytically
·
boost competence towards global understanding
thereby strengthening their confidence in using English in professional and
social scenarios
Unit 1: Grammar and Writing Mechanics 15
marks (22 Hrs.) Sentences: Elements, Varieties, Patterns, Types, Faults;
Nouns, Pronouns and Antecedents; Verbs, Tenses, Subject-Verb Agreement;
Modifier and Connector: Modifiers, Prepositions, Conjunctions; Mechanics:
Punctuation, Capitalization, Numbers
Unit 2: Using the Business language 5
marks (7 Hrs.) Fundamentals of language; Language and Meaning; Language,
Society and Culture; Stylistic Features; Functions of Language Using Language
Effectively; Strong Words; Coherent Paragraphs; Commonly Confused Words
Unit 3:
Business Vocabulary 5
marks (7 Hrs.)
Importance of Business vocabulary;
Vocabulary in Use; Business Specific Terminologies, Idioms and Expressions;
Vocabulary in Communication Situations; Vocabularies in Writing Situation;
Vocabularies in Speaking Situation; Ways to Improve Business Vocabulary
Unit 4:
Business Communication Messages 5marks
(7 Hrs.)
Written; Oral; Visual Messages; Electronic Messages; Nonverbal
messages
Unit 5: Business Writing 15
marks (22 Hrs.)
Brochures:
Guidelines and Instructions; Media Stories, Releases and Advertisements: Media
Stories, News Reports; Articles and Stories; Broadcasting Stories; Press
Releases; Effective Media Relations; Advertisements
Unit 6: Reading Strategies and Writing
Process 25
marks (40 hrs.) Reading to Write: Becoming a Critical Reader; Brent
Staples. “Cutting and Pasting: A Senior Thesis”; Note-Making; Summarizing;
Invention; Arrangement; Drafting and Revising; Editing and Proof
Reading; Paragraph Writing.
Unit 7: Patterns of Writing 30
marks (45 Hrs.)
Narration: Sandra Cisneros: “Only
Daughter”; Bonnie Smith-Yackel: “My Mother never Worked”; Description: Jhumpa
Lahiri: “Rice”; Heather Rogers: “The Hidden Life of Garbage”; Cause and Effect:
Stan Cox: “The Case against Air Conditioning”; Lawrence Otis Graham: “The
‘Black Table’ is still There” Comparison and Contrast: Bharati Mukherjee: “Two
Ways to Belong in America”; Amy Chau: “Why Chinese Mothers are Superior”
Definition: Judy Brandy: “I want a Wife”; Gayle Rosenwald Smith: “The
Wife-Beater”; Argumentation: Alex Tabarrok: “The Meat Market”; Daniel Engber.
“Let them Drink Water!”
Prescribed Books:
Kirszner,
Laurie G. & Stephen R. Mandell (2012). Patterns for College Writing: A Rhetorical Reader
and Guide. Boston: Bedford/St. Martin’s.
Holmes, H.I.
(2019). English for Business Studies. Kathmandu: Buddha Publications
Suggested:
Tickoo, Champa & Jaya
Sasikumar (1979). Writing with a Purpose. New Delhi: Oxford. Guffey, Mary Ellen
& Carolyn M. Seefer (2011). Business English. Ohio: Cengage
Learning. Oxford Business English
Dictionary for Learners of English. Oxford: OUP.
MGT 202: Business
Statistics
Nature of Course:
Compulsory Full Marks:100
Level : Bachelor
BBS Pass Marks:35
Year : First Lecture Hours:150
Course objective
The basic
objective of this course is to provide students an understanding of concepts of
business statistics and to acquaint the students with necessary statistical and
mathematical tools and techniques to be used in business decision-making
processes.
Course
Description
This course
comprises introduction to statistics, classification and presentation of data,
measures of central tendency, measures of dispersion, Skewness, kurtosis and
moments, simple correlation and regression analysis, analysis of time series,
index numbers, probability, sampling and estimation, quantitative analysis,
determinant and matrix.
Learning outcomes
On the completion of this course, students will be able to:
·
classify, present and analyze the business and management related data.
·
interpret the data from the management
perspectives.
·
apply forecasting techniques in business and management.
·
use quantitative techniques in different decision making environments.
·
apply the tool for cause and effect relationship in managerial decision.
Course Details
Unit 1:
Introduction to Statistics 5
LHs
Meaning, scope
and limitation of statistics; Importance of statistics in business and
management; Types and sources of data; Methods of collection of primary and
secondary data; Precautions in using secondary data; and Problems of data
collection.
Unit
2: Classification and Presentation of Data 5
LHs Data classification: meaning, need, objectives and types of
classification; Construction of frequency distribution and its principles;
Presentation of data: tabular presentation, diagrammatic presentation: bar
diagram, Pie diagram, graphic presentation: histogram, frequency polygon,
frequency curve and ogive.
(Illustrations related to Business
and Management).
Unit
3: Measures of Central Tendency 15
LHs Mean: simple and weighted (Arithmetic Mean, Geometric Mean and Harmonic
Mean); Median; Partition values; Mode; Properties of averages; and Choice and
general limitations of an average.
Unit 4: Measures of Dispersion 15
LHs
Absolute and
Relative measures; Range; Quartile deviation; Standard deviation; Coefficient
of variation; and Lorenz curve.
Unit 5: Skewness, Kurtosis and Moments 15
LHs Meaning, objective and measurement of Skewness; Karl Pearson’s and
Bowley’s methods; Five number summary; Box-Whisker Plot; Kurtosis and its
measurement by Percentile method; Meaning of moments; Central and raw
moments and their relationship; and Measurement of Skewness and Kurtosis by
method of moment.
Unit
6: Simple Correlation and Regression Analysis 15
LHs Karl Pearson’s correlation coefficient including bi-variate frequency
distribution; Coefficient of determination; Probable Error(P.E.); Spearman’s rank
correlation coefficient; Concept of linear and non-linear regression; Simple
linear regression equations including bi-variate frequency distribution; and
Properties of regression coefficients.
Unit 7: Analysis of Time Series 15 LHs
Meaning, need
and components of time series; Measurement of trend: semi- average, moving
average, method of least squares; Measurement of seasonal variation: method of
simple average and ratio to moving average (only quarters).
Unit 8: Index Numbers 15
LHs
Meaning and
types of Index Number; General rule and problems in construction of index
number; Methods of constructing index numbers: simple and weighted (aggregative
and average of price relative method), Laspeyre’s index number, Paasche’s index
number, Fisher’s ideal index number; and Time and factor reversal tests.
Cost of living
index number (or Consumer’s price index number): aggregative expenditure method
and family budget method; and Base shifting and deflating.
Unit 9: Probability 10
LHs
Definition of
probability; Addition and multiplication theorem; Application of combination
rule in probability; and Conditional probability.
Unit 10: Sampling and Estimation 5
LHs
Meaning of
sample and population; Census versus sampling; Sampling techniques; Concept of
sampling distribution; Standard error; Estimation: estimator, concept of types
of estimates: Point and Interval estimates.
Unit 11: Quantitative Analysis 15 LHs
Introduction
to Quantitative Analysis; Application of management science: scientific
approach to decision making; Decision making under the condition of
uncertainty: maximax (optimism), maximin(pessimism), minimax regret; Decision
making under risk : Expected Profit (EP) Or Expected Monetary value
(EMV),
Expected Profit with perfect Information (EPPI), Expected Value of Perfect
Information (EVPI); Linear Programming Problem (LPP): Problem formulation with
two decision variables, graphical solution of maximization and minimization
problems.
Unit 12: Determinant 10
LHs
Definition of
determinant; Methods of finding the numerical values of determinant up to three
order; Properties of determinant and its use to find the numerical values of
determinants; and Cramer’s rule to solve simultaneous equations up to three variables.
Unit 13: Matrix 10
LHs
Definition and
types of Matrix; Addition, subtraction and multiplication of matrices;
Cofactors; Transpose; Adjoint and inverse of a matrix; Matrix method to solve
simultaneous equations up to three unknown variables.
Note:
Illustrations and applications in all chapters should be based on Business and
Management situation as far as possible.
Suggested Readings:
1. Gupta, S.C., Fundamentals
of Statistics for Management, Mumbai: Himalayan Publishing House.
2. Tulsian, P.C. & Pandey,
Vishal, Quantitative Techniques: Theory and Problems,
New Delhi:Pearson Education.
3. David, M.. Levine, Timothy,
C. Krehbiel, & Mark, L. Berenson
, Business
Statistics A first course, USA:Prentice Hall.
4.
Gupta , S.P., Statistical Methods, New Delhi:Sultan Chand and Sons.
5.
Levine, Richard I, and Dabid S. Rubin, Statistics
for Management , New Delhi: Prentice hall of India Pvt. Ltd.
6.
Aitken ,A.C. , Determinant and Matrices, UK: Amazon.
MGT 203: Microeconomics for Business
Level: Bachelor's Full Marks:100
Nature of the Course: Compulsory Pass
Marks: 35
Program: BBS Lecture
Hours: 150
Course Objectives
This course
aims to enhance the understanding of microeconomic theories and their practical
applications by developing students’ skill in the application of theories in
business decisions making.
Course Description
This course
comprises introduction to microeconomics, market equilibrium and efficiency,
elasticity of demand and supply, analysis of consumer’s behaviour, theory of
production, cost and revenue curves, product pricing theories and practices and
factor pricing.
Learning Outcomes
By the completion of the course students
will be able to:
·
Explain the nature and scope of the microeconomics and business economics.
·
Explain the concept of market equilibrium and
efficiency and to analyze effect of change in market demand market supply to the
market equilibrium and efficiency.
·
Define and
measure elasticity of demand and supply, their
applications and uses in business decision making.
·
Analyze the consumer's behaviour, derivation of the
demand curve for normal goods by using both cardinal and ordinal approach.
·
Explain the single variable and the multi-variable
production functions and determination of the optimal combination of two inputs.
·
Acquire the knowledge about the concept and nature of
cost and revenue and to derive costs and revenue curves.
·
Explain pricing of the products and the inputs under different market structures.
Course Details
Unit 1: Introduction-------------------------------------------------------------------------- 15LHs
Microeconomics:
meaning, scope, uses and limitations of microeconomics; Business economics:
nature and scope; Basic concepts: production possibility curve, marginal
analysis, incremental analysis, static and dynamic equilibrium analysis in
microeconomics; and Ten principles of economics.
Unit 2: Market
Equilibrium and Efficiency------------------------------------------ 20 LHs
Demand
function: types, determinants of demand, movement and shift in demand curve;
Supply function: types, determinants of supply, movement and shift in supply
curve; Market equilibrium; Effect of changes in demand and supply on market
equilibrium; Effect of government policy (Tax, subsidy and price control) in
market equilibrium; Concept of market efficiency; and Measuring market
efficiency by consumer's surplus and producer's surplus.
Unit 3: Elasticity of
Demand and Supply--------------------------------------------- 20
LHs
Price
elasticity of demand: concept, degree and calculation (percentage/proportionate
and average method); Point price elasticity of demand; Price elasticity and
total expenditure; Income elasticity of demand: concept, degree and calculation
(percentage/proportionate and average method); Cross elasticity of demand:
concept, degree and calculation (percentage/proportionate and average method);;
Concept of
advertisement
elasticity of demand; and Uses of price, income, cross and advertisement
elasticity of demand; and Price elasticity of supply: concept, degree and
calculation (percentage/proportionate and average method)
Unit 4: Analysis of Consumer's Behavior--------------------------------------------- 20
LHs
Cardinal
approach: assumptions, consumer's equilibrium, criticisms and derivation of
demand curve; Ordinal approach: assumptions and properties of Indifference
curve; Marginal rate of substitution; Price line; Consumer's equilibrium; Price
effect and derivation of price consumption curve (normal goods and Giffen
goods); Income effect and derivation of income consumption curve (normal and
inferior goods); Substitution effect; Decomposition of price effect into income
and substitution effect; and Derivation of demand curve for normal goods.
Unit 5: Theory of Production------------------------------------------------------------ 15
LHs
Production
function: Short-run and Long run production functions; concept of Cobb- Douglas
production function; Law of variable proportions; Isoquant: assumptions,
marginal rate of technical substitution and properties; Iso-cost curve; Optimal
employment of inputs; and Laws of return to scale.
Unit 6: Cost and Revenue
Curves------------------------------------------------------- 20
LHs
Cost function;
Concept of costs: Implicit cost and explicit cost, accounting cost and economic
cost, historical cost and replacement cost, separable cost and common cost,
opportunity cost; Short-run costs: cost-output relationship; derivation of
short run total cost curves and their relationship; derivation of short-run
average and marginal cost curves and their relationship; Reason for the
U-shaped of short run average cost curve; Relationship between AC and MC
curves; Long-run costs: derivation of long run average and marginal cost
curves; Reason for the U- shaped, L- shaped
and continuously falling long run average cost curve; Economies of scale; and
Concept of economies of scope. Revenue: revenue function; Revenue curves under
perfect and imperfect competition market; Relation between average and marginal
revenue curves; and Relationship between price elasticity of demand and revenue.
Unit 7: Product Pricing
Theories and Practices------------------------------------- 25
LHs
Market structure: concept and
characteristics; Profit maximization goal of firm;
Price and
output determination under perfect competition: short-run and long-run
equilibrium; Derivation of short run supply curve of a firm and industry; Price
and output determination under monopoly: short-run and long-run equilibrium;
economic effects of monopoly. Price and output determination under monopolistic
competition: short-run and long-run equilibrium, monopolistic firm's
equilibrium under product variation and selling expenses. Concept and types of
cartel; Pricing under joint profit maximization cartel; and Pricing practices:
price discrimination, cost plus pricing, incremental cost pricing, administered
pricing, export pricing, predatory pricing, skimming pricing and penetration
pricing.
Unit 8: Theory of Factor Pricing-------------------------------------------------------- 15
LHs
Rent: modern
theory of rent; Wages: marginal productivity theory of wages; Concept of
collective bargaining; Minimum wages fixation; Wage differentials; Interest:
Nominal and real interest rates; Interest rate differentials; Theories of
interest: loanable funds theory of interest and liquidity preference theory of
interest; Profit: economic profit and business profit; and Theories of profit:
dynamic theory of profit and innovation theory of profit.
Suggested Readings
Mankiw, N. G. Principles
of Microeconomics. New Delhi: Centage Learning India Private Limited,
Latest edition
Koutsoyianis, A. Modern
Microeconomics. Hong Kong: ELBS, Latest edition McConnell, C.R., Brue,
S.L., Flynn, S.M. and Grant, R. Economics. New Delhi:
McGraw Hill Education, Latest
edition
Salvatore, D. Managerial
Economics. New Delhi: Oxford University Press, Latest edition
Slowman, J. and Sutcliffe,
M. Economics
for Business. New Delhi: Pearson Education.
Browning, E.K. and Browning,
J.M. Microeconomic
Theory and Application. New Delhi: Kalyani Publishers, Latest edition
Pindyck, R.S.
and Rubinfield, D. Microeconomics. New Delhi: Prentice Hall of India, Latest
edition
Dwivedi, D.N. Microeconomic
Theory and Applications. New Delhi: Tata McGraw- Hill Publishing
Company Limited, Latest edition
MGT
211: Financial Accounting and Analysis
Nature of
course: Core Full
Marks: 100
LHs: 150 Pass
Marks: 35
Course Objectives
The main objective of this course is to provide in-depth knowledge and
understanding of basic principles, concept and practices of financial
accounting. This course also aims to develop students' understanding on
business transactions, record such transactions in an accounting system and
enable them to prepare and analyze the basic financial statements.
Course Description
This course contains conceptual and theoretical foundation of financial
accounting; processing and recording business transactions; accrual accounting
concept; adjusting entries, closing entries,; preparation of basic financial
statements like income statement, statement of retained earnings, balance
sheet, value added statement and cash flow statement; and their analysis.
Course Details
Unit I: Basic
Understanding of Financial
Accounting 8
LHs Forms of business entities: sole proprietorship, partnership and
corporate entities; Cyclical nature of business: financial cycle and operating
cycle; Financial accounting : concept, features objectives and scope ;
Book-keeping, accounting and accountancy; Nature of accounting; Qualitative
features of accounting information; Users and uses of accounting information:
internal users and external users; Limitations of financial accounting; Bases
of accounting: cash and accrual bases of accounting; and Accounting and other disciplines.
Unit 2:
Conceptual Framework of Accounting 8
LHs GAAP and its features; Basic accounting concepts: the business entity
concept, the monetary concept, the going concern concept, the cost concept, the
dual aspect concept, the accounting period concept, the realization concept,
the accrual concept and the matching
concept; Accounting concepts Vs. Accounting conventions; Basic accounting
conventions: consistency, conservatism, materiality and full disclosure;
Accounting standards: meaning, nature, need and significance of accounting
standards; NAS,IAS, NFRS, IFRS; Classification of Accounting standards; Ethics
in accounting.
Unit 3: Accounting Process 23
LHs
Accounting
events of business: concept and types; Source documents: concept, types and
role in recording transactions; Accounting equation for analyzing the
transactions; Debit and credit and their rules; Recording process of accounting
events: journal, sub-division of journal, ledger, and trial balance.
Unit 4: Accrual Basis of Accounting 10
LHs
Accrual versus
cash basis of accounting; Adjusting entries: concept and types of adjusting
entries; Adjusted trial balance; Closing entries: concept and types of closing entries.
Unit 5: Accounting for Inventories and Cost
of Goods Sold 8
LHs Concept, nature and cost of inventory; Cost of goods sold model;
Inventory valuation and income measurement: periodic and perpetual system;
Methods of inventory valuation in periodic and perpetual system; Inventory
estimation: retail inventory method and gross profit method; Effect of
inventory valuation on cost of goods sold and its disclosure; Analyzing the
management of inventory: inventory turnover ratio and number of days' sales in inventory.
Unit 6:
Accounting for Cash and Internal Control 6
LHs Concept and nature of cash ; Internal control and principles of
internal control activities; Cash receipts and disbursement control;
Preparation of bank reconciliation statement; adjusting entries; petty cash
fund; Effect of cash in balance sheet; Internal control procedures.
Unit 7: Accounting for Receivables 6 LHs
Concept, nature
and types of receivables; Recognition and valuation of accounts receivables:
presentation of accounts receivable in balance sheet,
Recognition and
valuation of notes receivables; Balance sheet presentation of notes receivable;
Analyzing the management of accounts receivable: Accounts receivable turnover
ratio and days' sales outstanding.
Unit 8: Accounting for Current Liabilities and Contingencies 6 LHs Concept
and nature of current liabilities; types of current liabilities: Accounts
payable, notes payable, tax payable, other accrued liabilities (accrued
expenses and unearned income) and current maturities of long-term debt;
Recognition and valuation of accounts payable and notes payable; Balance sheet
presentation of accounts and notes payable; Concept of contingent liabilities;
Accounting entries of product warranty and guarantees; Analyzing the management
of current liabilities.
Unit 9: Accounting for Long-Lived Assets 10
LHs Concept, features and types of long lived assets; Acquisition cost of
tangible long lived assets; Depreciation of tangible long lived assets:
Straight-line method, diminishing balance method, unit of activity method and
depreciation fund method; Choice of depreciation method; Disposal of long lived
assets; Impact of depreciation on profit measurement; Capital versus Revenue
expenditure; Effect of long lived assets in balance sheet; Analyzing the
management of long lived assets.
Unit 10: Accounting for Long Term Liabilities 8
LHs Concept of tong term liabilities; Concept, features and types of
debentures or bonds ; Accounting entries for issuance and retirement of
debentures or bonds; Balance sheet presentation of debentures or bonds;
Concept and
types of leases: Acquisition of capital lease; depreciation of leased asset;
amortization of lease obligation; balance sheet presentation of lease
obligation; analyzing the management of long-term debt.
Unit 11: Accounting for Shareholders' Equity 7
LHs Concept of shareholder's equity; Components of shareholders equity:
Common share, preference share, additional paid-in capital, and retained
earnings; Balance sheet presentation of shareholder's equity; Accounting
entries for issuance of share; Accounting entries for treasury share or stock;
Accounting entries for cash and stock dividend, stock split and its effect on
shareholder's equity; Analyzing the management of shareholders' equity.
Unit 12: Basic Financial Statements 20
LHs
Financial statements-means
of communicating accounting information: concept, purpose, types and
relationship;
Income statement:
concept and types of income statement, components of an income statement,
preparation of single step and multi step income statement;
Statement of retained earnings:
concept, components and preparation of retained earnings statement;
Statement of financial position or
balance-sheet: concept, purpose, components and preparation of classified
statement of financial position or balance sheet;
Statement of changes in owners'
equity: concept, components and preparation of statement of changes in owners’
equity.
(Disclosure required for financial
statements as per Nepal Company Act and NFRS).
Unit 13: Cash Flow Statement 12
LHs
Meaning,
objectives and importance of cash flow statement; Contents of cash flow
statement; preparation of cash flow statement using trail balance of a year;
Preparation of cash flow statement using balance-sheets of two dates under
direct and indirect method.
Unit 14: Value Added Statement 6
LHs
Value added:
concept and its application; Value added statement: concept, contents and
advantages; Preparation of value added statement showing value added generated
and applied.
Unit 15: Analysis of Financial Statement 12
LHs Meaning, objectives, need and importance of financial statement
analysis; Types of financial statement analysis: Horizontal and vertical
analysis, comparative and common size statement analysis and their application.
Ratio analysis:
concept, uses, importance and limitations of ratio analysis; Types,
computations and interpretations of: liquidity (current ratio and quick ratio),
capital structure (debt-equity ratio, debt to total capital ratio, interest
coverage ratio and debt coverage ratio), efficiency (stock turnover ratio,
receivable turnover ratio including collection period, payable turnover ratio
including payable period, fixed assets turnover ratio, total assets turnover
ratio, capital employed turnover ratio), profitability (gross profit ratio, net
profit ratio, operating ratio, return on equity, return on total assets and
return on common shareholders equity) and earning evaluation ratios (EPS, DPS
and price earning ratio) for evaluating the financial performance of the
business.
Suggesting Readings
Accounting
Standards Board, (2003). Nepal Accounting Standards. Kathmandu: ASB.
Greunnung &
Keen, (2000). International Accounting Standards. A Practical Guide, USA: World
Bank
Narayanaswamy.
R. Financial Accounting: A Managerial
Perspective (Fourth Edition). New Delhi: PHI Learning Private Limited.
NFRS (2014).
Nepal Accounting Standards. Kathmandu: ASB.
Porter. G.
& Norton, C. L. Introduction to
Financial Accounting (8th Edition). Delhi: Cengage Learning
India Private Limited.
Tulsian, P. C.. Fundamental of Accounting. New Delhi: Mc
Graw Hill Education Private Ltd.
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