• The students will learn the concepts and principles of Accounting and get an understanding of Indian Accounting Standards and International Financial Reporting Standards.
• They will acquire conceptual knowledge of Financial Accounting and impart practical skills for recording various kinds of business transactions.
• The students will acquire practical knowledge and technical expertise in maintaining books of accounts of partnership firms, companies, banks and other non corporate bodies including accounting for Hire Purchase, Instalment System, Consignment and Joint Venture.
• It will provide a thorough knowledge and understanding of the accounting practices prevailing in the commercial market and will also be introduced to computerized accounting system using Tally or any other popular accounting software. Business Organization and Management (BC 1.2)
• The Course will provide basic knowledge about organization and management of business enterprises to the students.
• It will also familiarize the students with different forms of business enterprises, their features and limitations.
• It will also give a brief overview of the functional areas of Management-Marketing, Finance and Human Resource. Business Law (BC 1.3)
• The Course will provide basic knowledge about the various laws and legislations (like The Indian Contract Act, The Sale of Goods Act, The Negotiable Instruments Act, The Partnership Act, The Limited Liability Partnership Act) applicable to business activities. The students at the end of the course will get well versed with the basic provisions regarding legal framework governing the business world.
• The students will also study various Case laws affecting industry, trade and commerce so as to understand the practical applicability of the laws.

Business Statistics and Mathematics (BC 1.4)

• This course will familiarize the students with different statistical tools and techniques (different types of Averages, Concept of Variation, Correlation, Regression, Time Series and Index Numbers) and their applications in Business.
• The knowledge of the techniques of Correlation and Regression will help students to analyze the relationship between two or more variables and will also help in making business and economic estimates.
• They will learn about the application of Matrices, Simple Interest and Compound Interest in business decision making.

English Compulsory

Company Law (BC 2.1)

• The students will acquire basic knowledge of the provisions of the Companies Act 2013
• They will also develop critical thinking and by analysing actual case studies involving issues in company law Income Tax Law and Practice (BC 2.2)
• The students will get basic knowledge and they will get equipped with application of principles and provisions of Income-tax Act, 1961 and the relevant Rules.
• The students have an understanding of the basic concepts, definitions and terms related to income tax.
• They will be able to compute total taxable income under different heads of income as well as calculate the tax liability of different assessees.
• They will be able to describe the mechanism of carry forward and set-off of losses of an individual assessee Computer Applications in Business (BC 2.3)
• The students will acquire computer skills and knowledge to enhance their understanding of usefulness of information technology tools for business operations.
• The students will be equipped with knowledge of integrating computer technology with decision making and problem solving skills.
• They will also know about the applications of word processing, spreadsheets, presentations and database software that will help them prepare for industry standard certifications.

Corporate Accounting (BC 2.4)

• This course will enable the students to acquire basic knowledge of the corporate accounting system and learn about the techniques of preparing the financial statements.
• They will understand how to communicate financial information to parties outside the business organisation like equity investors, creditors, employees, suppliers and clients.

Cost Accounting (BC 2.5)

• The students will be familiarised with the basic concepts used in cost accounting, various methods involved in cost ascertainment and cost accounting and bookkeeping systems.
• They will learn about pricing, budgeting and performance analysis to determine overall success based on the predetermined objectives.

E-Commerce (BC 2.6)

• This course will equip the students with knowledge about the mechanism for conducting business transactions through electronic means.
• The students will get an understanding about internet trading, relationships including business to consumers, business to business, intra-organisational

Human Resource Management (BC 3.1 (a))

• The students will get acquainted with the techniques and principles of managing human resource of an organisation.
• They will be able to demonstrate competence in developing and problem solving in the area of HR Management and will be able to provide innovative solutions to problems in this field.
• They will also be able to evaluate HRM related social, cultural, ethical and environmental responsibilities and issues in a global context.

Principles of Marketing (BC 3.1 (b))

• The course will provide students with basic knowledge of concepts, principles, tools and techniques of marketing.
• They will have an understanding of the role of marketing within the society and within an economic system.
• They will be able to consider the various decision areas within marketing and the tools and methods used by marketing managers for making decisions.

Fundamentals of Financial Management (BC 3.1 (c))

• On the Completion of the course, the students will be able explain the concept, principles and practices of financial management.
• They will be able to apply Capital Budgeting Projects using Traditional and Modern Methods
• The course will improve students’ understanding of the time value of money concept and the role of a financial manager in the current competitive business scenario.
• They will also be able to analyze the main ways of raising capital and respective advantages and disadvantages in different circumstances.

Corporate Governance and Auditing (BC 3.2 (a))

• The course aims to provide knowledge of auditing principles, procedures and techniques in accordance with current legal requirements and professional standards and to give an overview of the principles of Corporate Governance and Corporate Social Responsibility.
• The students will be able to understand the concept of corporate governance in organisations and its essence for management.
• They will also be able to comprehend the governance framework for an organisation provided by different regulatory bodies in India and abroad.

Goods and Service Tax GST (BC 3.2 (b))

• The course aims to provide basic knowledge and equip students with application of principles and provisions of GST
• They will learn about the relevant provisions of Goods and Services Tax Act, 2017.

Entrepreneurship (BC 3.3)

• The course aims to orient the learner toward entrepreneurship as a career option and creative thinking and behaviour.
• The students will develop an ability of analysing various aspects of entrepreneurship, especially of taking over the risk, and the pattern of entrepreneurship development and will be able to contribute to their entrepreneurial and managerial potentials.

Economy of Himachal Pradesh Generic Elective (GE)-1 (ECONA 313)

• This course highlights the basic features, characteristics and developmental issues of the Himachal Pradesh economy Corporate Tax Planning (BC 3.5(a))
• The course aims to provide Basic knowledge of corporate tax planning and its impact on decision-making.
• The students will get acquainted with the basic principles underlying the provisions of direct and indirect tax laws and will develop a broad understanding of the tax laws and accepted tax practices.
• They will learn about the relevant provisions of Goods and Services Tax Act, 2017. Banking and Insurance (BC 3.5(b))
• The course will impart knowledge about the basic principles of the banking and insurance
• The students will be able to examine the banking scenario in India.
• They will be able to evaluate the insurance business environment in India.

Management Accounting (BC 3.5 (c))

• The course aims to impart the students, knowledge about the use of financial, cost and other data for the purpose of managerial planning, control and decision making.
• The students will develop the ability to collect, analyze and communicate quantitative and non-quantitative information to assist the management in making more effective planning and control decisions.
• The course will help the students to know more about accounting, analysis, reporting and control, strategy performance measurement etc.

Computerised Accounting System (BC 3.5(d))

• To introduce the students to basics of accounting and usage of Tally accounting software for maintaining accounts.
• The course aims to enhance the skills needed for computerized accounting system and to enable the students to develop simple accounting applications.
• The students will learn to create company, enter accounting voucher entries, reconcile bank statements, carry out accrual adjustments, print financial statements using latest Tally software.
• The students will inculcate and develop requisite skills for employability and professional development.

International Business (BC 3.6(a))

• The objective of the course is to familiarize the students with the concepts, importance and dynamics of international business and India’s involvement with global business.
• The students will be provided with theoretical foundations of international business to the extent these are relevant to the global business operations and developments.
• They will have an understanding regarding the key issues related to business operations in other countries.
• The students will be able to compare and contrast cultures and societies globally using socio-economic and cultural frameworks. Office Management and Secretarial Practice (BC 3.6(b))
• The purpose of this course is to familiarize the students with the activities in a modern office. Smooth functioning of any organization depends upon the way various activities are organized, facilities provided to the staff working in the office, the working environment and the tools and equipments used in office

Fundamentals of Investment (BC 3.6 (c))

• The purpose of this course is to familiarize the students with different investment alternatives, introduce them to the framework of their analysis and valuation and highlight the role of investor protection.
• The students will understand the characteristics of different financial assets such as money market instruments, bonds and stocks and how to buy and sell these assets in financial markets.
• They will learn about the techniques of security analysis- Fundamental Analysis, Technical Analysis and Efficient Market Hypothesis.
• They will understand the benefit of diversification of holding a portfolio of assets and the importance played by the market portfolio.
• They will be able to understand how financial markets work, analyze securities and make intelligent investment decisions based on available evidence and analysis and it will improve their ability to understand financial articles and news with a critical approach.

Consumer Protection (BC 3.6 (d))

• This paper seeks to familiarize the students with of their rights as a consumer, the social framework of consumer rights and legal framework of protecting consumer rights.
• It also provides an understanding of the procedure of redressing the complaints of consumers, and the role of different agencies in establishing product and service standards.
• The student should be able to comprehend the business firms’ interface with consumers and the consumer related regulatory and business environment

Personal Selling and Salesmanship (BC 3.7)

• The purpose of this course is to familiarize the students with the fundamentals of personal selling and the selling process.
• They will be able to understand selling as a career and what it takes to be a successful salesman.
• They will have information about sales forecast and sales forecasting techniques.
• They will also be able to explain how to calculate the efficiency of sales and, sales budget concepts and the stage of budget process.

Indian Economy Generic Elective (GE)-2 (ECONA 314)

• This course will enable students to have in-depth knowledge of various problems and issues faced by Indian Economy. The course will concentrate on both the achievements and the issues of the economy.
• At the end of the course the students will be able to differentiate between economic growth and economic development, identify the demographic features of the Indian Economy and they will be able to assess the causes and measures of poverty, inequalities and unemployment.