B.com Part 1 course outlines and Recommended Writers

DETAILS OF COURSES

BC-301 BUSINESS STATISTICS & MATHEMATICS

STATISTICS

1.         Definition,  Application  in  Business  and  Commerce.  Classification  and  Tabulation.
Statistical Enquiries, Diagrams and Graphs. Measures of Central Values. Measures of
Dispersion. Skewness, Simple Correlation and Regression, Lines of Regression. Method of least square and curve fitting with application to Business.

Index Numbers: Kinds of index numbers with special emphasis to consumer price index numbers.

2. Probability;  Set  theory.  Definition.   Laws  of  Probability.   Conditional  probability, Independent and Dependent events; Application in Business.

3. Random Variables: Introduction, Discrete and Continuous Random variables. Probability function. Expected values of Random variables.

4. Tests of significance: Introduction, Tests for means and proportions for single and two populations.

5.        Sampling, Chi-Square, Statistical Package for Social Sciences

MATHEMATICS

Solution of simultaneous equation. Solution of quadratic equation, sequence Series and Progression;   Arithmetic   &   Geometric   and   their   application   in   Business.   Metrics   and determinants: Addition, Subtraction and Multiplication of Matrices, Expansion of Determinants, Inverse of a matrix, Use of matrix in the solution of system of linear equations, Mathematics for Finance, simple and compound interest and annuities.

Note:  At least two questions from each part will have to be answered.

BOOKS RECOMMENDED (Latest Editions)

1.         Syed Hassan Mirza. Business Mathematic for Management and Finance.

2.         L.W. Stafford. Business Mathematics

3.         Richard Lacava. Business Statistics; when & Way; Irvan, & Publication, Illinois

4.         Lavin. Business Statistics. Prentice Hall Inc.

5. Nasir  Ali Syed,  and G.I1.  Gill. Statistics & Business Mathematics.  Fair  Publication, Lahore.

6.         Zulfqar Ahmad Bowra, Business Statistics and Mathematics.

7.         John Hegarty "Calculus for Management and Social Sciences", Allyn and Bacon. Inc.
Boston (USA).

8.         Frank S. Bundwick "Applied Mathematics for Business, Company, New York, USA

PAPER: BC. 302 COMPUTER APPLICATION IN BUSINESS

1. Introduction to Computer: History of computer, Parts of a computer. Types of computer: Analog and Digital Computers, Classification of computer, Hardware and Software. Components of a computer: Microprocessor, Memory: RAM, ROM, Input/Output devices
& Storage devices. Types of Software: Operation Software: DOS & Windows Operating
System, Application Software, Utility programmes, Programming languages: High-level, Low-level,  procedural  and  non-procedural  languages,  Object-oriented  and  Data  base query languages. Compiler, Interpreter and assembler. Common terminology's used in computer field.

2. Data processing: Difference between Data & Information, Data Processing, Life cycle of data processing, How data become information. The need of data processing in business organizations.

3.         Microsoft  Windows  2000:  Introduction,  Task  bar,  Display properties,  Control panel
(mouse, keyboard, regional settings) etc.

4.         Network: Types of Network: LAN, MAN, WAN. Communication Channels: Analog and
Digital Transmission.

5.         MS Office 2000 (Word, Excel and Power point).

6. Internet and E-mail: Concept of Internet, Services provided by Internet, Using a web browser, Address bar, Refresh and Stop, Use of search engine, Saving information from the  Internet,  E-mail  concept,  Creation  of  an  E-mail  account  of  Free  Web  Servers, Sending and receiving E-mails, Difference between ISP and free server mail account.

Recommended Books. (Latest Editions)

1.         Dr.  Liaqat  Ali  Chaudhry  and  Syed  Asghar  Ali  Bukhari.  Computer Application  in
Business, Syed Mobin Mahmud & Co., Lahore.

2.         Srivastava, C. Fundamentals of Information Technologies, Kalyani Publisher, New
Delhi.

3.         Norton, P. et al. Microsoft Office 2000. Techmedia, New Delhi-2.

4. Nuqoosh Software Learner. Short & Simple Guide: Find what you need fast, Nuqoosh, Lahore.

5.         Robert A. Szmaski. Introduction to Computer & Information System.

6.         Raymond Mcleod Jr.  Management Information System,  (International Edition).

7.         Richard D. Irwin. Computer Information System.

BC-303:
ECONOMICS

Introduction: Definition, Nature, Scope and Importance (Micro and Macro) Economics, Description, Analysis and Policy: Economic Methodology.

Consumption:  Definition  and  meaning,  Diminishing  Marginal Utility,  Consumer's Surplus, Law of Substitution; Indifference Curves. Consumer's Equilibrium with Indifference Curves. Price and Income effect.

Demand   &   Supply:   Definition  and   meaning,   Curves;  Elasticity  of  Demand   and   its measurement.

Income and Cross Elasticity. Supply, Changes in supply. Elasticity of Supply, Market

Equilibrium Analysis.

Production: Law of variable proportions  Factors of Production, Land, Labour and its mobility, Capital, its meaning, accumulation of capital, produc tivity of Capital, Entrepreneur, Functions of Entrepreneur.

Costs of Production: Fixed, Variable, Total, Average and Marginal; Costs over time period. Derivation of short and long run cost curves.

Market:  Perfect and Imperfect Competition. Demand and Supply Relationship. Market Price determination under Perfect Competition, Monopoly and Monopolistic, Competition, Oligopoly, Duopoly (Basic Concepts).

Factor Pricing: Rent, Wages, Interest and Profit.

National Income: Measurement of National Income: Concepts of National Income-GNP, National Income at market price, at factor Cost; Measurement of National Product in current price and in constant prices.

Public Finance: Meaning, Difference between Private and Public Finance, Kinds of Taxes and

Cannons of Taxation.

Economics in Islam: Economic role of State in Islam, Zakat and Usher.

Mathematical Economics: Differentiation of functions. Partial differentiation. Application of derivatives in Business/Commerce, Optimization. (Maximization and Minimization)

BOOKS RECOMMENDED (Latest Editions)

1.         Lioyd  G.Reynolds  Irwin.  Micro  Economics  -  Analysis  &  Policy.  Irwin    Homwood

Illinois,

2.         Nancy Smith Barrett. The Theory of Macro Economics Policy, Prentice Hall.

3.         Ed word Shapiro. Macro Economic Analysis, Harcourt Brace.

4.         Muhammad Irshad, Economics, Naveed Publications Lahore.

5.         Salman Rizavi, Economics, Syed Mobin & Company

6.         Paul A. Sameulson, Economics, McGraw Hill Book Company

7.         Saeed Nasir Textbook of Economics, Ilmi Kutab Khana, Lahore.

8.         Sh: Manzoor Ali. Economics, Ilmi Kutab Khana, Lahore.

BC-304:

FINANCIAL ACCOUNTING

1.         Field of accounting. Accounting terminology. Accounting cycle. Accounting Equation.

2.         Recording the business transactions: Journal, Ledger and Trial Balance.

3.         Subsidiary   Ledgers,   Banking   Transactions,   Bank   Reconciliation   and   Negotiable

Instruments, Bills of Exchange etc.

4.         Depreciation Methods and Accounting Treatment

5. The  periodical  adjustment  and  closing  process-Accruals,  pre-payments,  inventory, depreciation, discounts, uncollectables. Correction of errors. Capital and Revenue. Provisions and Reserve.

6.         The Worksheet and its Computerized Process .

7.         Final Accounts, Income Statement, Statement of changes in owners' equity, Retained

Earning Statement and Balance Sheet.

8.         Partnership Accounts - Formation. Admission, Retirement, Death and Dissolution.

9.         Accounting  for  Non-trading  concerns,  Receipts  and  Payments  Account.  Income  and

Expenditure Account.

10.       Incomplete records, single entry system.

BOOKS RECOMMENDED (Latest Editions)

1.         M. Arif & Suhail Afzal, Accounting, Azeem Academy Lahore.

2.         Ghani, M.A. Principles of Accounting, Salman Publishers, Lahore.

3.         Meigs and Meigs! Accounting. The Basis for Business Decisions McGraw-Hill Book

Company.

4.         Niswonger and Fess, Accounting Principles, South-Wastern.

5.         Ch.   Muhammad   Hanif  and   Azam  Shafiq,   Fundamentals   of  Accounting,   Etisam

Publishers, Lahore.

6.         Horngren, Harrison JR & Robinson, Accounting.

7.         William Pickles, Accounting, Pitman Publishing.

8.         Frank Wood & Alan Sangster, Business Accounting, Pitman Publishing.

9.         International Accounting Standards.

10.       Dempsey  Dupree  &  Matthew  Marder,  Principles  of  Accounting,  Addison-wesley

Publishing.

BC-305:

FUNCTIONAL ENGLISH

1.         Vocabulary: Antonyms, Synonyms, Homonyms, One word Substitute.

2.         Practical Grammar - Sentence Structure: types of sentences - based on function e.g.

Interrogative sentences, based on structure e.g. Compound sentences, Parts of a Sentence

-  subject,  predicate,  complements,  direct  indirect  Objective,  Rules  for  structuring

sentences, Phrases - types and functions, Clauses - types and functions.

3. Parts of Speech:  Major  word  classes,  Nouns  -  with  further  classifications  (regular, countable; uncountable; singular; plural), Pronouns - with further classifications, Verbs - emphasis on three forms of verbs, Adjectives - with further classification - three degrees of comparison, Adverbs - with further classifications. Minor word classes: Preposition, Conjunctions - with further classifications, Interjections, Auxiliary verbs, Determiners, Infinitive, Participle, Gerund, Genitives - types and functions.

4. Punctuation:  Tenses  -  Types,  Structure,  Function,  Conversion  into  negative  and interrogative.

5.         Active and Passive voice

6.         Direct and Indirect speech.

7.         Articles: Definite, Indefinite

8.         Composition (comprehension) Precis Writing, Essay Writing

RECOMMENDED BOOKS (Latest Editions)

1.         Atta-ur-Rehman, Functional English, Furrukh & Brothers, Lahore.

2.         "J. Chilver", English for Business; A Functional Approach, DP Publication Limited.

3.         "Wren & Martin", High School English Grammar & Composition: S. Chand & Company

Limited.

4.         "Michael Swan", Practical English Usage, Oxford University Press.

5.         A.J. Thomson & A.V. Martinet, A Practical English Grammar:

6.         "Robert E. Barry", Basic Business English, Prentice Hall Inc. Englewood Cliffs, New

Jerssy.

BC-:306: INTRODUCTION TO BUSINESS

Business: Meaning, Nature, Scope and Importance. Problems, Functions and Qualities of a

Businessman,

Sole Proprietorship: Features, Importance, Merits and Demerits.

Partnership: Features, Merits and Demerits, Co-ownership vs. Partnership; Classification of

Partners; Rights, Duties and Liabilities of Partners, Dissolution of Partnership.

Joint   Stock   Company:   Features,   Merits   and   Demerits,   Formation,   Memorandum   of

Association; Articles of Association, Prospectus, Capital, Management, Meetings, Winding up.

Cooperative Society: Features, Kinds, Merits and Demerits.

Combination:  Meaning,  Causes  and  Purposes,  Advantages  and  Disadvantages.  Types  of

Combination. Forms of Combination.

Trade: Home and Foreign Import and Export Wholesales, Retail, Channels of Distribution: Meaning, Function, Kinds, Selection of Channels, Advantages,

Marketing: Definition, Functions, Types, Scope, Advantage and Disadvantage, Selling, Sales

Promotion: Meaning , Objects and methods, Advertising.

Business Risk: Definition, Types, Methods of Handling Risk, Insurance: Meaning, Principles, Kinds (Life, Fire. Marine) Importance.

E-Commerce: Introduction and Significance.

Stock Exchange: Functions and working in Pakistan

BOOKS RECOMMENDED (Latest Editions)

1.         Nisar-ud-Din. Business Organization. Aziz Publishers, Lahore.

2.         Muhammad Irshad,Introduction to Business, Naveed Publications Lahore.

3.         Khalid Mehmood Cheema,Introduction to Business, Syed Mobin Mahmood & company.

Lahore.

4.         Theodore J. Sielaff and John W. Aberle. Introduction to Business. Belmont, California

Wordsworth Publishing Company, Inc.

5.         Asakari Zaidi S.A. Fundamentals of Business. Orient Publishers, Karachi.

6.         Glass & Baker. Introduction to Business, South Western Publishing Company.

7.         M.H. Ali Business Organization, PBC, Dhaka.

8.         Saeed Nasir M.A. Introduction to Business. IImi Kutab Khana, Lahore.

9.         Pickle  /  Abrahamson,  Introduction  to  Business,  Good  Year  Publishing  Company

California

MONEY

BC-307: MONEY, BANKING AND FINANCE

Introduction: Evolution, forms and Issuance, Functions, Importance and Role of Money.

VALUE OF MONEY:

Determination of the Value: Quantity Theory of Money, Cash Balance Theory of Money, Modern theory of Money,

Changes  in  Value:  Inflation,  Kinds,  Causes,  Remedies,  Deflation,  Reflation,  Disinflation, Stagflation.

Measurement  of  Changes  in  Value:  Index  Numbers,  Devaluation  of  Money.  Foreign

Exchange: Introduction, Determination of Rates of Exchange and factors involved.

Introduction to Money and Capital Markets:

Trade Cycle: Phases, Causes, Remedies, Theory of Trade Cycles.

International Monetary Systems: IMF, IBRD, Asian Development Bank, Islamic Development

Bank.

BANKING

Introduction: Evolution, Definition, Kinds of Banks. Scope of Banking.

Commercial  Bank:  Functions,  Importance,  Role  of  Banks,  Credit  Instruments  &  Credit

Creation, Scope of E. Banking.

Bank Accounts: Opening, Operations and Closure of Various Types of Accounts.

Banker-Customer Relationship: Different Types of Customers, Nature of Relationship, Rights and Dut ies of Both Parties.

Bank Advances: Running Finance, Cash Finance, Demand Finance, Term Finance, Discounting of Bills, Purchase of Bills. Principles, Precautions and Procedures for advancing.

Letter of Credits: Kinds, Operations, Advantages.

Central Bank: Functions, Monetary Policy, State Bank of Pakistan, Functions and Role in the

Economic Development of Pakistan.

Banking in Pakistan: Brief History, Nationalization, Privatization, ADBP, IDBP.

Islamic Banking: Evolution of Islamic Banking System in Pakistan.

FINANCE

Importance, Kinds & Sources of Interest Based and Interest Free Financing.

BOOKS RECOMMENDED: (Latest Editions)

1.         Israr H. Siddiqui, Practice and Law of Banking in Pakistan, Royal Book Co., Karachi.

2.         S.A.Menai, Banking and Finance in Pakistan, Oxford University Press, Karachi.

3.         Crowther, An Outline of Money, Thomas Nelson & Sons Ltd, London.

4.         M. Saeed Nasir, Money & Banking, Kitab Markaz Faisalabad.

5. Hassan Mobeen Alam, Money Banking and Financing, Syeed Mubin Mahmood & Co., Lahore.

6.         Muhammad Irshad,Money & Banking, Naveed Publication, Lahore.

7.         M.J.Henderson, Banking Operations, D P Publishing, Ltd.

8. Zia-ud-Din, Munawar Iqbal & M. Fahim, Money and Banking in Islam, International Centre  for  Research  in  Islamic  Economics,  King  Abdul  Aziz  University,  Jeddah  & Institute of Policy Studies, Islamabad.

9.         Miller & Pulsinelli, Modern Money & Banking, McGraw Hill,

10. M.Akram Khan, Islamic Banking in Pakistan, All Pakistan Islamic Education Congress, Lahore.

11.       Abdul Jabbar Khan, Five Decades of Banking in Pakistan, NBP, Karachi.

BC-308: ISLAMIC STUDIES

OR

Ethical Behaviour in lieu of Islamic Studies for

Non-Muslim Students

Ethical Behav iour:

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

b.         Ethics of Students c.         Ethics of Teachers d.         Business

8.         Islam's attitude towards Minorities.

BOOKS RECOMMENDED: (Latest Editions)

1.         William Lille. An Introduction to Ethics, London Methuen & Co.

2.         Titus, H.H. 'Ethics in Theory and Practice' N.Y. Thomas Y. Crowel.

3.         Hill, Thomas, 'Ethics in Theory and Practice' N.Y. Thomas Y. Crowel.

4.         Ameer Ali, S. 'The Ethics of Islam. Calcutta: Noor Library Publisher.

5.         Donaldson, D.M. 'Studies in Muslim Ethics' London .

6.         Sayed, S.M. A. (Tr.) 'Ta'aruf-e-Akhlaqiat. Karachi: BCC&T, Kar. Univ.