Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.

COURSE OBJECTIVE: To appraise the students about the application of basic accounting knowledge in certain special business activities and to impart the skill needed for preparation of final accounts of such special business activities.


CO 1: Students will get acquainted with the concept of special transaction like Consignment, its Features and   various terminologies used.

CO 2: They will be able to measure the different types of commission payable to consignee, and record the various aspects of consignment in the books of accounts.

    CO 3: Students will comprehend the meaning of incomplete records. They will be able to differentiate between Single Entry and Double Entry system.

CO 4: They will be adept with the procedure of conversion of incomplete records to double entry books using Net worth method/Conversion Method and ascertain profit of the firm.

CO 5: Students shall understand the meaning of Non Profit organizations and terms used in NPO’s.

CO 6: They will be able to prepare the statements required by a NPO to ascertain the Surplus or Deficit made by the organization.

     CO 7: Students will get acquainted with the meaning of Joint venture, its features, and will develop the skill of maintaining books of accounts using different methods of keeping records for JV Accounts.

     CO 8: Students will understand the meaning of Bills of Exchange, its features and Accounting treatment of bills in the books of parties concerned. Differentiate between Trade Bills and Accommodation Bills


CAREER OPPORTUNITY: After the completion of the B.Com course, a student can pursue a career in Banking, Insurance, Investments, Equity Research Analyst, Financial Accounting & Auditing, Auditing & Cost    Accounting, Company Secretarial Practice, Foreign Trade Practice &Procedures, Financial Consultancy, etc. In addition, the student can pursue higher studies.       

SCHEME OF EXAMINATION: All evaluations are conducted as per the norms of Osmania University. These are two components of evaluations: Internal – 20 Marks, External – 80 Marks
The pattern of Internal evaluation is 2 internal examinations of 15 marks each which will be averaged and 1 assignment of 5 marks, totaling 20 marks. Each Internal Assessment question paper will consist of 10 MCQ’s of ½ mark each, 10 FIB’s of ½ each and 5 short questions of 1 mark each. Pattern of semester end Final examination conducted by university – Section A – consists of 8 short answer questions (at least one from each unit), out of which 5 questions need to be answered. Each question carries 4 marks. Section B consists of 5 (one from each unit) Essay questions with internal choice.


To understand:

1) Basics of Contract Act, 1872, 

2) Sale of Goods Act, 1930 and Consumer Protection Act, 1986

3) Intellectual Property Rights

4) Legal Provisions applicable for Management of Companies and Meetings

5) Modes of winding up of a Company with consequences of winding up and Insolvency & Bankruptcy Code Act, 2016



CO1:To compose students understand about the meaning and significance of Law& Business Lawof India

CO2:To prepare every commerce students learn about different types of Acts applicable to business

CO3: To make students aware about the Sale, Agreement to Sell, Goods, Types of Goods and the essence of conditions and warranties in contract of sale

CO4:To analyze the vital role on redressal of consumer grievances) through multi-layerof Consumer Forums at various levels (National, State and District ) underConsumer Protection Act

CO5:To acquaint students with the norms and procedure to register for the various Intellectual Property Rights like Trade Marks, Patents, Copy Rights, Trade Secrets and Geographical Indications

CO6: To learn about IPR’s infringements cause serious punishments under various IPR Acts

CO7:To understand the various norms followed in Management of Companies like Appointment/Removal/Duties of  Directors/Board of Directors, conducting valid Meetings and appropriate Resolutions under Company Act

CO8:To discern the various modes of winding up of company among students and interpret the consequences of winding up of the company on various stakeholders

CO9: To sense a one stop solution of Insolvency and Bankruptcy Code Act, 2016

CO10:To develop a sense of moral judgements among students through assimilation of various above Acts


Department of Commerce

Students’ Code of Conduct

Rule 1

Mobile phones must be kept away from visibility and on Complete Silentmode during lecture sessions, unless otherwise stated by the faculty. Student(s) found violating the rule will be suspended from the on-going session instantly and attendance will be denied.

Rule 2

Students are not allowed in the classroom withoutcalculatorsfor all accounts, income tax, and other numeric subjects (like Business Statistics). Non – adherence or sharingof calculators will lead to suspension fromthe on-going session and denial of attendance for the subject.

Rule 3

Students must carry the prescribed textbook/study material(for accounts, income tax, other numeric subjects like Business Statistics) in the class. Sharing of Textbooks/study material is not allowed and non adherence of the rule will lead to suspension from the on-going session and denial of attendance.

Rule 4

Classroom Discipline:

Ø  Noise in Classroom in the presence of teachers :

Such behaviour will be strictly dealt with.

Ø  Sleeping in lecture sessions :

Strictly not allowed. Will lead to suspension from the on-going session.

Ø  Late entry in classrooms is not permitted.

Grace time:

First hour – up to 8:35 am

Subsequent lecturesup to 5 minutes of commencement of class

Ø  Eating during class sessions is not allowed. Will lead to suspension from the on-going class.

Ø  Offensive language and misconduct in classrooms will not be tolerated in any case. Students will be put through the Discipline Committee. Any such incidents against faculty especially will lead to immediate suspension from classes until meeting with parents.

Fundamentals of Advertising aims at introducing & providing the students with the basic concepts of advertising , its significance in business & society.As well as prepare the students in specialized areas of advertising.

Course Outcomes:


The student will be able to understand the basic intricacies of Advertising & Direct Marketing identify the various components of DAGMAR and understand their importance in the designing of an effective marketing strategy for the Organization.


The students will be able to analyze the growing need & importance of Advertising & Sales promotion, the management of relationships and communication to establish goodwill and mutual understanding between an organization and its public. 


The student will be able to understand the strategic planning involved in the advertising department as well as the communication response pyramids.


The student will be able to understand the Information utility, Product utility, introduction of new product, encourage innovation  & provide financial support to media.


The student will be able to identify the social, ethical and legal   responsibilities of advertising& social impact of advertising on society.



The student will be able to understand the criticisms & controversial effects of Advertising.