TNSET Commerce Syllabus
Unlock your academic future with the TNSET Commerce syllabus, featuring core areas like Accounting, Business Environment, Financial Management, Marketing, and International Business.
With Professor Academy’s expert-led online coaching, you’ll build strong conceptual clarity aligned with the latest TNSET framework.
TNSET Commerce Syllabus
Unit 1: Business Environment and International Business
Unit 2: Accounting and Auditing
Unit 3: Business Economics
Unit 4: Business Finance
Unit 5: Business Statistics and Research Methods
Unit 6: Business Management and Human Resource Management
Unit 7: Banking and Financial Institutions
Unit 8: Marketing Management
Unit 9: Legal Aspects of Business
Unit 10: Income-tax and Corporate Tax Planning
Unit 1: Business Environment and International Business
- Concepts and elements of business environment: Economic environment- Economic systems, Economic policies (Monetary and fiscal policies); Political environment
- Role of government in business; Legal environment- Consumer Protection Act, FEMA; Socio-cultural factors and their influence on business; Corporate Social Responsibility (CSR)
- Scope and importance of international business: Globalization and its drivers; Modes of entry into international business
- Theories of international trade: Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy
- Foreign direct investment (FDI) and Foreign portfolio investment (FPI): Types of FDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’s FDI policy
- Balance of payments (BOP): Importance and components of BOP
- Regional Economic Integration: Levels of Regional Economic Integration; Trade creation and diversion effects; Regional Trade Agreements: European Union (EU), ASEAN, SAARC, NAFTA
- International Economic institutions: IMF, World Bank, UNCTAD
- World Trade Organisation (WTO): Functions and objectives of WTO; Agriculture Agreement; GATS; TRIPS; TRIMS
Unit 2: Accounting and Auditing
- Basic accounting principles: concepts and postulates
- Partnership Accounts: Admission, Retirement, Death, Dissolution and Insolvency of partnership firms
- Corporate Accounting: Issue, forfeiture and reissue of shares; Liquidation of companies; Acquisition, merger, amalgamation and reconstruction of companies
- Holding company accounts
- Cost and Management Accounting: Marginal costing and Break-even analysis; Standard costing; Budgetary control; Process costing; Activity Based Costing (ABC); Costing for decision-making; Life cycle costing, Target costing, Kaizen costing and JIT
- Financial Statements Analysis: Ratio analysis; Funds flow Analysis; Cash flow analysis
- Human Resources Accounting: Inflation Accounting; Environmental Accounting
Indian Accounting Standards and IFRS
- Auditing: Independent financial audit; Vouching; Verification and valuation of assets and liabilities; Audit of financial statements and audit report; Cost audit
- Recent Trends in Auditing: Management audit; Energy audit; Environment audit; Systems audit; Safety audit
Unit 3: Business Economics
- Meaning and scope of business economics
- Objectives of business firms
Demand analysis:
Law of demand; Elasticity of demand and its measurement; Relationship between AR and MR
Consumer behaviour:
Utility analysis; Indifference curve analysis
Law of Variable Proportions:
Law of Returns to Scale
Theory of cost:
Short-run and long-run cost curves
Price determination under different market forms:
Perfect competition; Monopolistic competition; Oligopoly- Price leadership model; Monopoly; Price discrimination
Pricing strategies:
Price skimming; Price penetration; Peak load pricing
Unit 4: Business Finance
Scope and sources of finance:
Lease financing
Cost of capital and time value of money
Capital structure
Capital budgeting decisions:
Conventional and scientific techniques of capital budgeting analysis
Working capital management:
Dividend decision: Theories and policies
Risk and return analysis:
Asset securitization
International monetary system
Foreign exchange market:
Exchange rate risk and hedging techniques
International financial markets and instruments:
Euro currency; GDRs; ADRs
International arbitrage:
Multinational capital budgeting
Unit 5: Business Statistics and Research Methods
Measures of central tendency
Measures of dispersion
Measures of skewness
Correlation and regression of two variables
Probability:
Approaches to probability; Bayes’ theorem
Probability distributions:
Binomial, Poisson and normal distributions
Research:
Concept and types; Research designs
Data:
Collection and classification of data
Sampling and estimation:
Concepts; Methods of sampling – probability and, nonprobability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation
Hypothesis testing: z-test; t-test: ANOVA; Chi-square test; Mann-Whitney test (U test); Kruskal-Wallis test (H-test); Rank correlation test
v Report writing
Unit 6: Business Management and Human Resource Management
Principles and functions of management
Organization structure: Formal and informal organizations; Span of control
Responsibility and authority: Delegation of authority and decentralization
Motivation and leadership: Concept and theories
Corporate governance and business ethics
Human resource management: Concept, role and functions of HRM; Human resource planning; Recruitment and selection; Training and development; Succession planning
Compensation management: Job evaluation; Incentives and fringe benefits
Performance appraisal including 360-degree performance appraisal
Collective bargaining and workers’ participation in management
Personality: Perception; Attitudes; Emotions; Group dynamics; Power and politics; Conflict and negotiation; Stress management
Organizational Culture: Organizational development and organizational change
Unit 7: Banking and Financial Institutions
Overview of Indian financial system
Types of banks: Commercial banks; Regional Rural Banks (RRBs); Foreign banks; Cooperative banks
Reserve Bank of India: Functions; Role and monetary policy management
Banking sector reforms in India: Basel norms; Risk management; NPA management
Financial markets: Money market; Capital market; Government securities market
Financial Institutions: Development Finance Institutions (DFIs); Non-Banking Financial Companies (NBFCs); Mutual Funds; Pension Funds, Financial Regulators in India,
Financial sector reforms including financial inclusion
Digitisation of banking and other financial services: Internet banking; mobile banking; Digital payments systems
Insurance: Types of insurance- Life and Non-life insurance; Risk classification and management; Factors limiting the insurability of risk; Re-insurance; Regulatory framework of insurance- IRDA and its role
Unit 8: Marketing Management
Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategic marketing planning; Market segmentation, targeting and positioning
Product decisions: Concept; Product line; Product mix decisions; Product life cycle; New product development
Pricing decisions: Factors affecting price determination; Pricing policies and strategies
Promotion decisions: Role of promotion in marketing; Promotion methods Advertising; Personal selling; Publicity; Sales promotion tools and techniques; Promotion mix
Distribution decisions: Channels of distribution; Channel management
Consumer Behaviour: Consumer buying process; factors influencing consumer buying decisions
v Service marketing
Trends in marketing: Social marketing; Online marketing; Green marketing; Direct marketing; Rural marketing; CRM, Logistics management
Unit 9: Legal Aspects of Business
Indian Contract Act, 1872: Elements of a valid contract; Capacity of parties; Free consent; Discharge of a contract; Breach of contract and remedies against breach; Quasi contracts;
Special contracts: Contracts of indemnity and guarantee; contracts of bailment and pledge; Contracts of agency
Sale of Goods Act, 1930: Sale and agreement to sell; Doctrine of Caveat Emptor; Rights of unpaid seller and rights of buyer
Negotiable Instruments Act, 1881: Types of negotiable instruments; Negotiation and assignment; Dishonour and discharge of negotiable instruments
The Companies Act, 2013: Nature and kinds of companies; Company formation; Management, meetings and winding up of a joint stock company
Limited Liability Partnership: Structure and procedure of formation of LLP in India
The Competition Act, 2002: Objectives and main provisions
The Information Technology Act, 2000: Objectives and main provisions; Cybercrimes and penalties
The RTI Act, 2005: Objectives and main provisions
Intellectual Property Rights (IPRs): Patents, trademarks and copyrights; Emerging issues in intellectual property
Goods and Services Tax (GST): Objectives and main provisions; Benefits of GST; Implementation mechanism; Working of dual GST
Unit 10: Income-tax and Corporate Tax Planning
Income-tax: Basic concepts; Residential status and tax incidence; Exempted incomes; Agricultural income; Computation of taxable income under various heads; Deductions from Gross total income; Assessment of Individuals; Clubbing of incomes
International Taxation: Double taxation and its avoidance mechanism; Transfer pricing
Corporate Tax Planning: Concepts and significance of corporate tax planning; Tax avoidance versus tax evasion; Techniques of corporate tax planning; Tax considerations in specific business situations: Make or buy decisions; Own or lease an asset; Retain; Renewal or replacement of asset; Shut down or continue operations
Deduction and collection of tax at source: Advance payment of tax; E-filing of income-tax return
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