Bharathidasan University, Department of Commerce and ... · Commerce related disciplines (with at least one Accountancy Course in eligibility degree is essential) with a minimum aggregate

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School of Business Studies

Department of Commerce and Financial Studies

Master of Business Administration-MBA (Financial Management)

Choice Based Credit System

Bharathidasan University (Accredited with ‘A+’ Grade by NAAC)

Tiruchirappalli – 620 024

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Master of Business Administration –MBA (Financial Management)-CBCS

Regulations & Syllabi - 2018-2019 onwards

The Department of Commerce and Financial Studies offers MBA (Financial Management)

since 2007 - 2008. The main objective of the Department is to promote teaching, research and

training in the frontier fields of Commerce and Management especially in the area of Finance.

The students of MBA (Financial Management) programme can gain practical knowledge

through projects, educational tours, organizing events and other innovative teaching methods.

1) Course Features

Program : M.B.A (Financial Management)

Pattern : Semester

Mode : Full-time Regular On-Campus Programme

Duration : Two Academic Years consisting of Four Semesters

Medium of Instruction : English

Eligibility : B.Com/ B.B.A/ B.A Corporate Secretaryship/ B.A. Bank Management/

Commerce related disciplines (with at least one Accountancy Course in eligibility degree is

essential) with a minimum aggregate of at least 50% of marks (IInd class) under Part-III

subjects. Admission is based on Entrance Test conducted by Department of Commerce and

Financial Studies and academic score in eligible UG programmes (50% weightage for UG part

– III marks and 50% weightage for Entrance Test Score). The exemption from the Entrance

Test will be given for the Candidates who apply with a valid score of TANCET / GMAT /

MAT / CAT / GATE of respective years. The admission is based on the Reservation policy of

the Government of Tamil Nadu as applicable during the respective years.

2) Fee Structure : As prescribed by the University from time to time.

3) Credits : The total number of credits for this programme are 124.

4) Attendance for students to write exams

Details Percentage of

Attendance

Eligible to write exam without Condonation fee 75 and above

Eligible to write exam with Condonation fee and Medical Certificate 65 to 74

Re-Doing the Semester (s) after completion of the programme Below 65

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5) Evaluation

Evaluation of each course (other than Summer Institutional Training Project, Main

Project Work and Extra Disciplinary Courses) shall comprise of Continuous Internal

Assessment (CIA) for 25 marks and End Semester Examination (ESE) for 75 marks. The Q.P

setting and evaluation of ESE will be done by External Examiners, appointed for the purpose

and while CIA components will be evaluated by respective course teachers.

5. a) The Components of CIA Marks are as follows

Test (Two) 10 (Third test for genuine absentees)

Seminar 5

Assignment 5

Case analysis/ Quiz/ Group discussion 5

Total Marks 25

5. b) Question Paper* Pattern for the End Semester Examination (ESE)

Questions Marks Total Marks

Part A

10 2 20 marks Ten Questions (no choice)

(Two Questions from each unit)

Part B

5 5 25 marks Five Questions (either or type)

(One Question from each unit)

Part C

3 10 30 marks Three Questions (either or type)

(Not exceeding one Question from each unit)

Total Marks 75 marks

*QP setters may be asked to avoid questions using “What” type and set questions giving

equal weightage to all units of the course. The weightage for theory and problem may be

given as prescribed in the course syllabus.

6) Passing Minimum

A student will be declared to have passed in each course other than Project

Works and Extra Disciplinary Courses if he/she secures not less than 40 % marks in University

Exams and 40 % marks in CIA and not less than 50 % marks in the aggregate taking CIA &

End Semester Exams (ESE) marks together. The Failed candidates in the Internal Assessment

are permitted to improve their Internal Assessment marks in the subsequent semesters (two

chances will be given) by assessing the CIA components once again. The regulations of our

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University relating to Instant Examination, Revaluation and Retotalling will be applicable as

usual.

7) Guidelines for Summer Institutional Training Project and Final Project

A project is a necessary condition for the award of MBA (Financial Management)

degree. The project must be individual work and should be carried on in any finance firms.

There will be an Internal Guide from the respective firm. The project report shall be written and

submitted in the form of case analysis. The student should select a real life transaction, event or

situation of a finance firm or manager. It should develop practical solutions to the financial

problems of business firms. Each student shall be required to carry out two projects- (i) summer

institutional training project and (ii) final semester project.

7. a) Summer Institutional Training Project (FMPW 1)

Each student shall be required to take up institutional training cum project in any

business organization for a period of not less than four weeks after completing the second

semester (during vacation) and shall submit a report. While doing summer training project, the

students are expected to interact with officials in the organization. The Training Certificate,

Student Evaluation Form and Attendance Certificate with the Day Wise work carried out

(Training Schedule) with the signature of the Official of the sponsored organization should be

obtained and enclosed in the project. The project on different topics should be done under the

guidance of an official of the chosen finance firms. The students will be evaluated on the basis

of the report presentation and the feedback provided by the officials in the respective

institutions. The evaluation of FMPW1 will be jointly done by External Examiner appointed for

the purpose and Head / Faculty Member of the Department of Commerce and Financial Studies.

7. b) Final Semester Project (FMPW2)

In addition to the summer institutional project, each student shall be required to take up

a project during the final semester and submit a report. The authenticity of the project work

should be certified by a guide/ Head of the Department. The Final project report shall be jointly

evaluated by the Head /Supervisor and External Examiner appointed for this purpose. At the

end, Viva Voce examination shall be conducted. The format of the project report and date of

submission will be decided by the Department. The weightage for viva voce is 25 marks and 75

marks for the Report.

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7. c) Suggested Topics

The students are encouraged to take up a project on “contemporary concerns” under the

guidance of a faculty member. The project should fit within one of the following themes:

Financing Policy - The analysis of specific decisions to issue equity, debt, convertibles,

capital structure policy, distress financing, venture capital, project financing, real estate

financing etc.

Investment Policy - The analysis of a major investment decision (involving real options), the

review of a company’s capital budgeting system/process, the analysis of cross-border

investment, etc.

Income Distribution Policy - The analysis of a company’s decision to alter its dividend

policy or to distribute cash other than regular dividends, the analysis of the distribution policy

of newly started company, etc.

Corporate Restructuring Activity - The analysis of a Joint Venture, Merger or Acquisition,

divestiture, spin-off, split-up or carve-out, MBO or LBO, leveraged recap, equity-for-debt

swap, IPO, roll-up, privatization, distress restructuring, etc.

Risk Management and Hedging Policy- This might be in the context of a major corporate or

multinational, a securities firm, a bank, hedge fund, a pension plan, etc.

Portfolio and Investment Policy - The analysis of the investment policy, investment

strategies, and/or performance of a fund manager, mutual fund, endowment fund, pension plan,

hedge fund, etc.

Trading, Market Creation and Exchanges - The analysis of an organization’s trading

strategies, performance evaluation of a prop-trading desk; the analysis of market- creating (or

exchange) systems, including hedging and risk control.

Financial Engineering - The design/analysis of a new financial/structured product, the

use/misuse of financial products by firms, complex securitizations, credit derivatives, etc.

Financial Institutions and Markets - Strategy, policy, and response to regulatory changes

and other changes in financial markets (e.g. currency convergence).

Corporate Governance - The design of executive compensation schemes, communicating

with shareholders, CEO succession; the effectiveness/impact of governance, etc.

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Foreign Investment, Foreign Exchange, Capital Market and Trade – The analysis foreign

trade, currency futures, currency options, currency swaps, foreign exchange market efficiency,

theories of exchange rate can be made.

Contemporary Topics - The students are free to propose other themes that are contemporary

in nature and topics that fit within the broad area of finance in tune with emerging trends in

government policy and promotions.

8) Case Studies

Each student should go to the identified concern, business unit and develop a case and

submit the finance case to the course teacher. They can do the case analysis in the aspects

namely Financial Statement Analysis using tools for analyzing Financial Statements, “Z” –

Score analysis, Balance Score Card, Application of Accounting Standards, Working Capital

Analysis such as Inventory, Cash, Financing policy, ABC, EOQ, Cost Analysis – CVP analysis,

Break Even Analysis, Capital Structure Analysis, Corporate Evaluation – EVA, Share Price

Analysis, Stock Market Practices analysis such as Trading pattern, Clearing and Settlement

Process, Portfolio Management, Fundamental Analysis, Project Management & Analysis, Tax

Management, Customer Satisfaction, Quality Control and other Areas of Finance. They should

submit their detailed case reports (typed in MS Word Font Times New Roman Size 12 Line

Spacing 1.5) covering the Company’s Origin, Structure, Control System and Growth, analysis

results along with tables, charts, figures etc., to the Department and to the institution whose case

they are analyzing. The students will be evaluated, based on the report presentation and the

feedback provided by the officials in the respective institutions.

9) Career Oriented Additional Courses

The students will be encouraged to undergo Career Oriented Additional Courses such as

Value Added Course, Self-Study Course, Online Courses/MOOCs and Financial Professional

Certification Course. It is the option of the students to choose these courses. These courses are

over and above the courses of MBA and additional credits earned by students against these

career oriented courses are not part of MBA programmes.

(a) Value Added Courses (VACs)

The MBA students are encouraged to study the value added courses with 2 credits in

each semester. More details are given in the Regulations and Syllabi of Certification Courses.

Only those students who are qualified for all the four courses relating to the Certification

Course can alone get the Certification. If a student doesn’t qualify all the four courses relating

to the Certification Course, he/she can get only Mark Statement for such qualified Value Added

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Course. The students can also opt for the Value Added Courses offered by other departments of

the University.

(b) Self Study Courses

Those willing MBA students are encouraged to study one-self study course in each

semester. There is no regular theory & practical classes for those courses and the students need

to study on their own and write exams for those courses in the respective semesters.

The Evaluation of each course shall comprise of Continuous Internal Assessments (CIA)

for 25 marks and End Semester Exams (ESE) for 75 marks. The pattern of CIA and ESE of

other courses of MBA (FM) is applicable to those opted self study course.

(c) Online Courses/ MOOCs

The students are encouraged to register for the MOOCs prescribed in the curriculum.

However the students can also select any other MOOCs after obtaining the approval of the

University/ Department. The students should submit the copy of their MOOCs Certification

received from the respective institutions to the Department. The credits earned by the students

for MOOCs will be incorporated in the Mark Statements and the Consolidated Mark

Statements.

(d) Financial Professional Certification Courses

The students are encouraged to undergo the online certification courses offered by

reputed institutions like National Stock Exchange, Bombay Stock Exchange, Insurance Institute

of India, and National Institute of Securities Market. These certification courses would enable

them to qualify themselves to work in the respective finance domain.

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10) Industrial Visit

The department will arrange Industrial Visit every year to the industries to impart the

knowledge on the functioning of the industry. The students should attend those industrial visits

arranged by the department as the part of the course. The students are expected to make a report

on the industrial visit within a week from the date of the industrial visit.

11) Special Lecture

The department will organize Special Lectures by the resources persons from various

reputed educational institutions, and from the industries. The students should attend those

Special Lectures organised by the department as the part of the course. The students are

expected to make a report on the special lecture within two days of the lecture.

12) Completion of Courses

In line with the UGC Guidelines, the candidates (those who are unable to complete the MBA

(Financial Management) within stipulated period of two years) will be allowed to complete

within the next successive two years from the completion of period of study. In exceptional

circumstances, a further extension of one year may be granted as a private candidate and they

are not eligible for ranking.

13) Other Regulations

a) The Departmental Committee will be empowered to change/modify the regulations

relating to MBA (Financial Management) programme as and when required through

the Board of Studies, Faculty and Academic Committee.

b) The Departmental Committee may be empowered to implement the orders of the

University

c) The Common regulations of the University shall also be applicable to this Programme.

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DEPARTMENT OF COMMERCE AND FINANCIAL STUDIES,

M.B.A (Financial Management) Under CBCS

Sl

.N

o

Course Code Title of the Course

Instruction

Hours per week No of

Credits

Marks

CIA

ESE Total

Marks Class

Hours

Practical

Hours

01

02

03

04

05

FMFC1

FMCC1

FMCC2

FMCC3

FMCC4

FMEC1

FMEC2

FIRST SEMESTER

Foundation Course

Financial Management

Core Courses

Accounting for Decision Making

Contemporary Business Communication

5

5

5

3

3

3

6

6

6

25

25

25

75

75

75

100

100

100

Optional Core Courses (Any 1 of the 2)

Strategic Management

Contemporary Commercial Banking

5

3

6

25

75

100

Elective Courses (Any 1 of the 2)

Applied Operations Research

Financial Econometrics

5

3

6

25

75

100

Total 25 15 30 125 375 500


Class

Hours

(Per

semes

ter)

Practical

Hours

(Per

semester)

No of

Credits

CIA

ESE Total

Marks

FMSC1

Self Study Course

Management Concepts and Behaviour and/or

MOOCs

-- -- 6 25 75 100

CCMF1

Value Added Course (University Wide)

Mutual Fund and Financial Planning 40 40 2 25 75 100

Syllabi - 2018-2019 onwards

10

Sl.

No


Instruction

Hours per week

No of

Credits

Marks

Class

Hours

Practical

Hours

CIA

ESE Total

Marks

06

07

08

09

FMFC2

FMCC5

EDC1

FMPW1

SECOND SEMESTER

Foundation Course

Advanced Financial Management

Core Courses

Fixed Income Securities Markets

Extra Disciplinary Courses (EDC)

Summer Institutional Training Project

5

5

--

--

3

3

--

--

6

6

2

6

25

25

---

---

75

75

---

100

100

100

--

100

10

FMCC6

FMCC7


Working Capital Management

Insurance Products and Management

5

3

6

25

75

100

11

FMEC3

FMEC4


Managerial Economics

IT Lab and Packages for Business *

5 3 6 25 75 100

Total 20 12 32 100 400 500

Course

Code Title of the Course

Class

Hours

(Per

semes

ter)

Practical

Hours

(Per

semester)

No of

Credits

CIA

ESE Total

Marks

FMSC2

Self Study Course

Business Environment and/or MOOCs

-- --

6 25 75 100

CCMF2


Mutual Funds: A Regulatory Framework

40 40 2 25 75 100

11

Sl.

No

Course


Instruction


Credits

Marks

CIA ESE Total

Marks Class

Hours

Practical

Hours

12

13

14

15

FMFC3

FMCC8

FMCC9

EDC2

THIRD SEMESTER

Foundation Course

Security Analysis and Portfolio Management

Core Courses

Business Research Methods

Financial Modelling

Extra Disciplinary Course (EDC)

5

5

5

--

3

3

3

--

6

6

6

2

25

25

25

--

75

75

75

--

100

100

100

---

16

FMCC10

FMCC11


Financial Services and Markets

Management Information System

5

3

6

25

75

100

17

FMEC5

FMEC6


Corporate Tax Management

Foreign Exchange Management

5

3

6

25

75

100

Total 25 15 32 125 375 500

Course


Class

Hours

(Per

semest

er)

Practical

Hours

(Per

semester)

No of

Credits

CIA

ESE Total

Marks

FMSC3

Self Study Course

Entrepreneurship Development and/or MOOCs

-- --

6

25

75

100

CCMF3


Mutual Funds: Risk and Performance Analysis

40 40

2

25

75

100

12

Sl.

No

Course


Instruction


Credits

Marks

Class

Hours

Practical

Hours CIA ESE Total

18

19

20

FMFC4

FMCC12

FMPW2

FOURTH SEMESTER

Foundation Course

Project Appraisal and Evaluation

Core Courses

Derivatives and Risk Management

Project Work

5

5

--

3

3

--

6

6

6

25

25

--

75

75

100

100

100

100

21

FMCC13

FMCC14


Behavioral Finance

Mergers, Acquisitions and Corporate

Restructuring

5

3

6

25

75

100

22

FMEC7

FMEC8


International Financial Management

Stock Market Microstructure

5

3

6

25

75

100

Total 20 12 30 100 400 500

Grand Total 90 54 124 450 1550 2000

Course


Class

Hours

(Per

semest

er)

Practical

Hours

(Per

semester)

No of

Credits

CIA

ESE Total

Marks

FMSC4

Self Study Course Corporate Ethics, Governance and Sustainability and/or MOOCs

-- --

6

25

75

100

CCMF4


Marketing of Mutual Funds

40 40

2

25

75

100

CIA = Continuous Internal Assessment ESE = End Semester Examination

FMFC – Financial Management Foundation Course

EDC – Extra Disciplinary Course by other departments

FMCC – Financial Management Core Course FMPW – Financial Management Project Work

FMEC –Financial Management Elective Course FMSC – Financial Management Self Study

CCMF – Certification Course in Mutual Funds

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List of MOOCs

S.

No

Name of the Course Web Link

1 Fundamentals of Banking and Insurance https://swayam.gov.in/courses/4992-fundamentals-of-banking-and-insurance

2 Working Capital Management https://swayam.gov.in/courses/4811-july-2018-working-

capital-management

3 Data Analysis and Decision Making - I

https://swayam.gov.in/courses/4812-july-2018-data-analysis-and-decision-making-i

4 Soft Skills https://swayam.gov.in/courses/4775-july-2018-soft-

skills

5 English Language for Competitive Exams

https://swayam.gov.in/courses/4777-july-2018-english-language-for-competitive-exams

6 Regression Analysis https://swayam.gov.in/courses/4856-july-2018-

regression-analysis

7 Project Management for Managers https://swayam.gov.in/courses/4805-july-2018-project-management-for-managers

8 Management of Inventory Systems https://swayam.gov.in/courses/4819-july-2018-

management-of-inventory-systems

9 Research Methodology https://swayam.gov.in/courses/5143-research-methodology

10 Statistical Inference https://swayam.gov.in/courses/4849-july-2018-

statistical-inference

11 Project Planning and Control https://swayam.gov.in/courses/4720-july-2018-project-planning-and-control

12 Introduction to Research https://swayam.gov.in/courses/4890-july-2018-

introduction-to-research

13 Introduction to Operations Research https://swayam.gov.in/courses/4814-july-2018-introduction-to-operations-research

14 Innovation, Business Models and

Entrepreneurship

https://swayam.gov.in/courses/4816-july-2018-

innovation-business-models-and-entrepreneurship

15 Corporate Social Responsibility

https://swayam.gov.in/courses/4804-july-2018-corporate-social-responsibility

16 Econometric Analysis https://swayam.gov.in/courses/5201-econometrics-

analysis

17 Financial Accounting https://swayam.gov.in/courses/5170-financial-accounting

18 Computer Fundamentals https://swayam.gov.in/courses/5171-computer-

fundamentals

19 Mathematical Modelling: Analysis and

Applications

https://swayam.gov.in/courses/4850-july-2018-

mathematical-modelling-analysis-and-applications

20 Developing Soft Skills and Personality

https://swayam.gov.in/courses/4773-july-2018-developing-soft-skills-and-personality

21 E-Governance https://swayam.gov.in/courses/5053-e-governance

22 Financial and Material Resources

Management

https://swayam.gov.in/courses/5021-financial-and-

material-resources-management

23 Business Planning and Project Management https://swayam.gov.in/courses/4984-business-planning-

and-project-management

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Course Details of MBA (Financial Management)

Sl.No Nature of the Course No. of Courses No. of Credits

1 Foundation Course 4 24

2 Core Course 6 36

3 Core Course with Electives 4 out of 8 24

4 Elective Course 4 out of 8 24

5 Extra Disciplinary Course 2 4

6 Summer Institutional Training Project 1 6

7 Project Work 1 6

Total 22 124

Self Study Course (Additional)

Sl.No Nature of the Course Number of Courses Number of Credits

1 Self Study Course 4 24

Course Details of Certification on Mutual Funds (Additional)

Sl.No Nature of the Course Number of Courses Number of Credits

1 Value Added Course 4 8

PROGRAMME OUTCOME

PG Granduands buoying up with Professional Competences have right mix of Knowledge-

portfolio, Skill-set, Mind-set and Pragmatism in their chosen fields that

employment/entrepreneurship demands.

PG Granduands with Characteristic sense of being Seasoned and Spiritedness exhibit

commitment to fruitful society contribution and nation-building ethos.

PG Graduands exuberant with Leadership Latitude are mentored such that they are ready to

assume stewardship roles in the field of Commerce/ Banking/ Management/

Entrepreneurship/Economy with commitment to excellence and endurance.

PG Graduants are directed in understanding of ethical principles and responsibilities, moral and social

values in day-to-day life thereby attaining Cultural and Civilized personality.

PG Graduants of are able to Collate information from different kinds of sources and gain a coherent

understanding of the subject.

PROGRAMME SPECIFIC OUTCOMES

At the completion of the Programme, the students would be able to

Demonstrate a general knowledge framework and understanding of key financial functions

Get In-depth Knowledge and understanding of financial management of domestic and

multinational corporate

Identify, appraise and appreciate successful implementation of business projects

Effective argumentation in oral and written presentation

Analyse the trend of the securities market using sophisticated techniques

Offer comprehensive solutions to business problems by evaluating information using

reasoning and analysis

Consider the multinational perspective in arriving solutions in the present globalised context

Integrate the social and ethical dimensions in arriving the final solution

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FMFC1- FINANCIAL MANAGEMENT

Course Aim: To develop critical thinking and problem solving competencies, at both the

individual and group levels, of financial statement analysis, financial planning, principles of

valuation, capital structuring and to apply financial theory to analyze real life situations in

an uncertain environment.

Course Outcomes: At the end of the course, students should be able to:

1. Understand the concepts and functioning of finance, important elements of finance

concepts for running a business.

2. Get knowledge on the importance of Ethical Finance

3. Analyse financial statements and various ratios for overall understanding of financial

performance of a company and apply the various tools of financial statement analysis

4. Calculate the cost of debt, cost of equity and the Cost of Capital, and understand the

importance of Company’s capital structure in Corporate Finance, and

5. Act as the financial consultant for manufacturing or services oriented organizations.

6. Work in an independent and organised manner, set goals, and plan and implement

solutions to diverse problems

Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential

Learning, Participative Learning, Case Study Method and Problem Based Learning

Unit I: Introduction to Financial Management: Objectives, Functions, Scope, Evolution,

Interface of Financial Management with Other Areas, Environment of Corporate Finance,

Need for Ethical Finance.

Sources of Long-term Finance: Equity Capital, Retained Earnings, Preference Capital,

Term loans, Debentures, Pattern of Corporate Financing in India.

Unit II: Financial Statement Analysis: Introduction, Meaning and Concept of Financial

Analysis, Types and Devices of Financial Analysis, Understanding Financial Statements:

Balance Sheet, Income Statement, Common Size Analysis, Trend Analysis, Ratio Analysis,

Dupont Analysis, Industry Average, Comparison with Competitors.

Unit III: Fund Flow and Cash Flow Analysis: Analysis of Fund flow Statement, Cash

flow statement and Ratio Analysis. Financial Ratios as perceived by Commercial Banks,

Corporate Controllers, Forecasting Financial Failure; Ratio Analysis in Special Industries:

Banks, Utilities - Transportation, Insurance, Real Estate Business.

Unit IV: Cost of Capital: Cost of Debt and Preference; Cost of Equity and Retained

Earnings; Weighted Average Cost of Capital; Divisional and Project Cost of Capital; Cost of

Capital in Practice.

Unit V: Capital Structure: Introduction, Factors Affecting Capital Structure, Capital

Structure Theories – Net Income Approach, Net Operating Income Approach, MM

Approaches I & II, Traditional Approach, Optimal Capital Structure.

Unit VI: Current Contours (for Continuous Internal Assessment Only): Contemporary

Developments Related to the Course during the Semester Concerned.

Weightage: Problems-50% and Theory – 50%

16

Reference:

Books:

1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition,

Profile Books Limited, London.

2. Raymond Brooks, 2015, Financial Management: Core Concepts, 3rd Edition, , Pearson

Education., India.

3. Ross, Westerfield, and Jordan, 2011, Fundamentals of Corporate Finance, 10th Ed., Tata

McGraw Hill, New Delhi.

4. Prasanna Chandra, 2011, Financial Management: Theory and Practice, 8th Ed., Tata


5. Brigham, Gapenski, Ehrhardt, 1999, Financial Management: Theory and Practice, 9th

Ed., Dryden Press, New York.

6. Ravi M. Kishore, 2009, FinancialManagement, 7th Ed., Taxmann’s Publication, New

Delhi

7. Pandey, I.M.,2006, Financial Management, 9th Ed., Vikas Publishing House,New Delhi

8. Charles H. Gibson, 2001, Financial Reporting and Analysis, 8th Ed., South Western

College Publishing. New York

9. Wild, Bernstein, and Subramanyam, 2001, Financial Statement Analysis, 7th Ed.,

McGraw Hill International, New Delhi.

10. John. R. Boatright, 2014, Ethics in Finance, John Wiley & Sons, UK.

Online Reference:

1. MOOC Material: Accounting and Finance (edX), Created by: Indian, Delivered by:EdX,

Taught by:MS Narasimhan.

2. Swayam Course Material: Financial Management, Created by Vanitha Tripathi, Delhi

University.

3. Study.com Study Material: Principles of Finance.

4. NPTEL Course Material: Course Name: Construction Economics & Finance, Module:

Financial Management, Course Co-ordination: IIT Guwahati.

https://www.mooc-list.com/initiative/edx

https://www.mooc-list.com/instructor/ms-narasimhan

17

FMCC1- ACCOUNTING FOR DECISION MAKING

Course Aim: This programme is designed to provide high quality education in theoretical and

practical knowledge and skills in various aspects of accounting for those who wish to pursue or

further advance their careers in business.

Course Outcomes: On completion of the course, the students will be able to

1. Analyse and interpret management information and to make decisions based on the

information available

2. Evaluate financial data utilizing various financial statement analysis

3. Understand and apply the theoretical aspects of accounting methods used for collecting,

recording and reporting financial information

4. Describe the underlying theories of modern accounting and describe the conceptual

framework of accounting

5. Understand the types of costing and budgeting, and

6. Understand about the International accounting standards and Indian accounting

standards

Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential Learning,

Participative Learning, Case Study Method and Problem Based Learning

Unit I: Introduction to Financial Accounting: Accounting principles-concepts and

conventions- Journal – Ledger – Trial Balance – Adjustments – Final accounts of a Sole Trader

- Profit and Loss Account - Balance Sheet- Company Final Accounts as per the New

Companies Act Schedule III - International Accounting Standards and Indian Accounting

Standards-Indian GAAP– IFRS – Emissions Trading and Accounting of Carbon Credits.

Unit II: Cost Accounting: Difference between Management Accounting and Financial

Accounting - Definition and Scope of Cost Accounting - Significance and Limitations of cost

accounting - Cost Classification - Cost Sheet - Methods of Costing - Process Costing - Job

Costing

Unit III: Management Accounting: Definitions – Scope - Significance and Limitations -

Marginal Costing - Cost-Volume-Profit Analysis - Break Even Analysis-Profit planning -

Decisions Regarding Sales Mix - Make or Buy decisions – Problem of key factor

Unit IV: Standard Costing and Budgetary Control: Standard Costing - Variance Analysis-

Material and Labour Only- Budgets and Budgetary Control - Classification of Budgets –

Functional Budget – Production, Sales, Raw Materials Purchase and Cash Budget - Flexible

Budgeting - Zero Based Budgeting.

Unit V: Recent Trends in Cost Accounting: Value Chain Analysis - Quality Costing – Target

costing-Life Cycle Costing-Kaizen costing-Activity Based costing.



18

Reference:

Books:

1. Larry M. Walther, 2018, Financial Accounting, CreateSpace Independent Publishing

Platform, Luxemberg.

2. M.C. Shukla, T.S. Grewal and S.C. Gupta, 2015, Advanced Accounting, S. Chand & Co.,

New Delhi

3. R.L. Gupta & M. Radhasamy, 2014, Advanced Accounting, 17th Edition, Sultan Chand &

Sons.New Delhi

4. Arora, M.N., 2012,A Text Book of Cost Accountancy, 10th Ed., Vikas Publishing House,

New Delhi.

5. SP Jain KL Narayan,2016, Cost Accounting Principles and Practices, 25thEd, Kalyani

Publishers, New Delhi.

6.S.N.Maheswari, 2000, Principles of Management Accounting, Sultan Chand & Sons,

New Delhi

7. Pandey, I.M., Management Accounting, 2009,3rd Edition, Vani Publication, Delhi.

8. Asish K Bhattacharyya, 2006, Indian Accounting Standards: Practices, Comparisons, and

Interpretations, Tata Mc-Graw Hill Publishing Company Limited, New Delhi.

9.R.K. Sharma, Shashi K. Gupta, 2016, Management Accounting Principles and Practices,

13th Ed, Kalyani Publishing house, New Delhi.

10. T.P. Ghosh, 2011, Accounting Standards and Corporate Accounting Practices, Taxmann

Publciations, New Delhi.

11.A.N. Sarkar, Emissions Trading and Carbon Management, 2010, First Eidtion, Pentagon

Press, New Delhi.

Online Reference:

1. MOOC Material: Financial Accounting: Foundations (Coursera), Created by:University

of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught by:OktayUrcan.

2. MOOC Material: Accounting for Decision Making (Coursera), Created by:University of

Michigan, Delivered by:Coursera, Taught by:Greg Miller

3. MOOC Material: Financial Accounting: Advanced Topics (Coursera),Created

by:University of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught

by:OktayUrcan

4. Accounting Standards, www.icai.org

Weightage in the Question Paper : Theory – 40% and Problems-60%

https://www.mooc-list.com/university-entity/university-illinois-urbana-champaign


https://www.mooc-list.com/initiative/coursera

https://www.mooc-list.com/instructor/oktay-urcan

https://www.mooc-list.com/university-entity/university-michigan

https://www.mooc-list.com/university-entity/university-michigan


https://www.mooc-list.com/instructor/greg-miller



https://www.mooc-list.com/instructor/oktay-urcan

http://www.icai.org/

19

FMCC2 – CONTEMPORARY BUSINESS COMMUNICATION

Course Aim: To explain the fundamentals, scope and importance of communication in

business, develop individual reading and listening skills of the students and to transform

their communication abilities by honing their oral, written, and non-verbal communication

skills.

Course Outcome: At the end of the Course, the student would be able to

1. Communicate correctly and effectively on matters having relevance to day-today

business operations

2. Develop reading and listening skills among the students

3. Develop effective writings on resumes, and reports

4. Get knowledge on Do’s and Don’ts of Job Interview

5. Act as an effective manager by applying relevant theories to real problems in an

organization, and

6. Effectively organize the office meetings with the practical knowledge in preparing

agenda, circular and minutes of the meeting.



Unit I: Business Communication: Meaning and Objectives of Business Communication –

Factors Affecting Business Communication - Verbal Communication (Group Discussion,

Business Presentation) – Non Verbal Communication – Body Language.

Unit II : Parts of the Speech - Nouns – Pronouns – Verbs – Adjectives – Adverbs –

Prepositions – Conjunctions – Interjections

Verb Tenses and Voice - Principal Parts of Verbs - Regular and Irregular Verbs - Tenses of

Verbs - Perfect Tenses - Progressive and Emphatic Forms - Consistency of Tenses - Voice of

Verbs - Mood of Verbs

Unit III: Parts of the Sentence - Sample Subjects and Simple Predicates - Complete Subjects

and Complete Predicates - Compound Subjects and Compound Predicates - Order of Subjects

and Predicate – Complements

Unit IV: Written Communication – The Process of Writing - Notice, Agenda and Minutes -

Business Letters – Memorandums – E-mail – Text Messaging – Instant Messaging – Directness

in Good and Neutral Messages - Indirectness in Bad-News Messages

Unit V: Employment Communication: The Job Search - Preparing the Application

Documents - Constructing the Resume - Types of Interviews - Do’s and Don’ts for Interviews -

Oft asked questions – Presentation Skills – Event Management.



Reference:

Books:

1. Barbara G. Shwom, 2018, Business Communication: Polishing Your Professional

Presence, Pearson Education, Noida.

20

2. Peter Hartley and Peter Chatterton, 2015,Business Communication: Rethinking Your

Professional Practice for the Post-digital Age, Routledge,UK.

3. G.S.R.K Babu Rao, 2003,Business Communication and Report Writing, Himalaya

Publishing House,Mumbai.

4. Glencoe Language Arts,2002,Grammar and Composition Handbook, Glencoe McGraw

– Hill, New York .

5. Raymond V Lesikar, Marie E Flatley, Kathryn Rentz and NeerjaPande, 2009, Business

Communication Making Connections in a Digital World, Tata McGraw Hill Education

Private Limited, New York.

6. Scot Ober, 2007,Contemporary Business Communication,(7th Edition), Cengage

Learning Inc., US.

7. Chaturvedi P. D, &MukeshChaturvedi,2011,Business Communication: Concepts,

Cases And Applications, (2nd Edition), Pearson Education, India.

Online Reference:

1. MOOC material: Business Communication (edX) Created by: The University of

British Columbia, Canada, Delivered by: EdX, Taught by: Marlisse Silver Sweeney

2. MOOC material: Business Communication (edX) Created by: Rochester Institute of

Technology, United States, Delivered by: EdX, Taught by: Andrea Hickerson

3. MOOC material: Business Writing (Coursera) Created by: University of Colorado

Boulder,United States, Delivered by: Coursera, Taught by: Dr. Quentin McAndrew.

4. MOOC material: Soft Skills (SWAYAM) Created by: IIT Roorke, Delivered by :

SWAYAM, Taught by: Dr. Binod Mishra.

https://www.edx.org/bio/marlisse-silver-sweeney


https://www.edx.org/bio/andrea-hickerson-phd













21

FMCC3 - STRATEGIC MANAGEMENT

Course Aim:

This course is aimed to teach the strategic management, its formulations and its

decisions, besides explaining the strategic implementation.

Course Outcomes: At the end of the course, the student would be able to

1. Get knowledge on the evolution, process, relevance and importance of strategic

management.

2. Analyse the External Environment, Internal Environment, Organization and techniques

of Environmental Analysis.

3. Conduct financial analysis to determine performance of a company vis-à-vis its industry

so as to use it as inputs for creating a portfolio matrix.

4. Interpret qualitative and quantitative information with respect to an organization taken

up for strategic analysis.

5. Reconcile the impact of economic, social, political, and cultural variables which affect a

business operation.

6. Recommend strategies to creatively organize, lead and assume the risks of an

organization.



Unit I: Fundamentals of Strategic Management: Meaning of Strategy and Strategic

Management - – Evolution of Strategic Management - Conceptual Frame Work – Strategic

Management Process- Relevance and importance of Strategic Management .

Unit – II: Strategy Formulation: Vision, mission, objective and goals formulation –

Importance – External Environment Analysis – Internal Environment Analysis – Organizational

Analysis – Techniques of Environmental Analysis.

Unit- III: Strategic Decisions – Approaches to Strategy Formulation - Strategic Alternatives –

External Growth Strategies – Generic Business Strategies – Corporate Strategies – Choice of

Strategy.

Unit – IV: Strategy Implementation – Issues in Strategy Implementation - Structural

Implementation – Behavioural Implementation - Functional Implementation – Strategic

Evaluation and Control.

Unit – V: Strategic issues in Global business and e-commerce – Managing technology and

innovation – specified types of organization – organizational adoption and change – Michael

Porter’s Competitive Strategy – Competitive Advantage.

22



Reference:

Books:

1. Fred.R.David(2018), Strategic Management Concepts & Cases, Publishing Pearson

Education.

2. Dr.Vijay Pithadia (2014), Strategic Management and Business Policy, Publishing Biztantra.

3. Azhar Kazmi(2008), Business Policy, Tata Mcgraw Hill.

4. Prasad. L. M(2008), Strategic Management, Publishing Sultan Chand & Sons.

5. Praveen Jain (2017) 1st Ed., Strategic Management, Publishing Asia Law House.

Online Reference:

1. MOOC Material: Strategic management, Created by: Copenhagen Business School,

Delivered by: Coursera, Taught by: Robert Austin.

2. MOOC Material: Introduction to Operations Management, created by: Wharton

School of the University of Pennsylvania and University of Pennsylvania via Coursera,

Taught by, Christian Terwiesch.

3. MOOC Material: Foundations of Business Strategy , Created by : University of

Virginia via Coursera Taught by: Michael J. Lenox .

4. MOOC Material: Business Strategy, University of Illinois at Urbana-Champaign via

Coursera, Taught by: Deepak Somaya.

https://www.class-central.com/university/illinois

https://www.class-central.com/provider/coursera

23

FMCC4 – CONTEMPORARY COMMERCIAL BANKING

Course Aim:

On completion of the course, the students shall be able to demonstrate an understanding

of the subject matter and financial environments, in India. Also, the students will critically

examine the salient features of financial system and role of commercial Banking and understand

the regulatory framework, the strengths and weaknesses of some of the regulations.

Course Outcome: The students, at the end of the course, will be able to

1. Compare and contrast all types of regulation of the Commercial Banking Industry.

2. Distinguish and classify all aspects of Commercial Bank Loans.

3. Analyze Asset-Liability Management Techniques and related Hedging techniques.

4. Explain the changes in the Commercial Bank Industry and their effects on industry.

5. Get through the Banking Examinations conducted by various banks.

6. Apply the concepts learned in the day-to-day functioning of the banks.



Unit - I: Fundamentals of Commercial Banking: Definition - Function of Commercial Banks

– Types of Commercial Banking systems –Indian Commercial Banking Structure –

Nationalization of Banks in India: Reasons, Achievements and Critical Evaluation – Financial

Sector Reforms –Consolidation and Competition in the Indian Banking Industry, Role of

Commercial Banks in Financial Inclusion - Subsidiary Services of Banks: Traditional Services

– Contemporary Services Including Cash Management – Digital Banking.

Unit - II: Deposit Mobilization by Commercial Banks: Deposit Mix – Different Types of

Deposits – Factors Affecting Deposit Levels – Individual Customers – Partnership Firms -

Corporate Clients.

Unit – III: Lending and Investment: Lending of Money by Banks – Principles of Sound

Lending –Various Forms of Advances: Cash Credit, Overdrafts, Loans and Purchasing and

Discounting of Bills – Retail Lending by Banks –Housing Loans and Personal Loans: Problems

and Prospects – EMI: Concepts and Computation – Priority Sector Lending.

Unit - IV: Different Types of Securities: Goods – Document of Title to Goods –Life

Insurance Policies – Corporate Securities – Government Securities – Real Estate – Fixed

Deposit Receipts – Bullions – Policy, Procedure and Practices of Lending Against these

Securities.

Unit - V: Modes of Creating Charges: Lien –Pledge –Hypothecation –Mortgage –

Assignment – Documentation in Respect of various types of Borrowers against various types of

Securities - Twin Balance Sheet Problem – Non Performing Assets



Reference:

24

Books:

1. B. Ramachandra Rau, 2018, Present-Day Banking in India, FB & C Limited, London

2. Indian Institute of Banking & Finance,2010, Advance Bank Management Mac Millan.

3. Robert E.Wright, Vincenzo Quadrini ,2009,Money and Banking, Flat WorldKnowledge.

4. Dr.Prem Kumar Srivastava, 2011,Banking Theory & Practice, HPH, Mumbai

5. D.M. Mithani and E.Gordon, 2008,Banking and Financial Systems, HPH, Mumbai

6. Varshney and Sundaram,2010, Banking Theory, Law and Practice, Sultan Chand, New

Delhi

7. M.L. Tannan, 2009,Banking Theory, Law and Practice, Eastern Book Company, UP.

8. N.S. Toor,2011 Hand Book for Banking Information, Skylark Publications, New Delhi.

9. M.J. Aslam, 2010,Legal Aspects of Bank Lending, Asia Law House, Hyderabad.

Online Reference:

1. MOOC Material: Economics of Money and Banking, Created by: Columbia University

Delivered by: Coursera Taught by: Perry G Mehrling.

2. MOOC Material: Just Money: Banking as if Society Mattered (edX), Created by: MIT

and MITx Delivered by: EdX, Taught by: Alice Maggio, J. Phillip Thompson,

KatrinKaeufer, Lafayette Cruise and Lily Steponaitis.

3. MOOC Material: Finance Fundamentals: Financial Services after the Banking Crisis

(FutureLearn), Created by: The Open University, Delivered by: FutureLearn, Taught

by: Martin Upton.

4. MOOC Material: Banking and Financial Markets: A Risk Management Perspective

(edX), Created by: Indian Institute of Management, Bangalore, Delivered by: EdX,

Taught by: PC Narayan.


https://www.mooc-list.com/instructor/perry-g-mehrling

https://www.mooc-list.com/university-entity/mit

https://www.mooc-list.com/university-entity/mitx


https://www.mooc-list.com/instructor/alice-maggio

https://www.mooc-list.com/instructor/j-phillip-thompson

https://www.mooc-list.com/instructor/katrin-kaeufer

https://www.mooc-list.com/instructor/lafayette-cruise

https://www.mooc-list.com/instructor/lily-steponaitis

https://www.mooc-list.com/university-entity/open-university

https://www.mooc-list.com/initiative/futurelearn

https://www.mooc-list.com/instructor/martin-upton

25

FMEC1 - APPLIED OPERATIONS RESEARCH

Course Aim: The aim of the course is to give students a solid quantitative foundation alongside

practical problem-solving techniques. The course is intended to provide the students with

deeper analytical skills and an understanding of how these are applied to business and

management problems.

Course Outcome: Upon completion of the course, the students will be able to

1. Recognize the importance and value of Operations Research and mathematical

modelling in solving practical problems in industry;

2. Apply quantitative techniques to solve a variety of business problems

3. Understanding of these models should allow you to communicate with persons who run

them and to evaluate the results they present to you

4. Interpret statistical information and be able recognize when meaningful statistics are

being used

5. Formulate a managerial decision problem into a mathematical model; and

6. Understand Operations Research models and apply them to real-life problems; and



Unit I: Time Value of Money: Introduction – Concept and Techniques – Doubling and

Multiple Compounding Periods – Effective Rate of Interest – Future Value of Series of

Payments and Annuity –Present Value of Series of Payments and Annuity – Practical

Applications of Time Value Techniques.

Unit II Linear Programming: Introduction to applications of operations research in functional

areas of management – Linear Programming formulation - solution by graphical and simplex

methods (only simple problems) – Concepts of Duality.

Unit III Transportation: Transportation Models (Minimising and Maximising Problems) –

Balanced and unbalanced Problems – Initial Basic feasible solution by N-W Corner Rule, Least

cost and Vogel’s approximation methods - Check for optimality - Solution by Modified Method

(MODI) / Stepping Stone method - Assignment Models – Types of Assignment Problem -

Hungarian Method.

Unit IV Inventory Models and Decision Theory: Inventory Models – EOQ and EBQ Models

(With and without shortages) - Quantity Discount Models. Decision making under risk –

Decision trees – Decision making under uncertainty.

Unit V: Queuing Theory: Introduction to Queuing Theory – Terminologies of Queuing

System – Empirical Queuing Models.




26

References:

Books:

1. Michael W. Carter and Camille C. Price, 2017, Operations Research: A Practical

Introduction, CRC Press, Florida

2. Yadav .S.R and Malik A. K,2015,Operations Research, Oxford University Press.

3. Paneerselvam R., 2009,Operations Research, Prentice Hall of India, Fifteenth Print.

4. Hamdy A Taha,2004,Introduction to Operations Research, Prentice Hall India, Seventh

Edition, Third Indian Reprint.

5. G. Srinivasan, 2007,Operations Research – Principles and Applications, PHI.

6. Gupta P.K, Hira D.S, 2007,Problem in Operations Research, S.Chand and Co.

7. Kalavathy S, 2004,Operations Research, Second Edition, Vikas Publishing House.

8. Shashi K. Gupta, Sharma. R. K., 2007, Financial Management : Theory and Practice, 3rd

Ed., Kalyani Publishers.

9. Prasanna Chandra, 2001, Financial Management: Theory and Practice, 5th Ed., Tata

McGraw Hill.

10. Pandey, I.M.,2006, Financial Management, 9th Ed., Vikas Publishing House.

Online Reference:

1. Swayam Course Material: Statistics for Business - I, Created by Shankar Venkatagiri,

IIM Bangalore.

2. MOOC Material: Principles of Valuation: Time Value of Money, Created by:

University of Michigan, Delivered by: Coursera, Taught by: GautamKau.

3. MOOC Material: Operations Analytics, Created by: University of Pennsylvania,

Delivered by: Coursera, Taught by: SenthilVeeraraghavan.

4. MOOC Material: Introduction to Operations Research, Created by: Department of

Management Studies IIT Madras, Delivered by: Swayam, Taught by: Dr. G.

Srinivasan.

5. MOOC Material: Introduction to Decision Making, Created by: University of

Michigan, Delivered by: Coursera, Taught by: Scott E. Page

27

FMEC2 – FINANCIAL ECONOMETRICS

Course Aim: The aim of this course is to introduce the main econometric methods and techniques

used in the analysis of issues related to finance and to apply the Simple, Multiple Regression, Auto

Correlation, Heteroskedasticity and Time Series.

Course Outcome: At the end of the Course, the students would be able to:

1. Understand the properties of financial returns.

2. Study the methodology of Econometrics.

3. Formulate models and analyze the properties of models using matrix notation.

4. Forecast the financial variables using the principles of autoregressive time series models.

5. Apply ARCH and GARCH models to predict financial time series which display volatility

clustering and asymmetry

6. Act as the research consultant for analyzing the financial econometric problems.



Unit I: Introduction: Meaning of Econometrics – Methodology of Econometrics – Types of

Econometrics - Nature and Scope of Econometrics, Economic and econometric models.

Unit II: Simple and Multiple Regression: Specification of the Relationships, The Method of

Least Squares, Statistical inference, Regression Coefficients, Analysis of Variance, Prediction

with the simple regression model, Outliers, Stochastic regressors, The regression fallacy,

Degrees of freedom and R2.

Unit III: Autocorrelation: The Durbin– Watson test, Estimation, Estimation procedures,

Effect of AR( 1) errors on OLS estimates, Tests for serial correlation and higher- order serial

correlation, Strategies for Significant DW test statistic, Trends and random walks, ARCH

models and serial correlation.

Unit IV: Heteroskedasticity: Detection of heteroskedasticity, Consequences of

heteroskedasticity, Solutions to the heteroskedasticity problem, Heteroskedasticity and the use

of deflators, Testing the linear versus log- linear functional form.

Unit V: Time Series Econometrics: Two methods - Frequency domain and time domain. Strict

stationarity, Weak stationarity, Nonstationarity, Purely random process Random walk, Moving

average process, Autoregressive process, Estimation of AR, MA, and ARMA models, The

Box– Jenkins approach, Trend elimination, R2 measures in time- series models.




28

Reference:

Books:

1. Ilya Molchanov and Francesca Molinari, 2018, Random Sets in Econometrics,

Cambridge University Press, UK.

2. Mukhopadhyay Bidisha, 2015, Applied Financial Econometrics with Cases, Lap

Lambert Academic Publishing

3. Gujarati.D, 2011, Basic Econometrics, 5thEdtion, McGraw Hill, New York.

4. Kelejion, H.H and Oates Wallance, 1981, E,Introduction to Econometrics, Harper and

Row Publishers Inc., New York.

5. Box, G.E.P. and Jenkins, G.M, 1976,Time Series Analysis - Forecasting and Control.

Holden-Day, San Francisco.

6. Johnsdon, J, 1984, Econometric methods, 3rd Ed, McGraw Hill, New York.

7. Maddala, G.S,,KajalLahiri, 2009, Introduction toEconometrics, 4th Edition,John Wiley

and Sons, New York.

8. Wonnacott and Wonnacott, 1970, Econometrics,2nd Ed, John Wiley and Sons, New

York.

9. Brooks, Chris, 2008, Introductory Econometrics for Finance, 2nd Edition,Cambridge

University Press, UK.

10. Peijie Wang, 2009, Financial Econometrics Taylor & Francis Publisher, UK.

Online Reference:

1. MOOC Material: Econometrics: Methods and Applications, Created by: Erasmus

University Rotterdam, Delivered by: Coursera, Taught by: Philip Hans Franses.


University Rotterdam, Delivered by: Coursera, Taught by: Dennis Fok.


University Rotterdam, Delivered by: Coursera, Taught by: Christiaan Heij.


University Rotterdam, Delivered by: Coursera, Taught by: Michel van der Wel,.

29

FMSC1- MANAGEMENT CONCEPTS AND BEHAVIOUR

Course Aim: To understand the nature and scope of management; to know the difference

between management and administration; to understand various levels of management; and to

describe the various skills that are necessary for successful managers.

Course Outcome: The students, after the completion of the course would be able to

1. Understand the historical backdrop and fundamentals of Management thoughts vital for

understanding the conceptual frame work of Management as a discipline.

2. Know various concepts of planning, Decision making and controlling to help solving

managerial problems

3. Get Knowledge on motivation theories

4. Comprehend the theories of management & evolution of management thought

5. Run the business effectively by applying the management theories

6. Act as an effective manager by applying the controlling techniques.

Pedagogical Methods Adopted: Self Learning and Peer learning.

Unit 1: Nature and Process of Management: Meaning, Features, Functions and Importance of

Management, Management as Science, Art and Profession; Managerial Skills, Tasks of

Management, Role of Managers.

Unit II: Planning: Features, Nature, Importance, Benefits, Limitations, Elements, Principles

of Planning, Planning Process.

Strategy: Meaning, Features, Benefits, Limitations and Process of Strategy, Implementation of

Strategies, Levels of Strategy, Environmental Analysis and Diagnosis.

Decision Making: Features, Nature, Process, Types of Decision Making, Approaches to

Decision Making, Techniques of Decision Making, Models of Decision Making.

Unit III: Organizing: Elements, Nature, Process and Importance of Organizing, Organization

Chart, Principles, Advantages, Limitations and Kinds of Organization Chart, Organization

Manuals, Span of Management, Principles of Organizing, Women in Workplace.

Motivation- Meaning, Nature and Importance of Motivation, Approaches to Motivation,

Theories of Motivation.

Unit IV: Directing-Nature, Principles and Importance of Directing, Supervision, Supervisor’s

role, Qualities of Supervisor.

Leadership: Meaning, Elements, Process, Nature and Importance of Leadership, Leadership

Styles, Management and Leadership, Effective Leadership, Qualities of a leader.

Unit V: Controlling: Meaning, Nature, Importance and Types of Control, Resistance to

Control, Ways to overcome resistance to Control, Focus of Control, Control Process, Essentials

of an Effective Control System, Principles of Control.



30

Reference:

Books:

1. Peter Eichhorn and Ian Towers, 2018, Principles of Management: Efficiency and

Effectiveness in the Private and Public Sector, Springer International Publishing,

Switzerland.

2. Stephen P. Robbins, Rolf Bergman, Ian Stagg, Mary Coulter, 2015, Management,(7th

Revised Edition), Pearson Education.India

3. NeeruVashist, 2009,Principles of Management,(3rd Edition),Taxmann Publications, New

Delhi

4.Harold Koontz and Heinz Weirich, 1990, Essentials of Management, (5th Ed.), McGraw

Hill International., New York.

5.Stonier&Wankel, Management,Prentice HallIndia, New Delhi.

6.Peter F. Drucker,2006,Practice of Management, Pan Books, London.

7.Stephen P. Robbins and David A. Decenzo, 2001 Fundamentals of Management,(3rd

Ed.), Pearson Education Asia.

8. E.H. Mc GrathS.J, 2011, Basic Management Skills for all, Six edition.

9. Women in the Workplace, 2017, McKinsey & Company Report.

10. Supriti Bezbaruah, 2015, Banking on Equality: Women, Work and Employment in the

Banking Sector in India, Routledge, Oxen.

Online Reference:

1. MOOC Material: Critical Perspectives on Management, Created by IE Business

School, Delivered by: Coursera, Taught by: Rolf Strom-Olsen .

2. MOOC Material: Managing the Company of the Future, Created by London Business

School, Delivered by Coursera, Taught by: Julian Birkinshaw.

3. MOOC Material: Leadership, Identify, Influence and Power, Created by Macquarie

Graduate School of Management, Delivered by Open2study, Taught by: Randal Tame.

4. MOOC Material: Human Resources, Created by Open Training Institute, Delivered by

Open2study, Taught by: Christina Dahdal.

https://www.coursera.org/instructor/rolfstromolsen

https://www.mooc-list.com/university-entity/macquarie-graduate-school-management



31

CCMF1 - MUTUAL FUND AND FINANCIAL PLANNING

The detailed syllabus for this course is given in the Regulation and Syllabus for Certification

Course on Mutual Funds

32

FMFC2 - ADVANCED FINANCIAL MANAGEMENT

Course Aim: This course aims to provide the students with the fundamental concepts,

principles and approaches of finance, enable the students to apply relevant principles and

approaches in solving problems of corporate finance and help the students improve their

overall capacities.

Course Outcomes: On the completion of the course, the student would be able to

1. Critically evaluate the impact of financial decisions on the strategic direction of the

organization.

2. Identify and evaluate the exposure of a company to financial risk and the techniques

required to manage this risk.

3. Evaluate complex investment appraisal situations and appreciate the importance of

the cost of capital to the organization and how the capital structure chosen will

impact upon this.

4. Analyse the key strategic financial issues that must be considered in an acquisition

or merger, including valuation of the target company.

5. Act as a Consultant in analyzing the Capital Budgeting of a new business venture.

6. Prepare business proposals by investigating the net present value of capital projects

under conditions of uncertainty.



Unit I: Financial Planning and Capital Budgeting: Introduction and Meaning, Financial

Planning, Sales Forecast, Financial Forecasting Vs Budgeting. Capital Budgeting:

Techniques of Capital Budgeting; Capital Budgeting Process, Project Classification;

Estimation of Project Cash Flows; Risk Analysis in Capital Budgeting; Sensitivity Analysis,

Scenario Analysis, Break-even Analysis, Hiller Model, Simulation Analysis, Decision Tree

Analysis; Corporate Risk Analysis; Managing Risk; Project Selection Under Risk; Risk

Analysis in Practice.

Unit II: Dividend Policy: Types of Dividends; Irrelevance of Dividend; Relevance of

Dividend; Factors Influencing Dividend Policy; Types of Dividend Policies; Dividend

Policies in Practice; Bonus Shares and Repurchase of Shares.

Unit III: Corporate Valuation: Approaches to Valuation: Adjusted Book Value Approach,

Stock and Debt Approach, Direct Comparison Approach and Discounted Cash Flow

Approach, Approaches to Facilitate Value Based Management, Marakon Approach, Alcar

Approach, McKinsey Approach, EVA and BCG approach

Unit IV: Corporate Governance and Executive Compensation: Agency Problem,

Devices to control agency costs, Corporate Governance in the developed countries and in

India; Executive compensation, Employee stock option plan.

Unit V: Performance Measurement and Balanced Scorecard: Rationale for the Current

Focus on Business Performance Measurement, Financial Measures, Non-financial Measures,

Balanced Scorecard, Parta System, Performance Excellence Awards, Divisional Performance

Measurement.



33

Reference:

Books:

1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition,

Profile Books Limited, London.

2. Eugene Brigham, Joel Houston, 2015, Fundamentals of Financial Management, (14th

Edition), Cengage Learning.

3. Prasanna Chandra, 2001 Financial Management: Theory and Practice, (8th Ed.),


4. Ross, Westerfield, Jaffe, 1999 Corporate Finance, (5th Ed.), McGraw Hill.

4. Brigham, Gapenski, and Ehrhardt, 1999 Financial Management: Theory and

Practice, (9th Ed.,) Dryden Press.

5. Pandey, I.M., 2006,Financial Management, Vikas Publishing House.

6. Vishwanath, S.R., 2000 Corporate Finance: Theory and Practice, Response Books.

7. Fred J. Weston, Kwang S. Chung, and Susan E. Hoag, 1997,Mergers, Restructuring and

Corporate Control, Prentice Hall of India.

Online Reference:

1. MOOC Material: Accounting: Making Sound Decisions Created by: IESE Business

School, Delivered by: Coursera, Taught by: Marc Badia

2. MOOC Material: Construction Cost Estimating and Cost Control, Created by: Columbia

University, Delivered by: Coursera, Taught by: Ibrahim Odeh.


University.




https://www.mooc-list.com/university-entity/iese-business-school



https://www.mooc-list.com/instructor/marc-badia

https://www.mooc-list.com/university-entity/columbia-university



https://www.mooc-list.com/instructor/ibrahim-odeh

34

FMCC5 - FIXED INCOME SECURITIES MARKET

Course Aim: The course aims to help the students to develop a solid understanding of bond and

bond markets and to provide the students with concepts and methods about those widely used in

practice.

Course Outcomes: At the end of the course, the student would be able to

1. Describe and interpret the general features of fixed income securities and understand the

basic operations of fixed income markets.

2. Identify and distinguish between the different types of fixed income securities.

3. Make use of analytic tools in bond portfolio management and interest rate risk management;

4. Identify various sources of credit risk and apply structural models to estimate the risk.

5. Apply skills in valuing fixed-income securities and interest rate sensitive products.

6. Act as a consultant to suggest the various types of short and long-term debt instruments

available to firms to meet financing needs.



Unit-I: Fixed Income Securities Market: Introduction – Meaning and Types of Fixed Income

Securities – Features of Fixed Income Securities.

Debt Instrument Features and Classification: Modifying the Coupon, term to maturity,

principal repayment of a Bond, Asset backed securities, Indian Debt Markets Profile: Market

Segments, Participants in the Debt Markets, Secondary Market for Debt Instruments

Unit-II: Money Market Fixed Income Securities: Call Money Market: Volumes,

Participants in the Call Money Market, Call Rates. Commercial Paper & Certification of

Deposits: Guidelines for issue of CP Issue, Growth in the CP Market, Certificate of Deposits.

Repos: Definition, Repo rate, Advantages, Calculation of amount settlement in Repo

transactions, Repo Accounting. Treasuary Bills: Issuance Process, Cut off yields, Investors in

T-Bills, Secondary Market activity in T- Bills.

Unit-III: Capital Market Fixed Income Securities: Central Government Securities Bond:

Introduction, Developments Expected, G-Sectors: Trends in Volumes, Tenor and Yields,

Primary Issuance Process, Participants in Government Bond Markets, Primary Dealers, Satellite

Dealers, Secondary Markets for Government Bonds, Settlement of Trades in G-sec. Corporate

Bonds: Market Segments, Issuance process, Book Building, Terms of Debenture Issue, SEBI

Guidelines on Corporate Debt Issue, Credit Rating.

Unit-IV: Valuation of Bonds: Bond Characteristic, Bond Prices, Bond Yields, Risks in Bonds,

Rating of Bonds, The Yield Curve, Explaining the Term Structure, Determinants of Interest

Rates, Analysis of Convertible Bonds, YTM, Duration

Unit-V: Fixed Income Derivatives: Meaning, Mechanics of Forward Rate Agreements,

Interest Rate Futures, Interest Rate Swaps, Guidelines on Exchange Traded Interest Rate

Derivatives.




35

Reference:

Books:

1. Jusi Klemela, 2018, Non Parametric Finance, John Wiley & Sons, USA.

2. Saied Simozar, 2015, The Advanced Fixed Income and Derivatives Management

Guide, John Wiley & Sons.

3. S.L.Gupta, 2006, Financial Derivatives (Theory, concepts and Problems), 1st Ed.,

Prentice Hall of India.

4. NCFM, FIMMDA Module

5. Moorday Choudhry, 2001, Bond Market Securities, 1st Ed., Pearson Education.

6. Donald E.Fisher and Ronald J.Jordan, 2000, Security Analysis and Portfolio

Management, 6th Ed., Prentice Hall of India.

7. Prasanna Chandra, 2006, 2nd Ed., Investment Analysis and Portfolio Management, Tata

McGraw Hill International.

8. Suresh Sundaresan, 2002, 2nd Ed., Fixed Income Markets and their Derivatives,

Thomson Southern Western.

Online Reference:

1. MOOC Material: Finance for Everyone: Values, Created by: McMaster University,

Delivered by: Coursera, Taught by: Arshad Ahamed.

2. MOOC Material: Finance for Everyone: Debt, Created by: McMaster University,


3. MOOC Material: Portfolio and Risk Management, Created by: University of Geneva,

Delivered by: Coursera, Taught by: Tony Berrada and others.

4. MOOC Material: Introduction to Investments, Created by: IIM Bangalore, Delivered

by: edX, Taught by: S.G. Badrinath.





36

FMCC6- WORKING CAPITAL MANAGEMENT

Course Aim: The course helps to appraise students with the importance of working capital and

the techniques used for effective working capital management and to manage the components of

working capital like cash, receivables, inventory and payables.

Course Outcomes: At the end of the Course the student would be able to

1. Understand the importance, components and factors influencing working capital

management.

2. Assess the various sources of financing of current assets, and

3. Evaluate comparative working capital management policies and their impact on the

firm's profitability, liquidity, risk and operating flexibility.

4. Formulate appropriate working capital management policies to achieve corporate

objectives.

5. Apply corporate cash management, accounts receivable management, bank relations,

and inventory management techniques to maximize the share holders' value, and

6. Write a plan for a balanced integration of cash, credit and other short-term topics and

policies.



Unit I: Working Capital Policy: Importance of Working Capital Management, Components of

Working Capital, Factors Influencing the Requirements of Working Capital, Risk-return Trade-

off, Profitability-Liquidity tangle. Estimating Working Capital Requirements: Operating Cycle

Method, Percent of Sales Method. Role of finance managers in working capital management.

Unit II: Financing Current Assets: Different approaches to financing current assets:

Conservative, aggressive and matching approach, Sources of finance, Spontaneous source,

Trade credits, Short term bank finance, Commercial papers and Public deposits, Committees on

working capital finance. Factoring.

Unit III: Cash Management: Importance, The right proportion, Factors influencing cash

balance, Determining optimum cash balance, Cash Budgeting, Controlling and monitoring

collections and disbursements, Cash management models.

Unit IV: Receivables and Payables Management: Credit Policy variables, Credit Standards,

Credit period, Cash discount and collection efforts. Credit Evaluation, Credit Granting

Decision, Control of Receivables, Management of Trade Credit in India, Payables Management.

Unit V: Inventory Management: Need for inventories and the importance of its

management, Techniques for managing inventory, Order Quantity, E.O.Q. Model, Order Point,

Safety Stock, Analysis of Investment in inventory, Selective Inventory Control, A.B.C.

analysis. Bills Payable Management




37

Reference:

Books:

1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition, Profile

Books Limited, London.

2. R.K. Gupta and Himanshu Gupta, , 2015, Working Capital Management & Finance, (1st

Edition), Notion Press, Chennai.

3. Prasanna Chandra, 2004, Financial Management - Theory and practice, 5th Ed. Tata

McGraw Hill, New York.

4. Hrishikes Battacharya, 2001, Working Capital Management: Strategies and Techniques,

Prentice Hall of India, New Delhi.

5. Pandey I.M, 2005, Financial Management, Vikas Publishing House, New Delhi.

6. Joshi, R.N., 1999, Cash Management, New Age International Publishers.

7. Ramamurthy V.E.,1976, Working Capital Management, IFMR Publication, Chennai.

Online Reference:

1. MOOC Material: Accounting and Finance (edX), Created by: Indian, Delivered by:EdX,

Taught by:MS Narasimhan.


University.

3. Study.com Study Material: Principles of Finance.




https://www.mooc-list.com/instructor/ms-narasimhan

38

FMCC7 - INSURANCE PRODUCTS AND MANAGEMENT

Course Aim:

This course aims to appraise the students the importance of Insurance products and

management, type of insurance products and explain the strategic planning required in the

insurance business.

Course Outcomes

The students at the end of the course will be able to

1. Understand the concepts relating types of business, personal risks, and significance

of risk management function within business organizations.

2. Acquaint the basic knowledge of the insurance products and methods of risk

management found in strategic planning.

3. Get knowledge on some basic principles of insurance buying, with an emphasis on

how to develop a strong insurance and financial estate planning program.

4. Understand the factors influencing the key functioning of insurance organizations

insurable interest, role of riders in insurance policies and schemes.

5. Get through the Examinations conducted by Insurance Regulatory Development

Authority of India.

6. Act as an Insurance Agent by applying the concepts.



Unit I: Principles and Practice of Insurance-Introduction to Risk and Insurance, Types

of Insurance-General and Life, Basic principles of General and Life Insurance,

Insurance contracts-Regulations on investments, insurance funds with respect to

shareholders funds and policy holders funds-costing and pricing of insurance

products.

Unit II: General insurance products, underwriting concepts, standard conditions

and warranties with respect to Fire, Marine, Motor, Engineering and Miscellaneous

products;

39

Unit III: Life insurance products, premium plans, social security schemes, pension

policies, group insurance schemes and financial gerontology of superannuating

policies-Principles of Actuarial valuation

Unit IV: Risk Management and Reinsurance: Economics of insurance; Managerial

aspects of risk management; Reinsurance-legal principles and methods of

reinsurance

Unit V: Business Strategic Planning and Information Technology: Management

of insurance companies, challenges of globalisation and business process

reengineering; Application of IT in insurance business, system controls, data

warehousing, application of ERP for insurance companies, Customer relation

management and supply chain management; Business Strategies in product

formulation, information marketing & advisory, distribution, reinsurance and

servicing.



Reference:

Books:

1. John C. Hull, 2018, Risk Management and Financial Institutions, 5th Edition,

John Wiley & Sons, New Jersey.

2. Agarwal, OP, 2017, Banking & Insurance, 4th Ed., Himalaya Publishing House,

Mumbai

3. George E Rejda, 2008, Principles of Risk Management & Insurance, 10th Ed.,

Pearson Education, New Delhi

4. Balachandran S., General Insurance, Insurance Institute of India, Mumbai

5. Arthur C., William Jr., Michael Smith, Peter Young, 1998, Risk Management and

Insurance, 8th Ed., Tata McGraw Hill Publishing Company, New Delhi

6. Tripathy Nalini Prava & Prabir Pal, 2006, Insurance Theory & Practice, 2nd Ed.,

Prentice Hall of India Pvt. Ltd., New Delhi

7. Balachandran S, 2004, Life Insurance, Insurance Institute of India, Mumbai.

Online Reference:

40

1. MOOC Material: How to Save Money: Making Smart Financial Decisions (edX),

Created by: University of California, Berkeley, Delivered by: EdX, Taught by: Terrance

Odean.

2. MOOC Material: Finance for Everyone: Decisions, Created by: McMaster University,


3. MOOC Material: Finance for Everyone: Markets, Created by: McMaster University,


4. MOOC Material: Financial Planning for Young Adults, Created by: University of

Illinois, Delivered by: Coursera, Taught by: Nicholas Paulson.

https://www.mooc-list.com/university-entity/university-california-berkeley


https://www.mooc-list.com/instructor/terrance-odean

https://www.mooc-list.com/instructor/terrance-odean




41

FMEC3 – MANAGERIAL ECONOMICS

Course Aim: The aim of this course is to study the application of analytical tools and

microeconomic concepts and to corporate resource allocation, demand and cost determination,

industry positioning, and to explain the pricing mechanisms.

Course Outcome: On completing the course, the student would be able to

1. Provides knowledge, tools and techniques to make effective economic decisions under

conditions of risk and uncertainly.

2. Determine the factors such as demand and production for pricing criteria.

3. Intends the understanding of various economics, social, legal and other factors that

influence business in India.

5. Analyse the demand and supply conditions and assess the position of a company

6. Design competition strategies, including costing, pricing, product differentiation, and

market environment according to the natures of products and the structures of the markets.

7. Analyse real-world business problems with a systematic theoretical framework, and

8. Make optimal business decisions by integrating the concepts of economics, mathematics

and statistics.



Unit I: Introduction: Nature and Subject Matter of Economics - Classical and Modern View -

Robin’s Contribution and its Critical Estimate - Economics as Positive Science, Normative

science, Applied Science and Arts - Micro and Macro Economics - Relation of Economics with

business.

Unit II: Producer Behaviour: Market – Demand and Supply – Determinants – Market

Equilibrium – Elasticity of Demand and Supply – The Scope of Business Economics to

Problems of Production - Laws of Returns and their Casual and Effectual Significance -

Analysis of Cost – Short-run and Long-run Cost Function – Relation between Production and

Cost Function.

Unit III: Product and Factor Market: Product Market – Perfect and Imperfect Market –

Different Market Structures – Firm’s Equilibrium and Supply – Market Efficiency – Economic

Costs of Imperfect Competition – Factor Market – Land, Labour and Capital – Demand and

supply – Determination of Factor Price – Interaction of Product and Factor Market – General

Equilibrium and Efficiency of Competitive Markets.

Unit IV: Macro Economics: National Income and Economics welfare - Relation Between Size

and Distribution of National Income and Economic Welfare - Business cycles - Theories of

Business Cycle - The Problem of Unified Theory of Business Cycle

Unit V: Supply and Role of Money: Keynsian Theory of Employment - The Problem of Full

Employment - Unemployment and its impact – Okun’s law – Inflation and the Impact –

Reasons for Inflation – Inflation Vs Unemployement Tradeoff – Phillips curve –Supply side

Policy and management- Money market- Demand and supply of money – money-market

equilibrium and national income – the role of monetary policy.



42

References:

Books:

1. Dominic Salvatore, 2018, Managerial Economics in a Global Economy, 1st Edition,

Oxford University Press, New Delhi.

2. Luke Froeb, Brian McCann, Michael Ward, Mike Shor, 2015, Managerial Economics, 4th

Edition, Cengage Learning, United States.

2. Paul A. Samuelson and William D. Nordhaus, 2005, Economics, 18th edition, Tata McGraw

Hill, New York.

3. William Boyes and Michael Melvin, 2005, Textbook of Economics, Biztantra, New Delhi.

4. N. Gregory Mankiw, 2007 Principles of Economics, 3rd edition, Thomson learning, New

Delhi.

5. Richard Lipsey and Alee Charystal, 2008, Economics, 11th edition, Oxford University

Press, New Delhi.

6. P.L.Mehta, 2007, Managerial Economics- Analysis, Problems and Cases, 13th Edition,

Sultan Chand & Sons, New Delhi.

7. Joel Dean, 1972, Managerial Economics, Prentice Hall of India, New Delhi.

Online Reference:

1. Swayam Course Material: Managerial Economics, Created by Bhanu Muthy, Delhi

University.

2. MOOC Material: Introduction to Managerial Economics (edX), Created by:Indian

Institute of Management, Bangalore, Delivered by:EdX, Taught by:Subhashish Gupta

3. MOOC Material: Econ-1: Principles of Economics (Stanford Online), Created

by:Stanford University, Delivered by:Lagunita Stanford Online, Taught by:John B.

Taylor

4. MOOC Material: Principles of Economics with Calculus (edX), Created by:Caltech,

Delivered by: EdX, Taught by: Antonio Rangel

https://www.mooc-list.com/university-entity/indian-institute-management-bangalore

https://www.mooc-list.com/university-entity/indian-institute-management-bangalore


https://www.mooc-list.com/instructor/subhashish-gupta

https://www.mooc-list.com/university-entity/stanford-university

https://www.mooc-list.com/initiative/lagunita-stanford-online

https://www.mooc-list.com/instructor/john-b-taylor

https://www.mooc-list.com/instructor/john-b-taylor

https://www.mooc-list.com/university-entity/caltech


https://www.mooc-list.com/instructor/antonio-rangel

43

FMEC4- I.T. LAB AND PACKAGES FOR BUSINESS

Course Aim: This course will help students to understand the essential elements of computer

hardware and software. It introduces common computer applications including Word and Excel.

This course also aims to provide practical training to the students in the areas like Word, Excel

and Accounting Software Package.

Course Outcomes: At the end of course the student would be able to

1. Apply computer resources for use in business and academics.

2. Understand the basic concepts of Cloud Computing

3. Demonstrate the effective use of search engines to find reliable and relevant internet

resources.

4. Construct business and academic documents using Microsoft Word.

5. Use MS Office software applications in particular MS Excel and MS Access to solve

business problems. Students will need to apply their analytical skills, and

6. Prepare the computerized accounting for inventory, payroll and GST.



Unit I: Cloud Computing: Overview, Applications, Intranet and the Cloud, First Movers on

the cloud, the need for Cloud Computing, Benefits of cloud Computing, Limitations of the

Cloud Computing, security concerns and regulatory issues, over view of different cloud

computing applications which are implemented, Business case for implementing a Cloud.

Unit II: Ms-Word: Introduction – Getting Started MS Word 2007 - Microsoft Office Button –

Quick Access Toolbar – Working with Documents – Page Formatting – Macros.

Unit III: MS-Excel: Introduction – Getting Started MS Excel 2007 – Spreadsheets – Microsoft

Office Button – Ribbon – Quick Access Toolbar – Creating a Work Book – Data – Modifying a

Worksheet – Calculations – Relative, Absolute and Mixed References – Formatting Work

Book.

Unit IV: Accounting Software Packages: Computerized Accounting Vs Manual Accounting -

Introduction to Tally – Accounting Information – Vouchers - Purchase/Sales Orders and

Invoices - Reports

Unit V: Inventory Accounting Using Software Package: – Inventory Information – Pure

Inventory Vouchers – Basic of GST – Overview of GST Law – GST Accounting Entries- Tax

Deduction at Source - Pay Rolls.



Marks: CIA – 25 and ESE – 75 (Out of 75, 45 marks for written and 30 marks for

practical)

(The ESE Theory Examination would be conducted for 75 marks and converted for

45 marks)

44

Reference:

Books:

1. Tally Education Private Limited, 2018, Official Guide to Financial Accounting using

Tally ERP 9, 4th Edition, BPB Publications, New Delhi.

2. Anthony T Velte, Toby J Velte, Robert Elsenpeter, 2009, Cloud Computing a practical

approach, 1st Edition, Tata McGraw – HILL

3. Michael Miller, 2009, Cloud Computing - Web Based application, 1st Edition, Pearson

Education.

4. Alexis Leon, Mathews Leon, 2013, Computer Applications in Business, Vijay Nicole

Imprints Private Limited, Chennai.

5. Sanjay Saxena, 2011, MS Office 2007 in a Nutshell, Vikas Publishing House, New Delhi.

6. Namrata Agrawal, 2011, Tally 9, Dream Tech Press, New Delhi.

7. Parameswaran, R, 2012, Computer Applications in Business, Sixth Edition, Sultan Chand

& Company Ltd, Chennai.

8. Tally accounting packages work notes (2015).

9. Vinod Kumar, GST Made Easy E-Book, Accounting Education,

10. K. Chaudhry, (2017), Tally ERP – 9 Made EasyGlobal Book Shop, New Delhi.

Online Reference:

1. MOOC Material: Mastering Data Analysis in Excel, Created by: Duke University,

Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg

2. MOOC Material: IT Fundamentals for Business Professionals: Enterprise systems,

Created by: UPValenciaX, Delivered by: edX, Taught by: Jaime Busquets

3. MOOC Material: Cloud Computing Concepts, Created by: University of Illinois,

Delivered by: Coursera, Taught by: Indranil Gupta.

4. MOOC Material: Excel Skills for Business: Essentials, Created by: Macquaire,

Delivered by: Coursera, Taught by: Yvonne Breyer.

https://www.mooc-list.com/university-entity/duke-university

https://www.mooc-list.com/instructor/daniel-egger

https://www.mooc-list.com/instructor/jana-schaich-borg

45

FMSC2 - BUSINESS ENVIRONMENT

Course Aim:

The aim of this course is to expose the students to various environment factors related to the

business, develop students’ understanding of the strategic issues and dilemmas that managers

and organizations face when conducting business in an international setting and to give students

exposure to real-world examples of situations in which these issues manifest themselves.

Learning Outcome: At the end of the course, the learners will be able to

1. Understand the competitive and political environment facing businesses.

2. Know the impact of the macro-economic environment on business.

3. Understand the influence of the global economy on business.

4. Analyse the impact of socio-cultural influences and technology on business decisions.

5. Apply the techniques such as Clean Technology, Clean Energy and Carbon footprint in

their own business.

6. Venture into new business and run it successfully with the clear understanding aboput

the business environment.


Unit I: Business Environment: Dynamic factors of environment – Importance of scanning the

environment – Fundamental issues captured in PESTLE– Political, Economic, Socio-cultural,

Technological, Legal and Ecological environment- Opportunities and Threats as environmental

issues to address by Businesses- Policy Environment: Liberalization, Privatization and

Globalization (LPG) - Efficiency and Competition- LPG vis-a-vis Strengths, Weaknesses,

Opportunities and Threats.

Unit II: Political Environment: Government and Business – Political Systems, Political

Stability and Political Maturity as conditions of business growth- Role of Government in

Business: Entrepreneurial, Catalytic, Competitive, Supportive, Regulative and Control

functions- Government and Economic planning: Industrial policies and promotion schemes –

Government policy and MSME – Interface between Government and Public sector- Good

Governance and Great Environment.

Unit III: Economic Environment: Phase of Economic Development and its impact- GDP

Trend and distribution and Business opportunities- Monetary System and Business capital:

Quantum, Types, Risk and Cost- Role of Banks; Role of Financial Institutions- Role of Central

Bank- Fiscal System: Government Budget and Taxation Measures- Fiscal Deficits and

Inflation- FDI and Foreign collaboration –Foreign Capital tapping by businesses- Export-Import

policy – Foreign Exchange and Business Development.

Unit IV: Social and Technological Environment: Societal Structure and Features-

Entrepreneurial Society and its implications for business – Social and cultural factors and their

implications for business- Technology Development Phase in the Economy as conditioner of

Business opportunity- Technology Policy- Technology Trade and transfer- Technology Trends

in India- Role of Information Technology – Clean Technology.

46

Unit V: Legal Environment: Legal Environment as the all enveloping factor from inception,

location, incorporation, conduct, expansion and closure of businesses- Legal Aspects of

Entering Primary and Secondary Capital Markets- Law on Patents- Law on Consumer

Protection- Law on Environmental Protection- Need for Clean energy and Reduction of Carbon

footprint.



Reference:

Books: 1. Ferrera, Alexander, Kirschner, Wiggins, and Darrow, 2018, The Legal and Ethical Environment of

Business: An Integrated Approach, 2nd Edition, Wolters Kluwer, New York.

2. Steiner & Steiner,2008, Business, Government and Society: A Managerial Perspective, McGraw-Hill,New

York.

3. C.B.Gupta, 2016, Business Environment, S.Chand and Co. New Delhi.

4. Mohinder Kumar Sharma, 1990, Business Environment in India, South Asia Books.

5. Francis Cherunilam, 2015, International Business Environment, Himalaya Publishing House,

Mumbai.

6. Adhikary M, 2004, Economic Environment of Business, Sultan Chand & Sons, New Delhi.

7. Amarchand D, 1991, Government and Business, Tata Mc-Graw Hill Publications.

Online Reference:

1.MOOC Material: Understanding Modern Business & Organizations (FutureLearn), Created

by: University of Strathclyde, Delivered by:FutureLearn, Taught by: Viktor Dorfler.

2. MOOC Material: International Business Environment and Global Strategy(edX),Created

by: Indian Institute of Management, Bangalore, Delivered by:EdX, Taught by: Sushil

Vachani.

3. MOOC Material: The Global Business Environment: Evolution and Dynamics, Created

by: Coventry University, Delivered by: Future Learn, Taught by: Abdoulie Sallah

4. MOOC Material: International Environmental Law, Created by: University of California,

Delivered by: World Mentoring Academy, Taught by: Cymie Payne.

47

CCMF2 - MUTUAL FUNDS: THE REGULATORY FRAMEWORK

The detailed syllabus for this course is given in the Regulation and Syllabus for Certification Course

on Mutual Funds

48

FMFC3- SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT

Course Aim: The course aims to advance the understanding of fundamental concepts of

finance, financial markets and market participants, valuation techniques of financial

instruments, and working knowledge of portfolio management

Course Outcome: At the end of the Course, the student would be able to

1. Understand the basic structure and working of primary and secondary financial markets in

India and conversant with computation of risk and return measures for financial instruments.

2. Maintain ethical standards in stock market investment.

3. Use valuation models to estimate the value of stocks, bonds, and derivative instruments.

4. Analyse individual companies as to their financial condition, growth prospects, and relative

valuation.

5. Get through the Qualifying Examinations conducted by BSE and NSE to work in Securities

Market.

6. Recommend the various alternatives available for investment to the prospective investors



Unit I: Investments – Investment vs. Speculation, Investment Process, Investment categories,

Risk and Return, Factors Influencing Risk, Measuring Risk and Return, Valuation of Equity:

Dividend Discount Models, Price/Earnings Approach, Introduction to Green Investing.

Unit II: Fundamental Analysis: Economic analysis: Key Macroeconomic Factors. Industry

analysis: Industry Life Cycle Analysis, Analysing the Structure and Characteristics of an

Industry, Profit Potential of Industries. Company Analysis: Analyzing the Financial Statements,

The Chemistry of Earnings, Forecasting via the Earnings Model, Market Share/Profit Margin

Approach, Independent Forecast of Revenue and Expenses.

Unit III: Technical Analysis: Charles Dow Theory – Trends of Market – Trend Continution

Pattern – Trend Reversal Patterns - Various Price and Volume Indicators; Market Indicators,

Interpretation of various types of trends and indices; Forecasting Individual Stock Performance.

Unit IV: Efficient Market Theory: Random walk, The Efficient Market Hypothesis. Portfolio

Analysis: Effects of combining securities, Markowitz’s Mean- Variance model, Portfolio

Selection: Risk and investor preferences, Constructing the portfolio, Significance of beta in the

Portfolio.

Unit V: Portfolio Management: Portfolio management process, evaluations. Capital Market

Theory: CAPM, Arbitrage Pricing Theory.

Performance Evaluation: Sharpe Index, Treynor Index, Jensen’s Model, Fama.




49

Reference:

Books:

1. Russ Koesterich, 2018, Portfolio Construction for Today’s Markets, 1st Edition, Harriman

House Limited, UK.

2. John Bonner, Marcus Rees, 2015, Portfolio Management, (1st Edition), A Market-Class

guide to Investment Management, Harriman House Limited.

3. Donald E. Fischer and Ronald J. Jordan, 2000 Security Analysis and Portfolio

Management, (6th Ed.), Prentice Hall of India.

4. Prasanna Chandra, 2006, Investment Analysis and Portfolio Management,(3rd Edition).

Tata McGraw Hill International.

5. R.J. Fuller and J.L. Farr elm 1987, Modern Investments and Security Analysis, McGraw

Hill International.

6. Jack Clark Francis, 1976, Investments: Analysis and Management,(2rd ed), McGraw Hill

International.

7. Strong, Robert A, 1993, Portfolio Construction, Management and Protection,(6th ed)

West Publishing Company..

8. Gagari Chakrabarti, Chitrakalpa Sen, 2015, Green Investing: The Case of India, Springer,

London.

Online Reference:

1. MOOC Material: Finance for Everyone: Decisions, Created by: McMaster University,


2. MOOC Material: Finance for Everyone: Markets, Created by: McMaster University,




4. MOOC Material: Introduction to Investments, Created by: IIM Bangalore, Delivered

by: edX, Taught by: S.G. Badrinath.





50

FMCC8 - BUSINESS RESEARCH METHODS

Course Aim: The course aims to give students a broad understanding of research methodology,

including qualitative and quantitative methods. The course also aims to give students skills for

critical reading of research literature and for preparing them to do their main project.

Course Outcomes: At the end of course, the students would be able to

1. Apply a range of quantitative and / or qualitative research techniques to business and

management problems / issues.

2. Prepare a preliminary research design for projects in their subject matter areas

3. Accurately collect, analyze and report data

4. Analyze a set of data, using standard procedures of qualitative and qualitative research.

5. Critically evaluate and interpret information, and

6. Get encouragement to join research degrees.



Unit I: Introduction to Business Research: Meaning – Types of Research – Process of

Research – Research Applications in Business Decisions – Features of a Good Research Study

– Formulation of the Research Problem and Development of the Research Hypotheses –

Research Design: Exploratory and Descriptive.

Unit II: Sampling Methods: Sampling Concepts – Sample Vs Census – Sampling Vs Non

Sampling Error – Sampling Design – Probability Sampling Design – Non- probability Sampling

Design – Determination of Sample Size.

Unit III: Data Collection and Data Processing: Primary and Secondary data – Interviewing –

Questionnaires – Questionnaire Design – Secondary Sources of data collection – Merits and

limitations – Standard Data – Government Department Records – Organisational Records –

Journals – Books – Sources of online data – RBI database – Bloomberg Database – CMIE

database – Capital line Database.

Unit IV: Data Analysis Through Statistical Software: Testing of Hypotheses - Analysis of

Variance – Non-Parametric Test - Multiple Regression & Correlation – Factor Analysis –

Discriminant Analysis.

Unit V: Report Writing: Importance of Report Writing – Types of Research Report – Report

Preparation and Presentation – Report Structure – Report Formulation – Guidelines for

Effective Documentation – Oral Presentation.



Reference:

Books:

1. Mark Easterby – Smith, Richard Thorpe, Paul R. Jackson and Lena J. Jaspersen, 2018,

Management and Business Research, 6th Edition, Sage Publishing.

2. Joseph F. Hair Et al., 2015, Essentials of Business Research Methods, (2nd Edition),

Routledge.

51

3. Deepak Crawl and Neena Sondhi, 2011, Research Methodology – Concepts and Cases,

(2nd ed) Vikas Publishing House.

4. Donald R.Cooper and Pamela S.Schindler, 2000, Business Research Methods,

(6th Ed.), Tata McGraw Hill Publishing Company Limited.

5. D.K. Bhattacharyya, 2003, Research Methodology, (1st Ed.), Excel Books.

6. C.R.Kothari, 2001, Research Methodology, Wishva Prakashan Publication.

7. William G. Zikmund, 2003Business Research Methods,(7th Ed)., Thomson-South-

Western.

8. William M.K.Trochim, 2008, (2nd Ed.), Research Methods, BIZTANTRA.

Online Reference:

1. MOOC Material: Understanding Research Methods, Created by: University of

London, Delivered by: Coursera, Taught by: J. Simon Rofe and Yenne Lee.

2. MOOC Material: Fundamentals of Quantitative Modelling, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Richard Waterman.


Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg.

4. MOOC Material: Introduction to Spreadsheets and Models, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Don Huesman.



https://www.coursera.org/instructor/rwaterman





52

FMCC9 - FINANCIAL MODELLING

Course Aim: The aim of this course is to develop modelling ability for the aspects viz.,

financial statement analysis, financial planning, principles of valuation, capital structure,

investment management and operations research techniques. This course also aims to provide

practical training to the students in the financial modelling using MS Excel.

Course Outcomes: At the end of this course, students should be able to:

1. Design and construct useful and robust financial modelling applications.

2. Learn and use financial forecasting.

3. Use several of the support tools and techniques in spreadsheet programs.

4. Use and develop spreadsheet based solutions to financial problems.

5. Act as a financial modeller by applying the concepts and principles of financial

modelling.

6. Act as a successful entrepreneur by finding effective business solutions using financial

modelling.



Unit I: Introduction: Meaning- Objectives- Introduction to Design- Features of Model-

Number format – line and border, colour and pattern- Data Validation- Controls- Conditional

formatting – Functions – Graphics –Scenario – Goal Seek.

Unit II: Financial Modelling for Accounting: Analyzing Performance: Profit and Loss,

Balance Sheet, Ratios - Variance Analysis: Cash Flow Budgets, Monthly Cash Model, Flash

Report and Graphics - Breakeven Analysis, Operating Leverage, Financial Leverage, Combined

Leverage – Depreciation: Straight Line, Sum of Digits, Declining Balance, Amortisation,

Comparison.

Unit III: Financial Modelling for Financial Management: Cost of Capital: Capital Asset

Pricing Model, Dividend Growth Model, Cost of Debt, Cost of Preference Shares, Weighted

Average Cost of Capital, Marginal Weighted Average Cost of Capital - Capital Budgeting –

Time Value of Money – Capital Structure.

Unit IV: Financial Modelling for Investment Management: Company Valuation: Assets,

Adjusted Assets, Gordon’s Growth Model, Market-based – Bond: Pricing, Yield Measures,

Duration and Modified Duration, Convexity and Sensitivity, Portfolio Duration – Portfolio

analysis: Determining risk and return, expected portfolio return – Risk Analysis: Risk adjusted

rate, Variation, Standard Deviation, Coefficient of Variation.

Unit V: Financial Modelling for Operations Research: Linear Regression – Forecasting

Models: Historic Forecasts, Trend lines, Data smoothing, Cyclicality and Seasonality – Linear

Programming – Profit Maximisation – Probability concepts – Decision Tree Model.



53

Reference:

Books:

1. John S. Tija, 2018, Building Financial Models: The Complete Guide to Designing,

Building, and Applying Projections Models, 3rd Edition, Mc Graw Hill Professional.

2. Alexis Leon, Mathews Leon, 2013, Computer Applications in Business, (15th ed),Vijay

Nicole Imprints Private Limited.

3. Sanjay Saxena, 2011, MS Office 2007 in a Nutshell, (1st ed),Vikas Publishing House.

4. Namrata Agrawal, 2011, Tally 9, (1st ed),Dream Tech Press.

5. Parameswaran, R. 2012, Computer Applications in Business,(6th Edition),Sultan Chand &

Company Ltd.

6. Tally accounting packages work notes.

7. Alastair L.Da., 2008, Mastering Financial Modelling in Microsoft Excel (2nd Edition) A

practitioner's guide to applied corporate finance,

8. Ruzbeth J.Bodhanwala, 2003, Learning Financial Management Using Financial

Modelling, Taxmann Allied Services Pvt. Ltd.

9. Michael Rees, 2018, Principles of Financial Modelling: Model Design and Best

Practices ,wiley publications since 1807.

Online Reference:


Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg

2. MOOC Material: Fundamentals of Quantitative Modelling, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Richard Waterman.

3. MOOC Material: Introduction to Spreadsheets and Models, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Don Huesman.

4. MOOC Material: Data, Models and Decisions in Business Analytics (edX), Created by:

Columbia University ColumbiaX, Delivered by: EdX Taught by: Costis Maglaras and

Vineet Goyal.

Marks: CIA – 25 and ESE – 75 (Out of 75, 45 marks for written and 30 marks for practical)

(The ESE Theory Examination would be conducted for 75 marks and converted for 45 marks)





https://www.coursera.org/instructor/rwaterman



https://www.mooc-list.com/university-entity/columbiax


https://www.mooc-list.com/instructor/costis-maglaras

https://www.mooc-list.com/instructor/vineet-goyal

54

FMCC10- FINANCIAL SERVICES AND MARKETS

Course Aim: This course aims to describe and apply financial concepts, theories, and tools

relating to financial markets and financial institutions.

Course Outcomes: The students, after completing this course, would be able to

1) Understand the role, scope and growing contribution of financial services in the service

sector of the economy.

2) Critically examine the position of Indian Financial System.

3) Understand the procedure and guidelines for new issue.

4) Comprehend the recent developments in the secondary market.

5) Start the business by utilizing the appropriate financial services.

6) Analyse the new issues made in the equity and debt.



Unit-I: Indian Financial System: Functions of the Financial System – Financial Concepts –

Financial Assets – Financial Intermediaries – Financial Markets Classification – Financial Rates

of Return – Financial Instruments – Development of Financial System in India – Legislative

Support – Weakness of Indian Financial System.

Unit-II: New Issues Market: Meaning and Advantages– New Issue Market and Stock

Exchange – Functions – General Guidelines for New Issue – Methods of Floating – Players –

Recent Trends.

Secondary Market: Stock Exchanges – Listing of Securities – Registration of Stock Brokers –

Method of Trading in Stock Exchange – Defects of Capital Market – Recent Developments.

Unit-III: Merchant Banking: Definition, Origin of Merchant Banking – Merchant Banking in

India - Merchant Banks and Commercial Banks – Services of Merchant Banks – Qualities

required for Merchant Bankers – Guidelines – Market Making Process – Progress, Problems

and Scope of Merchant Banking in India.

Mutual Fund: Meaning, types, SIP, functions, advantages, private and public sector mutual

funds, growth of mutual funds in India.

Unit-IV: Leasing financing: Definition, Steps, Types, History and Development of Lease

Finance – Legal Aspects – Contents of Lease Agreement – Accounting Treatment of Lease –

Structure, Problem and Prospects of Leasing Industry.

Hire Purchase: Features - Legal Position – Hire Purchase and Installment Sale – Hire Purchase

and Leasing – Origin and Development – Banks and Hire Purchase Business – Bank Credit.

Unit-V: Factoring: Discounting – Meaning, Functions, Types, Cost and Benefit of Factoring –

Factoring in India and Abroad - Credit Rating: Mechanism, Role of CRISIL and other

institutions – Business Process Outsourcing in Financial Sector.



Reference:

Books:

55

1. Sundar Sankaran, 2018, Indian Mutual Funds Handbook, 5th Edition, Vision Books Private

Limited, New Delhi.

2. Keith Dickinson, 2015, Financial Markets Operations Management,1st edition, John

Wiley & Sons.

3. Gordon and Natarajan, 2001, Financial Markets and Services, 2nd edititon, Himalaya

Publishing House.

4. Jeff Madura, 2001, Financial Markets and Institutions, 5th Edition, South-Western College

Publishing.

5. Vasant Desai, 2017, The Indian Financial System, 5th Edition, Himalaya Publishing House.

6. Varshney P.N., and D.K. Mittal, 2000, Indian Financial System, 2nd Edition, Sultan Chand

& Sons.

7. Bhole L.M, 1999, Financial Institutions and Markets, 3rd Edition, Tata McGraw Hill,

8. Khan, M.Y, 1998 Financial Services,7th Edition, Tata McGraw Hill.

Online Reference:



2. MOOC Material: Global Financial Markets and Instruments, Created by:Rice

University, Delivered by: Coursera, Taught by: Arzu Ozoguz.

3. MOOC Material: Financial Markets, Created by: Yale University, Delivered by:

Coursera, Taught by: Robert Shiller.

4. MOOC Material: FinTech and the Transformation in Financial Servcies, Created

by: Cophenhagen Business School, Delivered by: Coursera, Taught by: Jonas

Headman and Stefan Henningsson.


https://www.coursera.org/instructor/arzuozoguz

https://www.coursera.org/instructor/bobshiller

56

FMCC11 - MANAGEMENT INFORMATION SYSTEMS

Course Aim: The aim of this course is to introduce the students to the Management

Information Systems and its application in organizations. The course would expose the students

to the managerial issues relating to information systems and help them identify and evaluate

various options in Management Information Systems.

Course Outcomes: The students at the end of the course would be able to

1. Describe the role of information technology and information systems in business

2. Record the current issues of information technology and relate those issues to the firm

3. Reproduce a working knowledge of concepts and terminology related to information

technology

4. Demonstrate effective communication with individuals, teams, and large groups

5. Act as the effective financial manager by applying analytical and critical thinking skills

to make an appropriate business related decisions, and

6. Distinguish and analyze ethical problems that occur in business and society



Unit – I: Fundamentals of Information Systems: Concept of Information – Concept of

System, Sub-system, system approach – Information system – Tools for information System -

Meaning and Definition of MIS - MIS design, Development, Implementation and Maintenance.

Unit – II : Information Technology Concepts & Architecture: Computer Hardware - Trends

in computer Hardware Computer peripherals - Computer software – system software: OS,

DAMS, OOPS – Application software: spread sheet – graphic packages. Database management

– File management – Database models - Database management system.

Unit–III: Telecommunications and Networks: Trends in Telecommunication–

Telecommunication Network Model – Types of telecommunication networks –

Telecommunication Media – Processors – Network Topologies – Network Architectures and

protocols.

Unit – IV: Information system applications: Information system for Business functions-

Accounting, Finance, Manufacturing and Inventory control, Marketing - Human resource

Information System.

Unit – V: Strategic Implications of Information system: Managing information system

resources – TPS – Office automation – Decision support system – Executive Information

System – Artificial Information system.

57



Reference:

Books:

1. Zenon S. Zannetos, 2018, Management Information Systems and the Management

Process: New Directions , Fb&c Limited.

2.James O‟Brien, 2017, Management Information Systems,10th edition,Tata McGraw Hill

Publishing Company Limited, Noida, UP.

3.L.M.Prasad & Usha Prasad, 2012, Management Information Systems,2nd edition, S.Chand &

Sons Publisher, New Delhi.

4.A.K.Gupta, 2000, Management Information Systems, S.Chand & Sons Publisher, New Delhi.

5.Kenneth C.Laudon & Jane P.Laudon,2015,Management Information Systems,14th edition,

Prentice Hall Pvt Ltd, New Delhi.

6.Dr.Sushila Madan, 2011, Management Information and Control Systems, Taxmann

Publications, New Delhi.

7.Waman S Jawadekar, 2017, Management Information Systems,4th edition, Tata McGraw Hill

Publishing Company Limited, Noida, UP.

8.D.P.Goyal, 2011, Management Information Systems, 4th edition, Mac Millan, London, UK.

Online Reference:

1. MOOC Material: Introduction to Systems Engineering, Created by: The University of

New South Wales, Australia, Delivered by: Coursera, Taught by: Dr Mike Ryan, Dr Ian

Faulconbridge.

2. MOOC Material: Fundamentals of Management, Created by: University of California,

Delivered by: Coursera, Taught by: Dave Nagy.

3. MOOC Material: Management Fundamentals, Created by: University of Pennsylvania,

Delivered by: Coursera, Taught by: Michael Useem and Peter Cappelli.

4. MOOC Material: Database Management Essentials, Created by: University of Colorado

System, Delivered by: Coursera, Taught by: Michael Mannino.

https://www.google.co.in/search?tbo=p&tbm=bks&q=inauthor:%22Zenon+S.+Zannetos%22


https://www.coursera.org/instructor/mryan




58

FMEC5 -CORPORATE TAX MANAGEMENT

Course Aim: The course aims to help students to comprehend the basic principles and laws

governing Direct taxes relating to business.

Course Outcome: At the end of the course, the students would be able to

1. Understand the basic concepts relating to taxation.

2. Calculate the Residential status and Tax incidence, Incomes exempt from tax.

3. Describe how the provisions in the corporate tax laws can be used for tax planning.

4. Identify different types of incomes and their taxability and expenses and their

deductibility,

5. Work in a better way in Chartered Accountant Firm, and

6. Understand and apply the tax consideration relating to specified managerial decisions

and special areas.



Unit I: Introduction: Basic Concepts, Assessment year, Previous year, Person, Assessee,

Income, Gross Total Income, Total Income, Capital Asset, Capital Receipts Vs Revenue

Receipts, Capital Expenditure Vs Revenue Expenditure, Residential status and Tax

incidence, Incomes exempt from tax.

Unit II: Business Income: Computation of Profits and Gains of Business or Profession,

General Principles, Deductions and Allowances, Deemed Profits, Income from undisclosed

sources, Valuation of stock.

Unit III: Taxation of Companies: Definitions of Indian Company, Domestic Company,

Foreign Company, Industrial Company, Widely held company, closely held company,

Investment Company, Consultancy Service Company and Trading Company. Deductions

available to Company, Minimum Alternate Tax, Carry forward and set-off of losses in case

of certain companies, Tax on undistributed profits on domestic companies.

Unit IV: Tax Consideration in specified Managerial Decisions and their implications on

cash flow, make or buy, own or lease, retain or replace, export or domestic sales, shutdown

or continue, purchase by installment or hire.

Unit V: Tax Consideration in Special Areas: Foreign Collaboration Agreements,

Mergers, Amalgamation, Reconstructions and Acquisitions, Capital Structure and Dividend

Policy, Depreciation and Other Allowances, New Industrial undertakings and tax relief.




59

Reference:

Books:

1.Vinod, K. Singhania, and Kapil Singhania, 2015, Direct Taxes: Law and Practice, (60th

ed), Taxmann publications, New Delhi.

2. Lakhotia, R.N., and S. Lakhotia, 2004, Corporate Tax Planning Hand Book, Vision

Books, New Delhi.

3. Dr.H.C.Mehrotra and Dr.S.P.Goyal, 2018, Corporate Tax Planning and Management

(Assessment Year 2015 – 2016 and 2016 – 2017), (13th Ed) Sahitya Bhawan Publication.

4. Kanga and Palkivala, 1976, Law & practice of Income Tax, (Volume 2), N.M. Tripathi.

5. Bhagwati Prasad, 1899, Income Tax Law and Practice: Central Sales Tax Act Included,

New Age International Pub (6 February 2036).

6. Lal, B.B, N.Vashisht, 2012, Direct Taxes: Income Tax Wealth Tax and Tax Planning,

(30th Ed), I K International Publishing.

Online Reference:

1. MOOC Material: Rethinking International Tax, Created by: Universiteit Leiden,

Delivered by: Coursera, Taught by: Prof.Dr.SjoerdDouma.

2. MOOC Material: Taxation of Business Entities I: Corporations, Created

by: University of Illinois at Urbana-Champaign, Delivered by: Coursera, Taught

by: Michael P Donohoe, PhD, CPA.

3. MOOC Material: M & A: Concepts and Theories, Created by: Newyork Institute of

Finance, Delivered by: Coursera, Taught by: Jeff Hooke.

4. MOOC Material: Corporate Financial Policy, Created by: University of Michigan,

Delivered by: Coursera, Taught by: Amiyatosh Purnanandam.

https://www.coursera.org/instructor/sjoerddouma

https://www.coursera.org/instructor/michael-p-donohoe

https://www.class-central.com/university/leiden




60

FMEC6 – FOREIGN EXCHANGE MANAGEMENT

Course Aim: This course aims to educate the students on international financial environment,

foreign exchange transactions, exchange control, methods of international payments and

financing foreign trade.

Course Outcomes: At the end of the course, the students would be able to

1. Understand the concept of Foreign Exchange.

2. Calculate the appropriate forward rates by understanding the functioning of foreign exchange

market and its transactions.

3. Know the Evolution of foreign exchange market and foreign exchange System.

4. Get thorough knowledge about the financing of foreign trade and methods of trade payments.

5. Involve in Export and Import trade with the knowledge on its procedure, and

6. Mobilise finance for foreign trade from different sources.



Unit I: Meaning of Foreign Exchange: Administration of foreign exchange – Functions of a

foreign exchange department – Foreign currency accounts: Nostro Account and Vostro

Account.

Unit II: Foreign Exchange Transactions: Spot and forward deals for the purchase of sale of

foreign currencies – Selection of buying and selling rates and calculation of appropriate forward

rates – Causes of fluctuations in exchange rates – Effects – Liberalised Exchange Rate

Mechanism (LERMS) – Full convertibility of currency – Unified Exchange Rate System

(UERS) – Full convertibility – SWIFT.

Unit III: Exchange Control: Objectives – Methods – Exchange control regulations relating to

exports and imports – Foreign Exchange Management Act, 1999 – India’s foreign exchange

problems – India’s recent foreign trade policy.

Unit IV: Methods of International Payments: Instruments issued by correspondent banks –

Foreign traveller’s cheques – Foreign inward remittance payment system – Methods of settling

debts in international trade – Letter of Credit: Meaning – Features – Mechanism – Types –

Advantages – Responsibilities and liabilities of parties – Uniform customs and practice for

documentary credits.

Unit V: Management of Foreign Trade Credit: Financing exports – Packing credit advances

– Purchase and negotiation of bills – Collection of export bills – Advance against bills under

collection – Incentives – Financing deferred payment and turnkey projects – Other services to

exporters - Financing of Imports: Opening a letter of credit – Payment of import bills – Import

trust receipt – Deferred payment imports – Loan syndication – EXIM bank – Export Credit

Guarantee Corporation of India.



61

Reference:

Books:

1. William D. Gerdes, 2018, The Basics of Foreign Exchange Market: A Monetary Systems

Approach, 2nd Edition, Business Expert Press.

2. Williams L. Richards, 2015, Currency: Fundamentals and Functions, (First Edition)

Design Pub.

3. Chatterjee AK, 1980, Principles of Foreign Exchange, (Vol.I & II), Himalaya Publishing

House Mumbai.

4. Jeevanandam C, 2012, Foreign Exchange – Practice, Concepts and Control, (15th Ed),

Sultan Chand & Sons, New Delhi.

5. Andley KK & Mattoo VJ, Foreign Exchange: Principles and Practice, Sultan Chand &

Sons, New Delhi.

Online Reference:

1. MOOC Material: International Finance, Created by: Marginal Revolution University,

Delivered by: MRUniversity, Taught by: Alex Tabarrok and Tyler Cowen.

2. MOOC Material: International Business I, Created by: University of New Mexico,

Delivered by: Coursera, Taught by: Doug E Thomas.

3. MOOC Material: Foreign Exchange Markets – Instruments, Risks and Derivatives,

Created by: IIM Bangalore, Delivered by: Coursera, Taught by: P C Narayan

4. MOOC Material: Forex Trading for Beginners, Created by: Investoo.com, Delivered

by: Investoo.com, Taught by: Cory Mitchell.

https://www.mooc-list.com/university-entity/marginal-revolution-university

https://www.mooc-list.com/initiative/mruniversity

https://www.mooc-list.com/instructor/alex-tabarrok

https://www.mooc-list.com/instructor/tyler-cowen

https://www.mooc-list.com/university-entity/university-new-mexico


https://www.mooc-list.com/instructor/doug-e-thomas





62

FMSC3 - ENTREPRENEURSHIP DEVELOPMENT

Course Aim:

The aim of the course is to make the students to develop and can systematically apply an

entrepreneurial way of thinking that will allow them to identify and create business

opportunities.

Course Outcome

After the completion of the course, the students will be able to

1. Have the ability to discern distinct entrepreneurial traits

2. Know the parameters to assess opportunities and constraints for new business ideas

3. Design strategies for successful implementation of ideas

4. Analyse the business environment in order to identify business opportunities

5. Start entrepreneurship by anlysing legal and financial conditions for starting a business

venture, and

6. Evaluate the effectiveness of different entrepreneurial strategies.


Unit I: Fundamentals of Entrepreneurship: Meaning, Definition and concept of Enterprise,

Entrepreneurship and Entrepreneurship Development, Evolution of Entrepreneurship, Theories

of Entrepreneurship. Characteristics and Skills of Entrepreneurship, Concepts of

Intrapreneurship, Entrepreneur v/s Intrapreneur, Entrepreneur Vs. Entrepreneurship,

Entrepreneur Vs. Manager, Role of Entrepreneurship in Economic Development, Factors

affecting Entrepreneurship, Problems of Entrepreneurship

Unit II: Entrepreneurial Environment: Internal and external environment forces conditioning

entrepreneurship –Psychological, Social, Cultural, Political, Legal and Economic Forces- Entrepreneurship Development Phases: Attitude, Capability, Culture and Society- Entrepreneurship

Development Programs- Family Business Groups and Entrepreneurship in India

Unit III : Role of Government in promoting Entrepreneurship: MSME policy in India,

Agencies for Policy Formulation and Implementation: District Industries Centers (DIC), Small

Industries Service Institute (SISI), Entrepreneurship Development Institute of India (EDII),

National Institute of Entrepreneurship & Small Business Development (NIESBUD), National

Entrepreneurship Development Board (NEDB), Financial Support System: Forms of Financial

support, Long term and Short term financial support, Sources of Financial support,

Development Financial Institutions, Investment Institutions

Unit IV: Women and Social Entrepreneurship: Meaning, Characteristic features, Problems

of Women Entrepreneurship in India, Developing Women Entrepreneurship in India, Concept

of Social Enterprise and Social Entrepreneurship, Social Entrepreneurs, Sustainability Issues in

Social Entrepreneurship, Rural Entrepreneurship, Family Business Entrepreneurship, Concepts

of Entrepreneurship Failure, Issues of Entrepreneurial failure, Fading of Entrepreneurial success

among once leading corporate groups, Entrepreneurial resurgence, Reasons of Entrepreneurial

Failure, Essentials to Avoid Unsuccessful Entrepreneurship.

Unit V: Formulating and Launching Entrepreneurial Ventures: Developing Business propositions-

Preparing Project Proposal and Report- Identifying Suppliers, Financiers, Business Process Partners-

63

Knowledge of Competition and strategy for dealing with competition- Business Establishment:

Clearances and Documents- Planning for Contingencies



Reference:

Books:

1. David Chitakunye, Amandeep Takhar, 2018, Examining the Role of Women

Entrepreneurs in Emerging Economies, IGI Global, USA.

2. NVR Naidu and T.Krishna Rao, 2010, Management and Entrepreneurship, I.K.

International Publishing House Pvt. Ltd, New Delhi

3. S Anil Kumar, 2008, Small Business and Entrepreneurship, I.K. International

Publishing House Pvt. Ltd, New Delhi

3. Balraj Singh, 2005, Entrepreneurship Development, Wisdom, New Delhi

4. Timmons and Spinelli, 2016, New Venture Creation : Entrepreneurship for 21st

Century, Tata McGRaw Hill Publishing Company New Delhi

5. C.V. Bakshi, 2001, Entrepreneurship Development, Excel Publications.

6. Vasant Desai, 2001, Dynamics of Entrepreneurial Development and

Management, Himalaya Publishing House, Mumbai.

Online Reference:

1. MOOC Material: Entrepreneurship I: Principles and Concepts, Created by University

of Illinois, Delivered by Coursera, Taught by: Patrick James Murphy.

2. MOOC Material: Essentials of Entrepreneurship: Thinking & Action, Created by

California, Irvine, Delivered by: Coursera, Taught by: David Standen.

3. MOOC Material: Entrepreneurship and Family Business, Created by RMIT

University, Irvine, Delivered by: Open2study, Taught by: Leon Levin.

4. MOOC Material: Entrepreneurship 4: Financing and Profitability, Created by

University of Pennsylvania, Delivered by Coursera, Taught by: David Bell and Karl T.

Ulrich.

https://www.mooc-list.com/university-entity/university-pennsylvania

https://www.mooc-list.com/instructor/david-bell

https://www.mooc-list.com/instructor/karl-t-ulrich

https://www.mooc-list.com/instructor/karl-t-ulrich

64

CCMF3 - MUTUAL FUNDS: RISK AND PERFORMANCE ANALYSIS


Course on Mutual Funds

65

FMFC4 - PROJECT APPRAISAL AND EVALUATION

Course Aim: The course aims at imparting to the students knowledge of principles of

processes commonly used in project management. It will cover the tools and techniques for

identification, analysis, design, implementation, monitoring and evaluation of programmes

and projects from the point of view of all stakeholders.

Course Outcomes: After completion of the course, the students will be able to 1. Study the Appraisals in the investment strategies.

2. Study the investment and Financing Aspects.

3. Study the Development of Financial Cash Flows and Cost benefit analysis.

4. Develop the profitability projections.

5. Prepare the strategic analysis for managing risk, and

6. Prepare feasible project proposals to start a new venture.



Unit I: Introduction: Capital Expenditure, Importance and Difficulties, Objectives,

Resource allocation, Criteria, Investment Strategies, Generation and Screening of Investment

ideas.

Unit II: Project Analysis: Market and Demand Analysis; Technical analysis; Financial

Estimates and Projections – Feasibility Analysis

Unit III: Special Decision Situations: Choice Between Mutually Exclusive Projects of

Unequal Life; Optimal Timing, Determination of Economic Life; Interrelationship between

Investment and Financing Aspects; Inflation and Capital Budgeting.

Unit IV: Social Cost Benefit Analysis: Rationale; UNIDO approach; Net Benefit in terms

of Economic (Efficiency) Prices; Measurement of the Impact on Distribution; Savings

Impact and its Value; Income Distribution Impact; Adjustment for Merit and Demerit

Goods; Little Mirrlees Approach; Shadow Prices; SCBA by Financial Institutions.

Unit V: Implementation: Project Organization, Project Planning, Project Control, Pre-

requisites for Successful Project Implementation, Network techniques: Development of

Project Net Work, Time Estimation, Scheduling, PERT, CPM, Network Cost System.

Project Review: Performance Evaluation, Abandonment Analysis, Administrative aspects

in Capital Budgeting.



Weightage in Question Paper: Problems-50% and Theory – 50%.

Project Report at business firms should be given as Assignment for evaluation

of CIA Marks.

66

Reference:

Books:

1. Jack Alexandar, 2018, Financial Planning & Analysis and Performance Management, Wiley

Finance Series.

2. Marghin E. and A.K. Sen, 1972, Guideline for Project Evaluation, UNIDO, New York

3. Little I.M.D. and S.A. Mirrlees, 1974, Project Appraisal and Planning for Developing

Countries, Heimann, London.

4. Clark J.C., T, J. Hindelang, and R.E. Pritchard, 1979, Capital Budgeting: Planning and Control

of Capital Expenditure, Prentice Hall, New Delhi.

5. P.C.K. Rao, 2014, Project Management, Sultan Chand & Sons, New Delhi.

6. Prasanna Chandra, 2014, Projects: Planning, Analysis, Selection, Implementation & Review,

Tata McGraw Hill, New Delhi.

7. Harold Kerzner, 2015, Project Management 2.0, John Wiley and Sons.

8. Ambrish Gupta, 2017, Project Appraisal and Financing, Eastern Economy Edition, PHI

Learning Pvt. Ltd, New Delhi.

Online Reference:

1. MOOC Material: Initiating and Planning Projects, Created by: University of

California, Irvine, Delivered by: Coursera, Taught by: Margaret Meloni.

2. MOOC Material: Fundamentals of Project Planning and Management, Created

by: Darden School of Business, University of Virginia, Delivered by: Future Learn,

Taught by: Yael Grushka-Cockayne.

3. MOOC Material: Project Management for Managers, Created by: IIT Roorkee,

Delivered by: Swayam, Taught by: Mukesh Kuma Barua.

4. MOOC Material: Project Planning and Control, Created by: IIT Madras, Delivered

by: Swayam, Taught by: Koshy Varghese.

67

FMCC12 - DERIVATIVES AND RISK MANAGEMENT

Course Aim: The aim of the course is to understand issues pertaining to pricing and hedging

with options on individual stocks and indices, to examine forwards and futures contracts for

equity indices and commodities and to analyze second generation derivative products such as

interest rates and the management of credit risks.

Course Outcomes: At the end of this course, the students should be able to:

1. To describe, analyses, evaluate and understand the derivative securities

2. To understand and gain knowledge about the valuation and implication of risk

management through derivatives.

3. Gain knowledge on mechanics of Future contract, Forward contract, Swaps and

Options

4. Gain complete knowledge of analysing the asset price option dynamics using

binomial option pricing model

5. Understand the price option using Black Scholes option Pricing model, and

6. Invest in derivative instruments by applying the trading strategies in them.



Unit-I: Introduction: Meaning of Derivatives – Types of Derivatives - Uses of Derivatives –

Classification of Risk – Risk Management – Implications for Hedging – Approaches to Risk

Management – Risks in Derivative Trading.

Unit-II: Futures Contracts: Meaning – Futures Contracts Vs Forward Contracts – Participants

in Futures Market – Specification of Futures Contracts – Pricing of Futures – Hedging

Strategies Using Futures.

Unit III: Single Stock Futures and Stock Index Futures: Meaning – Hedging and

Speculation – Pricing –Insurance and Investment Purpose – Hedging the Value of a Portfolio of

shares using Index Futures – Adjusting Equity Portfolio Beta Using Index Futures.

Unit-IV: Options: Fundamentals of options – Call and Put Options – Combination of Options:

Trading Strategies – The Greek Letters.

Unit V: Option Pricing Model and Swaps: The Binomial Options Pricing Model – The

Black- Scholes Option Pricing Model – Swaps – Introduction to Credit Derivatives.



Weightage in Question paper: Problems-40% and Theory – 60%

68

Reference:

Books:

1. John C. Hull, 2018, Risk Management and Financial Institutions, 5th Edition, John

Wiley & Sons, New Jersey.

2. Marshall, John F and V.K. Bansal, 1992, Financial Engineering – A Complete Guide to

Financial Innovation, Prentice Hall of India, New Delhi.

3. .Franklin R. Edwards Cindy W.Ma, 1992, Futures & Options, Mc Graw- Hill International

Editions. Economic services, Singapore

4. Chew, Lilian, 1996, Managing Derivative Risk: The Use and Abuse of Leverage, John Wiley,

New Jersey.

5. Kolb, Robert W., 2006, Understanding Futures Markets, Prentice Hall of India, New Delhi.

6. Madhumathi and Ranganatham, 2011, Derivatives and Risk Management, First Edition,

Pearson.

7. Sundaram Janakiramanan, 2011, Derivatives and Risk Management, First Edition, Pearson.

8. Chance Don M, Roberts Brooks, 2015, Introduction to Derivatives and Risk Management, 10th

Edition, Cengage Learning.

9. .Hull J, 2016, Options, Futures and Other Derivatives, Prentice Hall of India, New Delhi.

10. Wendy L. Pirie, 2017, Derivatives, John Wiley & Sons, CFA Institute of Investment

Series.

Online Reference:

1. MOOC Material: Financial Engineering and Risk Management Part I, Created by:

Columbia University, Delivered by: Coursera, Taught by: Garud Iyengar and Martin

Haugh

2. MOOC Material: Quantitative Foundations for International Business, Created by:

University of London, Delivered by: Coursera, Taught by: George Kapetanios.







https://www.mooc-list.com/instructor/garud-iyengar

https://www.mooc-list.com/instructor/martin-haugh

https://www.mooc-list.com/instructor/martin-haugh

https://www.mooc-list.com/university-entity/university-london


https://www.mooc-list.com/instructor/george-kapetanios



69

FMCC13 –BEHAVIORAL FINANCE

Course Aim: This course aims to investigate psychology's contribution to finance and

economics and discuss the theories to enable the students to understand the decision behavior of

an individual investor within a market context, which would help them have a better

understanding of financial market dynamics.

Course Outcomes: The learning outcomes of the course enable the students to

1. Apply problem solving and critical thinking abilities to analyze the kinds of choices

available for developing alternative behavior and decision making approaches in the

workplace.

2. Apply factors that influence consumers as individuals and decision makers with an

application to the decision process.

3. Understand the operations and investment behavior of function.

4. Understand the conceptual foundations of Technical Anomalies.

5. Apply the skills in understanding and appreciating Stock Market Bubbles, and

6. Acquire the skills required to detect the financial Frauds and Tools in Forensic

Accounting.



Unit-I: Theories of Behavioural Finance: Introduction-Asymmetric Information-

Egocentricity-Human Behavioural Theories-Heuristics-Biases-Emotional Bias-Statistical Bias-

Cognitive Bias-Other Irrational Investment Behaviour-Bias-Group think Bias-Interaction

between Bias-Outcomes of Biases-Dealing With Biases-Overcoming the Biases-Debiasing-

Prospect Theory-Uses of Behavioural Finance.

Unit-II: Evolution of Behavioural Finance: Introduction-Assumptions of Behavioural

Finance-Building Blocks ofBehavioural Finance-Elimination of Uncertainty-Important

Contributors-History of Behavioural Finance.

Neuro Finance: The Brain-Neural Process during Financial Decision Making-Experiments in

Neuro finance-The Future of Neurofinance.

Unit-III: Standard Finance- Introduction-Modern Portfolio Theory-Miller and Modigliani

Theory-Capital Asset Pricing Model-Arbitrage Pricing Theory (APT)-The Random Walk

Hypothesis- Expected Utility Theory (EUT)-Efficient Market Hypothesis (EMH).

Behaviour and Decision Making-Foundations of Behaviour-Cognition-Emotional Bias-

Gender- Behavioural Models-Perception-Causes of Behaviour Difference-Motive-Decision

Making-Behavioural Decision Making-Biases in Decision Making.

Unit-IV : Financial Market Anomalies: Introduction-Fundamental Anomalies-Technical

Anomalies, Calendar Anomalies-Accounting Anomalies.

Market Bubbles: The First Known Stock Market Bubbles-Stock Market Bubbles in the Recent

History-Identification of a Stock Market Bubbles-Classification of Bubbles-Behavioural

Finance Explanation of Bubbles- Investor Behaviour During Bubbles-Causes of Bubbles.

70

Unit-V : Forensic Accounting: Introduction-Classification of Fraud-Behavioural Aspects of

Fraud-Types of Fraud Perpetrators-Origin and Growth of Forensic Accounting-Forensic

Auditing-Fraud Theories-Studies on Fraud Behaviour-Tools in Forensic Accounting-Anti Fraud

Measure- E-Fraud-Forensic Accounting in India-Government Agencies that Combat Frauds.



Reference:

Books:

1. Constant D. Beugre, 2018, The Neuro Science of Organisational Behavior, Edward

Elgar Publishing Limited, UK.

2. Malena Johnsson, Henrik Lilndom and Peter Paltan, 2002, Behavioral Finance – And

the Change of Investor Behavior during and After the Speculative Bubble.

3. Martin Sewell, 2007, Behavioral Finance, University of Cambridge.

4. Prasanna Chandra, 2016, Behavioral Finance, 3rd Edition, TataMc Graw Hill

Education Pvt Ltd, New Delhi. 5. Brian Bruce, 2012, Handbook of Behavioral Finance, Edward Elgar Publishing.

6. M.M.Sulphey, 2014,Behavioural Finance. PHL Learning Private Limited.

7. Richard H Thaler, 2015, Misbehaving : The Making of Behavioral Economics,

Penguin.

8. H. Kent Baker, Greg Filbeck, Victor Ricciardi, 2017, Financial Behavior: Players,

Services, Products, and Markets, Oxford University Press.

Online Reference:

1. MOOC Material: Behaviroal Finance, Created by: Duke University, Delivered by:

Coursera, Taught by: Emma Rasiel.

2. MOOC Material: Behavioral Finance (Coursera), Created by: Duke University,

Delivered by: Coursera, Taught by: Emma Rasiel.

3. MOOC Material: Portfolio and Risk Management (Coursera), Created by: Indian School

of Business (ISB), Delivered by: Coursera, Taught by: Ramabhadran Thirumalai.

4. MOOC Material: Applying Investment Decision Rules for Startups (Coursera), Created

by: Yonsei University, Delivered by: Coursera, Taught by: Saeyeol Park




https://www.mooc-list.com/instructor/emma-rasiel

https://www.mooc-list.com/university-entity/indian-school-business-isb



https://www.mooc-list.com/instructor/ramabhadran-thirumalai

https://www.mooc-list.com/university-entity/yonsei-university


https://www.mooc-list.com/instructor/saeyeol-park

71

FMCC14 - MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING

Course Aim: The course aims to imparting to the students the knowledge of principles of

mergers, acquisitions and corporate restructuring and teach them post impact and efficiency.

Course Outcomes: The students at the end of the course will be able to

1. Understand the concepts relating to mergers, acquisitions, and corporate restructuring.

2. Understand how to create corporate value by restructuring a company or by combining

businesses.

3. Know the financial aspects of mergers and acquisitions.

4. Explain disinvestments and strategic alliances.

5. Apply procedural, Economic, Accounting, Taxation and Financial Aspects of Mergers

and Amalgamations, and

6. Act as Finance Controller effectively executing mergers, acquisitions and corporate

restructuring.



Unit – I: Introduction to Corporate Restructuring: Meaning of Corporate Restructuring -

Need, Scope and Modes of Restructuring -Historical Background -Emerging Trends -Planning,

Formulation and Execution of Various Corporate Restructuring Strategies - Mergers,

Acquisitions, Takeovers, Disinvestments and Strategic Alliances, Demerger and Hiving off -

Expanding Role of Professionals

Unit – II: Legal Aspects of Merger and Acquisitions: -Introduction -Legal, Procedural,

Economic, Accounting, Taxation and Financial Aspects of Mergers and Amalgamations

including Stamp Duty and Allied Matters -Interest of Small Investors -Merger Aspects under

Competition Law -Jurisdiction of Courts; Filing of Various Forms -Amalgamation of Banking

Companies and Government Companies -Cross Border Acquisition and Merger

Unit – III: Corporate Demerger and Reverse Merger: Concept of Demerger; Modes of

Demerger - by Agreement, under Scheme of Arrangement -Demerger and Voluntary Winding

Up -Legal and Procedural Aspects; Tax Aspects and Reliefs -Reverse Mergers – Procedural

Aspects and Tax Implications

Unit – IV: Takeover: Meaning and Concept -Types of Takeovers; Legal Aspects – SEBI

Takeover Regulations -Disclosure and Open Offer Requirements -Bail Out Takeovers and

Takeover of Sick Units -Takeover Defences -Cross Border Takeovers

Unit –V: Financial Restructuring and Post Merger Reorganisation: Reduction of Capital -

Reorganization of Share Capital -Buy-Back of Shares – Concept and Necessity -Procedure for

Buy-Back of Shares by Listed and Unlisted Companies Post Merger Reorganization -Factors

involved in Post Merger Reorganization -Integration of Businesses and Operations -Assessing

Accomplishment of Post Merger Objectives; Measuring Post Merger Efficiency

72



Reference:

Books:

1. Andrew J. Sherman, 2018, Mergers and Acquisitions from A to Z, 4th Edition, American

Management Association.

2. Fred Weston J.Kwang S.Chmu & Susan E.Hoag, /merger, 1990, Restructuring and Corporate

Control, Prentice Hall, NewDelhi

3. Verma JC.Corporate Mergers, 2008, Amalgamations and takeovers, (5th Ed), Bharat law house,

New Delhi

4. K.R.Chandrate, 2010, Corporate Restructuring, (2nd Ed), Bharat Law House (P) Ltd. New

Delhi.

5. Handbook on Mergers, 2012, Amalgamation and Takeover, ICSI, New Delhi.

6. Donald DePamphilis, 2017, Mergers, Acquisitions, and Other Restructuring Activities, 9th

Edition, Academic Press.

Online Reference:

1. MOOC Material:Corporate Financial Decision-Making for Value Creation

(Coursera), Created by: University of Melbourne, Delivered by: Coursera Taught by:

Paul Kofman Sean Pinder.

2. MOOC Material: Corporate Finance I: Measuring and Promoting Value Creation

(Coursera) Created by: University of Illinois at Urbana-Champaign, Delivered by:

Coursera, Taught by: Heitor Almeida.

3. MOOC Material: Corporate Finance Essentials (Coursera), Created by: IESE Business

School, Delivered by: Coursera, Taught by: Javier Estrada.

4. MOOC Material: M & A: Concepts and Theories, Created by: Newyork Institute of

Finance, Delivered by: Coursera, Taught by: Jeff Hooke.

https://www.mooc-list.com/university-entity/university-melbourne


https://www.mooc-list.com/instructor/paul-kofman

https://www.mooc-list.com/instructor/sean-pinder



https://www.mooc-list.com/instructor/heitor-almeida




https://www.mooc-list.com/instructor/javier-estrada



73

FMEC7 - INTERNATIONAL FINANCIAL MANAGEMENT

Course Aim: The aim of the course is to study the role of international trade and investment,

currency movements, international financial markets, and international agreements and

institutions play in the management of multinational corporations.

Course Outcome: At the end of this course the students would be able to:

1. Understand the nature and scope of International financial management.

2. Understand the sources of finance and developments in international monetary system.

3. Understand the various methods and uses of Exposure.

4. Know the various sources of foreign exchange exposure management.

5. Take international investment decision by incorporating financial and non-financial

factors, and

6. Work as the Finance Manager in a Multinational Corporation.



Unit I: Foundations of International Financial Management: International Business and its

Mode – Nature and Scope of International Financial Management – Multi National

Corporations – International Financial Management and Domestic Financial Management -

Developments in International Monetary System: Specie Commodity Standard – Gold

Standard – Bretton Woods System of Exchange Rate – Exchange Rate Regime Since 1973-

International Liquidity – IMF Solution for Financial Crisis.

Unit II: Foreign Exchange Market: Features – Major Participants – Spot Market – Forward

Market

Exchange Rate Mechanism: Exchange Rate Quotations – Nominal, Real and Effective

Exchange Rate – Determination of Exchange Rate in Spot Market and Forward Market –

Factors Influencing Exchange Rate – Theories of Exchange Rate Behaviour - Need for

Forecasting Exchange Rates – Forecasting Techniques – Forecasting in a Controlled Regime.

Unit III: Foreign Exchange Exposure Management: Translation Exposure Meaning –

Methods of Translation Exposure – Functional Versus Reporting Currency – Four Translation

Methods – Measurement of Transaction Exposure – Transaction Exposure Based on Currency

Variability – Managing Transaction Exposure – Currency Forwards, Futures, Options and

Swaps - Measurement of Currency Variability – Transaction Exposure Vs Economic Exposure

– Measuring Economic Exposure – Managing Economic Exposure – Corporate Philosophy for

Exposure.

Unit IV: International Financing Decisions: Channels for Flow of Funds – Changing

Structure of International Financial Market – Sources and Forms of Funds – Process of

Internationalization of Banks – Financial Intermediation Function – Direction and Purpose of

Lending – The Credit Creation Function – International Equities – International Bonds –

Secondary Market Operations – Short Term and Medium Term Instruments - International

Working Capital Policy – International Cash management – Receivables and Inventory

Management - Financing of Current Assets

74

Unit V: International Investment Decisions: Theories of Foreign Direct Investment – Cost

and Benefits of FDI – Strategy for FDI – Control of MNCs – Evaluation Criteria in

International Capital Budgeting – Computation of Cash Flow – Cost of Capital – Adjusted

Present Value Approach – Sensitivity Analysis – Real Options and Project Appraisal –

Evaluating M & A – Non financial factors in Capital Budgeting – Introduction to International

Portfolio Investment - Benefits, Problems and Modes of International Portfolio Investment -

Concept and Identification of Optimal International Investment Portfolio.



Reference:

Books:

1. Dora Hancock, 2018, International Finance for Non-Financial Managers, Kogan Page.

2. Maurice D. Levi, 1996, International Finance, 3rd Ed., Mc Graw Hill.

3. Alan C. Shapiro, 1996, Multinational Financial Management, 4th Ed., Prentice Hall India.

4. Cheol S. Eun, Bruce G. Resnick, 1998, International Financial Management, 2nd Ed.,

Tata McGraw Hill.

5. Apte, P.G., 1998, International Financial Management, 2nd Ed., Tata McGraw Hill

6. Madhu Vij, 2005, International Financial Management, 2nd Edition, Excel Books.

7. Vyuptakesh Sharan, 2009, International Financial Management, 5th Edition, PHI Learning

Private Limited, New Delhi.

8. Jeff Madura, 2015, International Financial Management, 12th Ed., Cengage Learning.

9. Geert Bekaert, Robert Hodrick, 2017, International Financial Management, 3rd Edition,

Cambridge University Press.

Online Reference:

1. MOOC Material: International Finance, Created by: Marginal Revolution University,

Delivered by: MRUniversity, Taught by: Alex Tabarrok and Tyler Cowen.

2. MOOC Material: International Business I (Coursera), Created by: University of New

Mexico, Delivered by: Coursera, Taught by: Doug E Thomas.

3. MOOC Material: Global Strategy I: How The Global Economy Works (Coursera), Created

by: University of Illinois , Delivered by: Coursera, Taught by:, Marcelo Bucheli

4. MOOC Material: Foreign Exchange Markets – Instruments, Risks and Derivatives,

Created by: IIM Bangalore, Delivered by: Coursera, Taught by: P C Narayan


https://www.mooc-list.com/university-entity/marginal-revolution-university

https://www.mooc-list.com/initiative/mruniversity

https://www.mooc-list.com/instructor/alex-tabarrok

https://www.mooc-list.com/instructor/tyler-cowen




https://www.mooc-list.com/instructor/doug-e-thomas



https://www.mooc-list.com/instructor/marcelo-bucheli



75

FMEC8 - STOCK MARKET MICRO STRUCTURE

Course Aim: The aim of the course is to provide practical exposure to the students on the

functioning of the stock market and on the stock market practices like trading mechanism,

clearing and settlement, demat trading.


1. Understand the trading mechanism in stock exchange.

2. Understand the trading pattern in BSE and NSE.

3. Get knowledge on the Demat Trading.

4. Discuss on the SEBI guidelines and other regulations relating to Demat Trading.

5. Get through the certification examinations conducted by BSE and NSE, and

6. Start a stock trading concern and become a successful Financial Entrepreneur.



Unit I: Trading Mechanism in Stock Exchanges: Introduction- Market Types- Market

Phases- Invoking an Inquiry Screen- Order Management- Trade Management- Auction-

Limited Physical Market- Retail Debt Market- Internet Broking- Wireless Application Protocol.

Legal framework of Securities Market: SEBI Guidelines Relating to the Functioning of Stock

Exchanges and Intermediaries; SEBI and Investor Protection; Securities Contract Regulation

Act and Listing of Securities; Regulations and Guidelines for FIIs.

Unit II: Clearing and Settlement Process: Introduction- Transaction cycle- Settlement

Process- Settlement Agencies- Risks in Settlement- Settlement Cycle- Securities Settlement-

Funds Settlement- Shortages Handling- Risk Containment Measures- International Securities

Identification Number- Clearing Software- Reports- File Transfer Protocol.

Unit III: Trading pattern in BSE and NSE: Security Market Indicators- Need and

Importance; BSE Sensex, NSE, NIFTY and other Index Numbers.

Unit IV: Demat Trading: Meaning and Significance; Role of Depositories and Custodian of

Securities in Demat Trading; SEBI Guidelines and other Regulations relating to Demat Trading;

Procedure of Demat Trading- Introduction to Online- Trading.

Unit V: Derivatives Trading: Approving for derivatives trading, Derivatives market at NSE,

Trading mechanism, membership criteria, Turn over, Clearing and settlement, Risk

Management system.



Reference:

Books:

1. Ashwani Gujral, 2018, How to Make Money in Intraday Trading, Vision Books Pvt.

Limited, New Delhi.

76

2. Avadhani V.A. 1997, Indian Capital Market, (1st Ed)., Himalaya Publishing House.

3. Tadashi Endo, 1998, The Indian Securities Market A Guide for foreign & Domestic

Investors, (1st Ed)., Vision Books.

4. Amit Bhargava, 2003, Guide to SEBI (Disclosure & Investor Protection) Guidelines,

Taxmann Publications.

5. Gurusamy S, 2004, Financial Markets & Institutions, (1st Ed)., Thomson Books.

6. Dave, 2007, Securities Markets & Products, (2nd Ed)., Taxmann Publications.

7. Keith Dickinson, 2015, Financial Markets Operations Management, John Wiley &

Sons.

Online Reference:

1. MOOC Material: Finance for Everyone: Values, Created by: McMaster University,


2. MOOC Material: Behavioral Finance, Created by: Duke University, Delivered by:

Coursera, Taught by: Emma Rasiel.

3. MOOC Material: Behavioral Finance (Coursera), Created by: Duke University,

Delivered by: Coursera, Taught by: Emma Rasiel.

4. MOOC Material: Portfolio and Risk Management (Coursera), Created by: Indian School

of Business (ISB), Delivered by: Coursera, Taught by: Ramabhadran Thirumalai.





https://www.mooc-list.com/instructor/emma-rasiel




https://www.mooc-list.com/instructor/ramabhadran-thirumalai

77

FMSC4 - CORPORATE ETHICS, GOVERNANCE AND

SUSTAINABILITY

Course Aim: The aim of the course is to enable the students acquire knowledge regarding the

principles of business, ethics, governance and sustainability and to enable students develop

understanding of the systems and process of governance & sustainability.


1. Understand the nature and scope of Corporate Ethics like, Attributes of Ethics, Business

Ethics, Management Ethics and Organizational Ethics.

2. Know the nature, features, objectives, benefits and models of the Corporate Governance.

3. Understand the reasons for Corporate Governance failure, certain new initiatives in

Governance and Global Corporate Governance Forum.

4. Know the various Structure and Composition of the Board.

5. Act as a ethical financial manager with the understanding of corporate ethics, and

6. Do the social accounting and ethical auditing.


Unit – I: Introduction to Corporate Ethics: Approaches to Ethics – Meaning of Ethics –

Major Attributes of Ethics – Business Ethics – Factors that Influence Ethics – Importance of

Ethics – Ethics in Management – Organisational Ethics

Unit –II: Introduction to Corporate Governance: Meaning of Corporate Governance –

Definitions – Significance – Importance – Nature of Corporate Governance – Features of

Corporate Governance – Objectives of Corporate Governance – Reasons for Corporate

Governance Failure – Certain New Initiatives in Governance – Benefits of Corporate

Governance – Consequences of Bad Governance – Requirements to Strengthen Corporate

Governance – Corporate Governance Models – Global Corporate Governance Forum

Unit – III: Corporate Board Management- Structure and Composition of the Board-

Composition of Board – Size of the Board – Powers of the Board of Directors –

Responsibilities- Functions of the Board – Code of Conduct for Board Members – Training for

the Board of Directors – Effectiveness of the Board – Evaluation of Board’s Functioning –

Corporate Democracy – Shareholders Democracy

Unit – IV: Sustainability and Corporate Governance: Sustainability Reporting – Discipline-

Mission – Principles – Dimensions – Corporate Governance and National Economy – World

Bank Report – Development – Why It Matters?

Unit – V: Social Accounting, Auditing and Reporting: Introduction – Social Accounting –

Social Auditing – Corporate Social Reporting – Auditing the Social Reporting Process.



78

Reference:

Books:

1. Marc Georgen, 2018, Corporate Governance: A Global Perspective, Cengage Learning.

2. Fred J. Weston, Kwang S. Chung, and Susan E. Hoag, 1997, Mergers, Restructuring

and Corporate Control, Prentice Hall of India.

3. Ross, Westerfield, Jaffe, 1999 Corporate Finance, (5th Ed.), McGraw Hill.

4. Brigham, Gapenski, and Ehrhardt, 1999, Financial Management: Theory and

Practice, 9th Ed., Dryden Press.

5. Vishwanath, S.R., 2000 Corporate Finance: Theory and Practice, 2nd Edition, SAGE

Publishing India, Response Books.

6. Pandey, I.M., 2006,Financial Management, 11th Edition, Vikas Publishing House.

7. V.Balachandran & Dr.Chandrasekar, 2011, Corporate Governance Ethics and Social

Responsibility, (2nd Ed), PHI Learning. New Delhi.

8. Thomas Clarke, 2017, International Corporate Governance: A Comparative

Approach, 2nd Edition, Rouledge London New York.

Online Reference:


University.



3. MOOC Material: The Factors that Influence the Effectiveness of Boards and the

Governance Process, Created by: State University of NewYork, Delivered by:

Coursera, Taught by: Vic Murray and Prof. Yvonne D. Harrison.

4. MOOC Material: Basic Governance for Board Members, Created by: Debi Peverill,

Delivered by: Udemy, Taught by: Debi Peverill.




79

CCMF4 - MARKETING OF MUTUAL FUNDS


Course on Mutual Funds.