bachelor of business administration (honours) program syllabus...

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Bachelor of Business Administration (Honours) Program

Syllabus for the Seven Affiliated Colleges

Honours in Finance & Banking

Effective from the Session: 2019-2020

UNIVERSITY OF DHAKA

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Subject: Finance & Banking

Syllabus for Four Year BBA Honours Course

Course Structure

Components Courses/ Units

Credit Hour

Per Course

Credit Hours

Total

1 Courses

First Year

Second Year

Third Year

Fourth Year

TOTAL

7

7

8

8

30

4

4

4

4

4

28

28

32

32

120

2 Project Paper / Internship 1 3 3

3 Viva Voce (1st, 2nd, 3rd, 4th Year) 1 3 3

TOTAL 126

First Year

Paper Code Paper Title Marks Credits

Fin-1001 Business Communication & Report Writing 100 4

Fin-1002 Principles of Finance 100 4

Fin-1003 Principles of Accounting 100 4

Fin-1004 Business Mathematics 100 4

Fin-1005 Micro Economics 100 4

Fin-1006 Computer & Information Technology 100 4

Fin-1007 History of the Emergence of Independent Bangladesh 100 4

Viva Voce 25

725

Second Year


Fin-2001 Business Statistics 100 4

Fin-2002 Macro Economics 100 4

Fin-2003 Principles of Marketing 100 4

Fin-2004 Principles of Management 100 4

Fin-2005 Managerial Accounting 100 4

Fin-2006 Financial Management 100 4

Fin-2007 Legal Environment of Business 100 4

Viva Voce 25

725

2

Third Year


Fin-3001 International Trade& Finance 100 4

Fin-3002 Organizational Behavior 100 4

Fin-3003 Law and Practice of Banking 100 4

Fin-3004 Financial Markets and Institutions 100 4

Fin-3005 Insurance & Risk Management 100 4

Fin-3006 Human Resource Management 100 4

Fin-3007 Business Taxation 100 4

Fin-3008 Auditing & Assurance 100 4

Viva Voce 25

Total 825

Fourth Year


Fin-4001 Government Finance 100 4

Fin-4002 Commercial Bank Management 100 4

Fin-4003 E-Commerce & E- Banking 100 4

Fin-4004 Financial Statement Analysis and Valuation 100 4

Fin-4005 Corporate Finance 100 4

Fin-4006 Investment Analysis & Portfolio Management 100 4

Fin-4007 Working Capital Management 100 4

Fin-4008 Strategic Management 100 4

Viva Voce 25

Project Paper/Internship 100 4

Total 925

Distribution of Marks in each Course

Component Marks

Attendance 5

Assignment, Presentation & Class Participation 5

Mid-term Exam 15

Final Exam 75

TOTAL 100

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Detailed Syllabus

Paper Code: Fin-1001 Marks: 100 Credits: 4 Class Hours: 60

Paper Title: BUSINESS COMMUNICATION & REPORT WRITING

1. Communication in the Workplace: Role of communication in business. The business communication process.

2. Adaptation and the Selection of Words: Importance of adaptation Selecting words Nondiscriminatory writing

3. Construction of Clear Sentences and Paragraphs: Sentence design, Paragraph design

4. Writing for Effect: Importance of effect, Conversational style, You-viewpoint, Courtesy, Role of emphasis, Coherence

5. Writing Process and Introduction to Business Messages: Writing process, Readable formatting, Letters | Memos | Email | Text and Instant messaging

6. Directness in Good-news and Neutral Messages: General direct plan, General favorable responses, Adjustment grants, Order acknowledgments, Claims, Inquiries and responses about job applicants, Operational communications

7. Indirectness in Bad-news Messages: General indirect plan, Refused requests, Adjustment refusals, Credit refusals, Negative announcements, Other indirect messages

8. Indirectness in Persuasive Messages: General advice about persuasion, Persuasive requests, Sales messages.

9. Basics of Report Writing: Defining reports, Determining the report purpose, Determining the factors, Gathering the information needed, Interpreting the findings, Organizing the report information, Writing the report, Collaborative report writing

10. Long, Formal Reports: Organization and content of longer reports, The prefatory parts, The report proper, The structural coherence plan

11. Public Speaking and Oral Reporting: Making formal speeches, Team presentations, Reporting orally, Presenting virtually

12. Techniques of Cross-Cultural Communication: Problems of cultural differences, Problems of language, General suggestion for communicating across cultures

13. Building a CV and Cover Letter that Stand Out: Writing a cover letter, Basic CV writing techniques, Advanced tools and techniques of CV writing

Texts:

1. Kathryn Rentz, Marie E. Flatley and Paula Lentz, Lesikar’s Business and Communication: Making Connections in a Digital World McGraw-Hill/Irwin

2. Louis E. Boone, David L. Kurtz and Judy R. Block, Contemporary Business Communication, Prentice Hall International

Paper Code: Fin-1002 Marks : 100 Credits : 4 Class Hours : 60

Paper Title: PRINCIPLES OF FINANCE

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1. Introduction: Conceptual framework, Financial Decision making, Major Financial Decisions, Role of Finance in a firm. Goal of financial management of a firm, Finance as a discipline/Principles of Finance, Types of Finance.

2. Time value of Money: Basic concepts, Computing Future and Present Value on annual, semi-annual, quarterly and monthly basis, Concept of Annuity and Annuity types, Calculation of Future and Present value of annuity.

3. Short Term Financing: Characteristics and sources, Spontaneous sources, Unsecured and secured short term loan, Assignment and factoring of accounts receivables and inventory financing, Open market Loans.

4. Intermediate Term Financing: Characteristics and sources, Types, Repayment methods and Effective interest calculation.

5. Long Term Financing: Characteristics, Uses, Types, Sources, Instruments- Bond: Types, Features; Preferred Stock andCommon Stock- Features, Rights & Obligations.

6. Lease Financing: Concept of Leasing, Types of Leasing- Operating Lease and Financial Lease, Features of Operating and Financial lease, Comparison between Leasing and Buying alternatives.

7. Leverage: Meaning of Leverage, Significance of calculating Leverage, Types of Leverage Operating and Financial Leverage, Measuring the Leverage, Break-even analysis.

8. Risk and Return: Risk and Return fundamentals, Measuring risk, Probability distribution, Expected value, Standard deviation and co-efficient of variation, Risk premium, Risk and required rate of return.

9. Introduction to Working Capital: Definition, Nature and importance of working capital, permanent and variable, gross and net working capital, determinants of working capital, policies for financing current assets, issues in working capital management, needs for working capital, levels of working capital, risk return trade off.

Texts:

1. Gitman Lawrence G, Principles of Managerial Finance, 10th edition

2. Basely and Brigham, Essentials of Managerial Finance

References:

1. Brigham Eugene F, Ehrhardt, Michael C, Financial Management Theory and Practice, 11th edition, South-Western

2. Lawrence D, Schall & Charls W. Haley, Introduction to Financial Management


Paper Title: PRINCIPLES OF ACCOUNTING

1. Accounting-The Language of Business: Definition and Scope of Accounting, Its role and functions, History of Accounting, Purpose and Nature of Accounting Information-Users of Accounting Information. Branches of Accounting-Nature of Business and Accounting.

2. Conceptual Framework for Financial Accounting: FASB Conceptual Frame for Financial Accounting-First Level: Basic Objectives (SFAC-1); Second Level: Qualitative Characteristics of Accounting Information (SFAC-2); Third Level: Operational Guidelines.

3. The Accounting Process: Double Entry-Accounting System vis-a-vis Incomplete System, Accounting Equation-Effects of Transactions on the Accounting Equation. The Accountant-Classification of Accounts-Selection of Account titles-Chart of Accounts-Coding-Rules of Debit

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and Credit –Balancing and Normal Balance-Recording (Bookkeeping), Aspect of Accounting Cycle: Documentary Evidence and Identification, Analysis, and Recording of Transactions and Other Events-Journalization-Posting to the Ledger-Preparation of Trial Balance-Limitations of Trial Balance, Errors and their Rectification.

4. The Adjustment Process and Completing the Accounting Process: Key aspects of the Accrual basis of Accounting, Cash Accounting and Break-up basis of Accounting-Adjustments-Adjusted Trial Balance-Preparation of Work Sheet-Closing Entries-Post-Closing Trial Balance-Reserving Entries.

5. Merchandising Operations and Accounting System: Merchandising Operations and Classifying Inventory-Purchases, Sales, Other use of Loss and Returns of Merchandise Inventory-Periodic and Perpetual Inventory Systems and Journal Entries-Specific Identification Method and Inventory Cost Flow Assumption (FIFO, LIFO and Average Cost).

6. Accounting Systems and Special Ledgers: Manual and Computerized Accounting Systems and their effectiveness-The Voucher System-General Ledgers and Subsidiary Ledgers: General Ledger Control Accounts and Subsidiary Ledger Individual Accounts. Special Journals: Advantages of Special Journals-Cash Receipts Journal-Sales Journals-Purchase Journal-Cash Payments Journal and General Journal.

7. Control of Cash: Controlling cash, Internal Control, The Bank Chequing Account, Petty Cash, Bank Reconciliation Statement.

8. Accounting for Receivable and Current Liabilities: Receivable-Types of Receivables valuing and disposing Uncollectible accounts-Allowance for doubtful accounts, Accounting for temporary investments-Marketable Securities-Accounting for current liabilities.

9. Financial Statements as a Reporting Device: Idea on a Complete Set of Financial Statement. Purpose and interrelationship of the Financial Statement.Importance, Limitations and Preparation of Financial Statements.Supplementary Statements/Schedules.Preparation of Statements according to Nature of Business.Statements for Nonprofit Organizations. Preparation of Financial Statements according to Legal Form of Business: Sole-proprietorship Organizations, Partnership Firms & Company (Introductory Idea).

Text:

1. Weygandt, Jerry J., Kimmel, Paul D. and Kieso Donald, Accounting Principles (latest edition), John

Wiley & Sons. Inc.


Paper Title: BUSINESS MATHEMATICS

1. Real Number System: Number system, natural number, integers, prime numbers, rational number, properties, irrational numbers, real number, imaginary number, complex number

2. Index and Surds:Indices, positive indices, fractional indices, operations with power functions, operations on surds, rationalizing factor, root of mixed surds

3. Set Thoery: Introduction, set, element of set, types, method of describing a set, Venn diagram, operations, intersection of sets, union of sets, complement of a set, De-Morgan’s law, difference of two sets.

4. Logarithms: Introduction, laws of operation

5. Equations: Equations, identities, inequalities, general solution, degree of equations, simultaneous linear equation, quadratic equation and their solutions, nature of the roots, formation of an equation, solutions of simultaneous equation.

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6. Coordinate Geometry: introduction, directed line, quadrant, coordinates, coordinates of mid points, distance between two points, sectional formula, external division, area of a triangle, area of a quadrilateral, linear function, straight line, slope of a straightline, different forms of equations of a straight line, horizontal and vertical lines, parallel and perpendicular lines, breakeven interpretations.

7. Introduction to Matrix algebra and its Business Application: Introduction, definition, types, scalar multiplication, equality of matrix, matrix operations, addition and subtraction, properties, multiplication, transpose of a matrix, determinant of a square matrix, determinant of order two, Cramer’s rule, determinant of order three, solutions of three linear equations, properties of determinants, expansion of determinants, minor of a matrix, adjoint matrix, inverse matrix, business application.

8. Introduction to Calculus: Applying limit theory in differential calculus, Different quotient, Definition of derivative, Simple Power Rule, Function Power Rule, Product and Quotient rule, Differentiation (1storder, 2nd order, 3rd order)

9. Application of Differential Calculus-1: Maxima and minima of function, maxima, minima application, Point of Inflection, stationary point stationary inflection point, Endpoint Maxima, Endpoint Minima. Application- 2: Maximum Revenue and Profit, Minimum Costs, Area maximization and Cost minimization-practical math. Other application-3: Partial derivatives, Elasticity, Marginal propensity to consume (MPC)-income multiplier

10. Integral Calculus: Importance of Integral Calculus, Anti derivative, Area under the curve, Indefinite and definite integration. Application of Integration, Consumer’s surplus, Producer’s surplus, marginal to total cost- Application, rate of Change-Application:

Texts:

1. D.C Sancheti, V.K. Kapoor, Business Mathematics, 11th revised edition

2. Bowen, E.K. Prichett G.D and Saber, Mathematics with Applications in Management and Economics, Richard D. Irwin Incorporation (7thEdition)


Paper Title: MICRO ECONOMICS

1. The Fundamentals of Economics: Scarcity and Efficiency-The Twin Themes of Economics,An overview of the circular flow of economic activity, nature of ownership of the economic recourses, production, distribution and consumption, Public, private and merit goods.

2. Markets and Government in a Modern Economy: The Mixed Economy-What is a Market? Trade, Money and Capital-The Economic Role of Government.

3. Theory of demand and supply: The demand Schedule, The Demand Curve, The Supply Schedule, The Supply Curve, Equilibrium of Supply and Demand. Shifts of demand and supply curves, Excess and shortage leading to price adjustments.

4. Elasticity of Supply and Demand: Price Elasticity of Demand and Supply: Price Elasticity of Demand, Elasticity and Revenue, Price elasticity of Supply, income elasticity, impact of taxes and subsidies on economic surpluses and dead weight loss.

5. Demand and Consumer Behavior: Rational Choice, Utility, indifference curve and its characteristics, Budget Line, Price consumption curve, demand curve of the individual and that of the market, Separation of income and substitution effects of normal goods, inferior goods and Giffen goods.

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6. Production and Business Organization: Theory of Production. Basic Concepts relating to Returns to Scale-Increasing, decreasing and constant returns, law of diminishing return, relation between Average product, Marginal product and Total product of labor.

7. Analysis of Costs: Opportunity cost, fixed cost and variable cost. Average cost, marginal cost, total cost curves. Cost curve in the short and in the long run.Break even analysis. Normal and economic profit of a firm.

8. Market Structures-Perfectly Competitive Markets: Perfectly Competitive Markets- definition and characteristics, Price-output decision of a firm under perfect competition, Efficiency and Equity under perfectly competitive Markets.

9. Imperfect Competition and Monopoly: Pure monopoly, Marginal revenue, price and elasticity, why a monopolist will not operate in the inelastic part of the demand curve, price discrimination under monopoly.

10. Monopolistic Competition: Price-output decision of a firm under monopolistic competition, Advertisement under monopolistic competition.Excess capacity in the long run.

11. Oligopoly: Price-output decision under oligopoly, kinked demand curve, price leadership by dominant firm and control.

Texts:

1. Microeconomics, Paul Krugman & Robin Wells (3rd Ed.) 2. Microeconomics, Theory and Application, Dominick Salvatore (5th Ed.)

References: 3. Dewett, K.K., Modern Economic Theory


Paper Title: COMPUTER AND INFORMATION TECHNOLOGY

1. Information system in business: Basic IS concepts, IS functions and components, Types of IS, IS users and technology, Benefits of IS.

2. Information system fundamentals: Hardware, Software, Stored Data, Personnel and Procedure for IS, Ethical Issues for IS.

3. IS Networks and the Internet: Communication concepts, Communication hardware and software, Network concepts, Local area networks, Wide area networks, Internetworks, Internet communication and services, Electronic commerce.

4. Business Operations: Business operation efficiency, Transaction processing systems, Enterprise resource planning systems.

5. Management Decision Making: Improving Management decision making effectiveness, Level and characteristics of management decision

6. E-Commerce: Providing a strategic impact, E-commerce systems, Inter-organizational IS

7. Computer Application: Microsoft office: Introduction to MS Word, MS Excel, MS Power Point; Bulk Mailing Application in MS Word; Application of Mathematical, Logical and Financial Functions in MS Excel; Sorting and Filtering; Presenting Data Using Charts; PivotTable; Data Validation, VLOOKUP and HLOOKUP Functions, Financial analysis and Planning Templates in MS Excel, Preparing Business Presentations in MS PowerPoint.

Texts:

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1. Robert C. Nickerson, Business and Information Systems 2. Timothy J. O’Leary and Linda I. O’Leary, Computing Essentials, McGraw Hill


Paper Title: History of the Emergence of Independent Bangladesh

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History of the Emergence of Independent Bangladesh

Introduction: Scope and description of the emergence of Independent Bangladesh.

Writing on this topic.

1. Description of the country and its people.

a. Geographical features and their influence.

b. Ethnic composition.

c. Language.

d. Cultural syncretism and religious tolerance.

e. Distinctive identity of Bangladesh in the context of undivided Bangladesh.

2. Proposal for undivided sovereign Bengal and the partition of the Sub Continent, 1947.

a. Rise of communalism under the colonial rule, Lahore Resolution 1940.

b. The proposal of Suhrawardi and Sarat Bose for undivided Bengal : consequences

c. The creation of Pakistan 1947.

3. Pakistan: Structure of the state and disparity.

a. Central and provincial structure.

b. Influence of Military and Civil bureaucracy.

C .Economic, social and cultural disparity

4. Language Movement and quest for Bengali identity

a. Misrule by Muslim League and Struggle for democratic politics.

b. The Language Movement: context and phases.

c. United front of Haque – Vasani – Suhrawardi: election of 1954, consequences.

5. Military rule: the regimes of Ayub Khan and Yahia Khan (1958-1971)

a. Definition of military rules and its characteristics.

b. Ayub Khan’s rise to power and characteristics of his rule (Political repression, Basic democracy, Islamisation)

c. Fall of Ayub Khan and Yahia Khan’s rule (Abolition of one unit, universal suffrage, the Legal Framework Order)

6. Rise of nationalism and the Movement for self-determination.

a. Resistance against cultural aggression and resurgence of Bengali culture.

b. Sheikh Mujibur Rahman and the six point movement

c. Reactions: Importance and significance

d. The Agortola Case 1968.

7. The mass- upsurge of 1969 and 11 point movement: background, program and significance.

8. Election of 1970 and the Declaration of Independence by Bangobondhu

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a. Election result and centres refusal to comply

b. The non co-operation movement, the 7thMarch, Address, Operation Searchlight

c. Declaration of Independence by Bangobondhu and his arrest

9. The war of Liberation 1971

a. Genocide, repression of women, refugees

b. Formation of Bangladesh government and proclamation of Independence

c. The spontaneous early resistance and subsequent organized resistance (Mukti Fouz, Mukti Bahini, guerillas and the frontal warfare )

d. Publicity Campaign in the war of Liberation (Shadhin Bangla Betar Kendra, the Campaigns abroad and formation of public opinion )

e. Contribution of students, women and the masses (Peoples war)

f. The role of super powers and the Muslim states in the Liberation war.

g. The Anti-liberation activities of the occupation army, the Peace Committee, Al-Badar, Al-Shams, Rajakars, pro Pakistan political parties and Pakistani Collaborators , killing of the intellectuals.

h. Trial of Bangabondhu and reaction of the World Community.

i. The contribution of India in the Liberation War

j. Formation of joint command and the Victory

k. The overall contribution of Bangabondhu in the Independence struggle.

10. The Bangabondhu Regime 1972-1975

a. Homecoming

b. Making of the constitution

c. Reconstruction of the war ravaged country

d. The murder of Bangabondhu and his family and the ideological turn-around.

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6. W. nvi“b-Ai-iwk`, e½eÜzi Amgvß AvZ¥Rxebx cybcv©V, w` BDwbfvwm©wU †cÖm wjwg‡UW, XvKv 2013|

7. W. AvZdzjnvBwkejx I W.†gvtgvneyeiingvb, evsjv‡`‡kimvsweavwbKBwZnvm 1773-1972, m~eY© cÖKvkb, XvKv 2013|

8. gybZvwmigvgyb I RqšÍKzgviivq, evsjv‡`‡kiwmwfjmgvRcÖwZôvimsMÖvg,Aemi, XvKv 2006|

9. AvwZDiingvb, Amn‡hvM Av‡›`vj‡biw`b¸wj: gyw³hy‡×icÖ¯‘wZce©,mvwnZ¨ cÖKvk, XvKv 1998|

10. W. †gvtgvneyeiingvb, evsjv‡`‡kiBwZnvm, 1905-47,Zvgªwjwc, XvKv 2011|

11. W. †gvtgvneyeiingvb, evsjv‡`‡kiBwZnvm, 1947-1971,mgqcÖKvkb, XvKv 2012|

12. ‰mq` Av‡bvqvi †nv‡mb, evsjv‡`‡ki ¯̂vaxbZvhy‡× civkw³i f~wgKv,WvbvcÖKvkbx, XvKv 1982|

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13. AveyjgvjAve`yjgywnZ, evsjv‡`k: RvwZiv‡óªi D™¢e,mvwnZ¨ cÖKvk, XvKv 2000|

14. ‡kLgywReyiingvb, AmgvßAvZ¥Rxebx, w` BDwbfvwm©wU †cÖmwjwg‡UW, XvKv 2012|

15. wmivR D &̀`xbAvn‡g`, GKvË‡ii gyw³hy×: ¯̂vaxbevsjv‡`‡kiAf~¨`q,BmjvwgKdvD‡Ûkb, XvKv 2011|

16. RqšÍKzgviivq, evsjv‡`‡kiivR‰bwZKBwZnvm, myeY© cÖKvkb, XvKv 2010|

17. Harun-or-Roshid, The Foreshadowing of Bangladesh: Bengal Muslim League and Muslim Politics, 1906-1947, The University Press Limited, Dhaka 2012.

18. RounaqJahan, Pakistan: Failure in National Integration, The University Press Limited, Dhaka 1977.

19. TalukderManiruzzaman, Radical Politics and the Emergence of Bangladesh, Mowla Brothers, Dhaka 2003.

20. ‡gmevn Kvgvj I CkvbxPµeZx©, bv‡Pv‡ji K…lK we‡`ªvn, mgKvjxbivRbxwZ I BjvwgÎ, DËiY, XvKv 2008|

21. ‡gmevn Kvgvj, Avmv` I EbmË‡ii MYAfy¨Ìvb, weeZ©b, XvKv 1986|

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Paper Title: BUSINESS STATISTICS

1. Concept of Statistics and Data Collection: Basic Concepts of Statistics; Types of Statistics; Types of Variables; Data Collection; Data Classification; Levels of Measurement.

Sources of Data; Data Collection Methods; Designing & Pretesting a Questionnaire; Classification of Data; Types of Classification.

2. Describing Data (Frequency Distributions and Graphic Presentation and Numerical Measures): Constructing Frequency Table; Constructing Frequency Distributions; Relative Frequency Distribution; Graphic Presentation of a Frequency distribution and Cumulative Frequency Distribution.

3. Central Tendency: Mean; Properties of Arithmetic Mean; Weighted Mean; Median; Mode; Geometric Mean.

4. Dispersion: Measures of Dispersion; Standard Deviation; Mean & Standard Deviation of Grouped & Ungrouped Data.

5. Linear Regression and Correlation: Correlation; Coefficient of Correlation; Coefficient of Determination; Testing the Significance of Correlation Coefficient; Regression Analysis, Standard Error of Estimate; Assumptions of Linear Regression; Confidence and Prediction Intervals.

6. Probability Concept: Approaches to Probability; Rules for Computing Probabilities; Contingency Table; Tree Diagram; Principles of Counting

7. Sampling Methods and Central Limit Theorem: Sampling Methods; Sampling Error; Sampling Distribution of the Sample Mean; the Central Limit Theorem

8. Estimation and Confidence Interval: Point Estimate for a Population Mean; Confidence Intervals for a Population Mean; Confidence Interval for a Population Proportion; Choosing an Appropriate Sample Size; Finite Population Correction Factor.

9. One-Sample Test of Hypothesis and Two-sample Tests of Hypothesis: Procedure for Testing Hypothesis; One-tail Test; Two-tail Test; P-value; Type I and II Error; Testing for Population Mean: for Known Population Standard Deviation and for Unknown Population Standard Deviation. Two-sample Tests of Hypothesis: Independent Samples; Two-sample Tests of Hypothesis: Dependent Samples

10. Analysis of variance: F-distribution; Testing hypothesis of equal population variances; ANOVA: Analysis of variance

Texts:

1. Lind, Douglas., Marshal, Willium G., and Wathen, Samuel A., Statistical Techniques in Business and Economics and Wathen, Samuel A. (17th Ed) McGraw Hill International.

Reference:

2. Levine, Richard I., and Rubin, David S.; Modern Business Statistics, 7th Ed. Prentice Hall.

Paper Code:Fin-2002 Marks : 100 Credits : 4 Class Hours : 60

Paper Title: MACRO ECONOMICS

1. Overview of Macro Economics: Key Concepts of Macroeconomics, Aggregate Supply and Demand, Macroeconomics Encapsulated in Three Models, How Economists Think

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2. Measuring Economic Activity/National Income Accounting: Gross Domestic Product: The Yardstick of an Economy’s Performance, Details of the National Accounts, Price Indexes and Inflation

3. Consumption and Investment: Consumption, Income, and Saving, National Consumption Behavior, Determinants of Investment, The Investment Demand Curve, The Stock Demand for capital and the Flow of Investment, Investment Subsectors, Investment and Aggregate Supply.

4. Business Cycles and Aggregate Demand: Features of Business Cycles, Business Cycle Theories, The Theory of Aggregate Demand, The Downward-Sloping Aggregate Demand Curve, Output Determined by Total Expenditures, The Multiplier, How Government Fiscal Policies Affect Output, Fiscal-Policy Multipliers, The Budget, The Full Employment Budget Surplus, Foreign Trade and Economic Activity, Short-run Impact of Trade on GDP

5. Aggregate Supply: Determinants of Aggregate Supply, Aggregate Supply in the Short Run and Long Run, Supply Side Economics.

6. Money and Financial System : Overview of the Monetary Transmission Mechanism, The Modern Financial System, The Evolution of Money, The Demand for Money , The Quantity Theory of Money, Seigniorage: The Revenue From Printing Money cash flows, Capital Budgeting Techniques-Traditional Approach, Discounted Cash flow Approach- Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI).

8. Unemployment: Measuring Unemployment, Impact of Unemployment, Okun’s Law, Economics Interpretation of Unemployment, Labor Market Issues

9. Inflation and Interest Rates: Definition and Impact of Inflation, Prices in the AS-AD Framework, The Phillips Curve, Dilemmas of Anti-Inflation Policy, Inflation and Interest Rates, The Nominal Interest rate and the Demand for Money

10. ISLM-Equilibrium in National Output: The Goods Market and the IS Curve The Money Market and the LM Curve, The Short-Run Equilibrium, Explaining Fluctuations with the IS-LM Model, IS-LM as a Theory of Aggregate Demand

11. Economic Growth and Frontiers of Macroeconomics: The Long-Term Significance of Growth, The Four Wheels of Growth, Theories of Economic Growth, The Economic Consequences of the Government Debt, Advances in Modern Macroeconomics, Stabilizing the Economy, and Economic Growth and Human Welfare

Texts:

1. Paul A. Samuelson and William D.Nordhaus, Economics, 19th edition, McGraw-Hill International Edition.

2. N. Gregory Mankiw, Macroeconomics, 6th edition, Worth Publication

References:

1. Frederic S. Mishkin, The Economics of Money and Banking and Financial Markets, 8th editon, Pearson International Edition

3. Rudiger Dornbusch, Stanley Fisher and Richard Startz, Macroeconomics, 9th edition, McGraw Hill International Edition


Paper Title: PRINCIPLES OF MARKETING

1. Creating and Capturing Customer Value: What is marketing? Understanding themarketplace and customer needs. Designing a custonrer driven marketing strategy. Preparingan integrated

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marketing plan and program Building customer relationship. Capturing value from customers. The changing marketing landscape.

2. Company and Marketing Strategy-Partnering to Build Customer Relationships:Company-wide strategic planning. Planningmarketing. Marketing strategy and the marketing mix. Managing the marketing effort. Measuring and managing return onmarketinginvestment.

3. Analyzing the Marketing Environment: The Company's microenvirorrment.Thecompany's macro environment. Responding to the marketing environment.

4. Markets and Their Buyer Behavior: Consumer Markets and Consumer Buyer Behavior:Consumer market Model of consumer behavior. Characteristics affecting consumer behavior. Types ofbuyer decision behavior. The buyer decision process. The Buyer decision process of new products. Business Markets and Business Buyer Behavior ; Business market. Business buyer behavior. Institutional and government markets.

5. Customer-Driven Marketing Strategy: Creating value for Target Customers: Marketsegrnentation. Market targeting. Differentiation and positioning.

6. Products, Services, and Brands: Building Customer value: What is Product? Product andservice decisions. Branding strategy: building strong brands. Services marketing: nature and characteristics of a service--Marketing strategis for service firms.

7. New Product Development and Product Life Cycle Strategies: New product developmentstrategy-The new product development process. Product life cycle strategies. Additional product and service considerations.

8. Pricing: Understanding and Capturing Customer Value and Pricing Strategies: What isa price? Factors toconsider when setting prices.New product pricing strategies. Product mix pricing strategies. Price adjustment strategies. Price changes.

9. Marketing Channels: Delivering Customer value &Relating and Wholesaling: Supplychains and the value delivery network. The nature and importance of marketing channels. Channel behavior and orginization. Channel design decisions. Channel managementdecisions. Retailing-Wholesaling.

10. Communicating Customer Value: Integrated Marketing Communications Strategy: Thepromotion mix. Integrated marketing communications. A view of the communication process.Steps in developing effective marketing communication. Setting the total promotionbudgetand mix. Socially responsible marketing communication, Advertisement, Public Relations, Sales Promotions, Direct and Personal Selling, Online Marketing.

11. The Global Market Place: Global marketing today. Deciding whether to go global. Deciding which markets to enter. Deciding how to enter the market. Deciding on the global marketing program. Deciding on the global marketing organization.

12. Sustainable Marketing: Social Respinsibility and Ethics: Sutainable Marketing. Social critcisms of marketintg. Coustomer actions toward sustainable Marketing. Business actions toward sustainable marketing.

Text:

1. Philip Kotler & Gary Armstrong, Principles of Marketing, Pearson Prentice Hall


Paper Title: PRINCIPLES OF MANAGEMENT

1. Introduction: Meaning; Scope; Importance; Principles; Functions; Rules of managers; Is Management Science or Art? Is Management a Profession? Management as a Career; Global management.

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2. Schools of Management: History of management; Early contribution to Management; Various Approaches to Management; Taylor's Scientific Management; Functional or Process Approach; Fayol’s Principles of management; Human Relations; Behavioral Science Approach; Quantitative Approach; Systems Approach; Contingency Approach; Other Contemporary Approaches to Management.

3. Planning: Meaning; Importance; Nature; Types; Steps; Factors Affecting Planning; Planning Techniques; Limits of Planning; Making Planning Effective, Managing Strategy, Current Strategic Management Issues.

4. Organizing: Meaning; Nature; Importance; Span of Management; Departmentation Authority and Responsibility; Types of Organization at Structure; Delegation of Authority; Decentralization of Authority; Problems in Organizing, Creating and Managing Team.

5. Staffing: Meaning; Purpose; Importance; Recruitment; Selection; Training; Promotion; Developing Managers; Using Manager Inventory Chart.

6. Leading: Meaning; Importance; Ingredients of Leadership; Styles of Leadership: Autocratic, Democratic and Free-reign- Likerts' System; Managerial Grid Approach; Theories of Leadership.

7. Motivating: Meaning; Motivation and Motivator; Importance; The Need - Want - Satisfaction - Chain; Theory Motivation; Mc-Gregor’s Theory X and Theory Y’ Maslow’s Need Hierarchy Theory, Hergberg’s Two Factor Theory; Vroom’s Expectancy Theory; McCelland’s Achievement; Motivation Theory: Various Motivation Techniques.

8. Controlling: Meaning, Nature; Importance; Controlling Process, Requirements of an Effective Control System, Controlling Techniques.

Text:

1. Harold Koontz and Heinz, Management A global Perspective

References:

1. S.P. Robbin, Management

2. Griffin, Management


Paper Title: MANAGERIAL ACCOUNTING

1. Managerial Accounting and the Business Environment: Globalization, Strategy, Organizational Structure, Process Management, Ethics in Business, Corporate Governance, CSR

2. Managerial Accounting & Cost Concepts: Definition of Managerial Accounting, Comparison of managerial accounting and financial accounting, General cost classifications, Product costs versus period costs, Cost classifications on financial statements, Cost classifications for predicting cost behavior.

3. Cost Behavior: Analysis and Use: Types of Cost Behaviour Patterns, The Analysis of Mixed Costs, The Contribution Format Income Statement

4. Cost-Volume-Profit Relationships: The Basics of CVP Analysis, Break-Even Analysis, CVP Considerations in Choosing a Cost Structure, Structuring Sales Commissions, Sales Mix

5. Variable Costing: A Tool for Management: Overview of Absorption and Variable Costing, Income Comparison of Absorption and Variable Costing, Extended Comparison of Income Data, Effect of Changes in Production on Net Operating Income, Choosing a Costing Method

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6. Activity-Based Costing: An Overview, Costs Are Treated under Activity-Based Costing, Designing an ABC System, The Mechanics of Activity-Based Costing, Comparison of Traditional and ABC Product Costs, Activity-Based Costing and External Reports, The Limitations of Activity-Based Costing

7. Profit Planning: The Basic Framework of Budgeting, Preparing the Master Budget, The Budgeted Income Statement

8. Standard Costs and the Balanced Scorecard: Standard Costs—Management by Exception, Setting Standard Costs, A General Model for Variance Analysis, Using Standard Costs—Direct Materials Variances, Using Standard Costs—Direct Labour Variances, Using Standard Costs—Variable Manufacturing Overhead Variances, Variance Analysis and Management by Exception, International Uses of Standard Costs, Evaluation of Controls Based on Standard Costs, Balanced Scorecard

9. Flexible Budgets and Overhead Analysis: Flexible Budgets, Variable Overhead Variances—A Closer Look, Overhead Rates and Fixed Overhead Analysis

10. Segment Reporting and Decentralization: Decentralization in Organizations, Responsibility Accounting, Decentralization and Segment Reporting, Hindrances to Proper Cost Assignment, Evaluating Investment Centre Performance—Return on Investment, Residual Income

11. Relevant Costs for Decision Making: Cost Concepts for Decision Making, Adding and Dropping Product Lines and Other Segments, The Make or Buy Decision, Opportunity Cost, Special Orders, Utilization of a Constrained Resource, Joint Product Costs and the Contribution Approach, Activity-Based Costing and Relevant Costs

Text:

1. Ray H. Garrison, Eric W. Noreen & Peter C. Brewer, Managerial Accounting

References:

1. Pierre L. Titard, Managerial Accounting: An Introduction

2. Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, & S. Mark Young , Managerial Accounting: Information for Decision Making and Strategy Execution


Paper Title: FINANCIAL MANAGEMENT

1. Introduction to Financial Management: Concept of Finance and Financial Management- Scope of Finance-Functions of Finance Manager: Executive Finance Function and Routine Function- Goal or Objectives of Finance Manager/ Goal of the Firm: Profit Maximization Vs Wealth Maximization- Organization of Finance Function- Risk return Trade -off in Financial Decisions- Principles of Business Finance.

2. Financial System and Environment: Financial System and its components- Financial Assets and Types- Creation and Transfer of Financial Assets- Financial Markets: Money Markets and Capital Market- Forms of Business Enterprises- Risk in Business and Types of Risks- Methods of Handling Risk in Business.

3. Financial Statements and Cash Flow— The balance Sheet-Accounting liquidity, Debt versus Equity, Value versus Cost, The Income Statement - GAAP, Non-cash Items, Time and Costs, Financial Cash Flow, The Accounting Statement of Cash Flows-Operating, Investing and Financing activities.

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4. Risks and Return Relationship: Definition of Risk and Return- Risk Preferences of Investors- Risk Assessment and Risk Measurement- Types of Risk- Risks of a firm, Risk of a Portfolio, Other Risks, Introduction to Capital asset Pricing Model (CAPM).

5. Valuation of Securities: Concept of Valuation- Bond Valuation- Calculation of Return on Bonds- Current Yield and Yield to Maturity- Valuation of Preferred stock and Common Stock.

6. Capital Budgeting: Introduction to Capital Budgeting- Generating ideas for Capital projects- Capital Budgeting Evaluation Techniques: Pay Back Period, Accounting Rate of Return Method, Net Present Value, Internal Rate of Return, Profitability Index. Comparing NPV and IRR techniques, Problems with IRR approach, MIRR, Incremental Cash Flows; Inflation and Capital Budgeting; Investments of Unequal Lives-replacement decisions, Equivalent Annual Cost Method.

7. Risk Analysis in Capital Budgeting: Types of project risks, Sensitivity Analysis; Scenario Analysis; Monte Carlo Simulation; Decision Tree Analysis; Incorporating risk in investment decision making – Certainty Equivalent Approach and Risk-adjusted Discount Rate Approach; Capital Rationing; Corporate Strategy and Investment Decision.

8. Cost of Capital: Concept of Cost of Capital – Significance of Cost of capital – Capital components: Debt, Equity and Retained earnings—calculating the Costs of the Components: Cost of Debt, Cost of New Common Stock, Cost of Preferred Stock, and Cost of Retained Earnings, Calculating the weighted average cost of capital (WACC).

9. Financial Planning and Control: Financial Planning; Sales Forecast; Projected Financial Statements; Other Consideration in Forecasting; Financial Control – Budgeting and Leverage; Operating Break Even analysis; Financial Break Even Analysis; Use of Leverage for Control.

Text:

1. Besley, Scott, and Brigham, E. F, Essentials of Managerial Finance

Reference: 2. Gitman, L. J, Principles of Managerial Finance


Paper Title: LEGAL ENVIRONMENT OF BUSINESS

1. Nature and Kinds of Contracts: Definition of contract, Essential elements of a valid contract, Kinds of contracts from the perspective of enforceability, mode of creation and extent of execution, Cases.

2. Offer and Acceptance: Definition of offer and acceptance, Legal rules regarding a valid offer, Lapse and revocation of offer, Legal rules regarding a valid acceptance, Cases.

3. Consideration: Definition of consideration, Essentials of valid consideration, Exceptions to the rule “No consideration, No contract”, Cases.

4. Capacity of Parties: Minor, Minor’s agreement, Persons of unsound mind, Disqualified persons, Test questions and practical problems

5. Free Consent: Definition and effect of coercion, Definition and effect of undue influence, Distinction between coercion and undue influence, Definition and effect of misrepresentation, Definition and effect of fraud, Can silence be fraudulent? Distinction between fraud and misrepresentation, Mistake of law and mistake of fact, Test questions and practical problems

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6. Legality of Object and Consideration: What considerations and objects are unlawful, Object or consideration unlawful in part, Effect of illegal agreements on collateral transactions, Test questions and practical problems

7. Void Agreements: Expressly declared void agreements, agreements in restraint of marriage agreements in restraint of trade, agreements in restraint of legal proceedings , uncertain agreements, wagering agreements , agreements contingent on impossible events, agreements to do impossible acts, Test questions and practical problems

8. Contingent Contracts: Definition , Essentials of contingent contracts, Rules regarding performance of contingent contracts, Difference between a contingent contract and a wagering agreement, Test questions and practical problems

9. Performance of Contracts: Who can demand performance, By whom contracts must be performed, Assignments of contracts, Contracts which need not be performed, Test questions and practical problems

10. Discharge of Contracts: Discharge by performance, Discharge by mutual consent, Discharge by subsequent or supervening impossibility or illegality, Discharge by lapse of time, Discharge by operation of law, Discharge by breach of contract, Test questions and practical problems

11. Agency: Definitions of agent and principal, General rules of agency, Distinction between agent and servant, Who may employ agent, Who may be an agent, Kinds of agents, Rights and duties of agent and principal, Termination of agency.

12. Contract of Sale of Goods : Definition and essentials of a contract of sale, Distinction between agreement and agreement to sell, Distinction between sale and hire purchase Test questions and practical problems

13. Transfer of Property: Rules regarding transfer of property, Transfer of property in specific or ascertained goods, Transfer of property in unascertained and future goods, Rule of transfer of title on sale

14. Labor law, 1965 (amended in 2006), Consumer Rights Protection Act, 2009

Texts:

1. M C Kuchhal, Mercantile Law, 7th Edition

2. Lawrence S Clark & Peter D Kinder, Law and Business, 4th Edition

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Paper Title: INTERNATIONAL TRADE & FINANCE

1. Principle of Trading: Basic Terminologies; Benefits and Costs of International Trade; Distinction between Internal and International Trade

2. Classical Theory of International Trade: Absolute Advantage Model; Comparative Advantage Model; Law of Reciprocal Demand-Offer Curve Analysis; Changes in Terms of Trade.

3. International Trade Equilibrium: Neo-classical Analysis; Trade Equilibrium under constant, increasing, and decreasing cost conditions

4. Modern Theory of International Trade: The Heckscher-Ohlin Theorem; Price-Physical criteria of factor Abundance; factor intensity Reversal Argument; Leontief Paradox; Factor Price Equalization Theorem; Stolper-Samuelson Theorem

5. The Tariff Issue: Partial & General Equilibrium; Terms of Trade Effects of Tariffs; Theory of Optimum Tariffs; Import Quotas; Terms of Trade Effects of Quotas; Antidumping Tariff; Effective Rate of Protection

6. The Theory of Customs Unions: Partial Equilibrium Analysis of Custom Union; General Equilibrium Analysis of Custom Union-Lipsey Model; Vanek Model

7. The Balance of Payments: Definitions & Concepts; Current Account, Capital account; Basic Balance; Autonomous and Accommodating Transactions; Mathematical problems.

8. International Trade Flows: Factors affecting International Trade Flows; Correcting balance of Trade Deficit; Foreign direct Investment; Role of MNCs; Agencies facilitating International Flows: IMF, WB, WTO, IFC, IDA, RDA. Their policies in LDCs

9. Exchange Rate Determination: Relative Inflation; Interest; Income level & Govt. Controls.

10. International Arbitrage & Parity: Covered arbitrage; Triangular arbitrage; Locational arbitrage; Purchasing Power Parity (PPP); International Fisher Effect (IFE); Comparison of the IRP, PPP, IFE

Texts:

1. Mannur, H. G; International Economics, 2ndRevisedEdition, Vikas Publishing House Pvt. Ltd.

2. Madura, Jeff; International Financial Management, 8thEdition, Cengage Learning.

3. Krugman, Paul; Obstfeld Maurice; and Melitz, Mare; International Economics: Theory and Policy, 9thEdition, Pearson Publication.


Paper Title: ORGANIZATIONAL BRHAVIOR

1. Introduction to Management and Organizations: The importance of interpersonal skills, What managers do, Enter organizational behavior, Complementing intuition with systematic study, Disciplines to the OB field, Challenges and opportunities, OB model.

2. Diversity in Organizations: Diversity, Biographical Characteristics, Ability, Implementing Diversity Management Strategies.

3. Attitudes and Job Satisfaction: Attitudes, Major job attitudes, Job satisfaction, Measuring job satisfaction, Classes of job satisfaction, Impact of satisfied and dissatisfied employees on the workplace.

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4. Emotions and Moods: Emotions and Moods, Functions of emotions, Emotional labor, Affective events theory, Emotional intelligence, OB applications of emotions and moods.

5. Personality and Values: Personality; Definition and measurements, The Myers-Briggs Type Indicator, The Big Five Personality Model, Different personality traits, Values, The importance of values, Terminal vs instrumental values. Generational values, Linking personality and values.

6. Perception and Individual Decision Making: What is perception, Person perception, linking perception and decision making, decision making, influences on decision making, Ethics and decision making,

7. Motivation Concept: Motivation, Early theories of motivation, Contemporary theories of motivation, Integrating contemporary theories of motivation,

8. Motivation: From concept to application: Motivation by job design, Employee involvement, using rewards to motivate employees.

9. Foundations of Group Behavior: Defining and classifying groups, stages of group development, Group properties; Roles, Norms, Status, Size, and Cohesiveness, Group discussion making.

10. Understanding Work Teams: Difference between groups and teams, Types of teams, Team composition, Team processes, Turning Individuals into Team Players, Pros and cons of teams.

11. Basic Approaches to Leadership: Leadership, Trait theories, Behavioral theories, Contingency theories, Leader-Member Exchange theory, Decision theory; Vroom and Yetton’s Leadership participation Model.

12. Power and Politics: Power, Contrasting leadership and power, Bases of power, Dependency: the key to power, Power Tactics, Politics, Causes and consequences of political behavior, Ethics and political behavior.

13. Conflict and Negotiation: Conflict, Transitions in conflict thoughts, The conflict process, Negotiation, The negotiation process, Individual differences in negotiation effectiveness.

14. Organizational Culture: What is organizational culture? What do cultures do? Creating and sustaining culture, How employees learn culture, Creating an ethical organizational culture, Creating a positive organizational culture, Spirituality and organizational culture.

15. Organizational Change and Stress Management: Forces for change, Planned change, Resistance to change, Approaches to managing organizational change, Creating a culture for change, Work stress and its management.

Text:

1. Stephen P. Robbins, Timothy A. Judge and Neharika Vohra. Organizational Behavior, Pearson Education Inc.

References :

1. Keith Davis and J.W. Newstorm, Human Behavior at Work: Organizational Behavior- 13th Edition, McGraw-Hill Book Company, New York.

2. Colquitt et al, Organizational Behavior 2nd Edition, McGraw-Hill/Irwin, 2010.


Paper Title: LAW AND PRACTICE OF BANKING

1. An Overview of Financial and Banking System of Bangladesh 2. Central Banking 3. Banker-Customer Relationship: Nature and Dimensions

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4. Different Types of Bank Account & their Operations 5. Negotiable Instrument Act 1881 6. Cheques: Types, Endorsement, Crossing of Cheques and Significance of Crossing 7. Different Forms of Bank Credit/Loans & Advances and Principles of Sound Lending

8. Selection of Good Borrower/Entrepreneur, Sanctioning, Documentation, Disbursement, Supervision, Monitoring and Recovery of Loan

9. CRG- Credit Risk Grading

10. Charging of Securities Security: Concept, Characteristics, Types and Valuation

11. Loan Classification, Provisioning and NPL Management

12. Letter of Credit

13. Modes of Transferring Local and Foreign Remittances

14. BASEL Accord, The Bank Company Act, Money Laundering Act

Texts:

1. P.N. Varsheny, Banking Law and Practice - 19th revised edition

2. Ajijur Rahman Khan, Bank Management - A Fund Approach, Rubi Publications, Dhaka.


Paper Title: FINANCIAL MARKETS AND INSTITUTIONS

1. Introduction: Financial assets; Debt vs equity instruments; The price of a financial asset and risk; Financial asset vs tangible asset; Role of financial assets; Financial markets; Role of financial market; Classification of financial market; Market participants; Globalization of financial market and Derivative markets.

2. Financial intermediaries & innovation: Financial institutions; Role of financial intermediaries; Overview of asset/liability management of financial institutions - nature of liabilities and liquidity concerns; Financial innovation; Motivation for financial innovation and Asset securitization.

3. Depository Institutions: Asset/liability problem of depository institutions- interest rate risk and liquidity concerns; Commercial banks – bank services, bank funding and regulation; Savings & loan associations; Savings banks and Credit unions.

4. Insurance Companies: Insurance and types of insurance; Insurance company - Life insurance companies, Property and casualty insurance companies, fundamentals of the insurance industry; Regulation of the insurance industry; structure of insurance company; Forms of insurance company; Types of life insurance.

5. Investment Companies and Exchange Traded Funds: Types of investment companies – open-end funds, closed-end funds and unit trusts; Fund sales charges and annual operating expenses; Economic motivation for funds; Types of funds by investment objective; Taxation of mutual funds; Regulation of funds, Structure of a fund; Exchange traded funds.

6. Pension Funds: Introduction to pension plans; Types of pension plans – defined benefit plans, defined contribution plans, hybrid pension plans and cash balance pension plans, Investments, Regulation of pension fund; Managers of pension funds; Social security.

7. Leasing Companies: Definition of lease and leasing company; Types of leases; Rationale of leasing; Funding; Using of fund, Regulation of leasing company; Mathematical problems on leasing decision and leasing vs. buying decision.

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8. Properties and Pricing of Financial Assets: Properties of financial; Principles of pricing financial assets; Price volatility of financial assets – the effect of maturity, the effect of the coupon rate, effect of the level of yields.

9. Risk/Return and Assets Pricing Model: Portfolio theory – investment return and risk; Diversification; Risk of individual security; Estimating beta; Capital asset pricing model and Arbitrage pricing theory.

10. Primary Markets and the Underwriting of Securities and Secondary Markets: The

traditional process of issuing new securities – underwriting, gross spread, initial public offerings, selling group; Investment bankers; Regulation of primary market; Variation in underwriting process – bought deal, auction process and preemptive rights offering; Private placement of securities; Concept of secondary market; Functions; Trading locations; Market structures; Perfect markets; Role of brokers and dealers; Market efficiency – operational and pricing.

Texts:

1. Frank J. Fabozzi, Franco, Foundations of Financial Markets and Institutions 2. Jeff Madura, Financial Markets and Institutions

Reference:

1. Financial Markets and Institutions – H. M. Mosarof Hossain (2nd edition)


Paper Title: INSURANCE AND RISK MANAGEMENT

RISK MANAGEMENT

1. Introduction and Objectives: Risk and its Management –Risk, Direct Vs Indirect Expected Losses, Types of Risk Facing Businesses and Individuals, Risk management process and methods.

2. Objective of Risk Management: Understanding cost of risk, Components and tradeoffs, Firm value maximization and cost of risk, Individual Risk Management and cost.

3. Risk Identification and Measurement: Identifying business and individual risk exposures, Evaluating the frequency and severity of Losses.

4. Pooling Arrangements and Diversification of Risk: Risk reduction through Pooling independent losses, Pooling arrangements with correlated losses, Ex Ante Premium payment Vs Ex Post Assessment.

INSURANCE

1. The nature, elimination and spreading of risk: Introduction of insurance, Objectives of insurance, Elements of risks, Elements of uncertainty, Chance and probability, Response to risk, Spreading risks by insurance, Importance of insurance in our business world, Pooling of risks, Nature, meaning, classification and cost of risk.

2. Insurable interests: Law of contract, Subject Matter of insurance contracts, Essential features of insurable interests, Application of insurable interests to different types of insurance, Features common to all branches of insurance, Insurance & Wagering, Assignment.

3. Utmost good faith: Introduction, Importance of utmost good faith, Duty of disclosure, Material fact, Breaches of utmost good faith, Void, void able and unenforceable contracts.

4. Indemnity, Subrogation and Contribution: General features, Objectives, Method of providing indemnity, Importance of subrogation, Subrogation Castellan Vs Preston (1883), The principle and its application in claims-Ex Gratia, Salvage and Abandonment, Principle of Contribution and its application in claims.

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5. The Principle of Proximate Cause: The Doctrine, Rule of proximate cause, Waiver of the doctrine.

6. The functions of insurance: Equitable distribution of loss, Rating, Reduction of losses, Insurance investments, Application of awareness of insurance.

7. Types of insurance: Importance, application and contents of Marine insurance, Fire insurance, Aviation insurance, General insurance, Life insurance.

8. Scope of Insurance: Insurance of the property, Insurance of the person, Personal accident and sickness, Ordinary Life, Annuities, National Insurance, Insurance of Interest: Fidelity, Credit & Performance Bond.

9. Concept of re-insurance: Importance of re-insurance, Application of re-insurance, Availability of re-insurance, Law relating to re-insurance

10. Insurance Business in Bangladesh: IDRA Act 2010, Insurance Act 2010, Development of Insurance Business in Bangladesh.

Texts:

1. Scott R. Harrington and Gregory R. Niehaus (2004) Risk Management & Insurance, 2nd Edition, Boston, McGraw-Hill/Irwin Publishing

2. Risk and Insurance, Bangladesh Insurance Academy, Azizul Huq Chaudhuri

References:

1. Insurance- Principle & Insurance, 9th editions, M.N. Mishra 2. Fundamental of Risk & Insurance, 8th editions, Emmet J. Vaughan and Therese M. Vaughan


Paper Title: HUMAN RESOURCE MANAGEMENT

1. The strategic role of Human Resource Management: Human Resource Management: HRM at Work, Functions of HRM, Personnel Aspects of a Manager’s Job, Line and Staff Aspects of HRM, Line Managers’ HRM Responsibilities, The Trends Shaping HRM, Today’s New HRM, Improving Performance- The Strategic Context.

2. Job Analysis and the Talent Management Process: The Basics of Talent Management, Job Analysis, Types of Information Collected, Uses of Job Analysis Information, Conducting a Job Analysis, Methods of Collecting Job Analysis Information, Writing Job Descriptions, Job Specifications, Job Analysis in a “Jobless” World, Job enlargement, Job enrichment, Job rotation.

3. Personnel Planning and Recruiting: Workforce Planning and Forecasting, Steps in Recruitment and Selection Process, Planning and Forecasting Tools, Drawbacks to Traditional Forecasting Techniques, Internal Sources of Candidates, Forecasting Outside Candidate Supply etc. Factors Affecting Recruiting, Measuring Recruiting Effectiveness, Recruiting a More Diverse Workforce.

4. Employee Testing and Selecting: Testing concept: validity, reliability, Types of tests: tests of cognitive abilities, motor and physical abilities, measuring personality and interests, achievement tests, Work Sample and Simulation: management assessment centre, Background Information and Other Selection Methods.

5. Interviewing Candidates: Types of interviews, Interviews formats, Interview Content: Types of Questions, Personal or Individual Interviews etc. Computerized Interviews, Factors Affecting Interviews etc. Designing and Conducting an Effective Interview.

6. Training & Developing Employees: Orienting New Employees, Overview of the Training & Development process, Training and Learning, Analyzing training needs. Implementing the

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Training Program, Implementing management development program, Managing organizational change program, Evaluating the effectiveness of training.

7. Performance Management and Appraisal: Performance Appraisal, Techniques for appraising performance: Graphic rating scale, Alternative ranking, Paired comparison, Forced distribution, Critical incident, BARS, MBO, Managing the Appraisal Interview, Performance Management.

8. Managing Careers and Retention: Career management, Roles in career development, Managing promotions and transfers, Managing employee turnover and retention, Employee life- cycle career management, Managing dismissals.

9. Pay for performance and financial incentives: Basic factors in determining pay rates, Job evaluation methods, Creating a market competitive pay plan, Pricing managerial and professional jobs, Contemporary topics in compensation.

10. Benefits and Services: The benefits picture today, Pay for time not worked, Insurance benefits, Retirement benefits, Personal services and family-friendly benefits, Flexible benefits programs.

Text:

1. Human Resource Management, Garry Dessler, 15th Edition, Prentice- Hall, India

References:

1. Fundamental of Human Resource Management, David. A. Decenzo and Stephen Robins- 12th Edition, McGraw-Hill


Paper Title: BUSINESS TAXATION

1. Introduction to Bangladesh Income Tax and Income tax authority: Bangladesh Tax Structure, Sources of Tax Law and Practice, Scope of Bangladesh Income Tax, Structure of IT Ordinance, 1984, Objectives and Importance of Income Tax, Role of Income Tax, Some Concepts. Various Income Tax Authorities, Appointment of Income Tax Authorities, NBR, Powers and Functions of Income Tax Authorities, Tribunal

2. Charge of Income Tax and Heads of Income: Charge of Income Tax, Surcharge, Additional Tax, Minimum Tax; Scope of Total Income, Income Deemed to Accrue of Arise in Bangladesh, Heads of Income, Income from Salaries, Income from Interest on Securities, Income from House Property, Agriculture income, Income from business or profession, Capital gain, Income from other sources.

3. Set off and carry forward of losses: Set Off and Carry forward of Losses, Procedures to set off and carry forward of losses, Set off and Carry Forward of Loss in Speculation Business, Carry forward of loss of unabsorbed depreciation

4. Assessment of individual: Scope of Income of Individual Assessee, Non-assessable and Tax Credit Income, Tax rate of individuals, Exemptions and allowances, Assessment procedures

5. Assessment of companies: Companies; Residential status of companies; Tax withholding; Applicable tax rates for companies; Tax credit; Tax holiday; CSR; Scope of income.

6. Return of Income: Requirement to file return of Income, Form of submission of Return, Tax Day, Documents to be submitted along with the Return of Income

7. Advance payment of tax: Requirement to pay advance tax; Computation of advance tax; Installment of advance tax; Estimate of advance tax; Failure to pay installment

8. Double taxation relief: Double taxation- some basic concepts; Agreement of avoidance of double taxation; Relief in respect of income arising outside Bangladesh; Methods of avoiding double taxation; Tax treaty

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9. Value Added Tax (VAT): VAT system in Bangladesh, VAT Authorities and Organization, VAT Act 2012, Imposition of VAT, Application of Tax Rate, Tax exemptions

Text:

1. Myron, S, Shcoles – Taxes and Business Study- A Planning Approach

Reference:

1. Taxation II, Study Manual (Covering Finance Act of the respective year), CA Professional Level, ICAB.


Paper Title: AUDITING & ASSURANCE

1. Concept of and need for assurance: What is assurance? Levels of assurance; Audit; Elements of audit engagement; Why is assurance important?; Why can assurance never be absolute?

2. Obtaining audit engagement: Obtaining an engagement; Accepting an engagement; Agreeing terms of an engagement; Audit engagement letter

3. Audit planning: Planning; Key contents of an overall audit strategy; Understanding the entity; Professional skepticism; Analytical procedures; Materiality; Continuous risk assessment- Audit risk model

4. Introduction to internal control: What is internal control? ; Components of internal control- the control environment, Business risk and the entity's risk assessment process, The information system relevant to financial reporting objectives, Control activities and monitoring of controls.

5. Evidence: Evidence; Procedures to obtain evidence; Financial statement assertions; Test of control or tests of detail? Computer assisted audit techniques (CAAT); Directional testing.

6. Sampling: Selecting items to test- concept of sampling, design of sample, selecting the sample, drawing conclusion from sampling

7. Audit of revenue system: Sales ordering- risk, control, Test of controls; Dispatch and invoicing-Risk, Control and test of control; Recording- risk, Control and test of control; Cash collection-risk, Control and test of control.

8. Audit of purchase system: Purchase ordering- risk, control, test of controls; Goods inward and recording of invoice-Risk, Control and test of control; Cash payment-risk, Control and test of control

9. Substantive procedures- key financial statements figures: Non-current assets- Tangible non- current assets, Intangible non-current assets; Inventory; Receivables; Bank; Payables; Income Statement items

10. Documentation: Purposes of documentation; Form and content of documentation; Automated working papers; Filing working papers; Safe custody and retention of documentation; Ownership of and right of access to documentation

11. Reporting: Reporting- Types of opinion, Contents of audit report, Example of audit report, Circumstances when a modification to the auditor's report is required; Determining the type of modification to the Auditor’s Opinion; Audit report with qualified opinion; Audit report with adverse opinion; Audit report with disclaimer of opinion

12. Codes of professional ethics: Professional ethics; IFAC Code; ICAB Code

Text:

1. Auditing: An Integrated Approach, Alvin Arens, James Loebbecke

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Reference:

1. Assurance –Study Manual (CA- Certificate Level)


Paper Title: GOVERNMENT FINANCE

1. Introduction: Public finance and Ideology, Organic and Mechanistic view of government, The legal framework, Size, Expenditure and revenues of Government.

2. Positive and normative analysis: The role of the theory, Experimental Studies, observational Studies, Quasi- Experimental Studies, Welfare Economics, The First and Second Fundamental Theorem of Welfare Economics, Market efficiency, Efficiency and Equity, Market Failure.

3. Public goods: Public goods defined, Efficient Provision of Public Goods, Privatization Debate, Public Goods and Public choice.

4. Externalities: The Nature of Externalities, Graphical Analysis, Private responses, Public Responses to Externalities: Taxes and Subsidies, Emissions Fees and Cap-and Trade Program, Implications for Income Distribution, Positive Externalities.

5. Income redistribution- conceptual issues: Distribution of income, Interpreting the distributional data, Rationales, Simple Utilitarianism, The maximum criterion, Pareto efficient income, Redistribution, Non-individualistic views, other considerations.

6. Cost-benefit analysis: Present value, Private Sector Project valuation, Discount Rate for Government Projects, Valuing Public Benefits and Costs, Games Cost-Benefit Analysts Play, Distributional Considerations, Uncertainty.

7. Taxation and income distribution: Tax Incidence: General Remarks, Partial Equilibrium Models- unit tax on commodities, Ad valorem taxes, taxes on factors, commodity taxation without competition, profit taxes, tax incidence and capitalization; General Equilibrium Models- Tax equivalence relations, The Harberger model, analysis of various taxes.

8. Taxation and efficiency: Excess Burden defined, Excess burden measurement with demand curves, Differential taxation of inputs, Does efficient taxation matter?

9. Efficient and equitable taxation: Optimal commodity taxation, Optimal user fees, Optimal income taxation, Politics and the Time inconsistency problem, Criteria for tax design

10. Deficit finance: How big is the debt?- Interpreting deficit, surplus and debt numbers, The burden of the debt, To tax or to borrow?- Benefits received principle, intergenerational equity, Efficiency considerations, macroeconomic, moral and political considerations.

Texts:

1. Public Finance by Harvey S. Rosen (7th Edition).

2. Economics of the public sector by Joseph E. Stiglitz (3rd Edition)


Paper Title: COMMERCIAL BANK MANAGEMENT

1. Banks and Financial Services: An overview of Banks and their financial services, Contemporary conditions of Banking Industry in Bangladesh.

2. Financial statements of Banks

3. Asset Liability Management (ALM): Determining and measuring the interest rates and controlling a bank’s interest sensitive gap

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4. Asset Liability Management (ALM): ALM strategies , concept of duration and managing a bank’s durations and risk management tools like VAR etc

5. Introduction to Commercial Lending

6. Process of Commercial Lending

7. Managing Liabilities

8. The investment Functions in Banking

9. Liquidity management of Commercial Bank: Liquidity and Reserve Management Policies and strategies with special focus in BD

10. Management of Bank’s Equity Capital - Basell–II & Basell-III, Capital Requirement, Supervisory Review, Market Discipline, CAMEL Rating guideline by Bangladesh Banks

11. Stress Testing of Commercial Banks: Stress Testing Guideline -2010 of Bangladesh Bank

12. Use of Derivative Instruments: Using Futures and Forwards, Swaps and other Hedging Tools in Asset-Liability Management:

13. Commercial Bank Management in Bangladesh

Texts:

1. Commercial Banking: The Management of Risk by Fraser, Gup & Kolari, 3rd Edition 2. Management of Commercial Bank by Peter S. Rose, 5th Edition


Paper Title: E-COMMERCE & E- BANKING

1. Electronic Banking: An Introduction: Definition, evolution, stakeholders, significance, limitations and E-banking in Bangladesh.

2. Fundamentals of E-banking & Its Delivery Channels: Classifications of e-banking, e-banking services in Bangladesh, components, delivery channels and their risks etc.

3. Data Communication & Network Infrastructure for E-banking: Internet banking, four phases, developing internet banking offering, use of IT, computer networking, data communication, data transmission etc.

4. Plastic Money/ E-Cash & Electronic Payment System: Types of plastic money, types of card transactions, card fraud and prevention, electronic payment systems & security, BACH, MICR etc.

5. Mobile Financial Services: Mobile vs. online banking, architecture of mobile banking, advantages & disadvantages, security requirement, mobile banking in Bangladesh etc.

6. Security Issues of Online Banking & Business: Computer security risks, fundamentals of network & internet security, core principles, security in e-banking, cyber crime, guidelines on IT risk management etc.

7. E-Commerce: The Revolution is Just Beginning: Definition, e-commerce vs. traditional commerce, e-commerce vs. e-business, features, types/business models of e-commerce, organizing themes of e-commerce benefits, limitations, technologies, E-commerce in Bangladesh etc.

8. E-Commerce Business Models & Concepts: Key elements of e-commerce business model, major B2B & B2C business models, changes to business etc.

9. E-Commerce Infrastructure: Internet, Web & Mobile Platform: Key technology concepts of internet, cloud computing model, internet today & future infrastructure, web features & services, mobile apps etc.

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10. Building an E-Commerce Presence: Imagination, Systematic approach, software & hardware, other site tools, mobile websites & apps etc.

11. E-Commerce Security & Payment Systems: E-commerce security environment, security threats & solutions, management policies, payment systems etc.

12. E-Commerce Marketing & Advertising Concepts: Internet audience & consumer behavior, Digital marketing & advertising strategies, internet marketing technologies, cost & benefits of online marketing etc.

13. Social, Mobile & Local Marketing: Social marketing in Facebook, Twitter & Pinterest, Mobile marketing, local marketing etc.

Text:

1. K. C. Laudon & C. G. Traver; E-Commerce. 10th Edition, Pearson.

References:

1. Shibli Rubayat-Ul-Islam, E-Banking & E-Commerce. 1st Edition, Dhaka Prokash. 2. Mahmood Shah and Steve Clarke; E-Banking Management: Issues, Solutions & Strategies. Latest

Edition.

3. Sanjay Mohapatra; E-Commerce Strategy: Text and Cases. Latest Edition, Springers.

4. Martin Kütz; Introduction to E-Commerce: Combining Business and Information Technology. Latest Edition.

5. Gary P. Schneider; Electronic Commerce. Latest Edition.

Paper Code: Fin-4004 Marks : 100 Credits : 4 Class Hours : 60

Paper Title: FINANCIAL STATEMENT ANALYSIS & VALUATION

1. Financial Statement Analysis: An Introduction, Scope of Financial Statement Analysis, Major Financial Statements and Other Information Sources, Financial Analysis Framework, Need for Financial Statement Analysis – Users of financial statements, The role of financial reporting in capital markets.

2. Accounting Analysis: Incentives for distortion of earnings; Factors Influencing Accounting Quality; Steps in Accounting Analysis; Implementing Accounting Analysis; Distortions in Assets, Liabilities and Equity.

3. Financial Analysis Techniques: The Financial Analysis Process, Analytical Tools and Techniques, Common Ratios Used in Financial Analysis, Three Factor Du Pont Analysis; Five Factor Du Pont Analysis; Alternate Decomposition of ROE; Equity Analysis, Credit Analysis, Business and Geographic Segments, Model Building and Forecasting; Cash Flow Statement and Analysis.

4. How financial statements are used in valuation: Multiple analysis, Screening with multiples, Asset-backed valuation, Fundamental analysis, The architecture of fundamental analysis.

5. Cash accounting, accrual accounting and discounted cash flow valuation: The dividend discount model, The discounted cash flow model, Reverse engineering, Simple valuation models, FCFF and FCFE Valuation Approaches, Forecasting Free Cash Flow.

6. Accrual accounting and valuation: pricing book values: The concept behind the price-to-book ratio, Prototype valuations. A model for anchoring value on book value, Applying the model to equities, Applying the model to projects and strategies, Features of the residual earning model, Reverse engineering, The building blocks of a residual earning valuation, Choices in valuation models.

http://bookboon.com/en/search?q=author%3A%22Martin%20K%C3%BCtz%22

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7. The Analysis of the statement of shareholder’s equity: Reformulating the statement of owner’s equity, Dirty-surplus accounting, Hidden dirty surplus.

8. The Analysis of the balance sheet and income statement: Reformulating the balance sheet, Reformulating the income statement.

9. The Analysis of Profitability: Cutting to the core of the operations: the analysis of profitability, First-level breakdown: Distinguishing financing and operating activities and the effect of leverage, Second-level breakdown: drivers of operating profitability, Third-level breakdown.

10. Full-information forecasting: Valuation and business strategy analysis – Financial statement analysis: focusing the lens on the business.

11. Credit Analysis and Distress Prediction: The market for credit; Credit Analysis Process; Financial Statement Analysis and Public Debt- Debt Rating, Factors affecting debt ratings; Predicting Financial Distress and turnaround.

12. Private Company Valuation: The Scope of Private Company Valuation, Definitions (Standards) of Value, Private Company Valuation Approaches

Text:

1. Financial Statement Analysis and Security Valuation by S. H. Penman.

2. Business Analysis and Valuation by Palepu, Healy and Bernard.

References:

1. Financial Statement Analysis by George Foster


Paper Title: CORPORATE FINANCE

1. Corporate Finance: The Balance-Sheet Model of the firm; Capital Structure and The Financial Manager; Goals of the Corporate Firm—Agency Costs and Set-of-Contracts Perspectives; Managerial Goals; Separation of Ownership and Control.

2. Capital Structure Theory & Policy: Pie theory, Can an Optimum Capital Structure be determined? MM proposition-I & II, Firm Value and Financial Leverage, Taxes – corporate taxes; Expected returns & leverage; Capital Structure & Cost of Capital; Capital Structure: Limits to the use of debt — cost of financial distress, — personal & corporate taxes; Debt signaling, Pecking order theory explaining financial choices, Agency theory and its effects on capital structure; Checklist.

3. Dividend Policy: Dividend, Types of Dividend, Methods of Dividend Payment, Dividend versus Capital Gains, Dividend and Firm value — Dividend irrelevance argument, Homemade Dividend, Bird-in-the-Hand fallacy, Market imperfection & taxes; Real world factors favoring a high dividend policy, A Resolution of Real world factors — Linter model; Information content of dividend (Dividend Signaling), clientele effects; Ex-dividend stock price behavior, Common Stock Repurchase, Stock Dividend and Stock Split; What we know and do not know about dividend policy.

4. Issuing Securities to the Public: The Public Issue, Prospectus, Alternative issue methods-Cash Offer and Right Offer, Firm Commitment and Best Effort, Flotation Methods-Fixed Price, Auction Pricing, Direct Listing and Book Building Method, IPO valuation, The cost of new issues, IPO puzzle- under-pricing, hot wave and long-run underperformance, Overshooting behavior, Rights-Offering.

5. Mergers & Acquisition: Forms of Acquisition, tax forms of Acquisition; Accounting for Acquisition; rationale for mergers and takeovers, The NPV of a merger; methods and financing

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techniques and strategies to foil takeover. Corporate restructuring and control: asset engineering and financial structuring — assets sales, spin off, divestitures—equity carve out.

6. Corporate Reconstruction and Re-organization – Estimating Credit Risk –approach to credit risk analysis—Ratio analysis, rating agencies approach, Structural model, Capital Reconstruction- Types, Formulating a scheme, Factors affecting the success of schemes, Divestment- Reasons for divestment, Divestment Strategy, Management Buyouts, Commercial aspects of buyouts, Financial aspects of buyouts, Exit routes.

7. Distress Analysis — Financial Distress and Bankruptcy, What Happens in Financial Distress; Bankruptcy Liquidation and Reorganization, Indicators of financial distress, Multivariate Models of Distress Prediction–Multiple Discriminant Analysis (MDA), Altman’s Model–Z Score analysis; CRG Score

Text:

1. Corporate Finance by Ross, Westerfield and Jaffe, 8th Edition.

References:

1. Principles of Corporate Finance by Brealey and Myers, 6th Edition


Paper Title: INVESTMENT ANALYSIS& PORTFOLIO MANAGEMENT

Investment Analysis

1. Introduction to Investment Analysis: Investment, Measures of Risk and Return, Determinants of Required Rate of Return, Relationship between Risk and Return

2. Securities Markets: Market; Primary and Secondary market; Security Exchange and OTC market; Analysis of exchange market; Changes in the securities market

3. Introduction to Security Valuation: Three-step valuation process; Theory of valuation; Valuation of alternative investments; Relative valuation techniques

4. Company Analysis and Stock Valuation: Company Analysis versus Valuation of Stock; Economic, Industry and Structural Links to Company Analysis; Company Analysis, Estimating Intrinsic Value, Estimating Company EPS, Competitive Strategies, Estimating Company Earning Multipliers, Additional Measures of Relative Value, Analysis of Growth Companies, Measures of Value Added.

5. Technical Analysis: Benefits of and Challenges to the assumptions and Technical Trading Rules; Technical Trading Rules and Indicators

6. Bond Valuation: Bond Fundamentals and Basics of Bond Valuation, Duration

Portfolio Management

1. Industry Perspective: The Portfolio Management Process (PMP): Theoretical foundations (MVA vs. Behavioral approach); Industry Structure – buy-side and sell-side perspectives, Roles of AMCs and Brokerage firms

2. MVA Theoretical Foundation: Mean Variance Analysis: Theory, Measuring expected risk & return of portfolio, Two risky assets, Many risky assets, Delineating efficient portfolio, Shape of the Portfolio Possibilities Curve (PPC), Minimum Variance Portfolio (MVP), The efficient frontier with riskless lending & borrowing

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3. Portfolio Construction: Portfolio Construction: Efficient frontier for alternate scenarios – Short sales allowed with riskless lending & borrowing, Short sales allowed but no riskless lending & borrowing, riskless lending & borrowing with short sales not allowed, No short selling and no riskless lending & borrowing, The Correlation Structure of Security Returns: (a) The single index model, (b) multi index model & grouping activities

4. CME & AA: Capital Market Expectations Setting and Asset Allocation

5. Performance Evaluation: Evaluation of Portfolio performance and stylized portfolio management: (a) Composite portfolio performance measures (Sharpe ratio, Treynor ratio, M square, Jensen’s alpha & (b) Performance attribution analysis: Analyzing sources of risks, Active return and active risk, constructing tracking portfolio or stylized portfolio etc.

6. Behavioral Finance: Theoretical Foundation: Behavioral Finance and Portfolio Management, The Behavioral Finance Perspective, Investor Behavioral Biases, Behavioral Finance and Investment Processes

Texts:

1. Reilly and Brown, Investment Analysis & Portfolio Management 2. Bodie, Kane, and Marcus, Investments – 11th Edition, McGraw Hill Education

Reference:

1. Elton and Gruber, Modern Portfolio Theory – 6th Edition, John Wiley & Sons


Paper Title: WORKING CAPITAL MANAGEMENT

1. Introduction to Management of working capital: Working capital defined, Nature and importance of working capital, permanent and variable, gross and net working capital, determinants of working capital, policies for financing current assets, issues in w/c management, needs for working capital, levels of working capital, working capital management, risk return trade off, estimating w/c needs.

2. Aggregate liquidity and working capital management: Concepts of aggregate liquidity, traditional vs. modern approaches to measure aggregate liquidity, strategies for aggregate liquidity management.

3. Liquidity and cash flow management: Cash mgt, cash management cycle, strategies for cash mgt, motives for holding cash or near cash items, role of money market, different types of float, holding cash and marketable securities, managing cash collection and disbursements, floatation and cheque clearing, use of lockbox, lockbox location problem, factors to be considered for lockbox location problems, cash concentration strategies, investing surplus cash in marketable securities, selecting investment opportunities, types of short term investment opportunities, management of disbursement float, controlled disbursement, zero balance accounts, electronic fund transfer, remote disbursement.

4. Cash Forecasting: Needs and types of forecasting cash flows, traditional forecasting techniques, cash cycle, fluctuating levels of cash, types of cash forecast, items to be forecasted, methods of cash forecasting, forecasting collections from accounts receivable, distribution of a daily forecast, sources of uncertainty in cash forecasting, problems with certainty approach, estimating uncertainty in cash forecasts, hedging cash balance uncertainties.

5. Models for the management of cash and Temporary investment: Why and what models, Baumol Model, Beranek Model, Miller-ORR model, Stone Model with problems and solutions

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6. Trade credit and credit granting decision: Needs for credit sale, different types of credit terms, credit standards, costs of credit grating decision, credit granting decisions for different types of clients, different models tor taking efficient credit granting decisions, multiple discriminant analysis.

7. Monitoring Accounts Receivables: Importance of monitoring accounts receivables, techniques of monitoring (aging schedule, average collection period, collection experience matrix) factoring.

8. Inventory Management: Importance of carrying inventory, alternatives to holding inventory, cost of inventory management, characteristics of inventory situations, approach in inventory strategy, EOQ model and other related issues, variations on the basic EOQ model, safety stock strategy for handling uncertainty, monitoring inventory balance.

9. Working capital management practices in Bangladesh: Case studies

Texts:

1. Frederick C. Scherr, Modern Working Capital Management: Text and Cases 2. Terry S. Maness and John T. Zietlow, Short-Term Financial Management


Paper Title: STRATEGIC MANAGEMENT

1. Strategic Leadership: Managing the strategy-making process for competitive Advantage: Strategic leadership, Competitive advantage and superior performance; Strategic managers, The strategic making process, Strategy as an emergent process, Strategic planning in practice, Strategic decision making, Strategic leadership

2. External analysis: The identification of opportunities and threats: Defining an industry; Competitive forces model; Strategic groups within industries; Industry life cycle analysis; Limitations of models for industry analysis; The Macro environment

3. Internal analysis: Distinctive competencies, competitive advantages and profitability: The roots of competitive advantage; The value chain; The building blocks of competitive advantage; Business models, The value chain and generic distinctive competencies; Analyzing competitive advantage and profitability; The durability of competitive advantage; Avoiding failure and sustaining competitive advantage

4. Building competitive advantage through functional-level strategies: Achieving superior efficiency; Materials management, Just-in-time systems and efficiency; Achieving superior quality; Achieving superior innovation; Achieving superior responsiveness to customers

5. Business level strategy: Low cost and differentiation; Who are our customers? Market segmentation; Business-level strategy choices; Business-level strategy, Industry and competitive advantage; Implementing business-level strategy; Competing differently: searching for a blue ocean

6. Business level strategy and the industry environment: Strategies in fragmented industries, Strategies in embryonic and growth industries, Strategies in mature industries; Strategies in declining industries, Industry fragmentation, Herfindahl-Hirschman Index

7. Strategy in a global environment: Global and national environment, Increasing profitability and profit growth through global expansion; Cost pressures and pressures for local responsiveness; Choosing a global strategy; The choice of entry mode; Global strategic alliances

8. Corporate level strategy: Horizontal integration, Vertical integration and strategic outsourcing: Corporate level strategy and the multi-business model; Horizontal integration: single-industry

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corporate strategy; Vertical integration: entering new industries to strengthen the ‘core’ business model; Alternatives to vertical integration; Strategic outsourcing

9. Corporate level strategy: Related and unrelated diversification: Increasing profitability through diversification; Diversification types; The limits and disadvantages of diversification; Choosing corporate-level strategy; Entering new industries – internal new ventures; Entering new industries – acquisitions; Entering new industries – joint ventures.

10. Blue Ocean Strategy: Concepts and Applications.

Texts:

1. Theory of Strategic Management with cases— Hill and Jones 10th edition, Houghton Mifflin: Boston

2. David, Fred R, Strategic Management: Concepts and Cases, 13th edition, Pearson Education, Inc 2012

References:

1. Strategic Management, concepts and cases by Arthur A. Thompson, A. J. Strickland III. 12th edition McGraw-Hill/Irwin