DEPARTMENT OF MANAGEMENT STUDIES

CURRICULUM

MASTER OF FINACIAL MANAGEMENT (MFM) +SAP ECC Integrated Programme

2013

Hosur Road, Bangalore – 560 0029, Karnataka, India

DEPARTMENT OF MANAGEMENT STUDIES MASTER OF FINACIAL MANAGEMENT (MFM) +SAP ECC Integrated Programme

COURSE STRUCTURE 2013 I Semester

Course code Title No. of hours Marks Credits MFM 131 Corporate Accounting 4 100 3 MFM 132 Contemporary Management 4 100 3 MFM 133 Indian Financial system 4 100 3 MFM 134 Quantitative Techniques for Business Decisions 4 100 3 MFM 135 Corporate and Securities Law 4 100 3 MFM 136 Financial Management 4 100 3 MFM 171 Managerial Development Skills – 1 4 Grade 1 MFM 172 Industry Review Project (Minor) - Grade 1 FOC 131 Holistic Education 1 Grade 1

TOTAL 29 600 21 II Semester

Course code Title No. of hours Marks Credits MFM 231 Management Accounting 4 100 3 MFM 232 Applied Financial Economics 4 100 3

MFM 233 Banking Law and operation 4 100 3 MFM 234 Research Methods and Data analysis 4 100 3 MFM 235 Business Information System 4 100 3 MFM 236 Corporate Governance and Business ethics 4 100 3 MFM 271 Managerial Development Skills – 2 4 Grade 1 MFM 272 Social Responsibility Project (Minor) - Grade 1 FOC 231 Holistic Education 1 Grade 1

TOTAL 29 600 21 III Semester

Course code Title No. of hours Marks Credits MFM 331 Project Appraisal & Financing 4 100 3 MFM 332 Strategic Financial Management 4 100 3 MFM 333 Management of Public Finance 4 100 3 MFM 334 Security analysis & Portfolio management 4 100 3 MFM 335 Fixed income securities and Treasury

Management 4 100 3

MFM 336 Direct taxes 4 100 3 MFM 371 Internship& project (Minor) 100 3 MFM 372 Managerial Development Skills – 3 4 Grade 2

TOTAL 28 700 23 IV Semester

Course code Title No. of hours Marks Credits MFM 431 Wealth Management 4 100 3 MFM 432 Corporate Tax Planning and Management 4 100 3 MFM 433 International Finance 4 100 3 MFM 434 Commodity Markets & Derivatives 4 100 3 MFM 435 Corporate Restructuring 4 100 3 MFM 436 Insurance Management 4 100 3 MFM 471 Dissertation-project (Major) 100 3 MFM 472 Managerial Development Skills – 4 4 Grade 2

TOTAL 28 700 23

Total Marks 2600 Total credits 88 Managerial Development Skills – 1 (Seminars, Communication workshops, Presentation, Case Analysis & Social responsibility Project) Managerial Development Skills – 2 (Seminars, Presentations, Case Analysis & Industry Review Project) Managerial Development Skills – 3 (Seminars, Presentations, Case Analysis & Entrepreneurship Project) Managerial Development Skills – 4 (Seminars, Presentations, Case Analysis &Personality development Programmes)

VALUE ADDED COURSE

SAP Certification on R3 FI AND Co MODULE

Course code Title No. of hours Marks Credits

SAPFI -131 Financial Accounting – II 2 50 2 SAPCO -231 Management accounting – I 4 100 4 SAPCO -232 Management Accounting - II 4 100 4

Total Marks and Credits 250 10

SAP ASSESSMENT AND CERTIFICATION Certification Test - Online Certification: Certified Application Associate - Management Accounting with SAP ERP 6.04

with SAP ERP 2005 covering training courses SAP125, ERP001, ERP020, TFIN20, SM001, TFIN22

MFM Assessment Criteria Components Marks Weightage Final Marks CIA - I Mid Term Exam 50 50% 25 CIA – II Written assignments 20 50% 10 Article Review CIA - III Case study

20 50% 10 Micro Presentations MCQ Attendance 5 End Examination Written 100 50% 50 CIA Components Multiple Choice Quiz (10 Marks): This component tests familiarity and understanding the content of the course. Students who regularly attend classes and read the text and other relevant materials will be able to do well in the Quiz. Article Review (10 Marks): The purpose of article review is the active participation in the class and developing analytical and critical thinking on various contemporary topics of the course. This is achieved through looking out for articles related to the assigned topic/areas in library and online research, reading through it and preparing a summary about it for classroom Written Assignments (10 Marks): The objective is to develop writing and research skills of the students. You are required to follow APA format for any referencing. General rubrics for assessing essays will be followed for grading purpose. Micro Presentations: Students are required to make micro presentations on assigned topics on the relevant subjects

Case study: The objective is to impart case analytical skills to students. It is a mandatory component of assessment.

Group Projects (10 Marks): Group projects will involve working with your peers outside of class on a specific project. You will be asked to study an organization and the HR issues is has to dealt with. You have to suggest strategies they can adopt to resolve these issues.

MASTER OF FINACIAL MANAGEMENT (MFM) +SAP ECC Integrated Programme

About the Programme The objective of the program is to provide a comprehensive and competent alternative to professional programs in finance, such as Chartered Accountancy, Management Accountancy, Financial Analysts etc with special reference to industry needs. There is significant shortage of manpower to competently handle financial management and investment functions of the industry. Professionally qualified personnel in the long run divert themselves in to independent professional practice, making the industry, quite often dependent on younger and less experienced professionals.

Course Specific objectives: To provide high quality professional education to the management students with focus on

finance. To enable the students to enhance the analytical, application oriented and scenario based

learning through SAP R3 programme with Co Module. To facilitate students to meet the managerial challenges of the 21st century with focus on the

development of the whole person with conceptual, analytical and communication skills. To prepare young minds with a positive mental attitude for excellent performance and

committed service. To focus on the development of the whole person with conceptual, analytical and

communication skills. To prepare young minds with a positive mental attitude for excellent performance and

committed service To develop independent thinking by each student. To encourage more industry academic interface. To conduct outbound training in the areas of management. To supplement with guest lectures from industry experts and consultants. To enhance the presentation skills.

MFM 131: CORPORATE ACCOUNTING 21st century corporate world is not restricted to single business and national boundaries. The Corporate need to have a global perspective and grow accordingly. The objective of including corporate accounting is to give a clear understanding and knowledge to the students in the area of corporate accounting and other related matters. MFM 132: CONTEMPORARY MANAGEMENT The objective is to enable students to practice negotiating real world business and also learns the changes, challenge, new rules & innovations in the contemporary business. MFM 133: INDIAN FINANCIAL SYSTEM Financial system of a country is closely related to the economic development. There is drastic change in the functioning of financial system in this era of liberalization, privatization and globalisation. The purpose of including Indian Financial system as a subject is to give a clear understanding and knowledge of financial system in the present scenario.

MFM 134: QUANTITATIVE TECHNIQUES FOR BUSINESS DECISIONS The real challenge faced by managers is making decisions in uncertainty – their prime objective being resource optimization. To provide a conceptual understanding of the role operations research plays in the decision making process. To create a scientific approach to problem solving, formulation and choice of optimal solutions under competitive environments MFM135 CORPORATE AND SECURITIES LAW To develop an understanding of the regulations of registered companies and provide through understanding of the various provisions of the Indian Company Law..To provide conceptual understanding and operational knowledge of securities law and the regulatory framework concerning financial markets in India.

MFM 136: FINANCIAL MANAGEMENT It is to familiarize students with the financial concepts, techniques, tools and decision making in business enterprises. The course provides a working knowledge of the tools and analytical conventions used in the practice of corporate finance.

MFM-231 MANAGEMENT ACCOUNTING To emphasize on application of theoretical knowledge and help managers in decision making. To familiarize the students with managerial financial decisions which are taking place in organizations.To appreciate the importance of financial information for decision making process. MFM 232 APPLIED FINANCIAL ECONOMICS Financial economics is developing at a blistering pace: the instruments, the technology, the applications, and the size of the markets. Students who aspire in a financial profession need a solid grounding in the fundamentals of this subject techniques provided by this subject provide substantial assistance to finance and investment areas. MFM 233 BANKING LAW AND OPERATIONS To give comprehensive study of commercial banks & central bank and their role in the economy. To enable students to demonstrate an understanding of the law relating to the business relationship between the bank and its customers. Also to make the students acquainted with the modern practical banking applications in Indian and global context. To familiarize the students with the regulatory framework for Banking and to provide good understanding of the role and working of banking. MFM 234-RESEARCH METHODS AND DATA ANALYSIS To understand the various components of research and to provide a cross discipline perspective on research methodology. The research methodology component provides a basic and general understanding of the need for systematic research and the use of research techniques.The Research process,Research Design, sampling techniques, data collection methods, data analysis and interpretation and report writing MFM 235 INFORMATION TECHNOLOGY FOR MANAGERS The contents of the subject aim at developing student’s understanding on information systems and how it works in business decision-making. This subject should also enable students to know the various areas of BIS and it’s application in the industry. MFM-236- CORPORATE GOVERNANCE AND BUSINESS ETHICS To familiarize the students with the concept of Corporate Governance. To develop an understanding about the Corporate Governance Compliance System for Board of Directors in India. To develop an understanding about the changing,Corporate Governance and it’s legal framework . MFM 331 PROJECT APPRAISAL & FINANCING Equips the students to be aware of the latest trends in the Project Financing and give a broader view to subject both on a National & Global prospective. Thus encouraging them to become Project Managers in the future. MFM 332 STRATEGIC FINANCIAL MANAGEMENT This subject explores the contemporary concepts and trends in strategic financial management (SFM), focusing on cutting-edge areas like corporate valuation methods, value based management, need, causes and impact of Buy-back of Shares, Takeover Tactics, organizational architecture and other related areas of strategic financial decision making in the present corporate world MFM- 333 MANAGEMENT OF PUBLIC FINANCE To give proper knowledge and clear understanding about the sources and application of Public finance and its management by the Government, both at Central and State level. To make the students appreciate the importance of budgeting procedure in Governmental finance. MFM-334 SECURITY ANALYSIS & PORTFOLIO MANAGEMENT

To provide insight about the relationship of the risk and return and how risk should be measured to bring about a return according to the expectations of the investors and Portfolio management practices in India. Also to familiarize the students with the fundamental and technical analysis of the diverse investment avenues MFM 335: FIXED INCOME SECURITIES AND TREASURY MANAGEMENT This course familiarizes students with the fixed income market instruments, valuations, market operations and treasury management practices in India. Also to provide insight about the relationship of the Risk and Return, Measuring risk, bringing returns according to the expectations of the investors in the debt market and use of fixed income securities in treasury management of institutions. MFM 336 DIRECT TAXES: To enable the students to have a better knowledge about computation of net wealth and taxable income under various heads, and also tax liabilities and other legal obligations as per the Income Tax Act. MFM 431 WEALTH MANAGEMENT This course examines the investment and financial issues arising from personal wealth management activities. The course commences with an introduction of the financial planning industry and the regulatory framework. It then covers various topics required for the construction of a comprehensive financial plan including the identification of client financial status and goals, asset allocation, securities trading, managed funds, superannuation, estate planning and social security. This course focuses on understanding the nature, usage and regulations on the advice of various financial products and legal instruments for developing personal wealth management plan. MFM432: CORPORATE TAX PLANNING AND MANAGEMENT This course aims at making students conversant with the concept of corporate tax planning and Indian tax-laws as also their implications for corporate management. This subject impart students the knowledge of the tax concepts, principles and techniques that underline corporate and individual tax \planning at an advanced level. It will discuss the commonly used tax avoidance devices and the related anti-avoidance rules and practices. MFM-433: INTERNATIONAL FINANCE: The players in the foreign market are increasing in numbers with the presence of the much more liberalized policies and regulations. Students need to acquire knowledge on the functioning of trade globally and its financial implications. Knowledge of foreign exchange activities and the hedging of foreign exchange exposures and other related aspects of risk coverage while doing international business shall be imparted. The listing and trading in shares and stocks abroad and its implications in India, etc. MFM-434: COMMODITY MARKETS & DERIVATIVES This course aims to familiarize the students with the functioning, settlement systems, the factors influencing the commodity markets, the global and the domestic scenario of commodity markets, its role in the economy and the risk management aspects relating commodity trading. To provide the students an understanding of the emerging areas of Risk Management and to equip the students with the tools and techniques needed to manage financial risk efficiently. MFM 435: CORPORATE RESTRUCTURING To provide an in-depth understanding of all aspects of law and practical issues relating to corporate restructuring and insolvency. To enable the students to develop corporate restructuring solutions under different industrial conditions. To familiarize the students with corporate restructuring processes taking place in the Indian industries MFM 436: INSURANCE MANAGEMENT

To provide an exposure and understanding of the mechanism of Insurance Industry and equip the students, with the knowledge of important tools and , techniques , rules & regulations related to Insurance Business in India and to contribute effectively industry in particular and to the society in general MFM 131 CORPORATE ACCOUNTING Total Hrs: 55 Course Description: This subject introduces students to Raising of Corporate Finance and Accounting procedures, corporate restructuring accounting and valuation of business and international accounting. The objective of including corporate accounting is to give a clear understanding and knowledge to the students in the area of corporate accounting and other related matters. Learning Outcome: After the completion of this course students should be able to understand with 1) Public issue process and accounting effects. 2) AS14 accounting procedures for mergers and takeovers. 3) Reconstruction accounting procedure in Indian. 4) Business valuation methods. 5) International accounting practices and recent developments in accounting profession

Level of Knowledge: Conceptual and Technical Course outline UNIT I Raising of Corporate Finance and Accounting procedures (8 Hrs) Meaning – kinds of Shares – Problem on issue and allotment of shares - Calls in arrears and calls in advance – over subscription and under subscription – Issue of shares at premium, discount – Forfeiture of shares - Reissue of forfeited shares – Issue of shares to the Vendors – issue of shares to the Promoters. Meaning of Debentures, Types of Debentures, Shares vs. Debentures – Issue of Debentures, Problems on Issue of Debentures, Entries and Accounts.

UNIT II Final Accounts of Limited Liability Companies: (10 Hrs) Preparation of Income Statement/Profit and Loss Account, Profit and Loss Appropriation Account and Balance Sheet – (horizontal and vertical) in accordance with the provisions of the existing Companies Act (Excluding Managerial Remuneration).

UNIT III Amalgamation, Absorption and External Reconstruction (12 Hrs) Meaning and difference between Amalgamation, absorption & external reconstruction- Types of amalgamation, Accounting Standards-14 Calculation of Purchase consideration under Different Methods, Settlement of purchase consideration – Problems on Amalgamation, Absorption and

External Reconstruction. UNIT IV Internal Reconstruction (6 Hrs) Meaning – Forms of Reconstruction – Alteration of Capital and capital Reduction – Internal Reconstruction vs. Amalgamation – Internal Reconstruction – Internal Reconstruction vs. Absorption vs. External Reconstruction – Scheme for Internal Reconstruction of a company. Practical problems. UNIT V Valuation of Goodwill and Shares (7Hrs) Meaning of goodwill, Methods of valuation of goodwill, Need of valuation of goodwill, valuation of shares - Different Methods of valuation of shares, Need of valuation of shares.

UNIT VI Valuation of Business (4Hrs) Valuation of entire business – elements of business valuations- Income asset and market

approaches of business valuations UNIT VII International Accounting (4Hrs) Introduction – Causes of international differences – some major differences in financial reporting, International classification of financial reporting – Financial reporting in USA, UK, Australia and France. UNIT VIII International Financial Reporting Standards (4Hrs) Indian Accounting Standards-Accounting Standards on Cash flow reporting, Valuation of inventories, Depreciation Policies, Consolidated reporting by Holding Companies (simple problems), IFRS (International financial reporting standards)-Introduction to US GAAP, Learning Activities 1. Collect any three recent public issues Red herring Prospectus and discuss its contents. 2. Students are required develop the scheme of internal reconstruction of a company which is

undergoing consistent losses. 3. Collect the details of two mergers cases in India and abroad and discuss its motives, deal price and

effect on balance sheet. Essential Readings: Jain and Narang, Corporate Accounting, Kalyani Publishers References:

1. Jain and Narang (2011). Advanced Accounting – II. New Delhi. Kalyani Publishers. 2. R.L.Gupta and Radhaswamy(2010). Advanced Accounting –II, Bangalore. Himalaya

Publications.

3. M.C.Shukla and Grewal (2010). Advanced Accounting - II, New Delhi. Sultan chand and company,

4. Shukla and Grewal (2009)- Advanced Accountancy. New Delhi. S. Chand Group. 5. T.P.Ghosh, Accounting Standards and Corporate Accounting practices-with special

emphasis on International Accounting standards, Taxmann Alied Services private Limited.

6. James A Schweikart (2011) – International Accounting: A Case Approach– McGraw Hill 7. Paul E Holt – International Accounting, Dame Publications6/e

MFM 132 CONTEMPORARY MANAGEMENT Course Description This course introduces students to the development and value business and organizations to the society. Students will examine the dynamics of business decision making and demonstrate the ability

to identify, describe and apply the essential business concepts, theories and practices. The relationship among business activities will be studied to determine their interactions with the economic, political, legal, global and social environments. Learning Outcome The objective is to enable students to practice, negotiating real world business and also to learn the changes, challenge, new rules & innovations in the contemporary business. Level of Knowledge: Advanced

Total Hrs: 55 Course Outline UNIT I 6 hrs BUSINESS IN A GLOBAL ENVIRONMENT Business: Blending People, Technology, and Ethical Behavior The Six Eras in the History of Business, The Colonial Period The Industrial Revolution . The Age of the Industrial Entrepreneur. The Production Era. The Marketing Era The Relationship Era, Managing the Technology Revolution, From Transaction Management to Relationship Management. Strategic Alliances and Partnerships Creating Value through Quality and Customer Satisfaction. Competing in a Global Market. Productivity: Key to Global Competitiveness. Developing and Sustaining a World-Class Workforce. Preparing for Changes in the Workforce . Reaping the Benefits of Diversity. A New Type of Manager, Importance of Vision . Importance of Critical, Thinking and Creativity. Ability to Steer Change, UNIT II 5 hrs Achieving Business Success by Demonstrating Ethical Behavior and Social Responsibility Concern for Ethical and Societal Issues, Individual Business Ethics, Development of Individual Ethics. On-the-Job Ethical Dilemmas, How Organizations Shape Ethical Conduct Ethical Awareness. Ethical Reasoning. Ethical Action. Ethical Leadership, Controlling Business Behavior through Government Regulation, Acting Responsibly to Satisfy Society Responsibilities to the General Public. Responsibilities to Customers Responsibilities to Employees. Responsibilities to Investors and the Financial Community UNIT III 6 hrs Global Economic Challenges of the 21st Century The Shift toward a Global Information Economy. Effect of an Ageing Population Improving Quality and Customer Service. Maintaining the Competitiveness of the Workforce. Creating a Long-Term Global Strategy. Why Nations Trade International Sources of Factors of Production . Size of the International Marketplace. Major World Markets. Absolute and Comparative Advantage Measuring Trade Between Nations Barriers to International Trade Social and Cultural Differences. Economic Differences. Political and Legal Differences. Types of Trade Restrictions Reducing Barriers to International Trade Going Global From Multinational Corporation to Global Business International Organization Structures . UNIT IV 6 hrs

Starting Your Own Business: The Entrepreneurship Alternative What Is an Entrepreneur. Categories of Entrepreneurs. Reasons to Choose Entrepreneurship as a Career Path Being One's Own Boss . Financial Success . Job Security . Quality of Life The Environment for Entrepreneurs. Globalization . Education. Entrepreneurship around the World. The Influence of Entrepreneurs on the Economy Innovation . Job Generation Diversity. Characteristics of Entrepreneurs Vision . High Energy Level . Need to Achieve Self-Confidence and Optimism. Tolerance for Failure. Creativity. Tolerance for Ambiguity . Internal Locus of Control. Starting a New Venture. Selecting a Business Idea . Creating a Business

UNIT V Management, Leadership, and the Internal Organization 12 hrs What Is Management? The Management Hierarchy . Skills Needed for Managerial Success . Special Skills for Overseas Managers . Managerial Functions The Need for Vision The Importance of Planning . Types of Planning . Planning at Different Organizational Levels . The Strategic Planning Process. Defining the Organization's Mission . Assessing Competitive Position . Setting Objectives for the Organization . Creating Strategies for Competitive Differentiation. Implementation: Turning Strategy into Action . Monitoring and Adapting Strategic Plans. Managers as Decision Makers . Programmed and Nonprogrammed Decisions . How Managers Make Decisions Managers as Leaders . Leadership Styles . Which Leadership Style Is. Best?. Corporate Culture Structure in Organizations. Departmentalization . Delegating Work Assignments . Types of Organization Structures . Comparing the Four Types of Organization Structure . Coordination and Control. Change Management. Organizational Climate. UNIT VI 8 HRS Human Resource Management and Motivation Human Resource Management: A Vital Organizational Function Human Resource Planning. Recruitment and Selection. Finding Qualified Candidates. Selecting and Hiring Employees. Orientation, Training, and Evaluation. Training Programs . Performance Appraisals. Compensation Employee Benefits . Flexible Benefits . Flexible Work. Employee Separation . Downsizing. Outsourcing. Motivating Employees Maslow's Hierarchy of Needs Theory . Motivating Employees through Job Design. Motivating Employees through Managers' Attitudes. Human Resources Concerns for the 21st Century Demographic Trends. Workforce Trends . Economic Trends . Work/Life Trends UNIT VII 7 hrs Improving Performance through Empowerment, Teamwork, and Communication Empowering Employees Sharing Information. Sharing Decision-Making Authority. Linking Rewards to Company Performance. Teamwork. What Is a Team? Team Characteristics Team Size . Team Roles . Team Diversity. Teamwork in Small Organizations. The Process of Forming Teams . Stages of Team Development . Team Cohesiveness . Team Norms . Team Conflict. Styles of Conflict Resolution The Importance of Effective Communication UNIT VIII 5 hrs The Process of Communication . Basic Forms of in Teams. Communication Outside the Organization.Communication Technology Benefits of Communication Technology. Challenges of Communication Technology. International Business Communication Essential Readings:

Stoner, Freemen, Gilbert Jr, Management, Prentice Hall References:

1. Stoner, Freemen, Gilbert Jr, Management, Prentice Hall 2. Koontz, Weihrich, Essentials of Management, Mc.Graw Hill 3. S.L Gupta, Anurag Mittal, Dr. Sunil K. Gupta, Case Studies in Management, Wisdom

Publications 4. R.K Sharma, Shashi Gupta, Business Management, Kalyani Publishers 5. L.M. Prasad, Principles and Practice of Management, Sulthan Chand publishers

MFM 133

INDIAN FINANCIAL SYSTEM

Course Description

Financial system of a country is closely related to the economic development. There is drastic change in the functioning of financial system in this era of liberalization, privatization and globalization. The purpose of including Indian Financial system as a subject is to give a clear understanding and knowledge of Indian Financial system in the present scenario. The subject covers the Financial Instruments, financial markets and institutions in India. Learning Outcome: After the completion of the course students should be able

1. To study about the money market and capital market operations in India. 2. To understand the functions of various financial institutions. 3. To study about the stock market operations and public issue process in New issue market. 4. To understand about the regulatory bodies and guidelines governing the market operations.

Level of Knowledge: Intermediate

Total hrs:55 UNIT I (8 Hrs) Overview of Financial System Introduction & Meaning of Financial System, Requirements of well functioning financial system Structure of Indian Financial System Objectives and Functions of Financial System, Financial System and Economic development. , Financial sector reforms in India. UNIT II (3 Hrs) Financial Instruments Features of Financial Instruments, Types of Financial Instruments, New Financial Instruments, OFFSHORE Financing Instruments – ADR, GDR and FCCB UNIT III (8 Hrs) Money Market Meaning, Structure of Money Market in India, Call money market, Treasury bill market Commercial bill market, Repo and Reverse Repo, Certificate of Deposit and Commercial Paper, Reforms and Development in the Money Market UNIT IV (10 Hrs) Capital Market Structure of Indian Capital Market, Functions of Capital Market, Classification of capital market, Government security Market ,Industrial security Market – Primary Market and Secondary Market, Long-term loans and Financial guarantee Market (Debt Market) Derivatives Market, Depository system Regulatory authority of capital market – SEBI. , Stock Exchanges in India Reforms in the capital market during post liberalization period UNIT V (9 Hrs) Money Market related Financial Institutions Reserve Bank of India, Functions of RBI, Monetary policy and credit control, Commercial Banks, Regional Rural Banks, Co-operative Banking sector, NABARD, Indigenous Banks. UNIT VI (10 Hrs) Capital Market related Financial Institutions Development Banks, Functions & Importance, IDBI, IFCI, SIDBI, SFC, EXIM Bank, Non Banking Financial Institutions, Insurance companies. UNIT VII Financial Services (9 Hrs) Innovative Financial Services – Meaning and importance - Mutual Funds, Venture Capital Finance, Credit Rating, Factoring, Merchant Banking- functions, Lease Financing and hire purchase.

Learning Activities: 1. Students are required to consult a BRLM and collect the details of proceeding of a latest public

issue. 2. Students to go to stock market /brokers and participate in actual trading and submit a report. 3. Micro study on impact of inflation on money market instruments. 4. Compare our market with international markets and submit a report. Essential Readings: Bharathi Patak (2010). Financial System-Markets,institutions and services, New Delhi. Pearson Education Indian Reference:

1) Bharathi Patak (2010). Financial System-Markets,institutions and services, New Delhi. Pearson Education Indian

2) Vasant Desai (2011) Indian Financial System and Development, Bangalore. Himalaya Publishing House.

3) Gordan and Natarajan(2010). Indian Financial System, Himalaya Publishing House. 4) M.Y.Khan (2011).Indian Financial System. Mumbai.Tata Mc Graw Hill

MFM 134 QUANTITATIVE TECHNIQUES FOR BUSINESS DECISIONS

Course Description:

The course is designed to familiarize the students with analytical approach through a scientific process. The LPP models help the students to formulate and arrive at optimal solution. They also learn Transportation and Assignment models and Game theory as extension of LPP. For each of these models the optimization techniques are applied. Sequencing problems apply tools for finding optimum sequence and finding idle time of machines or facilities. Networking is a tool for splitting large projects into smaller activities and then determining critical activities as well as project completion time. Learning outcome:

1) To equip young managers with tools that support them in the decision making process. 2) LPP helps in learning resource optimization techniques 3) Sequencing supports in planning operations in an organization 4) PERT assists in planning and executing major business projects

Level of Knowledge: Application

Total Hrs:55 UNIT I Basics of Operations Research: 7 hrs Development of OR, Definitions, Characteristics, Phases of OR study, OR Models. UNIT II Linear Programming: 15 hrs Introduction, requirements and assumptions of LPP. Graphical method, General form of LPP, Standard form, Basic concepts – Feasible solution, BFS, Basic and non-basic variables, Degeneracy Simplex method, The Big M Method, Two phase Method, Special cases, Duality Advantages & disadvantages of LPP. Multiple optimal solutions with applications in Finance. UNIT III 12 hrs Transportation and Assignment Models TP as a LP model, Nature and scope of transportation and allocation models, Methods of allocation, different methods for finding initial solution - N-W Corner Rule, Least Cost Method and VAM. Finding Unbalanced TP, Test for optimality – MODI method, Degeneracy. Alternate methods of solution, Maximization problem AP a variant of Transportation model, Hungerian method, Travelling salesman problem UNIT IV 6 hrs Theory of Games Competitive games, Rules of game theory, Saddle point, Reduce game by Dominance, Solve for mixed strategies (2x2, 2xn,mx2,3x3 games),Two person Zero sum game N person zero sum game UNIT V Queuing theory (waiting line) 8 hrs General structure of queuing system, Operating characteristics of queuing system, Probability distribution in queuing system, single and Multi server queuing models. UNIT VI Sequencing and Network models 12 hrs Processing 'n' jobs through 2 machines, Processing 'n' jobs through 3 machines. Precedence, events, activities, and dummies, Critical path analysis, float, PERT.

Learning Activities 1) Case analysis - to identify business problems and their formulation 2) Exposure to queuing systems helps in understanding customer service related issues 3) Identify major projects – process, time for completion of activities Essential Readings ND Vohra (2011). Quantitative Techniques in Management, by, TMH (3rd edition) Reference

1) J.K Sharma (2010). Operations Research. New Delhi. McMillan Publicatons 2) Frederick Hillier and Gerald Lieberman(2011). Operations Research, New Delhi. TMH 3) V K Kapoor (2011). Operations Research, New Delhi. Sultan Chand 4) Hamdy A. Taha (2010). Operations Research, Mumbai. Mac-millan Pub. Co. Inc.

MFM 135 CORPORATE AND SECURITIES LAW

Course Description:

Corporate and securities law course connotes law of corporation or companies. It regulates all matters, from the birth of companies to their dissolution. It involves the study of law that regulates the working of incorporated bodies. Corporate law does not restrict itself to the Companies Act only but applies to allied legislations as well. This course impart the operational knowledge about the regulatory framework of running companies in India in an ever-changing environment. To contribute effectively to the industry in particular and to the society in general. Leaning outcome 1. To familiarize the students with the scenario of Corporate Law in India. 2. To create an awareness and develop an understanding about the ever changing rules and Regulations and compliance procedures to ensure good corporate governance. 3. To orient the students to explore the possibilities of setting up business as a company. Level of Knowledge; Intermediate

Total hrs; 55 UNIT I Introduction: 3 Hrs The company as a business medium-nature and form of business enterprise; types of business enterprises. Nature and functions of companies; concept of corporate personality and nature of corporations-company as a person, resident , citizen. UNIT II Incorporation and it’s consequences: 7 Hrs Formation of a company and types of companies-Memorandum of Association, Articles of Association, Additional documents required for incorporation, certificate of incorporation; commencement of business. Government and Foreign companies-Alteration of Memorandum and Articles and limitations on power of alteration. Promoters-meaning and importance; position, duties and liabilities. Corporate transactions-Pre-incorporation contracts; doctrine of ultra-vires and common seal. Protection of persons dealing with a company –the doctrine of constructive notice; doctrine of indoor management and lifting of corporate veil. UNIT III Financial structure and Membership: 10 Hrs The concept of capital and financing of companies –sources of capital; classes and types of shares; equity with preferential rights; issue of shares at par, premium and discount; bonus issues, rights issues, issue of sweat equity shares; employee stock option plan scheme; private placement. Share capital alteration- alteration of share capital; reduction of paid up capital; forfeiture and surrender. Prospectus-definition, abridged prospectus, statement in lieu of prospectus; shelf prospects; information memorandum; contents, registration, misrepresentations and penalties therefore. Debt Capital- debentures, debenture stock, bonds, new developments in corporate debt financing, debenture tr5ust and trustees; conversion of and redemption of debentures; creation of charges-fixed, floating and registration hereof. Allotment and certificates- contracts to subscribe for shares, debentures and other securities; letters of allotment and renunciation; calls and forfeitures; share certificate and share warrants. Membership: Modes of acquiring membership including through depository mode; restriction on membership ;rights and privileges of members. Transfer and transmission of securities in physical and depository modes. UNIT IV Management and control of companies: 10 Hrs Directors-appointment/re-appointment of directors, qualifications, disqualifications, remuneration, vacation of office, retirement, resignation and removal ; loans to directors; their powers and duties; or place of profit; role of directors. Managing and whole-time directors, manager, company secretary-appointment, reappointment, powers and duties. Meetings of directors and committees-frequency, convening and proceedings of board/Committee meetings , minutes and evidence. General meetings-kinds of meetings and resolutions; law, practice and procedure relating to convening and proceedings at general and other meetings; recording and signing of minutes; role of chairman;

teleconferencing; postal ballot. Distribution of powers of a company-division of powers between Board and general meetings; acts by directors in excess of authority; monitoring and management. UNIT V Corporate Accountability: 7 Hrs Accounts and Audit- statutory books to be kept; form and content of balance sheet and profit and loss account; disclosure of accounts of subsidiary companies ; directors report, auditors report , chairman’s speech, director’s replies to qualifications in auditor’s report, directors responsibility statement, corporate governance statement, compliance certificate. Appointment, resignation and removal of auditors; rights, duties and liabilities of auditors; powers of the Central Government to direct special audit; cost audit. Profit and dividends- declaration and payment of dividend; transfer of unclaimed dividend to investor Education and protection fund. UNIT VI Shareholders Democracy, Majority powers and minority rights and Prevention of Oppression & Mismanagement: 8Hrs Introduction to Shareholders Democracy. MAJORITY POWERS AND MINORITY RIGHTS: Powers of majority; The powers of non-interference (Rule in Foss v/s. Harbottle ), Justification and advantages of Rule in Foss v/s. Harbottle, Exceptions to the Rule in Foss v/s. Harbottle- Protection of minority rights and shareholder remedies, Actions by shareholders in Common Law, Statutory Remedies(Under Companies Act) ,PREVENTION OF OPPRESSION AND MISMANAGEMENT, Prevention of Oppression , Meaning of oppression, Oppression must be of continuous nature, Public Interest, Winding up under Just and Equitable Clause Winding up would unfairly prejudice the Petitioners, Prevention of mismanagement, Persons entitled to apply, Powers of the Company Law Board/Tribunal, Consequences of Termination or Modification of Agreements, powers of the Central Government to prevent Oppression or Mismanagement. UNIT VII Winding up of Companies 6 Hrs Introduction, Company cannot be adjudged insolvent, Winding up and Dissolution, Modes of winding up, Winding up by the Court/Tribunal, Grounds on which a company may be wound up by the Court, Who may petition for winding up, Jurisdiction of Court for entertaining winding up petition, Voluntary winding up, kinds of voluntary winding up, Member’s voluntary winding up, creditors’ voluntary winding up, Distinction between Members and creditors’ voluntary winding up, Powers of the Court to intervene in voluntary winding up, Winding up subject to the supervision of Court, Effect of supervision order, Distinguish between voluntary winding up and winding up under the supervision of the Court, Commencement of winding up. UNIT VIII Introduction to Securities Law: 4Hrs The Role, powers and functions- SEBI Guidelines Code of conduct for Capital Market intermediaries, Mutual Fund ,Venture Capitalists, Merchant Bankers Learning Activity:

1) Students are to be provided with the task of finding the ways of exploring the possibilities of setting up of companies

2) Students are exposed to sufficient no of case analysis about various aspects of functioning of companies

Essential reading:

Dr Avatar Singh. 2011.Company Law – Lucknow. Eastern Book Company.

References: 1. Ramaiah (2010). Company Law: Text & cases,Law. Allahabad. House Publication, 2. V S Datey (2011). Students Guide to Corporate Laws. New Delhi. Taxmann Publications, 3. Bhagava & Bhargava2012-Circulars & Clarifications on Company Law, Taxmann Publications,

New Delhi.

4. Dr.K.R.Chandratre.2010.Compendium on Capital Issues & Listing,, Taxmann Publications, New Delhi

MFM 136 FINANCIAL MANAGEMENT

Course Description: This course familiarize students with the financial concepts, techniques, tools and decision making in business enterprises. The course provides a working knowledge of the tools and analytical conventions used in the practice of corporate finance. It focuses on Capital Structure decisions, Budgeting and Corporate Financial Modeling. Learning Outcome:

1. Introduce to the fundamentals of financial management 2. To familiarize students with cost of capital, capital structure and capital budgeting, techniques

to support for managerial decisions. 3. To acquaint students with corporate financial modeling and financial management of sick unit.

Level of Knowledge: Intermediate

Total Hrs: 55 UNIT I 6hrs Financial Management: Meaning, nature and scope of finance; financial goal - profit vs. wealth maximization; Investment, Financing and Dividend decisions - Finance functions – organization structure – functions of finance manager in 21st century – Modern role - treasurer and controller. UNIT II 12hrs Cost of Capital: Meaning and significance of cost of capital: Calculation of cost of debt, preference capital, equity capital and retained earnings; Combined cost of capital (weighted); Cost of equity and CAPM; Leverages: Meaning and types of leverages in business – Financial leverage and its impact on EPS – Operating leverage – combined leverage – degree of leverages – working capital leverages – practical use of leverages. UNIT III 12hrs Capital Structure decisions – Capital Structure & Market value of a firm. Theories of capital structure – NI approach, NOI approach, Modigliani Miller approach, traditional approach. Arbitrage process in capital structure. Planning the capital structure: EBIT and EPS analysis. ROI & ROE analysis. Capital structure policy. Capitalization: Meaning and concept of capitalization – Over and under capitalization – comparison of book value and real value of shares – overtrading and under trading. UNIT IV 10hrs Capital Budgeting: Nature of investment decisions; Investment evaluation criteria - net present value, internal rate of return, profitability index, payback period, accounting rate of return: NPV and IRR comparison; Capital rationing; Risk analysis in capital budgeting. UNIT V 7hrs Corporate Financial Modeling – Agency problem and consideration. Effect of inflation on; Asset value, firm value, returns, Financial planning – Basis of financial planning, sales forecast method, Pro-forma P & L account method, Pro-forma balance sheet method, determination of External Financing Requirement (EFR). UNIT VI 4hrs Financial Management of sick units: Definition of sickness, causes, symptoms, predictions, revival strategies, institutions for revival of sick units. Economic Value Added (EVA) – concept, components of EVA. Market Value Added (MVA) UNIT VII 4hrs

Dividend Policies: Issues in dividend decisions, Walter's model. Gordon's model. M-M hypothesis. dividend and uncertainty, relevance of dividend; dividend policy in practice; Forms of dividends; stability in dividend policy; Corporate dividend behaviour. Learning Activities:

1. Students are required to do EPS & EVA analysis of live listed companies. 2. Students are required to compute the cost of capital and leverage of listed companies. 3. Students are required to do a study on dividend practices of Indian companies.

Essential Readings I.M. Pandey (2011). Financial Management 9/e. Mumbai. Vikas Publicatoins.

Reference:

1. Prasanna Chandra (2011). Financial Management 6/e. Mumbai. Tata Mc gra Hill. 2. M.Y. Khan & P.K. Jain (2010). Financial Management 4/e, Mumbai. Tata Mc gra Hill 3. Brearly and Myers (2004). Principle of Corporate Finance-7/e. Mumbai Tata Mc Graw Hill – 4. Sudhindra Bhat (2011). Advanced Financial Management New Delhi.Excel Books. 5. Vanhorne (2010). Financial Management & Policy. New Delhi. Pearson 6. Ashwath Damodaran (2008). Corporate Finance – Theory & Practice – John Wiley.

MFM 231 MANAGEMENT ACCOUNTING

Course Description: This course examines the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Identified are the budgetary process and related performance evaluation techniques, cost-volume-profit relationship, product costing methods, Just-In-Time (JIT) manufacturing, and Activity Based Costing (ABC). Related theory and application will also be reviewed. The purpose of this course is to introduce you to the concepts and procedures of managerial accounting from the perspective of the user. It emphasis will be on how to use information more than how to create it. It typically covers two primary topics; (1) cost accumulation and (2) decision making and control. Learning outcome: After completion of this syllabus students should be able to

1. Apply theoretical knowledge and help managers in decision making. 2. Understand managerial financial decisions which are taking place in organizations. 3. To appreciate the importance of financial information for decision making process. 4. Understand the concept and application of marginal cost, variance and break even analysis. 5. Understand tools and techniques of ratios, budgeting and marginal costing and interpret

accounting information for managerial decisions. Level of Knowledge: Managerial and Application Total Hrs: 55 UNIT I 5 Hours Financial Statement Analysis - Comparative Income Statements Analysis and Common Size, Comparative And Common Size Balance Sheet, Funds Flow Statement, And Cash Flow Statements UNIT II 10 Hours Ratio Analysis-Liquidity ratios, Profitability ratios, Turnover ratios, Leverage ratios and Investment Analysis ratios., Construction of P&L account and Balance sheet with the help of ratios. UNIT III 5 Hours Marginal Costing And Break Even Analysis - Using P/V Ratio, Effect Of Changes In Cost, Volume And Profit, Overall PN And Composite BEP, Impact Of Key Factors Including Sales Mix, Mergers Of Two Plants / Factories, Cost Difference Point, Cash Break Even Point, Profit Volume Graph, Marginal Costing Vs. Absorption Costing. UNIT IV 5 Hours Short Term Decision Making - Make Vs. Buy Decisions, Decisions Relating To Acceptance And Rejection Of A Special Offer / Order, Selling Price Decisions, Add Or Drop Products, Product Line Decisions, Operate Or Shut Down Decisions, Manufacture V s. Sub-Contract Or Lease Out Decisions, Decisions Based On Incremental Revenue And Differential Cost Approach, Choice Based Alternative. UNIT V 10 Hours Budgeting - Budget And Budgeting, Budgetary Control, Functional Budgets, Master Budget Cash Budget, Flexible Budgets, Projected Balance Sheet, Responsibility Budgeting, Performance Budgeting, Zero Based Budgeting, Responsibility Accounting UNIT VI 10 Hours Variance Analysis- Importance of variance analysis for cost control, Methods of calculating variances: Material cost variance, Materials Price Variance, Materials Usage Variance, Materials Mix Variance, Materials Yield variance, Labour cost variance, Labour rate variance, Labour efficiency variance, Overhead Variances – Manufacturing Overhead Variances, Variable Overhead Variances, Combined-overhead variance-Three Variance Approach and Two-variance Approach. UNIT VII 5 Hours Responsibility Accounting - Introduction, Meaning, and Objectives, Types of Responsibility centers. UNIT VIII 5 Hours

Inflation accounting - Meaning, objective, nature and importance and methods, Human Resource Accounting, Meaning, Objective, Nature and importance, methods-Human resource cost accounting (HRCA), Human resources value accounting (HRVA)

Learning Activities:

1. Students are required to compare two identical companies and report on the financial position of the concern for 3 years.

2. Students are required to prepare cash budget for 6 month for a company engaged in manufacturing or financial services.

3. Students are required to prepare a statement of projected profit for 5 years using trend analysis. Essential Readings I.M Pandey (2009). Management Accounting. New Delhi, Vikas Publishing House Pvt Limited, Reference:

1. Khan & Jain (2009). Management Accounting. New Delhi. Mc. Graw Hill 2. I.M Pandey (2009). Management Accounting. New Delhi, Vikas Publishing House Pvt

Limited, 3. S.N. Maheshwari (2009). Management Accounting. New Delhi. Sulthan Chand & Sons 4. M.N. Arora (2010). Management Accounting, Bangalore. Himalaya Publishes. 5. Sahaf M A (2008). Management Accounting: Principles and Practice New Delhi, Vikas

Publishing House Pvt Limited.

MFM 232

APPLIED FINANCIAL ECONOMICS

COURSE DESCRIPTION: Financial economics is developing at a blistering pace: the instruments, the technology, the applications, and the size of the markets. Students who aspire in a financial profession need a solid grounding in the fundamentals of this subject techniques provided by this subject provide substantial assistance to finance and investment areas. Learning Outcome:

1) To understand the average-cost pricing and a critique of the neoclassical theory of the firm: the marginality controversy.

2) To Managerial Theories Of The Firm:Baumol's Theory Of Sales Revenue Maximization 3) To understand Marris's Model Of The Managerial Enterprise And O.Williamson's Model Of

Managerial Discretion Level of Knowledge: Advances

Total Hrs: 55 UNIT I 5 hrs Average-cost pricing A critique of the neoclassical theory of the firm: the marginalist controversy The Basic Assumptions of the Neoclassical Theory, The Hall and Hitch Report and the 'Full-Cost' Pricing Principle, Gordon's Attack on Marginalism, In Defence of Marginalism UNIT II 10 hrs A Representative Model Of Average-Cost Pricing Goals of the Firm, Demand and Cost Schedules, Price Determination: The 'Mark-Up' Rule Comparison with Pure Competition, Predictions of Average-Cost Pricing Theory in Changing Market Conditions, Critique of Average~Cost Pricing UNIT III 8 hrs limit-pricing (or entry-preventing pricing)bain's limit-pricing theory Barriers to New Competition, A. Bain's Concepts of 'Competition' and 'Entry', Barriers to Entry, Summary of Bain's Empirical Findings, Industry Equilibrium, RECENT DEVELOPMENTS IN THE THEORY OF LIMIT PRICING The Model of Sylos-Labini, The Model of Franco Modigliani, The Model of Bhagwati, The Model of Pashigian UNIT IV 7 hrs Managerial Theories Of The Firm:Baumol's Theory Of Sales Revenue Maximisation Rationalisation of the Sales Maximisation Hypothesis, Interdependence and Oligopolistic Behaviour, Baumol's Static Models, Baumol's Dynamic Model, Empirical Evidence, UNIT V 11 hrs Marris's Model Of The Managerial Enterprise And O.Williamson's Model Of Managerial Discretion Goals of the Firm, Constraints, The Model: Equilibrium of the Firm, Maximum Rate of Growth and Profits, The Managerial Utility Function, Basic Relationships and Definitions, The Model,. A Simplified Model of Managerial Discretion, The General Model of Managerial Discretion UNIT VI 7 hrs Behavioural Theory Of The Firm The Beha Vioural Model Of Cyert And March

The Firm as a Coalition of Groups with Conflicting Goals, Satisficing Behaviour, Means for the Resolution of the Conflict, The Process of Decision-making, Uncertainty and the Environment of the Firm, A Simple Model of Behaviourism. UNIT VII 7 hrs Factor Pricing Pricing Of Factors Of Production Factor Pricing - Factor Pricing in Perfectly Competitive Markets- wage and interest determination. Essential Readings: A. Koutsoyiannis (2011), Modern Micro Economics. New Delhi. Macmillan Press Ltd International Edition. References: 1) Copeland. T. E. and J. F. Weston (1992). Financial Theory and Corporate Policy, Addison Wesley. 2) Brealey, R. and S. Myers (1997), Principles of Corporate Finance, fifth edition, New York.

McGraw Hill,. 3) Elton, E.J and M.J. Gruber (1991). Modern Portfolio Theory & Investment Analysis, (fourth

edition) John Wiley & Sons. 4) Houthakker, H.S. and P.J. Williamson (1996). Economics of Financial Markets. Oxford University

Press.

MFM 233

BANKING LAW AND OPERATIONS Course Description: This course familiarizes students with the regulatory framework for Banking and to provide good understanding on the operational aspects and practical banking arena. This course has been formulated with the latest developments in banking sector, Banking Sector Reforms in India and Law and procedure governing banking instruments. It also discusses the developments taking place over the years in the Banking Technology has been included. The changes that have taken place in banks like IDBI, ICICI, and UTI, Reserve Banks directives, regarding deposit accounts, investment policies, collection of cheaques, certificate of deposits, etc has been also included. Learning Outcome

1. To give comprehensive study of commercial banks & central bank and their role in the economy

2. The students will be able to comprehend various aspects in banking and will be updated with all changes happening in the banking sector.

3. To enable students to demonstrate an understanding of the law relating to the business relationship between the bank and its customers. Also to make the students acquainted with the modern practical banking applications in Indian and global context.

Level of Knowledge: Conceptual and Operational

Total Hrs;55 UNIT I Introduction to Banking 7 Hrs Historical Perspective; Emergence and importance of Commercial Banking; an over-view of development in banking since independence Relationship between banker and Customer: Legal framework-Corporate Banking UNIT II Law and procedure governing banking instruments 8 Hrs Law and Procedure Governing Banking Instruments – Cheques – Bills of Exchange, Promissory Notes, Letter of Credit and deferred payment and guarantees – laws relating to securities, valuation of securities , modes of charging securities –lien ,pledge, mortgage, Hypothecation etc.,Management of assets:Liabilities in commercial Bank. Lending Policies: Risk and Profitability planning. UNIT III Development Banking and Central Banking 10 Hrs Development banking as distinguished from commercial banking; Growth of development banking; Role of development banks in economic development, Reserve Bank of India and it’s control on commercial banks, Impact of Reserve Bank of India’s policies on operations of commercial banks; National Bank for Agriculture and Rural Development, National Housing Bank. Law relating to Banking Regulation: Banker’s book Evidence; Recovery of debts due to banks and financial institutions.

UNIT IV Banking Sector Reforms in India 2 Hrs An overview; Co-operative banks; nationalized banks; Private Sector Banks; International Banking ;Foreign Banks, Off-shore Banking; Recent Developments in Banking Sector. Banking ombudsman (Complaints redressal) UNIT V Innovations in banking &Introduction to banking application software 10 Hrs Electronic payment systems: Teller machines at the bank counters, cash dispensers, ATMs, Anywhere Anytime banking, Home banking (Corporate and Personal), online enquiry and update facilities personal Identification Numbers and their use in conjunction with magnetic cards of both credit and debit cards, smart cards, signature storage and display by electronic means, cheque truncation, Electronic fund transfers system: NEFT,RTGS,SWIFT etc. NFS,SFMS,INFINET etc.(security features,formats and infrastructure requirement). Prepaid cards: advantages Finnacle, Flexcube etc.

UNIT - VI Deposit & Credit provisions 6 Hrs Deposit Products and its pricing in India and abroad; Credit assessment: fund based and Non-fund based services; Loan financing: Different types, its pricing, credit disbursal & monitoring. UNIT - VI Risk Management in Banks 12 Hrs - Introduction to Risk management, Risk management Process- Risk identification-Market Risk Liquidity, interest rate, forex, credit, operational, Capital and reputation Risk : Risk Measurement and Risk Management,Market Risk - Beta Measurement, Liquidity Risk - interest rate risk, GAP Analysis, Duration, value at risk, forex risk - Operating exposure, operational risk– operating leverage and financial leverage. Learning activity 1. To make a demonstration of banking operations with respect to all services and products related to

banking. 2. To make a comparative study on global banking practices and the practices prevailing in India.

Essential Reading: S.N Maheswari & S.K Maheswari(2010). Banking Law & Practice. Kalyani Publishers, 14th Revised and updated Edition. RBI Master circulars. Reference Books: 1) E.Gorden & Natarajan(2009). Banking theory and Practice. Himalaya Publishers, 22nd Revised

edition. 2) Srivastava P.K (2009)Banking theory and practice. Himalaya Publishers, 10th Revised edition 3) S. N. Gupta.(2010) 'Banking Law in Theory & Practice'. Universal Law Publishers,5th edition.

(edited by R.N Gupta & S. Gupta) 4) Agrawal O.P (2008). Modern Banking of India. Himalaya Publishers, 1st revised edition. 5) Desai Vasant(2009). Bank Management. Himalaya Publishers,1st Revised edition.

MFM 234

RESEARCH METHODS AND DATA ANALYSIS COURSE DESCRIPTION The data obtained for a study may be in qualitative or quantitative form, that is, in the form of numbers. If they are not in numerical form, then we can still carry out qualitative analyses based on the experiences of the individual participants. If they are in numerical form, then we typically start by working out some descriptive statistics to summaries the pattern of findings. These descriptive statistics include measures of central tendency within a sample and measures of the spread of scores within a sample. Another useful way of summarizing the findings is by means of graphs and figures. Several such ways of summarizing the data are discussed later on in this chapter. In any study, two things might be true: there is a difference or there is no difference. Various statistical tests have been devised to permit a decision between the experimental and null hypotheses on the basis of the data. Decision making based on a statistical test is open to error, in that we can never be sure whether we have made the correct decision. However, certain standard procedures are generally followed, and these are discussed in this chapter. Finally, there are important issues relating to the validity of the findings obtained from a study. One reason why the validity of the findings may be limited is that the study itself was not carried out in a properly controlled and scientific fashion. Another reason why the findings may be partially lacking in validity is that they cannot readily be applied to everyday life, a state of affairs that occurs most often with laboratory studies. Therefore, the issues relating to these two kinds of validity are discussed in the module. Learning Outcomes

1. Basic understanding of quantitative research and develops the goals of the future researchers. 2. Identify the various components of research and to provide a cross discipline perspective on

research methodology. 3. Familiarize the students about the different statistical models used for different set of research. 4. Valuable guidelines provided by SPSS and Gretl package and understand their functions in

quantitative research towards business operations.

Level of Knowledge: Managerial and Applicatoin Course Outline Total Hrs: 55 UNIT: 1 - Fundamentals of Statistical Theory (4 Hrs) Concepts of Statistics and Research, Bivariate Frequency Distribution, Descriptive Summary Measures of Univariate Data, Measures of Central Tendency - Mean, Median and Mode. Measures of Dispersion - Range, Quartile Deviation, Mean Deviation, Standard Deviation, Coefficient of variation, Deciles and Percentiles. Coefficients of Skewness and Kurtosis, Statistical Moments - Central and Non-central, Descriptive Analysis of Bivariate Data. UNIT: 2 - Research Methodology - An Introduction (8 Hrs) Meaning of research, Objectives of Research, Significance of Research, Research and Scientific method, Objectivity, Importance of knowing how research is done, Types and Methods of research, research process, Criteria of good research, Limitations of Social research, Ethics in Social science research. UNIT: 3 - Research Design (8 Hrs) Meaning of a Research problem, Selecting the problem, Necessity of defining the problem, Techniques involved in defining a problem, An illustration, Conclusion, Meaning of Research design, Need for Research Design, Basic features of a good design, importance concepts relating to research design, Different Research Designs – Exploratory research Design & Conclusive Research Design: Descriptive Research & Causal Research, Basic Principles of Experimental Designs. UNIT: 4 - Sampling Design (5 Hrs) Introduction, Sampling techniques or methods, Probability sampling techniques: Simple Random Sampling, Systematic Sampling, Stratified Sampling, Cluster Sampling, Non Probability Sampling:

Convenient Sampling, Judgment Sampling, Quota Sampling, Snowball Sampling, Sampling Design & Sampling technique, Sample size, sampling & Non-Sampling Errors UNIT: 5 - Methods of Data Collection (6 Hrs) Collection of Primary Data, Collection of data through Questionnaire, Collection of Data through Schedule, Difference between Questionnaires and Schedules, Guidelines for Constructing Questionnaire/Schedule, Some other methods of data collection. Collection of Secondary data, Selection of appropriate method of data collection UNIT: 6 - Hypothesis Testing (12 Hrs) Introduction, Concepts in Hypothesis Testing, Hypothesis Tests for a Population Mean, Hypothesis tests for other Parameters, Tests for Normality, Chi-Square test for Independence, One-Way ANOVA, Two-Way ANOVA, Non Parametric Methods - Sign test, Mann Whitney U test, Kruskal Wallis test, Kolmograv Smirnov test. UNIT: 7 - Statistical Package for Social Studies (12 Hrs) Overview of SPSS for Windows Step by Step Process, Creating & Editing a Data File, Managing Data, Correlation, Bivariate Regression, Factor Analysis, Cluster Analysis and Discriminate Analysis, Conjoint Analysis, Reliability Analysis, Regression Analysis – Probit, Tobit & Logit. UNIT: 8 - Report Writing (5 Hrs) Significance of Report Writing, Different steps in Writing Reports, Layout of a Research Report, Types of Reports, Mechanics of Writing a writing a research report, Precautions for writing research reports. Learning Activities Lecture led discussions, Case Studies, Article Review, Classroom Debates/Discussion, and Hands on Analysis, Data Interpretation, Problem Solving, Research Papers and Videos etc.

Essential Readings

1. C. R. Kothari (2011). Research Methodology towards Methods & Techniques. New Delhi. New Age International Publishers.

Reference

1. Arora P. N & S. Arora (2009). Statistics for Management, New Delhi. Sultan Chand Sons Company Limited.

2. Albright, Winston, Zappe (2007). Data Analysis and Decision Making (International Student ed.). New Delhi. Thomson Publication Press

3. O. P. Krishnaswami & Ranganatham (2011). Methodology of Research in Social Sciences, New Delhi. Himalaya Publishing House.

MFM 235

BUSINESS INFORMATION SYSTEM Course overview: The course has its essentials in providing a theoretical base in to the practical applications of Information systems to business and decision making. The contents of the subject aim at developing student’s understanding on information systems and how it works in business decision-making. This subject should also enable students to know the various areas of BIS and it’s application in the industry. The course is facilitated by class lectures, case studies, student presentation, classroom discussions and Group presentations on emerging technologies. Learning outcome:

1. To understand the importance of IT as a key enabler in providing solutions to modern Business problems

2. To study the software’s that are essential for the modern business 3. To realize the importance new trends in the industry and getting update towards the Current

requirements Level of Knowledge; Intermediate Total Hours: 55

UNIT 1 (5 Hours) Introduction to information system What an information system, Characteristics of information, Classification, What is a system, Computer based information systems, Technical operation of a CBIS, Business data processing, Data processing cycle, A business perspective of information systems. UNIT 2: (7 Hours) Management information systems What are management information systems, Features of MIS, Importance of management information systems, Pyramid structure of MIS, MIS versus data processing, Structure of MIS, Subsystems of MIS, The Conceptual structure of MIS, Security and international issues of MIS, MIS issues of a multinational organization? UNIT 3: (7 Hours) The concept of data processing Database, Major issues in data management, File management, File organization, File based systems problems, Objectives of DBMS, Database concepts, Database models, Difference between models, Data ware Housing, Data Mining. UNIT 4: (5 Hours) MIS and networks: Batch Processing, Online Processing (Quick Response Systems), Components of a Telecommunication Systems, Communication Networks, Network Topologies, Implementation of LAN – Transmission Media, Wireless LAN (WLAN), Internet, World Wide Web (WWW), E-Mail, Intranet. UNIT 5: (6 Hours)

Analysis and design of BIS: Software Engineering, Systems Analysis, System Design, Systems Analysis and Design, Entity Relationship Diagram, Systems Development life Cycle, Project Management. UNIT 6: (5 Hours) BIS Development & Implementation: BIS Planning, Project Preparation, Needs Analysis, BIS Design, Selection, BIS Implementation, Management Challenges. UNIT 7: (4 Hours) Human resources information systems Types of personnel administration data systems, Employee Profile system, Employment control reporting system. UNIT 8: (3 Hours) Financial / operations data systems: Payroll data system, Accounts payable systems, Accounts receivable system, Materials requirement planning (MRP), Manufacturing Resource Planning (MRP II). UNIT 9: (6 Hours) Decision support systems Concept & philosophy. DSS: Deterministic systems, Artificial Intelligence system, Knowledge Based Expert System, Role of DSS in BIS UNIT 10: 7 Hours Business process reengineering (BPR): Introduction, Business Process, Process model of the organisation, value stream model of the organisation, what delays the business process? Relevance of Information Technology. BIS and BPR. UNIT-11: 2 Hours Microsoft office-learning word,excel and powerpoint. Introduction to software programming. Essential Readings: C.S.V. Murthy (2011). Management Information Systems. Bangalore. Himalaya Publishing House Reference: 1) Gorden Devis, Margareth H. Oison (2010).Management Information System. Mumbai. Tata

McGraw Hill Education 2) G V S Sekhar (2010). Management Information Systems. New Delhi. Excel Books 3) Robert Murdick, Joel E. Ross (2010). Information Systems for Modern Management. New

Delhi.Excel book house. 4) A. K. Gupta. (2010).Management Information Systems. New Delhi. S. Chand Publisher

MFM 236 CORPORATE GOVERNANCE AND BUSINESS ETHICS Course Description: Corporate Governance subject deals with the ways in which a corporation is governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders’ desires. It is actually conducted by the board of Directors and the concerned committees for the company’s stakeholder’s benefit. It is all about balancing individual and societal goals, as well as, economic and social goals. This course also introduces students to Nature of ethics and values, Theories of business ethics Ethical decision making, Ethics in global business, Evolution of Corporate Governance in India and Abroad, Ethical Issues related to an organization. To make students aware of the need of ethics in business and recent mandatory guidelines on corporate governance. Learning outcome 1. To sensitize to the nature of ethical issues and ethical dilemmas in corporate world 2. To develop a capacity for ethical reasoning and to apply them in organizational contexts 3. To familiarize the students with the concept of Corporate Governance and regulations in India Level of Knowledge – Conceptual and Application

Total Hrs – 55 hrs UNIT I 5 Hrs Nature of ethics and values. Morality and Moral standards, introduction to Business ethics, Sources of ethics– importance of ethics -Factors influencing business ethics – Globalisation and business ethics – Sustainability and Triple Bottom-line. UNIT II 12 Hrs Theories of business ethics – categorical imperative of Immanuel Kant, conventional ethics of Albert Z. Carr, the doctrine of the mean of Aristotle, the ends-means ethics of Machiavelli, might –equals- right approach of Marx, utilitarianism Art of war of Sun Tzu, One – minute moralist of Robert Solomon. Indianism and Indian management foundations for value based management, illustrative ethical lessons from Ancient texts for managerial ethics Contemporary approaches to Business Ethics. UNIT III 6 Hrs Ethical decision making – difficulties in decision making – dilemmas Power and politics in organisations – suggestions for ethical decision making. UNIT IV 4 Hrs Managing ethics – codes of ethics, ethics committees, ethics hotlines, ethics training programmes, laws enforcing ethical conduct. UNIT V - Ethical Issues related to an organization. 10 Hrs Ethics in finance and accounting- investment decisions, disclosure norms, insider trading norms – disclosures in financial statements. UNIT VI 4 Hrs Ethics in global business – ethical principles governing global business (Model Business principles by US department of Commerce, The Caux Principles, International codes), ethics relation to adapting host countries culture and norms, issues relating negotiators and gift giving, providing access to less developed countries, avoiding sanctions, protection of intellectual properties. National differences in business ethics, pressures for ethical convergence, ethical principles governing global business. UNIT VII Evolution of Corporate Governance in India and Abroad: 8 Hrs

Concept of corporate Governance, Evolution-Introduction-Need and Importance-Genesis-abroad-OECD Principles of Corporate Governance-Genesis in India-Development in India.The Naresh Chandra Committee,The Kumar Mangalam Birla.,The Narayana Murthy Committee Board structures- styles- roles and responsibilities of Directors, chairman – functions of CEO – committees of the Board Learning Activities

1. A study on ethical practice followed by TATA group of companies and submit a report. 2. Collect kumara Mangalam Birla report on corporate governance and highlight the importance

of it. Essential Readings Sanjeev Agarwal (2003). Corporate Governance: Concept and Dimensions- Mumbai. Snow White Publications Pvt.Ltd.

Reference Books 1. Prof.SK Sarangi (2008).Value and Ethics of Profession and Business Ethics. Mumbai. V M P

Publishers and Distributors 2. Weiss, Joseph (2008). Business Ethics – A stakeholder approach Issues Management. Cengage

Learning 3. Crane and Matten (2008). Business Ethics.Oxford University Press. 4. Laura P. Hartman(2004).Perspectives in Business Ethics, McGraw-Hill International. 5. George A Steiner and John F. Steiner (2008). Business, Government and Society, McGraw-

Hill International,. 6. Corporate Governance. New Delhi. ICSI-Publications

MFM 331

PROJECT APPRAISAL AND FINANCING Course Description This course introduces to Planning & Analysis of projects, Generation and Screening of Project Ideas, Financial Analysis, Types and Measures of Risk, Social Cost Benefit Analysis, and the methods in applying fundamentals of project financing; rationale for this type of financing; completion, operating, regulatory, and sovereign risk analysis; risk mitigation strategies; financing options. Learning Outcome

1. Know how to manage the flow of project information during the various phases of the project. 2. Be able to manage the various types and sources of risk that are the primary responsibility of

the project supervisor. 3. Understand the role of planning and scheduling project. 4. Study of origin of NGOs, bye-laws, annual report and financial statements 5. Conduct of feasibility studies and pre-funding appraisal exercises 6. Development of indicators for monitoring and evaluation of selected projects 7. Location of the possible solutions for the problems identified

Level of Knowledge: Managerial and Decision making Total Hours55 UNIT: 1 - Planning & Analysis Overview (5 Hrs) Phases of Capital Budgeting - Levels of Decision Making – Objective, Resource Allocation Framework: Key Criteria for Allocation of Resource - Elementary Investment Strategies - Portfolio Planning tools – Strategic Position and Action Evaluation - Aspects Relating to Conglomerate Diversification - interface between Strategic Planning and Capital Budgeting. UNIT: 2 - Generation and Screening of Project Ideas (8 Hrs) Generation of ideas – Monitoring, the environment - regulatory framework for projects - corporate appraisal - preliminary screening - project rating index - Sources of positive NPV qualities of a successful entrepreneur - the porter model for estimation of profit potential of industries. Market and demand analysis: Situational analysis and specification of objectives - collection of secondary information - conduct of market survey - characterization of the market - demand forecasting - market planning. Technical Analysis: Study of Material Inputs and Utilities – Manufacturing Process and technology - Product Mixes - Plant Capacity - Location and Site - Machinery and Equipment - Structures and Civil Works - Project Charts and Layouts - Work Schedule. UNIT: 3 – Financial Analysis (6 Hrs) Financial Analysis: Estimation of cost of project and means of financing - estimates of sales and production - cost of production - working capital requirement and its financing - estimates of working results – breakeven points - projected cash flow statement - projected balance sheet. Project cash flows: Basic principles of measurement of cash flows - components of the cash flow streams - viewing a project from different points of view - definition of cash flows by financial institutions and planning commission - biases in cash flow estimation. Appraisal criteria: Net Present Value - benefit cost ratio - internal rate of returns urgency - payback period - accounting rate of returns – investment appraisal in practice, Analysis of Risk, Assessing the Tax Burden. UNIT: 4 – Types and Measures of Risk (7 Hrs) Types and Measure of Risk - Simple estimation of risk - Sensitivity Analysis - Scenario Analysis, Monte Carlo Simulation - Decision Tree Analysis – Selection of Project - Risk Analysis in practice. Special Decision Situations: Choice between Mutually Exclusive Projects of unequal life - Optimal Timing Decision - Determination of Economic Life - inter-relationships between Investment and Financing aspects - Inflation and Capital Budgeting.

UNIT: 5 - Social Cost Benefit Analysis (5 Hrs) Rationale for Social Cost Benefit Analysis (SCBA) – UNIDO Approach to SCBA - Little and Mirle Approach to SCBA, Qualitative Considerations-Social Cost Benefit Analysis, Contribution to Government Revenue, Political Stability, Priority and Evaluation of International Competitiveness. UNIT: 6 Multiple Projects and Constraints (5 Hrs) Constraints - Methods of Ranking - Mathematical Programming Approach - Linear Programming Model - Qualitative Analysis: Qualitative Factors in Capital Budgeting – Strategic aspects Strategic Planning and Financial Analysis - Informational Asymmetry and Capital Budgeting Organizational Considerations. Environmental Appraisal of Projects: Types and Dimensions of a project - Meaning and Scope of Environment - Environment – Environmental Resources Values - Environmental impact Assessment and Environmental Impact Statement. UNIT: 7 - Project Financing in India (5 Hrs) Means of Finance - Norms and Policies of Financial Institutions - SEBI Guidelines - Sample Financing plans - structure of Financial Institutions in India - Schemes of assistance - term Loans procedures - Project Appraisal by Financial Institutions. UNIT: 8 - Project Management (10 Hrs) Forms of Project Organization - Project Planning, Project Control, Human aspects of project Management - Prerequisites for successful Project Implementation. Network techniques for Project Management - Development of Project Network - Time Estimation - Determination of critical path - scheduling when resources are limit - PERT and CPM models - Network cost system (Only Problems on Resources Allocation and resources leveling) Project review and administrative aspects: Initial review – Performance evaluation - Abandonment analysis - Administrative aspects of Capital Budgeting - Evaluating the Capital Budgeting System of an organization. Learning Activities Lecture led discussions, Case Studies, Article Review, Classroom Debates/Discussion, Mock Investment, Problem Solving, Research Papers and Videos etc. Essential Readings:

Prasanna Chandra (2011). Project Preparation Appraisal Budgeting and Implementation (7th ed.). New Delhi. Tata McGraw Hill.

Reference

1. Bennet P. Lientz, Kathryn P. Rea (2010). Breakthrough Technology Project Management (2nd ed.). New Delhi. Academic Press.

2. Machiraju, H.R. (2009). Introduction to Project Finance, New Delhi. Vikas Publishing House. 3. Narendra Singh (2009). Problems and Solutions in Project Management and Control. New

Delhi. Himalaya Publishing House. 4. Prasanna Chandra (2011). Project Preparation Appraisal Budgeting and Implementation (7th ed.).

New Delhi. Tata McGraw Hill. 5. Rao.P.C.K (2009). Project Management and control. New Delhi. Sultan Chand & Sons. 6. Vasanth Desai (2008). Project Management. New Delhi. Himalaya Publishing House

MFM 332 STRATEGIC FINANCIAL MANAGEMENT Course Description: Achieving competitive advantage through strategic financial management is inevitable in this 21st century business world. This subject explores the contemporary concepts and trends in strategic financial management (SFM), particularly focusing on cutting-edge areas like corporate valuation methods, value based management, need, causes and impact of Buy-back of Shares, Takeover Tactics, organizational architecture and other related areas of strategic financial decision making in the present corporate world. Learning Outcomes: Evaluate the role of financial management in achieving the strategic objectives of a firm Critically appraise the various methods of corporate valuation and compare them from the

strategic perspective Analyse and debate the reasons for/against M&As and Buy back of shares Critically assess various financial risk management approaches with reference to takeover

tactics Debate on the existence of the organizational architecture Contribute more effectively to corporate strategy by taking a more proactive and

forward looking approach Total Hrs: 55

Level of Knowledge: Managerial and Decision Making UNIT I FINANCIAL MANAGEMENT – OVERVIEW 6 Hours Evolution – goals – decisions – organization – relationship with other disciplines – emerging role of finance managers – Sources of long term finance. UNIT II FINANCIAL DECISIONS 10 Hours Time value of money – capital budgeting – cost of capital – leverages – capital structure theories – working capital management – leverages – dividend policies UNIT III CORPORATE VALUATION 12 Hours Adjusted book value approach – stock and debt approach – direct comparison approach – discounted cash flow approach – DCF Approach two and three stage models – Free cash flow to equity valuation UNIT IV VALUE BASED MANAGEMENT 12 Hours Marakon approach – Alcar approach – Mckinsey approach – EVA Approach – BCG Approach UNIT V OTHER RELATED AREAS 15 Hours Other Related Areas - Share buy backs (Procedure and accounting effects) Lease Financing: Meaning – definitions -Types – (Finance Lease and Operating Lease, Sale and Lease Back and Direct Lease, Single Investor Lease and Leveraged Lease, Domestic Lease and International Lease) - Lease Agreement - Tax provisions - Accounting Treatment of Lease - Lease Evaluation [Lessor’s & lessee view point] (concepts and problems.) Venture Capital – Definition - origin - Differentiate PE funds, VC funds, and Angel investors – Features of Venture Capital - stages of Venture Capital - process of selection of investment – growth of venture industry in India. Corporate Governance - Balance Score card – Financial management of sick UNITs – Financial management in Intangible Intensive companies – Corporate Risk Management and Financial Engineering Essential Readings: G.P Jakhotiya (2007), strategic financial management, New Delhi. Vikas publishing house,

Reference Books

1. 1.Allen, David, (2007) "An introduction to strategic financial management : the key to long term profitability", London : Kogan Page,

2. Chandra, Prasanna (2010). Financial Management – VIIth Edition, New Delhi, Tata McGraw – Hill Publishing Company Ltd.

3. Mattoo, P.K. (2006), Corporate Restructuring, an Indian Perspective. New Delhi MacMillan India Pvt. Ltd

4. Samuel C. Weaver, John Fred Weston (2008). Strategic financial management: applications of corporate finance. Cengage Learning,

MFM 333

MANAGEMENT OF PUBLIC FINANCE Course Description This course gives knowledge and understanding about the sources and application of Public finance and its management by the Government, both at Central and State level. It also exposes students to the theories Budgeting and Public Finance Management as applied to the sector of the economy. Where theories in the strict sense of the concept do not exist, the course defines concepts, e.g. budgetary control, public debt management, phases in budgeting etc. as they are available in Budgeting and Finance Management literatures and state how these are applied in the Nigerian Public sector. The titles of the twenty study UNITs you will need to complete each one as shown below: Learning Outcome

1. To know the functioning of finance ministry in India 2. To know the financial resources and expenditure of government 3. To study the federal system of governance 4. To compare our system with that of other countries

Level of Knowledge: Managerial Total Hrs: 55 UNIT I 8 Hours Overview of public finance Public finance –Meaning of public finance, relation between public finance -government and Economy, Sources of Public Revenue-Direct and indirect taxes, principles and structure of taxation-Public borrowing, Consolidated Fund of India UNIT II 6 Hours Financial Administration – Finance Ministry, Fiscal Policy- Union Budget – Principle and procedure, Deficit Financing, Monitory Policy, Fiscal policy and Economic Development. UNIT III 8 Hours Public expenditure Effects of Public expenditure on production and distribution.. Revenue expenditure and Capital expenditure. Development Finance-Rural development schemes, SSI development schemes, Tax exemptions UNIT IV 6 Hours Public debt and its management. Classification of public debt - Methods of public debt, Management of public debt under inflation, depression etc. UNIT V 3 Hours Centre-State Financial relations. Finance Commission Division of Resources between Center and States. Criteria of distribution of Resources among States. UNIT VI 4 Hours Sources of public revenue- indirect taxes –Central Excise Act-Liability of central excise duty, excisable goods, manufacturer and manufacturing, classification of goods, valuation of goods, valuation rules, CENVAT UNIT VII I0 Hours

Customs Act-Introduction to customs duty, type of customs duty, Meaning of basic concepts, valuation for customs duty, meaning of import and export, baggage clearance, general procedures in customs UNIT VIII 10 Hours Service Tax –Introduction, liability to pay service, services covered under tax system Learning Activity: 1. Students to compare the budgets of past five years and submit a report of the highlights of each

year. 2. students to compare our Federal system with that of other countries 3. Students ```to present a report after analyzing the Best way of making citizens pay tax voluntary.

Essential Readings: K Balan (2010). Management of Public Sector. Mumbai. A.P.H. Publishing Corporation. Reference: 1. K Balan (2010). Management of Public Sector. Mumbai. A.P.H. Publishing Corporation. 2. R. K Lekhi. Management of public finance 3. B.P.Tyagi. Management of public finance 4. R.A Musgrave. Theory of public finance 5. V.S Datey (2012). Indirect Taxation – Law and Practice. New Delhi.Taxman publications

MFM 334 SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT Course Description In economics, a financial market is a mechanism that allows people to buy and sell financial securities such as stocks, bonds and other commodities items of value at low transaction costs and at prices that reflect the efficient-market hypothesis. In case of general market are concerned and specialized markets exist. Markets work by placing many interested buyers and sellers in one "place", thus making it easier for them to find each other. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy such as a gift economy. In finance, financial markets facilitate the following activities like rising of capital in the capital markets, transferability of risk from the various markets, transferability of liquidity in the money markets and international trade in the currency markets are used to match those who want capital to those who have it. Frankly speaking, investing has been perceived as the chief source of finances of the rich people and has also been viewed as a minefield of opportUNITies to the inexperienced. For the reason that the western standards of living continue to improve, more and more individuals start to recognize the advantages investing can give even if they only have a small capital. The introduction to investment will help you explore a few basic principles to get you started the right way. Learning Outcomes

1. To know the different investment policies and the various factors influencing investment

decision of Indian financial system. 2. To provide insight about the risk and return relationship between various types of investors like

Arbitrator, Speculator and Gambler. 3. To acquire knowledge on various investment alternatives like shares, debentures and real estate

with different risk and return analysis. 4. To analyze the various techniques followed by the investors in forecasting the behavior of the

Indian market and their major influence with macro economic variables. 5. To explore sound theoretical knowledge on Capital Asset Pricing Theory (CAPM) & Arbitrage

Pricing Theory (APT). Level of Knowledge: Conceptual and Application level Course Outline Total Hrs: 55

UNIT: 1 - Nature & Scope of Investments (6 Hrs) Basics of investment - Scope - Economic meaning and significance of income, savings, investments, security, speculation, and gambling Comparison between investment and speculation - Profile of Indian investors and factors influencing investment decisions - Internal and external factors, Legal framework of securities market in India, investors and stock exchanges, and its significance in Indian financial system. UNIT: 2 - Investment Alternatives (10 Hrs) Investment Options & Attributes Characteristics features of financial instruments, Types of financial assets & Instruments, Various investments - Company Shares, Debentures, Bonds, Mutual funds, fixed deposits, gilt- edged securities, Futures & Options, post office schemes, company & PPF, UTI, LIC, Real Estate, bullion, insurance schemes & Global securities - Risk, Return, Security, Maturity & Optional features. Finance Vs Investments- interactive decision elements. UNIT: 3 - Financial Markets in India (10 Hrs) Security Markets Features of capital markets and functioning, New issues market - IPO’s, procedures - valuation of issues - fundamental and technical considerations - Stock exchanges - role and importance,

trading procedures in securities, - brokers and Jobbers, Index’s - Role of SEBI in brief. UNIT: 4 - Risk & Types of Investment Analysis (9 Hrs) Security Analysis Risk perception and attitude, Systematic and Non-Systematic risks, Fundamental analysis - Company, Industry and Economic analysis - Technical analysis of securities - Charts, and Graphs - Moving averages - Types - implications on investment. UNIT: 5 - Stock Return Valuation (10 Hrs) Security pricing Security Valuation - Factors influence valuation - Valuation of fixed income instruments and equities - calculation of return on yield, Intrinsic value, Mathematics of financial evaluation, discounting, compounding, annuities, present value, and yield and calculations Net worth. Equity valuation - Constant Growth Modal - Dividend capitalization - Earnings capitalization, security pricing model UNIT: 6 - Portfolio Management (10 Hrs) Portfolio Management; Meaning, Return on portfolio, risk on portfolio, portfolio managers, SEBI guidelines for portfolio managers, portfolio management services. Portfolio theory - contribution of William Sharpe and Harry Markowitz, Single index model, capital asset pricing modal and arbitrage pricing theory Learning Activities Lecture led discussions, Case Studies, Article Review, Classroom Debates/Discussion, Mock Investment, Problem Solving, Research Papers and Videos etc. Prescribed Text

1. M. Ranganathan and R. Madhumathi (2010). Investment Analysis and Portfolio Management. New Delhi. Pearson Education Press

Reference

1. PUNIThavathy & Pandian (2008). Security Analysis and Portfolio Management. New Delhi. Vikas Publishing House Pvt. Ltd.

2. Ronald Fisher & Jordan (2009). Investment Management. New Delhi. Tata Mc Grawl Publication.

3. V. A. Avadhani (2005). Security Analysis and Portfolio Management (7th ed.). New Delhi. Himalaya Publication.

4. V. K. Bhalla (2009). Security Analysis and Portfolio Management. New Delhi. Sultan Chand Publisher.

MFM 335

FIXED INCOME SECURITIES AND TREASURY MANAGEMENT Course Description: This course familiarizes students with the fixed income market instruments, valuations, market operations and treasury management practices in India. Also to provide insight about the relationship of the Risk and Return, Measuring risk, bringing returns according to the expectations of the investors in the debt market and use of fixed income securities in treasury management of institutions. Learning Outcome 1. To understand the Fixed Income Securities Market environment in India 2. To learn the valuation models and Risk Identification techniques in Bonds. 3. To understand the Government securities and Corporate Debt Market in India. 4. To understand the treasury management 5. To familiarize students with Bond Portfolio Management Strategies. 6. To impart knowledge on principles of Treasury management and to create an awareness and

develop an understanding on changing roles of fund managers and regulations in Treasury management

Level of knowledge: Advanced Total Hours 55 UNIT I Fixed Income Securities Markets Overview 4 hrs Features - types – Debt market in India - Institutional Arrangements - Market Participants and Instruments - Investors Perspectives Risk and Rewards - Treasury Securities Auction - Government Bond Markets - Auction Mechanisms - Uniform vs Discriminatory Auction - Auction and Repo Markets - Markets Implications of Auctions – Corporate debt market Structure, Rating, Spread - Issuers and Investors Perspectives - Convertibles - Financial Distress, Bankruptcy, Current trends in Indian Debt market UNIT II Bond valuations and Risk identification 14 hrs Time Value of Money – Bond Valuation - Present Value – Future value – Bootstrapping - Interpolation - Price and Yield Conventions - Credit rating system – risk factors – Duration - Modified Duration and Convexity - Macaulay duration and Convexity, Basis Point Value (BPV) Bond Immunization Strategies – Bond price theorems – Malkiel bond theorems - Yield Curve Analysis - Par Value, Zero, Spot Curve - Term Structure of Interest Rates - Constructing Yield Curve Bootstrapping - Yield curve and yield curve theories – basic Econometric forecasting of the yield curve UNIT III Bond Portfolio Management Strategies 14 hrs Fixed Income Derivative Markets - FRAs, Swaps, Futures, Options Global Fixed Income Securities Markets Indexing, Securitization, Constructing the bond portfolio - Passive and active bond portfolio management - Market timing strategies - Timing bets on interest rate level - Timing bets on specific changes in the yield curve - Bullet, barbell, ladder and Butterfly strategies. UNIT IV Introduction to Treasury Function 6 hrs Introduction to treasury management – Objectives – Concept – Functions of integrated treasury – Process of Globalization – Evolving role of Treasury as profit centre - Organization of treasury as money Management. Functions of Treasury management - Treasury products – Short term funds and investment management – Financial marketing – Money market – Capital market – Call money – Government securities – REPOs – Certificate of deposits – Rediscounting bills - Commercial papers – Foreign Exchange Markets & treasury – Linkage of domestic operations with foreign operations.

UNIT VI Internal Treasury Control 5 Hrs Meaning – Objectives of Internal control – Elements of Treasury control – Control techniques – Structure & Organization – Role of a Chief Treasury Officer – Principles of Internal control – Role of Controllership – Physical controls – Custodial control & Insurance – Treasury Control on Market Operations – System control of treasury – accounting Control – Control on Cash Flows. UNIT VI Treasury Management in Commercial Banks 8 Hrs Non-performing Assets & Capital adequacy Norms (CAR) – CRR- SLR- Investment Function – Planning Investment Portfolio – Operations in the Secondary Market – Back Office Support & Accounting. Liquidity planning and managing cash assets – Measurement of liquidity – Objectives of cash management - Reserve with Central banks – Managing float – Managing correspondent balances – Liquidity planning – Traditional liquidity measures - Asset liability management in banks – Asset liability management – Bank Balance Sheet – Components of assets/ liabilities and their management – ALM implementation – RBI guidelines. UNIT VII Managing Bankruptcy 4 hrs Meaning – Financial Crisis & Bankruptcy – Causes for Financial Crisis – Banker’s Role in Emerging Crisis – Early Warning Signals – Learning Activity:

1. Students are required to develop and New debt offer document and Value the yield for different time period of listed NCD yield for 3years

2. Students are required to Construct of a fixed income portfolio. Essential Readings: Moorad Choudhry,oldrich Masek (2011), Fixed Income Markets.New Delhi,john wiley and sons inc

BOOKS FOR REFERENCE 1. Moorad Choudhry,oldrich Masek (2011), Fixed Income Markets.New Delhi,john wiley and

sons inc 2. Fisher & Jordan (2010). “Investment Management. New Delhi. Prentice Hall of India Private

Ltd., 3. Avadhani (2010). Security Analysis and Portfolio Management. Bangalore. Himalaya

Publications. 4. Bhalla (2008). Security Analysis and portfolio management. New Delhi.S.chand Publications 5. IIBF, “Bank Financial Management”

MFM 336

DIRECT TAXES

Course Description The study of Direct tax law and practice is of great importance for management students as it exposes students to the tax environment in India for both individual and corporate assesses. It enables individuals to understand the tax implication on income or profit made through different sources. The course introduces students to income tax law as per IT act of 1962, with computational skill on of income tax under the head of salary, house property, business and profess, capital gain and other sources. Learning Outcome:

1. To provide knowledge about the practical aspects of the collection and administration of direct taxes in India, tax planning for the purpose of investment and tax savings

Level of Knowledge: Advanced

Total Hours :55 UNIT I 4 hours Introduction To Taxation-Direct And Indirect Tax, Income Tax Act 1961, Income Tax Rules 1962, Finance Act, Scheme of IT An Over-View Basic Concepts- Assessee, Person, Assessment Year, Previous Year, Agricultural Income, Income, GTI, Total Income, Average Rate Of Tax Capital And Revenue. UNIT II 6 hours Residential Status And Incidence Of Tax, Determination of residential status, Kinds of income, incidence of tax, Tax free income Tax Planning UNIT III 10 hours Income from Salary Chargeability, Treatment Various Allowances, Perquisites, and their Valuation, Treatment of Provident Fund, profit the Lieu of salary, Deductions From Gross Salary, Retirement Benefits Computation of taxable salary (Practical Problems). Tax Planning UNIT IV 8 hours Income from house property Chargeability, annual value and its determination, deemed ownership deductions from annual value, Computation of taxable income under the head house property (practical problems) Tax Planning UNIT V 7 hours Profits and Gains of Business and Profession Meaning Of Business and Profession, Incomes Chargeable Computation Of Taxable Income, Deemed Profit And Incomes Treatment Of Depreciation. Tax Planning UNIT VI 7 hours Capital Gains Meaning of important terms, Short term and Long term capital gain, cost of acquisition of capital assets, Computation of capital gains exemptions from LTGC. Tax Planning UNIT VII 4 hours Income from Other Sources Incomes taxable, deductions allowed, Grossing up of income, computation of taxable income Clubbing of income & set off and carry forward

UNIT VIII 6 hours Deductions from gross total income Section 80C to 80U Assessment of individuals Computation of total income and tax liability. Tax Planning UNIT IX 3 hours Assessment procedure, Types of Assessments income tax authorities and their powers, Collection and Recovery of Tax. Learning Activities Computation of income tax for individuals and tax filings and Articles reviews on recent cases on income tax disputes Essential Readings: By Dr. Vinod .K. Singhani(2012). Students Guide To Income Tax. New delhi. Tax Man Publications. References: 1. By Dr. Vinod .K. Singhani(2012). Students Guide To Income Tax. New delhi. Tax Man

Publications. 2. Dr. Bhagawathy Prasad. Direct Tax Law And Practice. Mumbai. New Age Publications 3. Dr. H.P Mehrotra. Direct Tax Law And Practice. New Delhi. Sahitya Bhavan Publications 4. By Dr. Vinod .K. Singhani(2012). Students Guide To Income Tax. New delhi. Tax Man

Publications. 5. T S Manoharan. Direct Taxes. Pearson Education Publications

MFM 431

WEALTH MANAGEMENT Course Description This course examines the investment and financial issues arising from personal wealth management activities. The course commences with an introduction of the financial planning industry and the regulatory framework. It then covers various topics required for the construction of a comprehensive financial plan including the identification of client financial status and goals, asset allocation, securities trading, managed funds, superannuation, estate planning and social security. This course focuses on understanding the nature, usage and regulations on the advice of various financial products and legal instruments for developing personal wealth management plan. Learning Outcomes 1. To understand the purpose and structure of the financial services industry and the economic

factors that affect investment returns. 2. To identify the relationship between adviser and client and the codes of conduct governing

business dealings Recommend appropriate asset allocation and long term investment strategies and understand the selection criteria of major investment products and financial securities in order to implement a financial plan.

3. To process of giving financial advice, including the importance of regular reviews of a client’s circumstances, the risks faced by investors and how an investor’s risk profile is determined

4. To establish the various range of financial assets, their salient features, their advantages and disadvantages and the main financial markets on which they are dealt

5. To identify investment planning process and the approach used to structure a portfolio of financial assets to suit the needs of a client

6. To plan for the retirement planning process and quantifying needs in retirement 7. To know the range of protection products available and the need to assess priorities for

protection

Level of Knowledge: Working Knowledge Course Outline Total hrs:55 Unit: 1 Introduction to Financial Planning (10 Hrs) Concepts, Role of Financial Planner, Personal Financial Planning Process, Ethical and professional consideration in Financial planning – Code of ethics, Contract and Documentation, Client Data Collection, Client Data Analysis, Life Cycle Wealth Cycle - Risk Profiling and Asset Allocation - Systematic Approach to Investing - Systematic Investment Plan (SIP) - Systematic Withdrawal Plan (SWP) - Systematic Transfer Plan (STP), Financial Plan - Goal-based Financial Plan - Comprehensive Financial Plan - Financial Blood-Test Report (FBR) - Financial Planning in India, Legal aspects of Financial Planning.

Unit: 2 Economy & Wealth Management (7 Hrs) Financial Planning to Wealth Management, Economic Cycles and Indicators - Lag Indicators - Co-incident Indicators - Lead Indicators, Interest Rate Views, Currency Exchange Rate, The Deficits -Revenue Deficit and Fiscal Deficit - Current Account Deficit Unit: 3 Client Relationship Management (6 Hrs) Strategic Business Planning Process - Client segmentation – Profile - Expose - Strategize - Execute - Monitor - Review - Strategic value formula - Effective communication and Negotiation Unit: 4 Investment & Risk Management (10 Hrs) Role of Equity, Debts & Alternative Assets, Active and Passive Exposures, Returns from Passive Exposure to S&P CNX Nifty, Sector Exposure and Diversification, Deposits and Debt Securities, Credit Exposure and Debt Investments, Concentration Risk, Passive Investments in Debt, Alternative Assets Investment Routes, Alternative Assets returns from Gold, Real Estate, Role of Real Estate, Real Estate Investment Routes, Real Estate Indices – Assets & Liabilities, Nomination, Inheritance Law, Will & Trust, Risk Management through Insurance. Unit: 5 Asset Allocation and Strategies (10 Hrs) Asset allocation Decision, Equity portfolio strategies – Active Vs Passive, Management strategies, Value Vs growth investing, Asset allocation Strategies – Tactical, Fixed & Flexible, Asset Allocation Returns in Equity & Debts, Asset Allocation Returns in Equity, Debt & Gold, Bond Portfolio Management Strategies – Passive – Buy and Hold, Indexing – Active – interest rate anticipation, Valuation analysis, Credit analysis, Yield spread analysis and Bond swaps – Core plus management strategy – Immunization strategies – Allocation to Speculation, Diversification in Perspective. Unit: 6 Retirement Planning & Employee Benefits (6 Hrs) Introduction to Retirement Planning - Types of Retirement Plans – Defined Benefit and Defined Contribution plan, Superannuation and other retirement plans, Group Life and Health Insurance Retirement planning and Strategies, Post Retirement Counseling, Retirement Income Streams Pension Sector Reforms Unit: 7 Advanced Financial Planning (6 Hrs) Financial Planning process, Strategies of goal setting, Analysis of Financial situation of the client Developing and implementing a plan, Monitoring and Review of a Financial Plan - Case studies on personal financial plan Learning Activities Lecture led discussions, Case Studies, Article Review, Classroom Debates/Discussion, Mock Retirement Planning, Group Projects, Research Papers and Videos etc. Essential Readings: Dun & Bradstreet (2009). Wealth Management, New Delhi. Tata McGraw Hills Publications. Reference

5. Harols R. Evensky & Stephen M. Horan (2011). The New Wealth Management: The Financial Advisors Guide to Managing and Investing Client Assets. New Delhi. McGraw – Hill.

6. S. K. Bagchi (2009). Wealth Management. New Delhi. Jaico Publishing House. 7. Mark Diehl (2011). The Wealth Management Manual. New Delhi. Aventine Press. 8. Dun & Bradstreet (2009). Wealth Management, New Delhi. Tata McGraw Hills Publications. 9. Kapoor Jack R, Dlabay L R, Huges R J (2008). Personal Finance. New Delhi: Tata Mc-Graw

Hills Publications.

MFM 432 CORPORATE TAX PLANNING AND MANAGEMENT

Course description: Tax planning involves conceiving of and implementing various strategies in order to minimize the amount of taxes paid for a given period. For a small business, minimizing the tax liability can provide more money for expenses, investment, or growth. In this way, tax planning can be a source of working capital. This course aims at making students conversant with the concept of corporate tax planning and Indian tax-laws as also their implications for corporate management. This subject impart students the knowledge of the tax concepts, principles and techniques that underline corporate and individual tax planning at an advanced level. It will discuss the commonly used tax avoidance devices and the related anti-avoidance rules and practices. Learning outcome On successfully completing this subject, students will be able to:

1) Understand major provisions of various Taxation laws including rules and procedures 2) Appreciate and apply advanced aspects of the corporate and individual tax laws, rules and

practices in India. 3) Identify complicated areas under different type of taxes 4) Issues relating to implementation of VAT/Service Tax/ DTAA/ Transfer Pricing/ FBT etc. 5) Provide advice on the impact of changes in tax laws and tax cases on business transactions,

organizations and individuals. 6) Identify tax planning opportunities that may arise there from and integrate appropriate tax

Strategies in corporate and personal business planning decisions. Level of Knowledge: Advanced

Total Hrs: 55 UNIT 1: Introduction To Tax Management: 6hrs Concept of tax planning, Tax avoidance and tax evasions, Corporate taxation and individual tax. Corporate tax in India - Types of companies - Residential status of companies and tax incidence Tax liability and minimum alternate tax - Tax on distributed profits. UNIT 2: Tax Planning For New Business: 4 hrs Tax planning with reference to location, Nature and forms of organization of new business. Assessment of Companies. UNIT 3: Tax Planning And Financial Management Decisions 6 hrs Tax planning relating to capital structure decision, Dividend policy Inter – corporate, dividends and bonus shares. UNIT 4. Tax Planning And Managerial Decisions 12 hrs Tax planning in respects of own or lease, Sale of assets used for scientific research, Make or Buy decisions; Repair, replace, renewal, or renovation, and Shutdown or Continue decisions. Tax planning with reference to employee’s remuneration - Tax planning with reference to receipt of insurance compensation - distribution of assets at the time of liquidation - Deferred tax assets - Deferred tax liabilities UNIT 5. Special Tax Provisions 7 hrs Tax provisions relating to free trade zones, Infrastructure sector and backward areas, Tax incentives for exports. Reassessment of recognized and unrecognized deferred tax assets and deferred tax liabilities (in view of provisions of IAS-12 & AS – 22). Special provisions relating to non-residents - Double taxation relief - Provisions regulating transfer pricing - Advance rulings

UNIT 6. Tax Issues Relating To Amalgamation and Business restructuring 6 hrs Tax planning with reference to amalgamation - Demerger - Slump sale - Conversion of sole proprietary concern/partnership firm into company - Transfer of assets between holding and subsidiary companies UNIT 7 Value Added Tax and Service Tax 6 hrs VAT- Concepts and General Principles - Service Tax - Service Tax-Concept and General Principles - Charge of Service Tax – Registration - Valuation of Taxable Services - Payment of Service Tax - Furnishing of returns of Service Tax UNIT 7. Tax Management 8 hrs Tax deductions and collection at source, Advance payment of tax - Interest Payable by/to Assesses - Collection and Recovery of Tax - Return of Income - Procedure of Assessment- Appeals and Revision - Penalties and Prosecutions - Search, Seizure & Survey and Special - Procedure for Assessment of Search Cases - Wealth-Tax Learning Activities 1. Live case studies on individual and corporate tax planning 2. Simulated cases for tax planning on establishment of new business unit, amalgamation and

corporate restructuring 3. Practical assignments on Tax Return filing Essential Readings Sanghia Vinod K (2012). Direct Tax Planning and Management. New Delhi. Taxman's Publication References

1. Ahuja G.K. and Ravi Gupta (2012). Systematic Approach to corpotae Tax planning and management. New Delhi. Bharat Law House Pvt. Ltd.

2. Lakhotia,(2012). R.N: Corporate Tax Planning, Delhi.Vision Publications,. 3. Sanghania, V.K: Direct Taxes Law and Practice ,(2012). New Delhi Taxman's Publication. 4. Sanghia Vinod K (2012). Direct Tax Planning and Management. New Delhi. Taxman's

Publication

MFM 433 INTERNATIONAL FINANCE

COURSE DESCRIPTION

International finance is a branch of economics that studies the balance of payments issues, exchange rates, foreign direct investment, capital flows, trade deficits, and surpluses, and how they affect international trade and the global economy. The players in the foreign market are increasing in numbers with the presence of the much more liberalized policies and regulations. Students need to acquire knowledge on the functioning of trade globally and its financial implications. Knowledge of foreign exchange activities and the hedging of foreign exchange exposures and other related aspects of risk coverage while doing international business shall be imparted. The objective of including multinational financial management is to provide clear understanding about BOP, FOREX, Hedging in international market. LEARNING OUTCOMES After the completion of this course, the students should be able to understand with deregulation of financial markets, globalization, technological development that have increased competition in International financial markets. Hence the International Finance shall help students in decision making in an international context. The syllabus covers foreign exchange markets, euro currency, International bond markets which are crucial to international business. LEVEL OF KNOWLEDGE: Working Knowledge Total Hrs:55 COURSE OUTLINE UNIT I: CHANGING GLOBAL FINANCIAL ENVIRONMENT 8 Hours Evolution of the International Monetary system, Bimetallism, Classical Gold standard, Interwar period, Bretton woods system, Flexible Exchange rate regime. The current exchange rate agreements, European monetary system, Mexican peso crisis, Fixed Versus Flexible Exchange rate regime. Foreign Exchange Markets - The structure of the FOREX markets, Functions of Foreign exchange markets, The foreign exchange rates, Arbitrage – Theory & problems on Locational, Triangular & Interest rate arbitrage, The spot market, Cross rates of exchange, Bid-ask spreads, The forward market, The regulations. UNIT II BALANCE OF PAYMENTS 6 Hours Concept of Balance of payments, Concept and Principles behind compilation of BoP account, Components of BoP and factors affecting them, Importance and Limitations of BoP statistics, Relationship of BoP with other Economic Variables,Currency convertibility with reference to India. UNIT III DERIVATIVES 6 Hours Introduction, Exchange traded markets, OTC markets, Forwards, Mechanics of futures, Mechanics of Options, & Swaps, Foreign currency futures & currency options. UNIT IV EXCHANGE RATE DETERMINATION 8 Hours Interest rate parity, Purchasing power parity, The Fisher effects, Forecasting exchange rates – Efficient market approach, Fundamental approach, Technical approach, Performance of forecasters UNIT V EURO CURRENCY MARKETS 4 Hours Introduction to Euro markets, Euro currency instruments, Determinants of Euro currency rates, Growth of Euro dollar markets, International bond markets, External commercial borrowings, Euro

debts, foreign currency convertible bonds, Advantages of Euro bonds, Performance of Indian Euro issues UNIT VI MANAGING FOREIGN EXCHANGE EXPOSURE 9 Hours Management of foreign exchange risk, Management of translation Exposure, Management of transaction Exposure, Management of Economic Exposure UNIT: VIII FOREIGN INVESTMENT ANALYSES 4 Hours Measuring the Total Return from Foreign Investing, The Benefits of International Equity Investing, International Bond Investing, Optimal International Asset Allocation, Basics of Capital Budgeting, Issues in Foreign Investment, Political Risk Analysis, Growth Options and Project Evaluation. UNIT: XI COST OF CAPITAL FOR FOREIGN INVESTMENTS (6 Hours) The Cost of Equity Capital, The Weighted Cost of Capital for Foreign Projects, The All-Equity Cost of Capital for Foreign Projects, Discount Rates for Foreign Investment, Comparing the Cost of Capital with Developed & Developing countries UNIT: X CAPITAL STRUCTURE & DIVIDEND POLICY OF MNC (4 HOURS) Capital Structure of Multinational Firms and Dividend Policy of the Multinational Firm LEARNING OUTCOMES

1. Understanding of various Hedging techniques 2. Increase Forex trading capabilities 3. Implications of international trade on the country’s development.

Essential Reading

1. Madhu Vij, (2012) “International Financial Management”, Second Edition, New Delhi, Excel Books.

Reference:

1. Jeff Madura, (2011), “International Financial Management”, South-western international Thomson publishing company.

2. John.C.Hull, (2010) “Options, Futures & other derivatives”, VIth edition, Prentice Hall India publishing company.

3. Apte P.G, (2011) “International financial Management” New Delhi, TMH.

MFM 434

COMMODITY MARKETS AND DERIVATIVES Course Description This course aims to familiarize the students with the functioning, settlement systems, the factors influencing the commodity markets, the global and the domestic scenario of commodity markets, its role in the economy and the risk management aspects relating commodity trading. Learning Outcomes After the completion of this course, the students should be able to have understanding of the

1. Understand difference risk management tools 2. Valuation of Futures and Options 3. Commodity market operations and trading plat form 4. Use of derivatives tools for corporate risk management

LEVEL OF KNOWLEDGE: Working Knowledge COURSE OUTLINE UNIT- I 8 Hrs Introduction to Derivatives Derivatives defined - Types of derivatives - Financial derivatives - Commodity derivatives - Products, participants and functions – Exchange – traded versus OTC derivatives - Instruments available for trading - Types of instruments (future, options) Basics – Payoffs - Using commodity derivative Markets - Hedging – Speculation – Arbitrage UNIT-II

Risk Management using Derivatives 3 Hrs Risk Management using forwards and futures futures terminology, forward and future differences, limitations of forward markets, futures pay off – pay off for buyer and seller of future - Long future and Short future, application futures- Hedging, speculation and arbitrage, contract specification for stock futures and index future, eligibility criteria of stocks and indices. Risk management using options optional terminology, types of options and specifications option pay off –long short assets, long and short call, long short put, Margin, factors affecting options pricing , pricing of options, application of options-hedging and speculation, contract specification for stock and index option, option strategies(applications) UNIT- III 10 Hrs Commodity Derivatives How they differ from financial derivatives – Warehousing - Quality of underlying assets Global commodities exchanges - Commodities exchanges in India (regional & national)- Commodities permitted for trading - Kabra Committee Report (Roadmap) – Commodity - specific issues - Cropping and growth patterns - Global and domestic demand- supply – dynamics - Price trends and factors that influence prices UNIT- IV 6 Hrs Pricing commodity derivatives Investment assets versus consumption assets - The cost of carry model - Pricing futures contracts on investment commodities - Pricing futures contracts on consumption – commodities - The futures basis-Option valuation models-Black Scholes, Binomial theorem UNIT- V 6 Hrs The NCDEX platform About NCDEX - Exchange membership - Rules, regulations, byelaws - Commodities to be traded on the NCDEX platform - Types of commodities - Bullion (silver & gold) - Agricultural commodities

Trading on the NCDEX platform - Contract specifications - Trading system - Entities in the trading system – Trader – workstation - Order types and conditions - Exposure limits UNIT- VI 8 Hrs Clearing, Settlement and Risk Management Calendar and settlement schedule - Position determination - Settlement mechanism - Daily Mark to Market Settlement - Settlement price - Daily settlement price – Final - settlement price – Margining - Initial margin - Daily Mark to Market margin – Open - interest limits - Second Line of Defence - NSCCL SPAN@ - Final settlement - Cash settlement - Physical settlement(Warehousing) - Exception Handling - Funds Shortages - Delivery Shortages UNIT- VII 5 Hrs Regulatory Framework Rules governing Commodity Derivatives Exchanges - Rules governing Intermediaries - Investor Grievances, Arbitration Rules - Accounting and Taxation issues. LEARNING OUTCOMES

1. To conduct a study regarding the warehousing procedures and delivery system 2. To make trading strategies for different categories of stocks, indices and commodities.

ESSENTIAL READING Jayanth Rama Varma (2011). Derivatives and Risk management. New Delhi. Tata Mc Graw Hill

BOOKS FOR REFERENCE 1. Hull, John C., “Options, Futures and Other Derivatives”, 6th edition, Prentice Hall India. 2. S.L.Gupta (2011) Financial Derivatives – Theory, Concepts and Problems. New Delhi. Prenctice

hall publications. 3. “Futures and Options” Mumbai, BSE Book's Publication. 4. Avadhani, V.K., “Security Analysis and Portfolio Management” 7th edition, Himalaya Publication. 5. Mahajan R., (2011), “Futures & Options - Introduction to Equity Derivatives”, Vision Books

MFM 435 CORPORATE RESTRUCTURING Course Description The objective of this course is to facilitate understanding of corporate merger and acquisition activity, restructurings, and corporate governance in the M&A context. This includes exploring the theory and evidence regarding these topics; the motives for transactions, the sources of value added, valuation of mergers, and managerial incentives to engage in or resist these activities. To provide an in-depth understanding of all aspects of law and practical issues relating to corporate restructuring and insolvency. Learning Outcomes After the completion of this course, the students should be able

1. To inter link the subject of finance with the major strategic decisions of a proactive firm. 2. To focus on transactions significantly affecting the corporation’s assets, liabilities and/or

equity claims and will stress the economic motives for undertaking them. Transactions will be examined from the perspective of both the corporation (e.g., the CEO, CFO and board) and from the perspective of capital markets (e.g., investors, stockholders, creditors, hedge funds).

Level of Knowledge: Working Knowledge

Total Hrs: 55 Course Outline UNIT I. Introduction to Corporate restructuring

Meaning of corporate restructuring, need, scope and modes of restructuring, historical background, global scenario, national scenario. Strategies -Planning, formulation and execution of various corporate restructuring strategies - mergers, acquisitions, takeovers, disinvestments and strategic alliances, demergers and hiving off. UNIT II. Mergers Merger Process Dynamics of M&A process- identification of targets, negotiation-closing the deal. Five-stage model – due diligence (detailed discussion).Process of merger integration – organizational and human aspects –managerial challenges of M&A UNIT III. Takeovers 5 Hours Takeovers, types, hostile takeover approaches, Take over defenses – financial defensive measures – Coercive offers and defense – anti-takeover amendments – poison pill defense

UNIT IV. Funding of Mergers and Takeovers Financial alternatives; merits and demerits; funding through various types of financial instruments including equity and preference shares, options and securities with differential rights, swaps, stock options; ECBs, funding through financial institutions and banks; rehabilitation finance; management buyouts/ leveraged buyouts. UNIT V. Valuation of Shares and Business Introduction; need and purpose; factors influencing valuation; methods of valuation of shares; corporate and business valuation.(only theory)

UNIT VI. Corporate Demergers and Reverse Mergers 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.

Post Merger Re-organisation-Factors in post merger reorganization integration of businesses and operations, financial accounting, taxation, post merger valuation, human and cultural aspects; assessing accomplishment i of post merger objectives; measuring post merger efficiency.

UNIT VII. Financial Restructuring Reduction of capital; reorganisation of share capital Buy-back of shares - concept and necessity; procedure for buy-back of shares by listed and unlisted companies. Sick companies and their revival with special reference to the law and procedure relating to sick companies.

UNIT VIII. Winding up Concept; modes of winding up; administrative machinery for winding up. Winding up process and procedure; managing stakeholders and Parties in liquidation; conducting meetings of shareholders editors etc.; dealing with contracts; managing estate touring responsibilities to professionals/service providers such as valuers, security agencies, etc; best practices in performing liabilities; Role of liquidators and insolvency practitioners.Consequences of winding up; winding up of unregistered companies; dissolution. Cross Border Insolvency. Learning Outcomes

1. Students will identify the companies which have merged in recent times and prepare the entire process of merger.

2. Students will visit a company which has done a corporate restructuring in the recent past and list down the reasons and strategies adopted for the same.

Essential Reading Sharma L.M., (2012) “Amalgamation, Mergers, Takeovers Acquisitions-Principles, Practices & regulatory Framework” New Delhi, Company Law Journal. Reference 1. Verma, J.C., (2010) “Corporate mergers, Amalgamations and Takeovers” New Delhi, Bharat

Publishing house. 2. Chandrashekar Krishna Murthy & Vishwanath. S.R (2010) “Merger Acquisitions & Corporate

Restructuring” New Delhi, Sage Publication. 3. Bhatia, N.L., “Takeover Games & SEBI takeover regulations” New Delhi, Taxman allied services

pvt.Ltd. 4. Fred Weston, Kwang S Chung, Susan E Hoag, “Mergers,

Restructuring And Corporate Control” 5th edition Pearson India Education.

MFM 436 INSURANCE MANAGEMENT COURSE DESCRIPTION The objective of this course is to provide an exposure and understanding of the mechanism of Insurance Industry and equip the students, with the knowledge of important tools and, techniques, rules & regulations related to Insurance Business in India and to contribute effectively industry in particular and to the society in general. This course intends to provide a basic understanding of the insurance mechanism. It explains the concept of insurance and how it is used to cover risk. How insurance is transacted as a business and how the insurance market operates is also explained. The relationship between insurers and their customers and the importance of insurance contracts are discussed. Some commonly used insurance terms are also listed out. An overview of major life insurance and general insurance products is included as well. LEARNING OUTCOMES After the completion of this course, the students should be able

1) To familiarize the students with the scenario of Insurance business 2) To create an awareness and develop an understanding about the best practices in Insurance

Business 3) To orient the students with the knowledge and skills required to take up challenges and

exploit opportunities. LEVEL OF KNOWLEDGE: Working Knowledge COURSE OUTLINE UNIT – 1: INTRODUCTION TO INSURANCE MANAGEMENT 3 Hrs a) What is insurance. Purpose and need of insurance. How insurance works. The business of

insurance – pooling of rises & resources. Insurance as a social security tool. Role of insurance in economic development.

b) Fundamentals / principles of general insurance contract of insurance, condition necessary for a contract, contractual duty. Contribution under policy conditions.

c) Insurance documents proposal forms, policy forms, cover notes. Certificate of insurance, endorsements, renewal notice. other insurance documents

d) Theory and practice of rating basis of rate making, tariffs, market agreements, role of the T.A.C. e) Legislative and regulatory matters Insurance Act, IIXIIIVIII. The Insurance (Amendment) f) Act, II00II. General Insurance Business (Nationalisation) Amendment Act, II00II.I.R.D.A.

Regulations, II00II.

UNIT- 2 LIFE INSURANCE 8 Hrs Regulations relating to Life Insurance; general principles of life insurance contract; proposals and policy; assignment and nomination; title and claims; concept of trusts in life policy; Life Insurance Corporation - role and functions. UNIT - 3 GENERAL INSURANCE-I 14 Hrs

a) Fire Insurance b) The Standard Fire & Special Perils Policy. Terrorism Cover. Tariff System. Special Policies. c) Marine Insurance Marine Policies ,Duration of cover & Claims d) Motor Insurance

e) Motor Vehicles Act, IIXVIIIVIII , Personal Accident Cover for Owner-Driver , theft Claims f) Personal Accident I Nsurance Types of Disablement , Claims & Extended coverage g) Health Insurance Mediclaim Policy (Individual), Domiciliary Hospitalisation Benefit ,

Bhavishya Arogya Policy h) Liability Insurance Compulsory public liability Policy, Products liability Policy, Employer

Liability Policy i) Engineering Insurance Contractors All Risks (C.A.R.)Policy, Marine-Cum-Erection (MCE)

Policy, Machinery loss of Profits (MLOP) Policy , Advance Loss of Profits & Electronic Equipment Policy

UNIT - 4 GENERAL INSURANCE-II I0 Hrs

a) Miscellaneous Insurance Burglary Insurance , Baggage Insurance , Fidelity Insurance , Television Insurance Householders Insurance , Shopkeepers Insurance, Banker’s Insurance Policies , Jeweller’s Block Policies , Sport Insurance , Special contingency Policy

b) Claims Legal Aspects ,Surveyors and Loss Assessors , Claims documents ,& Loss Minimisation

c) Rural Insurance Rural policies, The Role of government , Cattle insurance & Poultry Insurance

d) Inland Fish Insurance Schemes Agricultural Pump Set Policy & Hut Insurance e) Obligations of Insurers to the social sector Definition of Social Sector & Nature and levels of

indemnity UNIT.5 RISK MANAGEMENT I0 Hrs Risk management is a new managerial discipline which has become a part of business management in many corporate firms. Risk identification, Risk evaluation, Risk Avoidance & Implementation UNIT - 6 6 Hrs Insurance surveyor ship Appointment, legal provisions and licensing, functions. LEARNING OUTCOMES

1. Case Analysis Exercise will be assigned to the students on Insurance 2. Assignments to test the aptitude and interest & to give an industry exposure of risk

management 3. Assignments to improve analytical & presentation skills

Essential reading Panda g.s., (2012) “principle and practice of insurance” bengaluru, kalyani publishers.

Reference 1. Gupta P.K., (2012) “Insurance and Risk Management”, Bengaluru, Himalayan Publication. 2. Dr Neelam C Gulati (2011).Principles of Risk Management and Insurance. New Delhi Excel

Publishing 3. Dr G Syamala Rao (2011).Growth and Performance of Insurance Sector with Special Reference to

LIC of India. New Delhi Excel Publishing 4. Panda g.s., (2012) “principle and practice of insurance” bengaluru, kalyani publishers.

SAPFI -131 FINANCIAL ACCOUNTING - II Back ground Knowledge:

Knowledge of the Financial Accounting component (Financials) SM001 SAP Solution Manager Overview which you must study in your own time before the course begins

Learning outcome:

Implement various business processes and periodic tasks in Asset Accounting, manage master data and configure Asset Accounting

Apply selected evaluation methods Special G/L transactions and document parking Apply substitutions and validations as well as archiving to financial accounting Utilize your knowledge directly as a consultant in your first period of practice

Course Based on Software Release SAP ERP Central Component 6.0, Enhancement Package 5 Course outline: UNIT - II

E-Learning SM001 SAP Solution Manager Overview Organizational structures, master data, and business processes in Asset Accounting: Chart of depreciation, depreciation area, asset classes, master data , asset transactions,

valuation, periodic processing, information system Evaluation methods in Financial Accounting (Info system and ABAP reports of general ledger

accounting, accounts receivable accounting, and accounts payable accounting, report variants, selection variables in variants, List Viewer, sample evaluations using the drilldown reporting tool)

Special G/L transactions and document parking Validations and substitutions in Financial Accounting Archiving in Financial Accounting

UNIT – II: Case study: implementation of a fictitious demo company using specific business processes, configuration and mapping of the company structure, master data, and business processes in the SAP system.

Notes o The course works with a SAP ERP 6.0 system on Enhancement Package 5 and active new general ledger (new G/L). o The functions of the following SAP releases are also covered in this course: R/3 4.6, R/3 Enterprise Ext. 1.10/ 2.00, SAP ERP Central Component 5.0. o To ensure that you retain the knowledge gained in this course and successfully complete the certification examination at the end of course TFIN52, we recommend that you consolidate the content in your own time after the course.

SAPCO 231: MANAGEMENT ACCOUNTING I Course Description: The course is based on a system with active new general ledger. This classroom training also covers functions of the following releases: R/3 4.6, R/3 Enterprise Ext. 1.10/2.00, SAP ERP Central Component 5.0 To make sure to be successful doing the test Software: SAP ERP Central Component 6.0 Enhancement Package 4 Course Objective: After this training class you are able to:

1. implement overhead management (Actual Postings and periodic closing activities) 2. perform cost center planning 3. perform product cost planning 4. implement cost object controlling

Level of Knowledge: Knowledge of Management Accounting (Controlling) Course Outline UNIT - I

1. E-Learnings SAP125 (SAP Navigation) 2. TERP01 (Introduction into processes in ERP) 3. TERP02 (Introduction into processes in Netweaver) 4. TERP22 (Introduction into processes in Management Accounting)

UNIT - II 1. Organisation Units and Master Data of Overhead Management (Cost Elements, Cost Centers,

Activity Types, statistical Key Figures, Inernal Orders) 2. Debiting Cost Centers and Internal Orders 3. Validation, Substitution, Reposting, Direct Activity Allocation 4. periodic Postings of Overhead Management (Periodic Reposting, Allocation, Overhead Rates) 5. Planning of Costs, Activities and Prices 6. Integrated Plannning in Management Accounting 7. Cost Estimate 8. Cost Estimates with Material 9. Scenario of Cost Object Controlling

SAPCO 232: MANAGEMENT ACCOUNTING II Course Description: TFIN22 is based on a system with active new general ledger. This classroom training also covers functions of the following releases: R/3 4.6, R/3 Enterprise Ext. 1.10/2.00, SAP ERP Central Component 5.0. To make sure to be successful doing the test exam it is necessary to repeat the content of the classroom training after the training. SAP ERP Central Component 6.0 Enhancement Package 4 Learning Outcome: After this training class you are able to:

1. implement Profit Center Accounting with new general ledger 2. implement Profitability Analysis 3. create reports with Report Painter and Drilldown Reporting 4. implement a blueprint of a business scenario during a Case Study

Level of Knowledge: Knowledge of Management Accounting (Controlling) UNIT - I Content:

Profit Center Master Data and Assigning Master Data (in new general ledger) Actual Postings of Profit Centers (in new general ledger) Profit center-Planning (in new general ledger) Data Structures of Profitability Accounting Derivation of Profitability Segments Valuation of Value Fields Actual Posting in Profitability Analysis Planning in Profitability Analysis Report Painter Drilldown Reporting

UNIT - 2 Integrated Case Study: Implementing a business case scenario, Configuration of Enterprise Structure, Master Data and Business Cases in an SAP-System