I N D I A N I N S T I T U T E O F F I N A N C E 30

DISTANCE LEARNING COURSE LISTINGS

203 Economics for Financial Analysis-II:Macro Economics: National IncomeConcepts and Methods of Estimating;Theory of National Income Determination;Analysis of Money Market ;Credit Market-Working and Control Mechanism; GeneralEquilibrium - IS-LM Model; InternationalAspects of Macroeconomics ; Theory ofPublic Finance; India’s Public Finance;Macroeconomics Policies. Consumptionfunction, Saving and Investmnent, Theoryof Employment and Income, Inflation-causes and consequences

204 Managerial Accounting & Control:Managerial Accounting Environment; CostFlows and Concepts; Structure andAnalysis of Cost; Techniques of Costing;Cost-Volume-Profit Analysis ; StandardCosting and Variance Analysis; Budgeting& Budgetary Control; Inventory Planning& Control; Pricing Decisions, RecentDevelopments.

205 Financial Management: BasicConcepts of Valuation; InvestmentDecisions - Techniques of CapitalBudgeting; Cost of Capital; Risk Analysisin Capital Budgeting; Financing Decisions- Theories of Capital Structure, Planningthe Capital Structure, Assessment ofDebt Capacity; Dividend Decisions,Models of Dividend Policy ,Legal Aspectsof Dividends; Working CapitalManagement, Financial StatementAnalysis. Financial Markets, InternalFinancing, Lease Financing, MerchantBanking, Corporate Restructuring.

206 Business & Corporate Taxation-I:Direct Taxes: Nature and Scope ofCorporate Taxation ; Taxation for PropertyBusiness , Individual, Partnership Firms ,Corporate Tax and Procedure; AssessmentProcedure; Wealth Tax.

301 Business & Corporate Taxation--II:Indirect Taxes: Sales Tax- Rationale,Structure and Adminstration of SAlesTax in India; Excise Duty- Rationale ofExcise Duty, Classification of Goods,MODVAT,Valuation, Refund; CustomDuties-Rationale, Classification of Goods,Import & Export tariff, Duty Drawback,Search & seizure, Appeals and Revisions.

302 Security Analysis & PortfolioManagement: Objectives of FinancialInvestment; Markets for Securities;Security Returns and Valuation; RiskFactors; Economic Analysis; IndustryAnalysis; Company Analysis; TechnicalAnalysis; Bond Analysis ; Stock Marketin India ; Indian P/E Ratios & their Role;

its applications, Goal programming,Formulation and applications, Applicationsof Dynamic Programming, SimulationTechniques and Applications, Cases ofOperations Research

106 Business Environment & Ethics:Economic Environment, Factors affectingDemand, Market Environment, ValueSystems, Trends & Structure of IndianEconomy; Socio-Cultural Environment,Class Structure, Demographic Profile, LifeStyles; Financial Environment, FiscalSystem;Banking, Insurance, FinancialInstitutions, Export Finance, Public Issue,Company Deposits,DebenturesEnvironment & Ecology - Ecosystem,Deterioration in Environment & EcologicalImbalances, Threats to Ecosystems,Government Policy towards Environment;Political Environment - Shift in PoliticalWeather, Effects of Attitudes/Preferences;Business Environment, Industrial Policy,Privatisation, Policy on Foreign Investment& Technology; Business Ethics. Mainprovisions of : Indian Contracts Act, 1872;Negotiable Instruments Act, 188;Companies Act, 1956 ; Monopolies &Restrictive Trade Practices Act, 1969;Consumer Protection Act, 1986 ; Securities& Exchange Board of India Act, 1992;Patents Act; Securities & Contracts Act,1956; Sick Industrial Companies Act, 1985;Foreign Exchange Regulation Act.

201 Organisational Development:Organisational Environment;Organisational Change, Change Process,Resistance to Change, Management ofChange; Approaches to OrganisationalDevelopment, OrganisationalDevelopment Process; Team Building;Organisational Dynamics, Power &Politics; Organisational Climate,Components of Organisational Climate;Morale; Organisational Culture & Sub-cultures; Socialisation ; OrganisationalCulture, Organisational Effectiveness.

202 Introduction to Computers:Introduction to Computer Systems;Components of a Computer System;Computer Software and Hardware;Introduction to Networking Concepts -Local Area Network, Wide Area Network,E-mail, Internet ; Storage & Retrieval ofData ; Application Packages -SpreadSheets, Word Processing, Data BaseManagement Systems Packages, Graphics,Statistical Packages, Financial Packages.;Managing Data Processing inOrganisation; E-Commerce.

101 Accounting for Financial Analysis:Understanding Financial Statements;Analysis of Financial Statements- RatioAnalysis, Funds Flow Statement, CashFlow Statement; Accounting Concepts andConventions; Accounting for Depreciation,Inventory Valuation, Managing PublicIssues, Financial Statements of Banking,Insurance and Non-Profit entities, Price levelchanges; Appropriation of Profits; RecentTrends in Corporate Reporting.

102 Organisational Behaviour : Natureof Organisational Behaviour; Theories ofOrganisation Behaviour; Organisationalsetting; Group dynamics andorganisational behaviour; Conflict andintergroup behaviour; Motivation andorganisational behaviour; Communicationand group decision making; Leadership;Organisational controls;

103 Quantitative Techniques:Statistics &Econometrics: Managerial decisionmaking and Statistics; Frequencydistribution and their analysis; IndexNumbers; Probability Theory, Samplingand sampling distributions; Estimation;Tests of Significance; Constructions ofConfidence intervals for means andproportions; Simple Linear regressionanalysis; Simple Correlation analysis;Multiple regression and correlationanalysis; Time series analysis.Introductionto Nature and Scope of Econometrics;Linear Models; Extension of the LinearModel; Generalised Least Squares (GLS)estimation; Simultaneous Equationsmodels; Monte Carlo Studies, Simulationprocess, Evaluating simultaneous models;Simultaneous confidence intervals.

104 Economics for Financial Analysis-I:Micro Economics: Demand and SupplyAnalysis; Production; Cost of Production;Profit Maximisation and CompetitiveSupply; Competitive Markets; MarketPower - Monopoly, Monopsony,Monopolistic Competition and Oligopoly;Market for Factor Inputs; GeneralEquilibrium and Economic Efficiency;Externalities and Public Goods.

105 Management Science:Scientific decisionmaking; Mathematical models and decisiontheory;Matrices, Convex set & Convexfunction,Linear Programming (ResourceAllocation) - Graphical and simplexmethod, Transportation and Assignment,Duality and Post Optimality, Sequencing,Game Theory, Queuing Theory, PERT/CPM, Markov analysis; Non-LinearProgramming - Integer programming and

Our VC Prof. Saurabh Agarwal with Dr. SalmanKhurshid, Minister of External Affairs, INDIA

Prof. Reena Aggarwal, Deputy Dean, BusinessSchool, Georgetown University, USA at IIF

Prof. B.B. Bhattacharya, Vice Chancellor,Jawaharlal Nehru University (JNU), INDIA at IIF

P R O S P E C T U S 31

IIF enjoys a spirit of bonhomie andcordiality prevailing amongst the facultymembers, staff and students. It is bracedwith the informal and free academicatmosphere. In addition many professorsfrom abroad have contributed to theenrichment of teaching and research, throughseminar series, dinner and lunch talks. Theyhave also given the institute a richinternational flavour. IIF Fraternity includespresent and past students, faculty andothers who are associated with the activitiesof the Institute.

IIF STUDY GROUPS

IIF study groups help its membersto make up and refurbish the knowledgegaps. Study groups encourage learning,teaching exercises amongst students insmall groups.

IIF FRATERNITY

IIF Fraternity provides an excellentopportunity whereby the interests of thestudents can be represented. The Fraternityacts as a centre for interaction anddissemination of information amongmembers who are now senior executives intheir respective fields. Headed by thestudents this club also undertakes allactivities of the institute including organisingEminent speaker lecture series; seminars,debates, cultural functions, Inter-institutemanagement functions etc.

IIF FINANCE FRATERNITY

IIF has set up a finance fraternity todebate and discuss issues of contemporaryrelevence in the areas of finance andaccounting in a free and frank atmosphere.The Finance Fraternity constitutes of IIF

students, faculty, visiting faculty andAlumni. Outsiders seriously interested inthe field of finance and such contemporaryissues are welcome and often invited to bea part of fraternity activities.

Securities Market Systems & Dynamics.Basic Approaches to PortfolioManagement ; Portfolio Theory; BondManagement Strategies; PortfolioSelection; Portfolio Analysis; PortfolioManagement and PerformanceMeasurements; Portfolio RevisionTechniques; Management of MutualFunds; Modifying Portfolio withDerivatives; International Diversification.

303 Working Capital Management:Overview; Working Capital Policies;Planning of Working Capital; Analysis ofWorking Capital; Financing & Control ofWorking CApital,Management of CashMarketable Securities, Receivables,Inventory, Current Liabilities.

304 Indian Financial System: Structure &Functions of Financial System, Equilibriumin Financial Markets; Overview of the IndianFinancial System; Reserve Bank of India;Commercial Banking in India; All IndiaDevelopment Finance Institutions;Financial Sector Reforms; SpecialisedFinancial Institutions; Money Markets;Capital Markets; Mutual Funds; CreditRating; Non-Banking Financial Companies;Venture Capital; Foreign InstitutionalInvestors; Insurance Companies.

305 Business Policy & CorporateStrategy: Concept of Corporate Strategy;Mission, Objectives & Goals; Social Aspectsof Business Policy; Environmental Analysisof Business Policy; Analysis of InternalResources; Strategic Planning; Choice ofStrategy; Strategy Implementation; Reviewand Evaluation of Strategy.

306 MIS & Finance: ComputerApplications: Meaning, Nature andObjectives of Management ControlSystem; Systems Theory & ManagementControl; Financial Control; ManagementControl in Functional Areas - Production& Inventory Control, Marketing &Distribution Control, Personnel Function,Management Control in ServiceOrganisation.

401 International Finance: Scope ofInternational Finance, Balance of Payment& Exchange Rate Determination; ForeignExchange Market; Forward ExchangeRates; Currency Futures; CurrencyOptions; Evolution of InternationalMonetary and Financial System;International Investment; Exchange RateManagement; International Banking;Nature of Global Financial Market;Growth and Special Problems ofMultinational Corporations; FinancialDimensions of International Trade;Multinational Working CapitalManagement; Foreign Trade Financing.

402 Corporate Tax Planning &Management: Nature and Scope ofCorporate Taxation; Methods of TaxPlanning; Selection of Appropriate Formof Organisation; Corporate TaxManagement Through ManagerialDecisions; Accounting Precautions ToMaximise a Tax Relief;Tax considerationsin certain cases.Minimum Alternate Tax,Corporate Tax Management throughFinancial Policies, Wealth Tax on closelyheld companies.

403 Management of FinancialInstitutions: Financial Institutions &Economic Growth; Types of FinancialInstitutions; Role of Reserve Bank of Indiain maintaining Regulations in India,Management of Commercial Banks,Development Banks, InvestmentInstitutions; Financial Sector Reforms.

404 Project Appraisal: Planning &Control: Project Appraisal - AnOverview; Market Appraisal; TechnicalAppraisal; Estimates and Projections;Financial Appraisal; Risk Analysis ofProjects; Social Cost Benefit Analysis;Identification of InvestmentOpportunities; PERT and CPM; Project

Review Procedures.405 Financial Planning: Strategic Financial

Planning; Scanning Financial Environment;Cash Flow Budgets; Financial Planningwith Pro-forma Balance Sheet; AdvancedFinancial Analysis & Planning; Short-term& Long-term Financing; Financial PlanningModel.

406 Financial Management of PublicSector Enterprises: Objectives & Strategyof Public Enterprises; Management ofPublic Enterprises; Financial Managementin Public Sector; Production Management;Accountability and Control; InvestmentFinancing & Project Appraisal.

407 Project Management & InvestmentDecisions: Investment Decision Making -Basic Consideration : Risk and Return;Identification of Invt. Opportunities;Market Appraisal; Technical Appraisal;Estimates and Projection; FinancialAppraisal; Social Cost Benefit Analysis;PERT and CPM - Time and ResourcePlanning; Project Review and Control Stopby Stop Procedure.

408 Budgeting & Budgetary Control:Management Process; Fundamentals ofBudgeting; Classification & Types ofBudgets; Budgeting Process; Applicationof Budgeting; Performance Evaluationand Follow Procedures; Analysis ofBudget Variances & Budgetary Control.

409 Personal Investment & Tax Planning:Nature & Prospects of PersonalInvestment; Savings & Investment;Investment setting; Investment Analysis& Management; Risk & Returns; ModernPortfolio Theories; Portfolio Management& Performance; Tax Planning &Investment, Capital Gains; Income fromother sources; Deduction & Rebates.

700 Project Work (Equivalent to twocourses) : With the objective of providinggreater flair of corporate experience, eachparticipant is required in Semester IV/VI, to be associated with a CorporateHouse and choose a practical problemrelevant to the Company. The participantis expected to understand/ comprehendthe problem, evaluate the variousoptions and then suggest feasiblesolutions for the same.

IIF STUDENT ACDEMIC LIFE

DISTANCE LEARNING COURSE LISTINGS

Our VC Prof. Aman Agarwal recieving 18thDewang Mehta Award on behalf of IIF, Mumbai