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Goa University

P.O. Goa University, Taleigao Plateau, Goa 403 206, India

Syllabus of BBA (Financial Services) Programme

offered at the Colleges under OB 27

w.e.f. the Academic Year 2013-14

A brief description of the Programme:

This self-financed Undergraduate programme is being offered by VVM’s Shree Damodar

College of Commerce & Economics, Margao, Goa, under the Department of Commerce, Goa

University.

Purpose:

The financial sector is one of the most rapidly growing service sectors in India as well as in

the world, and offers huge employment opportunities. Presently, at Goa University,

specialization in Finance is only a Post-Graduate option [MBA, MBA (Financial Services)],

and not all students can pursue a Post-Graduate degree. The BBA (Financial Services)

programme aims to develop students’ knowledge and skills in the vast areas of Finance and

can help students gain entry into the Financial Services sector.

Prerequisites:

For entry into this programme, a student must have passed Standard XII in any stream of the

Goa Board of Secondary and Higher Secondary Education or any other equivalent

examination recognized by Goa University.

Number of semesters, How the courses are distributed:

This is a six-semester choice-based credit programme spread over three years. Each student

has to complete a total of 160 credits. In each semester, there is a mix of 2, 3 and 4 credit

courses. 2-credit courses (each of 50 marks) are conducted in 3 weekly sessions of 45

minutes each; 3-credit courses (each of 75 marks) are conducted in a 4 weekly sessions of 45

minutes each; 4-credit courses (each of 100 marks) are conducted in 5 weekly sessions of 45

minutes each

Internship and Project:

During the course of the 3-year programme, students complete 2 summer internships –

between Semesters II & III and between Semesters IV & V, based on which they write

project reports and present seminars. This exposure to the world of work helps them relate

their theoretical knowledge to the real world, and gives students the competitive edge needed

when applying for jobs.

The table on the next page lists the semester-wise courses under the programme. A

description of each of the courses is given in subsequent pages.

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BACHELOR OF BUSINESS ADMINISTRATION (FINANCIAL SERVICES)

Programme Structure w.e.f. academic year 2013-14

In the following table, L refers to lectures, T to tutorials and P to practicals. The

description of a course appears on the page number listed in the table.

Code Course Credits Marks L-T-P

Pg.

No.

SEMESTER I

101 Environmental Studies-I 2 50 3-0-0 5-6

102 Business Mathematics 2 50 3-0-0 7

103 Life Insurance 3 75 4-0-0 8

104 Soft Skills-I 3 75 4-0-0 9

105 Microeconomics 4 100 5-0-0 10-11

106 Essentials of Management - I 4 100 5-0-0 12-13

107 Fundamentals of Accounting 4 100 5-0-0 14

108 Indian Financial System 4 100 5-0-0 15

109 IT Skills-I 2 50 1-0-2 16

Total 28 700

SEMESTER II

201 Environmental Studies-II 2 50 3-0-0 17-18

202 Practical Banking-I 2 50 0-0-2 18

203 Research Methodology-I 3 75 4-0-0 19

204 Soft Skills-II 3 75 4-0-0 20

205 Essentials of Management - II 4 100 5-0-0 21

206 Financial & Cost Accounting 4 100 5-0-0 22-23

207 Indian Banking System 4 100 5-0-0 24

208 Data Analysis & Quantitative Techniques 4 100 5-0-0 25

209 IT Skills-II 2 50 1-0-2 26

Total 28 700

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SEMESTER III

301 Summer Internship Report 4 100 27

302 Summer Internship Seminar 2 50 27

303 Practical Banking-II 2 50 0-0-2 27

304 Quantitative Skills 2 50 3-0-0 28

305 Banking Operations 4 100 5-0-0 29

306 Financial Services - I 4 100 5-0-0 30

307 Indian Securities Markets 4 100 5-0-0 31-32

308 Financial Management 4 100 5-0-0 33-34

Total 26 650

SEMESTER IV

401 General Insurance 2 50 3-0-0 35

402 Research Methodology-II 2 50 3-0-0 36

403 Soft Skills-III 2 50 3-0-0 37

404 Direct Taxes 4 100 5-0-0 38-39

405 Management Accounting 4 100 5-0-0 40

406 Stock Market Operations 4 100 5-0-0 41

407 Financial Services - II 4 100 5-0-0 42-43

408 Macroeconomics 4 100 5-0-0 44-45

Total 26 650

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SEMESTER V

501 Summer Internship Report 4/8 100/200 46

502 Summer Internship Seminar 2/3 50/75 46

503 Current Business & Finance Issues-I 2 50 3-0-0 46

504 Soft Skills-IV 2 50 3-0-0 47

505 Accounting for Financial Services 4 100 5-0-0 48

506 Indirect Taxes 4 100 5-0-0 49

507 Corporate Finance 4 100 5-0-0 50

508 Derivatives and Commodity Markets 4 100 5-0-0 51-52

Total 26 650

SEMESTER VI

601 Current Business & Finance Issues-II 2 50 3-0-0 53

602 Business & Financial Sector Legislation 2 50 3-0-0 54-55

603

Financial Statement Analysis and Decision-

Making 3 75 4-0-0

56

604 E-Commerce 3 75 4-0-0 57-58

605 Security Analysis and Portfolio Management 4 100 5-0-0 59

606 Strategic Management 4 100 5-0-0 60

607

International Finance & Foreign Exchange

Markets 4 100 5-0-0

61-62

608 Corporate Restructuring 4 100 5-0-0 63

Total 26 650

TOTAL CREDITS 160 4000

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101: ENVIRONMENTAL STUDIES-I (2 credits: 50 marks)

Objective: To sensitize the students to current environmental issues and educate them

about their role in and protection of the environment

Unit 1: The Multi-Disciplinary Nature of Environmental Studies

Definition, scope and importance; need for public awareness

Unit 2: Natural Resources

Renewable and Non-renewable resources: natural resources and associated problems

a) Forest Resources: use and over-exploitation; deforestation; case studies; timber

extraction, mining, dams and their effects on forest and tribal people

b) Water Resources: use and over-exploitation of surface and ground water; floods,

droughts; conflicts over water; dams- benefits and problems

c) Mineral Resources: use and exploitation; environmental effects of extracting and

using mineral resources; case studies

d) Food Resources: World food problems; changes caused by agriculture and

overgrazing; effects of modern agriculture; fertilizer-pesticide problems;

waterlogging, salinity; case studies

e) Energy Resources: growing energy needs; renewable and non-renewable energy

sources; use of alternative energy sources; case studies

f) Land Resources: land as a resource; land degradation; man-induced landslides, soil

erosion and desertification

Role of an individual in conservation of natural resources; equitable use of resources

for sustainable lifestyles

Unit 3: Ecosystems

Concept of an ecosystem; structure and functions of ecosystems; producers,

consumers and decomposers; energy flow in the ecosystem; ecological succession;

food chains, food webs and ecological pyramids Introduction, types, features,

structure and functions of the following ecosystems: forest ecosystem, grassland

ecosystem, desert ecosystem, aquatic ecosystem (ponds, streams, lakes, rivers, seas,

estuaries)

Unit 4: Biodiversity and its Conservation

Introduction – definition, genetic, species and ecosystem diversity; bio-geographical

classification of India; value of biodiversity – consumptive use productive use, social,

ethical, esthetic and option values; biodiversity at local, regional, national and

international levels; India as a mega-diversity nation; hotspots of biodiversity; threats

to biodiversity – habitat loss, poaching of wildlife, man-wildlife conflicts; endangered

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and endemic species of India; conservation of biodiversity – in-situ and ex-situ

conservation

Recommended Readings

Agarwal K.C. (2001): Environmental Biology, Bikaner, Nidi

Bharucha E.: The Biodiversity of India, Ahmedabad, Mapin

Bharucha E.: Textbook of Environmental Studies

Brunner R. C. (1989): Hazardous Waste Incineration, New York, McGraw-Hill)

Chatwal G. R. & Sharma H. (2005): A Textbook of Environmental Studies, Mumbai,

Himalaya

Clark R.S.: Marine Pollution, Oxford, Clanderson

Cunningham W. P., Cooper T. H., Gorani E. & Hepworth M. T. (2001):

Environmental Encyclopaedia, Mumbai, Jaico

De A. K.: Environmental Chemistry, Wiley

Desai R. J. (2003): Environmental Studies, Mumbai, Vipul

Gleick H. P. (1993): Water in Crisis, Stockholm Envt. Institute, OUP

Hawkins R. E.: Encyclopaedia of Indian Natural History, Mumbai, BNHS

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102: BUSINESS MATHEMATICS (2 credits: 50 marks)

Objective: To develop the students’ quantitative skills and make them proficient in

various mathematical techniques which are useful in the world of business and

finance.

Unit 1: Theory of equations (20% marks)

Simple linear and Simultaneous equations, elimination and substitution method,

Quadratic equations- factorization and formula method (8 lectures)

Unit 2: Progression (20% marks)

Arithmetic progression- finding the nth term and sum of 1st n terms of an A.P.

Geometric progression- finding the nth term and sum of 1st n terms of a G.P.

Business application of A.P. and G.P. (7 lectures)

Unit 3: Commercial Arithmetic – I (25% marks)

Discount, Commission and Brokerage, Profit and Loss (10 lectures)

Unit 4: Commercial Arithmetic – II (35% marks)

Simple interest, Compound interest, Annuity, Discounting, Present and Future Value

of annuity, Sinking fund (13 lectures)

References:

Dikshit A. & Jain J. K. (2005): Business Mathematics, Mumbai, Himalaya, 1e

Goel A. & Goel A. (2005): Mathematics and Statistics for CA Professional

Examination, New Delhi, Taxmann, 3e

Arora P. N. & Arora S. (2006): Mathematics, CA - Professional Education

Mazumdar N.: Mathematics for Computers

Joshi N. & S. G. Chitale: Mathematical Techniques

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103: LIFE INSURANCE (3 credits: 75 marks)

Objective: to familiarize the student with the basic concepts and principles of

insurance in general, and life insurance in particular

Unit 1: Introduction (20% Marks)

Meaning, Nature/Characteristics of Insurance

Purpose & Need - benefits of Insurance to Individuals & Society

Principles of Insurance,

Types of Insurance

New Insurance Products,

Bancassurance

Present state of Insurance Industry in India (12 lectures)

Unit 2: Legal Framework (20% Marks)

Essential features of Insurance Contracts

Salient features of Insurance Act 1938, LIC Act 1956, GIC Act 1972, IRDA Act

1999, Agency Law, Consumer Protection Act 1986 (12 lectures)

Unit 3: Life Insurance (60% Marks)

Meaning & Importance

Types of Life Insurance Policies

Documentation of Life Insurance Contract

Settlement of Claims

Underwriting of New Business

Servicing of policy holders

Pricing of Life Insurance

Channels of Distribution (32 lectures)

Recommended Readings:

Bodla B. S. (2003): Insurance Fundamentals, Environment and Procedures, New

Delhi, Deep and Deep

Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,

Growth & Innovations, New Delhi, Tata-McGraw Hill, 3e

Gopal V. S. & Gopal S. (2005): Principles & Practices of Banking & Insurance,

Mumbai, Himalaya

Gupta P. K. (2004): Fundamentals of Insurance, Mumbai, Himalaya

Gupta P. K. (2004): Insurance & Risk Management, Mumbai, Himalaya

Mishra M.N. & Mishra S. B. (2007): Insurance Principles & Practice, New Delhi, S.

Chand & Co., 14e

Periasamy P. (2005): Principles and Practice of Insurance, Mumbai, Himalaya .

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104: SOFT SKILLS-I (3 credits: 75 marks)

ORAL COMMUNICATION

Objectives: to enable the student to communicate effectively and confidently,

facilitate interpersonal communication, understand etiquette and to be a good public

speaker.

UNIT 1 – INTRODUTION TO COMMUNICATION SKILLS (30% marks)

Listening Skills – effective listening, and listening in social situations

Reading Skills - How to improve reading skills, How to cultivate the habit of

functional reading, scanning, skimming, rapid reading, careful reading and Fast

reading strategies. (17 lectures)

UNIT 2 - CONVERSATION IN ENGLISH (30% Marks)

Parts of a conversation, Guidelines to improve conversation skills, and conversation in

social situations

Making Introductions in social situations

Social etiquette (17 lectures)

UNIT 3 – PUBLIC SPEAKING (40% Marks)

Preparation and developing the topic

Opening a talk and closing a talk

Rehearsing the talk

Presenting the talk

Drafting frequently made speeches such as welcome, introducing a speaker, a short

talk and vote of thanks (22 lectures)

References/Suggested Reading:

Rao N. & R. P. Das: Communication Skills

Salgaoncar R.: The Pleasure of your company

Rai U. & S.M. Rai: Oral Business Communication, Himalaya Publishing House.

Doctor A. H.: A course in Communication Skills in English

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105: MICROECONOMICS (4 credits: 100 marks)

Objective: to give students an understanding of the basic tools of economics and their

application in business; to develop students’ analytical abilities in the area of business

microeconomics

Unit 1: Introduction (10% marks)

Introduction to Economics – definition, scope and subject-matter; basic economic

problems; Microeconomics & Macroeconomics; meaning & scope of business

economics; basic concepts in economics; market and command economies

(5 lectures)

Unit 2: Demand & Supply Analysis (20% marks)

Demand Analysis – concept, determinants and demand function, law of demand,

demand schedule and demand curve, exceptions to law of demand, individual and

market demand, rationale for law of demand (brief explanation of price effect, income

effect and substitution effect); demand distinctions; elasticity of demand – types

(price, income, cross and promotional), measurement, determinants and uses of

concept of elasticity (15 lectures)

Supply Analysis – concept, determinants and supply function, law of supply, supply

schedule and supply curve; elasticity of supply (5 lectures)

Unit 3: Production & Cost Analysis (30% marks)

Production – meaning, production function – short-run and long-run; concepts – total,

marginal and average product, inter-relationship; law of variable proportions –

schedule and diagram, stages; Returns to scale – increasing, decreasing and constant

returns to scale; economies and diseconomies of scale (17 lectures)

Cost Analysis: Concepts – private and social cost, opportunity cost, money cost,

economic and accounting costs; short run costs and long run costs – fixed and

variable, total, average and marginal; cost schedules and cost curves

(5 lectures)

Unit 4: Markets & Pricing

Markets (30% marks)

Meaning; revenue concepts and curves; types of market structures – perfect

competition, monopoly, monopolistic competition, oligopoly – features; short-run and

long-run price-output decisions of the firm under each market structure, cartels and

price leadership under oligopoly; price discrimination – meaning and conditions

(18 lectures)

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Pricing (10% marks)

Price-Output determination, Equilibrium Analysis – shifts in demand and supply and

impact on equilibrium; time element; Pricing methods – cost-plus pricing, skimming

price and penetration price, administered prices, dual prices, pricing over the life-cycle

of a product.

(10 lectures)


Begg D., Fischer S. & Dornbusch R. (1984): Economics, London, McGraw-Hill

Colander D. C. (1994): Economics, Boston, Irwin

Dean J. (1992): Managerial Economics, New Delhi, Prentice-Hall of India

Mehta P. L. (1999): Managerial Economics – Analysis, Problems & Cases, New

Delhi, Sultan Chand & Sons, 6e

Salvatore D. (1999): Managerial Economics, London, McGraw-Hill

Samuelson P. & Nordhaus W. (2000): Economics, New Delhi, Tata McGraw-Hill, 16e

Taylor J. B. (2000): Economics, New Delhi, A.I.T.B.S. 2e

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106: ESSENTIALS OF MANAGEMENT-I (4 credits: 100 marks)

Objectives: To introduce the student to the nature of business management; to

familiarize the student with the functions and roles of a modern manager; to

emphasize the social responsibility of business and business ethics, using case studies

to supplement classroom teaching with real life applications

Unit 1: Nature of Management (20% marks)

Meaning and Definition, Need and Importance, Management v/s Administration,

Management as an Art, Management as Science, Management as Profession, Levels

of Management, Manager Today: New Challenges (15 lectures)

Unit 2: Functions of Management (25% marks)

Planning: Meaning, Importance, Steps, Essentials and Limitations

Forecasting: Need and Techniques

Decision Making: Type, Process of rational decision making and techniques of

decision making.

Organizing: Elements of organizing and processes, types of organizing, delegation of

authority, centralization, decentralization, span of control, organization chart,

departmentation

Controlling: Meaning, Need, Nature, Importance, Process and Techniques.

(19 lectures)

Unit 3: Managerial Role (25% marks)

Leadership: Meaning, Need, Functions, Qualities, Styles, Theories: Trait,

Behavioural, Situational.

Motivation: Meaning, Importance, Theories: Need Hierarchy, X and Y, Herzberg’s.

Communication: Meaning, Importance, Barriers, overcoming barriers.

Coordination: Need and Importance

Directing, Staffing, Budgeting: Meaning, Importance (in brief)

(19 lectures)

Unit 4: Social Responsibility of Management & Business Ethics (30% marks)

Levels of Social Responsibility, Interest groups, Arguments for and against Social

Responsibility, Case Study

Business Ethics: Meaning and Definition, Need and Importance, Principles of Ethics,

Factors, Code of Ethics, Case study (22 lectures)


Appleby R. (1994): Modern Business Administration, London, Pitman

Burton G. & Thakur M. (1996): Management Today–Principles & Practices, New

Delhi, Tata McGraw-Hill

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Chakraborty S. K. (2005): Ethics in Management –Vedantic Perspectives, New York:

OUP

Chandan J. S. (1997): Management Theory & Practice, New Delhi, Vikas

Hasmer, La Rue & Tone (1989): The Ethics of Management, New Delhi, Universal

Menezes F. (1981): Cases in Management, New Delhi,Tata McGraw-Hill, 2e

Parmanand (2005): A Handbook of Management, Jaipur, ABD, 1e

Prasad L. M. (1998): Principles of Management, New Delhi, Sultan Chand & Sons

Ramasamy T. (2002): Principles of Management, Mumbai, Himalaya, 4e

Sherlekar S. A., Appannaiah H. R. & Reddy P. N. (2003): Business Management,

Mumbai, Himalaya

Srinivasan R. & Chunawalla S. A. (1998): Management Principles and Practice,

Mumbai, Himalaya

Stoner J. & Freeman E. (1994): Principles of Management, New Delhi, Prentice-Hall

Suri R. K. & Chhabra T. N. (1999): Management and Organization, New Delhi,

Vanity

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107: FUNDAMENTALS OF ACCOUNTING (4 credits: 100 marks)

Objective: To enable students to understand the principles and practices of

accounting. At the end of the semester they will be able to prepare the Final accounts

of a Sole trading concern and a Partnership firm.


Basic terms of accounting, Accounting Principles, Concepts, Conventions, Indian

Accounting Standards, IFRS, Accounting Equation, System of accounting: Cash

system and mercantile system, Accounting as information system, Users of accounting

information. (15 lectures)

Unit 2: Accounting Process & Procedure (30% marks)

Transaction/Event, Voucher: Meaning, Types of Vouchers, Receipt (Credit Voucher),

Payment (Debit Voucher), Journal (Accrual) Voucher, Journal, Subsidiary Books

(Purchase/Sales Day book, Purchase Return/Sales Return Book, Cash Book (double

and triple column, journal proper), Ledger, Trial Balance.

Bank Reconciliation Statement

Meaning and need; Causes of disagreement (22 lectures)

Unit 3: Depreciation Accounting (25% marks)

Meaning, causes, need, Assessment & Allocation of depreciation with reference to AS

6, methods: Straight line method, Reducing balance method, Change in Method

(problems). Machine hour rate, replacement method, revaluation method, depletion

method (only theory) (19 lectures)

Unit 4: Financial Statements (25% marks)

Preparation of financial statements: Horizontal and Vertical form. Horizontal Form

(Trading A/c, Profit and Loss A/c, Balance Sheet), Vertical form (Income statement

and Balance Sheet with and without schedules) (19 lectures)

Reference:

Gupta R. L. (1982): Problems and Solutions in Advanced Accounting, New Delhi,

Sultan Chand

Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II),New Delhi,

Tata McGraw-Hill

Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas

Shukla M.C. & Grewal T. S. (1996): Advanced Accounting, New Delhi, Sultan Chand

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108: INDIAN FINANCIAL SYSTEM (4 credits: 100 marks)

Objectives: To acquaint students with the structure and components of the Indian

Financial System; to familiarize students with different types of financial institutions

and their place in the Indian Financial System


Financial System: meaning, functions, role of financial system in economic

development and growth

Financial Development: Meaning, Concept, Indicators of financial development

Unorganized financial sector – components, importance, drawbacks

Financial inclusion: meaning and RBI’s definition, extent of financial exclusion in

India (19 lectures)

Unit 2: Financial Markets (25% marks)

Meaning, Role, Functions, classification of financial markets

Money Market: Call Money Market, Commercial Bill market; Treasury Bill market

Capital Market: Primary Market, Secondary Market, Derivative Market - Meaning,

features, Participants in all. (19 lectures)

Unit 3: Financial Institutions and Instruments (30% marks)

A. Financial Institutions

Meaning, Functions and Role of Financial Institutions; Banking and Non-banking

Financial Institutions

B. Financial Instruments

Meaning, importance and classification of Financial instruments; Short-term,

Medium-term and Long Term Instruments; Primary and Secondary Securities;

Innovative Instruments (23 lectures)

Unit 4: Financial Services (20% marks)

Meaning, importance and types of Financial Services;

Fund Based services and Fee Based services (14 lectures)

References

Baye M. R. & Jansen D. W. (1996): Money, Banking and Financial Markets – An

Economic Approach, New Delhi, A.I.T.B.S.



Burton M. & Lombra R. (2000): The Financial System and the Economy: Principles

of Money and Banking, Australia, South-Western College

Pathak B. V. (2008): Indian Financial System, New Delhi, Pearson, 2e

Desai V. (2005): The Indian Financial System and Development, Mumbai, Himalaya

Eichberger J. & Harper I. R. (1997): Financial Economics, Oxford, OUP

Khan M. Y. (2004): Indian Financial System, New Delhi, Tata-McGraw Hill,4e

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109. IT-Skills-I (2 credits: 50 marks)

Objectives: To familiarize the students with computers and their use, and make them

proficient in the use of software packages that are relevant to business, finance and

accountancy

Unit 1: Fundamental Concepts (10% marks)

Introduction to Computer Systems; Block Diagram of a computer, basic functions of

each component, Classification of Digital computers based on size, Uses of

computers; Operating System Basics - Role of Operating system, Features of well

known PC operating systems;

Networks & Data Communication - The Uses of a Network, How Networks are

structured, Network Topologies, Media & Hardware; The Internet & Online

Resources How Internet works, Features of the Internet, Accessing the Internet,

Working on the Internet

Unit 2: Word Processing & Spreadsheets (90% marks)

Using MS-Word & MS-Excel


Agarwal N. (2002): Financial Accounting on Computers using Tally, New Delhi,

DreamTech Press

Cassell P. & Palmer P. (2000): Teach Yourself Microsoft Access 2000 in 21 Days,

New Delhi, Techmedia

Curtin D. (1998): Information Technology -The Breaking Wave, New Delhi, Tata

McGraw-Hill

Jain S. (1999): ‘O’ Level Module-I Made Simple Information Technology, New

Delhi, BPB

Jain V. K. (2000): ‘O’ Level Module-I Information Technology, New Delhi, BPB

Madan S. (2003): Students Guide to Information Technology, New Delhi, Taxmann

Nadhani K. K. (2000): Implementing Tally 5.4, New Delhi, BPB

Silberschatz & A. Korth (1996): Database System Concepts, New York, McGraw-Hill

Simpson A. & Robinson C. (1999): Mastering Access 2000, New Delhi, BPB

Taxali R. K. (1997): P C Software Made Simple, New Delhi, Tata McGraw-Hill

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201: ENVIRONMENTAL STUDIES-II (2 credits: 50 marks)

Objective: To sensitize the students to current environmental issues and educate them

about their role in and protection of the environment

Unit 1: Environmental Pollution

Definition; causes, effects and measures to control air pollution, water pollution, soil

pollution, soil pollution, marine pollution, noise pollution, thermal pollution, nuclear

hazards; solid waste management – causes, effects and measures to control industrial

and urban wastes; role of an individual in prevention of pollution; pollution case

studies; disaster management – floods, earthquakes, landslides, cyclones

Unit 2: Social Issues and the Environment

From unsustainable to sustainable development; urban problems related to energy;

water conservation, rainwater harvesting, watershed management; resettlement and

rehabilitation of people – problems and concerns, case studies; environmental ethics –

issues and possible solutions; climate change, global warming, acid rain, ozone layer

depletion, nuclear accidents and holocaust, case studies; wasteland reclamation;

consumerism and waste products; Environment Protect Act; Air (Prevention and

Control of Pollution) Act; Water (Prevention and Control of Pollution) Act; Wildlife

Protection Act; Forest Conservation Act; Issues involved in enforcement of

environmental legislation; public awareness

Unit 3: Human Population and the Environment

Population growth, variation among nations; population explosion – Family Welfare

Programme; environment and human health; human rights; value education;

HIV/AIDS; women and child welfare; role of Information Technology in environment

and human health; case studies

Unit 4: Tourism as a Commercial Activity

Definition and typology of tourism; role of environment in the functioning of tourism;

aspects of degradation and exploitation; physical and social impacts of tourism;

examples at local, regional, national and international levels

Field Work

Visit to a local area to document environmental assets – river / forest / grassland / hill

/ mountain; visit to a local polluted site – urban / rural / industrial / agricultural; study

of common plants, insects, birds; study of simple ecosystems – pond / river / hill

slopes, etc.


Agarwal K.C. (2001): Environmental Biology, Bikaner, Nidi

18

Bharucha E.: The Biodiversity of India, Ahmedabad, Mapin

Bharucha E.: Textbook of Environmental Studies

Brunner R. C. (1989): Hazardous Waste Incineration, New York, McGraw-Hill)

Chatwal G. R. & Sharma H. (2005): A Textbook of Environmental Studies, Mumbai,

Himalaya

Clark R.S.: Marine Pollution, Oxford, Clanderson

Cunningham W. P., Cooper T. H., Gorani E. & Hepworth M. T. (2001):

Environmental Encyclopaedia, Mumbai, Jaico

De A. K.: Environmental Chemistry, Wiley

Desai R. J. (2003): Environmental Studies, Mumbai, Vipul

Gleick H. P. (1993): Water in Crisis, Stockholm Envt. Institute, OUP

Hawkins R. E.: Encyclopaedia of Indian Natural History, Mumbai, BNHS

202: Practical Banking-I (2 credits: 50 marks)

Specific ICICI Foundations of Banking modules (selected by the Programme

Coordinator) to be completed by the student

19

203: RESEARCH METHODOLOGY-I (3 credits: 75 marks)

Objective: To help the student understand the relevance of the process of research for

management; to acquaint the students with different research methods and impart

basic skills to carry out small research projects


Meaning of research; Importance of research; characteristics of good research;

scientific thinking – deduction and induction; hypothesis formulation; the research

process – designing the study, formulating the research proposal, sample design, pilot

testing, data collection, analysis and interpretation, reporting the results (10 lectures)

Unit 2: Sources and Collection of Data (40% marks)

Primary and Secondary data; merits and demerits of each; Secondary data - Library

and Internet as sources of secondary data; gathering, recording and organizing

information Primary data – the survey method – personal interviews, telephone

interviews, self-administered surveys – techniques and evaluation of each method;

designing the instrument – question structure, question content, question wording,

response strategy (23 lectures)

Unit 3: Sampling Design & Analysis of Data (40% marks)

Sampling Design:

Concepts of Universe, Population and sample, need for sampling, characteristics of a

good sample, sampling methods – brief idea of different probability and non-

probability sampling methods and when they are to be used; size of sample – sampling

and non-sampling errors. (12 lectures)

Analysis of Data

Data preparation and preliminary analysis – editing, coding, data entry, exploring,

displaying and examining data – frequency tables, bar charts, pie charts, histograms,

stem and leaf displays, cross-tabulation, use of percentages; using actual data to create

charts (in MS Excel) (11 lectures)


Cooper D. R. & Schindler P.S. (2003): Business Research Methods, New Delhi, Tata

McGraw-Hill

Goode W. J. & Hatt P. K. (1989): Methods in Social Research, Singapore, McGraw-

Hill

Ostle B. (1966): Statistics in Research, Mumbai, Oxford & IBH

Young P. V. (1996): Scientific Social Surveys and Research, New Delhi, Prentice-Hall

20

204: SOFT SKILLS-II (3 credits: 75 marks)

WRITTEN COMMUNICATION

Objectives: To enable the student to effectively communicate in writing, to write

reports effectively, to draft communication related to meetings.

Unit 1- Introduction to Written Communication (30% Marks)

Objective comprehension

Subjective comprehension (17 lectures)

Unit 2 - Report Writing (40% Marks)

How to collect data for a report.

Kinds of reports.

What a report contains.

Individual reports.

Committee reports (22 lectures)

Unit 3 – Meetings (30% Marks)

Drafting Notice and Agenda.

Chairing meetings.

Drafting Minutes of meetings (17 lectures)


Rao N. & R.P. Das: Communication Skills, Himalaya Publishing House.

Rizvi M. A.: Effective Technical Communication, Tata McGraw Hill Education Pvt

Ltd

Rai U. & S.M. Rai: Communication Skills, Himalaya Publishing House.

Viswanathan R.: Business Communication, Himalaya Publishing House.

21

205: ESSENTIALS OF MANAGEMENT-II (4 credits: 100 marks)

Objective: To acquaint the student with the basic concepts, principles, practices and

strategies of business management, using case studies to supplement classroom

teaching.

The teacher will discuss at least one case study for each Unit of the syllabus

Unit 1: Management Concepts and Principles (20% marks)

Need for management concepts; management principles – importance of management

principles, universality of management principles (15 lectures)

Unit 2: Organisational Environment (25% marks)

Introduction and meaning

External environment: factors; Internal environment: factors

Environment management

Global environment; International business- changing scenario (19 lectures)

Unit 3: Management of Change (20% marks)

Meaning and definition; Types

Process: resistance to change, causes

Guidelines; Planned change process

Organizational development: definition, characteristics, objectives, need and steps

(15 lectures)

Unit 4:

A. Team Work and Conflict Management (20% marks)

Nature of teams, types, reasons and stages in team formation.

Conflict: meaning, causes, types and conflict management. (15 lectures)

B. Management Audit (15% marks)

Introduction, meaning, definition, Objective, scope, need; Qualifications of

management auditor; Report; Management Audit v/s Statutory Audit (11 lectures)


Chandan J. S. (1997): Management Theory and Practice, New Delhi, Vikas

Chandan J. S. (1997): Management Concepts and Strategies, New Delhi, Vikas

Prasad M. (2003): Management Concepts and Practices, Mumbai, Himalaya

Sadler P. (1996): Managing Change, London, Kogan

Sherlekar S. A., Appannaiah H. R. & Reddy P. N. (2003): Business Management,

Mumbai, Himalaya, 1e

22

206: FINANCIAL AND COST ACCOUNTING (4 credits: 100 marks)

Objective: To familiarize students with various aspects and details of Company

accounts; to familiarize the students with the concepts and elements of cost and

various methods used for cost accounting.

Unit 1: Accounting For Securities (20% marks)

Issue of equity shares- Book building process, Re-issue, Forfeiture, Issue of bonus and

right shares, Issue of shares for consideration other than cash, Issue of preference

shares and debentures

Redemption of preference shares and debentures (only theory)

Accounting for buy back and stock splits: Meaning, sources, methods (15 lectures)

Unit 2: Valuation of Goodwill and Valuation of Shares (30% marks)

A. Valuation of Goodwill: Circumstances under which goodwill is valued, factors

affecting value of goodwill, methods of valuation of goodwill.

B. Valuation of Shares: Meaning and need for valuation of shares, factors affecting

valuation of shares, methods of valuation of shares: Net Assets Method (intrinsic

value method), Yield Value Method, Fair Value Method (22 lectures)

Unit 3: Elements and Methods of Costing (35% marks)

A. Elements of Costing

Definition, objectives, advantages and disadvantages of cost accounting; Distinction

between cost accounting and financial accounting

Classification of cost (element wise in detail); Preparation of cost sheet

B. Methods of Costing

Process Costing: Excluding equivalent production, joint product, by product but

inclusive of inter-process profits.

Contract Costing: with reference to AS 7, Contract account for one year, more than

one year and contract account with Balance Sheet (Estimated contracts and escalation

clause for theory only)

Unit costing, job order costing, operation costing, batch costing (only theory)

(27 lectures)

Unit 4: Valuation of Inventory (15% marks)

Meaning of inventory, methods of inventory valuation: FIFO, LIFO, Weighted

average method (Problems). Simple average method, physical stock taking (only

theory) with reference to AS 2 (11 lectures)

23



Sultan Chand, 8e

Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II), New Delhi,

Tata McGraw-Hill, 2e

Jha A. (2003): Student’s Guide to Auditing, New Delhi, Taxmann

Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas, 8e

Sharma S. D. & Majumdar A. K. (2003): Auditing Principles & Practice, New Delhi,

Taxmann

Shukla M. C. & Grewal T. S. (1996): Advanced Accounting, New Delhi, Sultan

Chand, 13eS.P.

Jain and K.L. Narang: Cost Accounting Principles and practice- Kalyani Publishers,

Ludhiana

B.K. Bhar: Cost Accounting

Ravi M. Kishore: Cost Accounting

S.P. Iyengar: Cost Accounting

M.L. Agarwal – Practical Problems in Cost Accounting

24

207: INDIAN BANKING SYSTEM (4 credits: 100 marks)

Objective: to provide students with an overview of commercial banking in the Indian

economy; to familiarise students with the regulatory framework of banks in India


Definition (as per Banking Regulation Act) and meaning of banking; and importance

of banks, Structure of Indian Banking System - Scheduled and Non-scheduled;

commercial, cooperative and regional rural banks (10 lectures)

Unit 2: Commercial Banks (35% marks)

Meaning, Nature, Definition and Importance of commercial banks

Growth, Development and weaknesses of Indian commercial banking system from

nationalization to reforms (in brief)

Banking Sector Reforms and development in Banking since the 1990’s

Relative importance of public sector banks, private sector banks and foreign banks

(26 lectures)

Unit 3: Cooperative Banks and Regional Rural Banks (25% marks)

Cooperative Banks: features, types, cooperative banking structure, problems faced by

cooperative banks in India, Recent development in Indian cooperative banking sector

Regional Rural Banks: features, importance, problems, recent development in RRB’s

(19 lectures)

Chapter 4: Reserve Bank of India (25% marks)

Functions of RBI as India’s Central Bank: Traditional and Promotional functions.

Monetary policy – meaning; Instruments of credit control/ monetary policy -

Quantitative (variable reserve requirements, open market operations, bank rate,

liquidity adjustment facility through repo and reserve repo rate) and Qualitative

instruments (20 lectures)


Bedi H. L. & Hardikar V. K. (1993): Practical Banking Advances, New Delhi, UBS


of Money and Banking, Australia: South-Western College

Gordon E. & Natarajan K. (1998): Banking Theory, Law and Practice, Mumbai,

Himalaya

Indian Institute of Banking and Finance (2008): Principles & Practices of Banking,

New Delhi, Macmillan, 2e

ICFAI (2003): Commercial Banking, Hyderabad, ICFAI

Shekhar K. C. & Shekhar L. (1998): Banking Theory and Practice, New Delhi, Vikas

Varshney P. N. (2006): Banking Law & Practice, New Delhi, Sultan Chand & Sons

25

208: DATA ANALYSIS AND QUANTITATIVE TECHNIQUES

(4 credits: 100 marks)

Objectives: To develop the students’ quantitative skills and help them acquire

proficiency in various statistical techniques which are useful in the world of business

and finance.

Unit 1: Business Statistics (30% marks)

Statistics - meaning, scope and limitations of statistics

Measures of Central Tendency- mean, median, mode, geometric mean, harmonic

mean, weighted average, quartiles.

Measures of Dispersion – absolute and relative measure of dispersion, range, quartile

deviation, mean deviation, standard deviation, coefficient of variation (22 lectures)

Unit 2: Correlation and Regression Analysis (30% marks)

Correlation: Meaning, types of correlation, scatter diagram, Karl Pearson’s coefficient

of correlation, Spearman’s rank correlation coefficient

Regression: meaning, lines of regression, regression coefficients, relation between

correlation and regression coefficients. (23 lectures)

Unit 3: Probability Theory (20% marks)

Meaning, Addition and Multiplication theorem on probability, conditional probability,

probability distribution- binomial, poisson and normal distribution (15 lectures)

Unit 4: Index Numbers (20% marks)

Meaning, Classification, construction of index numbers, methods of constructing

index numbers - simple aggregative, simple average of price relative, weighted

aggregative and weighted average of price relative, quality index number and value

index number, limitations and uses of index numbers. (15 lectures)


Anderson D. R., Sweeney D. J. & Williams T. A. (2002): Essentials of Statistics for

Business and Economics, London, South-Western College Publishing, 2e

Jhamb L. C. (1987): Cases and Problems in Quantitative Techniques, Pune, Everest

Pub.

Mithani D. M. (2001): Quantitative Techniques, Mumbai, Himalaya

Schaum’s Outline (1972): Theory & Problems of Statistics, New York, McGraw-Hill

Tulsian P. C. (2002): Quantitative Techniques, New Delhi, Pearson Education Asia

Vohra N. D. (1990): Quantitative Techniques in Management, New Delhi, McGraw-

Hill

Gupta S. C.: Fundamentals of Statistics

Shah R. J.: Statistical Techniques, Sheth Publishers Pvt. Ltd.

26

209. IT-Skills-II (2 credits: 50 marks)

Objectives: To familiarize the students with computers and their use, and make them

proficient in the use of software packages that are relevant to business, finance and

accountancy

Unit 1: Database Management System & Business Presentation Packages

(30% marks)

Using MS-Access and MS-PowerPoint

Unit 2: Tally (50% marks)

Company Information -Introduction, Objectives, Starting Tally, Creating a Company,

Selecting a Company, Altering a Company, Closing a Company, Accounts

Information, Account Groups, Creating Ledger Accounts, Display Ledger Accounts,

Altering a Ledger Account, Deleting Ledger Accounts, Multiple Ledgers, Exit from

Tally; Voucher Entry – Introduction, Objectives, Voucher Types, Steps to Make a

Voucher Entry, Receipt Voucher, Payment Voucher, Contra Voucher, Purchase

Voucher, Sales Voucher, Journal Voucher, Credit Note, Debit Note, Journal, Stock

Journal, Physical Stock Voucher, Memo Voucher, Reversing Journals, Displaying

Vouchers, Altering Vouchers, Deleting Vouchers

Reports - Introduction, Objectives, Balance Sheet, Profit and Loss Account, Stock

Summary, Day Book, Account Books: Cash Book, Bank Book, Ledger, Group

Summary, Sales Register, Purchase Register, Journal Register; Outstanding

Receivable/Payable Statements, Inventory Books, Statements of Inventory, Cash

Flow/Funds Flow

Unit 3: Management Information Systems (10% marks)

Need for MIS; use of computers for MIS; decision support systems


Agarwal N. (2002): Financial Accounting on Computers using Tally, New Delhi,

DreamTech Press

Cassell P. & Palmer P. (2000): Teach Yourself Microsoft Access 2000 in 21 Days,

New Delhi, Techmedia

Curtin D. (1998): Information Technology -The Breaking Wave, New Delhi, Tata

McGraw-Hill

Jain S. (1999): ‘O’ Level Module-I Made Simple Information Technology, New

Delhi, BPB

Jain V. K. (2000): ‘O’ Level Module-I Information Technology, New Delhi, BPB

Madan S. (2003): Students Guide to Information Technology, New Delhi, Taxmann

Nadhani K. K. (2000): Implementing Tally 5.4, New Delhi, BPB

Silberschatz & A. Korth (1996): Database System Concepts, New York, McGraw-Hill

Simpson A. & Robinson C. (1999): Mastering Access 2000, New Delhi, BPB

Taxali R. K. (1997): P C Software Made Simple, New Delhi, Tata McGraw-Hill

27

301: SUMMER INTERNSHIP REPORT (4 credits: 100 marks)

Students will write a report on the internship completed by them between Semesters II

& III.

The report will be evaluated by the assigned guide.

The report must be submitted within one month of the start of Semester III, after

which the internship seminars will be conducted.

302: SUMMER INTERNSHIP SEMINAR (2 credits: 50 marks)

Summer internship seminars will begin within one week of reopening of the College

for Semester III. The seminar will be an open seminar, to be attended compulsorily by

all students of the class. The judges for the seminar will be the programme coordinator

and one expert from industry.

303: PRACTICAL BANKING-II (2 credits: 50 marks)

Specific ICICI Foundations of Banking modules (selected by the Programme

Coordinator) to be completed by the student

28

304: QUANTITATIVE SKILLS (2 credits: 50 marks)

Objectives: To develop statistical concepts and analytical skills necessary to analyse

trends in the world of business and finance.

Unit 1: Time Series Analysis (25% marks)

Meaning, utility, components of time series, additive and multiplicative models,

determination of trend by moving average, semi average and least squares method

(19 lectures)

Unit 2: Sampling (20% marks)

Types of survey- sample survey and census survey, types of sampling- simple random

sampling, stratified random sampling, purposive sampling, systematic sampling,

multi-stage sampling, quota sampling. Sampling errors, sampling distribution of

sample mean, sampling distribution of sample proportion (15 lectures)

Unit 3: Estimation and Testing of Hypothesis (30% marks)

Point estimation, interval estimation, Testing of hypothesis- statistical hypothesis, null

and alternative hypothesis, errors in making a decision - type I error and type II error,

critical region, level of significance, test of significance, test for population mean and

population proportion. (22 lectures)

Unit 4: Statistical Quality Control (25% marks)

Meaning, utility, control charts for X, R, P and C

(19 lectures)

References:

Jhamb L. C. (1987): Cases and Problems in Quantitative Techniques, Pune, Everest

Pub.

Mithani D. M. (2001): Quantitative Techniques, Mumbai, Himalaya

Schaum‟s Outline (1972): Theory & Problems of Statistics, New York, McGraw-Hill

Tulsian P. C. (2002): Quantitative Techniques, New Delhi, Pearson Education Asia

Vohra N. D. (1990): Quantitative Techniques in Management, New Delhi, McGraw-

Hill

S. C. Gupta: Fundamentals of Statistics

R. J. Shah: Statistical Techniques, Sheth Publishers Pvt. Ltd.

29

305: BANKING OPERATIONS (4 credits: 100 marks)

Objective: to give the student an understanding of the functioning of commercial

banks; to familiarize the student with the practical aspects of banking

Unit 1: Functions of Banks (30% Marks)

Accepting Deposits: Types of deposits - saving, current, fixed, recurring, pigmy and

other deposits; d-mat accounts; deposits at call and short notice; KYC norms to be

followed while opening accounts

Deployment of Advances: Types of advances – loans, cash credit, bank overdraft,

temporary overdraft, clean & secured advances, bridge loans, participation loans,

purchase of bills, bill discounting; Principles of Secured Advances; Lien, Pledge,

Hypothecation, Mortgage - Features and Differences

Other functions – remittances, general utility & agency functions (25 lectures)

Unit 2: Bank Instruments; Paying and Collecting Banker (30% Marks)

Cheque – Meaning, requisites, types, crossing; demand draft; bank draft/pay order

(working of all);

Precautions in Payment of Customer’s Cheques - Paying Banker’s Duties and Rights;

Statutory Protection to Paying Banker; Payment of forged Cheque; Return of Cheques

Precautions in Collecting Customer’s Cheque - Collecting Banker’s Duties and

Rights; Statutory Protection to Collecting Banker (25 lectures)

Unit 3: Risks faced by Banks (20% marks)

Types of risks faced by banks – liquidity risk, interest rate risk, credit risk, currency

risk, operational risk – components of each type of risk, sources / factors affecting

each type of risk (13 lectures)

Unit 4: Customer Relationship Management (20% marks)

Concept and importance, customer service in banks; emerging trends; Customer

Grievance Redressal mechanism – Consumer Protection Act - major provisions,

redressal machinery, types of deficiencies for which banks are liable under the Act;

Banking Ombudsman Scheme – scope of Banking Ombudsman, types of complaints,

mechanism of redressal (12 lectures)

References:

Bedi H. L. & Hardikar V. K. (2000): Practical Banking Advances, New Delhi, UBS,


of Money and Banking, Australia: South-Western College

Gordon E. & Natarajan K. (1998): Banking Theory, Law and Practice, Mumbai,

Himalaya

Indian Institute of Banking and Finance (2008): Principles & Practices of Banking,

New Delhi, Macmillan, 2e

Varshney P. N. (2006): Banking Law & Practice, New Delhi, Sultan Chand & Sons

30

306: FINANCIAL SERVICES – I (4 credits: 100 marks)

Objectives: to introduce students to fund-based financial services provided by

financial companies, their salient features and importance, and their present position

in the Indian financial sector.

Unit 1: Mutual Funds (25% marks)

Meaning and importance of Financial Services; Meaning, Nature and organization of a

mutual fund, types of schemes, valuation of units, advantages of investing in a mutual

fund; Mutual Funds in India – growth, performance, problems, prospects, regulatory

framework (19 lectures)

Unit 2: Hire Purchase Finance & Housing Finance (25% marks)

Hire Purchase Finance - meaning, concepts of hire purchase finance, installment credit

and consumer credit; sources of finance in India

Housing Finance – need, nature of housing finance, fixed and floating rate home

loans; sources of housing finance in India, growth of housing finance in India; Role of

National Housing Bank; concept of mortgage and reverse mortgage; housing loans

and mortgage loans, types of mortgage loans (19 lectures)

Unit 3: Factoring & Forfaiting (25% marks)

Factoring - meaning, mechanism, types of factoring agreements; advantages and

disadvantages of factoring; factoring v/s bill discounting; factoring in India Forfaiting

- meaning, mechanism; factoring v/s forfaiting (18 lectures)

Unit 4: Lease Finance & Venture Capital Finance (25% marks)

Lease Financing - Meaning, definition and types of lease agreements; advantages and

disadvantages from the point of view of lessor and lessee; purchase v/s leasing,

borrowing v/s leasing; lease finance in India

Venture Capital Financing – meaning, importance/need, scope of venture capital

finance; venture capital v/s angel investors; Venture capital in India (19 lectures)


Agarwal O. P. (2005): Environment and Management of Financial Services, Mumbai,

Himalaya

Batra G. S. (1999): Financial Services: New Innovations, New Delhi, Deep & Deep



Khan M. Y. (2004): Financial Services, New Delhi, Tata McGraw-Hill

Mantravadi P. (2001): Financial Services, Hyderabad, ICFAI


Rose P. S. (1993): Financial Institutions: Understanding and Managing Financial

Services, Boston, Irwin

Shiva Ramu S. (1995): Global Financial Services, New Delhi, South Asia Pub.

31

307: INDIAN SECURITIES MARKETS (4 credits: 100 marks)

Objectives: To make students aware of the various components and sub-components

of the Indian securities markets, the instruments traded in these markets, the

participants and procedures; the students would also learn about the role of the

regulator and recent developments in the area.

Unit 1: Overview of the Indian Securities Market (15% marks)

Market Segments: Primary Market, Secondary Market; Products and Participants;

Role of securities market; Reforms in Indian securities markets (11 lectures)

Unit 2: Securities (15% marks)

Meaning and Features; Types of securities

Regulators: SEBI, Need, Role (12 lectures)

Unit 3: Primary / New Issue Market (35% marks)

Role, objectives, functions, players

New Issue market in India: features

Issue of shares: need for issue of share in public, types of issues, issue price, market

capitalization, difference between public issue and private placement; IPO

Price discovery through book building process; Difference between offer of shares

through book building and offer of shares through normal public issue

Prospectus: Types; Listing and delisting of securities

ADRs and GDRs

Emerging issues (26 lectures)

Unit 4: Secondary Market (35% marks)

Meaning, features, functions and players

Role of secondary market

Difference between secondary and primary market and importance of each

Stock Exchanges: role of stock exchanges, demutualization of stocks.

Products in secondary markets: equity and debt instruments

Market indices and types

Case study on BSE, NSE and OTCEI

Emerging Issues (26 lectures)


Avadhani V. A. (1998): Investment and Securities Market in India, Mumbai,

Himalaya

Bal Krishan & Narta S. S. (1997): Security Markets in India, New Delhi, Kanishka

Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets:

Structure,Growth & Innovations, New Delhi, Tata-McGraw Hill, 3e

Desai V. (2005): The Indian Financial System and Development, Mumbai, Himalaya

32

Fabozzi F. J. & Modigliani F. (2005): Capital Markets: Institutions and Instruments,

New Delhi, Prentice-Hall of India

Ghosh A. & Sen R. (2002): Money, Banking and Economic Reforms, New Delhi,

Deep and Deep Khan M. Y. (2004): Indian Financial System, New Delhi, Tata-

McGraw Hill, 4e

Kohn M. (1994): Financial Institutions and Markets, New York, McGraw-Hill


Sakriya D. (2000): SEBI and the Security Markets in India, New Delhi, Anmol

33

308: FINANCIAL MANAGEMENT (4 credits: 100 marks)

Objective: to acquaint the students with financial management tools and techniques in

financial decision making.


Meaning, nature and scope of finance; financial goals: profit maximization, wealth

maximization; finance functions - investment, financing and dividend decisions,

Organization of finance function: Role of finance manager.

Financial Mathematics: Concept & relevance of time value of money, Compounding

technique, Discounting technique, Application of the concept of time value of money

(7 lectures)

Unit 2: Investment Decisions (25% marks)

Nature and significance of investment decisions, process; Project classification;

Investment evaluation criteria

A. Non-discounting criteria: Pay-back, Accounting Rate of Return

B. Discounting criteria: Internal Rate of Return, Net Present Value, Profitability

Index, NPV and IRR comparison

Capital Rationing; Risk Analysis in Capital Budgeting.

(19 lectures)

Unit 3: Cost of Capital & Capital Structure Decision

A. Cost of Capital (20% marks)

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. (16 lectures)

B. Capital Structure decision (20% marks)

Financial and operating leverages; capital structure theories - NI, NOI, traditional and

M-M theories; Capitalization – Under-Capitalization and Over-Capitalization; Trading

on Equity (16 lectures)

Unit 4:

A. Working Capital Management (15% marks)

Meaning, need, determinants; estimation of working capital need; management of

cash; inventory & receivables (10 lectures)

B. Dividend Decision (10% marks)

Factors determining Dividend, Form of Dividends, Determinants of dividend models-

Walter, Gordon and Miller & Modigliani Models (7 lectures)

34


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

Khan M.Y. and Jain P.K. Financial Management, Tata McGraw Hill, New Delhi

Keown, Arthur J., Martin, John D., Petty, J. William and Scott, David F: Financial

Management, Pearson Education

Chandra, Prasanna; Financial Management TMH, New Delhi

Van Horn, James C., Financial management and Policy, Prentice Hall of India

Brigham & Houston, Fundamentals of Financial Management, Thomson Learning,

Mumbai

Kishore, R., Financial Management, Taxmans Publishing House, New Delhi

35

401: GENERAL INSURANCE (2 credits: 50 marks)

Objective: to introduce students to the various types of general/non-life insurance and

help them understand the various types of policies, procedures and other practical

aspects of the business of general insurance

Unit 1: Fire, Marine, Motor & Health Insurance (20 lectures)

Fire Insurance (15% marks)

Meaning & Importance of Non-Life Insurance

Definition of Fire Insurance; Meaning of Fire; Types of Fire Policies; Claim

procedure for fire insurance

Marine Insurance (15% marks)

History of Marine Insurance; Definition of Marine Insurance; Meaning of Marine

Perils; Subject Matter of Marine Policies; Types of Marine Policies; Marine Insurance

in India

Motor Insurance (15% marks)

Definition; Special principles of Motor Insurance; Motor Insurance policies; Claim

Settlement

Health Insurance (10% marks)

Definition; Health Insurance policies; Health Insurance in India

Unit 2: Miscellaneous Insurance (45% marks)

Personal accident insurance, Fidelity insurance, Burglary insurance, Credit insurance,

Workmen’s Compensation insurance, Travel insurance, Wedding insurance, Film

insurance, Employee State Insurance Scheme, Unemployment insurance, Personal

liability insurance (18 lectures)


Bodla B. S. (2003): Insurance Fundamentals, Environment and Procedures, New

Delhi, Deep and Deep



Gopal V. S. & Gopal S. (2005): Principles & Practices of Banking & Insurance,

Mumbai, Himalaya

Gupta P. K. (2004): Fundamentals of Insurance, Mumbai, Himalaya

Gupta P. K. (2004): Insurance & Risk Management, Mumbai, Himalaya

Mishra M.N. & Mishra S. B. (2007): Insurance Principles & Practice, New Delhi, S.

Chand & Co., 14e

Periasamy P. (2005): Principles and Practice of Insurance, Mumbai, Himalaya

36

402: RESEARCH METHODOLOGY-II (2 credits: 50 marks)

Objective: To introduce the student to measurement and scaling techniques in

research; the importance of statistical software package such as SPSS in research and

to familiarize the student with all aspects of a research project from the stage of

drafting the proposal right up to the writing of the report and presentation of the

findings

Unit 1: Measurement and Scaling Techniques (40% marks)

A. Measurement- Measurement in Research, Measurement scales, sources of error in

measurement, tests of sound measurement, techniques of developing measurement

tools.

B. Scaling - Meaning of scaling, scale classification bases, important scaling

techniques, scale construction techniques. (12 lectures)

Unit 2: Use of a Statistical Software Package (30% marks)

The student will be taught to use SPSS software - various functions, uses, charts and

graphs (15 lectures)

Unit 3: Interpretation and Report Writing: (30% marks)

a) Interpretation- Meaning of interpretation, techniques, precautions in

interpretation.

b) Report Writing – significance, different steps in report writing, components –

Prefatory items, Introduction, Methodology, Findings, Conclusions,

Appendices, Bibliography; Characteristics of a good report; presentation

considerations; presentation of statistics – text form, semi-tabular form, tabular

form and graphics. Oral presentations – preparation, delivery and use of

PowerPoint for making presentations. (11 lectures)


C.R. Kothari: Research Methodology - Methods and techniques, New Age

International Publishers

Kiran Pandya, Smruti Bulsari, Sanjay Sinha: SPSS in simple steps, Dreamtech Press

Cooper D. R. & Schindler P.S. (2003): Business Research Methods, New Delhi, Tata

McGraw-Hill

Goode W. J. & Hatt P. K. (1989): Methods in Social Research, Singapore, McGraw-

Hill

Ostle B. (1966): Statistics in Research, Mumbai, Oxford & IBH

Young P. V. (1996): Scientific Social Surveys and Research, New Delhi, Prentice-Hall

37

403: SOFT SKILLS III (2 credits: 50 marks)

BUSINESS COMMUNICATION

Objectives: At the end of the course the student will be able to acquire the language

proficiency necessary for business communication, to learn to draft formal and

informal letters, to acquire the requisite skills to face entry level selection processes of

organizations

Unit 1- Introduction to Commercial Correspondence (20% marks)

Principles of commercial correspondence

Language in a business letter including jargon

Parts of a business letter (8 lectures)

Unit 2 – Letter Writing (40% marks)

Formal Letters – Job Application Letter, Resume, C.V, Acceptance Letter and

Resignation Letter

Informal Letters – Letter of gratitude, letter of appreciation, letter of invitation,

letter of apology and letter of condolence (15 lectures)

Unit 3 – Interviews (40% marks)

Types of interviews

Types of interviewers

Candidate’s preparation for a job interview

Planning and conduct of a job interview (15 lectures)

References:



Ltd


Viswanathan R.: Business Communication, Himalaya Publishing House.

Doctor A. H.: A course in Communication Skills in English, Sheth Publishers

Doctor A. H. & R.A. Doctor: Principles and Practice of Business Communication

38

404: DIRECT TAXES (4 credits: 100 marks)

Objectives : To provide students with an understanding of the main provisions of the

Income Tax Act, 1961, and keep them up to date on current developments in this area.

Unit 1: Conceptual Framework and Exemptions (20% Marks)

Conceptual Framework – Income, Agricultural Income, Residential status and

incidence of tax; casual income.

Definitions: (1) Sec.2 (1A) Agricultural Income, (2) Sec.2 (2) Annual Value, (3) Sec.2

(7) Assessee, (4) Sec.2 (8) Assessment, (5) Sec.2 (9)

Assessment year, (6) Sec.2 (14) Capital Asset, (7) Sec.2 (13) Business (8) Sec. 2 (17)

Company, (9) Sec. 2 (24) Income, (10) Sec. 2 (31) Person (11) Sec. 2 (47) Transfer,

(12) Sec. 80 (B) (5) Gross Total Income (13) Sec. 3 Previous year

Sec. 5-Scope of Total Income Sec. 5A – Apportionment of income between spouses

governed by Portuguese Civil code: Sec. 5 – Residence in India.

(15 lectures)

Unit 2: Exemptions and Exclusions from Income: Sec. 10 (10% Marks)

Agricultural Income Sec. 10 (1)

Income of HUF. Sec. 10 (2)

Share in total income of the Firm Sec. 10 (2A)

Travel Concessions from Employer Sec. 10 (9)

Gratuity Sec.10 (10)

Compensation received at the time of voluntary retirement Sec.10 (10C)

Amount received under Life Insurance Policy Sec.10 (10D)

Payment received from Provident Fund Sec. 10 (11)

Payment received from an approved Superannuation Fund Sec10 (13)

House Rent Allowances Sec. 10 (13A)

Special Allowances for expenses Sec. 10 (14)

Income by way of interest, premium etc., from securities issued by the Central

Government, etc., Sec. 10 (15) (13) Educational Scholarships Sec. 10 (21)

Income of a Scientific Research Association, Sec. 10 (21)

Income arising from transfer of units of Unit Scheme 1964 Sec. 10 (33)

Income by way of Dividend Sec. 10 (34)

Income from Mutual Funds Sec.10 (35)

(8 lectures)

Unit 3: Computation of Income (25% Marks)

Incomes from Salaries; Income from House property; Profit or Gains from business or

profession

Salaries Sec. 15,16 and 17 (Inclusive of Allowances – H.R.A. etc.)

(Exclusive of Valuation of perquisites)

39

Income from House Property Sec. 22, 23, 24, 25, 25(AA), 25(B), 26 & 27

Profits and gains of Business or profession Sec. 28, 29, 30, 31, 32

(Excluding Depreciation Rates)

Sec. 35 Expenditure on Scientific Research 35 A

Expenditure on Patents & Copyrights 35 D – Amortization of certain Preliminary

Expenses

Sec. 36 Main Clauses (Excluding Sub-Sub clauses)

Sec. 37(1), (2), (2A), (2B), (3)

Sec. 40, 40A, 40A(3)

Sec. 43 (B) Sec. 44(AB), 44(AD), 44(AE), 44(AF)

(18 lectures)

Unit 4: Computation of Income & Total Income

A. Computation of Income (20% Marks)

Income from Capital gains and income from other sources; Deductions from gross

total income

(1) Capital Gains: Sec. 45, 47, 48

(No practical problems on computation of capital gains).

(2) Income from other sources: Sec. 56, 57, 58

(Elementary problems on computation of income from other Sources)

(3) Deductions to be made in computing Total Income: Sec 80 C, Sec80 CCC, Sec

80CCD, Sec 80CCE, Sec. 80D, Sec. 80DD, Sec. 80E, 80G, Sec. 80U

(4) Deduction from gross total income in respect of any income by way of interest on

savings account: 80TTA

(16 lectures)

B. Computation of Total Income (25% Marks)

Computation of total income and tax payable of Individuals only

(18 lectures)


Gaur V. P. (1974): Income Tax Law & Practice, Ludhiana, Kalyani Publishing House

Malhotra H. C.: Income Tax Law and Practice, Agra, Sahitya Bhawan

Manoharan T.N.: Students Handbook to Income Tax Law, New Delhi, Snow White

Narang G.: Income Tax Law & Practice, Ludhiana, Kalyani Publishing House

Prasad B. (2001): Income Tax Law & Practice, New Delhi, Wishwa

Singhania V. K. (2004): Direct Taxes - Law and Practice, New Delhi, Taxmann

40

405: MANAGEMENT ACCOUNTING (4 credits: 100 marks)

Objectives: To provide basic conceptual and working knowledge of the various tools

and techniques of Management Accounting, which assists the management of an

organization in its major functions, viz. Planning, Decision-Making and Control

Unit 1: Introduction to Management Accounting & Budgeting (10% marks)

Introduction: Meaning, definition, function, objectives, advantages, distinction

between management accounting, financial accounting and cost accounting, tools of

the management accountant (7 lectures)

Budgeting (20% marks)

Meaning, Definition, advantages, Classification of Budgets, Preparation of Functional

budgets – sales budget, production budget, cost of production budget – direct material,

direct labour and overhead budget, cash budget, Flexible budget and Master budget.

(Practical problems to be based on sales budget, production budget, cost of production

budget, cash budget, flexible budget, direct material budget and direct labor budget),

Zero base budgeting. (16 lectures)

Unit 2: Absorption and Marginal Costing (30% marks)

Meaning, Difference between absorption & marginal costing, Applications of

marginal and differential costing as a tool for decision making – make or buy

decision, change of product sales mix, Break-even analysis, shut down decision.

(23 lectures)

Unit 3: Standard Costing (30% marks)

Standard costing and variance analysis, meaning, definition, advantages, types of

variances, material cost variance, labour cost variance, overhead cost variance.

Interpretation of variances: interrelationship, significance. (22 lectures)

Unit 4: Responsibility Accounting (10% marks)

Cost centers, expense centers, revenue centers, profit centers, balance scorecard.

(7 lectures)

Recommended Reading:-

S.P. Jain and K.L. Narang: Cost Accounting Principles and practice- Kalyani

Publishers, Ludhiana

B.K. Bhar: Cost Accounting

Ravi M. Kishore: Cost Accounting

S.N. Maheshwari: Management Accounting & Financial Control Sultan Chand Sons

M.G. Patkar: Management Accounting

Drury & Taxmann: Management & Cost Accounting

I.M. Pandey: Financial Management

S.N. Maheshwari: Principles and Practice of Financial Management, Sultan Chand

Sons

41

406: STOCK MARKET OPERATIONS (4 credits: 100 marks)

Objective: To introduce the student to the practical aspects of the functioning of stock

exchanges in India; to familiarize the student with the terminology and practices on

Indian stock exchanges, and recent developments in the area

Unit 1: Indian Stock Market: (30% marks)

Nature of stock market, growth, role and functions of stock market; Reforms since

1991; Membership, ownership and management of Stock Exchanges; Overview of

major stock exchanges in India - BSE, NSE, OTCEI and Regional stock exchanges;

indices – SENSEX, NIFTY, sectoral indices; derivatives & commodity markets in

India; SEBI as regulatory authority

Unit 2: Trading & Settlement Mechanisms (30% marks)

BSE: Different trading systems, Share groups on BSE, Trading & Settlement systems,

trading cycle, BOLT, Types of Delivery - Bad and Short Deliveries, Auctions; NSE:

Transaction cycle and Settlement process, NEAT, Order & Trade Management,

Trading rules, circuit filters, Pay In & Pay Outs, No delivery period

Unit 3: Risk Management Systems (25% marks)

Capital Adequacy Requirements, Trading & Exposure Limits, Margin requirements,

Settlements Guarantee, Gross Margining, Indemnity & Insurance, Investigation &

Inspection, investor protection fund.

Unit 4: International Stock Markets (15% marks)

Markets in US, UK, Europe & Asia; important indices – Dow Jones, NASDAQ, S&P,

FTSE, Nikkei, Shanghai, Hang Seng & any other


Pandey I. M. (1995): Essentials of Financial Management, New Delhi, Vikas

Avadhani V. A. (1998): Investment & Securities Market in India, Mumbai, Himalaya

Agarwal S.: A Guide to the Indian Capital Market, Bharat

Websites of NSE, BSE, SEBI & NASDAQ

42

407: FINANCIAL SERVICES – II (4 credits: 100 marks)

Objectives: to introduce students to fee-based financial services provided by financial

companies, their salient features and importance, and their present position in the

Indian financial sector

Unit 1: Merchant Banking (15% marks)

Merchant Banking – Meaning, nature and functions; merchant banking in India, role

in issue management; classification and regulation of merchant bankers by SEBI

(11 lectures)

Unit 2: Stock Broking & Depository Services (20% marks)

Stock Broking – meaning, types of stockbrokers, sub-brokers; stock broking in India

e-broking – meaning, Indian experience

Depository Services – meaning, role of depositories and their services, Advantages of

depository system; Functioning of depository system; Depositories in India – NSDL

& CSDL; Depository participants (DPs) and their role Custodial services - meaning;

obligations and responsibilities of custodians; code of conduct

(15 lectures)

Unit 3: Credit Rating & Securitization (20% marks)

Credit Rating – meaning, rating methodology, importance of credit rating; credit

rating agencies in India including Small & Medium Enterprises Rating Agency

(SMERA) Securitization of debt – Meaning, Features, Mechanism, Types, Special

Purpose Vehicle, Benefits of Securitization, Issues in Securitization

(15 lectures)

Unit 4: Marketing of Financial Services (25% marks)

A. Marketing of Financial Services: Definition of marketing; four pillars of

marketing (customer orientation, profit, total company effort, social responsibility);

selling versus marketing

Segmentation – Concept, basis, strategies; Target market selection and market

positioning strategies

Pricing Strategy - Role of price in marketing of financial services; pricing strategies;

pricing decisions

(19 lectures)

B. Marketing Mix for Financial Services (20% marks)

7 Ps - Product, People, Process, Promotion, Price, Place and Physical evidence (Case

study discussions on Marketing mix for banks, insurance companies, mutual funds,

stock broking firms etc)

(15 lectures)

43


Agarwal O. P. (2005): Environment and Management of Financial Services, Mumbai,

Himalaya

Batra G. S. (1999): Financial Services: New Innovations, New Delhi, Deep & Deep



Khan M. Y. (2004): Financial Services, New Delhi, Tata McGraw-Hill

Mantravadi P. (2001): Financial Services, Hyderabad, ICFAI


Pezzullo M. N. (1998): Marketing of Financial Services, New Delhi, Macmillan

Rose P. S. (1993): Financial Institutions: Understanding and Managing Financial

Services, Boston, Irwin Seth R. K. (1997): Marketing of Banking Services, New

Delhi

44

408: MACROECONOMICS (4 credits: 100 marks)

Objectives: to familiarize students with the basic concepts of macroeconomics and its

relevance for business decision-making

Unit 1: Theory of Income and Employment

A. Introduction: (10% marks)

Nature, Scope, Macroeconomic Issues in an economy; Concepts of GDP and National

Income; Measurement of National Income and Related Aggregates; Nominal and Real

Income (8 lectures)

B. National Income Determination (25% marks)

Actual and potential GDP; Aggregate Expenditure – Consumption Function &

Investment Function; Equilibrium GDP; Concepts of marginal and average

propensities to save and consume; concept of Multiplier & accelerator

National Income Determination in an Open Economy with Government - Fiscal

Policy – Impact of Changes in Govt. Expenditure and Taxes; Net Export

Function: Net Exports and Equilibrium GDP. (18 lectures)

Unit 2: Money and Banking (25% marks)

Definitions of Money; Evolution of money; Functions of Money; Supply of Money -

Role of Government, Central Bank & commercial banks (process of Multiple Credit

Creation)

RBI’s measures of money supply

(18 lectures)

Unit 3: Public Finance (30% marks)

Budget – meaning; types (balanced & unbalanced, surplus & deficit); Concepts of

deficit (fiscal deficit, revenue deficit, primary deficit);

Public Revenue: sources of govt. revenue;

Public Expenditure: Classification – developmental/non-developmental, plan/non-plan

Public Debt: meaning; Classification – internal & external, short- medium- & long-

term, productive & unproductive, redeemable & irredeemable

Discussion of most recent Govt. of India budget

(22 lectures)

Unit 4: Business Cycles (10% marks)

Meaning and Features; Phases of a Business cycle; Theories of Business Cycles

Inflation - Meaning and nature, types, causes & consequences; the Philips Curve

Stagflation – meaning (9 lectures)

http://www.indiastudychannel.com/resources/57096-Syllabus-ECONOMICS-PAPER-II.aspx

http://www.indiastudychannel.com/resources/57096-Syllabus-ECONOMICS-PAPER-II.aspx

45

References:

Diulio E. (1998): Macroeconomics, Schaum’s Outlines, New Delhi, Tata McGraw-

Hill, 3e

Dornbusch R., Fischer S. & Startz R. (1998): Macroeconomics, New Delhi, Tata

McGraw-Hill, 7e

Farmer R. E. A. (2002): Macroeconomics, Singapore, Thomson-SouthWestern, 2e

Hyman D. (1992): Economics, Boston, Irwin, 2e

Mankiw N. G. (2000): Macroeconomics, New York, Worth, 4e

Mittal A. (2006): Macroeconomics, New Delhi, Taxmann

Nag A. (2005): Macroeconomics for Management Students, New Delhi, Macmillan

Samuelson P. & Nordhaus W.: Economics, New Delhi, Tata McGraw-Hill, (most

recent ed.)

46

501: SUMMER INTERNSHIP REPORT (4 credits: 100 marks)

Students will write a report on the internship completed by them between Semesters

IV & V.

The report will be evaluated by the assigned guide.

The report must be submitted within one month of the start of Semester V, after which

the internship seminars will be conducted.

502: SUMMER INTERNSHIP SEMINAR (2 credits: 50 marks)

Summer internship seminars will begin within one week of reopening of the College

for Semester V.

The seminar will be an open seminar, to be attended compulsorily by all students of

the class. The judges for the seminar will be the programme coordinator and one

expert from industry.

503: CURRENT BUSINESS & FINANCE ISSUES-I (2 credits: 50 marks)

Students will discuss current economic, business and finance-related issues – these

will include global-level, national-level and local-level issues

Guest faculty from industry will be invited to conduct these sessions; when such

faculty is unavailable, regular faculty will engage these sessions.

47

504: SOFT SKILLS-IV (2 CREDITS: 50 MARKS)

MEDIA RELATED COMMUNICATION

Objectives: At the end of the course the student will be able to use media effectively

for communication, to draft an advertisement and a press release, to learn the rules

and conventions of online correspondence.

Unit 1- Talking on the Telephone (30% Marks)

Telephone problems

Telephone rules

Making a call – preparation, calling, follow-up

Gathering information by telephone- What to do before and during such calls

(11 lectures)

Unit 2 – Writing for the Media (30% Marks)

Drafting a Press Release – Format, layout and features

Drafting Advertisements

(11 lectures)

Unit 3 – E-Mail Messages and the Internet (40% Marks)

E-mail – Advantages, disadvantages, net etiquette

SMS – its applications, advantages, disadvantages

Instant Messaging

Video conferencing - advantages, disadvantages

(16 lectures)

References/Suggested Reading:

Taylor K.: 50 ways to improve your Business English without much effort, Summer

Town Publishing



Ltd


Viswanathan R.: Business Communication, Himalaya Publishing House

48

505: ACCOUNTING FOR FINANCIAL SERVICES (4 credits: 100 marks)

Objective: to help the student acquire the skills of accounting for the diverse financial

services provided by finance companies

Unit 1: Accounting for Hire Purchase & Lease Finance (20% marks)

Hire Purchase and Installment credit system –accounting procedure in the books of the

buyer and the seller;

Lease Accounting -accounting procedure in the books of lessor and lessee

(16 lectures)

Unit 2: Accounting For Mergers & Acquisitions (25% marks)

Mergers & Acquisitions –legal & procedural aspects, forms of financing, SEBI

takeover code, accounting procedure for mergers & acquisitions (19 lectures)

Unit 3: Investment Accounting (20% marks)

Investment Accounting –cum / ex-interest / dividend transactions, Investment

accounts; calculation of NAV (15 lectures)

Unit 4: Accounting for Insurance Companies and Accounting for Banks

(35% marks)

Accounting for insurance companies –preparation of financial statements for life

insurance and general insurance companies

Accounting for banking companies –preparation of financial statements with

schedules as per the Banking Companies Act

(25 lectures)


Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II), New

Delhi, Tata McGraw-Hill, 2e

Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas, 8e


Sultan Chand, 8e

Pandey I. M. (1991): Cases in Financial Management, New Delhi, Tata McGraw-Hill

49

506: INDIRECT TAXES (4 credits: 100 marks)

Objectives: To provide students with an understanding of the main provisions of the

various legislations in the area of indirect taxes, and keep them up to date on current

developments in this area.

Unit 1: Central Excise Act, 1944 and Related Rules (25% Marks)

The Legislative background of central excise including constitutional provisions,

nature of excise duty, chargeability, scope and basis, meaning of goods, manufacture,

manufacturer, and removal of excisable goods, classification and valuations of goods

(19 lectures)

Unit 2: Customs Act, 1962 (25% Marks)

Principles governing levy of customs duty, Duty-types, Basic principles of

classification and valuation of goods, duty drawback, Customs Authorities

warehousing stations (19 lectures)

Unit 3: Service Tax (25% Marks)

Basics of service tax, charging of service tax, classification of services, service tax

credit, registration, records to be maintained by assessee, self assessment and

verification of return, demand of tax, refund of excess tax paid, interest for delayed

payment of tax Services on which tax payable (only names of services; no details)

(19 lectures)

Unit 4: Goa Value Added Tax Act 2005 (25% Marks)

A study of Goa Value Added Tax Act with special reference to the following:

Definitions – Business, Dealer, Goods, Input Tax, Manufacturer, Output Tax, Person,

Sale, Sale price, Turnover, Works Contract, Taxable Turnover.

Registration of dealer

Incidence of Tax, Composition of Tax, Net tax of Registered dealer, Input tax credit,

Returns & Payment of tax

(18 lectures)


Datey V. S. (2005): Indirect Taxes: Law and Practice, New Delhi, Taxmann

Kenkre S. R., Pai Bir Y. S. & Kamat A. T. (2005): Value Added Tax (VAT), Panaji,

Pato Informatics, 1e

Bhandare S. P. & Pai Raiker M. (2005): Goa Value Added Tax, Panaji, Trinity

Publishers

50

507: CORPORATE FINANCE (4 credits: 100 marks)

Objectives: To introduce the student to various financial aspects of the functioning of

corporations, the valuation of different sources of finance and to make students aware

of the rationale, procedure and implications of mergers and acquisition

Unit 1: Introduction to Valuation & Stock Valuation

A. Introduction to Valuation (20% marks)

Time value of money; Simple and compound interest rates; Continuous compounding

Real and nominal interest rates; Types of loans; Loan amortization

B. Stock Valuation (20% marks)

Meaning, Features of common and preference stock; Stock returns; Anticipated

returns; Present value of returns; Multiple year holding period - Constant growth

model, Two stage growth model, Three phase model; Valuation through P/E

(30 lectures)

Unit 2: Bond Valuation (20% marks)

Meaning, bond risk, types of bonds, Present value; Bond returns: - Holding period

returns - Current yield, Yield to maturity, Term structure of interest rates, Macaulay’s

Duration; Effects of interest rates and inflation on bonds (15 lectures)

Unit 3: Stock Dividends, Stock Repurchases and Stock Splits (20% marks)

Meaning, Type, Provision in India; Dividend stability; Cash dividend v/s

Repurchases; Factors affecting stock dividend; Stock repurchases and stock splits;

Reverse split (15 lectures)

Unit 4: Mergers and Amalgamations (20% marks)

Meaning and definition of Mergers and Amalgamations, Takeovers, Reverse merger,

Spin off

Types of mergers- Horizontal, Vertical, Conglomerate, Financial and managerial

Concentric companies: motives, Efficiency theories - Differential managerial

efficiency, Inefficient management, Operating synergy, Pure diversification

(15 lectures)


Damodaran A. (1994): Damodaran on Valuations, New Delhi, John Wiley

Pandey I.M (2005): Essentials of Financial Management, New Delhi, Vikas

Pike R. (1998): Corporate Finance & Investments: Decisions & Strategies, New

Delhi, Prentice-Hall of India

Verma J.C. (1985): Corporate Finance, New Delhi, Vision Books

Watson D. & Head A. (2003): Corporate Finance: Principles & Practices, New

Delhi, Taxmann

51

508: DERIVATIVES AND COMMODITY MARKETS (4 credits: 100 marks)

Objective: This subject is designed to provide a basic understanding about the

Derivatives and Commodity Markets to the students. The students will learn the

difference between Commodity and Financial derivatives, the Instruments available

for trading, Trading, Clearing & Settlement of Derivative Contracts and also the

regulatory framework for Derivative market in India.

Unit 1: Introduction to Derivatives (15% marks)

Derivatives Defined; Products, Participants and Functions; Derivatives Markets; Spot

versus Forward Transaction; Exchange Traded Versus OTC Derivatives; Some

commonly used Derivatives; Difference between Commodity And Financial

Derivatives; Physical Settlement; Warehousing; Quality of Underlying Assets

(12 lectures)

Unit 2: Instruments Available For Trading (25% marks)

Forward Contracts; Futures Contracts; Distinction between Futures and Forward

Contracts; Futures Terminology

Introduction to Options: Option Terminology - Basic Payoffs, Payoff for Buyer of

Asset: Long Asset, Payoff for Seller of Asset: Short Asset; Payoff For Futures, Payoff

for Buyer of Futures: Long Futures, Payoff for Seller of Futures: Short Futures;

Payoff For Options - Payoff for Buyer of Call Options: Long Call, Payoff for Writer

of Call Options: Short Call, Payoff for Buyer of Put Options: Long Put, Payoff for

Writer of Put Options: Short Put (19 lectures)

Unit 3: Commodity Derivatives (15% marks)

Evolution of Commodity Exchanges; Commodity Exchange; Role of Commodity

Exchanges; Commodity Derivative Markets in India; Indian Commodity Exchanges;

Global Commodity Derivatives Exchanges; Recent Developments (11 lectures)

Unit 4: Trading, Clearing and Settlement (35% marks)

Trading - Futures Trading System; Entities in The Trading System; Commodity

Futures Trading Cycle; Order Types And Trading Parameters; Permitted Lot Size;

Tick size for contracts & Ticker symbol; Quantity Freeze; Base Price; Price Ranges of

Contracts; Order Entry on the Trading System; Margins For Trading In Futures

Clearing - Clearing Mechanism; Clearing Banks; Depository participants

Settlement - Settlement Mechanism; Settlement Methods; Entities involved in

Physical Settlement

Risk Management (26 lectures)

52

Unit 5: Regulatory Framework (10% marks)

Rules Governing Commodity Derivatives Exchanges /Participants; Rules Governing

Trading On Exchange – Trading, Clearing; Rules Governing Investor Grievances

(7 lectures)


Pandey I. M. (1995): Essentials of Financial Management, New Delhi, Vikas

Avadhani V. A. (1998): Investment & Securities Market in India, Mumbai, Himalaya

Agarwal S.: A Guide to the Indian Capital Market, Bharat

NSE Study Material : Derivatives Markets (Dealers) Module

Websites of NSE, BSE, Forward Market Commission, MCX, NCDEX, NMCE, ACE

53

601: Current Business & Finance Issues-II (2 credits: 50 marks)

Students will discuss current economic, business and finance-related issues – these

will include global-level, national-level and local-level issues

Guest faculty from industry will be invited to conduct these sessions; when such

faculty is unavailable, regular faculty will engage these sessions.

54

602: Business &Financial Sector Legislation (2 credits: 50 marks)

OBJECTIVES: To acquaint the student with relevant sections of important

legislations relating to business & finance

Unit 1:

A. The Indian Contract Act 1872 (15% marks)

Meaning of contract, standard forms of contract, essentials of contract, parties,

execution, revocations, form of considerations, remedies, agency contracts,

appointment of agents and sub-agents (5 lectures)

B. The Companies Act 1956 (15% marks)

Types of companies, types of shares, buyback of securities, share capital, transfer of

shares, annual returns, Annual General Body Meeting, dividends, Investor Education

and Protection Fund (5 lectures)

Unit 2: Foreign Exchange Management Act 1999 (15% marks)

FEMA – major provisions relating to acquisition and use of foreign exchange;

transactions & uses disallowed under FEMA (5 lectures)

Unit 3: Negotiable Instruments Act 1881 & other Banking Acts (30% marks)

The Negotiable Instruments Act - Promissory notes, Bills of exchange, cheques and

crossed cheques, parties, negotiation and endorsement, presentment. Major provisions

of (i) most recently amended versions of Banking Regulation Act (1949), (ii) The

Securitisation and Reconstruction of Financial Assets and Enforcement of Security

Interest Act, 2002 (SARFAESI), (iii) Prevention of Money Laundering Act, 2002

(13 lectures)

Unit 4: Securities Regulations (25% marks)

The Securities Contract (Regulation) Act 1956: Contracts between members and

recognized stock exchanges, maintenance & preservation of books & documents;

SEBI (Prohibition of Insider Trading) Regulations 1992: Definitions, Policy on

disclosures and internal procedures, Code of ethics

SEBI (Prohibition of Fraudulent & Unfair Trade Practices relating to Securities

Markets) Regulations 1995: Meaning of Fraud and Unfair practices, prohibition

against market manipulation, Prohibition of misleading statements for inducing sale /

purchase of securities, Prohibition of unfair trade practices

(10 lectures)

N. B. the most recent amendments in respect of each legislation are to be discussed

and, where possible, reference may be made to cases.

55


Bulchandani K. R. (2002): Business Law for Management, Mumbai, Himalaya, 2e

Bulchandani K. R. (2004): Business Law, Mumbai, Himalaya, 19e

Maheshwari S. N. & Maheshwari S. K. (2003): Business Regulatory Framework,

Mumbai, Himalaya, 1e

Raju V. R. K. (2005): Business Laws and Economic Legislations, Mumbai, Himalaya,

Wadhwani M. R. (2005): Business Law, Mumbai, Sheth, 26e

Websites of SEBI, BSE & NSE

56

603: FINANCIAL STATEMENT ANALYSIS AND DECISION MAKING


Objectives: to enabling the students to develop knowledge and understanding of

financial statement analysis; different tools and techniques of financial analysis and

their practical application in the published financial reports of companies

Unit 1: Financial Statement Analysis and Interpretation - I (30% marks)

Financial Statements – Meaning, types and Limitations. Meaning of Financial

Statements Analysis, Meaning of various tools of Financial Analysis

Ratio Analysis – Meaning and Functional Classification of ratios. (Profitability,

Liquidity, Leverage, Turnover, Market Strength Analysis and Coverage), Calculation

and Interpretation of Ratios from Balance Sheet and Income Statement

(17 lectures)

Unit 2: Financial Statement Analysis and Interpretation - II (25% marks)

Common Size statements – Meaning and Preparation of Common size Profit/Loss

account and Balance Sheet; Comparative Size statements- Meaning and Preparation of

Profit/Loss account and Balance Sheet; Trend Analysis- Meaning and Preparation of

Profit/Loss account and Balance Sheet; Value Added statement – Meaning and

Preparation of Value Added Statement; Introduction to concept of Extensible Business

Reporting Language (XBRL)

(14 lectures)

Unit 3: Contents of Corporate Annual Reports & Corporate Financial Reporting

A. Contents of Corporate Annual Reports: (30% marks)

Understanding the Contents of Corporate Annual Reports: Balance Sheet, Income

Statement, Cash flow Statement, Significant Accounting Policies, Auditor’s Report,

Director’s Report, Management Discussion and Analysis, Notes to Accounts

(17 lectures)

B. Corporate Financial Reporting (15% marks)

Meaning, Objectives of corporate financial reporting, Qualitative characteristics of

financial reporting information, Window Dressing in corporate financial reporting;

Specific Issues in Corporate Financial Reporting: Segment reporting - Meaning and

need, Interim reporting – Meaning and need; Corporate Governance - meaning

(8 lectures)

References:

Rao M.: Financial Statement Analysis and Reporting, PHI Learning Pvt. Ltd.

Mukherjee A. & M. Hanif: Corporate Accounting, Tata McGraw Hill.

Maheshwari S. N. & S. K. Maheshwari: Corporate Accounting, Vikas Publication

Shah P.: Basic Financial Accounting for Management, Oxford University Press.

57

604: ELECTRONIC COMMERCE (3 credits: 75 marks)

Objectives: to develop understanding of web –based Commerce, equip students to

assess e-commerce requirements of a Business and develop e-business Plans.

Unit 1: Introduction to Electronic Commerce (20% marks)

Meaning Nature and scope, Business application of ecommerce, Global trading

Environment and adaption of ecommerce, Evolution of World Wide Web, Future of

Web

Website Design: Websites as Market Place, Role of Website in B2C E-commerce,

website Strategies, Website Design Principles, Push and Pull Approaches, Alternative

methods of customer communication such as e-mail, E-mail etiquette and E-mail

Security (10 lectures)

Unit 2: Business Models of Ecommerce (40% marks)

B2B, B2C, B2G and other models of E-commerce, applications of ecommerce to

supply chain management, product and service digitization, remote servicing ,

procurement , and online marketing and advertising , applications to CRM.

Business to Consumer E –Commerce applications

Cataloguing , order planning and order generation , cost estimation and pricing , order

receipt and Accounting , order selection and prioritisation , order scheduling fulfilling

and delivery, order billing and Post sales services .

Business to Business E –Commerce : Need and alternative models of B2B E –

Commerce, Using public and private computer networks for B2B trading, EDI and

paperless trading, Characteristics features of EDI service arrangement , Internet Based

EDI, EDI Architecture and standards, VAN’s ,Cost of EDI infrastructure , reasons for

slow acceptability of EDI for trading , E-Marketing , traditional web promotions ,

Web counters , Web Advertisements.

(23 lectures)

Unit 3: Electronic Payment System (40% marks)

Types of Payment system – e-cash and currency servers, E-cheques, credit cards,

smart cards, electronic purses and debit cards, operational credit and legal risks of e-

payment, risk management options for e-payment systems, Set standards.

Security Issues in E –Commerce

Risk of e-commerce –Types and sources threats, Protecting Electronic commerce

assets and intellectual property, fire walls Client server, Network security, Data and

message security, security tools; Digital Identity and Electronic Signature, Encryption

and concept of Public and private Key Infrastructure, Risk Management Approaches

to E-Commerce Security.

(23 lectures)

58


Agarwala, Kales N., Amity All Deeksha Agrawala (2000): Business on the Net : An

Introduction to What and How of E-commerce, Macmillan India Ltd., 2000

Diwan P. and S. Sharma: Electronic Commerce – A Manager’s Guide to E-Business,

Vanity Books International, Delhi

Fitzerald (1998): Business Data Communication Network, McGraw Hill

KalaKota R. and A. B. Whinson (1999): Frontiers of Electronic Commerce, Addison

Wesley

Young M. L.: The Computer Reference to Internet, Tata McGraw Hill New Delhi.

59

605: SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT


Objective: To introduce the student to the process of investment and associated

considerations; to make the student aware of the theoretical basis of management of

investment portfolios; to help the student learn how to analyze portfolios


Meaning and scope of Investments; Investment Process; Objective; Investment

Planning, Variables in Investment Decisions; Investment Avenues; Investment versus

Speculation

Types of securities: equity shares, sweat equity, non-voting shares, right shares, bonus

shares, preference shares, debentures, bonds, and warrants.

Risk: definition; systematic risk, unsystematic risk; minimising risk exposure; risk

management (15 lectures)

Unit 2: Fundamental Analysis & Technical analysis (25% marks)

Fundamental analysis: economic analysis; industry analysis; company analysis;

earnings of the company; financial analysis; growth in earnings

Technical analysis: assumptions; technical tools - Dow theory; Primary trend,

Secondary trend, Minor trends, Support and resistance, Indicators, Odd lot trading,

Moving averages, Rate of change, Charts, Technical analysis and fundamental

analysis. (19 lectures)

Unit 3: Efficient Market Theory and Markowitz Model (45% marks)

Efficient Market Theory; Basic concepts; The random walk theory; Weak form of

EMH; Semi strong form; Strong form; Essence of theory; Market inefficiencies

Markowitz Model: Introduction, Simple diversification, The Markowitz model, Risk

and return with different correlation, Markowitz efficient frontier (35 lectures)

Unit 4: Emerging issues in SAPM (10% marks)

Blue Chips; Non-Resident Indian Investment, Foreign Institutional Investors

Case Studies (6 lectures)


Avadhani V. A. (1997): Investment Analysis and Portfolio Management, Mumbai,

Himalaya

Bodie Z. & Kane A. (1995): Essentials of Investment, London, Irwin

Chandra P. (2002): Investment Analysis and Portfolio Management, New Delhi, Tata

McGraw-Hill

Cordor A. (2003): Fundamentals of Investment, New Delhi, Prentice-Hall of India

Fischer D. E. & Jordan R. J. (1995): Security Analysis and Portfolio Management,

New Delhi, Prentice-Hall of India

Strong R. A. (2001): Portfolio Management Handbook, Mumbai, Jaico

60

606: STRATEGIC MANAGEMENT (4 credits: 100 marks)

Objective: To enable students to understand the importance of strategic management

decisions; to help them develop a holistic perspective of an organization; to enable

students analyse the various strategic situations facing the organization and apply the

concepts learned in the classroom to real-life events

Unit 1 – Introduction (15% marks)

Strategy – Meaning, Definition, Elements of strategy- mission, vision, objectives,

goals, targets, types of levels of strategy; Strategic Management – Meaning,

Definition, benefits of strategic management; Strategic management process.

(11 lectures)

Unit 2 – Environmental Scanning (35% marks)

Environmental Threat and Opportunity Profile (ETOP); PEST analysis; Portfolio

strategy - BCG matrix; GE Nine Cell matrix, SWOT analysis; TOWS Matrix SPACE

matrix; Competitive strategy – Competitor analysis, Porter’s Five Force Model;

McKinsey’s 7S Framework. (26 lectures)

Unit 3 – Corporate Level Generic Strategies (35% marks)

Stability strategies; Growth strategies – Intensive Growth, Integrated Growth,

Diversification Growth; Retrenchment strategies – Turnaround strategy, Captive

company strategy, transformation strategy, divestment strategy; Combination strategy;

Porter’s Generic strategies – low cost, differentiation, focus.

Strategic Change – Meaning, Barriers to change, Types of change, Implementation of

strategic change (steps) (27 lectures)

Unit 4 – Globalization (15% marks)

Globalization – Meaning, obstacles to globalization, factors favouring globalization,

Globalization Strategies – Exporting, foreign investment, mergers and acquisitions,

joint ventures, strategic alliance, licensing and franchising. (11 lectures)

References

Cherunilam F.: Strategic Management, Mumbai, Himalaya

Gupta V., Gollakota K. and Srinivasan R. (2005): Business Policy and Strategic

Management – Concepts and Application, New Delhi, Prentice-Hall of India, EEE

Lomash S. & Mishra P. K. (2005): Business Policy and Strategic Management, New

Delhi, Vikas

Miller A. & Dess G. (1996): Strategic Management, New York, McGraw-Hill,

International ed.

Pearce J. A. & Robinson Jr. R. B. (1995): Strategic Management – Strategy

Formulation and Implementation, New Delhi, A.I.T.B.S. 3e

Steiner G., Miner J. and Gray E. (1982): Management Policy and Strategy – Text,

Readings and Cases, New York, Macmillan, 2e

Subba Rao P.: Business Policy and Strategic Management

61

607: INTERNATIONAL FINANCE & FOREIGN EXCHANGE MARKETS


OBJECTIVES: To acquaint students with the methods and procedures involved in

the financing of international trade and to make students conversant with

international and foreign exchange markets and the transactions therein

Unit 1: International Monetary System (10% marks)

International monetary system – need, evolution; Bretton Woods system; International

Monetary Fund and the World Bank; European Monetary Union and the euro;

regional financial institutions (7 lectures)

Unit 2: International Financial Markets, Foreign Investment (25% marks)

International Money and Capital markets; International bond markets; Euro Currency

markets; Euro Issues, ADRs, GDRs, Various International Debt instruments.

Foreign Direct Investment- meaning; determinants of FDI; FDI in India – trends in

volume and composition.

Foreign Portfolio Investment – meaning; Determinants of FPI; FPI in India – trends in

volume and composition.

(18 lectures)

Unit 3: Finance of International Trade (30% marks)

Basic concepts – correspondent bank, nostro account, SWIFT; types of contracts –

INCOTERMS; Finance of imports - letter of credit – meaning, types, parties,

operation; Finance of exports - pre-shipment and post-shipment finance in Rupees and

foreign currency; shipping documents; Export Credit and Guarantee Corporation of

India – functions and role; EXIM Bank of India – functions and role

(25 lectures)

Unit 4: Foreign Exchange Market, Exchange Rates & Balance of Payments

(30% marks)

Meaning of foreign exchange; features and functions of the forex market, participants,

various types of forex transactions; wholesale and retail markets; Indian forex market

Exchange rate systems - fixed, floating and managed floating; factors influencing

exchange rates, Types of forex rates – buying and selling rates applicable to different

instruments, cross rates, spot rates, forward rates.

Meaning and Structure of Balance of Payments; BoP Deficits and current account

deficits - meaning, causes, consequences, corrective measures

(25 lectures)

62


Andley K. K. & Mattoo V. J. (1996): Foreign Exchange: Principles and Practice,

New Delhi, Sultan Chand & Sons, 8e.

Avadhani V. A. (2004): International Finance, Mumbai, Himalaya.

Buckley A. (1998): Multinational Finance, New Delhi, Prentice-Hall of India.

Giddy I. H. (1997): Global Financial Markets, New Delhi, A.I.T.B.S.

Carbaugh R. J. (1994): International Economics, Cincinnati, South-Western College.

Jain P. K., Peyrard J. & Yadav S. S. (1998): International Financial Management,

New Delhi, Macmillan.

Jeevanandam C. (2002): Foreign Exchange: Practice, Concepts and Control, New

Delhi, Sultan Chand & Sons.

Melvin M. (1999): International Money and Finance, New Delhi, Addison-Wesley.

Weisweiller R. (1983): Introduction to Foreign Exchange, London, Woodhead-

Faulkner.

63

608: CORPORATE RESTRUCTURING (4 credits: 100 marks)

Objectives: to introduce students to the concepts of mergers, acquisitions, takepvers

and other related concepts; to enable them to understand the process as well as

appreciate the benefits and drawbacks of all forms of corporate restructuring


Meaning of corporate restructuring, need, scope and modes of restructuring, global

scenario and Indian scenario

Planning, formulation and execution of various corporate restructuring strategies-

mergers, acquisitions, takeovers, disinvestments and strategic alliances, demergers and

hiving off (22 lectures)

Unit 2: Mergers and Acquisitions (30% marks)

Meaning and definition, types of mergers, motives behind mergers, theories of

mergers, operating, financial and managerial synergy of mergers, value creation in

horizontal, vertical and conglomerate mergers, internal and external change forces

contributing to M & A activities.

Trends of Mergers and Acquisitions in India – growing need for corporate

restructuring in recent times (23 lectures)

Unit 3: Takeovers (20% marks)

Meaning and concept, types of takeovers, legal aspects - SEBI takeover regulations,

procedural aspects, economic aspects, financial aspects, accounting aspects, payment

of consideration, bailout takeovers, takeover of sick units. (15 lectures)

Unit 4: Funding of Mergers and Takeovers (20% marks)

Financial alternatives, merits and demerits, funding through various types of financial

instruments including preference shares, non-voting shares, buy-back of shares,

hybrids, employer stock options, takeover finance, ECBs, funding through financial

institutions and banks, rehabilitation finance, management buyouts (15 lectures)

Suggested Readings

Weston, Chung, Hoag: Mergers, Restructuring and Corporate Control, PHI

S. ShivaRamu: Corporate Growth through Mergers & Acquisitions, Sage Publications

John Humphrey, Kaplinsky and Saraph: Corporate Restructuring, Sage Publications

Sudarshan: The Essence of mergers and acquisitions, PHI

Weston: Takeovers, Restructuring and Corporate Governance , PHI

ShivaRamu S.: Restructuring and break-ups, Sage Publications

Ghosh T. P.: Buyback of shares, Taxmann

Mandal R. K.: Corporate Mergers in India, D.K. Publishers

Kaushal V. K.: Corporate Takeovers in India, D.K Publishers

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