Department of Commerce and Financial Studies

School of Business Studies
Department of Commerce and Financial Studies

Master of Business Administration-MBA (Financial Management)
Choice Based Credit System
Bharathidasan University
(Accredited with ‘A+’ Grade by NAAC)
Tiruchirappalli – 620 024
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Master of Business Administration –MBA (Financial Management)-CBCS
Regulations & Syllabi - 2018-2019 onwards

The Department of Commerce and Financial Studies offers MBA (Financial Management)
since 2007 - 2008. The main objective of the Department is to promote teaching, research and
training in the frontier fields of Commerce and Management especially in the area of Finance.
The students of MBA (Financial Management) programme can gain practical knowledge
through projects, educational tours, organizing events and other innovative teaching methods.
1) Course Features
Program : M.B.A (Financial Management)
Pattern : Semester
Mode : Full-time Regular On-Campus Programme
Duration : Two Academic Years consisting of Four Semesters
Medium of Instruction : English
Eligibility : B.Com/ B.B.A/ B.A Corporate Secretaryship/ B.A. Bank Management/
Commerce related disciplines (with at least one Accountancy Course in eligibility degree is
essential) with a minimum aggregate of at least 50% of marks (II nd class) under Part-III
subjects. Admission is based on Entrance Test conducted by Department of Commerce and
Financial Studies and academic score in eligible UG programmes (50% weightage for UG part
– III marks and 50% weightage for Entrance Test Score). The exemption from the Entrance
Test will be given for the Candidates who apply with a valid score of TANCET / GMAT /
MAT / CAT / GATE of respective years. The admission is based on the Reservation policy of
the Government of Tamil Nadu as applicable during the respective years.
2) Fee Structure : As prescribed by the University from time to time.
3) Credits : The total number of credits for this programme are 124.
4) Attendance for students to write exams
Percentage of
Details
Attendance
Eligible to write exam without Condonation fee 75 and above
Eligible to write exam with Condonation fee and Medical Certificate 65 to 74
Re-Doing the Semester (s) after completion of the programme Below 65
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5) Evaluation
Evaluation of each course (other than Summer Institutional Training Project, Main
Project Work and Extra Disciplinary Courses) shall comprise of Continuous Internal
Assessment (CIA) for 25 marks and End Semester Examination (ESE) for 75 marks. The Q.P
setting and evaluation of ESE will be done by External Examiners, appointed for the purpose
and while CIA components will be evaluated by respective course teachers.
5. a) The Components of CIA Marks are as follows
Test (Two) 10 (Third test for genuine absentees)
Seminar 5
Assignment 5
Case analysis/ Quiz/ Group discussion 5
Total Marks 25
5. b) Question Paper* Pattern for the End Semester Examination (ESE)
Questions Marks Total Marks

Part A
Ten Questions (no choice) 10 2 20 marks
(Two Questions from each unit)
Part B
Five Questions (either or type) 5 5 25 marks
(One Question from each unit)
Part C
Three Questions (either or type) 3 10 30 marks
(Not exceeding one Question from each unit)
Total Marks 75 marks
*QP setters may be asked to avoid questions using “What” type and set questions giving
equal weightage to all units of the course. The weightage for theory and problem may be
given as prescribed in the course syllabus.
6) Passing Minimum
A student will be declared to have passed in each course other than Project
Works and Extra Disciplinary Courses if he/she secures not less than 40 % marks in University
Exams and 40 % marks in CIA and not less than 50 % marks in the aggregate taking CIA &
End Semester Exams (ESE) marks together. The Failed candidates in the Internal Assessment
are permitted to improve their Internal Assessment marks in the subsequent semesters (two
chances will be given) by assessing the CIA components once again. The regulations of our
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University relating to Instant Examination, Revaluation and Retotalling will be applicable as
usual.
7) Guidelines for Summer Institutional Training Project and Final Project

A project is a necessary condition for the award of MBA (Financial Management)
degree. The project must be individual work and should be carried on in any finance firms.
There will be an Internal Guide from the respective firm. The project report shall be written and
submitted in the form of case analysis. The student should select a real life transaction, event or
situation of a finance firm or manager. It should develop practical solutions to the financial
problems of business firms. Each student shall be required to carry out two projects- (i) summer
institutional training project and (ii) final semester project.
7. a) Summer Institutional Training Project (FMPW 1)
Each student shall be required to take up institutional training cum project in any
business organization for a period of not less than four weeks after completing the second
semester (during vacation) and shall submit a report. While doing summer training project, the
students are expected to interact with officials in the organization. The Training Certificate,
Student Evaluation Form and Attendance Certificate with the Day Wise work carried out
(Training Schedule) with the signature of the Official of the sponsored organization should be
obtained and enclosed in the project. The project on different topics should be done under the
guidance of an official of the chosen finance firms. The students will be evaluated on the basis
of the report presentation and the feedback provided by the officials in the respective
institutions. The evaluation of FMPW1 will be jointly done by External Examiner appointed for
the purpose and Head / Faculty Member of the Department of Commerce and Financial Studies.
7. b) Final Semester Project (FMPW2)
In addition to the summer institutional project, each student shall be required to take up
a project during the final semester and submit a report. The authenticity of the project work
should be certified by a guide/ Head of the Department. The Final project report shall be jointly
evaluated by the Head /Supervisor and External Examiner appointed for this purpose. At the
end, Viva Voce examination shall be conducted. The format of the project report and date of
submission will be decided by the Department. The weightage for viva voce is 25 marks and 75
marks for the Report.
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7. c) Suggested Topics
The students are encouraged to take up a project on “contemporary concerns” under the
guidance of a faculty member. The project should fit within one of the following themes:
Financing Policy - The analysis of specific decisions to issue equity, debt, convertibles,
capital structure policy, distress financing, venture capital, project financing, real estate
financing etc.
Investment Policy - The analysis of a major investment decision (involving real options), the
review of a company’s capital budgeting system/process, the analysis of cross-border
investment, etc.
Income Distribution Policy - The analysis of a company’s decision to alter its dividend
policy or to distribute cash other than regular dividends, the analysis of the distribution policy
of newly started company, etc.
Corporate Restructuring Activity - The analysis of a Joint Venture, Merger or Acquisition,

divestiture, spin-off, split-up or carve-out, MBO or LBO, leveraged recap, equity-for-debt
swap, IPO, roll-up, privatization, distress restructuring, etc.
Risk Management and Hedging Policy- This might be in the context of a major corporate or
multinational, a securities firm, a bank, hedge fund, a pension plan, etc.
Portfolio and Investment Policy - The analysis of the investment policy, investment
strategies, and/or performance of a fund manager, mutual fund, endowment fund, pension plan,
hedge fund, etc.
Trading, Market Creation and Exchanges - The analysis of an organization’s trading

strategies, performance evaluation of a prop-trading desk; the analysis of market- creating (or
exchange) systems, including hedging and risk control.
Financial Engineering - The design/analysis of a new financial/structured product, the

use/misuse of financial products by firms, complex securitizations, credit derivatives, etc.
Financial Institutions and Markets - Strategy, policy, and response to regulatory changes
and other changes in financial markets (e.g. currency convergence).
Corporate Governance - The design of executive compensation schemes, communicating

with shareholders, CEO succession; the effectiveness/impact of governance, etc.
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Foreign Investment, Foreign Exchange, Capital Market and Trade – The analysis foreign
trade, currency futures, currency options, currency swaps, foreign exchange market efficiency,
theories of exchange rate can be made.
Contemporary Topics - The students are free to propose other themes that are contemporary
in nature and topics that fit within the broad area of finance in tune with emerging trends in
government policy and promotions.
8) Case Studies
Each student should go to the identified concern, business unit and develop a case and
submit the finance case to the course teacher. They can do the case analysis in the aspects
namely Financial Statement Analysis using tools for analyzing Financial Statements, “Z” –
Score analysis, Balance Score Card, Application of Accounting Standards, Working Capital
Analysis such as Inventory, Cash, Financing policy, ABC, EOQ, Cost Analysis – CVP analysis,
Break Even Analysis, Capital Structure Analysis, Corporate Evaluation – EVA, Share Price
Analysis, Stock Market Practices analysis such as Trading pattern, Clearing and Settlement
Process, Portfolio Management, Fundamental Analysis, Project Management & Analysis, Tax
Management, Customer Satisfaction, Quality Control and other Areas of Finance. They should
submit their detailed case reports (typed in MS Word Font Times New Roman Size 12 Line
Spacing 1.5) covering the Company’s Origin, Structure, Control System and Growth, analysis
results along with tables, charts, figures etc., to the Department and to the institution whose case
they are analyzing. The students will be evaluated, based on the report presentation and the
feedback provided by the officials in the respective institutions.
9) Career Oriented Additional Courses
The students will be encouraged to undergo Career Oriented Additional Courses such as
Value Added Course, Self-Study Course, Online Courses/MOOCs and Financial Professional
Certification Course. It is the option of the students to choose these courses. These courses are
over and above the courses of MBA and additional credits earned by students against these
career oriented courses are not part of MBA programmes.
(a) Value Added Courses (VACs)
The MBA students are encouraged to study the value added courses with 2 credits in
each semester. More details are given in the Regulations and Syllabi of Certification Courses.
Only those students who are qualified for all the four courses relating to the Certification
Course can alone get the Certification. If a student doesn’t qualify all the four courses relating
to the Certification Course, he/she can get only Mark Statement for such qualified Value Added
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Course. The students can also opt for the Value Added Courses offered by other departments of
the University.
(b) Self Study Courses
Those willing MBA students are encouraged to study one-self study course in each
semester. There is no regular theory & practical classes for those courses and the students need
to study on their own and write exams for those courses in the respective semesters.
The Evaluation of each course shall comprise of Continuous Internal Assessments (CIA)
for 25 marks and End Semester Exams (ESE) for 75 marks. The pattern of CIA and ESE of
other courses of MBA (FM) is applicable to those opted self study course.
(c) Online Courses/ MOOCs

The students are encouraged to register for the MOOCs prescribed in the curriculum.
However the students can also select any other MOOCs after obtaining the approval of the
University/ Department. The students should submit the copy of their MOOCs Certification
received from the respective institutions to the Department. The credits earned by the students
for MOOCs will be incorporated in the Mark Statements and the Consolidated Mark
Statements.
(d) Financial Professional Certification Courses
The students are encouraged to undergo the online certification courses offered by
reputed institutions like National Stock Exchange, Bombay Stock Exchange, Insurance Institute
of India, and National Institute of Securities Market. These certification courses would enable
them to qualify themselves to work in the respective finance domain.
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10) Industrial Visit
The department will arrange Industrial Visit every year to the industries to impart the
knowledge on the functioning of the industry. The students should attend those industrial visits
arranged by the department as the part of the course. The students are expected to make a report
on the industrial visit within a week from the date of the industrial visit.
11) Special Lecture
The department will organize Special Lectures by the resources persons from various
reputed educational institutions, and from the industries. The students should attend those
Special Lectures organised by the department as the part of the course. The students are
expected to make a report on the special lecture within two days of the lecture.
12) Completion of Courses
In line with the UGC Guidelines, the candidates (those who are unable to complete the MBA
(Financial Management) within stipulated period of two years) will be allowed to complete
within the next successive two years from the completion of period of study. In exceptional
circumstances, a further extension of one year may be granted as a private candidate and they
are not eligible for ranking.
13) Other Regulations
a) The Departmental Committee will be empowered to change/modify the regulations

relating to MBA (Financial Management) programme as and when required through
the Board of Studies, Faculty and Academic Committee.
b) The Departmental Committee may be empowered to implement the orders of the
University
c) The Common regulations of the University shall also be applicable to this Programme.
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DEPARTMENT OF COMMERCE AND FINANCIAL STUDIES,
M.B.A (Financial Management) Under CBCS
Syllabi - 2018-2019 onwards
Instruction Marks
Sl
Hours per week No of CIA ESE Total
.N Course Code Title of the Course
Class Practical Credits Marks
o
Hours Hours
FIRST SEMESTER
Foundation Course
01 FMFC1 Financial Management 5 3 6 25 75 100
Core Courses
02 FMCC1 Accounting for Decision Making 5 3 6 25 75 100
03 FMCC2 Contemporary Business Communication 5 3 6 25 75 100
Optional Core Courses (Any 1 of the 2)

04 FMCC3 Strategic Management
5 3 6 25 75 100
FMCC4 Contemporary Commercial Banking
Elective Courses (Any 1 of the 2)
FMEC1 5 3 6 25 75 100
Applied Operations Research
FMEC2
Financial Econometrics
05
Total 25 15 30 125 375 500
Class No of CIA ESE Total

Practical
Hours Credits Marks
Hours
Course Code Title of the Course (Per
(Per
semes
semester)
ter)
Self Study Course -- -- 6 25 75 100
FMSC1 Management Concepts and Behaviour and/or
MOOCs
Value Added Course (University Wide)
CCMF1 Mutual Fund and Financial Planning 40 40 2 25 75 100
9
Marks
Sl. Instruction
No No of
Course Code Title of the Course Hours per week Credits
Class Practical CIA ESE Total

Hours Hours Marks
SECOND SEMESTER
Foundation Course
06 FMFC2 Advanced Financial Management 5 3 6 25 75 100
Core Courses
07 FMCC5 Fixed Income Securities Markets 5 3 6 25 75 100
08 EDC1 Extra Disciplinary Courses (EDC) -- -- 2 --- --- --
09 FMPW1 Summer Institutional Training Project -- -- 6 --- 100 100

10 FMCC6 Working Capital Management
5 3 6 25 75 100
FMCC7 Insurance Products and Management

11 FMEC3 Managerial Economics 5 3 6 25 75 100
FMEC4 IT Lab and Packages for Business *
Total 20 12 32 100 400 500

Practical
Course Hours
Title of the Course Hours Credits Marks
(Per
Code (Per
semes
semester)
ter)
-- --
Self Study Course 6 25 75 100
FMSC2 Business Environment and/or MOOCs
Value Added Course (University Wide) 40 40 2 25 75 100

CCMF2 Mutual Funds: A Regulatory Framework
10
Instruction Marks
Sl. Course Hours per week No of
Title of the Course
No Code Credits Total
Class Practical CIA ESE
Marks
Hours Hours
THIRD SEMESTER
Foundation Course
12 FMFC3 Security Analysis and Portfolio Management 5 3 6 25 75 100
Core Courses
13 FMCC8 Business Research Methods 5 3 6 25 75 100
14 FMCC9 Financial Modelling 5 3 6 25 75 100
15 EDC2 Extra Disciplinary Course (EDC) -- -- 2 -- -- ---

16 FMCC10 Financial Services and Markets 5 3 6 25 75 100
FMCC11 Management Information System

17 FMEC5 Corporate Tax Management 5 3 6 25 75 100
FMEC6 Foreign Exchange Management
Total 25 15 32 125 375 500

Practical
Course Hours
(Per
Code (Per
semest
semester)
er)
Self Study Course -- --
FMSC3 6 25 75 100
Entrepreneurship Development and/or MOOCs

CCMF3 Mutual Funds: Risk and Performance Analysis
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Instruction
Marks
Hours per week No of
Sl. Course
Title of the Course Credits
No Code
Class Practical
CIA ESE Total
Hours Hours
FOURTH SEMESTER
Foundation Course
18 FMFC4 Project Appraisal and Evaluation 5 3 6 25 75 100
Core Courses
Derivatives and Risk Management
19 FMCC12 5 3 6 25 75 100
Project Work
20 FMPW2 -- -- 6 -- 100 100

21 FMCC13 Behavioral Finance 5 3 6 25 75 100
FMCC14 Mergers, Acquisitions and Corporate
Restructuring

22 FMEC7 International Financial Management 5 3 6 25 75 100
FMEC8 Stock Market Microstructure
Total 20 12 30 100 400 500
Grand Total 90 54 124 450 1550 2000

Practical
Course Hours
(Per
Code (Per
semest
semester)
er)
Self Study Course -- --
FMSC4 Corporate Ethics, Governance and Sustainability 6 25 75 100
and/or MOOCs

CCMF4 Marketing of Mutual Funds
CIA = Continuous Internal Assessment ESE = End Semester Examination

FMFC – Financial Management Foundation Course
EDC – Extra Disciplinary Course by other departments
FMCC – Financial Management Core Course FMPW – Financial Management Project Work
FMEC –Financial Management Elective Course FMSC – Financial Management Self Study
CCMF – Certification Course in Mutual Funds
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List of MOOCs
S. Name of the Course Web Link
No
1 Fundamentals of Banking and Insurance https://swayam.gov.in/courses/4992-fundamentals-of-
banking-and-insurance
2 Working Capital Management https://swayam.gov.in/courses/4811-july-2018-working-
capital-management
3 Data Analysis and Decision Making - I https://swayam.gov.in/courses/4812-july-2018-data-
analysis-and-decision-making-i
4 Soft Skills https://swayam.gov.in/courses/4775-july-2018-soft-
skills
5 English Language for Competitive Exams https://swayam.gov.in/courses/4777-july-2018-english-
language-for-competitive-exams
6 Regression Analysis https://swayam.gov.in/courses/4856-july-2018-
regression-analysis
7 Project Management for Managers https://swayam.gov.in/courses/4805-july-2018-project-
management-for-managers
8 Management of Inventory Systems https://swayam.gov.in/courses/4819-july-2018-
management-of-inventory-systems
9 Research Methodology https://swayam.gov.in/courses/5143-research-
methodology
10 Statistical Inference https://swayam.gov.in/courses/4849-july-2018-
statistical-inference
11 Project Planning and Control https://swayam.gov.in/courses/4720-july-2018-project-
planning-and-control
12 Introduction to Research https://swayam.gov.in/courses/4890-july-2018-
introduction-to-research
13 Introduction to Operations Research https://swayam.gov.in/courses/4814-july-2018-
introduction-to-operations-research
14 Innovation, Business Models and https://swayam.gov.in/courses/4816-july-2018-
Entrepreneurship innovation-business-models-and-entrepreneurship
15 Corporate Social Responsibility https://swayam.gov.in/courses/4804-july-2018-
corporate-social-responsibility
16 Econometric Analysis https://swayam.gov.in/courses/5201-econometrics-
analysis
17 Financial Accounting https://swayam.gov.in/courses/5170-financial-
accounting
18 Computer Fundamentals https://swayam.gov.in/courses/5171-computer-
fundamentals
19 Mathematical Modelling: Analysis and https://swayam.gov.in/courses/4850-july-2018-
Applications mathematical-modelling-analysis-and-applications
20 Developing Soft Skills and Personality https://swayam.gov.in/courses/4773-july-2018-

developing-soft-skills-and-personality
21 E-Governance https://swayam.gov.in/courses/5053-e-governance
22 Financial and Material Resources https://swayam.gov.in/courses/5021-financial-and-

Management material-resources-management
23 Business Planning and Project Management https://swayam.gov.in/courses/4984-business-planning-
and-project-management
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Course Details of MBA (Financial Management)
Sl.No Nature of the Course No. of Courses No. of Credits
1 Foundation Course 4 24
2 Core Course 6 36
3 Core Course with Electives 4 out of 8 24
4 Elective Course 4 out of 8 24
5 Extra Disciplinary Course 2 4
6 Summer Institutional Training Project 1 6
7 Project Work 1 6
Total 22 124
Self Study Course (Additional)

Sl.No Nature of the Course Number of Courses Number of Credits
1 Self Study Course 4 24
Course Details of Certification on Mutual Funds (Additional)

Sl.No Nature of the Course Number of Courses Number of Credits
1 Value Added Course 4 8
PROGRAMME OUTCOME
 PG Granduands buoying up with Professional Competences have right mix of Knowledge-
portfolio, Skill-set, Mind-set and Pragmatism in their chosen fields that
employment/entrepreneurship demands.
 PG Granduands with Characteristic sense of being Seasoned and Spiritedness exhibit
commitment to fruitful society contribution and nation-building ethos.
 PG Graduands exuberant with Leadership Latitude are mentored such that they are ready to
assume stewardship roles in the field of Commerce/ Banking/ Management/
Entrepreneurship/Economy with commitment to excellence and endurance.
 PG Graduants are directed in understanding of ethical principles and responsibilities, moral and social
values in day-to-day life thereby attaining Cultural and Civilized personality.
 PG Graduants of are able to Collate information from different kinds of sources and gain a coherent
understanding of the subject.
PROGRAMME SPECIFIC OUTCOMES
At the completion of the Programme, the students would be able to
 Demonstrate a general knowledge framework and understanding of key financial functions
 Get In-depth Knowledge and understanding of financial management of domestic and
multinational corporate
 Identify, appraise and appreciate successful implementation of business projects
 Effective argumentation in oral and written presentation
 Analyse the trend of the securities market using sophisticated techniques
 Offer comprehensive solutions to business problems by evaluating information using
reasoning and analysis
 Consider the multinational perspective in arriving solutions in the present globalised context
 Integrate the social and ethical dimensions in arriving the final solution
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FMFC1- FINANCIAL MANAGEMENT
Course Aim: To develop critical thinking and problem solving competencies, at both the
individual and group levels, of financial statement analysis, financial planning, principles of
valuation, capital structuring and to apply financial theory to analyze real life situations in
an uncertain environment.
Course Outcomes: At the end of the course, students should be able to:
1. Understand the concepts and functioning of finance, important elements of finance
concepts for running a business.
2. Get knowledge on the importance of Ethical Finance
3. Analyse financial statements and various ratios for overall understanding of financial
performance of a company and apply the various tools of financial statement analysis
4. Calculate the cost of debt, cost of equity and the Cost of Capital, and understand the
importance of Company’s capital structure in Corporate Finance, and
5. Act as the financial consultant for manufacturing or services oriented organizations.
6. Work in an independent and organised manner, set goals, and plan and implement
solutions to diverse problems
Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential

Learning, Participative Learning, Case Study Method and Problem Based Learning
Unit I: Introduction to Financial Management: Objectives, Functions, Scope, Evolution,

Interface of Financial Management with Other Areas, Environment of Corporate Finance,
Need for Ethical Finance.
Sources of Long-term Finance: Equity Capital, Retained Earnings, Preference Capital,
Term loans, Debentures, Pattern of Corporate Financing in India.
Unit II: Financial Statement Analysis: Introduction, Meaning and Concept of Financial
Analysis, Types and Devices of Financial Analysis, Understanding Financial Statements:
Balance Sheet, Income Statement, Common Size Analysis, Trend Analysis, Ratio Analysis,
Dupont Analysis, Industry Average, Comparison with Competitors.
Unit III: Fund Flow and Cash Flow Analysis: Analysis of Fund flow Statement, Cash
flow statement and Ratio Analysis. Financial Ratios as perceived by Commercial Banks,
Corporate Controllers, Forecasting Financial Failure; Ratio Analysis in Special Industries:
Banks, Utilities - Transportation, Insurance, Real Estate Business.
Unit IV: Cost of Capital: Cost of Debt and Preference; Cost of Equity and Retained
Earnings; Weighted Average Cost of Capital; Divisional and Project Cost of Capital; Cost of
Capital in Practice.
Unit V: Capital Structure: Introduction, Factors Affecting Capital Structure, Capital

Structure Theories – Net Income Approach, Net Operating Income Approach, MM
Approaches I & II, Traditional Approach, Optimal Capital Structure.
Unit VI: Current Contours (for Continuous Internal Assessment Only): Contemporary
Developments Related to the Course during the Semester Concerned.
Weightage: Problems-50% and Theory – 50%
15
Reference:
Books:
1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition,
Profile Books Limited, London.
2. Raymond Brooks, 2015, Financial Management: Core Concepts, 3rd Edition, , Pearson
Education., India.
3. Ross, Westerfield, and Jordan, 2011, Fundamentals of Corporate Finance, 10th Ed., Tata
McGraw Hill, New Delhi.
4. Prasanna Chandra, 2011, Financial Management: Theory and Practice, 8th Ed., Tata
5. Brigham, Gapenski, Ehrhardt, 1999, Financial Management: Theory and Practice, 9th
Ed., Dryden Press, New York.
6. Ravi M. Kishore, 2009, FinancialManagement, 7th Ed., Taxmann’s Publication, New
Delhi
7. Pandey, I.M.,2006, Financial Management, 9th Ed., Vikas Publishing House,New Delhi
8. Charles H. Gibson, 2001, Financial Reporting and Analysis, 8th Ed., South Western
College Publishing. New York
9. Wild, Bernstein, and Subramanyam, 2001, Financial Statement Analysis, 7th Ed.,
McGraw Hill International, New Delhi.
10. John. R. Boatright, 2014, Ethics in Finance, John Wiley & Sons, UK.
Online Reference:
1. MOOC Material: Accounting and Finance (edX), Created by: Indian, Delivered by:EdX,
Taught by:MS Narasimhan.
2. Swayam Course Material: Financial Management, Created by Vanitha Tripathi, Delhi

University.
3. Study.com Study Material: Principles of Finance.
4. NPTEL Course Material: Course Name: Construction Economics & Finance, Module:
Financial Management, Course Co-ordination: IIT Guwahati.
16
FMCC1- ACCOUNTING FOR DECISION MAKING
Course Aim: This programme is designed to provide high quality education in theoretical and
practical knowledge and skills in various aspects of accounting for those who wish to pursue or
further advance their careers in business.
Course Outcomes: On completion of the course, the students will be able to

1. Analyse and interpret management information and to make decisions based on the
information available
2. Evaluate financial data utilizing various financial statement analysis
3. Understand and apply the theoretical aspects of accounting methods used for collecting,
recording and reporting financial information
4. Describe the underlying theories of modern accounting and describe the conceptual
framework of accounting
5. Understand the types of costing and budgeting, and
6. Understand about the International accounting standards and Indian accounting
standards
Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential Learning,
Participative Learning, Case Study Method and Problem Based Learning
Unit I: Introduction to Financial Accounting: Accounting principles-concepts and

conventions- Journal – Ledger – Trial Balance – Adjustments – Final accounts of a Sole Trader
- Profit and Loss Account - Balance Sheet- Company Final Accounts as per the New
Companies Act Schedule III - International Accounting Standards and Indian Accounting
Standards-Indian GAAP– IFRS – Emissions Trading and Accounting of Carbon Credits.
Unit II: Cost Accounting: Difference between Management Accounting and Financial
Accounting - Definition and Scope of Cost Accounting - Significance and Limitations of cost
accounting - Cost Classification - Cost Sheet - Methods of Costing - Process Costing - Job
Costing
Unit III: Management Accounting: Definitions – Scope - Significance and Limitations -

Marginal Costing - Cost-Volume-Profit Analysis - Break Even Analysis-Profit planning -
Decisions Regarding Sales Mix - Make or Buy decisions – Problem of key factor
Unit IV: Standard Costing and Budgetary Control: Standard Costing - Variance Analysis-
Material and Labour Only- Budgets and Budgetary Control - Classification of Budgets –
Functional Budget – Production, Sales, Raw Materials Purchase and Cash Budget - Flexible
Budgeting - Zero Based Budgeting.
Unit V: Recent Trends in Cost Accounting: Value Chain Analysis - Quality Costing – Target
costing-Life Cycle Costing-Kaizen costing-Activity Based costing.
17
Weightage in the Question Paper : Theory – 40% and Problems-60%
Reference:
Books:
1. Larry M. Walther, 2018, Financial Accounting, CreateSpace Independent Publishing
Platform, Luxemberg.
2. M.C. Shukla, T.S. Grewal and S.C. Gupta, 2015, Advanced Accounting, S. Chand & Co.,
New Delhi
3. R.L. Gupta & M. Radhasamy, 2014, Advanced Accounting, 17th Edition, Sultan Chand &
Sons.New Delhi
4. Arora, M.N., 2012,A Text Book of Cost Accountancy, 10th Ed., Vikas Publishing House,
New Delhi.
5. SP Jain KL Narayan,2016, Cost Accounting Principles and Practices, 25thEd, Kalyani
Publishers, New Delhi.
6.S.N.Maheswari, 2000, Principles of Management Accounting, Sultan Chand & Sons,
New Delhi
7. Pandey, I.M., Management Accounting, 2009,3rd Edition, Vani Publication, Delhi.
8. Asish K Bhattacharyya, 2006, Indian Accounting Standards: Practices, Comparisons, and
Interpretations, Tata Mc-Graw Hill Publishing Company Limited, New Delhi.
9.R.K. Sharma, Shashi K. Gupta, 2016, Management Accounting Principles and Practices,
13th Ed, Kalyani Publishing house, New Delhi.
10. T.P. Ghosh, 2011, Accounting Standards and Corporate Accounting Practices, Taxmann
Publciations, New Delhi.
11.A.N. Sarkar, Emissions Trading and Carbon Management, 2010, First Eidtion, Pentagon
Press, New Delhi.
Online Reference:
1. MOOC Material: Financial Accounting: Foundations (Coursera), Created by:University

of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught by:OktayUrcan.
2. MOOC Material: Accounting for Decision Making (Coursera), Created by:University of

Michigan, Delivered by:Coursera, Taught by:Greg Miller
3. MOOC Material: Financial Accounting: Advanced Topics (Coursera),Created

by:University of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught
by:OktayUrcan
4. Accounting Standards, www.icai.org
18
FMCC2 – CONTEMPORARY BUSINESS COMMUNICATION
Course Aim: To explain the fundamentals, scope and importance of communication in
business, develop individual reading and listening skills of the students and to transform
their communication abilities by honing their oral, written, and non-verbal communication
skills.
Course Outcome: At the end of the Course, the student would be able to
1. Communicate correctly and effectively on matters having relevance to day-today
business operations
2. Develop reading and listening skills among the students
3. Develop effective writings on resumes, and reports
4. Get knowledge on Do’s and Don’ts of Job Interview
5. Act as an effective manager by applying relevant theories to real problems in an
organization, and
6. Effectively organize the office meetings with the practical knowledge in preparing
agenda, circular and minutes of the meeting.

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

Factors Affecting Business Communication - Verbal Communication (Group Discussion,
Business Presentation) – Non Verbal Communication – Body Language.
Unit II : Parts of the Speech - Nouns – Pronouns – Verbs – Adjectives – Adverbs –

Prepositions – Conjunctions – Interjections
Verb Tenses and Voice - Principal Parts of Verbs - Regular and Irregular Verbs - Tenses of
Verbs - Perfect Tenses - Progressive and Emphatic Forms - Consistency of Tenses - Voice of
Verbs - Mood of Verbs
Unit III: Parts of the Sentence - Sample Subjects and Simple Predicates - Complete Subjects
and Complete Predicates - Compound Subjects and Compound Predicates - Order of Subjects
and Predicate – Complements
Unit IV: Written Communication – The Process of Writing - Notice, Agenda and Minutes -
Business Letters – Memorandums – E-mail – Text Messaging – Instant Messaging – Directness
in Good and Neutral Messages - Indirectness in Bad-News Messages
Unit V: Employment Communication: The Job Search - Preparing the Application

Documents - Constructing the Resume - Types of Interviews - Do’s and Don’ts for Interviews -
Oft asked questions – Presentation Skills – Event Management.
Reference:
Books:
1. Barbara G. Shwom, 2018, Business Communication: Polishing Your Professional
Presence, Pearson Education, Noida.
19
2. Peter Hartley and Peter Chatterton, 2015,Business Communication: Rethinking Your
Professional Practice for the Post-digital Age, Routledge,UK.
3. G.S.R.K Babu Rao, 2003,Business Communication and Report Writing, Himalaya
Publishing House,Mumbai.
4. Glencoe Language Arts,2002,Grammar and Composition Handbook, Glencoe McGraw
– Hill, New York .
5. Raymond V Lesikar, Marie E Flatley, Kathryn Rentz and NeerjaPande, 2009, Business
Communication Making Connections in a Digital World, Tata McGraw Hill Education
Private Limited, New York.
6. Scot Ober, 2007,Contemporary Business Communication,(7th Edition), Cengage
Learning Inc., US.
7. Chaturvedi P. D, &MukeshChaturvedi,2011,Business Communication: Concepts,
Cases And Applications, (2nd Edition), Pearson Education, India.
Online Reference:
1. MOOC material: Business Communication (edX) Created by: The University of

British Columbia, Canada, Delivered by: EdX, Taught by: Marlisse Silver Sweeney
2. MOOC material: Business Communication (edX) Created by: Rochester Institute of

Technology, United States, Delivered by: EdX, Taught by: Andrea Hickerson
3. MOOC material: Business Writing (Coursera) Created by: University of Colorado

Boulder,United States, Delivered by: Coursera, Taught by: Dr. Quentin McAndrew.
4. MOOC material: Soft Skills (SWAYAM) Created by: IIT Roorke, Delivered by :
SWAYAM, Taught by: Dr. Binod Mishra.
20
FMCC3 - STRATEGIC MANAGEMENT
Course Aim:
This course is aimed to teach the strategic management, its formulations and its
decisions, besides explaining the strategic implementation.
Course Outcomes: At the end of the course, the student would be able to
1. Get knowledge on the evolution, process, relevance and importance of strategic

management.
2. Analyse the External Environment, Internal Environment, Organization and techniques
of Environmental Analysis.
3. Conduct financial analysis to determine performance of a company vis-à-vis its industry
so as to use it as inputs for creating a portfolio matrix.
4. Interpret qualitative and quantitative information with respect to an organization taken
up for strategic analysis.
5. Reconcile the impact of economic, social, political, and cultural variables which affect a
business operation.
6. Recommend strategies to creatively organize, lead and assume the risks of an
organization.

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

Management - – Evolution of Strategic Management - Conceptual Frame Work – Strategic
Management Process- Relevance and importance of Strategic Management .
Unit – II: Strategy Formulation: Vision, mission, objective and goals formulation –
Importance – External Environment Analysis – Internal Environment Analysis – Organizational
Analysis – Techniques of Environmental Analysis.
Unit- III: Strategic Decisions – Approaches to Strategy Formulation - Strategic Alternatives –

External Growth Strategies – Generic Business Strategies – Corporate Strategies – Choice of
Strategy.
Unit – IV: Strategy Implementation – Issues in Strategy Implementation - Structural

Implementation – Behavioural Implementation - Functional Implementation – Strategic
Evaluation and Control.
Unit – V: Strategic issues in Global business and e-commerce – Managing technology and
innovation – specified types of organization – organizational adoption and change – Michael
Porter’s Competitive Strategy – Competitive Advantage.
21
Reference:
Books:
1. Fred.R.David(2018), Strategic Management Concepts & Cases, Publishing Pearson
Education.
2. Dr.Vijay Pithadia (2014), Strategic Management and Business Policy, Publishing Biztantra.
3. Azhar Kazmi(2008), Business Policy, Tata Mcgraw Hill.
4. Prasad. L. M(2008), Strategic Management, Publishing Sultan Chand & Sons.
5. Praveen Jain (2017) 1st Ed., Strategic Management, Publishing Asia Law House.
Online Reference:
1. MOOC Material: Strategic management, Created by: Copenhagen Business School,

Delivered by: Coursera, Taught by: Robert Austin.
2. MOOC Material: Introduction to Operations Management, created by: Wharton

School of the University of Pennsylvania and University of Pennsylvania via Coursera,
Taught by, Christian Terwiesch.
3. MOOC Material: Foundations of Business Strategy , Created by : University of

Virginia via Coursera Taught by: Michael J. Lenox .
4. MOOC Material: Business Strategy, University of Illinois at Urbana-Champaign via

Coursera, Taught by: Deepak Somaya.
22
FMCC4 – CONTEMPORARY COMMERCIAL BANKING
Course Aim:
On completion of the course, the students shall be able to demonstrate an understanding
of the subject matter and financial environments, in India. Also, the students will critically
examine the salient features of financial system and role of commercial Banking and understand
the regulatory framework, the strengths and weaknesses of some of the regulations.
Course Outcome: The students, at the end of the course, will be able to
1. Compare and contrast all types of regulation of the Commercial Banking Industry.
2. Distinguish and classify all aspects of Commercial Bank Loans.
3. Analyze Asset-Liability Management Techniques and related Hedging techniques.
4. Explain the changes in the Commercial Bank Industry and their effects on industry.
5. Get through the Banking Examinations conducted by various banks.
6. Apply the concepts learned in the day-to-day functioning of the banks.
Unit - I: Fundamentals of Commercial Banking: Definition - Function of Commercial Banks

– Types of Commercial Banking systems –Indian Commercial Banking Structure –
Nationalization of Banks in India: Reasons, Achievements and Critical Evaluation – Financial
Sector Reforms –Consolidation and Competition in the Indian Banking Industry, Role of
Commercial Banks in Financial Inclusion - Subsidiary Services of Banks: Traditional Services
– Contemporary Services Including Cash Management – Digital Banking.
Unit - II: Deposit Mobilization by Commercial Banks: Deposit Mix – Different Types of
Deposits – Factors Affecting Deposit Levels – Individual Customers – Partnership Firms -
Corporate Clients.
Unit – III: Lending and Investment: Lending of Money by Banks – Principles of Sound
Lending –Various Forms of Advances: Cash Credit, Overdrafts, Loans and Purchasing and
Discounting of Bills – Retail Lending by Banks –Housing Loans and Personal Loans: Problems
and Prospects – EMI: Concepts and Computation – Priority Sector Lending.
Unit - IV: Different Types of Securities: Goods – Document of Title to Goods –Life
Insurance Policies – Corporate Securities – Government Securities – Real Estate – Fixed
Deposit Receipts – Bullions – Policy, Procedure and Practices of Lending Against these
Securities.
Unit - V: Modes of Creating Charges: Lien –Pledge –Hypothecation –Mortgage –
Assignment – Documentation in Respect of various types of Borrowers against various types of
Securities - Twin Balance Sheet Problem – Non Performing Assets
Reference:
23
Books:
1. B. Ramachandra Rau, 2018, Present-Day Banking in India, FB & C Limited, London

2. Indian Institute of Banking & Finance,2010, Advance Bank Management Mac Millan.
3. Robert E.Wright, Vincenzo Quadrini ,2009,Money and Banking, Flat WorldKnowledge.
4. Dr.Prem Kumar Srivastava, 2011,Banking Theory & Practice, HPH, Mumbai
5. D.M. Mithani and E.Gordon, 2008,Banking and Financial Systems, HPH, Mumbai
6. Varshney and Sundaram,2010, Banking Theory, Law and Practice, Sultan Chand, New
Delhi
7. M.L. Tannan, 2009,Banking Theory, Law and Practice, Eastern Book Company, UP.
8. N.S. Toor,2011 Hand Book for Banking Information, Skylark Publications, New Delhi.
9. M.J. Aslam, 2010,Legal Aspects of Bank Lending, Asia Law House, Hyderabad.
Online Reference:
1. MOOC Material: Economics of Money and Banking, Created by: Columbia University
Delivered by: Coursera Taught by: Perry G Mehrling.
2. MOOC Material: Just Money: Banking as if Society Mattered (edX), Created by: MIT
and MITx Delivered by: EdX, Taught by: Alice Maggio, J. Phillip Thompson,
KatrinKaeufer, Lafayette Cruise and Lily Steponaitis.
3. MOOC Material: Finance Fundamentals: Financial Services after the Banking Crisis
(FutureLearn), Created by: The Open University, Delivered by: FutureLearn, Taught
by: Martin Upton.
4. MOOC Material: Banking and Financial Markets: A Risk Management Perspective

(edX), Created by: Indian Institute of Management, Bangalore, Delivered by: EdX,
Taught by: PC Narayan.
24
FMEC1 - APPLIED OPERATIONS RESEARCH
Course Aim: The aim of the course is to give students a solid quantitative foundation alongside
practical problem-solving techniques. The course is intended to provide the students with
deeper analytical skills and an understanding of how these are applied to business and
management problems.
Course Outcome: Upon completion of the course, the students will be able to
1. Recognize the importance and value of Operations Research and mathematical
modelling in solving practical problems in industry;
2. Apply quantitative techniques to solve a variety of business problems
3. Understanding of these models should allow you to communicate with persons who run
them and to evaluate the results they present to you
4. Interpret statistical information and be able recognize when meaningful statistics are
being used
5. Formulate a managerial decision problem into a mathematical model; and
6. Understand Operations Research models and apply them to real-life problems; and
Unit I: Time Value of Money: Introduction – Concept and Techniques – Doubling and
Multiple Compounding Periods – Effective Rate of Interest – Future Value of Series of
Payments and Annuity –Present Value of Series of Payments and Annuity – Practical
Applications of Time Value Techniques.
Unit II Linear Programming: Introduction to applications of operations research in functional

areas of management – Linear Programming formulation - solution by graphical and simplex
methods (only simple problems) – Concepts of Duality.
Unit III Transportation: Transportation Models (Minimising and Maximising Problems) –

Balanced and unbalanced Problems – Initial Basic feasible solution by N-W Corner Rule, Least
cost and Vogel’s approximation methods - Check for optimality - Solution by Modified Method
(MODI) / Stepping Stone method - Assignment Models – Types of Assignment Problem -
Hungarian Method.
Unit IV Inventory Models and Decision Theory: Inventory Models – EOQ and EBQ Models
(With and without shortages) - Quantity Discount Models. Decision making under risk –
Decision trees – Decision making under uncertainty.
Unit V: Queuing Theory: Introduction to Queuing Theory – Terminologies of Queuing

System – Empirical Queuing Models.
25
References:
Books:
1. Michael W. Carter and Camille C. Price, 2017, Operations Research: A Practical

Introduction, CRC Press, Florida
2. Yadav .S.R and Malik A. K,2015,Operations Research, Oxford University Press.
3. Paneerselvam R., 2009,Operations Research, Prentice Hall of India, Fifteenth Print.
4. Hamdy A Taha,2004,Introduction to Operations Research, Prentice Hall India, Seventh
Edition, Third Indian Reprint.
5. G. Srinivasan, 2007,Operations Research – Principles and Applications, PHI.
6. Gupta P.K, Hira D.S, 2007,Problem in Operations Research, S.Chand and Co.
7. Kalavathy S, 2004,Operations Research, Second Edition, Vikas Publishing House.
8. Shashi K. Gupta, Sharma. R. K., 2007, Financial Management : Theory and Practice, 3rd
Ed., Kalyani Publishers.
9. Prasanna Chandra, 2001, Financial Management: Theory and Practice, 5th Ed., Tata
McGraw Hill.
10. Pandey, I.M.,2006, Financial Management, 9th Ed., Vikas Publishing House.
Online Reference:
1. Swayam Course Material: Statistics for Business - I, Created by Shankar Venkatagiri,
IIM Bangalore.
2. MOOC Material: Principles of Valuation: Time Value of Money, Created by:

University of Michigan, Delivered by: Coursera, Taught by: GautamKau.
3. MOOC Material: Operations Analytics, Created by: University of Pennsylvania,

Delivered by: Coursera, Taught by: SenthilVeeraraghavan.
4. MOOC Material: Introduction to Operations Research, Created by: Department of

Management Studies IIT Madras, Delivered by: Swayam, Taught by: Dr. G.
Srinivasan.
5. MOOC Material: Introduction to Decision Making, Created by: University of

Michigan, Delivered by: Coursera, Taught by: Scott E. Page
26
FMEC2 – FINANCIAL ECONOMETRICS
Course Aim: The aim of this course is to introduce the main econometric methods and techniques
used in the analysis of issues related to finance and to apply the Simple, Multiple Regression, Auto
Correlation, Heteroskedasticity and Time Series.
Course Outcome: At the end of the Course, the students would be able to:
1. Understand the properties of financial returns.
2. Study the methodology of Econometrics.
3. Formulate models and analyze the properties of models using matrix notation.
4. Forecast the financial variables using the principles of autoregressive time series models.
5. Apply ARCH and GARCH models to predict financial time series which display volatility
clustering and asymmetry
6. Act as the research consultant for analyzing the financial econometric problems.

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

Econometrics - Nature and Scope of Econometrics, Economic and econometric models.
Unit II: Simple and Multiple Regression: Specification of the Relationships, The Method of
Least Squares, Statistical inference, Regression Coefficients, Analysis of Variance, Prediction
with the simple regression model, Outliers, Stochastic regressors, The regression fallacy,
Degrees of freedom and R2.
Unit III: Autocorrelation: The Durbin– Watson test, Estimation, Estimation procedures,
Effect of AR( 1) errors on OLS estimates, Tests for serial correlation and higher- order serial
correlation, Strategies for Significant DW test statistic, Trends and random walks, ARCH
models and serial correlation.
Unit IV: Heteroskedasticity: Detection of heteroskedasticity, Consequences of

heteroskedasticity, Solutions to the heteroskedasticity problem, Heteroskedasticity and the use
of deflators, Testing the linear versus log- linear functional form.
Unit V: Time Series Econometrics: Two methods - Frequency domain and time domain. Strict
stationarity, Weak stationarity, Nonstationarity, Purely random process Random walk, Moving
average process, Autoregressive process, Estimation of AR, MA, and ARMA models, The
Box– Jenkins approach, Trend elimination, R2 measures in time- series models.
27
Reference:
Books:
1. Ilya Molchanov and Francesca Molinari, 2018, Random Sets in Econometrics,
Cambridge University Press, UK.
2. Mukhopadhyay Bidisha, 2015, Applied Financial Econometrics with Cases, Lap
Lambert Academic Publishing
3. Gujarati.D, 2011, Basic Econometrics, 5thEdtion, McGraw Hill, New York.
4. Kelejion, H.H and Oates Wallance, 1981, E,Introduction to Econometrics, Harper and
Row Publishers Inc., New York.
5. Box, G.E.P. and Jenkins, G.M, 1976,Time Series Analysis - Forecasting and Control.
Holden-Day, San Francisco.
6. Johnsdon, J, 1984, Econometric methods, 3rd Ed, McGraw Hill, New York.
7. Maddala, G.S,,KajalLahiri, 2009, Introduction toEconometrics, 4th Edition,John Wiley
and Sons, New York.
8. Wonnacott and Wonnacott, 1970, Econometrics,2nd Ed, John Wiley and Sons, New
York.
9. Brooks, Chris, 2008, Introductory Econometrics for Finance, 2nd Edition,Cambridge
University Press, UK.
10. Peijie Wang, 2009, Financial Econometrics Taylor & Francis Publisher, UK.
Online Reference:
1. MOOC Material: Econometrics: Methods and Applications, Created by: Erasmus

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

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

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

University Rotterdam, Delivered by: Coursera, Taught by: Michel van der Wel,.
28
FMSC1- MANAGEMENT CONCEPTS AND BEHAVIOUR
Course Aim: To understand the nature and scope of management; to know the difference
between management and administration; to understand various levels of management; and to
describe the various skills that are necessary for successful managers.
Course Outcome: The students, after the completion of the course would be able to
1. Understand the historical backdrop and fundamentals of Management thoughts vital for
understanding the conceptual frame work of Management as a discipline.
2. Know various concepts of planning, Decision making and controlling to help solving
managerial problems
3. Get Knowledge on motivation theories
4. Comprehend the theories of management & evolution of management thought
5. Run the business effectively by applying the management theories
6. Act as an effective manager by applying the controlling techniques.
Pedagogical Methods Adopted: Self Learning and Peer learning.
Unit 1: Nature and Process of Management: Meaning, Features, Functions and Importance of
Management, Management as Science, Art and Profession; Managerial Skills, Tasks of
Management, Role of Managers.
Unit II: Planning: Features, Nature, Importance, Benefits, Limitations, Elements, Principles
of Planning, Planning Process.
Strategy: Meaning, Features, Benefits, Limitations and Process of Strategy, Implementation of

Strategies, Levels of Strategy, Environmental Analysis and Diagnosis.
Decision Making: Features, Nature, Process, Types of Decision Making, Approaches to

Decision Making, Techniques of Decision Making, Models of Decision Making.
Unit III: Organizing: Elements, Nature, Process and Importance of Organizing, Organization
Chart, Principles, Advantages, Limitations and Kinds of Organization Chart, Organization
Manuals, Span of Management, Principles of Organizing, Women in Workplace.
Motivation- Meaning, Nature and Importance of Motivation, Approaches to Motivation,
Theories of Motivation.
Unit IV: Directing-Nature, Principles and Importance of Directing, Supervision, Supervisor’s

role, Qualities of Supervisor.
Leadership: Meaning, Elements, Process, Nature and Importance of Leadership, Leadership

Styles, Management and Leadership, Effective Leadership, Qualities of a leader.
Unit V: Controlling: Meaning, Nature, Importance and Types of Control, Resistance to

Control, Ways to overcome resistance to Control, Focus of Control, Control Process, Essentials
of an Effective Control System, Principles of Control.
29
Reference:
Books:
1. Peter Eichhorn and Ian Towers, 2018, Principles of Management: Efficiency and
Effectiveness in the Private and Public Sector, Springer International Publishing,
Switzerland.
2. Stephen P. Robbins, Rolf Bergman, Ian Stagg, Mary Coulter, 2015, Management,(7th
Revised Edition), Pearson Education.India
3. NeeruVashist, 2009,Principles of Management,(3rd Edition),Taxmann Publications, New
Delhi
4.Harold Koontz and Heinz Weirich, 1990, Essentials of Management, (5th Ed.), McGraw
Hill International., New York.
5.Stonier&Wankel, Management,Prentice HallIndia, New Delhi.
6.Peter F. Drucker,2006,Practice of Management, Pan Books, London.
7.Stephen P. Robbins and David A. Decenzo, 2001 Fundamentals of Management,(3rd
Ed.), Pearson Education Asia.
8. E.H. Mc GrathS.J, 2011, Basic Management Skills for all, Six edition.
9. Women in the Workplace, 2017, McKinsey & Company Report.
10. Supriti Bezbaruah, 2015, Banking on Equality: Women, Work and Employment in the
Banking Sector in India, Routledge, Oxen.
Online Reference:
1. MOOC Material: Critical Perspectives on Management, Created by IE Business

School, Delivered by: Coursera, Taught by: Rolf Strom-Olsen .
2. MOOC Material: Managing the Company of the Future, Created by London Business
School, Delivered by Coursera, Taught by: Julian Birkinshaw.
3. MOOC Material: Leadership, Identify, Influence and Power, Created by Macquarie

Graduate School of Management, Delivered by Open2study, Taught by: Randal Tame.
4. MOOC Material: Human Resources, Created by Open Training Institute, Delivered by

Open2study, Taught by: Christina Dahdal.
30
CCMF1 - MUTUAL FUND AND FINANCIAL PLANNING
The detailed syllabus for this course is given in the Regulation and Syllabus for Certification
Course on Mutual Funds
31
FMFC2 - ADVANCED FINANCIAL MANAGEMENT
Course Aim: This course aims to provide the students with the fundamental concepts,
principles and approaches of finance, enable the students to apply relevant principles and
approaches in solving problems of corporate finance and help the students improve their
overall capacities.
Course Outcomes: On the completion of the course, the student would be able to
1. Critically evaluate the impact of financial decisions on the strategic direction of the
organization.
2. Identify and evaluate the exposure of a company to financial risk and the techniques
required to manage this risk.
3. Evaluate complex investment appraisal situations and appreciate the importance of
the cost of capital to the organization and how the capital structure chosen will
impact upon this.
4. Analyse the key strategic financial issues that must be considered in an acquisition
or merger, including valuation of the target company.
5. Act as a Consultant in analyzing the Capital Budgeting of a new business venture.
6. Prepare business proposals by investigating the net present value of capital projects
under conditions of uncertainty.
Unit I: Financial Planning and Capital Budgeting: Introduction and Meaning, Financial
Planning, Sales Forecast, Financial Forecasting Vs Budgeting. Capital Budgeting:
Techniques of Capital Budgeting; Capital Budgeting Process, Project Classification;
Estimation of Project Cash Flows; Risk Analysis in Capital Budgeting; Sensitivity Analysis,
Scenario Analysis, Break-even Analysis, Hiller Model, Simulation Analysis, Decision Tree
Analysis; Corporate Risk Analysis; Managing Risk; Project Selection Under Risk; Risk
Analysis in Practice.
Unit II: Dividend Policy: Types of Dividends; Irrelevance of Dividend; Relevance of

Dividend; Factors Influencing Dividend Policy; Types of Dividend Policies; Dividend
Policies in Practice; Bonus Shares and Repurchase of Shares.
Unit III: Corporate Valuation: Approaches to Valuation: Adjusted Book Value Approach,
Stock and Debt Approach, Direct Comparison Approach and Discounted Cash Flow
Approach, Approaches to Facilitate Value Based Management, Marakon Approach, Alcar
Approach, McKinsey Approach, EVA and BCG approach
Unit IV: Corporate Governance and Executive Compensation: Agency Problem,

Devices to control agency costs, Corporate Governance in the developed countries and in
India; Executive compensation, Employee stock option plan.
Unit V: Performance Measurement and Balanced Scorecard: Rationale for the Current
Focus on Business Performance Measurement, Financial Measures, Non-financial Measures,
Balanced Scorecard, Parta System, Performance Excellence Awards, Divisional Performance
Measurement.
32
Reference:
Books:
1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition,
Profile Books Limited, London.
2. Eugene Brigham, Joel Houston, 2015, Fundamentals of Financial Management, (14th
Edition), Cengage Learning.
3. Prasanna Chandra, 2001 Financial Management: Theory and Practice, (8th Ed.),
4. Ross, Westerfield, Jaffe, 1999 Corporate Finance, (5th Ed.), McGraw Hill.
4. Brigham, Gapenski, and Ehrhardt, 1999 Financial Management: Theory and
Practice, (9th Ed.,) Dryden Press.
5. Pandey, I.M., 2006,Financial Management, Vikas Publishing House.
6. Vishwanath, S.R., 2000 Corporate Finance: Theory and Practice, Response Books.
7. Fred J. Weston, Kwang S. Chung, and Susan E. Hoag, 1997,Mergers, Restructuring and
Corporate Control, Prentice Hall of India.
Online Reference:
1. MOOC Material: Accounting: Making Sound Decisions Created by: IESE Business
School, Delivered by: Coursera, Taught by: Marc Badia
2. MOOC Material: Construction Cost Estimating and Cost Control, Created by: Columbia
University, Delivered by: Coursera, Taught by: Ibrahim Odeh.

University.
33
FMCC5 - FIXED INCOME SECURITIES MARKET
Course Aim: The course aims to help the students to develop a solid understanding of bond and
bond markets and to provide the students with concepts and methods about those widely used in
practice.
Course Outcomes: At the end of the course, the student would be able to
1. Describe and interpret the general features of fixed income securities and understand the
basic operations of fixed income markets.
2. Identify and distinguish between the different types of fixed income securities.
3. Make use of analytic tools in bond portfolio management and interest rate risk management;
4. Identify various sources of credit risk and apply structural models to estimate the risk.
5. Apply skills in valuing fixed-income securities and interest rate sensitive products.
6. Act as a consultant to suggest the various types of short and long-term debt instruments
available to firms to meet financing needs.
Unit-I: Fixed Income Securities Market: Introduction – Meaning and Types of Fixed Income
Securities – Features of Fixed Income Securities.
Debt Instrument Features and Classification: Modifying the Coupon, term to maturity,
principal repayment of a Bond, Asset backed securities, Indian Debt Markets Profile: Market
Segments, Participants in the Debt Markets, Secondary Market for Debt Instruments
Unit-II: Money Market Fixed Income Securities: Call Money Market: Volumes,
Participants in the Call Money Market, Call Rates. Commercial Paper & Certification of
Deposits: Guidelines for issue of CP Issue, Growth in the CP Market, Certificate of Deposits.
Repos: Definition, Repo rate, Advantages, Calculation of amount settlement in Repo
transactions, Repo Accounting. Treasuary Bills: Issuance Process, Cut off yields, Investors in
T-Bills, Secondary Market activity in T- Bills.
Unit-III: Capital Market Fixed Income Securities: Central Government Securities Bond:
Introduction, Developments Expected, G-Sectors: Trends in Volumes, Tenor and Yields,
Primary Issuance Process, Participants in Government Bond Markets, Primary Dealers, Satellite
Dealers, Secondary Markets for Government Bonds, Settlement of Trades in G-sec. Corporate
Bonds: Market Segments, Issuance process, Book Building, Terms of Debenture Issue, SEBI
Guidelines on Corporate Debt Issue, Credit Rating.
Unit-IV: Valuation of Bonds: Bond Characteristic, Bond Prices, Bond Yields, Risks in Bonds,
Rating of Bonds, The Yield Curve, Explaining the Term Structure, Determinants of Interest
Rates, Analysis of Convertible Bonds, YTM, Duration
Unit-V: Fixed Income Derivatives: Meaning, Mechanics of Forward Rate Agreements,

Interest Rate Futures, Interest Rate Swaps, Guidelines on Exchange Traded Interest Rate
Derivatives.
34
Reference:
Books:
1. Jusi Klemela, 2018, Non Parametric Finance, John Wiley & Sons, USA.
2. Saied Simozar, 2015, The Advanced Fixed Income and Derivatives Management
Guide, John Wiley & Sons.
3. S.L.Gupta, 2006, Financial Derivatives (Theory, concepts and Problems), 1st Ed.,
Prentice Hall of India.
4. NCFM, FIMMDA Module
5. Moorday Choudhry, 2001, Bond Market Securities, 1st Ed., Pearson Education.
6. Donald E.Fisher and Ronald J.Jordan, 2000, Security Analysis and Portfolio
Management, 6th Ed., Prentice Hall of India.
7. Prasanna Chandra, 2006, 2nd Ed., Investment Analysis and Portfolio Management, Tata
McGraw Hill International.
8. Suresh Sundaresan, 2002, 2nd Ed., Fixed Income Markets and their Derivatives,
Thomson Southern Western.
Online Reference:
1. MOOC Material: Finance for Everyone: Values, Created by: McMaster University,
Delivered by: Coursera, Taught by: Arshad Ahamed.
2. MOOC Material: Finance for Everyone: Debt, Created by: McMaster University,
3. MOOC Material: Portfolio and Risk Management, Created by: University of Geneva,
Delivered by: Coursera, Taught by: Tony Berrada and others.
4. MOOC Material: Introduction to Investments, Created by: IIM Bangalore, Delivered

by: edX, Taught by: S.G. Badrinath.
35
FMCC6- WORKING CAPITAL MANAGEMENT
Course Aim: The course helps to appraise students with the importance of working capital and
the techniques used for effective working capital management and to manage the components of
working capital like cash, receivables, inventory and payables.
Course Outcomes: At the end of the Course the student would be able to
1. Understand the importance, components and factors influencing working capital
management.
2. Assess the various sources of financing of current assets, and
3. Evaluate comparative working capital management policies and their impact on the
firm's profitability, liquidity, risk and operating flexibility.
4. Formulate appropriate working capital management policies to achieve corporate
objectives.
5. Apply corporate cash management, accounts receivable management, bank relations,
and inventory management techniques to maximize the share holders' value, and
6. Write a plan for a balanced integration of cash, credit and other short-term topics and
policies.

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

Working Capital, Factors Influencing the Requirements of Working Capital, Risk-return Trade-
off, Profitability-Liquidity tangle. Estimating Working Capital Requirements: Operating Cycle
Method, Percent of Sales Method. Role of finance managers in working capital management.
Unit II: Financing Current Assets: Different approaches to financing current assets:
Conservative, aggressive and matching approach, Sources of finance, Spontaneous source,
Trade credits, Short term bank finance, Commercial papers and Public deposits, Committees on
working capital finance. Factoring.
Unit III: Cash Management: Importance, The right proportion, Factors influencing cash
balance, Determining optimum cash balance, Cash Budgeting, Controlling and monitoring
collections and disbursements, Cash management models.
Unit IV: Receivables and Payables Management: Credit Policy variables, Credit Standards,
Credit period, Cash discount and collection efforts. Credit Evaluation, Credit Granting
Decision, Control of Receivables, Management of Trade Credit in India, Payables Management.
Unit V: Inventory Management: Need for inventories and the importance of its
management, Techniques for managing inventory, Order Quantity, E.O.Q. Model, Order Point,
Safety Stock, Analysis of Investment in inventory, Selective Inventory Control, A.B.C.
analysis. Bills Payable Management
36
Reference:
Books:
1. John Tennent, 2018, The Economist Guide to Financial Management 3rd Edition, Profile
Books Limited, London.
2. R.K. Gupta and Himanshu Gupta, , 2015, Working Capital Management & Finance, (1st
Edition), Notion Press, Chennai.
3. Prasanna Chandra, 2004, Financial Management - Theory and practice, 5th Ed. Tata
McGraw Hill, New York.
4. Hrishikes Battacharya, 2001, Working Capital Management: Strategies and Techniques,
Prentice Hall of India, New Delhi.
5. Pandey I.M, 2005, Financial Management, Vikas Publishing House, New Delhi.
6. Joshi, R.N., 1999, Cash Management, New Age International Publishers.
7. Ramamurthy V.E.,1976, Working Capital Management, IFMR Publication, Chennai.
Online Reference:
1. MOOC Material: Accounting and Finance (edX), Created by: Indian, Delivered by:EdX,
Taught by:MS Narasimhan.

University.
3. Study.com Study Material: Principles of Finance.
37
FMCC7 - INSURANCE PRODUCTS AND MANAGEMENT
Course Aim:
This course aims to appraise the students the importance of Insurance products and
management, type of insurance products and explain the strategic planning required in the
insurance business.
Course Outcomes
The students at the end of the course will be able to
1. Understand the concepts relating types of business, personal risks, and significance
of risk management function within business organizations.
2. Acquaint the basic knowledge of the insurance products and methods of risk
management found in strategic planning.
3. Get knowledge on some basic principles of insurance buying, with an emphasis on
how to develop a strong insurance and financial estate planning program.
4. Understand the factors influencing the key functioning of insurance organizations
insurable interest, role of riders in insurance policies and schemes.
5. Get through the Examinations conducted by Insurance Regulatory Development
Authority of India.
6. Act as an Insurance Agent by applying the concepts.
Unit I: Principles and Practice of Insurance-Introduction to Risk and Insurance, Types

of Insurance-General and Life, Basic principles of General and Life Insurance,
Insurance contracts-Regulations on investments, insurance funds with respect to
shareholders funds and policy holders funds-costing and pricing of insurance
products.
Unit II: General insurance products, underwriting concepts, standard conditions

and warranties with respect to Fire, Marine, Motor, Engineering and Miscellaneous
products;
38
Unit III: Life insurance products, premium plans, social security schemes, pension
policies, group insurance schemes and financial gerontology of superannuating
policies-Principles of Actuarial valuation
Unit IV: Risk Management and Reinsurance: Economics of insurance; Managerial

aspects of risk management; Reinsurance-legal principles and methods of
reinsurance
Unit V: Business Strategic Planning and Information Technology: Management

of insurance companies, challenges of globalisation and business process
reengineering; Application of IT in insurance business, system controls, data
warehousing, application of ERP for insurance companies, Customer relation
management and supply chain management; Business Strategies in product
formulation, information marketing & advisory, distribution, reinsurance and
servicing.
Reference:
Books:
1. John C. Hull, 2018, Risk Management and Financial Institutions, 5th Edition,
John Wiley & Sons, New Jersey.
2. Agarwal, OP, 2017, Banking & Insurance, 4th Ed., Himalaya Publishing House,
Mumbai
3. George E Rejda, 2008, Principles of Risk Management & Insurance, 10th Ed.,
Pearson Education, New Delhi
4. Balachandran S., General Insurance, Insurance Institute of India, Mumbai
5. Arthur C., William Jr., Michael Smith, Peter Young, 1998, Risk Management and
Insurance, 8th Ed., Tata McGraw Hill Publishing Company, New Delhi
6. Tripathy Nalini Prava & Prabir Pal, 2006, Insurance Theory & Practice, 2nd Ed.,
Prentice Hall of India Pvt. Ltd., New Delhi
7. Balachandran S, 2004, Life Insurance, Insurance Institute of India, Mumbai.
Online Reference:
39
1. MOOC Material: How to Save Money: Making Smart Financial Decisions (edX),
Created by: University of California, Berkeley, Delivered by: EdX, Taught by: Terrance
Odean.
2. MOOC Material: Finance for Everyone: Decisions, Created by: McMaster University,
3. MOOC Material: Finance for Everyone: Markets, Created by: McMaster University,
4. MOOC Material: Financial Planning for Young Adults, Created by: University of
Illinois, Delivered by: Coursera, Taught by: Nicholas Paulson.
40
FMEC3 – MANAGERIAL ECONOMICS
Course Aim: The aim of this course is to study the application of analytical tools and
microeconomic concepts and to corporate resource allocation, demand and cost determination,
industry positioning, and to explain the pricing mechanisms.
Course Outcome: On completing the course, the student would be able to

1. Provides knowledge, tools and techniques to make effective economic decisions under
conditions of risk and uncertainly.
2. Determine the factors such as demand and production for pricing criteria.
3. Intends the understanding of various economics, social, legal and other factors that
influence business in India.
5. Analyse the demand and supply conditions and assess the position of a company
6. Design competition strategies, including costing, pricing, product differentiation, and
market environment according to the natures of products and the structures of the markets.
7. Analyse real-world business problems with a systematic theoretical framework, and
8. Make optimal business decisions by integrating the concepts of economics, mathematics
and statistics.

Unit I: Introduction: Nature and Subject Matter of Economics - Classical and Modern View -
Robin’s Contribution and its Critical Estimate - Economics as Positive Science, Normative
science, Applied Science and Arts - Micro and Macro Economics - Relation of Economics with
business.
Unit II: Producer Behaviour: Market – Demand and Supply – Determinants – Market
Equilibrium – Elasticity of Demand and Supply – The Scope of Business Economics to
Problems of Production - Laws of Returns and their Casual and Effectual Significance -
Analysis of Cost – Short-run and Long-run Cost Function – Relation between Production and
Cost Function.
Unit III: Product and Factor Market: Product Market – Perfect and Imperfect Market –
Different Market Structures – Firm’s Equilibrium and Supply – Market Efficiency – Economic
Costs of Imperfect Competition – Factor Market – Land, Labour and Capital – Demand and
supply – Determination of Factor Price – Interaction of Product and Factor Market – General
Equilibrium and Efficiency of Competitive Markets.
Unit IV: Macro Economics: National Income and Economics welfare - Relation Between Size
and Distribution of National Income and Economic Welfare - Business cycles - Theories of
Business Cycle - The Problem of Unified Theory of Business Cycle
Unit V: Supply and Role of Money: Keynsian Theory of Employment - The Problem of Full
Employment - Unemployment and its impact – Okun’s law – Inflation and the Impact –
Reasons for Inflation – Inflation Vs Unemployement Tradeoff – Phillips curve –Supply side
Policy and management- Money market- Demand and supply of money – money-market
equilibrium and national income – the role of monetary policy.
41
References:
Books:
1. Dominic Salvatore, 2018, Managerial Economics in a Global Economy, 1st Edition,
Oxford University Press, New Delhi.
2. Luke Froeb, Brian McCann, Michael Ward, Mike Shor, 2015, Managerial Economics, 4th
Edition, Cengage Learning, United States.
2. Paul A. Samuelson and William D. Nordhaus, 2005, Economics, 18th edition, Tata McGraw
Hill, New York.
3. William Boyes and Michael Melvin, 2005, Textbook of Economics, Biztantra, New Delhi.
4. N. Gregory Mankiw, 2007 Principles of Economics, 3rd edition, Thomson learning, New
Delhi.
5. Richard Lipsey and Alee Charystal, 2008, Economics, 11th edition, Oxford University
Press, New Delhi.
6. P.L.Mehta, 2007, Managerial Economics- Analysis, Problems and Cases, 13th Edition,
Sultan Chand & Sons, New Delhi.
7. Joel Dean, 1972, Managerial Economics, Prentice Hall of India, New Delhi.
Online Reference:
1. Swayam Course Material: Managerial Economics, Created by Bhanu Muthy, Delhi

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

Institute of Management, Bangalore, Delivered by:EdX, Taught by:Subhashish Gupta
3. MOOC Material: Econ-1: Principles of Economics (Stanford Online), Created
by:Stanford University, Delivered by:Lagunita Stanford Online, Taught by:John B.
Taylor
4. MOOC Material: Principles of Economics with Calculus (edX), Created by:Caltech,
Delivered by: EdX, Taught by: Antonio Rangel
42
FMEC4- I.T. LAB AND PACKAGES FOR BUSINESS
Course Aim: This course will help students to understand the essential elements of computer
hardware and software. It introduces common computer applications including Word and Excel.
This course also aims to provide practical training to the students in the areas like Word, Excel
and Accounting Software Package.
Course Outcomes: At the end of course the student would be able to
1. Apply computer resources for use in business and academics.
2. Understand the basic concepts of Cloud Computing
3. Demonstrate the effective use of search engines to find reliable and relevant internet
resources.
4. Construct business and academic documents using Microsoft Word.
5. Use MS Office software applications in particular MS Excel and MS Access to solve
business problems. Students will need to apply their analytical skills, and
6. Prepare the computerized accounting for inventory, payroll and GST.
Unit I: Cloud Computing: Overview, Applications, Intranet and the Cloud, First Movers on
the cloud, the need for Cloud Computing, Benefits of cloud Computing, Limitations of the
Cloud Computing, security concerns and regulatory issues, over view of different cloud
computing applications which are implemented, Business case for implementing a Cloud.
Unit II: Ms-Word: Introduction – Getting Started MS Word 2007 - Microsoft Office Button –
Quick Access Toolbar – Working with Documents – Page Formatting – Macros.
Unit III: MS-Excel: Introduction – Getting Started MS Excel 2007 – Spreadsheets – Microsoft
Office Button – Ribbon – Quick Access Toolbar – Creating a Work Book – Data – Modifying a
Worksheet – Calculations – Relative, Absolute and Mixed References – Formatting Work
Book.
Unit IV: Accounting Software Packages: Computerized Accounting Vs Manual Accounting -

Introduction to Tally – Accounting Information – Vouchers - Purchase/Sales Orders and
Invoices - Reports
Unit V: Inventory Accounting Using Software Package: – Inventory Information – Pure

Inventory Vouchers – Basic of GST – Overview of GST Law – GST Accounting Entries- Tax
Deduction at Source - Pay Rolls.
Marks: CIA – 25 and ESE – 75 (Out of 75, 45 marks for written and 30 marks for
practical)
(The ESE Theory Examination would be conducted for 75 marks and converted for
45 marks)
43
Reference:
Books:
1. Tally Education Private Limited, 2018, Official Guide to Financial Accounting using
Tally ERP 9, 4th Edition, BPB Publications, New Delhi.
2. Anthony T Velte, Toby J Velte, Robert Elsenpeter, 2009, Cloud Computing a practical
approach, 1st Edition, Tata McGraw – HILL
3. Michael Miller, 2009, Cloud Computing - Web Based application, 1st Edition, Pearson
Education.
4. Alexis Leon, Mathews Leon, 2013, Computer Applications in Business, Vijay Nicole
Imprints Private Limited, Chennai.
5. Sanjay Saxena, 2011, MS Office 2007 in a Nutshell, Vikas Publishing House, New Delhi.
6. Namrata Agrawal, 2011, Tally 9, Dream Tech Press, New Delhi.
7. Parameswaran, R, 2012, Computer Applications in Business, Sixth Edition, Sultan Chand
& Company Ltd, Chennai.
8. Tally accounting packages work notes (2015).
9. Vinod Kumar, GST Made Easy E-Book, Accounting Education,
10. K. Chaudhry, (2017), Tally ERP – 9 Made EasyGlobal Book Shop, New Delhi.
Online Reference:
1. MOOC Material: Mastering Data Analysis in Excel, Created by: Duke University,
Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg
2. MOOC Material: IT Fundamentals for Business Professionals: Enterprise systems,

Created by: UPValenciaX, Delivered by: edX, Taught by: Jaime Busquets
3. MOOC Material: Cloud Computing Concepts, Created by: University of Illinois,

Delivered by: Coursera, Taught by: Indranil Gupta.
4. MOOC Material: Excel Skills for Business: Essentials, Created by: Macquaire,
Delivered by: Coursera, Taught by: Yvonne Breyer.
44
FMSC2 - BUSINESS ENVIRONMENT
Course Aim:
The aim of this course is to expose the students to various environment factors related to the
business, develop students’ understanding of the strategic issues and dilemmas that managers
and organizations face when conducting business in an international setting and to give students
exposure to real-world examples of situations in which these issues manifest themselves.
Learning Outcome: At the end of the course, the learners will be able to
1. Understand the competitive and political environment facing businesses.
2. Know the impact of the macro-economic environment on business.
3. Understand the influence of the global economy on business.
4. Analyse the impact of socio-cultural influences and technology on business decisions.
5. Apply the techniques such as Clean Technology, Clean Energy and Carbon footprint in
their own business.
6. Venture into new business and run it successfully with the clear understanding aboput
the business environment.
Unit I: Business Environment: Dynamic factors of environment – Importance of scanning the

environment – Fundamental issues captured in PESTLE– Political, Economic, Socio-cultural,
Technological, Legal and Ecological environment- Opportunities and Threats as environmental
issues to address by Businesses- Policy Environment: Liberalization, Privatization and
Globalization (LPG) - Efficiency and Competition- LPG vis-a-vis Strengths, Weaknesses,
Opportunities and Threats.
Unit II: Political Environment: Government and Business – Political Systems, Political
Stability and Political Maturity as conditions of business growth- Role of Government in
Business: Entrepreneurial, Catalytic, Competitive, Supportive, Regulative and Control
functions- Government and Economic planning: Industrial policies and promotion schemes –
Government policy and MSME – Interface between Government and Public sector - Good
Governance and Great Environment.
Unit III: Economic Environment: Phase of Economic Development and its impact- GDP
Trend and distribution and Business opportunities- Monetary System and Business capital:
Quantum, Types, Risk and Cost- Role of Banks; Role of Financial Institutions- Role of Central
Bank- Fiscal System: Government Budget and Taxation Measures- Fiscal Deficits and
Inflation- FDI and Foreign collaboration –Foreign Capital tapping by businesses- Export-Import
policy – Foreign Exchange and Business Development.
Unit IV: Social and Technological Environment: Societal Structure and Features-
Entrepreneurial Society and its implications for business – Social and cultural factors and their
implications for business- Technology Development Phase in the Economy as conditioner of
Business opportunity- Technology Policy- Technology Trade and transfer- Technology Trends
in India- Role of Information Technology – Clean Technology.
45
Unit V: Legal Environment: Legal Environment as the all enveloping factor from inception,
location, incorporation, conduct, expansion and closure of businesses- Legal Aspects of
Entering Primary and Secondary Capital Markets- Law on Patents- Law on Consumer
Protection- Law on Environmental Protection- Need for Clean energy and Reduction of Carbon
footprint.
Reference:
Books:
1. Ferrera, Alexander, Kirschner, Wiggins, and Darrow, 2018, The Legal and Ethical Environment of
Business: An Integrated Approach, 2nd Edition, Wolters Kluwer, New York.
2. Steiner & Steiner,2008, Business, Government and Society: A Managerial Perspective, McGraw-Hill,New
York.
3. C.B.Gupta, 2016, Business Environment, S.Chand and Co. New Delhi.
4. Mohinder Kumar Sharma, 1990, Business Environment in India, South Asia Books.
5. Francis Cherunilam, 2015, International Business Environment, Himalaya Publishing House,
Mumbai.
6. Adhikary M, 2004, Economic Environment of Business, Sultan Chand & Sons, New Delhi.
7. Amarchand D, 1991, Government and Business, Tata Mc-Graw Hill Publications.
Online Reference:
1.MOOC Material: Understanding Modern Business & Organizations (FutureLearn), Created

by: University of Strathclyde, Delivered by:FutureLearn, Taught by: Viktor Dorfler.
2. MOOC Material: International Business Environment and Global Strategy(edX),Created

by: Indian Institute of Management, Bangalore, Delivered by:EdX, Taught by: Sushil
Vachani.
3. MOOC Material: The Global Business Environment: Evolution and Dynamics, Created
by: Coventry University, Delivered by: Future Learn, Taught by: Abdoulie Sallah
4. MOOC Material: International Environmental Law, Created by: University of California,

Delivered by: World Mentoring Academy, Taught by: Cymie Payne.
46
CCMF2 - MUTUAL FUNDS: THE REGULATORY FRAMEWORK
The detailed syllabus for this course is given in the Regulation and Syllabus for Certification Course
on Mutual Funds
47
FMFC3- SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
Course Aim: The course aims to advance the understanding of fundamental concepts of
finance, financial markets and market participants, valuation techniques of financial
instruments, and working knowledge of portfolio management
Course Outcome: At the end of the Course, the student would be able to
1. Understand the basic structure and working of primary and secondary financial markets in
India and conversant with computation of risk and return measures for financial instruments.
2. Maintain ethical standards in stock market investment.
3. Use valuation models to estimate the value of stocks, bonds, and derivative instruments.
4. Analyse individual companies as to their financial condition, growth prospects, and relative
valuation.
5. Get through the Qualifying Examinations conducted by BSE and NSE to work in Securities
Market.
6. Recommend the various alternatives available for investment to the prospective investors

Unit I: Investments – Investment vs. Speculation, Investment Process, Investment categories,

Risk and Return, Factors Influencing Risk, Measuring Risk and Return, Valuation of Equity:
Dividend Discount Models, Price/Earnings Approach, Introduction to Green Investing.
Unit II: Fundamental Analysis: Economic analysis: Key Macroeconomic Factors. Industry
analysis: Industry Life Cycle Analysis, Analysing the Structure and Characteristics of an
Industry, Profit Potential of Industries. Company Analysis: Analyzing the Financial Statements,
The Chemistry of Earnings, Forecasting via the Earnings Model, Market Share/Profit Margin
Approach, Independent Forecast of Revenue and Expenses.
Unit III: Technical Analysis: Charles Dow Theory – Trends of Market – Trend Continution
Pattern – Trend Reversal Patterns - Various Price and Volume Indicators; Market Indicators,
Interpretation of various types of trends and indices; Forecasting Individual Stock Performance.
Unit IV: Efficient Market Theory: Random walk, The Efficient Market Hypothesis. Portfolio
Analysis: Effects of combining securities, Markowitz’s Mean- Variance model, Portfolio
Selection: Risk and investor preferences, Constructing the portfolio, Significance of beta in the
Portfolio.
Unit V: Portfolio Management: Portfolio management process, evaluations. Capital Market

Theory: CAPM, Arbitrage Pricing Theory.
Performance Evaluation: Sharpe Index, Treynor Index, Jensen’s Model, Fama.
48
Reference:
Books:
1. Russ Koesterich, 2018, Portfolio Construction for Today’s Markets, 1st Edition, Harriman
House Limited, UK.
2. John Bonner, Marcus Rees, 2015, Portfolio Management, (1st Edition), A Market-Class
guide to Investment Management, Harriman House Limited.
3. Donald E. Fischer and Ronald J. Jordan, 2000 Security Analysis and Portfolio
Management, (6th Ed.), Prentice Hall of India.
4. Prasanna Chandra, 2006, Investment Analysis and Portfolio Management,(3rd Edition).
Tata McGraw Hill International.
5. R.J. Fuller and J.L. Farr elm 1987, Modern Investments and Security Analysis, McGraw
Hill International.
6. Jack Clark Francis, 1976, Investments: Analysis and Management,(2rd ed), McGraw Hill
International.
7. Strong, Robert A, 1993, Portfolio Construction, Management and Protection,(6th ed)
West Publishing Company..
8. Gagari Chakrabarti, Chitrakalpa Sen, 2015, Green Investing: The Case of India, Springer,
London.
Online Reference:
1. MOOC Material: Finance for Everyone: Decisions, Created by: McMaster University,
2. MOOC Material: Finance for Everyone: Markets, Created by: McMaster University,
4. MOOC Material: Introduction to Investments, Created by: IIM Bangalore, Delivered

by: edX, Taught by: S.G. Badrinath.
49
FMCC8 - BUSINESS RESEARCH METHODS
Course Aim: The course aims to give students a broad understanding of research methodology,
including qualitative and quantitative methods. The course also aims to give students skills for
critical reading of research literature and for preparing them to do their main project.
Course Outcomes: At the end of course, the students would be able to
1. Apply a range of quantitative and / or qualitative research techniques to business and
management problems / issues.
2. Prepare a preliminary research design for projects in their subject matter areas
3. Accurately collect, analyze and report data
4. Analyze a set of data, using standard procedures of qualitative and qualitative research.
5. Critically evaluate and interpret information, and
6. Get encouragement to join research degrees.
Unit I: Introduction to Business Research: Meaning – Types of Research – Process of

Research – Research Applications in Business Decisions – Features of a Good Research Study
– Formulation of the Research Problem and Development of the Research Hypotheses –
Research Design: Exploratory and Descriptive.
Unit II: Sampling Methods: Sampling Concepts – Sample Vs Census – Sampling Vs Non
Sampling Error – Sampling Design – Probability Sampling Design – Non- probability Sampling
Design – Determination of Sample Size.
Unit III: Data Collection and Data Processing: Primary and Secondary data – Interviewing –
Questionnaires – Questionnaire Design – Secondary Sources of data collection – Merits and
limitations – Standard Data – Government Department Records – Organisational Records –
Journals – Books – Sources of online data – RBI database – Bloomberg Database – CMIE
database – Capital line Database.
Unit IV: Data Analysis Through Statistical Software: Testing of Hypotheses - Analysis of
Variance – Non-Parametric Test - Multiple Regression & Correlation – Factor Analysis –
Discriminant Analysis.
Unit V: Report Writing: Importance of Report Writing – Types of Research Report – Report
Preparation and Presentation – Report Structure – Report Formulation – Guidelines for
Effective Documentation – Oral Presentation.
Reference:
Books:
1. Mark Easterby – Smith, Richard Thorpe, Paul R. Jackson and Lena J. Jaspersen, 2018,
Management and Business Research, 6th Edition, Sage Publishing.
2. Joseph F. Hair Et al., 2015, Essentials of Business Research Methods, (2nd Edition),
Routledge.
50
3. Deepak Crawl and Neena Sondhi, 2011, Research Methodology – Concepts and Cases,
(2nd ed) Vikas Publishing House.
4. Donald R.Cooper and Pamela S.Schindler, 2000, Business Research Methods,
(6th Ed.), Tata McGraw Hill Publishing Company Limited.
5. D.K. Bhattacharyya, 2003, Research Methodology, (1st Ed.), Excel Books.
6. C.R.Kothari, 2001, Research Methodology, Wishva Prakashan Publication.
7. William G. Zikmund, 2003Business Research Methods,(7th Ed)., Thomson-South-
Western.
8. William M.K.Trochim, 2008, (2nd Ed.), Research Methods, BIZTANTRA.
Online Reference:
1. MOOC Material: Understanding Research Methods, Created by: University of

London, Delivered by: Coursera, Taught by: J. Simon Rofe and Yenne Lee.
2. MOOC Material: Fundamentals of Quantitative Modelling, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Richard Waterman.
Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg.
4. MOOC Material: Introduction to Spreadsheets and Models, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Don Huesman.
51
FMCC9 - FINANCIAL MODELLING
Course Aim: The aim of this course is to develop modelling ability for the aspects viz.,
financial statement analysis, financial planning, principles of valuation, capital structure,
investment management and operations research techniques. This course also aims to provide
practical training to the students in the financial modelling using MS Excel.
Course Outcomes: At the end of this course, students should be able to:
1. Design and construct useful and robust financial modelling applications.
2. Learn and use financial forecasting.
3. Use several of the support tools and techniques in spreadsheet programs.
4. Use and develop spreadsheet based solutions to financial problems.
5. Act as a financial modeller by applying the concepts and principles of financial
modelling.
6. Act as a successful entrepreneur by finding effective business solutions using financial
modelling.
Unit I: Introduction: Meaning- Objectives- Introduction to Design- Features of Model-

Number format – line and border, colour and pattern- Data Validation- Controls- Conditional
formatting – Functions – Graphics –Scenario – Goal Seek.
Unit II: Financial Modelling for Accounting: Analyzing Performance: Profit and Loss,
Balance Sheet, Ratios - Variance Analysis: Cash Flow Budgets, Monthly Cash Model, Flash
Report and Graphics - Breakeven Analysis, Operating Leverage, Financial Leverage, Combined
Leverage – Depreciation: Straight Line, Sum of Digits, Declining Balance, Amortisation,
Comparison.
Unit III: Financial Modelling for Financial Management: Cost of Capital: Capital Asset
Pricing Model, Dividend Growth Model, Cost of Debt, Cost of Preference Shares, Weighted
Average Cost of Capital, Marginal Weighted Average Cost of Capital - Capital Budgeting –
Time Value of Money – Capital Structure.
Unit IV: Financial Modelling for Investment Management: Company Valuation: Assets,
Adjusted Assets, Gordon’s Growth Model, Market-based – Bond: Pricing, Yield Measures,
Duration and Modified Duration, Convexity and Sensitivity, Portfolio Duration – Portfolio
analysis: Determining risk and return, expected portfolio return – Risk Analysis: Risk adjusted
rate, Variation, Standard Deviation, Coefficient of Variation.
Unit V: Financial Modelling for Operations Research: Linear Regression – Forecasting

Models: Historic Forecasts, Trend lines, Data smoothing, Cyclicality and Seasonality – Linear
Programming – Profit Maximisation – Probability concepts – Decision Tree Model.
52
Marks: CIA – 25 and ESE – 75 (Out of 75, 45 marks for written and 30 marks for practical)
(The ESE Theory Examination would be conducted for 75 marks and converted for 45 marks)
Reference:
Books:
1. John S. Tija, 2018, Building Financial Models: The Complete Guide to Designing,
Building, and Applying Projections Models, 3rd Edition, Mc Graw Hill Professional.
2. Alexis Leon, Mathews Leon, 2013, Computer Applications in Business, (15th ed),Vijay
Nicole Imprints Private Limited.
3. Sanjay Saxena, 2011, MS Office 2007 in a Nutshell, (1st ed),Vikas Publishing House.
4. Namrata Agrawal, 2011, Tally 9, (1st ed),Dream Tech Press.
5. Parameswaran, R. 2012, Computer Applications in Business,(6th Edition),Sultan Chand &
Company Ltd.
6. Tally accounting packages work notes.
7. Alastair L.Da., 2008, Mastering Financial Modelling in Microsoft Excel (2nd Edition) A
practitioner's guide to applied corporate finance,
8. Ruzbeth J.Bodhanwala, 2003, Learning Financial Management Using Financial
Modelling, Taxmann Allied Services Pvt. Ltd.
9. Michael Rees, 2018, Principles of Financial Modelling: Model Design and Best
Practices ,wiley publications since 1807.
Online Reference:
Delivered by: Coursera, Taught by: Daniel Egger and Jana Schaich Borg
2. MOOC Material: Fundamentals of Quantitative Modelling, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Richard Waterman.
3. MOOC Material: Introduction to Spreadsheets and Models, Created by: University of

Pennsylvania, Delivered by: Coursera, Taught by: Don Huesman.
4. MOOC Material: Data, Models and Decisions in Business Analytics (edX), Created by:
Columbia University ColumbiaX, Delivered by: EdX Taught by: Costis Maglaras and
Vineet Goyal.
53
FMCC10- FINANCIAL SERVICES AND MARKETS
Course Aim: This course aims to describe and apply financial concepts, theories, and tools
relating to financial markets and financial institutions.
Course Outcomes: The students, after completing this course, would be able to
1) Understand the role, scope and growing contribution of financial services in the service
sector of the economy.
2) Critically examine the position of Indian Financial System.
3) Understand the procedure and guidelines for new issue.
4) Comprehend the recent developments in the secondary market.
5) Start the business by utilizing the appropriate financial services.
6) Analyse the new issues made in the equity and debt.

Unit-I: Indian Financial System: Functions of the Financial System – Financial Concepts –
Financial Assets – Financial Intermediaries – Financial Markets Classification – Financial Rates
of Return – Financial Instruments – Development of Financial System in India – Legislative
Support – Weakness of Indian Financial System.
Unit-II: New Issues Market: Meaning and Advantages– New Issue Market and Stock
Exchange – Functions – General Guidelines for New Issue – Methods of Floating – Players –
Recent Trends.
Secondary Market: Stock Exchanges – Listing of Securities – Registration of Stock Brokers –
Method of Trading in Stock Exchange – Defects of Capital Market – Recent Developments.
Unit-III: Merchant Banking: Definition, Origin of Merchant Banking – Merchant Banking in

India - Merchant Banks and Commercial Banks – Services of Merchant Banks – Qualities
required for Merchant Bankers – Guidelines – Market Making Process – Progress, Problems
and Scope of Merchant Banking in India.
Mutual Fund: Meaning, types, SIP, functions, advantages, private and public sector mutual
funds, growth of mutual funds in India.
Unit-IV: Leasing financing: Definition, Steps, Types, History and Development of Lease
Finance – Legal Aspects – Contents of Lease Agreement – Accounting Treatment of Lease –
Structure, Problem and Prospects of Leasing Industry.
Hire Purchase: Features - Legal Position – Hire Purchase and Installment Sale – Hire Purchase
and Leasing – Origin and Development – Banks and Hire Purchase Business – Bank Credit.
Unit-V: Factoring: Discounting – Meaning, Functions, Types, Cost and Benefit of Factoring –
Factoring in India and Abroad - Credit Rating: Mechanism, Role of CRISIL and other
institutions – Business Process Outsourcing in Financial Sector.
Reference:
Books:
54
1. Sundar Sankaran, 2018, Indian Mutual Funds Handbook, 5th Edition, Vision Books Private
Limited, New Delhi.
2. Keith Dickinson, 2015, Financial Markets Operations Management,1st edition, John
Wiley & Sons.
3. Gordon and Natarajan, 2001, Financial Markets and Services, 2nd edititon, Himalaya
Publishing House.
4. Jeff Madura, 2001, Financial Markets and Institutions, 5th Edition, South-Western College
Publishing.
5. Vasant Desai, 2017, The Indian Financial System, 5th Edition, Himalaya Publishing House.
6. Varshney P.N., and D.K. Mittal, 2000, Indian Financial System, 2nd Edition, Sultan Chand
& Sons.
7. Bhole L.M, 1999, Financial Institutions and Markets, 3rd Edition, Tata McGraw Hill,
8. Khan, M.Y, 1998 Financial Services,7th Edition, Tata McGraw Hill.
Online Reference:
2. MOOC Material: Global Financial Markets and Instruments, Created by:Rice

University, Delivered by: Coursera, Taught by: Arzu Ozoguz.
3. MOOC Material: Financial Markets, Created by: Yale University, Delivered by:
Coursera, Taught by: Robert Shiller.
4. MOOC Material: FinTech and the Transformation in Financial Servcies, Created

by: Cophenhagen Business School, Delivered by: Coursera, Taught by: Jonas
Headman and Stefan Henningsson.
55
FMCC11 - MANAGEMENT INFORMATION SYSTEMS
Course Aim: The aim of this course is to introduce the students to the Management
Information Systems and its application in organizations. The course would expose the students
to the managerial issues relating to information systems and help them identify and evaluate
various options in Management Information Systems.
Course Outcomes: The students at the end of the course would be able to
1. Describe the role of information technology and information systems in business
2. Record the current issues of information technology and relate those issues to the firm
3. Reproduce a working knowledge of concepts and terminology related to information
technology
4. Demonstrate effective communication with individuals, teams, and large groups
5. Act as the effective financial manager by applying analytical and critical thinking skills
to make an appropriate business related decisions, and
6. Distinguish and analyze ethical problems that occur in business and society

Unit – I: Fundamentals of Information Systems: Concept of Information – Concept of

System, Sub-system, system approach – Information system – Tools for information System -
Meaning and Definition of MIS - MIS design, Development, Implementation and Maintenance.
Unit – II : Information Technology Concepts & Architecture: Computer Hardware - Trends

in computer Hardware Computer peripherals - Computer software – system software: OS,
DAMS, OOPS – Application software: spread sheet – graphic packages. Database management
– File management – Database models - Database management system.
Unit–III: Telecommunications and Networks: Trends in Telecommunication–

Telecommunication Network Model – Types of telecommunication networks –
Telecommunication Media – Processors – Network Topologies – Network Architectures and
protocols.
Unit – IV: Information system applications: Information system for Business functions-
Accounting, Finance, Manufacturing and Inventory control, Marketing - Human resource
Information System.
Unit – V: Strategic Implications of Information system: Managing information system
resources – TPS – Office automation – Decision support system – Executive Information
System – Artificial Information system.
56
Reference:
Books:
1. Zenon S. Zannetos, 2018, Management Information Systems and the Management

Process: New Directions , Fb&c Limited.
2.James O‟Brien, 2017, Management Information Systems,10th edition,Tata McGraw Hill
Publishing Company Limited, Noida, UP.
3.L.M.Prasad & Usha Prasad, 2012, Management Information Systems,2nd edition, S.Chand &
Sons Publisher, New Delhi.
4.A.K.Gupta, 2000, Management Information Systems, S.Chand & Sons Publisher, New Delhi.
5.Kenneth C.Laudon & Jane P.Laudon,2015,Management Information Systems,14th edition,
Prentice Hall Pvt Ltd, New Delhi.
6.Dr.Sushila Madan, 2011, Management Information and Control Systems, Taxmann
Publications, New Delhi.
7.Waman S Jawadekar, 2017, Management Information Systems,4th edition, Tata McGraw Hill
Publishing Company Limited, Noida, UP.
8.D.P.Goyal, 2011, Management Information Systems, 4th edition, Mac Millan, London, UK.
Online Reference:
1. MOOC Material: Introduction to Systems Engineering, Created by: The University of
New South Wales, Australia, Delivered by: Coursera, Taught by: Dr Mike Ryan, Dr Ian
Faulconbridge.
2. MOOC Material: Fundamentals of Management, Created by: University of California,
Delivered by: Coursera, Taught by: Dave Nagy.
3. MOOC Material: Management Fundamentals, Created by: University of Pennsylvania,
Delivered by: Coursera, Taught by: Michael Useem and Peter Cappelli.
4. MOOC Material: Database Management Essentials, Created by: University of Colorado

System, Delivered by: Coursera, Taught by: Michael Mannino.
57
FMEC5 -CORPORATE TAX MANAGEMENT
Course Aim: The course aims to help students to comprehend the basic principles and laws
governing Direct taxes relating to business.
Course Outcome: At the end of the course, the students would be able to
1. Understand the basic concepts relating to taxation.
2. Calculate the Residential status and Tax incidence, Incomes exempt from tax.
3. Describe how the provisions in the corporate tax laws can be used for tax planning.
4. Identify different types of incomes and their taxability and expenses and their
deductibility,
5. Work in a better way in Chartered Accountant Firm, and
6. Understand and apply the tax consideration relating to specified managerial decisions
and special areas.
Unit I: Introduction: Basic Concepts, Assessment year, Previous year, Person, Assessee,
Income, Gross Total Income, Total Income, Capital Asset, Capital Receipts Vs Revenue
Receipts, Capital Expenditure Vs Revenue Expenditure, Residential status and Tax
incidence, Incomes exempt from tax.
Unit II: Business Income: Computation of Profits and Gains of Business or Profession,
General Principles, Deductions and Allowances, Deemed Profits, Income from undisclosed
sources, Valuation of stock.
Unit III: Taxation of Companies: Definitions of Indian Company, Domestic Company,

Foreign Company, Industrial Company, Widely held company, closely held company,
Investment Company, Consultancy Service Company and Trading Company. Deductions
available to Company, Minimum Alternate Tax, Carry forward and set-off of losses in case
of certain companies, Tax on undistributed profits on domestic companies.
Unit IV: Tax Consideration in specified Managerial Decisions and their implications on
cash flow, make or buy, own or lease, retain or replace, export or domestic sales, shutdown
or continue, purchase by installment or hire.
Unit V: Tax Consideration in Special Areas: Foreign Collaboration Agreements,

Mergers, Amalgamation, Reconstructions and Acquisitions, Capital Structure and Dividend
Policy, Depreciation and Other Allowances, New Industrial undertakings and tax relief.
58
Reference:
Books:
1.Vinod, K. Singhania, and Kapil Singhania, 2015, Direct Taxes: Law and Practice, (60th
ed), Taxmann publications, New Delhi.
2. Lakhotia, R.N., and S. Lakhotia, 2004, Corporate Tax Planning Hand Book, Vision
Books, New Delhi.
3. Dr.H.C.Mehrotra and Dr.S.P.Goyal, 2018, Corporate Tax Planning and Management
(Assessment Year 2015 – 2016 and 2016 – 2017), (13th Ed) Sahitya Bhawan Publication.
4. Kanga and Palkivala, 1976, Law & practice of Income Tax, (Volume 2), N.M. Tripathi.
5. Bhagwati Prasad, 1899, Income Tax Law and Practice: Central Sales Tax Act Included,
New Age International Pub (6 February 2036).
6. Lal, B.B, N.Vashisht, 2012, Direct Taxes: Income Tax Wealth Tax and Tax Planning,
(30th Ed), I K International Publishing.
Online Reference:
1. MOOC Material: Rethinking International Tax, Created by: Universiteit Leiden,
Delivered by: Coursera, Taught by: Prof.Dr.SjoerdDouma.
2. MOOC Material: Taxation of Business Entities I: Corporations, Created

by: University of Illinois at Urbana-Champaign, Delivered by: Coursera, Taught
by: Michael P Donohoe, PhD, CPA.
3. MOOC Material: M & A: Concepts and Theories, Created by: Newyork Institute of
Finance, Delivered by: Coursera, Taught by: Jeff Hooke.
4. MOOC Material: Corporate Financial Policy, Created by: University of Michigan,

Delivered by: Coursera, Taught by: Amiyatosh Purnanandam.
59
FMEC6 – FOREIGN EXCHANGE MANAGEMENT
Course Aim: This course aims to educate the students on international financial environment,
foreign exchange transactions, exchange control, methods of international payments and
financing foreign trade.
Course Outcomes: At the end of the course, the students would be able to
1. Understand the concept of Foreign Exchange.

2. Calculate the appropriate forward rates by understanding the functioning of foreign exchange
market and its transactions.
3. Know the Evolution of foreign exchange market and foreign exchange System.
4. Get thorough knowledge about the financing of foreign trade and methods of trade payments.
5. Involve in Export and Import trade with the knowledge on its procedure, and
6. Mobilise finance for foreign trade from different sources.
Unit I: Meaning of Foreign Exchange: Administration of foreign exchange – Functions of a

foreign exchange department – Foreign currency accounts: Nostro Account and Vostro
Account.
Unit II: Foreign Exchange Transactions: Spot and forward deals for the purchase of sale of
foreign currencies – Selection of buying and selling rates and calculation of appropriate forward
rates – Causes of fluctuations in exchange rates – Effects – Liberalised Exchange Rate
Mechanism (LERMS) – Full convertibility of currency – Unified Exchange Rate System
(UERS) – Full convertibility – SWIFT.
Unit III: Exchange Control: Objectives – Methods – Exchange control regulations relating to
exports and imports – Foreign Exchange Management Act, 1999 – India’s foreign exchange
problems – India’s recent foreign trade policy.
Unit IV: Methods of International Payments: Instruments issued by correspondent banks –

Foreign traveller’s cheques – Foreign inward remittance payment system – Methods of settling
debts in international trade – Letter of Credit: Meaning – Features – Mechanism – Types –
Advantages – Responsibilities and liabilities of parties – Uniform customs and practice for
documentary credits.
Unit V: Management of Foreign Trade Credit: Financing exports – Packing credit advances
– Purchase and negotiation of bills – Collection of export bills – Advance against bills under
collection – Incentives – Financing deferred payment and turnkey projects – Other services to
exporters - Financing of Imports: Opening a letter of credit – Payment of import bills – Import
trust receipt – Deferred payment imports – Loan syndication – EXIM bank – Export Credit
Guarantee Corporation of India.
60
Reference:
Books:
1. William D. Gerdes, 2018, The Basics of Foreign Exchange Market: A Monetary Systems
Approach, 2nd Edition, Business Expert Press.
2. Williams L. Richards, 2015, Currency: Fundamentals and Functions, (First Edition)
Design Pub.
3. Chatterjee AK, 1980, Principles of Foreign Exchange, (Vol.I & II), Himalaya Publishing
House Mumbai.
4. Jeevanandam C, 2012, Foreign Exchange – Practice, Concepts and Control, (15th Ed),
Sultan Chand & Sons, New Delhi.
5. Andley KK & Mattoo VJ, Foreign Exchange: Principles and Practice, Sultan Chand &
Sons, New Delhi.
Online Reference:
1. MOOC Material: International Finance, Created by: Marginal Revolution University,

Delivered by: MRUniversity, Taught by: Alex Tabarrok and Tyler Cowen.
2. MOOC Material: International Business I, Created by: University of New Mexico,
Delivered by: Coursera, Taught by: Doug E Thomas.
3. MOOC Material: Foreign Exchange Markets – Instruments, Risks and Derivatives,
Created by: IIM Bangalore, Delivered by: Coursera, Taught by: P C Narayan
4. MOOC Material: Forex Trading for Beginners, Created by: Investoo.com, Delivered
by: Investoo.com, Taught by: Cory Mitchell.
61
FMSC3 - ENTREPRENEURSHIP DEVELOPMENT
Course Aim:
The aim of the course is to make the students to develop and can systematically apply an
entrepreneurial way of thinking that will allow them to identify and create business
opportunities.
Course Outcome
After the completion of the course, the students will be able to

1. Have the ability to discern distinct entrepreneurial traits
2. Know the parameters to assess opportunities and constraints for new business ideas
3. Design strategies for successful implementation of ideas
4. Analyse the business environment in order to identify business opportunities
5. Start entrepreneurship by anlysing legal and financial conditions for starting a business
venture, and
6. Evaluate the effectiveness of different entrepreneurial strategies.
Unit I: Fundamentals of Entrepreneurship: Meaning, Definition and concept of Enterprise,

Entrepreneurship and Entrepreneurship Development, Evolution of Entrepreneurship, Theories
of Entrepreneurship. Characteristics and Skills of Entrepreneurship, Concepts of
Intrapreneurship, Entrepreneur v/s Intrapreneur, Entrepreneur Vs. Entrepreneurship,
Entrepreneur Vs. Manager, Role of Entrepreneurship in Economic Development, Factors
affecting Entrepreneurship, Problems of Entrepreneurship
Unit II: Entrepreneurial Environment: Internal and external environment forces conditioning
entrepreneurship –Psychological, Social, Cultural, Political, Legal and Economic Forces-
Entrepreneurship Development Phases: Attitude, Capability, Culture and Society- Entrepreneurship
Development Programs- Family Business Groups and Entrepreneurship in India
Unit III : Role of Government in promoting Entrepreneurship: MSME policy in India,

Agencies for Policy Formulation and Implementation: District Industries Centers (DIC), Small
Industries Service Institute (SISI), Entrepreneurship Development Institute of India (EDII),
National Institute of Entrepreneurship & Small Business Development (NIESBUD), National
Entrepreneurship Development Board (NEDB), Financial Support System: Forms of Financial
support, Long term and Short term financial support, Sources of Financial support,
Development Financial Institutions, Investment Institutions
Unit IV: Women and Social Entrepreneurship: Meaning, Characteristic features, Problems
of Women Entrepreneurship in India, Developing Women Entrepreneurship in India, Concept
of Social Enterprise and Social Entrepreneurship, Social Entrepreneurs, Sustainability Issues in
Social Entrepreneurship, Rural Entrepreneurship, Family Business Entrepreneurship, Concepts
of Entrepreneurship Failure, Issues of Entrepreneurial failure, Fading of Entrepreneurial success
among once leading corporate groups, Entrepreneurial resurgence, Reasons of Entrepreneurial
Failure, Essentials to Avoid Unsuccessful Entrepreneurship.
Unit V: Formulating and Launching Entrepreneurial Ventures: Developing Business propositions-

Preparing Project Proposal and Report- Identifying Suppliers, Financiers, Business Process Partners-
62
Knowledge of Competition and strategy for dealing with competition- Business Establishment:
Clearances and Documents- Planning for Contingencies
Reference:
Books:
1. David Chitakunye, Amandeep Takhar, 2018, Examining the Role of Women

Entrepreneurs in Emerging Economies, IGI Global, USA.
2. NVR Naidu and T.Krishna Rao, 2010, Management and Entrepreneurship, I.K.
International Publishing House Pvt. Ltd, New Delhi
3. S Anil Kumar, 2008, Small Business and Entrepreneurship, I.K. International
Publishing House Pvt. Ltd, New Delhi
3. Balraj Singh, 2005, Entrepreneurship Development, Wisdom, New Delhi
4. Timmons and Spinelli, 2016, New Venture Creation : Entrepreneurship for 21st
Century, Tata McGRaw Hill Publishing Company New Delhi
5. C.V. Bakshi, 2001, Entrepreneurship Development, Excel Publications.
6. Vasant Desai, 2001, Dynamics of Entrepreneurial Development and
Management, Himalaya Publishing House, Mumbai.
Online Reference:
1. MOOC Material: Entrepreneurship I: Principles and Concepts, Created by University

of Illinois, Delivered by Coursera, Taught by: Patrick James Murphy.
2. MOOC Material: Essentials of Entrepreneurship: Thinking & Action, Created by

California, Irvine, Delivered by: Coursera, Taught by: David Standen.
3. MOOC Material: Entrepreneurship and Family Business, Created by RMIT

University, Irvine, Delivered by: Open2study, Taught by: Leon Levin.
4. MOOC Material: Entrepreneurship 4: Financing and Profitability, Created by

University of Pennsylvania, Delivered by Coursera, Taught by: David Bell and Karl T.
Ulrich.
63
CCMF3 - MUTUAL FUNDS: RISK AND PERFORMANCE ANALYSIS
Course on Mutual Funds
64
FMFC4 - PROJECT APPRAISAL AND EVALUATION
Course Aim: The course aims at imparting to the students knowledge of principles of
processes commonly used in project management. It will cover the tools and techniques for
identification, analysis, design, implementation, monitoring and evaluation of programmes
and projects from the point of view of all stakeholders.
Course Outcomes: After completion of the course, the students will be able to
1. Study the Appraisals in the investment strategies.
2. Study the investment and Financing Aspects.
3. Study the Development of Financial Cash Flows and Cost benefit analysis.
4. Develop the profitability projections.
5. Prepare the strategic analysis for managing risk, and
6. Prepare feasible project proposals to start a new venture.
Unit I: Introduction: Capital Expenditure, Importance and Difficulties, Objectives,

Resource allocation, Criteria, Investment Strategies, Generation and Screening of Investment
ideas.
Unit II: Project Analysis: Market and Demand Analysis; Technical analysis; Financial
Estimates and Projections – Feasibility Analysis
Unit III: Special Decision Situations: Choice Between Mutually Exclusive Projects of
Unequal Life; Optimal Timing, Determination of Economic Life; Interrelationship between
Investment and Financing Aspects; Inflation and Capital Budgeting.
Unit IV: Social Cost Benefit Analysis: Rationale; UNIDO approach; Net Benefit in terms
of Economic (Efficiency) Prices; Measurement of the Impact on Distribution; Savings
Impact and its Value; Income Distribution Impact; Adjustment for Merit and Demerit
Goods; Little Mirrlees Approach; Shadow Prices; SCBA by Financial Institutions.
Unit V: Implementation: Project Organization, Project Planning, Project Control, Pre-

requisites for Successful Project Implementation, Network techniques: Development of
Project Net Work, Time Estimation, Scheduling, PERT, CPM, Network Cost System.
Project Review: Performance Evaluation, Abandonment Analysis, Administrative aspects

in Capital Budgeting.
Weightage in Question Paper: Problems-50% and Theory – 50%.

Project Report at business firms should be given as Assignment for evaluation
of CIA Marks.
65
Reference:
Books:
1. Jack Alexandar, 2018, Financial Planning & Analysis and Performance Management, Wiley
Finance Series.
2. Marghin E. and A.K. Sen, 1972, Guideline for Project Evaluation, UNIDO, New York
3. Little I.M.D. and S.A. Mirrlees, 1974, Project Appraisal and Planning for Developing
Countries, Heimann, London.
4. Clark J.C., T, J. Hindelang, and R.E. Pritchard, 1979, Capital Budgeting: Planning and Control
of Capital Expenditure, Prentice Hall, New Delhi.
5. P.C.K. Rao, 2014, Project Management, Sultan Chand & Sons, New Delhi.
6. Prasanna Chandra, 2014, Projects: Planning, Analysis, Selection, Implementation & Review,
Tata McGraw Hill, New Delhi.
7. Harold Kerzner, 2015, Project Management 2.0, John Wiley and Sons.
8. Ambrish Gupta, 2017, Project Appraisal and Financing, Eastern Economy Edition, PHI
Learning Pvt. Ltd, New Delhi.
Online Reference:
1. MOOC Material: Initiating and Planning Projects, Created by: University of

California, Irvine, Delivered by: Coursera, Taught by: Margaret Meloni.
2. MOOC Material: Fundamentals of Project Planning and Management, Created

by: Darden School of Business, University of Virginia, Delivered by: Future Learn,
Taught by: Yael Grushka-Cockayne.
3. MOOC Material: Project Management for Managers, Created by: IIT Roorkee,
Delivered by: Swayam, Taught by: Mukesh Kuma Barua.
4. MOOC Material: Project Planning and Control, Created by: IIT Madras, Delivered
by: Swayam, Taught by: Koshy Varghese.
66
FMCC12 - DERIVATIVES AND RISK MANAGEMENT
Course Aim: The aim of the course is to understand issues pertaining to pricing and hedging
with options on individual stocks and indices, to examine forwards and futures contracts for
equity indices and commodities and to analyze second generation derivative products such as
interest rates and the management of credit risks.
Course Outcomes: At the end of this course, the students should be able to:
1. To describe, analyses, evaluate and understand the derivative securities

2. To understand and gain knowledge about the valuation and implication of risk
management through derivatives.
3. Gain knowledge on mechanics of Future contract, Forward contract, Swaps and
Options
4. Gain complete knowledge of analysing the asset price option dynamics using
binomial option pricing model
5. Understand the price option using Black Scholes option Pricing model, and
6. Invest in derivative instruments by applying the trading strategies in them.

Unit-I: Introduction: Meaning of Derivatives – Types of Derivatives - Uses of Derivatives –

Classification of Risk – Risk Management – Implications for Hedging – Approaches to Risk
Management – Risks in Derivative Trading.
Unit-II: Futures Contracts: Meaning – Futures Contracts Vs Forward Contracts – Participants

in Futures Market – Specification of Futures Contracts – Pricing of Futures – Hedging
Strategies Using Futures.
Unit III: Single Stock Futures and Stock Index Futures: Meaning – Hedging and
Speculation – Pricing –Insurance and Investment Purpose – Hedging the Value of a Portfolio of
shares using Index Futures – Adjusting Equity Portfolio Beta Using Index Futures.
Unit-IV: Options: Fundamentals of options – Call and Put Options – Combination of Options:
Trading Strategies – The Greek Letters.
Unit V: Option Pricing Model and Swaps: The Binomial Options Pricing Model – The
Black- Scholes Option Pricing Model – Swaps – Introduction to Credit Derivatives.
Weightage in Question paper: Problems-40% and Theory – 60%
67
Reference:
Books:
1. John C. Hull, 2018, Risk Management and Financial Institutions, 5th Edition, John
Wiley & Sons, New Jersey.
2. Marshall, John F and V.K. Bansal, 1992, Financial Engineering – A Complete Guide to
Financial Innovation, Prentice Hall of India, New Delhi.
3. .Franklin R. Edwards Cindy W.Ma, 1992, Futures & Options, Mc Graw- Hill International
Editions. Economic services, Singapore
4. Chew, Lilian, 1996, Managing Derivative Risk: The Use and Abuse of Leverage, John Wiley,
New Jersey.
5. Kolb, Robert W., 2006, Understanding Futures Markets, Prentice Hall of India, New Delhi.
6. Madhumathi and Ranganatham, 2011, Derivatives and Risk Management, First Edition,
Pearson.
7. Sundaram Janakiramanan, 2011, Derivatives and Risk Management, First Edition, Pearson.
8. Chance Don M, Roberts Brooks, 2015, Introduction to Derivatives and Risk Management, 10th
Edition, Cengage Learning.
9. .Hull J, 2016, Options, Futures and Other Derivatives, Prentice Hall of India, New Delhi.
10. Wendy L. Pirie, 2017, Derivatives, John Wiley & Sons, CFA Institute of Investment
Series.
Online Reference:
1. MOOC Material: Financial Engineering and Risk Management Part I, Created by:
Columbia University, Delivered by: Coursera, Taught by: Garud Iyengar and Martin
Haugh
2. MOOC Material: Quantitative Foundations for International Business, Created by:

University of London, Delivered by: Coursera, Taught by: George Kapetanios.
68
FMCC13 –BEHAVIORAL FINANCE
Course Aim: This course aims to investigate psychology's contribution to finance and
economics and discuss the theories to enable the students to understand the decision behavior of
an individual investor within a market context, which would help them have a better
understanding of financial market dynamics.
Course Outcomes: The learning outcomes of the course enable the students to
1. Apply problem solving and critical thinking abilities to analyze the kinds of choices
available for developing alternative behavior and decision making approaches in the
workplace.
2. Apply factors that influence consumers as individuals and decision makers with an
application to the decision process.
3. Understand the operations and investment behavior of function.
4. Understand the conceptual foundations of Technical Anomalies.
5. Apply the skills in understanding and appreciating Stock Market Bubbles, and
6. Acquire the skills required to detect the financial Frauds and Tools in Forensic
Accounting.
Unit-I: Theories of Behavioural Finance: Introduction-Asymmetric Information-

Egocentricity-Human Behavioural Theories-Heuristics-Biases-Emotional Bias-Statistical Bias-
Cognitive Bias-Other Irrational Investment Behaviour-Bias-Group think Bias-Interaction
between Bias-Outcomes of Biases-Dealing With Biases-Overcoming the Biases-Debiasing-
Prospect Theory-Uses of Behavioural Finance.
Unit-II: Evolution of Behavioural Finance: Introduction-Assumptions of Behavioural

Finance-Building Blocks ofBehavioural Finance-Elimination of Uncertainty-Important
Contributors-History of Behavioural Finance.
Neuro Finance: The Brain-Neural Process during Financial Decision Making-Experiments in
Neuro finance-The Future of Neurofinance.
Unit-III: Standard Finance- Introduction-Modern Portfolio Theory-Miller and Modigliani

Theory-Capital Asset Pricing Model-Arbitrage Pricing Theory (APT)-The Random Walk
Hypothesis- Expected Utility Theory (EUT)-Efficient Market Hypothesis (EMH).
Behaviour and Decision Making-Foundations of Behaviour-Cognition-Emotional Bias-
Gender- Behavioural Models-Perception-Causes of Behaviour Difference-Motive-Decision
Making-Behavioural Decision Making-Biases in Decision Making.
Unit-IV : Financial Market Anomalies: Introduction-Fundamental Anomalies-Technical

Anomalies, Calendar Anomalies-Accounting Anomalies.
Market Bubbles: The First Known Stock Market Bubbles-Stock Market Bubbles in the Recent
History-Identification of a Stock Market Bubbles-Classification of Bubbles-Behavioural
Finance Explanation of Bubbles- Investor Behaviour During Bubbles-Causes of Bubbles.
69
Unit-V : Forensic Accounting: Introduction-Classification of Fraud-Behavioural Aspects of
Fraud-Types of Fraud Perpetrators-Origin and Growth of Forensic Accounting-Forensic
Auditing-Fraud Theories-Studies on Fraud Behaviour-Tools in Forensic Accounting-Anti Fraud
Measure- E-Fraud-Forensic Accounting in India-Government Agencies that Combat Frauds.
Reference:
Books:
1. Constant D. Beugre, 2018, The Neuro Science of Organisational Behavior, Edward
Elgar Publishing Limited, UK.
2. Malena Johnsson, Henrik Lilndom and Peter Paltan, 2002, Behavioral Finance – And
the Change of Investor Behavior during and After the Speculative Bubble.
3. Martin Sewell, 2007, Behavioral Finance, University of Cambridge.
4. Prasanna Chandra, 2016, Behavioral Finance, 3rd Edition, TataMc Graw Hill
Education Pvt Ltd, New Delhi.
5. Brian Bruce, 2012, Handbook of Behavioral Finance, Edward Elgar Publishing.
6. M.M.Sulphey, 2014,Behavioural Finance. PHL Learning Private Limited.
7. Richard H Thaler, 2015, Misbehaving : The Making of Behavioral Economics,
Penguin.
8. H. Kent Baker, Greg Filbeck, Victor Ricciardi, 2017, Financial Behavior: Players,
Services, Products, and Markets, Oxford University Press.
Online Reference:
1. MOOC Material: Behaviroal Finance, Created by: Duke University, Delivered by:
Coursera, Taught by: Emma Rasiel.
2. MOOC Material: Behavioral Finance (Coursera), Created by: Duke University,

Delivered by: Coursera, Taught by: Emma Rasiel.
3. MOOC Material: Portfolio and Risk Management (Coursera), Created by: Indian School
of Business (ISB), Delivered by: Coursera, Taught by: Ramabhadran Thirumalai.
4. MOOC Material: Applying Investment Decision Rules for Startups (Coursera), Created
by: Yonsei University, Delivered by: Coursera, Taught by: Saeyeol Park
70
FMCC14 - MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING
Course Aim: The course aims to imparting to the students the knowledge of principles of
mergers, acquisitions and corporate restructuring and teach them post impact and efficiency.
Course Outcomes: The students at the end of the course will be able to
1. Understand the concepts relating to mergers, acquisitions, and corporate restructuring.

2. Understand how to create corporate value by restructuring a company or by combining
businesses.
3. Know the financial aspects of mergers and acquisitions.
4. Explain disinvestments and strategic alliances.
5. Apply procedural, Economic, Accounting, Taxation and Financial Aspects of Mergers
and Amalgamations, and
6. Act as Finance Controller effectively executing mergers, acquisitions and corporate
restructuring.

Unit – I: Introduction to Corporate Restructuring: Meaning of Corporate Restructuring -

Need, Scope and Modes of Restructuring -Historical Background -Emerging Trends -Planning,
Formulation and Execution of Various Corporate Restructuring Strategies - Mergers,
Acquisitions, Takeovers, Disinvestments and Strategic Alliances, Demerger and Hiving off -
Expanding Role of Professionals
Unit – II: Legal Aspects of Merger and Acquisitions: -Introduction -Legal, Procedural,
Economic, Accounting, Taxation and Financial Aspects of Mergers and Amalgamations
including Stamp Duty and Allied Matters -Interest of Small Investors -Merger Aspects under
Competition Law -Jurisdiction of Courts; Filing of Various Forms -Amalgamation of Banking
Companies and Government Companies -Cross Border Acquisition and Merger
Unit – III: Corporate Demerger and Reverse Merger: Concept of Demerger; Modes of
Demerger - by Agreement, under Scheme of Arrangement -Demerger and Voluntary Winding
Up -Legal and Procedural Aspects; Tax Aspects and Reliefs -Reverse Mergers – Procedural
Aspects and Tax Implications
Unit – IV: Takeover: Meaning and Concept -Types of Takeovers; Legal Aspects – SEBI
Takeover Regulations -Disclosure and Open Offer Requirements -Bail Out Takeovers and
Takeover of Sick Units -Takeover Defences -Cross Border Takeovers
Unit –V: Financial Restructuring and Post Merger Reorganisation: Reduction of Capital -
Reorganization of Share Capital -Buy-Back of Shares – Concept and Necessity -Procedure for
Buy-Back of Shares by Listed and Unlisted Companies Post Merger Reorganization -Factors
involved in Post Merger Reorganization -Integration of Businesses and Operations -Assessing
Accomplishment of Post Merger Objectives; Measuring Post Merger Efficiency
71
Reference:
Books:
1. Andrew J. Sherman, 2018, Mergers and Acquisitions from A to Z, 4th Edition, American
Management Association.
2. Fred Weston J.Kwang S.Chmu & Susan E.Hoag, /merger, 1990, Restructuring and Corporate
Control, Prentice Hall, NewDelhi
3. Verma JC.Corporate Mergers, 2008, Amalgamations and takeovers, (5th Ed), Bharat law house,
New Delhi
4. K.R.Chandrate, 2010, Corporate Restructuring, (2nd Ed), Bharat Law House (P) Ltd. New
Delhi.
5. Handbook on Mergers, 2012, Amalgamation and Takeover, ICSI, New Delhi.
6. Donald DePamphilis, 2017, Mergers, Acquisitions, and Other Restructuring Activities, 9th
Edition, Academic Press.
Online Reference:
1. MOOC Material:Corporate Financial Decision-Making for Value Creation

(Coursera), Created by: University of Melbourne, Delivered by: Coursera Taught by:
Paul Kofman Sean Pinder.
2. MOOC Material: Corporate Finance I: Measuring and Promoting Value Creation

(Coursera) Created by: University of Illinois at Urbana-Champaign, Delivered by:
Coursera, Taught by: Heitor Almeida.
3. MOOC Material: Corporate Finance Essentials (Coursera), Created by: IESE Business
School, Delivered by: Coursera, Taught by: Javier Estrada.
4. MOOC Material: M & A: Concepts and Theories, Created by: Newyork Institute of
Finance, Delivered by: Coursera, Taught by: Jeff Hooke.
72
FMEC7 - INTERNATIONAL FINANCIAL MANAGEMENT
Course Aim: The aim of the course is to study the role of international trade and investment,
currency movements, international financial markets, and international agreements and
institutions play in the management of multinational corporations.
Course Outcome: At the end of this course the students would be able to:
1. Understand the nature and scope of International financial management.
2. Understand the sources of finance and developments in international monetary system.
3. Understand the various methods and uses of Exposure.
4. Know the various sources of foreign exchange exposure management.
5. Take international investment decision by incorporating financial and non-financial
factors, and
6. Work as the Finance Manager in a Multinational Corporation.
Unit I: Foundations of International Financial Management: International Business and its

Mode – Nature and Scope of International Financial Management – Multi National
Corporations – International Financial Management and Domestic Financial Management -
Developments in International Monetary System: Specie Commodity Standard – Gold
Standard – Bretton Woods System of Exchange Rate – Exchange Rate Regime Since 1973-
International Liquidity – IMF Solution for Financial Crisis.
Unit II: Foreign Exchange Market: Features – Major Participants – Spot Market – Forward
Market
Exchange Rate Mechanism: Exchange Rate Quotations – Nominal, Real and Effective
Exchange Rate – Determination of Exchange Rate in Spot Market and Forward Market –
Factors Influencing Exchange Rate – Theories of Exchange Rate Behaviour - Need for
Forecasting Exchange Rates – Forecasting Techniques – Forecasting in a Controlled Regime.
Unit III: Foreign Exchange Exposure Management: Translation Exposure Meaning –

Methods of Translation Exposure – Functional Versus Reporting Currency – Four Translation
Methods – Measurement of Transaction Exposure – Transaction Exposure Based on Currency
Variability – Managing Transaction Exposure – Currency Forwards, Futures, Options and
Swaps - Measurement of Currency Variability – Transaction Exposure Vs Economic Exposure
– Measuring Economic Exposure – Managing Economic Exposure – Corporate Philosophy for
Exposure.
Unit IV: International Financing Decisions: Channels for Flow of Funds – Changing
Structure of International Financial Market – Sources and Forms of Funds – Process of
Internationalization of Banks – Financial Intermediation Function – Direction and Purpose of
Lending – The Credit Creation Function – International Equities – International Bonds –
Secondary Market Operations – Short Term and Medium Term Instruments - International
Working Capital Policy – International Cash management – Receivables and Inventory
Management - Financing of Current Assets
73
Unit V: International Investment Decisions: Theories of Foreign Direct Investment – Cost
and Benefits of FDI – Strategy for FDI – Control of MNCs – Evaluation Criteria in
International Capital Budgeting – Computation of Cash Flow – Cost of Capital – Adjusted
Present Value Approach – Sensitivity Analysis – Real Options and Project Appraisal –
Evaluating M & A – Non financial factors in Capital Budgeting – Introduction to International
Portfolio Investment - Benefits, Problems and Modes of International Portfolio Investment -
Concept and Identification of Optimal International Investment Portfolio.
Reference:
Books:
1. Dora Hancock, 2018, International Finance for Non-Financial Managers, Kogan Page.
2. Maurice D. Levi, 1996, International Finance, 3rd Ed., Mc Graw Hill.
3. Alan C. Shapiro, 1996, Multinational Financial Management, 4th Ed., Prentice Hall India.
4. Cheol S. Eun, Bruce G. Resnick, 1998, International Financial Management, 2nd Ed.,
Tata McGraw Hill.
5. Apte, P.G., 1998, International Financial Management, 2nd Ed., Tata McGraw Hill
6. Madhu Vij, 2005, International Financial Management, 2nd Edition, Excel Books.
7. Vyuptakesh Sharan, 2009, International Financial Management, 5th Edition, PHI Learning
Private Limited, New Delhi.
8. Jeff Madura, 2015, International Financial Management, 12th Ed., Cengage Learning.
9. Geert Bekaert, Robert Hodrick, 2017, International Financial Management, 3rd Edition,
Cambridge University Press.
Online Reference:
1. MOOC Material: International Finance, Created by: Marginal Revolution University,

Delivered by: MRUniversity, Taught by: Alex Tabarrok and Tyler Cowen.
2. MOOC Material: International Business I (Coursera), Created by: University of New

Mexico, Delivered by: Coursera, Taught by: Doug E Thomas.
3. MOOC Material: Global Strategy I: How The Global Economy Works (Coursera), Created
by: University of Illinois , Delivered by: Coursera, Taught by:, Marcelo Bucheli
4. MOOC Material: Foreign Exchange Markets – Instruments, Risks and Derivatives,
Created by: IIM Bangalore, Delivered by: Coursera, Taught by: P C Narayan
74
FMEC8 - STOCK MARKET MICRO STRUCTURE
Course Aim: The aim of the course is to provide practical exposure to the students on the
functioning of the stock market and on the stock market practices like trading mechanism,
clearing and settlement, demat trading.
1. Understand the trading mechanism in stock exchange.
2. Understand the trading pattern in BSE and NSE.
3. Get knowledge on the Demat Trading.
4. Discuss on the SEBI guidelines and other regulations relating to Demat Trading.
5. Get through the certification examinations conducted by BSE and NSE, and
6. Start a stock trading concern and become a successful Financial Entrepreneur.

Unit I: Trading Mechanism in Stock Exchanges: Introduction- Market Types- Market

Phases- Invoking an Inquiry Screen- Order Management- Trade Management- Auction-
Limited Physical Market- Retail Debt Market- Internet Broking- Wireless Application Protocol.
Legal framework of Securities Market: SEBI Guidelines Relating to the Functioning of Stock
Exchanges and Intermediaries; SEBI and Investor Protection; Securities Contract Regulation
Act and Listing of Securities; Regulations and Guidelines for FIIs.
Unit II: Clearing and Settlement Process: Introduction- Transaction cycle- Settlement
Process- Settlement Agencies- Risks in Settlement- Settlement Cycle- Securities Settlement-
Funds Settlement- Shortages Handling- Risk Containment Measures- International Securities
Identification Number- Clearing Software- Reports- File Transfer Protocol.
Unit III: Trading pattern in BSE and NSE: Security Market Indicators- Need and
Importance; BSE Sensex, NSE, NIFTY and other Index Numbers.
Unit IV: Demat Trading: Meaning and Significance; Role of Depositories and Custodian of
Securities in Demat Trading; SEBI Guidelines and other Regulations relating to Demat Trading;
Procedure of Demat Trading- Introduction to Online- Trading.
Unit V: Derivatives Trading: Approving for derivatives trading, Derivatives market at NSE,
Trading mechanism, membership criteria, Turn over, Clearing and settlement, Risk
Management system.
Reference:
Books:
1. Ashwani Gujral, 2018, How to Make Money in Intraday Trading, Vision Books Pvt.
Limited, New Delhi.
75
2. Avadhani V.A. 1997, Indian Capital Market, (1st Ed)., Himalaya Publishing House.
3. Tadashi Endo, 1998, The Indian Securities Market A Guide for foreign & Domestic
Investors, (1st Ed)., Vision Books.
4. Amit Bhargava, 2003, Guide to SEBI (Disclosure & Investor Protection) Guidelines,
Taxmann Publications.
5. Gurusamy S, 2004, Financial Markets & Institutions, (1st Ed)., Thomson Books.
6. Dave, 2007, Securities Markets & Products, (2nd Ed)., Taxmann Publications.
7. Keith Dickinson, 2015, Financial Markets Operations Management, John Wiley &
Sons.
Online Reference:
1. MOOC Material: Finance for Everyone: Values, Created by: McMaster University,
2. MOOC Material: Behavioral Finance, Created by: Duke University, Delivered by:
Coursera, Taught by: Emma Rasiel.
3. MOOC Material: Behavioral Finance (Coursera), Created by: Duke University,

Delivered by: Coursera, Taught by: Emma Rasiel.
4. MOOC Material: Portfolio and Risk Management (Coursera), Created by: Indian School
of Business (ISB), Delivered by: Coursera, Taught by: Ramabhadran Thirumalai.
76
FMSC4 - CORPORATE ETHICS, GOVERNANCE AND
SUSTAINABILITY
Course Aim: The aim of the course is to enable the students acquire knowledge regarding the
principles of business, ethics, governance and sustainability and to enable students develop
understanding of the systems and process of governance & sustainability.
1. Understand the nature and scope of Corporate Ethics like, Attributes of Ethics, Business
Ethics, Management Ethics and Organizational Ethics.
2. Know the nature, features, objectives, benefits and models of the Corporate Governance.
3. Understand the reasons for Corporate Governance failure, certain new initiatives in
Governance and Global Corporate Governance Forum.
4. Know the various Structure and Composition of the Board.
5. Act as a ethical financial manager with the understanding of corporate ethics, and
6. Do the social accounting and ethical auditing.
Unit – I: Introduction to Corporate Ethics: Approaches to Ethics – Meaning of Ethics –

Major Attributes of Ethics – Business Ethics – Factors that Influence Ethics – Importance of
Ethics – Ethics in Management – Organisational Ethics
Unit –II: Introduction to Corporate Governance: Meaning of Corporate Governance –

Definitions – Significance – Importance – Nature of Corporate Governance – Features of
Corporate Governance – Objectives of Corporate Governance – Reasons for Corporate
Governance Failure – Certain New Initiatives in Governance – Benefits of Corporate
Governance – Consequences of Bad Governance – Requirements to Strengthen Corporate
Governance – Corporate Governance Models – Global Corporate Governance Forum
Unit – III: Corporate Board Management- Structure and Composition of the Board-
Composition of Board – Size of the Board – Powers of the Board of Directors –
Responsibilities- Functions of the Board – Code of Conduct for Board Members – Training for
the Board of Directors – Effectiveness of the Board – Evaluation of Board’s Functioning –
Corporate Democracy – Shareholders Democracy
Unit – IV: Sustainability and Corporate Governance: Sustainability Reporting – Discipline-

Mission – Principles – Dimensions – Corporate Governance and National Economy – World
Bank Report – Development – Why It Matters?
Unit – V: Social Accounting, Auditing and Reporting: Introduction – Social Accounting –

Social Auditing – Corporate Social Reporting – Auditing the Social Reporting Process.
77
Reference:
Books:
1. Marc Georgen, 2018, Corporate Governance: A Global Perspective, Cengage Learning.

2. Fred J. Weston, Kwang S. Chung, and Susan E. Hoag, 1997, Mergers, Restructuring
and Corporate Control, Prentice Hall of India.
3. Ross, Westerfield, Jaffe, 1999 Corporate Finance, (5th Ed.), McGraw Hill.
4. Brigham, Gapenski, and Ehrhardt, 1999, Financial Management: Theory and
Practice, 9th Ed., Dryden Press.
5. Vishwanath, S.R., 2000 Corporate Finance: Theory and Practice, 2nd Edition, SAGE
Publishing India, Response Books.
6. Pandey, I.M., 2006,Financial Management, 11th Edition, Vikas Publishing House.
7. V.Balachandran & Dr.Chandrasekar, 2011, Corporate Governance Ethics and Social
Responsibility, (2nd Ed), PHI Learning. New Delhi.
8. Thomas Clarke, 2017, International Corporate Governance: A Comparative
Approach, 2nd Edition, Rouledge London New York.
Online Reference:
University.
3. MOOC Material: The Factors that Influence the Effectiveness of Boards and the
Governance Process, Created by: State University of NewYork, Delivered by:
Coursera, Taught by: Vic Murray and Prof. Yvonne D. Harrison.
4. MOOC Material: Basic Governance for Board Members, Created by: Debi Peverill,
Delivered by: Udemy, Taught by: Debi Peverill.
78
CCMF4 - MARKETING OF MUTUAL FUNDS
Course on Mutual Funds.
79

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Regulations & Syllabi - 2018-2019 onwards

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

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

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

Questions Marks Total Marks

7) Guidelines for Summer Institutional Training Project and Final Project

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

7. b) Final Semester Project (FMPW2)

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

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

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

Corporate Governance - The design of executive compensation schemes, communicating

(b) Self Study Courses

(c) Online Courses/ MOOCs

13) Other Regulations

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

Syllabi - 2018-2019 onwards

Optional Core Courses (Any 1 of the 2)

Total 25 15 30 125 375 500

Class No of CIA ESE Total

Class Practical CIA ESE Total

Optional Core Courses (Any 1 of the 2)

Elective Courses (Any 1 of the 2)

Total 20 12 32 100 400 500

Class No of CIA ESE Total

Value Added Course (University Wide) 40 40 2 25 75 100

Optional Core Courses (Any 1 of the 2)

Elective Courses (Any 1 of the 2)

Class No of CIA ESE Total

Value Added Course (University Wide) 40 40 2 25 75 100

Optional Core Courses (Any 1 of the 2)

Elective Courses (Any 1 of the 2)

Grand Total 90 54 124 450 1550 2000

Class No of CIA ESE Total

Value Added Course (University Wide) 40 40 2 25 75 100

CIA = Continuous Internal Assessment ESE = End Semester Examination

20 Developing Soft Skills and Personality https://swayam.gov.in/courses/4773-july-2018-

22 Financial and Material Resources https://swayam.gov.in/courses/5021-financial-and-

Self Study Course (Additional)

Course Details of Certification on Mutual Funds (Additional)

Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential

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

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

Weightage: Problems-50% and Theory – 50%

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

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

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

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

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

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

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

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

4. Accounting Standards, www.icai.org

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

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

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