CORPORATE TAX PLANNING (IB-601 A)

COURSE OBJECTIVES: The course is based on the important provisions of Income Tax Act, 1961 relating to corporate assesses. The course aims to provide knowledge to the students about provisions of corporate taxation in practical terms and use of the tax planning methods to minimi e tax liabilit!. Introdu t!on: "orporation tax, Tax #lanning, Tax $vasion, Tax Avoidance, Tax %anagement, &ividend Tax, &omestic "ompan!, 'oreign "ompan!.

Co"#ut$t!on o% Tot$& In o"' $nd T$( L!$)!&!t* o% Co"#$n!'+: Income from business, capital gain, income from other sources, total income. T$( P&$nn!n, %or n'- Bu+!n'++ ( )ocation and *ature of +usiness, 'orms of +usiness ,rgani ation T$( P&$nn!n, $nd .!n$n !$& /$n$,'"'nt 0' !+!on+: Tax #lanning relating to "apital -tructure &ecision, &ividend #olic!, Inter."orporate &ividends and +onus -hares T$( P&$nn!n, $nd /$n$,'r!$& 0' !+!on+: Tax planning in respect of ,wn or )ease, sale of assets used for scientific research, make or bu! decisions, repair, replace, renewal or renovation of an asset, shut.down or continue decisions. S#' !$& T$( Pro1!+!on+: Tax provisions in respect of 'ree Trade /one, Tax provisions in respect of Infrastructure &evelopment, Tax provisions in respect of +ackward Areas, Tax provisions in respect of Tax Incentives to $xporters. A"$&,$"$t!on T$( P$*"'nt: Tax deduction at source, Tax collection at source, and Advance pa!ment of tax R' o""'nd'd Boo2+( R'$d!n,: "orporate Tax #lanning 0 %anagement b! 1. ". %ehrotra 0 -. #. 2o!al "orporate Tax #lanning and +usiness Tax #rocedures b! 3. 4. -inghania R'%'r'n '+: -tudents 2uide to Income Tax b!. 3. 4. -inghania, &irect Taxes )aw 0 #ractice b! 3. 4. -inghania Journ$&+: "hartered -ecretar!, "hartered Accountant .!n$n !$& 0$!&!'+( +usiness -tandard, The $conomic Times, 'inancial $xpress etc.

/ANAGE/ENT IN.OR/ATION S3STE/ (IB-611)

OBJECTIVE : The ob5ectives of the course is to develop fundamental understanding of management information s!stem and appl! it in decision making. T,#I"- T, +$ ",3$6$& T4' "'$n!n, 5 ro&' o% /IS :The meaning 0 role of %I-. 7hat is %I- s!stem view of business. -!stem approach. Importance of %I-. $volution of %I-. "omputers in %I-. "oncepts of &--, $--, 4%, ,A-, T#-. In%or"$t!on S*+t'"+ $nd Or,$n!6$t!on( &ata 0 Information, %anagement and &ecision %aking Information -!stems and -ociet!. Technical and +ehavioral aspects. T4' +tr$t',! ro&' o% In%or"$t!on:as a strategic resource containing competitive force. It products and services linking with customers and suppliers.1ow is affects organi ation. $conomic theories, +ehavioural theories. ,rganisational resistance to change, Implication for the design and understanding of I.-. /$n$,'"'nt 0' !+!on /$2!n,( Information %anagement. &ecision %aking. 7hat managers do, behavioural model. "lassical description of management. )evel of decision making, t!pes of

decisions, structured unstructured t!pes of decisions s!stems stages of decision making, individual model of decision making. TPS( Introduction, &ata entr! process, batch processing, real time processing, file and database processing, &ocument and report generations. Bu+!n'++ In%or"$t!on +*+t'" : +usiness function Information s!stem( Introduction %arketing Information -!stems manufacturing Information s!stems, 16 Information -!stems accounting information s!stems 0 financial information s!stems. /od'rn In%or"$t!on S*+t'"+: %odern Information -!stems( $6# Introductions %6#, %6#.II, &efinition Implementation benefits 0 #recautions $6# software. TEXT REA0INGS: %urdick. et. al. Information -!stem for %odern %anagement. #1I. )ondon 0 )ondon 8 %anagement Information -!stems 8 #1I ,brien 8 %anagement Information -!stem

.INANCIAL /ANAGE/ENT (IB-607)

Cour+' O)8' t!1'+( This course is designed to enhance the understanding of the fundamental concepts of finance including but not limited to time value, capital budgeting and the cost of capital, working capital management. .!n$n !$& /$n$,'"'nt 9 An Introdu t!on: The -cope and 'unction of 'inance Con '#t o% V$&u': Time preference for %one!, "ompound value 0 #resent 3alue Anal!sis of "apital +udgeting &ecision( *ature of Investment decisions, Investment evaluation "riteria. T4' Co+t o% C$#!t$&: "oncept 0 -ignificance of cost of capital, -pecific 0 7eighted Average "ost of "apital, %arginal "ost of "apital. Lon, T'r" Sour '+ o% .!n$n '( -hares, &ebentures and Term loans T4' /$n$,'"'nt o% Curr'nt A++'t+( "oncept and planning of working capital management, $stimation and calculation of working capital management, Account 6eceivable, Inventor! And "ash %anagement. .!n$n !n, 0' !+!on+( "oncept of )everage, ,perating leverage, 'inancial )everage, "ombine )everage. 0!1!d'nd 0' !+!on( "oncept 0 significance, &eterminants and constraints, "apital -tructure #lanning, 'eatures of an appropriate capital -tructure, 'actors determining capital -tructure, capital structure theories. R'%'r'n ' Boo2+ : 'inancial %anagement, I % #ande! 'undamental of 'inancial %anagement9 :ames " 3an 1orne 0 :ohn % 7achowic , :r 'inancial %anagement Text 0 #roblems b! % ; 4han 0 # 4 :ain 'inancial %anagement9 #rasanna "handra.

PUBLIC .INANCE AN0 TREASUR3 (IB-60:A)

Cour+' O)8' t!1': The ob5ective of this course is to provide intensive stud! of govt. finance and their implication on the econom!. Treasur! management is a special aspect of fund management, dealing with the operation in the treasur! funds, traded in the mone! market controlled b! the 6+I govt. and bonds. Pu)&! .!n$n ': %eaning, Importance, scope and functions. #ublic finance 3s. #rivate finance 2ovt. role and performance in mixed India<s econom!. #ublic $nterprises. features, management structure, merits and demerits. Pu)&! R'1'nu': %eaning, source of public revenue, canons of taxations. The division of tax burden, principles of tax burden, ob5ectives of taxation, characteristics of ideal Taxation, effects of taxation. T!pes of taxes 8&irect 0 Indirect taxes. &ivision of tax burden I. socio political theor!, expedienc! theor!. &ivision of tax burden II. abilit! to pa! theor!. Pu)&! 0')t: The meaning of public debt and differences between public and private debt. -ources, forms and need for public debt. $ffects of public debt, 6ole of #ublic debt in economic development, public debt and inflation, burden of public debt. Pu)&! E(#'nd!tur': %eaning, classification and ob5ectives of public expenditure, causes of the increase in public expenditure, importance and effects of public expenditure. #rinciples of public expenditure. Increasing trend of public expenditure. 0'%! !t %!n$n !n,: %eaning, definition, effects, purposes, and limitations of deficit financing. Bud,'t( introduction9 kinds of #ublic budget, economic and functional classification of budget, +alance budget( arguments for and arguments against balance budget. Tr'$+ur* /$n$,'"'nt: meaning , scope, ob5ectives, function and organi ational structure of treasur! management. Int',r$t'd Tr'$+ur*: "ost centre and profit centre functions of integrated treasur! benefits of integration, structure of integrated treasure. R!+2 An$&*+!+ $nd Contro&: 'inancial 6isk and ,peration 6isk. Boo2+: #ublic 'inance( 1.).+hatia =3ikas #ub> Treasur! %anagement in India( 3.A. Avdhani =1imal!a pub.> Treasur! 6isk %anagement( -.4. +agchi #ublic 'inance( &.%.%ithani =1imal!a #ub.> %one!, +anking, International Trad and #ublic finance( %.). :hingan

AU0ITING (IB-60;)
Cour+' O)8' t!1'+( The aim of the course is to give the students basic knowledge of Auditing s!stem 0 various auditing procedures 0 techni?ues needed to appl! for auditing. Introdu t!on: ,rigin 0 development, &efinition, scope 0 importance of Auditing "lassification of audit
1. 2. 3.

,b5ectives( &etection 0 prevention of frauds 0 errors #rinciples, techni?ues 0 procedure of auditing Internal control, internal check 0 internal audit

4. 5. 6. 7. 8. 9. 10. 11. 12.

3ouching 3erification 0 valuation of assets 0 liabilities &epreciation, provisions 0 reserves #lanning the audit &ivisible profits 0 dividends

@ualities, ?ualification, appointment, remuneration, rights, duties 0 liabilities of auditors Investigation "ompan! audit Audit reports 0 certificates

T!pes of audit( Audit of banking co., Audit of insurance co., Audit of electricit! co., Audit of educational institutes, Audit of hospitals, Audit of hotels, Audit of charitable institutes, Audit of clubs
13. 14.

Audit of assets 0 liabilities9 Audit of revenue 0 expenditure *ew trends in auditing, practical problems 0 cases.

Boo2+ Aud!t!n,: Sr!n!1$+$" An$nn G< (T$("$nn) Aud!t!n, 9 Pr!n !#&'+ 5 Pr$ t! '+: S<0< S4$4 Pr!n !#&'+ 5 Pr$ t! '+ o% Aud!t!n, 9 S$('n$ R<G< (=!"$&$*$)

INTERNATIONAL BUSINESS (IB-610)

Cour+' O)8' t!1': The ob5ective of the course is to expose students to the concept, importance and d!namics of international business and India<s involvement with global business operations. The course also discusses theoretical foundations of international business to the extent these are relevant to understand the mechanics of global business operations and development. 1. Introdu t!on to Int'rn$t!on$& Bu+!n'++: *ature of international business, need and importance of international business stages of internationali ation, approaches to international business theories of international business, mercantilism, absolute advantage, comparative advantage, factor endowment, competitive advantage, Tariff and *on.tariff measures. A Int'rn$t!on$& /on't$r* S*+t'": 1istor! of the -!stem 0 *eed for the -!stem, I%', 7orld +ank, 'oreign $xchange -!stem. B. R',!on$& E ono"! Co-o#'r$t!on: 'orms of regional groupings =Trade +locks>9 Integration efforts among countries in $urope, *orth America and Asia 0 C*"TA&, 7T,8 an overview. D. Int'rn$t!on$& Bu+!n'++ En1!ron"'nt: *ational and foreign environments and their components . economic, cultural and political.legal environments9 Trends in India<s foreign trade. E. Int'rn$t!on$& .!n$n !$& En1!ron"'nt: 'oreign investments . t!pes and flows9 'oreign investment in Indian perspective. 6. .!n$n !n, o% %or'!,n tr$d' $nd #$*"'nt t'r"+: +asic documents in foreign trade, -ources of financing foreign trade, #a!ment terms of $xport transactions.

F. O##ortun!t!'+ !n Int'rn$t!on$& Bu+!n'++- -!t4 +#' !$& r'%'r'n ' to Ind!$: -trategic alliances, mergers and ac?uisitions9 Indian 5oint ventures and ac?uisitions abroad9 International business and ecological considerations. Su,,'+t'd R'$d!n,+:
1. "harles, 7.). 1ill., GInternational Business, *ew &elhi( Tata %c2raw.1ill, AHHB. A. :ohnson, ,&erbe., and "olin Turner, GInternational Business - Themes & Issues in the

Modern Global Economy, )ondon( 6oultedge, AHHB. B. "herunilam, 'rancis., GInternational Business: Text and Cases, #rentice 1all of India )td., AHHD. D. :ohn, 1. &aniels and )ee 1. 6adenbaugh,I International Business Environments and !erations, &elhi( #earson,I =AHH1>. E. :ustin, #aul., GInternational Business, #rentice 1all of India )td., AHHB. "# 6+I, 6eport on "urrenc! 0 'inance, various issues. F. #.2.Apte, GInternational $inancial Mana%ement, Tata %c2raw 1ill.