PANJAB UNIVERSITY, CHANDIGARH-160014 (INDIA) (Estd.

under the Panjab University Act VII of 1947-enacted by the Govt. of India)

FACULITY OF BUSINESS MANAGEMENT AND COMMERCE

OUTLINES OF TESTS SYLLABI AND COURSES OF READING FOR

MFC (Master of Finance and Control ) (1st and 2nd Semester and Part II)
FOR THE EXAMINATION 2011-12

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SYLLABI AND COURSES OF READING FOR MFC EXAMINATION, (2011-2012).

Note: 1.The duration of the examination in each subject will be 3 hours. 2.Maximum marks for external/written examination are 80 marks and Internal Assessment is 20 marks. N.B. Use of non programmable calculators by the students in the Examination Hall is allowed. The calculators will not be provided by the University. Instructions to the paper setters: Maximum Marks: 80. THERE WILL BE FOUR UNITS: Set 10 questions in all, selecting two or three questions from each unit. The students are required to answer five questions in all selecting at least one question from each unit.

SCHEME OF EXAMINATION Ist SEMESTER Marks MFC MFC MFC MFC MFC 101 102 103 104 105 Mnagement for Organisation. Business Environment. Accounting for Managers. Economic Analysis for Business Financial Services. Th. 80 80 80 80 80 400 Int. 20 20 20 20 20 100

IInd SEMESTER MFC 201 MFC 202 MFC 203 MFC 204 MFC 205 Organisation Behavior. Regulatory Framework For Business Financial Management& Policy Quantitative Techniques. E- Commerce 80 80 80 80 80 400 20 20 20 20 20 100

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Need. Rewards and recognition.Defined elements. Administration & Management. Singh. contingency theory. types of authority. Koonlz O’ Dannel . Evolution & Foundation of Management Theories. Strategy. Howthorne Experiments.Neo-classical & Modern Theories). Efficiency and Effectiveness of Management Process. N. Pros and Cons of MBO. Principles of Planning Decision Making. Organizing: Process. Objectives & Principles and Techniques.Nature. Types of Control. Schools of Management Thought. decision theory school. Functions. The social system school. Recruitment. MPP. Selection. principles. types and techniques of Direction. Cross cultural communication. Significance of Management in today dynamic environment. Policies. UNIT .defined job analysis. Benefits of MBO. Scientific Mgt (Taylor) Bureaucratic Model (Weber) Human Behviour School (Fayol). Levels of Management. Difference between co-ordination and co-operation. Planning Premises.MANAGEMENT FOR ORGANIZATION MFC – 101 Objective: To understand the basics of management process and concepts in today’s organization. Management Planning Process. Steps in Control. Control Techniques. nature of direction. Barriers and break downs in ommunications. Importance. Types. Staffing. Job Rotation. References: R. Management Thoughts and Thinkers.III Communication: Process. Process of Elements. 3 . Essentials of Management. Management by Objectives (MBO): Defined Characteristics. design. objectives. UNIT .IV Co-ordinating. decentralization and centralization. Organization Environment. Training. mathematical and quantitative School.II Organizations and the Need for Management. Types of Plans. structure. delegation. components. Management as a Profession. Nature. Contemporary Management thinkers (Classical. Objectives. Reviewing Performance.defined characteristics. Requirement of an Effective Control System Principles. UNIT . Social Responsibility and Ethics. Directing. features. importance. UNIT – I Conceptual Framework of Management-Management defined. Controlling-Defined Nature. Scope. Actions to be taken at the Organizational level and individual level.

FII’S. K. .The Industrial policy and the Economic reforms and its impact on Indian Business. Sampat Mukherjee Business environment for Strategic Management Business Environment Business Policy & Environment Economic Environment of Business. .The constitutional provisions affecting business in India. .WTO and its impact on Indian Business. Unit-IV The Technological & The International Environment. NRI. IMF and World Bank in giving impetus to Indian Business. . Francis Cheerunitam 3. . . . . References: 1. India’s policy for R & D.Features of Indian Socio-Cultural environment and its implication on industrialization & growth. The monetary and fiscal policies and the union budget as an instrument of economic growth. The process of environmental Scanning.Trade Barriers: Trips & Trims etc and its implication for Indian Business. The preamble. .Significance Nature & Interaction Matrix of different environmental factors. . P. .Globalization & Liberalization : Threats & opportunities for Indian Business.The foreign trade policy of India. K.Role of MNC’S. strategy & planning in India. The Socio cultural environment. Ghosh 4.Emergence of new demand for consumer goods and consumerism as an emerging force. Unit-III The Economic Environment The philosophy.The relationships between government & Business. Unit –I The concept of business environment.Social responsibility of business. Aswathappa 2. 4 - . Unit-II The Political Environment .The problem of sophisticated technology in a labour surplus economy. DPS & FR’S. . .BUSINESS ENVIRONMENT MFC -102 Objective: To make the students conversant with the external business environmental factors that impact the business decision making.The political dimensions of doing business in India.

5 . Financial reporting practices in India. Accounting Process and Generally Accepted Accounting Policies (GAAP). Exposure to provisions of Schedule VI of the Companies Act 1956. Sunden and Ostratton Hilton Bhattacharyya. Managerial Accounting. Cash Flow Analysis. UNIT – IV Contemporary Issues in Accounting. Accounting for Management Text & Cases. Introduction to Audit & its types UNIT – III Analysing Financial Statements: Ratio Analysis. Profit & Loss Accounts. Accounting Concepts.I Accounting and its functions.ACCOUNTING FOR MANAGERS MFC. Dearden : : : Introduction to Management Accounting. Fund Flow Analysis. Value added & Value Chain Analysis. Prentice Hall of India.103 Objective: To develop understanding of accounting tools and information. Inflation Accounting. UNIT – II Understanding Financial statements. Depreciation accounting. Social Accounting. Accounting Conventions and Accounting Equation. Introduction to Human Resource Accounting. Introduction to Indian Accounting Standards. REFERENCES: Horngren. Tata McGraw Hill. IFRS and it’s convergence. UNIT . Balance Sheet. Vikas Publishing House.

Introduction and Basic Concepts. UNIT-I Nature and scope for Business Economics. monopolistic and oligopoly. D. Role of investment. business cost and incremental costs. oligopolistic inter dependence.Economics Managerial Economics Macro Economics Business Economics 6 . discriminatory pricing.Koulsoyiannis Hauge. Keynesian and Classical theory of income employment and output. References: A. Wages and employment. Keynesian theory and underdeveloped countries. oligopolistic pricing. Profit maximizing price and output in the short run and the long run in perfect competition. Cost Theory traditional. UNIT-II Theory of production. the relevance of cost theories in business decision making. Pricing under multiple products. Adhikari.Production function for a single product. Thomas F. Investment Demand Schedule. Price Policy. empirical evidence on the shape of cost. C. technological progress and the production function. Demburg. UNIT-IV Consumption function. Demand theory and techniques for demand estimation. monopoly. demand forecasting.ECONOMIC ANALYSIS FOR BUSINESS MFC-104 Objective: To study the basic concepts and tools of economic analysis as relevant for business decision making. M : : : : Modern Micro. modern and engineering. production function of a multi product firm. evaluation of Keynesian theory of employment. UNIT-III Market structure and degree of competition. multiplier factors affecting the level of aggregate consumption.

Ramesh & Arun Gupta Financial Institutions and Markets Merchant Banking Organisation and Management Merchant Banking and Financial Services Financial Services Investment and Securities Markets in India. system in India as well as to enable students to appreciate and understand the concepts.M. Venture Capitial and Indian Financial Sector. lease structuring. 5. process and agreement for factoring: UNIT – IV Mutual Fund: Introduction. financial evaluation of lease from lessor’s and lessee’s point of view.A. working. 6. structure. functions and process of debt rating and SEBI regulations.Y. management. L.C. Depository Services in India (including regulatory aspects). Credit Rating: Concepts. Avadhani S.105 Objective: To provide insight to the structure. Tax. working and problems of financial. Financial Services: An overview. REFERENCE: 1.FINANCIAL SERVICES MFC . mechanism and utility of different financial services. Introduction to SEBI. regulations. 3. Factoring: Features. components and mechanism of the financial system. UNIT – III Leasing-Introduction.Khan V. UNIT – II Merchant Banking: Functions and SEBI regulations and Non Fund-based and Fund-based activities including role in mobilization of funds. Bansal M. 7 . UNIT – I An overview of Indian financial system: Introduction. 4. Verna Lalit K. legal and accounting aspects especially in Indian context. Bhole J. 2. and Indian experiences.

Linkage Between Perception and Individual Decision Making-ethics in decision making.challenges and opportunities for O. bounded rationality.Cognitive dissonance theory-ValueMeasuring Job satisfaction-The effect of job satisfaction on employee performance. Leadership : Understanding Leadership-Leadership Theories-Trait TheoriesBehavioral Theories-Contingency. understanding. Personality Determinants.ORGANIZATION BEHAVIOUR MFC – 201 Objective: To provide a strong conceptual frame work for the study. emotional quotient.B. and application of organization behaviour and to apply behavioral techniques to manage human resources in a better manner.Personality Traits The big five model.Sources and Types . Dynamics of Informal Groups: Norms and Roles in Informal Groups-Nature. UNIT-II Perception : Factors Influencing Perception-Perceptual Selectivity-rational decision making model. Significance and management of Informal Organization-Dynamics of Formal Work Group-Teams in the Modern Workplace-Teams Vs Groups-Types of Teams-Quality Circles. UNIT-III The Group : Foundations of Group Behaviour : Stages of Group Development: The Five-Stage Model. application of the learning theories behaviour modification. Attitudes. UNIT-I Introduction : OB : Fields contributing to OB. Motivation : From concepts to Applications. theories of Job Satisfaction. Values and Job Satisfaction : The Nature and Dimensions of Attitudes: Components of Attitude. Theories-Leadership Styles-Leadership SkillsDeterminants of Leadership-Challenges to leaderships in virtual teams. workforce diversity. The Individual : Foundations of Individual Behaviour : -Biographical characteristics. ability-Job fit. Managers' roles and functions. Personality and Emotional Quotient (EQ): The Meaning of Personality. OB in the context of globalization. Group decision-making Communication and group decision making. 8 .

Tata McGrew Hill Uma Sekhran . Decentralization. Organization Designs: Project Design-matrix Design-Network Design.. Conflict & Inter Group ehaviour & Collaboration: Sources of Conflict. Ashwathappa. Organization Theories. Departmentalization. References: K. Negotiations-Approaches to Conflict ManagementCollaboration. India 9 . Organizational Behaviour Gary Desslar. Flat and Tall Structures. Interpersonal Conflict.UNIT-IV Foundation of Organization Structure : Understanding Organizational StructureCentralization. Organization Behaviour . Prentice Hall. Organizational Conflict.The Virtual Organizations-Horizontal Organizations. Work Stress : Causes of Stress-Organizational and Extra Organizational StressorsGroup Stressors-Individual Stressors Stress coping Strategies. Power & Politics : Definitions of Power-Distinction Between Power and AuthorityBases of Power-Power Structure and Block-impression management-political behaviour in organizations. Inter-group Behaviour and Conflict. Intraindividual Conflict. HR Policies and practices.

duties. Student’s guide to Economic Laws 2001. G. K. 2002. V. borrowing power of the company. Taxman Allied Services Pvt. rights of consumers. Singh. liabilities and powers. memorandum of association. Eastern Book Co. intellectual property rights. objectives of Environment Protection Act 1986. their appointment. provisions of FEMA dealing with regulation and management of foreign exchange. UNIT – I Corporate personality. share capital. duties and obligations of business organization under Environment Protection Act 1986. UNIT – IV Objectives of Consumer Protection Act. features of company. UNIT – II Management of companies. Company law. India. References: Datey. S. K. meetings of a company.. provisions of SEBI act dealing with takeover and substantial acquisition of shares. Shares. directors. shareholders and members.. registration and incorporation. objectives of SEBI. scope and extent of the Act. articles of association. Procedure for filing complaints. Company law & practices. 10 . 1986. prospectus. Ltd. economic offences and penalties.REGULATORY FRAMEWORK FOR BUSINESS MFC-202 Objective: The objective of this course is to introduce the students with different legal aspects of business. and Kapoor. changes and their registration.. Competition Act. A. A. UNIT – III Objectives of Foreign Exchange Management Act. buyback of shares and investor protection. Majumdar. Limited liability partnership.

UNIT – I Introduction to Financial Management. R. Estimation of working capital. : Financial Management and Policy : Financial Management. and Myers. Components. UNIT – III Working Capital Management. : Principles of Corporate Finance. Tata McGraw Hill. Vanhorne Pandey. Sources of funds. shareholder value creation. Capital Structure and firm value. Brealey. Divestiture. Business failure and reorganization. Decision Rules. inventory management and accounts payable management. I. S.FINANCIAL MANAGEMENT AND POLICY MFC – 203 Objective: To impart the students a thorough knowledge about the issues involving financing policies and investment decision making in a business. Dividend theories. References: James. classification: need and adequacy of working capital. objectives and functions of financial management. UNIT – IV Investment Decision Making: Estimating cash flows. Vikas Publishing House. C.An overview. Leveraged buy out and spin off. determinants of dividend policy.C. Management Of working capital: Cash and marketable securities management. UNIT – II Cost of Capital. receivable management. Changing role of financial manager. 11 . Corporate Restructuring: Merger. Acquisition. Project Choice (including under Risk and Uncertainty). working capital approaches. Capital Structure Decision.M. consolidation.A.

Das Gupta 2. Type-I and Type – II errors. Students and Fisher’s F. Tests concerning mean difference between mean (large and small samples). UNIT-II Simple correlation and Regression (including Multiple regression) Probability: Fundamental concepts.square. Linear programming. Assignment Problems. Inventory and Waiting Line Models Inventory Control – Deterministic Models and Probability Models References: 1. UNIT-IV Introduction to operation research an overview. Event. A. I & II Statistics: An Introductory Analysis Quantitative Techniques in Management Statistical Method Operations Research 12 . This course is to acquaint the applications of operations research to business decision making. S.Test. Gupta & K. UNIT-I Introduction to Statistics. Measures of Central Tendency. Frequency distribution. Concepts and applications of Chi. Tests of Significance: Tests of Hypothesis. Index Number. B. Goon. Measures of Dispersion and Skewness. multiplication law. Mutually exclusive events. M. (Simple Method) Transportation Problem. P. P. D. M.random experiment. Gupta. Tara Yamene 3. Definition of probability classical and statistical.K. null hypothesis and significance tests.QUANTITATIVE TECHNIQUES MFC – 204 Objective: This course aims at appraising the students of various quantitative techniques which can facilitate business decision making. Sharma Fundamentals of Statistics Vol. Time series analysis. conditional probability and Bayes Theorem. M. (Graphical Method) Linear programming. M.Binomial Poisson and Normal characteristics and applications. UNIT-III Theoretical Distribution. Gupta 5. Exhaustive events. Vohra 4. Concepts of addition law.

legal concerns. E – Commerce – The Cutting Edge of Business Tata McGraw Hill. Bajaj. website design principles. International rules of law in respect of E – business.commerce and its utility to the corporate world. UNIT .commerce in the company. References: Diwan.E – COMMERCE MFC – 205 Objective: The paper attempts to make students understand the role of e. Issues in Electronic commerce Security concerns. E – business & Procurement. the ecommerce Infrastructure. Rave and Shinston Andrew B. price. UNIT –III Electronic payment systems and its role in e. place and promotion. Electronic Data Interchange – concepts and role. Addison Wesley. New Delhi.Resources & Planning for infrastructure. UNIT -II E – business Marketing strategies related to product. B2B & other business models. Kalakota. Building E – business Websites – Role of Website in e – business. : : 13 . website strategies. Delhi. Taxation concerns. Taxation issues of E – Business & E – Commerce. E – business & supply chain Management. Frontiers of Electronic Commerce. Kamlesh K. types of e.business. UNIT –IV Cyber laws in India and its limitations. Vanity Books International. Prag and Sunil Sharma : Electronic Commerce – A Manager’s guide to E– Business. The course also makes students learn issues related to implementation of e.I E – commerce Business Model & Concepts: B2C. Regulatory framework for E – Business.payment systems.

Use of non programmable calculators by the students in the Examination Hall is allowed. MFC Part-II Total Marks: 600 Marks MFC-201 MIS and Computer Application in Accounting Max 100=80+20* MFC-202 Financial Management and Policy -doMFC-203 Security Analysis and Investment Management -doMFC-204 International Finance MFC-205 Viva-Voce (Comprehensive) MFC-206 Any one of the following: i. N. Training Report and Viva-Voce ii. 2. selecting two or three questions from each unit. International Business and Corporate -do-do-do- *These marks constitute internal assessment 14 .B. Financial Analysis and Engineering vi. Instructions to the paper setters: Maximum Marks: 80. Project Report and Viva-Voce iii.MFC PART II (2011-2012) Note: 1. THERE WILL BE FOUR UNITS: Set 10 questions in all.Maximum marks for external/written examination are 80 marks and Internal Assessment is 20 marks.The duration of the examination in each subject will be 3 hours. Management of Services (Insurance and Banks) -doMax Marks:100 -do-doMax 100=80+20* Marks: iv. The calculators will not be provided by the University. Management Control System Governance v. The students are required to answer five questions in all selecting at least one question from each unit.

UNIT-I MANAGEMENT INFORMATION SYSTEMS: • Introduction to Information Systems • Information Systems for competitive advantage • Systems approach to problem solving • Developing.MFC-201: MANAGEMENT INFORMATION SYSTEMS AND COMPUTER APPLICATION IN ACCOUNTING Max Marks: 80 OBJECTIVES: The course is designed to develop skills in identifying and analyzing information needs for managerial decision making. Evaluation and Maintenance of MIS • Difficulties encountered in MIS Development • Information Systems in Marketing Operations. Accounting and Finance UNIT-III COMPUTER APPLICATION IN ACCOUNTING: • • • • • • Introduction to Computers Accounting Information Systems Spreadsheet Software and Managerial Application Nominal sales and purchase ledger maintenance and reporting Stock control – tracking stock movements – Traditional: Rush Manufacturing: Pull Manufacturing Sales order processing and reporting – In Web – based business environment. The course aims at harnessing. HRM.S. and to develop the abilities of the students to design and evaluate management control system. 15 . information technology in various functional areas so as to equip in developing prototype systems.I. • Systems Analysis and Design • Implementation. Information system solutions • Management of Information as a resource • Technical aspect of Information System • Managerial overview of telecommunications and database management UNIT-II • Transaction processing and reporting systems • Decision support systems • Project Planning for M.

New Delhi. Information Systems for Managers. Galgotia Publ. Effective Writing: A Handbook for Accountants. Bhatia (1999). Concepts: Foundations. 8. Spreadsheet Accounting. Management Information System. 11. McGraw Hill. Course Technology. Information System for Management. 16 . Murdick and Ross. 2000. Managerial Application of Computers: Computer based Financial System and Inventory System Internet and Corporate Finance Online Treasury and Cash Management Online Share Trading E . Schaber and R. 10. G. Managerial End User Perspective. May.H. Claire May and Gordon S. G. 1995. IVth Ed. Microsoft office 2000 Excel Comprehensive 9. 6. Prentice Hall India (Pvt. 1991.B and M. D. 3.Banking REFERENCES: 1. C. 7.) Ltd. Management Information Systems.E. Integrated Accounting-Using ACCPAC BEDFORD Software. Shelly Cashman. Arora. Gee (San Diego Mesa College). James O’ Brien (1998). Glencoe. Anders. New Delhi. Kanter.D. 2. Klooster & Allen. Tata McGraw Hill.UNIT-IV • • • • • • E – Analysis of financial statements – for External and Internal use. 4. Laudon and Laudon (1996). New Delhi.H. Computer Accounting Applications Using Business Works. Excel Books. Davis. Fish. 5. A and A. J.. Management Information Systems. Olson (2000).Tutorial and Applications. (Fourth Edition). Management Information Systems. Roger A..R.

UNIT-I Introduction to Financial Management. Changing role of financial manager. Hamton. Business failure and reorganization. working capital approaches. Richard A. Acquisition. : Principals of Corporate Finance Myers 4. UNIT-IV Investment Decision Market: Estimating cash flows-Cost of Capital Decision Rules. Van Horne : Financial Management and Policy 2. receivable management. UNIT-II Cost of Capital. UNIT-III Working Capital Management –An overview.Organizing and following up of Investment Decision. : Financial Decision Making 3. Ratio analysis for working capital management. Estimation of working capital. Financing working capital: Market and Bank Finance: its framework. techniques and process of financial management in the realm of corporate policy decision making. Components. objective and functions of financial management. long term Financing.MFC-202: FINANCIAL MANAGEMENT AND POLICY Max Marks: 80 OBJECTIVES: To develop a conceptual framework of finance functions and to acquaint the participants with the tools. Pandey : Financial Management 5. shareholder value creation. Prasana Chandra : Financial Management 17 . Project Choice under uncertainty and risk. REFERENCES: 1. Leveraged buy out and spin off. Corporate Restructuring: Merger. Capital Structure Decision. Divestiture.M. Classification: need and adequacy of working capital. Consolidation. Management of working capital: Cash and marketable securities management. Dividend theories. Introduction to risk and return. Introduction to Treasury Management. Analysis of non-financial aspect including social cost benefit analysis. assessment and approval. I. Present value. John J. Breally and Stewart C. Capital Structure: An overview of financing choice – market efficiency lessons for Corporate Finance-Capital Structure and firm value. Non-Bank finance working capital and banking policies. determinants of dividend policy. inventory management and accounts payable management.

relevance in investment decisions. SML. UNIT-I Investment Scenario: Concept of Investment. UNIT-III Capital Market Theory: Capital Asset Pricing Model (CAPM). Arbitrage. Stock Index Futures. Put and Call Options. Point and Finger Charts. Option Valuation Models (Binomial and Black and Schole Model) Valuation of Bonds with put and call options. Organization and management. Risk Association with Options. Analysis Diversification. Rebalancing. applications of SML. Contrarian Opinion Theories. Selection and Revision of Equity Portfolios. Sources of financial information. Dow Theory. Investment Objectives and Constraints. Security and non. listing of securities. Portfolio Upgrading Investment timing Formula Plans. Bar Charts. Advantage of Managed Portfolio Management Performance Evaluation. Investment policies of individuals. institutions and investment companies. Technical Analysis: Theory of Technical Analysis. Moving Average Analysis. Trading and Settlement procedure. Semi Strong and forms of efficiency. Managed Portfolio and Performance Measurement: Classification. Bond Portfolio Management Strategies. Pricing Theory (APT). Stock Market in India. Fundamental Analysis: Economic analysis. Ex-post and Ex-ante SMLs. Investment process. Futures: Definition. Application of Index Futures in Portfolio management: Pricing of Index Future Contracts. Portfolio Revision. Empirical test of EMH. UNIT-IV Options: Definition. Shape’s Treynor’s and Jensen’s Performance measure for Portfolios. Relative Strength Analysis. Interest Rates Futures. 18 . Application of Index Futures. Industry Analysis. Company Analysis. Single Index Model. and Investments.Security Forms of Investment. UNIT-II Valuation of fixed Income Investments and Valuation of Equity Shares. Constant Ratio Plan. Methods for Calculating Ratio of Return. Constant Dollar Value Plan. Valuable Ratio Plan. Portfolio Risk and Return.MFC-203: SECURITY ANALYSIS AND INVESTMENT MANAGEMENT Max Marks: 80 OBJECTIVES: The objective of this course is to develop a conceptual framework for the study of security analysis and portfolio management. Markowitz Risk-return optimization. Strategies using options: Evaluation of Option based investment strategies. Determinants of Option Value. Efficient Market Hypothesis Weak.

Chand and Company Limited. Prentice Hall Anthony F. Bhalla : Investment Management.I. Fredrick Amling : Investments. : Investment Analysis and ManagementBear Harpera and Row William F.K. : Investment P.REFERENCES: 1. 3. 4. Curley and Robert M. 2.An Introduction to Analysis and Management. Sharpe and Gordon J. 5. S.H. 19 . Alender Jack Clark Francis : Management of Investments Mc Graw Hill V.

UNIT-II: Forex Risk Management Cash. 4. International Financial Flows. Rodriquez 2. Evaluation of foreign direct investment difficulties.Equity and bond investments. UNIT-IV: International Financial Regulation and Strategies Forex Regulation and Control. 25 and 30) set by the International Accounting Standards committee. International aspect of Long-term financing. Exchange Rate-Determination and Forecasting.MFC-204: INTERNATIONAL FINANCE Max Marks: 80 OBJECTIVES: To provide insight to the management of financial environment in international context.A. 5. UNIT-III: International Working Capital Management Financing Foreign Trade Short term financial markets and management Euro Dollar and Euro Currencies.Avadhani : International Finance Management : International Finance : : : : International Accounting Multinational Financial Management International Financial Management International Financial Theory and Practice : International Finance 20 7. International Financing Decisions-Long term financial markets. Management of risk and exposure through hedging and speculation. Spot. the Balance of Payment Framework. Foreign Exchange risk and exposure-nature of exchange rate risk. 7-11. (b) International Accounting Internationalization of accounting profession. International dimensions of cash managements. receivable management and inventory management. UNIT-I: (a) International Financial Environment and International Accounting International Economic Issues and Dimensions. Mauric D. 2. accounting exposure. 16-23. International Investment Strategy: relating to capital structure & cost of capital. economic exposure and translation exposure. Need for international Accounting Standards and critical review Accounting Standards (1. Forex: Markets and Instruments. 4. Manju Aggarwal . Harmonization of Accounting Standards. Shirin Rathore Shapiro Apte V. REFERENCES: 1. forward and options markets. Finance Function in a MultiNational Firm. International Financial System and Institutions. Levi 3. 6.

MFC-205: Max Marks: 100 VIVA – VOCE (Comprehensive VIVA – VOCE based on the curriculum of both the years of MFC) MFC 206: Any One of the following: i) ii) iii) iv) v) vi) Training Report and Viva-Voce Project Report and Viva.Voce Management of Services (Insurance and Banks) Management Control System and Corporate Governance Financial Analysis and Engineering International Business 21 .

Nature of insurance contract. S. Spread Management. Sharma 4. Asset – Liability Management. Bank Investments. Deregulation of Financial Services in India. Joshi 12. UNIT-I Role of Commercial Banks and Development Banks in the development of Indian Economy. Richard Hands Combe 14. UNIT-IV Insurance and Capital Market in India.S. Management and Policies of Life Insurance.S. Tandon 9. Attitude towards Insurance cores. Marine. Insurance and Taxation. BOOKS FOR REFERENCES: 1. Principles of Life. Organization. NCAER 2. R. General Insurance in India-Organization and Management of General Insurance in India.N.R. UNIT-III History of Insurance.P. H. S. Heubnes & Kemnch Black 6. Marketing of Insurance Policies. Reserve Bank of India and its functions. N. Liberalization in financial services. Singh 13. S. Corporate Planning in Banks. Narasimhan Committee Report. Timathyw Koch S. Verma Committee Report and other recent developments in India Banking.K.MFC-206 (iii) MANAGEMENT OF SERVICE-(BANKING AND INSURANCE) Max Marks: 80 OBJECTIVES: The course will apprise the students with the management of banking and Insurance. Fire. Scott Macdonald : : : : : : : : : : : : : : Attitude Towards Insurance Cover Insurance Principles and Practice Organization of Indian Insurance Insurance Principles and Practice Life Insurance Yogashekama. Magzine 7. Corporations. Varshney 10.N. P. Insurance Post Law and Practice of Banking Banking Law and Practice in India Banking Law and Practice Commercial Banking Managing Indian Banks Banking Sectors Management Banker’s Management Bank Management 22 . Deva 8. Insurance and Information Technology. Business Planning. Accident and other forms of general Insurance. Risk Management. Life insurance in India. Reed Cottors 11.L. Nature of General Insurance. Sharma 3. Misra 5. UNIT-II Prudential Norms. M. Role in National Economy. Bank Marketing. NPA’s and Income Recognition Norms. Personnel Management and Office Administration. Investment Risk Management. Application of Management Concepts in the field of Insurance.

Corporate Governance and Financial Performance.S.C. Quality of Financial disclosures. 23 . UNIT-II Performance Measurement – The Techniques. Measuring and Controlling Assets Employed-Structure of the Analysis. Information and Formal Control System. Green Bury Committee on Director’s Remuneration.MFC-206 (iv) MANAGEMENT CONTROL SYSTEM AND CORPORATE GOVERNANCE Max Marks: 80 UNIT-I Nature and Scop of M. Manufacturing. Computer integrated. Principles of Corporate Governance. UNIT-III CORPORATE GOVERNANCE: Meaning. Multinational Organization and M. – Basic concepts. Measuring assets. Performance Shares. Revolution in Management Control. Positioning of Management Accounting in Managerial Control. Interactive Control. Behaviour in Organization – Goal congruence. Performance Criteria and Agency Theory.. UNIT-IV Corporate Governance-Global perspective. Corporate level Strategies. Boundaries of Management Control.C. employed Financial Performance-EVA Vs ROI Alternative Approaches. Management Compensation-Characteristics of Incentive Compensation Plans. Administration of Transfer Prices. OECD principles of Corporate Governance. committee’s on Corporate Governance. Controls for differentiated. Relationship between Corporate Governance and Corporate Strategy. Hampel Committee Report. Business Unit Strategies. Stock Options. Performance Measurement-Information used in Control System.C. CACH Guidelines on Principles of Corporate Governance and Global Corporate Governance forum. Types of Organization. Audit Committee. reporting and transparency. Modern Control Methods-Just-in-time (JIT). Pricing Corporate Services. Corporate Governance and Investors Relationship Management. Emerging Management Control Systems. Functions of the Controller. Role and Importance of Corporate Governance. Cadbury Committee on financial aspects of Corporate Governance. Decision Support Systems. Harmonisation of Accounting Standards.S. Factors influencing quality of Governance. Phantom Shares.C. Service Organisations and Financial Service Organisations and M. M.S. Blue Ribbon Committee on improving the effectiveness of Corporate Audit. Projects. Total Quality Management.

1999.Corporate Governance in India. 6. Harvard Business Review 12 CII JOURNALS: 1. 6. Data : Management Control System Accounting-A Managerial : Cost Emphasis Accounting and : Managements Behaviour Science : Cost Accounting-A Managerial Emphasis : Financial Management and Policy : Corporate Governance: The New Paradig. Evaluation and Using Cost.D. CII. 1998) 10. 1998) : Corporate Governance: A Question of Ethics (N. (N. 4. 8. 9. 3. 2000) : Corporate Board and Governance (N. Anthony Horgrew and Datar Edwin H. CII Code-Desirable Corporate Governance (1998 Kumar Mangalam Birla Committee on Corporate Governance. 1998) : Harvard Business Review on Corporate Governance (Boston. Gopalsamy Surendar Kumar : Cost Accounting: Planning and Control : Cost Accounting: Processing. 5. Wheeler Pub.Committee’s on Corporate Governance. N. Galgotia Pub.D.1999. REFERENCES: 1. Securities Laws (Amendment) Act. recent developments.D. 2. 5. Companies (Appointment of Small Shareholders’ Director) Rules. Harvard Business Review Chartered Accountant Chartered Financial Analyst Chartered Secretary Management Accountant SEBI and Corporate Laws 24 . 2. The Companies (Amendment) Act. Caplan Homgren and Foster Van Home N. 3. HBS.D. 2001). Balasubramanian 11. 2K) Desirable Corporate Governance: A Code (N. 4. 2001 and SEBI efforts for Corporate Governance. 7. Steling Pub. Usey and Hammer Morse and Rodh Robert N.

This course also helps in developing skills to analyse and interprets financial statements. Equity and Equity related instruments. Relation between cash flows forms operating.Periodic cash flow. investing and financial activities. cost of sales and expenses. Earnings quality and earnings persistence.MFC-206 (v) FINANCIAL ANALYSIS AND ENGINEERING Max Marks: 80 Objective: The course aims at enabling the students to understand and analyse financial problems and developing their skills for solutions of these problems with the help of innovative financial processes. Knowledge base and skills required for financial engineering. instruments and strategies. UNIT-I Short-Term Liquidity Analysis: Working capital analysis. theoretical Vs actual P/E ratios. Calculating and disaggregating rate on return on assets and rate of return on capital employed. Analysis of financial statement in the context of forecasting. Operating activity Analysis. forwards. factors contributing to the growth of financial engineering. residual value and cost of capital Earnings based Development of theoretical model. balance sheet considerations. Analysing the impact of inflation and intangibles on financial statements. Statement of cash flows. Long term Debt paying Ability-income statement considerations. distress analysis and corporate restructuring. Liquidity considerations not on the face of financial statements. Special items that influence a firm’s long term debt paying ability-joint ventures and long term debt paying ability-joint ventures and long term leasing. Debt market innovations. UNIT-III Introduction of financial engineering. revenues. Physical tools of the financial manager. Valuation: Cash Flow Based. UNIT-II Profitability Analysis: Analysing company profitability. swaps and options. product development. Cash Forecasting Short term and long term. application of theoretical P/E model. 25 . futures.

4. Shapiro : : : : : : : Financial Statement Analysis (Prentice Hall) Financial Statement Analysis (Irwin)(Mc-GrawHill) Financial Reporting and Statement Analysis (The Dryden Pr. REFERENCES: 1. Bansal P. Marshall and Vipul K. 3.) Financial Engineering. corporate restructuring. Effect of globlisation and technology on financial engineering.I. synthetic instruments. Thomson Allan C. 2. Apte Terry J. Legal aspects of innovative financial products. tax driven deals. hedging and related risk management techniques. 6. leveraged buyouts. Future directions in financial engineering. International Financial Management Futures and Options in Risk Management Multinational Financial Management 26 . takeovers.G.UNIT-IV Financial Engineering processes and strategies. P. 7. George Foster Bernstein Leopold A Stickney/Brown Johon F. Watsham. asset liability management. 5.H.

Recent changes in International Money & Capital Markets. Free Trade Vs Protection. Swaps. Opportunity Cost Theory. Futures & Options. Fixed & Flexible Exchange Rate. Heckscher-Ohlin Theory. Capital Account convertibility. Further providing an understanding of Export Financing. Foreign collaboration. Balance of trade & Balance of payments. UNIT-II Foreign Exchange Rate determination. Price Equalization Theorem: Gains from Trade and Terms of Trade. special export zones. ICDs. The main emphasis is also laid on developing a systematic approach to handle foreign trade transaction. Customs & Port clearance. Containerization in India. Export constraints. Export –Import Procedures and the various operations involved. 27 . Marine Insurance. An overview. Spot & Forward Exchange rate. Foreign Direct investment in India.MFC: 206 (vi) INTERNATIONAL BUSINESS Max Marks: 80 OBJECTIVES: The objective of this course is to acquaint the students with the current India’s foreign trade policies and the economic aspects relating to international trade. Project & Consultancy Exports. Foreign Trade Multiples. International Financial Market. Tariffs and Non-Tariffs Business to Trade. The course will provide an understanding of the theories of trade. Processing of an Export Import order: Procedures & documents related to quality control. Export Promotion Measures. UNIT-I Export-Import Policy (1997-2002). Export promotion and institutional set up. UNIT-III Basis of internal Trade: Theories of Internal Trade: Classical Theory. Export House/Trading House/Star Trading House/Super Star Trading House: Role of State Trading in Exports. different monetary institutions and the economic environment for international trade. Foreign Exchange Market. 100% Export Oriented Units. Trends in world trade direction & its composition.

: : Indian Export & Import Policies Ministry of Commerce. 2. New Delhi. IDA. Govt. 6.UNIT-IV Regional Economic Groupings. 17. Varshney & Bhattacharya 19. 16. Govt. 3. Report of Working Group on Export Houses 9. of India. : : : : : : : International Economics International Economics International Trade. Jain Nablus Export-Import (1947-2002) G. Soderston & 10.C. Paras Ram S. RBI 7. Foreign Exchange Manual & Procedures. SAARC. 15. Kindlebenger 12. B. 14. ASEA W.L. Kraurs (cd. of India. Emerging issues & implications on India’s trade. functions & role. 18. International Economic Environment. Verma Economic Survey. New Delhi Financing of Foreign Trade & Foreign Exchange Foreign Exchange Manual. New Delhi. Lall : : : Policy : : Exports What. Heller 13. 5. Ministry of Commerce. Legal Environment for International Trade. UNCTAD. REFERENCES: 1. Ministry of Finance. Theory & Evidence The Economic of Integrates International Economics International Commodity Policy International Economics Empirical : International Economics _________________________ 28 . WTO.) Grubel Singer.O. Ministry of – Commerce. ADB its structure. Deepak Nayyar 8.S. IMF: Structure & Functions. Where & How. New International Economic Order. Economic Survey. European Union. APEC. IBRD. Govt. Structure of International Economic & Monetary System. Hatti Tandon M. 4. International liquidity. New Delhi. Geoffrey 11. Their set up & performance & trade waith India. of India. Export Procedures & Documents. Foreign Exchange Manual “Reserve Bank of India”.

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