Lingaya's University

Vill.- Nachauli, Jasana- Faridabad Road, Fbd., India

Syllabus of BBA (Financial Services) Programme
w.e.f. the Academic Year 2016-17

A brief description of the Programme:

This self-financed Undergraduate programme is being offered by Lingaya's University, Fbd.

Purpose:
The financial sector is one of the most rapidly growing service sectors in India as well as in
the world, and offers huge employment opportunities. Presently, at Lingaya's University,
specialization in Finance is only a Post-Graduate option [MBA, MBA (Financial Services)],
and not all students can pursue a Post-Graduate degree. The BBA (Financial Services)
programme aims to develop students’ knowledge and skills in the vast areas of Finance and
can help students gain entry into the Financial Services sector.

Prerequisites:
For entry into this programme, a student must have passed Standard XII in any stream of the
CBSE/State Board of Secondary and Higher Secondary Education or any other equivalent
examination recognized by CBSE or other state board.

Number of semesters, How the courses are distributed:

This is a six-semester choice-based credit programme spread over three years. Each student
has to complete a total of 160 credits. In each semester, there is a mix of 2, 3 and 4 credit
courses. 2-credit courses (each of 50 marks) are conducted in 3 weekly sessions of 45
minutes each; 3-credit courses (each of 75 marks) are conducted in a 4 weekly sessions of 45
minutes each; 4-credit courses (each of 100 marks) are conducted in 5 weekly sessions of 45
minutes each

Internship and Project:

During the course of the 3-year programme, students complete 2 summer internships –
between Semesters II & III and between Semesters IV & V, based on which they write
project reports and present seminars. This exposure to the world of work helps them relate
their theoretical knowledge to the real world, and gives students the competitive edge needed
when applying for jobs.

The table on the next page lists the semester-wise courses under the programme. A
description of each of the courses is given in subsequent pages.

1
 BACHELOR OF BUSINESS ADMINISTRATION (FINANCIAL SERVICES)
Programme Structure w.e.f. academic year 2016-17

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

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

Pg.
Code Course Credits Marks L-T-P No.

SEMESTER I
5-6
101 Environmental Studies-I 2 50 3-0-0
7
102 Business Mathematics 2 50 3-0-0
8
103 Life Insurance 3 75 4-0-0
9
104 Soft Skills-I 3 75 4-0-0
10-11
105 Microeconomics 4 100 5-0-0
12-13
106 Essentials of Management - I 4 100 5-0-0
14
107 Fundamentals of Accounting 4 100 5-0-0
15
108 Indian Financial System 4 100 5-0-0
16
109 IT Skills-I 2 50 1-0-2

Total 28 700

SEMESTER II
17-18
201 Environmental Studies-II 2 50 3-0-0
18
202 Practical Banking-I 2 50 0-0-2
19
203 Research Methodology-I 3 75 4-0-0
20
204 Soft Skills-II 3 75 4-0-0
21
205 Essentials of Management - II 4 100 5-0-0
22-23
206 Financial & Cost Accounting 4 100 5-0-0
24
207 Indian Banking System 4 100 5-0-0
25
208 Data Analysis & Quantitative Techniques 4 100 5-0-0
26
209 IT Skills-II 2 50 1-0-2

Total 28 700

2
SEMESTER III
27
301 Summer Internship Report 4 100
27
302 Summer Internship Seminar 2 50
27
303 Practical Banking-II 2 50 0-0-2
28
304 Quantitative Skills 2 50 3-0-0
29
305 Banking Operations 4 100 5-0-0
30
306 Financial Services - I 4 100 5-0-0
31-32
307 Indian Securities Markets 4 100 5-0-0
33-34
308 Financial Management 4 100 5-0-0

Total 26 650

SEMESTER IV
35
401 General Insurance 2 50 3-0-0
36
402 Research Methodology-II 2 50 3-0-0
37
403 Soft Skills-III 2 50 3-0-0
38-39
404 Direct Taxes 4 100 5-0-0
40
405 Management Accounting 4 100 5-0-0
41
406 Stock Market Operations 4 100 5-0-0
42-43
407 Financial Services - II 4 100 5-0-0
44-45
408 Macroeconomics 4 100 5-0-0

Total 26 650

3
SEMESTER V

46
501 Summer Internship Report 4/8 100/200
46
502 Summer Internship Seminar 2/3 50/75
46
503 Current Business & Finance Issues-I 2 50 3-0-0
47
504 Soft Skills-IV 2 50 3-0-0
48
505 Accounting for Financial Services 4 100 5-0-0
49
506 Indirect Taxes 4 100 5-0-0
50
507 Corporate Finance 4 100 5-0-0
51-52
508 Derivatives and Commodity Markets 4 100 5-0-0

Total 26 650

SEMESTER VI
53
601 Current Business & Finance Issues-II 2 50 3-0-0
54-55
602 Business & Financial Sector Legislation 2 50 3-0-0
Financial Statement Analysis and Decision- 56
603 Making 3 75 4-0-0
57-58
604 E-Commerce 3 75 4-0-0
59
605 Security Analysis and Portfolio Management 4 100 5-0-0
60
606 Strategic Management 4 100 5-0-0
International Finance & Foreign Exchange 61-62
607 Markets 4 100 5-0-0
63
608 Corporate Restructuring 4 100 5-0-0

Total 26 650

TOTAL CREDITS 160 4000

4
 101: ENVIRONMENTAL STUDIES-I (2 credits: 50 marks)

Objective: To sensitize the students to current environmental issues and educate them
about their role in and protection of the environment

Unit 1: The Multi-Disciplinary Nature of Environmental Studies

Definition, scope and importance; need for public awareness

Unit 2: Natural Resources

Renewable and Non-renewable resources: natural resources and associated problems
a) Forest Resources: use and over-exploitation; deforestation; case studies; timber
extraction, mining, dams and their effects on forest and tribal people
b) Water Resources: use and over-exploitation of surface and ground water; floods,
droughts; conflicts over water; dams- benefits and problems
c) Mineral Resources: use and exploitation; environmental effects of extracting and
using mineral resources; case studies
d) Food Resources: World food problems; changes caused by agriculture and
overgrazing; effects of modern agriculture; fertilizer-pesticide problems;
waterlogging, salinity; case studies
e) Energy Resources: growing energy needs; renewable and non-renewable energy
sources; use of alternative energy sources; case studies
f) Land Resources: land as a resource; land degradation; man-induced landslides, soil
erosion and desertification
Role of an individual in conservation of natural resources; equitable use of resources
for sustainable lifestyles

Unit 3: Ecosystems
Concept of an ecosystem; structure and functions of ecosystems; producers,
consumers and decomposers; energy flow in the ecosystem; ecological succession;
food chains, food webs and ecological pyramids Introduction, types, features,
structure and functions of the following ecosystems: forest ecosystem, grassland
ecosystem, desert ecosystem, aquatic ecosystem (ponds, streams, lakes, rivers, seas,
estuaries)

Unit 4: Biodiversity and its Conservation

Introduction – definition, genetic, species and ecosystem diversity; bio-geographical
classification of India; value of biodiversity – consumptive use productive use, social,
ethical, esthetic and option values; biodiversity at local, regional, national and
international levels; India as a mega-diversity nation; hotspots of biodiversity; threats
to biodiversity – habitat loss, poaching of wildlife, man-wildlife conflicts; endangered

5
and endemic species of India; conservation of biodiversity – in-situ and ex-situ
conservation

Recommended Readings
Agarwal K.C. (2001): Environmental Biology, Bikaner, Nidi
Bharucha E.: The Biodiversity of India, Ahmedabad, Mapin
Bharucha E.: Textbook of Environmental Studies
Brunner R. C. (1989): Hazardous Waste Incineration, New York, McGraw-Hill)
Chatwal G. R. & Sharma H. (2005): A Textbook of Environmental Studies, Mumbai,
Himalaya
Clark R.S.: Marine Pollution, Oxford, Clanderson
Cunningham W. P., Cooper T. H., Gorani E. & Hepworth M. T. (2001):
Environmental Encyclopaedia, Mumbai, Jaico
De A. K.: Environmental Chemistry, Wiley
Desai R. J. (2003): Environmental Studies, Mumbai, Vipul
Gleick H. P. (1993): Water in Crisis, Stockholm Envt. Institute, OUP
Hawkins R. E.: Encyclopaedia of Indian Natural History, Mumbai, BNHS

6
 102: BUSINESS MATHEMATICS (2 credits: 50 marks)

Objective: To develop the students’ quantitative skills and make them proficient in
various mathematical techniques which are useful in the world of business and
finance.

Unit 1: Theory of equations (20% marks)

Simple linear and Simultaneous equations, elimination and substitution method,
Quadratic equations- factorization and formula method (8 lectures)

Unit 2: Progression (20% marks)

st
Arithmetic progression- finding the nth term and sum of 1 n terms of an A.P.
Geometric progression- finding the nth term and sum of 1st n terms of a G.P.
Business application of A.P. and G.P. (7 lectures)

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

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

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

Simple interest, Compound interest, Annuity, Discounting, Present and Future Value
of annuity, Sinking fund (13 lectures)

References:
Dikshit A. & Jain J. K. (2005): Business Mathematics, Mumbai, Himalaya, 1e
Goel A. & Goel A. (2005): Mathematics and Statistics for CA Professional
Examination, New Delhi, Taxmann, 3e
Arora P. N. & Arora S. (2006): Mathematics, CA - Professional Education
Mazumdar N.: Mathematics for Computers
Joshi N. & S. G. Chitale: Mathematical Techniques

7
 103: LIFE INSURANCE (3 credits: 75 marks)

Objective: to familiarize the student with the basic concepts and principles of
insurance in general, and life insurance in particular

Unit 1: Introduction (20% Marks)

Meaning, Nature/Characteristics of Insurance
Purpose & Need - benefits of Insurance to Individuals & Society
Principles of Insurance,
Types of Insurance
New Insurance Products,
Bancassurance
Present state of Insurance Industry in India (12 lectures)

Unit 2: Legal Framework (20% Marks)

Essential features of Insurance Contracts
Salient features of Insurance Act 1938, LIC Act 1956, GIC Act 1972, IRDA Act
1999, Agency Law, Consumer Protection Act 1986 (12 lectures)

Unit 3: Life Insurance (60% Marks)

Meaning & Importance
Types of Life Insurance Policies
Documentation of Life Insurance Contract
Settlement of Claims
Underwriting of New Business
Servicing of policy holders
Pricing of Life Insurance
Channels of Distribution (32 lectures)

Recommended Readings:
Bodla B. S. (2003): Insurance Fundamentals, Environment and Procedures, New
Delhi, Deep and Deep
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,
Growth & Innovations, New Delhi, Tata-McGraw Hill, 3e
Gopal V. S. & Gopal S. (2005): Principles & Practices of Banking & Insurance,
Mumbai, Himalaya
Gupta P. K. (2004): Fundamentals of Insurance, Mumbai, Himalaya
Gupta P. K. (2004): Insurance & Risk Management, Mumbai, Himalaya
Mishra M.N. & Mishra S. B. (2007): Insurance Principles & Practice, New Delhi, S.
Chand & Co., 14e
Periasamy P. (2005): Principles and Practice of Insurance, Mumbai, Himalaya .

8
 104: SOFT SKILLS-I (3 credits: 75 marks)

ORAL COMMUNICATION

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

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

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

Listening Skills – effective listening, and listening in social situations
Reading Skills - How to improve reading skills, How to cultivate the habit of
functional reading, scanning, skimming, rapid reading, careful reading and Fast
reading strategies. (17 lectures)

UNIT 2 - CONVERSATION IN ENGLISH (30% Marks)

Parts of a conversation, Guidelines to improve conversation skills, and conversation in
social situations
Making Introductions in social situations
Social etiquette (17 lectures)

UNIT 3 – PUBLIC SPEAKING (40% Marks)

Preparation and developing the topic
Opening a talk and closing a talk
Rehearsing the talk
Presenting the talk
Drafting frequently made speeches such as welcome, introducing a speaker, a short
talk and vote of thanks (22 lectures)

References/Suggested Reading:
Rao N. & R. P. Das: Communication Skills
Salgaoncar R.: The Pleasure of your company
Rai U. & S.M. Rai: Oral Business Communication, Himalaya Publishing House.
Doctor A. H.: A course in Communication Skills in English

9
 105: MICROECONOMICS (4 credits: 100 marks)

Objective: to give students an understanding of the basic tools of economics and their
application in business; to develop students’ analytical abilities in the area of business
microeconomics

Unit 1: Introduction (10% marks)

Introduction to Economics – definition, scope and subject-matter; basic economic
problems; Microeconomics & Macroeconomics; meaning & scope of business
economics; basic concepts in economics; market and command economies
(5 lectures)

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

Demand Analysis – concept, determinants and demand function, law of demand,
demand schedule and demand curve, exceptions to law of demand, individual and
market demand, rationale for law of demand (brief explanation of price effect, income
effect and substitution effect); demand distinctions; elasticity of demand – types
(price, income, cross and promotional), measurement, determinants and uses of
concept of elasticity (15 lectures)
Supply Analysis – concept, determinants and supply function, law of supply, supply
schedule and supply curve; elasticity of supply (5 lectures)

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

Production – meaning, production function – short-run and long-run; concepts – total,
marginal and average product, inter-relationship; law of variable proportions –
schedule and diagram, stages; Returns to scale – increasing, decreasing and constant
returns to scale; economies and diseconomies of scale (17 lectures)

Cost Analysis: Concepts – private and social cost, opportunity cost, money cost,
economic and accounting costs; short run costs and long run costs – fixed and
variable, total, average and marginal; cost schedules and cost curves
(5 lectures)

Unit 4: Markets & Pricing

Markets (30% marks)
Meaning; revenue concepts and curves; types of market structures – perfect
competition, monopoly, monopolistic competition, oligopoly – features; short-run and
long-run price-output decisions of the firm under each market structure, cartels and
price leadership under oligopoly; price discrimination – meaning and conditions
(18 lectures)

10
Pricing (10% marks)
Price-Output determination, Equilibrium Analysis – shifts in demand and supply and
impact on equilibrium; time element; Pricing methods – cost-plus pricing, skimming
price and penetration price, administered prices, dual prices, pricing over the life-cycle
of a product.
(10 lectures)

Recommended Readings:
Begg D., Fischer S. & Dornbusch R. (1984): Economics, London, McGraw-Hill
Colander D. C. (1994): Economics, Boston, Irwin
Dean J. (1992): Managerial Economics, New Delhi, Prentice-Hall of India
Mehta P. L. (1999): Managerial Economics – Analysis, Problems & Cases, New
Delhi, Sultan Chand & Sons, 6e
Salvatore D. (1999): Managerial Economics, London, McGraw-Hill
Samuelson P. & Nordhaus W. (2000): Economics, New Delhi, Tata McGraw-Hill, 16e
Taylor J. B. (2000): Economics, New Delhi, A.I.T.B.S. 2e

11
 106: ESSENTIALS OF MANAGEMENT-I (4 credits: 100 marks)

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

familiarize the student with the functions and roles of a modern manager; to
emphasize the social responsibility of business and business ethics, using case studies
to supplement classroom teaching with real life applications

Unit 1: Nature of Management (20% marks)

Meaning and Definition, Need and Importance, Management v/s Administration,
Management as an Art, Management as Science, Management as Profession, Levels
of Management, Manager Today: New Challenges (15 lectures)

Unit 2: Functions of Management (25% marks)

Planning: Meaning, Importance, Steps, Essentials and Limitations
Forecasting: Need and Techniques
Decision Making: Type, Process of rational decision making and techniques of
decision making.
Organizing: Elements of organizing and processes, types of organizing, delegation of
authority, centralization, decentralization, span of control, organization chart,
departmentation
Controlling: Meaning, Need, Nature, Importance, Process and Techniques.
(19 lectures)

Unit 3: Managerial Role (25% marks)

Leadership: Meaning, Need, Functions, Qualities, Styles, Theories: Trait,
Behavioural, Situational.
Motivation: Meaning, Importance, Theories: Need Hierarchy, X and Y, Herzberg’s.
Communication: Meaning, Importance, Barriers, overcoming barriers.
Coordination: Need and Importance
Directing, Staffing, Budgeting: Meaning, Importance (in brief)
(19 lectures)

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

Levels of Social Responsibility, Interest groups, Arguments for and against Social
Responsibility, Case Study
Business Ethics: Meaning and Definition, Need and Importance, Principles of Ethics,
Factors, Code of Ethics, Case study (22 lectures)

Recommended Readings:
Appleby R. (1994): Modern Business Administration, London, Pitman
Burton G. & Thakur M. (1996): Management Today–Principles & Practices, New
Delhi, Tata McGraw-Hill

12
Chakraborty S. K. (2005): Ethics in Management –Vedantic Perspectives, New York:
OUP
Chandan J. S. (1997): Management Theory & Practice, New Delhi, Vikas
Hasmer, La Rue & Tone (1989): The Ethics of Management, New Delhi, Universal
Menezes F. (1981): Cases in Management, New Delhi,Tata McGraw-Hill, 2e
Parmanand (2005): A Handbook of Management, Jaipur, ABD, 1e
Prasad L. M. (1998): Principles of Management, New Delhi, Sultan Chand & Sons
Ramasamy T. (2002): Principles of Management, Mumbai, Himalaya, 4e
Sherlekar S. A., Appannaiah H. R. & Reddy P. N. (2003): Business Management,
Mumbai, Himalaya
Srinivasan R. & Chunawalla S. A. (1998): Management Principles and Practice,
Mumbai, Himalaya
Stoner J. & Freeman E. (1994): Principles of Management, New Delhi, Prentice-Hall
Suri R. K. & Chhabra T. N. (1999): Management and Organization, New Delhi,
Vanity

13
 107: FUNDAMENTALS OF ACCOUNTING (4 credits: 100 marks)

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

accounting. At the end of the semester they will be able to prepare the Final accounts
of a Sole trading concern and a Partnership firm.

Unit 1: Introduction (20% marks)

Basic terms of accounting, Accounting Principles, Concepts, Conventions, Indian
Accounting Standards, IFRS, Accounting Equation, System of accounting: Cash
system and mercantile system, Accounting as information system, Users of accounting
information. (15 lectures)

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

Transaction/Event, Voucher: Meaning, Types of Vouchers, Receipt (Credit Voucher),
Payment (Debit Voucher), Journal (Accrual) Voucher, Journal, Subsidiary Books
(Purchase/Sales Day book, Purchase Return/Sales Return Book, Cash Book (double
and triple column, journal proper), Ledger, Trial Balance.
Bank Reconciliation Statement
Meaning and need; Causes of disagreement (22 lectures)

Unit 3: Depreciation Accounting (25% marks)

Meaning, causes, need, Assessment & Allocation of depreciation with reference to AS
6, methods: Straight line method, Reducing balance method, Change in Method
(problems). Machine hour rate, replacement method, revaluation method, depletion
method (only theory) (19 lectures)

Unit 4: Financial Statements (25% marks)

Preparation of financial statements: Horizontal and Vertical form. Horizontal Form
(Trading A/c, Profit and Loss A/c, Balance Sheet), Vertical form (Income statement
and Balance Sheet with and without schedules) (19 lectures)

Reference:
Gupta R. L. (1982): Problems and Solutions in Advanced Accounting, New Delhi,
Sultan Chand
Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II),New Delhi,
Tata McGraw-Hill
Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas
Shukla M.C. & Grewal T. S. (1996): Advanced Accounting, New Delhi, Sultan Chand

14
 108: INDIAN FINANCIAL SYSTEM (4 credits: 100 marks)

Objectives: To acquaint students with the structure and components of the Indian
Financial System; to familiarize students with different types of financial institutions
and their place in the Indian Financial System
Unit 1: Introduction (25% marks)
Financial System: meaning, functions, role of financial system in economic
development and growth
Financial Development: Meaning, Concept, Indicators of financial development
Unorganized financial sector – components, importance, drawbacks
Financial inclusion: meaning and RBI’s definition, extent of financial exclusion in
India (19 lectures)

Unit 2: Financial Markets (25% marks)

Meaning, Role, Functions, classification of financial markets
Money Market: Call Money Market, Commercial Bill market; Treasury Bill market
Capital Market: Primary Market, Secondary Market, Derivative Market - Meaning,
features, Participants in all. (19 lectures)

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

A. Financial Institutions
Meaning, Functions and Role of Financial Institutions; Banking and Non-banking
Financial Institutions
B. Financial Instruments
Meaning, importance and classification of Financial instruments; Short-term,
Medium-term and Long Term Instruments; Primary and Secondary Securities;
Innovative Instruments (23 lectures)

Unit 4: Financial Services (20% marks)

Meaning, importance and types of Financial Services;
Fund Based services and Fee Based services (14 lectures)

References
Baye M. R. & Jansen D. W. (1996): Money, Banking and Financial Markets – An
Economic Approach, New Delhi, A.I.T.B.S.
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,
Growth & Innovations, New Delhi, Tata-McGraw Hill, 5e
Burton M. & Lombra R. (2000): The Financial System and the Economy: Principles
of Money and Banking, Australia, South-Western College
Pathak B. V. (2008): Indian Financial System, New Delhi, Pearson, 2e
Desai V. (2005): The Indian Financial System and Development, Mumbai, Himalaya
Eichberger J. & Harper I. R. (1997): Financial Economics, Oxford, OUP
Khan M. Y. (2004): Indian Financial System, New Delhi, Tata-McGraw Hill,4e

15
 109. IT-Skills-I (2 credits: 50 marks)

Objectives: To familiarize the students with computers and their use, and make them
proficient in the use of software packages that are relevant to business, finance and
accountancy

Unit 1: Fundamental Concepts (10% marks)

Introduction to Computer Systems; Block Diagram of a computer, basic functions of
each component, Classification of Digital computers based on size, Uses of
computers; Operating System Basics - Role of Operating system, Features of well
known PC operating systems;

Networks & Data Communication - The Uses of a Network, How Networks are
structured, Network Topologies, Media & Hardware; The Internet & Online
Resources How Internet works, Features of the Internet, Accessing the Internet,
Working on the Internet

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

Using MS-Word & MS-Excel

Recommended Readings
Agarwal N. (2002): Financial Accounting on Computers using Tally, New Delhi,
DreamTech Press
Cassell P. & Palmer P. (2000): Teach Yourself Microsoft Access 2000 in 21 Days,
New Delhi, Techmedia
Curtin D. (1998): Information Technology -The Breaking Wave, New Delhi, Tata
McGraw-Hill
Jain S. (1999): ‘O’ Level Module-I Made Simple Information Technology, New
Delhi, BPB
Jain V. K. (2000): ‘O’ Level Module-I Information Technology, New Delhi, BPB
Madan S. (2003): Students Guide to Information Technology, New Delhi, Taxmann
Nadhani K. K. (2000): Implementing Tally 5.4, New Delhi, BPB
Silberschatz & A. Korth (1996): Database System Concepts, New York, McGraw-Hill
Simpson A. & Robinson C. (1999): Mastering Access 2000, New Delhi, BPB
Taxali R. K. (1997): P C Software Made Simple, New Delhi, Tata McGraw-Hill

16
 201: ENVIRONMENTAL STUDIES-II (2 credits: 50 marks)

Objective: To sensitize the students to current environmental issues and educate them
about their role in and protection of the environment

Unit 1: Environmental Pollution

Definition; causes, effects and measures to control air pollution, water pollution, soil
pollution, soil pollution, marine pollution, noise pollution, thermal pollution, nuclear
hazards; solid waste management – causes, effects and measures to control industrial
and urban wastes; role of an individual in prevention of pollution; pollution case
studies; disaster management – floods, earthquakes, landslides, cyclones

Unit 2: Social Issues and the Environment

From unsustainable to sustainable development; urban problems related to energy;
water conservation, rainwater harvesting, watershed management; resettlement and
rehabilitation of people – problems and concerns, case studies; environmental ethics –
issues and possible solutions; climate change, global warming, acid rain, ozone layer
depletion, nuclear accidents and holocaust, case studies; wasteland reclamation;
consumerism and waste products; Environment Protect Act; Air (Prevention and
Control of Pollution) Act; Water (Prevention and Control of Pollution) Act; Wildlife
Protection Act; Forest Conservation Act; Issues involved in enforcement of
environmental legislation; public awareness

Unit 3: Human Population and the Environment

Population growth, variation among nations; population explosion – Family Welfare
Programme; environment and human health; human rights; value education;
HIV/AIDS; women and child welfare; role of Information Technology in environment
and human health; case studies

Unit 4: Tourism as a Commercial Activity

Definition and typology of tourism; role of environment in the functioning of tourism;
aspects of degradation and exploitation; physical and social impacts of tourism;
examples at local, regional, national and international levels

Field Work
Visit to a local area to document environmental assets – river / forest / grassland / hill
/ mountain; visit to a local polluted site – urban / rural / industrial / agricultural; study
of common plants, insects, birds; study of simple ecosystems – pond / river / hill
slopes, etc.

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

17
Bharucha E.: The Biodiversity of India, Ahmedabad, Mapin
Bharucha E.: Textbook of Environmental Studies
Brunner R. C. (1989): Hazardous Waste Incineration, New York, McGraw-Hill)
Chatwal G. R. & Sharma H. (2005): A Textbook of Environmental Studies, Mumbai,
Himalaya
Clark R.S.: Marine Pollution, Oxford, Clanderson
Cunningham W. P., Cooper T. H., Gorani E. & Hepworth M. T. (2001):
Environmental Encyclopaedia, Mumbai, Jaico
De A. K.: Environmental Chemistry, Wiley
Desai R. J. (2003): Environmental Studies, Mumbai, Vipul
Gleick H. P. (1993): Water in Crisis, Stockholm Envt. Institute, OUP
Hawkins R. E.: Encyclopaedia of Indian Natural History, Mumbai, BNHS

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

Specific ICICI Foundations of Banking modules (selected by the Programme

Coordinator) to be completed by the student

18
 203: RESEARCH METHODOLOGY-I (3 credits: 75 marks)

Objective: To help the student understand the relevance of the process of research for
management; to acquaint the students with different research methods and impart
basic skills to carry out small research projects

Unit 1: Introduction (20% marks)

Meaning of research; Importance of research; characteristics of good research;
scientific thinking – deduction and induction; hypothesis formulation; the research
process – designing the study, formulating the research proposal, sample design, pilot
testing, data collection, analysis and interpretation, reporting the results (10 lectures)

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

Primary and Secondary data; merits and demerits of each; Secondary data - Library
and Internet as sources of secondary data; gathering, recording and organizing
information Primary data – the survey method – personal interviews, telephone
interviews, self-administered surveys – techniques and evaluation of each method;
designing the instrument – question structure, question content, question wording,
response strategy (23 lectures)

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

Sampling Design:
Concepts of Universe, Population and sample, need for sampling, characteristics of a
good sample, sampling methods – brief idea of different probability and non-
probability sampling methods and when they are to be used; size of sample – sampling
and non-sampling errors. (12 lectures)

Analysis of Data
Data preparation and preliminary analysis – editing, coding, data entry, exploring,
displaying and examining data – frequency tables, bar charts, pie charts, histograms,
stem and leaf displays, cross-tabulation, use of percentages; using actual data to create
charts (in MS Excel) (11 lectures)

Recommended Readings:
Cooper D. R. & Schindler P.S. (2003): Business Research Methods, New Delhi, Tata
McGraw-Hill
Goode W. J. & Hatt P. K. (1989): Methods in Social Research, Singapore, McGraw-
Hill
Ostle B. (1966): Statistics in Research, Mumbai, Oxford & IBH
Young P. V. (1996): Scientific Social Surveys and Research, New Delhi, Prentice-Hall

19
 204: SOFT SKILLS-II (3 credits: 75 marks)

WRITTEN COMMUNICATION

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

reports effectively, to draft communication related to meetings.

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

Objective comprehension
Subjective comprehension (17 lectures)

Unit 2 - Report Writing (40% Marks)

How to collect data for a report.
Kinds of reports.
What a report contains.
Individual reports.
Committee reports (22 lectures)

Unit 3 – Meetings (30% Marks)

Drafting Notice and Agenda.
Chairing meetings.
Drafting Minutes of meetings (17 lectures)

Recommended Readings:
Rao N. & R.P. Das: Communication Skills, Himalaya Publishing House.
Rizvi M. A.: Effective Technical Communication, Tata McGraw Hill Education Pvt
Ltd
Rai U. & S.M. Rai: Communication Skills, Himalaya Publishing House.
Viswanathan R.: Business Communication, Himalaya Publishing House.

20
 205: ESSENTIALS OF MANAGEMENT-II (4 credits: 100 marks)

Objective: To acquaint the student with the basic concepts, principles, practices and
strategies of business management, using case studies to supplement classroom
teaching.

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

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

Need for management concepts; management principles – importance of management
principles, universality of management principles (15 lectures)

Unit 2: Organisational Environment (25% marks)

Introduction and meaning
External environment: factors; Internal environment: factors
Environment management
Global environment; International business- changing scenario (19 lectures)

Unit 3: Management of Change (20% marks)

Meaning and definition; Types
Process: resistance to change, causes
Guidelines; Planned change process
Organizational development: definition, characteristics, objectives, need and steps
(15 lectures)

Unit 4:
A. Team Work and Conflict Management (20% marks)
Nature of teams, types, reasons and stages in team formation.
Conflict: meaning, causes, types and conflict management. (15 lectures)

B. Management Audit (15% marks)

Introduction, meaning, definition, Objective, scope, need; Qualifications of
management auditor; Report; Management Audit v/s Statutory Audit (11 lectures)

Recommended Readings:
Chandan J. S. (1997): Management Theory and Practice, New Delhi, Vikas
Chandan J. S. (1997): Management Concepts and Strategies, New Delhi, Vikas
Prasad M. (2003): Management Concepts and Practices, Mumbai, Himalaya
Sadler P. (1996): Managing Change, London, Kogan
Sherlekar S. A., Appannaiah H. R. & Reddy P. N. (2003): Business Management,
Mumbai, Himalaya, 1e

21
 206: FINANCIAL AND COST ACCOUNTING (4 credits: 100 marks)

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

accounts; to familiarize the students with the concepts and elements of cost and
various methods used for cost accounting.

Unit 1: Accounting For Securities (20% marks)

Issue of equity shares- Book building process, Re-issue, Forfeiture, Issue of bonus and
right shares, Issue of shares for consideration other than cash, Issue of preference
shares and debentures
Redemption of preference shares and debentures (only theory)
Accounting for buy back and stock splits: Meaning, sources, methods (15 lectures)

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

A. Valuation of Goodwill: Circumstances under which goodwill is valued, factors
affecting value of goodwill, methods of valuation of goodwill.
B. Valuation of Shares: Meaning and need for valuation of shares, factors affecting
valuation of shares, methods of valuation of shares: Net Assets Method (intrinsic
value method), Yield Value Method, Fair Value Method (22 lectures)

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

A. Elements of Costing
Definition, objectives, advantages and disadvantages of cost accounting; Distinction
between cost accounting and financial accounting
Classification of cost (element wise in detail); Preparation of cost sheet
B. Methods of Costing
Process Costing: Excluding equivalent production, joint product, by product but
inclusive of inter-process profits.
Contract Costing: with reference to AS 7, Contract account for one year, more than
one year and contract account with Balance Sheet (Estimated contracts and escalation
clause for theory only)
Unit costing, job order costing, operation costing, batch costing (only theory)
(27 lectures)

Unit 4: Valuation of Inventory (15% marks)

Meaning of inventory, methods of inventory valuation: FIFO, LIFO, Weighted
average method (Problems). Simple average method, physical stock taking (only
theory) with reference to AS 2 (11 lectures)

22
Recommended Readings:
Gupta R. L. (1982): Problems and Solutions in Advanced Accounting, New Delhi,
Sultan Chand, 8e
Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II), New Delhi,
Tata McGraw-Hill, 2e
Jha A. (2003): Student’s Guide to Auditing, New Delhi, Taxmann
Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas, 8e
Sharma S. D. & Majumdar A. K. (2003): Auditing Principles & Practice, New Delhi,
Taxmann
Shukla M. C. & Grewal T. S. (1996): Advanced Accounting, New Delhi, Sultan
Chand, 13eS.P.
Jain and K.L. Narang: Cost Accounting Principles and practice- Kalyani Publishers,
Ludhiana
B.K. Bhar: Cost Accounting
Ravi M. Kishore: Cost Accounting
S.P. Iyengar: Cost Accounting
M.L. Agarwal – Practical Problems in Cost Accounting

23
 207: INDIAN BANKING SYSTEM (4 credits: 100 marks)

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

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

Unit 1: Introduction (15% marks)

Definition (as per Banking Regulation Act) and meaning of banking; and importance
of banks, Structure of Indian Banking System - Scheduled and Non-scheduled;
commercial, cooperative and regional rural banks (10 lectures)

Unit 2: Commercial Banks (35% marks)

Meaning, Nature, Definition and Importance of commercial banks
Growth, Development and weaknesses of Indian commercial banking system from
nationalization to reforms (in brief)
Banking Sector Reforms and development in Banking since the 1990’s
Relative importance of public sector banks, private sector banks and foreign banks
(26 lectures)

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

Cooperative Banks: features, types, cooperative banking structure, problems faced by
cooperative banks in India, Recent development in Indian cooperative banking sector
Regional Rural Banks: features, importance, problems, recent development in RRB’s
(19 lectures)

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

Functions of RBI as India’s Central Bank: Traditional and Promotional functions.
Monetary policy – meaning; Instruments of credit control/ monetary policy -
Quantitative (variable reserve requirements, open market operations, bank rate,
liquidity adjustment facility through repo and reserve repo rate) and Qualitative
instruments (20 lectures)

Recommended Readings
Bedi H. L. & Hardikar V. K. (1993): Practical Banking Advances, New Delhi, UBS
Burton M. & Lombra R. (2000): The Financial System and the Economy: Principles
of Money and Banking, Australia: South-Western College
Gordon E. & Natarajan K. (1998): Banking Theory, Law and Practice, Mumbai,
Himalaya
Indian Institute of Banking and Finance (2008): Principles & Practices of Banking,
New Delhi, Macmillan, 2e
ICFAI (2003): Commercial Banking, Hyderabad, ICFAI
Shekhar K. C. & Shekhar L. (1998): Banking Theory and Practice, New Delhi, Vikas
Varshney P. N. (2006): Banking Law & Practice, New Delhi, Sultan Chand & Sons

24
 208: DATA ANALYSIS AND QUANTITATIVE TECHNIQUES
(4 credits: 100 marks)

Objectives: To develop the students’ quantitative skills and help them acquire
proficiency in various statistical techniques which are useful in the world of business
and finance.

Unit 1: Business Statistics (30% marks)

Statistics - meaning, scope and limitations of statistics
Measures of Central Tendency- mean, median, mode, geometric mean, harmonic
mean, weighted average, quartiles.
Measures of Dispersion – absolute and relative measure of dispersion, range, quartile
deviation, mean deviation, standard deviation, coefficient of variation (22 lectures)

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

Correlation: Meaning, types of correlation, scatter diagram, Karl Pearson’s coefficient
of correlation, Spearman’s rank correlation coefficient
Regression: meaning, lines of regression, regression coefficients, relation between
correlation and regression coefficients. (23 lectures)

Unit 3: Probability Theory (20% marks)

Meaning, Addition and Multiplication theorem on probability, conditional probability,
probability distribution- binomial, poisson and normal distribution (15 lectures)

Unit 4: Index Numbers (20% marks)

Meaning, Classification, construction of index numbers, methods of constructing
index numbers - simple aggregative, simple average of price relative, weighted
aggregative and weighted average of price relative, quality index number and value
index number, limitations and uses of index numbers. (15 lectures)

Recommended Readings:
Anderson D. R., Sweeney D. J. & Williams T. A. (2002): Essentials of Statistics for
Business and Economics, London, South-Western College Publishing, 2e
Jhamb L. C. (1987): Cases and Problems in Quantitative Techniques, Pune, Everest
Pub.
Mithani D. M. (2001): Quantitative Techniques, Mumbai, Himalaya
Schaum’s Outline (1972): Theory & Problems of Statistics, New York, McGraw-Hill
Tulsian P. C. (2002): Quantitative Techniques, New Delhi, Pearson Education Asia
Vohra N. D. (1990): Quantitative Techniques in Management, New Delhi, McGraw-
Hill
Gupta S. C.: Fundamentals of Statistics
Shah R. J.: Statistical Techniques, Sheth Publishers Pvt. Ltd.

25
 209. IT-Skills-II (2 credits: 50 marks)

Objectives: To familiarize the students with computers and their use, and make them
proficient in the use of software packages that are relevant to business, finance and
accountancy
Unit 1: Database Management System & Business Presentation Packages
(30% marks)
Using MS-Access and MS-PowerPoint

Unit 2: Tally (50% marks)

Company Information -Introduction, Objectives, Starting Tally, Creating a Company,
Selecting a Company, Altering a Company, Closing a Company, Accounts
Information, Account Groups, Creating Ledger Accounts, Display Ledger Accounts,
Altering a Ledger Account, Deleting Ledger Accounts, Multiple Ledgers, Exit from
Tally; Voucher Entry – Introduction, Objectives, Voucher Types, Steps to Make a
Voucher Entry, Receipt Voucher, Payment Voucher, Contra Voucher, Purchase
Voucher, Sales Voucher, Journal Voucher, Credit Note, Debit Note, Journal, Stock
Journal, Physical Stock Voucher, Memo Voucher, Reversing Journals, Displaying
Vouchers, Altering Vouchers, Deleting Vouchers
Reports - Introduction, Objectives, Balance Sheet, Profit and Loss Account, Stock
Summary, Day Book, Account Books: Cash Book, Bank Book, Ledger, Group
Summary, Sales Register, Purchase Register, Journal Register; Outstanding
Receivable/Payable Statements, Inventory Books, Statements of Inventory, Cash
Flow/Funds Flow

Unit 3: Management Information Systems (10% marks)

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

Recommended Readings
Agarwal N. (2002): Financial Accounting on Computers using Tally, New Delhi,
DreamTech Press
Cassell P. & Palmer P. (2000): Teach Yourself Microsoft Access 2000 in 21 Days,
New Delhi, Techmedia
Curtin D. (1998): Information Technology -The Breaking Wave, New Delhi, Tata
McGraw-Hill
Jain S. (1999): ‘O’ Level Module-I Made Simple Information Technology, New
Delhi, BPB
Jain V. K. (2000): ‘O’ Level Module-I Information Technology, New Delhi, BPB
Madan S. (2003): Students Guide to Information Technology, New Delhi, Taxmann
Nadhani K. K. (2000): Implementing Tally 5.4, New Delhi, BPB
Silberschatz & A. Korth (1996): Database System Concepts, New York, McGraw-Hill
Simpson A. & Robinson C. (1999): Mastering Access 2000, New Delhi, BPB
Taxali R. K. (1997): P C Software Made Simple, New Delhi, Tata McGraw-Hill
26
 301: SUMMER INTERNSHIP REPORT (4 credits: 100 marks)

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

The report will be evaluated by the assigned guide.

The report must be submitted within one month of the start of Semester III, after
which the internship seminars will be conducted.

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

Summer internship seminars will begin within one week of reopening of the College
for Semester III. The seminar will be an open seminar, to be attended compulsorily by
all students of the class. The judges for the seminar will be the programme coordinator
and one expert from industry.

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

Specific ICICI Foundations of Banking modules (selected by the Programme

Coordinator) to be completed by the student

27
 304: QUANTITATIVE SKILLS (2 credits: 50 marks)

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

trends in the world of business and finance.

Unit 1: Time Series Analysis (25% marks)

Meaning, utility, components of time series, additive and multiplicative models,
determination of trend by moving average, semi average and least squares method
(19 lectures)

Unit 2: Sampling (20% marks)

Types of survey- sample survey and census survey, types of sampling- simple random
sampling, stratified random sampling, purposive sampling, systematic sampling,
multi-stage sampling, quota sampling. Sampling errors, sampling distribution of
sample mean, sampling distribution of sample proportion (15 lectures)

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

Point estimation, interval estimation, Testing of hypothesis- statistical hypothesis, null
and alternative hypothesis, errors in making a decision - type I error and type II error,
critical region, level of significance, test of significance, test for population mean and
population proportion. (22 lectures)

Unit 4: Statistical Quality Control (25% marks)

Meaning, utility, control charts for X, R, P and C
(19 lectures)

References:
Jhamb L. C. (1987): Cases and Problems in Quantitative Techniques, Pune, Everest
Pub.
Mithani D. M. (2001): Quantitative Techniques, Mumbai, Himalaya
Schaum‟s Outline (1972): Theory & Problems of Statistics, New York, McGraw-Hill
Tulsian P. C. (2002): Quantitative Techniques, New Delhi, Pearson Education Asia
Vohra N. D. (1990): Quantitative Techniques in Management, New Delhi, McGraw-
Hill
S. C. Gupta: Fundamentals of Statistics
R. J. Shah: Statistical Techniques, Sheth Publishers Pvt. Ltd.

28
 305: BANKING OPERATIONS (4 credits: 100 marks)
Objective: to give the student an understanding of the functioning of commercial
banks; to familiarize the student with the practical aspects of banking
Unit 1: Functions of Banks (30% Marks)
Accepting Deposits: Types of deposits - saving, current, fixed, recurring, pigmy and
other deposits; d-mat accounts; deposits at call and short notice; KYC norms to be
followed while opening accounts
Deployment of Advances: Types of advances – loans, cash credit, bank overdraft,
temporary overdraft, clean & secured advances, bridge loans, participation loans,
purchase of bills, bill discounting; Principles of Secured Advances; Lien, Pledge,
Hypothecation, Mortgage - Features and Differences
Other functions – remittances, general utility & agency functions (25 lectures)
Unit 2: Bank Instruments; Paying and Collecting Banker (30% Marks)
Cheque – Meaning, requisites, types, crossing; demand draft; bank draft/pay order
(working of all);
Precautions in Payment of Customer’s Cheques - Paying Banker’s Duties and Rights;
Statutory Protection to Paying Banker; Payment of forged Cheque; Return of Cheques
Precautions in Collecting Customer’s Cheque - Collecting Banker’s Duties and
Rights; Statutory Protection to Collecting Banker (25 lectures)
Unit 3: Risks faced by Banks (20% marks)
Types of risks faced by banks – liquidity risk, interest rate risk, credit risk, currency
risk, operational risk – components of each type of risk, sources / factors affecting
each type of risk (13 lectures)
Unit 4: Customer Relationship Management (20% marks)
Concept and importance, customer service in banks; emerging trends; Customer
Grievance Redressal mechanism – Consumer Protection Act - major provisions,
redressal machinery, types of deficiencies for which banks are liable under the Act;
Banking Ombudsman Scheme – scope of Banking Ombudsman, types of complaints,
mechanism of redressal (12 lectures)
References:
Bedi H. L. & Hardikar V. K. (2000): Practical Banking Advances, New Delhi, UBS,
Burton M. & Lombra R. (2000): The Financial System and the Economy: Principles
of Money and Banking, Australia: South-Western College
Gordon E. & Natarajan K. (1998): Banking Theory, Law and Practice, Mumbai,
Himalaya
Indian Institute of Banking and Finance (2008): Principles & Practices of Banking,
New Delhi, Macmillan, 2e
Varshney P. N. (2006): Banking Law & Practice, New Delhi, Sultan Chand & Sons

29
 306: FINANCIAL SERVICES – I (4 credits: 100 marks)
Objectives: to introduce students to fund-based financial services provided by
financial companies, their salient features and importance, and their present position
in the Indian financial sector.
Unit 1: Mutual Funds (25% marks)
Meaning and importance of Financial Services; Meaning, Nature and organization of a
mutual fund, types of schemes, valuation of units, advantages of investing in a mutual
fund; Mutual Funds in India – growth, performance, problems, prospects, regulatory
framework (19 lectures)

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

Hire Purchase Finance - meaning, concepts of hire purchase finance, installment credit
and consumer credit; sources of finance in India
Housing Finance – need, nature of housing finance, fixed and floating rate home
loans; sources of housing finance in India, growth of housing finance in India; Role of
National Housing Bank; concept of mortgage and reverse mortgage; housing loans
and mortgage loans, types of mortgage loans (19 lectures)

Unit 3: Factoring & Forfaiting (25% marks)

Factoring - meaning, mechanism, types of factoring agreements; advantages and
disadvantages of factoring; factoring v/s bill discounting; factoring in India Forfaiting
- meaning, mechanism; factoring v/s forfaiting (18 lectures)

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

Lease Financing - Meaning, definition and types of lease agreements; advantages and
disadvantages from the point of view of lessor and lessee; purchase v/s leasing,
borrowing v/s leasing; lease finance in India
Venture Capital Financing – meaning, importance/need, scope of venture capital
finance; venture capital v/s angel investors; Venture capital in India (19 lectures)

Recommended Readings:
Agarwal O. P. (2005): Environment and Management of Financial Services, Mumbai,
Himalaya
Batra G. S. (1999): Financial Services: New Innovations, New Delhi, Deep & Deep
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,
Growth & Innovations, New Delhi, Tata-McGraw Hill, 5e
Khan M. Y. (2004): Financial Services, New Delhi, Tata McGraw-Hill
Mantravadi P. (2001): Financial Services, Hyderabad, ICFAI
Pathak B. V. (2008): Indian Financial System, New Delhi, Pearson, 2e
Rose P. S. (1993): Financial Institutions: Understanding and Managing Financial
Services, Boston, Irwin
Shiva Ramu S. (1995): Global Financial Services, New Delhi, South Asia Pub.

30
 307: INDIAN SECURITIES MARKETS (4 credits: 100 marks)

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

of the Indian securities markets, the instruments traded in these markets, the
participants and procedures; the students would also learn about the role of the
regulator and recent developments in the area.

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

Market Segments: Primary Market, Secondary Market; Products and Participants;
Role of securities market; Reforms in Indian securities markets (11 lectures)

Unit 2: Securities (15% marks)

Meaning and Features; Types of securities
Regulators: SEBI, Need, Role (12 lectures)

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

Role, objectives, functions, players
New Issue market in India: features
Issue of shares: need for issue of share in public, types of issues, issue price, market
capitalization, difference between public issue and private placement; IPO
Price discovery through book building process; Difference between offer of shares
through book building and offer of shares through normal public issue
Prospectus: Types; Listing and delisting of securities
ADRs and GDRs
Emerging issues (26 lectures)

Unit 4: Secondary Market (35% marks)

Meaning, features, functions and players
Role of secondary market
Difference between secondary and primary market and importance of each
Stock Exchanges: role of stock exchanges, demutualization of stocks.
Products in secondary markets: equity and debt instruments
Market indices and types
Case study on BSE, NSE and OTCEI
Emerging Issues (26 lectures)

Recommended Readings:
Avadhani V. A. (1998): Investment and Securities Market in India, Mumbai,
Himalaya
Bal Krishan & Narta S. S. (1997): Security Markets in India, New Delhi, Kanishka
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets:
Structure,Growth & Innovations, New Delhi, Tata-McGraw Hill, 3e
Desai V. (2005): The Indian Financial System and Development, Mumbai, Himalaya

31
Fabozzi F. J. & Modigliani F. (2005): Capital Markets: Institutions and Instruments,
New Delhi, Prentice-Hall of India
Ghosh A. & Sen R. (2002): Money, Banking and Economic Reforms, New Delhi,
Deep and Deep Khan M. Y. (2004): Indian Financial System, New Delhi, Tata-
McGraw Hill, 4e
Kohn M. (1994): Financial Institutions and Markets, New York, McGraw-Hill
Pathak B. V. (2008): Indian Financial System, New Delhi, Pearson, 2e
Sakriya D. (2000): SEBI and the Security Markets in India, New Delhi, Anmol

32
 308: FINANCIAL MANAGEMENT (4 credits: 100 marks)

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

Unit 1: Introduction (10% marks)

Meaning, nature and scope of finance; financial goals: profit maximization, wealth
maximization; finance functions - investment, financing and dividend decisions,
Organization of finance function: Role of finance manager.
Financial Mathematics: Concept & relevance of time value of money, Compounding
technique, Discounting technique, Application of the concept of time value of money
(7 lectures)

Unit 2: Investment Decisions (25% marks)

Nature and significance of investment decisions, process; Project classification;
Investment evaluation criteria
A. Non-discounting criteria: Pay-back, Accounting Rate of Return
B. Discounting criteria: Internal Rate of Return, Net Present Value, Profitability
Index, NPV and IRR comparison
Capital Rationing; Risk Analysis in Capital Budgeting.
(19 lectures)

Unit 3: Cost of Capital & Capital Structure Decision

A. Cost of Capital (20% marks)
Cost of capital: Meaning and significance of cost of capital: Calculation of cost of
debt, preference capital, equity capital and retained earnings; Combined cost of capital
(weighted); Cost of equity and CAPM. (16 lectures)

B. Capital Structure decision (20% marks)

Financial and operating leverages; capital structure theories - NI, NOI, traditional and
M-M theories; Capitalization – Under-Capitalization and Over-Capitalization; Trading
on Equity (16 lectures)

Unit 4:
A. Working Capital Management (15% marks)
Meaning, need, determinants; estimation of working capital need; management of
cash; inventory & receivables (10 lectures)

B. Dividend Decision (10% marks)

Factors determining Dividend, Form of Dividends, Determinants of dividend models-
Walter, Gordon and Miller & Modigliani Models (7 lectures)

33
Recommended Readings:
Pandey, I.M. Financial Management, Vikas Publishing House, New Delhi
Khan M.Y. and Jain P.K. Financial Management, Tata McGraw Hill, New Delhi
Keown, Arthur J., Martin, John D., Petty, J. William and Scott, David F: Financial
Management, Pearson Education
Chandra, Prasanna; Financial Management TMH, New Delhi
Van Horn, James C., Financial management and Policy, Prentice Hall of India
Brigham & Houston, Fundamentals of Financial Management, Thomson Learning,
Mumbai
Kishore, R., Financial Management, Taxmans Publishing House, New Delhi

34
 401: GENERAL INSURANCE (2 credits: 50 marks)

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

help them understand the various types of policies, procedures and other practical
aspects of the business of general insurance

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

Fire Insurance (15% marks)

Meaning & Importance of Non-Life Insurance
Definition of Fire Insurance; Meaning of Fire; Types of Fire Policies; Claim
procedure for fire insurance

Marine Insurance (15% marks)

History of Marine Insurance; Definition of Marine Insurance; Meaning of Marine
Perils; Subject Matter of Marine Policies; Types of Marine Policies; Marine Insurance
in India

Motor Insurance (15% marks)

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

Health Insurance (10% marks)

Definition; Health Insurance policies; Health Insurance in India

Unit 2: Miscellaneous Insurance (45% marks)

Personal accident insurance, Fidelity insurance, Burglary insurance, Credit insurance,
Workmen’s Compensation insurance, Travel insurance, Wedding insurance, Film
insurance, Employee State Insurance Scheme, Unemployment insurance, Personal
liability insurance (18 lectures)

Recommended Readings:
Bodla B. S. (2003): Insurance Fundamentals, Environment and Procedures, New
Delhi, Deep and Deep
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,
Growth & Innovations, New Delhi, Tata-McGraw Hill, 3e
Gopal V. S. & Gopal S. (2005): Principles & Practices of Banking & Insurance,
Mumbai, Himalaya
Gupta P. K. (2004): Fundamentals of Insurance, Mumbai, Himalaya
Gupta P. K. (2004): Insurance & Risk Management, Mumbai, Himalaya
Mishra M.N. & Mishra S. B. (2007): Insurance Principles & Practice, New Delhi, S.
Chand & Co., 14e
Periasamy P. (2005): Principles and Practice of Insurance, Mumbai, Himalaya

35
 402: RESEARCH METHODOLOGY-II (2 credits: 50 marks)

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

research; the importance of statistical software package such as SPSS in research and
to familiarize the student with all aspects of a research project from the stage of
drafting the proposal right up to the writing of the report and presentation of the
findings

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

A. Measurement- Measurement in Research, Measurement scales, sources of error in
measurement, tests of sound measurement, techniques of developing measurement
tools.
B. Scaling - Meaning of scaling, scale classification bases, important scaling
techniques, scale construction techniques. (12 lectures)

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

The student will be taught to use SPSS software - various functions, uses, charts and
graphs (15 lectures)

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

a) Interpretation- Meaning of interpretation, techniques, precautions in
interpretation.
b) Report Writing – significance, different steps in report writing, components –
Prefatory items, Introduction, Methodology, Findings, Conclusions,
Appendices, Bibliography; Characteristics of a good report; presentation
considerations; presentation of statistics – text form, semi-tabular form, tabular
form and graphics. Oral presentations – preparation, delivery and use of
PowerPoint for making presentations. (11 lectures)

Recommended Readings:
C.R. Kothari: Research Methodology - Methods and techniques, New Age
International Publishers
Kiran Pandya, Smruti Bulsari, Sanjay Sinha: SPSS in simple steps, Dreamtech Press
Cooper D. R. & Schindler P.S. (2003): Business Research Methods, New Delhi, Tata
McGraw-Hill
Goode W. J. & Hatt P. K. (1989): Methods in Social Research, Singapore, McGraw-
Hill
Ostle B. (1966): Statistics in Research, Mumbai, Oxford & IBH
Young P. V. (1996): Scientific Social Surveys and Research, New Delhi, Prentice-Hall

36
 403: SOFT SKILLS III (2 credits: 50 marks)

BUSINESS COMMUNICATION
Objectives: At the end of the course the student will be able to acquire the language
proficiency necessary for business communication, to learn to draft formal and
informal letters, to acquire the requisite skills to face entry level selection processes of
organizations

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

Principles of commercial correspondence
Language in a business letter including jargon
Parts of a business letter (8 lectures)

Unit 2 – Letter Writing (40% marks)

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

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

letter of apology and letter of condolence (15 lectures)

Unit 3 – Interviews (40% marks)

Types of interviews
Types of interviewers
Candidate’s preparation for a job interview
Planning and conduct of a job interview (15 lectures)

References:
Rao N. & R.P. Das: Communication Skills, Himalaya Publishing House.
Rizvi M. A.: Effective Technical Communication, Tata McGraw Hill Education Pvt
Ltd
Rai U. & S.M. Rai: Communication Skills, Himalaya Publishing House.
Viswanathan R.: Business Communication, Himalaya Publishing House.
Doctor A. H.: A course in Communication Skills in English, Sheth Publishers
Doctor A. H. & R.A. Doctor: Principles and Practice of Business Communication

37
 404: DIRECT TAXES (4 credits: 100 marks)

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

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

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

Conceptual Framework – Income, Agricultural Income, Residential status and
incidence of tax; casual income.
Definitions: (1) Sec.2 (1A) Agricultural Income, (2) Sec.2 (2) Annual Value, (3) Sec.2
(7) Assessee, (4) Sec.2 (8) Assessment, (5) Sec.2 (9)
Assessment year, (6) Sec.2 (14) Capital Asset, (7) Sec.2 (13) Business (8) Sec. 2 (17)
Company, (9) Sec. 2 (24) Income, (10) Sec. 2 (31) Person (11) Sec. 2 (47) Transfer,
(12) Sec. 80 (B) (5) Gross Total Income (13) Sec. 3 Previous year
Sec. 5-Scope of Total Income Sec. 5A – Apportionment of income between spouses
governed by Portuguese Civil code: Sec. 5 – Residence in India.
(15 lectures)

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

Agricultural Income Sec. 10 (1)
Income of HUF. Sec. 10 (2)
Share in total income of the Firm Sec. 10 (2A)
Travel Concessions from Employer Sec. 10 (9)
Gratuity Sec.10 (10)
Compensation received at the time of voluntary retirement Sec.10 (10C)
Amount received under Life Insurance Policy Sec.10 (10D)
Payment received from Provident Fund Sec. 10 (11)
Payment received from an approved Superannuation Fund Sec10 (13)
House Rent Allowances Sec. 10 (13A)
Special Allowances for expenses Sec. 10 (14)
Income by way of interest, premium etc., from securities issued by the Central
Government, etc., Sec. 10 (15) (13) Educational Scholarships Sec. 10 (21)
Income of a Scientific Research Association, Sec. 10 (21)
Income arising from transfer of units of Unit Scheme 1964 Sec. 10 (33)
Income by way of Dividend Sec. 10 (34)
Income from Mutual Funds Sec.10 (35)
(8 lectures)

Unit 3: Computation of Income (25% Marks)

Incomes from Salaries; Income from House property; Profit or Gains from business or
profession
Salaries Sec. 15,16 and 17 (Inclusive of Allowances – H.R.A. etc.)
(Exclusive of Valuation of perquisites)

38
Income from House Property Sec. 22, 23, 24, 25, 25(AA), 25(B), 26 & 27
Profits and gains of Business or profession Sec. 28, 29, 30, 31, 32
(Excluding Depreciation Rates)
Sec. 35 Expenditure on Scientific Research 35 A
Expenditure on Patents & Copyrights 35 D – Amortization of certain Preliminary
Expenses
Sec. 36 Main Clauses (Excluding Sub-Sub clauses)
Sec. 37(1), (2), (2A), (2B), (3)
Sec. 40, 40A, 40A(3)
Sec. 43 (B) Sec. 44(AB), 44(AD), 44(AE), 44(AF)
(18 lectures)

Unit 4: Computation of Income & Total Income

A. Computation of Income (20% Marks)
Income from Capital gains and income from other sources; Deductions from gross
total income
(1) Capital Gains: Sec. 45, 47, 48
(No practical problems on computation of capital gains).
(2) Income from other sources: Sec. 56, 57, 58
(Elementary problems on computation of income from other Sources)
(3) Deductions to be made in computing Total Income: Sec 80 C, Sec80 CCC, Sec
80CCD, Sec 80CCE, Sec. 80D, Sec. 80DD, Sec. 80E, 80G, Sec. 80U
(4) Deduction from gross total income in respect of any income by way of interest on
savings account: 80TTA
(16 lectures)

B. Computation of Total Income (25% Marks)

Computation of total income and tax payable of Individuals only
(18 lectures)

Recommended Readings:
Gaur V. P. (1974): Income Tax Law & Practice, Ludhiana, Kalyani Publishing House
Malhotra H. C.: Income Tax Law and Practice, Agra, Sahitya Bhawan
Manoharan T.N.: Students Handbook to Income Tax Law, New Delhi, Snow White
Narang G.: Income Tax Law & Practice, Ludhiana, Kalyani Publishing House
Prasad B. (2001): Income Tax Law & Practice, New Delhi, Wishwa
Singhania V. K. (2004): Direct Taxes - Law and Practice, New Delhi, Taxmann

39
 405: MANAGEMENT ACCOUNTING (4 credits: 100 marks)
Objectives: To provide basic conceptual and working knowledge of the various tools
and techniques of Management Accounting, which assists the management of an
organization in its major functions, viz. Planning, Decision-Making and Control
Unit 1: Introduction to Management Accounting & Budgeting (10% marks)
Introduction: Meaning, definition, function, objectives, advantages, distinction
between management accounting, financial accounting and cost accounting, tools of
the management accountant (7 lectures)

Budgeting (20% marks)

Meaning, Definition, advantages, Classification of Budgets, Preparation of Functional
budgets – sales budget, production budget, cost of production budget – direct material,
direct labour and overhead budget, cash budget, Flexible budget and Master budget.
(Practical problems to be based on sales budget, production budget, cost of production
budget, cash budget, flexible budget, direct material budget and direct labor budget),
Zero base budgeting. (16 lectures)

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

Meaning, Difference between absorption & marginal costing, Applications of
marginal and differential costing as a tool for decision making – make or buy
decision, change of product sales mix, Break-even analysis, shut down decision.
(23 lectures)

Unit 3: Standard Costing (30% marks)

Standard costing and variance analysis, meaning, definition, advantages, types of
variances, material cost variance, labour cost variance, overhead cost variance.
Interpretation of variances: interrelationship, significance. (22 lectures)

Unit 4: Responsibility Accounting (10% marks)

Cost centers, expense centers, revenue centers, profit centers, balance scorecard.
(7 lectures)
Recommended Reading:-
S.P. Jain and K.L. Narang: Cost Accounting Principles and practice- Kalyani
Publishers, Ludhiana
B.K. Bhar: Cost Accounting
Ravi M. Kishore: Cost Accounting
S.N. Maheshwari: Management Accounting & Financial Control Sultan Chand Sons
M.G. Patkar: Management Accounting
Drury & Taxmann: Management & Cost Accounting
I.M. Pandey: Financial Management
S.N. Maheshwari: Principles and Practice of Financial Management, Sultan Chand
Sons
40
 406: STOCK MARKET OPERATIONS (4 credits: 100 marks)

Objective: To introduce the student to the practical aspects of the functioning of stock
exchanges in India; to familiarize the student with the terminology and practices on
Indian stock exchanges, and recent developments in the area

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

Nature of stock market, growth, role and functions of stock market; Reforms since
1991; Membership, ownership and management of Stock Exchanges; Overview of
major stock exchanges in India - BSE, NSE, OTCEI and Regional stock exchanges;
indices – SENSEX, NIFTY, sectoral indices; derivatives & commodity markets in
India; SEBI as regulatory authority

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

BSE: Different trading systems, Share groups on BSE, Trading & Settlement systems,
trading cycle, BOLT, Types of Delivery - Bad and Short Deliveries, Auctions; NSE:
Transaction cycle and Settlement process, NEAT, Order & Trade Management,
Trading rules, circuit filters, Pay In & Pay Outs, No delivery period

Unit 3: Risk Management Systems (25% marks)

Capital Adequacy Requirements, Trading & Exposure Limits, Margin requirements,
Settlements Guarantee, Gross Margining, Indemnity & Insurance, Investigation &
Inspection, investor protection fund.

Unit 4: International Stock Markets (15% marks)

Markets in US, UK, Europe & Asia; important indices – Dow Jones, NASDAQ, S&P,
FTSE, Nikkei, Shanghai, Hang Seng & any other

Recommended Readings:
Pandey I. M. (1995): Essentials of Financial Management, New Delhi, Vikas
Avadhani V. A. (1998): Investment & Securities Market in India, Mumbai, Himalaya
Agarwal S.: A Guide to the Indian Capital Market, Bharat
Websites of NSE, BSE, SEBI & NASDAQ

41
 407: FINANCIAL SERVICES – II (4 credits: 100 marks)

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

companies, their salient features and importance, and their present position in the
Indian financial sector

Unit 1: Merchant Banking (15% marks)

Merchant Banking – Meaning, nature and functions; merchant banking in India, role
in issue management; classification and regulation of merchant bankers by SEBI
(11 lectures)

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

Stock Broking – meaning, types of stockbrokers, sub-brokers; stock broking in India
e-broking – meaning, Indian experience
Depository Services – meaning, role of depositories and their services, Advantages of
depository system; Functioning of depository system; Depositories in India – NSDL
& CSDL; Depository participants (DPs) and their role Custodial services - meaning;
obligations and responsibilities of custodians; code of conduct
(15 lectures)

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

Credit Rating – meaning, rating methodology, importance of credit rating; credit
rating agencies in India including Small & Medium Enterprises Rating Agency
(SMERA) Securitization of debt – Meaning, Features, Mechanism, Types, Special
Purpose Vehicle, Benefits of Securitization, Issues in Securitization
(15 lectures)

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

A. Marketing of Financial Services: Definition of marketing; four pillars of
marketing (customer orientation, profit, total company effort, social responsibility);
selling versus marketing
Segmentation – Concept, basis, strategies; Target market selection and market
positioning strategies
Pricing Strategy - Role of price in marketing of financial services; pricing strategies;
pricing decisions
(19 lectures)

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

7 Ps - Product, People, Process, Promotion, Price, Place and Physical evidence (Case
study discussions on Marketing mix for banks, insurance companies, mutual funds,
stock broking firms etc)
(15 lectures)

42
Recommended Readings:
Agarwal O. P. (2005): Environment and Management of Financial Services, Mumbai,
Himalaya
Batra G. S. (1999): Financial Services: New Innovations, New Delhi, Deep & Deep
Bhole L. M. & Mahakud J. (2009): Financial Institutions and Markets: Structure,
Growth & Innovations, New Delhi, Tata-McGraw Hill, 5e
Khan M. Y. (2004): Financial Services, New Delhi, Tata McGraw-Hill
Mantravadi P. (2001): Financial Services, Hyderabad, ICFAI
Pathak B. V. (2008): Indian Financial System, New Delhi, Pearson, 2e
Pezzullo M. N. (1998): Marketing of Financial Services, New Delhi, Macmillan
Rose P. S. (1993): Financial Institutions: Understanding and Managing Financial
Services, Boston, Irwin Seth R. K. (1997): Marketing of Banking Services, New
Delhi

43
 408: MACROECONOMICS (4 credits: 100 marks)

Objectives: to familiarize students with the basic concepts of macroeconomics and its
relevance for business decision-making

Unit 1: Theory of Income and Employment

A. Introduction: (10% marks)
Nature, Scope, Macroeconomic Issues in an economy; Concepts of GDP and National
Income; Measurement of National Income and Related Aggregates; Nominal and Real
Income (8 lectures)

B. National Income Determination (25% marks)

Actual and potential GDP; Aggregate Expenditure – Consumption Function &
Investment Function; Equilibrium GDP; Concepts of marginal and average
propensities to save and consume; concept of Multiplier & accelerator
National Income Determination in an Open Economy with Government - Fiscal
Policy – Impact of Changes in Govt. Expenditure and Taxes; Net Export
Function: Net Exports and Equilibrium GDP. (18 lectures)

Unit 2: Money and Banking (25% marks)

Definitions of Money; Evolution of money; Functions of Money; Supply of Money -
Role of Government, Central Bank & commercial banks (process of Multiple Credit
Creation)
RBI’s measures of money supply
(18 lectures)

Unit 3: Public Finance (30% marks)

Budget – meaning; types (balanced & unbalanced, surplus & deficit); Concepts of
deficit (fiscal deficit, revenue deficit, primary deficit);
Public Revenue: sources of govt. revenue;
Public Expenditure: Classification – developmental/non-developmental, plan/non-plan
Public Debt: meaning; Classification – internal & external, short- medium- & long-
term, productive & unproductive, redeemable & irredeemable
Discussion of most recent Govt. of India budget
(22 lectures)

Unit 4: Business Cycles (10% marks)

Meaning and Features; Phases of a Business cycle; Theories of Business Cycles
Inflation - Meaning and nature, types, causes & consequences; the Philips Curve
Stagflation – meaning (9 lectures)

44
References:
Diulio E. (1998): Macroeconomics, Schaum’s Outlines, New Delhi, Tata McGraw-
Hill, 3e
Dornbusch R., Fischer S. & Startz R. (1998): Macroeconomics, New Delhi, Tata
McGraw-Hill, 7e
Farmer R. E. A. (2002): Macroeconomics, Singapore, Thomson-SouthWestern, 2e
Hyman D. (1992): Economics, Boston, Irwin, 2e
Mankiw N. G. (2000): Macroeconomics, New York, Worth, 4e
Mittal A. (2006): Macroeconomics, New Delhi, Taxmann
Nag A. (2005): Macroeconomics for Management Students, New Delhi, Macmillan
Samuelson P. & Nordhaus W.: Economics, New Delhi, Tata McGraw-Hill, (most
recent ed.)

45
 501: SUMMER INTERNSHIP REPORT (4 credits: 100 marks)

Students will write a report on the internship completed by them between Semesters
IV & V.

The report will be evaluated by the assigned guide.

The report must be submitted within one month of the start of Semester V, after which
the internship seminars will be conducted.

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

Summer internship seminars will begin within one week of reopening of the College
for Semester V.

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

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

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

Students will discuss current economic, business and finance-related issues – these
will include global-level, national-level and local-level issues

Guest faculty from industry will be invited to conduct these sessions; when such
faculty is unavailable, regular faculty will engage these sessions.

46
 504: SOFT SKILLS-IV (2 CREDITS: 50 MARKS)

MEDIA RELATED COMMUNICATION

Objectives: At the end of the course the student will be able to use media effectively
for communication, to draft an advertisement and a press release, to learn the rules
and conventions of online correspondence.

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

Telephone problems
Telephone rules
Making a call – preparation, calling, follow-up
Gathering information by telephone- What to do before and during such calls
(11 lectures)

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

Drafting a Press Release – Format, layout and features
Drafting Advertisements
(11 lectures)

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

E-mail – Advantages, disadvantages, net etiquette
SMS – its applications, advantages, disadvantages
Instant Messaging
Video conferencing - advantages, disadvantages
(16 lectures)

References/Suggested Reading:
Taylor K.: 50 ways to improve your Business English without much effort, Summer
Town Publishing
Rao N. & R.P. Das: Communication Skills, Himalaya Publishing House.
Rizvi M. A.: Effective Technical Communication, Tata McGraw Hill Education Pvt
Ltd
Rai U. & S.M. Rai: Communication Skills, Himalaya Publishing House.
Viswanathan R.: Business Communication, Himalaya Publishing House

47
 505: ACCOUNTING FOR FINANCIAL SERVICES (4 credits: 100 marks)

Objective: to help the student acquire the skills of accounting for the diverse financial
services provided by finance companies

Unit 1: Accounting for Hire Purchase & Lease Finance (20% marks)
Hire Purchase and Installment credit system –accounting procedure in the books of the
buyer and the seller;
Lease Accounting -accounting procedure in the books of lessor and lessee
(16 lectures)

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

Mergers & Acquisitions –legal & procedural aspects, forms of financing, SEBI
takeover code, accounting procedure for mergers & acquisitions (19 lectures)

Unit 3: Investment Accounting (20% marks)

Investment Accounting –cum / ex-interest / dividend transactions, Investment
accounts; calculation of NAV (15 lectures)

Unit 4: Accounting for Insurance Companies and Accounting for Banks

(35% marks)
Accounting for insurance companies –preparation of financial statements for life
insurance and general insurance companies

Accounting for banking companies –preparation of financial statements with

schedules as per the Banking Companies Act
(25 lectures)

Recommended Readings:
Hanif M. & Mukherjee A. (2000): Modern Accountancy (Volumes I & II), New
Delhi, Tata McGraw-Hill, 2e
Maheshwari S. N. (2001): Advanced Accounting, New Delhi, Vikas, 8e
Gupta R. L. (1982): Problems and Solutions in Advanced Accounting, New Delhi,
Sultan Chand, 8e
Pandey I. M. (1991): Cases in Financial Management, New Delhi, Tata McGraw-Hill

48
 506: INDIRECT TAXES (4 credits: 100 marks)

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

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

Unit 1: Central Excise Act, 1944 and Related Rules (25% Marks)
The Legislative background of central excise including constitutional provisions,
nature of excise duty, chargeability, scope and basis, meaning of goods, manufacture,
manufacturer, and removal of excisable goods, classification and valuations of goods
(19 lectures)

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

Principles governing levy of customs duty, Duty-types, Basic principles of
classification and valuation of goods, duty drawback, Customs Authorities
warehousing stations (19 lectures)

Unit 3: Service Tax (25% Marks)

Basics of service tax, charging of service tax, classification of services, service tax
credit, registration, records to be maintained by assessee, self assessment and
verification of return, demand of tax, refund of excess tax paid, interest for delayed
payment of tax Services on which tax payable (only names of services; no details)
(19 lectures)

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

A study of Goa Value Added Tax Act with special reference to the following:
Definitions – Business, Dealer, Goods, Input Tax, Manufacturer, Output Tax, Person,
Sale, Sale price, Turnover, Works Contract, Taxable Turnover.
Registration of dealer
Incidence of Tax, Composition of Tax, Net tax of Registered dealer, Input tax credit,
Returns & Payment of tax
(18 lectures)

Recommended Readings:
Datey V. S. (2005): Indirect Taxes: Law and Practice, New Delhi, Taxmann
Kenkre S. R., Pai Bir Y. S. & Kamat A. T. (2005): Value Added Tax (VAT), Panaji,
Pato Informatics, 1e
Bhandare S. P. & Pai Raiker M. (2005): Goa Value Added Tax, Panaji, Trinity
Publishers

49
 507: CORPORATE FINANCE (4 credits: 100 marks)

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

corporations, the valuation of different sources of finance and to make students aware
of the rationale, procedure and implications of mergers and acquisition

Unit 1: Introduction to Valuation & Stock Valuation

A. Introduction to Valuation (20% marks)
Time value of money; Simple and compound interest rates; Continuous compounding
Real and nominal interest rates; Types of loans; Loan amortization

B. Stock Valuation (20% marks)

Meaning, Features of common and preference stock; Stock returns; Anticipated
returns; Present value of returns; Multiple year holding period - Constant growth
model, Two stage growth model, Three phase model; Valuation through P/E
(30 lectures)

Unit 2: Bond Valuation (20% marks)

Meaning, bond risk, types of bonds, Present value; Bond returns: - Holding period
returns - Current yield, Yield to maturity, Term structure of interest rates, Macaulay’s
Duration; Effects of interest rates and inflation on bonds (15 lectures)

Unit 3: Stock Dividends, Stock Repurchases and Stock Splits (20% marks)
Meaning, Type, Provision in India; Dividend stability; Cash dividend v/s
Repurchases; Factors affecting stock dividend; Stock repurchases and stock splits;
Reverse split (15 lectures)

Unit 4: Mergers and Amalgamations (20% marks)

Meaning and definition of Mergers and Amalgamations, Takeovers, Reverse merger,
Spin off
Types of mergers- Horizontal, Vertical, Conglomerate, Financial and managerial
Concentric companies: motives, Efficiency theories - Differential managerial
efficiency, Inefficient management, Operating synergy, Pure diversification
(15 lectures)
Recommended Readings:
Damodaran A. (1994): Damodaran on Valuations, New Delhi, John Wiley
Pandey I.M (2005): Essentials of Financial Management, New Delhi, Vikas
Pike R. (1998): Corporate Finance & Investments: Decisions & Strategies, New
Delhi, Prentice-Hall of India
Verma J.C. (1985): Corporate Finance, New Delhi, Vision Books
Watson D. & Head A. (2003): Corporate Finance: Principles & Practices, New
Delhi, Taxmann

50
 508: DERIVATIVES AND COMMODITY MARKETS (4 credits: 100 marks)

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

Derivatives and Commodity Markets to the students. The students will learn the
difference between Commodity and Financial derivatives, the Instruments available
for trading, Trading, Clearing & Settlement of Derivative Contracts and also the
regulatory framework for Derivative market in India.

Unit 1: Introduction to Derivatives (15% marks)

Derivatives Defined; Products, Participants and Functions; Derivatives Markets; Spot
versus Forward Transaction; Exchange Traded Versus OTC Derivatives; Some
commonly used Derivatives; Difference between Commodity And Financial
Derivatives; Physical Settlement; Warehousing; Quality of Underlying Assets
(12 lectures)

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

Forward Contracts; Futures Contracts; Distinction between Futures and Forward
Contracts; Futures Terminology
Introduction to Options: Option Terminology - Basic Payoffs, Payoff for Buyer of
Asset: Long Asset, Payoff for Seller of Asset: Short Asset; Payoff For Futures, Payoff
for Buyer of Futures: Long Futures, Payoff for Seller of Futures: Short Futures;
Payoff For Options - Payoff for Buyer of Call Options: Long Call, Payoff for Writer
of Call Options: Short Call, Payoff for Buyer of Put Options: Long Put, Payoff for
Writer of Put Options: Short Put (19 lectures)

Unit 3: Commodity Derivatives (15% marks)

Evolution of Commodity Exchanges; Commodity Exchange; Role of Commodity
Exchanges; Commodity Derivative Markets in India; Indian Commodity Exchanges;
Global Commodity Derivatives Exchanges; Recent Developments (11 lectures)

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

Trading - Futures Trading System; Entities in The Trading System; Commodity
Futures Trading Cycle; Order Types And Trading Parameters; Permitted Lot Size;
Tick size for contracts & Ticker symbol; Quantity Freeze; Base Price; Price Ranges of
Contracts; Order Entry on the Trading System; Margins For Trading In Futures
Clearing - Clearing Mechanism; Clearing Banks; Depository participants
Settlement - Settlement Mechanism; Settlement Methods; Entities involved in
Physical Settlement
Risk Management (26 lectures)

51
Unit 5: Regulatory Framework (10% marks)
Rules Governing Commodity Derivatives Exchanges /Participants; Rules Governing
Trading On Exchange – Trading, Clearing; Rules Governing Investor Grievances
(7 lectures)

Recommended Readings:
Pandey I. M. (1995): Essentials of Financial Management, New Delhi, Vikas
Avadhani V. A. (1998): Investment & Securities Market in India, Mumbai, Himalaya
Agarwal S.: A Guide to the Indian Capital Market, Bharat
NSE Study Material : Derivatives Markets (Dealers) Module
Websites of NSE, BSE, Forward Market Commission, MCX, NCDEX, NMCE, ACE

52
 601: Current Business & Finance Issues-II (2 credits: 50 marks)

Students will discuss current economic, business and finance-related issues – these
will include global-level, national-level and local-level issues

Guest faculty from industry will be invited to conduct these sessions; when such
faculty is unavailable, regular faculty will engage these sessions.

53
 602: Business &Financial Sector Legislation (2 credits: 50 marks)

OBJECTIVES: To acquaint the student with relevant sections of important

legislations relating to business & finance

Unit 1:
A. The Indian Contract Act 1872 (15% marks)
Meaning of contract, standard forms of contract, essentials of contract, parties,
execution, revocations, form of considerations, remedies, agency contracts,
appointment of agents and sub-agents (5 lectures)

B. The Companies Act 1956 (15% marks)

Types of companies, types of shares, buyback of securities, share capital, transfer of
shares, annual returns, Annual General Body Meeting, dividends, Investor Education
and Protection Fund (5 lectures)

Unit 2: Foreign Exchange Management Act 1999 (15% marks)

FEMA – major provisions relating to acquisition and use of foreign exchange;
transactions & uses disallowed under FEMA (5 lectures)

Unit 3: Negotiable Instruments Act 1881 & other Banking Acts (30% marks)
The Negotiable Instruments Act - Promissory notes, Bills of exchange, cheques and
crossed cheques, parties, negotiation and endorsement, presentment. Major provisions
of (i) most recently amended versions of Banking Regulation Act (1949), (ii) The
Securitisation and Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002 (SARFAESI), (iii) Prevention of Money Laundering Act, 2002
(13 lectures)

Unit 4: Securities Regulations (25% marks)

The Securities Contract (Regulation) Act 1956: Contracts between members and
recognized stock exchanges, maintenance & preservation of books & documents;
SEBI (Prohibition of Insider Trading) Regulations 1992: Definitions, Policy on
disclosures and internal procedures, Code of ethics
SEBI (Prohibition of Fraudulent & Unfair Trade Practices relating to Securities
Markets) Regulations 1995: Meaning of Fraud and Unfair practices, prohibition
against market manipulation, Prohibition of misleading statements for inducing sale /
purchase of securities, Prohibition of unfair trade practices
(10 lectures)

N. B. the most recent amendments in respect of each legislation are to be discussed

and, where possible, reference may be made to cases.

54
Recommended Readings
Bulchandani K. R. (2002): Business Law for Management, Mumbai, Himalaya, 2e
Bulchandani K. R. (2004): Business Law, Mumbai, Himalaya, 19e
Maheshwari S. N. & Maheshwari S. K. (2003): Business Regulatory Framework,
Mumbai, Himalaya, 1e
Raju V. R. K. (2005): Business Laws and Economic Legislations, Mumbai, Himalaya,
Wadhwani M. R. (2005): Business Law, Mumbai, Sheth, 26e
Websites of SEBI, BSE & NSE

55
 603: FINANCIAL STATEMENT ANALYSIS AND DECISION MAKING
(3 credits: 75 marks)

Objectives: to enabling the students to develop knowledge and understanding of

financial statement analysis; different tools and techniques of financial analysis and
their practical application in the published financial reports of companies

Unit 1: Financial Statement Analysis and Interpretation - I (30% marks)

Financial Statements – Meaning, types and Limitations. Meaning of Financial
Statements Analysis, Meaning of various tools of Financial Analysis
Ratio Analysis – Meaning and Functional Classification of ratios. (Profitability,
Liquidity, Leverage, Turnover, Market Strength Analysis and Coverage), Calculation
and Interpretation of Ratios from Balance Sheet and Income Statement
(17 lectures)

Unit 2: Financial Statement Analysis and Interpretation - II (25% marks)

Common Size statements – Meaning and Preparation of Common size Profit/Loss
account and Balance Sheet; Comparative Size statements- Meaning and Preparation of
Profit/Loss account and Balance Sheet; Trend Analysis- Meaning and Preparation of
Profit/Loss account and Balance Sheet; Value Added statement – Meaning and
Preparation of Value Added Statement; Introduction to concept of Extensible Business
Reporting Language (XBRL)
(14 lectures)

Unit 3: Contents of Corporate Annual Reports & Corporate Financial Reporting

A. Contents of Corporate Annual Reports: (30% marks)
Understanding the Contents of Corporate Annual Reports: Balance Sheet, Income
Statement, Cash flow Statement, Significant Accounting Policies, Auditor’s Report,
Director’s Report, Management Discussion and Analysis, Notes to Accounts
(17 lectures)

B. Corporate Financial Reporting (15% marks)

Meaning, Objectives of corporate financial reporting, Qualitative characteristics of
financial reporting information, Window Dressing in corporate financial reporting;
Specific Issues in Corporate Financial Reporting: Segment reporting - Meaning and
need, Interim reporting – Meaning and need; Corporate Governance - meaning
(8 lectures)
References:
Rao M.: Financial Statement Analysis and Reporting, PHI Learning Pvt. Ltd.
Mukherjee A. & M. Hanif: Corporate Accounting, Tata McGraw Hill.
Maheshwari S. N. & S. K. Maheshwari: Corporate Accounting, Vikas Publication
Shah P.: Basic Financial Accounting for Management, Oxford University Press.

56
 604: ELECTRONIC COMMERCE (3 credits: 75 marks)

Objectives: to develop understanding of web –based Commerce, equip students to

assess e-commerce requirements of a Business and develop e-business Plans.

Unit 1: Introduction to Electronic Commerce (20% marks)

Meaning Nature and scope, Business application of ecommerce, Global trading
Environment and adaption of ecommerce, Evolution of World Wide Web, Future of
Web
Website Design: Websites as Market Place, Role of Website in B2C E-commerce,
website Strategies, Website Design Principles, Push and Pull Approaches, Alternative
methods of customer communication such as e-mail, E-mail etiquette and E-mail
Security (10 lectures)

Unit 2: Business Models of Ecommerce (40% marks)

B2B, B2C, B2G and other models of E-commerce, applications of ecommerce to
supply chain management, product and service digitization, remote servicing ,
procurement , and online marketing and advertising , applications to CRM.

Business to Consumer E –Commerce applications

Cataloguing , order planning and order generation , cost estimation and pricing , order
receipt and Accounting , order selection and prioritisation , order scheduling fulfilling
and delivery, order billing and Post sales services .
Business to Business E –Commerce : Need and alternative models of B2B E –
Commerce, Using public and private computer networks for B2B trading, EDI and
paperless trading, Characteristics features of EDI service arrangement , Internet Based
EDI, EDI Architecture and standards, VAN’s ,Cost of EDI infrastructure , reasons for
slow acceptability of EDI for trading , E-Marketing , traditional web promotions ,
Web counters , Web Advertisements.
(23 lectures)

Unit 3: Electronic Payment System (40% marks)

Types of Payment system – e-cash and currency servers, E-cheques, credit cards,
smart cards, electronic purses and debit cards, operational credit and legal risks of e-
payment, risk management options for e-payment systems, Set standards.

Security Issues in E –Commerce

Risk of e-commerce –Types and sources threats, Protecting Electronic commerce
assets and intellectual property, fire walls Client server, Network security, Data and
message security, security tools; Digital Identity and Electronic Signature, Encryption
and concept of Public and private Key Infrastructure, Risk Management Approaches
to E-Commerce Security.
(23 lectures)

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Recommended Readings
Agarwala, Kales N., Amity All Deeksha Agrawala (2000): Business on the Net : An
Introduction to What and How of E-commerce, Macmillan India Ltd., 2000
Diwan P. and S. Sharma: Electronic Commerce – A Manager’s Guide to E-Business,
Vanity Books International, Delhi
Fitzerald (1998): Business Data Communication Network, McGraw Hill
KalaKota R. and A. B. Whinson (1999): Frontiers of Electronic Commerce, Addison
Wesley
Young M. L.: The Computer Reference to Internet, Tata McGraw Hill New Delhi.

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 605: SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
(4 credits: 100 marks)

Objective: To introduce the student to the process of investment and associated

considerations; to make the student aware of the theoretical basis of management of
investment portfolios; to help the student learn how to analyze portfolios
Unit 1: Introduction (20% marks)
Meaning and scope of Investments; Investment Process; Objective; Investment
Planning, Variables in Investment Decisions; Investment Avenues; Investment versus
Speculation
Types of securities: equity shares, sweat equity, non-voting shares, right shares, bonus
shares, preference shares, debentures, bonds, and warrants.
Risk: definition; systematic risk, unsystematic risk; minimising risk exposure; risk
management (15 lectures)

Unit 2: Fundamental Analysis & Technical analysis (25% marks)

Fundamental analysis: economic analysis; industry analysis; company analysis;
earnings of the company; financial analysis; growth in earnings
Technical analysis: assumptions; technical tools - Dow theory; Primary trend,
Secondary trend, Minor trends, Support and resistance, Indicators, Odd lot trading,
Moving averages, Rate of change, Charts, Technical analysis and fundamental
analysis. (19 lectures)

Unit 3: Efficient Market Theory and Markowitz Model (45% marks)

Efficient Market Theory; Basic concepts; The random walk theory; Weak form of
EMH; Semi strong form; Strong form; Essence of theory; Market inefficiencies
Markowitz Model: Introduction, Simple diversification, The Markowitz model, Risk
and return with different correlation, Markowitz efficient frontier (35 lectures)

Unit 4: Emerging issues in SAPM (10% marks)

Blue Chips; Non-Resident Indian Investment, Foreign Institutional Investors
Case Studies (6 lectures)

Recommended Readings:
Avadhani V. A. (1997): Investment Analysis and Portfolio Management, Mumbai,
Himalaya
Bodie Z. & Kane A. (1995): Essentials of Investment, London, Irwin
Chandra P. (2002): Investment Analysis and Portfolio Management, New Delhi, Tata
McGraw-Hill
Cordor A. (2003): Fundamentals of Investment, New Delhi, Prentice-Hall of India
Fischer D. E. & Jordan R. J. (1995): Security Analysis and Portfolio Management,
New Delhi, Prentice-Hall of India
Strong R. A. (2001): Portfolio Management Handbook, Mumbai, Jaico

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 606: STRATEGIC MANAGEMENT (4 credits: 100 marks)
Objective: To enable students to understand the importance of strategic management
decisions; to help them develop a holistic perspective of an organization; to enable
students analyse the various strategic situations facing the organization and apply the
concepts learned in the classroom to real-life events
Unit 1 – Introduction (15% marks)
Strategy – Meaning, Definition, Elements of strategy- mission, vision, objectives,
goals, targets, types of levels of strategy; Strategic Management – Meaning,
Definition, benefits of strategic management; Strategic management process.
(11 lectures)

Unit 2 – Environmental Scanning (35% marks)

Environmental Threat and Opportunity Profile (ETOP); PEST analysis; Portfolio
strategy - BCG matrix; GE Nine Cell matrix, SWOT analysis; TOWS Matrix SPACE
matrix; Competitive strategy – Competitor analysis, Porter’s Five Force Model;
McKinsey’s 7S Framework. (26 lectures)

Unit 3 – Corporate Level Generic Strategies (35% marks)

Stability strategies; Growth strategies – Intensive Growth, Integrated Growth,
Diversification Growth; Retrenchment strategies – Turnaround strategy, Captive
company strategy, transformation strategy, divestment strategy; Combination strategy;
Porter’s Generic strategies – low cost, differentiation, focus.
Strategic Change – Meaning, Barriers to change, Types of change, Implementation of
strategic change (steps) (27 lectures)

Unit 4 – Globalization (15% marks)

Globalization – Meaning, obstacles to globalization, factors favouring globalization,
Globalization Strategies – Exporting, foreign investment, mergers and acquisitions,
joint ventures, strategic alliance, licensing and franchising. (11 lectures)

References
Cherunilam F.: Strategic Management, Mumbai, Himalaya
Gupta V., Gollakota K. and Srinivasan R. (2005): Business Policy and Strategic
Management – Concepts and Application, New Delhi, Prentice-Hall of India, EEE
Lomash S. & Mishra P. K. (2005): Business Policy and Strategic Management, New
Delhi, Vikas
Miller A. & Dess G. (1996): Strategic Management, New York, McGraw-Hill,
International ed.
Pearce J. A. & Robinson Jr. R. B. (1995): Strategic Management – Strategy
Formulation and Implementation, New Delhi, A.I.T.B.S. 3e
Steiner G., Miner J. and Gray E. (1982): Management Policy and Strategy – Text,
Readings and Cases, New York, Macmillan, 2e
Subba Rao P.: Business Policy and Strategic Management
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 607: INTERNATIONAL FINANCE & FOREIGN EXCHANGE MARKETS
(4 credits: 100 marks)

OBJECTIVES: To acquaint students with the methods and procedures involved in

the financing of international trade and to make students conversant with
international and foreign exchange markets and the transactions therein

Unit 1: International Monetary System (10% marks)

International monetary system – need, evolution; Bretton Woods system; International
Monetary Fund and the World Bank; European Monetary Union and the euro;
regional financial institutions (7 lectures)

Unit 2: International Financial Markets, Foreign Investment (25% marks)

International Money and Capital markets; International bond markets; Euro Currency
markets; Euro Issues, ADRs, GDRs, Various International Debt instruments.
Foreign Direct Investment- meaning; determinants of FDI; FDI in India – trends in
volume and composition.
Foreign Portfolio Investment – meaning; Determinants of FPI; FPI in India – trends in
volume and composition.
(18 lectures)

Unit 3: Finance of International Trade (30% marks)

Basic concepts – correspondent bank, nostro account, SWIFT; types of contracts –
INCOTERMS; Finance of imports - letter of credit – meaning, types, parties,
operation; Finance of exports - pre-shipment and post-shipment finance in Rupees and
foreign currency; shipping documents; Export Credit and Guarantee Corporation of
India – functions and role; EXIM Bank of India – functions and role
(25 lectures)

Unit 4: Foreign Exchange Market, Exchange Rates & Balance of Payments

(30% marks)
Meaning of foreign exchange; features and functions of the forex market, participants,
various types of forex transactions; wholesale and retail markets; Indian forex market
Exchange rate systems - fixed, floating and managed floating; factors influencing
exchange rates, Types of forex rates – buying and selling rates applicable to different
instruments, cross rates, spot rates, forward rates.

Meaning and Structure of Balance of Payments; BoP Deficits and current account
deficits - meaning, causes, consequences, corrective measures
(25 lectures)

61
Recommended Readings:
Andley K. K. & Mattoo V. J. (1996): Foreign Exchange: Principles and Practice,
New Delhi, Sultan Chand & Sons, 8e.
Avadhani V. A. (2004): International Finance, Mumbai, Himalaya.
Buckley A. (1998): Multinational Finance, New Delhi, Prentice-Hall of India.
Giddy I. H. (1997): Global Financial Markets, New Delhi, A.I.T.B.S.
Carbaugh R. J. (1994): International Economics, Cincinnati, South-Western College.
Jain P. K., Peyrard J. & Yadav S. S. (1998): International Financial Management,
New Delhi, Macmillan.
Jeevanandam C. (2002): Foreign Exchange: Practice, Concepts and Control, New
Delhi, Sultan Chand & Sons.
Melvin M. (1999): International Money and Finance, New Delhi, Addison-Wesley.
Weisweiller R. (1983): Introduction to Foreign Exchange, London, Woodhead-
Faulkner.

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 608: CORPORATE RESTRUCTURING (4 credits: 100 marks)

Objectives: to introduce students to the concepts of mergers, acquisitions, takepvers

and other related concepts; to enable them to understand the process as well as
appreciate the benefits and drawbacks of all forms of corporate restructuring

Unit 1: Introduction (30% marks)

Meaning of corporate restructuring, need, scope and modes of restructuring, global
scenario and Indian scenario
Planning, formulation and execution of various corporate restructuring strategies-
mergers, acquisitions, takeovers, disinvestments and strategic alliances, demergers and
hiving off (22 lectures)

Unit 2: Mergers and Acquisitions (30% marks)

Meaning and definition, types of mergers, motives behind mergers, theories of
mergers, operating, financial and managerial synergy of mergers, value creation in
horizontal, vertical and conglomerate mergers, internal and external change forces
contributing to M & A activities.
Trends of Mergers and Acquisitions in India – growing need for corporate
restructuring in recent times (23 lectures)

Unit 3: Takeovers (20% marks)

Meaning and concept, types of takeovers, legal aspects - SEBI takeover regulations,
procedural aspects, economic aspects, financial aspects, accounting aspects, payment
of consideration, bailout takeovers, takeover of sick units. (15 lectures)

Unit 4: Funding of Mergers and Takeovers (20% marks)

Financial alternatives, merits and demerits, funding through various types of financial
instruments including preference shares, non-voting shares, buy-back of shares,
hybrids, employer stock options, takeover finance, ECBs, funding through financial
institutions and banks, rehabilitation finance, management buyouts (15 lectures)

Suggested Readings
Weston, Chung, Hoag: Mergers, Restructuring and Corporate Control, PHI
S. ShivaRamu: Corporate Growth through Mergers & Acquisitions, Sage Publications
John Humphrey, Kaplinsky and Saraph: Corporate Restructuring, Sage Publications
Sudarshan: The Essence of mergers and acquisitions, PHI
Weston: Takeovers, Restructuring and Corporate Governance , PHI
ShivaRamu S.: Restructuring and break-ups, Sage Publications
Ghosh T. P.: Buyback of shares, Taxmann
Mandal R. K.: Corporate Mergers in India, D.K. Publishers
Kaushal V. K.: Corporate Takeovers in India, D.K Publishers

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