Syllabus for

Academic Year  (2024)

Research Methodology helps the students to accumulate knowledge which are essential for gathering, analyzing and interpretation of the problems confronted by humanity. This paper introduces the nature of Social and Business research, and provides the techniques of research, identification of problem, research design, data collection, sampling, hypothesis, processing, and interpretation of data and preparation of reports. As a prerequisite, students should have a basic knowledge about the concepts relating to research, basic statistics and business.

Research – Meaning - Definition – Characteristics – Purpose – Types – Significance – Attributes of a Good Research and a Good Researcher – Social Research – Objectives – Assumptions - Deductive and Inductive Methods - Significance and Difficulties of Social Research. Business Research- Research and Business Decisions. Ethics in research Scope of Research in Business and Commerce – Research in India. Formulation of Research Problem – Criteria, Sources, Selection of Research Problem

Research – Meaning - Definition – Characteristics – Purpose – Types – Significance – Attributes of a Good Research and a Good Researcher – Social Research – Objectives – Assumptions - Deductive and Inductive Methods - Significance and Difficulties of Social Research. Business Research- Research and Business Decisions. Ethics in research Scope of Research in Business and Commerce – Research in India. Formulation of Research Problem – Criteria, Sources, Selection of Research Problem

Literature Review: Sources – Library Usage – Different Types of Literature Review - Process of Literature Review – Different Formats of presenting Literature Review - Identification of Research Gap – Softwares available for Literature Review and Citation - APA 7th edition formats. Research Design: Meaning – Characteristics – Importance – Types of Variables – Classification of Research Design.

Literature Review: Sources – Library Usage – Different Types of Literature Review - Process of Literature Review – Different Formats of presenting Literature Review - Identification of Research Gap – Softwares available for Literature Review and Citation - APA 7th edition formats. Research Design: Meaning – Characteristics – Importance – Types of Variables – Classification of Research Design.

 Sampling Techniques: Census Survey and Sample Survey – Characteristics of Good Sample – Sampling Design Process – Types of Sampling Techniques – Probability and Non-Probability Sampling, Sampling and Non-Sampling Errors, Calculation of Sample Size. Sources of Data - Primary Data & Secondary Data: Primary Data Vs Secondary Data - Interview – Questionnaire– Schedule – Observation – Case Study. Secondary Data: Sources (Different Databases available for Secondary sources of data), Collection, Organization & Evaluation.

 Sampling Techniques: Census Survey and Sample Survey – Characteristics of Good Sample – Sampling Design Process – Types of Sampling Techniques – Probability and Non-Probability Sampling, Sampling and Non-Sampling Errors, Calculation of Sample Size. Sources of Data - Primary Data & Secondary Data: Primary Data Vs Secondary Data - Interview – Questionnaire– Schedule – Observation – Case Study. Secondary Data: Sources (Different Databases available for Secondary sources of data), Collection, Organization & Evaluation.

Hypothesis: Meaning of Hypothesis – Importance - Characteristics – Limitations - Concepts – Basic concepts concerning testing of hypothesis – Null Hypothesis and Alternate hypothesis- Type I and Type II errors- Level of significance- Two tailed and One Tailed test - Parametric Vs Non-Parametric Tests.

Hypothesis: Meaning of Hypothesis – Importance - Characteristics – Limitations - Concepts – Basic concepts concerning testing of hypothesis – Null Hypothesis and Alternate hypothesis- Type I and Type II errors- Level of significance- Two tailed and One Tailed test - Parametric Vs Non-Parametric Tests.

Introduction to Data Processing – Editing – Coding – Classification – Tabulation –Pictorial And Graphical Presentation – Problems In Processing of Data. Introduction to Data Analysis– Factors Influencing Data Analysis – Measures of Central Tendency, Dispersion, Distribution, Validating questionnaire through Pilot Study, Introduction to simple Data Analysis Tools (ANOVA– Chi Square Test – Sign Test – Rank Correlation) and interpretation of the outputs (Practical).

Introduction to Data Processing – Editing – Coding – Classification – Tabulation –Pictorial And Graphical Presentation – Problems In Processing of Data. Introduction to Data Analysis– Factors Influencing Data Analysis – Measures of Central Tendency, Dispersion, Distribution, Validating questionnaire through Pilot Study, Introduction to simple Data Analysis Tools (ANOVA– Chi Square Test – Sign Test – Rank Correlation) and interpretation of the outputs (Practical).

Reporting: Introduction – Meaning – Importance – Problems – Qualities of a good Research Report – Types of Reports – Steps in writing reports – Ethics in Research.

Reporting: Introduction – Meaning – Importance – Problems – Qualities of a good Research Report – Types of Reports – Steps in writing reports – Ethics in Research.

Essential Reading:

Gupta, S.K. & Rangi, P. (2016). Business Research Methods. Ludhiana: Kalyani Publishers.

Recommended Reading:

● Krishnaswami, O.R., Ranganatham, M. & Harikumar, P.N. (2019). Research Methodology. Mumbai: Himalaya Publishing House.

● Malhotra, N. K. (2019). Marketing research: An applied orientation, 7/e. Pearson Education India.

Students are evaluated for each paper on the basis of written examination and continuous internal assessment (CIA). Each paper carries maximum of 100 marks and is evaluated as follows:

This course provides the understanding of concepts, techniques, and use of accounting information in the planning and control of business organizations from the management perspective. It enables the students to analyze and interpret the financial statements, calculate ratios and their analysis, prepare cash flow statements, prepare budgets and marginal cost sheets, and also helps the student to prepare management reports for decision-making. As a prerequisite, the student should know the basics of financial and cost accounting.

Level of Knowledge: Basic and Conceptual

Evolution of Management Accounting, Meaning and Definition, Nature, Scope and Importance of Management Accounting, objectives and Functions of Management Accounting, relationship between Financial, Cost and Management Accounting, distinction between Management accounting and financial Accounting, distinction between Management Accounting and Cost Accounting, Management Accountant: His status and Functions, duties of a Management Accountant.

Level of Knowledge: Basic and Conceptual

Evolution of Management Accounting, Meaning and Definition, Nature, Scope and Importance of Management Accounting, objectives and Functions of Management Accounting, relationship between Financial, Cost and Management Accounting, distinction between Management accounting and financial Accounting, distinction between Management Accounting and Cost Accounting, Management Accountant: His status and Functions, duties of a Management Accountant.

Level of Knowledge: Working Knowledge

Concept and types of Financial Statements, significance and importance of Financial Statements, methods of analysis of financial statements, techniques of analysis and interpretation – Comparative Income Statements, Comparative Balance Sheets, Common Size Income Statements, Common Size Balance Sheets, Trend Analysis (problems on the above topics).

Level of Knowledge: Working Knowledge

Concept and types of Financial Statements, significance and importance of Financial Statements, methods of analysis of financial statements, techniques of analysis and interpretation – Comparative Income Statements, Comparative Balance Sheets, Common Size Income Statements, Common Size Balance Sheets, Trend Analysis (problems on the above topics).

Level of Knowledge: Working Knowledge

Meaning of Ratio, objectives of Ratio Analysis, Significance of Ratio Analysis, Limitations of Ratio Analysis, Classification of Ratios, calculation and interpretation of profitability ratios, liquidity ratios, solvency ratios, advanced problems on the above (including preparation of Income statement and Balance sheet).

Level of Knowledge: Working Knowledge

Meaning of Ratio, objectives of Ratio Analysis, Significance of Ratio Analysis, Limitations of Ratio Analysis, Classification of Ratios, calculation and interpretation of profitability ratios, liquidity ratios, solvency ratios, advanced problems on the above (including preparation of Income statement and Balance sheet).

Level of Knowledge: Working Knowledge

Introduction & Meaning of Funds Flow Statement, Concept of Fund, Concept of Flow of Fund, Uses and Limitations of Funds Flow Statement, Schedule of Changes in Working Capital, Calculation of Funds From Operations, Statement of Sources and Application of Funds – basic problems on the above. Introduction & meaning of CFS, differences between FFS and CFS, utility and limitations of CFS, Preparation of CFS – advanced problems (only indirect method) according to accounting standard 3

Level of Knowledge: Working Knowledge

Introduction & Meaning of Funds Flow Statement, Concept of Fund, Concept of Flow of Fund, Uses and Limitations of Funds Flow Statement, Schedule of Changes in Working Capital, Calculation of Funds From Operations, Statement of Sources and Application of Funds – basic problems on the above. Introduction & meaning of CFS, differences between FFS and CFS, utility and limitations of CFS, Preparation of CFS – advanced problems (only indirect method) according to accounting standard 3

Level of Knowledge: Conceptual Knowledge

Introduction – Meaning – Objectives – Essentials of Budgetary Controls – Classification of Budgets – Steps in Budgeting – Preparation of Cash Budget and Flexible Budget

Meaning of Reporting and Reports, Essentials of an ideal report, Designing and Installation of Reporting system, Types of Reports, Drafting of Reports under different situations.

Level of Knowledge: Conceptual Knowledge

Introduction – Meaning – Objectives – Essentials of Budgetary Controls – Classification of Budgets – Steps in Budgeting – Preparation of Cash Budget and Flexible Budget

Meaning of Reporting and Reports, Essentials of an ideal report, Designing and Installation of Reporting system, Types of Reports, Drafting of Reports under different situations.

• Khan, M.Y. &. Jain,P.K. (2018) Management Accounting(7ed). New Delhi: Tata McGraw. Hill
• Arora, M.N. (2021).Cost and Management Accounting (11 ed. Mumbai: Himalaya Publishing House.
• Dr.Maheswari, S.N, Maheshwari Suneel K, Maheshwari Sharad K (CA ) (2021). Management Accounting. New Delhi: Sultan Chand & Sons. E.Gordon, Sundram.N

Course Description:

The course intends to impart knowledge on direct tax. It provides basic knowledge of the concept of income, the basis of charge, and the determination of residential status. It provides thorough knowledge on the computation of income five heads of income namely income from salary, income from house property, income from business or profession, income from capital gains, and income from other sources. It also provides knowledge of various concepts and their application relating to direct tax laws with a view to integrating the relevance of these laws with tax planning and decisions. As a prerequisite, the students should be having basic knowledge about the Taxation system and Tax provisions prevailing in India.

Level of Knowledge:  Basic and Conceptual

Concept of Income Tax-Finance Bill & Act; Definitions: Assessee, Person, Assessment year, Previous year, Income, Total Income, and Agricultural Income – Concept of Capital & Revenue Receipts (b) Payments (Expenditure). Charge of Income - Tax Residence Status of Individuals - Scope of Total Income - Income deemed to be received - Income Deemed to accrue or arise in India – problems on residential status.

Level of Knowledge:  Basic and Conceptual

Concept of Income Tax-Finance Bill & Act; Definitions: Assessee, Person, Assessment year, Previous year, Income, Total Income, and Agricultural Income – Concept of Capital & Revenue Receipts (b) Payments (Expenditure). Charge of Income - Tax Residence Status of Individuals - Scope of Total Income - Income deemed to be received - Income Deemed to accrue or arise in India – problems on residential status.

Level of Knowledge: Basic and Conceptual

Brief introduction – Income from Salary – Definition; Characteristics of Salary Income; Computation of Salary Income – Basic Salary – Allowances – Perquisites (Valuation of RFA, Motor car, Benefits provided to specified employees) - Leave Encashment - Commutation of Pension - Death-cum-Retirement Gratuity -, Deduction from Gross Salary u/s 16 – Computation of income from salary.

Level of Knowledge: Basic and Conceptual

Brief introduction – Income from Salary – Definition; Characteristics of Salary Income; Computation of Salary Income – Basic Salary – Allowances – Perquisites (Valuation of RFA, Motor car, Benefits provided to specified employees) - Leave Encashment - Commutation of Pension - Death-cum-Retirement Gratuity -, Deduction from Gross Salary u/s 16 – Computation of income from salary.

Level of Knowledge:  Conceptual & Analytical

Meaning – Types of House Properties - Annual value Determination in different situations: House- treatment of unrealized rent and vacancy- Deductions for let out House properties – Annual Value of Self Occupied House Property –Deduction for Self-Occupied Property –– Computation of Income from Let-Out House Property, Income from Self Occupied House Property.

Level of Knowledge:  Conceptual & Analytical

Meaning – Types of House Properties - Annual value Determination in different situations: House- treatment of unrealized rent and vacancy- Deductions for let out House properties – Annual Value of Self Occupied House Property –Deduction for Self-Occupied Property –– Computation of Income from Let-Out House Property, Income from Self Occupied House Property.

Level of Knowledge:  Conceptual & Analytical

Computation of Income under this head - Allowable Expenses - Expenses expressly disallowed - Problems relating to business (sole trader only) and Problems on profession relating to Chartered Accountant, Advocate and Doctor.

Level of Knowledge:  Conceptual & Analytical

Computation of Income under this head - Allowable Expenses - Expenses expressly disallowed - Problems relating to business (sole trader only) and Problems on profession relating to Chartered Accountant, Advocate and Doctor.

Level of Knowledge:  Conceptual & Analytical

Capital Asset – inclusions/exclusions; Short Term Capital Asset; Long Term Capital Asset, Definition of Transfer, Transactions not regarded as transfer (relevant to individuals only); Computation of LTCG and STCG, indexation benefit and exemption with reference to sections 54, 54B, 54D, 54EC, 54F and 54G (Basic Problems only). Meaning and Explanation of Income from Other sources – Various Incomes which are falling under this head – Deductions allowed – Expenses Not Deductible – Computation of Income.

Level of Knowledge:  Conceptual & Analytical

Capital Asset – inclusions/exclusions; Short Term Capital Asset; Long Term Capital Asset, Definition of Transfer, Transactions not regarded as transfer (relevant to individuals only); Computation of LTCG and STCG, indexation benefit and exemption with reference to sections 54, 54B, 54D, 54EC, 54F and 54G (Basic Problems only). Meaning and Explanation of Income from Other sources – Various Incomes which are falling under this head – Deductions allowed – Expenses Not Deductible – Computation of Income.

Set–off and carry forward of losses - Scheme of Intra head and Inter head set-off and exceptions. Conditions for carry forward losses. Deduction from Gross Total Income u/s 80C, 80CCC, 80CCD,80D, 80DD, 80DDB, 80E, 80G, 80GG , 80GGA, 80QQB, 80RRB, 80TTA, 80TTB, 80U – Computation of Total Income and Tax Liability of individual Assessee only.

Set–off and carry forward of losses - Scheme of Intra head and Inter head set-off and exceptions. Conditions for carry forward losses. Deduction from Gross Total Income u/s 80C, 80CCC, 80CCD,80D, 80DD, 80DDB, 80E, 80G, 80GG , 80GGA, 80QQB, 80RRB, 80TTA, 80TTB, 80U – Computation of Total Income and Tax Liability of individual Assessee only.

●        Narang. & Gaur. (2022). Income Tax. Mumbai: Himalaya Publication House.

●        Vinod,K.S. (2022). Direct Taxes-Law && Practice (24 ed.). New Delhi: Taxman Publication.

●        Manoharan,T.N.(2022). Students'   Hand   Book   on   Income   Tax   Law.   Chennai

:Snowwhite Publications P. Ltd.

Course Description:

The purpose of the course is to guarantee that students have an expansive comprehension of the general standards of risk in business, the key dangers that emerge inside the financial services industry, the impact of corporate administration, control and codes of conduct, and the methodologies that are regularly used to recognize, reduce and oversee particular parts of risk.

Level of Knowledge: Conceptual

Introduction to Risk in Business, Specific Risks in Financial Services, external sources of risk and their potential impact on a business: economic, political, competitive environment, social and market forces, technological including cyber security, shocks and natural events, external stakeholders and third parties.

Level of Knowledge: Conceptual

Introduction to Risk in Business, Specific Risks in Financial Services, external sources of risk and their potential impact on a business: economic, political, competitive environment, social and market forces, technological including cyber security, shocks and natural events, external stakeholders and third parties.

Level of Knowledge: Theoretical & Conceptual

The Bank for International Settlements, role of the Bank for International Settlements, Basel Regulatory Capital, international guidelines and supervisorystandards established by the Basel Committee, Capital Adequacy Assessment Process (ICAAP), principles of home-host state regulation, Regulatory Risk, differences between statutory and principles-based approaches to financial regulation.

Level of Knowledge: Theoretical & Conceptual

The Bank for International Settlements, role of the Bank for International Settlements, Basel Regulatory Capital, international guidelines and supervisorystandards established by the Basel Committee, Capital Adequacy Assessment Process (ICAAP), principles of home-host state regulation, Regulatory Risk, differences between statutory and principles-based approaches to financial regulation.

Level of Knowledge: Theoretical & Conceptual

Definitions of Operational Risk according to the Basel Committee on Banking Supervision, Basel operational risk event types: Internal Fraud, External Fraud, Employment Practices and Workplace Safety, Clients, Products, & Business Practice, Damage to Physical Assets, Business Disruption & Systems Failures, Execution, Delivery & Process Management, Operational Risk Policy, Operational Risk Framework: identification, measurement, management and control, management information, monitoring, escalation, remediation. Operational Risk Identification, Operational Risk Assessment and Measurement, Managing Operational Risk, Credit Risk: Identification of Credit Risk: understand the key components of credit risk and how they arise:counterparty risk, issuer risk, and concentration risk. Credit Risk Measurement: techniques for measuring credit risk, credit exposure, credit risk premium, credit ratings. Credit Risk Management: sound practice features of an effective credit risk management function, reporting and escalation tools of credit risk management, Basel key stages of credit risk policy development.

Level of Knowledge: Theoretical & Conceptual

Definitions of Operational Risk according to the Basel Committee on Banking Supervision, Basel operational risk event types: Internal Fraud, External Fraud, Employment Practices and Workplace Safety, Clients, Products, & Business Practice, Damage to Physical Assets, Business Disruption & Systems Failures, Execution, Delivery & Process Management, Operational Risk Policy, Operational Risk Framework: identification, measurement, management and control, management information, monitoring, escalation, remediation. Operational Risk Identification, Operational Risk Assessment and Measurement, Managing Operational Risk, Credit Risk: Identification of Credit Risk: understand the key components of credit risk and how they arise:counterparty risk, issuer risk, and concentration risk. Credit Risk Measurement: techniques for measuring credit risk, credit exposure, credit risk premium, credit ratings. Credit Risk Management: sound practice features of an effective credit risk management function, reporting and escalation tools of credit risk management, Basel key stages of credit risk policy development.

Level of Knowledge: Theoretical & Conceptual

Identification of Market Risk, different types of market risk: volatility risk, liquidity risk, currency risk, basis risk, Interest rate risk, commodity risk, equity risk. Market Risk Management: techniques and their application in managing market risk: hedging, market risk limits diversification. Concepts used in risk measurement and control: probability, volatility, regression, correlation coefficients alpha and beta, optimization. Value-at-Risk (VaR) approach to managing market risk. The Measurement of Investment Returns: basic concepts and measurement of investment related returns: nominal returns, real returns, total returns, holding period return. Identification and Measurement of Investment Risk, asset and portfolio investment risk, significance of alpha, beta and key investor ratios. Identification of Liquidity Risk: constituents of liquidity risk and how they can arise within the contexts of credit, market, investment and operational risk. Measurement of Liquidity Risk: funding liquidity risk analysis:liquidity gap analysis, stress testing, expected future funding requirement

Level of Knowledge: Theoretical & Conceptual

Identification of Market Risk, different types of market risk: volatility risk, liquidity risk, currency risk, basis risk, Interest rate risk, commodity risk, equity risk. Market Risk Management: techniques and their application in managing market risk: hedging, market risk limits diversification. Concepts used in risk measurement and control: probability, volatility, regression, correlation coefficients alpha and beta, optimization. Value-at-Risk (VaR) approach to managing market risk. The Measurement of Investment Returns: basic concepts and measurement of investment related returns: nominal returns, real returns, total returns, holding period return. Identification and Measurement of Investment Risk, asset and portfolio investment risk, significance of alpha, beta and key investor ratios. Identification of Liquidity Risk: constituents of liquidity risk and how they can arise within the contexts of credit, market, investment and operational risk. Measurement of Liquidity Risk: funding liquidity risk analysis:liquidity gap analysis, stress testing, expected future funding requirement

Level of Knowledge: Theoretical & Conceptual

Overview of Model Risk: benefits and limitations of modeling, major models utilized in operational, credit, market and liquidity risks, the principles of effective governance of risk modeling. Risk Governance within Financial Services Organizations: general roles, responsibilities and relationships between the principal oversight functions and the role of senior management. Risk Culture and Leadership: factors determining a firm’s risk and control culture:governance and policies, risk appetite / risk tolerance, transparency, integrity, ethics and social responsibility, education and development. Enterprise Risk Management (ERM): definitions of enterprise risk and ERM, goals and challenges of establishing and implementing an ERM programme in relation to: exception-based escalation, aggregation, accountability.

Level of Knowledge: Theoretical & Conceptual

Overview of Model Risk: benefits and limitations of modeling, major models utilized in operational, credit, market and liquidity risks, the principles of effective governance of risk modeling. Risk Governance within Financial Services Organizations: general roles, responsibilities and relationships between the principal oversight functions and the role of senior management. Risk Culture and Leadership: factors determining a firm’s risk and control culture:governance and policies, risk appetite / risk tolerance, transparency, integrity, ethics and social responsibility, education and development. Enterprise Risk Management (ERM): definitions of enterprise risk and ERM, goals and challenges of establishing and implementing an ERM programme in relation to: exception-based escalation, aggregation, accountability.

Course Description

This course intends to provide a basic understanding of the insurance mechanism. It explains the concept of insurance and how it is used to cover risk. How insurance is transacted as a business and how the insurance market operates is also explained. The relationship between insurers and their customers and the importance of insurance contracts are discussed. Some commonly used insurance terms are also listed out. An overview of major life insurance and general insurance products is included as well.

Level of Knowledge: Conceptual and theoretical

Provides an understanding of risk management – different types of risks – actual and consequential losses – management of risks – loss minimization techniques.

Level of Knowledge: Conceptual and theoretical

Provides an understanding of risk management – different types of risks – actual and consequential losses – management of risks – loss minimization techniques.

Level of Knowledge: Conceptual and theoretical

The basics and nature of insurance – evolution and nature of insurance – how insurance operates today – different classes of insurance – importance of insurance – how insurance takes care of unexpected eventualities.

Level of Knowledge: Conceptual and theoretical

The basics and nature of insurance – evolution and nature of insurance – how insurance operates today – different classes of insurance – importance of insurance – how insurance takes care of unexpected eventualities.

Level of Knowledge: Conceptual and theoretical

Management of risk by individuals – management of risk by insurers – fixing of premiums – reinsurance and its importance for insurers – role of insurance in economic development and social security – contribution of insurance to the society.

Level of Knowledge: Conceptual and theoretical

Management of risk by individuals – management of risk by insurers – fixing of premiums – reinsurance and its importance for insurers – role of insurance in economic development and social security – contribution of insurance to the society.

The various constituents of the insurance market – operations of insurance companies - operations of intermediaries – specialist insurance companies – insurance specialists – the role of regulators – other bodies connected with insurance.

Understanding insurance customers – different customer needs – importance of customers – customer mindsets – customer satisfaction – customer behavior at purchase point – customer behavior when claim occurs – importance of ethical behavior.

The various constituents of the insurance market – operations of insurance companies - operations of intermediaries – specialist insurance companies – insurance specialists – the role of regulators – other bodies connected with insurance.

Understanding insurance customers – different customer needs – importance of customers – customer mindsets – customer satisfaction – customer behavior at purchase point – customer behavior when claim occurs – importance of ethical behavior.

Level of Knowledge: Conceptual and theoretical

Terms of an insurance contract – principles which form the foundation of insurance – significance of the principle of insurable interest – the principle of indemnity – the principle of subrogation – the principle of contribution – disclosure of all relevant information – principle of utmost good faith – the relevance of proximate cause – the insurance contract.

Level of Knowledge: Conceptual and theoretical

Terms of an insurance contract – principles which form the foundation of insurance – significance of the principle of insurable interest – the principle of indemnity – the principle of subrogation – the principle of contribution – disclosure of all relevant information – principle of utmost good faith – the relevance of proximate cause – the insurance contract.

Level of Knowledge: Conceptual

Common terms used in insurance – terms common to both life and non – life insurance – terms are specific to life and non – life insurance – how insurance terms are used.

Level of Knowledge: Conceptual

Common terms used in insurance – terms common to both life and non – life insurance – terms are specific to life and non – life insurance – how insurance terms are used.

Level of Knowledge: Conceptual and working

The risk of dying early – the risk of living too long –different products offered by life insurers

– term plans – pure endowment plans –combinations of plans – traditional products – linked policies – features of annuities and group policies.

Level of Knowledge: Conceptual and working

The risk of dying early – the risk of living too long –different products offered by life insurers

– term plans – pure endowment plans –combinations of plans – traditional products – linked policies – features of annuities and group policies.

Level of Knowledge: Conceptual and theoretical

Risks faced by the owner of assets – exposure to perils – features of products covering fire and allied perils – products covering marine and transit risks – products covering financial losses due to accidents – products covering financial losses due hospitalization – products covering miscellaneous risks.

Level of Knowledge: Conceptual and theoretical

Risks faced by the owner of assets – exposure to perils – features of products covering fire and allied perils – products covering marine and transit risks – products covering financial losses due to accidents – products covering financial losses due hospitalization – products covering miscellaneous risks.

Course Description

The paper is an elective paper for 5^th sem . The rapidity of inclusion of various financial products and services made the need for learning the latest developments. New avenues for investment apart from the traditional investment and also the concepts of micro credit, micro finance, value chain finance, rural finance witnessed major changes .

Level of Knowledge:  Conceptual and Basic

Microfinance – Meaning, definition and conceptual framework and its history– Models of microfinance – Microcredit Vs Micro-savings Vs Microfinance – Microfinance institutions (MFI) Development of microfinance in India – GOI, RBI, MFDF and NABARD initiatives for development of microfinance in India – Innovative microfinance models in India – Issues faced by microfinance in India-Micro delivery mechanism – case study of SKS MFI and Grameen Bank-NGO and SHG. Y.H. Malegam committee report on Microfinance – Microfinance and poverty – Microfinance and economic development – microfinance and rural development – microfinance and women empowerment – Microfinance and informal finance sector – Microfinance and small business development.

Level of Knowledge:  Conceptual and Basic

Microfinance – Meaning, definition and conceptual framework and its history– Models of microfinance – Microcredit Vs Micro-savings Vs Microfinance – Microfinance institutions (MFI) Development of microfinance in India – GOI, RBI, MFDF and NABARD initiatives for development of microfinance in India – Innovative microfinance models in India – Issues faced by microfinance in India-Micro delivery mechanism – case study of SKS MFI and Grameen Bank-NGO and SHG. Y.H. Malegam committee report on Microfinance – Microfinance and poverty – Microfinance and economic development – microfinance and rural development – microfinance and women empowerment – Microfinance and informal finance sector – Microfinance and small business development.

Level of Knowledge:  Conceptual

Securitization of debt- Meaning-Features- Special Purpose Vehicle- Pass Through Certificate & mechanism –Benefits of Securitization – Issues in Securitization Stock Broking: introduction, bodies Regulating Stock Broking Firms-Functions of Stock Broking Firms - Services of Depository and functions -Stock lending and Borrowing - Mutual fund: Types Mutual Funds – Advantages of mutual funds - Exchange Traded Funds-Trust-AMC-Custodians-Sponsor – Hedge funds- Regulations on mutual funds in India- Net Asset Value - Selection of a Fund – Performance Evaluation of Mutual funds.

Level of Knowledge:  Conceptual

Securitization of debt- Meaning-Features- Special Purpose Vehicle- Pass Through Certificate & mechanism –Benefits of Securitization – Issues in Securitization Stock Broking: introduction, bodies Regulating Stock Broking Firms-Functions of Stock Broking Firms - Services of Depository and functions -Stock lending and Borrowing - Mutual fund: Types Mutual Funds – Advantages of mutual funds - Exchange Traded Funds-Trust-AMC-Custodians-Sponsor – Hedge funds- Regulations on mutual funds in India- Net Asset Value - Selection of a Fund – Performance Evaluation of Mutual funds.

Level of Knowledge:  Conceptual

Underwriting:  meaning – types – mechanism – benefits and functions – Indian Scenario – underwriting agencies – underwriter – underwriting agreement – SEBI guidelines; Leasing: Characteristics - Types - Participants - Myths about Leasing - Hire Purchase - Lease Financing Vs Hire Purchase Financing

Level of Knowledge:  Conceptual

Underwriting:  meaning – types – mechanism – benefits and functions – Indian Scenario – underwriting agencies – underwriter – underwriting agreement – SEBI guidelines; Leasing: Characteristics - Types - Participants - Myths about Leasing - Hire Purchase - Lease Financing Vs Hire Purchase Financing

Level of Knowledge:  Conceptual

Introduction to alternative investing- History- Difference between traditional and alternative investments - purpose of investing in Alternative investment- AIM (Alternate Investment Market) in UK - TSX Ventures in Canada - GEM (Growth Enterprise Market) in Hong Kong - MOTHERS (Market of the high-growth and emerging stocks) in Japan - Catalist in Singapore – Chinext in China – Regulations and features of SME exchange in India – Listing in SME exchange in India.

Level of Knowledge:  Conceptual

Introduction to alternative investing- History- Difference between traditional and alternative investments - purpose of investing in Alternative investment- AIM (Alternate Investment Market) in UK - TSX Ventures in Canada - GEM (Growth Enterprise Market) in Hong Kong - MOTHERS (Market of the high-growth and emerging stocks) in Japan - Catalist in Singapore – Chinext in China – Regulations and features of SME exchange in India – Listing in SME exchange in India.

Level of Knowledge:  Conceptual

Hedge funds: Structure, categories & biases- Relative value & event driven strategies; Funds of Funds:  meaning- Idiosyncratic risk- selection of investment: Equity hedge fund- strategies-marker risk exposure –stock selection-difference between equity hedge fund & traditional investment;

Real assets: Key aspects of real assets- assessing real assets- valuation of real assets- Raw land-farmland- timber- infrastructure- intellectual property; Commodities: overview of commodity investing-access to commodities with future contract- commodities returns & sources of return; Private real estate and liquidity: types- Challenges- valuation approaches- disadvantages of private real estate.

Level of Knowledge:  Conceptual

Hedge funds: Structure, categories & biases- Relative value & event driven strategies; Funds of Funds:  meaning- Idiosyncratic risk- selection of investment: Equity hedge fund- strategies-marker risk exposure –stock selection-difference between equity hedge fund & traditional investment;

Real assets: Key aspects of real assets- assessing real assets- valuation of real assets- Raw land-farmland- timber- infrastructure- intellectual property; Commodities: overview of commodity investing-access to commodities with future contract- commodities returns & sources of return; Private real estate and liquidity: types- Challenges- valuation approaches- disadvantages of private real estate.

Level of Knowledge:  Conceptual

Private Equity: meaning – types- venture capital- leveraged buyouts- debt securities- access to private equity – private equity fund fee- challenges of internal rate of return- the J-curve- Key sources of returns from private equity; Structured product & Liquid Alternative: Credit Default swaps (CDS)-meaning-forms of payment- categories of trigger events and valuation- economic role of CDS in broader investment landscape- cycle of CDS- CDS indexes- CDS as tool for transferring & managing credit risk; Collateralized debt obligation (CDO)-overview of CDO- cash flow in CDO-default loss allocation-Credit rating impact on structure & performance of CDO- types of CDO- economic role of CDO in investment world; Liquid Alternative. 

Level of Knowledge:  Conceptual

Private Equity: meaning – types- venture capital- leveraged buyouts- debt securities- access to private equity – private equity fund fee- challenges of internal rate of return- the J-curve- Key sources of returns from private equity; Structured product & Liquid Alternative: Credit Default swaps (CDS)-meaning-forms of payment- categories of trigger events and valuation- economic role of CDS in broader investment landscape- cycle of CDS- CDS indexes- CDS as tool for transferring & managing credit risk; Collateralized debt obligation (CDO)-overview of CDO- cash flow in CDO-default loss allocation-Credit rating impact on structure & performance of CDO- types of CDO- economic role of CDO in investment world; Liquid Alternative. 

To acquaint the candidates with the different aspects of life insurance and general insurance its different applications and its detailed features. It gives the reader an insight into the different types of life insurance plans products, and its variations. The method of premium calculation and bonus, the different types of annuity plans, group insurance plans etc., are explained in a lucid style, for an easy understanding. Topics on Unit-linked policies, nomination and assignments, lapsed and revival of policies, surrender values and foreclosure, as also policy claims have all been brought out very well. General insurance policies, underwriting practices, claims management, accounting, investments and customer service.

Introduction to Life Insurance, Need and Trends 

Introduction to Life Insurance, Need and Trends 

Concept of premium – Different types of premium – Different factors considered in calculating premium –

Concept of premium – Different types of premium – Different factors considered in calculating premium –

Different types of life insurance plans – Term Plan –Endowment Plan – Money Back Insurance Plan – Whole-Life Insurance Plan – Unit Linked Insurance Plans (ULIPs) – Joint Life Insurance Plans – Child Insurance Plans – Rider benefits – Industrial life insurance – MWP Policies– Keyman insurance – Health insurance and its types.

Different types of life insurance plans – Term Plan –Endowment Plan – Money Back Insurance Plan – Whole-Life Insurance Plan – Unit Linked Insurance Plans (ULIPs) – Joint Life Insurance Plans – Child Insurance Plans – Rider benefits – Industrial life insurance – MWP Policies– Keyman insurance – Health insurance and its types.

Understand the concept of annuity – Different types of annuity plans – Advantages and disadvantages of annuity –Annuity Vs Life Insurance – Important terms used in annuity

Understand the concept of annuity – Different types of annuity plans – Advantages and disadvantages of annuity –Annuity Vs Life Insurance – Important terms used in annuity

Importance of group insurance schemes – Main features of group insurance schemes – Eligibility conditions in group insurance – Different types of group insurance schemes

Importance of group insurance schemes – Main features of group insurance schemes – Eligibility conditions in group insurance – Different types of group insurance schemes

Concept of Unit-linked policies

Concept of Unit-linked policies

Fundamentals of life insurance contracts – Principles of utmost good faith – Insurable interest Life insurance policy application and process – Proposal form and related documents.

Fundamentals of life insurance contracts – Principles of utmost good faith – Insurable interest Life insurance policy application and process – Proposal form and related documents.

Importance of a policy document – Format of a policy document – Policy schedule and its various components – Conditions and privileges in a policy document – Duplicate policies.

Importance of a policy document – Format of a policy document – Policy schedule and its various components – Conditions and privileges in a policy document – Duplicate policies.

Premium calculations – Surrender value and non-forfeiture options – Revival of lapsed policies and its types

Premium calculations – Surrender value and non-forfeiture options – Revival of lapsed policies and its types

Assignment of life insurance policies – Conditional assignment – Absolute assignment – Process of Assignment – Nomination – Process of Nomination – Features of Nomination – Assignment Vs Nomination

Assignment of life insurance policies – Conditional assignment – Absolute assignment – Process of Assignment – Nomination – Process of Nomination – Features of Nomination – Assignment Vs Nomination

Different types of policy claims – Survival Benefits – Death Claims – Maturity Claims – Submission of Proof of title at claim processing stage – Early Claims & Non –early claims – Documents required for processing early claims – Death due to un-natural causes or accidents

Different types of policy claims – Survival Benefits – Death Claims – Maturity Claims – Submission of Proof of title at claim processing stage – Early Claims & Non –early claims – Documents required for processing early claims – Death due to un-natural causes or accidents

ntroduction of Indian Insurance Market – Structure, Classification, Salient features of Indian general insurance market – Development of international insurance market – Global

relationship – Types of roles in insurance industry

ntroduction of Indian Insurance Market – Structure, Classification, Salient features of Indian general insurance market – Development of international insurance market – Global

relationship – Types of roles in insurance industry

Introduction of Indian Insurance Market – Structure, Classification, Salient features of Indian general insurance market – Development of international insurance market – Global

relationship – Types of roles in insurance industry

Introduction of Indian Insurance Market – Structure, Classification, Salient features of Indian general insurance market – Development of international insurance market – Global

relationship – Types of roles in insurance industry

Insurance contract & elements – Components of an insurance policy - Interpretation of policies,

Insurance contract & elements – Components of an insurance policy - Interpretation of policies,

Fire & Marine Insurance,Motor , Liability ,Engineering and Other Insurance - Meaning , Perils, Clauses, Covers, and Exclusions

Fire & Marine Insurance,Motor , Liability ,Engineering and Other Insurance - Meaning , Perils, Clauses, Covers, and Exclusions

Concept and process of underwriting - Risk Management – Types of reinsurance – Method of reinsurance - Insurer’s role in risk management – Risk evaluation - Documentation procedure

Concept and process of underwriting - Risk Management – Types of reinsurance – Method of reinsurance - Insurer’s role in risk management – Risk evaluation - Documentation procedure

Premium–Claims trends and factors – Burning cost method – Accuracy and reliability of outstanding claims reserves –

Premium–Claims trends and factors – Burning cost method – Accuracy and reliability of outstanding claims reserves –

Preliminary procedure –Loss minimization – Procedure – Process of claim management – Arbitration - Modes of settlement – Recoveries - Identifying claim

Preliminary procedure –Loss minimization – Procedure – Process of claim management – Arbitration - Modes of settlement – Recoveries - Identifying claim

Types of reserves ,Reserving process of insurance companies – Investment theories

Types of reserves ,Reserving process of insurance companies – Investment theories

• IC 02 - PRACTICE OF LIFE INSURANCE ;(Revised Edition: 2016), Insurance Institute of India, Mumbai

• IC 11 - PRACTICE OF GENERAL INSURANCE; (Revised Edition: 2016), Insurance Institute of India, Mumbai 

• Davis W. Gregg, Life and health insurance handbook

• John Magee & David Bicklhaupt, General Insurance

• R.D.Samarth, Operational Transformation of General Insurance Industry during the period 1950 to 1990 &Beyond

• Arun Agarwal / P R Rao, Study on Distribution Functions in General Insurance & Role of Intermediaries

• Martin Frappoli, General Insurance for Information Technology Professionals

Course Description

This course will help the students to expand their understanding in applying core financial management concepts and techniques for strategic decision making. It covers basic concepts of finance, risk analysis, investment decision analysis, strategic aspects to - cost management, mergers, acquisitions and corporate restructuring; ethical considerations and the concept, need and implication of corporate governance.

Level of Knowledge: Conceptual

Meaning of SFM - Reasons for managing business financially - 9-s model for SFM - Financial goals and strategy- Value Chain analysis- Cost Benefit analysis- Strategic Business Units-Strategic Planning process- Life –Cycle costing- Activity Based costing - 

Level of Knowledge: Conceptual

Meaning of SFM - Reasons for managing business financially - 9-s model for SFM - Financial goals and strategy- Value Chain analysis- Cost Benefit analysis- Strategic Business Units-Strategic Planning process- Life –Cycle costing- Activity Based costing - 

Level of Knowledge: Analytical

Types of risk - Financial risk- market risk and credit risk, foreign exchange risk, interest rate risk, counterparty risk, systemic risk- operational risk, Strategic risk, Risk and return analysis (practical problems involving expected return and risk)- Difficulties in measurement of risk, Risk classification system-COSO

Level of Knowledge: Analytical

Types of risk - Financial risk- market risk and credit risk, foreign exchange risk, interest rate risk, counterparty risk, systemic risk- operational risk, Strategic risk, Risk and return analysis (practical problems involving expected return and risk)- Difficulties in measurement of risk, Risk classification system-COSO

Level of knowledge: Analytical

Long- term Investment decisions- Types of long term investment decisions- Phases in long term investment decisions- Different analyses for evaluating an investment proposal- Estimation of project cash flow- Initial cash flow, Sunk cost, Terminal cash flow (problems on estimation of cash flow) – Relevant cost analysis (concept)

Level of knowledge: Analytical

Long- term Investment decisions- Types of long term investment decisions- Phases in long term investment decisions- Different analyses for evaluating an investment proposal- Estimation of project cash flow- Initial cash flow, Sunk cost, Terminal cash flow (problems on estimation of cash flow) – Relevant cost analysis (concept)

Level of Knowledge – Conceptual & Working

Capital budgeting decisions Capital budgeting decisions under uncertainty and risky situations-Concept of probability & expected value Certainty Equivalent approach, Simulation and Decision tree analysis, Sensitivity analysis, Replacement decisions, Effect of inflation on CB decisions (case study).

Level of Knowledge – Conceptual & Working

Capital budgeting decisions Capital budgeting decisions under uncertainty and risky situations-Concept of probability & expected value Certainty Equivalent approach, Simulation and Decision tree analysis, Sensitivity analysis, Replacement decisions, Effect of inflation on CB decisions (case study).

Level of Knowledge – Conceptual & Working

Need for financial restructuring - Restructuring through privatization-Restructuring of sick companies - Mergers and amalgamations – Calculation of purchase consideration- Share exchange ratio- Evaluation of M&A decisions (problems)- legal procedure for merger – benefits and cost of merger; Corporate and distress restructuring – Demergers- Leverage buyout-share repurchases-Spin off-Divestiture.

Level of Knowledge – Conceptual & Working

Need for financial restructuring - Restructuring through privatization-Restructuring of sick companies - Mergers and amalgamations – Calculation of purchase consideration- Share exchange ratio- Evaluation of M&A decisions (problems)- legal procedure for merger – benefits and cost of merger; Corporate and distress restructuring – Demergers- Leverage buyout-share repurchases-Spin off-Divestiture.

Level of Knowledge- Conceptual and Analytical

Ethical Dilemma faced by Financial Managers - Need for corporate social responsibility – Key stakeholders - Corporate governance - Principles - Audit Committee- Role of BOD- Good CG practices (case study)- Role of ESG in investment decisions-ways to effectively measure ESG compliance. Reasons for valuation of business enterprise - Different Approaches to corporate valuation – Discounted Cash Flow valuation- FCFF, NOPLAT, FCFE, EVA- Traditional techniques of evaluating value- ROI, EBIT, EBIDTA, ROCE, RONA- New approaches to shareholder valuation—Brief Introduction to Financial Modelling.

Level of Knowledge- Conceptual and Analytical

Ethical Dilemma faced by Financial Managers - Need for corporate social responsibility – Key stakeholders - Corporate governance - Principles - Audit Committee- Role of BOD- Good CG practices (case study)- Role of ESG in investment decisions-ways to effectively measure ESG compliance. Reasons for valuation of business enterprise - Different Approaches to corporate valuation – Discounted Cash Flow valuation- FCFF, NOPLAT, FCFE, EVA- Traditional techniques of evaluating value- ROI, EBIT, EBIDTA, ROCE, RONA- New approaches to shareholder valuation—Brief Introduction to Financial Modelling.

Course Description

The course is framed to create an appreciation of the importance of the Regulatory Environment necessary for the orderly and smooth functioning of the Insurance Business in India. The course provides an overview of Functions of IRDA, Licensing, Financial Regulatory aspects of Solvency margin and Investments. This course prepares students to learn complex rules and regulations of insurance in a simple manner.

Development and growth of Life and Non-life Insurance industry in India – Nationalization of insurance Industry –Insurance association and Life and General Councils – GIBNA.

Development and growth of Life and Non-life Insurance industry in India – Nationalization of insurance Industry –Insurance association and Life and General Councils – GIBNA.

Mission and Composition of IRDA –Duties and powers and Functions of IRDA –Regulations issued –Motor Vehicle Act 1988 – Salient features – No Fault liability – Hit and Run Accidents – Marine Insurance Act – The Bill of Lading Act – Indian Railways Act – Carriage of Goods by Sea act and various other acts – Workmen’s compensation Act – Employee State Insurance Act – Public Liability act – General and Life Insurance Councils – Formation, duration and dissolution of Executive committee – Functions and Powers of the executive committee.

Mission and Composition of IRDA –Duties and powers and Functions of IRDA –Regulations issued –Motor Vehicle Act 1988 – Salient features – No Fault liability – Hit and Run Accidents – Marine Insurance Act – The Bill of Lading Act – Indian Railways Act – Carriage of Goods by Sea act and various other acts – Workmen’s compensation Act – Employee State Insurance Act – Public Liability act – General and Life Insurance Councils – Formation, duration and dissolution of Executive committee – Functions and Powers of the executive committee.

Licensing functions of IRDA-Code of Conduct, Qualifications, functions, Validity  and Renewal of license applicable to Brokers, Agents and Corporate Agents – Regulations for Third Party Administrators(TPA) –procedure for obtaining a license – revocation and cancellation – code of conduct and maintaining confidentiality by TPA – Procedure for Registration of Insurance companies – General and Capital Requirements – renewal and suspension of Registration – cancellation and revival of registration – Regulations for Registration of Life and General reinsurance – Code of Conduct and Categorization of Surveyors – licensing procedures – Duties and Responsibilities and practical training – Practical Training – Inspection

Licensing functions of IRDA-Code of Conduct, Qualifications, functions, Validity  and Renewal of license applicable to Brokers, Agents and Corporate Agents – Regulations for Third Party Administrators(TPA) –procedure for obtaining a license – revocation and cancellation – code of conduct and maintaining confidentiality by TPA – Procedure for Registration of Insurance companies – General and Capital Requirements – renewal and suspension of Registration – cancellation and revival of registration – Regulations for Registration of Life and General reinsurance – Code of Conduct and Categorization of Surveyors – licensing procedures – Duties and Responsibilities and practical training – Practical Training – Inspection

IRDA regulations on Obligation of Insurers for rural and Social sector – Classification of Rural – Obligations for Rural and social sector before and Sixth financial Plan onwards – Micro Insurance –concept and origin – Govt.  recommendations on Micro Insurance – Conditions for Micro Insurance  Agents – Life  and Non-life Micro Insurers Product parameters – Regulation and working of ULIPs – IRDA guidelines – regulatory environment of ULIPs – Anti Money laundering – Concept and reasons – Stages and methods  of Money laundering – Legislations  and RBI guidelines – Know Your Customer process – Product  and customer profile – Manner  and Method of receipt of Premium – compliance of Sec 64 VB and relaxations – Memorandum of exchange Control regulations relating to Life and  General Insurance premiums and claims for Residents and Non-residents– Sharing Data base Regulations– Approval and restriction on business of referral company – Obligations of Referral and Insurer’s – IRDA regulations on Advertisements – Compliance  and control – Statutory warnings.

IRDA regulations on Obligation of Insurers for rural and Social sector – Classification of Rural – Obligations for Rural and social sector before and Sixth financial Plan onwards – Micro Insurance –concept and origin – Govt.  recommendations on Micro Insurance – Conditions for Micro Insurance  Agents – Life  and Non-life Micro Insurers Product parameters – Regulation and working of ULIPs – IRDA guidelines – regulatory environment of ULIPs – Anti Money laundering – Concept and reasons – Stages and methods  of Money laundering – Legislations  and RBI guidelines – Know Your Customer process – Product  and customer profile – Manner  and Method of receipt of Premium – compliance of Sec 64 VB and relaxations – Memorandum of exchange Control regulations relating to Life and  General Insurance premiums and claims for Residents and Non-residents– Sharing Data base Regulations– Approval and restriction on business of referral company – Obligations of Referral and Insurer’s – IRDA regulations on Advertisements – Compliance  and control – Statutory warnings.

Assignment and Transfer of policies – Recommendations of Law commission – Nomination by Policy Holder – Prohibition of Rebates – Repudiation clause – Recommendations of Law clause – Provisions of sec 64 VB – Exemptions toSec64 VB – Provisions for Nomination of policies – Recommendations of law commission – Provision for prohibition of rebates – Repudiation Clause.

Assignment and Transfer of policies – Recommendations of Law commission – Nomination by Policy Holder – Prohibition of Rebates – Repudiation clause – Recommendations of Law clause – Provisions of sec 64 VB – Exemptions toSec64 VB – Provisions for Nomination of policies – Recommendations of law commission – Provision for prohibition of rebates – Repudiation Clause.

Stages of Insurance Policy – Pre and Post stage of Insurance Cycle – Free look period –its objective – Matters to be stated in a Life and General Insurance Policy – Grievance Redressal – Complaint handling –Policy Holders Servicing Procedures – Claim procedures for Life and General Insurance Policies – Format of Key Feature documents.

Stages of Insurance Policy – Pre and Post stage of Insurance Cycle – Free look period –its objective – Matters to be stated in a Life and General Insurance Policy – Grievance Redressal – Complaint handling –Policy Holders Servicing Procedures – Claim procedures for Life and General Insurance Policies – Format of Key Feature documents.

Consumer protection Act – Feature and Structure – Appeals and penalties – Ombudsman –Nature of complaints – Pre requisite for filing Complaints – Suggested amendments by law commission – Jurisdiction.

Consumer protection Act – Feature and Structure – Appeals and penalties – Ombudsman –Nature of complaints – Pre requisite for filing Complaints – Suggested amendments by law commission – Jurisdiction.

Reserves maintained by Insurance companies – Management of reserves – Stakeholders – Types of Technical Reserves – Reserving Process followed by Insurance Companies – Premium Investment strategies –Indian regulations – Insurance Accounting.

Reserves maintained by Insurance companies – Management of reserves – Stakeholders – Types of Technical Reserves – Reserving Process followed by Insurance Companies – Premium Investment strategies –Indian regulations – Insurance Accounting.

Purpose and area of focus of regulations – Regulatory systems of other countries.

Purpose and area of focus of regulations – Regulatory systems of other countries.

Students are evaluated for each paper on the basis of written examination and continuous internal assessment (CIA). Each paper carries maximum of 100 marks and is evaluated as follows:

One key element of the BCom (Honours) programme is Internship. To help the students to face the challenges in this rapidly changing world, internship training is crucial. The purpose of the Internship is to provide students with an authentic learning environment for an integrated and holistic education.   The work carried out by the student in the internship should be relevant to the areas of accounting/Finance/investment/ banking /insurance/ auditing & taxation.

• Profile of the organization.
• Mission, objectives & strategies of the organization.
• Organization design & structure
• Policies & procedures followed.
• Products, competitors.
• SWOT analysis of the organization.
• Key result areas of the organization.
• Sales development.
• System of accounting followed.
• Significant factors for success.
• Performance appraisal system.
• Financial highlights.
• Future plans for growth of the organization.
• Sustainability.
• Students should interact with the faculty mentor & report the progress made.
• The Internship report has to be submitted latest by July 1st which will be evaluated.

• Profile of the organization.
• Mission, objectives & strategies of the organization.
• Organization design & structure
• Policies & procedures followed.
• Products, competitors.
• SWOT analysis of the organization.
• Key result areas of the organization.
• Sales development.
• System of accounting followed.
• Significant factors for success.
• Performance appraisal system.
• Financial highlights.
• Future plans for growth of the organization.
• Sustainability.
• Students should interact with the faculty mentor & report the progress made.
• The Internship report has to be submitted latest by July 1st which will be evaluated.

Duration: 6 weeks

Marks 50 (presentation and project evaluation); Credits: 02 

1. Each student should undertake an internship study of the organization for a period of six weeks during April & May.
2. This study will help the student to have a clear knowledge of what an organization is & the major factors that lead to structuring of the organization & how good an organization structure will enable in achieving the objectives effectively & efficiently. The study will also reinforce the theoretical knowledge acquired in terms of applications.
3. Students must secure internship only in the area of his/her specialization ie Accounting / Finance / Investment / Banking / Insurance /Auditing & Taxation.
4. Student must seek the approval of the faculty guide prior to confirming the selection of the company where he/she wishes to intern with.
5. The work profile of the intern should be such that it adds value to the respective professions that he/she wishes to pursue after the Bachelor of Commerce (Hons) programme.
6. Work profile such as such as that of front office -reception, door to door sales promotion, re-recording or typing (pure data entry), review of reports, mere observation and the likes of same are not considered as valid internships. 
7. Faculty mentor will be assigned for each student by the department.
8. The study should cover the following topics:

●        Profile of the organization.

●        Mission, objectives & strategies of the organization.

●        Organization design & structure

●        Policies & procedures followed.

●        Products, competitors.

●        SWOT analysis of the organization.

●        Key result areas of the organization.

●        Sales development.

●        System of accounting followed.

●        Significant factors for success.

●        Performance appraisal system.

●        Financial highlights.

●        Future plans for growth of the organization.

●        Sustainability.

9. Students should interact with the faculty mentor & report the progress made.
10. The Internship report has to be submitted to the department as per the specfied date to the department which will be evaluated.

Course Description:

Information has been the crux for business success. The advancement in computing and information technology has created the opportunity for businesses to store, organize and analyze vast amounts of their customer data for decision making. This course introduces concepts of database analytics, methods and tools with concrete examples from industry applications. Students will learn the fundamentals & advancement of data analytics driven strategies in creating an edge in today’s competitive business environment.

Concept of analytics, Types of Analytics and purpose: Descriptive, Predictive and Prescriptive, Business Analytics maturity curve, Application fields - Marketing Analytics, Finance Analytics, HR Analytics, Operation Analytics, Emerging concepts in analytics – machine learning, neural network, affective computing, block chain, Data Mart, Data Lake.

Concept of analytics, Types of Analytics and purpose: Descriptive, Predictive and Prescriptive, Business Analytics maturity curve, Application fields - Marketing Analytics, Finance Analytics, HR Analytics, Operation Analytics, Emerging concepts in analytics – machine learning, neural network, affective computing, block chain, Data Mart, Data Lake.

Concept of analytics, Types of Analytics and purpose: Descriptive, Predictive and Prescriptive, Business Analytics maturity curve, Application fields - Marketing Analytics, Finance Analytics, HR Analytics, Operation Analytics, Emerging concepts in analytics – machine learning, neural network, affective computing, block chain, Data Mart, Data Lake.

Data, Vector, Data frame, Types of Data Sources- Structured Vs Semi structured Vs Unstructured data, Data Warehouse Vs Databases, Relational vs Non-Relational Database, RDBMS Data structures, Columnar Data structures, Data issues, Data Mining meaning, Association Rules

Data, Vector, Data frame, Types of Data Sources- Structured Vs Semi structured Vs Unstructured data, Data Warehouse Vs Databases, Relational vs Non-Relational Database, RDBMS Data structures, Columnar Data structures, Data issues, Data Mining meaning, Association Rules

Data, Vector, Data frame, Types of Data Sources- Structured Vs Semi structured Vs Unstructured data, Data Warehouse Vs Databases, Relational vs Non-Relational Database, RDBMS Data structures, Columnar Data structures, Data issues, Data Mining meaning, Association Rules

Introduction to Analytics Methodology, Cross Industry standard process for Data Mining, preparing objectives & identifying data requirements, Data Collection, Understanding data, Data preparation –Data Blending – concatenate, Joiner, Filters (Column and Row), Aggregation,  Group-by,  Rule  Engine,  pivot.              Types of data, Levels of measurement, Categorical Vs Numerical variables, measures of central tendency, skewness, variance, standard deviation, covariance.

Introduction to Analytics Methodology, Cross Industry standard process for Data Mining, preparing objectives & identifying data requirements, Data Collection, Understanding data, Data preparation –Data Blending – concatenate, Joiner, Filters (Column and Row), Aggregation,  Group-by,  Rule  Engine,  pivot.              Types of data, Levels of measurement, Categorical Vs Numerical variables, measures of central tendency, skewness, variance, standard deviation, covariance.

Introduction to Analytics Methodology, Cross Industry standard process for Data Mining, preparing objectives & identifying data requirements, Data Collection, Understanding data, Data preparation –Data Blending – concatenate, Joiner, Filters (Column and Row), Aggregation,  Group-by,  Rule  Engine,  pivot.              Types of data, Levels of measurement, Categorical Vs Numerical variables, measures of central tendency, skewness, variance, standard deviation, covariance.

Trend Analysis, Seasonality and cyclical behaviour, Moving Average, Exponential smoothing methods – Single exponential, double exponential, HOLT-WINTERS, ARIMA, Multiple linear regression-based forecasting, financial modelling

Trend Analysis, Seasonality and cyclical behaviour, Moving Average, Exponential smoothing methods – Single exponential, double exponential, HOLT-WINTERS, ARIMA, Multiple linear regression-based forecasting, financial modelling

Trend Analysis, Seasonality and cyclical behaviour, Moving Average, Exponential smoothing methods – Single exponential, double exponential, HOLT-WINTERS, ARIMA, Multiple linear regression-based forecasting, financial modelling

Correlation, Simple linear regression: coefficient of determination, significance tests, residual analysis, confidence and prediction intervals. Multiple linear regression: coefficient of multiple coefficient of determination, interpretation of regression coefficients, categorical variables, heteroscedasticity, multi-collinearity, outliers, autoregression and transformation of variables, Clustering, Decision trees, Random forests.

Correlation, Simple linear regression: coefficient of determination, significance tests, residual analysis, confidence and prediction intervals. Multiple linear regression: coefficient of multiple coefficient of determination, interpretation of regression coefficients, categorical variables, heteroscedasticity, multi-collinearity, outliers, autoregression and transformation of variables, Clustering, Decision trees, Random forests.

Correlation, Simple linear regression: coefficient of determination, significance tests, residual analysis, confidence and prediction intervals. Multiple linear regression: coefficient of multiple coefficient of determination, interpretation of regression coefficients, categorical variables, heteroscedasticity, multi-collinearity, outliers, autoregression and transformation of variables, Clustering, Decision trees, Random forests.

Graphs, Charts, Histograms, scatter plot, Maps, dashboard creation.

Graphs, Charts, Histograms, scatter plot, Maps, dashboard creation.

Graphs, Charts, Histograms, scatter plot, Maps, dashboard creation.

• Microsoft Office 2007 Business Intelligence - Reporting, Analysis, and Measurement from the Desktop, Doug Harts, TATA McGraw-Hill Edition, 2008
• Data Mining for Business Intelligence: Concepts, Techniques, and Applications in Microsoft Office Excel with XLMiner, GalitShmueli, Nitin R. Patel, Peter C. Bruce, Wiley Publication, 2010
• The New Science of Retailing: How Analytics are Transforming the Supply Chain and Improving Performance, Ananth Raman, Marshall Fisher, HBR Book Press, 2010
• Data Mining: Concepts and Techniques”, Morgan Kaufmann Publication, 3rd Edition, 2011.
• Decision Support and Business Intelligence Systems, Turban, E., Aronson, JE., Liang, T. Sharda R, Prentice Hall Publisher, 10th Edition, 2011
• Data Science for Business – What you need to know about data mining and data-analytic thinking, Foster Provost, Tom Fawcelt, O’ Reilly Media Publication, 2013

Course Description:

This paper enables the students to have a deep understanding of the theoretical framework of Accounting and helps the students to have an in-depth knowledge of Accounting Standards to be followed while disclosing the books of accounts. It also familiarizes the students with the standards and procedures to be followed while valuing the various items of the Balance sheet. As a prerequisite, students should have a thorough understanding of various accounting concepts.

Course Objectives:

To make student understand the accounting for various inventory methods, revenue recognition process, valuation of Investments methods, valuation of Intangibles, segment reporting, asset impairment, interim financial reporting, foreign exchange transactions, valuation of property, plant, and equipment,

To make student understand tabulate the basic differences between the Accounting Standards (AS) the old version and latest Ind AS.

To make student prepare accounting records and financial statements from source documents in accordance with Generally Accepted Accounting Principles.

To make student apply extensive knowledge of accounting standards in solving complex accounting problems.

Level of Knowledge: Basic and Conceptual

Materiality concept, Money measurement concept, Cost concept, Conservatism, Accrual Vs Cash and Periodicity concept found relevant to be concept, Consistency concept, Business Entity concept, going concern concept, Duality or Accounting equivalence concept, Realization concept, Matching concept, Full disclosure. Accounting principles, Selection of accounting principles, Measurement in accounting, Measurement Constraints in accounting, accounting principles vs. Accounting policies

Level of Knowledge: Basic and Conceptual

Materiality concept, Money measurement concept, Cost concept, Conservatism, Accrual Vs Cash and Periodicity concept found relevant to be concept, Consistency concept, Business Entity concept, going concern concept, Duality or Accounting equivalence concept, Realization concept, Matching concept, Full disclosure. Accounting principles, Selection of accounting principles, Measurement in accounting, Measurement Constraints in accounting, accounting principles vs. Accounting policies

Level of Knowledge: Basic and Conceptual

Materiality concept, Money measurement concept, Cost concept, Conservatism, Accrual Vs Cash and Periodicity concept found relevant to be concept, Consistency concept, Business Entity concept, going concern concept, Duality or Accounting equivalence concept, Realization concept, Matching concept, Full disclosure. Accounting principles, Selection of accounting principles, Measurement in accounting, Measurement Constraints in accounting, accounting principles vs. Accounting policies

Standards by the ICAI, Scope of Accounting Standards: - Level-I Enterprises, Level- II Enterprises and Level- III Enterprises. Accounting Standards as per Companies Act 2013 and Income Tax Act 1961 to be included. NACAS and its role under Companies Act, 2013. IFRS, International Accounting Standards, IND AS and GAAP.

Disclosure of Accounting Policies AS -1

Scope, Need, Various areas where disclosure is mandatory, Change in Accounting Policies. Comparison of AS-1 with IND AS-1.

Valuation of Inventories AS -2

Objective, Definition, Measurement of Inventory – Cost inventories, Exclusion from the cost of inventories, Valuation of inventory – Specific identification method, First- in First- out method, Weighted Average cost, Standard cost, Retail inventory method, Net realizable value, Valuation of containers and empties, Disclosure in the financial statement, Corporate Accounting practices (Problems). Comparison of AS-2 with IND AS-2.

Standards by the ICAI, Scope of Accounting Standards: - Level-I Enterprises, Level- II Enterprises and Level- III Enterprises. Accounting Standards as per Companies Act 2013 and Income Tax Act 1961 to be included. NACAS and its role under Companies Act, 2013. IFRS, International Accounting Standards, IND AS and GAAP.

Disclosure of Accounting Policies AS -1

Scope, Need, Various areas where disclosure is mandatory, Change in Accounting Policies. Comparison of AS-1 with IND AS-1.

Valuation of Inventories AS -2

Objective, Definition, Measurement of Inventory – Cost inventories, Exclusion from the cost of inventories, Valuation of inventory – Specific identification method, First- in First- out method, Weighted Average cost, Standard cost, Retail inventory method, Net realizable value, Valuation of containers and empties, Disclosure in the financial statement, Corporate Accounting practices (Problems). Comparison of AS-2 with IND AS-2.

Standards by the ICAI, Scope of Accounting Standards: - Level-I Enterprises, Level- II Enterprises and Level- III Enterprises. Accounting Standards as per Companies Act 2013 and Income Tax Act 1961 to be included. NACAS and its role under Companies Act, 2013. IFRS, International Accounting Standards, IND AS and GAAP.

Disclosure of Accounting Policies AS -1

Scope, Need, Various areas where disclosure is mandatory, Change in Accounting Policies. Comparison of AS-1 with IND AS-1.

Valuation of Inventories AS -2

Objective, Definition, Measurement of Inventory – Cost inventories, Exclusion from the cost of inventories, Valuation of inventory – Specific identification method, First- in First- out method, Weighted Average cost, Standard cost, Retail inventory method, Net realizable value, Valuation of containers and empties, Disclosure in the financial statement, Corporate Accounting practices (Problems). Comparison of AS-2 with IND AS-2.

(Hours: 15)

Revenue Recognition AS -9

Revenue definition- Exclusions- Revenue from sale of goods, Revenue from rendering services, Revenue from use of resources by others-Disclosure Requirements-Timing of revenue recognition. Comparison of AS-9 with IND AS-18.

Property, Plant and Equipment AS -10

Definition, Objective, Recognition of assets Initial measurement, Subsequent costs, Measurement subsequent initial recognition, Revaluations, Increase /Decrease due to revaluation, Depreciation as per Schedule II of the Companies act,2013 and Guidance note, Impairment, Compensation for impairment, De-recognition: Accounting Treatment, Disclosure; Corporate practices, (Problems). Comparison of AS-10 with IND AS-16.

Effects of changes in Foreign Exchange Rates AS- 11

Need and objective, Scope and applicability, foreign currency transactions, Definitions, Classification for accounting treatment - Category- I-Foreign currency transactions; Category- II-Foreign operations; Category- III-Forward exchange contracts. Comparison of AS-11 with IND AS-21.

(Hours: 15)

Revenue Recognition AS -9

Revenue definition- Exclusions- Revenue from sale of goods, Revenue from rendering services, Revenue from use of resources by others-Disclosure Requirements-Timing of revenue recognition. Comparison of AS-9 with IND AS-18.

Property, Plant and Equipment AS -10

Definition, Objective, Recognition of assets Initial measurement, Subsequent costs, Measurement subsequent initial recognition, Revaluations, Increase /Decrease due to revaluation, Depreciation as per Schedule II of the Companies act,2013 and Guidance note, Impairment, Compensation for impairment, De-recognition: Accounting Treatment, Disclosure; Corporate practices, (Problems). Comparison of AS-10 with IND AS-16.

Effects of changes in Foreign Exchange Rates AS- 11

Need and objective, Scope and applicability, foreign currency transactions, Definitions, Classification for accounting treatment - Category- I-Foreign currency transactions; Category- II-Foreign operations; Category- III-Forward exchange contracts. Comparison of AS-11 with IND AS-21.

(Hours: 15)

Revenue Recognition AS -9

Revenue definition- Exclusions- Revenue from sale of goods, Revenue from rendering services, Revenue from use of resources by others-Disclosure Requirements-Timing of revenue recognition. Comparison of AS-9 with IND AS-18.

Property, Plant and Equipment AS -10

Definition, Objective, Recognition of assets Initial measurement, Subsequent costs, Measurement subsequent initial recognition, Revaluations, Increase /Decrease due to revaluation, Depreciation as per Schedule II of the Companies act,2013 and Guidance note, Impairment, Compensation for impairment, De-recognition: Accounting Treatment, Disclosure; Corporate practices, (Problems). Comparison of AS-10 with IND AS-16.

Effects of changes in Foreign Exchange Rates AS- 11

Need and objective, Scope and applicability, foreign currency transactions, Definitions, Classification for accounting treatment - Category- I-Foreign currency transactions; Category- II-Foreign operations; Category- III-Forward exchange contracts. Comparison of AS-11 with IND AS-21.

Accounting for Investments AS-13

Investment defined, Exception, Classification of investment, Cost of investments and Valuation of investments. Disposal of investments, Re-classification of investment, Disclosure of investment in the financial statements, (Problems). Comparison of AS- 13 with IND AS-32, AS-107 & AS-109.

Borrowing cost AS- 16

Meaning and coverage, Qualifying asset, Recognition of borrowing cost, Eligible items for borrowing cost, Specific borrowing, General borrowing, Capitalization ceiling, Commencement of capitalization, Conditions for capitalization, Suspension of capitalization, Cessation of

Capitalization, (Problems). Comparison of AS-16 with IND AS-23.

Segment reporting AS- 17

Meaning, Objective, Need for segment reporting. Types: Business segment, Geographical segment, Segment revenue, Segment expenses, Segment result, Segment assets, Segment liabilities, Primary and secondary segments. Corporate practices. Comparison of AS-17 with IND AS-108.

Accounting for Investments AS-13

Investment defined, Exception, Classification of investment, Cost of investments and Valuation of investments. Disposal of investments, Re-classification of investment, Disclosure of investment in the financial statements, (Problems). Comparison of AS- 13 with IND AS-32, AS-107 & AS-109.

Borrowing cost AS- 16

Meaning and coverage, Qualifying asset, Recognition of borrowing cost, Eligible items for borrowing cost, Specific borrowing, General borrowing, Capitalization ceiling, Commencement of capitalization, Conditions for capitalization, Suspension of capitalization, Cessation of

Capitalization, (Problems). Comparison of AS-16 with IND AS-23.

Segment reporting AS- 17

Meaning, Objective, Need for segment reporting. Types: Business segment, Geographical segment, Segment revenue, Segment expenses, Segment result, Segment assets, Segment liabilities, Primary and secondary segments. Corporate practices. Comparison of AS-17 with IND AS-108.

Accounting for Investments AS-13

Investment defined, Exception, Classification of investment, Cost of investments and Valuation of investments. Disposal of investments, Re-classification of investment, Disclosure of investment in the financial statements, (Problems). Comparison of AS- 13 with IND AS-32, AS-107 & AS-109.

Borrowing cost AS- 16

Meaning and coverage, Qualifying asset, Recognition of borrowing cost, Eligible items for borrowing cost, Specific borrowing, General borrowing, Capitalization ceiling, Commencement of capitalization, Conditions for capitalization, Suspension of capitalization, Cessation of

Capitalization, (Problems). Comparison of AS-16 with IND AS-23.

Segment reporting AS- 17

Meaning, Objective, Need for segment reporting. Types: Business segment, Geographical segment, Segment revenue, Segment expenses, Segment result, Segment assets, Segment liabilities, Primary and secondary segments. Corporate practices. Comparison of AS-17 with IND AS-108.

Interim Financial Reporting AS- 25

Meaning, financial statements, Need, Principles of recognition and measurements, Form and contents of interim financial statements, Disclosure requirements. Comparison of AS-25 with IND AS-34.

Intangible Assets AS- 26

Asset- Meaning, Types – Intangible assets- Meaning, Unidentifiable, Acquired identifiable, Internally generated identifiable intangible asset, Characteristics, Cost of intangible assets, Research and development, Accounting treatment of research and development cost, Determination of cost of internally generated brands, Amortization of intangibles – Different methods, Retirement and disposal, Disclosure of corporate practices. Comparison of AS-26 with IND AS-38.

Interim Financial Reporting AS- 25

Meaning, financial statements, Need, Principles of recognition and measurements, Form and contents of interim financial statements, Disclosure requirements. Comparison of AS-25 with IND AS-34.

Intangible Assets AS- 26

Asset- Meaning, Types – Intangible assets- Meaning, Unidentifiable, Acquired identifiable, Internally generated identifiable intangible asset, Characteristics, Cost of intangible assets, Research and development, Accounting treatment of research and development cost, Determination of cost of internally generated brands, Amortization of intangibles – Different methods, Retirement and disposal, Disclosure of corporate practices. Comparison of AS-26 with IND AS-38.

Interim Financial Reporting AS- 25

Meaning, financial statements, Need, Principles of recognition and measurements, Form and contents of interim financial statements, Disclosure requirements. Comparison of AS-25 with IND AS-34.

Intangible Assets AS- 26

Asset- Meaning, Types – Intangible assets- Meaning, Unidentifiable, Acquired identifiable, Internally generated identifiable intangible asset, Characteristics, Cost of intangible assets, Research and development, Accounting treatment of research and development cost, Determination of cost of internally generated brands, Amortization of intangibles – Different methods, Retirement and disposal, Disclosure of corporate practices. Comparison of AS-26 with IND AS-38.

M.P, Vijay Kumar. (2022). First Lessons on Accounting Standards. Mumbai: Snow White Publications Pvt.

Course Description:

Every Assessee whose income crosses the taxable limit has to compulsorily pay taxes. Knowledge about returns and the procedure of Assessment helps every Assessee to comply with tax provisions. This course on Taxation Law-II is offered as a core paper in the sixth semester. It provides advanced knowledge on tax provisions prevailing and knowledge on the assessment of income of individuals and Companies. The course also includes “The goods and Services Act”, which came into force with effect from 1 July 2017 under the principle of One Nation, One Tax and One Market. It provides an overview of structure of GST Act, procedure for registration, the procedure to claim ITC, reverse charge mechanism, payment of GST.

Level of Knowledge: Basic and Conceptual

Basic concepts: meaning of tax planning, tax avoidance and tax evasion. Requisites of good tax planning, factors and types of tax planning, benefits of tax planning. Tax planning based on-residential status, nature of business, form of business organization, tax planning and managerial decisions-capital structure decisions, own or lease an asset.

Level of Knowledge: Basic and Conceptual

Basic concepts: meaning of tax planning, tax avoidance and tax evasion. Requisites of good tax planning, factors and types of tax planning, benefits of tax planning. Tax planning based on-residential status, nature of business, form of business organization, tax planning and managerial decisions-capital structure decisions, own or lease an asset.

Level of Knowledge: Basic and Conceptual

Basic concepts: meaning of tax planning, tax avoidance and tax evasion. Requisites of good tax planning, factors and types of tax planning, benefits of tax planning. Tax planning based on-residential status, nature of business, form of business organization, tax planning and managerial decisions-capital structure decisions, own or lease an asset.

Level of Knowledge: Conceptual and Analytical

Meaning and types (belated, revised and defective), Due dates for filing return, Authorized signatories, Consequence of non-filling Assessment- types- Self assessment, Summary assessment, Regular assessment, Best judgment assessment, Income escaping assessment.

Level of Knowledge: Conceptual and Analytical

Meaning and types (belated, revised and defective), Due dates for filing return, Authorized signatories, Consequence of non-filling Assessment- types- Self assessment, Summary assessment, Regular assessment, Best judgment assessment, Income escaping assessment.

Level of Knowledge: Conceptual and Analytical

Meaning and types (belated, revised and defective), Due dates for filing return, Authorized signatories, Consequence of non-filling Assessment- types- Self assessment, Summary assessment, Regular assessment, Best judgment assessment, Income escaping assessment.

Level of Knowledge: Analytical

Meaning of, Indian company , domestic and foreign company, residential status, Minimum Alternate tax, Computation of book profits u/s 115JB, corporate dividend tax, Computation of total income , corporate tax rates and tax liability of company.

Level of Knowledge: Analytical

Meaning of, Indian company , domestic and foreign company, residential status, Minimum Alternate tax, Computation of book profits u/s 115JB, corporate dividend tax, Computation of total income , corporate tax rates and tax liability of company.

Level of Knowledge: Analytical

Meaning of, Indian company , domestic and foreign company, residential status, Minimum Alternate tax, Computation of book profits u/s 115JB, corporate dividend tax, Computation of total income , corporate tax rates and tax liability of company.

Level of knowledge: analytical objectives and basic scheme of GST, meaning – salient features of GST – subsuming of taxes – benefits of implementing GST – constitutional amendments - structure of GST (dual model) – central GST – state / union territory GST – integrated GST - GST council: structure, powers and functions, provisions for amendments. Definition: supply, aggregate turnover, capital goods, casual taxable person, composite supply, mixed supply, exempt supply, outward supply, zero rated supply, place of supply, goods, input service distributor, job work, manufacture, input tax, input tax credit, place of business, reverse charge, , casual taxable person.

Level of knowledge: analytical objectives and basic scheme of GST, meaning – salient features of GST – subsuming of taxes – benefits of implementing GST – constitutional amendments - structure of GST (dual model) – central GST – state / union territory GST – integrated GST - GST council: structure, powers and functions, provisions for amendments. Definition: supply, aggregate turnover, capital goods, casual taxable person, composite supply, mixed supply, exempt supply, outward supply, zero rated supply, place of supply, goods, input service distributor, job work, manufacture, input tax, input tax credit, place of business, reverse charge, , casual taxable person.

Level of knowledge: analytical objectives and basic scheme of GST, meaning – salient features of GST – subsuming of taxes – benefits of implementing GST – constitutional amendments - structure of GST (dual model) – central GST – state / union territory GST – integrated GST - GST council: structure, powers and functions, provisions for amendments. Definition: supply, aggregate turnover, capital goods, casual taxable person, composite supply, mixed supply, exempt supply, outward supply, zero rated supply, place of supply, goods, input service distributor, job work, manufacture, input tax, input tax credit, place of business, reverse charge, , casual taxable person.

Level of Knowledge: Conceptual and Analytical

Procedure relating to Levy: (CGST & SGST): Registration under GST: procedure for registration, persons liable for registration, persons not liable for registration, compulsory registration, deemed registration, special provisions for casual taxable persons and non- resident taxable persons, Exempted goods and services - Rates of GST. Composition scheme. Scope of supply, Tax liability on Mixed and Composite supply, Time of supply of goods and services, Value of taxable supply, Computation of taxable value and tax liability.

Procedure relating to Levy: (IGST): Inter-state supply, intra-state supply, Zero rates supply, Value of taxable supply – Computation of taxable value and tax liability.

Level of Knowledge: Conceptual and Analytical

Procedure relating to Levy: (CGST & SGST): Registration under GST: procedure for registration, persons liable for registration, persons not liable for registration, compulsory registration, deemed registration, special provisions for casual taxable persons and non- resident taxable persons, Exempted goods and services - Rates of GST. Composition scheme. Scope of supply, Tax liability on Mixed and Composite supply, Time of supply of goods and services, Value of taxable supply, Computation of taxable value and tax liability.

Procedure relating to Levy: (IGST): Inter-state supply, intra-state supply, Zero rates supply, Value of taxable supply – Computation of taxable value and tax liability.

Level of Knowledge: Conceptual and Analytical

Procedure relating to Levy: (CGST & SGST): Registration under GST: procedure for registration, persons liable for registration, persons not liable for registration, compulsory registration, deemed registration, special provisions for casual taxable persons and non- resident taxable persons, Exempted goods and services - Rates of GST. Composition scheme. Scope of supply, Tax liability on Mixed and Composite supply, Time of supply of goods and services, Value of taxable supply, Computation of taxable value and tax liability.

Procedure relating to Levy: (IGST): Inter-state supply, intra-state supply, Zero rates supply, Value of taxable supply – Computation of taxable value and tax liability.

Level of Knowledge: Conceptual

Input tax Credit: Eligibility, Apportionment, Inputs on capital goods, Distribution of credit by Input Service Distributor (ISD) – Transfer of Input tax credit – Simple Problems on utilization of input tax credit. Return Filing: Procedures relating to Filing the monthly/quarterly returns, reconciliation and correction of online returns. Electronic Cash Ledger, Electronic Credit Ledger and provisions of internal set off of CGST/SGST and IGST.

Level of Knowledge: Conceptual

Input tax Credit: Eligibility, Apportionment, Inputs on capital goods, Distribution of credit by Input Service Distributor (ISD) – Transfer of Input tax credit – Simple Problems on utilization of input tax credit. Return Filing: Procedures relating to Filing the monthly/quarterly returns, reconciliation and correction of online returns. Electronic Cash Ledger, Electronic Credit Ledger and provisions of internal set off of CGST/SGST and IGST.

Level of Knowledge: Conceptual

Input tax Credit: Eligibility, Apportionment, Inputs on capital goods, Distribution of credit by Input Service Distributor (ISD) – Transfer of Input tax credit – Simple Problems on utilization of input tax credit. Return Filing: Procedures relating to Filing the monthly/quarterly returns, reconciliation and correction of online returns. Electronic Cash Ledger, Electronic Credit Ledger and provisions of internal set off of CGST/SGST and IGST.

• Gaur, V.B. (2022). Planning and Management of Corporate Taxation. New Delhi: Kalyani Publishers.
• Students guide to Income tax by VK Singhania, Taxmann Publication 23rd Edition,2022
• Income Tax Law & Accounts; Dr. HC Mehrotra and Dr. S.P Goyal
• Taxmann’s Direct Taxes law & practice with special reference to Tax Planning; Dr. Vinod K. Singhania & Dr. Kapil Singhania

Course Description

This course seeks to provide an understanding of finance in an international setting. This course will explore the characteristics of international finance and evaluate the associated risks and benefits involved in operating globally. The course will emphasize on international currency issues when operating across national boundaries and the recent developments in international financing. The course aims at developing effective strategies for international financing and investment. As a prerequisite, the students should be having basic knowledge about concepts relating to financial management in domestic firms, business organization, basics of accounting and business management.

Level of Knowledge: Basic and Conceptual

Scope- Relevance of IFM- International Financial Management & Domestic Management- Scope of International finance- International business activities & methods-Motivation for international business- INCOTERMS associated with export- import financing - International Sources of Finance for the Firm– India’s FDI & FII position

Level of Knowledge: Basic and Conceptual

Scope- Relevance of IFM- International Financial Management & Domestic Management- Scope of International finance- International business activities & methods-Motivation for international business- INCOTERMS associated with export- import financing - International Sources of Finance for the Firm– India’s FDI & FII position

Level of Knowledge: Basic and Conceptual

Scope- Relevance of IFM- International Financial Management & Domestic Management- Scope of International finance- International business activities & methods-Motivation for international business- INCOTERMS associated with export- import financing - International Sources of Finance for the Firm– India’s FDI & FII position

Level of Knowledge: Basic and Analytical

Meaning- BOP manual- BOP accounting (Debit & Credit)- BOP statement &components- Current account-capital account- Official reserve account- Types and causes of disequilibrium-simple problems on preparation of BOP statement – India’s Balance of Payment Problem – Measures taken by RBI and Government of India

Level of Knowledge: Basic and Analytical

Meaning- BOP manual- BOP accounting (Debit & Credit)- BOP statement &components- Current account-capital account- Official reserve account- Types and causes of disequilibrium-simple problems on preparation of BOP statement – India’s Balance of Payment Problem – Measures taken by RBI and Government of India

Level of Knowledge: Basic and Analytical

Meaning- BOP manual- BOP accounting (Debit & Credit)- BOP statement &components- Current account-capital account- Official reserve account- Types and causes of disequilibrium-simple problems on preparation of BOP statement – India’s Balance of Payment Problem – Measures taken by RBI and Government of India

Level Knowledge: Basic and Conceptual

International monetary system- Gold standard system- Price specie-Gold exchange standard- Bretton Woods & post Bretton woods system- Alternative exchange rate regimes (all types of systems)- IMF & World bank- Objectives & Functions of IMF & World Bank-IMF classification of exchange rate regime- Capital and current account convertibility – OECD – International Trade Agreements -Asian Development Bank – New Development Bank

Level Knowledge: Basic and Conceptual

International monetary system- Gold standard system- Price specie-Gold exchange standard- Bretton Woods & post Bretton woods system- Alternative exchange rate regimes (all types of systems)- IMF & World bank- Objectives & Functions of IMF & World Bank-IMF classification of exchange rate regime- Capital and current account convertibility – OECD – International Trade Agreements -Asian Development Bank – New Development Bank

Level Knowledge: Basic and Conceptual

International monetary system- Gold standard system- Price specie-Gold exchange standard- Bretton Woods & post Bretton woods system- Alternative exchange rate regimes (all types of systems)- IMF & World bank- Objectives & Functions of IMF & World Bank-IMF classification of exchange rate regime- Capital and current account convertibility – OECD – International Trade Agreements -Asian Development Bank – New Development Bank

Level of knowledge: Basic and Conceptual

Foreign exchange market-market participants- Functions of Forex market- Information and communication systems – FEDAI (Foreign Exchange Dealers' Association of India ) -Forex rates - Forex quotations- Cross rates- Problems on conversion of direct to indirect, cross rate calculation, spread & spot forward transactions- Arbitrage- simple problems on two-point arbitrage and three point arbitrage- Nostro, Vostro accounts –Forward and Future spot rates- simple problems- Purchasing Power Parity (simple problems)- Interest Rate Parity - International Fisher effect- (problems ) – Role of Technology in Forex Trading

Level of knowledge: Basic and Conceptual

Foreign exchange market-market participants- Functions of Forex market- Information and communication systems – FEDAI (Foreign Exchange Dealers' Association of India ) -Forex rates - Forex quotations- Cross rates- Problems on conversion of direct to indirect, cross rate calculation, spread & spot forward transactions- Arbitrage- simple problems on two-point arbitrage and three point arbitrage- Nostro, Vostro accounts –Forward and Future spot rates- simple problems- Purchasing Power Parity (simple problems)- Interest Rate Parity - International Fisher effect- (problems ) – Role of Technology in Forex Trading

Level of knowledge: Basic and Conceptual

Foreign exchange market-market participants- Functions of Forex market- Information and communication systems – FEDAI (Foreign Exchange Dealers' Association of India ) -Forex rates - Forex quotations- Cross rates- Problems on conversion of direct to indirect, cross rate calculation, spread & spot forward transactions- Arbitrage- simple problems on two-point arbitrage and three point arbitrage- Nostro, Vostro accounts –Forward and Future spot rates- simple problems- Purchasing Power Parity (simple problems)- Interest Rate Parity - International Fisher effect- (problems ) – Role of Technology in Forex Trading

Level of Knowledge: Basic and Conceptual

International financing decision - External sources of Debt & Equity – Short-term financing – Internal & External sources of short-term financing - Netting (problems on netting and investing excess cash) Management of receivables- Inventory management

Level of Knowledge: Basic and Conceptual

International financing decision - External sources of Debt & Equity – Short-term financing – Internal & External sources of short-term financing - Netting (problems on netting and investing excess cash) Management of receivables- Inventory management

Level of Knowledge: Basic and Conceptual

International financing decision - External sources of Debt & Equity – Short-term financing – Internal & External sources of short-term financing - Netting (problems on netting and investing excess cash) Management of receivables- Inventory management

·         Madura, J. (2020). International financial management, (15^th Edn.) Cengage Learning, USA

·         Apte, P. G., & Kapshe, S. (2020). International Financial Management, (8^th Edn.) McGraw-Hill Education.

• Avadhani, V. (2011). International Financial Management. (2nd ed.). Bangalore: Himalaya Publishing House.
• Apte, P. (2011). International Financial Management. (3rd ed.). New Delhi: The McGraw Hill companies.
• Varghese, S.K. (2000), Foreign Exchange and Financing of Foreign Trade. Vikas Publishing House.
• SubbaRao (2010), International Business. Himalaya Publishing House.
• Vij, M. (2006). International Financial Management. (2nd ed.). New Delhi: Excel Books.

This course provides complete knowledge about the evolution of banking system, the structure of banking system in India and nationalization of banks in India. It deals with the Banking Regulation Act, 1949 which is applicable to Banks in India. The details such as share capital, licensing, amalgamation of banking companies, appointment of whole-time chairman etc. are explained in detail. The course also discusses the concept of the Central bank, its role, functions, and the powers. It further highlights the measures taken by RBI in controlling inflation, economic development, and financial inclusion. Other topics like Banking organizations management of capital funds in Commercial banks, Practical banking innovations and the reforms in banking sector are also dealt with in detail. The course is designed to primarily acquaint the students with operational parameters of banking law and to teach the innovative measures taken by the banks and also the general principles of banking law governing the banking companies.

Indian Banking System – Evolution; RBI and its role; Structure of Banks in India; Commercial Banks; Co-operative Banking System; Agri Finance & its System 

Indian Banking System – Evolution; RBI and its role; Structure of Banks in India; Commercial Banks; Co-operative Banking System; Agri Finance & its System 

Indian Banking System – Evolution; RBI and its role; Structure of Banks in India; Commercial Banks; Co-operative Banking System; Agri Finance & its System 

Development of Central Banks in other Countries, Regulatory Restrictions on Lending, Business of Banking, Constitution of Banks, RBI Act, 1934, Banking Regulation Act, 1949; Government as a Regulator of Banks, Monopoly of note Issue, Monetary and Fiscal policy, methods of credit control, quantitative credit control, qualitative or selective credit control, Regulation by other Authorities (SEBI, Income Tax, IRDAI)

Development of Central Banks in other Countries, Regulatory Restrictions on Lending, Business of Banking, Constitution of Banks, RBI Act, 1934, Banking Regulation Act, 1949; Government as a Regulator of Banks, Monopoly of note Issue, Monetary and Fiscal policy, methods of credit control, quantitative credit control, qualitative or selective credit control, Regulation by other Authorities (SEBI, Income Tax, IRDAI)

Development of Central Banks in other Countries, Regulatory Restrictions on Lending, Business of Banking, Constitution of Banks, RBI Act, 1934, Banking Regulation Act, 1949; Government as a Regulator of Banks, Monopoly of note Issue, Monetary and Fiscal policy, methods of credit control, quantitative credit control, qualitative or selective credit control, Regulation by other Authorities (SEBI, Income Tax, IRDAI)

Licensing of Banking Companies, Branch Licensing, paid up capital and reserves, Shareholding in Banking Companies, Control over Management; Directors and Corporate Governance, Power of RBI to issue directions, Acceptance of deposits, Nomination, Loans and Advances, Regulation of Interest Rate, Regulation of payment systems, Internet Banking guidelines, Death Claim Process, Documentation, Handling of Statutory and Regulatory Notices. 

Licensing of Banking Companies, Branch Licensing, paid up capital and reserves, Shareholding in Banking Companies, Control over Management; Directors and Corporate Governance, Power of RBI to issue directions, Acceptance of deposits, Nomination, Loans and Advances, Regulation of Interest Rate, Regulation of payment systems, Internet Banking guidelines, Death Claim Process, Documentation, Handling of Statutory and Regulatory Notices. 

Licensing of Banking Companies, Branch Licensing, paid up capital and reserves, Shareholding in Banking Companies, Control over Management; Directors and Corporate Governance, Power of RBI to issue directions, Acceptance of deposits, Nomination, Loans and Advances, Regulation of Interest Rate, Regulation of payment systems, Internet Banking guidelines, Death Claim Process, Documentation, Handling of Statutory and Regulatory Notices. 

Banker and Customer, The Banker, The Customer, Relationship between banker and customer, General features of the relationship, Special features of the relationship, Paying and collecting Banker duties,Guidelines of Safe Deposit Locker Operations , Handling Keys, Standing Instructions , Mandates,  Accounts of the customers, KYC, operational aspects in regard to opening of all types of accounts, Scrutiny of loan applications / documents, Back-office operations in banks, Different types of Borrowers; Interest Calculations on Cash Credit /Overdraft accounts . 

Banker and Customer, The Banker, The Customer, Relationship between banker and customer, General features of the relationship, Special features of the relationship, Paying and collecting Banker duties,Guidelines of Safe Deposit Locker Operations , Handling Keys, Standing Instructions , Mandates,  Accounts of the customers, KYC, operational aspects in regard to opening of all types of accounts, Scrutiny of loan applications / documents, Back-office operations in banks, Different types of Borrowers; Interest Calculations on Cash Credit /Overdraft accounts . 

Banker and Customer, The Banker, The Customer, Relationship between banker and customer, General features of the relationship, Special features of the relationship, Paying and collecting Banker duties,Guidelines of Safe Deposit Locker Operations , Handling Keys, Standing Instructions , Mandates,  Accounts of the customers, KYC, operational aspects in regard to opening of all types of accounts, Scrutiny of loan applications / documents, Back-office operations in banks, Different types of Borrowers; Interest Calculations on Cash Credit /Overdraft accounts . 

Innovations in Banking, ATM, CDM, Telephone/mobile Banking, ECS, EFT, NEFT, RTGS, SWIFT, IMPS, CTS, Modern banking Services, Small Finance Banks, Payment Banks, National Strategy for Financial Inclusion, Sustainable development goals in Banking -Core Business processes flow and relevant risks and controls, Reporting system and MIS, Data analytics and Business Intelligence, Fintech, Regtech

Innovations in Banking, ATM, CDM, Telephone/mobile Banking, ECS, EFT, NEFT, RTGS, SWIFT, IMPS, CTS, Modern banking Services, Small Finance Banks, Payment Banks, National Strategy for Financial Inclusion, Sustainable development goals in Banking -Core Business processes flow and relevant risks and controls, Reporting system and MIS, Data analytics and Business Intelligence, Fintech, Regtech

Innovations in Banking, ATM, CDM, Telephone/mobile Banking, ECS, EFT, NEFT, RTGS, SWIFT, IMPS, CTS, Modern banking Services, Small Finance Banks, Payment Banks, National Strategy for Financial Inclusion, Sustainable development goals in Banking -Core Business processes flow and relevant risks and controls, Reporting system and MIS, Data analytics and Business Intelligence, Fintech, Regtech

Risk Management in Banks and Basel Accords, Introduction to Risk Management, Credit Risk Management, Liquidity and Market Risk Management, Operational Risk Management, Risk Management Organization, Reporting of Banking Risk, Risk Adjusted Performance Evaluation, Basel I, II & III Accords.

Risk Management in Banks and Basel Accords, Introduction to Risk Management, Credit Risk Management, Liquidity and Market Risk Management, Operational Risk Management, Risk Management Organization, Reporting of Banking Risk, Risk Adjusted Performance Evaluation, Basel I, II & III Accords.

Risk Management in Banks and Basel Accords, Introduction to Risk Management, Credit Risk Management, Liquidity and Market Risk Management, Operational Risk Management, Risk Management Organization, Reporting of Banking Risk, Risk Adjusted Performance Evaluation, Basel I, II & III Accords.

• M N Gopinath, (2021). Banking principles and Operations; Snow white publications Pvt. Limited.

• Shekar. K. C., Shekar Lakshmi, (2020), Banking Theory and Practice, New Delhi: Vikas Publishing House Pvt. Limited.

• E. Gordon & K. Natarajan, (2021), Banking Theory, Law and Practice; Himalaya Publishing House New Delhi.

CIA 2 - 50 marks (downzsized for 25 marks) 

CIA 3 -20 marks (downzsized for 10 marks) 

ESE - 50 marks 

Attendance 5 marks 

Course Description

This course presents and analyzes derivatives, such as forwards, futures, and options. These instruments have become extremely popular investment tools over the past several decades, as they allow one to tailor the amount and kind of risk one takes, be it risk associated with changes in interest rates, exchange rates, stock prices, commodity prices, inflation, weather, etc. They are used by institutions as well as investors, sometimes to hedge (reduce) unwanted risks, sometimes to take on additional risk motivated by views regarding future market movements. The course defines the main kind of derivatives, shows how they are used to achieve various hedging and speculating objectives, introduces a framework for pricing derivatives, and studies several applications of derivative-pricing techniques outside derivative markets.