Syllabus for
Bachelor of Commerce (International Finance)
Academic Year  (2023)

The course aims to provide conceptual and experiential understanding of Entrepreneurship.  The course is designed as a broad overview of entrepreneurship, including identifying a winning business opportunity, gathering funding for and launching a business, growing the organization and harvesting the rewards.

Meaning and concept of entrepreneurship, the history of entrepreneurship development, role of entrepreneurship in economic development, agencies in entrepreneurship management and future of entrepreneurship.

Business ideas, methods of generating ideas, and opportunity recognition.

Meaning and significance of a business plan, components of a business plan, and feasibility study.

Importance of new venture financing, types of ownership securities, venture capital, types of debt securities, determining ideal debt-equity mix, and financial institutions and banks.

Choosing the legal form of new venture, protection of intellectual property, and marketing the new venture.Characteristics of high growth new ventures, strategies for growth, and building the new venture capital.Exit Strategies for Entrepreneurs, bankruptcy and succession and harvest- Strategies.

2. Bagchi, S. (2006). High performance entrepreneur: golden rules for success in today`s world. London: Penguin Books.                       

3. Charnantimath, P. (2006). Entrepreneurship development and small business enterprises. New Delhi: Pearson Education

4. Peter Thiel . (2014) Zero to One: Notes on Startups, or How to Build the Future

5. Chris Guillebea.(2012).The $100 Startup

2.Khanna, T. (2017). Billions of entrepreneurs: how China and India are reshaping their futures and yours. Boston: Harvard Business School

3.Kuratko, D. and Hodgetts, R. (2017). Entrepreneurship in the new millennium. New Delhi: Cengage Learning

4. Robert D Hisrich . (2018). Entrepreneurship (10^th ed.) New Delhi: McGraw Hill Education

5. Kanth Miriyala and Reethika sunder (2013). Entrepreneur 5 P.M. to 9 A.M . Rupa Publication: India

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

· Written Examinations consists of:

§ Mid Semester Exam – 50 marks   (2 hours duration)

§ End Semester Exam – 50 marks (2 hours duration)

· A student should have secured minimum 40% marks in the ESE to pass in that paper.

· In aggregate for each paper, for internal and end semester put together, at least 40 marks out of 100 must be secured to pass in that paper. 

This course is the third of four courses which cover accounting principles and presentation of financial statements as per generally accepted accounting principles in the United States of America (US GAAP) as well as per International Financial Reporting Standards (IFRS).

Valuation at acquisition, Capitalization of Interest on Internally-Constructed Assets, Accelerated and Non Accelerated Depreciation methods, Impairment of long-lived assets, Intangible Assets (Goodwill and Other) Initial measurement, amortization and accounting treatment. Impairment of Intangible Assets, Non Monetary Exchanges, Assets qualified as Held-For-Sale

Long term notes payable, Bonds Payable, Troubled Debt Restructuring, Debt retirement, Debt Covenant, Compliance, Bond Accounting Principles, Bond Complications, Bond FVO.

Three categories of leases for lessors, 2 categories of leases for lessee, Operating lease, Capital lease, charges to operations for operating and capital lease, Accounting for lease, Sale and leaseback, Lease Disclosure.

Derivatives and hedge accounting, US GAAP definition of derivative, Classification of hedges, Types of Derivatives,  Accounting for Derivatives.

Intangible Assets (Goodwill, R&D costs, Software costs) Initial measurement, amortization and accounting treatment. Impairment of Intangible Assets,

1.      Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.      O. Ray Whittington. (2016). Financial Accounting & Reporting. John Wiley & Sons - Wiley CPAexcel Course Study Guide

1.        Barry Elliott and Jamie Elliott, 17^th edition (2015). Financial Accounting and Reporting. Pearson

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Nature and Scope,  Ethics, Independence and Professional Conduct,  AICPA Code of Professional Conduct,  Members in Public Practice,   Integrity and Objectivity Rule, Independence Rule, General Standards Rule,  Members in Business,  Other Members/ Professional Skepticism and Professional judgement

Ethical requirements of SEC and PCAOB and threats to compliance Sarbenes Oxley Act, Requirements of the Government Accountability Office and Department of Labor (DOL), Application of ethical requirements and independence rules of Government Accountability office, Government Auditing Standards. Apply independence rule of DOL in respect of compliance during audit of employee benefit plans.

Precondition for an audit and non audit engagement, Engagement letters, communication with predecessor, requirement for engagement documentation, working paper content, sufficiency, work paper preparation and retention, communication with Management and those charged with governance, Firms system of Quality Control, Communication with component auditors and other parties.

Planning an engagement, Understanding an Entity and Its Environment,  Understanding an Entity’s Internal Control, Entity level controls, Walkthrough and document transaction flow, Tests of Design, Implications of an entity using a service organization

Components of Internal Control, Information technology (IT) general and application controls. Limitation of Control and risk of management override,Considering Internal Controls in Planning the Audit,  Document the Understanding of the Entity’s Internal Control, assessing risk due to fraud, identifying and assessing risk of material misstatement.

Impact of risks for each relevant assertion at the class of transaction, account balance, and disclosure level, further procedures responsive to identified risks, materiality. Specific Transaction cycles, Revenue / Receipts – Sales, Cash, Expenditure / Disbursements, Payroll cycle, Miscellaneous cycle.

Planning for using work of others including group audits, internal audit function and work of specialist, Component auditors, Compliance with laws and regulations. Accounting estimates including fair value estimates, Related Parties and Related Party transactions.

1.  Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.  O. Ray Whittington. (2017).  Regulation. John Wiley & Sons - Wiley CPAexcel Course

1.    Principles of Auditing and other Assurance Services, O.Ray Whittington and Kurt Pany, Mc-Graw-Hill Education, 20th edition

2.    Auditing and Assurance Services, 16th Edition, Arens, Elder, Beasley, Hogan, Pearson Education

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course is the first of two courses that covers concepts related to knowledge and understanding of US federal taxation – Tax Practice and Procedures, Taxation of Individuals, and Taxation of Property transaction.

Form 1040, Tax Administration for individuals, Filing Status,  Personal Exemptions, Taxable Income,  Items not included in Gross Income,  Schedule A (Itemized Deductions), Schedule B (Interest and Dividends), Schedule C (Sole Proprietorship Business), Schedule D (Capital Gains and Losses), Schedule E (Rental), Adjusted Gross Income, Tax and Credits, Additional Standard deduction, Standard Deduction v/s Itemized deductions. Exemptions, IT computation, Alternate Minimum Tax, Foreign Tax Credit, Other Credits, Tax Penalties, Refunds), Phaseouts, Floor and Ceilings

Acquisition and Disposal of assets,  Basis and Holding period of assets, Taxable and Non-Taxable dispositions, Amount and character of gains and losses and netting process (including instalment sales), Purchased property, Property acquired as a gift / inheritance, Cost Recovery (Depreciation, depletion and amortization), Sale and Disposition of property, Transaction between related parties (including imputed interest).

Audits, Appeals, and judicial process, Substantiation and disclosure of tax position, Tax payer penalties, Authoritative Hierarchy.

Schedule D (Capital Gains and Losses), Schedule E (Rental), Reporting of items from pass-through entities, Deductions Adjusted Gross Income (AGI)

Schedule A (Itemized Deductions), Standard Deduction v/s Itemized deductions, Qualified Business Deductions, Taxable Income and Tax Credits, Alternate Minimum Tax (AMT), Foreign Tax Credit, Other Credits, Tax Penalties, Refunds, Phaseouts, Floor and Ceilings

1.  Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2. O. Ray Whittington. (2017). Regulation. John Wiley & Sons - Wiley CPA excel Course

1.    Katherine Pratt, Thomas Griffith, Joseph Bankman –7th Edition,  Federal Income Tax,  Wolters Kluwer

2.    Smith, Harmelink, Hassleback, 2017, CCH Federal Taxation,  Wolters Kluwer

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

The objective of the course is to make the students familiar with the various techniques of Financial Management, which is being applied in the industry.

Concept of Time value of Money, Concepts of capital budgeting, Basic principles in estimating costs and benefits of investments, Appraisal criteria for capital budgeting decisions - Payback period, Average rate of return, Net present value, Profitability Index, and Internal rate of return, Conflicts in appraisal

Cost of equity and retained earnings, cost of debt, cost of preferred stock, weighted average cost of capital, Factors affecting cost of capital, Long term financing - shares, Debentures, Warrants, Term loans, Lease financing, Hybrid financing, Venture capital financing, Sources of short term financing

Introduction, Factors affecting capital structure, Features of an optimal capital structure, EBIT -EPS Analysis, Introduction to Capital structure theories, Concept of Business and Financial Risk, Operating Leverage, Financial Leverage, Combined Leverage-suitability of Leverages  for different business situations, Concept of  Trading on Equity

Concept of Working Capital, Types of Working Capital, Operating Cycle, Importance of Working Capital, Dangers of Inadequate and Excessive Working Capital, Management of Working Capital, Factors determining Working capital, Estimation of Working capital Requirements

Dividend Policy: Introduction, Dividend decisions and valuation of firms, Determinants of dividend policy, Bonus issues, stock split, Buy back of shares, Legal, Procedural and Tax aspect of dividend, Introduction to dividend theories-relevance and irrelevance

1. Financial Management: Theory & Practice Eugene Brigham, Michael Ehrhardt Cengage Learning, 2013

2. Financial Management Carlos Correia, David K. Flynn, Enrico Uliana Michael Wormald Juta and Company Ltd, 2007

3. Financial Management M. Y. Khan Tata McGraw-Hill Education, 2004

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

To give students an overview of direct taxation system ( Income Tax Act) prevalent in India, its applicability

Introduction to The Income Tax Act, 1961. Definitions: Person, Assessee, Assessment year, Previous year, Exceptions to previous year,  Rates of Tax

Residential Status of Individuals

Scope of chargeability, Capital Asset, Transfer, Transactions not regarded as transfer, consideration, Cost/Indexed cost of acquisition, Exemptions, Problems on computation of capital gains including tax on capital gains

Clubbing of Incomes, Set off of losses, Carry forward of Losses, Computation of Gross Total Income, Deductions under Chapter VI-A (applicable to Individuals only), Computation of Total income with all heads of income and tax liability.

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Inter-disciplinary course in economics, sociology, and the Indian constitution, grounded in intersecting debates of contemporary significance.  The course is designed to broaden learners’ awareness and critical engagement with the political economy of India as a function of its sociological and ideological underpinnings.

Social identity, otherness, discourse, human agency - Karl Marx: Base and superstructure, surplus value, alienation, false consciousness - Louis Althusser: Ideology, repressive/ ideological state apparatuses - Antonio Gramsci: Cultural hegemony, subaltern - Guy Debord: Society of the Spectacle (in brief)

Imagining India: Preamble to the Constitution; fundamental rights; constitutional democracy, federalism, and majoritarianism. Social stratification and social mobility: endogamy, sanskritisation and westernisation, caste and class in Indian society. Crisis of wealth and income inequality in India. Structural inequality and intersectionality: various systemic and overlapping forms of socio-economic inequality, psychological costs of marginalisation

Gendered workplaces: participation of women and sexual minorities - Forms of discrimination: pink-collar jobs, pay gap, sticky floor/ glass ceiling/ glass escalator, pregnancy discrimination, boys’ club culture - Benevolent sexism and unpaid work: domestic labour, child care, etc. Maternity and menstrual leave: legal position and key debates. Sexual harassment at the workplace: nature of consent, key provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, #MeToo movement. Visual text: Philadelphia (1993); homophobia, relevant provisions of the HIV and AIDS (Prevention and Control) Act

Untouchability, physical violence, and Prevention of Atrocities Act - Other forms of exclusion: access to occupations/ jobs, education, justice, public spaces/ utilities, worship, media, culture, sport. Historical perspectives on caste: Ambedkar vs. Gandhi. Caste-based reservations: need for affirmative action, ‘meritocracy’ vs. privilege, social backwardness vs. economic backwardness, Mandal commission, ‘creamy layer’, private sector participation. Recent debates and movements based on caste identity

Consumerism/ conspicuous consumption and the role of advertising - Environmental crises in India: air/ water/ soil contamination, urban planning and encroachment, depletion of green cover and biodiversity. Visual text: Erin Brockovich (2000). Case studies: Coca Cola in Palakkad, Sterlite Copper in Thoothukudi, endosulfan poisoning, Chennai floods, killing of tigress Avni, illegal mining. Anthropocentrism and cruelty: animal testing, dairy industry. Eco-industrial development/ sustainability: green tax, green banking, carbon credits, green bonds; waste disposal and urban minimalism

Beyond GDP and stock markets: indices of social development, Gross National Happiness Index. Criticisms of free market economics/ market fundamentalism - Forms of state interventionism: socialism and communism in India - Social entrepreneurship and cooperative societies in India - Globalisation vs. internationalism: excerpts from K Satchidanandan’s Future of Our Past: Towards a Critique of Globalisation and Culture Industry - Visual text: Rocket Singh: Salesman of the Year (2009)

various publicly available essays/ materials assembled from online sources (with citations) for

the limited purpose of academic engagement/ classroom discussions. Students are

recommended to supplement these readings with other relevant materials on the topics

covered.

2. The Wire ( thewire.in )

3. The Caravan ( caravanmagazine.in )

4. Scroll.in

5. NewsClick ( newsclick.in )

6. The Quint ( thequint.com )

7. Article 14 ( article-14.com )

8. The Leaflet ( theleaflet.in )

9. Indian Constitutional Law and Philosophy ( indconlawphil.wordpress.com )

10. The Telegraph ( telegraphindia.com )

Internship provides students an opportunity to apply the theoretical concepts in practical work environments. The internship is to enable students to gain work experience in relevant domain of Accountancy, Public Accounting, Financial Services, and areas relevant to the BCom IF program.

The Internship would help students enhance the softer aspects of work requirements namely teamwork, camaraderie, cooperation, and collaboration in the work environment. The internship will enable students get prepared for the industry and ventures they would take up post completion of BCom IF program.

Submit internship report based on the internship experience

The internship would be during the 4th semester and should be approved by Program Coordinator and Head of Department.

Students would need to submit a report and make a presentation on the internship assignments undertaken.

Students are required to initially provide a proposal document stating the following:

      I.         Organisation

    II.         Area of work

  III.         Timings , Start date and Finish Date.

  IV.         Point of Contact details (Supervisor / HR Manager)

    V.         Weekly report of internship programs duly attested by Supervisor / Manager clearly stating the work done details.

Basis the above proposal, HoD and Program Coordinator would approve the assignment.

Department would assign Faculty mentors to students, who would provide a weekly report on the progression at interning organisation.

At the end of the internship, student would make a presentation. The presentation would be to a panel of judges comprising of members not restricted to faculty members but may also include industry experts, alumni and parents.

The evaluation panel will evaluate student’s performance based on rubrics such as

(i)             nature of work / assignment

(ii)           Supervisors feedback

(iii)         Weekly report

(iv)          Presentation

(v)           Viva

Note: the onus on finding internships is wholly on the students themselves. Department’s role would be to assist and encourage. 

This course is the last of four courses which cover accounting principles and presentation of financial statements as per generally accepted in the United States of America (US GAAP) as well as per International Financial Reporting Standards (IFRS). The course covers recognition, measurement and valuation of business combinations and consolidation. It covers recognitio of foreign currency transactions, deferred compensation plans, and Deferred tax Assets and Liabilities.

Accounting for business combination, Recognizing and Measuring identifiable assets acquired, liabilities assumed, and any non-controlling Interest in the Acquiree, Recognizing and measuring goodwill, Disclosure requirements for business combination.When to present consolidated financial Statements, consolidation worksheet, Intercompany transactions (Payables, Receivables and Loans,  Sales of Inventory,  Sale of Fixed Assets, Bonds), Non controlling interest,   Subsidiary Entity Records, Combined Financial Statements

Compensated Absences, Retirement Benefits, Pensions, Other Post retirement benefits, Accounting for share based compensation plan, Pension Liability disclosures, Stock Compensation (Option Plans, Stock Appreciation rights, Employee Stock Option Plans)

Deferred Taxes, Timing Differences, Deferred Tax Asset and Liability, Tax Allocation process, Net Operating losses, Recognizing / Adjusting Valuation Allowance.

Accounting for Transactions denominated in a Foreign Currency,  Accounting for Foreign Operations,  Restatement of Non-U.S. GAAP Financial Statements into U.S. GAAP, Introduction to Conversion of Foreign Currency Financial Statements, Determining the Functional Currency of a Foreign Entity, Re-measurement to functional currency, Translation from functional currency to reporting currency.    

Income available to common stockholders, Weighted average number of common shares outstanding, EPS disclosures, Basic Earnings per share, Diluted Earnings per share.

1.      Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.        O. Ray Whittington. (2016). Financial Accounting & Reporting. John Wiley & Sons - Wiley CPA excel Course Study Guide

1.        Barry Elliott and Jamie Elliott, 17^th edition (2015). Financial Accounting and Reporting. Pearson

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course covers governmental accounting concepts, funds in government accounting, government wide Financial Statements and Not-for-Profit (non-governmental) accounting and reporting.

Modified Accruals Accounting and Fund transactions, Budget journal entries, encumbrances and expenditure of money. Actual fund transactions and activity (revenue recognition, bond anticipation notes, cash grants, depreciation, Inventory accounting, leases, inter-fund transactions, non-exchange transactions)

Municipal Solid waste landfills, Post employment benefits, Investment and Investment Pools

Government Wide Financial Statements (GWFS), Government Fund Financial Statements (Proprietary, Fiduciary), Notes to Financial Statements, Management Discussion and Analysis (MD&A), Required Supplementary Information other than MD &A, Financial Reporting Entity (Blended and Discrete Component Units),  Deriving Government-Wide Financial Statements and Reconciliation Requirements, Budgetary Comparison Reporting.

Example formats of Government Financial Statements

Statement of Financial Position, Statement of Activities, Statement of Cash Flows, Calculate Net Asset Balances, Revenue Recognition, Non-reciprocal transfers, Non -profit Reporting for All Types of Entities, Restricted Money,  Contributions, Non-profit Colleges and Universities, Voluntary Health and Welfare Organizations (VHWO), Other Nonprofit organizations 

1.        Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.        O. Ray Whittington. (2016). Financial Accounting & Reporting. John Wiley & Sons - Wiley CPA excel Course Study Guide

1.        Michael H. Granof, Saleha B. Khumawala – Government & Not-for-Profit Accounting: Concepts & Practices, Jan 2016, Wiley

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Planning and Using the Work of Others,  Performing Specific Procedures to Obtain Evidence,  External Confirmations,  Inquiry of Management and Others,  Observation and Inspection,  Recalculation and Reperformance,  All Other Procedures 

Opening Balances, Investment in Securities and derivative instruments, Standardized Audit Procedure, Cash, Accounts Receivable and Sales, Inventory, Fixed Assets, Investments, Accounts Payable, Purchases and Other Liabilities, Payroll, Long-term Liabilities, Stockholders’ Equity, Litigation, Claims and Assessment, Going concern issues, Accounting estimates. . Further Procedures (Written Representations, Subsequent Events, and Subsequent discovered facts.

Sampling Risk,  Types of Sampling,   Determining Sample Size,  Attribute (Control) Sampling,  Variables Sampling,  Classical Sample Selection Methods,   Sampling Methodology

IT General and Application Controls, IT Evidence – Gathering procedures. Other IT considerations

Reports on Auditing Engagements, Forming an Audit Opinion, Including Modifications, Form and Content of an Audit Report including use of emphasis of matter and other matter ( explanatory paragraph), Overview of Types of Opinions, The Date of the Auditor’s Report, Audit of Internal Control integrated with an audit of financial statement.

Reports on Attestation Engagements,  General Standards for Attestation Engagements, Compilation Reports, Review reports, Agreed-upon procedures report

Comparative statements and consistency between periods, Review of Interim Financial Information, Supplementary Information,  Single Statements,  Special-Purpose and Other Country Frameworks,  Letters for Underwriters and Filings with the SEC, Additional reporting requirements under Government Accountability Office government auditing Standards

Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.  O. Ray Whittington. (2017). Regulation. John Wiley & Sons - Wiley CPAexcel Course

1.    Principles of Auditing and other Assurance Services, O.Ray Whittington and Kurt Pany, Mc-Graw-Hill Education, 20th edition

2.    Auditing and Assurance Services, 16th Edition, Arens, Elder, Beasley, Hogan, Pearson Education

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20% 

Attendance                                                                               :           05%

Total                                                                 :        100%

This course is the second of two courses that covers concepts related to knowledge and understanding of US federal taxation – Taxation of Entities, Estate and Gift Taxation, and Multijurisdictional tax related issues.

Form 1120, Difference between Book and Tax Income, Tax Filing Requirements, Estimated Tax payments, Computation of Taxable income, Deduction Items, AMT, Exemption from Corporate AMT,  Net Operating Losses and Capital Loss limitation, Entity / Owner Transactions, Corporate Reorganizations, Consolidated Tax Returns

Form 1120 S, Eligibility and Election, Determination of ordinary business income, Basis of shareholders investment, entity / owner transactions, built-in gains tax

Types of Trusts, Income and Deduction, Determination of beneficiary’s share of taxable income, The Unified Credit, The Gift Tax form, Overview of Trusts and Estates, Estate and Estate Administration, Estate Tax, Trusts and Trust Administration,  Estate and Trust Income Taxation

Form 1065, Partnership and Partner elections, Determination of ordinary business income (loss), Basis of partners interest and basis of assets contributed, Distribution of Partnership assets, Ownership changes, Transaction between partner and partnership, Partnership liability impact on partners interest in partnership.

1.  Brian Hock. (2016). Tenth Edition CPA Preparatory Program, Hock International

2.  O. Ray Whittington. (2017). Regulation. John Wiley & Sons - Wiley CPAexcel Course

1.        Katherine Pratt, Thomas Griffith, Joseph Bankman –7th Edition,  Federal Income Tax,  Wolters Kluwer

2.         Smith, Harmelink, Hassleback, 2017, CCH Federal Taxation,  Wolters Kluwer

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course covers concepts related to knowledge and understanding of corporate law aspects

Introduction, Forming the Corporation, Drafting the organic documents, Pre-incorporation transactions by promoters, Defective Incorporation, Promoters Fiduciary Duties, Corporate Powers and Purposes 

Introduction, Issuance of Securities (Corporate Law aspects, Federal Law) 

Allocation of Corporate Decision making Power, Consequences of separation of ownership and control, Board of Directors, Board Composition, Removal and Vacancies, Board Committees, Officers 

2.N.D. Kapoor's Elements of Company Law, Sultan Chand

Mid Semester Examination (CIA-2)                                   :           25%: 50 mark 

Continuous Internal Assessments (CIA- 1 & 3)               :           20%: 20 mark

Attendance                                                                               :           05%: 5 Mark

Total    :          100%

 Total Marks: 100

Course description: Second of the two-part inter-disciplinary course in economics, sociology, and the Indian constitution, grounded in intersecting debates of contemporary significance.  The course is designed to broaden learners’ awareness and critical engagement with the political economy of India as a function of its sociological and ideological underpinnings.

Rationale for land reforms in India, redistribution in Kerala/ Bengal - Land Acquisition Act: rehabilitation and resettlement - Case study: Narmada Bachao Andolan - Agrarian distress: Swaminathan Commission, minimum support price, crop insurance, right to work, debate on farm loan waivers. Visual text: Nero’s Guests (2009). Forest lands and tribal rights: constitutional protection, Naxalbari movement, Forest Rights Act. Biopiracy and protection of traditional knowledge

Constitutional labour rights, framework of labour laws in India. Politics of migrant labourers, debates on universal/ minimum basic income, gig economy and circumvention of labour laws. Case studies: cab aggregators, e-commerce ‘delivery boys’, collective bargaining in the software industry. Critiquing careerism and performative workaholism; right to disconnect; corporate India’s mental health epidemic. Artificial intelligence, automation, and the future of work.

Democratic function of the fourth estate; speaking truth to power. Corporatisation, new media, and evolving funding models. Noam Chomsky: Manufacturing consent (in brief). Press freedom in India: paid news, criminal defamation/ SLAPP, hate campaigns, political intimidation, state propaganda, killings (examples). P Sainath’s lecture: Freedom of the Press/ Purse: How corporatisation of the media harms Indian democracy (2018)

Internet penetration, data discrimination, and net neutrality. Case study:  India’s rejection of Facebook Free Basics. Evolution of Aadhaar: right to privacy; concerns of identity theft, data security, surveillance, and profiling; exclusions under welfare schemes. Personal data: commercial exploitation, need for protection laws. Big data and the dangers of algorithmic bias

Misinformation/ falsehoods on social media: virality, social costs

Lobbying, cronyism, public corruption; Introduction to Josy Joseph’s A Feast of Vultures: The Hidden Business of Democracy in India. Visual text: Thank You for Smoking (2005). Case study: Public sector banking frauds. Political funding: electoral bonds and transparency, recommendations of the Election Commission of India. Black money ecosystem (in brief): gold, benami properties, offshore bank accounts, participatory notes, round-tripping, over-invoicing. International tax reforms: tax havens, treaty shopping, transfer pricing. Domestic direct tax reforms: progressive rates; wealth tax; taxing gifts/ transfers to relatives, inheritances, agricultural income of rich farmers

Security vs. fear psychosis: arms race and military exhibitionism. Military-industrial complex, procurement scams, conflict profiteering. India as a nuclear power and imposition of economic sanctions. Pacifism and disarmament; Arundhati Roy’s The End of Imagination. State terrorism vs. fundamentalism/ self-determination/ insurgencies. Violence and local economies: ghettoisation, displacement, migration

Benedict Anderson: Imagined communities (in brief). Nation, state, and nation-state; patriotism, nationalism, and jingoism. Diversity: India as a land of immigrants; politics of ethnic, cultural, and linguistic nationalism; role of corporate India. Case studies: select advertising campaigns. Democracy and dissent: people’s movements and forms of protest, ‘reasonable’ restrictions on free speech, sedition, McCarthyism

 1. The Hindu (thehindu.com)

2. The Wire (thewire.in)

3. The Caravan (caravanmagazine.in)

4. Scroll.in 

5. NewsClick (newsclick.in)

6. The Quint (thequint.com)

7. Article 14 (article-14.com)

8. The Leaflet (theleaflet.in)

9. Indian Constitutional Law and Philosophy (indconlawphil.wordpress.com)

10. The Telegraph (telegraphindia.com)

This course provides a structural overview of financial markets and their operating characteristics. The course covers various asset types, market participants, and the manner in which assets trade within these markets and ecosystems and calculation, construction, and use of security market indexes. Course also focuses on the characteristics, analysis, and valuation of equity securities. The course covers the three main equity valuation approaches (present value, multiplier, and asset based).

The Functions of the Financial System, Assets and Contracts, Financial Intermediaries, Positions, Orders, Primary Security Markets, Secondary Security Market and Contract Market Structures, Well Functioning Financial Systems, Market Regulation

The Concept of Market Efficiency, Forms of Market Efficiency, Market Pricing Anomalies, Behavioral Finance

Estimated Value and Market Price, Major Categories of Equity Valuation Models, Present Value Models: The Dividend Discount Model, Multiplier Models, Asset- Based Valuation. Discounted Cash flow models of valuation, using FCFF& FCFE.

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course introduces the unique attributes that define fixed- income securities and an overview of global debt markets. Key concepts for the calculation and interpretation of bond prices, yields, and spreads and coverage of interest rate risk and key related risk measures are presented. The course covers Securitization including the various types, characteristics, and risks of these investments.

This course also examines the fundamental elements underlying bond returns and risks with a specific focus on interest rate and credit risk. Duration, convexity, and other key measures for assessing a bond’s sensitivity to interest rate risk are introduced. An explanation of credit risk and the use of credit analysis for risky bonds is also included.  

Bond Prices and the Time Value of Money, Prices and Yields: Conventions for Quotes and Calculations, The Maturity Structure

Introduction, Credit Risk, Capital Structure, Seniority Ranking, and Recovery rates, Ratings Agencies, Credit Ratings, and their Role in the Debt Markets, Traditional Credit Analysis: Corporate Debt Securities, Credit Risk vs. Return: Yields and Spreads, Special Considerations of High- Yield, Sovereign, and Non- Sovereign Credit Analysis.

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Research provides direction for solving business, government, and social problems. Business research helps to replace intuitive business decisions with more logical and scientific decisions. The course intends to provide comprehensive knowledge & skills about the research methods that are employed to investigate problems in business.

Types of research report; Report structure, Citation, bibliography and referencing;Guidelines for effective report writing.

End Semester Examination (ESE)50%

Mid Semester Examination (CIA-2)25%

Continuous Internal Assessment (CIA - 1 & 3)20%

Attendance  05%

Total 100%

 •Written Examinations consists of: 

• Mid Semester Exam – 50 Marks   (2 hours duration)
• End Semester Exam – 100 Marks (3 hours duration)

•A student should secure a minimum of 40% Marks in the ESE to pass in that paper. 

•In aggregate for each paper, for internal and end semester put together, at least 40 Marks out of 100 must be secured to pass in that paper. 

This course provides students with detailed knowledge of the key international financial reporting standards (IFRSs) and how they are interpreted and applied

IAS 1, Presentation of financial statements

IFRS 15, Revenue from contracts with customers

IAS 16, Property, plant and equipment; IAS 38, Intangible assets,

IAS 40, Investment Property; IAS 36, Impairment of assets;

IAS 23, Borrowing costs; IAS 20, Accounting for government grants and disclosure of government assistance; IAS 2, Inventories; IFRS 16, Leases

IFRS 5, Non-current assets held for sale and discontinued operations.

IFRS 13, Fair Value Measurement; IFRS 32, Financial instruments – presentation; IFRS 9, Financial instrument; IFRS 7, Financial instruments: disclosures

IFRS 10, Consolidated Financial Statements; IAS 27 (revised 2011), Separate financial statements IFRS 3, Business Combinations

IAS 7, Statement of cash flows; IAS 24, Related party disclosures; IAS 33, Earnings per share

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

To provide the students with basic insights into the theory, law and practice of modern Banking

Evolution of Modern Banking in India (special reference to the period after 1991); Types of Banks—Commercial Banks, Co-operative Banks, Development Banks, Agricultural Banks, Industrial Banks, Investment Banks, Universal Banks; Indian Banking System—Classification of Banks-National Level specialised financial Institutions-Public Sector Banks (State Bank of India, Nationalised Banks), Private Sector Banks, Foreign Banks, Small Finance Banks, Payment Banks, Regional Rural Banks, NBFCs, Functions of Commercial Banks and NBFCs—Primary Functions, Secondary Functions and Various services, Classification of Banking Activities—Retail Banking, Corporate Banking / Wholesale Banking, Investment Banking,

Liability Products: Deposits, types of deposits, salient features of various deposits including Non resident Deposits

Asset Products: Loans and Advances-Classification of loans and advances-Loans, Overdrafts, Cash Credits and Bills Purchased & Discounted-Salient features of loan products-Securities acceptable to the banks and charges created on them (pledge, hypothecation, mortgage)-Terms and conditions for sanctioning a loan. Non fund based lending-Bank Guarantees and Letters of Credit.

Processing of Home Loans, Personal Loans, Consumer Loans, Vehicle Loans, MSME Financing, Trade Financing

RBI as the central bank in India—Overview of the functions and monetary policy, Autonomy of RBI, Relationship with the Government

General Relationship and Special Relationship

Types of customers—Individuals—Joint, Minors, special category of persons like Drunkards, Alien Enemies, Insane etc; Partnership firms (including LLPs), Companies, Association of Persons, Special services to Senior Citizens, Additional requirements to be complied with while opening accounts of TRANSGENDERS

Digital Banking--Home Banking, Net Banking, Mobile Banking, Virtual Banking, ATMs, Biometric Cards, Debit and Credit Cards, Smart Cards, Prepaid Instruments, NEFT, RTGS, NACH ( ECS)-SWIFT, UPI, Bills Payments, E-Money-Electronic Purse- Digital Cash- Wallets, EMV CHIP BASED CARDS W.E.F. 1ST January 2019, Pre-Approved loans through digital media

Asset Classification, Income Recognition, Provisioning, Capital Adequacy Basel Norms-Basel I, II and III, NPAs and steps to reduce the NPAs, Stressed Assets and steps to be taken—overview of Insolvency and Bankruptcy Code,Role of Insolvency professionals

Overview of the Legislations affecting Banking—Banking Regulation Act, RBI Act, PMLA, SEBI, Negotiable Instruments Act, Bankers’ Book Evidence Act, SARFAESI Act, Information Technology Act;

Negotiable Instruments Act-Types of Negotiable Instruments-Characteristics of Negotiable Instruments-Endorsements, Crossing of Cheques; Paying Banker, Collecting Banker-Payment in due course, Garnishee Order, Negligence, Conversion

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

To provide an insight to the students into some areas of Bank management with special emphasis on credit management and profitability

Prudential Norms-Asset Classification, Income Recognition, Provisioning, Capital Adequacy. Implementation of Basel Committee Recommendations. Effect of NPA on profitability,

Banks Balance Sheet - Components of assets / Liabilities / ALM Implementation -

Gap Analysis - Mechanics, Assumptions, and Limitations - Illustrations of Actual Gap Reports - The Relationship between Gap and Income Statement – Funding; Liquidity - Trading / Managing Liquidity - Contingency Funding - Business Strategies: Shareholder value maximization & EVA- profit planning-measures to improve profitability.

Corporate Office, Zonal Offices, Regional Offices, Branches—Roles and Responsibilities at these levels—Functioning of support systems—Inspection Department (including Vigilance), Training Colleges, International Department (for guiding branches in respect of Forex), Development Departments

Delegation of Powers; Duties, Responsibilities, Power, Authority, Accountability, OD ( Organization Development) strategies in case of Mergers and Acquisitions of Banks

CRM in Banks—Meaning and Definition of CRM-Objectives of CRM in Banks- CRM Development- Data Warehousing and Data Mining-Anytical Datamart-Relationship Marketing-Telemarketing-Call Centers-Feedback Services—Product versus customer centric

Fundamentals of HRM,  HRM In Banks- Structure and functions of HRD, Role of HR professional, Importance of Human capital in Banks

Training and development, attitude and soft skills development, role and impact of training,

Career Crafting -- Career path planning and counseling, employee behaviour, theories of motivation and their practical implications, role

concepts and analysis, self development.,

Performance Management and appraisal systems; Reward / punishment and compensation systems., HRM and Information Technology, information and data management, knowledge management. Welfare Measures

Behavioural Dynamics in Banks; Person - Job Fit, Group Dynamics, Group Problem Solving and effectiveness, Leadership and Team building, Change Management, Quality Circles in Banks, TQM, Six Sigma and other latest concepsts applied in Banks

Knowledge management in Banks; Need for Knowledge Management Officer, Role in the Banks, HRM and Information Technology, Information and Database Management

1. Bankers’ Handbook on Credit Management—Indian Institute of Banking and Finance

2. Commercial Bank Management—Kanhaiya Singh and Vinay Dutta, Book Centre.

3. Human Resource Management—Indian Institute of Banking and Finance

4. Banking Profitability and Performance Management—www.pwc.com

1. Advanced Bank Management—Indian Institute of Banking and Finance

2. Indian Institute of Banking and Finance—Risk Management—mcmillan education 2016 Edition

3. Bank Management 1st Edition (English, Paperback, C. B. Gupta, T. D. Malhotra, C. Jeevanandam)-Sultan Chand & Sons

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Characteristics of Debt Securities that cause their yields to vary, credit (default) risk, Yield differentials across securities (money market securities, capital markets securities). Theories regarding relationships between maturity and annualized yield of securities (Pure expectation theory, Liquidity Premium theory etc.) International structure of Interest rates

Financial Markets, Institutions and Financial Services – Clifford Gomez, PHI Learning Private Ltd.

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

Types of Life Insurance Policies – Term Life Insurance – Whole Life insurance – Endowment Life Insurance – Unit Linked Policies with or without Profit Policies –Customer Evaluation – Policy Evaluation – Cost and Benefit – Group and Pension Insurance Policies – Special features of Group Insurance / Super Annuation Schemes – Group Gratuity Schemes – Super Annuation schemes.

Computation of Premiums and Settlement of claims: Premium defined – Premium Calculation Including Rebates – Mode of Rebates – Large sum assured Rebates – Premium Loading – Rider Premiums – Computation of Benefits – Surrender value – Paid up value – Settlement of claims: Intimation procedure, documents and settlement procedures.

Individual Health and Disability Income Insurance; Adverse Selection and Moral Hazard issues in Health insurance-- Types of Individual Health Insurance Coverage: Hospital (Surgical Insurance, Major Medical Insurance); Disability Income Insurance; Need for Disability Income Insurance: Short Term Versus Long Term Disability Coverage; Overseas Medical Insurance - Floater Plans- Benefit plans- Critical Illness plans-- Health Insurance for the Elderly; Long Term Care Insurance; Employee Benefits: Group, Life and Health Insurance; Group Insurance: Group Life Insurance Plans, Group Health Insurance Plans, Group Disability - Income Insurance. Settlement of claims through Third Party Administrators

Rate Making-- Premium Rating—Premium Loading; Underwriting, Guiding principles of Underwriting – Factors affecting Insurability - Claim Settlement, Reinsurance; Emerging Scenario; Marketing Systems; Distribution Channels: Agents and Brokers; Changes in Distribution System; Government regulation of Insurance; Rationale of Regulation; Function of IRDA, IITDA Regulations; Issues in Insurance Regulations.

Proposal Forms, Cover Notes, Certificates of Insurance—Endorsements, Moral and Physical Hazards—Spreading or Risks.

Fire Insurance: Standard policies – Fire Insurance coverage – Consequential loss (fire) Insurance policies – Declaration policies,

Personal Accident Insurance, Health Insurance and Mediclaim policies, Liability Insurance, Burglary Insurance other Miscellaneous Insurances, Rural Insurance covers,

Engineering Insurance and its Consequential loss covers, Aviation hull and Aviation liability.

Understanding Risk: Types of risk – Risk management - Objectives - Risk identification and measurement - Pooling arrangements and diversification of risk- Risk aversion and demand for insurance – By individuals- By corporations- Insurability of risk- contractual provisions- Legal doctrine- - Loss control –Risk retention and reduction decisions

Legal Aspects of Life Assurance - Mortgage of Life Policies – Different kinds of Proofs of Death – Various forms of Evidence of Testate – and Intestate Succession – Presumption of Death – Indemnity & Guarantee – Attachments and Prohibitory Orders – Provisions of Limitation Act as applicable to Insurance Contracts.

Insurance Act 1938 (as amended) & Insurance Regulatory & Development

Act.- An Overview – Insurance Sector Reforms - The Insurance Regulatory Development Authority (IRDA) Act, 1999 – IRDA (Investment) Regulations 2000 – IRDA Guidelines for Insurance Brokers-- Securities and Exchange Board of India (SEBI) Act, 1992 – SEBI Guidelines.

Developing insurance services mix - Service product - Service pricing – Promotion – Distribution - Physical evidence – People - Service delivery process - Product/service Life Cycle – New service /product Planning and Development – Understanding power of branding - Brand equity – Insurance salesmanship.

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This study session builds the conceptual framework for understanding the basic derivatives and derivative markets. Essential features and valuation concepts for forward commitments such as forwards, futures, and swaps and contingent claims such as options are introduced.  The course also provides an overview of the more widely used alternative investments, including hedge funds, private equity, real estate, commodities, and infrastructure investment.

Derivatives: Definitions and Uses, The Structure of Derivative Markets, Types of Derivatives, The Purposes and Benefits of Derivatives, Criticisms and Misuses of Derivatives, Elementary Principles of Derivative Pricing

Introduction, Fundamental Concepts of Derivative Pricing, Pricing and Valuation of Forward Commitments (forward contracts, futures contracts, swap contracts), Pricing and Valuation of Options (European and American Option Pricing, Binomial Valuation of Options), Forwards Rate agreements, Hedging and Speculation using Forwards, Futures and Options, Beta Management of the Portfolio using Futures.

Option Valuation using Put Call parity.

Introduction, Option Strategies for Equity Portfolios, Risk Management Strategies with Options and the Underlying. Mention specific types of option strategies- Combination strategies: Straddle, Strangle, Strip and Strap

Spread Strategies:

Bull Spread, Bear Spread, Calendar Spread, Butterfly Spread Strategy, Condor Spread strategy.

Introduction, Alternative Investments, Categories of Alternative Investments, Portfolio Context: Integration of Alternative Investments with Traditional Investments, Hedge Funds, Private Equity Structure and Fees, Private Equity Strategies,  Private Equity: Diversification Benefits, Performance, and Risk, Portfolio Company Valuation, Private Equity: Investment Considerations and Due Diligence

Forms of Real Estate Investment, Real Estate Investment Categories, Real Estate Performance and Diversification Benefits, Real Estate Valuation and Risks, Commodities Derivatives and Indices, Infrastructure, Other Alternative Investments, Risk Management Overview

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course is designed to introduce the concept of a portfolio approach to investments, the investment needs of various types of individual and institutional investors, risk management framework and sources of risk, portfolio risk and return measures. The course also introduces a quantitative framework - Modern Portfolio Theory - for portfolio selection and asset pricing.  Course also covers Portfolio planning and construction process, and introduces development of an investment policy statement.

A Portfolio Perspective on Investing, Investment Clients, Steps in the Portfolio Management Process, Pooled Investments

The Risk Management Process, Risk Governance, Identification of Risks, Measuring and Modifying Risks

Investment Characteristics of Assets, Risk Aversion and Portfolio Selection, Portfolio Risk, Efficient Frontier and Investor’s Optimal Portfolio

Capital Market Theory, Pricing of Risk and Computation of Expected Return, The Capital Asset Pricing Model, Beyond the Capital Asset Pricing Model

Portfolio Planning, The Investment Policy Statement, Portfolio Construction, Capital Market Expectations, Strategic Asset Allocation

Describe Fintech, Big Data, Artificial Intelligence and Machine Learning, Fintech applications to investment management; Financial Applications of distribution ledger technology.

Introduction, Technical Analysis – Definition and Scope, Technical Analysis Tools. Eliott Wave Theory

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

This course is designed to introduce ethics, related challenges to ethical behavior, and the role played by ethics in the investment profession. A framework to support ethical decision- making is provided to help guide behavior. Particular emphasis is given to CFA Institute Code of Ethics and Standards of Professional Conduct. The course also covers Global Investment Performance Standards.

Introduction, Ethics, Ethics and Professionalism, Challenges to Ethical Conduct, The Importance of Ethical Conduct in the Investment Industry,  Ethical vs. Legal Standards, Ethical Decision- Making Frameworks, Applying the Framework  

CFA Institute Code of Ethics and Standards of Professional Conduct, CFA Institute Professional Conduct Program, Ethics and the Investment Industry

Responsibilities as a CFA Institute Member or CFA Candidate.

Recommended Procedures for Compliance and Application of the Standards namely: Professionalism, Integrity of Capital Markets, Duties to Clients, Duties to Employers, Investment Analysis, Recommendations, and Actions &Conflicts of Interest

The Structure of the GIPS Standards, Compliance and Benefits from Compliance

Why Is a Global Investment Performance Standard Needed, Implementing a Global Standard, Provisions of the Global Investment Performance Standards, GIPS Valuation Principle, GIPS Advertising Guidelines, Verification.

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                               :           05%

Total                                                   :          100%

The Course discusses the many types of risks all businesses face. It reviews various categories of risk. It provides a common framework and terminology for managing these risks to build an effective enterprise risk management system. This enables companies to prevent major risk events, detect them when they happen, and to respond quickly, appropriately, and resiliently. 

Risk Management Standards including ISO 31000, COSO ERM framework, COBIT framework

Risk, Risk Context, Risk Assessment, Risk Treatment, Risk Monitoring and Review, Reasoning about Probability, Uncertainty, and Likelihood                                                                                                                                

Environmental Risks—the Social Dimension, Environmental Risk—the Legal Dimension, Types of Environmental Risks, Identifying Environmental Risks, Environmental Risk Management: The Noranda Model—and Beyond, Approvals for Large Industrial Projects, The Environmental Risks, Who Does What?