Syllabus for

Academic Year  (2024)

To apply relevant knowledge skills and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control compliance and the management of risk within the organization.

Demonstrating effective Communication skills, Commercial acumen, evaluation skills, analytical skills and skepticism in business scenarios. 

Demonstrating effective Communication skills, Commercial acumen, evaluation skills, analytical skills and skepticism in business scenarios. 

Identification, assessment and measurement of risk, Managing, monitoring and mitigating risk, Management and internal control systems, Audit and compliance, Internal control and management reporting, IT systems security and control, Cyber security.

Identification, assessment and measurement of risk, Managing, monitoring and mitigating risk, Management and internal control systems, Audit and compliance, Internal control and management reporting, IT systems security and control, Cyber security.

Professionalism, ethical codes and the public interest, Applying Ethical principles, Ethical dilemmas, Ethical threats & their mitigation, Fraud and Bribery and corruption

Professionalism, ethical codes and the public interest, Applying Ethical principles, Ethical dilemmas, Ethical threats & their mitigation, Fraud and Bribery and corruption

Stakeholder analysis, Organizational social responsibility, Sustainability, Reporting to stakeholders, Integrated Reporting

Stakeholder analysis, Organizational social responsibility, Sustainability, Reporting to stakeholders, Integrated Reporting

Qualities of leadership, Strategic Leadership, Leadership and organizational culture, Elements of culture, Cultural Web in organization’s

Qualities of leadership, Strategic Leadership, Leadership and organizational culture, Elements of culture, Cultural Web in organization’s

Agency, Governance scope and approaches, The board of directors, Public sector governance

Agency, Governance scope and approaches, The board of directors, Public sector governance

2. S. Rao Vallabhaneni (2012). Corporate Management, Governance and Ethics Best Practices.

3. Tricker, R. I., & Tricker, G. (2014). Business ethics: A stakeholder, governance, and risk approach. Routledge.

4. Hayward, A. (2019). The business guide to effective compliance and ethics: Why compliance isn't working-and how to fix it. New York: Kogan Page

2. Sadgrove, K. (2015). The complete guide to business risk management (Third Edition.). England: Gower

3. Prof. Rajinder Kaur and Prof. Rashmi Aggarwal. Ethics and Corporate Governance. Thomson Reuters

4. Institute of Company Secretaries of India, Governance, Risk Management, Compliances and Ethics.

●       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. 

The course has been designed to impart knowledge of reporting process of companies’ transactions

Professional behaviour and compliance with accounting standards, Ethical requirements of corporate reporting and the consequences of unethical behaviour, Social responsibility

Professional behaviour and compliance with accounting standards, Ethical requirements of corporate reporting and the consequences of unethical behaviour, Social responsibility

The applications, strengths and weaknesses of an accounting framework, Critical evaluation of principles and practices

The applications, strengths and weaknesses of an accounting framework, Critical evaluation of principles and practices

Performance reporting, Non-current assets, Financial instruments, Leases, Segment reporting, Employee benefits, Income taxes, Provisions, contingencies and events after the reporting date, Related parties, Share-based payment, Reporting requirements of small and medium-sized entities (SMEs).

Performance reporting, Non-current assets, Financial instruments, Leases, Segment reporting, Employee benefits, Income taxes, Provisions, contingencies and events after the reporting date, Related parties, Share-based payment, Reporting requirements of small and medium-sized entities (SMEs).

Group accounting including statements of cash flows, continuing and discontinued interests, Changes in group structures, foreign transactions and entities.

Group accounting including statements of cash flows, continuing and discontinued interests, Changes in group structures, foreign transactions and entities.

Financial reporting in specialized, not-for-profit and public sector entities, entity reconstructions 

Financial reporting in specialized, not-for-profit and public sector entities, entity reconstructions 

The effect of changes in accounting standards on accounting systems, proposed changes to accounting standards

The effect of changes in accounting standards on accounting systems, proposed changes to accounting standards

The creation of suitable accounting policies, analysis and interpretation of financial information and measurement of performance

The creation of suitable accounting policies, analysis and interpretation of financial information and measurement of performance

Environmental and social reporting, convergence between national and, international reporting standards, current reporting issues

Environmental and social reporting, convergence between national and, international reporting standards, current reporting issues

2. Ferris, K. R. (1996). Financial Accounting and Corporate Reporting: A Case Book. Chicago: Irwin.

3. Young, S. D. (2015). Corporate financial reporting and analysis: A global perspective (3rd ed.). New Delhi

4. David Young and Jacob Cohen (2013). Corporate Financial Reporting and Analysis (3^rd edition) Wiley

2. Gupta, A. (2009). Financial Accounting for Management: An Analytical Perpective (3rd ed.). New Delhi: Pearson Publications.

3. CA Vinod Kumar Agarwal, Corporate Financial Reporting

●       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. 

The course provides comprehensive look on organization by focusing on tactical, functional and operational level of the organization. The course outlays organizational leadership and senior consultancy, advisory capabilities and relevant professional skills.

Introduction to Strategy, Concepts of Strategy, Types and levels of Strategy, Mission/Vision statement

Introduction to Strategy, Concepts of Strategy, Types and levels of Strategy, Mission/Vision statement

Environmental issues, Competitive forces, The internal resources, capabilities and competences of an organization

Environmental issues, Competitive forces, The internal resources, capabilities and competences of an organization

Competitive Advantage, Strategic management models, Suitability, acceptability, feasibility

Competitive Advantage, Strategic management models, Suitability, acceptability, feasibility

Finance function, Financial analysis and decision-making techniques, Cost and management accounting

Finance function, Financial analysis and decision-making techniques, Cost and management accounting

Cloud and mobile technology, Big data and data analytics, E- business: value chain

Cloud and mobile technology, Big data and data analytics, E- business: value chain

Enabling success: organizing, enabling success: disruptive technologies, enabling success: talent management, enabling success: performance excellence, Managing strategic change, Innovation and change Management, Leading and managing projects

Enabling success: organizing, enabling success: disruptive technologies, enabling success: talent management, enabling success: performance excellence, Managing strategic change, Innovation and change Management, Leading and managing projects

2. Dr. K Govind Bhat (2011), Strategic Management, Himalaya Publishing House.

3. Haberberberg, A., & Rieple, A. (2008). Strategic Management: Theory and Application. New Delhi: Oxford University Press

4. Business Policy and Strategic Management – P. Subba Rao, Himalaya Publishing House

2. Dr. Rajiv M. Gupte, Prof. Anand N. Linaye (2018), Strategic Management, Himalaya Publishing House

3. Balwani, N. (2002). Strategic Management and Business Policy. New Delhi: Excel Books

4. Strategic Management – N.K Shree Varahan, Rinky Rajwani, Jeet. D. Joshi, HPH

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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 subject deals with investment analysis and portfolio management. Students are taught investment process, functioning of security markets, valuation of bonds, equity and risk management. Students are trained on fundamental analysis, technical analysis and efficient market hypothesis. In addition, portfolio theories and asset pricing models are discussed

Micro and macroeconomic concepts, Investment objectives, Process, Constraints, Investment strategy, investment v/s speculation, Arbitrage, Types of investors, Investment avenues

Micro and macroeconomic concepts, Investment objectives, Process, Constraints, Investment strategy, investment v/s speculation, Arbitrage, Types of investors, Investment avenues

Concept of risk and return, Measurement, Classification of Risks, Diversification, Statistical tools used in risk management, Techniques of risk mitigation, beta coefficient.

Concept of risk and return, Measurement, Classification of Risks, Diversification, Statistical tools used in risk management, Techniques of risk mitigation, beta coefficient.

Fundamental analysis – Economic, Industry and Company analysis, Technical analysis - Charting tools, Dow theory, tools of technical analysis, market structure, market indicators, Efficient market Hypothesis - Random walk, Forms of efficiency, Techniques for measuring efficiency, Empirical tests

Fundamental analysis – Economic, Industry and Company analysis, Technical analysis - Charting tools, Dow theory, tools of technical analysis, market structure, market indicators, Efficient market Hypothesis - Random walk, Forms of efficiency, Techniques for measuring efficiency, Empirical tests

Concept, Bond valuation, Bond duration, Equity valuation, two stage and three stage models

Concept, Bond valuation, Bond duration, Equity valuation, two stage and three stage models

Introduction, Portfolio theories, Portfolio risk management through diversification, Measuring portfolio efficiency, Markowitz model, Sharpe portfolio optimization model, Capital asset pricing model (CAPM), Arbitrage pricing theory

Introduction, Portfolio theories, Portfolio risk management through diversification, Measuring portfolio efficiency, Markowitz model, Sharpe portfolio optimization model, Capital asset pricing model (CAPM), Arbitrage pricing theory

Overview, Calculating and averaging returns, Abnormal Performance and Risk Adjustments, Market Timing, Performance measures - Sharpe, Jensen, Treynor Model. Portfolio Revision and Management Tactical asset allocation, Portfolio optimization, Factor models of returns, Active-passive management

Overview, Calculating and averaging returns, Abnormal Performance and Risk Adjustments, Market Timing, Performance measures - Sharpe, Jensen, Treynor Model. Portfolio Revision and Management Tactical asset allocation, Portfolio optimization, Factor models of returns, Active-passive management

2. Ronald. J. Jordan and Donald E. Fischer. (2013) Security Analysis and Portfolio Management, 6th edition, Pearson

3. M. Ranganathan and R. Madhumathi. (2012) Security Analysis And Portfolio Management, 2nd edition, Pearson

2. Bodie, Kane and Marcus. (2013) Investment Analysis, 10th edition, Tata McGraw Hill

3. Rustagi R P. (2013) Investment Analysis and Portfolio Management, 4th edition, Sultan Chand and Sons Educational Publishers, New Delhi

4. Frank K. Reilly and Keith C. Brown. (2002) Investment Analysis and Portfolio Management, 7th Edition, Cengage Learning Publishers

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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. 

The aim of the course is to equip students with the knowledge of emerging commodities derivatives trading practices in India. Further, the regulatory framework of these markets will also be highlighted. 

Meaning, History and Origin, Elements of a Derivative Contract, Types of Derivatives, Types of Underlying Assets, Participants in Derivatives Market, Application of derivatives for risk management and speculation 

Meaning, History and Origin, Elements of a Derivative Contract, Types of Derivatives, Types of Underlying Assets, Participants in Derivatives Market, Application of derivatives for risk management and speculation 

Models of pricing futures- Cost of Carry model, expected price Theory and Normal Backwardation theory models, Beta Management of Stock portfolios, Interest rate swaps-Pricing and valuation, Arbitrage using Futures on stocks and Indexes, Forward Rate Agreements (FRAs)

Models of pricing futures- Cost of Carry model, expected price Theory and Normal Backwardation theory models, Beta Management of Stock portfolios, Interest rate swaps-Pricing and valuation, Arbitrage using Futures on stocks and Indexes, Forward Rate Agreements (FRAs)

Options Contract Specifications, Terminologies, Call Option, Put Option, difference between Futures and Options, Trading of Options, Valuation of Options Contract, Factors Affecting Option Premium, Payoff Charts and Diagrams for Option Contract, Basic Understanding of Option Strategies- strategies such as Straddle, strip, strap and strangle. Spread strategies such as call spread, put spread, butterfly spread, condor spread, iron butterfly and iron condor. Options Valuation - Binominal Model for valuation, Black and Scholes Model, Put call parity model of valuation

Options Contract Specifications, Terminologies, Call Option, Put Option, difference between Futures and Options, Trading of Options, Valuation of Options Contract, Factors Affecting Option Premium, Payoff Charts and Diagrams for Option Contract, Basic Understanding of Option Strategies- strategies such as Straddle, strip, strap and strangle. Spread strategies such as call spread, put spread, butterfly spread, condor spread, iron butterfly and iron condor. Options Valuation - Binominal Model for valuation, Black and Scholes Model, Put call parity model of valuation

Introduction to Commodities Markets: Meaning, History and Origin, Types of Commodities Traded, Structures of Commodities Market in India, Participants in Commodities Market, Trading in Commodities in India, Commodity Exchanges

Introduction to Commodities Markets: Meaning, History and Origin, Types of Commodities Traded, Structures of Commodities Market in India, Participants in Commodities Market, Trading in Commodities in India, Commodity Exchanges

Meaning and concept, SEBI guidelines, trading mechanism, learning mechanism role of NSCCL, settlement mechanism, types of settlement, accounting and taxation aspect of derivatives trade.

Meaning and concept, SEBI guidelines, trading mechanism, learning mechanism role of NSCCL, settlement mechanism, types of settlement, accounting and taxation aspect of derivatives trade.

2. Yadav Surendra S, Jain PK, Foreign exchange markets: understanding derivatives and other instruments

3. Hull John C. - Options, Futures and other derivatives

4. Patrick Boyle, Jesse McDougall (2018). Trading and Pricing Financial Derivatives – A guide to Futures, Options and Swaps. (2^nd Edition)

2. Bhalla V K - Financial Derivatives

3. Neil.C.Schofield, Commodity Derivatives Markets and Applications, Wiley

4. John C Hull (2017). Options, Futures, and Other Derivatives, Global Edition.

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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 will examine the way in which business and society make an assessment of, control and transfer risk. The goal of this course is to engage students in active discovery of risk management principles. This course focuses on the ways in which businesses and society assess, control, and transfer risk. This process, known as the risk management process, is becoming an increasingly important tool in the management of business and personal financial health. An effective and efficient enterprise risk management program leads to knowledge and control of costs and an improved bottom line. An effective risk management program will reduce losses, and improve financial performance and employee morale.

Concept, Risk and Uncertainty, Sources and Types of Risk, Information Technology Risk, Upside and downside risks, Risk arising from internal and external sources, Risk arising from international operations, Strategic and Operational Risks, Impact of business risk, Identify and assess the impact upon the stakeholders involved in business risk.

Concept, Risk and Uncertainty, Sources and Types of Risk, Information Technology Risk, Upside and downside risks, Risk arising from internal and external sources, Risk arising from international operations, Strategic and Operational Risks, Impact of business risk, Identify and assess the impact upon the stakeholders involved in business risk.

Enterprise Risk Management – COSO ERM Frameworks, Risk Register, Risk Strategy – Formulation and features, Risk Management Cycle – Identify Risks, Assess Risk, Quantification, Risk mapping, Risk response, Implement and Allocate resources, Risk Management Roles and Responsibilities, Monitoring of Controls, Risk reporting, Gross Risk and Net Risk, Review, Evaluating Risks Management Strategy, ISO 31000 Risk Management Checklist.

Enterprise Risk Management – COSO ERM Frameworks, Risk Register, Risk Strategy – Formulation and features, Risk Management Cycle – Identify Risks, Assess Risk, Quantification, Risk mapping, Risk response, Implement and Allocate resources, Risk Management Roles and Responsibilities, Monitoring of Controls, Risk reporting, Gross Risk and Net Risk, Review, Evaluating Risks Management Strategy, ISO 31000 Risk Management Checklist.

Meaning of Strategy, Levels of Strategy, Strategic Planning Process – Risk of Formal Planning, Emergent Strategies, Logical Incrementalism, Approaches to Strategic Planning - Traditional approach, Market-led approach, Resource-based approach, Key Risks, Strategic Analysis and choice – Product Market Strategy, Ansoff matrix and risks, Acquisition and its risks, Competitive Strategy – Cost Leadership, Differentiation, Focus Strategy and its risks, Joint methods of expansion and its risks, Stress testing, Scenario Planning, Game theoretical approaches to strategic planning. Reputational Risk - Societal, Environmental and Ethical considerations, Management of Reputational Risk.  

Meaning of Strategy, Levels of Strategy, Strategic Planning Process – Risk of Formal Planning, Emergent Strategies, Logical Incrementalism, Approaches to Strategic Planning - Traditional approach, Market-led approach, Resource-based approach, Key Risks, Strategic Analysis and choice – Product Market Strategy, Ansoff matrix and risks, Acquisition and its risks, Competitive Strategy – Cost Leadership, Differentiation, Focus Strategy and its risks, Joint methods of expansion and its risks, Stress testing, Scenario Planning, Game theoretical approaches to strategic planning. Reputational Risk - Societal, Environmental and Ethical considerations, Management of Reputational Risk.  

Evaluation of risk associated with governance, Risk Management Function, Independent Assessment of the Risk Governance Framework, Risk Management disclosures in India, Descriptive and evaluation of framework for board level consideration of risk, OECD Guidelines for corporate governance, Internal Controls and Risk Management, COSO model of internal controls.

Evaluation of risk associated with governance, Risk Management Function, Independent Assessment of the Risk Governance Framework, Risk Management disclosures in India, Descriptive and evaluation of framework for board level consideration of risk, OECD Guidelines for corporate governance, Internal Controls and Risk Management, COSO model of internal controls.

Understanding Credit Risk, Components of Credit Risk, Measurement of credit risk in Banking Transactions and Factors affecting Credit Risk, Types of Credit Facilities, Classification of Assets, Evaluating and Managing credit risk, Quantitative and Qualitative techniques of Credit Risk Management, Credit Scoring Methods.

Understanding Credit Risk, Components of Credit Risk, Measurement of credit risk in Banking Transactions and Factors affecting Credit Risk, Types of Credit Facilities, Classification of Assets, Evaluating and Managing credit risk, Quantitative and Qualitative techniques of Credit Risk Management, Credit Scoring Methods.

2. John J Hampton, ‘Fundamentals of Enterprise Risk Management: How Top Companies Assess Risk, Manage Exposure, and Seize Opportunity’

3. John Fraser, Betty J Simkins, ‘Enterprise Risk Management’

2. Fundamental of Risk Management, Paul Hopkins, KoganPage

3. Study Text of CA Final Course – Risk Management.

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 – 100 marks (3 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. 

The course is designed to provide advanced auditing standards to ensure due diligence. This course is designed to enable students to analyze, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments

Engagement acceptance, audit risk and planning, evidence and reporting

Engagement acceptance, audit risk and planning, evidence and reporting

Engagement acceptance, audit risk and planning, evidence and reporting

International regulatory frameworks for audit and assurance services (International Standards in Auditing and other related standards) - Money laundering – money laundering offences-risk based approach- acceptable guidance- Laws and regulations – ISA 250 – Consideration of laws and regulations in an audit of financial statements

International regulatory frameworks for audit and assurance services (International Standards in Auditing and other related standards) - Money laundering – money laundering offences-risk based approach- acceptable guidance- Laws and regulations – ISA 250 – Consideration of laws and regulations in an audit of financial statements

International regulatory frameworks for audit and assurance services (International Standards in Auditing and other related standards) - Money laundering – money laundering offences-risk based approach- acceptable guidance- Laws and regulations – ISA 250 – Consideration of laws and regulations in an audit of financial statements

Fundamental principles- Code of Ethics for Professional Accountants – The conceptual framework- current issues surrounding ethics - Fraud and error- ISA 240 (the auditor’s responsibilities relating to fraud in an audit of financial statements) – Auditor’s liability- limiting auditor’s liability- the expectation gap

Fundamental principles- Code of Ethics for Professional Accountants – The conceptual framework- current issues surrounding ethics - Fraud and error- ISA 240 (the auditor’s responsibilities relating to fraud in an audit of financial statements) – Auditor’s liability- limiting auditor’s liability- the expectation gap

Fundamental principles- Code of Ethics for Professional Accountants – The conceptual framework- current issues surrounding ethics - Fraud and error- ISA 240 (the auditor’s responsibilities relating to fraud in an audit of financial statements) – Auditor’s liability- limiting auditor’s liability- the expectation gap

Quality control (firm-wide) ISQC International Standards on Quality Control 1 – quality control for firms that perform audits and reviews of financial statements and other assurance and related services engagements- Elements of a system of Quality control. Applying ISQC1 proportionately with the nature and size of the firm. Advertising, tendering and obtaining professional work and fees. Professional appointments- Terms of audit engagements

Quality control (firm-wide) ISQC International Standards on Quality Control 1 – quality control for firms that perform audits and reviews of financial statements and other assurance and related services engagements- Elements of a system of Quality control. Applying ISQC1 proportionately with the nature and size of the firm. Advertising, tendering and obtaining professional work and fees. Professional appointments- Terms of audit engagements

Quality control (firm-wide) ISQC International Standards on Quality Control 1 – quality control for firms that perform audits and reviews of financial statements and other assurance and related services engagements- Elements of a system of Quality control. Applying ISQC1 proportionately with the nature and size of the firm. Advertising, tendering and obtaining professional work and fees. Professional appointments- Terms of audit engagements

Planning and conducting an audit of historical financial information 1. Planning, materiality and assessing the risk of material misstatement – ISA 300 (Planning an audit of financial statements- ISA 315 (Identifying and assessing the risks of material misstatement through understanding the entity and its environment)- ISA 330 (the auditor’s response to assess the risks) – Audit risk, risk of material misstatement- Business risk approach- ISA 320 (materiality in planning and performing an audit) ISA 520 (Analytical procedures) 2. Evidence and testing considerations- ISA 500 (Audit evidence) ISA 530 (Audit sampling) – ISA 510 (Initial audit engagements- opening balances) ISA 230 (Audit documentation) ISA 550 (related parties) ISA 402 (Audit considerations relating to an entity using a service organization) 3. Audit procedures and obtaining evidence- Matters relating to specific accounting issues- importance of financial reporting standards- audit of deferred tax- audit of inventories- financial instruments- audit of revenue- audit of leases- audit of retirement benefits – ISA 540 (Auditing accounting estimates including fair value accounting estimates and related disclosure) 

Planning and conducting an audit of historical financial information 1. Planning, materiality and assessing the risk of material misstatement – ISA 300 (Planning an audit of financial statements- ISA 315 (Identifying and assessing the risks of material misstatement through understanding the entity and its environment)- ISA 330 (the auditor’s response to assess the risks) – Audit risk, risk of material misstatement- Business risk approach- ISA 320 (materiality in planning and performing an audit) ISA 520 (Analytical procedures) 2. Evidence and testing considerations- ISA 500 (Audit evidence) ISA 530 (Audit sampling) – ISA 510 (Initial audit engagements- opening balances) ISA 230 (Audit documentation) ISA 550 (related parties) ISA 402 (Audit considerations relating to an entity using a service organization) 3. Audit procedures and obtaining evidence- Matters relating to specific accounting issues- importance of financial reporting standards- audit of deferred tax- audit of inventories- financial instruments- audit of revenue- audit of leases- audit of retirement benefits – ISA 540 (Auditing accounting estimates including fair value accounting estimates and related disclosure) 

Planning and conducting an audit of historical financial information 1. Planning, materiality and assessing the risk of material misstatement – ISA 300 (Planning an audit of financial statements- ISA 315 (Identifying and assessing the risks of material misstatement through understanding the entity and its environment)- ISA 330 (the auditor’s response to assess the risks) – Audit risk, risk of material misstatement- Business risk approach- ISA 320 (materiality in planning and performing an audit) ISA 520 (Analytical procedures) 2. Evidence and testing considerations- ISA 500 (Audit evidence) ISA 530 (Audit sampling) – ISA 510 (Initial audit engagements- opening balances) ISA 230 (Audit documentation) ISA 550 (related parties) ISA 402 (Audit considerations relating to an entity using a service organization) 3. Audit procedures and obtaining evidence- Matters relating to specific accounting issues- importance of financial reporting standards- audit of deferred tax- audit of inventories- financial instruments- audit of revenue- audit of leases- audit of retirement benefits – ISA 540 (Auditing accounting estimates including fair value accounting estimates and related disclosure) 

Completion, review and reporting 1. Subsequent events and going concern ISA 560, ISA 570 2. Completion and final review – Overall review of financial statements ISA 580 (Written representations) ISA 710 (Comparative information- corresponding figures and comparative financial statements), ISA 720 (Auditors responsibilities relating to other information’s) 3. Auditor’s reports- ISA 700 (Forming an opinion and reporting on financial statements) ISA 701 (Communicating KAM in the independent auditor’s report) ISA 705 (Modifications to the opinion in the independent auditor’s report) ISA 706 (Emphasis of Matter paragraphs and Other Matter paragraphs in the independent auditor’s report) 4. Reports to those charged with governance and management – ISA 260 (Communication with those Charged with Governance) ISA 265 (Communicating deficiencies in internal control to those Charged with Governance)

Completion, review and reporting 1. Subsequent events and going concern ISA 560, ISA 570 2. Completion and final review – Overall review of financial statements ISA 580 (Written representations) ISA 710 (Comparative information- corresponding figures and comparative financial statements), ISA 720 (Auditors responsibilities relating to other information’s) 3. Auditor’s reports- ISA 700 (Forming an opinion and reporting on financial statements) ISA 701 (Communicating KAM in the independent auditor’s report) ISA 705 (Modifications to the opinion in the independent auditor’s report) ISA 706 (Emphasis of Matter paragraphs and Other Matter paragraphs in the independent auditor’s report) 4. Reports to those charged with governance and management – ISA 260 (Communication with those Charged with Governance) ISA 265 (Communicating deficiencies in internal control to those Charged with Governance)

Completion, review and reporting 1. Subsequent events and going concern ISA 560, ISA 570 2. Completion and final review – Overall review of financial statements ISA 580 (Written representations) ISA 710 (Comparative information- corresponding figures and comparative financial statements), ISA 720 (Auditors responsibilities relating to other information’s) 3. Auditor’s reports- ISA 700 (Forming an opinion and reporting on financial statements) ISA 701 (Communicating KAM in the independent auditor’s report) ISA 705 (Modifications to the opinion in the independent auditor’s report) ISA 706 (Emphasis of Matter paragraphs and Other Matter paragraphs in the independent auditor’s report) 4. Reports to those charged with governance and management – ISA 260 (Communication with those Charged with Governance) ISA 265 (Communicating deficiencies in internal control to those Charged with Governance)

Professional and ethical developments -  Other current issues- current developments in auditing standards, business practices, emerging technologies and their impact on the audit.

Professional and ethical developments -  Other current issues- current developments in auditing standards, business practices, emerging technologies and their impact on the audit.

Professional and ethical developments -  Other current issues- current developments in auditing standards, business practices, emerging technologies and their impact on the audit.

2. Advanced Audit and Assurance, BPP Publications

3. CA G. Sekar, CA B Saravana Prasath - Advanced Auditing

4. ACCA – P7 Advanced Audir and Assurance (INT): Study Text

2. Knechel, W. R. (2017). Auditing: Assurance & risk (4th ed.). London: Routledge.

3. CA Surbhi Bansal – Auditing and Assurance.

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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. 

To apply the knowledge strategic management accounting techniques different business contexts

Introduction to strategic management accounting, Performance management and control of the Organization, Changes in business structure and management accounting, Effect of Information Technology (IT) on strategic management accounting, Other environmental and ethical issues

Introduction to strategic management accounting, Performance management and control of the Organization, Changes in business structure and management accounting, Effect of Information Technology (IT) on strategic management accounting, Other environmental and ethical issues

Introduction to strategic management accounting, Performance management and control of the Organization, Changes in business structure and management accounting, Effect of Information Technology (IT) on strategic management accounting, Other environmental and ethical issues

Changing business environment, Impact of external factors on strategy and performance

Changing business environment, Impact of external factors on strategy and performance

Changing business environment, Impact of external factors on strategy and performance

Performance management information systems, Sources of management information, Recording and processing methods, Management reports, Marginal Costing, Absorption Costing and Overheads.

Performance management information systems, Sources of management information, Recording and processing methods, Management reports, Marginal Costing, Absorption Costing and Overheads.

Performance management information systems, Sources of management information, Recording and processing methods, Management reports, Marginal Costing, Absorption Costing and Overheads.

Performance hierarchy, Strategic performance measures in private sector, Divisional performance and transfer pricing issues Strategic performance measures in not-for profit organizations, Non- financial performance indicators, The role of quality in management information, and performance measurement systems, Performance measurement and strategic human resource management issue, Performance measurement and the reward systems, Other behavioral aspects of performance Measurement 

Performance hierarchy, Strategic performance measures in private sector, Divisional performance and transfer pricing issues Strategic performance measures in not-for profit organizations, Non- financial performance indicators, The role of quality in management information, and performance measurement systems, Performance measurement and strategic human resource management issue, Performance measurement and the reward systems, Other behavioral aspects of performance Measurement 

Performance hierarchy, Strategic performance measures in private sector, Divisional performance and transfer pricing issues Strategic performance measures in not-for profit organizations, Non- financial performance indicators, The role of quality in management information, and performance measurement systems, Performance measurement and strategic human resource management issue, Performance measurement and the reward systems, Other behavioral aspects of performance Measurement 

Alternative views of performance measurement and management, Strategic performance issues in complex business structures, Predicting and preventing corporate failure.

Alternative views of performance measurement and management, Strategic performance issues in complex business structures, Predicting and preventing corporate failure.

Alternative views of performance measurement and management, Strategic performance issues in complex business structures, Predicting and preventing corporate failure.

Current developments in management accounting techniques, Current issues and trends in performance management Quantitative techniques- Simulation, Transportation and Assignment.

Current developments in management accounting techniques, Current issues and trends in performance management Quantitative techniques- Simulation, Transportation and Assignment.

Current developments in management accounting techniques, Current issues and trends in performance management Quantitative techniques- Simulation, Transportation and Assignment.

2. ACCA – P5 Advanced Performance Management (INT): Study Text

3. A. N Sarma (2019). Performance Management Systems. Himalaya Publishing House

2. Davinder Sharma (2014). Performance Appraisal and Management. Himalaya Publishing House

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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. 

Designed to create awareness among students regarding the legal system, the course gives a broad understanding of the principles, sources, processes, personal laws, obligations and institutions of law that transcend national boundaries. Focusing on current trends in the business world, the course is designed to provide international insights in the legal arena

Sources of law, court structure, operation of court, interpretation of statutes.

Sources of law, court structure, operation of court, interpretation of statutes.

Sources of law, court structure, operation of court, interpretation of statutes.

Definition, types and elements of Contracts-Offer and Acceptance-Consideration-Capacity of Parties-Free Consent

Legality and Objects of consideration, Void agreements, Performance of contract, Discharge of Contract, Breach and Remedies, Privacy of Contract.

Definitions, title to goods, contract of sale of goods, conditions and warranties, transfer of property. Performance of a contract of sale, rights of unpaid seller.

Definition, types and elements of Contracts-Offer and Acceptance-Consideration-Capacity of Parties-Free Consent

Legality and Objects of consideration, Void agreements, Performance of contract, Discharge of Contract, Breach and Remedies, Privacy of Contract.

Definitions, title to goods, contract of sale of goods, conditions and warranties, transfer of property. Performance of a contract of sale, rights of unpaid seller.

Definition, types and elements of Contracts-Offer and Acceptance-Consideration-Capacity of Parties-Free Consent

Legality and Objects of consideration, Void agreements, Performance of contract, Discharge of Contract, Breach and Remedies, Privacy of Contract.

Definitions, title to goods, contract of sale of goods, conditions and warranties, transfer of property. Performance of a contract of sale, rights of unpaid seller.

Assault, battery, false imprisonment, detinue, duress, trespass, negligence, libel, defamation

Assault, battery, false imprisonment, detinue, duress, trespass, negligence, libel, defamation

Assault, battery, false imprisonment, detinue, duress, trespass, negligence, libel, defamation

Interpretation by courts, declaration of incompatibility, remedial orders, ECHR articles, case laws

Interpretation by courts, declaration of incompatibility, remedial orders, ECHR articles, case laws

Interpretation by courts, declaration of incompatibility, remedial orders, ECHR articles, case laws

Employer and employee definitions, terms and conditions of employment contract, concepts of dismissal and remedies, case laws

Employer and employee definitions, terms and conditions of employment contract, concepts of dismissal and remedies, case laws

Employer and employee definitions, terms and conditions of employment contract, concepts of dismissal and remedies, case laws

Fraudulent and criminal behaviour , Recognise the nature and legal control over insider dealing, Recognise the nature and legal control over market abuse, monopolistic practices, Recognise the nature and legal control over money laundering, Recognise the nature and legal control over bribery. ,Discuss potential criminal activity in the operation, management and liquidation of companies, Recognise the nature and legal control over fraudulent and wrongful trading, Benami transactions

Fraudulent and criminal behaviour , Recognise the nature and legal control over insider dealing, Recognise the nature and legal control over market abuse, monopolistic practices, Recognise the nature and legal control over money laundering, Recognise the nature and legal control over bribery. ,Discuss potential criminal activity in the operation, management and liquidation of companies, Recognise the nature and legal control over fraudulent and wrongful trading, Benami transactions

Fraudulent and criminal behaviour , Recognise the nature and legal control over insider dealing, Recognise the nature and legal control over market abuse, monopolistic practices, Recognise the nature and legal control over money laundering, Recognise the nature and legal control over bribery. ,Discuss potential criminal activity in the operation, management and liquidation of companies, Recognise the nature and legal control over fraudulent and wrongful trading, Benami transactions

End Semester Examination (ESE)50%

Mid Semester Examination (CIA-2)25%

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

Attendance  05%

Total 100%

•Written Examinations consist 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 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 that paper. 

This subject deals with Corporate Valuation, Mergers and Acquisitions. Students are taught the concepts of corporate valuation, corporate restructuring, shareholder value creation and financial engineering. Approaches to Value Based Management and different forms of corporate restructuring are discussed. Students are also trained to value Mergers and Acquisitions.

Introduction, Constituents, Financial planning, Capital allocation and Corporate strategy, capital structure and firm value, dividend policy and firm value

Introduction, Constituents, Financial planning, Capital allocation and Corporate strategy, capital structure and firm value, dividend policy and firm value

Introduction, Constituents, Financial planning, Capital allocation and Corporate strategy, capital structure and firm value, dividend policy and firm value

Introduction, Approaches - Adjusted Book Value Approach, Stock and Debt Approach, Comparable Companies Approach, Discounted Cash Flow Approach - Concept of Free Cash Flow to the Firm, Two and Three Stage Valuation Models, Valuation of Physical Assets, Valuation of Intangible Assets 

Introduction, Approaches - Adjusted Book Value Approach, Stock and Debt Approach, Comparable Companies Approach, Discounted Cash Flow Approach - Concept of Free Cash Flow to the Firm, Two and Three Stage Valuation Models, Valuation of Physical Assets, Valuation of Intangible Assets 

Introduction, Approaches - Adjusted Book Value Approach, Stock and Debt Approach, Comparable Companies Approach, Discounted Cash Flow Approach - Concept of Free Cash Flow to the Firm, Two and Three Stage Valuation Models, Valuation of Physical Assets, Valuation of Intangible Assets 

Shareholder value creation - Traditional and modern approaches, Value drivers, Approaches to Value Based Management - Marakon Approach, Alcar Approach, Mc Kinsey Approach, Economic Value-Added Approach, BCG HOLT Approach, Metrics for Measurement of Performance, Executive Compensation and Value Creation, Employee Stock Option Plans 

Shareholder value creation - Traditional and modern approaches, Value drivers, Approaches to Value Based Management - Marakon Approach, Alcar Approach, Mc Kinsey Approach, Economic Value-Added Approach, BCG HOLT Approach, Metrics for Measurement of Performance, Executive Compensation and Value Creation, Employee Stock Option Plans 

Shareholder value creation - Traditional and modern approaches, Value drivers, Approaches to Value Based Management - Marakon Approach, Alcar Approach, Mc Kinsey Approach, Economic Value-Added Approach, BCG HOLT Approach, Metrics for Measurement of Performance, Executive Compensation and Value Creation, Employee Stock Option Plans 

Introduction, Forms of corporate restructuring - Spin off, split off, split up, Leveraged Buyout, Divestiture and other forms of corporate restructuring 

Introduction, Forms of corporate restructuring - Spin off, split off, split up, Leveraged Buyout, Divestiture and other forms of corporate restructuring 

Introduction, Forms of corporate restructuring - Spin off, split off, split up, Leveraged Buyout, Divestiture and other forms of corporate restructuring 

Mechanics of Merger - Legal, Accounting and Tax, Valuation of Mergers and Acquisitions, Financing of Merger and settlement, Takeovers

Mechanics of Merger - Legal, Accounting and Tax, Valuation of Mergers and Acquisitions, Financing of Merger and settlement, Takeovers

Mechanics of Merger - Legal, Accounting and Tax, Valuation of Mergers and Acquisitions, Financing of Merger and settlement, Takeovers

Financial Management in Knowledge Intensive Companies and Public Sector Companies, Financial Management in Sick Units, Financial Innovations and Financial Engineering - Overview, Scope, Tools of Financial Engineering, Financial Engineering versus Financial Analysis

Financial Management in Knowledge Intensive Companies and Public Sector Companies, Financial Management in Sick Units, Financial Innovations and Financial Engineering - Overview, Scope, Tools of Financial Engineering, Financial Engineering versus Financial Analysis

Financial Management in Knowledge Intensive Companies and Public Sector Companies, Financial Management in Sick Units, Financial Innovations and Financial Engineering - Overview, Scope, Tools of Financial Engineering, Financial Engineering versus Financial Analysis

2. Tim Koller. (2010) Valuation: Measuring and Managing the Value of Companies, 5th edition, McKinsey and Company Inc.

2. Robert. F. Bruner. (2004) Applied Mergers and Acquisitions, 3rd edition, Wiley

3. Samuel C Weaver and Fred Weston J. (2010) Mergers and Acquisitions, 1st edition, Tata Mcgraw Hill

4. Chandra Prasanna. (2011) Corporate Valuation and Creation, 1st edition, Tata McGraw Hill

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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 intends to provide an overview of the international finance including forex markets, risks and various avenues.

Globalization, Importance of international transactions, importance of IFM, IMS, Exchange rate regime, Gold Standard, Fiat Currency, Demand and supply of forex, Balance of payments, Balance of Trade, Bilateral and multilateral agreements relating to financial transactions, Flow of funds internationally through FDI and FII, Govt Policies regarding FII & FDI, Integration of global developments with the changing business environment in India.

Globalization, Importance of international transactions, importance of IFM, IMS, Exchange rate regime, Gold Standard, Fiat Currency, Demand and supply of forex, Balance of payments, Balance of Trade, Bilateral and multilateral agreements relating to financial transactions, Flow of funds internationally through FDI and FII, Govt Policies regarding FII & FDI, Integration of global developments with the changing business environment in India.

Globalization, Importance of international transactions, importance of IFM, IMS, Exchange rate regime, Gold Standard, Fiat Currency, Demand and supply of forex, Balance of payments, Balance of Trade, Bilateral and multilateral agreements relating to financial transactions, Flow of funds internationally through FDI and FII, Govt Policies regarding FII & FDI, Integration of global developments with the changing business environment in India.

Foreign Exchange Market Structure of the Foreign Exchange Market, Types of Transactions and Settlements, Exchange Rate Quotations and Arbitrage, Direct and indirect quote, Spot rate and forward rates, Swap Points, Currency premium and discount, triangular arbitrage

Foreign Exchange Market Structure of the Foreign Exchange Market, Types of Transactions and Settlements, Exchange Rate Quotations and Arbitrage, Direct and indirect quote, Spot rate and forward rates, Swap Points, Currency premium and discount, triangular arbitrage

Foreign Exchange Market Structure of the Foreign Exchange Market, Types of Transactions and Settlements, Exchange Rate Quotations and Arbitrage, Direct and indirect quote, Spot rate and forward rates, Swap Points, Currency premium and discount, triangular arbitrage

Discussion on devaluation of Rupee, Theories of Exchange Rate Determination, Fundamental International Parity Conditions, Purchasing Power and Interest Rate Parity, Fisher Effect and International Fischer Effect

Discussion on devaluation of Rupee, Theories of Exchange Rate Determination, Fundamental International Parity Conditions, Purchasing Power and Interest Rate Parity, Fisher Effect and International Fischer Effect

Discussion on devaluation of Rupee, Theories of Exchange Rate Determination, Fundamental International Parity Conditions, Purchasing Power and Interest Rate Parity, Fisher Effect and International Fischer Effect

The Concept of Hedging and Speculation, Currency Forwards, Currency Futures, Currency Options, Currency swaps

The Concept of Hedging and Speculation, Currency Forwards, Currency Futures, Currency Options, Currency swaps

The Concept of Hedging and Speculation, Currency Forwards, Currency Futures, Currency Options, Currency swaps

The Risk Management Process, Exposure Management, Transactions Exposure, Operations Exposure, Interest Rate Exposure, Financial Swaps and Credit Derivatives, Techniques of managing foreign currency exposures.

The Risk Management Process, Exposure Management, Transactions Exposure, Operations Exposure, Interest Rate Exposure, Financial Swaps and Credit Derivatives, Techniques of managing foreign currency exposures.

The Risk Management Process, Exposure Management, Transactions Exposure, Operations Exposure, Interest Rate Exposure, Financial Swaps and Credit Derivatives, Techniques of managing foreign currency exposures.

Bond Financing, Loan Financing, Equity Financing (GDR and ADR), International working capital management, Analysis of International Capital Budgeting, Cost of Capital of a Foreign Investment, Issues in Overseas Funding Choices

Bond Financing, Loan Financing, Equity Financing (GDR and ADR), International working capital management, Analysis of International Capital Budgeting, Cost of Capital of a Foreign Investment, Issues in Overseas Funding Choices

Bond Financing, Loan Financing, Equity Financing (GDR and ADR), International working capital management, Analysis of International Capital Budgeting, Cost of Capital of a Foreign Investment, Issues in Overseas Funding Choices

2. Apte P.G., Multinational Financial Management, New Delhi, Tata McGraw Hill

3. Seth A.K., International Financial Management, New Delhi, Galgotia Publishing Company

2. Eiteman, David K., Arthur Stonehill and Michael H. Moffett, Multinational Business Finance

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 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. 

The student conducts research on a self-chosen subject in the field of finance and accounts. The student participates in the research group under the supervising faculty member and writes a research report.

Research Project work will be starting from 5th semester and the final report submission along with the viva voce will be scheduled in the 6th semester.

It is a 4 credit course and exam is for total of 100 marks. This research work has to be conducted individually or in groups of 2 students together.

Research Project work will be starting from 5th semester and the final report submission along with the viva voce will be scheduled in the 6th semester.

It is a 4 credit course and exam is for total of 100 marks. This research work has to be conducted individually or in groups of 2 students together.

Research Project work will be starting from 5th semester and the final report submission along with the viva voce will be scheduled in the 6th semester.

It is a 4 credit course and exam is for total of 100 marks. This research work has to be conducted individually or in groups of 2 students together.

Viva voce: 50 marks