Syllabus for

Academic Year  (2024)

Course Description:  Provides working knowledge of auditing and inspection of accounts books of companies, firms etc.  It also includes legal provisions in this connection as per the Companies Act in India

Audit of Sole Proprietors - Audit of Partnership Firms - Audit of trading Companies - Audit of Manufacturing Companies - Audit of Cinema Hall - Audit of Leasing and Hire Purchase Company - Audit of Hotel - Audit of Hospital - Audit of Library - Audit of Co-operative Consumer Store - Audit of Club - Audit of Charitable Institution - Audit of Educational Institution - Audit of Public Enterprises - Audit of Government Companies - Audit of Local bodies. Audit of Banks - Audit of Insurance Companies - Audit of NBFCs - Auditing in an ERP environment - Audit of Public Sector Undertaking.

Audit of Sole Proprietors - Audit of Partnership Firms - Audit of trading Companies - Audit of Manufacturing Companies - Audit of Cinema Hall - Audit of Leasing and Hire Purchase Company - Audit of Hotel - Audit of Hospital - Audit of Library - Audit of Co-operative Consumer Store - Audit of Club - Audit of Charitable Institution - Audit of Educational Institution - Audit of Public Enterprises - Audit of Government Companies - Audit of Local bodies. Audit of Banks - Audit of Insurance Companies - Audit of NBFCs - Auditing in an ERP environment - Audit of Public Sector Undertaking.

SQC 1, SA 200, SA 220, SA 230, SA 240, SA 300, SA 315, SA 320, SA 330, SA 402, SA 450, SA 500, SA 501, SA 520, SA 700, SA 705

SQC 1, SA 200, SA 220, SA 230, SA 240, SA 300, SA 315, SA 320, SA 330, SA 402, SA 450, SA 500, SA 501, SA 520, SA 700, SA 705

Legal framework of corporate governance and Listing Order Disclosure Requirement regulation 2015, Role of Audit committee, Role of Auditor, Role of Auditor in audit Committee and certification of Compliance of conditions of corporate Governance, Obligation of Director and senior management.

Legal framework of corporate governance and Listing Order Disclosure Requirement regulation 2015, Role of Audit committee, Role of Auditor, Role of Auditor in audit Committee and certification of Compliance of conditions of corporate Governance, Obligation of Director and senior management.

Title – Addressee – Introductory Paragraph – Scope Paragraph – Opinion Paragraph- Date of Report – Place of Signature – Auditors Signature – Types of Audit Report – Unqualified/Clean Opinion – Modified opinion – Qualified opinion – Adverse or negative opinion – Disclaimer of Opinion – Features of a good Report – Features of Qualified Report – Audit Certificates vs. Audit Reports – Explanatory Notes vs. Qualificatory Notes.

Title – Addressee – Introductory Paragraph – Scope Paragraph – Opinion Paragraph- Date of Report – Place of Signature – Auditors Signature – Types of Audit Report – Unqualified/Clean Opinion – Modified opinion – Qualified opinion – Adverse or negative opinion – Disclaimer of Opinion – Features of a good Report – Features of Qualified Report – Audit Certificates vs. Audit Reports – Explanatory Notes vs. Qualificatory Notes.

Meaning, Objective and scope of Peer review and quality review, Role of peer review board and Quality review board, Applicability and selection of audit firms, Peer Review process and Quality review process.

Meaning, Objective and scope of Peer review and quality review, Role of peer review board and Quality review board, Applicability and selection of audit firms, Peer Review process and Quality review process.

Concept of Due diligence, Investigation and Forensic Audit, Differentiate between Audit and Investigation, Purpose of due diligence and content of its report, Forensic Audit techniques and content of its report.

Concept of Due diligence, Investigation and Forensic Audit, Differentiate between Audit and Investigation, Purpose of due diligence and content of its report, Forensic Audit techniques and content of its report.

1.ICAI study material

2.Vikas Oswal. Advanced Auditing and Professional Ethics.  Wolters Kluer.

3. S.Sekhar, B.Saravanna Prasath.  Auditing and Assurance. Wolters Kluer.

 1.B. N. Tandon. Auditing, S. Chandra & Co. Ltd., Delhi.

 2.Kamal Gupta, Ashok Arora.  Fundamentals of Auditing. New Delhi: Tata McGraw Hill.

 3.D. P. Jain. Auditing, Delhi: Konark Publishes Pvt. Ltd.

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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. 

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.

Overview: Meaning, Objectives, Types of research, significance of research, research process, criteria of good research, Ethics in research. Research Problem: Identification, selection and Defining research problem. Review of Literature; Research Hypothesis; Research Variables

Overview: Meaning, Objectives, Types of research, significance of research, research process, criteria of good research, Ethics in research. Research Problem: Identification, selection and Defining research problem. Review of Literature; Research Hypothesis; Research Variables

Research Design Meaning, Need for research design, features of a good design, Different Research Designs.

Sampling Design: Census and sample survey, steps in sampling design, criteria of selecting a sampling procedure, characteristics of a good sample design, different types of sampling designs- Probability and Non-Probability Sampling Design, Sampling v/s Non-Sampling Error; Determination of Sample Size

Research Design Meaning, Need for research design, features of a good design, Different Research Designs.

Sampling Design: Census and sample survey, steps in sampling design, criteria of selecting a sampling procedure, characteristics of a good sample design, different types of sampling designs- Probability and Non-Probability Sampling Design, Sampling v/s Non-Sampling Error; Determination of Sample Size

Data Collection:Sources of data collection, quantitative vs qualitative data collection, qualitative methods of data collection

Measurement and Scales: Meaning, types of measurement, classification of scales, measurement errors, criteria for good measurement,

Questionnaire: Meaning, questionnaire design procedure 

Data Collection:Sources of data collection, quantitative vs qualitative data collection, qualitative methods of data collection

Measurement and Scales: Meaning, types of measurement, classification of scales, measurement errors, criteria for good measurement,

Questionnaire: Meaning, questionnaire design procedure 

Steps in data processing; univariate, bivariate and multivariate analysis of data; Descriptive analysis- Measures of central tendency, dispersion, shapes, and relationship; Inferential analysis- stages in hypothesis testing, type I and type II error, Parametric and non-parametric tests; Data analysis using SPSS

Steps in data processing; univariate, bivariate and multivariate analysis of data; Descriptive analysis- Measures of central tendency, dispersion, shapes, and relationship; Inferential analysis- stages in hypothesis testing, type I and type II error, Parametric and non-parametric tests; Data analysis using SPSS

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

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

2. Krishnaswamy, K.N., Shivkumar, Appa Iyer and Mathiranjan M. (2006) Management Research Methodology; Integration of Principles, Methods and Techniques (Pearson Education, New Delhi)

3. Krishnaswami, O.R., Rangantham, & Harikumar, P.N. (2019). Research Methodology. Mumbai: Himalaya Publishing

4. Sinha S. C., & Dhiman, A. K. (2002). Research Methodology. New Delhi: Ess Ess Publications

5. Kothari C R Garg, G. (2014). Research Methodology: Methods and Techniques (3rd ed.). New Delhi: New Age International(P)Ltd Publisher.

2. Business Research Methods, William Zikmund, Barry Babin, Jon Carr, Mitch Griffin, Cengage

3. Business Research Methods, Naval Bajpai, Pearson Education

4. Donald R Cooper and Pamela S Schindler, Business Research Methods, Tata McGraw Hill Publishing Company Ltd

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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.

Course Description: Introduce to students the concepts of strategic management, and sensitize them to ethical norms in their professional functioning along with highlights the need for corporate governance in today’s business world.

Concept of Strategy, Nature, Scope, Process and importance of Strategic Management, Formal Planning and Strategic Intent, Strategic Planning Process, Strategic Management Vs. Operational Management, Ethics in Strategic Management, Concept of Mission and Vision, VMOST Model Constituents of Corporate Mission, Goals, Objectives, Hierarchy of strategy, Corporate, SBU, Functional, Importance of culture in strategy execution.

Concept of Strategy, Nature, Scope, Process and importance of Strategic Management, Formal Planning and Strategic Intent, Strategic Planning Process, Strategic Management Vs. Operational Management, Ethics in Strategic Management, Concept of Mission and Vision, VMOST Model Constituents of Corporate Mission, Goals, Objectives, Hierarchy of strategy, Corporate, SBU, Functional, Importance of culture in strategy execution.

Concept and Approaches to Strategic Formulation, Strategy Formulation framework, Developing Alternative Strategies, Environmental Scanning, SWOT analysis, Internal and External environmental analysis, Competition Analysis: Porter’s Five Forces Theory, Generic strategies, Competitive Advantage, Value chain analysis, Mckinesey’s 7s frame work

Concept and Approaches to Strategic Formulation, Strategy Formulation framework, Developing Alternative Strategies, Environmental Scanning, SWOT analysis, Internal and External environmental analysis, Competition Analysis: Porter’s Five Forces Theory, Generic strategies, Competitive Advantage, Value chain analysis, Mckinesey’s 7s frame work

Developing Alternative Strategies Stability, Growth, Turnaround, Retrenchment, Diversification, vertical integration, Horizontal integration, Strategic alliance, merger and acquisition, Divestment, Business Portfolio analysis– BCG & GEC matrix, Strategic Choice, Strategy communication and activation, Balance Scorecard. Strategic Implementation: Resource Allocation – budgets - Organization structure – Matching structure and strategy- Behavioural issues – Corporate Culture Strategic evaluation and control- Process - Types of controls

Developing Alternative Strategies Stability, Growth, Turnaround, Retrenchment, Diversification, vertical integration, Horizontal integration, Strategic alliance, merger and acquisition, Divestment, Business Portfolio analysis– BCG & GEC matrix, Strategic Choice, Strategy communication and activation, Balance Scorecard. Strategic Implementation: Resource Allocation – budgets - Organization structure – Matching structure and strategy- Behavioural issues – Corporate Culture Strategic evaluation and control- Process - Types of controls

Nature and scope of Ethics, Facts and value, Ethical subjectivism and Relativism, Moral Development, Ethics and Business, Application of Ethical theories in Business, Ethical Issues in Functional areas of Business

Nature and scope of Ethics, Facts and value, Ethical subjectivism and Relativism, Moral Development, Ethics and Business, Application of Ethical theories in Business, Ethical Issues in Functional areas of Business

Origin and Development of Corporate governance, Theories underlying Corporate Governance Separation of ownership and control, Corporate Governance Mechanism, Emphasis on Corporate governance, Ethics and Governance, Process and Corporate Governance, Models of Corporate Governance

Origin and Development of Corporate governance, Theories underlying Corporate Governance Separation of ownership and control, Corporate Governance Mechanism, Emphasis on Corporate governance, Ethics and Governance, Process and Corporate Governance, Models of Corporate Governance

2.     Charles W.L. Hill and Gareth R. Jones “Strategic Management: An Integrated Approach”, 12th Edition, Cengage Publishers, ISBN 13: 978-8131518373

3.     R. Srinivasan “Strategic Management - The Indian Context”, 5th Edition. PHI learning Pvt Ltd, ISBN: 978-81-203-5030-4

4.     S. Prabhakaran, Business Ethics and Corporate Governance, 1st Edition, Excel Books, ISBN 978-81-7446-782-9

5.   Thomas L. Wheelen & J. David Hunger, Strategic Management and Business Policy – Towards Global Sustainability, Pearson Publication ISBN 13: 978-0-13-215322-5

2.     Joshi, Rakesh Mohan (2009). International Business. Oxford University Press.

3.     Rao, P Subba (2014). International Business (4th Edition). Himalaya Publishing House.

4.     Hill, Charles W L (2011). Global Business Today (6th Edition). TMH.

5.     Daniel and Radebaugh (2010). International Business (12^th Edition). Pearson Education.

6.   Cherunilam, Francis. (2011). International Business (5^th Edition). PHI Learning Pvt Ltd.

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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.

Course Description:  This course builds on learners’ knowledge in direct taxation by providing them with an overview of key Indian income-tax provisions for domestic companies, including an introduction to various income-tax assessment proceedings.

Residential status of companies, income chargeable to tax, applicable tax rates for domestic companies - Minimum alternate tax: simple problems for computation of book profit, MAT credit - Additional income-tax on distributed profits, including ‘deemed dividend’ and additional income-tax on buyback of unlisted shares

Residential status of companies, income chargeable to tax, applicable tax rates for domestic companies - Minimum alternate tax: simple problems for computation of book profit, MAT credit - Additional income-tax on distributed profits, including ‘deemed dividend’ and additional income-tax on buyback of unlisted shares

Change in business ownership: share acquisition, slump sale, Reorganisation of business: amalgamation, demerger, conversion of sole proprietary concern/ partnership firm into company Transfer of assets between holding and wholly-owned subsidiaries

Change in business ownership: share acquisition, slump sale, Reorganisation of business: amalgamation, demerger, conversion of sole proprietary concern/ partnership firm into company Transfer of assets between holding and wholly-owned subsidiaries

Extant profit-linked exemptions/ deductions under Chapter III and Chapter VI‑A of the Income-tax Act based on nature or location of businesses carried on/ set up by domestic companies

Extant profit-linked exemptions/ deductions under Chapter III and Chapter VI‑A of the Income-tax Act based on nature or location of businesses carried on/ set up by domestic companies

Tax deduction at source on common payments by domestic companies: salary, payments to contractors, commission or brokerage, rent, transfer of certain immovable property, fees for professional or technical services, payments to non-residents/ foreign companies, Liability to pay advance tax, Consequences of failure to deduct or pay

Tax deduction at source on common payments by domestic companies: salary, payments to contractors, commission or brokerage, rent, transfer of certain immovable property, fees for professional or technical services, payments to non-residents/ foreign companies, Liability to pay advance tax, Consequences of failure to deduct or pay

Meaning of tax planning, tax avoidance, and tax evasion; differences, Introduction to General Anti-Avoidance Rule (GAAR), Tax management: meaning

Meaning of tax planning, tax avoidance, and tax evasion; differences, Introduction to General Anti-Avoidance Rule (GAAR), Tax management: meaning

PAN, obligation to file return of income, types of returns, Powers of income-tax authorities (in brief): enforcing attendance, examining on oath, compelling production of books of account and other documents, search and seizure, call for information, survey, inspecting registers of companies, Types of assessments: self-assessment, regular assessment, best judgment assessment, income escaping assessment, Time limits for completion of assessment, rectification of mistake, Appellate authorities (in brief), time limit to file appeals, Revision of orders by commissioner, Settlement of cases (in brief), introduction to settlement commission

PAN, obligation to file return of income, types of returns, Powers of income-tax authorities (in brief): enforcing attendance, examining on oath, compelling production of books of account and other documents, search and seizure, call for information, survey, inspecting registers of companies, Types of assessments: self-assessment, regular assessment, best judgment assessment, income escaping assessment, Time limits for completion of assessment, rectification of mistake, Appellate authorities (in brief), time limit to file appeals, Revision of orders by commissioner, Settlement of cases (in brief), introduction to settlement commission

2.   G. Shekar Direct Tax Laws for CA Final. Paduka Publications of 2020 edition.

3.   Dr. Girish Ahuja & Dr. Ravi Gupta – Professional Approach to Direct Tax laws. Bharat’s Publications of 2020 edition.

4.   Vinod Gupta Direct tax law and practice. VG learning (publisher) of 2020 edition.

5.  ICAI study material for CA Final. Latest edition of 2020.

2.   Vinod K Singhania. Students’ Guide to Income-tax. Taxmann Publications.

3.  Rajeev Puri. Corporate Tax Planning and Management. Kalyani Publications

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 subject deals with both 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, Beta coefficient.

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

1.Chandra Prasanna. (2013). Investment Analysis and Portfolio Management (4 Ed.). Tata McGraw Hill

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

3. M. Ranganathan and R. Madhumathi. (2012). Security Analysis and Portfolio Management (2 Ed.). Pearson.

1.S. Kevin. (2006). Security Analysis and Portfolio Management (3rd Ed.). Prentice Hall

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

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

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

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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. 

Course Description:  To familiarize the students with various concepts of cost and create cost consciousness among the students

Introduction to cost management, cost accounting to cost management, Strategic view of cost management

Introduction to cost management, cost accounting to cost management, Strategic view of cost management

TQM- Basics, stages, principles, control and corrective action, PRAISE- Steps, problems and implementation, PARETO Analysis, Quality costs

TQM- Basics, stages, principles, control and corrective action, PRAISE- Steps, problems and implementation, PARETO Analysis, Quality costs

Learning curve, Linear Progression, Assignment, Transportation, Simulation

Learning curve, Linear Progression, Assignment, Transportation, Simulation

Network analysis, application of PERT & CPM, features of PERT & CPM, PERT & CPM as a project control device, limitations of PERT & CPM, comparison of PERT & CPM as a control device

Network analysis, application of PERT & CPM, features of PERT & CPM, PERT & CPM as a project control device, limitations of PERT & CPM, comparison of PERT & CPM as a control device

Lifecycle costing, Target costing, Kaizen, Value analysis & Value engineering, throughput costing, back-flush costing and balanced score card

Lifecycle costing, Target costing, Kaizen, Value analysis & Value engineering, throughput costing, back-flush costing and balanced score card

2.Institute of Cost Accountants of India Material (ICAI)

3.Jain. S.P,Narang, K. L & Simmi Agrawal(2011). Cost Accounting (2 Ed.). New Delhi: Kalayani Publishers.

4.Arora M N. (2012). Methods and techniques of Cost Accounting (4Ed.). Himalaya Publishing House.

5. Institute of Chartered Accountants of India Material (ICAI)

2.Narang, J. (2012). Advanced Cost Accounting. New Delhi: Kalyani Publishing House.

3. Ravi M Kishore. Taxman’s Strategic Cost Management (5^th Edition)

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 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.

Pricing and valuation - futures and forwards, Forward Rate agreements, Valuation models- Cost of carrying model, expected price model, normal backwardation model, risk management using futures, management of portfolio beta using futures, futures arbitrage, introduction to currencies, commodity and interest rate futures.

Pricing and valuation - futures and forwards, Forward Rate agreements, Valuation models- Cost of carrying model, expected price model, normal backwardation model, risk management using futures, management of portfolio beta using futures, futures arbitrage, introduction to currencies, commodity and interest rate futures.

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, Options Valuation –Put call parity, Binominal Model for valuation, Black and Scholes Model, Introduction to swaps, functioning of interest rate swaps

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, Options Valuation –Put call parity, Binominal Model for valuation, Black and Scholes Model, Introduction to swaps, functioning of interest rate swaps

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.

1.Redhead Keith. Financial Derivatives: An introduction to futures, forwards, options and swaps

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

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

1.Bhaskar P Vijaya, Mahapatra B. Derivatives simplified: An introduction to risk management.

2. Bhalla V K. Financial Derivatives.

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 subject aims to help the student acquire the fundamentals of corporate accounting to have a general view and to apply it in the industry and business firms. It also teaches the technique of preparing the financial statement. This paper provides comprehensive understanding of corporate accounting practices and presentation of financial statements as per legal requirements in the organizations. It provides an overview of the corporate practice in maintaining the books as per accounting standards especially in company final accounts, alteration of shares, valuation of shares etc.,

Provisions of Companies Act on underwriting of shares, Determine the liability of underwriters where shares are fully underwritten, Accounting for these transactions, Accounting for firm undertaking of shares.

Provisions of Companies Act on underwriting of shares, Determine the liability of underwriters where shares are fully underwritten, Accounting for these transactions, Accounting for firm undertaking of shares.

Understand the meaning of buyback of shares, understand the concept of equity shares with differential rights and the procedure for issuing equity shares with differential rights

Understand the meaning of buyback of shares, understand the concept of equity shares with differential rights and the procedure for issuing equity shares with differential rights

Understand the meaning of the term reconstruction, Accounting for sub-divide and consolidate shares, conversion of stocks to shares, accounting for adjustments made at the time of internal reconstruction.

Understand the meaning of the term reconstruction, Accounting for sub-divide and consolidate shares, conversion of stocks to shares, accounting for adjustments made at the time of internal reconstruction.

Understanding and practical problems on the following Accounting Standards:

• Revenue Recognition
• Leases
• Ind AS 1: Presentation of Financial Statement
• Ind AS 8: Accounting Policies, Change in Accounting Estimates and Error
• Ind AS 103: Business Combinations

Understanding and practical problems on the following Accounting Standards:

• Revenue Recognition
• Leases
• Ind AS 1: Presentation of Financial Statement
• Ind AS 8: Accounting Policies, Change in Accounting Estimates and Error
• Ind AS 103: Business Combinations

Understand the concept and significance of valuation, terminology used in valuation models, implications of valuations of goodwill, computation of future maintainable profit, capital employed and computation of goodwill

Understand the concept and significance of valuation, terminology used in valuation models, implications of valuations of goodwill, computation of future maintainable profit, capital employed and computation of goodwill

Understand concept of Group, Holding Company and subsidiary Company, Apply consolidation procedure for consolidating Financial Statements of subsidiaries with the holding company, Prepare consolidated financial statements. The theory aspect of changes brought by Ind AS compared to AS

Understand concept of Group, Holding Company and subsidiary Company, Apply consolidation procedure for consolidating Financial Statements of subsidiaries with the holding company, Prepare consolidated financial statements. The theory aspect of changes brought by Ind AS compared to AS

1.Dr. D.S.Rawat. “Accounting Standards”, 5^th Edition, Taxmann Publications ISBN-13 : 978-8194924623]

2.CA & Dr. P C Tulsian “Accountancy”, S. Chand Publishing

3.S.P Jain and K.L Narang, “Advanced Accounting”, [ISBN-13: 978-9327252712]

4.Maheshwari S N & CA Sharad, “Advanced Accountancy – Vol. 1”, Eleventh Edition, Vikas Publishing [ISBN-13: 978-9325980679]

5. Shukla, “Advanced Accounts. (Vol-II.)”. New Delhi: S. Chand & Co, Nineteenth Edition [ISBN-13: 978-9325980679]

1.R.L.Gupta, “Advanced Accountancy. (Vol-I.)”, First Edition, Sultan Chand and Sons [ISBN-13: 978-9325980679]

2.Monga, J.R., “Fundamentals of Corporate Accounting” (3 Ed.). New Delhi: Mayur Paper Backs

3.CA G Sekar & CA B Saravana Prasath, “Advanced Accounting” 9^th Edition, Wolters Kluwer India Pvt Ltd [ISBN-13: 978-9386691637]

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 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.

1.  George E. Rejda: Principles of Risk Management & Insurance, Pearson: New Delhi.

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’

1.  Study Text of CIMA “Risk Management”, Kalpan Publication.

2.  Fundamental of Risk Management, Paul Hopkins, KoganPage.

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

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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. 

India has a diversified financial sector in which Banking and Insurance are fast evolving and witnessing a transformational change. Banking comprises nearly 90% of the total financial services sector of the country. Keeping these aspects in mind, this Course on Principles of Insurance and Banking has been designed to train students the basic concepts of Insurance and Banking. It provides a comprehensive view of “Yesterday, Today and Tomorrow of Indian Banking” by covering the financial architecture and the new products and technology that have invaded this sector. In addition to that this course focuses on imparting the knowledge of general principles and practices of both life and non-life insurance. 

Functions of Commercial Banks - Primary Functions, Secondary Functions and Various services, Classification of Banking Activities - Retail Banking, Corporate Banking/Wholesale Banking, Investment Banking, Universal Banking, Digital Banking - Net Banking, Mobile Banking, Virtual Banking, ATMs, Biometric Cards, Debit and Credit Cards, Smart Cards, Prepaid Instruments, NEFT, RTGS, NACH, ECS, AEPS, UPI, Bills Payments, E-Money - Digital Cash-Wallets.

Functions of Commercial Banks - Primary Functions, Secondary Functions and Various services, Classification of Banking Activities - Retail Banking, Corporate Banking/Wholesale Banking, Investment Banking, Universal Banking, Digital Banking - Net Banking, Mobile Banking, Virtual Banking, ATMs, Biometric Cards, Debit and Credit Cards, Smart Cards, Prepaid Instruments, NEFT, RTGS, NACH, ECS, AEPS, UPI, Bills Payments, E-Money - Digital Cash-Wallets.

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 Purchase & Discount - 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 (Inland and International), Retail Banking products - Consumer Loans, Vehicle Loans, Personal Loans, Home Loans etc, Financing MSMEs - Bank Finance for export import trade, Bancassurance.

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 Purchase & Discount - 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 (Inland and International), Retail Banking products - Consumer Loans, Vehicle Loans, Personal Loans, Home Loans etc, Financing MSMEs - Bank Finance for export import trade, Bancassurance.

Asset Classification, Income Recognition, Provisioning, Capital Adequacy, Basel Norms - I, II and III, Important recommendations of Narasimham Committee I II, NPAs - Overview of Insolvency and Bankruptcy Code, Policy Rates and Reserve Rates and their impact - CRR, SLR, Repo, Reverse Repo, Bank Rate, Base Rate, MCLR.

Asset Classification, Income Recognition, Provisioning, Capital Adequacy, Basel Norms - I, II and III, Important recommendations of Narasimham Committee I II, NPAs - Overview of Insolvency and Bankruptcy Code, Policy Rates and Reserve Rates and their impact - CRR, SLR, Repo, Reverse Repo, Bank Rate, Base Rate, MCLR.

NMFI - Inclusive Banking (Financial Inclusion) - PMJDY Accounts - Credit Scores and their relevance - Credit Rating and Rating Agencies - National Payment Corporation of India and its functions, Bank’s role in entrepreneurship development, Banking Ombudsman.         

NMFI - Inclusive Banking (Financial Inclusion) - PMJDY Accounts - Credit Scores and their relevance - Credit Rating and Rating Agencies - National Payment Corporation of India and its functions, Bank’s role in entrepreneurship development, Banking Ombudsman.         

Insurance, Meaning, Evolution and Scope of Insurance - Role and significance of insurance in personal and business activities - Classification of insurance - Principles of life insurance - History of life and general insurance business in India.  Insurance Industry after liberalization -Role of IRDAI.

Insurance, Meaning, Evolution and Scope of Insurance - Role and significance of insurance in personal and business activities - Classification of insurance - Principles of life insurance - History of life and general insurance business in India.  Insurance Industry after liberalization -Role of IRDAI.

Principles of contract and its applicability to insurance - Concept of insurable interest - Principles of indemnity, proximate cause, subrogation, contribution and sharing - Re-insurance - objectives - Issues and challenges in Indian Re-insurance.

Principles of contract and its applicability to insurance - Concept of insurable interest - Principles of indemnity, proximate cause, subrogation, contribution and sharing - Re-insurance - objectives - Issues and challenges in Indian Re-insurance.

Salient features of insurance policies - Types and functions of various insurance policies -modalities - Choice of insurance policy - Calculation of premium - The concept of HLV.          

Salient features of insurance policies - Types and functions of various insurance policies -modalities - Choice of insurance policy - Calculation of premium - The concept of HLV.          

Concept of General insurance - Types of general insurance - Motor insurance, Fire insurance, Medical, Health insurance and Marine insurance.

Concept of General insurance - Types of general insurance - Motor insurance, Fire insurance, Medical, Health insurance and Marine insurance.

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 8, Accounting policies, changes in accounting estimates and errors.

IAS 1, Presentation of financial statements

IFRS 15, Revenue from contracts with customers

IAS 8, Accounting policies, changes in accounting estimates and errors.

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

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 2: Share-based payment; IAS 37: Provisions, contingent liabilities and contingent assets; IAS 19: Employee benefits; IAS 12, Income taxes

IFRS 2: Share-based payment; IAS 37: Provisions, contingent liabilities and contingent assets; IAS 19: Employee benefits; IAS 12, Income taxes

IFRS 10: Consolidated Financial Statements

IFRS 10: Consolidated Financial Statements

IFRS 3: Business Combinations; IFRS 13: Fair Value Measurement; IFRS 32: Financial instruments – presentation; IFRS 9: Financial instrument; IFRS 7: Financial instruments – disclosures, IAS 21, The effects of changes in foreign exchange rates, IAS 7, Statement of cash flows

IFRS 3: Business Combinations; IFRS 13: Fair Value Measurement; IFRS 32: Financial instruments – presentation; IFRS 9: Financial instrument; IFRS 7: Financial instruments – disclosures, IAS 21, The effects of changes in foreign exchange rates, IAS 7, Statement of cash flows

1. IFRS and US GAAP – A comprehensive comparison – Steven E. Shamrock – John Wiley

2. IFRS explained – A guide to International Financial Reporting Standards by BPP Learning Media (Dec 2016)

3. https://www.ifrs.org/issued-standards/list-of-standards/

4. IFRS Green/Blue Book (published by www.ifrs.org on a yearly basis)

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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. 

To familiarize the students with the Goods and Service Tax laws in India

What is GST? Need for GST, Framework of GST, GSTN, Constitutional Provisions and its amendments for GST, GST council, Subsuming of Taxes, Definitions (Business, Goods, Services, Import of Service, consideration, Person, Taxable person, Taxable and non-taxable supply, Recipient, works contract etc), Introduction of CGST and IGST (dual model)

Schedule I (Activities to be treated as supply even if made without consideration), Schedule II (Activities to be treated as supply of Goods or services) and Schedule III (Negative list), Composite and mixed supply, Definitions (Intra state supply of Goods / services, Interstate supply, Reverse charge), Composition levy scheme, Exempted Goods and Services

Time of supply of Goods, Time of supply of goods under reverse charge, Time of supply of services , time of supply of services under reverse charge, Definitions (Input, Input service, Capital Goods, Input tax), eligible for taking Input tax credit, Apportionment of credit and blocked credits, Availability of credit in special circumstances, matching, reversal and reclaim of input tax credit. Computation of GST liability, value of supply

Definitions (Agriculturist, Fixed Establishment, Place of Business, Registered Person, Taxable person, Casual taxable person, Non-resident taxable person etc.,), Persons liable for registration, Compulsory registration, Persons not liable for registration, Amendment or cancellation of registration

Definitions (Authorised Bank, Electronic Cash Ledger, Electronic Credit Ledger, output tax etc.,), Interest on delayed payment of tax, Furnishing of Returns under GST and its due date, Matching of Input credit, Annual return

2. T.N. Manoharan. Indirect Tax Laws. Snowhite Publications

2. Rules made under GST

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 builds on learners’ knowledge in corporate taxation by providing them with an overview of taxation of foreign companies in India, both under the domestic law as well as under applicable double taxation avoidance agreements, besides providing special focus on laws related to transfer pricing.

·     Residential status, including implications of a foreign company having its ‘Place of Effective Management’ (POEM) in India

·     Incomes chargeable to tax for foreign companies, including significance of a ‘business connection’

·     Taxation of ‘indirect transfers’ (Vodafone case), simple cases

·     Applicable domestic tax rates, including ‘gross’ basis of taxation

·     Tax implications of amalgamation or demerger of foreign companies

·     Residential status, including implications of a foreign company having its ‘Place of Effective Management’ (POEM) in India

·     Incomes chargeable to tax for foreign companies, including significance of a ‘business connection’

·     Taxation of ‘indirect transfers’ (Vodafone case), simple cases

·     Applicable domestic tax rates, including ‘gross’ basis of taxation

·     Tax implications of amalgamation or demerger of foreign companies

·     ‘Source’ and ‘residence’ based taxation, meaning of double taxation

·     Bilateral relief, reading and interpreting Double Taxation Avoidance Agreements (DTAAs), requirement of tax residency certificate

a)   Basic structure of DTAAs

b)   Common definitions (along with significance): resident, permanent establishment, business profits, fees for technical/ included services (including ‘make available’ clause), royalties, and capital gains

c)   Simple cases of exemption and tax credit based on sample DTAAs

·     Unilateral relief in the absence of DTAAs, simple problems

·     ‘Source’ and ‘residence’ based taxation, meaning of double taxation

·     Bilateral relief, reading and interpreting Double Taxation Avoidance Agreements (DTAAs), requirement of tax residency certificate

a)   Basic structure of DTAAs

b)   Common definitions (along with significance): resident, permanent establishment, business profits, fees for technical/ included services (including ‘make available’ clause), royalties, and capital gains

c)   Simple cases of exemption and tax credit based on sample DTAAs

·     Unilateral relief in the absence of DTAAs, simple problems

Meaning of advance ruling, eligible applicants/ transactions, questions not to be admitted by the Authority for Advance Rulings (AAR), applicability of an advance ruling, circumstances in which an advance ruling is considered void

Meaning of advance ruling, eligible applicants/ transactions, questions not to be admitted by the Authority for Advance Rulings (AAR), applicability of an advance ruling, circumstances in which an advance ruling is considered void

• Introduction to Base Erosion and Profit Shifting (BEPS)
• Need for transfer pricing provisions, computation of income from international transactions, reference to Transfer Pricing Officer (TPO)
• Key definitions: Arm’s Length Price (ALP), international transaction, uncontrolled transaction, enterprise, associated enterprise
• Specified Domestic Transactions (SDTs): meaning, applicability of transfer pricing provisions to such transactions
• Transfer pricing documentation, accountant’s report, and international group reporting, including consequences of non-compliance

• Introduction to Base Erosion and Profit Shifting (BEPS)
• Need for transfer pricing provisions, computation of income from international transactions, reference to Transfer Pricing Officer (TPO)
• Key definitions: Arm’s Length Price (ALP), international transaction, uncontrolled transaction, enterprise, associated enterprise
• Specified Domestic Transactions (SDTs): meaning, applicability of transfer pricing provisions to such transactions
• Transfer pricing documentation, accountant’s report, and international group reporting, including consequences of non-compliance

·   Methods prescribed by Income-tax Rules for determination of arm’s length price: comparable uncontrolled price method, resale price method, cost plus method, profit split method, transactional net margin method

·     Factors for comparability with uncontrolled transactions, and determining the ‘most appropriate method’

·     Applicability of/ simple problems based on all methods, including impact of ‘tolerance band’

·     Cases of multiple ALPs: applicability of arithmetic mean and range concept (theory only)

·   Methods prescribed by Income-tax Rules for determination of arm’s length price: comparable uncontrolled price method, resale price method, cost plus method, profit split method, transactional net margin method

·     Factors for comparability with uncontrolled transactions, and determining the ‘most appropriate method’

·     Applicability of/ simple problems based on all methods, including impact of ‘tolerance band’

·     Cases of multiple ALPs: applicability of arithmetic mean and range concept (theory only)

·     Power to make safe harbour rules, applicability, extant safe harbour rules prescribed by the CBDT

·  Meaning and validity of APA, APA scheme in brief (including eligibility, pre-filing consultation, application procedure, rollback provisions, compliance, revision, cancellation, renewal), effect to APA during assessment proceedings

·     Meaning of MAP (in brief), sample cases

·     Power to make safe harbour rules, applicability, extant safe harbour rules prescribed by the CBDT

·  Meaning and validity of APA, APA scheme in brief (including eligibility, pre-filing consultation, application procedure, rollback provisions, compliance, revision, cancellation, renewal), effect to APA during assessment proceedings

·     Meaning of MAP (in brief), sample cases

2.   Vinod K Singhania. Students’ Guide to Income-tax. Taxmann Publications.

3.  Rajeev Puri. Corporate Tax Planning and Management. Kalyani Publications

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 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

Introduction, Constituents, Financial planning, Capital allocation and Corporate strategy

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 

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

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.

3.Prasanna Chandra, Corporate Valuation and Creation (1st Edition). Tata McGraw Hill

4.ICAI, CA Final, Study Material for Strategic Financial Management

5. Andrew J. Sherman and Milledge A. Hart. (2009). Mergers and Acquisitions from A-Z (2nd Edition). Tata McGraw Hill.

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.

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 purpose of this course is to give hands-on experience to students on cloud computing and help them to maintain the accounts of a firm independently

Sample Company Sign In-User Interface-Dashboard-Account and Settings-Chart of Accounts- Recent Transactions-Reports- Journal-Create an Invoice-Customer Invoice-Receive Payment-Income-A/R Aging Summary-Transaction Detail by Account-Company Snapshot-Sales Receipt-Enter a Bill-Journal Report

Sample Company Sign In-User Interface-Dashboard-Account and Settings-Chart of Accounts- Recent Transactions-Reports- Journal-Create an Invoice-Customer Invoice-Receive Payment-Income-A/R Aging Summary-Transaction Detail by Account-Company Snapshot-Sales Receipt-Enter a Bill-Journal Report

Set Up Your Account-Dashboard or Home Page-Navigation Bar-Chart of Accounts-Add Accounts-Edit Accounts-Batch-Edit-Company Administrator-User Roles and Access Rights-Accountant User-Audit Log

Set Up Your Account-Dashboard or Home Page-Navigation Bar-Chart of Accounts-Add Accounts-Edit Accounts-Batch-Edit-Company Administrator-User Roles and Access Rights-Accountant User-Audit Log

Journal Entry-Account List- Transaction Register-Expense Account Distribution-Sales Receipt-Add Customer-Add Non-Inventory Product/Service-Cash Sales-Sales Receipt Account Distribution-Transfer Account Distribution-Dashboard or Home Page-Bank Accounts-Profit and Loss-Expenses-Income-Sales-Reports-Journal-Trial Balance-Profit and Loss-Balance Sheet

Journal Entry-Account List- Transaction Register-Expense Account Distribution-Sales Receipt-Add Customer-Add Non-Inventory Product/Service-Cash Sales-Sales Receipt Account Distribution-Transfer Account Distribution-Dashboard or Home Page-Bank Accounts-Profit and Loss-Expenses-Income-Sales-Reports-Journal-Trial Balance-Profit and Loss-Balance Sheet

Account Reconciliation-Checking Account Register -Trial Balance-Accounts Payable: Vendors-Vendors Page-Create New Checks-New Vendors-Vendor Contact List-Audit Log-Inventory Products and Services-Vendor Transactions-Transaction Detail by Account Vendor Balance Summary- Customers and Sales-Customer Settings-Add Customers-Customer Invoices Sales Returns: Customer Credit-Inventory Valuation Summary -Vendor Balance Summary

Account Reconciliation-Checking Account Register -Trial Balance-Accounts Payable: Vendors-Vendors Page-Create New Checks-New Vendors-Vendor Contact List-Audit Log-Inventory Products and Services-Vendor Transactions-Transaction Detail by Account Vendor Balance Summary- Customers and Sales-Customer Settings-Add Customers-Customer Invoices Sales Returns: Customer Credit-Inventory Valuation Summary -Vendor Balance Summary

Closing the Fiscal Year-Post closing Trial Balance-Analyze Reports -List Reports vs. Balance or Totaled Reports -Customize Reports-Certification, Report Customization

Closing the Fiscal Year-Post closing Trial Balance-Analyze Reports -List Reports vs. Balance or Totaled Reports -Customize Reports-Certification, Report Customization

2.     Computerized Accounting with Quickbooks 5.0(1997) by Janet Horne, Publisher: Pearson

3.   Computer Accounting with QuickBooks Online 2nd Edition By Donna Kay, McGraw-Hill publication

2.     Rasananda Mohanty, Sanjay Kumar Satapathy Computer Application in Business Accounting, Himalaya Publishing House.

      3.   http://www.himpub.com/documents/Chapter1197.pdf

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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. 

Course Description: 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.

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

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

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

Students are evaluated for each course on the basis of written examination and continuous internal assessments. 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 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 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 in groups.

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 in groups.

Viva voce: 50 marks