Syllabus for
Master of Commerce (International Finance)
Academic Year  (2024)

Evaluation Pattern:

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 assessment. Each paper carries maximum of 100 marks and is evaluated as follows:

End Semester Examination (ESE)                                      :             50%

Mid Semester Examination (CIA-2)                                   :              25%

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

Attendance                                                                            :            05%

Total                                                   :          100%                         

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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.

Question Bank:

Subject wise Question Bank is prepared every semester to test the Conceptual, Application, Analytical and Problem solving skills of the students. These question banks are prepared by the faculty member teaching the subject and duly verified by the subject expert.

Continuous Internal Assessments:

CIA – 1 and 3: Continuous Internal Assessment

Written (reports) – Group or Individual, understanding of the subjects, Participative learning, Presentation and VIVA, Quiz, Multiple choice based test etc.

CIA – 2:  Continuous Internal Assessment - Mid Semester Exam

Mid Semester Exam marks will be taken for Internal Assessment. MSE marks will be reduced to 25 for this purpose.

Attendance:

The marks distribution for attendance is as follows:

95 – 100%       -           5 marks

90 – 94%         -           4 marks

85 – 89%         -           3 marks

80 – 84%         -           2 marks

76 – 79%         -           1 mark

The Department of Professional Studies (DPS) offers some of the most unique and inter-disciplinary courses in the field of commerce and management. It was established in the year 2002 as Centre for Career Advancement (CCA), and later upgraded to Department of Professional Studies in 2007. The department aims at professional training for wider career opportunities. This is achieved through value enhancement programmes (Add-on courses) along with the academic degrees to equip the students to meet the challenges and prospects of contemporary academia and the corporate sector. All courses of the department are conducted by academicians and highly qualified practicing professionals.

Soft Skills and Activity Sessions (SSA) are a compulsory component of every programme of the department and is assigned to make the students excel in soft skills, team work, communication, public speaking, debates, general knowledge etc. By the end of third year of UG and second year of PG, each student is expected to conduct at least two training sessions as a professional trainer in the other departments of the university or in other institutions.

Vision: To develop into a Centre of Excellence in Education, Training and Research in the field of Commerce and Management

Mission: To impart holistic education through state-of-the-art technology with the aim of producing professionals in the field of commerce and management, and also to launch new programmes to bridge the gap between academia and the corporate sector by meeting stakeholder requirements.

M Com (International Finance) programme aims to nurture finance professionals with specialized knowledge, skills, ethics and applied global competencies to understand and evaluate key financial issues at the domestic and international business arena.

India is fast emerging as an International Financial Centre, and this is creating an opportunity for a large number of finance professionals. The rapid pace of financial innovation has changed the landscape of the financial sector. The emerging global scenario necessitates organizations to look for Finance professionals with the capacity to analyses the complex problems and make effective business decisions. M Com (International Finance) programme is designed to develop professionals with specialized skills and applied global competencies in the areas of Strategic Financial Management, Wealth Management, and Risk Management catering to the contemporary needs of industry and academia.  This programme provides student-centric learning ambience backed with critical thinking and problem-solving capabilities necessary to understand and evaluate key financial issues at the domestic and international business arena.

Programme Outcome/Programme Learning Goals/Programme Learning Outcome:

PO2: Interpret and apply national and international compliance frameworks of Law and Taxation for organizational efficiency

PO3: Exhibit expertise of advanced fintech applications to enhance business operations and delivery of financial services.

PO4: Assume an advisory role by demonstrating comprehensive qualitative and quantitative proficiency in investment management and wealth creation.

PO5: Apply advanced knowledge of research and statistics to conduct independent research investigations and resolve real time business problems with specialized knowledge developed through experiential learning.

PO6: Demonstrate leadership traits, communication skills, digital proficiency, and innovative thinking for optimal performance in personal, professional, societal, and environmental domains.

PO7: Exhibit ethical values, social sensitivity, and a sense of equality to embrace diversity and inclusion and promote peaceful co-existence.

Programme Specific Outcome:

PSO2: To equip the students to evaluate factors that influence business operations and with the conceptual requirements and skills on preparation and interpretation of financial statements.

PSO3: To train students for an in-depth analysis of Investment, Portfolio Management and Corporate valuation and Restructuring

PSO4: To prepare the students to apply Statistical methods and proficient use of tools for modelling and analysis of business data.

PSO5: To inculcate research culture and its effective implementation in financial decision making and provide guidance to students to plan and undertake independent research work.

PSO6: To Train the students on teamwork, lifelong learning, and continuous professional development

PSO7: To create higher level of specialized career opportunities in domestic and global business arena.

Programme Educational Objective:

PE02: To equip the students to evaluate factors that influence business operations and with the conceptual requirements and skills on preparation and interpretation of financial statements

PE03: To train students for an in-depth analysis of Investment, Portfolio Management and Corporate valuation and Restructuring

PE04: To prepare the students to apply Statistical methods and proficient use of tools for modelling and analysis of business data

PE05: To inculcate research culture and its effective implementation in financial decision making and provide guidance to students to plan and undertake independent research work

PE06: To Train the students on teamwork, lifelong learning and continuous professional development

This course captures the fundamental aspects of Financial Accounting, Cost accounting & Management accounting. The purpose is to expose the students to the basic accounting systems needed for business decision-making.

Meaning of Business decisions and importance of business decisions. Meaning of accounting, basic concepts, terms used in business accounting. Types of accounts, Accounting equations and users of accounting information. Accounting concepts and conventions.Difference between financial, cost accounting and management accounting, Accounting Process. Financial statements. Preparation and presentation of financial statements

Meaning and importance of Financial Statements Analysis, Objectives of Financial Statements Analysis, Techniques of Financial Statement Analysis, Making financial decisions on the basis of Financial Statements.

Basic concepts of cost accounting. Objectives of Cost Accounting, Classification and analysis of costs, Relevant and irrelevant costs, differential costs, sunk costs, Preparation of Simple Cost sheet.

Material cost control, Procurement, Pricing of issues, Inventory control techniques, Fixation of various levels, Economic order quantity, material losses, Labour cost control, time keeping and time booking, Overheads, Collection, Classifications, allocation and apportionment of overheads.

Marginal costing, Break-even point, Cost Volume Profit analysis, Optimizing product mix, Pricing decisions. Budgeting - Cash and Flexible budgets only, Standard costing – Material and Labour Variances only.

2.     Managerial Accounting, Jawahar Lal, Himalaya Publishing House 

2.     Financial Cost and Management Accounting - P Periasamy

3.     Management Accounting - Madhu Vij

4.     Fundamentals of Management Accounting – H. V Jhamb

5.     Cost and Management Accounting – M N Arora

6.     Financial Accounting for Managers – Mr. Sanjay Dhmija, Pearson Publications

7.     Management Accounting – Mr. Anthony Atkinson, Robert Kaplan, Pearson

8.     Management Accounting – Mr. Khan and Mr. Jain, Tata McGraw Hill

9.     Financial Accounting part I – Mr. S. N. Maheshwari

        Accounting-Shukla Grewal

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                          

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 provides the coverage of a broader framework of various tools and strategies used for cost management and control. 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.

Functions of Financial Management, Objectives of Financial Management - Profit Maximization and Wealth Maximization, their social implications, Interface of Financial Management with other functional areas, Decisions of Finance, Organization of the Finance Function, Emerging Role of the Financial Manager in India, Overview of Indian Financial System

Cash Flow Measurement:- Importance – Challenges dependence and independence of cash flows in evaluating projects, Measures of risk and returns. NCF estimation DCF Techniques NPV vs. IRR Conflicts, Fisher‘s rate of intersection, Multiple IRRs, MIRR, Capital Rationing.

Inflation in capital budgeting, real vs. nominal discount rates. Risk Analysis in Capital Budgeting- Approaches to risk absorption- Expected Net Present Value (ENPV) - Payback method - Risk-Adjusted Discount rate - Use of Normal Distributions - Sensitivity analysis - Measurement of Project Risk- Risk analysis of Project Portfolios

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

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

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

Provides practical knowledge of international financial system and of generally accepted international financial market instruments and Global Governance of Financial Systems

Globally Integrated Order, The Bretton Woods Order, The Globalization of Financial Markets, The Collapse of the Gold Exchange Standard, The Evolving International Monetary Regime

Introduction – Meaning-International Financial system,Difference between International Monetary System(IMS) & International Financial System(IFS) 

Intervention in the Foreign Exchange Market- Balance of Payments – Exchange Rates Regimes in the International Financial System – Capital Controls 

International Financial Crises and Obstacles to Growth, Factors contributing to international financial crises, the effects of crises and controversies over how to respond, Perspectives on economic growth and poverty reduction.

Global Governance and International Standard Setting: International Financial Institutions, supervisory structures for financial conglomerates, the Financial Action Task Force, and financial crises from the 1990s and onwards

The International Legal Framework for International Financial Regulation: Two major regional trade agreements: The European Community's treaty regime and legislative framework and the North American Free Trade Agreement (NAFTA).

Meaning, Functions, Importance, Architecture, Flaws, and Legitimacy, the Role of International Financial Institutions in the Current Global Economy.

Types: Multilateral development banks, Bretton Woods institutions, Regional development banks, Bilateral development banks and agencies and Other regional financial institutions.

The International Monetary Fund (IMF), the World Bank Group (WBG) and the European Union (EU).

The World Bank -The World Bank and Its Affiliates: International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, The multilateral investment guarantee agency (MIGA), what does the World Bank do? , Where does the World Bank get its money? Who runs the World Bank?

International Monetary fund - Origins of IMF, Members and administration, statutory purposes, financial assistance

European Union (EU): What is the European Union and what is its purpose? How the EU works: the EU's powers

Meaning, motives for the internationalization financial transaction, sources for international funds, Segments of International Financial Markets; 1. Foreign Exchange Market 2. International Bond Market 3. International Equity Market 4. International Money Market 5. International Credit Market

1. International Bonds-Foreign bonds & Euro bonds, global bonds, straight bonds, Floating rate notes, convertible bonds, and cocktail bonds 2. Short term and medium term instruments- Euro notes, Euro Commercial papers and Medium term Euro notes

2.     Peter Isard, Globalization and the International Financial System: What's Wrong and What Can Be Done, Cambridge University Press.

Lessambo, Felix I (2019) International Financial Institutions and Their Challenges, Palgrave Macmillan US .

2.     Douglas D Evanoff , Andrew G Haldane  , George G Kaufman (2017). The New International Financial System

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                          

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 subject covers a wide range of topics such as microeconomics, macroeconomics, econometrics, and international economics. Students learn about economic theories, models, and real-world applications, enhancing their understanding of economic behaviors and systems.

Meaning and characteristics of Macro Economics. Scope and importance of macroeconomics. Basic issues of macroeconomics-Inflation, unemployment, Business cycles. Interdependence of Micro and Macro Economics. Inflation and its social costs. Types of inflation, Impact of inflation. Measures taken by the government to control inflation.

Functions of money; quantity theory of money; determination of money supply and demand; credit creation.

Phillips curve: Unemployment-reasons for unemployment in both developed and developing economies. Relationship between unemployment and inflation, Problem of Disguised unemployment in developing nations.

Classical and Keynesian systems; simple Keynesian model of income determination; IS-LM model; fiscal and monetary multipliers.

Short-run open economy models; Mundell-Fleming model; exchange rate determination; purchasing power parity; asset market approach; Dornbusch's overshooting model; monetary approach to the balance of payments; international financial markets.

Harrod-Domar model; Solow model; Golden rule; technological progress and elements

of endogenous growth                                                                                                     

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                          

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 objective of this course is to understand business decision making using statistical methodology to make better decisions. The students will learn to make sense of data along with the basics of statistical inference and hands-on implementation using software. Students will develop critical and integrative thinking in order to communicate the results of the analysis clearly in the context of the problem

Introduction to probability, Definition - Rules of probability, Bayes Rule, marginal, joint and conditional probabilities, Random variables – Probability distribution –Discrete & Continuous, Binomial, Poisson, Normal

Sampling, sampling distribution of mean, proportion, estimating the population mean using z-statistic and t-statistic, population proportion, population variance, sample size.

Introduction to hypothesis testing, meaning, steps, Type I and Type II Errors, parametric tests: hypothesis testing for single mean, proportion, difference of means and proportion using known and unknown s.d. Analysis of variance and designs of experiments, one way and two way analysis. 

Non parametric tests: Analysis of Categorical data, run test, Mann-whitney U test, Wilcoxon, kruskal wallis, spearmans rank correltion

Simple Correlation and regression analysis, multiple regression model with two independent variables, significance tests of the regression model and its coefficients. Residuals, standard error of the estimate and R², Building multiple regression models: non-linear models, indicator (Dummy variables), and multicollinearity.

Forecasting techniques – Qualitative and Judgmental forecasting – Delphi method; Statistical methods - moving average, method of least squares, exponential smoothing

2.    Anderson, D.R., Sweeny, D.J., Williams, T.A., Camm, J.D., Cochran, J.J. (2017). Statistics for business & economics, 14thEdition.Boston: Cengage Learning.

3.   T N Srivastava, ShailajaRego, Statistics for Management, Tata McGrawhill, Latest edition.

2.     S.C Gupta, Fundamentals of Statistics, 6th edition, Himalaya Publishing House, 2007

3.     ken black, Applied Business Statistics, 7^th edition, Wiley India Pvt Ltd

Douglas A Lind, William g Marchal, Samuel A Wathen(2017),Statistical Techniques in Business & Economics, 16th edition, McGraw-Hill

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 provides students with the opportunity to develop the skills needed to build financial models. The course primarily focuses on models used for valuation, capital budgeting, cost of capital and portfolio models and so on.

Introduction to financial modelling, Strengths and weaknesses of spreadsheets, Introduction to modelling, Understanding Advanced Features of Excel - Database Functions in Excel, Creating Charts, Using Forms and Control Toolbox, Understanding Finance Functions present in Excel, Creating Dynamic Models

Preparing common size statements directly from Trial Balance, Forecasting Financial Statements using Excel, Analyzing Financial Statements by using a Spreadsheet Model.

Organizing spreadsheets to move from sales revenues to after-tax cash flows; using Excel’s financial functions to calculate depreciation schedules; calculating financial measures of success, such as net present value and internal rate of return; using nested IF statements to determine the discounted years to break even.

Sensitivity Analysis using Excel, Scenario Manager, Other Sensitivity Analysis Features, creating two-variable input tables for sensitivity analysis; Different Statistical Distributions used in Simulation, Generating Random Numbers that follow a particular distribution, Building Models in Finance using Simulation, Monte-Carlo simulation.

Estimating betas with regression analysis, using daily, weekly, and monthly data, testing market efficiency, With regression analysis, With pivot tables, Recording and editing macros, Recording and editing macros

Determination of Value Drivers, DCF Valuation, Risk analysis of discounted cash flow models, Risk Analysis in Valuation

Mean-variance portfolio selection, Computing mean-variance portfolios, testing portfolio, performance, Portfolio selection, Bond portfolio selection, Determining Efficient Portfolio,

Black and Scholes Model in Excel, Real Options Valuation

      3.Simon Benninga, (2014), Financial Modeling, MIT Press 5th Edition.

Students are evaluated for each course on the basis of written examination and continuous internal assessment. Each paper carries maximum of 100 marks. It is practical course of 100 marks using MS Excel. Students will be evaluated through multiple CIA and ESE for 100 marks with weightage of 95% and attendance weightage of 5%.

Service-learning is an experiential learning pedagogy which happens outside the classrooms wherein students learn and develop civic knowledge and skills by actively participating in activities connected to a social cause. In order to nurture student's holistic development and to make an effective contribution to the society in a dynamic environment, the Department of Professional Studies, has introduced Service learning as a skill based 30 hours 2 credit course in the second semester of undergraduate programme.

The five components of the course include investigation, planning & preparation, action & reciprocity, reflection, demonstration of results and celebration. Students will be divided in to small groups under a faculty mentor who will guide and monitor the service-learning activities undertaken by each group. Each group will identify an activity focusing on some needs of the community which they will undertake and complete during the second semester. At the end of the semester, the students must prepare a report on the work done and also make a presentation using multimedia in which they will highlight their individual research and the project itself.

The five components of the course include investigation, planning & preparation, action & reciprocity, reflection, demonstration of results and celebration. At the end of the semester, the students must prepare a report on the work done and also make a presentation using multimedia in which they will highlight their individual research and the project itself.

1. Project Report : 25 Marks

2. Presentation and Viva: 25 Marks

(Total : 100 marks)  

The course will cover an in depth examination of financial report disclosures, with an emphasis on how firms use financial reporting for decision making. By the end of the course, students will be able to understand the content of important footnotes given in financial statements, and the tools to conduct financial analyses.

Differentiate between cost involved in inventories and costs recognized as expenses – Inventory valuation – Financial statement presentation of and disclosures relating to inventories – Inventory ratio analysis. 

Differentiate between costs that are capitalized and costs expensed. Financial reporting of intangible assets purchased, internally developed and acquired – Depreciation and amortization methods – Impairment, revaluation and de-recognition of long-lived assets -  Financial statement presentation of and disclosures relating to long-lived assets – Ratio analysis.

Accounting profit and taxable income – deferred tax liabilities and assets – Tax base of company assets and Liabilities – Tax rate changes and its impact on financial statements and ratios – Pre-tax accounting income and taxable income – Key provisions of income tax accounting in IFRS.

Initial recognition, initial measurement and subsequent measurement of bonds - Financial Statement presentation of and disclosures relating to debt. Financial reporting and analysis of lease from lessee’s and lessor’s perspective

Classification, measurement and disclosure under IFRS for a) Investments in financial assets b) Investments in associates c) Joint ventures d) Business combinations and e) Special purpose and variable interest entities

Types of post-employment benefit plans and its implications for financial reports – Measurement of Net pension benefit liability/assets – Components of defined benefit pension cost – Accounting for share-based compensation – Accounting for stock grants and stock options and its impact of financial statements.

Interpretation and Application of IFRS Standards. (2019). Wiley.

Financial Reporting and Analysis- CFA Level 2

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 attempts to develop a conceptual and analytical understanding of framework of evaluating financial instruments & markets and inculcates investment intelligence in students. The course aims to explain the investment process, functioning of security markets and valuation of equity and bonds.  Students are trained on fundamental analysis, technical analysis, theoretical and practical applications of portfolio management process.

Organization and Functioning of securities markets - What is a Market - Primary capital markets- secondary financial markets. Security market indexes - Stock market indexes- Bond market indexes. The investment setting - What is an investment - Measures of return and risk. The Asset Allocation decision - Individual investor life cycle- the need for a policy statement- Input to the policy statement- constructing the policy statement- the importance of asset allocation. Governance and ethical dimensions concerning investments.

Macro market analysis – Economic activity and security markets, Economic series and stock prices- the cyclical indicator approach etc. Industry analysis – Why do Industry analysis - The business cycle and stock valuation – Company analysis versus valuation of stock- Company analysis- Estimating intrinsic value- Additional measures of relative value- Analysis of growth companies - Valuation of Alternative Investments. Technical analysis – Advantages of technical analysis- Technical trading rules and indicators Efficient Capital Markets – Why should capital markets be efficient- Alterative efficient market Hypotheses- Tests and results of EMH- Implications of efficient capital markets

Estimated Value and Market Price, Major categories of Equity Valuation Models, Present Value models: The dividend discount model, Free Cash Flow Valuation model, Multiplier models, Asset-based valuation. Analysis and Valuation of Bonds – The fundamentals of Bond Valuation- computing bond yields, Bond duration

An introduction to Portfolio Management, Some background assumptions; Markowitz portfolio Theory, An introduction to asset pricing models – Capital Market Theory: An overview, The Capital Asset Pricing Model: Expected return and risk, the relationship between Systematic risk and return, The Market Portfolio: Theory Vs Practice Investment Characteristics of Assets, Return, variance, covariance, and other investment characteristics, Utility Theory and indifference curves, Portfolio of two or more risky assets, Efficient Frontier and Optimal investor portfolio, Multifactor Models of risk and return – Arbitrage Pricing Theory, Fama and French Model – Construction of an optimum portfolio

Equity portfolio management strategies – Passive Vs Active management- Overview of passive equity portfolio management strategies- Overview of active equity portfolio management strategies- An overview of style analysis- asset allocation strategies

Evaluation of Portfolio performance – Composite Portfolio Performance measures- Application of Portfolio performance measures- Evaluation of bond portfolio performance

Approaches to portfolio rebalancing, Issues in portfolio rebalancing, Frequency, Extensiveness, Transaction costs, Uses of index and futures funds, Equity Portfolio, Management Strategies, Active management, Dimensions, Optimal residual risk, Benchmark selection, Style, Types, Value, Growth, Size, Management, Rotation, Returns, Inconsistency, Style weights, Style drift, Limitations, Long-short strategies, The Treynor-Black Optimizing Model, Factor models, Contrarian strategies, Within industries, Specialized managers (e.g., REIT managers), Scope of active managers, Alpha sources, Portfolio segmentation techniques, Tracking error optimization, Setting tactical ranges, Market cap issues, Small cap portfolios, Quantitative management, Tax aware equity investing, Costs vs. Benefits of active management, Law Constrained active management, Effect of portfolio size, Passive management, Motivation, Economic impact

       4.Chandra Prasanna. (2020) Investment Analysis and Portfolio Management, 4th edition, Tata McGraw Hill

       3.Active Portfolio Management, Richard Grinold & Ronald Kahn

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:

End Semester Examination (ESE)                                      :             50%

Mid Semester Examination (CIA-2)                                   :              25%

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

Attendance                                                                            :            05%

Total                                                   :          100%                         

●       Written Examinations consists of:

▪         Mid Semester Exam – 50 marks (2 hours’ duration)

▪         End Semester Exam – 100 marks (3 hours’ duration)

●       A student should 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.

Provides working knowledge of auditing and of generally accepted auditing procedures, techniques and skills needed to apply them in audit and attestation engagements.

Contract of Indemnity, Contract of Guarantee, Kinds of Guarantee, Creditor, Surety. Bailment and its Kinds. Termination of Bailment, Finder of Lost Goods, Pledge or Pawn, Pledge by Non-owners, Pledgor and Pledgee. Contract of Agency.     

Concept of Wages; General Wage Theories; Need and scope of Minimum Wage; fair wage and living wage; Fixation of minimum wage Increments. Terms of employment and conditions of service.     

Salient features ofGATT, WIPO and TRIPS, Concept and Development of Intellectual Property Law in India. Global Law and Procedure Relating to Patents, Trade Marks and Copyrights. Global overview of consumer protection- FTC's Bureau of Consumer Protection stance on unfair, deceptive and fraudulent business practices. Role of ICPEN. Protection in India, Rights of Consumers, Nature and Scope of Remedies, Appearance before Consumer Dispute Redressal Forums            

Definition- Objectives of audit- Scope of audit- Types of audits- Inherent Limitations of Audit -Concept of Internal controls- Internal Control and auditor- Audit risk and elements of audit risk- Audit procedures- Audit Report – Types of reports- Types of Opinion- Elements of Audit report.

Group Audit specific considerations- Acceptance as group and component Auditor-Planning and performing the group Audit-Audit risks specific to a group Audit-Auditing the consolidated financial statements- Completion and review- Reporting- meaning of Transnational Audit- differences between normal audit and Transnational Audit.

Public sector audit requirements- Performance audit- Performance information-Planning an audit of performance information –Procedures- Reporting- Forensic Audit – Definitions- Acceptance considerations- Level of assurance- Planning and performing forensic audits- Reporting-Due diligence- Definitions and procedures.

             2. Kaplan, Advanced auditing and assurance- ISDC

      3. Vikas Oswal , Auditing and Assurance , CCH Learning series

      3. R.G.Saxena , Principles and Practice of Auditing- Himalaya Publishing House.

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 equips students with knowledge and skills involved in the basic research process that will simplify and provide more accuracy to their search of business intelligence. The course gives a blend of research methodology as rigorous process and application of the same in the business situations. The main approach of the course is skill building, where students will get hands-on experience in understanding the problems in a given business scenario, deducing the theory and concepts behind the problem, designing a rigorous and scientific research process, develop measuring instruments, using modern techniques for collecting data, using statistical software for analyzing data, report writing and disseminating findings.

Meaning of research, Objectives of Research, Significance of Research, Research and Scientific method, Objectivity, Importance of knowing how research is done, Types and Methods of research, research process, Criteria of good research, Limitations of research, Ethics in research.

Meaning of a Research problem, Selecting the problem, Necessity of defining the problem, Techniques involved in defining a problem, Meaning of Research design, Need for Research Design, Basic features of a good design, importance concepts relating to research design, Different Research Designs – Exploratory research Design & Conclusive Research Design: Descriptive Research & Causal Research, Basic Principles of Experimental Designs. Framing Hypothesis and steps in testing hypothesis 

Introduction, Sampling techniques or methods, Probability sampling techniques: Simple Random Sampling, Systematic Sampling, Stratified Sampling, Cluster Sampling, Non Probability Sampling: Convenient Sampling, Judgment Sampling, Quota Sampling, Snowball Sampling, Sampling Design & Sampling technique, Sample size, sampling & NonSampling Errors. 

Concept of Measurement, Types of measurement Scales, Collection of Primary Data, Collection of data through Questionnaire, Collection of Data through Schedule, Difference between Questionnaires and Schedules, Guidelines for Constructing Questionnaire/Schedule, Some other methods of primary data collection. Collection of Secondary data, Qualitative data, Selection of appropriate method of data collection.

Overview of SPSS for Windows Step by Step Process, Creating & Editing a Data File, Managing Data, Descriptive Summary, Measures of Univariate Data, Measures of Central Tendency - Mean, Median and Mode. Measures of Dispersion - Range, Mean Deviation, Standard Deviation, Coefficient of variation, Quartile & Percentiles. Coefficients of Skewness and Kurtosis. Correlation, Factor Analysis, Cluster Analysis, Reliability Analysis, Regression Analysis – Bivariate Regression Probit, Tobit & Logit. Tests for Normality, Chi-Square test for Independence, One-Way ANOVA, Two-Way ANOVA, Non Parametric Methods - Sign test, Mann Whitney U test, Kruskal Wallis test, Kolmograv Smirnov test.

Report Writing:Significance of Report Writing, Different steps in Writing Reports, Layout of a Research Report, Types of Reports, Mechanics of Writing a writing a research report, Precautions for writing research reports. APA writing style.

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

 3.  Naval Bajpai. Business Research Methods. Pearson Education 

Students are evaluated for each course on the basis of written examination and continuous internal assessment. Each paper carries maximum of 100 marks. It is practical course of 100 marks. Students will be evaluated through multiple CIA and ESE for 100 marks with weightage of 95% and attendance weightage of 5%.

The course enables professionals and students to learn from industry experts about emerging technologies, data analytics, and data visualization. The course provides insights into the technologies that are changing the way finance and accounting professionals work. To make students create data visualizations that communicate effectively and better enable business decision-making.

Data Science overview and interdisciplinary components, Business Analytics overview - descriptive, predictive, and prescriptive analytics. Data visualization overview- various charts and graphs.

Exploring Tableau Data Connections and Sources, Connecting to Data Source, Exploring Tableau Workspace, visual cues, and icons in Tableau Desktop/Public. Create simple data visualization, explore measures and dimensions, understand aggregation and level of detail, understanding simple calculated fields, Marks, and Filters - Color, Label, Detail marks, Sorting, and Dimension filters. Chart types - change over time, magnitude, deviation, correlation, distribution, ranking, part - to- whole, spatial.

Tableau data types, discrete and continuous dates, building bar charts and line charts, Table Calculations, Detail and Color mark to change level of detail of a visual, axis vs header.

Dual axis charts, donut chart, butterfly chart, pareto, animated custom chart

Data Union, Conditional Calculated Fields and data segmentation, String and Date functions, and Table Calculations

Sorting, Filters and Filter Hierarchy, Grouping, Sets, and Hierarchies, apply concepts to solve real-life problems

Merging tables using Joins, Relationships.

Build an Interactive dashboard (apply to join, relationships), Actions, filters across worksheets, filter customization, Maps, Story.

        5. Mico Yuk & Stephanie Diamond (2014), Data Visualization for Dummies,‎ For Dummies

      3. Ware, Colin (2010). Visual thinking for Design. Elsevier

It is practical course of 50 marks using Softwares. Students will be evaluated through multiple CIA for 50 marks.

Students can choose between Teaching Practice or Intern in the area of Accounting and Finance in a business organization.

Experiential Learning (Teaching Practice) is a teaching methodology that engages learners where by students can earn academic credit for an approved on or off campus teaching assistant experience.  Experiential Learning is an important learning component of this study program, allowing students to solve real-world problems through hands-on-learning in an academic setting.  

Experiential Learning (Corporate Internship) is a work integrated learning methodology that engages learners where by students can earn academic credit for an approved off-campus internship experience. Experiential Learning is an important learning component of this study program, allowing students to solve real-world problems through hands-on-learning in a Professional setting.   

Department Evaluation: The department will evaluate student’s performance (100% weight age). The evaluation will be based on rubrics criteria such as consistency, overall performance, attendance, number of hours worked, quality of work – Live project or academic title, code of conduct on the job and many other qualitative parameters. 

Evaluation is divided in two components:

This course provides coverage of a broader framework of various tools and strategies used for cost management and control.

Problems of overhead absorption system under Traditional System, introduction to ABC, cost drivers and cost activities, allocation of overheads under ABC, Characteristics of ABC, benefits from adaptation of ABC System, comparison between traditional system and ABC system. Environmental Cost allocation using ABC.

Pricing Strategies- Factors Influencing Pricing Decisions; Short run Vs. Long Run Pricing Strategy; Cost-Based Pricing; Economic Approach to Pricing; Pareto Analysis in problem solving and in Pricing Decisions. Activity-Based- Budgeting (ABB): ABB and Traditional Budgeting; Capacity Utilization; Role of ABB in Cost Management, Life cycle Costing, Target Costing, Kaizen Costing.

Definition, classification of quality costs, cost of Conformance, Prevention costs, appraisal costs, cost of Non-conformance, optimization of quality cost, Cost of quality report.

TQM : Core concepts, Benefits basics, stages, principles, control, corrective actions, Deming’s PDCA Cycle Continuous process improvement.

Transfer Pricing – meaning, necessity, Objectives, applications, Methods (Cost Based, Market Price Based and Negotiated Pricing), Advantages and Disadvantages, Criteria for setting Transfer Prices, Guiding Principles in the fixation of transfer prices, Transfer Price in different situations. International transfer pricing: meaning, factors affecting international transfer pricing.

Integration of strategic cost management with performance evaluation, Performance Pyramid and Building Block Models, Porter’s Value Chain and Value Network Analysis using primary & secondary activities. Strategic cost management issues in product design, value analysis and value engineering, strategic analysis of cost, business process re-engineering, benchmarking. Critical Success Factors (CSF) and Key Performance Indicators (KPI).

Costing Strategy:                                                                                               

Methods and techniques of cost control and cost reduction, cost management and cost accounting, Just In Time management, Decision making

(a)   Applying Limiting Factor / Theory of Constraints,

(b)  Under uncertainty – Maximax, Maximin, Minimax regret, Expected Value,

Make or Buy decisions

2.              S.K.R. Paul, Management Accounting, New Central Book Agency Private Ltd., Calcutta.

Charles T. Horngren, George Foster, Srikant M. Data, Cost Accounting: A Managerial Emphasis, Prentice Hall of India, New Delhi.

2.              Management strategy for business decision: Ronald Hilton and Michal Maher, 3rd Editions, Mcgraw Hill

Students' Handbook on Strategic Cost Management & performance Evaluation, Paduka's, Wolters Kluwer

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%

This course aims to make the students well acquainted with the different valuation models and applications of derivatives, the basics of which they have already learnt at the undergraduate course. Exposure is given to the wide application of derivatives in risk hedging.

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

Valuation of forward and future contracts, Valuation of stock index futures, Hedging using futures contracts, Hedging using stock index future contracts, Arbitrage using future contracts.

Introduction to option contracts, Option trading strategies. Valuation of options using Binomial and Black-Scholes model, Option Greeks: Delta, Theta, Gamma, Vega, Rho, Minor greeks.

Role of the volatility parameter in the valuation of options, including Calculation of implied volatility from option prices: Estimation of volatility from historical time series or other market indices (e.g. the VIX index). The smile effect and volatility surfaces. 

Securitization and derivatives. CDO, CMO, CLO, CLN, CDS, other Credit derivatives.

Valuation of Credit Default Swaps, credit indices, CDS forwards and options, Basket credit default swaps, total return swaps, Valuation of Synthetic CDO. Role of correlation in pricing credit derivatives.

Interest rate caps and floors, hedging interest rate derivatives, options on bonds, interest rate trees, calibration. 

Financial Derivatives Market in India – Derivatives Trading at NSE/BSE, – Emerging Structure of Derivatives Markets in India -Regulation of Financial Derivatives in India. Derivatives impact on agriculture. Derivatives of derivatives. Trends in the equity derivatives markets, Weather derivative, exotic derivative. Financial engineering in derivatives.

2.     Derivatives and Risk Management, 1e, by Janakiramanan Pearson Education India.

3. Fundamentals of Financial Derivatives by Prafulla Kumar Swain, Himalaya Publishing

2. Financial Derivatives by S S S Kumar, Prentice Hall India publication.

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

Provides knowledge of concepts and provisions of direct laws and various international tax practices.

Overview of Income Tax Law in India – Important Definitions – Charge & Rate of Income Tax, Residential Status – Scope of total Income – Income under head Salaries – Income from House Property – Profits and Gains of Business or Profession – Capital Gains – Income from Other Sources.

Clubbing of Income, Set-off & carry forward of losses, Deductions from Gross Total Income, Deduction, Collection & Recovery of Tax:                                 

Income of other person includable in Assessee’s Total Income – Cross Transfers – Concept of set-off & carry forward of losses – Inter-source & Inter-head Adjustment – Order of set-off of losses – Deduction in respect of Payments, certain incomes, other income – Other Deductions – Deduction at Source & Advance Payment – Deduction of Tax at Source – Collection of Tax at Source – Collection & Recovery of Tax – Refunds.

Tax Planning, Tax Evasion & Tax Avoidance, Tax Planning consideration in respect of Salary income & in relation to business – General Anti-Avoidance Rules – Appointment & Control –Jurisdiction – Power of Income-tax Authorities.

Return of Income – Interest on default in furnishing Return of Income – Return of Loss – Belated Return – Revised Return – Mandatory filing of Return in certain cases – Defective Return – Verification of Return – Self Assessment –Inquiry before Assessment– Audit under section 142 –  Assessment under section 143 – Best Judgement Assessment – Income escaping Assessment – Rectification of Mistake – Notice of Demand – Appeals to Commissioner (Appeals), Appellate Tribunal, High Court, Supreme Court – Revision – Definition of ‘Case’ – Application of Settlement of Cases – Power of Settlement Commission – Power to grant immunity from prosecution & penalty. 

Penalties leviable for under-reporting of income – immunity from imposition of penalty & prosecution – Other penalties – Summary of offences & prosecution – Power of Principal Commissioner or Commissioner to grant immunity from prosecution – Presumption with regard to assets, books of accounts – Constitution & offences triable by Special Court – Trial of offences.

Transfer Pricing & Other provisions to check Avoidance of Tax – Non Resident Taxation – Double Taxation Relief – Advance Rulings – Equalisation Levy – Application & Interpretation of Tax Treaties.

2.     ICAI Final Study Material on Direct Tax Laws.

Bhanwar Bhorana, Direct Taxation for CA Final

2.ICAI Final Study Material on Direct Tax Laws.

Bhanwar Bhorana, Direct Taxation for CA Final

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 is a foundational course for developing competency to meet the country’s growing requirements for talent in the field of international business management and its related legal aspects.

Introduction to International Business Environment - Global Environmental Analysis – Forms of international business – Global Value Chains.

Global Regulatory Environment, International Economic and Trade Organizations World Trade Organization (WTO) – WTO Agreements & provisions -  WTO’s disputes settlement mechanism & process - Major provisions of WTO in connection with India -– Trading Quotas - Free Trade Agreements - National International Trade Facilitation Bodies.  

International Business Regulatory Environment - India’s EXIM Policy, Director General of Foreign Trade –International Trade Operations – IEC Code - INCOTERMS - Export-Import Documentation - Customs Procedures – International Trade Finance - Payment methods in International Trade - International Trade Finance types – Open Trade, LCs – Factoring – Forfeiting - International Trade Finance documentation -  International Trade Logistics  & Foreign Exchange Management – Global Trade Credit Insurance –  Factors Chain International - ECGC – COFACE.  

Formation of WTO. Non-tariff barriers: Agreement on Technical Barriers to Trade (TBT). Agreement on Sanitary and Phytosanitary (SPS) Measures. Rules of Origin. Pre-shipment Inspection. Agreement on Import Licensing. International competition law- Anti-trust, Sherman and Clayton Act, Treaty of Lisbon; definitions and salient features.  Role of tribunals and internationalcourts. 

Disputes and the approaches to dispute resolution - Overview of ADR methods - negotiation - mediation - conciliation - arbitration - expert determination - dispute resolution board - hybrid methods - online dispute resolution (ODR), Court annexed ADR processes, Advantages and Disadvantages of ADR, selection of a method. Models of mediation - rights based - interest based - facilitative - evaluative - settlement oriented - therapeutic - transformative and other models

Confidentiality in mediation and enforceability of mediation agreement - drafting the mediation agreement and confidentiality agreement. Civil and commercial mediation - employmentmediation                                                          

Concept and trend of data localization laws. Overview of compliances and policies for data regulations. Impact on business process and trade. Law in India; RBI Mandates.  Impact on e-commerce.                                                                                                                                  

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

A combination of structural framework and the application based learning will enable the students to correlate the concepts with that of the real life situations in a firm and global scenario analysis.

Emerging trends necessitating the study of IFM, Issues arising due to the non- concentration on the IFM in a company, Global events impacting the financial management in a company, International flow of funds, BOP components and issues.   

Exchange rate quotations, Bid ask spread, Exchange rate determination using APP, RPP, IRP, Fischer effect, Appreciation and depreciation of currency, Currencies at premium and discount, Cross rates, Forward quotations, triangular arbitrage, covered interest arbitrage.

Hedging strategies, Hedging using forwards, futures, options and swaps, Money market hedge, Extension of contracts.

Management of Economic Exposure, Management of Operating Exposure, Management of Translation Exposure – Current / Non-current Method, Monetary / Non-monetary Method, Temporal Method, Current Rate Method.

Foreign Direct Investment and Cross Border Acquisitions- International Capital Structure & Cost of Capital- International Capital Budgeting: NPV, APV, Choice of discount rates- Multinational Cash Management, Centralized cash management and Netting- International Trade Finance- International Tax Environment and tax inversion.

International Banking and Money Market- International Bond Market- International Equity Market- International Portfolio Investment.

Masala bonds and Green masala bonds, sustainable financing, international debt markets, emerging role of SPVs, tax havens, role of softwares, financial engineering, global banking, Bilateral currency swap agreements, currency devaluations, Financial crisis possibilities.     

2.     International Finance by G Shailaja, Universities Press.

Jeff Madura, International Financial Management, Recent Edition, Thomson Publication 

2. P.G Apte, , International Financial Management, Mc Graw Hill Education

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

Provides a working knowledge of the Fintech industry and how technology impacts the current accounting and finance and the skills needed to implement them.

Current Legal provisions in data security – GDPR Laws – International laws to protect Privacy – Indian context of data protection – Taxation and impact on tax authorities – Indian context of legal provisions in Fintech regarding RBI and IRDA

Introduction to Cloud computing – Different types of cloud infrastructure –Advantages and Disadvantages of cloud computing - Introduction to RPA and IOT

Fundamentals of Machine Learning – Functional elements of Machine Learning - Supervised and unsupervised Learnings – Clustering and Sequence Modelling – Impact on Finance functions.

History of Artificial Intelligence –AI in today’s context – Natural Language Processing (NLP) – Reinforcement Learning – Image processing – Importance of AI in Finance & Accounts – Robo-Advisors 

 All About Blockchains – Digital Disruptions in Financial Services – Decentralization mining - Crypto Assets & Token – Risk Management for Fintech – Security in Blockchain – Business models in Block Chain.

Overview of the Alteryx software and fundamental concepts, Understanding the User Environment and Alteryx Settings, Alteryx designer Interface, Filtering Data/Data processing, Filtering Using String Data, Input Data, Dynamic Rename, Text to columns, Transpose. Core Tool-set (In/Out, Join, Preparation, Transform, Parse) – Comment and Tool container

Bitcoin & Crypto currencies by Arvind Narayanan 

2.     Fintech Law in a Nutshell by Chris Brummer

FinTech, BigTech and Banks by Alessandra Tanda, Cristiana-Maria Schena

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

Students choose a topic of interest in the area of Finance, Accounting or Taxation and build their academic research writing under the supervision of a faculty member. Students present their written research article by participating in various national or international conference and seminar and publish the research paper in a refereed journal. It forms the foundation for a detailed research project or dissertation for next semester.  

Guidelines for Conference and Publication

·       Students assigned to a supervisor/mentor

·       Weekly discussion with the supervisor on research topic

·       Writing the research paper

·       Present your final research paper to supervisor and at the conference.

·       Publish the research paper in a refereed journal.

Evaluation

1. Supervisor Evaluation: Students will be evaluated on criteria such as consistency, frequency of discussion with the supervisor, overall performance, attendance, number of hours worked and quality of academic writing. It carries 20marks

2. Submission of Presentation Certificate in national or international conference and publication carries 10 marks

3. Viva Voce of research paper carries 20 marks.

This course 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, 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  

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

Mergers and Acquisitions:- Definition, Types, Motives, Merger process, 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

2.     The Essence of mergers and Acquisitions: Sudarsanm, PS: prentice Hall of India, Hall.

3.     Strategic Financial Management: Prasanna Chandra.

4.     Chandra Prasanna. (2014) Strategic Financial Management, 1st edition, Tata McGraw

5.     Hill 3. Tim Koller. (2010) Valuation: Measuring and Managing the Value of Companies, 5th edition, McKinsey and Company Inc.

2.     Financial Theory and corporate policy: Copeland T.E and J D Weston Addision westerly, NY.

3.     Financial Decision Making: Hamton Jone, PHI, New Delhi.

4.     David Frykman. (2010) The Financial Times Guide to Corporate Valuation, 2nd edition, Prentice Hall

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

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 assessment. Each paper carries maximum of 100 marks and is evaluated as follows:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

Provides knowledge of concepts and provisions of indirect laws and certain industrial laws.

Genesis, Framework & Benefits of GST in India – Constitutional Provisions – Relevant Definitions – Concept of Supply – Composite & Mixed Supply – Inter-State & Intra State Supply – Supplies in Territorial Waters – Levy & Collection of GST – Composite Levy – Tax at concessional Rate – Power to Grant Exemption – Goods & Services Exempt from Tax.

Place of supply of goods other than supply of goods Imported into, or exported from  India [Section 10] – Place of supply of goods imported into, or exported from  India [Section 11] –Place of supply of services where location of supplier of service and the location of the recipient of service is in India [Section 12] – Place of supply of services where location of supplier or location of recipient is outside India [Section 13] – Time of supply of goods – Time of supply of services – Change in rate of tax in respect of supply of goods or services – Value of supply [Section 15] – Rules for valuation of supply of goods and/or services.

Persons liable for registration [Section 22] – Compulsory registration in certain cases [Section 24] – Persons not liable for registration [Section 23] – Registration Procedure, Amendment & cancellation – Tax Invoice, Debit & Credit Note – Eligibility and conditions for taking input tax credit [Section16] – Apportionment of credit & blocked credits –  Input Service Distributor –  ITC utilization [Section 17].

Accounts and other records – Retention of accounts – Electronic way bill – Payment of tax, interest, penalty and other amounts – Interest on delayed payment of tax – Transfer of ITC – Tax deduction at source – Collection of tax at source – Furnishing of returns under Section 39 – Other Returns – Default or Delay in furnishing return.

Refund of tax – Refund to UN bodies, embassies – Interest on delayed refunds Refund of integrated tax paid on supply of goods Job work procedure to tourist leaving India – Job Work Procedure –Taking input tax credit in respect of inputs and capital goods sent for job work.

Imports & Exports under GST.

Self,Provisional & Summary Assessment – Scrutiny of returns – Audit by tax authorities, Audit of accounts – Power of inspection, search and seizure – Inspection of goods in movement – Power to arrest & Summon – Determination of tax not paid/short paid/ erroneously refunded/ITC wrongly availed/utilized –Tax wrongfully collected – Recovery proceedings – Provisional attachment to protect revenue.

Penalty for certain offences  – Power to impose & waive Detention, seizure and release of goods and conveyances in transit  – Punishments for certain Offences  – Cognizance & compounding of offences – Appeals to Appellate Authority & Appellate Tribunal – Authority for Advance Ruling – Appellate Authority for Advance Ruling – Assessment of non-filers of returns  & unregistered persons.

Levy of & exemption from Customs Duty – Types of Duty – Valuation under Customs Act, 1962 – Importation, Exportation & Transportation of Goods – Baggage Rules – Duty Drawback.

Industrial Laws

Objectives, Scope & Applicability  of The Payment of Gratuity Act, 1972 – Employees Provident Fund and Miscellaneous Provisions Act, 1952 –  Employees State Insurance Act, 1948 – Payment of Bonus Act, 1965 – Minimum Wages Act, 1948.

2.     Dr Vinod K. Singhania (2019) GST & Customs Law.

2.     ICWAI Inter Material on ‘Laws & Ethics’ for industrial laws.

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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 provides students with the opportunity to develop the skills needed to build financial models. The course primarily focuses on models used for valuation, capital budgeting, cost of capital and portfolio models and so on.

Introduction to financial modelling, Strengths and weaknesses of spreadsheets, Introduction to modelling, Understanding Advanced Features of Excel - Database Functions in Excel, Creating Charts, Using Forms and Control Toolbox, Understanding Finance Functions present in Excel, Creating Dynamic Models

Preparing common size statements directly from Trial Balance, Forecasting Financial Statements using Excel, Analysing Financial Statements by using Spreadsheet Model

Organizing spreadsheets to move from sales revenues to after-tax cash flows; using Excel’s financial functions to calculate depreciation schedules; calculating financial measures of success, such as net present value and internal rate of return; using nested IF statements to determine the discounted years to break even;

Sensitivity Analysis using Excel, Scenario Manager, Other Sensitivity Analysis Features, creating two-variable input tables for sensitivity analysis; Different Statistical Distributions used in Simulation, Generating Random Numbers that follow a particular distribution, Building Models in Finance using Simulation, Monte-Carlo simulation

Estimating betas with regression analysis, Using daily, weekly, and monthly data, Testing market efficiency, With regression analysis, With pivot tables, Recording and editing macros, Recording and editing macros

Determination of Value Drivers, DCF Valuation, Risk analysis of discounted cash flow models, Risk Analysis in Valuation

Mean-variance portfolio selection, Computing mean-variance portfolios, Testing portfolio, performance, Portfolio selection, Bond portfolio selection, Determining Efficient Portfolio,

Black and Scholes Model in Excel, Real Options Valuation

2.     Alastair Day, Mastering Financial Modelling in Microsoft Excel : A practitioner's guide to applied corporate finance (English) 2nd Edition

Financial Modeling – Simon Benninga

Course Description: This course is offered to provide the students an understanding of the emerging areas of Risk Management. It equips the students with the tools and techniques to manage the financial risk efficiently.  It also enables them to learn corporate governance and risk strategies to manage both financial and non-financial risks.

Risk defined, Types of risk, Risk Management failures: What are they and when do they happen within an organization? Financial disasters due to risk management failures and its implications to organizations, extreme market movements – instances from the past, creating value with risk management.

Overview of Basel norms –Basel Committee on Banking Supervision (BCBS), Basel norms/ guidelines - A move towards Enterprise Risk Management & Integrated supervision, Basel III norms - 3 Pillar approach, Identifying the sources of Credit, Market & Operational risks and determining respective capital as part of minimum required capital, approaches to Capital measurement.

Measures of Financial risk – Mean – Variance framework- an understanding, Standard deviation, covariance and correlation, coefficient of variation, portfolio risk, Normal distribution- key properties and its application to finance domain from risk management perspective, measures of skewness and kurtosis and their effects of risk assessment, log normal distribution and its application to finance, Value at risk methods, EWMA model, Expected shortfall, Scenario analysis, Coherent risk measures.

Interest rate risk: Interest rate risk management in banks, bond duration- DV01, bond convexity, hedging interest rate risk with DV01 and interest rate swaps, Forward rate agreements, Bond VaR.

Principles of credit risk management: Forms of credit risk – Settlement risk, Counter party risk & Sovereign risk, Common sources of credit risk management, measuring credit risk – Probability of default, Loss given default, Exposure at default, Expected & Unexpected loss, and use of derivatives to manage credit risk, Economic capital and RAROC

Credit rating process, Subprime securitization process, Predatory lending and borrowing

Liquidity risk & Interest rate risk: Management of Asset Liability Management in banks, liquidity risk management in banks, principles of ‘sound stress testing practices and supervision’.

Operational Risk: Operational risks in banks, Measuring and managing operational risks

Total risk-return tradeoff; Competitive advantage and shareholder-value creation; Hedging diversifiable risks; Differentiating between core risks and non-core risks; and Determining optimal corporate risk exposures

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                            :           05%

Total                                                                                       :          100%

Strategic Management, Ethics and Governance is designed to develop an understanding on the concepts of Strategic Management that focuses on strategic thinking, management and leadership.

Meaning, Characteristics of Strategic Management, Strategic Management Vs. Operational Management, Nature, Scope, Importance & Process of Strategic Management, Hierarchy of Strategy, Stakeholders in Strategic Decision Making and their Role in Strategic Management, Strategic Planning & Intent, Concept of Vision, Mission, Objectives

Analyzing Company’s Internal & External Environment capabilities and competencies, Preparing an Environmental Threat and Opportunity Profile (ETOP). Analyzing Industry Environment using Porter’s Five Forces Model of competition, VRIO Framework, competitive advantage, competitive parity & competitive disadvantage, Core Competence, characteristics of core competencies, Distinctive competitiveness, Benchmarking as a method of comparative analysis. Value Chain Analysis using primary & secondary activities. Organizational Capability Profile: Strategic Advantage Profile, Concepts of stretch, leverage & fit, ways of resource leveraging – concentrating, accumulating, complementing, conserving, recovering

Grand Strategies: Stability, Growth (Diversification Strategies, Vertical Integration Strategies, Mergers, Acquisition & Takeover Strategies, Strategic Alliances & Collaborative Partnerships), Retrenchment – Turnaround, Divestment, Liquidation, Outsourcing Strategies.

Generic Competitive Strategies: Meaning of generic competitive strategies, Low cost, Differentiation & Focus, Offensive and Defensive Strategies.

Functional Level Strategies-Production/Operations, Marketing, Financial, Human Resource, Research & Development, Information, Integrated Functional Strategies. 

Evaluating Strategic Alternatives, Criteria for evaluating strategic alternatives, Portfolio Analysis: Business Portfolio Analysis - BCG Matrix, GE 9 Cell Model.

Barriers to implementation of strategy, Mintzberg’s 5 Ps – Deliberate & Emergent Strategies, McKinsey’s 7s Framework, Promoting participation through technique of Management by Objectives (MBO), Total Quality Management (TQM). Strategy Evaluation: Operations Control and Strategic Control - Symptoms of malfunctioning of strategy, Use of Balanced Scorecard for strategy evaluation

Strategic Evaluation: Operations Control and Strategic Control - Symptoms of malfunctioning of strategy –Use of Balanced Scorecard for strategy evaluation.

Meaning, Need for Business Ethics, Ethical Theories and application of ethical theories in business, Scope of Business Ethics, Principles of Business Ethics, Moral Development, Ethical Issues in Functional areas of Business, Facts and value, Ethical subjectivism and Relativism.

Origin & Development, Why Corporate Governance, Parties to Corporate Governance, Principles of Corporate Governance, Mechanism to ensure good corporate governance, Theories of Corporate Governance, Separation of Ownership and control in Corporate Governance.                                                                                                                     

2.     Business Policy and Strategic Management by P.Subba Rao, Himalya Publishing House.

2.     Concepts in Strategic Management & Business Policy by Thomas L. Wheelen & J. David Hunger, Pearson, 12th ed.,

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:

End Semester Examination (ESE)                                      :           50%

Mid Semester Examination (CIA-2)                                   :           25%

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

Attendance                                                                             :           05%

Total                                                   :          100%                                   

·       Written Examinations consists of:

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

§  End Semester Exam – 100 marks (3 hours’ duration)

·       A student should 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. 

Student conducts research on a self-chosen subject in the field of Finance, Accounting & Taxation. They participate in research activity under the supervision of a faculty member and writes a research project report for submission. 

It is a 4 credit course and exam is for total of 100 marks.

·       Students assigned to a supervisor/mentor

·       Weekly discussion with the supervisor on research project topic

·         Submit the research project

·       Present your final research project to a research panel in viva.

2. Presentation and Viva-Voce exam carries 50 marks.