Accounting and finanace

7/27/2019 Accounting and finanace

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Post Graduate Diploma In Management (PGDM) 2009-11

Course Curriculum

Accounting and

Finance

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Course Curriculum

Course Code: DM 130 Course Name: Financial Accounting

Course Credit: 3.0 Pre requisite: FD 01: Foundation Financial Accounting

Aims and Objectives Annual report distributed by public listed companies helps various

stakeholders in the business to make better economic decisions. The purpose of

BM 34 course is to demystifying various financial statements that are part of theannual report. At the end of the course, the students would have developed

financial analysis skills that are useful in business decision making. Emphasis will

be on the interpretation, rather that the preparation of financial statements. This

course is designed to inspire students to make better judgment calls by utilizing an

easy decision-making tool Ratio Analysis.

S. No. Course Outline

1Overview of Book-keeping, Financial Accounting & Management Accounting Types of Business

structure

2 Introduction to financial statements

3 Detail review of financial statements

4 Accounting Information System

5 GAAP & Accounting Equations6 GAAP & Accounting Equation

7 Quiz & Assignments

8 Cash accounting & accrual accounting systems

9 Accounting Standards (Depreciation, Stock valuations, Accounting Policy etc.)

10 Demystifying Income Statement

11 Demystifying Balance Sheet

12 Quiz & Assignments

13 Understanding Cash Flow Statement

14 Understanding Fund Flow statement

16 Change in Working Capital

17 Mid-term Examination

18 Financial Ratio Analysis & their interpretations

19 Solvency & Profitability Ratios20 Profitability & Efficiency Ratios

21 Leverage & Market Related Ratios

22 Project Work Interpretation Financial Statements using ratio analysis as tool

Reference Books:

RECOMMENDED BOOKS:

1. Financial Accounting _ A Managerial Prespective - R. Narayanaswamy Prentice Hall

India, 3/e2. Financial Accounting For Management-N. Ramachandran & Ram Kumar Kakani- TMH

Publications, 1/e,3. Introduction to Financial Statement Analysis Ashish K Bhatta charya Elsevier India (P)

Ltd, Recommended books for modules 5&7.

4. Financial Accounting-P. C. Tulsian Pearson Education India, 1/e,REFERENCE BOOKS:1. Financial Accounting for Management: An Analytical Perspective Ambrish Gupta,

Pearson Education, 1/e,2. Financial Accounting: A Managerial Emphasis Ashok Banerjee, Excel Books, 2003

3. Accounting For Managers Maheswari & Maheswari Vikas Publishing house (P) Ltd.

4. Financial Statement Analysis Wild Tomson Cengage Learning Ltd.

5. Advanced Accountancy- R.L. Gupta & M. Radhaswamy Sultan Chand Publications,

20026. Accounting for Managers-Bhattacharya- Vikas Publications, 3/e, 2004

7. Financial Accounting for Business Managers, Ashish K Bhattacharya, PHI, 2/e, 20058. Accountancy Vol I & Vol II, B.S. Raman Universal Publishers, 2002

9. Accounting For Managers Jawaralal Himalaya Publishing House, 4/e, 200410. Accounting for Managers Hendrikson.

11. Accounting for Managers Anthony & Reece. Students are expected to study carefully at least two Annual reports during the trimester I.

Selection of the Annual Reports will be done by the faculty concern

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Course Curriculum

Course Code: DM 131 Course Name: Managerial Accounting

Course Credit: 3.0 Pre requisite: : Accounting for Managers

Aims and Objectives Managerial Accounting is concerned with information needed

to effectively plan and control company operations and make goodbusiness decisions. The overall objective of this course is to provide

you with the concepts and tools needed for planning, control, anddecision-making.


1 Class Organization and Introduction to Managerial Accounting

2 Cost Concepts, Manufacturing Costs and Job-Order & Process Costing Systems

3 Cost-Volume-Profit Analysis

4 Cost Allocation and Activity-Based Costing

5 The Use of Cost Information in Management Decision Making6 Pricing Decisions, Customer Profitability, and Activity Based Pricing

7 Budgetary Planning and Control

8 Standard Costs and Variance Analysis

9 Decentralization and Performance Evaluation

References: 1. Introduction to Management Accounting, 8e by Charles T Horngran & Gary L

Sundem Prentice-Hall, India2. Management Accounting Khan MY & PK Jain TMH

3. Managerial Accounting, Concept for Planning, Contro & Decision Making by Ray

H Garison Business Publication

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Course Curriculum

Course Code: DM 132 Course Name: Corporate Finance

Course Credit: 4.0 Pre requisite: Foundation Course, DM 130 & DM 131

Aims and Objectives The course facilitates understanding of complex concepts of finance &explains nuances of managerial decision making process. The course is

designed to develop deep understanding of four key area of financial

decision in corporate world: Investment Decision, Financing Decision, andWorking Capital Management & Dividend Decisions. With the emergence of

various computing tools like excel, the emphasis in this course will also be

on decision making models.


1 Corporate Finance Overview (Information Asymmetry & Corporate Governance issues)2 Time Value of Money Discounting & Present Value, Compounding & Future Value

3 Valuation of securities (Bonds & Equity), Yield computation

4 Risk & return measuring realized return, expected return, measurement of risk

5Portfolio Theory, CAPM & Valuation Efficient Frontier, Covariance, Optimal Portfolio CapitalAllocation Line

6 Capital Budgeting Types of Projects & methods of budgeting

7 A Comparison between NPV & IRR

8 Matching Cash Flow & Discount Rate

9 Capital Rationing WACC

10 Mid-term Examination & Project

11 Lease & Hire Purchase (Capital & Operating Lease)

12 Lease vs. Buy

13 Hire Purchase vs. Lease

14 Financing Decision - Capital Structure

15 Financial Leverage & Operating Leverage EBIT-EPS Analysis & ROI-ROE Analysis

16 Capital structure with corporate tax & with personal tax

17 Capital Structure with Bankruptcy cost

18 Dividend Decisions Walters Model, Gordon Model & Modigliani Model

19 Dividend Theory, policy & practice

20 Working Capital Management - Introduction

21 Inventory Management

22 Receivable Management

23 Cash Management

References: Text Book:1. Corporate Finance By Ross, Westerfield & Jaffe 7e TMH

2. Principles of Corporate Finance 7e By Brealey Myers TMH

Other readings:

Making the Decision to Convert Lottery Prize Winnings: The Case of the Singer

Asset Finance Company Business Statistics Azcel and Soundarapandian TMH.

Body Shop International

Home made case on Debt Policy & Valuation

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Course Curriculum

Course Code: DM 133 Course Name: Management of Banks and Financial Institutions

Course Credit: 3.0 Pre requisite: Foundation Course, DM 130, DM 131 & DM 132

Aims and Objectives The banking industry has undergone seismic changes during

the past two decades. Deregulation, consolidation, financial crises,

product innovation and technological advances have changed the face ofthe financial services sector. The primary objective of this course is to

acquaint students with the latest tools of bank management. Thisincludes an understanding of bank financial statements, performance

analysis, bank regulation, risk management and recent trends in thebanking industry.


1 Introduction to Financial Intermediation, Banking Industry in India

2 Bank Financial Statements

3 Performance Analysis4 Introduction to Risk Management

5 Market Risk

6 Management of Bank Capital

7 First Basel Accord

8 Second Basel Accord

References: Text Book:

Dr. Meera Sharma, Management of Financial Institutions with Emphasis on

Bank and Risk Management, Prentice-Hall of India Pvt. Ltd.Other readings:

Banc One

The Transformation of IDBI R&D comes to Services

The Japanese Banking Sector Crisis

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Course Curriculum

Course Code: DM 134 Course Name: Financial Services & Financial Markets


Aims and Objectives The aim of the course is to provide fairly good knowledge about various

financial services provided by NBFC & Role of Financial Markets. The codeof conduct of different intermediaries as per RBI & SEBI ets. Students are

wxpected to acquire knowledge about SWF, Venture Capital Hedge Funds

etc.


1

Introduction to Financial Systems

Comprises of Services, products, markets & institutions. Comparison between financial institution

& non-financial institutions

2 Non-Banking Financial Companies & RBI Guidelines

3 Merchant Bankers

4 Public Issue of Shares Methodologies like book buildings & Procedural aspects5 IPO pricing & regulatory compliances SEBI & Listing Compliances

6 Rights issues, private placement

7 Mutual funds & Hedge Funds

8 SWF & Pension Funds

7 Venture Capital Companies & Venture Capital Funds

8 Factoring & forfeiting

9 Quiz & assignment

10 Capital Markets & Money Market Primary market & secondary market

11Depositories & Demat AccountsTrading in capital market -

12 Rating Agencies Types, Process, Methodologies

13 Mid-term Evaluation

14 Basics of money market & money market participants

15Money market instruments Call money, term money, notice money, commercial papers,Certificate of deposits & T-bills

16 FIMMDA, PDAI,AMFI


1. Financial Institutions & Market by LM Bhole TMH2. Credit Rating BY JC Verma - Bharat Law

3. Financial Services by MY Khan

Other readings:

1. SEBI Guidelines

2. Investment Banking & Financial Services3. Study Material provided by concerned faculty meber

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Course Curriculum

Course Code: DM 135 Course Nam e: Derivatives and Risk Management

Course Credit: 3.0 Pre requisite: Statistics for Business

Aims and Objectives To enable students to have a detailed understanding of the specialcharacteristics of derivatives including forwards, futures, swaps, options and

others, and their relationship to the underlying cash securities.

To be able to use these instruments to address a wide range of trading andinvestment objectives.

To understand and be able to control the risks of financial derivatives and

derivatives portfolios.


1 Derivatives Basics and Need of Market

2 Futures Markets3 Forward and Futures Prices

4 Interest Rate Derivatives

5 Swaps

6 Options and Options Markets

7 Binomial Option Pricing Models

8 Strategies of Options Hedging

10 Option Pricing Bounds

11 Black-Scholes Model

12 Sensitivity Analysis (the "Greeks")

13 Risk Management and VaR

14 ALM and Credit Risk Management


1. Introduction to Futures & Options by John C Hull Prentice Hall

2. Options & Futures by David A Dubufsky McGraw HillOther readings:

1 Understanding Options by Robert W Kolb John Wiley & Sons Inc.

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Course Curriculum

Course Code: DM 136 Course Name: Project & Infrastructure Finance

Course Credit: 3.0 Pre requisite: Financial Management, Project management

Aims and Objectives Limited recourse or non-recourse financing is one of the

principal means used to finance large infrastructure and strong revenue

producing projects both domestically and internationally. Lenders,particularly bilateral and multilateral lenders in emerging market

transactions, are willing to take post-completion project revenue riskwhen the myriad of commercial and political risks are properly allocated

among the transaction participants or adequately mitigated. Projectfinancing will be contrasted with balance sheet financing for similar

transactions. Case studies will be used to analyze issues that areconfronted in utilizing project financing, with emphasis on international

project financing, at the development, construction, and operations

phases, emphasizing lender concerns, but including environmental,labor, political, and other issues. Emphasis will be placed onunderstanding risk analysis, the rationale for appropriately allocating

risk among the parties, and the means of mitigating risks by the partiesto whom risks are allocated. Coverage will include selected

documentation issues and the underlying international legal and

regulatory drivers behind various provisions in agreements for projectfinance transactions. Coverage will also include an introduction to

workouts and restructurings of failing project finance transactions.

Selected international investment transactions, both actual andhypothetical, will be used to illustrate recurring issues.


1

An Overview of Project Finance: Who, What, Why, When, and Where; Glossary of Basic ProjectFinance Terminology and Accounting Concepts.Basic components of project finance; project participants and their roles; importance of

structuring; review of structuring vehicles,

2Basic Considerations: To Project Finance or Corporate Finance? Project Participants, Structuring,

and Structuring Vehicles

3 Evaluating the Project; Sources of Financing

4 Host Country Policy Considerations; Concessions, Licenses, Privatizations

5 Lender Analysis; Project Finance Risk; Introduction to Project and Financing Documentation.

6Project Documentation: The Route to Risk Allocation; the Construction and Operation Phases;Documentation for Economic Survival

7Loan Documentation/The Lender's View of Risk Allocation: Memorandum of Understanding,Term Sheet, Commitment Letter, Loan Agreement (A review of project risks identification,

allocation, and management)

8 Collateral Security Arrangements: What They Are and Why They Are Needed

9Risk Mitigation Methods for Natural and Political Force Majeure: Opinions of Counsel,Commercial and Political Risk Insurance

10 Political Risk: Nemisis or just another?

11 Credit Support: Equity, Guarantees, and other Credit Enhancements

12 Environmental, Worker Rights, Human Rights, Anti-Corruption, and other Policy Issues

13Troubled Loan Management (When All Else Fails): Dispute Resolution, Foreclosure,

Restructuring, and Other Remedies


1. Project Financing: Asset Based financial engineering by John D Finnerty (John

Wiley & sons Inc.)2. Project Financing by Peter K Nrvitt & Frank J Fabozzi, Euromoney Books3. Projects: Planning, Analysis, Financing, Implementation & Review 5e by

Prasanna Chandra TMH

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Course Curriculum

Other readings:

Various research Articles and papers available on EBSCO & Emerald

Course Code: DM 137 Course Name: International Finance & Trade


Aims and Objectives This Course exposes student financial markets, instruments and

various strategies of hedging. The quantitative tools covered in thiscourse make students competent to understand the transactions of a

dealing room and help in grooming their negotiating skills in theinternational markets. The course also gives emphasis on international

economics. International trade, financing foreign trade and variousintricacies connected therewith.


1 Financial Management in a Global Perspective

2 International Monetary System and Financial Markets An Overview3 International Trade Theories

4 Trading Blocks

5 GATT and WTO

6The Foreign Exchange Market

The Links between the Forex Market and the Money Market

7 Nature and Measurement of Exposure and Risk

8 Managing Transactions Exposure

9 Operating Exposure

10 Short Term Financial Management in a Multinational Context

11 International Equity Investment

12 Long Term Borrowing in International Capital Markets

13 International Project Appraisal14 International Accounting & Taxation

15 EXIM Policy

16 Letters of Credit

17Uniform Customs and Practice for Documentary Credits 1993 Revision - Rules, ICC UniformRules for Collection

18 Export Finance and Exchange Regulations

19 Import Regulations and Current Developments


1. International Financial Management by PG Apte ICFAI

2. International Finance by VA Avadhani Himalaya Publishing HouseOther readings:

1. Sufficient Reading Material will be provided by the concerned faculty

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Course Curriculum

Course Code: DM 138 Course Name: Fixed Income Securities

Course Credit: 3.0 Pre requisite: Financial Management, Business Statistics, MS-Excel

Aims and Objectives This course provides an in-depth analysis of the concepts that are most often

encountered in the global market for fixed income securities. The goals of

the course are threefold: (1) to develop the set of tools required to evaluatevirtually any fixed income instrument; (2) to illustrate the mechanics and

intuition of hedging and other trading and portfolio strategies; and (3) to

explore the key features of both traditional and derivative fixed incomeinstruments in a global context. The course focuses on topics that are most

likely to have practical relevance for students, while helping studentsdevelop a theoretical and mathematical approach to valuation and risk

management that will be useful in a wide range of financial applications.


1Introduction: Overview of debt securities; Market in debt instruments; Risk associated withinvesting in fixed income securities; The primary and secondary bond markets; Bond market

indices

2Basic Analytics: Bond pricing; Yield measures and Total returns; Calculating investment returns;

The structure of interest rates; Overview of forward rate analysis

3Securities: Treasury and Municipal securities; Features of Municipal securities; Money marketinstruments; Corporate bonds; Inflation-linked bonds; Floating rate securities; International bond

markets and instruments; Convertible securities and characteristics; Emerging market debts

4Credit Analysis and Credit Risk Modeling: Credit analysis for corporate bonds; Credit risk

modeling; Rating agency approach to structured finance

5

Valuation and Analysis: Fixed income risk modeling; Valuation of bonds with embedded options;

Valuation of mortgage-backed securities; Convertible security valuation; Market yield curve andfitting the term structure of interest rates; Hedging interest rate risk with term-structure factor

models

6Bond Portfolio Management: Introduction to bond portfolio management; Global credit bondportfolio management; Bond immunization Asset Liability optimization strategy; Dedicated

bond portfolios; International bond portfolio management

7

Fixed Income Derivatives: Introduction to interest rate futures and options contracts; Application

of futures in bond portfolio management; Interest rate swaps and swaptions; Interest rate caps andfloors with compound options; Introduction to credit derivatives

References: Text Book: Bond Markets: Analysis & Strategies by Frank J Fabozzi, 5th edition, PearsonEducation, New Delhi

Other readings:

Handbook of Fixed Income Securities by Frank J Fabozzi, 7 th edition, McGraw-Hill,

New Delhi

Fixed Income Securities, Bruce Tuckman, 2nd edition, Wiley Publications, USA

Fixed Income Securities and Derivatives Handbook by Moorad Choudhary,

Bloomberg Publications, USA

Handbook of Debt Securities and Interest Rate Derivatives by A V Jajwade, Tata

McGraw-Hill, New Delhi

Analysis of Fixed Income Securities by Johnson, Academic Publishers, USA

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Course Curriculum

Course Code: DM 139 Course Name: Investment ManagementCourse Credit: 3.0 Pre requisite: Statistics

Aims and Objectives To develop an understanding of practices of investment

analysis and management in business context.

To develop the students ability to use financial information in

business analysis and manage return on investment.

To understand various practices of capital market theory and

use of information in pricing financial instruments.

To familiarize the students with the current models of research

and evaluation in the Investment market.


1 Investment Environment and Financial Instruments

2 Handling Database and Financial Analysis

3 Asset Allocation Decision

4 Risk Return Theory: Utility Theory,

5 Economic and Industry Analysis

6 Financial Statement Analysis

7 Various Issues relating to Beta

8 Security Valuation equity, debt, bond

9 Technical Analysis

10 Portfolio Theory, CAPM, APT, Multi-factor Models

11 Capital Asset Pricing12 Model Portfolio Performance Evaluation

13 Portfolio Management Process & Analysis


Investment Analysis and Portfolio Management , Frank K. Reilly & Keith C.

Brown, VII Edition, Thompson Press, is recommended text book.

Investments, Bodie, Kane, Marcus, Mohanty; McGraw hill. 2006.

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Course Curriculum

Course Code: DM 140 Course Name: Financial Report Analysis & Valuation


Aims and Objectives Financial Report Analysis & Valuation deals with analysis of

financial statements for making investment decisions. The main focus ison equity valuation, with credit analysis. Fundamental analysis approach

will be examined in detail and applied in cases and projects involvingreal-life listed firms. The course is of interest to those contemplating

careers in investment banking (particularly in equity research), securityanalysis, consulting and corporate finance. After the course, the students

should be able to answer questions such as:


1Introduction: Using financial statements in valuation; Architecture of financial statement analysis;

The Valuation Models Introduction to Cash flows, Asset-based, Multipliers, Emerging methods

2

Analysis of Financial Statements: Business activities and financial statements Analysis of

Balance sheet, Income statement and Cash flow statement; Analysis of Profitability, Analysis ofLiquidity, Analysis of Efficiency; Creating accounting value and economic value, Analysis of

quality of financial statements

3Forecasting and Valuation Analysis: Financial Modeling and forecasting; Value of business

operations; Full-information analysis and Business Strategy analysis

4Business Valuation: Corporate valuation DCF, Asset-based, Multiplier approach, Real Options

Analysis; Valuation of intangibles, Valuation of IT and other new economy firms

5 Analysis of Credit Risk: Suppliers of credit and price of credit, Ratio analysis for creditevaluation, Forecasting and credit analysis; Liquidity planning and financial strategy

6Analysis of Equity Risk: The nature of risk, Fundamental risk, Value-at-Risk profiling; Price risk

Market inefficiency risk, Liquidity risk


i. Penman, Stephen (2007): Financial Statement Analysis & Security Valuation, TataMcGraw-Hill, 3rd edition

ii. Damodaran, A (2006) Damodaran on Valuation, John Wiley & Sons, Inc., USA, 2nd

edition

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Course Curriculum

Course Code: DM 141 Course Name: Commodity Trading & Price Risk Management


Aims and Objectives To enable students to have an understanding of the commodity

trading and demands in the commodity market.

To make students aware of the procedures and operations of the

commodity trading products & market

To be able to use the financial risk management instruments to

address a wide range of trading and investment objectives.

To understand and be able to manage risk through these

operations.


1 Introduction to Commodity Markets, Stock & Commodity Markets - A Comparison,

2Introduction to NCDEX & MCX, Global & Indian Commodity Exchanges, Forex & CommodityMarkets, FDI & FII, Regulatory Issues.

3Introduction to Commodities as traded assets: Oil, metals markets, Commodity derivativeproducts

4Introduction to Derivatives, Commodity Futures and Options, Trading Strategies usingCommodity Futures & Options

5Trading Mechanism at Commodity Exchanges, Risk Management and Surveillance, Clearing

Settlement & Delivery, Investment Opportunities in Commodity Markets

6 Commodity price discovery: OTC and ETC markets, the ring, futures and physical, markets,Investment assets versus consumption assets, The cost carry model, Pricing futures contracts on

investment commodities & consumption commodities

7Importance of Risk Management in Commodity Trading, Setting up of Commodity Desk, Banks,

Warehousing & Commodity Trading, Accounting & Taxation, Technical Analysis

8Rules governing Commodity Derivatives Exchanges, Rules governing Intermediaries, Investor

Grievances, Arbitration Rules, Accounting and Taxation issues

9 Kabra Committee Report (Roadmap)


1. Commodities and Commodity Derivatives: Modelling and Pricing for

Agriculturals, Metals and Energy (Hardcover) by Helyette Geman, Wiley.2. Commodity Futures and Options by George Kleinman in Back

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Course Curriculum

Course Code: DM 142 Course Name: Mergers, Acquisitions & Corporate Restructuring


Aims and Objectives The purpose of this course is to sensitize the students about the need forcorporate restructuring for achieving fast growth and maximize shareholders

value in the context of ever increasing competition thrown up byliberalization and globalization of Indian economy. It is expected that after

pursuing this course the students will be able to develop competencies in

identifying opportunities/areas for mergers, demergers, amalgamations andtakeovers etc., carrying out valuations involved therein, building upstrategies for them and evaluating the post restructuring performance of the

enterprise


1

Introduction: Forms of M&As, Historic and Recent Trends, Data, Performance; the Theoretical

Interpretation of M&As and its Analysis in the Framework of Corporate Finance Opening up theeconomy, Global view, Indian scenario, Economic liberalisation and Corporate Restructuring:

Mergers, Acquisitions and Demergers, Objectives and Motivations.

2

Techniques of and Procedure for organizing takeover bids, Search for acquisition of target

company, Procedure for Takeovers and Acquisitions: Public announcement, Preparation of offerdocuments, Minority shareholders and their rights in takeover offers, Bailout Takeover, SoftTargets, Defence against takeover bids, Role of Merchant Bankers, Financial institutions and

banks, Code of conduct, SEBI Takeover Regulations.

3

Valuation and Exchange Ratio: Valuation of listed and unlisted companies, Modes of valuation,Fixing price for acquisition, Determination of share exchange ratio on merger, Feasibility analysis

for cash acquisition, Valuation practices in India, Funding of Mergers and Acquisitions: Financingalternatives, Management buyouts, Leveraged Buy-Outs.

4

Demergers: Divestitures, Spin off, Equity carved out, Split off, Split up, Reconstruction, Modes of

Demerger, Tax aspects, Advantages and Procedure, Reverse merger: Requirements, Takeover by

reverse bid.

5

Accounting Aspects of Mergers and Acquisitions: Treatment of share premium and goodwill,

Taxation aspects.

6 Post-Merger Management: Accomplishment of objectives, Performance after merger.


Mergers & Acquisitions by Fred WestonM & A & Corporate Restructuring by Patrick A Gaughan Wiley Finance Series)

Other readings:

1. Harvard Business Review on M & A

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Course Curriculum

Course Code: DM 143 Course Name: Management Control Systems

Course Credit: 3.0 Pre requisite: FD 01, BM 34 & BM 35

Aims and Objectives The course has been designed to get knowledge & analytical skills related todesigning, implementing & using planning & control systems to achieve

organisations strategies. The emphasis of the course is on two major areas:i) various techniques of management control processes ii) behaviour

consideration like motivation, goal congruence, reporting relationship

between senior, peers & subordinates. The course is mainly understoodthrough case study method. The specific control systems for serviceorganisations & MNCs


1 The nature of Management Control Systems Management control & Task control

2 Case Discussion Xerox Corporation

3Responsibility Center, cost centre, profit centre, investment center, SBUs & Transfer pricingissues & problems

4 Case Discussion General appliance Corporation

5Strategic Planning, Budgeting & Budgetary Control Systems Quantitative & qualitative

techniques & behavior aspect

6 Case Discussion Boston Creamery Inc.7 Analyzing Financial Performance Variance analysis & limitation of variance analysis

8 Case Discussion Solartronics Inc.

9 Mid term examination

10 Performance Measurement interactive control

11 Case Discussion Dell Computer Corporation & Sears

12 Management Compensation Agency Theory, Incentive for corporate office, Incentive for SBUs

13 Case Discussion Worthington Industries

14Control for differentiated strategies Corporate strategy, SBUs Strategy & Top Management

Style

15 Case Discussion 3M Corporation

16 Management Control System for Service Organisation

17 MCS MNCs ( Foreign Exchange Transactions18 Case Discussion Nestle S.A.

19 Management Control of Projects


Management Control Systems By Robert N Anthony & Vijay Govindrajan 10th Edition

(Published by TMH)

Other readings: List of cases to be taken up in the class discussion have already mentionedin the course outline

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Course Curriculum

Course Code: DM 144 Course Name: Treasury Management

Course Credit: 3.0 Pre requisite: Pre requisite: BM 34, BM 35 & BM 36

Aims and Objectives The objective of the course is to help the student gain insight into the myriad

functions of a treasurer ranging from cash and liquidity management,

reserves management, funds management to transfer pricing, and risk

management.


1 Scope and Functions of Treasury Management

2 Financial Systems, Markets and Instruments, Regulation Framework

3 Financial Guarantees

4 Internal Treasury Control

5 Managing Customer & Investor Relationships

6 Fund Management in Banks

7 Investment Portfolio of Banks

8 Asset Liability Management

9 Treasury Operations

10 Forex Market & Products

11 Derivatives & Products12 Dealing room operations


1. Treasury Management by ICFAI Publications

2. Analysis for Financial Management by Robert C Higgins Published McGraw-

Hill/ Irwin

Other readings:

3. Euro Money Year Book

4. Treasurys Hand Book By J P Morgan Pleming

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Course Curriculum

Course Code: DM 145 Course Name: Insurance Business Management

Course Credit: 3.0 Pre requisite: BM 40 & BM 41

Aims and Objectives The objective of this course is to help students to understand the concept of

risk management through insurance. The course will also provide overview

of different functions of insurance business like Product development,

pricing & marketing. Issues relating to underwriting & claim management

are also required to be understood by students


1Problem of Risk, Introduction to Risk Management, the Insurance Device and Risk Management

Applications

2 Nature of Life Insurance Business and Insurance Company Formation

3 Organisational Structure of Insurance Companies

4 Marketing Activities and Strategies

5 Product Development Process

6 Pricing Insurance Products

7 Product Distribution

8 Life Insurance Underwriting

9 Customer Service

10 Claims Settlement

11 Legal, Regulatory and Compliance Operations


Principles of Risk management and Insurance (9 th Edition) George E. Rejda

Fundamentals of Risk & Insurance (9th Edition) - E.J. & Therese Vaughan.

Life and Health Insurance (13th Edition) - Kenneth Blackawd Harold Skipper.

Against the Gods- Peter L. Bernstein.

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