KARNATAK UNIVERSITY, DHARWAD

DEPARTMENT OF STUDIES IN COMMERCE

Regulations and Syllabi

For

MASTER OF COMMERCE

CHOICE BASED CREDIT SYSTEM

(M.Com CBCS)

( I to IV Semesters)
With effect from 2021-22 onwards

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 PART-A
Regulations Governing Post-Graduate Programmes under Choice Based Credit
System in the Faculty of Commerce, from 2021-2022
Master Degree Programme in Commerce (M.Com) Regulations Governing the
Post Graduate Master Degree Programme under Choice Based Credit System
(KU-CBCS)
(Framed under Section 44(1)(c) of the K. S.U. Act, 2000)
1.0 Title

These Regulations shall be called “Regulations Governing the Post-Graduate Programmes

in the Faculty of Commerce under the Choice Based Credit System,” in Karnatak
University, Dharwad.

2.0 Commencement

These Regulations shall come into force with effect from the academic year 2021-22.

3.0 Definitions

In these Regulations, unless otherwise provided.

A “Academic Council” means Academic Council of the University constituted according to
the Karnataka State Universities Act, 2000.

B “Board of Studies” means P.G. Board of Studies in Commerce, Karnatak University,

Dharwad.

C “Compulsory Course” means fundamental paper, which the student admitted to a particular
Post-Graduate Programme, should successfully complete to receive the Post Graduate
Degree in the concerned subject.

D “Course Weightage” means number of credits assigned to a particular course.

E “Credit” means the unit by which the course work is measured. One Credit means one hour
of teaching work or two Hrs of practical work per week. As regards the marks for the
courses, 1 Credit is equal to 25 marks, 2 credits are equal to 50 marks, 3 credits are equal to
75 marks and 4 credits are equal to 100 marks.

F “Cumulative Grade Point Average (CGPA)” refers to the cumulative Grade Point Average
weighted across all the semesters and is carried forward from first semester to subsequent
semesters.

G “Degree” means Post-Graduate Degree.

H “Grade” is an index to indicate the performance of a student in the selected course. These

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 Grades are arrived at by converting marks scored in each course by the candidate in both
Internal Assessment and Semester-end Examinations.

I “Grade Point Average (GPA)” refers to an indication of the performance of the student in a
given semester. GPA is the weighted average of all Grades a student gets in a given
semester.
J “Open Elective Course” means a paper offered by a Department to the students of other
Departments.

K “Post Graduate Programme” means semesterised Master’s Degree Programmes under

CBCS in the Faculty of Commerce excluding P.G. Diploma, Post Graduate International
Diploma.

L “Specialization course” means advanced paper offered by a Department that a student of

that department can opt as a special course.

M “Student” means the student admitted to programmes under (k).

N “University” means Karnatak University, Dharwad.

4.0 Minimum Eligibility for Admission

A candidate, who has successfully completed Bachelor’s Degree programme in

Commerce of this University or of any other University recognized as equivalent thereto by
this University, shall be eligible for admission to the Post Graduate Programmes in
Commerce provided the candidate also satisfies the conditions like the minimum
percentage of marks and other eligibility conditions as prescribed by the University from
time to time.

Admission shall be as per the Govt. of Karnataka Reservation Policy and directions
issued in this direction from time to time.

5.0 Duration of the Programme

The duration of study for all the P.G. Programmes shall extend over a period of two
consecutive academic years, each academic year comprising two semesters, and each
semester comprising sixteen weeks with a minimum of ninety working days.

However, the students, who discontinue the programme after one or more semesters
due to extraordinary circumstances, are allowed to continue and complete the programme
with due approval from the Registrar. Candidates shall not register for any other regular
course other than Diploma and Certificate courses being offered on the campus during the
duration of P.G. Programme.

6.0 Medium of Instruction and Evaluation

The medium of instruction for all programmes except languages shall be English.
However, the students may write the examinations in Kannada if so provided by the Board
of Studies in Commerce (PG).

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7.0 Programme Structure

7.1 The students of Post-Graduate Programme shall study the courses as may be approved by
the Board of Studies in Commerce (PG), Faculty and the Academic Council of the
University from time to time subject to minimum and maximum credits as outlined in these
regulations.
7.2 There shall be three categories of courses namely, Compulsory Courses, Specialization
Courses and Open Elective Courses.

7.3 Each programme shall have a set of Compulsory Courses, as stipulated in the regulations
governing the concerned programme, that a student must complete to get the concerned
degree.

7.4 In those programmes that offer specialization courses, the students shall choose the
prescribed number of Specialization Courses offered within the Department.

7.5 a) The Department shall offer Open Elective courses for students of other Departments in
second and third Semesters.

b) The M.Com. students of the department shall choose Open Elective courses from among
those prescribed by the University and selected by the Department from time to time.
P.G. Centers and affiliated colleges, can offer those Open Elective Courses which are
approved or prescribed by the P.G. Department of Commerce on the main campus.
Such Open Elective courses shall be taught by qualified teachers approved by the
University.

7.6 The credits for each of the Compulsory Courses shall be 4; for Specialization Course, 4; and
for Open Elective Course, 4. The credits for the project work in the IV Semester shall be 2
for dissertation and 2 for Viva-Voce.

7.7 A student shall register for a minimum of 92 credits during the whole duration of the P.G.
Programmes as stipulated in the General Regulations.

7.8 The students shall undertake project in the IV semester as a compulsory course.

7.9 The detailed programme structure for the M.Com. Course shall be as stated in Annexure –I.

8.0 Attendance

8.1 Each course shall be taken as a unit for the purpose of calculating the attendance.

8.2 Each student shall sign the attendance register maintained by the Department for each
course for every hour/unit of teaching/practical. The course teachers shall submit the
monthly attendance report to the Chairperson of the Department who shall notify the same
on the notice board of the Department during the second week of the subsequent month.

8.3 Marks shall be awarded to the student for attendance as specified in the regulations
concerning evaluation.

8.4 A student shall be considered to have satisfied the required attendance for each course if

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 he/she has attended not less than 75 % of the total number of instructional Hrs during the
semester.

8.5 There is no provision for condoning shortage of attendance.

8.6 The students who do not satisfy the prescribed requirement of attendance shall not be
eligible for the ensuing examination. Such candidates may seek admission afresh to the
given semester.

8.7 Such of the candidates who have participated in State/National level Sports, NSS, NCC,
Cultural activities and other related activities as stipulated under the existing regulations
shall be considered for giving attendance for actual number of days utilized in such
activities (including travel days) subject to the production of certificates from the relevant
authorities within two weeks after the event.

9.0 Examination

9.1 There shall be an examination at the end of each semester. The odd semester examinations
shall be conducted by the Department/P. G. Centres/ Colleges. The even semester
examinations shall be conducted by the University.

9.1.1 There shall be semester-end examination of 3 Hrs duration for the courses carrying 75
marks.
9.1.2 Every student shall register for each semester-end examination as per the University
Notification by submitting duly completed application form through the proper channel and
shall also pay the fees prescribed.

9.1.3 The Office of the Registrar (Evaluation) shall allot the Register Number to the candidate at
the 1st semester-end examination. That will be the Register Number of the candidate for all
subsequent appearances and semester-end examinations.

9.1.4 The Answer scripts shall be in the safe custody of the University for a period of six months
from the date of announcement of results.

9.1.5 The programme under CBCS is a fully carry-over system. A candidate reappearing for
either the odd or even semester examinations shall be permitted to take examinations as and
when they are conducted (even semester examination in even semester and odd semester
examination in odd semester).

9.1.6 Candidates who have failed, remained absent or opted for improvement in any course/
courses shall appear for such course/ courses in the two immediate successive examinations
that are conducted. However, in the case of the candidates appearing for improvement of
their marks, the marks secured in the previous examination shall be retained, if the same is
higher.

9.1.7 Candidates who desire to challenge the marks awarded to them, in the even semester
examinations may do so by submitting an application along with the prescribed fee to the
Registrar (Evaluation) within 15 days from the announcement of results.

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9.2 Odd Semester Examination

9.2.1 There shall be a Board of Examiners to set, scrutinise and approve question papers.

9.2.2 The BOE shall scrutinise the question papers submitted in two sets by the paper setters and
submit the same to the office of the Registrar (Evaluation).

9.2.3 The office of the Registrar Evaluation shall dispatch the question papers to the Department/
P.G.Centres/ Colleges who shall conduct the Examinations according to the Schedule
announced by the University.

9.2.4 The Chairperson of the Department/ Administrator of the P.G.Centre/ Principal of the
College shall appoint one of their full time course teachers as Post Graduate Programme
(PGP) Coordinator who shall conduct the examinations and arrange for evaluation of
answer scripts.

9.2.5 Answer scripts shall be valued by the examiners appointed by the University. However, in
those circumstances where an examiner for a particular course is not available, then the
answer scripts of that course shall be dispatched to the office of the Registrar (Evaluation)
who shall arrange for valuation of the same.

9.2.6 There shall be single valuation. The examiners (Internal or External) shall value the
answer scripts and shall indicate the marks awarded to each question on the answer script.

9.2.7 The Marks List, a copy of the Examination Attendance Sheet and the sealed bundles of the
answer scripts shall be dispatched by the PGP Coordinator to the Registrar (Evaluation)’s
Office at the conclusion of the valuation at the respective centres.

9.2.8 The Office of the Registrar Evaluation shall process and announce the results.

9.3 Even Semester:

9.3.1 There shall be a Board of Examiners to set, scrutinise and approve question papers.

9.3.2 As far as practicable, it will be ensured that 50% of the paper setters and examiners are from
other Universities/ Research Institutes.

9.3.3 Each answer script of the semester-end examination (theory and project report) shall be
assessed by two examiners (one internal and another external). The marks awarded to that
answer script shall be the average of these two evaluations. If the difference in marks
between two evaluations exceeds 20% of the maximum marks, such a script shall be
assessed by a third examiner. The marks allotted by the third examiner shall be averaged
with nearer award of the two evaluations.
Provided that in case the number of answer scripts to be referred to the third
examiner in a course exceeds minimum of 5 or 20% of the total number of scripts, at the
even semester-end examinations, such answer scripts shall be valued by the Board of
Examiners on the date to be notified by the Chairperson of the Board of Examiners and the
marks awarded by the Board shall be final.

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9.3.4 There shall be a project work in the fourth semester of the programme, the same shall be
evaluated by both internal and external examiners.

9.4 Evaluation

9.4.1 Each Course shall have two evaluation components - Internal Assessment (IA) and the
Semester End Exams.
9.4.2 The IA component in a course shall carry 25% and the Semester End Examination shall
carry 75%. Courses having 25% marks as internal assessment shall have 3 marks allotted to
attendance. However, in case of project work, the distribution of marks for Internal
Assessment and Examination shall be left to the discretion of the concerned BOS.

9.4.3 Marks for attendance shall be awarded to the students as stipulated below :

Attendance (in percentage) Marks

Above 90 3
Above 80 and up to 90 2
Above 75 and up to 80 1
75 No marks

9.4.4 Internal Assessment (IA) shall be based on written tests/ assignments/ seminars and /or any
other instructional activity. However, the number of IA components per course per semester
shall not be less than two.

9.4.5 The IA marks list shall be notified on the Department notice board as and when the
individual IA components are completed and the consolidated list shall be submitted to the
Office of the Registrar Evaluation before the commencement of semester-end examination.

9.4.6 The tests shall be written in a separately designated book supplied by the University which
shall be open for inspection by the students after evaluation.

9.4.7 There is no provision for seeking improvement of Internal Assessment marks.

9.4.8 The IA records, pertaining to Semester Examination, shall be preserved by the

department/Centres/Colleges for a period of one year from the date of semester
examination. These records may be called by the University or a body constituted by the
University as and when deemed necessary.

9.4.9 The project viva-voce shall be conducted by an internal and external examiner.

10.0 Maximum duration for completion of the Programme

10.1 A candidate admitted to a post graduate programme shall complete it within a period, which
is double the duration of the programme from the date of admission.

10.2 Whenever the syllabus is revised, the candidate reappearing shall be allowed for the
examinations only according to the new syllabus.

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11.0 Declaration of Results

11.1 The minimum for a pass in each course shall be 40% of the total marks including both the
IA and the semester-end examinations. Further, the candidate shall obtain at least 40% of
the marks in the semester-end examination. There is no minimum for the IA marks.
11.2 Candidates shall secure a minimum of 50% in aggregate in all courses of a programme in
each semester to successfully complete the programme.
11.3 Candidates shall earn the prescribed number of credits for the programme to qualify for the
PG Degree.

11.4 For the purpose of announcing the results, the aggregate of the marks secured by a
candidate in all the semester examinations shall be taken into account. However, Ranks
shall not be awarded in case the candidate has not successfully completed each of the
semesters in first attempt or has not completed the programme in the stipulated time (vide
Regulation 5) or had applied for improvement of results.

12.0 Marks, Credit Points, Grade Points, Grades and Grade Point Average

12.1 The grade points and the grade letters to candidates in each course shall be awarded as
follows:

Percentage of marks Grade Points Grade Letter

75 and above, up to 100.00 % 7.50 to 10.00 A
60 and above but less than 75 % 6.00 and above but less than 07.5 B
50 and above but less than 60 % 5.00 and above but less than 6.0 C
40 and above but less than 50 % 4.00 and above but less than 05.00 D
less than 40.00 % Less than 4.00 F

12.2 Credit Point(CP): The Credit Point for each course shall be calculated by multiplying the
grade point obtained by the credit of the course.

12.3 The award of Grade Point Average (GPA) for any student is based on the performance in
the whole semester. The student is awarded Grade Point Average for each semester based
on the Total Credit Points obtained and the total number of credits opted for. The GPA is
calculated by dividing the total credit points earned by the student in all the courses by the
total number of credits of those courses of the semester.

12.4 The Cumulative Grade Point Average (CGPA) shall be calculated by dividing the total
number of credit points obtained in all the semesters by the total number of credits in all the
semesters. The CGPA to date shall be calculated by dividing the total number of credit
points in all the semesters to date by the total number of credits in all the semesters to date.

CGPA for the I Semester = Sum of the CP of the I Semester

Sum of the credits of the I Semester

CGPA for the II Semester = Sum of the CP of the I Sem + Sum of the CP of II Sem.
Sum of the credits of the I Semester + II Semester

CGPA for the III and IV Semesters shall be computed accordingly.

12.5 The Grade Card at each semester examination shall indicate the courses opted by the

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 student, the credit for the course chosen by the student, the credit points obtained in each
course, the grade letter and the grade point average. No class shall be awarded for each
semester and the same would only be awarded at the end of all the semesters based on
Cumulative Grade Point Average.

12.6 Class shall be awarded to the successful candidates based on the Cumulative Grade Point
Average (CGPA) as specified below:

Cumulative Grade Point Average Class to be awarded

(CGPA)
7.5 to 10.0 First class with Distinction
6.0 and above but below 7.5 First Class
5.0 and above but below 6.0 Second Class

13.0 Miscellaneous
A Notwithstanding anything contained in these regulations, the semester system at Post-
Graduate level is hereby repealed.

B The provisions of any order, Rules or Regulations in force shall be inapplicable to the extent
of its inconsistency with these Regulations.

C The univesity shall issue such orders, instructions, procedures and prescribe such format as
it may deem fit to implement the provisions of this Regulations.

D The procedural details may be given by the University from time to time.

E Any unforeseen problems/ difficulties may be resolved by the Vice Chancellor, whose
decision in the matter, shall be final.

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 PROJECT WORK
BROAD GUIDELINES RELATING TO PROJECT WORK

The student shall take up a project work in the elective selected by him/her during the
IV Semester. The rationale behind the introduction of project work is to :
a) Expose the students to various operational aspects of business organizations.
b) Help them to sharpen their writing skills ; and
c) Channelise their thinking towards the application of the concepts that are learnt in the
course.
The Project may be :
a) Comprehensive case study
b) Inter-organizational study
c) Field study

Project Report :
The information collected through project work has to be presented in an organized
and structured way. The suggested pattern of the report is as under ;
Chapter : I Introduction
 Need of the Study
 Objectives
 Methodology

Chapter : II Conceptual Frame work of the Problem selected

Chapter : III Background of the sample unit or size
(in case of case study or sample - based study)

Chapter : IV Analysis of Data

Chapter : V Findings and suggestions
Bibliography
The subject matter organized as above has to be neatly typed and submitted in the
hard bound/spiral bond form. The ideal size of the report may be in the range of 50 to 60
pages.
Submission of Project Report :
Two copies of the Project Report shall be submitted to the Chairman, Department of
Studies in Commerce through Local Head or Principal concerned.

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11
 Annexure – I
The programme structure for the M.Com. Degree

Semesters Courses (Hrs) Credits Total credits

Compulsory Specialization Open Elective Compulsory Specialization Open Elective
courses courses courses (chosen courses courses courses
from other
Depts.)
I 5 (4) --- 20 --- 20
II 5 (4) --- 1(4) 20 --- 04 24
III 2(4) 3(4) 1(4) 08 12 04 24
IV 2(4) 3(4) 12 12 24
1(4) (Project
report)
Total 92
Note: The Department shall offer at least one open elective course carrying four credits in second and third semesters for the students of
other departments.

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 PART-B
Detailed Course Structure of the M.Com Programme

Max.
Marks
PROGRAMME Total Hrs/
CODE IA Sem. Credits
Subjects Marks week
end
Exam
1st Semester
Compulsory Courses
PG63T101 Marketing Management 25 75 100 04 04
PG63T102 Financial Management 25 75 100 04 04
PG63T103 Organizational Behaviour 25 75 100 04 04
PG63T104 Strategic Management 25 75 100 04 04
PG63T105 Security Analysis and Portfolio 25 75 100 04 04
Management
Total marks/credits for the First 125 375 500 20 20
Semester
nd
2 Semester
Compulsory Courses
PG63T201 Financial Reporting Standards 25 75 100 04 04
PG63T202 Mergers and Acquisitions 25 75 100 04 04
PG63T203 Business Research Methods 25 75 100 04 04
PG63T204 Strategic Human Resource 25 75 100 04 04
Management
PG63T205 Economic Analysis for Managerial 25 75 100 04 04
Decisions
PG63T206 Open Elective Course ( To be 25 75 100 04 04
chosen from the courses offered by
the other Departments)
Total marks/credits for the Second 150 450 600 24 24
Semester
Open Elective Course
( meant for the students of other
Departments)
Introduction to Business 25 75 100 04 04

3rd Semester
Compulsory Courses
PG63T301 Accounting Information System 25 75 100 04 04
PG63T302 International Finance 25 75 100 04 04
Specialization Groups

Group A (Cost Management and Control )

PG63T303A Operations Management 25 75 100 04 04

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PG63T304B Cost Management 25 75 100 04 04

PG63T305C Advanced Management 25 75 100 04 04

Accounting

Group B (Accounting and Taxation)

PG63T303A Company Accounts 25 75 100 04 04

PG63T304B Accounting for Specialized 25 75 100 04 04

Institutions
PG63T305C Corporate Tax Planning – I 25 75 100 04 04
(Direct Taxes)

Group C (Accounting & Finance)

PG63T303A Company Accounts 25 75 100 04 04

PG63T304B Accounting for Specialized 25 75 100 04 04
Institutions
PG63T305C Basics of Derivatives 25 75 100 04 04

Group D (Finance)

PG63T303A Basics of Financial Econometrics 25 75 100 04 04

PG63T304B Corporate Financial Risk 25 75 100 04 04

Management
PG63T305C Basics of Derivatives 25 75 100 04 04

Group E (Banking and Finance)

PG63T303A Principles of Bank Management 25 75 100 04 04

PG63T304B Corporate Financial Risk 25 75 100 04 04

Management
PG63T305C Basics of Derivatives 25 75 100 04 04

PG63T306 Open Elective Course 25 75 100 04 04

( To be chosen from the courses
offered by the other departments)

Total marks/credits for the Third 150 450 600 24 24

Semester

14
 Open Elective Course
( meant for the students of other
Departments)
Digital Marketing 25 75 100 04 04

4th Semester
IV Compulsory Courses
PG63T401 Business Data Communication And 25 75 100 04 04
Networking
PG63T402 Corporate Governance 25 75 100 04 04
Specialization Groups

Group A (Cost Management & Control )

PG63T403A Strategic Cost Management 25 75 100 04 04

PG63T404B Quantitative Methods for Cost 25 75 100 04 04
Accountants
PG63T405C Cost and Management Audit 25 75 100 04 04
PG63T406 Project Report and 50 100 - 04
Viva Voce 50

Group B (Accounting and Taxation)

PG63T403A Contemporary Issues in 25 75 100 04 04

Accounting
PG63T404B Corporate Tax Planning – II 25 75 100 04 04
(GST and Customs) *
PG63T405C International Taxation 25 75 100 04 04

PG63T406 Project Report and Viva Voce 50 100 - 04

50

Group C (Accounting & Finance)

PG63T403A Contemporary Issues in Accounting 25 75 100 04 04

PG63T404B Business Analysis and Valuation 25 75 100 04 04
PG63T405C Project Finance 25 75 100 04 04
PG63T406 Project Report and Viva Voce 50 100 - 04
50

Group D ( Finance )

PG63T403A Behavioural Finance 25 75 100 04 04

PG63T404B Business Analysis and Valuation 25 75 100 04 04

15
PG63T405C Project Finance 25 75 100 04 04
PG63T406 Project Report and Viva Voce 50 100 - 04
50

Group E ( Banking and Finance )

PG63T403A Financial Management of 25 75 100 04 04

Commercial Banks
PG63T404B Business Analysis and Valuation 25 75 100 04 04
PG63T405C Project Finance 25 75 100 04 04
PG63T406 Project Report and Viva Voce 50 100 - 04
50

Total marks/credits for the Fourth 125 475 600 24 24

Semester
GRAND TOTAL (SEMESTER 550 1750 2300 88 92
I,II,III& IV)
Notes: 1. The syllabus of this paper shall be dealt in as per the current issues in
GST and customs Laws for the relevant previous/academic year
2.The students shall opt any one of the Specialization Groups in the III Semester
and the same Specialization Group will be continued in the IV Semester.

PROGRAMME SPECIFIC OUTCOMES (PSOS)

After completion of this programme, the student will be able to:

1. Understand the knowledge of advanced commerce and Accounting

education in the globalised era.
2. Learn the managerial skill and operational techniques to handle the
marketing and financial resources and their by develop new
services and facilities.
3. Learn logic behind Accounting techniques and its importance in
the Finance and Accounting field and usage of knowledge about
financial decisions in organisation.
4. Learn skill and competency to handle strategy in the various
organisations along with human, capital, and other related resource
management.
5. Impart knowledge of organisational behaviour, study of research
tools techniques and understand the analysis of various economic
decisions in business.

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 6. Learn effective use of different techniques of Cost, Taxation,
Bank, Financial management along with computerised information
system
7. Contribution to Commerce and Accounting field by inculcating
research methodology, presentation skills and other necessary hard
and soft core skills.

PART-C
Detailed Syllabi of M.Com Course
M.COM. I - SEMESTER

Paper Code PG63T101: Marketing Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO1 Learn marketing concepts and techniques and understand marketing strategies in
modern technological era
CO 2 Design, brand, pack and distribute innovative products in a market.
CO 3 Price appropriately the products, services etc. so as to meet cost calculation and
customers’ requirements.
CO 4 Design effective advertising and sales promotion strategies for different modes of
marketing.
CO 5 Analyze the marketing performance of organisations and design effective corrective
measures.
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Marketing Concepts and Tools:
Meaning and definition of marketing – scope of marketing-core marketing concepts –
evaluation of marketing concepts and its stages – objectives of marketing – building
12 Hrs
customer satisfaction, value and retention; tasks of marketing management; developing
marketing strategies and plans.
Unit 2: Marketing Environment and Scanning:
Concept and types of marketing environment; classification and influence of macro
environment; marketing research – scope, importance and process; market
segmentation – bases and effective segmentation criteria; consumer markets – 12 Hrs
influences and key psychological processes; buying decision process; analyzing
business markets – organizational buying, participants and buying process
Unit 3: Product Strategy
Characteristics and Classification; Product design; product & brand relationship;
packing, labeling, warranties and guarantees; new product design – types, challenges
and process; branding - meaning and importance; brand positioning – developing and 14 Hrs
positioning; choosing specific POPs and PODs; approaches; brand equity – meaning,
models, building and measurement.

17
Unit 4: Pricing and Distribution Strategies
significance & setting the price; pricing methods; promotional and differentiation
pricing; designing and managing integrated marketing channels – meaning and
14 Hrs
importance; multichannel marketing – digital channels; channel design decision and
channel management
Unit 5: Designing Marketing Communication
role and communication mix; process models; developing effective communication;
developing and managing advertising programme; sales promotion; digital
communication – online marketing, social media and mobile marketing – advantages
12 Hrs
and disadvantages Market-oriented strategic planning- corporate and division strategic
planning – business strategic planning.

Suggested Readings:
1. Philip Kotler and Kevin Keller, Marketing Management, Pearson
Education, New Delhi.
2. V S Ramaswamy, Marketing Management: A Strategic Decision
Making Process, TMH, New Delhi.
3. Rajan Saxena, Marketing Management, TMH, New Delhi.
4. Gandhi, Marketing: A Managerial Introduction, TMH, New Delhi.
5. William Stanton, Fundamentals of Marketing, TMH, New Delhi.
6. Ramaswamy and Namakumari, Marketing Management, Macmillan,
Delhi.
7. J S Panwar, Marketing in the New Era, Response Books, Delhi.
8. Majare, The Essence of Marketing, PHI, New Delhi.
9. Paul Peter and James H Donnelly, Marketing Management, TMH, New
Delhi.
10. Mulins, Marketing Management, TMH, New Delhi.

Paper Code PG63T102: Financial Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design an appropriate mix of equity and debt sources of capital.
CO 2 Perform the difficult task of cash flow forecasting in investment decisions and identify
the most acceptable decisions
CO 3 Recommend balanced dividend pay-out ratio for the corporates.
CO 4 Ensure effective and efficient utilisation of working capital funds both in total and in
parts.
CO 5 Enhance corporate value by sound financial management and to maximize the wealth
of investors
Teaching
PARTICULARS
Hrs (Max.

18
 64)
Unit 1: Financial Management:
An overview – nature, significance and scope of corporate financial management,
objectives of finance function and agency theory, finance function and its relationship
11 Hrs
with other disciplines, risk-return trade-off; organization of finance function; recent
trends and contemporary issues.
Unit 2: Leverages and Capital Structure Theories and Determinants:
Concept, types, importance and measurement of various leverages; concept of financial
and capital structures; classification - theories of capital structure – NI, NOI, MM and
14 Hrs
traditional approaches; MM approach and corporate and personal income taxes;
determinants of capital structure and capital structure practices of Indian companies.
Unit 3: Capital Budgeting Decisions
Concept, significance, nature and classification of capital budgeting decisions; cash
flow computation – incremental approach; evaluation criteria-payback period, ARR,
NPV, IRR and PI methods; NPV v/s IRR comparison, MIRR - capital rationing 14 Hrs
decisions;, capital budgeting under risk and uncertainty – meaning of risk and
uncertainty – methods of incorporating risk and uncertainty..
Unit 4: Dividend Decisions
Concepts and classification, legal provisions relating to dividends in India; dividend
and market valuation – Walter’s Model, Gordon’s Model and MM approach; factors 11 Hrs
affecting dividend decision; dividend policies in practices of Indian companies
Unit 5: Working Capital Management
concepts, importance, classification and factors determining working capital,
computation through operating cycle approach; Walker’s Four Part Theory of Working
14 Hrs
capital management; investment and financing policies – cash, inventory, receivables
and payable management – concept, significance and methods of management.
Suggested Readings:
1. I M Pandey, Financial Management, Vikas Publications, New Delhi.
2. Khan and Jain, Financial Management, TMH, New Delhi.
3. Prasanna Chandra, Financial Management, TMH, New Delhi.
4. Damodaran, Corporate Finance, Wiley Publications, New Delhi.
5. Brealey, Myers, Allen and Mohanty, Principles of Corporate Finance, TMH,
New Delhi.
6. Ross, Westerfield, Jaffe and Kakan, Corporate Finance, TMH, New Delhi.
7. E F Brigham and Ehrhardt, Financial Management – Theory and Practice,
Cengage Learning, New Delhi.
8. Van Horne and Sanjay Dhamjia, Financial Management and Policy, Cengage
Learning, New Delhi.
9. Jonathan Berk, Peter Demarzo and Ashok Thampy, Financial Management,
Pearson Education, New Delhi.
10. Copeland, Weston Shastri and Katz, Financial Theory and Corporate Policy,
Pearson Education, New Delhi.

19
Paper Code PG63T103: Organisational Behaviour
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Developing a compatible organisational behaviour and individual behaviour in
business organisations
CO 2 Designing effective techniques of enhancing satisfaction level of individuals
CO 3 Creating innovative and effective organisational leaders
CO 4 Resolve organisational conflicts amicably causing reduced hardships to organisation
and employees
CO 5 Designing effective stress management and change management approaches
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction:
Concept, nature and importance of organization and organization theory – basic
elements and types of organization; organizational behavior (OB) – concept, nature,
12 Hrs
importance and limitations; contributing disciplines to the field of organizational
behavior; stage in the evaluation of OB; models of OB.
Unit 2: Individual Behaviour:
Foundations of individual behavior; values, attitudes, personality and emotions;
methods of changing employee attitudes; values – concept, types and influence on 12 Hrs
human behavior; job satisfaction – concept, factors and outcomes.
Unit 3: Group Behaviour
Nature of groups; types and determinants of group behavior; process of group
14 Hrs
formation; group norms, group cohesiveness, small groups, team building.
Unit 4: Linkage between Behavior and Management Functions
Decision making – process of decision-making; policy formulation; Leadership –
Concept and theories of leadership; leadership styles, directing and disciplining;
14 Hrs
Motivation – nature, importance, basic motivation process; theories relating to
motivation; effective communication.
Unit 5: Organizational Conflict
Nature and implications of conflict; causes and effect; conflict resolution process and
techniques; transactional analysis; work stress – coping the stress and change 12 Hrs
management.
Suggested Readings:
1. Robbins, Judge and Vohra, Organisational Behaviour, Pearson Education,
New Delhi.
2. M Parikh and Rajen Gupta, Organizational Behaviour, TMH, New Delhi.
3. C B Gupta, Organisational Behaviour, Sultan Chand & Sons, New Delhi.
4. Uma Sekaran, Organisational Behaviour – Text and Cases, TMH, New Delhi.
5. K Ashwathappa and G Sudarshan Reddy, Organizational Behaviour – Text,
Cases and Games, HPH, Mumbai.
6. Kalliath Brough and O Manimalla, Organizational Behaviour, TMH, New
Delhi.
7. Ricky Grifin, Organizational Behaviour, Managing People and Organizations,
Cengage Learning, New Delhi.

20
 8. Fred Luthans, Organizational Behaviour, TMH, New Delhi.
9. Uday Narain Pareekh, Understanding Organisational Behaviour, Oxford
University Press, New Delhi.
10. Gupta N S, Organizational Theory and Behaviour, HPH, Mumbai.

Paper Code PG63T104: Strategic Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Enlightening the top echelons on the linkages between vision, mission and strategies
CO 2 Develop strategies keeping core competencies acquired over the years
CO 3 Develop competitive building blocks and design approaches to increase competitive
advantage
CO 4 Enlighten all stake holders on the linkages between strategy formulation,
implementation and evaluation
CO 5 Identify endogenous and exogenous forces influencing strategic decision making
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Strategic Management:
Concept of Strategy and Strategic Management; nature and scope of strategic
management, types of strategies - intentional and emergent – functional classification;
12 Hrs
levels of strategic management, formal planning and strategic intent, strategic planning
process, strategic management v/s operational management, GAP analysis.
Unit 2: Corporate Mission and Objectives:
Concept of mission and vision, constituents of corporate mission, stakeholders – goals
and corporate mission; objectives – concept, hierarchy and importance of objectives 12 Hrs
setting, corporate governance and strategy, ethics in strategic management.
Unit 3: External and Internal Analysis
Concept of environment, types and importance environment analysis; PEST analysis;
analysis of Michael Porter’s Five Forces Model, strategic groups and preparation of
ETOP; internal analysis – concept of competitive advantage, generic building blocks, 14 Hrs
core competencies and competitive advantage – resources and capabilities; value chain
analysis; internal factor analysis and preparation of SAP.
Unit 4: Strategy Formulation and Implementation
Strategic planning and approach to strategic formulation, developing alternative
strategies, types of strategies; strategy activation, policies, organization structure, 14 Hrs
resources, commitment and corporate culture.
Unit 5: Strategic Evaluation and Control
Concept and purposes of strategic evaluation and analysis, GAP analysis; strategic
12 Hrs
control system; ROI, budgeting, auditing systems; feedback and information systems.
Suggested Readings:
1. Hill and Jones, Strategic Management– Text & Cases, Cengage Learning,
New Delhi.
2. John A Pearce,Richard Robinson and Amita Mital, Strategic Management
– Formulation, Implementation and Control, TMH, New Delhi.
3. Lawrence Jauch and William F Glueck, Business Policy and

21
 Strategic
Management, TMH, New Delhi.
4. Hitt, Ireland, Hoskisson and Manikutty, Strategic Management, Cengage
Learning, New Delhi
5. R Srinivasan, Strategic Management – The Indian Content, PHI, New
Delhi.
6. Dess, Eisner, Lumpkin and McNamara, Strategic Management: Creating
Competitive Advanages, TMH, New Delhi.
7. Upendra Kachru, Strategic Management, TMH, New Delhi.
8. Azar Kazmi, Strategic Management and Business Policy, TMH, New
Delhi.
9. G Hamel and C K Pralhad, Competing for the Future, Free Press, New
York.
10. M.E.Porter, Competitive Advantage, Free Press, New York.

Paper Code PG63T105: Security Analysis and Portfolio Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Function as independent investment consultants and design investment plan based on
one’s requirements and resources
CO 2 Develop valuation models for corporate stocks and bonds
CO 3 Assist individual and firms in developing efficient investment portfolios
CO 4 Identify by types and nature of investment alternative
CO 5 Identify all variables – economic, industry, company and psychological variable
influencing market valuation of scrips
CO 6 Bring out the significance of regulatory performance of SEBI, PFRDA, IRDA stock
exchanges etc
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Investment:
Meaning, nature, objectives and scope; investment, speculation
and gambling; investment plan; avenues of investment - marketable and
non-marketable securities; development of debt and stock markets in India; stock
trading mechanism; stock exchanges in India – demutualization and 12 Hrs
corporatisation – stock indices – meaning, types and methods of developing
stock indices – BSE & NSE stock indices; financial regulation – meaning and
importance; role of SEBI as a market regulator
Unit 2: Security Analysis:
Meaning and methods; Fundamental Analysis – meaning and importance; Economic
Analysis- significance, process and determinants;
Industry Analysis- industry life cycle analysis and Five-Forces Model;
Company Analysis – nature, scope and methods of analysis; Technical
12 Hrs
Analysis – meaning and significance; fundamental analysis v/s technical
analysis; Dow theory, classification of trends; chart types and patterns;
technical indicators and evaluation of technical analysis – Efficient Market
Hypothesis (EMH) – meaning and classification of EMH; random walk

22
theory; testing of EMH; equity valuation – meaning and methods –
accounting, cash flow and dividend valuation models; estimating return and
risk of securities.
Unit 3: Portfolio Theory
Meaning and classification of portfolio theories –
traditional and modern – assumptions; Modern Portfolio Theory of
Markowitz – principles and assumptions – estimating return and risk of two-
14 Hrs
stock, three-stock and infinite stocks; determination of optimum portfolio;
minimum variance portfolio; leveraged and unleveraged portfolios – capital
allocation line and capital market line.
Unit 4: Sharpe’s Single Index Model
Meaning of single factor and single index models –assumptions and estimating
return and risk; development of
optimum portfolio; Asset Pricing Model – meaning and types; - Capital
Assets Pricing Model of William Sharpe – assumptions – systematic and
unsystematic risks - security market line and characteristic line – estimating 14 Hrs
beta and alpha of efficient portfolio; market portfolio, empirical evidence on
CAPM.; Arbitrage Pricing Theory and Multi-Factor Models – meaning,
assumptions, and estimating return and risk of portfolio – beta coefficients
for macro-factors; arbitrage opportunity.
Unit 5: Portfolio Revision and Performance Evaluation
Portfolio Revision and Performance Evaluation – Meaning and Necessity of Portfolio
revision; evaluation methods - Rate of Return and risk – variability and beta –
2 12 Hrs
performance measures – Treynor Measure, Sharpe Measure, Jensen Measure – M
Measure, Fama’s Measure of Net Selectivity Method.
Suggested Readings:
1. Prasanna Chandra, Investments Analysis and Portfolio Management,
TMH, New Delhi.
2. Punithavathy Pandian, Security Analysis and Portfolio Meangement,
HPH, Mumbai.
3. Ranghanathan, Security Analysis and Portfolio Management, Pearson
Publications, New Delhi.
4. Fisher D E and Ronald Jordon, Security Analysis and Portfolio
Management, Pearson Education, New Delhi.
5. Francis, Investments, TMH, New Delhi.
6. Bodie, Kane, Marcus and Mohanty, Investments, TMH, New Delhi.
7. Graham and Dodd, Security Analysis, TMH, New Delhi.
8. Reilly and Brown, Investment Analysis and Portfolio Management,
Pearson Publication, New Delhi.
9. Herbert Mayo, Investments: An Introduction, Cengage Learning, New
Delhi.
10. Copeland, Weston, Shastri and Katz, Financial Theory and Corporate
Policy, Pearson Education, New Delhi.

23
 M.COM II SEMESTER
Paper Code PG63T201: Financial Reporting Standards
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop skills in translating financial statements as per Indian GAAPs into US
GAAPs and IFRS
CO 2 Identify the gaps in Ind Accounting Standards and IFRS
CO 3 Enable the student to act as independent practitioner and resolve complex accounting
issues
CO 4 Develop professional knowledge and expertise in resolving corporate accounting
issues
CO 5 Structure the effective reporting mechanism among businesses
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Financial Reporting;
Concept, nature and scope of financial reporting; purposes and users of financial
reports; qualities of financial reports, types of financial reports, major issues involved
in financial reporting, accounting frauds,- misstatement and restatement and impact on
12 Hrs
reporting; Framework for preparation and presentation of financial statements- scope
and application, users, objectives, underlying assumptions, characteristics, elements,
recognition and measurements.
Unit 2: Indian Accounting Standards (IND AS);
Introduction, Meaning, objectives, types, significance of Indian accounting standards,
development of accounting standards in India and the world over-USA and UK, IFRS
and Ind AS, applicability, Carve-outs/carve-in; first time adjustment and transition 12 Hrs
adjustments; Ind AS (Ind AS 2, 7).; Meaning, scope, coverage, applicability,
recognition, measurement and disclosure and problems relating to these IAS
Unit 3: Ind AS( 12, 16, 19, 21, 23);
Meaning, scope, coverage, applicability, recognition, measurement and disclosure and
14 Hrs
problems relating to these IAS
Unit 4: Ind AS(28, 33, 36, 38, 40);
Meaning, scope, coverage, applicability, recognition, measurement and disclosure and
14 Hrs
problems relating to these IAS
Unit 5: Ind AS (102, 105, 109, 110, ,113) ;
Meaning, scope, coverage, applicability, recognition, measurement and disclosure and
12 Hrs
problems relating to these IAS
Suggested Readings:
1. D.S.Rawat; Students’ Guide to Ind AS, coverage IFRS, Taxmann
Publication, New Delhi.
2. Rajakumar S Adukia; Hand book on Indian Accounting Standards(Ind AS)
converged global accounting standards, Taxmann Publication, New Delhi
3. D.S.Rawat; Students Guide to Financial Reporting with applicable Ind As
coverage IFRS, Taxmann Publication, New Delhi.
4. Praveen Sharma and Kapileshwar Bhalla;Financial Reporting, Taxmann

24
 Publication, New Delhi.
5. Dolphy D Souza and Vishal Banasal; India AS, Taxmann Publication, New
Delhi.
6. G.Shekhar and Sarvana Prashant, CCH Indian Books.
7. B.D.Chattarajee;Illustrated Guide to Indian Accounting Standards(Ind AS),
Taxmann Publication, New Delhi.
8. Kamal Garg; Practical Guide to Ind AS, Bharat Law House Pvt Ltd.
9. M.P.Vijayakumar;First Lessons in Financial Reporting, Snow White
Publication, Mumbai.
10. Charles H Gibson; Financial Reporting and Analysis, Cenage Learning,
New Delhi
11. L.S.Porwal; Accounting Theory; Tata Mcgraw Hill, New Delhi.
12. Andrew Higson:Corporate Financial Reporting-Theory and Practice, Sage
Publication, New Delhi.
13. Barrie Elliot and Jamie Elliot; Financial Accounting and Reporting, PHI
New Delhi

Paper Code PG63T202: Mergers and Acquisitions

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Work as independent consultant on various dimensions of mergers
CO 2 Create suitable valuation approaches for firms involved in M&As and suitable
exchange ratios.
CO 3 Structure M&A deals after undertaking due diligence
CO 4 Develop a proper blend of financial and legal measures to thwart hostile takeovers
CO 5 Design effective exit and entry strategies in restructuring corporate activities
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Mergers and Acquisitions;
Meaning, types and motives for mergers; merger waves – meaning, classification and
reasons; industrial shocks and industrial clustering in mergers; theories of corporate
mergers - efficiency theories, information and signaling, agency problems and 12 Hrs
managerialism etc; measurement of cost and benefits of mergers; sources and
measurement of value creation in mergers
Unit 2: Valuation and Financing of Mergers:
Merger Process – Steps involved and characteristics of target companies–due diligence
process – target valuation methods; determination of stock exchange ratio – book 12 Hrs
value, EPS and MPS methods –usefulness of P/E ratio; methods of payment;
Unit 3: Legal process of mergers in India:
Merger failures – meaning, reasons and strategies to control merger failures; methods
14 Hrs
of analysis of post-merger performance; analysis of merger trends and failures in India.
Unit 4: Market for Corporate Control:
Meaning, objectives and types of takeovers; open offer v/s tender offer; SEBI’s 14 Hrs

25
 takeover code – meaning, objectives and broad takeover guidelines of SEBI; takeover
defenses-need, types and effect of takeover defenses; takeovers in India and defenses
employed; financing of takeovers.
Unit 5: Other forms of restructuring;
Restructuring-meaning, reasons and significance of corporate restructuring; forms of
restructuring –expansion, sell-offs, corporate control and changes in ownership
structure; sources and measurement of value creation in corporate restructuring; 12 Hrs
corporate restructuring in India-private and public sector enterprises; effects of
restructuring.
Suggested Readings:
1. J.F. Weston, K S Chung & S E Hoag, Mergers Restructuring and Corporate
Control, PHI, New Delhi.
2. J.F. Weston, Mitchell and Mulherin, Takeovers, Restructuring and Corporate
Governance, Pearson Publications, New Delhi.
3. Patrick Gaughan, Mergers, Acquisitions and Corporate Restructuring,John
Wiley, New Delhi.
4. Robert F Bruner, Applied Mergers and Acquisitions, John Wiley Publications,
New Delhi.
5. Donald M DePamphilis, Mergers, Acquisitions and Other Restructuring,
Elsevier, New Delhi.
6. Amy L Pablo and Mansour Javidan, Mergers and Acquisitions, Blackwell
Publications, New Delhi.
7. Sudi Sudarsham, Creating Value through Mergers and Acquisitions, Pearson
Education New Delhi.
8. I M Pandey, Financial Management, Vikas Publications, New Delhi.
9. Khan and Jain, Financial Management, TMH, New Delhi,
10. Prasanna Chandra, Financial Management, TMH, New Delhi.

Paper Code PG63T203: Business Research Methods

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design an effective business analysis report based on internal and external data sources
CO 2 Develop the regression models based on individual business characteristics
CO 3 Put business performance to rigorous statistical analysis to identify trends and causative
relationship
CO 4 Create a reporting mechanism
CO 5 Prepare questionnaires, schedules, etc. to elicit responses to quires
Teaching Hrs
PARTICULARS
(Max. 64)
Unit 1: Business Research:
A theoretical framework: concept of business research, importance of research in
business decisions, business research process, business research design 12 Hrs

26
Unit 2: Data collection in business research:
Methods and techniques of data collection, sampling and sampling design,
12 Hrs
questionnaire designing and development, attitude measurement and scaling
Unit 3: Organisation of business research:
Defining business research problem, formulation of hypotheses, testing of hypotheses,
14 Hrs
experimental design
Unit 4: Data processing and analysis in business research:
Coding tabulation, data presentation, description and inferences from sample data,
analysis of association. Multivariate analysis regression analysis, discriminant analysis, 14 Hrs
factor analysis, cluster analysis and multi-dimensional scaling.
Unit 5: Report writing and presentation in business research:
Substance of report writing and presentation, presentation of business research reports.
10 Hrs
Suggested Readings:
1. William G. Zikmund and Atanu Adhikari, Business Research Methods,
Cengage Publications, New Delhi.
2. Prahalad Mishra, Business Research Methods, Oxford University Press, New
Delhi.
3. Uma Sekaran and Roger Bougie, Research Methods for Business, Wiley
Publications, New Delhi.
4. Donald Cooper, Pamela Schindler and J K Sharma, Business Research
Methods, TMH, New Delhi.
5. Naval Bajpai, Business Research Methods, Pearson Publications, New Delhi.
6. John C Carr, Atanu Adhikari, Mitch Griffin and Barry Babin, Business
Research Methods, Cengage Publications, New Delhi.
7. Clover Vernon T. and Howard Basley, Business Research Methods, Ohio
Grid Publishing, Columbus.
8. Michel V.P., Research Methodology in Management, Himalaya, Bombay.
9. Emory C.William, Business Research Methods, Macmillan Publishing
Co.,New York.

10. Alan Bryman and Emma Bell, Business Research Methods, Oxford
University Press, New Delhi

Paper Code PG63T204: Strategic Human Resource Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Work as an independent consultant in designing a suitable strategy for HRM
CO 2 Contribute in developing linkages between structure and HRM
CO 3 Develop an effective and highly rewarding comparative strategy
CO 4 Develop suitable training, development etc methods to strategize employees
CO 5 Enlighten top executives on linkages between global and domestic HRM

27
 Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction
Meaning, definition, objectives, scope and advantages of strategic HRM; strategic
HRM v/s traditional HRM; evolution of SHRM – globalization; approaches to SHRM
– universalist and contingency approaches; strategic role of HR function; foundations
of SHRM – Resource based view and Institutional Perspective; Strategic framework 12 Hrs
for HRM; matching HR Strategy with business strategies; HR Strategies – meaning,
purpose, nature, types, developing, implementing and evaluating HR Strategies; HR
Responsibilities and Roles; competitive challenges in SHRM.
Unit 2: Strategic HR Planning :
Temporary v/s permanent employees; internal v/s external recruiting; methods of
recruiting – selection, interviewing and testing; strategic training and development –
10 Hrs
benefits, planning and strategising training; organisational development – strategic
HRD – philosophy and elements; organizational and individual learning strategies;
Unit 3: Strategic Performance Management:
Meaning, objectives, purpose, and process of performance management and
performance appraisal; methods of performance appraisal – 360 degree, balanced
scorecard; elements of effective performance appraisal system; Strategic Knowledge 10 Hrs
Management-building knowledge management into strategy framework, knowledge
sharing; Strategic approach to industrial relations, outsourcing & its HR implications
Unit 4: Reward/Compensation Strategy:
Meaning, need, characteristics, basis, content, guiding principles and developing
reward/compensation strategies; legal issues in compensation; executive
compensation; SHRM and Talent Management, Employee Relations and Engagement
– strategic dimensions of talent management, process, development and evaluating 12 Hrs
talent management strategy; employment relations – perspective, methods and legal
regulation; implementing employee voice; employee engagement – meaning, outcomes
and consequences of engagement
Unit 5: Global human resource management:
Difference between global HRM & domestic HRM; strategic HR issues in global
assignments – expatriates selection & repatriation; building a multicultural
10 Hrs
organization- multinational organization, strategic choice, leadership & strategic issues
in international assignment
Suggested Readings:
1. Agarwala Tanuja, Strategic Human Resource Management, Oxford
University Press, New Delhi.
2. Dhar, Rajib Lochan. (2008). Strategic Human Resource Management, Excel
Books, New Delhi.
3. Tapomoy Deb, Strategic Human Resource Management, Atlantic Publishers,
New Delhi.
4. Rajib Lochan Dhar, Strategic Human Resource Management, Excel Books,
New Delhi.
5. Mohsin Shaikh, Essentials of Strategic Human Resource Management,
Banyan Tree Consulting, Pune.
6. Armstrong, Michael & Baron Angela, Handbook of Strategic HRM, Jaico
Publishing House, New Delhi.

28
 7. Mello, Jeffrey A, Strategic Human Resource Management, Cengage
Publications, New Delhi.
8. Regis, Richard, Strategic Human Resource Management & Development,
Excel Books, New Delhi
9. Charles Greer, Strategic Human Resource Management – A General
Management Approach, Pearson Education, New Delhi.
10 Catherine Truss, David Mankin and Clare Kelliher, Strategic Human Resource
Management, Oxford University Press, New Delhi

Paper Code PG63T205: Economic Analysis for Managerial Decisions

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Equip students on micro and macro-economic analysis and forecasting models
CO 2 Generate cost and price reports
CO 3 Develop an effective and highly rewarding comparative strategy
CO 4 Design suitable technology strategies and plant location
CO 5 Create a knowledge base on micro and macro-economic variables influencing
operations varied business organisation
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction
Meaning and definition of managerial economics – Nature and Scope – Objectives of
the firm- Economics and Decision-making-Functional Relationships- Total average 12 Hrs
and marginal- Economic models-Calculus and managerial economics
Unit 2: Demand Theory and Analysis :
Determinants of market demand- Market Demand and Firm Demand- Market Demand
Equation- Total and Marginal Revenue Price Elasticity- Income Elasticity – Cross 10 Hrs
Elasticity- Demand Forecasts and Techniques of Forecasting
Unit 3: Production and Cost Theory & Analysis:
Production Function- Production with one variable input- production with two input
variables- Economies of Scale-Estimating Production function-Economic concept of 10 Hrs
Cost- Short-run and Long-run cost functions-Estimating cost functions
Unit 4: Market Structure and Pricing Decisions:
Market structure – perfect market-monopoly-monopolistic – oligopoly-monopsony-
10 Hrs
oligopsony structure-pricing decisions- price discrimination
Unit 5: Technological Change and Location Theory :
Technological change in global economy- Impact of Technological change on
Production function, productivity and economic growth- Location of the firm in the
10 Hrs
global economy- basic location principles- market area determination – Threshold
Analysis
Suggested Readings:
1. H L Ahuja, Managerial Economics – Analysis of Managerial Decision
Making, S Chand Publications, New Delhi.

29
 2. D N Diwedi, Managerial Economics, S Chand Publications, New Delhi.
3. P L Mehta, Managerial Economics, Sultan Chand & Sons, New Delhi.
4. Varshney and Maheswari, Managerial Economics, Sultan Chand & Sons,
New Delhi.
5. Jae Shim, Economic Analysis for Business and Strategic Decisions, Financial
World Publishing, New York.
6. Robert Waschik, Tim Fisher and David Prentice, Managerial Economics – A
Strategic Perspective, Routledge Publications, New Delhi.
7. Keith Wright and Allen, Managerial Economics: Theory Applications and
Cases, Viva Books, New Delhi.
8. Dominick Salvaotre, Managerial Economics - Principles and Worldwide
Applications, Oxford University Publications, New Delhi.
9. Mark Hirschey, Managerial Economics, Cengage Learning India, New Delhi.
10. Thomas, Maurice and Sarkar, Managerial Economics, Tata McGraw Hill
Publications, New Delhi.

Paper Code PG63T206: Open Elective Course- 2.6: Introduction to Business

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Equip students on different forms of business organisation
CO 2 Understand students on significance of business environment
CO 3 Develop an
CO 4 Design suitable technology
CO 5 Create a knowledge base
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction
Meaning, definition, features, nature and significance of business ; types of businesses
– manufacturing, merchandising and service organizations; forms of business
organizations – sole trading, partnership firm and joint stock companies ; meaning,
features and significance, promotion and incorporation of companies ; types of 12 Hrs
companies, regulation of companies – nature and features of companies act ; co-
operative form of business – meaning, need, features and significance ; types and
establishment of co-operative societies.
Unit 2: Business Environment :
meaning , features, nature and significance of business environment ; types of business
environment – political, legal, social, economic and cultural environment ;
10 Hrs
environmental scanning and mapping ; social and ethical responsibility of business ;
environmental effects and control
Unit 3: Role of Government and its institutions :
Industrial licensing and policies – meaning and developments of central and state
12 Hrs
industrial policies ; promotion of industries – industrial areas and industrial estates –

30
meaning and importance, special economic zones ; regional backwardness and
industrial development ; role of district industries centre ; rebates and subsidies ; tax
holidays
Unit 4: Management and Governance of Companies :
Management – meaning, concept, features, nature, significance and functions of
management ; planning, organizing, directing and controlling – meaning and features ;
family management in India ; role of professional managers ; Governance of 12 Hrs
Corporate Entities – meaning, concept, features, nature, and significance of corporate
governance ; governance committees in India
Unit 5: Financing of Business :
Meaning and importance of financing ; seed capital, venture capital and private equity
– meaning and importance ; sources of capital – short-term, medium-term and long-
10 Hrs
term; role of commercial banks in financing business organizations ; financing by
SFCs – meaning, nature, objectives and functioning of SFCs ; refinancing by SIDBI
Suggested Readings:
1) R.P. Maheshwari, Principles of Business Studies, Piyush Publishers, New-
Delhi.
2) Waterman and Ramsingh, Principles of Business, Macmillan Publications,
New-Delhi.
3) James Burrow, Brad Kleindl and Kenneth Everard, Business Principles and
Management, Cengage Learning, New-Delhi.
4) Koontz Harold, Weinrich and Anasari, Principles of Management, Tata
McGraw Hill Publications, New-Delhi.
5) C. B. Gupta, Principles and Practice of Management, Sultan Chand & Sons,
New-Delhi.
6) N. Balasubramaniam, Corporate Board and Governance, Sterling Publishers,
New-Delhi.
7) A C Fernando, Corporate Governance, Pearson Education, New-Delhi.
8) Francis Cherunilam, Business Environment – Text and Cases, Himalaya
Publishing House, Bangalore.
9) K Ashwatappa, Essentials of Business Environment, Himalaya Publishing
House, Bangalore.
10) S. N. Maheswari, Financial Management, Sultan Chand & Sons, New-Delhi.

M.COM. III – SEMESTER

Paper Code PG63T301: Accounting Information System
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design information system in business integrating all key activities.

CO 2 Adopt suitable software as required by

Business decisions.
CO 3 Develop E-Commerce business by suitable adoption of E-commerce framework
CO 4 Generate periodical financial statements, with the use of recording system
CO 5 Strengthening Tally ERP in business activities
Teaching
PARTICULARS
Hrs (Max.

31
 64)
Unit 1: Business Information Systems
Power of digital systems, purpose of information systems; data, information and
information systems, computer equipment for information systems; types of
information systems; components, activities and resources of information
systems; information systems in business functions – accounting, finance, 12 Hrs
engineering, SCM, CRM, HRM, ERP; strategic uses of information systems –
creating and maintaining strategic information systems;

Unit 2: System Development Process and Computer Software:

System analysis, design, implementation and maintenance; Business Software –
meaning and types of software; business application software – software suites and
12 Hrs
integrated packages; system software - operating systems and functions.

Unit 3: Introduction to E-commerce:

Introduction an Overview, Electronic Commerce – Cutting edge, Electronic
Commerce Framework, Electronic Payment Systems, Electronic Cash, Smart Cards
and Electronic Payment Systems, Credit Card Based Electronic Payment Systems, Risks 10 Hrs
and Electronic Payment Systems.

Unit 4: Transaction Processing :

Transaction cycle, accounting records, file structures, documentation techniques;
transaction processing models; revenue cycles – revenue cycle activities and physical
systems; sales order processing and cash receipts systems; POS systems; expenditure
cycle – purchase and cash disbursement activities; basic and advanced technology
12 Hrs
expenditure cycle; integrated purchases and cash processing system; payroll– physical
payroll system; fixed asset systems; conversion cycle – world-class environment and
lean manufacturing; accounting in lean manufacturing environment.

Unit 5: Practicals with accounting software’s :

Tally ERP-9 - Introduction, processing transactions in tally, business organizations
double entry book keeping, inventory basics, POS invoicing TDS, TCS, & GST
processing in tally, processing payroll functions in management controls, other utilities 10 Hrs
Security Control Backup & Restore of company and user creation, report generation

Suggested Readings:
1. James O’Brien, George M Marakas and Ramesh Behl, Management
Information Systems, New Delhi.
2. James A Hall, Accounting Information Systems, Cengage Publications, New
Delhi.
3. Effy Oz, Management Information Systems, Cengage Publications, New
Delhi.
4. Marshall B Romney and Paul Steinbart, Accounting Information Systems;
PHI, New Delhi.
5. Jones and Rama, Accounting Information Systems – A Business Process
Approach, Cengage Publications, New Delhi.
6. Joseph Wilkinson and Michael Cerullo, Accounting Information Systems,

32
 John Wiley Publications, New Delhi.
7. James Bockholdt, Accounting Information System, TMH, New Delhi.
8. Robert Hurt, Accounting Information Systems, TMH, New Delhi.
9. Leslie Turner and Andrea Weickgenannt, Accounting Information Systems –
The Processes and Controls, John Wiley Publications, New Delhi.
10. Mark Simkin, Carolyn Norman and Jacob Rose, Core Concepts of
Accounting Information Systems, John Wiley Publications, New Delhi.

Paper Code PG63T302: International Finance

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Function as an independent executive discharging the responsibilities of international
business organisation
CO 2 2. Assist business in dealing foreign exchange transactions
CO 3 Develop a comprehensive risk management strategy incorporating internal and
external techniques
CO 4 Undertake an evaluation of international capital budgeting decisions.
CO 5 Design cost efficient and value maximising capital structure for multi national
corporations.
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: International financial management:
Meaning and objectives, global financial manager – functions of financial management
12 Hrs
– scope –Relationship to domestic financial management.
Unit 2: Environment of international financial management:
Multinational/ transnational corporations – foreign exchange market – dealers in
foreign exchange market, foreign exchange transactions, sale and purchase transactions
10 Hrs
– spot and forward transactions, hedging, speculation and arbitrage operations,
equilibrium in foreign exchange market.
Unit 3: Financing foreign operations:
Corporate sources and uses of funds, national capital markets, Euro markets, special
financial vehicles, interest rate and currency swaps, debt, equity swaps, internal 12 Hrs
leasing, designing global financing strategy.
Unit 4: International capital budgeting:
Basics of capital budgeting, issues, foreign project appraisal – political risk analysis,
growth options and project evaluation. Multinational working capital management,
10 Hrs
short-term financing, objectives and options, borrowing strategy and exchange risk
management, current assets management strategy
Unit 5: Foreign exchange risk management:
Foreign exchange risk and exposure, types of foreign exchange risks, transaction,
transaction and economic exposure – internal and external techniques of foreign 10 Hrs
exchange risk management
Suggested Readings:
1. P G Apte, International Financial Management, PHI, New Delhi.
2. Milind Sathye, Larry Rose, Larissa Allen and Raw Weston, International

33
 Financial Management, Wiley India Publications, New Delhi.
3. P K Jain, J Peyrard and Surendra Yadav, International Financial
Management, Trinity Press, New Delhi.
4. Buckley Adrian, Multinational Finance, PHI, New Delhi
5. Alan Shapiro, Multinational Financial Management, Wiley Publications, New
Delhi.
6. C Jeevanandan, Foreign Exchange and Risk Management, Sultan Chand &
Sons, New Delhi.
7. Imad Moosa, International Finance, TMH, New Delhi.
8. Eiteman, Stonehill and Moffett, Multinational Business Finance, Pearson
Publications, New Delhi.

9. Jeff Madhura, International Financial Management, Cengage Publications,

New Delhi.
10. Cheol Eun, International Financial Management, TMH, New Delhi.

SPECIALISATION GROUP - A: Operations/ Production

Management
Paper Code PG63T303A: Operations/ Production Management
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop suitable operations management strategy
CO 2 Identify cost efficient plant locations

CO 3 Design products and services keeping marketing requirements.

CO 4 Identify suitable statistical quality control methods l.

CO 5 Underscore the significance and design suitable supply chain management system.
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Operations/ Production Management:
Introduction, meaning and definition, objectives, nature and context of operations
management, relationship between strategic management and operations management, 12 Hrs
operations strategy and competitiveness
Unit 2: Plant Locational Planning:
Stages in the selection of planning, selection of locality
and selection of site, determinants of plant location, plant location theories, 12 Hrs
qualitative and quantitative models for plant location, locational break-even analysis.
Unit 3: Product Design and Process Selection:
Product design and process selection for manufacturing operations and
service operations, waiting line management, quality management, 10 Hrs
statistical quality control methods.

34
Unit 4: Design of Facilities and Jobs:
Strategic capacity planning linear programming, just in time production systems,
facility location, facility layout, job design, and work measurement, learning curves, 10 Hrs
wage incentives, production control techniques, measurement of productivity
Unit 5: Supply Chain Management:
Forecasting, aggregate planning, inventory systems for dependent and independent
demand, material revising the system, business process re-engineering, synchronous
10 Hrs
manufacturing and theory of constraints.

Suggested Readings:
1. Elwood Buffa and Rakesh Sarin, Modern Production/Operations
Management, Wiley India Publications, New Delhi.
2. K Aswathappa and S Bhatt, Production and Operations Management, HPH,
Mumbai.
3. S A Chunnawalla and D R Patel, Production and Operations Management,
HPH, Mumbai.
4. S Chary, Production and Operations Management, TMH, New Delhi.
5. K C Jain, P L Verma and Kartikey, Production and Operations
Management, Dreamtech Press, Mumbai.
6. B Mahadevan, Operations Management – Theory and Practice, Pearson
Education, New Delhi.
7. Sushil Gupta and Martin Starr, Production and Operations Management,
CRC Press, New York.
8. Rusell and Taylor, Operations Management, Wiley Publications, New
Delhi.Jay Heizer and Barry Render, Operations Management, Pearson
Education, New Delhi.
9. William J Stevenson, Operations Management, TMH, New Delhi.

Paper Code PG63T303B: Cost Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design a suitable combination of internal and external cost management techniques.
CO 2 Design integrated and comprehensive system of recording cost and financial
transactions.
CO 3 Broden management understanding of element-wise cost management techniques.
CO 4 Design a suitable method for accounting of cost in joint and by product manufacturing
operations.
CO 5 Generate effective cost management reports to serve managerial decision making.
Unit 1 Introduction-
concept, features, objectives and importance of cost management; factors affecting
cost management; financial accounting v/s cost management; cost 12 Hrs
accounting v/s cost management; uses of cost management; techniques of cost

35
 management-traditional and contemporary techniques-bench marking, JIT, TQM,
FMT, outsourcing, theory of constraints, etc. Cost management practices in
Corporate India.

Unit 2 Accounting Systems for recording of Costs

-Non-integral and Integral systems of recording of costs; costing profit and loss
account; reconciliation of cost and financial profits. 10 Hrs

Unit 3: Cost Management Issues in Elements of Cost-

material cost management-design, purchase, storage, issues and inventory

management; techniques of inventory control; labour cost management –time
keeping and booking, idle time and overtime, labour turnover; compensation and
10 Hrs
incentive schemes; labour efficiency evaluation; Overhead cost management-
significance; departmentalization, recovery methods, under and over absorption;
capacity costs.

Unit 4: Product Costing Systems-

job costing-cost flow, and cost tracking in job order systems; job costing in service
industries; process costing-characteristics of process costing system;
12 Hrs
flow of costs in process costing; equivalent units- FIFO and average methods.

Unit 5: Joint and By-product Costing-

meaning and distinction between joint products and by-products; methods of
allocating joint costs; point of separation and further processing
decisions; accounting for by-products; effect of joint products on cost control and 12 Hrs
decision making.

Suggested Readings:
1. S N Maheswari, Cost and Management Accounting, Sultan Chand & Sons,
New Delhi.
2. Jain and Narang, Advanced Cost Accounting, Kalyani Publishers, Ludhiana.
3. Colin Drury, Management and Cost Accounting, Cengage Publications, New
Delhi.
4. M N Arora, Cost and Management Accounting, Vikas Publications, New
Delhi.
5. Kaplan and Atkinson, Advanced Management Accounting, Pearson
Education, New Delhi.
6. Edward Blocher, Chen, Cokins and Thomas Lin, Cost Management – A
Strategic Emphasis, TMH, New Delhi.
7. Hilton, Maher and Selto, Cost Management – Strategies for Business
Decisions, TMH, New Delhi.
8. Hansen and Mowen, Cost Management – Accounting and Control, Cengage
Publications, New DelhiHorngren, Foster and Datar,
9. Cost Accounting – A Managerial Emphasis,Cecily Raiborn and Michael
Kinney, Cost Accounting Principles, Cengage Publications, New Delhi

36
Paper Code PG63T303C: Advanced Management Accounting
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design accounting system from insurance entities in India keeping in view the legal
provisions
CO 2 Design exhaustive accounting system for all types of power generation and
distribution entities.
CO 3 Design system of recording banking related transactions.
CO 4 Design suitable system for early detection and management of overview accounts.
CO 5 Design accounting software for start ups and unicorns involved in hotels , hospital and
education institutions
Unit 1 Management Accounting-
Meaning and significance of management accounting; decision-making process-pull
and push system of information; Strategic Management Accounting (SMA) –
evolution, meaning, significance and scope; traditional management accounting v/s
SMA, application of SMA; Balanced Scorecard (BSC) – Evolution, meaning, 12 Hrs
preparation, benefits and limitations of balanced score card; SMA and BSC
application in Indian Industries

Unit 2 Budget and Budgetary Control -

Meaning and objectives of budget, budgeting and budgetary control; pre-requisites of
budgeting process-budget period, budget committee and budget factor;
classification and preparation of functional and master budgets; cash budget; fixed
10 Hrs
and flexible budgeting process – methods involved in preparing flexible budget;
performance, programme and zero-base budgeting methods; advantages and
limitations of budgeting; activity based budgeting; practical problems.
Unit 3: Standard Costing System
Meaning, objectives and significance of standard costing, industries of application;
budgetary control v/s standard costing; pre-requisites of standard costing system –
standards committee, types and fixation of standard costs; analysis of variances –
material, labour, overhead, sales and profit variances; reconciliation of profits; 10 Hrs
disposal and accounting treatment of variances; investigation of variances; reporting
of variances; practical problems

Unit 4: Divisional Performance Analysis

Decentralized organizations and responsibility centres – cost, revenue, profit and
investment cetres; measuring the performance of investment centre-ROI, residual
income and EVA methods; measuring income and invested capital; issues involved 12 Hrs
in divisional performance evaluation; rewarding performance of managers.

Unit 5: Transfer Pricing-

Meaning, objectives, importance and methods of transfer pricing; external market
price, negotiated transfer prices; standard v/s actual costs; choosing right transfer
pricing methods; tax issues in transfer pricing; transfer pricing in the service 10 Hrs
industry.

Suggested Readings:

37
 1. Edward Blocher, Chen, Cokins and Thomas Lin, Cost Management – A
Strategic Emphasis, TMH, New Delhi.
2. Hilton, Maher and Selto, Cost Management – Strategies for Business
Decisions, TMH, New Delhi.
3. Hansen and Mowen, Cost Management – Accounting and Control, Cengage
21
Publications, New Delhi
4. Horngren, Foster and Datar, Cost Accounting – A Managerial Emphasis, PHI,
New Delhi.
5. Colin Drury, Management and Cost Accounting, Cengage Publications, New
Delhi.
6. Cecily Raiborn and M Kinney, Cost Accounting Principles, Cengage
Publications, New Delhi.
7. Jain and Narang, Advanced Cost Accounting, Kalyani Publishers, Ludhiana.
8. Robert Kaplan and Anthony Atkinson, Advanced Management Accounting,
Pearson Education, New Delhi.
9. Tom Groot and Frank Selto, Advanced Management Accounting, Pearson
Education, New Delhi.
10. Robert N Anthony and Govindarajan, Management Control Systems, TMH,
New Delhi.

SPECIALISATION GROUP – B: ACCOUNTING AND

TAXATION
Paper Code PG63T304A: Company Accounts
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design effective and efficient accounting methods for corporate keeping in view legal
requirements.
CO 2 Design suitable accounting methods for computing managerial remuneration and
advisable profits.
CO 3 Undertake the process of recording all M&A transactions.
CO 4 Integrate subsidiary financial accounts with parents company.
CO 5 Generate statements summarizing
Liquidation effects on wealth shareholders.
PARTICULA Teaching Hrs (Max. 64)
RS
Unit 1 Company Final Accounts
:Legal provisions relating to maintenance of annual accounts by corporate entities in
India; meaning and measurement of divisible profits; provisions and computation of
12 Hrs
managerial remuneration, transfer of profits to reserves and payment of dividend out
of reserve rules; preparation of vertical form of financial statements.

38
Unit 2 Valuation of Goodwill and Shares: -
Concept and classification of goodwill, objectives and methods of valuation of
10 Hrs
goodwill; share valuation – need and methods of valuation;
Unit 3 Accounting for Mergers and Amalgamations -
AS 14 - Accounting for Amalgamations – classification and methods of accounting
accounting treatment of inter-corporate sale, purchase, owings, stocks
and investments in M&As; accounting for internal reconstruction – alteration of
12 Hrs
capital v/s reduction of capital; disposal of capital reduction.

Unit 4: Liquidation of Companies:

Meaning and types of liquidation; liquidation v/s winding
up of companies; preparation of statement of affairs and deficiency accounts;
preparation of liquidators’ financial statement of account and List-B Contributories 12 Hrs
Statement.

Unit 5: Group Accounts

:Nature, need and significance of group accounts; preparation of consolidated
financial statements –pre-acquisition and post-acquisition profits; accounting for
unrealized profits and inter-company transactions; chain and cross holdings
treatment – single and multiple subsidiaries; preparation of consolidated profit and 10 Hrs
loss account; accounting standard recommendations relating to consolidation of
group accounts.

Suggested Readings:
1. S.N.Maheshwari and S K Maheswari, Advanced Accountancy, Vol. II, Vikas
Publications, New Delhi.
2. Jain and Narang, Advanced Accountancy, Vol. II, Kalyani Publishers,
Ludhiana,
3. Gupta and Radhaswami, Advanced Accountancy, Vol. II, Sultan Chand New
Delhi.
4. Shukla and Grewal, Advanced Accounts, Vol. II, S. Chand and Co., New
Delhi
5. Hrishikesh Chakraborty, Advanced Accounts, Oxford, New Delhi.
6. Praveen Sharma, Advanced Accountancy, Pooja Law Publishing House, New
Delhi.
7. Ashok Shegal and Deepak Shegal, Advanced Accounting – Vol. II, Taxmann
Publications, New Delhi.
8. S.K.Paul, Advanced Accounts, World Press, Calcutta.
9. M Hanif and A Mukherjee, Advanced Accounting Vol. II, TMH, New Delhi.
10. D Chandra Bose, Advanced Accounting – Vol. 2, PHI, New Delhi.

39
 Paper Code PG63T304B: Accounting for Specialised Institutions
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design accounting system from insurance entities in India keeping in view the legal
provisions
CO 2 Design exhaustive accounting system for all types of power generation and
distribution entities.
CO 3 Design system of recording banking related transactions.
CO 4 Design suitable system for early detection and management of overview accounts.
CO 5 Design accounting software for start ups and unicorns involved in hotels , hospital and
education institutions.
Unit 1 Accounting for Insurance Companies:
Legal provisions as per Insurance Act 1938, LIC Act 1956 and GIC Act; IRDA Act
and provisions relating to final accounts; revenue accounts and final accounts of life
and non-life insurance companies; life assurance fund, valuation balance sheet and 12 Hrs
dividend distribution.

Unit 2 Double Account System:

Meaning of double account system; single account v/s double account system;
advantages and disadvantages of double account system; maintenance of records and 12 Hrs
registers; annual accounts of electricity companies.
Unit 3 Accounts of Banking Companies –
Nature, scope and provisions relating to final accounts of Banking Companies as per
Banking Regulation Act, 1949 and its amendments; prudential norms,
10 Hrs
classification of assets and measurement of capital adequacy ratio and provisioning
requirements; preparation of annual financial statements
Unit 4: Accounting for Hotels –
nature, objectives and significance of hotel accounting; visitors’ ledger; methods of
accounting and preparation of final accounts of hotel undertakings; Accounting for
Hospitals – Need and significance of hospital accounting; forms of balance sheet, 12 Hrs
income statement-capital and revenue expenditure, adjustments

Unit 5: Accounts for Educational Institutions –

Need and significance of accounting for educational institutions- special features of educational
institutions.accounting; accounting for government grants, classification of accounts;
Preparation of final accounts of educational institutions- income and expenditure a/c 10 Hrs
and Balance Sheet.

Suggested Readings:
1. S N Maheshwari and S K Maheswari, Advanced Accountancy, Vol. II, Vikas
Publications, New Delhi.
2. Jain and Narang, Advanced Accountancy, Vol. II, Kalyani Publishers,
Ludhiana,
3. Gupta and Radhaswami, Advanced Accountancy, Vol. II, Sultan Chand New

40
 Delhi.
4. Shukla and Grewal, Advanced Accounts, Vol. II, S. Chand and Co., New
Delhi
5. Hrishikesh Chakraborty, Advanced Accounts, Oxford, New Delhi.
6. Praveen Sharma, Advanced Accountancy, Pooja Law Publishing House, New
Delhi.
7. Ashok Shegal and Deepak Shegal, Advanced Accounting – Vol. II, Taxmann
Publications, New Delhi.
8. S.K.Paul, Advanced Accounts, World Press, Calcutta.
9. M Hanif and A Mukherjee, Advanced Accounting, Vol. II, TMH, New Delhi.
10. D Chandra Bose, Advanced Accounting – Vol. 2, PHI, New Delhi.

Paper Code PG63T304C: Corporate Tax Planning (Direct Taxes) –I

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop a strong base of knowledge among existing tax practitioners
CO 2 Develop a band of professional maning taxation related issues at organization level.
CO 3 Identify tax minimization opportunities
CO 4 Integrate tax planning strategies with corporate financing decisions
CO 5 Design compensation packages economizing the total tax oatgo.

Teaching Hrs (Max. 64)

Unit 1 Corporate tax planning:
Meaning and objectives, scope of corporate tax planning, tax planning, tax avoidance
and tax evasion, types of companies, residential status of a company and tax incidence,
areas for corporate tax planning, tax management, assessment of income, filing of 12 Hrs
returns.

Unit 2 Taxation of companies:

Computation of income under the heads, of income applicable to corporate assesses,
set off and carry forward of losses, deductions available in respect of gross total 12 Hrs
income, computation of taxable income, tax liability of a company.
Unit 3 Tax planning and promotion of a company:
Tax planning with reference to setting up of a new business, location of new
business, nature of business, forms of organization, tax planning in respect of newly
established industrial undertakings in free trade zones, newly established 100%
12 Hrs
export oriented undertakings, tax planning in respect of industrial undertakings,
engaged in infrastructural development or other activities.

Unit 4: Tax planning and corporate financial decisions :

Tax planning vis-a-vis corporate capital structure, investment decision, dividend
12 Hrs
decision, issue of bonus share, tax planning and merger or demerger decisions, tax planning

41
with reference to other managerial decisions, purchase of assets out of owned funds or out of
borrowed funds, own or lease, purchase by installments or hire, sale of assets used for
scientific research work, make or buy, shutdown or continue.

Unit 5: Need and Tax planning and employees’ remuneration:

Formulation of an ideal wage policy or salary package for employees, provision for
various perquisites and facilities, tax incidence of a wage policy in the hands of
10 Hrs
employees, deduction of tax at source.

Suggested Readings:
1. Vinod Singhania and Monika Singhania, Corporate Tax Planning & Business
Tax Procedure, Taxmann Publications, New Delhi.
2. Vinod Singhania and Kapil Singhania, Direct Tax Law and Practice, Taxman
Publications, New Delhi.
3. Manoharan and Hari, Direct Tax Laws, Snow White Publications, New Delhi.
4. Girish Ahuja and Ravi Gupta, Direct Tax Law – Theory & Practice, Bharat
Law House, New Delhi.
5. T G Suresh, Direct Tax Laws, CCH India, New Delhi.
6. Monica Duggal, Corporate Tax Planning, New Age, New Delhi.
7. Lall, B.B., Direct Taxes, Konark, New Delhi.
8. Mehrotra and Goyal, Direct Taxes – Tax Planning and Management, Sahitya
Bhavan Publications, Agra.
9. Dinkar Pagare, Tax Laws, Sultan Chand, New Delhi.
10. Lakhotia, Corporate Tax Planning, Lakhotia, New Delhi.

SPECIALISATION GROUP – C: ACCOUNTING AND

FINANCE
Paper Code PG63T305A: Basics of Financial Derivatives
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop professional who can be involved in regulation and process of derivatives
trading.
CO 2 Develop the forward and future heading strategies.
CO 3 Broden the understanding of basic and advanced option pricing models.
CO 4 Develop and implement options trading strategy.
CO 5 Develop professional managing swap transactions.
Unit 1 Introduction to Derivatives –
Definition and Origin of Derivatives; Derivative Markets and Instruments − Basic
12 Hrs
Derivatives − Forwards, Futures, and Options; Derivative Terminologies; uses of

42
derivatives; Growth of Derivatives in India − stock, commodity and currency
derivatives; Process of derivative trading; Regulation of Derivative Trading in India
and Role of SEBI in the Development of Derivative Trading.

Unit 2 Forwards and Futures –

Structure of Forwards and Futures Markets; Forward Contracts − Futures Exchanges
and Contracts; Types of Futures; Mechanics of Future Trading; Major
Characteristics; Trading Process; Price Quotations; Hedging and Speculation with
Commodity Futures, Interest Rate Futures, Currency Futures and Stock Index 12 Hrs
Futures, Principles of Pricing Forwards, Futures and Options on Futures Contracts;
Forwards and Futures Hedging, Pricing of Index Futures Contracts − Stock Index
Arbitrage.
Unit 3 Options –
Option Pricing; Principles of Call and Put Option Pricing; Binomial and Black-
Scholes Option Pricing Models; Factors Affecting Option Prices; Basic and
Advanced Option Strategies; Types of Options − Interest Rate Options; Currency
Options and Trading Strategies; Option Pricing Models; Complex Investment 12 Hrs
Strategies, Covered Call Writing, Protective Put, Straddles and Strangles,
Spreads−Evaluation of Option Based Investment Strategies; Risk Associated with
Options; Options Sensitivities.
Unit 4: Swaps and Interest rate Forwards and Options;
Evolution of Swap Market; Interest Rate Swaps, Currency Swaps and Equity Swaps,
Swap Terminology; Motivations Underlying Swaps; Mechanics of Swap Transactions;
10 Hrs
Valuation and Application of Swaps. Forward Rate Agreements − Interest Rate
Options Interest rate Swaptions and Forwards; Interest Rate Derivatives
Unit 5: : Commodity Derivatives
Evolution of Commodity Derivative Markets in India; Products, Participants,
Functions and Instruments Available for Trading; Pricing of Commodity Futures;
12 Hrs
Hedging, Speculation, Arbitrage Trading; Clearing and Settlement, Risk
Management and Regulatory Framework.
Suggested Readings:
1. N R Parasuraman, Fundamentals of Financial Derivatives, Wiley
Publications, New Delhi.
2. Sundaram and Das, Derivatives – Principles and Practice, TMH, New Delhi.
3. Sunil Parmeswaran, Fundamentals of Financial Instruments, Wiley
Publications, New Delhi.
4. Janakiramanan, Derivatives and Risk Management, Pearson Educations, New
Delhi.
5. S L Gupta, Financial Derivatives, PHI, New Delhi.
6. Hull C J and Basu Sankarshan, Options, Futures and Other Derivatives,
Pearson Education, New Delhi,
7. Kolb R W, Futures, Options and Swaps, Blackwell Publishers, New Delhi.
8. Kumar S S, Financial Derivatives, PHI, New Delhi
9. O P Agarwal, Financial Derivatives and Risk Management, HPH, New Delhi.

43
 10. Stulz M R, Risk Management and Derivatives, Cengage Learning, New Delhi.

Paper Code PG63T305B: Basics of Financial Econometrics

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Understand the concept of Forward and Future markets and its impact on Financial
decisions
CO 2 Learn various regression model, usage of SPSS and MS Excel in regression model
and implications on decision
CO 3 Develop models on various financial decisions based on time series and forecasting
techniques
CO 4 Develop solutions to simultaneous equation to real life situation
CO 5 Impact of decisions with respect to types of non-linear models and testing for non-
linearity

Unit
steps Structure
1involved
Introduction
econometrics inof
–v/s Forwardseconometrics;
Econometrics
economic
formulating–and Futuresnature
meaning,
econometric Markets;
types
modeland Forward
of data; ofContracts
scopereturns − financial
econometrics;
in financial modeling;
Futures Exchanges and Contracts; Types of Futures; Mechanics of Future Trading;
Major Characteristics; Trading Process; Price Quotations; Hedging and Speculation
with Commodity Futures, Interest Rate Futures, Currency Futures and Stock Index
Futures, Principles of Pricing Forwards, Futures and Options on Futures Contracts; 12 Hrs
Forwards and Futures Hedging, Pricing of Index Futures Contracts − Stock Index
Arbitrage.

Unit 2 Regression Model –

meaning and significance; simple and classical regression model – assumption and
properties of OLS estimator; t-test and significance level; precision and standard
error; multiple linear regression – constant term, parameters, F-test; goodness of fit
statistics; hedonic pricing models; diagnostic test – assumptions and 12 Hrs
multicollinearity; heteroscedasticity and autocorrelation; Durbin-Watson and
Breusch Godfrey tests distinction; Use of SPSS and MS Excel in regression model.

Unit 3 Univariate Time Series Modelling and Forecasting –

notation and concepts; moving average processes, auto regressive processes; partial
autocorrelation processes; ARMA processes – building ARMA models –Box-
Jenkins approach – exponential smoothing and forecasting in econometrics; Use of 12 Hrs
SPSS and MS Excel in Univariate Modelling.

Unit 4: Multivariate Models –

single equation v/s systems-based approach to building models; cause and
consequence and solutions to simultaneous equation bias; structural model; methods
10 Hrs
of estimating simultaneous equations model; Vector Autoregressive Models (VAR)
advantages and disadvantages of VAR; Use of SPSS and MS Excel

44
Unit 5: Modelling Volatility and Correlation –
types of non-linear models and testing for non-linearity; models for volatility –
historical volatility, Exponentially Weighted Moving Average (EWMA) models –
Auto Regressive Models – ARCH models; Generalised ARCH (GARCH) models
12 Hrs
– estimating ARCH and GARCH; Use of SPSS and MS Excel.

Suggested Readings:
1. Damodar N Gujarati, Porter Dawn and Sangeetha Gunasekar, Basic
Econometrics, TMH, New Delhi.
2. Chris Brooks, Introductory Econometrics for Finance, Cambridge University
Press, New Delhi
3. Banniga, Introduction to Financial Econometrics, Princeton University Press,
New York.
4. Wooldridge Jeffery, Introductory Econometrics, Thomson Learning, New
Delhi.
5. Neeraj Hatekar, Principles of Econometrics, An Introduction, Sage
Publications, New Delhi.
6. Fan and Yao, The Elements of Financial Econometrics, Princeton University
Press.
7. William H Greene, Econometric Analysis, Pearson Publications, New Delhi.
8. Rachev, Mittnik, Fabozzi, Focardi and Jasic, Financial Econometrics, Wiley
Publications, New York.
9. Christopher Dougherty, Introduction to Econometrics, Oxford University
Press, New Delhi.
10. Studenmund, A. H, Using Econometrics: A Practical Guide, Addison
Publications, New Delhi

Paper Code PG63T305C: Corporate Financial Risk Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop professionals capable of measuring and managing financial risk
CO 2 Design effective framework for the risk management
CO 3 Identify risk-return relationships of various investment alternatives
CO 4 Design and implement value at risk approaches
CO 5 Formulate effective adoption of methods of real options in corporate financial decisions

Unit 1 Introduction –
Meaning and definition of risk and risk management; need, scope and significance of
financial risk management; conventional and modern view of risk management;
12 Hrs
relation between risk management, firm performance and valuation; types of risks
and risk management approaches; risk management framework–risk profile and risk

45
 management policy; measurement of risk – risk and returns of financial assets –
Markowitz revolution – mean-variance framework; CAPM; APT and Multi-Factor
models.

Unit 2 Risk Assessment Tools and Techniques –

Risk Adjusted Value – Discounted Cash Flow (DCF) approaches – DCF value of an
asset, risk adjusted discount rates, certainty-equivalent cash flows, hybrid model;
post valuation risk adjustment – rationale, downside risks and upside risks; 12 Hrs
disadvantages of post valuation adjustments; Relative Valuation Approaches – basis
and risk adjustment; DCF v/s Relative Valuation.
Unit 3 Probabilistic Approaches –
Scenario Analysis – best case/worst case; Multiple Scenario Analysis; Decision Tree
– steps and usefulness; risk adjusted value & decision tree; Simulation – steps and
uses; simulations with constraints; issues and risk adjusted value and simulation; 12 Hrs
comparing probabilistic approach – complement or replacement.

Unit 4: Value at Risk (VaR) –

Meaning and history of VaR; measuring VaR – variance-covariance method;
historical simulation, Monte Carle Simulation – comparing approaches; limitations of
12 Hrs
VaR; extension of VaR; VaR as an assessment tool.

Unit 5: Real Options –

Essence of real options; real options, risk adjusted value and probabilistic assessments;
real option example – option to delay on investment; option to expand, option to
abandon an investment; caveats on real options; real options in a risk management 10 Hrs
framework; option pay offs;determinants of option value – option pricing models –
Binomial and Black-Scholes model.
Suggested Readings:
1. Aswath Damodaran, Strategic Risk Taking – A Framework for Risk
Management, Wiley Publications, Pearson Education, New Delhi.
2. Sanjeev Sharma, Financial Engineering and Risk Management, Random
Publications, New Delhi.
3. S Prasad Rao, G V Satya Sekhar, Financial Engineering, Risk
Management and Financial Institutions, Dreamtech Publications, New
Delhi.
4. J Hampton, The AMA Handbook of Financial Risk Management, AMA
Publications, New York.
5. Karen A Horcher, Essentials of Financial Risk Management, Wiley India
Publications, New Delhi.
6. Peter F Christoffersen, Elements of Financial Risk Management,
Academic Press, New York.
7. Raul, Mishra, Patra, Nanda and Jena, Financial Risk Management, Excel
Books, New Delhi.
8. Dun & Bradstreet, Financial Risk Management, TMH, New Delhi.
9. D K Sharma, Financial Risk Management, Centrum Press, New Delhi.
10. Roy L Nersesian, Corporate Financial Risk Management, Jaico Book

46
 House, New Delhi.

SPECIALISATION GROUP – E: BANKING &

FINANCE

Paper Code PG63T306A: Principles of Bank Management

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop the individual with comprehensive knowledge of banking operation who would
work at various positions of banking decision-making hierarchy.
CO 2 Formulate tools for matching assets and liabilities time sequence to avoid the risk of
illiquidity.
CO 3 Identify all endogenous and exogenous variables influencing bank’s lending and deposits
policies and adopt management methods.
CO 4 Design suitable methods of rating of banking customers for banking functions
CO 5 Design systems of monitoring loan beneficiary performance and recovery process

Unit 1 Bank Management:

Concept and objectives, Facets of bank management, functions of Bank Management
– planning, organizing, controlling, coordinating and communication. 12 Hrs

Unit 2 Management of Liquidity:

Theories of Liquidity Management, Priorities in the employment of bank funds, Problems of
10 Hrs
resource allocation.
Unit 3 Management of Primary and Secondary Reserves:
Nature of Primary reserves, secondary reserves, Factors influencing, estimating
liquidity needs. 12 Hrs

Unit 4: Management of credit:

Principles of sound bank lending, Factors influencing loan policy in a bank, Credit
appraisal and follow-up actions. 12 Hrs

Unit 5: Management of Profitability:

Profit planning, measures to improve profitability, Management of investments,

10 Hrs
Management of deposits

Suggested Readings:
1. VC Joshi & V V Joshi, Managing Indian Banks, Response Books, New
Delhi
2. Halen Woodruffee, Services Marketing, Macmillan, New Delhi.
3. Rajeev K. Seth, Marketing of Banking services, Macmillan Publications,
New Delhi.

47
 4. R M Srivastava, Management of Indian Financial Institutions, HPH,
Mumbai.
5. P Subba Rao, Principles & Practice of Bank Management, HPH, Mumbai.
6. M Bhole, Financial Institutions& Markets, TMH, New Delhi
7. H R Machiraju, Indian Financial System, Vikas Publications, New Delhi
8. R M Srivastava, Management of Commercial Banks, Pragati Books,
Meerut.
9. K C Shekar, Theory and Practice of Banking, Vikas, Delhi
10. Vasant Desai, Indian Financial System, Himalaya, Mumbai

(Meant for Students of other departments)

Paper Code PG63T307: (OPEN ELECTIVE COURSE) Digital Marketing

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop individual capable of rendering services in digital activity
CO 2 Design appropriate product, promotion and pricing strategies
CO 3 Formulate policies for effective combination of social marketing channels
CO 4 Identify the profile of various users groups and integrate with networking models
CO 5 Equip learners on security and ethical issues in use of digital marketing issues.
Unit 1 Digital Marketing –
Meaning, Understanding digital marketing process,
Evolution of Digital Marketing from traditional to modern era, Role of Internet;
12 Hrs
Current trends, Drivers of the new marketing environment, Digital Marketing Mix

Unit 2 Mobile Marketing

Meaning, Advantages and disadvantages of mobile marketing, Mobile Advertising,
12 Hrs
Forms of Mobile Marketing.
Unit 3 Social Media Marketing I –
Meaning, understanding existing social media platforms, penetration &
characteristics; Face book Marketing-meaning, Best practices for Face book
10 Hrs
advertising, Understanding Face book best practices.

Unit 4: Social Media Marketing II-

LinkedIn Marketing: - Introduction and Importance of LinkedIn Marketing, Twitter
Marketing: - Introduction to Twitter Marketing, how twitter Marketing is different
than other forms of digital marketing, Digital Marketing Strategies through Instagram 12 Hrs
and Snap chat.

Unit 5: Email Marketing:

Meaning, Advantages and disadvantages of Email marketing, Types of email marketing, setting
up email marketing account, Best platforms to do email marketing. 10 Hrs

Suggested Readings:
1. Seema Gupta Digital Marketing Mc-Graw Hill 1 st Edition – 2017

48
 2. Ian Dodson The Art of Digital Marketing Wiley Latest Edition
3. Puneet Singh Bhatia Fundamentals of Digital Marketing Pearson 1 st Edition –
2017
4. Vandana Ahuja Digital Marketing Oxford University Press Latest Edition
5. Philip Kotler Marketing 4.0: – Moving from Traditional to Digital Wiley 2017
6. Melissa S. Barker | Donald I. Barker | Nicholas F. Bormann | Debra Zahay | Mary
Lou Roberts Social Media Marketing: A Strategic Approach Cengage Latest
Edition
7. Ward Hanson , KirthiKaly anam Internet Marketing & ecommerce Cengage
Latest Edition.
8. Roberts andZahay Internet Marketing: Integrating Online & Offline Strategies
Cengage Latest Edition
9. Dr.Ragavendra K. and Shruthi P. Digital Marketing Himalaya Publishing House
Pvt. Ltd. Latest Edition
10. Prof. Nitin C. Kamat, Mr.ChinmayNitinK amat Digital Social Media Marketing
Himalaya Publishing House Pvt. Ltd. Latest Edition.

M.COM. IV SEMESTER
Paper Code PG63T401: Business Communication and Networking
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design suitable analogue and digital modals for data communication
CO 2 Integrate wired and wireless media for effective communication
CO 3 Develop individuals capable of developing network topologies and network devices
CO 4 Identify relative merits and demerits of wire wireless communication
CO 5 Develop system capable of reduces errors in communication
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Fundamental of data communication and networking:
Introduction – Data Communication, Networks, Internet, Intranet, Protocols, OSI &
TCP/IP Models Addressing. Physical Layer – Signals, Analog, Digital, Analog VS Digital,
Transmission impairment, Data Rate Limits, Performance. Digital Transmission – Line 12 Hrs
Coding (Umipolar, Polar, Biphase), Block Coding (4B/5B Encoding), Analog to digital
conversion, PCM, Transmission Modes
Unit 2: Transmission media and switching:
Transmission Media – Guided and Unguided. Comparison between wired and wireless
media Switching – Switching, Circuit-Switched Circuit Switching Networks, Concepts,
Control Signalling, Soft switch Architecture, Packet switching, Pocketsize, X.25, Frame
10 Hrs
Relay, ATM, Message Switching. Address mapping – static mapping, dynamic mapping.
ARP- need, methods, need of RARP and ICMP. Definition of fragmentation and
reassembly
Unit 3: Network topologies and network devices:
Introduction to Topology, The Technical Connotation of Topology, What are the Basic 12 Hrs

49
Types of Topology. How Is the Physical Topology Classified? An Overview of network,
Types of network, need and concept of network devices. Connecting Devices-discussion
on Routers, switches, repeaters, Bridges, Switches and Gateways. Ways of accessing the
internet- Dial-up access, SLIP, PPP, leased lines, DSL basics, internet access by cable.
Modems-basics, types, operation, applications
Unit 4: Error detection, correction in wire wireless communication:
Error correction & detection. Types of errors. Detection VS Correction, Block Coding,
Hamming Distance, Wired LAN – LLC. MAC, Ethernet, Ethernet frame, Addressing,
Concept of MBase, V Ethernet, Bridged, Switched, Full Duplex Ethernet, Concept of Fast
10 Hrs
and Gigabit Ethernet Wireless LAN- Introduction to WLAN (Architecture Hidden
Exposed Station Problem) Introduction to Bluetooth & Architecture, Cellular telephony,
Concept of 3G, 4G, 5G cellular telephony
Unit 5: Network management technology:
Introduction to system and network security, security attacks, security services and
mechanisms, Security at Application Layer, Firewalls and their types. DMZ, Limitations
of firewalls, Intruders, Intrusion detection (Host based, Networked, Distributed), Viruses 12 Hrs
and related threats, virus countermeasures. Denial of service attacks, Hacking, Security
policies and plan, Strategies for a secure network
Suggested Readings:
1. Data Communications and Networks- 2nd edition -Achyut S Godbole- and Atul
Kahate Tata McGraw-Hill
2. Data Communications & Networking – 5th Edition- B A Forouzan- Tata McGraw-
Hill.
3. Computer Networks- 4th Edition- Andrew S Tanenbaum- Pearson-Prentice Hall
4. Computer Networking - James F. Kurose & Keith W. Ross- PEARSON
5. Computer Communications and Networking Technologies - Michael A. Gallo &
William M. Hancock BROOKS&COLE.
6. Computer Networks and Internets -Douglas E. Comer- PEARSON.
7. Data and Computer Communications- Eighth Edition- William Stallings- Pearson
Education.
8. Refer the course contents at NPTEL website of IIT Khargapur of course-
Communication Networks and Switching.
9. Network Security Bible, 2nd edition, Eric Cole, Wiley Publishers.
Data communication and networks –James Irvine and David Harley- Publishers:
Wiley India

Paper Code PG63T402: Corporate Governance

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design effective monitoring mechanisms for reducing agency related issues

CO 2 Underline to the management on the relative significance of ownership structure and

governance performance
CO 3 Develop appropriate compensative plans to attract to retain and motivate managers
capable of exemplary performance
CO 4 Develop effective borrowings methods of non-compliance corporate governance
codes
CO 5 Compare and corporate governance standards to design an appropriate code

50
 Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction:
Meaning and significance of corporate governance; governance v/s management;
governance v/s accounting; Agency Conflict – reasons and types of agency conflict;
mechanisms for resolving agency conflict – internal governance mechanisms –
concentrated ownership, block shareholders, managerial compensation and ownership,
financial policy, organizational structure, etc., and external governance mechanisms - 12 Hrs
role of judiciary, media, shareholders activism, gatekeepers, etc; theories of corporate
governance-agency theory, stewardship theory etc; corporate governance models –
US/UK model, European model and Japanese Model; linkages between corporate
governance and economic development.
Unit 2: Corporate Governance in India:
Evolution and Growth of Corporations in India; ownership pattern of Indian
Companies - family-managed and widely-held; governance models in India -
managing agency model, business-house model and US/UK model; evolution of
10 Hrs
business houses/groups and classification; pyramid structure of ownership and
tunneling; progress of governance in India; governance standards in public sector
enterprises, banking and insurance companies
Unit 3: Corporate Boards :
Meaning, role and responsibilities and types of corporate boards; legal powers boards
in India; board functions – traditional and strategic; theories relating to strategic role of
boards and functions; determinants of board effectiveness-size, composition,
information, compensation, meetings and evaluation of board performance; role and 12 Hrs
functions of board chairman; duties and responsibilities of directors; Socrates directors
– meaning and principles; board dynamics; succession planning; role and
responsibilities of CEOs vis-à-vis governance
Unit 4: Board Committees :
Need, objectives, types, number and functions of board committees-audit,
compensation, nomination, environment, risk, strategic committees, etc.; requirements
12 Hrs
for effective board committees; determinants of board committees in companies;
linkage between board committees and governance standards
Unit 5: Governance Committees:
Committees in UK - Cadbury, Hampel, Greenbury, Smith and Combined Code; Kings
Committee recommendations, OECD principles of governance; Governance
Committees in India - CII, Birla, Naresh Chandra and Narayan Murthy Committees - 10 Hrs
major recommendations; listing agreement and clause-49; role of SEBI in enforcement
of governance code; extent of compliance of governance code in India
Suggested Readings:
1. N Balasubramanian, Corporate Governance and Stewardship, TMH, New
Delhi
2. N Balasubramaniam, Corporate Boards and Governance, Sterling Publishers,
New Delhi.
3. A C Fernando, Corporate Governance – Principles, Policies and Practices,
Pearson Education, New Delhi.
4. Jayati Sarkar and Subrata Sarkar, Corporate Governance in India, Sage
Publications, New Delhi.
5. Subash Chandra Das, Corporate Governance in India, PHI, New Delhi.

51
 6. Swami Parthasarathy, Corporate Governance: Principles, Mechanisms and
Practice, Dreamtech, New Delhi
7. Thomas Clarke, International Corporate Governance, Routledge Publishers,
London.
8. Donald Chew & Gillan, Corporate Governance at the Crossroads: A Book of
Readings; McGraw Hill, New York.
9. Robert Monks and Nell Minnow, Corporate Governance, Blackwell
Publishing, Singapore.
10. Soloman and Soloman, Corporate Governance and Accountability, Wiley
Publications, New Delhi

SPECIALISATION GROUP - A: COST MANAGEMENT

AND CONTROL
Paper Code PG63T403A: Strategic Cost Management
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop individuals with advanced Knowledge of strategic cost management capable
of serving corporates
CO 2 Design algorithm of implementing activity-based costing in business activities
CO 3 Identify factors having bearing on cost elements in various phases of product life
cycle
CO 4 Monitor the operations of just in time and integrate it with logistic management
CO 5 Coordinate on the linkages among various parts involved in strategic cost methods
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Activity based costing:
Inadequacies of traditional methods of overhead absorption, concept of ABC, Kaplan
and Cooper’s approach to ABC, cost drivers and cost pools, main activities and its cost
12 Hrs
drivers, allocation of overhead under ABC – characteristics, steps, implementation and
benefits of ABC system.
Unit 2: Learning Curve Model:
Concept and phases of learning curve, graphical representation, learning curve
10 Hrs
applications and factors affecting learning curve, experience curve
Unit 3: Life cycle costing:
Concept and characteristics, activities and phases in product life cycle short product
12 Hrs
and extension of product life cycle, Turning Point Indices in product life cycle
Unit 4: Just in time approach:
Concept, philosophy of JIT, sources of waste, aims and objectives of JIT, features and
methodology in implementation of JIT, planning for adoption and limitations of JIT 10 Hrs
costing
Unit 5: Target Costing and throughput accounting:
Target costing- meaning, definitions, scope, significance of target costing; throughput 12 Hrs

52
accounting- meaning, definitions, scope and significance of throughput accounting
Suggested Readings:
1. S P Jain and K L Narang, Advanced Cost Accounting, Kalyani
Publications, Ludhiana.
2. Colin Drury, Cost and Management Accounting, Cengage
Publications, New Delhi.
3. Ravi M Kishore, Business Strategy and Strategic Cost Management,
Taxmann Publications, New Delhi.
4. Robert Kaplan and Anthony Atkinson, Advanced Management
Accounting, PHI, New Delhi.
5. Horngren, Foster and Datar, Cost Accounting: A Managerial
Emphasis, PHI,New Delhi.
6. Edward Blocher, Cost Management: A Strategic Emphasis, TMH, New
Delhi.
7. Hilton, Cost Management, TMH, New Delhi.
8. Shank and Govindrajan, Strategic Cost Management, Simon and
Schuster,New York.
9. Kanhaiya Singh, Management Accounting: Concepts and Strategic
Costing Decisions, Wiley India Pvt Ltd, New Delhi.
10. Lin Thomas, Cases and Readings in Strategic Cost Management,
McGraw Hill Publications, New York

Paper Code PG63T403B: Quantitative Methods for Cost Accountants:

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design effective cost minimisation and optimisation
CO 2 Identify areas of applicability’s of assignment techniques
CO 3 Develop PERT and CPM network models for business entities involved in project
implementation
CO 4 Priorities quantitative techniques based on cost and performance standards
CO 5 Chalk out areas of applicability of linear programming models
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction:
Meaning and definition of quantitative techniques, linkage between business decision
making and quantitative techniques, different quantitative techniques, areas for 12 Hrs
application of quantitative techniques in business
Unit 2: Linear programming:
Meaning and objectives of linear programming, application areas, assumptions of
linear programming, application of linear programming technique for profit 12 Hrs
maximization and cost minimization problems, graphic and simplex methods, duality

53
and post-optimality analysis

Unit 3: Transportation technique:

Meaning and objectives, areas for application, formulation of transportation problems,
steps involved in finding the optimal solution, methods of obtaining initial solution,
14 Hrs
methods of testing optimality of feasible solution, unbalanced transportation problem,
degeneracy in transpiration problem
Unit 4: Assignment technique:
Meaning and objectives, areas of application, peculiarities of assignment problems,
methods solving an assignment problem, complete enumeration method, simplex
method, transportation method, and Hungarian method, constrained assignment 14 Hrs
problem, unbalanced assignment problem, assignment problem and minimization case,
traveling salesman problem
Unit 5: Techniques for project cost management:
Drawing an arrow network and numbering the events, estimation of jobs, duration and
concept of critical path and probability consideration, assumptions in PERT analysis,
12Hrs
crashing a network and determining of project cost trade off, scheduling a network
with various constraints like manpower, equipment, etc
Suggested Readings:
1. N D Vohra, Quantitative Techniques for Management, TMH, New
Delhi.
2. M P Gupta and R B Khanna, Quantitative Techniques for Decision
Making, PHI, New Delhi.
3. J K Sharma, Quantitative Techniques for Management, Trinity Press,
New Delhi.
4. Satyadevi C, Quantitative Techniques, S Chand & Sons, New Delhi.
5. P C Tulsian and Vishal Pandey, Quantitative Techniques – Theory and
Problems, Pearson Education, New Delhi.
6. Jaisankar S, Quantitative Techniques for Management, Excel Books,
New Delhi.
7. Levin and Kark Patrika, Quantitative Approaches to Management, TMH,
International edition, Singapore.
8. Barry Render, Ralph Stair and Michael Hanna, Quantitative Techniques
for Management, Pearson Education, New Delhi.
9. Ramanath and R Shringi, Quantitative Techniques for Management,
HPH, Mumbai.
10. Leonard W.Hein, The Quantitative Approaches to Management
Decisions,PHI, New Delhi

Paper Code PG63T403C: COST AND MANAGEMENT AUDIT:

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design appropriate blend of cost and management programme

CO 2 Generate cost audit for wider circulation among the members of management team
CO 3 Undertake or resolve basis in business entities corporate social cost benefit analyses

54
CO 4 Chalk in programmes for effective implementations of internal audit programme
CO 5 Design audit programme of NGOs, SHGs, Municipalities etc and compete audit
programmes
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Cost Audit:
Nature, Scope, utility and Advantages of Cost Audit; Companies (Cost Records &
Audit) Rules, 2014. Professional Ethics, Misconduct, Offences and Penalties; Format
12 Hrs
of Cost Audit Report – XBRL – Salient Features Section Reporting issues under Cost
Audit, cost auditing and assurance standards
Unit 2: Cost Accounting Standards:
meaning, objectives, significance, generally accepted costing principles, cost
accounting standard board, cost accounting standard setting process, cost accounting 10 Hrs
standards, (1, 3,6,7,8,9,10, and 11)
Unit 3: Management Audit:
Meaning, Nature, Scope, utility, Energy Audit, Efficiency Audit, Propriety Audit and
Systems Audit . Evaluation of Corporate Image - Corporate Development Audit –
12 Hrs
Impact of environmental pollution, Social Cost Benefit Analysis, Corporate Social
Audit and Safety audit
Unit 4: Internal Audit:
Concept of Internal Audit, Operational Audit and other related issues ; Provisions of
Internal Audit under Companies Act, 2013; Audit Planning, Audit Programme, Audit 10 Hrs
working papers . Receivables Audit, Reporting to Management
Unit 5: Audit of Services and Local Bodies:
Audit of Hospitals, Hotels, educational Institutions, Co-operative Societies, Self Help
Groups, Non-Governmental Organizations (NGOs), corporations, municipalities, 12 Hrs
Panchayats
Suggested Readings:
1. Jain Abhishek G, Cost and Management Audit, Himalaya Publishing House
(HPH), New delhi
2. Robert Kaplan and Anthony Atkinson, Advanced Management Accounting,
PHI, New Delhi.
3. Arora M.N., Cost Management, Himalaya Publishing House (HPH), New
delhi
4. Saxena, V/ Vashist, C., Advanced Cost & Management Accounting, Sultan
Chand & Sons
5. Colin Drury, Cost and Management Accounting, Cengage Publications, New
Delhi
6. Edward Blocher, Cost Management: A Strategic Emphasis, TMH, New Delhi.
7. Pandey I.M., Management Accounting, Vikas Publications, New Delhi.
8. Kanhaiya Singh, Management Accounting: Concepts and Strategic Costing
Decisions, Wiley India Pvt Ltd, New Delhi.
9. Cost and Management Audit by J.G. Tikha, ENCOMS BOMBAY
10. Cost and Management Audit by Datta Chowdary

55
 SPECIALIZATION GROUP - B: ACCOUNTING AND
TAXATION
Paper Code PG63T404A: Contemporary Issues in Accounting:
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design effective methods of accounting for price level changes
CO 2 Develop professional capable of accounting for human resource in financial
statements
CO 3 Develop effective system of identifying majoring recording and reporting of social
and environmental performance
CO 4 Educate top echelons of business entities on the relative significance of socio
environmental performance
CO 5 Design appropriate error detection mechanisms and effective management
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Inflation Accounting:
Limitations of historical Cost accounting; meaning, objectives and methods of
accounting for inflation-CPP and CCA methods – measurement of net monetary gain,
12 Hrs
COSA, gearing adjustment and preparation of Annual Accounts as per CPP and CCA;
Guidance note of ICAI on price level accounting
Unit 2: Human Resource Accounting (HRA):
Meaning, objectives, significance and development of HRA; issues involved in HRA;
methods for valuation of human resources; accounting methods as developed for HRA; 10 Hrs
HRA practices in the World and in India
Unit 3: Social and Environmental Accounting:
- meaning, objectives and significance of social accounting; theories of social
accounting; process and scope, concepts of social accounting theory; recent
developments in social accounting– GRI, UN Global Compact, Accountability
Assurance Standard, Social Responsible Index, ISO 26000 – Standard on CSR; CSR
reporting in India and in the World; preparation of Social Cost Benefit Analysis; Social
Audit; Environmental Accounting – definition, meaning, objectives, significance and 12 Hrs
classification; TBL Reporting; EFA - Recognition and Accounting for Environmental
Assets, Liabilities and Contingent Liabilities;
EMA – cost classification and uses of EMA; GRI Guidelines and Measurement; EA in
India; concept, methods and application of shadow pricing; carbon credit and carbon
accounting - meaning and development; environmental audit
Unit 4: Accounting for Intangibles:
Meaning, objectives, economic significance and classification of intangibles; valuation
and accounting methods; AS – 26 and its application in accounting for Intangibles in
India; meaning, objectives, significance and methods of brand accounting and 10 Hrs
valuation; concept, meaning, objectives and significance of measurement of
Organizational Capital and Intellectual Capital.

56
Unit 5: Creative Accounting :
Meaning, definitions, causes, techniques, extent and effects of creative accounting,
ethical issues involved in creative accounting; determinants of creative accounting
practices; detecting and control of creative accounting; creative accounting practices in 12 Hrs
India – Role of SEBI, stock exchanges, SFIO, etc., Forensic Accounting- meaning,
objectives and role of forensic accounting
Suggested Readings:
1. S N Maheswari and S K Maheswari, Advanced Accounting – Vol II, Vikas
Publications, New Delhi.
2. R L Gupta and Radhaswamy, Advanced Accounting – Vol 2, Sultan Chand &
Sons, New Delhi.
3. S K Chakravarthy, Topics in Accounting and Finance, OUP, New Delhi.
4. Shashi Gupta and Arun Mehra, Contemporary Issues in Accounting, Kalyani
Publishers, Ludhiana.
5. Thomas G Evans, Accounting Theory: Contemporary Accounting Issues,
Cengage Learning, New Delhi.

6. Arunkumar Bose and Malayendu Saha, Studies in Accounting and Finance –

Contemporary Issues and Debates, Pearson Education, New Delhi.
7. N P Agarwal and S C Jain, Contemporary Issues in Accounting, RBSA
Publishers, Delhi.
8. Eric Flamholtz, Human Resource Accounting: Advances in Concepts,
Methods Applications, Springer Publications, New York.
9. Naser, Creative Financial Accounting – Its nature and Use, Pearson
Education, London.
10. Griffiths Ian, New Creative Accounting – How to Make Your Profits What
You Want them to be; Macmillan Publications, New York

Paper Code PG63T404B: Corporate Tax Planning (GST and Customs)–II:

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Identify the structure and modalities involved in levying of GST regime.
CO 2 Develop individuals capable of managing GST regime in business entities.
CO 3 Generate input tax credit reforms and device process of recouping the same.
CO 4 Generate GST returns on a regular basis and upload the same.
CO 5 Properly account for GST related transactions and incorporate data generated in
management reports.
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction :
Meaning, scope and significance of GST; principles of subsumation and taxes
subsumed; classification of goods and services and GST rates; GST model in India –
CGST, SGST and IGST; GST Administration in India – GST Council - functions and
12 Hrs
challenges; GST Network – objectives structure, administration and functions;
operational aspects of GST–process of registration for manufacturer, service provider
and dealer, etc; amendment and cancellation of registration; tax invoice, credit and

57
debit notes; accounts and records; filing of returns – forms, time schedule; assessment,
payment of tax
Unit 2: Levy and Collection of Tax (HRA):
CGST Act, 2017 – levy and collection of central and state GST, composition levy,
taxable person, power to grant exemption from tax; Time and Value of Supply – time
12 Hrs
of supply of goods and services; change in rate of tax in respect of supply of goods or
services; value of taxable supply; Illustrative problems
Unit 3: Valuation of Goods and Services under GST:
Introduction to valuation under GST, meaning and types of consideration; valuation
rules; other cases for valuation of supply, imported services and goods; valuation for
discount; transaction value – meaning and condition; inclusive and exclusive discount; 10 Hrs
methods of valuation – computed value, residual value method; rejection of declared
value; Illustrative problems
Unit 4: Input Tax Credit System:
Introduction, meaning of Input Tax Credit, eligibility and conditions for taking Input
Tax Credit – CGST, SGST and IGST; recovery of Input Tax Credit and interest
10 Hrs
thereon, taking input tax credit in respect of inputs sent for job work, reverse charge,
manner of distribution of credit by input; service distributor; Illustrative problems
Unit 5: Tax Planning and Customs Duty:
– Scope and coverage of customs law, nature, types, classification, rates and valuation
of customs duty; exemptions, remissions, demand, recovery and refunds in customs,
12 Hrs
export schemes, duty drawbacks, types of valuation for Customs Duty – tariff value,
transaction value; methods of valuation; general provisions about baggage
Suggested Readings:
1. Keshav Garg, GST Ready Reckoner, Bharat Law House, Delhi.
2. V S Datey, GST Ready Reckoner, Taxmann’s Publications, New Delhi.
3. Raman Singla and Pallavi Singla, Simplified Approach to GST – A Ready
Referencer, Young Global Publications, Delhi.
4. S S Gupta, GST – Law and Practice, Taxmann’s Publications, New Delhi
5. Rajat Mohan, Illustrated Guide to GST, Bharat Law House, Delhi.
6. Anjali Agarwal, GST: Impact on the Indian Economy, New Century
Publications, Delhi.
7. Rakesh Garg and Sandeep Garg, GST Laws Manual: Acts, Rules and Forms,
Bloomsbury India, New Delhi.
8. Atul Kumar Gupta, GST – Concept and Roadmap, LexisNexis Publications,
New Delhi.
9. The Central Goods and Services Tax Act and Rules, 2017.
10. The Karnataka Goods and Services Tax Act, 2017, Karnataka Law Journal
Publications, Bangalore.

Paper Code PG63T404C: International Taxation:

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design an appropriate system of international taxation so as to avoid double taxation
and other issues.
CO 2 Devise effective relief measures to ameliorate the effect of double taxation.
CO 3 Generate management reports on the effects of harmful tax practices.

58
CO 4 Coordinate with both national and international levels regulating agencies on taxation.
CO 5 Develop system of integrating of domestic taxation with international taxation matters
at company and national levels.
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Basic principles of International Tax Law :
- Jurisdiction to Tax; limits on tax Jurisdiction; Taxes and Tax systems- practices in
Exercising tax Jurisdiction, Use of residence, domicile, citizenship as connecting
12 Hrs
factors, determination of residence of individuals and corporations; sources of income
and gains, issues due to change of residence/citizenship
Unit 2: International Double Taxation:
- Causes of international double taxation/Conflicts of residence and source, conflicting
definitions of connecting factors, other causes; Methods of relief from international 12 Hrs
double taxation/ relief by credit, relief by exemption and other methods
Unit 3: Transfer pricing and Double Taxation Conventions (DTCs):
- approaches to the determination of profits of branches and associated enterprises-
Unitary taxation (Global formularly apportionment), arms length approaches, OECD 10 Hrs
transfer pricing guidelines
Unit 4: International Tax avoidance:
- Tax heavens; approaches to identification of tax heavens- blacklists, whitelists,
graylists, work of OECD forum on harmful tax practices, features of most commonly 12 Hrs
used tax heavens, domestic law approaches to international tax avoidance
Unit 5: Indirect taxes and international Taxation:
- Origin and destination basis for indirect taxes, GATT and GATS rules and limitations
in border tax adjustments, WTO rules and taxes, cross border mergers- issues and 10 Hrs
solutions
Suggested Readings:
1. Williams, David W., Trends in International Taxation, (Amsterdam, International
Bureau of Fiscal Documentation, 1991) [ISBN: 90.70125-53.6]
2. Baker, Philip, Double Taxation Conventions and International Tax Law, (London,
Sweet & Maxwell, 3rd edition, loose-leaf, 2001) [ISBN: 0-421-67360-5]
3. Ogley, Adrian, Principles of International Taxation (London, Interfisc Publishing,
1993) [ISBN 0 952 0442 0 X]
4. Qureshi, Asif, The Public International Law of Taxation: Text, Cases and Materials
(London, Kluwer Law International, 1994) [ISBN 1 85333 950 4]
5. Rohatgi, Roy Basic International Taxation – Volume 1 (Principles) (Taxmann Allied
Services PVT Ltd) [ISBN 817496732X]
6. Vogel, Klaus, Double Taxation Conventions, (London, Kluwer Law International, 3rd
edition, 1997) [ISBN: 978-0-906524-06-0]
7. Tolley’s International Corporate Tax Planning (London, Tolley’s Publishing 2002)
[ISBN: 0-7545- 1339-4]
8. Miller, A & Oats, L, Principles of International Taxation (Tottel Publishing
2009,) [ISBN 1847663214] £79.80. Available from www. tottelpublishing.com
and www.amazon.co.uk
9. Russo, R (Editor), Finnerty, CJ (Author), Merks, P (Author), Pettricione M,
(Author), Fundamentals of International Tax Planning (IBFD July, 2007)

59
 [ISBN 978-90-8722-016-7] available from www.ibfd.org
10. Vinod Singhania and Kapil Singhania, Direct Tax Law and Practice, Taxman
Publications, New Delhi.
11. Manoharan and Hari, Direct Tax Laws, Snow White Publications, New Delhi.
12. Mehrotra and Goyal, Direct Taxes – Tax Planning and Management, Sahitya
Bhavan Publications, Agra.
13. Dinkar Pagare, Tax Laws, Sultan Chand, New Delhi

SPECIALISATION GROUP - C: ACCOUNTING AND

FINANCE
Paper Code PG63T405: Business Analysis and Valuation:
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Design appropriate business valuation models keeping in mind the nature and size of
business.
CO 2 Develop linkages between industry analysis, competitive strategy analysis and
corporate strategy analysis.
CO 3 Equip in individuals all the linkages between cashflow, discount rate and value of the
firm.
CO 4 Devise accounting reports to be used in managerial decision making.
CO 5 Develop comparative valuation models applicable to multitude actions of business
managers
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction:
Concept and objectives of business valuation; types of business valuation – assets,
liabilities, earnings, securities valuation; uses of valuation; approaches to valuation –
12 Hrs
book value, liquidation, replacement and break-up value; cash flow and dividend
discount models; P/E multiples, pitfalls in valuation – bias, uncertainty and complexity
Unit 2: Business Valuation Tools:
Strategy Analysis – industry analysis – industry structure and profitability; Porter’s
Five-Forces Mode; competitive strategy analysis – sources of competitive advantage;
corporate strategy analysis – sources of value creation; accounting analysis – 10 Hrs
framework for financial reporting; factors influencing accounting quality; steps in
accounting analysis; pitfalls in accounting analysis; implementing accounting analysis
Unit 3: Estimating Discount Rate and Cash Flows:
Estimating Weighted Average Cost of Capital – cost of debt, cost of preferred stock
and cost of equity; selection of weights; measuring cash flows – earnings –
12 Hrs
adjustments, tax effect, reinvestment needs, changes in working capital; equity cash
flows – dividends; estimating growth rate and terminal value
Unit 4: Discounted Cash Flow Models:
Dividend discount models – Gordon, two-stage and three-stage growth models; free
12 Hrs
cash flow to equity models; free cash flow v/s dividend discount models; firm

60
valuation – free cash flows to all claim holders model and adjusted present value
approach – two stage and three stage approach; excess return models – economic value
added; capital structure and firm value; relative valuation – earnings multiples, book
value or replacement value multiples, revenue multiples, sector-specific multiples;
equity multiples – P/E multiples, price to book ratio, price to sales ratio
Unit 5: Valuation Applications:
Security analysis – meaning and objectives; approaches and process of security
analysis; credit analysis – meaning, objectives and process; mergers and acquisitions –
reasons and acquisition pricing – value of synergy; corporate financing policies – debt 10 Hrs
and dividend policies – cost of distress; value of control – meaning and approaches;
employee equity options and compensation; valuation of intangibles
Suggested Readings:
1. Palepu, Healy and Bernard, Business Analysis and Valuation, Cengage
Learning, New Delhi.
2. Prasanna Chandra, Corporate Valuation and Value Creation, TMH, New
Delhi.
3. Erik Peek, Business Analysis and Valuation, Cengage Learning, New Delhi.
4. Aswath Damodaran, Damodaran on Valuation, John Wiley Publications, New
Delhi.
5. Shannon P Pratt, Business Valuation – Discounts and Premiums, John Wiley,
New Delhi.
6. Wayne Lonergan, Valuation of Businesses Shares & Other Equity, Viva
Books, New Delhi.
7. Enrique R Arzac, Valuation for Mergers, Buyouts and Restructuring, John
Wiley, New Delhi.
8. Sudipto Bhattacharya, Theory of Valuation, World Scientific British Library,
Mumbai.
9. Adamson and Adamson, Valuation of Company Shares and Business, Law
Book Company, Allahabad.
10. Mercer, Business Valuation, John Wiley, New Delhi

SPECIALISATION GROUP- D: FINANCE GROUP

Paper Code PG63T406: Behavioral Finance:
and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop professionals integrating financial and psychical variables in stock market
activitie
CO 2 Develop models of monitoring psychological factors and minimising negative effect
CO 3 Conduct tests on investor behaviour and undertake surveys to incorporate the
behavioural aspects if investing in policy making
CO 4 Generate management reports on real time bases on behavioural effects
CO 5 Device systems categorising investing class on behavioural aspects based on personal

61
 and other traits and integrate the same in corporate financial action
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Rise of Rational Market Hypothesis:
Modern corporate finance, portfolio theory, CAPM, random walk theory & EMH;
impact on Wall Street and Corporations; challenge of behaviouralists – deviation from
12 Hrs
rationality, possibility of beating the market, etc; emergence of behavioural finance –
meaning and significance; foundations of rational finance
Unit 2: Foundations of Behavioural Finance:
– Heuristics and Biases – Two Systems Approach; familiarity and related heuristics;
biases, hyperbolic discounting; self-deception – overconfidence – forms and causes; 10 Hrs
success equation; Prospect Theory and Mental Accounting
Unit 3: Foundations of Behaviour Finance :
EMH – theoretical foundations and challenges to EMH; emotional factors and social
forces – theories of emotion; types and dimensions of emotion; social influence on
12 Hrs
investment and consumption; neuroscientific and evolutionary perspective – brain
basics, Adaptive Market Hypothesis
Unit 4: Behavioural Aspects of Investing :
Investor behavior – Behavioural Portfolio Theory – basic ingredients; market
outcomes – size effect, seasonality, momentum and reversal; post-earnings
announcement drift, equity premium puzzle, Behavioural Asset Pricing Model; Value 10 Hrs
Investing – central tenets, evidence, prospects and academic research on Value
Investing
Unit 5: Behavioural Corporate Finance:
Rational managers with irrational investor approach; valuation, capital budgeting,
capital structure, dividend and mergers and acquisition; building a smart organization
– challenges, accounting, financial planning, incentives, information sharing and
10 Hrs
group
processes; other insights – noise and performance, stock as a complex adaptive system;
animal spirits and Halo Effect
Suggested Readings:
1. Prasanna Chandra, Behavioural Finance, TMH, New Delhi.
2. Suchitra Singh and Shilpa Bahl, Behavioural Finance, Vikas Publications,
New Delhi.
3. Lucy Ackert and Richard Deaves, Understanding Behavioural Finance,
Cengage Learning, New Delhi.
4. M M Sulphey, Behavioural Finance, PHI, New Delhi.
5. William Forbes, Behavioural Finance, Wiley India, New Delhi.
6. Shefrin, Hersh, A Behavioral Approach to Asset Pricing, Elsevier Academic
Press.
7. Montier, James, Behavioural Finance- Insights into Irrational Minds and
Markets, John Wiley & Sons, Ltd.
8. Parag Parikh, Value Investing and Behavioural Finance, TMH, New Delhi.
9. Edwin Burton and Sunit N Shah, Behavioural Finance, John Wiley, New
Delhi.
11. Kadir C Yalcin, Behavioural Finance, Lambert Academy Publications, New

62
 Delhi.

Paper Code PG63T407: Project Finance:

and Name
COURSE OUTCOMES (COs)
After completing this paper, the students will be able to:
CO 1 Develop professionals capable of managing effective execution and control of project
plans.
CO 2 Design system of forewarning cost and time overview
CO 3 Develop individuals capable of generating management reports at various stages of
project management.
CO 4 Generate reports for decision making on various mechanisms of project financing.
CO 5 Devise effective blend of financial and organisational control techniques for timely
completion of projects
Teaching
PARTICULARS Hrs (Max.
64)
Unit 1: Introduction:
Meaning of Projects and types of projects; generation and screening of project idea;
objectives of project planning, monitoring and control- need, phases, project
12 Hrs
construction alternatives, control requirement and functions. Project life cycle; project
manager, turnkey projects
Unit 2: Project Preparation:
Technical feasibility, estimation of costs, demand analysis and - commercial viability;
risk analysis, collaboration agreements; financial planning; estimation of fund
10 Hrs
requirements, sources of funds; loan syndication for the projects, tax considerations in
project preparation and the legal aspects
Unit 3: Project Appraisal:
Business Criterion of growth, liquidity and profitability, social cost - benefit analysis
in public and project sectors, investment criterion and choice of techniques; estimation 12 Hrs
of shadow prices and social discount rate
Unit 4: Network Techniques for Project Management:
Development of project network; time estimation; determination of critical path,
10 Hrs
scheduling when resources are limited; PERT & CPM Models; Network cost system
Unit 5: Project Review and Control:
Initial review- control of project in progress and post audit; performance evaluation;
abandonment analysis; behavioural issues in project abandonment; Project direction-
12 Hrs
co-ordination and control, project performance control- schedule control and cost
control - performance indicators- performance improvement
Suggested Readings:
1. Prasanna Chandra, Projects - Planning, Analysis, Selection, Implementation
and Review, TMH, New Delhi.
2. Clifford Gray, Project Management – Managerial Process, TMH, New Delhi.
3. Khanna S, Project Evaluation and Cost Overruns, Bharat Law House, New
Delhi.

63
4. Bharesh M Patel, Project Management, Vikas Publications, New Delhi.
5. Vasant Desai, Project Management, HPH, Mumbai.
6. Choudary S, Project Management, TMH, New Delhi.
7. Narendra Singh, Project Management and Control, HPH, Mumbai.
8. Pouliquen L Y, Risk Analysis in Project Appraisal, John Hopkins Press,
California.
9. Murdick R G and Deming D D, The Management of Capital Expenditures,
McGraw Hill, New York.
10. DL Olson, Introduction to Information System Project Management, TMH,
New Delhi.

64