Author: H. V. Kishnadwala

               H. A. Wandrekar

               Lokesh V. Tardalkar

FIRST EDITION 2025

MODULE – I:

(1)     Process Costing:

• Introduction: Features of Process, concept of Process Loss, Abnormal Loss, Normal Loss, Abnormal Gain.
• Computation of Inter-Process Profit: Advantages and Disadvantages, Computation of Equivalent Production – Weighted Average and FIFO.

(2)     Cost Allocation and Activity Based Costing Systems:

• Cost Allocation: Meaning and Its Types, Relationship between resources, Activities, Cost and Cost Drivers, Methods of Allocating Central Costs – Cost Allocation Using Direct Method, Step Down Method and Reciprocal Method.
• Activity Based Costing: Introduction, Advantages, Limitations, Identification of Cost Drivers, Practical Problems on Traditional V/s Activity Based Costing System.

MODULE – II:

(3)     Responsibility Accounting:

• Responsibility Accounting: Meaning, Features, Objective, Assumptions, Problems, Responsibility Centre’s – Cost, Profit, Revenue and Investment.
• Concept of Controllability: Introduction, Measuring Managerial Performance (ROI and Residual Income Approach), Preparation of Managerial Reports using Segmented Costs and Controllable Costs Approach.

(4)     Strategic Cost Management:

• Transfer Pricing: Introduction, Advantages and Disadvantages, Setting Transfer Pricing – Negotiated Transfer Pricing, Cost Based Transfer Pricing.
• Target Costing: Introduction, Concept, Objectives, Comparison between Target Costing and Cost Plus Pricing. Inflation Accounting – Meaning, Features, Conversion of Income Statement, Balance Sheet, Stocks and Net Assets Block using Current Purchasing Power Method.

MODULE – I:

(1)   Financial Report:

• Trial Balance: Phase of the Accounting Process, Ledger Balances on a Particular Date and Classification of Errors.
• Profit and Loss Account: Introduction, Purpose, Analysis of Report, Direct and Indirect Cost and Format of Profit and Loss Account. Balance Sheet: Features, Purpose, Importance, and Balance Sheet Formats.

(2)   Goods and Services Tax (GST):

• About Goods and Services Tax (GST): An Introduction Including Concept of GST, Need and Benefit of GST.
• GST Taxes and Invoices: GST rate, Application of CGST, SGST and IGST, Printing of tax invoices and computation of GST liability. Activating GST Masters in Tally: GST Compliance, Setting Up of GST Rate, Updating Party GSTIN and Updating GST in service Ledgers.

 MODULE – I:    

(1)     Scope and Objectives of Corporate Financial Management:

• Financial Needs of the Corporate Sector, Sources of Financing, Factors Affecting Corporate Finance Environmental, Social and Governance (ESG) Considerations: Ownership Structure and ESG Integration Process.
• New Age Financing: Debt Securitization and Green Bonds, Venture Capital Fund: Methods of Venture Capital Financing and Venture Capital Funds in India.

(2)     Time Value of Money:

• Concept, Time Value of Money and Its Significance, Present Value V/s Future Value Annuity, Techniques of Discounting, Techniques of Compounding.
• Valuation of Bonds: Introduction, Types, and various models Calculation of Bond Valuation and Yield to Maturity.

MODULE – II:       

(3)     Financial Analysis – Application of Ratio Analysis in Financial Decision Making:

• Profitability Ratios: Gross Profit Ratio, Operating Profit Ratio, Return on Capital Employed Efficiency Ratios: Sales of Capital Employed, Sales to Fixed Assets, Profit to Fixed Assets, Stock Turnover Ratio, Debtors Turnover Ratio, Creditors Turnover Ratio.
• Liquidity Ratios: Current Ratio, Quick Ratio, Stability Ratio: Capital Gearing Ratio, Interest Coverage Ratio Investor’s Analysis, Earnings per Share, P/E Ratio and Dividend Yield.

(4)     Financial Decisions:

• Cost of Capital: Introduction, Definition of Cost of Capital, Measurement of Cost of Capital, WACC, Marginal Cost of Capital.
• Capital Structure Decisions: Meaning, Choice of Capital Structure, Importance, Optimal Capital Structure, EBIT: EPS Analysis, cost of Capital Structure and Market Price of Share, Capital Structure Theories, Dividend Policy: Payout Ratio.

MODULE – I:

(1)    Foundations of Risk Management:

• Basic Risk Types, The Role of Risk Management, Enterprise Risk Management (ERM).
• History of Financial Disasters and Risk Management Failures 2007 Financial Crisis.

(2)    Capital Market Risk Management:

• Equity, Currencies & Commodities Markets in India, Introduction to Derivatives, Forward, Future and Option Contracts, Hedging through Derivatives Contract.
• Fixed-income Securities, Fixed-income Risk Management through Derivatives, Rating Agencies.

MODULE – II:

(3)    Credit Market Risk Management:

• Introduction, Information Required for Evaluation of Credit Risk, Procedure for Credit Risk Management, Credit Lifecycle.
• Loan Review Mechanism Guidelines on Credit Rating Framework in Banks, Introduction of Basel Norms and Calculation of Capital Adequacy Ratio (Calculation).

(4)    Risk Measurement:

• Estimation of volatilities and correlations (application to volatility term structures) Monte Carlo Simulations (Application to Interest Rate Forecasting), Linear Value-at-Risk (application to market, Credit and Operational Risk).
• Option Valuation, Risk-Adjusted Return on Capital (RAROC) and beta calculation, Risk Management of Derivatives (Application to Convertible Risk), Interest Rates and Measures of Interst Rate sensitivity.

Author: Farhat Fatma Shaikh

SECOND REVIED EDITION 2025

Module – I:

(1)     Introduction to GST Levy and Collection of GST:

• Introduction to GST: Genesis of GST in India, Power to tax GST (Constitutional Provisions).
• Extent and Commencement, Meaning and Definition of GST, Benefits of GST, Conceptual Framework – CGST, IGST, SGST, UTGST, Imports of goods or services or both, Export of goods or services or both, Taxes subsumed and not subsumed under GST.
• Definitions: Section 2(13) Audit, Section 2(17) Business, Section 2(31) Consideration, Section 2(45) Electronic Commerce Operator Section 2(52) Goods Section 2(56) India, Section 2(78) Nontaxable Supply Section 2(84) Person, Section 2(90) Principal Supply Section 2(93) Recipient Section 2(98) Reverse charge, Section 2(102) Services, Section 2(105) Supplier Section 2(107) Taxable Person Section 2(108) Taxable Supply Extent & Commencement of CGST Act/SGST Act/UTGST Act/IGST Act Goods and Services Tax Council (GST Council).
• Goods & Services Tax Network (GSTN) Composition Scheme (Section 10 of CGST Act).

(2)     Concept of Supply:

• Concept of Supply (Section 7,8 & 9 of CGST Act) Taxable & Non Event Supply (Section 11 of CGST Act) Place of Supply (Section 10 of IGST Act).
• Time of Supply: Time of Supply (Section 12 & 13 of CGST Act) Value of Supply (Section 15 of CGST Act).

Module – II:

(3)     Input Tax Credit and Computation of GST (Section 16-19 of CGST Act):

• Eligibility and conditions for taking Input Tax Credit Apportionment of Credit & Blocked Credit, Credit in special circumstances.
• Computation of GST under Inter State supplies and Intra State Supplies.

(4)     Registration (Section 22-30 of CGST Act):

• Registration: Persons liable for Registration, Persons not liable for Registration.
• Procedure for Registration, Deemed Registration, Amendment, Cancellation and Revocation of Registration.