Author: Baishakhi Dutta

               Shirisha Gupte

               Priti Thakkar

               Harini C.

(1)     Working Capital Management:    

• Management of Working Capital in India.
• Estimating Working Capital Needs.
• Operating or Working Capital Cycle.
• Working Capital Financing: Trade Credit; Bank Credit; Commercial Papers; Certificate of Deposits (CDs); Financing.

(2)     Management of Components of Working Capital:    

• Management of Cash and Marketable Securities: Motives for Holding Cash; Objectives of Cash Management; Factors Determining Cash Needs; Basic Strategies of Cash Management; Cash Management Techniques / Processes; Marketable Securities; and Cash Management Practices in India.
• Receivables Management: Objectives; Credit Policies; Credit Terms; and Collection Policies.
• Inventory Management: Objectives; and Techniques.

(3)     Financial Planning:    

• Meaning and Essentials of Budget.
• Types of Budget.
• Advantages of Budgeting.
• Zero Based Budgeting.
• Master Budget.
• Sales Budget, Production Budget, Material Budget, Cash Budget and Flexible Budget.

(4)     Financial Policy and Corporate Strategy:  

• Meaning of Strategic Financial Management.
• Strategic Financial Decision Making Framework.
• Functions of Strategic Financial Management.

Business Risk and Financial Risk:

• Debt v/s Equity Financing.
• Types of Leverage.
• Investment Objective/Criteria for Individuals/Non-Business Purpose.

(1)     Introduction to Cost Accounting:    

• Objectives and Scope of Cost Accounting.
• Cost Centres and Cost Units.
• Cost Classification for Stock Valuation, Profit Measurement, Decision Making and Control.
• Coding Systems.
• Elements of Cost.

(2)     Classification of Cost and Cost Sheet:    

• Classification of Costs, Cost of Sales, Cost Centre, Cost Unit, Profit Centre and Investment Centre.
• Cost Sheet and Reconciliation of Cost and Financial Accounts.

Note: Practical Problems based on Preparation of Cost Sheet Reconciliation of Cost and Financial Accounts.

(3)     Standard Costing:              

• Various Types of Standards, Setting of Standards, Basic Concepts of Labour and Overhead (Fixed and Variable) Variance Analysis.

(4)     Introduction to Marginal Costing:   

• Marginal Costing Meaning, Application, Advantages, Limitations, Contribution, Breakeven Analysis and Profit Volume Graph.

Note: Practical Problems based on Marginal Costing excluding Decision Making.

(1)     Company Law – An Overview:   

• Development of Company Law in India.
• Doctrines Governing Corporates: Lifting the Corporate Veil, Doctrine of Ultra Vires, Constructive Notice, Indoor Management, Alter Ego. The Principle of Non Interference (Rule in Foss V/s Harbottle) – Meaning,  Advantages,  Disadvantages & Exceptions, Majority and Minority Rights under Companies Act.
• Application of Company Law to Banking and Insurance Sector: Application of Companies Act to Banking and Insurance sector governed by Special Acts. S.1(4) of Companies Act 2013.

Exceptions provided (S.67(3), S.73(1), S.129(1), 179(3), S.180(1)(c), S.186, S.189.

(2)     Regulatory Framework governing Stock Exchanges as per Securities Contracts Regulation Act 1956: 

• Definition of Securities, Spot Delivery Contract, Ready Delivery Contract, Stock Exchange.
• Corporatisation and demutualisation of Stock Exchange –Meaning, Procedure & Withdrawal.
• Power of Recognised Stock Exchange to make rules restricting voting rights etc.
• Power of Central Government to Direct Rules or Make rules.
• Power of SEBI to make or amend bye laws of recognised stock exchange.
• Books and Accounts to be maintained by recognized stock exchange.
• Grounds on which stock exchange can delist the securities of a company.
• Section 3 to Section 20.

(3)     Security Exchange Board of India:   

• SEBI: Objectives-terms-establishment-powers-functions-accounts and audit- penalties – registration.
• Issues of Disclosure Investors Protection Guidelines: Pre & Post obligations-conditions for issue-Debt Security-IPO-E-IPO-Employee option-right-bonus-preferential allotment intermediary-operational-promoter lock in period requirements-offer document.

(4)     The Depositories Act, 1996: 

• Depository – Meaning, Benefits,  Models, Functions Participants
• The Depository Act 1996 – Objectives, Eligibility condition for depository services, Fungibility, Bye laws of depository, Governance of Depository and Internal audit of depository Participants
• BSDA and single registration for depository participants.

(1)     Introduction to Macroeconomics Data and Theory:

Macroeconomics: Meaning, Scope and Importance.

Circular flow of aggregate income and expenditure: Closed and Open Economy Models.

The Measurement of national product: Meaning and Importance – Conventional and Green GNP and NNP concepts – Relationship between National Income and Economic Welfare.

Short Run Economic Fluctuations: Features and Phases of Trade Cycles

The Keynesian Principle of Effective Demand: Aggregate Demand and Aggregate Supply – Consumption Function – Investment function – Effects of Investment Multiplier on Changes in Income and Output.

(2)     Money, Inflation and Monetary Policy:     

Money Supply: Determinants of Money Supply – Factors influencing Velocity of Circulation of Money.

Demand for Money: Classical and Keynesian approaches and Keynes’ liquidity preference theory of interest.

Money and prices: Quantity theory of money – Fisher’s equation of exchange – Cambridge cash balance approach.

Inflation: Demand Pull Inflation and Cost Push Inflation – Effects of Inflation – Nature of inflation in a developing economy.

Monetary policy: Meaning, objectives and instruments, inflation targeting.

(3)     Constituents of Fiscal Policy:    

Role of a Government to provide Public goods – Principles of Sound and Functional Finance.

Fiscal Policy: Meaning, Objectives – Contra cyclical Fiscal Policy and Discretionary Fiscal Policy.

Instruments of Fiscal policy: Canons of taxation – Factors influencing incidence of taxation – Effects of taxation Significance of Public Expenditure – Social security contributions – Low Income Support and Social Insurance Programmes – Public Debt – Types, Public Debt and Fiscal Solvency, Burden of Debt Finance.

Union budget: Structure – Deficit concepts – Fiscal Responsibility and Budget Management Act.

(4)     Open Economy: Theory & Issues of International Trade:

The basis of international trade: Ricardo’s Theory of Comparative Cost Advantage – Heckscher-Ohlin Theory of Factor Endowments – Terms of Trade – Meaning and Types – Factors determining Terms of Trade – Gains from trade – Free Trade versus Protection.

Foreign Investment: Foreign Portfolio Investment – Benefits of Portfolio capital flows – Foreign Direct Investment – Merits of Foreign Direct Investment – Role of Multinational corporations.

Balance of Payments: Structure – Types of Disequilibrium – Measures to correct disequilibrium in BOP.

Foreign Exchange and foreign exchange market: Spot and Forward rate of Exchange – Hedging, Speculation and Arbitrage – Fixed and Flexible exchange rates – Managed flexibility.]