(1)     Fundamentals of International Finance:  

Meaning and Scope of International Finance, Balance of Payment, Components, Deficit in Balance of Payment, Concept of Currency Convertibility.

International Monetary System, Gold Standard, Features, Bretton Wood System, Background and Features, Reasons for its Failure, Smithsonian Agreement, SDRs, European Monetary System.

Current Exchange Rate Systems: Fixed and Flexible Exchange Rate, Merits Demerits, Types of Fixed Exchange Rate, Hard Pegs and Soft Pegs, Types of Flexible Exchange Rate, Managed and Free Float.

(2)     International Capital Markets:        

Types of Capital Flows, FDI, FPI, FII

Euro Currency Markets, Origin and Reasons of growth, a Brief Understanding of Eurocurrency Deposit, Loans Bonds and Notes Market, Concept of Offshore Banking.

International Equity Markets, Concept of Depository Receipts, GDR, Characteristics, Mechanism of Issue, Participants Involved, ADR, Types and Characteristics , Concept of IDR

International Bond Market, Concepts of Domestic Bond, Concept and Types of Foreign Bonds, Concept and Types of Euro Currency Bonds, Concepts of Foreign Currency Convertible and Foreign Currency Exchangeable Bonds, Participatory Notes.

(3)     Foreign Exchange Markets:       

Introduction, Market and Market Participants, Foreign Exchange Management in India, Retail and Whole Sale Component of Indian Foreign Exchange Market, Role of FEDAI, FEMA and Regulatory Framework, Dealing Room Operations.

Foreign Exchange Arithmetic, Exchange Rate Quotations, Direct Indirect and Cross rate, Percentage Spread, Arbitrage, Geographical, Triangular and Interest Rate (formula method only), Calculation of Forward Rates using Schedule of Swap Points, AFM, Determinants of Exchange Rate – Purchasing Power and Interest Rate Parity.

(4)     Risk Management:              

Risk Management and Derivatives, Transaction, Translation and Economic Risk Faced by Corporates, Transaction, Position, Settlement, Pre – settlement, Gap/Mismatch Risk faced by Banks, Internal and External hedging, Foreign Currency Derivative Instruments for Risk Management, Forward, Futures, Swaps and Options, Country Risk Management.

(5)     International Banking Operations:     

Introduction, Definition, Features of International Banking, Reasons for Growth of International Banking, Recent Trends in International Banking, Emergence of Crypto currency, Overview, Brief Overview to Bitcoin and other Crypto Currencies, Note on Mining and Crypto Currency Exchanges, Advantages, Disadvantages of Crypto Currency.

Functions of International Banking, Correspondent Banking, International Payment Systems, NRI accounts, Export Finance, Import Finance, International Merchant Banking, Financing Project Exports, Derivative Offering, Remittances, Compliance related, Interbank Functions, Internal Functions, Letter of Credit and Bank Guarantees.

International Lending Operation, Loan Syndication, Parties Involved, Phases /Stages in Loan Syndication, Types of Syndication, Role of LIBOR, Risk in International Lending, Role of International Credit Rating Agencies.

(1)     Introduction to Research:                

• Meaning, Objectives and Importance of Research.
• Types of Research.
• Research Process.
• Characteristics of Good Research.
• Hypothesis – Meaning, Nature, Significance, Types and Sources.
• Research Design – Meaning, Definition, Need and Importance, Steps, Scope and Essentials of a Good Research Design.
• Sampling –

(a)     Meaning of Sample and Sampling.

(b)     Methods of Sampling:

(i)      Non-Probability Sampling – Convenient, Judgment, Quota, Snow ball

(ii)     Probability – Simple Random, Stratified, Cluster, Multi Stage.

(2)     Data Collection and Processing:       

• Types of Data and Sources-Primary and Secondary Data Sources
• Methods of Collection of Primary data
• Observation: (i) structured and unstructured, (ii) disguised and undisguised, (iii) mechanical observations (use of gadgets)
• Experimental: (i) Field (ii) Laboratory
• Interview: (i) Personal Interview (ii) focused group, (iii) in-depth interviews Method
• Survey: Telephonic survey, Mail, E-mail, Internet survey, Social media, and Media listening.
• Survey instrument: (i) Questionnaire designing.
• Types of questions: (i) structured / close ended and
  (ii) unstructured/open ended, (iii) Dichotomous,
  (iv) Multiple Choice Questions.
• Scaling techniques: (i) Likert scale, (ii) Semantic Differential scale.

(3)     Data Analysis and Interpretation:       

• Processing of Data: Meaning and Essentials of (i) Editing (ii) Coding (iii) Tabulation
• Analysis of Data: Meaning, Purpose, Types.
• Interpretation of Data: Essentials, Importance, Significance and Descriptive Analysis
• Testing of hypothesis: One Sample T-Test, ANOVA, F-test, Chi Square and Paired Sample Test

(4)     Advanced Statistical Techniques:     

Introduction, Characteristics and Application of

• Correlation and Regression Analysis
• Factor Analysis
• Cluster Analysis
• Discriminant Analysis
• Multidimensional Scaling

(5)     Research Report:                                      

Report writing: Meaning, Importance, Structure, Types, Process and Essentials of a Good Report.

(1)     Final Accounts of Banking Company:     

Legal Provisions in Banking Regulation Act, 1949 Relating to Accounts.

Statutory Reserves including Cash Reserve and Statutory Liquidity Ratio.

Bills Purchase and Discounted, Rebate on Bill Discounted.

Final Accounts in Prescribed Form.

Non – performing Assets and Income from Non – performing Assets.

Classification of Advances: Standard, Sub – standard, Doubtful and Provisioning Requirement.

(2)     Final Accounts of Insurance Company:                         

• Preparation and presentation of Corporate Final Accounts for Insurance Companies
• Final Accounts in accordance with Insurance Legislation.
• Study of Accounting Policies from Annual Reports of Listed Insurance Companies.

(3)     Preparation of Final Accounts of Companies:

Relevant Provisions of Companies Act related to Preparation of Final Account  (excluding cash flow statement)

Preparation of Financial Statements as per Companies Act. (excluding cash flow statement)

AS 1 in Relation to Final Accounts of Companies (Disclosure of Accounting Policies)

Adjustment for:

• Closing Stock
• Depreciation
• Outstanding expenses and income
• Prepaid expenses and Pre received income
• Proposed Dividend and Unclaimed Dividend
• Provision for Tax and Advance Tax
• Bill of exchange ( Endorsement, Honour, Dishonour)
• Capital Expenditure included in Revenue expenditure and vice versa e.g. purchase of furniture included in purchases
• Unrecorded Sales and Purchases
• Good sold on sale or return basis
• Managerial remuneration on Net Profit before tax
• Transfer to Reserves
• Bad debt and Provision for bad debts
• Calls in Arrears
• Loss by fire ( Partly and fully insured goods)
• Goods distributed as free samples.
• Any other adjustments as per the prevailing accounting standard.

(4)     Cash Flow Analysis and Ethical Behaviour and Implications for Accountants:  

Cash Flow Analysis as per AS-3 (Indirect Method only)

Ethical Behaviour and Implications for Accountants

Introduction, Meaning of ethical behavior

Financial Reports – Link between Law, Corporate Governance, Corporate Social Responsibility and Ethics.

Importance and Relevance of Ethical Behavior in Accounting Profession.

Implications of Ethical Values for the Principles Versus Rule Based Approaches to Accounting Standards

The Principal Based Approach and Ethics

The Accounting Standard Setting Process and Ethics

The IFAC Code of Ethics for Professional Accountants

Contents of Research Report in Ethical  Practices

Implications of unethical behavior for Financial Reports

Company Codes of Ethics

The increasing role of Whistle – Blowing

Need to learn ethics.

(5)     Introduction to IFRS:   

IFRS 1: First Time Adoption of International Financial Reporting Standards, Objective, Scope, Definitions, First IFRS Financial Statements, Recognition and Measurement, Comparative Information, Explanation of Transition to IFRS, Reconciliations, Interim Financial Reports, Designation of Financial Assets or Financial Liabilities, Use of Fair Value as Deemed Cost, Use of Deemed Cost, Exceptions to Retrospective Application of other IFRS, Exemptions for Business Combination, Exemptions from other IFRS and Presentation and Disclosure.

IFRS 2: Share Based Payment – Objective, Scope, Definitions, Recognition, Equity Settled Share Based Payment Transactions, Transactions in which Services are Received, Treatment of Vesting Conditions, Expected Vesting Period, Determining the Fair Value of Equity Instruments granted, Modifications of terms and conditions, Cancellation, Cash Settled Share Based Payment Transactions, Share Based Payment Transactions in which The Terms of The Arrangement Provide The Counterparty with a Choice of Settlement, Share Based Payment Transactions in which the Terms of the Arrangement Provide the Entity with a Choice of Settlement, Share Based Payment Transactions among Group Entities (2009 Amendments), Disclosure.

(1)     Strategic Management an Overview:

Definitions, Strategic Decision Making, Levels of Strategic Management, Process of Strategic Management, Principles of Good Strategy, Elements of Strategic Management, Models of Strategic management.

(2)     Strategic Management Environment:

Importance of Politics in Strategic Management, Social, Political, and Technological forces, Role of Competition, National and Global Business Environment.

Components of Environment, Environmental Scanning, Analysis of Strategies and Choice of Strategy. Ethics, Social Responsibility, Impact of Legal Factors in Strategic Management, SWOT Analysis.

(3)     Levels of Strategies and Analysis:

Corporate Level Strategies: Concentration, Integration and Diversification, Internationalization, Digitization.

Process of Strategic Choice, Factors of Strategic Choice, Strategic Analysis.

(4)     Activating Strategy and Implementation:

Process and Nature of Strategy implementation, Barriers, Model of Strategy Implementation- Structural, Behavioral and Functional.

(5)     Strategic Evaluation and Control:

Standards, Benchmarking, Gap Analysis.

Features and Importance of Evaluation, Barriers in Evaluation, Types.

Strategic Control: Setting Standards, Comparison, Control process, systems, approaches, Technique of Evaluation and Control.

Role of Information System.

(1)     Introduction to Financial Services:

Financial Services: Meaning – Classification – Scope – Fund Based Activities – Non-Fund Based Activities –Modern Activities – Sources of Revenue – Need for Financial Innovation – New Financial Products and Services – Innovative Financial Instruments – Challenges Facing the Financial Sector.

Merchant Banking: Definition – Origin – Merchant Banking in India – Merchant Banks and Commercial Banks – Services of Merchant Banks – Qualities of Merchant Bankers in Market Making Process – Progress of Merchant Banking in India – Problems – Scope of Merchant Banking in India.

(2)     Mutual Funds and Factoring and Forfeiting:

Mutual Fund: Introduction to Mutual Fund – Structure of Mutual Fund in India – Classification of Mutual Fund – AMFI Objectives – Advantages of Mutual Fund – Disadvantages of Mutual Fund – NAV Calculation and Pricing of Mutual Fund – Mutual Funds Abroad – Mutual Funds in India – Reasons for Slow Growth – Future of Mutual Funds Industry.

Factoring and Forfaiting: Factoring – Meaning – Modus Operandi – Terms and Conditions – Functions – Types of Factoring. Factoring v/s Discounting – Cost of Factoring – benefits – Factoring in India – International Factoring – Definition – Types of Export Factoring – Factoring in other countries – EDI Factoring – Factoring – Definition – Factoring v/s Forfaiting – Working of Forfaiting – Cost of Forfaiting – Benefits of Forfaiting – Drawbacks of Forfaiting.

(3)     Securitisation of Debts and Derivatives:

Securitization of Debt: Meaning and Definition of Securitization – Securitization v/s Factoring – Modus Operandi – Role of Merchant Bankers – Role of other Parties – Securitization Structure – Securitisable Assets, Benefits of Securitization – Conditions for successful Securitization – Securitization Abroad – Securitization in India – Reasons for Non-popularity of Securitization – Future Prospects of Securitization.

Derivatives: Meaning – Types of Financial Derivatives – Options – Futures – Forwards – Swaps – Futures and Options Trading System – Clearing Entities and their Role.

(4)     Housing Finance and Consumer Finance:

Housing Finance: Introduction – Housing Finance Industry – Housing Finance Policy Aspect – Sources of Funds – Market of Housing Finance in India – Major Issues of Housing Finance in India – Growth Factors – Housing Finance Institutions in India – National Housing Bank (NHB) – Guidelines for ALM System in Housing Finance Companies – Fair Trade Practice Code for HFC’s Housing Finance Agencies.

Consumer Finance: Introduction – Sources – Types of Products – Consumer Finance Practice in India – Mechanics of Consumer Finance – Terms – Pricing – Marketing and Insurance of Consumer Finance – Consumer Credit Scoring.

(5)     Depositories and Pledge:

Depositories: Overview of Depository – Key Features of Depository System in India – Depository – Bank Analogy – Legal Framework – Eligibility Criteria for a Depository – Agreement between Depository and Issuers – Rights and Obligation of Depositories – Records to maintained by Depository – Services of Depository and Functions of Depository –Organisation and Functions of NSDL.

Pledge and Hypothecation: Pledge and Hypothecation – Procedure for Pledge / Hypothecation – Procedure of Confirmation of Creation of Pledge / Hypothecations by Pledgee – Closure of a Pledge / Hypothecation by Pledgor – Invocation of Pledge by Pledgee.

(1)     Introduction to Financial Services:

Financial Services: Meaning – Classification – Scope – Fund Based Activities – Non-Fund Based Activities –Modern Activities – Sources of Revenue – Need for Financial Innovation – New Financial Products and Services – Innovative Financial Instruments – Challenges Facing the Financial Sector.

Merchant Banking: Definition – Origin – Merchant Banking in India – Merchant Banks and Commercial Banks – Services of Merchant Banks – Qualities of Merchant Bankers in Market Making Process – Progress of Merchant Banking in India – Problems – Scope of Merchant Banking in India.

(2)     Mutual Funds and Factoring and Forfeiting:

Mutual Fund: Introduction to Mutual Fund – Structure of Mutual Fund in India – Classification of Mutual Fund – AMFI Objectives – Advantages of Mutual Fund – Disadvantages of Mutual Fund – NAV Calculation and Pricing of Mutual Fund – Mutual Funds Abroad – Mutual Funds in India – Reasons for Slow Growth – Future of Mutual Funds Industry.

Factoring and Forfaiting: Factoring – Meaning – Modus Operandi – Terms and Conditions – Functions – Types of Factoring. Factoring v/s Discounting – Cost of Factoring – benefits – Factoring in India – International Factoring – Definition – Types of Export Factoring – Factoring in other countries – EDI Factoring – Factoring – Definition – Factoring v/s Forfaiting – Working of Forfaiting – Cost of Forfaiting – Benefits of Forfaiting – Drawbacks of Forfaiting.

(3)     Securitisation of Debts and Derivatives:

Securitization of Debt: Meaning and Definition of Securitization – Securitization v/s Factoring – Modus Operandi – Role of Merchant Bankers – Role of other Parties – Securitization Structure – Securitisable Assets, Benefits of Securitization – Conditions for successful Securitization – Securitization Abroad – Securitization in India – Reasons for Non-popularity of Securitization – Future Prospects of Securitization.

Derivatives: Meaning – Types of Financial Derivatives – Options – Futures – Forwards – Swaps – Futures and Options Trading System – Clearing Entities and their Role.

(4)     Housing Finance and Consumer Finance:

Housing Finance: Introduction – Housing Finance Industry – Housing Finance Policy Aspect – Sources of Funds – Market of Housing Finance in India – Major Issues of Housing Finance in India – Growth Factors – Housing Finance Institutions in India – National Housing Bank (NHB) – Guidelines for ALM System in Housing Finance Companies – Fair Trade Practice Code for HFC’s Housing Finance Agencies.

Consumer Finance: Introduction – Sources – Types of Products – Consumer Finance Practice in India – Mechanics of Consumer Finance – Terms – Pricing – Marketing and Insurance of Consumer Finance – Consumer Credit Scoring.

(5)     Depositories and Pledge:

Depositories: Overview of Depository – Key Features of Depository System in India – Depository – Bank Analogy – Legal Framework – Eligibility Criteria for a Depository – Agreement between Depository and Issuers – Rights and Obligation of Depositories – Records to maintained by Depository – Services of Depository and Functions of Depository –Organisation and Functions of NSDL.

Pledge and Hypothecation: Pledge and Hypothecation – Procedure for Pledge / Hypothecation – Procedure of Confirmation of Creation of Pledge / Hypothecations by Pledgee – Closure of a Pledge / Hypothecation by Pledgor – Invocation of Pledge by Pledgee.