Elective – Finance – Vipul Prakashan : Educational Book Publisher

Commodities and Derivatives Market

Admin — Tue, 17 Jun 2025 14:54:31 +0000

SYLLABUS

(1) Introduction to Commodities and Derivatives Market:

Introduction to Commodities Market: Meaning, History and Origin, Types of Commodities Traded, Structure of Commodities Market in India, Participants in Commodities Market, Trading in Commodities in India (Cash and Derivative Segment), Commodity Exchanges in India and Abroad, Reasons for Investing in Commodities.
Introduction to Derivatives Market: Meaning, History and Origin, Elements of a Derivative Contract, Factors Driving Growth of Derivatives Market, Types of Derivatives, Types of Underlying Assets, Participants in Derivatives Market, Advantages and Disadvantages of Trading in Derivatives Market, Current Volumes of Derivative Trade in India, Difference between Forwards and Futures.

(2) Futures and Hedging:

Futures: Futures Contract Specification, Terminologies, Concept of Convergence, Relationship between Futures Price and Expected Spot Price, Basis and Basis Risk, Pricing of Futures Contract, Cost of Carry Model.
Hedging: Speculation and Arbitrage using Futures, Long Hedge – Short Hedge, Cash and Carry Arbitrage, Reverse Cash and Carry Arbitrage, Payoff Charts and Diagrams for Futures Contract, Perfect and Imperfect Hedge.

(3) Options and Option Pricing Models:

Options: Options Contract Specifications, Terminologies, Call Option, Put Option, Difference between Futures and Options, Trading of Options, Valuation of Options Contract, Factors affecting Option Premium, Payoff Charts and Diagrams for Options Contract, Basic Understanding of Option Strategies.
Options Pricing Models: Binomial Option Pricing Model, Black – Scholes Option Pricing Model.

(4) Trading, Clearing and Settlement In Derivatives Market and Types of Risk:

Trading, Clearing and Settlement In Derivatives Market: Meaning and Concept, SEBI Guidelines, Trading Mechanism – Types of Orders, Clearing Mechanism – NSCCL – its Objectives and Functions, Settlement Mechanism – Types of Settlement.
Types of Risk: Value at Risk, Methods of Calculating VaR, Risk Management Measures, Types of Margins, SPAN Margin.

Wealth Management

Admin — Tue, 17 Jun 2025 14:54:31 +0000

SYLLABUS

(1) Introduction:

Introduction To Wealth Management: Meaning of WM, Scope of WM, Components of WM, Process of WM, WM Needs and Expectation of Clients, Code of Ethics for Wealth Manager.
Personal Financial Statement Analysis: Financial Literacy, Financial Goals and Planning, Cash Flow Analysis, Building Financial Plans, Life Cycle Management.
Economic Environment Analysis: Interest Rate, Yield Curves, Real Return, Key Indicators-Leading, Lagging, Concurrent.

(2) Insurance Planning and Investment Planning:

Insurance Planning: Meaning, Basic Principles of Insurance, Functions and Characteristics of Insurance, Rights and Responsibilities of Insurer and Insured, Types of life Insurance Policies, Types of General Insurance Policies, Health Insurance – Mediclaim – Calculation of Human Life Value – Belth Method/CPT.
Investment Planning: Types of Investment Risk, Risk Profiling of Investors and Asset Allocation (Life Cycle Model), Asset Allocation Strategies (Strategic, Tactical, Life-Cycle based), Goal-based Financial Planning, Active and Passive Investment Strategies.

(3) Financial Mathematics / Tax and Estate Planning:

Financial Mathematics: Calculation of Returns (CAGR, Post-tax Returns etc.), Total Assets, Net Worth Calculations, Financial Ratios.
Tax and Estate Planning: Tax Planning Concepts, Assessment Year, Financial Year, Income Tax Slabs, TDS, Advance Tax, LTCG, STCG, Carry Forward and Set-off, Estate Planning Concepts – Types of Will – Requirements of a Valid Will– Trust – Deductions – Exemptions.

(4) Retirement Planning / Income Streams and Tax Savings Schemes:

Retirement Planning: Understanding of different Salary Components, Introduction to Retirement Planning, Purpose and Need, Life Cycle Planning, Financial Objectives in Retirement Planning, Wealth Creation (Factors and Principles), Retirement (Evaluation and Planning), Pre and Post-Retirement Strategies – Tax Treatment.
Income Streams and Tax Savings Schemes: Pension Schemes, Annuities- Types of Annuities, Various Income Tax Savings Schemes.

Financial Accounting

Admin — Tue, 17 Jun 2025 14:54:31 +0000

SYLLABUS

No.	Modules / Units
1	Preparation of Final Accounts of Companies:
	Relevant provisions of Companies Act related to preparation of Final Accounts (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).
2	Underwriting of Shares and Debentures:
	Introduction, Underwriting, Underwriting Commission. Provision of Companies Act with respect to Payment of underwriting commission. Underwriters, Sub-Underwriters, Brokers and Manager to Issues. Types of underwriting, Abatement Clause. Marked, Unmarked and Firm-underwriting applications, Liability of the underwriters in respect of underwriting contract- Practical problems.
3	Accounting of Transactions of Foreign Currency:
	In relation to purchase and sale of goods, services, assets, loan and credit transactions. Computation and treatment of exchange rate differences.
4	Investment Accounting (w.r.t. Accounting Standard – 13):
	For shares (variable income bearing securities). For Debentures/Preference shares (fixed income bearing securities). Accounting for transactions of purchase and sale of investments with ex and cum interest prices and finding cost of investment sold and carrying cost as per weighted average method (Excl. brokerage). Columnar format for investment account.
5	Ethical Behaviour and Implications for Accountants:
	Introduction, Meaning of ethical behavior. Financial Reports – link between law, corporate governance, corporate social responsibility and ethics. Need 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.

Risk Management

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SYLLABUS

(1) Introduction, Risk Measurement and Control:

Introduction, Risk Measurement and Control: Definition, Risk Process, Risk Organization, Key Risks – Interest, Market, Credit, Currency, Liquidity, Legal, Operational. Risk Management V/s Risk Measurement – Managing Risk, Diversification, Investment Strategies and Introduction to Quantitative Risk Measurement and its Limitations. Principles of Risk – Alpha, Beta, R squared, Standard Deviation, Risk Exposure Analysis, Risk Immunization, Risk and Summary Measures –Simulation Method, Duration Analysis, Linear and other Statistical Techniques for Internal Control.

(2) Risk Avoidance and ERM:

Risk Hedging Instruments and Mechanism: Forwards, Futures, Options, Swaps and Arbitrage Techniques, Risk Return Trade off, Markowitz Risk Return Model, Arbitrage Theory, System Audit Significance in Risk Mitigation.
Enterprise Risk Management: Risk Management V/s Enterprise Risk Management, Integrated Enterprise Risk Management, ERM Framework, ERM Process, ERM Matrix, SWOT Analysis, Sample Risk Register.

(3) Risk Governance and Assurance:

Risk Governance: Importance and Scope of Risk Governance, Risk and Three Lines of Defense, Risk Management and Corporate Governance.
Risk Assurance: Purpose and Sources of Risk Assurance, Nature of Risk Assurance, Reports and Challenges of Risk.
Risk and Stakeholders Expectations: Identifying the Range of Stakeholders and Responding to Stakeholders Expectations.

(4) Risk Management in Insurance:

Insurance Industry: Global Perspective, Regulatory Framework in India, IRDA – Reforms, Powers, Functions and Duties. Role and Importance of Actuary.
Players of Insurance Business: Life and Non- Life Insurance, Reinsurance, Bancassurance, Alternative Risk Trance, Insurance Securitization, Pricing of Insurance products, Expected Claim Costs, Risk Classification.
Claim Management: General Guidelines, Life Insurance, Maturity, Death, Fire, Marine, Motor Insurance and Calculation of Discounted Expected Claim Cost and Fair Premium.

Investment Analysis and Portfolio Management

Admin — Tue, 17 Jun 2025 14:54:30 +0000

SYLLABUS

(1) Introduction to Investment Environment:

Introduction to Investment Environment: Introduction, Investment Process, Criteria for Investment, Types of Investors, Investment V/s Speculation V/s Gambling, Investment Avenues, Factors Influencing Selection of Investment Alternatives.
Capital Market in India: Introduction, Concepts of Investment Banks its Role and Functions, Stock Market Index, The NASDAQ, SDL, NSDL, Benefits of Depository Settlement, Online Share Trading and its Advantages, Concepts of Small cap, Large cap, Midcap and Penny stocks.

(2) Risk-Return Relationship:

Meaning, Types of Risk- Systematic and Unsystematic risk, Measurement of Beta, Standard Deviation, Variance, Reduction of Risk through Diversification. Practical Problems on Calculation of Standard Deviation, Variance and Beta.

(3) Portfolio Management and Security Analysis:

Portfolio Management: Meaning and Concept, Portfolio Management Process, Objectives, Basic Principles, Factors affecting Investment Decisions in Portfolio Management, Portfolio Strategy Mix.
Security Analysis: Fundamental Analysis, Economic Analysis, Industry Analysis, Company Analysis, Technical Analysis – Basic Principles of Technical Analysis, Uses of Charts: Line Chart, Bar Chart, Candlestick Chart, Mathematical Indicators: Moving Averages, Oscillators.

(4) Theories, Capital Asset Pricing Model and Portfolio Performance Measurement:

Theories: Dow Jones Theory, Elliott Wave Theory, Efficient Market Theory.
Capital Asset Pricing Model: Assumptions of CAPM, CAPM Equation, Capital Market Line, Security Market Line.
Portfolio Performance Measurement: Meaning of Portfolio Evaluation, Sharpe’s Ratio (Basic Problems), Treynor’s Ratio (Basic Problems), Jensen’s Differential Returns (Basic Problems).

Commodities and Derivatives Market (FS)

Admin — Tue, 17 Jun 2025 14:54:30 +0000

SYLLABUS

(1) Introduction to Commodities and Derivatives Market:

Introduction to Commodities Market: Meaning, History and Origin, Types of Commodities Traded, Structure of Commodities Market in India, Participants in Commodities Market, Trading in Commodities in India (Cash and Derivative Segment), Commodity Exchanges in India and Abroad, Reasons for Investing in Commodities.
Introduction to Derivatives Market: Meaning, History and Origin, Elements of a Derivative Contract, Factors Driving Growth of Derivatives Market, Types of Derivatives, Types of Underlying Assets, Participants in Derivatives Market, Advantages and Disadvantages of Trading in Derivatives Market, Current Volumes of Derivative Trade in India, Difference between Forwards and Futures.

(2) Futures and Hedging:

Futures: Futures Contract Specification, Terminologies, Concept of Convergence, Relationship between Futures Price and Expected Spot Price, Basis and Basis Risk, Pricing of Futures Contract, Cost of Carry Model.
Hedging: Speculation and Arbitrage using Futures, Long Hedge – Short Hedge, Cash and Carry Arbitrage, Reverse Cash and Carry Arbitrage, Payoff Charts and Diagrams for Futures Contract, Perfect and Imperfect Hedge.

(3) Options and Option Pricing Models:

Options: Options Contract Specifications, Terminologies, Call Option, Put Option, Difference between Futures and Options, Trading of Options, Valuation of Options Contract, Factors affecting Option Premium, Payoff Charts and Diagrams for Options Contract, Basic Understanding of Option Strategies.
Options Pricing Models: Binomial Option Pricing Model, Black – Scholes Option Pricing Model.

(4) Trading, Clearing and Settlement In Derivatives Market and Types of Risk:

Trading, Clearing and Settlement In Derivatives Market: Meaning and Concept, SEBI Guidelines, Trading Mechanism – Types of Orders, Clearing Mechanism – NSCCL – its Objectives and Functions, Settlement Mechanism – Types of Settlement.
Types of Risk: Value at Risk, Methods of Calculating VaR, Risk Management Measures, Types of Margins, SPAN Margin.

Direct Tax (A.Y. 2023-24)

Admin — Tue, 17 Jun 2025 14:54:09 +0000

SYLLABUS

Bachelor of Management Studies (BMS)

No.	Modules / Units
1	Definitions and Residential Status:
	Basic Terms (S. 2,3,4) Assessee, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer. Determination of Residential Status of Individual, Scope of Total Income (S.5)
2	Heads of Income – I:
	Salary (S. 15-17) Income from House Property (S. 22-27) Profit and Gain from Business and Profession (S. 28, 30,31,32, 35, 35D,36,37, 40, 40A and 43B)
3	Heads of Income – II:
	Capital Gain (S. 45, 48, 49, 50 and 54) Income from other sources (S.56- 59) Exclusions from Total Income (S.10) (Exclusions related to specified heads to be covered with relevant heads of income)
4	Deductions under Chapter VI A:
	Deductions from Total Income S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA
5	Computation of Taxable Income of Individuals:
	Computation of Total Income and Taxable Income of Individuals.

Bachelor of Accounting and Finance (BAF)

No.	Modules / Units
1	Definitions u/s – 2, Basis of Charge and Exclusions from Total Income:
	Definitions u/s – 2: Section 2: Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer Basis of Charge: Section 3 to 9: Previous Year, Residential Status, Scope Of Total Income, Deemed Income Exclusions from Total Income: Section 10: restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly. Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.
2	Heads of Income:
	Various Heads of Income Salary Income: Section 15 to 17, Including Section 10 relating to House Rent Allowance, Travel Concession, Special Allowance, Gratuity, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund Income From House Property: Section 22 to 27, Including Section 2 – Annual Value Profits & Gains From Business & Profession: Vocation Section 28 to 32, 36, 37, 40, 40A, 43B, 44AD, 44ADA & 44AE including.: Section 2: Business Capital Gains: Section 45, 48, 49, 50, 54 and 55 Income from Other Sources: Section 56 – 59
3	Deductions under Chapter VI – A:
	80 A: Restriction on claim in Chapter VI- A deductions 80 C: Payment of LIC/PF and other eligible investments 80CCC: Contribution to certain Pension Fund 80D: Medical Insurance Premium 80DD: Maintenance and medical treatment of handicapped dependent 80E: Interest on Educational Loan 80TTA: Interest on Saving Bank account 80U: Deduction in the case of totally blind or physically handicapped or mentally retarded resident person
4	Computation of Total Income:
	Computation of Total Income of Individual and HUF with respect to above heads and deductions.

Bachelor of Banking and Insurance (BBI)

No.	Modules / Units
1	Definitions and Residential Status:
	(A) Basic Terms (S. 2,3,4) Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer. (B) Determination of Residential Status of Individual, Scope of Total Income (S. 5)
2	Heads of Income – I:
	(A) Salary (S. 15-17) (B) Income from House Property (S. 22-27) (C) Profit & Gain from Business and Profession (S. 28, 30,31,32, 35, 35D, 36, 37, 40, 40A and 43B)
3	Heads of Income – II:
	(A) Capital Gain (S. 45, 48, 49, 50 and 54) (B) Income from other sources (S.56- 59) (C) Exclusions from Total Income (S.10) (Exclusions related to specified heads to be covered with relevant heads of income)
4	Computation of Total Income & Taxable Income:
	(A) Deductions from Total Income: S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA. (B) Computation of Taxable Income of Individuals.

Bachelor of Financial Markets (BFM)

No.	Modules/ Units
1	Definitions and Residential Status:
	Basic Terms: (Sec. 2,3,4) Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer. Determination of Residential Status of Individual, Scope of Total Income (Sec 5) Exclusions from total income Sec 10 (Exclusions relating to specific heads to be covered with relevant heads of income)
2	Heads of Income – I:
	Salary: (Sec. 15-17) Income from House Property: (Sec. 22-27) Profit and Gain from Business and Profession: (Sec. 28, 30,31,32, 35, 35D, 36,37, 40, 40A and 43B) Capital Gain: (Sec. 45, 48, 49, 50 and 54) Income from other sources: (Sec. 56- 59)
3	Deduction under Chapter VI – A:
	Deductions from Total Income S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA
4	Computation of Taxable Income of Individuals:
	Computation of Total Income and Taxable Income of Individuals

Bachelor of Investment Management (BIM)

No.	Modules / Units
1	Definitions and Residential Status:
	(C) Basic Terms (S. 2,3,4) Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer. (D) Determination of Residential Status of Individual, Scope of Total Income (S. 5)
2	Heads of Income – I:
	(D) Salary (S. 15-17) (E) Income from House Property (S. 22-27) (F) Profit & Gain from Business and Profession (S. 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A and 43B)
3	Heads of Income – II:
	(D) Capital Gain (S. 45, 48, 49, 50 and 54) (E) Income from other sources (S. 56- 59) (F) Exclusions from Total Income (S. 10) (Exclusions related to specified heads to be covered with relevant heads of income)
4	Computation of Total Income and Taxable Income of an Individual:
	(C) Deductions from Total Income: S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA. (D) Computation of Taxable Income.

Bachelor of Financial Management (BFinM)

No.	Modules/Units
1	Definitions u/s – 2 & Basis of Charge:
	Definitions u/s – 2: Section 2 –Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer Basis of Charge: Section 3- 9 -Previous Year, Residential Status, Scope Of Total Income, Deemed Income
2	Exclusions from Total Income:
	Section 10 – restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly. Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.
3	Heads of Income:
	Salary: Section 15 – 17, Including Section 10 relating to House Rent Allowance, Travel Concession, Special Allowance, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund Income From House Property Section 22 – 27, Including Section 2 – Annual Value Profits & Gains From Business & Profession Vocation Section 28-32, 36, 37, 40, 40A & 43B. including.: Section 2 – Business Capital Gains Section 45, 48, 49, 50, 54 and 55 Income from Other Sources Section 56 – 59
4	Deductions under Chapter VI – A:
	80 A- Restriction on claim in Chapter VI- A deductions 80 C – Payment of LIC/PF and other eligible investments 80CCC – Contribution to certain Pension Fund 80D – Medical Insurance Premium 80 DD- Maintenance and medical treatment of handicapped dependent 80E – Interest on Educational Loan 80 TTA- Interest on Saving Bank account 80U – Deduction in the case of totally blind or physically handicapped or mentally retarded resident person
5	Computation of Total Income:
	Computation of Total Income Of Individual & HUF

Third Year Bachelor of Commerce (TYBCom)

Sr. No.	Modules / Units
1	Basic Terms
	Assessee, Assessment, Assessment Year, Annual value, Business, Capital Assets, Income, Person, Previous Year, Transfer
2	Scope of Total Income & Residential Status
	Scope of Total Income (S: 5) Residential Status (S: 6) for Individual assessee
3	Heads of Income (S: 14)
	¨ Salary (S: 15 to 17) ¨ Income from House Properties (S: 22 to 27) ¨ Profit and Gain From Business (S:28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A 43B. ¨ Capital Gains (S: 45, 48, 49, 50, 54, 54 EC) restricted to computation of Capital gain on transfer of residential house property only ¨ Income from Other Sources (S: 56 to S: 59) Exclusions From Total Income (S: 10) Exclusion related to specified heads to be covered with relevant head.eg. Salary, Business Income, Capital Gain, Income from Other Sources
4	Deduction from Total Income
	S 80 A, S 80C, 80CCC, 80D, 80DD, 80E, 80 U, 80 TTA
5	Computation of Total Income for Individual