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Paper-I |
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Capital Budgeting |
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| 1 |
Capital
Budgeting: |
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An
Introduction,
Types
of
Investment
Decisions,
Objectives
of
Capital
Budgeting,
Estimating
Project
Characteristic,
Cost
of
Capital. |
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| 2 |
Methods
of
Capital
Budgeting:
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Payback
method,
Average
Return
on
Average
Investment,
Net
Present
Value,
Internal
Rate
of
Return,
Capital
Rationing,
Reinvestment
Rate
Assumptions
of
NPV
and
IRR
&
Conflicting
Ranking,
Multiple
Internal
Rate
of
Return,
Inflation
&
Capital
Budgeting. |
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| 3 |
Risk
Analysis:
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Risk,
Return
&
Opportunity
Cost
of
Capital,
Single
Project
Analysis
Under
Risk. |
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| 4 |
A
Project
Is
Not
A
Black
Box: |
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Simulation,
Sensitivity
Analysis
&
Decision
Free
Analysis,
CAPM
Model,
Arbitrage
Pricing
Theory,
Comparison
Between
CAPM
&
APT. |
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| 5 |
Special
Cases
of
CB: |
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Leasing,
Leveraged
Leases,
Alternative
Investment
Measures,
Project
Abandonment
Analysis,
Multiple
Project
Capital
Budgeting. |
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Paper-II |
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Investment & Portfolio
Management |
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| 1 |
Investment
management: |
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Objective,
media
of
investment,
philosophy
of
individual
&
institutional
investors. |
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| 2 |
Fundamental
analysis: |
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Concept
&
significance
of
economic
analysis
industry
analysis:
introduction,
need
for
industry
analysis,
alternative
classification
of
industry,
industry
life
cycle
analysis,
economic
factors
&
industry
analysis,
SWOT
analysis
for
industries.
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| 3 |
Company
analysis |
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Nature
and
style
of
management,
key
role
of
financial
analysis,
ratio
analysis.
Technical
analysis-different
techniques
of
analysis,
DOW
theory,
volume
indicators,
market
sentiment
indicators,
confidence
indicators,
points
&
charting,
bar
charting
Efficient
market
theory
random
walk:
weak
form,
semi-strong
form
of
market.
Empirical
tests.
Comparison
of
random
walk,
technical
&
fundamental
analysis
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| 4 |
Portfolio
analysis
selection: |
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portfolio
theory,
return
portfolio
risk,
efficient
set
of
portfolios,
optimum
portfolio,
capital
asset
pricing
theory
(CAPM),
capital
market
line,
security
market
line,
corporate
portfolio
management
in
India,
portfolio
revision
techniques,
constant
value
&
constant
ratio
plan,
formula
plan,
dollar
cost
averaging. |
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| 5 |
Options & futures: |
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Concept
of
derivatives,
evolution
of
the
present
situation
of
option
trading
in
India,
option
trading,
option
contracts,
settlement,
pricing
of
option
futures,
concept
of
futures,
characteristics
of
future
contract,
its
types,
difference
between
future,
options,
forwards
&
badla
contracts. |
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Paper-III |
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International
Finance |
|
| 1 |
International
Finance: |
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Concept
&
role
of
international
finance
manager
in
multinational
corporations. |
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| 2 |
International
finance
environment: |
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International
transactions
&
financial
market,
trade
&
capital
flow,
inflation,
exchange
control
&
currency
devaluation,
ex-proprietary
action
etc.
Different
types
of
risks:
country
risk
analysis
Foreign
direct
investment
&
foreign
institutional
investment
foreign
collaboration
trends
since
liberalization,
Financial
operations
of
multinational
corporations:
sources
&
investment;
short
medium
&
long
term
national
currency
financing
foreign
currency
financing,
regional
&
national
development
finance,
private
investment
companies,
Multilateral
financial
instruments,
private
non-bank
sources
of
finance.
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| 3 |
Financial
innovation & risk
sharing: |
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introduction,
future
markets
in
growing
world,
financial
future
trading,
role
of
financial
futures,
swap
markets,
basics
swap
structure,
interest
rate,
fixed
rates
currency,
currency
coupon,
types. |
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| 4 |
International
stock
exchanges:
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New
York
&
London,
third
world
stock
exchange:
working
and
their
influences,
the
securities
market,
bond
market,
foreign
portfolio
investment. |
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| 5 |
New
development
in
international
finance: |
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country
funds,
ADR,
GDR,
EURO
issues,
ECBs,
their
process
of
issue,
benefits,
limitations
&
specific
guidelines
issued
by
FIPB. |
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Paper-IV |
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Management Control System |
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| 1 |
Management
Control
Systems:
-
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Conceptual
Framework,
Distinguishing
Characteristic,
type
of
Control,
Management
Control
Process,
Goals
Strategies.
Structure
and
Control,
Organization
Behavior
and
Control,
Information
System
as
Support
to
Management
Control.
Cost
Objects,
Costing,
Cost
Accounting,
Cost
Drivers,
Variable
&
Fixed
Costs,
Job-Costing
&
Process
Costing
Systems.
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| 2 |
Tools
for
Management
Control: |
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Budgets,
Performance
Measurement,
Analysis
of
Budget
Variances
for
control
action,
responsibility
Centres:
-
Cost,
Profit,
Revenue
and
Investment. |
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| 3 |
Transfer
Pricing:
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Method
and
Administration
of
Transfer
Pricing,
Multinational
Transfer
Pricing.
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| 4 |
Variations
In
Management
Control:
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Management
Control
System
in
Manufacturing,
Financial
Services,
Non-Profit
Organization
and
Projects. |
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Paper-V |
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Working Capital
Management |
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| 1 |
Working
Capital
Management: |
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Introduction,
concept
of
working
capital;
importance
of
working
capital,
factors
influencing
W.C.
requirement,
operating
cycle
and
cash
cycle,
levels
of
working
capital
investment,
optimal
level
of
W.C
investments.
Overall
W.C.
Policy |
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| 2 |
Planning
of
working |
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Capital
investment-introduction,
need
determinants,
computation
of
working
capital. |
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| 3 |
Financing
and
control: |
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Introduction,
sources
of
finance,
trade
credit,
W.C.
advance
by
commercial
banks,
public
deposits,
ICDs,
short
term
loans
from
FIs,
right
debentures
for
W.C.,
commercial.
Papers
and
influencing
W.C.
&
Banking
policy
(Tandon,
Chore,
Marathe
committee
reports.) |
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| 4 |
Cash
management
system:- |
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Introduction,
motives
for
holding
cash,
factors
determining
the
cash
balance,
the
cash
system
managing
the
cash
flow,
type
of
collection
system.
Cash
concentration
strategies;
disbursement
tools,
investment
in
marketable
securities;
type
of
marketable
securities. |
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| 5 |
Receivable
management: |
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Introduction,
objectives,
costs,
benefits,
credit
policies,
evaluation
of
the
credit
applicant,
credit
terms,
collection
policies
and
forecasting
collection
from
accounts
receivables. |
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| 6 |
Inventory
management- |
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Introduction,
type
of
control
required,
cost
of
holding
inventories,
inventory
control
models,
inventory
control
responsibility,
other
control
devices,
inventory
management
&
evaluation. |
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Paper-VI |
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Management of
Financial
Services |
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| 1 |
Financial
Services:- |
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Meaning,
Type
and
their
importance. |
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| 2 |
Merchant
Banking:- |
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Origin
and
development
of
merchant
banking
in
India
scope,
organisational
aspects
and
importance
of
merchant
bankers
Latest
guidelines
of
SEBI
w.r.t.
Merchant
bankers. |
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| 3 |
Mutual
funds & asset
management: |
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Companies-concept,
origin
and
growth
of
mutual
funds.
Contribution
&
management
of
MF’s,
different
mutual
funds
scheme
in
India,
Safety,
liquidity
and
profitability
of
MF’s
Asset
management
companies.
Advantage
&
disadvantages
in
MF’s
State
of
MF’s
in
India.
Asset
management
companies-incorporation
of
asset
management
companies
&
other
intermediaries
in
securities
market. |
| 4 |
Leasing:- |
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Concept
and
development
of
leasing,
business
difference
between
leasing
&
hire
purchase,
type
of
leasing
business,
advantages
to
lessor
and
lessee. |
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| 5 |
Factoring:- |
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Concept
of
factoring,
development
of
factoring
type
&
importance
procedural
aspects
in
factoring,
financial
aspects,
prospects
of
factoring
in
India. |
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| 6 |
Credit
cards:- |
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Concepts
of
credit
cards,
its
growth
and
development,
operational
procedure,
impact
of
plastic
money
in
India.
Advantage
of
using
credit
cards,
factors
involved
in
the
utilization
of
credit
cards
Introduction
to
debit
cards,
pros
&
cons. |
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| 7 |
Credit
rating:- |
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The
concept
and
objective
of
credit
rating,
various
credit
rating
agencies
in
India,
factors
affecting
credit
rating
&
procedural
aspects. |
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| 8 |
International
credit
rating
agencies:- |
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Venture
capital-concepts
and
characteristics
of
venture
capital,
venture
capital
in
India,
Guidelines
for
venture
capital. |
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| 9 |
Market
Call:-
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Money
market-introduction,
meaning,
participation,
location,
volume
of
call
loans,
call
rate,
recent
developments. |
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| 10 |
Treasury
bill
market:- |
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Introduction,
91
days,
and
182
days
treasury
bill
market.
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| 11 |
Commercial bill market:- |
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Introduction, bills of exchange, size of market, schemes, rates, factors behind under development Market for CPs and CDs-Introduction, interest rate determination, latest entrants in the market Discount market and market for financial guarantees. |
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Paper-VII |
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Management of
Financial
Institutions |
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Paper-VIII |
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Logistics Marketing |
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| 1 |
Introduction: |
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Concept & Significance,
functions, interface with production & marketing. |
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| 2 |
Logistics Functions : |
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Physical distribution, transportation,
inventory control, warehousing, packaging, material
handling, order processing, location analysis. |
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| 3 |
Logistical
Cost : |
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Inventory, warehousing,
production costs, channels, communication, transportation,
material
handling, packaging, customer service. |
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| 4 |
Logistics Information
System : |
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Need, components, design, role of
information in logistics. |
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| 5 |
Transportation Modes: |
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Mode choice, inter –modal transport,
containerization, routing. |
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| 6 |
Logistics Organization |
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| 7 |
International Logistics |
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