1.

1 : Accounting Conventions and Standards

Objectives:
To expose the students to the role of accounting standards and the process of standard setting.
Module 1:
Accounting standards - meaning and definition- benefits and objectives - need for standards.
Module 2:
Standards setting process- difficulties in standards setting - standards setting bodies - types of
standards - standards setting across different countries. USA, UK, and India.
Module 3:
International accounting standards - analysis of various standards issued till date.
Comparative
study of accounting standards ASB-UK, FASB-USA, ASB-INDIA.
Module 4:
Disclosure of accounting policies- depreciation- inventory- research and development-
deferred
taxation - current cost accounting - post balance sheet events contingencies - leases and hire
purchase - goodwill - mergers and acquisitioins - pension costs - foreign currency translations
- change in financial position.
Books for Reference:
1. Accounting Standards issued by IAS, FASB, ASB.
2. L.S.Porwal , Accounting Theory - An Introduction, TATA McGraw Hill.
3. Jawaharlal, Accounting Theory , Himalaya Publishing House,
Bombay.
4. Ronal Leach and Edward Stamp: British Accounting Standards, Woodhead, Faulkner
Ltd., Cambridge.
5. Accounting Standards issued by ICAI
6. T.P Ghosh, Accounting Standards and Corporate Accounting Practices, Taxman
publications.

1.2. Managing People in Organisations

Objectives:
1. To enable students gain knowledge about concepts, principles and practices relating to
managing people in organisations.
2. To enable the students use the knowledge in managing human resource better.
Module – 1:
Nature of management, principles, functions, evolution of management thought.
Social responsibility and ethics in management. Organisations – role in, organisational
effectiveness, role of people in organisational effectiveness.
Module – 2:
Human resource management – nature, scope.
Human resource planning, employee hiring, training and development, employee
remuneration,
performance appraisal, safety and health, employee relations.
Module – 3:
Understanding people – individual behaviour, foundations of individual behaviour,
personality,
perception, learning, attitudes, values, motivation, work related stress..
Module – 4:
Group dynamics, teams, leadership, power and politics, conflict and resolution, interpersonal
communication.
Module – 5:
Organisational designs, organisational culture and organisational change and development.
Books for Reference:
1. Stoner, Management, Pearson Education.
2. William Wether & Keith Davis, Human Resource and Personnel Management, McGraw
Hill.
3. Don Hellriegal, etal, Organisational Behaviour, South Western
4. Fred Luthans, Organisational Behaviour, McGraw Hill.
5. Stephen P. Robbins, Organisational Behaviour, Pearson Education.
6. Aswathappa. K, Organisational Behaviour, Himalaya Publishing House.
7. Aswathappa K: Human Resource and Personnnel Management, Tata McGraw Hill.

1.3 Micro & Macro Economics for Business Decisions

Objective : The performance of a firm depends an:(1)performance of it managers (2) External
Environment (economics –Social-technical )the former is dealt by MICRO economics
,&latter
by MACRO Economics . We thus need to study both economics .
(A) MICRO ECONOMICS
(1)Demand : Determinates of demand &law of demand . Income effect substitution
effect. Luxury goods & interior goods . Individual demands & market demand.
(2)Production function: Marginal productivity. Variation of output with labour (Law of
Diminishing Returns ).
(3)Cost functions : Fixed cost variable cost, Marginal cost, Total cost, Break even
analysis, Economics of Scale: In production Marketing , Management, Transports
&Storage, Diseconomy’s of Scale.
(4) Price determinations: Perfect competition, Monopoly &oligopoly revenue curves
(Total Average &marginal) Under perfect competition &monopoly. Profit maximization
& price determination under: perfect competition & Monopoly.
(B) Macro Economics
(1)Fiscal Policy: Basic Economics Indices(National Income ,National Production , National
Employment, General prices level ). Aggregate Demand (Consumptions ,Government
Expenditure & Business investment ). Aggregate Supply. Determination of Income (or
production). Taxation & Fiscal policy.
(2) Monetary policy: Types of money Demand of money , Supply of money, Lending by
Banks. Interest rate determination. Monetary policy.
Books for Reference:
 1.4 Managerial Finance
Objectives:
1. To impart knowledge in advanced techniques of financial management
2. To enable the students to apply the techniques in financial decision making.
Module 1:
The finance function: Its Nature and importance, goals of financial management-financial
environment, changing role of financial management Sources of long term finance:
ownership securities, creditor ship securities, convertibles, options & warrants, marketing of
securities and SEBI guidelines, Euro issues.
Module 2:
Financing decisions: measures of leverage, effects of leverage, EBIT- EPS analysis, capital
structure theories, capital structure planning and factors affecting capital structures decisions,
cost of capital, specific cost of capital, overall cost of capital, marginal cost of capital.
Dividend decision- relevance and irrelevance, theories -types of dividend policies,
behavioural models of dividend policy, signalling theory, clientele effects, factors influencing
dividend policy, corporate dividend practices in India.
Module:3:
Investment decision: capital budgeting and its importance in decision making, estimating
cash flows, techniques of investment appraisal - NPV, IRR, problem of multiple IRRs
extended yield, discounted payback, measurement of risk, evaluation of risky projects, multi
period probabilistic analysis-decision tree analysis, sensitivity analysis.
Module 4:
Working capital management, planning, control and policy, management of various
Components of cash receivables and inventory financing of working capital.
Module 5:
Corporate financial policy – Shareholder value creation – Interface of financial policy and
strategic management – Financial goals systems.
Books for Reference :
1. Weston and Brigham, Essentials of Managerial Finance, The Drydon Press.
2. James Vanhorne, Fundamentals of Financial management, Prentice Hall Inc.,
3. John Hampton, Financial Decision Making Concepts, Problems and Cases,
Prentice Hall of India Ltd.
4. Schall and Haley, Financial Management, McGraw Hill, Newyork.
5. Brealy and Myers, Principles of Corporate Finance, McGraw Hill Newyork.
6. Prasanna Chandra, Financial Management Theory & Practice. Tata McGraw Hill.
7. Khan and Jain, Financial Management, Tata McGraw Hill.
8. I.M.Pandey, Financial Management, Vikas Publishing House.
9. S.C.Kuchal, Financial Management, Chaitanya Publishers, Allahabad.
10. Chakraborthy & others, Financial Management & Control, Mc Millan india Ltd.,
 1.5 Quantitative Techniques for Accounting and Finance
Objectives:
1. To impart knowledge in concepts and tools of OR and QT
2. To make students apply these in managerial decision making.
Module – 1
Geometric progression, mathematics of finance, Linear programming, problem formulation,
graphical method and simplex method of solution, product mix problems, other managerial
applications.
Module – 2
Probability- basic rules, random variables, probability distributions, expected value, variance,
Normal distribution, risk analysis in capital – budgeting.
Module – 3
Network analysis, PERT,CPM-drawing the network activity times, event times, critical path,
total and free slack-cost time trade off and crashing
Inventory models, EOQ model, sensitivity analysis, model with one price break, inventory
control systems in practice.
Module – 4
Decision making under uncertainty, different decision criteria, decision trees. Simulation,
model
building, the process, problems with special reference inventory and financial management.
Books for Reference:
1. Srivastava V. K. etal – Quantitative Techniques for Managerial Decision Making, Wiley
Eastern Ltd
2. Richard, I.Levin and Charles A.Kirkpatrick – Quantitative Approaches to Management,
McGraw Hill, Kogakusha Ltd
3. Budnik, Frank S Dennis Mcleavey, Richard Mojena – Principles of Operation Research
- AIT BS New Delhi.
4. Sharma J K – Operation Research- theory and applications-Mc Millan,New Delhi
5. Kalavathy S. – Operation Research – Vikas Pub Co
6. Gould F J – Introduction to Management Science – Englewood Cliffs N J Prentice Hall.
7. Naray J K, Operation Research, theory and applications – Mc Millan, New Dehi.
8. Taha Hamdy, Operations Research, Prentice Hall of India.
9. Wagner H.M, Principles of Operations Research, Prentice Hall of India.
 1.6 Financial Markets and Services
Objectives:
1. To make the student familiarize with the Financial services and markets in the Indian
financial system.
2. To provide an understanding of working of financial markets.
Module – 1:
Nature and role of financial system, structure of financial system, equilibrium in financial
markets, financial system and economic development, financial intermediation, role and
patterns.
Module – 2:
Introduction to financial markets, call money market, treasury bill market, market for
commercial paper and certification of deposit, government securities market, discount
market,
discount and finance house of India its role and functions. Industrial secrurities market, stock
market, OTCEI, NSE, NIFTY, NASDAQ, Markets for futures, options and other derivatives.
Module – 3:
Financial Services: Leasing, Factoring, Credit rating, Hire purchase, Consumer durables
financing, Merchant banking agencies, underwriting, Funds transfer, Acceptance, Stock
holding,
Loan syndication, Custodial service, Depository services, Venture capital finance.
Module – 4:
Regulatory framework for financial markets and institutions, regulation v/s deregulation, role
of
reserve bank of India, and its bank rate and open market operations policies, Interest rate
structure, various theories, interest rate of India, SEBI.
Module – 5:
Role of Banks in Financial System: Functions of Commercial Banks- Definition of Banking,
functions of banking (Primary & Secondary) – Products – Deposits & Advances – Financial
Sectro reforms – 1991, 2004 – Income recognition, Asset classification & Provisioning norms
(IRAC Norms) – Capital adequacy norms (Basel I,II& III)- Banks exposure norms – Rating
of Banks – Camels Rating.
Books for Reference:
1. L.M. Bhole: Financial Institutions & Markets, Tata McGraw Hill, New Delhi.
2. Edminister. R.O: Financial Institutions, Markets & Management, McGraw Hill, New
York, 1986.
3. Karkal G.C: Unorganised money markets in India, Lalwani, Bombay.
4. Khan. M.Y. Indian Financial System, Vikas
5. H.R Machiraju: Indian Financial System, Vikas Pub. House.
6. E.Gorden & K. Nataraj, Financial Markets and Services, Himalaya Publishing house.
7. ICWA, Financial Services, ICAI, Publication.
8. G.S. Patel, Capital Market, Functioning and Trends, ICFAI Publication.
9. J.N. Dhonkar, A Treatise an Merchant Banking, Skylark Pub. Delhi.
10. Vindo Kothari, Leasing, Hirepurchase and Consumer Credit, Wadhwa and Company.
11. SEBI Guidelines issued from time to time.
12. K. Sriram, Handbook of Leasing, Hire Purchasing and Factor, ICFAI Publications.
13. Gledstone, Venture Capital Investing, NY, Prentice Hall.
14. Smith P.F., Money and Financial Intermediation, The Theory and Structure of Financial
Systems, Prentice Hall, New Jersey.
 1.7 Business Legal Systems
Objectives:
1. To familiarize the students with the legal environment that is influencing business
functioning.
2. To enable the students acquire proper perspective about legal environment for better
decision making.
Module - 1:
Meaning of law, Classification of legal rules, scope of legal system, directives and problems
of
legal system.
The constitution of India with special reference to economic principles enshrined in the
constitution – decisions by the supreme court.
Module – 2:
Corporate Laws: Industries (Dev and Reg) Act 1951 and Industrial Licensing, Objectives,
important provisions, amendments. Infringement, threats and libel
MRTP Act: MRTP commission, jurisdiction, power of the commission, control of
monopolistic
trade practices, control of restrictive trade practices, evaluation of public interest.
The Consumer Protection Act – features, issues and court decisions.
Module – 3:
Laws relating to Finance: the Securities and Exchange Board of India (SEBI), need for SEBI,
establishment and legal status of SEBI, functions and power of SEBI, power confirmed by
the
act to SEBI.
FEMA – Salient features, directions, major provisions.
Module – 4:
Intangible aspects of property.
The intellectual property Acts in India – Copyright, Trade mark, patents etc., Information
Technology Act 2000. International Intellectual Property Organisations – treaties and
International Transfer of Intellectual Properties. GATT/WTO and GATS, TRIMS, TRIPS,
UR
Round. Adjudicating authority and their enforcement.
Module – 5:
Environmental Laws – Water Act 1974, Air Act 1981, The Environmental Protection Act
1986.
Books for Reference:
1. Bakshi. P.M., The Constitution of India.
2. Gopalakrishnan K.C., Legal Economics – International Dimensions of Economics and
Law, Eastern Book Company, Lucknow.
3. Bakshi. P.M., The Environment Protection Act 1986.
4. Nayak. K.K., Consumer Protection Law in India – An Eco Legal Treatise on Consumer
Justice.
5. Bakshi. P.M, Environmental Law – procedural options, Intellectual Property India
Trends.
6. Bakshi. P.M, The Air (Prevention and Control of Pollution Act 1981).
7. Bakshi. P.M, The Water Prevention and Control of Pollution Act 1974.
8. Ray August, International Business Law, Prentice Hall, New Jersey.
9. Miller and Jeutz, Business law To-day, West Publishing Company, St. Paul MN, U.S.A.
10. Chowdhury. B.K., Economic Legislations, Sultanchand and Sons, New Delhi.