BBS - IV - Course Draft
BBS - IV - Course Draft
Website: www.facultymanagement.fwu.edu.np
Email: dean.management@fwu.edu.np
2022
1
Far western University
Faculty of Management
Course Cycle of BBS Program
(From 2021 and onward)
Year: First Semester I Credits
MGT 111 Principles of Management 3
MGT 113 Business English I 3
MGT 115 Financial Accounting I 3
MGT 117 Business Economics I 3
MGT 119 Business Statistics I 3
Year: First Semester II
MGT 121 Business English II 3
MGT 123 Financial Accounting II 3
MGT 125 Business Economics II 3
MGT 127 Human Resource Management 3
MGT 129 Business Statistics II 3
Year: Second Semester III
MGT 231 Principles of Marketing 3
MGT 233 Sociology 3
MGT 235 Fundamentals of Financial Management I 3
MGT 237 Cost and Management Accounting I 3
MGT 239 Business Law 3
Year: Second Semester IV
MGT 241 Management Information System 3
MGT 243 Psychology 3
MGT 245 Fundamentals of Financial Management II 3
MGT 247 Cost and Management Accounting II 3
MGT 249 Entrepreneurship and Small Business 3
Year: Third Semester V
MGT 351 Organizational Behaviour 3
MGT 353 Quantitative Techniques 3
MGT 355 Production and Operations Management 3
MGT 357 Nepalese Studies and Civil Education 3
MGT 359 Banking and Insurance 3
Year: Third Semester VI
MGT 361 Business Ethics and Corporate Social Responsibility 3
MGT 363 Contemporary Issues in Business Environment 3
MGT 365 Principles and Practices of Income Tax 3
MGT 367 Business Research Method 3
Elective I 3
Year: Fourth Semester VII
MGT 471 Tourism and Hospitality Management 3
MGT 473 Project Management 3
Elective II 3
Concentration I 3
Concentration II 3
Year: Fourth Semester VIII
MGT 481 Management of Cooperatives and Micro Credit Organizations 3
MGT 483 Business Policy and Strategic Management 3
MGT 485 International Business 3
Concentration III 3
MGT 489 Project Work 3
Course Description
This course provides students the opportunity to understand the fundamentals of financial management and
their application in key financial decisions. The course begins with an overview of financial management,
thereafter, it covers different aspects of financial planning and forecasting, long-term financing decisions,
long-term investment decisions and working capital management including current assets and current
liabilities monument. Finally, this course deals with different aspects of dividend policy.
Course Objectives
The objective of the course is to provide the students with an understanding of the fundamental concepts
and principles of financial management and impart skills for applying those concepts and principles in
making real financial decisions of a firm.
Learning Outcomes
By the end of this course, students should be able to:
• Define the concept and need of financial management and describe the key finance functions.
• Understand the concept and procedures of financial planning and forecasting.
• Describe capital structure and leverage and the tradeoffs associated with changing capital structure.
• Determine the initial cash flow, periodic cash flows and terminal cash flows associated with an
investment project for making long-term investment decisions.
• Understand working policies and the related tradeoff between profitability and risk.
• Understand the management of receipts and disbursements, including float, speeding up collections,
slowing down payments and cash concentration and investing in marketable securities.
• Discuss the concept and techniques of inventory management.
• Explain and analyze the different elements of credit policy variables.
• Describe how firms distribute earnings to investors in various forms.
Course Contents
Unit 1: Introduction to Financial Management LH 4
1.1 An overview of financial management
1.2 The general organization of the finance functions
1.3 Financial managers' key decisions: investment, financing and dividend decisions
1.4 Relationship of financial management with other disciplines
1.5 Agency conflicts (shareholders versus managers and shareholders versus creditors)
1.6 Corporate governance: concept and significance
Unit 2: Financial Planning and Forecasting LH 8
2.1 Overview of financial planning: strategic plans, operating plans, financial plans
2.2 Sales forecasts
2.3 Methods of financial forecasting: percent of sales method, the AFN equation, Percentage
of external funds required (PEFR)
2.4 Excess capacity adjustment
2.5 financial forecasting by using the linear regression method
Unit 3: Long-Term Financing Decisions LH 8
3.1 Concept and sources of long-term financing
3.2 Concept of capital structure and financial structure
3.3 Determining the optimal capital structure
3.4 Effect of capital structure on WACC, EPS and stock price
3.5 EBIT-EPS analysis and effect of financial leverage
Far Western University, Faculty of Management 3
3.6 EPS indifference analysis
3.7 Factors affecting capital structure decision
3.8 Business risk and financial risk
3.9 Leverage: operating, financial and combined leverage
3.10 Breakeven analysis: operating, cash and financial breakeven
Unit 4: Long Term Investment Decisions LH 7
4.1 Concept, features and procedures of long-term investment decisions
4.2 Concept of incremental cashflow, sunk cost and opportunity cost
4.3 Determination of initial cashflows, periodic cashflows and terminal cashflows of new
project, replacement project and project under expansion
4.4 Application of NPV and IRR criteria for long term investment decision
Unit 5: Working Capital and Current Assets Management LH 12
5.1 Working capital management and policy: concept of working capital management,
determinants of working capital, working capital financing and investment policies,
working capital cash flow cycle and strategies for managing the cash conversion cycle
5.2 Cash management: concept and significance of cash management, motives of holding cash,
advantages of holding adequate cash, managing cash collections and disbursement, cash
management models
5.3 Receivable management: objectives of receivable management, components of credit
policy, cost of maintaining receivables, monitoring receivables – DSO, aging schedule
5.4 Inventory management: motives of holding inventory, objectives of inventory
management, inventory management techniques - EOQ, Re-order level
5.5 Current liabilities management: sources of short-term financing, cost of trade credit and
bank loan (simple, discount and add-on)
Unit 6: Dividend Decisions LH 6
6.1 Concept of dividend and dividend policy
6.2 Cash dividend payment procedures
6.3 Types of dividend policies
6.4 Other Forms of dividends and Earning Payout: stock dividend, stock split, reverse stock
split and repurchase stock
6.5 Factors influencing dividend decision
6.6 Recent practices of dividend distribution in Nepal
Basic Text Books:
Brigham, E.F., & Houston, J.F. (2012). Fundamentals of financial management, Concise. 7th ed. Mason,
OH: Harcourt College Publisher.
Paudel, Rajan, B., Baral, Keshar, J., Joshi, Padam, R., Gautam, Rishi, R., Rana, Surya, B. (2016).
Fundamentals of Corporate Finance. Kathmandu: Asmita Publications.
Reference Books:
Brigham, E. F., & Ehrhardt, M. C. (2017). Financial management: Theory and practice (15 ed.).
Australia; Boston, MA: Cengage Learning.
Damodaran, A. (2006). Applied corporate finance 2nd ed. New York, NY: John Wiley & Sons, Inc.
Gitman, L. J. (2004). Principles of managerial finance. Delhi: Pearson Education.
Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2011). Essentials of corporate finance (7thed). New
Delhi: PHI Learning.
Van Horne, J. C., & Wachowicz, J. R. (2009). Fundamentals of Financial Management, (13thed). New
Delhi: PHI Learning.
Zutter, Chad J. & Scott B. Smart (2022). Principles of Managerial Finance. 16th ed. England: Pearson.
•
Far Western University, Faculty of Management 4
Far Western University
Faculty of Management
Syllabus
Course Title: Psychology Course Code: MGT 243
Year: Second Level: Undergraduate
Semester: IV Program: BBS
Credits hours: 3 Lecture hours: 45
Course Description
This course surveys basic psychology concepts, theories, and processes. It addresses the core psychological
process as well as their importance in the individual and social setting.
Course Objectives
This course aims to familiarize students with the basic concept of human psychology and processes to
understand the human mind and behavior in relation to self and others. Specifically, it provides a basic
understanding of psychology as a science of human behaviour. It familiarizes the student with various
schools of psychology. It helps to acquire knowledge of different psychological processes and their effect
on human cognition and behavior. Finally, it develops an understanding of how human behavior can be
understood, shaped, and applied at individual and group/social levels.
Learning Outcomes
At the completion of this course, students should be able to:
• Use psychological knowledge to describe and explain human behavior in personal and social
settings;
• Develop an understanding of the basic concepts and the core process related to human psychology;
• Assess the role played by psychology in the analysis and solution of organizational problems.
• Develop an understanding on the major theories that explain human behavior and cognitive process;
• Nurture the students to familiarize themselves to the application of modern psychology individual
and social life.
• Enable the students to develop ideas about how human psychology works and enable them to apply
these ideas into their overall business and organizational management skills.
• Apply human psychology in understanding and explaining individual and social levels of behavior
in relation to business decision-making.
Course Contents
Unit I: Introduction to Human Psychology LH 5
1.1 Definition of human psychology
1.2 Approaches (schools) of human psychology: structuralism, functionalism, psychodynamic,
Behaviorism, cognitive and socio-cultural
1.3 Psychology as an applied Science
1.4 Psychological research
1.5 Various disciplines of psychology.
Unit II: Sensation, Perception and Social Behaviour LH 9
2.1 Sensation: Meaning, importance, sensory threshold, habituation and adaptation; Types of sensory
experiences, structure and functions of Visual and auditory sensation.
2.2 Perception, Social Thought and Behavior: Concepts, factors influencing perception; Perceptual
organization; Constancies and Illusions;
2.3 Person perception: Concept, Kelly’s attribution theory, Impression Formation and biases
2.4 Social behavior: Persuasion, attitudes, prejudices and techniques to reduce it, prosocial behavior
2.5 Social influences: conformity, compliance and obedience (Milgram’s experiment)
2.6 Application of perception concepts in Management.
Reference Books:
Zimbardo, P. G., Johnson, R. L., & McCann, V. (2012). Psychology: Core concepts 7th Edition. USA:
Pearson Education.
Passer, M. W., & Smith, R. E. (2007). Psychology: The Science of Mind and Behavior, 4th Edition. New
York: Mc Graw Hill.
Niraula, S. (2011). General Psychology 1st Edition. Buddha Academic Publishers and Distributors.
•
Course Description
This course comprises the conceptual foundation of cost and management accounting. It will acquaint
students with various concepts of operating costing, process costing, standard costing, and costing for joint
and by-products This course comprises profit planning and controlling; and cost reduction and control parts
of cost and management accounting.
Course Objective
The course aims to provide the students with an understanding of cost and management accounting together
with applying the management accounting tools and techniques in order to arrange and classify cost
information required for developing the student’s capacity to prepare and analyze the cost report from the
managerial perspective from a practical aspect.
Learning Outcomes
By the end of this course, students should be able to:
• Understand the cost and management accounting concept and its significance in the business.
• Apply different methods of costing in manufacturing and service industries.
• Prepare process accounts allocating joint cost and accounting for by product.
• Understand concept of budgeting and prepare master budget.
• Understand standard cost concept and comments on the standard cost variations.
Course Content
Unit I: Operating Costing LH 6
1.1 Concept, definition, features, objectives, scope and limitations of operating costing
1.2 Differences between operating cost and operation costing
1.3 Preparation of cost sheet of transport service, hotel & restaurant service, and hospital &
nursing home service.
Unit II: Process Costing LH 10
2.1 Meaning, objectives, characteristics, limitation and application of process costing
2.2 Comparison between job costing and process costing
2.3 Preparation of process account with and without opening and closing work-in progress
inventory: total and partial transfer to next process, accounting of process loss (normal loss,
abnormal loss and abnormal gain) and treatment of spoilage, wastage, scrap and defective
unit.
2.4 Preparation of process account for inter process profit: calculation of unrealized and actual
realized profit by statement, value of closing stock to be transferred to balance sheet.
Unit III: Joint and by Product Costing LH 4
3.1 Concept, advantages and disadvantages of joint and by product costing
3.2 Difference between main and by-product
3.4 Method of allocating joint cost: average unit, physical unit, survey, contribution margin ratio,
and market value.
3.5 Accounting for by-products.
Unit IV: Standard Costing and Variance Analysis LH 8
4.1 Concept and purpose of standard cost, preliminaries to establish standard; concept,
application and limitation of standard costing.
4.1 Difference between standard costing and budgetary control.
4.3 Material variance: concept calculation of cost, price, uses, mix and yield variance
4.4 Labour variance: concept calculation of cost, rate, efficiency, mix and yield variance
Far Western University, Faculty of Management 7
4.5 Overhead variance: concept and calculation of capacity, efficiency spending and budgeted
variance.
Unit V: Budgeting for Planning LH 10
5.1 Concept of budget and budgeting
5.2 Function, importance, objectives, limitation of budgeting
5.3 Stage of budgeting process
5.4 Preparation of Sales budget, production budget, material consumption budget, purchase
budget, labour budget, overhead budget and cash budget.
Unit VI: Flexible Budgeting LH 4
6.1 Concept and importance of flexible budget
6.2 Limitations of static budget
6.3 Planning of variable and fixed overhead cost
6.4 Need of flexible budget for managerial decisions
6.5 Preparation of flexible budget
Unit VII: Cost Reduction and Cost Audit LH 3
7.1 Meaning, importance techniques and limitation of cost reduction and cost control
7.2 Distinction between cost control and cost reduction
7.3 Cost audit: meaning objectives, and advantages
Basic Text Books:
Arora, M.N. (2021). Cost and Management Accounting (11th ed.). Noida: Vikash Publishing House.
Garrison, R., Noreen, E. & Brewer, P. (2021). Managerial accounting (17th ed.). New York: McGraw-
Hill.
Reference Books:
Lal, J., Srivastav S. & Singh M. (2019). Cost Accounting (6th ed.). New Delhi: Tata McGraw-Hill.
Bhimani, A., Horngren, T. C., Datar, S. & Foster, G. (2008) Management and Cost Accounting. (4th ed.).
Prentice Hall.
Hanif, M. (2018). Cost and Managerial Accounting. McGraw-Hill Education, Pvt. Ltd.
Narang, K. L & Jain, S.P. (2007). Cost Accounting Theory and Practice. New Delhi: Kalyani Publishers
Reddy, T.S. & Reddy, H.P. (2013). Cost Accounting and Management Accounting. Chennai: Margham
Publications.
•
Course Description
The course contains an overview of entrepreneurship, creativity, innovation and social entrepreneurship,
legal issues and environment for entrepreneurship development, new venture identification and selection,
preparation of business plan with the business model, and growth strategy for entrepreneurship
development.
Course Objective
The purpose of the course is to prepare students for the possibility of starting their own entrepreneurial
ventures. This course also delineates students on various aspects of social enterprises. The course
emphasizes on improving the skills of the students to identify venture opportunities and prepare a business
plan.
Learning Outcomes
After completing the course, the student shall be able to:
• Understand the entrepreneurship concept as a whole and the general economic benefits of
entrepreneurship.
• Explain the importance of business ideas and entrepreneurship policies
• Enhance the ability to engage in critical thinking by analyzing situations and constructing and
selecting viable solutions to solve problems.
• Understand the concept of creativity, innovation and intrapreneurship
• Explain and develop the business plan and market plan
• Understand the growth strategies and implications of growth in entrepreneurship firm
• Understanding the exit strategy
Course Contents
Unit I: Introduction to Entrepreneurship LH 6
1.1 Entrepreneurship: concept, features and role of entrepreneurship in economic development
1.2 Entrepreneur: concept, character traits and types of entrepreneurs
1.3 Entrepreneurial motivation, entrepreneurial process and entrepreneurial decision making
1.4 Entrepreneurial intention
Unit II: Creativity, Innovation and Business Idea LH 6
2.1 Creativity: concept and process of creativity, creativity and entrepreneurship
2.2 Innovation: concept of innovation, types of innovation, difference between creativity and
innovation, entrepreneurial innovation
2.3 New venture creation process: ideas from trend analysis, other sources of new venture ideas,
methods of generating ideas and solving problems
Unit III: Small Business and Corporate Entrepreneurship LH 6
3.1 Concept and types of small business
3.2 Opportunity and importance of small business in the economy
3.3 Failures reasons for small business and suggestions for overcoming the failures of small
business
3.4 Concept of corporate entrepreneurship and establishment of corporate entrepreneurship in
the organization,
3.5 Difference between employee and corporate entrepreneur
3.6 Difference between small business person and entrepreneur
3.7 Corporate entrepreneurship, difference between corporate entrepreneur and entrepreneur
Reference Books:
Barringer B.R. and Ireland R.D., 2006. Entrepreneurship: Successfully Launching New Ventures.
Pearson: New Jersey.
Baumol, W.J., 2004. Entrepreneurial Enterprises, Large Established Firms and other components of the
Free-Market Growth Machine. Small Business Economics: New York.
•
Course Description
This course describes the fundamental principles of computer-based information systems associated with
the strategic adoption, implementation, use and evaluation of information systems in organizations. It
discusses the significant managerial aspects of treating information as an organizational resource and its
increasing impact on today’s organization. Topics to be covered include the basic concept of information
systems, application areas of computers system, data processing and management, information systems
development life cycle, network and telecommunication, database management, e-business systems, e-
commerce systems and security and ethical challenges in the information system.
Course Objectives
The purpose of this course is to introduce students the fundamental principles of computer-based
information systems and develop an understanding of the techniques used in information system. This
course will enable students to use information system based on the internet-based technology such as e-
commerce, e-business, telecommunication, data resource management and cyber security.
Learning Outcomes
Upon completion of this course, students will be able to:
• Understand the processes of developing and implementing information systems
• Analyze the processes, techniques and issues associated with organizational information systems
• Assess and explain global issues surrounding the adoption of information technology
• Explain basic concepts about information systems development and implementation
• Explain how companies can leverage information technology for competitive advantage
• Outline the role of the ethical, and security issues of information systems.
Course Contents
Unit 1: Introduction of Computer System LH 8
1.1 Basic Concept: Definition of Computer, Characteristics, Advantages and Drawbacks of
Computers, Application Areas of Computers
1.2 History of Computers: Evolution and Generations of Computers
1.3 Anatomy of Computers: Computer System Concepts and Major Components (Processor,
Memory, Input/output, Secondary Storage) with brief overview
1.4 Types of Computers: On the basis of Work, On the basis of Size, On the basis of Brand and
model.
1.5 Memory (Primary Storage, Secondary Storage, Cache), CPU- Central Processing Unit,
1.6 Hardware (Input Devices, Output Devices).
1.7 Software and its Classification. System Software: Definition and Examples, Operating
System, Functions of Operating Systems, Language Translators (Compilers, Interpreters,
Assemblers), Programming Languages and it’s Generations
Unit II: Foundation of Information System LH 7
2.1 Data, Data processing, Information, Information System, Characteristics of Information
System, Need of Information Systems in Business, Fundamental Resources of Information
System, Potential Risks of Information System.
2.2 Types of Information System (TPS, MIS, DSS, ERP, CRM) Definition, Objectives of MIS,
Characteristics, Applications of MIS, Benefits and Limitations of MIS, Approaches of MIS
Development, Implementations of MIS.
2.3 Systems Development Life Cycle (SDLC) and its Stages, Success and Failure of MIS.
Far Western University, Faculty of Management 11
2.4 Alternative System Development Methodologies: Prototyping, End user Development and
water fall model
Unit III: Telecommunication and Network LH 8
3.1 Network and Telecommunication: Definition, Data vs Signal, Communication Processors,
Types of Networks, The Business Value of Telecommunications.
3.2 Communication Channels: Guided and Unguided Transmission media and their
characteristics and Applications
3.3 Networking Components: Repeater, Amplifiers, Hub, Switch, Bridge, Router, LAN card,
Gateway
3.4 Network Topologies: Bus, Ring, Star, Mesh, Tree and Hybrid Topology along with
Advantages and Drawbacks
3.5 Network Architectures: Peer to Peer, Client Server, Distributed
3.6 Protocols: OSI Reference Model, TCP/IP, Application Layer Protocols (HTTP, FTP, Telnet,
SMTP)
Unit IV: Data Resource Management and DSS LH 7
4.1 Fundamental Concepts of data and database, Need of Data Management, Data Management
Approaches, Types of databases
4.2 File management System: Definition, Limitations and Benefits of File Management Systems
4.3 Database Management Systems: Database, DBMS, Database Systems, Advantages and
Drawbacks, Database Languages, ER Diagram, Data Models, RDBMS, Concept of
Normalization
4.4 Business Intelligence and Data: Data warehouse, Data Mart, Data Mining, Purpose of Data
Mining, and Practical: Microsoft Access, Database Design, Creating New Database, setting
up Tables, Form and Report Design and MS Excel.
Unit V: E-business Systems and E-commerce Systems LH 7
5.1 Overview: E-Business vs E-Commerce, Pure vs Partial Ecommerce, Ecommerce Application
Trends, Unique Features of E-Commerce, E-marketing
5.2 Types of E-Commerce: Business to Business, Business to Consumer, Consumer to Business,
Consumer to Consumer
5.3 Revenue Generation Models in Ecommerce: Brokerage Model, Buyer Aggregator Model,
Advertising Model, Community Model etc.
5.4 Mobile Computing and Commerce: Mobile Computing Technology, Mobile Financial
Services, Mobile Shopping, Advertisement and Entertainment
5.5 E-Commerce Supporting Technologies: Electronic Payment Systems, Web Marketing,
Mobile Marketing, Search Engine Optimization; Social Media Information Systems, Digital
Markets and Digital Goods in a Global Marketplace.
Unit VI: Security and ethical challenges in information systems LH 8
6.1 Business/IT Security, Ethics, and Society, Ethical responsibilities of Business Professionals
(Business Ethics, Technology Ethics, Ethical Guidelines), Computer Crimes (Hacking,
Cyber Theft, Unauthorized Access, Software Piracy, Piracy of Intellectual Property,
Computer Viruses and Worms)
6.2 Privacy Issues: Privacy on the Internet, Computer matching, Privacy Laws, Computer Libel
and censorship, Other Challenges: Emplacement Challenges, Computer Monitoring,
Challenges in Working Conditions, Challenges to Individuality, Health issues.
6.3 Tools for Security management, Internetwork Security Defenses (Encryption, Firewalls, e-
mail monitoring, Virus defenses).
Reference Books:
Laudon, Kenneth C., Laudon, Jane P. (2018). Management Information Systems: Managing the Digital
Firm, 15th ed. United Kingdom: Pearson Education Ltd.
Tesone, D. F. (2005). Hospitality Information System and E-commerce. John Wiley & Sons, New Jerse
•