8TH

SEMESTER
Course Title: Indian Financial System Total Credits= 4

Course Code: IGCOM23C801 Theory: 80; Practical: 20

Learning Objectives:
1. To build conceptual understanding about various aspects of a financial system with
particularreference to Indian Financial System;
2. To grasp mechanics of various financial instruments, financial services and institutions;
3. To understand mechanism of various types of financial markets.
Learning outcomes :
1. Demonstrate an understanding of the key components of the Indian Financial System, including
banks, non-banking financial companies (NBFCs), insurance companies, capital markets, and
regulatory bodies.
2. Identify and explain the roles and functions of various financial institutions and intermediaries
within the system.
Unit I

Financial Systems: Significance, Functions and structure of financial system, Indian

financial system Financial Dualism, Financial Sector reforms, SEBI, Role & its
Functions; Financial instruments, Debentures, Shares, ADRs, GDRs and ECBs.
Derivative trading – Futures & options contracts
Unit II
Money Market: Meaning and Functions, Constituents of Money Market: Call Money
Market,Treasury Bill Market, Repo Market, RBI Repo and Inter-bank Repo, Certificate
of Deposit Market, Commercial Bills Market and Commercial Paper Market. Method
of Auction of Treasury bills, RBI’s Negotiated Dealing System, CCIL and its role as
inter-bank market maker, FIMMDA and its role in money market.
Unit III
Capital Market: Concept; Structure and Functions of Capital Market; Primary Market
its role& Functions, Methods of selling securities in Primary Market, SEBI Guidelines
for different types of issues, procedures for Pricing of new issues, Appointment & role
of Merchant Bankers, Underwriters, Lead Managers, Brokers, Bankers & Registrars.
Allotment of shares, Secondary Market – Role & Organization of stock exchanges.
Types of stock exchanges. Listing & De-listing of securities. Screen based Trading
System and Settlement.

Unit IV
Financial Institutions: Commercial Banks: Functions and management. Reserve Bank of
India:Role & Functions. Mutual Funds: Concept and Objectives - Functions – Types of
mutual funds-Organization and management, Asset Management Company, Sponsor,
Board of Trustee-Guidelines for Mutual Funds - Working of Public and Private Mutual
Funds in India.

Suggested Readings (Latest Edition):

1. Pathak, Bharti V. The Indian Financial System, 2nd Edition Pearson Education, India.
2. Khan, M. Y. Indian Financial System, Tata McGraw Hill New Delhi.
3. Bhole, L. M. Indian Financial System, Tata McGraw Hill New Delhi.
4. Bhole, L. M. Financial Institutions & Markets Structure, Growth & Innovations,
Tata McGraw Hill New Delhi.
5. Varshney, P.N. Indian Financial System, Sultan Chand & Sons, New Delhi.
6. Desai, Vasant. The Indian Financial System, Himalaya Publishing House, New Delhi.

Journals:
1. Asian Financial Markets
2. Journal of International Financial Markets, Ins. & Money
 Course Title: Accounting for Managerial Total Credits= 4
Control
Course Code: IGCOM23C802 Theory: 80; Practical: 20

Learning Objectives:

1. To have a good knowledge of various accounting concepts and techniques for planning and
controlling the activities of an organisation;
2. To learn how these techniques are actually applied in real life business situations of
managerialplanning and control:
3. To build the capacity of the students and prepare them as future executives to ensure better
planningand control in organisations.

Learning Outcomes:
1. Demonstrate an understanding of the importance of accounting in managerial control and decision-making.
2. Identify and explain the role of accounting information in planning, monitoring, and evaluating
organisational performance.
Unit I
Strategic Planning and control: Balanced Scorecard (BSC) as an instrument of Strategic
planning and control- Customer perspective, Internal Business Process perspective, Learning
& Growth perspective and financial perspective as measures of strategic performance of
business. Measuring financial performance with accounting Ratios, Funds flow, Cash flow
and EVA analysis. Design and implementation of BSC. Linking multiple scorecard measures
into a single strategy.
Unit II
Tactical Planning and Control: Programming and Budgeting as instruments of tactical
planning and control. Budgetary control: system and process; preparation of sales,
production, material, labour, overheads, cash and master budgets. Flexible budgeting,
Performance budgeting and Zero-base budgeting. Behavioural aspects of budgeting.
Unit III
Decentralisation and Divisional Performance planning and Control: Responsibility
Accounting-identifying responsibility centers; Cost, Revenue, Profit and Investment
centres. Reporting under responsibility accounting. Controlling performance in a
divisionalised company-Total profit, ROI, RI, and EVA as control measurements. Transfer
pricing in a divisionalised company: Methods of transfer price and corporate policy.
 Unit IV
Operational Planning and Control: Standards for operations as instruments of planning and
control, standard setting for various components of cost as well as sales. Computation and
analysis of variances, investigation of variances, control and disposition of variances,
Revision of standards. Internal audit, operational audit and management audit as instrument
of control.
Suggested Readings (Latest Edition):

1. Richard and Williamson Robert, Accounting for Managerial planning and Control,
McGraw-Hill Publishing House.
2. Atkinson, Banker, Kaplan, and Young, Management Accounting, Pearson
Education.
3. Young, S Mark, Readings in Mgt. Accounting, Prentice Hall of India New Delhi.
1. Kaplan Robert S and Atkinson, Anthony,Advanced Management Accounting,
Pearson Education.
2. Sharma & Gupta,Management Accounting, Kalyani Publications, Delhi.
3. Kishore, R. M Advanced Mgt. Accounting, Taxman publications, New Delhi.

Journals

1. Indian Journal of Accounting

2. Journal of Accounting and Finance
3. Journal of Accounting, Auditing & Finance
 Course Title: Financial Management Total Credits= 4

Course Code: IGCOM23C803 Theory: 80; Practical: 20

Learning Objectives :
1. Provide an in depth view of the process of financial management of the firm.
2. Develop knowledge on the allocation, management & funding of various financial resources( long term as well
as short term).
3. Acquint students with the concept of time value of money and its applicability in investment decisions.

Learning Outcomes:
1. Demonstrate an understanding of financial management's key principles and concepts.
2. Identify and explain the goals and objectives of financial management, such as maximising shareholder wealth
and ensuring financial stability.
Unit I

Financial Management: Meaning, Principles and Goals of Financial Management. Agency

Relationship conflict. Economic value added concept.

Risk and Return: meaning, methods of measuring risk: Expected Return, Standard Deviation, Co-
efficient of variation, and Beta coefficient; Portfolio Risk, Measurement of standalone and Portfolio
Return.
Time Value of Money: Meaning and significance, Computation of present value and future value.
Special Applications of Time Value: Deposits to accumulate a certain Sum, Loan Amortization and
Interest / Growth rates.
Unit II
Cost of Capital: Meaning, concepts and Significance of Cost of Capital. Calculation of cost of debt
Preferred stock, Common Stock and Retained earnings. Weighted average cost of capital. Valuation
of Securities: valuation concepts, valuation of Bonds, Preferred stocks, and Common stocks.
Calculation of yield.
Unit III
Working Capital Management: Concepts, kinds of working capital, Determinants of working capital,
Estimation of working Capital, Different Financial Plans, Financing of working capital.
Inventory Management: Meaning, Objectives of Inventory management, Types of inventories and cost
of inventories. Techniques of Inventory Control; Selective inventory control techniques:-ABC Analysis.
Unit IV
Receivables Management: Meaning and objectives of Receivables management, Credit policy variables
and Collection Policy, Credit Granting decision process, Control of Accounts receivables.
Cash Management: Meaning of Cash, Motives for Holding Cash, Methods of accelerating and
Decelerating cash flows; Methods of determining optimum Cash Balance, Forms of Liquidity, Choosing
the Liquidity Mix, Management of Surplus Cash.

Suggested Readings:
1. Irwin, Homewood, illinois
2. Chandra, Prasana. Financial management. Tata McGraw Hill, New Delhi.
3. Brealey Richard A. ,Steward C. Myers. Corporate Finance. McGraw Hill New York.
4. Hampton, Jhon. Financial Decision Making Prentice Hall Delhi
5. Pandey, I. M. Financial Management. Vikas Publishing House Delhi.
6. Van Horn J.C. & J. M. Wachowiez JR. Fundamentals of Financial Management. Prentice Hall,Delhi.

Journals
Finance India
Indian Journal of Finance & Research
 Course Title: Project Appraisal and Total Credits= 4
Management
Course Code: IGCOM23D805 Theory: 80; Practical: 20

Learning Objectives:
1. Understand the concept of a project and its characteristics.
2. Understand the process of project identification and formulation.
3. Gain an understanding of the technical, economic, financial, legal, and social aspects of project appraisal.
4. Understand project scheduling and the use of network techniques for resource allocation, cost budgeting, and
scheduling.
Learning Outcomes:
1. Demonstrate an understanding of the project appraisal process and its significance in project management.
2. Identify and explain the stages and components of project appraisal, such as project identification, feasibility
analysis, and cost-benefit analysis.
Unit I

Concept of a project, categories of project, project development cycle. The concept of

project management, Tools & techniques of project management. Different forms of
project organizations.
Unit II

Project identification, Project formulation and preparation: Market and demand estimation,
market survey, demand forecasting technical factors-Material inputs, technology, production,
plant capacity, location and site, civil works, charts, layouts, work schedule, cost of project,
means of financing, estimates of cost, financial projections.
Unit III

Technical, Economic, Financial, Legal and Social appraisal of the Industrial Projects social
cost-benefits, treatment of risk and uncertainty, sensitivity analysis and probability approach
single as well as multiple projects.
Unit IV

Project scheduling, network techniques for resource and cost budgeting and scheduling,
project management teams and coordination. Monitoring and post implementation, evaluation
of the Project, project financing.
 Suggested Readings (Latest Edition):

1. Chandra, P, Project Planning, Analysis, Financing Implementation and Review,

Tata McGraw Hill Publishing House, New Delhi.
2. Dhankar, R. S, Financial Management of Public Sector Undertakings,
Westvila,New Delhi.
3. Pitale R. S, Project Appraisal Techniques, Oxford and IBH.
4. Timothy D.R. & W. R. Swell,Project Appraisal & Review, Macmillan India.
5. Chaudhary S, Project Management, Tata McGraw Hill Publishing House, New
Delhi.
6. Mohsin M, Project Planning & Control, Vikas Publications.
7. Goyal BB, Project Management: A Development Perspective, Deep & Deep.
Journals
1. Journal of Project Finance
2. Journal of Risk
 Course Title: Organizational Change & Total Credits= 4
Development
Course Code: IGCOM23D806 Theory: 80; Practical: 20

Learning Objectives:
1. Introduce students to organisational change and development theories and develop
fundamental knowledge of organisational change as an area of management
2. Explore various models and analytical tools used by organisational change
practitioners
3. Identify and critically evaluate a variety of organisational change interventions
4. Develop an understanding of the challenges that both managers and employees facewhen
experiencing change
5. Develop critical thinking and analytical skills in applying organisational change
theory to various workplace situations

Learning Outcomes:
1. Demonstrate an understanding of organisational change and development concepts and theories.
2. Identify and explain the reasons and drivers for organisational change.
Unit I
Organisational Change: Planned change. Models and Theories of Planned Change.
Organisational Growth and its implication for change. Kurt Lewin’s Model of change:
ForceField Analysis Change Cycles.
Unit II

Introduction to Organisation Development: Concept and Process. Assumptions and

values underlying organisation development. Emergence of OD as an applied behavioural
science.
Unit III
OD Interventions: Meaning and concept. Philosophy about OD interventions, Classifying
OD Interventions.
Unit IV

OD and Human Resource Development (HRD): OD-HRD interface. Participation of

Top Management in OD/HRD. OD Research and Practice in Perspective, Future of OD.
Suggested Readings (Latest Edition):
1. Cummings, T. G. & Worley, C. G.,Organization Development andChangeSouth-
Western Cengage Learning. Brown, D. R. & Harvey D, An Experiential Approach to
Organizational Development Pearson Education.
2. Brown, D. R.: An Experiential Approach to OrganizationalDevelopment. Pearson
Education, Inc.
Journals
1. Harvard Business Review, HBS, UK ,
2. Indian management, IMA, New Delhi andVikalpa, IIM Ahmdabad.