THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA FACULTY OF COMMERCE POST GRADUATE DIPLOMA IN FIANANCIAL MANAGEMENT PGDFM PROSPECTUS [ ]

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1 THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA POST GRADUATE DIPLOMA IN FIANANCIAL MANAGEMENT PGDFM PROSPECTUS [ ] THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA DEEP ASHWINBHAI PATEL CENTRE FOR POST-GRADUATE STUDIES (DEEP BUILDING) SHRI PRATAP SINH RAO GAEKWAD PARISAR OPP: THE M S UNIVERSITY MAIN HEAD OFFICE, NEAR FATEHGUNJ POST OFFICE VADODARA (GUJARAT) , INDIA. Phone: [ 1

2 THE MAHARAJA SAYAJIRAO UNIVERSITY OF BARODA POST GRADUATE DIPLOMA IN FINANCIAL MANAGEMENT [EVENING HIGHER PAYMENT/SELF FINANCED BASIS PROGRAMS] [UNDER SEMESTER SYSTEM] TITLE OF THE PROGRAMME: POST GRADAUATE DIPLOMA PROGRAMME [*HIGHER PAYMENT/SELF FINANCED BASIS] P. G. DIPLOMA IN FINANCIAL MANAGEMENT [PGDFM] A BRIEF DESCRIPTION OF THE PG DIPLOMA PROGRAMME: Today the world around us is changing rapidly, throwing open great challenges driven by the growing trend of globalization, e-commerce and e-business. Financial services like insurance, banking, project finance etc. are getting geared up for virtual delivery in a seamless digital world. The post graduate diploma in financial management (PGDFM) is a program with examination and project report and viva voce, designed to build a strong foundation in the area of financial accounting and financial management for all financial and non-financial working professionals and executives. This programme helps financial and non-financial working professionals and executives in understanding theory and practice of accounting and finance. This programme also provides contemporary ideas and practice of different areas of finance in this changing era from simple accounting to integrated control systems based on enterprise resource planning. OBJECTIVES OF PROGRAMME: The objectives of PGDFM programme include the following: 1 To impart basic knowledge of accounting and develop skill for understanding different areas of financial management in this global business world. 2 To interlink finance and other areas of management like production, sales, marketing, research and development, personnel etc. 3 To encourage graduates, professionals and executives to learn different areas of accounting and finance so that they can develop an interdisciplinary understanding and have overall perspective about business and its goals. ATTENDANCE: Attendance will be compulsory in the programme. A candidate whose overall attendance is less than 75% of the total number of lectures delivered in each subject individually will not be allowed to appear in the examination. 2

3 TEACHING FACULTY: Faculty will be drawn both from within the university as well as from the industry and professionals practicing in the related areas. Teaching Method: The teaching method of the programme is interactive and participatory in nature. The regular theory lectures will be supplemented by practical and case studies. There will be 90 lectures in each semester for each subject, which will be divided in 60 hours classroom teaching plus 30 hours for seminar. One hour per four students will be allotted for presentation in each seminar. Each student will have to give two presentation in each subject in each semester. COURSE OUTLINE: Title of Paper SEMESTER I Marks 1. Accounting and Finance for Managers Fiscal and Corporate Laws Financial Management Financial Mathematics 100 Title of Paper SEMESTER II Marks 1. Project Finance and International Finance Management Accounting Investment Analysis and Portfolio Management Project Work 100 EXAMINATION: There will be an examination at the end of each semester to evaluate the performance of candidates. The marking scheme will be as follows. 1. Theory Papers: i) Written Examination 70 Marks ii) For Continuous Evaluation a. Presentation in seminars. 20 Marks b. Attendance and Class Room Participation 10 Marks 2. Project Work (70 Marks: Project Report & 30 Marks: viva voce) 100 Marks A candidate must obtain a minimum of 40% marks to pass in each theory paper and project work. A candidate will be required to defend his/her project work in a viva-voce session. Submission of Project Report and appearance in viva voce, both are mandatory requirements. It will be obligatory to appear at the viva voce for the purpose of passing. 3

4 AWARD OF CLASS: The class will be awarded to the candidates on the basis of their performance in written examination, project work and viva-voce. Those of the successful candidates who obtain not less than 40% but less than 50% of the total marks will be declared to have passed in Pass Class. A candidate securing 50% or more but less than 60% of total marks will be declared to have passed in Second Class. A candidate securing 60% or more but less than 70% of total marks will be declared to have passed in First Class. A candidate securing 70% or more of total marks will be declared to have passed in Distinction. DEFICIENCY: To pass the semester examination, a candidate must obtain a minimum of 40% marks in each subject individually and also overall 40%. The candidate getting 40% or less than that in overall but 50 or more marks in any subject will be eligible for exemption in that subject. Candidate, who fails to clear the First Semester examination at the first attempt, will be allowed to continue the Second Semester and he/she will be permitted to appear in the First Semester examination along with the examination for the Second Semester. In any case the student should clear his/her examination within two academic years of the year of admission. To facilitate this at the time of any examination both semester examinations will be conducted. Verification of marks and Re-assessment will be allowed as per the university rules. Viva-voce Viva voce will be held by the committee consisting of two persons the Course Director/ Course Coordinator/Project Guide /One Senior teacher of the department and one External expert. THE ADMISSION TEST The admission test will be of two hours duration and will consist of multiple choice questions. Some of the possible section to be included in the written test are as follows. 1. General Awareness 2. English Proficiency Test 3. Analytical Reasoning 4. Quantitative Aptitude Test 5. Problem Solving Note. : University reserves the right to amend, without any notice any provision stated in this prospectus. 4

5 ELIGIBILITY CRITERIA: Any Graduate with 45 per cent of Marks in Aggregate Undergraduate Level. INTAKE CAPACITY: 80 Seats DURATION OF POST GRADUATE DIPLOMA PROGRAMME: 01 Year FEES STRUCTURE OF THE PROGRAMME: As per the Rules of the M S University of Baroda MODE OF ADMISSION: Written Entrance Test [WEIGHTAGE 70 %] + Personal Interview [WEIGHTAGE 30%] WRITTEN TEST [weightage 70 %]: General Awareness English Proficiency Test Analytical Reasoning Quantitative Aptitude Test Problem Solving Etc PERSONAL INTERVIEW [weightage 30%]: Each candidate shall be compulsorily required to appear before the panel of Experts for the Personal Interview. MERIT LIST: List of the candidates selected for provisional admission shall be displayed on the College Notice Board. Tentative Date for Merit List of Admission/Entrance Test will be announced on the date of Entrance Test. [The Faculty of Commerce and Course Director reserves the right to change and alter the date of Written Entrance Test & Personal Interview as the case may be] Closing Date of Online Application for the Programme: 08 th July, 2016 or 15 days after T.Y.B.Com. (MSU) result whichever is later. 5

6 DATE OF ENTRANCE TEST (Tentative): 17 JULY 2016 (Sunday) VENUE OF ENTRANCE TEST: DEEP ASHWINBHAI PATEL CENTRE FOR PG STUDIES [M.COM.:PG UNIT] Faculty of Commerce The MS University of Baroda Opp: M. S. University Main Office Pratapsinhrao Gaekwad Parisar Near Fatehgunj Post Office Vadodara (Gujarat) Ph. (+91) [Office Timings: Mondays to Fridays: 6-30 P.M. to 7-30 P.M.] 6

7 POST GRADUATE IN DIPLOMA IN FINANCIAL MANAGEMENT SEMESTER-I: Paper I ACCOUNTING AND FINANCE FOR MANAGERS Unit-I. Introduction of Accounting Introduction: Meaning and Introduction of Accounting, Branches of accounting. Financial Statements: Introduction, Preparation and Reading of: Balance sheet, Profit & Loss Account and Cash Flow statement. Unit-II Financial Statement Analysis Meaning, Objectives, Steps, Methods and Tools. Unit-III Management Information System Introduction, Types of reports, Methods of reporting, Requirements of a good report, Importance, Usefulness and need of reporting, Formats of report, Managerial reports and their control. Report drafting: Language, Contents and Structure. Management Information System: Definition, Scope, Use of information system in MIS, Accounting Information System; Financial Information System. Statement of Changes in Position. Unit-IV Financial Reporting Corporate Financial Reporting and Recent Trends. 1. Modern Accounting By A Mukherjee and M Hanif, Tata McGraw Hill Publications 2. Corporate Financial Reporting : Theory, Practice and Cases, (3 rd Edition) By Prof. Jawahar Lal, Taxmann Publication 3. Financial Accounting By R Libby, P A Libby and D G Short, Tata Mc Graw Hill Publication 4. Financial Reporting: Emerging Trends, Edited By E. Mrudula and VRP Kashyap (ICFAI Press) 5. Essentials of Financial Accounting by A K Bhattacharyya, (EEE) PHI Learning (P) Ltd. 6. Financial Accounting for Managers: An Analytical Perspectives By Ambrish Gupta, Pearson Publications 7. Annual Reports of the companies. 7

8 POST GRADUATE IN DIPLOMA IN FINANCIAL MANAGEMENT SEMESTER-I: Paper - II FISCAL & CORPORATE LAWS UNIT-I- Provisions of the Companies Act, 1956 Meaning & Nature of the Company- Benefits of Incorporation Principles of Corporate Personality & Limited Liability Lifting or piercing of Corporate Veil Statutory and Judicial Pronouncements Classification of Companies- Registration of Companies SHARES: Issue, Allotment and Related aspects. Prospectus/Statement In Lieu Of Prospectus Membership of Companies Borrowing Directors- Meetings UNIT-II Introduction to Foreign Exchange Management Act, 1999 Difference between FEMA and FERA, Definition, Capital Account and Current Account Transactions, Transactions which are permissible and Prohibited under the Act, Authorized Person, Penalties, Repeal and Saving Clauses of the Act. Introduction to Prevention of Money Laundering Act Survey, Search and seizure, Penal Provisions. Interpretation of Statues, Deeds and Documents Requirement of Interpretation/Construction Rules of Interpretation/Construction Internal aid and External aid to Interpretation/Construction Rules of Interpretation/ Construction of deeds and documents. UNIT-III An overview of Structure of Computations of Income including all Heads of Income Exemptions & Deductions Set off & Carry Forward of Losses Tax Administration & Management Provisions of T.D.S., Advance Tax and Filing of Income Tax Returns. UNIT-IV Introduction to Central Excise Important concepts - Types of Excise Duties Production & Manufacture Classification of Goods Procedures in Central Excise Exemption in case of SSI CENVAT Credit. Introduction to Value Added Tax (VAT) Incidence and Levy of Tax Input Tax Credit Composition Schemes Tax Invoice Retail Invoice Procedures under VAT Act including Filing of Returns and Payment of Taxes. Introduction to Service Tax - Basic Concepts Computations & Administrative Procedures under Service Tax. 1. N.D. Kapoor- Mercantile Laws. 2. V. S. Datey- Students Manual to Business and Corporate Laws. 3. Majmudar A. K. - Students Guide to Company Law. 4. Agrawal Rohit- Students Guide to Mercantile and Company Laws. 5. Direct Taxes Law and Practice - Dr. Vinod K. Singhnia 6. Professional Approach to Direct Taxes Law & Practice including Tax Planning - Dr. Girish Ahuja & Dr. Ravi Gupta. 7. Indirect Taxes Law & Practice Shri V. S. Datey. 8. Indirect Taxes Law & Practice- Shri Sanjeev Kumar. 8

9 POST GRADUATE DIPLOMA FINANCIAL MANAGEMENT SEMESTER-I: Paper - III FINANCIAL MANAGEMENT Unit I: 1. Core Concepts in Financial Management - Goals of Financial Management 2. Sources of Long term and Short Term Finance Unit II: Working Capital Management: Inventory Management Accounts Receivables Management Cash Management Unit III: 1. Cost of Capital 2. Capital Budgeting Unit IV: 1. Capital Structure -Leverage 2. Dividend Policy 3. Corporate Restructuring 4. Emerging Areas in Finance 1. I. M. Pandey: Financial Management 2. Khan & Jain: Financial Management 3. Ravi M. Kishore: Financial Management 4. Prasanna Chandra: Financial Management Theory and Practice. 9

10 POST GRADUATE DIPLOMA FINANCIAL MANAGEMENT SEMESTER-I: Paper - IV FINANCIAL MATHEMATICS Unit-I Basic Statistics Measurement and Scaling techniques Number system Data management Matrices Functions Unit-II Tools for Quantitative Analysis Unit-III (a) Interest rates and Time Value Analysis (b) Mathematics of Insurance Unit-IV Valuation of Securities Equity Bonds Options 1. Financial Mathematics By Sankalp Srivastava and Ravi Prasad, New Age International Publishers 2. An Elementary introduction to Mathematical Finance By Sheldon M Ross Cambridge University Press 3. Mathematics and Statistics by Ajay Goel and Alka Goyal Taxmann s Allied Services (P) Ltd. 4. Quantitative Methods The ICFAI University Press-Hydrabad 10

11 POST GRADUATE DIPLOMA FINANCIAL MANAGEMENT SEMESTER-II: Paper - I PROJECT FINANCE AND INTERNATIONAL FINANCE Unit-I Basic Concepts Overview Capital Allocation Framework Generation & Screening of Ideas Government Regulatory Framework in brief Market Feasibility- Technical Feasibility. Unit-II Financial Feasibility Financial Estimates Sources of Long term Finance Estimation of Working capital Projected Cash Flows Appraisal Criteria Risk Analysis. Unit-III Specific Decision Situations. Basics of International Finance Source of International Finance Funding by International Agencies Risk Management with reference to International Finance. Unit-IV Evaluation of International Projects and Management of Risks. Network Techniques- PERT-CPM- Resource Scheduling and Allocation. 1. Prasanna Chandra: Projects- Planning, Analysis, Selection, Financing, Implementation & Review Tata McGraw Hill Publishing Company Limited 2. Vasant Desai: Project Management Himalaya Publishing House 3. Pahwa H.P.S.: Project Financing Bharat Law House 4. Kapoor V.K.: Operation Research. 5. Apte P. G.: International Finance 11

12 Unit-I POST GRADUATE DIPLOMA FINANCIAL MANAGEMENT SEMESTER-II: Paper - II MANAGEMENT ACCOUNTING 1. Introduction: Basic Concepts- Managerial Accounting: Introduction, Role. Product Pricing and Cost Management. 2. Product Costing: Job Costing, Process Costing and Hybrid Costing. Unit-II 1. Budgetary Control: Introduction, Advantages, Limitations, Role, Types of Budgets, Budget and Responsibility Accounting Budget and Controlling. 2. Standard Costing: Price, Quantity, Sales and Profit Variances. Unit-III 1. Cost Volume Profit Analysis in Business Decision Making 2. Short Term Business Decisions 3. Pricing Products and Services Unit-IV 1. Activity Based Costing: A tool of Decision Making 2. Responsibility Accounting and Divisional Performance Measurement Responsibility Centres Performance Reports - Behavioural Effects Segment Reporting. Performance and Balance Score Card 3. Transfer Pricing 4. Recent Developments 1. Cost Accounting By Mittal and Mittal 2. Managerial Accounting for Managers, By Noreen, Brewer and Garrison, Tata Mc Graw Hill Edition 3. Cost and Management Accounting By Ravi M. Kishore 4. Management accounting By M Y khan and P. K. Jain 5. Advanced Cost and Management Accounting By V. K. Saxena and C. D. Vashist 6. Managerial Accounting By Jawaharlal 7. Advanced Cost and Management Accounting By Dr. S. N. Maheshwari 8. Management and Cost Accounting By Drury 9. Managerial Accounting by Warren, Reeve and Fess. 10. Financial Accounting By R. Libby, P. A. Libby and D. G. Short, Tata Mc Graw Hill Publication 12

13 POST GRADUATE DIPLOMA FINANCIAL MANAGEMENT SEMESTER-II: Paper - III INVESTMENT ANALYSIS & PORTFOLIO MANAGEMENT Unit-I Unit-II Unit-III Savings and Investments, Investment Attributes, Investment Alternatives & Their Evaluation. Securities Market: Functions, Participants, Primary Equity Market, Secondary Equity Market, Regulatory Framework, Sources of Market Information. Risk and Return: Sources of Risk, Types of Risk, Components of Return, Measuring Historical Return and Risk, and Measuring Expected Return and Risk. Equity Valuation: Dividend Discount Model & Earnings Multiplier Approach. Fundamental Analysis: E.I.C. Analysis. Technical Analysis. Debt Instruments and Market, Bond Valuation. Mutual Funds and ETFs Derivatives: Futures and Options. Unit-IV Portfolio Theory & Capital Asset Pricing Model ( CAPM ) Efficient Market Hypothesis: A Primer Portfolio Management Framework: Specification of Investment Objectives and Constraints, Choice of Asset Mix, Formulation of Portfolio Strategy, Selection of Securities, Portfolio Execution, Portfolio Revision, and Portfolio Evaluation. Global investing 1. Investment Analysis & Portfolio Management - Prasanna Chandra (TMH) 2. Investments Analysis & Behaviour - Mark Hirschey & John Nofsinger (SIE TMH) 3. Investments - Bodie, Kane, Marcus and Mohanty (SIE - TMH) 4. Fundamentals of Investment: Alexander, Sharpe and Bailey (PHI) 5. Investment Management: Preeti Singh (Himalaya Pub) 13