SIR PADAMPAT SINGHANIA UNIVERSITY Udaipur

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1 SIR PADAMPAT SINGHANIA UNIVERSITY Udaipur SCHOOL OF MANAGEMENT Course Curriculum of Ph.D. Degree Programme FINANCIAL MANAGEMENT (Batch ) Credit Structure Category Credits Departmental Major Subjects 6 Mor Subject 3 Total 9 Note: The student has to select the courses of mimum 6 credits from the departmental major subjects and a compulsory Research Methodology course (common to all PhD Scholars) of 3 credits. SPSU/SOM/Management/Ph.D./2017 Ver.1.0 1

2 Course Structure: Ph.D. Degree ( ) Departmental Major Subjects S. No. Code Course Title L T P Credit(s) 1 BM-605 Management Accountg & Corporate Governance 2 BM-606 Global Fancial Management BM-607 Developments External Reportg Environment 4 BM-608 Busess Valuation Management Mor Subject S. No. Course Course Title L T P Credit (s) Code 1 BM-617 Research Methodology SPSU/SOM/Management/Ph.D./2017 Ver.1.0 2

3 Detailed Syllabus for Ph.D. Degree Programme Fancial Management Semester - I (Departmental Major Subject) BM-605 L-T-P-C Management Accountg & Corporate Governance Objective: This paper provides the knowledge of various tools & techniques used by modern management accountant for preparation of the report. It further provides knowledge of new techniques like benchmarkg, corporate governance & techniques of cost accountg to crease the knowledge of researcher the new area of research. Course Content Management Accountg: An overview to Management Accountg, complexities modern dustrial settgs, reason of misleadg formation provided by conventional management accountg. Indirect costs & crease its total costs. Complex firms, & there challenges of allocation. Methods of identifyg obsolete cost systems & of improvg cost control. Preparation of fancial statement with its analysis cludg ratio analysis. troduction of cash flow statement. Benchmarkg: Formal of measurg & comparg a company s operations; products & services. Comparg agast top performers: both with & outside that company s primary dustry. Corporate Governance: System for direction & control; Distribution of rights & responsibilities among different participants the corporation; board, managers, shareholders & other stakeholders. Performance Evaluation Techniques: Performance Budgetg; Responsibility Accountg, Economic value added (EVA), Market Value Added (MVA), Balanced Scorecard. Text/Reference Books 1. Introduction to Management Accountg. Horngreen CT. & Sundlem M. PHI Prciples of Management Accountg. Manmohan D. & Goyal S.N. Shakithabhavan Publication SPSU/SOM/Management/Ph.D./2017 Ver.1.0 3

4 3. Theory & Problems Management & Cost Accountg. Khan M Y. & Ja PK. TMH SPSU/SOM/Management/Ph.D./2017 Ver.1.0 4

5 Detailed Syllabus for Ph.D. Degree Programme Fancial Management Semester - I (Departmental Major Subject) BM-606 L-T-P-C Global Fancial Management Objective: The paper provides basic knowledge of fance with its use of for a busess the paper also provides advanced knowledge about basic fancial language & management of accounts for understandg of research area to be explored future. Course Content Fancial Termology: Sources of Short term & Long Term Fance, cludg bank fance, Venture capital fancg, Capital Structure, traditional and operatg cycle of Workg Capital calculation and management, operatg and fancial Leverage, Cost of Capital, Venture capital, Risk Management, Dividend planng & Dividend Policy. Multational Fancial Management: In view of Multational corporations & globalization. Foreign Exchange Markets: Various Types of Transactions; Organization of the Foreign Exchange Markets: Currency Issues like: Futures, Options, Swaps; & Exposure. Forecastg Exchange Rates: Economic & Technical Analysis, Provisions of FEMA. Text/Reference Books 1. Exchange Risk & Corporate International Fance. Aliver R.Z. Macmillan International Fancial Management. Bhalla V K. 2nd Ed. Anmol. Publication Tradg the Global Currency Markets. Luca Cornelius. Prentice Hall Publications International Fancial management. Bekaert Hodrick. PHI Publications SPSU/SOM/Management/Ph.D./2017 Ver.1.0 5

6 Detailed Syllabus for PhD Degree Programme Fancial Management Semester - I (Departmental Major Subject) BM-607 L-T-P-C Developments External Reportg Environment Objective: After readg this course, scholars will be conversant with applicability of accountg methods & model keepg md various provision of accountg standards & related provisions. This will also helpful to them while puttg recommendations about any accountg policy. Course Content Accountg standards India: Accountg standard settg process, Applicability of accountg standards: Ind. AS, AS, IAS, IFRS; Introduction of applicable IFRS India. Interpretation of various accountg standards; Scope of accountg standards, IFRS requirements for reportg: Indian Adoption timele. Compliance with the Accountg Standards: What, When & Where to comply. Annual Reports: Statutory Requirements & External reports, Preparation of Fancial formation the Annual Reports as per companies act 2013, Use of notes of accounts; External Reportg under capital regulations; Disclosure of post Balance Sheet events. Fancial Reportg across the world: Comparison between India, US, UK & Europe. Text/Reference Books 1. Fancial Accountg: An International Introduction. Alexander D & Nobes C. 3 rd Ed. Pearson Fancial Accountg & Reportg. Elliott & Elliott. 12 th Ed. Pearson IFRS Workbook & Guide. Abbas Ali Mirza, Magnus Orrell & Graham J Holt. John Wiley & Sons Ltd IFRS your Pocket. Deloitte SPSU/SOM/Management/Ph.D./2017 Ver.1.0 6

7 Detailed Syllabus for PhD Degree Programme Fancial Management Semester - I (Departmental Major Subject) BM-608 L-T-P-C Busess Valuation Management Objective: In busess, it is a common phenomenon to acquire the busess of others & to merge our own busess, this is a leang field for the research scholars; how such big kds of deals valued & at what basis. This course will serve the purpose of merger & acquisitions. Course Content Valuation: Basis & Prciples of valuation of Asset; Earngs; Cash flow; other valuation basis & busess valuation. Mergers: types of merger, Indian and International Accountg Standards applicable on M&A, Practical Issues regardg pre & post-merger accounts & research problems case of merger & acquisition, case analysis of M&A, cludg Accountg standards; Valuation of Mergers & Acquisitions: Shareholders & their rights, cost of capital pre & post-merger, Post merger consolidation process of accounts & research Issues. Valuation of Assets & Liabilities: Valuation of tangible assets & liabilities; Current assets, vestments, Shares & Current Liabilities. Introduction of methods of valuatg Intangible assets. Intellectual property & methods of valuation: Types of tangibles, valuation methods, models of Dividend growth, Human resource accountg. Text/Reference Books 1. Valug a Busess: The Analysis & Appraisal of Closely Held Companies. Pratt. 5 th Ed. McGraw-Hill Valug Small Busesses & Professional Practices. Pratt, Reilly & Schweihs. McGraw-Hill Standards of Value: Theory & Application. Fishman, Pratt & Morrison. Wiley SPSU/SOM/Management/Ph.D./2017 Ver.1.0 7

8 4. Busess Valuation Body of Knowledge: Exam Review & Professional Reference. Pratt 2 nd Ed. Wiley The Market Approach to Valug Busesses. Pratt. 2 nd Ed. Wiley SPSU/SOM/Management/Ph.D./2017 Ver.1.0 8

9 Detailed Syllabus for Ph.D. Degree Programme All Disciples Semester - I (Mor Subject) BM-617 L-T-P-C Research Methodology Objective: This course aims at helpg students appreciate the importance of carryg out research a planned and systematic manner. It discusses different research designs before providg students with an understandg of samplg for research purposes. It also provides students statistical tools to analyse and compare research data and test hypotheses for arrivg at statistical valid results. Fally the course discusses ethical issues relatg to samplg & research before providg puts on development of synopsis that forms the basis of formal research. Course Content Research & its Methodology: Defitions, Nature, Scope & Types of research, Statg the research problem and developg an approach, Importance of statement of research objectives. Research Design and Research Instruments: Comparison on important research designs (Exploratory, Descriptive and Experimental); Methods of Data Collection - Observational and Survey Methods, Questionnaire Design. Samplg Methods and Samplg Distributions: Statistics and Parameter, Samplg distributions - conceptual basis; standard error; samplg from normal populations; relationship between sample size and standard error; Fite Population Multiplier. Measurement and Scalg: Discussion on primary scales of measurement, discussion on comparative scalg technique (paired comparison scalg, rank order scalg, constant sum scalg) and non-comparative scalg techniques (contuous ratg SPSU/SOM/Management/Ph.D./2017 Ver.1.0 9

10 scale, itemized ratg scale, Likert scale, Semantic differential scale, staple scale); Challenges of ensurg accuracy (reliability and validity of research). Hypothesis Testg: Basic Concepts Null and Alternative Hypotheses; Type I and Type II errors; the significance level. Chi square and Analysis of Variance: Chi-square as a test of (a) dependence and (b) goodness of fit; ANOVA, Non parametric tests & its applications. Multivariate analysis usg SPSS: Factor Analysis, Multiple Regression Analysis, Multiple Discrimant Analysis and Logistic Regression, Multivariate Analysis of Variance. Presentg Research fdgs: Tabulation of Data, Synopsis & Report Writg, Ethical aspects of research. Use of Analytical Tools for Research: Analysis of data through spreadsheets, Use of SPSS, Use of open source tools like R for research. List of Exercises (Excel/SPSS/R) 1. Estimatg regression & correlation coefficients; 2. Estimatg probability based on Bomial, Poisson & Normal distribution; 3. Estimatg standard error usg central limit theorem (small & large population); 4. Hypotheses testg for all three kds of hypotheses; 5. Use of Chi-Squared value to estimate population variance & hypotheses testg; 6. Use of F-distribution for comparg multiple samples; 7. Non parametric testg as a tool for hypotheses tests; 8. Use of other open source software packages for research purposes. Text/Reference Books 1. Statistics for Management. Lev R.I. and Rub D.S. 7 th Ed. Dorlg Kdersley Pvt Ltd Quantitative Techniques. Kothari C.R. Vikas Publishg House Multivariate Data Analysis. Hair J.F.Jr., Black W.C. and Bab B.J. 7 th Ed. Prentice Hall Statistical Methods. Gupta S.P. 30" Ed. Sultan Chand Statistical Methods. Das N.G.McGraw Hill Education (India) Pvt. Limited SPSU/SOM/Management/Ph.D./2017 Ver