SYLLABUS

     

                                         SYLLABUS

                       UTKAL UNIVERSITY

                                             VANIVIHAR

                        BHUBANESWAR – 751004, ODISHA

    Course Curriculum for M.Com. (FC) Programme

   (Credit Based Choice System e.f.2007-08)

SEMESTER – IV

4.1 Strategic Financial Management (SFM)                                 4    

4.2 Corporate Governance and Business Ethics (CGBE)            4

4.3 Commodity Markers and Futures (CMF)                               4

4.4 Retail Management (RM)                                                          4

4.5 Business & Corporate Law (BCL)                                            4

4.6Accounting Standards & Corporate Reporting (ASCR)         4

4.7Entrepreneurship & Small Business Management (ESBM)   4

4.8 Final Project and Viva Voce

FOURTH SEMESTER

MFC 4.1 STRATEGIC FINANCIAL MANAGEMENT

Objective

The objective of the course is to examine role of the finance managers in the management of Strategic financial position of the firm. The strategic choice in investment and financing witch enhance the share holder’s value been inducted in the course.

Course Input

 UNIT- I

Introduction: Concept of Strategic Financial Management: Type of Financing and Investment Strategy, Strategy Component, Inter-relation between strategic choices, Strategic Financial Planning Process, Types of Strategic Financial Plans, Forecasting financial positions.

UNIT- II

Management of Long Term Growth: Expansion strategy, Divestment strategy, Determinants of success in the Growth Strategy, Impact of inorganic growth on corporate stake holders, Financing the long term growth.

UNIT- III

Management Global Finance: Domestic Financial Management Vrs. International Financial management, Capital Account Convertibility, International Financial market. International Investment Decisions, Role of International Financing institution, Risk Associated with International financing and Investment operations.

UNIT- IV

Innovations in Financial Instruments: Sources of innovation, Characteristics and pricing of common stock and Bonds. Valuation of financial Securities: Hybrid Securities.

UNIT- V

Emerging Area in Strategic Financial Management: Corporate Risk Management, Corporate Governance, Managing Private Equity and Venture Capital Management of Financial Distress.

References:

1. Joseph. P. Ogden, Frank. C.jen and Philip. F.O’ Conner: Advanced Corporate Finance: and Strategies, Pearson Education.

2. E.J Mclancy: “Business Finance: Theory and Practice” Pearson Education.

3. Arnold, G.C: Corporate Financial Management, Financial Times Pitmom Publishing.

4. Atrill. P. Financial Management for Non-specialists, Prentice Hall.

5. Brealy, R.A and Myers, S. The Principle of Corporate Finance, McGraw Hill Internal.

6. Cooper, Kaplani and E: Mastering Finance, Financial Times.

7. Lery. H and Samet, M: Principles of Financial Management, Prentice Hall.

8. Lery. H and Samet, M: Capital Investment and Financing Decisions. Prentice Hall International.

9. Lumby, S: Investment Appraisal and Financing decisions, Chapman and Hall.

10. Samuels, J.M, Wirkes, F.M. and Bryshaw. R.E: management of Company Finance,Chapmam and Hall.

11. Ross, Wester field and Jaffe: Corporate finance: Principles & Practice, Pearson Education.

12. Watson and Head: Corporate Finance: Principles & Practice, Pearson Education.

13. Brigham and Houston: Fundamentals of Financial Management, Thompson

In addition, the students are expected to refer to RBI Bulletins, Economic times and Other Business newspapers and Finance related journals and Magazines on a regular basis to keep themselves update about the recent developments.

MFC 4.2 CORPORATE GOVERNANCE AND BUSINESS ETHICS

Objective

The objective of the paper is to provide a theoretical understanding of the issues involved in corporate governance and business ethics from the perspective of a company manager engaged in welfare of the stakeholders.

Course Input

UNIT- I

Corporate Governance (CG): Meaning, Historical Perspective, Issues in CG, Theoretical basis of CG, CG mechanism, CG Systems, Good CG.

UNIT- II

Landmarks in the Emergence of CG: CG Committees, World Bank on CG, OECD Principles, Sarbanes, Oxley Act, 2002, Indian Committees and Guidelines, Cll Initiatives.

UNIT- III

Agents & Institutions in CG : Rights & Privileges of shareholders, Investors Problems & Protection, CG & other Stakeholders, Role Of Regulators & Government.

UNIT-IV

Business Ethics: Importance & Need for Business Ethics, Unethical behavior & issues, Corporate Governance Ethics, Ethics in Global Business.

UNIT- V

Ethics and CSR: Importance & Scope of CSR, Social Responsibility & Indian Corporations, Environmental Concems, Ethics in the Business Decisions.

References:

1. Femado A.C. Corporate Governance, Pearson Education.

2. Hartman L.P. Business Ethics, Tata McGraw-Hill.

3. Agalgatti b. H. & Krishna S. Business Ethics, Niraj Publication.

4. Prasad, Corporate Governance, PHI

5. Valesqueze, Business Ethics, PHI.

6. Das, Corporate Governance in India.

MFC 4.3 COMMODITY MARKETS AND FEATURES

Objective

The objective of the course is to acquaint the students with the concepts of commodities futures and markets.

Course Input

UNIT- I

Commodity Market: Concepts, Characteristics, Types of commodity markets in India, Organized, unorganized and regulated markets, Commodity exchange and the type of commodity’s traded in India.

UNIT- II

Commodity Futures: Concepts, spot and future transactions, Origin of forward contracts, characteristics & requirement of futures markets, types of exchanges and futures, margin & players, Contract innovation and success.

UNIT- III

Futures Market & Prices: Contract innovation, electronic futures trading, Basis and Spread, Model of Futures Prices, Arbitrage and cost of carry models, Future prices and expectations, Futures prices and risk aversion.

UNIT- IV

Agricultural, metallurgical and other future contracts using futures markets: Price discovery, Speculation and hedging, Commodities with seasonal production and consumption stability.

UNIT- V

Regulation of Futures markets: Regulatory instruments in India, Issues in regulation, FMC, NDE, MCX & other exchanges.

References:

1. Stanton, Fundamentals of Marketing, Tata McGraw Hill.

2. Kotler P. marketing Management, PHI.

3. Robert W. Kolb, Future Markets, PHI

4. Lexington, Mas D.S Heota & Co.: Speculatra, hedging & Commodity Price Forecasting.

5. Pring m.J.: hard book of Commodity and Futures, McGraw Hill.

6. P. Rithken, Oprion: theory, strategy and Application, Foresman and Co.

7. S. Telser, Chicago bord of Trade: Returns to Speculators, CBOT.

8. L. Venkatramanan,The Theory of Futures Trading- Asian Publishing House.

9. J.Wlliams, The Economic Function of Futures Market, Cambridge University Press.

10. Kleinman G., Commodity Futures and Options, Taxman.

11. Kolb R., Option: An Introduction, Miami, Kolb Publishers.

12. Hull, Options, Futures, and Other Derivatives, PHI.

MFC 4.4 RETAILING & BRAND MANAGEMENT

Objective

The objective of this course is to facilitate understanding of the conceptual aspects of Retail Management, supply Chain management and Brand management.

Course Input

UNIT- I

 Introduction to Retailing: meaning, importance, Recent trends, Retail management Decision Process, Types, Opportunities.

UNIT- II

 Retailing Management Decision: Retail market Segmentation and Location study, Retail Customer buying Behavior; Retail marketing strategy; Retile Locations and site selection.

UNIT- III

Strategic Retail Marketing: Product and merchandise management, Pricing Strategies, Communication- Mix and Retailing Promotion; Store layout and management; Servicing Retail Customers.

UNIT- IV

 Supply Chain Management: Fundamentals of SCM; Demand Management, Operation management; Logistic Management, Procure management; information and Technology; Performance Management and Control.

UNIT- V

Brand management: mining and Importance types, brand Planning; brand Positioning; Brand Equity.

References:

1. Burman, Barry, Evans, J.E. “Retail management”, Pearson Education New Delhi.

2. Levy, Michael, Weitz, a, Barton, “Retail management”, Tata-McGraw Hill New Delhi.

3. Pradhan, Swapna, “Retail management” Tata-McGraw hill, New Delhi.

4. Gilbert, D., “Retail management” Pearson education, New Delhi.

5. Bajaj, C., Tal Rajnish., Srivastava, Nidhi. “Retail management” Tata-McGraw Hill, New Delhi.

6. Taylor, David A, “Supply Chain management”, Pearson education, New Delhi.

7. Alteker. R.V., “Supply Chain management: PHI Publishing House, New Delhi.

8. Handfiled, R.B., Nicholas, E.L., “Supply Chain Redesign”, Pearson Education, New Delhi.

9. Ogden,J.R., “Integrated Retail management” Biztantra publication.

10. Chunawalla., S.A., “Brand Management”, Himalayan Publishing house. New Delhi.

11. Henry, D., “brand management”, Himalayan Publishing house, new Delhi.

12. Ramesh Kumar, S, “marketing and Branding”, Pearson.

13. Education, New Delhi.

MFC 4.5 BUSINESS AND CORPORATE LAW

Objective

The objective of this course is to familiarize students with the relevant provisions of various laws influencing business.

Course Input

UNIT- I

 Indian Contract Act. Negotiable instruments Act. Indian Stamp Act. Copy Right Act.

UNIT- II

MRTP Act, Indian Competition Act 2002, Consumer Protection Act, Patent Act.

UNIT-III

 Workmen Compensation Act, sick Industries Companies Act.

UNIT- IV

FERA and FEMA- 2000, Exim- Policies.

UNIT-V

 Securities and Exchange Board of India: (Amendment) Act. Indian Companies (Amendment) Act. Information Technology Act, Trademark Act.

References:

1. Avadhani V.A: SEBI Guidelines and Listing of Companies, Himalaya Publishing house,Delhi.

2. Indian Contract Act, 1872.

 3. SEBI Act 1992, Nabhi Publication, Delhi.

4. Securities (Contract and Regulation) Act, 1956.

5. Taxman’s Company Act, (Latest), V.S Datey.

6. Taxman’s masters Guide to Companies Act, 1998.

 7. Taxman’s mercantile Law,(latest).

8. The Companies Act, 1956.

9. The negotiable Instruments Act. 1881.

10. Singh, Avtar, Law Relating to Monopolies, Restrictive and Unfair Trade Practices,Eastern Book’ Co.

11. Bhandari ML: Guide to Company Law Procedure- Vols I,II and III; Jain Book Agency,New Delhi.

12. Ramaiya A; Guide to Companies Act; Wadhwa Publishing, Nagpur.

MFC 4.6 ACCOUNTING STANDARDS AND CORPORATE REPORTING

Objective
To provide an understanding of the accounting standards of ASB and IASB, and to study the corporate reporting practices in India.

 UNIT-I

Accounting Standards: Meaning and Importance, Historical development,

Accounting Standards in India: Objectives, Process of Standard Setting, Scope of Accounting Standards.

UNIT- II

 Brief Idea: About first fifteen accounting standards developed by ASB. (Special emphasis on AS-1, 2, 3, 6,10and14)

UNIT- III

 Brief Idea: About other Accounting Standards, Developed by ASB. (Special emphasis on AS- 17.18.20.21.25and28)

UNIT- IV

 IASB & IFRS: International Accounting Standards, Need for harmonization and standardization, US GAAP.

UNIT- V

 Corporate Disclosure: Annual Reports: Directors Report & Auditors Report, accounting Reports, Modern Trends in Corporate disclosure.

References:

1. N.Das Gupta: Accounting Standards: Indian International, Sultan Chand.

2. L.S. Porwal: Accounting Theory, Tata McGraw.

3. S. Rathore: International Accounting, Tata McGraw Hill.

4. E.R. Brown lee II, K.R. Ferris & M.E. Haskins: Corporate Financial Reporting, Irwin.

5. D.S.Rowat: Students Guide to Accounting Standards, Taxman.

6. A.K. Basu (University of Calcutta): International Accounting harmonization.

7. Jawahar Lal, Corporate Financial Reporting, Taxman.

8. Das Mohapatra, International Accounting, PHI.

MFC 4.7 ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

Objective

        The objective of the Present course is to sensitize the student about then role of SME sector in the economic development of the country. The present course also include discussion on various functions of a small scale units including tools and techniques of project preparation and appraisal.

Course Input

UNIT- I

SME; Enterprise Evolution & function; Definition of SSI Unite and SSI units Entrepreneur, Scope and Objective of SSI Units, Advantages & short comings of Small Industries, Small Industry and economic development, Developing Entrepreneurial Skill.

UNIT-II

 Project Management: Project and Project management, Project Identification, Project Formulation, Project.sss