COMMERCE & MANAGEMENT FACULTY

Transcription

1 M.Com. Part-II (w.e.f. June -2011) SEMESTER: III Specialization Paper :III 303 E) MODERN BANKING ( ) 1. Application of Information Technology in Banking Lectures : 10 a) Traditional Banking Vs E-Banking b) Need for IT adoption in Banking c) Technological Innovations / Recent Developments in Banking i) Branch Banking Transactions (BBT) ii) Electronic Extension Centre (EEC) iii) Home Banking Terminal (HBT) iv) Online Banking v) Internet Banking vi) Telebanking vii) Electronic Funds Transfer / Point of Sale (EFT / POS) viii) Clearing House Auto Payment System (CHAPS) ix) Automatic Teller Machine (ATM) x) Credit Cards xi) Debit Cards xii) Smart Cards 2. Technological Innovations Lectures : 10 a) Concept of i) Society for Worldwide International Finance Telecommunication (SWIFT) ii) Electronic Invest (E-Invest) Accounts iii) E-Cash iv) Auto Swift Facility v) Mobile Banking vi) Cross Channel Banking vii) Electronic Clearing Services (ECS) viii) Real Time Gross Settlement (RTGS) ix) Anywhere Banking x) Voice Mail xi) V-SAT b) Electronic Cheque i) Definition ii) Essential features iii) Process of preparing E-cheques iv) Mechanisation for the operation of E-Cheque v) Advantage of E-Cheque 3. Deposit Insurance in India Lectures : 12 a) The formation b) Registration of Banks c) Deposit Insurance Scheme - Features d) Deposit Insurance Fund (DIF) e) Deposit Insurance Reforms in India 4. Internet Banking Lectures : 16 a) Meaning b) Need for Internet Banking

2 c) Working of Internet Banking d) Types of Internet Banking e) Factors responsible for growth of internet banking f) Advantage of Internet Banking g) Types of risk associated with Internet Banking h) Internet Banking - Indian Scenario Recommend Books 1. Modern Banking of India, O. P. Agrawal, Himalaya Publishing House 2. E-Banking in India : Challanges and Opportunities - Edited by R. K. Uppal and Rimpi Jatna, New Century Publications 3. Banking Theory - Law and Practice - Gordon, Natrajan, Himalaya Publishing House 4. Plastic Money and Modern Banking - Krishna Kant Upadhyay, Pearls Book 5. Managing Indian Banks : The Challenges Ahead, Vasant C. Joshi, Vinay V. Joshi, Response Books 6. Banking Future : The Coming Shape of Money and Finance, Kishor C. Padhye, Manoranjan Padhye, Dominant Publishers and Distributors 7. e-banking, Dr. S. C. Bihari, Skylark Publications 8. Banking Theory and Practice, K. C. Shekhar, Lekshmy Shekhar, Vikas Publishing House Pvt. Ltd. 9. Basics of Banking and Finance - Dr. K. M. Bhattacharya, O.P.Agarwal, Himalaya Publishing House 10. Introduction to Banking - Vijayragavan Iyengar, Excel Books 11. Banking Theory and Practice - Dr. P. K. Srivastava, Himalaya Publishing House, Mumbai 12. Deposit Insurance in India - M. R. Das, Himalaya Publishing House, Mumbai, First Edition, R.B.I. Bulletin 15. Economic and Political Weekly ******

3 M.Com Sem.II (w.e.f. June -2011) SEMESTER: III Specialization Paper :IV 304 E) BANKING - LAW AND PRACTICE ( ) 1. Banking Legislation and Reforms-I Lectures : 12 a) Banking Regulations Act, 1949 and amendments b) Social Control Over Banks c) Nationalisation of Commercial Banks d) Regional Rural Banks e) Credit Authorisation Scheme f) Credit Planning g) The New Private Sector Banks h) Local Area Banks 2. Banking Legislation and Reforms-II Lectures : 12 a) The Banking Commission - Recommendations b) Institutional Framework c) Restructuring of Commercial Banks d) Widening the Functional Coverage of Bank and Improving their Operational Efficiency e) Report of the Study Group to Frame Guidelines for follow up of Bank Credit f) Committee on PENAL Rates and Service Charges g) Working Group on Housing Finance h) Janakiraman Committeee on Securities Operations of Banks and Financial Institutions i) Goiporia Committee on Customer Service 3. Changing Dimensions of Regulatory and Supervisory Framework-I Lectures : 12 a) Regulatory Framework b) Supervisory Framework c) Regulatory and Supervisory Framework relating to Select All India Financial Institutions d) Role of Transparency in the functioning and Stability of Banks 4. Changing Dimensions of Regulatory and Supervisory Framework-II Lectures : 12 a) Asset Liability Management System in Banks b) Risk Management System in Banks c) Merchant Banking in the Indian Contest i) Security and Exchange Board of India Regulations ii) Regulatory Mechanism Recommend Books 1. Banking Theory and Practice, K. C. Shekhar, Lekshmy Shekhar, Vikas Publishing House Pvt. Ltd. 2. Banking Theory - Law and Practice - Gordon, Natrajan, Himalaya Publishing House 3. Banking Theory and Practice, Dr. P. K. Srivastava, Himalaya Publishing House, Mumbai 4. Introduction to Banking - Vijayragavan Iyengar, Excel Books R.B.I. Bulletin 7. Economic and Political Weekly 8. *****

4 M.Com. Part-II (w.e.f. June -2011) SEMESTER: III Specialization Paper :III 303 F) FINANCIAL MANAGEMENT ( ) Objectives To familiarising the students with the financial environment of business, especially the financial services To familiarising the students with the fund based and non-fund based financial services To refresh their knowledge about the long term and short term Capital market and money market instruments 1) Financial Services Meaning, Classification, Scope Fund-based and Non-Fund based Services, Significance, Need for financial innovation. 2) Leasing and Hire-purchase (a) Definition of Leasing, Type of Lease, Advantages & Disadvantages of Leasing, Structure and contents of lease agreement (b) Definition of Hire-Purchase, Legal position, Advantages & Disadvantages, Hire-purchase and Instalment sale, Hire-purchase and Leasing. 3) Mutual Funds a) Mutual funds: Meaning, Evolution, Importance of Mutual funds, Advantages, Growth in India, Types of mutual funds Schemes, b) Organisation of a Mutual fund, Regulatory aspects c) Risks associated with Mutual funds, Facilities made available to the investors by a Mutual fund, Factors to be considered by an investor while choosing a mutual fund scheme Lectures: 03 Lectures: 05 Lectures: 08 4) Merchant banking services a) Merchant banking; Meaning, Scope, Functions b) Set-up of merchant banking in India: Registration, issue Manager, c) Merchant banking in India & its Future prospects. 5) Venture Capital Meaning Features, Scope, Importance, Regulation by SEBI 6) Discounting, Factoring, and Forfaiting Meaning of Discounting, Meaning, Working, Types of Factoring, and benefits of Factoring, Meaning, Working, and benefits of Forfaiting, 7) Credit Rating a) Meaning, Evolution, Importance, Scope, Need, benefits & criticism of Credit rating b) Credit rating process & framework c) IPO rating d) Credit rating agencies in India & its regulations 8) Instrument in Capital and Money Market (Introduction only) (a) Equity, Preference Shares, Debentures / Bonds / Innovative Debt Instrument / Securities (b) Types of Money Market Instruments: Treasury bill, Certificate of Deposit, Commercial Papers (c) Collateralized Borrowings and Lending Obligation Lectures: 08 Lectures: 04 Lectures: 06 Lectures: 06 Lectures: 08

5 Books - 1. Management of Banking & Financial System by Paul Pearson 2. Merchant Banking & Financial Services by Dr. K Ravichandran - Himalaya 3. Indian Financial System by Dr. G. Ramesh Bapu, Himalaya Publishing House 4. Indian Economy by Datta & Sunderam, (2009), S.Chand &Company 5. The Indian Financial System Vasant Desai - Himalaya Publishing House 6. Financial Markets and Services by E. Gordon and Dr K. Natarajan - Himalaya Publishing House 7. Dynamics of Indian Financial System - by Preeti Singh - Ane Books 8. Financial Markets, Institutions and Services- by N. K. Gupta, Monika Chopra - Ane Books 9. Merchant Banking & Financial Services, Dr. K. Ravichandran, HPH

6 M.Com. Part-II (w.e.f. June -2011) SEMESTER: III Specialization Paper :IV 304 F) FINANCIAL MANAGEMENT ( ) Objectives To provide necessary inputs to the students in form of concepts, theories and financial management techniques related to capital expenditure / investment decisions. To focus on the practical and strategy aspects of capital expenditure decisions, which will equip the students to apply their skills and knowledge effectively in the future while dealing with capital expenditure decisions. To familiarise the students with the valuation of firm To enable the students to know the concept of cost of capital and capital structure with interrelation between them. Unit- 1: Time value of Money Lectures: 08 (a) Time value of money concept and relevance (b) Present value of Cash inflow and Cash outflow (c) Future value of Single Amount and Present Value of a Single Amount (d) Future value of Annuity and Present value of Annuity (e) Present value of Perpetuity (Practical problems based on the Time value of Money) Unit 2 : Capital Budgeting Decision Lectures: 14 (a) Nature and significance of Capital budgeting decisions (b) Types of Capital budgeting decisions Single proposal decision, Mutually exclusive proposals, Capital rationing decision (c) Techniques of capital budgeting (Investment Evaluation Criteria) Payback period, Average of Rate of Return, Net Present Value, Internal Rate of Return & Profitability Index Description and Merits & Demerits of each of these criteria- (Practical problems on Capital Budgeting Decision) Unit 3 Cost of Capital (a) Concept of Cost of capital Its significance Explicit cost of capital and Implicit cost of capital- (b) Cost of Redeemable Debt and Irredeemable Debt (c) Cost of Redeemable Preferences and Irredeemable Preferences shares (d) Cost of Equity Shares and Cost of Retained Earnings (e) Weighted average cost of capital (f) Weighted marginal cost of capital (Practical problems on the cost of capital) Lectures: 08 Unit 4 Financing Decisions Operating and Financial Leverage (a) Concept of Operating Leverage, Degree of Operating Leverage, (b) Concept of Financial Leverage, Degree of Financial Leverage, (c) Combined Leverage, Degree of Combined Leverage (Practical problems on the Leverage analysis) Lectures: 06 Unit- 5 : Capital Structure and Value of the Firm Lectures: 08 (a) Meaning of Capital Structure, and Optimum Capital Structure (b) Factors determining Capital structure (c) Capital Structure and Debt-Equity Ratio (d) EBIT-EPS Analysis and Capital Structure of a firm, EBIT-EPS Indifferent Point

7 (e) Concept of Value of a Firm (f) Net Income approach, Net Operating Income approach, Traditional approach, and Modigliani and Miller approach (Practical problems on Capital Structure and Value of the Firm) Unit -6: Dividend Policy (a) Issues in Dividend Policy Dividend payout; Stability of Dividend; Legal, Contractual, and Internal Constraints; Owners consideration; State of Capital market; Inflation Bonus Shares (b) Theory of Dividend Relevance: Walter Model, Gordon Model (c) Theory of Dividend irrelevance: Modigliani and Miller Hypothesis (Theory only) Lectures: 04 Books recommended - (a) Financial Management :Text and Problems by Dr J. K. Singh Dhanpat Rai & Co Pvt Ltd, Delhi (b) Financial Management by P. V. Kulkarni, B. G. Satyaprasad - Himalaya Publishing House (c) Fundamentals of Financial Management - Preeti Singh - Ane Books (d) Financial Management by Ravi M Kishor - Taxmann (e) Theory and problems in Financial Management - by M. Y. Khan, P. K. Jain - Tata McGraw Hill (f) Financial Management and Policy by R. M. Srivastava - Himalaya Publishing House (g) Financial Management by Prasanna Chandra -Tata McGraw Hill (h) Financial Management - Ravi M Kishor -Taxmann (i) Financial Management by M. Y. Khan,, P. K. Jain- Tata McGraw Hill (j) Financial Management by Brigham - Ehrhardt (k) Indian Financial System- by Bharti Pathak Pearson

8 M.Com Sem.II (w.e.f. June -2011) SEMESTER: III Specialization Paper :III 303 G) DIRECT & INDIRECT TAX LAWS ( ) 1. SPECIAL PROVISIONS APPLICABLE TO COMPANIES (12 Lectures) Definitions- Amalgamation 2(1B), Demerger 2(19AA), Losses in case of closely held company, Special Provisions for payment of tax by certain companies (115JB), Tax on distributed profits of domestic companies 115-O to 115Q. Problems on Assessment of companies. 2. ASSESSMENT OF PARTNERSHIP FIRMS (10 Lectures) Definition 2(23), Residential status, Rates of Tax, Assessment as a firm (Sec 184), Change in constitution (Sec 187), Succession of firm (Sec 188), Joint and several liability of partners for tax payable purpose, Dissolution of firm (Sec 189). Problems on assessment of Partnership Firms. 3. TDS PROVISIONS (8 Lectures) Tax Deducted at Source Introduction, Provisions pertaining to TDS from Salaries, Interest on Securities, Interest other than Interest on Securities, Payment to Contractors and Sub-contractors, Commission and brokerage, Rent and Fees for Professional and Technical Services. Duty of a person deducting tax, consequences of failure to deduct tax, TDS certificate, Furnishing statement of tax deducted and return. Tax Deduction Account Number. 4. INCOME TAX AUTHORITIES (8 Lectures) Definitions, Appointment, Jurisdiction of income tax authorities and Assessing officers, Power to transfer cases, Powers of income tax authorities 5. ASSESSMENT PROVISIONS (10 Lectures) Filing of returns, Submission of return through Tax Return Prepares, Filing of Return in Electronic form, PAN. Different types of assessment- Self Assessment, Inquiry before Assessment, Assessment u/s 143, Best judgment Assessment u/s 144. Time Limits for issue of notice, Time limit for completion of assessment.

9 M.Com Sem.II (w.e.f. June -2011) SEMESTER: III Specialization Paper :IV 304 G) DIRECT & INDIRECT TAX LAWS ( ) 1. SERVICE TAX (16 Lectures) Service Tax : Basic concepts, Exemptions and threshold limits, Valuation of Taxable Services, Payment of Service tax, Registration - Valuation Furnishing of Return. Taxable services- Banking Services and other financial services, Business auxiliary services, Management Maintenance and repair services, Telecommunication services, Renting of immovable property. 2. SALES TAX (16 Lectures) Central Sales Tax Act 1956 Important Terms and Definitions - Inter State Sale, Inter State Sale by Transfer of Documents, Sale outside the State, Goods, Dealer, Sale, Sale in the course of Import, Sale in the course of Export, State 11 relevant to Dealer, Determination of Taxable Turnover - Registration - Declared Goods - Rates of Central Sales Tax, Various forms used - On-line application for these CST forms. Assessment and Returns under CST Act. 3. CENTRAL EXCISE (16 Lectures) Central excise manual- Excise audit 2000 Central Excise (removal of goods at concessional rate of duty for manufacture of specified goods) Rules, 2001 Provisions applicable to Small Scale Industries (SSIs)

10 M.Com Sem.II (w.e.f. June -2011) SEMESTER: III Specialization Paper :III 303 H) E-commerce (Compute Application for Business) ( ) 1. Introduction to E-Commerce (14 Lectures) a. Traditional vs. e-commerce transactions b. E-Commerce: Concepts, Definitions, Benefits &Impact c. Classification of e-commerce: B2B, B2C, C2C, B2G,B2E d. Applications of ecommerce Electronic Catalogs &Auctions Electronic Banking Electronic Searching Education & Learning Electronic Marketing Electronic Supply Chain Management e-customer relationship management e. financial services Electronic Trading Call Center& BPO s etc. f. Internet and E-commerce g. Hardware and software requirements 2. E-commerce Models (14 Lectures) a. Native Content Based Models b. Native Transaction Models c. Transplanted Content based Models d. Transplanted Transaction based Models 3. Framework of e-commerce architecture a. Network Infrastructure (20 Lectures) LAN, MAN, WAN VPN TCP/IP Reference Model Domain Name Systems b. Information & Distribution Technology FTP Applications Electronic Mail WWW Server HTTP c. Networked Multimedia content Publishing Technology Information Publishing Web Browsers Multimedia Content4 d. Security & Encryption Computer Crime Importance of Security Sources of Technical Vulnerabilities Security Policy, Procedure & Practices

11 Site Security, Service Security, Transaction Security Firewalls Transaction Security Cryptography (Digital Signature): Public Key & Private Key Electronic Mail Security Security Protocol for Web Commerce e. Payment Services Concept of Payment System Third Party in e-commerce payment Online Payment System: Pre-paid & Post-Paid Systems f. Business Services Infracture g. Public Policy & Legal Infrastructure h. Electronic Data Interchange (EDI) EDI:Development, Standards, Components & Role Web enabled EDI. REFERENCE BOOKS: 1. E-commerce: Framework, Technologies & Applications Bharat Bhaskar Tata McGraw Hill 3 rd Edn 2. Electronic Commerce: a Managers Guide Ravi Kalakota - pearson 3. E-commerce - C.S.V. Murthy Himalaya Publications 4. E-Commerce -Greenstein and Feinman Tata McGraw Hill 5. Electronic Commerce Awad - Pearson 6. E-Commerce: The Cutting Edge of Business -Bajaj & Nag - TMH 7. E-Commerce-Mishra- Macmillan

12 M.Com Sem.II (w.e.f. June -2011) SEMESTER: III Specialization Paper :IV 304 H) Software Engineering & Project Management (Compute Application for Business) ( ) 1. Introduction to Management (02 Lecture) 2. Software Engineering Process, SW Engineering Project Management (03 Lecture) 3. System Concept: Definitions, Types, Characteristics of system (02 Lecture) 4. Software Engineering: Definition (03 Lecture) 5. Role of Software Engineer / System Analysts / Users in the various phases of Systems Development Life Cycle (02 Lecture) 6. Phases of SDLC (03 Lecture) 7. Software Process Models: Waterfall Model, Spiral Model, Prototyping, RAD, Component based Model, Object Oriented, 4GL, WebE Process Model (02 Lecture) 8. Planning a Software Engineering Project, Software Cost and Size estimation. (03 Lecture) 9. Organizing a Software Engineering Project, Staffing a Software Engineering Project (02 Lecture) 10. Requirement Engineering, Requirement Elicitation Process, Documenting Software Requirement Specifications, Process Modeling Data Flow Diagrams, UML (04 Lecture) 11. Software design (02 Lecture) 12. Documentation Techniques- System Flow Charts, Functional Decomposition Diagrams, Structured Flow Charts (N-S Diagrams), Logic Representation Techniques - Decision Trees, Decision Tables, Pseudo code and Structured English (05 Lecture) 13. Users Interface Design: Menu, Screen and Report Layout Designing (02 Lecture) 14. Data Codification Schemes, Designing Code-less systems (03 Lecture) 15. Software design and implementation: Functional/process oriented design, bottom up design, Object oriented Design (02 Lecture) 16. Implementation strategies -top-down, bottom-up, testing and debugging (03 Lecture) 17. Introduction to Computer Aided Software Engineering (CASE) (02 Lecture) 18. Introduction to Reverse Engineering (02 Lecture) References: 1. Software Engineering Project Management, Thayer, 2 nd Edition, Wiley Student Edition 2. Software Engineering Practitioner s Approach Roger Pressman, McGraw-Hill H.E. 3. Software Engineering, 6th Edition., Ian Sommerville, Addison Wesley, 4. Systems Analysis and Design Elias Awad