MFC SECOND SEMESTER

MFC(MBA) 2ND Semester Programme (Under CBCS Semester System)

Regulations & Syllabus With effect from 2018 Admission Batch

UTKAL UNIVERSITY
VANI VIHAR, BHUBANESWAR

COURSES OF STUDIES FOR MFC(MBA) FIRST SEMESTER PROGRAMME (Effective from 2018 Admission Batch)

SL.NO	COURSE NAME
1	Management of Financial Institutions (MFI)
2	Accounting for Managerial Decisions (AMD)
3	Risk and Insurance Management (RIM)
4	Investment Analysis & Equity Research (IAER)
5	Merchant Banking and Financial Services (MBFS)
6	International Business (IB)
7	Mutual Fund & Portfolio Management (MFPM)
8	Research Methodology & Business

MANAGEMENT OF FINANCIAL INSTITUTIONS

UNIT-I

Introduction: Financial Intermediaries and their Economic functions, Efficiency and stability of the financial institution – Role of financial regulations – Measuring the efficiency if Financial Intermediaries, Challenges before the financial institutions.

UNIT-II

Management of Capital and Liabilities: Risk based Capital Standards – Composition of bank capital-Basel Norms, Bank Liabilities- Composition – Funding costs and Banking risk.

UNIT-III

Management of Loans and Investment: Lone Management – Principles of sound bank lending – Credit analysis and pricing of Commercial lone, management of Non – performing Assets. Investment Management – Objectives of Investment portfolio – Risk vrs Returns Characteristics – Investment strategies.

UNIT-IV

Management of Income and liquidity: Income determination – Structure of Income and Expenditure – Allocation of Income – Determining factors of Income allocation.
Liquidity – Sources of Liquidity – Asset vs. liability liquidity – Estimation of liquidity needs and liquidity management theories – Management of primary Reserve and Secondary reserves – Problems of liquidity management.

UNIT-V

Strategic Management: Management of risk exposures, Corporate Governance in Banks, Commercial Banks and Inclusive growth.

Reference:-

1. Srivastava R.M and Nigam Divya “Management of India Financial institutions” Himalaya Publishing House 2. Altman, Edward :Handbook of Financial Markers and Institutions” Wiley New York 3. Fabozzi, Frank J & Franco M. G “financial Markets and Institutions” prentice hall of India [14] 4. Reed, Edward W “Commercial Bank Management” Harper and Row New York 5. Robicheck A.A. Coleman A.B and Hempal G.H “Management of Financial Institutions – Notes and Cases” Dryden press 6. Grosse H.D “Management policies of Commercial Banks” prentice Hall Inc 7. Roland, Robinson “Financial Intuitions” Richard D Irwin Inc Homewood IIIenois 8. Bradley, S P and Dnignt B.C “Management of Bank Portfolio” John Wiley and Son Inc 9. Cooper S.K & Fraser D.R “The Financial Market Place” Addison- Wiley Publishing Company 10. Levison marc “Guide to financial Markers” The Economists 11. Rose and Fraser “Financial Institutions” Business Publications Inc 12. Jadhav Narendra “Challenges to Indian Banking: Competition, Globalisation and Financial Markets” McMillan India 13. Ploakofff, Murray E. ET al “Financial Institutions and Markets” Houghton Mifflin co 14. Hempel, George H & Yawitz, Jess B: Financial Management of Financial Institutions” Englehood Cliffs. NY 15. Panl Nadler “Commercial Banking in the Economy” Random House NY 16. Cross Howard & Hempal George “The Management of Bank Funds” Englewood Cliffs Prentice Hall 17. Lyon, Roger A “Management Policies Management in a Commercial Bank” Rutgers University Press 18. Crosse Howard “Management Policies for Commercial Banks” Prentice Hall Inc 19. Fabozzi, Modigliani, jones & Ferri “Foundations of Financial Markers and Institutions” Pearson Education.

ACCOUNTING FOR MANGERIAL DECISIONS

UNIT-I

Introduction: Management Accounting as an area of accounting : Objectives, nature, and scope of Cost Accounting, and Management Account; Management Accounting and managerial decisions; Management accountant’s position, role, and responsibilities. Cost Classification: Statement of Costs, Cost Ascertainment, Job order Cost System and Process Cost system.

UNIT-II

Marginal Costing and Break: Even Analysis: Concert of Marginal Cost; and Absorption Costing; Cost –volume-profit analysis; break-even analysis; Decisions regarding sales-mix, make or buy decisions and discontinuation of a product line, etc

UNIT-III

Budgeting: Meaning and Importance, Essentials of budgeting; Types of Budgets-Functional, master, etc; Fixed and Flexible budget; Budgetary control; Zero-base budgeting; Performance budgeting.

UNIT-IV

Standard Costing and Variance Analysis: Standards costing as a control technique; Setting of standards; Variance analysis-meaning and importance, kinds of variance and their uses – materials, labour and overhead variance. Responsibility Accounting: meaning and significance of responsibility accounting; Responsibility centers–cost center, profit center and investment center; Performance measurement of responsibility centers.

UNIT-V

Activity-Based Costing; Reporting to Management: Balanced Scorecard.

References:

1. Horngren Charles T, George Foster and Srikanta M. Dattar: Cost Accounting: A Managerial Emphasis, Pearson 2. Banerjee, B. Cost Accounting, PHI 3. Jawahar Lal, Cost Accounting, Tata McGraw 4. Horngren, C.T.Gary L. Sundem and William O. Stratton: Introduction to Management Accounting, Pearson 5. Khan, M.Y. and Cost accounting, Tata McGraw 6. Maheswari, S.N. Principles of Cost Accounting: Sultan Chand 7. Lall, B.M. and I.C. Jain: Cost Accounting: Principles and Practice PHI 8. Pandey, I.M. management Accounting, Vani 9. Kaplan, Management Accounting, PHI. 10. Kishor, R.M.Cost and management Accounting, Taxman 11. Druru,C, Management and Cost Accounting, Thomson. 12. Shukla, Grewal & Gupta, Cost Accounting, S. Chand

RISK AND INSUFANCE MANAGEMENT

UNIT-I

Basic Concepts of Risk management and Insurance: Meaning of risk, Basic categories of risk, methods of dealing with risk; Meaning and objective of risk management; Concepts and features of insurance; Types of insurance contract and fundamental principles of insurance; Cost benefit of insurance to the society.

UNIT-II

Insurance Regulatory Act, 1999 and insurance Marker: IRDA Act 1999, Meaning, Objectives, Duties, Powers and Functions of Authority, Globalization of Indian Insurance, Privatization and Challenges before the Insurance Industry, Need for Reforms and Reforms Strategy.

UNIT-III

Life Insurance: Definition, Features and Principles of Life insurance, Procedure for taking a policy, Policy conditions, Premium Plans, Calculation of Premium, Settlement of Claims.

UNIT-IV

Fire and marine Insurance; Principles, Policy conditions, Types of policies, Clauses and factors of Marine Insurance, Settlement of claims (Both Fire and marine Insurance)..

UNIT-V

Re-Insurance and Investment: General Features, Common terms, Features and Objects, Right and Liabilities of Re insurance, principles of Re-insurance, Methods. Investment: Investment Principles, Types, Legal and Social aspect of Investment, Policies of Insurance Companies.

References:

1. Arif khan, “Theory and Practice of Insurance” Educational Book house.
2. Sharma R. S, “Insurance Principles and practice” Vora, Delhi.
3. Greene and Trieschemann, “Risk insurance” South Western Publishing Co..
4. Grieder and Beadles, “Principles of Insurance”
5. Mishra M.N. “Insurance Principles & Practice” S Chand.
6. Palande, Shah & etc “Insurance in India” changing policies & Emerging Opportunities, Response Books.
7. Study material of Insurance Institute of India, Bombay.
8. Gangly Anand “Insurance Act” New Age International Publication.
9. Insurance Law manual, taxman, Delhi.
10. Holyake, “Insurance Management”, AITBS Publication.
11. Darfman, Introduction to Risk Management and Insurance.
.

INVESTMENT ANALYSIS AND EQUITY RESEARCH

UNIT-I

Elements of Investment: Meaning and Objective of Investment, Investment Vs Speculation Vs. Gambling, Approaches to Investment Decision Making, Risk In Investment, Investment Alternatives. Non-Marketable Financial Assets, Non-Financial Assets, Bonds, Equities and Hybrid investments.

UNIT-II

Securities Marker: Primary Equity Marker, Secondary Equity Marker, trading and Settlement, buying and Selling of Shares, Stock Marker Indices Depositories.

UNIT-III

Fundamental Analysis: Economic analysis, Industry analysis and Company analysis.

UNIT-IV

Technical Analysis: The Dow Theory, Different Charting Techniques, Technical Indicators. Efficient Market Analysis: Weak, Semi string and marker, Testing of Different forms of Market, Efficiency and their significance.

UNIT-V

Bond Valuation: Bond Characteristics, Risk in Bond, Bond prices and Bond Yields Duration. Equity Valuation: Balance sheet Valuation, Dividend Discounting Models.

References:

1. Agarwala, K.N and Deeksha Agarwala: Bulls, Bears and The Mouse, Macmillan.
2. Cheney, J. and E. Muses: Fundamentals of Investments, Paul, New York. PHI . Chand
3. Clark James Fransis: Investment Analysis and Management, McGraw Hill,
4. Dalton John M: How the Stock markers works, Prentice Hall Delhi.
5. Domodran: Investment Valuation, John Wiley, New York.
6. Palande, Shah & etc “Insurance in India” changing policies & Emerging Opportunities, Response Books.
7. Fischer Donal E. and Ronald J. Jordan: Security Analysis and Portfolio Management,
8. Gangly Anand “Insurance Act” New Age International Publication.
9. Kevin S: Portfolio Management, Prentice Hall, New Delhi.
10. Machi raju H.R.: Working of Stock Exchanges in India; Wiley Eastern Ltd.; New Delhi.
11. Merbert B. Mayo: Investments, Fryden Press.
. 12. Sharpe William F. Gordon J. Alexander and Jeffery j Bailey Investments, prentice Hall.
13. Smith Richard D: Profit Investments, West Publishing Company.
14. Chandra, P. Investment Analysis and Portfolio Management.
15. Kelvin, Security Analysis and Portfolio Management .
16. Bhalla V. K. Investment, S.