Sybfm Syllabus 2023-24

SVKM’s
NARSEE MONJEE COLLEGE OF COMMERCE &

ECONOMICS (AUTONOMOUS)
Program: B.Com(FINANCIAL MARKETS) Semester: III

Course: MANAGEMENT ACCOUNTING Course Code:
Teaching Scheme Evaluation Scheme

Tutori Semester End
Lecture Practical al Continuous
Credit Examinations (SEE)
(Hours per (Hours (Hours Assessment (CA)
(Marks- 75
week) per per (Marks - 25)
week) in Question
week) Paper)
4 4 25 75
Learning Objectives:
• To familiarize with the concept of Management Accounting, Analysis and interpretation of Accounts
• To make students aware about Ratio analysis and interpretation based on Vertical financial Statements
• To make students aware of Cash flow Statements & Working Capital Concept.
Course Outcomes:
After completion of the course, learners would be able to:
• Understand the Role of Management Accounting in decision making
• Understand the Ratio analysis and interpretation.
• Understand the Preparation of cash flow statements with reference to Accounting Standard No 3.
• Understand the Estimation of working capital requirements.
Outline of Syllabus: (per session plan)
Module Description No of Hours

1 Introduction to Management Accounting and Analysis of Financial Statements 15
2 Ratio analysis 15
3 Cash Flow Statements 15
4 Working Capital and Marginal Costing 15
Total 60
PRACTICALS
SVKM’s NARSEE MONJEE COLLEGE OF COMMERCE &
Module Topic No. of

Hours/Credits
Module I Introduction to Management Accounting and Analysis of

Financial Statements
Meaning, nature, scope and functions of Management
accounting- Role of Management Accounting in decision
making- Management accounting and Financial Accounting.
Vertical form of Balance sheet and Profit & Loss account 15
suitable for analysis Trend Analysis Comparative Statements,
Common size statement, Simple problems based on the
above.
Module Ratio analysis
II
a) Balance sheet Ratios Current Ratio Liquid Ratio Stock
Working capital Ratio Proprietary Ratio Debt Equity Ratio 15
Capital Gearing Ratio
b) Revenue Statement Ratios Gross Profit Ratio Expenses
Ratio Operating Ratio Net Profit Ratio Stock Turnover Ratio
c) Combined Ratios Return on Capital Employed (including
long term borrowings) Return on Proprietor’s Fund
(shareholders’ fund and Preference Capital) Return on Equity
Capital Dividend Payout Ratio Debt Service coverage Ratio
Debtors Turnover Ratio Creditors Turnover Ratio
d) Sector-specific ratios: Ratios relating to specific sectors
Module Cash flow Statements

III
Preparation of cash flow statements with reference to
Accounting Standard No 3 – Indirect Method Only 15
Module Working Capital and Marginal Costing

IV
Working Capital- Concept, Estimation of working capital
requirements in case of trading and manufacturing 15
organisations.
Recent developments in the subject
Introduction to marginal costing, Advantages and limitations of
marginal costing, Cost Volume and Profit Analysis, Break even
analysis meaning and graphic presentation, Margin of safety,
Key factor and decisions based on key factor
Evaluation Pattern
The performance of the learner will be evaluated in two components. The first component
will be a Continuous Assessment with a weightage of 25% of total marks per course. The
second component will be a Semester end Examination with a weightage of 75% of the total
marks per course. The allocation of marks for the Continuous Assessment and Semester end
Examinations is as shown below:
Details of Continuous Assessment (CA)

25% of the total marks per course
Continuous Assessment Details Marks
Component 1 (CA-1) Assignment/ 15 marks
Presentation
Component 2 (CA-2) Test 10 marks
Details of Semester End Examination

75% of the total marks per course. Duration of examination will be two and half hours.
Description Marks Total Marks
1 Practical Question (Compulsory) and if 15 15

required may be divided in to 8 and 7 marks
Practical Questions (Attempt Any 3 out of 4)-

2,3,4,5 Each Question Carries 15 Marks and if required 45 45
may be divided in to 8 and 7
Marks
6 Short Notes or Concept Testing Questions

(Any 3 out of 4 & 5 marks each) 15 15
Total Marks 75
Suggested reading:-
- Cost & Management Accounting by Ravi N.Kishor ,Publication Taxmonth

- Essential of Management Accounting by P.N.Reddy,Himalaye
- Advanced Management Accounting by Robert S Kailar,Holl
- Financial Of Management Accounting by S.R.Varshney,Wisdom
- Introduction of Management Accounting by Charbs T Horngram, PHI Learnng

Course: EQUITY MARKETS Course Code: To be generated

Tutori Semester End
Lecture Practical al Continuous Examinations (SEE)
(Hours per (Hours per (Hours Credit Assessment (CA) (Marks- 75 in
week) week) per (Marks - 25) Question Paper)
week)
4 4 25 75
• To familiarize with the concept of Equity Markets: Primary Market &Secondary Market
• To make students aware about Importance of Equity Markets in developing country like India
Course Outcomes:
• Understand the Growth of Corporate Sector and the simultaneous growth in the number of equity
shareholders, Separation of ownership and management in companies
• Understand the Book Building, Offer for sale, Role of Merchant bankers in fixing the price, Red – Herring
Prospectus – it’s unique features, ASBA and its features
• To understand the Evolution and Growth of Stock Exchanges in India, NSE, BSE, SME Exchanges and
Overseas Stock Exchanges, Recent Development in Stock Exchanges
• To understand the need for strengthening secondary markets, Link between Primary Market and
Secondary Market.

1 Equity Markets- Introduction 15
2 Primary and Secondary Markets 15
3 Valuation of Equities 15
4 Dealings in Stock Exchanges 15
Total 60
PRACTICALS
Unit Topic No. of

Hours/Credits
Unit I Equity Markets- Introduction
Meaning and Definition of equity shares, Growth of
Corporate Sector and the simultaneous growth in the
number of equity shareholders, Separation of ownership and
management in companies, Development of equity culture 15
in India- Current position
Disinvestments, FDI & Foreign Portfolio Investment (FPI)
Unit II Primary and Secondary Markets
Primary Market: IPO - Methods followed, Book Building,
Offer for sale, Private placement, Role of Merchant bankers 15
in fixing the price, Red – Herring Prospectus – it’s unique
features, ASBA and its features, Green Shoe option, Sweat
equity, ESOP, Rights issue of shares, Non voting shares, ADR,
GDR, IDR
Secondary Market: Definition and functions of stock
Exchanges, Evolution and Growth of Stock Exchanges in
India, NSE, BSE, SME Exchanges and Overseas Stock
Exchanges, Stock Market Indices
Unit III Valuation of Equities
Factors affecting Share Prices, Balance sheet valuation,
Dividend discount model (zero growth, constant growth &
multiple growth), Price earning model, Fundamental 15
Analysis- Economy, Industry and Company Model, Macro
Economic factors, Market related factors
Unit IV Dealings in Stock Exchanges
Role of Brokers, Stock Market Quotations, Procedure for

buying & selling, BOLT - On Line Trading/ NEAT System,
Clearing & Settlement, Order Matching 15
Evaluation Pattern
25% of the total marks per course:

Component 1 (CA-1) Assignment/Presentation 15 marks

75% of the total marks per course. Duration of examination will be two and half hours
Question Description Marks Total Marks

Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16
A) Case Study/Application Based

5 question (05) 11 11
B) Short Notes (Any 2 out of 3) (06)
Total Marks 75
Suggested reading:-
- Equity Markets in India- Shveta singh & P K Jain
- Equity and Debt Markets- Hardeep Kaur
- An Introduction to Equity Markets- David Dasey

Course: DEBT MARKET Course Code:

Tutori
Semester End
Lecture Practical al Continuous Assessment
Examinations (SEE)
(Hours per (Hours per (Hours Credit (CA)
(Marks- 75 in
week) week) per (Marks - 25)
Question Paper)
week)
3 3 25 75
• To gain an understanding of debt market its evolution
• To understand the role and functions of different players in the debt market
• To understand the importance of Bond, types of bonds its ratings and relevance of rating agencies To
understand the importance of bond valuation its calculation
Course Outcomes:
• The students will be able to understand the difference between equity market & debt market
and its various instruments
• The students will know the importance of different players and their functioning
• The student will be able to identify different types of bonds, the process of rating agencies ,
benefits of rating
• The student will be able to calculate bond value i.e Present value & Future Value

1 Introduction to Debt Market 07
2 Instruments & players in debt markets and Central Government Securities 08
3 Bond Market Instruments 15
4 Valuation of Bonds 15
Total 45
PRACTICALS
Unit Topic No. of Hours/Credits
1 Introduction to Debt Market
Evolution of Debt Markets inIndia

Primary market & secondarymarket
Money market & Debt Market in India Fundamental
features of debt instruments 07
Regulatory framework in the Indian debt market
2 Instruments & players in debtmarkets
Central government securities
Bonds, T-bills, state government bonds, Open market

operations Securities Trading Corporation of India
Primary dealers in Government Securities
Clearing Corporation of India 08
3 Bond Market Instruments
Features of bonds Types of bonds Issuers of

bonds
Bond ratings- importance &relevance and rating 15
agencies.
Bond portfolio ManagementStrategies
4 Valuation of Bonds
Determinants of the value of bonds

Duration & Convexity Valuation & Analysis of fixed
Income Securities 15
Bond Mathematics
Yield Curve Analysis
Evaluation Pattern
second component will be a Semester end Examination with a weightage of 75% of the
total marks per course. The allocation of marks for the Continuous Assessment and
Semester end Examinations is as shown below:



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Essential Readings:
1. Bhardwaj, Gautam, (2008), The Future of India’s Debt Market, TataMcGraw Hill
2. Suryanarayan, (2002), Debt Market, ICFAI Publication Press
Supplementary Readings
1. Fabozzi, Frank, (2004),Fixed Income Analysis Workbook, 2nd edition ,John
Wiley & Sons
2. Dun and Bradstreet, (2008), Fixed Income Securities, Tata McGrawHil

Course: BUSINESS LAW Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
• To understand different business law such as contract, Company Act etc.
• To learn specific laws such as SARFESI and IBC
• To learn about cyber laws applicable to business
Course Outcomes:
• Learner will learn about common business laws applicable to all types of organization
• Learner will have basic legal knowledge
• Learner will be able to implement legal knowledge for day to day transactions in business

1 Indian Contract Act Indian Contract Act 1872 15
2 Indian Companies Act, 2013 15
3 Elements of Information Technology Act 15
4 Securitization & Reconstruction of Financial Assets and Enforcement of Security 15
Interest Act(SARFAESI) 2002 and Insolvency and Bankruptcy Code, 2016
Total 60
1 Indian Contract Act Indian Contract Act 1872
Definitions (S.2): Agreement, kinds of Agreements,

Contract- kinds of contracts: Valid, Void, Voidable,
Contingent and Quasi Contract and E contract, distinguish
between Agreement and Contract. Offer or Proposal-
definition, Essentials of Valid proposal or offer, counteroffer,
Standing or open offer, distinguish between offer and
invitation to offer, Acceptance-definition, Essentials of a
valid acceptance, Promise, Communication of Offer and
acceptance and Revocation. Capacity to contract (Ss.10-12), 15
Consent and Free Consent (Ss.13-22) Consideration (S.2 and
25) and Void Agreements (Ss.24-30)
Special Contracts: ((Meaning, parties and essentials)
Law of Indemnity and Guarantee Law of Bailment and

pledge, Law of Agency
2 Indian Companies Act, 2013
a) Company and its formation :
Definition and Nature of Company, Advantages and

Disadvantages of a Company, Lifting of Corporate Veil with
cases, Promoters and preliminary contracts(S.92-93), Types
of Companies (Meaning and Concepts Only), Documents and
procedure for Incorporation of Company, Effect of
Incorporation.(S.9)
b) Membership of a company :
15
Who can become member, Modes of acquiring membership,
Cessation of membership, Rights and Liabilities of members.
c) Memorandum of Association and Articles of Association :
Meaning, Concept, Clauses, effects of Memorandum and

articles, Doctrine of Ultra Vires, Doctrine of Indoor
Management, and Doctrine of Constructive Notice.
d) Prospectus.
Meaning (S.2), When to be issued, When not required,

Various kinds of prospectus, Legal framework for issuance of
Prospectus, Contents of Prospectus, Private Placements.
e) Classification of Directors, Women directors, Independent

Director, Small shareholder’s director, Disqualification of a
director, Director Identification Number, appointment, Legal
position, Powers and Duties, Position of director as key
Managerial Personnel, Managing Director, manager.
f) Meetings :
Various types of meeting of shareholders and board,

Convening and Conduct of meetings, Postal Ballot, Meetings
through Video Conferencing, E-voting.
3 Elements of Information Technology Act
Cyber laws; Scope of Cyber Laws; Classification of Cyber

Crime; Digital Signature, Electronic record and E governance,
Data protection, Information Technology Act 2000; 15
Regulation of Certifying Authorities; Adjudication
4 Securitization & Reconstruction of Financial Assets and

Enforcement of Security Interest Act(SARFAESI) 2002
Objectives-Terms-process-registration-acquisition-assets
reconstruction-takeover management-offences and
penalties-authorities.
Insolvency and Bankruptcy Code, 2016
• Insolvency and bankruptcy comparison

• Legal framework for insolvency and bankruptcy in
India (Background)
• Objectives, structure and applicability, features of 15
Code
Institutional framework and important terms under Code
Evaluation Pattern
The performance of the learner will be evaluated in two components. The first component will
be a Continuous Assessment with a weightage of 25% of total marks per course. The second
component will be a Semester end Examination with a weightage of 75% of the total marks per
course. The allocation of marks for the Continuous Assessment and Semester end Examinations
is as shown below:



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Essential Readings:
1. T P Ghosh on Companies Act 2013: T P Ghosh: Taxmann
2. Suryanarayan, (2002), Debt Market, ICFAI Publication Press
Supplementary Readings
1. E Book by Institute of Company Secretaries of India
Program: B. COM. (FINANCIAL MARKETS) Semester: III

Course: MARKETING OF FINANCIAL SERVICES Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
3 3 25 75
- To understand different financial services
- To understand different aspects of service marketing and crucial role of employees of service provider
- To understand new trend of E-marketing
Course Outcomes:
- Learner will understand different associations and criteria related to service marketing
- Learner will learn new e-marketing tools applicable to financial service industry
- Learner will learn particulars related to marketing of financial services

1 Foundation of services marketing 12
2 Services Market Segmentation 11
3 Issues in Marketing of Services 11
4 Customer Satisfaction & Service Quality in Service Marketing 11
Total 45
Module 1 Foundation of services marketing
Foundation of services marketing – Introduction – The 12

services concept – Service Industry – Nature of Service,
Characteristics of Services, Classification of Services –
Importance of Services Marketing – The Growth in
Services – Global and Indian Scenario, Retail Financial
Services: Investment Services – Insurance Services, Credit
Services – Dimensions and drivers, Institutional Financial
Service, Distinctive Characteristics of Services _ Four I’s
of Services – Intangibility, Inconsistency, Inseparability
and Inventory, Managing Service Encounters.
Module 2 Services Market Segmentation
Services Market Segmentation – Positioning and 11

Differentiation of Services, Promotion and Communication –
Designing and Managing Service Processes, Constructing
and Service Environment – Managing People for Service
Advantage – Service Quality and Productivity – Customer
Relationship Management Customer Loyalty.
Module 3 Issues in Marketing of Services
Issues in Marketing of Services – Extended Services 11

Marketing Mix : Going Beyond the 4 Ps. (7Ps of Services
Marketing). Service Delivery Process – Service Blueprints -
Service Mapping – Managing Employees for service
orientation. Distribution Strategies of Services –
Challenges in Distribution of Services. Personal Selling –
Advertising and Sales Promotion in Service Industry.
Module4 Customer Satisfaction & Service Quality in Service

Marketing
Customer Satisfaction & Service Quality in Service 11
Marketing – Service Encounter – Role of HR & Internal
Marketing – Monitoring and Measuring customer
satisfaction, GAP Model – Handling complaints
effectively – Service Failure – Recovery, Use of Internet in
Service Marketing, Role of IT in marketing Financial
Services, Ethics in Marketing, New trends in marketing,
Marketing in 21st Century, Marketing through social
networking channels
Evaluation Pattern
is as shown below:



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Suggested Readings
1. Financial Services by Gordon and Natrajan
2. Marketing Management Dr. Amit Kumar
3. Marketing Financial Services: Christine Ennew, Trevor Watkins Mike Wright:
Routledge
Program: B. COM. (FINANCIAL MARKETS) Semester: III

Course: FOREIGN EXCHANGE MARKETS Course Code:
Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
- To familiarize with the concept of Foreign Exchange Market &Indian Foreign Exchange Market
- To make students aware about Operational aspects of foreign exchange market and foreign exchange
contracts & Foreign Exchange Arithmetic and Risk Management
Course Outcomes:
- Understand the Foreign Exchange Market &Indian Foreign Exchange Market
- Understand the Operational aspects of foreign exchange market and foreign exchange contracts &
Foreign Exchange Arithmetic and Risk Management.

1 Foreign Exchange Market: An Introduction 08
2 Introduction to Indian Foreign Exchange Market 12
3 Operational aspects of foreign exchange market and foreign exchange contracts 20
4 Foreign Exchange Arithmetic and Risk Management 20
Total 60
PRACTICALS
Module 1 Foreign Exchange Market: An Introduction
FOREX trading volume, FOREX trading locations, Details 08

about major traded currencies, Evolution of foreign
exchange ,Market and Foreign Exchange System Market
Participants: Banks and Financial Institutions, Merchants,
other customers, speculators and hedgers, Central Bank,
Forex dealers and market makers and brokers, FOREX –
trading and SWIFT Robots
Module 2 Introduction to Indian Foreign Exchange Market
FOREX market in India: A historical perspective FERA Vs. 12

FEMA, Pre-liberalization Exchange Rate Regime in India and
Hawala market, Brief introduction to currency convertibility
in current and Capital account.
Module 3 Operational aspects of foreign exchange market and
foreign exchange contracts
a) Floating Rate, Currency Boards &Currency Basket 20
Systems, Brief review on various exchange rate regime,
Advantages of free and Fixed Exchange Rate regime, Pros &
Cons of managed floating exchange rate regime, Prevalence
of Currency Boards Regime, Practice of Currency Basket
Regime.
b) Foreign Exchange Contracts: Spot and Forward Contracts
Cash, Spot trading Trade Date, Settlement PR date Spot
trading roll over mechanism. Foreign Exchange Forward
contracts, Fixed Maturity Contract, Partially Optional
Contract, Fully Optional Contract, Non-Delivery Forward
Contracts, Foreign Exchange Futures Contract, Different
Dimensions of Foreign Exchange Future, Contract
specification trading at National Stock Exchange of India
Module4 Foreign Exchange Arithmetic and Risk Management
Types of Exchange Rates Direct Rate, Indirect Rate and Cross 20
Rate Arbitrage- Geographical and triangular Interest Rate-
spot Contracts, forward contracts and SWAP Points Risk
Management in Foreign Exchange Market- Need and
importance of foreign exchange management methods
adopted (Spot and forward, arbitrage, cross currency deals,
SWAPS, options and futures
Evaluation Pattern
is as shown below:



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Suggested Readings
1. Foreign Exchange Market- Dun and Bradstreet
2. A Manual of Merchant Banking: J.C.Verma : Bharath Publishing
House, New Delhi,
Program: B. COM. (FINANCIAL MARKETS) Semester: IV

Course: RESEARCH METHODOLOGY Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
3 3 25 75
- To familiarize with the concept of Fundamentals of Research & defining the research problem
- To make students aware about importance and types and Formulation of hypothesis and testing of
hypothesis
- To update students on the sources of Primary and Secondary data
Course Outcomes:
- Understand the concept of Fundamentals of Research & defining the research problem
- Understand the importance and types and Formulation of hypothesis and testing of hypothesis.

1 Introduction to Research 12
2 Research Process 11
3 Data Processing and Statistical Analysis 11
4 Interpretation and Report Writing 11
Total 45
PRACTICALS
Module 1 Introduction to Research
• Features and Importance of research in business, 12

Objectives and Types of research- Basic, Applied,
Descriptive, Analytical and Empirical Research.
• Formulation of research problem, Research Design,
significance of Review of Literature
• Hypothesis: Formulation, Sources, Importance and Types
Sampling: Significance, Methods, Factors determining
sample size
Module 2 Research Process
• Stages in Research process 11

• Data Collection: Primary data: Observation,
Experimentation, Interview, Schedules,
Survey,
• Limitations of Primary data
• Secondary data: Sources and Limitations,
• Factors affecting the choice of method of data collection.
Questionnaire: Types, Steps in Questionnaire Designing,
Essentials of a good questionnaire
Module 3 Data Processing and Statistical Analysis
Formulation of hypothesis and testing of hypothesis. 11

Chi-square test, Correlation Co-efficient, Regression analysis.
Sampling:- Meaning, Sample and sampling, essentials of
good sample. Sample size, methods of sampling:-
a) Probability sampling - cluster sampling, stratified
sampling, multi stage sampling.
b) Non- probability sampling:- Purposive sampling, Quota
sampling, Convenience sampling.
Module4 Interpretation and Report Writing
a. Data processing – Tabulation, Data analysis and 11
Interpretation
b. Research Report Writing: Importance, Essentials,
Structure/ layout & Types
c. Recent developments in the subject
Evaluation Pattern



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16
C) Case Study/Application Based

5 question (05) 11 11
D) Short Notes (Any 2 out of 3) (06)
Total Marks 75
Suggested Readings
1. Research Methodology C R Kothari
2. Research Methodology: A Step-by-Step Guide for Beginners –
Ranjit Kumar
3. Marketing Research : An Applied Orientation by Naresh K. Malhotra and
Satyabhusan Das, Pearson Education; Seventh edition
4. Research Methodology D R Kothari
5. Research Methodology: A Step-by-Step Guide for Beginners –Ranjit
Kumar
Program: B.Com(FINANCIAL MARKETS) Semester: IV

Course: CORPORATE FINANCE Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
• To familiarize with the concept of Corporate Finance &corporate Financial Activities
• To make students aware about Capital Structure & Sources and Methods of Raising Corporate Finance.
Course Outcomes:
• Understand the concept of Corporate Finance &corporate Financial Activities
• Understand the Capital Structure & Sources and Methods of Raising Corporate Finance..

1 Corporate Finance- an overview 8
2 Planning the corporate Financial Activities 12
3 Capital Structure 20
4 Sources and Methods of Raising Corporate Finance 20
Total 60
PRACTICALS
Unit I Corporate Finance- an overview
Function of Finance in a business enterprise, Emergence of

corporate finance as an integral part of business finance,
Need for professional approach in managing corporate
finance, Role and functions of a Corporate Financial 08
Manager, Requirements of an efficient Corporate Financial
Manager
Unit II Planning the corporate Financial Activities
Theories of Capitalisation, Owned Capital and borrowed 12

Capital- Cost of Capital, Break even analysis.
Unit III Capital Structure
Meaning and Definition of Capital structure, Factors

affecting Capital structure- trading on equity, Watered
Capital, over capitalization and under capitalization NPV, 20
IRR, DCF analysis and pay back period
Unit IV Sources and Methods of Raising Corporate Finance
Types and features of corporate securities currently

available, Management of new issues including pricing of
securities, Role of commercial banks and investment banks
in financing the corporate sector, Leasing as method of 20
corporate finance, Recent developments in the subject
Evaluation Pattern

25% of the total marks per course
Component 1 (CA-1) Assignment/ 15 marks
Presentation

75% of the total marks per course. Duration of examination will be two and half hours.
Description Marks Total Marks
1 Practical Question (Compulsory) and if 15 15

required may be divided in to 8 and 7 marks
Practical Questions (Attempt Any 3 out of 4)-

2,3,4,5 Each Question Carries 15 Marks and if required 45 45
may be divided in to 8 and 7
Marks
6 Short Notes or Concept Testing Questions

(Any 3 out of 4 & 5 marks each) 15 15
Total Marks 75
Essential Readings:
1. Financial Management – R.P.Rustagi

2. Corporate Finance, 12th Edition by Stephen A. Ross

Course: Equity Research Course Code:
Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
- To understand the Objectives of research, Features and Importance of research in Financial Markets
- To Understand the Goals of equity research, Elements of equity research, Process of equity research, Types of
equity research
- To understand the Research of business and stocks, Overview of Fundamental analysis, Technical analysis and
Behavioural finance
- To understand company analysis
Course Outcomes:
- Students should be able to understand the importance of research in Financial market
- Students should be able to prepare basic Equity Research Report based on secondary data
- Students should be able to do fundamental/SWOT analysis of business & analysis of stock, peer comparison,
quantitative and qualitative analysis of stock

1 INTRODUCTION TO RESEARCH ANALYST PROFESSION & FUNDAMENTALS OF 08
RESEARCH
2 ECONOMIC ANALYSIS & INDUSTRY ANALYSIS 12
3 COMPANY ANALYSIS – QUALITATIVE&QUANTITATIVE, CORPORATE ACTIONS, 24
VALUATION PRINCIPLES
4 Unit – 4: FUNDAMENTALS OF RISK AND RETURN&QUALITIES OF A GOOD RESEARCH 16
REPORT
Total
PRACTICALS
Module 1 INTRODUCTION TO RESEARCH ANALYST PROFESSION &

FUNDAMENTALS OF RESEARCH
Primary Role of a Research Analyst, Primary Responsibilities 08
of a Research Analyst, Basic Principles of Interaction with
Companies / Clients, Important Qualities of a Research
Analyst, What is Investing?, Research on Businesses or
Stocks. Fundamental Analysis, Technical Analysis,
Behavioural Finance, Code of Conduct/Ethics for Research
Analysts, Disclosure Requirements for Research Analysts
Module 2 ECONOMIC ANALYSIS & INDUSTRY ANALYSIS
Basic Principles of Microeconomics, Basic Principles of 12

Macroeconomics, Introduction to Various Macroeconomic
Variables, Sources of Information for Economic Analysis,
Michael Porter’s Five Force Model for Industry Analysis,
Political, Economic, Socio-cultural, Technological, Legal and
Environmental (PESTLE) Analysis, Boston Consulting Group
(BCG) Analysis, Structure Conduct Performance (SCP)
Analysis, Key Industry Drivers, Regulatory
environment/framework, Sources of information for
industry analysis
Module 3 COMPANY ANALYSIS – QUALITATIVE&QUANTITATIVE,
CORPORATE ACTIONS, VALUATION PRINCIPLES.
Understand Business and Business Models, Competitive 24

Advantages/Points of differentiation over the Competitors,
Strengths, Weaknesses, Opportunities and Threats (SWOT)
Analysis, Quality of Management (Including Independent
Directors) and Governance, Pricing Power and Sustainability
of This Power, Organization Structure, Critical Business
Drivers/Success Factors, Risks in the Business, Compliance
Orientation of the Company, Documentation on Guidance
v/s Actuals, Sources of Information for Analysis, History of
Business vs. Future of Business, Basics of Profit and Loss
Account (P/L), Basics of Balance Sheet (B/S), Basics of Cash
Flows, Contingent Liabilities, Basics of Taxation Affecting To
Companies, Important Points to Keep In Mind While Looking
At Financials, Quality of Business in the Past through
Quantitative Lenses, Peeping in to future with caution, Peer
Comparison, History of Equity Expansion, Dividend and

Earnings History, History of Corporate Actions
Ownership and Insiders’ Sales and Purchase of Stocks,
Philosophy of Corporate Actions. Difference Between Price
and Value, Why Valuations are required Sources of Value in
a Business – Earnings and Assets, Discounted Cash Flows
Model for Business Valuation, Absolute Valuations vs. Price-
Value Sense, Earnings Based Valuation Matrices, Assets
based Valuation Matrices, Relative Valuations - Trading and
Transaction Multiples, Sum-Of-The-Parts (SOTP) Valuation,
Other Valuation Parameters in New Age Economy and
Businesses, Capital Asset Pricing Model, Objectivity of
Valuations, Some Important Considerations in the Context of
Business Valuation
Module4 FUNDAMENTALS OF RISK AND RETURN & QUALITIES OF A
GOOD RESEARCH REPORT
Concept of Return of Investment and Return on Investment 16
Calculation of Simple, Annualized and Compounded Returns,
Risks in Investments, Concepts of Market Risk (Beta),
Sensitivity Analysis to Assumptions, Concept of Margin of
Safety, Comparison of Equity Returns with Bond Returns,
Basic Behavioral Biases Influencing Investments, Some
Pearls of Wisdom from Investment Gurus across the World
Qualities of a Good Research Report, Checklist Based
Approach to the Research Reports, A Sample Checklist for
Investment Research Reports
Evaluation Pattern




Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Suggested Readings
1. Equity Research and Valuation: Dun and Brad Street- Mc Graw Hills Professional
2. Damodaran on Valuation: Ashwath Damodaran- Wiley
3. Best Practices for Equity Research Analysts: James Valentine- Mc Graw Hill
Education
4. Principles of Quantitative Equity Investing: Sugata Ray- Pearso
5. NISM – Research Analyst Module

Course: SECURITIES LAW Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
- To provide conceptual understanding and working knowledge of securities laws governing the entities listed
on the stock exchanges
Course Outcomes:
- Learner will learn about Securities laws applicable to Financial Market
- Learner will have basic legal knowledge about SEBI and its framework
- Learner will be able to implement legal knowledge for activities and transactions in Securities Market

1 Securities contract Regulation Act 1956 15
2 Issue of Capital & Disclosure Requirement 15
3 Buy-Back of Securities 15
4 Laws governing to Depositories 15
Total 60
PRACTICALS
Module 1 Securities contract Regulation Act 1956
The recognition of stock exchange(s); Powers of Central 15

Government under SCRA; Powers of Recognised Stock
Exchange to make rules and bye-laws; Powers of SEBI under
SCRA; Procedure to file an appeal to Securities appellate
tribunal; Various penalties for various offences as prescribed
under the Act; lRequirements for listing of securities with
recognised stock exchange.
b) Security Exchange Board of India
Regulatory prescriptions on establishment and incorporation
of SEBI; Powers and functions of SEBI; Penalties and its
adjudications; Regulatory prescriptions on establishment
and appeal to Securities Appellate Tribunal (SAT); Powers of
the Central Government; SCORES Framework; Informal
Guidance Scheme.
Module 2 Issue of Capital & Disclosure Requirement
Regulatory framework, different types of issues i.e IPO, FPO, 15

Bonus Issue, Rights Issue, preferential issue, qualified
Institutions Placements; IPO of Indian Depository Receipts;
Initial public offer by Small and Medium Enterprises.
Module 3 Buy-Back of Securities
Methods of buy back of securities; Procedure for buyback of 15

securities from existing security shareholders; Compliances
related to extinguishing of bought back securities; and
Obligations of the company and Merchant Banker.
Module4 Laws governing to Depositories
Role and Functions of depositories; Models of depository 15
and its functions; Process of dematerialization and
rematerialisation of securities; International Securities
Identification Number (ISIN); Powers of the SEBI; Penalties
and Adjudication; l Audit of depositories.
Prohibition of Insider Trading: - Important definitions i.e.,
Connected person, Person deemed to be connected person,
Insider, Unpublished price sensitive information; Restriction
on communication or procurement of unpublished price
sensitive information (UPSI); Concept of trading plans;
Disclosures requirements; Penalty provisions in case of
violations.
Evaluation Pattern




Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Suggested Readings
1. Mamta Bhargva – Compliance and procedure under SEBI laws
2. V.L.Iyer – SEBI practice manual – Taxman
3. E-module by ICAI
4. E-module by ICSI

Course: SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
4 4 25 75
- The objective of this course is to familiarize the participants with the stock markets of India, its terminology,
types of securities, the determinants of the price behavior of securities valuation of fair price and to provide a
conceptual insight to the valuation of securities.
Course Outcomes:
- Understand the various alternatives available for investment
- Learn to measure risk and return.
- Find the relationship between risk and return
- Value the equities and bonds.
- Gain knowledge of the various strategies followed by investment practitioners

1 Introduction to Portfolio Management 15
2 Portfolio Management Strategies 15
3 Portfolio Analysis 15
4 Portfolio Revision and performance management 15
Total 60
PRACTICALS
Module 1 Introduction to Portfolio Management 15
Introduction to portfolio management

Investment process, Investment categories, defining
investment goals and objectives, Investment constraints
Process of asset allocation, different approaches to
allocation decision, overview of allocation techniques
Portfolio Management Strategies 15
Module 2 Active strategy, passive strategy, semi active strategy,

duration shift and immunization, efficient market
hypotheses, top down and bottoms up
Portfolio Analysis 15
Module 3 Analysis: Diversification, portfolio risk and return, single

index model, The sharpe index model, Portfolio Beta
Selection: Markowitz Risk- Return optimization, concept of
utility, Sharpe optimization model, Geometric mean model,
Safety First model, Stochastic Dominance Model
Portfolio Revision and performance management 15
Module4 Revision: Portfolio rebalancing, portfolio upgrading, Formula
plans, constant ratio plan, variable ratio plan, selection and
revision of equity portfolio
Performance measurement: Methods of calculating rate of
return, Money weighted rate of return, Time weighted rate
of return, Linked internal rate of return, Buying the index
approach, Sharpe’s- Treynor’s – Jensen’s performance
measure of portfolio
60
Evaluation Pattern



Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Suggested Readings
1. Security Analysis and Portfolio Management, Ravi Kishor, Taxman Publishers
2. Financial Management, Khan & Jain, Tata McGraw Hill
3. Fundamentals of Investment Management, Hirt and Block, Tata McGraw Hill.
Ed 2009.
4. Portfolio Management Handbook, Robert A. Strong, Jaico Publishing House,
Mumbai
Program: B.Com(Financial Markets) Semester: IV

Course: COMMODITY MARKET Course Code:

Tutori
Semester End
Examinations (SEE)
(Marks- 75 in
Question Paper)
week)
3 3 25 75
• To familiarize with the concept of Commodity Market and Commodities.
• To make students aware about the various aspects & Recent Developments in Commodity Markets
Course Outcomes:
• Understand the working of Commodity Market & Instruments in Commodity Markets
• Understand the working of Commodity Exchanges & Recent Development in Commodity Markets

1 Introduction to Commodity Market 12
2 Commodity Derivatives 13
3 Trading, clearing and settlement of commodity market 10
4 Investment in Commodities 10
Total 45
PRACTICALS
1 Introduction to Commodity Market
Meaning of the term Commodity, Commodity Markets,

Market for agricultural commodities, Working of agricultural
markets in India, Commodity Exchanges around the world,
Commodity Exchanges in India. Physical Markets and need 12
for derivatives market, Factors affecting commodity prices,
Evolution of commodity derivatives, Physical and Derivatives
Market for Commodities, Regulations of Commodity
Markets.
2 Commodity Derivatives
Meaning of Derivatives, types of derivatives, commodities

traded in derivatives markets, pricing of futures, cost of
carry and convenience yield, participants of derivatives
13
market, Hedging using futures.
3 Trading, clearing and settlement of commodity market
Risks in commodity markets, the exchange platform, trading

on exchange platform, trading system, order types, market
positions, commodity clearing house, margining method,
10
settlement process, physical settlement and cash
settlement, warehousing and warehouse receipts,
dematerializing of warehouse receipts.
4 Investment in Commodities
The investment rationale for commodities, negative

correlation with equities, hedge against rising inflation,
approaches to investing in commodities, risks and challenges
of commodity investing. Variety in Commodity Markets
Weather Derivatives, Freight Derivatives, Electricity
derivatives, Catastrophe Derivatives, Carbon Derivatives, 10
Currency Derivatives and Property Derivatives. Recent
developments in the subject
Evaluation Pattern




Number
Answer in Brief
1 (Any 2 out of 3) 16 16
Answer in Brief
2 (Any 2 out of 3) 16 16
Answer in Brief
3 (Any 2 out of 3) 16 16
Answer in Brief
4 (Any 2 out of 3) 16 16

5 question (05) 11 11
Total Marks 75
Essential Readings:
1. Commodity Markets and Derivatives – Niti Nandini Chatnani – Cengage
2. Commodities Market Module, Workbook from NSE
3. Kleinman, George, (2001), Commodity Futures & Options, 2nd (revised,illustrated
edition), Prentice Hall.
4. Stephens, John. (2001), Managing Commodity Risk, John Wiley & Sons.

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SVKM’s

NARSEE MONJEE COLLEGE OF COMMERCE &

Program: B.Com(FINANCIAL MARKETS) Semester: III

Teaching Scheme Evaluation Scheme

Outline of Syllabus: (per session plan)

Module Description No of Hours

Module Topic No. of

Module I Introduction to Management Accounting and Analysis of

Module Cash flow Statements

Module Working Capital and Marginal Costing

Details of Continuous Assessment (CA)

Details of Semester End Examination

Description Marks Total Marks

1 Practical Question (Compulsory) and if 15 15

Practical Questions (Attempt Any 3 out of 4)-

6 Short Notes or Concept Testing Questions

- Cost & Management Accounting by Ravi N.Kishor ,Publication Taxmonth

Program: B.Com(FINANCIAL MARKETS) Semester: III

Teaching Scheme Evaluation Scheme

Outline of Syllabus: (per session plan)

Module Description No of Hours

Unit Topic No. of

Unit IV Dealings in Stock Exchanges

Role of Brokers, Stock Market Quotations, Procedure for

25% of the total marks per course:

Continuous Assessment Details Marks

Details of Semester End Examination

Question Description Marks Total Marks

A) Case Study/Application Based

Program: B.Com(FINANCIAL MARKETS) Semester: III

Teaching Scheme Evaluation Scheme

Outline of Syllabus: (per session plan)

Module Description No of Hours

Unit Topic No. of Hours/Credits

1 Introduction to Debt Market

Evolution of Debt Markets inIndia

Bonds, T-bills, state government bonds, Open market

3 Bond Market Instruments

Features of bonds Types of bonds Issuers of

Determinants of the value of bonds

Details of Continuous Assessment (CA)

25% of the total marks per course:

Details of Semester End Examination

Question Description Marks Total Marks

A) Case Study/Application Based

Program: B.Com(FINANCIAL MARKETS) Semester: III

Teaching Scheme Evaluation Scheme

Outline of Syllabus: (per session plan)

Module Description No of Hours

Unit Topic No. of Hours/Credits

1 Indian Contract Act Indian Contract Act 1872

Definitions (S.2): Agreement, kinds of Agreements,

Special Contracts: ((Meaning, parties and essentials)

Law of Indemnity and Guarantee Law of Bailment and

2 Indian Companies Act, 2013

a) Company and its formation :

Definition and Nature of Company, Advantages and

c) Memorandum of Association and Articles of Association :

Meaning, Concept, Clauses, effects of Memorandum and

Meaning (S.2), When to be issued, When not required,