MUBMSFINANCESem4syllabus

BusinessEconomicsII

BusinessEconomicsII

IntroductiontoMacroeconomicDataandTheory•Macroeconomics:Meaning,ScopeandImportance.•Circularflowofaggregateincomeandexpenditure:closedandopeneconomymodels•TheMeasurementofnationalproduct:MeaningandImportance-conventionalandGreenGNPandNNPconcepts-RelationshipbetweenNationalIncomeandEconomicWelfare.•Shortruneconomicfluctuations:FeaturesandPhasesofTradeCycles•TheKeynesianPrincipleofEffectiveDemand:AggregateDemandandAggregateSupply-ConsumptionFunction-Investmentfunction-effectsofInvestmentMultiplieronChangesinIncomeandOutput

Money,InflationandMonetaryPolicy•MoneySupply:DeterminantsofMoneySupply-FactorsinfluencingVelocityofCirculationofMoney•DemandforMoney:ClassicalandKeynesianapproachesandKeynes’liquiditypreferencetheoryofinterest•Moneyandprices:Quantitytheoryofmoney-Fisher’sequationofexchange-Cambridgecashbalanceapproach•Inflation:DemandPullInflationandCostPushInflation-EffectsofInflation-Natureofinflationinadevelopingeconomy.•Monetarypolicy:Meaning,objectivesandinstruments,inflation

targeting

ConstituentsofFiscalPolicy•RoleofaGovernmenttoprovidePublicgoods-PrinciplesofSoundandFunctionalFinance•FiscalPolicy:Meaning,Objectives-ContracyclicalFiscalPolicyandDiscretionaryFiscalPolicy•InstrumentsofFiscalpolicy:Canonsoftaxation-Factorsinfluencingincidenceoftaxation-EffectsoftaxationSignificanceofPublicExpenditure-Socialsecuritycontributions-LowIncomeSupportandSocialInsuranceProgrammes-PublicDebt-Types,PublicDebtandFiscalSolvency,Burdenofdebtfinance•Unionbudget-Structure-Deficitconcepts-FiscalResponsibilityandBudgetManagementAct.

OpenEconomy:TheoryandIssuesofInternationalTrade•Thebasisofinternationaltrade:Ricardo’sTheoryofcomparativecostadvantage-TheHeckscher–Ohlintheoryoffactorendowments-termsoftrade-meaningandtypesFactorsdeterminingtermsoftrade-Gainsfromtrade-Freetradeversusprotection

•ForeignInvestment:ForeignPortfolioinvestment-BenefitsofPortfoliocapitalflows-ForeignDirectInvestment-MeritsofForeignDirectInvestment-RoleofMultinational

corporations•BalanceofPayments:Structure-TypesofDisequilibrium-MeasurestocorrectdisequilibriuminBOP.•ForeignExchangeandforeignexchangemarket:SpotandForwardrateofExchange-Hedging,SpeculationandArbitrage-FixedandFlexibleexchangerates-Managedflexibility

InformationTechnologyinBusinessManagement-II

UNIT1ManagementInformationSystem•OverviewofMISDefinition,Characteristics•SubsystemsofMIS(ActivityandFunctionalsubsystems)•StructureofMIS•ReasonsforfailureofMIS.•UnderstandingMajorFunctionalSystemsMarketing&SalesSystemsFinance&AccountingSystemsManufacturing&ProductionSystemsHumanResourceSystemsInventorySystems•Subsystems,descriptionandorganizationallevels•DecisionsupportsystemDefinitionRelationshipwithMIS•EvolutionofDSS,Characteristics,classification,objectives,components,applicationsofDSS

UNIT2ERP/E-SCM/E-CRM•ConceptsofERP•ArchitectureofERPGenericmodulesofERP•ApplicationsofERP•ERPImplementationconceptsERPlifecycle•ConceptofXRP(extendedERP)•FeaturesofcommercialERPsoftwareStudyofSAP,OracleApps,MSDynamicsNAV,Peoplesoft•Conceptofe-CRME-CRMSolutionsanditsadvantages,Howtechnologyhelps?•CRMCapabilitiesandcustomerLifecyclePrivacyIssuesandCRM•DataMiningandCRMCRMandworkflowAutomation•ConceptofE-SCMStrategicadvantages,benefitsE-SCMComponentsandChainArchitecture•MajorTrendsine-SCM•CasestudiesERP/SCM/CRM

UNIT3IntroductiontoDatabaseandDatawarehouse•IntroductiontoDBMSMeaningofDBMS,NeedforusingDBMS.Conceptsoftables,

records,attributes,keys,integrityconstraints,schemaarchitecture,dataindependence.•DataWarehousingandDataMiningConceptsofDatawarehousing,ImportanceofdatawarehouseforanorganizationCharacteristicsofDatawarehouseFunctionsofDatawarehouseDatawarehousearchitectureBusinessuseofdatawarehouseStandardReportsandqueries•DataMiningThescopeandthetechniquesused•BusinessApplicationsofDatawarehousingandDatamining

UNIT4Outsourcing•IntroductiontoOutsourcingMeaningofOutsourcing,NeedforoutsourcingScopeofOutsourcing.Outsourcing:ITandBusinessProcesses•BusinessProcessOutsourcing(BPO)Introduction•BPOVendorsHowdoesBPOWork?BPOServicescopeBenefitsofBPOBPOandITServicesProjectManagementapproachinBPOBPOandIT-enabledservices•BPOBusinessModelStrategyforBusinessProcessOutsourcingProcessofBPOITOVsBPO•BPOtoKPOMeaningofKPOKPOvsBPOKPO:OpportunityandScopeKPOchallengesKPOIndianScenario•OutsourcinginCloudEnvironmentCloudcomputingofferings•TraditionalOutsourcingVs.CloudComputing

BusinessResearchMethods

UNIT-1Introductiontobusinessresearchmethods•Meaningandobjectivesoftheresearch•Typesofresearch–a)Pure,BasicandFundamentalb)Applied,c)Empiricald)Scientific&Sociale)Historicalf)Exploratoryg)Descriptiveh)Causal•ConceptsinResearch:Variables,QualitativeandQuantitativeResearch•Stagesintheresearchprocess.•CharacteristicsofGoodResearch•Hypothesis-Meaning,Nature,Significance,TypesofHypothesis,Sources.•Researchdesign–Meaning,Definition,NeedandImportance,Stepsinresearchdesign,Essentialsofagoodresearchdesign,Areas/ScopeofresearchdesignandTypes-Descriptive,Exploratoryandcausal.•Sampling–a)meaningofsampleandsampling,b)methodsofsampling-i)NonProbabilitySampling–Convenient,Judgment,Quota,Snowballii)Probability–SimpleRandom,Stratified,Cluster,MultiStage.

UNIT-2DatacollectionandProcessing•Typesofdataandsources-PrimaryandSecondarydatasources•Methodsofcollectionofprimarydataa)Observation-i)structuredandunstructured,ii)disguisedandundisguised,iii)mechanicalobservations(useofgadgets)b)Experimentali)Fieldii)Laboratoryc)Interview–i)PersonalInterviewii)focusedgroup,iii)in-depthinterviews-Method,d)Survey–Telephonicsurvey,Mail,E-mail,Internetsurvey,Socialmedia,andMedialistening.e)Surveyinstrument–i)Questionnairedesigning.f)Typesofquestions–i)structured/close-endedandii)unstructured/openended,iii)Dicotomous,iv)MultipleChoiceQuestions.f)Scalingtechniques-i)Likertscale,ii)SemanticDifferentialscale

UNIT-3DataanalysisandInterpretation•Processingofdata–i)Editing-fieldandofficeediting,ii)coding–meaningandessentials,iii)tabulation–note•Analysisofdata-Meaning,Purpose,types.•Interpretationofdata-Essentials,importanceandSignificanceofprocessingdata•Multivariateanalysis–conceptonly

•Testingofhypothesis–conceptandproblems–i)chisquaretest,ii)Zandt-test(forlargeandsmallsample)

UNIT-4AdvancedtechniquesinReportWriting•Reportwriting–i)Meaning,importance,functionsofreports,essentialofagoodreport,thecontentofthereport,stepsinwritingareport,typesofreports,FootnotesandBibliography•Ethicsandresearch•Objectivity,ConfidentialityandanonymityinResearch•Plagiarism

CorporateRestructuring

Unit-1CorporateRestructuring–IntroductionandConcepts(OnlyTheory)•CorporateRestructuring-HistoricalBackground,MeaningofCorporateRestructuring,CorporateRestructuringasaBusinessStrategy,NeedandScopeofCorporateRestructuring.•Planning,FormulationandExecutionofVariousRestructuringStrategies,ImportantAspectstobeconsideredwhilePlanningorImplementingCorporateRestructuringStrategies.•FormsofRestructuring-Merger,Demerger,Reversemerger,Disinvestment,Takeover/acquisition,JointVenture(JV),StrategicAlliance,FranchisingandSlumpsaleUnit-2AccountingofInternalReconstruction(Practicalandtheory)•NeedforreconstructionandCompanyLawprovisions,Distinctionbetweeninternalandexternalreconstructions•Methodsincludingalterationofsharecapital,variationofshare-holderrights,subdivision,consolidation,surrenderandreissue/cancellation,reductionofsharecapital,withrelevantlegalprovisionsandaccountingtreatmentsforsame.Unit-3AccountingofExternalReconstruction

(Amalgamation/Mergers/TakeoversandAbsorption)(Practicalandtheory)•Inthenatureofmergerandpurchasewithcorrespondingaccountingtreatmentsofpoolingofinterestsandpurchasemethodsrespectively•ComputationandmeaningofpurchaseconsiderationandProblemsbasedonpurchasemethodofaccountingonly.

Unit-4ImpactofReorganizationontheCompany-AnIntroduction(OnlyTheory)•ChangeintheInternalAspectsonReorganization–ChangeofNameandLogo,RevisedOrganizationChart,Communication,EmployeeCompensation,BenefitsandWelfareActivities,AligningCompanyPolicies,AligningAccountingandInternalDatabaseManagementSystems,Re-VisitingInternalProcessesandRe-AllocationofPeople•ChangeinExternalAspectsonReorganization-EngagementwithStatutoryAuthorities,RevisedISOCertificationandSimilarOtherCertifications,RevisitingpastGovernmentapprovals,decisionsandothercontracts.•ImpactofReorganization-GainorLosstoStakeholders,ImplementationofObjectives,IntegrationofBusinessesandOperations,PostMergerSuccessandValuationandImpactonHumanandCulturalAspects.

FOUNDATIONCOURSE-IV

FOUNDATIONCOURSE-IV

IntroductiontoEthicsandBusinessEthics

Tounderstandsignificanceofethicsandethicalpracticesinbusinesseswhichareindispensibleforprogressofacountry

EthicsinMarketing,FinanceandHRM

Tolearntheapplicabilityofethicsinfunctionalareaslikemarketing,finance

andhumanresourcemanagement

CorporateGovernance

TounderstandtheemergingneedandgrowingimportanceofgoodgovernanceandCSRbyorganisations

CorporateSocialResponsibility(CSR)

Tostudytheethicalbusinesspractices,CSRandCorporateGovernancepracticedbyvariousorganisations

ProductionandTotalQualityManagement

UNIT-1ProductionManagementProductionManagement•Objectives,Components–Manufacturingsystems:IntermittentandContinuousProductionSystems.•ProductDevelopment,ClassificationandProductDesign.•Plantlocation&Plantlayout–Objectives,Principlesofgoodproductlayout,typesoflayout.•Importanceofpurchasemanagement.UNIT-2MaterialsManagement•MaterialsManagement:Concept,ObjectivesandimportanceofmaterialsmanagementVarioustypesofMaterialHandlingSystems.•InventoryManagement:Importance–InventoryControlTechniquesABC,VED,FSN,GOLF,XYZ,SOS,HML.EOQ:Assumptionslimitations&advantagesofEconomicOrderQuantity,SimplenumericalonEOQ,LeadTime,ReorderLevel,SafetyStock.

UNIT-3BasicsOfProductivity&TQM•BasicsOfProductivity&TQM:ConceptsofProductivity,modesofcalculatingproductivity.ImportanceOfQualityManagement,factorsaffectingquality;TQM–conceptandimportance,CostofQuality,PhilosophiesandApproachesToQuality:EdwardDeming,J.Juran,Kaizen,P.Crosby’sphilosophy.•Product&ServiceQualityDimensions,SERVQUALCharacteristicsofQuality,QualityAssurance,QualityCircle:Objectives

OfQualityCircles,IshikawaFishBone,ApplicationsinOrganizations.Simplenumericalonproductivity

UNIT-4QualityImprovementStrategies&Certifications•QualityImprovementStrategies&Certifications:LeanThinking,KepnerTregorMethodologyofproblemsolving,Sigmafeatures,Enablers,Goals,DMAIC/DMADV.TAGUCHI’SQUALITYENGINEERING,ISO9000,ISO1400,QS9000.MalcolmBaldrigeNationalQualityAward(MBNQA),Deming’sApplicationPrize.

Auditing

Unit-1IntroductiontoAuditing•Basics–FinancialStatements,UsersofInformation,DefinitionofAuditing,ObjectivesofAuditing–PrimaryandSecondary,Expressionofopinion,DetectionofFraudsandErrors,InherentlimitationsofAudit.DifferencebetweenAccountingandAuditing,InvestigationandAuditing.•Errors&Frauds–Definitions,ReasonsandCircumstances,TypesofError–Commission,Omission,Compensatingerror.Typesoffrauds,RiskoffraudandErrorinAudit,AuditorsDutiesandResponsibilitiesincaseoffraud•PrinciplesofAudit–Integrity,Objectivity,Independence,Skills,Competence,Workperformedbyothers,Documentation,Planning,AudiEvidence,AccountingSystemandInternalControl,AuditConclusionsandReporting•TypesofAudit–Meaning,Advantages,DisadvantagesofBalancesheetAudit,InterimAudit,ContinuousAudit,ConcurrentAuditandAnnualAudit

Unit-2AuditPlanning,ProceduresandDocumentation•AuditPlanning–Meaning,Objectives,Factorstobeconsidered,Sourcesofobtaininginformation,DiscussionwithClient,OverallAuditApproach.

•AuditProgram–Meaning,Factors,AdvantagesandDisadvantages,OvercomingDisadvantages,MethodsofWork,InstructionbeforecommencingWork,OverallAuditApproach•AuditWorkingPapers-Meaning,importance,FactorsdeterminingFormandContents,MainFunctions/Importance,Features,ContentsofPermanentAuditFile,TemporaryAuditFile,Ownership,Custody,AccessofOtherPartiestoAuditWorkingPapers,AuditorsLienonWorkingPapers,AuditorsLienonClient'sBooks•AuditNotebook–Meaning,structure,Contents,GeneralInformation,CurrentInformation,Importance

Unit-3AuditingTechniquesandInternalAuditIntroduction•TestCheck-TestCheckingVsRoutingChecking,testCheckmeaning,features,factorstobeconsidered,whenTestCheckscanbeused,advantagesdisadvantagesprecautions.•AuditSampling-AuditSampling,meaning,purpose,factorsindeterminingsamplesize-SamplingRisk,TolerableErrorandexpectederror,methodsofselectingSampleItemsEvaluationofSampleResultsauditorsLiabilityinconductingauditbasedonSample•InternalControl-Meaningandpurpose,reviewofinternalcontrol,advantages,auditorsduties,reviewofinternalcontrol,InherentLimitationsofInternalcontrol,internalcontrolsamplesforsalesanddebtors,purchasesandcreditors,wagesandsalaries.InternalChecksVsInternalControl,InternalChecksVsTestChecks•InternalAudit-Meaning,basicprinciplesofestablishingInternalaudit,objectives,evaluationofinternalAuditbystatutoryauditor,usefulnessofInternalAudit,InternalAuditVsExternalAudit,,InternalChecksVsInternalAudit

Unit-4AuditingTechniques:Vouching&Verification•AuditofIncome-CashSales,SalesonApproval,ConsignmentSales,SalesReturnsRecoveryofBadDebtswrittenoff,RentalReceipts,InterestandDividendsReceivedRoyaltiesReceived•AuditofExpenditure-Purchases,PurchaseReturns,SalariesandWages,Rent,InsurancePremium,TelephoneexpensePostageandCourier,PettyCashExpenses,TravellingCommissionAdvertisement,InterestExpense•AuditofAssetsBookDebts/Debtors,Stocks-AuditorsGeneralDuties;Patterns,DiesandLooseTools,SpareParts,EmptiesandContainersQuotedInvestmentsandUnquotedInvestmentTradeMarks/CopyrightsPatentsKnow-HowPlantandMachineryLandandBuildingsFurnitureandFixtures•AuditofLiabilities-OutstandingExpenses,BillsPayableSecuredloansUnsecuredLoans,ContingentLiabilities

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