F.Y.B.COM FINANCIAL ACCOUNTING

UNIT-I . 1. Meaning and Scope of Accounting, Accounting Principles (GAAP), Accounting Cycle, Types of Accounts & Rules of Debit and Credit, Users of Accounting information, Branches of Accounting, Indian Accouting Standards, Classification of Income and Expenditure. 2. Advanced Accounts of Partnership firm.

UNIT-II 1. Branch Accounts. 2. Accouts from Incomplete Records.

UNIT-III. 1.Consignment Accounts. 2. Accounting for Joint Venture.

UNIT-IV 1.Hire purchase and insalment purchase System. 2.Voyage Account.

UNIT-V 1.Self Balancing Ledgers. 2.Insurance claim for loss of stock and loss of profit policy.

UNIT-VI 1.Accounting for “Not-for-profit” Entities. 2.Final accounts of Professionals.

REFERENCE BOOKS : 1.Modern Accountig(Hanif & Mukherjee Tata McGrawHill)2.Advance Accounting (M.C.Shukla & T.S. Grewal Sultan Chand & Co.)3.Financial Accounting (By Taxman) 4. Financial Accounting (S.K.R.Paul) 5. Advanced Accounting by R.L.Gupta & Radhaswamy Vol. I 6. Advanced Accounting by S.N.Maheshwari7. Advanced Accounting by Ashok Sehgal

S.Y. B.Com.Syllabus of Paper : Taxation

( Compulsory Paper )

UNIT : I1.1 Introduction : Historical background of the Income Tax Act, 1961 ; Definitions-Meaning of various terms viz. Income, Income

Tax, Assessee, Person, Assessment Year, Previous Year, etc.1.2 Residential Status & Incidence of Tax : Determination of Residential Status, Incidence of Income Tax on the basis of Residential Status of an assessee

and Basis of charge.1.3 Exempted Income under Section 10 of the Income Tax Act, 1961.1.4 Income under the head ‘Salaries’ :

Determination / Taxation of income under the head ‘Salaries’, Income includible in ‘Salaries’- Taxable and Exempted Perquisites, Amount deductible from ‘Salaries’ – Professional Tax, etc.

UNIT : II2.1 Income under the head ‘House Property’ :

Determination / Taxation of income from ‘House Property’- Deductions available and not available from Income from ‘House Property’- Carry Forward and Set off of losses under the head Income form ‘House Property’

2.2 Income under the head ‘Other Sources’ :Determination / Taxation of income from ‘Other Sources’- Deductions available & not available from income from ‘Other Sources’.

UNIT : III3.1 Income under the head ‘Profits & Gains from Business & Profession’ :

Taxation of Income from ‘Profits & Gains from Business & Profession’- Provisions of section 28 to 44D of the Income Tax, 1961.- Carry Forward and Set off of Business Losses and Unabsorbed Depreciation.

3.2 Income under the head ‘Capital Gains’ :Introduction, Basis of Charge & Computation, etc.

UNIT : IV4.1 Computation of Total Income :

Computation of Gross Total Income of Individuals, Deductions from Gross Total Income under Chapter VI A : viz. under Sections 80 C to 80 U of the Income Tax Act, 1961.

4.2 Interest payable by an assessee :Interest payable by assessees under Section 234 A, 234 B, 234 C & 234 D of the Income Tax Act, 1961.

UNIT : V5.1 An Introduction to Indirect Taxes :

Meaning & Constitutional support to Indirect Taxes ( several Indirect Taxes ), Direct & Indirect Taxes compared, Advantages & Disadvantages of Indirect Taxes.

5.2 Value Added Tax (VAT) :Meaning, Background, Incidence of Tax ; Important Definitions ; VAT and Sales Tax compared ; Registration, Assessment & Payment ; Rate of Taxes on goods & declared goods, Set Off ( input tax credit ) conditions & procedure ; Records & Documents.

5.3 An Introduction to CST.

UNIT : VI6.1 Central Excise Duty :

Historical Background, Meaning, Incidence of Tax ; Levy and Collection of Excise Duty ; Goods, Excisable Goods, Classification of Excisable Goods ; What is Manufacture ? ; Cenvat Credit.

6.2 Service Tax :Meaning, Background & Incidence of tax ; Levy & Collection of Service Tax ; Terms used in Service Tax – Service Provider, Consumer of Service, Input Service, Taxable Service, Exempted Service etc.; General Exemption from Service Tax ; Persons liable to pay service tax with exceptions.

Note : Amendment/s in the provisions of the Act and the Rules would be considered as a part of the syllabus.

Reference Books for Direct Taxes :1. Students’ Guide to Income Tax Act and Introduction to Central Sales Tax.

By Dr. Vinod Singhania and Ms. Monica Singhania ( Taxmann )2. Systematic Approach to Income Tax Act & Central Sales Tax Act.

By Dr. Girish Ahuja & Dr. Ravi Gupta ( Bharat )3. Direct Tax Laws By Shri T. N. Manoharan ( Snow White ) 4. Direct Taxes Law & Practice

By Dr. Vinod Singhania & Dr. Kapil Singhania ( Taxmann )5. Professional Approach to Direct Taxes Law & Practice

By Dr. Girish Ahuja & Dr.Ravi Gupta ( Bharat )

Reference Books for Indirect Taxes : 1. Indirect Taxes Law & Practice By V. S. Datey ( Taxmann )

1. Indirect Taxes Law & Practice By Sanjeev Kumar ( Bharat )3. Central Excise Manual By R. K. Jain ( CENTEX ) 4. Gujarat Value Added Tax Act & Rules By R. P. Shah5. A Complete Book on Value Added Tax By Sunil Sagar ( Karnavati Publica.)6. Indirect Taxes by Banger

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S.Y. B.Com.Syllabus of Paper : Cost & Management Accounting

( Compulsory Paper )

UNIT - I

• Introduction: Cost Concepts, Cost Object, Cost Classification (CAS-01), Cost Organization And Its Relationship With Other Departments.

• Material Cost – Procurement Procedure, Store Procedure and Documentation In respect of Receipts and Issues Of Stock, Perpetual Inventory And Physical Stock Taking, ABC Analysis, VED Analysis, Level Of Inventories and Economic Order Quantity (EOQ) Analysis.

• Labour Costs — Remuneration Methods, Monetary And Non-Monetary Incentive Schemes, Payroll Procedures, Measurement Of Labour Efficiency And Productivity, Analysis Of Non-Productive Time, Overtime - Cost & its Treatment, Labour Turnover And Remedial Measures.

• Direct expenses — nature, collection, classification and treatment of direct expenses.

UNIT - II • Overheads — Nature, Collection, Classification, Apportionment and Absorption. (CAS – 03)

Production Overheads — Collection, Apportionment, Absorption, Use Of Predetermined Recovery Rates, Treatment Of Under And Over Absorption, Fixed, Variable And Semi Variable Overhead, Report For Control Of Overhead Cost.Administration, Selling And Distribution Overheads — Analysis, Accounting And Control, Treatment Of Miscellaneous Items In Cost Accounting.

• Preparation of Cost Sheet (Advanced Comprehensive Examples only)

UNIT - III

• Specific Order Costing —Determination Of Cost In Job And Batch Costing, Valuation Of Work-In-Progress In Job Costing.

• Cost Accounting Records — Cost Accounting Systems – Integrated and Non-integrated, Reconciliation Of Cost And Financial Accounts.

• Process Costing — Treatment Of Normal And Abnormal Losses And Gains, Valuation Of Opening And Closing Raw Materials, Finish Goods, Valuation Of Work-In-Progress Using First-In – First-Out And Average Methods (Equivalent Production), Inter-Process Transfer And Pricing, Concepts And Accounting For Joint Products, By-Products, Waste, Packing Materials (Empties), Scrap, Spoilage And Defectives, Research And Development Expenses.

UNIT - IV

• Activity Based Costing: Definition and Meaning objectives, Steps in Activity Based Costing, Cost Pools and Cost Drivers, Activity Based Information and Decision Making.

• Service Costing - Meaning, Defn., Application, Identification of Cost Unit, Cost Determination & Cost Control.

• Uniform Costing and Inter Firm Comparison. • Introduction of Management Accounting: Meaning, Definition, Importance in Business Decisions,

Classification of Costs in relation to business decisions.

UNIT - V

• Marginal Costing And Break-Even Analysis — Basic Concepts, Marginal Costing And Absorption Costing, Cost-Volume-Profit Analysis, Break-Even Analysis, Limitations Of Break-Even Analysis, Differential Cost Analysis And Relevant Cost Analysis, Applications For Management Decision Making (Simple Types).

• Budgetary Control — Basic Concepts, Functional Budgets And Master Budgets, Flexible Budgets, Zero Based Budgeting.

UNIT - VI

• Standard Costing — Concepts/Uses And Establishing a Standard Costing system, Setting of Standards, Variance Analysis, Recording and Reporting, Relationship of Standard Costing And Budgetary Control.

NOTE: Relevant contemporary issues and developments are also considered as a part of the syllabus. References: 1) A Text book of Cost Accounting by M.N Arora ( Vikas publishing house Pvt Ltd.)2) Cost Accounting – Principles and Practice by M.N Arora ( Vikas publishing house Pvt Ltd )3) Cost & Management Accounting by Ravi.M.Kishore ( Taxmann Publications )4) Management and Cost Accounting by Colin Drury (Taxmann Publications )5) Management accounting by Khan & Jain ( Tata Mc Graw-Hill publishing Co.Ltd )

6) Principles and Practice of Cost Accounting by Ashish. K. Bhattacharyya ( PHI )7) Cost Accounting By D.K Mittal & Luv Mittal ( Sultanchand & Sons )8) Management accounting By Chokraborty & Chokraborty ( CULT Oxford Press )

S.Y. B.Com. Syllabus of Paper : Advanced Accounting - I

(Group – A : Accounting & Auditing; Special Paper - I )

Unit I1. Accounting for shares

Issue –forfeiture –Re-issue of sharesBuy back of shares- Underwriting – Bonus shares, Share Split and Reverse SplitRight issue- Surrender of shares

2. Redemption of Redeemable Preference sharesUnit II

1. Accounting for DebenturesIssue and Redemption of Debentures (Various method), Bonus Debentures

2. Company Statutory RecordsStatutory Books – Statistical records – Statutory records

3. Acquisition of Business – profit prior to Incorporation

Unit III1. Accounting for Depreciation and Fixed assets (As per the provisions of As-6 and As-10) 2. Final Accounts of Joint stock Companies

Preparation and presentation of Final Accounts in compliance of Schedule VI-(Vertical format) covering As-1, As-2, As-4, As-5, and As-29.(Excluding Computation of Managerial Remuneration and Divisible Profit)

Unit IV1. Cash Flow Statement (As per As-3) – Indirect Method2. Funds Flow statement

-Statement of changes in Working Capital, Statement of Funds from Operation,Statement of sources and Application of Funds

Unit V1. Valuation of Goodwill

Meaning – Definition – Factors affecting Goodwill-Future Maintainable profits- Normal rate of return- Average Capital Employed-Methods of Valuing Goodwill-Simple Profit Method-Super Profit Method – Capitalization Method. Annuity Method-Weighted Average profit method

2. Valuation of sharesNeed for valuation-Methods of Valuation of shares – Intrinsic Value Method – Yield Method-Fair book value method- Valuation based on P/E ratio

Unit VI1. Investment accounts as per As-13

Definition- classification of Investment- Cost of Investment –valuation of Investments- Disposal of investment- Reclassification of Investment, Preparation of Investment account forInterest & dividend bearing Securities

2. Accounting for Lease Transactions as per As-19Types of lease- Accounting for operating lease & Finance lease & Sale and leaseback

3. Accounts of Hotel BusinessNature of Hotel companies - Sources of revenue – Heads of Expenditures – Important Terms, Significant accounting policies.

Reference Books: Corporate Accounting by S.N.Maheshwari – Vikas Publication Advanced Accounting by S.N.Maheshwari – (Volume I and II) Vikas Publication Advanced Accounting by Ashok Sehgal and Deepak Sehgal (Volume I and II) Taxmann Publication Advanced Accounts by M.C.Shukla, T.S.Grewal, S.C.Gupta - (Volume I and II) S.Chand Publication Company accounts by R.L.Gupta, Radhaswamy S.Chand Publication Students Guide to Accounting Standards by D.S.Rawat, Taxmann Publication. Relevant study material issued by I.C.A.I Relevant study material issued by ICSI Relevant study material issued by ICWAI.

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S.Y. B.Com.Syllabus of Paper : Capital Market

(Group – B : Finance & Investment Management; Special Paper - I )

Unit – I : Capital Market in India : An Overview Indian Financial System - Capital Market : Functions, Classification, Participants and Products – Institutions : Regulators, Exchanges, Depositories and Clearing Corporations - Sources of Market Information - Regulatory Framework.

Unit – II : Primary Equity Market Equity Shares - DIP Guidelines 2000 - Public Issue ( Fixed Price & Book Building ) – IPO Grading, Merchant Banking - Online IPOs - Demat Issues - Key Contents of Prospectus and Composite Share Application / Bidding Form - Rights Issue – Private Placement – Preferential Allotment - ADRs & GDRs – Other Regulations.

Unit – III : Secondary Equity Market Stock Exchanges – Membership and Management - Listing – Trading and Settlement Mechanism – Trading Rules – Screen-based Trading- KYC - Contract Note – Settlement Guarantee Fund – Margins - Circuit Filters – Investor Protection Fund – Buyback – Takeover - Market Data : Turnover, Market Capitalization, Prices, Liquidity, Transaction Costs – Risk Management – Indices– OTCEI - Market Grievances and Arbitration Mechanism.

Unit – IV : Debt Market Instruments - Regulations – Credit Rating – Corporate Debt Market – Government Securities Market – Euro Loans and Bonds.

Unit – V : Mutual Funds Concept – Evolution in India - Types of Schemes / Funds – Special Funds such as Exchange Traded Funds, Fund of Funds, Real Estate Investment Trusts, Commodity Funds – Fund Structure and Constituents - Regulations on the Investments of a Mutual Fund - Key Financial Numbers.

Unit – VI : Derivatives Definition – Products – Participants and Functions – Trading Mechanism – Contract Specifications – Clearing & Settlement – Types of Derivatives – Futures and Options : Features, Differences - Futures and Options on Individual Stock and Indices - How Option works - Call and Put Options - Payoffs - Market Data : Turnover, Open Interest etc.

Reference Books :1. Investment Analysis & Portfolio Management - Prasanna Chandra ( TMH )2. Study Material on Financial Markets : A Beginner’s Module ( NCFM )3. Study Material on Securities Market : Basic Module ( NCFM )4. Study Material on AMFI - Mutual Fund (Basic) Module ( NCFM )5. Study Material on Derivatives Market (Dealers) Module ( NCFM )6. Financial Institutions and Markets - L. M. Bhole ( TMH )

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T.Y. B.Com.Syllabus of Paper : Financial Management & Personal Finance

( Compulsory Paper )

Unit – I :1. Financial Management : Introduction, Core Concepts, Objectives, Finance Functions, Organization of Finance Function.2. Time Value of Money : Concept and Applications.3. Statements of Financial Information, and Financial Statements Analysis.

Unit – II :1. Sources of Finance.2. Leverages.3. Dividend Policy.

Unit – III :1. Working Capital Management ( including basic elements of cash management, credit management and inventory management )

Unit – IV :1. Cost of Capital.2. Basics of Capital Budgeting.

Unit – V :1. Personal Finance : Introduction, Goals, Importance of Personal Financial Management, Personal Financial Statements ( Income Statement and Balance Sheet ), Financial Planning and Budgeting, Spending money wisely, Tax Planning for Personal Incomes.2. Savings and Investments, Avenues for Investments : Financial Securities, Real Estate, Precious Metals and Derivatives, Depository System, Diversified Personal Investment Portfolio.

Unit – VI :1. Borrowings for short term and long term personal needs.2. Insurance : Life, Health, Property and Liabilities.3. Retirement Planning.

Reference Books :1. Essentials of Financial Management - I. M. Pandey ( Vikas )2. Fundamentals of Financial Management - Prasanna Chandra ( TMH )3. Financial Management - Ravi M. Kishore ( Taxmann )4. Financial Management ; An Introduction - Jim McMenamin ( OUP )5. Corporate Finance : Principles & Practice - Denzil Watson & Antony Head6. Personal Finance - Kapoor, Dlabay & Hughes ( McGraw-Hill College )7. Guide to Personal Finance : A Life Time Programme of Money Management - Richard J. Stillman ( PH )8. Personal Finance - Arthur J. Keown ( PH )9. Personal Finance - Robert S. Rosefsky ( John Wiley )10. Personal Financial Planning ( ICFAI Textbook )

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T.Y. B.Com.Syllabus of Paper : Audit & Auditor’s Assurances

(Group – A : Accounting & Auditing; Special Paper - II )

Level of Knowledge: Working KnowledgeUNIT-I:

Principles of Auditing (with reference to AAS-1) Definition, An overview of Auditing & Assurance Standards (AAS), Objects (with reference AAS-4), advantages and different classes of Audit. Qualities of a Good Auditor.

Preparation before commencement of Audit, Audit programme (with reference AAS-8), Audit Notebook, Audit Files, Working papers (with reference AAS-3).

UNIT-II: 1. Internal Check, Internal Control (with reference AAS-6) and Internal Audit.

2. Special Audit Techniques:- Analytical Procedures (AAS - 14)- Types of sampling, Test check system of Audit (with reference AAS-15)

UNIT-III: 1. Meaning and Object of Vouching (with reference AAS-5). Vouching of various types of transactions.

2. Meaning of Verification and Valuation, Verification and Valuation Principles, Verification and Valuation of Assets and Verification of Liabilities.

3. Contemporary issues on Auditing.

UNIT-IV: 1. Provision relating to auditors under The Companies Act, 1956: Appointment, Reappointment, Remuneration and Removal of Auditors, Qualifications and Disqualifications.

2. Rights, Powers, Duties and Liabilities of an auditor.

UNIT –V:1. (a) Statutory Report to be placed before statutory meeting.

(b) Dividend and appropriation of Profits including divisible profits. (c) Share Capital and Debenture Audit.2. Auditing in Computerized environment.

3. Investigation – Meaning, difference between investigation and Audit, various types of investigation.

UNIT-VI:1. Following sections of the Companies Act, 1956:

• Sec. 209 - Books of accounts to be kept by the Company.• Sec. 210 - Annual Accounts & Balance Sheet• Sec.227 - Auditors Report including CARO, 2003 as amended by CARO,2004.• Sec.228 - Branch Audit• Sec.233A - Power of Central government to direct special audit in certain cases.• Sec.233B - Cost audit.

2. Audit under Fiscal Laws- Tax Audit- Vat Audit

3. Recent Trends in Company Audit Note : Amendment/s in the provisions of the Act and the Rules would be considered as a part of the syllabus. Suggested Books:

1) Auditing & Assurance - Aruna Jha ( Taxmann)

2) Auditing- Principles and Practice - Ravindra Kumar - Virendra Sharma (PHI)

3) Principles and Practice of Auditing - R.G. Saxena (Himalaya Publication)

4) Practical Auditing - B.N. Tandon (S. Chand & Co. Ltd)

5) Principles and Practice of Auditing - S.D. Sharma (Taxmann)

6) Students’ Guide to Auditing Standards - D.S.Rawat (Taxmann)

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T.Y. B.Com.Syllabus of Paper : Advanced Accounting – II

(Group – A : Accounting & Auditing; Special Paper - III )Unit I

1. Final Accounts of Joint stock Company (Advanced) Computation of Managerial Remuneration-Divisible Profit-Application of As-15 As-22 As-29 Notes to accounts-Corporate Governance Report

2. Earning Per Share (EPS) as per As-20Computation of Basic and Diluted Earning Per Share.

Unit II

1. Accounting for Amalgamation as per As-14Legal Provisions-purchase Consideration-Amalgamation in the nature of merger & Amalgamation in the nature of Purchase (Excluding inter Company investments)

2. Reconstruction of CompanyExternal Reconstruction - Internal Reconstruction-Alteration of Share Capital & Reduction of Share Capital-surrender of shares-Dissenting shareholders

Unit III

1. Liquidation of Joint Stock CompaniesMeaning of Liquidation- Modes of winding up – statement of Affairs – Deficiency or Surplus account, Liquidators Final statement of accounts-Receiver for Debenture holders – “B” list of Contributories

Unit lV

1. Holding Company Accounts (With one subsidiary company only)Consolidated Balance Sheet Definitions as per As-21- wholly and partly owned Subsidiary Companies-pre & post acquisition profits/losses-Cost of control-Minority Interest- Unrealized profit-Inter company transaction-Revaluation of Assets & Liabilities- Treatment of Bonus shares & Dividend-Preference shares in subsidiary company –Consolidated Profit and Loss Account

Unit V

1. Accounts of Banking Companies Legal provisions relating to Final accounts of Banking companies – Disclosure of Accounting policies- prescribed formats of Profit and loss account and Balance sheet Norms for Income recognition, NPAs, Asset classification and provision for Bad and Doubtful debts.

2. Accounting for Intangibles (AS-26)

Unit VI

2. Accounts of Insurance CompaniesLife insurance-General Insurance –various terms used in insurance business, IRDA provisions -Statutory financial statements of life and General Insurance business in prescribed formats

2. Accounting for foreign currency transactions (AS-11)3. Emerging Trends in Accounting

Reference Books:1. Corporate Accounting by S.N.Maheshwari – Vikas Publication2. Advanced Accounting by S.N.Maheshwari – (Volume I and II) Vikas Publication3. Advanced Accounting by Ashok Sehgal and Deepak Sehgal (Volume I and II) Taxmann Publication4. Advanced Accounts by M.C.Shukla, T.S.Grewal, S.C.Gupta - (Vol. I & II) S.Chand Publication5. Company accounts by R.L.Gupta, Radhaswamy S.Chand Publication6. Students Guide to Accounting Standards by D.S.Rawat, Taxmann Publication.7. Relevant study material issued by I.C.A.I8. Relevant study material issued by ICSI9. Relevant study material issued by ICWAI10. Accounting Standards by D.G.Sharma - Taxmann Publication11. Accounting standards by T.P.Ghosh- Taxmann Publication12. First lessons in Accounting Standards By M.P.Vijaykumar-Snow white Publication.

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T.Y. B.Com.Syllabus of Paper : Financial Analysis & Reporting

(Group – B : Finance & Investment Management; Special Paper - II )Unit – I : Company Final Accounts : Preparation and Presentation of Final accounts in compliance of Schedule VI - Accounting for Depreciation of Fixed Assets – AS-1,2,4,5,6,9,10 and 29.

Unit – II : Financial Statements Analysis : Statements of Financial Information – Users – Accounting Ratios – Types of Ratios – Basis of Comparison – Limitations of Ratios – Du Pont Analysis.

Unit – III : Predicting Corporate Failures using Z score models – Comparative Statements Analysis – Commonsize Statements.

Unit – IV : Reporting to Shareholders : Contents of Annual Reports – Chairman’s Statement, Directors’ Report, Auditor’s Report, Financial Statements, Corporate Governance Report - Management Discussion and Analysis, Voluntary and Mandatory Disclosures – Segment Reporting – Interim Financial Reporting.

Unit – V : Value Added Statement – Economic Value Added – Triple Bottom Line ( People, Planet and Profits ) Reporting – Corporate Social Reporting.

Unit – VI : Financial Analysis & Reporting for : (a) Banking Companies, (b) Mutual Funds, and (c) Stock Brokers.

Reference Books :1. Advanced Accounting - Ravi M. Kishore ( Taxmann )2. Financial Reporting – Emerging Trends - E Mrudula & V R P Kashyap ( ICFAI )3. Relevant subject Study Material of CA, ICWA, CS, ICFAI and IGNOU.

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T.Y. B.Com.Syllabus of Paper : Investment Management

(Group – B : Finance & Investment Management; Special Paper - III )

Unit – I :1. Savings and Investments, Meaning of Investment, Real Assets vs. Financial Assets, Investment vs. Speculation, Investment Attributes : Rate of Return, Risk, Marketability, Tax Shelter, and Convenience.2. Investment Alternatives – a Panoramic View.

Unit – II :1. Risk and Return : Sources of Risk, Types of Risk, Components of Return, Measuring Historical Return and Risk, and Measuring Expected Return and Risk.2. Efficient Market Hypothesis : Concept, Three Levels of Market Efficiency and Implications for Investment Analysis.

Unit – III :1. Equity Valuation : Balance Sheet Valuation, Dividend Discount Model, Drivers of Growth, Earnings Multiplier Approach ( P/E Ratio ).2. Bond Prices and Yields : Bond Characteristics, Bond Prices, Bond Yields, Risks in Bonds, Rating of Bonds, Yield Curve and Determinants of Interest Rates.

Unit – IV :1. Fundamental Analysis : Macroeconomic and Industry Analysis, Company Analysis.2. Technical Analysis : Basic Premises, Charting Techniques and Technical Indicators.

Unit – V :1. Portfolio Theory : The Benefits of Diversification, Portfolio Return and Risk, Measurement of Comovements in Security Returns, Efficient Frontier, Optimal Portfolio.2. Capital Asset Pricing Model ( CAPM ) : Basic Assumptions, Capital Market Line, Security Market Line, Inputs required for applying CAPM. Unit – VI :1. Portfolio Management Framework : The Grand Design.2. Futures and Options : Simple Strategies of Hedging, Speculation and Arbitrage – Commodities Futures.3. Tax Aspects of Investments.

Reference Books :1. Investment Analysis & Portfolio Management - Prasanna Chandra ( TMH )2. Investment Management - Preeti Singh ( Himalaya Pub. )3. Investment Management - V.A. Avadhani ( Himalaya Pub. )4. Investment Management - V.K.Bhalla ( S. Chand )5. Investments - Bodie, Kane, Marcus and Mohanty ( TMH )

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