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Master of Commerce: Tamil Nadu Open University
Master of Commerce: Tamil Nadu Open University
COMMERCE
(M.COM)
(From Calendar Year 2021 onwards)
மேலாண்மையியல் புலம்
School of Management Studies
வணிகவியல்துறை
Department of Commerce
முதுகலை வணிகவியல்
Master of Commerce (M.COM)
(From Calender Year 2021 onwards)
SEPTEMBER 2020
Tamil Nadu Open University
[A State Open University established by Government of Tamil Nadu, Recognized by UGC-DEB,
Member in Asian Association of Open Universities and Association of Commonwealth Universities]
No- 577, Anna Salai, Saidapet, Chennai -600015, Tamil Nadu, India
Prof. K.Parthasarathy
Vice-Chancellor
FOREWORD
My dear Learners, Vanakkam,
I deem it a great privilege to extend a hearty welcome to you to the Post Graduate Programme being
offered by the Tamil Nadu Open University (TNOU). I also appreciate your keen interest of know about the
curriculum of the Programme, in which you shall gain an enthralling experience, and pleasurable and
beneficial learning.
With passing a specific act in the Tamil Nadu Legislative Assembly (TNLA) in 2002, the TNOU came into
existence as a State Open University (SOU). It has been offering the socially relevant academic
Programmes in diverse disciplines with due approval of the University Grants Commission (UGC) and the
Distance Education Bureau (DEB), New Delhi since its inception. This Post Graduate Programme is one among
the approved Programmes.
The Board of Studies, a statutory academic body of the University, consisting of the versatile scholars,
eminent teachers including both internal and external, well acclaimed industrialists, outstanding alumni, and
prospective learners as members, has designed the robust curriculum of this Programme. The curriculum is
overhauled to be more suitable to the socio-economic and scientific needs in the modern era based on the
emerging trends in the discipline of State and National as well as International level and accordingly,
modified to our local context. Moreover, the whole syllabi of this Programme have special focuses on
promoting the learners to the modern learning environment.
With a Credit System / Choice Based Credit System ( CBCS), this Programme is offered in semester /
non-semester pattern. The Self-Learning Materials that are the mainstay of pedagogy in the Open and
Distance Learning (ODL) have been developed incorporating both the traditional and the modern learning
tools, like web-resources, multi-media contents, text books and reference books with a view to providing
ample opportunities for sharpening your knowledge in the discipline.
At this juncture, I wish to place on record my deepest appreciations and congratulations to the Chairperson
and the Members of the Board of Studies concerned for having framed the curriculum of high standard.
I would also like to acknowledge the Director, the Programme Coordinator and the members of staff of the
respective School of Studies for their irrevocable contributions towards designing the curriculum of this
Programme.
Last but not least, I register my profuse appreciation to Prof. S. Balasubramanian, the Director (i/c),
Curriculum Development Centre (CDC), TNOU, who have compiled this comprehensive Programme Project
Report (PPR) that includes the regulations and syllabi of the Programme, and also facilitated the designing
in the form of e-book as well as printed book.
I am immensely hopeful that your learning at TNOU shall be stupendous, gratifying, and prosperous. Wish
you all success in your future endeavours!
With regards,
Instructional Design
The Curriculum and the Syllabus for Master of Commerce Programme has designed
covering all the aspects of commerce, Accounting, Banking and Finance. The duration of
the Programme is two Years and the medium of instruction is Tamil and English.
The Master of Commerce Programme is offered through the Learner Support Centres
established by TNOU in the affiliated Arts and Science College, where the same Programme
is offered through Conventional Mode.
The Faculty Members available at School of Management Studies of Tamil Nadu Open
University and the faculties approved as Academic Counselors of TNOU at Learner Support
Centres will be used for delivering the Master of Commerce Programme.
The credits systems suggested as per UGC-ODL Regulations-2020 have been assigned to
Master of Commerce Programme. The total number of credit assigned for the Programme
is 66. The Self Learning Materials in the form of print, e-content and audio/video materials
wherever required has also been developed for the Programme.
Scholarship for SC/ST category is available as per the norms of the State Government of
Tamil Nadu. Complete Admission fee waiver for the Physically Challenged/ Differently abled
persons.
The Academic Calendar for the Programme will be available for the learners to track down
the chronological events/ happenings. The Counselling schedule will be uploaded in the
TNOU website and the same will be intimated to the students through SMS.
Evaluation System
Students shall normally be allowed to appear for theory examination after completing the
Assignments. The Term -End Examination shall Carry 70 Marks and the Question Paper has
two Sections: A &B for the duration of 3 hours.
1. From Block–I
2. From Block–II
3. From Block –III
4. From Block – IV
5. From Block– V
6. From any Block
7. From any Block
8. From any Block
9. From Block-I
10. From Block-II
11. From Block – III
12. From Block –IV
13. From Block-V
Passing Minimum:
Candidates who have secured 50 percent of the marks in each course (both Continuous
Internal Assessment and Term End Examinations) shall be declared to have passed the
examination in that course. All other candidates shall be declared to have failed in that
course.
Candidates who pass all the Courses and who secure 60 per cent and above in the aggregate
of marks will be placed in the First Class. Those securing 50 per cent and above but below
60 per cent in the aggregate will be placed in the Second Class.
The Programme will be offered through the Learner Support Centre (LSC) maintained by
Tamil Nadu Open University. The LSC has the required infrastructural facilities to conduct
the Counselling for the students who wish to clear their doubts. There is no lab component
in Master of Commerce (M.COM) Programme.
A well equipped Library is available in the University Headquarters and the Regional Centres
with required books and research journals. The Learners Support Centre through which the
Degree Programme is to be offered is also equipped with a full-fledged library having books
and journals related Commerce Discipline.
The cost estimate for development, delivery and maintenance of the Master of Commerce
(M.COM) Programme is provided in the following Table.
The curriculum is developed with twenty courses. The curriculum of M.Com has been
designed with a help of academia and industry and approved by the Board of Studies which
includes subject experts from various Universities, Colleges and Industries. To ensure the
quality of the programme curriculum will be updated once in a three year for incorporating
new requirements that the programme demands. The well equipped system is evolved to
obtain feedback from the learners and the academic counsellors who are the main stake
As a part of Quality assurance the curriculum for the Programme will be updated once in three
years. Necessary steps will be taken to obtain feedback from the students and the Academic
Counsellors who are part of the Programme for effective delivery of the Programme.
After completion of the Master of Commerce(M.Com) Programme, the Learners will acquire
knowledge in Commerce, Accounting, Finance and Financial Markets will be increased and
this will in-turn help them to get employment or enabling entrepreneurial skill in the field
Industry, Business Organization and Government.
Marks
S Course No. of Exam Distribution Max. Passing
Course title Category
No. Code Credits Hrs Marks Minimum
CIA TEE
FIRST YEAR - FIRST SEMESTER
Accounting for
1 MCM 11 CC 4 3 30 70 100 50
Managers
Managerial
2 MCM 12 CC 3 3 30 70 100 50
Economics
Legal Aspects
3 MCM 13 CC 3 3 30 70 100 50
of Business
International
4 MCM 14 Business CC 3 3 30 70 100 50
Management
Statistic for
MCM –
5 Business DSE 4 3 30 70 100 50
EL -11
Decisions
Second Semester
Marks
S Course No. of Exam Distribution Max. Passing
Course title Category
No. Code Credits Hrs Marks Minimum
CIA TEE
Advanced
6 MCM 21 Financial CC 4 3 30 70 100 50
Management
International
8 MCM 23 CC 3 3 30 70 100 50
Banking
Organizational
9 MCM 24 CC 3 3 30 70 100 50
Behaviour
Enterprise
MCM –
10 Resource DSE 3 3 30 70 100 50
EL- 21
Planning
Human
11 MCM 31 Resource CC 3 3 30 70 100 50
Management
Business
12 MCM 32 Research CC 3 3 30 70 100 50
Methods
Insurance
13 MCM 33 and Risk CC 3 3 30 70 100 50
Management
Advanced
14 MCM 34 Corporate CC 4 3 30 70 100 50
Accounting
Customer
MCM -
15 Relationship DSE 3 3 30 70 100 50
EL- 31
Management
Fourth Semester
Marks
S Course No. of Exam Distribution Max. Passing
Course title Category
No. Code Credits Hrs Marks Minimum
CIA TEE
Investment
Analysis and
16 MCM 41 CC 4 3 30 70 100 50
Portfolio
Management
Financial
Markets and
17 MCM 42 CC 3 3 30 70 100 50
Financial
Services
Strategic
18 MCM 43 CC 3 3 30 70 100 50
Management
Entrepreneurship
19 MCM 44 CC 3 3 30 70 100 50
Development
MCM- Applied
20 DSE 3 3 30 70 100 50
EL- 41 E-Commerce
Course Objective
Ø To enable learners to familiarise with the basic concepts in accounting and finance
Ø To acquaint the learners with the various concepts, techniques, methods, process of
accounting data analysis and interpretation, decision making in the areas of Financial
and Management Accounting.
Course Outcome
Ø Make use of various tools of accounting for analyze business situation and take
decision
Marginal Costing: Concept – Advantages and Disadvantages – Break even analysis – Cost
volume profit analysis (CVP) – Application of Marginal Costing Techniques, Fixing Selling
Price - Make or Buy, Accepting a Foreign Order, Deciding Sales Mix - Budget and Budgetary
control – Objectives - Type of budgets – Preparation of Cash, Flexible and Master Budgets.
Standard Costing: Meaning and uses - procedure of setting standards - Variance Analysis-
Classification of Variances- Material Cost, Labour Cost, Overhead Cost And Sales Variance
Responsibility Accounting and report writing - Excess present value method - Significance of
Computerized Accounting System - Pre-packaged Accounting software
References:
1. Brigham & Ehrhardt, (2015), Financial Management Text and cases, latest Edition,
Cengage Learning, India
2. Chandra & Iyer, (2012), Financial Management, latest Edition, IBH, India
3. James C Van Horne, Sanjay Dhamija,(2012), “Financial Management and Policy”
latest Edition, Pearson Education, India
4. Khan. M.Y., P K Jain (2014), “Financial Management-Text and Problems”, 7th Edition,
McGraw Hill Education, India
5. Pandey IM, (2013),Financial Management, 10th Edition, Vikas, India
6. Prasanna Chandra, (2012), “Financial Management Theory and Practice”, 8th Edition.
TMH , India
Course Objective :
Ø To equip the students of management with time tested tools and techniques of
managerial economics to enable them to appreciate its relevance in decision-making.
Ø To explore the economics of information and network industries and to equip students
with an understanding of how economics affect the business strategy of companies
in these industries.
Course Outcome :
Managerial economics – meaning, nature and scope - Managerial economics and business
decision making – role and responsibility of managerial economist - Fundamental Concepts
of Managerial Economics – limitations - Utility analysis - Demand Analysis – Meaning,
Determinants and Types of Demand – Elasticity of demand - Demand forecasting -methods.
Supply: Meaning and determinants, Law and Elasticity of Supply, Equilibrium of demand
and supply - Production: factors- Types of production functions – Isoquants- law of variable
proportions, Economies and diseconomies of scale - Cost analysis: – types – cost-output
relationships.
The concept of profit: Profit planning, control and measurement of profits - Profit maximization
– Cost Volume Profit analysis
References :
1. Ahuja, H.L.,(2017) Managerial Economics, latest Edition, S. Chand & Company Ltd.,
New Delhi
2. Chaturvedi, (2012),Business Economics (Theory & Application), latest Edition, IBH,
New Delhi
3. Joel Dean, (2008), Managerial Economics, latest Edition, PHI Learning Private Ltd.,
New Delhi
4. Justin Paul, Leena, Sebastian, (2012) Managerial Economics, latest Edition, Cengage,
USA
5. Maheshwari, (2014), Managerial Economics, latest Edition, Sultan & Chand, New
Delhi.
6. Mithani, D.M., (2009), Managerial Economics, latest Edition, Himalaya Publishing
House, New Delhi.
7. Moti Paul S. Gupta, (2007), Managerial Economics, latest Edition, Tata McGraw Hill
Pub., New Delhi.
8. Narayanan Nadar, E. and S. Vijayan, (2013), Managerial Economics, latest Edition,
PHI Learning Private Ltd., New Delhi.
9. Petersen & Lewis, (2003), Managerial Economics, 4th edition, Prentice Hall of India
(P) Ltd., New Delhi.
10. Sumitrapal, (2011), Managerial Economics Cases & Concepts, latest Edition,
Macmillan, Chennai.
Course Objective
Ø To make learners understand various social, political, legal and economic and other
factors that influence business in India.
Course Outcome
Ø Acquaint with the general business law issues to become more informed, sensitive
and effective business leaders.
Indian Contract Act 1872: Contract – Meaning – Essential elements of valid contract - Nature
of contract – Performance of contract- Discharge of contract - Breach of Contract and the
remedies - Quasi contracts - Indemnity and guarantee – Bailment and Pledge.
Sale of Goods Act, 1930- Sale and Agreement to sell - Condition and Warrantee, Transfer
of Ownership -Performance of Contract of Sale – Remedies for Breach of Contract – Sale
by Auction - Negotiable Instruments Act 1881: Kinds of Negotiable Instruments – Parties’
The Companies Act,(Amended) 2013 - Company definition, meaning, features and types
of Companies - Incorporation of a Company - Memorandum of Association, Articles of
Association and Prospectus- Management and Meetings - Procedure for Winding up of
companies
Factories Act – importance and salient features - Industrial Dispute Act – importance , salient
features and its components - Payment of Wages Act :Components and its implementation
Social security: Payment of Bonus Act, Maternity Benefit Act and EPF Act.
Consumer Protection Act, 1986- its various components - Competition Act, 2000 - Cyber
crime and IT Act - Intellectual Property Rights (IPR) – Copy rights, Trade marks, Patent Act.
References :
1. Kapoor, N.D (2014). Business Law. New Delhi: Sultan Chand & Sons.
2. Saravanavel, S. Mohapatra, S.R. and Balakumar,S. (2014). Business and Corporate
Law, Mumbai: Himalaya Publishing House Pvt.Ltd
3. Garg K.C, V.K Sareen, Mahesh Sharma and Chawla R.C. Business Regulatory
Framework, New Delhi: Kalyani Publishers
4. Tulsian, P.C.(2014). Business Laws. New Delhi: Tata McGraw- Hill Publishings Co.
Ltd
5. Avtar Singh (2016) Company Law. Lucknow: Eastern Book Co.
6. Gulshan S.S. & Kapoor G.K. – Business Law Including Company Law – New Age
International (P) Ltd.
Course Objective
Ø To enable the learners learn nature, scope and structure of International Business.
Course Outcome
Ø Understand the most widely used international business terms and concepts.
Foreign Collaborations and Joint Ventures - Industrial policy and foreign direct investment in
the World Economy - Horizontal and Vertical Foreign Direct Investment and its advantages
- Kinds of collaboration and joint ventures – Negotiating foreign collaboration / joint venture
– Drafting of agreement – Restrictive clauses in the foreign collaboration / joint venture - UN
Code of conduct of transfer of technology –Indian joint ventures abroad.
World Trade in Goods and services – Major trends and developments – World Trade and
Protectionism – Tariff and Non-Tariff barriers - Movements in Foreign Exchange and Interest
rates and their impact on Trade and Investment flow – Functions of Foreign Exchange
Market..
References:
Course Objective
Course Outcome
Ø Get a basic understanding of the value and use of quantitative methods in administrative
and operational problem solving and decision-making.
BLOCK I : Introduction
Significance Tests in Small Samples ( t test) – Testing the significance of the mean of a random
sample - Testing difference between means of two samples (Independent and Dependent
Samples) - Chi-square test- Analysis of Variance (One way and two way classification).
References:
1. Gupta S P (1995), Statistical Methods, Sultan Chand & Sons, New Delhi
2. Gurusamy S, (2018), Operations Research, Vijay Nicole Imprints Pvt. Ltd, Chennai.
3. Joseph D and Anbarasu, (2011), Business Statistics, Vijay Nicole Imprints Pvt. Ltd.,
Chennai.
4. Kothari C R (1998), Quantitative Techniques, Vikas Publishing House, New Delhi.
5. Hooda, R.P (2010), Statistics for Business and Economics, Macmillan, New Delhi.
6. Hein, L.W (2011), Quantitative Approach to Managerial Decisions, Prentice Hall,
Delhi
7. Levin, Richard I. and David S Rubin (2010), Statistics for Management, Prentice Hall,
Delhi.
Semester - II
Course Objective
Ø To enable the learners to understand the capital structure and dividend theories
Course Outcome:
Ø Understand leverages
Sources of Finance: Short Term and Long Term Finances - Purpose - Innovative sources of
Financing – Factors determining the source of finance - Concepts of working capital –Types-
Significance – Determinants of working capital - Issues and Methods of estimating working
capital – Operating Cycle Method – Working Capital Ratios
1. Khan M Y and Jain P K, (2014), Financial management, Text, Problems and cases,
Tata McGraw Hill, New Delhi
2. Murthy A, (2016), Financial Management, Margam Publications, Chennai
3. Maheswari S N, (2016), Financial Management, Sultan Chand & Sons, New Delhi
4. Pandey I M, (2014), Financial Management, Vikas Publishing House, Mumbai
5. Periyasamy, (2015), Financial Management, Vijay Nicole Imprints, Chennai
6. Prasanna Chandra, (2014), Financial Management, 7th edition, Tata McGraw Hill,
New Delhi
7. Tulsian P C, (2016), Financial Management, S.Chand & Company, New Delhi
Course Objective
Ø To familiarise the learners with the various cost concepts, and elements of cost
Course Outcome
Ø Gain familiarity with the various cost concepts, and elements of cost
Cost Accounting – Meaning and Definition – Nature and significance of Cost Accounting -
Implementation of Costing System – Practical difficulties in implementation – Essentials of
good Costing System - Elements of Cost – Cost Concepts and preparation of Cost Sheet
– Methods of Costing
Process costing – Comparison between Joint Costing and Process Costing - costing
procedure under Process Costing - Process Losses – Inter Process Profit – Equivalent
Production - Methods of Computing Equivalent Units- Evaluation of equivalent production–
Joint product and by products costing
References:
Course Objective
Course Outcome
Ø The role of international financial structures, the operation of foreign exchange markets
and the role of risk management for businesses from an international perspective;
Ø Develop and apply a strategy for the collection, analysis, critical evaluation and
interpretation of data.
Concept of Money Market - Developed and Less developed Money Market - Their
Characteristics & Importance - International banking - Domestic Banking – Foreign Trade
Financing - International Financial Transactions: Lending and Borrowing across border
Indian Banking: Reserve Bank of India- Functions, Monetary and Credit Policy and Evaluation
- Banking Reforms in India
Foreign Exchange: Market rate and Currency – Exchange rate determination under Fixed
exchange rate and Floating exchange rate regimes - Determination of exchange rates: Spot
International Financial Institutions and Functions: World Bank – IMF - Asian Development
Bank – International Financial Corporation – importance and functions - International
Development Association - European Monetary Union- European Central Bank-FEMA
Sources of Foreign Exchange – Export Earnings – Invisible Export Earnings - Role of NRI
Remittances – Foreign Direct Investment – Foreign Institutional - Investment External
Commercial Borrowings – Global Depositors Receipts – Offshore Borrowings
References:
Course Objective
Course Outcome
References:
Course Objective
Ø To know the evaluation of ERP, systems, technology and the background of ERP
Course Outcome
Ø Know the evaluation of ERP, systems, technology and the background of ERP
ERP and Related Technologies ERP - Business Process Reengineering (BPR) - Management
Information System (MIS) - Executive Information System (EIS) - Decision support System
(DSS) - Customer Relation management (CRM) - Supply Chain Management (SCM) -
E-Procurement - E-Logistics - Internet Auctions - E-markets - Electronic Business Process
Optimization - Business Objects in SCM - E commerce - Back Office and Front Office
Functions - Post implementation Issues and Development SCM and CRM
Definition and Principles BPR - Role of IT in BPR - IT support for BPR - Strategic Alignment of
IT and BPR - Process Engineering - Enterprise Business Processes - BPR and Organizational
Restructuring - Organizational Systems - Business Process Integration
References:
1. Alexix Leon (2018), Enterprise Resource Planning, 2nd Edition, McGraw Hill.
2. Daniel E. O’Leary, (2016), Enterprise Resource Planning Systems, Life Cycle,
Electronic commerce, University of Southern California.
3. Davenport Thomas H, (1993), Process Innovation, reengineering work through
information technology, Harvard Business School Press, Boston
4. Jylldyche, (2014), ERM Hand Book, Pearson Publishers.
5. Monk (2011), Enterprise Resource Planning, Thomson.
6. Micheql Hammer and Champy James, (2012), Reengineering the corporation,
A manifesto for business revolution, Harper Business NY
7. Murthy (2016), ERP - Text and Case studies, Himalaya Publications.
8. Wisner (2010), Principles of SCM, Thomson Publishers.
Course Objective
Ø To make aware of the learners that HRM is the people who staff and manage the
organisation.
Course Outcome
Training and its importance: Training – Need and Importance – Steps in Training Programme
– Techniques of Training -Evaluation of Training Programmes -Development: Concept of
Management Development Programme – Techniques of Development programmes – Group
Discussion- Conferences and Seminar – Case Studies – Role Playing – Business Games –
Sensitivity Training – Stages of Career Development.
QWL: Quality of working life – Issues in Quality of Working life – Obstacles in QWL - QC &
MBO: Quality Circles –Management by Objectives - Employee Relations: Joint Consultation
and Employee Participation in Management Collective Bargaining.
References:
1. Anjali Ghanekar, (2010), Essentials of Human Resource Management, latest Edition,
Everest Publishing House, New Delhi
2. Aswathappa,K (2013) Human Resource Management, Text and Cases, McGraw Hill
Education; Seventh edition, India.
3. Indranil Mutsuddi, (2011), Essentials of Human Resource Management, latest Edition,
Newage Publishing House, New Delhi.
4. Kahok, M.A. (2012),Illustrated Case Studies in Indian Management, latest Edition,
Everest Publishing House, New Delhi.
Course Objective
Ø To provide methods of research with an emphasis on various stages that are necessary
to obtain and process information to enable well informed decision-making.
Ø To grasp and comprehend the methods and techniques used in research and provide
with the knowledge and skill to undertake research.
Ø To evaluate various analysis tool and appraise the suitability of such tool for presenting
data.
Course Outcome
Ø Familiar to the use of tools and techniques for exploratory, conclusive and causal
research.
Sampling Design: Senses Method and Sampling Method – Principles of Sampling - Methods
of Sampling –Probability and Non-Probability Sampling Methods - Selection of a sample
– Size – Criteria of Good Sample Design -Scaling Techniques: Meaning Types of Scale -
Scale Construction Techniques.
Data Collection: Types of Data – Sources of Data – Primary Data and Secondary Data - Data
Collection Methods – Observation – Survey – Questionnaire – Interview Schedule - Effective
in Interview Techniques and Limitations of Interview-Constructing Questionnaire – Format
of Good Questionnaire – Advantages and Limitations of Schedules and Questionnaire -
Pilot Study- Analysis and Processing of Data: Meaning – Editing – Coding and Tabulation
–Diagrams.
1. Arora, P.N. & S. Arora, (2007) ,Statistics for Management, latest Edition, S. Chand &
Company Ltd., New Delhi.
2. Dwiedi, R., (2011), Research Methods in Behaviour Science, latest Edition, Macmillan
India Ltd., New Delhi.
3. Kothari, C.R., (2019), Research Methodology, Fourth Edition, New Age International
(P) Ltd, New Delhi.
4. Krisnasamy, O.R. and M. Ranganathan, (2010), Methodology of Research in Social
Science, latest Edition, Himalaya Publishing House, Mumbai.
5. Panneerselvam, R., (2010), Research Methodology, latest Editon, Prentice Hall of
India, New Delhi,
6. Vohra, N.D., (2017) Business Statistics, latest Editon, McGraw Hill, New Delhi,
7. Gupta S L (2017), Business Research Methods, latest Edition, McGraw Hill, India
8. Ranjit Kumar (2014), Research Methodology, latest Edition, Sage, India
9. Mukul Gupta & Deepa Gupta (2013), Research Methodology, latest Edition, PHI,
India.
10. Wayne l Winston,(2013), Excel Data Analysis and Business Modeling, latest Edition,
PHI, India
Course Objective
Ø To focus on increasing proficiency in the basic Insurance, rules, policy , Risk in the
workplace, etc.
Course Outcome
Ø Describe the basic Insurance, rules, policy , Risk in the workplace, etc
History of Insurance in world and India- Need for Insurance – Nature and Working of
Insurance - Major Types of Insurance and their Features – Importance of Insurance Industry
- Role of Insurance in Economic Development – Insurance and Social Security - Reforms
in the Insurance Sector- IRDA- Privatization and Liberalization in India - Indian Insurance
Market- New Entrants to the Indian Insurance Market
General Insurance- Concept and Need- Essential Features and Requirements of Fire Policy,
Loss of Profits Policy, Marine Cargo Policy, Marine Hull Policy and Motor Insurance Policy
including Vehicle and Third Party Insurance- Miscellaneous Policies like Personal Accident,
Fidelity Guarantee, Health & Medi-claim, Burglary and Loss of Baggage- Co-insurance,
Double Insurance and Re-insurance- General Insurance Cover Notes – Certificates of
Insurance – Open Policy – Floater – Excess – Franchise – Claims – Salvage – Coinsurance
Loss: Total Loss, Actual or Constructive Loss- Valued Policy – Agreed Value – Full Value –
First Loss – Increased Value – Insurance Time or Institute Cargo Clauses – Solatium
Insurance Market - Public Sector Pioneers in Life and General Insurance Activities - Role of
Insurance Agents and Brokers – Surveyors – Medical Examiners – Third Party Administrators
- Regulators: Insurance Regulatory and Development Authority (IRDA) of India- Insurance
Councils – Ombudsmen – Educational Institutes – Councils – Tariff Advisory Committee -
Insurance Pricing: Factors and Determinants
1. Alka Mittal and Gupta S L (2016), Principles of Insurance and Risk Management,
Sultan Chand & Sons, New Delhi
2. Harrington/Niehaus, (2013), Risk Management and Insurance, Tata McGraw Hill,
India.
3. Mishra M N (2015), Insurance-Principles and Practice, S. Chand & Company, New
Delhi.
4. Nalini P.Tripathy and PrabirPai, (2010), Insurance: Theory and Practice, PHI, India
5. Periasamy P (2016), Principles and Practice of Insurance, Himalaya Publishing
House.
6. Rob Thoyts, (2012), Insurance Theory and Practice, Routledge, UK. SahooS S and
Das S C (2018), Insurance Management, Himalaya Publishing House, Mumbai.
Ø To enable them to develop skills in the preparation of accounting statements and their
analysis.
Course Outcome
Ø The learners can understand and prepare the accounts of Holding Companies
Ø The learner is able to understand and prepare the Double Account System
Ø The learner can understand the concept and component of Indian and International
Accounting Standard
Course Objective
Course Outcome
Ø Able to understand and implement suitable CRM practices and programs for the
company
References :
1. Garikaparthi, Madhavi, (2002) CRM – The New Face of Marketing; ICFAI Press,
Hyderabad .
2. Chaturvedi, Mukesh and Chaturvedi, Abhinav, (2006) Customer Relationship
Management, An Indian Perspective; First Edition, Excel Books, New Delhi.
3. Ramana, V. Venkata, and Somayajulu, G, (2004) Customer Relationship Management,
A key to corporate success; First Edition, Excel Books, New Delhi.
4. Jagdish N Sheth, Atul Parvatiyar, Shainesh G, (2014), Customer relationship
management : Emerging Concepts, Tools, & Applications, Tata McGraw-Hill
Education, New Delhi.
Semester IV
Course Objective
Ø To know how risk should be measured to bring about a return according to the
expectations of the investors
Ø To familiarise the fundamental and technical analysis of the diverse investment avenues
Course Outcome
Ø To enlighten the learners with the Concepts and Practical applications of Security
Analysis and Portfolio Management.
Ø To make the learners familiar with various aspects of portfolio management ranging
from analysis to performance.
Ø To make learners understand trading system and helping them to make quality
investment decision.
Indian Stock Market – Primary and Secondary markets – origins, growth, role membership,
management - Methods of Trading System In Secondary Markets – Listing requirements
and regulation in stock exchange - SEBI regulation towards capital market - Depository
Participants.
BLOCK III : Economic & Industry Analysis
Tools of technical analysis – Charting methods – Market Indicators - Trend –Trend reversals
– Patterns - Moving Average – Exponential moving Average – Oscillators - Market Indicators
– Efficient Market theory. Capital market theory – Efficient set with risk free lending and
borrowing – CAPM – APT - Evaluation of Portfolio performance – alternative measures and
application of evaluation techniques – Portfolio revision.
References :
Course Objective
Ø To make the learners understand the functions and working of stock exchanges
Course Outcome
Ø Gain an understanding of the basics capital and money markets merchant banking
meaning –characteristics – evolution and growth – new financial instruments – major issues
– Capital market instruments – meaning – types – preference shares – equity shares –
non-voting equity shares – company fixed deposits – warrants – debentures and bonds
– global debt instruments – New Issues Market (NIM) – meaning – NIM and secondary
market – methods of marketing securities – intermediaries in NIM – Debt market – meaning
– advantages – risks on debt – role of bond market – price determination – yield of bond
Pre issue management – functions – categories of securities issue – issue manager – role
of issue manager – methods of public issue – book-building – ESOP – OTCEI – Credit
Syndication Services -- Post-issue activities – major activities – steps – factors in public
issue proposal – pricing of issues – law relating to issue management – SEBI regulations
Leasing: Concept, Types, Legal and Tax Aspects, Hire- Purchase, Lease Structuring -
Factoring: Concept and Characteristics, Types of Factoring, Factoring in India, Factoring
and Bill Rediscounting- Forfeiting: Meaning and Mechanism of Forfeiting - Credit Rating
Services: Concept and Types, Function of Credit Rating Agencies- Credit Rating Agencies
in India.
Course Objective
Ø To aid the learners to learn about the process of strategic management, strategy
formulation and implication.
Course Outcome
Ø Develop skills for applying these concepts to the solution of business problems
Strategic Management: Meaning and definition- Strategic Planning and Strategic Management
- Strategic Management process – Mission – Vision and Objectives - Approaches to
Strategic Decision Making; Strategic Role of Board of Top Management - Global Strategic
Management; Strategic flexibility and learning organization.
Strategy Evaluation and Control: Overview – Strategic control process – Operational control
Techniques – Dupont control model – Quantitative and qualitative tools – Porters Approach
for globalization - Emerging Strategic Management issues- Strategic Information System
References :
Course Objective
Course Outcome
References :
Course Objective
Course Outcome
Ø Make them familiar to the change in the business framework due to IT innovations.
Channel conflict management: Security and Encryption – Abuse and Netiquette –Internet
Governance – Economics of E-commerce – Equilibrium price/Electronic Marketing – Taxing
– e-business – Road map for success.
E-commerce – Legal Issues: Software Intellectual property law – Contract law for E-commerce,
warranties and new products – Cyber law issues – Privacy and Transborder flows, fraud –
Security of Information and Risks - : Electronic Highway Robbery – Consumer Protection.
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