SYLLABUS M.F.C.

PART-I ( SEMESTER I AND II) FOR 2011-2012 AND 2012-2013 SESSIONS First Semester MFC 101 MFC 102 MFC 103 MFC 104 MFC 105 MFC 106 Theory Accounting Concepts & Techniques Management Concepts & Organisational Behaviour Business Finance & Policy Business Environment Research Methodology & Statistical Techniques Viva-Voce 50 50 50 50 50 Internal Assessment 50 50 50 50 50 50

Second Semester MFC 201 MFC 202 MFC 203 MFC 204 MFC 205 MFC 206 MFC 207 Management Control Systems Strategic Management Indian Financial System Business Laws Workshop on Business Data Processing & Accounting System Seminar Viva-Voce 50 50 50 50 50 50 50 50 50 50 50

Note : There will be summer training of 6-8 weeks during summer vacations after M.F.C. Part-I (2nd semester).

(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I ( Ist semester) Lectures delivered : 60 Internal Assessment : 50 marks External Assessment: 50 marks

PAPER MFC 101 : ACCOUNTING CONCEPTS & TECHNIQUES INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Accounting : Meaning, Objective and Importance of Accounting function, Basic Accounting Concepts and Conventions, Double Entry System of Accounting, Branches of Accounting : Financial Accounting, Cost Accounting and Management Accounting. Accounting Process leading to Preparation of Journal, Ledger, Trial Balance. Preparation of Financial Statements, their nature and limitations, their need to shareholders, creditors and other interested parties. Corporate reporting : Concept, Reporting Practices in India; A brief Introduction to Accounting Standards in India. UNIT-II Analysis and Interpretation of Financial Statements, Techniques of analysis : Comparative Statements, Common Size Statements, Trend Analysis. Ratio Analysis and AS 20. Fund Flow and Cash Flow Analysis (with special reference to AS 3). Marginal Costing :Concept and application of technique for decision making in business, Cost-Volume-Profit Analysis. Standard Costing: Concept, types of standards, fixation of standards. Variance Analysis: Material variance, labour variance and overhead variance; Budgetary Control: Concept, Steps in budgetary control, Types of budgets, Budgetary Control and Standard Costing, Introduction to Performance Budgeting and Zero Base Budgeting. Uniform Costing and Inter Firm Comparison.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (Ist semester) Lectures delivered : 60 Internal Assessment : 50 marks External Assessment: 50 marks

PAPER MFC 102 : MANAGEMENT CONCEPTS AND ORGANISATIONAL BEHAVIOUR INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Nature and scope of Management, Development of Management Thought, Manager and his environment. Managerial functions; Planning: Concept, Process and Types; Creative elements in decision making, Analytical aids to decision making. Organising: Concept, Principles, Developing Organisation Structure and Common Organisational Designs; Staffing; Directing. Controlling: Nature , Process and Techniques; Decision Making: Process, Organisational Behaviour ; Concept, Significance; Relationship between Management & Organisational Behaviour; Attitude; Perception; Learning; Personality. Unit-II Motivation: need and theories. Group Dynamics and Team Development; Definition and importance, types of groups, group formation, group development, group composition, group performance factors, team development. Leadership : Theories and styles; Communication : Channels, Barriers, Types, Process, Making Communication Effective ; Power and Politics. Organisation Culture ; Concept, Creating & Sustaining Culture, learning culture; Work stress & its management. Organisational Conflicts; Sources, levels and types of conflict; Traditional and modern approaches to conflict; Functional and dysfunctional organisational conflicts; Resolution of conflict. Concept and Need for change, Resistance to change, Theory of Planned Change.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (Ist semester) Lectures delivered : 60 PAPER MFC 103 Internal Assessment : 50 marks External Assessment: 50 marks : BUSINESS FINANCE AND POLICY

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Finance Function: Concept, scope and its relationship with other functional areas. Objectives of finance function: Profit maximisation vs wealth maximisation. Present value concept Time value of money. Risk & Return. Concept of risk, relationship between expected rate of return and risk. Models for risk & return. Investment Decision Making: Capital Investment decision making process, principles of capital budgeting. Methods for appraising capital investments- Discounted cash flow techniques, Non Discounted cash flow techniques . Capital rationing. Capital budgeting under risk and uncertainty. Cost of Capital: Meaning and significance, cost of debt, preference capital, equity capital and retained earnings. Weighted average cost of capital. UNIT-II Leverage: Concept, types, financial, operating and combined leverage, measurement and their impact on profit. Capital structure theories, Capital Structure Planning, Capital Structure in practice. Dividend Policy: Forms of dividend, theories of dividend policy, stability, dividend policy in practice. Working Capital Estimation and Management. Operating cycle concept, Determinants of working capital, Management of inventory, cash and receivables. Working Capital Financing: Spontaneous vs negotiated financing. Recent developments in working capital financing system in India. Mergers and Acquisitions Financial aspects.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (Ist semester) Lectures delivered : 60 Internal Assessment : 50 marks External Assessment: 50 marks

PAPER MFC 104 : BUSINESS ENVIRONMENT INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Theoretical Framework of Business Environment : Concept, significance and nature of business environment; Elements of environment : internal and external; Changing dimensions of business environment; Techniques of environmental scanning and monitoring. Economic Environment of Business ; Significance and elements of economic environment, Economic systems and business environment; Economic planning in India ; Government policies: Industrial policy, fiscal policy, monetary policy, EXIM policy; Public Sector and economic development; Development banks and relevance to Indian business; Economic reforms, liberalisation and structural adjustment programme. UNIT-II Political and Legal Environment of Business ; Critical elements of political environment ; Government and business; Changing dimensions of legal environment in India; FEMA and licensing policy; Consumer Protection Act. Socio-Cultural Environment: Critical elements of socio-cultural environment; Social institutions and systems; Social values and attitudes; Social groups; Middle class; Dualism in Indian society and problems of uneven income distribution; Emerging rural sector in India; Indian business system; Social responsibility of business; Consumerism in India. International and Technological Environment : Multinational corporations; Foreign collaborations and Indian business; Non-resident Indians and corporate sector ; International economic institutions : WTO, World Bank, IMF and their importance to India; Foreign trade policies; Impact of Rupee devaluation; Technological environment in India ; policy on research and development; Patent laws; Technology transfer.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (Ist semester) Lectures delivered : 60 Internal Assessment : 50 marks External Assessment: 50 marks PAPER MFC 105 : RESEARCH METHODOLOGY & STATISTICAL TECHNIQUES INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Introduction to Statistics, Measures of Central Tendency : Mean, Mode & Median, Measure of Dispersion, Correlation coefficient : Simple, Partial and Multiple. Regression : Simple and multiple (three variables only) and their estimation by least square method. Time Series Analysis : Meaning & Need, Secular Trend, Seasonal variations, Cyclical and Irregular Fluctuations. Index Numbers: Need and Meaning, Wholesale Price index Number and cost of living index numbers Probability : Additive and multiplicative laws of probability, Probability distribution functions : Binomial, Poisson's and Normal Distributions and their applications. . UNIT-II Linear Programming: Graphic and Simplex Method, Transportation Problem, Assignment Problem. Introduction to research, Nature, Objectives and Utility, Types of research, Problem formulations. Research Design Construction : Sampling Methods (probability and nonprobability based), Sampling and non-sampling errors, methods of Data collectionPrimary and Secondary Sources. Questionnaire Design, Scales : Rating Scales and Attitude Scales, Hypothesis : Null and Alternative Hypothesis, type I & II errors, Testing of Hypothesis : Parametric Tests (Z, t and F Test ) and Non-parametric Tests (Chi-Square and Kendall's Coefficient of Concordance ( W test), Data Analysis, Report Writing.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (2nd semester) Lectures delivered : 60 Internal Assessment : 50 marks External Assessment: 50 marks

PAPER MFC 201 : MANAGEMENT CONTROL SYSTEMS INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Nature of Management Control System (MCS) : Basic Concepts, boundaries of Management Control. Management Control Environment; Understanding Strategies, Goals, Business Unit Strategy. Behaviour in organisations, Goal Congruence, Informal factors influencing goal congruence, Formal Control Systems. Responsibility Centres: Concept, nature, types. Expense Centres: Engineered and Discretionary Expense Centres, Administrative & Support Centres, R & D centres. Revenue Centres. Profit Centres: General considerations, Business Unit as profit centre. Transfer pricing: objectives, methods of transfer pricing. UNIT-II Investment Centres: Structure of analysis, EVA vs ROI. Budget preparationprocess, behavioural aspects of budgeting, Quantitative techniques in budgeting; Performance Measurement Systems, Interactive Control, Balance Score CardConcept, implementation. Analysing financial performance Reports: calculating variances, variations in practice, limitations of variance analysis Modern Control Methods: JIT, TQM, CIM . Management Control of project; Control Environment, Project planning, execution and evaluation. Techniques for project implementation & control: PERT, CPM; Critical path, event slacks & activity Floats.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (2nd semester) Lectures delivered : 60 PAPER MFC 202 Internal Assessment : 50 marks External Assessment: 50 marks : STRATEGIC MANAGEMENT

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Business Policy: Meaning, Nature, and scope, Strategic Management: Meaning and Scope, Stages and Components, Strategic objectives: Types and hierarchy, Determination of Various objectives, Difference between business policy and strategic management, Sources of strategies and policies. Environmental Analysis and Diagnosis : Concept of environment and its components; Environment scanning and appraisal; Organisational appraisal; Strategic advantage analysis and diagnosis; SWOT analysis. Strategy Formulation : modernisation, diversification, integration; Merger, take-over and joint strategies; Turnaround, divestment and liquidation strategies; Process of strategic choice : industry, competitor and SWOT analysis, Factors affecting strategic choice ; Generic competitive strategies : cost leadership, differentiation, focus, value chain analysis, bench marking, service blue printing. UNIT-II Functional Strategies : Marketing, production/operations and R&D plans and policies, Personnel and financial plans and policies, Strategy Implementation : Interrelationship between formulation and implementation; Issues in strategy implementation; Resource allocation. Strategy and Structure : Structural consideration, structures for strategies; Organisational design and change ; Strategy Evaluation : Overview of strategic evaluation, Strategic control, Techniques of strategic evaluation and control; Global Issues in Strategic Management.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (2nd semester) Lectures delivered : 60 PAPER MFC 203 Internal Assessment : 50 marks External Assessment: 50 marks : INDIAN FINANCIAL SYSTEM

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Introduction: Nature and role of financial system; Financial system and economic development; Indian financial system an overview. Financial Markets: Money and capital market; Money market meaning , constituents, functions of money market; Money market instruments call loans, treasury bills, certificates of deposits, commercial bills, trade bills etc; Recent trends in Indian money market; Capital market- primary and secondary markets; their role and recent developments; Government securities market. SEBI: Objectives and Functions. Reserve Bank of India: Organisation, management and functions; Recent Monetary policy of RBI. Commercial Banks: Meaning, functions, Present structure; E-banking; Recent developments in commercial banking. UNIT-II Development banks: Concept, objectives, and functions of development banks; Role of development banks; IFCI, IDBI, NABARD, SIDCs, SIDBI; State financial corporations. Non-banking financial institutions: Concept, role and functions of nonbanking financial institutions; Major Sources of finance. Financial Instruments: Shares, Debentures/Bonds including Floating Rate Bonds, Zero Coupon Bonds, Deep discount bonds. Warrants, Derivatives: Futures, Options swaps. ADRs, GDRs, IDRs Interest Rate Structure: Determinants of interest rate structure; Differential interest rate; Recent changes in interest rate structure. Foreign Investments: Types, trends and implications; Regulatory framework for foreign investments in India.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (2nd semester) Lectures delivered : 60 PAPER MFC 204 Internal Assessment : 50 marks External Assessment: 50 marks : BUSINESS LAWS

INSTRUCTIONS FOR PAPER SETTER/EXAMINERS The question paper will consist of three sections. Section A will have 8 short answer type questions covering entire syllabus and candidates are required to attempt any 5 questions. Each question will carry 2 marks. Section B and C (consist of unit I and II of the syllabus respectively) will have four questions each from respective units and candidates are required to attempt two questions from each section B and C. Each question in section B and C shall carry 10 marks. UNIT-I Indian Contract Act : Offer and Acceptance, Consideration, Capacity of the parties, Free consent, Legality of object and consideration, Contingent contracts; Indemnity and Guarantee; Bailment; Agency. The Negotiable Instruments Act, 1881: Definition, types of negotiable instruments; Negotiation; Holder and holder in due course; Payment in due course; Endorsement and crossing of cheque; Presentation of negotiable instruments. UNIT-II Concept of Corporation & Legal Entity, Formation of a company; Memorandum and Articles of Association, Doctrine of Ultra Vires, Doctrine of Indoor Management, Alteration of Memorandum and Articles; Prospectus, Members of company, Shares & share capital, Transfer and Transmission of shares. Borrowing powers of the company, Fixed and Floating charge. Management of companies, Directors and other managerial personnel; Meeting of directors and share holders; Investigations; Winding up and dissolution; E-Business and cyber law, Competition Act.
(MFC 11) *YADAV*

(2011-2012 & 2012-2013)

Syllabus of M.F.C.-I (2nd semester) Lectures delivered : 60 Internal Assessment : 50 marks

PAPER MFC 205 : WORKSHOP ON BUSINESS DATA PROCESSING AND ACCOUNTING SYSTEM UNIT-I Personal Computer : Introduction, characteristics, Generations, Types, functions, components. Computer Organisation: CPU, Components of CPU, Memory ( Primary and Secondary Memory). Computer Software: System software, applications utility software, compiler, interpreter, Assembler. Computer Hardware: Processor unit, input, devices, output Devices. Introduction to HTML and Web designing. MS-office: Word Processing- Features of good word processor, working with MS-word, Word Basic Commands, Formatting Text and documents working with graphics, Tables and Sorting, Mail Merge. UNIT-II Financial analysis using MS Excel: spread sheets; Use of spreadsheets, screen display, cell reference, entering data, formatting cells in worksheets/ printing worksheets/ creation of work sheets for different modules of financial analysis. MS-Access: Understanding database, creating Tables, Query and Report PowerPoint- Creating Presentations with PowerPoint, PowerPoint Basics, Various views, Sound effects and Animation Effects. Graphics in Power Point. Accounting Packages: Computerized Accounting- Meaning and FeaturesAdvantages and disadvantages-Computerized vs. Manual Accounting. Entering Transactions: Vouchers-Types-Numbering-Deleting and Editing Vouchers-Opening and Closing balances Stock Valuation. Maintenance of accounting Books and final accounts, Financial Report generation using Tally, Inventory record keeping using Tally. Practical knowledge on wings Accounting and Tally. Tax Accounting: Value added Tax (VAT) : VAT Register, Vat ReportsService tax: Service Tax Register Service Tax Reports using Tally, SPSS.
(MFC 11) *YADAV*