Major Finance

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BACHELORSOFBUSINESSADMINISTRATION

Major FINANCE

FIN 410 Commercial Banking

FIN 420 Investment Banking

FIN 430 Analysis of Financial Statements

FIN 440 BudgetingFIN 460 Development Economics

FIN 470 Multinational Financial Management

FIN 480 Derivatives Investment

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Course Title: Commercial BankingCourse Code: FIN 410

Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: FIN 260

Aims and Objectives:

The purpose of this course is to familiarize the students with various practical aspects of commercial banks,

their nature, significance, modus operandi, etc. It covers the different departments into which the operations

of banks are divided and the interrelationship that exists between them.

Course Outlines:

1. Introduction to Bank Management

Banking Structure

Banks Financial Statements

2. Basic Asset, Liability and Capital Decisions

Banks Reserve Needs

Banks Liquidity Needs

Managing the Security Portfolio Acquisition and Cost of Bank Funds

Capital Planning Adequacy and Generation

Capital Acquisition and Management

3. Managing the Loan Portfolio

The Bank Credit Organization

Lending Principles and the Business

Commercial Lending

Consumer Lending

4. Special Markets

Agricultural Loans

Real Estate Loans

Small Business Loans

Lease Financing

RECOMMENDED TEXTBOOKS:

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Bank Management - Text and Cases, by Hempel, Simonson & Coleman, (4th

Edition), John Wiley & Sons, 1994.

Modern Banking in Theory and Practice, by Shelagh Heffernan, John Wiley &

Sons, 1996. (Latest Edition)

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Course Title: Investment BankingCourse Code: FIN 420



An advanced level course in finance and security analysis. The course goes deep into the concept and

application of valuation as it applies to the process of buying and selling of the portfolio theory as it applies

to the setting up of mutual funds. The regulations concerning buying and selling of securities are also

discussed.

Course Outlines:

1. Investment Banking Today

2. Global Market Integration

3. Raising Capital4. Initial Public Offering

5. Emerging Growth Companies

6. Capital Financing

7. Leveraged Buyouts8. Mergers and Acquisitions

9. Investment Management in an Investment Banking Firm10. Commercial Papers

11. Innovative Instruments and Transactions

12. Tax-exempt Securities Market

13. The economies of Brokerage14. Investment Banking

Recommended Textbooks:

Inside Investment Banking, by Block , E.,, Homewood, ILL . Dow Jones Irwin,1986

Investment Banking Handbook, by Williamson , J. P.,, New York : Wiley, 1986.

Financial Institution Management: A modern perspective, by Anthony Saunders Irwin.

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Course Title: Analysis of Financial StatementsCourse Code: FIN 430



The objective of the course is to prepare the students in accounting and analytical

techniques in order to enable them to see through the final reports for the hiddenfinancial information. Create conceptual understanding regarding the mechanics of

accounts behind the financial reports and their effects on the accounting results.

Course Contents:

1. Requirements of Financial Statement Analysis The Raw material of

Analysis

Analysis of current assets

Analysis of non-current assets

Analysis of liabilities

Analysis of stockholders equity

Inter-corporate investments, business combinations and foreign operations

Analysis of income statement

Computation and evaluation of earnings per share

Statements of changes in financial position

Effects of price changes on financial statements

Auditing considerations

2. Further Issues in Financial Statement Analysis

Analysis of short-term liquidity

Analysis of capital structure and long-term solvency

Analysis of return of investment and of asset utilization

Analysis of results of operations

The evaluation and projection of earnings

3. Comprehensive analysis of financial statements

Recommended Books:

Ashwin & Sondhi, Analysis of Financial Statements.

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Practical Financial Statement Analysis, by Foulke, R.A. (6th Edition), New York:

McGraw-Hill, 1968.

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Course Title: BudgetingCourse Code: FIN 440



The course will prepare the students for the managerial function of planning and control.

It aims to acquaint them with various techniques and tools used for planning andapplication of controls. It will provide a conceptual platform for decision making

Course Outlines:

1. Budgeting, its objectives

2. Preparation of Budgets for sales, productions, capital expenditures and

manufacturing expenses3. Budgeting commercial expenses

4. Cash Budget

5. Forecasted Balance Sheet and Income Statement6. Flexible Budgeting

7. Responsibility Accounting

8. Standard Costing9. The Nature of Break-even Analysis, Cost-Volume-Profit Analysis.

10. Differential Cost Analysis, Application in case of Accepting additionalorders, Reducing prices Make or Buy decisions etc.

11. Activity based costing12. Activity based budgeting


Matz, Adolph and Usry, Milton F., Cost Accounting Planning and Control, Chicago,

South-Western Publishing Co.

Kaplan, Robert, Advanced Management Accounting, New Delhi, Prentice Hall of

India Private Limited.

Fischer, Paul M., Cost Accounting Theory and Applications Chicago, South-WesternPublishing Co.

Maiz Usry, Cost Accounting Planning & Control, South-Western Publishing Co.

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Course Title: Development EconomicsCourse Code: FIN 460

Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: ECO 160


The aim of this course to study special economic problems of developing economy in general. Economic

growth and planning for the economic development are discussed in particular.

Course Outlines:

1. Economics, Institutions, and Development: A Global Perspective

How the other Three-Quarters Live.

Economics and Development Studies.

Economies as Social Systems: The Need to Go Beyond Simple Economics

What Do We Mean by Development?

2. Diverse, Structures and Common Characteristics of Developing Nations

Some Classifications of Developing Countries.

The Structure of Third World Economies.

Common Characteristics of Developing Nations.

3. Theories of Development: A Comparative Analysis

Leading Theories of Economic Development: Five Approaches.

The Linear-Stages Theory.

Structural-Change Models

The International-Dependence Revolution

The Neoclassical Counterrevolution.

The New Growth Theory

Theories of Development : Reconciling the Differences

4. Historic Growth and Contemporary Development: Lessons and

Controversies

The Growth Game

The Economics of Growth: Capital, Labor, and Technology

The Historical Record: Kuznet's Six Characteristics of Modern EconomicGrowth

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The Limited Value of the Historical Growth Experience: Differing Initial

Conditions.

5. Growth, Poverty, and Income Distribution

The Growth Controversy

Some basic Concepts: Size and Functional Distributions of Income

A Review of Evidence: Inequality and Absolute Poverty in Third World

Countries

Economic Characteristics of Poverty Groups

Income Levels, Growth, and the Extent of Poverty: The kuznets

Hypothesis and Other Tests

Redefining Development Goals: Growth with Improved Income

Distribution.

The Role of Economic Analysis: Redistribution from Growth

The Range of Policy Options: Some Basic Considerations

6. Population Growth and Economic Development: Causes, Consequences, and

Controversies

The Basic Issue: Population Growth and the Quality of Life.

A Review of Numbers: Population Growth - Past, Present and Future.

The Demographic Transition

The Causes of High Fertility in Developing Countries: The Malthusian

and Household Models

The Consequences of High Fertility: Some Conflicting Opinions

Goals and Objectives: Toward a Consensus

Some Policy Approaches

7. Unemployment: Issues, Dimensions, and Analyses

The Employment Problem: Some Basic Issues

Dimensions of Third World Unemployment: Evidence and Concepts

Economic Models of Employment Determination

8. Urbanization and Rural-Urban Migration: Theory and Policy

The Migration and Urbanization Dilemma

Urban Unemployment

Migration and Development

Internal migration in Developing Nations: Some General Facts

Toward an Economic Theory of Rural-Urban Migration

9. Agricultural Transformation and Rural Development

The Imperative of Agricultural Progress and Rural Development

Agricultural Stagnation and Growth, 1950-1990

The Structure of Third World Agrarian Systems

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The Important Role of Women

The Economics of Agricultural Development: Transition from Peasant

Subsistence to Specialized Commercial Farming

Toward a Strategy of Agricultural and Rural Development: Some Main

Requirements

10. The Environment and Development

Economics and the Environment

Environment and Development: The Basic Issues

The Scope of Environmental Degradation: A Brief Statistical Review

Rural Development and the Environment: A Tale of Two Villages

Traditional Economic Models of the Environment

Urban Development and the Environment

The Need for Policy Reform

The Global Environment: Rain Forest Destruction and Greenhouse Gases

Policy Options in Developing and Developed Countries

11. Education and Development

Education and Human Resources

Education in Developing Regions

The Gender Gap: Women and Education

The Economics of Education and Employment

Education, Society, and Development: Some Issues

12. Foreign Finance, Investment, and Aid: Controversies and Opportunities

The International Flow of Financial Resources

Private Direct Foreign Investment and the Multinational Corporation Multinational Corporations: Size, Patterns, and Trends

Foreign Aid: The Development Assistance Debate


Economics of Development, by Gillis, M., D.H. Perkins, M. Roemer and D. R.

Snodgras (1992), third Edition, New York: Norton & Company, Hereafter: GPRS

Economic Development in third World, by Todaro, Michael P. (1994).New York &

London: Longman. Hereafter: Todaro

Leading Issues in Economic Development, Fifth Edition. New York: OxfordUniversity Press. 5-15. Hereafter: Meier ,Chapter 1 and 2, by Todaro.

Economic Development, by Higgens, B. (1959), W.W.Norton & Company. INC.

New York.

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Course Title: Multinational Financial ManagementCourse Code: FIN 470

Credit Hours: Three (3)

Semester: Specialization for BBA

Prerequisite: FIN 260


The course provides a conceptual framework wherein the key financial decisions of the

multinational firms can be analyzed. The subject treats international financial

management as a natural and logical extension of the principles learnt in the financial

management course. The course builds on and extends valuation framework provided bydomestic corporate finance to account for dimensions unique to international finance. It is

particularly useful for those students who want to specialize as Financial Analyst in the

world context and want to qualify professional examinations.

Course Contents:

1. Introduction: Multinational enterprise and multinational financial management

2. Environment of International Financial Management

(i) The Determination of Exchange Rates(ii) The International Monetary System

(iii) The Balance of Payments and International Economic Linkages

(iv) The Foreign Exchange Market(v) Currency Futures and Options Market

(v) Parity Conditions in International Finance and Currency Forecasting

3. Foreign Exchange Risk Management:

(i) Measuring Accounting Exposure

(ii) Managing Accounting Exposure(iii) Measuring Economic Exposure

(iv) Managing Economic Exposure

4. Multinational Working Capital Management:

(i) Financing Foreign Trade

(ii) Current Asset Management

(iii) Managing the Multinational Financial System

5. Financing Foreign Operations:

(i) International Financing and International Financial Market(ii) Special Financing Vehicles

(iii) International Banking Trends and Strategies

(iv) The Cost of Capital for Foreign Investment

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6. Foreign Investment Analysis:

(i) International Portfolio Management

(ii) Corporate Strategy and Foreign Direct Investment(iii) Capital Budgeting for the Multinational Corporation

(iv) The Measurement and Management of Political Risk


Foundations of Multinational Financial Management: 1999 Edition by Allan CShapiro: Prentice Hall

The Global Financial System: 2000 Edition by Dwight D Crane (Editor)

Comparing Financial Systems: 2000 Edition by Frank Allen et al.

International Finance: The Markets and Financial Management of Multinational

Business; 2000 Edition; by Mauric Levi

Student Guide by Allen C Shapiro

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Course Title: Derivatives InvestmentCourse Code: FIN 480



Prerequisite: FIN 260, QTM 220


Financial derivatives are techniques for using statistical theory to minimize risk and

maximize profits in banking and other financial institutions. The course is concerned with

pricing and hedging of derivative securities. This subject has undergone rapid a

expansion over the last two decades. This rapid expansion can be partly explained by therealization by the financial institutions that the theory of derivative pricing can be used to

great benefit for the hedging of risk associated with writing options. Now every major

financial institution in Europe, North America and Asia trades or uses derivatives in one

form or another. The course aims at providing knowledge underlying derivative pricingand a guide to applying these ideas to solve real pricing problems.

Course Contents:

Single Period Options Pricing

Brownian Motion

Martingate

Stochastic Integration

Girsanov and Martingate Representation

Stochastic Differential Equation

Option Pricing in Continuous Time Dynamic Term Structure Models

Modelling in Practice

Basic Instruments and Terminology

Pricing Standard Market Derivatives

Future Contracts

Pricing ExoticAmerican and Path-Dependent Derivatives

Short Rate Models

Market Models

Markov Functional Modelling

Legal Risk: A Review of Case Laws affecting Swaps and relatedDerivatives Instruments

The Economics of Derivatives Documentation

Risk Measurement

Risk Oversight: the Board of Directors Role. Risk Oversight for Senior

Managers. Controlling Risk in Dealers

Firmwide Risk Management: An Integrated Approach to Risk

Management and Internal Control

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Regulation: Functional Regulation. Functional and Institutional

Interaction, Regulatory Uncertainty, and the Economics of Derivatives Regulation

Transparency and Disclosure. Derivatives Address. PositionTransparency: What do we need to know? When do we need to know it?

Hedge Accounting: An Exploratory Study of the Underlying Items.


Financial Derivatives in Theory and Practice: PJ Hunt, Joan Kennedy; Edition 2000:

John Wiley

Derivatives Handbook: Risk Management and Control; Robert J Schwartz; Edition2000; Wiley Series in Finance

Risk Management and Financial Derivatives: Satyajit Das; edition 2000

Options, Futures, and Other Derivatives (with Disk); John C Hull; edition 2001

Derivatives: the Wild Beast of Finance

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Major INFORMATION TECHNOLOGY

IT 420 System Analysis and Design

IT 425 Databases Design

IT 435 Advance Programming in Computer

IT 440 Computer Architecture and Operating

Systems

IT 460 Data Communication and Computer

Network

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Course Title: System Analysis & DesignCourse Code: IT 420



Prerequisite: IT 110, IT 210

Aims & Objectives:

This course focuses on the understanding of system development life cycle and methods

and techniques used to perform structured analysis and design of Information Systems. A

project will also be assigned to individuals or groups. The purpose of the project is to

make the students apply the techniques they have learned through out the course and getinside prospective of how Information Systems are developed.

Course Contents:

Intro to System Analysis

Who is a System Analyst?System Analyst as a Facilitator

System Analysis

What is system design

System Development Life Cycle

System Development Life Cycle

Information System Development Life Cycle (1st ed)

Feasibility Methodologyss

Underlying Principles

Structured Analysis Techniques

Building Blocks

Traits of an Analyst

Data Modeling

Advantages of Data Modeling

Entity Discovery

Attributes, Properties of Data

Data Modeling ( Key Based Model, Fully Attributed Model)Cases on Data Modeling

(a) Student Registration

(b) Order Processing System(c) Tours/ Travel agency

Process Modeling:

Entities/ Agents, Process, Data Stores, Data Flows

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Common Errors

Black Holes, Miracale

Network ModelingProcess Modeling

(a) DFD

(b) Symbols used for Modeling(c) Common DFD errors

(d) Common Mechanical Errors

Data Model for the Group Project Discussion.Data Model for the Group Project Submission.

(a) Cash & Bank System

(b) Registration and Fee Slip Generation System

(c) Costing System

Object Modeling:

Class, Inheritance, Generalization, Super type, Sub Type, Objects,

Relationships Multiplicity, Polymorphism

Process of Modeling

Case Modeling

Design

Input /Output Design

Data Capture

Issues for Input Design

Internal Control for Input, GUI controls

Proto Type

Output Design (Reports)

Output Media & Format

Process Model for the Group Project Discussion.

Process Model for the Group Project Submission.

System Implementation

Group Presentation of Project

Recommended Textbook:

System Analysis & Design by Jeffery L. Whitten, Lonie D. Bentley

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Course Title: Databases DesignCourse Code: IT 425

Credit Hours: Three (2+1) (2 hours class and 2 hours lab)


Prerequisite: IT 110, IT 210

Aims & Objectives:

This course is designed to provide the students an understanding in the theory and

implementation of databases. Emphasis is on how to design information system and how

to create relational databases. Extensive hands on DDL SQL.

Course Contents:

What are Databases

What is a Database System

File Structures and File Accessing Method:

Types of Databases

Overview of Databases Management System

Architecture of Database Systems.

Internal, External, Conceptual Level

Database Administrator

Distributed Databases

Distributed Processing

Data Communication Manager

What is a Table:

(Field, Record)

Client Server

(Getting SQL and Network accounts)

SQL (Select)

Process of DBMS

Functions of DBMS

Benefits of DB Approach

Utilities of DBMS

Intro to Relational Databases

(Insert, Update, Delete)

Relational Database

Domains and Relations

User Defined, system Defined, Domains Constraint

Properties of Relations

Kind of Relations

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Relational Data Integrity

Candidate Keys, Foreign keys, Rules of Foreign Keys

Nulls and effect of nulls on Foreign and Primary Keys

Create Structures of Databases (Base Tables, Views, Snap Shots ) Joins

Reference

Relational Operators

Relational Algebra (Divide, Join, Union, Product, minus)

SQL (Group Functions, Drop, Alter, Union, Intersection, Cascade

Options)

SQL (Distinct, Order by, Alias)

SQL (Nested SQL, Group Functions)

Database Design

Normalization (1st, 2nd, 3rd)

Entity Relationship Diagrams

Recovery

Transactions, Transaction Recovery

Acid Properties

System Recovery

Media Recovery, Two Phase Commits

Concurrency

Three Concurrency Problem

Locking, Deadlocking

Security

Integrity

Integrity Rule

Domain Rule

Attribute Rule

Database Rule

Check, Reference, Trigger

DBA on Oracle

Recommended Textbook:

Database Systems by C. J. Date.

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Course Title: Advance Programming in ComputerCourse Code: IT 435

Credit-hours: Three (2+1) (2 hours class and 2 hours lab)


Prerequisite: IT 160

AIMS & OBJECTIVES:

To cover in depth the most current programming techniques in the context of object oriented paradigm. In

this course the students will apply C++ effectively in data abstraction and object oriented design.

COURSE CONTENTS:

1. Structures: Structure specification

Structure definition

Accessing structure elements

2. Special type of Functions:

Virtual Functions, Friend Functions, Static Functions

3. Files and Streams:

Streams, string I/O

Character I/O

Object I/O I/O with multiple objects

File pointer, disk I/O with member functions

Error handling, redirection of input and Output

Command line arguments, printer output

4. Introduction to object Oriented Programming:

Advantages of object oriented approach

Objects, class, Inheritance, reusability

Creating new data types, polymorphism, overloading

5. Dealing with Classes and objects In C++:

Specifying and using classes and objects

Constructors and destructors

Objects as function argument

Returning objects from functions

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6. Operator overloading:

Overloading unary operators

Overloading binary operators

Data conversion Pitfalls of operator overloading

7. Inheritance

Derived and base classes

Derived class constructors

Overriding member functions

Class hierarchies

Public & private inheritance

Levels of inheritance

Multiple inheritance

RECOMMENDED TEXTBOOK:

Kip R Irvine, C++ and object oriented programming.

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Course Title: Computer Architecture and Operating SystemsCourse Code: IT 440


Semester: Specialization for BBAPrerequisite: IT 110

Aims & Objectives:

This course deals with two areas (a) Operating Systems (b) Computer Architecture. Thefirst part is an overview of computer architecture, and the second part deals with the

understanding and functioning of operating systems. The aim of the course is to learn

how these programs control and manage the devices on the computer. The course isgoing to have hands on training on some basic functions of the operating systems like

Unix, Windows and NT.

Course Contents:

1. Architecture

2. Introduction of Computer System Architecture

Evolution of Computers

Hardware and firm Ware

Computer Software

3. Basics of Computer architecture (computer structures)

Types of Computers and future trends computer instruction set

Addressing modes and instruction Types

4. Input/output Design

Programmed I/O, standard I/O unconditional programmed I/O

Interrupt I/O computer organization

5. Operating System

6. Functions and Structures of an Operating System.

7. Responsibility of an operating System

8. Process Management/ Scheduling Techniques

9. C.P.U scheduling alghorithims

10. Memory Management Techniques

Virtual Memory

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11. File Management


Rafiq-uzzaman and Chandra Galgotia, Modern Computer Architecture.

Abrahm Silberschatz, Peter Galvin, Operating System Concepts.

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Course Title: Data Communication and NetworksCourse Code: IT 460



Prerequisite: IT 110

Aims & Objectives:

This course is designed to provide the students an understanding of computer networks

and data communications. The students would study different types of topologies and

protocols and implement the network component of applications.

Course Contents:

Computer Networks

Communication System Devices

Channel characteristics

Transmission Modes, Modulation

Modems

Network Architecture

Layered Protocol

ISO Reference Model

TCP/IP

RS-232-c and RS-449

X.21

Error Detection and Correction

LAN

IEEE 802

Packet Switching, Segmentation, Re-assembly

Virtual Circuits and Datagrams

X.25

Flow and congestion control

Routing

Transport services

Network Security and Management

File Transfer and Access Management

E-mail, Internet and virtual terminals.


John R. Freer, Computer Communications and Networks, IEEE

Fred Halsall, Data Communication, Computer Networks and open systems

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Course Title: Software Application in BusinessCourse Code: IT 161

Credit Hours: Three (2+1) (2 hours class and 2 hours lab)Semester: Second Semester

Prerequisite: Nil

Objectives:

In this highly technologically advanced and competitive job market, each graduatingMBA students will encounter a number of software applications installed on the

computer desktop as soon as they start their new career.

This course ill familiarize them with the management aspect of the most common

software used in the industry today.The students will be required to find a business which could benefit from one of these

software packages and implement it for that company.

Emphasis of this course is to prepare the student to Familiar and use these software packages with ease and comfort.

Make informed decisions as manager in a corporate environment.

Core Components Include

Advanced Microsoft, Office (Word, Excel, Power Point, Project) Tips andTechniques

Using Contact Management software as MS-Outlook/Exchange

Document Management Via Lotus Notes

Planning and implementation, Management and Using the HRM model ofmy SAP.

Over view of Accounting software, QuickBooks (Small Business),Peachtree Accounting (Medium sized Business) and mySAP Accounting (Large

Business).

Overview of People soft HRM software, mySAP HRM Module

mySAP Business Management Module

E-mail, Internet and virtual terminals.


Microsoft Office Tips and Techniques

Baic Lotus Notes

mySAP for Managers

Basic Quickbook tips and techniques

Basic Peach Tree Tips and techniques

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Managing with Peoplesoft

Documents

Major Finance