Programme Details & Learning Objectives
Course Commencement: July 2008
12-month program consisting of 2 Semesters (13 Courses, 30 Credits)
6 courses in Semester I & 7 courses in Semester
II
Each Semester is of 24 weeks + 1 week of exams
Classes to be held 3 days a week
Each course meets 1.5 hours per week
Program Timings: 7.00 pm – 10.30 pm
PGDF Fees: Rs. 100,000 per student + Dinner Expenses
Eligibility : Graduates with a minimum of two years of work-experience
Application Procedure : Download Application form, fill it, attach a copy of your
resume and send it to the program director
Please note that the last to submit hard-copy of the application form for
this program is 30-June-2008
Program Director: Prof. Anant Gupta (CA, MBA-Chicago, USA)
Contact: anant_gupta@scmhrd.edu
This PGDF program is meant for executives already working in Finance/Accounting
function (not being MBAs) as well as those who aspire to work in Finance function
in near future having either accounting, economics, science or engineering background.
It shall be concerned with financial decision-making and financial instruments and
markets. Students shall learn how to apply economic and financial theory to obtain
solutions to financial problems, such as choosing among alternative investment projects
and evaluating proposed investment strategies. Courses shall focus on managing investment
portfolios and corporate finance. This PGDF program shall prepare students for careers
in corporate finance and treasury management, investment banking, commercial banking,
insurance, asset management & portfolio management. It shall be designed to
provide students with advanced skills in applied finance required in today’s
competitive financial environment.
ACADEMIC CURRICULUM
Semester I
Financial Accounting (2 Credits)
An introduction to basic financial accounting topics: GAAP & accounting conventions
(Matching, Consistency, Conservatism, Going concern, Revenue recognition etc.),
major financial statements (Balance sheet, Profit & Loss account & Cash
flow statement), accrual accounting, financial reporting alternatives, financial
statement analysis and other related areas.
Managerial Accounting (2 Credits)
An introduction to basic managerial accounting topics: cost behavior, cost systems
& concepts, short and long term decision-making, product costing, activity-based
costing, marginal costing & break-even analysis, standard costing & variance
analysis and business planning & budgeting.
Financial Management (3 Credits)
An introduction to the basic concepts and practices used by managers in making financial
decisions. Topics include cash flow analysis, time value of money, capital budgeting,
risk & return, valuation of securities, short- and long-term financial planning,
cost of capital, financial leverage, dividend policy, working capital management
etc.
Managerial Economics (3 Credits)
An introduction to basic micro & macro economic concepts & topics: demand
& supply, the supply decision, market structures, macro-economic problems, money,
income & interest rates, fiscal policy, international linkages, balance of payments
etc.
Capital and Money Markets (3 Credits)
This course aims at providing students with an understanding of economy-industry-company
analysis and various inter linkages that influence the capital & Money market,
providing deep insights into capital market operations, constituents and their functions
etc.
Commercial Banking & Financial Services (2 Credits)
This course is intended to provide an insight into the Fundamentals of Commercial
banking and evolution of commercial banking in India. Also, aiming to understand
& analyze various concepts in commercial banking sector including Basel II norms.
Semester II
Corporate Finance - Theory & Practice (2 Credits)
This course builds on the introduction to financial management presented in the
core course. Topics include estimating cash flows, capital budgeting under uncertainty,
raising debt and equity capital, financial restructuring, financial risk management,
mergers & acquisitions etc.
Securities Analysis & Portfolio Management (2 Credits)
The course aims to build an understanding of the various aspects of risks in Securities,
Debt, Equity and Synthetics. Besides it will provide an understanding of the various
investment techniques that can be used to manage a portfolio. The conceptual inputs
will assist the students to understand the risk and returns involved in different
investments and how to make a portfolio, which could generate good returns. In course
of their learning, students will develop the ability to understand the issues faced
by financial institutions like Insurance Companies, Mutual Funds, Banks etc. in
terms of investment risks involved in their operations. The inputs given would eventually
improve student understanding of risks faced by various financial institutions in
their investment decisions.
Financial Statement Analysis (3 Credits)
Financial Statement Analysis is intended for those students, such as finance and
financial markets majors, who are interested in developing more expertise in the
financial accounting area. Students who envision themselves using financial statements
as inputs for investment, credit and other decisions should also benefit from this
course. This course begins with a review of the basic financial statements and proceeds
to traditional ratio analysis. From there the course examines specific topics that
are important to financial statement users: inventories, long-lived fixed assets,
income taxes, financing liabilities etc. through extensive use of HBS case studies.
The objective of this course is to expand upon the financial accounting foundation
that was developed in the core course. The major emphasis will be on understanding
the more common disclosures that GAAP requires of public companies and the choices
that companies have among competing principles.
Investment Banking & Financial Services (2 Credits)
This course aims to provide deep insights into concept, scope & characteristics
of investment banking, distinction with merchant banking, regulation & structure
of merchant banking industry, underwriting, book building process, IPO pricing,
private placements, valuation techniques for M&As, and complex structure of
financial services.
International Finance (2 Credits)
This course exposes students to global financial markets, instruments and various
strategies of hedging for maximization of shareholders wealth. It extends to understanding
of quantitative tools, which will make the students competent to adapt the role
& potential of a dealing room and help in grooming their negotiating skills
in the international markets. The course would enable students to develop ability
to work on financial strategies in the foreign exchange markets and eventually relate
financial and exchange fluctuations with operational activities of business.
Models for Decision Making Using Spreadsheets (2 Credits)
Spreadsheets are a popular model-building environment and decision aids for managers.
Add-ins and enhancements have made powerful decision-making tools available to the
manager. This course covers how to use the spreadsheet to develop and utilize some
of these decision-making aids. Topics include pivot tables (useful for analyzing
data sets, e.g. market research survey information), data tables (useful for performing
what-if? analyses), forecasting using regression, time series forecasting methods,
using goal seek, using SOLVER to optimize decision models, probabilistic simulation
using @RISK and decision trees. Also, we discuss the use of array functions and
graphing along with trend line curve fitting. Finance is the functional
field used to illustrate many of the spreadsheet modeling applications.
Financial Risk Management (2 Credits)
This course will study the relevant approaches to risk management, the regulatory
initiatives towards Value-at-Risk (VaR), and how to develop and implement a VaR
system. Students will learn how to use VaR to assess the various risks confronting
trading operations of hedge funds, banks and other institutions with exposure to
market risk. Estimations of risk will be calculated for portfolios containing a
variety of financial instruments. This course shall also focus on Commodities &
their Derivatives (Options, Futures). It shall also touch base on insurance as a
tool to mitigate financial risks.
Additional Electives Offered
SAP FICO Module
Direct & Indirect Tax Laws
Financial Management in Insurance Companies
Activity Based Costing
Management of Technology/Business Analytics
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