Syllabus for
Bachelor of Commerce (International Finance)
Academic Year  (2021)

Department of Professional Studies (DPS) offers some of the most unique and inter-disciplinary courses in the field of commerce and management. It was established in the year 2002 as Centre for Career Advancement (CCA), and later upgraded to Department of Professional Studies in 2007. The department aims at professional training for wider career opportunities. This is achieved through value enhancement programmes (Add-on courses and programmes) along with the academic degrees to equip the students to meet the challenges and prospects of contemporary academia and the corporate sector. All courses of the department are conducted by academicians and highly qualified practicing professionals Soft Skills and Activity Sessions (SSA) are a compulsory component of every programme of the department and is assigned to make the students excel in soft skills, team work, communication, public speaking, debates, general knowledge etc. By the end of third year of UG and second year of PG, each student is expected to conduct at least two training sessions as a professional trainer in the other departments of the university or in other institutions.

Vision- To develop into a centre of excellence in education, training and research in the field of commerce and management Mission- To impart holistic education through state-of-the-art technology with the aim of producing professionals in the field of commerce and management, and also to launch new programmes to bridge the gap between academia and the corporate sector by meeting stakeholder requirements.

BCOM (International Finance) focuses on the areas of accounting and financial analysis. With this unique blend, the programme enables students to propel their careers as wealth creators and managers both in corporate and merchant banking domains. The programme, with an underlying focus on ethical code of professional conduct, strives to create meaningful and thoroughbred finance professionals. With a comprehensive understanding of international laws and financial reporting standards, BCOM (International Finance) students can seamlessly fit into and effectively contribute in international work environments too. As forward thinking and trustworthy business partners, BCOM (International Finance) students are well equipped to serve global organizations and society at large.

PROGRAMME OBJECTIVES 

1.     To develop academic expertise in a global context in the discipline.

2.   To impart relevant skills and competencies necessary to undertake professional certifications, higher education, entrepreneurial activities and employment.

3.     To develop the ability to distil salient points from assimilated information and make rational arguments

4.     To develop the ability to present ideas effectively in multicultural and contextual spaces.

5.     To nurture skills to contribute effectively towards societal development

6.     To inculcate values of personal autonomy and accountability, along with demonstrating responsibility for actions

7.     To recognize the need and importance of life-long learning for personal and professional growth

                      PROGRAMME SPECIFIC OBJECTIVES

1. To create professionals with global mindset and with advanced knowledge in accounting and finance occupying strategic positions in the industry in the areas of Accounting, Taxation, Finance and wealth management in different sectors
2. To be conversant with the broad legal and regulatory framework governing international business activity.
3. To equip the students to evaluate macro-economic factors and environmental factors that influence business operation with strong conceptual understanding of preparation and interpretation of financial statements.
4. To create strong, globally recognized professionals with unique blend of accounting and finance proficiency.
5. To provide an environment that fosters continuous student interaction with Industry professionals in order to accelerate their learning and enable them to be industry-ready on completing the programme.
6. To introduce and develop research culture amongst students and to equip them with research skills necessary to conduct a structured and systematic research.
7. Sensitize students towards ethical issues arising out of business and society interface.

PROGRAMME  OUTCOMES

1. Academic expertise:

·       Exhibit knowledge of the discipline

·       Conduct guided academic inquiries in various areas of interest in the chosen discipline

·       Apply theoretical understanding in practical contexts.

2. Professional expertise

·       Display professional expertise in the discipline

·       Identify and create opportunities to launch innovative ventures for socio-economic development.

·       Exhibit the ability to organise, manage and lead towards the accomplishment of goals and objectives.

3. Creative, Critical Thinking and Problem Solving:

·       Synthesize appropriate theories, principles and data for problem-solving

·       Creating new knowledge in the discipline

·       Apply critical thinking and research skills in finding viable solutions to business dilemmas

4. Effective Communication:

·       Explain and present ideas effectively in multi-dimensional domains

·       Demonstrate competencies for negotiation, conflict management and effective collaboration.

·       Network in a professional environment exhibiting comprehensive domain knowledge and insights.

5.  Social sensitivity:

·       Participate actively in initiatives that encourage equity and growth for all

·       Act with an informed awareness of local, regional, national and global needs

·       Engage in environmental sustainability and community development initiatives

6. Professional & Moral Ethics:

·       Recognize and respect different value systems

·       Demonstrate high standards of academic and professional integrity.

·       Exhibit accountability and responsibility for moral implications of one’s decisions and actions.

7. Self-directed and Life-long Learning:

·       Identify career enhancement opportunities and engage in future academic endeavors

·       Display skills sets in pursuit of continuous learning and adapt to the changing professional and social needs.

·       Engage in self-directed and experiential learning

PROGRAMME SPECIFIC OUTCOMES

On completion of BCOM (IF), a student would be in a position to:

1. Apply accounting principles and standards (US GAAP and IFRS) in a corporate set up.
2. Enable organizations to comply with global tax regulations and advise in respect of tax structuring of entities (parent and subsidiary etc.)
3. Provide independent and objective opinion in respect of the true and fair presentation of financial statements of organizations as independent observers
4. Offer advisory services in respect of effectiveness and efficiency of Internal Controls and monitoring of enterprise risk management procedures and suggest improvements as internal auditors
5. Discuss the broad legal and regulatory framework governing international business environment
6. Identify and consider various ethical and social concerns arising out of commercial operations.
7. Apply ethical and corporate governance standards for monitoring the functioning of corporate organisations.
8. Apply accounting and finance theories and principles through active academia-corporate interface
9. Identify and consider various ethical and social concerns arising out of commercial operations.
10. Apply the research skills and conduct independent research in in areas of financial instruments and markets and thereby monitor and forecast future trends.

Department of Professional Studies follows a rigorous system of continuous evaluation, and the assessment events include quizzes, tests, assignments, mid-term and end-term exams, individual/group project work, presentations etc.  Students are evaluated for each course on the basis of written examination and continuous internal assessment. Each paper carries maximum of 100 marks and is evaluated as follows:

End Semester Examination (ESE)                                       :           50%

Mid Semester Examination (CIA-2)                                   :           25%

Continuous Internal Assessments (CIA- 1 & 3)               :           20%

Attendance                                                                              :           05%

Total                                      :          100%                          

·         Written Examinations consists of:

§  Mid Semester Exam – 50 marks   (2 hours duration)

§  End Semester Exam – 100 marks (3 hours duration)

·         A student should have secured minimum 40% marks in the ESE to pass in that paper.

·         In aggregate for each paper, for internal and end semester put together, at least 40 marks out of 100 must be secured to pass in that paper.

Question Bank:

Subject wise Question Bank is prepared every semester to test the Conceptual, Application, Analytical and Problem solving skills of the students. These question banks are prepared by the faculty member teaching the subject and duly verified by the subject expert.

Question Paper Pattern for the End Semester Examination:

The question paper pattern for the End Semester Examination is as follows:

§  Section A

Short Objective type questions 6 out of 8 questions of 2 marks each

§  Section B

Analytical / Essay type questions with choice – 5 out of 7 questions of 5 marks each

§  Section C

Analytical/ Essay type questions with choice – 3 out of 5 questions of 15 marks each

§  Section D

One Compulsory Question – 18 marks

Continuous Internal Assessments:

CIA – 1  and 3 : Continuous Internal Assessment

Written (reports) – Group or Individual, Understanding of the subjects, Participative learning, Presentation and VIVA, Quiz, Multiple choice based test etc.

CIA – 2:  Continuous Internal Assessment - Mid Semester Exam

Mid Semester Exam marks will be taken for Internal Assessment. MSE marks will be reduced to 25 for this purpose. The question paper pattern for the Mid Semester Examination is as follows:

Attendance:

The marks distribution for attendance is as follows:

95 – 100%       -           5 marks

90 – 94%         -           4 marks

85 – 89%         -           3 marks

80 – 84%         -           2 marks

76 – 79%         -           1 mark

The Additional English course is offered as a second language course and seeks to introduce the students to the nuances of English literature in its varied forms and genres. The students who choose Additional English are generally proficient in the English language. Hence, instead of focusing on introducing them to language, challenging texts in terms of ideas, form, and technique are chosen. Additional English as a course is designed for students in place of a regional language. Non-Resident Indians (NRIs), foreign nationals and students who have not taken Hindi, Kannada, Tamil or French at the Plus 2 or Class XII levels are eligible to choose Additional English. The course is taught for students from different streams, namely, BA, BSc, BCom, and BBA in the first year and for BA, BSc and BCom (Regular) in the second year.

The first year syllabus is an attempt by the Department of English, Christ University to recognize and bring together the polyphonic Indian and Indian sub-continental voices in English in English translation for the Additional English students of the first year. This effort aims to familiarize the students with regional literatures in translation, Indian Writing in English (IWE) and literatures from Pakistan, Nepal and Srilanka, thereby, enabling the students to learn more about Indian culture and ethos through writings from different regions of the country. We have tried to represent in some way or the other the corners of India and the Indian sub-continent in this microcosmic world of short stories, poems and essays

There is a prescribed text bookfor the first year students, compiled by the Department of English, Christ University and intended for private circulation.

The first semester has a variety of writing from India, Pakistan and Nepal. The various essays, short stories and poems deal with various socio-economic, cultural and political issues that are relevant to modern day India and the Indian sub-continent and will enable students to comprehend issues of identity-politics, caste, religion, class, and gender. All of the selections either in the manner of their writing, the themes they deal with or the ideologies that govern them are contemporary in relevance and sensibility, whether written by contemporary writers or earlier writers. An important addition to this syllabus is the preponderance of North-Eastern writing which was hitherto not well represented. Excerpts from interviews, autobiographical writings, sports and city narratives are added to this section to introduce students to the varied genres of literature.

The objectives of this course are

to expose students to the rich literary and cultural diversity of  Indian literatures

to sensitise students on the social, political, historical and cultural ethos that has shaped the nation- INDIA

to enable to grasp and appreciate the variety and abundance of Indian writing, of which this compilation is just a passing glance

to learn and appreciate India through association of ideas in the texts and the external contexts (BhashaUtsav will be an intrinsic help in this endeavour)

The students will become

sensitive to cultural, social, religious and ethnic diversities and help them engage with their peers and all around them in a more understanding and ‘educated’ manner.

it will also enable them through the activities conducted to become more proactive citizens/participants in society.

aware of the dynamics of gender, identity, communalism and politics of this vast nation through its literature.

1.      Keki N Daruwala     “Migrations”

2.      Kamala Das            “Forest Fire”

3.      Agha Shahid Ali      “Snow on the Desert”

4.      Eunice D Souza       “Marriages are Made”

1.      Rabindranath Tagore    “Babus of Nayanjore”

2.      Ruskin Bond  “He said it with Arsenic”

3.      Bhisham Sahni       “The Boss Came to Dinner”

4.      N. Kunjamohan Singh    “The Taste of Hilsa”

5.      Mohan Thakuri                “Post Script”

1.      Mahatma Gandhi       “What is True Civilization?” (Excerpts from Hind Swaraj)

2.      Ela Bhatt                    “Organising for Change”

3.      Sitakant Mahapatra     “Beyond the Ego: New Values for a Global Neighborhood

4.      B R Ambedkar             “Waiting for A Visa”

The text book copy "Reading Diversity"

CIA 2: Mid-semester written exam for 50 marks

CIA 3: Collage, tableaus, skits, talk shows, documentaries, Quizzes or any proactive            creative assignments that might help students engage with India as a cultural space. This is to be done keeping in mind the objectives and learning outcomes of the course.

Question Paper Pattern

Mid Semester Exam: 2 hrs

Section A: 4x5= 20

Section B: 2x15=30

Total                  50

End Semester Exam: 2 hrs

Section A: 4 x 5 = 20

Section B: 2 x 15= 30

Total                   50

This course is the first of four courses which cover accounting principles and presentation of financial statements as per generally accepted in the United States of America (US GAAP) as well as per International Financial Reporting Standards (IFRS).

On completing the course, students will be able to:

1.     Apply fundamental accounting concepts, principles and conventions as per US GAAP and IFRS

2.     Prepare and/or review source documents including account classification, and enter data into subsidiary and general ledgers.

3.     Relate and understand the financial statements prepared on the basis of US GAAP as well as IFRS.

Produce required financial statement filings in order to meet regulatory or reporting requirements (e.g., Form 10-Q, 10-K). 

Introduction to accounting; Double-entry system; Purpose and general features of financial statements(true and fair view, going concern, accrual basis, materiality and aggregation, offsetting, frequency of reporting, comparative information, consistency);  Other assumptions and conventions (business entity, money measurement, conservatism);

Basic accounting procedure: journal entries, ledgers, subsidiary books, cash book, capital and revenue expenditure/receipts, rectification of errors, trial balance, bank reconciliation statement

Process by which Accounting Standards are Set and Roles of Accounting Standard- Setting Bodies - U. S. Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB);  Conceptual framework for financial accounting and reporting by business entities

Balance sheet / Statement of financial position; Income statement / Statement of profit or loss; Statement of comprehensive income; Statement of changes in equity; Statement of cash flows; Notes to financial statements; SEC Reporting Requirements (e.g., Form 10-Q, 10-K)

Exit or Disposal Activities and Discontinued Operations; Going Concern; Fair Value Measurements, Disclosures, and Reporting; Interim Financial Reporting; Related Parties and Related Party Transactions; Risks and Uncertainties; Segment Reporting; Subsequent Events

Essential References:

1.      O. Ray Whittington. (2018). Financial Accounting & Reporting. John Wiley & Sons - Wiley CPAexcel Course Study Guide

Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel. Financial Accounting, 9th Edition. John Wiley & Sons

1.      Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik. (2014). Advanced Accounting. McGraw-Hill/Irwin

2.      Carl S. Warren, James M. Reeve, Jonathan Duchac. (2016). Financial Accounting. Cengage Learning.

Richard H. Gesseck, Lawrence Gamling. (2016). U.S. Master GAAP Guide. CCH Inc

This course is designed to familiarize students with the basic concepts, theories and models of economics, which are relevant to business.

On completing the course students will be able to:

1. Differentiate basic concepts of Economics applicable to business

2. Interpret key factors affecting/ determining economic variables such as demand, supply, price of products and factors of products

3. Compare different market types and their functioning

4. Apraise theories of consumer behavior, production and factor price determination

Meaning- characteristics – distinction between business economics and pure economics – scope of business economics – uses/objectives of business economics

Approaches to the study of consumer behaviour - cardinal approach - law of Equi-marginal utility, ordinal approach - indifference curve analysis - properties – consumer surplus – meaning - analysis – limitations

Demand (Determinants, Demand function) - Law of Demand – Variations in demand, Supply (Determinants, Supply function) – Law of Supply –Variations in Supply, Market equilibrium and changes in equilibrium (reference to product markets & factor markets), Interference with market prices - Minimum price & Maximum price and its effect, Market failure – meaning & types - Public goods – Externalities - Merit goods - Demerit goods

Demand: Elasticity of Demand – Price elasticity of demand –factors determining elasticity of demand – its measurement and its application in business decisions, concepts of Income& Cross-Promotional elasticity of demand, Supply: Elasticity of Supply – factors determining elasticity of supply, Demand forecasting- Survey and statistical methods

Production, Firm and Industry, Production function, Production runs or Periods (short run and long run), Production in the short run, Law of variable proportions, Production in the long run, Returns to scale (increasing, constant and decreasing returns to scale), Economies of scale and Diseconomies of scale, Factor Pricing: Rent, Wages, Interest and Profit.

Cost - Cost concepts (Absolute cost and opportunity cost, Accounting cost and Economic cost) – Fixed and Variable cost – TC, AC & MC, Cost-output relationship in the short run - Cost-output relationship in the long run.

Perfect Competition: Assumptions, price and output decisions. Equilibrium of the firm and the industry in the short and the long runs, including industry’s long run supply, producer surplus. Shut down point under perfect competition market, Monopoly: Behaviour of a monopolist in the short and the long run. Price discrimination by a monopolist-1st degree, 2nd degree and 3rd degree.

Monopolistic competition, concept of excess capacity

Oligopoly- Collusive & Non-collusive models of Oligopoly

Understanding aggregate Demand and aggregate Supply. The Importance of Expectations: Exchange Rates, Exchange Rates regimes fixed and floating rate. Current macro Issues effecting business: Oil prices, Global Imbalances.

1. Dwivedi (2009): Essentials of Business Economics, Vikas Publishing House
2. Salvatore &Srivatsava (2012): Managerial Economics, 7^th Edition, Oxford University Press

1. Allen, Weigelt, Doherty & Mansfield (2012): Managerial Economics, 8^th Edition, W. W. Norton & Company
2. Atmanada (2009): Managerial Economics, 2^nd Edition, Excel Books
3. Dransfield (2009): Business Economics, Routledge
4. Gillespie (2013): Business Economics, 2^nd Edition, Oxford University Press
5. Gupta (2011): Managerial Economics, 2^nd Edition, TMH
6. Keat, Young & Banerjee (2011): Managerial Economics, 6^th Edition, Pearson
7. Maheshwari (2012): Managerial Economics, 3^rd Edition, PHI
8. Michaels (2011): Economics for Managers,Cengage Learning
9. Nellis& Parker (2006): Principles of Business Economics, 2^nd Edition, Pearson
10. Petersen, Lewis & Jain (2006):  Managerial Economics, 4^th Edition, Pearson
11. Sloman, Hinde& Garratt: Economics for Business (2013), 6th Edition, Pearson

Students are evaluated for each paper on the basis of written examination and continuous internal assessment. Each paper carries a maximum of 100 marks and is evaluated as follows:

End Semester Exam (ESE)                                                    :           50%

Mid Semester Exam (CIA-2)                                                 :           25%

Continuous Internal Assessments (CIA- 1& 3)                      :           20%

Attendance                                                                              :           05%

Total:          100%

The course aims to provide conceptual understanding of cost accounting. It focuses on the computation of various components of cost, such as material, labour, and overheads. It also covers modules on specific cost accounting methods like job costing and contract costing, and process costing.

After completing this course, students will be able to:

1.     Outline the basic concepts and classification of cost

2.     Compute various components of cost

3.     Apply the methods of cost accounting in ascertaining cost for different sectors

4. Examine the reasons and need for reconciliation of cost and financial statements, and prepare reconciliation statements