Table of Content
 

 

Generational forms of Business

  • Forms of Business Organization
  • Proprietary Concerns
  • Joint Stock Companies
  • Co- Operative Organizations
  • Public Enterprises
  • Comparison of Different Forms of Organisations
  • Market Value and Stock Prices versus Book Value

Organization Chart & Finance Function

  • Functional Organization
  • Product / Market Organization
  • Line and Staff functions/Relationship/ Authority
  • Functional and Line Authority
  • The Concept of Finance

Finance Function-Organization, Objectives & Decisions

  • Corporate Finance
  • Corporate Finance & Other Functions
  • Organization of the Finance Function
  • Objectives of Financial Management
  • Profit Maximization
  • Wealth Maximization
  • Other Finance Functions

Financial Statements, Analysis and Information

  • Balance Sheet
  • Profit and Loss Account
  • Financial Statements-Analysis & Interpretation
  • Comparatives Financial Statements
  • Common Size Statements
  • Projected Balance Sheet
  • Statement of Changes in Financial Position(SCPP)
  • Funds From Business Operations
  • Statement of Changes in Total Resources

Cash Flow Statement

  • Type of Cash Flow
  • Actual Flow of Cash:
  • Notional Cash Flow
  • Notional outflow of cash
  • Source of Cash Inflow
  • Net Profit Method
  • Outflow of Cash
  • Changes in Current Accounts
  • Change in Current Liabilities

Corporate Income Tax

  • Personal Taxation and its Influence on Firm
  • Deductibility of Expense
  • Set-Off and Carry forward of Losses

Time Value of Money

  • Simple Interest
  • Future Value at Simple Interest
  • Present Value
  • Compound Interest
  • For Series of Payments
  • Future or Compound Value
  • Present (or Discounted) Value
  • Multi-period or Semi-annual and other compounding
  • Net Present Value
  • Internal Rate of Return
  • Mathematical Derivation of Formula for Future/Compound Value of Annuity

The Financial Securities

  • Equity Shares
  • Features of Equity Shares
  • Advantage of Equity shares
  • Disadvantages of Equity Share
  • Preference share
  • Feature of Preference share
  • Types of Preference Shares
  • Advantage or Merits of Preference Share
  • Disadvantages of Preference shares
  • Debt Securities-Debentures or Bonds
  • Features of Debentures or Bonds
  • Types of Debentures
  • Advantage of Debentures
  • Disadvantages of Debentures
  • Treasury Bills (T-Bills)

The Financial Markets

  • Functions of Financial Markets
  • Classification of Financial Markets
  • Methods of Floatation
  • Indian Capital Market Participants
  • Scenario of Indian Capital Market
  • Transaction cost in Capital Market

International Financial Markets

  • International Financial System and Foreign Exchange Market
  • Market Features of International Markets
  • Euro Currency Market
  • Functions of Eurocurrency Market
  • Eurobond Market
  • Brief Procedure in Eurobonds Issues

Financial Institutions

  • Activities of UTI includes
  • UTI Schemes
  • Industrial Development Bank of India(IDBI)
  • Major Schemes of IDBI
  • Industrial Credit and Investment Corporation of India (ICICI)
  • Industrial Finance Corporation of India (IFCI)
  • Industrial Reconstruction Bank of India (IRBI)
  • Industrial Investment Bank of India (IIBI)
  • Insurance Companies
  • General Insurance Corporation (GIC)
  • Stock Holding Corporation of Indian Ltd.(SHCIL)
  • Ratings
  • Rating Factors
  • Credit Rating and Information Services of India Ltd (CRISIL)
  • Information and Credit Rating Agency (ICRA)
  • Duff and Phelps

Interest Rates

  • Role of Interest Rates
  • Interest Rates and Share Prices
  • Factors Influencing Interest Rates
  • Rates in Gilt–edged Market
  • Private and Government Bond Rates
  • Rates of Borrowings and Leading by Commercial Bank
  • Interest Rates on Small Saving
  • Export Credit

Basic Valuation Model

  • Bond Valuation
  • Valuation of Preference Shares
  • Stock Valuation
  • Single Period Valuation Model
  • Multi-period Valuation Model
  • Zero Growth Model
  • Constant Growth Model
  • The P/E Ratio
  • Market Efficiency

Risk

  • Systematic or Non Diversifiable Risk
  • Unsystematic or Diversifiable Risk
  • Measures of Risk
  • Rate of Return
  • Probability Distribution
  • Continuous Probability Distributions
  • Standard Deviation of Return
  • Risk Return Relationship
  • Diversification and Risk
  • Measurement of Portfolio Risk
  • Beta
  • Security Market Line

Investment Decision Rules

  • Category of Investment Decision Rules
  • Accounting Income-based Decision Rule
  • Return on Capital
  • Return on Equity
  • Cash Flow-based Decision Rule
  • Decision rule

Cash Flow

  • Definition
  • Need for Cash Flow Statement
  • Discount Rates
  • Estimation of Cash Flow
  • Depreciation & Taxes
  • Components of Cash Flow
  • Initial investment
  • Annual Net Cash Flows
  • Terminal Cash Flows

Incremental Analysis

  • Allocated Overheads
  • Opportunity Costs
  • Incidental Effects
  • Sunk Costs

Break-Even Analysis

  • Variable Costs
  • Fixed cost
  • Send-variable Cost
  • Contribution Margin
  • Strategies for Break-even Point
  • Utility of the Break-even Analysis
  • Shortcomings of the Break-even Analysis

Project Proposals

  • Project Proposal Stage
  • Tasks during Project Proposal Stage
  • Change Management

Investment Decisions

  • What are Capital Investment Decisions?
  • Why is Capital Investment Decisions Important ?
  • Growth
  • Risk
  • Types of Capital Investment Decisions
  • Expansion and Diversification
  • Replacement and Modernization
  • Capital Investment Evaluation Criteria

Capital Budgeting Techniques

  • Capital Budgeting
  • Net present Value (NPV) Method
  • Internal Rate of Return Method
  • Profitability Index or Benefit-cost Ratio
  • Payback Method
  • Discounted Payback Period
  • Accounting Rate of Return Method

Financial Structure - Capital

  • Financing Decision
  • Financial Structure
  • Types of Capital
  • Factor Affecting Financial Structure
  • Agency Costs

Financial Distress - Remedial Options

  • Financial Distress
  • Reorganization
  • Restructuring
  • Merger
  • Acquisition
  • Takeover
  • Defence Mechanisms

Corporate Restructuring Options

  • Divestitures
  • IPO Roll-Ups
  • Going-Private Transactions
  • Alternatives to the Corporate Form
  • The Market for Corporate Control
  • Synergistic Mergers
  • Strategic Mergers and Acquisitions
  • The Twenty-First Century
  • Successful Merger
  • Upon Completion

Cost of Debt

  • Cost of Capital
  • Cost of Debt
  • Debt Issued at Per
  • Debt Issued at Discount or Premium
  • Cost of Term Loans

Cost of Capital

  • Cost of Preference Capital
  • Irredeemable Preference Share
  • Redeemable preference shares
  • Cost of Equity Capital
  • Is Equity Capital Free of Cost
  • Cost of Retained Earnings
  • Zero-growth
  • Cost of External Equity
  • Realized Yield Approach
  • Capital Assets Pricing Model Approach
  • Bond Yield plus Premium Approach
  • Weighted Average Cost of Capital
  • Weight Marginal Cost of Capital
  • Book-Value Vs, Market-Value Weights

Financial Leverage

  • Leverage
  • Measure of Leverage
  • Application and Utility of the Financial Leverage
  • Impact of Financial Leverage on Investor’s Rate of Return
  • Financial Leverage and Risk
  • EBIT-EPS Analysis

Dividend Policy

  • Dividend Policy
  • Dividend Decision
  • Shareholders’ Expectations
  • Financial Needs of the Company
  • Constraints on Paying Dividends
  • Stability of Dividends
  • Constant Payout
  • Danger of Stability of Dividends

Forms of Dividend

  • Cash Dividends
  • Bonus Shares
  • Share Splits
  • Reverse Split

Dividend Model & Its Decisions

  • Dividend Decision
  • Traditional Position
  • Walter Model
  • Gordon’s Dividend Capitalization Model
  • Miller & Modigliani Position
  • Rational Expectations Model

Financial Ratios

  • Meaning of Ratio
  • Types of Ratios
  • Liquidity Ratios
  • Activity Efficiency or Turnover Ratio
  • Profitability in relation to Sales

Working Capital Management

  • Components of Working Capital
  • Constituents of Current Liabilities
  • Significance of Working Capital
  • The Cash Conversion Cycle
  • Working Capital Policy
  • Current Asset Policy
  • Sources for Financing Working Capital
  • Shares and Debentures
  • Ploughing Back of Profits
  • Loans fromm Financial Institutions
  • Sources of Short term Working Capital
  • Installment Credit
  • Factoring or Accounts Receivable Credit
  • Accrued Expenses
  • Deferred Incomes
  • Commercial Paper

Bank Credit

  • Loans
  • Cash Credit
  • Overdraft
  • Purchasing and Discounting of Bills
  • Principles of Bank Financing
  • Tandon Committee Report
  • Maximum Permissible Bank Finance (MPBF):
  • Chore Committee Report
  • Credit Authorization Scheme

 

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