Financial

c

c
CS Final : Group II :: Paper 4: [One paper: Three hours - 100 marks]
p
a Expert knowledge.
O

i.p To provide conceptual clarity about the management tools and techniques used in
financial planning, analysis, control and decision making.
ii.p To provide knowledge of derivatives, forex and treasury management to enable the
candidates to tackle practical situation with ease.
^

p c
ature, significance, objectives and scope of financial management; risk-return and value
of the firm; financial distress and insolvency; financial sector reforms and their impact on
financial management; functions of finance executive in an organisation; financial
management ± recent developments.
èp ^

Planning and control of capital expenditure; capital budgeting process; techniques of
capital budgeting- discounted and non-discounted cash flow methods, choice of

methods; capital rationing; risk evaluation and sensitivity analysis, simulation
for risk evaluation; linear programming and capital budgeting decisions.
p ^

£eaning and significance of capital structure; capital structure vis-a-vis financial

structure; capital structure planning and designing; optimal capital structure; determinants
of capital structure; capital structure and valuation - theoretical analysis; EBIT ± EPS
analysis; cost of capital; factors affecting cost of capital, measurement of cost of capital,
weighted average cost of capital, marginal cost of capital; risk and leverage; measures of
leverage, leverage effects on shareholders returns.

p
c
Equity, non-voting preference shares; debentures and bonds; company deposits; term
loans from financial institutions and banks; international finance and syndication of
loans; euro-issues and external commercial borrowings; internal funds as a source of
finance; dividend policy and retention of profits; bonus shares; deferred payment
arrangements; corporate taxation and its impact on corporate financing; financing cost
escalation.
-p ^
Introduction; types, determinants and constraints of dividend policy; different dividend

theories ² Walter¶s £odel, Gordon¶s £odel and £odigliani-£iller Hypothesis of
dividend irrelevance; forms of dividend; dividend policy - practical considerations and
legal constraints; corporate dividend practices in India; statutory framework.
p [!
Working capital - meaning, types, determinants; assessment of working capital

requirements - operating cycle concept and applications of quantitative techniques;
management of working capital - cash, receivables, inventories; financing of working
capital; banking norms and macro aspects of working capital management.
·p "

Security analysis - fundamental approach, technical approach and efficient capital market
theory; portfolio management - meaning, objectives; portfolio theory ± traditional
approach; modern approach - CAP£ model.
åp c

£eaning, significance and scope of financial services; types of financial services ±

merchant banking, leasing and hire purchase, venture capital, mutual funds, factoring and
forfaiting, securitisation of debt, loan syndication, custodial and corporate advisory
services, credit rating; present status of financial services industry in India.
üp
Project Planning and preparation of project report; project appraisal under normal,
inflationary and deflationary conditions; project appraisal by financial institutions ±
lending policies and appraisal norms by financial institutions; IDBI, IFCI, ICICI, etc;
loan documentation and loan syndication, project review and control; social cost and
benefit analysis of project.
#p^

Concept of derivatives; financial derivatives and commodity derivatives; types of

derivatives ± forward contracts, futures contracts, options; participants in futures and
options market, stock index futures; derivative markets in India.
p

£eaning, objectives, significance, functions and scope of treasury management;
relationship between treasury management and financial management; role and
responsibilities of chief finance executive; tools of treasury management; internal
treasury controls; environment for treasury management, present status of treasury
management in India.
èpc
ature, significance and scope of forex management; forex manager; foreign exchange
market; foreign exchange rates; determinants of foreign exchange rates; exchange rate
quotes; types of exchange rates; forex trading; foreign exchange risk exposures and their
management; exchange rate forecasting; present status of foreign exchange market in
India.
p ^

c
c

p

àp $%
& a ; ew Delhi.
1.p Financial management
Ëp £.Y. Khan & P.K Jain
2.p Financial £anagement ± theory & problems
Ëp Prasanna Chandra
àp ' !

& %
a ; ew Delhi
1.p Financial management (1999)
Ëp I.£. Pandey
àp & '
, Darya Ganj, ew Delhi
1.p Financial management ± principles & practice
Ëp S. . £aheshawari
àp &
& %
, Allahabad.
1.p Financial management ± An Analytical and Conceptual Approach
Ëp S.C Kuchhal
àp %( ) *a ; ew Delhi
1.p Financial £anagement & Policy
Ëp J.C verma
àp [

& , St. Paul (USA)
1.p Contemporary Financial £arkets and services
Ëp Scott L. William
àp "
a ; 437/4B, Ansari Road, Darya Ganj, ew Delhi ± 110002.
1.p Financial £anagement and Policy
Ëp '.K Bhalla
àp %(; Engleword Cliffds (USA)
1.p Options, Futures and other Derivative Securities
Ëp John C.Hull
àp %
& %

1.p Treasury £anagement in India
Ëp '.A. Avadhani
2.p Financial Futures and Options
Ëp B. Brahmaiah & P. Subba Rao
àp ! , 118, Cowley Road, Oxford, U.K
1.p Financial £anagement
Ëp Hudson Robert
àp %( a ; £ ± 97, Connaught Circus, ew Delhii ± 110001
1.p Financial Derivatives ± An introduction to Futures, Forwards, Options and Swaps
Ëp Keith Redhead
àp "

, ew Delhi
1.p Foreign Exchange international Finance and Risk £anagement
Ëp A.' Rajwade
àp & , £umbai
1.p Foreign Exchange £anagement
Ëp D.T. Khianani
2.p Foreign Exchange international Risk £anagement
Ëp A.' Rajwade

àp %( ) *a , ew Delhi

1.p Financial Decision £aking ± Concerns Problems and Cases
Ëp John J. Hampton
àp &[ '
, ew York
1.p Principles Preparation £anagement
Ëp Benton E. Gup
àp $%
& a , ew Delhi
1.p Projects Preparation, Appraisal and Implementation
2.p International Financial £anagement
Ëp P.G.Apte
3.p Global Business Finance
Ëp Prakashm G. Apte
àp +

1.p The Theory of Financial £anagement
Ëp Ezra Soloman
àp +
O '(%
& ew Delhi
1.p Guidelines for Project Evaluation
Ëp P. Dasgupta, A. Sen & S. £arglin
àp
& , ew York
1.p International Dimensions of Financial £anagement
Ëp Dennis J.O Connor Albert & T. Bueso
àp [

& , ew York
1.p Portfolio Construction, £anagement and Protection
Ëp Robert A. strong
2.p Contemporary Financial £anagement
Ëp R. Charles £oyer, James R. £cGuigan & William J. Kresow
àp [ & a ; agpur
1.p Lease Financing and Hire purchase, erchan Banking, £utual Funds, Factoring
and 'enture Capital
Ëp Kothan 'inod

àp (
, £umbai
1.p RBI Bulletin
Ëp
2.p RBI Annual Report (latest)
Ëp
3.p Reportcum Currency and Finance (latest)
Ëp
àp & !% ,
, Washington, U.S.A
1.p The world Bank Annual Report (latest)
Ëp
àp $ ( , ew Delhi
1.p Economic Survey (latest)
Ëp
2.p Annual Report, Govt. of India, £inistry of Finance
Ëp
àp & ! $
!(
1.p Guidelines issued by'arious Financial institutions; Appransal of Term ± loans
Ëp
àp & " c "
, ew York.

1.p Journal of Finance
Ëp
2.p Financial and Economic Dailies
Ëp
O& !

Author Credit : Team Future Accountant

c

c
CS Final : Group II :: Paper 4: [One paper: Three
hours - 100 marks]
a Expert knowledge.
O

i.p To provide conceptual clarity about the

management tools and techniques used in
financial planning, analysis, control and
decision making.
ii.p To provide knowledge of derivatives, forex
and treasury management to enable the
candidates to tackle practical situation with
ease.
^

p c

ature, significance, objectives and scope

of financial management; risk-return and
value of the firm; financial distress and
insolvency; financial sector reforms and
their impact on financial management;
functions of finance executive in an
organisation; financial management ±
recent developments.
èp ^

Planning and control of capital

expenditure; capital budgeting process;
techniques of
capital budgeting- discounted and

non-discounted cash flow
methods, choice of methods; capital
rationing; risk evaluation and sensitivity
analysis, simulation for risk evaluation;
linear programming and capital budgeting
decisions.
p ^

£eaning and significance of capital

structure; capital structure vis-a-vis
financial structure; capital structure
planning and designing; optimal capital
structure; determinants of capital structure;
capital structure and valuation - theoretical
analysis; EBIT ± EPS analysis; cost of
capital; factors affecting cost of capital,
measurement of cost of capital, weighted
average cost of capital, marginal cost of
capital; risk and leverage; measures of
leverage, leverage effects on shareholders
returns.
p
c
Equity, non-voting preference shares;

debentures and bonds; company deposits;
term loans from financial institutions and
banks; international finance and
syndication of loans; euro-issues and
external commercial borrowings; internal
funds as a source of finance; dividend
policy and retention of profits; bonus
shares; deferred payment arrangements;
corporate taxation and its impact on
corporate financing; financing cost
escalation.
-p ^
Introduction; types, determinants and

constraints of dividend policy; different
dividend theories ² Walter¶s £odel,
Gordon¶s £odel and £odigliani-£iller
Hypothesis of dividend irrelevance; forms
of dividend; dividend policy - practical
considerations and legal constraints;
corporate dividend practices in India;
statutory framework.
p [!

Working capital - meaning, types,

determinants; assessment of working
capital requirements - operating cycle
concept and applications of quantitative
techniques; management of working
capital - cash, receivables, inventories;
financing of working capital; banking
norms and macro aspects of working
capital management.
·p "

Security analysis - fundamental approach,

technical approach and efficient capital
market theory; portfolio management -
meaning, objectives; portfolio theory ±
traditional approach; modern approach -
CAP£ model.
åp c

£eaning, significance and scope of

financial services; types of financial
services ± merchant banking, leasing and
hire purchase, venture capital, mutual
funds, factoring and forfaiting,
securitisation of debt, loan syndication,
custodial and corporate advisory services,
credit rating; present status of financial
services industry in India.
üp
Project Planning and preparation of project

report; project appraisal under normal,
inflationary and deflationary conditions;
project appraisal by financial institutions ±
lending policies and appraisal norms by
financial institutions; IDBI, IFCI, ICICI,
etc; loan documentation and loan
syndication, project review and control;
social cost and benefit analysis of project.
#p^

Concept of derivatives; financial

derivatives and commodity derivatives;
types of derivatives ± forward contracts,
futures contracts, options; participants in
futures and options market, stock index
futures; derivative markets in India.
p

£eaning, objectives, significance,

functions and scope of treasury
management; relationship between treasury
management and financial management;
role and responsibilities of chief finance
executive; tools of treasury management;
internal treasury controls; environment for
treasury management, present status of
treasury management in India.
èpc
ature, significance and scope of forex

management; forex manager; foreign
exchange market; foreign exchange rates;
determinants of foreign exchange rates;
exchange rate quotes; types of exchange
rates; forex trading; foreign exchange risk
exposures and their management; exchange
rate forecasting; present status of foreign
exchange market in India.
p ^

c

c

p

àp $%
& a ;
ew Delhi.
2.p Financial £anagement ± theory &
problems
àp ' !

& %
a ; ew
Delhi
Ëp I.£. Pandey
àp & '
, Darya Ganj, ew
Delhi
1.p Financial management ± principles
& practice
àp &
& %
, Allahabad.
1.p Financial management ± An
Analytical and Conceptual
Approach
Ëp S.C Kuchhal
àp %( ) *a ; ew
Delhi
Ëp J.C verma
àp [

& , St. Paul
(USA)
1.p Contemporary Financial £arkets
and services
àp "
a ; 437/4B,
Ansari Road, Darya Ganj, ew Delhi ±
110002.
Ëp '.K Bhalla
àp %(; Engleword Cliffds
(USA)
1.p Options, Futures and other
Derivative Securities
Ëp John C.Hull
àp %
& %

Ëp '.A. Avadhani
Ëp B. Brahmaiah & P. Subba
Rao
àp ! , 118, Cowley Road, Oxford,
U.K
Ëp Hudson Robert
àp %( a ; £ ± 97,
Connaught Circus, ew Delhii ± 110001
1.p Financial Derivatives ± An
introduction to Futures, Forwards,
Options and Swaps
Ëp Keith Redhead
àp "

, ew
Delhi
1.p Foreign Exchange international
Finance and Risk £anagement
Ëp A.' Rajwade
àp & , £umbai
Ëp D.T. Khianani
2.p Foreign Exchange international
Risk £anagement
Ëp A.' Rajwade


1.p Financial Decision £aking ±
Concerns Problems and Cases
Ëp John J. Hampton
àp &[ '
, ew York
Ëp Benton E. Gup
àp $%
& a ,
ew Delhi
1.p Projects Preparation, Appraisal and
Implementation
2.p International Financial
£anagement
Ëp P.G.Apte
àp +

1.p The Theory of Financial
£anagement
Ëp Ezra Soloman
àp +
O '(%

& ew Delhi
Ëp P. Dasgupta, A. Sen & S.
£arglin
àp
& , ew
York
1.p International Dimensions of
Financial £anagement
Ëp Dennis J.O Connor Albert
& T. Bueso
àp [

& , ew York
1.p Portfolio Construction,
£anagement and Protection
2.p Contemporary Financial
£anagement
Ëp R. Charles £oyer, James R.
£cGuigan & William J.
Kresow
àp [ & a ; agpur
1.p Lease Financing and Hire purchase,
erchan Banking, £utual Funds,
Factoring and 'enture Capital
Ëp Kothan 'inod

àp (
, £umbai
1.p RBI Bulletin
Ëp
Ëp
3.p Reportcum Currency and Finance
(latest)
Ëp
àp & !% ,
,
Washington, U.S.A
1.p The world Bank Annual Report
(latest)
Ëp
àp $ ( , ew
Delhi
Ëp
2.p Annual Report, Govt. of India,
£inistry of Finance
Ëp
àp & ! $

!(
1.p Guidelines issued by'arious
Financial institutions; Appransal of
Term ± loans
Ëp
àp & " c
"
, ew York.

Ëp
Ëp
O& !

p p
c
c
CS Final : Group II :: Paper 4: [One paper: Three hours - 100 marks]
a Expert knowledge.
O

i.p To provide conceptual clarity about the management tools and techniques used in
financial planning, analysis, control and decision making.
ii.p To provide knowledge of derivatives, forex and treasury management to enable the
candidates to tackle practical situation with ease.
^

p c
ature, significance, objectives and scope of financial management; risk-return and value
of the firm; financial distress and insolvency; financial sector reforms and their impact on
financial management; functions of finance executive in an organisation; financial
management ± recent developments.
èp ^

Planning and control of capital expenditure; capital budgeting process; techniques of
capital budgeting- discounted and non-discounted cash flow methods, choice of

methods; capital rationing; risk evaluation and sensitivity analysis, simulation
for risk evaluation; linear programming and capital budgeting decisions.
p ^

£eaning and significance of capital structure; capital structure vis-a-vis financial

structure; capital structure planning and designing; optimal capital structure; determinants
of capital structure; capital structure and valuation - theoretical analysis; EBIT ± EPS
analysis; cost of capital; factors affecting cost of capital, measurement of cost of capital,
weighted average cost of capital, marginal cost of capital; risk and leverage; measures of
leverage, leverage effects on shareholders returns.

p
c
Equity, non-voting preference shares; debentures and bonds; company deposits; term
loans from financial institutions and banks; international finance and syndication of
loans; euro-issues and external commercial borrowings; internal funds as a source of
finance; dividend policy and retention of profits; bonus shares; deferred payment
arrangements; corporate taxation and its impact on corporate financing; financing cost
escalation.
-p ^
Introduction; types, determinants and constraints of dividend policy; different dividend

theories ² Walter¶s £odel, Gordon¶s £odel and £odigliani-£iller Hypothesis of
dividend irrelevance; forms of dividend; dividend policy - practical considerations and
legal constraints; corporate dividend practices in India; statutory framework.
p [!
Working capital - meaning, types, determinants; assessment of working capital

requirements - operating cycle concept and applications of quantitative techniques;
management of working capital - cash, receivables, inventories; financing of working
capital; banking norms and macro aspects of working capital management.
·p "

Security analysis - fundamental approach, technical approach and efficient capital market
theory; portfolio management - meaning, objectives; portfolio theory ± traditional
approach; modern approach - CAP£ model.
åp c

£eaning, significance and scope of financial services; types of financial services ±

merchant banking, leasing and hire purchase, venture capital, mutual funds, factoring and
forfaiting, securitisation of debt, loan syndication, custodial and corporate advisory
services, credit rating; present status of financial services industry in India.
üp
Project Planning and preparation of project report; project appraisal under normal,
inflationary and deflationary conditions; project appraisal by financial institutions ±
lending policies and appraisal norms by financial institutions; IDBI, IFCI, ICICI, etc;
loan documentation and loan syndication, project review and control; social cost and
benefit analysis of project.
#p^

Concept of derivatives; financial derivatives and commodity derivatives; types of

derivatives ± forward contracts, futures contracts, options; participants in futures and
options market, stock index futures; derivative markets in India.
p

£eaning, objectives, significance, functions and scope of treasury management;

relationship between treasury management and financial management; role and
responsibilities of chief finance executive; tools of treasury management; internal
treasury controls; environment for treasury management, present status of treasury
management in India.
èpc
ature, significance and scope of forex management; forex manager; foreign exchange
market; foreign exchange rates; determinants of foreign exchange rates; exchange rate
quotes; types of exchange rates; forex trading; foreign exchange risk exposures and their
management; exchange rate forecasting; present status of foreign exchange market in
India.
p ^

c
c

p

àp $%
& a ; ew Delhi.
2.p Financial £anagement ± theory & problems
àp ' !

& %
a ; ew Delhi
Ëp I.£. Pandey
àp & '
, Darya Ganj, ew Delhi
1.p Financial management ± principles & practice
àp &
& %
, Allahabad.
1.p Financial management ± An Analytical and Conceptual Approach
Ëp S.C Kuchhal
àp %( ) *a ; ew Delhi
Ëp J.C verma
àp [

& , St. Paul (USA)
1.p Contemporary Financial £arkets and services
àp "
a ; 437/4B, Ansari Road, Darya Ganj, ew Delhi ± 110002.
Ëp '.K Bhalla
àp %(; Engleword Cliffds (USA)
1.p Options, Futures and other Derivative Securities
Ëp John C.Hull
àp %
& %

Ëp '.A. Avadhani
Ëp B. Brahmaiah & P. Subba Rao
àp ! , 118, Cowley Road, Oxford, U.K
Ëp Hudson Robert
àp %( a ; £ ± 97, Connaught Circus, ew Delhii ± 110001
1.p Financial Derivatives ± An introduction to Futures, Forwards, Options and Swaps
Ëp Keith Redhead
àp "

, ew Delhi
1.p Foreign Exchange international Finance and Risk £anagement
Ëp A.' Rajwade
àp & , £umbai
Ëp D.T. Khianani
2.p Foreign Exchange international Risk £anagement
Ëp A.' Rajwade


1.p Financial Decision £aking ± Concerns Problems and Cases
Ëp John J. Hampton
àp &[ '
, ew York
Ëp Benton E. Gup
àp $%
& a , ew Delhi
1.p Projects Preparation, Appraisal and Implementation
2.p International Financial £anagement
Ëp P.G.Apte
àp +

1.p The Theory of Financial £anagement
Ëp Ezra Soloman
àp +
O '(%
& ew Delhi
Ëp P. Dasgupta, A. Sen & S. £arglin
àp
& , ew York
1.p International Dimensions of Financial £anagement
Ëp Dennis J.O Connor Albert & T. Bueso
àp [

& , ew York
1.p Portfolio Construction, £anagement and Protection
2.p Contemporary Financial £anagement
Ëp R. Charles £oyer, James R. £cGuigan & William J. Kresow
àp [ & a ; agpur
1.p Lease Financing and Hire purchase, erchan Banking, £utual Funds, Factoring
and 'enture Capital
Ëp Kothan 'inod

àp (
, £umbai
1.p RBI Bulletin
Ëp
Ëp
3.p Reportcum Currency and Finance (latest)
Ëp
àp & !% ,
, Washington, U.S.A
1.p The world Bank Annual Report (latest)
Ëp
àp $ ( , ew Delhi
Ëp
2.p Annual Report, Govt. of India, £inistry of Finance
Ëp
àp & ! $
!(
1.p Guidelines issued by'arious Financial institutions; Appransal of Term ± loans
Ëp
àp & " c "
, ew York.

Ëp
Ëp
O& !


p

Financial

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c 

a     Expert knowledge.

p     c   

èp     ^

Planning and control of capital expenditure; capital budgeting process; techniques of

capital budgeting- discounted and non-discounted cash flow methods, choice of

p     ^

£eaning and significance of capital structure; capital structure vis-a-vis financial

Introduction; types, determinants and constraints of dividend policy; different dividend

p [!     

Working capital - meaning, types, determinants; assessment of working capital

åp c  

£eaning, significance and scope of financial services; types of financial services ±

üp    

Concept of derivatives; financial derivatives and commodity derivatives; types of

èpc   

p ^   

àp   %( ) *a , ew Delhi

  , ew York.

O&  !

Author Credit : Team Future Accountant

i.p To provide conceptual clarity about the

p     c 

ature, significance, objectives and scope

èp     ^

Planning and control of capital

capital budgeting- discounted and

p     ^

£eaning and significance of capital

Equity, non-voting preference shares;

Introduction; types, determinants and

Working capital - meaning, types,

Security analysis - fundamental approach,

åp c  

£eaning, significance and scope of

üp    

Project Planning and preparation of project

Concept of derivatives; financial

£eaning, objectives, significance,

èpc   

ature, significance and scope of forex

p ^   

àp   %( ) *a , ew Delhi

  , ew York.

O&  !

Author Credit : Team Future Accountant

p     c   

èp     ^

Planning and control of capital expenditure; capital budgeting process; techniques of

capital budgeting- discounted and non-discounted cash flow methods, choice of

p     ^

£eaning and significance of capital structure; capital structure vis-a-vis financial

Introduction; types, determinants and constraints of dividend policy; different dividend

p [!     

Working capital - meaning, types, determinants; assessment of working capital

åp c  

£eaning, significance and scope of financial services; types of financial services ±

üp    

Concept of derivatives; financial derivatives and commodity derivatives; types of

£eaning, objectives, significance, functions and scope of treasury management;

èpc   

p ^   

àp   %( ) *a , ew Delhi

c

a Expert knowledge.

p c

èp ^

p ^

p [!

åp c

üp

èpc

p ^

àp %( ) *a , ew Delhi

, ew York.

O& !

p c

ature, significance, objectives and scope

èp ^

p ^

åp c

üp

èpc

ature, significance and scope of forex

p ^

àp %( ) *a , ew Delhi

, ew York.

O& !

p c

èp ^

p ^

p [!

åp c

üp

èpc

p ^

àp %( ) *a , ew Delhi

, ew York.

O& !