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Financial Institutions and Management Control

This document outlines the course objectives and content for MBA 6077 - Financial Institutions and Services and MBA 6078 - Management Control Systems. For MBA 6077, the course will examine the theoretical framework of the financial system, various financial institutions and services, regulations, and performance. Key topics include commercial and non-banking institutions, insurance, and financial advisory services. MBA 6078 will cover management control systems, budgeting, performance measurement, and auditing functions. It will compare controls in manufacturing and service sectors using tools like balanced scorecards. Case studies will explore designing and implementing control systems.

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121 views3 pages

Financial Institutions and Management Control

This document outlines the course objectives and content for MBA 6077 - Financial Institutions and Services and MBA 6078 - Management Control Systems. For MBA 6077, the course will examine the theoretical framework of the financial system, various financial institutions and services, regulations, and performance. Key topics include commercial and non-banking institutions, insurance, and financial advisory services. MBA 6078 will cover management control systems, budgeting, performance measurement, and auditing functions. It will compare controls in manufacturing and service sectors using tools like balanced scorecards. Case studies will explore designing and implementing control systems.

Uploaded by

shanti priya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

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MBA 6077 FINANCIAL INSTITUTIONS AND SERVICES


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The basic Theoretical Framework: The financial system and its technology; The factors affecting the
stability of the financial system; Development finance vs. universal banking; Financial intermediaries
and Financial Innovation; RBI-Central Banking.

The Financial Institutions: A brief historical perspective. An update on the performance of IDBI, ICICI,
IFCI and SFCs, LIC & GIC- The banking Institutions: Commercial banks - the public and the private
sectors - structure and comparative performance. The problems of competition; interest rates,
spreads, and NPAs. Bank capital - adequacy norms and capital market support.

The Non-banking financial institutions: Evolution, control by RBI and SEBI - A perspective on future
role. Unit Trust of India and Mutual Funds. Reserve bank of India Framework for/Regulation of Bank
Credit . Commercial paper: Features and advantages, Framework of Indian CP Market, effective
cost/interest yield.

Insurance: The Economics of Insurance; Life Insurance; Reinsurance; The Insurance Industry and its
regulation. Efficiency and the Structure of the Insurance Industry; Pension funds; Pension plans
today.

Financial services: Asset/fund based Financial services - lease finance, consumer credit and hire
purchase finance, factoring definition, functions, advantages, evaluation and forfeiting, bills
discounting, housing finance, venture capital financing. Fee-based / Advisory services: Stock broking,
credit rating.

Text Books:

1. M.Y.Khan, Financial Services, Tata McGraw-Hill, New Delhi, 2004.


2. Harsh V.Verma, Marketing of Services, Global Business Press, 2002
3. Sames L .Heskett, Managing In the Service Economy, Harvard Business School Press, Boston,
2001.
Reference Books:
1. M.Y.Khan, Indian Financial System, 4/eTata Mc Graw-Hill, New Delhi, 2004
2. Frank.J.Fabozzi & Franco Modigliani, Foundations of Financial Markets and Institutions, 3/e,
Pearson Education Asia, 2002.
3. H.R Machiraju, Indian Financial Systems, Vikas Publishing House Pvt. Ltd.2002.
4. Meir Kohn, Financial Institutions and Markets, Tata McGraw-Hill, New Delhi, 2003.
5. Pathak : Indian Financial Systems – Pearson Education

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MBA 6078 MANAGEMENT CONTROL SYSTEMS
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Characteristics of Management Control System - Evolution of control systems in an organization -


Relating system to organizational objectives - Strategic Planning, Management Control and
Operational Control - Goal Congruence - Cybernetic Paradigm of Grissinger - Functions of the
Controller Responsibility Centers - Types of Responsibility Centers - Expense Centers, Profit Centers
and Investment Centers - Budgetary Control as a tool for Management Control Systems -
Engineered, Discretionary and Committed Costs - Approaches to budgeting w.r.t. Engineered and
Discretionary costs - Benchmarking and Total Cost Management

Transfer Pricing (Market based and Cost Based) - Related numerical problems - Return on
Investment, Economic Value Added, Capital Budgeting and Ratio Analysis as a tool to management
performance measurement

Management Control Systems in Service Sector vis-à-vis in Manufacturing Sector – Financial and
Non-financial performance measures with reference to Balance Score Card (Rock Water's Model)

Long Range Planning - Converting corporate vision into a long-range plan - Input Output Relationship
Introduction to Audit Function as a control tool covering Financial Audit, Internal Audit and Cost
Audit - Management Audit - Principles and Objectives A minimum 5 cases in designing and
implementation of control systems

Text Books:

1. Anthony and Govindrajan, Management Control Systems, 10th Ed.


2. B.N.Tandon, Practical Auditing

Reference Books:

1. B.K.Bhar, Cost Accounting


2. Kirby, Management Control Systems
3. Prasanna Chandra, Financial Management

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