Jessore University of Science and Technology Department of Finance and Banking Syllabus For The BBA Program Effective From: 2017-2018 Session

Department of Finance and Banking Jessore University of Science & Technology
Jessore University of Science and Technology

Department of Finance and Banking
Syllabus for the BBA program
Effective From: 2017-2018 Session
Jessore University of Science and Technology

Faculty of Business Studies
Jessore 7408, Bangladesh
Page 1 of 71
At a glance:
Total Number of Theory Courses : 41
Total Number of Lab Courses : 02
Total Number of Viva-Voce : 08
Industrial Field Work : 01
Internship and Defense : 01
Total Credits : 145{(Theory Courses 41 × 3=123) + (Lab Courses 2 × 1.5 = 3)
+ (Viva 8 × 1.5 = 12) + (Internship + Industrial Field Work =
5+2 = 7)
Credit Distribution:
Year Semester Credits Yearly Total Credits
First Year First Semester 16.5 34.5
Second Semester 18.0
Second Year First Semester 16.5 33
Third Year First Semester 18.5 36.5
Fourth Year First Semester 19.5 41
Total = 145 credits
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Syllabus Summary
First Year First Semester

Hrs/Week Hrs/Week
Course Code Course Title Credits
Theory Lab
FB 1101 Business English and Communication 3 0 3.0
FB 1103 Computer Applications in Business 3 0 3.0
FB 1105 Principles of Accounting 3 0 3.0
FB 1107 Business Mathematics-I 3 0 3.0
FB 1109 Bangladesh Studies 3 0 3.0
FB 1100 Viva Voce - - 1.5
Total 16.5
First Year Second Semester

Hrs/Week Hrs/Week
Theory Lab
FB 1201 Fundamentals of Finance 3 0 3.0
FB 1203 Introduction to Business Statistics 3 0 3.0
FB 1205 Principles of Management 3 0 3.0
FB 1207 Business Law And Industrial Law 3 0 3.0
FB 1209 Microeconomics 3 0 3.0
FB 1210 Computer Lab 0 2 1.5
FB 1200 Viva voce - - 1.5
Total 18.0
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Second Year First Semester

Hrs/Week Hrs/Week
Theory Lab
FB 2101 Financial Management 3 0 3.0
FB 2103 Business Mathematics-II 3 0 3.0
FB 2105 Macroeconomics 3 0 3.0
FB 2107 Principles and Practices of Banking 3 0 3.0
FB 2109 Principles of Marketing 3 0 3.0
Total 16.5
Second Year Second Semester
Hrs/Week Hrs/Week
Theory Lab
FB 2201 Advanced Business Statistics 3 0 3.0
FB 2203 Organizational Behavior 3 0 3.0
FB 2205 Principle & Practices of Insurance Management 3 0 3.0
FB 2207 Central Banking: Regulations & Reforms 3 0 3.0
FB 2209 Intermediate Accounting 3 0 3.0
Total 16.5
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Third Year First Semester
Hrs/Week Hrs/Week
Theory Lab
FB 3101 Human Resource Management 3 0 3.0
FB 3103 Corporate Financial Reporting 3 0 3.0
FB 3105 Financial Markets and Institutions 3 0 3.0
FB 3107 Principles and Practices of Taxation 3 0 3.0
FB 3109 Management Information System 3 0 3.0
FB 3110 Industrial Field Work and Reporting - - 2.0
Total 18.5
Third Year Second Semester
Hrs/Week Hrs/Week
Theory Lab
FB 3201 Entrepreneurship Development 3 0 3.0
FB 3203 Investment Banking & Lease Financing 3 0 3.0
FB 3205 Government Finance 3 0 3.0
FB 3207 Audit and Inspection of Financial Institutions 3 0 3.0
FB 3209 Development Finance 3 0 3.0
FB 3210 Finance Lab 2 1.5
Total 18.0
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Fourth Year First Semester
Hrs/Week Hrs/Week
Theory Lab
FB 4101 Project Management 3 0 3.0
FB 4103 International Trade and Finance 3 0 3.0
FB 4105 Investment Analysis 3 0 3.0
FB 4107 Islamic Finance 3 0 3.0
FB 4109 Working Capital Management 3 0 3.0
FB 4111 Managerial Accounting 3 0 3.0
Total 19.5
Fourth Year Second Semester
Hrs/Week Hrs/Week
Theory Lab
FB 4201 Strategic Management 3 0 3.0
FB 4203 Corporate Finance 3 0 3.0
FB 4205 Operation Research 3 0 3.0
FB 4207 Management of Financial Derivatives 3 0 3.0
FB 4209 Treasury Management 3 0 3.0
FB 4000 Internship Report and Defense - - 5.0
Total 21.5
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First Year First Semester Syllabus Details
FB: 1101: Business English and Communication

Contact Hours: 3.00 Hours/Week Credits: 3.00
Course Objectives:
Learners will get acquainted with different aspects/mechanism of communication. This course
will provide students a comprehensive view of communication, its scope and importance in
business, and the role of communication and communication principles. Students will be able to
know what the most common barriers to successful Business Communication are and how they
can be overcome. This also enriches the capability of writing English competently, accurately
and appropriately in variety of managerial communication scenarios.
Course Contents:
Communication in the workplace; Adaptation and the selection of Words; Construction of Clear
Sentences and Paragraphs; writing for Effect; Writing Process and Information to Business
Message; Directness in Good-news and Neutral Message; Indirectness in Bad-news Message;
Indirectness in Persuasive Message; local argumentation; Essay Writing: Discuss and Practice
writing introduction, different models of body paragraphs, and writing an outline of body
paragraphs, introduction into cause and effect (Problem based project): choosing topics in groups
for cause and effect presentation, Introduction to critical reading skills: Analyzing tests for logic,
motion and credibility, Idea critic, Basics of Report writing; Long, Formal Reports; Public
Speaking and Oral Reporting ; Techniques of Cross-Cultural Communication; Building a CV
and Cover Letter that Stand Out.
Basic Text:
1. Lesikar’s Business Communication: Making Connections in a Digital World by Kathryn

Rentz, Marie E. Flatley, Paula Lentz. Published by McGraw-Hill/ Irwin Companies, Inc.-12th
Edition.
2. Ouis E.Boone, David L.Kurtz and Judy R.Block, Contemporary Business Communication -
2nd Edition, prentice –Hall Inc. New Jersey, 1997
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FB: 1103: Computer Applications in Business

Course Objectives:
The advent of computers has revolutionized the workplace and redefined operational practices.
The use and deployment of computers, computer systems and information technology (IT)
applications in every aspect of business is now commonplace. The recent application and
adoption of Web-based, information and telecommunication technologies has force-multiplied
the capabilities and benefits of computers. The importance of computers in business cannot be
overstated.
Course Contents:
1. Introduction: Definition of computer, evolution of computer technology, types of

computer, importance and impact of computer in business and society.
2. Information systems basics: Information system (IS) in business, basic IS concepts, IS

functions and components, types of IS, IS users and technology, benefits of IS,
information system fundamentals, hardware, software, stored data, personnel and
procedure for IS, ethical issues for IS.
3. IS Hardware: IS hardware, computer organization, input and output devices, primary

storage, the central processing unit, secondary storage.
4. IS Software: IS Software, software concepts, application software, system software,

software development.
5. IS networks: IS networks and the internet communication concepts, communication

hardware and software, network concepts, Local Area Networks, Wide Area Networks,
Internetworks, internet communication and services, electronic commerce.
6. Business information systems: Business operations, business operation efficiency,

transaction processing system, other business IS: AIS, FIS, MIS, HRIS, Mkt IS,
Enterprise Resource Planning Systems.
7. Decision making & IS: Management decision making , improving management decision
making effectiveness, level and characteristics of management decision, MIS, DSS, EIS,
Expert Systems, Knowledge Management Systems.
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8. E-Commerce and IS: E-commerce and the strategic impact of IS, providing a strategic
impact, E- commerce systems, Inter-organizational IS: Business Alliance, EDI; Global
IS, strategic IS.
9. Business applications: Microsoft office: MS Excel, MS power point, MS Word, S.P.S.S,

correlation and regression analysis.
Basic Text:
1. Timothy J. O’Leary and Linda I. O’Leary, Computing Essentials, Complete Ed.,

McGraw Hill
Reference Books:
1. Robert C. Nickerson, Business and Information Systems, 2nd Edition, Prentice-Hall,
India.
2. David Wigham, Business Data Analysis using Excel.
FB: 1105: Principles of Accounting

Course Objectives:
The objective of this course is to develop students understanding of basic concepts of

accounting, accounting process, and the application of the conceptual framework in such process
in order to develop their abilities to complete the accounting cycle ending with preparation and
presentation of financial statements. This course will also try to equip the students with the
knowledge and ability to understand and analyze the information communicated through the
Financial Statements.
Course Contents:
Accounting –an information system; The Accounting Cycles-Journalisation, Positing in Ledger,

Preparation of Trial Balance; Accounting Equation; Concepts and Principles; Operational Guide
Lines – GAAP; Basic Assumptions; Basic Principles and Constraints; work sheet – Unadjusted
Trial Balance, Adjustments, Closing Entries, Post-Closing Trial Balance, Reserving Entries;
worksheet; preparation of Financial Statements –Income Statement, Balance Sheet; Partnership
Accounts- Nature of partnership Earning; Division of Earning; Hire Purchase and Installment
System Accounting-Hire Purchase: Accounting treatment in the books of buyers and sellers;
Installment: Hire purchase vs. Installment; Determination of Installments; Accounting treatment
for installment both in purchaser’s and seller’s books.
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Basic Texts:
1. Weygandt, Kieso & Kimmel, Accounting Principles
Reference Books:
1. Needles & Anderson, Principles of Accounting
2. Pyle & Larson, Fundamentals of Accounting
3. M Smith and K Fred Skousen, Intermediate Accounting
4. M. C. Shukla, T. S Grewal & S. C. Gupta, Advanced Accounts.
FB: 1107: Business Mathematics – I

Course Objectives:
The main objectives of this course is to build up the mathematical knowledge of the students
related to business decision making, moreover this course with provides an understanding of
basic mathematical concepts and their application in the field of business. After completing this
course the students will be able to take concrete decision about that problem while they face in
day to day business operations.
Course Contents:
1. Introduction to Business Mathematics: Importance, Scopes, Objectives and Limitations of

mathematics in business studies
2. Number System: Origin and concept of number, Classification and properties of Real & imaginary
numbers and odd number, Prime and composite number.
3. Indices surds and Logarithm : Indices, Laws of indices, Uses of indices, Surds, Order of Logarithm,
Properties of Logarithm, Types of Logarithm, Exponential & logarithmic series.
4. Set Theory: Concept- Definition- Characteristics of set- methods of description of set- Basic set
Operations- ordered pair and Venn Diagram- Cartesian Products- Business Application.
5. Functions, Equations, Inequalities and Their Graphing : Functions, Variable, Constant,

Parameter, domain & range Business Functions, Inequalities, Properties of inequalities, Solution of
inequalities, Equations, Types of Equations, Solution methods of linear and non-linear equations,
Graphing of mathematical functions, Equations and inequalities, Business Application.
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6. Permutations and Combinations: Fundamental rules of counting, permutations, Factorial notation,

Permutation of 'n' Different Things, Circular Permutations, Permutations of Things not all different,
restricted permutations, Combination, Complementary theorems, restricted combinations,
Combinations of things not all different, Applications of permutations and combinations to business
problems.
7. Progression : Arithmetic progression, sum of series in Arithmetic progression, Arithmetic Mean,

Business Application, Geometric Progression, Sum of Series in Geometric Progression, Geometric
Mean, Business Application.
8. Mathematics of Finance: Concept of time value of money, Simple & Compound interest,
discounting continuous compounding, Effective & nominal rate of interest, Annuity, Sinking fund &
Amortizations.
Basic Texts:
1. D. C. Sancheti V. K. Kapoor, Business Mathematics-11th edition.
Reference Books:
1. Ann. J. Hughes, Applied Mathematics: For Business Economics and the Social Sciences.
2. R. L. Childers, Mathematics for Management Decision.
3. E. W. Martin Jr., Mathematics for Decision Making, Vol-I & Vol-II
4. Quzi Zameeruddin, V. K. Khanna & Sk, Bombari, Business Mathematics
5. C.A. Bush & Y. J. E. Yong, Foundation of Mathematics with Application to Social &
Management Science.
6. M. A. Taher, Business Mathematics (Current Edition)
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FB: 1109: Bangladesh Studies

Course Objectives:
The course introduces learners to the history, culture, geography, environment and development of
Bangladesh. Students learn about Bangladesh's rich heritage and cultural influences, and about events
which have shaped national identity. Through their studies, learners also gain an understanding of
historical skills and concepts, and examine different interpretations of historical events. Learners also
consider the environmental and development issues facing Bangladesh; this will encourage a better
understanding of the interaction between economy and environment, an understanding enhanced by
the study of different source materials and perspectives. This syllabus gives all learners an
appreciation of the heritage, challenges and opportunities facing Bangladesh.
Course Contents:
1. Introduction to Bangladesh: Emergence of Bangladesh, Topography, climate, natural resource,

agriculture, industry, state of economy.
2. Constitution of Bangladesh: Fundamental Principles, Fundamental Rights, Amendments, Executive

organs, Forms of govt. of Bangladesh, Bangladesh Parliament.
3. From Pakistan to Bangladesh (1947-1971) Problems Facing the new nation of Pakistan, Problems
of national integration between East and West Pakistan, Political mobilization and events leading to
independence, Prescriptive.
4. Economic planning in Bangladesh: Economic planning, necessities of economic planning in

Bangladesh, types of economic plan, population policy, population of Bangladesh, causes of high rate
of population in Bangladesh, measures to solve population problem in Bangladesh.
5. Natural Resources: Renewable Resources, Nonrenewable Resources.
6. Resource for Development: Procurement of resource for development, necessity of resource

mobilization for development, foreign aid, source of foreign aid, types of foreign aid, role of foreign
aid in Bangladesh.
7. Agriculture- Factors affecting agricultural production- physical factors (e. g. relief, climate, soil) and
human factors (e. g. labor, technology capital, land fragmentation, chemicals, seeds irrigation, aid
Subsistence/food crops. A study of rice, Wheat, pulses and oil seeds showing in awareness of the
different environmental requirements of each crop and the processes involved. Cash/commercial
crops. A study of jute, tea, and sugarcane including the importance of growing such crops and the
constraints on the expansion of cash crops. The links with industry and the impact of new
technologies in agriculture- the Green Revolution.
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8. Industry: The importance of industrialization to Bangladesh development. The obstacles to

overcome and Bangladesh's Success as a rapidly growing economy. The role of the state, the private
sector and Multinational corporations/companies (MNCs). The impact of policy changes (e. g. the
changing role of the public sector, infant industry protection & privatization). Types of industries-
cottage industry (e. g. handicrafts), Small- scale industry (e. g. garment making) and large scale
industry (e. g. Jute) the characteristics of each type and their importance for employment (e. g.
gender, age), trade, income & productivity growth)
Basic Text:
1. Rahman, M,A., (2011) Bangladesh Studies, Zahin Publications, Dhaka.
Reference Books:
1. Banglapedia: National Encyclopedia of Bangladesh, Edited by Prof Sirajul Islam. [Latest

Edition(2006)]
2. History of Bangladesh: Social and Cultural History, Political History, Economic History
by Mr. Sirajul Islam.
3. Bangladesh National Culture and Heritage: An Introductory Reader by Mr. A F
Salauddin Ahmed. State Owned Enterprises: Power and Energy, Transport and
Communication.
FB: 1100: Viva Voce

Contact Hours: Nil Credits: 1.5
Viva Voce will be conducted on the basis of courses offered in first year first semester.
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First Year Second Semester Syllabus Details
FB: 1201: Fundamentals of Finance

Course Objectives:
To obtain an understanding and ability to use basic business financial management concepts and
tools of analysis such as valuation, risk-return relationships, financial statement analysis, capital
budgeting, cost of capital, capital structure, and working capital management. To become
familiar with the various types of financing available to a firm.
Course Contents:
1. Introduction: Concepts and Importance's- Functions of Finance- Goals of Finance and scope
of finance, Categories of finance, Career opportunities in finance, Relationship of Managerial
finance with other Disciplines.
2. Risk and Return: Financial and Business risk, leverage and risk, Measuring risk, probability
distribution, Expected value, Standard deviation and co-efficient of variation, Risk premium,
Risk and required rate of return.
3. Time Value of Money and its Application: Future value- Present value- Future value of an
annuity- Perpetuity- Uneven cash flow streams- Annuity Due, Ordinary Annuity, Loan
Amortization.
4. Cost of Capital : Definitions, Cost of specific sources of financing- Debt, Preference capital,
Retained earnings, Newly issued common shares - External Equity- Weighted Average cost
of capital (WACC) - Marginal cost of capital (MCC) Combining MCC and Investment
opportunity schedule.
5. Capital Budgeting Techniques: Importance of capital Budgeting, Discounted and Non

discounted techniques, Generating Ideas of capital projects Project Classifications- Capital
Budgeting Evaluation Techniques. Comparison of the NPV and IRR methods cash flow
Estimation- Identifying the Relevant cash flow- Capital Budgeting project Evaluation-
Capital Rationing.
6. Sources of Financing: Short term Financing: Sources of short term financing- Accruals-
Trade Credit (Accounts Payable) Short term bank loans- Marketable securities- Accounts
Receivable financing- Factoring- Inventory financing. Long term financing : (Equity)
Common Shares- Balance Sheet Accounts and Definitions- Legal Rights and Privileges of
common Shareholders- Evaluation as a source of funds- common stock, Retained Earnings-
The market for common shares- Types of Preference share Evaluation of preferred shares as
a source of fund- IPO and the Investment Banking Process in Bangladesh. Long term
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financing: (Debt) Traditional Debt Instruments- Evaluation of Long term Debt as a source of
fund- The Equity vs. Debt finance corporate financing in Bangladesh.
7. Working Capital Management: Working Capital Terminology- Classifications of Working

Capital, Importance of working capital management, The Cash Conversion Cycle- Working
Capital Estimation- Working Capital Investment and Financing Policy- Advantages and
Disadvantages of Short term Financing- Cash, Credit and Inventory management.
Basic Text:
1. L. J. Gitman, Principles of Managerial Finance, 12th Edition, 2012
Reference Books:
1. S. Besly& E. F. Brigham, Essentials of Managerial Finance.

2. S. B. Bloke & G. A Hirt, Foundation of Financial Management.
3. Vanhorn, J. C. et. al. Fundamentals of financial Management.
FB: 1203: Introduction to Business Statistics

Course Objectives:
From business research, from medical studies to research experiments, from satellites
continuously orbiting the globe to ubiquitous social network sites like Face book or LinkedIn,
from polling organizations to United Nations observers, data are being collected everywhere and
all the time. Knowledge in statistics provides you with the necessary tools and conceptual
foundations in quantitative reasoning to extract information intelligently from this sea of data.
The most lucrative job in the next ten years will be statisticians because now we have essentially
free and ubiquitous data. So the complimentary factor is the ability to understand that data and
extract value from it.
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Course Contents:
1. Introduction : Definition- Concepts- Nature- Scope- Nature of statistical Data- Collection-

Classification- Tabulation- Frequency Distribution- Graphical Presentation of Data.
2. Measures of Central Tendency : Introduction- Arithmetic Mean- Geometric Mean-

Harmonic Mean- Weighted Arithmetic Mean- Mode- Median- Quartiles- Deciles-
Percentiles- Properties of a Good Average- Empirical Relation among the Averages.
3. Measures of Dispersion: Significance of Measuring Dispersion- Properties of a Good

Measures of Dispersion- Range- Inter- Quartile Range and quartile Deviation- Mean
Deviation- standard Deviation- Co-efficient of variations and their uses.
4. Moments, Skewness and Kurtosis: Moments from Arbitrary Value- Moments from mean-
Relation between Moments- Measures of Skewness and its uses- Measures of Kurtosis and
its Uses.
5. Correlation Analysis : Significance of the study of correlation and Causation- Types of

Correlation- Scatter Diagram Method- Karl Pearson's coefficient of Correlation- Rank
Correlation Co-efficient Multiple correlation- Partial correlation.
6. Regression Analysis: Difference between Correlation and Regression Analysis- Simple

regression lines- Regression Equation- Regression Co-efficient.
7. Census and Sampling: Advantages and Disadvantages of sampling over complete

counting- Different Types of sampling- method of selector samples Social Surveys-
Planning- published statistics in Bangladesh.
8. Probability: Meaning of Probability, Elements of set theory- Sample Space- Events-

Theorems of Total and compound probability- Conditional Probability and statistical
Independence- Bayer's law.
9. Random Variable and Probability Distribution : Random Variable, discrete and

Continuous Random variable, Probability distribution- Discrete and continuous probability
distribution, Mathematical expectation of random variable.
Recommended Books:
1. Richard Levin & David S. Rubin, Statistics for Management.

2. Mason & Lind, Statistical Techniques in Business and Economics.
3. Howard L. Basely, Basic Statistics for Business and Economics.
4. S. P. Gupta & M. P Gupta, Business Statistics.
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FB: 1205: Principles of Management

Course Objectives:
The overall aims of this course are to increase both students’ knowledge of management and
ability to manage effectively. It focuses on the theory and fundamental concepts of management
including planning, organization, leadership and control. The syllabus topics have been chosen to
develop the student’s knowledge and understanding of organizational structures and theories,
institutional management issues and their importance for effective management within the
organization. Finally, this course is design to enable the students with a basic knowledge of
management which can be used as a foundation for personal development.
Course Contents:
1. Introduction: Meaning, importance, management process, principles of management,

management roles, management skills, changing nature of management, rewards and
challenges for the managers.
2. Management History: Historical background of management, classical approach, General

administrative theory, quantitative approach, behavioral approach, contemporary approach
and contemporary management challenges.
3. Organizational culture & Environment: Organizational culture, external and internal

environment, how environment effects managers, organizational response to environmental
changes.
4. Decision Making : Meaning and types of decisions, decision making process, decision
making conditions, group and team decision making, decision making models decision
making in today's world.
5. Planning: Meaning, importance and types of plan, steps in planning, barriers to planning,
overcoming the barriers of planning contemporary issues in planning.
6. Organizing: Meaning & importance of organizing-Basic elements of organizing-

Organizational structure and designs- How to choose a proper design.
7. Leading: Meaning, importance and Functions of leadership- Types of leadership Theories of

leadership.
8. Motivating: Meaning, importance of motivation- Relationship believing motivation and

performance Motivation theories- Contemporary issue in motivation.
9. Controlling: Meaning, importance and process of control- Types of control- Tools &
techniques used in control- Requirements of an effective control systems.
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Basic Texts:
1. Stephen P. Robbins, Mary Coulter, Niharika Vohra, Management (Current Edition).
Reference Books:
1. R. W. Griffin, Management (Current Edition).
2. Weihrich and Koonts, Management: A Global Perspective (Current Edition).
3. A. F. Stones, Management (Current Edition).
4. Robert Krietner, Management (Current Edition).
FB: 1207: Business Law and Industrial Law

Course Objectives:
This course aims at improving the understanding of students in business decisions affected by
legal framework of the country. The course has been designed to provide specific knowledge on
law of contract, Companies act, Labor codes, Negotiable Instruments and sale of goods.
Course Contents:
1. Introduction: Definition of Law and legal concepts- Society and law- Rule of law- Sources
of law.
2. Principles of law of Contract : Essential elements of Contract- offer and acceptance- void
and voidable agreements- Free consent- Performance of contract- Termination or discharge
of contracts.
3. Company's Act 1994 :
i) Formation: Definition of Company- Types of company- Private Limited company and

Public limited company- Formation of company- Preparing memorandum of association
and Articles of Association- Prospectus.
ii) Management and Administration- Directors- Secretary- Meeting and Resolutions-
Accounts and Audit.
iii) Winding up: Winding up of companies- Compulsory winding up by the court- voluntary
winding up by the members themselves and voluntary winding up by the creditors-
voluntary winding up under the supervision of the court.
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4. The Bangladesh labor Code, 2006 :

i) Health and Hygiene- Safety- welfare.
ii) Trade Union- CBA- Resolving industrial unrest- Labor militancy and relevant chapter
for mitigation- Settlement of disputes.
iii) Workmen's compensation- Employer's liability for compensation- Distribution of

compensation.
5. Law relating to Negotiable Instruments: Definitions of Bill of Exchange (B/E), Promissory

Note (P/N) and cheques- Acceptance and Negotiations. Rights and liabilities parties-
Dishonor of Negotiable Instruments.
6. Sale of Goods Act: Buyer- Seller- Good sale and Agreement to sell- Essential elements-
Transfer of ownership- Performance of contract of sale.
Basic Texts:
1. K. Sen, and I. K. Mitra, Commercial Law and Industrial Law, World Press Ltd, Calcutta.
Reference Books:
1. Workmen's Compensation Act. 1923.
2. Bangladesh Company's Act. 1994
3. A. A. Khan, Bangladesh Labor and Industrial Law.
FB: 1209: Microeconomics

Course Objectives:
When we talk about the economy, we are referring to the marketplace or system in which these
choices interact with one another. In this course, you will learn how and why these decisions are
made and how they affect one another in the economy. Each of the following units has been
designed as a building block, where the concepts you learn in one unit will enable you to
understand the material you discover in the next unit. By the end of this course, you will have a
strong grasp on the major issues that face macroeconomists, including consumer and producer
behavior, the nature of supply and demand, the different kinds of markets and how they function,
and the welfare outcomes of consumers and producers. You will also be able to apply the formal
principles you learn to real world issues.
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Course Contents:
1. Introduction: Meaning of Economics, Tools of Economic Analysis Scarcity and Choice-

Opportunity Cost, Production Possibility Curve- Shifts in production Possibility Curve-
Efficiency vs Inefficiency. The Nature of Economic Theories- Scope and subject Matter of
Economics- Economic Analysis and Economic Policy Positive vs Normative Economics.
2. The central Problems of Economic Society: How the Economic problems are solved under
Alternative Economic systems, Market Economics, Socialist Economics- Mixed Economic-
Islamic Economic System- The price System- Value and price.
3. A) Theory of Demand and Supply : The demand function- Determinants of Demand for a
commodity Market- Demand curve- Shift vs Movement in the Demand Curve- Supply
function- Determinants of supply- Shift vs Movement in the supply curve- Competitive
Market Equilibrium- Demand and supply and its Implication. Applications; Price ceiling and
price floor- Effects of Taxes and subsidies on consumers and producers.
B) Elasticity of Demand and Supply : Price Elasticity of Demand- Point Elasticity of

Demand- Income Elasticity of Demand- Cross Elasticity of Demand, Total Revenue,
Marginal Revenue, Relationship between Marginal Revenue. Price & Elasticity of Demand,
Elasticity of Supply, Concepts, Application in Business.
4. The Theory of Consumer Behavior : Utility Analysis- Cardinal vs Ordinal utility-

Cardinality A approach- Marginal utility and Law of Diminishing Marginal Utility,
Equilibrium Ordinalist Approach- Indifference Curve & its properties - Budget line-
consumer Equilibrium- Effects of Price and Income Change on consumer Equilibrium-
Derivation of Demand and Engel Curve- Elasticity Measurement along the Engel curve- Its
application- classifying Normal goods, Inferior Goods and Superior Goods- Income Effect
and Substitution Effect, Normal Goods, Inferior Goods and Geffen Goods Paradox.
5. Theory of Production: Short-run production Function- Total Product Curve- Law of

variable Proportions- Average Product and Marginal Product Relationship, long-run
Production Function- Iso-quant and its properties- Returns to scale, cost Function Iso-cost
curve- Producer Equilibrium through Iso-quant and Iso-cost curve- output Maximization vs
cost Minimization- Economic Efficiency- Efficiency in production.
6. Theory of cost: Short run cost: Fixed cost- Variable cost, total cost- Marginal cost- Law of
variable proportions- Long Run cost- Derivation of long run cost- Cost from short run cost.
7. A) Concept of a Market and Different Types of Market: Market Structure- Competitive

and Non-competitive Market- Perfect Competition vs Imperfect Competition.
B) Pricing under Perfect Competition: Short-run and Long-run Equilibrium of Firms and
Industry under perfect competition- Derivation vs Imperfect competition.
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C) Monopoly- Short run and Long-run Equilibrium under monopoly- monopoly and price
Discrimination- The Efficiency Effects of Monopoly, Two-part Tariffs, In temporal Price
Discrimination and Peak- Load Pricing, Natural Monopoly.
D) Monopolistic Competition- Equilibrium in Monopolistic competition- Efficiency, Excess

capacity, advertising.
E) Oligopoly- The Cournot model, Thestackelberg model. The Dominant Firm Model,
Cartels and Collusion.
8. The Factor Market: The demand and Supply of Factors- Pricing of Factors- Determination
of wages- Marginal productivity collusion.
Basic Texts:
1. Samuelson, Microeconomics (Current edition)
Reference Books:
1. R. G. Lipsey and K. A. Chrystal, Principles of Economics (9th Edition).
2. W. J. Baumol and A. S. Blinder, Principles of Economics (7th Edition).
3. Gregory N. Mankiw, Principles of Microeconomics.
4. H. L Ahuza, Modern Economics
FB 1210: Computer Lab
1. Basic Hardware & software.

2. Applications of Microsoft Office programs in business.
FB: 1200: Viva Voce

Viva Voce will be conducted on the basis of courses offered in first year second semester.
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Second Year First Semester Syllabus Details
FB: 2101: Financial Management

Course Objectives:
To understand theories of value, risk and return, capital investment decisions, financing
decisions, dividend policy, capital structure, and options. Also, to study leasing, corporate
takeovers, and managerial compensation.
Course Contents:
1. Financial Decisions : Financial manager, Controller and Treasurer, Functions of

management, The firm and its financial environment, Financing & Investment and Dividend
Decisions- Financial Management organization- Financial Mgt & its Related subjects;
Accounting, Economics & Statistics.
2. Risk and Return: Definition and Types of Return, Measurement of Risk (Individual security
and Portfolio), Adjusted Rate of Return, The Relationship between Risk and Rate of Return,
Capital Market Line (CML), Security Market Line (SML), CAPM- Arbitrage concept.
3. Capital Structure & Leverage : Business Risk and financial Risks, MM Propositions and
policy, Firm value and capital structure, Optimum capital structure, Impact of Financial
leverage on EPS, RDE, Degree of leverage.
4. Financial Statement Analysis : Cross-Sectional and Time series Techniques, Ratio
Analysis, DuPont Analysis, Assumption and properties of financial Ratios, Analysis of
Financial statements, Cross-Sectional Analysis of FSA; Time Series Analysis of FSA.
5. Dividend Policy : Objectives and Types of Dividend policy- Dividend Policy Theories-
Factors influencing Dividend policy- Declaration of Dividend- Stock Dividend and Stock
Split- Dividend Behavior Cum-Dividend, Ex-Dividend. Dividend Irrelevance Theory, Bird in
the Hand Theory, Tax Effect Theory, Residual Dividend Policy, Dividend Signaling Theory
6. Leasing: Introduction to leasing, Types of leasing, Tax aspects of leasing, lease with option
to purchase, leveraged lease, Equipment lease financing etc.
7. Merger, acquisitions, LBOs and Business Failure: Mergers, Consolidation and Holding
Companies, Motives of Merging, LBOs and Divestitures, Business Failure Fundamentals,
Types of Business Failure, Major Causes of Business Failure.
Basic Texts:
1. L. J. Gitman, Principles of Managerial Finance, 12th Edition, 2012
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Reference Books:
1. Evgene F. Brigham, Fundamentals of Financial Management.

2. J. C Vanhorne, Financial Management & Policy.
3. I. M. Pandy, Financial Management.
4. P. V Kulkarni, Financial Management.
5. Bloke, S. B & Hirt, G. A. Foundation of Financial Management.
FB: 2103: Business Mathematics-II

Course Objectives:
The main objectives of Business Mathematics are to build up the students' mathematical ability
to take business critical decision. Students will be introduced to a number of interesting and
useful ideas in preparation for a number of career opportunities in business, government and
industry. Business mathematics has the option to concentrate in statistics taking classes such as
elementary statistics, mathematical statistics I and II, and advanced quantitative tools for
business and economics. This concentration helps students prepare for careers in actuarial work
and as executives in major business firms.
Course Contents:
1. Introduction: Mathematics & Decision making, Model Development, Model solution and
Interpretation of Mathematical solution.
2. Matrix and Determinant : Definition of determinant, Types and properties of a determinant,

Expansion of a determinant, methods of finding sum and product of determinants, Definition
of a matrix, Types of matrices matrix operation solution of simultaneous linear equations by
wring framers rule, Gaussian elimination method, Business Application.
3. Multivariate Calculus: Functions of Several variables, Partial Derivatives, Chain rule and
total derivative Second-order Partial Derivatives, Higher Order Partial Derivatives, Implicit
Partial Derivatives- Extreme for Multivariate Functions- constraint optimization and
Lagrange Multipliers.
4. Integral Calculus: The Relationship between Integral and Differential Calculus, Rules of
Integral Calculus- Fundamental Theorem of Integration- Definite Integral- Application of
Integral Calculus- Determination of Consumer's and Producers' Surplus- The Definite
Integral as a Measure of Total Change.
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5. Linear Programming : Definition- General Linear Programming- Formulating a LPP

Advantage and limitation Basic Feasible Solution- Convex combination- Optimal solution-
Slack and Surplus Variable- Net Evaluation- Artificial Variable etc. Solution of Linear
Programming Problem (LPP) - Graphical Method, Simplex Method, Big-M Simplex Method,
Two phase Method- Duality Theory- Concept of Duality standard From of Primal and Dual.
Dual Formulation, Solution of Dual Problems by Solving the Primal and vice versa-
Economic Interpretation of Dual Problems.
Recommended Books:
1. Ann. J. Hughes, Applied Mathematics: For Business Economics, and the Social Sciences.
2. Robert l. Childers, Mathematics for Managerial Decisions.
3. Frederick S. Hillier and Gerald. J. Lieberman, Introduction to Operations Research.
4. Martin Jr., Mathematics for Decision Making, Vol. I and II
5. Nazi Zameeruddin & Others, Business Mathematics.
6. P. M. Karak, Linear Programming and Theory of Games.
7. E. Bourch, Mathematics with Application in Management and Economics.
8. M. A. Taher, Business Mathematics (Current edition).
FB: 2105: Macro Economics

Course Objectives:
This course provides an overview of macroeconomic issues: the determination of output,

employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are
discussed. Important policy debates such as, the sub-prime crisis, social security, the public debt,
and international economic issues are critically explored. The course introduces basic models of
macroeconomics and illustrates principles with the experience of the foreign economies. The
study of macroeconomics, microeconomics, or both can help all students understand our society
better.
Course Contents:
1. Introduction to Macro Economics : Micro Economics vs Macroeconomics, Importance and

Relevance of Macro-Economic for Business Students- Macro-Economic tools for
Management of Economy under Different Economic Systems- Importance of Macro-
Economic Management for a Developing counting like Bangladesh.
2. National Income Accounting: Measurement and Methods- Concepts of National Income-

GDP- GNP, NNP, NI, PI, DI, PPR, Problem of GDP Measurement, Real vs Nominal GDP,
GDP Deflator, Consumer Price Index (CPI), Production Price Index (PPI), Sectoral
composition of national income in Bangladesh, GDP and Human Welfare- Potential Vs
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actual GDP- The Business Cycle- Output gap- Business cycle, output gap and inflation-
Understanding the business cycle and output gap in Bangladesh. The model of the circular
Flow of income, Goods and Money Flows between Households and firms- Saving-
Investment- Foreign Trade- Government Activity.
3. Theories of Income & Employment: Classical Theory of Income and Employment-

Keynesian Theory of Income and Employment, Effective Demand- Aggregate Demand and
Aggregate Supply- Saving and Investment, Multiplier.
4. Theories of consumption, Saving and Investments- Keynesian Development :

Consumption Function, Linear and Non Linear consumption Functions, Constant and
Variable consumption- MPC and APC and their Relationship- Factor impacting on MPC,
Economic Implications on MPC being less than one and greater than zero, Savings function-
Paradox of Savings Investment- Autonomous and Induced- Multiplier and Equilibrium Level
of output Marginal Efficiency of capital- Interest rate and Equilibrium Level of Investment.
5. Goods & Money Market : Good Market Equilibrium- The Derivation of the Is curve-
Money Market- Equilibrium- The Derivation of LM curve- Simultaneous Equilibrium of the
Goods & Money Market- Monetary and Fiscal policies for stabilization purpose, The open
Economy Macroeconomics, The International Flows of Capital and Goods Exchange Rates,
The Purchasing Power Parity.
6. Theory of Money : Evolution of Barter system into Monetary system- Standards and Their
comparative advantage- Metalic standard and paper standard, Principles of Currency issue;
Narrow money and Broad money, Value of money, Internal and External, Quality theories of
money- Cash Transactions- Cash Balance Approach, Keynesian Approach to Demand For
money- Transitions- Precautionary and speculative Demand for money, Exchange rate,
Determination of Exchange rate in the short run, floating rate, Full convertibility of a
currency- convertibility of capital Account and convertibility of current Account.
7. Monetary Policy : Importance of Monetary policy, The Instrument of Monetary Policy,

Monetary Policy during Inflation, Deflation, Stagflation and Different phases of Business
Cycle, Causes and types of Inflation.
8. Unemployment: Meaning, Measurement- Cost and Causes- Alternative Policy measures-

Unemployment in Bangladesh.
9. Theory of Public Finance : Role and objectives of Public Finance, Public goods and private
goods, Externalities (Positive & Negative) and Market Failures, Fiscal policy, Role,
Instruments and Implications, Principles of taxation- Classification of taxes, Public Revenue
and Public expenditure- Public debt serving and burden.
10. Theory of International Trade : Theory of Absolute Advantage and Theory of comparative
advantage, Modern trade theories, Free trade and Protectionism, Instrument of Protectionism-
Tariff and Non tariff barriers- GATT and UNCTAD, Custom Union & Free Trade areas-
NAFTA, EU, SAFTA, LAFTA, AFTA etc.
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Basic Texts:
1. P. A Samuelson, Economics
2. N. Gregory Mankiw, Macro economics(4th Edition)
Reference Books:
1. Oliver Blanchard, Principles of Macroeconomic

2. R. Dornbusch, S, Fisher and R. Startz, Macroeconomics (8th Edition)
3. H. L Ahuza, Modern Economics
FB: 2107: Principles and Practices of Banking

Course Objectives:
Principles and Practices of Banking is a comprehensive study of finance as a subject and has
been put together for students who aspire for careers in banking and intend to appear for banking
examinations or work in the financial sector. To start with, the course provides an in-depth
knowledge about the banking sector, banking laws, credit theories and practices and what
banking really means. This section culminates with a series of practice papers for the students to
judge their own expertise and understanding of the subject. Interest rates are also introduced:
how and why it varies between different banks and different types of accounts and how the
different Government banks vary in their distribution of rates of interest on different types of
loans, etc. Along with this, there are other aspects of banking systems that are dealt in detail.
Course Contents:
1. Banking Structure: Banking System of Bangladesh, Evolution of Banking, Different

Structural Classifications such as unit, Branch, Chain Banking, Agent Banking etc.,
Functional and other classifications like Central Banking, Commercial Banking, Specialized
Institutions i.e. Developmental Banking, Retail and Wholesale banking, relationship and
Transactional Banking and Non-Banking Financial Institutions, Universal Banking etc. Role
of Banks in Economic Development, Banking System in Bangladesh.
2. Formation of Bank: Primary reserve and Secondary reserve: Differences, Purposes &
elements etc. Constitution of the Board of Directors and fit and proper test for appointment of
Bank director, Declaration for approving the fit and proper test of the Board of director.
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Functions, Liabilities & responsibilities of Board of Director to depositors, to shareholders

and to supervisory agencies.
3. Commercial Banking: Functions and Theories of Commercial Banking, Changing Role of

Commercial Banks in the Developing Countries, Commercial Banking in Bangladesh, Inflow
and outflow of fund of a commercial banks.
4. Islamic Banking: Islamic Approach to Money and Banking, Conventional banking vs

Islamic Banking Operational Mechanism-Deposit mobilization and Investment Management.
Experience of Islamic Banking Operation in Bangladesh.
5. Branch Level Practices: Various types of Deposit Accounts and Deposit Account Holders,
Stages of Deposit processing, Deposit Insurance. Use of Cheque, Collecting and paying
Banker, Duties & obligation of Paying Banker, Legal Aspects of Opening & Operation of
different types of A/C. Various forms of loans & advances and borrower, Charging of
Securities, Guarantees and Indemnities, Different Ancillary Services, Banker-Customer
relationship nature-General & Special.
6. Bank Supervision: Bank Supervision, objectives of bank Supervision, Problem of bank

supervision: Bangladesh perspective, Regional and head Office Level Practices: Supervision,
Audit and Inspection of Branches, Overall Planning and Asset-Liability.
7. Negotiable instrument Act-1881 &Foreign Exchange Mechanism: Negotiable

instruments, Parties, Essentials, Definitions of Bill of Exchange (B/E), Promissory Note
(P/N) and cheques- Acceptance and Negotiations. Rights and liabilities parties- Dishonor of
Negotiable Instruments, Letter of credit, Issuance of L/C, Essentials
Text Books:
1. Banking Law and Practice, Syed Ashraf Ali & R. A. Howlader, 2005,
AgameePrakashani.
2. Kelly, J. E. Practice of Banking. Macdonald and Evans, Plymouth.
Reference Books:
1. Basu, S. K. A Review of current Banking Theory and Practice. The Macmillan Company
of India, Bombay
2. Varshney, P. N. Banking Law and Practice. Sultan Chand and Sons
Page 27 of 71
FB: 2109: Principles of Marketing

Course Objectives:
The purpose of this course is to prepare the student to identify the marketing mix components in
relation to market segmentation; explain the economic, psychological, sociological, and global
factors which influence consumer and organizational decision-making processes; and interpret
market research data to forecast industry trends and meet customer demands. This course will
help students develop the understanding and skills necessary to become successful
marketers. This course integrates the IMC approach, and places an emphasis on decision-
making. Seven perspectives of marketing: global, relationship, ethics, customer value,
productivity, technology, and entrepreneurship are included in this course. Principles of
Marketing are not just about textbook learning: it challenges students to use their critical and
creative skills in all aspects of Marketing, not just those covered in this course.
Course Contents:
1. Introduction to Marketing: Definition of marketing, the marketing process, understanding

the marketplace and customer needs, designing a customer driven marketing strategy,
Preparing an integrated marketing plan and program, Building customer relationships,
capturing value from customers.
2. Marketing Environment, Marketing Ethics and CSR: The Company’s microenvironment,

The Company’s macro environment, responding to marketing environment, Marketing
Ethics, Sustainable marketing, Social criticisms of marketing, consumer and business actions
to promote sustainable marketing.
3. Customer Driven Marketing Strategy: Creating Value for Target Customers : Market
segmentation, segmenting consumer and business market, requirements for effective
segmentation, market targeting, evaluating marketing segments, selecting target market
segments, Positioning, Choosing a positioning strategy, Communicating and delivering the
chosen position.
4. Conceptual Understanding of Global Mix of Marketing: Product, Price, Place, Promotion,

People, Process, Physical Evidence, Packaging.
5. Product life- Cycle and New Product Development: New Product development strategy,
the new product development process, Product life cycle strategies.
6. Product & Brand Creation : Levels of product and services, product and services
classifications, Product and services decisions, individual product decisions, product line
decisions, product mix decisions, Branding strategy, Brand equity, Brand positioning, Brand
name selection, Brand Sponsorship, Brand development.
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7. Pricing: Understanding and Capturing customer value: Factors to consider when setting
prices, Value based pricing and cost based pricing, Value added pricing, Company and
Product cost, Overall marketing strategy, objectives and Mix.
8. Communicating Customer Value: Integrated Marketing Communications Strategy:

The Promotion mix, Integrated Marketing Communications, A view of communication
Process, Steps in developing effective Marketing communication, Setting the total Promotion
Budget and Mix.
9. Packaging Parameter: Definition of Packaging, Functions, Packaging strategies, Product

safety and packaging, criticisms of packaging.
10. Service Marketing: Nature and characteristics of a service, Marketing strategies for services
firms.
11. Sustainable Marketing: Sustainable Marketing, social criticisms of Marketing, Marketing’s

impact on society as a whole, Consumer action to promote sustainable marketing, Business
Action towards the sustainable Marketing.
Basic Texts:
1. Philip Kotler, Gary Armstrong and Peggy Cunningham, Principles of Marketing, 14th
Edition, Pearson, 2012.
FB: 2100: Viva Voce

Viva Voce will be conducted on the basis of courses offered in Second year first semester.
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Second Year Second Semester Syllabus Details
FB: 2201: Advanced Business Statistics

Course Objectives:
The objectives of this course is to provide an understanding for the graduate business students on
statistical concepts to include measurements of location and dispersion, probability, probability
distributions, sampling, estimation, hypothesis testing, to estimate the stocks and consumer
indices, economic and business forecasting, to estimate the limits, analysis of
variance(ANOVA), and multiple regression with autocorrelation and so forth.
Course Contents:
1. Business Forecasting and Time series Analysis : Steps in Forecasting- Methods of

Forecasting- Time series Analysis- Components of Time series- Measures of Trend- Graphic
Method- Method of Semi Averages least squares and moving average Measurement of
seasonal variations- Method of Simple Averages Ratio to Trend Method- Ratio to Moving
Average Method- Link Relative Method- Seasonal Index- Measurement of Cyclical
variations- Interpolation and Extrapolation: Newton's Forward and Backward Formula for
Interpolation and Extrapolation Method- Its limitations and Uses.
2. Index Number: Price Index- Quantity Index- Value Index- Cost of Living Index Numbers
chain Index Numbers- Base shifting- splicing and deflating the Index- Test of Index
Numbers limitation and Uses.
3. Probability Distribution: Probability Function- Binomial Distribution Poisson Distribution

Normal Distribution Area under the normal curve.
4. Sampling Distribution: Students' Distribution, Chi-square Distribution- Fisher's Z-

Distribution- F-Distribution- Their Properties and Uses.
5. Test of Hypothesis: Procedure of Testing Hypothesis- Null Hypothesis- Alternative

Hypothesis- Type I and Type II Errors- Level of significance- Degree of Freedom- One
Tailed and Two Tailed Tests- Power of Test- Tests About Mean- Test about the Difference
between Two means- Tests about the Difference between Two means with dependent
samples- Tests about the correlation co-efficient-tests of Equality of Two Variances- Tests
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for proportion- Test of Independence- Test of Goodness of Fit. Analysis of Variance:

Assumption in Analysis of variance- Computation of Analysis of variance- One way and two
way classification.
6. Statistical Quality Control: Types of control charts- X-Charts-R-Chart-C- Chart-P-Chart-

Benefits and limitations of statistical Quality control- Sampling Inspection plan.
7. Chi- Square Test: Test of independence Test of goodness of fit- Test of homogeneity and
Test of specific value of variance.
Recommended Books:
1. Mason & Lind, Statistical Techniques in Business and Economics.

2. Richard Levin & David S. Rubin, Statistics for Management.
3. B. L. Agarwal, Basic Statistics.
4. S. P. Gupta & M. P. Gupta, Business Statistics.
5. Mendenhall, Reinmuth& Beaver, Statistics for Management and Economics.
6. V. K. Kapoor & S. C. Gupta, Applied Statistics.
FB: 2203: Organizational Behavior

Course Objective:
The main objective of this course is to introduce various human and organizational behavioral
issues. The contents have been meticulously designed to stress the importance and relevance of
organizational behavior theory, research and application in improving the socio-economic order
of the society. This introductory course on behavior will help students to understand that human
and organization is not functional and quantitative subject but also behavioral and qualitative
one.
Course Contents:
1. Organizational Behavior: Definition and importance of OB; Goals and Forces of OB; Concepts
and Framework in OB.
2. Values & Attitudes: Meaning and importance of values; Types of values; Values for cultural
assessment; Values of building Attitudes; Components of attitudes; Types of attitudes; Effects of
employee attitudes.
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3. Job Satisfaction: Measuring job satisfaction; Factors of job satisfaction; Job satisfaction
measurement; Job satisfaction Vs Performance, Absenteeism, and Turnover.
4. Personality and Perception: Meaning and determinants of Personality; Implication of

personality to OB; Factors influencing perception; Application of perception in organization.
5. Frustration: Meaning and importance; OB applications of Frustration; Frustration and

Motivation.
6. Group & Team Behaviors: Definition of group & team; Classification of group; Stages of group
development; Size of Group; Group influence in individual behavior; Group decision making
techniques; Types of team; Ingredients of effective teams; and Team building.
7. Leadership: Attributes of 21st century leader; Leadership Theory: Trait theory, Style theory, and
Contingency theory for organizational effectiveness. Motivation: Motivational drives and
approaches; Motivational theories for organizational effectiveness; Money as a motivator.
8. Power & Politics: Meaning, Contrasting Leadership and Power bases, Sources of Power,
Dependency, Power tactics, Coalitions, Politics: Meaning, factors Contributing to Political
Behavior.
9. Organization Culture: Meaning, Functions, Creating and Sustaining Cultures, How employee
learn Culture.
10. Counseling & Morale: Meaning and Significance, Counseling types, Causes of mental
maladjustment, Way of maladjusted employees, Causes of Low and High Morale, Morale and
productivity, Morale components, Group Morale, Maintaining morale Diagnose of Morale.
Text Books:
1. Organizational behavior, Stephen P. Robbins
Reference Books:
1. Organizational Behavior – Human behavior at work, John W. Newstrom & Keith Davis
2. Organizational Behavior Analysis, Ltithans. F.
3. Management, Heinz Weihrich & Harold Koontz
4. Management, Stephen P. Robbins & Mary Coulter
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FB: 2205: Principle & Practices of Insurance Management

Course Objectives:
This course offers a comprehensive overview and a broad prospective of the principles of Risk
Management and Insurance. While emphasizing traditional risk management and insurance, this
course introduces other types of risk management and stresses that professionals may use the same
general framework to manage all types of risk. Students are provided a framework for (a) making
risk management and insurance decisions to increase business value, (b) understanding insurance
contracts and the insurance industry’s institutional features, and (c) understanding the effects of and
the rationale for public policies that affect risk. This course is required for the RMI certificate and is
most beneficial for students to complete early in the track.
Course Contents:
1. Introduction to Risk Management: Concept, Types of Risk, Risk Faced by Businesses and
Individuals; Risk Management-, The Risk Process and Methods , and Business Risk
Management Organization, Factors affecting risk.
2. Scope and Objective of Risk Management: The Need for a Risk Management Objective,
Understanding the Costs of Risk, Firm Value Maximization and the Cost of Risk, Individual
Risk Management and the Cost of Risk, and Risk Management & Societal Welfare.
3. Risk Identification and Measurement: Risk Identification; Basic Concepts from
Probability and Statistics; and Evaluating the Frequency & Severity of Losses.
4. Risk Management by Individuals and Corporations: Risk Aversion and Demand for
Insurance by Individuals- The Effects of Insurance on Wealth, Risk Aversion, Other Factors
affecting an Individual’s Demand for Insurance; and Business Risk Management
5. Introduction to Insurance: Meaning- Nature-Scope-Role-Origin & History of Insurance-
Insurance Contract-Types & Features- Kinds of Insurance Organizations- Re-insurance and
Double Insurance.
6. Life Insurance: Meaning- Importance – Kinds of Life Policies- Procedure of Effecting Life
Insurance Terms and Conditions in the Assignment of Life Policies- Annuities – Surrenders
and Claims- Premiums and their Calculation.
7. Fire Insurance: Meaning-Principles, Elements of Contract-Classification of Fire Insurance
Policies-Policy Conditions-Determination of Premium-Fire Claims.
8. Marine Insurance: Meaning-subject Matter-Importance- Marine Insurance Contract-Types
of Marine Policies-Policy conditions -Marine Losses-Claims and their Settlement-.
9. Insurance in Bangladesh: Organization and Functions of Jiban Bima Corporation and
Sadharan Bima Corporation-Role of Private Insurance Companies-Laws & Regulation
Influencing Insurance Business of Bangladesh; and Problems & Prospects of Insurance
Business in Bangladesh.
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Basic Texts:
1. Principles of Risk Management and Insurance – Rejda
2. Insurance: Principles and practice- M. N. Mishra
Reference Books:
1. Harrington Niehaus - Risk Management & Insurance (2nd Edition)
2. F. Godwin, Principles and Practices of Fire Insurance.
3. Templeman, Principles and Practice of Marine Insurance.
4. Magee, General Insurance.
5. GOB, Insurance Act, 1938.
6. GOB, Laws Relevant of Insurance, Rules & Regulations Issued From Time to Time.
7. Risk Management and Insurance By- Trieschmamm- HoydSommer
Publisher- Thomsom South West 12th Edition.
FB: 2207: Central Banking: Regulations and Reforms

Course Objectives:
This course will provide students with an understanding of monetary policy of central bank and
the role of economic development as an advisor of Government.
Course Contents:
1. Central Banking: Nature and Functions of Central Bank in Developed Money Market-
Bangladesh Bank- Organization and Management, Corporation between Central Banking and
Commercial Banking, Growth of Central Banking, the universal necessity of Central Bank.
2. Technique of Monetary Management: General Instruments of Money Control- Selective

Instrument of Money Control- Monetary Management in Bangladesh, Central Bank as a
Banker of Banks as an Advisor of Government.
3. Bank Fund Management: Sources and Use of Fund- Portfolio Management, Primary
reserve- Secondary Reserve- Loans and Investment- Capital Adequacy BASEL and other
techniques.
4. Foreign Exchange Management: Determination of Rate- Regulation in Bangladesh.
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Basic Texts:
1. IIBF, “Bank Financial Management”.

2. Bagchi, S. K. “Credit Risk Management.” Jaico Publishing House, Mumbai.
3. Rose, Peter. “Commercial Bank Management” 5th Edition, Texas A & M University
College Station.
4. Skekhar, Banking, Theory and Practice
5. A. R. Khan, Bank Fund Management
Reference Books:
1. Radhaswary and Basudvan, A Text Book of Banking.
2. R. I. Robinson, The Management of Bank Fund.
3. Kerghose, Foreign Exchange and Financing of Foreign Trade.
FB: 2209: Intermediate Accounting

Course Objectives:
This process is designed to accurately reflect business activity, help companies meet the
requirements of the law, present financial accounts to business owners, allow for improved
analysis and facilitate efficient resource allocation.
Course Contents:
1. Partnership Accounts:
a) Introduction: Allocation of earnings among partners and preparation of financial
statement.
b) Admission of a partner: sale of a partnership interest- Treatment of goodwill-

revaluation of asset – preparation of balance sheet after admission.
c) Retirement and death of a partner: Determining and payment of amount due to

a retiring partner-treatment of goodwill- admission- Cum-Retirement- Accounting
treatment for death of a partner.
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2. Business combination: Definition- reasons of combination- types of combination-

methods of combination-establishing the price for a business combination-method of
accounting for business combination: purchase method and pooling of interest method.
3. Company account:
a) Share issue: procedure of issue and accounting treatments- forfeiture and reissue
of forfeited shares-issue and redemption of preference shares and debentures-
issue of bonus and right shares- disclosure requirements as per companies Act,
1994 and securities and exchange rule 1987.
b) Preparation of financial statements: Income statement- retained earnings-

Balance sheet and disclosure in accordance with companies Act, 1994. Securities
& Exchange rule 1987 and IAS- 1: Presentation of financial statements.
4. Branch Accounts: Benefits of branches of accounts- Pricing of goods sent of branches

by head office-head office keeps branch books within its own accounting system-stock &
debtor system- whole-sale branch system-branch keeping separate records-incorporation
of Branch-Trial Balance into head office books and preparation of financial statements.
5. Departmental accounts: Definition-advantages-accounting procedures for departments

or divisions.
6. Financial statement analysis: Basics of financial statement analysis- Horizontal

analysis- vertical analysis- ratio analysis.
Basic Texts:
1. Accounting Principles by R. H. Hermanson, J.D. Edwards and M. W. Maher.
2. Accounting Principles by Mosich & Larsen.
References:
1. Principles and practices Accountancy by Basu & Das.
2. Financial Accounting Text of ACCA.
FB: 2200: Viva Voce

Contact Hours: Nil. Credits: 1.5
Viva Voce will be conducted on the basis of courses offered in second year second semester.
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Third Year First Semester Syllabus Details
FB: 3101: Human Resource Management

Course Objectives:
The aim of the Human Resource Management (HRM) is to give students the knowledge,
understanding and key skills that are required by today's Human Resource professionals and to
enable students to effectively contribute to dynamic organizations. This course will provide a
strong grounding in broad-based fundamental human resource management knowledge and skills
to prepare students for meaningful and productive careers as human resource managers and
professionals.
Course Contents:
1. Introduction: Meaning, functions, objectives, importance and trends in human resource

management, models of HRM, Equal Employment Opportunity (EEO).
2. Human Resource Planning: Nature, significance, objectives, process, types of human

resource planning, environmental influence of human resource planning, problems in human
resource planning, human resource planning environment in Bangladesh.
3. Job Analysis: Nature, process, importance, objectives, methods, uses of job analysis,
methods of collecting job analysis information, job description, job specifications, job
enlargement and job enrichment, job analysis scenario in Bangladesh.
4. Recruitment and Selection: Definition, source of recruitment, internal sources and external
sources, merits and demerits, selection process, employment test, outcomes of selection
devices, constraints, recruitment and selection scenario in Bangladesh.
5. Training and Development: Orientation, nature, training process, training and learning,
determining training needs, training methods, on-the -job and off-the-job training, training
module, management development program.
6. Performance Appraisal Management: Definition, features, objectives, who appraise 360

appraisal, methods, factors of performance appraisal.
7. Career Management: Career planning and development, promotion, employee separation,

transfer, retirement, labor turn-over, absenteeism, wage and salary administrations, salary,
wage.
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8. Employee Compensation Plan: Purposes, features, methods, fringe benefits, objectives,

types, rewards, quality of effective rewards, benefits and services.
9. International Perspective of Human Resource Management
10. Employee Relations: Concept, trade unionism and collective bargaining.
Basic Texts:
1. Gary Dessler, Human Resource Management, Latest edition.
Reference Books:
1. De Cenzo and Robbins-Fundamentals of Human Resource Management, Latest edition.

2. H.T.Graham-Human Resource Management
3. William B. Werther Jr. and Keith Davis-Personnel Management and Human Resources.
4. Edwin B.Flippo-Personnel Management.
5. A.A Khan and M.A. Taher -Human Resource Management: Industrial Relations.
FB: 3103: Corporate Financial Reporting

Course Objectives:
To develop critical thinking and problem solving competencies, at both the individual and group
levels of financial statement analysis, financial planning, principles of valuation, capital
budgeting, capital structure and issues in financial policy and to apply financial theory to analyze
real life situations in an uncertain environment with an incomplete data set.
Course Contents:
1. Financial Information and Capital Markets : Objectives of FA, The Financial Reporting
Systems, Basic problems with interpretation of financial statements, Demand for and supply
of Financial Statement information- parties demanding financial information and conflicts
among diverse parties, factors affecting demand forces, Regulatory and market forces
underlying the provision of financial statement information and disclosure-quality
uncertainty and the market mechanism, costs associated with Disclosure.
2. Accounting Information: Financial Equilibrium, Cash Flow and Sustainable Growth-

Financial Statements- Balance Sheet, Income statement, Cash flow Statement, Critique of
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Accounting Information, Financial Equilibrium, Self-financial and sustainable growth, Free

Cash Flow.
3. Financial Statement Analysis (FSA) : Introductory Techniques-cross-sectional and Time

Series Techniques, Ratio Analysis-Liquidity, Solvency/leverage, profitability &
Activity/Efficiency of Assets Ratios, Analysis of Financial Ratios in Comparison to peer
groups and industry average ratio, Dupont Analysis (Decomposition of ROE ratio),
Assumptions and Properties (Statistical Distribution) of Financial Ratios. A Syntheses-
Introduction, Analysis of and Adjustments to the Balance Sheet, Adjustments to Reported
Income; Analysis of Cash flow, Adjusted Financial Ratios.
4. Financial Projections & Performance: Cross-Sectional Analysis of FSA: Criteria used to

select Comparable (peer groups), Aggregation options in cross-sectional analysis, Industry
Comparisons of Financial Ratios, Industry and Economy influences of financial statement
numbers.
5. Time-Series Analysis of FSA : Issues & Approaches, Firm-oriented factors affecting

reported financial statement numbers-Causal Factor Analysis, Seasonally and Ex-Post versus
Ex-Ante Analysis, Earning management and Smoothing, Statistical Tools for Time-Series
Analysis.
6. Capital markets and Corporate Information Releases : Capital Market Reaction to Frm-
Oriented Announcements, Association between Security Returns and Accounting Earnings,
Evidence supporting non-mechanistic relationship between security returns and reported
EPS.
7. Distress Analysis and Financial Information : Financial Distress and bankruptcy, Costs of
Financial Distress-Over-investment, under-investment & Agency Problems (Milking the
property), Problems in operational zing financial distress, Indicators of Financial distress,
university Models of Distress prediction, Multivariate Models of Distress predation-Multiple
Discriminate Analysis (MDA), Altman's Model Z Score Analysis, Logit Probit analysis.
8. Loan Decision/Credit Analysis and Financial Information: Information sources for Loan
Decisions, Descriptive analysis of Existing loan Decisions, Quantitative approaches to loan
decisions- Issues in Construction of a Quantitative Scoring Model, Two-group multiple
discriminate analysis (MDA), Credit Rating Score, LRA analysis-assessment of business
risk.
9. Financial Control: Corporate Governance and financial control; control systems for social
and economic management; financial control of portfolio management decisions.
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Text Books:
1. George Foster, Financial Statement Analysis, 2nd Edition Chapter- 1, 2, 3, 4, 6, 7, 11, 15 &
16.
2. S. H. Penman, Financial Statement Analysis and Security Valuation, 2001 Chapter- 7, 9, 10
& 14
3. White, Sondhi and Fried, The analysis and Use of Financial Statement, 1997 Chapter-1, 2, 3
& 17.
References Books:
1. Some Reading Materials to be provided.

2. P. Easton, M. McAnally, P. Fairfield, X. Zhang, and R. Halsey, Financial Statement Analysis
& Valuation (2nd edition, 2010)
3. K. R. Subramanyam and J. Wild, Financial Statement Analysis, (10th edition, 2009)
4. J. Wahlen, S. Baginski, and M. Bradshaw, Financial Reporting, Financial Statement Analysis
and Valuation: A Strategic Perspective (7th edition, 2011)
FB: 3105: Financial Markets and Institutions

Course Objectives:
To acquire the skills necessary to manage a financial firm, to describe and apply financial
concepts, theories and tools, and to evaluate the role of technology and the legal, ethical and
economic environment as it relates to financial institutions including the central bank,
commercial banks, insurance companies, mutual funds, investment banks, pension funds etc.
Course Content:
1. Introduction: An overview of the financial system, the role of the financial markets,
Investment and financial intermediation, Structure of financial markets.
2. Primary Market Structure: Overview, Private Placement, Public Issues, Underwriting

Process and Regulation.
3. Secondary Market Structure: Concepts, Types: Direct markets, Brokered Markets, Dealer
markets, auction markets, The Mechanics of Trading, Organized markets and exchanges:
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Dhaka Stock Exchange, Chittagong Stock Exchange, Central Depository System, Regulatory
Institutions, Security Exchange Commission, laws relating to Money and Capital Markets of
Bangladesh.
4. Financial assets and financial transactions: Creation of financial assets, Characteristics of

financial asset, money and evolution of financial system, Lending and the borrowing in the
financial system, an economic analysis of financial structure.
5. Determination of Interest rates: Term structure of interest rate, Classical theory of interest
rate determination, Liquidity preference theory of interest rate determination.
6. Banking and the Management of Financial Institution: The bank balance sheet, Asset
management, Liability management, Capital adequacy management, Credit management,
Interest rate management.
7. Non-Banking Financial Institutions management: Insurance management, Pension funds,

Mutual fund, Hedge fund, Securities market operations, Finance companies operations.
8. Risk management of financial institutions: Market risk, off balance sheet risk, technology
and operational risk, Foreign exchange risk, country or sovereign risk, liquidity risk,
insolvency risk.
9. Financial Institutions involved in the Financial Markets: Specialized Banks, Islamic

Bank, Commercial Banks, Investment Corporation of Bangladesh, House Building Finance
Corporation, Non-Depository Institutions, World Banks, IFC, IDA MIGA, ADB & IDB etc
Text Books:
1. Anthony Saunders, Marcia Million Cornett, Financial Institutions Management.

2. Frederic S. Miskin, the Economics Money, Banking and Financial Markets.
References Book:
1. Jeff Madura, Financial Markets and Institutions.
Page 41 of 71
FB: 3107: Principles and Practices of Taxation

Course Objectives:
The objective of the first part of this course is to give an idea about concepts and principles of
public finance. It will be helpful to understand the nature of public and private finance and its
sources along with the areas of public income and expenditure with the practical exposure.
Learners will be able to explain the provisions of various tax statutes.
Course Contents:
1. Introduction: Definition- Characteristics of Tax- Objectives of Tax- Taxation Principles-

Kinds of Taxes- Role of Taxes in the Economic Development of Bangladesh- Tax structure
in Bangladesh.
2. Income Tax and Its Classifications : Definition of Income, Characteristics of Income,

Capital & Revenue Receipts and Expenditure, Total Income and World Income,
Classification of Income-on the basis of Assessment, Casual and Non-Recurring Income,
Heads of Income.
3. Basic Elements of Income Tax: Income year and Assessment year- Assesses- Residential
status- Tax Rate- Tax payers Identification Number (TIN)- Tax Collection Account Number.
4. Income Tax Authorities in Bangladesh: Administrative and Judicial Authority- Appeal-

Revision- Penalties.
5. Tax Assessment and Collection: Definition of Assessment- Assessment Procedure- Types

of Assessment- Rules for payment and collection of Taxes- Advance payments of Tax- Tax
Deduction at source.
6. Tax Return: Preparation of Accounts and Tax Return Assessment of Individual under
different heads of Income.
7. Tax Evasion & Avoidance: Methods- Techniques Preventive Measures.
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8. Value Added Tax : (VAT) : Definition- Arguments for & against- Assesses- VAT
registration- Books to be maintained- Tax authorities & assessment procedure- Computation
of VAT.
9. Gift of Tax: Charge of Gift Tax- Gift to include certain transfer- Exemptions from Gift Tax-
Determination of the value of gifts- Return of gifts- Gift tax payable- penalty- Prosecution-
Assessment procedures- Rates- Authorities.
10. Assessment of Companies and Corporation including Banks and Insurance Business:
Definition of Company and Types of Companies; Computation of Total Income and Tax
Payable; Tax Rebate on Higher Productivity, Higher Dividend, CSR (Corporate Social
Responsibility) and others; Procedure of Assessment; Assessment of Banks and other
financial institutions; Liability of Directors for Unrecoverable Tax of Private Companies,
Liability of Liquidators for Tax of Private Companies under Liquidation, Liability to Tax in
case of Shipping and Air Transport Business of Non-residents.
Basic Text:
1. Monjur Morshed Mahmud & others, Income Tax.
Reference Books:
1. M.A Hoque, Income Tax Law.

2. H.L Bhatia, Public Finance
3. Circulars & orders, Issued by NBR
FB: 3109: Management Information System

Course Objectives:
This course explains the capabilities and benefits of computer systems, and about computer and
IT technology, hardware, software, backups and computer-based communication. It explains the
role of computers in planning, forecasting, analysis and business decisions, and covers designing,
selecting, implementing and running computer systems to meet organization needs. It also
covers the management of staff and colleagues who use computer systems, data security, and the
general management of IT.
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Course Contents:
1. Introduction: Concepts of IT, information systems, The Role of information system in

Bangladesh, Approaches to information system, Trends of it in Bangladesh.
2. Information Technology and IT I infrastructures: Concepts, origin of IT, Hardware

platforms and software platforms.
3. Privacy and Security in IT: Program Documentation and Maintenance, Application

software, Enterprise application systems-ERP, SCM, CRM AND SCM.
4. IT in Global Business: Business Process and Information system, Major types of

information system in managing Business Processes and Decision Making.
5. Strategic Information System: Interrelation between Organization and Information

systems, Business Level Strategies, Achieving Competitive Advantage through Porter’s Five
Forces Model and value chain model.
6. Data Based Management System: Organizing Data in Traditional File Environment, Data
BASE Management Systems, Capabilities of Data BASE Management Systems, Data-
Warehouse-Data Mart and Data Mining.
7. Telecommunications and Networks: Net networking and Communication trends, Computer

network, Types of networks-LAN,MAN,WAN,Intranet,Extranet,Internet,Cellular Systems.
8. E-Commerce and E-Business: Key Concept of E-Commerce, Types of E-Commerce, E-

Commerce Business Model, E-Commerce Revenue model, E-Commerce Marketing, Mobile
E-Commerce Services and Applications.
Internal Evaluation Marks 10 will be allocated on the performance in IT Applications, Uses

which primarily includes MS Office Applications, Database management at work place and
Network Application-LAN.
Basic Text:
1. Kenneth C.Laudon,jane P.Laudon,Management information systems: Managing the digital

firm,12th edition,2012,pretice Hall.USA.
Reference Books:
Page 44 of 71
1. Peter Norton, Introduction to Computer, Latest edition, Tata MeGraw-Hill,New Delhi.

2. James O.Brien, Management information system in the networked enterprise McGraw-Hill.
FB: 3110: Industrial Field Work and Reporting

Industrial Tour will be conducted in this semester with the supervision of minimum two (02)
course teachers. Students will submit a report and face Viva Voce.
FB: 3100: Viva Voce

Viva Voce will be conducted on the basis of courses offered in third year first semester.
Page 45 of 71
Third Year Second Semester Syllabus Details
FB: 3201: Entrepreneurship Development

Course Objectives:
Entrepreneurs are the innovators that stimulate job growth, economic growth and development that
allows any country to compete with and in the global economy. The purpose of exposing the
students to Entrepreneurship and Small Business Development is to motivate them to look at
entrepreneurship as a viable, lucrative and preferred career. Entrepreneurs require a foundation in
several key areas in order to be successful. This course will focus on multiple topics including:
opportunities and challenges for new ventures, benefits/drawbacks of entrepreneurship, strategic
management and forms of business ownership, marketing strategies, venture finance and human
resource management. The students develop and can systematically apply an entrepreneurial way of
thinking that will allow them to identify and create business opportunities that may be
commercialized successfully.
Course Contents:
1. Introduction: Evolution of Entrepreneurship; Myths of Entrepreneurship; Approaches to

Entrepreneurship; Definition of Entrepreneur and Entrepreneurship, characteristics; Dark
side of Entrepreneurship; Model of Entrepreneurial motivation; Entrepreneur and
Entrepreneur; Women Entrepreneurship; High –Tech Entrepreneurship.
2. Theories of Entrepreneurship: Psychological theories; Socio-psychological theory;

Cultural theories; Background Factors Theories or General theories.
3. Analysis of business Environment and opportunities: Basic Structure of Environment;

Business Environment: political, economic, legal and technical aspects of Environment;
Environmental scanning procedure; SWOT analysis; techniques of environmental analysis.
4. Developing Entrepreneurship: Entrepreneurship Development factors; process of

developing Entrepreneurship; Entrepreneurship Development cycle; EDP and need for EDP;
Family Business; Business plan; Start-up and buy-ups.
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5. Entrepreneurship and Small Business: Definition of Small business; large Vs Small

business; Feature of Small business; Stages of Small business Development; Role of small
business; Development Issues-legal Issues.
6. Small Business plan: Definition, Importance-Uses and Features of business plan; Elements
of business plan; Step to develop a business plan; pitfalls to avoid in making business plan.
7. Production, Finance and Marketing by small firms: product Development and

Renovation; Production flow process; Production Elements; Production control process;
Production Plan, Marketing Research, Marketing Function, Marketing Mix, Promotional
Strategies, Source of finance, equity and debt financing; Problems of financing small
business.
8. Growth and Development of Entrepreneurial Ventures: Strategic planning for emerging

venture; Joint venture, Franchising, Licensing, Stages of venture development; key factors
during the growth stage, succession and continuity plan, Evaluation of financial performance;
Exit Strategies’; Case Studies.
9. Entrepreneurship and small business development in Bangladesh: Entrepreneurship

development potentials; problems of developing entrepreneurship in Bangladesh;
Governmental role and support services in developing small business in Bangladesh; Need
for training and development; Role of BSCIC and other organization in developing
entrepreneurship.
10. Franchising: Meaning and Definition-Purpose of Franchising-Merits and Demerits of

Franchising-Types of franchise, Favor obtainable from the parent company-When
Franchising is not advisable.
Basic Text:
1. Donald F.Kuratko and Richard M.Hodgetts, Entrepreneurship-A Contemporary

Approach(3rd edition)
Reference Books:
1. Craig S.Fleisher and Babette E.Bensoussam,Strategic and Competitive analysis.

2. Longe and Necker, Entrepreneurship and small business development.
3. A.R Khan, Entrepreneurship and small business development.
Page 47 of 71
FB: 3203: Investment Banking & Lease Financing

Course Objectives:
This course comprises two different aspects –Lease Finance and Investment Banking. Lease
financing decision is related with long term investment and capital structure decision. Investment
banking is a field of banking that aid companies in acquiring funds. The focus of this course is
on a practical and comprehensive understanding of banking analysis and other investment
banking activity in the capital markets. This also provides the idea how a business firm uses the
services of an asset without buying it and tax benefits. The course should be useful for students
considering careers in investment banking, sales and trading, corporate finance, investment
management.
Course Contents:
Part- I: Lease Financing
1. Introduction: Origin, Concept of leasing and scope of operations, Business of leasing and its
management, and Leasing Business in Bangladesh.
2. Issues of leasing: accounting issues, tax issues and regulatory issues.
3. Economics of lease financing: Economics of lease financing, financial analysis for lease
transaction: lessee’s perspective- Buy or lease decision, lessor’s perspective- Investment
decision, pricing of lease facility and fixation of lease rental.
4. Hire purchase: Hire purchase finance-definition–Hire purchase Vs installment payment–

Rights of Hire-Rate of interest–Methods of interest calculation–Hire purchase Act–Legal and
tax aspects-Accounting and Financial Valuation.
Reference:
1.J. C. Verma, (1995): Lease Financing & Hire Purchase (Concepts, laws and procedures) with
Consumer credit, Bharat law House, New Delhi.
2.C. Richard Baker & Rick Stepahn Hayes - Lease Financing a practical guide , John Wiley
and Sons, NewYork.
3.Brahmaiah B - Lease Financing: Theory and Practice, Himalaya Publishing House, India.
4.IAS - 17 & FASB-13.
5. Shahjahan Mina- Business Finance and Financial Management,, The angel publication,
Dhaka.
Page 48 of 71
Part- II: Investment Banking

1. Introduction to investment banking : Introduction to investment banking: Definition,
history, investment banking services, trend in investment banking, investment banking vs
commercial banking, industry structure of investment banking, economic role of investment
banking, financial engineering vs. investment banking,
2. Primary market making :Primary market making – market mechanism, IPOs-origination,

due diligence, types of underwriting contract, underwriting, pricing, Book building vs. Fixed
pricing, preparing prospectus, distribution fees, legal aspects of issuing, SEC (IPO) Rules-
2006, Seasoned public offering, private placement, under pricing, Long run performances.
3. Secondary Market making: (dealer and broker service)
4. Structured Finance: Definition, role, mechanism and products- Securitization, credit
derivative, other products, structured finance vs. conventional finance
5. Other aspects: Private equity, Investment management, Advisory services
6. Investment banking in Bangladesh: Regulatory laws, industry structure, growth
potentiality, service pattern, impediments and remedy, case study
7. Venture Capital Financing: Venture capital- meaning and definition–Features–Origin and
growth of venture capital-Seed capital and startup financing–Key factors for consideration
for appraisal–Management buy-outs and buy-in stages of venture capital financing.
8. Corporate Venturing: Corporate venturing–Framing and managing the venturing process–
selecting opportunities-Locating the venture in the organization–Developing the business
plan–Organizing and controlling the venture.
Reference:
1. John F. Marshall & M.E. Ellis -Investment Banking and the Brokerage The new rules of the
game , McGraw-Hill Publication.
2. Investment Banking- Guru samy.
3. Pratap Subramanyam -Investment Banking An Odyssey in High Finance, Tata Mcgrah-Hill
Publishing Ltd. New Delhi.
4. J.C. Verma-Merchant Banking Organization and Management, Tata Mcgrah-Hill
Publishing Ltd. New Delhi.
5. Selected Rules and Ordinance issued by SEC.
6. Frank J. Fabozzi, Franco Modigliani, Frank J. Jones & Michael J. Ferri - Foundation of
Financial Markets and Institutions, Third edition, Pearson Eduacation.
7. Jobst,A. Andreas (2005), What is Structure Finance, working paper available at
http://www.securitization.net/pdf/Publications/StructuredFinance_20Oct05.pdf
Page 49 of 71
FB: 3205: Government Finance

Course Objectives:
The main aim of Government Finance is to develop students technically on rationale for public
sector, efficient allocation and distribution of public sector, interventions such as market failure
and distributional concerns , public expenditure policy , public resource mobilization via user
charges and taxation, operation of budget systems, key factors determining a nations fiscal
architecture, fiscal balance and deficit financing.
Course Contents:
1. Introduction: Concept and constituents of public finance, Theories of public finance-

classical theory, Keynesian theory, and Musgrave theory, Allocation and Distribution- Pareto
and social optimality, Pareto optimality and the competitive solution; Efficiency in
consumption, Efficiency in production. Good governance- Accountability and Transparency.
2. Market Failure, Public Goods and Externalities: Market failures and the role of
government, Public Goods, Efficiency Conditions for Public Goods, Externalities, Private
Solutions to Externalities, Public Sector Solutions to Externalities.
3. Public Expenditure Policy: Concept, Causes of expenditure, Principles of expenditure

evaluation, Public Choice in Determining the Level of Public Expenditure, Government
Expenditure Patterns- The Case of Bangladesh.
4. Taxation and economic efficiency: Five Desirable Characteristics of any Tax System.
General Framework for Choosing among Tax System. Tax Incidence in competitive and
monopolized markets. Tax Incidence, Taxation of Capital Optimal Taxation.
5. Budget systems: Nature of budget, Budget cycle, Operation of budgetary process, State and
local budget systems, Earmarking and expenditure determination. Budget procedure of
Bangladesh, Public Procurement Act of Bangladesh.
6. Fiscal Policy and Stabilization: Principles of Stabilization Policy- Multiplier models,

Stabilization in the Open Economy, Inflation and Rational Expectations. Economics of
Public Debt-Definition, Public Debt and Economic Growth, Public Debt and Inflation,
Burden of Public Debt, Fiscal Policy of Bangladesh.
7. The Economics of Aid: Foreign Assistance- Aid: Functions of Aid, Criticism of Aid, Grants:
Process of Grant seeking, Elements of a good grant proposal.
Page 50 of 71
Basic Texts:
1. Economics of the Public Sector, Joseph E. Stiglits, Third Edition, (New York: W. W.
Norton & Co, 2000)
2. H.L Bhatia,Public Finance.
Reference Books:
1. Richard A. Musgrave, and Peggy B. Musgrave, Public Finance in Theory and Practice,
Fifth Edition, Singapore McGraw Hill Book Company.
FB: 3207: Audit and Inspection of Financial Institutions

Course Objectives:
The objectives of the course are to impart the knowledge among the students about the
introductory concepts, conceptual framework of auditing and auditing process. In addition, the
course will deal with important aspects of conducting audit in Bangladesh and contemporary
issues and development in the field of auditing and assurance services.
Course Contents:
1. Introduction and an over view of Assurance and Auditing: Meaning of Audit, Nature and
Scope of Audit; Objectives of Audit: Primary and Secondary, Types of Audit and Auditor,
Assurance Engagements, Attestation Services,Agreeing the terms of Audit Engagement,
Engagement Letter, Generally Accepted Auditing Standards (GAAS).
2. Ethics and Basic Principles Governing an Audit: Ethics, Ethical Dilemma; Code of
Professional Conduct & Principles of Professional Conduct (Ethical Principle, Rules of
Conduct, Threats to Independence and safeguards applied therefore.
3. Audit Responsibilities & Objectives: Auditor and Management’s Responsibility Regarding

Financial Statements being audited, Auditor’s Responsibility for Detecting Material Errors &
Fraud, Auditor’s Responsibility for Detecting Illegal Acts.
4. Legal Relationship: Changed Legal Environment-Major Sources of Auditor’s Legal

Liability, Legal Concepts Affecting Liability-Auditor’s Defenses against Client Suits &
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Third Party Suits The Profession’s Response to Legal Liability, Protecting Individual CPAs
from Legal Liability.
5. Audit Evidences: Nature of Evidence-Audit Evidence Decision, Persuasiveness of

Evidence-Types of Audit Evidence, Different Terms Used in Audit Procedures, Analytical
Procedures-Five Types of Analytical Procedures.
6. Planning and Documentation: Planning An Audit and Designing An Audit Approach:

Preplan The Audit, Obtain Background Information-Obtain Information about Client’s Legal
Obligation, Perform Preliminary Analytical Procedures-Working Papers (Purposes,
Ownership, Confidentiality, Permanent and Temporary Working Paper Files, Review of
Working Papers and Documentation-Audit Completion Procedures.
7. Risk and Materiality: Asses control risk- test of control- compliance test of Internal Control
with attribute sampling- substantive tests of financial balances with variable sampling.
8. Internal Control and review Theory: components of Internal Control, Procedures to obtain
and understand of Internal Control.
9. Audit Reports: Auditors’ responsibility to report under the Companies Act, Basic Elements
of the Auditors’ Report-Types of Audit Opinion, Examples of various types of audit opinion,
Letter of Representation from Client Management-Management Letter.
Basic Text:
1. B. N. Tandon: A Handbook of Practical Auditing.

2. Auditing-An integrated Approach-- Arens & Loebbecke.
3. Bangladesh Auditing Standard (BSA).
4. Audit & Assurance, ACCA, Paper F, Kaplan.
Reference Books:
1. Paula: Principles of Auditing
2. Chakrabarty and Bhattacharya: Practical Approach to Auditing
3. ICAB ManuaL.
4. CA Study Material of Assurance
Page 52 of 71
FB: 3209: Development Finance

Course Objectives:
Finance-related issues are increasingly important in development, and this course provides you
with a thorough understanding of the specific problems of development finance. It equips you
with the necessary skills to make a meaningful contribution to policy formulation and
implementation, by focusing on financial development, policy and financial management, with
specific reference to developing countries.
Course Contents:
1. Introduction: Emergence of Bangladesh, Topography-Climate, Economic Sector Highlights;

Agriculture, Industry, Forestry, Energy, Minerals, Transport and Communication.
2. Nature of Development and Underdevelopment: Meaning of Economic Development-

Growth vs. Development- Economic Development vs. Welfare-Developing Countries:
Conceptual Issues- Measurement of Economic Development - Alternative Measures of
Economic Development - PQLI and HDI- Determinants of Development: Lessons for the
LDCs from the Late Developers (Japan, Germany and the East Asian Countries).
3. Theories of Development : An overview of the General Theories of Development- Classical

Views leading theories Schumpeter, Rostow, Mars, Neo-classical theories.
4. Dualistic Development: The Conceptual Issues: Social, Cultural and Political Dualism-
Labor Surplus Economy and Choice of Techniques- Lewis Model.
5. Basic Issues of Economic Development of Bangladesh: Poverty, Balance of Payment, Role

of Donor and International Agencies, NGO Activities, Micro Credit Programs, Add: Income
Inequality- Unemployment-Inflation-Environment.
6. Development Strategies of Bangladesh: Goals and objectives of Five Year Plans and PRSP,
Policies and Strategies relevant to agriculture.
The Global Integration of the Bangladesh Economy-Technology Transfers- Women and
development.
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7. Foreign Aid and Foreign Investment: Types of Foreign aid, Perception Donors and
Recipient Countries, Flow of Foreign aid to Bangladesh Foreign Direct Investment (FDI),
Impact of FDI, Merits and demerits- MNCs- Positive and Negative effect.
8. Planning in Bangladesh : Concept of Planning, Need for Planning, Arguments for and
against planning, Rationale of Planning, Planning under different Economic systems,
Planning by directive and inducement, Financial and Physical Planning, Perspective
planning, Macro, micro and local level planning, Participatory planning. History and
experience of planning in Bangladesh, planning process in Bangladesh, Annual and Five-
Year Plans, Planning strategy.
9. Financial Administration of GOB.
Basic Texts:
1. Michael P. Todaro, Economic Development in the Third World, 7th Ed. Longman.
Reference Books:
1. Debraj Ray, Development Economics, Princeton University Press, 1998.
2. G. M. Meier, Leading Issues in Economic Development, 7th Ed.
3. M. Gillis et al., Economics of development, 2nd Ed. W. W. Norton, 1985.
4. S. Ghatak, An Introduction to Development Economics, 2nd Ed. Allen and Unwin, 1986.
5. M. P. Todaro, Development Planning: Models and Methods, Oxford University Press,
1971.
6. M. L. Jhingan, The Economics of Development and Planning, 30th Edition, Konark, New
Delhi.
7. Akthar Hossain, The Economics of Development and Planning, 30th Edition, Konark,
New Delhi.
FB 3210: Finance Lab

Working with accounting related Software: Tally, SPSS, and SAGE50 etc.
Financial Statements Preparation and Presentation with Different Accounting & financial Software.
FB: 3200: Viva Voce

Page 54 of 71
Viva Voce will be conducted on the basis of courses offered in third year second semester.
Fourth Year First Semester Syllabus Details
FB: 4101: Project Management

Course Objectives:
This course will consolidate and expand your knowledge of project costing and deepen your
understanding of its relevance to the broader project development process. You will acquire the
theoretical knowledge and project management skills required to distinguish and compare
alternative financing schemes for project performance, and you will also analyze and appraise
the economic status of projects and corporations. Further, you will broaden and deepen your
understanding of project financial management principles, theory and practice as applicable to
contemporary industry practices.
Course Contents:
1. Introduction: Definition and types of projects, project life cycle, project design with
logical framework, capital budgeting process.
2. Project Management: Definition of Project management, project planning and process,

project scheduling, project resource allocation, different aspects of project management.
3. Project Appraisal: Definition, objectives, scope and type of appraisal, derivation of cash
flow, discounting techniques, net present value, benefit to cost ratio, internal rate of
return, market feasibility study, technical appraisal, financial appraisal, economic and
social appraisal and environmental impact assessment.
4. Project Risks: Different types of risk with projects, measures of project risks, analysis
under uncertainty, sensitivity analysis, scenario analysis, Monte Carlo simulation,
decision tree analysis.
5. Project Implementation: Implementation planning techniques, use of central path

method and program evaluation review technique as implementation tools, strategic
planning.
6. Project Monitoring and Evaluation: Monitoring and its importance in project

implementation, explanation and exercise of monitoring formats, evaluation of projects.
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7. Project Termination: Reasons for termination, the verities of project termination,

critical issues in successful project termination.
8. Project Leadership: The route to be a good project manager, managing versus leading a
project, qualities of an effective project manager, managing project stakeholders, team
building.
Basic Texts:
1. Dorald F. Kuratko and Richard M. Hodgetts, Entrepreneurship: A contemporary

Approach, Latest Edition the Dryden press, Harcourt Brace College publishers.
2. Dr. A.R. Khan; Entrepreneurship and Small Business Development, Latest Edition.
Reference Books:
1. Honohor U. Despands; Entrepreneurship of small Seal Industries; Concepts Growth
and Management, Deep Publications, New Delhi, Latest edition.
2. Calvin A. Kent (Edited), The Environment Entrepreneurship
3. Projects: Planning, Analysis, Financing, Implementation and Review, 2009, Prasana
Chandra, 7th Edition, Tata McGraw Hill Education Private Limited.
FB: 4103: International Trade and Finance

Course Objectives:
To be successful in business these days students need to develop a global mind set. Studying
International Trade and Finance allows them to see how globalization has brought about an
increasing 'connectedness' of businesses, markets, people and information across countries. From
this course students learn how to think about business in a global context, meaning that they
learn about everything from different cultures to the management of multinational businesses and
expansion into international territory.
Page 56 of 71
Course Contents:
1. Introduction: Meaning and definition of International Trade, Scope of International

trade, Historical Development of International Trade, International trade vs Inter-regional
Trade
2. Theories of International Trade: The Mercantilist view on Trade, Adam Smith’s theory
of Absolute Advantage, David Ricardo’s Law of Comparative Advantage, Offer Curves
and the Terms of Trade, Factor endowments and Heckscher- Ohlin (H-O) Theory, Intra
industry trade theory.
3. International Trade Policy: Trade Restrictions, Tariffs-basic analysis, Agreements for

and against tariff, Other national policies affecting trade import quota, import
discrimination, export barriers, export subsidies and countervailing duties, dumping,
economic integration, custom union, free trade areas, international resource movement
and the role of multinational corporation in international trade.
4. Foreign Trade Procedure: Participants of foreign trade markets, the spot market, the
forward market, management of foreign exchange risk hedging, arbitrage, swaps,
speculation.
5. Balance of Payment: Concept, Components of BOP, and Disequilibrium in BOP –

Causes for disequilibrium and Methods to correct the disequilibrium in Balance of
Payment, current account, the capital account, the official reserve account, double entry
book keeping, measuring the deficit or the surplus, official intervention.
6. Foreign Exchange Market: Nature of transactions in foreign exchange market and

types of players, Exchange rate determination, Convertibility of rupee – Euro currency
market.
7. World Trade Organization: Objectives, Organization Structure and Functioning, WTO

and India, International Financial institutions – IMF, IBRD, IFC, ADB – Their role in
managing international liquidity problems.
8. The Joint Venture Financing.
Basic Text:
1. International Ecomomics by Dominick Salvator.

2. Theory and Problems of International Economics, latest edition.
Page 57 of 71
Reference Books:
1. International Economics by Kindleberer
2. Peter H. Linder and Thomas - A Pugel IRWIN
FB: 4105: Investment Analysis

Course Objectives:
Investment analysis and Portfolio Management is a broad term that encompasses many different
aspects of investing. It can include analyzing past returns to make predictions about future returns,
selecting the type of investment vehicle that is best for an investor's needs or evaluating securities
such as stocks and bonds for valuation and investor specificity. It means the process of judging
an investment for income, risk, and resale value. It is important to anyone who is considering an
investment, regardless of type.
Course Contents:
1. The Investment Setting: Definition of Investment; Why do people invest? Nature of

Investment – Real and Financial Asset, Marketable and Non Marketable Securities;
Importance of Studying Investment; Investment Decision Process; Forms of Investment
Strategies; Why should we learn Modern Investment Theories? Holding Period Return;
Holding Period Yield; Mean Historical Return for Single and Portfolio of Investment;
Expected Rate of Return; Risk of Expected Rate of Return; Risk Measure for Historical
Return; Determinants of the Required Rate of Return of Investment – Real Risk Free Rate
(RRFR), Nominal Risk Free Rate (NRFR) and Factors affecting NRFR, Risk Premium, Risk
Premium and Portfolio Theory, Fundamental and Systematic Risk; Relationship between
Risk and Return.
2. The Asset Allocation Decision: Concept, Individual Investor’s Life Cycle, Portfolio
Management, Process, Need for a Policy Statement, Input to the Policy Statement –
Investment Objectives and Investment Constraints, Importance of Asset Allocation.
3. Securities Markets and Stock Market Indexes: What is Market? Characteristics of Good
Market, Primary Capital Markets, Secondary Financial Markets, Over-The-Counter Market,
Third Market, Call versus Continuous Markets; Investment Banking; Process of Security
Underwriting, Broker versus Dealer, Types of Orders; Short Sales; Margin Transactions;
Security Market Indicator Series – Uses of Market Index, Differentiating Factors in
constructing Market Indexes; Different Stock Market Indexes.
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4. Fundamental Analysis:
Economic Analysis: The Economy and the Stock Market – The Business Cycle, The
Relationship between the Bond Market and the Stock Market, Macroeconomics Factors of
the Economy, Understanding the Stock Market – The Determinants of Stock prices; Valuing
the Market; Forecasting Changes in the Market.
Industry Analysis and Company Analysis: Industry Analysis – Performance of Industries

over time, Concept of Industries and Its Classification, Analyzing Industries, The Industry
Life Cycle, Qualitative Aspects of Industry Analysis, Evaluating Future Industry Prospects;
Company Analysis – Fundamental Analysis, Accounting Aspects of Earnings, The problems
with reported Earnings, Analyzing a Company’s Profitability, Fundamental Security
Analysis in Practice.
5. Technical Analysis: Meaning, Basic Principles, Trend and Trend Reversals, Mathematical
Indicators and Market Indicators.
6. Valuation Principles and Practices: An Overview of the Valuation Process; Why a Three-
Step Valuation Process? Does the Three-Step Valuation Process work? Theory of Valuation
– Stream of Expected Returns, Required Rate of Return, Investment Decision Process;
Valuation of Bonds; Valuation of Preferred Stock; Approaches to the Valuation of Common
Stock.
7. Investment in Real Assets: Advantage and Disadvantage of Real Assets; Real Estate as an
Investment; Financing of Real Estate; Types of Mortgages – Fixed, Variable and Adjustable
Rate Mortgages; Forms of Real Estate Ownership; Real Estate Financing Companies in
Bangladesh.
8. Investment Companies: Concept; Types – Open-End, Closed-End, and Unit Trust; Types of
Mutual Funds; Investment Company Performance; Different Investment Companies
Operating in Bangladesh.
Basic Texts:
1. Investment Analysis and Portfolio Management – Frank K. Reilly and Keith C. Brown.
2. Investments: Analysis and Management – Charles P. Jones.
Reference Books:
1. Portfolio and Investment Selection: Theory and Practice – Haim Levy and Marshall.
2. Fundamentals of Investment management – Hirt Geoffrey and Block B. Stanely.
Page 59 of 71
FB: 4107: Islamic Finance

Course Objectives:
Islamic finance is widely known as “sharia compliant’. Sharia law prohibits usury, or riba, the
acceptance of interest and fees in exchange for loans. Investing in businesses that provide goods
and services considered “haraam,” or sinful, is also prohibited. From the perspective of
Bangladesh this course will give a proper knowledge about Islamic financial products and
Islamic Financing.
Course Contents:
Collection and investment of funds; determination of profit and distribution of profits; Mode of
Investment; Role of the central bank; implementation of Islamic banking; experience from
different countries.
Text: 1. Islamic Economics, By Mohammad Abdul Hamid

2. Text book on Islamic Banking, By Islamic Economic Research Bureau
3. Islamic Banking System Concepts and Application By Sudin Haron Bala Shanmugam
FB: 4109: Working Capital Management

Course Objectives:
The goal of effective working capital management is to ensure that a company has adequate
ready access to the fund necessary for day-to –day operating expenses, while at the same time
making sure that the company’s assets are invested in the most productive way. Achieving this
goal requires a balancing of concerns. Insufficient access to cash could ultimately lead to severe
restructuring of a company by selling off assets, reorganization via bankruptcy proceedings, or
final liquidation of the company. On the other hand, excessive investment in cash and liquid
assets may not be the best use of company resources.
.
Page 60 of 71
Course Contents:
1. Introduction: Concept of working capital, composition and significant of W/C management.
2. Approaches to Working Capital Management: Approaches, Relationship between current

Asset Current liability, and Determinant of working capital, measuring working capital.
3. Working Capital Cycle: Planning and forecasting working capital needs why hold cash &
Marketable Securities? Money market, floatation and check clearing, Lock box Location
problem, Cash connection strategies, Disbursement management.
4. Management of Cash: Cash forecasting, Types Cash forecasting, Methods of Financial

forecasting, Uncertainty in cash forecasting, hedging cash Balance uncertainties, Models for
the management of Cash & Temporary Investments, Cash Budget.
5. Management of Account Receivables: Terms of Sale Decisions, Standard Approaches

Credit Granting Decision Monitoring Accounts Receivables, Bad Debt losses monitoring.
6. Valuation and management of Various Types of Inventories: Concepts, Alternative to

holding Inventory, Costs in Inventory system, Approaches to Inventory Management EOQ,
ABC, Just-In-Time Model.
7. Current Liabilities Management: Short term Financing, Sources, Management of Account

Payables, Notes Payables, Accruals, Short term Bank loan.
8. Working Capital Management Practice in Bangladesh.
Basic Text:
1. Frederick C. Scherr, Working Capital Management: Text and Cases.
2. Hampoton, J. J. & Celilal, L. W., Modern Working Capital Management.
3. Reading Materials provided by Course Teacher.
Reference Books:
1. V E Ramouoorthy, Working Capital Management.
2. Md. Jahirul Hoque, Financial Planning & Control in Public Sector Industries in
Bangladesh.
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FB: 4111: Managerial Accounting

Course Objectives:
This course is planned for the graduate students of the department so that the students can realize the
importance of Management Accounting as a major source of relevant information for decision
making. Specific objectives of this course are:
(i) to describe what managers do and why they need accounting information;
(ii) to give ideas about cost terms, concepts and classifications;
(iii) to explain the importance of cost behavior and their relationship with managerial decision
making;
(iv) to give elementary idea about budgets and budgetary control;
(v) to discuss various methods of segment performance measurement;
(vi) to introduce techniques of generating relevant information for decision making
Course Contents:
Introduction: Definition of Management Accounting; Scope and functions of Management Accounting;
Evolution of Management Accounting; Financial Accounting vs. management accounting; Cost
accounting vs. Management Accounting; The management accountant: The controller function, the
treasurer function; Expanding role of management accountants; Comparison between traditional and
contemporary role of management accountants; Management accounting in service and non-profit
organizations; the management accounting profession; Standard of ethical conduct for management
accountants.
Cost Classification and Cost Behavior Analysis: Cost classification for decision making; Cost
behavior; Analysis and measurement of cost behavior; Methods of segregating costs into fixed and
variable costs (High-low method, Inspection of accounts/Accounts classification method, Engineering
method, Ordinary least square method); Contribution format of Income Statement.
Cost-Volume-Profit Analysis: Assumption and uses of Cost-Volume-Profit (CVP) analysis; Breakeven

analysis; Computations of breakeven point and shutdown point; Graphical approach to CVP analysis;
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Margin of Safety, Degree of operating leverage (DOL); Limitations of CVP analysis; Accounting view
vs. Economics view of BEP; Limiting factor.
Relevant Information for Decision Making: The concept of relevant cost; Using relevant cost
information in decision making; Make or buy decisions; Limiting factor analysis; Addition or deletion of
products or departments; Special sales orders; Sell or process further decision; Replacement of asset
decision etc.
Variable Costing: A Tool for management: Definition and nature of Variable and Absorption Costing,
Variable Costing VS Absorption Costing, COGS & Profit Determination under Variable and Absorption
Costing, Reconciliation between Variable and Absorption Costing.
Text Book:
1. Garrison, R. H. and E. W. Noreen. Managerial Accounting. Chicago, IL: Irwin.
Reference Books:
1. Horngren, C.T. and G. 1. Sundem and W. O. Stratton. Introduction to Management Accounting.
Delhi. Pearson Education Asia.
2. Atkinson, A. A., R. S. Kaplan and S. M. Young. Management Accounting. Delhi: Pearson
Edication Asia.
FB: 4100: Viva Voce

Viva Voce will be conducted on the basis of courses offered in fourth year first semester.
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Fourth Year Second Semester Syllabus Details
FB: 4201: Strategic Management

Course Objectives:
The course ‘Strategic Management’ is designed to let the learners know why some organizations
succeed and why others fail, why success may turn into failure and how a failing organization
can regain success. The study of this course gives the learners an opportunity to gain an
understanding of the analytical techniques and skills that are necessary to identify and exploit
strategies successfully and how the decisions made by the managers affect the expected goals.
How organizations strategies are connected with their mission and goals, how these strategies are
devised at functional, business, global, and corporate levels and how these strategies are
implemented within the organizational structure and control systems- are also the aspects a
learner is expected to know from this course.
Course Contents:
1. Introduction to Strategic Management: Meaning of strategy and Strategic Management-

Levels of Strategic Managers-Strategic Management process-Strategic Decision making and
the strategic Audit-Benefits and challenges of Strategic management.
2. Strategy making Tasks: Developing Vision Mission-Setting objectives-Formulating

strategy-Factors that shape Strategy-Matching Strategy To The situation.
3. Internal Environment Assessment : Overview of Internal Analysis- Internal Analysis-

Profitability Analysis- Distinctive Competencies and Competitive Advantage- Core
Competencies and Value Chain Model- Sustaining Competitive Advantage.
4. External Environmental Assessment: Industry and Competitive Analysis-Porter's Five

Forces Model- Macro Environment Analysis: PESTEL- Evaluating Multinational
Environment- Environmental Forecasting- Integrate Forecast Results into the Strategic
Management Process- Strategic Group Map.
5. Functional Level Strategy: Meaning of Functional- Level Strategy- Achieving Superior

Efficiency and Responsiveness to Customers-R & D Strategy- Operations Strategy- Human
Resource Strategy- Purchase Strategy- Information Technology Strategy- Integrating the
Functional Strategies.
6. Business Level Strategy : Meaning and Nature of Business Level Strategy- Adaptive
Strategies- Michael Porter's Cost Leadership, Product Differentiation and Focus Strategies-
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Strategic Group Analysis- Strategy in Fragmented, Emergent, Maturity and Declining

Industries.
7. Corporate Level Strategies : Meaning and Nature of Corporate Level Strategy- Grand
Strategies- Integration Strategies- Corporate Diversification Strategies- Corporate Alliance
Strategies- Strategic Outsourcing- Models for allocating Resources among the Divisions and
SBUs: BCG Matrix, GE Business Screen Matrix and Beyond the Portfolio Matrix.
8. Strategy Implementation: Meaning of Strategy implementation-Implementing Strategy

through Organization Structure, Budgets and Support System- Implementing Strategy
through Developing Organizational Commitment, Culture and leadership- Strategic Control.
9. Case Analysis in Strategic Management.
Basic Text:
1. Charles W. L. Hill and Gareth R. Jones, Strategic Management: An Integrated Approach,
Houghman Mifflin- Current Edition.
References Books
1. Thomas L. Wheelen and J. D. Hunger, Strategic Management and Policy, Pearson

International, Current Edition.
2. Arther A. Thompson & A. J. Strickland, Strategic Management: Concepts and Cases,
Richard D. Irwin, Current Editions.
3. Mason A Carpenter and W. M. Gerals Sanders, Strategic Management, Pearson
International, Current Edition.
4. Johm A Pearcell and Richard B Robinson, Strategic Management: Formulation.
Implementation and Control, Richard D. Irwin.
FB: 4203: Corporate Finance

Course Objectives:
The course should provide students with a continuation of the techniques, theory and
methodology of corporate finance covered in Introductory Finance course. Elements of financial
theory will be presented, with a view towards understanding the implications of risk, cost of
capital, capital structure, and dividend policy, international aspect of corporate finance, mergers
and acquisitions as well as derivatives for hedging corporate risk. Students are encouraged to
further their knowledge of current events by reading financial magazines, newspapers, websites,
etc.
Page 65 of 71
Course Contents:
1. Introduction: An overview of Corporate Finance, Several Possible Objectives of the Firm:

to Avoid Bankruptcy, Maximize Market Share, Minimize Costs and Maximize Profit; the
Ultimate Objective of the Firm: Wealth Maximization; The More General Goal of the firm.
2. Risk-Return Analysis and Cost of Capital: Cost Of Equity Capital, CAPM and Dividend
Discount Model, Cost of Debt, and Cost of Preferred Stock, Weighted Average Cost of
Capital (WACC), floatation Cost, Weighted Average Cost of Capital and Project
Evaluation.
3. Capital Structure : Financing Choices to Firm, The Process of Raising Capital,

Maximizing Firm Value versus Maximizing Stockholders Interest, Financial Leverage and
Firm Value, MM Proposition I and II Without Tax, MM Proposition I and II With Tax.
4. Capital Structure and Cost of Financial Distress: Bankruptcy Risk or Bankruptcy Costs,
Direct and Indirect Costs of Financial Distress, Agency Costs, Reductions of Costs of Debt,
Tax Effect and Financial Distress Costs, The Pecking Order Theory, The Effect of Personal
Tax on Capital Structure.
5. Financing Decision and Market Efficiency: Corporate financing and the six lessons of
market efficiency, Concept of efficient market, Forms of Efficient market.
6. Dividend Decision: Dividend, Factors Affecting Dividend Decision, Stock Dividend, Stock
Repurchase, Stock Split, Reverse Stock Split, Right Share, Reasons for Stock Dividend,
Stock Repurchase, Stock Split, Reverse Stock Split, Right Share, Dividend Irrelevance
Theory, Bird in the Hand Theory, Tax Effect Theory, Residual Dividend Policy, Dividend
Signaling Theory.
7. Merger and Acquisition: Merger, Acquisition, Joint Venture, Merger and Acquisition
Strategies, Takeover Process, Defensive Tactics, Valuation, Divestments and De-mergers,
Accounting Procedure of merger.
8. Financial Distress: Financial Distress, Bankruptcy, Technical Insolvency, Causes of

Business Failure, Bankruptcy Liquidation and Reorganization, Predicting Corporate
Bankruptcy.
Text Book:
1. Stephen A. Ross, Randolph W. Westerfield And Jeffrey Jaffer, Corporate Finance, 9th
Edition.
Reference Books:
1. Aswath Demodaran, Corporate Finance , 2nd Edition
2. Richard A. Brealey, Stewart C. Myers And Franklin Allen, Corporate Finance, 8th Edition
Page 66 of 71
FB: 4205: Operation Research

Course Objectives:
Decision making is the most important task for a manager of an organization so as to minimize
the cost or to minimize the profit as because today’s business world is competitive and the
environment is changeable and uncertain. The decision has to be quick as well as sound and it
requires a rigorous and scientific approach. to the problem. The main objective of this course is
to provide a scientific basis to the managers of an organization for solving problems involving
interaction of the components of the system for finding a solution, which is the best interest of
the organization as a whole. The goal of this course is to teach a student to formulate, analyze,
and solve mathematical models that represent real-world problems.
Course Contents:
1. Introduction: Introduction, Origin and Historical Development of OR, Importance of OR,

Objectives of OR, Characteristics of OR, Scope of OR, Models of OR, Methods of OR,
Phases of OR, Advantages of OR, Limitations of OR, Usefulness of OR in Bangladesh.
2. Model Formulation: Developing model, Typical Model orientation, Cost Output Model,
Break-Even Model, Demand-Supply Equilibrium Model, Forecasting Model, Inventory
Model.
3. Basics of System Analysis: Review of LP, Duality of LP, Formulation of Dual, Formulation
of Dual when the primal has mixed constraints, Application of duality, Economic
interpretation of optimal solution of dual problem Sensitivity analysis of LP, Range of
feasibility, Optimality, insignificance, Shadow Prices and their Economic Interpretation.
4. Transportation Problem: Introduction, Mathematical model of Transportation Problem,

Types of Transportation Problems, Methods of Solving the Transportation Problems: Initial
Feasible Solution Methods- North-West Corner Rule, Minimum Cost-Cell Method, Vogel's
Approximation Method (VAM)/ Penalty Method, Optimal Solution Methods- Stepping Stone
Method and MODI Method, Transshipment Problem.
5. Assignment Problem: Introduction, Mathematical formulation of assignment problem,

Types of assignment problems, Methods of Solving the Assignment Problems: Hungarian
Assignment Method (HAM), Special Situations of Assignment Problems, Computer solution
method.
6. Queuing Theory (Waiting Line Theory): Introduction, Object of Queuing Theory,

Characteristics of Queuing Model, Assumptions of Queuing Model, Classification of
Queues, Queues Discipline, Single channel and Multiple Channel of Queuing Model,
Limitations of Queuing Theory.
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7. Network Analysis: Project Scheduling: Introduction, Rules of network construction,

Spanning Tree Method, Shortest Route, Maximum Flow Method, Applications of Project
Management, CPM (Critical Path Method): Computing ES, EF, LS and LF Times, Concept
of Critical Path. PERT (Program Evaluation and Review Technique): Expected Project
Completion Time, Variance of Expected Project Time, Probability of certain project
completion time, Project Completion Time with Certain Probability Advantages and
Limitations of CPM & PERT, Crashing of the Project Networks: Time- Cost-Trade- Off,
Budgetary Control.
8. Sequencing Model: Introduction, Sequencing Problems, Processing of Jobs through

Machines: Processing jobs through two machines, Processing jobs through Three machines,
Routing Problems in Network.
9. Replacement Theory: Introduction, Replacement of capital equipment that deteriorate with

time, Replacement of items failing completely, Staffing problems.
10. Game Theory: Introduction, Basic terminologies of game theory, Assumptions of game,
Types of Games, Solution Systems of Game Problems: Game with Pure Strategies, Game
with mixed strategies, Dominance Property of Game.
Basic Texts:
1. Anderson, D. R. Sweeney, D. S and Williams, T. (2012) An Introduction to Management

Science.
Reference Books:
1. Render, B; Stair, R.M. Jr., Hanna, M.E. and Badri, T. N. (2012), Quantitative Analysis for
Management.
2. Stevenson, W (2012), Management Science.
3. D. C. Sancheti V. K. Kapoor, Business Mathematics-11th edition.
FB: 4207: Management of Financial Derivatives
Course Objectives:
The market of derivative financial instruments plays an important role in the global economy.
Futures exchanges where derivatives are traded function as the centers of pricing for many assets
and also as mechanisms that make it possible to re-distribute various financial risks among the
participants in this market. The main objectives of this course is to know about derivatives
markets and the application of different types of derivatives tools.
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Course Contents:
1. Introduction: Exchange traded markets, over the counter markets, Forward contracts, future
contracts, options, types of traders, hedgers, speculators, arbitragers, dangers.
2. Mechanics of Future Markets: Background, specification of a future contract, convergence

of futures price to spot price, daily settlement and margins, newspaper quotes, delivery, types
of traders and types of orders, forward and futures contracts.
3. Interest Rates: Types of rates, zero rates, bond pricing, determining treasury zero rates.
4. Determination of Forward and Futures Prices: Investment assets vs. consumption assets,
short selling, assumptions and notation, forward price for an investment asset, known
income, known yield, valuing forward contracts, are forward prices and future prices equal?
Futures prices of stock indices, forward and futures contracts on currencies, futures on
commodities, the cost of carry, delivery portions, futures prices and expected future spot
prices.
5. Swaps: Mechanics of interest rate swaps, the comparative advantage argument, the nature of
swap rates, determining the LIBOR/swap zero rates, valuation of interest rate swaps,
currency swaps, valuation of currency swaps, credit risk.
6. Mechanics of Option Markets: Types of option, option positions, underlying assets,

specification of stock options, margin.
7. Properties of Stock options: Factors affecting option prices, assumption and notation, upper
and lower bounds for option prices, put-call parity, early exercise: calls on non- dividend
paying stock, early exercise: puts on a non-dividend paying stock, effect of dividend.
8. Trading Strategies Involving Stocks: Strategies involving a single option and a stock,
spreads, combinations, other payoffs.
9. Binomial Trees: One step binomial model, risk neutral valuation, two steps binomial tree, A
put example, American options, delta, matching volatility with u and d.
10. The Black-Schols- Merton Model: Volatility, concepts underlying the black scholes merton
differential equation, derivation of the black scholes merton differential equation, risk neutral
valuation, Black Scholes pricing formulas, cumulative normal distribution function, warrants
and executive stock options, implied volatiles, dividends.
Basic Texts:
1. Options, futures and other Derivatives latest edition, John C. Hull.
Page 69 of 71
FB: 4209: Treasury Management

Course Objectives:
The objective of this course is to provide fundamental knowledge about Treasury Management.
This course provides an insight into broader aspects of the treasury function; more specifically,
how a treasury may be structured and use technology effectively, and how bank relationship
selection and management plays a key role in delivering effective cash management solutions. It
intends to familiarize the students with the fundamentals of foreign exchange management which
are also explored since many cash managers need to understand foreign exchange transactions as
part of their remit as business becomes increasingly international.
Course Contents:
1. Introduction to Treasury Management: Meaning, Objectives, Concept, Functions of

Integrated Treasury, Process of Globalization, Evolving Role of Treasury as Profit Centre,
Organization of Treasury.
2. Treasury Products: Short Term Funds and Investment Management, Financial Marketing ,
Money Market, Capital Market, Call Money, Government Securities, REPOs, Certificate of
Deposits, Rediscounting Bills, Commercial Papers, Foreign Exchange Markets & Treasury,
Linkage of Domestic Operations with Foreign Operations.
3. Liquidity planning and Managing Cash Assets: Measurement of Liquidity, Objectives of

Cash Management, Reserve with Central Banks, Managing Float, Managing Correspondent
Balances, Liquidity Planning, Traditional Liquidity Measures.
4. Risk Management: Introduction, Definition of Risk and Risk Management, Risk

Management Process, Risk Identification, Measurement, Monitoring and Control, Types of
Risks, Business Risk, Credit Risk , Market Risk , Earning Risk , Liquidity Risk, Operational
Risk, Control Risk , Capital.
5. Interest Rate Risk and Management: Factors Influencing Interest Rates, Theories on
Interest Rates Liquidity Adjustment Facility (LAF), Fixed Income Securities, Pricing,
Valuation, Yield on, Fixed Income Securities, Bond Theorems, Interest Rate Risk, Duration
and Immunization, Bond Portfolio Management. Measuring Interest Rate Risk with Gap and
Earning Sensitivity, Duration GAP Analysis, Simulation Technique.
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Basic Texts:
1. IIBF, “Bank Financial Management”.

2. Bagchi, S. K. “Credit Risk Management.” Jaico Publishing House, Mumbai.
3. Rose, Peter. “Commercial Bank Management” 5th Edition, Texas A & M University
College Station.
4. Skekhar, Banking, Theory and Practice.
5. A. R. Khan, Bank Fund Management.
Reference Books:
1. Radhaswary and Basudvan, A Text Book of Banking.

2. R. I. Robinson, The Management of Bank Fund.
3. Kerghose, Foreign Exchange and Financing of Foreign Trade.
FB 4000: Internship Report and Defense

Contact Hours: Nil Credits: 5
Students will study and solve the problems in the field of Finance and Banking under a
supervisor in industry for at least (03) months. At the end of the semester, students will submit
internship report and face defense.
FB: 4200: Viva Voce

Viva Voce will be conducted on the basis of courses offered in fourth year second semester.
Page 71 of 71

Jessore University of Science and Technology Department of Finance and Banking Syllabus For The BBA Program Effective From: 2017-2018 Session

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Jessore University of Science and Technology Department of Finance and Banking Syllabus For The BBA Program Effective From: 2017-2018 Session

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Department of Finance and Banking Jessore University of Science & Technology

Jessore University of Science and Technology

Jessore University of Science and Technology

Year Semester Credits Yearly Total Credits

First Year First Semester 16.5 34.5

Second Semester 18.0

Second Year First Semester 16.5 33

Second Semester 16.5

Third Year First Semester 18.5 36.5

Second Semester 18.0

Fourth Year First Semester 19.5 41

Second Semester 21.5

Total = 145 credits

First Year First Semester

First Year Second Semester

Second Year First Semester

Second Year Second Semester

Third Year First Semester

Third Year Second Semester

Fourth Year First Semester

Fourth Year Second Semester

First Year First Semester Syllabus Details

FB: 1101: Business English and Communication

1. Lesikar’s Business Communication: Making Connections in a Digital World by Kathryn

FB: 1103: Computer Applications in Business

1. Introduction: Definition of computer, evolution of computer technology, types of

2. Information systems basics: Information system (IS) in business, basic IS concepts, IS

3. IS Hardware: IS hardware, computer organization, input and output devices, primary

4. IS Software: IS Software, software concepts, application software, system software,

5. IS networks: IS networks and the internet communication concepts, communication

6. Business information systems: Business operations, business operation efficiency,

9. Business applications: Microsoft office: MS Excel, MS power point, MS Word, S.P.S.S,

1. Timothy J. O’Leary and Linda I. O’Leary, Computing Essentials, Complete Ed.,

FB: 1105: Principles of Accounting

The objective of this course is to develop students understanding of basic concepts of

Accounting –an information system; The Accounting Cycles-Journalisation, Positing in Ledger,

1. Weygandt, Kieso & Kimmel, Accounting Principles

FB: 1107: Business Mathematics – I

1. Introduction to Business Mathematics: Importance, Scopes, Objectives and Limitations of

5. Functions, Equations, Inequalities and Their Graphing : Functions, Variable, Constant,

6. Permutations and Combinations: Fundamental rules of counting, permutations, Factorial notation,

7. Progression : Arithmetic progression, sum of series in Arithmetic progression, Arithmetic Mean,

1. D. C. Sancheti V. K. Kapoor, Business Mathematics-11th edition.

FB: 1109: Bangladesh Studies

1. Introduction to Bangladesh: Emergence of Bangladesh, Topography, climate, natural resource,

2. Constitution of Bangladesh: Fundamental Principles, Fundamental Rights, Amendments, Executive

4. Economic planning in Bangladesh: Economic planning, necessities of economic planning in

5. Natural Resources: Renewable Resources, Nonrenewable Resources.

6. Resource for Development: Procurement of resource for development, necessity of resource

8. Industry: The importance of industrialization to Bangladesh development. The obstacles to

1. Rahman, M,A., (2011) Bangladesh Studies, Zahin Publications, Dhaka.

1. Banglapedia: National Encyclopedia of Bangladesh, Edited by Prof Sirajul Islam. [Latest

FB: 1100: Viva Voce

First Year Second Semester Syllabus Details

FB: 1201: Fundamentals of Finance

5. Capital Budgeting Techniques: Importance of capital Budgeting, Discounted and Non

7. Working Capital Management: Working Capital Terminology- Classifications of Working

1. L. J. Gitman, Principles of Managerial Finance, 12th Edition, 2012

1. S. Besly& E. F. Brigham, Essentials of Managerial Finance.

FB: 1203: Introduction to Business Statistics

1. Introduction : Definition- Concepts- Nature- Scope- Nature of statistical Data- Collection-

2. Measures of Central Tendency : Introduction- Arithmetic Mean- Geometric Mean-

3. Measures of Dispersion: Significance of Measuring Dispersion- Properties of a Good

5. Correlation Analysis : Significance of the study of correlation and Causation- Types of

6. Regression Analysis: Difference between Correlation and Regression Analysis- Simple

7. Census and Sampling: Advantages and Disadvantages of sampling over complete

8. Probability: Meaning of Probability, Elements of set theory- Sample Space- Events-

9. Random Variable and Probability Distribution : Random Variable, discrete and

1. Richard Levin & David S. Rubin, Statistics for Management.

FB: 1205: Principles of Management

1. Introduction: Meaning, importance, management process, principles of management,

2. Management History: Historical background of management, classical approach, General

3. Organizational culture & Environment: Organizational culture, external and internal

6. Organizing: Meaning & importance of organizing-Basic elements of organizing-

7. Leading: Meaning, importance and Functions of leadership- Types of leadership Theories of

8. Motivating: Meaning, importance of motivation- Relationship believing motivation and