R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 1 of 51
Bachelor of Vocation
B. Voc.
(Financial Markets & Services)
Detail Syllabus
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 2 of 51
First Year B.Voc
(Financial Markets & Services)
Semester I
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 3 of 51
UVFM-SI.1 Business Communication I
Unit-1:
The Seven Cs of Effective Communication: Completeness, Conciseness, Consideration, Concreteness,
Clarity, Courtesy, Correctness
Unit-2:
Communication: Its interpretation: Basics, Nonverbal Communication, Barriers to Communication
Unit-3:
Grammar:
Tenses
Subject-verb agreement
Preposition
Articles
Modals
Unit-4:
Speaking Skills:
Pronunciation (identification of sounds, vowels & consonants)
Syllable division (from the list attached)
Rhyming words
Vocabulary from the texts.
Books:
Professional Communication by Aruna Koneru, McGrawHill
Effective Business Communication by Herta A Murphy, Herbert W Hildebrandt, Jane P Thomas,
McGrawHill
References:
Business Communication, Lesikar and Petit, McGrawHill
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 4 of 51
Communication Skills Handbook, Summers, Wiley, India
Business Communication (Revised Edition), Rai and Rai, Himalaya Publishing House Business
Correspondence and Report Writing by R. C. Sharma and Krishna Mohan, TMH.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 5 of 51
UVFM-SI.2 Basic Computer Applications
Unit-1:
Personal Computer: Introduction, characteristics, Generations, Types, functions, components.
Computer Organization: CPU, Components of CPU, Memory (Primary and Secondary Memory).
Computer Software: System software, applications utility software, compiler, interpreter, Assembler.
Computer Hardware: Processor unit, input, devices, output Devices.
Unit-2:
Computer software categories , Introduction to operating system, Types of User Interfaces, Functions
of Operating Systems, Types of Operating Systems, Examples of Operating system ,
Unit-3:
Booting Process Windows, Introduction to Windows, features of Windows, various versions,
Components Of Windows, Desktop, icon, My computer, My documents, Network Neighborhood,
Recycle bin, start menu, taskbar, Windows Explorer, Control Panel Date & time, display, mouse, user
accounts, add & remove programs, Files and Folders - Creating Folder, Folder Operations (copying,
moving and deleting), Creating files & file operations, Creating Shortcuts, System Tools, Disk Defrag,
Internet and Outlook, What is Internet-- Most popular internet services, Functions of Internet like
email, WWW, FTP, Usenet, IRC, instant, messaging, Internet Telephony, How Internet works
Connecting to Internet, Managing emails, Using address book, working with task list, Scheduling
appointments, Reminders, Events, Journals, Notes
Unit-4:
Introduction to HTML and Web designing.
MS-office: Word Processing- Features of good word processor, working with MS-word, Word Basic
Commands, Formatting Text and documents working with graphics, Tables and Sorting, Mail Merge.
Tax Accounting: Value added Tax (VAT): VAT Register, Vat Reports- Service tax: Service Tax Register
Service Tax Reports using Tally.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 6 of 51
UVFM-SI.3 Financial Accounting I
Unit-1:
Accounting: Meaning, Objective and Importance of Accounting function, Basic Accounting Concepts
and Conventions, Double Entry System of Accounting, Branches of Accounting: Financial Accounting,
Cost Accounting and Management Accounting.
Accounting Process leading to Preparation of Journal, Ledger, Trial Balance. Preparation of Financial
Statements, their nature and limitations, their need to shareholders, creditors and other interested
parties.
Unit-2:
Subsidiary Books: Nature, meaning & need of maintaining subsidiary books with five problems
consisting entries to be recorded in all subsidiary books. (Purchase books, Sales books, Purchase
Return Books, Sales Return Books, Simple Cash books)
Unit-3:
Rectification of Errors and Bank Reconciliation Statement: Meaning, need, procedure of rectification of
errors, types of Rectification of errors. Errors before preparing trial balance, errors after preparing trial
balance and after preparing final Accounts and their rectification.
Meaning, importance & need, causes of Statement of difference between cash book balance and pass
book balance. Preparation of all types of BRS for Sole Trading.
Unit-4:
Final Accounts: Meaning & Significance of final Accounts, preparation of Trading Account, profit &
loss Account & Balance Sheet of sole trading concern with adjustments.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 7 of 51
UVFM-SI.4 Indian Financial System –An Overview
Unit-1:
Introduction: Nature and role of financial system; Financial system and economic development; Indian
Financial System –An Overview.
Unit-2:
Financial Markets: Introduction, classification, an overview in to Indian Financial markets
Unit-3:
Money and capital market; Money market – meaning , constituents, functions of money market;
Money market instruments – call loans, treasury bills, certificates of deposits, commercial bills, trade
bills etc, Recent trends in Indian money market; Role of RBI in Money Market, Money market and its
significance to Indian Economy. Call Money Market : Introduction, Meaning, Functions, Importance,
Call rates and their significance, Commercial Bill Market -- Introduction, Bill of Exchange, , Types of
commercial bills
Unit-4:
Capital market- primary and secondary markets; their role and recent developments; Government
securities market. SEBI: Objectives and Functions.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 8 of 51
UVFM-SI.5 Micro Economics
Unit-1:
Introduction: Scarcity, choice and efficiency (with reference to PPC), Basic tools of economic analysis:
equations, functions, identities, and slope, time series, cross section analysis, scatter diagrams,
derivatives and limits.
Unit-2:
Demand and Supply: Determination of equilibrium price in an open market system. Elasticity of
demand, Price, Income, Cross, Promotional elasticity of demand, its measurement and its application
in business decisions. Demand forecasting Survey and statistical methods.
Unit-3:
Production Function and Cost and Revenue Analysis: Production function, Laws explaining production
function in the short and the long run Internal and external economies. Cost concepts, Behaviour of
costs in the short-run and long-run. Revenue concepts, Break-even analysis.
Unit-4:
Market Structure and Pricing Practices: Features of perfect competitions and monopoly, Concepts of
price discrimination, equilibrium under dumping. Features of Monolistic competition, Oligopoly, Price
indeterminate, Cartel formation, Different forms of price leadership, Marginal cost pricing, Cost, plus
pricing, Transfer pricing.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 9 of 51
UVFM-SI.6 Environment Studies
Unit-1:
Environment and Ecosystem: Environment - Definition, nature, scope, components, typology. Ecology:
Definition and types; Importance of environmental studies and emerging issues of development with
special reference to India.
Unit-2:
Renewable and Non-Renewable Resources: Natural resources, definition, importance, classification,
distribution patterns, conservation of water, forest, energy resources; Energy crisis and its impact:
Management and mitigation. (Case stud y on Energy crisis)
Unit-3:
Population and the Environment: Population, distribution pattern; Environment and human health;
Population growth in India: Measures taken to control population growth; Carrying capacity and its
relevance; Human Development - Index patterns of HDI in India.(Case studies of Human Development
in various states in India)
Unit-4:
Food Resources and Environment: Food and environment; Sources, areas of production of food in the
world (Cereal, livestock, fish) and pattern of food trade; World food problem; Changes in productivity
due to overgrazing and use of chemical fertilisers-pesticides; and Food security and hunger. (Case
study on malnutrition in Maharashtra)
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 10 of 51
First Year B.Voc
(Financial Markets & Services)
Semester II
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 11 of 51
UVFM-SII.1 Business Communication
Unit-1:
Business Communication at Work Place: Letter Components and Layout, Planning a letter, Process of
Letter writing, E-mail Communication, Memo and Memo reports, Employment Communication, Notice
agenda and Minutes of meeting, Brochures
Unit-2:
Report Writing: Effective writing, types of business reports, structure of reports, gathering information,
organization of the material, writing abstracts and summaries, writing definitions, visual aids, user
instruction manual.
Unit-3:
Required Skills: Reading skills, listening skills, note-making, précis writing, audiovisual aids, oral
communication
Unit-4:
Mechanics of Writing: Transitions, spelling rules, hyphenation, transcribing numbers, Abbreviating
technical and non-technical terms, Proof reading.
Books:
Professional Communication by Aruna Koneru, McGrawHill
Effective Business Communication by Herta A Murphy, Herbert W Hildebrandt, Jane P Thomas,
McGrawHill
References:
Business Communication, Lesikar and Petit, McGrawHill
Communication Skills Handbook, Summers, Wiley, India
Business Communication (Revised Edition), Rai and Rai, Himalaya Publishing House Business
Correspondence and Report Writing by R. C. Sharma and Krishna Mohan, TMH.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 12 of 51
UVFM-SII.2 Basic computer Applications II
Unit-1:
Financial analysis using MS Excel: spread sheets; Use of spreadsheets, screen display, cell reference,
entering data, formatting cells in worksheets/ printing worksheets/ creation of work sheets for
different Units of financial analysis.
Unit-2:
MS-Access: Understanding database, creating Tables, Query and Report
Unit-3:
PowerPoint- Creating Presentations with PowerPoint, PowerPoint Basics, Various views, Sound effects
and Animation Effects. Graphics in Power Point.
Unit-4:
Accounting Packages: Computerized Accounting- Meaning and Features- Advantages and
disadvantages-Computerized vs. Manual Accounting. Entering Transactions: Vouchers-Types-
Numbering-Deleting and Editing Vouchers-Opening and Closing balances Stock Valuation.
Maintenance of accounting Books and final accounts, Financial Report generation using Tally,
Inventory record keeping using Tally. Practical knowledge on wings Accounting and Tally.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 13 of 51
UVFM-SII.3 Financial Accounting II
Unit-1:
Corporate reporting: Concept, Reporting Practices in India; A brief Introduction to Accounting
Standards in India.
Unit-2:
Depreciation accounting; preparation of final accounts (non‐corporate entities) along with major
adjustments
Unit-3:
Analysis and Interpretation of Financial Statements, Techniques of analysis: Comparative Statements,
Common Size Statements, Trend Analysis.
Unit-4:
Ratio Analysis and AS 20. Fund Flow and Cash Flow Analysis (with special reference to AS 3). Marginal
Costing: Concept and application of technique for decision making in business, Cost-Volume-Profit
Analysis.
References:
Financial Accounting - P. C. Tulsian
Financial Accounting - Prof. Kishor Nikam, Mr. Santosh Bhange.
Financial Accounting - Prof. Y. R. Thorat, Dr. N. M. Nare, Dr. D. B. Bharti, Prof. B. L. Jagtap.
Financial Accounting - M. G. Patkar
Advances Accounting – Dr. Shukla & Dr Gerewal
Modern Accountancy Volume – A Mukharjee M. Hanif
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 14 of 51
UVFM-SII.4 Project Work/Internship
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 15 of 51
UVFM-SII.5 Indian Banking – An Introduction to Indian Banking and Financial
Instruments and Institutions
Unit-1:
Reserve Bank of India: Organization, management and functions; Recent Monetary policy of RBI.
Unit-2:
Commercial Banks: Meaning, functions, Present structure; E-banking; Recent developments in
commercial banking.
Unit-3:
Development banks: Concept, objectives, and functions of development banks; Role of development
banks; IFCI, IDBI, NABARD, SIDCs, SIDBI; State financial corporations.
Non-banking financial institutions: Concept, role and functions of non-banking financial institutions;
Major Sources of finance.
Unit-4:
Financial Instruments and Interest Rate Structure: Shares, Debentures/Bonds including Floating Rate
Bonds, Zero Coupon Bonds, Deep discount bonds. Warrants, Derivatives: Futures, Options swaps.
ADRs, GDRs, IDRs, Determinants of interest rate structure; Differential interest rate; recent changes in
interest rate structure. Foreign Investments: Types, trends and implications; Regulatory framework for
foreign investments in India.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 16 of 51
UVFM-SII.6 Macro Economics
Unit-1:
National Income and Income Determination: Concept and measurement, Real Vs. Nominal GNP, Price
Indies and National Income deflator. Integrated approach (IS-LM curve model), Goods market
equilibrium (Derivation of IS curve), Money market equilibrium (derivation of LM curve) Simultaneous
equilibrium of the goods market and money market. Impact of changes of momentary policy and
fiscal policy on the rate of interest and level of income.
Unit-2:
Money and Banking: Money Supply: constituents and determinants, Credit creation by the banking
system. Central Banking: functions, monetary and liquidity aggregates, objectives of monetary policy
and conflict between objectives of monetary policy.
Unit-3:
Fiscal Operations: Public Revenue: Sources, Public expenditure: classification, Public debt:
Management. Deficit financing and inflation, Components of budgets and concepts of deficits,
Business cycles, fiscal policy and economic stabilization.
Unit-4:
Balance of Payments: Concepts and components of balance of trade and balance of payments,
disequilibrium in balance of payments, measures to correct the disequilibrium in balance of payments.
Relative merits and demerits and limitation of Devaluation.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 17 of 51
UVFM-SII.7 Basics of Investment
Unit-1:
Introduction to Investments: Investment Meaning and Definition. Need for productive Investment.
Investment Objectives. The multiple avenues for Investment. Importance of Investment Management.
Unit-2:
Return on Investments: Measures of return and risk. Relationship between risk and reward.
Determinants required rate of return. Need for diversification of risk.
Unit-3:
Investment valuation-Its Importance. Time value of Money. Techniques of Discounting and
compounding. Place of liquidity in investment decisions. Time value for more than one one cash flow.
Introduction to Net present value (NPV), internal rate of return (IRR). Relevance of NPV and IRR.
Unit-4:
Introduction to investment analysis. Financial statement analysis. Financial ratios-computation and
application. Macro economic indicators.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 18 of 51
Second Year B.Voc
(Financial Markets & Services)
Semester III
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 19 of 51
UVFM-SIII.1 Communication and Etiquettes
Unit-1:
Theory of Business Letter Writing: Parts, Structure, Layouts—Full Block, Modified Block, Semi – Block,
Principles of Effective Letter Writing, Principles of effective Email Writing
Unit-2:
Personnel Correspondence: Statement of Purpose, Job Application Letter and Resume, Letter of
Acceptance of Job Offer, Letter of Resignation [Letter of Appointment, Promotion and Termination,
Letter of Recommendation]
Unit-3:
Language and Writing Skills:
Commercial Terms used in Business Communication
Paragraph Writing Developing an idea, using appropriate linking devices, etc
Cohesion and Coherence, self-editing, etc [Interpretation of technical data, Composition on a
given situation, a short informal report etc.]
Unit-4:
Activities:
Listening Comprehension
Remedial Teaching
Speaking Skills: Presenting a News Item, Dialogue and Speeches
Paragraph Writing: Preparation of the first draft, Revision and Self – Editing, Rules of spelling.
Reading Comprehension: Analysis of texts from the fields of Commerce and Management
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 20 of 51
UVFM-SIII.2 Investments and Financial Markets I
Unit-1:
Basics of Investments: Time value of money applications, Personal financial statements, Cash flow and
debt management, Asset acquisition, Education planning, Overview of risk management, Various
Insurance policies & strategies:
Investment planning
Tax Planning
Retirement planning
Special circumstances
Unit-2:
Indian Financial system with Understanding of Different markets
Regulatory Institution: The Reserve Bank of India
Regulatory Institutions Companies Act 1956,
Security Contract Regulation Act , 1956, Call Money Market:
Unit-3:
Call Money Market: Introduction, Meaning and Importance, Functions of Call Money Markets, Call
Money rates as Indicators.
Unit-4:
Commercial Bill Markets and money market: Introduction, Bill of Exchange, Size of Bill Market in India,
Rate and Its Impact, Meaning, Importance and Functions, Use of Money Market in economy,
Instruments of Money Market- treasury bill, commercial paper, certificate of deposit, inter corporate
deposit.
SEBI ACT 1992: Introduction, Organisation and Management of its Role and Functions , Monetary
policy, Recent role of Global Crisis and Survival of India.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 21 of 51
UVFM-SIII.3 Internship/Project k
Internship/Project
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 22 of 51
UVFM-SIII.4 Statistical Applications
Unit-1:
Central tendency: Mean, Median and Mode. Arithmetic and Geometric mean. Dispersion, Standard
deviation, standard error.
Unit-2:
Testing of hypothesis: Population, sampling, primary and secondary data, concepts of hypothesis,
types of error, goodness of fit.
Unit-3:
Application of statistics in Finance: Rates of interest, effective, nominal and their interrelationships,
compounding and discounting of a sum using different types of rates. Types of annuities,
Depreciation of assets. Valuation of simple loans and debentures. Sinking funds. Concepts of PV, NPV
and IRR.
Unit-4:
Application of statistics: Network analysis, PERT, CPM, Modern portfolio theory, Markowitz theory,
Sharpe’s theory and Random walk hypothesis, Risk analysis.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 23 of 51
UVFM-SIII.5 Computerised Accounting
Unit-1:
Brief introduction to computerised accounting, Introduction to Tally, Starting Tally
Unit-2:
Company information, Accounting maintenance, Accounting vouchers, Cost allocation, Inventory
maintenance, Inventory vouchers, Implementation of VAT and CST in Tally
Unit-3:
Implementation of TDS in Tally, Implementating TCS in Tally, Service Tax in Tally
Unit-4:
Excise duty in Tally, Utilities, Working with multiple companies, Security control, Year-end processing,
Reports, Printing from Tally, Payroll accounting, Job costing and POS in Tally
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 24 of 51
UVFM-SIII.6 Business law
Unit-1:
Indian Contract Act: Offer and Acceptance, Consideration, Capacity of the parties, Free consent,
Legality of object and consideration, Contingent contracts; Indemnity and Guarantee; Bailment;
Agency.
Unit-2:
The Negotiable Instruments Act, 1881: Definition, types of negotiable instruments; Negotiation;
Holder and holder in due course; Payment in due course; Endorsement and crossing of cheque;
Presentation of negotiable instruments.
Unit-3:
Concept of Corporation & Legal Entity, Formation of a company; Memorandum and Articles of
Association, Doctrine of Ultra Vires, Doctrine of Indoor Management, Alteration of Memorandum and
Articles; Prospectus, Members of company, Shares & share capital, Transfer and Transmission of
shares.
Unit-4:
Borrowing powers of the company, Fixed and Floating charge. Management of companies, Directors
and other managerial personnel; Meeting of directors and shareholders; Investigations; Winding up
and dissolution; E-Business and cyber law, Competition Act.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 25 of 51
Second Year B.Voc
(Financial Markets & Services)
Semester IV
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 26 of 51
UVFM-SIV.1 Communication Skills
Unit-1:
Presentation Skills:
Presentations
o Principles of Effective Presentation
o How to make a Power-Point Presentation
Unit-2:
Group Communication:
Interviews
o Group Discussion
o Preparing for an Interview
o Types of Interviews – Selection, Appraisal, Grievance, Exit
Meetings
o Need and Importance of Meetings, Conduct of Meeting and Group Dynamics
o Role of the Chairperson, Role of the Participants
o Drafting of Notice, Agenda and Resolutions
Conference
o Meaning and Importance of Conference
o Organizing a Conference
o Modern Methods: Video and Tele – Conferencing
Public Relations
o Meaning
o Functions of PR Department
o External and Internal Measures of PR
Unit-3:
Business Correspondence:
Trade Letters
Order, Credit and Status Enquiry, Collection (just a brief introduction to be given)
Only following to be taught in detail:-
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 27 of 51
Letters of Inquiry
Letters of Complaints, Claims, Adjustments
Sales Letters, promotional leaflets and fliers
Consumer Grievance Letters
Letters under Right to Information (RTI) Act
Unit-4:
Language and Writing Skills:
Reports
o Parts, Types
o Feasibility Reports, Investigative Reports
Summarization
o Identification of main and supporting/sub points
o Presenting these in a cohesive manner
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 28 of 51
UVFM-SIV.2 SPSS
Unit-1:
Introduction to SPSS, familiarizing with the tools available in SPSS.
Unit-2:
Data entry, reading and writing files in SPSS file format, data and data types, getting data out of SPSS.
Unit-3:
Graphing Data: Fundamentals of graphing, Types of graphs,
Unit-4:
Analysis: Executing an analysis with examples
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 29 of 51
UVFM-SIV.3 Internship/Project
Internship/Project
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 30 of 51
UVFM-SIV.4 Investments and Financial Markets II
Unit-1:
Capital Market: Meaning, Importance and Function, Instruments of Capital Markets – Equity Shares,
Prefrence Shares, Bonds, Debentures.
Unit-2:
Indian Stock Markets: History, Meaning and function of Stock Exchange, BSE,NSE, and other
exchanges, Working of Stock Exchanges , Stock Exchange as a Barometer of Economy.
Unit-3:
Derivatives Markets: Meaning, History, types of Instrument in derivatives market – Froward, future
option, swaps, Hedging arbitrage and speculation, Indian
Unit-4:
Foreign Exchange Market in India: Meaning, Currency Derivatives, Forward contracts in Currency Vs
Currency Futures, Exchange Rate as an Economic Indicator
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 31 of 51
UVFM-SIV.5 Mutual Funds
Unit-1:
Concept of Mutual Funds: Basic types of mutual funds, Advantages of mutual funds, Difference
between mutual funds and bank deposits
Mutual Funds - Structure and Constituents: Constituents and structure of a mutual fund, Mutual funds
in the USA and elsewhere. Difference between a mutual fund and a commercial bank
Unit-2:
Various types of Mutual Fund products: Basic classification of mutual funds, such other products
similar to mutual funds.
Management of bond fund portfolio: Investment of bond funds, Basic characteristics of a bond, Bond
valuation, Risks in bond investment, Techniques to enhance bond fund performance, managing the
bond fund.
Unit-3:
Management of Equity Fund Portfolio: Equity portfolio, Types of risks and returns that different asset
classes offer, Equity share, The value of equity shares, Three types of equity shares, Equity research,
Valuation ü Passive and active portfolio management, Portfolio strategies.
Accounting and valuation of Mutual Funds: NAV and its importance, calculating net asset value,
valuing the assets of the mutual fund. The financial statements that are prepared by the mutual fund,
the accounting principles followed by the mutual funds.
Evaluation of Performance of Mutual Funds: Measuring fund performance, Measuring return,
Measuring risk, Risk-adjusted return, Comparing fund performance with a reference, various
standardized performance systems, Limitations of performance measurement and evaluation.
Prospectus and Annual Reports of Mutual Fund: Meaning and importance of mutual fund prospectus,
The contents of a mutual fund prospectus , The operational aspects an investor should be familiar
with What does the annual report contain?, Shareholder expense , Investment profile , Statement of
assets and liabilities, Statement of operations, Statement of changes in net assets , Financial highlights,
Notes to financial statements.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 32 of 51
Unit-4:
Regulations of Mutual Fund Industry: Contextual significance of mutual fund regulation, Legal
environment of mutual funds, Supervision and regulation, Principles of mutual fund regulation,
Standards, Rights of investors , Role of industry players in furthering regulatory objectives, Market
context, Transparency and disclosure, Limits on fees and expenses, Internal governance within mutual
fund complexes
Trends in Mutual Fund Industry: Size and segments of the mutual fund industry, Competition in the
industry, Factors that have contributed to the industry growth 26, Fees and expenses
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 33 of 51
UVFM-SIV.6 Corporate law
Unit-1:
Corporate Laws: Indian Companies Act 1956 : Meaning-Features -Salomon Vs. Salomon & Co. Ltd-
Kinds of Cos- Registration-Preliminary Contracts-Public Deposits-Prospectus-Misstatement – liabilities
for misstatement-Capital and its types- Shares and its types-Alteration to capital-Meetings- Types-
Essentials-Procedure-Ultra Virus-Constructive Notice-Indoor Management-Co. Management-
Directors-Qualification and disqualification-Appointment-Removal-Accounts and Financial
Statements-Lifting of Corporate Veil-Borrowing Powers-Charge and rules.
Unit-2:
Security Acts:
Security Contract Act 1956: Terms-Recognition of stock exchange-Listing Agreement-Delisting-
Security Appellate Tribunal-Cancellation of recognition- bye laws- types of contracts.
Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act
(SARFAESI) 2002: Objectives-Terms-process-registration-acquisition-assets reconstruction-takeover
management-offences and penalties-authorities.
Unit-3:
Security Exchange Board of India SEBI: Objectives-terms-establishment-powers-functions-accounts
and audit-penalties –registration.
Issues of Disclosure Investors Protection
Guidelines: Pre & Post obligations-conditions for issue-Debt Security-IPO-E-ipo-Employee option-
right-bonus-preferential allotment-intermediary-operational-promoter lock in period requirements-
offer document.
Unit-3:
Other related Acts: Foreign Exchange Management Act 1999: Terms-Currency-Capital and Current
Account-Authorized person-Repatriation.
Arbitration and Conciliation Act, 1940 and 1996: Elementary level
Indian Depository and Participant Act, 1996: Elementary level
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 34 of 51
References:
Companies Act : A. Ramaiya
Corporate Law : Taxman
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 35 of 51
Third Year B.Voc
(Financial Markets & Services)
Semester V
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 36 of 51
UVFM-SV.1 Personality Enrichment
Unit-1:
Introduction:
Definition of Personality
Determinants of Personality- biological, psychological and socio- cultural factors.
Misconceptions and clarifications
Need for personality development
Unit-2:
Self-Awareness and Self-Motivation:
Self-analysis through SWOT and Johari window
Elements of motivation
Seven rules of motivation
Techniques and strategies for self-motivation
Motivation checklist and Goal setting based on principle of SMART
Self-motivation and life
Importance of self-esteem and enhancement of self-esteem.
Unit-3:
Memory and study skills:
Definition and importance of memory
Causes of forgetting
How to forget (thought stopping), how to remember (techniques for improving memory)
The technique of passing exams-management of examination fear.
Unit-4:
Power of positive thinking:
Nurturing creativity, decision-making and problem solving.
Thinking power- seven steps for dealing with doubt
Traits of positive thinkers and high achievers
Goals and techniques for positive thinking
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 37 of 51
Enhancement of concentration through positive thinking
Practicing a positive life style.
Practical Training
The course would include the following practical exercises.
Ice- breaking. Brainstorming and simulation exercises. Thought stopping. Memory and study skills
training
References:
Mile, D.J (2004). Power of positive thinking. Delhi: Rohan Book Company.
Pravesh Kumar (2005). All about self- Motivation. New Delhi: Goodwill Publishing House.
Dudley, G.A. (2004). Double your learning power. Delhi: Konark Press. Thomas Publishing
Group Ltd.
Lorayne, H. (2004). How to develop a super power memory. Delhi: Konark Press. Thomas
Publishing Group Ltd.
Hurlock, E.B (2006). Personality Development, 28th
Reprint. New Delhi: Tata Mc Graw Hill.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 38 of 51
UVFM-SV.2 Financial Services – Insurance
Unit-1:
Introduction to insurance
Insurance - Definition and basic concepts‐Need for and Importance of insurance
Nature of insurance - Benefits of Insurance ‐ Origin and Development of Insurance
Principles of insurance ‐ Utmost good Faith ‐ Insurable interest‐ indemnity ‐ Contribution
‐ Subrogation‐Proximate cause‐Reinsurance‐Purpose and Types of Reinsurance ‐Double Insurance
Unit-2:
Risk management Concept of risk - Risk v/s uncertainty - Types of risks‐Pure and Speculative risks‐
Internal and External risks‐Fundamental and Particular risks‐Static and Dynamic risks‐Insurable and
Non insurable risks‐objectives and Importance of risk management‐ Risk management process—
Methods of handling risks‐‐Risk identification
Unit-3:
Life Insurance Classification of Insurance‐Life insurance‐Origin and Development of life insurance -
Features of life insurance contract - Advantages of life insurance - Types of Life insurance plans –
Whole life insurance‐Term insurance‐Endowment and Money Back policies‐Unit linked insurance plan‐
Children plans‐Group life insurance‐Annuities and Pensions‐Riders‐Calculation of premium‐
Surrender value and paid up value of policy.
Unit-4:
General Insurance General insurance‐Essentials of General insurance contract‐Role of General
insurance in Economic a development‐ Fire insurance‐Principles of fire insurance‐Types of fire
insurance policies‐‐Marine insurance‐Scope of marine insurance - Principles of Marine insurance‐
Marine insurance policies - Motor insurance‐Kinds of motor vehicle insurance policies‐‐ Health
insurance - Types of health insurance policies‐Social insurance –Crop insurance‐Burglary insurance‐
Engineering insurance.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 39 of 51
UVFM-SV.3 Marketing of Financial Products (Project Work/Internship)
Marketing of Financial Products (Project Work/Internship)
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 40 of 51
UVFM-SV.4 Marketing
Unit-1:
Introduction: Definition Marketing, Difference between sales and marketing,
Unit-2:
Types of marketing, Industrial Marketing, Services Marketing, Consumer Goods marketing, Marketing
mix (4 P’s of marketing mix)
Unit-3:
Introduction to Services Marketing and Services Marketing Mix with Reference: Definition and
classification, Characteristics of services, Categories of services, Services marketing mix TO financial
services.
7 P’s of services marketing mix, Importance of marketing mix elements, Strategies for effective
management of services marketing, Mix elements Services marketing mix strategies for Banking and
Insurance
Unit-4:
Customer in Services Marketing: Buying behaviours, buying roles, Importance of ‘Place’ with regards
to services
Managing Service Quality and Service quality model (Caps model), managing service gaps.
Advertising and Branding of Services (Managing Integrated Marketing Communication): Identifying
target audience, Determining communication objectives, Factors in setting marketing communication
mix.
Managing Product Support: Post sales services strategies, Major trends in customer service
Managing Direct and Online Marketing: Growth and benefits of direct marketing, Major channels of
direct marketing, marketing in 21st Century
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 41 of 51
UVFM-SV.5 Financial Markets I
Unit-1:
Equity Markets: Insights of Equity Markets/Stock Markets, Understanding Sensex, NIFTY and other
indices, Analysis of Corporate Actions, Risk Management, Risk Mitigation Techniques, Valuations
using Price Multiples Approach, Capturing Market Opportunities, Tax implications on Short-term
Earnings
Unit-2:
Introduction to Fundamental and Technical analysis, Understanding Online Platforms for Trading
Unit-3:
Derivatives: Building the concepts of Derivatives: Futures & Options Trading
Application of Derivatives: Arbitrage, Hedging, Speculation
Understanding concepts of Margins, Mark to Market & settlement for Effective Trading
Option payoff diagrams, Pricing and Analytics
Basic strategies in Bullish and Bearish Markets
Unit-4:
Commodity Markets: The range of commodities
Exchanges
Regulations and laws
Commodity pricing
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 42 of 51
UVFM-SV.6 Financial Services
Unit-1:
Financial Services in India—An Overview: Meaning, Classification, Scope, Fund Based Activities, Non-
Fund Based Activities, Modern Activities, Sources of Revenue, causes for financial innovation, New
Financial Products and services, Innovative Financial Instruments, Challenges Facing the Financial,
Sector Saving Mobilization
Merchant Banking and Hire Purchase: Definition, Origin, Merchant Banking in India, Merchant Banks
and Commercial Banks, services of Merchant Banks, Qualities required of Merchant Bankers in Market
Making Process, Progress of Merchant Banking in India, Problems, Scope of Merchant Banking in India
Features Legal Position, Hire Purchase and Credit Sale, Hire Purchase and Installment Sale, Hire
Purchased and Leasing, Origin and Development, Banks and Hire Purchase Business, Bank Credit for
Hire Purchase
Unit-2:
Leasing, Venture Capital and Mutual Fund: Definition, Steps in Leasing Transactions, Types of Lease,
Financial Lease, Operating Lease, Leverage Lease, Sales and Lease Bank, Cross Border Lease,
Installment Buying, Advantages and Disadvantages of Lease History and Development, Legal Aspects,
Accounting Treatment of Lease, Structure of Leasing industry, Problems, Prospects
Concept, Meaning, Features, Scope of Venture Capital Importance, Origin Initiative in India, Venture
Capital Guidelines, Method of Venture Financing, Indian Scenario Suggestion for the Growth of
Venture Capital.
Introduction, Meaning, Fund Unit Vs Share, Origin of the Fund, Types/Classification of Funds,
Importance of Mutual Funds, Risk, Organization of the Fund, Operation of the Fund, Facilities available
to investors, Net Asset Value, Investor Rights, mutual funds in India -- Reasons for Slow Growth,
Future of Mutual Funds
Unit-3:
Discounting Factoring and Forfeiting and Securitization of Debt: Introduction, Discounting, Factoring,
Meaning, Modus Operandi, Terms and Conditions, Functions and Types of Factoring. Factoring vs
Discounting Cost of Factoring, benefits Factoring in India.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 43 of 51
What is Securitization: Definition, securitization vs. factoring, Modus operandi, role of merchant
bankers, role of other parties, structure for securitization, securitisable assets, benefits of securitization,
conditions for successful securitization, securitization abroad, securitization in India, reasons for
unpopularity of securitization, future prospects of securitization.
Unit-4:
Derivatives: Meaning definition, kinds of financial derivatives, forwards, features of forwards
Financial forwards -
Futures -- features of futures, types of futures, commodity futures, financial futures, forwards vs
futures, advantages of forwards and futures.
Options -features of Option, share option, currency option, benefits, Swap -- features of swap, kinds of
swap, advantages, importance of derivatives, – inhibiting factors derivatives in India
Credit Rating: Definition and meaning, functions of credit rating, Origin credit rating in India, benefit
of credit rating, credit rating agencies in India. CRISIL, IICRA, CARE, Limitations of Rating -- Future of
credit rating in India,
Credit Cards: What is credit card? Who can be Member -- types of credit cards, new types of credit
cards, parties to credit card, procedure at the time of purchase, procedure for, reimbursement facilities
offered to Card Holders, benefits - demerits, credit card business in India future prospects.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 44 of 51
Third Year B.Voc
(Financial Markets & Services)
Semester VI
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 45 of 51
UVFM-SVI.1 Essentials of Spoken and Presentation Skills
Unit-1:
General Language Knowledge and Presentation - STAR strategy – MOM plan. Special Language
Knowledge and Presentation –tone, humour, poise – listener/speaker sensitivity and articulation.
Unit-2:
General Communication Skills for Presentation – content matching and language matching for specific
audience – etiquette, clarity – delivery – use and abuse of hitech aids.
Unit-3:
Professional Communication Skills for Presentation – technical presentations – too much or too little
use of technology – Turn taking – Effective not offensive or defensive handling of questions
Unit-4:
Social Communication Skills for Presentation – socializing – ice breakers; small talk – dialogue, debate,
discussion – selling, advertising and persuading – overcoming shyness, hesitation – understanding
cultural codes.
Practical:
• Unit 1: Case Studies
• Units 2, 3, 4 and 5: Role play and record work – combination of print, audio and video, where
possible.
Books:
Cathcart, Robert. S. and Larry A. Samovar. 1970. Small Group Communication: A Reader. 5th
Edition. Wm. C. Brown Publishers. Iowa
Tamblyn, Doni and Sharyn Weiss. 2000. The Big Book OF Humorous Training Games. 2004
Edition. Tata McGraw-Hill. New Delhi
Andrews, Sudhir. 1988. How to Succeed at Interviews. 21st Reprint. Tata McGraw-Hill. New Delhi
Monippally, Matthukutty. M. 2001. Business Communication Strategies. 11th
Reprint. Tata
McGraw-Hill. New Delhi
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 46 of 51
Lucas, Stephen.2001. Art of Public Speaking. Mc-Graw Hill.
Pillai, Radhakrishnan, 2006. Spoken English for you. Emerald Publishers, Chennai.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 47 of 51
UVFM-SVI.2 Taxation of Financial Services
Unit-1:
Income Tax Act/Rules:
Basic Concepts - Assessee. Person. Company, Income. Dividend. Business, Assessment Year, Previous
Year, Scope of Total Income & Residential Status
Exemptions Re :Business Status
Taxation of income under different Heads:
Provision for Deductions from Business income.
Special Provisions for Certain Incomes of
Unit-2:
Non- Residents.
Assessment & Appeal Procedures.
Provisions regarding TDS for: Re Internet, Dividend, Professional Services , Rent , Contractors
Payment, Salary
Unit-3:
Service Tax Act
Basic Concepts, Taxable Services, Service Tax Rules, Service Tax Credit Rules,
Provisions Regarding Specific Services, Banking & other Financial Services, Insurance
Unit-4:
Auxiliary, Business Auxiliary, Management Consultancy, Stock Broking, General Insurance, Credit
Rating Agency
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 48 of 51
UVFM-SVI.3 Project Work (Internship)
Project Work (Internship)
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 49 of 51
UVFM-SVI.4 Financial Markets II
Unit-1:
Forex Markets – I: Fundamentals of forex markets, key players and their roles
Trading mechanism, forecasting and speculation
Risks involved in forex markets and their evaluation
Role of hedging in managing forex risk and applying trigger signals
Cash & Spot Exchange
Unit-2:
Market Players, Inter bank ,Corporates
Mechanism of making a foreign payment
Forex and Interest Rate markets
Factors affecting Exchange Rates
Trading in Foreign Exchange Markets
Management of International Trade Transaction
Speculation
Concept of Volatility in Forex Markets
Unit-3:
Technical Analysis – I: Conceptual understanding of Technical Analysis
Components of Technical Analysis
In-depth Market Trend Analysis &
Interpretation of Chart Patterns
Application of Moving Averages, MACD, RSI, Indicators for prompt Buy/Sell Decision making
Unit-4:
Fundamental Analysis – I: Understanding basics of Fundamental Analysis, importance & various
approaches to Fundamental Analysis
Understanding the difference between Fundamental Analysis and Technical Analysis
Application of Fundamental Analysis in Stock Markets
Analyst’s Approach to Fundamental Analysis
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 50 of 51
UVFM-SVI.5 Global Capital Markets
Unit-1:
Impact of globalisation on capital markets. Growing International Integration. Role of media and
technology in capital mobility. Diversification benefits in global investments. Mergers and acquisitions.
Unit-2:
Global bond market. Domestic bonds, foreign bonds and Euro bonds. Participants in global bond
markets. Credit rating agencies and their role.
Unit-3:
Global equity markets, major stock markets of the world. Emerging trends, International Equity
trading, multiple listing. Depository receipts.
Unit-4:
Obstacles to International Investments. Information barriers. Foreign Exchange risks, currency risk,
political risk, market risk, taxation and other regulatory barriers.
R J College of Arts, Science & Commerce, Ghatkopar (W), Mumbai 400086, Maharashtra, INDIA
B. Voc. (Financial Markets & Services)
Page 51 of 51
UVFM-SVI.6 Security Analysis and Portfolio Management
Unit-1:
Introduction to security analysis: Understanding investments, Investment alternatives, security markets
and Price behavior
Unit-2:
Portfolio management: Risk and returns from investment. Portfolio selection and management,
performance evaluation.
Unit-3:
Fundamental analysis: Economic and Industry analysis. Company analysis, stock valuation.
Unit-4:
Technical analysis: Basic premise, stock price and volume theories, fundamental analysis/technical
analysis.
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