4 Year Bbs 4th Year Syllabus 502x56

MGT220: Entrepreneurship and Enterprise Development Full Marks: 100 Marks: 35 Lecture Hours: 150

Course Objective This course aims at familiarizing students with the significance of entrepreneurship and enterprise development, the role and functions of entrepreneurship and entrepreneurs, the concept of women entrepreneurship, the factors affecting entrepreneurship development, and the need for institutional in entrepreneurship development. Course Description This course contains introduction, women entrepreneurship, growth of entrepreneurship, entrepreneurship competency development, entrepreneurial venture creation, Legal Issues of Entrepreneurial Venture, Institutional to Entrepreneurship Development. Course Details Unit 1: Introduction LH 30 Concept and Significance of entrepreneurship; entrepreneurship importance, entrepreneurial process; entrepreneur, and entrepreneurial venture; Types of entrepreneurship; Traits of an entrepreneur; Distinction among entrepreneur, entrepreneur and owner-manager; Functions of an entrepreneur; Small business vs. entrepreneurship; Entrepreneurial motivation, the entrepreneurial process, entrepreneurship vs. entrapreneurship, managerial and entrapreneurial decision making, corporate vs. entrepreneurial culture, intrapreneurial leadership characteristics, the individual entrepreneur, entrepreneurial feelings, male vs. female entrepreneurship, entrepreneur vs. inventors.

Unit 2: Women entrepreneurship

LH 12

Concept of women entrepreneurship; Women empowerment through entrepreneurship; Women entrepreneurship in Nepal; Problems of women entrepreneurship; Future challenges of women entrepreneurs and their success factors. Unit 3: Growth of Entrepreneurship LH 15 The concept of socio-economic growth; Factors affecting entrepreneurial growth; Rural entrepreneurship – types, problems and factors affecting rural entrepreneurship; Tourism entrepreneurship – types, problems and factors affecting tourism entrepreneurship; Emerging concepts in entrepreneurship growth. Unit 4: Entrepreneurship Competency Development (ECD) LH 13 Concept of entrepreneurial competency; Need for Entrepreneurial competency development (ECD); Entrepreneurial competency development programs (ECDPs); Phases of ECDPs; Evaluation of ECDPs; Different institutions and agencies operating ECDPs in Nepal. Unit 5: Entrepreneurial Venture Creation LH 30 Idea generation; identifying and recognizing opportunities, personal characteristics of a entrepreneur, techniques for generating ideas, encouraging and protecting ideas; Preparing business plan – concept and scope, significance and elements; presenting the business plan, financial information needs, using the Internet as a resource pool, writing a business plan,: industry analysis, marketing research, understanding the marketing plan, characteristics of a marketing plan, steps in preparing marketing plan, Venture creation – venture project formulation, implementation and evaluation; choosing a format of business organization: sole proprietorship, partnership, corporation, limited liability company, developing enterprise in Nepal- legal and ethical considerations.

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Unit 6: Legal Issues of Entrepreneurial Venture LH 10 Legal requirements for venture creation – legal structures, venture registration, PAN and VAT registration, obtaining intellectual property rights, contract laws, labor laws and environmental laws. Unit 7: Financing of Entrepreneurial Venture LH 10 Need for financial planning; Sources of finance for entrepreneurial ventures – angel investors and venture capitalists; Types of financing – equity and debt; Sources of short-term loans for ventures. Unit 8: Institutional to Entrepreneurship Development LH 30 Institutional – concept and need; Financial agencies – Rural Development Banks, micro finance institutions, commercial banks; micro enterprise development projects and programs; Logistic agencies - government, specialized and consultancy agencies; Industrial estates , Role of Government in promoting entrepreneurship incentives, subsides and grants. Export oriented units-Fiscal and Tax concession, role of financial institutes in the entrepreneurship development in Nepal. Introduction to Entrepreneurship Development Projects in Nepal with reference to IED, MEDEP and ELAM. (MEDEP,ELAM).

Text and References Khanka, S.S., Entrepreneurial Development. New Delhi: S. Chand & Company Barringer, B.R. & Ireland, R.D. Entrepreneurship: Successfully Lunching New Venture. New Delhi: Pearson Hisrich, R.D., Manimala, M. J., Peters, M.P. and Shepherd, D.A. Entrepreneurship, New Delhi: McGraw-Hill Education (India) Pvt. Ltd. Aqrawal, G.R., Entrepreneurship Development in Nepal. Kathmandu: M.K. Publishers Shrestha, P., Entrepreneurship Development. Kathmandu: Samjhana Publication Pvt. Ltd. Joshi, S., Entrepreneurship Development (Nepali). Kathmandu: Taleju Prakashan,

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MGT 221: Business Research Methods Full Marks: 50

Lecture Hours: 75

Course Objectives The primary aim of this course is to introduce students to the principle of research methods used most frequently by business students. Basic knowledge of these methodological approaches is absolutely critical to the comprehension of academic understanding and comprehensive and critical writing which is an essence of business students. Therefore, the basic objective of this course is to provide knowledge and understanding of basic principles of business research methods. Course Description The course has a preliminary focus on problem identification, theoretical framework development and hypothesis formulation. The course will then deal with research design issues, measurement, sampling, data collection and analysis. This encomes the overall understanding and application of appropriate research techniques and research statistics, and report writing and presentation skills.

Course Details Unit 1: Introduction LH 20 Meaning of research; Scientific research – features,; Types of research: applied and basic; The scientific research process; Approaches to research; Paradigm shifts – positivist Vs interpretivist philosophies; Management research – concept, nature, and value in business decision making; Applying scientific thinking to management problems; Ethical concerns in research. Qualitative research: Concept, Features, assumptions, Common practices in qualitative research, Methods of qualitative research: Case study, Ethnography, Grounded theory and phenomenological study (A short introduction only), Building trustworthiness and credibility in qualitative research, Strength of qualitative research. Unit 2: Literature searching and Theoretical Framework LH 10 Concept, purposes, Kinds and writing a literature survey; Literature search through the Internet; Relation of literature to research. Theoretical framework; Theory and research; Research approaches – deduction and induction; Research problem; Identification of research problem in business. Research questions, hypothesis formulation and role of hypothesis in research. Unit 3: Research Design LH 5 Concept, Features Types – descriptive, developmental, case studies, causal-comparative, experimental, cross-sectional and longitudinal. Basic principles of research design and criteria of a good research design. Unit 4: Measurement, Scaling and Sampling LH 12 Variables and their types; Nature of measurement; Scale construction for attitude measurement; Scales commonly used in business research; Validity and reliability of measurement; Sources of measurement problems; Concept of population, sample and sampling, Factors affecting the size of the sample, The 50

sampling process; Types of samples – probability and non-probability sampling; Sampling and nonsampling errors.

Unit 5: Data Collection and Analysis LH 20 Types of data: primary and secondary, value of secondary data to business research, Primary data, Methods of collecting primary data : Questionnaires – design, components and principles of questionnaire writing, pilot testing and questionnaire istration; The research interviews – face-toface and telephone interviews, computer assisted interviewing; Observation – concept and methods – participative and non-participative; Data analysis – organizing and preparing data; Presenting data in tables, graphs and charts; Pre-conditions and the use of statistical techniques:– descriptive: (Mean, Median, Mode and standard deviation) and inferential statistics (Measures of correlation, statistical significance, basic forecasting tools, regression, one way ANOVA and chi-square test); Statistical testing of hypothesis; Methods of collecting and analyzing qualitative data. Role of computers in different phases of research. Qualitative data analysis- content , thematic and narrative. Unit 6: Research Proposal and Report Writing LH 8 Topic selection; Research proposal – purpose, types and structure; Writing research reports – the reporting process, Contents of the research report, and style of writing; Typing and layout of the research report; Citations and references by using APA format; Essentials of a good research report. Basic Books Prem P.R., Fundamentals of Business Research Methods, Kathmandu.: Buddha Academic Enterprises. Adhikari, D. R. & Pandey, D. L. Research Methodology for Management, Kathmandu: Asmita Books Publishers & Distributors (p) Ltd. Reference Books William G. Z., Business Research Methods, New Delhi: Thomson India. Alan Bryman & Emma Bell. Business Research Methods, New Delhi: Oxford University Press. Cooper, D. R., Schindler, P. S. & Sharma, J. K. Business Research Methods, New Delhi: McGraw Hill Education (India).

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ACC 250: ing for Banking

Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objectives The objectives of the course are to provide the students with the basic knowledge required to handle the ing functions of banks. On completion of this course the students will be able to gain the knowledge of total banking ing practices of the banks. The course further aims at providing knowledge required to analyze financial statements of banks. Course Description This course contains introduction, ing for deposit, ing for bills for collection, ing for guarantee and margin deposit, letter of credit (LC), ing for remittance, ing for credit and advances, ing for cash transactions, ing for treasury management, banking technology products, concept of BASEL framework, anti money laundering (AML, ing for decision making, ing for control , preparation of financial statements, financial statements analysis. Course Details Unit 1: Introduction LH 8 Concept of bank ; Rules and classifications of s ; ing assumptions, principles and conventions ; Evolution of banking industry, Development of banking industry in Nepal; Meaning, nature, objectives, importance and functions of banks; Types of Banks: Central Bank, Commercial Banks, Development Banks, Financial Institutions, Micro Finance Institutions and Co-operative Banks ; Opportunities and Challenges of Nepalese Banking Sector; Legal provisions under Banking and Financial Institutions Act (BAFIA), 2063; Unified directives issued by Nepal Rastra Bank.

Unit 2: ing for Deposit LH 8 Opening, operations and closure of bank ; Concept and types of deposit: current, saving, time or fixed , hybrid or flexi deposit, calls deposit , margin , foreign currency , special foreign currency ; Process of opening s; Inter bank borrowing from other banks and short term borrowing from NRB; Substitutes for vouchers – pay in slip and its meaning; Cheques: meaning and types of cheques; Electronic cheque clearing (ECC); Service charges- concepts and ing procedures.

Unit 3: ing for Bills for Collection LH 8 Bills for collection: concept, types and necessity for banking business; Outward bills for collection (OBC): concept and types; Service charges and ing records for OBC; Endorsement: meaning and ing procedures; Procedures used in bills for collection; Inward bills for collection (IBC): concept and importance; Document required for IBC; Service charges and ing records for inward bills for collection; Debit note and required reversal entry; Outgoing debit advice for uncollected or dishonored bills.

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Unit 4: ing for Guarantee and Margin Deposit LH 7 Concept, and types of guarantee deposit; Concept, needs and types of guarantee: Bid bond, Performance bond, Advance payment guarantee, Counter guarantee, Financial guarantee, Standby letter of credit, Bonded warehouse guarantee; Banker’s liabilities and customer’s liabilities toward guarantee issuance ; ing treatment of guarantee issue (voucher and ledger); Margin deposit: concept, process and evaluation ; Service charges and ing treatment.

Unit 5: Letter of Credit (LC) LH 8 Letter of credit: concept, needs and types of LC; Parties involved in LC; Documents in LC; Trade finance; International Chambers of Commerce and Universal Custom and Practices (U) for documenting credit; NRB regulations for LC; ing treatment.

Unit 6: ing for Remittance LH 8 Remittance: concept and importance; Services rendered by remittance ; Types of remittance; Parties involved in remittance ; Demand draft, ing for advice received and un-received demand draft; payee draft; Books of original entry for advice received and un-received; Telegraphic transfer and mail transfer; Branch reconciliation.

Unit 7: ing for Credit and Advances LH 10 Credit creation; Concepts and importance of credit; Types of credit: Cash credit, Overdraft, Secured loan, Micro credit, and other loans: auto, home, credit card, education and social; Security: types and procedures/valuation of securities; Evaluation of feasibility study; Industry risk analysis and Business risk analysis (using six C’s of credit); ing treatment of different types of credit; Loan processing charges, interest and commission and their ing treatment; Collection and recovery of loans method applied and ing treatment; Credit risk management; Credit creation. Unit 8: ing for Cash Transactions LH 7 Receiving cashier’s counter cash book ; Paying cashier’s counter cash book; General cash books, day books and denomination books. Unit 9: ing for Treasury Management LH 8 Concept of treasury management; Dimensions of treasury management; Market risk management; Liquidity management; Investment portfolio management; Foreign exchange risk management; Assets liability management ; Maintenance of agency ledger (NOSTRO and VOSTRO). Unit 10: Banking Technology Products LH 9 Banking software; Card operation ; Tele banking; Mobile banking; Internet banking and e banking; SWIFT (society for worldwide interbank financial telecommunication); Branch less banking. Unit 11: Concept of BASEL Framework: Concept and importance; Principles of capital measurement and capital standard

LH 7

Unit 12: Anti Money Laundering (AML) Concept, importance and AML Act; Know your customers (KYC)

LH 5

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Unit 13: ing for Decision Making LH 11 Capital Budgeting: Project evaluation on the basis of Pay-back period, Net Present Value, Profitability Index and Internal Rate of Return; Cost Volume Profit Analysis for project evaluation. Unit 14: ing for Control LH 8 General ledger: concept, needs and procedures of maintaining general ledgers; Comparison with commercial ing; Daily trail balance: concept, needs and preparation and tools for control of general ledgers; Transaction list verification and operational procedures. Unit 15: Preparation of Financial Statements LH 13 Concept and importance; Statement of profit and loss and other comprehensive income (Income statement); Statement of financial position/balance sheet; Statement of cash flow statement; Statement of changes in equity. Unit 16: Financial Statements Analysis LH 18 Concepts and importance; Ratio Analysis: concept, importance and limitations Types of ratios Profitability ratios: Net interest income growth (NII growth), Interest yield, Net Spread, Operating profit growth. Shareholder ratios: Return on equity, Return on assets, Earning per share, Price earnings ratio, Market price per share, Dividend payout ratios. Liquidity ratios: Net liquid assets, Net liquidity ratios, Statutory liquidity ratio (SLR), Cash reserve ratio (CRR), Gap analysis. Activity ratios: Cost of fund, Base rate, Cost to income ratio, Credit deposit ratio, Net interest margin, Non-funded income as a percentage of total operating income, Operating expenses ratio (interest to total operating expense, office operating expense to total operating expenses and HR expenses to total operating expenses) Staff efficiency (per employee income, per employee business i.e. deposit plus loan) Gearing and Financial ratios: Total borrowing to shareholder fund, Total external liabilities to total assets, Total assets growth, Net worth growth Cash Flow ratios: Interest coverage ratio, Debt coverage ratio Assets Quality ratios: Non-performing loans to total loans, Loan loss reserves to gross loan, Earning coverage to loan losses, Increase in loan loss reserve to gross income Earnings ratios: Net interest margin, Non-funded income expenses as a percentage of total operating expenses Capital Adequacy ratios: Capital fund as a percentage of risk weighted assets

Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

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References Indian Institute of Banking and Finance, ing and Finance for Bankers, Macmillan India Ltd. Chennai India Jain, S. P. & Narang, K. L., Advanced ing, Corporate ing, Vol. 11, New Delhi: Kalyani Publishers. Battliboi, J. R. Advanced ing, Mumbai: Standard ancy Publication Pvt. Ltd. Nepal Rastra Bank Act, 2058 ing Manual of banks Bank and Financial Institutions Act, 2063 Negotiable Instrument Act, 2034 Unified Directives issued by NRB Circulars issued by NRB (Banks and Financial Institution Regulation department and Foreign Exchange Management Department) International Chamber of Commerce and the UDC 600

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ACC 251: ing for Business Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objectives The objectives of the course are to provide the students with in-depth knowledge of ing required to handle ing works in the various business situations like partnership, consignment, branch etc. independently. The course further aims at providing knowledge required by the students for advance studies in ing subject. Course Description This course contains ing for partnership, ission of new partner, retirement and death of a partner, dissolution of a partnership firm and piecemeal distribution, ing for, consignments, ing for t ventures, ing for branch, ing for department of activity, ing for packages or containers, ing professional men, ing for royalties, ing for hire purchase system, ing for installment system. Course Details Unit 1: ing for Partnership LH 10 Concept of partnership; Partnership agreement and status of partners in the absence of partnership deed; ing for partnership firm-partner’s capital a/c, fixed and fluctuating capital; ing treatment of partner’s salary, interest and drawing; Partner’s loan ; Preparation of profit and loss appropriation in the book of the firm. Unit 2: ission of New Partner LH 11 Concept; Impact of ission in the profit sharing ratio of the firm; Impact of ission in the revaluation of assets and liabilities; Impact of ission in the value of goodwill of the firm; Rearrangement of reserve and surplus and accumulated losses of the firm; Re-adjustment of partners capital giving due influence of new ission; Distribution of old profit to old partners; ission of a partner during an ing year. Unit 3: Retirement and Death of a Partner LH 14 Calculation of new profit sharing ratio; Revaluation of assets and liabilities; Adjustment regarding undistributed profits and losses; Adjustment regarding goodwill and capital after retirement; Ascertainment of the due amount to the outgoing partners; Mode of payment to the outgoing partners; Death of a partner; ing for t life policy; ing for insurance . Unit 4: Dissolution of a Partnership Firm and Piecemeal Distribution LH 10 Concept; Closing the books of and final settlement; ing for dissolution-Settlement of partner’s capital s when the firm and all the partners are solvent, Settlement of when a partner is insolvent with or without using the rule of Garner Vs Murry; Gradual realization and piecemeal distribution-Surplus capital method, Maximum loss method. Unit 5: ing for Consignments LH 10 Concept; Difference between consignment and sales; Important -Consignment goods sent at invoice price, Consignment expenses, Commission ,Valuation of unsold stock, Loss of goods on consignmentNormal loss, Abnormal loss; Interest on consignment; Consignment goods taken over by consignee.

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Unit 6: ing for t Ventures LH 10 Meaning, characteristics and features of t venture; Difference between t venture and consignment; Difference between t venture and partnership; Methods of ing-Without keeping separate set of books, With keeping separate set of books. Unit 7: ing for Branch LH 11 Concept and types of branch; ing records-Dependent branch, Independent branch; ing entries for incorporation of branch transactions in the books of head office and consolidated balance sheets ; ing treatment of some important adjustments-Normal loss, Abnormal loss, Cash in transit, Goods in transit, Inter branch transactions. Unit 8: ing for Department of Activity LH 9 Concept, objectives and types of department; Department trading and profit and loss ; Allocation of expenses, Difference between branch and department, Inter – department transfer. Unit 9: ing for Packages or Containers LH 9 Concept and objectives of container; Importance of container; Calculation of missing of container; ing for types of container-Returnable: with maintaining trading and reserve , with maintaining trading, reserve and stock ; Non Returnable. Unit 10: ing Professional Men LH 14 Concept and techniques in general, ing treatment-- receipt and payment , adjustments, income and expenditure , profit and loss , household cash statement. Unit 11: ing for Royalties LH 12 Concept and modern ; ing treatment with and without maintaining minimum rent . Unit 12: ing for Hire Purchase System LH 10 Concept and objectives of hire purchase system; Calculation of interest, cash price and installment (using analytical table); ing treatment: In the book of purchaser- Journal entries, Necessary ledger s. In the book of vendor-Journal entries, Necessary ledger s. Unit 13: ing for Installment System LH 10 Concept and features of installment system; Difference between hire purchase and installment system; Calculation of interest, cash price and installment (using analytical table); ing treatment: In the book of purchaser-Journal entries, Necessary ledger s. In the book of vendor, Journal entries, Necessary ledger s. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Battliboi, J. R., Advanced ing, Mumbai: Standard ancy Publication Pvt. Ltd. Jain, S. P. & Narang, K. L., Advanced ing, Corporate ing, Vol. 11, New Delhi : Kalyani Publishers, Shukla, S.M., Grewal, T.S. & Gupta, S.P., Advanced ing, New Delhi : S. Chand and Co. Reference Books Dangol, R. M., Prajapati, K. P., Tamrakar, M. R. and Upadhyay, T. P., ing for Business, Kathmandu : Taleju Prakashan. Koirala, Y. R. & Dahal, S., ing for Business, Kathmandu: Ashmita Books and Distributors.

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ACC 252: Advanced Financial ing Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objectives The objectives of the course are to provide the students with a detailed knowledge of ing principles, concepts, techniques and their application to develop ability and skills in practical work situation. On completion of this course the students will be able to gain the knowledge of government ing, national ing standards and international ing standards. The course further attempts to provide sound knowledge of new trends of ing. It helps them to understand the concept of business combinations and to prepare the consolidated financial statement.

Course Description This course contains introduction to advanced financial ing, preparation of company s, valuation of goodwill and shares, new trend in ing, ing for contract, ing for non-profit organizations, government ing in Nepal. Course Details Unit 1: Introduction LH 10 Meaning, objectives, importance and functions of financial ing; ing Principles, Concepts and Conventions ; GAAP, ing Standards, Nepalese ing Standards (NAS), International ing Standards (IAS), Relative aspects of NAS and IAS.

Unit 2: Preparation of Company s LH 36 Company expansion through Amalgamation and Absorption: meaning and concept, Purchase consideration – concept and determination, ing treatment in the books of both Purchasing and Vendor Company, Preparation of Balance Sheet by Purchasing Company, Internal and external reconstruction: Meaning, importance, need and ing treatment and balance sheet after reconstruction; Expansion through Subsidiary companies (Holding Company). Concept of Holding and Subsidiary Company, preparation of Consolidated Balance Sheet by holding company after due consideration of: Pre-acquisition and post-acquisition profit, Minority Interest, Cost of Control/Goodwill or Capital Reserve, Revaluation of assets, Dividend from Subsidiary Company, Inter Company debt and unrealized profit; Preparation of s from incomplete records (single entry system). Unit 3: Valuation of Goodwill and Shares LH 14 Goodwill: concept and need for valuation, Factors affecting the value of goodwill and ing treatment, Methods of evaluating goodwill: average profit method, super profit method, capitalization method, annuity method; Valuation of shares: concept and need, Factors affecting value of shares, Methods of valuation of shares: net assets method, yield method, earning capacity method.

Unit 4: New Trend in ing LH 28 Human Resource ing: concept, objectives and benefits of HRA, Valuation of Human Resources – Historical Cost Approach, Replacement Cost Approach, Opportunity Cost, Standard Cost Approach, Present Value Approach; Social ing: concept and approaches, Social responsibilities of business, 58

Measurement of social cost benefit, Social s and Balance Sheet; Environment ing: concept, needs, scope, forms and elements of environment ing; Forensic ing: concept, functions, needs of forensic ing, Detection techniques used in forensic ing, Critical aspects to be followed while conducting forensic ing . Unit 5: ing for Contract LH 12 Meaning and concept of contract; Calculation of profit for complete and incomplete contract; ing treatments: Contract , Contractee’s , Work in progress , Balance sheet. Unit 6: ing for Non-Profit Organizations LH 12 Concept, features and characteristics of non-profit organization; ing procedures of non-profit organization: Receipt and Payment , Income and Expenditure , Balance Sheet. Unit 7: Government ing in Nepal LH 28 Concepts, objectives and features of government ing; Historical development of government ing; Present ing system (including single treasury ing system): concept, objectives and importance of ing system; Comparison with commercial ing; Preparation of report of income and expenditure; Role of Comptroller and Auditor General in Nepal.

Project Work

LH 10

After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Reference Books Battliboi, J. R., Advanced ing, Mumbai : Standard ancy Publication Pvt. Ltd. Jain, S. P. and Narang, K. L., Advanced ing, Corporate ing, Vol. 11, New Delhi : Kalyani Publishers Shukla, S.M., Grewal, T.S. & Gupta, S.P., Advanced ing, New Delhi : S. Chand and Co. Agarwal, A. N., The Higher Science of ancy, Kitabmahal, Allhabad Lal, J., ing Theory and Practice. New Delhi: Himalaya Publishing House Lal, J., Cost ing, New Delhi : Tata Mc Graw Hill. Directive of Single Treasury ing System. ing Standards Board. Nepal ing Standards. Kathmandu: ASB. NFRS. Nepal ing Standards. Kathmandu: ASB.

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ACC 253: Advance Auditing Full Marks: 100 Marks: 35

Lecture hours: 150

Course Objectives The objective of the course is to provide conceptual and working clarity and understanding of the relevant audit procedures and techniques and increase candidate's capability to assess internal control systems to identify audit risks of auditing, various types of audit so that they can plan and perform effective and efficient audit. Course Description This course contains conceptual foundation, planning an audit, internal check and control, vouching, audit of impersonal ledgers, verification and valuation of asset and liabilities, depreciation, reserve and provision, appointment, remuneration and right and duties of an auditor, audit of a limited company, audit of divisible profits and dividends, audit report, liabilities of an auditor, audit programmes and procedures of different classes of audits, investigation, government audit in Nepal, recent trends in auditing. Course Details Unit 1: Conceptual Foundation LH 9 Nature and scope, Evolution of auditing practices in Nepal, Objectives of audit ; Detection and prevention of frauds and errors with practical dealings; Advantages and Limitation of audit; ing, auditing and investigation; of audit engagement. Unit 2: Planning an Audit LH 10 Knowledge and understanding of the organization; Audit programme: Contents of audit programme, techniques and preparation of audit programme; Tolerable error, audit risks, sampling and determinants of sample size; Audit note books: Objectives, procedures and techniques and contents of audit note books; Organization of audit staff, job description, responsibility assigned and liabilities defined, conduct of an audit work, continuous audit, periodical audit, interim audit, partial audit; Types of audit: Tax audit, cash audit, cost audit, management audit, data processing audit, scope of work to be determined, instruction to the client, preparation by the auditor, division of work, audit files, audit working papers. Unit 3: Internal check and control LH 8 Concept, objective, essential characteristics, advantages and disadvantages, internal check and internal audit, effects of internal control and internal audit, auditor's duties as regard to internal check and internal control, use/adoption of distinctive ticks, routine checking, difference in balancing books, concept of test checks, advantage and limitation; Difference between statutory audit and internal audit Unit 4: Vouching LH 14 Concept, importance, objectives of vouching, vouching of cash transactions, vouching of payments, vouching of receipts, vouching of sales, credit and cash sales, internal checks as regard to cash sales, cash discount allowed and return, credit sales, review of internal check system as regard to credit sales, sales on approval basis, sales under hire purchases system, goods on consignment, goods sent on package and containers, return, vouching of purchase, cash purchase, internal check as regard to cash purchase, discount received and return, credit purchase, internal check as regard to credit purchase, discount received and return.

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Unit 5: Audit of Impersonal Ledgers LH 8 Capital expenditure, revenue expenditure and deferred expenditure; Outstanding expenses and income, repairs and renewals; Prepaid expenses, contingent liabilities and asset. Unit 6: Verification and valuation of asset and liabilities LH 13 Concept, importance, distinction between verification and vouching, verification and valuation of assets, methods of valuation, vouching and valuation, valuation of fixed assets, current assets and wasting assets, auditor's position as regards to verification and valuation of assets, verification of liabilities, capital loans and long-term loans, trade creditors, outstanding liabilities for expenses, bills payable, contingent liabilities, confirmation and verification, concept of fair value measurement. Unit 7: Depreciation, reserve and provision LH 5 Depreciation: Concept and causes for depreciation, methods of depreciation, difference between fluctuation and depreciation, difference between obsolescence and depreciation, Auditor's duty in connection with depreciation. Reserve and Provision: Concept of reserve and provision, need for reserve and provision, types of reserve and provision, Auditor's duty in connection with different provisions and reserves. Unit 8: Appointment, remuneration and right and duties of an auditor LH 5 (According to Nepal Company Act and other legislations governing audit) Qualification of an auditor of a company, appointment and remuneration of an auditor, qualities of an auditor, rights and duties of an auditor, removal of an auditor. Unit 9: Audit of a limited company LH 13 Nature of company audit, preliminaries before company audit, statutory audit, audit of preliminary expenses, audit of statutory general meetings, review of memorandum of association and articles of association, audit of shares capital, issue of shares at par, and discount, issue of share for other than cash, bonus share, calls in arrear and calls in advance, forfeiture and re-issue of forfeited shares, transfer and conversion of shares, alternation of share capital; Audit of underwriting commission, transfer fees, brokerage and commission; Audit of debentures: Debentures issued at par, discount and , redemption of debentures, regular redemption and redemption at par, and discount, redemption through purchase in open market, conversion of debentures into shares. Unit 10: Audit of divisible profits and dividends LH 9 Concept of profit and divisible profit, consequences of incorrect valuation of profit; Factors affecting dividend-capital profit and revenue profit, dividend by appreciating assets including intangible assets, loss on fixed assets and dividend pre-opening profit and dividend; Dividend on preference shares: cumulative and non-cumulative preference shares, unclaimed dividend. Unit 11: Audit report LH 5 Meaning of audit report, content of audit report; Types of audit report: statutory report, general report, qualified report, tax audit report; Evaluation of audit evidence, adequacy and appropriate of audit evidence. Unit 12: Liabilities of an auditor LH 10 Legal provision regarding liability of an auditor, auditor appointed by a private business concern, liability of a limited company auditor, civil liability, liability for negligence and misfeasance, criminal liability

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t audit: Meaning, liability of t auditor and branch auditor, liability of an honorary auditor, auditor's liability to third party. Unit 13: Audit programmes and Procedures of different classes of Audits LH 8 Audit of educational institutions, co-operative societies, charitable institutions, NGO's and local government bodies; Audit of partnership firm: concept of partnership firm audit, procedures to be followed by a newly appointed auditor, audit on behalf of different types of partners, performance audit. Unit 14: Investigation LH 8 Concept of investigation, difference between investigation and audit, causes for investigation and methods of investigation, identification of objectives of investigation, formulation of programme, collection and examination of records and evidence; Types of investigation, investigation on behalf of incoming partners, prospective shareholders, prospective moneylenders and suspected frauds, duties and liabilities of an investigator. Unit 15: Government Audit in Nepal LH 7 Concept, objectives, natures and evolution, difference between government audit and commercial audit; Internal audit: Concept, objectives and advantages; Misappropriation and procedure for regularization, roles of Comptroller General, final audit, audit of expenditure, debts, deposit, remittance and stores, audit report; Roles of auditor General in government audit, and Public Committee; Directives of Office of Auditor General; Government auditing standard. Unit 16: Recent trends in auditing LH 8 Establishment of ICAN, ing Standards Board, Auditing Standard Board, The Institute of Chartered ants Act; Roles of ICAN and AuSB in developing and promulgating auditing standards, Certificate of practice, code of ethics; Auditing Standards, concept, objective, importance and requirement of each auditing standards (mandatory, voluntary and exposure drafts). Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Ramaswamy, M.S., Auditing, New Delhi: S. Chand and Co. Saxena, R.G., Principles of Auditing, Bombay: Himalayan Publishing House. References Dhakal, K.D., Bhattarai, I & Koirala, G.P., The Principles and Practice of Auditing, Kathmandu: Asmita Books Publishers and Distributors Pvt, Ltd. Tandon, B.N., Practical Auditing, New Delhi: S.Chand and Co. Pandey, D.L., Auditing, Kathamandu: Asia Books Distributors Pvt. Ltd. Government of Nepal, Auditing Act, 2048 with amendments. Government of Nepal, Company Act, 2063 with amendments. Auditing Standards Board of Nepal, Nepal Standard on Auditing. Website: ICAB, AuSB Government of Nepal; Income Tax Act, Co-operative Act, Education Act, Self Governance Act (with amendments).

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ACC 254: Budgeting and Controlling of Profit Full Marks: 100 Marks: 35

Lecture hours: 150

Course Objectives The objectives of this course are to give students a deeper understanding in the area of budgeting and controlling in a competitive business environment. It also aims to acquaint students with advanced knowledge in the field of ing in order to formulate business strategies. Course Description This course contains conceptual foundation, sales planning and control, production planning and control, planning of factor of production, planning and controlling cash, completion of profit plan, zero-based budgeting, planning and controlling capital expenditures, application of cost volume profit analysis in profit planning, performance reports for management control. Course Details Unit 1: Conceptual Foundation LH 14 Introduction and purpose of profit planning and control; Overview of PPC; Fundamental concept of Comprehensive profit planning and control; Management planning and control using PPC; Time dimensions in PPC; Organizational adaptation to PPC; PPC processes; Line and staff responsibilities related to PPC; Behavioral implications of a PPC program; Application of PPC in manufacturing and non-manufacturing organizations. Unit 2: Sales Planning and control LH 10 Concept and objectives of sales planning; Sales planning compared with forecasting; Strategic and Tactical sales plans; Component of comprehensive sales planning; Developing a comprehensive sales plan; Consideration of alternatives in developing a realistic sales plan; Steps and methods of sales planning Unit 3: Production Planning and Control LH 10 Concept and objectives of production planning; General considerations in planning production and inventory levels; Time dimensions of production planning; Developing production planning; Developing inventory policies; Setting production policies; Just in time (JIT) production; The production budget as a planning, coordinating and control tool Unit 4: Planning of Factor of Production LH 28 Material Consumption, purchases and material cost budgets; Material inventory and JIT purchase; Merchandize purchase budget of a non manufacturing organization; Open to buy concept and its validity; Planning of direct labour hours, direct labour costs, direct labour budget and control; Overhead cost planning and control; Controllable and non-controllable overhead cost; Cost control and reduction; Manufacturing, istrative and selling & distribution overhead cost planning; Apportionment and reapportionment of planned overhead costs to operating divisions

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Unit 5: Planning and Controlling Cash LH 14 Concept and objectives of planning and control of cash; Time horizons in cash planning and control; Estimation of cash receipts and payments; Borrowing and other financial need; Use of financial ing approach in computing cash collection and cash disbursements. Unit 6: Completion of Profit Plan LH 18 Concept and objectives of completion of profit plan; Completion of the annual profit plan; Alternatives available in developing profit plan; Implementation of the profit plan; Application of profit plan in controlling operation. Unit 7: Zero-Based Budgeting Concept, objectives, advantages, limitations and procedures of zero-based budgeting

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Unit 8: Planning and Controlling Capital Expenditures LH 15 Concept, objectives and characteristics of capital expenditure budget; Project orientation in the capital expenditure budget; Time dimensions in the capital expenditure budget; Benefits of capital expenditures budget; Responsibilities for developing the capital expenditures budget; Methods of measuring the economic value of a capital expenditures Unit 9: Application of Cost Volume Profit Analysis in Profit Planning LH 14 Concept and objectives of cost volume profit analysis; Basic assumption underlying cost-volume-profit analysis; The principle of cost variability as applied to cost-volume-profit analysis; Identification of fixed and variable cost components; Break even and contribution analysis; Application of break even analysis; Cost validity; Sales mix and sales price planning Unit 10: Performance Reports for Management Control LH 11 Classification of reports; Performance report as a communication tool; Essential features of a performance report; The basic format of performance report; Adapt performance reports to requirement of s; Design and preparation of performance report; Time gap between the decision and report; Technical aspect of control reports. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Welsh, G. A., Ronald, W. H. & Gordan, P. N. Budgeting: Profit planning and control, New Delhi: Prentie Hall of India. Jones, R. L. & Trentin, G. H. Budgeting: Key to planning and control, Mumbai Jakhotiya, G. P., Budgeting and Budgetary Control, New Delhi: Tata McGraw Hill Publishing Company Limited Reference Books Shah, B. & Goet, J., Profit Planning and Control. Dreamland Publication, Kathmandu Ojha, K. P. & Gautam, C. M., Profit Planning and Control, Kathmandu: Asmita Books and Distributors Pvt. Ltd. Fago, G. & Niraula, H., Profit Planning and Control. Kathmandu: Buddha Academic Enterprises Pvt. Ltd. 64

FIN 250: Fundamentals of Corporate Finance Nature of the Course: Concentration Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objective The objective of this course is to provide students an understanding of the basic concepts and theories of corporate finance and develop skills to analyze issues in corporate finance for sound financing decisions in businesses. Course Description This course familiarizes students the fundamentals of corporate finance and provides them required skills to analyze and manage financing aspects of business decisions. This course deals with introduction to corporate finance, financial markets and institutions, interest rates, short-term financing, common stock and investment banking process, long-term debt and preferred stock financing, capital structure and leverage, financial planning and forecasting, derivatives and risk management, multinational corporation and merger and acquisition. Course Details Unit 1: Introduction to Corporate Finance LH 10 Corporate finance and financial manager; Financial manager’s responsibilities; Managerial actions to maximize shareholder wealth; Corporate finance and other functional areas; The agency problem: stockholders versus managers and stockholders versus creditors; Corporate social responsibilities; and Corporate governance. Unit 2: Financial Markets and Institutions LH 5 The capital allocation process; Financial markets; Types of financial markets; Financial institutions; The stock market; Stock market and returns; and Stock market efficiency. Unit 3: Interest Rate LH 10 The cost of money; Interest rates levels; Determinants of market interest rates; Term structure of interest rates; Shape of yield curve; Using the yield curve to estimate future interest rates; Macro-economic factors influencing interest rates; and Interest rate and business decision. Unit 4: Short-Term Financing LH 20 Nature of short-term financing; Advantages and disadvantages; Sources of short-term financing: accruals, s payable (trade credit), commercial paper, short-term bank loans – line of credit, revolving credit arrangement, transaction loans; The cost of bank loan; Choosing a bank; Comparison of cost of trade credit, commercial paper and short-term bank loan; Use of security in short-term financing: inventory financing and s receivable financing. Unit 5: Common Stock and Investment Banking Process LH 15 Features of common stock; Legal rights and privileges of common stockholders; Advantages and disadvantages; The market for common stock; Methods of selling securities: public offering, rights offering and private placement; Analysis of rights offering and effect of rights offering on shareholders’ wealth; and The investment banking process. 65

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Unit 6: Long-Term Debt and Preferred Stock Financing LH 10 Debt instruments: term loan and bonds; Debt contract features; Loan repayment schedules; Types of bonds; Bond innovations; Advantages and disadvantages; Preferred stock: features, types, advantages and disadvantages. Unit 7: Capital Structure and Leverage LH 10 Capital structure and financial structure; Determining the optimal capital structure: EBIT−EPS analysis of the effect of financial leverage, EPS indifference analysis; The effect of capital structure on stock prices and the cost of capital; Capital structure and value of the firm; Operating leverage, financial leverage and total leverage. Unit 8: Financial Planning and Forecasting LH 15 Strategic planning; Operating plans and the financial plan; Sales forecast; The Additional Fund Needed (AFN) Equation; Forecasted financial statements; Using regression to improve forecasts; and Analyzing the effects of changes in ratios. Unit 9: Derivatives and Risk Management LH 15 Reasons for managing risk; Introduction to derivatives, Options: Option types and markets; Factors affecting the value of a call option; Exercise value versus option price; Forward and futures contracts; Other types of derivatives: swaps, structured notes, inverse floaters; Using derivatives to reduce risk; Risk management and risk management approaches. Unit 10: Multinational Corporate Finance LH 20 Nature of multinational corporations; Reasons for companies going global; Multinational versus domestic financial management; Exchange rates quotations; Cross rates; Interbank foreign currency quotations; Trading in foreign exchange rates: spot rates and forward rates; Interest rate parity; Purchasing power parity; Inflation, interest rates, and exchange rates; International money and capital markets; International capital budgeting; and International capital structure. Unit 11: Merger and Acquisition LH 10 Rationale for mergers; Types of mergers; Level of merger activity; Hostile versus friendly takeovers; Merger analysis; Role of investment bankers; Corporate alliances; and Private equity investments. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Text Brigham, E. F., & Houston, J. F. Fundamentals of financial management. Delhi: Cenage Learning. Weston, J. F., Scott B., & Brigham, E. F. Essentials of managerial finance. New York: Harcourt Brace College Publishers. References Van Horne, J. C., & Wachowicz, J. M. Fundamentals of financial management. Prentice- Hall India Ltd. Ross, S. A., Westerfield, R. W. & Jordan, B. D. Fundamentals of corporate finance. New York: McGraw-Hill Irwin. Gitman, L. J. Principles of managerial finance. Delhi: Pearson Education. Paudel, R. B., Baral K. J., Gautam R. R., & Rana S. B. Fundamentals of corporate finance. Kathmandu: Asmita Books Publishers and Distributors. 67

FIN 251: Commercial Bank Management Nature of the Course: Concentration Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objective This course aims to provide students with basic understandings of how commercial banks provide their services and equip them with the tools and techniques required for commercial bank management. By the end of this course, the student will be able to understand regulatory environment, evaluate performance, analyze asset/liability position of banks, make correct investment decisions, provide various types of lending, manage capital and liquidity position and analyze the impact of off balance activities of commercial banks.

Course Description This course deals with one of the most important financial institutions – commercial banks. This course introduces students with the commercial bank and the regulatory environment in which it operates. Then it evaluates the performances of banks and discusses how the assets and liabilities of the banks are managed. It describes how these banks maintain their liquidity, manage the capital and offer different types of loan to their clients. Finally, it also covers the off-balance sheet items and electronic banking.

Course Details Unit 1: Introduction to Commercial Banking LH 5 Meaning, types and functions of a bank; Bank goals and constraints; Internal organization of banking firms; Sizes and market shares of commercial banks; Assets and liabilities of commercial banks; and Current status of commercial banks in Nepal. Unit 2: The Bank Regulatory Environment LH 10 Reasons for bank regulations; Evolution of regulatory framework; Salient Features of Banking and Financial Institutions Act; Functions and power of bank regulator; and The Role of Nepal Rastra Bank in the regulation of banks in Nepal. Unit 3: Evaluating Bank Performance LH 10 Framework for evaluating bank performance: internal performance, external performance; Bank financial statement: the balance sheet, the income statement; Analyzing bank performance with financial ratios: profit ratios, risk ratios, other ratios; Risk-adjusted return on capital; and Economic value added. Unit 4: Asset/Liability Management LH 15 Concept of asset/liability management; Approaches in managing interest rate risk: balance sheet adjustment, off-balance sheet adjustment; Measuring interest rate sensitivity and dollar gap: classification of assets and liabilities, definition of dollar gap, asset and liability sensitivity gap, interest rates and profitability, incremental and cumulative gap, gap analysis, managing interest rate risk with dollar gap, balance sheet adjustment, acceptable level of interest rate risk, aggressive vs defensive management of interest rate risk using dollar gap, problem of dollar gap management; Duration gap analysis: measurement of duration gap, interest rates, the duration gap and the value of equity, defensive and aggressive duration gap management, problem with duration gap management; and Simulation and stress testing in asset/liability management. 68

Unit 5: Investment Management LH 10 Investment policies and goals; Types of investment securities; Evaluating investment risk: security specific risk, portfolio risk, inflation risk; and Investment strategies: ive investment strategies, aggressive investment strategies.

Unit 6: Credit Evaluation Process LH 10 Credit scoring; Credit rating; financial analysis; Ratio analysis: profitability ratios, liquidity ratios and measures, efficiency ratios, leverage ratios; and Common size statement analysis. Unit 7: Commercial and Industrial Lending LH 15 The role of asymmetric information in lending; Lending environment; Loan policy; Ways to making loan; Principal lending activities; Collateral: characteristics of good collateral, types of collateral; The lending process: evaluating a loan request, structuring commercial loan agreements, pricing commercial loans, monitoring and loan review.

Unit 8: Real Estate and Consumer Lending LH 10 Real estate lending; Characteristics of mortgage loan; Residential mortgage loan; Commercial real estate loan; Consumer lending; Types of consumer loans; and Financial charges. Unit 9: Liquidity Management LH 15 Estimating liquidity needs: sources and uses of funds method, structure-of-deposits method; Assets liquidity: role of asset liquidity, primary reserves, managing the money position, secondary reserves; Liability management; Fund management of liquidity: liquidity ratios, optimal bank liquidity; Regulatory view of bank liquidity; and Nepal Rastra Bank directives on liquidity management. Unit 10: Capital Management LH 10 Definition of bank capital; Role of bank capital; Capital adequacy; Shareholders’ view on bank capitalization; Trends in bank capital; and Nepal Rastra Bank Directives on bank capital.

Unit 11: Liabilities Management LH 10 Structures of bank liabilities; Deposit sources of fund; Non deposit sources of funds; Balance sheet structure of bank liabilities; Managing bank liabilities; Formulating pricing policies; Estimating cost of bank funds; and Cost analysis.

Unit 12: Off-Balance Sheet Activities LH 10 Financial guarantees; Standby letter of credit; Bank loan commitments; Derivatives; and Other offbalance sheet activities.

Unit 13: Electronic Banking LH 10 Retail payments and financial services; Electronic banking services: retail services, wholesale services; and Electronic banking: internet banking.

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Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Text and Reference Books Gup, B. E., & Kolari, J. W. Commercial banking, New Delhi: Wiley India. Rose, P. S., & Hudgins, S. C. Bank management and financial services, New Delhi: Tata McGraw-Hill Education. Koch, T. W., & McDonald, S. S. Bank management. New Delhi: Cengage Learning. Chaudhari, M. An introduction to banking – liquidity risk and assets liabilities management, West Sussex, UK: Wiley. Government of Nepal. Banks and financial institutions act 2006.

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FIN 252: Foundations of Financial Markets and Institutions Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objective The course aims to lay the foundation of students on financial institutions and markets by imparting the fundamentals concepts and theories of financial markets and institutions. By the end of this course, the student will understand the functioning of financial institutions such as depository and non-depository financial institutions, the role of the central bank, and the markets for government and corporate securities. Course Description Financial institutions and markets are important components of market economy. Students studying finance courses must be familiar with the purpose and functions of the financial institutions and the markets. Therefore, this course deals with fundamental aspects of financial institutions and markets as they operate in an economy. This course covers the fundamentals concepts and theories of financial markets and assets, depository and nondepository financial institutions, central banking and monetary policy, assets price and interest rates, organization and structure of markets, government securities markets, markets for corporate securities, mortgage and assets backed securities, and risk in financial institutions. Course Details Unit 1: Introduction LH 10 Overview of financial assets: concept of financial assets, debt versus equity instruments, the price of financial assets and risk, financial assets versus tangible assets, the role of financial assets; Financial markets: concepts and role of financial markets, classification of financial markets, market participants, globalization of financial markets, classification of global financial markets, motivation for foreign market and Euromarkets; The role of the government in financial markets: justification for regulation, forms of regulation; and Financial innovation: categorization of financial innovations, and motivation for financial innovation. Unit 2: Financial Institutions, Financial Intermediaries and Asset Management Firms LH 7 Financial institutions: services provided by financial institutions; Role of financial intermediaries; Overview of asset/liability management for financial institutions; Concerns of regulators; Asset management firms; and Hedge funds. Unit 3: Depository Institutions LH 8 Asset/liability problems of depository institutions; Commercial banks – services, bank funding, capital requirement for banks; Savings and loan associations—assets, funding, and regulation; Savings banks; Credit unions; and Classification of depository institutions in Nepal. Unit 4: The Central Bank and Monetary Policy LH 10 The central bank and its purposes; Instruments of monetary policy; Different kinds of money; Money and monetary aggregate; The money multiplier—the expansion of the money supply; The impact of interest on money supply; and The money supply process in an open economy; Monetary policy: concept and goals of monetary policy, trade-offs and conflicts among policies, goals and types of targets, and Nepal Rastra Bank and monetary policy of Nepal. 71

Unit 5: Insurance Companies LH 15 Meaning; Types of insurance; Insurance company versus types of products; Fundamentals of the insurance industry; Regulation of insurance industry; Structure of insurance companies; Forms of insurance companies—stock and mutual; Individual versus group insurance; Types of life insurance; General and separate products; Participating policies; Insurance company investment strategies; Changes in insurance industry; Evolutions of insurance, investment and retirement products; Insurance industry in Nepal; and Regulation and supervision mechanism in Nepal. Unit 6: Investment Companies and Pension Funds LH 15 Types of investment companies—open-end funds, closed-end funds; unit trusts; Funds sales charges and annual operating expenses; Multiple shares classes; Economic motivation for funds; Types of funds by investment objectives; The concept of family of funds; Investment vehicles for mutual funds; Mutual fund costs; Taxation of mutual funds; Regulation of funds; Structures of a funds; Recent changes in mutual funds; Alternatives to mutual funds—exchange traded funds; Mutual funds versus exchange traded funds; Investment companies in Nepal; Concept of pension funds; Types of pension plans—defined-benefit plan, defined-contribution plan, and hybrid pensions plans; and Practices of pension plan in Nepal. Unit 7: Determinants of Asset Prices and Interest Rates LH 15 Properties of financial assets; Principles of pricing of financial assets; Price volatility of financial assets; The theories of interest rates—Fisher's classical theory, the loanable funds theory, and the liquidity preference theory; The determinants of the structure of interest rates; The yield curve and the term structure; Forward rates; and Determinants of the shape of the term structure. Unit 8: Organization and Structure of Markets LH 10 Primary markets: the traditional process for issuing new securities, regulation of the primary market, variation in the understanding of process, and private placement of securities; Secondary markets: functions of secondary markets; Perfect markets; Roles of brokers and dealers in real market; Market efficiency; Electronic trading; and Primary and secondary markets in Nepal. Unit 9: Market for Government Securities LH 10 Markets for treasury securities: types of treasury securities, the primary markets—auction cycles, determination of the results of an auction, primary dealers, submission of bids; Secondary market; stripped treasury securities; Municipal securities markets: types and features of municipal securities, municipal bond ratings, the primary and secondary markets for municipal securities, and yields on municipal bonds; and Government securities and markets in Nepal. Unit 10: Markets for Common Stock LH 10 Trading mechanics; Transaction costs; Trading arrangement for retail and institutional investors; Basic functioning of stock markets; Stock market indicators; Pricing efficiency of the stock markets; Exchange market structures; Stock market and over-the-counter markets; Off-exchange markets; and Common stock market in Nepal. Unit 11: Market for Corporate Senior Securities LH 10 Concept of corporate senior securities; Credit risk; Commercial paper—concept, issuers of commercial paper; Medium term notes; Banks loans; Corporate bonds: overview of concept and features, bonds with special features, corporate bond credit rating; Eurobond market; Preferred stock: features, adjustable-rate preferred stock; Negotiable CDs; and Bankers acceptance. 72

Unit 12: The Mortgage and Asset-backed Securities Markets LH 10 Concept of mortgage and mortgage markets; Mortgage origination; Types of mortgage; Investment risks; Concept of mortgage-backed securities; Agency -through securities; Collateralized mortgage obligations; Accrual bonds; Stripped mortgage-backed securities; Asset-backed securities markets: concept of asset-backed securities and securities markets, creation of an asset backed security, collateral types and securitization structure, non-mortgage types of ABS, credit risks associated with investing in ABS, securitization and the impact on financial markets. Unit 13: Risks of Financial Institutions LH 10 Concept of risk; Types of risk: interest rate risk, market risk, credit risk, off-balance-sheet risk, foreign exchange risk, sovereign risk, technology and operational risks, liquidity risk, insolvency risk and other risks. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Text and Reference Books Fabozzi, F. J., Modigliani, F., Jones, F. J., & Ferri, M. Foundations of financial markets and institutions. Delhi: Dorling Kindersley (India) Pvt. Ltd. Saunders, A. & Cornett, M. M. Financial markets and institutions. New York: McGraw Hill Irwin. Meir, K. Financial institutions and markets. Delhi: Oxford University Press India. Madura, J. Financial institutions and markets Delhi: Cengage Learning India Private Limited. Klob, R. & Rodriguez, R. J. Financial institutions and markets. Cambridge: Blackwell Publishers Inc. Shrestha, M. K. , Bhandari, D. B. & Joshi, P. R. Foundation of Financial Institutions & Markets. Kathmandu: Asmita Books Publishers & Distributors (P) Ltd. Bhattarai, J., & Ghimire, S. R. Financial markets and institutions. Kathmandu: K. P. Pustak Bhandar. Bhole, L. M. & Mahakud, J. Financial institutions and markets. Delhi: Tata McGraw Hill Education Pvt. Ltd.

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FIN 253: Fundamentals of Investment Full Marks: 100 Marks: 35

Lecture Hours: 150

Course Objective The objective of this course is to provide students with basic understanding of fundamental concepts and principles of investing and equip them with the tools and techniques for analyzing individual securities and portfolios. By the end of this course, the student will be familiar with the investment environment and be able to analyze securities and make correct investment decisions from the view point of individual investors. Course Description This course deals with investment environment, principles and process of investing in securities. It also provides students opportunities to learn techniques of analyzing securities and forming portfolios. The topics covered in this course are: investment environment, securities markets and transactions, risk and return, modern portfolio, investment in common stocks, bonds, and mutual funds, and derivative securities.

Course Details Unit 1: Investment Environment LH 10 Meaning and types of investment; Types of investors; Investment process; Investment vehicles; Making investment plan: steps in investing, considering personal taxes, investing over the life cycle, investing in different economic environment; Meeting liquidity needs: investing in short-term vehicles; Investment environment in Nepal; and Ethics in investing.

Unit 2: Markets and Transactions LH 15 Meaning of securities markets; Types of securities markets: primary market and secondary market, broker and dealer market, alternative trading system, general market conditions; Globalization of securities markets: importance, investing in foreign securities, risk in international investing; Trading hours and regulations of securities markets: trading hours, regulations; and Types of securities transactions: long purchase, margin trading and short-selling.

Unit 3: Investment Information and Securities Transactions LH 15 Introduction to online investing; Pros and cons of using internet as an investment tool; Types and sources of investment information: types of information, sources of information; Market averages and indexes: Dow Jones averages, S & P indexes, Nepse indexes; Bond market indicators; Making securities transactions – the role of the stock brokers; Types of orders; Online transactions; Transaction costs; and Investor protection. Unit 4: Return and Risk LH 10 The concept of return: components of return, importance of return, level of return, historical return, time value of money and return; Measuring return: real, risk-free and required returns, holding period return, the internal rate of return; Finding growth rates; The meaning of risk; Sources of risk; risk of a single asset: standard deviation, coefficient of variation; Assessing risk; and Combining risk and return.

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Unit 5: Modern Portfolio LH 15 Concept of portfolio; Portfolio objectives; Portfolio return and standard deviation; Correlation and diversification; International diversification; The Capital Assets Pricing Model (CAPM): components of risk, beta, estimating return using CAPM, the Security Market Line; Traditional approach of portfolio management; Modern portfolio theory: the efficient frontier, portfolio beta, the risk return tradeoff; and Reconciling traditional approach and modern portfolio theory. Unit 6: Common Stock Fundamentals LH 8 Pros and cons of stock ownership; Buying and selling of common stocks: reading the quotes, transaction costs, common stock values; Types of stocks and stock dividends; and Investment strategies. Unit 7: Common Stock Analysis and Valuation LH 15 Concept of fundamental analysis and technical analysis; Security analysis – principles and approaches; Economic analysis: economic analysis and business cycle, key economic factors, developing an economic outlook; Industry analysis: key issues, industry growth cycle, developing an industry outlook; Financial ratios – liquidity ratios, activity ratios, leverage ratios, profitability ratios, ROA-ROE interaction, common stock ratios; The valuation process; Stock valuation models: the dividend valuation model, other approaches to valuation – dividend-and-earnings approach, price/earnings approaches; Concept of market efficiency and behavioral finance. Unit 8: Fixed Income Securities LH 10 Meaning and types of fixed income securities; Features of a bond; Bond market performance; Bond’s exposure to risk; Bond ratings; The market for debt securities: Treasury bonds, agency bonds, municipal bonds, corporate bonds; Specialty issues: convertible securities, zero coupon bonds, mortgage-backed securities, assets-backed securities, junk bonds; Global bond market; and Nepalese bond market. Unit 9: Bond Valuation LH 12 The behavior of market interest rates; The term structure of interest rates and yield curve; The pricing of bonds; Measures of yield and return: current yield, yield to maturity, yield to call, expected return; Duration and immunization: the concept of duration – measuring duration, bond duration and price volatility; Uses of bond duration measures; and bond investment strategies. Unit 10: Mutual Fund LH 10 The mutual fund concept; Advantages and drawbacks of mutual fund ownership; Organization and functioning of mutual funds; Open-end and closed-end funds; Exchange-traded funds; Important considerations in investing mutual funds; Other types of investment companies; Types of funds and services: types of funds, investors services; Investing in mutual funds; Investing in closed-end funds; Measuring performance; and Mutual funds in Nepal. Unit 11: Managing Portfolios LH 10 Constructing a portfolio; Evaluating the performance of individual investments; and Measuring the performance of investment vehicles; Assessing portfolio performance; Comparison of return with overall market measures: Sharpe’s measure; Treynor’s measure, Jenson’s measure; Portfolio revision and Timing transactions.

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Unit 12: Derivative Securities LH 10 Basic features of put and call options; Advantages and disadvantages of puts and calls; Option markets; Stock option provisions; Put and call transactions; Other types of options: stock-index option, option in exchange-traded funds, interest rate options, currency options; Future market; Market structure; Trading in future market; Trading commodities; and Financial Futures. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Text and Reference Books Gitman, L. J. & Joehnk, M. D. Fundamentals of investing. New Delhi: Dorling Kindersley India. Bodie, Z., Kane, A. & Marcus, A. J. Essentials of Investment. New York: Irwin McGraw-Hill. Alexander, G. J., Sharpe, W. F. & Jeffery V. B. Fundamentals of Investments. Delhi: Pearson Education. Reilly, F. K. Investment analysis and portfolio management. Singapore: South-Western/ Cengage Learning.

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FIN 254: Insurance and Risk Management Full Marks: 100 Marks: 35 Lecture Hours: 150

Course Objectives The objective of this course is to familiarize students with the basic nature of risk and provide detail knowledge of insurance. The course also aims at providing necessary skills to analyze and shop appropriate life and non-life policies. Course Description This course deals with basic nature of risk and the way it is managed by different types of insurance businesses. In this course, students will learn fundamental aspects of risk management along with general principles of insurance. Besides, they will also have an opportunity to learn the principles and processes of effecting life, health, and property and liability insurances. Students will also develop the necessary skills to evaluate and shop appropriate insurance policies. This course includes a total of 12 units, they are: Introduction to Risk and Insurance, Risk management, Risk Identification and Measurement, Fundamental Legal Principles and Insurance Contract, Life Insurance, Health Insurance, Automobile Insurance, Homeowners Insurance, Commercial Property Insurance, Commercial Liability Insurance, Social Insurance and Government Regulation of Insurance. Course Details Unit 1: Introduction to Risk and Insurance LH 10 Meaning of risk; Peril and hazard; Basic categories of risk; Burden of risk on society; Methods of handling risk; Definition of insurance; Basic characteristics of insurance; Requirements of insurable risk; Types of insurance; and Benefits and costs of insurance to society. Unit 2: Risk Management LH 10 Meaning of risk management; Objective of risk management; Steps in risk management process; Benefits of risk management; Personal risk management; The changing scope of risk management; Financial analysis in risk management decision making; and Other risk management tools. Unit 3: Risk Identification and Measurement LH 10 Risk identification; Concept and use of probability in risk measurement; and Evaluating the frequency and severity of losses.

Unit 4: Fundamental Legal Principles and Insurance Contract LH 10 Legal principles; Requirements of an insurance contract; Distinct legal characteristics of insurance contract; and Basic elements of insurance contract. Unit 5: Life Insurance LH 15 Meaning and importance of life insurance; Types of life insurance; Life insurance contract; Procedure of life insurance contract; Determining the of life insurance; Principles of investment of life fund; Distribution channels for life insurance; Group life insurance: concept, group life underwriting principles, group life insurance plans; and Life insurance in Nepal: evolution, current status, and major policies.

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Unit 6: Health Insurance LH15 Meaning and importance of health care insurance; Types: individual and group; Individual health care insurance coverage; Individual medical expense contractual provisions; Shopping for individual health insurance; Group medical expense insurance and plans: traditional indemnity plan, anaged care plan, consumer-driven health plan; Group medical expense contractual provisions; Group-disability income insurance; and Health insurance in Nepal: current status and major challenges. Unit 7: Auto Insurance LH 12 Overview of automobile insurance; Liability coverage; Medical payment coverage; Uninsured and insured motorists coverage; Auto insurance pricing and underwriting: rating factors, underwriting, residual markets; Arguments for and against compulsory auto third party insurance; Tort liability and nofault law; and Automobile insurance in Nepal: current status, process of effecting automobile insurance and major issues. Unit 8: Homeowners Insurance LH 7 Types of policies; Major coverage; Property loss settlement; Pricing homeowners policies; Personal umbrella policies; Coverage of high risk/ catastrophic perils; and Impact of catastrophes on property insurance.

Unit 9: Commercial Property Insurance LH 6 Commercial package policy; Important forms: property coverage form, causes-of-loss form, reporting form; Business income insurance; and Transportation insurance: ocean marine insurance and inland marine insurance. Unit 10: Commercial Liability Insurance LH 15 General liability loss exposure; Commercial general liability policy; Workers’ compensation insurance; Commercial motor vehicle liability insurance; Aviation liability insurance; Professional liability insurance; Directors and officers liability insurance. Unit 11: Social Insurance LH 15 Concept of social security scheme; Need of social insurance; Old-age survivors and disability insurance; Major benefits; Medicare; Unemployment insurance; Workers compensation; and Social security schemes in Nepal: current status and major issues. Unit 12: Government Regulations of Insurance LH 15 Rationale for insurance regulation; Methods of regulating insurers; Areas of regulation; Problems and issues in regulation; Features and coverage of existing Insurance Act and Insurance Regulation; Role and functions of Beema Samiti (Insurance Board) in regulating insurance in Nepal. Project Work LH10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

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Text and Reference Books Rejda, G. E. Principles of risk management and insurance. New Delhi: Pearson Education. Harrington, S. E., & Niehaus, G. R. Risk management and insurance. New Delhi: Tata McGraw-hill. Vaughan, E. J. & Vaughan, T. M. Fundamentals of risk and insurance. New Delhi: Willey India. Williams, C. A., Smith, M. L. & Young, P. C. Risk management and insurance. Ohio: McGraw Hill. Dorfman, M. S. Introduction to risk management and insurance: New Delhi: Pearson Education. Government of Nepal, Insurance Act. Beema Samiti, Annual Reports of Beema Samiti

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MKT 250: Fundamentals of Selling Full Marks: 100 Marks: 35

Lecture Hours: 150

Course Objective This course aims to provide knowledge to the students about effective techniques of selling and developing practical skills in the selling job. An additional attempt has been made to familiarize the students with the sales force management technique. Course Description This course contains introduction, understanding sales process, communication and transactional analysis in sales job, buyer behaviour and buying process, building future sales and customers relations, managing sales force in the organization, arrangement of sales territories, arrangement of sales quotas, international sales, evaluating, supervising and controlling sales and sales personnel Unit 1: Introduction LH 17 Nature and meaning of selling; Marketing concept and selling; Role of selling in society and in firm; Duties of a sales representative; Types of sales job; Essential knowledge for successful selling; Qualifications for success in sales job; Theoretical basis of sales job – the AIDAS approach, the RIGHT SET OF CIRCUMSTANCES approach, the BUYING FORMULA approach, and the BEHAVIORAL EQUATION approach. Unit 2: Understanding Sales Process LH 17 Pre-sale preparations; Prospecting and qualifying potential customers; Pre-approach planning; Approaching the prospects; Sales presentation and product demonstration; Handling customers’ objections; Closing the sales; Follow-up Action. Unit 3: Communication & Transactional Analysis in Sales Job LH 13 Meaning and process of communications; Two-way communications: listening and questioning; Verbal and non-verbal communications; Transactional analysis – concept and methods of analysis; Hooking the adult; Role of Communications in Selling Job; Factors affecting effective communication. Unit 4: Buyer Behaviour and Buying Process LH 13 Meaning of buyer Behavior; Types of buyers – Individual buyer and Industrial buyer; Individual Buying process; Factors affecting the buying decisions; Organizational buying process; Collecting information about buyers; Customer care and satisfaction. Unit 5: Building Future Sales and Customers Relations LH 15 Developing goodwill – meaning and importance; Methods of establishing goodwill; Analyzing the types of customers and their characteristics; Methods of improving relations with the non-buyers; Understanding the nature of after-sale or post-sales services to the customers – knowledge about the use of product, adequacy of product information, need for help and nature of services by the customer, and understanding the promises (warranty and guarantee); Handling customer complaints – need for handling customers’ complaint and methods of handling customer complaints. 80

Unit 6: Managing Sales force in the Organization LH 15 Meaning and tasks of sales force management; Deg the sales force; Recruitment and selection of sales force; Challenges in sales force selection; Training the sales force; Remunerating/compensating the sales force; Directing and motivating the sales force. Unit 7: Arrangement of Sales Territories LH 11 Meaning of sales territory; Need for establishing sales territories; Reasons for not having sales territories; Elements of territory management: establishing sales quota, analysis, developing objectives and sales quotas, territory-time allocation, customer sales planning, scheduling and routing, territory and customer evaluation. Unit 8: Arrangement of Sales Quotas LH 11 Meaning and objective of sales quotas; Types of sales quotas; Methods of setting sales quotas; Problems of establishing sales quotas. Unit 9: International Sales LH 13 Introduction; Sales opportunities abroad; Identifying buyers in foreign markets; Methods of selling in foreign markets; Difficulties in selling abroad; Major tools in international sales: Internet marketing/emarketing, referral marketing, and direct marketing. Unit 10: Evaluating, Supervising and Controlling Sales and Sales Personnel LH 15 Meaning and need of sales evaluation, supervision and control; Process of sales control; Controlling sales personnel through supervision; Tools of sales control and analysis – Sales audit, Market audit, Sales force expense analysis; Methods of measuring sales organization effectiveness – sales analysis, marketing cost analysis, classification of marketing expenses, credit control, market share analysis, budgetary control, ratio analysis, management objectives (MBO)

Project Work

LH 10

After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Pedarson, Carton A., Wright, M. D., and Wright, B. A., Selling: Principles and Methods, Richard D. Irwin. Cooper, Simon, Selling: Principles, Practice and management, Pitman Publishing, London. Reference Books Shrestha, S. K., Fundamentals of Selling, Kathmandu: Book Palace. Futrell, Charles., ABCs of Selling, New Delhi: RichardD. Irwin Inc. Homewood, Still, R. R., Cundiff, E. W., Bovoni,& Norman, A. P., Sales Management: Decisions, Strategies and Cases., New Delhi: Prentice hall of India Sharma, G. R., Fundamentals of Selling, Kathmandu: Taleju Prakashan.

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MKT 251: Customer Relationship Management Full Marks: 100 Marks: 35 Lecture Hours: 150

Course Objective This course aims at providing fundamental knowledge to the students about the customer relationship management and develops skill on automating and improving the business processes associated with managing customer relationships in the areas of sales, marketing, customer-service and . This course also helps them in acquiring, developing and retaining the satisfied loyal customers; achieving profitable growth, and creating economic value in a company’s brand. Course Description This course contains introduction, customer care and delighting customers, building customer loyalty, customer retention, measuring customer satisfaction, customer service planning, and implementation of customer relationship management system, customer data management and warehousing, CRM practices in Nepal.

Unit 1: Introduction LH 20 Concept of CRM; Reasons for Customer Relationship Management; CRM in Marketing; Value of Customer Relationship Management – to organization and customer; Types of Customer Relationship Management; Various Aspects of CRM; Stages of CRM Strategy.

Unit 2: Customer care and delighting customers Concept of Customer Care and Delighting Customers; Customer Value and Care and Delighting Programs.

LH 15 Expectations; Customer

Unit 3: Building customer loyalty LH 10 Concept and Importance; Factors Affecting Customer Loyalty; Attitudinal and Behavioral Components of Loyalty. Unit 4: Customer retention LH 15 Concept and Importance; Analysis of Customer Life Cycle; Reasons for Lost Customers; Customer Retention Strategies; Management of Customer Complaints.

Unit 5: Measuring customer satisfaction LH 20 Concept of Customer Satisfaction; Reasons for Measuring Customer Satisfaction; Benefits of Measuring Customer Satisfaction; The Costs of Poor Service and Poor Quality; Conducting Customer Satisfaction Survey; Triangular Relationship in Customer Satisfaction – Customer Satisfaction, Employee Satisfaction and Company Management Satisfaction; Tools and Techniques of Measuring Customer Satisfaction.

82

Unit 6: Customer service planning LH 20 Concept of Customer Service; Cost and Value of Customer Service; Developing Customer Service Strategy; Monitoring and Controlling Customer Service Strategy ; Managing Customer Service and Total Service Quality .

Unit 7: Implementation of customer relationship management system LH 15 Concept of Implementing CRM System; Considerations in CRM Implementation; Potential Problems in CRM Implementation; Avoiding the Problems of CRM Implementation; Steps in CRM Implementation. Unit 8: Customer data management and warehousing LH 18 Information Technology and CRM; Sources of Customer Data – Internal and External Sources; Tools and Techniques of Data Collection – Publications, Internet, marketing intelligence system, etc.; Concept and Components of Data Warehouse – large reservoir, business dimensions, and easy retrieval; Steps in Data Warehousing; LH 15 Evolution of CRM; The Global Dimension of CRM; Implementation of CRM System In Nepalese Enterprises; The Future of CRM System; Project work need to be assigned to students.

Unit 9: CRM practices in Nepal

Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Suggested Books Anderson, K., & Carol, K., Customer Relationship Management , New York: McGraw-Hill, USA. Bhat, K. G., Customer Relationship Management, New Delhi, Himalaya Publishing House, Mumbai, India. Sharp, E. D., Customer Relationship Management Handbook, New York: Auarbach Publications, London. Graham Roberts-Phelps – Customer Relationship Management: How to turn a good business into a great one, London: Thorogood Publications. Zikmund, W. G., Raymond, M. L, & Faye, W. G., Customer Relationship Management, Singapore: John Wiley & sons (Asia) Pte. Ltd.

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MKT 252: Foreign Trade & Export Management in Nepal Full Marks: 100 Marks: 35

Lecture Hours: 150

Course Objective This course aims at providing basic understanding of the theories, processes and components of foreign trade and export management. In addition, this course also aims to impart practical knowledge of the operational aspects of export, import and transit management in Nepal. Course Description This course contains introduction, commercial and industrial policy, balance of payments and adjustment, export promotion through EPZ and SEZ, export procedure and documentation , export finance, transit System and its arrangements in Nepal , role of regional economic cooperation & international organizations in Nepal’s foreign trade. Course Details Unit 1: Introduction LH 15 Nature of Nepal’s Foreign Trade; Import and Export Structure of Nepal; Diversification of Nepal’s Trade; Role of foreign trade in economic development of the country; Nepal in the Global Trade. Unit 2: Commercial and Industrial Policy LH 18 Introduction; Free Trade vs. Protectionism; Trade Barriers: Tariff and Non-tariff Barriers; Nature and Components of Commercial policy of Nepal; Provisions of Nepal’s Commercial Policy; Role of trade and industrial policy in export promotion. Unit 3: Balance of Payments and Adjustment LH 19 Nature and Components of Balance of Payments; Review of Nepal’s Balance of Trade and Balance of Payments Situation; Reasons for Widening Gap between Import and Export; Problems of Export Trade of Nepal; Government’s Efforts in bridging Gap between Import and Export; Efforts of Private Sector for Export Promotion; Import Control Measures in Nepal. Unit 4: Export promotion through EPZ and SEZ LH 19 Concept and Need of Export Processing Zones (EPZ) and Special Economic Zones (SEZ); Development of SEZs in Asian Countries; Development of SEZ in Nepal; Government’s Policy regarding SEZ. Unit 5: Export Procedure and Documentation LH 17 Preliminary Requirements in Export Executions; Stages in Export Procedure; Export Procedure in Nepal; Requirement of Export Documents; Export Custom Points in Nepal; Products Banned for Export in Nepal. Unit 6: Export Finance LH 14 Concept and Types of Export Finance; Need of Export Finance; Pre-shipment Finance – concept and types ; Post-shipment Finance – concept and types; Export Credit and Financing in Nepal ; Methods of Export Payment; Market Study is needed. 84

Unit 7: Transit System and its Arrangements in Nepal LH 19 Land-locked Character and Nature of Transit problems; Land-locked Countries of the World and their Transit Trade Situation; Cost of Transit problems; An Overview of Nepal’s Trade and Transit Arrangements; Nepal’s Trade and Transit Agreements with Neighboring Countries; Nepal’s Trade and Transit Arrangements with India, Bangladesh and China.

Unit 8: Role of Regional Economic Cooperation & International Organizations in Nepal’s Foreign Trade LH 19 Concept and Need of Regional Economic Integration/Cooperation; Forms of Regional Integration; Understanding the role of SAARC, ASEAN, and EU; Role of SAARC and BIMNST-EC in Nepal’s Export Promotion; Role of Multilateral Trading System in Nepal’s Foreign Trade; A small project work is needed.

Project Work

LH 10

After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Basic Books Rathor, B. S. & Rathor, J. S., Export marketing, Mumbai: Himalaya Publishing House. Cherunilam, F., International Trade and Export management, Mumbai: Himalaya Publishing House. Mannur, H. G., International Economics, New Delhi: Vikas Publishing House. References Books Basnet, K. K., A Study of Nepal’s Transit Arrangement, (Nepali Version), Kathmandu: Nepal Adhyayan Samuha. Gupta, K. R., International Economics, Bombay: Himalaya Publishing House. Nepal Law Society, Lanadlocked States and Access to Sea, Kathmandu. Shrestha, S. K., Export Market Management in Nepal: A critical study, Kathmandu: Pa Educational Enterprise, Trade and Transit Agreements of Nepal with Foreign Countries Various Publications of ETPC, SAARC Secretariat, WTO, UNCTAD, ITC, FNCCI, Chamber of Commerce, and others.

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MKT 253: Fundamentals of Advertising Full Marks: 100 Marks: 35

Lecture Hours: 150

Course Objective This course aims to provide knowledge to the students about basic concept of advertising and make them able to analyze the functions of advertising business and develop basic skill in deg ments, planning media selection and advertising budgeting. Course Description This course contains introduction, advertising business and advertising agencies, creation of ments, deg the advertising message/ advertising appeals, media planning and scheduling, establishing and allocating advertising budget, measuring advertising effectiveness, advertising business practices in Nepal. Course Details Unit 1: Introduction LH 17 Advertising and Marketing Communication; Objectives and Elements of Advertising; Role of Advertising to Firm, Consumers and Society; Types of ments; Social Ethics and Advertising Business; Unit 2: Advertising Business and Advertising Agencies LH 17 Key Players in Advertising Business; Role and Functions of Advertising Managers; Role and Types of Advertising Agencies in Advertising Business; Selection Criteria of Advertising Agency; Unit 3: Creation of ments LH 17 Creative Advertising and Its Features; Creative Process or Visualization process of an ment Copy; Creation of a Print Copy, Radio Commercials, Web ments, and Television Commercials; Creative Persons in Creating an ment Copy; Meaning and Types of ment Copy; Major Components of an ment Copy; Essentials of a Good ment Copy; Concept, Functions and Principles of a Good ment Layout; Unit 4: Deg the Advertising Message LH 15 Concept and Essentials of an Effective Advertising Message; Use of Unique Selling Propositions (USP) in Message Design; Models of Message Design: Heart & Heart, Advertising Effectiveness, and MECCA Models; Message Strategies: Cognitive, Affective, Conative and Brand Image Strategies; Unit 5: Advertising Appeals LH 14 Concept and Types of Advertising Appeals: Rational, Emotional, and Sex Appeals; Essentials of a Good Advertising Appeal; Role of Various Colors in ment; Market survey is needed

86

Unit 6: Media Planning and Scheduling LH 17 Concept and Process of media Planning; Types and Characteristics of Advertising Medias; Role of Media Research in Media Planning; Media Selection Criteria; Concept and Methods of Media Scheduling. Unit 7: Establishing and Allocating Advertising Budget LH 14 Concept and Need of Advertising Budgeting; Expenses in Advertising Business; Factors Affecting the Advertising Budget Size; Process of Setting the Advertising Budget; Approaches to Advertising Budgeting; Methods for Establishing Advertising Budget Unit 8: Measuring Advertising Effectiveness LH 14 Concept and Importance of Effectiveness Measurement: Effectiveness Testing Areas: Market; Message; Media; Motives and Mission; and Overall Results; Copy Testing: Concept and Methods; Measurement of Overall Effectiveness of Advertising Campaign: PACT & DAGMAR Models; Leveraging other components of promotion-mix in advertising; Unit 9: Advertising Business practices in Nepal LH 15 Historical Development of Advertising Business in Nepal; Advertising Agencies in Nepal and Their Role in Promoting Advertising Business in Nepal; Development of Print and Audio-Visual ments in Nepal; Individual Consumers and Social Perception on the Use of Sex Appeals in Nepalese ments ; Role of Advertising Association of Nepal in Advertising Business in Nepal;

Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Basic Books Belch and Belch: Advertising and promotion: An Integrated marketing Communications Perspective, New Delhi: TATA McGRAW-HILL. Jethwaney, J. & Jain, S., Advertising Management, New Delhi: Oxford University Press, O’Guinn, Allen and Semenik: Advertising and Integrated Brand Promotion, NewDelhi Thomson South-western. Reference Books Sharma, Sangeeta and Singh, Raghuvir: Advertising Planning and Implementation, New Delhi: Prentice-Hall of India. Sontakki, C. N.: Advertising, New Delhi: Kalyani Publishers. Willmshurst and Mackay: The Fundamentals of Advertising, New Delhi: Butterworth-Heinemann. Agrawal, Govind Ram : Marketing Communicartion and Fundamentals of Advertising, Kathmandu: MK Publisher & Distributors. Koirala, Kundan : Marketing communications, Kathmandu: Buddha Academic Publishers & Distributors,

87

MKT 254: Fundamentals of Services Marketing Lecture Hours: 150

Full Marks: 100 Marks: 35

Course objective This course aims to impart fundamental knowledge about marketing of services and service industries. In addition, this course also makes an attempt to acquaint knowledge to them regarding service marketing practices in Nepal. Course Description This course contains introduction, models in service marketing, marketing segmentation, targeting and positioning for services firm, customer perception and expectations of services, buyer behavior and relationship marketing, service product and quality management, pricing strategies for services, promotion strategies for services, distribution strategies for services, emerging service sectors in Nepal. Course Details Unit 1: Introduction LH 17 Meaning, characteristics and classification of services; Fundamental difference between goods and services; Emerging key services; Reasons for the growth of services sector; Challenges in service sector; Concept and importance of services marketing; Marketing mix for services. Unit 2: Models in Services Marketing LH 8 The molecular model; The servunctional model; The industrial management model The market-focused management model. Unit 3: Market Segmentation, Targeting and Positioning for a services Firm LH 9 Concept and process of market segmentation for service product; Market segment strategies for service products; Concept and process of service positioning in the target market; Service positioning strategies. Unit 4: Customer Perceptions and Expectations of Services LH 17 Customer perception on service products; Customer satisfaction and service quality; Gap model of service quality; Concept of customer expectations and factors influencing customer expectations; Service encounters and moment of truth; Management of customer service expectation; A process model of customer service expectation management. Unit 5: Buyer Behaviour and Relationship Marketing LH 15 Understanding buyer behavior; Factors influencing buyer behavior; Meaning and importance of relationship marketing; Difference between transactional selling and relationship marketing; Customer development process; Customer relationship development strategies; Customer value building approaches. Unit 6: Service Product and Quality Management LH 15 Concept and nature of service product; New service product and service product development; Life-cycle strategies for service products; Branding the service product; Maintaining service quality and model of service quality; Service-profit chain strategy; Researching service quality and setting quality standard. 88

Unit 7: Pricing Strategies for Services LH 15 Pricing objectives and buyers’ perception of value; Considerations of services pricing – demand considerations, cost considerations, competition considerations, legal considerations; Emerging service pricing strategies – satisfaction-based pricing, relationship pricing, efficiency pricing. Unit 8: Promotion Strategies for Services LH 15 Meaning and objective of promotion for service product; Communication process for service product; Promotion mix for service product; Selection strategies for selecting the promotion mix; Integrated marketing communication for service product – service promised, communicated message, internal communication, and guarantees; Social ethics in service promotion. Unit 9: Distribution Strategies for Services LH 15 Nature of distribution for service products; Factors affecting the choice of distribution channels; Distribution strategies – intensive, selective and exclusive; Managing distribution channels – selection, motivation, training, evaluation, managing conflict; Role of Internet in global distribution system. Unit 10: Emerging Service Sectors in Nepal LH 14 Introduction; Healthcare sector; Banking sector; Insurance sector; Tourism sector; Communication and networking sector; Hydro power sector.

Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Jauhari, V. & Dutta, K., Services Marketing, Operations, and Management, New Delhi: Oxfort University Press Palmer, A., Principles of Services Marketing, London: McGraw-Hill International Edition. Woodruff, H., Services Marketing, New Delhi: Macmillan India Ltd. References Books Lovelock, C., Service Marketing, New Delhi: Pearson Education Asia Apte, G., Services marketing, New York: Oxford University press Payne, A., The Essence of Services marketing, New Delhi: Prentice Hall of India. Balaji, B., Services Marketing and Management, New Delhi: School and Co. Ltd. Zeithaml, V. A., Bitner, M. J., Gremler, D. D., & Pandit, A., Services Marketing. New Delhi: Tata McGraw-Hil.

89

MGT 250: Entrepreneurship and Small Business Management Lecture Hours: 150

Full Marks: 100 Marks: 35

Course Objectives The main objective of this course is to provide basic knowledge and practice of entrepreneurship and small business management. Course Description This course contains meaning of small business, causes of failure of small business, importance of location of business, nature and importance of management, nature of capital needs, factors for product-line decision, sources of long-term funds, management of small retail store. Course Details Unit 1: Introduction LH 7 Concept, becoming an entrepreneur, key elements of entrepreneurship, characteristics of successful entrepreneurs, common myths about entrepreneurs, types of start-up firms, Importance of entrepreneurship- entrepreneurial firms, society and larger firms, The process of new venture creation, ; Entrepreneurship Vs entrepreneurship Vs salaried employees; Comparative advantage and disadvantages of salaried employment; Positive and negative aspects of entrepreneurship; Entrepreneurship qualifications Entrepreneurship development in Nepal. Unit 2: Meaning of Small Business LH 12 Relative importance of small business; Features of small business in developed and developing countries; Small business in Nepalese economy; Strengths and weakness of small business; Importance of small business; Role of human resources in small business, Identifying and recognizing opportunitiesobserving trends and solving problems, personal characteristics of the entrepreneur, techniques for generating ideas, encouraging and protecting new ideas; linking creativity, innovation and entrepreneurship. Unit 3: Causes of Failure of Small Business LH 17 Sources of idea generation for small business; Different ways of business ownership; Pros and cons of buying, inheriting and starting a new business; Forms of business organizations and their relative importance; Introduction and role of small business promotion centre; Role of Ministry of Commerce and Industry in promoting and strengthening small business in Nepal; Acts regulating small business in Nepal. History and evolution of franchising opportunities; Relative advantages and disadvantages of franchising; Evaluating franchising opportunities; Scope and practice of franchising in Nepalese context; Failure symptoms; Failure trend of small firms in Nepalese economy. Unit 4: Importance of Location in Business and feasibility Analysis LH 16 Factors affecting location sustainability; Choice of location; Agencies that assist in choosing location; Special location problems for small wholesaling, service and retailing business; Physical facilities and their minimum requirements; Factors in acquiring appropriate physical facilities; Problems of physical facilities; Layout of physical facilities; Effective use of physical facilities, Concept, product/service feasibility, industry/target market feasibility analysis, organizational feasibility analysis and financial feasibility analysis. 90

Unit 5: Nature and Importance of Management and Start-Up of Business LH 28 Management functions and their applicability; Sources of management assistance; Management of time in small business; Economics of small business strategy; Objectives of small business; Social responsibility of small business; Small business and firms; Planning in small firms; Steps In planning procedure; Types of plans; Decision-making functions and its relevancy; Steps in decision-making; Major quantitative tools to aid decision making; Organizational structures and their comparative advantages and disadvantages; Formal and informal organizational structure; Factors for effective organization; Recruitment and selection; Use of personnel manager and important personal functions; Human relations approach; Factors for good human relations. Recruiting and selecting key employees, selecting a market and establishing a position, key market issues for new ventures, the 4 Ps of marketing for new ventures; Nature of business growth, planning for growth, reasons for growth and managing growth, knowing and managing the stages of growth, managing capacity, day-to-day challenges of growing a firm. Unit 6: Nature of Capital Needs LH 11 lenders and investors, funding requirements, sources of personal financing, venture capital, commercial banks, sources of debt financing; Estimating capital requirements; Sources of funds; Nature of credit selling; Decision in relation to of sales: cash or credit; Procedure in credit operation. Unit 7: Factors for Product-line Decision LH 14 Factors for pricing decision; Elements of personal selling; Advertising and sales promotion; Marketing research techniques and activities; Motivation research; Use of consultants in marketing research. Unit 8: Sources of Long-term Funds LH 12 Concept and application of capital budgeting in small business; Maintenance of ing records; Preparation of financial statements; Analysis of financial statements to facilitate management control. Unit 9: Management of Small Retail Store LH 23 Operating method of small retail store; Problems and deficiencies in the operations of small stores in Nepal; Service firm; as a small business; Operation and unique characteristics of service firms; Material and alike problems of service firms in Nepal; Operation of small manufacturing plant as small business; Operating methods; Focus and problems of small manufacturing plants in Nepal.

Project Work

LH 10

After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Siropolis, N. C., Small Business Management, Houghton Mifflin Company, Dallas Broom, H.N., J.G. & Moore, C.W., Small Business Management, South-Western Publishing Co., Dallas. Reference Books Schaper, M., Volery,T. Weber, P. & Lewis, K. Entrepreneurship and Small Business, 3rd Asia-Pacific Edition. Barringer, B.R., & Ireland, R. D., Entrepreneurship: Successfully Launching New Ventures, Pearson. Holt, D.H. Entrepreneurship New Venture Creation, New Delhi: Prentice-Hall. Mariotti, S. & Glackin, C., Entrepreneurship and Small Business Management, Pearson. Zivetz, Lausiz, Private Enterpise and the State in Modern Nepal, New Delhi: Oxford University Press Steinhaff, Dan & Burgess, J.F., Small Business Management Fundamentals, Tokyo: McGraw Hill 91

MGT 251: International Business Full Marks: 100 Marks: 35 Lecture Hours: 150

Course Objectives The basic objective of the course is to prove the students the fundamental knowledge of the international business environment and marketing. The course also aims to develop students' skills to apprehend the international business performance. Course Details Unit 1: The Nature of International Business LH 10 Definition, nature, components, scope, opportunities and challenges of IB. History of IB. Domestic Vs IB. Factors leading to the growth of IB. Unit 2: Global Economy and Regional Economic Integration LH 22 Structure of the global economy-maturated market system, developing economic and other economic systems. Transition in the economic system. Regional Economic Integration- Concept and purpose. Types of integration- preferential trading agreements, free trade area, custom union, common markets, and economic union. Benefits and costs of economic integration. Unit 3: Globalization and International Business LH 15 Concept, nature and stages of globalization. Process and forms of globalization. Components of globalization. Characteristics of contemporary world business. WTO – origin, objectives, structure and functions. Concepts of globalization and international business; Factors affecting globalization; Reasons for international business expansion; Drivers of market globalization; Domestic vs international business. Unit 4: Modes of Entering IB LH 22 Determinants of entry modes. Contractual entry modes – licensing, franchising, management contract, turn-key projects. Foreign Direct Investment (FDI) – concept, trends in FDI, strategies and techniques of FDI. Mergers and acquisitions. Strategic alliances – nature, benefits, scope of international strategic alliances. Unit 5: International Business Environment LH 34 Political and legal systems; Actors in political and legal systems; Political risks; e-commerce and intellectual property rights; Government interventions and investment barriers; – concept, types of economic systems and structures, Competition, privatization and deregulation. Preliminary economic indicators. Process of analyzing economic environment. . International monetary system – determination of exchange rates, fixed vs. floating exchange market. World’s main financial markets. Techniques of financing foreign trade. Exchange control and liberalization. International payment systems. Regional economic integration – types, leading economic blocs; Emerging foreign markets; The changing demographics of the global economy; International monetary and financial environment – currencies and exchange rate systems; The floating exchange rate system; Modes of payment in international trade; Global financial system; International economic institutions; WTO and free trade policies. Socio-cultural environment – concept, cultural diversity. Implications of cross-culture for IB. national differences in of ethics and social responsibility, why culture matters in international business? 92

Unit 6: Planning, Organization, and Control of IB LH 22 Planning – the nature of planning, strategic plans, types of planning systems, gap analysis. Definition, and characteristics of MNCs , Organization structure for MNCs – functional structure, regional structure and product structure, span of control, criticisms of MNCs, conflict with host country. Control – nature, control systems. Headquarters – subsidiary relations, Appraising the performance of foreign subsidiaries. Unit 7: Strategies for IB LH 15 Concept, features, process, strategic objectives, strategy formulation, product portfolio analysis – advantages and problems of portfolio analysis. Competitive strategy. Sources of competitive advantages. The value chain. Critical success factors. Strategy and opportunity assessment; Role of strategy in international business; Estimating market potential; Choosing a strategy; Entering and operating in international markets – exporting and importing, collaborative ventures and strategic alliances, licensing, franchising; Global outsourcing; MNCs and Foreign Direct Investment (FDI) in the world economy – concept, types and trends.

Project Work

LH 10

After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Basic Books Bennet, R., International Business, New Delhi : Pearson Education. Aswathappa, K., International Business, New Delhi : Tata Mc-Graw Hill. Reference Books Sharan, V. International Business, New Delhi: Pearson Education Rao, P. S. International Business, Mumbai: Himalaya Publishing House Daniels & Radhebaugh, L.H., International Business, New Delhi: Pearson Education.

93

MGT 252: Management of Industrial Relations Lecture Hours: 150

Full Mark: 100 mark: 35

Course Objectives This course aims to familiarize the students with the basic concepts of Industrial relations. It will also focus on the structure of trade unionism, industrial disputes and its settlement, participative management, wage determination and other related issues. Course Description This course contains introduction to industrial relations, trade unionism and employer's association, prevention and settlement of industrial disputes, industrial democracy and participatory management, labour legislation, wage determination, ILO and Nepal, labor welfare and social security, technology and industrial relations, industrial relations scenario in Nepal. Course Details Unit 1: Introduction to Industrial Relations LH 8 Concept and meaning of IRs, objectives and scope of industrial relations, forms of industrial relations, theories of industrial relations, actors of Industrial relations, the system perspectives of industrial relations, industrialization strategy and industrial relations.

Unit 2: Trade Unionism and Employers’ Association LH 18 Concept, functions and objectives of trade union and employer's associations, emergence of trade unionism,, trade union activities, trade unions in service sector, structure of trade unions in Nepal, trade union movement in Nepal, trade unions related issues in Nepalese organizations, provisions in Trade Union Act 2049 (1992),origin, growth and types of trade unionism and employers association in Nepal Unit 3: Prevention and Settlement of Industrial Disputes LH 27 Concept and causes of disputes, typology of industrial disputes: Individual and collective disputes, interest and right disputes; Prevention of disputes: Code of conduct, handling employee grievances, Grievance machinery, maintain discipline; Settlement of disputes: Collective bargaining: concept and process, nature of collective bargaining, collective bargaining as a method of wage fixation, prerequisite for collective bargaining, negotiating techniques and skills, types of collective bargaining contracts, provisions of collective bargaining in Nepal, collective bargaining issues in Nepalese organizations; Conciliation and arbitration; Legal framework for settlement of industrial disputes resolution in Nepal Unit 4: Industrial Democracy and Participatory Management LH 20 Concepts of Industrial Democracy and Participatory Management; Schemes of workers’ participation in management, determinants of workers’ participation in management, workers’ empowerment-techniques quality circle and its application Kaizen and its benefits quality of work life and work behavior, t work committees, managing good industrial relations- problem and prospects future of industrial relations; Workers’ participation in management in Nepal: Legal provision and practices

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Unit 5: Labour Legislation Concept; Objectives of labour legislation; Labour legislation in Nepal: Labour Act, Trade Union Act and Bonus Act

LH 15

Unit 6: Wage Determination LH 14 Concept of wages; Methods and criteria of wage determination; Minimum wages in Nepal; Wages and productivity Unit 7: ILO and Nepal LH 13 Governing principles and objectives of ILO; Functions and activities of ILO; Structure of ILO; Labor standards; ILO’s activities in Nepal Unit 8: Labor Welfare and Social Security LH 15 Concept and objectives of labor welfare; Types of labor welfare programs; Concept and Methods of social security; Labor welfare and social security in Nepal Unit 9: Technology and Industrial Relations LH 10 Modernization of work processes; Effects of New Technology in Employment; Trade unions and technological change; Managing technological change Unit 10: Industrial Relations Scenario in Nepal LH 10 Historical perspective and Current scenario; Emerging trends and issues if IRs in Nepalese organizations. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours. Basic Books Monappa, A., Industrial Relations, New Delhi: Tata-McGraw Hill. Verma, P., Management of Industrial Relations, New Delhi: Oxford and IBH. Singh, B.D. Industrial Relations and Labour Laws, New Delhi : Excel Book. Bhatia, S.K. constructive Industrial relations and Labour Laws, New Delhi: Deep & Deep Publications, India Monappa, A., Nambudiri, R.& Selvaraj, P. Industrial Relations and Labour Laws, Tata McGraw Hill Education Pvt. Ltd. Salamon, M., Industrial Relations: Theory and Practice, New delhi: Prentice Hall Sihna, P.R.N., Industrial Relations, Trade Unions and Labour Legislation, New Delhi: Pearson Education Ratnam, C.S.V., Industrial Relations, New Delhi: Oxford University Press, India. Reference Books Kanoon Byabasta Samiti, Trade Union Act, Labour Act, and Bonus Act of Nepal. ILO, Labour stration: A Profile on Nepal, Kathmandu: the Office of the ILO Advisor. Pant, Prem R. and Manandhar, Narayan (eds), Industrial Relations in Nepal: A book of Readings, Kathmandu: FNP and IRF. Shrestha, B.M., Industrial Relations Management (Theory and Practice), Kathmandu: Akshalok Prakashan,

95

MGT 253: Productivity Management Full Marks: 100 Marks: 35

Lecture Hours: 150

Course Objectives The course aims to provide the students with the knowledge of the productivity management, and the develop the knowledge and skill of the students of using the tools and techniques of productivity improvement. Course Description This course contains introduction to productivity management, factors affecting productivity management, productivity improvement tools and technique, productivity movement and international and regional cooperation, productivity in Nepal. Course Details Unit 1: Introduction LH 33 Definition of Productivity; Concept and Misconception of Productivity (Production vs. Productivity, Efficiency, Profitability); the importance and role of productivity, productivity management system, productivity policy, approaches to productivity appraisal- total productivity, labor productivity, government and public sector productivity appraisal, comparing and analyzing productivity; approaches to productivity analysis in the enterprises- the Kurosawa structural approach, Lawlor’s approach, Gold’s approach, quick productivity appraisal approach, Inter-firm comparison, Quality and Productivity Management. Unit 2: Factors Affecting Productivity and Productivity Improvement LH 37 Internal factors: Hard factors and Soft factor; External factors: Structural adjustments, Natural resources, Government, Infrastructure and Others, General considerations, productivity improvement programs: concepts and key elements, organizational approaches to productivity improvement programs, Levels of Productivity Measurement: Macro Level and Micro Level; Types of Productivity Measurement: Total Productivity; Total Factor Productivity; Partial Productivity (Labor, Capital and Materials); Productivity Measurement Approaches (Physical Measurement, Value Measurement and Value-Added Measurement) major variations of productivity programs, productivity improvement techniques- industrial engineering and behavioral, productivity improvement strategies and action plans. Unit 3: Productivity Measurement LH 28 Concept, objectives of productivity measurement, Levels of Productivity Measurement: Macro Level and Micro Level; Types of Productivity Measurement: Total Productivity; Total Factor Productivity; Partial Productivity (Labor, Capital and Materials); Productivity Measurement Approaches (Physical Measurement, Value Measurement and Value-Added Measurement), management by objectives and productivity measurement, system approach and productivity measurement, performance objectivesproductivity (PO-P), identification of key performance areas (KPA’s), setting of performance objectives, ranking and weighting and sub-systems, KPA’s and PO’s performance indices- calculation and evaluation.

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Unit 4: Productivity Improvement Tools and Technique LH 15 Productivity Improvement Factors; Productivity Improvement Approaches: Innovation and System Oriented (ISO) Approach, Practice and Human Oriented (PHO) Approach. Productivity Improvement Tools and Techniques; Human-ware Oriented; Software Oriented; Hardware Oriented

Unit 5: Productivity Movement and International and Regional Cooperation LH 14 Productivity Movements in Different Regions: European Countries, Asia-pacific and others; International and Regional Productivity Organization; International Labor Organization (ILO); Asian Productivity Organization (APO) and member NPO’s Unit 6: Productivity in Nepal LH 13 Productivity Movements in Nepal; Productivity Policy in Nepal; Productivity Organizations of Nepal; Productivity in Nepalese Organizations: Issues, Problems and Prospects. Project Work LH 10 After the completion of fourth year concentration classes the students shall have to prepare and submit a project work in the area they have specialized. The subject teachers have to discuss with students on possible topics of the project work, availability and sources of literature, availability of data, data collection methods, appropriate tools of data analysis, etc relevant to the subject within 10 lecture hours.

Basic Books Prokopenko, J., Productivity Management, New Delhi: Oxford & IBH Publishing Co. Pvt. Ltd. Reference Books Vrat, P., Sardana, G.D., & Sahay, B.S., Productivity Measurement for Business Excellence, Alpha Science International Ltd, Londan: Oxford UK. Sawhney, S.C., Productivity Management: concepts and Techniques, New Delhi: Tata McGraw-Hill, India Kongkiti, P. Productivity Management in an Organization: Measurement and Analysis, To Know Press. Economic development and National Productivity Center, Productivity in Nepal. Pant, D., Bajracharya P., Pradhan M., (edit): Current Issues on Productivity, Kathmandu: National Productivity & Economic Development Centre. National Productivity & Economic Development Centre, Productivity Measurement (Macro Level), Kathmandu: National Productivity & Economic Development (NPEDC). Asian Productivity Organization (APO), Changing Productivity Movement in Asia and the Pacific-Challenges and Lessons, Tokyo: Asian Productivity Organization. Asian Productivity Organization, Enhancing Productivity, Competitiveness and Quality of Jobs – The Asian Experience, Tokyo: Asian Productivity Organization.

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