Graduate Program

Course Credit: 3

The professional and ethical duty of the accountant; Professional behavior and compliance with accounting standards; Ethical requirements of corporate reporting and the consequences of unethical behavior Social responsibility; The financial reporting framework; The applications, strengths and weaknesses of an accounting framework; Critical evaluation of principles and practices; Reporting the financial performance of entities; Performance reporting; Non-current assets; Financial instruments; Leases; Segment reporting; Employee benefits; Income taxes; Provisions, contingencies and events after the reporting date; Related parties; Share-based payment; Reporting requirements of small and medium sized entities (SMEs); Financial statements of groups of entities; Financial reporting in specialized, not-for-profit and public sector entities; Entity reconstructions; Implications of changes in accounting, regulation on financial reporting; The effect of changes in accounting standard son accounting systems; Proposed changes to accounting standards; The appraisal of financial performance and position of entities; Current developments

Course Credit: 3

Introduction to equity investment; Types of Equity Securities and Their Characteristics; Equity Markets: Characteristics, Institutions, and Benchmarks; Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities using DCF approaches like DDM,FCF, FCFE; Multiple based valuation technique; Asset based valuation technique; Equity Market Valuation and Return Analysis; Special Applications of Fundamental Analysis (Residual Earnings); Equity of Hybrid Investment Vehicles

Course Credit: 3

Introduction to Types of Fixed-Income Securities and their Characteristics;Fixed-Income Markets: Characteristics, Institutions, and Benchmarks; Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis; Term Structure Determination and Yield Spreads; Analysis of Interest Rate Risk; Analysis of Credit Risk; Valuing Bonds with Embedded Options; Structured Products like MBO,CBO,CDO; Financial Engineering in Fixed income product development

Course Credit: 3

Introduction to Derivative products; Types of Derivative Instruments and Their Characteristics; Forward Markets and Instruments; Pricing of Forward market instruments; Futures Markets and Instruments, Options Markets and Instruments; Pricing of Options market instruments using Black-Scholes -Merton Model; Swaps Markets and Instruments; Pricing of different types of Swap instruments; Credit Derivatives Markets and Instruments; Pricing of different credit derivative instruments; Use of Derivatives to manage market risks, equity price risk, interest rate risk, exchange rate risk, credit risks and other types of risks

Course Credit: 3

Introduction to Alternative Investment and their risk return characteristics; Types of Alternative Investments and Their Characteristics; Empirical risk-return characteristics of Real Estate and its contribution to traditional equity-bond portfolio; Empirical risk-return characteristicsof Private Equity/Venture Capital and its contribution to traditional equity-bond portfolio; Empirical risk-return characteristics Hedge Funds and its characteristics to traditional equity-bond portfolio; Different hedge fund strategies and their performance in different market conditions; Empirical risk-return characteristicsof Closely Held Companies and Inactively Traded Securities; Empirical risk-return characteristics Distressed Securities/Bankruptcies; Commodities; Tangible Assets with Low Liquidity

Course Credit: 3

An overview of the financial system; The role of financial markets: Saving, investment and financial intermediation; Determination of interest rates; Term structure of interest rate; The regulatory environment: The role of government in the financial system; Money and the financial system; Risk, return, and efficiency of financial markets; Money markets; Bond markets; Mortgage markets; Stock markets; Futures and Options markets; Foreign exchange markets; The Capital market; Financial markets and institutions in Bangladesh

Course Credit: 3

Nature of Financial Institutions and Its Importance; Financial Service Industry and Financial Markets; Risk of the Balance Sheet; Credit and Portfolio; Loan Sales and Asset Securitization; Liquidity and Liquidity Management; Liability and liability Management; Market Risk: Measurement and Management; Off Balance Sheet Risk Management; Management of Other Risk; Bank Performance Measurement

Course Credit: 3

Spot Rate, Cross Rate, Forward Rate; Arbitrage; Fixed Rate and floating Rate; Central Bank Interventions; NEER and REER; Foreign Exchange Behavior: Parity Theorems; Inflation and Interest Rates; Expected Exchange Rates; Purchasing Power parity: Absolute PPP, Relative PPP; Overvaluation and Undervaluation; Exchange Rate determination; Balance of Payment Approach; Monetary Approach; Portfolio Balance approach; Determinants of Balance of Trade and Payments; Elasticity of Approach to the Balance of Trade; Absorption approach to the balance of trade; Monetary Approach to the Balance of Payments; Foreign Exchange Risk: Type of Risk, Efficient Market, Forecasting; Currency Derivative Markets: Forward Rates, Swaps, Futures and Options; Hedging and Speculation; Import and Export Financing: Institutions, Executing Translations, Letters of Credit, Banker’s Acceptance, Multinational banking and other firms; International Investment and Capital Flow: Types of International Flow; Foreign Debt, International Money Market, Capital Flight and Financial Crisis; Macroeconomic Policy in the Open Market; Foreign Exchange scenario in Bangladesh: Rules and Regulations prevailing in Bangladesh, State of Exchange Rate Arrangements and Restrictions, Size and Flow of Foreign Exchange Activities, Roles of Bangladesh Bank and Government budget

Course Credit: 3

Leasing: Definition, Types; Comparison with Ownership; Economics of Leasing: Economic Rationale of Leasing, Evaluating the Cost of Leasing; Accounting Aspects of Lease Financing; Tax Aspects of Leasing; Factors indicating a Sale; Comparative analysis; Leveraged Leases; Equipment Lease Financing; Project Lease Financing; Sale and Lease Back in Real Estate; Investment Banking – Functions, Types, Industry Structure; Primary Market Making; Underwriting and Syndication; Secondary Market Making; Dealer-Broker Activity; Trading - Speculation and Arbitrage; Financial Engineering; Other Activities of Investment Bank - Advisory Investment Management and Merchant Banking; Funding and Risk Management; Laws Governing Investment Banking - Securities and Exchange Regulations (Merchant Banker and Portfolio Manager)1995; Investment Banking Process & IPOs - Underpricing, Long Run Performance of IPOs, Hot Issue Market; Securitization and Factoring: Asset Securitization, Debt Securitization, Factoring; Stock Price Indexing and Credit Rating

Course Credit: 3

Concept of project and project appraisal; Aspects of appraisal; Macro and Micro perspective of projects; Merit and demerits of project appraisal; Appraisal of different critical factors of project preparation; Importance of cost benefit analysis; Project management system; Methodology of project management

Course Credit: 3

Learning Objective: The objective of this course is to develop the ability to deal with business problems relating to finance. It will incorporate case problems on capital structure, dividend policy, financial planning, cost of capital, capital investments, mergers and acquisitions, financial distress and financial restructuring. Students are expected to apply the financial tools and techniques to analyze cases, prepare reports and make case presentation extensively

Course Credit: 3

Capital budgeting and cash flow principles; Capital budgeting techniques – ARR, PBP, NPV, IRR, MIRR, PI; Special issues in Capital Budgeting Decisions—NPV profile, Problems with IRR and the Profitability Index as decision criteria; Cash Flow Estimation: Accounting Income vs. Cash Flow, Incremental Cash Flow, Bias in Cash Flow Estimation, Inflation Adjustment; Special capital budgeting Situations: Different Lives, Capital Rationing, Optimal replacement decisions for existing assets; Financial Structure and Cost of capital; Risk in Capital Budgeting – Sensitivity, Scenario, Simulation, Decision Tree Analysis; Risk Adjusted Discount Rate and Certainty Equivalent; Interaction of Investment and Financing Decision; Concept of project and project appraisal: Aspects of appraisal, Appraisal of different critical factors of Project Preparation; Importance of Cost Benefit analysis; Methods of Cost-Benefit Analysis; Different Approaches of Shadow Pricing; Project Management System; Methodology of Project Management.

Course Credit: 3

Introduction to portfolio concept and diversification benefits; Marko witch Portfolio theory; Development of CAL,CML,CAPM; Stylized portfolio investment strategies; Management of Individual/Family Investor Portfolios; Management of Institutional Investor Portfolios; Pension Plans and Employee Benefit Funds; Investment Manager Selection; Institutional Investors; Mutual Funds; Pooled Funds and ETFs; Economic Analysis and Setting Capital Market Expectations; Asset Allocation; Portfolio Construction and Revision; Equity Portfolio Management Strategies; Fixed-Income Portfolio Management Strategy; Alternative Investments Management Strategies; Risk Management; Execution of Portfolio Decisions (Trading); Performance Evaluation and Presentation of Performance Results

Course Credit: 3

Probability Concept; Game Theory; Decision Theory Model; Utility Theory, Prospect Theory; Linear Programming; Discrete Programming; Goal Programming; Non-Linear Programming; Inventory Control Models; Transportation Models; Network Model; Waiting Lines and Queuing Theory; Simulation Model

Course Credit: 3

Regulatory Environment; International regulatory frameworks for audit and assurance services; Money laundering; Laws and regulations; Professional and Ethical Considerations; Code of Ethics and Conduct; Fraud and error; Professional liability; Practice Management; Quality control; Advertising and publicity; Obtaining professional work and fee; Tendering Professional appointments; Audit of historical financial information; The audit of historical financial information: Planning, materiality and assessing the risk of misstatement; Group audits; Other assignments; Audit-related and assurance service; Prospective financial information; Forensic audits; Internal audit; Outsourcing and Auditing aspects of insolvency; Reporting; Auditor’s reports; Reports to those charges with governance; Taxes applicable to a given situation, course of action and their impact; Alternative ways of achieving personal or business outcomes and different tax consequences; Taxation effects of the financial decisions made by businesses and individuals; Tax advantages and/or disadvantages of alternative courses of action; Statutory obligations and implications of non-compliance;Ways to reduce tax liabilities; Legitimate tax planning measures; Mitigation of tax; Communicating with clients, NBR and other professionals

Course Credit: 3

Income tax liabilities in situations involving overseas aspects and in relation to trusts; Application of additional exemptions and reliefs; Company tax liabilities in situations involving overseas and group aspects; Application of additional exemptions and reliefs;Chargeable gains and capital gain tax liabilities in situations involving overseas aspects, company liquidations and in relation connected persons and trusts, and the application of additional exemptions and reliefs; Estate duty and donations tax; Transfer duty; Value added tax and tax administration

Course Credit: 3

Financial statements for planning and control; Risk and return relationship; Corporate securities and their valuation; Basics of working capital management; Capital budgeting techniques; Financing the short- and long-term requirements of the firm; Working capital management; Management of cash; Receivables management; Inventory management

Course Credit: 3

Financial reporting for government enterprises; sources of financial reporting standards, distinguishing characteristics of public sector enterprises, objectives of public sector financial reporting, Principles of accounting and financial reporting for state and local government, Debt service funds; types, budgeting for debt service, debt service accounting, Accounting and reporting for federal government agencies, planning of cash and temporary investments, cost determination for government entities, College and university Accounting, Accounting for local government

Course Credit: 3

Islamic Financial System:IslamicShariah, Value proposition, Functions; Types of Islamic Financial markets; Islamic financial intermediaries: Types, Requisites of Islamic Financial system; Islamic Economics and Financial Systems: Islamic economics, Economics of riba, Islamic Financial markets and instruments; Development of Islamic Financial System; International infrastructure institutions;Models of Islamic Finance; Infrastructure for development; Development of vibrant Islamic financial markets; Shari’ah Framework and Principles for Islamic Financial System: Maqasid Al-shari’ah vis-à-vis Islamic finance, Legal maxims, Role of ijtihad and mujtahid in Islamic Banking and Finance, Fundamental prohibited elements in Islamic Finance; Mutuality of risk sharing; Governance and transparency;Shari’ah Contracts: Elements of Shari’ah contracts, Classifications of Shari’ah contracts – exchange- based contract, charity-based contract, waiving contract, partnership contract; Concept of exchange-based contract, Bay’ Al Murabahah, Bay Al-Istisna, Bay Al-Salam, Bay Al- Sarf, Bay Al-Inah, Bay Al-Tawarruq; Partnership contracts in Islamic finance; Security contract; Charitable contracts; Agency contracts; Supporting contract; Islamic Banking Operations and instruments:Role of Islamic Banks, Source of funds, Uses of funds; Islamic Money market: participants, instruments; Islamic vs. conventional money market; Components of Islamic money market; Islamic interbank market; Sukuk market; Sukuk Structures; Sukuk debt or equity; Sukuk trading; Sukuk pricing; Sukuk default; Islamic Equity market: The characteristics of Islamic equity, Understanding and measuring risk; Islamic equity market instruments Legal Framework for Islamic Finance: Common clauses in financial contracts; Islamic model of Investment

Course Credit: 3

Stylized Portfolio Management Strategies like return based, factor based and dynamic management strategies; Different active portfolio management strategies; Strategic Asset allocation strategies; Portfolio Monitoring; Rebalancing and Execution; Managing Individual Investor Portfolio; Managing Portfolio for banks, Insurance, Trusts, Endowments, Foundations, and other institutions; Taxes and Private Wealth Management in a Global Context; Estate Planning in Global Context; Concentrated Single Asset Position; Lifetime Financial Advice; Behavioral Portfolio Management Approach and Behavioral Bias: Emotional Bias and Cognitive Error in Portfolio Management

Course Credit: 3

Long Term Risk management process: risk governance, risk reduc¬tion and an enterprise risk management system;Strengths and Weaknesses of a company’s risk management process; Steps in an effective enterprise risk management system; A company’s or a portfolio’s exposures to financial and nonfinancial risk factors; Value at risk (VAR) in measuring overall and individual position market risk; Limitations of VAR and its extensions, including cash flow at risk; Earnings at risk and tail value at risk; Alternative types of stress testing;Advantages and disadvan¬tages of Alternative types of stress testing; Credit risk of an investment position; Forward contract, swap, and option positions; Use of risk budgeting, position limits and other methods for managing market risk

Course Credit: 3

The context and purpose of financial reporting; The qualitative characteristics of financial Information; The use of double-entry and accountingsystems; Double-entry book-keeping principles includingthe maintenance of accounting records andsources of accounting information; Ledger accounts; Books of prime entry andJournals; Recording transactions and events; Preparing basic financial statements; Preparing simple consolidated financialstatement, Interpretation of financial statements

Course Credit: 3

Definition and sources of law; Nature & kind of Contracts; Types of contracts; Essential elements of valid contract; Company Act 1994 and its essential provisions; Securities laws like Public Issue Rule, Mutual Fund Act, Merchant Banks Regulation, Stock Broker and Dealer Regulation; Bank Company Act; Financial Institution Act; Insurance Companies Act and regulations; Partnership Act etc

Course Credit: 3

Financial management function; The nature and purpose of financial management; Financial objectives and relationship with corporate strategy; Stakeholders and impact on corporate objectives; Financial and other objectives in not-for-profit organizations; Financial management environment; The economic environment for business; The nature and role of financial markets and institutions; The nature and role of money market; Working capital management; The nature, elements and importance of working capital; Management of inventories, account receivable, accounts payable and cash; Determining working capital needs and funding strategies; Investment appraisal; Investment appraisal techniques; Allowing for inflation and taxation in investment appraisal; Adjusting for risk and uncertainty in investment appraisal; Specific investment decisions (lease or buy asset replacement, capital rationing); Business finance; Sources of and raising business finances; Estimating the cost of capital; Sources of finance and their relative cost; Leverage: Operating Leverage, Financial Leverage; Finance for small and medium sized entities

Course Credit: 3

The nature, source and purpose ofmanagement information; Accounting for management; Sources of data; Cost classification;Presenting information; Cost accounting techniques: Accounting for material, labor and overheads; Absorption and marginal costing; Cost accounting methods; Alternative cost accounting principles; Budgeting: Nature and purpose of budgeting; Budget preparation;Flexible budgets; Capital budgeting and discounted cash flow; Budgetary control and reporting;Behavioral aspects of budgeting; Standard costing system; Variance calculations and analysis; Reconciliation of budgeted and actual profit; Performance measurement: overview, application; Cost reductions and value enhancement; Monitoring performance and reporting

Course Credit: 3

Specialist cost and management accountingtechniques; Activity-based costing; Target costing; Life-cycle costing; Throughput accounting; Environmental accounting; Decision-making techniques; Relevant cost analysis; Cost volume analysis; Limiting factors; Pricing decisions; Make-or-buy and other short-term decisions; Dealing with risk and uncertainty in decision-making; Budgeting and control; Budgetary systems; Types of budget; Quantitative analysis in budgeting; Standard costing; Material mix and yield variances; Sales mix and quantity variances; Planning and operational variances; Performance analysis and Behavioral aspects; Performance measurement and control; Performance management information systems; Sources of management information; Management reports; Performance analysis in private sector organizations; Divisional performance and transfer pricing; Performance analysis in not-for-profit, organizations and the public sector; External considerations and behavioralaspects

Course Credit: 3

The Bangladesh tax system; The overall function and purpose of taxation ina modern economy; Different types of taxes; Principal sources of revenue law and practice; Tax avoidance and tax evasion; Personal Income tax liabilities; The scope of income tax: Income from employment, Income from self-employment, Property and investment income; The comprehensive computation of taxableincome and income tax liability; The use of exemptions and reliefs in deferringand minimizing income tax liabilities; Corporation tax liabilities: The scope of corporation tax, Taxable total profits, The comprehensive computation of corporationtax liability, The effect of a group corporate structure forcorporation tax purposes, The use of exemptions and reliefs in deferringand minimizing corporation tax liabilities; Chargeable gains:, Gains and losses on the disposal of movableand immovable property, Gains and losses on the disposal of shares andsecurities, The computation of capital gains tax payable by individuals; Value added tax: The scope of value added tax (VAT), The VAT registration requirements, The computation of VAT liabilities; The effect of special schemes; The obligations of taxpayers and/or theiragents

Course Credit: 3

The conceptual and regulatory framework for financial reporting; The need for a conceptual framework and thecharacteristics of useful information;Recognition and measurement; Specialized, not-for-profit, and public sectorentities; Regulatory framework; The concepts and principles of groups andconsolidated financial statements; Accounting for transactions in financialstatements: Tangible non-current assets, Intangible assets, Impairment of assets, Inventory and biological assets, Financial instrumentsLeasing, Provisions and events after the reporting period, Taxation, Reporting financial performance, Revenue, Government grants, Analyzing and interpreting financialstatements; Limitations of financial statements; Calculation and interpretation of accountingratios and trends to address users’ andstakeholders’ needs; Limitations of interpretation techniques; Specialized, not-for-profit, and public sectorentities; Preparation of financial statements; Preparation of single entity financial statements; Preparation of consolidated financial statements including an associate;Financial Statement Analysis; Ratio Analysis; DuPont Analysis; Assumptions and Properties of Financial Ratios; Analysis of Financial Statements

Course Credit: 3

Governance and Responsibility: Scope of Governance, Agency Relationship and theories, Board Members, Board Committees, Director’s remuneration, Different Approach to Corporate Governance, Corporate Social Responsibility, Governance Reporting and Disclosure; Public Sector Governance; Internal Control Review; Management control systems in corporategovernance; Internal control; Audit and compliance incorporate governance;Internal control and reporting; Management information in audit and internalcontrol; Risk and Risk Management Process: Risk and the risk management process, Categories of Risk, Identification, assessment and measurementof risk, Controlling and Managing Risk; Targeting and monitoring of risk; Methods of controlling and reducing risk: Risk avoidance, retention and modeling; Professional Values Ethics and Social Responsibility; Ethical Theories; Different approaches to ethics and socialresponsibility; Professions and the public interest; Professional practice and codes of ethics; Conflicts of interest and the consequences ofunethical behavior; Integrated reporting and sustainability issues inthe conduct of business

Course Credit: 3

Audit framework and regulation; The concept of audit and other assuranceengagements; External audits; Corporate governance; Professional ethics and Code of Ethicsand Conduct; Internal audit and governance; Differences between external audit and internalaudit;The scope of the internal audit function,outsourcing and internal audit assignments; Planning and risk assessment: Obtaining and accepting audit engagements, Objective and general principles; Assessing audit risks; Understanding the entity and its environment; Fraud, laws and regulations; Audit planning and documentation; Internal control; Internal control systems; The use and evaluation of internal control; Tests of control; Communication on internal control; Audit evidence; Financial statement assertions and auditevidence; Audit procedures; Audit sampling and other means of testing; The audit of specific items; Computer-assisted audit techniques;Not-for-profit organization; Review and reporting; Subsequent events; Going concern; Written representations; Audit finalization and the final review; Audit reports

Course Credit: 3

Introduction to Corporate Finance; Corporate Governance; Dividend Policy; Classical theory of Dividend Policy and its relevance to value of firm; Capital Budgeting under uncertainty and inflation; Risk Analysis; Sources of risk; Types of Risk-based Capital Structure theory and firm value maximization; Capital Investment Decisions; Business and Financial Risk; Long-Term Financial Policy; Short-Term Financial Policy; Mergers and Acquisitions and Corporate Restructuring; Capital Structure factors; EBIT – EPS analysis indifference point

Course Credit: 3

Investment; Securities – primary and secondary securities; Securities market: types, margin buying, short selling; Index construction, price and value weighted indexes; Statistical Concepts: Expected returns and risk – measuring returns and risks of individual securities and portfolio; Bonds and its valuation; Stock valuation; Analysis of economy; Industry analysis; Company analysis; Technical analysis; Investment companies; Warrants; Introduction to options and futures

Course Credit: 3

Strategic position of Business; The need for and purpose of strategic andbusiness analysis; Environmental issues affecting the strategicposition of and future outlook for anorganization; Competitive forces affecting an organization; Marketing and the value of goods and services; The internal resources, capabilities andcompetences of an organization; The expectations of stakeholders and theinfluence of ethics and culture; Strategic choices; The influence of corporate strategy on anorganization; Alternative approaches to achievingcompetitive advantage; Alternative directions and methods ofdevelopment; Strategic action;Organizing and enabling success; Managing strategic change;Understanding strategy development; Business and process change;Business change; The role of process and process changeinitiatives; Improving the processes of the organization; Software solutions; Information technology; Principles of information technology; Principles of e-business application: upstream supply chainmanagement-business application, downstream supplychain management; E-business application: Customer relationshipmanagement, Project management, Financial Analysis; The link between strategy and finance decisions to formulate and support business strategy