Financial Treasury and Forex Management II

• Introduction; Types, Determinants and Constraints of Dividend Policy

• Forms of Dividend

• Different Dividend Theories - Walter’s Model, Gordon’s Model and Modigliani-Miller Hypothesis of Dividend Irrelevance

• Dividend Policy - Practical and Legal Constraints

• Corporate Dividend Practices in India

• Meaning, Types, Determinants and Assessment of Working Capital Requirements

• Operating Cycle Concept and Applications of Quantitative Techniques

• Management of Working Capital - Cash, Receivables, Inventories; Financing of Working Capital; Banking Norms and Macro Aspects

• Factoring and Forfeiting9

• Security Analysis - Measuring of Systematic and Unsystematic Risk, Fundamental Analysis (Economic, Industry and Company), Technical Approach and Efficient Capital Market Theory

• Portfolio Management - Meaning, Objectives; Portfolio Theory – Traditional Approach; Fixed and Variable Income Securities, Markowitz Portfolio Theory;

Modern Approach - CAPM Model; Economic Value Added, Sharpe Single & Multi Index Model; Arbitrage Pricing Theory (APT); Risk Adjusted Measure of Performance

• Meaning, Objectives, Significance, Functions and Scope of Treasury Management

• Relationship between Treasury Management and Financial Management; Role and Responsibilities of Chief Finance Officer

• Tools of Treasury Management; Internal Treasury Controls; Environment for Treasury Management

• Liquidity Management, Regulation, Supervision and Control of Treasury Operations, Implications of Treasury on International Banking

• Nature, Significance and Scope of Forex Management

• Foreign Exchange Market and its Structure

• Foreign Exchange Rates and its Determination

• Exchange Rate Quotes; Types of Exchange Rates; Forex Trading; Currency Futures and Options

• Foreign Exchange Risk Exposures and their Management; Exchange Rate Forecasting; Risk in Foreign Exchange Business

Practical Problems and Case Studies