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 Forfeiting

• 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