Course Code: BCC 201

Course Title: Business Finance

Marks-100
Credit: 3 Hours
(Written -75 ; Internal Evaluation 20 and Viva-05 Marks)

Course objective:
The objective of this course is to provide a theoretical framework of business finance to the students.
This course has been designed aimed at delivering skills- knowledge skills, analytical skills and
communication skills to our students for satisfying needs of industrial stakeholders. This has covered
fundamentals business finance, valuation fundamentals, categories of business finance and valuation
of different types and categories of finance and generally financial institutions for making for
financing decisions in business.

1. Introduction; Fundamental-Definition, Importance, Objectives & goals of Finance and

Finance function; Categories of Finance: Business and Government, Relations of
Business finance with Other Disciplines.

2. Financial Environment: Introduction, Financial Market: Money Markets and Capital

Market, Foreign exchange market and their functions, Financial Intuitions-ICB, IMF,
ADB, IDB & World Bank.

3. Time Value of Money: Fundamentals: Definition, types of cash flows, Techniques,

Importance, Application-Single Amount, Annuities, Mixed Stream, Compounding &
Amortization.

4. Risk & Return: Fundamental: Definition, Classification and measures, practices: use
of measuring risk and return-single asset.

5. Long-Term Financing (Equity):

Equity-Definition, Rights and privileges of equity shareholders, Evaluation as a
sources of funds: common stock, retained earnings. The market for common shares:
Private placement and IPOS and the investment banking process, Alternative Finance:
venture capital.

6. Long term financing (Debt): Definition and Forms, Evaluation of long term debt as a
source of fund; Debt financing in Bangladesh.

7. Intermediate Financing: Fundamentals: Definition Features and forms- lease Hire

purchase etc. Valuation: lease vs Outright purchase and Hire purchase vs Outright
purchase.

8. Short term financing: Fundamental: Definition, features, forms; Sources: Accruals,

Trade credit, Short term bank loan, Marketable securities, Account receivable
financing, Factoring, Inventory Financing.

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9. Financial Statement Analysis: Fundamental: Definition, Importance, uses and
techniques; Ratio Analysis: Definition, types, importance, Analysis of financial
statement on financial ratios.

Basic Text: Gitman, Principles of Managerial Finance (13th Edition)

Reference book:
1) Fundamental of financial management, Bringhum and Houston(10th edition)
2)S. B Block & G. A .Hirt, Foundation of financial management.
3)I. M Pandey, Financial Management.
4) R. L. Johnson, Financial Decision Making.
5) GOB, Ministry of Finance, Resume of Financial Institutions.

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 Course Code: BCC 202
Course Title: Human Resource Management
Marks: 100
Credit: 3 hours
(Written: 75; Internal Evaluation: 20 and Viva: 05)

Course Objectives

This course is designed for leaders seeking to enhance their effectiveness for optimizing the
human resource potential of their organization in order to achieve business and strategic
objectives. In this course, students will learn the basic concepts and frameworks of human
resource management (HRM), and understand the role that HRM has to play in effective
business administration. This course will also improve students’ ability to think about how
HRM should be used as a tool to execute strategies. More specifically, students will analyze
elements such as the environment surrounding each company and their vision, values and
strategies. Then, students will discuss how these elements relate to the various parts of HRM,
such as HR policy, organizational structure, HR systems (recruitment, placement, evaluation,
compensation, development and career management). Students will also look at numerous
problems of HRM and their causes, and what action plans should be implemented in order to
solve these problems.

Course Contents:

1. Introduction to Human Resource Management: Definition – Scope - Importance –

Line and staff aspects of HRM, Line managers human resource duties – Human resource
manager’s duties – The trends shaping HRM, Human Resource Manager’s traits and
competencies in changing business world.

2. Job Analysis: Basics of job analysis - Methods for collecting job analysis information -
Writing job descriptions - Writing job specifications – Job analysis in a worker-
empowered world - Problems in conducting job analysis.

3. Human Resource Planning and Recruitment: Objectives of Human Resource

Planning, Human resource planning and forecasting – Succession planning – Recruitment
- Recruiting Goals – Factors affecting Recruitment – Constrains on Recruiting Effort –
Sources of Recruitment - Developing and using application forms.

4. Employee Selection and Interview: Importance of selection – The selection process -

Basic testing concepts - Types of tests - Work samples and simulations - Background
investigations and other selection methods – Interviewing candidates - Basic types of
interviews - Errors undermining an interview’s usefulness - Designing and conducting an
effective interview.

5. Employee Training and Development: Employee training – Reasons for employee

training and development – The AIDDE five-step training process - Evaluating training
and development effectiveness – The Kirkpatrick model

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6. Career Development: Career development Vs Employee Development – Career
development: value for individual and organization – Traditional career-stages – Career
choices and preferences – Managing Employee Promotion, Transfer, and Dismissals.

7. Performance Management: Basic concepts in performance management and appraisal -

Purposes of performance appraisal - Techniques for appraising performance - Dealing
with performance appraisal problems - Appraisal interview

8. Compensation Management: Basic factors in determining pay rates - Establishing pay

rates - Pricing managerial and professional jobs - Competency-based pay - Individual
employee incentive and recognition programs - Incentives for salespeople - Team and
organization-wide incentive plans – Employee benefits

9. Industrial Relations: Concept of industrial relations - Nature of industrial relations -

Factors affecting industrial relations - Objectives of industrial relations - Approaches to
industrial relations - Essentials for sound industrial relations - Importance of industrial
relations - Causes of poor industrial relations – Trade union - Collective bargaining –
Objectives of Collective bargaining – Collective bargaining participants – Collective
bargaining process.

10. Global Human Resource Management: HR and internationalization of business -

Staffing the global organization - Training and development of expatriate employees –
Compensating the expatriates - Implementing a global HR system.

Basic Textbook:

1. Dessler, G., & Varrkey, B. (2016). Human Resource Management, 14th Edition. New
Delhi: Pearson.

References:

2. DeCenzo, D. A., Robbins, S. P., & Verhulst, S. L. (2013). Fundamentals of human

resource management, 11th Edition, Singapore: John Wiley.

3. Armstrong, M., & Taylor, S. (2014). Armstrong's handbook of human resource

management practice, 13th Edition, UK: Kogan Page Publishers.

4. Mondy, W.W., & Noe, R.M., (2007). Human Resource Management, New Delhi:
Pearson.

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 Course Code: BCC 203
Course Title: Principles of Banking
Marks: 100
Credit: 3 hours
(Written: 75, Internal Evaluation: 20 and Viva: 05)

Course Objective:

This course is designed to introduce the business students regarding different aspects of
commercial banks, financial institutions, and central banks and to understand the evolving
regulatory dynamics in banking activities in Bangladesh with a view to developing students’
knowledge of the structure, functions and operation of the monetary and banking systems in
Bangladesh.

Course Contents:
1. Introduction: Concept and Types of Bank- History of Banking- Banking Structure-
Characteristics of Banking System of Bangladesh – Corporate Banking, Retail Banking,
SME Banking, Wholesale Banking-Financial Systems of Bangladesh -Financial
Institutions in Bangladesh-Contemporary issues in Banking.

2. Commercial Banking:
(a) Overview of Commercial Banks: Definition and Types of Commercial Banks-
Functions and Services of Commercial Banks (Primary, Secondary, Agency and General
Utility Functions)-Roles of Commercial Banks (Financial Inclusion)- Trends Affecting
Commercial Banks.
(b) Bank Funds: Sources- Uses and Functions of Funds of Bank - Income and Expenditures
of Banks-Bank Profitability & Liquidity-Reserve Management- Primary and Secondary
Reserve.

(c) Banker-Customer Relationship: Meaning of Banker and Customer-General

Relationship between Banker and Customer- Rights and Duties/Obligations of Banker-
Obligations for Maintaining Secrecy of Customer’s Account - Opening and Closure of
Bank Accounts of Customers- Mandate & Power of Attorney- Right and
Duties/obligations of Customer- Consequences/Liabilities of Improper/Wrongful
Disclosure.

(d) Loans and Advances: Meaning of Loan and Advance - Different Types of Borrowers
and Loan Accounts- Secured and Unsecured Advances- Discounts and Advances-
Overdrafts- Cash Credit- Term Lending-Principles of Sound Lending - Loan Procedure-
Credit Analysis - Mode of Charging Securities- Credit Performance -Import & Export
Financing-Evaluating and Selecting Consumer and Commercial Loans.

(e) Non-Performing Loans (NPL’s): Introduction -Classification of NPLs -Provisions for

NPL’s - Management of NPL’s - Loan Rescheduling.

(f) Foreign Exchange Operation: Meaning and Fundamentals of Foreign Exchange-

Foreign Exchange Management-Foreign Exchange Market in Bangladesh- Determination
of Rate of Exchange- Foreign Exchange Documentation and Operation-Foreign Accounts
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 of Banks-Types of Rate of Exchange Factors Affecting Fluctuations of Foreign Exchange
Rate -Effects of Exchange Fluctuations- Theories of Exchange Rate Determination-
Foreign Currency Accounts of Clients- Nature and Method of Exchange Control-
Exchange Control in Bangladesh.

(g) Islamic/Shariah-based Banking: Concept and Principles of Islamic Banks- Modes of

Investment of Islamic Banking- Prospects and Challenges of Islamic Banking- Islamic
Banking in Bangladesh.

3. Central Banking: Concept- Nature-Objectives and Functions of Central Bank- Evolution

of Central Bank-Roles of Central Bank-Relationship between Central Bank and
Government-Technique of Monetary Management- General Instruments of Money
Control-Selective Instrument of Money Control- Central Bank and Monetary
Management in Bangladesh.

4. Banking Acts and Regulations: Acts Related to Capital (BASEL Agreement)- Money
Laundering &Terrorist Financing- Banking Companies Act 1991-Bangladesh Bank Order
1972-The Foreign Exchange Regulation Act 1947, CAMELS Rating etc.

.Basic Texts:

1. Bank Fund Management-Dr. A. R. Khan

2. Commercial Bank Management-Peter S. Rose

Reference Books:

1. Banking Theory and Practice - K.C. Shekhar & Lekshmy Shekhar

2. Islamic Banking- Prof. A. Mannan Chowdhury
3. A Textbook on General Banking –L. R. Chowdhury
4. A Textbook on Bankers’ Advances – L. R. Chowdhury
5. A Textbook of Foreign Exchange –L. R. Chowdhury

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 Course Code: BCC 204
Course Title: Macroeconomics
Marks: 100
Credit: 3.00 hours
(Written: 75, Internal Evaluation: 20 and Viva: 05)

Course Objectives

This course introduces students to essential macroeconomic principles and core

macroeconomic theories. The focus is on understanding the workings of three markets of a
modern economy: the goods market, the money market and the labor market, and provides an
overview of macroeconomic issues: the determination of output, employment,
unemployment, interest rates, and inflation. Monetary and fiscal policies are also discussed
within in the scope of the topics covered and a first-hand analysis is made to examine how
the rest-of-the-world can affect the macroeconomic performance of a particular economy.

Course Contents

1. Introduction
Drawing a line between Macroeconomics and Microeconomics, Supply and Demand
in Macroeconomics, Major Macroeconomic Variables, Macroeconomic Time-frames,
Stylized Facts of World Economy and the Lessons, The Goals of Macroeconomic
Policy, Macroeconomic Controversies, and Macroeconomic Equilibriums.

2. National Income Accounting

The National Income Accounts, Circular Flow of Income, Gross Domestic Product,
Calculating GDP, Real GDP, Limitations of the Measures of Aggregate Output, Price
Index and the Aggregate Price level.

3. The Goods Market

The Decomposition of GDP- The Demand for Goods: Consumptions Function and
the Marginal Propensity to Consume, Factors that shift the Consumption Function,
Investment Spending and its Determinant, Government Expenditure and Net Exports,
Determination of Equilibrium Output, Aggregate Demand curve, Demand side
Equilibrium and Full Employment, Role of Investment and Savings on Goods
Market Equilibrium, Changes on the Demand side: Multiplier Analysis, the Scope of
Government Measures in Goods Market.

4. The Money Market

Money and the banking system: Money and its Function, How the Quantity of Money
is Measured, the Banking System, Money Creation and Money Supply, Importance
of Monetary Policy; Monetary Policy: The Demand for Money, Determining the
Interest Rate: Money Demand-Money Supply-Equilibrium, Monetary Policy and
Open Market Operations, Demand-Supply and Equilibrium for Central Bank Money,
Liquidity Trap.

5. Aggregate Demand, Building and Applying the IS-LM Model

Goods Market and IS Relation, Fiscal Policy, How Fiscal Policy shift the IS Curve,
Financial Markets and LM Relation, How the Monetary Policy shift the LM Curve,
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 The Short-run Equilibrium: Putting the IS-LM Relation Together, Monetary-Fiscal
Policy Mix, IS-LM and Aggregate Demand, IS-LM in Short and Long-run.
6. Aggregate Supply and the trade-off between Inflation and Unemployment
Quantity Theory of Money, Seigniorage, Inflation and Interest Rate, Cost of Inflation,
Hyperinflation, Unemployment Rate, Natural Rate of Unemployment, Frictional
Unemployment, Structural Unemployment, Aggregate Supply, Philips Curve, Policy
Measures regarding Inflation and Unemployment.

7. The Open Economy

Capital Flows and the Balance of Payments, The Role of the Exchange Rate,
Exchange Rate Policy, Exchange Rate and Macroeconomic policy.

Text Books:

1. Oliver Blanchard, Macroeconomics, 4th Edition, Pearson.

2. W.J. Baumol and A.S. Blinder-Macroeconomics-Principles and Policy, 7thEdition,
South-Western Cengage Learning.
3. N. Gregory Mankiw, Macroeconomics, 4th Edition, Worth Publishers.

References

4. Paul Krugman & Robin Wells, Macroeconomics, 4th Edition, Worth Publishers.
5. Robert E. Hall & Marc Liberman, Macroeconomics: Principles and Application, 6th
Edition, South-Western Cengage learning.

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 Course Code: BCC 205
Course Title: Theory & Practices of Taxation
Marks: 100
Credit: 3 hours
(Written: 75, Internal Evaluation: 20 and Viva: 05)

Course Objectives:

The objectives of the course is to acquaint the students with a knowledge of various taxes
specially income tax and value added tax both as to principles and practices. This will help
the students to calculate tax liability of individuals and companies. In addition, the students
should have an understanding of the tax law and practices in the context of Bangladesh.

Course Contents:
1. Introduction: Definition & Characteristics of Tax- Canons of taxation- Objectives of tax -
Classification of tax- Role of tax in the economic development of a country- Tax structure in
Bangladesh.
2. Income Tax: Income & its classification- Definition of income tax- Characteristics of income
tax- Arguments for and against Income Tax- Constituents of income Tax law in Bangladesh –
Role of income tax in the economic development of Bangladesh.
3. Tax Assessment and Collection: Definition and types of assesses- Status of assesses-
Assessment procedure - Types of assessment – Collection of tax – Tax deduction at source -
Refund of tax - Income year & assessment year - E-TIN & its uses.
4. Income Tax Authorities in Bangladesh: Administrative and Judicial authorities- Appeal,
Revision.
5. Different Heads of Income: Income from Salaries - Interest on Securities – House Property –
Agriculture – Business & Professions - Capital gains - Income from other sources.
6. Assessment of Individuals: – Assessment and payment of tax - Tax deducted at source-
Calculation of tax rebate – Calculation of net tax liability - Preparation of tax return with the
form prescribed by NBR.
7. Assessment of Companies: Rate & Rebates – Procedure of assessment – Submission of return
– Withholding of tax – Advance payment of tax – Determination of total income & tax
liabilities of companies.
8. Tax Evasion & Avoidance: Methods & Techniques – Prevention – Offences and Penalties.
9. Value Added Tax: Definition – Arguments for & against VAT –VAT registration – Books to
be maintained – Tax authorities & assessment procedure – VAT agent- Computation of VAT.
Basic Texts:
1. Taxation in Bangladesh: Theory and Practice by Dr. Monjur Morshed Mahmud , Dr. Kanchan
Kumar Purohit, Dr. Milan Kumar Battacharjee and Dr. Md. Abdur Rahman.
2. Bangladesh Income Tax: Theory and Practices by Dr. Nikhil Chandra Shil, Mohammad
Zakaria Masud, Mohammad Faridul Alam.
Reference:
1. GOB- Income Tax Ordinance 1984, Value added Tax Act, Gift Tax Act & Finance Acts.
2. Circulars & Orders Issued by NBR.

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