MBA Syllabus

Department of Accounting and Information Systems Jagannath University, Dhaka

First Semester Course No. ACT. 5101 ACT. 5102 ACT. 5103 ACT. 5104 ACT. 5105 Accounting Theory Strategic Management Accounting International Financial Management Accounting for Government and Non-Profit Organizations Accounting Information Systems Title of the Courses

Second Semester Course No. ACT. 5201 ACT. 5202 ACT. 5203 ACT. 5204 ACT. 5205 Title of the Courses Advanced Financial Accounting Corporate Financial Reporting Project Management Production and Operations Management Strategic Management

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DISTRIBUTION OF COURSES, MARKS AND CREDIT POINT

The total marks for the MBA program shall be 1300. Of which 1000 marks shall be for 10 teaching course units, 100 marks for oral examination (Viva-Voce) and 200 marks for an intensive internship program. Total credit points offered in the MBA program shall be 39. The summary of the above information are as follows: Summary of Allotted Courses, Marks and Credits for MBA Program Semester 1st Semester 2nd Semester No. of Courses Marks Credits 05 100 03 05 100 03 Viva-Voce 100 03 Internship/Dissertation 200 06 Teaching Courses = 10 3900 39 Viva-Voce = 01

TOTAL

Students shall appear in the viva-voce examination (oral examination) having 3 credit points at the end of 2nd Semester-final examination. At the end of 2nd semester, a student is required to undergo minimum 3 and maximum 4 months long internship program. Each student is also required to present the report on his/her study/observation before the faculties (or as determined by the chairman of the department) of the Department.

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FIRST SEMESTER COURSE NO. ACT.5101: ACCOUNTING THEORY 1. Evolution of Accounting Thought Early history of Accounting Origin and Growth of Accounting Knowledge and the Double Entry System Industrial Revolution and Development of Accounting Development of Accounting in the 20th Century Accounting Accountability and Economic Development. 2. The Structure of Accounting Theory I. Types of Accounting Theory: Structural (Syntactical) Theories Interpretation (Semantic) Theories Behavior (Pragmatic) Theories. II. Formulation of Accounting Theory: Traditional Approach: Deductive approach Inductive approach Economic approach Electric approach Modern approach: Event approach Decision model approach Behavioral approach Electric approach Predictive approach Human information processing Information Economic approach. III. Foundation of Accounting Theories: Decision Theory Proprietary Theory Entity Theory Measurement Theory Enterprise Theory Information Theory. 3. Conceptual Framework for Accounting and Reporting Basic objectives Subsidiary objectives Information needs Qualitative characteristics of Information needs Qualitative characteristics of Information Fundamentals of Accounting and Reporting Accounting and Reporting Standards Interpretation of Standards Uniformity of Accounting Practices A Statement of Basic Accounting theory (ASOBAT) Basic Concepts and Accounting Principles underlying Financial Statements of Business (APB-4) Objective of Financial Statements (True blood Report) Statement of Accounting Theory and Theory Acceptance (SATTA) Introduction to statement of Financial Accounting Concepts (SFAC: 1-6) Introduction to Statement of Financial Accounting Standards (SFAS). 4. Income Concepts The nature of income Income recognition Income recipients A comparison of accounting and economic concepts of business income Concepts of Capital maintenance. 5. Current Value and General Purchasing Power Accounting Current value accounting Financial reporting in units of general purchasing power Comparison of valuation methods.

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6. Financial Reporting Disclosure Requirements and Ethical Responsibilities Disclosure requirements Authoritative bodies Securities and Exchange Commission Integrated disclosure system Disclosure fraud Duties of Public accountants Ethical responsibilities The professional code of conduct. 7. Accounting Standards & Related Documents Various Committees/ Associations for framing standards, Principle of Accounting International Accounting Standards (IAS) SSAPs FRSs SORPs UITF Abstracts SFAS SFACs FAS International Accounting. 8. Human Resources Accounting Meaning of Human Resources Accounting Uses and objectives of HRA Important Factors in developing HRA in and organization Measurement of Human Resources and their appraisal. Text and References: 1. Chatfield, M., and R. Vangermeersch. 1977. A History of Accounting Thought. New York. NY: Krieger Publishing Co. Inc. 2. Hendriksen, E.S. 1982. Accounting Theory. Homewood, IL: Richard D. Irwin Inc. 3. Porwal, L.S. 2001. Accounting Theory. New Delhi. Tata McGraw Hill, India. 4. Schoeder, R.G., L.D. McCullers and M. Clark. 1987. Accounting Theory Text & Readings. 5th edition. New York. NY: John Wiley & Sons.

COURSE NO. ACT. 5102: STRATEGIC MANAGEMENT ACCOUNTING 1. Strategic Management Accounting Definition; Role of Strategic Management Accounting (SMA); Business Performance factors and their influence on Management and Management Accounting; context of traditional tools and methods of management accounting; relationship between management accounting and strategic management tools, SWOT analysis, value chain analysis, portfolio analyses. 2. Strategic Performance Measurement Traditional Financial Performance Measure: Divisional Profits, Cash Flow, Return on Investment, Residual Income; Limitations of Traditional Methods for Evaluating Segment Performance; Non-financial Performance Measures; Throughput as a Non-financial Performance Measure; Activity-Based Costing and Performance Evaluation; Performance Evaluation in Multinational Selling.

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3. The Calculation of Costs and Prices Target Costing, Establishing a Target Price and Its Relation to the Pricing Strategy; Life Cycle Costing (LCC): context, pros and cons; Life-Cycle Contribution Assessment and Its Impact on Investment Projects; LCC and Management of Research and Development Costs; Costing System For Tactical and Operational Level; Strategic, Tactical and Operational Levels of Analysis (Standard Costing and Variance Analysis) 4. Activity-Based Management ABM, Value/Based Management, Just-In Time : Pull System, Setup and Carrying Costs, The JIT Approach, Due-date Performance, The JIT Solution, Avoidance of Shutdown and Process Reliability, JIT Purchasing Versus Holding Inventories, JITs Limitations, Manufacturing Resource Planning; Total Quality Management: Definition of Quality, TQM Implementation Guidelines, Types of Conformance, Costs of Quality, Types of Quality Costs (QC), Distribution of QC, TQM in Service Organizations, TQM and Management Accountants; Activity-Based Accounting Tools: ABC, ABB, Zero-Based Budgeting, Customer-Profitability Analysis. 5. Responsibility Accounting and Transfer Pricing in Decentralized Organization Decentralization; Advantages and Disadvantages of Decentralization; Responsibility Accounting System; Types of Responsibility Centers; Traditional vs. Contemporary Responsibility Accounting; Limitations of Traditional Responsibility Accounting. Transfer Pricing: Transfer Price; Objectives of Transfer Price; Transfer Pricing Methods; Cost Based Transfer Prices; Market-Based Transfer Prices; Negotiated Transfer Prices; Dual Transfer Pricing; Choosing the Right Transfer Pricing Method; Transfer Price for Service Departments; Multinational Transfer Pricing; Behavioral Implications of Transfer Pricing. 6. Planning and Management Control Definition of Management Control; Objectives of Management Control, Operational Control vs. Management Control, Design of Management Control Systems; Informal Systems and Formal Systems; Open and Closed Loop Control Systems; Feedback; Positive and Negative Feedback; Behavioral Aspects of the Control Process. Queuing Theory; Decision Tree Analysis; Discounted Expected Value of Decision; Game Theory and Investment Analysis; Transportation Model; Shadow Price and Sensitivity Analysis. 7. Balance Scorecard, Benchmarking, EMA and Six Sigma Balanced Scorecard: Measuring Total Business Unit Performance, The BSC Financial perspective customer perspective internal business process perspective Learning and Growth perspective Four perspectives and their sufficiency.

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Benchmarking: Meaning Benefits of Benchmarking Analysis Types of Benchmarking Benchmarking Process TQM and Benchmarking Management Accounting for Benchmarking. Environmental Management Accounting (EMA), Six Sigma. Text: 1. Advanced Management Accounting (Latest Edition) Kaplan, R.S. and A.A. Atkinson. (Prentice Hall) 2. Cost Management: Strategies for Management Decisions (Latest Edition) Hilton, R.W., M.W. Maher and F.H. Selto, 2003. Reference: 1. Managerial Accounting (10th Edition) R.H. Garrison 2. Introduction to Management Accounting (12th Edition) C.T. Horngren

COURSE NO. ACT.5103: INTERNATIONAL FINANCIAL MANAGEMENT 1. Introduction Goal of MNC, Conflict with the MNC goal, Impact of management control, Impact of corporate control, Theories of international business, International business methods, Valuation model for an MNC. 2. International Flow of Funds International flow of funds, balance of payments, Current account, Capital account, International trade flows, Factors affecting international trade flows, International financial institutions. 3. International Financial Markets Motives for investing in foreign markets motives for providing credit in foreign markets, Motives for borrowing in foreign markets, international money market, international credit market, international bond market. 4. Exchange Rate Determination Measuring exchange rate movements, exchange rate equilibrium, Factors that influence exchange rates, speculating on anticipated exchange rates. 5. Forecasting Exchange Rates Why firms forecast exchange rates, Forecasting techniques, Evaluation of forecast performance.

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6. Risk Management Derivative securities, Hedging, Option, Future, Forward, Interest Rate SWAP, Currency, SWAP. 7. Multinational Capital Budgeting Subsidiary vs. parent, Input for multinational capital budgeting, Factors to consider for multinational capital budgeting, Multinational capital budgeting. 8. Country Risk Analysis Why Country Risk Analysis is Important, Political Risk Factors, Financial Risk Factors, Types of Country Risk Assessment, Techniques to Assess Country Risk, Reducing Exposure to host Govt., Takeovers. 9. Short-term Financing and Long-term Financing Euro Notes, Petro Dollars, Euro Dollars, Euro commercial papers, Euro notes, Bond, Shares. Text Book: 1. International Financial Management by Jeff Madura 8th Edition Reference Books: 1. Corporate Finance: Ross, Westerfileld and Jeffy: 9th Edition. 2. Corporate Finance: Brealy Myers.

COURSE NO. ACT. 5104: ACCOUNTING FOR GOVERNMENT AND NON-PROFIT ORGANIZATIONS 1. Introduction History of Government Accounting, Major Concepts of Government Accounting, Nature of Government Accounting, Commercial vs Government Accounting, Government Accounts, General Outline of the System of Accounts, Financial Reporting of the Government Entities. 2. General Fund Accounting Definition of General Fund, Measurement Focus, General Fund Accounting, Adjusting and Closing Entries for the General Funds, Special Items and Extraordinary Items. 3. Special Funds and Government-wide Financial Statements Government Funds Special Revenue Funds, Debt Service Funds, Capital Project Funds, Permanent Funds; Proprietary Funds- Enterprise Funds, Internal Service Funds; Fiduciary Funds Pension Trust Funds, Private-purpose Trust Funds, Agency Funds, Government Financial Reports.
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4. Government Budgeting Definition of Budget, Budgetary Accounting and Control, Budgetary Planning Control and evaluation, Budget Preparation, Legislative Consideration and Action, Budget Execution, Basic Budgetary Terminology Capital vs. Current Budgets, Tentative vs. Enacted Budgets, General vs. Special Budgets, Fixed vs. Flexible Budget, Executive vs. Legislative Budget. 5. Not-for-Profit Entities Financial Reporting for Not-for-Profit Entities, Colleges and universities, Health Care Providers, Voluntary Health and Welfare Organization. 6. Accounting for Local Government Accounting for Municipalities, Accounting or District Council, Taxes and Others Fees may be levied by District Council and Union Councils, Accounts of District Council. Text: Freeman, Shoulders and et. al. Government and Non Profit Accounting Theory and Practice, Ninth Edition.

COURSE NO. ACT. 5105: ACCOUNTING INFORMATION SYSTEMS Part A: AIS Concepts 1. Accounting Information Systems: An Overview Definition and components of AIS, Data & Information, Characteristics of useful Information, Information Overload, Functions of AIS, Reasons for studying AIS, Role of AIS in Value Chair. 2. Overview of Business Processes Functions of AIS, Transaction Cycles, Transaction Processing: Documents and Procedures, Chart of Accounts, Managerial Reports, Internal Control Considerations. 3. Introduction to E-business Introduction to E-business, E-business models, EDI, EFT, FEDI, Effects of E-business in value chain, Success factors of E-business, Encryption, Digital Signature, Digital Certificate, Types of network, LAN configuration models. Part B: Control in AIS 4. Control in Accounting Information Systems Threats to AIS, Overview of control concepts, Internal control classifications, COSO, Internal Control model by COSO, Foundations of IC framework.
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5. Computer based Information Systems Controls and Security Principles of reliable system Availability, Security, Maintainability and integrity; Key general reliability controls. 6. Auditing of Computer-Based Information Systems Nature of Auditing, Internal auditing standard, Types of internal audit work, Overview of audit process, Information systems audit, Risk based audit approach, Computer software and usage, Functions of computer audit software, Operational audit of an AIS. 7. Transaction Cycles Revenue cycle-activities, threats & controls; Expenditure cycle-activities, threats & controls, Production cycle-activities; Human resource cycle-activities, General ledger cycle-activities & threats. Part C: System Design 8. Introduction to Systems Development and Systems Analysis System development life cycle, Steps of SDLC, Players involved in system development, Types of system development plan, Planning techniques, Feasibility analysis, Behavioral aspects of change, System analysis. 9. AIS Development Strategies Purchase of software, Systems acquisition process, In-house and outsourcing software development, Business process reengineering, Prototyping, CASE. 10. Systems Design, Implementation and Operation Conceptual systems design, Physical systems design, Systems implementation process, Operation and maintenance, Factors regarding pre-implementation review. Text: Romney, Marshall B. and Steinbert Paul J., Accounting Information Systems, Ninth Edition, Pearson Education. Reference: Wilkinson, J.W. and Cerullo, M.J., Accounting Information Systems Essential Concepts and Application, third and fourth edition, John Wiley and Sons Inc. Edward Lee Summers, Accounting Information System, Honghton Miffin Company; USA. Stephen A. Moscove, Mark G. Simkin, Nancy A. Bagranoff, Core Concepts of Accounting Information Systems, Fifth edition.

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SECOND SEMESTER COURSE NO. ACT. 5201: ADVANCED FINANCIAL ACCOUNTING 1. An Introduction to International Financial Reporting Standards Development of Accounting and Financial Reporting; Setting Accounting Standards, Need for International Accounting Standards, A brief Overview on IASC; Objectives of Standard Setting under the Constitution of the IASC Foundation; A Brief Overview on IASB Trustee, The IASC Foundation Constitution Review, Standard Advisory Council (SAC), International Financial Reporting Interpretation Committee, IASB Staff, IASB Due Process. 2. Business Combination This section covers issues related to business combinations in which an acquirer (a parent) obtains control of one or more businesses (acquires/subsidiaries). A focus will be on the application of the acquisition method particularly the recognition and measurement of assets acquired, liabilities assumed, and any non-controlling interest in the acquire (IFRS-3). A discussion will be made of accounting for goodwill and other intangibles that arise in a combination. A discussion on the preparation of consolidated and / or separate financial statements will then follow (IAS-27). The included topics are consolidation procedures, disclosure of non-controlling interests, changes in the ownership interests, and the accounting for the loss of control of a subsidiary. 3. Investment in Associates, Interest in Joint Ventures and Special Purpose Entities (SPEs) This section will focus on accounting and reporting issues related to investments in associates or interests in joint ventures and other special purpose entities (IAS-28, IAS-31, IAS-39 and SIC-12). This section first discusses the equity method of accounting for investments in associates when an investor holds significant influences over an associate (investee). It then followed by accounting for interests in joint ventures and the reporting of joint venture assets, liabilities, income and expenses in the financial statements of venturers and investors. The specific issues include a discussion of joint venture types and the application of proportionate consolidation and equity methods in accounting for interest in joint ventures. SPEs are often used as off-balance sheet financing vehicles. Based on the IFRSs and recent research articles, an effort will be made to understand accounting and reporting issues that arise from a relationship between a sponsor and the SPEs that it controls. 4. Consolidation as of the Date of Acquisition This applied section illustrates the consolidation procedures for the preparation of consolidated financial statements of related companies immediately following a business combination.

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5. Consolidation Following Acquisition This section is about consolidating the complete set of financial statements of the parent and its subsidiaries at the end of reporting period. As the accounts are combined, intra group balances, transactions, income and expenses shall be eliminated in full so that the consolidated financial statements present financial information about the group as that of a single entity. This section will further include accounting for consolidated net income, other comprehensive income, retained earnings, and so the consolidated dividends. 6. Inter-company Transfer: Non-Current Assets The inter-company transfer of noncurrent assets requires additional adjustments in the preparation of consolidated financial statements. The section will particularly focus on accounting for intercompany transfers involving depreciable or amortizable assets. 7. Inter-company Inventory Transactions The inter-company transfer of inventory may involve different types of inventory and the transfer may be at cost or at profit or loss. The consolidated process requires that all the income statement effects of the transfer be eliminated and that the inventory be reported at cost in the consolidated balance sheet. 8. Inter-company Indebtedness This section will deal with consolidated accounting for intercompany indebtedness either direct indebtedness between parent and subsidiary or between subsidiaries or indirect indebtedness involving a third party. 9. Consolidated Statement of Cash Flows This section will deal with consolidated cash flow statements. 10. Accounting for Foreign Currency Transactions (IAS-21 & IAS-39) Purchase of merchandise from a foreign supplier, foreign currency transaction gain or loss, Sale of merchandise to a foreign customer, Loan payable in a foreign currency, Loan receivable in a foreign currency. This section will also cover accounting issues for some embedded derivatives. 11. Translation of Financial Statements of Foreign Affiliates Functional currency, Re-measurement of a foreign entitys accounts, Translation of a foreign entitys financial statements. 12. Earnings per Share Summary of regulatory framework; Objectives and Scope of IAS-33; Key Concepts Ordinary share, Dilution, potential ordinary share, Options, Warrants and their equivalents,

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Put Option, Accounting treatment, Presentation and Disclosure; Financial Analysis and Interpretation; Practical problems. 13. Accounting for income taxes (IAS-12) Fundamentals of accounting for income taxes; accounting for net operating losses; financial statement presentation; special issues; asset-liability methods; inter-period tax allocation; deferred income taxes. Texts and References: 1. Baker, R.E. Lembki, V.C., King, T.E. 2008. Advanced Financial Accounting, 8th Edition, McGraw Hill/Irwin. 2. Hilton, M.W., Herauf, D., Modern Advanced Accounting in Canada, 4th Edition, McGraw-Hill/Ryerson. 3. International Accounting Standard Board (IASB), 2009, International Financial Reporting Standards (IFRSs), IASB: Lonadon. 4. Kieso, D.E., J.J. Weygandt, T.D. Warfield, 2006. Intermediate Accounting, John Wiley & Sons. 5. Larsen, E.J., 2006. Modern Advanced Accounting, 10th Edition, McGraw Hill.

COURSE NO. ACT. 5202: CORPORATE FINANCIAL REPORTING 1. Introduction Concept, Objectives, Contents of Annual Report, Importance of Annual Report, Criteria of Effective Reporting, Constraints on full Achievement of the Qualitative Characteristics of Information, Conceptual Framework. 2. Institutional Setting and Development of Financial Reporting Systems Development of Accounting Theory, Development of Accounting Principles, Standard vs. Principles, Financial Accounting Standard Setting Organizations AICPA, FASB, IASs, BASs and Islamic Accounting Standards. 3. Financial Reporting and Disclosure Meaning, Forms and Arrangement of Formal Statements, Basic Questions in Disclosure, Managements Attitude toward Disclosure, Full Disclosure, Adequate Disclosure, Methods of Disclosure Additional Information in Financial Report (Notes of Financial Statements, Chairmans Speech, Directors Report, Auditors Report etc.), Special Items: Related Party Transactions, Events after the Balance Sheet Date, Internet Financial Reporting, International Harmonization of Accounting and Reporting.

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4. Segment Reporting Definition, Need for Segment Reporting, Benefits of Segment Reporting, Operating Segment (as per IFRS-8), Reportable Segments Quantitative Thresholds; Geographical Segments, Disclosing Segmented Information (as per IFRS-8), General Information, Information about Profit or Loss and Other Segmented Items; Entity wide disclosure, Measurement, Segment Revenue, Expenses, Assets, Liabilities: Problems in Segment Reporting. 5. Interim Reporting Concept and Its Importance, Interim Reporting Requirements, Problems in Interim Reporting, Improving Interim Reports. 6. Social and Environmental Reporting Definition, Need, Social Performance, Objectives and Standards of Corporate Social Accounting and Reporting, Social Disclosure in Annual Reports, Approaches to Social Reporting, Various dimensions of the social and environment reporting, Green reporting. 7. Ethical Issues in Financial Reporting Fraudulent Financial Reporting, Ethical Standards for Preparing Financial Statements and Reports, Standards of Ethical Conduct for Members, Resolution of Ethical Conflict, Financial Executives International (EFI) Code of Ethics. 8. Financial Reporting Practices in Bangladesh Reporting Practices in Private, Public and Multinational Corporations. Book Recommended Text: L.S. Porwal: Accounting Theory References: 1. Jawhar Lal: Corporate Financial Reports Theory and Practice. 2. IASB Committee: International Accounting Standards.

COURSE NO. ACT. 5203: PROJECT MANAGEMENT 1. Introduction Concept of Project Characteristics and Usefulness of Industrial & Other Development Projects Types of Projects Project Life Cycle Project Product Life Cycle Project Appraisal and Evaluation Facets of Project Analysis Feasibility Study of Projects Project Management Importance of Project Management and Difficulties in Managing Projects. Page13

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2. Market and Demand Analysis Situational Analysis and Specification of Objectives Sources of Information Conduct Market Survey Characteristics of the Market Methods of Demand Forecasting Uncertainties in Demand Forecasting Market Planning. 3. Technical Analysis Manufacturing Process/Technology Technical Arrangements Material Inputs and Utilities Product Mix Plant Capacity Location and Site Machinery and Equipment Structures and Civil Works Environmental Aspects Project Charts and Layouts Schedule of Project Implementation Need for Considering Alternative. 4. Financial Estimates and Projections Cost of Project Means of Finance Estimates of Sales and Production Cost of Production Working Capital Requirement and its Financing Profitability Projections Projected Cash Flow Statements Projected Balance Sheets. 5. Investment Criteria Nature of Investment Decisions Importance Types of Investment Decisions Investment Evaluation Criteria Payback Period Discounted Payback Period NPV IRR Profitability Index ARR NPV vs. IRR NPV vs. PI: Complex Investment Decisions Projects with Different Lives Investment Decisions under Capital Rationing Income Tax Considerations in Capital Budgeting Project Risk and Required Rate of Return Cost of Capital. 6. Social Cost Benefit Analysis Rationale for SCBA UNIDO Approach Net Benefit in terms of Economic Prices; Shadow Prices Basic Issues, Shadow Pricing of Specific Resources/ Accounting Prices Measurement of Impact on Distribution Savings Impact and its Value Income Distribution Impact Adjustment for Merit and Demerit Goods Little & Mirrless Approach Shadow Prices Shadow Prices of Traded Goods Accounting Price of Non-traded Goods Shadow Wage Rate Accounting Rate of Return. 7. Network Techniques in Project Management Network Techniques for Project Management Development of Project Network Time Estimation Determination PERT/CPM Techniques Network Analysis Network Cost System Project Cost Control Time /Cost Trade off Procedures Resource Constraint in Project Scheduling. 8. Managing Projects in Bangladesh Management of development projects in Bangladesh Project Planning & Processing Procedure in Bangladesh Formulation Appraisal Approval and Implementation
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Project Pro-forma TA Projects Institutions involved in Project Processing in Bangladesh Cost & Time Overruns Problems in Bangladesh Monitoring and Evaluation of Project in Bangladesh Human Aspects of Project Management. Books Recommend: Text Book: Prasanna Chandra: Projects Planning, Analysis, Implementation & Review. Reference Books: 1. 2. 3. 4. B.B. Goel : Project Management Principles and Techniques Skylark Chanda : Managing Projects in Bangladesh R.L. Pitale : Project Appraisal Technique Lock. D : Project Management

COURSE NO. ACT. 5204: PRODUCTION AND OPERATIONS MANAGEMENT 1. Introduction History and Development of Production Management, Production Systems, Types of Production, Production Function and Its Environment, Operation Management and Other Business Specialties, Scope & Function of Production Management, Role of Production Management in Economic Development. 2. Product and Service Design Definition, Product Design and Development Sequence, Lifecycle Involvement with Product, Computer Aided Design, Process, Techniques, The Manufacturing Cycle, Research and Development, Standardization, Simplification. 3. Enterprise Resource Planning Plant Layout, Basic Layout Types, Principles and Factors of Plant Layout, Criteria of a Good Layout, Plant Layout Procedures, Symptoms of Bad Layout, Line Balancing, Flow Pattern, Material Handling, Maintenance and Replacements, Computerized Layout Techniques CRAFT, Assembly Lines, Job Design and Work Measurement. 4. Production Control Definition of Production Planning and Control (PPC), Interaction of PPC with Other Functions, Meaning, Objectives, and Procedures of Routing, Basic Scheduling Techniques PERT/CPM, Gantt Chart, Dispatching and Follow up, Objectives and Benefits of Production Control Principles and Procedures of Production Control.

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5. Inventory Management and Control Definition and Types of Inventory, Costs of Inventory, Inventory Control and Its Purposes, Inventory Models, Inventory Control Systems, Techniques of Inventory Analysis, Materials Requirements Planning (MRP), Just-in-Time (JIT) Production Systems, Organization of Inventory Control. 6. Quality Management and Control Meaning and Dimension of Quality, Quality Control, Costs of Quality, Total Quality Control (TQC) and its Process, Benefits and Problems of Quality Control, Inspection and its Procedures, Statistical Quality Control, Techniques of Statistical Quality Control, Work Measurement, Time Study, Motion Study and Benchmarking. 7. Total Quality Management (TQM) Definition, Basic Approach of TQM, Key Elements, Framework, Benefits, Foundations, Obstacles of TQM, Tools and Techniques of International Organization for Standards (ISO), ISO-9000, ISO-14000 Series Standards, Product Evaluation Standards. Books Recommended 1. 2. 3. 4. 5. Chase and Aquilano : Production and Operations Management K.K. Ahuja : Industrial Management K.C. Jain & L.N. Aggarwal : Production Planning, Control and Industrial Management William J. Stevenson : Production and Operation Management D.H. Besterfield and Others : Total Quality Management

COURSE NO. ACT. 5205: STRATEGIC MANAGEMENT 1. Introduction Meaning of Strategy and Strategic Management Strategic Planning Relationship between a Companys Strategy and its Business Model Importance of Crafting and Executing Strategy Components/Steps of Managerial Process of Crafting and Executing Strategy. 2. Evaluating a Companys External Environment The Strategically Relevant Components of a Companys External Environment Five-forces Model of Competition Factors affecting Competition from Substitute Products Factors affecting the Bargaining Power of Suppliers Factors affecting the Bargaining Power of Buyers. 3. Evaluating a Companys Resources and Competitive Position Identifying the Components of a Single-Business Companys Strategy Identifying Company Resource Strengths and Competitive Capabilities Identifying Company Resource
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Weaknesses and Competitive Deficiencies Identifying a Companys Market Opportunities Identifying the External Threats to a Companys Future Profitability Understanding of Companys Value Chain. 4. The Five Generic Competitive Strategies Low-Cost Provider Strategy Broad Differentiation Strategy Focused Differentiation Strategy Focused Low-Cost Strategy Best-Cost Provider Strategy. 5. Supplementing the Chosen Competitive Strategy Collaborative Strategies Alliances and partnerships Merger and Acquisition Strategies Vertical Integration Strategies Outsourcing Strategies Offensive Strategies Defensive Strategies Website Strategies. 6. Tailoring Strategy to Fit Specific Industry and Company Situations Strategies for Competing in Emerging Industries Strategies for Competing in Rapidly Growing Markets Strategies for Competing in Maturing Industries Strategies for Competing in Stagnant or Declining Industries Strategies for Competing in Turbulent, High-Velocity Markets Strategies for Competing in Fragmented Industries Strategies for Sustaining Rapid Company Growth Strategies for Industry Leaders Strategies for Weak and Crisis-Ridden Businesses 10 Commandments for Crafting Successful Business Strategies. 7. Diversification: - Strategies for Managing a Group of Businesses Meaning of Diversification Strategies for Entering New Businesses Combination of Related and Unrelated Diversification Strategies Evaluating the Strategy of Diversified Company. 8. Executing/Implementing the Strategy Building an Organization Capable of Good Strategy Execution Managing the Internal Operations to Promote Better Strategy Execution Corporate Culture and Leadership Keys to Effective Strategy Execution. 9. Sociology of Work and Work Organizations. 10. Strategy, Ethics and Social Responsibility Understanding of Ethics in Business-management Morality Approaches to Managing a Companys Ethical Conduct Linking a Companys Strategy to its Ethical Principles and Core Values Strategy and Social Responsibility.

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Books Recommended: 1. Thompson, Arthur A. and Strickland III A.J. & Gamble John E., Crafting and Executing Strategy, (16/e), McGraw Hill Irwin. 2. Hill, Charles W.L. and Jones Gareth R., Strategic Management: An Integrated Approach, (7/e), Houghton Miffin Company. 3. Fred R. David, Strategic Management: Concepts and Cases, (10/e), Pearson Prentice Hall. 4. Gregory G. Das & G.T. Lumpkin, Strategic Management: Creating Competitive Advantages, (Latest Edition), McGraw Hill Irwin. 5. Michael A. Hitt, R. Dune Ireland & Robert E. Hoskisson. 6. Strategic Management: Competitiveness and Globalization (6/e), Thompson.

Prepared By: Mohammad Ibrahim Arafat Chowdhury (Zico) Class Representative MBA (2nd Batch) Department of Accounting & Information Systems

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