Faculty & Research

Finance and Accounting

About Finance & Accounting Area

The Finance & Accounting area has a multi-disciplinary orientation. Faculty in the area have served on government committees and contributed significantly to several policy-making issues. They have also been involved in providing consultancy services to corporate and governmental organizations. The courses and research interests of the area focus on financial management, management accounting and control, the Indian capital and money market, banking, earnings management, corporate governance, privatization and international finance.

List of Courses

  1. Core

    1. Foundations of Finance (FoF)
    2. Empirical Research in Auditing and Corporate Governance (EACG)
    3. Seminar Course in Empirical Accounting Research (SCEAR - Core + Elective)
    4. Empirical Asset Pricing (EAP)
    5. Asset Pricing (AP)
    6. Seminar Course on Corporate Finance (SCCF)

    Elective 

    1. Market Microstructure (MM)
    2. Corporate Finance in Emerging Markets (CFEM)
    3. Empirical Methods in Corporate Finance (EMCF)
    4. Seminar Course in Empirical Accounting Research (SCEAR)
    5. Seminar Course on Theory and Evidence on Financial Intermediation (TEFI)

Core

1. Financial Accounting, Reporting & Analysis (FRA)
2. Financial Markets (FM)
3. Costing and Control Systems (CCS)
4. Corporate Finance (CF)

           

MBA Elective Courses: 

1. Valuation of Firms (VoF)
2. Financial Statement Analysis (FSA)
3. Venture Investing (VI): A fund perspective
4. Global Finance and Trade (GFT - Jointly offered F&A & Economics Area)
5. Valuation of Real Estate Investments (VREI)
6. Fixed Income Securities (FIS)
7. Finance Analytics (FA)
8. Corporate Financial Strategy (CFS)
9. Asset Backed Securitization (ABS)
10. Optimization Methods in Finance (OMF)
11. Applied Value Investing (AVI)
12. Financial Derivatives (FD)
13. Mergers, Acquisitions and Corporate Restructuring (MACR)
14. Black Swans and Gray Rhinos: Managing under Financial Crises (BSGR)
15. Unlisted Equities & Patient Capital (UEPC)
16. Foundations of Finance (FF)
17. Personal Finance and Wealth Management (PFWM)
18. Analyzing Start-ups (AS)
19. International Banking (InB)
20. Securities Regulation (SR)
21. Banking and Financial Services (BFS)
22. Corporate Governance (CG)
23. AIML in Financial Services (AIML-FS)
24. Business Applications of Derivatives (BAD)
25. Microfinance Management (MFM)

 

1. Valuation of Land and Agribusiness (VLA)
2. Commodities Markets: Implications for Business Decisions and Investments (IBDI)

Core

  1. Financial Reporting and Analysis (FRA)
  2. Corporate Finance (CF)
  3. Strategic Cost Management (SCM)
  4. Financial Markets (FM)

Elective

1. Financial Statement Analysis (FSA)
2. Real Estate Markets (REM)
3. Corporate Financial Strategy (CFS)
4. New Venture Financing (NVF)
5. Valuation of New Economy Firms (VNEF)
6. Demystifying Investments - Private Equity and Venture Capital Financing (PEVC)
7. Mergers, Acquisitions and Corporate Restructuring (MACR)

Core 

1. Financial Accounting, Reporting & Analysis (FRA)
2. Costing and Control Systems (CCS)
3. Financial Markets (FM)
4. Corporate Finance (CF)

Elective 

1. Financial Derivatives and Risk Management (FD)
2. Valuation of New Economy Firms (VNEF)
3. Demystifying Private Equity Investments (DPE)
4. Financial Statement Analysis (FSA)
5. FinTech And Financial Services – Business Models, Risk Management, And Technology (FFS)
6. Global Finance and Trade (GFT)
7. Mergers, Acquisitions and Corporate Restructuring (MACR)
8. New Venture Financing (NVF)
9. International Banking (InB)
10. Real Estate Investments (REI)
11. Wealth Management (WM)

1. Financial Analytics (FA)

Elective

1. Fundamentals of Financial and Management Accounting (FFMA) 

Core

1. Financial Reporting and Analysis (FRA)
2. Costing and Control Systems (CCS)

Elective

1. Analyzing And Managing Start-Ups (AMSU) 

1. Management And Finance for Chartered Accountants
2. Financial Analysis of Business (IIMA)
3. Financial Analysis of Business (Dubai)
4. Financial Reporting and Corporate Governance
5. Managing Startups (IIMA)
6. Managing Startups (Dubai)
7. Financial Analysis and Valuation for Legal Professionals
8. Developing Commercial and Financial Skills for Strategic Business Decisions
9. Mergers, Acquisitions and Corporate Restructuring
10. Executive Program in Business Finance
11. Management and Finance for Chartered Accountants
12. Developing Commercial and Financial Skills for Strategic Business Decisions
13. Management and Finance for Experienced Finance Professionals and Chartered Accountants
14. Strategic Cost Management
15. Leadership Development Programme in Banking and Financial Advanced Certificate in Quantitative Finance: Derivatives Pricing, Machine Learning and Risk Management
16. Wealth Management (Mumbai)
17. Executive Programme in Financial Planning and Investment Advisory, Jointly Offered with Financial Planning Standards Board (FPSB)
18. Strategic Financial Management (Dubai)
19. Executive Programme in Financial Planning and Investment Advisory Services Wealth Management
20. Financial Analysis and Valuation for Legal Professionals
21. Leadership Development Programme in Banking and Financial Services
22. Financial Risk Management
23. Advanced program in Quantitative Finance and Risk Management

 

Message from the Area Chairperson

No other business school's finance department in the country has had the kind of impact on India’s financial sector reforms than the Finance & Accounting (F&A) area at IIMA. From making sense of the Harshad Mehta scam to designing regulations for India's equity and derivatives markets to working on India's financial sector legislative reforms, there has been an imprint of IIMA's F&A area faculty on virtually all aspects of India's financial system. Ever since the institute's inception, and particularly after India's financial market liberalization, IIMA's F&A area faculty have served on important government committees and corporate boards, trained top management and Chief Financial Officers at some of India's largest corporations, and continue to engage in highly relevant and influential research.

Vineet Virmani
Associate Professor

Doctoral Students

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Ph.D. at IIMA

The Ph.D. Programme in Management seeks candidates with outstanding academic credentials, intellectual curiosity and discipline needed to make scholarly contribution to society. It provides a diverse set of opportunities for interdisciplinary learning and research The student becomes part of one of the eleven functional/sectoral areas and acquires the super specialized theoretical knowledge and practical aspects of the area.

Conference:

The Area has conducted an international finance conference titled "India Finance Conference (IFC)" during December 2016 at IIMA jointly organized by the finance areas of IIM-A, IIM-B, and IIM-C.

The Area has also conducted an accounting and finance symposium titled "JAAF Symposium" during January, 2017 and January, 2018 at IIMA in collaboration with Journal of Accounting, Auditing and Finance (JAAF), IIM Bangalore and Indian School of Business (ISB).

Recent Research Projects

  • Earnings management in India: Managers' fixation on operating profits
  • How does regulation affect the relation between family control and reported cash flows? Comparative evidence from India and the United States
  • Strategic and Financial Attributes of E-Commerce Firms: An Empirical Study
  • Pension Reforms in India: Myth, Reality and Policy Choices
  • Is There Seasonality in the Sensex Monthly Returns?
  • Member-Funds and Cooperative Performance
  • Capital Structure and Market Power
  • Regulatory Implications of Monopolies in the Securities Industry
  • Disinvestments and performance of public sector firms

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