Finance & Accounting

About Finance & Accounting

About Us

“Finance & Accounting is the blood of a business" is a commonly accepted piece of wisdom. Finance & Accounting is indeed one of the most critical sectors of economy and thus knowing how to manage it is a sought-after skill in today’s times. The demand for financial skills has always been cosmic which has led to an increase in the number of students opting for education in the Finance & Accounting domain in the present times.

The Finance & Accounting Area of FORE has a rich blend of academic and industry experience in its faculty. Faculty is actively engaged in all three facets: teaching, research and executive education. Faculty bring in their industry experience to classroom relating to different domain areas in Finance & Accounting supported by case studies, simulations, learning through excel and other software. Finance & Accounting subjects impart knowledge across a wide spectrum from basic accounting, financial management to electives which are reviewed every year and based on ‘need of the hour’. In addition, seminar sessions are conducted by the faculty on contemporary topics which are not covered in the regular curriculum to enhance the knowledge of the students.

Apart from academics, the area holds various interactive sessions with eminent corporate and industry leaders through its FORE Economics and Finance Forum (FEFF) that ensures holistic development of the students.

Faculty in the area publish research papers and cases in reputed national and international journals. The area is actively involved in executive education through management development programs, both open and customized.

Faculty Members

The Finance & Accounting area consists of the following members

Prof. Vandana Bhama

PhD (Finance), Department of Management Studies, IIT Delhi; MBA (Finance), Regional Institute of Management (RIMT), Mandi, Gobindgarh, Punjab; B.Com (Hons), Mata Gujri College, Sirhind, Punjab

Prof. Aditya Banerjee

PhD, Indian Institute of Management Ranchi (Accounting and Finance Area); MBA (Finance), Bengal Engineering and Science University, Shibpur (IIEST); PGD in Securities Markets, Indian Institute of Capital Markets; BCom, University of Calcutta.

Prof. Bhaskar Chhimwal

PhD, IIT Bombay; MBA (Finance), FMS, BHU; M.Sc. (Applied Physics), G.B. Pant University of Ag. & Tech., B.Sc. Kumaun University.

Prof. Gaurav Gupta

PhD, IIT Kharagpur; CFA, ICFAI University, Tripura; M. Com, MJP Rohilkhand University, Bareilly; B. Com, MJP Rohilkhand University, Bareilly

Prof. Himanshu Joshi

PhD; MBA (Finance); B.Sc. (Mathematics), CCSU Meerut; FDP (IIM- Ahmedabad); Specialist Diploma in Credit Risk Management, NUS Singapore.

Prof. Pratibha Wasan

PhD, FMS, University of Delhi; UGC NET

Prof. Samta Jain

PhD, IITD; M. Com, Delhi University; B. Com(H), Delhi University

Prof. Tarun K. Soni

FPM, National Institute of Financial Management (Finance); MBA (Finance and Business Economics); M.A (Economics); UGC-NET; B. Com

Prof. Vandana Gupta

PGDM, IIM Ahmedabad; PhD, Finance

Prof. Vikas Pandey

FPM, Indian Institute of Management, Lucknow; MBA (Finance and Accounting), ICFAI Business School Hyderabad; B. Tech (Textile Technology), Government Central Textile Institute Kanpur.

Courses offered by us

The following core courses are offered to the batches in Term-1 and Term-2 which are common across the PGDM, PGDM (IB), PGDM (FM) and PGDM (BDA).

Financial Accounting- Term 1
Corporate Finance- Term 2

In Term-3 Specialization Area Pre-requisite (SAPR) offered are as follows:

Management Accounting (PGDM-FM)
Financial Reporting and Analysis (PGDM-FM)
Financial Markets, Institutions and Services PGDM (BDA)

The elective courses offered are as follows:
Term-4 Term-5 Term-6
Equity Valuation & Portfolio Management Fixed Income Securities and Structured Products Behavioral Finance and Wealth Management
Investment Banking Project Appraisal & Financing Applied Financial Risk Management
Financial Derivatives   Financial Strategies for Value Creation (IIP)
Commercial Banking Practices and Treasury Management   Credit Risk Management (IIP)
PGPX courses offered are:
Term Subjects
Term-1 Financial Accounting
Term-2 Corporate Finance
Term-3 Financial Reporting and Analysis
Term-4 Security Research and Portfolio Management
Project Appraisal and Financing
Financial Derivatives
Management of Financial Services

Activities (including panel discussions/seminar activities by the faculty members) during 20-21

During the academic year 2021-22, the faculty had taken the following activities

Faculty invited as an expert for a Panel discussion on 'Future of Research: Collaboration between Industry and Academia', in the International Conference hosted by JIMS Rohini on December 18th, 2021 at its Rohini campus
Faculty invited as a resource person for the event -the online mega workshop on "Idea Generation to Business Plan" organized by the Centre for Entrepreneurship Development (CED) FORE for a session on "Financial Plan"
Faculty invited as a speaker to address Australian and Indian Entrepreneurs, on the topic of " Obtaining and Managing Money" in a webinar arranged by the University Business School in association with Western Sydney University under the aegis of India-Australia Council on the theme of "Connecting Women Social Entrepreneurs-Bringing India and Australia Together".
Faculty invited as a member of the academic panel by the Federation for World Academic (FWA) annual conclave on the theme of “Leveraging Lockdown Learnings: Implications on Teaching-Learning”

Seminar course conducted by FORE Economics and Finance Forum (FEFF) –

1. ‘Detailed view of U.S Tech Markets’ by Mr. Perth Parikh, Head- Relations and Founding Member Finshiksha
2. ‘Basics of Tableau and Data Analytics’ by Mr. Gunvir Singh Quami, Senior Data Analyst


During the academic year 2021-22, the faculty had taken the following activities

Wasan, P. & Mulchandani, K. (2022). Do Changes in Deferred Revenue Indicate Future Financial Performance? Evidence from India; Journal of International Accounting, Auditing and Taxation

Gupta, G. (2022). CEO's age and investment-cash flow sensitivity. Managerial and Decision Economics, 1–13

Gupta, G. (2021). CEO’s educational background, economic policy uncertainty and investment-cash flow sensitivity: evidence from India, Applied Economics

Gupta, G., Mahakud, J. and Verma, V. (2021). CEO’s education and Investment-cash flow sensitivity: An empirical investigation

Repercussions of COVID-19: is the Indian economy Setting up for a perfect crisis? Sayantan Kundu, Aditya Banerjee, Amarendu Nandy. Tianjin Daxue Xuebao (Ziran Kexue yu Gongcheng Jishu Ban)/Journal of Tianjin University Science and Technology Vol:54 Issue:12

Joshi, H. (2021). Cash holdings or net debt: What matters for firm’s financial policies? Evidence from India, Indian Journal of Finance

Joshi, H., & Chauhan, R. (2021). Determinants of price multiples for technology firms in developed and emerging markets -Variable selection using shrinkage algorithm, Vision – The Journal of Business Perspective

Bhatt, P., & Joshi, H. (2021). ‘Stakeholder’ and ‘resource’ labelled employee treatment practices and firm performance – an integrative review and implications for future research. International Journal of Indian Culture and Business Management.

Gupta, Vandana (2021) Evaluating the Credit Quality of NHPC with EIIF Analysis, Case Centre, 121-0081,2021

Gupta, Ambrish (2021) Nestle India Ltd: Assessment of Financial Impact of Related Party Transactions on the Reporting Entity Case Centre, 121-0076-1, 2021

Gupta, Ambrish (2021) Reliance Industries Limited: Impact of COVID-19 on the Financial Statements Case Centre, 121-0051-8, 2021