Part A: Business Mathematics

Part B: Logical Reasoning

Part C: Statistics

Part A: 40 Marks

Part B: 20 Marks

Part C: 40 Marks

• 
  Meaning and Scope of Accounting.
• Accounting concepts, principles and conventions.
• Capital and revenue expenditure, capital and revenue receipts,contingent assets and contingent liabilities.
• Accounting Policies.
• Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.

• 
  Recording accounting transactions: principles of double entrybook-keeping, books of original entry-journal,subsidiary books,cash book, ledger-format,posting from journals and subsidiary books,balancing accounts.
• Preparation Of Trial Balance.
• Rectification Of Errors

• 
  Final accounts of partnership firms and LLP.
• Admission, retirement and death of a partner including treatment of goodwill.
• Dissolution of partnership firms and LLPs including piecemeal distribution of assets

• 
  Definition Of Shares And Debentures.

• Issue Shares And Debentures,forfeiture of shares,reissue of forfeited shares.

• Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).

• Accounting For Bonus Issue And Right Issue.

• students become familiar with fundamental statistical and quantitative concepts and apply them to situations in business, finance, and economics.
• to improve your ability to reason logically.

• 
  ◦ Simple Interest
• ◦ Compound Interest
• ◦ Nominal and Effective Rate of Interest
• ◦ Present Value
• ◦ Net Present Value
• ◦ Future Value
• ◦ Perpetuity
• ◦ Annuities
• ◦ SinkingFunds
• ◦ Calculating EMI
• Calculations of Returns:Nominal and Effective rate of Return
• Compound Annual Growth Rate(CAGR)

Basic Problems of an Economy and Role of Price Mechanism

• 
  Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.

• Theory of Consumer’s Behaviour –Indifference Curve approach.

• Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency

• 
  Meaning and Factors of Production, Short Run and Long Run.

• Law of Production–The Law of Variable Proportions and Laws of Returns to Scale,Producer’s Equilibrium.

• Concepts of Costs – Short-run and long-run costs, Average and Marginal Costs, Total, Fixed andVariable Costs

• 
  Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to study Oligopoly.

• Price Determination in these Markets.

• Price- Output Determination under different Market Forms

• 
  Macro Economic Aggregates and Measurement of National Income
• Determination of National Income: Keynes’ Two Sector Basic Model,Three Sectors and Four Sectors Models

• 
  Fiscal functions:AnOverview, Centre and StateFinance.
• MarketFailure/Government Intervention To Correct Market failure.
• Process of budget making: Sources of Revenue, Expenditure Management, and management of Public Debt.
• FiscalPolicy

• 
  Concept of Money Demand
• Important theories of Demand for Money
• Concept of Money Supply, Cryptocurrency Another New Terminology
• Monetary Policy

• 
  Theories of International Trade including theories of intra-industry trade Krugman.
• TradePolicy–TheInstrumentsofTradePolicy.
• TradeNegotiations.
• ExchangeRatesanditseconomiceffects.
• International Capital Movements: Foreign Direct Investment

• 
  Before 1950- Chanakya and Nand Vansh
• OECD Paper (1950-1991),
• Basic knowledge 1991 Onwards