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