I. Accounting – (A) Financial Accounting and (B) Cost & Management Accounting-

(A) Financial Accounting:

(B) Cost & Management Accounting:
Cost concepts and classification; Elements of Cost- Materials, Labour and Overhead; Cost Sheet;
Process Costing (excluding valuation of equivalent products); Budget and Budgetary Control-
Cash, Sales, Flexible Budget; Standard Costing (Only Material and Labour Variances); CVP
Analysis; Fund Flow and Cash Flow Analysis; Ratio Analysis and Interpretation of Financial
Statements.

II. Auditing:
Definition; Principles and Procedures; Types of Audits; Internal Control and Check, Internal
Audit; Vouching; Verification and Valuation of Assets and Liabilities; Auditor’s Report and
Certificate; Investigation; Areas of Auditing- Cost Audit, Management Audit, Tax Audit.

III. Taxation:
Direct and Indirect Taxes; Tax Structure in India; Income Tax – Definition of Assessee, Person,
Previous Year, Assessment Year, Income, Gross Total Income, Net Income; Goods and Services
Tax: Features and Scope, Taxable Event, Types of GST.

IV. Business Mathematics & Statistics:
Business Mathematics- Simple and Compound Interest; Annuity; AP and GP Series; Business
Statistics- Meaning, Uses, Classification of Data; Measures of Central Tendency; Measures of
Dispersion; Index Number; Correlation (Simple and Rank).

V. Business Organisation and Management:
Nature, Scope and Objectives of Business- Business, Economy and Society- Social Responsibility
of Business.
Business Environment- Elements of Environment, Needs for Identifying environmental facilities
and constraints- Features of Business Environment in India.

VI. Business Economics:
Demand and Supply Function- Concept of Equilibrium Price; Price Elasticity of Demand; Basic
Theory of Consumer Behaviour; Cardinal and Ordinal Utility; Indifference Curve and its
Properties.