Unit 1: Business Environment and International Business
Unit 2: Accounting and Auditing
Unit 3: Business Economics
Unit 4: Business Finance
Unit 5: Business Statistics and Research Methods
Unit 6: Business Management and Human Resource Management
Unit 7: Banking and Financial Institutions
Unit 8: Marketing Management
Unit 9: Legal Aspects of Business
Unit 10: Income-tax and Corporate Tax Planning
Unit 1: Business Environment and International Business
Concepts and elements of business environment: Economic environment- Economic
systems, Economic policies(Monetary and fiscal policies); Political environmentRole of government in business; Legal environment- Consumer Protection Act,
FEMA; Socio-cultural factors and their influence on business; Corporate Social
Responsibility (CSR)
Scope and importance of international business; Globalization and its drivers; Modes
of entry into international business
Theories of international trade; Government intervention in international trade; Tariff
and non-tariff barriers; India’s foreign trade policy
2
Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types of
FDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’s
FDI policy
Balance of payments (BOP): Importance and components of BOP
Regional Economic Integration: Levels of Regional Economic Integration; Trade
creation and diversion effects; Regional Trade Agreements: European Union (EU),
ASEAN, SAARC, NAFTA
International Economic institutions: IMF, World Bank, UNCTAD
World Trade Organisation (WTO): Functions and objectives of WTO; Agriculture
Agreement; GATS; TRIPS; TRIMS
Unit 2: Accounting and Auditing
Basic accounting principles; concepts and postulates
Partnership Accounts: Admission, Retirement, Death, Dissolution and Insolvency of
partnership firms
Corporate Accounting: Issue, forfeiture and reissue of shares; Liquidation of
companies; Acquisition, merger, amalgamation and reconstruction of companies
Holding company accounts
Cost and Management Accounting: Marginal costing and Break-even analysis;
Standard costing; Budgetary control; Process costing; Activity Based Costing (ABC);
Costing for decision-making; Life cycle costing, Target costing, Kaizen costing and
JIT
Financial Statements Analysis: Ratio analysis; Funds flow Analysis; Cash flow
analysis
Human Resources Accounting; Inflation Accounting; Environmental Accounting
Indian Accounting Standards and IFRS
Auditing: Independent financial audit; Vouching; Verification ad valuation of assets
and liabilities; Audit of financial statements and audit report; Cost audit
Recent Trends in Auditing: Management audit; Energy audit; Environment audit;
Systems audit; Safety audit
Unit 3: Business Economics
Meaning and scope of business economics
Objectives of business firms
Demand analysis: Law of demand; Elasticity of demand and its measurement;
Relationship between AR and MRConsumer behavior: Utility analysis; Indifference curve analysis
Law of Variable Proportions: Law of Returns to Scale
3
Theory of cost: Short-run and long-run cost curves
Price determination under different market forms: Perfect competition; Monopolistic
Capital budgeting decisions: Conventional and scientific techniques of capital
budgeting analysis
Working capital management; Dividend decision: Theories and policies
Risk and return analysis; Asset securitization
International monetary system
Foreign exchange market; Exchange rate risk and hedging techniques
International financial markets and instruments: Euro currency; GDRs; ADRs
International arbitrage; Multinational capital budgeting
Unit 5: Business Statistics and Research Methods
Measures of central tendency
Measures of dispersion
Measures of skewness
Correlation and regression of two variables
Probability: Approaches to probability; Bayes’ theorem
Probability distributions: Binomial, poisson and normal distributions
Research: Concept and types; Research designs
Data: Collection and classification of data
Sampling and estimation: Concepts; Methods of sampling – probability and nonprobability methods; Sampling distribution; Central limit theorem; Standard error;
Statistical estimation
Hypothesis testing: z-test; t-test; ANOVA; Chi–square test; Mann-Whitney test (Utest); Kruskal-Wallis test (H-test); Rank correlation test
Report writing
Unit 6: Business Management and Human Resource Management
Principles and functions of management
4
Organization structure: Formal and informal organizations; Span of control
Responsibility and authority: Delegation of authority and decentralization
Motivation and leadership: Concept and theories
Corporate governance and business ethics
Human resource management: Concept, role and functions of HRM; Human resource
planning; Recruitment and selection; Training and development; Succession planning
Compensation management: Job evaluation; Incentives and fringe benefits
Performance appraisal including 360 degree performance appraisal
Collective bargaining and workers’ participation in management
Personality: Perception; Attitudes; Emotions; Group dynamics; Power and politics;
Conflict and negotiation; Stress management
Organizational Culture: Organizational development and organizational change
Financial markets: Money market; Capital market; Government securities marketFinancial Institutions: Development Finance Institutions (DFIs); Non-Banking
