Focus: Study of accounting principles and financial reporting methods used by businesses.
Details: This subject covers topics like preparation of financial statements, balance sheets, income statements, and understanding accounting standards and principles. The aim is to equip students with the skills to record, classify, and summarize financial transactions.
Focus: Understanding the legal framework that governs businesses, contracts, and commercial transactions.
Details: Business Law explores various legal aspects such as the Indian Contract Act, Sale of Goods Act, Company Law, and consumer protection laws. This subject helps students understand the legal environment in which businesses operate.
Focus: Analyzing the costs involved in business operations and helping in cost control and decision-making.
Details: The Cost Accounting course covers methods for determining and controlling costs, such as job order costing, process costing, and standard costing. Students will learn how to evaluate and optimize production costs for better financial management.
Focus: Application of statistical methods and tools to solve business-related problems.
Details: This subject covers descriptive statistics, probability, sampling theory, and hypothesis testing. It helps students develop the ability to analyze data and make informed decisions based on statistical methods.
Focus: Understanding the taxation system and its impact on businesses and individuals.
Details: The Taxation course covers both direct and indirect taxes, including Income Tax Act, Goods and Services Tax (GST), and tax planning. Students will learn about tax computation, returns, and the implications of taxation on business operations.
Focus: Study of auditing practices, principles, and techniques used to assess financial records and statements.
Details: Auditing involves evaluating financial statements to ensure accuracy and compliance with legal standards. Topics include the role of auditors, audit planning, internal controls, and types of audits (e.g., internal and external audits).
Focus: The use of accounting information for internal decision-making and management purposes.
Details: This subject covers budgeting, financial analysis, break-even analysis, and decision-making techniques. It helps students understand how management accountants analyze financial data to support business strategies and improve performance.
Focus: Understanding the principles of microeconomics and macroeconomics and their application in business environments.
Details: The Economics course covers topics such as demand and supply, elasticity, market structures, inflation, monetary policy, and national income. It equips students with a foundational understanding of economic theories and policies that impact businesses and markets.