BEFA
BEFA
BEFA
Course Objective: To learn the basic Business types, impact of the Economy on Business
and Firms specifically. To analyze the Business from the Financial Perspective.
Course Outcome: The students will understand the various Forms of Business and the
impact of economic variables on the Business. The Demand, Supply, Production, Cost,
UNIT- III
Production, Cost, Market Structures & Pricing:
Production Analysis: Factors of Production, Production Function, Production Function with
one variable input, two variable inputs, Returns to Scale, Different Types of Production
Functions.
Cost analysis
analysis: Types of Costs, Short run and Long run Cost Functions.
Market Structures
Structures: Nature of Competition, Features of Perfect competition, Monopoly,
Oligopoly, and Monopolistic Competition.
Pricing: Types of Pricing, Product Life Cycle based Pricing, Break Even Analysis, and Cost
Volume Profit Analysis.
UNIT-IV
Financial Accounting: Accounting concepts and Conventions, Accounting Equation,
Double-Entry system of Accounting, Rules for maintaining Books of Accounts, Journal,
Posting to Ledger, Preparation of Trial Balance, Elements of Financial Statements,
Preparation of Final Accounts.
UNIT -V
Financial Analysis through Ratios:
Concept of Ratio Analysis, Liquidity Ratios, Turnover Ratios, Profitability Ratios,
Proprietary Ratios, Solvency, Leverage Ratios (simple problems).
Introduction to Fund Flow and Cash Flow Analysis (simple problems).
TEXT BOOKS:
1. D. D. Chaturvedi, S. L. Gupta, Business Economics - Theory and Applications,
International Book House Pvt. Ltd. 2013.
2.
3. Geethika Ghosh, Piyali Gosh, Purba Roy Choudhury, Managerial Economics, 2e,
Tata Mc Graw Hill Education Pvt. Ltd. 2012.
REFERENCES:
1. Paresh Shah, Financial Accounting for Management 2e, Oxford Press, 2015.
2. S. N. Maheshwari, Sunil K Maheshwari, Sharad K Maheshwari, Financial
Accounting, 5e, Vikas Publications, 2013