Engineering Economics and Financial Accounting detailed syllabus for Industrial Engineering & Management (IEM) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the IEM students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Industrial Engineering & Management 7th Sem scheme and its subjects, do visit IEM 7th Sem 2021 regulation scheme. For Elective – Management scheme and its subjects refer to IEM Elective – Management syllabus scheme. The detailed syllabus of engineering economics and financial accounting is as follows.
Course Objectives:
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Unit I
DEMAND & SUPPLY ANALYSIS
Managerial Economics – Relationship with other disciplines – Firms: Types, objectives and goals – Managerial decisions – Decision analysis.Demand – Types of demand – Determinants of demand – Demand function – Demand elasticity – Demand forecasting – Supply – Determinants of supply – Supply function -Supply elasticity.
Unit II
PRODUCTION AND COST ANALYSIS
Production function – Returns to scale – Production optimization – Least cost input -Isoquants – Managerial uses of production function. Cost Concepts – Cost function – Determinants of cost – Short run and Long run cost curves – Cost Output Decision – Estimation of Cost.
Unit III
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Unit IV
FINANCIAL ACCOUNTING (ELEMENTARY TREATMENT)
Balance sheet and related concepts – Profit & Loss Statement and related concepts – -Financial Ratio Analysis – Cash flow analysis – Funds flow analysis – Comparative
financial statements – Analysis & Interpretation of financial statements.
Unit V
CAPITAL BUDGETING (ELEMENTARY TREATMENT)
Investments – Risks and return evaluation of investment decision – Average rate of return – Payback Period – Net Present Value – Internal rate of return.
Course Outcomes:
Students able to
- Upon successful completion of this course, students will acquire the skills to apply the basics of economics and cost analysis to engineering and take economically sound decisions
- Evaluate the economic theories, cost concepts and pricing policies
- Understand the market structures and integration concepts
- Understand the measures of national income, the functions of banks and concepts of globalization
- Apply the concepts of financial management for project appraisal
Text Books:
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Reference Books:
- Chan S.Park, “Contemporary Engineering Economics”, Prentice Hall of India, 2011.
- Donald.G. Newman, Jerome.P.Lavelle, “Engineering Economics and analysis” Engg. Press, Texas, 2010.
- Degarmo, E.P., Sullivan, W.G and Canada, J.R, “Engineering Economy”, Macmillan, NewYork, 2011.
- Zahid A khan: Engineering Economy, “Engineering Economy”, Dorling Kindersley, 2012
- Dr. S. N. Maheswari and Dr. S.K. Maheshwari: Financial Accounting, Vikas, 2009
For detailed syllabus of all the other subjects of Industrial Engineering & Management 7th Sem, visit IEM 7th Sem subject syllabuses for 2021 regulation.
For all Industrial Engineering & Management results, visit Anna University IEM all semester results direct link.