PEC803: Economics, Finance, Accounting & Costing Syllabus for PE 8th Sem 2019 Pattern Mumbai University

Economics, Finance, Accounting & Costing detailed syllabus scheme for Production Engineering (PE), 2019 regulation has been taken from the University of Mumbai official website and presented for the Bachelor of Engineering students. For Course Code, Course Title, Test 1, Test 2, Avg, End Sem Exam, Team Work, Practical, Oral, Total, and other information, do visit full semester subjects post given below.

For all other Mumbai University Production Engineering 8th Sem Syllabus 2019 Pattern, do visit PE 8th Sem 2019 Pattern Scheme. The detailed syllabus scheme for economics, finance, accounting & costing is as follows.

Economics, Finance, Accounting & Costing Syllabus for Production Engineering BE 8th Sem 2019 Pattern Mumbai University

Course Objectives:

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Course Outcomes:

Learner will be able to

1. Correlate various micro and macro-economic variables.
2. Analyze various market/business strategies.
3. Illustrate concept of Economic policies and their implications.
4. Demonstrate the roles played by various financial institutions/banks.
5. Analyze various accounting and costing practices.
6. Select best investment method.

Module 1

Introduction Definition of Economy, Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity Cost. Economics, its scope and importance. Introduction to Micro and Macro Economics and their comparison. 04

Module 2

Micro Economics Consumer’s Behavior: meaning of utility, marginal utility and law of Diminishing Marginal Utility. Conditions of consumer’s equilibrium using marginal utility analysis utility, law of demand and relation between law of demand & law of diminishing marginal utility. Producer’s Behavior: law of supply, variation in supply, Types of elasticity of supply. Types of Market: perfect competition, pure competition, Monopoly. 04

Module 3

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Module 4

Financial Environment of Business: Financial Management-Sources of finance-long term and short term finance Working Capital Management- Concept of working capital management, Cash Conversion Cycle, Management of stock ,overtrading Capital Markets Primary Market: Basics of capital market mechanism and instruments. Secondary Market: Basics of stock exchange and their role, Role of SEBI, Role of FIIs, MFs and Investment Bankers .Money Markets: Basics of Mon Mechanism, instruments, and institutions. An Overview of investment Appraisal Methods: NPV method, Payback method, discounted payback period method, IRR, Annual worth method. 10

Module 5

Accounting Mechanics, Process and system: Introducing Book Keeping and Record Maintenance, The concept of Double entry and fundamental principles, Journal, Ledger, Trial Balance and Final accounts. Financial Analysis, Ratio Analysis and comparative balance sheet. Management Accounting: Understanding of Financial Statements (Overview), Interpreting Financial statements (overview). 12

Module 6

Cost and Management Accounting Introduction to cost, Types of cost, Treatment of Overheads, Unit Costing (Cost Sheet), Joint Product Costing, Process Costing, Marginal Costing, Cost Volume Profit Analysis and Decision Making. Budgetary Controls, Standard Costing, concept and Importance of Depreciation and Methods of Depreciation. 16

Assessment:

For the complete Syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdf platform to make students’s lives easier.
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Reference Books:

1. Managerial and Cost Accounting, Larry M. Walther, Christopher J. Skousen.
2. Corporate Finance Principles and Practices, Denzil Watson & Tong Heads, Financial Time Pitman Publisher.
3. Strategic Financial Management, Robert Alan Hill.
4. Basics of Accounting & Information Processing The Accounting Cycle, Larry M. Walther, Christopher J. Skousen.
5. Introduction to Managerial Accounting, Larry M. Walther, Christopher J. Skousen.
6. Essentials of Microeconomics, Krister Ahlersten.
7. Essentials of Macroeconomics, Peter Jochumzen.
8. Banking: An Introduction, Dr. AP Faure, Rhodes University.
9. Financial System: An Introduction, Dr AP Faure, Rhodes University.
10. Central Banking & Monetary Policy: An Introduction, Dr. AP Faure, Rhodes University.

For detail syllabus of all other subjects of Production Engineering (PE) 8th Sem 2019 regulation, visit PE 8th Sem Subjects syllabus for 2019 regulation.