Economics, Finance, Accounting and Costing detailed syllabus scheme for Production Engineering (PR), 2019-20 onwards has been taken from the DBATU official website and presented for the Bachelor of Technology students. For Subject Code, Course Title, Lecutres, Tutorials, Practice, Credits, and other information, do visit full semester subjects post given below.
For 8th Sem Scheme of Production Engineering (PR), 2019-20 Onwards, do visit PR 8th Sem Scheme, 2019-20 Onwards. For the Elective-XI scheme of 8th Sem 2019-20 onwards, refer to PR 8th Sem Elective-XI Scheme 2019-20 Onwards. The detail syllabus for economics, finance, accounting and costing is as follows.
Economics, Finance, Accounting and Costing Syllabus for Production Engineering (PR) 4th Year 8th Sem 2019-20 DBATU
Course Objectives:
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Pre-requisite:
None
Course Outcomes:
At the end of the course, students will be able to:
- Define economy and illustrate the factors influencing it.
- Utilize the fund by considering profit and expenditure.
- Divide the fund into various finance corporation.
- Summarize the fund account by considering income and expenses.
- Illustrate various mechanics of accounting.
- List various types of cost incurred and illustrate the techniques of its planning and control.
Unit 1
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Unit 2
Finance
Contours of finance function in business, goal of finance, profit maximization and others. Sources of finance and their relative importance. Fund allocation, alternative uses of finance. Capital budgeting; need, uses, limitations. Assessment of capital needs; short and long term capital expenditure, project appraisal. Budgetary control; concept, types of budget.
Unit 3
Financial markets
Money markets, bill market, discount houses, call loan market, etc., Capital markets; mutual funds, stock markets, industrial banks, world bank, UTI, IDBI, ICICI, and state finance corporations. Corporate planning; taxation and other financial incentives, objectives of corporate planning, capital expenditure and financial management, financial statements, fund flow and cash flow analysis.
Unit 4
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Unit 5
Mechanics of accounting
Ledger and trial balance based on double entry book keeping. Provision in company law and other legal aspects. Balance sheets, profits and loss statements, annual reports of business enterprises.
Unit 6
Costing
Operating cost; definition, cost of production, cost of sale, labour and material costs, other expenses, variation in elements of operating cost with capacity, production rate; total cost, unit cost, fixed and variable expenses. Cost ascertainment; allocation, apportionment, absorption of overheads and non-production cost; overhead analysis, absorption methods, general considerations. Job costing; factory job costing, contract cost. Unit costing; output and operating cost, simple process costing, normal and abnormal losses in process, waste, scrap, bye-and joint products. Marginal costs and breakdown charges. Cost planning and control, standard cost and budgetary control, setting standards, variance analysis. Cost reduction; tools, techniques and productivity. Depreciation; causes and significance, methods of providing for depreciation, book values, taxes and depreciation. Investments; fixed cost v/s varying capacity, unit cost v/s varying capacity. Comparison of alternatives; selection in present economy, accepting or nor accepting a single alternative of providing equal / unequal services, unequal first cost and unequal lives, evaluation of replacement. Techniques for comparing alternatives; payout periods, rate of return, discounting methods, minimum acceptable rate, net present value, yield, annual capital charge, cash flow, profit incremental discounted cash flow (DCF) returns
Text Books:
- Paul A. Samuelson, Economics Tata McGraw Hill, 14th Ed.
- Prasanna Chandra, Finance Sense- Text and Cases TMH, 2004.
- Jawaharlal, Cost Accounting TMH 2002
Reference Books:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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For detail syllabus of all subjects of Production Engineering (PR) 8th Sem 2019-20 onwards, visit PR 8th Sem Subjects of 2019-20 Onwards.