Sem4 Syllabus Du

Business Statistics
Unit 1: Descriptive Statistics

Measures of Central Tendency: Concept and properties of averages including Arithmetic
mean, Median and Mode. Measures of Dispersion: An overview of Range, Quartile
Deviation and Mean Deviation; Standard deviation; Variance and Coefficient of variation.
Moments: Computation and significance; Skewness; Kurtosis.
Unit 2: Probability and Probability Distributions

Theory and approaches to probability; Probability Theorems: Addition and Multiplication;
Conditional probability and Bayes‘ Theorem. Expectation and variance of a random
variable. Discrete Probability distributions: Binomial and Poisson (Properties and
Applications). Normal distribution: Properties of Normal curve; Computation of Probabilities
and Applications.
Unit 3: Simple Correlation and Regression Analysis

Correlation Analysis: Meaning and types of Correlation; Correlation Vs Causation;
Pearson‘s coefficient of correlation (computation and properties); Probable and standard
errors; Rank correlation. Regression Analysis: Principle of least squares and regression
lines; Regression equations and estimation; Properties of regression coefficients;
Relationship between Correlation and Regression coefficients; Standard Error of Estimate
Unit 4: Time Series Analysis

Time Series Data; Components of time series; Additive and Multiplicative models. Trend
analysis; Fitting of trend using principle of least squares – linear and second-degree
parabola. Shifting of Origin and Conversion of annual linear trend equation to
quarterly/monthly basis and vice-versa.
Unit 5: Index Numbers

Meaning and uses of index numbers. Construction of Index numbers: Methods of
Laspeyres, Paasche and Fisher‘s Ideal index. Construction and Utility of Consumer Price
Indices; BSE SENSEX, and NSE NIFTY.
Cost Accounting
Unit 1: Introduction
Meaning, scope, objectives and advantages of cost accounting; Difference between
financial and cost accounting. Cost concepts and classifications, Overview of elements of
cost and preparation of Cost Sheet for manufacturing sector. Role of a cost accountant in
an organisation. Cost Accounting Standards (CAS – 4 on Cost of Production / Acquisition /
Supply of Goods / Provision of Services) and (CAS – 22 on Manufacturing Cost) as
amended from time to time.
Unit 2: Elements of Cost : Material and Employee Cost

(a) Materials: Accounting and control of purchases, storage and issue of materials.
Techniques of inventory control, Periodic and perpetual systems of maintaining inventory
records, an overview of methods of pricing of materials issues — FIFO, LIFO and Weighted
Average price method, Valuation of materials as per CAS – 6 on Material Cost, Accounting
treatment of losses— Wastage, scrap, spoilage and defectives
(b) Employee (Labour) Cost: Accounting and Control of employee cost. Time-keeping and
time-booking. Employee turnover: meaning, methods of measurement and accounting
treatment. Concept and treatment of idle time and overtime. Methods of wage payment and
Incentive schemes- Halsey, Rowan, Taylor‘s differential piece wage.
Unit 3: Elements of Cost:

Overheads Classification, allocation, apportionment and absorption of overheads, Under
and over- absorption of overheads; Capacity Levels and Costs; Treatments of certain items
in costing like interest and financing charges, packing expenses, bad debts, research and
development costs.
Unit 4: Methods of Costing

Job costing, Contract costing, Process costing (including process losses, valuation of
work-in-progress). Service costing (only transport)
Unit 5: Cost Accounting Book-Keeping Systems

An overview of integral and non-integral systems; Reconciliation of cost accounting profit
with financial profits.
International Business
Unit 1: Introduction to International Business

Globalization - concept, significance and impact on international business; international
business contrasted with domestic business; complexities of international business;
internationalization stages and orientations; modes of entry into international businesses.
Unit 2: International Business Environment

Role of political and legal systems in international business; cultural environment of
international business (including Hofstede‘s dimensions of culture); implications of
economic environment for international business.
Unit 3: International Trade and BOP

Theories of international trade – Theory of Absolute Advantage theory, Theory of
Comparative Advantage, Factory Proportions theory and Leontief paradox, Product Life
Cycle theory, Theory of National Competitive Advantage; Instruments of trade control.
Balance of payments (BOP) statement and its components
Unit 4: Regional Economic Integration and International Economic Organisations

Forms of regional economic integration; Integration efforts amongst countries in Europe,
North America and Asia: EU, USMCA, SAARC and ASEAN; Cost and benefits of regional
economic integration. International Economic Organisations: WTO- functions, structure and
scope; World Bank and IMF.
Unit 5: International finance and contemporary issues in IB

Types of FDI - Greenfield investment, Mergers & Acquisition, strategic alliances; benefits
and drawbacks of FDI. Overview of exchange rate systems. Contemporary issues in
international business: Outsourcing and its potential for India; international business and
sustainable development.

Sem4 Syllabus Du

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Sem4 Syllabus Du

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Business Statistics

Unit 1: Descriptive Statistics

Unit 2: Probability and Probability Distributions

Unit 3: Simple Correlation and Regression Analysis

Unit 4: Time Series Analysis

Unit 5: Index Numbers

Unit 2: Elements of Cost : Material and Employee Cost

Unit 3: Elements of Cost:

Unit 4: Methods of Costing

Unit 5: Cost Accounting Book-Keeping Systems

Unit 1: Introduction to International Business

Unit 2: International Business Environment

Unit 3: International Trade and BOP

Unit 4: Regional Economic Integration and International Economic Organisations

Unit 5: International finance and contemporary issues in IB

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