CEO716 Engineering Economics and Accountancy

1. Engineering Economics: Introduction to Engineering Economics
– Fundamental concepts – Time value of money – Cash flow
and Time Diagrams – Choosing between alternative investment
proposals.

2. Methods of Economic analysis. The effect of borrowing on
investment- Various concepts of National Income – Significance
of National Income estimation and its limitations.

3. Inflation –Definition – Process and Theories of Inflation and
measures to control, New Economic Policy 1991 – Impact on
industry.

4 Accountancy: Accounting Principles, Procedure – Double entry
system – Journal – Ledger, Trail Balance – Cash Book –
Preparation of Trading, Profit and Loss Account – Balance
sheet.

5 Cost Accounting – Introduction – Classification of costs –
Methods of costing – Techniques of costing – Cost sheet and
preparation of cost sheet- Breakeven Analysis – Meaning and its
application, Limitations.

Reading:
1. Engineering Economic Principles, Henry Malcom Stenar- McGraw Hill Pub.
2. “Modern Economic Theory”, Siltan Chand & Co.
3. Agrawal AN, “Indian Economy”, Dewett K.K., - Wiley Eastern Ltd, New Delhi.
4. “Accounting Part-I’, Jain and Narang - Kalyani Publishers.
5. “Cost Accounting”, Arora, M.N. - Vikas Publications.