(B) Cost Accounting:
Concept of Cost Control - Standard Costing, Ascertainment of Variances, Modalities of investigation of Variances; Budgetary Control; Marginal Costing and Break-even Analysis; Cost reduction and Value Analysis; Activity Based Costing - its application and limitations.

(C) Taxation and Auditing:
Income Tax Law and Rules with reference to assessment of Companies, advance payment of tax, tax deduction at source, refund of tax; Value Added Tax.
Audit of Companies, Appointment, Rights, Duties and Liabilities of Auditor; Management audit - Performance and Efficiency Audit; Cost Audit.

(D) Financial Management:
Objectives of Financial Management; Financial Planning - Capital structure, Theories, Leverages, Cost of Capital; Working Capital Management; Capital Budgeting under certainty and uncertainty; Dividend decisions; Risk Measurement - Systematic and Unsystematic.

(E) Business Statistics:
Probability; Statistical Decision Theory; Sampling; Testing significance of results - Parametric and Nonparametric Tests.