✅ BEFA Important topics for SEM Exam

 ✅ UNIT I – Business & Economics Fundamentals


1. What is a Partnership Deed? Features and advantages Types Kinds of Partners


2. Structure of a Business Firm


3. Types of Business Entities (Sole Proprietorship, Partnership, LLP, Joint Stock Company)


4. Limited Liability Companies (LLCs)


6. Sources of Capital for a Company (Conventional & Non-conventional)


6. Non-conventional Sources of Finance


7. Define Economics – Nature, Scope, and Importance


8. Micro and Macro Economics Concepts


9. Significance of Business Economics


10. Theory of the Firm


11. What is National Income? Concepts and Measurement


12. Inflation: Definition, Types


13. Deflation and Money Supply


14. Business Cycle: Features and Phases





✅ UNIT II – Demand & Supply


1. What is Demand? Demand Function and Determinants


2. Law of Demand – Explanation and Exceptions


3. Demand Forecasting: Characteristics, Steps, and Methods


4. Elasticity of Demand – Types, Measurement, and Significance


5. What is Supply? Determinants and Supply Function


6. Law of Supply – Explanation and Determinants




---


✅ UNIT III – Production, Costs & Market Structures


1. Production Function – With One and Two Variable Inputs


2. Types of Production Functions (e.g., Cobb-Douglas)


3. Law of Returns to Scale


4. Short-run and Long-run Cost Functions


5. Types of Costs


6. Nature or Types of Competition


7. Market Structures:

Perfect Competition – Price-Output Determination

Monopoly – Features and Price Determination

Monopolistic Competition – Features

Oligopoly – Characteristics (if required)


8. Product Life Cycle (PLC)


9. Product Life Cycle Based Pricing


10. Types/Methods of Pricing


11. Break-even Analysis – Theory and Problems




✅ UNIT IV – Accounting Principles & Practices


1. Accounting Concepts and Conventions


2. Golden Rules of Accounting


3. Accounting Equation – With Simple Problems


4. Journal Entries and Ledger Postings


5. Trial Balance – With Problems


6. Final Accounts –

Trading Account

Profit & Loss Account

Balance Sheet

(Include Format + Problem Solving)




✅ UNIT V – Financial Accounting & Ratio Analysis


1. What is Financial Accounting?


2. Advantages and Disadvantages of Financial Accounting


3. Ratio Analysis –

Importance

Types:

Liquidity Ratios

Turnover Ratios

Profitability Ratios

Solvency & Leverage Ratios





4. Simple Problems on Ratio Analysis

Comments