ECONOMICS,COMMERCE AND MANAGEMENT PROVIDE VIDEOS AND SIMPLE NOTES FOR STUDENTS OF COMMERCE,ECONOMICS AND MANAGEMENT
Saturday, December 19, 2020
Friday, December 18, 2020
THEORY OF PRODUCTION
• • MICRO ECONOMICS
THEORY OF PRODUCTION/SHORT RUN PRODUCTION FUNCTION/LONG RUN PRODUCTION FUNCTION•
BY DR. SHASHI AGGARWAL
•
TIME PERIOD
1. SHORT RUN IS
DEFINED AS THAT PERIOD OF TIME IN WHICH ONE OR MORE FACTORS OF PRODUCTION OR
INPUTS ARE FIXED AND OTHER ARE VARIABLE
2. IN SHORT RUN
THERE ARE BOTH VARIABLE INPUTS AND FIXED INPUTS
3. IF PRODUCER WANTS TO EXPAND OUTPUT HE CAN DO SO BY USING MORE RAW MATERIALS AND HOURS OF LABOUR SERVICE WITH THE EXISTING PLANT AND MACHINERY AND VICE VERSA
Wednesday, December 16, 2020
PRICE MECHANISM AND PLANNING
• PRICE MECHANISM AND PLANNING
•
DEVELOPMENT ECONOMICS
•
DR SHASHI AGGARWAL
• MEANING OF PRICE MECHANISM
FINANCIAL STATEMENTS--NATURE AND ATTRIBUTES OF FINANCIAL STATEMENTS
•
FINANCIAL STATEMENTS
• UGC NET COMMERCE/MANAGEMENT
•
ACCOUNTING FOR MANAGEMENT DECISIONS
•
DR SHASHI AGAGRWAL
•
MEANING AND DEFINITIONS
•
MAY REFER TO ANY FORMAL AND ORIGINAL STATEMENTS WHICH DISCLOSE FINANCIAL
INFORMATION TO ANY BUSINESS CONCERN. OUTCOME OF SUMMARISING PROCESS OF
ACCOUNTING. ALSO CALLED FINANCIAL REPORTS
• THE FINANCIAL STATEMENTS ARE PREPARED ON THE BASIS OF RECORDED FACTS.
Tuesday, December 15, 2020
Saturday, December 12, 2020
Friday, December 11, 2020
Wednesday, December 9, 2020
ACCOUNTNG CYCLE &ACCOUNTING TERMNILOGY
•
ACCOUNTING CYCLE AND ACCOUNTING TERMNILOGY
•
BY DR SHASHI AGGARWAL
•
ACCOUNTING CYCLE
- ACCOUNT CYCLE IS A STEP BY STEP PROCESS OF RECORDING, CLASSFICATION AND
SUMMARIZATION OF ECONOMIC TRANSACTIONS OF A BUSINESS.
- IT GENERATES USEFUL FINANCIAL INFORMATION IN THE FORM OF FIANCIAL STATEMENTS INCLUDING INCOME STATEMENTS BALAANCE SHEETS, CASH FLOW STATEMENTS AND STATEMENT OF CHANGES IN EQUITY.
Monday, December 7, 2020
DOUBLE ENTRY SYSTEM
- DOUBLE ENTRY SYSTEM
- BUSINESS ACCOUNTING/ACCOUNTING FOR MANAGEMENT
- DR. SHASHI AGGARWAL
- DOUBLE
ENTRY SYSTEM
- MEANING
- FEATURES.ADAVANATGES AND DISADVANTAGES
- TRADITIONAL APPROACH
- MODERN APPROACH
- DOUBLE ENTRY SYSTEM
- LUCA FRIAR PACILOI ----FATHER OF
MODERN ACCOUNTING
- FIRST PRINTED BOOK ON DOUBLE ENTRY BOOK KEEPING ---SUMMA DE ARTHIMETICA
GEOMETRICS PROPORTION ET PROPORTIONALITA
- METHOD OF ARRANGING ACCOUUNT IN
SUCH A WAY THAT THE DUAL ASPECT WOULD BE EXPRESSED BY A DEBIT AMOUNT AND
EQUAL AND OFFSETTING CREDIT ACCOUNT
- MEANING
- DOUBLE ENTRY SYSTEM IS THE SYSTEM UNDER WHICH EACH TRANSACTION IS
REGARDED TO HAVE TWO FOLD ASPECTS AND BOTH THE ASPECTS ARE RECORDED TO
OBTAIN COMPLETE RECORD OF DEALINGS. EACH TRANSACTION THE DEBIT AMOUNT MUST
BE EQUAL TO CREDIT
- DUAL CONCEPT IS THE BASIS OF ACCOUNTING EQUATION. UNDER THIS CONCEPT :-
- EQUITIES = ASSETS
- CAPITAL + LIABILITIES = ASSETS
Sunday, December 6, 2020
Wednesday, November 25, 2020
Tuesday, November 24, 2020
Wednesday, November 18, 2020
CREDIT RATING
–
CREDIT RATING
FINANCIAL SERVICES AND MARKETS
MEANING.FUNCTIONS,
FEATURES
MERITS
–
DR. SHASHI AGGARWAL
–
MEANING AND DEFINITION OF CREDIT RATING
–
CREDIT RATING IS AN ANALYSIS OF THE CREDIT RISK
ASSOCIATED WITH A FINANCIAL INSTRUMENT OR A FINANCIAL ENTITY. IT IS RATING
GIVEN TO PARTICULAR ENTITY BASED ON THE CREDENTIALS AND EXTENT TO WHICH THE
FINANCIAL STATEMENTS OF THE ENTITY ARE SOUND IN TERMS OF BORROWING AND LENDING
THAT HAS BEEN DONE IN THE PAST.
– IS SIMPLY OPINION ON THE FUTURE ABILITY AND LEGAL OBLIGATION OF AN ISSUER TO MAKE TIMELY PAYMENTS OF PRINCIPAL AND INTEREST ON SPECIFIC FIXED INCOME SECURITY,
Wednesday, November 11, 2020
Thursday, November 5, 2020
Monday, November 2, 2020
Friday, October 30, 2020
Thursday, October 29, 2020
Wednesday, October 28, 2020
INFLATION
- INFLATION
- MACRO ECONOMICS
- DR SHASHI
AGGARWAL
- NET MANAGEMENT UNIT
1
- MEANING OF
INFLATION
- A PERSISTENT RISE IN PRICES IS CALLED INFLATION.
Tuesday, October 27, 2020
Monday, October 26, 2020
ELASTICITY OF DEMAND
ELASTICITY OF DEMAND
MICRO ECONOMICS/BUSINESS ECONOMICS/CA/CMA/CS FOUNDATION
DR SHASHI AGGARWAL
MEANING
OF ELASTICITY OF DEMAND
Tuesday, October 20, 2020
LITTLE-MIRRLESS MODEL ( L-M APPROACH OF SCBA)/SCBA PART 3
- SOCIAL COST BENEFIT ANALYSIS 3
THE LITTLE –MIRRLEES APPROACH - DR SHASHI AGGARWAL
- PROJECT MANAGEMENT
- THE LITTLE
–MIRRLEES APPROACH
- I.M.D LITTLE AND JAMES A. MIRRELESS HAVE DEVELOPED A MODEL KNOWN AS L-M MODEL OF SOCIAL COST BENEFIT ANALYSIS.
- I.M.D LITTLE AND JAMES A MIRRLEES PRODUCED THE MANUAL OF INDUSTRIAL PROJECTS ANALYSIS IN DEVELOPING COUNTRIES IN 1968 FOR DEVELOPMENT CENTRE OF THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT ( OECD)
Monday, October 19, 2020
UNIDO APPRAOCH/SOCIAL COST BENEFIT ANALYSIS PART 2
- UNIDO APPROACH
- FAMOUS ECONOMISTS STEPHEN
MARLIN,AMARTYA SEN AND PARTHA DAS GUPTA PREPARED A MANUAL
- IT PUBLISHED THIS MANUAL IN 1972 UNDER THE TITLE “GUIDELINES FOR PROJECTS EVALUATION” IT BROUGHT ANOTHER MANUAL TITLED “GUIDE TO PARTICULAR PROJECT APPRAISAL” TO SIMPLIFY THE COST BENEFIT ANALYSIS OF PROJECTS FOR PRACTICAL
Sunday, October 18, 2020
Friday, October 16, 2020
CAPACITY OF CONTRACT/INDIAN CONTRACT ACT 1872/CHAPTER 3 OF BUSINESS LAW
- CHAPTER 3
CAPACITY OF PARTIES
- CAPACITY OF
PARTIES
- FOR A VALID CONTRACT, THE PARTIES TO A CONTRACT MUST HAVE CAPACITY.
- EVERY PERSON IS PRESUMED TO CONTRACT MUST HAVE CAPACITY BUT THERE ARE
CERTAIN PERSONS WHO’S AGE, CONDITION OR STATUS RENDERS THEM INCAPABLE OF
BINDING THEMSELVES BY A CONTRACT.
- SECTION 10 ALL AGREEMENTS ARE CONTRACT IF THEY ARE MADE BY THE PARTIES COMPETENT TO ENTER INTO CONTRACT
Thursday, October 15, 2020
Wednesday, October 14, 2020
Tuesday, October 13, 2020
SOCIAL COST BENEFIT ANALYSIS PART 1
• SOCIAL COST BENEFIT ANALYSIS
PROJECT MANAGEMENT
• BY DR. SHASHI AGGARWAL
•
SOCIAL COST BENEFIT ANALYSIS
•
THE MAIN OBJECTIVES OF AN INDIVIDUAL,A FIRM OR A COMPANY IN INVESTING ON A
PROJECT IS TO EARN THE MAXIMUM POSSIBLE RETURN FOR THE INVESTMENT,THE PROJECT PRMOTERS ARE
SOLELY INTERSTED IN WEALTH MAXIMZATION
•
SOME PROJECTS THAT MAY NOT OFFER ATTRATCIVE RETURN AS FAR AS COMMERICAL
PROFITABILITY IS CONCERNED BUT STILL SUCH PROJECTS ARE UNDERTAKEN THEY HAVE
SOCIAL IMPLICATIONS. LIKE THEY ARE PUBLIC PROJECTS :
1.
ROADS,RAILWAYS,BRIDGE,TRANSPORT PROJECTS,IRRIGATION PROJECTS ETC
2. HERE SOCIAL CONSIDERATION PLAY A SIGNIFICANT ROLE AND THEY ARE EVALUATED FOR THEIR NET SOCIO ECONOMIC BENEFITS AND PROFITABILITY ANALYSIS OF SUCH PROJECTS IS KNOWNS AS NATIONALITY PROFITABILITY ANALYSIS.
Monday, October 12, 2020
DEFINITION OF ECONOMICS
DEFINITION OF ECONOMICS- WEALTH DEFINITION
- WELFARE
DEFINITION
- SCARCITY
DEFINITION
- GROWTH
DEFINITION
·
MICRO ECONOMICS
·
DR SHASHI AGAGRWAL
- MEANING OF
ECONOMCS
- ECONOMICS IS
DERIVED FROM THE GREEK WORD ,” OIKONOMIA”WHICH
CAN BE DIVIDED INTO TWO PARTS:-
- OIKOS WHICH MEANS
HOUSE
- NEMEIN WHICH
MEANS MANAGEMENT
· MANAGEMENT OF HOUSEHOLD WITH LIMITED FUNDS