BEC Syllabus

BUSINESS ENVIRONMENT & CONCEPTS

This section covers knowledge of general business environment and business concepts that a candidate need to know in order to understand the underlying business reasons for, and accounting implications of business transactions and the skills needed to apply that knowledge.

2.5 Hrs of examination in 3 MCQ test lets(Multiple choice questions)

BUS. ENV.1: Sole proprietorship and joint venture, General partnership, Limited Liability partnership, Limited partnership, Limited liability company, Corporation.
BUS. ENV.2: Business cycles and reasons for business fluctuations, Economic measures and reasons for changes in
the economy, Market influences on business strategies, Implications of dealings in foreign currencies.
BUS. ENV.3: Factors affecting financial modelling and decision making, Financial modelling for capital decisions,
Strategies for short-term and long-term financing, Financial Statement and business implications of liquid asset management.
BUS. ENV.4: Introduction to information technology, Roles and responsibilities within the information technology (IT) function, IT fundamentals, Risks, controls, disaster recovery & business continuity, Electronic business.
BUS. ENV.5: Cost measurement and cost measurement concepts, Accumulating and assigning costs, Factors affecting production costs, Financial models used for operating decisions, Forecasting and projection techniques, Planning/Budgeting overview and Planning/budgeting techniques, Budget variance analysis, Organizational performance measures, Benchmarking techniques and best practices.