Fundamentals of auditing (An introduction), Objective and General Principles Governing, Reasonable Assurance, Legal Consideration regarding Auditing Rights, Duties and Liabilities of Auditor,Liabilities of an Auditor, Books of Account & Financial Statements, Understanding the Entity and Its Environment, Documenting the Internal Control System, Evaluating the Internal Control System,Internal Control Questionnaire, Audit Tests, Substantive Procedures Audit Evidence, Sufficient Appropriate Audit Evidence & Testing the Sales System. Testing The Sales System, Testing the Purchases System, Testing the Payroll System, Testing the Cash System, Testing Other Systems,Testing the Non-Current Assets, Verification Approach of Audit, Verification of Assets, Letter of Representation & Verification of Liabilities, Verification of Equity, Verification of Bank Balances,Verification of Stock-In-Trade and Store & Spares, Audit Sampling, Statistical Sampling, Considering the Work of Internal Auditing, Audit Planning, Planning an Audit of Financial Statements, Audits of Small Entities, Auditor’s Report on a Complete Set of General Purpose Financial Statements, Modified Auditor’s Report.

Introduction to Business Finance, Business Organizations, Financial Markets and Financial Statements, Income Statement and Taxes, Financial Cash Flows and Cash Flow Statement, Financial Statement Analysis, Ratio Analysis, The Du Pont Identity, Using Financial Statement Information,Time Value of Money, Discounted Cash Flow Valuation, Annuities Cash Flow, Perpetuities, Loans, Bonds and Valuing Bonds, Bond Price Theorems, Bond Indenture, Bond Ratings, Different Types of Bonds,Determinants of Term Structure, Equity Markets and Stock Valuation, Some Special Cases in Stock Valuation, NPV and Payback Rule, Average Accounting Return and Internal Rate of Return, Capital Budgeting, Making Capital Investment Decision, Pro Forma Financial Statements, Depreciation, Capital Investment Decisions, Returns, Variability of Returns ,Portfolio, Risk, Weighted Average Cost of Capital, Capital Structure, Business and Financial Risk, Bankruptcy Costs, Static Theory of Capital Structure, Operating Cycle and Cash Cycle, Short-Term Financial Policy, Short-Term Borrowing, Float and Cash Management, Credits and Receivables, Inventory Management.