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View DetailsThe EBACS (Economics, Business Studies, Accountancy, Computer Science) curriculum is designed to provide students with a comprehensive understanding of key concepts and principles across multiple disciplines
Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.Economists analyze economic indicators, such as gross domestic product and the consumer price index to identify potential trends or make economic forecasts.
Assuming humans have unlimited wants within a world of limited means, economists analyze how resources are allocated for production, distribution, and consumption.
An economist studies the relationship between a society's resources and its production or output, and their opinions help shape economic policies related to interest rates, tax laws, employment programs, international trade agreements, and corporate strategies.
Economics, as a discipline within commerce, is the study of how societies allocate scarce resources to fulfill unlimited wants and needs. It explores the production, distribution, and consumption of goods and services, as well as the factors that influence economic behavior and decision-making at the individual, firm, and societal levels.
Economics also examines the role of incentives in shaping economic behavior. Individuals, firms, and governments respond to incentives to maximize their own welfare or achieve specific goals. For example, firms may increase production in response to higher prices, while consumers may purchase more of a good when its price decreases.Another important concept in economics is opportunity cost, which refers to the value of the next best alternative that is foregone when a decision is made. Understanding opportunity cost helps individuals and firms make rational choices about how to allocate their resources effectively.
Business studies, is a field of study that deals with the principles of business, management, and economics. It combines elements of accountancy, finance, marketing, organizational studies, human resource management, and operations. Business studies is a broad subject, where the range of topics is designed to give the student a general overview of the various elements of running a business.
Business Studies is a comprehensive subject in Social Science, allowing the meticulous study of a span of skills, such as finance, organisation, accountancy, marketing and human resources management.
A study of business is an expanse of focus within an academic agenda taught at an academic establishment, which occurs mainly around some characteristics of the conduct of business at the community level, national or universal marketplace.
Business studies is a multidisciplinary field within commerce that encompasses a wide range of subjects related to business management, operations, strategy, finance, marketing, human resources, and entrepreneurship.
A study of business is an expanse of focus within an academic agenda taught at an academic establishment, which occurs mainly around some characteristics of the conduct of business at the community level, national or universal marketplace.Business management forms a central component of business studies, focusing on effective organizational leadership, strategic planning, and operational efficiency. Students explore topics such as organizational behavior, leadership styles, and change management to understand how businesses can achieve their goals and adapt to evolving market conditions
Accounting can be defined as a process of reporting, recording, interpreting and summarising economic data. The introduction of accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business.The American Institute of Certified Public Accountants (AICPA) had defined accounting as the "art of recording, classifying, and summarising in a significant manner and in terms of money, transactions and events
Economic Events:
It is a consequence of a company has to undergo when the number of monetary transactions is involved. Such as purchasing new machinery, transportation, machine installation on-site, etc.
Identification, Measurement, Recording, and Communication:
The accounting system should be outlined in such a way that the right data is identified, measured, recorded and communicated to the right individual and at the right time.
Interested Users of Information:
It is about communicating important financial information to the customers, according to which they will make the correct decision.
Accountancy, a cornerstone of commerce education, is the discipline that involves the recording, analysis, interpretation, and communication of financial information about economic entities. It plays a vital role in ensuring the transparency, accountability, and integrity of business transactions, as well as providing essential information for decision-making by stakeholders.
The course begins with an introduction to the field of computer science, covering its history, evolution, and basic terminology. Students learn about the role of computers in modern society and various career paths within the field. We can use computers to assist with issue solving. However, in order to address a problem, it must first be comprehended, along with potential solutions. This is possible thanks to computational thinking.
Despite the fact that the word "computer" technically means "to compute" or "to calculate," we can see in today's society that computers are utilised for much more than just math.'Computer is an electronic device that receives input, stores or process input as per the instructions & provides output in desired format.'
In other words, A computer is a machine that can be programmed to accept data (input), process it into useful information (output), and store it away (in a secondary storage device) for safekeeping or later reuse. The processing of input to output is directed by the software but performed by the hardware. Using computational thinking, a complex problem can be divided up into manageable components.
We may use computational thinking to take a complex situation, identify the issue, and create potential solutions. Then, we may communicate these solutions in a way that a machine, a person, or both, can comprehend.Basically, computational thinking enables you to divide an issue into manageable chunks that a computer could comprehend and eventually assist in solving. Coding is not computational reasoning. A computer is programmed with instructions on what to do and how to do it. While computational thinking involves determining what to instruct the machine to do. The process of thinking like a computer scientist is known as computational thinking.
EBACS an acronym for Economics, Business Studies, Accountancy, and Computer Science, represents a multidisciplinary approach to pre-university education. It offers students a comprehensive understanding of key principles and practices in economics, business management, accountancy, and computer science, preparing them for diverse career paths and higher education opportunities. Economics, as a foundational component of EBACs, delves into the study of how societies allocate scarce resources to fulfill unlimited wants and needs. Students
Students are educated realistically with the best in class Lab and Infrastructure facilities and the best passionate instructors at KSGI, the Best & Top Most College For EBACs in Bangalore, Karnataka, India.
EBACS stands for "European Business Accounts API Standard." It's a standard for open banking APIs, specifically designed to enable secure communication between financial institutions and third-party providers, allowing them to access account information and initiate payments on behalf of customers. The scope and application of EBACS primarily revolve around facilitating secure and standardized communication in the context of open banking within the European Union. It aims to improve competition, innovation, and customer experience in the financial services sector by enabling interoperability among different banking systems and third-party providers
EBACS careers: Software Developer, API Integration Specialist, Technical Architect, Product Manager, Compliance Officer, Business Analyst, Sales/Business Development, QA/Test Engineer, Data Analyst/Scientist, Consulting/Advisory Roles. Placement opportunities: Fintech startups, financial institutions, consulting firms, technology companies, regulatory agencies, standardization bodies, industry associations.
After EBACS, individuals may pursue higher studies in related fields such as Financial Technology (FinTech), Information Technology, Business Administration with a focus on Banking or Finance, Data Science, Cybersecurity, or Compliance and Regulatory Affairs. These advanced studies can deepen their expertise and open up opportunities for roles in management, research, academia, or specialized consulting within the financial services industry.
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