Introduction to Financial Accounting - Generally accepted accounting principles - Double Entry System - Preparation of Journal, Ledger and Trial Balance - Preparation of Final Accounts: Trading, Profit and Loss Account and Balance Sheet.
Nature and Objectives of Financial Statements - Uses & Limitations of Financial Statements - Comparative statements - Common size statements - Financial ratio analysis - Du-Point Analysis Cash flow (as per Accounting Standard 3) and Funds flow statement - Trend Analysis.
Cost Accounting - Classification of Costs - Cost Sheet - Job Costing - Process costing. Case Stydy:
Marginal Costing - Cost, Volume, Profit Analysis - Break Even Analysis - Decision Making Problems - Make or Buy decisions -Determination of Sales Mix - Exploring New Markets
Budgetary Control - Sales, Production, Cash Flow, Fixed and Flexible Budget - Practical Workings in Accounting Software & Spread Sheet. Case Stydy:
Reference Book:
1 R. Narayanaswamy, Financial Accounting, PHI, sixth edition, 2017 2 Earl K. Stice & James D.Stice, Financial Accounting, Reporting and Analysis, 8th edition, Cengage Learning, 2015.
Text Book:
1 M.Y. Khan & P.K. Jain, Management Accounting, Tata McGraw Hill, 8 th edtion, 2018 2 Penman, S.H, Financial Statement Analysis, 12th Edition, Tata McGraw Hill. 2014
