Introduction to Financial Accounting - Concept, Need, Importance and Scope. Accounting Concepts and Conventions, GAAP, Preparation of Final Accounts.

Financial Statement Analysis – Need, Objectives, Tools and Limitations of Financial Statement Analysis, Common Size and Comparative Statements, Ratio Analysis, Fund flow statement, Cash flow statement.

Cost Accounting – Concepts, Objectives and Classifications, Methods and Techniques of Costing, Preparation of Cost Sheet.

Marginal Costing - Break Even Analysis, Margin of Safety, Cost-Volume-Profit (CVP) Analysis, Marginal Costing in Decision Making – Fixing Selling Price, Make or Buy, accepting a Foreign Order, Deciding Sales Mix.

Budgeting, Nature and Objectives, Cash, Flexible and Functional budgets, Zero Based Budgeting, Limitations.