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.
Reference Book:
1. S N Maheshwari & S K Maheshwari, ‘Accounting for Management’, 2nd Edition, Vikas Publishing House Pvt Ltd, New Delhi, 2009. (Unit I, II, III, IV & V). 2. Jan Williams, ‘Financial and Managerial Accounting – The basis for business Decisions’, 16th Edition, Tata McGraw Hill Publishers, 2017. (Unit II, III, IV & V). 3. Stice & Stice, Financial Accounting Reporting and Analysis, 8th Edition, Cengage, 2010. (Unit I & II). 4. R.Narayanaswamy, ‘Financial Accounting – A Managerial Perspective’, 5th Edition, PHI Learning, 2014. (Unit II, III, IV & V). 5. S P Jain & K L Narang, ‘Financial Accounting and Analysis’, Kalyani Publishers, 2009. (Unit I, II, III, IV & V).
Text Book:
1. M Y Khan & P K Jain, ‘Management Accounting: Text, Problems and Cases’, 6th Edition, Tata McGraw-Hill Publishing Company Limited, 2013. (Unit I, II, III, IV & V). 2. T S Reddy & Y. Hari Prasad Reddy, ‘Financial and Management Accounting’, 2nd Edition, Margham Publications, 2010. (Unit I, II, III, IV & V).
