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.
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
Reference Book:
R. Narayanaswamy, Financial Accounting, PHI, sixth edition, 2017 Earl K. Stice & James D.Stice, Financial Accounting, Reporting and Analysis, 8th edition, Cengage Learning, 2015.
Text Book:
M.Y. Khan & P.K. Jain, Management Accounting, Tata McGraw Hill, 8 th edtion, 2018 Penman, S.H, Financial Statement Analysis, 12th Edition, Tata McGraw Hill. 2014
