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Lecture Notes

UNIT 1:
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Definition - Accounting Concepts & Conventions
UNIT 2:
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Meaning – Objectives- Rearranging Financial Statements for Analysis
UNIT 3:
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Preparation of Statement of change in working capital – Computation of fund from operation and preparation of fund flow statement
UNIT 4:
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Cost Accounting - Cost Accounting – Distinction of Financial Accounting and Cost Accounting Cost Terminology: Cost, Cost centre, Cost unit – Elements of cost
UNIT 5:
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Budgeting and Budget Control - Budget – Budgeting and budget control