Accounting: Need of accounting –Definition-Book Keeping-Objective of accounting-Advantages-Limitations-Branches-Methods of accounting-Difference between Single Entry and Double Entry -Accounting concepts and conventions. Journal: Meaning-Definition-Transaction analysis for journal entries-Ledger: Meaning-Posting of journal and ledger-Balancing of Ledger accounts.

Trial balance: Meaning-Definition-Objective-Methods of preparation. Subsidiary books: Meaning-Benefits-Preparation of Individual Subsidiary Books: Purchase Return Book, Sales Return Book, cash book with single column and petty cash book.

Final accounts: Introduction-Trading accounts-Profit & Loss Account-Balance sheet-Problems with simple adjustments.

Cost Accounting: Definition of cost-Costing, Cost Accounting and cost Accountancy-Scope and objectives of cost Accounting- Cost accounting Vs Financial Accounting-Difference between Cost Accounting and Financial Accounting-Essential of good costing system-Elements of cost: Material- Labour - Expenses-Overheads-Classification of overheads-Expenses excluded from costing. Cost sheet: Purposes of cost sheet-Specimen of cost sheet- Preparation of cost sheet.

Material control: Meaning of material control-Objectives of material control-Essentials- Advantages. Purchasing: Purchase department and its objective-Centralized Vs Decentralized Purchasing-Qualification and duties of Purchase Manager. Inventory Control and its techniques-Economic Order Quantity-Pricing of material issue: FIFO, LIFO, Simple Average and Weighted Average.