Accounting: Need of accounting-Definition-Book keeping- Objectives 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, Sales return book, Cash book withSingle Column and Petty Cash Book.

Final accounts: Introduction – Trading accounts – Profit and loss account – Balance sheet – Problem 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 – Classifications of overheads – Classifications of overheads. 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 departments and its objectives – 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.