Managerial Accounting

 Syllabus

1.2: MANAGERIAL ACCOUNTING

Module 1: Introduction to Financial Accounting                                                                     (08 Hours)

Purpose and Objectives of Accounting Information – Uses and Users of Accounting Information – Branches of Accounting – Basic Terminology in Accounting – GAAP and the Accounting Environment – Accounting Concepts and Conventions.

Module 2: Recording Accounting Transactions                                                                       (16 Hours)

Concept of Double Entry System – Basic Knowledge of Accounting Process: Journal, Ledger – Subsidiary Books, Trial Balance (Theory and Problems), Reconciliation Statement  – An Overview of Accounting Standards in India – Preparation of Final Accounts – Income Statement and Balance Sheet (Problems on Vertical method).

Module 3: Measuring and Reporting Assets and Liabilities                                                    (12 Hours)

Accounting for Tangible & Intangible Assets: Fixed Assets (AS-10) and Depreciation (AS-6) – Inventory Valuation (AS-2): Valuation of Goodwill.

Module 4: Analysing and Interpreting Financial Statements                                                   (12 Hours)

Objectives of Financial Statements Analysis, Sources of Information, Standards of Comparision, Quality of Earnings, Techniques of Financial Statement Analysis, Analysing Financial Statements Using Ratio Analysis, Cash Flow Statement, Understanding Annual Reports, and Earnings Relations.

Module 5: Costing                                                                                                                     (08 Hours)

Meaning- Classification of Cost – Cost Sheet-Cost Reduction Techniques, Standard Costing-Marginal Costing – CVP and BEP Analysis (Problems) – Budgetary Control – Types of Budget –  Problems on Flexible Budget and Cash Budget Only.

Module 6: Emerging Trends                                                                                                     (04 Hours)

IFRS – Inflation accounting – Human Resource Accounting –Responsibility Accounting- Forensic Accounting – Environmental Accounting – Corporate Social Reporting- Carbon Accounting. (Only Concepts)