Cost And Management Accounting

Unit

Course Description

Sessions

I

Introduction to Accounting: Need and Types of Accounting, Users of Accounting, Concepts and Conventions of Accounting, Accounting Equations.

2

II

Elementary Preparation of Books of Accounts: Journals, Ledgers and Trial Balance. Final Accounts, Trading, Profit Loss Account without Adjustments, Balance Sheets

5

III

Financial Statements Preparation, Analysis and Interpretation: Income Statement, Comparative, Common Size Statements, Analysis Techniques- Ratio Analysis, Cash Flow Statement Analysis as per AS3 and Fund Flow Statement Analysis

5

IV

Cost Accounting -An Introduction: Concept, Classification and Elements of Cost, Cost Sheet, Basics of Marginal Costing

3

V

Standard Costing: Introduction, Material Variances only

Budgetary Control – Concept, Types and Formats with Basic Calculations

3

VI

Accounting Standards and Introduction to IFRS: IFRS and Proposed Changes in Indian Accounting Standards.

2

VII

Emerging issues in Financial Accounting : Introduction to Human Resource Accounting, Responsibility Accounting and Basic Concept of GST

2

VIII

Valuation: Valuation of Goodwill, Inventory Management (LIFO, FIFO and HIFO Methods)

2