Need for Accounting, Internal and External Users of Accounting Information, Accounting Concepts and Conventions, Accounting Cycle and System: Nature of Accounting Transactions., Depreciation Methods.
i)Enlist Internal and External Users of Accounting Information. Visit any Business Organization to Identify How Accounting Information is Used at Different Levels of Management.
ii)Develop Specimen Vouchers Identify any Fixed Asset and Apply Appropriate Method of Charging Depreciation.
Preparation of Final Account, Computerized Accounting - Role of Computerized Accounting, Tally Package – Features and Application.
Develop Specimen Vouchers, Form a Company in Tally Package and Make Entries for the Transactions Accordingly to Come out with Income Statement and Balance Sheet.
Meaning, Objectives, Scope, Importance and Advantages Difference Between Financial and Cost Accounting. Cost Unit and Cost Centre; Elements of Cost:- Material, Labour and Overheads; Preparation of Cost Sheet, Inventory Valuation Methods (FIFO, LIFO, Simple Average and Weighted Average).
Visit any Manufacturing Unit to Identify Elements of Cost and to Learn Inventory Valuation Method What They Adopted. Prepare Cost Sheet to Calculate Cost of Production.
Concept, Meaning, Definition, Features, Functions, CVP Analysis - Contribution, PV Ratio, BEP, Margin of Safety, Angle of Incidence. Decision Making Based on CVP Analysis – Make or Buy Decision- Shutdown – Dropping the Plant – Sale or Process
Visit any Business Enterprise, Collect Information Regarding Variable Cost, Fixed Cost etc. and Calculate Breakeven Point for a Product/s. Also Learn how Financial Decisions are Taken with the Help of Breakeven Analysis and CVP Analysis.
SUK2021/ MBA/ 1/02
Its is very useful for MBA as well as very easy language