FINANCIAL & MANAGEMENT ACCOUNTING

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Prof. Sangeeta Deshpande and Ashutosh S. Kawde.

Rashtrasant Tukadoji Maharaj Nagpur University, RTMNU, BBA Second 2nd Year
Syllabus
Unit –I: Introduction – Meaning, Scope and importance of Financial Accounting. Financial Accounting – concepts and conventions, classification of accounts, Rules and principles governing Double Entry Book-keeping system (Preparation of Journal), Nature and function of financial Reporting, GAAP.
 
Unit –II: Final Accounts of Companies – Final Accounts of Joint Stock Companies – contents and preparation of Trading and Profit and Loss Account, Profit and Loss Appropriation Account and Balance sheet with adjustment, Closing Entries (Simple entries)
 
Unit III: Management Accounting – Meaning, Scope, Importance, and Limitations of Management Accounting, Difference between Financial Accounting and Management Accounting, Break even analysis, Analysis of Financial Statements (using ratio analysis-simple ratios).
 
Unit IV: Budgetary Control – Business budgets and budgetary control – Types of budget and its utility, preparation of cash & flexible budgets.
 
Note: Simple Numericals will be based on all Units.
 
Financial & Management Accounting
 
Unit 1: Introduction Financial Accounting
 
Unit 2: Final Accounts of Companies
 
Unit 3: Introduction Management Accounting
 
Unit 4: Budgetary Control
 
Model Papers.




RTMNU2017/BBA/2/08
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