
OBJECTIVES:
• Acquire a reasonable knowledge in accounts
• Analysis and evaluate financial statements
UNIT I FINANCIAL ACCOUNTING
Introduction to Financial, Cost and Management Accounting- Generally accepted accounting principles, Conventions and Concepts-Balance sheet and related concepts- Profit and Loss account and related concepts – Introduction to inflation accounting- Introduction to human resources accounting.
UNIT II COMPANY ACCOUNTS
Meaning of Company -Maintenance of Books of Account-Statutory Books- Profit or Loss Prior to incorporation- Final Accounts of Company- Alteration of share capital- Preferential allotment, Employees stock option- Buyback of securities.
UNIT III ANALYSIS OF FINANCIAL STATEMENTS
Analysis of financial statements – Financial ratio analysis, cash flow (as per Accounting Standard 3) and funds flow statement analysis.
UNIT IV COST ACCOUNTING
Cost Accounts – Classification of manufacturing costs – Accounting for manufacturing costs. Cost Accounting Systems: Job order costing – Process costing- Activity Based Costing- Costing and the value chain- Target costing- Marginal costing including decision making- Budgetary Control & Variance Analysis – Standard cost system.
UNIT V ACCOUNTING IN COMPUTERISED ENVIRONMENT
Significance of Computerised Accounting System- Codification and Grouping of AccountsMaintaining the hierarchy of ledgers- Prepackaged Accounting software.
TOTAL: 45+15 = 60 PERIODS
OUTCOME
• Possess a managerial outlook at accounts.
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