• Financial and Management Accounting
  • Definition of Financial Accounting
    • Accounting Process
    • 5 Accounting Functions
    • Definition of book keeping
    • 5 Differences between Book keeping and accounting
    • 4 Objectives of Accounting
    • 6 Users of Accounting Information

 

• General Accounting Principle
  • Generally Accepted Accounting Principles (GAAP)
    • Accounting Assumption or concepts
    • Accounting Conventions or Principles
    • Modifying Principles

 

• Preparation of P&L Account and Balance Sheet  
  • Trading and Profit and Loss Account
  • Balance Sheet

 

• Cost Accounting: Meaning, Distinction between Financial Accounting and Cost Accounting - Cost Terminology: Cost, Cost Centre, Cost Unit, Elements of Cost, Cost Sheet
  • Nature and Scope of cost accounting
  • 10 limitations of financial Accounting/Scope of cost accounting
  • Meaning of cost accounting and Cost accountancy
  • Definition of cost accounting
  • 5 features of Cost Accounting
  • 3 Scopes or functions of Cost Accountancy
  • 2 methods of Costing
  • 6 types of Costing
  • Preparation of cost sheet

 

• Overheads, Allocation, Apportionment, Absorption, Control over Factory, Administration, Selling and Distribution Overheads, Valuation of Inventories
  • Meaning and Definition of overhead
    • Elements of cost
    • 4 classification of overhead
    • Functional classification of overhead
    • Behavior wise classification
    • Element wise classification
    • Classification according to nature of expenditure

   

• Cost Volume Profit Analysis (CVP Analysis)
  • Cost Volume Profit Analysis
    • Importance of CVP
    • Break Even Point (BEP)
    • BEP Calculation
    • Contribution Margin
    • Margin of Safety
    • BEP on Sales Mix

 

• Decision Making Process
  • Types of decision making
  • Steps in decision making
  • Models of decision making behaviour
  • Decision making environment

 

• Budget and Budgetary Control
  • Definition and meaning of Budget
  • 7 Essentials of a Budget
  • Meaning of Estimate, forecast and Budget
  • 6 Differences between Budget and Forecast
  • 5 Essentials of Budgetary Control
  • Preliminaries for the adoption of a system of Budgetary control -12 steps
  • Meaning And Definition of Budget Manual
  • 4 Different Types of Budget
  • 5 Advantages of cash Budget

 

• Preparation of Cash Budget- Illustration

 

• Preparation of Flexible Budget- Illustration