12
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
Generally Accepted Accounting Principles (GAAP)
- Accounting Assumption or concepts
- Accounting Conventions or Principles
- Modifying Principles
Basic Accounting Terms
- Types of Transactions
- Account
- Assets
- Capital
- Drawings
- Liabilities
Journal, Ledger and Trial Balance
Journal
- Definition of Journal
- Journalizing
- Journal Entries
- Performa of Journal
- Narration
- 12 Characteristics of Journal
Ledger
- Meaning of Ledger
- Posting
- Performa of Ledger
- 12 characteristics of Ledger
Trial Balance
- Definition of Trial Balance
- 5 Objectives of preparing a Trial Balance
- 4 steps in the preparation of Trial balance
- 3 Methods of preparing Trial Balance
- Trial Balance and Errors
Preparation of Journal, Ledger and Trial Balance
- Preparation of Journal, Ledger and Trial Balance illustration
Preparation of P&L Account and Balance Sheet
- Trading and Profit and Loss Account
- Balance Sheet
Ratio Analysis
- Meaning and Definition of Ratio Analysis
- How a Ratio is Expressed
- Why Ratio Analysis
- 8 Advantages and uses of Ratio Analysis
- 8 Limitations of Ratio Analysis
- Classification of Ratios
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
- Cash Budget problem with adjustments
Preparation of Flexible Budget- Illustration
- Preparation of Flexible Budget- Illustration