• 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 Terms in Accounting
  • Types of Transactions
  • Account
  • Assets
  • Capital
  • Drawings
  • Liabilities]

                 

• AM04 Preparation of Basic Accounts – Journal to 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- Illustration

 

• P&L A/C and Balance Sheet
  • Preparation of final Accounts Illustration
  • Trading and Profit and Loss Account
  • Balance Sheet

 

• Ratio Analysis
  • 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

 

• Preparation of Flexible Budget- Illustration

   

• Cost Accounting
  • 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

 

• Preparation of Cost Sheet- Illustration

 

• Financial Overheads
  • 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