• Accounting: Purpose and Scope
  • 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

 

• Basic Accounting Terms
  • Types of Transactions
    • Account
    • Assets
    • Capital
    • Drawings
    • Liabilities

 

• Accounts Records and Systems; The Journal and other Subsidiary Books, The Ledger and Account, Debit and Credit, Adjusting and Closing Entries, Ruling and Balancing Accounts, The 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
  • Preparation of final Accounts Illustration
    • Trading and Profit and Loss Account
    • Balance Sheet

 

• Cost Concepts, Determination of Costs, Elements of Cost, Cost Classification
  • 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
  • Preparation of Cost Sheet- Illustration

 

• 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

 

• 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