• Financial and Management Accounting
  • Definition of Financial Accounting
  • Accounting Process
  •  Accounting Functions
  • Definition of book keeping
  • Differences between Book keeping and accounting
  •  Objectives of Accounting
  •  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
  • 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

 

• Preparation of final Accounts Illustration
  • Trading and Profit and Loss Account
  • Balance Sheet

 

• Accounting 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

 

• Depreciation Methods: Straight Line Method, Written Down Value Method
  • Deprecation
    • Definition of deprecation
    • Deprecation and fluctuation
    • 6 causes of deprecation
    • 10 methods of deprecation

 

• 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

 

• 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