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

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 P&L Account and Balance Sheet
- Preparation of final Accounts Illustration
  - Trading and Profit and Loss Account
  - Balance Sheet

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

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 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

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

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