BASIC FINANCIAL ACCOUNTING
Accounting Principles - Concepts and Conventions - Accounting Standards - Preparation of Journal,
Ledger - Trial balance and Final Accounts – Trading and Profit and Loss Account and Balance sheet
FINANCIAL STATEMENTS ANALYSIS AND INTERPRETATIONS
Meaning and Types of Financial Statements - Financial Ratio Analysis - Cash Flow and Funds Flow Statement Analysis
COST ELEMENTS AND MATERIAL CONTROL
Costing as an aid to Management - Methods of Costing - Types or Techniques of Costing - Elements of Cost - Cost Sheet - Cost Classification - Techniques of Material Control - Re-Order Level -Minimum and Maximum Level - Danger Level - Average Stock Level - Economic Ordering Quantity - ABC and JIT Inventory System - Methods of Valuing Material Issues - FIFO, LIFO,HIFO, Simple Average and Weighted Average.
COST ACCOUNTING SYSTEMS
Job Order Costing - Batch Costing - Contract Costing - Process Costing - Activity Based Costing -Target Costing.
Marginal Costing and Profit Planning - Managerial Applications - Budgetary Control (Classification
of Budgets)- Standard Costing – Variance Analysis – Direct Material Variances - Direct Labour Variances - Overhead Variances and Sales Variances.