Unit 1: Fundamentals of Accounting

Introduction to Financial and Management Accounting

Accounting Process An Overview
Books of Original Records: Ledger and Trial Balance
Preparation of Simple Final Accounts
Final Accounts with Adjustments
Unit 2: Financial Statements and Their Analysis
Understanding Financial Statements
Analysis of Financial Statements (Techniques and Key Ratios)
Funds Flow Statement (Simple)
Unit 3: Cost Concepts
Basic Concepts
Classification of Costs
Elements of Cost and Cost Sheet
Ascertainment and Allocation of Costs (Material, Labor and
Overheads)
Inventory Management
Unit 4: Accounting for Planning and Control
Budgeting and Budgetary Control
Standard Costing
Variance Analysis
Unit 5: Accounting for Decision Making
Variable (Managerial) Costing
Cost Volume Profit Analysis
Relevant Costs for Decision Making