ACCOUNTING FOR MANAGERS
Introduction to Accounting: Origin and growth of Accounting – need for Accounting – Accounting as a Science, Art, Practice and Profession -users of Accounting – functions of Accounting – branches of Accounting – Accounting equation – types of Accounts – Accounting principles – Double Entry System – introduction to Accounting Standards – journal – ledger – Trial Balance. Read Complete Note
Final Accounts: Final accounts of sole trader – Trading and Profit & Loss Accounts, Balance Sheet – adjustments – need for adjusting entries – closing stock – depreciation – Interest on capital and drawings – bad debts – provision for bad debts – format of company final accounts. Read Complete Note
Cost Accounting: Cost Accounting and its objectives – classification of costs – types of costing – cost units /cost centres – preparation of Cost Sheet.
Marginal Costing Techniques: Marginal Cost – Marginal Costing – applications of Marginal Costing – advantages of Marginal Costing – break-even analysis – CVP Analysis – margin of safety – key factor.
Management Accounting: Objectives and tools of Management Accounting – ratios and their uses – types of ratios – importance of ratio analysis – Funds Flow Analysis – Cash Flow Analysis – inter firm comparison and trend analysis.