CONTENTS

1. Management Accounting : Meaning, Scope and Functions 2. Accounting Principles : Concepts and Conventions 3. Financial Statements 4. Analysis and Interpretation of Financial Statements 5. Ratio Analysis 6. Fund Flow Analysis 7. Cash Flow Statement 8. Break-Even Point or Cost-Volume-Profit Analysis 9. Business Budgeting 10. Budgetary Control 11. Standard Costing and Cost Variance Analysis 12. Responsibility Accounting 13. Differential Cost Analysis 14. Marginal Costing and Absorption Costing 15. Decision Accounting and Marginal Costing System.

SYLLABUS

Unit-I : Management Accounting—Definition, Functions and Role of Accounting as a Tool of Decision-making, Limitations of Management Accounting, Basic Postulates of Accounting and Accounting Policy.

Unit-II : Financial Statements—Meaning, Types of Financial Statements. Limitations of Financial Statements, Financial Analysis—Types & Methods of Financial Analysis, Tools of Financial Analysis, Trend Percentages, Common Size Statements.

Unit-III : Financial Statement Analysis—Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis.

Unit-IV : Marginal Cost Concept—Cost Classification, Theory of Contribution, Profit Volume Relationship, Break Even Analysis.

Unit-V : Standard Costing—Definition, Nature, Setting Standards, Establishment of Standard Costing System, Variance Analysis (Only Material Variance).

Unit-VI : Budgets—Nature, Types of Budgets, Preparation of Budget (Sales & Cash Budget Only).

Zero Base Budgeting—Concepts & Applications.