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BM12- Cost and Financial Accounting
Objective : The financial aspect of business and management will be taught to student through this subject. This will benefit student in understanding and analysing financial statements of a business. Student will learn Financial Accounting, Managerial Accounting and Cost Accounting.
Sr. No 1
Chapter Details Financial Accounting 1.1 Double Entry Accounting system, Concepts and conventions in accounting, Accounting process, Depreciation 1.2 Journalisation Rules for Journalisation, posting in a Ledger, subsidiary books, preparation of Trial balance, Bank Reconciliation Statement. 1.3 Final Accounts Preparation of Trading and profit and loss Account and Balance sheet of a Proprietary and partnership firms Cost Accounting 2.1 Advantages of Cost Accounting, Comparison with financial accounting, Classification and elements of cost 2.2 Methods of costing Techniques Marginal costing, Break-even chart, cost, Volume profit analysis, Standard costing, Advantages, Variance analysis 2.3Budgetary Control –Types of budgets and Flexible Budget Vs Fixed Budget, Preparation of Simple cash budget & Flexible budgets 2.4Cost Reduction and cost control, value Analysis.
Nos. of Session
Reference Books
5
2,3,4
5
2,3,4
6
2,3,4
2
5
1,2,3
6
1,2,3
3
1,2,3