Unit-1
Accounting: Principles, concepts and conventions, double entry system of accounting, Ledger posting and Trial balance.
Final accounts: Trading, profit and loss accounts and balance sheet of sole proprietary concern with normal closing entries. Introduction to manufacturing account, final account of partnership firms, limited company.
Unit-II
Financial Management: Meaning, role and scope of financial management.
Basic Financial concepts: Time value of Money, present value, future value of a series of cash flows, annuity. Practical applications of compounding and present value techniques.
Long-term sources of finance: Introduction to shares, debentures, preference shares.
Unit-III
Capital Budgeting: Meaning, importance, difficulties. Introduction to evaluation techniques – Traditional techniques (ARR Payback method). Discounting cash flow techniques(Present value, NPV, IRR)
Ratio Analysis: Meaning, advantages, limitations of ratio analysis, Types of ratios and their usefulness.
Unit-IV
Costing: Nature, importance and types of cost
Marginal costing: Nature, scope and importance of marginal costing, Break-even analysis, its uses and limitations, construction of break-even charts. Practical applications of marginal costing.
Inventory control system: The need, cost of inventory, methods of inventory costing.
Unit-V
Introduction to Computerized Accounting System: Coding logic and codes required, master files, transaction files, introduction to documents used for data collection. Processing of different files and outputs obtained.
References:
S.N. Maheswari & S. K. Maheswari, “Introduction to Financial Accountancy”, Vikas Publication.
S.N. Maheswari & S. K. Maheswari, “Advanced Accountancy”, Vikas Publication.
S.N. Maheswari & S. K. Maheswari, “Financial Management”, Viaks Publication.
Jawahar Lal, “Financial Accounting”, Wheeler Publishing.
Khan & Jain, “Management Accounting”, Tata McGraw Hill Publication.
K.S. Sastry & Nand Dhamesa, “The Practices of Management Accounting”, Wheeler Publishing.
I.M. Pandey, “Financial Management”, Vikas Publications.
J Khan & Jain,“ Financial Management”, Tata McGraw Hill Publication.
Geoffrey Knott, “ Financial management”, Palgrave Macmillan.