Cost And Management Accounting by Dr Sunita Sharma MBA 1st sem

Cost And Management Accounting by Dr Sunita Sharma MBA 1st sem

  M-107: COST AND MANAGEMENT ACCOUNTING

SECTION A

Unit	Course Description	Sessions
I	Introduction to Accounting: Need and Types of Accounting, Users of Accounting, Concepts and Conventions of Accounting, Accounting Equations.	2
II	Elementary Preparation of Books of Accounts: Journals, Ledgers and Trial Balance. Final Accounts, Trading, Profit Loss Account without Adjustments, Balance Sheets	5
III	Financial Statements Preparation, Analysis and Interpretation: Income Statement, Comparative, Common Size Statements, Analysis Techniques- Ratio Analysis, Cash Flow Statement Analysis as per AS3 and Fund Flow Statement Analysis	5
IV	Cost Accounting -An Introduction: Concept, Classification and Elements of Cost, Cost Sheet, Basics of Marginal Costing	3
V	Standard Costing: Introduction, Material Variances only Budgetary Control – Concept, Types and Formats with Basic Calculations	3
VI	Accounting Standards and Introduction to IFRS: IFRS and Proposed Changes in Indian Accounting Standards.	2
VII	Emerging issues in Financial Accounting : Introduction to Human Resource Accounting, Responsibility Accounting and Basic Concept of GST	2
VIII	Valuation: Valuation of Goodwill, Inventory Management (LIFO, FIFO and HIFO Methods)	2