UNIT - I
Basic Accounting concepts - Kinds of Accounts – Branches of Accounting -
Fundamentals of Financial Accounting - Rules of Double Entry System – Preparation of
Journal and Ledger Accounts- problems - Subsidiary books - cash book – types of cash
book - problems - Trial balance – problems.
UNIT - II
Manufacturing - Trading - Profit & Loss Account - Balance sheet. – Problems
with simple adjustments.
UNIT - III
Meaning-definition-scope-objectives-function-merits and demerits of Cost
Accounting and Management Accounting - distinction between Cost, Management and
Financial Accounting - Elements of cost-cost concepts and costs classification.
UNIT – IV
Preparation of cost sheet - Stores Control - ECQ-Maximum, Minimum,
Reordering Levels - Pricing of Materials Issues - problems ( FIFO, LIFO, and
AVERAGE COST methods only) - labour cost - remuneration and incentives - problems.
UNIT – V
Standard Costing - Variance Analysis – problems (Material and Labour Variances
only) - Marginal Costing - Cost Volume Profit analysis. Budgeting - preparation of