Syllabus - FINANCIAL & COST ACCOUNTING (CB-604)

Computer Science and Business System (CSBS)

FINANCIAL & COST ACCOUNTING (CB-604)

VI

UNIT – I

Accounting Concept

Introduction, Techniques and Conventions, Financial Statements- Understanding & Interpreting Financial Statements. Company Accounts and Annual Reports- Audit Reports and Statutory Requirements, Directors Report, Notes to Accounts, Pitfalls.

UNIT – II

Accounting Process

Book Keeping and Record Maintenance, Fundamental Principles and Double Entry, Journal, Ledger, Trial Balance, Balance Sheet, Final Accounts, Cash Book and Subsidiary Books, Rectification of Errors.

UNIT – III

Financial Statements

Form and Contents of Financial Statements, Analyzing and Interpreting Financial Statements, Accounting Standards.

UNIT – IV

Cash Flow and Fund Flow Techniques

Introduction, How to prepare, Difference between them.

UNIT – V

Costing Systems

Elements of Cost, Cost Behaviour, Cost Allocation, OH Allocation, Unit Costing, Process Costing, Job Costing, Absorption Costing, Marginal Costing, Cost Volume Profit Analysis, Budgets, ABC Analysis

Practicals

Reference Books

  • Robert N Anthony, David Hawkins, Kenneth Marchant, “Accounting: Texts and Cases”, Thirteenth Edition, McGraw-Hill, 2017.

  • M.Y. Khan & P.K. Jain, “Management Accounting”, Tata McGraw Hill, 2011.

  • R. Narayanaswamy, “Financial Accounting – A managerial perspective”, Fifth Edition, PHI Learning, New Delhi, 2011.

  • S.M. Shukla, "Financial Accounting", Sahitya Bhawan Publications.

  • K. L. Gupta, Dr. S.P. Gupta, "Management & Cost Accounting", Sahitya Bhawan Publications.