MB-106-Fundamentals of Accounting |
Module – I (Financial accounting) |
1. Introduction to Financial Accounting – Concepts – Conventions – Importance and scope – Accounting Principles – Double entry system – Brief overview of accounting cycle – introduction to Balance Sheet and Income Statement
2 Accounting for Fixed assets – Introduction – Valuation of Fixed assets – principles and norms of standard
accounting treatment (AS 10)
3 Depreciation – Methods – Accounting – Importance
4 Revenue Recognition - Introduction -Definitions -Sale of Goods -Rendering of Services -The Use by Others of
Enterprise Resources Yielding Interest-Royalties and Dividends -Effect of Uncertainties on Revenue Recognition -
accounting standard (AS 9)
5. Provisions – Doubtful Debt – Bad Debt – Importance – Provisions – Reservations – Accounting Treatments
6. Financial Statements – Introduction to Corporate Final Accounts as per Schedule VI of Companies Act 1956
Income Statement – Interpretation of Annual Reports.
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Module – II(Cost accounting) |
1. Cost Accounting : key terms, cost concepts, classifications, total cost components, cost accounting and
management accounting, cost accounting and financial accounting.
2. Elements of Cost : Materials (Purchasing, Storekeeping, Issue, Pricing & Control); Labour (Costing &
Control) ; Overheads ( Analysis, Distribution and Control, Treatment of Special Items ).
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Text |
Module I
Bhattacharyya, Ashis K.: Financial Accounting for Business Managers, PHI
Gupta: Financial Accounting for Management, Pearson education
Narayanaswamy, R : Financial Accounting, PHI
Ramchandran, Kakani: Financial Accounting for managers, Tata McGraw-Hill
Shah : Basic Financial Accopunting For management, OUP
Module II
Banerjee, Bhabatosh - Cost Accounting : Theory and Practice, PHI, 12th edition, 2007
Bhattacharyya, Ashis K - Principles and Practice of Cost accounting, PHI
Jain ,S. P. & Lall Nigam, B M : Cost Accounting - Principles & Practice, PHI
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Reference |
Module I
Anthony, Hawkins, Merchant: Accounting:Text & Cases, McGraw-Hill International
Horngren, Sundem, Elliot: Introduction to Fianacial Accounting, Pearson Education
Weygandt, Kieso, Kimmel: Financial Accounting, Wiley.
Module II
Horngren, Dattar, Foster: Cost Accounting, Pearson education
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