Course Coverage

Financial Accounting Cycle including Journal, Day Books, Ledger, Trial Balance, Adjustment Entries, Final Accounts, Rectification of Errors,

Bank Reconciliation Statement, Depreciation Accounting, Accounting for Non-Profit Making Organizations, Accounting for consignment and joint venture, insurance claims.

Partnership Accounts, Accounting for issue, reissue and forfeiture of shares, issue and redemption of preference shares and debentures.

Costing Concepts, elements and Classification of Cost, Unit Costing.

Elementary knowledge of IND AS

1. Financial & Management Accounting
  Basic Accounting concepts, Capital and Revenue, Financial statements

Partnership Accounts : Admission, Retirement, Death, Dissolution and Cash Distribution.

Advanced Company Accounts : Issue, forfeiture, Purchase of Business, Liquidation, Valuation of shares, Amalgamation, Absorption and Reconstruction, Holding Company Accounts.

Cost and Management Accounting : Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-even analysis, Standard costing, Budgetary control, Costing for decision-making.

Responsibility accounting
2. Business Statistics
  Data types, Data collection and analysis, sampling need, errors and methods of sampling, Normal distribution, Hypothesis testing, Analysis and Interpretation of Data.

Correlation and Regression, small sample tests-t-test, F-test and chi-square test.
3. Financial Management
  Capital Structure, Financial and Operating leverage

Cost of capital, Capital budgeting

Working capital management

Dividend Policy
4. Advanced Accounting and Finance
  Accounting standards : IND AS and IFRS, Responsibility Accounting, Social Accounting.

Money and Capital market, Working of stock exchanges in India, NSE, OTCEI, NASDAQ, Derivatives and Options.

Regulatory Authorities : SEBI, Ratting Agencies; New Instruments : GDRs, ADRs

Venture Capital Funds, Mergers and Acquisitions, Mutual Funds, Lease Financing, Factoring, Measurement of risk and returns, securities and portfolios
5. Income Tax and Tax Planning
  Basic concepts, Residential status and tax incidence, exempted incomes, computation of taxable income under various heads.

Computation of taxable income of individuals and firms.

Deduction of tax, filing of returns, different types of assessment; Defaults and penalties.

Tax planning : Concepts, significance and problems of tax planning, Tax evasion and tax avoidance, methods of tax planning.

Tax considerations in specific business decisions, viz., make or buy; own or lease, retain or replace; export or domestic sales; shut-down or closure; expand or contract; invest or disinvest

Computer Application in Income Tax and Tax Planning.

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