On completion of this course the participants are expected
Financial Accounting - Definition - Accounting Principles - Concepts and conventions - Journal - Ledger - Trial Balance - Final Accounts with simple adjustment, Depreciation -Concept – Objectives. Computerization of accounts.
Introduction, Meaning of Production and Production Function- Law of Variable Proportions- Cost of Production: Various types of cost of production (internal cost and external cost) Type I Cost of production: Short run cost of production analysis. Type II cost of production: Long run cost of production analysis– Externality- Positive and Negative Externality.
Ratio Analysis - Calculation of ratios - construction of balance sheet using ratios. Cash flow statement - Preparation of Cash Flow Statement.
Budget and Budgeting Control - Meaning - Types of budgets - Preparation of Functional and Flexible budgets and Zero Base Budgeting
Additional information in annual report– segment reporting, notes to financial statement – full disclosure – comparative statement – management discussion and analysis. Recent trends in accounting
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