Accounting: Need of accounting –Definition-Book Keeping-Objective of accounting-Advantages-Limitations -Difference between Single Entry and Double Entry - Accounting concepts and conventions. Journal: Meaning-Definition-Transaction analysis for journal entries-Ledger: Meaning-Posting of journal and ledger-Balancing of Ledger accounts
Trial balance: Meaning-Definition-Objective-Methods of preparation. Subsidiary books: Meaning-Benefits-Preparation of Individual Subsidiary Books: Purchase Return Book, Sales Return Book, cash book with single column and petty cash book.
Final accounts: Introduction-Trading accounts-Profit & Loss Account-Balance sheet- Problems with simple adjustments
Cost Accounting: Definition of cost-Costing, Cost Accounting and cost Accountancy-Scope and objectives of cost Accounting- Cost accounting Vs Financial Accounting-Difference between Cost Accounting and Financial Accounting-Essential of good costing system-Elements of cost - Cost sheet: Purposes of cost sheet-Specimen of cost sheet- Preparation of cost sheet.
Meaning And Definitions-Objectives-Distinction Between Cost Audit And Financial Audit,Advantages-Social Audit - Its Objectives & Approaches.
Reference Book:
1. Financial Accounting – T.S.Reddy & A.Murthy – Margham Publication, Chennai Reprint 2014. 2. Cost Accounting - S.P. Jain and K.L.Narang Kalyani publishers, New Delhi.2005 3. Cost accounting – Dr.M.Wilson,Himalaya publishing House. Third edition 2011.
Text Book:
1. Principles of Accountancy - N.Vinayakam.P.L Mani,K.L Nagarajan –– S.Chand & Co. Ltd, New Delhi, 2010. 2. Cost accounting - A.Murthy and Dr. S.Gurusamy, Vijay Nicole Imprints Private limited, Chennai, 2014 3. Cost accounting – Dr.M.Wilson,Himalaya publishing House. Third edition 2011.