Accounting: Need of accounting – Definition - Book keeping - Objectives of accounting – Advantages – Limitations – Branches - Methods of accounting - Difference between Single Entry and Double Entry - Accounting Concepts and Conventions. Journal: Meaning - Transaction analysis for journal entries – Ledger: Meaning - Posting of Journal to Ledger - Balancing of Ledger accounts.

Trial balance: Meaning – Definition – Objectives – Methods of Preparation. Subsidiary books: Meaning – Benefits – Preparation of Individual Subsidiary Books: Purchase Book -Sales Book, Purchase Return Book, Sales Return Book, cash book with Single Column and Petty Cash Book.

Final accounts: Introduction – Trading account - 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: Materials – Labour – Expenses - Overheads - Classification of Overheads - Expenses excluded from costing. Cost Sheet: Purposes of cost sheet - Specimen of Cost Sheet - Preparation of Cost Sheet.

Material control: Meaning of material control - Objectives of Material Control –Essentials – Advantages. Purchasing: Purchase department and its objectives - Centralized Vs Decentralized Purchasing - Qualification and duties of Purchase Manager. Inventory Control and its techniques – Economic Order Quantity - Pricing of Material issue: FIFO, LIFO, Simple Average and Weighted Average.