1. Basics of Bookkeeping and
accounting 10%
a)
Definitions and its usefulness
b)
Financial Accounting principles, concept
and convention – measurement of business income
c)
Position statement
d)
Accounting Standards – national and
international (basic knowledge)
2. Systems of Bookkeeping
10%
a)
Double entry system, books of prime entry,
subsidiary books
b)
Recording of cash and Bank transactions
c)
Preparation of ledger accounts
d) Preparation
of trial balance – interpretation and usefulness
3. Bank Reconciliation
statements 5%
Need for
reconciliation between cashbook and bank pass book and problems relating to the
preparation of bank
reconciliation statements.
4. Accounting System 25%
reconciliation statements.
4. Accounting System 25%
a)
Concept of capital, revenue, deferred
revenue expenditures, opening entries, closing entries, adjustment entries
and rectification entries.
and rectification entries.
b)
Accounting treatment for bad debts,
reserve for bad debts and other adjusting entries.
c)
Depreciation- significance, accounting and
various methods of calculation of depreciation.
d)
Concept of single entry system, conversion
of single entry system into double entry system of accounting.
e)
Preparation of receipts and payments
accounts, income and expenditure accounts.
f)
Significance of reserves and provisions.
g) Bill of
Exchange, consignment and joint venture
5. Elements of Cost Accounting 15%
a)
Basics of cost and management accounting:
Evolution of cost accounting and management accounting, cost concepts and cost
object, Cost classification, cost organization and its relationship with other
departments.Elements of cost and cost determination.
b)
Material cost-purchase procedure, store
keeping and stock control, pricing issue of material and accounting thereof,
perpetual inventory and physical stock taking, identification of slow, non-moving and fast moving items, ABC analysis, JIT system, level of inventories and economic order quantity, analysis, investigation and corrective steps for treatment of stock discrepancies – control through other means.
perpetual inventory and physical stock taking, identification of slow, non-moving and fast moving items, ABC analysis, JIT system, level of inventories and economic order quantity, analysis, investigation and corrective steps for treatment of stock discrepancies – control through other means.
c)
Labour costs – remuneration methods,
monetary and non-monetary incentive schemes, payroll procedures, labour
analysis and idle time, measurement of labour efficiency and productivity, analysis of non productive time and its cost, labour turnover and remedial measures, treatment of idle time and overtime.
analysis and idle time, measurement of labour efficiency and productivity, analysis of non productive time and its cost, labour turnover and remedial measures, treatment of idle time and overtime.
d)
Direct expenses – nature, collection,
classification and treatment of direct expenses.
e)
Overheads – nature, collection and
classification. Production overheads – collection, apportionment, absorption,
use of predetermined recovery rates, treatment of under and over absorption,
fixed, variable and semi variable overhead, report for control of overhead
cost. Administration, selling and distribution overheads – analysis, accounting
and control, treatment of miscellaneous items in cost accounting.
6. Cost Sheets 15%
a)
Cost data collection
b)
Cost Sheet formats
c)
Preparation of cost sheets.
7. Behaviour of Costs 20%
a)
Fixed & Variable costs
b)
Direct & Indirect costs
c)
Cost Behaviour for decision making
d)
Marginal Costing and Break Even Analysis