ACCOUNTING FOR MANAGEMENT AND REPORTING
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ACCOUNTING FOR MANAGEMENT AND REPORTING SOLVED PAPERS AND GUESS
Product Details: UTKAL UNIVERSITY ACCOUNTING FOR MANAGEMENT AND REPORTING
Format: BOOK
Pub. Date: NEW EDITION APPLICABLE FOR Current EXAM
Publisher: MEHTA SOLUTIONS
Edition Description: 2021-22
RATING OF BOOK: EXCELLENT
ABOUT THE BOOK
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If you find yourself getting fed up and frustrated with other DAV Institute of Engineering and Technology UNIVERSITY book solutions now mehta solutions brings top solutions for ACCOUNTING FOR MANAGEMENT AND REPORTING contains previous year solved papers plus faculty important questions and answers specially for DAV Institute of Engineering and Technology UNIVERSITY .questions and answers are specially design specially for DAV Institute of Engineering and Technology UNIVERSITY students .
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ACCOUNTING FOR MANAGEMENT AND REPORTING
Unit I Introduction to Accounting: Accounting as an information system, Accounting Process, concepts, convention and principles of Accounting, Role of accountant in an organization. Branches of accounting: Financial, Cost and Management Accounting and their interrelationships, Exposure to format of schedule VI of Public Limited, Banking and Insurance Companies.
Unit II Cost Accounting: Meaning, Objectives, Scope and Classification of costs, Preparation of Cost Sheet. Marginal Costing -Concept of Marginal Cost; Marginal Costing Vs Absorption Costing; Cost-Volume-Profit Analysis; Break-Even Analysis; Assumptions and its practical applications for managerial Decision making with special reference to pricing, make or buy decisions, selection of Sales-Mix. Standard Costing: Introduction, Variance Analysis, types of Variances- Materials and Labour Variances. Budgetary Control- Types of Budgets Master budget Zero base budgeting, Fixed Budget and Flexible Budgets, Zero Base Budget, Participative Budget and Performance Budget.
Unit III Financial Statement Analysis: Concepts and objectives, Tools of Financial Analysis: trend analysis, common size statements, comparative statements, Ratio analysis:- Liquidity, solvency, profitability, turnover ratios, Cash flow statements and funds flow statements.
Unit IV Recent Developments in Accounting: Introduction to concept of Price Level Accounting, Human Resource Accounting, Transfer Pricing. Target Costing, Kaizen costing, Activity based costing, Life Cycle Costing. Financial Reporting and Regulations: Meaning, objectives, principles and environment of financial reporting; Introduction to Accounting Standards issued by ICAI, US GAAPs, International Accounting Standards, IFRS, Applicability of various accounting standards, comparison and the process of harmonization.
