This course introduces basics of Cost Accounting which provides information regarding ascertainment of cost per unit of different products and techniques that includes principles and rules. It provides the company to take vital decisions such as the introduction of a new product and selection of a most profitable product mix. Students will know to prepare Cost sheet, calculate the closing stock using material different methods. In addition to these skills students are also able to ascertain the cost and detect the exact cause of the decrease or increase in profit or loss.
Finance is the lifeblood of any business and accounting is known as the language of business. Accountants are getting more and more involved in the strategic decision making process in the business. This financial information gathered from financial statements is communicated to the management to make strategic decisions. Hence it is very important to understand the intricacies of management accounting system. Management accountants are amongst the most sought after professionals in the field of financial sector today. Management Accounting prepares students to develop understanding of the role and importance of management accounting in organisations.
This course introduces basic cost accounting which provides information regarding ascertainment of cost per unit of different products and techniques that includes principles and rules. It focuses on quality for saving in cost and guides the management to control the major functions of a business. It helps management in carrying out efficiently its function –planning, budgeting and decision-making by developing cost procedures that provide information to the business. It provides the company to take vital decisions such as introduction of a new product and selection of a most profitable product mix.By the end of this course, students will learn the cost analysis, behavioral classification of cost, steps under process costing, techniques of material control. Cost Accounting course is designed to serve as a stepping stone for you to build a career in the field of Finance.
The course is aimed to sensitise the management graduates about the basics of ‘Financial Accounting and Reporting’. It emphasises on the role of accounting in an organisation. It concentrates on how accounting affects the financial decisions at organisations. This course is designed to help students learn how to prepare financial statements, students will be able to recognise important periodical adjustments and its effect on financial statements. By the end of this course, students will be able to read financial statements - income statement, balance sheet and statement of cash flows. This course also gives inputs on the US GAAP and International Financial Reporting Standards (IFRS) which helps the students to create financial reporting standards. This course is designed to serve as a stepping stone for the students to build a career in the field of accounting.