Financial Accounting Study Notes PDF

Financial Accounting: Definition - Accounting Principles - Concepts and conventions - Trial Balance -- Final Accounts - Depreciation Methods-Straight line method, Written down value method, Sinking fund method. Financial Statement Analysis: Objectives - Reorganizing the Financial Statement Informat...

Financial Accounting: Definition - Accounting Principles - Concepts and conventions - Trial Balance -- Final Accounts - Depreciation Methods-Straight line method, Written down value method, Sinking fund method. Financial Statement Analysis: Objectives - Reorganizing the Financial Statement Information - Techniques of Financial Statement Analysis: Comparative Statements, Common -- Size statement, Trend Percentage - Accounting Ratios: Construction of balance sheet using ratios -Dupont analysis. Fund Flow Statement - Statement of Changes in Working Capital - Computation of Fund from Operations - Workings for Computation of various sources and uses - Preparation of Fund Flow Statement - Cash Flow Statement Analysis - Computation of cash from Operations Problems - Distinction between Fund Flow and Cash Flow Statement. Cost Accounting: Meaning - Distinction between Financial Accounting and Cost Accounting \- Cost Terminology: Cost, Cost Centre, Cost Unit - Elements of Cost - Budget, Budgeting, and Budgeting Control - Types of Budgets - Preparation of flexible and fixed budgets, master budget and cash budget - Problems -Zero Base Budgeting. Marginal Costing: Definition - Distinction between marginal costing and absorption costing -- Break-Even Point Analysis - Contribution, p/v ratio, margin of safety - Decision making under marginal costing system: Key factor analysis, make or buy decisions, export decision, sales mix decision