Hi Friends, I am sharing an excellent quality summary eBook and PDF lecture notes for the subject - Financial Accounting as per the MBA syllabus. These notes and eBook on Financial Accounting will help you quickly prepare and revise during your MBA examinations.
List of key topics covered in Financial Accounting Summary eBook and PDF Lecture Notes:
List of key topics covered in Financial Accounting Summary eBook and PDF Lecture Notes:
- Introduction to Financial Accounting: Introduction, Scope and Objectives, Branches of Accounting, Accounting Principles and Standards.
- Financial Accounting Framework: Journalizing Transactions: Recording of Transaction, Advantages of Journal, Classification of Accounts and its Rules, Compound Entries; Ledger: Introduction, Posting and its Rules; Trial Balances: Trial Balance Preparation, Errors Disclosed by Trial Balance, Methods of Allocating Errors in Trial Balance.
- Basic Principles of Preparing Final Account: Capital Expenditure; Revenue Expenditure; Deferred Revenue Expenditure; Capital Receipts; Income Statements: Profit and Loss Statement; Balance Sheet; Final Accounts: Adjustments.
- Concept of Management Accounting: Principles, Functions and Scope of Management Accounting; its Limitations; Management Accountant: Functions; Basic Cost Concepts; Components of Total Cost; Elements of Cost and Cost Sheet; Methods, Systems and Techniques of Costing.
- Tools of Financial Analysis: Budgets: Introduction, Advantages and Disadvantages, Essentials of Budgetary Control, Budget Manual and its Working, Budget Key Factor; Fixed and Flexible Budgets; Functional and Master Budgets: Sales and Cash Budget; Zero Based and Incremental Budgets.
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