Centre for Advanced Studies in Management Education & Training ®

PG CERTIFCATE IN FINANCIAL AND MANAGEMENT ACCOUNTING

Program Duration: 6 Months (The admission for this course is valid for 1 year only)

MODULE 1 Cost Accounting

MODULE 1 Cost Accounting

Summary

Understanding Costing, Cost Control and Cost Mgmt of Products and Services.





Coverage
  • Meaning of key terms, objectives of cost accounting
  • Elements of cost-materials, labour, expenses
  • Preparation of cost sheet
  • Concept of marginal costing
  • CVP-Analysis (Break-even point Analysis)
  • Ilustrations on production decisions like adding a new product, dropping a product, make or buy decision, profitable product mix
  • Awareness course on:
  • Budgeting, Budgetary control, standard costing & variance analysis, their concept, objectives, calculation of material variances, labour variances using simple illustrations -Meaning and objectives of accounting ratios

MODULE 2 : Financial Accounting

Summary

To make participants understand the basic concepts of Financial Accoutancy.





Coverage
  • Introduction.
  • Double entry system of Accoounting and book keeping.
  • Rules of debit & credit and their application.
  • Meaning of terms like debtor, creditor, assets, liabilities, goods, journal, ledger, vouchers, insolvency, invioce/credit verification, etc.
  • Errors of commission, errors of omission, errors of principles, compensating errors and their effect on trail balance.
  • Preparation of Trial Balance
  • Recording of Adjustments at the year end.
  • Rules for preparation of financial statements.
  • Practical Examples on preparation of Final Accounts.
  • Meaning of Shares, debentures, share capital, reserves & surplus, current assets, current liabilites, fixed asset, investment, miscellaneous expenditure, contingent liabilities.

MODULE 3 Financial Analysis

Summary

The primary objective is to provide a better understanding of the financial vocabulary to interpret financial statements. Also, the course helps to communicate effectively to the financial executives, establish financial responsibility, understand economic outcomes of business decisions.& understanding macro-level relationship in financial statements.





COURSE SYLLABUS PART 1
  • Meaning and objectives of accounting ratios.
  • Liquidity ratios like current ratio, liquid ratio(quick ratio) debtors turn over ratio, average collection period ratio, inventory turnover ratio, creditors turnover ratio-wise illustrations.
  • Profitability ratios like gross profit ratio, net profit ratio, operating profit(EBIT) ratio operating ratio, assets turnover ratio, Returns, on investments ratio, Earning power ratio, interest coverage radio(i.e., EBIT divided interest), Return on capital employed (ROCE) ratio.
  • Ownership ratio like debt equity ratio, debt asset ratio, book value ratio, EPS, P/E ratio, Rate of return or EPS/market price ratio, DPS(Dividend per share) ratio, divedend cover on payout ratio, dividend ratio, dividend yield ratio, debt service coverage ratio (DSCR).
  • unds flow statement & Cash flow statement, meaning, objective, preparations, limitations, illustrations.

COURSE SYLLABUS

PART 2

  • Interpreting Financial Statements
  •  Evaluating Financial Performance
  •  Time Value of Money
  •  Capital Budgeting
  •  Cost of Capital
  •  International Finance
CORE PROGRAMME STRUCTURE : 2 MONTHS
PRACTICAL COMPONENT : 15 DAYS
PROJECT WORK AND REPORT WRITING : 15 DAYS

 

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