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Semester End Examination – 60 Marks Attendance/Participation/Work Sheets – 10 Marks Class Test – 15 Marks Presentations – 15 Marks Framework of Financial Accounting Financial Statements Fixed Assets and Depreciation Accounting Inventory Valuation Ratio Analysis Inflation Accounting Basics of Auditing Financial Accounting – S.N. Maheshwari Financial Accounting, A Managerial Perspective – R Narayanaswamy Financial Accounting – The ICFAI University Industry Analysis Introduction of the Sector Major companies in the Sector Market Share of various companies Past trend of the sector – 5 years News related to the Sector Future of the Sector Presentation should not exceed 15 mins. Financial Accounting Cost Accounting Management Accounting Social Responsibility Accounting Recording, classifying and summarizing of past events transactions Historical in nature Facts figures Preparation of Financial statements It shows classification analysis of costs on the basis of functions, processes products. It deals with cost computation, costs saving, cost reduction. Uses data generated in Financial Cost Accounting. Data used for managerial decision making. It involves : Accounting for social costs Accounting for social benefits created reporting thereof According to the American Institute of Certified Public Accountants “The art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character interpreting the results thereof”. Identification of Transactions Events Recording of Transactions in a Journal Posting of Journal Entries in Ledger Summarize by preparing Trial Balance, Profit/Loss A/C, Balance Sheet Analyze and Communicate the results to Users Preparation of Financial statements from Trial Balance Profit Loss Account Balance Sheet Owners Managers Investors Cr