This course deals with the basic theoretical and practical aspects of Financial Accounting and Cost and Management Accounting. It is intended to provide an introductory level understanding of the concepts and techniques of Financial Accounting, Cost Accounting and Management Accounting, specially focusing on providing guidance on decision making of business entities. It mainly attempts to expose the students to the accounting process, financial statements of business entities including limited liability companies,
controlling cost elements, short-term decision making and performance management systems etc. The course finally focuses on trends in financial accounting and management accounting.