Business Laws

Cost Accounting

Course Outcomes

CO1 Express the place and role of cost accounting in the modern economic environment
CO2 Identify the specifics of different costing methods.
CO3 Apply Costing Concepts in their business and cost related areas.
CO4  Emphasis will be placed upon the application of cost accounting theory in the solution of problems.
CO5  Explain the similarities and differences between job order cost and process cost systems and determine who uses each.
CO6  Apply activity-based costing to service industries.
CO7  Appear confidently for Cost Accounting based college / Professional Course Examinations.

BUSINESS LAWS

BANKING THEORY AND PRACTICE

COMPUTERISED ACCOUNTING THEORY

COURSE DESCRIPTION

This course is 5 credit course offered by O.U.  it consists of 3 theory and 2 practicals


Computerized accounting emphasizes on maintenance of accounting records electronically using Tally package. This imparts practical understanding about process of creating company, creating groups, ledgers recoding of accounting transactions in various vouchers. This provides how to maintain stock keeping units and evaluation as per the records of different godwon locations., item wise etc. This imparts knowledge on tracking of aging of various bills arising out of credit transactions. The improves the decision making skills with help of auto generated MIS reports viz., profit and loss account, balance sheet, cash flow and funds flow statement and ratio analysis.