17CT46 Financial and Cost Accounting syllabus for CT

Financial Accounting:

Basic Concept – Definitions of Book Keeping and Accounting – Objectives and Functions of Accounting – Types of Accounts – Rules of Debit and Credit, Journal – Ledger – Trial Balance.

Preparation of Final Accounts – Adjusting Entry – Trading, Profit and Loss Account and Balance Sheet.

Budget - Meaning and definitions – Preparation of Functional Budgets – Cash Budget - Sales Budget – Purchases and Production Budget – Flexible Budget.

Capital Budgeting – Nature, Importance and Objectives – Process involved in Capital Budgeting – Kinds of Capital Budgeting Decision

Methods of Evaluating Investment Proposals –

Payback method – Payback profitability method – Discounted Cash Flow method – Net present – Value method

Costing concepts –

Meaning and Definition – Objectives – Difference between Cost of Financial Accounting Cost Classification Statement of Cost and Estimation – Methods of Costing – Job Costing and Process Costing

Project Accounts –

Preparation of Contract Accounts for each project – Methods of Recording and Reporting Site Accounts to Project Office and from Project Office to Head Office.

Course outcomes:

After a successful completion of the course, the student will be able to:

6. Apply the knowledge of concepts of finance and cost accounting in construction.

7. Analyze the financial accounting and cost of construction projects.

8. Assess the financial position to investment in a project

Program Objectives (as per NBA)

1. Engineering Knowledge.

2. Problem Analysis.

3. Interpretation of data.

Question paper pattern:

• The question paper will have Ten questions, each full question carrying 16 marks.
• There will be two full questions (with a maximum Three sub divisions, if necessary) from each module.
• Each full question shall cover the topics under a module.
• The students shall answer Five full questions selecting one full question from each module.
• If more than one question is answered in modules, best answer will be considered for the award of marks limiting one full question answer in each module.

Reference Books:

3. Bhattacharya S.K. and Dearden John, “Accounting for Management”, Vani Educational Books, Mumbai (Latest Edition).

4. Saravanvel P. “Management Accounting” Principles and Practices.

5. B.S. Raman “Accountancy”.

6. Prof. K.S. Nagapathi, “Management Accounting” R. Chand and Co., New Delhi.

7. Kuchal S.C. “Corporate Finance”, Tata McGraw Hill, New Delhi.