ACCOUNTING FOR MANAGERIAL DECISIONS PAPER FOR M.COM FIRST SEM

ACCOUNTING FOR MANAGEMENT PAPER FOR MBA FIRST SEM

ACCOUNTING FOR MANAGEMENT PAPER (2)/MBA/FINAL EXAM

ACCOUNTING FOR MANAGERIAL DECISIONS/M.COM/FINAL QUESTION PAPER

ACCOUNTING FOR MANAGEMENT/QUESTION PAPER/FINAL EXAM

FINANCIAL STATEMENTS--NATURE AND ATTRIBUTES OF FINANCIAL STATEMENTS

 

•     FINANCIAL STATEMENTS

•     UGC NET COMMERCE/MANAGEMENT

•     ACCOUNTING FOR MANAGEMENT DECISIONS

•     DR SHASHI AGAGRWAL

•     MEANING AND DEFINITIONS

•     MAY REFER TO ANY FORMAL AND ORIGINAL STATEMENTS WHICH DISCLOSE FINANCIAL INFORMATION TO ANY BUSINESS CONCERN. OUTCOME OF SUMMARISING PROCESS OF ACCOUNTING. ALSO CALLED FINANCIAL REPORTS

•     THE FINANCIAL STATEMENTS ARE PREPARED ON THE BASIS OF RECORDED FACTS.

ACCOUNTNG CYCLE &ACCOUNTING TERMNILOGY

 

•     ACCOUNTING CYCLE AND ACCOUNTING TERMNILOGY

•     BY DR SHASHI AGGARWAL

 

•     ACCOUNTING CYCLE

1. ACCOUNT CYCLE IS A STEP BY STEP PROCESS OF RECORDING, CLASSFICATION AND SUMMARIZATION OF ECONOMIC TRANSACTIONS OF A BUSINESS.
2. IT GENERATES USEFUL FINANCIAL INFORMATION IN THE FORM OF FIANCIAL STATEMENTS INCLUDING INCOME STATEMENTS BALAANCE SHEETS, CASH FLOW STATEMENTS AND STATEMENT OF CHANGES IN EQUITY.

DOUBLE ENTRY SYSTEM

 

• 
  DOUBLE ENTRY SYSTEM
  
• BUSINESS ACCOUNTING/ACCOUNTING FOR MANAGEMENT
• DR. SHASHI AGGARWAL
• DOUBLE ENTRY SYSTEM
  
  
  
  
• MEANING

1. FEATURES.ADAVANATGES AND DISADVANTAGES
2. TRADITIONAL APPROACH
3. MODERN APPROACH

• DOUBLE ENTRY SYSTEM

1. LUCA  FRIAR PACILOI ----FATHER OF MODERN ACCOUNTING
2. FIRST PRINTED BOOK ON DOUBLE ENTRY BOOK KEEPING ---SUMMA DE ARTHIMETICA GEOMETRICS PROPORTION ET PROPORTIONALITA
3.  METHOD OF ARRANGING ACCOUUNT IN SUCH A WAY THAT THE DUAL ASPECT WOULD BE EXPRESSED BY A DEBIT AMOUNT AND EQUAL AND OFFSETTING CREDIT ACCOUNT

• MEANING
• DOUBLE ENTRY SYSTEM IS THE SYSTEM UNDER WHICH EACH TRANSACTION IS REGARDED TO HAVE TWO FOLD ASPECTS AND BOTH THE ASPECTS ARE RECORDED TO OBTAIN COMPLETE RECORD OF DEALINGS. EACH TRANSACTION THE DEBIT AMOUNT MUST BE EQUAL TO CREDIT
• DUAL CONCEPT IS THE BASIS OF ACCOUNTING EQUATION. UNDER THIS CONCEPT :-
• EQUITIES = ASSETS
• CAPITAL + LIABILITIES = ASSETS

BUDGETARY CONTROL

MEANING , TOOLS AND TECHNIQUES OF MANAGEMENT ACCOUNTING

VALUE CHAIN ANALYSIS

• VALUE CHAIN ANALYSIS
• STRATEGIC MANAGEMENT/STRATEGIC COST MANAGEMENT/UPSC FOR COMMERCE AND MANAGEMENT/ACCOUNTING FOR MANAGEMENT
• BY DR. SHASHI AGGARWAL
• MEANING OF VALUE CHAIN ANALYSIS
• THE VALUE CHAIN IN APPROACH WAS DEVELOPED BY MICHAEL PORTER IN HIS BOOK” COMPETITIVE ADVANTAGE. VALUE CHAIN ANALYSIS IS USEFUL IN ANALYZING BOTH INTRA-ORGANISATION AND INTER ORGANIZATION PROCESSES IN ORDER TO IDENTIFY THE SOURCES OF COMPETITIVE ADVANTAGES.

LEARN JOURNAL ENTRY WITH IN FIVE MINUTES PART 5 PLUS ONE ACCOUNT/CA/CS FOUNDATION ACCOUNTS

 LEARN JOURNAL ENTRY WITH IN FIVE MINUTES PART 5

PLUS ONE ACCOUNT/CA/CS FOUNDATION ACCOUNTS

• TREATMENT OF DEPRECIATION

1.   WITH THE HELP OF FIXED ASSETS, BUSINESS IS CARRIED ON. LIKE BUILDING,PLANT MACHINERY ETC
2. DEPRECIATION IS THE WEAR AND TEAR OF THE ASSETS
3. PERMANENT DECREASE IN THE VALUE OF THE ASSET
4. DEPRECIATION IS TREATED AS BUSINESS EXPENDITURE
5. DEPRECIATION IS DEBITED AND VALUE OF THE ASSET IS CREDITED

LEARN OPENING ENTRY UNDER JOURNAL ACCOUNTS

OPENING ENTRY UNDER JOURNAL

·         LEARN OPENING ENTRY: JOURNAL
PLUS ONE ACCOUNT

·         MEANING OF OPENING ENTRY

·         A JOURNAL ENTRY BY MEANS OF WHICH THE BALANCES OF VARIOUS ASSETS,LIABILITIES AND CAPITAL APPEARING IN THE BALANCE SHEET OF THE PREVIOUS ACCOUNTING PERIOD ARE BROUGHT FORWARD IN THE BOOKS OF CURRENT ACCOUNTING PERIOD

·         KNOWN AS OPENING ENTRY

·         THIS ENTRY IS PASSED BY DEBITING ALL ASSETS AND CREDITING ALL LIABILITIES. IF THE CAPITAL IS NOT GIVEN THEN

LEARN JOURNAL ENTRY IN FIVE MINUTES 4 ACCOUNTING

LEARN JOURNAL ENTRY JUST IN FIVE MINUTES ACCOUNTS

• LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 2
  PLUS ONE ACCOUNT
• MBA/BBA/BCOM/CA AND CS FOUNDATION BUSINESS ACCOUNTING
• RULES ( TRADITIONAL RULES) 

1. PERSONAL ACCOUNTS :- DEBIT THE RECEIVER AND CREDIT THE GIVER
2. REAL ACCOUNT :- DEBIT WHAT COME IN , CREDIT WHAT GOES OUT
3. NOMINAL ACCOUNT:- DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS

LEARN JOURNAL ENTRY JUST IN FIVE MINUTES

JOURNAL

• JOURNAL
  FOR PLUS ONE ACCOUNT
• BBA/MBA/CA AND CS FOUNDATION

   MEANING

·         JOURNAL IS A BOOK OF ORIGINAL ENTRY IN WHICH ALL THE BUSINESS TRANSACTION ARE RECORDED SYSTEMATICALLY.SUCH BOOKS ARE ALSO KNOWN AS SUBSIDIARY BOOKS.IT REFLECT THE RELATION THAT EXIST BETWEEN TWO ASPECTS THAT IS DEBIT AND CREDIT

·         M.J KEELER HAS DEFINED THE JOURNAL AS A CHRONOLOGICAL RECORD OF FINANCIAL TRANSACTIONS OF A BUSINESS.

COST CLASSIFICATION PART 1 COST ACCOUNTING

CLASSIFICATION OF COST PART 1 COST ACCOUNTING

• CLASSIFICATION OF COST PART 1
• COST ACCOUNTING
• ACCOUNTING FOR MANAGEMENT
• MEANING

1. COST IS THAT WHICH IS GIVEN OR SACRIFICED TO OBTAIN SOME THING
2. VALUE IS MEASURED IN USEFULNESS BUT COST IS MEASURED IN MONEY
3. EXPENSES  ARE COSTS WHICH HAVE BEEN INCURRED TO GENERATE REVENUE
4. LOSS DENOTES SACRIFICE FOR WHICH THERE IS NO CORRESPONDING RETURN