Basic accounting concepts and convention; Accounting standard; Journal, ledger, subsidiary books, trial balance, reconciliation statement, preparation of financial statements, understanding of financial statements, financial reporting; Introduction to cost accounting, various costing methods, marginal costing and absorption costing, standard costing; Accounting for decision making, theoretical introduction to value added accounting, responsibility accounting, human resource accounting, environmental accounting; Management accounting, budgeting and forecasting, different types of budget, budget preparation, zero base budgeting (ZBB), performance budgeting.