In today's business world virtually everything has financial implications. Accounting is the language that communicates the financial results of the business. As with every discipline, Accountancy also has its own rules and syntax which comprises the principles on which the system is based.

Accounting provides key information used by executives in decision making and plays a vital societal role in resource allocation. The knowledge of Accounting is required for everyone in business, regardless of the position they hold, since they are accountable for their actions.

PG Diploma Program in Accounting is designed to equip students/executives with the knowledge and skills needed for a successful career in the exciting field of accounting.

Program Structure

The program covers all the important topics related to accounting in two groups consisting of two subjects each. The structure of the program is given below:

Group/Part

Subjects

Group A

Part I

Financial Accounting - I

Part II

Financial Accounting - II

Group B

Part III

Cost & Management Accounting - I

Part IV

Cost & Management Accounting - II

Outline Curriculum

Group A

Part I: Financial Accounting - I

  • Nature and Purpose of Accounting

  • Accounting Concepts and Principles

  • Accounting Process

  • Bank Reconciliation Statement

  • Preparation of Trial Balance & Rectification of Errors

  • Preparation of Financial Statements

    • Profit and Loss Account

    • Balance Sheet

  • Accounting for Non-Profit Concerns

Part II: Financial Accounting - II

  • Accounting for Shares

  • Accounting for Debentures

  • Company Financial Statements

  • Accounting for Investments and Insurance Claim

  • Bills of Exchange

  • Accounting for Royalties

  • Hire Purchase and Installment Sales

  • Branch Accounts

Group B

Part III: Cost & Management Accounting- I

  • Introduction to Cost & Management Accounting

  • Basic Costs Concepts & Cost Sheet

  • Cost Allocation and Apportionment

  • Job Costing & Batch Costing

  • Contract Costing

  • Process Costing

  • Joint Products & By Products

  • Service Costing

  • Marginal Costing and Break Even Analysis

Part IV: Cost & Management Accounting- II

  • Cost Analysis and Decision Making: 

    • Production Decisions

  • Cost Analysis and Decision Making: Marketing Decisions

  • Budgeting & Budgetary Control

  • Standard Costing & Variance Analysis

  • Divisional Performance Appraisal

  • Behavior Aspects of Control

  • Cost Audit

  • Strategic Cost Management

  • Management Information & Reporting System

© 2005-08  The ICFAI University, Tripura. All rights reserved.  Contact The ICFAI University, Tripura for further information
Kamalghat, Sadar, West Tripura - 799210, India.  Tel: 0381-2865755/56/57/58   Fax: 0381-2319381