The Financial Accounting Section: Nature and Purpose of Accounting including Basic Concepts; Conceptual Framework; International Accounting Standards; Preparation of Financial Statements including the cash flow statement; Reporting Financial Performance; Financial Reporting issues including creative accounting; Financial statement analysis.
The Cost Accounting Section: Role of Management Accounting in a Wide Range of Sectors, including Manufacturing and Service; Cost Classification and Behaviour - Materials, Labour, Overheads; Costing Methods - Marginal, Absorption and Activity-based costing; Cost Volume Profit Analysis and Relevant Costing; Introduction to Budgeting and Budgetary Control; Investment appraisal techniques; Financial Performance in the Private Sector; Non-Financial Performance indicators of Business
