The Role of Accounting Information and the IASB conceptual Framework; Recording Transactions using
the extended accounting equation; Fundamental Accounting Concepts; Preparing Final Accounts as per
IAS 1 for a company; Value Added Tax; Desirable Attributes of Accounting Information; Interpretation of
Financial Statements; Cost classification; Costing a product or service using full costing; overhead
absorption; variable costing; decision-making techniques for short term decisions; The financial system;
Capital markets; types of financial assets; Time value of money ; the Required Rate of Return v/s Return
on Investment; Capital Budgeting : an introduction ; Valuation of Financial Assets; introduction to Risk,
Return and Diversification analysis.
