Executive Programme
1. Accounting standards - relevance and significance; national and
international accounting standards.
2. Accounting for share capital transactions - issue of shares at par, at
premium and at discount; forfeiture and re-issue of shares; buy-back of
shares; redemption of preference shares; rights issue.
3. Issue of debentures - accounting treatment and procedures;
redemption of debentures; conversion of debentures into shares.
4. Underwriting of issues ; acquisition of business ; profits prior to
incorporation ; treatment of preliminary expenses.
Cost accounting – objectives of costing system; cost concepts and
cost classification; management accounting – nature and scope; role
of management accountant, tools and techniques of management
accounting; distinction between financial accounting, cost accounting
and management accounting.
9. Elements of cost :
(i) Material cost – purchase procedures, store keeping and
inventory control, fixing of minimum, maximum and re-order
levels, ABC analysis, pricing of receipts and issue of material
and accounting thereof; accounting and control of wastage,
spoilage and defectives.
(ii) Labour cost – classification of labour costs, payroll
procedures, monetary and non-monetary incentive schemes;
labour turnover and remedial measures; treatment of idle time
and overtime.
(iii) Direct expenses – nature, collection and classification of direct
expenses and its treatment.
(iv) Overheads – nature, classification, collection, allocation,
apportionment, absorption and control of overheads.
5. Preparation and presentation of final accounts of joint stock
companies as per company law requirements; bonus shares.
6. Holding and subsidiary companies - accounting treatment and
disclosures; consolidation of accounts.
7. Valuation of shares and intangible assets.
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