Financial Management : 1.1. Meaning, Nature, Scope and Objectives 1.2. Traditional & Modern Approaches 1.3. Functional areas of finance 1.4. Few Concepts of finance: 1.4.1. Time value of Money, Concept of risk & return 1.4.2. Interest Rates: Nominal Interest Rate, Real Interest Rate 1.4.3. Measuring shareholders Value Creation : Economic value Added.
Finance for Planning & control : 2.1. Budget & Budgetary Control – 2.1.1. Concept, Objectives, & Limitations 2.1.2. Classification of Budgets – Operating, Financial & Capital Budget 2.1.3. Cash Budget, Flexible budget 2.2. Standard Costing – 2.2.1. Concept, Essentials of an effective system of standard costing 2.2.2. Calculation of Material Variances 2.2.3. Calculation of Labor Variances 2.2.4. Causes & Disposition of the variances.
Analysis & Interpretation of Financial Statements : 3.1 Techniques of financial Statement Analysis: Comparative Financial Statements, Common Size Statement, Trend Analysis, Ratio Analysis 3.2 Ratio analysis : Liquidity Ratios, Activity Ratios, Profitability Ratios, Solvency Ratios 3.3 Limitations of Ratio Analysis.
Funds flow & Cash Flow Analysis : 4.1 Concept of Funds, Funds from Operations, 4.2 Statement of changes in working capital, Funds Flow Statement 4.3 Preparation of Cash flow statement (Refer AS-3)
Marginal Costing & Break Even Analysis : 5.1 Concept of Marginal Cost: Contribution, Variable Cost, Fixed Cost, Semi-Variable Cost 5.2 Margin of Safety, PV Ratio 5.3 Assumptions of Break Even Analysis & Calculations of Break Even Point.
Management of Working Capital : 6.1 Concepts : Gross and Net, Permanent & Temporary, Operating Cycle 6.2 Disadvantages of insufficient Working Capital 6.3 Financing Of Working Capital, Maximum Permissible Bank finance 6.4 Factors Determining Working Capital Requirement 6.5 Estimation of Working Capital Requirement.