1. Introduction to Management Accounting 
1.1 Meaning and Nature of Management Accounting
1.2 Scope of Management Accounting
1.3 Tools and techniques of Management Accounting
1.4 Importance of Management Accounting
1.5 Limitations of Management Accounting
1.6 Difference between Financial Accounting and Management Accounting
1.7 Difference between Cost Accounting and Management Accounting
1.8 Role / Functions of Management Accountants

2. Analysis and Interpretation of Financial Statements 
2.1 Meaning, nature of Financial Statements
2.2 Objectives and Limitations of Financial Statements
2.3 Meaning of Financial Statement Analysis
2.4 Methods of Financial Statements Analysis – Horizontal and Vertical Analysis
2.4.1 Comparative Statements
2.4.2 Common size Statements
2.4.3 Trend Percentage
2.5 Inter-firm comparison – requirements, advantages and limitation

3. Ratio Analysis 
3.1 Meaning of Ratio and Ratio Analysis
3.2 Objectives, Advantages and Limitations
3.3 Types of Ratio (Solving practical problems on preparation of Financial Statements of an organization, from the given ratios and available information after finding out the missing figures)
3.3.1 Liquidity Ratios
3.3.2 Profitability Ratios – including concept of DuPont Analysis
3.3.3 Solvency Ratios
3.3.4 Activity/Turnover Ratios

4. Management of Working Capital 
4.1 Concept and definition of working capital
4.2 Types of working capital
4.3 Significance of working capital
4.4 Factors determining working capital requirement
4.5 Sources of working capital
4.6 Components of working capital; Assessment of working capital needs – Calculating operating cycle period and estimation of working capital requirements
4.7 Financing of working capital and Maximum permissible bank finance as per the norms of bank finance – Tandon Committee recommendations

5. Fund Flow Analysis 
5.1 Concept and Meaning of Fund Flow Statement (FFS) or Statement of Sources and Application of Funds
5.2 Significance, uses and limitations of Fund Flow Statement
5.3 Preparation of Fund Flow Statement – procedure for preparing FFS
5.4 Solving Practical Problems of Fund Flow Analysis
[Advanced practical problems to be set on preparation of Fund Flow statement, Schedule of changes in working capital, Adjusted Profit and Loss Account and related statements, based on the given information]

6. Cash Flow Analysis 
6.1 Concept and Meaning of Cash Flow Statement (CFS)
6.2 Significance of Cash Flow Statement and Limitations of Cash Flow Statement
6.3 Difference between Cash Flow Analysis and Funds Flow Analysis
6.4 Preparation of Cash Flow Statement – procedure for preparing CFS as per the requirements of the Accounting Standard “AS-3 (Revised) – Cash Flow Statement” issued by the ICAI
6.5 Solving Practical Problems using Direct method and Indirect Method
[Advanced practical problems to be set on preparation of Cash Flow statement using Direct method and Indirect Method as per the requirements of the Accounting Standard “AS-3 (Revised) – Cash Flow Statement”]