UNIT-1 Overview: Accounting concepts conventions and principles Accounting Equation International Accounting principles and standards Matching of Indian Accounting Standards with International Accounting Standards UNIT-2 Mechanics of Accounting: Double entry system of accounting journalizing of transactions; preparation of final accounts Trading Account, Manufacturing Accounts, Profit & Loss Account Profit & Loss Appropriation account and Balance Sheet Policies related with depreciation Inventory and intangible assets like copyright, trademark, patents and goodwill UNIT-3 Analysis of financial statement: Ratio Analysis- solvency ratios profitability ratios, activity ratios, liquidity ratios, market capitalization ratios Common Size Statement ; Comparative Balance Sheet Trend Analysis of manufacturing, service & banking organizations. UNIT-4 Funds Flow Statement: Meaning, Concept of Gross Net Working Capital, Preparation of Schedule of Changes in Working Capital Preparation of Funds Flow Statement and its analysis Cash Flow Statement: Various cash and non-cash transactions flow of cash, preparation of Cash Flow Statement and its analysis.