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[QUOTE=ijt.Ranjani;315623][B][U]Organisation [/U][/B]: The Institute of Cost Accountants of India
[B][U]Announcement [/U][/B]: Syllabus
[B][U]Course Name [/U][/B]: Foundation Course

[B][U]Download Syllabus Here [/U][/B]: [URL]http://www.indianjobtalks.com/uploads/75968-Fdn-Course.pdf[/URL]
[B][U]Home Page [/U][/B]: [URL]http://icmai.in/icmai/index.php[/URL]

[B][U]Foundation Course Syllabus :[/U][/B]
[B]Section A[/B] - [B]Fundamentals of Economics [25 marks] :[/B]
[U][B] 1. Basic Concepts of Economics :[/B][/U]
(a) The Fundamentals of Economics  & Economic Organizations 
(b) Utility, Wealth, Production, Capital 
(c) Central Problems of an Economy 
(d) Production Possibility Curve (or Transformation Curve)

(e) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand- price, income and cross elasticity) and  Supply (meaning , determinants, law of supply and elasticity of supply) 
(f) Equilibrium

(g) Theory of Production ( meaning , factors, laws of production- law of variable proportion, laws of returns to scale)
(h) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)

[B][U]2. Forms of Market [/U][/B]:
(a) Various forms of market- monopoly, perfect competition, monopolistic competition, oligopoly, duopoly  
(b) Pricing strategies in various markets

[B][U]3. National Income [/U][/B]:
(a) GDP, NDP,GNP, NNP, Measures of National Income 
(b) Personal Income, Private Income, Disposable Income 
(c) Consumptions, Savings and Investment 
(d) Economic growth and fluctuations

[B][U]4. Money [/U][/B]:
(a) Definition and functions of money 
(b) Inflation - meaning, effect on production and distribution of wealth, control measures

[B][U]5. Banking [/U][/B]:
(a) Definition, functions, utility, principles of Banking 
(b) Commercial Banks, Central Bank 
(c) Measures of credit control and Money Market 
(d) National & International Financial Institutions

[B]Section B – Fundamentals of Management [25 marks] [/B]:
[B][U]6. Evolution of Management Thought   :[/U][/B]
(a) Evolution of Management thought – Classical, Neo-classical, Modern Theories 
(b) Management Process – introduction, planning, organizing, staffing, leading, control, communication,co-ordination.

[B][U]7. Management Process [/U][/B]:
(a) Introduction, planning, organizing, staffing, leading, control, communication, coordination
(b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability 
(c) Leadership & Motivation – Concept & Theories

[B][U]8. Group Dynamics & Organizational Conflicts [/U][/B]:
(a)Group Dynamics- concept of group and team, group formation, group cohesiveness 
(b) Management of organizational conflicts- reasons, strategies

9. Decision-making- types of decisions, decision-making process.

[b][u]Section A [/u][/b]: Fundamentals of Financial Accounting [30 marks]
[b][u]1. Accounting Process [/u][/b]:
(a) Theoretical Framework of Accounting; Generally Accepted Accounting Principles, Concepts and Conventions
(b) Capital and Revenue transactions- capital and revenue expenditures, capital and revenue receipts
(c) Measurement, Valuation and Accounting estimates
(d) Double entry system, Books of prime entry, Subsidiary Books, Cash Book
(e) Journal, Ledger, Trial Balance
(f) Rectification of Errors
(g) Opening entries, Transfer entries, Adjustment entries, Closing entries

2. Bank Reconciliation Statements - basic understanding and application

3. Accounting for Depreciation - methods (Straight Line and Diminishing Balance methods only), computation and accounting treatment

[b][u]4. Preparation of Final Accounts[/u][/b]:
(a) Of a Profit making concern ( for sole proprietorship concern only)
(i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors
(ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet
(b) Of a Not-for- Profit making concern
(i) Preparation of Receipts and Payments Account;
(ii) Preparation of Income and Expenditure Account
(c) Under Single Entry and computation of profit (basic level)

5. Accounting for Special Transactions
(a) Bills of Exchange(excluding accommodation bill, insolvency)
(b) Consignment (cost price, invoice price, commission & valuation)
(c) Joint Venture
(d) Sale of goods on approval or return basis

[b][u]Section B[/u][/b]: Fundamentals of Cost & Management Accounting [20 marks]
6. Fundamentals of Cost Accounting
(a) Cost and Management Accounting – Generally Accepted Cost Accounting Principles & Cost Accounting Standards
(b) Accounting for Material cost (including Accounting of Inventory – FIFO, Weighted Average Cost)
(c) Accounting for Labour costs, Direct Expenses and Overheads
(d) Computation of works cost

7. Fundamentals of Management Accounting - basic concepts of Marginal Costing and Break-even analysis – basic knowledge[/QUOTE]

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