Financial Accounting –– Concepts – Principles – Accounting Systems – Preparation of Financial Statements. Indian Accounting Standards – Creative. Accounting, Annual Report, Presentation and Analysis of Audit Reports and Directors Report. Human Resource Accounting – Fixed Assets and Depreciation Accounting – Inventory Valuation (Basic). - U.S.GAAP Framework and Indian Accounting Standards Framework -. Analysis of Financial Statements –Funds Flow Analysis – Ratio Analysis – Cash Flow Analysis - Cost Accounting – Cost classification Marginal Costing – Performance Budgeting – Cycle Costing – Strategic Cost Management.