About This Course
Though Management Accounting is the central discipline of the management accountant, Financial Accounting
too plays an important supportive role. Those embarking on a career in management accounting should also
be conversant with different facets of Financial Accounting with emphasis on financial analysis and reporting.
This is the first course unit in the financial accounting stream that lays the foundation for other course units
offered at operational, managerial and strategic levels. The main aim of this course unit is to provide an
understanding of accounting concepts and the accounting process encompassing preparation of financial
statements of sole proprietorships, partnerships and not-for-profit organizations