Management Accounting
I've just finished mugging Manac for the day. Boy o boy...this is one heck of a course with infinitely many concepts and details. Accouting Standards form the basis of Accounting. These Accounting Standards which have been framed by the ICAI. Every company in India should follow these standards without exception. Every other country has similar standards. Journals, Ledgers, Trial Balances, Profit and Loss accounts, Retained Earnings, Balance Sheets form the different steps in creating the financial statements of the company. Of course, these concepts form a major part of the financial statements but not their complete description.You must be wondering I have devoted a whole post to Manac. It is because b-school freshers across all b-schools througout the world treat this course as one of the toughest in the first term. Also, it is the first course in Finance. Apart from these, it requires a lot of number crunching, a favourite pastime for engineers and finance enthusiasts. And finally, I have a Manac mid term exam next week-one of the reasons why I am awake till now!
posted by Vamsee @ 4:01 AM
3 Comments:
hi ra vamsi,
I did this course as a part of Financial management minor back in iit. Now you realise the pain, we went thru in that course(i exactly don't remember ur minor though).
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oh yeah i know. i was in marketing management btw.
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