Accounting:- Basic Principles of Accounts - Manufacturing & Insured Business - Insurance Act, 1938 - Final Accounts - Life & General Insurance Business - Revenue Account & Balance Sheet - Terms - Format - Adjustments - Provisions - Reserves - Problems.
Management Accounting:- Definitions - Comparisons with Financial Accounting - Ratio Analysis - Kinds - Advantages and Limitations - Problems - Usefulness of Ratio Analysis of Life & General Insurance Business - Problems.
Budget and Budgetary Control:- General Terms - Advantages & Limitations - Preparation - Control in Insurance Business - Planning.
Cash Flow - Funds Flow:- Working Capital - Analysis - Advantages - Changes in Working Capital - Problems.
Cost Accounting:- General Terms - Definitions - Various Methods of Costing - Advantages & Limitations - Classification of Costing. Reconciliation of Costing and Financial Results.
Standard Costing:- Definition - Setting of Standards & Comparison with Actuals - Variance Analysis - Material - Labour - Fixed & Variable overheads - Problems - Standard Costing and Budgetary Control - Application to Insurance Provisions.
Marginal Costing:- Concepts - Contribution - Breakeven Point - PV Ratio - Advantages & Limitations of Break even Analysis - Problems.
Management Information System:- Concepts - Importance - Usefulness of Reports - Audit - Types - Internal, Statutory - Cost - Management Audits - Computers. Importance - Usefulness to Industry and Insurance Business.