Download or read book Taxmann's CRACKER for Fundamentals of Financial & Cost Accounting (Paper 2 | FFCA/Accounting) – Covering 1000+ MCQ-based Past Exam Questions & Answers | CMA Foundation | Dec. 2024 Exam written by CA Tarun Agarwal and published by Taxmann Publications Private Limited. This book was released on 2024-09-02 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is specifically designed to meet the requirements of the Foundation Level Cost & Management Accountancy Examination. It includes comprehensive past exam questions and detailed answers aligned with the latest ICMAI syllabus. The Present Publication is the Latest Edition for the CMA Foundation | Dec. 2024/June 2025 Exams. This book is authored by CA Tarun Agarwal, with the following noteworthy features: • [Strictly as per the Latest ICMAI Syllabus] Ensures complete alignment with the latest requirements • [Comprehensive Content Coverage] o Chapter-wise Introductions highlighting essential concepts o 1000+ MCQ-based Past Exam Questions, including the CMA Foundation | June 2024 Exam covering both theory questions and numerical questions o Practice Questions at the end of each chapter for thorough preparation • [Detailed and Well-Structured Answers] to aid in conceptual clarity and exam-oriented study • [Point-wise Answers] Designed for quick and easy recall • [Marks Distribution Analysis] Module-wise breakdown from December 2022 onwards • [Comparison with ICMAI Study Material] for a better understanding of module coverage The contents of this book are as follows: • Accounting Fundamentals o Understanding of Four Frameworks of Accounting and Forms of Organisation o Accounting Principles, Concepts and Conventions o Capital and Revenue Transactions o Accounting Cycle o Journal and Ledger o Cashbook and Bank Reconciliation Statement o Trial Balance o Adjustment Entries and Rectification of Errors o Depreciation o Accounting Treatment of Bad Debts and Provision for Doubtful Debts • Accounting for Special Transactions o Consignment o Joint Venture o Bills of Exchange • Preparation of Final Accounts o Preparation of Financial Statements of Sole Proprietorship o Preparation of Financial Statements of a Not-for-profit Organisation • Fundamentals of Cost Accounting o Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting o Application of Cost Accounting for Business Decisions o Definition of Cost, Cost Centre, Cost Unit and Cost Drivers o Classification of Costs o Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)