Corporate Accounting deals with the application of principles and practices of accounts for corporate entities. Corporate actions relate to issue of share capital/ debentures, buy back of shares, consolidation of accounts is to be accounted as per certain principles and policies of accounts. Further, Management Accounting includes concepts of cost accounting such as material labour and other costs, budgeting, ratio analysis valuation of shares and methods of valuation.

Understanding and interpreting financial statements is very important for Company Secretaries to know. This is because the preparation and treatment of Corporate accounts during corporate actions helps a CS to holistically understand the implications. As a CS aspirant, you need to know about management accounting concepts such as budgeting, ratio analysis, valuation of shares. When a CS assists the Board of Directors of Company or advices the Company during any corporate actions, s/he should know about the different analysis of financial date to give the right advice