1.2
MANAGERIAL ACCOUNTING
COURSE
OBJECTIVES 60 Hours
1.
To enable the students to obtain knowledge about the concepts of accounting
principles, techniques of accounting and to introduce students to modern
accounting software and IFRS.
2.
The syllabus also contains the practical components of the subject which enable
the students gain more practical knowledge under each module.
LEARNING
OUTCOMES
1.
To familiarize the students with financial statements and principles underlying
them and to develop their skills in reading Annual Reports. To lay a foundation
for developing student's skills in interpreting financial statements
2.
To familiarise the students with cost records / statements and principles
underlying them and to develop their skills in understanding and appreciating
cost information. To develop an appreciation about the utility of cost
information as a vital input for management information and decision making
process
MODULE
1: INTRODUCTION TO FINANCIAL ACCOUNTING 08 Hours
Purpose
and objectives of accounting information Uses and users of accounting
information
Branches
of accounting - Basic terminology in accounting - GAAP and the accounting
environment - Accounting Concepts and Conventions
MODULE
2: RECORDING ACCOUNTING TRANSACTIONS 16 Hours
Concept
of Double Entry System Basic knowledge of Accounting Process: Journal, Ledger-
subsidiary books, Trial Balance (Theory and Problems), reconciliation statement
An overview of Accounting Standards in India - Preparation of Final accounts -
Income statement and Balance sheet (Problems on Vertical method)
MODULE
3: MEASURING AND REPORTING ASSETS AND LIABILITIES 12 Hours
Accounting
for Tangible & Intangible Assets: Fixed Assets (AS-10) and
Depreciation(AS-6) Inventory Valuation(AS-2): Valuation of Goodwill
Module
4: Analysing and Interpreting Financial Statements 12
Hours
Objectives
of financial statements analysis, sources of information, standards of
comparision, quality of earnings, techniques of financial statement analysis,
analysing financial statements using ratio analysis, cash flow statement,
understanding annual reports and earnings relations
MODULE
5: COSTING 08 Hours
Meaning-
Classification of Cost Cost Sheet-cost reduction techniques, standard
costing-Marginal
Costing
-CVP and BEP analysis (problems)- Budgetary Control Types of budget Problems on
Flexible budget and Cash budget only.
MODULE
6: EMERGING TRENDS 04 Hours
IFRS
Inflation accounting Human Resource Accounting -Responsibility Accounting-
Forensic Accounting - Environmental Accounting Corporate Social Reporting-
Carbon Accounting. (Only
Concepts)
SKILL
DEVELOPMENT EXERCISES
1.
Prepare a chart of accounting cycle
2.
prepare a specimen of journal, ledger and trial balance
3.
Analyse any one MNC company P&L account and balance sheet
4.
Draw cost sheet for manufacturing a product
5.
Preparation of budget for a company
6.
Preparing BEP analysis for a new product of a company
RECOMMENDED
BOOKS (Latest Editions)
1.
Narayanaswamy. R, "Financial Accounting: A Managerial Perspective",
Prentice Hall of India(PHI)
2.
Paresh Shah, "Basic Financial Accounting For Management", Oxford
University Press
3.
Ramachandran, N. & Kakani, R.K., "Financial Accounting for
Management", Tata McGraw Hill.
4.
Godwin/Alderman/Sanyal, "Financial ACCT: A South-Asian Perspective",
Cengage Learning.
5.
Bhattacharya, S.K "Accounting for Management: Text and Cases", Vikas
Publishing House
6.
M.N. Arora, "Accounting for Managers", Himalaya Publications
7.
Bhattacharya, H., "How to Read a Balance Sheet: Adapted to Indian laws
& requirements", Oxford and IBH Publishing Company Pvt. Ltd
REFERENCE
BOOKS (Latest Editions)
1.
Shankarnarayan/Ramanath, "Financial Accounting for Management",
Cengage Learning
2.
Grewal, T.S. Introduction to Accounting. S. Chand & Company, New Delhi
3.
Horngren, Charles T., Sundem, Gary L., Elliott, John. A and Philbrick, Donna,
"Introduction to Financial Accounting", Prentice Hall International
Inc, Englewood Cliffs
4.
Gupta, Ambrish, "Financial Accounting for Management: An Analytical
Perspective" Pearson Education
5.
Maheswari & Maheswari, "Accounting for Managers", Vikas
Publishing
6.
Anthony, "Robert N. et al. Accounting: Text and Cases", Tata McGraw
Hill
7.
M Hanif, A Mukherjee, "Financial Accounting", McGraw Hill Education
8.
Tulsian and Tulsian, "Financial Reporting", S.Chand
