Accounting for Managers

Paper Code: 
MBB 125
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

 Course Objectives:

The basic purpose of this course is to develop an insight of postulates, principles and techniques of accounting so as to equip the student for basic managerial functions related to accounting.

Course Outcomes (COs): At the end of this course, a student should be able to:

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

  
 

CO 25.Differentiate basic Accounting concepts and principles.

CO 26.Construct journal entries, Trial Balance and Final Accounts of a Company.

CO 27.Analyze using various tools and techniques of financial analysis used for decision making.

CO 28.Examine different types of cost and prepare a Cost Sheet

CO 29.Evaluate different alternatives using techniques of CVP analysis for sound decision making.

CO 30.Examine various contemporary issues/concepts in Accounting

 

Approach in teaching:

Interactive Lectures, Group Discussion, Tutorials, Case Study

 

Learning activities for the students:

Self-learning assignments, presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

  

 

12.00

Introduction
Accounting-Meaning and definition, Nature, Need, objectives, Importance, Limitations, Users of accounting information, Branches of accounting, Accounting as an information system, Generally accepted accounting principles (GAAP)
Basics of Financial Accounting
Accounting equation, Systems of Book Keeping, Types of accounts and their Rules, Basics of Journal and ledger

12.00

Final Accounts
Trial Balance-meaning, preparation, errors; Final accounts-Content and their preparation with adjustments

12.00

Financial Analysis
Meaning, objectives and types of financial analysis, Tools or techniques of financial analysis-Ratio analysis(meaning, objectives, limitations, classification, preparation of financial statements from ratios),Comparative and common size financial statements, Fund Flow analysis and Cash Flow analysis-Meaning, difference and Content

12.00

Cost concepts-Meaning, Objectives, Importance, Methods, Techniques and systems of costing; Basic Cost Concepts-Elements of cost, classification of costs; Cost sheet; Cost-Volume-Profit Analysis-Meaning, Assumptions, Significance, Break even analysis, Contribution and Marginal cost equation, Profit-Volume ratio, Margin of safety, key factor; Effect of change in the profit factors,

12.00

Budgets-Functional budgets, Master Budget, Fixed and Flexible budgets Contemporary issues/concepts in accounting
Convergence to International financial reporting standards (IFRS); Inflation Accounting, Green Accounting, Carbon Credit Accounting, Human Resources Accounting; Value Based Management; Cost reduction systems-kaizen costing system, Activity Based Costing, Life cycle costing; Zero Base Budgeting (ZBB), Performance Budgeting, Social Accounting.

References: 

  • Maheshwari, Maheshwari, A text book of accounting for Management, Sultan Chand &Sons.
  • M. Y Khan, P.K. Jain, Management Accounting   : Text problem and Cases. Tata McGraw Hill.
  • IM Pandey, Management accounting, Vikas Publishing House.
  • M.N. Arora, Cost Accounting Principles & Practices, Eight edition, Vikas Publishing house.
  • Horngren, Management Accounting, Pearson Education.
  • Anthony Robert, Management Accounting Principles, R D. Irwin.
  • Agarwal M R, Management Accounting-I, Garima Publications

                                        

Academic Year: 
2021-2022
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