FINANCIAL ACCOUNTING (for Managers/Entrepreneurs)

Welcome to the class of Executive MBA (2010-13)

Your SEMESTER I has started

Attendance
100% compulsory (min. 75% for appearing for examinations) Late coming will not be allowed. Late comers will have to quietly enter the class and occupy seat, without disturbing others or the class. Remember to request the faculty to mark attendance at the end of the class. Attendance and punctuality will affect internal marks.

Accounting for Managers

Policies and Guidelines: Purpose of these guidelines: 1. To provide students with an input into the structure and contents of the course. 2. To focus on the rights and obligations of both student and the instructor or faculty. 3. To foster collaborative learning and to encourage individuals to take responsibility for their training both during and after completion of the course.

Policies and guidelines

The student agrees and accepts: 1. the individual and collective responsibility of obtaining and becoming familiar with a copy of the course outline. 2. to avail themselves of copies of the required readings and to duly undertake the assigned readings. 3. to be in possession of the computer skills necessary to send and retrieve MS Word, Excel and Power Point documents via the internet. 4. to regularly conduct searches via the World Wide Web or journals maintained by the library of the University or College or from any other external source.

Policies and guidelines

Student agrees and accepts: 5. to visit suggested websites as necessary to obtain materials relevant to the course. 6. to read recommended material prior to each class. 7. to attend all classes in the absence of extenuating circumstances. 100% attendance in the class and for internal quizzes or tests is mandatory. There will not be any reminder on this requirement. There will not be any ReQuiz for absentees.

Policies and guidelines

Student agrees and accepts that: 8. to participate in class room discussions in a meaningful, purposeful and constructive manner. 9. to share all relevant information with other scholars in the class. 10. presentation of other peoples work as their own represents the worst form of academic misconduct, liable for punishment.

Policies and guidelines

The faculty agrees: 1. to teach each student fairly and impartially. 2. to respect the opinions and ideas of all students. 3. to make himself available for consultations to students or groups. 4. to ensure that instruction for the course is delivered at highest possible academic standard.

Policies and guidelines

Faculty agrees that: 5. to ensure that sufficient study material is made available to students in library. 6. to maintain ongoing consultation with the students to ensure that the course is, at all times, meeting the needs of the students and the business. 7. to be punctual at all times except in extenuating circumstances.

Policies and guidelines

Group work: 1. Students will form themselves into groups for the purpose of collaborative learning. 2. Each member will fully participate in the work of the group ensuing that (s)he makes an equitable contribution to the work of the group.

Policies and guidelines

Group work: 3. Each group member will honestly, fairly and independently evaluate his work and that of his/her fellow group members using forms provided by the instructor or faculty and will return these forms to the instructor or faculty at the time prescribed by the course outline.

Teaching Methodology
Class-room presentations will generally consist of notes (presentations, slides, and whiteboard) and in-class discussions and problem solving. The course pedagogy will also involve the use of the case method. Problems and selected solutions will also be given to students. Suggested practice problems from the end of the chapter questions in the text will be identified and informed to students in the class-room.

Teaching Methodology
Important Students are required to read all the assigned chapters prior to the session or class during which topics will be discussed. Only advanced and practical aspects and current developments will be discussed in the class.

Readings for next session

Financial Accounting (A Managerial Perspective) -Third Edition by Prof. R. Narayanaswamy, IIM (B). Chapter 1 Accounting and Economic Decisions Chapter 2 Processing Transactions

Readings for later sessions

Financial Accounting (A Managerial Perspective) -Third Edition by Prof. R. Narayanaswamy, IIM (B). Chapter 3 Measuring Income Chapter 4 Completing the Accounting Cycle. Chapter 5 Accounting for Merchandizing Transactions.

Internal tests / quizzes

1. Tests or quizzes may comprise of questions on theory or numerical problems or both. 2. May be numerical problems, and be asked to write comments or justifications or arguments for or against the findings or decisions. 3. Good rapport with faculty does not mean good marks evaluation will be merit based. 4. Meaningful and purposeful class-room participation may earn good marks.

Advice
Subject Financial Accounting for Managers demands multi-disciplinary approach to problem solving. Hence, be ready to learn accounting, alongwith something of costing, management accounting, finance and taxation, etc. List is endless.

Advice
Financial Accounting requires constant practice at home or office, if your employer permits. This is not a subject you can master by studying only text book. You can compare its study with driving a twowheeler. You need to practice 1000 kms to be able to drive on road with high density traffic or for high-speed driving.

Advice
This is the fundamental and basic for Managerial Accounts, Financial Management (both compulsory subjects in Sem II) and all subjects for students opting for finance specialization (in Sem III & Sem IV). Moreover, it is the most useful body of knowledge to everybody in his/her entire life.

Word of Caution
Symbiosis International Universitys and SCMHRDs rules and regulations will always have overriding effect on what is communicated here earlier and will supercede if anything is found contrary or conflicting with Universitys and / or institutions rules and regulations.

The End (of the beginning)

Wish you all the BEST in your learning.
Shreedhar Bhat, Faculty - Finance