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CourseName:FINANCIALACCOUNTING
FORMANAGERS

Class:1MBAC
CourseCode:MBA134

Syllabus
TotalTeachingHoursForSemester:30
MaxMarks:100

NoofLectureHours/Week:3
Credits:2

CourseObjective
This paper is offered as a compulsory subject in the first trimester. Todays world is of informationits
preparation,communication,analysis,anduse.Accountingisattheheartofthisinformationage.Bystudying
thiscourse,studentwilllearnaboutconcepts,procedures,andanalysesthatareusefulineverydayactivities.
Thiscoursedescribesconceptofaccounting,accountingprinciples,usersandusesofaccountinginformation,
accounting equation recording of transactions i.e., journal, ledger, subsidiary books, bank reconciliation
statement, trial balance. The course also discusses preparation of Income statement and Balance sheet and
financialstatementanalysis.

LearningOutcome
Tounderstandthefundamentalsoffinancialaccounting
Tocreateanawarenessoftheimportanceandusefulnessoftheaccountingfunction
Todevelopanunderstandingoffinancialstatementsandtheprinciplesandconceptsunderlyingthem
TolayfoundationfordevelopingtheskillstointerpretFinancialStatements
TounderstandandproperpresentationofcompanysAnnualreportCashflowandfundflowstatement,
ratioanalysis
Toreviewthedevelopmentsinaccounting

Unit1

TeachingHours:2

IntroductiontoAccounting
Introduction to Accounting, Need for Accounting, Aim and influence of accounting in the information age.
Identification of forms of organization and their characteristics. Identification and description of three major
activities in organizations. Identification of users and uses of accounting. Explanation and interpretation of
accountingequation

Unit2

TeachingHours:4

FinancialAccounting?Concept,Conceptions,IGAAP&IFRS
AccountingStandardsIGAAP&IFRSMeaningofaccountingprinciples?Concepts&ConventionsAccounting
Process Accounting equation ? Asset account, Liability account & Equity account Analyzing transactions ?
TransactionanalysisDebitsandcreditsandexplanationregardingtheirroleindoubleentryaccounting.

Unit3

TeachingHours:8

StepsinProcessingTransaction
Doubleentry bookkeeping system, Journal, Ledger, Posting, Debits, Credits, Trial Balance, Adjusting entries,
FinalAccountsfornoncorporate(ManufacturingTrading,P&L,B/S),FinalAccountsforCorporate(P&L,B/S,
P&LAppropriation).

Unit4

TeachingHours:2

SubsidiaryBooks
MeaningofsubsidiarybooksTypesofsubsidiarybooksPreparationofCashbook,Twocolumn&threecolumn
cashbookBankreconciliationstatementMeaning&classificationofaccountingerrors

Unit5

TeachingHours:4

PreparationofDisclosure?AnnualReport
Disclosureofinformation,IndianAccountingStandards,Legalrequirement(Company?Act,SEBI,IncomeTax
Act etc.) Revenue Recognition, Fixed Assets & Depreciation Accounting, Intangible Assets and Inventory
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valuation.

Unit6

TeachingHours:10

FinancialStatementAnalysisandInterpretation
Comparativeandcommonsizestatement,FinancialstatementanalysisandInterpretation,Trendanalysis,Types
ofratiosanditsimportance,Fundflowanalysis,Cashflowanalysis

EssentialTextBooks
EssentialReading
Naryanswamy,R.FinancialaccountingAmanagementperspective,(4thed.).PHI.

RecommendedReading
1. Anthony,Robert.(2009).Accountingtextandcases.NewDelhi:TataMcGrawHillPublications.
2. Bhattacharya,A.B.(2010).Financialaccountingforbusinessmanagers.(3rded.).NewDelhi:Prentice
HallofIndia.
3. Gupta,Ambrish.,Financialaccountingformanagement.NewDelhi:PearsonPublications.
4. Lal,Jawahar.,&Srivastava,Seema.,Costaccounting.NewDelhi:TataMcGrawHillPublications.
5. MaheshwariS.N.,Advanceaccounting.NewDelhi:VikashPublishingHouse.
6. N.Ramchandran., & Kakani. (2010). Financial accounting for management (3rd ed.). Delhi: Tata
McGrawHillPublications.
7. Prasanna,Chandra.(2010).Managersguidetofinanceandaccounting.NewDelhi:TataMcGrawHill
Publications.
8. Tulsian,P.C.(2010).Financialaccounting.NewDelhi:PearsonPublications.

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