ACCOUNTING FOR MANAGERS Course Code: MBEDL 10201

Course Objective: To develop an understanding of the importance, language and techniques of Financial, Cost, Management Accounting and Capital Budgeting. To develop skills, for preparation and analysis of financial statements. To develop an understanding of cost classification, allocation and how the costing techniques are useful in the process of managerial decision making. Course Contents: Module I: Introduction to Accounting The meaning, nature, functions and usefulness of Accounting, Branches of Accounting, Accounting Concepts and Generally Accepted Accounting Principles, Accounting Equation, Concept of Double Entry and the Accounting cycle, Preparation of Journal, Ledger and trial balance. Module II: Preparation of Financial Statements Financial statements and their nature, Preparation of Manufacturing, Trading and Profit & Loss Account and Balance Sheet Matching of Revenue (AS - 9) and Expenses. Fixed Assets (AS 10), Depreciation (AS 6) and other related adjustments, Form and Contents of Financial Statements with reference to Indian Companies (Schedule VI) Module III: Financial Statement Ananlysis Financial ratio analysis, Liquidity, Activity, Capital Structure, Profitability Ratios, Funds Flow Statement and Cash Flow Statement (AS - 3) Module IV: Cost Accounting Elements of Cost classification and allocation, Cost Sheet, Methods of Inventory Valuation (AS 2) Module V: Management Accounting Emergency of Management Accounting, Marginal Costing and Cost Volume Profit Analysis, Budgeting & Variance Analysis Examination Scheme: Component PCP1 Codes Weightage (%) 10 Text & References: Text: H1 15 H2 15 EE1 60

Accounting for Managers, T.S. Grewal Accounting for Manager, Gurinder Singh Students Study Material (SSM)

Reference: Williamson, D. 1999, Cost and Management Accounting, Prentice Hall of India. Martindalef W.G. 1997, Financial Accounting, Juris Publication. Banerjee, A. 2000, Financial Accounting, Excel Books. Chadwick, L. 1995, The Essence of Financial Accounting, Prentice.