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Term :1
Credits :2
Course Objectives:
This course introduces you to the concept of financial accounting and helps you in
acquiring technical skills required for preparation and analysis of financial
statements and disclosures. This course emphasises on recording of transactions
and processing them into the three financial statements namely:
1.Income statements
2. Balance sheet
3. Cash flow statements
The course will be based on International Financial Reporting Standards (IFRS)
The course will ultimately move to Analysis and interpretation of financial
statements
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Pedagogy:
Lectures, assignments, self regulated practice groups and case sessions
The basic concepts will be explained with numerical examples, these concepts would
be reinforced by discussing numerical cases and real-life examples. The cases and
the numerical questions to be discussed will be announced prior to the class. The
students are expected to come to the class with proper preparation.
Component % marks
Class Participation 10
Quiz I 15
Quizzes II 15
Group Assignment 10
Individual Assignment 10
Final Exam 30
Total 100
Session Plan
Session Coverage
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2,3,4,5,6 Analyzing business transactions using accounting equation
9
Depreciation methods –
Direct Method
Indirect Method
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Vertical and Horizontal analysis
Trend percentages
References:
Accounting Text and Cases, (12th Edition) Robert N Anthony, David F Hawkins
and Kenneth A Merchant (AHM)
Financial Accounting for Management, (3rd Edition) by N Ramachandran and
Ram Kumar Kakani, Tata McGraw-Hill
Modern Managerial Accounting and Control by Sunder Ram Korivi, Himalaya
Publishing House
Accounting Made Easy, Rajesh Agrawal and R Srinivasan, Tata McGraw-Hill
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