Goa Institute of Management

Course: Healthcare Accounting Program : HCM

Batch: 2018-20 Term: I Credits: 3

Course Instructors: Dr. Abhishek Ranga/ Prof Umesh Mahtani

Contact: 0832 2366748/ 2366715

Email: abhishek@gim.ac.in, umesh@gim.ac.in

1. Course Description
The course on healthcare accounting comprises of financial statement analysis, introduction to selected accounting
standards and cost accounting. The course introduces the concepts of valuation of current and non-current assets
in the books of accounts. Accounting standard 2 (inventories) and 10 (fixed assets) will be discussed in detail. The
major emphasis will be on analysis of financial statements, in particular liquidity analysis, solvency analysis, activity
analysis and profitability analysis will be covered.

The section on cost accounting will focus on various types of costs (variable/fixed; direct/indirect etc.). Marginal
costing and its application in decision making like make or buy, new product, new market etc, will be discussed.
The course will also cover in detail master and flexible budgeting.

2. Course Objectives
The objective of this course is to familiarize the student with the basic concepts, standards and practices of
financial and cost accounting. The course is devoted to the financial statements analysis, recording of transactions,
and the underlying concepts and procedures, with an eye toward the financial statement analysis.

Course also aims at introducing concepts of costing which will help participant to apply the concepts of marginal
costing in product costing, break even analysis, allocation of overheads using activity based costing etc.

3. Course Learning Outcomes

Upon completion of the course you should be knowledgeable about the following areas:
 Reading and analyzing the basic financial statements
 Knowledge of accounting mechanics
 Product costing
 Budgeting

On a more basic level you should also be able to answer the following questions:
 When are revenues and expenses “recognized” on financial statements?
 How inventories are valued from accounting point of view?
 How overheads are assigned to cost objects
 How budgets are prepared, which are the various functional budgets

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4. Course Content

Session Topics to be discussed Suggested Reading(s)* Case(s)/

No. Assignments
1,2 Accounting Equation Chapter 5*
3 Valuation of Inventories Chapter 9*, section 9.5
AS2 Valuation of
Inventories
4 Valuation of Fixed Assets and Chapter 9*, section 9.12
Depreciation AS10 Accounting of Fixed
Assets
AS6 Depreciation
5,6,7 Financial Statement Analysis Chapter 7*
8,9 Master Budget/Flexible Budget Chapter 6,7,8**
10 Case Study Analysis and
Discussion
11 Introduction to Costing -
12 Marginal costing & CVP Analysis
13 Marginal costing & CVP Analysis Case Study 1
14 Activity Based Costing
15 Activity Based Costing Case Study 2
16 Decision Making Assignment 1
17 Decision Making Assignment 2
18 Decision Making Assignment 3
19 Decision Making -
20 Costing Systems -
 Assignments details will be provided as the course progress
 *Based on Text Book - Financial Accounting for Management by N Ramachandra & Ram Kumar Kakani –
Tata McGraw-Hill, Third Edition

 ** Based on Text Book - Cost Accounting a Managerial Emphasis by Horngren,Datar & Foster- Pearson
Education 15th Edition

5. Pedagogy
This course will be conducted in a lecture, Presentations, case study and problem solving approach. The professor
discusses the concepts, underlining principles and the application of those theories and principles to the practical
applications of real life accounting.

6. Course Evaluation:
Course will be evaluated based on following components:
i. Mid Term Exam (20%)
ii. End Term Exam (30%)
iii. Group Assignment (20%)
iv. Case Discussion/Presentation/Test (30%)

7. Instructional Materials
The following textbooks have been recommended for reference:
1. “Financial Accounting for Management” by N Ramachandra & Ram Kumar Kakani – Tata McGraw-Hill
2. “Financial Accounting”, by R Narayanaswamy - Prentice Hall India (3 rd Edition - Source Book)
3. “Cost Accounting – A Managerial Emphasis” by Horngren, Datar and Foster – Pearson Education

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