Accounting for Managers

Class of : 2022 Academic Year : First

Course Code : SLAC 501 Semester :I
Credit : 3 Sessions : 33

AIM: To provide the understanding of corporate financial reporting system and cost concepts.

Learning Outcomes
● Demonstrate understanding of concepts relevant to financial statement analysis.
● Demonstrate ability to analyse, diagnose and interpret financial health of companies.
● Enable to evaluate, report and present effectively financial results of companies.
● Comprehend financial statements and rectify errors in financial information.
● Demonstrate knowledge of contemporary topics in the area of Accounting.

TEXT BOOK AUTHOR / PUBLICATION

Prof. R. Narayanswamy – Prentice Hall of India
Financial Accounting- A Managerial
Perspective (Latest Edition)
REFERENCE BOOKS AUTHOR / PUBLICATION
12e Anthony, Hawkins & Merchant, TMH, Special
Accounting : Text and Cases
Indian Edition
Financial Accounting for Management Gupta, Ambrish. Pearson Education - 2005
(An Analytical Perspective)
Modern Accountancy Mukherjee, Amitabha / Hanif, Mohammed. Tata
Mc Graw Hill
Cost and Management accounting Ravi M Kishore – Taxmann
Cost Accounting – 8th edition Jawaharlal – Tata McGraw Hill
Financial Accounting N Dhamija

Pedagogy
The pedagogy will be a combination of asynchronous session on Quicforce (IBS LMS) pre-readings / watching
recorded videos, assessments (assignments, case discussions, quizzes, forums) and synchronous sessions (online
lecture / case discussions).

Evaluation: (Continuous Evaluation including Mid-Term = 60%; End Sem = 40%)

Pre Mid Term Internal assessments : 15%

Mid Term : 20%
Post Mid Term (Online assessments) : 15%
Class Participation & attendance : 10%
End Term : 40%

Syllabus and Learning Outcomes:

 Module #
Title and Module Learning Objectives Learning Outcomes
Number of
sessions

Module 1 1.1 Distinction among financial accounting, cost
accounting and Management accounting
Introduction 1.2– Evolution of Accounting –
to Financial 1.3 basic concepts of financial Accounting –
accounting conventions of accounting
1.4 stages of preparing accounting statements –
from input to output –
1.5 users of financial statements-
1.6 advantages of accounting –
1.7 Generally Accepted Accounting Principles
1.The students would be able to
understand the meaning, importance
and purpose of accounting and
identify its various branches
2. They would be able to explain the
stages in preparation of FS and
would know how to apply
accounting principles in business
situations

Module 2 2.1 Nature and objectives of Financial Statements, 1. The students would be able to
Uses of Financial Statements, differentiate between capital and
2.2 Form and content of Financial Statements, revenue expenditure and their
Understandin placement in the final accounts
g Financial
Statement: 2.3 Concept of capital and revenue expenditure
2.4 Preparation of final accounts with and without 2. Students would be able to prepare
adjustments profit & loss account and Balance
Sheet for a Sole Proprietor

Module 3 3.1 Introduction to USGAAP, Introduction to The students would have a basic
International Accounting Standards idea about IndAS, IFRS and their
Financial 3.2 Indian Accounting Standards applicability
Reporting and 3.3 Applicability of Various Standards,
Regulations Comparison and Harmonization,
3.4 IFRS

Module 4 4.1 Format and Content of Profit and Loss Account The students would be able to
identify different types of companies
4.2 Requirements of the Companies Act for the
Financial Presentation of the Companies Profit and Loss and be able to explain the steps of
Statements of Account incorporation of a limited liability
Limited 4.3 Requirements of the Companies Act for the company
Companies Presentation of the Companies Profit and Loss
Account The students would be able to match
the items of expenses, revenue,
4.4 Treatment of Special Items Relating to assets, liabilities with their place in
Companies Final Accounts.
P/L a/c and Balance Sheet and also
4.5 Requirements of Appropriation of Profits by the
Company create the financial statements of a
limited liability company
4.6 Format and Content of the Balance Sheet

Module 5 5.1 – Purpose of the Statement of Cash Flow The students would be able to
5.2 - Content and Format of the Statement of Cash interpret the liquidity position of any
Flow company and diagnose the reasons
Cash Flow for changes in cash position from
5.3 - Preparation of Cash Flow Statement
Statement one period to another. They would
5.4 - Usefulness of the Statement of Cash Flow be able to appreciate the mgt