NEW DELHI INSTITUTE OF MANAGEMENT

Post Graduate Diploma in Management

Course Outline

Name of Course: Accounting for Managers (Phase 1) Course Credit: 3

Semester: I Duration (Hrs.): 27 hours
No. of sessions: 18 Name of Faculty: Dr Vigg
Email: silky.kushwah@ndimdelhi.org Contact No.: 9711131634

Session plan
Session Course outline Learning Reference Pedagogy
No. objectives and sample
questions

Session 1 Why study accounting Understand Class notes Class

importance in interdisciplinary the role of and PPT discussion
Accounting
20 Min Information in
What Is Accounting? - Purpose, making Chapter one
Importance & Relationship to economic
Business. Discuss the different Text book
decision
types of accounting information
and use detailed examples.

Operating information: discuss Identify the

the need to track how much cash users and uses
you have in your bank. When of Accounting
you pay bills or when you Information Assignment
receive cash for sales 1 on
accounting
Class interaction terms

********************

Accounting Terms :

Asset , Liability, Capital

/Owner’s Equity ,Revenue,
Cost ,Expense, Goods , Debtors ,
Creditors , Debits and Credits
10 min
Financial Statement :

Income Statement

Balance Sheet

Statement Cash Flow

35 Min
Class discussion

**************************

10 min
Session 2 International Accounting After studying PPT Assignment
Standards (only outlines); this lesson, 2 on GAAP
you should be
Accounting principles; able to- · Principles
Accounting Standards in Appreciate the and
30 min India ,Generally Accepted need for a Take home Conventions
accounting principles and conceptual notes self-
concepts and Conventions reading on
framework of
International Standard and
accounting. ·
GAAP
Understand
Class interaction and describe
the generally International
 accepted Accounting
accounting Standards
**********************
principles Issued By
10 min (GAAP). · ISAC
Know the
importance
Concepts and conventions and
advantages of
uniformity in Accounting
accounting Standards
Class interaction Issued By
policies and
15 min practices. ASB

10 min ************************

Principles

20 min Class interaction

************************
10 min
Session 3 Accounting process and cycle understand the Assignment
rules of debit 3 on Rules
And Journal entries
and credit of Journal
entry

30 min Identification of transaction

Analyze the
Recording the transaction effect of
accounting
Classifying Summarizing transactions
on the basic
accounting
10 min class interaction equation

************************
 Journal entries
45 Min Rules of Debit and Credit
Analyzing of accounting
transactions :The each
transaction should be analyze
as :Accounts involved eg
cash ,machinery, capital
commission
Types of Accounts Assets,
liability, revenue and expense.
Effect to the business increase or
decrease. Apply rules of debit
and credit

Class interaction

*************************

10 min
Session 4 Accounting Records and After going Assignment
System through this 4 on posting
lesson, you into journal
will be able to format with
know the opening
meaning and entries
Entering these transactions into steps of
25 min
journal in precise the format accounting
process. ·
class interaction

10 min Understand
the meaning
and
*************************** importance of
journal. ·
 Books of Accounts and entries
45 min Know the
rules of
The process of entering
journalizing.
transactions into journal.

Explaining the opening

transaction and posting them into
the journal -Starting business
with cash , debtors , capital ,
stock etc

class interaction

************************
10 min

Reiteration of all the rules

10 min

Session 5 Posting the journal into ledger Understanding Assignment

and finding their balance the posting of 5 on posting
entries in the journal into
ledger trial Balance
Explain the format of ledger and
its purpose and advantage of easy
45 min detection of classes of transaction
and the debit and credit balance

Posting of all the above journal

entries into ledger and balancing
each ledger
 class interaction

**************************

15 min
Trial balance

Explaining its purpose detection

of errors and how it serves as a
30 summary of debits and credit
balance.
Min

Posting of all the ledger balance

into trial balance

Session 6 Capital and Revenue Assignment

Expenditure, Effect of capital and 6 on
10 Min
Revenue depreciation

class interaction
10 min

************************

Depreciation
30 min
Determining useful life methods
of depreciation

class interaction

10 min
*************************
 Inventory
30 min Defining inventory
Matching of inventory with cost
and Revenues, Goods in transit
and Defining inventory methods

Session 7 Statement of profit and loss After going Assignment

Account : through this 7 on Trading
chapter, you account
Terms of trading and P and L,
25 min should be
Explain the Format of Trading
able-To know
and profit and loss Accounts :
the meaning of
financial
statements. ·
class interaction

10 min
To understand
************************* the meaning
and
preparation of
Preparation of Trading Trading
account Account,
35 min
Account,
Profit and
Loss Account,

Class interaction
15 min

*************************
Session 8 Multi steps in preparing Understand Assignment
statement of profit and loss the concepts 8 on Profit
account required for and Loss
preparation of account
P&L account
Explain the form and content of
 P&L account. Important points in
Profit and Loss account
35 min
Read and
Write Profit
and loss
Class interaction

10 min
************************

Statement of profit and loss

account
35 min

Class interaction

15 min
************************
Session 9 Relationship between P&L and Read and Assignment
balance sheet Write balance 9 on assets
sheet and liability

Classification of assets and

30 min
liabilities

class interaction
10 min

*************************

Format of balance sheet

35 min

Class interaction
15 min
 *************************

Session Marshalling of assets and write balance Assignment

10 liabilities sheet 10 on
balance
The arrangement of assets and
sheet
liabilities in a particular order is
30 min
called marshalling of the Balance Without
Sheet. Assets and liabilities can adjustments
be arranged in the Balance Sheet
into two ways: (a) In order of
liquidity. (b) In order of
permanence

class interaction

************************
10 min

Practical on Balance sheet

Numerical on balance sheet

45 min

Session Final Accounts with Understanding Assignment

11 adjustments the adjustment 11 on
entries in adjustments
Closing Stock
Balance sheet of Final
30 min Outstanding Expenses accounts

Prepaid Expenses
Accrued Income
Income Received in Advance
 class interaction
15 min
************************

Other adjustments
30 min
Depreciation
Interest on Capital
Interest of Drawings
Bad Debts
Provisions for Doubtful Debts
Loss of Stock by Fire
Manager’s Commission

Class interaction
15 min
************************

Session The entire session will be on the Assignment

12 practical numerical on Final 12 on Final
accounts profit and loss and accounts
balance sheet starting from Trial
balance till balance sheet with
adequate class interactions.

Session Reading of an annual Report

Understand Annual
13 the report to
Asian Paints or Britannia
information read
What is an Annual Report, provided in
35 min Sources for getting the annual the annual
report, Free Sources: Company reports of the
Website companies

Which sections to focus in

Annual Report

Class interaction

Understand
the content of
***************************
Director report
and value
added
Financial Information
statement
1)A Independent Auditor’s
10 min Report

2) Financial Statements:

3) Schedules/Notes to Financial
35 min Statements:

4) Related Party Disclosures:

Every company is required to
disclose every transaction it
enters into with its promoters and
other related entities.

Class interaction

***************************
10 min
Session Non-financial Information Class
14 discussion
A) Communications from on annual
Promoters and Senior report
45 min Management:

B) Directors’ Report:

C) Management Discussion &

Analysis (MDA):

D) Details of Personnel in-

Charge of running the Company:

The annual report provides

details qualification of all the
directors, key management
people responsible for decisions
of the company.

class discussion

Students will read the annual

reports given to them in session
13.
 45 min

Session Revision and exercise classes

15 & 16

Session Excel classes Final

17 & 18 accounts
questions
Exemplary template would be done in the
shared in the class and the class to be
students would be required to do practiced on
similar type of spread sheets of excel
final accounts

*-Class Interaction means asking question taking doubts

**-Fifteen class assignments of 10 marks each

(At the end average out to 20 internal marks)

***-Attendance-5 marks

Total marks for phase 1 =25

References:
● Financial Accounting: Fundamentals, Analysis and Reporting Paperback – 2017 by R.K.
Arora (Author) Publisher: Wiley (2017)
● Financial accounting a managerial perspective By R Narayanaswami Publisher: PHI
(2017 )
● Management accounting Text cases By MY Khan and PK Jain Mc Graw Hill (2017)