Sub Committee for Curriculum Development

Banking& Finance Specialization

Post Graduate
Course: FP1

Course Title:Financial Accounting

Course Code: T2003

Level: 4

Learning Objective(s):

1. To develop an insight to concepts, principles and techniques of accounting;

2. To relate financial and accounting information for planning, decision making and control;
3. To appraise accounting information for evaluation & interpretation.

Number of Credits: 2

Pre-Requisite Knowledge:Base level course, no pre-requisites required.

Course Outline

No. of
Sr. No. Topic
hrs.
Introduction to Accounting:
Introduction, Meaning & Scope of Financial Accounting, meaning and
1 2
nature of business transactions, introduction to basic elements of
financial accounting
Accounting concepts and conventions:
2 Accounting concepts, principles, conventions and assumptions, 2
disclosure, Generally accepted accounting principles (GAAP) & IFRS
Accounting Mechanics:
Accounting Process:Principles of double entry, Accounting Equation,
3 6
Accounting Process (Journal entries, Trial balance). Systems of
accounting and its effect on financial statements
Depreciation -Estimating the useful life, determination of cost, methods
4 for calculating depreciation(SLM & WDV) 2

Inventory – Valuation of Inventory, different conventions on Inventory

5 Valuation 2

Preparation of Financial Statements: Balance Sheet, Profit and Loss

6 Account. Schedule VI of Companies Act. 8

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 Cash flow Statements: Understanding Cash flow statements
7 2

Understanding Corporate Financial Statements - Including Notes to

8 Accounts, off Balance Sheet Items, Auditors’ & Directors’ Report, 4
Corporate Governance Reports, Standalone and Consolidated Statements.
Financial Reporting Standards and Regulations –Indian AS, IFRS, US
9 GAAP 2

Total
30

Recommended Pedagogy:
1. Lectures and PPTs
2. Use of Excel tools for preparation of final accounts
3. Case Study in the form of Annual Reports of companies.

Suggested Evaluation Methods:Quiz + Assignment in reading Annual Report of listed firms.

Level of evaluation:4

Books Recommended:
1. Narayanaswamy R., (2008) Financial Accounting – A Managerial Perspective, Edition, 3.
PHI Learning Pvt. Ltd.
2. Dr. S. N. Maheshwari, Dr. S. K. Maheshwari, Sharad K. Maheshwari, (2012), Accounting
for Management , Vikas Publishing House

Reference Books:

Robert Libby, Patricia Libby, Daniel Short. (2011), Financial Accounting Seventh (6th) Edition, Tata
McGraw - Hill Education.

Signature:

Date:17 August 2013

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