BIRLA INSTITUTE OF TECHNOLOGY AND

SCIENCE, PILANI
K K BIRLA GOA CAMPUS
INSTRUCTION DIVISION
First Semester 2021
Course Handout Part II
Dated: 17/08/2021

In addition to part -I (General Handout for all courses appended to the time table) this
portion gives further specific details regarding the course.
Course No. ECON F212
Course Title: Fundamental of Finance & Accounting
Instructor-in-charge:Dr. Suman Gupta (sumang@goa.bits-pilani.ac.in)
Instructor: Saripalli Venkata Raman, Chartered Accountant
(saripallir@goa.bits-pilani.ac.in)
Teaching Assistant : Mr. Sankalp Naik

1. Scope and Objective:

This course is an introduction to Accounting and financial statements. The products of
the accounting system-and what they tell us about a business enterprise. It would cover
the latest accounting principles, conventions and concepts underlying financial
reporting. The second part will emphasize on the financial system, sources of finance,
interpretation financials statement and preparation and analysis of cash flow statement.
Basic concepts of investment appraisal and time value of money. After the course, a
student is expected to have a working knowledge of understanding and interpreting the
financial statements of a given entity and the basics of finance.
2. Text Books:
1. Horngren, Sundem, Elliott and Philbrick, “Introduction to Financial
Accounting”, Pearson Education India Ltd., 9th edition, 2008.
2. Modern Accountancy- Mukherjee and Haneef Tata Macgraw Hill Latest 4th
Edition
3. Financial Accounting – A Managerial Perspective, R. Narayanaswamy, PHI, 6th
edition, 2014.
4. R.L. Gupta – “Advanced Accountancy”.
5. ICAI Study material – available for downloading freely from ICAI Site of Body of
knowledge.
Ref. Books :
R1: Fabozzi, “Foundations of Financial Markets & Institutions,” Pearson, 3rd ed. ,
2004
R2: Gitman, “Principles of Managerial Finance,” Pearson Education , 10th ed, 2004
R3: Pathak, Indian Financial System,” Pearson Education, 2nd ed., 2008
3. Course Plan:
Topics No. of Reference
Hours
I ACCOUNTING:
1 Concept of Business Entity, Sole Trader, Partnership, 2 Chapter 1: TB3,
Company. Introduction to Book keeping, Accounting ICAI Material
& Finance
2 Accounting- Concepts, Convention, Generally 3 Chapter 1: TB3,
Accepted Accounting Principles- Ind AS and IFRS ICAI Material
3 Prime book of Entry : Journal - Journal Entries 4 Chapter 3: TB3,
ICAI Material
4 Ledger preparation & Understanding Ledger 2 Chapter 3: TB3,
ICAI Material
5 Preparation of Trial Balance 1 Chapter 3: TB3,
ICAI Material
6 Bank Reconciliation Chapter & importance 2 Chapter 5: TB2,
ICAI Material
7 Valuation of Inventories – LIFO and Weighted 2 Chapter 5: TB3,
Average methods ICAI Material
8 Depreciation as per companies Act, 2013 & 2 Chapter 6: TB3,
Depreciation as per Income Tax act 1956. ICAI Material
Importance of the same
9 Preparation of Financial Statements – As per 6 Chapter 4: TB3,
Companies Act, 2013 – Income Statement and ICAI Material
Balance Sheet as per the format.
10 Preparation of Cash flow statements 4 Chapter 13: TB3,
ICAI Material
FINANCE
11 Financial Statement Analysis: Ratio Analysis 4 Chapter 12: TB3,
ICAI Material
12 Fundamentals of Finance & different types of Capital 2 Chapter 11: TB3,
of company ICAI Material
13 Weighted Average Cost of Capital 2 Chapter 11: R2,
ICAI Material
14 Capital budgeting decisions and methods, including 4 Chapter 8 & 9: R2,
the concept of determination of cash flows, ICAI Material
discounting of cash flows etc.
TOTAL 40

4. Conduct of Course
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.
Therefore, students are expected to read the developments in current corporate
 scenario and initiate discussion. Emphasis will be more on latest practices in the
corporate world.

5. Evaluation method
Elements in grading of the students’ performance in the course will be based on the
following criteria:

Activity Percentage Date of Evaluation

Assignment Viva/case study/quiz 25% To be announced
Mid-sem exam 35%
End Exam: (Comprehensive) 40%

Total 100%

6. Examinations & Quizzes

Examinations and quizzes will test your understanding of the textbook readings and
problems. Not all the assignment will be collected for grading.

7. Participation
Much of our success in this course is dependent upon an active learning climate in the
classroom. Students should be willing to give your opinions, question the concepts
presented, and present your analysis of the problems and cases that we will cover in the
class. Students may also be asked to participate in work groups in class assignments and
in a project. Class participation will also be affected by your involvement in your groups.

8. Notices/Information.
All materials, classwork and notification pertaining to the course will be uploaded in the
relevant Google Classroom/Moodle page.

9. Make-up policy:
Make up will be given only in genuine cases of absence. Prior permission of the
Instructor-in-charge, before the examination, is necessary, if the absence is anticipated
due to medical reason supported by authorized document from the Medical Centre and
Instruction division. In exceptional circumstances the request for make-up should reach
the Instructor-in- charge at the earliest.

10. Disclaimer
This is only Tentative Course Outline. The professor reserves the right to modify the
schedule, if deemed necessary. Any changes to the course-outline will be announced in
advance.
Instructor-in-Charge/Faculty
ECON F212