Course Code: MGL–6104 L T P C

Course Name: Accounting for Managers 4 0 0 4

Course Objective: To encourage the acquisition of knowledge and skills relating to application
of accounting concepts and techniques for business decisions, short-term and long-
term/strategic decision-making models, cost management ideas along with budgeting and
associated performance measurement practices.
Course Outcome: At the end of the course (MGL-6104), student would be able to:
Course Outcomes Cognitive Level
CO1: Demonstrate various concepts related to Indian and International Understand
accounting.
CO2: Apply costing techniques for computing cost of products or Apply
services.
CO3: Demonstrate various costing methods used in manufacturing and Understand
non-manufacturing concerns.
CO4: Analyze decisions related to make or buy for a particular input. Analyze
CO5: Develop understanding of budgetary and financial statements. Apply
Contents:
Unit I: Accounting Framework I (Introduction to Accounting)
Introduction, Nature, scope and importance of Accounting, Book Keeping, Accounting Process,
Users of an Accounting information and their needs, Accounting Equation, Role and
Responsibilities of an Accountant; GAAP and Accounting Standards-Indian and international.
Unit II: Accounting Framework II (Accounting Books and Final Accounts)
Preparation of Journal,Ledger, Trial balance, Cash book & other subsidiary books, Preparation of
Trading, Profit & Loss A/c and balance Sheet (with adjustments), Depreciation Accounting and
Preparation of BRS.
Unit III: Cost Accounting
Meaning, importance of Cost Accounting, Elements and classification of costs and Preparation
cost sheet, inventory valuation.
Unit IV: Management Accounting
Meaning , importance of Management Accounting, Budgeting & Budgetary Control; Preparation
of Fixed & Flexible budget, Zero Based Budgeting.
Unit V: Financial Statements Analysis
Meaning, importance of financial Statement , Ratio Analysis, Preparation and Analysis of Fund
Flow and Cash Flow Statements according to AS-3.
Books Recommended/Suggested Reading:
1. Gupta, Shashi K. and Sharma R.K. (2008)- Accounting for Managerial Decisions, Kalyani
Publications (Ludhiana)
2. Tulsian, P.C. (2009)- Financial Accounting, Tata McGraw Hill Publication, New Delhi
3. Shukla, S.M. (2009)- Advanced Accounting, Sahitya Bhawan Publication, Agra
4. Ramachandran, N. and Kakani, R.K. (2008)- Financial Accounting for Management, Tata
McGraw Hill Publication, New Delhi
5. Gupta, R.L (2008)- Advanced Financial Accounting, S. Chand & Co, New Delhi