Foundation Program 2023-24

Preparatory Module – Financial Accounting

Dear students,

Welcome to the preparatory module on Financial Accounting, which is an important element of the MBA
Foundation Program at SBM-NMIMS.
The course work in this module is developed as a background for the 1st year MBA and to develop a
uniform understanding among the students.
The preparatory module consists of:
-Two interactive class sessions to make you familiar with the subject
-The course pack, which consists of pre-reads and post-reads
-A quiz at the end to provide you a feedback
The course pack is attached to this email.

Pre-read for Session 1

Before the first session - Please browse through the Annual Report of Berger Paints for 2021-22. It is
available at
https://www.bergerpaints.com/resources/pdf/anual-report/Berger-Annual-Report-21-22.pdf
Please note down the impressions that you form about the company based on the Annual Report and be
prepared to discuss the same in the first session.

All the best!

Faculty Group - Accounting and Finance

Session Plan: Preparatory Module on Financial Accounting 2023

Session Readings Class Work

Session 1 -Pre-read: Annual Report of Annual Report of Berger Paints
-Introduction to Accounting Berger Paints – 10 min
Equation and Terms -Case: Maya Company

-Balance Sheet Classification

Session 2 -Pre-read 1: HBS Background
-Application of Accounting Reading on Balance Sheet Case: RSL Ltd
Equation
-Pre-read 2: HBS Background
-Key Accounting Concepts Reading on Income Statement

-Preparing Financial
Statements
-Post-read 1: Conceptual Basis
Post Session Readings of Accounting

-Post-read 2: Balance Sheet

-Post-read 3: Profit and Loss

-Post-read 4: Conceptual
Foundation of Accounting –
IASB (2021) note
Course Pack
Session 1. Maya Company Case

Session 2:
HBS Background Reading – Balance Sheet
HBS Background Reading – Income Statement
RSL Case

Post-Sessions:
Conceptual Basis of Accounting
Balance Sheet
Profit and Loss

General Reference: Conceptual Foundation of Accounting – IASB (2021) note

Evaluation
Quiz after the Foundation Program