Basic Financial Accounting

MBBA128L

COURSE CONTEXT
SCHOOL School of VERSION NO. OF Version 3
Management CURRICULUM THAT
THIS COURSE IS A
PART OF
DEPARTMENT Management DATE THIS COURSE January 2024
WILL BE
EFFECTIVE FROM
DEGREE BBA VERSION NUMBER
OF THIS COURSE

COURSE BRIEF
COURSE Basic Financial PRE- None
TITLE Accounting REQUISITES
COURSE MBBA128L TOTAL CREDITS 4
CODE
COURSE Core L-T-P FORMAT 3-1-0
TYPE

COURSE SUMMARY
The main objective of this course is to lay a strong foundation of financial accounting in the
students. The students will be introduced to the recording of transactions and preparation of
final accounting statements for business organizations. The course will also enable students
to analyse the key financial statements of a firm.

PROGRAM OUTCOMES (PO)

PO1: Application: Remember functional business knowledge and apply managerial skills in
changing business environment
PO2: Critical Thinking: Demonstrate critical thinking skills to address diverse business
challenges and opportunities
PO3: Communication: Practice effective communication with different stakeholders
PO4: Lifelong Learning: Demonstrate commitment to continuous learning
PO5: Ethics: Relate and follow professional and ethical principles

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 PROGRAM-SPECIFIC LEARNING OUTCOMES (PSO)
By the end of this degree program, students should have the following knowledge, skills and
attitudes:
PSO1: Applying Business Administration knowledge in the following domains: Marketing,
Finance, Entrepreneurship, Human Resources, International Finance and Accounting and
International Business
PSO2: Engaging in self-development and independent lifelong learning
PSO3: Practicing ethical decision making for sustainable benefit to the Business, Society and
Environment
COURSE-SPECIFIC LEARNING OUTCOMES (CO)
By the end of this program, students should have the following knowledge and skills:
CO1: To understand the role of accounting in making economic and business decisions.
CO2: To have good knowledge on how to record business transactions.
CO3: To critically analyse and interpret the information conveyed in each of the basic
financial statements using various financial tools.
CO – PO/PSO MAPPING

PO2 PO4
COs  PO1 PO3 PO5
Critical Lifelong
POs Application Communication Ethics PSO1 PSO2 PSO3
Thinking Learning
CO1 M H M H M H M L

CO2 M M L H M L H M

CO3 H H M H M H H M
H: High / M: Medium /L: Low
DETAILED SYLLABUS

Session Modules & Topics CO

no.
Module 1: Introduction to Accounting
1–2 1
Introduction to Accounting – Development of Accounting – Need for
Accounting – Definition of Accounting - Objectives of Accounting –
Functions of Accounting – Bookkeeping vs Accounting - Branches of
Accounting – Users of accounting information – Limitations of
Accounting.

Module 2: The Accounting Process

4–7 Accounting Principles – Concepts and Conventions – Meaning and need 1&
for convergence of India accounting standard with IFRS – Double Entry 2
Bookkeeping System – Single Entry system – Accounting Equation –
Advantages of double entry system – single entry vs double entry
8 – 15 Rules of Debit and Credit – Classification of accounts – Journal – 1&

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 Advantages of journal - Rules of Journal – Journal entries – Ledger – 2
Ledger posting – Balancing the Account – difference between Journal
and Ledger, Subsidiary Books
16 – 18 Trial Balance – Preparation of Trial Balance; Rectification of Errors
Module 3: Valuation of Assets, Liabilities and Shareholders’ Equity
19 – 21 1&
Inventories: Definition on inventories; Matching inventory cost with
2
revenues; Pricing of inventories

22 – 26 1&
Assets: Fixed Assets and Depreciation: Primer to fixed assets, cost of
2
acquisition. Introduction to Depreciation- Straight line method,
Diminishing balance method.
27 – 28 1&
Liabilities: Classification of liabilities, Characteristics of Debentures
2
30 – 31 1&
Shareholders’ Equity: Features of corporate form of organization, Types
2
of share capital, Accounting for share capital
Module 4: Understanding of Financial Statements
32 – 33 Meaning – Objectives of Preparing Final Accounts – Manufacturing 1, 2
Account – Trading Account – Profit and Loss Account - Balance Sheet – &3
Arrangement of Assets and Liabilities
34 – 38 Understanding of financial Statements of a Joint Stock Company as per
Companies Act 2013
39 – 41 Understanding the contents of a Corporate Annual General Report – 1, 2
Preparation of cash flow statements &3
Module 5: Financial Statement Analysis
42 – 45 Analysis of Comparative and Common Size Statements – Ratio Analysis 1, 2
– Analysis and interpretation of financial statement through Accounting &3
Ratios – Significance of Various Ratios – Uses and Limitations of Ratios

TEACHING-LEARNING STRATEGIES
The teaching-learning strategy includes lectures, class assignments and application-based
quizzes. Wherever possible, newspaper articles and real-life business cases are discussed so
that students can appreciate the concepts taught in the class.
STUDIO WORK / LABORATORY EXPERIMENTS:
None
REQUIRED TEXTBOOKS/LEARNING RESOURCES:
Maheshwari, S. N., Maheshwari, S. K., & Maheshwari, S. K. (2018). Financial Accounting
(6th ed.). Noida, India: Vikas Publishing House Pvt Ltd. ISBN 978-93-5271-853-5
Narayanaswamy R. Financial Accounting: A Managerial Perspective. PHI Learning Pvt. Ltd.,
Delhi
SUGGESTED TEXTBOOKS/LEARNING RESOURCES:
Horngren, C.T. (2014). Introduction to Financial Accounting (11th ed.) Pearson, ISBN:
9780133251036
Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant. Accountancy- text and cases.
McGraw Hill Education (India) Private Limited, New Delhi.

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EVALUATION STRATEGY
Components of Course Evaluation Percentage Distribution
Mid Semester Examination 20
End Semester Examination 40
Internal Evaluation 40
Total 100%

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