Accounting for Managers

Paper Code: 
MBA 125
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to;

CO 1. Differentiate basic Accounting concepts and principles.

CO 2. Construct journal entries, Trial Balance and Final Accounts of a Company.

CO 3. Analyze using various tools and techniques of financial analysis used for decision making.

CO 4. Examine different types of cost and prepare a Cost Sheet

CO 5. Evaluate different alternatives using techniques of CVP analysis for sound decision making.

CO 6. Examine various contemporary

issues/concepts in Accounting

Approach in teaching:

Interactive Lectures, Group Discussion, Tutorials, Case Study

 

 

Learning activities for the students:

Self-learning assignments, presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

 

12.00
Unit I: 

Introduction

Accounting-Meaning and definition, Nature, Need, objectives, Importance, Limitations, Common Accounting terms, Users of accounting information, Branches of accounting-Financial Accounting, Cost Accounting and Management Accounting-Nature, Differences and limitations, Generally accepted accounting principles (GAAP)-Accounting Concepts, Conventions and Standards (IFRS and Ind AS)

Recent developments in Accounting: Human Resource Accounting, Inflation Accounting, Responsibility Accounting-Concept

 

12.00
Unit II: 

Basics of Financial Accounting

Accounting equation, Systems of Book Keeping, Types of accounts and their Rules, Basics of Journal and ledger Trial Balance-meaning, preparation, errors

12.00
Unit III: 

Final Accounts

Profit & Loss Account and Balance Sheet-Content and preparation with adjustments

 

12.00
Unit IV: 

Financial Analysis

Meaning, objectives and types of financial analysis

Tools or techniques of financial analysis-Ratio analysis (meaning, objectives, limitations, classification, preparation of financial statements from ratios), Comparative and common size financial statements, Fund Flow analysis and Cash Flow Analysis-Meaning, difference and Content

 

12.00
Unit V: 

Cost concepts-Meaning, Objectives, Importance, Methods, Techniques and systems of costing; Basic Cost Concepts-Elements of cost, classification of costs; Cost sheet

Cost-Volume-Profit Analysis-Meaning, Assumptions, Significance, Break even analysis, Contribution and Marginal cost equation, Profit-Volume ratio, Margin of safety, key factor; Effect of change in the profit factors

 

Essential Readings: 

Essential Readings:

  • Madhu Vij, Management Accounting, MacMillan
  • Maheshwari, Maheshwari, A text book of Accounting for Management, Sultan Chand & Sons.

 

Suggested Readings:

  • M. Y Khan, P.K. Jain, Management Accounting: Text problem and Cases. Tata McGraw Hill.
  • Horngren, Management Accounting, Pearson Education.
  • Anthony Robert, Management Accounting Principles, R D. Irwin.
  • IM Pandey, Management accounting, Vikas Publishing House.
  • M.N. Arora, Cost Accounting Principles & Practices, Eight edition, Vikas Publishing house.
  • Agarwal M R, Management Accounting-I, Garima Publications

 

References: 

E-Resources:

  • Financial Accounting for Management, 6eGupta, Elibrary.in.pearson.com
  • Financial Accounting for Managers, 3e Dhamija, Elibrary.in.pearson.com
  • Managerial Accounting, 3e Braun Elibrary.in.pearson.com
  • Introduction to Management Accounting, 16e Horngren / Sundem / Stratton / Schatzberg / Burgstahler, Elibrary.in.pearson.com

Journals:

  • IUP Journal of Accounting Research
  • The Chartered Accountant

 

 

 

Academic Year: 
2023-2024
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