EVENT ACCOUNTING

Paper Code: 
25ETM332
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to apply accounting principles and practices specifically tailored to the events industry, including budgeting, financial reporting, and revenue management.

 

Course Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

 

 

 

 

 

 

 

25ETM

332

 

 

 

 

 

 

Event Accounting (Theory)

CO41: Record transactions accurately and prepare ledger accounts.

CO42: Prepare financial statements and use subsidiary books effectively.

CO43: Examine cost management strategies for event planning.

CO44: Assess Break-Even Point (B.E.P.), budgeting strategies, and event fee setting.

CO45: Evaluate cash flow management, draft event tenders, and understand business formation.

CO46: Contribute effectively in course-specific interaction

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration, Team teaching

 

Learning activities for the students: Self learning assignments, Effective questions, Giving tasks

Continuous assessment test, Year end examinations, Quiz, tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
Basics of Book Keeping and Accountancy

Definition and its Usefulness, Accounting principles, Concepts and Convention, Recording of Transactions in Journal, three columns’ Cash Book, Preparation of Ledger Accounts

 

12.00
Unit II: 
An overview of Subsidiary books

Purchase Book, Purchase Returns Book, Sales Book, and Sales Returns Book

Preparation of Financial Statements: Preparing Trading Account, Profit& Loss Account and Balance Sheet.

 

12.00
Unit III: 
Introduction to Cost Accounting

Meaning and definition of cost accountancy, Nature and Scope of Cost Accounting, Cost Concepts, Distinction between Financial and Cost Accounting. Cost Statements: An Introduction: Elements of Cost, Cost sheet, Cost-volume profit analysis as applied to event management

 

12.00
Unit IV: 
B.E.P. analysis as applied to event management and tactical decision

Budget and Events, Use of cost centers in event management, Event management fees

12.00
Unit V: 
Formation of a business

Cash flow management in events A Sample event tender

 

Essential Readings: 

Dr. Bhiwandiwalla: Research Module on Event Production, event law and catering, National Institute of Event Management.

            (Latest edition of these books should be used)

 

References: 

 

Suggested Reading:
  1. Cost and Management Accounting: Duncan Williamson, PHI, New Delhi
  2. Management and Cost Accounting: Colin Drury, Taxmann, New Delhi
  3. Cost Accounting: Jawahar Lal, Tata Mcgraw Hill, New Delhi
  4. Cost Accounting Principles and Practice: M.N. Arora, Vikas Publication, New Delhi
  5. Cost Accounting: B.M Lall Nigam, I.C. Jain, PHI, New Delhi
  6. Cost Accounting Theory and Practice: Bhabatosh Banerjee, PHI, New Delhi
  7. Cost Accounting: Agarwal, Jain, Sharma, Shah and Mangal, Ramesh Book Depot, Jaipur
  8. Cost Accounting: Jain, Khandelwal & Pareek, Ajmera Book Depot, Jaipur

 

E-Resources:
  1. https://www.expresslibrary.mheducation.
  2. https://www.pdfdrive.com/accounting-for-managers-interpreting-accounting...

 

Academic Year: 
2025-2026
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