Accounting For Managers

Paper Code: 
EMP 124
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The basic purpose of this course is to develop an insight of postulates, principles an techniques of accounting and utilizations of financial and accounting information for planning decision-making and control.

12.00
Unit I: 

Accounting As An Information System,
Concept – Users – Assumption – GAAP – Accounting Equation,
Recording Business Transactions
Accounts – Classification – The Double Entry System – Recording Transaction – Trial Balance.
 

12.00
Unit II: 

Measuring Business Income,
Income Measurement – Adjustment Process – Preparation of Financial Statements with Adjustments – Accounting Cycle,
Accounting Postulates, Concepts, Principles and Standards
– Defining the Term Accounting Standard – Benefits of Accounting Standards – Standard Setting in India – Scope of Accounting Standards – List of Accounting Standards.
 

12.00
Unit III: 

Accounting For Merchandising Transactions,
Income Measurement – Revenue from Sales – Cost of Goods Sold – OperatingExpenses – Classified Financial Statements,
Internal Control Systems-Cash And Receivables. Fixed Assets and Depreciation
Depreciation Concept & Methods – Special Problems in Depreciation Accounting- Capital Expenditure & Revenue Expenditure.
 

12.00
Unit IV: 

Financial Statement Analysis
Objectives – Standards of Comparison – Sources of Information – Quality of Earnings – Techniques of Financial Statements Analysis. Statement Of Cash Flows, Concepts – Uses – Limitations, Ratio Analysis, IFRS, Budgeting.
 

12.00
Unit V: 

 Need for Accounting Information, Segment Reporting – Related Party Disclosure.

 

* A minimum of one case study will be discussed per unit of the syllabi.

References: 
  1. Narayan Swamy, Financial Accounting, Prentice Hall of India, New Delhi, 20022.
  2. Bhattacharya Aashish, Financial Accounting, Prentice Hall of India, New Delhi, 20023.
  3. Williams, Haka, Bettner & Meigs, Financial & Managerial Accounting, Tata McGrawHill Publishing Co., New Delhi, 2004.

Suggested Readings:

  1. Ghosh T.P., Financial Accounting for Managers, Taxmann Publication, New Delhi,2003.5.
  2. Jawaharlal, Accounting for Managers, Himalaya Publishing House, Mumbai, 2003.