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Questions Tute DRL
Questions Tute DRL
Questions Tute DRL
FINANCIAL ACCOUNTING
Course Outline for PGP/FPM
I. Course Objectives:
Through an introduction into the concepts, techniques and issues of financial accounting and
reporting, this course aims to enable students to:
2. Understand the significance of accounting principles and the systems and processes
involved in preparing and presenting financial reports, and
At the end of the course, students are not expected to become trained accountants but they
should develop into informed users of financial statements. They should:
Be able to analyze business transactions in a systematic manner,
Have a comprehensive understanding of the information available in financial
reports, and
Be able to analyze the financial statements of a company.
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Reading Material:
ii. Measuring and Reporting Assets, Liabilities and Shareholders’ Equity which
describes the information conveyed by the various components of accounting, and
iii. Analysing and Interpreting Financial Statements which discusses the process of
analysing financial performance using financial statements.
Module details:
Module I: The Basics of Financial Statements (Number of Sessions: 5)
This module provides an overview of financial reporting and accounting systems and
discusses the role of accounting in providing information for decisions. It explains the basic
transaction processing model and the accounting principles and concepts relevant to the
preparation of financial statements from transactions and documents. It covers:
Module II: Measuring and Reporting Assets, Liabilities and Shareholders’ Equity
(Number of Sessions: 10)
This module discusses the generally accepted accounting principles that are used in the
preparation and presentation of financial statements. It explains the accounting standards
applicable to certain major items that appear in financial statements and provides an
overview of the relevant legal requirements relating to disclosure. It covers:
Chapter 5: Inventories
Chapter 6: Long-lived Assets
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Chapter 7: Financial Assets
Chapter 8: Operating Investments
Chapter 9: Operating Liabilities
Chapter 10: Financial Liabilities
Chapter 11: Equity
This module deals with the analysis and interpretation of financial statements using tools
like financial ratios, trends and common-size statements. It also details out the components
of the statement of cash flows and the inter-relationship among these components. It also
identifies difficulties in comparing financial statements across firms. It covers:
2. Mid-term Examination 20 %
3. End-term Examination 30 %
5. Test/Case/Presentation/Class Participation/Viva/Game* 20 %
*The first four components are common to all sections. The fifth component will vary by
instructor. Your instructor will inform you about the exact requirements for the fifth
component.
V. Attendance Policy:
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