NMIMS ~ SBM : Teaching Plan Financial Accounting and Analysis Academic Year: 2018-19 Course Code [Course Tile | Financial Accounting and Analysis I 7m ‘Course Dr. Paritosh Basu (Paritosh.Basu@nmims.edu) Instructor/s * Or. Chandan Dasgupta (Chandan.Dasgupta@nmims.edu) Dr. Vrinda Kamat (vrindskL65@gmail.com) Dr. Smita Mazumdar (Smita.Mazumdar@nmims.edu) Dr. Sangeeta Wats (Sangeeta. Wats@nmims.edu) Credit Value [ 3 credits /20 sessions { 100 marks paper } Programme & | Trimester NMBA Year | Trim | Pre-requisite | Harvard Business Module (Financial Accounting) Learning. ‘A. Demonstrate ability to understand and prepare financials (Income Objectives / statement, Balance sheet, Cash Flow statement) in an Indian setting (PLO 1a), Outcomes B. Analyzing the financial position and results of firms from multiple perspectives (PLO 2a) Session Pian Session Detalls Terpeeraee Understanding the Accounting Equation Ind AS 1 Presentation of Financial Statements Reading: Chapter 1 (AHM): The Nature and Purpose of Accounting(Pg.1-20) Case: RSL 2 Preparation of Balance Sheet Understanding of assets and liabilities and their categorization in terms of period | and nature in conformity with the four frameworks for accounting and disclosures. | Reading: Chapter 2 (AHM): Basic Accounting Concepts: The Balance Sheet (Pg, 26- | 44) I Case: Lone Pine Café (A}{AHM) - CH2-2-3 (pg 48) 3 Preparation of Income Statement Understanding about nature of income and expenses and their treatment in conformity with the four frameworks for accounting and disclosures. Reading: Chapter 3 (HM): Basic Accounting Concepts: The Income Statement (Pg.50-71) Case: Lone Pine Café (B)-AHM —CH3-2 (pe 74) 4 ‘Accounting Mechanics Measuring, recognizing, recording and reporting of transactions according to accounting standards befitting the business requirement for management reporting, and governance. Reading: Chapter 4 (AHM) : Accounting Records and Systems (Pg.81-100), Case: Thumbs-Up Video, inc (HBS) - 9-189-193,5 Revenue Recognition Ind AS 115 Revenue vraag: Chapter 5 (AHM): Revenue and Monetary Assets (P8-108-129) Case: - Hamilton Corporation(A) iG T inventory Valuation \ Ind AS 2 Inventory | Reading: Chapter 6 (AHM): Cost of Sales and Inventories (Pg.142-162) Case: - Lewis Corporation (AHN) - CH-6-2 (Pg 167) 7 ‘ang ved Won Monetary Assets, Deprediaiion Policy, Impaitment and °St! Understanding of measurement of accounting of fixed assets thee categorization, depreciation accounting and disclosures in conformity with the four frameworks for ‘accounting and disclosures, | aeeaing: chapter 7 (AHM): Long Lived Non-Monetary Assets and Their Amortization (Pg.272-194) ind AS 16 Property, Plant and Equipment Case: Hamilton Corporation (8) Tong Lived Non-Wonetary Assets, Depreciation Policy, impalement ‘and COU Umgarctanding of measurement of accounting of fixed assets thelr categorZa00N depreciation accounting and disclosures in conformity with the four frameworks for accounting and disclosures. Reading: Chapter 7 (AHM): Long Lived Non-Monetary Assets and Thelr Amortization (Pg.172-194) Ind AS 38 Intangible Assets Ind AS 36 Impairment of assets 3 iieportingn Corporate Content n compliance with the requirement of accounting framework, | {including notes to accounts) | Reading! Chapter 8 (AHMI: Sources of Capltal: Debt (Pg.220-234) | Reading: Chapter 9(AHM): Sources of Capital Owner's Equity (P6256-270) Case: Annual Report: Mind Tree Ltd 10 Fagaiting ihe Corparate Context in compliance with the requirement of accounting framework {including notes to accounts) Reading. Chapter 8 (AHM): Sources of Capital: Debt (Pg.220-234) | Reading: Chapter 9 (AHA) Sources of Capital: Owner's Eauty (8 256-270} Case: Annual Report: Shalimar Paints Mario Utd2 Accounting for Current income Tax, Deferred Tax with reference to ICDs Consolidation of Financial Statements for a Group of Entities Leased Assets Off Balance Sheet Items Ind AS 110 income Taxes Reading: Chapter 10 (AHM): Other items That Affect Net Income and Owners’ Equity (Pe.292-300) | Case lets to be distributed in the class i Accounting for Current income Tax, Deferred Tax with reference to ICDS Consolidation of Financial Statements for a Group of Entities Leased Assets Off Balance Sheet items Ind AS 27 Separate Financial Statements Ind AS 17 Leases Reading: Chapter 10 (HM): Other tems That Affect Net Income and Owners’ | Equity (Pg.292-300) | Case lets to be distributed in the class 13 Statements of Cash Flow Understanding about inbound and outbound movements of funds under the broad Categories of Operating, Investment and Financing Ind AS 7 Statement of Cash Flows | Reading: Chapter 31 (AWM): The Statement of Cash flows(Pg324-387) 4 | Statements of Gosh Flow i Case: Bharat Chemicals Case: Continental Equipment aoe Statements of Cash Flow He ‘Analysis of Cash Flow Statement of Mind Tree Lt. and Shai | 16) Analysis of Financial Statements | Liquidity and Profitability assessment from multi stakeholder's perspectives. | Reading: Chapter 13 (AHM): Financial Statement Analysis (Pg.367-386) Case: Study and analysis of Annual Reports of Communica, Annual Report: Shalimar paints 7 Analysis of Financial Statements rejection to Common Siz Statements, Comparative & Trend Analysis Ratios, | taking into consideration the knowledge inputs received from the earlier sessions Reading: Chapter 13 (aHM): Financial Statement Analysis (Pg-aey soe | Case: Study and analysis of annual Reports of Companies Annual Report: Shalimar paints is Analysis of Financial Statements tinderstanding of Efficiency, Long Term solvency: Assessment from multi stakeholder’s perspectives. essing: Reading:_ Chapter 13 (AHM): Financial Statement Analysis (P.367-386)Case! Study and analysis of Annual Reports of Companies Annual Report: Shalimar paints 2 Analysis of Financial Statements Investment Ratios: Assessment from multi stakeholder's perspectives. Du Pont Model and Z Score Reading: Reading: Chapter 13 (AHM}: Financial Statement Analysis (Pg 367-386) Case: Study and analysis of Annual Reports of Companies Annual Report: Shalimar paints 20 Forensic accounting Reading: To be shared in Class Case lets to be distributed in the class Pedagogy Conceptual understanding through problem soiving and Case Discussion Comprehending actual business issues through Annual Report discussions ‘Assessment lass Participation: 10 marks methods in Quiz: Pre-defined weeks**: 20 marks Alignment with | Group Assignments: (2 Assignments) ***: 30 marks, Intended Final exam: (Open Book): 40 marks learning outcomes Reading List and References, Note: Reference: Accounting- Text and cases, Robert Anthony, David Hawkins, Kenneth Merchant, Tata McGraw Hill, 13" edition Reading: Good Group Company- A publication of E&Y *CONSULTATION TIMINGS: Or. Paritosh Basu Cabin No: 848 (E) Time: Monday and Wednesday- 2:00 pm to 4:00 pm Dr. Chandan Dasgupta Cabin No: 854 (E) Time: Wednesday and Friday-10.30am to 11.30 am Dr. Vrinda Kamat Cabin No: Visiting Faculty Area (E) Time: Dr. Smita Mazumdar Cabin No: 855 {E) Time: Tuesdays and Thursdays- 12.30pm to 1.30 pm Or. Sangeeta Wats "QUIZ Cabin No: 830 (E) Time: Monday and Saturday- 1:00 pm to 2:00pm. Quiz Topics to be covered- Balance Sheet, Income Statement, Revenue, Depreciation and Inventory - WEEK 5 Quiz Topics to be covered- Cash Flow Statement and Company Format (in addition to Quiz topics) ~ WEEK 8 ‘Quiz-tit- Topics to be covered- Analysis of Financial Statements (in addition to Quit |, & II topics) WEEK 10"" ASSIGNMENTS: ssignmenti- (INDIVIDUAL ASSIGNMENT) Case: Music Mart: Preparation of Balance Sheet [Marks-5] Submission Date: Session 7 Assignment 2- (GROUP ASSIGNMENT) Analysis of Financial Statements-The companies name will be Circulated by the concerned faculty. [Marks-25] Submission Date: Session 19 Ree owmnowed _/APPROVED BY. OR: PARITOSH BASU FacuLTy SOM, NMIMS, MUMBA! DR. CHANDAN DASGUPTA, Facucty SoM, NIMs, MUMBAI OR. VRINDA KAMAT VISITING FACULTY SBM, NMIIMS, MUMBA! Ww OR. SMITA MAZUMDAR FACULTY SBM, NIMS, MUMBAI FACULTY SBM, NIMIMS, MUMBAI DR. MAYANK. seo AREA CHAIRPERSON. FINANCE SBM, NMIMS, MUMBAL — DR. RAMESH BHAT PROVOST AND DEAN SBM, NMIMS, MUMBA!