Course Name:-Accounting for Business Decision Semester -I

Course Code-GC10101 Credits-3 Marks-100

COURSE OUTCOMES: After completion of this course the students will be able to
CO.GC10101.1: Apply Accounting Principles and concepts to business situations.
CO.GC10 101.2: Create the Financial statements.
CO.GC10 101.3: Analyze the cost statements.
CO.GC10 101.4: Synthesize Cost information for managerial decision making.
Module No. of Hours
Module Name Details
No. (L+T+P)
Definition and Scope of Accounting Standards in
Basic Accounting India; Users of Accounting Information. Meaning of
1. Procedures, Financial Statements, Importance and Objectives of 2+2+2
Financial Statements Financial Statements, Capital & Revenue
Expenditure, Capital & Revenue Receipts.
Company Final Accounts: Schedule III vertical
Company Final format of Financial Statements as per Companies
2. 12+2+6
Accounts Act 2013. Balance Sheet Structure & Structure of
Profit and Loss Account. Structure of Cash Flow.
Basic Concepts of Cost Accounting, Objectives,
Importance and Advantages of Cost Accounting, Cost
3. Cost Accounting 4+2+2
Centre, Cost Unit, Elements of Cost, Classification
and Analysis of Costs, Preparation of Cost Sheet.
Meaning, Principles, Advantages and Limitations,
Contribution, P/V Ratio, Break- Even Point (BEP),
Short Term Business
4. Cost Volume Profit (CVP) Analysis, Short Term 6+2+4
Decision Techniques
Business Decisions– Product Mix Decisions, Make or
Buy (Outsourcing) Decisions.
Meaning of Budget and Budgeting, Importance,
Exercising Control
5. Advantages and Disadvantages, Functional Budgets- 6+2+2
– Budgetary Control
Cash Budget and Flexible Budget.

Suggested Textbooks:-
1. Periasamy, P. A Textbook of Financial Cost and Management accounting Himalaya Publication.
2. Maheshwari, S. N. A Textbook of Accounting for Management5th Edition Vikas Publishing House.

Suggested Reference Books:-

1. Maheshwari, S. N., Maheshwari, S. K., & Maheswari, S. K. An Introduction to Accountancy Vikas
Publishing House.
2. Tulsian, P. C., & Bharat, T. S. Cost Accounting Chand Publishing.
3. Kishore R.M. Taxmann's Advanced Management Accounting Taxmann Allied Services (P.), Limited.

Additional Resources:-
Background Note:
1. “Financial Analysis of Microsoft”, by William A. Sahlman, Harvard Business Publishing,
803019-PDF-ENG

Book Chapters:-
1. Berman, K., Knight, J., & Case, J. (2008). The Income Statement Affects Balance Sheet.
In Financial intelligence for entrepreneurs: What you really need to know about the numbers
(pp. 89-93). Harvard Business Press.
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Additional Note:-
Numerical Problems will be asked from the following sections:-
1. Company Accounts.
2. Preparation of Cost Sheets.
3. Marginal Costing and Short term Business Decisions.

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