CVM5401 Accounting for Engineers

Level 5
Course Code CVM5401
Course Title Accounting for Engineers
Credit value 4

Core/Optional Core (Common)

Prerequisites AGM4307 (P)

Hourly Theory Activities Independent Assessments Total

Breakdown Learning hours
30 SSS *2h 5 DS*2h 2 MP*10h 30 SSS*3h =90h 2 CAT*1.25h =2.5h
= 60 h =10 h =20h 201.5
3 SCA*5h = 15h 2 MP-RT* 2h =4h

Course Aim/s To provide knowledge of terms, principles, procedures and techniques in Accounting in
Engineering context.
Course Learning At the completion of this course student will be able to:
Outcomes (CLO):
CLO1: Explain the overall purpose of learning accounting by engineering professionals
and describe the purpose of Accounting Equation and its importance.
CLO2: Explain the different situations where source documents that are used for
accounting can be adopted.
CLO3: Describe how to do accounting for purchasing and supplying, and how to do
accounting for stocks and depreciation.
CLO4: Explain how to prepare a Trial Balance and the reasons for preparing a Trial
Balance.
CLO5: Explain the procedure of preparing the Trading Account and the Profit and Loss
Account and the purposes of these two accounts.
CLO6: Outline the broad concept of what Cost and Management Accounting is and
elaborate on the key concepts in cost accounting,
CLO7: Describe different methods of pricing and return on investment.
CLO8: Outline the concept of Capital Budgeting and explain Risk Management in
Accounting, and describe Social and Environmental Accounting
Content Outline Syllabus:
(Main topics, sub
topics) Unit 01: Introduction to Accounting
Session 01: Introduction to Accounting for Engineers
Session 02: Fundamental concepts of Accounting
Session 03: Accounting Equation and its importance
Session 04: Double Entry System
Session 05: Layout of an Account
Unit 02: Source Documents
Session 06: Source Documents used for Accounting
Session 07: Primary Books
Session 08: Journals
Session 09: Cash Book and the importance of it
Session 10: Petty Cash and accounting for Petty Cash
Unit 03: Types of Accounts 1
Session 11: Accounting for purchasing and supplying
Session 12: Accounting for Stocks and depreciation
Session 13: General Ledger
Session 14: Trial Balance
 Session 15: Rectifying the errors in recorded transactions
Unit 04: Types of Accounts II
Session 16: Trading Account
Session 17: Profit and Loss Account
Session 18: Balance Sheet
Session 19: Accrued and Prepaid expenses
Session 20: Company health metrics using Ratios
Unit 05: Cost Accounting
Session 21: Introduction to Cost and Management Accounting
Session 22: Key concepts of cost accounting
Session 23: Traditional Costing Methods
Session 24: Modern Costing Methods
Unit 06: Pricing and Capital Budgeting
Session 25: Pricing and Business Objectives
Session 26: Pricing Strategies
Session 27: Pricing and return on investment methods
Session 28: Introduction to Capital Budgeting
Session 29: Risk Management in Accounting
Session 30: Social and Environmental Accounting

Mini Project:
Both mini projects-exercises have been designed in such a manner that the student is
expected to:
1. Comprehend the mini project exercise, work out a strategy to execute the mini
project exercise and clearly identify the different steps of the process of executing
the exercise.
2. Decide on a separate methodology for each step of the mini project exercise and
carry out the mini project exercise.
3. Analyze the answers/responses/data received and write the mini project report.
Teaching- a) Course material in print: 30 sessions
Learning methods b) On line/ Blended classes: None
c) Compulsory contact sessions
▪ Mini Projects
d) Self-learning/independent learning:
▪ Learning the course material (print, online)
▪ Recommended reading material
e) Non compulsory contact sessions
▪ Day schools (discussion classes)
Assessment Overall Continuous Assessment Mark, X Final Examination Mark, Y
Strategy 100% 100%
Details: Details:
Continuous Assessment Test (CAT) Final Written Examination(FWE)
Mini Projects (MP)
Y = FWE
X=AVG(CAT)0.6 + AVG(MP)0.4;

if AVG(MP) > 40

X = 0; if AVG(MP) < 40

Overall Assessment Mark = Z

Z = 0.5 X + 0.5Y
if Y ≥ 40
 Z=Y
if Y < 40
Condition for Pass:
Z > 40 and X > 40
Recommended 1. Jae K. Shim & Norman Henteleff ( 2011) , Accounting & Finance,7th edition, Books
Reading hub Karol Bagh, India
2. Kesvan. R Engineering Economics and Financial Accounting (2005) 6th edition,
Laxmi Publications, India
3. Edmonds. T.P. (2012) Fundamentals of Financial Accounting Concepts(2012) 7th
edition , McGraw-Hill Higher Education