Name of Course: - Accounting for Managers

Course Code: MBA-23-103

Lecture Scheme Per Week Examination Scheme

Credit
Lecture Tutorial Institute End Semester Total Marks
Points
Hours Hours* Assessment Evaluation
4 0 60 40 100 4
Semester: - I
Course Category: - Generic Core Course
Course Code: - MBA-23-103
Course Name:- Management Accounting
L T PR Credit
Teaching scheme & Credits: -
4 - - 4
Prerequisites: - No prerequisites are required.
Course Description: The course Accounting for Managers is designed to provide non-
accounting professionals with a strong foundation in financial accounting concepts and principles,
enabling them to make informed business decisions based on financial information. The course
emphasizes the tools used by managers for analyzing the financial data.
Course Objectives: -
1) To understand the various accounting concepts and conventions.
2) To learn the inventory valuation techniques.
3) To equip students with knowledge of preparing financial statements .
4) To learn preparing cost sheets.
Course Outcomes: -
1) CO 1: Explain the accounting concepts and conventions.
2) CO 2: Apply inventory valuation techniques.
3) CO 3: Prepare the financial statements, viz., Profit and Loss Account, Balance Sheet of a sole
proprietor
4) CO 4: - Prepare cost sheet

Lecture /
Units Contents Weightage
Practical
Unit No: 1 1.1 Account, Accountancy and Accounting – 20 12
Introduction to Meaning and Definition.
Accounting
1.2 Book Keeping & Accountancy
1.3 Nature of Accounting, Need, Scope and
 Importance of Accounting
1.4 Classification of Accounts – Traditional and
Modern Approach
1.5 Golden Principles of Accounting
1.6 Methods of Accounting System

1.5 Important Terms used in accounting

1.6 Classification of Accounting
1.7 Accounting Concepts, Principles and
Conventions
1.8 National and International Accounting
Standards
1.9 Advantages and Limitations of Accounting
1.10 Users of accounting information
2.1 Double Entry Accounting System
2.2 Accounting Cycle
2.3 Preparation of Journal,
Unit No: 2 2.4 Preparation of Ledger
Financial 20 12
Accounting 2.5 Preparation of Trial Balance
2.6 Preparation of Trading and Profit & Loss
Account
2.7 Preparation of Balance Sheet.
3.1 Meaning, Definition of Depreciation,
3.2Methods employed by Indian Companies
Unit No: 3_ (with Numerical)
Depreciation 20 12
3.3 Inventory – Meaning, Definition & Types
Accounting &
Inventory 3.4 Inventory Valuation Methods
Valuations 3.5 Policies of Indian Companies.
4.1 Management Accounting: Evolution,
Meaning, Objectives, Scope and Importance
4.2 Tools and techniques used in Management
Accounting – Ratio Analysis, Financial
Unit No:-4
Statement Analysis, Cost-Volume Profit
Management 20 12
Accounting Analysis, Budgeting and Budgetary Control,
Management Information System with
numerical
4.3Role of Management Accountant in decision
making
Unit No: 5 5.1 Cost Accounting: Evolution, Meaning, 20 12
Cost Objectives and Scope
Accounting 5.2 Concepts of Costs, Classifications and
Elements of Cost
 5.3 Cost Centre and Cost Unit
5.4 Cost Accounting Standards
5.5 Elements of cost
5.6 Preparation of Cost sheet
5.7 Role of Cost Accountant in Decision Making
Total 100% 60
Learning Resources:- 1. Maheshwari, S.N. & Maheshwari, S.K. (2018), A Textbook of
Accounting for Management, S Chand Publishing
2. Anil Chowdhary. (2006), Fundamental of Accounting & Financial Analysis, Person Education.
3. Rajesh Agarwal and R Srinivasan. (2005), Accounting Made Easy, Tata McGraw Hill
Publication, New Delhi.
4. Jawaharlal and Seema Srivastava. (2017),Financial Accounting Text and Problems, Himalaya
Publishing House.
5. Dr. Jawahar Lal. (2020). Accounting for Management, Himalaya Publishing House.
6. Prof. N. Sundaram, Prof. E. Gordon, Dr. P. Jeyaram, Dr. R. Jayachandran. (2017). Management
Accounting, Himalaya Publishing House

Web Resources: -
Pedagogy: -Lecture, Discussion, Games, Case Studies, Activities, MCQ – Quiz, Assignments,
Presentations, Debate, etc.
Assessment Scheme: -
1) Institute Assessment (60 Marks)
- Attendance
- Class Continuous Assessments (MCQ, Assignments, Presentations, Group Discussion,
Debate, Project, Activities, etc.)
- Internal Examination
2) End Term Evaluation (40 Marks)

Prepared By Reviewed By Approved By

Dr. Jitendrasinh Jamadar Dr. Vijaya Deshmukh

(Course Expert) (Academic Coordinator) (Director)

Chairman, Board of Studies