Module Descriptor

Module Title Program Term Credits : : : : Accounting for Managers MBA I 3

Time required in terms of Student Learning: Learning Contact Guided Study Assessment Total Hours 36 25 14 75

Aim and Objective: To familiarize learner with the principles and techniques and procedures of accounting and using financial and accounting information for managerial decision making. After completing this course, the students will be able to 1. To Learn Accounting Concepts, Principals, Standards, recording of transactions, preparation of Final accounts. 2. To Analyses Financial Statements by using Accounting ratios and other relevant techniques. 3. To understand the cost concepts, methods of costing and marginal costing for decision making and product costing. 4. To learn Standard costing and variance analysis as technique of cost control and budgeting. Teaching and /Learning Approach: Students will learn through a combination of face-to-face contact and guided study. Personal contact sessions will include case study analysis, numerical problem solving, and presentations. Guided Study: Guided study will include text readings, articles on contemporary issues in organization, assignments, case analysis and power point presentations. Assessment: Assessment of the student will be based on mid-term and end term examination and continuous assessment subject to class participation, assignments and presentations.

Indicative Content:

Following set of topic will help to achieve the learning outcomes. Topic Overview Coverage Accounting concepts conventions and principles International Accounting principles and standards Matching of Indian Accounting Standards with International Accounting Standards. Double entry system of accounting. Golden rules of Accounting. Types of Accounts. Journalizing of transactions Posting the Ledger Trial Balance Preparation of final accounts Profit & Loss Account Balance Sheet Balance Sheet (with basic adjustments) Introduction to Ratio Analysis Solvency ratios Profitability ratios Activity ratios Liquidity ratios Market capitalization ratios Comparative Balance Sheet DuPont Analysis Fundamentals of Costing Costing: Marginal Costing versus Absorption Costing Cost-Volume-Profit Analysis P/V Ratio Analysis and their implications Concept and uses of Contribution Breakeven Point and their analysis for various types of decision-making. Product Costing Differential Costing and Incremental Costing Concept and advantages No. of Lectures 4 Presentations Yes Case Study

Mechanics of Accounting

Yes 10

Analysis of financial statement

Yes 6

Cost Concepts and Marginal Costing

Yes 6

Standard

Yes

Costing and Variance Analysis Budgeting

Types of Standards Variance Analysis: Materials, Labor and Overhead Managerial Uses of Variances Concept of Budget Budgeting Types of Budget, Static and Flexible Budgeting Preparation of : Cash Budget Master Budget Advantages and Limitations of Budgetary Control.

Yes

TOTAL Recommended Readings:

36

Maheshwari S. N. & Maheshwari S. K., An Introduction to Accountancy (Vikas, 9th Edition) T.S. Grewal & Sultan Chand, Advance Accounting. Robert Anthony & Hawkins, Accounting Test and Cases 1995, Richard D. Irwin London. Ramchandran & Kakani, Financial Accounting for Management (TMH, 2nd Edition). Frank Woods Business Accounting Vol 1. 10th Ed. Pearson India.