FRM-D14

FRM-D14
Executive One-Year Diploma (Part-time) 2014-15

Course Name: Financial Reporting & Management

Credits	2
Faculty Name	S. K. Padhi
Program	1 year Diploma(PT)
Academic Year and Term	2014-15, Term-I

1. Course Description

The objective of this course is to enable the students to understand the language of business called accounting. Reported financial statements consist of three components: Balance Sheet, Income Statement and Cash Flow Statement. Through this course, the students will be able to understand how these statements are being prepared, their significance in the context of different business decisions, analysis of each such decision and future business planning.

2. Student Learning Outcomes (typically 3-5 bullet points)

· Be able to get into a position to read into the reported financial statements of a company

· Be able to capture business transactions and classify them into income, expenditure, sources & assets

· Be able to understand the link between a managerial decision and corresponding financial implication

3. Required Text Books and Reading Material

1. Financial Accounting – A Managerial Perspective by R. Narayanaswamy
2. Financial Statement Analysis by Charles H. Gibson
3. Financial Accounting for Business Managers by Asish K. Bhattacharya
4. Financial Accounting for Management by Ambrish Gupta
5. Financial Accounting –Reporting and Analysis by Stice and Stice
6. Class Notes

4. Tentative Session Plan

Session Number Topics/Activities Reading / case list etc.

1 Discussion on the course outline.
Information asymmetry and users of financial reports
Understanding the business operations, Conceptual Framework. R.Narayanaswamy: Page no.- 4 to 6 & Class note

2 What is Accounting and its significance in business environment, Accounting measurement assumptions, Forms of Business Organization R.Narayanaswamy: Page no.- 7 to 17

3
GAAP, Institutions that influence Indian GAAP, Converging IGAAP with IFRS, Accounting Equation: Tool to understand business decisions. R.Narayanaswamy: Page no.- 20 to 36

4
Statement of Profit and Loss: Revenue from operations, expenses, exceptional & extraordinary items. Class note, exercise under revised schedule –VI

5
Statement of profit & Loss: Tax expenses(current & deferred tax), Discontinuing operation, EPS(basic & diluted) Company’s financial statement

6 Balance Sheet – Equity & Liabilities & Assets Company’s financial statement

7 Owners capital, borrowed capital & short term liabilities Class note, exercise

8 Long term assets, Current investments & current assets Class note, exercise and selected exercise from published financial reports

9 & 10
Effect of Business Transactions on the financial statements, Measuring Business Income and Preparation of financial statements Analysis of company’s financial statement

5. Evaluation
1. Quizzes : 40%
2. Group Work : 20%
3. End-term : 40%
Total : 100%

6. Academic Integrity

As per Institute’s norms

Created By: Alora Kar on 07/16/2014 at 03:11 PM
Category: EDIP-14 Doctype: Document

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Session Number	Topics/Activities	Reading / case list etc.
1	Discussion on the course outline. Information asymmetry and users of financial reports Understanding the business operations, Conceptual Framework.	R.Narayanaswamy: Page no.- 4 to 6 & Class note
2	What is Accounting and its significance in business environment, Accounting measurement assumptions, Forms of Business Organization	R.Narayanaswamy: Page no.- 7 to 17
3	GAAP, Institutions that influence Indian GAAP, Converging IGAAP with IFRS, Accounting Equation: Tool to understand business decisions.	R.Narayanaswamy: Page no.- 20 to 36
4	Statement of Profit and Loss: Revenue from operations, expenses, exceptional & extraordinary items.	Class note, exercise under revised schedule –VI
5	Statement of profit & Loss: Tax expenses(current & deferred tax), Discontinuing operation, EPS(basic & diluted)	Company’s financial statement
6	Balance Sheet – Equity & Liabilities & Assets	Company’s financial statement
7	Owners capital, borrowed capital & short term liabilities	Class note, exercise
8	Long term assets, Current investments & current assets	Class note, exercise and selected exercise from published financial reports
9 & 10	Effect of Business Transactions on the financial statements, Measuring Business Income and Preparation of financial statements	Analysis of company’s financial statement