Close

I. Introduction to the Course:

Before you start your journey of learning of accounting, it may be necessary to know that the accounting course you will be studying here is not different from what is taught to a professional accounting student. However, the focus is different. You will be taught to be an user of financial statements. You will not spend time on the mechanics of preparing the books of accounts. You will understand financial accounting as the process of converting business decisions into financial statement. You will understand the relationship between business decisions, financial transactions and financial statements. You may refer any book on accounting to understand the proceedings of the class. However, keep a watch on what is happening around you. You can see accounting everywhere.

By the end of this course you should be in a position to understand the financial statements of any company. Our focus is not book keeping but understanding the business decisions through financial statements.

II Student Leaning Outcomes

· Convert the business decisions into financial statements
· Understand the business decisions through financial statements
· Identify the business transactions underlying the financial statements
· Understand the overall financial performance of an organisations through ratio analysis and other financial analysis tools

III Course Contents:

Sl. No.	Topics	Suggested Readings (Authors’ Names)	No. of Sessions
1.	1. Understanding the Accounting Environment of corporate entities o Financial Accounting: Definition o Business Decisions o Financial Items o Financial Statements o Concepts and conventions	Conceptual Framework for preparing the financial statements	1
2.	Understanding the Accounting Equation o Assets o Equity o Liabilities	Separate note on Accounting Equation	2
3.	Converting Business Decision Introduction to Financial Statements o Balance sheet o Income Statement o Cash Flow Statement	Reading : Schedule VI of the Companies Act	2
4.	Accounting for Incomes : Revenue	Accounting Standard – 16	1
5.	Accounting for Inventory	Accounting Standard-2	1
6	Accounting for Cash Flows	Accounting Standard- 3	3
7.	Accounting for Property Plant and Equipments	Reading: Accounting Standard- 6 and 10	2
8	Accounting for Investments	Accounting Standard- 13	1
9	Accounting for Loans/Bonds/Debentures/Creditors	Accounting Standard -16	1
10	Accounting for Equity: o Accounting for Capital o Dividend o Stock Repurchase/Buyback o Stock Splits and Rights Issue	Reading Note	2
11	Financial Statement Analysis o Ratio Analysis: Liquidity/Solvency/Profitability/ Efficiency	Reading Note	2
12	Financial Statement Analysis o Dupont Analysis o Economic Value Added o Z Scsore	Reading Note	2

The book and reading material mentioned above are prescribed only for preliminary reading, and by no means be adequate to fulfill the learning objectives of this course.

· Recommended Book
· Financial Accounting: Godwin/Alderma/Sanyal : Cengage publication
· Library Books (other reference books)
o FINANCIAL ACCOUNTING FOR BUSINESS MANAGERS, Author: BHATTACHARYYA ASISH K :Call No: 657.48 BHA
o FINANCIAL ACCOUNTING FOR MANAGEMENT, Author: RAMACHANDRAN N & KAKANI RAM KUMAR: Call No: 657.48 RAM
o FINANCIAL ACCOUNTING: A MANAGERIAL PERSPECTIVE, Author: NARAYANASWAMY R NEW DELHI,Call No: 657.48 NAR
· Video Material
o Accounting Virtual Class: http://www.youtube.com/user/DVRamanaXIMB

V Evaluation:

Evaluation Component	Weight
Quizzes	25%
Mid-term examination	20%
Assignments	15%
End-term examination	40%

Please Note:

v Assignments, along with deadlines for submission will be announced during the course.
v Enforcement of discipline and code of conduct shall be in accordance with the Manual of Polices of the Institute.