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FR-R11
(PGDM-RM 2011-13 : Term-I)
FINANCIAL REPORTING
Faculty : Prof. P.K. Mohanty
Credit: 1.5
Program: PGPRM
Objective of the Course:
Accounting is important to managers, organizations and societies. Accounting information is often the basis for decisions. We all use accounting information in one form or other in our day to day life. Accounting helps us in understanding the economic performance of the business. The objective of this course is to help you understand how businesses work and the underlying business transactions. It will help you to know how they create accounting information and how decision makers both inside and outside the company use this information. This course will help you develop an understanding of accounting principles, conventions and the financial statements.
Session Plan
Session 1
: Introduction, Forms of Business Organisation, Importance of Accounting and its users, GAAP, Accounting Standards
Readings :
Shankaranarayana and Ramanath- Ch 1 page 2-29 , R.Narayanaswamy-Ch.1 page 1-15; Asish K. Bhattacharyya-Ch.1 page 9-11
Session 2:
Business Decisions, Accounting Equation, Financial Statements and Information Reporting
Readings :
Shankaranarayana and Ramanath- Ch 2 page 34-55,R.Narayanaswamy-Ch.1 page 16-34; Asish K.Bhattacharya- Ch.2 page 20-23
Session 3:
The Balance Sheet: Current assets, Long-term assets, Current liabilities, Long-term liabilities and Stockholders’ equity
Readings :
Shankaranarayana and Ramanath- Ch 7 page 336-380,R. Narayanaswamy- Ch-2 page 62-66; Asish K. Bhattacharya- Ch.2 Page28-38; Stice and Stice- page 123-133
Session 4:
The Income Statement: Gross profit, Operating income, Net income, Individual items
Readings :
Shankaranarayana and Ramanath- Ch 7 page 336-380,R.Narayanaswamy-Ch. 3 page114-119; Asish K.Bhattacharya- Ch.3 page 54-63, Stice and Stice- page 177, Annual reports of Companies
Session 5:
Accounting for Fixed Assets and Depreciation Accounting
Readings:
Shankaranarayana and Ramanath- Ch 4 page 158-203 R.Narayanaswamy- Ch.8 page 350-394
Session 6:
Effect of Business Transactions on the financial statements, Measuring Business Income and Preparation of financial statements
Session 7:
Session 8:
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Session 9:
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Session 10:
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Readings for session 6,7,8,9&10:
Shankaranarayana and Ramanath- Ch 7 page 336-380,R.Narayanaswamy- Exercises at end of Ch.2, 3 & 4,
Business Decision Cases at page 103, 104,141; Annual Reports of
Companies
Evaluation:
1. Quiz : 10 marks
2. Assignment : 10 marks
3. End-term Exam. : 30 marks
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Total
50 marks
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Books for Reference:
1. Financial Accounting for Management by H.V. Shankaranarayana and H.R. Ramanath, Cengage Learning
2. Financial Accounting – A Managerial Perspective by R. Narayanaswamy
3. Financial Accounting by Ashok Banerjee
4. Financial Accounting for Business Managers by Asish K. Bhattacharya
5. Financial Accounting for Management by Ambrish Gupta
6. Financial Accounting –Reporting and Analysis by Stice and Stice
7. Hand outs
Created By:
Hemanta Ranjan Deo
on
06/17/2011
at
11:53 AM
Category
:
PGPRM - I
Doctype
:
Document
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