COURSE OBJECTIVES
The objective of this course is to acquaint the students regarding various accounting concepts and its application in managerial decision making.
Unit – I Financial Accounting-concept. Importance and scope, accounting principles, journal ledger, trial balance, depreciation (straight line and diminishing balance methodology). Preparation of final accounts with adjustments.
Unit – II Analysis and interpretation of financial statements – meaning, importance and techniques, ration analysis, Fund flow analysis, cash flow analysis (AS - 3).
Unit – III Cost accounting –meaning, importance, methods, techniques; classification of costs and cost sheet; inventory valuation; an elementary knowledge of activity based costing.
Unit – IV Management accounting – concept, need, importance and scope; Budgetary control-meaning, need, objectives, essentials of budgeting, different types of budgets; standard costing and variance analysis (materials, labour): Marginal costing and its application in managerial decision making.
Suggested Readings:
1. Singhal, A.K. and Ghosh Roy, H.J., Accounting for Managers, JB Publishers and Distributors, New Delhi.
2. Pandey, I.M. Management Accounting, Vikas Publishing House, New Delhi.
3. Horngen, Sundem & Stratton, Introduction to Management Accounting, Pearson Education, New Delhi.
4. Anthony R, N. and Recee J.S. Management Accounting Principles, Homewood, Illinois, Richard D. Irwin, 1995.
5. Hansen & Mowen, Cost Management, Thomson Learning.
6. Mittal, S.N. Management Accounting and Financial management, Shree Mahavir Book Depot, New Delhi.
7. Jain S.P. and Narang K.L. Advanced Cost Accounting, Kalyani Publishers Ludhiana.
8. Khan M.Y. and Jain, P.K. Management Accounting, TMH, N. Delhi.
Note:
1. One case study be discussed – per unit – in the class.
2. Instruction for External Examiner: The question paper will have of two sections. Section ‘A’ shall comprise 8 questions (2 questions from each unit). The students will be required to attempt four questions (one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All the five questions will carry equal marks.
The objective of this course is to acquaint the students regarding various accounting concepts and its application in managerial decision making.
Unit – I Financial Accounting-concept. Importance and scope, accounting principles, journal ledger, trial balance, depreciation (straight line and diminishing balance methodology). Preparation of final accounts with adjustments.
Unit – II Analysis and interpretation of financial statements – meaning, importance and techniques, ration analysis, Fund flow analysis, cash flow analysis (AS - 3).
Unit – III Cost accounting –meaning, importance, methods, techniques; classification of costs and cost sheet; inventory valuation; an elementary knowledge of activity based costing.
Unit – IV Management accounting – concept, need, importance and scope; Budgetary control-meaning, need, objectives, essentials of budgeting, different types of budgets; standard costing and variance analysis (materials, labour): Marginal costing and its application in managerial decision making.
Suggested Readings:
1. Singhal, A.K. and Ghosh Roy, H.J., Accounting for Managers, JB Publishers and Distributors, New Delhi.
2. Pandey, I.M. Management Accounting, Vikas Publishing House, New Delhi.
3. Horngen, Sundem & Stratton, Introduction to Management Accounting, Pearson Education, New Delhi.
4. Anthony R, N. and Recee J.S. Management Accounting Principles, Homewood, Illinois, Richard D. Irwin, 1995.
5. Hansen & Mowen, Cost Management, Thomson Learning.
6. Mittal, S.N. Management Accounting and Financial management, Shree Mahavir Book Depot, New Delhi.
7. Jain S.P. and Narang K.L. Advanced Cost Accounting, Kalyani Publishers Ludhiana.
8. Khan M.Y. and Jain, P.K. Management Accounting, TMH, N. Delhi.
Note:
1. One case study be discussed – per unit – in the class.
2. Instruction for External Examiner: The question paper will have of two sections. Section ‘A’ shall comprise 8 questions (2 questions from each unit). The students will be required to attempt four questions (one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All the five questions will carry equal marks.
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