ACCOUNTING FOR MANAGERS

Code:1004 Teaching Hours: 4 Hours Per Week Credit Points : 04 Semester End Exam Marks : 80 Internal Marks : 20 Objectives: 1. To familarize the students with the preparation and presentation of financial statements of an organisation. 2. To understand the accounting policies and standards. Module I No. of hrs. 15 Basics of Accounting - Role of Financial Accounting - Function, Basic Accounting Concepts and Conventions underlying the preparation of Financial Statements. Double entry book keeping system - Books of Accounts & Trial Balance and Preparation of Profit & Loss Account and Balance Sheet, Fixed Assets and Depreciation Accounting- Methods of Depreciation Module II No. of hrs. 10 Analysis and Interpretation of Financial Statements. Understanding the status and performance of Enterprise. Ratio Analysis: Trend, inter firm, industry and recent reports of different companies for analysis. Statement of changes in financial position (Cash Flow and funds flow statement) Module III No. of hrs. 10 Basic Cost Concepts: Cost Terms, Classification, Cost Drivers and Cost Management, Manufacturing Costs and Definition of Term. Product Costing: Meaning, Preparation of Cost Sheet Process costing: Normal Loss, Abnormal Loss, Abnormal Gain, Joint and by Products Costs. Text Books: 1. Jessey Joseph Kupapally: accounting for Managers, Phi Learning 2. Khan and Jain : Management Accounting, Tata McGraw Hill Publishing Co New Delhi 3. S.N. Maheshwari: Corporate Accounting for Managers, Vikas Publishers 4. Lall Nigam & Jain: Cost Accounting, Phi Learning