Lovely Professional University,Punjab

Format For Instruction Plan [for Courses with Lectures and Tutorials

Course No MGT515

Cours Title ACCOUNTING FOR MANAGERS

Course Planner 15604 :: Harpreet Singh Bedi

Lectures Tutorial Practical Credits 4 1 0 5

Text Book:

1 Belvered E Needles, Accounting for Decision Making, Cengage Learning, New Delhi, 2010

Other Specific Book:

2 Pandey I.M., Management Accounting, Vikas Publishing House Pvt. Ltd 3 Shah Paresh, Management Accounting, Oxford University Press, 2009. 4 Horngren, Sundem & Stratton, Introduction to Management Accounting, Prentice Hall India, 2007. 5 Tulsian PC, Financial Accounting, Pearsons Publication, New Delhi, 2008.

Other Reading Sr No Jouranls atricles as compulsary readings (specific articles, Complete reference) 6 Kaizen Costing and Value analysis available at http://www.pmcgua.com/english/functionalities/ifs_kaizen_costing_and_value_analysis.pdf 7 A new look for accounting available at http://search.proquest.com/pqcentral/docview/214532619/fulltextPDF/13082A37F8770529495/8?accountid=80692 8 THE CRISIS EFFECT ON PERFORMANCE BASED BUDGETING available at http://search.proquest.com/docview/818745245/fulltextPDF/1308C42075E239357A4/1?accountid=80692 9 Standard costing and its role in today's manufacturing environment avaailable at http://search.proquest.com/pqcentral/docview/195658758/fulltextPDF/1308C47B3272CA1A62A/1?accountid=80692 10 Activity Based Costing: How ABC is Used in the Organization available at http://www.sas.com/offices/europe/switzerland/romandie/pdf/actualites/abm_survey_result.pdf 11 Why Business Fail avaailable at http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=3&hid=122&sid=df79eb10-a671-430c-bb31-1ea9d9f8bc2d %40sessionmgr104 12 Assessment of the financial health of malaysian construction firms using financial ratio analysis available at http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=5&hid=122&sid=432d633f-d3eb-4ee8-bba2-f535922b7b75%40sessionmgr114 1 Approved for Autumn Session 2011-12

13 The effect of debt financing on cash flows; evidence from tehran stock exchange (tse) available at http://web.ebscohost.com/ehost/pdfviewer/pdfviewer? vid=3&hid=122&sid=315377ac-88d8-4b6a-8918-3dd61142437b%40sessionmgr115 14 The Effects of Information Presentation Format on Judgment and Decision Making:A Reviewof the Information Systems Research available at http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=3&hid=122&sid=edeac0f8-80f2-4186-b81e-81c810e35c05%40sessionmgr111 15 Turning Budgeting Pain into Budgeting Gain available at http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=3&hid=122&sid=226082ae-2aa8-4f6d-9dda54f527df2df4%40sessionmgr114 Relevant Websites Sr. No. (Web adress) (only if relevant to the courses) 16 http://www.accountingformanagement.com/ 17 http://www.super-memory.com/sml/2003/522.htm 18 http://www.businessbookmall.com/Accounting%20Internet %20Library.htm 19 http://www.futureaccountant.com/standard-costing-varianceanalysis/ 20 http://www.futureaccountant.com/ Salient Features Provides introduction to managerial accounting & all other managerial accounting articles, concepts etc. Information regarding concepts of managerial accounting Free study material available for the course Notes on standard Costing Notes on various topics of accounting

21 http://opentuition.com/pdf/F5_Throughput_accounting_and_ba Applications of Throughput Costing & Backflush costing ck-flush.pdf 22 http://www.saralaccounts.com/resources/accounting-std.php 23 http://numia.biz/edodocument/index.php 24 http://ahmadladhani.files.wordpress.com/2008/12/marginalcosting1.pdf Study Material Study Material Material Marginal Costing

Detailed Plan For Lectures

Week Number Lecture Number Lecture Topic Chapters/Sections of Pedagogical tool Textbook/other Demonstration/case reference study/images/anmatio n ctc. planned

Part 1
Week 1 Lecture 1 Lecture 2 Basic Accounting Review: Accounting terms, Users ->Reference of accounting information :1,Chapter 1 Accounting concepts and conventions ->Reference :1,Chapter 1 ->Reference :18

Approved for Autumn Session 2011-12

Week 1

Lecture 3 Lecture 4

Accounting Equation Financial Accounting, Cost Accounting, Management accounting & their interrelationships

->Reference :1,Chapter 1 ->Reference :1,Chapter 1 ->Reference :3,Chapter 1 ->Reference :1,Chapter 1 ->Reference :3,Chapter 11 ->Reference :3,Chapter 11 ->Reference :18 ->Reference :22 ->Reference :1,Chapter 23 ->Reference :3,Chapter 11 ->Reference :1,Chapter 23 ->Reference :1,Chapter 23 ->Reference :3,Chapter 11 ->Reference :3,Chapter 11 ->Reference :3,Chapter 11 ->Reference :7,Ref. ->Reference :1,Chapter 23 ->Reference :12,Ref. ->Reference :17

Week 2

Lecture 5

Understanding Corporate Financial statementstypes, nature, Attributes, uses and limitations. Capital and Revenue expenditures and receipts.

Lecture 6

Lecture 7

Financial Statement Analysis - Concepts and objectives, Tools for analysis and interpretation of financial statement analysis. Common-size financial statements- Common size profit & Loss Account Common -size financial statements- Common Balance Sheet. Comparative statements- Profit & Loss Account Comparative statements- Balance Sheet Trend analysis.

Lecture 8 Week 3 Lecture 9 Lecture 10 Lecture 11 Lecture 12

Week 4

Lecture 13

Ratio analysis- Meaning, uses and types.

Part 2
Week 4 Lecture 14 Lecture 15 Liquidity Ratios - Current ratio , Quick ratio & Cash ratio Efficiency/ Activity ratios ->Reference :1,Chapter 23 ->Reference :1,Chapter 23 ->Reference :3,Chapter 11

Approved for Autumn Session 2011-12

Week 4

Lecture 16

Profitability Ratios

->Reference :1,Chapter 23 ->Reference :3,Chapter 11 ->Reference :1,Chapter 23 ->Reference :3,Chapter 11 ->Reference :1,Chapter 23 ->Reference :3,Chapter 11 ->Reference :2,Chapter 3 ->Reference :2,Chapter 3 ->Reference :2,Chapter 3 ->Reference :2,Chapter 3

Week 5

Lecture 17

Leverage ratios

Lecture 18 Lecture 19 Lecture 20

Numerical Problems and Du Pont Framework Further Numerical Problems Fund Flow Statement- Meaning, Uses, Statement of changes in working capital and fund flow statement (Overview) Preparation and Analysis of Statement of changes in working capital. Preparation of Fund Flow Statement- Finding out hidden information & ascertaining funds from operations Preparation & analysis of Fund Flow Statement.

Week 6

Lecture 21 Lecture 22

Lecture 23 Lecture 24

Cash Flow Statement- introduction, three categories ->Reference of cash flows/ business activities :1,Chapter 21 & 22 ->Reference :13,Ref. 13 Preparation of Cash Flow Statements- Reporting Cash Flow from operations- Direct & Indirect Method Preparation of Cash Flow Statement and Analysis. ->Reference :1,Chapter 21 & 22 ->Reference :1,Chapter 21 & 22 ->Reference :13,Ref. 13 ->Reference :1,Chapter 21 & 22

Week 7

Lecture 25

Lecture 26

Lecture 27 Lecture 28

Preparation of Cash Flow Statement and Analysis. Revision

MID-TERM Part 3
Week 8 Lecture 29 Basic Cost terms and concepts, Preparation of Cost ->Reference Sheet :1,Chapter 13

Approved for Autumn Session 2011-12

Week 8

Lecture 30

Preparation of Cost Sheet, Use of cost data in managerial decision-making.

->Reference :1,Chapter 13 ->Reference :17 ->Reference :18

Lecture 31

Cost Control Techniques- Budgeting and Budgetary ->Reference Control, Budgetary Process & Types of Budgets :1,Chapter 17 ->Reference :15,Ref. Financial Budgets: Prepration of Cash Budget Prepration of Fixed & Flexible Budget. ->Reference :1,Chapter 17 ->Reference :1,Chapter 17 ->Reference :23 ->Reference :3,Chapter 12 ->Reference :8,Ref. ->Reference :3,Chapter 16 ->Reference :24 ->Reference :3,Chapter 16 ->Reference :24

Lecture 32 Week 9 Lecture 33

Lecture 34

Zero Based Budgeting & Activity Based budgeting, Advantages & limitations of Budgeting & Budgetory Control Marginal costing- Meaning, determination of marginal cost, its value & limitations, Cost Volume Profit Analysis- Contribution, P/V Ratio Break even Point, Margin of safety, Break Even Analysis- Graphical presentation of CVP analysis, Uses & limitations of CVP analysis

Lecture 35

Lecture 36

Week 10

Lecture 37

Decision involving alternative choices: Incremental ->Reference Analysis- Evaluation of performance, profit planning. :3,Chapter 16

Part 4
Week 10 Lecture 38 Fixation of selling price, make or buy decision,optimizing product mix, decision to accept special order, cost control,problem of limiting factor Pricing Decisions- Inroduction, factors affecting pricing decisions & overveiw of different pricing methods. Standard costing- Meaning, Computing Standard Costs, advantages & limitations ->Reference :3,Chapter 16 ->Reference :3,Chapter 16 ->Reference :1,Chapter 19 ->Reference :19

Lecture 39

Lecture 40

Week 11

Lecture 41

Variance analysis- Meaning, Computing & analysing ->Reference Material Variances. :1,Chapter 19 ->Reference :19 Computing & analysing Labour Variances ->Reference :1,Chapter 19 ->Reference :19 ->Reference :1,Chapter 19 Approved for Autumn Session 2011-12

Lecture 42

Lecture 43 5

Computing & analysing Overhead & Sales Variances

Week 11 Week 12

Lecture 44 Lecture 45 Lecture 46

Responsibility accounting Contemporary Issues in Management AccountingLife cycle costing Quality and Kaizen costing

->Reference :3,Chapter 14 ->Reference :3,Chapter 21 ->Reference :3,Chapter 21 ->Reference :6,Ref. ->Reference :3,Chapter 21 ->Reference :21

Lecture 47

Throughput Costing & Backflush costing

Lecture 48

Revision

Spill Over
Week 13 Lecture 49 Lecture 50 Lecture 51 Lecture 52 Target costing Activity Based Costing Value Analysis Capacity Management ->Reference :3,Chapter 19 ->Reference :3,Chapter 19 ->Reference :3,Chapter 14 ->Reference :3,Chapter 20

Details of homework and case studies

Homework No. Objective Topic of the Homework Nature of homework (group/individuals/field work Evaluation Mode Allottment / submission Week 2/4

Homework 1

To develop analytical Skills

Each student will be allocated a company and will submit a report Individual on analysis of financial position of that company for the past three years by using comparative analysis, common size analysis and trend analysis. Group of4-5 students will take annual report of a companies and Group will do intra company and inter company analysis using ratios and Cash flow statement and will submit a report with suitable interpretation.

Report

Homework 2

To develop analytical skills

5 marks intra company analysis (individual) and 5 marks inter company analysis (Group)

5/7

Scheme for CA:out of 100*

6 Approved for Autumn Session 2011-12

Component Homework,Quiz

Frequency 2

Out Of 3 Total :-

Each Marks Total Marks 10 10 20 20

* In ENG courses wherever the total exceeds 100, consider x best out of y components of CA, as explained in teacher's guide available on the UMS

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)

Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 Tutorial 6 Tutorial 7

Discussion on recent trends in published annual reports Discusssion Discussion on Article Why Businesses fail (reference 11) Doubt Claring Session: Common size & Comparative Statement, Trend Analysis Doubt Claring Session: Ratio Analysis Doubt Claring Session: Fund flow Doubt Claring Session: Cash flow Discussion Problem solving Problem solving Problem solving Problem solving

Analysis of Published Financial Statement of any Listed Analysis of Financial Statement Company

After Mid-Term
Tutorial 8 Tutorial 9 Tutorial 10 Tutorial 11 Tutorial 12 Doubt Claring Session: Bugetary Control Doubt Claring Session: Marginal Costing Doubt Claring Session: Standard Costing Quiz (Syllabus covered till date) Revision of Whole Syllabus and Discussion on how to attempt ETE Problem solving Problem solving Problem solving Test Discussion

Approved for Autumn Session 2011-12