Coming soon
ACCOUNTING FOR MANAGERS
CO 25. Differentiate basic Accounting concepts and principles.
CO 26. Construct journal entries, Trial Balance and Final Accounts of a Company.
CO 27. Analyze using various tools and techniques of financial analysis used for decision making.
CO 28. Examine different types of cost and prepare a Cost Sheet
CO 29. Evaluate different alternatives using techniques of CVP analysis for sound decision making.
CO 30. Examine various contemporary issues/concepts in
Accounting
Introduction
Accounting-Meaning and definition, Nature, Need, objectives, Importance, Limitations, Common Accounting terms, Users of accounting information, Branches of accounting-Financial Accounting, Cost Accounting and Management Accounting-Nature, Differences and limitations, Generally accepted accounting principles (GAAP)-Accounting Concepts, Conventions and Standards (IFRS and Ind AS)
Recent developments in Accounting: Human Resource Accounting, Inflation Accounting, Responsibility Accounting-Concept
Basics of Financial Accounting
Accounting equation, Systems of Book Keeping, Types of accounts and their Rules, Basics of Journal and ledger Trial Balance-meaning, preparation, errors
Final Accounts
Profit & Loss Account and Balance Sheet-Content and preparation with adjustments
Financial Analysis
Meaning, objectives and types of financial analysis, Tools or techniques of financial analysis-Ratio analysis (meaning, objectives, limitations, classification, preparation of financial statements from ratios), Comparative and common size financial statements, Fund Flow analysis and Cash Flow Analysis-Meaning, difference and Content
Cost concepts-Meaning, Objectives, Importance, Methods, Techniques and systems of costing; Basic Cost Concepts-Elements of cost, classification of costs; Cost sheet
Cost-Volume-Profit Analysis-Meaning, Assumptions, Significance, Break even analysis, Contribution and Marginal cost equation, Profit-Volume ratio, Margin of safety, key factor; Effect of change in the profit factors
Essential Readings:
- Madhu Vij, Management Accounting, MacMillan
- Maheshwari, Maheshwari, A text book of Accounting for Management, Sultan Chand & Sons.
Suggested Readings:
- M. Y Khan, P.K. Jain, Management Accounting: Text problem and Cases. Tata McGraw Hill.
- Horngren, Management Accounting, Pearson Education.
- Anthony Robert, Management Accounting Principles, R D. Irwin.
- IM Pandey, Management accounting, Vikas Publishing House.
- M.N. Arora, Cost Accounting Principles & Practices, Eight edition, Vikas Publishing house.
- Agarwal M R, Management Accounting-I, Garima Publications
E-Resources:
- Financial Accounting for Management, 6eGupta, Elibrary.in.pearson.com
- Financial Accounting for Managers, 3e Dhamija, Elibrary.in.pearson.com
- Managerial Accounting, 3e Braun Elibrary.in.pearson.com
- Introduction to Management Accounting, 16e Horngren / Sundem / Stratton / Schatzberg / Burgstahler, Elibrary.in.pearson.com
Journals:
- IUP Journal of Accounting Research
- The Chartered Accountan
