Accounting for Managers

Paper Code: 
MTM 125
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 
  1. Give an insight of postulates, principles and techniques of accounting to the students
  2. Equip students with basic managerial functions related to accounting.

 

Course Outcomes:

Course

Course outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

MTM 125

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

 

Approach in teaching:

Interactive Hours, Group Discussion, Tutorials, Case Study

 

Learning activities for the students:

Self-learning assignments, presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

 

12.00
Unit I: 

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

12.00
Unit II: 

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

12.00
Unit III: 

Final Accounts
Profit & Loss Account and Balance Sheet-Content and preparation with adjustments.

12.00
Unit IV: 

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.

12.00
Unit V: 

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.

References: 

• 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

Academic Year: 
2023-2024
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