ACCOUNTING FOR MANAGERS BNU MBA First Sem

Syllabus

Course Code: MBA1.2

Accounting for Managers

Module 1: Introduction to Accounting Framework 10 Hours

Introduction, Meaning and Definition, Understanding forms of Business Organisations, Basic Framework of Accounting, Objectives and Purpose of Accounting Information, Users of Accounting Information, Framework of IFRS, Ind AS – IFRS v/s Ind AS Carve In and Carve Out.

Module 2: Understanding of Financial Statements 10 Hours

Importance of Financial Statements in an Organisation. What do Numbers Really Mean in Financial Statement? Terms and Jargons used in Financial Statements. Detailed Discussions on Contents of Statement of Financial Position and Statement of Comprehensive Income and Cash Flow Statements. Interlinking Different Financial Statements. Financial Statement Analysis and Decision Making.

Module 3: Analyzing and Interpreting Financial Statements. 18 Hours

Objectives of Financial Statements Analysis, Standards of Comparison, Techniques of Financial Statement Analysis - Trend Analysis, Common Size Statement Analysis, Ratio Analysis Including Profitability, Liquidity, Activity, Gearing and Investment Ratios, Du-Pont Analysis, Cash Flow Statement (No Preparation, Only Understanding) - Understanding the Major Components of Cash Flows – Operating, Investing and Financing Activities, Altman’s Z Score Model, Understanding Annual Reports and Notes to Financial Statements.

Module 4: Orientation to Cost Accounting 12 Hours

Meaning of Costs, Cost Classification - Based on Elements, Functions and Behaviour. Cost Management – Techniques for Controlling and Reducing Cost – Marginal Costing, Cost Volume-Profit Analysis, Various Types of Budget and Budgetary Control.

Module 5: Latest Trends & Practices. 06 Hours

Introduction to Financial Software for Analysis: Excel and Prowess. Human Resource Accounting, Inflation Accounting, Forensic Accounting and Sustainability Reporting. (Theory Only)