Accounting for Managers

                                                                         Syllabus

Module-1 Introduction to Accounting                                                                                             7 hours

Financial Accounting: Need and Types of Accounting, Single Entry System, Double Entry System, Concepts and Conventions of Accounting, Relation of Accounting with other Disciplines, Journal, Ledgers, Trial Balance.

Module -2 Financial Statements                                                                                                    10 hours

Preparation of Final Accounts of Companies in Vertical form as per Companies Act of 2013 (Basic Problems of Final Accounts), Window Dressing. Case Study Problem on Final Accounts of Company-Appropriation Accounts.

Module -3 Analysis of Financial Statements                                                                                 10 hours

Limitations of Financial Statements; Meaning and Purpose of Financial Statement Analysis, Trend Analysis, Comparative Analysis, Financial Ratio Analysis, Preparation of Financial Statements using Financial Ratios, Case Study on Financial Ratio Analysis. Preparation of Cash Flow Statement (indirect method). Lab Compulsory for Financial Statement Analysis using Excel.

Module -4 Management Accounting                                                                                               9 hours

Scope, Purpose of Management Accounting 

Cost Volume Profit Analysis: Meaning-Methods of Determination-Applications. Managerial Decision-Making-Make /Buy etc: Short-run Decision Analysis-Decision Situations: Sales-Volume Related, Sell or Further Process, Make or Buy, Operate or Shut-Down.

Module -5 Functional and Flexible Budgeting                                                                                7 hours

Functional Budgets, Flexible Budgets: Meaning-Measure of Volume-Cost Behaviour with Change in Volume-Fixed, Variable & Mixed Costs. Variance Analysis: Cost Variances – Revenue Variances-Variance Reporting-Disposition of Variances.

Module-6 Emerging Issues in Accounting and Computerised Accounting                                    7 hours

Emerging Issues in Accounting: Human Resource Accounting, Forensic Accounting, Sustainability Reporting, Applicability of Ind AS – Indian Accounting Standards.

Computerised Accounting Systems-Structuring Database for Accounting- Accounting system Using Database Management systems- Illustration of Accounting Database.