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Lesson planFinancial accounting

MBA 2012-14Instructor-Dr. Archana Singh

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Course Objective

To develop an understanding of theimportance, language and techniques ofFinancial, Cost and ManagementAccounting.

Books- Banerjee, A. 2000, Financial accounting,Excel

books

Maheshwari, S.N. & Maheshwari, S.K.Financial

Accounting, Vikas Publishing House, 9th edition

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References: Tulsian , P.C. Financial accounting, Tata McGrawhillWilliamson, D, 1999, Cost and Management

Accounting, Prentice hall of India.Ghosh, TP, An Introduction to Management

Accounting, Excel Books. Horngren, Foster, and Datar. Cost Accounting: A

Managerial Emphasis, 13th Edition. Prentice-Hall,

2003

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Module I:Financial Accounting: Introduction

No of sessions/hours 16.

August Schedule:

1st week: Introduction, understanding theaccounting terms and concepts.

2nd week: Financial statements and their nature,BRS (Tutorial 1 & 2 to be submitted)

3rd week: Accounting standards with specialreference to AS 2,6,9,10,20 and 6 ( Quiz 1 )

3rd & 4th week: Preparation of financialstatements.

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Module II: Understanding and analysingCompany accounts

No of sessions/hours 20. September Schedule: 1st week(contd..): Understanding Forms and

contents of Financial Statements with reference to

companies. Intro. to Financial Ratios as Tools ofAnalysing Financial Statements.(Tutorial 3 & 4 tobe submitted)

2nd week : MID TERM Exam

3rd week : : Ratio analysis : Case study to bedone in class.

4th week: Presentation on Ratio analysis

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Module III: Cost accounting and

Management accounting

No of sessions/hours 16.

October Schedule:

10th week: Understanding Cash flow and

Funds Flow. (Tutorial 5 ) 11th week: Cash flow and Funds Flow analysis:

Case study . ( Quiz 3 )

12th week : Cost accounting : Elements of

cost, cost classification and preparation of costsheet

13th week : Management accounting: marginalcosting and CVP analysis(Tutorial 6 ) + ( Quiz 4

)

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Module III: Contd.

November 2 weeks:

No of sessions/hours 8.

1stweek: Variance Analysis

2nd week: Case Discussion

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Internal assessment(30 marks)

Project/ Presentation: 5 marks

Tutorials:5 marks

Cases/ quizzes: 5 marks

Attendance/ Class Participation: 5

marks

Mid Term Test: 15 marks

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Project (5 marks)

(Final Submission/ Presentation- September 2012)

Form a group (5 persons) Roll no. wise.Obtain the latest ANNUAL REPORT of acompany and do the following:

Give a general introduction of the

company and the sector. Perform ageneral SWOT analysis. Analyse and comment on operating Vs.

Non operating income. Comment on the composition of Assets,

i.e. the relative size of fixed assets andcurrent assets?

What is its depreciation policy?

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Contd..

Calculate important financial ratios andprepare an analytical report to comment onthe financial health of the companythrough:

A trend analysis (3-5 years) of variousRatios.

An inter-firm analysis (trend in ratio of onecompany to be compared with the trend in

ratio of its competitor from the sameindustry),

Cash Flow analysis as per (AS-3).

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Contd.

In your report you are also required toevaluate the overall performance of

the company and compare it to other

companies in the same industry. Inaddition, report on any other news

concerning the company found in the

Journal or other sources, including theInternet.

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Other Project: to be submitted at

the end of each month For the other written projects, each group is

required to critique three accounting related

articles( target every month one article and submit

in writing at the end of the month) from the ICAI

Journal (for last 12 months). The main purpose of this project is to familiarize

MBA students, most of whom do not have

undergraduate degrees in accounting, with crucial

issues that face accountants in the business world.

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No deviation from the deadline will be tolerated.

Presentation will be in groups. Any group can be asked topresent on any day assigned for the presentation.

Individual questions may be asked from any member of

the group.

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Mandatory Condition

75% attendance is compulsory to completeinternal evaluation.