MS – 103- ACCOUNTING FOR MANAGERS
[ Max. Marks: 85] [ Min. Marks: 34]
Course Objective – The basic objective of this course is to equip the students with the knowledge of accounting principles, conventions and concepts. It will make students aware of financial reporting system and techniques of financial analysis. The course is also intended to provide insight into the accounting concepts and techniques that may enable students in managerial decision-making and control.
UNIT – I
• Financial Accounting- Concept, Importance and scope, Generally Accepted Accounting Principles.
• Financial Statements- Preparation of Financial Statements with Special Reference to Analysis of Balance sheet.
• Depreciation- Concept and Methods (SLM and WDV)
• Management Accounting: Scope and Functions.
• Management Accounting and Financial Accounting.
• UNIT – II
• Financial Analysis of Financial Statement.
• Ratio analysis- Liquidity, Solvency, Turnover, and Profitability.
UNIT – III
• Introduction to Cost Accounting- Nature, Role, Scope Classification of Costs.
• Cost sheet
• Marginal Costing- Concept, Importance and Contribution in Decision Making,
Limitation of Marginal Costing.
• Cost Volume profit Analysis- Break Even Analysis, Margin of Safety, PV Ratio
Standard Costing – Meaning, Objective, Limitations.
Variances- Materials Cost and Labor Cost Variances only.
UNIT – IV
• Recent Developments: Understanding concept and importance of Inflation accounting and Human Resources Accounting
• Responsibility Accounting.
UNIT – V
• Budget, Budgeting and Budgetary Control.
• Preparation of budgets.
• Flexible vs. Fixed budget.
• Application of Computer in Accounting System-Tally Version 7.3. (Elementary Knowledge)
Internal Assessment: Total Marks 15
Attendance 5 Marks
Test 5 Marks
Seminars/Cases analysis/Presentations: 5 Marks
Guidelines for Case analysis / presentations: - Students should be given case studies as assignment and asked to present the same in the class for discussions, or seminars may be arranged on current issues related to the subject and marks be given on the basis of students’ performance. (Cases or Seminars can be given on individual basis or on group basis)
REFERENCE BOOKS
Management Accountig Robert Anthony
Management Accounting I.M.Pandey
Accounting for Management Control Horngren
Introduction to accountancy Grewal T.S.
Cost Accounting and Costing Methods Wheldon
Cost Accounting R.L. Gupta & V.K.Gupta,
Introduction to Accounting S.N. Maheshwari,
Cost Accounting, Theory and Problems S N Maheshwari,
Vikas Publications,
New Delhi: III Edition 2000
Financial Management Khan & Jain
Managerial Accounting Hingorani R. and Grewal
Cost Accounting Biggs
Marginal Costing Lawrence and Humphrey
Management Accounting D.C. Sharma and K.G.Gupta
Management Accounting S.P. Gupta
Double Entry Book Keeping T.S.Grewal
Cost Accounting Dr.P.K.Jain
Cost Accounting Khan & Jain
Management Accounting 3rd Ed. Khan & Jain
Theory & Problems in Management Khan & Jain
& Cost Accounting
[ Max. Marks: 85] [ Min. Marks: 34]
Course Objective – The basic objective of this course is to equip the students with the knowledge of accounting principles, conventions and concepts. It will make students aware of financial reporting system and techniques of financial analysis. The course is also intended to provide insight into the accounting concepts and techniques that may enable students in managerial decision-making and control.
UNIT – I
• Financial Accounting- Concept, Importance and scope, Generally Accepted Accounting Principles.
• Financial Statements- Preparation of Financial Statements with Special Reference to Analysis of Balance sheet.
• Depreciation- Concept and Methods (SLM and WDV)
• Management Accounting: Scope and Functions.
• Management Accounting and Financial Accounting.
• UNIT – II
• Financial Analysis of Financial Statement.
• Ratio analysis- Liquidity, Solvency, Turnover, and Profitability.
UNIT – III
• Introduction to Cost Accounting- Nature, Role, Scope Classification of Costs.
• Cost sheet
• Marginal Costing- Concept, Importance and Contribution in Decision Making,
Limitation of Marginal Costing.
• Cost Volume profit Analysis- Break Even Analysis, Margin of Safety, PV Ratio
Standard Costing – Meaning, Objective, Limitations.
Variances- Materials Cost and Labor Cost Variances only.
UNIT – IV
• Recent Developments: Understanding concept and importance of Inflation accounting and Human Resources Accounting
• Responsibility Accounting.
UNIT – V
• Budget, Budgeting and Budgetary Control.
• Preparation of budgets.
• Flexible vs. Fixed budget.
• Application of Computer in Accounting System-Tally Version 7.3. (Elementary Knowledge)
Internal Assessment: Total Marks 15
Attendance 5 Marks
Test 5 Marks
Seminars/Cases analysis/Presentations: 5 Marks
Guidelines for Case analysis / presentations: - Students should be given case studies as assignment and asked to present the same in the class for discussions, or seminars may be arranged on current issues related to the subject and marks be given on the basis of students’ performance. (Cases or Seminars can be given on individual basis or on group basis)
REFERENCE BOOKS
Management Accountig Robert Anthony
Management Accounting I.M.Pandey
Accounting for Management Control Horngren
Introduction to accountancy Grewal T.S.
Cost Accounting and Costing Methods Wheldon
Cost Accounting R.L. Gupta & V.K.Gupta,
Introduction to Accounting S.N. Maheshwari,
Cost Accounting, Theory and Problems S N Maheshwari,
Vikas Publications,
New Delhi: III Edition 2000
Financial Management Khan & Jain
Managerial Accounting Hingorani R. and Grewal
Cost Accounting Biggs
Marginal Costing Lawrence and Humphrey
Management Accounting D.C. Sharma and K.G.Gupta
Management Accounting S.P. Gupta
Double Entry Book Keeping T.S.Grewal
Cost Accounting Dr.P.K.Jain
Cost Accounting Khan & Jain
Management Accounting 3rd Ed. Khan & Jain
Theory & Problems in Management Khan & Jain
& Cost Accounting
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