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Post Graduate Diploma in Business Management (Batch: 2011 13) Course Instructors : Prof. A.K.Malhotra & Dr.

Anshul Verma [Type your address] [Type your phone number] [Type your e-mail address]

FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING FOR MANAGERS

Course Outline
FINANCIAL ACCOUNTING
Batch 2011-13 Trimester - I
Course Instructors: Prof. A. K. Malhotra & Dr. Anshul Verma
Contact: Extension No. : 323 , 358 Mobile no.: 9810141348, 9999885719 Email: ashok.malhotra@bimtech.ac.in, anshul.verma@bimtech.ac.in, Course Objectives: The course provides necessary exposure to the students on the basics of financial accounting. It is to inculcate a broad level of understanding of accounting principles & policies, accounting numbers and their interpretation among the PGP students. The objective of the course is also to acquaint the students with the various financial accounting standards, transactions, adjustments, and financial reporting with emphasis on sound concepts and their managerial implications. Pedagogical Methods: The course is based on classes, cases, and project work. Active participation by students is an important feature of the course. A variety of quizzes, take home assignments, tests, and case studies are the main pedagogical instruments. Primary Teaching Book & Reading Material: Financial Accounting for Management An Analytical Perspective 3e by Ambrish Gupta, Pearson Education India. Other Suggested Readings: 1. Financial Accounting for Business Managers by Asish K Bhattacharya 2. Financial Accounting for Management by Ramachandran & Kakani,2nd Edition, McGraw Hill Publications (Higher Education). 3. Financial Accounting: A Managerial Perspective by R. Narayanswamy 4. Introduction to Accounting by Marriot 5. Introduction to Financial Accounting by Horngren, Syndem & Elliott 6. Financial Accounting by Harrison & Horngren 7. Modern Accountancy by Hanif & Mukherjee 8. Accounting Analysis (all Volumes) by GDSIL, CRISIL

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9. Financial Statement Analysis by George Foster 10.Guide books for students on Financial Accounting published by ICAI, ICFAI, etc. 11.Financial Accounting by Stiles & Stiles Any other good (introductory) book on Financial Accounting The students will be expected to go through 1. Chartered Financial Analyst 2. ICFAI Reader 3. Economic Times 4. The Accounting World 5. The Management Review 6. The Management Accountant 7. The Chartered Accountant Study Material Students will be given a text book as part of the course material. It may be noted that the text book material should not be considered as exhaustive under any circumstances. Cases and additional notes would also be distributed in the class from time to time (these will be usually taken from one of the references provided above). Should the students feel that they need more reading material (or detailed notes) for a particular topic they can get in touch with me. Students are also supposed to to check my folder on NAT, for additional materials, on regular basis. Other Course Policies: Students are expected to have their own calculators during the class/examinations. Exams: The end-term exam will be comprehensive meaning you will be responsible for all the material covered in the course. Class Participation : I will sometimes randomly call on people/groups to present their case/assignment solutions and at other times I will allow people to volunteer to present their worked out solutions. Class participation marks will also be based on participation in class discussion, attendance, and being on time. System of Evaluation Method of Evaluation Marks Class Participation & Case Submissions Online Quizzes End-term Examination

20 20 60

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Indicative Session Plan: S. No. 1 2 3 4 5 6 Topic Detailed review of financial statements Accounting Information System GAAP & Accounting Equations Cash accounting & accrual accounting systems Demystifying Income Statement Demystifying Balance Sheet Quiz - I 7 8 9 Understanding Cash Flow Statement Statement of Changes in Working Capital Indian Accounting Standards (Depreciation, Inventory, valuations, Financial Instruments, etc.) Quiz - II 10 11 12 Financial Ratio Analysis and their interpretations Inflation Accounting Emerging issues- IFRS overview, Creative accounting, Major accounting frauds, Ethics in Financial Reporting Quiz - III 13 - 16 17 - 18 19 - 20 9 10 11- 12 1 to 8 Sessions

Note: Each Session is of 90 minutes duration. Additional practice sessions would be arranged on request.

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