BA5103

Accounting for Management

HBS > Professional Core > Accounting for Management
Course ID
BA5103
Level
Post Graduation
Semester
Semester I

OBJECTIVES:
• Acquire a reasonable knowledge in accounts
• Analysis and evaluate financial statements

UNIT I FINANCIAL ACCOUNTING
Introduction to Financial, Cost and Management Accounting- Generally accepted accounting principles, Conventions and Concepts-Balance sheet and related concepts- Profit and Loss account and related concepts – Introduction to inflation accounting- Introduction to human resources accounting.

UNIT II COMPANY ACCOUNTS
Meaning of Company -Maintenance of Books of Account-Statutory Books- Profit or Loss Prior to incorporation- Final Accounts of Company- Alteration of share capital- Preferential allotment, Employees stock option- Buyback of securities.

UNIT III ANALYSIS OF FINANCIAL STATEMENTS
Analysis of financial statements – Financial ratio analysis, cash flow (as per Accounting Standard 3) and funds flow statement analysis.

UNIT IV COST ACCOUNTING
Cost Accounts – Classification of manufacturing costs – Accounting for manufacturing costs. Cost Accounting Systems: Job order costing – Process costing- Activity Based Costing- Costing and the value chain- Target costing- Marginal costing including decision making- Budgetary Control & Variance Analysis – Standard cost system.

UNIT V ACCOUNTING IN COMPUTERISED ENVIRONMENT
Significance of Computerised Accounting System- Codification and Grouping of AccountsMaintaining the hierarchy of ledgers- Prepackaged Accounting software.

TOTAL: 45+15 = 60 PERIODS

OUTCOME
• Possess a managerial outlook at accounts.

REFERENCES:

  1. M.Y.Khan & P.K.Jain, Management Accounting, Tata McGraw Hill, 2011.
  2. R.Narayanaswamy, Financial Accounting – A managerial perspective, PHI Learning, New Delhi, 2011.
  3. Jan Williams, Financial and Managerial Accounting – The basis for business Decisions, 15thedition, Tata McGraw Hill Publishers, 2010.
  4. Horngren, Surdem, Stratton, Burgstahler, Schatzberg, Introduction to Management Accounting, PHI Learning, 2011.
  5. Stice & Stice, Financial Accounting Reporting and Analysis, 8th edition, Cengage, 2010.
  6. Singhvi Bodhanwala, Management Accounting -Text and cases, PHI Learning, 2009.
  7. Ashish K. Battacharya, Introduction to Financial Statement Analysis, Elsevier, 2009.
  8. Sawyers, Jackson, Jenkins, Arora, Managerial Accounting, 2nd edition, Cengage, 2011
  9. Godwin, Alderman, Sanyal , Financial Accounting, 2nd edition, Cengage, 2011
  10. Narashiman.M.S, Financial statement analysis, Cengage, 2016.