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Course Handout for 1STYear …MBA…. PROGRAM
Course Title : Accounting for Managers
Course Code : MB104
L-T-P-S Structure : 4-0-0
Credits :4
Pre-requisite :-
: Ms. Santana Guha
Course Coordinator
Team of Instructors : NA
Teaching Associates (For
: NA
LAB only)
Course Objective: To enable students to understand the accounting concepts and
convention for passing appropriate entries and to develop the necessary skills to analyse the
financial statement for business decision making and control.
COURSE OUTCOMES (COs):
Blooms Target
Course Outcome
CO No Taxonomy %
(CO)
Level (BTL)
Comprehend the importance of different accounting 60%
CO1 2
concepts and conventions.
Understand appropriate entries for recording 60%
CO2 3
transaction in the books of accounts.
Demonstrate mastery of costing systems & cost
CO3 3
60%
management systems
Analyse the financial performance and position of a
CO4 4
60%
business
CO5
Evaluate the financial statement for decision making. 5
60%
PROGRAM OUTCOMES (POS):
PO Number Description
Apply knowledge of management theories and practices to solve business
[Link] Knowledge
problems
2. Problem Analysis Foster analytical and critical thinking abilities for data-based decision making
3. Design/ development Ability to develop value-based leadership ability
of solutions
1
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PO Number Description
4. Conduct investigations Ability to understand analyse and communicate global economic, legal and ethical
of complex problems , aspects of business
communication & Ethics
5. Individual and team Ability to lead themselves and others in the achievement of organisational
work goals, contributing effectively to a team environment
PROGRAM SPECIFIC OUTCOMES (PSOS):
Identify the key issues facing a business or business sub-divisions and utilize
1. Tools and techniques
qualitative and quantitative methods to explore and solve critical business problems
2. Project management Incorporate diversity and multi-cultural perspectives while making business
and .Lifelong learning decisions is an entrepreneur or intrapreneur.
Mapping of Course Outcomes and Program Outcomes:
Course Outcomes POs PSOs
1 2 3 4 5 1 2
CO1
2 1 - - - - 2
CO2 1 1 - - - - 1
CO3 1 1 - - - - 1
CO4 2 2 - - - - 2
CO5 1 2 - - - - 1
[Link] 7/15 7/15 - - - - 7/15
1 = courses in which the student will be exposed to a topic
2 = courses in which students will gain competency in that area
3 = courses in which students will master that skill
SYLLABUS:
Module 1
1. Basic Financial Accounting Concept: Meaning and Scope of Accounting -Definition
of accounting-classification of accounting- GAAP- Accounting Concepts and
Conventions –Accounting Equation. [ 2L]
2. Preparation Of Books Of Accounts: Event-Transaction- Accounting Cycle – Golden
Rule- Journal-Ledger-Trial Balance-Final Account. [6L]
3. Basic Cost Accounting Concept- Cost Concept-Cost Unit- Technique of Costing
Method of Costing- Cost center- Cost Unit- Cost Sheet preparation and
2
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Interpretation.[4L]
4. Introduction to Accounting Standard: Introduction to Indian GAAP and IndAS
Introduction to IFRS and IAS- Comparative Analysis of Indian GAAP and IndAS. [2L ]
5. Preparation Of Financial Statement: Trading Account-Profit & Loss Account -
Balance
Sheet (As per Schedule VI, old & new) with Adjustment Entries -Preparation and
Interpretation of Annual Report -Corporate Social Responsibility –Human Resource
Accounting-Value Added Statement. [6L]
MODULE 2:
1. Financial Statement Analysis: - Ratio Analysis-Fund Flow Statement - Cash Flow
Statement. [8L]
2. Background - Nature of Management Accounting [2L]
3. Cost Accumulation – Preparation of cost sheets, Fundamentals of Activity Based
Costing System. [ 6L]
4. Profit Planning and Decision Making - Cost -Volume-Profit Analysis.[ 4L]
TEXT BOOKS:1. SN Maheshwari , SK Maheshwari-Financial Accounting,Vikas Publishing
House Pvt. Ltd.
2. P C Tulsian-Costing A Self- Study Text Book,Vikas Publishing House Pvt. Ltd.
3. R.K. Sharma and Shashi [Link] -Management Accounting Principles and Practice,
Kalyani Publishers
[Link] & Grewal’s- Financial Accounting, [Link]
[Link] Accounting [Link] Pasha, Allah Bakash.S – Cost Accounting Vrinda
Publicatios(P) Ltd
REFERENCE BOOKS:
1. M. Hanif & A. Mukherjee : Financial Accounting. McGraw Hill
2. S. K. Paul: Financial Accounting, New Central book Agency
3. S. P. Jain & K. L. Narang: Cost and Management Accounting. Kalyani Publication
4. P. M. Rao: Financial Statement Analysis and Reporting. PHI
5. T. P. Ghosh, N. Ankarnath, K. J. Mehta & Y. A. Alkafazi: Understanding IFRS
Fundamentals, Wiley
6. Tulsian&Tulsian: Corporate Financial Reporting, S. Chand
COURSE DELIVERY PLAN:
W Se C Topic (s) Book No [CH Teaching- Planned Execution
Date
ee ss O No][Page No] Learning Date
k . Methods
N
o.
1 1 2 Meaning and Scope of Accounting – 1[1]1.3-1.15 PPT 11.08.25
Definitionof accounting- L: Observes
classification of accounting- GAAP understand
1 2 2 Accounting Concepts and 1[2]1.16-1.34 PPT 13.08.25
Conventions –Accounting Equation L: Observes
understand
3
`
1 3 2 1[3]1.35-1.52 PPT 14.08.25
Event-Transaction- Accounting
L: Observes
Cycle – GoldenRule understand
2 4 1 1[3]1.35-1.52 T: Chalk & 22.08.25
Journal entries Talk
L: Observes
understands
2 5 2 1[4]1.53-1.70 T: Chalk & 25.08.25
Talk
Ledger entries
L: Observes
understands
2 6 2 1[4]1.53-1.70 PPT 27.08.25
Trial Balance L: Observes
understand
2 7 2 Final Account. 1[10]1.174- PPT 28.08.25
1.248 L: Observes
understand
3 8 2 1[10]1.174- T: Chalk & 29.08.25
1.248 Talk
Final Account
L: Observes
understands
3 9 2 Basic Cost Accounting Concept- 2[1]1.1-1.51 T: Lecturing 1.09.25
Cost Concept-Cost Unit L: Observes
understands
3 1 2 2[1]1.1-1.51 T: 03.09.25
0 demonstration,
Cost Sheet preparation
L: Practice by
doing
3 1 2 2[1]1.1-1.51 T: 04.09.25
1 demonstration,
Cost Sheet preparation
L: Practice by
doing
4 1 2 2[1]1.1-1.51 T: 05.09.25
2 demonstration,
Cost Sheet preparation and
L: Practice by
Interpretation
doing
4 1 2 4[1 & 2]1.1-2.16 T: Lecturing 08.09.25
Introduction to Indian GAAP and
3 L: Observes
IndAS understands
4 1 2 Introduction to IFRS and IAS- 4[1 & 2]1.1-2.16 10.09.25
Flipped
4 Comparative Analysis of Indian
classroom
GAAP and IndAS.
4 1 2 Preparation Of Financial Statement: 4[8]8.1-8.58 T: Chalk & 11.09.25
5 Trading Account-Profit & Loss Talk
Account L: Observes
understands
5 1 4 4[8]8.1-8.58 T: Chalk & 12.09.25
6 BalanceSheet (As per Schedule VI, Talk
old & new) with Adjustment Entries L: Observes
understands
5 1 4 Preparation and 4[8]8.1-8.58 T: 15.09.25
7 Interpretation of Annual Report - demonstration,
L: Practice by
4
`
doing
5 1 4 4[8]8.1-8.58 T: 16.09.25
Preparation and
8 demonstration,
Interpretation of Annual Report -
L: Practice by
doing
5 1 4 Corporate Social Responsibility – 3[35]35.1-35.10 17.09.25
9 Flipped
Human Resource Accounting classroom
6 2 2 3[35]35.1-35.10 T: Chalk & 18.09.25
0 Talk
Value Added Statement.
L: Observes
understands
6 2 2 3[4]4.1-4.146 T: Chalk & 19.09.25
1 Talk
Ratio Analysis- -
L: Observes
understands
6 2 2 3[4]4.1-4.146 T: Chalk & 22.09.25
2 Talk
Ratio Analysis
L: Observes
understands
6 2 3 3[4]4.1-4.146 T: Chalk & 08.10.25
3 Talk
Ratio Analysis
L: Observes
understands
7 2 2 3[5]5.1-5.116 T: Chalk & 09.10.25
4 Talk
Fund Flow Statement
L: Observes
understands
7 2 2 3[5]5.1-5.116 T: Chalk & 10.10.25
5 Talk
Fund Flow Statement
L: Observes
understands
7 2 2 Cash Flow 3[5]6.1-6.46 T: Chalk & 13.10.25
6 Statement. Talk
L: Observes
understands
7 2 2 3[5]6.1-6.46 T: Chalk & 15.10.25
Cash Flow
7 Talk
Statement.
L: Observes
understands
8 2 4 3[5]6.1-6.46 T: Chalk & 16.10.25
Cash Flow
8 Talk
Statement.
L: Observes
understands
8 2 2 3[1]1.1-1.30 PPT 17.10.25
9 Nature of Management Accounting L: Observes
understand
8 3 2 3[1]1.1-1.30 T: Lecturing 24.10.25
0 Nature of Management Accounting L: Observes
understands
8 3 1 2[1]1.1-1.51 T: Chalk & 28.10.25
Preparation of cost sheets,
1 Talk
L: Observes
understands
9 3 2 Preparation of cost sheets, 2[1]1.1-1.51 T: Chalk & 29.10.25
5
`
2 Talk
L: Observes
understands
9 3 4 2[1]1.1-1.51 demonstration, 30.10.25
3 Preparation of cost sheets, L: Practice by
doing
9 3 5 5[14]558-564 T: Chalk & 31.10.25
4 Fundamentals of Activity Based Talk
Costing System L: Observes
understands
9 3 2 5[14]558-564 T: Chalk & 03.11.25
Fundamentals of Activity Based
5 Talk
Costing System L: Observes
understands
10 3 5 Fundamentals of Activity Based T: Chalk & 04.11.25
6 Costing System 5[14]558-564 Talk
L: Observes
understands
10 3 5 Profit Planning and Decision Making 2[9]9.1-9.55 Flipped 06.11.25
7 - Cost -Volume-Profit Analysis classroom
10 3 5 Cost -Volume-Profit Analysis 2[9]9.1-9.55 T: Chalk & 07.11.25
8 Talk
L: Observes
understands
10 3 4 Cost -Volume-Profit Analysis 2[9]9.1-9.55 10.11.25
9 T: Chalk &
Talk
L: Observes
understands
11 4 4 Cost -Volume-Profit Analysis 2[9]9.1-9.55 T: Chalk & 12.11.25
0 Talk
L: Observes
understands
LIST OF TUTORIALS:OPTIONAL
Tutorial CO-
Topics
session no Mapping
NA
WEEKLY HOMEWORK ASSIGNMENTS/ PROBLEM SETS/OPEN ENDEDED PROBLEM-
SOLVING EXERCISES etc.
Week Assignment/Qui Topic Details CO
z
2 A01 Trial Balance ‘A Trial Balance is merely a proof CO3
of arithmetical accuracy’
Explain this statement and bring
out clearly the various classes of
errors which a Trail balance fails to
disclose.
4 A02 IFRS. and AS What is meant by IFRS. Discuss CO2
need and procedure of convergence
of AS with IFRS?
6 A03 Ratio Analysis The following information of a CO3
Company is given –
6
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Current Ratio 2.5:1, Acid test
Ratio 1.5:1, Current Liabilities
Rs.50000. Find out
a. Current Assets b. Liquid
Assets, c. Inventory.
9 A04 Cost -Volume-Profit XYZ Co. Ltd. Produced and sold CO1
Analysis 1000toys last year at a price of
Rs.500each. The Cost structure per
toy is as follows:
Materials Rs.100, Labour Rs.50,
Variable overheads Rs.25, Fixed
Overheads Rs.200
Due to heavy competition, the
price has to be reduced to Rs.425
for the coming year. Assuming that
there will be no change in costs,
find out how many toys shall be
sold to ensure the same amount of
total profit as last year.
COURSE TIME TABLE
Monday : 2.10 a.m. to 3.00 p.m.
Wednesday : 11.40 am to 12.30 pm
Thursday: 12.30 pm to 1.20 pm
Friday: 10.50 a.m. to 11.40 a.m
REMEDIAL CLASSES:
Supplement course handout, which may perhaps include special lectures and discussions that would be
planned, and schedule notified accordingly.
[Link]
[Link]
[Link]
DELIVERY DETAILS OF CONTENT BEYOND SYLLABUS:
Content beyond syllabus covered (if any) should be delivered to all students that would be planned, and
schedule notified accordingly.
WEEKLY HOMEWORK ASSIGNMENTS/ PROBLEM SETS/OPEN ENDEDED PROBLEM-SOLVING
EXERCISES etc.
Week Assignment/Quiz Topic Details CO
1. Explain the various accounting concepts. CO1
2. What is the accrual basis of accounting?
2 Accounting 3. What is the accounting equation?
A01 Concept 4. What is the difference between transaction and event?
and
Convention
1. Prepare a trial balance of a company from its CO2
business transaction.
Preparation
4 A02 of Books of 2. Prepare a Trial Balance with the following
Account
information:
Sr. Name of Balance Sr. Name of Balance
No Account (Rs.) No Account (Rs.)
(i) Capital 2,00,000 (ii) Stock 70,000
(iii) Cash 1,80,000 (iv) Debtors 3,00,000
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(v) Creditors 1,00,000 (vi) Bank 1,50,000
(vii) Sales 3,00,000 (viii) Loan 2,00,000
Purchases
6 A03 Costing 1. In May, material requisitions were? 44,000 (Rs CO3
39,000 of these were direct materials), and raw
material purchases were R 57,700. The end of month
balance in raw materials inventory a/c was Rs 24,300.
What was the beginning raw materials inventory ac
balance?
a) Rs 10,600 b) Rs 43,000 c) Rs 72,400 d) Rs 25,300.
2. Which cost accumulation procedure is most
applicable in continuous mass-production
manufacturing environments? a) Standard b) Actual c)
Process c) Job order
8 A04 Ratio [Link] Debtors turnover ratio if, closing CO4
Analysis debtors is Rs 40,000, Cash sales is 25% of credit sales
and excess of closing debtors over opening debtors is
Rs 20,000.
a. 4 times
b. 2 times
c. 6 times
d. 8 times
2. If sales is Rs 10,00,000, sales returns is Rs 50,000,
Profit Before Tax is Rs 2,00,000, Income tax is 40%,
Net profit ratio is
a. 12.63%
b. 20%
c. 10%
d. 50%
10 A05 Financial CO5
Make a financial statement analysis of a public ltd.
Statement
analysis
company.
EVALUATION: AS PER MAKAUT GUIDELINES
Schedule for Continuous Assessment (CA):
CA Assessment By Schedule
CA-I Presentation, Quiz, Group
Discussion
CA-II Report writing
As per Academic
CA-III Class test in pen and paper
Calendar
mode to be conducted at the
College Level
CA-IV Centralized online test to be
8
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arranged by theUniversity
PCA1 Rubrics based Evaluation
and Viva -Voce
PCA2 Rubrics based Evaluation
and Viva -Voce
ATTENDANCE POLICY
Every student is expected to be responsible for regularity of his/her attendance in class rooms and laboratories,
to appear in scheduled tests and examinations and fulfil all other tasks assigned to him/her in every course. For
Promotion, a Minimum of 50% of internal marks must be obtained. In every course, student has to maintain a
minimum of 75% attendance to be eligible for appearing in Semester end examination of the course, for cases of
medical issues and other unavoidable circumstances the students will be condoned if their attendance is between
60% to 75% in every course, subjected to submission of medical certificates, medical case file and other needful
documental proof to the concerned departments.
DETENTION POLICY
In any course, a student has to maintain a minimum of75% attendance and must secure a minimum of 50%
marks in In-Semester Examinations to be eligible for appearing to the Semester End Examination, failing to
fulfill these conditions will deem such student to have been detained in that course.
PLAGIARISM POLICY
Use of unfair means in any of the evaluation components will be dealt with strictly, and the case will be reported
to the examination committee.
COURSE TEAM MEMBERS, CHAMBER CONSULTATION HOURS AND CHAMBER
VENUE DETAILS:
Each instructor will specify his / her chamber consultation hours during which the student can contact him / her in
his / her chamber for consultation.
Chamber
Chamber Chamber
Consultation Signature of
[Link]. Name of Faculty Consultatio Consultation
Timings for each Course faculty
n Day (s) Room No:
day
1 Santana Guha Wednesday 3.50 p.m.-5.30 p.m. R -206
GENERAL INSTRUCTIONS
Students should come prepared for classes and carry the text book(s) or material(s) as prescribed by the Course
Faculty to the class.
NOTICES
All notices will be communicated through the institution email.
All notices concerning the course will be displayed on the respective Notice Boards.
Signature of COURSE COORDINATOR:
HEAD OF DEPARTMENT:
Approval from: Head of the Institutions
(Sign with Office Seal)