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Course Manual
Accounting for Managers
Facilitator: Dr Nidhi Srivastava
email id: nidhi.srivastav@iilm.ac.in
Course objective:
This module is to provide managers within the private, public and not for profit sectors with a general foundation
in the understanding of the accounting language, core principles and concepts that underpins the external and
internal reporting statements. The module will focus on the content, structure, analysis and interpretation of the
corporate financial statements and their limitations and the use of accounting and financial information for short
term and longterm management decisionmaking.
Learning outcome:
• Increase in confidence and understanding in financial matters
• Develop your skills in analysing and interpreting financial and accounting information,
particularly in the context of the organisation's strategy, its competitors and its industry
• encourage you to think logically and creatively about the strengths and weaknesses of
information available to decisionmakers.
• Increase your ability to communicate effectively with stakeholders
• Understand how and why value is created by businesses
Books and References:
Main Text:
Financial Statement Analysis - 9th .Edition – 2008, Wild, Subramanyam, & Halsey, Robert F. McGraw-
Hill (referred as FSA)
Additional Reading:
- Financial Accounting for Management – An Analytical Perspective 3/e, Ambrish Gupta by Pearson
Publications.
- Financial Accounting: For Business Managers, Bhattacharyya Asish K, Prentice Hall of India Pvt Ltd.
(referred to as AKB)
Assessment Criteria:
S Due Date
.
N Parameter Weight age
o
.
1 Midterm 20% After session 13
Would commence after
2 Industry based Group Project 20%
session 5
3 End Term 60% As per program schedule
A. MID TERM TEST: 20%
Test will be held as per given deadline. They would focus on student’s conceptual understanding and
application potential. Examination will contain closeended questions related to the textbook readings
and problems we discuss in class. This would be a onehour closebook examination.
B. Industry based Group Project: 20%
As per the groups formed by the institute each group will choose an industry to analyze, for
example, fast food, automobile or Telecommunication. Each person in the group will choose
his/her own firm in the industry and will email me the names of the Industry and companies for
my approval by session 5. Your group will present orally a 10 minute industry analysis using the
firms in your industry, followed by 5 minutes of Q &A scheduled after session 11. Each group
would communicate the date of their final presentations through email scheduled after session
20. Your task will be to gather, as a minimum, Annual Reports or financial statements from the
companies’ most recent audited filings. You may supplement these with additional data from
any public sources if they help you generate further insights. The analysis should cover the
relevant topics discussed up to the presentation date. You are to summarize the economics and
current conditions in the industry and each firm in your industry. Describe the strategies each of
the firm pursues, perform a profitability and risk analysis, a cash flow statement analysis, and
talk about any other relevant items.
(1) What business strategies are being pursued by each company?
(2) What are the key accounting policies and estimates for each company, given their industry and
business strategies?
(3) Do the financial statements reflect the underlying economic reality?
Each group after session 15 would make presentations and analysis of their respective industry. On the
day of presentation they will submit a written report of their findings, not to exceed six pages of single‐
spaced text (not including exhibits) and late submission will result in a zero for all the group members
involved. Students will be graded both on the quality of presentations made as well as the quality of
pertinent questions asked. I will ask each student to rank the other groups’ presentations on that day, and
the rankings will be taken into account when determining the grade achieved by each group.
C. ENDTERM EXAM: 60%
The examination will test your understanding of the textbook readings and problems. They will be
primarily short answer questions and some openended essay type questions related to the textbook
readings and problems we discuss in class. This would be a twohour closebook examination.
Accounting for Managers
Course at A glance
Total – 27 sessions
NB: All Readings must be made before the scheduled class.