Lesson plan Financial accounting

MBA 2012-14 Instructor-Dr. Archana Singh

Course Objective

To develop an understanding of the importance, language and techniques of Financial, Cost and Management Accounting.

Books Banerjee, A. 2000, Financial accounting,Excel books Maheshwari, S.N. & Maheshwari, S.K. Financial Accounting, Vikas Publishing House, 9th edition

References:
Tulsian

, P.C. Financial accounting, Tata McGrawhill Williamson, D, 1999, Cost and Management Accounting, Prentice hall of India. Ghosh, TP, An Introduction to Management Accounting, Excel Books. Horngren, Foster, and Datar. Cost Accounting: A Managerial Emphasis, 13th Edition. Prentice-Hall, 2003

Module I:Financial Accounting: Introduction

No

of sessions/hours 16. August Schedule:

1st week: Introduction, understanding the accounting terms and concepts. 2nd week: Financial statements and their nature, BRS (Tutorial 1 & 2 to be submitted) 3rd week: Accounting standards with special reference to AS 2,6,9,10,20 and 6 ( Quiz 1 ) 3rd & 4th week : Preparation of financial statements.

Module II: Understanding and analysing

Company accounts
No of sessions/hours 20. September Schedule:

1st week(contd..): Understanding Forms and contents of Financial Statements with reference to companies. Intro. to Financial Ratios as Tools of Analysing Financial Statements.(Tutorial 3 & 4 to be submitted) 2nd week : MID TERM Exam 3rd week : : Ratio analysis : Case study to be done in class. 4th week: Presentation on Ratio analysis

Module III: Cost accounting and Management accounting

No of sessions/hours 16. October Schedule: 10th week: Understanding Cash flow and Funds Flow. (Tutorial 5 ) 11th week: Cash flow and Funds Flow analysis: Case study . ( Quiz 3 ) 12th week : Cost accounting : Elements of cost, cost classification and preparation of cost sheet 13th week : Management accounting: marginal costing and CVP analysis(Tutorial 6 ) + ( Quiz 4 )

Module III: Contd.

November 2 weeks: No of sessions/hours 8. 1stweek: Variance Analysis 2nd week: Case Discussion

Internal assessment(30 marks)

Project/ Presentation: 5 marks Tutorials:5 marks Cases/ quizzes: 5 marks Attendance/ Class Participation: 5 marks Mid Term Test: 15 marks

Project (5 marks) (Final Submission/ Presentation- September 2012)

Form a group (5 persons) Roll no. wise. Obtain the latest ANNUAL REPORT of a company and do the following: Give a general introduction of the company and the sector. Perform a general SWOT analysis. Analyse and comment on operating Vs. Non operating income. Comment on the composition of Assets, i.e. the relative size of fixed assets and current assets? What is its depreciation policy?

Contd..

Calculate important financial ratios and prepare an analytical report to comment on the financial health of the company through: A trend analysis (3-5 years) of various Ratios. An inter-firm analysis (trend in ratio of one company to be compared with the trend in ratio of its competitor from the same industry), Cash Flow analysis as per (AS-3).

Contd.

In your report you are also required to evaluate the overall performance of the company and compare it to other companies in the same industry. In addition, report on any other news concerning the company found in the Journal or other sources, including the Internet.

Other Project: to be submitted at the end of each month

For the other written projects, each group is required to critique three accounting related articles( target every month one article and submit in writing at the end of the month) from the ICAI Journal (for last 12 months). The main purpose of this project is to familiarize MBA students, most of whom do not have undergraduate degrees in accounting, with crucial issues that face accountants in the business world.

No deviation from the deadline will be tolerated. Presentation will be in groups. Any group can be asked to present on any day assigned for the presentation. Individual questions may be asked from any member of the group.

Mandatory Condition

75% attendance is compulsory to complete internal evaluation.