ACC501:ACCOUNTING FOR MANAGERS

L:3

T:2

P:0

Credits:4

Course Objectives:

To acquaint students with the accounting information required for decision making.

To sharpen the analytical skills of students by providing them the practical exposure of
preparation and interpretation of various financial and cost statements.

To enable students to choose between different cost controlling techniques to bring

efficiency into business operations.

Unit I
Introduction to Accounting : Objectives, Advantages and Limitations of
Accounting, Accounting Concepts and Conventions, Accounting Terminology,
Accounting Equation, Rules of Accounting
Corporate Financial Statements : Features and Importance, Vertical Format of
Corporate Financial Statements, Concept and Significance of Notes to the Accounts
Unit II
Financial Statement Analysis : Objectives of Analysis, Various Stakeholders and
their Interests, Preparation of Financial Statements Using Excel, Techniques of
Financial Statement Analysis-Horizontal Analysis, Common Size Analysis, Trend
Analysis
Cash Flow Statement : Meaning and Significance, Construction of Cash Flow
Statement by Indirect Method using Excel, Analysis of Cash Flow Statement
Unit III
Ratio Analysis : Importance and Objectives, Liquidity Ratios, Solvency Ratios,
Profitability Ratios, Turnover Ratios, Leverage Ratios, Du-Pont Analysis
Unit IV
Basic Aspects of Cost Accounting : Meaning & Cost Concepts, Introduction to
Material, Labor and Overhead Costs, Preparation of Cost Sheet and Estimated Cost
Sheet
Budgetary Control : Meaning and Types of Budgets, Need and Steps involved in
Budgetary Control, Preparation of Cash Budget, Preparation of Flexible Budget
Unit V
Marginal Costing and Profit Planning : Meaning and Objectives, CVP Analysis,
Break even analysis, Application of Marginal Costing Technique, Marginal Costing
versus Standard Costing
Decision involving Alternative Choices : Concept and Steps involved in Decision
Making, Limiting Factor, Decision related to Make or Buy a Component,
Determination of Sales Mix, Shut down or Continuance, Exploration of New Markets
Unit VI
Responsibility Accounting : Concept and Significance, Elements, Responsibility
Centers
Transfer Pricing : Meaning and Importance, Methods of Calculating Transfer Price
Recent Trends in Cost Accounting : Quality Costing, Kaizen Costing, Activity
Based Costing
Text Books:
1. ACCOUNTING FOR MANAGERS by DR.S N MAHESHWARI, VIKAS PUBLISHING
HOUSE, 3rd Edition, (2012)
References:

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Print Date : 2/27/2016 1:36:48 PM

References:

1. ACCOUNTING FOR MANAGEMENT by LAL, JAWAHAR, HIMALAYA PUBLISHING

HOUSE PVT. LTD, 10th Edition, (2012)

2. ACCOUNTING FOR DECISION MAKING by BELVERED. E. NEEDLES, CENGAGE

LEARNING, 5th Edition,

3. FINANCIAL ACCOUNTING FOR MANAGEMENT by GUPTA, AMBRISH, PEARSON,

4th Edition, (2012)

4. FUNDAMENTALS OF COST ACCOUNTING by WIILIAM N. LANEN, SHANNON W.

ANDERSON, MICHAEL W. MAHER, MCGRAW HILL EDUCATION, 2nd Edition,

5. MANAGEMENT ACCOUNTING by SHAH PARESH, OXFORD UNIVERSITY PRESS,

2nd Edition, (2012)

6. COST AND MANAGEMENT ACCOUNTING by ARORA M.N, HIMALAYA PUBLISHING

HOUSE PVT. LTD, 4th Edition, (2013)

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Print Date : 2/27/2016 1:36:48 PM