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Handouts For Accounting For Decision Making

This document outlines the syllabus for an accounting for decision making course. The course aims to provide both theoretical and practical knowledge in accounting to advance students' business careers. It covers topics like financial accounting, cost accounting, management accounting, standard costing, and recent trends. Assessment includes problems and theory questions. Reference materials include accounting textbooks and online MOOC courses. The course outcomes are mapped to how strongly each topic achieves the program and specific learning outcomes.

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Sneha Sneha
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13 views

Handouts For Accounting For Decision Making

This document outlines the syllabus for an accounting for decision making course. The course aims to provide both theoretical and practical knowledge in accounting to advance students' business careers. It covers topics like financial accounting, cost accounting, management accounting, standard costing, and recent trends. Assessment includes problems and theory questions. Reference materials include accounting textbooks and online MOOC courses. The course outcomes are mapped to how strongly each topic achieves the program and specific learning outcomes.

Uploaded by

Sneha Sneha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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HANDOUTS FOR ACCOUNTING FOR DECISION

MAKING

SYLLABUS, PPTs and PROBLEMS

DEPARTMENT OF COMMERCE AND FINANCIAL


STUDIES
SCHOOL OF BUSINESS STUDIES
BHARATHIDASAN UNIVERSITY
TIRUCHIRAPPALLI
2022-2023
FMCC1/21 - ACCOUNTING FOR DECISION MAKING

Course Aim: This programme is designed to provide high quality education in theoretical and
practical knowledge and skills in various aspects of accounting for those who wish to pursue or
further advance their careers in business.

Course Outcomes: On completion of the course, the students will be able to


CO1 Analyse and interpret financial statements and to make decisions based on the L1 & L2
information available.
CO2 Evaluate cost structure of various production methods. L2 & L3
CO3 Describe and apply various aspects of management accounting methods. L4
CO4 Apply the standard costing and budgetary control techniques in costing
decisions.
CO5 Describe the underlying theories of modern accounting and describe the L4 & L5
conceptual framework of accounting.
L1 - Remember; L2 - Understand ; L3 - Apply; L4 - Analyze; L5 - Evaluate; L6 - Create

Pedagogical Methods Adopted: Flipped Learning, Blended Learning, Experiential Learning,


Participative Learning, Case Study Method and Problem Based Learning

Unit I: Introduction to Financial Accounting: Accounting principles-concepts and


conventions- Journal – Ledger – Trial Balance – Adjustments – Final accounts of a Sole Trader -
Profit and Loss Account - Balance Sheet- Company Final Accounts as per the New Companies
Act Schedule III - International Accounting Standards and Indian Accounting Standards-Indian
GAAP– IFRS-FASB—SEC-IRS– Emissions Trading and Accounting of Carbon Credits.

Unit II: Cost Accounting: Difference between Management Accounting and Financial
Accounting - Definition and Scope of Cost Accounting - Significance and Limitations of cost
accounting - Cost Classification - Cost Sheet - Methods of Costing - Process Costing - Job
Costing.

Unit III: Management Accounting: Definitions – Scope - Significance and Limitations -


Marginal Costing - Cost-Volume-Profit Analysis - Break Even Analysis-Profit planning -
Decisions Regarding Sales Mix - Make or Buy decisions – Problem of key factor- Organizational
Innovation and Management Accounting.

Unit IV: Standard Costing and Budgetary Control:Standard Costing - Variance Analysis-
Material and Labour Only- Budgets and Budgetary Control - Classification of Budgets –
Functional Budget – Production, Sales, Raw Materials Purchase and Cash Budget - Flexible
Budgeting - Zero Based Budgeting.

Unit V: Recent Trends in Cost Accounting: Value Chain Analysis - Quality Costing – Target
costing-Life Cycle Costing-Kaizen costing-Activity Based costing.
Unit VI: Current Contours (for Continuous Internal Assessment Only): Contemporary
Developments Related to the Course during the Semester Concerned.
Weightage in the Question Paper: Problems-60% and Theory – 40%

Reference:
Books:
1. GuptaR.L. and Radhasamy,M. 2019, Advanced Accounting, 19th Edition, Sultan Chand
&Sons, New Delhi
2. Jain SP and NarayanKL,2017, Cost Accounting,Kalyani Publishers, New Delhi.
3. Larry M. Walther, 2021, Financial Accounting, CreateSpace Independent Publishing
Platform, Luxemberg.
4. Pandey, I.M., Management Accounting, 2018,3rd Edition, Vani Publication, Delhi.
5. SharmaR.K.,Shashi K. Gupta, 2017, Management Accounting Principles and Practices, 13th
Ed, Kalyani Publishing house, New Delhi.
6. ShuklaM.C.,. GrewalT.S and GuptaS.C., 2016, Advanced Accounting, S. Chand & Co., New
Delhi

Online Reference:
1. MOOC Material: Financial Accounting: Foundations (Coursera), Created by:University
of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught by:OktayUrcan.

2. MOOC Material: Accounting for Decision Making (Coursera), Created by:University of


Michigan, Delivered by:Coursera, Taught by:Greg Miller

3. MOOC Material: Financial Accounting: Advanced Topics (Coursera),Created


by:University of Illinois at Urbana-Champaign, Delivered by:Coursera, Taught
by:OktayUrcan

4. Accounting Standards, www.icai.org

Mapping with Programme Outcomes


Programme Outcomes Programme Specific Outcomes
COs
PO1 PO2 PO3 PO4 PO5 PSO1 PSO2 PSO3 PSO4 PSO5
CO1 2 2 3 3 3 3 3 3 3 1
CO2 3 3 3 3 3 3 3 3 3 1
CO3 1 2 3 3 3 3 3 2 3 3
CO4 3 3 3 3 3 3 3 3 3 3
CO5 3 3 3 1 3 3 3 3 3 2
1 – Low, 2 – Medium, 3 - Strong

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