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Mba I Frsa

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13 views

Mba I Frsa

gfds

Uploaded by

Anirban Biswas
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Program: MBA

L T P C
Semester: I 3 0 0 3
Course: Financial Reporting Statement and Analysis
Course Code: 11.509

Course Learning Objective:

CLO 1: Understand the scope, objectives and branches of financial accounting, Journal, Ledger, Trial Balance
as well as errors disclosed by it and preparation of P/L statement and Balance sheet for ascertaining the financial
position of the business.
CLO 2: To develop an understanding of the concept of depreciation, methods of depreciation, amortization,
obsolescence, depletion and an understanding of capital and revenue expenditures and receipts.
CLO 3: To enable learners to understand, develop and apply the principles and functions of management
accountingand role of budgeting in business management as well as classifications of budget and essentials of
effective budgeting.
CLO 4: Understanding of the concepts of cost, elements of cost, cost sheet and techniques of costing and provide
students with an understanding of the importance of standard costing and variance analysis as a tool of cost
reduction.
Course Outcome:

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


CO 1: Understand the concepts and format for journal entries, ledger posting, preparation of trial balance,
methodsof allocating error in trial balance and analyze a firm’s financial activities using financial statement
analysis tools to know the company’s overall performance.
CO 2: Analyze the factors affecting depreciation, fixed & reducing instalment method and analyse the
differencebetween capital and revenue expenditure.
CO 3: Apply management accounting and its objectives in facilitating decision making and create cash flow
&fund flow statement in planning for intermediate and long-term finance as well as understand the
benefits of different types of budgets in an organization.
CO 4: Understand the concepts of cost, evaluate different types of cost, cost sheet, methods of costing, marginal
costing and its application in real life. Also evaluate the material and labor cost variance for cost control.
Course Content:
Topics Hours

Unit I: Introduction to Financial Accounting

Introduction; Scope and Objectives; Branches of Accounting; Accounting Principles and Standards.
Journalizing Transactions: Recording of Transaction, Advantages of Journal, Classification of Accounts 20
and its Rules, Compound Entries; Ledger: Introduction, Posting and its Rules; Trial Balances: Trial
Balance Preparation, Errors Disclosed by Trial Balance,Methods of Allocating Errors in Trial Balance.
Profit and Loss Statement; Balance Sheet; Final Accounts: Adjustments.

Unit II: Depreciation

Meaning, definition, obsolescence, depletion, amortization, fluctuation, causes of


depreciation, factors affecting depreciation, methods of providing depreciation, accounting treatment, 8
fixed and reducing instalment system their advantages and change in method. Capital Expenditure;
Revenue Expenditure; Deferred Revenue Expenditure; Capital Receipts; Income Statements:

Unit III: Management accounting

Concept, need, importance and scope; Principles, Functions and Scope of Management Accounting; its 7
Limitations; Management Accountant: Functions; cash flow statement, fundflow statement, Budgetary
control-meaning, need, objectives, essentials of budgeting, different types of budgets;

Unit IV: Cost Accounting

Basic Cost Concepts; Components of Total Cost; Elements of Cost and Cost Sheet; Methods,Systems and 10
Techniques of Costing. Standard costing and variance analysis (materials, labour): Marginal costing and
its application in managerial decision making.

Suggested Readings:

1. Accounting for Management, Maheshwari. S.N (2009). 2nd Edition. Sultan Chand & Sons
2. BASIC Accounting, M.Y.Khan and P.K.Jain (2010) 5th Edition, Tata Mc Grew Hill.
3. Accounting Theory and Practice, Glautier. M.W.E. And Underdown B. (2010). Financial Times/ Pearson
4. Management Accounting, M.A. SAHAF- S.chand
5. Comprehensive Accountancy By S.A.Siddiqui
6. Jain S.P. and Narang K.L. Advanced Cost Accounting, Kalyani Publishers Ludhiana.
7. Khan M.Y. and Jain, P.K. Management Accounting, TMH, N. Delhi

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