18-MBA-AFM-BA5103

BA5103          ACCOUNTING FOR MANAGEMENT          Dr.N.PRAKASH

OBJECTIVES:

•Acquire a reasonable knowledge in accounts

•Analysis and evaluate financial statements

UNIT I FINANCIAL ACCOUNTING

Introduction to Financial, Cost and Management Accounting- Generally accepted accounting principles, Conventions and Concepts-Balance sheet and related concepts- Profit and Loss account and related concepts - Introduction to inflation accounting- Introduction to human resources accounting.

UNIT II COMPANY ACCOUNTS

Meaning of Company -Maintenance of Books of Account-Statutory Books- Profit or Loss Prior to incorporation- Final Accounts of Company- Alteration of share capital- Preferential allotment, Employees stock option- Buyback of securities.

UNIT III ANALYSIS OF FINANCIAL STATEMENTS

Analysis of financial statements – Financial ratio analysis, cash flow (as per Accounting Standard 3) and funds flow statement analysis.

UNIT IV COST ACCOUNTING

Cost Accounts - Classification of manufacturing costs - Accounting for manufacturing costs. Cost Accounting Systems: Job order costing - Process costing- Activity Based Costing- Costing and the value chain- Target costing- Marginal costing including decision making- Budgetary Control & Variance Analysis - Standard cost system.

UNIT V ACCOUNTING IN COMPUTERISED ENVIRONMENT

Significance of Computerised Accounting System- Codification and Grouping of Accounts-Maintaining the hierarchy of ledgers- Prepackaged Accounting software.

OUTCOME:

•Possess a managerial outlook at accounts.

REFERENCES:

1.M.Y.Khan & P.K.Jain, Management Accounting, Tata McGraw Hill, 2011.

2.R.Narayanaswamy, Financial Accounting – A managerial perspective, PHI Learning, New Delhi, 2011.

3.Jan Williams, Financial and Managerial Accounting – The basis for business Decisions, 15thedition, Tata McGraw Hill Publishers, 2010.

4.Horngren, Surdem, Stratton, Burgstahler, Schatzberg, Introduction to Management Accounting, PHI Learning, 2011.

5.Stice & Stice, Financial Accounting Reporting and Analysis, 8th edition, Cengage, 2010.

6.Singhvi Bodhanwala, Management Accounting -Text and cases, PHI Learning, 2009.

7.Ashish K. Battacharya, Introduction to Financial Statement Analysis, Elsevier, 2009.

8.Sawyers, Jackson, Jenkins, Arora, Managerial Accounting, 2nd edition, Cengage, 2011

9.Godwin, Alderman, Sanyal , Financial Accounting, 2nd edition, Cengage, 2011

10.Narashiman.M.S, Financial statement analysis, Cengage, 2016.