ACCOUNTING & FINANCE FOR MANAGERS

Semester: II
Sub Code: MSM T 202
Credits: 4
Hours/Wk: 4
Total Hrs: 60
Exam Marks: 50
IA Marks: 50
Exam Duration: 3 Hrs

Objectives:
To acquaint the students with basic accounting, costing and financial management concepts for decision making purposes. Course will provide an overview of the important concepts in these fields.

Course content:

Unit 1: Accounting;
Principles, concepts & conventions, accounting equation, capital and revenue, rules of debit and credit, cash book and ledger, trial balance, bank reconciliation statement, final accounts-P & L A/C, Balance Sheet, Techniques of financial analysis, Ratio analysis, Definition and scope of Auditing.

Unit 2:
Introduction to cost accounting. Understanding and classifying cost, element of cost, component of total cost, classification of costs, cost sheet, introduction to management reporting and control system.

Unit 3:
Managerial costing and CVP analysis-meaning and difference between absorption costing and marginal costing, marginal cost, utility of marginal costing and its limitations, segregation of semi variable cost, BEP. Profit, Volume.

Unit 4:
Introduction to Financial Management, Working Capital Management, Operating leverage, Determinants of capital structure, Introduction to Functioning of Capital Markets, Stock market in India-Origin, growth, function and role

Suggested Readings
— R. Narayanaswamy, Financial Accounting, PHI.
— Louderback and Holmen, Managerial Accounting, Thomson.
— Robert Anthony, David Hawkins and Kenneth Merchant, Accounting, TMH.
— Thukaram Rao, Accounting for Managers, New Age International Publishers.
— Rama Gopal C, Financial Management, New Age International Publishers.
— James Van Horne and John Wachowicz, Financial Management, Pearson.
— Brigham & Houston, Fundamentals of Financial Management, Thomson.