Accounting for Managers

Paper Code: 
MAM 125
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

On completion of this course, the
students will be able to;
CO 25. Differentiate basic Accounting
concepts and principles.
CO 26. Construct journal entries, Trial
Balance and Final Accounts of a
Company.
CO 27. Analyze using various tools
and techniques of financial analysis
used for decision making.
CO 28. Examine different types of cost
and prepare a Cost Sheet
CO 29. Evaluate different alternatives
using techniques of CVP analysis
for sound decision making.
CO 30. Examine various contemporary
issues/concepts in Accounting

12.00
Unit I: 

Introduction
Accounting-Meaning and definition, Nature, Need, objectives, Importance, Limitations, Common Accounting
terms, Users of accounting information, Branches of accounting-Financial Accounting, Cost Accounting and
Management Accounting-Nature, Differences and limitations, Generally accepted accounting principles
(GAAP)-Accounting Concepts, Conventions and Standards (IFRS and Ind AS)
Recent developments in Accounting: Human Resource Accounting, Inflation Accounting, Responsibility
Accounting-Concept

12.00
Unit II: 

Basics of Financial Accounting
Accounting equation, Systems of Book Keeping, Types of accounts and their Rules, Basics of Journal and
ledger Trial Balance-meaning, preparation, errors

12.00
Unit III: 

Final Accounts
Profit & Loss Account and Balance Sheet-Content and preparation with adjustments

12.00
Unit IV: 

Financial Analysis
Meaning, objectives and types of financial analysis
Tools or techniques of financial analysis-Ratio analysis (meaning, objectives, limitations, classification,
preparation of financial statements from ratios), Comparative and common size financial statements, Fund
Flow analysis and Cash Flow Analysis-Meaning, difference and Content

12.00
Unit V: 

Cost concepts-Meaning, Objectives, Importance, Methods, Techniques and systems of costing; Basic Cost
Concepts-Elements of cost, classification of costs; Cost sheet
Cost-Volume-Profit Analysis-Meaning, Assumptions, Significance, Break even analysis, Contribution and
Marginal cost equation, Profit-Volume ratio, Margin of safety, key factor; Effect of change in the profit
factors

Essential Readings: 

 Madhu Vij, Management Accounting, MacMillan
 Maheshwari, Maheshwari, A text book of Accounting for Management, Sultan Chand & Sons.

References: 

 M. Y Khan, P.K. Jain, Management Accounting: Text problem and Cases. Tata McGraw Hill.
 Horngren, Management Accounting, Pearson Education.
 Anthony Robert, Management Accounting Principles, R D. Irwin.
 IM Pandey, Management accounting, Vikas Publishing House.
 M.N. Arora, Cost Accounting Principles & Practices, Eight edition, Vikas Publishing house.
 Agarwal M R, Management Accounting-I, Garima Publications

Academic Year: 
2022-2023
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