K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)

Mumbai 400077

Course Details

Program

PGDM (IB)

Faculty Email ID
harnesh@somaiya.edu

Course Objectives
and Outcomes

Trimester

1st

Faculty Contact
Number

022 67283025

Faculty Name

Prof. Harnesh
Makhija

Students Contact
Hours

12 to 5 ( Monday to
Friday)

Course Name

Financial
Accounting

Course Code

Max Marks

100

Credits

Full

Course Objectives:
Financial Accounting course aims to make the student understand the national and
international accounting practices. It would make the students understand the
various techniques to be used while preparing books of accounts.
Student learning outcomes from the course:
As a result of this study, the students will acquire knowledge of rules and
regulation for accounting and sharpen their critical analytical thinking ability. This
is achieved through interpretation of cases, discussions and other assessment
activities.
Students will master the following :
Accounting Rules & Principles
Cost of Sales & Inventories
Various sources of finance
Preparation of financial statement
Analysis of financial statement

K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)
Mumbai 400077
Course Coverage/ The course will be able to reinforce following learning goals:
Topics relevant to
1. Understand IFRS and GAAP guidelines (***MK) (***CT)
the Learning Goals
2. Basic Accounting Concepts (***MK)
(LG)
3. Cost of sales & Inventories (***CT)
4. Long-Lived Nonmonetary Assets and Their Amortization (***CT)
5. Financial Statement Preparation (***CT)
Indicate extent to
6. Financial Statement Analysis (***CT)
which the same is
addressed for each
LG
* - Addresses the
Learning
Goal
Barely
** - Addresses the
Learning
Goal
Moderately
*** - Addresses the
Learning
Goal
Strongly

Pedagogy/Learning
Methodology

Session Plan

Power Point Presentations

Case discussions and interpretations
Interactive sessions

Session
No.

Topics to be
Covered

Pre Readings/ Suggested

Readings / Cases

Basic Accounting
2

Fundamentals of

Remarks

K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)
Mumbai 400077
1,2

Concepts

3,4,5

Cost of sales &

Inventories

6,7,8

Long Lived Non

Monetary Assets
and Their
Amortization
Class Test
Sources of
Capital : Debt

9
10,11,12

Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant

13,14,15

Sources of
Capital: Owners
Equity

Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant

16,17,18

Other Items That

Affect Net
Income &
Owners Equity
Class Test

Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant

20,21

Depreciation
Accounting

22,23,24

Financial
Statement
Analysis
Understanding
Financial
Statement

Fundamentals of
Accounting by P.C.
Tulsian
Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant
Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant

19

25,26,27

Required Text and

Course Material

Accounting by P.C.
Tulsian
Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant
Accounting by Robert N.
Anthony, David Hawkins
& Kenneth Merchant

Books/Journals/Magazines/
Readings

Author

Publisher/Year/
Edition/
Other Details

K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)
Mumbai 400077
Accounting Text and Cases

Robert N. Anthony,
David Hawkins &
Kenneth Merchant

Tata McGraw Hill/

10e

Fundamentals of Accounting

P.C. Tulsian

Tata McGraw Hill/

Financial Statement Analysis

CFA

Level 1

Component
Assessment Criteria
(including continuous
evaluation and end
term assessment)

Weightag
e

LG
LG
LG
1(MK) 2(CT) 3(CS)

Attendance
Indicate
extent of
alignment
with Class
intended
Learning participation
Goals (LG)
Assignments

5%

- Assesses the Class Test

Learning
Goal
Barely
Term end
exams
- Assesses the
Learning
Goal
Moderately
- Assesses the
Learning
Goal
Strongly
Explanation of the
choice of methods for
assessment
of
Learning Goals

Learning Goals Assessed *

LG
LG
4(TO) 5(GA)

5%

20%

20%

50%

LG
6(ER)

The assessment parameters and their contents have been planned to ensure that
students are able to understand, learn, practice and master the identified learning
outcomes. All assessment criteria are aimed at critical thinking which is the
fundamental requirement of learning this course.
4

K J Somaiya Institute of Management Studies & Research

Vidyanagar, Vidyavihar (E)
Mumbai 400077

Learning Goals*
1.
2.
3.
4.
5.
6.

LG 1(MK) = Management Knowledge

LG 2(CT)= Critical Thinking
LG 3(CS) =Communication Skills
LG 4(TO) = Team Orientation
LG 5(GA) = Global Awareness
LG 6(ER) = Ethical Responsibility