1 Program : Post Graduate Diploma In Management (PGDM) Batch : 2011 2013, I Sem Course Title: Business Accounting (BA)

) Course Code: S1C3 COURSE OBJECTIVE: 1) The course intends to introduce and acclimatize the student into the fundamental principles, concepts, standards, and mechanics of the financial accounting 2) This course helps students in understanding Cost and Management Accounting and in appreciating it as a tool for decision making. It is also aimed at helping student equip themselves with accounting information for planning, controlling and decision making. 3) To build a conceptual foundation so that further knowledge of financial management can be absorbed more effectively. Faculty: Prof Jaideep Jadhav COURSE CONTENT & UNIT PLAN MODULE NO UNIT TITLE & CONTENT UNIT OBJECTIVE Part A: Financial Accounting 1 Introduction to Accounting Meaning of Accounting, Objectives of Accounting, Users of Financial Statements, branches of accounting, Generally Accepted Accounting Principles( GAAP ) To understand Meaning of Accounting, Objectives of Accounting, Users of Financial Statements, branches of accounting, Generally Accepted Accounting Principles( GAAP ) 2 Accounting Mechanics: Basic Records Basic Accounting Mechanics, Debit and credit, Types of Accounts, Books of Accounts Recording of transactions, Journal, Subsidiary Books , Cash Book, Posting in Ledger Accounts To understand basics of debit and Credit, Types of Accounts, Books of Accounts Recording of transactions, Journal, Subsidiary Books , Cash Book, Posting in Ledger Accounts 3 Preparation of Financial Statements: Trial Balance and

Adjustments : Preparation of Trial Balance from General Ledger Balances To understand Preparation of Trial Balance from General Ledger Balances 4 Financial Statements: Profit and Loss Account and Balance Sheet Preparation of Profit and Loss Account from a given Trial Balance, Distinction between Capital and Revenue Expenditure, Preparation of Profit and Loss Account, Practical Exercises, Preparation of balance sheet To understand meaning of Profit and Loss Account, general format and contents of trading and profit and Loss Account , concept and preparation of balance sheet, limitations of balance sheet
MIT PUNEs

MIT School of Telecom Management

Course Plan
2 Part B: Cost Accounting 5 Introduction to Cost Accounting: Basic concepts in cost accounting: Elements of Cost-material, labour, overheads, direct and indirect costs, fixed and variable costs, types of costs, cost centre, cost units, etc, preparation of cost sheet To understand Basic concepts in cost accounting: Elements of Cost-material, labour, overheads, direct and indirect costs, fixed and variable costs, types of costs, cost centre, cost units, etc, preparation of cost sheet 6 Materials Management Valuation of Inventory - LIFO, IFO and Weighted Average Methods To understand perceptual and periodic Inventory systems, principal methods of Inventory valuation and valuation principles Part C: Management Accounting 7 Budgetary Control

Different types of Budgets-fixed and flexible budgets, Cash budget, Sales budget, Production budget and Master Budget To become conversant with Different types of Budgetsfixed and flexible budgets, Cash budget, Sales budget, Production budget and Master Budget 8 Managerial Decision Making Techniques Marginal Costing, Cost-Volume Profit Analysis, Break Even Point, Application of Marginal costing to managerial decisionmaking To become conversant with Marginal Costing, CostVolume Profit Analysis, Break Even Point and its application managerial decision-making REFERENCE BOOKS
SR. NO. AUTHOR TITLE PUBLISHER 1 Horngreen and

Sundlem Introduction to Management Accounting 2 Manmohan and Goyal Principles of Management Accounting 4 S M Inamdar Cost and Management Accounting 5 Dr Mahesh Kulkarni Management Accounting 6 Khan and Jain Management Accounting 3rd Edition Tata McGraw Hill
7

Khan and Jain Theory and Problems in Management and Cost Accounting Tata McGraw Hill 8 Ramachandran N , Financial Accounting for Management - Tata McGraw Hill 2006

3
Kakani Kumar Ram 9 Robert N.Anthony, David F.Hawkins, Kenneth A.Merchant, Accounting Text and CasesTata McGraw Hill ,2007
10

Collis Business Accounting, Palgrave Macmillan 2007 11 Pandikumar

Management Accounting 12 Shukla M.C Advance Accounts Kalyani Publications 13 Hanif and Mukherjee Modern Accountancy Tata McGraw Hills 14 S N Maheshwari Advanced Accounting Vikas Publications 15 ICFAI University Financial Accounting

INTERNET RESOURCES Note - Problems will be covered on the following topics: a. preparation of ledger accounts, trial balance and final accounts b. Cost Sheet Preparation c. Inventory Valuation d. Simple Problems on Break Even Analysis e. Budgets Cash, Sales and Production