ACCOUNTING FOR MANAGERS

MODULE: 1
Introduction to financial accounting, uses and users of accounting information, generally
accepted accounting principles and the accounting environment, the role of accounting in capital
market and corporate governance. Recording of business transaction, classification of
commonly used accounts, the double entry system, journal, Ledger and trail balance.

MODULE: 2
Measurement of Business Income and Financial position, preparation of Profit and loss account,
balance sheet, understanding of corporate Financial Statements in annual reports.

MODULE: 3
Valuation of Fixed assets, depreciation accounting, valuation of inventories (as per respective
accounting standards issued by Accounting Standard Board of Institute of Chartered
Accountants of India)

MODULE: 4
Financial statement analysis, objectives, standards of comparisons, sources of information,
Techniques of financial statements analysis: Ratio analysis, du-pont analysis, Trend analysis,
common sized analysis, fund flow statements, cash flow statements. (As per AS-3)

MODULE: 5
Introduction to cost accounting, concepts and classification, standard costing and variance
analysis, budgetary control, absorption costing and marginal costing, applications of Marginal
Costing, Cost-volume – profit analysis, Concepts of Target costing, activity based costing and
life cycle costing.

BOOKS RECOMMENDED
1. R. Narayanaswamy, Financial Accounting, PHI
2. Nitin Balwani, Accounting and Finance, EB
3. Dr. Jawaharlal, Accounting for Management, HPH
4. Khan and Jain, Management Accounting, TMH
5. Louderback and Holmen, Managerial Accounting, Thomson
6. Ambrish Gupta, Financial Accounting for Management, Pearson
7. Robert Anthony, David Hawkins and Kenneth Merchant, Accounting, TMH
8. James Stice and Michael Diamond, Financial Accounting, Thomson
9. Tulsian, Financial Accounting, Pearson
10. Warren Reeve Fess, Financial Accounting, Thomson
11. Bannerjee, Financial Accounting, EB