Accounting for Managers (MBA)

Financial accounting principles, preparation and analysis of financial statements and basics of cost accounting.

6 MonthsDuration 5Chapters24Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Introduction to Accounting 5 topics

Meaning, scope and users of accounting
Accounting concepts and conventions (GAAP)
Overview of Indian Accounting Standards and IFRS
Double entry system, journal and ledger
Trial balance

02Unit 2: Preparation of Financial Statements 5 topics

Trading and profit and loss account
Balance sheet
Adjustments: outstanding, prepaid, depreciation, bad debts
Depreciation methods: SLM and WDV
Inventory valuation: FIFO and weighted average

03Unit 3: Analysis of Financial Statements 5 topics

Comparative and common-size statements
Liquidity ratios
Solvency ratios
Profitability ratios
Turnover ratios

04Unit 4: Cash Flow and Fund Flow Statements 4 topics

Funds flow statement concept
Cash flow statement as per AS 3 / Ind AS 7
Operating, investing and financing activities
Direct and indirect methods

05Unit 5: Cost Accounting for Managers 5 topics

Elements of cost and cost sheet
Marginal costing and contribution
Cost-volume-profit (CVP) analysis and break-even
Budgetary control
Standard costing and variances (introduction)

About

You will be able to

Explain accounting concepts, conventions and the accounting process up to the trial balance
Prepare trading account, profit and loss account and balance sheet with adjustments
Calculate depreciation and value inventory
Analyse financial statements using ratios, common-size and comparative statements
Prepare a cash flow statement as per AS 3 / Ind AS 7
Use cost sheet, marginal costing and CVP analysis for managerial decisions

Who it is for

MBA students of Semester 1 (AKTU, Lucknow) in Marketing, Finance and Human Resource specialisations
MBA / PGDM students of other universities with a similar paper in their syllabus

What you need

Graduation in any discipline (as required for MBA admission)

Questions

Which syllabus does the Accounting for Managers course follow?

The AKTU (Dr. A.P.J. Abdul Kalam Technical University) MBA syllabus for Accounting for Managers, unit by unit. The centre follows the student's own university syllabus where it differs.

Will previous year university questions be covered?

Yes, each unit ends with practice on the type of short and long questions asked in AKTU end-semester exams, plus MCQ tests.

I am from a non-commerce background. Can I cope?

Yes, the course starts from the basics of double entry and builds up with many worked examples.