CA717
ACCOUNTING AND FINANCIAL MANAGEMENT
OBJECTIVE:
To learn the fundamentals of accounting and financial management.
Assets – Liabilities – Types - Trading account – Accounting records and Systems – Limitations - Income statement – Preparation and Interpretation
Depreciation – Methods - Inventory methods, Sources of working capital, Fund flows, Cash flows – Financial Statement analysis
Ratio analysis - Use of ratios in interpreting Trading Accounts and Financial Statements, Limitations – Management Accounting
Variable costs – Fixed costs – Cost Volume Profit Analysis – Break even marginal and full costing contribution, Standard costing - Analysis of variance - Computer accounting and algorithms
Characteristics of Budgets - Forecasting – Long term, Short term – Methods of capital investment decision making, Sensitivity Analysis, Cost of capital
REFERENCES:
1. S.N. Maheswari and S.K. Maheswari, “An Introduction to Accountancy”, 8th Edition, Vikas Publishing, 2003.
2. Manmohan and Goyal, “Principles of Management and Accounting”, 5th Edition, SahityaBhawan, 1994.
COURSE OUTCOME:
Students will
1.Prepare and analyse the final accounts of the firm
2.Prepare and analyse the funds & cash flow statements of the firm
3.Perform basic analysis of financial statements and write a report on the financial performance, conditions and effectiveness of the firm
4. Analyse and evaluate costing systems
5.Prepare different types of budgets and policies
