PGP Handbook - Institute of Public Enterprise

FINANCIAL, COST AND MANAGEMENT
ACCOUNTING
Code: 102 Credits: 5
Unit I : Accounting Theory – Definition, Scope,
Functions and Limitations of Accounting
– Accounting Cycle - Generally Accepted
Accounting Principles (GAAP) - Concepts
and Conventions – The Changing Nature of
GAAP – Introduction to IFRS.
Unit II : Mechanics of Accounting – Definition of
Transaction and Accounts – Classification of
Accounts – Accounting Equations – Books
of Original Entry, Ledger, Trial Balance and
Preparation of Final Accounts/ Financial
Statements.
Unit III : Analysis of Financial Statements – Meaning
of Financial Analysis – Comparative and
Common Size Analysis - Ratio Analysis
– Managerial Uses of Financial Analysis -
Funds Flow and Cash Flow Analysis.
Unit IV : Introduction to Cost and Management Accounting:
Role and use of Cost and Management
Accounting – Evolution of Management
Accounting – Relationship among Management,
Financial and Cost Accounting-Cost
Terminology-Elements and Classification of
Costs – Cost Sheet.
Cost Volume Profit (CVP) Analysis: CVP
terminology and assumptions - Break-even
analysis- Sensitivity Analysis.
Unit V : Budgetary Planning and Control: Introduction
to Budgeting and Budgetary Control
–Master Budget- Static and Flexible Budget
– Zero-base Budgeting.
Introduction to Standard Costing - Variance
Analysis & Interpretation.
Text Book(s)
1. Dr S N Maheswari, Dr S K Maheswari & Sharad
K Maheswari, “A Text Book of Accounting for
Management”
Suggested Readings
1. Horngren, Datar & Foster, (2007), “Cost Accounting,
A Managerial Emphasis”, Pearson Edition,
11th edition
2. Anthony Hawkins and Merchant (2006), “Accounting:
Text & Cases”, Tata Mc-Graw Hill
3. Banerjee B, (2006), “Cost Accounting”, Prentice
Hall Of India Private Ltd, New Delhi, 12th Edition
4. Horngen C.T., Sundem G.L. & Stratton, (2006), “Introduction
to Management Accounting”, Prentice
Hall Of India Private Ltd, New Delhi, 13th Edition
5. Maheswari, B.N (2006): “An Introduction to
Accounting”, Vikas Publishing House, New Delhi
6. Tulsian
Pearson
P.C. (2006), “Financial Accounting”,
7. Jain S.P &. Narang K. L (2005): “Financial
Accounting”, Kalyani Publishers
8. Weygandt, Kieso and Kimmel (2005), “Financial
Accounting”, Wiley
9. S.P. Jain & K.L. Narang: (2005) “Cost Accounting”,
Kalyani Publications
10. Bhattacharya, S.K. and Dearden John (2004): “
Accounting for Management: Text and Cases”,
Vani, Vikas Publishing House,New Delhi
11. Gupta, B.L & Radha Swamy.M (2004): “Advanced
Accountancy”, New Delhi: Sultan Chand & Sons
12. Louderback J.G. & Holmen J.S. (2003), “Managerial
Accounting”, Thomson, South Western
13. Warren (2003), “Financial Accounting”, Thomson
14. Horngren, Sundem and Stratton, (2002) “Introduction
to Management Accounting”, Pearson
Education, 12th Edition
Institute of Public Enterprise – PGP Student Handbook • 23