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Accounting for Decision Making Guide

This document outlines an accounting for decision making course over 45 periods. The course covers 5 units: financial accounting, analysis of financial statements, cost accounting, marginal costing, and budgeting and variance analysis. The objectives are to acquire knowledge in accounts analysis, financial statement preparation and analysis, understand management and cost accounting techniques, and apply techniques for decision making. The outcomes are a thorough grounding in financial accounting concepts, preparation of financial statement analysis, understanding management and cost accounting techniques, applying techniques for decision making, and assessing Indian accounting standards and practices.

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Vijayakannan V
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193 views1 page

Accounting for Decision Making Guide

This document outlines an accounting for decision making course over 45 periods. The course covers 5 units: financial accounting, analysis of financial statements, cost accounting, marginal costing, and budgeting and variance analysis. The objectives are to acquire knowledge in accounts analysis, financial statement preparation and analysis, understand management and cost accounting techniques, and apply techniques for decision making. The outcomes are a thorough grounding in financial accounting concepts, preparation of financial statement analysis, understanding management and cost accounting techniques, applying techniques for decision making, and assessing Indian accounting standards and practices.

Uploaded by

Vijayakannan V
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
  • Unit I: Financial Accounting
  • Objective

ACCOUNTING FOR DECISION MAKING

CREDITS
3
:

OBJECTIVE :

 Acquire a reasonable knowledge in accounts analysis and evaluate financial


statements

UNIT I FINANCIAL ACCOUNTING 9


Introduction to Financial, Cost and Management Accounting – Generally accepted
accounting principles– Double Entry System – Preparation of Journal, Ledger and
Trial Balance Preparation of Final Accounts: Trading, Profit and Loss Account and
Balance Sheet - Reading the financial statements .

UNIT II ANALYSIS OF FINANCIAL STATEMENTS 9


Financial ratio analysis, Interpretation of ratio for financial decisions- Dupont Ratios
– Comparative statements - common size statements. Cash flow (as per
Accounting Standard 3) and Funds flow statement analysis – Trend Analysis.

UNIT III COST ACCOUNTING 9


Cost Accounts – Classification of costs – Job cost sheet – Job order costing –
Process costing – (excluding Interdepartmental Transfers and equivalent
production) – Joint and By Product Costing – Activity Based Costing, Target
Costing.

UNIT IV MARGINAL COSTING 9


Marginal Costing and profit planning – Cost, Volume, Profit Analysis – Break Even
Analysis – Decision making problems -Make or Buy decisions -Determination of
sales mix - Exploring new markets - Add or drop products -Expand or contract.

UNIT V BUDGETING AND VARIANCE ANALYSIS 9


Budgetary Control – Sales, Production, Cash flow, fixed and flexible budget –
Standard costing and Variance Analysis – (excluding overhead costing) -
Accounting standards and accounting disclosure practices in India.
TOTAL : 45 PERIODS

OUTCOMES :

 A thorough grounding of financial accounting concepts


 Preparation of financial statement analysis
 Understand the management and cost accounting techniques
 Apply the management and cost accounting techniques for decision making
 Assess the accountancy standards of practices in India
REFERENCES :
1. R. Narayanaswamy, Financial Accounting, PHI, sixth edition, 2017.
2. M.Y. Khan & P.K. Jain, Management Accounting, Tata McGraw Hill, 8 th edtion,
2018.
3. T.S. Reddy & A. Murthy, Financial Accounting, Margham Publications, 2014
4. Jan Williams, Susan Haka, Mark S bettner, Joseph V Carcello, Financial and
Managerial Accounting - The basis for business Decisions, 18th edition, Tata
McGraw Hill Publishers, 2017
5. Charles T. Horngren, Gary L.Sundem, David Burgstahler, Jeff Schatzberg,
Introductionto Management Accounting, PHI Learning, 2014 , 16th edition.
6. Earl K. Stice& James D.Stice, Financial Accounting, Reporting and Analysis, 8th
edition, Cengage Learining, 2015.
7. N.M. Singhvi, Ruzbeh J.Bodhanwala, Management Accounting – Text and cases,3

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