Afm Course
Course Handout
Accounting For Managers (AFM) Semester-I (June -October, 2013)
Course Overview
The course is designed to provide the students with a sound understanding of the basic accounting principles, concepts and standards and skill in the preparation and presentation of financial statements. Moreover this course a blend of financial accounting and management accounting. At the end of this course, students will be capable of preparing and understanding financial statements and use financial and management accounting information for taking business decisions.
Course Objectives * To acquaint the students with the principles, concepts and standards of accounting. * To develop the students’ understanding of the conceptual framework of accounting and the principles, and procedures that govern the preparation of financial statements. * To acquire the essential skills to deal with the decisions involving cost control and profit planning. * To use management and cost accounting information in planning, controlling, and decisions making.
Reading Material: 1. Accounting Text and Cases by Robert Anthony, David Hawkins and Kenneth Merchant (AHM) 2. Framework for Preparation and Presentation of Financial Statements – Issued by ICAI 3. Accounting Standards – Issued by ICAI
Supplementary Reading Material: 1. Accounting for Decision Making by Belverd Needles, Marian Powers and Susan Crosson, Cengage Learning 2. Introduction to Financial Accounting by Charles Horngren, Gart Sundem, John Elliott and Donna Philbrick (9th Edition), Pearson 3. Introduction to Management Accounting by Horngren, Sundem, Stratton, Burgstahler and Schatzberg (14th Edition), Pearson 4. Financial Accounting for Business Managers by Ashish K Bhattacharyya (3rd Edition), PHI Learning
Evaluation:
The evaluation for the course will be based on Class Participation, Written Tests and End Term Exam.
| Activity | Session | Marks | 1
Accounting For Managers (AFM) Semester-I (June -October, 2013)
Course Overview
The course is designed to provide the students with a sound understanding of the basic accounting principles, concepts and standards and skill in the preparation and presentation of financial statements. Moreover this course a blend of financial accounting and management accounting. At the end of this course, students will be capable of preparing and understanding financial statements and use financial and management accounting information for taking business decisions.
Course Objectives * To acquaint the students with the principles, concepts and standards of accounting. * To develop the students’ understanding of the conceptual framework of accounting and the principles, and procedures that govern the preparation of financial statements. * To acquire the essential skills to deal with the decisions involving cost control and profit planning. * To use management and cost accounting information in planning, controlling, and decisions making.
Reading Material: 1. Accounting Text and Cases by Robert Anthony, David Hawkins and Kenneth Merchant (AHM) 2. Framework for Preparation and Presentation of Financial Statements – Issued by ICAI 3. Accounting Standards – Issued by ICAI
Supplementary Reading Material: 1. Accounting for Decision Making by Belverd Needles, Marian Powers and Susan Crosson, Cengage Learning 2. Introduction to Financial Accounting by Charles Horngren, Gart Sundem, John Elliott and Donna Philbrick (9th Edition), Pearson 3. Introduction to Management Accounting by Horngren, Sundem, Stratton, Burgstahler and Schatzberg (14th Edition), Pearson 4. Financial Accounting for Business Managers by Ashish K Bhattacharyya (3rd Edition), PHI Learning
Evaluation:
The evaluation for the course will be based on Class Participation, Written Tests and End Term Exam.
| Activity | Session | Marks | 1