Course Name : Business Accounting
Business Accounting
Teacher
Dr. Pramod Kumar Patjoshi
Category
Core Courses
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Code(Credit) : CUTM1213(4-0-2)
Course Objectives
- To familiarise with the basic conceptual framework of Financial Accounting i.e., from the recording of transactions for Understanding and Interpreting of Financial Statements.
- To provide the knowledge to the students about financial statements and principles underlying them and to develop their skills in reading Annual Reports.
- To provide a thorough understanding and techniques of financial statements analysis.
Course Outcomes
- Apply the financial skill on raising and application of funds for future decision-making.
- Able to apply the techniques of TVM and capital budgeting for investment decision-making.
- Analyze the business with the theories of financial management for framing optimum capital structure, distribution of profir and managing the working capital.
| COS | COURSE OUTCOMES | MAPPING COS WITH POS (High-3; Medium-2; Low-1) |
| CO1 | Develop an awareness and understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory valuation methods and methods of depreciation). | PO1(3), PO2(2) |
| CO2 | Understand and interpret the nature and role of the principal financial statements (i.e., the Income Statement, the Statement of Financial Position, and the Statement of Cash Flows). | PO1(2), PO2(2), PO3(3)
|
| CO3 | Read, interpret and analyze financial statements; combine financial analysis with other information to assess the financial performance and position of a company; | PO1(3), PO2(3) |
Course Syllabus
Course Syllabus
Module: I
Accounting, meaning, definition, objectives, scope, basic, terms, accounting principles, branches of accounting, uses & limitations of Accounting, Concepts & Conventions, Accountings uses, Accounting information, Accounting equations – Meaning of accounting equation, compensation of accounting, effects of transactions.
Module: II
Basic Accounting Procedure – Journal, rules of debit & credit, method of journalizing, advantage, double entry system – its advantage, ledger, meaning, utility, posting entries. Practical system of book keeping – Cashbook, types of cash book, Single column, double column, entries, Trial Balance, Objective, preparation, errors & rectification, Suspense Accounting – meaning, utility & preparation.
Depreciation: meaning, causes, factors affecting depreciation, methods of charging depreciation, straight line and written - down methods.
Module: III
Preparation of Financial Statements: Preparation of trading account, profit & loss account and balance sheet for a sole proprietor, understanding financial statements of a joint stock company, activities of cash flow statement, understanding the contents of a corporate annual report,
Module: IV
Analyzing Financial Statements: Objectives of financial statement analysis; sources of information; standards of comparison; techniques of financial statement analysis - horizontal analysis, vertical analysis, and ratio analysis. Meaning and usefulness of financial ratios; analysis of financial ratios from the perspective of different stakeholders like investors, lenders, and short-term creditors; profitability ratios, solvency ratios, liquidity ratios, and turnover ratios; limitations of ratio analysis.
Project Details:
- Project on Preparation of Financial Statement of a Small Business.
- Project on Financial Statements of a company - From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
- Project on study of Financial Statement Analysis through excel of different Companies like TCS, TVS Motor, Tata Steel, RIL, etc.
- Project on Analysis of Budgetary Control Small Business
Text Books:
- N. Maheshwari, Suneel K. Maheshwari, and Sharad K. Maheshwari: An
- Narayanaswamy, Financial Accounting: A Managerial Perspective, PHI
.Journals:
- Indian Accounting Review
- Indian Journal of Accounting
Links to websites:
Session Plan
Session 1
Discussion of Course Contents and Session Plan
Session 2
Introduction to Accounting: Role of accounting in an organization
https://www.slideshare.net/Kapooraditya12/introduction-to-accounts-38777855
Session 3
Links of accounting with every aspect of the business - Accounting with Management, Economics, IT, Statistics, HR, Marketing and Production , Cash-based vs Accrual based accounting.
https://www.iedunote.com/accounting-relation-other-discipline
https://www.slideshare.net/spranyoto/finon-accrual-vs-cash-basis-accounting
https://drive.google.com/file/d/178hszlL-Ln90r8XzVHWDaqx6bqRXfJr5/view?usp=share_link
https://www.youtube.com/watch?v=GEZZftO_VrE
Session 4
Accounting Cycle, Basic Accounting Terms, Accounting Year, Financial Year, Basic Accounting Terms.
https://www.slideshare.net/kulbeerbumrah/accounting-cycle-32450694
Session 5, 6
Assignment for the students to list out 30 Assets, 15 Liabilities, 50 Expenses & Losses, and 15 Income & Gain.
Students' Presentation
Session 7
Accounting as an Information System, Users of Accounting information (specifically the difference in financial information required by the Board, CXO levels, field-level staff, stock exchanges, auditors and regulators, etc.
https://www.slideshare.net/Pulkitbordia/users-of-accounting-information-28518042
Session 8
Balance Sheets items, and Profit & Loss Accounts items,
Session 9
Session 10
Project on Preparation of Chart of Account of Different Companies
Students' Presentation
Session 11
Accounting Equation, Double Entry System
https://courses.lumenlearning.com/vccs-acc211-17sp/chapter/the-basic-accounting-equation/
Session 12
Project prepare balance sheet with account equation
Students' Assignment on Preparation of Balance Sheet with the help of Accounting Equation.
Practice questions:
Session 13
The Accounting Process: The Journal, the Ledger, and the Trial Balance
https://www.learnpick.in/prime/documents/ppts/details/649/journal
Session 14
The Accounting Process: The Journal, the Ledger, and the Trial Balance
https://www.learnpick.in/prime/documents/ppts/details/649/journal
https://www.youtube.com/watch?v=hJqgVxgHBGs
Material ledger: https://drive.google.com/file/d/1iKgydbSyqFU-W5Tre9vHwONycS2XvB9g/view?usp=share_link
Session 15
The Accounting Process: Trial Balance
https://www.learnpick.in/prime/documents/ppts/details/649/journal
https://www.youtube.com/watch?v=hJqgVxgHBGs
Material Trial balance: https://drive.google.com/file/d/19U9ffjkTmJft1GcXzm4zAFjffrg2IG2n/view?usp=share_link
Session 16
Subsidiary books – Purchase Book, Purchase Returns Book, Sales Book, and Sales Returns Book. Opening and Closing Entries.
https://www.slideshare.net/PrinsonRodrigues1/subsidiary-books-financial-accounting
Session 17, 18
Assignment for the Students to find out the various pieces of information required to different users of Accounting.
Students' Presentation
Session 19
The Accounting Process: The Journal, the Ledger, and the Trial Balance
Quiz ledger: https://quizzory.in/id/63d7c397937cd40974b6e9c4
Session 20
Introduction to International Financial Reporting Standards (IFRS). Understanding Accounting Standards issued by the ICAI related to Disclosure of Accounting Policies.
Session 21, 22, 23
Depreciation: Meaning Causes, Factors affecting depreciation, Methods of providing depreciation, Straight Line Method & Diminishing Balance Method
https://www.slideshare.net/vikasvadakara/depreciation
https://www.youtube.com/watch?v=6SY8s1_OEro
Depreciation Account, Revenue Recognition
Materials: https://drive.google.com/file/d/1N549Jw2RHD4TaySPUD-DcBNb0VTSoFvR/view?usp=share_link
Session 24, 25
Session 26, 27
Session 28
Profit & Loss Accounts items- Revenue, Expenses, Operating and Non-operating, Profit/Gain, EBDITA, EBDIT, DBIT, EBT, EAT, etc.
https://www.slideshare.net/ashwinprince/profit-and-loss-account-76600151
Session 29
Balance Sheets items- Types of Assets and Liabilities
Session 30
Preparation of Trading Account and Profit and Loss Account and Balance Sheet
https://www.learnpick.in/prime/documents/ppts/details/4030/final-accounts
PPT on Trading account: https://drive.google.com/file/d/1Z6QRhaYqGPTKCZaz5yYKQWEvC_IXtrOT/view?usp=share_link
Session 31
Preparation of Trading Account, Profit & Loss Account, Balance Sheet with Practice Problems
PPT on Profit & Loss account: https://drive.google.com/file/d/1itMfAOMxjRlObwicCk_2_P0DUALs5-BC/view?usp=share_link
Students' Presentation
Session 32, 33
Field studies for collecting the data for preparation of Financial Statement
Students' Presentation
Session 34
Preparation of Trading Account, 6 Profit & Loss Account, Balance Sheet in Excel
PPT on Balance Sheet: https://drive.google.com/file/d/1ma5vQC7h1b2LEBkWxBRG_H5HyE0R2oaM/view?usp=share_link
Session 35, 36
Preparation of Financial Statements: Preparing Trading Account, Profit & Loss Account and Balance Sheet with Adjustment
Students' Presentation
Material:
Session 37, 38
Cash Flow Statement: Operating, Investment and Financing Activities
https://www.slideshare.net/hitesh447/cash-flow-statement-presentation
Session 39, 40
Corporate Financial Statements, Financial Statements of a company
https://slidemodel.com/templates/financial-statements-powerpoint-template/
Session 41, 42
Project Financial Statements of a company
https://slidemodel.com/templates/financial-statements-powerpoint-template/https://www.youtube.com/watch?v=KD_cL-6jmms
Session 43, 44
Content of Annual Report
Workshop on Case Study of Tata Steel Annual Report
Students' Presentation
https://www.slideshare.net/linusxa/contents-of-an-annual-report
Session 45, 46
Project on Financial Statements of a company - From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
Students' Presentation
Session 47
Overview of Financial Statements Analysis, Business Analysis ,Types of Business Analysis, Components of Business Analysis
https://www.slideshare.net/waelsaid75/business-analysis-fundamentals-13531682
Session 48
Project on Business Analysis- From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
Students' Presentation
Session 49
Analysis of Financial Statements Meaning Significance Objectives Advantages
https://www.slideshare.net/bentot25/financial-statement-analysis-35636795
Session 50
Tools of Analysis of Financial Statements
https://www.slideshare.net/johnobote/tools-of-financial-analysis-and-control
Session 51, 52
Project on Analysis of Financial Statements
Students' Presentation
Session 53
Comparative Finance Statements Analysis
Students will prepare the comparative financial statement data in excel
Session 54
Common Size Financial Statement Analysis
Students will prepare the common size financial statement data in excel
Session 55
Trend Analysis
Students will prepare the trend analysis financial statement data in excel
Session 56, 57
Project on Analysis of Financial Statements
Students' Presentation
Session 59
Liquidity Ratios and Efficiency Ratios
Students will find out the Liquidity Ratios and Efficiency Ratios in excel
Session 60
Leverage Ratios and Coverage Ratio
Students will find out the Leverage Ratios and Coverage Ratio in excel
Session 61, 62
Profitability Ratios
Students will find out the Profitability Ratios in excel
Session 63, 64, 65
Project on Analysis of Financial Statements
Students' Presentation
Case Studies
Case Studies
Our Main Teachers
Working as an Associate Professor (Finance) in the School of Management, Centurion University, and Management, Bhubaneswar. Completed MBA from Kanchipuram University in 1998 with specialization in Finance and done Ph.D. entitled “The Impact of Inflation on Business Performance under Conditions of Limited Financial Disclosure: Case of Firms Operating in India”. Have 15 years of teaching […]
Dr. Prakash Chandra Swain M.COM, M.PHIL, PhD (Ravenshaw University) Assistant Professor (Accounting & Finance) , B.COM Coordinator, School of Management, Centurion University of Technology and Management, Jatni, Khurda, Odisha, India, PIN-752050, Bhubaneswar Campus