T. A.

PAI MANAGEMENT INSTITUTE (TAPMI), MANIPAL

FINANCIAL ACCOUNTING

Programme: PGDM
Batch: 2019-2021
Term: 1
Course Name: Financial Accounting – ACT 5001
Credits: 2 (20 Hours)
Course Instructors: Prof. Prince Doliya (Core), Prof. Vrishali N Bhat (Core)

PART 1
INTRODUCTION
The topics of the course cover financial accounting concepts. Management students need to
understand financial data and coordinate their decision making by using such data developed by
accounting executives. This requires an understanding on how financial statements are prepared
and the assumptions in their preparations rather than a mastery of accounting techniques.

COURSE OBJECTIVES (CO):

1. Ability to prepare the financial statements
2. Ability to evaluate the economic reality of business transactions and apply appropriate
accounting measures that ensure fair representation in financial statements.
3. Develop an ability to interpret and assess financial performance of business organization

COURSE LEARNING OUTCOMES (CLO):

Upon completion of the course,

CLO 1: Students will be able to prepare financial statements - income statement, balance sheet
and cash flow statement. (PLG1)
CLO 2: Students will be able to evaluate the business context and identify appropriate
accounting
policies related to revenue recognition, inventory valuation, valuing PP & E and
depreciation.

CLO 3: Students will be able to analyse published financial statements and related disclosures.
(PLG 2)
COURSE CONTENT:

 Accounting cycle – business transactions to financial statements

 Measuring income
 Inventory Valuation
 PP & E, Depreciation/Amortisation
 Investments, Liabilities and Shareholders’ equity
 Cash flow statement
 Analysis of financial statements

PRESCRIBED TEXT BOOK:

R. Narayanaswamy (2017), Financial Accounting A Managerial Perspective (6 thEdition), New

Delhi: Prentice Hall India Learning Private Limited.

REFERENCE BOOK:
Students can also refer to other books to supplement their study:

Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant (2008), Accounting: Text and Cases,
(12th edition), New Delhi: Tata McGraw Hill.

POLICY ON PLAGIARISM:

All students should be familiar with the Institute’s policy (PGP Handbook) on academic integrity.
Plagiarism of any kind and to any extent will result in the assessment as ‘zero’ for that particular
component, with no further opportunity to improve. Repetition of the offence would result in
failure in the subject.
ASSESSMENT SCHEME AND WEIGHTAGE:

{A} END-TERM

Evaluation Weightage (%) Duration (in minutes) Open/close Book CLO Tested

Closed Book --
Mid-Term 20 90

CLO1, CLO2 & CLO3

End-Term 50 180 Closed Book

{B} OTHER EVALUATIONS:

Evaluation Unit of
S.No. Weight Time CLO
Type Evaluation

After completing 11th

1 Quiz 1 Individual 10% -
session
Group
2 Group 20% Company Analysis -
Assignment

PART 2: SESSION PLAN

Session Topic Pedagogy Reading Case

Income measurement,
Preparation of Lecture,
1
Income Statement and Problem Solving
Balance Sheet
Income measurement,
Preparation of
2 Case discussion Hamilton’s Electronics Service
Income Statement and Inc.
Balance Sheet
Income measurement,
Preparation of
3 Case discussion Monterrey Manufacturing
Income Statement and Company
Balance Sheet
Lecture, Text Book
4 Cash Flow Statement Cash Flow Statement
Problem Solving Chapter 13
Lecture, Text Book
5 Cash Flow Statement Cash Flow Statement
Problem Solving Chapter 13
Lecture, Text Book
6 Cash Flow Statement Cash Flow Statement
Problem Solving Chapter 13

7 Revenue Recognition Case discussion Double G Western Wear

Session Topic Pedagogy Reading Case
Lecture, Text Book
8 Inventory Valuation
Problem Solving Chapter 5
Long Term Assets and Lecture, Text Book
9
Depreciation Problem Solving Chapter 6
Lecture, Text Book
10 Liabilities and Equity Problem Solving Chapter
Chapter 9 ,10,11
Lecture,
Financial Statement Problem Solving Text Book
11
Analysis and Case Chapter 12
discussion
Lecture,
Text Book
Financial Statement Problem Solving
12 Chapter 12
Analysis and Case
discussion

Financial Statement Text Book Under Armour Under Pressure:

13 Case Discussion
Analysis Chapter 12 Ratio Analysis -

14 Course Review Lecture - -

PLG MAPPING FOR THE COURSE

Addressed
CLO
PLG# Program Level Learning Goal* by Course?
No.
(Yes / No)
Application of Fundamentals
PLG1 Traits: Demonstrate application of functional / conceptual YES CLO 1
knowledge to business situations
Problem Identification and Solution
PLG2 Traits: Demonstrate ability to identify a problem, critically assess YES CLO 3
various alternatives and suggest appropriate solution

Integrative Thinking
Traits: Demonstrate ability to identify inter-linkages among
PLG3 NO NA
functional areas within an enterprise and assess the impact of
external environment on its performance
Effective Communication
PLG4 NO NA
Traits: Demonstrate proficiency in Oral and Written Communication
Ethical Responsibility
PLG5 Traits: Demonstrate awareness and assess impact of ethical NO NA
behaviour on business
Leadership
PLG6 Traits: Demonstrate capability to take leadership role in a business NO NA
situation
 PART 3: SUPPLEMENTARY INFORMATION
Assignment:
The students will be required to choose any one company of their choice, download its annual
report and collected relevant information about it from other sources like company websites and
analyse the company.

*******

Faculty
Endorsed by: ___________________________
Prof. Prince Doliya Signature & Date: _____________
Signature & Date: ________________________
Prof. Vrishali N Bhat Signature & Date: ____________