MBA

Accounting for Managers

A. Course Details
Course Title Accounting for Managers
Course Code SLAC501
Academic Year 2025-26
Semester 1
Credits 3
Core/Elective Core

B. Instructor Details
Instructor Name C.Padmavathi
Office Location F202
Consultation Hours Friday 10.00 to 11.30
Email ID [email protected]
Faculty Profile

C. Course description:
The course focuses on the detailed understanding of accounting concepts and principles along with
their relevance in the changing global business environment. The course would enhance the conceptual
knowledge of the student with respect to basic accounting principles and concepts. The course would
also enhance the students' critical thinking with respect to the preparation of financial statements, like
statements of profit and loss, balance sheets, and cash flow statements, as per the present regulatory
requirements. The course provides an understanding of the important accounting standards including
Indian accounting standards (Ind AS) US GAAP and IFRS. It gives an understanding about basic cost
concepts and classification of costs to enable the students to have an insight into the subject. It covers
the break-even analysis and decision-making alternatives for the short term, emphasizing on the
evaluation and selection of a feasible alternative for the business.

D. Course Objectives:
The course aims to achieve the following objectives:
1. Equip students with a thorough understanding of the fundamental elements, concepts, and
principles essential for financial statement preparation and presentation.
2. Guide students in applying appropriate inventory valuation and depreciation techniques in
compliance with financial reporting standards.
3. Teach students how to construct key financial reports, including the Statement of Profit or Loss,
Balance Sheet, and Cash Flow Statement, in accordance with regulatory norms.
4. Facilitate the development of students' proficiency in classifying costs based on nature,
function, behavior, and control while analyzing cost behavior in relation to volume and
profitability.
5. Train students to evaluate alternative short-term decision-making scenarios using relevant cost
analysis techniques to enhance managerial decision-making.
E. Expected Learning Outcomes: At the end of the course a student will be able to:

CLO1: Demonstrate an understanding of the various elements, concepts, and principles governing
the preparation and presentation of financial statements.
CLO2: Apply appropriate methods for inventory valuation and depreciation in financial reporting.
CLO3: Construct the Statement of Profit or Loss, Balance Sheet, and Cash Flow Statement in
compliance with regulatory norms.
CLO4: Classify costs based on nature, function, behavior, and control, and analyze cost behavior
concerning volume and profitability.
CLO5: Evaluate alternative short-term decision-making scenarios using relevant cost analysis
techniques.

F. PLC-CLO Alignment Table

Program Learning Course Learning Outcome (CLO) Assessment Method

Goals (PLG)

PLC-1: Conceptual CLO1, CLO2, CLO3 Analytical exercises,

Knowledge case discussions, and
Examination
PLC-2: Critical CLO2, CLO3, CLO4, CLO5 Case discussion and
Thinking Examination

G. Recommended Textbooks and Resources

● Financial and Management Accounting by Warren, Jones and Tayler (Adapted), 15e (revised),
2025, Cengage
● Accounting Text and Cases by Robert Anthony, David Hawkins and Kenneth Merchant (AHM),
13/e.
● Framework for Preparation and Presentation of Financial Statements (Issued by ICAI)
(http://www.mca.gov.in/XBRL/pdf/framework_fin_statements.pdf)
● Accounting Standards (AS) – Issued by ICAI (http://www.icai.org/post.html?post_id= 8660)
● Introduction to Management Accounting by Horngren, Sundem, Stratton, Burgstahler and
Schatzberg (14th Edition), Pearson
● Selected ICMR Cases
● Supplementary Readings and Handout provided during the course.

H. Detailed Course Schedule:

 Activity (Case / Cases/ Notes/ Key Concepts Covered
Sessio Topics Discussion / Role Articles
Chapter
n No. Covered play / Analysis (Source and
exercise) details)
Meaning of accounting,
ICAI
types of information
Framework
required for accounting,
Overview of https://resource
1 Discussion importance of accounting, Ch-1, 2
Accounting .cdn.icai.org/6
users of accounting
0915asb49580.
information, accounting
pdf
cycle
Overview of Balance
Sheet: Assets, Liabilities
and Owner’s Equity;
Balance Sheet:
Basic Accounting
Concepts,
Discussion and concepts: Money
2-3 Terminology Ch-1
Analysis exercise Measurement Concept,
and Treatment
Entity Concept, Going
Concern Concept, Cost
Concept, The Dual Aspect
Concept,
Overview of Statement of
Profit and Loss: Revenue;
Cost of Sales, Gross
Margin, Expenses, Gains,
Net Profit, Retained
Statement of Earnings, Basic
Profit and Loss: Accounting concepts:
Concepts, Discussion and Accounting Period
4-5 Ch-1
Terminology Analysis exercise Concept, Conservatism
and Treatment Concept, Realization
Concept, Matching
Concept, Consistency
Concept, Materiality
Concept, Accrual Concept
and Full Disclosure
Concept
Case:
Transaction Accounting Understanding the
Analysis using dilemma of changes in different
Discussion and
6 Accounting Shreya accounts using accounting Ch-3
Analysis exercise
Equation Singhal- for equation
Approach transaction
analysis
Understand different types
Case: Kanika’s
Journal entries of accounts; Rules of
Accounting
7-8 using traditional debit and credit for these Ch-3
Dilemmas- for
approach accounts; Journalizing the
journal entry
transactions
Classifying the Discussion and Understand the method of
9 Ch-3
transactions Analysis exercise preparation of ledger
 Understand various types
of inventories like RM,
WIP and Finished goods;
Discussion,
Able to calculate
Inventory Analysis exercise Case: Aarav’s Ind AS-2
10-11 inventory using First-in-
valuation and Case dilemma Ch-6
first-out (FIFO) and
Discussion
weighted average
methods; Understand the
accounting standard
12 TEST-1
Understand the difference
between tangible and
intangible assets;
Discussion, Case:
Depreciation Necessity of depreciation;
Analysis exercise Depreciation
13-14 and Various methods of Ch-7
and Case Accounting at
amortization depreciation like Straight
Discussion HIEML
Line Method (SLM) and
Diminishing Balance
Method (DBM)
Case: Ascertainment of the
Provisional Arithmetical Accuracy;
Trial balance Discussion, Sch-III from
Final Accounts Understand requisite
Statement of Analysis exercise MCA
15-16 of Triveni format of statement of
profit and loss and Case website
Engineering profit and loss; Statement
Balance sheet Discussion Ch-5, 8, 9
Limited of changes in equity;
Balance sheet
Comprehensive Preparation of final
Problems on statement
Discussion,
17-19 preparation of Ch-8, 9
Analysis exercise
financial
statements
Learning and appreciating
about cash flow statement
being a derivative of
Income Statement of
Case: Cash
Discussion, profit and loss and
Preparation of Flow Ch-10
Analysis exercise Balance Sheet; Learning
20-23 cash flow Statement of Ind AS-7
and Case how and why a company
statement Raj Kamal
Discussion can be cash rich yet
Limited
unprofitable and vice-
versa; Able to prepare
cash-flow statement for a
company
Understand how to read
annual report; Letter to
shareholders; Directors
Annual report Report; Financial
24 Annual Report Discussion of Tata Steel Highlights; Management Ch-8
2024-25 discussion analysis; Notes
to financial statements;
Auditor’s report;
Corporate governance
 report; Financial
Highlights; Management
discussion analysis; Notes
to financial statements;
Auditor’s report;
Corporate governance
report
25 TEST-2
Cost Cost information;
26 Discussion Ch-11, 12
classification Different types of costs
Understand how fixed and
variable costs behave;
Discussion,
Cost behavior Case: When Apply break even
Analysis exercise
27-28 and will Paneeyam analysis; Comprehend Ch-13
and Case
management Break Even? CVP analysis and apply to
Discussion
plan future sales, costs
and profits
Case: Decision Decision making based on
making the alternative choices
dilemma at available
Bacticura
Discussion,
Limited
Decision Analysis exercise
29-31 Case: CVP Ch-14, 15
making- and Case
Analysis -
Discussion
Profitability
Assessment
and Production
Planning
Impact of Introduction to Tally
32-33 Technology in Analysis exercise
Accounting

I. Assessment and Evaluation

Assessment Planned Weightage PLC(s) Assessed

Component Session/Timing (%)
Test 1 Session 11 15% PLC 1
Test 2 Session 26 15% PLC1, PLC2

Test 3 / Project Session 30 20% PLC1, PLC2

Work
Class Participation Ongoing 10% PLC1, PLC2
(Throughout
Course)
Comprehensive End of Semester 40% PLC1, PLC2
Exam
Total - 100% -
AI Policy:
IBS Hyderabad encourages responsible use of AI tools to enhance learning; however students should
adhere to ethical standards when using AI for academic work. Submitting any academic work
generated by AI tools without modification, analysis or attribution is considered unethical and will be
dealt with seriously as it goes against the academic integrity and severely impairs several of the
program learning goals like critical thinking and digital proficiency. Usage of AI in any capacity must
be explicitly disclosed with proper citations.

Expectations from Students:

a. Students must report to the respective sessions well before the announced time. Latecomers will
not be permitted to join the class after the scheduled time. If late, the attendance for that session
will be marked as absent.
b. Read the Case Study / material well prior to the class discussion. He/she is also expected to read
the chapter indicated in the course plan as the faculty directs.
c. In the class discussion student is expected to participate actively and contribute to individual and
group learning. Evaluation is based on active participation.

Use and Adoption of Software/Analytical Tools/Packages:

All the software/analytical tools/packages subscribed by the institute can be used widely for regular
learning and also project work. The institute offers access to various online databases through
KNIMBUS platform. Any other tools/packages to be used shall not infringe copyright of the provider.

Plagiarism policy:
Any infringement of copyright/patent/trademark is not appreciated and shall be viewed seriously. The
students are suggested to take proper help/support from the faculty members in this regard. So that
they don’t get into this infringement aspect knowingly/unknowingly.

Project Work/Report Guidelines:

The design thinking aspect has been a part of the project work in terms of giving flexibility to the
students for working on the project. The following are the guidelines/instructions to be followed for the
project work/report.
● Students will be made into groups of 4 by the faculty member.
● Students need to visit the website of the company allotted and go through all the contents of the
annual report.
● Students need to understand and thoroughly study the contents of the annual report. They should
study the quantitative reports like statement of profit and loss, Balance sheet, statement of changes
in equity and cash flow statements. In addition, they should also go through the qualitative reports
like directors’ report, management discussion analysis, audit and corporate governance report.
● The report should be hand written on A4 sheets, with margins of 1 inch each on all 4 sides, written
on both sides of the sheet, with proper headings for each of the components, with proper title page
(including title, details of all students of the team, contribution of each student, team number and
company).
● Students shall meet the deadline for Project Submission.
● Plagiarism is strictly prohibited.
The following are the four components of the project report:

Explain how the following calculations have been made with the help of notes to statements of SOPL,
BS, CFS and compare and comment on the reasons for changes (increase/decrease) from the previous
year information.
1.Statement of profit and loss: (5marks)
a. Revenue from operations and total revenue
b. Cost of material consumed
c. Employee benefit expenses
d. Depreciation and amortization
e. E.P.S and diluted E.P.S
2.Balance sheet (5 marks)
a. Shareholders’ funds
b. Noncurrent liabilities
c. Property, Plant & Equipment
d. Trade receivables and payables
e. Cash and cash equivalents
3.Cash flow statement & Statement of Changes in Equity (5 marks)
Cash flows from:
a. Operating activities
b. Investment activities
c. Financing activities
Changes in:
d. Shareholder funds
e. Other Equity
4. Notes on the following qualitative reports (5 marks)
a. Chairman’s report
b. Directors’ report
c. Management Discussion & Analysis
d. Auditors report
e. Corporate Governance report
f. BRSR Report
Placement Preparedness

Sr. Name of the company Role/ Designation Concepts and skills associated with the
No course
1 Acuite Ratings & Rating Analytical Understanding of financial statements,
Research role which includes of P&L, balance sheet, and
different qualitative reports of an annual
reports.
2 Wells Fargo Finance support team Knowledge of Accounting concepts (US
GAAP and IFRS). Cost and expense
reporting. Preparation of Balance Sheet and
Income Statement.
3 Decimal Point Business Scientist Basics of Accounting.
4 AAJ Optimising Senior Management ● Record accounts payable and accounts
Supply Chain Trainee (Finance) receivable.
● Maintains an accurate filing and record
keeping system for all financial
statements and company documents.
● Update internal systems with financial
data.
● Prepare monthly, quarterly and annual
financial reports.

5 Deloitte Tax Consultant ● Prepare financial statements from

the relevant accounting system as per
relevant processes.
● Strong understanding of accounting
concepts.

6 SMFG India Home Evaluate the cash flow statement and

Management-
Finance Company financial reports.
Trainee – Credit DF
Limited
7 Analyze monthly results, maintaining
Executive Trainee-
Tata Power project wise accounts and maintaining
Finance
project wise profitability.
8 Mahindra Finance MT-Fixed Asset Knowledge of different types of fixed assets
Management and calculation of depreciation.
9 Verity Analyst Deep rooted understanding of financial
concepts relating to financial statement
analysis, inter-linkages
among the three financial statements and
the ability to interpret the same.