This document provides the course plan for Accounting for Management (103) at Punjab College of Technical Education, Ludhiana. The objective of the course is to help students understand and analyze financial statements to evaluate financial position and performance and aid future decision making. The course spans 57 lectures covering topics such as accounting principles, preparation of financial statements, ratio analysis, cost accounting, and recent developments. Student evaluation includes assignments, presentations, tests, and internal assessments.

1. PUNJAB COLLEGE OF TECHNICAL EDUCATION, LUDHIANA
COURSE PLAN
Name of Coach:
Shilpa Jain (Shilpa228@gmail.com)
Subject Name: Accounting for Management (103)
Class M.B.A 1st Semester
Course objective: This course is basically designed for helping students to
understand and analyze the financial statements of the company. Analysis and
interpretation of financial statements is necessary to evaluate previous financial
position and performance and base for future decision making.
The course demands:
1. Your regularity in all the lectures.
2. Your commitment towards the assignments.
3. Your serious preparation for the tests.
4. Your active participation in lectures and tutorials.
5. Your initiative to prepare notes of the difficult concepts.
6. Your involvement in Group Discussions.
I shall not be able to help you, if:
1. You fall short of attendance i.e. 75% of total lectures delivered.
2. You don’t score well in MSTs.
3. You don’t buy and read recommended books of the course.
4. You copy your assignments from each other and submit them late to me.
5. You don’t take up your tests seriously.
Evaluation Criteria
Internal Assessment Break-up
Minor Test 1 5 marks
Minor Test 2 5 marks
MSE- 15 marks
Assignment- 8 marks
Presentation- 5marks
Case Study &
Class participation 2 marks
Case Studies
• Vidya Associates ( Sol of Vidya associate carry weight of 3 marks)
• Maruti Udyog Accounting Policies

2. • Nestle India Ltd. ( Understanding corporate balance sheet & Ratio analysis)
• Amit Bekhi & Co. ( Break Even Point)
• Target Costing ( A case study of Nano)
Date LECTURE CONTENTS OF THE LECTURE Assignment Test
1 Introduction
• Meaning and definition of
accounting,
• What is the need of accounting,
• Functions Accounting and
bookkeeping,
• Basic terms of accounting ( Assets,
Liabilities, Capital, Revenue,
Turnover, Debtor, Creditor)
2 Introduction
• Advantages & limitations of
accounting
• Branches of accounting
• Accounting equation
3 • Accounting equation (Practice
• Effect of business transactions on numerical)
accounting equation
(Practice numericals)
4
Principles of Accounting: Accounting
Concepts
• Business Entity Concept
• Going Concern Concept
• Revenue Realization Concept
• Cost Concept
• Dual Aspect Concept
• Money measurement Concept
5 Accounting Concepts & Conventions
• Objective Evidence Concept
• Matching Concept
Accounting Conventions
• Convention of Conservatism
• Convention of Materiality

3. • Convention Of Consistency
• Convention Of Full Disclosure
6 Recording of entries in the books of
Accounts: Journal
• Meaning of Journal
• Performa of Journal
• Rules of journal
• How entries are passed in journal
7 • Practice Of Journal Entries
8 • Practice Of Journal Entries Assignment 1
Part 1
(Comprehensiv
e numerical
9 Subsidiary books:
• Meaning of subsidiary books,
• Types of subsidiary books, Performa
of subsidiary books,
• How entries are recorded in the
subsidiary books,
• Advantages of subsidiary books
10 Classification of entries (Ledger)
• Meaning of ledger meaning of
account
• Meaning of an account, Performa of
an account
• Types of accounts
• How entries are recorded in the
accounts
• Balancing of accounts
11 Trial balance
•
• Errors, which are not disclosed by
the trial balance
• Errors, which are revealed by trial
balance
• Location of errors

4. 12 TEST 1 (Journal ,Ledger, trial balance) TEST 1
13 Case study of Financial Accounting:
Demystifying Accounting Equation of
Vidya Associate
14 Final accounts
• Meaning of final accounts:
Trading & P&L, Balance sheet
• Objective of preparing final
statements
• Performa of Trading & Profit &
Loss Account
15 Preparation of Trading and P&L account
16 Preparation of Trading and P&L account
17 Tutorial
18 Preparation of Trading and P&L account Assignment 2
(with adjustment). Final accounts
questions
Adjustments like Outstanding Income,
Outstanding Expense, Accrued Income,
Accrued Expense.
Numerical Incorporating all these adjustment
will be discussed.
19 Preparation of Trading and P&L account
(with adjustments). Adjustments like;
Depreciation, Interest on capital &
Drawings, Manager commission, loss of
stock by fire etc.
20 Preparation of Trading and P&L account
(with adjustments) Practice
21 Depreciation Accounting: Introduction,
Methods
22 Case study: Maruti Udyog Accounting
Policies
23 TEST 2 (Final Accounts) TEST 2
(Final
Accounts
24 Financial Analysis
• Meaning of Financial analysis,
• Objective of financial analysis,
• Common size financial statement
analysis,
• how these statements can be

5. interpreted
25 Comparative and trend analysis
Some basic rules to interpret financial
statements through comparative analysis
26 Ratio Analysis Assignment 3
Meaning of ratio Analysis Ratio analysis
• Types of ratios of any one
• Advantages and Limitations of ratio company listed
on stock
analysis
exchange
27 Calculation of Ratios: Liquidity ratios
(Current ratio, Quick Ratio, Acid Test Ratio)
28 Calculation of Ratios: Turnover Ratios
( Debtors Turnover, Creditors Turnover,
Inventory Turnover, Working Capital
Turnover)
29 Calculation of Ratios :Profitability ratios
( Gross Profit, Net Profit, Operating Profit,
Operating, EPS, P/E ratio, Dividend Yield)
30 Ratio analysis: Profitability ratios Practice
31 Solvency ratios/ Leverage ( Debt Equity,
Assets to debt ratio, Operating Leverage,
Financial Leverage)
32 Do Pont chart analysis
33 Technical numerical on ratio Analysis Submission of
assignment 3
34 Fund Flow Statement:
• Meaning,
• Objectives,
• Importance and
• Performa of FFS
35 Preparation of fund flow statement (simple)
36 Preparation of fund flow statement (with
adjustments)
37 Preparation of fund flow statement (with
Adjustment)
38 Preparation of fund flow statement (with
Adjustment)
39 TEST 3 (Fund Flow & Ratios)
40 Cash flow statement
• Meaning,
• Difference between cash flow & fund

6. flow statement
• Performa of cash flow statement
41 Preparation of cash flow statement
42 Preparation of cash flow statement
43 Cost Accounting:
• Meaning of cost accounting,
• Scope of cost accounting,
Classification of costs,
• Difference cost and management
accounting,
• Difference between cost and
financial accounting
44 Objectives of cost accounting, Advantages
of cost accounting, Types and techniques of
cost accounting, Methods of costing
45 Absorption Costing: Profit ascertainment,
Advantages and limitations of absorption
costing, Ascertainment of profit under
absorption costing. Meaning of marginal
costing, Features of marginal costing,
ascertainment of profit under marginal
costing and difference between absorption
costing and marginal costing
46 Meaning of marginal costing, Features of
marginal costing, ascertainment of profit
under marginal costing and difference
between absorption costing and marginal
costing
47 CVP Analysis: Break Even point and
applications of marginal costing
48 Case Study: Break Even analysis ( Amit
Bekhi & Co.) (Khan & Jain Mgt
accounting)
49 Applications of marginal costing
50 Cost Control techniques: Budget, Meaning
and need of budget, Forecasting and budget,
Difference between budgeting and
forecasting, Types of budgets
51 Preparation of Budgets : Purchase Budget &

7. Sales Budget, Production Budget, Material
& other Functional Budgets
52 Cash Budget, Master Budgets, Fixed and
flexible budgets, Zero Based Budgeting:
Meaning, concept, framework, steps &
limitations.
53
Standard Costing and Variance Analysis
Introduction , Basic Numerical of material
and Sales Variance
54 Social Accounting: Introduction Meaning
Concept, Social Accounting Models
55 Human Resource Accounting: Meaning,
need & models
56 Responsibility Accounting, Kaizen, Activity
based Costing
57 Target Costing ( Case Study of Nano)
CLASS ACTIVITES :
1. Students will collect transactions from their business of 1 month and they will
prepare journal, ledger, trial balance and final accounts.
2. Students will collect and analyse one-month passbook statement and cash book
statement.
3. Students are required to the ratio analysis of any listed company from the balance
sheet. It is an individual assignment and company should not be repeated. (Industry
Assignment)
4. There will be one session to know about how to calculate income tax.
Presentation topics:
Presentations will be based on the various industries:
• Indian automobile industry
• Indian aviation industry
• Mutual fund industry
• Introduction and working of stock exchanges of India
• Merger & acquisitions (with special reference to a particular sector)
• Trends of FDI in India
• An overview of Indian insurance industry
• A comment on banking industry
• Key operational challenges in BPO

8. • Rural marketing: Challenges, Opportunities & Strategies
• Intellectual Property Rights
• Derivative trends in India
• Indian FMCG sector
• Indian telecommunication
• Cement industry of India
• Indian Tourism
• Indian Economy in General
• Stress management
• Ludhiana Textile Industry
• Ludhiana Cycle industry
• Pharmaceutical industry of India
PUNJAB TECHNICAL UNIVERSITY
ACCOUNTING FOR MANAGEMENT (MB-103)
Max. Marks: 100
External Assessment: 60
______________________________Internal Assessment: 40
Introduction of accounting — accounting as an information system, concepts,
convention and principles of accounting,, Role of accountant in an organization.

9. Branches of accounting: Financial, Cost and Management Accounting and their inter-
relationships Accounting Cycle, Preparation of financial statements of an organization
(with adjustment)
Financial Analysis — Concepts and objectives. Tools of Financial Analysis- ratio
analysis, common size financial statements, trend analysis, fund flow and cash flow
statements.
Cost Accounting — Meaning, Scope and Classification of costs, Absorption costing,
marginal costing, break-even analysis, use of cost data in managerial decision-making.
Cost Control Techniques - Preparation of budgets and their control, Zero base
budgeting. Standard costing and variance analysis, Responsibility accounting.
Introduction to emerging dimensions in accounting — Price level accounting,
human resource accounting, Social Accounting.
Introduction to recent developments in cost management— Target costing, Kaizen
costing and activity based costing.
Recommended Text Books
S.No Author Title Publisher
1 Pandey Management Accounting Vikas
2 Maheshwari Financial Accounting Vikas
3 Horngren, Sundem Introduction to Management Prentice Hall India
4 R.K, Lele, Jawahar Accounting Theory Himalaya Lal Publishing H
5 L.S. Porwaa Accounting Theory Tata McGraw Hill
6 A.K.Vashisht J.S Pasricha Management Accounting Unistar Books Pvt.Ltd.
Cost Accounting Principles &
7 S.P.Jain, K.L Narang Practices Kalyani Publishers
8 Bhattacharyya JohnDearden Costing for Management Vikas Publishing House
Also Financial Accounting for mgt (Tata Mc Graw hill) by Ramachandran & kakani
Cengage learning and Taxman