Accounting Course Description
Accounting and its end product, the financial statements, play an important role in the decision making at all levels of management. The course is an extension of the “Financial accounting” course offered in the first term which covers preparation of financial statements and ratio analysis. The financial statements serve as a foundation for credit and security analyses, lending and investment decisions and other decisions that rely on financial data. However, in the last decade in addition to financial data, the security market participants have relied heavily on the disclosures made by management via traditional as well as nontraditional channels. And the advent of social media has exponentially increased the avenues for management to communicate with the various stakeholders.
An effective analysis of financial statements requires an understanding of the firm’s business, the strategies of the firm and the accounting principles and procedures underlying the firm’s financial statements. The objective of the course is to help the students to develop an intuitive approach to researching, interpreting, and analyzing financial statements and other information with this understanding.
Course Outcomes& Learning levels
The course is divided into five modules with the following learning outcomes. On completion of the course, the students should be able to:
- Analyze the operations of the firm from the financial information with the help of tools and techniques of financial analysis. (Evaluate).
- Interpret and draw insights from the Income Statement (Evaluate).
- Interpret and draw insights from the Balance Sheet (Evaluate).
- Interpret and draw insights from the Cash Flow Statement (Evaluate).
- Prepare a report on firm environment and performance from consolidated financial statement and other information which incorporates and synthesizes the tools and techniques covered in the course. (Evaluate).
|Percentage of Marks
|Continuous Assessment *
|End –Term Examination
*Based on assignments / Tests / Quizzes / Case Studies / Projects / Term paper / Field visit report.