Basics of Accounting

IILM

Basics of Accounting                                                                                               PGDM Class of 2015-16

                                                                        Trimester 1 – Nov’15/Jan’16

Instructor: Dr. R Srinivasan                                                

 Cabin No.: 70, Second floor                                                

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TO DO FOR THE FIRST CLASS

Read the module plan before coming to the class as it will introduce you with the objective and purpose of this module. It shares the module overview and session plan along with the assessment to evaluate the learning through various assessment methods. The module course pack has been shared with you and you are expected to read the session readings before coming in the class.

Course Focus: What are we aiming at?

The course will help you read and interpret the language of accounts and assess the financial health of any company. The course intends to provide you with a detailed examination of an organization’s financial statements and an understanding of the different elements therein.  The need for full disclosure of information in order to assess the financial health of the organization would be stressed upon. The course intends to equip you with the ability to analyze the final accounts and identify the hidden information from the audited accounts.

The course would be taught to you through the Annual Reports of 2 companies, which would enhance your understanding and help to integrate the information provided therein.

In a nutshell we are aiming to learn:

• The basic financial reporting structure of an organization.
• Different elements of Annual Financial Reports of both manufacturing and service sector industries.
• Analyze and Interpret the Final Accounts of an organization in different ways.

The course will help you to take informed decision and formulate their strategy on the basis of the knowledge gained in this course.

Why should you do this course?

This is a core paper in Year 1, first Trimester and is the fundamental paper for all the finance and accounting courses. The paper is technical and you will be required to use MS Excel to calculate the various financial ratios from the balance sheet and P & L account. It will help you to understand and assess the financial performance of the company. This paper is a core paper for all of you; even if you decide to go into other specialization such as human resources, marketing or operations. As a manager you should be able to read the financial statements and then be able to take decisions in various departments. To help the non commerce students and also to bring everyone on the same plane we have put 8 weeks of Wharton online course comprising of videos for each week and also assessment to clarify and introduce them to the concepts of accounting.