Foundational

Financial Accounting

This course aims at developing skills to understand, evaluate and use financial information in business decision making. The course will introduce participants to the vocabulary of financial. It will develop in the participants an understanding of the important tools and techniques used in analyzing financial information.

Taught by G ARUN KUMAR

Code BSMS1202

Credits 4 Credits

Type Foundational

Prerequisites None

12-Week Roadmap

Course Structure & Syllabus

For details of standard term assessment timelines and exam structures, visit our Academics page.

WEEK 1

Basic accounting concepts

WEEK 2

The balance sheet and income statement – basics, asset vs. liability vs. equity, income vs. expense

WEEK 3&4

Balance sheet & income statement interactions, accrual accounting, inventory and depreciation accounting, contingent liability

WEEK 6&7

Tax and dividends, double bookkeeping technique

Reading List

Prescribed Books & References

Financial Accounting; Robert Libby, Patricia A. Libby, Frank Hodge (Libby)
Accounting Text and Cases: Anthony, Hawkins and Merchant (AHM)
Accounting for Management, S.K. Bhattacharyya & John Dearden, Vikas Publishing House Pvt. Ltd. Third Revised Edition, 1998
Introduction to Financial Accounting, Charles T Horngren, Prentice Hall Publication.
Financial Statement Analysis and Security Valuation, Stephen H Penman, Tata McGraw Hill Company, Third Edition.
Financial & Managerial Accounting, Jan R Williams, Susan F Haka, and Mark S. Bettner, Tata McGraw Hill Company, Thirteenth Edition.
Financial Accounting, Jane L. Reimers, Pearson Education, 2007.

Faculty & Experts

About the Instructors

G ARUN KUMAR

Professor , Department of Management , IIT Madras

Prof. G. Arun Kumar is a Professor at the Department of Management Studies, IIT Madras. He does research in the area of finance with specific focus on Corporate Valuation, Corporate Governance, and Development Finance. He has co-authored two books: one on "Management Accounting" with Prof. Robert Kaplan of Harvard Business School and Prof. Atkinson of University of Waterloo and another on "Public perception of security" which encompasses food and health security. He has worked on many development projects related to emerging economies pertaining to financial inclusion, migration and remittances, state and non-state justice systems, etc.

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