BACKGROUND OF THE COURSE:
Business firms communicate with various stakeholders through release of financial information in the financial market. Financial reporting standards do shape when, how and where such information should be disclosed. Accounting is the language of business. To understand business, knowledge of financial reports and analysis of information therein is essential. To assess a firm’s financial performance against its own past as a benchmark and that of industry peers as an external benchmark, a student is supposed to develop an understanding of reported financials of the business in the financial market. While doing so, she is also expected to relate the analysis to market price performance, investment and credit decisions.
Keeping in mind this background of the course the following course objectives have been framed.
COURSE OUTCOMES AND PEO MAPPING:
After the completion of the course, the students are expected to achieve following Course objectives (COs) that in turn will be mapped to following Program Educational Outcomes (PEOs).
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Program Educational Outcomes (PEOs) |
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PEO1 |
Apply multidisciplinary quantitative and qualitative techniques, and knowledge of digital technologies, to analyze business scenarios |
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PEO2 |
Work effectively in teams, demonstrate leadership and data-driven decision-making skills |
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PEO3 |
Integrate theory and practice to find sustainable solutions to strategic business problems |
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PEO4 |
Demonstrate effective written and oral communication skills |
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PEO5 |
Develop cultural sensitivity and exhibit high degree of integrity and ethics in behaviour |
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Course Outcomes (COs) |
Maps to PEO |
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CO1 |
Understand recognition criteria, measurement rules, disclosure and presentation rules prescribed in GAAP for financial items in financial statements of business firms |
PEO1 |
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CO2 |
Understand implications of financial statements in terms of knowing financial health of a business entity |
PEO1, PEO2 |
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CO3 |
Develop an analytical thinking around assessment of a firm’s business against peer performance as benchmark |
PEO2, POE3 |
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CO4 |
Relate financial health of a business firm to financial market, investment and credit decisions |
PEO2, PEO3 |
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TEXTBOOK
Financial Accounting – A managerial perspective by R. Narayanaswamy, PHI
REFERENCE BOOKS
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Accounting: texts and cases by Robert N Anthony, McGraw Hill
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Financial Statement Analysis by Charles H. Gibson, CENGAGE Learning
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Financial Accounting for Business Managers by Ashsis Bhattacharyya, PHI
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Indian accounting standards of ICAI [www.icai.org]
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International financial reporting standards [www.ifrs.org]
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Hand-outs PPTs/Excel files
DURATION:
20 sessions of 90 minutes each
PEDAGOGY:
Teaching pedagogy will consist of classroom lectures, case discussions and use of financial information from annual reports by help of excel files to understand and analyse financial performance of the target company.
COMPONENTS OF EVALUATION:
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EVALUATION COMPONENTS |
Percentage Range |
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Mid-Term Examination |
20% |
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End-Term Examination |
35% |
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Quiz |
20% |
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Presentation |
5% |
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Attendance |
20% |
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Total |
100% |
- Teacher: Manaswee Samal