FA Syllabus in MBA – UTU Dehradun

financial accounting syllabus

Financial Accounting is an important subject in management courses like PGDM, MBA, B.com, M.com, BBA. Here we have shared all the topics that are in the syllabus of Financial Accounting in Master of Business Administration.

Why we study Financial Accounting?

accounting in mba
financial accounting

Financial accounting is the process of recording, classifying, summarizing, and reporting a company’s business transactions through financial statements.

Financial statements are the income statement, the balance sheet, the cash flow statement, and the statement of retained earnings.

These Statements are the reports that provide the detail of financial information about the organization including assets, liabilities, equities, incomes and expenses, shareholders’ contribution, cash flow, and other related information during the period of time.

Objective of Accounting

  • To maintain accounting records of the firm: Financial transactions, assets, and liabilities.
  • To calculate the results of operations: Profit & Loss Account
  • To ascertain the financial position of the business firm: Balance Sheet.
  • To communicate the information to the users of the business firm: internal users and external users.

Financial Accounting Syllabus in MBA

Syllabus of F. Accounting in Masters of Business Administration – 2 Year.

Subject Name: Financial Accounting
Subject Code: MBAT 102
Course: MBA First Semester 2020-21
University: Uttarakhand Technical University
Total Credit: 3
Internal Marks: 30
External Marks: 70
Total Marks: 100

Note: This Syllabus is as per MBA Academic Session 2020-21 of Uttarakhand Technical University, UTU Dehradun. New Scheme of Examination as per AICTE Flexible Curricula.

FA Syllabus in UTU (MBA – 2 Year)

Unit 1 – Introduction to Financial Accounting

Concepts and Conventions and Postulates of Accounting,
Accounting as a Language;
Accounting as an Information System,
Users of Accounting Information,
Role of Accounting in Economic Development.

Unit 2 – Accounting System and Process

Accounting Equation,
Transactions and their effects on Accounting and Equation, Classification of Accounts: Owner’s Equity, Revenues, and Expenses.

Unit 3 – The Accounting Process

The Journal and its Sub-division, The Ledger, The Trial Balance, The Financial Statements, Computerized Accounting, Introduction to Tally Package, Rectification of Errors.

Unit 4 – Financial Statement Analysis
The Tools of Analysis, Horizontal Analysis, Vertical Analysis, Trend Analysis, Ratio Analysis, Funds Flow and Cash Flow Analysis, AS-3(Revised).

Unit 5 –

(a) Corporate Accounting:

Financial Statement of Companies and Adjustment Entries
(An overview of Corporate Finance)

(b) Accounting: Assets and Liabilities:

Depreciation and Amortisation Inventory Valuation and Accounting,
Recent Trends in Corporate Reporting and Introduction to Indian Accounting Standards.
International Financial Reporting Standards: An overview.

Course Outcomes:

1. To demonstrate the various concepts & steps that organizations follow in Financial Accounting so that the organization can deliver the fair position of business to the interested parties and the measures that can be taken for economic development too.

2. To break down the accounting process and system through accounting equations so as to analyze the classifications of revenues and expenses.

3. To demonstrate and compare the various steps that we follow in chronological order in which the accounting entries are recorded in books of accounts& the steps to rectify the errors made while recording using the technology as a tool.

4. To synthesize the performance of the organization and analyzing the position in the market using various analysis models. And further, summarise the actual results of the business so as to how the business has performed in the year.

5. To examine the changes that occurred in the value of assets through financial statements and clarify how an organization can adapt itself with International Financial Reporting Standards.

Suggested Book/Readings :

Financial Accounting by S N Maheshwari and S K Maheshwari

MBA (First Semester) Syllabus for All Subjects

Syllabus for Principles and Practices of Management (MBA 101)

Syllabus for Financial Accounting (MBA 102)

Syllabus for Quantitative Techniques and Operation Research (MBA 103)

Syllabus for Managerial Economics (MBA 104)

Syllabus for Business Environment (MBA 105)

Syllabus for Business Law (MBA 106)

Syllabus for Professional Business Communication (MBA 107)

Syllabus for MIS and Computer Application in Business (MBA 108)