Management Accounting and Financial Management detailed syllabus for Industrial Engineering & Management (IEM) for 2021 regulation curriculum has been taken from the Anna University official website and presented for the IEM students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Industrial Engineering & Management 6th Sem scheme and its subjects, do visit IEM 6th Sem 2021 regulation scheme. The detailed syllabus of management accounting and financial management is as follows.
Course Objectives:
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Unit I
INTRODUCTION 9
Basics of accounting – Management Accounting – Financial accounting – cost accounting -comparison of Financial accounting, cost accounting and management Accounting -generallyaccepted Accounting principles – Accounting standards – Accounting cycle.
Unit II
FINANCIAL ACCOUNTING 9
Salient features of Balance Sheet and Profit and Loss statement, cash flow and Fund flow analysis(Elementary), working capital management, ratio analysis – Depreciation.
Unit III
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Unit IV
BUDGETING 9
Requirements for a sound budget, fixed budget – preparation of sales and production budget, flexiblebudgets, zero based budgets and budgetary control.
Unit V
FINANCIAL MANAGEMENT 9
Investment decisions – Investment appraisal techniques – payback period method, accounting rate ofreturn, net present value method, internal rate of return and profitability index method-cost of capital
Course Outcomes:
Upon successful completion of the course,
- Students will acquire the ability to understand the basic concepts of accounting
- Students will acquire the ability to prepare and analyze the financial statements
- Students will acquire the ability to comprehend nuances involved in costing
- Students will acquire the ability to analyse draft budgets
- Students will acquire the ability to make sound investment decisions.
Text Books:
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Reference Books:
- Jan Williams, “Financial and Managerial Accounting -The basis for business decisions”, Tata McGraw Hill, 2010.
- Horngren, Surdem, Stratton, Burgstahler, Schatzberg, “Introduction to Management Accounting”,PHI Learning, 2011.
For detailed syllabus of all other subjects of Industrial Engineering & Management, 2021 regulation curriculum do visit IEM 6th Sem subject syllabuses for 2021 regulation.
For all Industrial Engineering & Management results, visit Anna University IEM all semester results direct link.