Management Accounting and Financial Management detailed syllabus for Industrial Engineering (Industrial) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the Industrial 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 6th Sem scheme and its subjects, do visit Industrial 6th Sem 2021 regulation scheme. For Professional Elective-VIII scheme and its subjects refer to Industrial Professional Elective-VIII syllabus 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 the other subjects of Industrial Engineering 6th Sem, visit Industrial 6th Sem subject syllabuses for 2021 regulation.
For all Industrial Engineering results, visit Anna University Industrial all semester results direct link.