Financial Accounting - IITB

By Prof. Varadraj Bapat | IIT Bombay

Learners enrolled: 5709

This course discusses basic concepts of financial accounting and reporting. The viewpoint is that of readers of financial reports rather than the accountants who prepare them. COURSE OBJECTIVES This course is designed with the following objectives: (i) Help the participants to become intelligent users of accounting information (a) Understand the basic accounting and financial terminology. (b) Understand how events affect firm value (c) Understand how financial transactions are recorded. (d) Make the participants’ comfortable looking through financial statements (ii) Develop the ability in participants’ to use financial statements to assess a company’s performance

INTENDED AUDIENCE: Students, employees, entrepreneurs (The course will apply to participants various disciplines like Engineering, Sciences, Management, Commerce, Arts, Humanities, Heath, Medicine).

PREREQUISITES: Nil.

Summary

Course Status :	Completed
Course Type :	Elective
Duration :	8 weeks
Category :	Management Studies Minor in Management
Credit Points :	2
Level :	Undergraduate/Postgraduate
Start Date :	14 Sep 2020
End Date :	06 Nov 2020
Enrollment Ends :	25 Sep 2020
Exam Date :	18 Dec 2020 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1: Introduction and Scope of Accounting

Financial Statements

Balance Sheet 1

Balance Sheet 2

Balance Sheet 3

Week 2: Balance Sheet 4

Balance Sheet 5

Profit and Loss Account 1

Profit and Loss Account 2

Profit and Loss Account 3

Week 3: Depreciation 1

Depreciation 2

Inventory Valuation

Cash Flow Statement 1

Cash Flow Statement 2

Week 4: Cash Flow Statement 3
Cash Flow Statement 4

Cash Flow Statement 5

Corporate Governance

Corporate Governance: Global Models

Week 5: Corporate Governance: Enron Case
Accounting Standards and Principles
Evolution of Accounting
Recording of Financial Transactions
Zee Case: Profit & Loss and Balance Sheet

Week 6: Zee Case: Balance Sheet
Hindalco Case: Profit & Loss and Balance Sheet
Hindalco Case: Balance Sheet and Cash Flow Statement
Interpretation and Analysis of Financial Statements
Ratio Analysis and Interpretation 1

Week 7: Ratio Analysis and Interpretation 2
Interpretation and Analysis of Financial Statements: Shipping Corp. of India 1
Interpretation and Analysis of Financial Statements: Shipping Corp. of India 2
Interpretation and Analysis of Financial Statements: Shipping Corp. of India 3
Interpretation and Analysis of Financial Statements: Shipping Corp. of India 4

Week 8: Financial Statement Analysis: TCS Case 1
Financial Statement Analysis: TCS Case 2
Financial Statement Analysis: RIL Case 1
Financial Statement Analysis: RIL Case 2
Revision of Course

Books and references

Bapat and Raithatha, Financial Accounting – A Managerial Perspective, Mc Graw Hill, 2017.
C.T. Horngren, Accounting for Management Control: An introduction, Prentice Hall, 2018.
Ramchandran and Kakani, Financial Accounting for Management , Mc Graw Hill, 2018

Instructor bio

Prof. Varadraj Bapat

IIT Bombay

Dr. CA. Varadraj Bapat has consulting and teaching experience of 25 years in Accounting, Audit and Finance. He has obtained professional qualifications in Chartered Accountancy, Cost Accountancy, and Information System Audit before obtaining PHD from IIT, Bombay. Authored 6 books published by reputed publishers like McGraw Hills. Many Research papers are published in high impact international journals. He has done numerous research projects. He is member of Board of Governors for IIT Guwahati and NIT Manipur. He has been member of NAAC Peer team and MHRD Autonomy team.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 18 December 2020 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Bombay.It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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