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FINANCIAL REPORTING AND ANALYSIS
Course Outcomes (COs):
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Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO181: Interpret and analyze financial statements. CO182: Examine the various financial reports. CO183: Analyze the company’s statements using Ratio Analysis and Cash Flows. CO184: Analyze the accounting reports and record and implement the tools of analysis in solving finance problems. CO185: Examine required accounting standards to fulfill their professional responsibilities. |
Class lectures Seminars Tutorials Group discussions
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation |
• Conceptual framework, features, purpose of financial reporting
• Users of financial reports
• Understanding financial statements of a Joint Stock Company
• Structure of Financial Statements:Introduction
• Statement of financial position (Balance Sheet)
• Statement of earnings (Income Statement)
• Statement of Cash Flows (Cash Flow Statement)
• Need for additional statements
• Auditor’s report
• Director’s reports
• Electronic dissemination
• Corporate governance
• Analysis and interpretation of financial statements:
• Comparative and common size analysis (vertical and horizontal)
• Ratio Analysis: liquidity, Solvency, activity and profitability analysis, Du Pont Analysis, Leverage Ratio
• AS 1 Disclosure of Accounting Policies
• AS 2 Valuation of Inventories
• AS 5 Profit or loss for the period, prior period items
• AS 4 Events occurring after the balance sheet date
• AS 25 Interim Financial Reporting
• Accounting for E-Commerce Business- Introduction, elements of e-commerce transactions
• Business models
• Clasification of e-commerce websites
• Revenue recognition and measurement of cost
• Indian Accounting Standard and its implications on E-commerce companies
• Integrated Reporting- Meaning, Purpose, Salient features of framework, capital and value creation
• Dave, B. B. Financial Reporting. Vrinda Publication.
• Lal, J. Financial Reporting & Analysis. Himalaya Publication.
• Maheshwari, S. N. An Introduction of financial Reporting. Vikash Publishers.
• Tulsian, P. C. Financial Reporting Concept & Framework. Sultan Chand & Sons.
SUGGESTED REFRENCE BOOKS:
• Ahuja, N. Financial Accounting & Analysis. Taxman.
• Bhattacharya, A. K. Coporate Financial Reporting & Analysis. PHI India.
• Sharma, D. G. Financial Reporting. Taxman.
e-RESOURCES:
• https://resource.cdn.icai.org/66493bos53751-cp3-u2.pdf
• https://resource.cdn.icai.org/66638bos53803-cp1.pdf
REFERENCE JOURNALS:
• IUP Journal of Accounting Research
