The course provides an introduction to financial accounting and emphasizes the analysis and

evaluation of accounting information as part of the managerial processes of planning, decisionmaking,

and control. A large aspect of the course covers the fundamentals of financial accounting.

The objective is to provide a basic overview of financial accounting, including basic accounting

concepts and principles, as well as the structure of the income statement, balance sheet, and

statement of cash flows. This course is recommended for students who will be using accounting

information for managing manufacturing and service operations, controlling costs, and making

strategic decisions, as well as those going into general consulting or thinking of starting their own

businesses.

Course Outcomes:

CO 1: Learn the basics of Financial Accounting.

CO 2: Understand various analytical procedures and application of Financial analysis.

CO 3: Understand and apply various financial ratios

CO 4: Understand Horizontal, Common-Size and Trend Analysis

CO 5: Understand the Accounting Standards and IFRS