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Financial accounting - IITMandi

NPTEL and Indian Institute of Technology Mandi via Swayam


This course is intended for first time students of financial accounting at undergraduate or graduate level or those who have been exposed to financials terms but haven’t had a chance to learn in a structured manner. Through well-curated content that progressively builds on conceptual learning, the course will enable a student to read and analyze financial statements of a business. The focus is to train the student on principles of accounting that drive preparation and presentation of financial statements. At the end of this course, a student will be able to understand how financial data is generated and how it can be converted into useful strategic information for stakeholders in a business.
Any Interested Learners



Week 1:A primer on business organizations and need for accounting:
Lecture No:1.1 Introduction to Accounting
Lecture No:1.2 Key accounting terms: Assets, Liabilities, Income, Expenses
Lecture No:1.3 Tutorial: Key accounting terms: Assets, Liabilities, Income, Expenses
Lecture No:1.4 Accounting equation
Lecture No:1.5 Tutorial: Accounting equation
Lecture No:1.6 Type of businesses
Lecture No:1.7 Accounting as an information system
Lecture No:1.8 Walkthrough of financial statements
Lecture No:1.9 Accounting Principles: Income Statement
Lecture No:1.10. Accounting Principles II: Balance SheetWeek 2:Fundamentals of double entry system:
Lecture No:2.1 Debit and credit
Lecture No:2.2 Types of Accounts
Lecture No:2.3 Rules of debit and credit for types of accounts
Lecture No:2.4 Tutorial: Debit, credit and rules of debit and credit
Lecture No:2.5 Journal Entries IWeek 3:Accounting Cycle: Journal Entries:
Lecture No:2.6 Journal Entries II
Lecture No:2.7 Tutorial: Journal Entries
Lecture No:2.8 Tutorial: Journal Entries II
Lecture No:2.9 Tutorial: Journal Entries IIIWeek 4:Accounting cycle: Leger Posting and Trial Balance:
Lecture No:3.1 Ledger Posting
Lecture No:3.2 Tutorial
Lecture No:3.3 Balancing the accounts
Lecture No:3.4 Tutorial
Lecture No:3.5 Tutorial
Lecture No:3.6 Transferring balances to Trial Balance
Lecture No:3.7 Errors in preparation of trial balance, Identification of erros
Lecture No:3.8 Tutorial
Week 5:Output of Accounting cycle: Final Accounts:
Lecture No:4.1 Components of Final Accounts: Income Statement and Balance Sheet
Lecture No:4.2 Format and preparation of Trading account
Lecture No:4.3 Format and preparation of P&L account
Lecture No:4.4 Format and preparation of Balance Sheet
Lecture No:4.5 Preparing final accounts from Trial Balances
Lecture No:4.6 TutorialWeek 6:Output of Accounting cycle: Final Accounts II:
Lecture No:4.7 Adjustments to final account
Lecture No:4.8 Final accounts with adjustments
Lecture No:4.9 Tutorial
Lecture No:4.10. TutorialWeek 7:Cash Flow Statement:
Lecture No:5.1 Categorization of transactions
Lecture No:5.2 Tutorial
Lecture No:5.3 Quick look at Sample CFS
Lecture No:5.4 Preparation of Cash Flow from operating activities
Lecture No:5.5 Tutorial
Lecture No:5.6 Preparation of Cash Flow from investing activities
Lecture No:5.7 Tutorial
Lecture No:5.8 Preparation of Cash Flow from financing activities
Lecture No:5.9 TutorialWeek 8:Cash Flow Statement II:
Lecture No:5.10. Preparation of Cash Flow statement
Lecture No:5.11 Tutorial
Lecture No:5.12 Adjustments in Cash flow statement
Lecture No:5.13 Cash Flow statement with adjustments
Lecture No:5.14 Tutorial
Lecture No:5.15 Tutorial
Week 9:Analysis of Financial Statements:
Lecture No:6.1 Liquidity Ratios
Lecture No:6.2 Tutorial
Lecture No:6.3 Solvency Ratios
Lecture No:6.4 TutorialWeek 10:Analysis of Financial Statements II:
Lecture No:6.5 Profitability Ratios
Lecture No:6.6 Tutorial
Lecture No:6.7 Turnover Ratios
Lecture No:6.8 Tutorial
Lecture No:6.9 TutorialWeek 11:Cost Volume Profit Analysis:
Lecture No:7.1 Theoratical foundation for break even analysis
Lecture No:7.2 Graphical representation
Lecture No:7.3 Tutorial
Lecture No:7.4 Tutorial
Lecture No:7.5 TutorialWeek 12:Techniques for Inventory Accounting and Control:
Lecture No:8.1 Theoratical foundation for economic order quantity
Lecture No:8.2 Tutorial Lecture No:8.3 ABC analysis
Lecture No:8.4 Tutorial
Lecture No:8.5 Stock accounting: LIFO, FIFO
Lecture No:8.6 Tutorial

Taught by

Prof. Puran Singh

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