Financial Accounting

BFCU-01-BFE-ACC1001 – B.Com. (Hons.) Finance & Entrepreneurship 2025

B.Com. (Hons.) Finance & Entrepreneurship 2025 – Fall 2025

Course Information

Course Duration: 60 Hours

Credit Hours: 4 credits
Meetings: 30
Location: T4-M91 D, T4 Mezzanine Floor Central
Prerequisites: None
Equivalent Courses: None
Exclusive Courses: None

Instructor Information

Instructor(s): Prof. Priyam Mendiratta

Biographies: Priyam Mendiratta completed her B.Com. (Hons.) degree in 2014 and M.Com. degree
(Major in Finance & Minor in International Business) in 2016 from University of Delhi. She then
qualified CFA (USA) Level - I (June 2018) and Level - II (June 2019) on scholarship from the CFA
Institute. Thereafter, she joined the Ph.D. program at the Department of Management Studies, IIT Delhi.
Her thesis is in corporate financial decisions.
Email: [email protected]
Phone: 9582998307
Office: New FOB
Office Hours: Monday – Friday (9 AM – 4 PM) (Meetings by appointment only)
1. Course Description
The course begins with an introduction to financial accounting such as conceptual framework, principles,
concepts and conventions. Then it progresses with the accounting cycle: starting from journal entries to
financial statements. It also briefly discusses basic financial statements: profit and loss account, balance
sheet and cash flow statement, and their analysis using fundamental financial ratios. Additionally, it also
covers the treatment of capital and revenue expenditure, depreciation, and inventory valuation in financial
statements.
2. Course Intended Learning Objectives

Course Intended Learning Outcomes Teaching and Learning Assessments/ Activities

Activities

CLO1: Develop an understanding of Lectures and Discussions / Class Participation,

accounting concepts, conventions, Reading Assignments / Quizzes, Project Work and
principles and procedures that govern Solving Problem Sets Presentations, and End
how the financial statements are Term Exam
prepared.

CLO2: Appreciate the role that Lectures and Discussions / Class Participation,
accounting plays in gathering, Reading Assignments / Quizzes, Project Work and
recording, reporting and analyzing Solving Problem Sets Presentations, and End
financial information. Term Exam

CLO3: Prepare and provide a Lectures and Discussions / Class Participation,

fundamental interpretation of financial Reading Assignments / Quizzes, Project Work and
statements, their analysis and the Solving Problem Sets Presentations, and End
utility of such an analysis in decision Term Exam
making.

CLO4: Understand accounting Lectures and Discussions / Class Participation,

fundamentals and develop skills by Reading Assignments / Quizzes, Project Work and
applying these fundamentals through Solving Problem Sets Presentations, and End
practice sessions. Term Exam

CLO5: Provides an opportunity to Lectures and Discussions / Class Participation,

appreciate Indian Accounting Reading Assignments / Quizzes, Project Work and
standards that are converged to Solving Problem Sets Presentations, and End
International Financial Reporting Term Exam
Standards (IFRS) referred to as
“IndAS”
3. Scheme of Evaluation and Grading
Internals Breakup
The internals will be determined using the following components:

Assessment Task* Weightage Nature Week of Assessment

A1: Class Participation 10 Individual Continuous

A2: Quizzes (two) 20 Individual After week 4 and week 10
A3: Project Work and
20 Individual/group Week 14 & 15
Presentation

Components

1. Class Contribution (CC): This reflects not only attendance (marks may be deducted for
unexcused absences) but your contribution to classroom discussion. This is not equivalent to an
individual’s “air-time’ but reflects the quality of questions and answers, comments, and factual
observations. You are expected to be well-prepared for class and constructively participate in class
discussions. I will ‘cold-call’ in class, and your responses will affect your class participation
grade. I expect you to come to class precisely on time, be well prepared, and to make quality
contributions to class discussions. Repeatedly failing to meet this expectation will lead to CC
marks being deducted. Attendance will be taken through roll call. Attendance will not be given to
students arriving in class after the session is scheduled to begin or for attending only part of the
session.
2. Quizzes: There will be two quizzes conducted during the semester covering the concepts that
have been discussed in class up to the point of the quiz. This will be a multiple-choice quiz.
3. Project Work and Presentation: There will be one assignment and case presentation conducted
during the semester. Assignment and case would be related to the concepts covered in class.

External Breakup

Assessment Task* Weightage Nature Week of Assessment

A3: End Term 50 Individual End of Semester

*The details of each evaluation component will be shared by respective faculty member well in
advance during the class discussion. The assessment components are subject to change with prior
information to students by respective faculty members.
Grade Definition
The schema of the grade sheet may change. Students will be informed well in advance of any
changes in the schema of the grade sheet.
Letter Percentage Grade Grade Definitions
Grade Of Marks Value
O 80 and above 8 Outstanding: Exceptional knowledge of the
subject matter, thorough understanding of issues;
ability to synthesize ideas, rules and principles and
extraordinary critical and analytical ability.
A+ 75-79 7.5 Excellent: Sound knowledge of the subject matter,
thoroughunderstanding of issues; ability to synthesize
ideas, rules and principles and critical and analytical
ability.
A 70-74 7 Very Good: Sound knowledge of the subject matter,
excellent organizational capacity, ability to synthesize
ideas, rules and principles, critically analyse existing
material and originality in thinking and presentation.
A- 65-69 6 Good: Good understanding of the subject matter,
ability to identify issues and provide balanced solutions
to problems and good critical and analytical skills.
B+ 60-64 5 Fair: Average understanding of the subject matter,
limited ability to identify issues and provide solutions
to problems and reasonable critical and analytical
skills.
B 55-59 4 Acceptable: Adequate knowledge of the subject matter
to go to the next level of the study and reasonable
critical and analytical skills.
B- 50-54 3 Marginal: Limited knowledge of the subject matter
and irrelevant use of materials, and poor critical and
analytical skills.
P1 or C 45-49 2 Pass 1: Pass with Basic understanding of the subject
matter.
 P2 or D 40-44 1 Pass 2: Pass with Rudimentary understanding of the
subject matter.
F Below 40 0 Fail: Poor comprehension of the subject matter; poor
critical and analytical skills and marginal use of the
relevant materials. Will require repeating the course.
P Pass ‘P’ represents the option of choosing between
Pass/Fail grading system over the CGPA grading
system in the COVID 19 semester in Spring 2020. The
option is provided when students attain a minimum of
40 percentage marks under the current grading
structure in a given subject.
I Incomplete Extenuating circumstances preventing the student from
completing coursework assessment or taking the
examination; or where the Assessment Panel at its
discretion assigns this grade. If an “I” grade is
assigned, the Assessment Panel will suggest a schedule
for the completion of coursework or a supplementary
examination.

4. Academic Integrity
Academic Honesty, Cheating, and Plagiarism:
Learning and knowledge production of any kind is a collaborative process. Collaboration demands
an ethical responsibility to acknowledge who we have learnt from, what we have learned, and how
reading and learning from others have helped us shape our own ideas. Even our own ideas demand
an acknowledgement of the sources and processes through which those ideas have emerged. Thus,
all ideas must be supported by citations. All ideas borrowed from articles, books, journals,
magazines, case laws, statutes, photographs, films, paintings, etc., in print or online, mustbe credited
with the original source. If the source or the inspiration of your idea is a friend, a casual chat,
something that you overheard, or heard being discussed at a conference or in class, even they must
be duly credited. If you paraphrase or directly quote from a web source in the examination,
presentation or essays, the source must be acknowledged. The university has a framework to deal
with cases of plagiarism. All form of plagiarism will be taken seriously by the University and
prescribed sanctions will be imposed on those who commit plagiarism.
Participation / Attendance Policies:
• Pre-reads are essential in understanding the class discussions. It is mandatory to come prepared
for every class.

• Participants must carry a calculator in every class. Cell phones are no substitute for a calculator.

• Students are strongly advised not to miss classes, as all the topics are interlinked. If students miss
any class, it’s their responsibility to acquaint themselves with the class/course progress.

• JSBF School Attendance Policy is applicable.

1. Keyword Syllabus
Financial Accounting, Accounting principles, Concepts and Conventions, Accounting Standards, Assets
and Liabilities, Shareholder Equity, Capital Expenditure (and Receipts), Revenue Expenditure (and
Receipts) and Deferred Revenue Expenditure and Balance Sheet, P&L Account, Cash Flow Statement,
Depreciation, Depletion, Amortization and Inventory.

2. Course Material
Horngren, T.C., Sundem, G.L., Eliott, J. A., Philbrick, D.R. Financial Accounting (11th ed.), Global
Edition, Pearson. *
*Additional material and exercises will be distributed before or in the class as required.

3. Session Plan

Session Details CLOs Covered

Session 1-2
Introduction to Financial Accounting: Conceptual Framework:
Objective of the Accounting principles, Concepts and Conventions Introduction
session to Accounting Standards and Indian Accounting Standards (AS CLO1
& Ind AS)
Readings Chapter 1 & 2, Charles T Horngren
Pedagogy Lecture and Discussion
Session 3-6
Objective of the
Recording Transactions: The Business Equation
session CLO1 & CLO2
Readings Chapter 3, Charles T Horngren

Pedagogy Lecture, Discussion, and Problem Solving

Session 7-10
Objective of the
Assets and Liabilities and Shareholder Equity
session CLO1 & CLO2
Readings Chapter 9 & 10, Charles T Horngren
Pedagogy Lecture, Discussion, and Problem Solving
Session 11-12
Financial Statements (overview) Capital Expenditure (and
Objective of the
Receipts), Revenue Expenditure (and Receipts) and Deferred
session CLO 3 & CLO4
Revenue Expenditure and Balance Sheet
Readings Chapter 4, Charles T Horngren
Pedagogy Lecture, Discussion, and Problem Solving
Session 13-16
Depreciation Accounting: Accounting for Plant Property and
Objective of the Equipment & Depreciation: Meaning of Depreciation,
session Depletion and amortization, Objective and Methods of CLO 3 & CLO4
depreciation
Readings Chapter 8, Charles T Horngren
Pedagogy Lecture, Discussion, and Problem Solving
Session 17-20
Inventory Valuation: Meaning, Significance of Inventory
Objective of the Valuation, Inventory Record System-Periodic and Perpetual,
session Methods of Inventory Valuation- FIFO, LIFO and Weighted CLO 3 & CLO4
Average
Readings Chapter 7, Charles T Horngren
Pedagogy Lecture, Discussion, and Problem Solving
Session 21-24

Understanding Cash Flow Statements:

Objective of the
Operating, Investing, and Financing activities
session CLO 3 & CLO4
Reporting of non-cash investing and financing activities

Readings Chapter 11, Charles T Horngren

Pedagogy Lecture, Discussion, and Problem Solving
Session 25-26 CLO 3 & CLO4
Objective of the Financial Statement Analysis:
session Activity, Liquidity, Solvency, Profitability, and Valuation ratios
Readings Chapter 12, Charles T Horngren
Pedagogy Lecture, Discussion, and Problem Solving
Session 27-28
Objective of the
Overview of Annual Report
session CLO5
Readings Handouts and cases
Pedagogy Lecture and Discussion
Session 29-30
Objective of the
Revision
session
Readings Review of required text and key sections
Pedagogy Lecture and Discussion