Financial & Management Accounting Lucknow University Solved Numerical | MBA Sem 1
Hey, Lucknow University MBA students!
“Financial and Management Accounting” (Code: IMS(CC)-103) is the language of business. Whether you want to be a CEO, an entrepreneur, or a marketing head, you need to understand how to read a balance sheet and how to use costs to make decisions.
We’ve organized the complete NEP syllabus into easy-to-understand notes, bridging the gap between financial reporting and managerial decision-making. Just click on your desired topic below to access the notes!
Unit 1: Foundations of Accounting
This unit establishes the ground rules of accounting, including the standards used globally and the ethical responsibilities of accountants.
Introduction to Accounting: Concepts, Purpose, Scope & Limitations
[View Notes]Users of Accounting Information
[View Notes]Generally Accepted Accounting Principles (GAAP)
[View Notes]Accounting Standards (AS) & IFRS (Need and Significance)
[View Notes]Ethical Dimensions in Reporting of Accounting Information
[View Notes]
Unit 2: Financial Statements & Analysis
This unit focuses on the “scorecards” of a business—the P&L and Balance Sheet—and how to analyze them to judge a company’s health.
Preparation of Income Statements (Profit & Loss)
[View Notes]Preparation of Balance Sheet
[View Notes]Contents of Corporate Annual Reports
[View Notes]Financial Statement Analysis: Ratio Analysis
[View Notes]Financial Statement Analysis: Trend Analysis
[View Notes]
Unit 3: Cash Flow Statement
Cash is king. This unit covers how to track the movement of cash in and out of a business using both methods.
Preparation of Cash Flow Statement: Direct Method (Operating, Investing, Financing)
[View Notes]Preparation of Cash Flow Statement: Indirect Method
[View Notes]Reconciliation of Net Income to Net Cash Provided by Operations
[View Notes]
Unit 4: Costing Techniques
This unit shifts to “Management Accounting,” focusing on internal costs and using techniques like Marginal Costing for decision-making.
Introduction to Costs and Costs Behaviour
[View Notes]Absorption Costing vs. Marginal Costing
[View Notes]Applications of Marginal Costing Techniques in Managerial Decision Making
[View Notes]
Unit 5: Planning, Control & Budgets
The final unit covers how managers plan for the future using budgets and control performance using variance analysis.
Budgets and Budgetary Control
[View Notes]Types of Budgets: Operating & Financial Budgets
[View Notes]Flexible Budgeting, Rolling Budget, and Zero-Based Budgeting (ZBB)
[View Notes]Variance Analysis
[View Notes]Management Control System and Responsibility Accounting
[View Notes]
📚 Keep Studying!
We hope these Accounting notes help you master the numbers game. LuNotes is your one-stop solution for all Lucknow University MBA notes. Don’t forget to check out our notes for other subjects in your semester!
[Link to MBA Principles of Management Notes]
[Link to MBA Quantitative Techniques Notes]
[Link to MBA Managerial Economics Notes]
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