Jagannath University

Department of Accounting & Information Systems

Syllabus for MBA
Session: 2017-2018 to Onwards

Course No. Course Title Marks Credits

FIRST SEMESTER
ACCT 5101 Advanced Corporate Financial Accounting 100 03
ACCT 5102 Accounting for Management Control 100 03
ACCT 5103 Advanced Accounting Theory 100 03
ACCT 5104 Accounting Information System 100 03
ACCT 5105 Entrepreneurship Development & Enterprise Strategy 100 03
SECOND SEMESTER
ACCT 5201 Corporate Reporting 100 03
ACCT 5202 Strategic Management Accounting 100 03
ACCT 5203 International Financial Management 100 03
ACCT 5204 Accounting Research 100 03
ACCT 5205 Project Management 100 03
ACCT 5206 VIVA-VOCE 100 03
ACCT 5207 Internship Program with defense (Defense: 100 & 200 06
Report: 100)

As per the Decision of Academic Committee Syllabus Preparation Committee

Name of the Members Position

1. Professor Dr. Leyaket Hossain Mahmood Covenor
2. Muhammad Zahirul Islam FCMA, Associate Professor Member
3. Mst. Maksuda Begum, Assistant Professor Member
 DETAILED SYLLABUS
FIRST SEMESTER

Course Code: ACCT 5101

Course Title: Advanced Corporate Financial Accounting
Credit Points: 03 :: Marks: 100
Course Objectives
The course is designed to fulfill the following objectives:
i. Understanding wide range of accounting transactions in conformity with BFRS
requirements.
ii. Accounting process of business combination with due focus on related IAS and IFRS
iii. Accounting for Foreign Currency Transactions
iv. Accounting for income taxes.

1. Business Combination and Consolidations: Indentifying Business Combination,

Method of Accounting (IFRS-3), Consolidated and Separate Financial Statements,
Consolidation Procedures, Accounting for Investment In Subsidiaries, Jointly
Controlled Entities, and Associates In Separate Financial Statements, Application of
Cost Method and Equity Method in Investment (IFRS10).
2. Accounting for Foreign Currency Transactions (IAS-21 & IAS-39)
Elaboration and Definition, Reporting of Foreign Currency in The Functional
Currency, Use of Presentation Currency Other than Functional Currency, Tax Effect
of all Exchange Differences.
3. Accounting for Construction Contracts:
Summary of Regulatory Framework; Objectives and Scope of IAS 11; Key
Concepts- Construction Contract, Percentage of Completion Method; Accounting
Treatment; Presentation and Disclosure; Financial Analysis and Interpretation;
Practical Problems.
4. Impairment of Asset:
Summary of Regulatory Framework; Objective and Scope of IAS 36; Key Concepts-
Impairment Loss, Recoverable Amount, Fair Value Less Cost to Sell, Value In Use,
Pretax Discount Rate, Accounting Treatment, Presentation and Disclosure; Financial
Analysis and Interpretation; Practical Problems.
5. Earnings per Share: Summary of Regulatory Framework; Objectives and Scope of
IAS 33; Key Concepts- Ordinary Share, Dilution, Potential Ordinary Share, Options,
Warrants and Their Equivalents, Put Option, Accounting Treatment, Presentation and
Disclosure; Financial Analysis and Interpretation; Practical Problems.
6. Exploration and Evaluation of Mineral Resources
Objectives and scope of IFRS-6, measurement requirements, disclosure requirements.
7. Agriculture based on Fair Value Method
Accounting treatment by IAS-41, presentation and disclosure requirements for
agriculture activity, distinction between biological assets and agricultural produce and
their treatment, gains and losses on biological assets and agricultural produce, account
for government grants in the agricultural sector.
8. Accounting for Government Grants and Disclosure of Government Assistance
Scope, recognition and measurement, key disclosure and presentation issues
associated with using international standards for the first time.
9. Accounting for Income Taxes (IAS-12)
 Fundamental of accounting for income taxes; Accounting for net operating losses;
Financial statement presentation; Special issues; Asset-liability methods; Inter-period
tax allocation; Deferred income taxes.
Recommended Test Book

• Baker, R. E 1995. Advanced financial Accounting. 7th Edition. Mc Graw- Hill.

• Baker, R. E, V. C Lembke and T. E King. 1995. Advanced financial Accounting.
Advanced Mc Graw- Hill.
• Keiso, D. E., J.J Weygandt, T.D Warfield. 2006 Intermediate Accounting Jhon Wiley
& Sons.
• International accounting Standards Board (IASB). 2008. IFRS.
• Financial Accounting Standards Board (FASB). 1999. Accounting Standards. New
York. NY; Jhon Wiley & Sos, Inc.
• Financial Accounting Standards Board (FASB). 1999. Accounting Standards. New
York. NY; Jhon Wiley & Sos, Inc.

Course Code: ACCT 5102

Course Title: Accounting for Management Control
Credit Points: 03 :: Marks: 100

Course objectives
This particular course has been designed to fulfill three main objectives
i. To give an idea about the management control system of an organization
ii. To identify and different information need in the management control system; and
iii. To explain the impact of information on human behavior of an organization.

1. Management Control Systems

Management Control defined; Objectives of Management Control; Boundaries of
Management Control; Design of Systems; Informal systems and Formal systems;
Corporate level strategy; and business unit strategy, Goal congruence informal factors
influencing goal congruence; Types of organization.
2. Accounting Control Systems
Organizations and Accounting; Open and Closed Systems; Feedback and Feed-
forward Control; Organizational Theory and Structure; Organizational Goals;
Behavioral Consideration and Motivation; Agency Theory; Organizational Culture.
3. Strategic and Budgetary Planning
Strategic Planning; Budgetary Planning; Participation and Negotiation in Budget
Preparation; Planning and Control Budgets; Constraints on Resources; Modern
Budgeting approaches.
4. Budget Preparation
The budget preparation process; The master budget; Flexible budget; Performance
budget and Performance report; Ethical, behavioral and Implementation issues in
Budgeting.
5. Standard Costing
Development of a standard cost system; Consideration in establishment standards;
Variance computation for material, labor and manufacturing overhead; Disposition of
 variances; Investigation of variances; Responsibility for variances; Standard cost in
the manufacturing environment.
6. Profitability Analysis
Analysis of Profit-related variances; Contribution margin variances; Market share and
size variances; Profitability of segments; Profit by product line; Divisional profit;
Customer profitability; Overall profit; Short-term profitability and long-term
profitability; The impact of profit on behavior.
7. Responsibility Accounting and Transfer pricing in Decentralized Organization
Decentralization; Types of responsibility centers; Traditional vs. Contemporary
responsibility accounting, Transfer pricing in manufacturing setting; Transfer prices
for services; Multinational transfer pricing; Behavioral implications of transfer
pricing.
8. Measuring Organizational Performance
Traditional financial performance measure: Deviational profit, cash flow, Return on
investment, Residual income; Limitations of traditional measures; Non-financial
performance measures, Benchmarking; Performance evaluation in multinational
setting.
9. Budgeting and Performance Measurement in Public Sector Organization
Introduction; Budgeting in public sector organizations; Performance measurement in
public sector.
10. Behavioral Aspects of Accounting
Foundation of Behavioral accounting-Behavioral of management accounting;-
Behavioral aspects of financial accounting and reporting-Understanding the effects of
accounting; Using accounting effectively; Behavioral science and accounting
research.

Recommended Text Book

• Anthony, R.N. and V. Govindarajan, 2004. Management Control Systems. 11th
Edition. New Delhi. Tata Mac Graw-Hill Publishing Company Ltd.
• Euske, K.J. 1983. Pitate, R.L. 1987. Management Control: Planning, Control,
Measurement and Evaluation. CA: California. Addison-Wesley Publishing
Company.
• Co Puttas Wa Maaiah, K. and S. Venn. 1984. Cost-Benefit Analysis: A
Therotical and Applied Critique of Alternate Methodologies. New Delhi. Oxford
& IBH Publishing Company Ltd.
• Coats, J.C. Rickwood, and R, Stacey. 1996. Management Accounting for
Strategic and Operational Control, 1st edition. Boston. Butterworth-Heinimann.
• Emmannel, C.D. Otley and K. Merchant. 1990. Accounting for Managerial
Control. 2nd edition. London. Chapman an Hall.
• Seigal, G. and H.R Markoni. 1989. Behavioral Accounting. OH: Cincinnath.
South-Western Publishing Co.
• Solomons, d. 1965. Divisional Performance Measurement. New York. NY:
Markno Wiener Publishing, Inc.
• Burns, W.J and Dt. Decoster. 1969. Accounting and Behevioral Implications.
New York. NY: Mac Graw-Hill Book Company.
Course Code: ACCT 5103
Course Title: Advanced Accounting Theory
Credit Points: 03:: Marks: 100

Course objectives

The course has been designed to impart knowledge about development of accounting
theories; accounting theory construction and application; conceptual framework of
accounting; measurement theory and accounting measurement systems. Some allied
matters such as positive theory of accounting policy and disclosure; capital market
research and behavioral research in accounting and emerging issues in accounting and
auditing, etc. also be included in this course.
1. The history and development of accounting: Evolution of Double-Entry Bookkeeping;
The Development of accounting principles; Accounting and capitalism; Relevance of
Accounting history.
2. Overview of accounting theory:
2.1 Accounting theory construction: Pragmatic theories; Syntactic and semantic
theories; Normative theories; Positive theories; Different perspectives and Scientific
approach applied to accounting; Issues for auditing theory construction.
2.2 Appling theory to accounting regulation: The theories of regulation relevant to
accounting and auditing; How theories of regulation apply to accounting and
auditing practice; The regulatory framework for financial reporting; The
institutional structure for setting accounting and auditing standards.
3. Theory and Accounting Practice:
3.1 A conceptual framework: The role of conceptual framework; objectives of
conceptual frameworks; Developing a conceptual framework; A critique of
conceptual framework project; and conceptual framework for auditing standards.
3.2 Measurement Theory: Importance of measurement Scales; Permissible operations
of scales; Types of measurement; Reliability and accuracy; Measurement in
accounting; Measurement issues for auditors.
3.3 Accounting measurement systems: Income and capital measurement systems;
Historical cost accounting; Current cost accounting; Financial capital versus
physical capital; Exit price accounting; Value in use versus value in exchange; A
global perspective and International Financial Reporting Standards; Issues for
auditors.
4. Accounting and Research:
4.1 Positive theory of accounting policy and disclosure: Background; contracting
theory; Agency theory; Price protection and shareholder/manger agency problems;
Shareholder-debt holder/manager agency problems; Ex post opportunism versus ex
ante efficient contracting; Signaling theory; political processes; Conservatism,
accounting standards and agency costs; Additional empirical tests of the theory;
Evaluating the theory; Issues for auditors.
4.2 Capital market research: Philosophy of positive accounting theory; Strengths of
positive theory; Scope of positive accounting theory; Capital market research and
 the efficient markets hypothesis; Impact of accounting profits announcements on
shares prices; Trading strategies and Issues for auditors.
4.3 Behavioral research in accounting: Behavioral accounting research: definition
and scope; Why is BAR important? Representativeness: the evidence; Accounting
and behavior; Limitations of BAR and Issues for auditors.
5. Emerging issues in accounting and auditing: Current factors influencing accounting
and auditing research, regulation and practice; Issues surrounding the application of fair
value accounting during the global financial crisis; Possible directions in future
international accounting standard setting arrangements; Sustainability accounting,
reporting and assurance; Other non-financial accounting and reporting issues.

Recommended Text Books:

1. Godfrey, J. A. Hodgson. et al. 2010. Accounting Theory. Wiley, Australia. (7th
Edition)
2. Ahmed Riahi Belkaoui. Accounting Theory (Harcourt).

Course Code: ACCT 5104

Course Title: Accounting Information System
Credit Points: 03:: Marks: 100
Course Objectives:
The main objective of this course is to teach students the essentials of an effective information
system, which facilitates processing of accounting data and preparation of financial
information. This course will discuss a whole range of AIS topics which include basic
definitions, details of data processing, flowcharting and database management. After
successful completion of the course the students will be able to:
i. work in a team situation, where they will be able to design accounting information
systems;
ii. understand the primary information flows within business environment;
iii. understand various transactions cycles and basic accounting records in computer-based
system;
iv. have a basic understanding of ethical issues related to the use of information
technology;
v. recognize the implications of computer technology on the internal control structure.

1. Accounting Information Systems and Firm Value

Introduction; Accountants as Business Analysts; Definition of Accounting Information
Systems; the Information Environment; the Framework of AIS and the various Sub-systems;
Organizational Structure; the Role of Accountant; AIS and MIS; Accounting as a System;
Users of Accounting Information System; Management Structure Information Technology and
Corporate Strategy; the AIS and Corporate Strategy; How AIS can add value to an
Organization; Models of Decision Making; Human Aspect of the AIS; Transaction Processing;
Computer Hardware and Software in AIS; Computerized Accounting Systems; Tools to
Implement Accounting System.
2. Introduction to Transaction Processing
An overview of Transaction Processing; Transaction Cycles: Revenue and Expenditure Cycles;
Accounting Record Keeping; Audit Trial; Chart of Accounts; Different Methods of Coding;
Documentation Techniques; Computer Based Accounting Systems.
3. Documenting AIS
Importance of Documentation; Document Flow Charts; Guidelines for Drawing DFC; System
Flow Chart and DFD; System FC and Guidelines; Program FC; Decision Table; Case Tool.
4. Ethics, Fraud and Internal Control
Ethical Issues in Business; Fraud and Accountants; Internal Control Concepts and Procedures;
COSO Framework; Assessing and Managing Risk Related to AIS; Computer Fraud and
Security; Computer Based Information Systems.
5. Revenue and Expenditure Cycles
Overview of Manual Revenue System and Study of CBAS; Study of the Sales and Purchases
Sub Systems of an Organization; Overview of Purchases and Cash Disbursements; Computer
Based Purchases and Cash Disbursements; Payroll Activities; Computerized Payroll System;
Threats, Exposure and Control Procedure in the Revenue and Expenditure Cycles
6. Auditing of Computer Based Information Systems
Nature of Auditing; Internal Auditing Standard; Types of Internal Audit Work; Overview of
Audit Process; Information Systems Audit; Risk Based Audit Approach; Computer Software
and Usages; Function of Computer Audit Software; Operational Audit of Accounting
Information System.
7. Financial Reporting and Management Reporting Systems
Data Coding Systems; Financial Reporting Systems; XBRL- Reengineering Financial
Reporting; Controlling the FRS; Management Reporting Systems; Factors that Influence the
MRS.
8. AIS in Management Control
AIS Characteristics and Criteria for Management Control; AIS Data Support for Management
Control; AIS, MIS use Mix in Management Control; Accountant and Management Control
Interface; Management Control Decision Using AIS.
9. Information Technology Strategy
Enterprise Strategy and Vision; Assessment of Current and Future IT Environment; Financial
Statement and Business Implications of Electronic Commerce; IT Strategic Planning; Ongoing
Governance and Outcome Monitoring Process; Current Status of IT in Bangladesh.
10. Strategic Decisions
DSS; AIS and AI/ES: AIS in Corporate Planning; Decision Support System (DSS); Artificial
Intelligence (AI) and Expert System Operation and Evaluation.
11. Systems Organizations, Development, and Management
Approaches to System Development, AIS Development Strategies; System Development Life
Cycle (SDLC).
12. Designing and Implementing Systems
System Acquisition Methodology; Investigation and Feasibility Study; Requirements Analysis
and Initial Design; System Design; Selection; Acquisition and Development; Systems
Implementation; System Maintenance and Program Changes; Project Management: Planning,
Control Methods and Standards.
13. Evaluating Computer-Based Business Systems
Planning of System Evaluation, Evaluating the System; Communicating the Results of
Evaluations and Following Up.
14. Controls and Standards
Control Environment; System Acquisition Process and Control; Risk Assessment Processes
and Activities; Information System Processing Operations and Controls; Monitoring Processes
and Activities; Controls over Personal Systems.
15. Information Security
Importance of Security; Security of Computer Hardware and Software; Data security; Network
and Web Security; Malicious Software; Hackers and Cyber Vandalism; Computer Crime and
Cyber Terrorism.
16. The Balanced Scorecard and Business Value of Information Technology
Balanced Scorecard Framework; Framework Integrating Strategy, Operations and IT
Investments; Role of AIS/IT in a Balanced Scorecard Framework; Using a Balanced Scorecard
Management Process.
17. Evaluating AIS Investments
Economic Justification of Large IT Projects; The Business Case for IT Initiatives; Estimating
Benefits; Estimating Costs; Assessing Risks; Developing the Value Proposition.
18. E-business and Enterprise Resource Planning Systems
Introduction to E-business, E-business Model; Intra-organizational Networks and EDI, EFT,
FEDI; Effect of E-business in Value Chain; Success Factors of E-business; Encryption; Digital
Signature; Digital Certificate; Types of Network; LAN Configuration Model; Internet
Commerce; Risks Associated with Electronic Commerce; Security, Assurance and Trust;
Implications for the Accounting Profession.
Introduction to ERP; ERP System Configurations; Data Warehousing; Risks Associated with
ERP Implementation; Implications for Internal Control and Auditing.
19. Introduction to Accounting Packages
Practical Demonstration on Contemporary Accounting and Business Software like ‘Tally’,
‘ACCPAC’, ‘Quickbook’, ‘ERP Software’ and Others; Features of Accounting Package;
Making Chart of Accounts; General Ledger; Payables: Vendors, purchase, Payments;
Receivables: Customers, Sales Receivables, Payroll: Employees, Payroll, Inventory: Inventory
Transfer, Adjustment.
Recommended Text Books
Marshal B. Romney and Paul J. Steinbart. Accounting Information Systems (Printice Hall)
References
J.W. Wilkinson, M.J. Cerullo, V. Raval and B. Wong-on-Wing. Accounting Information
Systems (John Wiley and Sons).
Stephen Moscove, Mark Simkin and Nancy Bagranoff. Core Concepts of Accounting
Information Systems (John Wiley and Sons, Inc).
Ulric J. Gelinas, Jr. and Richard B. Dull. Accounting Information Systems
James A. Hall. Accounting Information Systems (South Western Cengage Learning).
M. Rahmanand M. Halladay. Accounting Information Systems: Principles: Applications and
Future Directions (Printice Hall Inc.)
K.C. Laudon and J.P. Laudon. Management Information Systems: Managing the Digital Firm
(Prentice Hall)
Vernon J. Richardson, C. Janie Chang and Rodney Smith. Accounting Information Systems
(McGraw Hill Education)
Robert L. Hurt. Accounting Information Systems: Basic Concepts and Current Issues
(McGraw Hill Education).
Course Code: ACCT 5105
Course Title: Entrepreneurship Development & Enterprise Strategy
Credit Points: 03:: Marks: 100

Course Objectives:

Strategy is developed in a context, and understanding how the organization’s external

environment and stakeholders affect strategy development is important. Context and
the internal capabilities of the organization shape the generation and evaluation of
strategic options. Implementing strategy involves tools and techniques associated with
change management. Finally, the paper requires the application of tools to assist in the
evaluation of the performance implications of a given strategy.

PART-A

1. Introduction
Definition of entrepreneurship, Historical background of the entrepreneurship (in
Japan, USA, UK, India and Bangladesh), Difference between entrepreneurs and
entrepreneurship, Types of entrepreneurship, Characteristics and qualities of
entrepreneurships in developing countries, Management Vs entrepreneurs,
Intrapreneurship and of entrepreneurship, Ethics and social responsibility of
entrepreneurs, the nature of entrepreneurship.
2. Entrepreneurial Motivation
Concept, Motivation and Entrepreneurship, Theories of Motivation.
3. Legal Issues for the Entrepreneur
Intellectual property, Need for lawyer, Patents, Trademarks, Copy rights, Trade
Sectors, Licensing, Product safety and Liability.
4. Business Plan
The Marketing plan, The Financial Plan, The organizational plan.
5. Case Studies of Successful Entrepreneurs.

PART-B
6. Interacting with the competitive environment.

a) Evaluate the key external factors affecting an organization’s strategy: Non-market

strategy and forms of corporate political activity; Stakeholder’s management; The
customer portfolio; Strategic supply chain management.
b) Evaluating the impacts of information systems on an organization: The impact of
IT (including the internet) on an organization (utilizing frameworks such as
porter’s Five Forces, the Value Chain.); Competing through exploiting
information (rather than technology), e.g. the management of data (warehousing
and mining); Contemporary developments in the commercial use of the internet.
7. Change Management

a) Advise on important elements in the change process: External and internal change
triggers (e.g. environmental factors, mergers, and acquisitions, re-organization and
rationalization); Stage models of change; Problem identification as a precursor to
change; Cultural processes of change i.e. change within the context of the whole
firm.
 b) Evaluate tools and methods for successfully implementing a change programme:
The importance of managing critical periods of discontinuous change; Tools,
techniques and models associated with organizational change; Approaches, styles
and strategies of change management; Importance of adaptation and continuous
change; Leading change.
8. Evaluation of Strategic Position and Strategic Options

Evaluate the process of strategy development: Mission Statements and their use in
orientating the organization’s strategy; The process of strategy formulation; The
identification and evaluation of strategic options; Strategic options generation
(e.g. using Ansoff’s product/market matrix and Porter’s generic strategies.); Real
options as a tool for strategic analysis; Scenario planning and long range planning
as tools in strategic decision-making; Game theoretic approaches to strategic
planning and decision-making; Acquisition, divestment, rationalization and
relocations strategies and their place in the strategic plan; The relationship
between strategy and organizational structure.
9. Implementation of Strategic plans and Performance Evaluation.

Evaluate the tools and processes of strategy implementation: Assessing strategic

performance (i.e. the use and development of appropriate measures that are
sensitive to industry characteristics and environmental factors): Critical success
factors: links to performance indicators and corporate strategy, and their use as a
basis for defining an organization’s information needs.

Reference Books:

• Robert D. Hisrich and Michael P. Peters : Entrepreneurship

• Crafting and Executive Strategy- Concept and Cases, Arthur A. Thomson, Jr., A.J.
Strickland III, John E. Gamble, and Arun K. Jain, Tata McGraw- Hill Publishing
Company Limited.
• Strategic management, Gregory G. Dess, G.T. Lumpkin, Marilyn L. Taylor, McGraw-
Hill.
• CIMA Study Material for Paper E3.
 DETAILED SYLLABUS
SECOND SEMESTER

Course Code : ACCT 5201

Course Title : Corporate Reporting
Credit Points: 03: Marks- 100

Course Objectives:

The objective of this course is to focus on recent debates over some financial
accounting issues in accounting arena. This Course covers the advanced issues on
international financial reporting standards, like, the regulatory framework for
reporting and identify key ethical issues for an accountant undertaking work in
accounting and reporting.

1. An Introduction to International Financial Reporting Standards: Development of

Accounting and Financial Reporting; Setting Accounting Standards; Need for
International Financial Reporting Standard; A Brief Overview on IASC; Objectives of
Standard Setting Under The Constitution of The IASC Foundation; A Brief Overview
on IASB- Trustee, The IASC Foundation Constitution Review, Standard Advisory
Council (SAC), International Financial Reporting Interpretation Committee, IASB
Staff, IASB Due Process.
2. Financial Reporting and Disclosure
Meanings, Forms and Arrangement of Financial Statements, Basic Questions in
Disclosure, Management Attitude Toward Disclosure, Full Disclosure, Adequate
Disclosure, Methods of Disclosure Additional Information in Financial Report (Notes
of Financial Statements, Chairman’s Speech, Directors Report, Auditors Report etc.).
3. Segment Reporting :
Summary of Regulatory Framework; Objective and Scope of IAS 14; BFRS 8 Operating
Segments, Key Concepts- Reportable Segment, Business Segment, Geographical
Segment, Segment Result, Operating Activities; Accounting Treatment, Presentation
and Disclosure, Financial Analysis and Interpretation; Practical Problems.
4. Related- Party Disclosure:
Summary of Regulatory Framework; Objectives and Scope of IAS 24; Key Concepts-
Related Party, Related Transactions, Related Party Relationship, Close Member of
The Family, Compensation; Accounting Treatment, Presentation and Disclosure;
Financial Analysis and Interpretation; Practical Problems.
5. Events after the Reporting Period
Definition of Events after the reporting period, Objective and Scope of IAS 10,

6. Interim Financial Reporting: Summary of Regulatory Framework; Objectives and

Scope of IAS 34; Key Concepts- Interim Financial Report, Condensed Balance Sheet,
Condensed Income Statement, Condensed Cash Flow Statement, Condensed Changes
In Equity Statements, Accounting Treatment, Presentation and Disclosure, Financial
Analysis and Interpretation; Practical Problems.
7. Financial Reporting In Hyperinflationary Economics
Scope and objective of IAS -29, recognition and measurement in Hyperinflationary
condition, disclosure recruitments.
 8. Accounting and reporting recruitment by Retirement benefit Plans:
Accounting and disclosure recruitments of IAS-26, terminology and definitions,
defined contribution plans, defined benefit plans, disclosure recruitments.
9. Social and Environmental Reporting
Definition, Need, Social Performance, Objectives and Standards of Corporate Social
Accounting and Reporting, Social Disclosure in annual Reports, Approaches to Social
Reporting, Various Dimensions of the Social and Environmental Reporting, Green
Reporting.
10. Ethical Issues in Financial Reporting
Fraudulent Financial Reporting, Ethical Standards for Preparing Financial Statements
and Report, Resolution of Ethical Conflict, Financial Executives International (EFI)
Code of Ethics.
Recommended Test Book

• Hawking, D.F. : Corporate Financial Reporting and analysis (Text and Cases).
New York. NY: Irwin / Mcgraw-Hill.
• Financial Accounting Standards Board (FASB). 1999. Accounting Standards. New
York. NY; Jhon Wiley & Sos, Inc.
• Financial Accounting Standards Board (FASB). 1999. Accounting Standards. New
York. NY; Jhon Wiley & Sos, Inc.
References

• Baker, R. E 1995. Advanced financial Accounting. 7th Edition. Mc Graw- Hill.

• Baker, R. E, V. C Lembke and T. E King. 1995. Advanced financial Accounting.
Advanced Mc Graw- Hill.
• International accounting Standards Board (IASB). 2008. IFRS.

Course Code : ACCT 5202

Course Title : Strategic Management Accounting
Credit Points: 03: Marks- 100

Course Objectives

1. Strategic Management Accounting: Definition; Role of Strategic Management

Accounting; Business Performance factors and their influence on management and
management accounting; Context of traditional tools and methods of management
accounting; Relationship between management accounting and management tools.
SWOT analysis.
2. Vision, Mission, Strategy, Goals and Objectives and Strategy Topology: Strategic
management; Strategic planning; Definition and concept: Vision, Mission, Goals and
objectives; Differences between vision and mission; Differences between goals and
objectives; Importance of vision, mission, goals and objectives in competitive
environment.
3. Strategic Cost Management: Target costing; Establishing a target price and its
relation with pricing strategy; Life cycle costing: context, pros and cons; Life cycle
 contribution assessment and its impact on investment projects; Standard costing and
variance analysis; Multinational transfer pricing.
4. Quality Costing, Total Quality management and Management Accounting
Systems: Quality as a competitive tool; Cost of Quality; Techniques used to analyze
quality problems; Relevant cost and benefits of quality improvement; Costs of design
quality; Nonfinancial measures of quality and consumer satisfaction; Evaluation of
quality performance; Time as a competitive tool; Time driver and cost of time;
Management Accounting Systems.
5. Accounting for Value Chain Analysis: Value chain analysis; Steps in value chain
analysis; Competitive advantage and customer value; The value chain approach for
assessing competitive advantages; Strategic frameworks for value chain analysis;
Limitations of value chain analysis; Value chain analysis Vs conventional
management accounting.
6. Responsibility Accounting: Decentralization, Advantages and disadvantages of
decentralization; Responsibility accounting system; Types of responsibility centers;
Traditional vs contemporary responsibility accounting; Limitations of traditional
responsibility accounting; Transfer pricing; Transfer price; Objectives of transfer
pricing; Transfer pricing methods; Cost-based transfer prices; Market based transfer
price; Negotiated Transfer prices; Dual transfer prices; Choosing the right transfer
methods; Transfer price for service departments, Behavioral implications of transfer
pricing.
7. Balanced Score Card, Measuring Non-financial Performance: Balance score card;
Measuring total business unit performance; The Balance score card- Financial
perspective- customer perspective- inter business process perspective- learning and
growth perspective, Four perspective and their sufficiency.

Books Recommended:

• Kaplan, R.S. and A.A. Atikson, Advanced Management Accounting, Prentice

Hall;
• Horngren, Dattar and Foster: Cost accounting-A managerial Emphasis.

Course Code : ACCT 5203

Course Title : International Financial Management
Credit Points: 03: Marks- 100

Course Objectives:

i. To acquaint students with the multinational company, their activities

international financial markets.
ii. To introduce students with the exchange rate determination for foreign direct
investment.
iii. To enable students to free cost in exchange rate, measurement of a country
risk and techniques to handle the country risk.
1. Introduction
Goal of MNC; Conflict with the MNC goal; Impact of management control; Impact of
corporate control; Theories of International business; International business methods;
Valuation model for an MNC.
2. International Flow of Funds
International Flow of Funds; Balance of payments; Current account; Capital account;
International tread flows; Factors affecting international tarde flows; International
financial institutions.
3. International Financial Markets
Motives for investing in foreign markets; Motives for providing credit in foreign
markets; Motives for borrowing in foreign markets; International money markets;
International credit market; International bond market.
4. Exchange Rate Determination
Measuring exchange rate movements; Exchange rate equilibrium; Factors that
influence exchange rates; Speculating on anticipated exchange rates.
5. Forecasting Exchange Rates
Why firms forecast exchange rates; Forecasting techniques; Evaluation of forecasting
of forecast performance.
6. Risk Measurement
Derivative securities; Hedging; Option; Feature; Foreword; Interest rate SWAP;
Currency SWAP.
7. Multinational Capital Budgeting
Subsidiary Vs parent; Input for multinational capital budgeting; Factors to consider
for multinational capital budgeting; Multinational capital budgeting.
8. Country Risk Analysis
Why country risk analysis is important; Political risk factors; Types of country risk
assessments; Techniques of assess country risk; Reducing exposure to host
government; Takeovers threats.
9. Short term Financing and Long-term Financing
Euro notes; Petro Dollars; Euro dollars; Euro commercial papers; Euro notes, Bond,
Share.

Recommended Text Book

• Jeff Madura. 2006, International Financial Management, 8th Edition,
Thomson.
• Ross. S.A. Wester field. R.W. Jafte.J. Corporate Finance, 9th Edition, Tata Mc
Graw-Hill.
References
• Brealy. R. A. Myers. S. C. Corporate Finance, 8th Edition, Tata mc Graw-Hill.

Course Code : ACCT 5204

Course Title : Accounting Research
Credit Points: 03: Marks- 100

Course Objectives:

Karl Pearson in his “The Grammar of Schence” wrote “ The unity on all science Consists
in method not in its material.” Therefore, It can be argued that there should not be any
research method specially for accounting research. It is observed that in the past
accounting researchers were not serious about the use of scientific research methods. First
time in 1979 an attempted was made made to determine the empirical research method in
accounting. It may be that accounting as a discipline may not be suitable for all types of
research methods. This course is designed to fulfill the following objectives:
 a) To review and evaluate different research methods used in accounting area;
b) To review some conceptual issues relating to research methods and methodology,
c) To review critically contemporary accounting researches.

Part- A” Issues relating to Accounting research”

1 Review of the pre-requisite course on “ Research Methodology”

Definitions of research methods and methodology; Qualitative and Quantitative
research methods; Comparative study of Definitions of research methods and
methodology; Qualitative and Quantitative research methods; Comparative study of
different research methods; Descriptive, Correlation, Causal comparative,
experimental, Quasi experimental, action research & case studies
2 The Foundation of social Research
The Research Process; Positivism; the march of science; Constructionism; the making
of meaning; Interpretirism; for and against culture and the way of hermeneutics;
critical inquiry; contemporary critics and critiques; Feminism and post-modernism.
[Crotty]
3 Traditions of Research in Finance and Accounting
The Philosophy of financial research – philosophies of accounting research –
Tdadition of research in finance, management accounting and financial accounting
[Ryan]
4 Scientific Methods
Internal Validity- External Validity- Sample selection – Assumptions and
communications
5 Induction and Deduction
Induction- Grounds of induction – observation- Experiment – Hypotheses –
Explanation- Classification Deduction – Definition- Proposition- Inference-
Syllogisms- Their types [Roy]
6 Research method in Accounting
Developing Research ideas- Theory – Literature & Hypotheses- Data collection &
Analysis – Research ethics in Accounting- Experimental Research- Survey Research
– Field Research- Archival Research- Turning Research to publication [Smith]
7 Research Design
A Framework for design- Review the literature- Research question and Hypotheses –
The use of theory- Quantitative methods- qualitative methods- Mixed methods &
procedures [Creswell]
8 Measurement and Statistical Analysis
Levels of measurement: Nominal, ordinal, cardinal and ratio- Statistical
summarization and tests applicable. Probability distributions: Normal, Poisson,
Students, Beta, binomial, Chi- Square, Exponential and distributions statistical tests:
Non-Parametric tests, Parametric tests, statistical package for social science [SPSS]

Part- B [Review of contemporary accounting research publications]

i. Behavioral Accounting Research: Issues, Budget, Participation etc.

ii. Auditing: Issues: Independence, ISA, Financial Reporting council Journal: Journal of
Management Accounting Research
iii. Cost & Management Accounting: Journal : Journal of Management Accounting
research
iv. Accounting in General: Financial Reporting Issues
a. Journal: The Accounting Review
b. Accounting Horizon
c. Journal of Accounting Research
d. Accounting, Organization & Society Abacus
v. Tax Accounting : Research relation to impacts of tax laws on the various aspects of
the society
vi. Government Accounting: Issues relating to government accounting.

References
• Abdel-Khalik, A.R; and B.B. Ajinkya. 1979. Empirical Research in Accounting: A
Methodological Viewpoint. Saranota: FL. American Accounting Association.
• Wallace, W.A. 1991. Accounting Research Methods. Homewood, IL: IRWIN.
• Smith, M.2003. Research Methods in Accounting . New Delhi. Sage Publication.
• Ryaw, B,R.W. Scapens, and M. Theo bald. 2002, Research Method & Methodology
in Finance and Accounting. Thomson.
• Hunton, J.E.Ed. 2001. Advanced in Accounting Behavioral Research. Vol.4. New
York, NY: JAI.
• Kothari, S.P.et al. 2002. Contemporary Accounting research: Synthesis and critique.
ed New York; NY: Elsevier Science.

Research Based Accounting Journals

The Journal of Accounting Research, University of Chicago. III
Journals Published by American Accounting Association
• The Accounting Review
• Accounting Horizon
• Behavioral Research in accounting
• Audition: A Journal of Practice & Theory
• Issues in Accounting Education
• Journal & Management Accounting Research

Recommended Text Books

• Kerlinger, F.N., and H.B. Lee. 2000. Foundation of Behavioral Research. 4th Edition.
Wadsworth.
• Watt, R.L., and J.L. Zimmerman. 2000. Positive Accounting Theory.
• E.S. Hendriksen. 1986. Text Bood of Deductive logic. Calcutta. S.C. Sarker & Sons
Ltd.
• Roy, B.N. 1986 Test Bood of Deductive logic. Calcutta. S.C. Sarker & Sons Ltd.
• Crotty, M. 2003 The Foundation of Social Research. Thousand oaks. CA. Sage
Publications Ltd.
• Crewell, J.W. 2003 Research Design: Qualitative, Quantitative & Mixed Methods
Approaches. Thousand oaks. CA. Sage Publications Ltd.
• Hetch, J.A. 2002 Doing Qualitative Research in Education settings. Albany. NY:
State University of New York Press.
Course Code: ACCT 5205
Course Title: Project Management
Credit Points: 03 :: Marks: 100

Course objectives
The aim of the course is to give the students a sound knowledge of the relevant
methodologies and approaches to the planning of industrial and development projects. The
course will cover all aspects of the planning process from inception to project
implementation. It will include a detailed examination of methods of identifying, appraising,
financing and monitoring development projects. The course will also focus on all aspects of
studying the techniques of social cost-benefit analysis, with a critical appreciation of their
purpose, usefulness and shortcomings.
1. Introduction: Project Types of Project Life Cycle: Project Identification- Project
Selection- Project Organization- Project Planning- Negotiation and Bidding- Conflicts
Solving.
1.1 Project Implementation- Budgeting and Cost Estimation- Scheduling- Resource
Allocation- Monitoring and Information Systems- Project Control.
1.2 Project Termination- Multicultural Projects and Unsolved Problems- Project
Auditing- Project Termination- Multicultural Environment and Unsolved Issues.
1.3 Creativity and Idea Generation- Technological Forecasting.
1.4 Feasibility Study- Project Background and History- Market and Plant Capacity-
Material Inputs- Locations and Site –Project Engineering- Plant Organization and
Overhead costs- Manpower- Project Implementation- Financial Economic
Evaluation.
2. Identification of Investment Opportunities and Project Formulation: Investment
planning of the Government- Five Year Plans & Investment schedule – Industrial
Policy- Investment Board- Foreign Collaboration & Investment Incentives Public &
Private Sector Projects- Project Ideas- Preliminary screening- Project Identification
for an existing company.
3. Market and Technical Appraisal: Market and Demand Analysis- Information
required for Market and Demand Analysis- Secondary Sources of Information-
Market Survey- Demand Forecasting- Uncertainties in Demand Forecasting.
Technical analysis- Materials and Inputs- Production Technology- Choice of
appropriate Technology- Product Mix-Plant Capacity- Location & Site- Machinery
&^ Equipment- Structures & Civil Works- Project Charts & Layouts- Work Schedule
Capacity- Location & Site- Machinery & Equipment- Structure & Civil Works-
Project Charts & Layouts- Work Schedule.
4. Cost of Project and Means of Financing of Cost of Project: Cost of Project-
Sources of Capital- Cost of Capital and Analysis of alternatives financing policies of
project- Calculation & Collection of Input information- Means of Financing-Planning
Capital Structure- Sources of Terms Loans- Financial Institutions-Capital Rationing.
5. Investment Criteria: Nature of Investment Decisions- Importance-Types of
Investment Decision-Investment Evaluation Criteria- Payback Period-Discounted
Payback period-NPV-IRR-Profitability index-ARR-NPV vs. IRR-NPV vs. PI:
 Complex investment decisions-Project with different Lives-Replacement of an
existing asset-Investment Decisions-under Capital Rationing.
Income-Tax Factors-Income Tax consideration in Capital Budgeting-Capital
Budgeting & Inflation- Project Risk & Required Rate of Return- Applicability to
Nonprofit Organizations-Implementing the Internal rate of Return Decision Rule.
6. Risk and Sensitivity Analysis: Types of risks-Measures of risks- Use of subjective
probabilities- Mathematical analysis- Methods of Measuring Risk-Approaches-
Sensitivity analysis-Simulation analysis- Decision tree analysis- Selection of project
and risk analysis in practice.
7. Social Cost Benefit Analysis: Rationale of SCBA- UNIDO Approach- Net benefit in
terms of Economic Efficiency Prices, shadow Prices- Basic Issues, Shadow Pricing of
Specific Resources/Accounting Prices- Measurement of Impact on distribution,
Income distribution impact, ML approach-Shadow prices-Shadow prices of Traded
Goods-Accounting Prices of Non-traded goods, Shadow Wage rate, Accounting Rate
of Return.
8. Project Management: Project planning & Processing Producers in Bangladesh-
Project Sanctioning Producers and its Administrative Aspects in Bangladesh- Project
Performa- TA Projects- Annual Development Programs-Cost & Time Overruns
Problems in Bangladesh- Monitoring & Evaluation of project in Bangladesh- Human
Aspect of Project Management.
9. Network Techniques for Project Management: Network Techniques for Project
Management- Pert/CPM Techniques- Network Analysis-Network Cost System-
Project Cost Control-Time/cost Tread off procedures-Resource constraint in project
scheduling.

Recommended Text Books:

• Chandra, P. 1989. Projects: Presentation, Appraisal, Budgeting &
Implementation. 3rd Edition. New Delhi. TaTa MacGraw-Hill Publishing
Company Ltd.