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Lecture

Lecture 1234

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32 views1 page

Lecture

Lecture 1234

Uploaded by

pmanjunath2024
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Financial Accounting and Analysis

Prof. Padmini Srinivasan

Overview

Welcome to the week one of the course.

Managers and entrepreneurs need to report their performance to various stakeholders. Who are
these stakeholders? And "How they use financial information?"

This week, we will be meeting several of these stakeholders such as bankers, lenders, regulators, and
others to understand "How they use financial information?"

We will also be looking at the accounting process or the accounting system.


Business generate transactions and how they are recorded into the system is what we will be
covering next.

At the end of any process or accounting system, there is an output. Here, we have three sets of
output called the balance sheet, the income statement, and the cash flow statement.

We will be looking at these three statements and understand broadly what are its elements. After
that, we will be moving to understand what are various business transactions that get generated in
business?

For this, we will be meeting Raj in his Cafe and Mr Ramani in his business Load Controls.

We will be visiting both the Cafe and the factory to understand in greater detail "How business
operations are run and what transactions get generated into these operations?"

Once we know that, we need to understand and record these transactions.

No jargons, just simple accounting equation. We will be following the accounting equation assets
equal to liabilities plus equity and record various business transaction that get generated through
the accounting equation.

We will not be looking into the technical accounting process rather looking at that in a very simple
manner.

Hope to see you in the course and understand these elements in greater detail.

© All Rights Reserved. This document has been authored by Prof. Padmini Srinivasan and is permitted for use only within the course "Financial
Accounting and Analysis" delivered in the online course format by IIM Bangalore. No part of this document, including any logo, data,
illustrations, pictures, scripts, may be reproduced, or stored in a retrieval system or transmitted in any form or by any means – electronic,
mechanical, photocopying, recording or otherwise – without the prior permission of the author.

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