MOULDING ACCOUNTING FOR MANAGERS

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MOULDING ACCOUNTING FOR MANAGERS
Apply yourself. Get all the education you can,
but then...do something. Don't just stand there,
make it happen. - Lee Iacocca

• Dr. Jatin PancholiWebsite http//www.jatinpancho
  li.com

Dr. Jatin Pancholi has compiled and prepared this
note from various sources, as the basis for class
discussion rather than to illustrate either
effective or ineffective handling of a management
situation. The handling of a management
situation requires personal guidance by a
professional. To obtain copies, request
permission to reproduce and to send feedback,
please contact via website http//www.jatinpanchol
i.com. Those wishing to co-author next edition of
this handout are requested to contact via the
website.
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Those who know accounting will write. Those who
do not, will hold the lamp
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Intricacies of MBA ?

• Objective is to train young minds for business
  environment.
• Develop their analytical skills and the
  communication skills they possess.
• Accounting is the language of business.

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Admission Components in MBA

• Components of the admission test Written Test,
  Group Discussion and Personal Interview.
• 30 odd courses and spread over four semesters
  (six trimester in some institutes) consists of
  Lectures, Group Discussions, Projects, Viva,
  Presentations, Quizzes, Seminars, etc. as a part
  of the academic requirements.
• 'MBA is a special generalist'

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Accounting in MBA

• Management Accounting.
• 'Big-Bang'
• The language cannot be learnt without learning
  grammar.
• Accounting Grammar in forms of jargons,
  concepts and buzzwords.
• A Great Divide
• Accounting is not just a number game.

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MANAGERS' WISH LIST

• 1) Pragmatism
• practical knowledge, application of the theory
• 2) Integration
• not a 'Stand alone'

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MANAGERS' WISH LIST(contd.)

• 3) Technology
• Microsoft Excel, FoxPro, Tally, Profit, CMIE
  Prowess, Capita Stock Ole, Capita Clips, etc.
• 4) Cognition
• MBA is not a 'Fault Finder' but an analyser and
  creative 'Solution Finder'
• 'Think outside the Box'.

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PEDAGOGIC TOOLS

• Annual Report is the best text book
• 1) Lectures
• 45 sessions (30 in case of trimester system) of
  1¼ hours each.
• 'Cushion' needed due to diversity of audience.

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PEDAGOGIC TOOLS (contd.)

• 2) Case Studies
• Case is a management situation wherein several
  issues emerge out of the discussion, which is
  generated in the classroom.
• The objective is to develop analytical ability
  among students and enhance written oral
  communication skills.

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PEDAGOGIC TOOLS (contd.)

• 3) Projects Presentations
• Annual Reports available and other secondary data
  sources.
• Analysing financial health.
• Documentation Oral Presentation.

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PEDAGOGIC TOOLS (contd.)

• 4) Quizzes Assignments
• Unannounced Quizzes
• 'Pre-Lecture Readings'
• 'Peer Tutoring'
• Research Associate or Teaching Associate can be
  utilized.

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PEDAGOGIC TOOLS (contd.)

• 5) Newspaper Magazines
• 'Collective Reading'
• 'Knowledge Workshop'

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EXAMINATION EVALUATION

• Transparent Evaluation.
• Concepts rather that complicated procedures.
• Weightage to class participation, project
  presentation to improve the communication skills
  of MBA students.
•  'Knowledge is never a destination'

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THANKS FOR A PATIENT VIEWING
Dr. Jatin Pancholi Website http//www.jatinpanch
oli.com
Dr. Jatin Pancholi has compiled and prepared this
note from various sources, as the basis for class
discussion rather than to illustrate either
effective or ineffective handling of a management
situation. The handling of a management
situation requires personal guidance by a
professional. To obtain copies, request
permission to reproduce and to send feedback,
please contact via website http//www.jatinpanchol
i.com. Those wishing to co-author next edition of
this handout are requested to contact via the
website.