Financial Accounting Course | IIT Mandi | Prof. Puran Singh | Learn Accounting Online
Course Details
| Exam Registration | 1144 |
|---|---|
| Course Status | Ongoing |
| Course Type | Elective |
| Language | English |
| Duration | 12 weeks |
| Categories | Management Studies, Minor in Management |
| Credit Points | 3 |
| Level | Undergraduate/Postgraduate |
| Start Date | 19 Jan 2026 |
| End Date | 10 Apr 2026 |
| Enrollment Ends | 02 Feb 2026 |
| Exam Registration Ends | 20 Feb 2026 |
| Exam Date | 17 Apr 2026 IST |
| NCrF Level | 4.5 — 8.0 |
Demystifying Financial Accounting: Your Gateway to Business Fluency
Financial accounting is the universal language of business. Whether you're an aspiring manager, entrepreneur, investor, or professional in any field, the ability to understand financial statements is a critical superpower. It transforms complex business activities into clear, standardized reports that reveal a company's financial health, performance, and potential. If terms like balance sheets, cash flows, and ratio analysis seem intimidating, this is your sign to start a structured learning journey.
We are excited to present a detailed overview of a comprehensive 12-week course on Financial Accounting, meticulously designed and instructed by Prof. Puran Singh from the Indian Institute of Technology (IIT) Mandi. This course is crafted to take you from fundamental concepts to practical analysis, empowering you to interpret the story behind the numbers.
Meet Your Instructor: Prof. Puran Singh
The course is led by an expert with a perfect blend of academic rigor and practical insight. Dr. Puran Singh is an Associate Professor of Finance at IIT Mandi. With over a decade of experience, his background spans from financial analysis to teaching at premier institutions like the Indian School of Business, BITS-Pilani, and IIT Mandi itself. Holding a PhD in Finance from Panjab University, he specializes in making complex financial concepts accessible to undergraduate, postgraduate, and executive-level students.
Who Is This Course For?
This course is intentionally designed for a wide audience:
- First-time learners at the undergraduate or postgraduate level.
- Professionals who encounter financial terms but lack formal training.
- Anyone interested in building a solid, structured foundation in accounting.
- Students pursuing Management Studies or a Minor in Management.
The pedagogy is built on progressively curated content that starts with core principles and advances to sophisticated analysis, ensuring you not only learn how financial data is generated but also how to convert it into strategic information.
Course Structure: A 12-Week Journey from Basics to Analysis
The course is logically sequenced to build your competency step-by-step. Here’s a breakdown of what you will learn each week:
| Week | Core Focus | Key Learning Outcomes |
|---|---|---|
| 1-2 | Foundations & Principles | Understand business organizations, the accounting equation, key terms (Assets, Liabilities), and the bedrock Generally Accepted Accounting Principles (GAAP). |
| 3-5 | The Accounting Cycle | Master the double-entry system, journal entries, ledger posting, and preparing a Trial Balance. This is the engine of financial reporting. |
| 6-7 | Final Accounts | Learn to prepare core financial statements: the Trading Account, Profit & Loss Account, and the Balance Sheet, including crucial year-end adjustments. |
| 8-9 | Financial Statement Analysis | Move from preparation to interpretation. Analyze company performance using Liquidity, Solvency, Profitability, and Efficiency Ratios. Includes a practical walkthrough of a real annual report. |
| 10-11 | Cash Flow Statement | Decode the statement of cash flows, differentiating between Operating, Investing, and Financing activities to assess a company's cash health. |
| 12 | Managerial Applications | Apply accounting knowledge to decision-making through Cost-Volume-Profit (Break-Even) Analysis and fundamentals of Inventory Control (ABC, FIFO, LIFO). |
What Sets This Course Apart?
- Structured Progression: Starts from absolute first principles, making no prior knowledge necessary.
- Practical Emphasis: Each theoretical concept is followed by tutorials and practice problems to reinforce learning.
- Real-World Application: Includes analysis of real company reports (like Reliance Industries) and explores online resources for financial data.
- Expert Instruction: Learn from an IIT professor with significant teaching and practical experience.
- Comprehensive Coverage: Goes beyond bookkeeping to include analysis and managerial applications, providing a holistic view.
Recommended Textbooks
To supplement the video lectures and tutorials, the course recommends two excellent texts:
- Financial Accounting – A Managerial Perspective by R. Narayanaswamy (PHI)
- Financial Accounting by P. C. Tulsian (Tata McGraw Hill)
Unlock Your Business Acumen
By the end of this 12-week journey, you will have transformed from a novice to someone who can confidently read, analyze, and draw insights from financial statements. You will understand the "why" behind accounting rules and the "how" of their application. This knowledge is invaluable for academic success, career advancement, and making informed personal investment decisions.
Ready to become fluent in the language of business? This Financial Accounting course by IIT Mandi provides the perfect roadmap. Enroll today and take the first step towards mastering a skill that will serve you for a lifetime.
Enroll Now →