Advanced Management Accounting-I

Paper Code: 
BCP-313
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
9.00

I Cost Management
(a) Developments in the business environment; just in time; manufacturing resources
planning; (MRP); automated manufacturing; synchronous manufacturing and back flush
systems to reflect the importance of accurate bills of material and routings; world class manufacturing; total quality management.
(b) Activity based approaches to management and cost analysis
(c) Analysis of common costs in manufacturing and service industry
(d) Techniques for profit improvement, cost reduction, and value analysis
(e) Throughput accounting
(f) Target costing; cost ascertainment and pricing of products and services
(g) Life cycle costing
(h Shut down and divestment.

9.00

II Cost Volume Profit Analysis
(a) Relevant cost
(b) Product sales pricing and mix
(c) Limiting factors
(d) Multiple scarce resource problems
(e) Decisions about alternatives such as make or buy, selection of products, etc.

9.00

II Pricing Decisions
(a) Pricing of a finished product
(b) Theory of price
(c) Pricing policy
(d) Principles of product pricing
(e) New product pricing
(f) Pricing strategies
(g) Pricing of services
(h) Pareto analysis

9.00

IV Budgets and Budgetary Control
The budget manual, Preparation and monitoring procedures, Budget variances, Flexible
budgets, Preparation of functional budget for operating and non-operating functions, Cash
Budgets, Capital expenditure budget, Master budget, Principal budget factors.

9.00

V Standard Costing and Variance Analysis
Types of standards and sources of standard cost information; evolution of standards, continuous -improvement; keeping standards meaningful and relevant; variance analysis; disposal of variances.
(a) Investigation and interpretation of variances and their inter relationship
(b) Behavioural considerations.

References: 

1. Advance Management Accounting-R.S Kaplan& A.A Atkinson (Prentice Hall India New Delhi)
2. Study Material -Published by ICAI
3. Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
4. Management Accounting-Khan and Jain(Tata Mc Graw Hill)
5. Management Accounting: S. K Singh( Sun India Publications)
6. Management Accounting-H.Chakraborty and S. Chakraborty(Oxford University Press)
7. Management Accounting and Financial Analysis-Dr S.N Maheshwari(S.Chand& Sons)
8. Management Accounting- N. Vinayakkam& IB Sinha (Himalaya Publishing House)

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

Academic Year: