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Management Accounting
This course will enable the students to develop an understanding of management accounting concepts and procedures and application of the same in real world scenarios. Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24DATG601A |
Management Accounting (Theory) |
CO151: Understand the concept of Management Accounting. CO152: Develop skills in planning & arranging working capital. CO153: Evaluate the concept of Budgeting and its different methods. CO154: Develop the skills to analyze and interpret Standard Cost or Variance Analysis. CO155: Evaluate Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing. CO156: Contribute effectively in course-specific interaction
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self-learning assignments, Effective questions, Giving tasks.
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
• Meaning of Management Accounting,
• Functions of Management Accounting
• Difference between cost accounting and management accounting
• Cost Control, Cost Reduction and Cost Management
• Concepts and Significance, Factors affecting working capital requirements,
• Ascertainment of working capital requirements using Operating Cycle Method, Net Current Assets or Forecasting Method, Projected Balance Sheet Method,
• Salient features of Tandon Committee and Chore Committee.
• Ratios relating to working capital.
• Case Study of working capital requirement for various industries.
• Budgeting and Budgetary control: Concept of Budget, budgeting and budgetary control, objectives, merits and limitations.
• Budget administration, Functional Budget, Fixed and flexible budgets, Zero Based Budgeting, and performance budgeting
• Meaning of standard cost and standard costing, advantage, limitations and applications,
• Variance Analysis-Material, Labour, Overhead and Sales Variance
• Concept, Nature or Characteristics, Elements, Process or Stages,
• Identification of Cost Drivers, Determination of Cost of each activity,
• Assigning or Tracing Activity Cost to Products,
• Distinction between Activity Based Costing System and Traditional System,
• Advantages and Limitations of Activity Based Costing System
Contemporary Issues:
• Responsibility Accounting: Concept, significance, different responsibility centres,
• Divisional performance measurement, financial and non-financial measures,
• Transfer Pricing.
● Mangement Accounting-Agrawal, Agrawal (Ramesh Book Depot)
● Management Accounting-Khan and Jain (Tata Mc Graw Hill)
● Management Accounting-M.R Agarwal(Malik and Company)
● Management Accounting: S. K Singh ( Sun India Publications)
● Management Accounting-H.Chakraborty and S. Chakraborty(Oxfor University Press)
● Management Accounting and Financial Analysis-Dr S.N Maheshwari (S.Chand& Sons)
Suggested Readings:
• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Gupta S.P, Management Accounting, Sahitya Bhawan Publications.
• Management Accounting- N. Vinayakkam& IB Sinha (Himalaya Publishing House)
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e-Resources:
● https://devlibrary.in/managerial and cost accounting/
● https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
● https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.h...
Reference Journal:
● The Indian Journal of Commerce
● FIIB Business Review
● Vikalpa: Journal for Decision Makers
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.
