MANAGEMENT ACCOUNTING

Paper Code: 
CATG 611
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

Course Outcome

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 161: Analyse and understand the concept of Management Accounting and Working Capital Requirement.

CO 162: Develop skills in planning & arranging different type of Capital Structure in long Term and Short Term.

CO 163: Evaluate the concept of Cash Flow Statement & Develop the skills of Preparing it under the guidance of Accounting Standards.

CO 164: Develop the skillsamong the students to analyse and interpret in the field of Standard Costing or Variance Analysis.

CO 165: Evaluate critically Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing.

Explanations,Discussion, Project work.Field activities, Presentation, Giving tasks

Observation, Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
Introduction

• Meaning of Management Accounting,
• Functions of Management Accounting
• Difference between cost accounting and management accounting
• Cost Control, Cost Reduction and Cost Management

12.00
Unit II: 
Capital Structure:

• Concept, factors affecting capital structure,
• Theories of Capital Structure: Net Income Theory, Net Operating Income Theory, Traditional Theory, Modigliani-Miller Theory,
• Modern theories of capital structure.

12.00
Unit III: 
Budgetary Control

• 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, programme and performance budgeting

12.00
Unit IV: 
Standard Costing and Variance Analysis:

• Meaning of standard cost and standard costing, advantage, limitations and applications,
Variance Analysis-Material, Labour, Overhead and Sales Variance

12.00
Unit V: 
Activity Based Costing:

• 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 betweenActivity Based Costing System and Traditional System,
• Advantages andLimitations of Activity Based Costing System
Contemporary Issues:
• Responsibility Accounting: Concept, significance, different responsibility centres,
• Divisional performance measurement, financial and non-financial measures,
• Transfer Pricing.

Essential Readings: 

• 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)
• Management Accounting- N. Vinayakkam& IB Sinha (Himalaya Publishing House)

References: 

SUGGESTED REFERENCE BOOKS:
• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Gupta S.P, Management Accounting, Sahitya Bhawan Publications.

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

Academic Year: 
2023-2024
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