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MANAGEMENT ACCOUNTING
Course Outcome (CO s):
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Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO 126: Analyse and understand the concept of Management Accounting and Working Capital Requirement. CO 127: Develop skills in planning & arranging different type of Capital Structure in long Term and Short Term. CO 128: Evaluatethe concept of Cash Flow Statement & Develop the skills of Preparing it under the guidance of Accounting Standards. CO 129: Develop the skills among the students to analyse and interpret in the field of Standard Costing or Variance Analysis. CO130:Evaluate critically Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing. |
Explanations, Discussion, Project work.
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Observation, Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
• Meaning of Management Accounting,
• Functions of Management Accounting
• Difference between cost accounting and management accounting
• Cost Control, Cost Reduction and Cost Management
• 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.
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
Meaning of standard cost and standard costing, advantage, limitations and applications,
Variance Analysis-Material, Labour, Overhead and Sales Variance
• 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 between Activity Based Costing System and Traditional System,
• Advantages and Limitations of Activity Based Costing System 12 Hrs.
Contemporary Issues:
• Responsibility Accounting: Concept, significance, different responsibility centres,
• Divisional performance measurement, financial and non-financial measures,
• Transfer Pricing
• Agrawal, & Agrawal Management Accounting Ramesh Book Depot
• Khan & Jain Management Accounting Tata Mc Graw Hill
• Agarwal, M.R, Management Accounting Malik and Company
• Singh , S. K Management Accounting Sun India Publications
• Chakraborty, H. & Chakraborty, S. Management Accounting Oxford University Press
• Maheshwari , S.N Management Accounting and Financial AnalysisS.Chand& Sons
• Vinayakkam, N. & Sinha, IB Management Accounting Himalaya Publishing House
• Kaplan, R.S& Atkinson , A.A .Advance Management Accounting Prentice Hall India New Delhi
