Management Accounting

Paper Code:

25DATG601A

Credits:

Contact Hours:

60.00

Max. Marks:

100.00

Objective:

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:

Course	Learning outcome (at course level)	Learning and teaching strategies	Assessment Strategies
Course Code	Course Title
25DATG601A	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	Approach in teaching: Interactive Lectures, Discussion, Tutorials, Problem solving sessions, Presentations Learning activities for the students: Self-learning assignments, Case Study analysis, Presentations, Group discussions	Continuous Assessment Test, Semester End Examinations, Quiz, Solving numerical problems, Assignments, Class Presentations, Individual and group projects.

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

25DATG601A

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

Approach

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Problem

solving

sessions,

Presentations Learning activities

for the

students:

Self-learning

assignments,

Case Study

analysis,

Presentations,

Group

discussions

Continuous

Assessment

Test, Semester

End

Examinations,

Quiz, Solving

numerical

problems,

Assignments,

Class

Presentations, 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:

Management of Working Capital:

● 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

12.00

Unit III:

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

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

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
Contemporary Issues:
• Responsibility Accounting: Concept, significance, different responsibility centres,
• Divisional performance measurement, financial and non-financial measures,
• Transfer Pricing

Essential Readings:

● Management 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 Readings:

· 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.html?id=Fyszhs 9mD2cC

Reference Journal:

● The Indian Journal of Commerce

● FIIB Business Review

● Vikalpa: Journal for Decision Makers