Course Objectives:
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.
Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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|---|---|---|---|---|
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Course Code |
Course title |
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24CATG611 |
Management Accounting (Theory) |
CO193: Understand the concept of Management Accounting. CO194: Develop skills in planning & arranging working capital. CO195: Evaluate the concept of Budgeting and its different methods. CO196: Develop the skills to analyze and interpret Standard Cost or Variance Analysis. CO197: Evaluate Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing. CO198: Contribute effectively in course-specific interaction
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Approach in teaching: Interactive Lectures, Discussions, Tutorials Problem solving sessions, Presentations.
Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions.
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Continuous Assessment Test, Semester end Examinations, Quiz, Solving Numerical problems, Assignments, Class Presentations, Individual & group 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.
• 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
● 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)
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 [2] and cost accounting/
● https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf [3]
● https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.h... [4]
Reference Journal:
● The Indian Journal of Commerce
● FIIB Business Review
● Vikalpa: Journal for Decision Makers
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/management-accounting-34
[2] https://devlibrary.in/managerial
[3] https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
[4] https://books.google.com/books/about/Cost_Accounting_Text_and_Problems.html?id=Fyszhs9mD2cC
[5] https://accountingtaxation.iisuniv.ac.in/academic-year/2024-2025