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Management Accounting - Practical [1]

Paper Code: 
25CATG612
Credits: 
2
Contact Hours: 
30.00
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

25CATG 612

Management Accounting

(Practical)

CO199: Analyse and apply the concept of cost and Management of cost through reduction.

CO200: Assess and compare the different type of Capital Structure in long Term and Short Term.

CO201: Classify and Evaluate the different types of Budgets.

CO202: Interpret the different variances for various elements of cost.

CO203: Critically evaluate Activity Based Costing and compare it with the traditional method.

CO204: Contribute effectively in course-specific interaction

Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.

            

Learning activities for the students: Self-learning assignments, Effective questions.

 

Class test,

Semester end examinations,

Quiz,

Solving problems in tutorials, Assignments,  Individual projects

 

6.00
Unit I: 
Management of Cost

• Case study on reduction and management of cost

6.00
Unit II: 
Management of Working Capital

• Case study on Working Capital Management.

6.00
Unit III: 
Budgeting

• With the help of hypothetical figures prepare different types of budgets

6.00
Unit IV: 
Variance Analysis

• Case study using different variances for different elements of cost.

6.00
Unit V: 
Activity Based Costing

• Case study/ Group discussion on comparison of Activity Based costing with traditional system of costing.

Essential Readings: 

● Cost Accounting: Jain, Khandelwal & Pareek (Ajmera Book Company), Jaipur
● Advance Cost Accounting: Oswal, Maheshwari, Modi (Ramesh Book Depot)
● Cost Accounting: Jawahar Lal (Tata Mcgraw Hill), New Delhi
● Oswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

References: 

● Cost Accounting: B.M Lall Nigam, I.C. Jain (PHI), New Delhi
● Cost Accounting Theory and Practice: Bhabatosh Banerjee (PHI), New Delhi
● Cost Accounting: Agarwal, Jain, Sharma, Shah and Mangal (Ramesh Book Depot), Jaipur
● Cost Accounting Principles and Practice: M.N. Arora (Vikas Publication), New Delhi
● 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/ [2]
● https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf [3]
Reference Journal:
● The Indian Journal of Commerce
● FIIB Business Review
● Vikalpa: Journal for Decision Makers

Academic Year: 
2025-2026 [4]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/management-accounting-practical-1

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/management-accounting-practical-1
[2] https://devlibrary.in/managerial-and-cost-accounting/
[3] https://www.icsi.edu/media/website/CostAndManagementAccounting.pdf
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026