Finance and accounting have assumed much importance in today’s competitive world of business wherein corporate organisations have to show the true and fair view of their financial position. Thus, the application of accounting in the business sector has become an indispensable factor. Cost and Management Accounting’ is very useful for optimum utilization of existing resources. These are branches of accounting and had been developed due to limitations of financial accounting. The course mainly focuses on Cost Accounting and Management Accounting. Cost Accounting provides the detailed cost information that management needs to control current operations and plan for the future whereas Management Accounting provides key insights that help a company's management team make many of their decisions.Course Credit6
Overview
Syllabus
MCO-05 (Accounting for Managerial Decisions)
BLOCK 1: FUNDAMENTALS OF ACCOUNTING
WEEK-1:
Unit-1: Accounting: An Overview Unit-2: Accounting: Basic Cost Concepts
WEEK-2:
Unit-3: Financial Statements
WEEK-3:
Unit-4: Understanding Financial Statements
BLOCK 2: ANALYSIS OF FINANCIAL STATEMENTS
WEEK-4:
Unit-5: Techniques of Financial Analysis
WEEK-5:
Unit-6: Statement of Change in Financial Position
WEEK-6:
Unit-7: Cash Flow Analysis
BLOCK 3: BUDGETING AND BUDGETARY CONTROL
WEEK-7:
Unit-8: Basic Concepts of Budgeting
WEEK-8:
Unit-9: Preparation and Review of Budgets
WEEK-9:
Unit-10: Approaches to Budgeting
BLOCK 4: STANDARD COSTING
WEEK-10:
Unit-11: Basic Concepts of Standard Costing
WEEK-11:
Unit-12: Variance Analysis-I
WEEK-12:
Unit-13: Variance Analysis-II
WEEK-13:
Unit-14: Responsibility Accounting
BLOCK 5: COST VOLUME PROFIT ANALYSIS
WEEK-14:
Unit-15: Marginal Costing
WEEK-15:
Unit-16: Break Even Analysis
WEEK-16:
Unit-17: Relevant Costs for Decision making
WEEK-17:
Unit-18: Reporting to Management
WEEK-18:
Unit-19: Recent Developments in Accounting
Taught by
Prof. Sunil Kumar
