COURSE OUTLINE: Management accounting is a subject of recent origin that has facilitated managerial decision-making more effectively and efficiently. The tools & techniques of management accounting are very useful for strategic managerial decisions facilitating cost control, profit maximization, organizational planning and control. Innovative costing techniques like ABC and responsibility accounting help the business organizations to sustain in a competitive global scenario and expand their product lines and markets. Management control systems help businesses to use their scarce resources efficiently and effectively and contribute in the maximization of the firm value.
Overview
Syllabus
Management Accounting - Promo.
An Introduction-I.
An Introduction-II.
Branches of Accounting & Cost Sheet.
Statement of Cost- An introduction.
Fundamentals of Management Accounting-I.
Fundamentals of Management Accounting-II.
Cost Sheet- Role & Relevance in Management Decision Making-I.
Cost Sheet- Role & Relevance in Management Decision Making-II.
Preparation & Analysis of Cost Sheet-I.
Preparation & Analysis of Cost Sheet-II.
Preparation & Analysis of Cost Sheet-III.
Budget and Budgetary Control-I.
Budget and Budgetary Control-II.
Preparation of Budgets.
Preparation of Master Budget.
Cash Budget-I.
Cash Budget-II.
Cash Budget-III.
Cash Budget-IV.
Financial Budget.
Master Budget- A Mini Case-I.
Master Budget- A Mini Case-II.
Master Budget- A Mini Case-III.
Flexible Budget & Variance Analysis- I.
Flexible Budget & Variance Analysis- II.
Flexible Budget & Variance Analysis- III.
Flexible Budget – A Mini Case- I.
Flexible Budget – A Mini Case- II.
Standard Costing & Variance Analysis.
Pre- Requisites to Standard Costing.
Variance Analysis..
Material Variances- I.
Material Variances- II.
Material Variances- III.
Material Variances- IV.
Material Variances- V.
Labor Variances- I.
Labor Variances- II.
Labor Variances- III.
Labor Variances- IV.
Labor Variances- V.
Overhead Variances.
Marginal Costing- I.
Marginal Costing- II.
Marginal Costing- III.
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Taught by
IIT Roorkee July 2018
