L T P C Hrs Marginal costing – assumptions – Concepts of Contribution and Profit-Volume Ratio.

Breakeven
P20MST102 `ACCOUNTING FOR MANAGEMENT Analysis – Preparation of Break-Even Charts. Cost Volume Profit Analysis –Key Factor – Profit
3 1 0 4 40 Planning using variations in Sales volume, price, and costs (problems) – Decisions involving
Alternative Choices: Determination of sales mix, exploring new markets and Make or Buy decisions
(Problem for case study).
Course Objectives
 To make the student conversant with Accounting Principles and Understanding Annual Reports
UNIT V BUDGETING AND VARIANCE ANALYSIS (8 Hrs)
 To make the student familiar with the preparation of funds and cash flow statements
Budgetary Control: Preparation of Cash Budgets, Sales Budgets, Purchase Budgets, Production
 To empower them with deeper understanding on cost concepts as applicable for managerial
Budgets. Concept and significance of Flexible Budgets; Concept of Zero-Based Budgeting. Balanced
decisions Scorecard – Financial Perspectives.
 To familiarise the student with the key analyses for decision-making using variable costing and CVP Standard Costing – Setting and Implementation of Standards – Variance Analysis – Computation of
analysis Variances – Cost and Sales Variances – Material and Labour Variances. Distinction between
 To provide them with the understanding on the role and preparation of significant budgets and Budgeting and Standard Costing.
variances for deviation analysis
Text Books
Course Outcomes
After completion of the course, the students will be able to 1. R. Narayanaswamy, Financial Accounting – A managerial perspective, PHI Learning, New
CO1 - Analyse the financial statements given in an annual report of a corporate entity Delhi. (2015 or later edition)
CO2 - Construct funds and cash flow statements and interpret them meaningfully 2. M.Y.Khan & P.K.Jain, Management Accounting, Tata McGraw Hill. (2018 or later edition)
CO3 - Understand the cost concepts and their application in costing estimates
CO4 - Evaluate analytical decisions in various business-world situations using CVP Reference Books
CO5 - Compile various budgets and conduct variances analysis based on actuals 1. Eric W. Noreen, Peter C. Brewer & Ray H. Garrison. Managerial Accounting for Managers.
McGraw-Hill Irwin, New York. (Latest available edition)
UNIT I FINANCIAL REPORTING AND ANALYSIS (8Hrs)
2. Charles T. Horngren, Gary L. Sundem, Jeff O. Schatzberg & Dave Burgstahler. Introduction to
Generally Accepted Accounting Principles – Accounting Concepts and Conventions – Accounting
Standards: Evolution and current trends. Branches of Accounting: Financial, Cost and Management Management Accounting. Prentice Hall India. (Latest available edition)
Accounting – Role in managerial decision-making. Significance and Role of Corporate Financial 3. Drury Colin. Management and Cost Accounting. International Thomson Business Press,
Statements. Reading and Understanding Annual Reports of Corporate Entities. Financial Statements London. (Latest available edition)
– Meaning – Types of financial Analysis – Techniques of Financial Analysis – Ratio Analysis – 4. Jan Williams, Financial and Managerial Accounting – The basis for business Decisions. Tata
Profitability Ratios – Coverage Ratios – Turnover Ratios – Financial Ratios – Ratios to Financial McGraw Hill Publishers. (Latest available edition)
Statement (problems) – uses and limitations of Ratio Analysis. Du Pont Analysis. Practical Problems.
5. Stice & Stice, Financial Accounting Reporting and Analysis. Cengage Learning (Latest available
edition)
UNIT II FUNDS AND CASH FLOW ANALYSIS (8 Hrs)
Funds Flow Analysis – Concept of Funds and Flow – Statement of Changes in Working Capital – 6. Ravi M. Kishore. Cost and Managerial Accounting. Taxmann Publishers, New Delhi. (2018 or
Funds From Operations – Funds Flow Statement – Uses and Limitations of Funds Flow Statements. later edition)
Cash Flow Analysis – Meaning and Significance of Cash Flow Statements. Preparation of Cash Flow 7. Hanif. Modern Cost and Management Accounting. McGraw Hill Education, New Delhi. (2015
Statement as per Accounting Standard 3 – Format – Direct and Indirect method. Uses and Limitations or later edition)
of cash flow analysis – Practical Problems. 8. Bhattacharyya S K & Dearden J-: Accounting for Management: Vikas Publishing, New Delhi. (2015
or later edition)
UNIT III COST CONCEPTS FOR MANAGEMENT (8Hrs) 9. Singhvi Bodhanwala, Management Accounting -Text and cases, PHI Learning. (2015 or later edition)
Concept of cost – Elements of Cost – Types of Cost – Cost Accounting – Objectives – Cost Unit and 10. M.N. Arora. Cost and Management Accounting (Theory and Practice). Himalaya Publishing House.
Cost Centre – Methods of Costing – Techniques of Costing – Job Costing and Unit Costing – Cost (2015 or later edition)
Sheet (Simple and Comprehensive) – Tenders / Quotations – Practical Problems.
11. S.N. Maheswari, Sharad K. Maheswari & Suneel K. Maheswari. Accounting For Management. Vikas
Publishing (2017 or later edition
UNIT-IV COST-VOLUME-PROFIT ANALYSIS (8 Hrs)
Important Questions

1. Definition of Accounting.
2. Branches of Accounting. Explain
3. Explain about Accounting concepts and conventions.
4. What is meant by Financial Statements.
5. Profitability ratios- explain
6. Turnover Ratios- explain
7. Significance and Limitations of Ratio Analyses
8. FFS procedure.
9. Fund from operations preparation
10. Importance and limitations of FFS.
11. State the concept of Working capital
12. Explain accounting Principles.
13. Concepts of Fund Flow.
14. Explain Accounting Standard.
15. Difference between FFS and Balance Sheet.
16. Ratio analysis – sum and FFS- sum.

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