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Syllabus

The Management Accounting course for B.Com (Hons.) 3rd Year focuses on the nature and scope of management accounting, budgeting, standard costing, marginal costing, and decision-making processes. It aims to equip students with knowledge for managerial planning, control, and decision-making through various accounting techniques. The course includes five main units and emphasizes contemporary issues like responsibility accounting and transfer pricing.

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3 views

Syllabus

The Management Accounting course for B.Com (Hons.) 3rd Year focuses on the nature and scope of management accounting, budgeting, standard costing, marginal costing, and decision-making processes. It aims to equip students with knowledge for managerial planning, control, and decision-making through various accounting techniques. The course includes five main units and emphasizes contemporary issues like responsibility accounting and transfer pricing.

Uploaded by

Neha Naagar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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B.Com (Hons.

)-3rd Year
SEMESTER –VI
MAJOR-I: MANAGEMENT ACCOUNTING
Course Name: Management Accounting LTP: 4:0:0

Course Code: C230601T Course Credit: 4


Course Description:
This course provides an introduction to the Nature and Scope of management accounting, Budgeting and
Budgetary Control, Standard Costing and Variance Analysis, Marginal Costing, Decision Making Process,
Contemporary Issues like Responsibility Accounting and Transfer Pricing.
Course Objective:
The objective of this Course is to impart the students, knowledge about the use of financial, cost and other
data for the purpose of managerial planning, control and decision making.
Course Content:
Unit 1: Introduction
Meaning, Objectives, Nature and Scope of management accounting, Difference between cost accounting
and management accounting, Cost control and Cost reduction, Cost management
Unit 2: Budgetary Control
Budgeting and Budgetary Control: Concept of budget, budgeting and budgetary control, Objectives,
merits, and limitations. Budget administration. Functional budgets. Fixed and flexible budgets. Zero base
budgeting. Programme and performance budgeting.
Unit 3: Standard Costing
Standard Costing and Variance Analysis: Meaning of standard cost and standard costing, advantages,
limitations and applications. Variance Analysis – material, labour, overheads and sales variances.
Disposition of Variances, Control Ratios.
Unit 4: Marginal Costing
Absorption versus Variable Costing: Distinctive features and income determination. Cost- Volume-Profit
Analysis, Profit / Volume ratio. Break-even analysis-algebraic and graphic methods. Angle of incidence,
margin of safety, Key factor, determination of cost indifference point.
Unit 5: Decision Making
Steps in Decision Making Process, Concept of Relevant Costs and Benefits, Various short term decision
making situations – profitable product mix, Acceptance or Rejection of special/ export offers, Make or
buy, Addition or Elimination of a product line, sell or process further, operate or shut down. Pricing
Decisions: Major factors influencing pricing decisions, various methods of pricing

Course Outcomes (COs):


CO1: To learn and enhance the knowledge of Nature and Scope of management accounting.
CO2: To analyze the key issues in Budgeting and Budgetary Control.
CO3: To introduce the students about Standard Costing and Variance Analysis.
CO4: To understand the Role of Marginal Costing and Decision Making Process.
CO5: Understand the Concepts of Contemporary Issues like Responsibility Accounting and Transfer
Pricing.

Suggested Readings:
Text Books:
1. Charles T. Horngren, Gary L. Sundem, Dave Burgstahler, Jeff O. Schatzberg. Introduction to
Management Accounting, Pearson Education.
2. Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young. Management
Accounting. Dorling Kindersley(India) Pvt. Ltd.
3. Ronald W. Hilton and David E. Platt. Managerial Accounting: Creating Value in a Global Business
Environment, Mc Graw Hill Education.
References:
1. Singh, Surender. Management Accounting, Scholar Tech Press, New Delhi. Goel, Rajiv, Management
Accounting. International Book House,
2. Arora, M.N. M a n a g e m e n t A c c o u n t i n g. Vikas Publishing House, New Delhi. Maheshwari,
S.N. and S.N. Mittal. M a n a g e m e n t Accounting. Shree Mahavir Book Depot, NewDelhi.
3. Singh, S. K. and Gupta Lovleen. Management Accounting – Theory and Practice. Pinnacle Publishing
House.
4. Khan, M.Y. and Jain, P.K. Management Accounting. McGraw Hill 5. Education H.V. Jhamb,
Fundamentals of Management Accounting, Ane Books Pvt. Ltd.

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