Scribd
Upload
6 views

Accounting Management Accounting

The document outlines the syllabus for a Management Accounting course, covering topics such as the definition and importance of management accounting, cost concepts, absorption and variable costing, activity-based costing, cost-volume-profit relationships, relevant costs for decision-making, budgeting, flexible budgeting, and standard costing. It also includes recommended textbooks for further reading. The course consists of 60 class hours and is worth 4 credits.

Uploaded by

ig.promotion.official
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
6 views

Accounting Management Accounting

The document outlines the syllabus for a Management Accounting course, covering topics such as the definition and importance of management accounting, cost concepts, absorption and variable costing, activity-based costing, cost-volume-profit relationships, relevant costs for decision-making, budgeting, flexible budgeting, and standard costing. It also includes recommended textbooks for further reading. The course consists of 60 class hours and is worth 4 credits.

Uploaded by

ig.promotion.official
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Paper Code : 232507 Marks : 100 Credits : 4 Class Hours : 60 hrs.

Paper Title : MANAGEMENT ACCOUNTING (In English)

1. Introduction: Definition of Management Accounting and Its Relation with Financial and
Cost Accounting, Management Accounting and Decision Making, Importance of Ethics,
Management Accounting in Service and Nonprofit Organizations, Cost-Benefit and
Behavioral Considerations, Management Process and Accounting, Planning and Control for
Product Life Cycles and the Value Chain, Career Opportunities in Management Accounting,
Changes in Business Processes and Management Accounting, Management Accounting
Profession.
2. Cost Concepts and Classifications: General Cost Classifications- Cost Classifications
on Financial Statements - The Flow of Cost in a Manufacturing Company- Cost
Classifications Predicting Cost Behavior- Cost Classifications for Decision Making.
3. Absorption and Variable Costing: Variable and Absorption Costing, Variable vs.
Absorption Costing: Operating Income and Income Statements, Absorption Costing and
Performance Measurement, Comparing Inventory Costing Methods: Absorption &
Variable, Costing, and Actual, Normal & Standard Costing; Reconciliation of profit under
both methods.
4. Activity-Based Costing: Broad Averaging and Its Consequences; Under-costing and
Over-costing, Product-Cost, Cross-Subsidization, Simple Costing System Using a Single
Indirect-Cost Pool, Refining a Costing System–Activity-Based Costing (ABC) Systems,
Implementing ABC; Comparing Alternative Costing Systems.
5. Cost-Volume-Profit Relationships: Identifying Resources, Activities, Costs, and Cost
Drivers, Variable and Fixed Costs, CVP Analysis: Computing the Break-Even Point (BEP),
Graphing the BEP, Changes in Fixed Expenses, Changes in Unit Contribution Margin,
Target Net Profit and an Incremental Approach, Multiple Changes in Key Factors;
Additional Uses of CVP Analysis: Best Cost Structure, Operating Leverage, Margin of
Safety, Contribution Margin and Gross Margin; Sales-Mix Analysis, Impact of Income
Taxes.
6. Relevant Costs for Decision Making: Management’s Decision-making Process-
Identifying Different Costs and Benefits- Different Costs for Different Purposes-The
Incremental Analysis Approach-Types of Incremental Analysis- Accept an Order at a
Special Price, Make or Buy, Sell or Process Further, Retain or Replace Equipment,
Eliminate an Unprofitable Business Segment, Allocate Limited Resources.
7. Budgeting and Budgetary Control: Budgets and the Organization; Potential Problems in
Implementing Budgets, Planning Horizon (Strategic Plan and Long-Range Planning); Types
of Budgets: Master Budget and Continuous Budgets (Rolling Budgets); Components of a
Master Budget: Operating Budget/Profit Plan (Sales budget, Purchases budget, Cost of
goods sold budget, Operating expenses budget, Budgeted income statement), and Financial

8
budget Cash budget, Budgeted balance sheet); Preparing the Master Budget; Activity-Based
Master Budgets (Functional Budgets and Activity-Based Budgets)..
8. Flexible Budget: Flexible Budget and Fixed Budget-Characteristics of Flexible Budget-
Advantages of Flexible Budget-Segregation of Semi-variable Cost-Preparation of
Flexible Budget.
9. Standard Costing: Concepts-Standards and Budgets-Advantages of Standard Costing-
Analysis of Material, Labor and Overhead Variances.

Books Recommended :

1. C. T. Horngren, G. L. Sundem : Introduction to Management Accounting


W. O. Stratton, J. Schatzberg (Latest Edition). Upper Saddle River, New
and D. Burgstahler Jersey: Prentice Hall

2. Ray H. Garrison, Eric W. Noreen : Managerial Accounting (Latest Edition)


and Peter C. Brewer Boston: McGraw-Hill & Irwin

3. Charles T. Horngren, Srikant M. Datar : Cost Accounting: A Managerial Emphasis


Madhav V. Rajan (Latest Edition) Upper Saddle River, New
Jersey: Prentice Hall

You might also like