Coming soon
Management Accounting
This course will enable the students to - 1. Prepare, analyze and interpret the management accounting statements.
Course Outcomes (COs):
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Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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CBBA305 |
Management Accounting |
CO103: Understand the nature and scope of management accounting. CO104: Understand cost concepts & interpret cost accounting statements. CO105: Prepare, analyze and interpret a Statement of Fund Flow. CO106: Recognize and apply ratios and proportions to solve real life problems. CO107: Understanding the relevance of budgeting and computing variances pertaining to material and labor. CO108: Evaluating financial performance through Financial Statement Analysis. |
Approach in teaching: Interactive Hours using whiteboards, Questioning & Discussion, Reading assignments, Frequent or unannounced quizzes.
Learning activities for the students: Self learning assignments, Effective questions, presentation, Solving problems of unsolved questions
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Class test, Semester end examinations, Quiz, Assignments, Class interaction |
Management Accounting: Meaning, definition, nature and scope of Management Accounting; Comparison of Management Accounting with Cost Accounting and Financial Accounting. Cost concepts: Meaning, Scope, Objectives, and Importance of Cost Accounting.
Elements of Cost and Cost Statements
Fund flow Statement: Meaning, Scope and Preparation of Fund Flow Statement
Calculation of Financial Ratios: Liquidity, Solvency, Turnover, Profitability
Cost Volume Profit Analysis: Meaning, Significance and Limitations of CVP Analysis, Contribution, Profit Volume Ratio, Breakeven Point, Margin of Safety, Key factor, Decisions based on Marginal Costing like Make or Buy, Own or Lease, Shut down or Continue.
Analyzing Financial Statements: Objectives of Financial Statement Analysis, Standards of Comparison; Techniques of Financial Statement Analysis -Horizontal Analysis, Vertical Analysis.
Budgets and Budgetary Control: Meaning, Types of Budgets, Steps in Budgetary Control, Fixed and Flexible Budgeting, Cash Budget.
Standard Costing: Meaning, Significance and Limitation, Types of Standards and Variances pertaining to Material, Labour.
Activity Based Costing
C.T. Horngren, Gary L. Sundem, Jeff O. Schatzberg, and Dave Burgstahler:Introduction to Management Accounting, Pearson
2. M.N. Arora: A Textbook of Cost and Management Accounting, Vikas Publishing
House Pvt. Ltd.
3. M.Y. Khan, and P.K. Jain, Management Accounting: Text Problems and Cases,
McGraw Hill Education (India) Pvt. Ltd.
4. S.N. Maheshwari, and S.N. Mittal, Cost Accounting: Theory and Problems, Shre Mahavir Book Depot (Publishers)
5. Maheshwari S.N., Financial Management, Principles and Practice, Sultan Chand &Sons, New Delhi
6. Pandey, I. M., Financial Management, Vikas Publishing House
7. Khan, M.Y, Jain, P.K., Financial Management, Tata McGraw Hill, New Delhi
8. Agarwal, M.R., Financial Management, Garima Publications, Jaipur
