Management Accounting

Paper Code: 
CBBA 305
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to -

·        Prepare, analyze and interpret the management accounting statements.

·        To apply various management accounting techniques to all types of organizations for planning, decision making and control purposes in practical situations

Course Outcomes (COs): 

 

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

CBBA305

 

Management Accounting

CO 123: Understand the nature and scope of management accounting.

CO 124: Understand cost concepts & interpret cost accounting statements.

CO 125: Prepare, analyze and interpret a Statement of Fund Flow.

CO 126: Recognize and apply ratios and proportions to solve real life problems.

CO 127: Understanding the relevance of budgeting and computing variances pertaining to material and labor.

CO 128: 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

 

Class test, Semester end examinations, Quiz,  Assignments, Class interaction

 

12.00
Unit I: 
Management Accounting:

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

12.00
Unit II: 
Fund flow Statement:

Fund flow Statement: Meaning, Scope and Preparation of Fund Flow Statement
Calculation of Financial Ratios: Liquidity, Solvency, Turnover, Profitability

12.00
Unit III: 
Cost Volume Profit Analysis

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.

12.00
Unit IV: 
Analyzing Financial Statements:

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.

12.00
Unit V: 
Standard Costing:

Standard Costing: Meaning, Significance and Limitation, Types of Standards and Variances pertaining to Material, Labour. Activity Based Costing: Concept, Elements.

Essential Readings: 

• C.T. Horngren, Gary L. Sundem, Jeff O. Schatzberg, and Dave Burgstahler: Introduction to Management Accounting, Pearson
• M.N. Arora: A Textbook of Cost and Management Accounting, Vikas Publishing House Pvt. Ltd.
• M.Y. Khan, and P.K. Jain, Management Accounting: Text Problems and Cases, McGraw Hill Education (India) Pvt. Ltd.
• S.N. Maheshwari, and S.N. Mittal, Cost Accounting: Theory and Problems, Shre Mahavir Book Depot (Publishers)

References: 

• Maheshwari S.N., Financial Management, Principles and Practice, Sultan Chand &Sons
• Pandey, I. M., Financial Management, Vikas Publishing House
• Khan, M.Y, Jain, P.K., Financial Management, Tata McGraw Hill, New Delhi
• Agarwal, M.R., Financial Management, Garima Publications, Jaipur

E-resources:

• https://www.sciencepublishinggroup.com/journal/index?journalid=171
• https://www.expresslibrary.mheducation.com/bookshelf
• https://www.jstor.org/stable/10.2307/j.ctt130jj09
• Elibrary.in.pearson.com
• https://www.accountingcoach.com

Journals:

• Indian Journal of Finance, http://www.indianjournaloffinance.co.in
• Journal of Emerging Market http://sagepub.com

Academic Year: 
2022-2023
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