Management Accounting

Paper Code:

24CBBA305

Credits:

Contact Hours:

60.00

Max. Marks:

100.00

Objective:

This course will enable the students to prepare, analyze and interpret the management accounting statements and apply the management accounting techniques to all types of organizations for planning, decision making and control purposes in practical situations.

Course Outcomes:

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

24CBBA 305

Management Accounting

(Theory)

CO115: Examine the conceptual framework of management accounting and differences between various forms of accounting.

CO116: Explain various ratios as techniques of financial statement analysis.

CO117: Recognize the concept of marginal costing and cost volume profit analysis.

CO118: Analyze financial statements and the use of budgets for cost control.

CO119: Evaluate the standard costing system.

CO120: Contribute effectively in course-specific interaction.

Approach in

teaching:

Interactive sessions, Tutorials, Reading assignments.

Learning activities

for the students:

Self-learning assignments,

presentation, Solving questions-based problems

Continuous Assessment Test, Semester End Examinations, Quiz, Assignments, Presentation, Individual and group projects

12.00

Unit I:

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:

Calculation of Financial Ratios

Liquidity, Solvency, Turnover, Profitability, Investment analysis ratios.

12.00

Unit III:

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

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

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

Essential Readings:

1. 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)

References:

Suggested Readings:

1. Maheshwari S.N., Financial Management, Principles and Practice, Sultan Chand &Sons 2. Pandey, I. M., Financial Management, Vikas Publishing House

3. Khan, M.Y, Jain, P.K., Financial Management, Tata McGraw Hill, New Delhi

4. Agarwal, M.R., Financial Management, Garima Publications, Jaipur

E-resources:

1. https://www.sciencepublishinggroup.com/journal/index?journalid=171

2. https://www.expresslibrary.mheducation.com/bookshelf

3. https://www.jstor.org/stable/10.2307/j.ctt130jj09 4. Elibrary.in.pearson.com 5. https://www.accountingcoach.com

Academic Year:

2024-2025