Accounting for Management, Fundamentals of Management Accounting and Tools Used in Management Accounting Applications of Management Accounting.
Course Description
To acquaint about Managerial Accounting decision-making techniques and reporting methods.
Course Outcomes:
CO1: Relate the relationship between Cost, Financial and Management Accounting
CO2: Draw conclusion about the liquidity, solvency and profitability of business entities based
on comparative statements, common size statements, trend analysis and ratio analysis
CO3: Prepare Fund flow and Cash flow Statement
CO4: Prepare Marginal Cost Statement and Apply Marginal Costing for Decision making in
Business
CO5: Prepare different types of budgets and Calculate material, labour and overhead variances
Introduction-Meaning and emergence of management accounting- definition of management accounting-Characteristics of management accounting-Scope of Management Accounting- Objectives of management accounting.
Meaning of Marginal cost and Marginal costing – Marginal costing VS absorption costing, Contribution, Margin of Safety ,Breakeven analysis and profit volume graph. (Problems) Applications of marginal costing and Cost volume profit analysis – cost control, profit planning, evaluation of performance, Decision making.
Meaning and Concept of CVP analysis and Calculation of Break even Point.
Marginal Costing and Applications of Mraginal Costing.
Applications of BEP and Methods of Calculating Breakeven Point.
eaning- concept of funds flow- Sources and use of funds – construction of funds flow statement – uses – significance of funds flow statement – limitations of funds flow statement (Theory and Problems) etc
