Accounting For Managers B.Com 6th Sem U.P

Unit

Topics

No. of

Lectures

I

Management Accounting- Concept, Meaning, Characteristics, Difference between Financial Accounting Management Accounting, Difference between Cost Accounting and Management Accounting, Techniques, Objectives and Importance. Management Accountant- Duties, Status, Functions and Responsibility. Financial Statement Analysis and Interpretation - Meaning, Objectives, Characteristics of an Ideal Financial Statement, Parties Interested in Financial Statement, Types of Financial Analysis - Horizontal, Vertical and Trend Analysis.

17

II

Ratio Analysis: Meaning, Utility, Classification of Ratios - Profitability Ratio, Activity Ratio and Financial Position Ratios. Fund Flow and Cash Flow Statement- Concept, Meaning of the Term Fund and Preparation of Fund Flow Statement and Cash Flow Statement (AS-3).

16

III

Business Budgeting: Meaning of Budget and Budgeting, Objectives, Limitations and Importance, Essentials of Effective Budgeting, Classification of Budgets- Flexible Budget and Zero Based Budget. Marginal Costing: Meaning, Determination of Profit under Marginal Costing, Pricing of Product, Make or by Decision, Selection of Most Profitable Channel. Break Even Analysis: Concept and Practical Applications of Break Even Analysis.

22

IV

Standard Costing and Variance Analysis: Meaning and Objectives of Standard Costing Setting of Standard, Variance Analysis: Material and Labour Variance. Reporting to Management: Meaning, Objectives, Principles of Reporting, Importance of Reports, Classification of Reports, Reporting at Different Levels of Management.

20