Management Accounting

Unit-I

Management Accounting – Definition – Nature – Scope – Objectives – Merits and Limitations – Financial Statement Analysis – Comparative Statements – Common Size Statements – Trend Percentages – Ratio Analysis.

Unit-II

Fundflow Statement – Uses of Fundflow Analysis – Construction of Fundflow Statement. Cashflow Analysis – Distinction of Cash from Funds – Construction of Cashflow Statement.

Unit-III

Marginal Costing – Distinction between Absorption Costing and Marginal Costing – Cost Volume Profit (CVP) Analysis – Break-Even Analysis – Margin of Safety.

Unit-IV

Budget and Budgetary Control – Sales, Production, Production Cost, Raw material Cost, Cash, Master Budgets, and Flexible Budgets.

Unit-V

Working Capital – Types – Factors Determining Working Capital – Estimate of Working Capital Requirements – Standard Costing – Material and Labor Variance only.