Managerial Accounting For Decision Making

Syllabus

Course Code: CBBFM4T08

Managerial Accounting for Decision Making

UNIT-I

Definition and Role of Managerial Accounting in Decision Making, Managerial vs. Financial Accounting, Role of Managerial Accounting in Decision Making, Decision-Making Processes in Organizations, Types of Business Decisions. Types of Costs.

UNIT-II

Cost Behaviour: Fixed, Variable, and Mixed Costs. Contribution Margin and its Role in Decision Making. Break-even Analysis: Calculating and Interpreting Break-Even Points. (Numerical)

UNIT-III

Costing Methods used for Cost Allocation and Decision-Making. Process Costing-Meaning, Features and Applicability, Activity-Based Costing (ABC): Concept and Benefits, Decision-Making with Costing Information. (Numerical)

UNIT-IV

Business Budgets and Budgetary Control: Types of Budget and its Utility, Preparation of Cash & Flexible Budgets. (Numerical)