Accounting for Management and Reporting

Syllabus

MBA 104-18  ACCOUNTING FOR MANAGEMENT AND REPORTING

Unit-I

Introduction to Accounting: Accounting as an Information System, Accounting Process, Concepts, Convention and Principles of Accounting, Role of Accountant in an Organization. Branches of Accounting: Financial, Cost and Management Accounting and their Inter-Relationships, Exposure to Format of Schedule VI of Public Limited, Banking and Insurance Companies.

Unit-II

Cost Accounting: Meaning, Objectives, Scope and Classification of Costs, Preparation of Cost Sheet. Marginal Costing – Concept of Marginal Cost; Marginal Costing Vs Absorption Costing; Cost-Volume-Profit Analysis; Break-Even Analysis; Assumptions and its Practical Applications for Managerial Decision Making with Special Reference to Pricing, make or buy Decisions, Selection of Sales-Mix. Standard Costing: Introduction, Variance Analysis, Types of Variances – Materials and Labour Variances. Budgetary Control – Types of Budgets Master budget Zero base Budgeting, Fixed Budget and Flexible Budgets, Zero Base Budget, Participative Budget and Performance Budget.

Unit-III

Financial Statement Analysis: Concepts and Objectives, Tools of Financial Analysis: Trend Analysis, Common Size Statements, Comparative Statements, Ratio Analysis Liquidity, Solvency, Profitability, Turnover Ratios, Cash Flow Statements and Funds flow Statements.

Unit-IV

Recent Developments in Accounting: Introduction to Concept of Price Level Accounting, Human Resource Accounting, Transfer Pricing. Target Costing, Kaizen costing, Activity based Costing, Life Cycle Costing. Financial Reporting and Regulations: Meaning, Objectives, Principles and Environment of Financial Reporting; Introduction to Accounting Standards issued by ICAI, US GAAPs, International Accounting Standards, IFRS, Applicability of Various Accounting Standards, Comparison and the Process of Harmonization.