MANAGEMENT ACCOUNTING

                                           Syllabus

Course Code: 044MAN011

MANAGEMENT ACCOUNTING

Module 1: Introduction to Management Accounting                      8 Hours

Introduction- Meaning and Definition – Objectives – Nature and Scope –Functions - Role of Management Accountant, Relationship between Financial Accounting and Management Accounting, Relationship between Cost Accounting and Management Accounting, Advantages and Limitations of Management.

Module 2: Ratio Analysis                                                               14 Hours

Introduction-Meaning and Definition of Ratio, Meaning of Accounting Ratio, and Ratio Analysis – Uses and Limitations –Classification of Ratios- Liquidity Ratios, Profitability Ratios and Solvency Ratios. Problems on Conversion of Financial Statements into Ratios and Ratios into Financial Statements.

Module 3: Cash Flow Analysis                                                       12 Hours

Meaning and Definition of Cash Flow Statement – Concept of Cash and Cash Equivalents – Uses of Cash Flow Statement – Limitations of Cash Flow Statement– Differences between Cash Flow Statement and Fund Flow Statement – Provisions of Ind. AS-7. Procedure for Preparation of Cash Flow Statement – Cash Flow from Operating Activities – Cash Flow from Investing Activities and Cash Flow from Financing Activities – Preparation of Cash Flow Statement According to Ind. AS[1]7.

Module 4: Marginal Costing                                                          10 Hours

Introduction-Meaning and Definition of Marginal Cost, Marginal Costing, Features of Marginal Costing- Terms used in Marginal Costing – P/V Ratio, BEP, Margin of Safety, Angle of Incidence and Break-Even Chart. Break Even Analysis- Assumption and uses, Problems.

Module 5: Budgetary Control                                                        12 Hours

Meaning and Definition of Budget and Budgetary Control, Objectives of Budgetary Control, Advantages and Limitations of Budgetary Control, Essentials of Effective Budgeting, Types of Budget-Functional Budgets, Master Budget, Fixed and Flexible Budget, Problems on Flexible Budget and Cash Budget.