Advanced Management Accounting

                                                                                                                          Syllabus

                                                                                                                        18 MBA 303 B

 ADVANCED MANAGEMENT ACCOUNTING

Module-I

Introduction to Cost Accounting and Management Accounting:  Basic Concepts: Scopes. Types of Cost, Financial Accounting, Cost Accounting and Management Accounting., Methods of Costing, Techniques of Costing, Classification of Costs, Cost Centre, Cost Unit, Profit Centre, Investment Centre, Preparation of Cost Sheet, Total Costs and Unit Costs.  

Module-II

Methods and Techniques: Job Costing, Contract Costing and Process Costing, Joint Product and By Products. Service Costing: Variable Costing and Break-Even Analysis, Short Term Decisions using Variable Costing, Short Term Decisions using Relevant Costing, Product costs using Activity-based Costing.

Module-III

Management Tools: Budgetary Control: Functional Budgets, Cost Budget, Master Budget, Performance Budgeting and Zero-based Budgeting. Flexible Budgets.  Standard Costing: Standard cost and Standard Costing, Standard Costing and Budgetary Control. Analysis of Variances (Material, Labour and Sales). Balance Scorecard for measuring total Business Unit Performance. Financial Measures of Performance: Investments and EVA.