Management Accounting

Unit – I

Introduction: Meaning, Objectives, Nature and Scope of Management Accounting, Difference between Cost Accounting, Financial Accounting and Management Accounting. 

Analysis and Interpretation of Financial Statements: Meaning- Types and Methods of Financial Analysis – Comparative Statements – Trend Analysis – Common Size Statements. 

Unit – II

Ratio Analysis: Meaning –Nature, Different Types of Ratios, Their Uses and Limitations. Computation of Ratios – Liquidity Ratios, Turnover Ratios, Profitability Ratios, Coverage Ratios, Solvency Ratios, Solvency Ratios, etc.

Budgetary Control: Concept of Budget, Budgeting and Budgetary Control, Objectives, Merits, and Limitations. Budget Administration. Functional Budgets. Fixed and Flexible Budgets. Zero Base Budgeting.

Unit – III

Fund Flow Statement: Meaning and Concept of Fund-Flow of Fund –Preparation of Fund Flow Statements – Uses and Significance. 

Cash Flow Statement: Difference between Fund Flow Statement and Cash Flow Statements – Preparation of Cash Flow Statements as Per AS-3 Norms.

Unit – IV

Responsibility Accounting: Concept, Significance, Different Responsibility Centres, Divisional Performance Measurement: Financial and Non-Financial Measures.