Coming soon
Cost and Management Accounting
The course will enable students to -
- Promote the knowledge of Cost and Management Accountancy.
- Enable students to acquire knowledge of concepts, methods and techniques of management accounting for the purpose of planning, control and decision making by the management.
- Develop the ability and competence to have a problem-solving approach towards the issues which accompany the dynamism attached to the business world.
Course Outcomes (Cos):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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ATG / BSG / FSG 221 |
Cost and Management Accounting (Theory) |
The students will–
CO31: Understand thoroughly the conceptual framework of Management Accounting; identification of differences between Cost Accounting and Management Accounting. CO32: Understand and analyze capital budgeting process and capital budgeting techniques. CO33: Critically examine various theories of dividend and factors affecting dividend policy. CO34: Understand the concept of cost of capital and computing cost of different sources of capital. CO35: Understand the concept of relevant and irrelevant costs and make decisions related to product and production using marginal costing and differential costing techniques. CO36: Understand budgetary control system as a tool of managerial planning and control; develop an ability to prepare various types of budget. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self learning assignments, Effective questions, Giving tasks, Solving numerical problems |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
- Introduction: Meaning of Management Accounting, Functions of Management Accounting, Difference between cost accounting and management accounting.
- Financial Leverage – Measures – EBIT, EPS Analysis – Operating Leverage– Financial - Business and Operating Risks.
· Capital Budgeting :Meaning, Importance, Kinds of Capital Budgeting Decision: Accept, Reject Decision, Mutually Exclusive Project Decision.Methods of Ranking Investment Proposals: Traditional Techniques, Discounted Cash Flow Methods, Limitations of Capital Budgeting.
Cost of Capital: Definition and Meaning, Significance, Classification, Historical Cost and Future Cost, Specific Cost of Capital for various Sources of Finance: Cost of Debt , Cost of Preference Capital, Cost of Equity Capital, Cost of Retained Earnings, Weighted Average Cost of Capita
- Dividend Theories – Walter's Model – Gordon and MM‟s Models – Dividend Policy. Forms of Dividend – Determinants of Dividend Policy
- Budgeting and Budgetary Control: Concept of Budget and Budgetary Control objectives, merits, and limitations, Functional Budgets, Fixed and Flexible Budgets, Zero Base Budget
- Productivity Accounting :Concepts, Classification, Measurement of productivity
- Employees Cost Analysis: Cost Benefit analysis, Measurement of Labour turnover, Overtime, Idle time, Bonus scheme for officers
- Cost Concepts for Decision Making: Relevant cost, opportunity cost, differential cost, and their application, Research and development cost
- Product and Production Decisions, Make or buy decision, Shut down or continue decision, Expand or contract decision, Export Vs. domestic sale decision etc
- Management Accounting - Agrawal, Agrawal(Ramesh Book Depot)
- Management Accounting-Khan and Jain(Tata McGraw Hill)
- Cost Analysis and Cost Control: Oswal, Modi , Mangal, (Ramesh Book Depot)
- Advanced Cost Accounting: Oswal, Modi , Mangal, (Ramesh Book Depot)
- Management Accounting-H.Chakraborty and S. Chakraborty(Oxford University Press)
- Management Accounting and Financial Analysis-Dr S.N Maheshwari(S.Chand& Sons)
- Management Accounting- N. Vinayakkam& IB Sinha (Himalaya Publishing House)
- Advance Management Accounting-R.S Kaplan& A.A Atkinson (Prentice Hall India New Delhi)
