MANAGEMENT ACCOUNTING

Paper Code: 
DATG 601A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

    Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to:

CO 126: Analyse and understand the concept of Management Accounting and Working Capital Requirement.

CO 127: Develop skills in planning & arranging different type of Capital Structure in long Term and Short Term.

CO 128: Evaluate the concept of Cash Flow Statement & Develop the skills of Preparing it under the guidance of Accounting Standards.

CO 129: Develop the skills among the students to analyse and interpret in the field of Standard Costing or Variance Analysis.

CO 130: Evaluate critically Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing.

Explanations, Discussion, Project work.

 

 

 

Observation, Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

  

 

12.00
Unit I: 
Introduction

                                                                                                                                                                                                                       

·       Meaning of Management Accounting,

·       Functions of Management Accounting

·       Difference between cost accounting and management accounting

        Cost Control, Cost Reduction and Cost Management

12.00
Unit II: 
Capital Structure :

                                                                                           

  • Concept, factors affecting capital structure,
  • Theories of Capital Structure: Net Income Theory, Net Operating Income Theory, Traditional Theory, Modigliani-Miller Theory,
  • Modern theories of capital structure
12.00
Unit III: 
Budgetary Control

                                                            

  • Budgeting and Budgetary control: Concept of Budget, budgeting and budgetary control, objectives, merits and limitations.
  •  Budget administration, Functional Budget, Fixed and flexible budgets, zero based budgeting, programme and performance budgeting

 

12.00
Unit IV: 
Standard Costing and Variance Analysis:

                                                     

  • Meaning of standard cost and standard costing, advantage, limitations and applications,

           Variance Analysis-Material, Labour, Overhead and Sales Variance

 

12.00
Unit V: 
Activity Based Costing:

 

·       Concept, Nature or Characteristics, Elements, Process or Stages,

·       Identification of Cost Drivers, Determination of Cost of each activity,

·       Assigning or Tracing Activity Cost to Products,

·       Distinction between Activity Based Costing System and Traditional System,

                  Advantages and Limitations of Activity Based Costing System

 

Contemporary Issues:

·       Responsibility Accounting: Concept, significance, different responsibility centres,

·       Divisional performance measurement, financial and non-financial measures,

         Transfer Pricing

Essential Readings: 
  • Agrawal, & Agrawal Management Accounting Ramesh Book Depot
  • Khan & Jain Management Accounting Tata Mc Graw Hill
  • Agarwal, M.R,  Management Accounting Malik and Company

 

References: 

SUGGESTED REFERENCE BOOKS:

  • Singh  , S. K Management Accounting Sun India Publications
  • Chakraborty, H.  &  Chakraborty, S. Management Accounting Oxford University Press
  • Maheshwari , S.N Management Accounting and Financial AnalysisS.Chand& Sons
  • Vinayakkam, N. & Sinha, IB Management Accounting  Himalaya Publishing House
  • Kaplan, R.S& Atkinson , A.A .Advance Management Accounting Prentice Hall India New Delhi

 

e RESOURCES:

 

REFERENCE JOURNALS:

  • The Indian Journal of Commerce           
  • FIIB Business Review
  • Vikalpa: Journal for Decision Makers

 

Note:  The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.

 

 

 

 

Academic Year: 
2023-2024
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