Management Accounting

Paper Code: 
24DBSG513B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to develop an understanding of management accounting concepts and procedures and application of the same in real world scenarios.

 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

24DBSG513B

Management Accounting

(Theory)

CO181: Analyse and understand the concept of Management Accounting.

CO182: Develop skills in planning & arranging different type of Capital Structure in long Term and Short Term.

CO183: Evaluate the concept of Budgetary Control and prepare different types of budgets.

CO184: Develop the skills among the students to analyse and interpret in the field of Standard Costing or Variance Analysis.

CO185: Evaluate critically Management Accounting practice with the aim of improving the management accounting system by applying Activity Based Costing.

CO186: Contribute effectively in course-specific interaction

Approach in

teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

12.00
Unit I: 
Introduction:
  • Meaning of Management Accounting
  • Functions of Management Accounting
  • Difference between cost accounting and management accounting

 

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

 

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

 

12.00
Unit IV: 
Standard Costing and Variance Analysis:
  • Meaning of standard cost and standard costing, advantage, limitations and applications,
  • Variance Analysis-Material, Labour and Overhead

 

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 betweenActivity Based Costing System and Traditional System,

Advantages and Limitations of Activity Based Costing System

Essential Readings: 
  • Mangement Accounting-Agrawal, Agrawal(Ramesh Book Depot)
  • Management Accounting-Khan and Jain(Tata Mc Graw Hill)
  • Management Accounting-M.R Agarwal(Malik and Company)
  • Management Accounting: S. K Singh( Sun India Publications)

 

References: 
  • M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
  • Gupta S.P, Management Accounting, Sahitya Bhawan Publications
  • Management Accounting-H.Chakraborty and S. Chakraborty(Oxfor University Press)
  • Management Accounting and Financial Analysis-Dr S.N Maheshwari(S.Chand& Sons)
  • Management Accounting- N. Vinayakkam& IB Sinha (Himalaya Publishing House

 

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: 
2024-2025
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