Management Accounting

Paper Code: 
25DATG601A
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 Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

 

  25DATG601A

 

 

 

 

 

 

 

 

Management Accounting (Theory)

CO151:            Understand                   the

concept       of          Management

Accounting.

CO152:    Develop    skills in

planning & arranging working

capital.

CO153: Evaluate the concept of

Budgeting   and                   its                 different

methods.

CO154: Develop the skills to

analyze and interpret Standard Cost or Variance Analysis.

CO155: Evaluate Management Accounting practice with the aim

of improving the management

accounting system by applying

Activity Based Costing.

CO156: Contribute effectively

in course-specific interaction

Approach

in

teaching:

Interactive

Lectures,

Discussion,

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

Cost Control, Cost Reduction and Cost Management

12.00
Unit II: 
Management of Working Capital

●       Concepts and Significance, Factors affecting working capital requirements,

●       Ascertainment of working capital requirements using Operating Cycle Method, Net Current Assets or Forecasting Method, Projected Balance Sheet Method,

●       Salient features of Tandon Committee and Chore Committee.

●       Ratios relating to working capital.

Case Study of working capital requirement for various industries.

12.00
Unit III: 
Budgetary Control

·        Concept of Budget, budgeting and budgetary control,

·        Objectives, merits and limitations.

·        Budget administration, Functional Budget, Fixed and flexible budgets,

Zero Based Budgeting, 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: 
  • Management 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)
  • 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)

 

References: 
  • M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
  • Gupta S.P, Management Accounting, Sahitya Bhawan Publications.

 

Academic Year: 
2025-2026
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