Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Online Course

Management Accounting

Indian Institute of Technology Roorkee , NPTEL and CEC via Swayam


The course has been organised brilliantly to cover all the essential aspects related to analysis of financial performance and developing budgets, future financial planning and creating awareness of financial discipline in day today business activities.

This course provides an overview of the decision making in the field of controlling cost of production, reducing wastages and thereby reducing cost of production. It will help students to achieve an organized approach to solve financial problems. During the course the students will be imparted comprehensive understanding on key concepts of management accounting as well as contemporary issues in management accounting. . The current course will mainly focus to equip the students with the basic understanding of the various methods for better financial management and decision making in changing business scenario and to provide an insight into the application of dynamic analytical techniques to face the stormy challenges, aimed at fulfilling the objective of business decision making



Module:1 Concept of Management Accounting – Meaning, Nature and Objectives

Module:2 Scope of Management Accounting

Module:3 Cost Accounting and Management Accounting – Meaning, Differences, Advantages and Limitations

Module:4 Cost Management

Module:5 Cost Control

Module:6 Cost Reduction

Module:7 Concept of Budget and Budgeting

Module:8 Concept of Budgetary Control Module:9 Functional Budgets-1

Module:10 Functional Budgets-2

Module:11 Fixed and Flexible Budgeting-1

Module:12 Fixed and Flexible Budgeting-2

Module:13 Zero Based Budgeting

Module:14 Budget Administration, Program and Performance Budgeting

Module:15 Meaning of Standard Cost and Introduction to Standard Costing

Module:16 Standard Costing – Material Cost Variances

Module:17 Standard Costing – Labour Cost Variances

Module:18 Standard Costing – Overhead Cost Variances

Module:19 Standard Costing – Sales Variances

Module:20 Disposition of Variances

Module:21 Concept of Marginal Costing

Module:22 Introduction to Absorption Costing

Module:23 C.V.P Analysis including B.E. Analysis – Algebraic and Graphic Methods

Module:24 Angle of Incidence, Margin of Safety and Sensitivity Analysis in CVP Analysis Utility, Limitations and Application of Break Even Analysis

Module:25 Utility, Limitations and Application of Break Even Analysis

Module:26 Concept of Absorption Costing – Difference between Absorption and Marginal Costing, Income Determination under Absorption Costing

Module:27 Concept of Key Factor – Determination of Key Factor, its uses and Applications

Module:28 Concept of Decision Making and its Process and Various terminologies of Cost for Decision Making

Module:29 Decision Making - Make or Buy, Add or Replace a Product

Module:30 Decision Making – Accept –Reject, Special Export Orders

Module:31 Decision Making – Sale or Process Further, Operate or Shut Down

Module:32 Decision Making – Expand or Status Quo and Asset Acquisition DecisionModule:33 Decision making – Product Mix

Module:34 Decision Making – Profit Planning

Module:35 Contemporary issues – Concept and Significance of Responsibility Accounting and Different Responsibility Centers

Module:36 Contemporary issues – Divisional Performance Measurement in Responsibility Accounting- Financial Performance

Module:37 Contemporary issues – Divisional Performance Measurement in Responsibility Accounting- Balanced Score card

Module:38 Contemporary issues – Divisional Performance Measurement in Responsibility Accounting- Transfer Pricing

Module:39 Contemporary issues- Target Costing, Kaizen Costing and Life Cycle Costing

Taught by

Prof. Anil K. Sharma

Related Courses


0.0 rating, based on 0 reviews

Start your review of Management Accounting

Never stop learning Never Stop Learning!

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free