Online Course
Management Accounting
Indian Institute of Technology Roorkee , NPTEL and CEC via Swayam
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39
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Overview
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
Syllabus
COURSE LAYOUT
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
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