Week 1: Management accounting-relevance and rationale, Major differences between Management Accounting,Financial Accounting & Cost Accounting, Historical development of Management Accounting as subject of academic interest, Uses & Applications of Management Accounting in managerial decision making, Cost sheet or statement of cost - Concept & rationale
Week 2: Preparation of cost sheet, Treatment of stock in cost sheet, Budgeting as tool of Management Accounting -Uses & applications, Different types of Budget - Master budget, Flexible budget & cash budget.
Week 3: Master Budget - Methods of preparing master budget, Case studies
Week 4: Master Budget - Case studies (contd), Flexible Budget - Concept & rationale, uses and applications of flexible budgets. Major differences between Master & Flexible budgets, methods of preparing flexible budget
Week 5: Methods of preparing flexible budget, Standard costing - Concept & rationale, Major differences between budgets & standard costing, Tool & techniques of standard costing.
Week 6: Variance analysis - Analysis of Material, labor & overhead variances.
Week 7: Variance analysis - a case study, Marginal Costing - Meaning and rationale, Tools & techniques of Marginal Costing
Week 8: Applications of marginal costing in management decision making
Week 9: Marginal costing - a case study, Activity based costing (ABC) -Concept, Methods/Techniques of ABC, ABC in Manufacturing industry.
Week 10:ABC in Manufacturing industry and service industry
Week 11:Management Control system - Tools & Techniques
Week 12:Responsibility accounting. Concept & Rationale, responsibility centres, goal congruence, managerial efforts and motivation; Controllability and measurement of financial performance, responsibility accounting in service, government and non-profit organizations.