See all results for
    1. Year of MOOC-based Degrees: A Review of MOOC Stats and Trends in 2018
    2. Are MOOCs Going to Disappear? 4 Challenges to Overcome
    3. The Definitive List of Courses for Learning About the United Nations Sustainable Development Goals
    See more
    1. Sign in
    2. Register

    Get started with custom lists to organize and share courses.

    Sign up

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

    Management Accounting

    Indian Institute of Technology Roorkee and NPTEL via Swayam

    Found in Accounting
    Go to class

    Taken this course? Share your experience with other students. Write review

    Overview

    Management accounting is a subject of recent origin which has facilitated the managerial decision making more effectively and efficiently. The tools & techniques of management accounting are very useful for strategic managerial decisions facilitating cost control, profit maximization, organizational planning and control. Innovative costing techniques like ABC and responsibility accounting help the business organizations to sustain in a competitive global scenario and expand their product lines and markets. Management control systems help the businesses to use their scarce resources efficiently and effectively and contribute in the maximization of the firm value

    INTENDED AUDIENCE: M.Com, MBA, MFC, CA, ICWA, CS, Working professionals in the area of finance. 
    PREREQUISITES:          Nil.      
    INDUSTRY SUPPORT:   All companies working in any area would value this course

    Syllabus


    COURSE LAYOUT


    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.

    Taught by

    Prof. Anil K. Sharma

    Highest Rated Courses

    Browse More Accounting courses

    Reviews for Swayam's Management Accounting
    Based on 0 reviews

    • 5 star 0%
    • 4 star 0%
    • 3 star 0%
    • 2 star 0%
    • 1 star 0%

    Did you take this course? Share your experience with other students.

    Write a review

    Class Central

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

    Sign up for free

    Never stop learning Never Stop Learning!

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

    Sign up for free