COURSE DESCRIPTION Title of Course: MANAGEMENT ACCOUNTING Course Code: MB-201 L-T Scheme: 3L+1T Course Credits: 4 Course Objectives: This course provides a comprehensive knowledge of classification of cost, Apportionment of overheads, process costing, activity based costing, segmental reporting, preparation of budgets and cost- volume profit analysis for decision making and cost control. Learning Outcomes: At the end of the course, students are able to 1.Explain the concepts of unit costing activity costing, apportionment of overheads, process costing, segmental reporting and budgeting. 2. Exhibit skills in Identifying, Measuring and analyzing costing data. Course Contents: Unit 1: Background - Nature of Management Accounting Unit 2: Financial Analysis - Cash Flow Statement (as per AS3), Financial Statements Analysis Unit 3: Cost Accumulation - Fundamentals of Batch & Process Costing, Variable Costing and Absorption (Full) Costing, Activity Based Costing System - Cost -Volume-Profit Analysis, Budgeting and Profit Planning, Flexible Profit Planning Budgeting - Standard Costs and quality Costs, Cost Variance Analysis, Unit 4: Cost Control Revenue and Profit Variance Analysis, Responsibility Accounting Relevant Costing – Introduction Relevant Costs and Revenues- Cost Concepts Outsourcing Decision – – – Decision to accept or reject a special order Decision to continue or project – Unit 5: Total Cost Management Introduction TCM and Business competitive edge - – – TCM Principles and implementation
COURSE DESCRIPTION Title of Course: MANAGEMENT ACCOUNTING Course Code: MB-201 L-T Scheme: 3L+1T Course Credits: 4 Course Objectives: This course provides a comprehensive knowledge of classification of cost, Apportionment of overheads, process costing, activity based costing, segmental reporting, preparation of budgets and cost- volume profit analysis for decision making and cost control. Learning Outcomes: At the end of the course, students are able to 1.Explain the concepts of unit costing activity costing, apportionment of overheads, process costing, segmental reporting and budgeting. 2. Exhibit skills in Identifying, Measuring and analyzing costing data. Course Contents: Unit 1: Background - Nature of Management Accounting Unit 2: Financial Analysis - Cash Flow Statement (as per AS3), Financial Statements Analysis Unit 3: Cost Accumulation - Fundamentals of Batch & Process Costing, Variable Costing and Absorption (Full) Costing, Activity Based Costing System Profit Planning - Cost -Volume-Profit Analysis, Budgeting and Profit Planning, Flexible Budgeting Unit 4: Cost Control - Standard Costs and quality Costs, Cost Variance Analysis, Revenue and Profit Variance Analysis, Responsibility Accounting Relevant Costing – Introduction – Relevant Costs and Revenues- Cost Concepts – Outsourcing Decision – Decision to accept or reject a special order – Decision to continue or project Unit 5: Total Cost Management – Introduction – TCM and Business competitive edge - TCM Principles and implementation
EMBA-2nd-Sem.docx