Management Accounting

Unit 1

Introduction to Management Accounting [7 Hrs] Meaning, objectives, Difference between Financial Accounting and Management Accounting, role and responsibilities of Management Accountant Relevant costing: and decision making, Introduction to cost behaviour and cost volume relationship variation of cost behaviour relevant Information and decision making

Unit 2

Marginal Costing as a Tool for Decision Making [8Hrs] Break Even-Point, Make or Buy Decision, Change in product Mix, Pricing Decisions, Exploring a New Market, Shut- down Decisions.

Unit 3

Budgets and Budgetary Control [6Hrs] Preparing flexible budgets, Standard Costing and Variance Analysis for material and labour , Introduction to Responsibility accounting: meaning and types of responsibility centers

Unit 4

Analysis & Interpretation of Financial Statements [10Hrs] Meaning and Importance of Financial Statements, Types of financial statements ,Steps and procedure of analysis and Interpretation; Trend analysis & Ratio Analysis.

Unit 5

Financial Analysis and Forecasting [9Hrs] Fund Flow and Cash Flow Analysis, other Financial Forecasting tools.