MANAGEMENT ACCOUNTING (MS 1004) COURSE OBJECTIVES: The students should be able to Comprehend the need, definition, function,

, basic concepts of financial and cost accounting Understand the computerised environment of accounting Interpret and analyse the annual reports of corporate entities Improve analytical ability to take managerial decisions.

Course contents:
Details Cred it Hour s 3 1 2 1 2 2 6

1.
1.1

Financial Accounting
Introduction to Accounting

Basic accounting concepts, accounting equations, conventions, accounting principles and Accounting standards Journal, Ledger, Cash book
1.2 Valuation of fixed assets and Inventory

Valuation of Fixed Assets, concepts of tangible and intangible assets Depreciation of fixed assets and methods of depreciation. Inventory valuation principles and methods.
1.3 Financial Statement Preparation and Analysis

Preparation of Trial Balance, Trading, Profit &Loss account and Balance Sheet. Basic idea of Financial Report Analysis.

1.4

Corporate Accounting

Basic entries for Issue of shares and debentures. Corporate presentation of Profit &Loss account and Balance Sheet.
1.5 Fund flow & Cash Flow Statement

1 3

Concept of Cash from Operation, Cash from Investing and Financing Activities. Preparation of Cash Flow Statement and Fund Flow Statement. 2.
2.1

1 3

Cost Accounting
Introduction to Cost Accounting

Overview of Cost Accounting, Cost Classification and Segregation. Relationship with Financial Accounting. Allocation, Apportionment and Distribution of Overheads Absorption Costing Concept, Under Absorption and Over Absorption of Overheads

1 1 1

Minimisation of Total Inventory Cost: Economic Order Quantity and Different Levels of Materials. Cost Sheet, Job and Batch costing.
2.2 Marginal Costing and Cost-volume Profit Analysis

2 3 4

Break Even Analysis, Applications of Marginal Costing in decision making - Key Factor considerations
2.3 Budgets, Budgetary Control and Variance Analysis

Functional Budgets - Flexible Budgets, Basics of Budgeting & Budgetary Control Basic idea on Standard Costing: Materials Cost and Labour Cost Variances only.
2.4 Misc. Concepts

2 2

Integrated Accounting System, Basic idea on Activity Based Costing 3. Case Study Case Study on Accounting. Case Study on Costing. Total

2 2 46

Text and Reference: 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) Advanced Accountancy:- Sukla & Grewal Management Accounting:- Khan & Jain Financial Accounting:- Haniff & Mukherjee Advanced Accountancy:-Jain & Narang Financial Accounting for Managers: - Ramchandan & Kakani Financial Accounting:- Naryanswami Management Accounting:- Singhvi & Bodhanwala Cost Accounting:- Bhabatosh Banerjee Cost & management Accounting:- Duncan Williamson Cases in Financial Management:- IM pandey/ Ramesh Bhatt Cases in Finance:- Kaushal

Name of the Paper: Management Accounting (Code: MS-

1004)
Name of the Faculty: Anupam De SCHEME FOR EVALUATION Wei CI ESE ght A* ** 50 100 100 Maximu % m Marks Minimum for Passing *CIA= Continuous Internal Assessment **ESE = End. Semester Examination BREAK-UP OF CIA Particulars Marks Frequency Total Marks NA NA 5 *** Attendance Class Participation Assignment
(Case Study)

Wei ght 50%

To tal 10 0 40

Remarks
On the basis of predefined criteria mentioned below On the basis of surprise class test and continuous performance in the class -

NA 20

NA 1

5 20

Class Test
(Numerical problems)

10

20 50

Total

BREAK-UP marks on Class Attendance *** Attendance Marks 95 - 100 % 5 90-94% 4 85 - 89 % 3 80-84% 2 75 - 79 % 1 Below 75 % 0