MANAGEMENT ACCOUNTING

Paper Code: 
MFM 325
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

CO 1: Understand management accounting practices and capitalization

CO 2: Analyze and apply decisions based on CVP analysis.

CO 3: Develop conceptual background of various approaches of capital structure theories.

CO 4: Recognize the concept and

Approach in teaching: Interactive Lectures using whiteboards, Discussion, Tutorials, Reading assignments, Demonstration, Team teaching, Short Quiz consisting of numerical problems

 

Learning activities for the students:

Self learning assignments, Effectivequestions, Solving problems of unsolved questions, Problem based learning-cases, Group

learning teamwork,

Class test, Semester end examinations,Quiz, Solving problems in tutorials, Assignments, Presentation, Individual andgroup projects, Taskbased exerciseto assess student’s understanding

use of Cash Flow Analysis.

 

CO 5: Analyze the variances and

 

take the corrective actions

 

CO  6:   Apply   corporate   cash

 

management                        and                        accounts

 

receivables                     management        to

 

maximize the shareholders’ value.

 

 

12.00
Unit I: 

Introduction: Meaning of Management Accounting, Functions of Management Accounting, Difference between cost accounting and management accounting.

Capitalization – Under Capitalization and Over Capitalization.

 

12.00
Unit II: 

Capital Structures: Approaches to Capital Structure Theories - Net Income approach, Net Operating Income approach, Modigliani-Miller (MM) approach, Traditional approach, Capital Structure and Financial Distress, Trade-Off Theory.

 

12.00
Unit III: 

Cash Flow Analysis: Introduction, Concept of Cash, Use of Cash Flow Analysis, Construction of Cash Flow Statement

Management of Cash: Motives of holding cash, cash management, Cash Planning and Forecasting.

Management of Receivables: Cost associated with receivables, Objective and Factors affecting Investment in receivables, Credit Evaluation.

 

 

12.00
Unit IV: 

Standard Costing and Variance Analysis: Meaning of standard cost and standard costing, advantage, limitations and applications, Variance Analysis-Material Variance & Labour Variance

Introduction to Activity Based Costing

 

12.00
Unit V: 

Cost Volume Profit Analysis: Meaning, Significance and Limitations of CVP Analysis, Contribution, Profit Volume Ratio, Breakeven Point, Margin of Safety, Key factor, Decisions based on Marginal Costing like Make or Buy, Own or Lease, Shut down or Continue.

 

Essential Readings: 
Essential Readings:

·       Management Accounting-Agrawal, Agrawal(Ramesh Book Depot)

·       Management Accounting-Khan and Jain(Tata McGraw Hill)

·       Management Accounting-M.R Agarwal(Malik and Company)

·       Management Accounting: S. K Singh( Sun India Publications)

Suggested Readings:

·       Ravi M Kishor,Cost Accounting, Taxmann’s Publications

·       Ramachandran &Kakani, Financial Accounting for Management, Tata Mcgraw Hill.

Agarwal & Mishra, Business Finanace, RBD Publications

References: 
E-resources:

·       https://ebookcentral.proquest.com/lib/iisuniv-ebooks/reader.action?docID...

·       Elibrary.in.pearson.com

·       https://youtu.be/bS1eE88gepk

Journals:

·       International Journal of Financial Management, http://www.publishingindia.com/ijfm

·       Journal of Emerging Market http://sagepub.com

·       https://www.journals.elsevier.com/management-accounting-research

http://www.icmai-rnj.in/index.php/maj/issue/archive

Academic Year: 
2023-2024
  • Printer-friendly version
  • PDF version