Management Accounting

Course Code: BBA402

Course Title: Management Accounting (4 Credits)

 

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Course Contents

 

Unit 1: Introduction to Management Accounting:  Meaning, Features, Scope, Importance, Functions, Differences between Financial accounting, Cost accounting and Management accounting

 

Unit 2: Budgetary Control: Meaning, Characteristics, Objectives, Steps, Advantages, Limitations, Types of budgets

 

Unit 3: Standard Costing: Meaning, Advantages, Limitations, Preliminaries, Steps in setting up of standard costs, Differences between       Budgetary control and standard costing, Estimated cost

 

Unit 4: Variance Analysis: Meaning, Favourable and Unfavourable variances, Controllable and uncontrollable variances, Uses of variances,  Analysis of variances, Types of variances

 

Unit 5: Marginal Costing: Meaning, Features, Advantages, Limitations, Absorption costing

 

Unit 6: Cost – Volume – Profit Analysis: Contribution, Break even analysis, Profit Volume Ratio, Margin of safety

 

Unit 7: Analysis and Interpretation of Financial Statements: Meaning, Steps, Objectives, Types of Analysis,      Comparative financial statement, Common size financial statement, Trend Analysis

 

Unit 8: Ratio Analysis: Meaning, Advantages, Limitations, Classifications of ratios

 

Unit 9: Working Capital Management: Meaning of working capital, Kinds of working capital, Sources of working capital, Objectives of working capital management, Determinants of working capital requirement, Estimation of working capital requirement

 

Unit 10: Fund Flow Statement: Meaning, Uses, Limitations, Sources and uses of funds

 

Unit 11: Cash Flow Statement:Meaning, Uses, Limitations, Sources and uses of cash

 

Unit 12: Capital Budgeting: Meaning, Principles of capital, budgeting, Methods of evaluating, Capital Rationing.

 

Unit 13: Management of Profits/Dividend Policy: Meaning of dividend          policy, Types of dividend policy, Factors influencing dividend policy, Forms of dividend, Dividend models

 

Unit 14:Overview of latest developments in Accounting: Transfer Pricing, Responsibility , accounting, Inflation accounting, Divisional performance analysis, Human Resources Accounting

 

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