Course Code: BBA402 |
Course Title: Management Accounting (4 Credits) |
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