Accounting for Managers - प्रबंधकों के लिए लेखांकन

Program Class: Degree/ B.Com.

Year: Third

Semester: Sixth

Subject: Commerce

                       Course Title: Accounting for Managers

Course Learning Outcomes:

·        After completing this course a student will have:

·         Ability to understand the concept of Managerial Accounting along with the basic forms and norms of Managerial Accounting.

·        Ability to understand the terminologies associated with the field of Managerial Accounting and control along with their relevance.

·         Ability to identify the appropriate method and techniques of Managerial Accounting for solving different problems.

·        Ability to apply basic Managerial Accounting principles to solve business and industry related issues and problems.

·         Ability to understand the concept of Budgetary Control, Cash Flow Statement, Fund Flow Statement, Break Even Analysis etc.

Credits: 5

Core Compulsory

Max. Marks: 25+75

Min. Passing Marks: 10+25

Unit

Topics

I

Management Accounting- Concept, Meaning, Characteristics, Difference between Financial Accounting Management Accounting, Difference between Cost Accounting and Management Accounting, Techniques, Objectives and Importance. Management Accountant- Duties, Status, Functions and Responsibility. Financial Statement Analysis and Interpretation – Meaning, Objectives, Characteristics of an Ideal Financial Statement, Parties Interested in Financial Statement, Types of Financial Analysis – Horizontal, Vertical and Trend Analysis.

II

Ratio Analysis: meaning, Utility, Classification of Ratios – Profitability Ratio, Activity Ratio and Financial Position Ratios. Fund Flow and Cash Flow Statement- Concept, Meaning of the term Fund and Preparation of Fund Flow Statement and Cash Flow Statement (As-3).

III

Business Budgeting: Meaning of Budget and Budgeting, Objectives, Limitations and importance, Essentials of effective Budgeting, Classification of Budgets- Flexible budget and Zero Based Budget. Marginal Costing: Meaning, Determination of Profit under Marginal Costing, Pricing of Product, make or by Decision, Selection of most profitable channel. Break Even Analysis: Concept and Practical Applications of Break even Analysis.

IV

Standard Costing and Variance Analysis: Meaning and Objectives of Standard Costing Setting of Standard, Variance Analysis: Material and Labour Variance. Reporting to Management: Meaning, Objectives, Principles of Reporting, Importance of Reports, Classification of Reports, Reporting at different Levels of Management.