Management Accounting

CONTENT

1. Management Accounting—An Introduction, 2. Elements of Cost and their Classification, 3. Contemporary Issues in Management Accounting, 4. Marginal Costing and Absorption Costing, 5. Financial Statement, 6. Break-Even-Point or Cost-Volume Profit Analysis, 7. Decision Accounting and Marginal Costing System, 8. Business Budgeting, 9. Budgetary Control. 

SYLLABUS

Unit I: Management Accounting : Nature and Functions, Financial vs. Management Accounting. Cost vs. Management Accounting, Role of Management Accountant Cost Concepts and Classi-fications.

Unit II: Activity Based Product Costing : Concept and Uses, Emerging Costing Approaches Variable and Absorption Costing—Concept, Comparison, Applications of Variable Costing, Preparation of Income Statements.

Unit III: Cost Volume Profit (CVP) Analysis : Contribution Margin, Break-Even Analysis, Profit Volume (P/V) Analysis, Multiple Product Analysis, Optimal Use of Limited Resources.

Unit IV: Budgeting : Nature and Functions, Preparation of Different Types of Budgets, Fixed Versus Flexible Budgeting.