L T P/S SW/FW No.
of TOTAL
PSDA CREDIT
Course Title: Management Accounting UNITS
Course Code: ACCT315 3 0 0 0 0 3
Credit Units: 3
Level: UG
Course Objectives:
• To acquaint the students with application of Financial Statement Analysis.
• To prepare the students in applying, analyzing and evaluating the Financial and Cost decisions.
• To develop the students in providing aid and forming managerial decision making based on Management Accounting aspects.
• To expose the students to the latest framework used to facilitate the process of decision making in today’s dynamic business world.
Prerequisites:
• Student should have Conceptual knowledge of Financial Accounting.
• Analytical and Interpretation skills
Weightage
(%)
Module I: Management Accounting 15
Descriptors/Topics
Nature & Scope: Meaning and Definition - Objectives of Management Accounting - Management Accounting and Financial
Accounting - Management Accounting and Cost Accounting - Utility of Management Accounting - Limitations of Management
Accounting - Position of Management Accountant in the Organisation. Concept of Financial Statements and their Nature -
Limitations of Financial Statements - Analysis and Interpretation - Tools - Comparative Financial Statements - Common size
Statements - Trend Percentages
Module II: Ratio Analysis 20
Descriptors/Topics
Ratio Analysis - Nature and Interpretation - Utility and Limitations of Ratios - Short-term Financial Ratios - Long-term
Financial Ratios - Profitability Ratios - Proprietary and Yield Ratios - Turnover Ratios and other capital ratios, Du-Pont analysis,
efficiency ratios and market ratios.
Module III: Cash Flow Analysis 20
Descriptors/Topics
Distinction of Cash from Funds - Utility of Cash Flow Statement - Construction of Cash Flow Statement Accounting standard III
issued by ICAI
Module IV: Budgets and Budgetary Control 20
Descriptors/Topics
Concept of Budgets and Budgetary Control - Nature and Objectives of Budgetary Control - Advantages and Limitations of
Budgetary Control - Establishing a system of Budgetary Control - Preparation of Sales Budget, Selling and Distribution Cost Budget,
Production Budget, Purchase Budget, Cash Budget etc. - Flexible Budgets and Master Budgets, Zero base budgeting.
Module V: Standard costing and Variance Analysis 15
Descriptors/Topics
Standard costing and variance analysis: Meaning of standard cost and standard costing: advantages, limitations and applications, Variance
analysis – material, labour, overhead and sales variances, Disposition of variances.
Module VI Responsibility Accounting 10
Introduction: Meaning, fundamental aspects of Responsibility Accounting , Steps involved in Responsibility Accounting,
Responsibility Centre and their types, Advantages, Illustrations.
Course Learning Outcome:
• To make the students remember the accounting fundamentals and understand the application of Financial Statement Analysis.
• To evolve the students in applying the theoretical aspects and techniques into practice.
• To develop the students in analyzing the financial statements by using various aid in forming managerial decision making.
• To expose the students in evaluating the performance of the companies based on different cost and management aspects.
• To create analytical skills in facilitating the sound managerial decision making in the dynamic business world.
To understand the analysis of financial statements, able to apply analyze and evaluate the accounting information that is useful for the
purpose of decision making at the industry and business level.
Pedagogy for Course Delivery:
The course is covered by adopting a combination of lecture methods, class presentation by groups of students, self study sess ions. Group Assignment &
Presentation to build their own analysis and apply the knowledge for the preparation of management decisions and power point presentation will be used to
discuss various concepts and techniques of Management Accounting.
List of Professional Skill Development Activities (PSDA):
i) Field based activity on the live data of companies based on ratio and cash flow analysis will be given. Project on the secondary data of
listed company can be given as a self work.
Lab/ Practicals details, if applicable: Not Applicable
Assessment/ Examination Scheme:
Theory L/T (%) LAB/Practical/Studio End Term Examination
40% N.A 60%
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment End Term
Examination
Components (Drop Mid-Term Exam Activities/Presentation Project Attendance
down)
Weightage (%) 15 10 10 5 50
Mapping Continuous Evaluation components/PSDA with CLOs
• To make the students to remember the accounting fundamentals and understand the application of Financial Statement Analysis.
• To evolve the students in applying the theoretical aspects and techniques into practice.
• To develop the students in analyzing the financial statements by using various aid in forming managerial decision making.
• To expose the students in evaluating the performance of the companies based on different cost and management aspects.
• To create analytical skills in facilitating the sound managerial decision making in the dynamic business world.
To understand the analysis of financial statements, able to apply analyze and evaluate the accounting information that is useful for the
purpose of decision making at the industry and business level.
Bloom’s Level > Understanding Applying Analyzing Evaluating Creating
Course Learning CLO1 CLO2 CLO3 CLO4 CLO5
Outcomes
Assessment type/
PSDA
Mid Term √ √ √ √
Activities √ √ √
Home Assignment √ √ √
PSDA 1 √ √ √ √ √
Text:
Dr. S.N. Maheswari , Management Accounting Made Gowda, Management Accounting
Dr. S.N. Goyal and Manmohan, Management Accounting
Khan and Jain, Management Accounting
B.S. Raman, Management Accounting
R.S.N. Pillai and Bagavathi, Management Accounting
J. Batty, Management Accounting
References
1. Horngren C T, Sundem G L and Elliott J A. Introduction to Financial Accounting (8th ed.). Pearson Education.
2. Horngren, C.T., Foster, G, and Datar, S.M. Cost Accounting: A Managerial Emphasis. New Delhi: Prentice Hall of India Pvt. Ltd.
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