Course Curriculam

Course Code: ACCT330 Credit Units L T P/S SW AS/DS FW No. of PSDA Total Credit Unit
Course Level UG 4 0 0 2 0 0 0 5
Course Title Accounting for Management

Course To expose the students to the latest framework used in management decision making in today’s dynamic business world.
Description :

Course Objectives :

SN
Objectives
.
1 • To expose the students to the latest framework used to facilitate the process of decision making in today’s dynamic business world.
• To acquaint the students with application of Financial Statement Analysis. • To prepare the students in applying, analyzing and evaluating the
2 Financial and Cost decisions. • To develop the students in providing aid and forming managerial decision making based on Management Accounting
aspects.

Pre-Requisites : General

SN. Course Code Course Name

Course Contents / Syllabus :

SN. Module Descriptors / Topics Weightage

Module I:
Management Accounting- Concept, Meaning, Characteristics, Difference between Financial Accounting Management
Management
Accounting, Difference between Cost Accounting and Management Accounting, Techniques, Objectives and
Accounting
1 Importance. Management Accountant- Duties, Status, Functions and Responsibility. Financial Statement Analysis 15.00
and Financial
and Interpretation - Meaning, Objectives, Characteristics of an Ideal Financial Statement, Parties Interested in
Statement
Financial Statement, Types of Financial Analysis - Horizontal, Vertical and Trend Analysis.
Analysis
Module II:
Ratio Ratio Analysis: meaning, Utility, Classification of Ratios - Profitability Ratio, Activity Ratio and Financial Position
2 Analysis and Ratios. Difference between Fund Flow and Cash Flow Statement. Cash Flow Statement- Concept, Meaning and 25.00
Cash Flow Preparation of Cash Flow Statement (As-3). Benchmarking analysis of the company with the industry.
Analysis
Module III:
Budget, Business Budgeting: Meaning of Budget and Budgeting, Objectives, Limitations and importance, Essentials of
Budgeting effective Budgeting, Classification of Budgets- Flexible budget and Zero Based Budget. Marginal Costing: Meaning,
3 and Cost Determination of Profit under Marginal Costing, Pricing of Product, make or by Decision, shut down or continue 25.00
Volume decision making, Selection of most profitable channel. Break Even Analysis: Concept and Practical Applications of
Profit Break even Analysis
Analysis
Module IV: Standard Costing and Variance Analysis: Meaning and Objectives of Standard Costing Setting of Standard, Variance
4 Variance Analysis: Material and Labour Variance. Reporting to Management: Meaning, Objectives, Principles of Reporting, 20.00
Analysis Importance of Reports, Classification of Reports, Reporting at different Levels of Management
Module V:
Responsibilit
Contemporary issues: Responsibility Accounting: Concept, Significance, Different Responsibility Center. Divisional
5 y Accounting 15.00
Performance Measurement, Transfer Pricing
and Recent
Trends

Course Learning Outcomes :

SN. Course Learning Outcomes
1 • To understand various techniques used for management accounting in practical situations.
2 • To apply different tools of management accounting for their decision making.
3 • To analyze financial statements using techniques of ratio analysis, Cash flow analysis and budgeting process.
4 • To create and integrate management accounting skills in facilitating the sound managerial decision making
5 • To create and integrate management accounting skills in facilitating the sound managerial decision making in the dynamic business world.

Pedagogy for Course Delivery :

SN. Pedagogy Methods

The course is covered by adopting a combination of lecture methods, class presentation by groups of students, case based approach, self-study
sessions. Group Assignment & Presentation to build their own analysis and apply the knowledge for the preparation of management decisions and
1
power point presentation will be used to discuss various concepts and techniques of Management Accounting. The students would be provided
with e-content in form of audio/video material, e-notes / course material. In

Theory /VAC / Architecture Assessment (L,T & Self Work): 100.00 Max : 100

Attendance+CE+EE : 5+35+60

SN. Type Component Name Marks

1 Attendance 5.00
2 End Term Examination (OMR) 60.00
3 Internal MID TERM EXAM 15.00
4 Internal HOME ASSIGNMENT 10.00
5 Internal PRESENTATION 10.00

Lab/ Practical/ Studio/Arch. Studio/ Field Work Assessment : 0.00 Max : 100

N/A

List of Professional skill development activities :

No.of PSDA : 2
SN. PSDA Point
1 i) Field based activity on the live data of companies based on ratio and cash flow analysis.
2 ii) Project on the secondary data of listed company based on financial statement analysis tools.

Text & References :

SN. Type Title/Name Description ISBN/ URL

1. Horngren, C.T., Gary L. Sundem and
1 Book William O. Stratton: Introduction to
Management Accounting, Pr
 3. Lall, B.M. and I.C. Jain: Cost Accounting:
2 Book Principles and Practice, Prentice Hall of
India, Delhi
4. Welsch Glenn A., Ronald W. Hilton and
3 Book Paul N. Gordon Budgeting, Profit Planning
and Control, Pren
7. Lal Jawahar; Managerial Accounting,
4 Book
Himalya Publishing House, New Delhi