ACC 517: Management Accountancy
ACC 517: Management Accountancy
Credits: 3
Lecture Hours: 48
Course objectives
The objectives of this course are to provide extensive knowledge of
managerial accounting tools and techniques required for strategic planning and
controlling processes.
This course aims to provide exposure on managerial planning and control.
It helps to analyze managerial accounting information for control. It covers
cost management, income under marginal and absorption costing, cost volume
profit analysis, profit planning and performance control. It also deals with
technical and behavioral aspects of management accounting and control system.
- Lecture
- Assignments
- Discussion & Presentation
- Project & case work
- Library & Internet
·
Internal
o
Assignment
o
Presentation
o
Project work
o
Mid Term Exam
o
Pre Board Exam
·
External
o
Board Exam
Course Details
Unit 1: Concept of Management Accounting LH 3
- Concept, objectives, characteristics, functions and limitations of
management accounting
- Changing role of management accounting in an organization
- Controllership functions and responsibility
Unit 2: Cost Management and Reporting LH
8
- Concept, classification and allocation of costs
- Segregation of mixed cost: graphical presentation, two point method,
regression method, Co-efficient of determination, standard error of estimates,
standard error of regression co- efficient, confidence interval and student “t”
test
- Reporting and interpretation of net income under different situations
for internal and external use
- Reconciliation of net income
Unit 3: Cost-Volume-Profit-Analysis LH
8
- Concept, objectives, assumptions, limitations of
cost-volume-profit-analysis
- Application of cost-volume-profit for breakeven analysis and profit
planning including multiple products with interpretation
- CVP analysis under the condition of uncertainty
- Cost-volume-profit analysis under resource constraints
- Allocation of single resource constraint - Allocation of multiple
resource constraints using linear programming model
Unit 4: Activity Based Costing LH
5
- Concepts, need, objectives and limitations of ABC
- Limitations of traditional costing system
- Procedures of absorption of overhead under ABC
- Ascertainment of costs and profit under Traditional and ABC method
- Activity based profitability analysis
- Activity Based Management
Unit 5: Profit Planning LH
11
- Concepts, need, importance and objectives of budgeting
- Budgeting for profit planning: preparation of master budgets for
manufacturing and non-manufacturing firms
- Zero-base budgeting
Unit 6: Controlling of Performance LH8
- Concept of standard cost and standard costing
- Difference between standard cost and estimated cost - Preliminaries to
establishment of standard costing
- Objectives, importance and limitations of standard costing
- Standard costing and budgetary control - Computation and
interpretation: Material, Labour and Revenue (based on turnover) variances
- Flexible budgets: concept, features and significance. Difference
between flexible and static budget
- Overhead cost control: variable and fixed overhead variances and
interpretation
Unit 7: Management Accounting and Control System LH 5
- Concept of technical considerations of management accounting and
control system: The value chain; Total life cycle costing; Target costing;
Kaizen Costing; and Benchmarking
- Concept of behavioral considerations of management accounting and
control system
- Concept, needs and objectives of Social Accounting, Balanced Scorecard,
Forensic Accounting, Environment Accounting and Green Accounting
Basic Books:
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Atkinson, A. A., Kaplan, R. S., Matsumura, E.M.,
Young, S.M & Kumar, G. A. (2012). Management Accounting/6e. New Delhi:
Pearson Education Pvt. Ltd.
o
Garrison, R. H., Noreen, E. H., & Brewer, P.
C. (2012). Managerial Accounting. New Delhi: Tata Mc Graw Hill Education Pvt.
Ltd.
o
Hilton, R. W., Ramesh, G., & Madugula, J.
(2011). Managerial Accounting. New Delhi: Tata Mc Graw Hill Education Pvt. Ltd
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