Management Accounting II

Paper Code: 
MBA-326
Credits: 
4.0
Contact Hours: 
40.00
Max. Marks: 
100.00
Objective: 
  • To familiarize the students with the preparation & calculation of management accounts.
  • To develop an understanding of accounting data which helps in managerial decision making.
5.00
Unit I: 
Introduction to Management Accounting

Meaning and importance of Management Accounting, Installation of Management Accounting System, Role and Functions of Management Accountant.
Recent developments in Management Accounting – Human Resource Accounting and Inflation Accounting.

10.00
Unit II: 
Fund Flow Analysis

Introduction, Concept of Funds, Need of Fund Flow Statement, Construction of Fund Flow Statement

10.00
Unit III: 
Cash Flow Statement

Introduction, Concept, Preparation of Cash Flow Statement as per Accounting Standard 3 - Direct and Indirect Method, Difference between Fund Flow Statement and Cash Flow Statement.

8.00
Unit IV: 
Budgetary Control

Meaning and importance of Budgetary Control, Objectives of Budgetary Control, Types of budget, Preparation of Budgets – Cash Budget and Flexible Budget.
Performance Budgeting and Zero Base Budgeting, Difference between Traditional Budgeting and Zero Base Budgeting.

7.00
Unit V: 
Standard Costing and Variance Analysis

Meaning & Significance of Standard Costing, Difference between Budgetary Control & Standard Costing, Types of Variance Analysis, Calculation of Material and Labour Variances only.

Essential Readings: 
  • M Y Khan & P K Jain, Management Accounting, Tata McGraw Hill Publication, 2009
  • I.M. Pandey, Management Accounting, Vikas Publishing House, 2007
  • Dr. S.N. Maheswari, Management Accounting, Sultan Chand & Sons Publication, 2009
  • Ravi M Kishore, Advanced Management Accounting, Taxmann’s Publication, 2009
References: 
  1. Ravi M Kishore, Advanced Cost Accounting & Cost Systems, Taxmann’s Publication, 2009
  2. Jain, Khandelwal, Pareek & Sipani, Management Acounting-II, RBD Professional Publications, 2011.
  3. Vijay Kumar, Accounting for Management, McGraw Hill Publication,4th Edition
  4. Anthony, Hawkins, Merchant, Accounting, Text and Cases,  Tata McGraw Hill Publication,12th Edition
  5. Ramachandran & Kakani, Financial Accounting for Management, Tata McGraw Hill, 2 nd Edition