MANAGEMENT ACCOUNTING

L T P Cr.
3 0 0 3.0
Pre-requisite(s): None
Course Objectives:
This course emphasizes the use of accounting information for internal planning and control for
manufacturing and service sector purposes. The course is intended for individuals who make business
decisions and evaluate the performance of business units using data obtained from the cost and
management accounting systems.
Introduction to Cost and Management Accounting: Methods and Techniques of Product and Service
Costing, Cost Management and Value Chain Analysis.
Cost Volume Profit Analysis: Profit-Volume Ratio, Break even Analysis, Relevant Costs for
Decision-Making, Differential Costing,
Job Costing, Process Costing and Service Costing
Cost Allocation: Traditional methods, Activity Based Costing & Activity Based Management.
Budgeting and Responsibility Accounting: Flexible Budgets, Standard Costing and Variance Analysis,
Management Control System.
Contemporary themes in Cost and Management Accounting: Target Costing, Life Cycle Costing,
Balanced Scorecard and Strategic Profitability Analysis, Transfer Pricing.
Learning Outcomes:
Upon successful completion of the course, the students should be able to
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5.

Obtain information on planning and control of various costs

Measure performance evaluation of various costs
Analyze the relevant costing information for making strategic decisions
Understand the role and use of financial statements
Make the budgets under various real world conditions

Recommended Books:
1. Horngren, C.T., Datar, S. M., and Rajan, M. V. (2013). Cost Accounting: A Managerial
Emphasis (14th ed.). New Delhi, India: Pearson.
2. Anthony, R. N., Hawkins, D. F. and Merchant, K. A. (2013). Accounting: Text & Cases (13th ed.).
New Delhi, India: McGraw Hill.