102: ACCOUNTING FOR MANAGEMENT
Objective: to develop an insight of postulates, principles and techniques of accounting and
utilization of financial and accounting information for planning, and decision-making
Unit-I : Accounting for Management –Nature and Scope – Management Process and
Accounting – Financial Accounting Vs Cost Accounting Vs Accounting for Management –
Role of Account in Modern Organization
Unit – II: Financial Accounting System – Generally Accepted Accounting Principles and
Accounting Standards Governing Financial Statements – Contents of Profit and Loss Account –
Balance Sheet (Theory only)
Unit- III: Elements of Cost–Cost Sheet Preparation – Absorption Vs Marginal Costing –Cost –
Volume – Profit Analysis – Cost Behaviour – Breakeven Analysis – Contribution Approach –
Profit Planning.
Unit-IV: Cost Concepts for Decision making – Decision Making Process – Decision Situations-
Sales Volume Decisions – Pricing and Special Order Pricing – Make / Buy Decisions – Product
Decisions- Addition, Deletion and Alteration of Mix – Plant Shutdown Decision.
Unit- V: Budgeting – Types of Budgets – Financial Vs Operation Budgets – Short Term Vs Long
Term Budgets – Preparation of Sales Budgets – Purchase Budgets- Expenditure Budgets for
Material, Labour and Overheads – Construction of Cash Budget- Flexible Budget – Master
Budget – Management Control and Budgeting – Performance Budgeting and Zero Based
Budgeting. .
(Case Study is compulsory in all Units)
Suggested Books:
I. M. Pandey : Management Accounting Vikas Publishing House.ND
Needles, Financial Accounting, Cengage, New Delhi
Jawaharlal, Accounting for Management, Himalaya, Mumbai
Hilton,Ramesh & Jayadev, Managerial Accounting, TMH, New Delhi
B.Banerjee, Financial Policy & Management Accounting,PHI, New Delhi
P Periasamy, A Text Book of Cost & Management Accounting, Himalaya, Mumbai
Horngren, C.T., Introduction of Management Accounting,, Prentice Hall of India.
Khan and Jain, Management Accounting, Tata Mc Graw Hill , Delhi.
Blocher, Chen, Cokins and Lin, Cost Management, A Strategic Emphasis, TMH, ND
Porwal, LS, Accounting Theory, TMH, New Delhi
Objective: to develop an insight of postulates, principles and techniques of accounting and
utilization of financial and accounting information for planning, and decision-making
Unit-I : Accounting for Management –Nature and Scope – Management Process and
Accounting – Financial Accounting Vs Cost Accounting Vs Accounting for Management –
Role of Account in Modern Organization
Unit – II: Financial Accounting System – Generally Accepted Accounting Principles and
Accounting Standards Governing Financial Statements – Contents of Profit and Loss Account –
Balance Sheet (Theory only)
Unit- III: Elements of Cost–Cost Sheet Preparation – Absorption Vs Marginal Costing –Cost –
Volume – Profit Analysis – Cost Behaviour – Breakeven Analysis – Contribution Approach –
Profit Planning.
Unit-IV: Cost Concepts for Decision making – Decision Making Process – Decision Situations-
Sales Volume Decisions – Pricing and Special Order Pricing – Make / Buy Decisions – Product
Decisions- Addition, Deletion and Alteration of Mix – Plant Shutdown Decision.
Unit- V: Budgeting – Types of Budgets – Financial Vs Operation Budgets – Short Term Vs Long
Term Budgets – Preparation of Sales Budgets – Purchase Budgets- Expenditure Budgets for
Material, Labour and Overheads – Construction of Cash Budget- Flexible Budget – Master
Budget – Management Control and Budgeting – Performance Budgeting and Zero Based
Budgeting. .
(Case Study is compulsory in all Units)
Suggested Books:
I. M. Pandey : Management Accounting Vikas Publishing House.ND
Needles, Financial Accounting, Cengage, New Delhi
Jawaharlal, Accounting for Management, Himalaya, Mumbai
Hilton,Ramesh & Jayadev, Managerial Accounting, TMH, New Delhi
B.Banerjee, Financial Policy & Management Accounting,PHI, New Delhi
P Periasamy, A Text Book of Cost & Management Accounting, Himalaya, Mumbai
Horngren, C.T., Introduction of Management Accounting,, Prentice Hall of India.
Khan and Jain, Management Accounting, Tata Mc Graw Hill , Delhi.
Blocher, Chen, Cokins and Lin, Cost Management, A Strategic Emphasis, TMH, ND
Porwal, LS, Accounting Theory, TMH, New Delhi
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