Management Accounting- Meaning - Objectives and Scope- Relationship between Management accounting, Cost accounting and Financial accounting – Financial statement analysis - Common size statements, Comparative statements and Trend analysis.
Analysis of financial strength: Ratio analysis – Uses and limitations - Analysis of liquidity, solvency and profitability - Construction of balance sheet.
Analysis of financial behavior: Fund flow Statement - Balance sheet Vs Fund Flow Statement – Assessment of increase or decrease in working capital – Components of funds from operation – Preparation of fund flow statement. Cash flow statement: Cash flow in operating, financing and investment activities. Fund flow statement Vs Cash flow statement..
Marginal Costing and Break Even Analysis - Managerial Applications of marginal costing - Significance and limitations of marginal costing.
Budgeting and budgetary control: Definition – Importance - Budget manual – Budget committee - Essential, classification of budgets - Master budget – Preparation of cash budget, sales budget, purchase budgets, material budget, flexible budgets.-Standard costing- meaning, importance-variance analysis - (material & Labour variance only)
Reference Book:
1.Dr. S.N. Maheswari. “Management Accounting”, Sultan Chand & Sons, New Delhi, 2006. 2.Sharma and S.K.Gupta “Management Accounting”, Kalyani Publishers, New Delhi,2007. 3. S.P. Jain and KL. Narang , “Cost and Management Accounting”, Kalyani Publishers, New Delhi,2004. 4. Dr.R.Ramachandran and Dr.R.Srinivasan, “Management Accounting”, Sriram publication, 2004.
Text Book:
A.Murthy and Dr.S.Gurusamy, “Management Accounting”,Vijay Nicole Imprints Private Limited, Chennai. 2006.,ISBN-81-8209-048-2