Nature & Scope of Management Accounting - Meaning – Nature – Scope –Functions – Objectives – Importance – Limitations - Distinction between Financial Accounting & Management Accounting - Relationship between Cost & Management Accounting - Tools & Techniques of Management Accounting - Meaning & Process of Financial Statement Analysis & Interpretation.
Ratio Analysis - Meaning – Advantages of Ratio Analysis – Limitations - Classification of Ratio - Profitability – Turnover Ratios - Long-term Financial Position.
Funds Flow Statement - Meaning & Concept of Funds & Flow of Funds - Importance & Uses of Fund Flow Statement – Limitations - Schedule of changes in Working Capital - Preparation of Fund Flow Statement - Cash Flow Statement - Comparison between Fund Flow Statement and Cash Flow Statement - Uses of Cash Flow Statement – Limitation - Preparation of Cash Flow Statement(New model).
Marginal Costing – Definition of Marginal Cost and Marginal Costing – Salient Features – Advantages of Marginal Costing – Limitations - Break-even analysis – Cost– Volume Profit Analysis - Application of Marginal Costing for Business Decision Making.
Budgeting and Budgetary Control - Meaning – Definitions - Objectives of Budgetary Control - Essential of Budgetary Control - Advantages – Limitation – Classification and Types of Budgets – Sales, Production, Cost of Production, Purchase and Flexible Budgets - Cash Budgets.
Reference Book:
1. Management Accounting, R.S.N. Pillai and Bagavathi, S.Chand & Company, New Delhi, 2015 2. Management Accounting, Sharma and S.K.Gupta, Kalyani Publishers, New Delhi, 2011. 3.Management Accounting, Dr. S.N. Maheswari, Sultan Chand & Sons, New Delhi, 2012. 4.Cost and Management Accounting, S.P. Jain and KL. Narang, Kalyani Publishers, New Delhi, 2014.
Text Book:
1. Management Accounting, A.Murthy and Dr.S.Gurusamy, Vijay Nicole Imprints Private Limited, Chennai. 2014.