BMBAI203 Management Accounting Syllabus — AKTU 2024-25

Syllabus

5 units · 40 lecture hours

Unit1

Unit 1: Introduction to Management Accounting

7 hrs

Meaning, objectives, Difference between Financial Accounting and Management Accounting, role and responsibilities of Management Accountant Relevant costing and decision making, Introduction to cost behaviour and cost volume relationship variation of cost behaviour relevant Information and decision making

Unit2

Unit 2: Marginal Costing as a Tool for Decision Making

8 hrs

Break Even-Point, Make or Buy Decision, Change in product Mix, Pricing Decisions, Exploring a New Market, shut-down Decisions.

Unit3

Unit 3: Budgets and Budgetary Control

6 hrs

Preparing flexible budgets, Standard Costing and Variance Analysis for material and labour, Introduction to Responsibility accounting: meaning and types of responsibility centres

Unit4

Unit 4: Analysis & Interpretation of Financial Statements

10 hrs

Meaning and Importance of Financial Statements, Types of financial statements, Steps and procedure of analysis and Interpretation, Trend analysis & Ratio Analysis.

Unit5

Unit 5: Financial Analysis and Forecasting

9 hrs

Fund Flow and Cash Flow Analysis, other Financial Forecasting tools.

Course Objectives3 points

To equip the students with skills to evaluate organisational performance and spot Inefficiencies.
Develop the ability to identify areas for Improvement and Opportunity and provide them with decision-making techniques.
Ability to use the best possible course of action while considering both long-term and short-term implications of decisions.

Official AKTU syllabus

This subject is on page 13 of the original AKTU PDF.

Official AKTU syllabus PDF ↗

Management Accounting