We have the MBS 2nd Semester Management Accountancy Syllabus PDF.
MBS 2nd Semester Management Accountancy Syllabus PDF
Following are the MBS 2nd Semester Management Accountancy Syllabus PDF:
Course objectives
The objectives of this course are to provide extensive knowledge of managerial accounting tools and techniques required for strategic planning and controlling processes.
Course description
This course aims to provide exposure to managerial planning and control. It helps to analyze managerial accounting information for control. It covers cost management, income under marginal and absorption costing, cost-volume-profit analysis, profit planning, and performance control and It also deals with technical and behavioral aspects of management accounting and control systems.
Unit 1: Concept of Management Accounting – LH 3
Content
- Concept, objectives, characteristics, functions, and limitations of management accounting.
- Changing role of management accounting in an organization.
- Controllership functions and responsibility.
Unit 2: Cost Management and Reporting
Content
- Concept, classification, and allocation of costs.
- Segregation of mixed cost: graphical presentation, two-point method, regression method, Co-efficient of determination, standard error of estimates, standard error of regression coefficient, confidence interval, and Student âtâ test.
- Reporting and interpretation of net income under different situations for internal and external use.
- Reconciliation of net income.
Unit 3: Cost-Volume-Profit-Analysis
Cotent
- Concept, objectives, assumptions, and limitations of cost-volume-profit-analysis.
- Application of cost-volume-profit for breakeven analysis and profit planning, including multiple products with interpretation.
- CVP analysis under the condition of uncertainty.
- Cost-volume-profit analysis under resource constraints.
- Allocation of a single resource constraint.
- Allocation of multiple resource constraints using a linear programming model.
Unit 4: Activity-Based Costing
Content
- Concepts, needs, objectives, and limitations of ABC.
- Limitations of the traditional costing system.
- Procedures of absorption of overhead under ABC.
- Ascertainment of costs and profit under Traditional
- Activity-based profitability analysis.
- Activity-Based Management.
Unit 5: Profit Planning
Content
- Concepts, needs, importance, and objectives of budgeting.
- Budgeting for profit planning, preparation of master budgets for manufacturing and non-manufacturing.
- Zero-base budgeting.
Unit 6: Controlling Performance
Contents:
- Concept of standard cost and standard costing.
- The difference between the standard cost and the estimated cost.
- Preliminaries to the establishment of standard costing.
- Objectives, importance, and limitations of standard costing.
- Standard costing and budgetary control.
- Computation and interpretation: Material, Labour and Revenue (based on turnover) variances.
- Flexible budgets: concept, features, and significance.
- Difference between flexible and static budget.
- Overhead cost control: variable and fixed overhead variances and interpretation
Unit 7: Management Accounting and Control System – LH 5
Content:
- Concept of technical considerations of management accounting and control systems.
- The value chain, Total life cycle costing, Target costing.
- Kaizen Costing and Benchmarking.
- Concept of behavioral considerations of management accounting and control systems.
- Concepts, needs, and objectives of Social Accounting, Balanced Scorecard, Forensic Accounting, Environmental Accounting, and Green Accounting
Basic Books:
- Atkinson, A. A., Kaplan, R. S., Matsumura, E.M., Young, S.M & Kumar, G. A. (2012). Management Accounting/6e. New Delhi: Pearson Education Pvt. Ltd.
- Garrison, R. H., Noreen, E. H., & Brewer, P. C. (2012). Managerial Accounting. New Delhi: Tata McGraw-Hill Education Pvt. Ltd.
- Hilton, R. W., Ramesh, G., & Madugula, J. (2011). Managerial Accounting. New Delhi: Tata McGraw-Hill Education Pvt. Ltd.
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