MBA III SEMESTER
FACULTY NAME - Mr. Asim Sahore, professor
COURSE
PAPER NAME AFM
L T/P CREDIT
CODE MS
4
4
107
METHODS OF TEACHING: PRIMARILY LECTURES AND ASSIGNMENTS
INTERNAL MARKS
40
EXTERNAL
MARKS
60
The Course would revolve around Accounting for management with Numerical Examples. Assignments would
involve analysis of Problems by analyzing the accounting information and their implications on financial
decision making which involves teaching based on practical illustrations and case studies.
 COURSE OBJECTIVE: To expose students to various processes of creating accounting information and
applications used in management systems. The Course would help students in
 Understanding functional, tactical and strategic role of financial accounting
 Application of concepts in decision making process
 Enhancing their skills in accounting for management.
LEARNING OUTCOME:
To know about financial statements and its utilization in decision making process
To make them aware about techniques and tools about accounting, develop capability to identify core issues
of Accounting for management.
METHOD OF ASSESSMENT
(As Per G. G. S. I. P. University , New Delhi)
Sl. No
CRITERIA Business Communication
Marks
1
Class Test - I
15
2
3
Class Test – II
(Individual Term Paper/Written Assignment)
Individual Presentation/Viva-Voce/Group Discussion
15
10
LECTURE PLAN
Lecture No
Description
Pedagogy (Lecture, Cases,
Role Play, Labs)
Planned Week
No.
Remarks
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
1.
Nature of Accounting Information:
Scope and Nature of Accounting
Lecture
1
2.
Accounting concepts
Lecture
1
3.
Principles & Standards
Lecture
1
4.
Accounting Cycle
Lecture with Numerical
1
5.
Journalisation and its Numerical
Lecture with Numerical
2
6.
Various types of Subsidiary Books;
Ledger Posting
Lecture with Numerical
2
7.
Preparation of Trial Balance,
Classification of Capital and Revenue
Lecture with Numerical
2
8.
Fixed Assets and Depreciation
Accounting
Lecture with Numerical
2
9.
Numerical on Depreciation
Lecture with Numerical
3
10.
Preparation of Final Accounts,
Manufacturing Account; Trading
Account, Profit and Loss Account;
Balance Sheet (with adjustments),
Numerical on final accounts
Lecture
3
Lecture with Numerical
3
12.
Numerical on final accounts,
Rectification of Error
Lecture with Numerical
3
13.
Numerical on Rectification of Error
Lecture with Numerical
4
14.
Contents of Corporate Annual
Reports with Annexures
Lecture
4
15.
Cost Accounting: Objectives
Lecture with Numerical
4
11.
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Arora, M.N.-Cost
Accounting,
16.
Classification of Cost
Lecture
4
17.
Preparation of Cost Sheet
Lecture with Numerical
5
18.
Numerical on Cost Sheet
Lecture with Numerical
5
19.
Numerical on Cost Sheet
Lecture with Numerical
5
20.
Material Cost Accounting, Perpetual
Inventory Control, Inventory
Valuation,
EOQ, ABC Analysis,
Lecture with Numerical
5
Lecture
6
Lecture with Numerical
6
23.
Setting of Reorder Level, Maximum
Level, Minimum Level, Labour Cost
Accounting
Numerical on stock level
Lecture with Numerical
6
24.
Numerical on stock level
Lecture with Numerical
6
25.
Remuneration and Incentive Schemes
Lecture
7
26.
Overhead Cost Allocations
Lecture
7
27.
Over and Under Absorption
Lecture
7
28.
Lecture with Numerical
7
29.
Numerical on over & under
absorption
Job and Contract Costing,
Lecture with Numerical
8
30.
Numerical on contract costing
Lecture with Numerical
8
Arora, M.N.-Cost
Accounting,
31.
Operating Costing
Lecture with Numerical
8
32.
Numerical on operating costing
Lecture with Numerical
8
33.
Lecture
9
Lecture with Numerical
9
35.
Reconciliation of Financial and Cost
Accounting
Numerical on Reconciliation of
Financial and Cost Accounting
Numerical on Reconciliation
Lecture with Numerical
9
36.
Numerical on Reconciliation
Lecture with Numerical
9
37.
Performance Evaluation Techniques:
Introduction to Budgeting and
Budgetary Control
Lecture
10
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Maheshwari, S.N
Accounting for
Management
21.
22.
34.
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
38.
Performance Budgeting; Classification
of Budget
Lecture with Numerical
10
39.
Fixed and Flexible Budgets, Zero
Based Budgeting
Lecture with Numerical
10
40.
Numerical on Fixed and Flexible
Budgets
Lecture with Numerical
10
41.
Numerical on Fixed and Flexible
Budgets
Lecture with Numerical
11
42.
Standard Costing and Variance
Analysis;
Lecture
11
43.
Numerical on Standard Costing
Lecture with Numerical
11
44.
Numerical on Standard Costing
Lecture with Numerical
11
45.
Numerical on Standard Costing
Lecture with Numerical
12
46.
Decision Making Techniques: Cost
Volume Profit Analysis; Profit
Planning
Lecture with Numerical
12
47.
Numerical Decision Making
Techniques
Lecture with Numerical
12
48.
Numerical Decision Making
Techniques
Lecture with Numerical
12
49.
Numerical Decision Making
Techniques
Lecture with Numerical
13
50.
Management Accounting for Decision
Making and Control
Lecture with Numerical
13
51.
Numerical on Decision Making
Lecture with Numerical
13
52.
Lecture with Numerical
13
53.
Financial Leverage, Operating
Leverage and Combined
Leverage, EVA
Introduction to Activity Base Costing,
Lecture
14
54.
Target Costing,
Lecture
14
55.
Uniform Costing
Lecture
14
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Maheshwari, S.N
Accounting for
Management
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
Arora, M.N.-Cost
Accounting,
56.
Life Cycle Costing;
Lecture
14
Arora, M.N.-Cost
Accounting,
BOOK BANK
i) Maheshwari, S.N Accounting for Management
ii) Arora, M.N.-Cost Accounting
ESSENTIAL READINGS:
 Maheshwari, S.N (2009). Accounting for Management, 2nd Edition., Sultan Chand & Sons.
REFERENCE BOOKS:

Arora, M. N. (2008). Cost Accounting, 10th Editon, Vikas Publishing House.

Duray. Colin. (2004). Management and Cost Accounting, 6th Edition, Cengage Learning.
 Glautier, M.W.E. And Underdown B. (2010). Accounting Theory and Practice, Financial Times /Pearson.
JOURNALS / MAGAZINES: ADDITIONAL INPUTS
1.
American Accounting Association, The Accounting Review
2.
Institute of Chartered Accountant of India, The Chartered Accountant
3.
The Institute of Cost and Works accountant of India, The Management Accountant