Sessions
Topic
Management Accounting
Semester IV
3 Credit Course
Detailed contents
1 -2
Nature and role and
scope of
management
accounting.
An introduction to
Management
Accounting terms
and concepts.
3 -5
Cost classification.
6 -9
The Cost Sheet and
its construction.
10 -24
Various methods of
ascertaining cost
for products,
processes and
services.
Meaning and Emergence of Management
Accounting – Characteristics and Nature of
Management Accounting – Scope of
Management Accounting – Objectives of
Management Accounting – Management
Accounting and Financial Accounting –
Management
Accounting
and
Cost
Accounting – Tools and Techniques of
Management Accounting – Limitations of
Management Accounting – Installation of
Management Accounting System – Functions
of Management Accountant.
Types of Costs – Cost Units – Cost Centers –
Characteristics of Cost Information – Costs
for Financial Reporting Purposes – Methods
of Costing – Techniques of Costing .
Statement of Cost or Cost Sheet.
Construction of Cost Sheet- Problem
Solving
Job Costing – Batch Costing – Contract
Costing.
Chapter from
Prescribed
Book
Chapter 1
Chapter 2
Chapter 2
Chapter 3
Unit or Output Costing – Operating Costing or
Service Costing.
Process Costing – Joint Products and Byproducts Costing.
Problem Solving
MID TERM EXAMINATIONS
25 - 29
Cost-volume-profit
analysis and its use
for decision making.
30-33
Application of
Concept of Absorption Costing – Marginal
Costing – Cost-Volume-Profit Analysis –
Applications of CVP Analysis – ProfitVolume Graph. Problem Solving
Steps in Decision-making Process –
Concept of Relevant Cost and Irrelevant
Chapter 2
Chapter 5
Marginal Costing,
absorption costing,
and differential
costing techniques
for decision making.
34-39
Introduction to
budgets and
budgetary control.
40-45
Introduction to
Standard Costing
and variance
analysis.
46 -48
Introduction to Target
Costing and Activity
Based Costing.
Cost – Costs for Decision-making –
Differential Cost Analysis – Decisionmaking under Different Business
Situations
Classification of Budgets and their
Preparation – Zero-Based Budgeting –
Performance Budgeting – Budget Control
Ratios – Forecasting and Theory of
Constraints. Problem Solving
Meaning of Standard Cost and Standard
Costing – Need of Standards and Various
Types of Standards – Determination of
Standard Cost for Different Elements of
Costs – Computation and Analysis of
Variances – Control of Variances –
Accounting Procedure for Disposition of
Variances
Problem Solving
Target Costing – Activity Based Costing –
Advantages and Disadvantages – Problem
Solving
&
Chapter 6
Chapter 10
Chapter 10
Chapter 4
Chapter 7
END TERM EXAMINATIONS
Prescribed Book:
Anthony, Atkinson, A., Kaplan, Robert, S., Young, Mark, S., Matsumure, Elia, Mae. &
Arunkumar, G., Management Accounting, Pearson
Reference Books:
 Cost & Management Accounting (English) 4th Edition (Paperback) by Ravi M. Kishore
 Management Accounting , Text , Problems and Cases by M Y Khan and P K Jain, McGraw
Hills Education (India) Private Limited.
ASSESSMENT:
Pre-mid term, weightage of 20%. ( 2 or 3 components)
Mid-term examination 20%. (1 ½ hrs written test)
Post Midterm 20% ( 2 or 3 components)
End Semester Examination 40% (3 hrs written Examination)