management accounting

Management Accounting


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B.COM. (H/P.): SEMESTER V

MANAGEMENT ACCOUNTING

 

B.COM. (HONS.): SEMESTER V

PAPER: BCH-5.4 DSE Group A (a): MANAGEMENT ACCOUNTING

 

Objective: To impart the students, knowledge about use of financial, cost and other data for the purpose of managerial planning, control and decision making.

 

Unit No.

Particulars

Chapter No. in Book

I

Introduction:

Meaning, Objectives, Nature and Scope, Difference between cost accounting and management accounting, cost control, cost reduction, cost management.

Chapter – 1

II

Budgetary control:

Concept of budget and budgetary control, objectives, merits and limitations, Functional budgets, Fixed and flexible budgets, Zero base budgeting. Programme and performance budgeting.

Chapter – 2

III

Standard costing:

Meaning of standard cost and standard costing - advantages, limitations and applications. Variance analysis – material, labour, overheads and sales variance. Disposition of variances, Control ratios.

Chapter – 3

IV

Marginal Costing:

Absorption versus Variable Costing, Distinctive features and income determination.

Cost-Volume-Profit Analysis, Profit / Volume Ratio Break-even analysis- algebraic and graphic methods. Angle of incidence, Margin of safety, Key factor, determination of cost indifference point.

Chapter – 5

 

 

Chapter – 4

V

Decision making:

Steps in decision making process, Concept of relevant cost and Benefits, Various short term decision making situations – profitable product mix, Acceptance or Rejection of special/export offers, Make or buy, Addition or Elimination of a product line, sell or process further, operate or shut down. Pricing decisions: Major factors influencing pricing decisions, various methods of pricing.

Chapter – 6

VI

Contemporary Issues:

Responsibility accounting: Concept, Significance, Different Responsibility Centers. Divisional Performance Measurement: Financial and Non-Financial measures. Transfer Pricing

Chapter – 7

Reviews

Management Accounting is the modern concept of accounts as a tool of management. While learning this subject, student has to understand how this helps management to improve its efficiency, determining policy and formulating plans to achieve desired objectives of management, controlling and analysing the performance of the organization in order to follow the path of continuous improvement etc. In Delhi University B.Com level course there are six semester that student has to pass to get the graduation degree. While pursuing Semester-5 students have to face with a major subject i.e. Management Accounting.
B.Com Management Accounting subject is said to be difficult subject among students because they are exposed to the management policies level for the first time. Further the main problem observed with this subject is that, students try to cram the things or formulas rather than understanding them which is actually required otherwise they may lose out to implement the same when actually required at a later on stage in their life.
B.Com Management Accounting Classes in Delhi: Gyan Gurucull is a leading institute for coaching classes in online as well as pen-drive mode for B.Com level course of Delhi University. Gyan Gurucull along with its students has delivered great results every semester. Students at Gyan Gurucull always strive to do their best with the positive and motivated environment created by the faculties.
B.Com Management Accounting subject is helpful to the students once they either start some business or they start working in an organization. In both cases they have to start managing the business operations either immediately or after some time. This subject then help them at that juncture to evolve themselves as a good manager.
Gyan Gurucull provide video classes for B.Com Management Accounting Classes in Delhi and across India by CA Sunil Keswani. In our classes we explain every concept by linking it with real life examples so that students always remember the same concept for a very long period of time.
Gyan Gurucull has a history of 105 students who have secured 100% marks in this subject. Students can purchase the B.Com Management Accounting Classes at GYANGURUCULL either in online mode or in pen drive mode(offline). The book of this subject which is provided along with classes consists of past year questions since year 2000.
CA Sunil Keswani is a trusted name by students for over 10 years for the subject of Management Accounting. His friendly and motivating behaviour has made him popular amount students.