Apeejay School Of Management Post Graduate Diploma In Management (pgdm)

Apeejay School of Management Post Graduate Diploma in Management (PGDM) Trimester II (Batch 2009-11) (November 2009- January 2010) MANAGEMENT ACCOUNTING TEACHING PLAN Objective: The objective of this course is to develop an understanding of how to use accounting information for profit planning, cost control, and managerial decisionmaking. (Priya Gupta) S. No. TOPIC Reference 1. Management Accounting- An Overview Ch.1-Hilton Ch.1-Horngren  Meaning, Definitions, Objectives, Functions, Ch.1-Khan&Jain Scope, Utility, Limitations  Installation of Management Accounting System Ch.1Ravi.M.Kishore  Tools and Techniques  Financial and Management Accounting- A Comparison 2. Basic Cost Concepts Ch.2-Hilton Ch.5-Khan&Jain  Cost Concepts Ch.1 Elements of Cost Ravi.M.Kishore  Cost Classification  Cost estimation and Cost ascertainment  Cost allocation and Cost apportionment  Cost reduction and Cost control 3. Single or Output Costing Ch.11-Khan&Jain  Costing Procedure  Cost Sheet  Items excluded from cost sheet  Treatment of Scrap 4. Cost Analysis for Managerial Decisions Ch.8&15-Hilton Ch.2-Horngren  Cost-Volume-Profit Analysis Ch.15-Khan&Jain  Break-Even Analysis Ch.3 Margin Of Safety Ravi.M.Kishore  Decisions involving alternative choices 5.

 Approaches to decision making including pricing and product-mix decisions Cost Analysis For Control  Standard Costing-Meaning, Suitability and Limitations

Ch.10-Hilton Ch.18&19Khan&Jain Ch.5-

6.

7.

8.

9.

10.

 Variance Analysis  Direct Material Variance  Direct Labour Variance  Overhead Variance Budgeting and Budgetary Control  Meaning of Budget and Budgetary Control  Budgeting and Forecasting  Installation of Budgetary Control System  Classification of Budgets-Preparation  Fixed and Flexible Budgeting  Control Ratios  Zero Base Budgeting Activity Based Costing  Traditional Costing System  Activity Based Costing System  Steps in Overheads Allocation Target Costing  Pricing Decision  General Influence on Pricing in practice  Key principles of target costing  Cost plus Pricing Responsibility Accounting  Meaning and Objectives  Assumptions and Steps  Types of Responsibility Centres  Cost, Profit and Investment Centres Transfer Pricing  Meaning of Transfer Pricing  Methods of Transfer Pricing  Indian position

Ravi.M.Kishore

Ch.11-Hilton Ch.8-Horngren Ch.16-Khan&Jain Ch.4Ravi.M.Kishore

Ch.5-Hilton Ch.4-Horngren Ch.16Ravi.M.Kishore Ch.15-Hilton Ch.5-Horngren

Ch.12-Hilton Ch.21-Khan&Jain Ch.9Ravi.M.Kishore Ch.13-Hilton Ch.10-Horngren Ch.10Ravi.M.Kishore

Suggested Readings: 1. Horngren, Sundem, Stratton, Introduction to Management Accounting, Prentice-Hall. 2. Ronald W Hilton, G Ramesh, M Jayadev, Managerial Accounting, Tata McGraw Hill. 3. M Y Khan, P K Jain, Management Accounting, Tata McGraw Hill. 4. Ravi.M.Kishore, Advanced Management Accounting, Taxmann. Internal Assessment: Mid term Exam Assignment

15 Marks 20 Marks

Attendance

05 Marks

TOTAL

40 Marks