Content

1. Management Accounting : Meaning, Scope and Functions 2. Accounting Principles : Concepts and Conventions 3. Financial Statements 4. Analysis and Interpretation of Financial Statements 5. Ratio Analysis 6. Cash Flow Statement 7. International Financial Reporting Standards (IFRS) 8. Leverage 9. Marginal Costing and Absorption Costing 10. Decision Accounting and Marginal Costing System 11. Differential Cost Analysis 12. Break-Even Point or Cost-Volume-Profit Analysis 13. Budgetary Control 14. Business Budgeting 15. Responsibility Accounting 16. Management Audit and Reports.

SYLLABUS

Unit-1: Management Accounting : Meaning, Nature, Scope and Functions of Management Accounting, Role of Management Accounting in Decision Making, Management Accounting vs. Financial Accounting and Cost Accounting. Tools and Techniques of  Management Accounting.

Unit-2: Financial Statement : Meaning, Importance, Limitations of Financial Statements, Objectives and Methods of Financial Statements Analysis, Ratio Analysis, Classification of Ratio-Profitability Ratios, Turnover Ratios and Financial Ratios, Advantages of Ratio Analysis, Limitations of Accounting Ratios.

Unit-3: Statement, Cash Flow Statement (As per Indian Accounting Standard-3) IFRS-Concept & Importance. Leverages.

Unit-4: Absorption and Marginal Costing : Marginal and Differential Costing as Tool for Decision Making-make or buy, Change of Product Mix, Pricing, Break Even Analysis, Exploring New Markets, Shutdown Decisions of Production.

Unit-5: Budgetary Control : Meaning of Budget and Budgetary Control : Objectives, Merits and Limitations, Types of Budget : Cash Budget and Flexible Budget. Concept of Management Audit, Responsibility Accounting, Management Reports, Types of Reports and Quality of Good Report.