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Andhra University MBA - ACCOUNTING FOR MANAGEMENT
Posted Date: 16 Feb 2008 Resource Type: Articles/Knowledge Sharing Category: General
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Posted By: rajasekhar Member Level: Gold
Rating:  Points: 5
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Andhra University MBA
CP - 106: ACCOUNTING FOR MANAGEMENT
OBJECTIVE:
The basic purpose of this course is to develop an insight of postulates, principles and techniques of accounting and utilization of financial and accounting information for planning, decision making and ControlPanel
UNIT I
Accounting for Management - Nature and Scope - Management Process and Accounting - Financial Accounting vs. Accounting for Management - Role of Accountant in modern organisation - Line and Staff Relationships and the Position of Accountant
UNIT II
Financial Accounting System - Generally Accepted Accounting Principles and Accounting Standards governing the Preparation of Financial Statements - Contents of Balance Sheet - Profit and Loss account - Analysis and Interpretation of Financial Statements - Ratio Analysis and Common size Statements
UNIT III
Elements of Cost - Material, Labour and Overhead Costs - Cost Sheet Preparation - Absorption vs Marginal Costing - Cost - Volume - Profit Analysis - Cost Behaviour - Behaviour of Fixed Cost and Variable Cost - Break Even Analysis - Contribution Approach - Profit Planning
UNIT IV
Cost Concepts for Decision Making - Decision Making Process - Decision Situations - Sales Volume Decisions - Pricing and Special Order Pricing - Sell or Process Further Decisions - Make/Buy Decisions - Product Decisions - Addition, Deletion and alteration of Mix- Plant Shutdown Decision
UNIT V
Budgeting - Types of Budgets - Financial vs Operation Budgets - Short Term vs Long Term Budgets - Preparation of Sales Budgets - Purchase Budgets - Expenditure Budgets for Material, Labour and Overheads - Construction of Cash Budget - Flexible Budget - Master Budget - Management Control and Budgeting - Performance Budgeting and Zero Based Budgeting
SUGGESTED READINGS
1. Introduction to Management Accounting, Horngren, Sundem & Straton, Prentice Hall of India
2. The Essence of Management Accounting, Chadwick, Prentice Hall of India
3. American Accounting Association, A. Statement of Basic Accounting, Theory. The author, Sarasota, USA
4. Bhattacharya, S.K. and Dearden, J., Accounting for Management, Vikas Publishers, New Delhi
5. Horngren, C.T. Introduction to Management Accounting, Prentice Hall, New Delhi
6. Khan and Jain, Management Accounting Tata McGraw Hill, Delhi
7. Banarjee, B. Financial Policy and Management Accounting, The World Press
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