Narmada College of Management, Bharuch, Gujarat, INDIA

CP 103- At MBA Full Time Semester - I

CP 103 - At MBA Evening Semester - I

Managerial Accounting

Objectives:

The objective of the course is to acquaint the students with the language of Accounting and to develop in them the ability to evaluate and use accounting data as an aid to decision making . The main purpose is to assist the students in developing skills in problem solvating and decision- making in the financial area. Emphasis is laid on analysis and utilization of financial and accounting data for Planning and Control.

Course Contents:

Financial Accounting - Concept, Importance and Scope, Generally accepted Accounting Principles, Preparation of Financial Statements with special reference to analysis of a Balance Sheet and Measurement of Business Income, Inventory Valuation and Depreciation, Financial statement, Analysis, Funds Flow Analysis, The statement of Cash Flows; Management Accounting - Concept, Need, Importance and Scope; Cost Accounting - Records and Processes, Cost Ledger and Control Accounts, Reconciliation and Integration between Financial and Cost Accounts; Overhead Cost and Control, Job and Process Costing, Budget and Budgetary Control, Performance Budgeting, Zero-Base Budgeting, Relevant Costing and Costing for Decision-Making, Standard Costing and Variance Analysis, Marginal Costing and Absorption Costing.

Suggested Readings :

Anthony R N and Reece J S. : Accounting Principles, 6th ed., Homewood, IIIinois, Richard D. Irwin, 1995.
Bhattacharya S K and Dearden J. : Accounting for Management, Text and Cases. New Delhi, Vikas, 1996.
Heitger, L E and Matuluch, Serge. Financial Accounting. New York, McGraw Hill, 2990.
Hingorani, N L and Ramanathan, A R. : Management Accounting. 5th ed., New Delhi, Sultan Chand, 1992.
Horngren, Charles etc. Principles of Financial and Management Accounting. Englewood Cliffs, New Jersey, Prentice Hall Inc., 1994.
Needles, Belverd, etc. Financial and Managerial Accounting. Boston, Houghton Miffin Company, 1994.
Vij, Madhu, financial and Management Accounting. New Delhi, Anmol Publications, 1997.