Welcome to my website

Dr. Rana Singh
Professor in Mangement and Assistant Dean
Auro University, Surat, Gujarat
www.aurouniversity.edu.in


MBA (Finance), Gold Medalist, Ph.D.

Mob: 7405833776 /8866971103 /8800049885


MANAGEMENT ACCOUNTING

Course Outline

Course: Management Accounting Credit: 01
Instructor: Dr. Rana Singh
Contact e-mail: dr.ranasingh@gmail.com, singh_rana@yahoo.com
Website: http://www.ranasingh.org

Introduction: The Management Accounting course focuses at introducing the students about the various aspects of management accounting which facilitates the top level management in planning, implementation and control. This course will give the introduction and shall focus on delivering the overall platform for planning implementation and control. The students are expected to understand the various tools, and techniques of management accounting to facilitate the top echelons of management in planning, implementation and control.

Course objective:
The primary objective of this course is to familiarize the student with basic concepts of management accounting and its various tools and techniques to facilitate the top level management in planning, implementation and control. The students are expected to develope deep knowledge about financial accounting, cost accounting, spreadsheet skills, accounting software and financial modelling.

Recommended Text Books:
1. Management Accounting, Maheshwari,
2. Management Accounting, M. Y. Khan and P. K. Jain

Reference Books (If any):
1. Management Accounting, Charles T Horngren
2. Management Accounting, Pearson Publishing
3. Financial Accounting for Management, TMH, N Ramachandran and Ram Kumar Kakani
4. The Analysis and Use of Financial Statements, Wile-India Edition, Gerald I. White, Ashinpaul C. Sondhi, Dov Fried
5. Handbook of Leasing, Hire Purchase and Factoring, ICFAI, K Sriram
6. Managerial Accounting, Wiley Student Edition, James Jiambalvo
7. Management Accounting, Thomson India Edition, Hansen and Mowen
8. Advanced Management Accounting, Taxmann, Ravi M. Kishore
9. Techniques of Financial Analysis -A Practical Guide to Applied Managerial Finance, Erich A Helfert
10. Cost Accounting-Principles and Practice, Pearson -Manash Dutta
11. Financial Accounting-A Managerial Perspective -R. Narayanaswamy, PHI
12. Financial Accounting - A Dynamic Approach -D.K. Banerjee-PHI
13. Advanced Accountancy - R.L. Gupta & M. Radhaswamy -Sultan Chand and Sons
14. Advanced Accountancy -Volume I and II -S.N. Maheshwari and S.K. Maheshwari -Vikas Publishing
15. Advanced Accounting -Volume I and II -D. Chnadra Bose -PHI -Eastern Economy Edition
16. Advanced Accounting -Volume I and II-M Hanif and A Mukherjee -Mc Graw Hill
17. Financial Accounting -Reporting & Analysis -Stice and Stice -Thomson South Western -India Edition



Evaluation System

Class Participation 10
Assignment 10
Quiz 10
Projects 10
Mid-Term 20
End-Term 40
Total 100



Session No. Theme Reading Material
1 Fundamentals of Accounting, Introduction of Accounting, Briefing about Financial Accounting, Cost Accounting and Management Accounting

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Assignment: Submit a written assignment on Accounting Standards from the ICAI website
Ch.-1, Pg no. 1.1 -1.13, Management Accounting, Khan and Jain
2

Financial Statements Analysis

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1. Assignment: Submit the Financial Statement Analysis of 5 different companies of a particular industry taking the data from their financial statements of the last 5 years.

Data regarding financial statements may be taken from

www.myiris.com or www.moneycontrol.com

2. Assignment –Submit the detailed Ratio Analysis of a company

Ch.-6, Pg no. 6.1-6.79 Management Accounting, Khan and Jain

Live Case Study –Ratio Analysis of a Company based on Financial Statement of the Current Year


3 Ratios and Ratio Analysis and interpretation, Common Size Statements, Limitations of Ratio Analysis Ch.-6, Pg no. 6.1-6.79 Management Accounting, Khan and Jain
4 Ratio Analysis- Problems and Case Study Ch.-6, Pg no. 6.1-6.79 Management Accounting, Khan and Jain

Assignment –Submit the solved problems given as assignment.
5

Profit Planning -Cost Volume Profit Analysis, Introduction, Importance, Applications

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Ch.-16, Pg no. 16.3 -16.56, Management Accounting, Khan and Jain
6 Profit Planning -Cost Volume Profit Analysis –Problems and Cases, Marginal Costing Ch.-16, Pg no. 16.3 -16.56, Management Accounting, Khan and Jain
7 Profit Planning -Variable Costing vs. Absorption Costing Ch-15, Pg. No. 15.1-15.26
Management Accounting, Khan and Jain
8 Profit Planning -Break-Even Analysis, Margin of safety Ch.-16, Pg no. 16.3 -16.56, Management Accounting, Khan and Jain
9 Multiple Break –Even Point, CVP as a control mechanism Ch.-16, Pg no. 16.3 -16.56, Management Accounting, Khan and Jain
Case Study Discussion on Multiple Break Even Point
10 Budgeting, Nature Scope and Importance, Applications Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
11 Budgeting –Planning Process, Flexible Budget Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
12 Budgeting as a controlling Tool –Functional Budgets Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
13 Budgeting Problems and Solutions Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
Supplementary Problems on email
14 Budgeting Problems and Solutions Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
Supplementary Problems on email
15 Budgeting Case Study and Mid Term Review Ch.-17, Pg no. 17.1 -17.35, Management Accounting, Khan and Jain
Supplementary Case Study on email
Mid-Term Test
16 Controlling, Cost Control, Standard Costing Ch.-18, Pg no. 18.3 -18.13, Management Accounting, Khan and Jain
17 Standard Costs and Quality Costs

Ch.-18, Pg no. 18.3 -18.13, Management Accounting, Khan and Jain

Supplementary Problems on e-mail

18 Cost Variance Analysis Ch.-19, Pg no. 19.1 -19.56, Management Accounting, Khan and Jain
Supplementary Problems on e-mail
19 Cost Variance Analysis –Material Cost Variances, Problems Ch.-19, Pg no. 19.1 -19.56, Management Accounting, Khan and Jain
Supplementary Problems on e-mail
20 Cost Variance Analysis –Labour Cost Variances, Problems Ch.-19, Pg no. 19.1 -19.56, Management Accounting, Khan and Jain
Supplementary Problems on e-mail
21 Cost Variance Analysis –Overhead Variances, Problems Ch.-19, Pg no. 19.1 -19.56, Management Accounting, Khan and Jain
22 Revenue Variance Analysis –Sales Variances Ch.-20, Pg no. 20.1 -20.39, Management Accounting, Khan and Jain
23 Revenue Variance Analysis –Sales Variances, Problems Ch.-20, Pg no. 20.1 -20.39, Management Accounting, Khan and Jain
24 Variance Analysis –Case Study Case Study on website
25 Capital Budgeting Ch.-23, Pg no. 23.1 -22.53, Management Accounting, Khan and Jain
26 Capital Budgeting, DCF Techniques Ch.-23, Pg no. 23.1 -22.53, Management Accounting, Khan and Jain
27 Capital Budgeting –Evaluation Techniques, NPV, PV, IRR Ch.-23, Pg no. 23.1 -22.53, Management Accounting, Khan and Jain
28 Capital Budgeting –Problems and Case Study Ch.-23, Pg no. 23.1 -22.53, Management Accounting, Khan and Jain
29 Introduction to Accounting Standards and IFRS ICAI website and Teaching material on website
30 Management Reporting Reading Material on website

 




Financial Statements Analysis