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
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 Download Presentation 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 Download Presentation www.myiris.com or www.moneycontrol.com |
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 |
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 |