Cost and Management Accounting : M.COM

WhatsApp-Image-2021-06-26-at-16.59.20
Vibhooti Mishra
Last Update September 20, 2021
1 already enrolled

About This Course

Course Outcomes:

By the end of the course, a student will be able to:

OMCOM-DS-201.1 Acquire sound knowledge of concepts, methods and techniques of cost and

management accounting;

OMCOM-DS-201.2 Develop competence with their usage in managerial decision making and control;

OMCOM-DS-201.3 Identify the basic economic events most common in business operations and

understand how they would be shown in published financial statements.

 

PART – A

 

Unit 1: Overview

  • Nature and scope of cost and management accounting
  • Cost concept and classification
  • Difference in financial, cost and management accounting

 

Unit 2: Uniform Costing

  • Concept of uniform costing
  • Concept of inter firm comparison
  • Procedures in making inter firm comparison

 

Unit 3: Budgeting and Standard Costing

  • Types of budgets
  • Concept of zero base budgeting
  • Variance Analysis: Material, labor and overheads variances
  • Problems and solutions related to variance analysis

 

PART – B

 

Unit 4: Marginal Costing

  • Concept of marginal and absorption costing
  • Cost volume profit analysis
  • Break-even analysis
  • Problems and solutions related to decision making

 

Unit 5: Analysis and Interpretation for Decision Making

  • Accounting ratio
  • Significance and limitations of ratio analysis
  • Fund flow and cash flow statement
  • Problems and solutions related to ratio analysis

 

Unit 6: Pricing and Financial Decision Modeling

  • Theory and policy of pricing of a product
  • Pricing strategies
  • Contemporary issues in decision modeling (TQM, Target Costing)

 

Recommended Books:

  1. Atkinson, Anthony A., Banker, Rajiv D., Management Accounting, Prentice Hall of India.
  2. Hilton, Ronald W., Managerial Accounting, McGraw Hill Education, New Delhi
  3. Lal, Jawahar, Advanced Management Accounting-Text, Problems and Cases, S. Chand, New Delhi.
  4. Mittal, S. N., Accounting for Managerial Decisions, Mahavir Publications, New Delhi.

 

Only Latest available edition of the books are recommended.

Curriculum

46 Lessons

1.1 Nature and scope of cost and management accounting

Quadrant 2 : PPT00:00:00Preview
Q3 :FAQ00:00:00Preview
Quadrant 4: Assignment 100:20:00Preview

1.2 Cost concept and classification

1.3 Difference in financial, cost and management accounting

Unit 2 :Uniform Costing

2.1 Concept of uniform costing

2.2 Concept of inter firm comparison

Unit 3 : Budgeting

3.1 Meaning of Budget and Budgetary control

3.2 Objectives of Budgeting

3.3 Types of budgets and Concept of zero base budgeting

3.4 Variance Analysis: Material, labor and overheads variances

3.4.1 Variance Analysis: Material, labor and overheads variances

3.5 Problems and solutions related to variance analysis

3.5.1 Problems and solutions related to variance analysis

5.1 Accounting ratio and Significance and limitations of ratio analysis

5.2 Fund flow and cash flow statement

5.3 Problems and solutions related to ratio analysis

Unit 4 Marginal Costing

4.1 Concept of marginal and absorption costing

4.2 Cost volume profit analysis

4.3 Break-even analysis

Your Instructors

Vibhooti Mishra

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4 Courses
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5 Students
NET JRF Qualified | M.Com | B.Com (H)

An alumni of University of Delhi and Jamia Millia Islamia. 6 year experience as an academician.

Areas of Interest : Finance , Accountancy ,taxation and business laws.

Purpose of life : To contribute for betterment of  youth of the society.
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