SESSION PLAN Course Title: Class: Management Accounting FMG 21- 2012-13

Faculty: Dr. kanhaiya ingh! "ro#essor! Finance! "ro#essor $an%ana Gu&ta Contact: 011- '12'2'3(! ()((**'010 +,tension no. '3(! -oom no 20. 011-'12'2'10. Course Descri&tion:
Learning objectives: 1. The essence of management accounting-effective use of the accounting information for planning, control and business decision making. 2. To use cost accounting as a managerial tool for business strategy and implementation. . To understand analyse the costing tools and their business application for enhancing revenue and profitability of a firm,. !. To analyse various aspects of costing such as, marginal costing, absorption costing, allocation of costs, standard costing and variance analysis, activity based costing, target costing etc. ". To understand the process of decision making, planning and budgeting in a business organisation.

Detaile% ession "lan .1 to 20 sessions/

ession 0o.
1

To&ic
#ourse background, $nternal assessment criterion, lecture approach, %n approach to management accounting, financial accounting and cost accounting and their significance, cost concepts, classification, measurement and cost management #ost sheet) production statement * cost sheet statement, production account +prime cost, factory cost, cost of production, cost of sale, allocation and assessment.

-ea%ing1Case
% case analysis #hapters 1 & 2 of the te't (ook

2&

#hapter 2& of the te't book. -umerical e'ercise.

!&"

2&1

5&7

19 & 11

12 & 1 1! & 1"

.arginal and %bsorption costing * % comparison bet/een variable and absorption costing, 0econciliation variable costing and short term decisions, advantages and limitations of variable costing. #ost-3olume profit analysis * basic concepts and significance, cost planning and #34, break even chart and limitations of #34 analysis 4rocess, 8oint and (y-product costing /ork in process inventory, /eighted average method, transfer in costs in process costing 4rocess costing and spoilage, 8oint and by products costing * basis of allocation, methods of assessment and service costing :tandard costing and variance analysis * material, labour, overheads and revenue variance :ales volume variance, management uses of variance, variance analysis and activity based costing.

#hapter 11 of the te't book. #ase analysis of marginal and absorption costing. -umerical e'ercises

#hapter 5 of the te't book. #ase analysis on (64. -umerical e'ercises on #34 analysis #hapter &! of the te't book. -umerical e'ercise.

% case on service costing

#hapter 19 of the te't book #hapter " & 1 of the te't book. #ase analysis. % case for variance analysis

12 & 11

(udgeting and (udgetary #hapter 7 &11 of the te't book. analysis. -umerical control * ;ero based budget, #ase e'ercise performance budget, fi'ed and variable budget, operational and financial budget. (udgetary control.
0esponsibility accounting& #hapters 12, 1 transfer pricing. 4ricing decisions te't book. * cost plus pricing, target costing, #ase analysis. activity based costing, life cycle costing, %ctivity (ased #osting and 1" of the

15

17 & 29

Project presentation by the individual groups

#hapter references above are from the Te't book 0ecommended e't book: .anagement %ccounting: 4aresh :hah, <=><0? @-$360:$TA 4ress, 6dition, 6ighth impression 2912.

0eference (ooks: 1. .anagerial %ccounting, by 8ames 8iambalvo, third edition, pub. Biley 2. .anagement %ccounting, . A Chan & 4 C 8ain, 4ub. Tata .cDra/-Eill . .anagerial %ccounting, 0onald B Eilton) D 0amesh 4ub.Tata .cDra/

'. +2aluation Metho% 3 4eightage:

5nternal Assessment .*0 Marks/ .id Term 6'am: 29. #lass %ssignments: ". #lass FuiG: 19 . Droup 4roject and presentation : 29. #ase %nalysis: ".

+n% Term Assessment .'0 Marks/