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Management Accounting

The document provides a course outline for a Management Accounting course offered at FORE School of Management in New Delhi, India. The course is intended to familiarize students with management accounting tools and techniques to assist managers in decision making. It will cover topics like cost concepts, activity-based costing, variable and absorption costing, budgeting, variance analysis, and short-run decision analysis. The course is worth 1.5 credits and will be taught over 10 sessions combining lectures, discussions, assignments, quizzes and a case study. Student performance will be evaluated through various assessments worth a total of 100 marks.

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2K views2 pages

Management Accounting

The document provides a course outline for a Management Accounting course offered at FORE School of Management in New Delhi, India. The course is intended to familiarize students with management accounting tools and techniques to assist managers in decision making. It will cover topics like cost concepts, activity-based costing, variable and absorption costing, budgeting, variance analysis, and short-run decision analysis. The course is worth 1.5 credits and will be taught over 10 sessions combining lectures, discussions, assignments, quizzes and a case study. Student performance will be evaluated through various assessments worth a total of 100 marks.

Uploaded by

Vampire
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FORE School of Management, New Delhi

Course Outline

Programme: PGDM (FM 03)

Name of the Course: Management Accounting Credit: 1.5


Term: 3 Academic Year: 2020-2021
Faculty: Dr. Gaurav Gupta Office Contact No.: 011-46485531
No. of Sections: 1 (Section F) Email: [email protected]

Introduction: Management accounting is the branch of accounting that deals with providing relevant
financial information to the managers of an organization to aid them in decision making. Thus, the
consumers of management accounting information are parties internal to the concerned organization. It
is important for the prospective managers to be acquainted with the tools and techniques available at
their disposal to assist them in taking more objective decisions.

Objective: The course aims to familiarize students with:


 How management accounting as a branch differs from other branches of accounting;
 Application and interpretation of different tools of management accounting.

Text Book: Management Accounting: Text, Problems and Cases (7th edition) by M. Y. Khan and P. K.
Jain (McGraw Hill Education)

Reference Book:
1. Introduction to Management Accounting (16th edition) by Charles T. Horngren et al. (Pearson)
2. Managerial Accounting (10th edition) by Ronald W. Hilton et al. (McGraw Hill Education)

Pedagogy: Lectures, class discussions, assignment, quiz and case study.

Evaluation Component and weightage:


Quiz : 15 Marks
Assignment : 25 Marks
Class Participation : 10 Marks
End Term : 50 Marks
Total : 100 Marks
Session Plan:

No. Session Theme Readings from Question to explore/ Learning outcome


Textbook
1 Introduction to Management Accounting, Chapter 1,7 Management Accounting versus Financial
Cost concepts Accounting
Nature of management accounting
Cost concepts for management needs
2 Activity-based costing Chapter 12 Traditional costing versus activity-based
costing
Costing for marketing, selling and distribution
and administration jobs
3 Variable and absorption costing Chapter 15 Variable costing versus absorption costing
Reconciliation of differences
Merits and demerits
4-5 Cost-volume-profit analysis Chapter 16 Break-even point: algebraic and graphical
Break-even analysis
Cash break-even point
6-7 Budgeting Chapter 17 Planning process
Meaning and purpose of budget
Types of budgets
8-9 Cost, Revenue and profit variance Chapter 19, 20 Analysis of material, labour and overhead
analysis variances
Analysis of sales variance and profit variance
Reconciliation of actual and budgeted profit
10 Short-run decision analysis Chapter 23 Use of cost analysis in decision making
Differential/incremental analysis
For official use: -
As Benchmarked with course content in previous year, the contents of this course: (Please mark the
right option below)
(a) Is totally new
(b) Has not changed at all
(c) Has undergone less than 20% change 
(d) Has undergone more than 20% change

Course Faculty Area Chair


Dr. Gaurav Gupta

Manager (Academics) Manager (Academics)

Dean (Academics)

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