This course emphasizes on the development and use of management accounting information for internal decisions in business management. Aim of this course is to equip participants with a systematic and rigorous knowledge of management accounting practices that can be strategically applied across various functions of an organization to improve its’ performance. The course also reviews contemporary developments in cost & management accounting for strategic decision- making. This course is recommended for students who will be using accounting information for managing – manufacturing & service operations; controlling costs & making strategic decisions; as well as those going into general consulting or thinking of starting their own businesses. A variety of case studies in different industries and decision contexts are used to examine the application of Managerial accounting concepts.
2.COURSE OBJECTIVE
Objective of this course is to equip participants with a systematic and rigorous knowledge of management accounting practices that can be strategically applied across various functions of an organization to improve its’ performance. Emphasis is placed on the interpretation and use of accounting information rather than its creation and accumulation.
3. LEARNING OUTCOMES At the end of the course it is expected that the following learning outcomes will be achieved. The class provides opportunities for students to develop and demonstrate knowledge, understanding and skills in the following areas: 1. Use of management accounting information for decision making and resource allocation 2. Develop critical thinking, analytical and synthesis skills of business events 3. Ability to make rational choices using management accounting techniques and justify them in business decisions 4. Interpret cost information for business decisions
Page 1 of 7 Course Outline – 2022 - 2024
4. REQUIREMENTS / COURSE PRE-REQUISITES (from the students)
It is essential that the student has a thorough understanding of concepts in Financial Accounting, which is the core course of accounting & finance.
5. READING MATERIAL
a) Main Text
Principles and Practice of Cost Accounting by Ashish K. Bhattacharyya, Prentice-Hall of
India, Third Edition E-Book E Book – Available online for free - Principles of Accounting – Managerial Accounting https://openstax.org/details/books/principles-managerial-accounting
b) Reference Books Introduction to Management Accounting by Charles T.Horngren, Gary L.Sundem,William O.Stratton, Pearson Education, Thirteenth Edition. Management and Cost Accounting by Colin Drury, International Thomson Business Press, fifth Edition. Advanced Management Accounting – Robert S.Kaplan & Anthony A. Atkinson – Pearson Education Asia, Fourth Edition.
E-Book E Book – Free Download - Managerial Accounting.pdf (saylor.org) E Book – Free Download - Managerial Accounting - Table of Contents (saylordotorg.github.io) E Book – Free Download - Management Accounting: Concepts and Techniques (fatcow.com) 5.1 Journals Management Accountant Chartered Accountant Chartered Finance Analyst Journal of Accounting and Finance
For this course class participation is crucial. You will be able to effectively participate in discussions only when you have prepared yourself adequately well for the class. Please note the quality of learning in each session will be dependent on how much knowledge we are able to create for each other. Evaluation of the students would be based on the following parameters: 1. Class Participation - 20% 2. Assignments - 20% 3. Case lets & Case Study Analysis & Submission - 20% 4. End Term Written Exam – Closed Book - 40%
7.1 Evaluation Scheme:
Assessment Description Marks Submission Component Date 1. Class Participation 20 Each class 2 Assignments 20 Periodic 3 Case lets & Case Study Analysis & 20 Periodic Submission 4 End Term Written Exam – Closed Book 40 End of Term Total….. 100
7.2 GRADING Students shall be graded as per the institution policy. The scores shall be earned from the evaluations. 7.3 RE-EXAMINATION / SUPPLEMENTARY POLICY Re-examination shall be conducted in suitable cases. Students shall appear in the supplementary assessment / submit the research paper to display understanding of concepts and application covered in the course. 7.4 DETAILS OF EVALUATION Details of assessments
Component 1: Class participation: Each student will be assessed on her class participation. Class participation includes preparedness for each class, meaningful contribution made in class discussions, participating in quiz, in class submission of assignments and attendance.
Component 2: Assignment(s) submission: Students will be required to submit soft copy of
numerical based assignments (in class & take home) which will include both qualitative and
Page 3 of 7 Course Outline – 2022 - 2024
quantitative analysis. Marks will be awarded on the basis of individual / team involvement in assignment submission. This will be an Individual /Group submission Component 3: Case let / Case Study Analysis submission: Students will be required to analyze case lets /case study distributed for discussion. Students will have to submit a soft copy of their analysis which will include both qualitative and quantitative analysis. Marks will be awarded on the basis of individual / team involvement in case analysis submission. This will be an Individual / Group submission The case analysis will: Measure the ability to analyze and interpret the cost information. Explain the role of cost analysis in managerial decision making Suggest alternative course of action, if any, for organizational decisions
Component 4: End-term Examination (2 hours): Closed Book Written End Term Examination will cover the entire course. It will assess your understanding and capacity to analyze and interpret cost data for managerial decision making. 7.5 GENERAL GUIDELINES, MINIMUM ATTENDANCE, LATE ENTRY POLICY Late entry and late submission are not acceptable. In extreme cases, the students shall communicate with the faculty. Students shall follow attendance policy as set up by the institution. 7.6 SESSION PLAN Session No Topic READINGS/CASES Session 1 Introduction and Scope of Readings – What is management Accounting Management Accounting, Cost https://saylordotorg.github.io/text_managerial- Concepts accounting/s05-what-is-managerial-accounting.html Caselet - Toyota car manufacturing case let Session 2 Elements of Costs and Cost Sheet Readings - Types of cost and cost behaviour https://kfknowledgebank.kaplan.co.uk/acca/chapter- 4-types-of-cost-and-cost-behaviour Exercise – Caselet and numerical exercise will be shared in class Session 3 Cost Behaviour and Cost HBR Reading -When Cost-Plus Pricing Is a Good Estimation for Cost Sheet Idea - https://hbr.org/2018/07/when-cost-plus- pricing-is-a-good-idea Assignment Submission – In class & Take home Session 4 - 5 Preparation of Tenders and Case Study-1– HBS - Project Sparrow: Applying Quotation Costing Methods – HBSP - Product #:W21073-PDF- ENG Exercise – Caselet and numerical exercise will be shared in class Assignment Submission – In class & Take home Session 6 Overhead Cost Management HBR Reading - When You’ve Got to Cut Costs— Systems Now - https://hbr.org/2010/05/when-youve-got-to- cut-costs-now Page 4 of 7 Course Outline – 2022 - 2024
Exercise – Caselet and numerical exercise will be
shared in class Session 7&8 Overheads: allocation, HBR Reading - The Fallacy of the Overhead apportionment, absorption & Quick Fix - https://hbr.org/1991/07/the-fallacy-of- control the-overhead-quick-fix Case lets will be shared in class Assignment Submission – In class & Take home Session 9&10 Overhead Accounting - Case Study-2 – Cut Gate Plc Determination of Product/Service Exercise – Caselet and numerical exercise will be Cost shared in class Session 11 Activity Based Costing (ABC) HBR Reading -Time-Driven Activity-Based Costing - https://hbr.org/2004/11/time-driven- activity-based-costing Session 12 Marginal Costing Techniques HBR Reading - Contribution Margin: What It Is, How to Calculate It, and Why You Need It - https://hbr.org/2017/10/contribution-margin-what-it- is-how-to-calculate-it-and-why-you-need-it Case Study-3– HBS - Scenic Floral: Go North Young Man? – HBSP - Product #:W25532-PDF- ENG Case lets will be shared in class Session 13& Cost Volume Profit (CVP) HBR Reading - A Quick Guide to Breakeven 15 Analysis Analysis - https://hbr.org/2014/07/a-quick-guide- to-breakeven-analysis Case Study - 4 – Public Health Care Centre Exercise – Caselet and numerical exercise will be shared in class Case Submission – In class & Take home Session 16 - 18 Marginal Costing & Tactical Case Study-5– HBS - Sapphire Textile Mills Decisions Limited: Refined Costing - HBSP - Product #: LCA067-PDF-ENG Caselet - Do-All Software – Case let Case Submission – In class & Take home Session 19&20 Managerial Accounting & Control HBR Reading - Why Is Budgeting Important In – Budgets & Variance Analysis; Business? 5 Reasons - First budgeting and then variance https://online.hbs.edu/blog/post/importance-of-budgeting- analysis in-business How To Prepare a Budget For An Organization: 4 Steps - https://online.hbs.edu/blog/post/how-to-prepare-a- budget-for-an-organization Case Study-6 – HBS- Hubro Simulations: Managerial Accounting – HBSP - Product #: HUB003-HTM- ENG Session 21 & Capacity Costs – Flexible Budgets; Case Study-7 – Delhi Nursing Home Case Study 22 Cash Budget Case Study-8– HBS- Speak-On: Projecting Cash Budgets for a New Venture – HBSP - Product #:W19655-PDF-ENG
Page 5 of 7 Course Outline – 2022 - 2024
Case Study-9– HBS-Ireland Renovations: Budgeting
for Future Growth - W20240-PDF-ENG Assignment Submission – In class & Take home Session 23 Budgeting & Responsibility HBR Reading - Zero-Based Budgeting Is Not a Accounting; Zero Base Budgeting & Wonder Diet for Companies - Resource Allocation https://hbr.org/2016/06/zero-based-budgeting-is- not-a-wonder-diet-for-companies HBR Podcast - Airbnb, Plus Lessons from Kraft Heinz and Zero Based Budget - https://hbr.org/podcast/2019/03/airbnb-plus- lessons-from-kraft-heinz-and-zero-based- budgeting Case Study-10– HBS - Aster DM Healthcare: Budgeting for a Crisis - – HBSP - Product #: 121001-PDF-ENG Case Submission – In class & Take home Session 24 Environmental Cost Management, HBR Reading - Accounting for Climate Change - Balanced Score Card https://hbr.org/2021/11/accounting-for-climate- change Conceptual Foundations of the Balanced Scorecard - https://www.hbs.edu/ris/Publication%20Files/10- 074_0bf3c151-f82b-4592-b885-cdde7f5d97a6.pdf
Outcome: LO1 Y Y LO2 Y Y Y Y LO3 Y Y Y LO4 Y Y Y Y
7.9. Curriculum Map (Please number the two (as 1 and 2) best Program Learning Goals (PLG) accomplished on completion of your course)
Page 6 of 7 Course Outline – 2022 - 2024
Course Name L1 L2 L3
Management Accounting Y Y Y
Program Learning Goals
L1. To demonstrate an ability to apply and integrate the functional areas of business to make sound decisions. L2. To develop competence to identify and solve complex problems using structured, feasible and creative solutions. L3. To broaden the intellectual depth through multidisciplinary approach, critical thinking ability and experiential learning. L4. To develop the sensibility to care about human lives, community and planet in decision making. L5. To exhibit leadership and interpersonal awareness by collaboration and effective communication for implementing and coordinating organizational activities and managing change.
8. INTRODUCTION TO COURSE INSTRUCTOR(S) (a brief profile)
Dr. P. Malarvizhi is Professor of Accounting & Finance with over 30 years of Teaching, Research, Training, Consulting & Corporate experience. She teaches courses on Financial Accounting, Cost & Management Accounting, Strategic Cost Management, Management Control Systems & Corporate Taxation. She is a keen researcher in the field of Corporate Environmental Accounting & Reporting. She has conducted various Management Development/Training programmes for Corporate Executives and officers of Indian Administrative Service. She was appointed by Ministry of Environment and Forest (MoEF), GOI as State Level Expert Advisory Committee (SEAC) member and served as an advisor to Department of Environment, Government of Delhi.. She guides doctoral research scholars. She has published research papers in reputed journals and is invited to present her research work at numerous national and international conferences.
Course: General Science in Schools (8638) Semester: Spring, 2020 Assignment No. 2 Q. 1 Develop A Lesson Plan Based On 5E Teaching Model From 7 Or8 Class Science. Ans
Course: General Science in Schools (8638) Semester: Spring, 2020 Assignment No. 2 Q. 1 Develop A Lesson Plan Based On 5E Teaching Model From 7 Or8 Class Science. Ans
