GALGOTIA BUSINESS SCHOOL POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT COURSE OUTLINE Course Title: Management Accounting PGDM

2011-2013 Trimester: III Revised: December 2011 Faculty : Prof. Nupur Mishra and Prof. Vandana Balyan 1.0 Course Description :
This course provides students with a basic management accounting concepts related to the management functions of planning, control, and decision making. The course introduces a number of management accounting tools and techniques that can be used to analyse how business processes consume resources, create value for a firm and its customers, and how this value may be enhanced through activity and process improvement

2.0 Course Objectives: The objective of the course is to familiarize the students with the basic management accounting concepts and their application in managerial decision-making. 3.0 Course Pre- Requisite Students should be well versed with the basic concept of financial accounting 4.0 Course Outcomes On successful completion of the course, the student will acquire the following skills:4.1 Analyze a firms financial activities using financial statement analysis tools. 4.2 Apply the tools of cost-volume-profit analysis, Variance analysis and budgetary control to solve problems of an internal business nature 5.0 Prescribed Text: Management Accounting, Paresh Shah, Oxford Higher Education 6.1 Additional References: 6.1.1 Advanced Management Accounting - Jawahar Lal, Vikas Publication 6.1.2 Management Accounting - D.K. MITTAL, Galgotias Publication 6.1.3 Management Accounting- Khan and Jain, TMH 6.1.4 Principles of Management Accounting, S.N.Maheswari, Sultan Chand 6.2 Journals, Magazines and Newspapers 6.2.1 The Chartered Accountant published by the Institute of Chartered Accounts of India (IC AI). New Delhi. 6.2.2 The Indian Journal of Commerce published by School of Management Studies, IGNOU.

6.2.3 The Accounting World published by the Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad 7 .0 Evaluation Scheme: 7.1 Continuous Evaluation Scheme Assignment /Case study presentation Quiz /Test (3) 7.2 Centralised Evaluation Scheme Midterm exam End term exams 15 25 ========= 40 marks 20 40 =========60 marks 100 marks

Total

8.0 Pedagogy: A variety of learning methods will be used which will emphasize a participatory learning format. Faculty will facilitate a participative learning experience through lectures, discussions and presentations combined with practical exercises. Students will be encouraged to discuss issues of topical interest. Specific methods include: Lectures Net based exploratory exercises / Assignments/Web exercise Class discussions /Interactive exercises Quiz Cases

9.0 Detailed Outline of the course:

SESSION WISE INSTRUCTION PLAN

Session No. 1-3 Module Introduction Topics Core Reading Management Accounting, Paresh Shah Ch-1 Additional Reference Khan and Jain

Management Accounting Definition and Meaning, Nature and Scope Difference between financial, cost and management accounting. Significance and limitation of Management

Accounting. Role of Management Accountant.

4-12 Analysis and Interpretation of Financial statements. Conceptual framework Ratio Analysis Fund Flow Analysis Cash flow Analysis Case : Navin Company (R.Narayanaswamy) Concepts-meaning, definitions and elements of cost. Concept of Marginal costing, Application of Marginal costing for decision making Case : Sawasthi Make or Buy Cost volume Profit analysis BEP analysis Case : Gautam Multiple Plant Standard Costing Case : Indumati Company Variance Analysis Case : Deleux company Activity Based Costing: Concepts and implementation. Case : National Bank Budgetary controlDefinitions, Classification of budgets Preparation of budgets Steps in Budgetary control Case 1: Parshwa and company Case 2 : Gurudev ltd. Management Accounting, Paresh Shah Ch-11 Khan and Jain

13-19

Costing for Managers-I

Management Accounting, Paresh Shah Ch- 2,Ch-16 and Ch-17

Advanced Management Accounting - Jawahar Lal

20-25

Costing for Managers-II

Management Accounting, Paresh Shah Ch- 13 and Ch-19

Advanced Management Accounting - Jawahar Lal

26-30

Budgetary Control

Management Accounting, Paresh Shah Ch- 12

Khan and Jain

10.0 Faculty contact hour: As per the class schedule.