ACCOUNTING FOR MANAGEMENT
UNIT-I
Accounting as an information system, Accounting terms, concepts and conventions, Branches of accounting: Financial, Cost and Management Accounting and their interrelationships. Changing role of accountant in profession and Industry.
Accounting Cycle , Capital and Revenue expenditures and receipts
UNIT-II
Preparation of financial statements of an organization
Understanding Corporate Financial statements—types, nature, attributes, uses and limitations Financial Analysis – Concepts and objectives. Tools for analysis and interpretation of financial statements- Ratio analysis, Common –size financial statements, Comparative statements, Trend analysis, Fund Flow and Cash Flow Statements.
UNIT-III
Corporate Reporting and Disclosure requirements. Harmonization of Accounting Practices: International accounting Standards (IAS) and Role of Accounting Standards Board (ASB) of India. Recent trends in the presentation of Corporate Published Accounts.
UNIT-IV
Cost Accounting – Meaning Scope and Classification of costs, Absorption costing, marginal costing, break-even analysis, use of cost data in managerial decision-making.
Cost Control Techniques- Preparation of budgets and their control, zero base budgeting. Standard costing and variance analysis, Responsibility accounting.
Text Books:
1. Juneja, CM, Accounting for Management, Kalyani Publishers.
2. Maheshwari, Financial Accounting, Vikas Publishing House.
Reference Books:
1. Horngran, Sundem & Stratton, Introduction to Management Accounting, Prentice Hall India.
2. L. S. Porwal, Accounting Theory, Tata McGraw Hill.
3. Bhattacharyya, John Dearden, Costing for Management, Vikas Publication House.
4. A. K. Vashisht, J.S Pasricha, Management Accounting, Unistar Books PVT.Ltd.
5. R. K. Lele, Jawahar Lal, Accounting Theory, Himalaya Publishers.
6. Pandey, Management Accounting, Vikas Publishing House.
UNIT-I
Accounting as an information system, Accounting terms, concepts and conventions, Branches of accounting: Financial, Cost and Management Accounting and their interrelationships. Changing role of accountant in profession and Industry.
Accounting Cycle , Capital and Revenue expenditures and receipts
UNIT-II
Preparation of financial statements of an organization
Understanding Corporate Financial statements—types, nature, attributes, uses and limitations Financial Analysis – Concepts and objectives. Tools for analysis and interpretation of financial statements- Ratio analysis, Common –size financial statements, Comparative statements, Trend analysis, Fund Flow and Cash Flow Statements.
UNIT-III
Corporate Reporting and Disclosure requirements. Harmonization of Accounting Practices: International accounting Standards (IAS) and Role of Accounting Standards Board (ASB) of India. Recent trends in the presentation of Corporate Published Accounts.
UNIT-IV
Cost Accounting – Meaning Scope and Classification of costs, Absorption costing, marginal costing, break-even analysis, use of cost data in managerial decision-making.
Cost Control Techniques- Preparation of budgets and their control, zero base budgeting. Standard costing and variance analysis, Responsibility accounting.
Text Books:
1. Juneja, CM, Accounting for Management, Kalyani Publishers.
2. Maheshwari, Financial Accounting, Vikas Publishing House.
Reference Books:
1. Horngran, Sundem & Stratton, Introduction to Management Accounting, Prentice Hall India.
2. L. S. Porwal, Accounting Theory, Tata McGraw Hill.
3. Bhattacharyya, John Dearden, Costing for Management, Vikas Publication House.
4. A. K. Vashisht, J.S Pasricha, Management Accounting, Unistar Books PVT.Ltd.
5. R. K. Lele, Jawahar Lal, Accounting Theory, Himalaya Publishers.
6. Pandey, Management Accounting, Vikas Publishing House.
Disclaimer: The syllabus are subject to continual changes.Some of the content may have been changed.