N R Institute of Business Management

Course Design and Session Plan Management Accounting

PGDM (Term-I) - (2012-14) Introduction It has been found that management accounts are invaluable when it comes to a company creating important and timely management decisions concerning their business. The main aim of managerial accounting is to improve the efficiency and quality of operations by providing program owners and all others with suitable and applicable cost based performance information to permit for nonstop improvement in distributing the output to outcome the stockholders. Managerial accounting has been developed and used with all from the beginning times to help all the directors to understand the costs of running a project. Modern managerial accounting is created during the industrial revolution during the difficulties of running a large scale business which show the way to the development of scheme for recording and checking costs to help business proprietors and managers to finalize and make conclusions.

So it is very essential for a management student to understand the concepts of managerial accounting.

Course Objectives 1. 2. 3. To develop an understanding of accounting and enable the students to evaluate the firms decision areas related to financial accounting & cost accounting. To familiarize the students with analytical tools & techniques. To assess risks in order to maximizing profits.

Evaluation Class Participation Quizzes/Assignments Project Report MidSem examination EndSem examination Quiz: As per session outline, during 12th, 25th and 29th session, quizzes will be organized. The students are expected to be prepared for any type of questions during the quiz pertaining to the subject body discussed so far as per course outline. 18% 06% 16% 30% 30%

The quiz is aimed to keep the participants in-tune with the subject on a continuous basis.

They will be used as the instrument to provide constant feedback to the participants on the basis of their performance to seek necessary improvements.

Assignment: At the end of completion of each chapter, the participants will be given the course assignments. The assignments may pertain to presenting the subject related articles, solving numerical problems / cases, preparing for a business game or performing given exercises.

Supplementary Readings: 1. Managerial Accounting: By Roby B. Sawyers; Steve Jackson; Greg Jenkins; Ravinder K. Arora, Cengage Learning India Pvt. Ltd, Latest edition 2. Financial AccountingR Narayan Swami, Latest edition, PHI.

Session Plan
Sessions Learning Goals Pre- session Activity Pre-Reads

1 Introduction of Management Accounting

2-4 Understanding Corporate Financial Statements

5-8 Understanding Corporate Financial Reports 9-11 Financial Statement Analysis Ratio Analysis

Module I: Briefing of main Compare and contrast points of the next management accounting session information with information used for financial accounting & Cost Accounting Describe the conceptual framework of accounting. Describe the qualitative characteristics of Accounting information Describe the steps of the accounting cycle. Briefing of main Understanding how points of the next T-accounts & debits & credits are used in double session entry accounting system. (Practical) Briefing of main Describe the types of points of the next information usually session disclosed along with the financial statements. Understand the meaning and rationale of ratio analysis Assess profitability, liquidity & solvency through calculation & interpretation of ratios (Practical) Briefing of main points of the next session

Chapter 1 Introduction of Management Accounting (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins )

Chapter 2 (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins)

Chapter 2 (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins ) Chapter 3 Financial Statement Analysis (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins)

12 Quiz I 13-15 Financial Statement Analysis Common size & Comparative Statement Analysis 16 Mid Semester Exam 17-18 Calculate and interpret common size & comparative financial statements. Describe the main sub totals of income on a multi step income statement. (practical) Chapter 3 Financial Statement Analysis (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins)

Briefing of main points of the next session

Discuss and explain cost

Briefing of main

Chapter 5

Cost Accounting Introduction

19-21 Cost Accounting CVP Analysis

22-24 Marginal Costing Contribution, P/V Ratio Analysis

concepts relating management needs to income measurement Analysis cost concepts relating to decisionmaking Explain break-even point Discuss break even application in determining sales to produce desired profits, additional sales volume Discuss sales variances and their causes Discuss various profit variances Understand reconciliation of actual profit and budgeted profit (Practical)

points of the next session

Briefing of main points of the next session

Cost concepts and management needs (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins M Y Khan and P K Jain) Chapter 9 (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins ) Chapter 9 Profit Variance Analysis (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins )

Briefing of main points of the next session

25 Quiz II 26 Standard Costing Variance Analysis

28 The use of budgets n in planning & Decision making 28 Relevant Costs and Product Planning Decisions 29 Quiz III 30-35

Understand the meaning of standard costs Explain the main components of standard costs Discuss the ways to establish cost standards Discuss different types of budgets.

Briefing of main points of the next session

Chapter 11 Standard Costs and Quality Costs (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins ) Chapter 10 (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins ) Chapter 12 (Managerial Accounting by Roby B. Sawyers, Steve Jackson, Greg Jenkins )

Briefing of main points of the next session

To understand some product planning decisions which affect the cost.

Briefing of main points of the next session

Presentation and defence of the research projects

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