Finance Domain: Advance Managerial Accounting
Teacher
Dr. Pramod Kumar Patjoshi
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Course Name : Advance Managerial Accounting
Code(Credit) : CUFM2350(3-0-1)
Course Objectives
- To equip the students with various concepts, tools, and techniques Cost and Management accounting.
- To provide a thorough understanding and techniques of financial statements analysis.
- To provide an understanding of methods of cost accounting and its relevance in management decision making
Course Outcomes
- Critically analyze and improve the operations of organizations through the application of management accounting techniques;
- Read, interpret and analyze financial statements; combine financial analysis with other information to assess the financial performance and position of a company;
- Apply relevant costing methods to analyze specific business issues.
- Develop (plan and forecast) budgets for different businesses.
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COS COURSE OUTCOMES MAPPING COS WITH POS (High-3; Medium-2; Low-1) CO1 Critically analyse and improve the operations of organisations through the application of management accounting techniques; PO1(3), PO2(2) CO2 Read, interpret and analyze financial statements; combine financial analysis with other information to assess the financial performance and position of a company; PO1(2), PO2(3) CO3 Apply relevant costing methods to analyze specific business issues. PO2(3) CO4 Develop (plan and forecast) budgets for different businesses. PO1(3), PO2(3)
Course Syllabus
Module: I Concept of Management Accounting
Concept; Tools of Management Accounting; Difference between Financial Accounting, Cost Accounting & Management Accounting, and their Scopes; Role of Management Accountant in Decision Making
Module: II Financial Performance Analysis
Corporate Financial Statements: Income Statement and Balance Sheet, concepts of triple balance sheet and The integrated report framework
Financial Statement Analysis: Common Size Statements, Comparative Analysis, Trend Analysis, Financial Ratio Analysis, Inter-firm and intra-firm comparison.
Module: III Standard Costing and CVP Analysis
Standard Costing and Variance Analysis: Concept of Standard Cost and Standard Costing, Types of Variance (Material Variance and Labour Variance); Activity Based Costing
CVP Analysis and CVP Application in decision making;
Module: IV Budgetary Control
Budget, Budgeting, Classification of Budget: Cash Budget, Fixed Budget and Flexible Budget, Zero-Base Budgeting, Responsibility Accounting;
Project Details:
- Project on Management Accounting and its Application as A Variable Tools for Organisational Decision Making
- Project on Financial Statements of a company - From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
- Project on study of Financial Statement Analysis through excel of different Companies like TCS, TVS Motor, Tata Steel, RIL, etc.
- Project on Analysis of Budgetary Control Small Business
Text Books:
- Horngren, Foster & Dater - Cost Accounting: A Managerial Emphasis (Pearson)
- N. Arora – Cost and Management Accounting Theory and Problems Vikash
- Khan and Jain- Management Accounting-TMH
Journals
- Indian Accounting Review
- Indian Journal of Accounting
Links to websites:
Session Plan
Session 1
Discussion of Course Contents and Session Plan
Session 2
Introduction to Management Accounting, Concept of Management Accounting, Nature of Management Accounting
https://www.slideshare.net/tangiralasruthi/management-accounting-44401238
Session 3
Functions of Management Accounting, Scope of Management Accounting , Financial Analysis, and Planning
https://www.slideshare.net/tangiralasruthi/management-accounting-44401238
Session 4
Tools of Management Accounting
https://www.slideshare.net/basiljoe010/tools-techniques-of-management-accounting
Session 5
Difference between Financial Accounting, Cost Accounting & Management Accounting
https://www.youtube.com/watch?v=qISkyoiGHcI
Students’ Presentation
Session 6, 7
Project on Management Accounting and its Application as A Variable Tools for Organisational Decision Making
https://nairaproject.com/projects/2592.html
Students’ Presentation
Session 8
Corporate Financial Statements, Financial Statements of a company
https://slidemodel.com/templates/financial-statements-powerpoint-template/
Session 9, 10
Project on Financial Statements of a company - From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
Students’ Presentation
Session 11
Overview of Financial Statements Analysis, Business Analysis ,Types of Business Analysis, Components of Business Analysis
https://www.slideshare.net/waelsaid75/business-analysis-fundamentals-13531682
Session 12
Project on Business Analysis- From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
Students’ Presentation
Session 13
Analysis of Financial Statements Meaning Significance Objectives Advantages
https://www.slideshare.net/bentot25/financial-statement-analysis-35636795
Session 14
Tools of Analysis of Financial Statements
https://www.slideshare.net/johnobote/tools-of-financial-analysis-and-control
https://www.youtube.com/watch?v=hGFG4fbd4Lk
Case Study on Financial Statement Analysis of Tata Steel
Students will enter the financial statement data in excel
Session 15
Comparative Finance Statements Analysis
Project Students will prepare the comparative financial statement data in excel
Session 16
Common Size Financial Statement Analysis
Project Students will prepare the common size financial statement data in excel
Session 17
Trend Analysis
Project Students will prepare the trend analysis financial statement data in excel
Session 19
Liquidity Ratios and Efficiency Ratios
Project Students will find out the Liquidity Ratios and Efficiency Ratios in excel
Session 20
Leverage Ratios and Coverage Ratio
Project Students will find out the Leverage Ratios and Coverage Ratio in excel
Session 21, 22
Profitability Ratios
Project Students will find out the Profitability Ratios in excel
Session 23, 24, 25
Project on study of Financial Statement Analysis through excel of different Companies like TCS, TVS Motor, Tata Steel, RIL, etc.
Students' Presentation
Session 26, 27
Activity-Based Costing: Concept, Stages in Activity-Based Costing, Classification of Activities, Advantages of Activity-Based Costing, Essentials Factors of a Good Activity-Based Costing System
https://www.slideshare.net/ATBHATTI/activity-based-costing-system-15438620
Session 28
Project on Analysis of Activity Based Costing
Students' Presentation
Session 29
Standard Costing and Variance Analysis: Standard Cost, Standard costing, Advantages of Standard Costing, Limitations of Standard Costing, Organisation for Standard Costing, Setting of Standard
https://www.slideshare.net/speedkings/standard-costs-and-variance-analysis
Session 30, 31
Variance Analysis: Types of Variances. Cost Variance, Direct Material Cost Variance, Direct Labour Cost Variance
Practice Problem on variance analysis
Session 32
Project on Variance Analysis
Students' Presentation
Session 33, 34
CVP Analysis and CVP Application in decision making;
https://www.slideshare.net/dhiraj.gaur/presentation-cvp-analysis-140908?next_slideshow=1
https://www.slideshare.net/Arifs18/applications-of-marginal-costing
Session 35
Project on CVP Application in decision making
https://nairaproject.com/projects/2589.html
Students' Presentation
Session 36
Budgeting and Budgetary Control: Concept, Essentials of a Budget, Forecast Vs Budget, Budgetary Control, Objectives of Budgetary Control, Compare between Standard Costing and Budgetary Control, Organisation for Budgetary Control, Organisation Chart, Budget Centre, Budget Committee, Budget Manual, Advantages of Budgetary Control
https://www.slideshare.net/KajalSharma79/budget-budgeting-and-budgetary-control
Session 37, 38
Types of Budgets: Classification on the Basis of Time, Classification on the Basis of Function, Classification on the Basis of Capacity, Flexible Budget, Cash Budget
Practice Problem on the preparation of budget
https://www.slideshare.net/ranasingh0820/types-of-budgets-5773243
Session 39
Zero Base Budgeting (ZBB), important Aspects of ZBB, Steps Involved in ZBB, Advantages of ZBB
https://www.slideshare.net/drkulrajat/zero-base-budgeting-37415409
Session 40, 41
Project on Analysis of Budgetary Control Small Business
Students' Presentation
Session 42, 43
Case Studies
Case Study on Financial Statement Analysis of Tata Steel
file:///C:/Users/ACER/Downloads/A_CASE_STUDY_ON_FINANCIAL_PERFORMANCE_OF.pdf
http://www.questjournals.org/jrbm/papers/vol4-issue10/G4104960.pdf
Case Studies
Our Main Teachers
Working as an Associate Professor (Finance) in the School of Management, Centurion University, and Management, Bhubaneswar. Completed MBA from Kanchipuram University in 1998 with specialization in Finance and done Ph.D. entitled “The Impact of Inflation on Business Performance under Conditions of Limited Financial Disclosure: Case of Firms Operating in India”. Have 15 years of teaching […]