Finance Domain: Advance Managerial Accounting

Teacher

Dr. Pramod Kumar Patjoshi

Category

Core Courses

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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

Learning 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.

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

https://www.youtube.com/watch?v=jXTf_mn--LQ

Session 2

Introduction to Management Accounting, Concept of Management Accounting, Nature of Management Accounting

https://www.slideshare.net/tangiralasruthi/management-accounting-44401238

https://www.youtube.com/watch?v=6oWTJR1zBCI

Session 3

Functions of Management Accounting, Scope of Management Accounting , Financial Analysis, and Planning

https://www.slideshare.net/tangiralasruthi/management-accounting-44401238

https://www.youtube.com/watch?v=rAogrxqXAeI

Session 5

Difference between Financial Accounting, Cost Accounting & Management Accounting

https://www.slideshare.net/MidhunChandran1/difference-between-financialcost-and-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

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

https://www.youtube.com/watch?v=XsKdzHVEXig

Session 12

Project on Business Analysis- From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.

Students’ Presentation

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

https://www.youtube.com/watch?v=RlmWa5XiJBA&t=8sSession 16

Session 16

Common Size Financial Statement Analysis

Project Students will prepare the common size financial statement data in excel

https://www.youtube.com/watch?v=tTKX03hwEf8

Session 17

Trend Analysis

Project Students will prepare the trend analysis financial statement data in excel

https://www.youtube.com/watch?v=SUr-ZzFBGcQ

Session 19

Liquidity Ratios and Efficiency Ratios

Project Students will find out the Liquidity Ratios and Efficiency Ratios  in excel

https://www.youtube.com/watch?v=x7piBwj4ar8

https://www.youtube.com/watch?v=Xgie4sAzlbw

Session 20

Leverage Ratios and Coverage Ratio

Project Students will find out the Leverage Ratios and Coverage Ratio  in excel

https://www.youtube.com/watch?v=5ufQekp-KIg

https://www.youtube.com/watch?v=vyGRBPLReiY

Session 21, 22

Profitability Ratios

Project Students will find out the Profitability Ratios  in excel

https://www.youtube.com/watch?v=ROqkmlVuXKU

https://www.youtube.com/watch?v=VOn03QDHgTU

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

https://www.youtube.com/watch?v=v_0podBvSRw

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

https://www.youtube.com/watch?v=1rBh2cTMS1c

Session 30, 31

Variance Analysis: Types of Variances. Cost Variance, Direct Material Cost Variance, Direct Labour Cost Variance

Practice Problem on variance analysis

https://www.youtube.com/watch?v=Z0fMdDFc40k

Session 32

Project on Variance Analysis

Students' Presentation

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

https://www.youtube.com/watch?v=HBspBqK0BcI

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

https://www.youtube.com/watch?v=bzosH81ocZY

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

https://www.youtube.com/watch?v=DmP67cH03zM

Session 40, 41

Project on Analysis of Budgetary Control Small Business

Students' Presentation

Case Studies

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    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 […]