Management accounting – Meaning, nature, scope and functions, need, importance and limitations – Management Accounting vs Cost Accounting - Management Accounting vs. Financial Accounting - Analysis and Interpretation of financial statements – Nature, objectives, essentials and tools - Methods – Comparative Statements, Common Size statement and Trend analysis.
Ratio Analysis – Interpretation, benefits and limitations -Classification of ratios-Liquidity, Profitability, Turnover - Construction of Balance Sheet.
Funds flow and Cash flow analysis - Budgets and Budgetary control – Meaning, objectives, merits and demerits.
Cost-Volume-Profit Analysis-Marginal Costing and Break Even Analysis, Managerial Applications of Marginal Costing-Significance and Limitations of Marginal Costing.
Variance Analysis – Material, Labour and Overhead Variances
Reference Book:
Management Accounting, Dr A Murthy and Dr S Gurusamy, Tata McGraw Hill, New Delhi, 2012 Management Accounting, T. S. Reddy and Hari Prasad Reddy, Margham Pulication, 2013 Management Accounting Theory Problems and Solutions, Dr.R.RamaChandran and Dr.R.Srinivasan, Sriram Publications, Trichy, 2012 RSN Pillai & Bagavati, Management Accounting – S Chand & Co Ltd – New Delhi, 2012
Text Book:
Management Accounting, S.N Maheswari,– Sultan Chand & Sons, New Delhi, 2014