Management Accounting- Meaning - Objectives and Scope- Relationship Between Management Accounting, Cost Accounting and Financial Accounting – Financial Statement Analysis - Common Size Statements, Comparative Statements and Trend Analysis.

Analysis of Financial Strength: Ratio Analysis – Uses and Limitations - Analysis of Liquidity, Solvency and Profitability - Construction of Balance Sheet. Analysis of Financial Strength: Ratio Analysis – Uses and Limitations - Analysis of Liquidity, Solvency and Profitability - Construction of Balance Sheet.

Analysis of Financial Behavior: Fund flow Statement - Balance Sheet Vs Fund Flow Statement – Assessment of Increase or Decrease in Working Capital – Components of Funds From Operation – Preparation of Fund Flow Statement. Cash Flow Statement: Cash Flow in Operating, Financing and Investment Activities. Fund flow Statement Vs Cash Flow Statement.

Marginal Costing and Break Even Analysis - Managerial Applications of Marginal Costing - Significance and Limitations of Marginal Costing.

Budgeting and Budgetary Control: Definition – Importance - Budget Manual – Budget Committee - Essential, Classification of Budgets - Master Budget – Preparation of Cash Budget, Sales Budget, Purchase Budgets, Material Budget, Flexible Budgets. Standard Costing - Meaning – Importance – Variance Analysis (Material & Labour Variance only) Note: Distribution of Marks between problems and theory shall be 60% and 40%.