Nature & Scope of Management Accounting - Meaning – Nature – Scope – Functions – Objectives – Importance – Limitations - Distinction between Financial Accounting & Management Accounting - Relationship between Cost & Management Accounting - Tools & Techniques of Management Accounting - Meaning & Process of Financial Statement Analysis & Interpretation

Ratio Analysis - Meaning – Advantages of Ratio Analysis – Limitations - Classification of Ratio - Profitability – Turnover Ratios - Long-term Financial Position working capital management-Meaning of Working capital-Importance, Determinants &Computation of Working Capital-Forecast of Working Capital Requirement.

Funds Flow Statement - Meaning & Concept of Funds & Flow of Funds - Importance & Uses of Fund Flow Statement – Limitations - Schedule of changes in Working Capital - Preparation of Fund Flow Statement - Cash Flow Statement - Comparison between Fund Flow Statement and Cash Flow Statement - Uses of Cash Flow Statement – Limitation -Preparation of Cash Flow Statement(New model).

Marginal Costing – Definition of Marginal Cost and Marginal Costing – Salient Features – Advantages of Marginal Costing – Limitations - Break-even analysis – Cost– Volume Profit Analysis - Application of Marginal Costing for Business Decision Making.

Budgeting and Budgetary Control - Meaning – Definitions - Objectives of Budgetary Control - Essential of Budgetary Control - Advantages – Limitation – Classification and Types of Budgets – Sales, Production, Cost of Production, Purchase and Flexible Budgets - Cash Budgets.Standard Costing and Variance-Analysis(Material and Labour,Sales overhead only)-Advantages and limitation of Standard Costing.