You can read B.Com 3rd Year Management Accounting Notes Online at here.
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Following concepts are in B.Com 3rd Year Management Accounting Notes
UNIT – I
You can donate Accounting Education at here.
Following concepts are in B.Com 3rd Year Management Accounting Notes
UNIT – I
Management Accounting : Meaning, Definition, Nature, Objectives, Scope and Functions of
Management Accounting, Management Accounting and Financial Accounting, Management and
Cost Accounting; Utility of Management Accounting, Role of Management Accounting in
decision making; Management Accounting Tools; Advantages and Limitations of Management
Accounting.
Financial Statements: Concept, Nature, Objectives of Financial Statements, Types of
Financial Statements; Limitations of Financial Statements; Analysis and Interpretation of
Financial Statements: Objectives, Types and Methods of Financial Statements Analysis.
Fund Flow Analysis : Concept of Funds, Sources and Uses of Funds, Concept of Flow,
Funds Flow Statement, Managerial uses of Funds Flow Analysis, Statement of Changes in
working Capital, Funds Flow Statements.
Cash Flow Analysis : Indian Accounting Standard – 3, Cash Flow Statement.
UNIT – II Comparative Statements, Common size statements, and Trend analysis. Ratio analysis : Meaning of Ratios, Classification of Ratios, Profitability ratios, Turnover ratios, Liquidity ratios, Solvency ratios; Calculation and interpretation of the ratios; Advantage of Ratio Analysis; Limitations of Accounting Ratios.
UNIT – III CVP Analysis: Introduction, CVP Assumptions and Uses; Break-Even Analysis: BE Point, Margin of Safety, and maintaining a desired level of profit; Graphical presentation of CVP Relationship; Profit Graph. Marginal Costing and Management Decisions – Marginal Costing vis-à-vis Absorption Costing; Marginal and differential costing as a tool for decision making; Marginal Costing Techniques; Marginal Cost and Product Pricing; Change of Product Mix; Make or Buy Decisions; exploring new markets; Shut Down Decisions.
UNIT – IV Budgeting for Profit Planning and Control: Meaning of Budget and Budgetary control; Objectives; Merits and Limitations; Types of Budgets: The budget manual, principal budget factor, preparation and monitoring procedures, preparation of functional budgets (Production, Sales, Materials), cash budget, (idea of master budget); Fixed and flexible budgeting; Control ratios; Zero base budgeting; Performance budgeting; Responsibility accounting. Standard Costing and Variance Analysis: Meaning of Standard Cost and Standard Costing; Advantages and Application; Variance analysis: Material, Labour and Overhead Variances (two-way analysis).
UNIT – II Comparative Statements, Common size statements, and Trend analysis. Ratio analysis : Meaning of Ratios, Classification of Ratios, Profitability ratios, Turnover ratios, Liquidity ratios, Solvency ratios; Calculation and interpretation of the ratios; Advantage of Ratio Analysis; Limitations of Accounting Ratios.
UNIT – III CVP Analysis: Introduction, CVP Assumptions and Uses; Break-Even Analysis: BE Point, Margin of Safety, and maintaining a desired level of profit; Graphical presentation of CVP Relationship; Profit Graph. Marginal Costing and Management Decisions – Marginal Costing vis-à-vis Absorption Costing; Marginal and differential costing as a tool for decision making; Marginal Costing Techniques; Marginal Cost and Product Pricing; Change of Product Mix; Make or Buy Decisions; exploring new markets; Shut Down Decisions.
UNIT – IV Budgeting for Profit Planning and Control: Meaning of Budget and Budgetary control; Objectives; Merits and Limitations; Types of Budgets: The budget manual, principal budget factor, preparation and monitoring procedures, preparation of functional budgets (Production, Sales, Materials), cash budget, (idea of master budget); Fixed and flexible budgeting; Control ratios; Zero base budgeting; Performance budgeting; Responsibility accounting. Standard Costing and Variance Analysis: Meaning of Standard Cost and Standard Costing; Advantages and Application; Variance analysis: Material, Labour and Overhead Variances (two-way analysis).
