EMBA

Course Objectives

The primary objective of this course is to provide the EMBA graduates with a sound understanding of the concepts of management accounting and applications of various management accounting tools and techniques in organizational planning, decision-making, and controlling.

Course Details

Unit I: Introduction

Management accounting, basic concepts, needs, and limitations, management vs. financial accounting; concept and classification of costs segregation and forecasting.

Unit II: Planning and Control

Basic concepts of budgeting, preparation of functional budget, financial budget, and master budget; flexible budgeting.

Unit III: Income Recognition

General concept of absorption costing and variable costing; the techniques and reconciliation of costing.

Unit IV: Cost Volume Profit (CVP) Analysis

Meaning and usage of CVP analysis; CVP analysis and applications, sales mix and CVP analysis.

Unit V: Decision Making

Make or buy, drop or continue a product line, accept or reject a special order, replacement of equipment.

References

1. Horngren, C. T., Sundem, G. S., & Stratton, W. O. (2004). Introduction to Management Accounting. (12^th ed.,). Pearson Education: New Delhi.

2. Lynch, R. M. & Williamson, R. W. (2001). Accounting for Management. (3^rd ed.), Tata McGraw-Hill; New Delhi