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Management Accounting A Complete Study

Learn Basic to Advanced Concepts in Management Accounting for CA / CMA / CS / CFA / CIMA / ACCA / CPA Examinations

4.10 (76 reviews)

Management Accounting A Complete Study

Students

17.5 hours

Content

Jun 2021

Last Update
Regular Price

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What you will learn

Understand Basics of Management Accounting

Understand Budget and Budgetary Control

Understand Critical Path Analysis

Understand Linear Progamming Problem (LPP)

Undserstand Transfer Pricing


Description

Welcome to this course on Management Accounting A Complete Study

Management Accounting will help the business to conduct its business in a more efficient manner. It utilizes the principles and practices of Financial Accounting and Cost Accounting and the thrust is on determining policy and formulating plans to achieve desired objectives of Management. Management Accounting would make corporate planning and strategies effective and meaningful.

Why you should study Management Accounting?

The top most decisions in the Organisation are taken based on the reports generated by Management Accounting Systems. The very survival to success / failure of organisation depends upon kind of decisions taken based on Management Accounting Reports. Hence, it becomes necessary for Top Executives to understand the Principles and Practices of Management Accounting.

How this course will help you for Professional Examinations?

This course is structured following academic syllabus prescribed for CA Final Examinations and it is very comprehensive in nature. It will explain Theory and Practical Concepts revolving Management Accounting. Apart from CA Final, this course will also meet the requirements of Professional Examinations like CMA / CS / CFA / CPA / ACCA / CIMA / CPA, etc.

What are the topics covered / will be covered in this course?

a) Introduction to Management Accounting

b) Budget and Budgetary Control

c) Standard Costing

d) Transfer Pricing

e) Costing of Service Sector

f) Uniform Costing and Inter-firm Comparison

g) Cost Sheet, Profitability Analysis and Reporting

h) Linear Programming Problem

i) Critical Path Analysis

j) Learning Curve Theory

(and many more chapters will be added in due course)

How this course is structured?

This course is structured in self paced learning style. Screen cast type lectures are used for presenting contents.

What are the Basic knowledge required to take this course?

Basics of Accounting, Costing and Financial Management.

What are the Basic requirements to take this course?

Good Internet Connection, Mobile / Tablet / Laptop / PC


Content

Introduction to Management Accounting

Management Accounting and its Features

Management Accounting Information and its Use

Role of Management Accountancy

Impact of Changing Environment on Management Accounting

Total Quality Management Part 1

Total Quality Management Part 2

Beliefs of Total Quality Management

Decision making using Cost Concepts and CVP Analysis

Introduction to Decision Making using Cost Concepts and CVP Analysis

Examples of Irrelevant Cost in Decision Making

Continuation of Irrelevant Costs in Decision Making

Opportunity Cost

Case Study 1 Decision Making With Opportunity Cost

Case Study 2 Decision Making With Opportunity Cost

Case Study 3 Decision Making With Opportunity Cost

Notional Cost, Avoidable cost and Historical cost

Sunk cost, Out of Pocket cost and Discretionary cost

Committed cost, Shut down cost, Engineered cost

Inventoriable cost and Period cost

Differential Cost, Incremental cost and Incremental Revenue

Limiting factor

Case Study on Decision on Acceptance of New Offer

Case Study on Decision making on Pricing against a Special Order

Case Study on Decision making on Choosing Profitable Course of action

Case Study on Decision making on Pricing against a Special Job

Comprehensive Case Study on Cost Sheet of a product with relevant cost

Case Study Involving Decision Making on Acceptance of an offer

Application of Incremental/Differential Cost Techniques in Managerial Decisions

Decision on Further Processing of a Product

Case Study 1 Decision on Further Processing of a Product

Case Study 2 Decision on Further Processing of a Product

Dropping or adding Product Line

Case study on Dropping or adding Product Line

Case Study on Optimizatioin of Profit under a Limiting factor Condition

Optimising Investment Plan with Case study

Decision Making Using Cash Flow Technique with case study

Shut Down Decisions

Case Study 1 on Shut Down Decisions

Case Study 2 on Shut Down Decisions

Case Study 3 on Shut Down Decisions

Divestment Strategy

Case Study 1 Other Decision Making

Case Study 2 Decision Making using total project,incremental & opportunity cost

Comprehensive Case Study on cash flow,operating income,irrelevant items,Book Val

Introduction to Marginal Costing

Introduction to Cost Volume Profit Analysis

Important Factors in Marginal Costing Decisions

Pricing Decisions under Special Circumstances

Pricing in Periods of Recession

Differential Selling Prices

Acceptance of an offer and submission of a tender with case study

Case study on arriving at selling price for Tender

case study on Quotation for an Export order

Make or Buy Decision with a Case study

Budget and Budgetary Control

Budget and Budgetary Control

Characteristics of Budget

Objectives of Budgeting

Meaning of Budgetary Control and its Salient Features

Objectives of Budgetary Control System

Working of Budgetary Control System and responsibilities of Budget Officer

Advantages and Limitations of Budgetary Control

Components of Budgetary Control System

Preparation of Budgets

Different Types of Budgets

Fixed Budgets

Flexible Budget, features, merits and demerits

Suitability for Flexible Budget

Difference bettwen Fixed and Flexible Budget

Case 1 Flexible Budget Recovery Rate per Hour

Case 2 Flexible Budget (Total Cost Budget)

Case 3 Flexible Budget and Deviation from Planned Budget

Case 4 Flexible Budget under Incremental Price

Standard Costing Techniques

Introduction to Standard Costing Techniques

Standardd Cost Definition

Setting up of Standard Cost

Standard Costing Definition

Physical Standards

Material Quantity Standards

Labour Time Standards

Overhead Standards

Problems in setting physical standards

Types of Standards

Need for Standard Costing

Process of Setting Standards

Types of Variances

Introduction to Standard Costing Variances

Material Cost Variance

Material Price Variance

Material Usage Variance

CS Material Cost Variance

Comprehensive Case Study on Material Cost Variance

MCV more than one material

Comprehensive Case Study MCV

Labour Cost Variance

Labour Rate Variance

Labour Efficiency Variance

Case Study Labour Cost Variance

Comprehensive Case Study LCV

Overhead Cost Variance

Production Volume Variance

Overhead Expenses Variances

Variable Overhead Cost Variance

Learn Critical Path Analysis

About PERT and CPM

What is Project

PERT CPM Overview

Methodology of CPA

Advantages of CPA

Activity

Types of Activities

Events

Conventions in Drawing Network

Graphical Representation of Events

Fundamental Properties

Logical Sequencing and connection of activities

Errors in Logical Sequencing

Dependency Relationship Diagram

Network Diagram Dependency Relationship Case Study 1

Network Diagram Dependency Relationship Case Study 2

Network Diagram Computer Installation Process

Comprehensive Network Diagram

Network Diagram Simple Case Study

Critical Path Analysis

Scheduling Computatuions

Forward Pass Computations Case Study

Backward Pass Computatuion

Computatuon of EST EFT LST LFT

Critical Path Determination

Calculation of Floats

Linear Programming Problem

Introduction to LPP

Graphic Method

Maximise Problem 1 - LPP Using Graphical Method

Maximise Problem 2 - LPP Using Graphical Method

Maximise Problem 3 - LPP Using Graphical Method

Maximise Problem 4 - LPP Using Graphical Method

Simplex Method Introduction

Simplex Method Problem

Profitability Analysis

Introduction to Profitability Analysis

Operating Profit Analysis (Growth Component)

Operating Profit Analysis (Price Recovery Component)

Operating Profit Analysis (Productivity Component)

Reconciliation of Operating Profit

Case 1 Reconciliation of Operating Profit

Profitability Analysis Product Wise

Direct Product Profitability

Direct Product Profitability Statement

Case 2 Direct Product Profitability Statement

Profitability Analysis Segment Wise

Profitability Analysis Customer Wise

Case 3 Profitability Analysis Customer Wise

Benefits of Customer Profitability Analysis

Transportation Problem

Introduction to Transporation Problem

Northwest Corner Rule

Case 1 North West Corner Rule

Least Cost Method

Case 2 Least Cost Method

Learning Curve

Introduction to Learning Curve Theory

Distinctive features of Learning Curve Theory

Learning Curve Ratio

Bonus Lecture

Bonus Lecture


Reviews

C
Cliford2 April 2021

Yes it is. Im an enterprenuer and also studying CIMA one tends to have blinkers in his business but this is an eye opener or reminder

A
Arsim23 December 2018

Author should consider paying someone to read instead of him! Many mistakes and confusing problem setting

H
Hithesh12 December 2018

Well structured course, presentation could be improved . If any pdf notes could be shared with us then it would be great. Thank you so much sir.

P
Pradeep19 March 2018

Good and clear explanations of useful concepts, techniques .I would have welcomed a few more examples .


Coupons

DateDiscountStatus
11/30/202095% OFFExpired

1053462

Udemy ID

12/28/2016

Course created date

11/21/2019

Course Indexed date
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