Page 4 - DMGT403_ACCOUNTING_FOR_MANAGERS

SYLLABUS
Accounting for Managers

Objectives: To impart knowledge and skills considered essential for managers to operate successfully in the dynamic world.
To imbibe the student with fundamental understanding of managerial accounting and how it assists an organization's manage-
ment team in the overall management process.
S. No. Description
1 Basic Accounting Review: Accounting Principles, Basic Accounting terms
2 Journalizing Transactions, Ledger Posting and Trial Balance

3 Sub-division of Journal , Final Accounts
4 Basic Cost Concepts: Preparation of Cost Sheet, Elements of cost, Classification of cost, cost ascertainment,
Financial Statements: Analysis and Interpretation: Meaning , types, Ratio Analysis, Classification of Ratios
5 Fund Flow Statement, Cash Flow Statement
6 Budgetary Control: Meaning, Limitation, Installation, Classification. Innovative Budgeting Techniques:
Programme Budgeting, Performance Budgeting, Responsibility Accounting, Zero Based Budgeting.
7 Standard Costing: Meaning, Budgetary Control and Standard Costing, Estimated costing, Standard costing as
a management tool, Limitations, Determination of standard cost, Standard Cost sheet.
8 Variance Analysis: Cost variance, Direct Material Cost Variance, Direct Labour Cost Variance, Overhead Cost
Variance
9 Marginal costing and Profit Planning: Absorption Costing, Marginal Costing and direct costing, Differential
costing, Cost-volume profit Analysis, Break Even Analysis, Advantages, Limitations, Application, Costing
Technique.
10 Decisions involving alternative choices: Concept, Steps, Determination of sales mix, Make or buy decisions,
Own or Hire, Shut down or continue, Pricing Decisions: Concept, Objectives, Types, Factors affecting pricing
of a product, Product Pricing Methods, Transfer Pricing.