Management Accounting Notes Pdf
Management Accounting and Cost Accounting FEATURE STORY JETS Unlimited SE is a European-based airline positioned in the low-cost flight sector. Since its foundation in 2008, the company has been successfully competing with the incumbents in the market. Joana Hansen, Head of Operations and member of the executive board, meets with. Topics covered in this MANAGEMENT ACCOUNTING Notes, eBook: Chapter 1, Management accounting; Chapter 2, Funds flow analysis; Chapter 3, Cash flow statement; Chapter 4, Ratio analysis; Chapter 5 - Budgetary control; These notes on MANAGEMENT ACCOUNTING can be downloaded by clicking on the pdf icon below.
Management Accounting Notes Pdf Bangalore University
- Accounting is about providing information in support of the internal management processes. Many organizations refer to their internal accounting units as departments of strategic finance. This title is more reflective of their wide range and scope of duties. Managerial accounting is quite different from financial accounting.
- Cost and Management Accounting Notes 4 LOVELY PROFESSIONAL UNIVERSITY 4. Cost Audit: The terminology of ICMA, London, de fi nes cost audit, as “the veri fi cation of the correctness of cost accounts and of the adherence to the cost accounting plan”. Cost audit has a much wider role to play in an industry or organisation than people could.
Table of Contents
- 1 Managerial Accounting
Managerial Accounting
These notes applies to the following Courses as examined by KNEC
Topics covered in this unit/subject are as follows:
Topic 1:Nature and scope of managerial accounting
Topic 2:Decision trees
Topic 3:Cost estimation
Topic 4:Cost volume profit analysis (C-V-P)
Topic 5:Marginal costing
Topic 6: Capital expenditure decisions
Topic 7: Transportation technique
Topic 8:Assignment technique
Topic 9:Queuing theory
Topic 10:Performance evaluation techniques
Topic 11:Budget and Budgetary control
Topic 12:Emerging trends and issues in managerial accounting
Introduction
This module unit is intended to equip the trainee with the necessary knowledge, skills and attitudes that will enable him/her analyze and interpret cost data for the purpose of decision making in an organisation
General Objectives
At the end of this module unit, the trainee should be able to:
- Carry out estimating and forecasting costs using various methods
- Recognize the role of managerial accounting in decision making
- Carry out step-by-step process in solving decision making problems
- Carry out performance evaluation for a business
- Prepare a budget in a business
Topic 1: Nature and Scope of Managerial Accounting
- Definition of managerial accounting
- The role of managerial accounting in production, marketing and finance
- Differences between managerial accounting and financial accounting
Topic 2: Decision Theory
- Definition of decision trees
- The structure of decision trees
- Use of decision trees
Topic 3: Cost Estimation
- Definition of cost estimation
- Cost estimation methods
Topic 4: Cost-Volume-Profit Analysis (C-V-P)
- Definition of cost volume profit analysis
- Terms used in cost volume profit (C-V-P)
- Assumptions of C-V-P
- Limitations of C-V-P analysis
- Break Even Point (B-E-P)
- Calculation of break even point
Topic 5: Marginal Costing
- Definition of marginal costing
- Key factor
- Decision-making using marginal costing
Topic 6: Capital Expenditure Decisions
- Nature of capital expenditure decision
- Non-discounting cash flow techniques
- Time value of money concept
- Discounting cash flow methods
- Benefits and limitations of each technique
Topic 7: Transportation Techniques
Advanced Management Accounting Notes Pdf
- Nature of transportation techniques
- Requirements for application of transportation techniques
- Transportation techniques
Topic 8: Assignment Techniques
Sybcom Management Accounting Notes Pdf
- Nature of assignment techniques
- Requirements for application of assignment techniques
- Assignment techniques for minimizing and maximizing problems
Topic 9: Queuing
- Definition of a queue
- Elements of a queue
- Terms used in queuing theory
- Application of queuing theory
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Topic 10: Performance Evaluation
- Definition of performance evaluation
- Need for performance evaluation
- Techniques for performance evaluation
Topic 11: Budgeting and Budgetary Control
- Definition of budgeting and budgetary control
- Preparation of functional budgets
- Preparation of master budget
Topic 12: Emerging Trends and Issues in Managerial Accounting
Managerial Accounting Notes Pdf
- Emerging trends and issues in Managerial Accounting
- Challenges posed by the Accounting emerging trends and issues in Managerial Accounting
- Ways of coping with the challenges posed by the emerging trends and issues in Managerial Accounting