Management Accounting A Complete Study

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

Take this Course for $10
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

Course Curriculum

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
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
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
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
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 1
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
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
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
Introduction to Transporation Problem
Northwest Corner Rule
Case 1 North West Corner Rule
Least Cost Method
Case 2 Least Cost Method
Introduction to Learning Curve Theory
Distinctive features of Learning Curve Theory
Learning Curve Ratio
author

CA N Raja Natarajan

Instructor

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.