Scribd
Upload
59 views

Accounting For Decisions Making

This document outlines the units and objectives of a course on accounting for decision making. The objective is to acquaint students with accounting concepts, tools, and techniques for managerial decisions. The goals are to gather more ideas on decision making accounting to help with important managerial decisions. The five units cover topics like standard costing and variance analysis, marginal costing and break even analysis, accounting for price level changes, and budgetary control.

Uploaded by

prakashputtu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
59 views

Accounting For Decisions Making

This document outlines the units and objectives of a course on accounting for decision making. The objective is to acquaint students with accounting concepts, tools, and techniques for managerial decisions. The goals are to gather more ideas on decision making accounting to help with important managerial decisions. The five units cover topics like standard costing and variance analysis, marginal costing and break even analysis, accounting for price level changes, and budgetary control.

Uploaded by

prakashputtu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

ACCOUNTING FOR DECISIONS MAKING

Objectives
The objective of this course is to acquaint students with the accounting concepts, tools and
techniques for managerial decisions.

Goals
Students are gathering more ideas regarding Decision making accounting, which is helpful for
making important decision and managerial level

Unit I
Introduction to Management accounting as an area of accounting, Nature, Scope, Limitations
and Advantage of Management accounting, accounting and Managerial decision, Role of
Management accountant and Responsibilities.

Unit II
Standard costing and variance analysis, Standard costing as a technique of cost control, Variance
analysis, Material, Labour and Variable overhead, and Practical problems.

Unit III
Marginal costing and Break even analysis. Concept of Marginal costing and absorption costing
and direct costing. Cost volume profit analysis. Break even analysis -Practical problems. Fund
flow and cash flow as per (AS-3).

Unit IV
Accounting for price level changes, Introduction, Effect of Inflation, Overstatement of profit.
Overstatement of rate of return. .Approaches to Inflation accounting, Partial and complete
revaluation methods. Current purchasing power method, Conversion factor or Multiplier,
Restatement of items of financial statements, Purchasing power gain or loss on monetary items,
and Practical problems.

Unit V
Budgetary control, Introduction. Meaning and Definition of Budget, Types of Budget, Fixed and
Flexible budget, Cash budget. Master Budget and Practical problems.
Reference Books:

1 . Advanced Management accounting. Himalaya publication house by J. Madegowda.


2. Cost and Management accounting. Himalaya publication house by Dr. Prashanta Athma.
3. Accounting for Management, Himalaya publication house by Dr, Juwaharlal.
4. Principle of Management accounting by Manmohan and Goyal.
5. Management accounting, Chinmay prakashan. Aurangabad by Prof. S. S.Agrawal.

You might also like