T A PAI MANAGEMENT INSTITUTE (TAPMI), MANIPAL

MANAGEMENT ACCOUNTING AND CONTROL

Programme: MBA
Batch: 2024-2026
Term: 2
Course Name: Management Accounting and Control – ACT 5002
Credits: 3 (24 Sessions)
Course Instructors: Prof. Prateeksha Maurya (Core), Prof. Rajiv Shah (Core),
Prof. Salu V Prasad (Core) & Prof. Santushti Gupta (Core)

PART 1
INTRODUCTION
Accounting information is an important component of the process that helps to take managerial
decisions. Linking accounting information to varied activities such as planning operations, evaluating
units/operations, sustainability and understanding the nature of costs and profits can be very useful
in helping take business decisions. Understanding aspects of control in a business environment helps
sustain the operational efficiency and profitability of the organization.

COURSE OBJECTIVES (CO)

1. To understand cost accumulation using various costing systems
2. To understand the link between cost and changes in volumes and profitability and use this in
decision making
3. To understand the concepts of Management control and apply the same in a business context

COURSE LEARNING OUTCOMES (CLO)

Upon completion of the course,

CLO 1: Students will be able to apply cost accumulation and absorption techniques (PLG 1)
CLO 2: Students will be able to demonstrate the use of C-V-P Analysis in decision making (PLG 2)

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 CLO 3: Students will be able to apply concepts of Management control and evaluate its performance
in a business context (PLG 3)
COURSE CONTENT
Introduction to Management Accounting and difference between Management Accounting &
Financial Accounting- Introduction to costing terms-Cost classification and allocation of overheads-
Costing Systems and Costing techniques – Management Accounting for Profit Planning- Budgeting and
Variance Analysis-CVP relationship - Decision making using Management Accounting

PRESCRIBED TEXT BOOK

Srikant M. Datar and Madhav V. Rajan (2018), Horngren’s Cost Accounting – A Managerial Emphasis
(16th edition), Pearson (Indian adaptation)

REFERENCE BOOK:
Students can also refer to other books to supplement their study:
a. Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant (2008), Accounting: Text and Cases,
(12th edition), New Delhi: Tata McGraw Hill.

b. Jiambalvo, James, Managerial Accounting, Wiley, 2013.

c. Eldenburg and Wolcott, Cost Management: Measuring, Monitoring, and Motivating Performance,
Wiley, 2011.
d. Pandey, I. M., Management Accounting, Vikas Publications, 2004.

POLICY ON PLAGIARISM:

A similarity index score of up to 10% in all evaluation components, where applicable, is permitted. Any
score beyond the permitted range will invoke section 8.4 (Academic integrity) of the PGP handbook.

ASSESSMENT SCHEME AND WEIGHTAGE

{A} MID-TERM & END-TERM

Evaluation Weightage Duration Open/closed

Evaluation CLO Tested
Component (%) (In minutes) Book
Mid -Term Mid -Term 20 90 Closed Book CLO 1

End-Term End-Term 40 120 Closed Book CLO 2 & CLO 3

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{B} OTHER ASSESSMENTS

S. Evaluation Evaluation Unit of

Item* Weight Time CLO
No. Component Evaluation

1 Quiz Quiz 1 Individual 10% After session 8 -

2 Quiz Quiz 2 Individual 10% Surprise quiz -

3 Quiz Quiz 3 Individual 10% Surprise quiz -

Home Group -
4 Group 10% After session 19
Assignment Assignment

PART 2: SESSION PLAN

Session Major Topic Pedagogy Reading

Introduction to Lecture & Textbook Chapter 1

1
Management Accounting Discussion LO: 1-7

Textbook Chapter 2
Lecture &
2-3 Cost Terms and Purposes LO: 1-8
Discussion

Overhead Allocation to Lecture and Textbook Chapter 14

4
Departments Discussion LO: 4-5

Allocation of support Lecture and Textbook Chapter 15

5
department costs Problem Solving LO: 3

Textbook Chapter 16
Cost Allocation: Joint Lecture and
6-7 LO: 1-5
Products Problem Solving
Case: Inorganic Chemicals (TB)

Lecture and Textbook Chapter 4

8-9 Job Costing
Problem Solving LO: 1-5,8

QUIZ 1 (WT – 10%)

Textbook Chapter 5
Lecture, Problem LO: 1-8
10-11 Activity Based Costing Solving and Case Case: Classic Pen Company-
discussion Developing an ABC Model: HBS
9-198-117

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 Session Major Topic Pedagogy Reading

Textbook Chapter 9
Inventory Costing Lecture and LO: 1-4
12-14
Techniques Problem Solving Case: Stassen Company (TB)

Textbook Chapter 3
Lecture, Problem
LO: 1-9
15-16 C-V-P Analysis Solving and Case
Case: Hallstead Jewelers- HBS 9-
discussion
107-060

Lecture, Problem Textbook Chapter 11

Decision Making and
17-18 Solving and Case LO: 1-6
Relevant Information
discussion

Environmental Lecture and

19 Handouts and notes
Management Accounting discussion

GROUP ASSIGNMENT (WT-10%)

Textbook Chapter 6, LO: 1-3,5
Lecture and
20-22 Budgeting Chapter 7, LO: 1-3
Problem Solving
Case: Stylistic Furniture (TB)

Textbook Chapter 7, LO: 4-7

Lecture, Problem
23-24 Variance Analysis Chapter 8, LO:1-3
Solving
Case: Somany Pilkington (TB)

* LO: Learning Objectives in textbook

Please refer to ‘Other readings & references’ as per the indicators a, b, c & d listed above the plagiarism
policy note

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 PLG MAPPING FOR THE COURSE

Addressed
CLO
PLG# Programme Level Learning Goal by Course?
No.
(Yes / No)
Application of Fundamentals
PLG1 Traits: Demonstrate application of functional / conceptual YES CLO1
knowledge to business situations
Problem Identification and Solution
PLG2 Traits: Demonstrate ability to identify a problem, critically assess YES CLO 2
various alternatives and suggest appropriate solution

Integrative Thinking
PLG3 Traits: Demonstrate ability to identify inter-linkages among YES CLO 3
functional areas within an enterprise and assess the impact of
external environment on its performance

Effective Communication
PLG4 NO NA
Traits: Demonstrate proficiency in Oral and Written Communication
Ethical Responsibility
PLG5 Traits: Demonstrate awareness and assess impact of ethical behavior NO NA
on business
Leadership
PLG6 Traits: Demonstrate capability to take leadership role in a business NO NA
situation

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