Management Accounting - I
Paper - 412A and 412B
Authors:
ISBN:
₹380.00
- DESCRIPTION
- INDEX
We have great pleasure in placing this text book on “Management Accounting I’’ before the students of the First Year of M. Com. Programme of the Kavayitri Bahinabai Chaudhari North Maharashtra University, Jalgaon (KBCNMU) under the NEP-2020 structure. The paper of Management Accounting -I has been prescribed as Mandatory Course No DSC 16 of Two-years’ PG Programme ‘Master of Commerce’.
The DSC 16 course covers (1) Paper Code No 412A- Management Accounting-I for the students opting for Advanced Accountancy as the major subject, and (2) Paper Code No 412B- Management Accounting-I for the students opting for Advanced Costing as the major subject. The syllabus of these papers is similar, and it is for 4 credits carrying 100 marks.
This book has been designed and written specifically for the students preparing for the M.Com. Semester-I Examinations of the KBCNMU. It has been written according to the revised syllabus prescribed for the DSC 16 course of First Semester of the First Year of M Com under the NEP 2020 being implemented w.e.f. June, 2023 by the KBCNMU, Jalgaon.
We have tried to make this book useful for the students pursuing the M Com programme of the KBCNMU, the M Com programme of Moolji Jaitha College (Autonomous), Jalgaon, and M.Com programme of Pratap College (Autonomous), Amalner.
It is also useful for the students preparing for the professional examinations of the I.C.A.I., the I.C.W.A.I., the I.C.S.I. and other professional courses like MBA, and such other management courses as well as competitive examinations.
The special features of this book are –
• Full coverage of the revised syllabus of Management Accounting at M Com level;
• Extensive discussion of the topics to cater to the requirements of professional courses;
• Point-wise explanation of every sub-topic covered in the chapter;
• Logically arranged and numbered sub-topics and paragraphs for thorough understanding of the chapter;
• Extensive theoretical base of the related topic;
• Numerous fully solved illustrations with sufficient variety, along-with working notes and explanation;
• Majority of the illustrations based on the P.G. Level examinations, past CA, ICWA, CS examinations and other professional examinations;
• A variety of chapter-end practical exercises for the practice of the readers of the book and theory questions to assess self-progress and to prepare for examinations;
• Simple, lucid and conversational reader-friendly language.
We are extremely grateful to all those learned authors who have written books on this subject, which have become available to us for reference on the related topics. We are also grateful to the members of our family, our college, and our colleagues who have encouraged us to write and publish this book. We express our profound gratitude towards the students and all our well-wishers whose encouragement has inspired us to bring this book.
1. Introduction to Management Accounting
1.1 Meaning and Nature of Management Accounting
1.2 Scope of Management Accounting
1.3 Tools and techniques of Management Accounting
1.4 Importance of Management Accounting
1.5 Limitations of Management Accounting
1.6 Difference between Financial Accounting and Management Accounting
1.7 Difference between Cost Accounting and Management Accounting
1.8 Role / Functions of Management Accountants
2. Analysis and Interpretation of Financial Statements
2.1 Meaning, nature of Financial Statements
2.2 Objectives and Limitations of Financial Statements
2.3 Meaning of Financial Statement Analysis
2.4 Methods of Financial Statements Analysis – Horizontal and Vertical Analysis
2.4.1 Comparative Statements
2.4.2 Common size Statements
2.4.3 Trend Percentage
2.5 Inter-firm comparison – requirements, advantages and limitation
3. Ratio Analysis
3.1 Meaning of Ratio and Ratio Analysis
3.2 Objectives, Advantages and Limitations
3.3 Types of Ratio (Solving practical problems on preparation of Financial Statements of an organization, from the given ratios and available information after finding out the missing figures)
3.3.1 Liquidity Ratios
3.3.2 Profitability Ratios – including concept of DuPont Analysis
3.3.3 Solvency Ratios
3.3.4 Activity/Turnover Ratios
4. Management of Working Capital
4.1 Concept and definition of working capital
4.2 Types of working capital
4.3 Significance of working capital
4.4 Factors determining working capital requirement
4.5 Sources of working capital
4.6 Components of working capital; Assessment of working capital needs – Calculating operating cycle period and estimation of working capital requirements
4.7 Financing of working capital and Maximum permissible bank finance as per the norms of bank finance – Tandon Committee recommendations
5. Fund Flow Analysis
5.1 Concept and Meaning of Fund Flow Statement (FFS) or Statement of Sources and Application of Funds
5.2 Significance, uses and limitations of Fund Flow Statement
5.3 Preparation of Fund Flow Statement – procedure for preparing FFS
5.4 Solving Practical Problems of Fund Flow Analysis
[Advanced practical problems to be set on preparation of Fund Flow statement, Schedule of changes in working capital, Adjusted Profit and Loss Account and related statements, based on the given information]
6. Cash Flow Analysis
6.1 Concept and Meaning of Cash Flow Statement (CFS)
6.2 Significance of Cash Flow Statement and Limitations of Cash Flow Statement
6.3 Difference between Cash Flow Analysis and Funds Flow Analysis
6.4 Preparation of Cash Flow Statement – procedure for preparing CFS as per the requirements of the Accounting Standard “AS-3 (Revised) – Cash Flow Statement” issued by the ICAI
6.5 Solving Practical Problems using Direct method and Indirect Method
[Advanced practical problems to be set on preparation of Cash Flow statement using Direct method and Indirect Method as per the requirements of the Accounting Standard “AS-3 (Revised) – Cash Flow Statement”]
Related products
-
व्यूहरचनात्मक व्यवस्थापन
₹325.00 -
Management Accounting – I
₹395.00 -
Advanced Accountancy – I
₹275.00 -
Advanced Accountancy (Part 1)
₹275.00
