A Subject of DU - B.Com, BBA & MBA in various universities

Unit I:
Introduction Meaning, objectives, nature and scope of management accounting, difference between different forms of accounting– Cost, Financial and Management accounting, Cost control and Cost reduction.
Unit II:
Marginal Costing Concept of marginal cost and marginal costing; Absorption versus Variable Costing: Distinctive features and income determination; Cost-volume-profit analysis; Break-even analysis - mathematical and graphical approaches; Profit-volume ratio, angle of incidence, margin of safety, Cash break-even point and Composite break-even point, determination of cost indifference point.
Unit III:
Decision Making Steps in Decision Making Process, Concept of Relevant Costs and Benefits, Various short -term decision making situations –Profitable product mix, Acceptance or Rejection of special/ export offers, Make or buy, Addition or Elimination of a product line, Sell or process further, Operate or shut down, Fixation of selling price.
Unit IV:
Budgetary Control and Standard Costing System (a) Budgeting and Budgetary Control: Concept of budget, budgeting and budgetary control; Objectives, merits and limitations; Budget Administration; Functional Budgets; Fixed and Flexible budgeting; Zero base budgeting; Programme and Performance budgeting.(b) Standard Costing and Variance Analysis: Meaning of standard cost and standard costing; advantages, limitations and applications; Variance Analysis – material and labour variances only; Control ratios.
Unit V:
Performance Measurement Responsibility Accounting: Concept, Significance, Different Responsibility Centers; Divisional Performance Measurement: Financial and Non-Financial measures; Transfer pricing.

References :
1. Goel, Rajiv Kumar & Ishaan Goel. Concept Building Approach to Management Accounting. Cengage
2. Maheshwari, S. N., & S. N. Mittal, Management Accounting. Shri Mahabir BookDepot, New Delhi.