Unit IV: Managerial Accounting

About Course

Note: This module is currently a Work in Progress.

Topics Covered:

Accounting Principles and Standards, Preparation of Financial Statements
Financial Statement Analysis: Ratio Analysis, Funds Flow and Cash Flow Analysis, DuPont Analysis
Preparation of Cost Sheet, Marginal Costing, Cost-Volume Profit Analysis
Standard Costing & Variance Analysis

Course Content

Accounting Principles and Standards, Preparation of Financial Statements

Accounting Concepts and Principles: Theoretical Framework
Accounting Standards : IFRS, IAS & GAAP
Responsibilities of IASB
Indian Accounting Standards (Ind AS)
Types of Account
Types of Expenditure
Accounting Errors
Financial Statements List
–Balance Sheet Terms

Financial Statement Analysis: Ratio Analysis, Funds Flow and Cash Flow Analysis, DuPont Analysis

Preparation of Cost Sheet, Marginal Costing, Cost-Volume Profit Analysis

Introduction to Costing
Methods of Costing
Techniques of Costing
Important Principles in Cost Accounting
Implicit Cost & Explicit Cost; Accounting Profit & Economic Profit
Law of Diminishing Returns
Production Theory in Micro Economics
Special Types of Costs
Cost Theory in Economics
Short-Run Costs in Perfect Competition
Marginal Revenue & Profit Maximizing Rule
Shutdown Rule in Short Run
Short Run in Monopoly
Preparation of Cost Sheet
Fixed Costs (F.C.) , Variables Costs ( V.C.) and Contribution Margin
P/V ratio ( Profit / Volume ratio)
Break Even Point (B.E.P.) & Margin of Safety (M.O.S.)
Law of Diminishing Return
Cost-Volume Profit Analysis
Absorption (Full) Costing & Variable Costing
Treatment of Idle Cost

Standard Costing & Variance Analysis

Final Evaluation

Student Ratings & Reviews

No Review Yet

About Course

Course Content

Accounting Principles and Standards, Preparation of Financial Statements

Accounting Concepts and Principles: Theoretical Framework

Accounting Standards : IFRS, IAS & GAAP

Responsibilities of IASB

Indian Accounting Standards (Ind AS)

Types of Account

Types of Expenditure

Accounting Errors

Financial Statements List

–Balance Sheet Terms

Financial Statement Analysis: Ratio Analysis, Funds Flow and Cash Flow Analysis, DuPont Analysis

Important Terms

Ratio Analysis

Funds Flow Analysis

Cash Flow Analysis

Ind AS 7: Cash Flow Statement

DuPont Analysis

Financial Ratios

–Ratio Analysis

Preparation of Cost Sheet, Marginal Costing, Cost-Volume Profit Analysis

Introduction to Costing

Methods of Costing

Techniques of Costing

Important Principles in Cost Accounting

Implicit Cost & Explicit Cost; Accounting Profit & Economic Profit

Law of Diminishing Returns

Production Theory in Micro Economics

Special Types of Costs

Cost Theory in Economics

Short-Run Costs in Perfect Competition

Marginal Revenue & Profit Maximizing Rule

Shutdown Rule in Short Run

Short Run in Monopoly

Preparation of Cost Sheet

Fixed Costs (F.C.) , Variables Costs ( V.C.) and Contribution Margin

P/V ratio ( Profit / Volume ratio)

Break Even Point (B.E.P.) & Margin of Safety (M.O.S.)

Law of Diminishing Return

Cost-Volume Profit Analysis

Absorption (Full) Costing & Variable Costing

Treatment of Idle Cost

Standard Costing & Variance Analysis

Inventory Valuation Method

Standard Cost & Variance Analysis

–Standard Costing

Direct Material Variances

Direct Labour Variances

Overhead Cost Variance : Introduction

Variable Overhead Cost Variances

Fixed Overhead Cost Variances

Final Evaluation

Rapid Fire : Managerial Accounting

Student Ratings & Reviews