Management Accounting

Management Accounting: Meaning, definition, nature and scope of Management Accounting; Comparison of Management Accounting with Cost Accounting and Financial Accounting. Cost concepts: Meaning, Scope, Objectives, and Importance of Cost Accounting.
Elements of Cost and Cost Statements

Fund flow Statement: Meaning, Scope and Preparation of Fund Flow Statement
Calculation of Financial Ratios: Liquidity, Solvency, Turnover, Profitability

Cost Volume Profit Analysis: Meaning, Significance and Limitations of CVP Analysis, Contribution, Profit Volume Ratio, Breakeven Point, Margin of Safety, Key factor, Decisions based on Marginal Costing like Make or Buy, Own or Lease, Shut down or Continue.

Analyzing Financial Statements: Objectives of Financial Statement Analysis, Standards of Comparison; Techniques of Financial Statement Analysis -Horizontal Analysis, Vertical Analysis.
Budgets and Budgetary Control: Meaning, Types of Budgets, Steps in Budgetary Control, Fixed and Flexible Budgeting, Cash Budget.

Standard Costing: Meaning, Significance and Limitation, Types of Standards and Variances pertaining to Material, Labour.
Activity Based Costing