MANAGEMENT ACCOUNTING

Introduction:
• Meaning of Management Accounting,
• Functions of Management Accounting
• Difference between cost accounting and management accounting
Management of Working Capital:
• Concepts and Significance,
• Factors affecting working capital requirements,
• Ascertainment of working capital requirements using Operating Cycle Method,
• Net Current Assets or Forecasting Method,
• Projected Balance Sheet Method,
• Salient features of Tandon Committee and Chore Committee.
• Ratios relating to working capital.
• Case Study of working capital requirement for various industries.

Capital Structure:
• Concept, factors affecting capital structure,
• Theories of Capital Structure: Net Income Theory, Net Operating Income Theory, Traditional Theory, Modigliani Miller Theory,
• Modern theories of capital structure.
• Capitalization: Concept, Theoretical aspect of Over Capitalization and Under Capitalization.

Cash Flow Analysis:
• Introduction, Concept of Cash,
• Use of Cash Flow Analysis, Construction of Cash Flow Statement

Standard Costing and Variance Analysis:
• Meaning of standard cost and standard costing, advantage, limitations and applications,
• Variance Analysis Material, Labour, Overhead and Sales Variance

Activity Based Costing:
• Concept, Nature or Characteristics, Elements, Process or Stages,
• Identification of Cost Drivers, Determination of Cost of each activity,
• Assigning or Tracing Activity Cost to Products,
• Distinction between Activity Based Costing System and Traditional System,
• Advantages and Limitations of Activity Based Costing System