Introduction To Management Control System

1.1 The control function- Elements of Control- Natu

re of Control – Problems in control
1.2 Management Control – Characteristics, Principle
s & Types of Management Control
1.3 Factors Affecting Managerial Philosophy
1.4 Management Control Systems - Elements of MCS –
Designing of MCS – 10 commandments of Effective Con
trol System 10
2
Management Controls In Functional Areas
2.1 Production Control: Need – Procedure – Techniqu
es Of Production Control
2.2 Inventory Control: Classification Of Inventorie
s – Motives For Holding Inventories- Determination Of
Stock Levels
2.3 Marketing Control: Process Of Marketing Control
- Importance Of Marketing Control System- Tools And
Techniques Of Marketing Control
2.4 Control In Personnel Area: Reasons For Workers
Resistance To Controls- Kind Of Control Devices
2.5 IT Measures And Control – Installation Of Manag
ement Information & Control System, Structured &
unstruct
ured Decision
12
3
Computers Systems
3.1 Computer for Management Control Purposes- Are C
omputers
essential for MIS?
3.2 Computers and Information System – Manual Syste
ms –
Mechanical Systems- MIS – Decision Support Systems-
Characteristics of DSS- Where to apply DSS- Expert
Systems.
8
4
Management Control Of Projects
4.1 Meaning of project – Aspects of Project – Facto
rs affecting
Project -
4.2 Project Planning – Time Dimension – Cost Dimens
ion-
Quality Dimension
4.3 Project Control- Reports Costs and Time- Report
s on output-
Revisions.
10
34
5
Implementing MCS for small & medium size companies
5.1 Methodology of implementing Management Controls
- Roles
and responsibilities in implementing Management Con
trol.
5.2 Management Control Structure - Responsibility c
entre, cost
centre, profit centre, investment centre.
5.3 MCS in service & non-profit organizations.
8
Total
48
Reference Books:
1. Anthony R. N. and John Dearden: Management Contr
ol Systems
2. 3. Bhattacharya S. K.: Managerial Planning & Con
trol System
4. Mark G. Simkin : Computer information systems fo
r Business
5. Robert J. Mockler: Readings in Management Contro
l
6. Subhash Das : Management Control Systems.
7. P. Saravanavel : MCS – H.P. House
8. Arora Ashok & Akshay Bhatia, Excel Books, New De
lhi: Information Systems for
Managers

Basics of Cost Accounting

Course Code : 204
Objectives
: 1) To Impart the Knowledge of Basic cost concepts
, element of cost &
Preparation of Cost Sheet.
2)To provide basic knowledge of important Methods &
Techniques of costing.
Level of Knowledge
: Basic understanding of the subject.
Units
Topics
No. of Lectures
Unit 1:
Introduction.
8
1.1 Concept of cost, costing,
cost Accounting & Cost Accountancy
1.2. Limitations of Financial Accounting
1.3. Origin and objectives of cost Accounting
1.4. Advantages and Limitations of Cost Accounting
1.5. Difference between Financial and Cost Account
ing
1.6. Cost Unit & Cost Centre
Unit 2:
Elements of cost 8
2.1. Material, Labour and other Expenses
2.2. Classification of cost & Types of Costs
2.3. Preparation of Cost Sheet
Unit 3:
Methods of Costing (Theory Only) 14
3.1. Job Costing – Meaning, Features, Advantages and
limitation
3.2. Contract Costing – Basic Concepts
3.3. Process Costing - Meaning, Features, Normal and
Abnormal Loss/ Gains
3.4. Operating Costing – Meaning, Features & Objectives
Techniques of Costing
Unit 4.
Budget and Budgetary Control
- Definition, Meaning and 6 objectives of Budgetary control
Advantages and disadvantages of Budgetary Control Types of
Budget
Unit 5.
Marginal Costing– Meaning and Various Concepts - Fixed
Cost 6
Variable Cost, Contribution, P/V Ratio, Break Even t Point,
Margin of Safety
Unit 6.
Standard Costing
- Definition and Meaning of Various Concepts 6
Advantages and Limitations of Standard Costing
Variance Analysis – Material and labour Variances only
Area of Practical Problems:
Simple Problems on 1) Cost Sheet
2) Techniques of Costing
I) Marginal Costing
II) Budget and Budgetary Control – Flexible and Cash Budget
III) Standard Costing – Material and Labour Variances only
Allocation of Marks:
Theory – 50%
Practical Problems – 50%