WEEK 2 | ANNOUNCEMENT 1

14th , 15th and 18th November, 2022

MANAGEMENT ACCOUNTING (MA)
TERM 2, PDGM, IMT GHAZIABAD

Dear Students
Hello !
Welcome to Week 2 for your Management Accounting Course !!
It was great to meet you all last week for our first-two sessions and was good to see
your inquisitiveness and enthusiasm towards the course.
In Week 1, we discused on the WHY, HOW and WHAT of Management Accouting
as a profession and discipline. We discussed on the roles and job description of MA
or FP&A and discussed the key decisions a manager needs to take like scorekeeping,
attention directing and problem solving.
Next, we began our big picture understanding of COST fron three annual reports of
three very different firms – Apple, Amazon and Accenture and analysed the which
cost makes up the biggest sources of expense for the firm. And, lastly, discussed on
three kinds of production process governing any form – Job , Batch and Process
Costing by watching three videos on Leather Shoe, Rubber Gloves, and Orange
Juice.
All slides of WEEK 1 are uploaded on Teams Week 1 folder!
So, starting this week , we will integrate our knowledge of above into core
terminology of COSTING.
Your task for Week 2 as dicussed in last class is as follows –

1. Itemise the cost of three products in VIDEO CASES shown – A Leather

Shoe, Rubber Glove and Orange Juice. The video links are in Session 2
presetation slides. Enlist what all items will come in making the cost sheet for
these three products and why ? Secondly, prepare the list of possible COST
DRIVERS of three products.
 2. From your chosen COMPANIES in your Groups, be prepared with the
following information from annual report/website/other reports –

1. What is the BUSINESS of your firm ?

2. What are main COSTS to your firm and has it changed as % of sales over
last 3 years?
3. Which is the biggest cost to your firm and has it changed as % of sales over
last 3 years?
4. Which kind of products that your firm manufactures falls under job, batch
or process costing ?
5. What is VALUE CHAIN of the product/service that you firm produce?
6. What are the possible COST OBJECTS in your firm ?

Kindly read chapter 1 and 2 of your core text Hilton and Platt –
Mangement Accounting.

Looking forward to meeting you next week !

Happy Learning
Dr. Neharika Sobti