SVKM’s NMIMS ASMSOC – Course Outline

Course
Code
Course Management Accounting
Title
Course Dr. Prakash Bhatia, Prof. Hardik Pathak, Dr. Kushagra Goel,
Instructor/s
Course 4
Credit
Program SYBBA, Semester 4
and
Semester
Pre- Basics of Cost Accounting
Requisite
Learning CLO 1: Students will acquire and develop understanding and
Objectives knowledge of various business functions that are required for
managerial decision-making (PLO 1b)

CLO 2: Students will be able to analyse and make budgets, calculate

variances, do cost allocation, find transfer price and develop critical
thinking and decision-making ability (PLO 2b)
Learning Students should be able to analyse & comprehend the dimensions
Outcomes of decision making to make suggestions thereon
Course Course will contain detailed knowledge of Budgeting in
Description organisation, Variance analysis, Cost Volume Profit analysis and
decision making, Activity based costing system for allocation of
Overheads, Absorption Vs Marginal Costing, Basics of Transfer
pricing
Evaluation Specific % AOL Intended CLOs to be
Pattern Assessment Weighta Instruments Assessed
Methods / ge
Task
CL CL CL CL CL
O1 O2 O3 O4 O5
Presentation 10% √ √
Project 10% √ √
Test 30% √ √
End term 50% √ √
Test
 Course Session Plan

Session Topics / Module Chapters (Mention Page

Numbers) / Articles /
Cases / Material and
Activities
Nature and Scope, Difference between cost Lecture Notes,
1-2 accounting and management accounting, cost M. N. Arora, A text book
control, cost reduction, cost management, of Cost and Management
revision of basic concepts of cost accounting. Accounting, 11th Edition
(2021), Vikas Publishing,
Learning outcome: Chapter 1 & 14
Students will be able to understand basics of
management accounting and how it differs
with cost accounting
3-16 Budgeting: Concept of budget, merits, and Lecture Notes,
limitations, Sales Budget, Production Budget, M. N. Arora, A text book
Consumption Budget, Purchase budget, of Cost and Management
labour budget, etc., Fixed and flexible Accounting, 11th Edition
budgets, Cash Budget, Basic concept of master (2021), Vikas Publishing,
budget Chapter 19

Learning outcome:
Students will be able to prepare various
budgets
17-32 Standard costing and variance analysis: Lecture Notes,
Meaning of standard cost and standard M. N. Arora, A text book
costing: advantages, limitations and of Cost and Management
applications, Variance analysis – material, Accounting, 11th Edition
labour, overhead – fixed, variable, sales (2021), Vikas Publishing,
variance, sales margin variance Chapter 20

Learning outcome:
Students will be able to understand concept of
standard costing and how to calculate and
analyse variances
33-38 Introduction to Activity based costing, cost Lecture Notes,
driver and cost object M. N. Arora, A text book
of Cost and Management
Learning outcome: Accounting, 11th Edition
Students will be able to understand concept of (2021), Vikas Publishing,
Activity based costing and its calculations. Chapter 5
39-46 a) Absorption versus Marginal costing Lecture Notes,
b) CVP Analysis: Break-even analysis, M. N. Arora, A text book
of Cost and Management
contribution / sales ratio, margin of safety,
Accounting, 11th Edition
shut down point, indifference point (2021), Vikas Publishing,
Chapter 6 & 18
Learning outcome:
Students will learn uses of absorption costing
and marginal costing under various situations
and Cost volume profit analysis.
47-57 Basics of Decision making with specific Lecture Notes,
 reference to one limiting factor , basic M. N. Arora, A text book
concepts of relevant costing and multiple of Cost and Management
break-even point Accounting, 11th Edition
(2021), Vikas Publishing,
Learning outcome: Chapter 18 and 21
Students will learn uses marginal costing
under various situations for decision-making
process.
58-60 Basics of Inter Divisional Transfer Pricing and Lecture Notes,
pricing decisions with specific reference to M. N. Arora, A text book
opportunity cost method and relevant cost of Cost and Management
method Accounting, 11th Edition
(2021), Vikas Publishing,
Learning outcome: Chapter 22
Students will understand basics of transfer
pricing concepts for intra company transfers
under various methods.
Reading Prescribed Text Books:
List and  M. N. Arora, A text book of Cost and Management Accounting, 11th
References Edition (2021), Vikas Publishing
• ICAI Module (https://boslive.icai.org/education_content.php?p=Study
%20Material)

Prepared by Faculty Approved by Program Approved by Associate

Members Chairperson Deans
Dr. Prakash Bhatia
Prof. Hardik Pathak
Dr. Kushagra Goel
Approved by I/C Dean –
ASM SOC

ICA:
Mid Term Exam: 20 Marks
Presentation and Viva: 10 Marks (Admin Group wise)
Project: 10 Marks
Class Test: 10 Marks