Management Accounting Syllabus

MANAGEMENT ACCOUNTING

Full Marks: 100

Module A: Definition and Scope of Management Accounting

· The Place of Management Accounting/Short comings of The Traditional Methods of Credit

Analysis

· Its Definition and Scope, Distinction Between Financial Accounting and Management Accounting – Role of Management Accountant – Analysis and Interpretation of Finance Statements.

· Planning Process

· Setting of Objectives

Module B: Costing and Pricing

· Methods of Costing – Classification of Costs – Implication of Costing for Bankers

· Objectives of Pricing – Common Misconceptions in Pricing – Cost, Volume, Profit Relationship – Break-Even Analysis – Limitations of Break-Even Analysis – Planning for Profit.

Module C: Budgeting and Expenditure

· Importance of Budgeting

· Objectives of Budgeting – Preparation of Budgets – Importance of Budgets to Bankers, Standard Costing Control Through Budgets.

· Method of Appraisal; Shortcomings of Appraisal Methods – Capital Budgeting – Its Importance to Lending Banker.

Module D: Planning for Liquidity

· Cash Flow Forecast – Objectives of Cash Flow – Preparing A Cash Flow Forecast/Using The Cash Flow/Cash Flow Forecast and Lending Banker.

· Statement of Sources and Application of Funds

Module E: Working Capital Management

· Factors Affecting Working Capital Requirements – Short Term Financial Forecasts – Assessment of Working Capital – Production and Operating Cycle – Inventory Management – Cash and Receivables Managements – Methods of Financing Working Capital – Different Forms of Bank Credit – Management Reports – Types of Information and its Relevance to Banks

Module F: Leasing and Hire Purchase

· Financing Against Lease Forms of Lease Financing – Economics of Leasing-Financing against Hire Purchase Agreements – Relative Merits of Leasing Finance and Hire Purchase Finance from Customer’s and Lending Bank’s Point of View

References

1 Bhattacharya, S. K. and John Deanden – Accounting for Management : Texts & Cases Hingorani & Chawla. Management Accounting (Indian Institute of Bankers, Published by Himalaya Publishing House, Mumbai, India).

2 Egginton, D. A. – Accounting for the Banker, (Longman).

3 Fisher, J. – Financial Analysis and Management Accounting for the Banker (The Institute of Bankers in Scotland).

4 Kuchhal, S. C. – Financial Management – An Analytical & Conceptual Approach.

5 Khan, Md. Mainuddin – Advanced Accounting (Ideal Library Dhaka).

6 Pitcher, M. A. – Management Accounting for the Lending Bankers.