Gujarat Technological University

GUJARAT TECHNOLOGICAL UNIVERSITY
With effective
Syllabus for Master of Business Administration, 2nd Semester from academic
Subject Name: Management Accounting and Costing year 2020-21
Subject Code: 1529502
1. Learning Outcomes:
Learning Outcome Component Learning Outcome (Learner will be able to)
Business Environment and Domain  Describe the relationship between cost and
Knowledge (BEDK) management accounting in modern businesses.
 Explain the three primary purposes of
management accounting namely, inventory
valuation, decision support and cost control.
Critical thinking, Business Analysis,  Compare and contrast job costing, process
Problem Solving and Innovative Solutions costing and activity costing for tracking business
(CBPI) costs.
 Determine optimal managerial decisions based on
use of cost-volume-profit analysis.
Global Exposure and Cross-Cultural  Understand and evaluate the costing decisions for
Understanding (GECCU) international operations.
Social Responsiveness and Ethics (SRE) Describe and explain the ethical and social
responsibilities of management and cost
accountants in ensuring the integrity in financial
decision making and disclosure.
Effective Communication (EC)  Propose and justify a variety of managerial
decisions based on analysis of data related to
costing of a product or a service.
Leadership and Teamwork (LT)  Collaborate to identify, evaluate and utilize
relevant management accounting information in
making various operational, investment, and
pricing decisions innovatively.
LO – PO Mapping: Correlation Levels: 1 = Slight (Low); 2 = Moderate (Medium); 3 =

Substantial (High), “- “= no correlation
Sub. Code: PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9
LO1: Describe the relationship
between financial and
3 2 - 2 - 2 - 2 3
management accounting in
modern businesses.
LO2: Explain the three primary
purposes of management
accounting namely, inventory 3 2 - 2 - 2 - 2 3
valuation, decision support and
cost control.
LO3: Compare and contrast job
costing, process costing, and
2 2 3 1 - 2 - 2 2
activity costing for tracking
business costs.
Page no. 1 of 4
With effective
LO4: Determine optimal

managerial decisions based on
3 1 3 - 2 1 1 1 1
use of cost-volume-profit
analysis.
LO5: Understand and evaluate
the costing decisions for 3 1 1 - 3 1 - 1 1
international operations.
LO6: Describe and explain the
ethical and social responsibilities
of management and cost 1 1 - 2 1 2 3 1 1
accountants in ensuring the
integrity of financial information.
LO7: Propose and justify a
variety of managerial decisions
based on analysis of data related 2 3 - 3 - 2 1 1 1
to costing f a product or a
service.
LO8:Collaborate to identify,
evaluate and utilize relevant
management accounting
2 1 1 3 - 3 1 1 1
information in making various
operational, investment, and
pricing decisions
2. Course Duration: The course duration is of 40 sessions of 60 minutes each.
3. Course Contents:
Module Module Content No. of 70 Marks

No: Sessions (External
Evaluation)
Introduction to Management Accounting (Theory)
 Meaning, Objective and Scope of Management
Accounting
 Functions of Management Accounting
 Difference between Cost Accounting and Management
Accounting
I 5 16
 Users of Management Accounting
 Management Accounting in Service and Manufacturing
Organizations
 Role of Cost Account and Management Accountant in
Decision Making
Page no. 2 of 4
With effective
Cost Concepts and Classification (Theory)

 Meaning of Expenses v/s Cost
 Deferred cost, Expired cost, Loss, Cost Incurrence and
Cost Recognition
 Different cost concepts and classification
 Cost flows in Manufacturing, Merchandising & Service
Organizations
Costing Methods (Theory and Numerical)
 Absorption Costing, Unit Costing (including Tender
Costing), Activity Based Costing, Process Costing and
Equivalent Production, Joint and By-product
Inventory Valuation (Theory and Numerical)
II 15 18
 FIFO, Weighted Average Method & LIFO (Preparation
of stock register card only)
Inventory Management (Theory and Numerical)
 Techniques of fixing of minimum, maximum and reorder
levels, Economic Order Quantity (EOQ), ABC Analysis
Management Applications (Theory and Numerical)

 Marginal (variable) Costing and CVP Analysis
III  Relevant Information and Decision Making, Pricing 10 18
Decision, Make or buy decision
Planning, Control and Decision Making: (Theory and

Numerical)
 Budgeting & Budgetary Control Systems
 Standard Costing & Variance Analysis
Contemporary Costing and Management Accounting
Methods: (Theory)
IV 10 18
 Concepts and Techniques of Strategic Management
Accounting
 Target Costing, Kaizen Costing, Life Cycle Costing,
Learning Curve Theory
 Brief Overview of Cost Accounting Standards
Practical
Students should select Small & Medium Enterprise and
Perform cost analysis of any product/Service of that
company. Student has to prepare a report and give the (30 marks
V presentation in the class. ---
CEC)
Understanding Various Product Segments and their Cost
Capturing
Green/Environmental Costing and Carbon Credit
Page no. 3 of 4
With effective
4. Pedagogy:
 ICT enabled Classroom teaching
 Case study
 Practical / live assignment
 Interactive class room discussions
5. Evaluation:
Students shall be evaluated on the following components:
Internal Evaluation (Internal Assessment- 50 Marks)
A  Continuous Evaluation Component 30 marks
 Class Presence & Participation 10 marks
 Quiz 10 marks
B Mid-Semester examination (Internal Assessment-30 Marks)
C End –Semester Examination (External Assessment-70 Marks)
6. Reference Books:
Note: Wherever the standard books are not available for the topic appropriate print and online
resources, journals and books published by different authors may be prescribed.
No. Author Name of the Book Publisher Year of
Publication
/ Edition
M.Y. Khan & Management Accounting McGraw Latest
1
P.K. Jain Hill
Ambrish Gupta Financial Accounting for Pearson Latest
2
Management
M. N. Arora A Textbook of Cost and Vikas Latest
3
Management Accounting
4 P. C. Tulsian Cost Accounting S Chand Latest
S Gupta &Pankaj Accounting for Managers Frank Latest
5 Brothers
Kothari
S. K. Bhattacharya, Accounting for Management: Vikas Latest
6
Dearden and John Text and Cases
7 Paresh Shah Management Accounting Oxford Latest
7. List of Journals / Periodicals / Magazines / Newspapers / Web resources, etc.
1. The Chartered Accountant

2. The Management Accountant
3. The Chartered Secretary
4. Journal of Finance
5. Business India / Business Today / Business World
6. Business Standard/Economic Times/Financial Times/ Financial Express
Page no. 4 of 4

Gujarat Technological University

Uploaded by

Copyright:

Available Formats

Gujarat Technological University

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Gujarat Technological University

Uploaded by

Copyright:

Available Formats

GUJARAT TECHNOLOGICAL UNIVERSITY

LO – PO Mapping: Correlation Levels: 1 = Slight (Low); 2 = Moderate (Medium); 3 =

LO4: Determine optimal

2. Course Duration: The course duration is of 40 sessions of 60 minutes each.

Module Module Content No. of 70 Marks

Cost Concepts and Classification (Theory)

Management Applications (Theory and Numerical)

Planning, Control and Decision Making: (Theory and

7. List of Journals / Periodicals / Magazines / Newspapers / Web resources, etc.

1. The Chartered Accountant

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.