Introduction to Managerial Accounting
Watch LectureCovers basic concepts of cost accounting, differential analysis, and decision-making processes.
accounting for management
Accounting for Management - B.Com 5th Semester
Recommended Video Lectures
Cost-Volume-Profit Analysis
Full Chapter BreakdownDetailed explanation of break-even analysis, margin of safety, and profit planning techniques.
Budgetary Control Systems
Complete ModuleUniversity-specific patterns of budget preparation and variance analysis.
About Accounting for Management
Accounting for Management is a crucial component in the B.Com curriculum that bridges financial accounting principles with managerial decision-making processes. This course equips students with tools for:
Strategic Planning
Developing long-term financial strategies
Cost Control
Analyzing and managing operational costs
Budget Analysis
Creating and monitoring organizational budgets
Course Objectives
- Understand cost behavior patterns and their impact on business decisions
- Develop skills in preparing and analyzing financial statements
- Master budgeting techniques and variance analysis
- Apply accounting data for performance evaluation
- Understand pricing decisions and product costing methods
Key Concepts Covered
Cost Accounting Fundamentals
- Fixed vs Variable Costs
- Job Order Costing
- Process Costing Systems
Decision-Making Tools
- Break-Even Analysis
- Relevant Cost Analysis
- Capital Budgeting
Detailed Syllabus Breakdown
Module 1: Introduction to Management Accounting
- Nature and Scope of Managerial Accounting
- Comparison with Financial Accounting
- Cost Concepts and Classifications
- Emerging Trends in Cost Management
Module 2: Cost-Volume-Profit Analysis
- Break-Even Point Calculations
- Margin of Safety Concepts
- Multi-product CVP Analysis
- Applications in Decision Making
Practice Problems
Calculate break-even point for a company with:
- Fixed costs: ₹2,50,000
- Selling price per unit: ₹150
- Variable cost per unit: ₹90
Examination Preparation
Question Paper Pattern
| Section | Questions | Marks |
|---|---|---|
| A (Short Answer) | 6 out of 8 | 6×3=18 |
| B (Essay Problems) | 4 out of 6 | 4×6=24 |
| C (Case Studies) | 2 out of 3 | 2×9=18 |
Most Repeated Questions
- Difference between Financial & Management Accounting
- ABC Analysis vs Traditional Costing Methods
- Practical applications of Marginal Costing
- Budgetary Control Process in Organizations