Management Accounting A Complete Study

Learn Basic to Advanced Concepts in Management Accounting for CA / CMA / CS / CFA / CIMA / ACCA / CPA Examinations

What you'll learn

Understand Basics of Management Accounting

Understand Budget and Budgetary Control

Understand Critical Path Analysis

Understand Linear Progamming Problem (LPP)

Undserstand Transfer Pricing

Requirements

Basics of Accounting

Basics of Costing

Description

Welcome to this course on Management Accounting A Complete Study
Management Accounting will help the business to conduct its business in a more efficient manner. It utilizes the principles and practices of Financial Accounting and Cost Accounting and the thrust is on determining policy and formulating plans to achieve desired objectives of Management. Management Accounting would make corporate planning and strategies effective and meaningful.
Why you should study Management Accounting?
The top most decisions in the Organisation are taken based on the reports generated by Management Accounting Systems. The very survival to success / failure of organisation depends upon kind of decisions taken based on Management Accounting Reports. Hence, it becomes necessary for Top Executives to understand the Principles and Practices of Management Accounting.
How this course will help you for Professional Examinations?
This course is structured following academic syllabus prescribed for CA Final Examinations and it is very comprehensive in nature. It will explain Theory and Practical Concepts revolving Management Accounting. Apart from CA Final, this course will also meet the requirements of Professional Examinations like CMA / CS / CFA / CPA / ACCA / CIMA / CPA, etc.
What are the topics covered / will be covered in this course?
a) Introduction to Management Accounting
b) Budget and Budgetary Control
c) Standard Costing
d) Transfer Pricing
e) Costing of Service Sector
f) Uniform Costing and Inter-firm Comparison
g) Cost Sheet, Profitability Analysis and Reporting
h) Linear Programming Problem
i) Critical Path Analysis
j) Learning Curve Theory
(and many more chapters will be added in due course)
How this course is structured?
This course is structured in self paced learning style. Screen cast type lectures are used for presenting contents.
What are the Basic knowledge required to take this course?
Basics of Accounting, Costing and Financial Management.
What are the Basic requirements to take this course?
Good Internet Connection, Mobile / Tablet / Laptop / PC

Overview

Section 1: Introduction to Management Accounting

Lecture 1 Management Accounting and its Features

Lecture 2 Management Accounting Information and its Use

Lecture 3 Role of Management Accountancy

Lecture 4 Impact of Changing Environment on Management Accounting

Lecture 5 Total Quality Management Part 1

Lecture 6 Total Quality Management Part 2

Lecture 7 Beliefs of Total Quality Management

Section 2: Decision making using Cost Concepts and CVP Analysis

Lecture 8 Introduction to Decision Making using Cost Concepts and CVP Analysis

Lecture 9 Examples of Irrelevant Cost in Decision Making

Lecture 10 Continuation of Irrelevant Costs in Decision Making

Lecture 11 Opportunity Cost

Lecture 12 Case Study 1 Decision Making With Opportunity Cost

Lecture 13 Case Study 2 Decision Making With Opportunity Cost

Lecture 14 Case Study 3 Decision Making With Opportunity Cost

Lecture 15 Notional Cost, Avoidable cost and Historical cost

Lecture 16 Sunk cost, Out of Pocket cost and Discretionary cost

Lecture 17 Committed cost, Shut down cost, Engineered cost

Lecture 18 Inventoriable cost and Period cost

Lecture 19 Differential Cost, Incremental cost and Incremental Revenue

Lecture 20 Limiting factor

Lecture 21 Case Study on Decision on Acceptance of New Offer

Lecture 22 Case Study on Decision making on Pricing against a Special Order

Lecture 23 Case Study on Decision making on Choosing Profitable Course of action

Lecture 24 Case Study on Decision making on Pricing against a Special Job

Lecture 25 Comprehensive Case Study on Cost Sheet of a product with relevant cost

Lecture 26 Case Study Involving Decision Making on Acceptance of an offer

Lecture 27 Application of Incremental/Differential Cost Techniques in Managerial Decisions

Lecture 28 Decision on Further Processing of a Product

Lecture 29 Case Study 1 Decision on Further Processing of a Product

Lecture 30 Case Study 2 Decision on Further Processing of a Product

Lecture 31 Dropping or adding Product Line

Lecture 32 Case study on Dropping or adding Product Line

Lecture 33 Case Study on Optimizatioin of Profit under a Limiting factor Condition

Lecture 34 Optimising Investment Plan with Case study

Lecture 35 Decision Making Using Cash Flow Technique with case study

Lecture 36 Shut Down Decisions

Lecture 37 Case Study 1 on Shut Down Decisions

Lecture 38 Case Study 2 on Shut Down Decisions

Lecture 39 Case Study 3 on Shut Down Decisions

Lecture 40 Divestment Strategy

Lecture 41 Case Study 1 Other Decision Making

Lecture 42 Case Study 2 Decision Making using total project,incremental & opportunity cost

Lecture 43 Comprehensive Case Study on cash flow,operating income,irrelevant items,Book Val

Lecture 44 Introduction to Marginal Costing

Lecture 45 Introduction to Cost Volume Profit Analysis

Lecture 46 Important Factors in Marginal Costing Decisions

Lecture 47 Pricing Decisions under Special Circumstances

Lecture 48 Pricing in Periods of Recession

Lecture 49 Differential Selling Prices

Lecture 50 Acceptance of an offer and submission of a tender with case study

Lecture 51 Case study on arriving at selling price for Tender

Lecture 52 case study on Quotation for an Export order

Lecture 53 Make or Buy Decision with a Case study

Section 3: Budget and Budgetary Control

Lecture 54 Budget and Budgetary Control

Lecture 55 Characteristics of Budget

Lecture 56 Objectives of Budgeting

Lecture 57 Meaning of Budgetary Control and its Salient Features

Lecture 58 Objectives of Budgetary Control System

Lecture 59 Working of Budgetary Control System and responsibilities of Budget Officer

Lecture 60 Advantages and Limitations of Budgetary Control

Lecture 61 Components of Budgetary Control System

Lecture 62 Preparation of Budgets

Lecture 63 Different Types of Budgets

Lecture 64 Fixed Budgets

Lecture 65 Flexible Budget, features, merits and demerits

Lecture 66 Suitability for Flexible Budget

Lecture 67 Difference bettwen Fixed and Flexible Budget

Lecture 68 Case 1 Flexible Budget Recovery Rate per Hour

Lecture 69 Case 2 Flexible Budget (Total Cost Budget)

Lecture 70 Case 3 Flexible Budget and Deviation from Planned Budget

Lecture 71 Case 4 Flexible Budget under Incremental Price

Section 4: Standard Costing Techniques

Lecture 72 Introduction to Standard Costing Techniques

Lecture 73 Standardd Cost Definition

Lecture 74 Setting up of Standard Cost

Lecture 75 Standard Costing Definition

Lecture 76 Physical Standards

Lecture 77 Material Quantity Standards

Lecture 78 Labour Time Standards

Lecture 79 Overhead Standards

Lecture 80 Problems in setting physical standards

Lecture 81 Types of Standards

Lecture 82 Need for Standard Costing

Lecture 83 Process of Setting Standards

Lecture 84 Types of Variances

Lecture 85 Introduction to Standard Costing Variances

Lecture 86 Material Cost Variance

Lecture 87 Material Price Variance

Lecture 88 Material Usage Variance

Lecture 89 CS Material Cost Variance

Lecture 90 Comprehensive Case Study on Material Cost Variance

Lecture 91 MCV more than one material

Lecture 92 Comprehensive Case Study MCV

Lecture 93 Labour Cost Variance

Lecture 94 Labour Rate Variance

Lecture 95 Labour Efficiency Variance

Lecture 96 Case Study Labour Cost Variance

Lecture 97 Comprehensive Case Study LCV

Lecture 98 Overhead Cost Variance

Lecture 99 Production Volume Variance

Lecture 100 Overhead Expenses Variances

Lecture 101 Variable Overhead Cost Variance

Section 5: Learn Critical Path Analysis

Lecture 102 About PERT and CPM

Lecture 103 What is Project

Lecture 104 PERT CPM Overview

Lecture 105 Methodology of CPA

Lecture 106 Advantages of CPA

Lecture 107 Activity

Lecture 108 Types of Activities

Lecture 109 Events

Lecture 110 Conventions in Drawing Network

Lecture 111 Graphical Representation of Events

Lecture 112 Fundamental Properties

Lecture 113 Logical Sequencing and connection of activities

Lecture 114 Errors in Logical Sequencing

Lecture 115 Dependency Relationship Diagram

Lecture 116 Network Diagram Dependency Relationship Case Study 1

Lecture 117 Network Diagram Dependency Relationship Case Study 2

Lecture 118 Network Diagram Computer Installation Process

Lecture 119 Comprehensive Network Diagram

Lecture 120 Network Diagram Simple Case Study

Lecture 121 Critical Path Analysis

Lecture 122 Scheduling Computatuions

Lecture 123 Forward Pass Computations Case Study

Lecture 124 Backward Pass Computatuion

Lecture 125 Computatuon of EST EFT LST LFT

Lecture 126 Critical Path Determination

Lecture 127 Calculation of Floats

Section 6: Linear Programming Problem

Lecture 128 Introduction to LPP

Lecture 129 Graphic Method

Lecture 130 Maximise Problem 1 - LPP Using Graphical Method

Lecture 131 Maximise Problem 2 - LPP Using Graphical Method

Lecture 132 Maximise Problem 3 - LPP Using Graphical Method

Lecture 133 Maximise Problem 4 - LPP Using Graphical Method

Lecture 134 Simplex Method Introduction

Lecture 135 Simplex Method Problem

Section 7: Profitability Analysis

Lecture 136 Introduction to Profitability Analysis

Lecture 137 Operating Profit Analysis (Growth Component)

Lecture 138 Operating Profit Analysis (Price Recovery Component)

Lecture 139 Operating Profit Analysis (Productivity Component)

Lecture 140 Reconciliation of Operating Profit

Lecture 141 Case 1 Reconciliation of Operating Profit

Lecture 142 Profitability Analysis Product Wise

Lecture 143 Direct Product Profitability

Lecture 144 Direct Product Profitability Statement

Lecture 145 Case 2 Direct Product Profitability Statement

Lecture 146 Profitability Analysis Segment Wise

Lecture 147 Profitability Analysis Customer Wise

Lecture 148 Case 3 Profitability Analysis Customer Wise

Lecture 149 Benefits of Customer Profitability Analysis

Section 8: Transportation Problem

Lecture 150 Introduction to Transporation Problem

Lecture 151 Northwest Corner Rule

Lecture 152 Case 1 North West Corner Rule

Lecture 153 Least Cost Method

Lecture 154 Case 2 Least Cost Method

Section 9: Learning Curve

Lecture 155 Introduction to Learning Curve Theory

Lecture 156 Distinctive features of Learning Curve Theory

Lecture 157 Learning Curve Ratio

Section 10: Life Cycle Costing

Lecture 158 Introduction to Life Cycle Costing

Lecture 159 Phases of Product Life Cycle

Lecture 160 Benefits of Product Life Cycle Costing

Lecture 161 Product Life Cycle Income Statement - Case Study

Lecture 162 Equivalent Annual Cost - Case Study 1

Lecture 163 Equivalent Annual Cost - Case Study 2

Lecture 164 Equivalent Annual Cost - Case Study 3

Lecture 165 Expected Value based Purchase Decision - Case Study

Section 11: Bonus Lecture

Lecture 166 Bonus Lecture

CA,CMA,CS,CFA,ACCA,CIMA,CPA