Management Accounting Notes Pdf
- Unit 1: Introduction to Accounting Notes There are many definitions of accounting. Some of the most important definitions are given below: 1. As per Robert N. Anthony – “Accounting system is a means of collecting, summarizing, analyzing and reporting, in monetary terms, information about the business”.
- 1.5.1 Financial accounting 1.5.2 Management accounting 1.5.3 Cost accounting 1.5.4 Distinction between financial and management accounting 1.6 Summary 1.7 Keywords 1.8 Self assessment questions 1.9 References/suggested readings 1.0 OBJECTIVES After going through this lesson, you will be able to.
- Management Accounting Notes Pdf
- Managerial Accounting Notes Pdf
- Sybcom Management Accounting Notes Pdf
Table of Contents
- 1 Managerial Accounting
Managerial Accounting
Introduction of Management Accounting 2. Introduction of Management Accounting: Basic Financial Accounting 3. Preparation of Final Accounts 4. Ratio Analysis 5. Cash Flow Analysis 6. Fund Flow Analysis 7. Basic Cost Concepts 8. Marginal Costing, Cost volume & Profit Analysis 9. Corporate Governance 10. Budgetary Control 11. Activity Based Costing.
INTRODUCTION 1.1.3 Differences between financial ac-countancy and management ac-counting Management accounting information differs from. View Notes - introduction-to-management-accounting-notes-lecture-notes-lectures-1-10-part-1-compleet.pdf from MANAGEMENT 1112 at Multimedia University, Cyberjaya. LOMoARcPSD 3600749 Introduction To. Financial accounting reports are general-purpose and intended for external users. Managerial accounting reports are special-purpose and issued as frequently as needed. False True True SO 2 Identify the three broad functions of management. Solution on notes page.
These notes applies to the following Courses as examined by KNEC
Topics covered in this unit/subject are as follows:
Topic 1:Nature and scope of managerial accounting
Topic 2:Decision trees
Topic 3:Cost estimation
Topic 4:Cost volume profit analysis (C-V-P)
Topic 5:Marginal costing
Topic 6: Capital expenditure decisions
Topic 7: Transportation technique
Topic 8:Assignment technique
Topic 9:Queuing theory
Topic 10:Performance evaluation techniques
Topic 11:Budget and Budgetary control
Topic 12:Emerging trends and issues in managerial accounting
Introduction
This module unit is intended to equip the trainee with the necessary knowledge, skills and attitudes that will enable him/her analyze and interpret cost data for the purpose of decision making in an organisation
General Objectives
At the end of this module unit, the trainee should be able to:
- Carry out estimating and forecasting costs using various methods
- Recognize the role of managerial accounting in decision making
- Carry out step-by-step process in solving decision making problems
- Carry out performance evaluation for a business
- Prepare a budget in a business
Topic 1: Nature and Scope of Managerial Accounting
- Definition of managerial accounting
- The role of managerial accounting in production, marketing and finance
- Differences between managerial accounting and financial accounting
Topic 2: Decision Theory
- Definition of decision trees
- The structure of decision trees
- Use of decision trees
Topic 3: Cost Estimation
- Definition of cost estimation
- Cost estimation methods
Topic 4: Cost-Volume-Profit Analysis (C-V-P)
- Definition of cost volume profit analysis
- Terms used in cost volume profit (C-V-P)
- Assumptions of C-V-P
- Limitations of C-V-P analysis
- Break Even Point (B-E-P)
- Calculation of break even point
Management Accounting Notes Pdf
Topic 5: Marginal Costing
- Definition of marginal costing
- Key factor
- Decision-making using marginal costing
Topic 6: Capital Expenditure Decisions
- Nature of capital expenditure decision
- Non-discounting cash flow techniques
- Time value of money concept
- Discounting cash flow methods
- Benefits and limitations of each technique
Topic 7: Transportation Techniques
- Nature of transportation techniques
- Requirements for application of transportation techniques
- Transportation techniques
Topic 8: Assignment Techniques
- Nature of assignment techniques
- Requirements for application of assignment techniques
- Assignment techniques for minimizing and maximizing problems
Topic 9: Queuing
- Definition of a queue
- Elements of a queue
- Terms used in queuing theory
- Application of queuing theory
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Topic 10: Performance Evaluation
Managerial Accounting Notes Pdf
- Definition of performance evaluation
- Need for performance evaluation
- Techniques for performance evaluation
Topic 11: Budgeting and Budgetary Control
- Definition of budgeting and budgetary control
- Preparation of functional budgets
- Preparation of master budget
Topic 12: Emerging Trends and Issues in Managerial Accounting
- Emerging trends and issues in Managerial Accounting
- Challenges posed by the Accounting emerging trends and issues in Managerial Accounting
- Ways of coping with the challenges posed by the emerging trends and issues in Managerial Accounting
Lecture 1: Introduction and Case Discussion (PDF)
Lecture 2: The Nature of Costs (PDF)
Lecture 3: The Economics of Organizations (PDF)
Lecture 4: Performance Measurement (PDF)
Lecture 6: Balanced Scorecard (PDF)
Lecture 7: Budgets and Budgeting (PDF)
Lecture 8: Cost Allocation (PDF)
Lecture 9: Cost Allocation (PDF)
Lecture 10: Absorption Cost Systems (PDF)
Lecture 12: Standard Costs (PDF)
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Sybcom Management Accounting Notes Pdf
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