ST. JOSEPH S COLLEGE OF COMMERCE (AUTONOMOUS)

Transcription

1 ST. JOSEPH S COLLEGE OF COMMERCE (AUTONOMOUS) LESSON PLAN ODD SEMESTER BACHELOR OF BUSINESS ADMINISTRATION M 50 ACCOUNTING FOR MANAGEMENT DECISIONS PREPARED BY: MS. PREEMAL MARIA D SOUZA Lesson Plan, Odd Semester, Financial Management P a g e

2 COURSE / SUBJECT OBJECTIVES: To acquire in depth knowledge for effective decision making in firms and their business applications. PREPARATION OF LESSON PLAN FRAMEWORK (Module wise) UNIT/ SESSION/ HOURS (TIME REQUIRED) Module : Budgetary Control / 5 hours Module-: Marginal Costing / 0 Hours Module-: Tactical Decision TOPICS FOR STUDENT PREPARATION (INPUT) Meaning-Budget- Budgetary Control and Budgeting-Need- Objectives and functions-advantages and Limitations- Requirements of a good Budgeting system-process involved in Preliminaries for operation of Budgetary Control-Classification- Preparation of cash and flexible budget only. Meaning of Marginal Cost-Meaning of Marginal Costing- Distinction between Absorption Costing and Marginal Costing-Cost Volume Profit Analysis- Break Even Analysis- Break Even Chart-Profit Volume Chart-Margin of Safety-Limiting Factor. Short term and Long term Decision Making- Parameters in Decision PROCEDURE (PROCESS) Online video with the help of power Point presentation Case Study Problem solving Case Study LEARNING OUTCOME (OUTPUT) importance of: Budgetary Control and its functions. Process of budgetary control. Preparation of cash and flexible budget. significance of Marginal Costing to the firm and to calculate: Cost Volume Profit Analysis Break Even Analysis Profit Volume Analysis Limiting Factor meaning and importance of decision making and ASSESSMENT Activity/ MCQs MCQs and tests. MCQs and Lesson Plan, Odd Semester, Financial Management P a g e

3 Making / 0 Hours Making-Quantitative and Qualitative Factors to be considered- Fixation of selling price-make or Buy decision-utilizing spare capacity-product Mix decisions-adding or Dropping a product line-plant shut down decisions. Problem solving parameters of it. To calculate different types of decision making problems. tests Module-4: Relevant Costing /5 Hours Module-5: Neo Concepts in Decision Making / 5 Hours Analysis of Relevant Costs with other concepts. Activity Based Costing- Cost Object-Cost Driver-Steps in Activity Based Costing-Uses and Criticisms of Activity Based Costing Life Cycle Costing- Product Life Cycle-Life Cycle Costs-Benefits of Life Cycle Costing Target Costing- Meaning-Process involved in Target Costing-Value Engineering Review in Target Costing Kaizen Costing- Meaning-Relevance Balance Score Card- Perspectives involved in Balance Score Card Case study Problem solving UNIT WISE BREAK UP To understandthe significance of relevant costing. To evaluate the relation of relevant costs with other concepts. impact of Activity Based Costing. concept of Life Cycle Costing. To evaluate the significance of Target Costing. concepts of Kaizen Costing and Balance Score Card. MCQs, group activity and tests MCQs and tests Lesson Plan, Odd Semester, Financial Management P a g e

4 LECTURE HOURS: 60 Objective: To give an insight into investment, financing and dividend decision making and composition of different securities in the total capital structure. Sl. No UNIT & OBJECTIVES No. of Hours Methodology/ Instructional techniques / learning confirmatio n BUDGETARY CONTROL: importance of: Budgetary Control and its functions. Process of Budgetary Control. Preparation of Cash and Flexible budget. 5. Budgetary Control Need, Objectives and functions, Advantages and Limitations Video, -. Requirements of a good Budgeting System, Process of Budgetary Control, Classification. Cash Budget-Meaning 4. Cash Budget-Sums 5. Flexible Budget-Meaning 6. Flexible Budget-Sums 7. Presentation/Tests MARGINAL COSTING: significance of Marginal Costing to the firm and to calculate: 0 Cost Volume Profit Analysis Lesson Plan, Odd Semester, Financial Management 4 P a g e

5 Break Even Analysis Profit Volume Analysis Limiting Factor. Meaning of Marginal Cost and Marginal Costing. Distinction between Absorption Costing and Marginal Costing. Cost Volume Profit Analysis 8. Break Evan Analysis, Break Even Chart 5. Profit Volume Ratio 6. Margin of Safety 7. Limiting Factor 8. Presentations/Test Presentations - TACTICAL DECISION MAKING: meaning and importance of decision making and parameters of it. To calculate different types of decision making problems. 0. Short and Long Term Decision Making, Parameters in Decision Making. Quantitative and Qualitative Factors to be considered in Decision Making. Fixation of Selling price Lesson Plan, Odd Semester, Financial Management 5 P a g e

6 4. Make or Buy Decision / CASE 5. Utilizing Spare Capacity 6. Product Mix Decisions 7. Adding or Dropping a Product Line 8. Plant Shut Down Decisions 9. Presentations/Test Presentations - 4 RELEVANT COSTING: significance of relevant costing. To evaluate the relation of relevant costs with other concepts. 5. Meaning and Concept of Relevant Costing. Analysis of Relevant Costs with other Costs. Presentations/Test Presentations/Tes t 5. NEO CONCEPTS IN DECISION MAKING: To understand the impact of Activity Based Costing. concept of Life Cycle Costing. To evaluate the significance of Target Costing. concepts of Kaizen Costing and Balance Score Card. Activity Based Costing, Cost object, Cost driver 5. Steps in Activity Based Costing, uses and criticisms Lesson Plan, Odd Semester, Financial Management 6 P a g e

7 . Life Cycle Costing, Product Life Cycle, Life Cycle Costs, Benefits of Life Cycle Costing /CASE 4. Target Costing, Meaning, Process, Value Engineering Review /CASE 5. Kaizen Costing, Meaning Relevance /CASE 6. Balance Score Card, Perspectives Involved /CASE 7. Presentations/Test Presentations/Tes t BOOKS FOR REFERENCE:. Khan & Jain, Management Accounting, McGraw Hill.. I.M Pandey, Management Accounting, Vikas Publishers.. Homgren, Sundem, Stratton, Introduction to Management Accounting, Pearson Education. 4. S. N. Maheshwari, Management Accounting, Sulthan Chand & Sons. 5. M. N. Arora, Management Accounting, Himalaya Publishers. Lesson Plan, Odd Semester, Financial Management 7 P a g e