Management Accounting

Transcription

1 ST. JOSEPH S COLLEGE OF COMMERCE (AUTONOMOUS) LESSON PLAN ODD SEMESTER B.com (Travel and tourism) Management Accounting PREPARED BY: Ms. SuganthiPais COURSE / SUBJECT OBJECTIVES: Lesson Plan, Odd Semester, Management Accounting 1 P a g e

2 Toenablethestudentstounderstandtheimportanceofanalysis and interpretation of FinancialStatements, Toequipthestudentswiththeskillstopreparevarioustypesofanalyticalstatementsan dtohelpstudentstopreparemanagement reports for decisionmaking. PREPARATION OF LESSON PLAN FRAMEWORK (Module wise) UNIT/ SESSION/ HOURS (TIME REQUIRED) Module 1 : Introduction 5 hours TOPICS FOR STUDENT PREPARATION (INPUT) Meaning Nature and Scope of Management Accounting Relationship between Financial Accounting Cost AccountingandMa nagement Accounting Role of Management Accountant inthepresentscenari o. PROCEDURE (PROCESS) with the help of power Point presentation LEARNING OUTCOME (OUTPUT) To understand the importance of: Management Accounting and its functions. Need for management accounting in the present scenario The difference between financial accounting cost accounting and management accounting ASSESSMENT MCQs Module-: Financial StatementAn alysis 8 Hours Meaning and concept of Financial Analysis Types offinancialanalysis Methods of Financial Analysis oncomparativestate ments CommonSizestateme nts TrendAnalysis. Case Study To understand the significance offinancial statement and methods of analysis and interpretation of such statements comparative common size and trend analysis assignments. Lesson Plan, Odd Semester, Management Accounting P a g e

3 Module-3: RatioAnalysi s 1 Hours Meaning Utility and limitations Classification of Ratios Calculation and interpretation of Solvency Turnover Profitability & Liquidity. Case Study The student should be able to understand and be able to calculate the various financial statements. They should also be able to interpret the ratio and its impact on the short and long term position of the firm. assignments and tests Module-4: Funds FlowAnalysis 1 Hours Module-5: Cash FlowAnalysis 1 Hours Meaning Concept of Fund and Funds Flow Statement Usesandsignificanceo ffundflowstatement Procedureforprepari ngffs Schedule of changes in working capital Statement of sourcesandapplicatio n offunds. Meaning And Concept Comparison Between Fund Flow andcash FlowStatements Usesandsignificanc eofcfs PreparationofCash Flow Statement as per AccountingStandar ds. Case Study Case study To understand the concept of fund flow statement and to be able to identify the sources and application of funds. To be able to prepare a fund flow statement and interpret the same. To understand the major reasons for the change in a company's cash and cash equivalents reported on the balance sheets at the beginning and the end of the accounting period. To be able to identify the operating,investing and financing activities of the firm MCQs, and tests assignments and tests Module-6: BudgetaryCo ntrol Meaning Need Objectives and Functions The importance and need for budgets in today s scenario and preparation group Lesson Plan, Odd Semester, Management Accounting 3 P a g e

4 11 Hours AdvantagesandLimita tions Classification Preparation of Cash, SalesandFlexible Budgetonly of Cash, SalesandFlexible Budget. activity and tests UNIT WISE BREAK UP Lesson Plan, Odd Semester, Management Accounting 4 P a g e

5 LECTURE HOURS: 60 Objective Toenablethestudentstounderstandtheimportanceofanalysis and interpretation of FinancialStatements, Toequipthestudentswiththeskillstopreparevarioustypesofanalyticalstatementsan dtohelpstudentstopreparemanagement reports for decisionmaking. Sl. No UNIT & OBJECTIVES No. of Hours Methodology/ Instructional techniques / learning confirmatio n MODULE 1 INTRODUCTION Meaning Nature and Scope of Management Accounting Relationship between Financial Accounting Cost AccountingandManagement Accounting 3. Role of Management Accountant inthepresentscenario. 1 MODULE FINANCIAL STATEMENTANALYSIS 8 1. Meaning and concept of Financial Analysis Types offinancialanalysis 1. Comparative statements Income statement and Balance sheet 3 and Work sheet 3. Common size statements Income statement and Balance sheet 3 and Work sheet 4. Trend analysis Income statement and Balance sheet 1 and Work sheet MODULE 3 RATIOANALYSIS 1 Lesson Plan, Odd Semester, Management Accounting 5 P a g e

6 1. Meaning Utility and limitations Calculation and interpretation of Solvency Turnover Profitability & Liquidity.. Classification of Ratios 3. Calculation and interpretation of solvency 4. Calculation and interpretation of turnover 5. Calculation and interpretation of profitability 6. Calculation and interpretation of liquidity MODULE 4 FUNDS FLOWANALYSIS 1 1. Meaning Concept of Fund and Funds Flow Statement UsesandsignificanceoffundflowStatement ProcedureforpreparingFFS. Schedule of changes in working capital 3. Calculation of funds from operation and funds lost in operation 4. Statement of sourcesandapplication offunds. 6 /case study MODULE 5 CASH FLOWANALYSIS 1 1. Meaning And Concept Comparison Between Fund Flow andcash FlowStatements UsesandsignificanceofCFS Lesson Plan, Odd Semester, Management Accounting 6 P a g e

7 . Calculation of cash from operating investing and financing activities problems 3. PreparationofCash Flow Statement as per AccountingStandards. 8 /case study MODULE 6 BUDGETARYCONTROL Meaning Need Objectives and Functions AdvantagesandLimitations Classification Preparation of Cash, SalesandFlexible Budgetonly. Preparation of Cash Budget 3 case study problems 3. Preparation of Sales Budget 3 case study 4.. Preparation of Flexible Budget 3 case study BOOKS FOR REFERENCE: Books forreference: Dr. S. N. Maheswari: ManagementAccounting. I. M. Pandey: ManagementAccounting. J. Made Gowda: ManagementAccounting. Jain &Narang: Cost and ManagementAccounting. M. A. Sahab: ManagementAccounting. PrabhakaraRao: ManagementAccounting. R. S. N. Pillai&Bagavathi: ManagementAccounting. Sharma &Shashi Gupta: ManagementAccounting. Vinayakam: Management Accounting Tools andtechniques Lesson Plan, Odd Semester, Management Accounting 7 P a g e