Management Accounting

Week 1: Management accounting-relevance and rationale, Major differences between Management Accounting,Financial Accounting & Cost Accounting, Historical development of Management Accounting as  subject of academic interest, Uses & Applications of Management Accounting in managerial decision making,    Cost sheet or statement of cost -  Concept & rationale

Week 2: Preparation of cost sheet, Treatment of stock in cost sheet, Budgeting as tool of Management Accounting -Uses & applications, Different types of Budget - Master budget, Flexible budget & cash budget.

Week 3: Master Budget - Methods of preparing master budget, Case studies

Week 4: Master Budget - Case studies (contd), Flexible Budget - Concept & rationale, uses and          applications of flexible budgets. Major differences between Master & Flexible budgets, methods of preparing flexible budget

Week 5: Methods of preparing flexible budget, Standard costing - Concept & rationale, Major differences between budgets & standard costing, Tool & techniques of standard costing.

Week 7: Variance analysis - a case study, Marginal Costing - Meaning and rationale, Tools & techniques of Marginal Costing

Week 8: Applications of marginal costing in management decision making

Week 9: Marginal costing - a case study, Activity based costing (ABC) -Concept, Methods/Techniques of ABC, ABC in Manufacturing industry.

Week 12:Responsibility accounting. Concept & Rationale, responsibility centres, goal congruence, managerial efforts and motivation; Controllability and measurement of financial performance, responsibility accounting in service, government and non-profit organizations.

Dr. Anil K. Sharma an Associate Professor in the Department of Management Studies, IIT Roorkee is M.Com and M. Phil, First Class First and Gold Medalist and Ph.D. in Financial Management from Panjab University Chandigarh. He is working at IIT Roorkee for more than 16 years, has 22 years teaching experience in total.  His area of interest is finance and accounting he has equally goods interest in research in the same area. He has published more than 100 research papers in International and National refereed journals and refereed conference. He has been awarded best paper award for his paper presented in an international conference in Thailand. He is the chief editor of two International Journals and editorial board member for three International Journals and reviewer to more than twenty International and national Journals.