Accounting for Management

Name: Accounting for Management
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Fundamentals of Management Accounting and Tools Used in Management Accounting Applications of Management Accounting

Created byDr Geddada Arun Kumar

Last updated 7/2025

English

What you'll learn

To acquaint about Managerial Accounting decision-making techniques and reporting methods.
Relate the relationship between Cost, Financial and Management Accounting
Prepare Marginal Cost Statement and Apply Marginal Costing for Decision making in Business
Prepare different types of budgets and Calculate material, labor and overhead variances

Course content

1 section • 5 lectures • 1h 49m total length

Introduction to Management Accounting and Cost Accounting & Financial Accounting56:53
After Watching the Video the Students can Acquire Knowledge on the Concepts of Management Accounting Cost Accounting and Financial Accounting.
Concept of BE Analysis and Applications of BE Analysis44:58
AFTER WATCHING THE VIDEO THE STUDENTS WILL BE ABLE TO UNDERSTAND THE CONCEPT OF BREAKEVEN POINT AND ITS PRACTICAL APPLICATIONS IN DAY TO DAYB BUSINESS
Practical Applications of Marginal Costing2:25
THE STUDENTS AFTER READING THE STUDY MATERIAL WILL BE ABLE TO UNDERSTAND WHAT IS MARGINAL COSTING AND ITS APPLICATIONS IN BUSINESS
MANAGEMENT ACCOUNTING BASIC CONCEPTS2:25
QUIZ ON MANAGEMENT ACCOUNTING
REVISION OF THE BASIC CONCEPTS IN MANAGEMENT ACCOUNTING2:25

Requirements

The Students should have the basic knowledge of Accounting , Rules of Accounting and Principles of Accounting

Description

To acquaint about Managerial Accounting decision-making techniques and reporting methods.

Course Outcomes:

CO1: Relate the relationship between Cost, Financial and Management Accounting

CO2: Draw conclusion about the liquidity, solvency and profitability of business entities based

on comparative statements, common size statements, trend analysis and ratio analysis

CO3: Prepare Fund flow and Cash flow Statement

CO4: Prepare Marginal Cost Statement and Apply Marginal Costing for Decision making in

Business

CO5: Prepare different types of budgets and Calculate material, labour and overhead variances

Introduction-Meaning and emergence of management accounting- definition of management accounting-Characteristics of management accounting-Scope of Management Accounting- Objectives of management accounting.

Meaning of Marginal cost and Marginal costing – Marginal costing VS absorption costing, Contribution, Margin of Safety ,Breakeven analysis and profit volume graph. (Problems) Applications of marginal costing and Cost volume profit analysis – cost control, profit planning, evaluation of performance, Decision making.

Meaning and Concept of CVP analysis and Calculation of Break even Point.

Marginal Costing and Applications of Mraginal Costing.

Applications of BEP and Methods of Calculating Breakeven Point.

eaning- concept of funds flow- Sources and use of funds – construction of funds flow statement - uses – significance of funds flow statement – limitations of funds flow statement (Theory and Problems) etc

Who this course is for:

For the Beginners of Commerce Background Students who want to Learn the Management Accounting Subject.