Management Accounting A Complete Study
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Management Accounting A Complete Study

Learn Basic to Advanced Concepts in Management Accounting for CA / CMA / CS / CFA / CIMA / ACCA / CPA Examinations
4.5 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
156 students enrolled
Last updated 6/2017
English
Current price: $10 Original price: $150 Discount: 93% off
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Includes:
  • 17.5 hours on-demand video
  • 1 Article
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand Basics of Management Accounting
  • Understand Budget and Budgetary Control
  • Understand Critical Path Analysis
  • Understand Linear Progamming Problem (LPP)
  • Undserstand Transfer Pricing
View Curriculum
Requirements
  • Basics of Accounting
  • Basics of Costing
Description

Welcome to this course on Management Accounting A Complete Study

Management Accounting will help the business to conduct its business in a more efficient manner. It utilizes the principles and practices of Financial Accounting and Cost Accounting and the thrust is on determining policy and formulating plans to achieve desired objectives of Management. Management Accounting would make corporate planning and strategies effective and meaningful.

Why you should study Management Accounting?

The top most decisions in the Organisation are taken based on the reports generated by Management Accounting Systems. The very survival to success / failure of organisation depends upon kind of decisions taken based on Management Accounting Reports. Hence, it becomes necessary for Top Executives to understand the Principles and Practices of Management Accounting.

How this course will help you for Professional Examinations?

This course is structured following academic syllabus prescribed for CA Final Examinations and it is very comprehensive in nature. It will explain Theory and Practical Concepts revolving Management Accounting. Apart from CA Final, this course will also meet the requirements of Professional Examinations like CMA / CS / CFA / CPA / ACCA / CIMA / CPA, etc.

What are the topics covered / will be covered in this course?

a) Introduction to Management Accounting

b) Budget and Budgetary Control

c) Standard Costing

d) Transfer Pricing

e) Costing of Service Sector

f) Uniform Costing and Inter-firm Comparison

g) Cost Sheet, Profitability Analysis and Reporting

h) Linear Programming Problem

i) Critical Path Analysis

j) Learning Curve Theory

(and many more chapters will be added in due course)

How this course is structured?

This course is structured in self paced learning style. Screen cast type lectures are used for presenting contents.

What are the Basic knowledge required to take this course?

Basics of Accounting, Costing and Financial Management.

What are the Basic requirements to take this course?

Good Internet Connection, Mobile / Tablet / Laptop / PC

Who is the target audience?
  • CA
  • CMA
  • CS
  • CFA
  • ACCA
  • CIMA
  • CPA
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Curriculum For This Course
158 Lectures
17:41:22
+
Introduction to Management Accounting
7 Lectures 33:03

Management Accounting Information and its Use
04:06

Role of Management Accountancy
05:28

Impact of Changing Environment on Management Accounting
06:17

Total Quality Management Part 1
06:28

Total Quality Management Part 2
04:39

Beliefs of Total Quality Management
02:47
+
Decision making using Cost Concepts and CVP Analysis
46 Lectures 05:52:11
Introduction to Decision Making using Cost Concepts and CVP Analysis
05:58

Examples of Irrelevant Cost in Decision Making
08:04

Continuation of Irrelevant Costs in Decision Making
06:42

Opportunity Cost
02:39

Case Study 1 Decision Making With Opportunity Cost
05:11

Case Study 2 Decision Making With Opportunity Cost
04:32

Case Study 3 Decision Making With Opportunity Cost
06:59

Notional Cost, Avoidable cost and Historical cost
03:08

Sunk cost, Out of Pocket cost and Discretionary cost
02:25

Committed cost, Shut down cost, Engineered cost
01:52

Inventoriable cost and Period cost
01:26

Differential Cost, Incremental cost and Incremental Revenue
00:54

Limiting factor
01:00

Case Study on Decision on Acceptance of New Offer
19:15

Case Study on Decision making on Pricing against a Special Order
04:41

Case Study on Decision making on Choosing Profitable Course of action
14:18

Case Study on Decision making on Pricing against a Special Job
11:15

Comprehensive Case Study on Cost Sheet of a product with relevant cost
28:46

Case Study Involving Decision Making on Acceptance of an offer
18:03

Application of Incremental/Differential Cost Techniques in Managerial Decisions
01:42

Decision on Further Processing of a Product
01:04

Case Study 1 Decision on Further Processing of a Product
07:24

Case Study 2 Decision on Further Processing of a Product
12:21

Dropping or adding Product Line
02:56

Case study on Dropping or adding Product Line
12:43

Case Study on Optimizatioin of Profit under a Limiting factor Condition
19:56

Optimising Investment Plan with Case study
09:41

Decision Making Using Cash Flow Technique with case study
09:14

Shut Down Decisions
04:18

Case Study 1 on Shut Down Decisions
05:03

Case Study 2 on Shut Down Decisions
13:43

Case Study 3 on Shut Down Decisions
12:55

Divestment Strategy
02:47

Case Study 1 Other Decision Making
03:13

Case Study 2 Decision Making using total project,incremental & opportunity cost
08:13

Comprehensive Case Study on cash flow,operating income,irrelevant items,Book Val
20:15

Introduction to Marginal Costing
01:55

Introduction to Cost Volume Profit Analysis
01:29

Important Factors in Marginal Costing Decisions
01:04

Pricing Decisions under Special Circumstances
01:12

Pricing in Periods of Recession
02:12

Differential Selling Prices
01:58

Acceptance of an offer and submission of a tender with case study
08:38

Case study on arriving at selling price for Tender
20:09

case study on Quotation for an Export order
14:28

Make or Buy Decision with a Case study
04:30
+
Budget and Budgetary Control
18 Lectures 01:46:11
Budget and Budgetary Control
05:57

Characteristics of Budget
02:59

Objectives of Budgeting
05:30

Meaning of Budgetary Control and its Salient Features
07:02

Objectives of Budgetary Control System
04:33

Working of Budgetary Control System and responsibilities of Budget Officer
02:40

Advantages and Limitations of Budgetary Control
03:30

Components of Budgetary Control System
01:46

Preparation of Budgets
05:23

Different Types of Budgets
01:04

Fixed Budgets
02:49

Flexible Budget, features, merits and demerits
02:59

Suitability for Flexible Budget
00:52

Difference bettwen Fixed and Flexible Budget
01:53


Case 2 Flexible Budget (Total Cost Budget)
07:38

Case 3 Flexible Budget and Deviation from Planned Budget
15:23

Case 4 Flexible Budget under Incremental Price
26:45
+
Standard Costing Techniques
30 Lectures 03:16:27
Introduction to Standard Costing Techniques
02:55

Standardd Cost Definition
02:55

Setting up of Standard Cost
04:12

Standard Costing Definition
02:23

Physical Standards
03:23

Material Quantity Standards
03:55

Labour Time Standards
04:05

Overhead Standards
01:21

Problems in setting physical standards
06:15

Types of Standards
06:00

Need for Standard Costing
03:25

Process of Setting Standards
01:57

Types of Variances
04:41

Introduction to Standard Costing Variances
02:06

Material Cost Variance
04:19

Material Price Variance
03:41

Material Usage Variance
09:16

CS Material Cost Variance
05:57

Comprehensive Case Study on Material Cost Variance
11:04

MCV more than one material
15:20

Comprehensive Case Study MCV
28:58

Labour Cost Variance
05:33

Labour Rate Variance
01:40

Labour Efficiency Variance
09:12

Case Study Labour Cost Variance
06:20

Comprehensive Case Study LCV
28:23

Overhead Cost Variance
03:22

Production Volume Variance
08:16

Overhead Expenses Variances
01:32

Variable Overhead Cost Variance
04:01
+
Learn Critical Path Analysis
26 Lectures 02:18:39
About PERT and CPM
03:45

What is Project
03:08

PERT CPM Overview
03:26

Methodology of CPA
04:38

Advantages of CPA
03:06

Activity
04:49

Types of Activities
03:42

Events
05:34

Conventions in Drawing Network
01:15

Graphical Representation of Events
01:56

Fundamental Properties
03:51

Logical Sequencing and connection of activities
03:46

Errors in Logical Sequencing
05:24

Dependency Relationship Diagram
04:49

Network Diagram Dependency Relationship Case Study 1
02:14

Network Diagram Dependency Relationship Case Study 2
05:57

Network Diagram Computer Installation Process
09:36

Comprehensive Network Diagram
07:26

Network Diagram Simple Case Study
03:59

Critical Path Analysis
06:20

Scheduling Computatuions
02:19

Forward Pass Computations Case Study
12:28

Backward Pass Computatuion
09:01

Computatuon of EST EFT LST LFT
10:04

Critical Path Determination
04:20

Calculation of Floats
11:46
+
Linear Programming Problem
8 Lectures 02:06:20
Introduction to LPP
09:16

Graphic Method
08:24

Maximise Problem 1 - LPP Using Graphical Method
23:44

Maximise Problem 2 - LPP Using Graphical Method
13:23

Maximise Problem 3 - LPP Using Graphical Method
16:41

Maximise Problem 4 - LPP Using Graphical Method
10:14

Simplex Method Introduction
08:35

Simplex Method Problem
36:03
+
Profitability Analysis
14 Lectures 01:13:00
Introduction to Profitability Analysis
03:01

Operating Profit Analysis (Growth Component)
05:02

Operating Profit Analysis (Price Recovery Component)
01:45

Operating Profit Analysis (Productivity Component)
01:16

Reconciliation of Operating Profit
01:17

Case 1 Reconciliation of Operating Profit
12:34

Profitability Analysis Product Wise
01:43

Direct Product Profitability
02:29

Direct Product Profitability Statement
07:25

Case 2 Direct Product Profitability Statement
19:58

Profitability Analysis Segment Wise
03:23

Profitability Analysis Customer Wise
03:13

Case 3 Profitability Analysis Customer Wise
09:06

Benefits of Customer Profitability Analysis
00:48
+
Transportation Problem
5 Lectures 21:38
Introduction to Transporation Problem
05:46

Northwest Corner Rule
03:19

Case 1 North West Corner Rule
06:24

Least Cost Method
00:53

Case 2 Least Cost Method
05:16
+
Learning Curve
3 Lectures 12:13
Introduction to Learning Curve Theory
03:34

Distinctive features of Learning Curve Theory
01:37

Learning Curve Ratio
07:02
+
FINAL SECTION - BONUS LECTURE
1 Lecture 02:14
Bonus Lecture - Discount Coupon Links for other Courses
02:14
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.1 Average rating
1,030 Reviews
37,220 Students
80 Courses
Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.