B Com Semester VI - Cost Control & Mangament Accounting
Mastering Cost Control and Financial Analysis for Strategic Business Decisions.
Lectures -53
Resources -1
Quizzes -1
Duration -6 hours
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Course Description
UNIT-I: INTRODUCTION TO MANAGEMENT ACCOUNTING &MARGINAL COSTING: Meaning and Importance of Management Accounting – Marginal Cost Equation – Difference between Marginal Costing and Absorption Costing – Application of Marginal Costing – CVP Analysis – Break Even Analysis: Meaning – Assumptions – Importance - Limitations. Marginal Costing for Decision Making-Make or Buy – Add or Drop Products – Sell or Process Further – Operate or Shut-down – Special Order Pricing – Replace or Retain.
UNIT-II: BUDGETARY CONTROL AND STANDARD COSTING: Budget: Meaning – Objectives – Advantages and Limitations – Essentials of Budgets - Budgetary Control - Classification of Budgets - Preparation of Fixed and Flexible Budgets. Standard Costing: Meaning – Importance – Standard Costing and Historical Costing - Steps involved in Standard Costing. Variance Analysis: Material variance - Labour variance - Overhead variance.
UNIT-III: TECHNIQUES OF FINANICAL STATEMENT ANALYSIS: Meaning – Objectives - Techniques: Comparative Statement, Common Size Statement, Trend Analysis. Ratios- Meaning, Objectives and Classification—Computation of Activity, Liquidity, Solvency and Profitability Ratios.
UNIT-IV: FUNDS FLOW ANANLYSIS: Concept of Funds – Meaning and Importance – Limitations – Statement of Changes in Working Capital – Statement of Sources and Application of Funds. UNIT-V: CASH FLOW ANALYSIS (AS-3): Meaning – Importance – Differences between Funds Flow and Cash Flow Statements – Procedure for preparation of Cash Flow Statement.
Goals
- Understand management accounting and marginal costing for better decision-making
- Learn to create budgets, apply standard costing, and track business performance.
- Master funds flow and cash flow analysis for managing financial stability.
- Enhance decision-making with tools for planning and cost control.

Curriculum
Check out the detailed breakdown of what’s inside the course
INTRODUCTION TO MANAGEMENT ACCOUNTING &MARGINAL COSTING
15 Lectures
-
Management Accounting and its Features 03:18 03:18
-
Management Accounting Information and its Use 04:06 04:06
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Role of Management Accountancy 05:28 05:28
-
Impact of Changing Environment on Management Accounting 06:17 06:17
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Total Quality Management Part 1 06:28 06:28
-
Total Quality Management Part 2 04:39 04:39
-
Beliefs of Total Quality Management 02:47 02:47
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Introduction to Marginal Costing 01:16 01:16
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Direct Costing 00:59 00:59
-
Difference between Marginal Costing and Direct Costing 01:58 01:58
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Break Even Analysis 08:07 08:07
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Break Even Case Study 09:45 09:45
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Absorption Costing. 09:43 09:43
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Marginal Costing. 08:33 08:33
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Reconciliation statement. 02:53 02:53
BUDGETARY CONTROL AND STANDARD COSTING
14 Lectures

TECHNIQUES OF FINANICAL STATEMENT ANALYSIS
14 Lectures

FUNDS FLOW ANANLYSIS
5 Lectures

CASH FLOW ANALYSIS
4 Lectures

Skill Test
1 Lectures

Instructor Details

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