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Management Accounting

Quick Stats

Find opportunities as Financial Analyst, Cost Accountant, Financial Controller etc.
Salary packages for Management Accountants start at INR 3lpa, and can go upto INR 22.5lpa based on experience
Forecasting and Budgeting help the concern to plan the future and financial activities

Benefits

Immediate access
On signing up for the course you will get immediate access to information and course content.
Concept and demonstration videos
Rich set of examples, industry scenarios explained by the subject matter expert via concept and demonstration videos
Content at your convenience.
Flexibility in learning.Watch the videos and read the content at your convenience, on your own schedule.
Attempting the problem solving questions.
Through our practice quizzes and MCQs you can test yourself on the skills learnt at every level. You can also test yourself by attempting the problem solving questions.
Certificate in Management Accounting
Get an industry-wide recognized certificate in Management Accounting by Manipal ProLearn
Find opportunities as Financial Analyst
Find opportunities as Financial Analyst, Cost Accountant, Financial Controller etc. Entry level package for Management Accountants starts from 3lac INR per annum.

Who Should Attend

  • Students pursuing commerce, accounts, and MBA.
  • Professionals who want to learn about the basics about financial accounting.
  • Professionals who want to make a career in financial accounting.

Course Outcome

Upon completion of this program students will be able to:

  • Define management accounting
  • Differentiate between financial accounting and management accounting
  • Understand the need, importance, relevance of Financial Statement Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-Even Analysis
  • List and describe the techniques of Financial Statement Analysis
  • Explain the Financial Statement Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal cost, and Break-Even Analysis
  • Apply CVP analysis in managerial decision-making
  • Define budgets and budgetary control
  • Explain zero-based budgeting
  • Define standard cost and standard costing
  • Explain the importance of variance analysis
  • Describe material and labor costs

Curriculum

  • Introduction to Management Accounting
    • Define Management Accounting and its functions
    • Differentiate between Financial Accounting and Management Accounting
  • Financial Statement Analysis
    • Define financial statement analysis
    • Explain the need for financial analysis
    • List and describe some techniques of financial statement analysis
  • Funds Flow Analysis
  • Cash Flow Analysis
    • List the important terms that affect funds of a firm
    • Describe the relevance of a funds flow statement
    • Explain the steps involved in analyzing flow of funds
    • Describe the format of a funds flow statement
    • Prepare a funds flow statement
  • Marginal Costing and Break-Even Analysis
    • List the important terms in Costing
    • Define marginal costing
    • Describe the assumptions of marginal costing
    • Explain CVP analysis, break-even analysis and margin of safety
  • Decisions involving alternative choices
    • Explain cost identification for decision-making
    • Apply CVP analysis in managerial decision-making
  • Budgetary Control
    • Define budgets and budgetary control
    • List the objectives of budgetary control
    • Classify budgets
    • Explain zero-based budgeting
  • Standard Costing
    • Define standard cost and standard costing
    • Explain the importance of variance analysis
    • Describe material and labour costs

 

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