Verify Account

Unit-I

Introduction to Management Control

Strategic Management accounting – Meaning – Scope – Strategic importance – Nature and characteristics of Management Control system. Cost behaviour and decision making – Fixed and variable costs – C.V.P analysis –Marginal Costing-Concept of break even analysis – Uses for decision making – Optimization of product mix – Make or buy – Capacity Utilization – Plant shutdown – Key factor analysis.

Unit-II

Strategic Planning and Control & Accounting for Control

Strategic Planning, Management Control and Operational Control – Meaning and Concept and purpose. Standard costing – Concept and purpose of standards – Types of standards – Standard setting – Variance analysis – Interpretation-Budgetary control – Meaning & purpose – Component of effective budgeting program– Performance budgeting – Zero based budgeting – Concept – Importance and relevance.

Unit-III

Responsibility Accounting

Responsibility Centers – Need for divisionalization – Types of responsibility centers – Performance reports –Responsibility accounting – Behavioural aspects – Segmented Performance evaluation – Transfer Pricing.

Unit-IV

Activity based Costing and Customer account profitability analysis

Activity based costing systems – Meaning – Tracing costs from activities to products and services – Activity based Management – Activity Cost drivers – Activity based Costing vs traditional costing. Customer account profitability analysis – Meaning and need for CAP analysis – Managing Customer Profitability Managing Relationships – Customer Costs in Service Companies.

Unit-V

Strategic decisions for Product life cycle, Activity Based Costing and Competitor analysis

Product life cycle costing – PLC assessment – Cost assessment – Pricing and evaluation criteria for products at different stages of PLC. Competitor accounting – Concept and Importance – Sources of Competitor information– Competitive pricing and bidding. Target Costing and Cost analysis for Pricing decisions.