FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
MANAGEMENT ACCOUNTING Unit-I: IntroductionNature, Scope and Importance of Management Accounting; Difference between Financial Accounting and Management Accounting; Difference between Cost Accounting and Management Accounting; Cost Control, Cost Reduction, and Cost Management. Unit-II: Budgeting and Budgetary ControlConcept of Budget and Budgetary Control; Objectives, Merits and Limitations of Budget Administration; Types of Budget: Fixed and Flexible Budgets, Zero-Base Budget, Programme and Performance Budget. Unit-III: Standard CostingConcept of Standard Coast and Standard Costing; Advantages, Limitations, and Application; Variance Analysis: Calculation of Material Variances, Labour Variances, and overhead Variances, Disposition of Variances. Unit-IV: Marginal Costing and Decision-MakingConcept of Marginal Costing, Differential Costing and Absorption Costing, Break-Even Analysis, Use of above Costs in Decision-Making; Make or Buy, Change of Product-Mix, Pricing and Determination of Shut-Down Point. Unit-V: Responsibility AccountingConcept and Approaches to Responsibility Accounting. Different Responsibility Centres Significance; Divisional Performance Measurement – Financial Measures.
