Management Accounting - SBPD Publications

📖 The Scoop

Unit I  :

Introduction to Accounting : Management Accounting as an Area of Accounting Objectives, Nature and Scope of Management Accounting, Cost Accounting and Management Accounting. Difference between Management Accounting and Financial Accounting and Cost Accounting.

Unit II :

Budgeting : Definition of Budget, Essential of Budgeting, Types of Budget Flexible Budget, Functional Budget, Sales Budget, Production Budget.

Unit III :              

Standard Costing and Variance Analysis : Standard Costing as a Control Technique, Variance Analysis Meaning and Importance, Kinds of Variance and Their Uses, Material and Labour Variance.

Unit IV           :              

Break Even Analysis : Concept of Cost Volume, Profit Analysis, Break Even Point, Margin of Safety and Break Even Chart.

Unit V :              

Management Reporting : Financial Information System— Need and Importance, Essentials of Good Reporting System.

Genre: Business & Economics / Accounting / General (fancy, right?)