MCO-05-Accounting for Managerial Decisions

By Dr. N.Rajendra Prasad | Indira Gandhi National Open University

Learners enrolled: 881

Finance and accounting have assumed much importance in today’s competitive world of business wherein corporate organisations have to show the true and fair view of their financial position. Thus, the application of accounting in the business sector has become an indispensable factor. Cost and Management Accounting’ is very useful for optimum utilization of existing resources. These are branches of accounting and had been developed due to limitations of financial accounting. The course mainly focuses on Cost Accounting and Management Accounting. Cost Accounting provides the detailed cost information that management needs to control current operations and plan for the future whereas Management Accounting provides key insights that help a company's management team make many of their decisions.

Course Credit

Summary

Course Status :	Completed
Course Type :	Not Applicable
Language for course content :	English
Duration :	16 weeks
Category :	Commerce
Credit Points :	6
Level :	Postgraduate
Start Date :	15 Aug 2022
End Date :
Exam Date :

Page Visits

Course layout

MCO-05 (Accounting for Managerial Decisions)
BLOCK 1: FUNDAMENTALS OF ACCOUNTING
WEEK-1:	Unit-1: Accounting: An Overview Unit-2: Accounting: Basic Cost Concepts
WEEK-2:	Unit-3: Financial Statements
WEEK-3:	Unit-4: Understanding Financial Statements
BLOCK 2: ANALYSIS OF FINANCIAL STATEMENTS
WEEK-4:	Unit-5: Techniques of Financial Analysis
WEEK-5:	Unit-6: Statement of Change in Financial Position
WEEK-6:	Unit-7: Cash Flow Analysis
BLOCK 3: BUDGETING AND BUDGETARY CONTROL
WEEK-7:	Unit-8: Basic Concepts of Budgeting
WEEK-8:	Unit-9: Preparation and Review of Budgets
WEEK-9:	Unit-10: Approaches to Budgeting
BLOCK 4: STANDARD COSTING
WEEK-10:	Unit-11: Basic Concepts of Standard Costing
WEEK-11:	Unit-12: Variance Analysis-I
WEEK-12:	Unit-13: Variance Analysis-II
WEEK-13:	Unit-14: Responsibility Accounting
BLOCK 5: COST VOLUME PROFIT ANALYSIS
WEEK-14:	Unit-15: Marginal Costing
WEEK-15:	Unit-16: Break Even Analysis
WEEK-16:	Unit-17: Relevant Costs for Decision making
WEEK-17:	Unit-18: Reporting to Management
WEEK-18:	Unit-19: Recent Developments in Accounting

Books and references

• Study Material on Accounting for Managerial Decisions (MCO-05) of M.Com programme

• Atrill, P., & McLaney, E. (2019). Management Accounting for Decision Makers (6th ed.). Essex, Pearson Education Ltd.

• Atrill, P. and McLaney, E. (2020), Accounting & Finance for Non-Specialists, Financial Times Prentice Hall, Harlow.

• Bhimani, A., Horngren, C.T., Datar, S.M. (2016), Management and Cost Accounting. Financial Times Prentice Hall, Harlow.

• Drury, C. (2020).Management and Cost Accounting (8th ed.). Andover, Cengage Learning EMEA.

• Hansen, D.R. and Mowen, M.M. (2020), Cost Management: Accounting and Control, Thomson Higher Education, Ohio.

Instructor bio

Dr. N.Rajendra Prasad

Indira Gandhi National Open University

Dr. N.Rajendra Prasad is currently Assistant Professor in the School of Management studies in the discipline of Commerce, Indira Gandhi National Open University New Delhi. He has done B. Com from Osmania University. He is a Post Graduate in Commerce and obtained his Ph.D degree from the Department of Commerce, Osmania University. He was a Project Fellow under UGC Major Research Project titled “Financing Cost and Efficient Analysis of Public Hospitals in Andhra Pradesh”. He was ICSSR Doctoral Research Fellow. He is a Life Member of Indian Commerce Association and Telangana Commerce Association. Dr. Prasad has a brilliant academic record. He has been a Guest Faculty in various Colleges and academic institutions. His academic, organizing abilities are well known to the students of Osmania University. He has a number of publications in National and International journals of repute. He is deeply committed personality to the academics. During his PhD tenure he is considered as one of the committed and passionate research scholars of the Department of Commerce, Osmania University. He has also received many best research paper awards at various conferences. He has published many articles in prominent dailies of the Telangana State on different issues such as educational and social issues.

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