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MCO-05-Accounting for Managerial Decisions

FREE (Audit)
Indira Gandhi National Open University
Course by
SwayamCourses from Swayam
Certificate awarded
For Rs. 1000
Intermediate

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Checklist

Certification

You will get a certificate on completing this course.

University

The course is not from a very prestigious university.

Price

This course costs very less.

MCO 5 - Accounting ...

Why should you choose this course?

Description

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 - 6

Syllabus

COURSE LAYOUTMCO-05-Accounting for Managerial DecisionsBLOCK 1:FUNDAMENTALS OF ACCOUNTINGWEEK-1:Accounting: An Overview and Basic Cost ConceptsWEEK-2:Financial StatementsWEEK-3:Understanding Financial StatementsBLOCK 2: ANALYSIS OF FINANCIAL STATEMENTSWEEK-4:Techniques of Financial AnalysisWEEK-5:Statement of Change in Financial PositionWEEK-6:Cash Flow AnalysisBLOCK 3: BUDGETING AND BUDGETARY CONTROLWEEK-7:Basic Concepts of BudgetingWEEK-8:Preparation and Review of BudgetsWEEK-9:Approaches to BudgetingBLOCK 4: STANDARD COSTINGWEEK-10:Basic Concepts of Standard CostingWEEK-11:Variance Analysis-IWEEK-12:Variance Analysis-IIWEEK-13:Responsibility AccountingBLOCK 5: COST VOLUME PROFIT ANALYSISWEEK-14:Marginal CostingWEEK-15:Break Even AnalysisWEEK-16:Relevant Costs for Decision makingWEEK-17:Reporting to ManagementWEEK-18:Recent Developments in Accounting

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