COURSE PLAN

Management Accounting and Control Systems

Faculty : Dr N.ARUNSANKAR

Office : MIIM, IInd Floor

E-mail :arunsankar@miim.ac.in

Mobile : +919600901075

COURSE OBJECTIVE

This course provides the students with an in-depth knowledge of management accounting and Control Systems to make them
competent to prepare and analyses accounting data, apply it to a range of planning, control and decision-making situations and adopt it
to accommodate changes.

MANAGEMENT ACCOUNTING AND COTROL SYSTEMS

Module 1

Relationship between Strategy and Management Accounting Role of cost and management accounting in strategy formulation and
performance measurement Management accounting and strategic cost management: Indian perspective Application of new
management accounting techniques in the current business environment Techniques for profit improvement and cost reduction.

Module II

Activity Based Costing Implementing ABC Activity Based Budgeting Customer Profitability Analysis.
Module III

Target Costing JIT Quality Costing - Life Cycle costing -Total Cost Maturity Model of Confederation of Indian Industry for
improving cost competiveness of Indian industry.

Module IV

Pricing Strategies - Product pricing and Transfer Pricing Methods of Transfer pricing -Value Chain Analysis.

Module V

Performance Measurement Systems The Balanced Score Card Key Performance Indices and Critical Success Factors.

References:

1. Robert Anthony and Vijay Govindarajan, Management Control System, Tata McGraw Hill Publishing. India

2. Norman .B Macintosh,Paolo Quattrone, Management Accounting and Control Systems, John Wiley and Sons, New Delhi.

3. John K Shank & Vijay Govidarajan, Strategic Cost Management - The new Tool for Competitive Advantage, Free Press

4. Robert S Kaplan and David P Norton, Balance Score Card Translating Strategy into Action, Harvard Business Press, New
Delhi.

5. The Cost Management Accounting The Institute of Cost Accountants of India.

6. The Management Accountant The Institute of Cost and Works Accountants of India.

7. Colin Drury, Cost and Management Accounting, cengage Learning. India

8. Ravi Kishore, Cost Management Accounting, Taxman Publishers, India.

LEARNING OUTCOMES:

The objective of the course is to introduce students to some of the key concepts, tools and techniques of management
accounting and control Systems. When you successfully complete this course, you should be able to:
1)Know and apply key instruments of management accounting and control, such as job costing, ActivityBased Costing, customer
profitability analysis, budgeting, or the Balanced Scorecard for managerial decisionmaking and decisioninfluencing.
2) Analyze and critically discuss how the performance of a corporation or business unit may be measured and managed
3) Design and evaluate an accounting and control system for a specific corporation or business unit
4) Critically evaluate the implications of environmental and social challenges facing the companies on their management accounting
and control systems.
5) Design an organization capable of bringing out the best in people and winning in any competitive market. Implementing these
concepts will be essential to making an impact on organizations throughout your careers.

S. Topic Instructional Strategy Learning Outcome

No
Module I
1 Relationship between Strategy and Introduction through To Visualize students to outline the overview of the
Management Accounting lecture subject.
2 Role of cost and management Ppt Presentation, Class Stimulate the students to Generalize the basic foundations
accounting in strategy formulation and Discussion of law
performance measurement
3 Management accounting and strategic Ppt Presentation, based To recognize the maximum classifications in Law
cost management: Indian perspective on case study

4 Application of new management case study analysis based Justification based on important principles motivating the
accounting techniques in the current on students group students to learn based on their own decisions.
 business environment division

5 Ppt Presentation, make them to know/describe flow and Direction of Indian

Techniques for profit improvement Students Discussion in Judicial System and its importance towards business and
and class work place

6 Techniques for profit improvement Student Presentation, Considering the frequency with which a contract is entered
and cost reduction Class Discussion into, it is ideal that students should know about the facts,
features, types, specifications and essential elements of a
contract.
Module Test I
Module II

7. Activity Based Costing Student Presentation, Encourage the students to recognize the Offer and
Class Discussion acceptance are elements required for the formation of a
legally binding contract.
8 Implementing ABC Student Presentation Kindle the students to recognize parties who make the
based on case study contract must fulfill their obligations according to the terms
laid down in the contract.
9 Activity Based Budgeting case study Make them to visualize performance of contract is one of
analysis and discussion the methods to discharge a contract.

10 Customer Profitability Analysis Student Presentation, Make them to describe the indemnifier and the indemnity
case study holder and their performance and responsibility in contract.
analysis and discussion Module Test II

Module III
11 Target Costing Student Presentation and Stimulate the students to understand the legal protection to
Class Discussion different mercantile instruments

JIT Case Discussion Regulate the issues in Cheques and bill of exchange as
12 mentioned in this act
13 Quality Costing Student Presentation, Stimulate the students to understand meaning of
Case Discussion and promissory note calculation of due dates and the date of
group presentation maturity.
14 Life Cycle costing Student Presentation, Stimulate the students to understand the law relating to sale
Case Discussion and and purchase of goods.
group presentation
15 Total Cost Maturity Model of Case Discussion and Stimulate the students to understand the act lays down
Confederation of Indian Industry for students presentation. special provisions governing the contract of sale of goods.
improving cost competiveness of
Indian industry
16 Total Cost Maturity Model of Case Discussion and Stimulate the students to understand the contract act was
Confederation of Indian Industry for students presentation repealed and a separate act known as the sale of goods act
improving cost competiveness of Module Test III
Indian industry
Module IV
17 Pricing Strategies Introduction through to apprise how to promote the healthy growth of companies
lecture
18 Product pricing and Student Presentation to visualize the proper performance ,duties and
with live cases responsibilities of different types of company

19 Transfer Pricing Student Presentation and to relate The basic difference between the incorporated and
Class Discussion the un-incorporated form of organization
20 Methods of Transfer pricing. Case analysis and to analyze Companies and organizations how they can use
presentation MOUs to establish official partnerships.
Module Test IV
Module V
21 Value Chain Analysis Case analysis and To interpret and outline purpose of the company as well
presentation as the duties and responsibilities of its members defined
and recorded clearly
22 Performance Measurement Systems Case analysis and To interpret and outline which is issued by the company
 presentation as prospectus and includes any notice, circular,
advertisement
23 The Balanced Score Card Student Presentation and To summarize the process of selling all the assets of a
Class Discussion business, paying off creditors, distributing any remaining
assets to the partners or shareholders and then dissolving
the business.
24 Key Performance Indices Introduction through to determine better protection of the consumers and for
lecture that purpose to make provision for the establishment of
consumer councils
25 Critical Success Factors Case analysis and To assess rights of consumers, as well as fair trade,
presentation competition, and accurate information in the marketplace.
Module Test V

Grading parameters (Internal - 40 marks)

Presentation 8 Marks

Assignment 4 Marks

Internal Examinations 10 Marks

Model Examination 14 Marks

Attendance 4 Marks