Calicut University • B.Com • Semester 5
Management Accounting (COM5CJ302) — Official Syllabus
Four-Year Undergraduate Programme (FYUGP) • Curriculum & Evaluation Structure
Course CodeCOM5CJ302
Course TypeMajor Core
Semester & LevelSemester V • 300–399
Total Credits / Hours4 Credits • 75 Hours
Credit Distribution: Lecture: 3 hrs/week • Practical / Tutorial: 2 hrs/week • Total: 5 hrs/week.
Course Overview & Prerequisites
Pre-requisites: A solid foundation in financial statement preparation (Income Statement and Balance Sheet) and basic familiarity with accounting concepts, ledger closing entries, and financial analysis tools.
Course Summary: This course aims to equip students with the practical skills and conceptual knowledge necessary to apply management accounting principles in various organizational contexts. It explores four core analytical dimensions: Financial Statement Analysis (Comparative, Common Size, Trend), Ratio Analysis, Fund Flow & Cash Flow Analysis, and Cost-Volume-Profit (CVP) / Marginal Costing analysis for managerial decision engineering.
Course Outcomes (CO)
| CO | Course Outcome Statement | Level* | Category# | Evaluation Tools |
|---|---|---|---|---|
| CO1 | Develop a comprehensive understanding of the principles, concepts, and techniques of management accounting. | U | C | Examinations / Quiz / Assignment |
| CO2 | Evaluate business alternatives and make strategic recommendations based on relevant financial information. | E | P | Examinations / Presentation / Project |
| CO3 | Use management accounting information to monitor and control strategic initiatives across responsibility centers. | Ap | P | Project / Case Study |
| CO4 | Explore the role of management accountants in maintaining corporate governance, integrity, and transparency. | An | P | Debate / Assignment / Case Study |
* Cognitive Level: Understand (U), Apply (Ap), Analyse (An), Evaluate (E) | # Knowledge Category: Conceptual (C), Procedural (P).
Detailed Modular Syllabus
| Module | Unit | Syllabus Content | Hours |
|---|---|---|---|
| Module I | — | Introduction to Management Accounting & Financial Analysis | 8 Hrs |
| I | Unit 1 | Concept of Management Accounting: Nature, Scope, Functions, and Relationship with Financial and Cost Accounting. | 2 |
| I | Unit 2 | Financial Statement Analysis: Horizontal analysis, Comparative Statements (Income Statement & Balance Sheet). | 2 |
| I | Unit 3 | Common Size Statements: Vertical analysis, Percentage of Net Sales / Total Assets. | 2 |
| I | Unit 4 | Trend Analysis and its managerial interpretation: Base year selection and multi-year indexing. | 2 |
| Module II | — | Ratio Analysis | 13 Hrs |
| II | Unit 5 | Ratio Analysis: Meaning, Nature, Modes of expression, Uses, and Limitations of Ratios. | 2 |
| II | Unit 6 | Detailed study of Liquidity (Current, Quick, Absolute Cash), Profitability (Gross, Operating, Net, ROCE, ROE), and Turnover ratios (Inventory, Debtors, Creditors, Working Capital). | 4 |
| II | Unit 7 | Analysis of Solvency & Leverage (Debt-Equity, Proprietary, Interest Coverage, DSCR) and Market Test ratios (EPS, DPS, P/E, Yield, Book Value). | 3 |
| II | Unit 8 | Construction of Financial Statements from Ratios (reverse engineering Balance Sheet), Judgment of Financial Stability, DuPont 3-tier analysis. | 4 |
| Module III | — | Fund Flow and Cash Flow Analysis | 12 Hrs |
| III | Unit 9 | Concept of Fund Flow Statement: Concept of Fund (Working Capital), Golden Rule of Fund Flow, Need, and Managerial Uses. | 2 |
| III | Unit 10 | Schedule of Changes in Working Capital, Calculation of Funds from Operations (FFO). | 3 |
| III | Unit 11 | Preparation of Fund Flow Statements (Sources and Applications of Funds). | 3 |
| III | Unit 12 | Cash Flow Statement under AS-3 (Revised) & Ind AS 7: Operating, Investing, and Financing activities; FFS vs. CFS comparison. | 4 |
| Module IV | — | Cost-Volume-Profit (CVP) Analysis & Marginal Costing | 12 Hrs |
| IV | Unit 13 | Concept of Marginal Costing, Fixed and Variable Costs, Semi-variable segregation (High-Low method), Marginal vs. Absorption Costing. | 2 |
| IV | Unit 14 | Contribution Paradigm, Marginal Cost Equation, Profit-Volume (P/V) Ratio formulas and significance. | 2 |
| IV | Unit 15 | Break-Even Analysis (Units and Value), Margin of Safety (MOS) and MOS Ratio. | 2 |
| IV | Unit 16 | Construction of Break-Even Chart, Angle of Incidence, Graphic representations of Profit and Loss areas. | 2 |
| IV | Unit 17 | Managerial Decision Making: Fixation of Selling Price, Exploring New Export Markets, Make or Buy, Key / Limiting Factor, Optimum Product Mix, Operate or Shutdown. | 4 |
| Module V | — | Open Ended Module: Practical Applications, Case Studies & Projects | 30 Hrs |
| V | — | Recommended Implementation Framework:
| 30 |
Recommended Textbooks & Authoritative References
- Dr. S.N. Maheshwari & Dr. S.K. Maheshwari: Principles of Management Accounting, Sultan Chand & Sons, New Delhi.
- M.Y. Khan & P.K. Jain: Management Accounting: Text, Problems and Cases, McGraw Hill Education.
- Dr. S.N. Goyal & Manmohan: Management Accounting: Principles and Practice, Sahitya Bhawan Publications.
- B.S. Raman: Management Accounting, United Publishers, Mangalore.
- R.S.N. Pillai & V. Bagavathi: Management Accounting, S. Chand & Company, New Delhi.
- Sharma & Shashi K. Gupta: Management Accounting: Principles & Practice, Kalyani Publishers.
- J. Batty: Management Accountancy, Macdonald & Evans.
- George Foster: Financial Statement Analysis, Pearson Education.
- P.N. Reddy & H.R. Appannaiah: Essentials of Management Accounting, Himalaya Publishing House.
COM5CJ302Management Accounting
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Calicut University • FYUGP 2024 Syllabus
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