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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The Management Accounting for Decision Making programme by Swayam is an online, six-week course. The curriculum focuses on students pursuing post-graduation and management professionals. It covers all the basics of finance and accounting that are necessary to run an organisation. This short-term programme is also a part of the management studies domain.

The training entails all the information a manager needs to analyse accounting information to make informed decisions while planning other activities. In the Management Accounting for Decision Making online course, you will learn about several different topics like costing, cost allocation, cost analysis, etc. in conjunction with doubt-solving, and a manager-centric methodology.

You can get certified for Swayam’s Management Accounting for Decision Making course by registering for it online. Even if you’re not from the management field, this course will help you understand how accounting and finance in a company work. The training will be led by Professor MS Narasimhan who teaches various subjects that fall under accounting and finance at the Indian Institute of Management, Bangalore.

The Highlights

Management-centric teaching method
Six-week course
Expert faculty
Free enrolment
Core programme
References and books
Computer-based test
Postgraduate-level
Certification available
Management studies category

Programme Offerings

Management accounting
decision making
Online Course
Certificate
Free learning
core training
Postgraduate-level
six week programme
Management-centric Approach

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	IIM Bangalore

Eligibility Criteria

To avail of the Management Accounting for Decision Making certificate, candidates must undertake the computer-based assessment. They will have to do so at an allotted centre by producing a Government photo ID and their hall ticket. The questions may be of MCQ or fill in the blanks type.

To receive the final certificate, learners must score a minimum of 40% in the final test and 40% in the weekly assessment. Failing to do so in either of them will result in the candidates not receiving the certification.

What you will learn

Accounting proficiency

You will be well-versed in the following topics after completing the Management Accounting for Decision Making online course by Swayam:

Accounting basics
Process costing
Activity-based costing
Cost allocations
Budgeting
Cost analysis for decision making
Variant analysis

Who it is for

Accountant

The Management Accounting for Decision Making online certification is for students who are:

Post-graduation students
Management professionals
Candidates willing to upskill

Admission Details

To get admission in the Management Accounting for Decision Making accreditation, you have to follow the steps provided below:

Step 1: Go to the course webpage.

Step 2: After going through the details of the course, click on the sign-up/register button provided in the right upper corner.

Step 3: Log in with your Facebook, Microsoft, or Google account or create an account on Swayam by filling out the required details.

Step 4: If you’ve created an account, get your email ID verified and start learning.

Application Details

Learners don’t have to fill up an application form to join the Management Accounting for Decision Making programme by Swayam. They can do so by creating their account via email or signing up through their Facebook, Microsoft, or Google account. Once done, they can get their email verified and start accessing all the course content.

The Syllabus

Financial and Cost Accounting
Basic Cost Terms and Cost Flow
Costing System
Preparation of Cost Sheet
Costing in Service Industry
Preparation of Cost Sheet in Service Industry
Financial, Cost and Management Accounting

Methods of Product Costing
Job Costing
Customer Costing
Process Costing
Treatment of Process Losses
Joint and By-products

Indirect Cost
Method of Indirect Cost Allocation
Misallocation of Indirect Costs
Activity-based Costing
Implementation of Activity-based Costing
Activity-based Management

Absorption vs Marginal Costing
Behavior of Cost
Break-even Analysis
BEP in Multiproduct Environment
Pricing Decision
Make or Buy Decision
Discontinuing Product or Closing Down Divisions
Optimal Product mix
Operating Leverage

Strategic Planning and Budgets
Budgeting Process
Types of Budgets
Benefits of Budgets
Approaches to Budget Preparation
Preparation of Master Budget
Budget Slack

Setting Standards
Variance Analysis: General Framework
Variable Overhead Variance
Fixed Overhead Variance
Material Mix Variance
Sales and Sales Mix Variance
Investigating Variance

Evaluation process

You need to appear for a computer-based exam to get certified for the Management Accounting for Decision Making certification. You’ll have to register for the test separately, the details of which will be sent to you via email by Swayam. After registration for the exam, you’ll receive a hall ticket, and an exam centre will be allocated to you.

The information about the centre will be mentioned in the hall ticket only. The questions in your test can be either MCQs or fill in the blanks. The questions and the options will appear on the computer screen.

The final certificate carries the following weightage: -

25% for weekly assignments + 75% for the term-end examination

Candidates must score at least 40% in the weekly assessment and 40% in the final test to be eligible for the certificate. Failing to do so in either of them will result in the learners not qualifying for the certification.

Instructors

IIM Bangalore Frequently Asked Questions (FAQ's)

1: What is the length of the course?

The duration of studying certification in Management Accounting for Decision Making is six-weeks.

2: Is there any practical aspect of this course?

Yes. The principles you’ll study in this programme can be applied. Also, the teaching methodology is management-centric.

3: Who should pursue this course?

The online Management Accounting for Decision Making course is for individuals who are either pursuing post-graduation or have managerial roles in any organisation.

4: Which category does this programme belong to?

The course pertains to management studies.

5: Do we need to carry any identification cards for the exam?

Yes, you should have an ID card like your Aadhar card, driving license, or your PAN card while appearing for the test.