Management Accounting
Learn about the third branch of accounting which enables effective managerial decision making in business organizations with this course.
Online
12 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The ‘Management Accounting’ online course is developed by the National Program for Technology Enhanced Learning (NPTEL) for the students to engage in discussions and gain valuable insights on the tools and techniques that ensure an improved decision-making process at the management level. This management studies certification course is provided by Swayam online education portal and the course modules and classes are designed to be completed in twelve weeks.
The course is conducted by sixty lectures, videos, and several other online exercises along with assessments done on a weekly basis. The program instructor is Dr. Anil K. Sharma, a finance and accounting professor from the department of management studies at the Indian Institute of Technology (IIT) Roorkee. The ‘Management Accounting’ online certification program enables students to gain a course certificate and credit points after successful completion of this core course. This program helps students gain a comprehensive understanding to gain an advantage over the competitive edge in the business market.
The Highlights
- Online course
- Twelve weeks
- Free training
- Core program
- Undergraduate and postgraduate level
- IIT faculty
- Credit points
- E-Certificate
Programme Offerings
- videos
- Weekly Assignments
- problem solving
- Credit Points
- Final Exam
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Roorkee |
The ‘Management Accounting’ certification fee is paid to get access to the end-term proctored exam.
Management Accounting fee structure :
Course Fee | Nil |
Exam Registration Fee | Rs 1000 |
Eligibility Criteria
Certificate qualifying details
The students who have taken the ‘Management Accounting’ certification by Swayam will become eligible for the course certificate after finishing the course and assessments according to the following scoring criteria,
- Internal assessment - 10/25 (25%) in the best 8 out of 12 assignments.
- Final Exam - 30/75 (75%)
- Overall average - 40/100.
What you will learn
The ‘Management Accounting’ certification syllabus is created for the students to know about the following,
- Decisions oriented to the cost production, pricing, and after-sale service of products.
- Insights for business decision-making and techniques to improve the firm value.
- Scope of the concepts of financial accounting and cost accounting in managerial decision-making.
- Concepts such as cost sheets, budgeting, tender costs, marginal costing, activity-based costing, and management control systems will become familiar to the learners of this course.
Who it is for
The ‘Management Accounting’ online certification program is organized for the students pursuing their masters in commerce(M.Com), masters in business administration(MBA), master of finance and control(MFC), chartered accountancy(CA), ICWA, and CS. The course will improve the knowledge of the finance professionals such as
- Finance managers
- Finance analysts
- Financial advisors
- Financial planners
- Finance executives
- Accountants
- Chartered accountants
- Cost accountants
Admission Details
The candidates interested in joining the ‘Management Accounting’ certification course should apply as per the following steps,
Step 1: Go to the course page using the link,
https://onlinecourses.nptel.ac.in/noc23_mg101/preview
Step 2: Find the ‘Sign-In/Register’ option.
Step 3: Fill in the registration details.
Step 4: Follow the instructions and complete the registration.
Application Details
- The application form for the ‘Management Accounting’ online program requires the students to enter their Swayam account details if they have an account or the basic details to create a new account.
- The alternate option is to join the course through the valid Google, Facebook, and Microsoft account ID.
The Syllabus
- Management accounting-relevance and rationale
- Major differences between Management Accounting
- Financial Accounting & Cost Accounting
- Historical development of Management Accounting as the subject of academic interest
- Uses & Applications of Management Accounting in managerial decision making
- Cost sheet or statement of cost - Concept & rationale
- Preparation of cost sheet
- Treatment of stock in the cost sheet
- Budgeting as a tool of Management Accounting -Uses & applications
- Different types of Budget - Master budget, Flexible budget & cash budget.
- Master Budget - Methods of preparing the master budget
- Case studies
- Master Budget - Case studies (contd)
- Flexible Budget - Concept & rationale, uses, and applications of flexible budgets.
- Major differences between Master & Flexible budgets
- Methods of preparing a flexible budget
- Methods of preparing a flexible budget
- Standard costing - Concept & rationale
- Major differences between budgets & standard costing
- Tool & techniques of standard costing.
- Variance analysis - Analysis of Material, labor & overhead variances
- Variance analysis - a case study
- Marginal Costing - Meaning and rationale
- Tools & techniques of Marginal Costing
- Applications of marginal costing in management decision making
- Marginal costing - a case study
- Activity-based costing (ABC) -Concept
- Methods/Techniques of ABC, ABC in Manufacturing industry.
- ABC in the Manufacturing industry and service industry
- Management Control system - Tools & Techniques
- Responsibility accounting.
- Concept & Rationale, Responsibility centers, goal congruence, managerial efforts, and motivation
- Controllability and measurement of financial performance,
- Responsibility accounting in service, government, and non-profit organizations.
Evaluation process
- The students of this online certification training will have to write the end-term proctored certification exam to receive the ‘Management Accounting’ certificate.
- The exam is conducted at the allotted exam center and registration is done online along with the payment for the exam.
- The qualifying mark for the exam is a minimum of 30/75(75%).
Instructors
IIT Roorkee Frequently Asked Questions (FAQ's)
This course is provided by Swayam.
The course can be completed in twelve weeks.
There are no prerequisites for the course.
Yes, you can learn the course for free.
You will get three credit points.