What You'll Learn
Fundamentals of Management Accounting
Evolution of Management Accounting
Cost Accounting vs Management Accounting
Role of Management Accountant
Scope & Objectives of Management Accounting
Traditional Costing System
Activity Based Costing
Cost Pools
Cost Drivers
Activity Based Information for Decision Making
Marginal Costing
Cost-Volume-Profit (CVP) Analysis
Break-Even Analysis
Profit Planning
Differential Cost Analysis
Make or Buy Decisions
Pricing Decisions
Limiting Factor Analysis
Replacement Decisions
COURSE CURRICULUM
Module 1 – Introduction to Management Accounting
Topics Covered:
- Concept of Management Accounting
- Objectives of Management Accounting
- Scope of Management Accounting
- Evolution of Management Accounting
- Financial Accounting vs Cost Accounting vs Management Accounting
- Role of Management Accountant
- Functions of Management Accountant
- Strategic Role in Modern Business
Module 2 – Activity Based Costing (ABC)
Topics Covered
- Traditional Costing System
- Meaning of Activity Based Costing
- Steps in ABC
- Cost Pools
- Cost Drivers
- Allocation of Overheads
- Merits & Limitations of ABC
- ABC for Managerial Decision Making
Module 3 – Marginal Costing
Topics Covere
- Marginal Costing Concepts
- Cost-Volume-Profit Analysis
- Contribution Analysis
- Profit Volume Ratio
- Break-Even Point (BEP)
- Margin of Safety
- Break-Even Charts
- Profit Charts
- Multiple Product BEP
- Differential Cost Analysis
- Marginal Costing vs Absorption Costing
Module 4 – Applications of Marginal Costing in Short-Term Decision Making
Topics Covered:
- Pricing Decisions
- Make or Buy Decisions
- Accept or Reject Special Orders
- Limiting Factor Analysis
- Product Mix Decisions
- Replacement Decisions
- Alternative Course of Action
- Subcontracting Decisions
- Business Expansion
- Shutdown or Continue Decisions
Module 5 – Transfer Pricing
Topics Covere
- Introduction to Transfer Pricing
- Objectives of Transfer Pricing
- Transfer Pricing Methods
- Cost-Based Transfer Pricing
- Market-Based Transfer Pricing
- Negotiated Transfer Pricing
- Goal Congruence
- Divisional Performance
- International Transfer Pricing
Module 6 – Standard Costing & Variance Analysis
Topics Covered:
- Standard Costing
- Standard Cost Card
- Material Cost Variances
- Labour Cost Variances
- Variable Overhead Variances
- Fixed Overhead Variances
- Sales Variances
- Variance Interpretation
- Performance Evaluation
Module 7 – Forecasting, Budgeting & Budgetary Control
Topics Covered
- Meaning & Scope of Data Science
- Nature of Data
- Types of Data
- Financial & Costing Data
- Digitization of Data
- Decision-Oriented Information
- Professional Skepticism
- Ethical Use of Data
Module 8 – Divisional Performance Measurement
Topics Covered
- Decentralized Organizations
- Benefits of Decentralization
- DuPont Analysis
- Return on Investment (ROI)
- Residual Income (RI)
- Economic Value Added (EVA)
- EVA Drivers
- Learning Curve
- Balanced Scorecard
Module 9 – Responsibility Accounting
Topics Covere
- Responsibility Accounting
- Responsibility Centres
- Cost Centre
- Revenue Centre
- Profit Centre
- Investment Centre
- Responsibility Reports
- Performance Evaluation
Module 10 – Decision Theory
Topics Covered
- Decision Theory Fundamentals
- Decision Under Certainty
- Decision Under Risk
- Decision Under Uncertainty
- Expected Value
- Payoff Matrix
- Opportunity Loss
- Decision Trees
- Business Decision Models
What Our Students Say
FREQUENTLY ASKED QUESTIONS
How long is the course?
The course includes 30+ hours of HD video lectures, practical assignments, real-world case studies, and downloadable resources. Since you’ll receive lifetime access, you can complete the course at your own pace without any time restrictions.
Will I get a certificate?
Yes. Upon successfully completing the course, you’ll receive an Industry-Recognized Certificate of Completion that you can add to your resume, LinkedIn profile, or professional portfolio.
Is this course suitable for beginners?
Absolutely. This course is designed for beginners, commerce students, working professionals, CA/CMA aspirants, finance executives, accountants, and business owners. Every concept is explained from the fundamentals to advanced practical applications.
Can I watch this course on mobile?
Yes. You can access the course anytime through our Learning App or on your laptop, desktop, or tablet. Your learning progress is automatically synchronized across all devices.
Is access included?
Yes. Once enrolled, you’ll receive 1 Year to all course videos, study materials, assignments, future updates, and any newly added content at no extra cost.
Do I get study material or notes?
Yes. Along with the video lectures, you’ll receive:
- Comprehensive PDF Notes
- Practical Excel Templates
- Cost Sheet Formats
- Case Study Files
- Assignment Worksheets
- Practice Questions
- Downloadable Reference Material