Handwritten Management Accounting Notes PDF FREE Download

Management Accounting Notes PDF

Date: 3rd Feb 2023

In these “Management Accounting Notes PDF”, we will study the role of Management Accounting in planning, control, and decisionmaking

We have provided multiple complete Management Accounting Notes PDF for any university student of Bachelor of Management Studies (BMS) or Master of Business Administration (MBA) to enhance more knowledge about the subject and to score better marks in the exam. Students can easily make use of all these Management Accounting Notes PDF by downloading them.

Topics in our Management Accounting Notes PDF

The topics we will cover in these Management Accounting Notes PDF will be taken from the following list:

Nature, Scope of Management Accounting: Meaning, definition, nature, and scope of Management Accounting; Comparison of Management Accounting with Cost Accounting and Financial Accounting. Cost concepts: Meaning, Scope, Objectives, and Importance of Cost Accounting; Cost, Costing, Cost Control, and Cost Reduction; Elements of Cost, Components of total Cost, Cost Sheet. Classification of Costs: Fixed, Variable, Semi-variable, and Step Costs; Product, and Period Costs; Direct, and Indirect Costs; Relevant, and Irrelevant Costs; Shutdown, and Sunk Costs; Controllable, and Uncontrollable Costs; Avoidable, and Unavoidable Costs; Imputed / Hypothetical Costs; Out-of-pocket Costs; Opportunity Costs; Expired, and Unexpired Costs; Conversion Cost. Cost Ascertainment: Cost Unit and Cost Centre. Introduction to Overhead allocation, Overhead Apportionment, Overhead absorption, Overhead Distribution (Simultaneous Equation, Repeated Distribution and trial, and error method) vs. Continue.

Cost-Volume-Profit Analysis: Contribution, Profit-Volume Ratio, Margin of safety, Cost Breakeven Point, Composite Break-even Point, Cash Break-even Point, Key Factor, Break-even Analysis. Relevant Costs and Decision Making: Pricing, Product Profitability, Make or Buy, Exploring new markets, Export Order, Sell or Process Further, Shut down.

Budgets and Budgetary Control: Meaning, Types of Budgets, Steps in Budgetary Control, Fixed and Flexible Budgeting, Cash Budget, Production Budget, Sales budget, Raw material Purchase and Raw material consumption Budget, Factory overhead budget, Office overhead budget and selling and distribution overhead budget and Master Budget. Responsibility Accounting: Concept, Significance, Different responsibility centres, Divisional performance – Financial measures, Transfer pricing.

Standard Costing and Variance Analysis: Meaning of Standard Cost and Standard Costing, Advantages, Limitations and Applications; Material, Labour, and Sales Variances. Introduction to Target Costing, Life Cycle Costing, Quality Costing, and Activity-based Costing.

Download Management Accounting Notes PDF

Management Accounting Reference Books List

We have listed the best Management Accounting Reference Books that can help in your Management Accounting exam preparation: 

• C.T. Horngren, Gary L. Sundem, Jeff O. Schatzberg, and Dave Burgstahler (2013). Introduction to Management Accounting. (16th Edition). Pearson
• M.N. Arora. A Textbook of Cost and Management Accounting, (10th Edition). Vikas Publishing House Pvt. Ltd.
• S.N. Maheshwari, and S.N. Mittal (2017). Cost Accounting Theory and Problems (27th Edition)

Management Notes PDF