Advanced management accounting 1: in a quick glance

1. The Nature of Management Accounting and Control Structure: How

Management Accounting adds value to business, Position and functions of
Management Accountants in different types of organizational structures, Role of
Management Accountant in Strategic Planning, Management Control and Task
Control [ 5
Lectures]

2. Responsibility Accounting and Divisional Performance Measurement:

Concept of Responsibility Accounting; Responsibility Centres – Cost Centre,
Revenue Centre, Profit Centre, Investment, Centre, Measures of Performance;
Managing Costs through Standard Setting and Variance Analysis, Controllability and
Cost Variance Investigation models, Return on Investment (ROI) Versus Residual
Income (RI); Economic value added..
[8
Lectur
es]

3. Transfer Pricing in Divisionalised Companies –

Purpose of Transfer Pricing, Transfer Pricing Methods, Resolving Transfer
Pricing Conflicts, Domestic Transfer Pricing Considerations, International
Transfer Pricing
[8
Lecture
s]

4. Cost-Volume Profit analysis and Short -Run Managerial Decisions: Necessity,

assumptions using CVP for managerial decision making, sensitivity, profit
planning, CVP analysis of multi-product units, Managerial Decisions – Make/Buy,
Add/Drop, Sell/ Process Further, Operate/Shutdown, Special Order, Product-Mix,
Pricing Decisions.
[ 9
Lecture
s]