Management Accounting


Prof. Anil K. Sharma

IIT Roorkee

*Additional GST and optional Exam fee are applicable.

SKU: IIT Roorkee Category:


Management accounting is a subject of recent origin which has facilitated the managerial decision making more effectively and efficiently. The tools & techniques of management accounting are very useful for strategic managerial decisions facilitating cost control, profit maximization, organizational planning and control. Innovative costing techniques like ABC and responsibility accounting help the business organizations to sustain in a competitive global scenario and expand their product lines and markets. Management control systems help the businesses to use their scarce resources efficiently and effectively and contribute in the maximization of the firm value


M.Com, MBA, MFC, CA, ICWA, CS, Working professionals in the area of finance.


All companies working in any area would value this course


Dr. Anil K. Sharma a Professor in the area of Finance & Accounting in the Department of Management Studies, IIT Roorkee is M. Com and M. Phil, First Class First and Gold Medalist and Ph.D. in Financial Management from Panjab University Chandigarh. He is working at IIT Roorkee for the past more than 17 years and has more than 24 years teaching experience in total. His area of interest is finance and accounting and he has equally goods interest in research in the same area. He has published more than 125 research papers in International and National refereed journals and refereed conferences. He has been awarded best paper award for his paper presented in an international conference in Thailand. He is the editorial board member for three International Journals and reviewer to more than twenty International and national Journals.

Certification Process

1. Join the course
Learners may pay the applicable fees and enrol to a course on offer in the portal and get access to all of its contents including assignments. Validity of enrolment, which includes access to the videos and other learning material and attempting the assignments, will be mentioned on the course. Learner has to complete the assignments and get the minimum required marks to be eligible for the certification exam within this period.

COURSE ENROLMENT FEE: The Fee for Enrolment is Rs. 3000 + GST

2. Watch Videos+Submit Assignments
After enrolling, learners can watch lectures and learn and follow it up with attempting/answering the assignments given.

3. Get qualified to register for exams
A learner can earn a certificate in the self paced course only by appearing for the online remote proctored exam and to register for this, the learner should get minimum required marks in the assignments as given below:

Assignment score = Score more than 50% in at least 9/12 assignments.
Exam score = 50% of the proctored certification exam score out of 100
Only the e-certificate will be made available. Hard copies will not be dispatched.”

4. Register for exams
The certification exam is conducted online with remote proctoring. Once a learner has become eligible to register for the certification exam, they can choose a slot convenient to them from what is available and pay the exam fee. Schedule of available slot dates/timings for these remote-proctored online examinations will be published and made available to the learners.

EXAM FEE: The remote proctoring exam is optional for a fee of Rs.1500 + GST. An additional fee of Rs.1500 will apply for a non-standard time slot.

5. Results and Certification
After the exam, based on the certification criteria of the course, results will be declared and learners will be notified of the same. A link to download the e-certificate will be shared with learners who pass the certification exam.


Course Details

Week 1: Management accounting-relevance and rationale, Major differences between Management Accounting, Financial Accounting & Cost Accounting, Historical development of Management Accounting as  subject of academic interest, Uses & Applications of Management Accounting in managerial decision making,    Cost sheet or statement of cost –  Concept & rationale
Week 2: Preparation of cost sheet, Treatment of stock in cost sheet, Budgeting as tool of Management Accounting -Uses & applications, Different types of Budget – Master budget, Flexible budget & cash budget.
Week 3: Master Budget – Methods of preparing master budget, Case studies
Week 4: Master Budget – Case studies (contd), Flexible Budget – Concept & rationale, uses and applications of flexible budgets. Major differences between Master & Flexible budgets, methods of preparing flexible budget
Week 5: Methods of preparing flexible budget, Standard costing – Concept & rationale, Major differences between budgets & standard costing, Tool & techniques of standard costing.
Week 6: Variance analysis – Analysis of Material, labor & overhead variances.
Week 7: Variance analysis – a case study, Marginal Costing – Meaning and rationale, Tools & techniques of Marginal Costing
Week 8: Applications of marginal costing in management decision making
Week 9: Marginal costing – a case study, Activity based costing (ABC) -Concept, Methods/Techniques of ABC, ABC in Manufacturing industry.
Week 10: ABC in Manufacturing industry and service industry
Week 11: Management Control system – Tools & Techniques
Week 12: Responsibility accounting. Concept & Rationale, responsibility centres, goal congruence, managerial efforts and motivation; Controllability and measurement of financial performance, responsibility accounting in service, government and non-profit organizations.


1. Horngreen, C.T., Sundem, G.L. and Stratton, W.O., “Introduction to Management Accounting”, 13th Edition,  PHI.
2. Bamber, L.S., Braun, K.W. and Harrison, T.W., “Managerial Accounting, Pearson Education.
3. Hansen, D.R. and  Mowen, M.M., “Management Accounting”, 7th Edition,  Thomson South Western.
4. Khan, M.Y. and Jain, P.K., “Management Accounting”, 4th Edition, Tata McGraw-Hill.
5. Louder, J.G. and Holmen, J.S. “Managerial Accounting”, 10th Edition, Thomson South Western.


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