Swayam Central

Management Accounting for Decision Making

By M S Narasimhan   |   Indian Institute of Management Bangalore (IIMB)
Across organizations, managers are expected to have sound knowledge of finance and accounting. As part of their job, managers use large volumes of information produced by accounting systems to make business decisions every day.

This business and management course will show you how accounting information is relevant to managers, and how it can be processed and analyzed for effective managerial decision-making. By examining accounting information that is extensively used across three key managerial functions of planning, decision-making and controlling, the course equips non-finance managers with basic accounting and finance skills. This course also discusses activity based costing, which provides insight on the cost structure of products and services.

What sets this course apart is the practicing manager-centric approach that is a part of each week of the course. Whether you are a student or a practicing manager, this course will allow you to easily follow all topics and directly apply concepts in practice. 

What you'll learn

  • Basics of Accounting
  • Process Costing
  • Cost Allocation
  • Activity-based-costing
  • Cost Analysis for Decision Making
  • Budgeting
  • Variant Analysis

Learners enrolled: 2130


Course Status : Ongoing
Course Type : Core
Duration : 6 weeks
Start Date : 31 Jan 2020
End Date : 30 Apr 2020
Exam Date : 09 May 2020
Enrollment Ends : 08 Mar 2020
Category :
  • Management Studies
  • Level : Postgraduate


    Week 1: Introduction to Management Accounting
    • Financial and Cost Accounting
    • Basic Cost Terms and Cost Flow
    • Costing System
    • Preparation of Cost Sheet
    • Costing in Service Industry
    • Preparation of Cost Sheet in Service Industry
    • Financial, Cost and Management Accounting
    Week 2: Product Costing
    • Methods of Product Costing
    • Job Costing
    • Customer Costing
    • Process Costing
    • Treatment of Process Losses
    • Joint and By-products
    Week 3: Cost Allocation and Activity Based Costing
    • Indirect Cost
    • Method of Indirect Cost Allocation
    • Misallocation of Indirect Costs
    • Activity-based Costing
    • Implementation of Activity-based Costing
    • Activity-based Management
    Week 4: Cost Analysis for Decision Making Module Overview
    • Absorption vs Marginal Costing
    • Behavior of Cost
    • Break-even Analysis
    • BEP in Multiproduct Environment
    • Pricing Decision
    • Make or Buy Decision
    • Discontinuing Product or Closing Down Divisions
    • Optimal Product mix
    • Operating Leverage
    Week 5 : Budgeting
    • Strategic Planning and Budgets
    • Budgeting Process
    • Types of Budgets
    • Benefits of Budgets
    • Approaches to Budget Preparation
    • Preparation of Master Budget
    • Budget Slack
    Week 6 : Variance Analysis
    • Setting Standards
    • Variance Analysis: General Framework
    • Variable Overhead Variance
    • Fixed Overhead Variance
    • Material Mix Variance
    • Sales and Sales Mix Variance
    • Investigating Variance



    M S Narasimhan

    Indian Institute of Management Bangalore (IIMB)
    Professor MS Narasimhan teaches courses on Management Accounting, Financial Accounting, Corporate Finance and Investments. His areas of interest include Management Accounting, Corporate Finance and Capital Markets. He is a member of the Institute of Cost and Works Accountants of India. He has also completed a study on Corporate Disclosure Practices in India, sponsored under the FIRE project. He has published several articles and research studies in national and international journals and financial newspapers.


    Type of exam: Computer based exam 
    You will have to appear at the allotted exam centre and produce your Hall ticket and Government Photo Identification Card (Example: Driving License, Passport, PAN card, Voter ID, Aadhaar-ID with your Name, date of birth, photograph and signature) for verification and take the exam in person. You can find the final allotted exam centre details in the hall ticket.
    The questions will be on the computer and the answers will have to be entered on the computer; type of questions may include multiple choice questions, fill in the blanks etc.

    Weightage: 25% weigtage for weekly assignment + 75% weigtage for final exam.
    Passing Marks: You will be Eligible for Certificate Only if you score minimum 40% Weekly Assessment and min 40% in Final Exam. If you score less than 40% in either weekly assessments (avg) or in final exam, you will not receive the certificate.

    The final score will determine if you will/will not receive a certificate.
    1. Final score < 40%: NO certificate.
    2. Final score between 40% -49.99%: Grade D.
    3. Final score between 50% -59.99%: Grade C.
    4. Final score between 60% -84.99%: Grade B
    5. Final score of 85% and above: Grade A