A.Y. 2020-21

Managerial accounting is the first and most important subject from sem I. This subject has internal and external evaluation both.

This is one the branch of accounting which involves the presentation of financial information for internal purposes to be used by management in making key business decisions. Managerial accounting encompasses many facets of accounting, including final accounts of sole proprietary concern,  Elements of cost, Cost Sheet, Standard costing, Marginal costing and budgetary control.

The course is a Cafeteria Course specially designed for the Students of Management Sciences. Basic understanding of finance and management accounting is a prerequisite. Student of any specialization can pursue the course. Expected Outcomes are

Students should be able to know the basic and fundamental knowledge of the terms, concepts and system of costing principles and the use of various costing techniques for decision making

The Objectives are

1. To understand the various elements of Cost Management

2. To understand the importance of cost management in decision making

Test Subject

Introduction to the tourism sectors