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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The ‘Management Accounting’ online course is developed by the National Program for Technology Enhanced Learning (NPTEL) for the students to engage in discussions and gain valuable insights on the tools and techniques that ensure an improved decision-making process at the management level. This management studies certification course is provided by Swayam online education portal and the course modules and classes are designed to be completed in twelve weeks.

The course is conducted by sixty lectures, videos, and several other online exercises along with assessments done on a weekly basis. The program instructor is Dr. Anil K. Sharma, a finance and accounting professor from the department of management studies at the Indian Institute of Technology (IIT) Roorkee. The ‘Management Accounting’ online certification program enables students to gain a course certificate and credit points after successful completion of this core course. This program helps students gain a comprehensive understanding to gain an advantage over the competitive edge in the business market.

The Highlights

Online course
Twelve weeks
Free training
Core program
Undergraduate and postgraduate level
IIT faculty
Credit points
E-Certificate

Programme Offerings

videos
Weekly Assignments
problem solving
Credit Points
Final Exam

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 1000	yes	IIT Roorkee

The ‘Management Accounting’ certification fee is paid to get access to the end-term proctored exam.

Management Accounting fee structure

Course Fee	Nil
Exam Registration Fee	Rs 1000

Eligibility Criteria

Certificate qualifying details

The students who have taken the ‘Management Accounting’ certification by Swayam will become eligible for the course certificate after finishing the course and assessments according to the following scoring criteria,

Internal assessment - 10/25 (25%) in the best 8 out of 12 assignments.
Final Exam - 30/75 (75%)
Overall average - 40/100.

What you will learn

Financial knowledgeBusiness ManagementDecision making skillsAccounting proficiencyFinancial Management

The ‘Management Accounting’ certification syllabus is created for the students to know about the following,

Decisions oriented to the cost production, pricing, and after-sale service of products.
Insights for business decision-making and techniques to improve the firm value.
Scope of the concepts of financial accounting and cost accounting in managerial decision-making.
Concepts such as cost sheets, budgeting, tender costs, marginal costing, activity-based costing, and management control systems will become familiar to the learners of this course.

Who it is for

Financial AnalystFinancial AdvisorFinancial PlannerFinance ExecutiveAccountantChartered AccountantCertified Management Accountant

The ‘Management Accounting’ online certification program is organized for the students pursuing their masters in commerce(M.Com), masters in business administration(MBA), master of finance and control(MFC), chartered accountancy(CA), ICWA, and CS. The course will improve the knowledge of the finance professionals such as

Admission Details

The candidates interested in joining the ‘Management Accounting’ certification course should apply as per the following steps,

Step 1: Go to the course page using the link,

https://onlinecourses.nptel.ac.in/noc21_mg62/preview

Step 2: Find the ‘Sign-In/Register’ option.

Step 3: Fill in the registration details.

Step 4: Follow the instructions and complete the registration.

Application Details

The application form for the ‘Management Accounting’ online program requires the students to enter their Swayam account details if they have an account or the basic details to create a new account.
The alternate option is to join the course through the valid Google, Facebook, and Microsoft account ID.

The Syllabus

Management accounting-relevance and rationale
Major differences between Management Accounting
Financial Accounting & Cost Accounting
Historical development of Management Accounting as the subject of academic interest
Uses & Applications of Management Accounting in managerial decision making
Cost sheet or statement of cost - Concept & rationale

Preparation of cost sheet
Treatment of stock in the cost sheet
Budgeting as a tool of Management Accounting -Uses & applications
Different types of Budget - Master budget, Flexible budget & cash budget.

Master Budget - Methods of preparing the master budget
Case studies

Master Budget - Case studies (contd)
Flexible Budget - Concept & rationale, uses, and applications of flexible budgets.
Major differences between Master & Flexible budgets
Methods of preparing a flexible budget

Methods of preparing a flexible budget
Standard costing - Concept & rationale
Major differences between budgets & standard costing
Tool & techniques of standard costing.

Variance analysis - Analysis of Material, labor & overhead variances

Variance analysis - a case study
Marginal Costing - Meaning and rationale
Tools & techniques of Marginal Costing

Applications of marginal costing in management decision making

Marginal costing - a case study
Activity-based costing (ABC) -Concept
Methods/Techniques of ABC, ABC in Manufacturing industry.

ABC in the Manufacturing industry and service industry

Management Control system - Tools & Techniques

Responsibility accounting.
Concept & Rationale, Responsibility centers, goal congruence, managerial efforts, and motivation
Controllability and measurement of financial performance,
Responsibility accounting in service, government, and non-profit organizations.

Evaluation process

The students of this online certification training will have to write the end-term proctored certification exam to receive the ‘Management Accounting’ certificate.
The exam is conducted at the allotted exam center and registration is done online along with the payment for the exam.
The qualifying mark for the exam is a minimum of 30/75(75%).