BBA Management Accounting Notes Unit 3

Download MA notes PDF for IPU. Management Accounting is generally taught in the 3rd semester of GGSIPU BBA program. 

UNIT 3 Budgets and Budgetary Control:

• Concept of Budgets and Budgetary Control
• Advantages and Limitations of Budgetary Control
• Establishing a System of Budgetary Control
• Preparations of different budgets
• Fixed and Flexible Budgeting
• Performance budgeting and Zero Base Budgeting
• Concept of Responsibilities Accounting- Types of Responsibilities Centers
• Standard Costing and Variance Analysis
• Meaning of Standard Cost
• Relevance of standard cost for variance analysis
• Significance of variance analysis
• Computation of labor variances
• Computation of Material variances
• Computation of overhead variances