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Centre for Online Education - MCO-05-Accounting for Managerial Decisions 

  • Offered bySwayam

MCO-05-Accounting for Managerial Decisions

Equip students with the knowledge and skills to apply accounting information to effectively manage a business


16 weeks

Start from

15th Jul'24

Mode of learning


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MCO-05-Accounting for Managerial Decisions

  • Earn a certificate from IGNOU
  • Learn from industry experts
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MCO-05-Accounting for Managerial Decisions
Course details

Who should do this course?
  • Seeking to improve their financial acumen and apply accounting principles to strategic decision-making
  • Wanting to gain better control over their financial operations and make informed business decisions
What are the course deliverables?
  • You'll learn how financial data is used by managers to make informed choices about various aspects of the business
  • You'll gain the ability to analyze financial ratios and other metrics to evaluate profitability, liquidity, solvency, and overall financial well-being
  • You'll learn how to leverage financial data to create projections about future performance and set financial plans for the organization
  • Develop the ability to interpret financial statements and accounting data to assess a company's financial health and performance
More about this course
  • Finance and accounting have assumed much importance in today’s competitive world of business wherein corporate organisations have to show the true and fair view of their financial position
  • Thus, the application of accounting in the business sector has become an indispensable factor
  • Cost and Management Accounting’ is very useful for optimum utilization of existing resources
  • These are branches of accounting and had been developed due to limitations of financial accounting
  • The course mainly focuses on Cost Accounting and Management Accounting
  • Cost Accounting provides the detailed cost information that management needs to control current operations and plan for the future whereas Management Accounting provides key insights that help a company's management team make many of their decisions
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MCO-05-Accounting for Managerial Decisions


Unit-1: Accounting: An Overview

Unit-2: Accounting: Basic Cost Concepts


Unit-3: Financial Statements


Unit-4: Understanding Financial Statements


Unit-5: Techniques of Financial Analysis


Unit-6: Statement of Change in Financial Position


Unit-7: Cash Flow Analysis


Unit-8: Basic Concepts of Budgeting


Unit-9: Preparation and Review of Budgets


Unit-10: Approaches to Budgeting


Unit-11: Basic Concepts of Standard Costing


Unit-12: Variance Analysis-I


Unit-13: Variance Analysis-II


Unit-14: Responsibility Accounting


Unit-15: Marginal Costing


Unit-16: Break Even Analysis


Unit-17: Relevant Costs for Decision making


Unit-18: Reporting to Management


Unit-19: Recent Developments in Accounting

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MCO-05-Accounting for Managerial Decisions
Faculty details

Dr N. Rajendra Prasad
Dr. N. Rajendra Prasad is currently an Assistant Professor in the School of Management Studies in the discipline of Commerce, Indira Gandhi National Open University New Delhi. He has done B. Com from Osmania University. He is a Post Graduate in Commerce and obtained his Ph.D degree from the Department of Commerce, Osmania University. He was a Project Fellow under UGC Major Research Project titled “Financing Cost and Efficient Analysis of Public Hospitals in Andhra Pradesh”. He has also worked as a ICSSR Doctoral Research Fellow. He is a Life Member of Indian Commerce Association and Telangana Commerce Association. Dr. Prasad has a brilliant academic record. He has been a Guest Faculty in various Colleges and academic institutions. His academic, organizing abilities are well known to the students of Osmania University. He has a number of publications in National and International journals of repute. He is a personality deeply committed to the academics. During his Ph.D. tenure, he was considered one of the committed and passionate research scholars of the Department of Commerce, at Osmania University. He has also received many best research paper awards at various conferences. He has published many articles in prominent dailies of the Telangana State on different educational and social issues
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MCO-05-Accounting for Managerial Decisions
Admission Process

    Important Dates

    Jul 15, 2024
    Course Commencement Date

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