Management Accounting is a discipline that combines management functions (planning, organizing, staffing, directing, controlling) with accounting to provide information for decision-making. It was first coined in 1950 by the Anglo-American Council. Key features include: it is both a science (systematic data collection) and art (personal judgment); it provides services for all management levels; it is an integrated system combining techniques from multiple subjects; it is future-oriented using historical data for planning; it focuses on cost elements (fixed, variable, semi-variable); it emphasizes cause-and-effect analysis; its rules are not universal and can be modified; it supplies information but not decisions; and it helps achieve organizational objectives. The scope includes financial accounting, cost accounting, budgeting, forecasting, inventory control, reporting, interpretation of data, tax accounting, internal auditing, office services, and responsibility accounting. Functions are divided into operating functions (recording data, validating data, communicating financial data, interpretation) and theoretical functions (forecasting and planning, organizing, controlling, communication, coordination, motivation).
LIVE |Techniques& Principles of Management Acc |HSSC CET/HTET/NET Lecturer Commerce
Added:lying down Hello friends, welcome once again.
Study Vita from Your Trusted Platform On ma'am. Hope you all are doing well. One Tell me whether the audio video is ok or not then we will start the session and today We are starting our new unit.
Management audit management is going to be done accounting's okay almost things that are I made you pay attention and you noticed it too.
I will also send you some recorded ones but Remember that everything you have will be in the recent past.
I want to keep something of yours in the asset that belongs to us.
If it is already there then I will put it in with your help.
It will happen but everything of yours is new here.
Our auditing must have been completed.
I told you that one chapter is half and one The remaining chapters are complete. But There are a lot of new kids. For quite some time he were messaging so I ordered a new unit Got it started. One more class Auditing has half a chapter on it.
Will give. Tell me once brother all the children audio Video Everything is Okay or Not Like only tree children right now Will be visible. Radhe-Radhe Anu ji Radhe-Radhe.
And brother, does anyone want to take your sister or brother's batch?
If so, tell him. After that, what is Your batch may be from next week If the price increases, what will happen to you?
will become 49 and the one who has estate You have to enroll in estate also.
It may be on offer right now for 199 more After the results, its price will also become 29.
Whoever wants to enroll and this batch is yours Now the vacancy of PGT is about to come i.e. that it will be useful in Chandigarh as well and whatever She is from Punjab, it will be useful there too.
Whoever wants to enroll can do so.
Yes, we will do the rest in today's session.
Continuum [coughing sound] Let go First look, let's talk about the first one Things used to be like what used to happen in the earlier times.
Go once Our topic today is Management Accounting.
Management accounting is here to stay today This is going to be our topic, see what happens.
we had studied finance account Cost account was read in finance account What is basic? You record the data.
It means it happens on the basis of the past.
Whereas what is the cost? In cost you You need to know the total and the unit.
Do you want? Now we are going to discuss Management Accounting. Management Account What will happen in me? [coughing sound] Okay ma'am. Let us go All the kids please like it now. And where is the rest Is? How come there are fewer children in between today?
Come and see what will happen in management? First The question is, remember this from the future.
It will be related. You can view past data Analyze and discuss the future Will you do it? So the first thing here is your The question arises as to when and what was the invention of this.
Was? If I had just looked at you, I would have been relieved.
It is when we read a book. But very All children are such that they can be shortchanged.
It happens. So this time I read each chapter.
Will put such a PPT. So what from here?
If it happens then you will have this issue that our Your bingle remains in Hindi and English.
The PPT will be uploaded along with the chapter. So you You can also use this for the child that I need to quickly do things in a short time.
Have to do it once. This will be short. But things It is an obvious thing somewhere. From the book It could be better. So, there is no mention of the book.
There is no competition. Yes. things here By doing short fast revision, your Will remain. Let us first talk about Of origin. Look at your origin with two words It is made. One is management And what will be our second? Accounting.
When I got the definition of management done So what did we say? To manage anything.
means managing something or what we Was doing? Planning, Organizing, Staffing, Directing, Controlling. i.e that whatever its functions were, the functions of There used to be management, they used to do this work.
And what is there here? what is in accounting will be? What did we do in a way? Data used to record. This was our thing. Now You add these two together. So this is our What will happen? become a management accountant Will go. Meaning the data recorded here This is how you will use the data Will you do it? which you have recorded in accounting This is how you record your data You will use it so that the data which you have Your management function in the thing Help, what did you do in management?
Planning Organizing Staffing Directing means the data that you in decision making or that helps your business Ours will help you run smoothly.
What will happen? Management Accounting Your Will be done. First, let's talk about Of origin. What will happen? Of origin. So For origin, you remember management The word accounting was first coined in 1950.
I used you in the 1950s and Who used it? Anglo American The council. Who used it brother?
American Anglo American Council. Now It has been given different names.
What was done to the management?
Different names were given.
[nasal sound] It is not working on YT. It's just more It is running only in paid groups. YT Will not be visible to children.
If the class is unlisted then only the child you Who has taken the batch, it is visible only to him Will give. Remember only those who have taken the batch And it will be visible only to him. the rest of the children It will not be visible to anyone. So you remember this Have to keep it. So from the word management accounting You got it cleared. In 1950 you used It was done and there are many names for it too.
have been given to you. Like we said Management Oriented Accounting. Ok? Or Which is accounting method for management. So Different things were used in it. Then your Different definitions have also been given that What will happen in this? What will happen in this?
More definitions are needed Not there. Even if you do one or two, it will be fine.
Will go. But brother, I am satisfied It happens, it happens from the book. Ok? So If you want, you can do it from PPT from here.
I have made all the things available to you.
So when you do these shorts, this will help you.
It will happen. So it told in a different way That this is management. I mean five or six people Are. What did all the five or six of you do?
Did you give it? Gave definition. So that someone can help you You can do whatever you feel is best. any issue It is not inside it. Look here it I have also told you to do any of it. Management We do the accounting for it. Robert Anthony, who is Management Accounting.
There is concern, that is, it is connected. with the Accounting Information That Is Useful To Management. What I already told you Separate the two words. Management Plus It said the same thing to accounting that Management accounting is a concern Where is it connected to, where is the accounting For whom is the information useful?
It is useful and simple to manage I told you about the management after breaking it down.
Your data will be used for the function which In which accounting records will it be recorded?
Inside, this is yours and the rest are different.
You have been given different definitions which will help you in achieving great It is different, you can do it because you If you do not have to give the paper in writing then any of you If you do it, your work will be done, now let's talk Let us now discuss its features.
What will they be? The features that are What will happen? The first thing you I have given you the features, first of all see what you Features have been given by nature or Characteristic. I will also show you from the book right now because it gives me satisfaction book From. The rest of the children prefer to study.
We do. You know it and I know it too Where do you do it from?
Isn't this one Here, first of all, I will tell you the syllabus.
I wanted to tell you that the syllabus remained ours and yours Syllabus is currently in the starting PDF format.
You will get the syllabus here.
Management is what we are going to do in the first chapter today.
Have been. After managing you will see So there's your management reporting system.
Then you have already prepared the financial statement.
I have posted your analysis of financial statement remember that I You were given one day before the asset paper.
In which we asked that vertical question How was the profit and loss balance sheet prepared?
This is the ratio analysis that is made We basically discuss Day Equity Ratio is accounting ratio, that one is your The cash flow statement is already here.
I have already done this to you, not to you I will get it done, you have to do it, I said.
Okay, then here comes your Absorption and variable costing are We will do a special chapter and one for you.
Bustry and Bustry Control so this Your chapters have a small syllabus.
No, if you do it routinely, it will be yours.
from the book ok ma'am Get it done through the book, I will get it done through the book brother I don't have any problem, I am satisfied It happens from there but the children If there is passion for PPT then it The font size given to us is small, that's the only problem.
Let's go You will get this PPT, you can download it You should do this in fast track revision.
It will help you. When you have this, don't you If I cover the syllabus quickly then it It will help you. Give absolutely short-short It is kept. You will not face any problem.
Let's take a look. The children are saying That you should get it done from the book, madam. Look here beans I already told you. We first I had studied financial accounting. Financial There was nothing in accounting. Simply You Used to record data. same thing I have told you. that is, management accounting, which Yes, that is a new term for you. first thing is Have to remember this. So let's talk about starting Do it. What did accounting mean?
Accounting means that the business What do they have to do with the transaction? To record.
And what do we do on the basis of that record?
Were? Used to give results. Meaning of accounting What was it? Whatever data you have given To record. And what about the recorded data?
to do? Giving results including profit and loss And we used to prepare the balance sheet. Ok? But Where was all this work of ours? Finance In accounting. But Management Accounting which Hey management, we will talk about it here.
What happened inside the management? Some?
Your technique is scientific, it is yours.
It developed and then both those terms became yours.
Went. So here management and accounting are one What will remain for others? Near. Brother If both management and accounting are available What have you become? Management accounting became.
So here it's simple, nothing.
Which I have already told you. So What is done in accounting? Who The information that is generated is analyzed.
Or it is interpreted in this manner.
What is an invasion? to interpret So that the management activity that is May it be good for you and you can do it on that basis.
What can you do, can you take a decision? So this is what I I already told you. something like this in Not there. Then what did it say that the management It has given many terms to accounting.
Gave. What were the many names he gave? have given To you. That's your briefing. Brother, you have to It will be useful for. [Laughter] Yes, it will happen together, Anju.
There is also a PPT. PPT and both of them to you It will be uploaded. So he should be tension free For your revision so that you can prepare well at the time of paper But those children who are not making notes fast I can revise the tag and there is nothing else.
In that. Come on, come. After this it is now Many terms of management accounting Like brother, it is a simple matter that your family members Named him Ram. Ok? Now brother, who is at home There is a tradition of naming according to the horoscope.
Gave. Now we are little kids at home too.
He is called by different names like Golu Polu Are. So those names mean management.
We have many names of accounting.
Given. So as we read there Same inside the management oriented slide It is true that although management accounting Yes, that is a very broad word. But its What terminology did we use for this?
Is? Management oriented accountants also speak Can. Management Accountancy can also be called Can. But accounting is wasted.
Or accounting? Comment to everyone.
Is it accountancy waste or accounting waste?
Is? I will tell you quickly. and management of Also for accounting i.e. accounting for management You can also say it. So we used three terms Curry. What were the terms? First Management Oriented Accounting. what would be oriented Is? Related to that. Then what did we say?
Accountancy. Because accounting is That is a small word. And what about accountancy?
It happens? Vast is yours, all the rules are yours Regulations that define So this will be your accountancy.
Because what will happen to the management in this All the rules, regulations, techniques etc. If we study different techniques then all of them It will come to you, then what name should you give it?
Given Accounting for Management, these three There are three terms brother, I used three terms for this.
Accountancy oriented, rest same And what came third, accounting for You can see the management that you like.
There's not much to take here I told you the same thing and nothing else.
Do it from here. So this is the simple thing. so the same It has told that this is your word, your Will be used. of Accounting Management To know the information and its uses, First of all, what did he say, why do you do it?
Are? It's the same thing all over again. You You use accounting to make decisions For. So that's it. Just like this you You present it so that they can take a decision.
May I help you. So simply we define Management Oriented Accounting will do it or Management Accounting for Management What will you say brother, accounting for management or Accounting for Management Because that brother's data is used Is. Then what did he say about accounting?
Basically the term that is used is Remember this, this daughter, brother, What did you say about Management Accountancy?
Use words according to their priority What does it say that this is your accounting?
This happens, I already told you.
What is the term accounting?
It is a little narrow in comparison to Whose accounting is that why he just This is what I told you about Management Accounting That's the terminology you should use, brother.
Yes, everyone gave their bit and in the end The conclusion was that you should manage Accounting words have to be used. So simple Conclude: May I talk to you about terminology?
If he did it then he used three words. Three Use the word. A oriented accounting, Second is Management Accounting and third is what Is? Management. Accounting for Management.
And the final conclusion is that What word should we use for this?
You have to use management accounting.
That's it. There is nothing more to do than this.
After this let us come to the meaning. Meaning I have already told you. tell me now What will be the meaning according to you?
What will happen All right now, good afternoon Pooja Verma ji very good afternoon tell me quickly Okay Manisha Yadav will put it now, that's why No, I did it, I will do it through serial.
So that if you put it later then it will I will put it serial wise whichever class it is.
If there is a number, you can do it, otherwise accounting will be done.
Ratio has also been financial The statement has also been made that all these are yours.
I have it already recorded But still I don't want any child Here's what madam recorded.
Come here, we'll talk management.
Accounting. Now it's ours brother, true meaning It has started. Just remember this much We started in 1950 and who did?
The Americans who were Anglos did this the most Earlier I used management accounting.
Three terms are used for this.
Accounting is Management for Accounting.
One was business oriented and one was accounting oriented.
Was. What did we finally judge?
Management Accounting. Use this. Now!
You had to read this much till now. Now let's talk Its meaning is already described I have already said that it is made up of two words. First What happens to us? Management and other What happens? Accounting. Management Accounting. What I mean by simple management is What did he tell you? already told Am. That is, that point of management It's from View. That means manage managerial here But what happened to him? Managerial. what did you say?
He used managerial. That means here Who are you talking to? talk to management Used to be. that is, managerial activity that Is it a managerial word, what is it used for?
Does it happen brother? used for management Is. And in other words, what should we do?
Whatever work is done within the planning That means planning is also included in management.
So what did it do here in other words spoke? Management functions, planning I did all the organizing. This has Rather, something has been given. I told you all Have given. So you are planning, You are directing, controlling There are. This all comes inside you.
Are? come into management and The arrangement to be made from the point of view is here But what will happen brother, you do all these things Are you arranging, planning, organizing?
Staffing is the system that arranges all these tasks.
Are you waiting for us, what will happen, managerial or Then whatever is managerial will be told to you.
Your management will tell you this.
Just remember, there's nothing much to do and then We were talking about accounting.
Accounting, I had already told you that whatever you Recording financial statements All the things that are recorded are comes in that you show it in such a way that Any person can understand it easily. Now we Let us conclude it. So the management five functions, their arrangement and What will happen? That data is stored in accounting To record. Now compile both.
Will give it here. So this is how the accounting method What will happen in me? That means who are we talking about?
Were you living? Did accounting. So that is what you Whatever technique you are using What will that become of you for recording?
Management Accounting. Or simply I told you Told more that there is no need to do anything Not there. which I gave you a definition Doing that will be more than enough. Ok?
All accounting information that management Just look for the management that provides Here I simply give you one line at the end.
Granted, you can do that too. See that form of accounting system or The techniques are called management accounting.
which helps the management in relation to the business.
What did all that accounting information say?
Talking about accounting and management all the accounting information of provides management functions Planning Organizing Staffing Directing and controlling help in doing this.
What will we say to the management?
If you call it accounting then it will be so much There is already no need to enter I told you, now we have to do it.
I have already made it clear to you there.
I did it in this short PPT.
I also told you what is happening now.
We will talk about features, features, features First we will talk about what will happen in What will be the special features, you will do it No?
ok now ok everyone's Absolutely Kiran, it's okay, just these three or four things.
Remember there's still more to it No, you will start reading this, I have said all this It is given in that PPT, in that PPT If you see this, you will have no doubt.
I have cleared everything in this as well.
It's not so much that you start getting into it, brother.
I wanted to read these two or four things here.
I had to read the 1950 one and then I told you Management Oriented Accounting and What is the one that came to us last?
Management Accounting which is our subject That's the name I used for it. this its The definition was also explained. This is a concern In which you use accounting information yes. For whom? Brother, your management work You use it for. That's it. Its Later we have to do the features or nature.
It has been given in a very simple manner. First it It has been said that management accounting is You have your size and you have your art.
How is the size determined? Meaning of size I had said it earlier also. A lot of it in Techniques or tools you use He will tell you to use formulas etc. Let's go. As we calculate the PV ratio, Let's calculate the BEP points. And when we talk In what should I do it? In art. Meaning of art What was it? That you have the art of doing any work.
So what will happen here? These things when you If you do it, you will have to take personal decisions.
Will fall. So what will happen to us?
It is both science and art. Beans. after this It has been told that from the counting service book only I will get it done. I don't know why I don't I am feeling satisfied. Let's go first of all The same thing was there, if we talk about features then this What is it, you have science as well as art.
How are science and art? First of all we What did you say about management accounting?
Facts are collected in it. What Will it be done? systematically you collect You write after doing it. So that's what's different here.
You can do things based on formula or technique.
Do you. So what did you say to him?
Science. And what is art? from others Getting the work done or doing the work ourselves is what we need.
It happens? Art. So simple for art You have to remember that whenever you work in If you do, then here you will get a personal point of Organization also has to use view In. Ok? So what did you do to it Will you go? Art also. So overall you get the same This is something to remember. Not too deep Know what management accounting is You have both art and science. What? Art And science is both. Simple. The second one is brother Accounting Services. of accounting services What does it mean? Brother, this is the information that will be It will be for all levels and it The information can also be of financial nature.
and can also be of non-financial nature Is. It should also be of a financial nature and of non-financial nature Because what we did was financial in the account that we only use that data records that are financial in nature It happens to be. But not here, here Look, management accounting is management.
brother what happens to his accounting Services that is, brother records for that Will do the work of data counting service It does this and for this, different management Different for level Top level Middle level Lower level means that for all levels makes information available and Information that is financial and non-financial Why will the financials be of both natures?
Because you have to take decisions and decisions Management to keep your business running well Why are we reading this simple thing inside?
Are? I will tell you in one line.
The purpose of studying management accounting is to Because we run our business well want to run and for that we have to take decision Will have to take it. Policies will have to be made and they All the decisions or policies that we On whose basis will they make it? That yours’ You will have the information that you have recorded in your data.
It must have been done on its basis. So the same thing It is in it. in Management Accounting. We Will do management work. to take a decision their work and the accounting data that I have recorded it on its base for you Will go. So this is management.
Accounting. So the decision is the same here brother.
This is not necessary to take. like we Said that there was a teacher. We said 50,000.
That was his salary. So in the finance account We only recorded 50,000. But This thing will also be important in management that Brother, that teacher taught very well.
Because this will affect your children.
Because if you don't hire good teachers Children will not enroll with you. So Financial and non-financial Both types of information that you have Will make it available. So what does it do?
What does management accounting do?
For you? Provides accounting services. i.e that for all levels, no matter which one Why should there be no level, what does it matter to you?
Will he? Accounting information available Will get it done. Top level, middle level, lower level.
Ok? And what will be the information available?
Will it happen? There will be all three types. all three types No, it will be of both types. Financial and Non-financial. Then comes the brother Integrated systems. Meaning of integrated What is? I will tell you now. of Integrated It means that which is made up of many things It is made. What exactly will happen? which is a lot of It is made up of things. It is not so that Management is the only subject. brother very Use all your tools, then whatever is yours Management accounting has been created. Brother It is an integration of many subjects.
Where your integration comes into play.
So integration means a lot of Mixing things up. It's the same thing.
Integrated system that manages What is accounting? Integrated There is a system. What will be done in it?
To collect data, analyze to do or to take a decision you Used techniques from different subjects Will go. Ok? Name all the subjects Just give it. So which of these subjects It is a simple matter to take it into management?
Decision. Lots of decisions to make You will use techniques and many others The technique will be of a different subject Will happen. So what will this be called?
It is an integrated system. Ok? Now what Is? Like here we talk about cost Your accounting technique, Marginal costing is absorption There is costing, these techniques will be used.
Finance management is some of its terms which Will be used. Then your statistical Data will be used, economic done Bills will be settled. So it means Brother is made up of many things.
This is the simple thing. Then there is brother more concern With future. Tell me this brother. It is not that this It is related to the past. Finance in the Past The account was historically based. Brother History was recorded. But Remember this for management accounting To whom is it related? For the future.
Because here the past data of yours You can plan your future based on what is available nearby.
Do you maintain records? So you remember this Keep. Meaning, what do you do for the future?
You take decisions. So it is simple. Management Accounting is more than the future.
It is related. Because here there is historical Whatever data is available to you, you can use it.
Will you analyze? You will interpret that means that you will explain it in a simple way and then Brother, you will take the decision. same thing here I have given it. Look what he said here that Accounting is more concerned with the future.
Is. Now what do we do here?
There is historical data. We analyze it Are. Do the interpretation. would have been interpreted Is. Interpreting it now to do. Ok? But the management manages What is accounting and what is its purpose?
It happens? Why do we do it? All this something Why are you reading now? so that we can look forward to the future Can make policy for it. business in the future Can bring a good plan to run it. So Same is the policy for the future Deciding, forecasting, planning Doing, budgeting, this is your objective.
So simply, this is your concern.
With whom? It is related to your future.
Then we talk about more issues on the Nature of element of cost. brother more What will be the focus here?
Like focus will be on cost. Whose Will the focus be on top?
Absolutely. Some of different subjects. Ok No? What is this? Some are different subjects Of. Then we talk about the future.
It will be related. Then we will talk about this Who will focus more on whom? Cost of will focus on the element. It's a simple thing Because the management wants us to The cost should be less and the profit should be more.
Simple. So what is in our hands that we try to reduce the cost or Things we focus on. So what is here will be? The difference we factor in to the total cost I used to divide, didn't we, brother?
Fixed cost divided into fixed And if there is variable cost then in this way Classification is done. So here See Cost in Management Accounting Specialized in the study of elements and their nature There is a role. It's a simple thing. About the cost I will also read it in one line. Ok? And From this point of view, you can calculate the total cost.
You divide, you classify, you fix within cost, within variable cost, Under semi-variable costs. quickly I will tell you what all three are. here They say we study management.
The cost factor should also be taken into account, as element as well and we are going to study it here.
Visually divide it into three parts Yes, cost. A fix which we, your brothers, Make one, make 1000, our fix will be there Factory current. Units per variable As you wish to increase it, it will be yours.
What will happen? There will be change. The variable that will be She will be yours. And what will our third one be?
Brother, some things change and some things don't.
What would that be to a certain extent? Semi-variable.
It then said that management accounting There are many techniques like your Standard costing, marginal costing Is. You use all these here also.
After this, brother, cause and effect analysis.
[sound of clearing throat] What did cause and effect analysis mean?
What did you do in the finance account brother? You Recorded only the data.
What did you do? The data was recorded to We have this much stuff. You didn't see this Why is that? But here the management What will you do in accounting? You see that this Why is this? Like making a budget. of the budget If you know then budgetary is budgetary The system that we studied was a part of this It happens son. What will be in the budget? you this You will see that you have fixed this standard.
This is your actual income and this is your difference.
remained. Okay, right? That is, there was a lack of Whatever remained behind it, what was the reason behind it?
Was? So this is the relation between cause and effect.
It creates. If this happened then why did it happen?
So the focus here will be on management.
In accounting, the reason is above the why.
and effect relationship tells us that our If the sale increased, then due to which reason did it increase or decrease?
What happens in the finance account from which region We have written the data that this year the sales are this much.
This year it's so much, this year it's so much, that's it.
We didn't do anything, we just watched and analyzed.
used to do and here they will take the decision that less What was the reason behind it happening, this is it brother Come and let's talk management.
The account is due to any fact and The effect leaves the emphasis on analysis.
What will be done in the financial account?
By stating the profit and loss amount Leave it. I told you in the financial account I told you there is so much profit and so much loss. thats It. Whereas in management accounting Will it be seen? If there is a loss, then behind the loss What was Reese's? Which of the profits are What were the factors that helped your brother increase profits?
What role did you play in reducing it?
And you will compare different years.
Whatever your scenario of profit and loss is He must be wondering in whom it is growing, in whom All this is happening. Ok? and various Brother of decisions, whatever decision you take, you will take it.
You will also see that whatever you have done differently The decision has been taken based on the financial statement What effect is it having on the above? Come on then this What is ours, what is yours?
Point number seven was that we did it because and It describes the relation of effect. Your brother If you have fever, you take a tablet for fever.
Took. So she got well. So who did it work out?
Brother, you took the tablet. So this is cause and effect.
It is not that I have already told you that You have fever, it's a simple matter, that's our thing.
This is your problem with your finance account.
But how can we sort out the problem?
They will think in whom the management is Okay in accounting, let's go after that brother.
Absolutely, every brother has one question and one thing.
Let me tell you more, last time when your paper was conducted It wasn't very deep to look at the paper.
What are the features and what are the limitations of them?
It will ask which one of these is not Which of these is it, then we have neither We have to leave something behind so we can think about it.
Give. I could do it with that slide if I wanted to.
It was there but I was not satisfied. I this I want my child to learn completely.
But for the paper I have given you those in short I put it there that even if you read it, it will be your work.
will work. All the main things in it I have got it installed. So you will do that thing.
Ok? I'll show you now so you Let us find out. But one thing to note is that when If you have read this then only you will understand.
But if you read it directly then you will understand.
Will not come. You also have to note this thing.
So there is no need to think that this It's easier if I leave. I have told you before I gave an example when my paper was held.
what happened When we were in college [sound of clearing throat] What was that?
There used to be a chapter on financing branch Probably the account holder. So at that time I had a I left a simple question. absolutely It is small and I have read the entire chapter.
Practical theoretical means back and forth which You have those numerical unsolvable problems, right?
I did it too. And I thought it was so easy Madam, what did you see? luck was so bad Brother, I don't remember his method, formula or anything.
If you did not do it then now such a thing when you If you haven't seen it then how will you do it and that Brother, the principal herself used to make us do that.
And that day someone from outside came to that principal's house.
He went and had his meeting with the last 10 A minute passed, then that madam came and said 10 minutes.
I will tell you what you will do and I will be happy that Say something, you have no problem You have to get your full marks.
assignments and other tests that take place and that I said the same thing when I still didn't know.
I mean whenever I get that marksheet Let me see our 10th number internal exam.
Assessment was done. She looked like a number five.
Even now, whenever I see her, she is Only five numbers have been uploaded. He is zero I have given it in my test. So this is the thing Now. So from that day onwards I did not do anything I said I will do everything I can to Give. So consider your luck that your She doesn't support me and after reading everything to me Have to go. End of discussion. Okay, right? Any It's easy. We don't have to think about this for him.
Then after this, let's see brother, our next The rules will remain not peaceful and universal.
Meaning, whatever rules you make, they apply to everyone.
Will be applicable for. Like we managed I read it is the same thing. some here is also no different. of Management Accounting Is the rule completely fixed or Omnipresent means omnipresent Equal to means the same in all places Do not apply. You make modifications What will apply here but with How to plan something somewhere that modification will be? How can it happen anywhere? It is not that Your Physics Physics and Chemistry If it is two then your two will remain two. Meaning Hydrogen will remain your two. Such a fix It doesn't happen. Although the management of There will be technology here, look at the management.
The accounting techniques are the same.
Is. I asked you what would be the method?
The techniques will be the same but using them and extract its conclusions and In presenting every single enterprise that is What will she do according to her needs?
She will make changes in it. Now there is planning I have a plan brother. You will do the same as me Same like this. I might just have a couple I will skip the step. What is my need that I Have to hurry. You will need me to I will do it calmly. So you can choose the right one for your needs.
You can arrange things accordingly.
The technique will remain the same and will not change. so the same Same, your technique is the same.
But every enterprise needs to use in, in concluding or in According to your need to present You can change it. Or your accountant which are different according to their abilities He can make your own rules. Remember to be simple that Rule Not PCS means that sure and Not omnipresent. ensure means Fixed it. There will be no change now. So You can modify this to suit your condition.
According to because it is not practical There is no rule that this will happen. Do you have any math knowledge?
There is no formula that you have to apply only then Yours will come. What is a fix? like he We used to do a 2 b 2 = a² + b² + 2abc There is no such rule. like we are here We used to do the formula of a + b², a² brother, this is it You will have to use it like this. Ok? Not so Is. You felt like it, you moved it forward, backward It's like I did it. Look after this What next? Supply information not available Decision. Now you will have to take the decision yourself.
Because what is this? Management Accounting.
The information will be available to you here. This to you Does not provide decision. decision then Who will have to take it? to the management itself Will have to take it. Absolutely Can Be Changed According to the situation. Absolutely technical Yes, it is the same but you according to your You can change the requirements. come now Go here. What will he do? only you Will make information available. everything to you Brother, it is a simple thing. give you content I will give you the video, I will give you the PDF, I will shorten these and give them to you. You only have to read Will have to. Selection will happen only through your studies.
It's the same thing. Brother, you have all the information.
Will get it. But on its basis, the decision itself will have to take. Don't read much. So Management Accounting, which is your brother What is? Management Accounting What is the important nature? that this is all your Provide you with the necessary information or data Gives. Whatever information is necessary You have the data you require, give it to you Will give. But she doesn't give a decision because Brother, you will have to take the decision.
Based on available information. Now it's straightforward The thing is, I made the content available to you.
Gave. Fitted in your mind. But You will have to make the selection yourself. read Will have to read it. You have to study. so the same Same thing right now. You have to take the decision yourself Will have to. Now the last thing he talks about is achieving.
in the objective of achieving Objectives Prapti is doing everything now, why?
Brother, you are taking decisions without any reason.
It's a simple matter of past experience Why did you join me because I already I am selected because I already have so many If you have given selection to the children, then to me I know what comes from where and how I asked how the children prepared.
If I had got selected after doing this then it was the same simple thing.
that will help you achieve your objectives If it happens then this will also be your objective to achieve.
This will help because the old data is here.
What will happen? Available. So look here Financial or management accounting Accounting information is presented in this way is used so that The objectives or goals of the organization It is easy for you to get and do business.
Efficiency or the ability to do work You tell me, how can that be yours? D It can be improved. So this was our hope So everything is clear to you.
Will happen. So here it has said that the total Management accounting, which is From the perspective of management requirements It is very important and your brother Is sensitive. Sensitive means brother The effect happens quickly. This science and art There are both and based on which you can do Can you? What can you do for your business by taking decisions?
You can drive well. Tell everyone at once Is. There may even be a child who remembers Has not happened. Have to answer quickly. Now!
Once from here we will revise fast method because it is posted for revision Is. So we won't miss anything Needed So what did we read? Management 1950 I will all comment when first.
The word management that was used Management accounting was introduced in the American 1950s.
Who used Anglo, we will also mention this.
Okay, and what did I say after that?
Management plus accounting three terms we What have you used, what have you used Management Oriented Accounting Management for Accounting and Management Accountancy and Management Accounting finally arrived at But then we read about its management.
What will happen in accounting that management The decision is planning, organizing Staffing, Directing, Controlling whats so ever that all the functions well Can do it. Who makes this information available?
Accounting. I will compile both of these So what will it become? Management Accounting.
Now we read the features. First, we feature Read. Now look here, you will enjoy it now.
Now if you do it directly from here then you will get the thing Third, you may not understand much.
It comes. Now I don't know, maybe this is my brother No? This is the problem with this PPT. it What doesn't happen? There is no zoom. My Does it happen with thought? Let's zoom if there was It's great. We'll zoom.
Let's see this Look at this brother Now look, now you will understand first of all.
what was science and art so that you Get to know what is in the PPT and What do we have, come brother, quickly five It will take a minute, the revision will be done, now look at this You should remember these points in the paper and I took it out in every line Diya is first called nature or feature What did we read in? Management is what it is It is both art and science. Why is it?
Because the facts are presented in an organized manner To analyze. What did I say? Very All the tools you use, the techniques you use You do it, you use the formula. That means that to analyze facts What is it called? Our size. But there But what were you doing? personal decision Were using it. You take decisions within the business Was using my own brain to take it.
So what did you say to him? Art. That's it.
What did we say after this? Accounting Services. What was in the accounting service? it Whatever your management levels are, What does it do for? Information available He gets it done. and information in both ways Will happen. How will it be? One is your Of financial nature, how will the second one be? Non Of financial nature. Come on the third thing Integrated systems. Integrated Systems Why did you say that? Because brother, this is what It is made by compiling different subjects.
So what did you say? Any technique you make Yes, whatever you do, all the subjects is integrated. like us Use different techniques. cost of You use financial accounting You do it, you use the stat key. So simple C is integration of different subjects.
After this comes what is this? Future Is oriented. Why is it future oriented?
Because the data you have in the past future by using the data that was available You make plans, you make policies, Do decision making, forecasting yes. For whom does everything happen? Future's For. So that's what your historical data is.
What do you do using it? forecasting It is done. And what happened to you last?
Selective nature.
[sound of clearing throat] The only important decision is that presents the decision making It is necessary for. So maybe take a look at this too There will be two extras. So selective in nature What does it mean? that you showed the same thing which is for you to take your decision What will happen? It will definitely be yours. After this, if What did it focus on now? quickly I will tell you. What did you focus on?
Here's a little something for you, I'll enlarge the font.
I did it. Now come brother to the next one.
What now? Immise on cost element. These What was he used to doing? Focus on the element of cost used to do. And it reduced the cost in three ways It was divided. What? Fixed variables and Semi-variable. So he told the same thing.
Gave. What did he do after this? Coz End It describes the effect relation. That is, finance What was in the account was just that your presented the data that your so much There is profit, there is so much loss. But when we talk I was doing management accounting What did management accounting say?
If this profit has happened then why has it happened?
If the sales have increased then why have they increased? i.e That talks about the reason. So you will remember There is a cause and effect relationship. If you have a fever It will be fine with a tablet. So those things.
What next? Rules are not universal.
Brother, the rules are made by you. One is precious No, that means it is not fixed. You them You can modify it and what else is there?
Not universal. Because you make it You could have changed it according to your need.
It is not specific that you need to calculate a + b.
There is a formula. This formula of whole square So this will be applicable everywhere. Not every An organization according to its Can change a little bit. So management The accounting rules are completely They are not fixed or universal. You What can you do according to your need?
You can change it. What does she do after this?
Is? Supplying information. to the decision Does not supply. So remember that This is your data only for the management.
Makes it available. The final decision is what Does not make it available to you. on the basis of information You will have to take the decision yourself. than we Let's achieve the objective. Because What did I say? What are you doing based on your past?
Can you do it? You have data available.
Now we know that in this subject That much was asked. So much in this subject Was asked. This thing can be asked. These Not a thing. What can we do based on that?
Are? we can collect data and You can prepare so that your target May you achieve well. Good post to you.
the beans are here because here you have If things are available then you can take better decisions.
You will get better decisions and target You will achieve it. So what is this about you Will you do it? Your efficiency in improves and gives the organization your What will you do to achieve your objective? Help It does yours. Once all the children will tell Is everything clear to everyone or not?
[coughing sound] What happened? Don't you want to study now?
What happens to everyone, may they get this, read it.
You don't have to work hard, that's all If I wanted, I would not only see this PPT here I could have got it done too, but the more I focused, the better I became.
I am doing it, you guys are not doing it Move on and take as much as you can for granted.
This will not cause any problem in the paper.
See how many children are live.
If you are not interested then You could have done it directly from here. I have all Things are available. You have to see it now. These Where will it help you and where will it not?
Then you will have trouble.
A child says get it done in detail.
The other one says, Madam, get it done short. Now we Let's talk about scope. scope of Management Accounting. Scope of Management What is the meaning of accounting? who in this Which things will you read and which Things you won't read.
Clear Ma'am You do your work. Absolutely. But still This is what happens, why work hard now?
Then brother, let me get this done in short. Now I have taken all these things out in short So that it takes less of my time. Then you say this Yes, madam, get it done from there also. from there too Get it done. Get it done from there also. are you doing something No. It hurts a little bit right now. come now Go over the scope. There is nothing in the scope.
Right now it is a simple matter that What all things will we read inside it? So Management accounting is a new aspect of your life.
You already know this approach. Its What will be the area? quite wide will be. The business activity that is in it You will talk on all aspects. Present K above, above the past all these things and Based on their analysis, we will predict the future.
What will you do for it? You do the forecasting.
Ok? from this point of view or from the perspective of management accounting I cover all those subjects or techniques which is included in the management in planning, decision making, controlling What do you do? Let us help you. That means that Which helps you in planning functions We do. So, if we talk about the overall within the field of management accounting These things are read by you. It is simple The same subjects that we had, brother.
What is included in management accounting?
Will you read something? First we will study finance.
Account. Finance account because what do we Would you like it? Data and how will you need data?
What if I get it done my way, brother?
I will tell you [sound of clearing throat] Now simply you If I get it done through PPT then you will have this These are getting short, madam, I don't understand.
If I stay and get it done from here then you will not be able to do it.
are. Come on, first things first FinancialCounting. What will happen here?
The point of financial accounting is that you Management will have to study financial accounts There is nothing else in accounting. So What is meant by financial accounting?
It is done through general accounting in which we Do you read? Income and expenditure, stock or cash receipt payment, asset or The accounts we create related to the liabilities Let us re-evaluate them. So this We all read inside whom? Finance In accounting. And that's all we manage.
Will use it in accounting also. Ok?
What do we do based on these articles?
You make a different statement and the same In which statement do you use it? Decision To take. So you will remember the financing that He works for the foundation. whose work Does it? Financing is what management is.
Decision making in accounting It serves as the foundation for the foundation.
The second one is also cost accounting. cost How to study accounting? We just discussed I did it because what is inside it, we cost Divide it into different parts.
So the second part will remain the same. cost Accounting is also a part of management.
It is an important part. That means it is important Because there are many aspects of cost accounting.
As we will study standard costing Here we will read the first costing, We will study marginal costing. of all these What do we do on Basis? Management You make a lot of decisions for accounting.
You take it. We will study all these costs.
in accounting. Then comes your buzzsaw.
and forecasting. budget which is busting and We read forecasting. because we What will you make in it now? will make a budget Different-different. And then in the buzzing What will happen? You can guess for the future had been. Budget What is budgeting?
Forecast about the future in quantitative Term. You thought the sale would be this much. So You are collecting data for the future.
You are not showing any data. So the beans are here.
That you are busting. What will be the busting?
Enterprise for a Fixed Time in the Future What have you done for? Different you What was the budget of the department? You sold Made for the department, purchase Cash made for the department Made for the department. For sale How was it made? that in future our sales will be so much will be. So I thought about the future It's the same thing. One of the future busting There is a fixed period for a fixed period That this much sale will happen within this year.
of the enterprise and its different departments For the purchase or sales department, you Is it planning, policy or whatever your target is?
It is kept in the form of data. you kept Not that there will be a sale of Rs 2 lakh. So the data means As you have presented the data And as soon as the time period is over, whatever you I had thought about it and what would I have done with it in reality?
If you compare it, what will it be?
you compare and then what if he That's right, it's better than you thought.
So the situation is good, if not then there is a reason If the relation of effect comes then it is the same You will measure the efficiency if it is coming out equal Or is it coming in more means there is benefit or You will see that there is a loss, whatever the forecast is.
That is in keeping with past trends and Whatever information you have present It will be available on the basis of the past Accounting for the present situation for both Merging and forecasting for the future It is ours. And what is forecasting?
Is? Forecasting is a decision. Whereas What does forecast mean? Estimate Placement And what is a budget? you him In the quantity form, you show that the sale It will be this much. That's the thing. While the budget which What else are the objectives of that organization?
It happens? What does this tell? Your It tells the objective and both of these From your planning point of view What will be there for management accounting?
It will be important for you. After this, brother Inventory control. Inventory Control Key We had studied the technique. Tell Inventory What will be in control?
[sound of clearing throat] Absolutely. Come on brother. What did we read then?
Inventory control. In inventory control What is? Brother, are you looking at the stock?
Stocks are rising and falling. what thing It is happening to you. Okay, right? which you Were you issuing stock? IFO LFFO FIFO Method We had read all these. So the same thing It's here. And here we also read one Tha Economic Order Point Eo Q i.e. When to order what you need to order cheaper Fell. Remember or not? What was Eau Que? Yours What are ordering costs and carrying costs?
Should I go? It may come to minimum or equal. There But you order. A reorder point You order it or you will have the things.
It will end and you will face problems. So That was the reorder point. It's the same thing.
To maintain the efficiency of the enterprise Stock control is also your It is an important technique. And for this What do we read? Eau Que Economic Order Quantity. Everyone will remember. here What are ordering costs and carrying costs?
Is it done? is minimized. And Second, what did we read? Reorder Point The point where your stock runs out Going to do. I gave an example of the kitchen.
that you have a week's supply at home and you I know it will end after this. So you already You give orders that these things should end.
It is about to happen. So that reorder point minimum level It should not be less than this. maximum level It should not be more than this. So all these You make the decision and for all these What's everyone up to? Management Accountant Which is useful information to the management This useful information will give you nothing else.
Is. After this there is reporting now. Report It will happen in two ways. What will happen to you one Business needs management To run. I need an outsider To. So both types of reporting here We will study. See management here.
Reporting is also a part of accounting.
Your fact will be important. here What do you say? This work is on two levels is done. How about on two levels? Such as Management to run internal systems and transmit information to external systems What will be done? The Outsider Party Your information will be available to them.
Why was the infection given inside the internal system?
She goes? So that your business is yours Keep running smoothly. Ok? So you Made things available to you from time to time She goes. Session Continuously Notifications It is made available to you. moreover Performance details that remain unchanged even after a certain period They are placed before the management. Brother Even after the time period is over What were the things, what was the result?
is also placed in front. and that which is external Internally, you will remember the internally ingoing You will also be given information and account Even after completion, the information is available in both ways.
Information will be available. But outside Only for those who are final Only those accounts are available to you.
Will remain. Ok? So that's it. While its These are ours for an additional fixed period.
Went. While we talk about outsiders for external systems for Your financial accounting alone Whatever is there is available to you. whatever You are the one who has to decide whether to invest the money If you don't want to apply it, what should you do, it is up to you.
He does it on base. So many large companies that Mostly everyone is aware of the progress of their work.
Companies still do it quarterly or Then brother, what happens to you after 6 months?
Whatever is inside, they started publishing their reports.
So what is there in reporting, it is a simple matter.
You will be given a report on internal and to both external and internal management so that He can do the job well and he has Using both published and unpublished data Can. Publish means that your final account and unpublish means which is internal Your things are going on, they are ongoing.
Information about and external What happened that the outside party threw you out?
The outside party needs and For them only and only publish your Documents are available. coming up next Bh Interpretation of Data. of interpretation What does it mean? Interpretation in this way Do it so that everyone understands. It's not that you Write it separately in such a way that it is incomprehensible.
Come. Like I made that PPT, it was simple These are short enough that you will read each line.
You will clear the exam. Sarah No need to read. It is simple and I will give you a short explanation of what is happening here.
It is given in detail. This is what it said preparation of financial statements along with their You are fine. You're creating accounts, that's great.
Is. But brother, I made a good PPT.
The thing is. But there are ways to present it too.
from whom should I do it and their interpretation also It is important. Making it is a different thing. Value I took it and made notes. But his The explanation should also be easy. So that He has said the thing. So what does this say?
Management through Interpretation accounting, which is management accountant That is the financial statement in simple form I said it should be easy to understand.
Needed Effort to present simply We do. Ok? and the interpretation which is The more correct the decision, the better it will be.
Will it be? Excellent. Because when yours is now mine The better the way of explaining, the better the PPT.
Whatever I have decided, I will keep things as much as possible.
The easier it is, the easier it will be for you to study.
You will get it and you will be able to take the selection so simple The point is the same, the better the explanation The easier it is, the easier it will be for you.
After this comes cost and statistics.
The speed is fine brother, the speed is not too much.
tell me once Good afternoon Anju Routine is of routine nature and will be special That special one will appear in the report again.
Now!
Look after this Interpretation of data is ours There is a cost, tell me the speed brother, it is not much or less There should be no or there should be too much It should not be less, it should be like this that you understand in cost or statistics Look inside management accounting which is your They have different methods of cost control.
You use it too. So this is what is said Cost or static in management accounting We use different tools that are available.
Are. That's it. Ok? moreover Supplementary to different departments Providing statistics and analytical services It is done. So he is simple now brother What is supplementary? complementary means As we read it, complimentary The goods are the same that this information is given to them Will help them in doing their work. Helping It will be like a hand. So cost or static which It is a technique that you use, management Inside Accounting. After this comes the tax Accounting. Brother, tax accounting is what it is.
There is scope too. Understand the meaning of scope.
What does scope mean? ok ma'am I'll get used to it, ma'am. Now the speed is now the speed. Now Look what it is now? Tax accounting. Coast What did I tell you here?
It is supplementary, right? reading this scope Are. Now scope means inside it What things will be read? what-what Will things come? Did you understand? Potato and cabbage Vegetables like potatoes and cabbage come in, salt, Chillies, tomatoes, onions, whatever comes.
Same thing here that when brother gets your What if you study management accounting?
What things will you read about? So that We have read everything. coming up next Tax accounting. Taxes in the Present Time Planning is an important part Is. You know, to avoid taxes.
Now let me come to a simple matter. Now I know I know that taxes can be imposed on me at any time.
What can I do to avoid that tax?
I am not getting it done through the app.
What can I get done directly? Payment Got it transferred to another account. I brother's Got it transferred to my mother's account I got it done. What will happen to that total I don't have that many transactions in my account.
Will be visible. So those things, that is, I Took advantage for. So that's what he said, Tax accounting is essential because Tax planning in the present time It is necessary. So this is also management accounting.
What happens to it? It will be an important part.
What is included in this is income, production Yes, there is a cell. Prepare all these details Will go. Because brother, there is tax on the sale.
Seems like Tax is levied on income. Correct Is? Tell me what kind of tax is levied on the sale.
And how about the income? Direct and I have to tell you only two indirect words.
Ok? Calculation of tax or on time Tax payment is included. So brother, tax Accounting: If you follow this then only you What can you do brother? You will be able to pay taxes.
You will be able to calculate it timely. Its The next is internal auditing. internal auditing Do you remember what everyone had? Internal auditing was that there is some fraud or scam in the business.
It may not be happening. You would hire an auditor for this.
And for that the same CA qualification was required.
There was no need to be. He is like the rest Just like he was an employee, he would also be an auditor.
I used to get salary. So it's the same thing. internal What was auditing done for? between To prevent disruption so that your business Whatever is there should continue smoothly. So the same thing Is. Making internal controlling effective Arranged for internal auditing She goes. You all know it. Ok?
What will happen in this? different department which or the work performance of the officers What will happen? Check the work is done correctly To do it or not to do it? No fishy scam So don't do it. This is also management accounting.
Will be used inside. Because management What is in accounting? We think this That everything is great. Management Accounting What's in it to keep your business running smoothly?
And what have we done to keep the business running smoothly?
Did you do it? Internal control and control Whose part is it to control? Management Of. And what is needed for control?
Internal auditing. Because where the mess is He will be caught. If caught, There will be control. And whose part is the control?
of Management Accounting. After this, brother Our office service. in some conditions Arrangements for office services are also made by many brothers.
The bar will be such that office services are available What will happen if it has to be done? above income Direct and sales will be exactly above the income What will be the indirect GST on Which tax was it introduced to abolish?
Quickly tell For indirect or for direct Brother, I want to tell you quickly what GST has been introduced.
Which tax was it to abolish?
I brought it, now come brother, this is a simple matter.
There are some office services which they also have Arrangement Management Accounting Accountant It does what it has and this includes your Will your work of data processing come?
The work of managing data will come okay Whatever is yours, it will remain yours. With this Whatever machine you use in the office Their utility will also be analyzed.
will be included within the service. Ok? So this He will also use machines. Even after this Simplifi Specific Techniques of Accounting. Brother, something You will also read about your specific technique.
will also come under management. So in the field of management accounting planning is the same planning decision and controlling from its point of view Some special techniques of accounting are also known.
This is what we will study in management. As He has said what happened to decision accounting?
Decision Accounting, Control Accounting, Responsibility, Responsibility Center How many were there? Have to tell everyone. Is it okay now?
Department Accounting, Revaluation Accounting, all this is also included in it Will go. These were our scopes. What were you doing brother?
I will tell you the scope quickly, now it is clear We will go to the function later, tell us quickly.
Is it clear now or not?
[nasal sound] Eliminate indirect text altogether For To eliminate indirect ticks We used GST. So first of all we Let's talk about what we read in Scope?
First of all we will talk brother. See Now let us do 5 minutes of revision. So What things will be included in the revision?
First of all we studied Finance Account What things did we do, comment quickly.
What were the things that we did for revision?
I am doing it so that you don't have to do this.
Was left. First we read about financing.
What do we study in management accounting?
Are? Income. Reading some parts of financing Are. What did we read in it? Income and Expense, Stock, Inventory We did the valuation. Ok? Cash receipt, asset or liability The accounts are of management accounting Works as a foundation. because I What did you say? Finance Accounting is the Base Foundation of Management Accounting. all these You must have created the accounts and these accounts will be there Will be used to take decisions. Then what we did? Cost Accounting.
Different techniques of cost accounting like that is standard costing, marginal There is costing, must control controlling this We use all the techniques that are available. Correct Is? Important information through Whatever is there is available. You brother cost You will use different techniques and its help What will you have from it? This is when you use If you do it, with its help you Tell me what will be the benefit?
This technique you will use will benefit from it What will happen? This will benefit the child Brother, you have important information available.
Will go. Then what was left? Bust Your Forecasting. So what's in the bust here?
Was? Forecast means future guess. And what does budget mean? You The target was set. Then you set the target You will give it for the future and brother, give it to him actually.
You will compare and then do the same things If you have a future planning policy The goal is to anticipate and The best way to measure efficiency What is budgeting or forecasting?
Do it because you decide in advance then Look at the actual situation and see where you are missing.
forecasting is the same thing, which is a If you ask what is the decision and what is the budgeting When you go, remember what your forecast is.
The decision is what you estimated and budgeted.
Is? Your target is that you have made a sale or whatever Your target for the sales department is this much.
Fixed it. Then there's the inventory.
Control. Inside Inventory Control We studied different techniques in which we used EO Q read. What was in Eau Que? Economic Order quantity where carrying cost and What are both ordering costs?
Minimum. What did we read then? Reorder Point is that you already reorder later I had problems. Minimum level, maximum Level. What do we read about all this?
You will have to study within management.
Then what will come next in management accounting?
after? After this it was our turn to study all four After this, the fifth point was reporting and What did we read for reporting?
I also read in the reporting that one of your internal Reports will be needed for the system that is in place and What will happen to your external system?
You will need reporting for this. internal What will remain for the system? internal system That is, the management should consider itself The information you need is yours She will come inside. So what is there here? internal Continuity management in the system Give. And what will happen in the external? Too You are available to those outside your party.
and what is that published data in which Your annual or quarterly or whatever you data You publish the final account, that one.
Will go. Next is interpretation of data.
What did I say in the interpretation? accounts Making is not art. him in this way Present it so that everyone can understand. So That is, whatever data you have, this way presents it so that everyone can use it By doing this you can take good decisions. So simplify financial statements Presenting and explaining. Ok?
The more accurate the interpretation, the better our decision will be.
Whatever happens will be just as good. this thing We had discussed it. After this it is now What was Cost and Static saying?
Many of our cost or static key tools are also available.
I have used it. What have you done? Cost or Static key tool has also been used. And that Whose method was it working in?
Cost control of supplementary static You have used a lot of static techniques for this.
Have used it. And all those tools are yours Was it working properly? a supplementary That means she was making a supplement. Methods of Supplementation Was working from. Your helping hand was In analyzing. After this comes brother tax Accounting. And what we said was Tax accounting is also included in management It is taught. Because what do you do?
You decide that your tax is coming down.
Yes, whatever is coming in excess. So here I told you there is income, production Yes, there is a cell. Prepare this statement. Correct Is? and tax which is your tax liability, Calculating it and paying tax timely Planning and what to do with it? Payment to do. So, this thing will also remain ours. Its Later came our internal auditing brother.
What was there in internal auditing brother? internal In auditing, it was remembered that the business Have to control. to control What do you have to do? Look what we Have to do it? Management. What is in management will be? Controlling. and for controlling What is necessary? Our internal auditing.
What will remain? Internal auditing will be yours.
Making internal controls effective And the performance of your officers Good brother, is he doing the right thing or not?
doing or investigating. Brother, he who Did the job, did the right thing, didn't do it for him What we needed was an internal auditor.
Told about this to another employee Having a CA degree works just like It is not necessary that he sees that in business The things that are going on within the year are fine Aren't things going well?
If there is any scam going on then All that work will be done internally.
auditing and what they're doing so that Control and control are part of Regarding management, here we have basically I read what will happen to us after this in the office Services brother, this also works for your office.
The poor guy helps us anyway What does the office do? Data Does the processing work. and the machines etc. you are using, analyze that too Does. Analyzes its utility How long will it last, how long will it last It won't work. So who is this your job?
Does he make it available? which your management There is an accountant, who gets it done? Who A management accountant is your Will remain. Remembering data in Office Services processing work or office work The machine is an analysis of its utility.
Who does that? Management Accountant's It is under your control. And what did we do next?
Said? That's your specific technique. Brother We also use a lot of techniques.
The responsibility we read in this Is. So it says that you are who you are There are many techniques in management.
You will also use this. So what is that technique?
Which one will it be? What have we read in this Responsibility accounting is. Three ways Can you tell me which centres are there?
Revaluation is accounting. So controlling It is technical. Responsibility. So all these There is decision making. All these techniques also Ours will be used. This was our brother Technique. What were they? There was scope. We have all these What to read? Scope that we have in management Have to study inside accounting. Once Will you tell everyone whether it is clear or not?
[coughing sound] Good afternoon brother, you are very late.
It got crooked After this we will study function or objective Tell me quickly brother, is there any benefit of PPT?
or should not be made or should not be made We had three types of centres, I want to tell you Is there any benefit of all three PPTs or Now you will be able to see the short revision also.
I am getting you complete as well.
Getting it done and also short revision so that You should know both short term revision It's going along with you so you know How much of this remains to be read. I have every We try to provide you with the best content.
meet. Brother, what more can I tell you than this?
Do you feel there is any benefit in making a PPT?
Absolutely. Cost, Profit and Investment Center three will be yours. Remember those three Now what do we have three of? Center.
The Responsibility Center is our three There are. Responsibility Center which is We have three. Cost, profit And what will be the third one? Investment.
This question came from you Or the book seller will do the job. Any There is no need to work hard.
After this, now next is our functions.
or what should we say objective okay Functions means two types of functions Brother, what do you have? There are two types of functions.
One is your operative function and the other is your What is the theoretical function of two types one is an operative function and the other is Is your theoretical function operating?
What are I up to, brother?
[coughing sound] What are the functions inside the operating system?
Are there?
Firstly our operating function [sound of clearing throat] Give me two from the Karwa book, ma'am, this is exam time.
Be helpful Meaning food is everything. not a little work Will work.
What is? Actually, there was a name right now.
Is your name Ajay? I don't know about that boy My name is Sandeep. He said, isn't it madam?
You get it done in short brother. Don't get it completed.
Now when I am getting it done in short then you You are saying get it completed. Now what am I Should I do the session?
After this is the function or objective.
Remembering the Function of Management Accounting or Objective of Management Accounting.
What is there? There are two ways of working. What Is it there now? What is the work? So management Accounting work is divided into two main parts.
Has divided. A brother operative. of the operator Do you understand the meaning? to run the business Which is necessary. Ok? And what about the other one It happens? Principle. The principles that have been formed.
What else is operating? Theoretical. Both The methods will be yours. In operating What will happen?
First of all we have been given operating Function. What have you given? Operating function.
Which ones will remain in operation?
First of all, what are we reading now?
Whose objective are you studying?
Management Accounting or what should we say Can function be a function or an objective?
There will be two types of functions, operative functions And what other theoretical operatives will remain function our first we are studying what did you say in the operating function brother What will basically happen here in management What does the operation mean if it is work related?
Management accounting is the work that happens.
Which is management accounting financial or Management of accounting data in the function It is used. You know the managerial What will happen inside accounting is that whatever financial data or accounting data Data is used for management purposes Will be done. Planning, organization, Staffing, directing, controlling all of these Will be used for. from this point of view Data means your statistics, data Say it, you can say anything. Ok? For them What will be done? in a systematic manner To collect. Ok? What will happen first?
It is important to collect and analyze. And What is this process housed in?
will be placed inside the operating room. Ok? So What things will you include here?
Look, let me say something simple.
There are two types of management functions.
Operating function, theoretical function.
What did you study in the operating room? We What did we learn when we read the definition of management?
Had read? Management Accounting We read the definition, we read that whatever is yours You have done the accounting, that is, of the data You use the data you record Planning in management work Organizing, Staffing, Directing Controlling is a simple matter which is based on data.
The data you record should be used What will you do that data should be good It must be so, he has said the same thing.
what can that data do in a good way kept, collected, analyzed so that you can do what you can to manage it Now you can use all those functions at work.
Whatever work will be related to whom? of that data From collection, from analysis, all those are yours Whose will they come in? of the operative function Will come inside. Inside whom? operative will come inside the function. So look which ones Which ones will be yours? First of all brother data To record the. What to do? Recording Off data. What will come? Recording Off Data. You already know how to record data.
This is your most important work. Business Recording the transaction. recording Whose job is it to record the records?
Is? Of the accounts department. So that's what it He said, whose main job is this?
Is? Of the accounts department. So the first task What is ours? Recording of data.
All business transactions that took place Recorded all transactions that took place goes. So the base will be your work.
What does the data say inside the starting It is kept in its original form. B I kept you as you are. in which the What is it brother? What does original origin mean? B Your original quality should be visible. Like we book I am studying from. I also made a PPT for you.
Made. But what did you say, Madam?
Teach me from the book. because reading from a book You find that things are better You will understand because you are their habitual.
You have already been reading from books since childhood.
But it has become a modern trend, so we I also used PPT. what did you do there There is only conclusion for you.
It is not a detail, it is a conclusion. Paper Time So that you can revise on fast track. So It's the same thing as books in business.
Is there anything inside that is like our original?
It is what you have to read. So I said here To record business transactions This is the work of the accounting department. And The data that will be yours here in the beginning It will be kept in its original form so that The original quality should remain in it. Later What will be done with this data? Different classified into parts or You will classify everything and write it down and this What do you do on base? Analyze your report You prepare it. And this is your report.
Who does that work for in management action?
Will you do it? Management's action to take a decision for or to take action This will form the basis of information for tell me also Did you understand one thing or not? So first what did we do? Recorded the data.
Whose job is it to record the data? Whose Is it brother? Of the accounts department. First of all The original data is written as it is.
so that you can verify. Original Original. Like now we put that in the estate That is what happens, if you raise an objection then you You follow NCERT books because others A little less in the book makes more It is the same thing, its original form Stay first, you will keep the original form later.
We analyzed it and made a PPT like I did.
That PPT made from this data is separate.
It was not made but I put some menam things in it.
That's why this data is stored in different forms.
than you classified and him brother You have classified everything and written it down and What did you do on the base? By analyzing The report was prepared and this report Which PPT will be useful for you?
For your revision at the time of the paper. You Even if you are not making notes, your PPT This will do the job. It's the same thing. here Your information for management action Whatever is there, it will make it available to you. Now easily From this you will be able to take decisions. coming up next Validating the data. Validating.
What does validating mean brother?
To validate. Tell me brother, validating the Data.
There are all kinds of children. Yes, what do you say Can you?
There is still so much time, so still a shortcut Why?
Brother, there is no problem from my side in my way.
Not there. I myself am a fan of books.
I am a habitual person and that is why I am being made to do this.
Like it. Now brother, everyone has to take it. Now What can I say, children come in all types. yes He may have read the books. So This thing also happens. Come on, no matter what Not there. Validating the data. Now you guys If you give suggestions then it is good. suggestion right now Two. I don't refuse anyone because they The suggestion will improve me somewhere.
Now a child said, Madam, put the shortcut.
So I put effort into it. I have added a PPT If you make a PPT then it will help you somewhere.
Will do. If you have any genuine suggestion then you You can give it to me. There is no problem. Now Don't give any such useless suggestion.
Brother. Ok? Validating the data.
Look at Management Activity in Validating The effectiveness of this is due to management, brother.
How well or effectively the work is being done Is it happening or not? depend on whom Will he? How much financial data is there?
It is complete, it is pure. Two things will remain yours.
One is accurate milk. how good the tea is Will it be made? It will depend on how much milk you put in.
And how pure is it? It's the same thing.
that is, on his purity and his Depends on the completeness. Brother, if he If it is not complete then it is useless. Any There is no use of that thing. So what is here Is? This is what your management is saying.
Management of activities that are How effective will that be? she depends Who is yours on? that the data that It is so pure and complete. Therefore Management's use of that data What should you do before you use it?
Proper communication brother by talking nicely By communicating and based on experience It has to be decided that the data is It should be pure and complete. here Remember what validating consists of? Pure And both should be complete. that when you If you want to use the data, please confirm it first.
That the data is pure and accurate. Ok No? It is accurate and brother, it is also complete.
It should not happen that if half the things are there then nothing else There is no benefit. Then there's communicating.
The Financial Data. What is? Communicating The Financial Data. Fair retrieval of data Only then it is available. Brother, you will get the result only when You will read from the book. Remember as many shortcuts as possible The more you walk, the more you will lag behind others.
Now look at this, the comment is in front of you. now when 10 children commented that madam please get it done from the book.
If you are enjoying the book then it is obvious Those 10 children are studying here. Now How many children are enrolled in the batch?
And if you have five children, you are thinking of a shortcut method.
If you are there then it is obvious that you are behind them.
You will remain. Now you have to take the decision. You Where will you do it from? We have no problem.
So what's in here? communicating the What's next brother? Communicating the Financial data. Communicate means to reach the people where the thing is I need it. So the result of the data is only then will get. Now it is not like I made a PPT.
Should I keep it to myself? what about him then Is there any benefit? Like I posted last day I have just done revision notes in Asset Wala.
You read it before putting it in. the child who He must have read the management PPT.
Definitely five to seven points were gained.
will be. The accountant must have read it from five There must have been an advantage of number seven. That's for you And what should I pickle them? So beans If I communicate that to you then that is it That the data gets the correct return only then when the data is passed on to those management persons should be sent on the basis of which what to do Those who have to take decisions or I understood that I had to take action.
If you have taken it and kept it with yourself then what about it?
There is use, there is no use of anything here what he said to those who were based on their You have to read whether you want to take a decision or take action.
If you have to give the paper then it is for you.
should okay that's the labor from this point There is capital, there is machine, there is material. Its Your entire operations are based on the base.
That means the entire operative part of your activity, its cost, revenue, What about all this profit?
Will it be done? Changed into the form of money It is known how much it is costing you, How much revenue are you getting and how much You are making profits. In which term? in The monetary term. and use this data well What will you do? Communicate from time to time is done and what do we call it Also called reporting system. What Do you speak? Reporting systems and these data of appropriately and within a time interval i.e. That brother, along with the time gap, I also manage is communicated to. And this is what we What do you say? reporting system or Reporting system. So our third What happened to the function? communicating the Financial data. Brother, the data that they have Reach out to people. What is there here? To you Have to communicate, have to deliver data to those people where this data There is a requirement. Those who have to take the decision.
So what will we do here? The capital is There is machinery, there is labour, there is material. of all these All their operating activities things based on the same material Your entire business operation Cost, revenue, profit, all these are money You make changes in the form and that data correctly and taking the right time to time gap What is done? to the management It is communicated. and this What do you call the system? Reporting System. After this, our next one is What will remain? Interpretation of data.
What does interpretation mean?
explain. What happens? Explanation to do.
Absolutely. Okay now Kiran. Come now brother.
Interpretation of data. Interpretation of data.
Interpretation What did I say? Interpretation Please explain in an easy way brother. Now every One guy is not from commerce. easy for him This should be understood. So the same thing it She has spoken. any interpretation of the data or Communication means interpretation.
An important aspect of management accounting There is a function. Simple thing is that the data Whether to present or explain He will also play his important role In managing. So, one of the data in this There should be no partiality. Neutral you have to have. Don't discriminate now.
Do you understand objective objective?
objective subjective in which we speak If yes, then brother, can you prove that this Whether something is right or not is a matter of Do it in short, show everything you understand So you have to see this a little bit brother.
It must be fair, it must be right Everything should not be partiality.
should be objective okay and in short It should not be that everything should be written down Okay, if there is a PPT then what is the book PPT?
What is the use of revising at the time of the exam?
You will find in short your explanation.
That is, after analyzing the data, those what can you do about it You analyze the data given there.
Analyze and what you can do about it.
can conclude and on the basis of which Management is yours Actual Situation to know whether Pro what's up we're doing great Sales are going poorly, profits are increasing.
The cost is increasing, everything is decreasing.
Something you can know and do your work properly Brother, what can you do in this way, check it out.
so that the management can understand the real situation and So that you can do your work well. So Interpretation of data is simple.
How to present data in this way?
Just remember these three words. Ok?
There should be no impartial partiality.
Must be objective and in short Needed So that by using it you can do well Can take decision. And I will tell you that decision.
Could. Brother, how is your actual situation?
What is the actual position like? Plus whatever you have Do the rest of your work in the best possible way.
Can you? Now brother, these were the practical things that you Things had to be done. Now comes the theory theoretical in which we will speak present in Easy Manor. Absolutely. So you remember three words.
Have to keep it. Do you say subjective?
What do you call objective? Narrate.
What is objective? subjective Are objective. two things objective So I know the verification that we do.
That is called use for that. what proof Do you have any on this? You verify it on that You can. Come on. What is a theoretical function?
Is? Brother, your principles will come to you.
Brother, we do this thing. So management Theoretical Functions of Accounting Management Successful and effective performance of the activity It helps in. So what is the simple matter?
says that the theoretical of management Function is that management activity brother Makes it even better. It's simple for us Let's see which function it is. So first of all See how management accounting works.
He will simply ask which one of these is the operative function. So the name is also good You should remember which theoretical function Is. So here we will talk theoretically.
Function. What will be the first? Theory means straight This thing helps your forecasting Or planning. [coughing sound] Setting goals for the organization And to achieve these, what do we do first?
do? Will set a target. First we What have you read? forecasting and planning It helps in. Ok? This is the management What will help you with what you have? whose Will you help me inside? Forecasting and Planning. So what did he say? Whatever your organization is to set its targets and Planning to achieve those targets Doing this is the main work of management accounting.
First of all, you set the target. Target accomplished You plan to do it and What will you do inside? That set of all Will you do it? Whether it is production or cost, There is a sale, there is cash, there is a receipt. of all these Forecasts are made. What to do with all this Will you go? You will guess, right? You Future For this you will guess that I will get 80 marks Have to take it. I need this post right now. These I have to get 80 marks. So how did you get 80 marks?
Will you go? forecasting it and Based on that you make a plan and then what What will be done in the plan?
How to do it all is up to you The planning that will be done will be of two types, one There will be periodic planning and what else What will be the project planning?
Periodic planning and a what if Project Planning Periodic Planning What happens now according to the period?
You have made a plan for a year and What will be the project, brother, which I accept?
If you have four projects, you should focus on one of them.
If you are doing it then let's take a look here.
What will happen in period planning? of the work For the outline, brother, you should read this at this time.
Have to work. Budgets are prepared for it Are. Whereas now we have to understand what we have done?
I am planning. and here first What are you doing? Project planning and What was the second one? Period planning. Period Planning involves making a budget. useful Know how to set targets. while we talk In project planning, its your Marginal costing is, BEP is, cash flow is There is a cash budget and a capital budget. Ok?
is a linear program. All of this technique Will be used. So let's take the first function.
What did you read? The first function is management.
Theoretical Function of Accounting. and his What was the first function? Forecast and Helps in planning. So here But what did we say? that the organization's Setting targets. By setting targets, they How will you use Target? what are you Do you? Do you plan? Whose work is this?
Is? Management accounting is a job. And What will be done in this? Whatever your Production, cost, sales, profit Meaning Sara will come. What do you do with all this?
You do the forecasting. And on the basis of these What do you have to do? You have to do the planning it occurs. Planning is what you have to do.
Ok? What will happen in the planning? The same when, How, what and by whom will all this happen?
There will be two types of planning. one of our There will be periodic period planning and What will be the second project planning?
What will be useful in period planning?
You prepared the outline. job design You prepared the budget for this. Ok? Work How will it be done? So one of his tasks You have prepared a budget to show how and in project planning you You will use different techniques. this thing It will be yours. Then there's organizing.
Will help.
Now here all the management functions There were management functions, right?
Ok?
Now look here, I will tell you something simple.
Am. What we studied in practical, we did two Read about the methods of operation and financing.
Accounting people will come into operating Function. And what is there in theory here?
Will you go? Management functions. ever like this It happens that you get an elimination question.
You get confused. So this technique also you You can use it. Look after this, brother.
This will help in organization. So To implement the planning, you what needs to be done? The Different Person There is more responsibility between them, right?
Responsibility and authority are yours It has to be divided and both these tasks For whom to join the organization There are. You create the organization, you create the organization What will happen inside the organization? These This one is senior, this one is junior. This reports this Will do. This will tell it. What does all this work Does it happen in? It happens in the organization. the same beans The thing is that you have to implement the planning.
If you want it, what do you do?
Will it have to? among the different people You will have to tell who has to do what work.
Who has what authority and what responsibility?
Is? What is authority? And what do these two things do?
What is done in? Inside the organization are included. So management accounting What does that do to you in this work?
Help. So what does it say here?
Calculation of Return on Invested Capital What we do through each department Are? ROI Return on Investment.
Return on: This says that the money you How much return are you getting on the investment?
By calculating that, you can calculate the entire department of and along with the department which is The profitability of the entire organization You can find out if it is there. Ok? What to do Profitability and effectiveness Whatever is there can be investigated. With this This is your profit center, cost center.
Yes, it is an investment centre. of these techniques You also use it. Ok? of these techniques Whose work in the organization on the basis will be? Decentralization of functions. Brother, these By using it you do decentralization.
What is Decentralization? Brother, you accepted it This is a cost center, so all the cost people The decision is that you have left the cost centre.
Those with profits left the profit center.
Those with responsibility left it to him. i.e That you have divided the work here.
So what did you do here? Organization In this you have given different people different Different tasks were given to the department. So What has happened? Decentralization done goes. So to strengthen the organization Management accounting is what it is for It also provides for internal auditing.
And then it says what we said here Was? Helps in organizing. Now In another way, first he told me this Isn't it that in this way he will make the center and Decentralization will do it. Ok? This too I have helped you. Second, what did he say?
You arrange for internal auditing.
Yes, that also happens so that you You can run the organization well. For him To make it stronger. Now let's see what he says Management accounting is what you need to know It also helps in controlling.
How does it help in controlling now?
We create a budget and set targets.
and then compare it with the actual Are. And inside whom does all this happen?
In controlling. Let's start controlling What is? Deciding what is useful Performance is according to standard Has it happened or not? this point of view Budgeting by Management Accounting control or standard costing Is it okay? or department work Statement you said or flexible.
There is a budget. You can use all these techniques Do you and what do you do with it? Help You do it under control. Even after this Communication. what does communication mean Was? To deliver those essential things to the people. And In this we read a part reporting Of. What did you read? Of reporting.
Here we read the reporting part Was. So that's what we will tell you. Management Accounting is also your communication Will role play. Ok? What does this say?
Whatever your result is, your operating result.
prepare their reports, make statements, It will collect them together. here and the coastline is compiled here.
Pay look, check with the help of cost line in Communication in Management Accounting Also plays an important role in communication She helps. How did he say that you Report or statement of operating results You show it as. compiled You have collected it and made it into simple language.
In. Cost line or cost line help from these reports and whatever statements there are More analytical and clearer Will be made. Brother, you can use cost line.
Made this data even better. Simple talk. Ok? Then whatever you have given this data What will be that external party that has been formed?
Publish account. Publish account for everyone It remains available. So publish account that The outside party is a share or debenture holder Or any other institution. Ok? Co Business Data information is provided. So brother, this is you You present data that people see Let's take a decision. So this is what it is like Prepares diff reports. Correct Is? Getting the business up and running helps management and management so that he can run the business well Could do it. It's just simple, this report is ready.
He does nothing else. In management, you You prepare different reports. Firstly What did you do as a finance account?
You have collected the data and results.
Then using the cost line, you further I have explained it clearly, and then what?
Published data was given to outsiders and Brother, I also gave it to the internal management so that He can take his own decision. After this, brother Helpful in coordination. Brother Coordination It also helps in. So management Accounting is a different business She also works as a coordinator in activities.
Is. Ok? and for different activities Budgets play an important role. Brother Will make a budget, make it different for different sales Gave it, made it separate for purchase. Time Will do the coordination. Simple talk Motivating the employee.
It's simple. what did we do? The budget in this Made. You thought it was so hard to do Is. If your sales are increasing then you can You will motivate the employee. Brother you did well If you work then you get remuneration etc. These We do all the things. So from this What are employees even like? Motivate.
Look here, Management Accounting is Motivating the employee in front of the manager Presents different schemes of. By which And also implements them. So remember What does management accounting do?
Very in front of the Management Accounting Manager Shows all the techniques he uses To motivate his employees. And The overall field of management is That too is quite wide. Accounting in this The system is based on technique and that's it.
So this means that it is used in management.
Yours simply. Look, let's do it once There are briefings. You will be asked directly Function. So there will be two types of functions.
The first will be operating and what will be the second?
What will be the second one? Tell me quickly. Two There will be functions. Which ones will be which ones?
[Laughter] What are the two functions of management accounting?
Will it be? Tell me quickly brother.
And please like the session now.
It is important. He will directly ask for a function.
He will ask, this is from the management. Meaning Is it operational or theoretical? Two functions There will be operational and theoretical. theoretical If you perform management functions in the same Even if we don't remember, it's okay. What we Functions studied were Planning Forecasting Organizing is fine, all that has to be done and Operating ones which are inside accounting If we used to study, the first thing we would do is read Look here, they are briefing right now.
Come and read what you want to read in the paper.
Operating Functions First of all we record the data Recording of data within the business What we said first was original data.
is recorded what is done This is where the original data is recorded.
Then brother, you divide it in this way you give and what is done on its basis Is? Your analysis report is prepared for you.
Is. First recorded the original Will go. Later you prepare it for eating etc. or do you conclude that your analysis Helps you create reports. So This is what you do. First operating work.
What is the second one? Validating the data.
What I said in validating that you See, the data should also be complete and pure.
Should also happen. So when you communicate data are you doing it or are you using it to use it You have to decide before Data Purge And both are complete. Ok? So that's the thing.
Accuracy of data before taking decisions Or ensuring completeness. So this too Who will be of use to us? This is also your job Your operating function will come now.
Third, let us see what will be our third task?
The third task will be communication.
What did we say in the communication?
Communication means reporting System. Brother, the data you have here You are presenting different things that you have made.
what are you doing, will you communicate You won't keep him at home, will you?
Your communication work will be done It will be done, okay, then see what happens.
communication and what we used to call it reporting system so here's the cost Revenue and profit data are collected from time to time.
You reach out to management and You must remember that there was communication both ways.
To the management also so that brother management We can take decisions timely and what else have we done?
I said that you also give it to outside parties.
So that is both your publish and non publish There are. The published report is for everyone It will be available for. The rest are investors, For all debenture holders and unpublished Whatever is there, is it only for whom?
Management. Management can use both There is publish and unpublish. And we said Interpretation. What does interpretation mean?
Is? Now show the data this way. Brother What good are notes if you don't understand them?
There is no benefit if you come. like children YouTube pe kahede ki madam notes notes Give it to me. What I say is that class will give you Will have to see. Now these are short notes. Now What does the child think? I should get this. But If you read this alone, you will understand.
Will not come. You will have to read the complete one first.
No. What is there here? data neutral There should not have been partiality. Then we what did you say? The objective should have been yours So that you can verify it. and what else should happen Was Needed? You will do it short. Like we did this Make short notes. Ok? Short Analyze to conclude that So that you can know the actual situation.
What can happen to the actual situation? you know Can walk. These were our four functions right now. Who Were you from? Operating. After operating function What did we read? Theoretical function.
So quickly fill in the operating function in the comments.
Brother. All have to be put into operating function Which ones were which? So we read four Operating function. Then which ones will we read?
Theoretical function. Which ones will you read?
We will study theoretical functions.
And in theory. Ok? quickly Will put into operation. which ones are which ones Our? Which are the components of a theoretical function?
Will you go? In theoretical function we have I will go brother and I will not remember the principles.
And the question will be asked like this that these four functions of management were given and Who will ask you about management accounting?
Which of the following is not an operating function or Which one is a theoretical function?
Theoretical means theoretical matters Okay, here things will be mainly related.
Who will be related to the same as your management There are functions related to it.
Even if you don't remember to take it, then the management functions Remember the functions of management Your theoretical function is what it looks like If I come, what do we do first?
Here is the work of forecasting Do planning and forecasting work and for planning he What does it mean to forecast?
You are making a prediction for the future Planning is fine in this way, it has two ways I had told you about a periodic planning and a What did you tell me, I have to tell you quickly about the project.
What did he do in planning periodic planning I said I would quickly explain the meaning of forecast.
You're budgeting in a way, remember?
No period here it had told the forecast means you are guessing about the future Yes, and what did he say here?
What will happen within periodic planning? Budget Have to make it. While in project planning What will happen? You can use different techniques Will you do it? in which we have marginal costing, B is BEP, breakeven point or whatever The forecast is the budget. All these things we have to do it occurs. So, there are two types of planning.
Was. Periodic and Project. This is the first we The work has to be done. Forecast. This was in the forecast That you set a target. Different You set it separately for the department.
yes. Then what is it? Organization.
How the Organization Used to Say It Says If you want to achieve your goal, What do you do with your employees?
Responsibility among employees Responsibility and what is authority and delegate responsibility and this Where was the work done in the organization, so this Helps you with your organization Because what were you doing here?
Center Profit Center Investment Center Through these you can do decentralization.
What were you doing, decision or power?
authority which is the right and were dividing responsibilities and Whose part does it play? Of the organization. So In this way it says that the liability Division: You can divide the responsibilities.
Are you doing it or are you giving whatever you have to the authority?
So what's in here? And one more thing as well We read that you calculate ROI.
So what did he say? You see that every One department is making so much profit and each one that is separate and complete in it This is an organization and it makes so much profit. So you You were also majoring your actual things.
Who spoke of profit or cost center Decentralization. I already told you this He asked what will be done here?
Authority and responsibility are It will be delegated. And how to delegate Will you go? You have created three centres. profit Centre, Cost Centre, Investment Centre.
So here it will think about it separately, This one will think about this, this one will think about that. So here But you have talked about delegation i.e. decentralization.
Whose did you do it to? Of rights. And whose is this Does it happen inside? Organization. So management This thing would also be yours in accounting Is. Then there is controlling brother. of controlling What did it mean? Controlling means first What if what you thought doesn't happen?
Are you taking action? So in this we budget etc. Make it. He sees everything that Actually, he did whatever work was given to him.
Are you doing it or not? If there is a shortage Why is there a shortage? We'll try that again We do. So that's what Bustry Control is.
Standard is your costing. Bustry Budget is also made in control.
Standard Fix in Standard Costing is done or is it a flex budget. Its By what do we do with what we have? His Evaluate performance, major We do. So they see you as Is being done. That is, controlling We do the work. Then your next one is yours I have given up communicating. Communicating What was I there right now, what was I there?
that you are what communication means You have created reports different from those reports to communicate to the parties Were living. Ok? To communicate. So There are also different levels of management here.
level middle level lower level to them also and who You have different parties outside Debenture holder Share holder Whatsoever You also give communication to those who eat The accounts that you have created, they To work to convey the concern to the people That thing will remain yours, what does it say here?
Collect operating results into reports Tax management of different levels depending on your to reach them and to an external party Who does the work of delivering that too?
Management does accounting. So this also Our theoretical function will come and In coordination, it has already been told that Under different business activities Creates coordination. Through the budget you You will do the contribution work here Because it will be fixed that the seller will get this much The person purchasing has to do it. like it said I set a target and told the sales person Given that you have to sell 1 lakh units. Now Who will the sales person tell? Have you set it up?
We targeted. Now whom will the sales person tell?
You will need this much stuff. make so many things Will have to. So he was from the production department.
Will come closer. Who has the production?
Will you go? Near Purchas. give me so much stuff I have to make so many things. So here What will happen inside everyone? There is coordination Will go. Then what did he say? to the employee To motivate. So brother, there are many such schemes gives through which to your employee It is motivated. So it was simple All ours were theoretical functions. so one The question will be asked directly to you. Who Which one is your operative and which one is yours It is theoretical. Tell me once brother. Even If any child has any doubt, please ask.
Can. otherwise Tell me brother. Is everything clear till here?
I have told you in depth also. Arrow I have told you about these short ones also. will you do it No?
If anyone wants to ask anything, he can ask.
Brother, you can see the operating function from here.
Recording of data originally in recording so that its original properties are retained Whatever quality there is, it should remain. For them Classifying it will be your validating Data completeness and it will be yours Communicating the Financial Data Here You will see the work of communicating Communicating the Financial Data It's Yours If it is inside the operating room then it is appropriate here They get rewards only when they get brother's return.
It will be available only when it is given to the concerned person.
what should be done should be communicated On this basis he can take decision.
What is the material at the base of all this?
Will see how much the cost is and how much the profit is How much is the revenue and what is it called?
The Reporting System Interpretation Data What does it mean? Brother your data is clear should be, should be subjective and What should be yours? Okay, right? in It should be short. then help in Forecasting. We have already told in forecasting I told you what you are? setting targets Yes, they are different. and plan for the target yes. Planning Management Accounting It is a part. And that's what you're all about, brother.
You will make different forecasts. Whether it is cash, Be it cost, receipt or payment, everything is there.
And you had to do the planning. Give planning It was of a type. Periodic planning, Project planning. In periodic we What did you say? The budget will create this and then another We had done it. Just in the organization You had to remember responsibility and Duties will be divided and all this What does the work involve? of the organization Are inside. In this you return on investments etc. so that you To know what situation you are in Business or each department. controlling I had to decide that whatever you Standards are made, plans are made, plans are made According to whether things are happening or not doing. Just use a different technique.
Was. We have already told you while communicating.
What is this? Financial data there Was. Here is the communication. The thing is the same Just move around a little bit and do something different.
Given that there is nothing else but the published data which is It will be for outsiders. Internal for them Will remain. It will be for different levels.
Will help you in coordination. Different After making an activity budget, what else will happen?
Was? Motivating. So our till function It has been completed. Yes. It has also been revised It is there and I have told you the complete details.
Will you take it till here? We will do the next In class. And after this, give it to you are management tools or you would say that What are the features? It's simple now Increases efficiency. Proper Planning Do this measurement in the next class. These Even if you read the above points, it will still work.
will work. Basically, ours will come again Management Accounting in Decision Making Management accounting which is decision making How will I help you? Tell me once now Is it clear till here or not? someone to someone Do you have any doubt?
[sound of clearing throat] He has given you communication there.
Inside, the son was related to financial data.
I understand your problem here.
This is given towards financial data If you have kept it and given it in it then you Moving to Financial Data Operating Key If you go towards financial word here If you are connected then the direct message to you is the same simple one.
If communication is given then management You will assume part of and financial If communication is given then you are a part of it I will admit that I have just seen this and I will tell you I will clear it. A little bit of your attention Will you give? See Where did you go?
Now that the lecture is about to end, All the children are connected. I don't know where to sleep Were living.
Look at this.
Look at this brother, look at this, look at this when the financial When it comes to data, accounting work What is related to financials?
Communication the financial data so you what to put inside operating The same things but a little bit of Word The difference will be found in the form of the function also.
Planning Organization Staffing of directing, controlling, and directing There is a part of communication because of this I have put it in this also, so this will give you Don't worry, just look here.
What will be the communication?
Communication is the same thing, just a little different.
It is not that you can come here with the help of cost.
He just told me brother, your data is You will communicate and prepare reports.
Make those reports even better with the help of You will present it in a proper manner and then publish it.
Report to external and internal These are the things that happen at all three levels.
It is the same, there is no difference but if you If the one who is going to eliminate you goes in this way, then you You can eliminate [sound of clearing throat] Tell me brother, everything is clear, let's move ahead
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