Paper 5: Advanced Management Accounting
To begin with, the main focus of ‘Advanced Management Accounting’ is on the application of
- ‘Cost Management’ techniques and,
- ‘Financial Decision Modeling’ tools in various types of decision making at all levels of management.
Moreover, the application of Advanced Management Accounting helps to:
- Understand the ways and means to maximize revenue by reducing cost without affecting the essential qualities of products.
- Imposing control by classifying divisions as responsibility centers, allocating budgets and performance evaluation by setting various standards and variance analysis.
Also, the subject of Advanced Management Accounting focuses on:
- Developing of knowledge required for analysis of quantitative and qualitative information in order to help the management in decision making.
About the Teacher
CA K Hariharan (Future Class)
Mr. Hariharan is a practicing Chartered Accountant. He teaches Costing & Financial Management and Advanced Management Accounting at The Institute of Chartered Accountants of India (ICAI), SIRC of ICAI – Chennai, Bangalore, Calicut, Ernakulam, Mysore, Coimbatore, Palghat, Kumbakonam, Trivandrum, Tirupati, Erode, Pondicherry & Alleppey and other reputed Institutions at Bangalore, Hyderabad, Cochin, Calicut, Chennai, Coimbatore and Mumbai. CA Hariharan is also a B.Com Gold Medalist and he has more than 10 Years of Experience in Teaching CA Students. He is fondly known as Costing Guru by students.
CA Final Complete AMA Video Lectures by CA Hariharan & Prof Vittal (USB – 6 Months)
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