Management Accounting – II
- Students can practice of substituting an expected cost for an actual cost in the accounting records and then periodically recording variances by learning standard costing.
- Students can do planning of organisations’ long term investments such as new machinery, replacement, new plants, new products through capital budgeting.
- The money available at the present time is woth more than the same amount in future due to its earning capacity. Students can learn this principle by the concept of time value of money.