Nature and scope of management accounting,strategic management accounting,accounting process and principles- an overview,cost analysis and decision making,inventory costing,product costing,analysis of financial statements,ratio analysis,statement of changes in financial position,cash flow statement,marginal costing,break-even analysis,differential costing: an aid to decision making,activity-based costing,pricing policy and decisions,budgetary control,standard costing and variance analysis,capital budgeting and investment decision,risk and uncertainty,management reporting system,responsibility accounting,divisional performance appraisal and transfer pricing,valuation of goodwill and shares,inflation accounting,human resource accounting,emerging trends in management accounting (Topical Term)