To acquire knowledge and understanding of the concepts, techniques and practices of cost and management accounting and to develop skills for decision making
Features, Applications and Types of Process Costing, Process Loss, Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, By-Products and Accounting
Service Costing: Features and Applications, Unit Costing and Multiple Costing, Application, Identification of Cost Unit and Cost Determination and Control
• Meaning, Advantages, Limitations and Applications
• Breakeven Analysis
• Cost-Volume Profit Analysis
• P/V Ratio and its Significance
• Margin of Safety
• Absorption Costing: System of Profit Reporting and Stock Valuation
• Difference between Marginal Costing and Absorption Costing
• Income Measurement under Marginal Costing and Absorption Costing
Definition, Significance and Applications
• Various Types of Standards
• Installation of Standard Costing System-for Material, Labour, and Overhead
• Variance Analysis for Materials, Labour and Overheads and Accounting Treatment of Variances
• Benchmarking for Setting of Standards
• Variance Reporting to Management
Budget Concept, Manual
• Fixed and Flexible Budgets
• Preparation and Monitoring of Various Types of Budgets
• Budgetary Control System: Advantages, Limitations and Installation
• Zero Base Budgeting
• Programme and Performance Budgeting
Cost Accounting Records and Cost Audit
• Nature and Scope of Cost Audit
• Cost Accounting Records and Cost Audit under Companies Act,1956
• Purpose, Scope and Advantages of Cost Audit
• Implementing Authorities of Cost Audit
Cost Audit Techniques and Programmes
• Cost Audit Report
• Cost Auditor – Appointment, Rights and Responsibilities
Financial Statements: Nature, Attributes, Objectives, Importance, Limitations
• Recent Trends in Presenting Financial Statements
• Financial Statements Analysis: Types, Methods, Objectives, Limitations
• Ratio Analysis: Accounting, Uses, Classification, Advantages, Limitations
• Cash Flow Statement
• Fund Flow Statement
• Difference between Cash Flow and Fund Flow Statement
• Management Reporting
1. Cost and Management Accounting-VK Saxena & C.D Vashisht(Sultan Chand & Sons 23 Daryaganj New Delhi)
2. Cost and Management Accounting,-S.P Jain and K.L Narang Kalyani Publishers, 23, Daryaganj, New Delhi-110002
3. Cost and Management Accounting-S.N Maheshwari (Sultan Chand & Sons New Delhi)
4. Cost and Management Accounting-M.N Arora (Vikash Publishing House(P) Ltd
5. Study Material Issued by ICSI
6. Scanner-Arun Kumar(Shuchita Prakashan (P) Ltd)
7. Management Accounting- I.M Pandey(Vikas Publishing House (P) Ltd