Course Objective: To enable the students to acquire knowledge and understanding of the concepts, techniques and practices of cost and management accounting and to develop skills for decision making.
UNIT-I:
Introduction to Cost Accounting: Objectives & Scope, Classifications and Elements of Cost, Installation of a Costing System. Materials Control – Concept and Techniques. Methods of Pricing of Material, Inventory Management: Meaning and Classification of Labor Costs. Overheads: Meaning, Nature, Collection and Classification, Preparation of Cost Sheet. Job and Contract Costing, Process Costing: Features, Applications and Types of Process Costing.
UNIT-II
Marginal Costing: Meaning, Advantages, Limitations and Applications, Cost-Volume Profit Analysis. Standard Costing: Significance and computation of Material, Labor, and Overhead Variance. Budgetary Control: Advantages, Limitations and Preparation. Zero Base Budgeting. Performance Budgeting.
UNIT-III
Management Accounting: Evolution, Meaning, Objectives and Scope, Relationship between Management Accounting and Cost Accounting. Conflicts in Profit versus Value Maximization Principle. Role of Management Accountant in Decision Making.
UNIT-IV
Financial Statements Analysis: Types, Methods, Objectives, Limitations. Ratio Analysis: Accounting, Uses, Classification, Advantages, Limitations. Cash Flow Statement, Fund Flow Statement, Management Reporting.
Course Features
- Lectures 14
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
