405: Cost and Management
Accounting (Management Group)
Marks: 80
Cost Accounting
Group - A
Unit-I :
Introduction 15
Meaning of cost,
costing and cost accounting; objectives and functions of cost accounting;
costing as an aid to management; cost concepts and classification, Relationship
between cost accounting and financial accounting; Cost accounting and
Management Accounting; Methods and Techniques of costing; Concept of cost
audit; Preparation of cost sheet.
Unit-II :
Accounting for Material, Labour and Overhead 15
Material control
concept and techniques; E.O.Q. ABC Analysis and VED Analysis.
Labour cost
control procedures; labour turnover; idle time and over time; methods of wage
payment - time and piece rates.
Importance and
classification of overhead; Factory administrative and selling overheads;
allocation and apportionment of overhead; Absorption of overhead - under and over
absorption. (Simple application)
Unit-III :
Standard Costing 10
Meaning of
Standard cost & Standard costing; Steps involved in standard costing, Advantages
of standard costing; Variance analysis; Classification of variance (Simple application)
Management Accounting
Group - B
Unit-IV :
Introduction 10
Meaning and
definition of Management Accounting; Nature, scope and objectives of management
accounting; tools and techniques of Management accounting; Role in decision making;
Relationship between management accounting and financial accounting.
Unit-V: Analysis
and Interpretation of Financial Statement 15
Concept and
Nature of financial statement; Limitation of financial statement, Need of
analysis, tools and techniques, Ratio analysis - Types, uses, significance and
limitations; Liquidity, profitability and long term solvency ratios; Statement
of changes in financial position; Cash flow statement as per Indian Accounting
standards -3 (simple application).
Unit-VI : Cost
Volume Profit Analysis and Budget & Budgetary Control 15
Concept of C-V-P
relationship, Break even analysis, Marginal costing as tools for pricing
decisions and levels of activity planning, Meaning of Budget and Budgetary
control; Types of Budgets - Fixed and Flexible, Master budget, Zero base
budgeting, Performance budgeting, Standard costing Vs. Budgetary control.
(Simple application)
Post a Comment
Kindly give your valuable feedback to improve this website.