Skip to PDF contentSkip to PDF contentCost and Management Accounting is a branch of accounting that helps businesses record, analyze, control, and reduce costs while supporting managerial decision-making. It provides financial and non-financial information to management for planning, controlling, and improving business operations.
cost and Management Accounting
Meaning - definition - scope - objectives- functions - merits and demerits of cost and management Accounting - distinction between cost, management and financial accounting- Elements of cost classification
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cost sheet
preparation of cost sheet - stores control- EOQ- maximum , minimum , reordering levels, pricing of materials issues- fifo lifo, AVERAGE COST, standard price methods- labour cost - remuneration and incentives - case study
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financial statement analysis
preparation of comparative and common size statements-analysis and interpretation - classification of ratios- liquidity, profitablity solvency
Fund flow Analysis
Fund flow Analysis- Cash flow analysis
standard costing
standard costing- variance analysis- material and labour variances, marginal costing- cost volume profit analysis- Budgeting and preparation of various Budgets