21UMM409 – Cost and Management Accounting

Wishlist Share

About Course

Cost 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.

Course Content

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

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

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

Student Ratings & Reviews

No Review Yet
No Review Yet