Meaning-definition-scope-objectives-function-merits and demerits of Cost and Management Accounting-distinction between cost, management and financial accounting - Elements of cost-cost concepts and costs classification

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. Ratio analysis - classification of ratios-liquidity, profitability, solvency – inter firm comparison.

Fund flow analysis-cash flow analysis (problems only)

Standard costing-variance analysis-material and labour variances Marginal Costing-cost volume profit analysis. Budgeting and preparation of various budgets- Case Study