Cost & Management Accounting

                                                                   Syllabus

                                                                                    COST AND MANAGEMENT ACCOUNTING

Unit-I (Theory Questions Only)

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. 

Unit-II (Problems and Theory Questions)

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.

Unit-III (Problems Only)

Financial Statement Analysis - Preparation of Comparative and Common Size Statements -Analysis and Interpretation. Ratio Analysis - Classification of Ratios-Liquidity, Profitability, Solvency – Inter Firm Comparison.

Unit-IV (Problems Only)

Fund Flow Analysis - Cash Flow Analysis (Problems Only)

Unit-V (Problems and Theory Questions)

Standard Costing-Variance Analysis-Material and Labour Variances Marginal Costing-Cost Volume Profit Analysis.

(Theory carries 20 marks and problems carry 80 marks)