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SYLLABUS
Unit-I
Introduction to Management Accounting, Cost analysis and Control
Management Accounting Vs. Cost Accounting vs. Financial Accounting, Role of Accounting Information in
Planning and Control, Cost Concepts and Managerial use of Classification of Costs.
Cost Analysis and Control: Direct and Indirect expenses, Allocation and Apportionment of Overheads, Calculation
of Machine Hour Rate. Activity Based Costing.
Unit-II
Costing for Specific Industries
Unit Costing, Job Costing, Cost Sheet and Tender and Process Costing and their Variants, Treatment of Normal
Losses and Abnormal Losses, Inter-Process Profits, Costing for By-Products and Equivalent Production.
Unit-III
Marginal Costing I
Introduction, Application of Marginal Costing in Terms of Cost Control, Profit Planning, Closing Down a Plant,
Dropping a Product line, Charging General and Specific Fixed Costs, Fixation of Selling Price. Make or Buy
Decisions, Key or Limiting Factor.
Unit-IV
Marginal Costing II
Selection of Suitable Product Mix, Desired Level of Profits, Diversification of Products, Closing Down or
Suspending Activities, Level of Activity Planning. Break-Even Analysis: Application of BEP for Various Business
Problems. Inter-Firm Comparison: Need for Inter-Firm Comparison, Types of Comparisons, Advantages.
Unit-V
Budgetary Control
Budget, Budgetary Control, Steps in Budgetary Control, Flexible Budget, Different Types of Budgets: Sales
Budget, Cash Budget, Production Budget, Performance Budgets, Zero Based Budgeting; An Introduction to
Cost Audit and Management Audit.
Standard Costing: Standard Cost and Standard Costing, Standard Costing Vs Budgetary Control, Standard
Costing Vs Estimated Cost, Standard Costing and Marginal Costing, Analysis of Variance, Material Variance,
Labour Variance and Sales Variance.
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CategoriesManagement
Format EPUB
TypeeBook