COST AND MANAGEMENT ACCOUNTING FULL SYLLABUS

 BY LU NOTES 😚

2024-2025 SYLLABUS

UNIT 1: Introduction to Cost and Management Accounting

📌 Introduction to Cost Accounting: Meaning, Objectives, Scope, and Importance
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📌 Difference between Cost Accounting and Financial Accounting
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📌 Elements of Cost: Material, Labor, and Overheads
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📌 Methods and Techniques of Costing
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📌 Cost Sheet Preparation
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UNIT 2: Costing Methods and Techniques

📌 Material Costing: Inventory Control, Economic Order Quantity (EOQ), and Pricing of Material Issues (FIFO, LIFO, Weighted Average)
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📌 Labour Costing: Time Rate and Piece Rate System, Incentive Plans
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📌 Overhead Costing: Allocation, Apportionment, and Absorption
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📌 Job Costing and Batch Costing
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📌 Contract Costing and Process Costing
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UNIT 3: Management Accounting Concepts

📌 Introduction to Management Accounting: Meaning, Objectives, and Scope
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📌 Difference between Cost Accounting and Management Accounting
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📌 Financial Statement Analysis: Meaning, Types, and Importance
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📌 Ratio Analysis: Liquidity, Solvency, Profitability, and Turnover Ratios
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📌 Cash Flow and Fund Flow Statements
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UNIT 4: Budgeting and Decision Making

📌 Budgeting: Types of Budgets – Fixed and Flexible Budgets, Zero-Based Budgeting (ZBB)
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📌 Marginal Costing and Break-even Analysis
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📌 Standard Costing and Variance Analysis
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📌 Decision Making Techniques: Make or Buy, Pricing Decisions, and Cost-Volume-Profit (CVP) Analysis
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📌 Recent Trends in Cost and Management Accounting
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