Knowledge / Cost and Management Accountancy
Cost and Management Accountancy notes
Free study notes for Cost and Management Accountancy (CMA (ICMAI)) students in India: 15 topics across 5 subjects - Training and careers, Cost accounting, Management accounting and decisions, Audit, finance, tax and reporting and The CMA route and foundations. Each note explains the concept, works the examples with the numbers done, gives the Indian standards, codes and laws in force today, and ends with interview questions and the mistakes examiners look for - for semester exams, competitive exams, campus placements and job interviews.
Training and careers
Cost accounting
- Cost Accounting Standards (CAS)
- Cost bookkeeping: integrated accounts and reconciliation with financial accounts
- Labour cost: time-keeping, incentive schemes and labour turnover
- Overheads: apportionment, absorption and under- or over-absorption
- Service and operating costing
- Uniform costing and inter-firm comparison
Management accounting and decisions
- Decision making with relevant costs: make or buy, shut down and pricing
- Performance management: responsibility accounting, transfer pricing and EVA
- Quantitative techniques in cost management: learning curve and linear programming
- Strategic cost management: target costing, life-cycle costing and value analysis
- Variance analysis: material, labour, overhead and sales variances