Cost Management Accounting

📘 Cost and Management Accounting (2026–2027 Edition)

Cost and Management Accounting is a comprehensive study resource designed for students studying cost determination, cost control, budgeting, performance analysis & managerial decision-making. It covers cost classification, cost sheets, material & labour costing, overheads, job & process costing, marginal costing, CVP analysis, standard costing, budgeting, relevant costing & activity-based costing.

📚 What’s Inside:

1️⃣ Unit 01 — Introduction to Cost & Management Accounting
Introduces cost accounting, management accounting, their objectives, functions, scope & role in managerial decision-making.

2️⃣ Unit 02 — Cost Classification & Cost Behaviour
Covers cost classification, fixed & variable costs, semi-variable costs, cost behaviour patterns & cost estimation.

3️⃣ Unit 03 — Preparation of Cost Sheets
Explains cost sheet preparation, prime cost, factory cost, cost of production, cost of sales & profit calculation.

4️⃣ Unit 04 — Material Costing I — Purchasing, Storage & EOQ
Covers material purchasing, inventory control, stock levels, storage procedures & Economic Order Quantity.

5️⃣ Unit 05 — Material Costing II — Pricing of Issues
Explores methods of pricing material issues, including FIFO, LIFO, weighted average & related techniques.

6️⃣ Unit 06 — Labour Costing & Incentive Wage Schemes
Covers labour cost measurement, time keeping, time booking, wage systems & incentive schemes.

7️⃣ Unit 07 — Overheads I — Allocation & Apportionment
Introduces overhead classification, allocation, apportionment & distribution of indirect costs.

8️⃣ Unit 08 — Overheads II — Absorption & Under-Over-Absorption
Covers overhead absorption rates, absorption methods & treatment of under- & over-absorbed overheads.

9️⃣ Unit 09 — Job Order Costing
Explains job costing, job cost records, cost accumulation & determination of profit on individual jobs.

🔟 Unit 10 — Batch Costing
Covers batch production, batch cost calculation, economic batch quantity & cost determination.

1️⃣1️⃣ Unit 11 — Process Costing I — Normal & Abnormal Loss-Gain
Explores process costing, normal loss, abnormal loss, abnormal gain & process cost calculation.

1️⃣2️⃣ Unit 12 — Process Costing II — Joint Products & By-Products
Covers joint production, joint costs, joint products, by-products & methods of cost allocation.

1️⃣3️⃣ Unit 13 — Marginal Costing Fundamentals
Introduces marginal costing, contribution, marginal cost, profit relationships & decision-making applications.

1️⃣4️⃣ Unit 14 — Cost-Volume-Profit (CVP) Analysis
Covers break-even analysis, contribution, margin of safety, profit planning & CVP relationships.

1️⃣5️⃣ Unit 15 — Absorption vs Marginal Costing Reconciliation
Explains differences between absorption & marginal costing, profit reconciliation & inventory effects.

1️⃣6️⃣ Unit 16 — Standard Costing — Material & Labour Variances
Covers standard costs, material price & usage variances, labour rate & efficiency variances.

1️⃣7️⃣ Unit 17 — Standard Costing — Overhead Variances
Explores fixed & variable overhead variances, analysis methods & performance evaluation.

1️⃣8️⃣ Unit 18 — Budgeting & Budgetary Control
Introduces budgeting, functional budgets, budget preparation, budgetary control & performance monitoring.

1️⃣9️⃣ Unit 19 — Flexible Budgets & Zero-Based Budgeting
Covers flexible budgets, activity-based budgeting concepts & zero-based budgeting techniques.

2️⃣0️⃣ Unit 20 — Relevant Costing, Decisions & Activity-Based Costing
Explores relevant costs, short-term decisions, make-or-buy decisions, limiting factors & activity-based costing.

🎯 Suitable For:

🎓 B.Com, BS Accounting & Finance Students
📊 Accounting, Finance & Commerce Students
💼 Business Administration & Management Students
📈 Economics & Related Business Students

A complete resource for mastering cost accounting, management accounting & practical financial decision-making. Start your journey with the (2026–2027) Edition! 📊💼📚✨