1) Introduction to Cost and Management Accounting ......7
1.1 Cost Accounting: Evolution, Meaning, Objectives and Scope
1.2 Concepts of Costs , Classifications and Elements of Cost
1.3 Cost Centre and Cost Unit
1.4 Concept, Meaning and Definition Management Accounting
1.5 Objectives, Importance, Scope, Advantages, Limitations of Management Accounting
1.6 Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Managementy
2) Cost-Volume-Profit Analysis.........................................38
2.1 Concept of Cost-Volume-Profit Analysis
2.2 Meaning Marginal Cost, Marginal Costing, Contribution
2.3 Features of Marginal Costing
2.4 Profit-Volume Ratio
2.5 Break-even Analysis, Break-even Point
2.6 Margin of Safety
2.7 Relevant Costs and Decision Making
2.8 Practical Problems with Solutions
3) Budgets and Budgetary Control.......................................75
3.1 Meaning of Budgets
3.2 Steps in Budgetary Control
3.3 Types of Budget: Fixed and Flexible Budgeting, Sales budget, Production Budget, Raw material consumption Budget, Raw Material Purchase Budget, Overhead Budgets, Cash Budget, and Master Budget
3.4 Zero based budgeting
4) Uniform Costing and Inter-Firm Comparison................140
4.1 Uniform Costing - Meaning & Objectives
4.2 Essential Points for Uniform Costing
4.3 Advantages and Disadvantages of Uniform Costing
4.4 Inter-Firm Comparison - Meaning, Advantages and Disadvantages
4.5 Ratio Analysis Related to Inter-Firm Comparison
4.6 Practical Problems with Solutions 5) Target Costing.................................182
5.1 Target Costing - Meaning and Concept
5.2 Steps in Implementation of Target Costing Process
5.3 Benefits of Target Costing
5.4 Calculation of Expected Cost, Target Cost and Size of Cost Gap
5.5 Calculation of Value Index for Components of Product
5.6 Indication of Action Implied By Value Index and Revised Cost Reduction Target
5.7 Problems
6) Cost Accounting Records and Cost Audit..............211
6.1 Meaning, Nature and Scope of Cost Audit
6.2 Cost Accounting Records and Cost Audit as per Companies Act, 2013
6.3 Purpose and Advantages of Cost Audit
6.4 Implementing Authorities of Cost Audit
6.5 Cost Audit Techniques and Programmes
6.6 Cost Audit Report
6.7 Cost Auditor–Appointment, Rights and Responsibilities
References...........................................................228