Certified Cost Accountant

Introduction to Cost and Management Accounting

• Concepts of Cost
• Costing, Cost Accounting and Cost Accountancy
• Objectives of Cost Accounting
• Importance of Cost Accounting
• Scope of Cost Accounting
• Classification of Costs
• Cost Centre and Cost Unit
• Methods of Costing
• Techniques of Costing
• Installation of a Costing System
• Difference between Financial Accounting and Cost Accounting
• Difference between Financial Accounting and Management Accounting

Material Cost

• Inventory Control (Material Control)
• Objectives of Inventory Control
• Techniques of Inventory Control
• Store-Keeping
• Functions of Store-Keeping
• Method of Pricing of Material Issues
• Accounting of Material Losses
• Control of Material Losses
• Inventory Management

Labour Cost

• Introduction to Labour Cost
• Classification of Labour Cost
• Accounting and Control of Labour Cost
• Time Recording
• Time-Keeping
• Time Keeping
• Overtime
• Idle Time
• Labour Turnover
• Labour Remuneration System
• Basic Methods of Remuneration System
• Incentive schemes

Direct Expenses and Overheads

• Direct expenses
• Indirect expenses
• Overheads
• Collection of Overheads
• Classification of Overheads
• Allocation and apportionment of overheads (depart-metallization of overheads)
• Allocation of Overheads
• Apportionment of Overheads
• Absorption of overheads
• Methods of Absorbing Production Overheads
• Over or Under Absorption Of Overheads
• Treatment of Factory Overheads
• Treatment of Administrative Overheads
• Treatment of Selling And Distribution Overheads
• Control of Overheads
• Preparation of Cost Sheet

Activity Based Costing

• Introduction
• Meaning of Activity Based Costing
• Basics of Activity Based Costing
• Distinction Between Traditional Absorption Costing and Activity Based Costing
• Objectives of Activity Based Costing
• Terminology of Activity Based Costing
• Stages in Developing Activity Based Costing System
• Different Types of Activities

Cost Records

• Introduction
• Non-Integrated Accounting System
• Advantages of Non-Integrated Accounting
• Limitations of Non-Integrated Accounting
• Integrated (Integral) Accounting System
• Need For Reconciliation
• Causes of Differences
• Preparation of Reconciliation Statement or Memorandum Reconciliation Account

Costing Systems

• Introduction
• Single/Output/Unit Costing
• Cost Sheet
• Job Costing
• Batch Costing
• Contract Costing
• Process Costing
• Service Costing

Marginal Costing

• Features of Marginal Costing
• Advantages of Marginal Costing
• Limitations of Marginal Costing
• Break-Even Analysis/Cost-Volume Profit Analysis
• Uses of Cost-Volume-Profit Analysis
• Contribution
• Marginal Cost Equation
• Profit-Volume Ratio
• Margin of Safety
• Methods For Determining Break Even Points
• Applications of Marginal Costing
• Composite Break Even Point
• Absorption Costing
• System of Profit Reporting

Standard Costing

• Introduction
• Definition and Meaning
• Applications of Standard Costing
• Various Types of Standards
• Standard Costing System
• Variance Analysis
• Material Cost Variances
• Material Usage Variance
• Material Mix Variance
• Materials Yield Variance
• Overhead Cost Variances
• Variable Overhead Variance
• Fixed Overhead Variance

Budget, Budgeting and Budgetary Control

• Budget
• Budgeting
• Budgetary Control
• Forecast and Budget
• Zero Base Budgeting

Cost Accounting Records and Cost Audit

• Cost Audit
• Purpose of Cost Audit
• Advantages of Cost Audit
• Appointment of Cost Auditor
• Rights and Responsibilities of Cost Auditor
• Implementing Authorities of Cost Audit
• Cost Audit Techniques
• Cost Audit Programme
• Cost Audit Report

Analysis and Interpretation of Financial Statements

• Financial Statements
• Importance of Financial Statements
• Analysis of Financial Statements
• Types of Financial Statement Analysis
• Methods of Analyzing Financial Statements
• Ratio Analysis
• Uses of Ratio Analysis Classification of Ratios