Highlights
Cost Accounting: Evolution, Meaning, Objectives and Scope
• Concepts of Costs , Classifications and Elements of Cost
• Cost Centre and Cost Unit
• Methods and Techniques of Costing
• Cost Accounting Standards
• Installation of a Costing System
• Practical Difficulties in Installing a Costing System
• Role of Cost Accountant in Decision Making
• Management Accounting: Evolution, Meaning, Objectives and Scope
• Tools and Techniques of Management Accounting
• Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management
• Conflicts in Profit versus Value Maximisation Principle
• Role of Management Accountant in Decision Making
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