CA Inter Cost and Management Accounting


CA Inter Cost and Management Accounting Video Lectures By CA.Pankaj Sarawagi in Pen Drive / Google Drive Mode. These Lectures are beneficial for May 21, Nov 21, and onward attempts. Study Material will be provided with the same.

Fresh Sale 50% off on CA Inter Cost and Management Accounting


Buy CA Inter Cost and Management Accounting | Video Lectures | Pendrive classes | latest Recordings | updated syllabus | Expert Teacher | 24×7 support. Join our Live classes, Online Classes, Offline Classes.

Course Info

Buy CA Inter Cost and Management Accounting Full Course By CA Rakesh Kalra. Soft Copy study materials will be provided with the same.

Kit Contents
  • Video Lectures
Batch Recording
  • Latest
Video Language
  • Hindi Eng Mix
  • Mobile App
  • Google Drive
  • Pendrive
Technical Support
  • Mobile: +91-7065300951
  • Mail:

Course Content

Paper 3 – Cost and Management Accounting

  1. Overview of Cost and Management Accounting

  2. Introduction to Cost and Management Accounting

  • Objectives and Scope of Cost and Management Accounting,

  • The users of Cost and Management accounting information, Functions of management accounting.

  • Role of the cost accounting department in an organisation and its relation with other departments.

  • Installation of Costing System

  • Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management.

  • Cost terms and Concepts

  • Cost Reduction and Cost Control

  • Elements of Costs

  • Cost behaviour pattern, Separating the components of fixed, variable, semi-variable and step costs.

  • Methods of Costing, Techniques of Costing.

  • Cost Accounting with the use of Information Technology

  1. Elements of Cost and preparation of Cost Sheets

  • Functional classification and ascertainment of cost

  • Preparation of Cost Sheets for the Manufacturing sector and the Service sector

  1. Ascertainment of Cost and Cost Accounting System

  1. Material Cost

  • Procurement procedures- Stored procedures and documentation in respect of receipts and issue of stock, Stock verification,

  • Valuation of material receipts,

  • Inventory control

Techniques of fixing the level of stocks- minimum, maximum, reorder point, safety stock, determination of optimum stock level,

Determination of Optimum Order quantity- Economic Order Quantity

Techniques of Inventory control- ABC Analysis, Fast, Slow-moving and Non-moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable (VED), Just-in-Time (JIT)- Stocktaking and perpetual inventory system, use of control ratios,

  • Inventory Accounting

  1. Employee Cost

  • Attendance and Payroll procedures

  • Employee Cost Control

  • Employee Turnover- Methods of calculating employee turnover, causes of employee turnover, effects of employee turnover

  • Utilization of Human Resource, Direct and indirect employee Cost, charging of employee cost, Identifying employee hours with work orders or batches or capital jobs.

  • Remuneration systems and incentive schemes- Premium Bonus Method (Halsey Plan and Rowan Plan)

  1. Overheads

  • Functional analysis- Factory, Administration, Selling, Distribution, Research and Development

  • Behavioral analysis- Fixed, Variable and Semi-Variable

  • Allocation and Apportionment of overheads using Absorption Costing Method

  • Factory Overheads- Primary and secondary distribution,

  • Administration Overheads- Method of allocation to cost centres or products,

  • Selling & Distribution Overheads- Analysis and absorption of the expenses in products/ customers, the impact of marketing strategies, the cost-effectiveness of various methods of sales promotion.

  • Treatment of Research and development cost in cost accounting

  1. Concepts of Activity Based Costing (ABC)

  2. Recording and Accounting of Costs

  • Non-integrated Cost Accounting system- Ledger under the non-integral system

  • Integrated (Cost and Financial) Accounting system – Ledgers under an integral system

  • Difference between the Non- integrated and Integrated Accounting system

  • Reconciliation of profit as per Cost and Financial Accounts (under Non- Integrated Accounting System)

  1. Methods of Costing

  1. Single Output/ Unit Costing

  2. Job Costing: Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing

  3. Batch Costing: Determination of optimum batch quantity, Ascertainment of cost for a batch, Preparation of batch cost sheet, Treatment of spoiled and defective work.

  4. Contract Costing

  • Ascertainment of cost of a contract, Progress payment, Retention money Escalation clause, Cost-plus contract, Value of work certified, Cost of Work not certified.

  • Determination Value of work certified, Cost of work not certified, Notional or Estimated profit from a contact

  1. Process/ Operation Costing

  • Process cost recording, Process loss, Abnormal gains and losses, Equivalent units of production, Inter-process profit, Valuation of work in process.

  • Joint Products- Apportionment of joint costs, Methods of apportioning joint cost over joint products,

  • By-Products- Methods of apportioning joint costs over by-products, treatment of By-product cost

  1. Costing of Service Sectors

  • Determination of Costs and Prices of services

  1. Cost Control and Analysis

  1. Standard Costing

  • Setting up of Standards, Types of Standards, Standard Costing as a method of performance measurement.

  • Calculation and Reconciliation of Cost Variances-Material Cost Variance, employee Cost Variance, Variable Overheads Variance, Fixed Overhead Variance

  1. Marginal Costing

  • Basic concepts of marginal costing, Contribution margin, Break-even analysis, Break –even and profit volume charts, Contribution to sales ratio, Margin of Safety, Angle of Incidence, Cost-Volume-Profit Analysis (CVP), Multi-product break-even analysis, Consideration of Limiting factor (key factor),

  • Determination of Cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in-progress,

  • Comparison of Marginal costing with absorption costing method- Reconciliation of profit under both methods,

  • Short term decision making using the above concepts (basic/fundamental level).

  1. Budget and Budgetary Control

  • Meaning of Budget, Essentials of Budget, Budget Manual, Budget setting process, Preparation of Budget and monitoring procedures.

  • The use of budget in planning and control

  • Flexible budget, Preparation of Functional budget for operating and non-operating functions, Cash budget, Master budget,

  • Introduction to Principal/ Key budget factor, Zero-Based Budgeting (ZBB), Performance budget, Control ratios and Budget variances.

Demo Class


There are no reviews yet.

Be the first to review “CA Inter Cost and Management Accounting”

Your email address will not be published. Required fields are marked *