170 Seats
Basic Information
Course Description
The main objective of this course is to make the trainee familiar with fundamental concepts and process of Management Accounting, which is helpful to the management in formulation of policies, application, control, execution and appreciation of effectiveness.
Course Duration
40 Hour Interactive classes
Course Syllabus
- Objectives & Function
- Classification of Costs
- Type of Costs
- Role of Cost in Decision making
- Cost Concepts
- Difference between Cost Accounting and Management Accounting. Cost Sheet – Introduction
- Cost Sheet –Preparation
- Marginal Costing principles & its application
- Marginal Cost Equation
- Concept of CVP Analysis
- CVP Relationship
- Use of variable costing in CVP analysis
- Concept of Fixed Cost
- Variable Cost & semi-variable cost
- Break-Even Analysis & its Application.
- Types of Budgets
- Fixed & Flexible Budget
- Functional Budget- Cash Budget
- Production Budget
- Sales Budget
- Purchase Budget
- Masters Budget.
- Concept of Variance Analysis
- Material
- Labour and Overhead Variances
- Concept of ABC Costing
- Components & Steps involved in ABC Costing
- Benefits of ABC Costing.
