{"id":3719,"date":"2026-03-16T12:30:00","date_gmt":"2026-03-16T12:30:00","guid":{"rendered":"https:\/\/commerce.vibrantonlineacademy.com\/?page_id=3719"},"modified":"2026-03-17T16:03:37","modified_gmt":"2026-03-17T16:03:37","slug":"cost-and-management-accounting","status":"publish","type":"page","link":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/cost-and-management-accounting\/","title":{"rendered":"UNIT – 8 : COST AND MANAGEMENT ACCOUNTING"},"content":{"rendered":"

Cost Accounting\u00a0<\/strong><\/h3>\n
Introduction to Cost Accounting: Meaning and Objectives<\/strong><\/a><\/h5>\n
Difference Between Cost Accounting and Financial Accounting<\/strong><\/a><\/h5>\n
Methods of Costing: Job, Process, Contract, etc.<\/strong><\/a><\/h5>\n
Techniques of Costing: Marginal, Standard, Absorption, etc.<\/strong><\/a><\/h5>\n
Classification of Costs: Fixed, Variable, Direct, Indirect<\/strong><\/a><\/h5>\n
Cost Units and Cost Centres<\/strong><\/a><\/h5>\n
Material Costing: Concepts and Importance<\/strong><\/a><\/h5>\n
Inventory Control Techniques: EOQ, ABC, VED<\/strong><\/a><\/h5>\n
Issue of Materials: FIFO, LIFO, Weighted Average<\/strong><\/a><\/h5>\n
Labour Costing: Time and Piece Rate Systems<\/strong><\/a><\/h5>\n
Labour Turnover: Causes and Effects<\/strong><\/a><\/h5>\n
Overheads: Classification and Allocation<\/strong><\/a><\/h5>\n
Absorption of Overheads: Methods and Problems<\/strong><\/a><\/h5>\n
Preparation of Cost Sheet<\/strong><\/a><\/h5>\n
Job Costing: Features and Accounting Procedure<\/strong><\/a><\/h5>\n
Process Costing: Features and Treatment of Losses<\/strong><\/a><\/h5>\n
Accounting for Joint Products<\/strong><\/a><\/h5>\n
Accounting for By-Products<\/strong><\/a><\/h5>\n
Operating Costing (Service Costing): Transport, Hospital, Hotel<\/strong><\/a><\/h5>\n
Contract Costing: Features and Work-in-Progress Treatment<\/strong><\/a><\/h5>\n
Standard Costing: Meaning and Uses<\/strong><\/a><\/h5>\n
Material Variance Analysis<\/strong><\/a><\/h5>\n
Labour Variance Analysis<\/strong><\/a><\/h5>\n
Activity Based Costing (ABC): Concept and Advantages<\/strong><\/a><\/h5>\n

Management Accounting\u00a0<\/strong><\/h3>\n
Introduction to Management Accounting<\/strong><\/a><\/h5>\n
Nature and Scope of Management Accounting<\/strong><\/a><\/h5>\n
Functions of Management Accounting<\/strong><\/a><\/h5>\n
Importance and Benefits of Management Accounting<\/strong><\/a><\/h5>\n
Analysis of Financial Statements: Objectives and Tools<\/strong><\/a><\/h5>\n
Comparative Financial Statements: Format and Interpretation<\/strong><\/a><\/h5>\n
Common Size Statements: Use and Preparation<\/strong><\/a><\/h5>\n
Trend Analysis: Interpretation of Trends in Financial Data<\/strong><\/a><\/h5>\n
Accounting Ratios: Meaning and Importance<\/strong><\/a><\/h5>\n
Liquidity Ratios (Current Ratio, Quick Ratio)<\/strong><\/a><\/h5>\n
Profitability Ratios (Gross Profit Ratio, Net Profit Ratio)<\/strong><\/a><\/h5>\n
Turnover Ratios (Inventory, Debtors, Creditors)<\/strong><\/a><\/h5>\n
Funds Flow Statement: Preparation and Analysis<\/strong><\/a><\/h5>\n
Cash Flow Statement (as per AS-3): Direct and Indirect Methods<\/strong><\/a><\/h5>\n
Budgets: Types (Flexible, Fixed, Sales, Cash)<\/strong><\/a><\/h5>\n
Budgetary Control: Meaning, Objectives, and Process<\/strong><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"

Cost Accounting\u00a0 Introduction to Cost Accounting: Meaning and Objectives Difference Between Cost Accounting and Financial Accounting Methods of Costing: Job, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3719","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/comments?post=3719"}],"version-history":[{"count":6,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3719\/revisions"}],"predecessor-version":[{"id":4442,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3719\/revisions\/4442"}],"wp:attachment":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/media?parent=3719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}