इंर्पोटेंट कैरेक्टर स्टिक्स ऑफ कॉस्ट अकाउंटिंग
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Answer:
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Step-by-step explanation
acquainting the students with the basic concepts used in cost accounting and management
accounting having a bearing on managerial decision-making.
The entire paper has been discussed in twelve study lessons. In starting four study lessons we
have discussed the basics of cost accounting, material, labor, and overheads costs. Further
we have highlighted the concept of activity-based costing, cost records, different costing systems.
Thereafter study focuses on marginal costing, standard costing, budgeting & its applications for
decision making in business. At last, we have discussed cost accounting records, cost audit and
analysis & interpretation of financial statements.
In this study, every effort have been made to give comprehensive coverage of all the topics
relevant to the subject. In all study lessons the requisite theoretical framework for understanding the
practical problems in the subject have been explained and wherever necessary practical illustrations
have been given to facilitate better understanding. At the end of each study lesson a brief about the
the lesson has been given under the caption ‘Lesson Round Up’ as well as a good blend of theoretical and
practical questions have been given under the caption ‘Self Test Questions’ for the practice of
students to test their knowledge. In fact, this being a practical paper, students need to have good
theoretical knowledge and practice to attain the requisite proficiency and confidence.
This study material has been published to aid the students in preparing for the Cost and
Management Accounting paper of the CS Executive Programme. It is part of the education kit and
takes the students step by step through each phase of preparation stressing key concepts, pointers
and procedures. Company Secretaryship being a professional course, the examination standards are
set very high, with emphasis on knowledge of concepts, applications, procedures, and case laws, for
which sole reliance on the contents of this study material may not be enough.
Therefore, in order to supplement the information/contents given in the study material, students
are advised to refer to the Suggested Readings mentioned in the study material, e-bulletin, Business
Dailies and Journals.
In the event of any doubt, students may write to the Directorate of Academics and Professional
.