Cost Management Notes pdf – CM Notes of Total Modules
Please find the download links of Cost Management Notes pdf | CM Notes are listed below:
Module – 1
Introduction to Cost Management,Cost Accounting to Cost Management, Elements of costs ,classification of costs,Methods of costing, Cost Management Tools , A Strategic View to Cost Management ,Preparation of a Cost Sheet.
Module – 2
Overheads, Classification and Collection, Difference between Cost Allocation and Cost Apportionment, (Full-fledged Problems on Primary and secondary distribution, Simultaneous equations, Absorption of overhead, Theory on under and Over absorption of Overhead).
Module – 3
Marginal Costing – Nature and Scope – Applications – Break even charts and Point, Decision Making (all types with full problems) Differential Cost Analysis, Advantages and Disadvantages of Marginal Costing.
Module – 4
Budgetary Control – Objectives of Budgetary control, Functional Budgets, Master Budgets, Key Factor Problems on Production and Flexible Budgets.Standard Costing – Comparison with Budgetary Control, analysis of variances, simple problems on Material and Labour Variances Only.
Module – 5
Demerits of Traditional Costing, Activity Based Costing, Cost Drivers, Cost Analysis under ABC (Unit level, Batch level and Product Sustaining Activities), Benefits and weaknesses of ABC, Simple Problems under ABC.
Module – 6
Cost Audit – Objectives, Advantages, Areas and Scope of Cost Audit, Cost Audit in India – Practical – Read the contents of the report of Cost Audit and the annexure to the Cost Audit Report.Management Audit – Aims and the objectives, Scope of Management Audit.
Module – 7
Reporting to Management – Purpose of reporting – Requisites of a good report, Classifications of Report, Segment reporting, Applicability of Accounting Standard 17, Objectives, Users of Segment reporting. Cost Reduction, and Cost Control, Target Costing – its Principles, Balanced Scorecard as a performance measure – Features, Purpose, Reasons for use of Balanced Scorecard.