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ABOUT THE COURSE:
Cost Accounting involves the classification, measurement, and allocation of costs to products, processes,or activities. It helps in determining the cost of production, preparing cost sheets, fixing selling prices,measuring efficiency, and identifying areas of cost reduction. Cost Management extends the scope of costaccounting by emphasizing the use of cost information for strategic planning and decision-making. It aimsnot only at cost control but also at cost optimization and value creation. Techniques such as budgeting,standard costing, marginal costing, activity-based costing, and variance analysis are used to improveefficiency, profitability, and competitive advantage. In today’s dynamic business environment, CostAccounting and Management plays a vital role in enhancing operational efficiency, improving resourceutilization, and supporting managerial decisions. By providing accurate and timely cost information, it helpsorganizations achieve their objectives of growth, sustainability, and profitability.
INTENDED AUDIENCE:UG and PG students of MBA, M.com, CA, CMA and B.com
PREREQUISITES: 10+2
INDUSTRY SUPPORT:Manufacturing , Banking and Financial Services
Cost Accounting involves the classification, measurement, and allocation of costs to products, processes,or activities. It helps in determining the cost of production, preparing cost sheets, fixing selling prices,measuring efficiency, and identifying areas of cost reduction. Cost Management extends the scope of costaccounting by emphasizing the use of cost information for strategic planning and decision-making. It aimsnot only at cost control but also at cost optimization and value creation. Techniques such as budgeting,standard costing, marginal costing, activity-based costing, and variance analysis are used to improveefficiency, profitability, and competitive advantage. In today’s dynamic business environment, CostAccounting and Management plays a vital role in enhancing operational efficiency, improving resourceutilization, and supporting managerial decisions. By providing accurate and timely cost information, it helpsorganizations achieve their objectives of growth, sustainability, and profitability.
INTENDED AUDIENCE:UG and PG students of MBA, M.com, CA, CMA and B.com
PREREQUISITES: 10+2
INDUSTRY SUPPORT:Manufacturing , Banking and Financial Services
