Unit-1 Nature, Scope of Management Accounting
Cost Accounting and Financial Accounting
Types of Accounting Cost Accounting Cost accounting is a crucial part of any accounting system,...
Management Accounting
Management Accounting Management accounting focuses on the design and use of accounting informati...
Cost Accounting versus Management Accounting
Cost Concepts
Basics of Costs What is Cost? Cost is the monetary value of resources sacrificed or to be sacrifi...
Elements of Cost
Cost accounting classifies costs into three primary categories: Material, Labor, and Expenses. M...
Total Cost and Cost Sheet
Total Cost Calculation Inventory Adjustments Several adjustments are made for changes in invento...
Overheads
Assignment of Direct and Indirect Costs Direct Costs: Costs that can be specifically and exclus...
Classification of Cost
Fixed Costs Fixed costs are those costs that remain constant in total amount regardless of chang...