Cost & Management Accounting (Paper-10A) CMA Inter Group 2

SECTION A: COST & MANAGEMENT ACCOUNTING: (50 MARKS)
1. Cost and Management Accounting:
(a) Introduction to Management Accounting – Relationship between Management Accounting and Cost Accounting
2. Decision-Making Tools:
(a) Marginal Costing : Break Even Analysis and cost-volume-profit analysis; break-even charts and profit charts; differential cost analysis; stock valuation under marginal costing vs. absorption costing; applications of marginal costing in decision making
(b) Transfer Pricing – Determination of Inter-departmental or Inter-company Transfer Price
3. Budgeting and Budgetary Control:
(a) Budgetary Control and Preparation of Functional and Master Budgeting
(b) Fixed, Variable, Semi-Variable Budgets
(c) Zero Based Budgeting (ZBB)
4. Standard Costing & Variance Analysis:
(a) Computation of variances for each of the elements of costs, Sales Variances, Investigation of variances – Valuation of Stock under Standard Costing – Uniform Costing and Inter-firm comparison
5. Learning Curve:
(a) Concept of Learning curve and its application