3 Days Free Access To all Papers

Cost and Management Accounting

Cost and Management Accounting

CS Executive (Old Syllabus) - Paper 2 : Cost and Management Accounting

ICSI has introduced this paper Cost and Management Accounting at the CS Executive level (Old Syllabus) to give a CS an holistic idea of how an organisation works internally. 

Cost And Management Accounting
Cost And Management Accounting
Introduction to Cost and Management Accounting
Service Costing
Introduction to Cost and Management Accounting
Paper 1
Paper 3
Paper 4
Paper 5
Paper 6
Paper 7
June 2018
December 2018
June 2017
December 2017

More about Cost and Management Accounting

What is Cost and Management Accounting?
  • Cost and Management Accounting is an enabler for a CS to face today’s ever-growing global business environment with overall skill sets  
  • Cost and Management Accounting assures moderate level of knowledge in costing concepts and application of the same 
Why has ICSI introduced this paper, Cost and Management Accounting at CA Executive Level?

While as a CS, it may be counterintuitive to study costing, ICSI has introduced this paper for the reason that it gives you a holistic idea of how an organisation works internally.  

What are the topics covered in Cost and Management Accounting?
  • Introduction 
  • Elements of Cost – Material, Labour & Overheads 
  • Activity Based Costing 
  • Cost Sheet 
  • Cost Accounting System 
What is the best approach to study Cost and Management Accounting?
  • Read the question properly; many students would have understood the concepts correctly but may not have answered in the way ICSI expects you to write the answer 
  • Conceptual knowledge is a must because adjustments in a question can be different from that of study material issued by ICSI 
  • You may make not of all the numerical data given at the beginning of your solution while reading the question 
  • Examiners play with English in this paper; it is important to understand the question correctly 
  • Present all the steps in form of working notes. Also, give appropriate references to the main answer 
  • Do not skip any chapter 
  • Make note of difficult adjustments that you find while practicing either in separate book or just in the corner of page where the problem is found. This exercise will help in saving time while revising 
See how CA Hariharan, CMA Raveendranath Kaushik, CA Chinmaya Hegde and CA Vageesh Hegde teach this paper Cost and Management AccountingSign up to get a free trial!
Course Content Available


Estimated Lectures

Lectures Available in the Portal

CA Hariharan




CMA Ravindranath Koushik


CA Chinmaya Hegde


CA Vageesh Hegde


Available Lectures for Cost and Management Accounting
Chapter Name Number of Lectures
 1. Introduction to Cost and Management Accounting 3
 2. Material Cost 6
3. Labour Cost 5
 4. Direct Expenses and Overheads 5
5. Activity Based Costing (ABC) 5
6. Cost Records 3
7. Costing Systems 16
8. Marginal Costing 6
 9. Standard Costing 9
 10. Budget, Budgeting and Budgetary Control 5
11. Cost Accounting Records and Cost Audit 2
12.Analysis and Interpretation of Financial Statements 18
 13 : Past Examination Questions 15