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?
Elements of Cost – Material, Labour & Overheads
Activity Based Costing
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 Accounting
To empower every student aspiring to be a CA, CS or CMA to master all subjects in their curriculum and pass their exams at the first attempt with an easy to use tool which they can use to study anytime anywhere