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Cost Management & Accounting & Financial Management

Cost & Management Accounting and Financial Management

CMA Intermediate - Paper 10 : Cost & Management Accounting and Financial Management

ICMAI has introduced this paper Cost & Management Accounting and Financial Management at the CMA Intermediate level so that you will be able to identify ways to maximise revenue and ensure that the company runs smoothly in terms of operations. In addition, you will learn how to help business keep their costs at a minimum and to leverage their resources properly.   

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Cost & Management Accounting and Financial Management
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Introduction and Marginal Costing Basics
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Paper 6
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More about Cost & Management Accounting and Financial Management

What is Cost & Management Accounting and Financial Management?
  • Cost & Management Accounting is a branch of accounting that aims to overcome the limitations of Financial Accounting. The idea is to manage revenues and expenses to maximise profitability  
  • Financial Management is nothing but applying general management principles such as planning, organising etc. to financial resources so that the organisational goals and objectives are met 
Why has ICMAI introduced this paper, Cost & Management Accounting and Financial Management, at the CMA Intermediate Level?
  • Cost & Management Accounting is one of the core competency areas of a CMA 
  • As a CMA, you need to identify ways to maximise revenue and ensure that the company runs smoothly in terms of operations 
  • You will help business keep their costs at a minimum and to leverage their resources properly 
  • Financial Management is important because it helps you to make decisions that will maximise the value of the business 
What are the topics covered in Cost & Management Accounting and Financial Management at the CMA Intermediate level?

Under Cost & Management Accounting, you will: 

  • Get an introduction to cost and management accounting 
  • Understand the necessary decision-making tools 
  • Understand budgeting and budgetary control 
  • Understand the concepts of standard costing and variance analysis 
  • Know what a learning curve is 

Under Financial Management, you  

  • Get an introduction to Financial Management and its objectives 
  • Gain knowledge of the tools used for Financial Analysis and Planning 
  • Understand the concept of Working Capital Management, Cost of Capital, Capital Structure Theories, Dividend Decisions and Leverage Analysis 
  • The concepts behind Capital Budgeting and Investment Decisions 
What is the best approach to studying cost & management accounting and financial management?
  • Concentrate on understanding the theoretical concepts  
  • Practice a lot of problems in the domain 
  • Refer to previous years’ examination papers to get an idea of the questions 
  • Understand the formulae and concepts involved rather than mugging them up 
  • While studying from online video lectures take an active role rather than a passive one. Take short notes while watching videos to retain concepts in your memory 
See how CA Hariharan, CMA Raveendranath Kaushik, CA Tarun Jagdish, CA Vageesh Hegde and Prof. Venkitakrishnan Hariharan teach this paper Cost & Management Accounting and Financial ManagementSign up to get a free trial!
Course Content Available
 

Faculty

Estimated Lectures

Lectures Available in the Portal

CA Hariharan

105

1

 CMA Raveendranath Koushik

15

CA Tarun Jagdeesh

7

CA Vageesh Hegde

59

Prof. Venkitakrishnan Hariharan

22

Available Lectures for Cost & Management Accounting and Financial Management
 
Chapter Name Number of Lectures

Series1:

Section A: Cost & Management Accounting 

1 : Cost and Management Accounting - Introduction 1
2 : Decision Making Tools 7
3 : Budgeting and Budgetary Control 4
4 : Standard Costing and Variance Analysis 9
 5 : Learning Curve 2
Series 1:
Section B: Financial Management 
 6 : Introduction to Financial Management 1
7 : Tools for Financial Analysis and Planning 18
 8 : Working Capital Management 20
9 : Cost of Capital, Capital Structure Theories, Dividend Decisions and Leverage Analysis 16
10 : Capital Budgeting - Investment Decisions 22
Series 2:
Section B: Financial Management
10 : Capital Budgeting - Investment Decisions 5