The Beginners Blueprint on Cost and Management Accounting course offers a comprehensive introduction to fundamental principles and practices in cost and management accounting. This course will serve as a solid foundation for understanding key concepts and techniques essential for effective cost analysis and management decision-making. Cost and management accounting is a branch of accounting that deals with the collection, analysis, interpretation, and presentation of financial and non-financial information to help managers make effective business decisions. It involves the identification, measurement, and allocation of costs to products, services, and activities. Cost and management accounting helps organizations control costs, improve performance, and maximize profits. Throughout the course, participants will delve into various aspects of cost accounting, starting with an exploration of basic terminology and concepts. They will learn how to classify different types of costs, distinguish between fixed and variable costs, and understand the relevance of cost behavior in decision-making processes. Moving beyond basic concepts, the course will cover essential techniques for cost accumulation, allocation, and measurement. Participants will gain hands-on experience in calculating product costs using methods such as job order costing, process costing, and service costing. Additionally, they will learn how to analyze cost-volume-profit relationships to assess the impact of changes in volume, price, and cost on profitability. Throughout this course, a range of topics, including cost behavior, cost classification, cost-volume-profit (CVP) analysis, budgeting, standard costing, variance analysis, process costing, and Marginal Costing will be covered. Topics covered will further aid the learners in understanding how cost and management accounting help managers in short-term decision-making.
| Course Status : | Ongoing |
| Course Type : | Core |
| Language for course content : | English |
| Duration : | 12 weeks |
| Category : |
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| Credit Points : | 4 |
| Level : | Postgraduate |
| Start Date : | 20 Jan 2025 |
| End Date : | 30 Apr 2025 |
| Enrollment Ends : | 28 Feb 2025 |
| Exam Date : | 17 May 2025 IST |
| Translation Languages : | English |
| NCrF Level : | 6.5 |
| Industry Details : | Banking & Financial Services |
| Exam Shift : | 1 |
Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.
Week 1: Introduction to Cost Accounting
Week 2: Cost Concept Classification & Elements of Cost
Week 3: Unit costing, Job costing, Contract Costing
Week 4: Process Costing & Service Costing
Week 5: Introduction to Budgeting
Week 6: Preparation of Functional Budgets
Week 7: Fixed and Flexible Budgets, Zero Base Budget
Week 8: Standard Costing
Week 9: Analysis of Variances
Week 10: Marginal Costing
Week 11: Decision-Making I
Week 12: Decision-Making II
• M.Y. Khan & P.K. Jain, Theory and Problems of Management and Cost Accounting; McGraw-Hill Education (India) Ltd.
• Prof. Hanif: Cost and Management Accounting, Mc Graw Hill India
• I.M. Pandey: Management Accounting;Vikas Publishing House (P) Ltd.
• M.N. Arora: Cost and Management Accounting (Theory and Problems); Himalaya Publishing House,
• S.N. Maheshwari: Cost and Management Accounting; Sultan Chand & Sons
• Ravi M. Kishore: Advanced Management Accounting; Taxmann’s, Taxmann Publication (P) Ltd.
• JawaharLal, Cost Accounting; McGraw-Hill Education (India) Ltd.
• https://icmai.in/upload/Students/Syllabus-2008/StudyMaterial/Cost_Mgmt_Ac.pdf
• https://www.icsi.edu/media/webmodules/publications/FULL_BOOK_PP-CMA-2017-JULY_4.pdf
Dr. Asha is currently working as an Assistant Professor Senior Scale and Course Coordinator in the Department of Commerce, Centre for Distance and Online Education, Manipal University Jaipur. She carries a rich experience of 16+ years in teaching Postgraduate and Undergraduate students. Her academic credentials include a Ph.D. in Commerce, Net Qualified in Management, MBA in Finance & Marketing, and an M.Com in Economic Administration and Financial Management. She has contributed to research by presenting many research papers at International and National Conferences & Seminars and the publication of articles in indexed journals of national and international repute, conference proceedings, and book chapters. She holds academic experience teaching subjects in the domains of accounts and finance, general management, and entrepreneurship.
Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.
Assessment Type | Weightage |
Weekend Assessment | 25% |
Final Exam | 75% |
Score | Type of Certificate |
>=90 | Gold |
75 - 89 | Silver |
70 - 74 | Bronze |
40 - 70 | Successfully Completed |
<40 | No Certificate |
Sample Certificate:
Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.
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