Transcription of STUDY NOTE 1 - CGA
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MANAGEMENT ACCOUNTING STUDY Material Prepared By INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA for Junior Accounts Officer(Civil) Examination Conducted By CONTROLLER GENERAL OF ACCOUNTS STUDY MATERIAL PREPARED BY ICWAI FOR (CIVIL) EXAMINATION 1 BASICS OF COST ACCOUNTING Evolution of Cost Accounting, Cost Concepts and Cost Page . No Classification 1 Introduction 1 Evolution of Cost Accounting 2 Financial Accounting and Cost Accounting 3 Management Accounting 4 Financial, Cost and Management Accounting .5 Cost Concept and Cost Object 6 Cost Management 7 Cost Classification 10 Methods of Costing 12 Techniques of Costing 13 Specific Cost Systems 14 Cost Department and its relationship with other Departments 16 Installation of Costing System 17 Specimen Questions with Answers 18 Test Yourself 20 EVOLUTION OF COST ACCOUNTING, COST CONCEPTS AND COST CLASSIFICATION INTRODUCTION Traditionally, cost accounting is considered as the technique and process of ascertaining costs of a given thing.
selective Cost Audit under Section 233-B of the Companies Act, 1956 and framed Cost Accounting Record Rules, 1968 for this purpose. Although Cost Audit is not compulsory, but selective for a few nominated industries yet the profession was greatly benefited, and more persons are now interested to join the profession. Today, the extensive
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