Status: In Progress

S1

Introduction to Management and Cost Accounting

• What is Accounting?
• What is the difference between Financial and Management Accounting?
• What are the environmental impact and trends in MA?
• What is the function of MA?
• Requirements for Cost and Management Accounting Info System

Cost Accounting Concepts

• Cost Objects
• Direct & Indirect Cost
• Period & Product Cost
• Cost Behaviour: Fixed & Var Cost
• Avoidable & Unavoidable Cost
• Sunk Cost
• Opportunity Cost
• Prime Cost
• Conversion Cost