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CMA Inter Costing Syllabus (cma inter costing video)

SECTION A: COST ACCOUNTING – PRIME COSTS & OVERHEADS [60 MARKS]

1. General Purpose Cost Statement: Cost Accounting Standards (CASs) (issued by the Institute of Cost Accountants of India from time to time), Generally Accepted Cost Accounting Principles (GACAP) – Purpose, Objective and Applicability

2. Business Process Analysis – Cost Centre and Cost Allocation

(a) Materials (CAS 6):

       (i) Procurement of materials – classification and coding, inventory management and control, JIT (just in time), return to suppliers, pricing of receipts, Physical verification and related              issues

      (ii) Scrap, wastage, pilferage, obsolescence, normal loss, abnormal loss (CASs related to above items) – framework

(b) Employee Costs (CAS 7):

        (i) Employee routines, classification of Employee, time keeping, time booking, payroll preparation, disbursement of wages. Principles and methods of remuneration, Productivity   Linked  Incentive (PLI) Schemes

        (ii) Accounting control and reporting, Accounting for Employee Cost, Computation of Employee Cost rates, Idle time, Overtime, Employee turnover, Employee cost reporting

(c) Direct expenses and problems connected therewith (CAS 10)

(d) Overhead (with reference to all Cost Accounting Standards related to Overhead):

(i) Classification of overheads; Overhead Cost Accounting

(ii) Accounting and control of overheads, computation of pre-determined overhead recovery rates, treatment of over and under absorption of overhead costs. Reports of control of overhead costs

(iii) Miscellaneous items of expenses – capacity costs, treatment of depreciation in costs

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Costing I CA Inter I CMA Inter I Process Costing Part 2 I ICAI Study Material i Prashant Bhardwaj 

#Get Video Lectures CMA Inter Paper 8 Costing Video Lectures by Prof Prashant Bhardwaj in Download link, Pen Drive