INFORMATION OF PRODUCT

About Cost Accounting Course:

The most important subject, Cost Accounting, is taught by CMA Chander Dureja. This subject's primary object in CMA is to help the students to get a profound understanding of the Cost Accounting principles. The techniques are used in real world scenarios for identification, classification and analysis of the different cost components that helps the management in the decision-making process.

The subject aims to test the following strengths of the student:

Understanding of the Cost Accounting conceptual framework
Basic concepts that are used in the determination of the cost of products and services
Understanding of the Cost Accounting Standards (CAS)
Application of the concept of marginal costing in decision making.
Application of the concept of Standard Costing for carrying out further analysis.

Syllabus:

As per the ICMAI, the sections are divided into three broad sections:

Section – A: Introduction to Cost Accounting (40 Marks)

Cost Ascertainment – Elements of Cost
Cost Accounting Standards
Cost Bookkeeping

Section – B: Methods of Costing (30 Marks)

Job Costing
Batch Costing
Contract Costing
Process Costing – Normal and abnormal losses, equivalent production, Joint, and By-Products.
Operating Costing or Service Costing – Transport, Hotel, and Hospital

Section – C: Cost Accounting Techniques (30 Marks)

Cost Ascertainment – Elements of Cost
Cost Accounting Standards
Cost Bookkeeping

No of the Videos provided in the Pen Drive classes for Cost Accounting:

Cost Sheet - 6 Videos
Reconciliation of Cost and Financial Accounts – 6 Videos
Marginal Costing - 12 Videos
Budgetary Cost and Control-6 Hours & 30 min - 7 Videos
Material Cost and Control - 6 Videos
Labour Cost and Control - 9 Videos
Overhead Cost and Control - 7 Videos
Standard Costing – 6 Videos
Integral Accounts – 2 Videos
Operating Costing – 9 Videos
Process Costing and Equivalent Units – 2 Videos
CAS-10 – 3 Videos
Job Costing – 3 Videos
Contract Accounts – 4 Videos
Activity-Based Costing - 2 Videos
Batch Costing – 3 Videos
Theory of Costing Concepts – 7 Videos
Joint Product & Buy Product – 4 Videos

Why take Pen Drive video Classes from CD Classes?

Our Pen Drive video classes are one of the best in the country due to the following reasons:

Up-to-Date Syllabus: Our study material for CMA is at par with the current CMA Guidelines. The past question papers are also kept in mind while preparing the curriculum.

Teaching Faculty: The faculty teaching the CMA subjects is highly professional and have both extensive knowledge and experience when it comes to teaching challenging subjects.

Previous Results: The past results and records for our students were excellent. Most of the students who took our Pen Drive video classes have cleared the paper in one go. Moreover, our overall feedback is outstanding.

Brief About Cost Management Accounting (CMA)

Cost Management Accounting is a professional certification in strategic management and financial accounting. CMA certification is globally recognized and it has a primary focus on management and financial accounting. This professional certification is offered by Institute of Management Accountants (IMA) and Certified Management Accountants (ICMA) is responsible for awarding the CMA certificates. The primary job of CMAs is firstly to crunch the numbers for budget analysis and also come up with strategic decisions for the businesses by giving out insights. These individuals also have the duty of promoting investments to strengthen the financial position of the company.

Brief About CMA Inter Group

CMA examination has three levels – Foundation, Intermediate and Advanced levels. So, The CMA intermediation is the second stage of the examination that is required to be cleared to get a Cost and Management Accountant (CMA) degree. CMA Intermediate has further two groups – Group 1 & Group 2. One of the subjects in the Inter group 1 is CMA inter cost accounting which is a challenging subject as it involves both theoretical and technical classes. In order to clear the CMA, inter cost accounting, one would require professional CMA inter cost accounting classes from a renowned source such as CD Classes.

About CMA inter cost accounting

Here are some of the tips stated by experts from CD Classes on how to clear CMA Inter cost accounting in the first go:

The core subject of Cost and Management Accountant is Cost Accounting; hence the Cost Accounting (Paper-8) is considered to be one of the toughest papers in the course. At no point should the test taker underestimate this subject, as it might look easy, but in reality, is very technical.

 

• The CMA inter cost accounting syllabus is very exhaustive. So before starting to prepare, the test takers need to have a crystal-clear idea about the syllabus.


• The three most important chapters that are a part of the CMA inter cost accounting syllabus are - Materials, Labour, and Overheads. As these three chapters form the core of the entire cost accounting syllabus.


• The two relatively simpler chapters are Construction Costing and Cost Accounting Standards (CAS), and are also the two most scoring chapters. Make sure to focus on them properly. 


• Cost Accounting as a subject consists of many formulas, specially in the following chapters - Materials, Labour, Overheads, and Standard Costing. In the CMA inter cost accounting lectures, the experts make sure to maintain a formula sheet and go through it each day. 


• It is important to have a Cost Accounting Standards (CAS) list from 1-24 each day, to retain the information.
  

• Cost Sheet – 6 Videos

• Reconciliation of Cost and Financial Accounts – 6 Videos

• Marginal Costing – 12 Videos

• Budgetary Cost and Control-6 Hours & 30 min – 7 Videos

• Material Cost and Control – 6 Videos

• Labour Cost and Control – 9 Videos

• Overhead Cost and Control – 7 Videos

• Standard Costing – 6 Videos

• Integral Accounts – 2 Videos

• Operating Costing – 9 Videos

• Process Costing and Equivalent Units – 2 Videos

• CAS-10 – 3 Videos

• Job Costing – 3 Videos

• Contract Accounts – 4 Videos

• Activity-Based Costing – 2 Videos

• Batch Costing – 3 Videos

• Costing Concepts – 7 Videos


• Joint Product & Buy Product – 4 Videos