Cost & Management Accountant

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About Course

Build practical expertise in cost accounting, budgeting, cost control, management accounting, financial analysis, performance measurement, MIS reporting, and strategic decision-making. This career-focused program equips learners with hands-on skills to analyze costs, improve profitability, support management decisions, and contribute effectively to an organization’s financial planning and performance.

What Will You Learn?

  • Gain practical, job-ready skills in cost accounting, budgeting, cost control, standard and marginal costing, variance analysis, management accounting, financial analysis, profitability assessment, Advanced Excel, MIS reporting, and performance management to support effective business planning, cost optimization, and management decision-making.

Course Content

1. Cost Accounting Fundamentals
Concepts and classification of costs Cost units & cost centres Direct and indirect costs Preparation of cost sheets

2. Material Cost Management
Material costing and control Inventory valuation methods EOQ & stock levels Material variance analysis

3. Labour & Employee Costing
Labour cost calculation Time and piece-rate systems Incentive schemes Labour efficiency analysis

4. Overheads & Activity-Based Costing
Classification of overheads Allocation & apportionment Overhead absorption Activity-Based Costing (ABC)

5. Methods of Costing
Job & batch costing Contract costing Process costing Service/operating costing

6. Marginal Costing & CVP Analysis
Contribution & P/V ratio Break-even analysis Margin of safety Make-or-buy decisions

7. Budgeting & Budgetary Control
Functional budgets Cash budgets Flexible budgets Master budget preparation

8. Standard Costing & Variance Analysis
Standard cost concepts Material & labour variances Overhead variances Variance interpretation

9. Management Accounting & Decision-Making
Management accounting concepts Relevant costing Pricing decisions Short-term business decisions

10. Financial Analysis & Performance Management
Ratio analysis Profitability analysis Working capital analysis KPI & performance measurement

11. Advanced Excel & MIS Reporting
Advanced Excel functions Cost and budget models MIS reports & dashboards Management reporting

12. Practical Projects & Career Readiness
Cost sheet preparation Budgeting & variance projects Business case studies Practical MIS reporting Interview & job-role preparation

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