Cost And Management Accounting- CA Intermediate
CA Inter Costing is one of the key topics for passing the second round of the CA course. Additionally, the curriculum's goal is to give intermediate-level students an organized study schedule for resolving costing and management-related tax concerns. To fully comprehend the numerous provisions related to Cost and management and learn how to manage each account, CA candidates must study all the chapters of CA inter costing.
Students must rigorously prepare themselves because CA inter cost and management accounting is thought to be a very difficult subject. This requires familiarity with the syllabus and exam format as well as the use of the top CA inter-costing study material, such as thorough study notes, practice tests, papers with multiple-choice questions, and previous question papers.
CA Inter Costing-Syllabus
The CA Inter Cost and management accounting course is routinely revised by the ICAI. Therefore, it is advisable that CA candidates acquire the most recent CA inter costing syllabus before beginning their study. They may then concentrate on learning the exam material that is most important. The curriculum also contains all the instructions needed for students to create a successful study schedule in order to pass the CA inter Costing examination.
The CA inter-cost accounting course is divided into two sections, Module 1 and Module 2. There are several chapters in both halves that go through the specifics of various taxes. All of the chapters covered in the current CA inter Costing syllabus are listed in the table below:
Cost And Management Accounting CA Intermediate Syllabus Module 1
Chapter 1: Introduction to Cost and Management Accounting
Learning Outcomes:
State the meaning, objective and importance of cost and management accounting.
Discuss the functions and role of the cost accounting department in an organization.
Chapter 2: Material Cost
Learning Outcomes:
State the meaning, need and importance of materials,
Discuss the procedures and documentation involved in procuring, storing and issuing material.
Chapter 3: Employee Cost
Learning Outcomes:
State the meaning and importance of employee (labor) cost in an organization.
Discuss the attendance and payroll procedures.
Chapter 4: Overheads: Absorption Costing Method
Learning Outcomes:
Discuss the meaning of Overheads- Production, Administrative and Selling & Distribution.
Discuss the meaning and methods of allocation, apportionment and absorption of overheads.
Chapter 5: Activity Based Costing
Learning Outcomes:
Discuss problem of traditional costing system
Discuss Cost Allocation under ABC.
Chapter 6: Cost Sheet
Learning Outcomes:
Classify and ascertain cost on the basis of function.
Prepare cost sheet/statement for production of goods and providing of services.
Chapter 7: Cost Accounting System
Learning Outcomes:
Discuss the Cost Accounting System.
Differentiate between Integral and Non- Integral system of accounting.
Cost And Management Accounting CA Intermediate Syllabus Module 2
Chapter 8: Unit & Batch Costing
Learning Outcomes:
Describe Unit Costing method.
Prepare and calculate the Cost under Unit Costing
Chapter 9: Job Costing and Contract Costing
Learning Outcomes:
Describe Job Costing methods.
Determining Cost for a job.
Chapter 10: Process & Operation Costing
Learning Outcomes:
State the meaning of Process and Operation Costing.
Compute equivalent completed production units.
Chapter 11: Joint Products & By Products
Learning Outcomes:
Discuss the meaning of Joint products and By-products.
Differentiate between joint products and by-products.
Chapter 12: Service Costing
Learning Outcomes:
Discuss the cost accounting method for service sectors.
State the units used in different service sectors.
Chapter 13: Standard Costing
Learning Outcomes:
Discuss the meaning of standard cost and variances.
Differentiate between controllable and uncontrollable variances.
Chapter 14: Marginal Costing
Learning Outcomes:
Explain the meaning and characteristics of Marginal Costing.
Calculate and explain the various formulae used in CVP analysis.
Chapter 15: Budget and Budgetary Control
Learning Outcomes:
State the meaning of budget and budgetary control.
Essentials of budget.
CA Inter Costing Chapter Wise Weightage
Although the CA Inter cost and management accounting syllabus provides students with information on all the subjects they must study for the test, mastering the high-yielding chapters is essential for success. Additionally, chapter-wise weighting enables students to plan their study strategies and concentrate on the most important subjects. Students can efficiently study for the CA Inter test in this method.
In the given table below the chapter-wise weightage of CA inter costing is provided:
Chapter 1: Introduction to Cost and Management Accounting
Weightage- 12-15%
Chapter 2: Material Cost
Chapter 3: Employee Cost
Chapter 4: Overheads: Absorption Costing Method
Chapter 5: Activity Based Costing
Chapter 6: Cost Sheet
Chapter 7: Cost Accounting System
Weightage- 30-40%
Chapter 8: Unit & Batch Costing
Chapter 9: Job Costing and Contract Costing
Chapter 10: Process & Operation Costing
Chapter 11: Joint Products & By Products
Chapter 12: Service Costing
Weightage- 20-30%
Chapter 13: Standard Costing
Chapter 14: Marginal Costing
Chapter 15: Budget and Budgetary Control
Weightage- 20-25%
CA Inter Costing Study Material
The Board of Studies of ICAI is the best source for CA Intermediate applicants when it comes to materials for CA Inter costing. For every Intermediate paper, the ICAI website provides modules and a variety of extensive online resources. As a result, applicants must use these resources as their first step in preparation. However, students must consult trustworthy sources in order to improve their understanding of crucial cost and management accounting themes. They ought to pick publications written by well-known CAs for this purpose. Additionally, as they use the most recent CA Intermediate curriculum, CA hopefuls must make sure to get only the most recent version.
The top ICAI resources that are offered in the PW store are shown in the following list:
CA Intermediate Corporate and Other Laws, Cost & Management Accounting, Income Tax, Goods & Services Tax, Accounting Combo (Set of 5 books)- 2023
CA Intermediate Advanced Accounting- 2023
CA Intermediate Auditing & Assurance- 2023
CA Intermediate Enterprise Information Systems & Strategic Management- 2023
CA Intermediate Financial Management & Economics for Finance- 2023
CA Intermediate Corporate and Other Laws- 2023
CA Intermediate Taxation (Goods and Services Tax)- 2023
CA Intermediate Accounting- 2023
CA Intermediate Taxation (Income Tax)- 2023
Benefits of PW’s CA Inter Costing Study Material
The CA Inter Costing books that are offered on PW Store are painstakingly created to cover every curriculum topic. They also emphasize improving their test performance by carefully outlining each and every aspect of costing and management accounting. They also provide chapter-specific practice questions to help pupils develop their problem-solving abilities.
The following are some notable advantages of using CA Inter Costing books from the PW Store for preparation:
Complete comprehension of syllabus themes thanks to thorough chapter explanations.
Exam-based MTP and RTP questions aid in increasing accuracy and speed.
Quick review before the exam is ensured with concise notes on every subject.
Problems with costing and management issues at an advanced level help students be more adept at handling challenging test problems.
Solved examples instruct students on how to approach descriptive test questions correctly.
CA Inter Costing FAQs
Ques:- How many papers are there in the CA Intermediate course?
Ans:- There are eight papers in the CA Intermediate course.
Ques:- Are calculators allowed in the CA Intermediate Costing and Management Accounting exam?
Ans:- Yes, calculators are allowed in the exam.
Ques:- What is the duration of the CA Intermediate Costing and Management Accounting exam?
Ans:- The exam duration is three hours.
Ques:- How many marks is the CA Intermediate Costing and Management Accounting paper worth?
Ans:- The paper is worth 100 marks.
Ques:- Can I use a formula sheet in the CA Intermediate Costing and Management Accounting exam?
Ans:- No, you are not allowed to use a formula sheet in the exam.
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