Course Features

  • Lectures 0
  • Quizzes 0
  • Duration 10 week
  • Skill level All levels
  • Language English
  • Students 0
  • Assessments Yes


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To promote the knowledge of Cost and Management Accountancy to provide educational facilities for training of budding professionals for excelling in the field of management accounting. To promote the decision-making skills and administrative competence relevant to management accounting and corporate management in general.

Learning Aims

The syllabus aims to test the student’s ability to:

  • Focus on basic cost information, appropriately computed cost centre wise, system based cost data support for decision making processes
  • Ensure uniformity and maintain cost records as per Generally Accepted Cost Accounting Principles
  • Tabulate the cost information and construct the system thus evolved for gainful operation and use in the strategy making
  • For measuring productivity, profitability, etc.
  • Prepare cost audit report in compliance with statutory obligations
  • Understand the usefulness of cost audit and interpret for stakeholders view
  • Discuss the concepts of management audit and demonstrate its usefulness
  • Evaluate the performance of an organization through cost accounting records and cost audit reports
  • Recommend desired course of action for optimal utilization of scarce resources which can lead to improve the productivity and profitability of an organization

Section A : Cost Audit 35%

  • Nature, Scope, Utility and Advantages of Cost Audit
  • Companies (Cost Records & Audit) Rules, 2014
  • Professional Ethics, Misconduct, Offences and Penalties
  • Cost Accounting Standards
  • Cost Auditing and Assurance Standards
  • Format of Cost Audit Report – XBRL – Salient Features

Section B: Management Audit 15%

  • Management Reporting issues under Cost Audit
  • Management Audit – Meaning, Nature, Scope etc.
  • Energy Audit, Efficiency Audit, Propriety Audit and Systems Audit
  • Evaluation of Corporate Image – Corporate Development Audit
  • Impact of Environmental Pollution

Section C: Internal Audit, Operational Audit and other related issues 25%

  • Concept of Internal Audit
  • Provisions of Internal Audit under Companies Act, 2013
  • Audit Planning, Audit Programme, Audit workiong papers
  • Receivables Audit, Audit of Services and Local Bodies

Section D: Case Study on Performance Analysis 25%

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