The subject Company Accounts Cost and Management Accounting under Institute of Company Secretaries of India (ICSI) Executive Programme provides knowledge of accounting principles and procedures for companies according to the requirements. The subject gives the students an idea on cost and management accounting techniques.

Contents:

The subject is divided into two sub-parts:

Part A: Company Accounts which includes Accounting standards, Accounting for share capital transactions, Issue of debentures, Underwriting of issues and Valuation of shares and intangible assets.

Part B: Cost and Management Accounting and it includes Cost accounting, Elements of cost like material cost, labour cost, etc, Methods of costing, Budgetary control, Marginal costing, Analysis and interpretation of financial statements and Cash flow statements.

Recommended Books:

• Advanced Accounts-Vol. II by M.C.Shukla, T.S. Grewal & S.C.Gupta and published by S.Chand.

• Cost and Management Accounting by S.P.Jain & K.L.Narang, published by Kalyani Publishers.

• Cost Accounting by S.N.Maheswari & S N Mittal and published by Shree Mahavir Book Depot.

Pattern of the paper:

The total marks of the paper is 100 and the time allotted for the paper is 3 hours. The paper is divided into two sections of four questions each. The marks for each question varies and ranges from 1to 6. The 1st question in each of the section is compulsory to answer and any two of the remaining questions in each section have to be answered. The questions are further subdivided into several short and long type questions and hence a wide range of topics are covered in this subject.