CMA Knowledge Series — Cost Accounting

This edition of CMA Knowledge Series on Cost Accounting, updated in line with the New Syllabus 2022 prescribed by The Institute of Cost Accountants of India (ICMAI), serves as a comprehensive and reliable reference for students preparing for the CMA Intermediate (Group 1 – Paper 08) examination, applicable for December 2025 and June 2026 attempts.

The book presents the concepts, techniques, and applications of cost accounting in a simple and structured manner—combining theory with extensive practical illustrations—making it ideal for both self-study and guided learning. It ensures students develop analytical skills for cost control, decision-making, and performance evaluation in line with examination requirements.

Contents include:
• Introduction to Cost Accounting – Nature, Scope, and Objectives
• Cost Concepts, Classifications, and Cost Sheet Preparation
• Material Cost Control – Procurement, Storage, and Issue Pricing Methods
• Labour Cost – Remuneration Systems, Incentives, and Labour Turnover
• Overheads – Classification, Allocation, Apportionment, and Absorption
• Activity-Based Costing (ABC) and Cost Drivers
• Unit, Job, Batch, and Process Costing (including Inter-Process Profits and Joint/By-products)
• Contract Costing and Operating Costing (Service Costing)
• Marginal Costing and Cost-Volume-Profit Analysis
• Budgetary Control and Standard Costing – Variance Analysis
• Reconciliation of Cost and Financial Accounts

Highlights of this Book:
• Complete coverage of Syllabus 2022.
• Step-by-step solutions to problems with detailed working notes.
• Comprehensive coverage of past CMA Inter exam questions with hints and answers.
• Inclusion of model test papers for examination readiness.
• Clear conceptual explanations supplemented by practical examples.
• A single-point solution for cracking CMA Intermediate (Paper 08).

Suitable for:
• CMA Inter aspirants looking for an exam-focused, syllabus-aligned resource.
• Students and faculty in coaching institutions requiring structured material.
• Professionals aiming to strengthen their costing knowledge for management decision-making.

Whether for concept-building, numerical practice, or revision, this updated Cost Accounting edition equips CMA Inter students with the complete skill set needed to excel in examinations and apply costing techniques in real-world scenarios.