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CS Executive Costing Mcq PDF For December 2018 Exam

CS Executive Costing Mcq PDF For December 2018 Exam

CS Executive Costing Mcq pdf: 

This article provides exclusive information on  CS Executive Cost and Management Accounting MCQ.

CS Executive Costing Mcq PDF

CS Executive Costing Mcq PDF

Through this article Student can get the complete information regarding the CS Executive Costing Syllabus, Question papers, Books.

Syllabus of Cost and Management Accounting

CS Executive Costing Mcq pdf:  Student should know about CS Executive Syllabus while preparing CS Executive Exam. CS Executive costing revised syllabus for June 2018 exam are given Below :

1. Introduction to Cost and Management Accounting
• Cost Accounting: Evolution, Meaning, Objectives and Scope
• Concepts of Costs , Classifications and Elements of Cost
• Cost Centre and Cost Unit
• Methods and Techniques of Costing
• Cost Accounting Standards
• Installation of a Costing System
• Practical Difficulties in Installing a Costing System
• Role of Cost Accountant in Decision Making
• Management Accounting: Evolution, Meaning, Objectives and Scope
• Tools and Techniques of Management Accounting
• Relationship of Cost Accounting, Financial Accounting, Management Accounting and
Financial Management
• Conflicts in Profit versus Value Maximisation Principle
• Role of Management Accountant in Decision Making

2. Material Cost
• Materials Control – Concept and Techniques
• Procurement Procedures and Documentation: Methods of Purchasing; Procedure of
Purchases, Stores and Issue of Material; Stock Verification
• Methods of Pricing of Material: FIFO, LIFO, Simple Average, Weighted Average
• Accounting and Control of Material Losses, Wastage, Scrap, Spoilage and Defectives
• Inventory Management: Techniques of fixing of minimum, maximum and reorder levels,
Economic Order Quantity, ABC Analysis ; Stock Verification and Perpetual Inventory

3. Labour Cost
• Meaning and Classification of Labour Costs
• Accounting and Control of Labour Costs
• Time Keeping and Time Booking
• Attendance and Payroll Procedures, Time Recording, Overtime and Idle Time
• Labour turnover and Remedial Measures
• Efficiency Rating Procedures; Remuneration Systems and Incentive Schemes

4. Direct Expenses and Overheads
• Direct Expenses: Meaning, Nature, Collection, Classification and Treatment of Direct and
Indirect Expenses
• Overheads: Meaning, Nature, Collection and Classification Functional Analysis: Factory,
Administration, Selling, Distribution, Research and Development
• Behavioural Analysis: Fixed, Variable, Semi variable and Step Cost Allocation,
Apportionment, Absorption and Control of Overheads
• Preparation of Cost Sheet

5. Activity Based Costing (ABC)
• Meaning, Importance, Characteristics
• Elements and Steps involved
• ABC vs. Traditional Costing
• Uses and Limitations

6. Cost Records
• Cost Ledgers – Integrated Accounts and Non-Integrated Accounts
• Reconciliation of Cost and Financial Accounts

7. Costing Systems
• Unit and Output Costing
• Job Costing: Job Cost Cards, Collecting Direct Costs, Allocation of Overheads and its
Applications
• Batch Costing: Features and Applications
• Contract Costing: Features, Distinction between Job and Contract Costing, Progress
Payments, Retention Money, Escalation Clause, Contract Accounts, Accounting for
Material, Accounting for Plant Used in a Contract, Contract Profit and Accounting Entries
• Process Costing: Features, Applications and Types of Process Costing,Process Loss,
Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, ByProducts
and Accounting
• Service Costing: Features and Applications, Unit Costing and Multiple Costing,
Application, Identification of Cost Unit and Cost Determination and Control

8. Marginal Costing
• Meaning, Advantages, Limitations and Applications
• Breakeven Analysis
• Cost-Volume Profit Analysis
• P/V Ratio and its Significance
• Margin of Safety
• Absorption Costing: System of Profit Reporting and Stock Valuation
• Difference between Marginal Costing and Absorption Costing
• Income Measurement under Marginal Costing and Absorption Costing

9. Standard Costing
• Definition, Significance and Applications
• Various Types of Standards
• Installation of Standard Costing System-for Material, Labour, and Overhead
• Variance Analysis for Materials, Labour and Overheads and Accounting Treatment of
Variances
• Benchmarking for Setting of Standards
• Variance Reporting to Management

10. Budget, Budgeting and Budgetary Control
• Budget Concept, Manual
• Fixed and Flexible Budgets
• Preparation and Monitoring of Various Types of Budgets
• Budgetary Control System: Advantages, Limitations and Installation
• Zero Base Budgeting
• Programme and Performance Budgeting

11. Cost Accounting Records and Cost Audit
• Nature and Scope of Cost Audit
• Cost Accounting Records and Cost Audit under Companies Act, 2013
• Purpose, Scope and Advantages of Cost Audit
• Implementing Authorities of Cost Audit
• Cost Audit Techniques and Programmes
• Cost Audit Report
• Cost Auditor – Appointment, Rights and Responsibilities
12. Analysis and Interpretation of Financial Statements
• Financial Statements: Nature, Attributes, Objectives, Importance, Limitations
• Recent Trends in Presenting Financial Statements
• Financial Statements Analysis: Types, Methods, Objectives, Limitations
• Ratio Analysis: Accounting, Uses, Classification, Advantages, Limitations
• Cash Flow Statement
• Fund Flow Statement
• Difference between Cash Flow and Fund Flow Statement
• Management Reporting

For more information, you can view here CS Executive Costing Syllabus pdf

All About CS Executive Costing Question Papers

Now you can download CS Executive Cost and Management Accounting question paper along with answers. ICSI hasn’t updated CS Executive previous exam question papers. So it will be take some time to update CS Executive Cost and Management Accounting previous exam question paper. We will update as soon as possible. Click below links to download remaining question papers.

CS Executive Cost And Management Accounting Questions paper with answer

To download and view previous year question papers, you can visit this article. CS Executive costing question paper

Books For CS Executive Cost and Management Accounting Exam

To best score in CS Executive exam, student should prefer Best books. Student can get CS Executive best books from CAKART. We are providing all subject books for best preparation of CS Executive Exam. You can view below link to know cs executive Cost and management accounting book that have all concept regarding costing exam.

BooksLink

Cs Executive Cost & Management Accounting Part A

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Cs Executive Cost & Management Accounting Part B

Link

Cs Executive Cost And Management Accounting(Mc Qs Based)

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Cost And Management Accounting

Link

To view CS Executive costing Books, you can go through this article CS Executive Books

Conclusion on CS Executive Costing Mcq pdf

In this article, we have discussed the following point .

  • Cost and management accounting syllabus
  • Previous year question paper for cs executive costing best preparation
  • About Costing best books

Hope you found the article useful. Please feel free to ask anything or give your comments using the comment box below.

7 comments
  1. Ananya says:

    Which is the best book for CS Executive Cost & Management?

    1. https://s3-ap-southeast-1.amazonaws.com/static.cakart.in/avatar.png cakart says:

      We have given the link above for best books. You can go to the following link.

  2. Ananya says:

    How MCQs will help us to prepare for exam?

  3. Rajat says:

    How MCQs will help us to prepare for exam?

    1. https://s3-ap-southeast-1.amazonaws.com/static.cakart.in/avatar.png cakart says:

      It gives you the idea about how the questions appear in the exam.

  4. Ranvijay says:

    Can i only depend on mcq’s?

    1. https://s3-ap-southeast-1.amazonaws.com/static.cakart.in/avatar.png cakart says:

      No. you should follow the full syllabus and keep theses mcq’s as for reference.

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