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This course is designed to make the students familiar with the application of basic methods and techniques of cost and management accounting. The course deals with the cost concepts, cost classification and cost flows, material, labour, factory overhead costing, marginal costing, standard costing and budgeting.
This course focuses on
the fundamentals of economic
concepts, development of understanding and skills of students in order to
enable them identify and correlate various economic issues with cost and management accounting.
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