CA Inter Costing Course By CA Ranjan Periwal

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CA Inter Costing By CA Ranjan Periwal (About Course)

CA Inter Costing “Accounting is a business language,” says the author. This language can be use to communicate financial transactions and their outcomes. (CA Ranjan Periwal) is best for this subject.

Cost accounting and management accounting are two key accounting words that are use to control and establish the policies of a company.

Both have different styles and are utilise for various purposes. Let’s have a look at the important keys.

Cost Accounting

Cost accounting deals with the calculation and pricing of costs and expenses to purchase or produce something.

It relates to the calculation per unit cost using different costing techniques. Its primary purpose is to facilitate managers in decision-making.

The following are the major functions of cost accounting:

  • Budgeting: Various budgets are generate in cost accounting to demonstrate cost, revenue, profit, production capacity, and efficiency of equipment and machinery, as well as labour efficiency.
  • Because reports are not unnatural by the norms of generally accept Accounting Principles. The budget is design in a scientific and systematic manner that is typically unique to the organization (GAAP).

For external reporting and internal profit measurement, classify and break down costs. Because expenses things are easy to get such at a fine level, paying for unprofitable things is simple.

Management Accounting

  • The provision of suitable information for decision-making, planning, cost control, and performance evaluation is the focus of management accounting.
  • Data concerning a company entity’s operations is transform into information, knowledge, and wisdom via management accounting. This goes a level beyond cost accounting.
  • Management accounting investigates the causes of profit or loss and the elements that influence efficiency in order to aid decision-making. As a result, cause and effect are a crucial aspect of managerial accounting.”

Faculty About (CA Inter Costing) By- CA Ranjan Periwal

CA Ranjan Periwal
  • CA Ranjan Periwal is a Gold Medalist graduate from St Xavier’s College. He is qualified as a Chartered Accountant and a Company Secretary.
  • He has experience of over 7 years in the corporate world having worked in different fields like Transaction Advisory Services in Ernst & Young, as an Assistant Manager in ITC Ltd, Bangalore after completing articles from Price Waterhouse (PwC), Kolkata.
  • For over seven years of operational existence, Ranjan Periwal Classes has been offering expert guidance in the fields of Cost and Management Accounting as well as Financial Management which are a part of professional courses of CA, CS, and CMA.
  • He has not only been a mentor but also been instrumental in molding the personalities of over 15,000 students who have trodden down the road of the most competitive exams in this country. Of the students mentored till today, 75 could manage to secure a spot in the top 50 in India and 15 of them came in the top 10. Click here to more about CA Ranjan Periwal
  • One of our students Ayush Pasari has also scored a 100 out of 100 in Cost and Management Accounting in CA Intermediate, November 2018.

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