CA Inter Costing By CA D G Sharma

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CA Inter Costing

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


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 calculation per unit cost using different costing techniques. (CA Inter Costing). 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 organisation (GAAP).

For external reporting and internal profit measurement, classify and break down costs. Because       expenses are determined at such a fine level, paying from 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 is a crucial aspect of managerial accounting.”

About (CA Inter Costing) Faculty –CA D G Sharma

CA D G Sharma is an eminent and most admired faculty in the student fraternity. He is an epitome of knowledge helping students to realize their own potential and achieve newer heights. similarly Academically he is a rare gem, CA D G Sharma has qualified the most prestigious exams CA, CS and ICWA.

Check here for CA Inter Costing Course By Prof Mayuresh Kunkalienkar