CAF-03 Cost and management accounting

Introduction to subject
1. Challenges in CMA
(i) Length of syllabus (we will spend more time on important topics)
(ii) Lengthy paper (time restricted practice)
(iii) Mathematical calculations (grip on basics)
(iv) Starting point of solution (using standard formats)
2. Syllabus outline and topics
Syllabus Grid Teaching Weightage
Ref Hours

A Costs Associated with Production 45-50 35-45

B Cost Flow 20-30 20-30
C Cost Management Planning and Decisions 45-50 30-40
Total 110-130 100

Grid A: Costs Associated with Production

ICAP study text chapter Topic
Basics of cost accounting
Chapter 1 Inventory valuation
Chapter 3 Accounting for overheads
Chapter 4 Activity based costing
Chapter 5 Labour costing
Chapter 6 Cost flow in production
Chapter 7 Job order and service costing
Chapter 10 Marginal and absorption costing
Grid B: Cost Flow
ICAP study text chapter Topic
Chapter 8 Process costing
Chapter 9 Joint and by-product costing
Chapter 11 & 12 Standard costing and variance analysis
Chapter 13 Target costing
Grid C: Cost Management Planning and Decisions
ICAP study text chapter Topic
Chapter 2 Inventory management
Chapter 14 Cost-volume-profit (CVP) analysis
Chapter 15 Relevant costing principles
Chapter 16 Decision making techniques

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CAF-03 Cost and management accounting
3. Chapter wise past paper analysis

Grid A: Costs Associated with Production (35-45)

SPR 22 AUT 22 SPR 23 AUT 23 SPR 24
Chapter Topic
Q M Q M Q M Q M Q M
Chapter 1 Inventory valuation
7 15 4 9 5 10
Chapter 3 Accounting for
5 8 4 8 9 16 2 7
overheads
Chapter 4 Activity based
6 10
costing
Chapter 5 Labour costing
3 8 1 8 2 10 1 8
Chapter 6 Cost flow in prod.
7 16
&7 & Job order costing
Chapter 10 Marginal and
8 17 3 10
absorption costing
Total marks 33 26 31 35 35

Grid B: Cost Flow (20-30)

SPR 22 AUT 22 SPR 23 AUT 23 SPR 24
Chap. Topic
Q M Q M Q M Q M Q M
Chapter 8 Process costing 9 14 7 (a,c) 8 8 20 8 15
Chapter 9 Joint and by-
7 (b) 8 9 16
product costing
Chapter 11 Standard costing &
6 8 8 19 3 8 6 10 9 15
& 12 variance analysis
Chapter 13 Target costing
2 7
Total marks 29 35 28 26 30

Grid C: Cost Management, Planning and Decisions (30-40)

SPR 22 AUT 22 SPR 23 AUT 23 SPR 24
Chap. Topic
Q M Q M Q M Q M Q M
Chapter 2 Inventory
1 8 2,5 18 2,4 14 1,3 16
management
Chapter 14 Cost-volume-profit
4 10 6 7 5 8
(CVP) analysis
Chapter 15 Relevant costing
1 10
principles
Chapter 16 Decision making
7 20 9 14 5,6 17 8 15 3,4,7 35
techniques
Total marks 38 39 41 39 35

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