Meaning – Cost Vs Financial Accounting - Cost Vs Management Accounting – Expectation of Management- Installation of costing system – Classification of cost – Costing Techniques and Methods - Elements of Cost Preparation of Cost Sheet and Tender.

Cost sheet – Job costing – Contract Costing - Unit/Output Costing – Service (Operating) Costing

Process Costing-Features of Process costing-Process Losses, Waste, Scrap. Normal Process Loss, Abnormal Process Losses, Abnormal Gain, Inter Process Profit (Excluding Equivalent Production)

Financial management –Introduction-scope-finance and other related disciplines-Financial Functions. Financial Goals: Profit Maximization Vs Wealth Maximization – Concept of time value of money - Short term and Long term. Capitalization - Over and Under Capitalization.

Cost Of Capital – Meaning And Importance – Cost Of Debt, Preference, Equity and Retained Earnings – Weighted Average Cost Of Capital – Capital Structure: Determinants of Capital Structure, Capital Structure Theories.