Cost Accountancy 

Cost accounting is a type of accounting that tracks all expenses related to the production of a product or service. It is used by management to make decisions about pricing, production, and other areas. Cost accountants help companies to manage costs, plan strategically, and make cost-effective decisions.

• Plan, study, and collect data to determine costs of business activity.

• Collect historical cost data to estimate costs for current or future products.

• Advise management for product pricing based on analysis of historical data.

• Provide management with reports specifying and comparing factors affecting prices and profitability of products or services.

• Analyze sales trends.

• Control expenditures and overall budget.

• Prepare regular cost reports.

• Conduct an audit of costs and prepare reports.

• Make estimates of new and proposed product costs.

• Provide management with reports specifying and comparing factors affecting prices and profitability of products or services.

• Maintain cost accounting system.

• Assist in the month-end close of the general ledger.

• Conduct physical inventories and monitor cycle count program.

• Reconcile finished goods inventories.

• Complete 12th standard with commerce stream and then pursue the cost accounting foundation course from the Institute of Cost Accountants of India (ICAI). After clearing the foundation course, you can pursue the intermediate course and then the final course.

• Complete 12th standard with any stream and then pursue a bachelor's degree in commerce with a specialization in cost accounting. After completing the bachelor's degree, you can pursue the cost accounting foundation course from the ICAI. After clearing the foundation course, you can pursue the intermediate course and then the final course.

• Complete 12th standard with any stream and then pursue a master's degree in commerce with a specialization in cost accounting. After completing the master's degree, you can pursue the cost accounting foundation course from the ICAI. After clearing the foundation course, you can pursue the intermediate course and then the final course.

Graduation

• Guru Gobind Singh Indraprastha University Common Entrance Test (IPU CET) 2023

• National Test for Programs After Twelfth (NPAT) 2023

• Banaras Hindu University Undergraduate Entrance Test (BHU UET) 2023

• University of Petroleum and Energy Studies Design Aptitude Test (UPES DAT) 2023

• Jagannath University Entrance Exam (JUEE) 2023

• Integral University Entrance Test (IUET) 2023

• Uttaranchal University Entrance Examination (UUEE) 2023

• Sharda University Admission Test (SUAT) 2023

• Jammu University Entrance Test (JUET) 2023

• All India Management Association Under Graduate Aptitude Test (AIMA UGAT) 2023

Post-graduation

• Punjab University Combined Entrance Test (PU CET) 2023

• Osmania University Common Entrance Test (OUCET) 2023

• Jain Entrance Test (Jain Entrance Test 2023)

• ACHARYA NAGARJUNA UNIVERSITY POST GRADUATE COMMON ENTRANCE TEST (ANUPGCET 2023)

• Allahabad University Post Graduate Admission Test (Allahabad University PGAT 2023)

• Yogi Vemana University Common Entrance Test (YVUCET 2023)

• Central Universities Common Entrance Test (CUCET 2023)

• Andhra University Common Entrance Test (AUCET 2023)

• Dravidian University Common Entrance Test (DUCET 2023)

• KU Post Graduate Common Entrance Test (KU PGCET 2023)

• Analytical skills

• Attention to detail

• Financial accounting skills

• General ledger accounting skills

• SAP Financial Accounting and Controlling (SAP FICO) skills

• Microsoft Office skills

• Cost accounting skills

• Cost accountant

• Financial analyst

• Management accountant

• Audit manager

• Tax consultant

• Business analyst

• Data analyst

• Financial consultant

• Cost accountants are in high demand in India and earn an average salary of ₹6 lakhs per year.

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Graduation

Shri Ram College of Commerce

Lady Shri Ram College for Women

Hindu College

Hansraj College

Loyola College

Christ University, Commerce And Management, Bangalore

Stella Maris College, Chennai

Symbiosis College of Arts and Commerce, Pune

Madras Christian College - [MCC], Chennai

Mithibai College of Arts, Mumbai

Post Graduation

Shri Ram College of Commerce

Lady Shri Ram College for Women

Hindu College

Hansraj College

Loyola College

Stella Maris College, Chennai

Madras Christian College - [MCC], Chennai

Mithibai College of Arts, Mumbai

Sri Guru Gobind Singh College of Commerce

Sri Venkateshwara College