Introduction to Cost and Management Accounting

Concepts and Scope of Cost Accounting:  Definition and concept of cost, Cost object, Cost elements, Sources and uses of cost data, Cost accounting v / s financial accounting, Costing department and its relationship with other departments, Role of cost accounting in a management information system, Uses of cost data.

The changing role of managerial accounting in a dynamic business environment: Managerial accounting; managerial vs financial accounting, managerial 
accounting in different types of organization, evolution and adaptation in managerial accounting , Service vs. manufacturing firm, emergence of new industries, global
competition, focus on customer, cross functional team, computer integrated manufacturing, product life cycle and diversity, time based competition.