This edition of CMA Knowledge Series on Cost Accounting, updated in line with the New Syllabus 2022 prescribed by The Institute of Cost Accountants of India (ICMAI), serves as a comprehensive and reliable reference for students preparing for the CMA Intermediate (Group 1 – Paper 08) examination, applicable for December 2025 and June 2026 attempts.

The book presents the concepts, techniques, and applications of cost accounting in a simple and structured manner—combining theory with extensive practical illustrations—making it ideal for both self-study and guided learning. It ensures students develop analytical skills for cost control, decision-making, and performance evaluation in line with examination requirements.

Contents include:
• Introduction to Cost Accounting – Nature, Scope, and Objectives
• Cost Concepts, Classifications, and Cost Sheet Preparation
• Material Cost Control – Procurement, Storage, and Issue Pricing Methods
• Labour Cost – Remuneration Systems, Incentives, and Labour Turnover
• Overheads – Classification, Allocation, Apportionment, and Absorption
• Activity-Based Costing (ABC) and Cost Drivers
• Unit, Job, Batch, and Process Costing (including Inter-Process Profits and Joint/By-products)
• Contract Costing and Operating Costing (Service Costing)
• Marginal Costing and Cost-Volume-Profit Analysis
• Budgetary Control and Standard Costing – Variance Analysis
• Reconciliation of Cost and Financial Accounts

Highlights of this Book:
• Complete coverage of Syllabus 2022.
• Step-by-step solutions to problems with detailed working notes.
• Comprehensive coverage of past CMA Inter exam questions with hints and answers.
• Inclusion of model test papers for examination readiness.
• Clear conceptual explanations supplemented by practical examples.
• A single-point solution for cracking CMA Intermediate (Paper 08).

Suitable for:
• CMA Inter aspirants looking for an exam-focused, syllabus-aligned resource.
• Students and faculty in coaching institutions requiring structured material.
• Professionals aiming to strengthen their costing knowledge for management decision-making.

Whether for concept-building, numerical practice, or revision, this updated Cost Accounting edition equips CMA Inter students with the complete skill set needed to excel in examinations and apply costing techniques in real-world scenarios.