Introduction to management accounting & its relationship with cost accounting; cost classification & behaviour; fixed, variable and semi variable costs, cost allocation methods; marginal costing and absorption costing, various costing methods; job costing, process costing, activity based costing, standard costing and variance analysis, Budgeting and budgetary control: preparation of various budgets, sales, production and cash budgets, variance analysis; Decision making: cost-volume-profit analysis, relevant costing, pricing decisions, transfer pricing, make or buy decisions.