PAPER 3: Cost Accounting And Financial Management
Cost Accounting And Financial Management is one of the core subjects of CA course.
Cost accounting is a process of:
Firstly various alternative courses of action
Next control of costs.
Its goal is to teach students how to advise the management on the most appropriate course of action based on the cost efficiency and capability.
Financial Management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management.
Students are required to learn the following:
- Estimating the Requirement of Funds: Businesses make a forecast on funds needed in both short run and long run, hence, they can improve the efficiency of funding.
- The estimation is based on the budget e.g. sales budget, production budget.
- Determining the Capital Structure: the Capital structure is how a firm finances its overall operations and growth by using different sources of funds.
- Once the requirement of funds has estimated, the financial manager should decide the mix of debt and equity and also types of debt.
- Investment Fund: A good investment plan can bring businesses huge returns.
ABOUT THE TEACHER
Raj K Agrawal qualified Chartered Accountancy with all India 27th rank in CA Final and all India 29th rank in CA PE-I.
Moreover, he is Educator of a renowned commerce coaching class at Varanasi. He has authored several books for professional courses.
His primary focus is on enhancing student’s knowledge theoretically and practically as well as focused preparations to ensure success in the examinations and to achieve professional expertise.
Furthermore, he has been a consistent school and college topper.
Moreover, he has the passion of winning as evidenced through demonstrated excellence in Academics and Teaching Career.
Course Details :
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