MGT402 Cost and Management Accounting Notes, MCQs & Assignments | Query Point Official

MGT402 ||| Cost and Management Accounting

MGT402 – Cost and Management Accounting focuses on cost analysis, planning, control, and decision-making techniques used by management to improve organizational performance.

Course Introduction

This course introduces students to the concepts and practices of cost and management accounting. It explains how accounting information is used internally by managers for planning, controlling, and strategic decision-making.

Course Learning Objectives

• Understand the role of cost and management accounting
• Analyze different types of costs and cost behavior
• Apply budgeting and cost control techniques
• Use accounting data for managerial decision-making
• Evaluate performance using management accounting tools

Major Topics / Syllabus

• Introduction to Cost and Management Accounting
• Cost Classification and Cost Behavior
• Job Order and Process Costing
• Cost-Volume-Profit (CVP) Analysis
• Budgeting and Budgetary Control
• Standard Costing and Variance Analysis
• Marginal and Absorption Costing
• Decision-Making Techniques
• Performance Measurement
• Responsibility Accounting

Accounting & Decision-Making Focus

• Cost control and cost reduction
• Planning through budgets
• Break-even and profitability analysis
• Short-term managerial decisions
• Performance evaluation methods

Practice Areas

• MCQs on cost accounting concepts
• Numerical problem-solving
• Short questions on definitions
• Long questions on accounting techniques
• Case-based managerial analysis

Exam Preparation Tips

• Understand formulas and calculations clearly
• Practice numerical questions regularly
• Focus on conceptual clarity
• Revise variance and budgeting techniques
• Solve past MCQs for accuracy

MGT402 Cost and Management Accounting MCQs

MGT402 MCQs (click here)

MGT402 Short & Long Questions

Cost and Management Accounting Questions (click here)

MGT402 Assignment Questions

Assignments (click here)

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