Principles and Definitions of Cost Management System
Elements of Cost Management System and Its Classification
Direct Materials in Cost Management System and Its Control
Control of Direct Labour in Cost Management System
Methods of Remunerating Labour in Cost Management System
Various Expenses Involved in Cost Management System
Allocation, Apportionment, and Absorption of Overhead Expenses in Cost Management System
Unit or Output Cost Management System
Contract and Job Cost Management System
Expenses of Various Processes Under Cost Management System
The Reconciliation of Cost and Financial Results Under Cost Management System
Marginal Costing and Break-even Analysis in Management System
Standard Costing and Management System
Variance Analysis and Management System
Uniform Costing System and Inter-firm Comparisons Under Cost Management System
Operating Cost System
Budget and Budgetary Control in Cost Management System
Return on Capital Employed in Cost Management System
Revaluation Accounting System in Cost Management
Higher Management Control System Or T.G.Rose System of Higher Control in Cost Management
Cost Audit and Management System

This book stresses on the acquisition of substantive knowledge pertaining to management functions of planning and control on the part of students and attempts to increase their intellectual skills at problem analysis. In the field of substantive knowledge, students should acquaint themselves with the economics of cost management - cost factors under various operating conditions, techniques of constructing a detailed comprehensive budget, cost-volume profit relationships, use of standard costs and flexible budgets for appraising performance in controlling costs, meaning of variable costing, relevant costs of the business and use of methods of quantitative analysis for evaluating capital expenditure decisions by the management.

Besides accounting, the book also focuses on finance; thus it is designed to meet the requirements of finance and accounting. It has been attempt to explain the topics covered in a simple and lucid manner. Both theoretical as well as practical aspects of the subject have been given due importance in the book.