Cost & Management Accounting
Costing applied, not memorised — material cost to budgetary control with full working shown.
Free tier first, always. 20 MCQs a day, no card.
Full syllabus — 15 chapters
Inside Cost & Management Accounting
- Introduction to Cost and Management AccountingCost concepts, cost classification, cost vs management accounting — the definitional framework tested as MCQs in the opening questions.
- Material CostEOQ, safety stock, ABC, FIFO/LIFO/Weighted Average — material costing numericals appear in at least one 8–10 mark question per attempt.
- Employee Cost and Direct ExpensesRemuneration methods, idle time, overtime treatment — tested as calculations embedded in cost sheet or standalone short numericals.
- Overheads — Absorption Costing MethodAllocation, apportionment, absorption, over/under-absorption — the overhead OAR chapter is the most mark-dense and most-mistaken in CMA.
- Activity Based CostingCost drivers, cost pools, ABC vs traditional — conceptual MCQs plus 10-mark numerical; the chapter that rewards students who understand 'why'.
- Cost SheetPrime cost to cost of sales format — the chapter everyone needs to nail first; mistakes here cascade into every other numerical.
- Cost Accounting SystemsIntegral vs non-integral accounts, reconciliation of profit — tested as reconciliation numericals that trip students on timing differences.
- Unit & Batch CostingCost per unit, batch cost optimisation — short chapter but a reliable 5-mark numerical; batch size optimisation formula is the key.
- Job CostingJob cost card, WIP valuation, profit on jobs — appears as scenario-based numericals involving multiple simultaneous jobs.
- Process & Operation CostingNormal/abnormal loss, equivalent units, inter-process profit — the most calculation-heavy chapter; equivalent units in WIP is a consistent error spot.
- Joint Products and By ProductsPhysical units, NRV, sales-value methods for joint cost apportionment — tested as 8-mark numerical; by-product treatment rules are frequently asked.
- Service CostingComposite cost unit, transport and hospital costing — straightforward once you identify the right cost unit; 5–8 marks most attempts.
- Standard CostingMaterial, labour, overhead variances — the chapter with the most sub-variances and the highest marks at stake if you know the tree cold.
- Marginal CostingContribution, P/V ratio, break-even, make-or-buy decisions — a consistent 10–14 mark question; decision-making scenarios are where marks are won or lost.
- Budgets and Budgetary ControlSales, production, cash budgets, flexible budget variances — numerical preparation questions appear in the exam and reward systematic layout.
Chapter list as per the current ICAI New Scheme study material. Every Pookie question cites its ICAI source; solutions follow ICAI marking-scheme structure.
How it works here
Question → your attempt → marks per step
You answer first. Then the solution opens step by step, with the marks each step carries — so you see exactly where answers gain and lose marks in the real exam.
Also in CA Intermediate
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