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School of Business, Management & Entrepreneurship

Diploma in Cost & Management Accounting

Learn cost control, budgeting, management accounting and financial decision-support skills for business roles.

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Programme Focus Costing · Budgeting · Decision Support
LevelDiploma
Duration1 Year / 2 Years
Eligibility12th Pass or Equivalent
SchoolBusiness & Management
Programme Overview

Understand what a business spends, earns and controls.

The Diploma in Cost & Management Accounting is designed for learners who want a practical route into business accounting, costing and internal financial control. The page follows a complete course structure with eligibility, duration, academic focus, learning areas, career opportunities and admission support.

Students are introduced to cost behaviour, inventory costing, budgeting, variance thinking, basic management reports and finance documentation so they can support day-to-day business decisions with numbers that are clear and useful.

01Cost Accounting BaseLearn how materials, labour, overheads and production costs are recorded and understood.
02Budget & ControlBuild familiarity with budgeting, cost control and simple variance analysis.
03Reporting SkillsPrepare basic cost statements, MIS notes and management support summaries.

Academic Framework

FoundationBusiness accounting basics, cost concepts, ledgers and financial documentation.
Applied CostingMaterial cost, labour cost, overhead allocation, job costing and process-costing awareness.
Management UseBudget preparation, internal control, cost comparison and simple decision reports.
Career ReadinessSpreadsheet practice, invoice records, inventory support, audit assistance and workplace communication.
What You Will Learn

Practical finance skills for business operations.

✓Cost classificationFixed, variable, direct, indirect and overhead cost concepts.
✓Budget preparationBasic operating budgets and cost-control statements.
✓Inventory & stock recordsStock valuation support, purchase records and inventory cost tracking.
✓MIS reportingSimple management summaries, cost sheets and spreadsheet-based reports.
✓Business finance basicsPricing support, margin understanding and working capital awareness.
✓Audit support readinessDocument organisation, vouchers, supporting records and reconciliation basics.
Career Pathways

Roles connected with accounting, costing and finance operations.

Costing Assistant Accounts Assistant Billing Executive Inventory Cost Support MIS Executive Audit Support Assistant Finance Operations Trainee Budgeting Support Executive
Student Journey

From accounting basics to management-ready reports.

Step 01Build the foundation

Understand accounting records, business documents, cost concepts and spreadsheet basics.

Step 02Apply costing methods

Work with cost sheets, overheads, inventory records and budgeting examples.

Step 03Prepare for work

Practice report preparation, internal control awareness and finance-office communication.

Why this course?

Every growing business needs people who can understand costs clearly.

Cost and management accounting supports pricing, budgeting, purchase decisions, stock control and management reporting. This diploma gives students a practical base for entry-level finance and business operations roles.

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