What Is It

It deals with the complex business of working out what a particular product really costs to produce, taking into account all the relevant factors, and not just labour and materials,all the 'overheads' and the less obvious costs too.

Qualification

10+2 in Commerce with Maths. CA or ICWA exam.

Scope

It extends to budgeting and budgetory control, forecasting further needs and costs of buying raw material, monitoring expenditure to see that costs are not overshooting and providing reports on the same. Automobile, FMCG, spare part manufacturers etc nee