This course introduces basics of Cost Accounting which provides information regarding ascertainment of cost per unit of different products and techniques that includes principles and rules. It provides the company to take vital decisions such as the introduction of a new product and selection of a most profitable product mix. Students will know to prepare Cost sheet, calculate the closing stock using material different methods. In addition to these skills students are also able to ascertain the cost and detect the exact cause of the decrease or increase in profit or loss.