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📘 Title Name: CAF - 03 Cost and Management Accounting
📚 Program: Certificate in Accounting & Finance (CAF)
🏢 Publisher: ICAP (Institute of Chartered Accountants of Pakistan)

🔹 Introduction:
CAF-03 Cost and Management Accounting is a core subject of the ICAP CAF stage designed to equip students with essential skills in cost analysis, budgeting, and strategic financial planning to aid managerial decision-making.

🔑 Key Points:

  • Covers cost classification, allocation, and absorption principles.

  • Teaches budgeting techniques, variance analysis, and standard costing.

  • Focuses on performance measurement and responsibility accounting.

  • Equips students with tools for managerial decision-making using cost data.

  • Aligned with ICAP syllabus for professional accounting qualification.

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