Introduction to cost accounting, Cost terms concepts and classifications:
Definition of Cost Accounting
Purpose of Cost Accounting
Relationship Between Cost Accounting to Financial Accounting and Managerial Accounting
General Cost Classification, Product Cost, Period Cost
Preparation of Cost of goods sold statement
Cost terms concepts and classifications:
Cost Classification For Assigning Cost To Cost Objects
Cost Classification For Predicting Cost Behavior
Cost Classification for Decision Making.
The Analysis of Mixed Costs
Diagnosing Cost Behavior with a Scatter graph Plot
The High-Low Method
Cost terms concepts and classifications:
The Analysis of Mixed Costs
The Least-Squares Regression Method
Cost of Quality
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Materials-Controlling & Costing:
Introduction of material control
Determining The Cost of Material Used
FIFO Method
Weighted Average Method
Materials-Controlling & Costing:
IAS 2 (Inventory valuation at lower of cost or market)
Planning materials requirements, Carrying and ordering costs, tabular determination of economic order
quantity, The economic order quantity formula, calculation of reorder point
Labor:
Labor control and remunerations methods
Labor cost accounting
Manufacturing Overheads
Non-manufacturing overheads
Midterm Examination
Introduction to management Accounting:
What Is Management Accounting
Need of Managerial Accounting Information
Comparison of Financial Accounting and Managerial Accounting.
Managerial Accounting & the Business Environment:
Just In Time (JIT)
Characteristic of JIT
Benefits Of JIT
Process Reengineering
Theory of Constraints
Cost-Volume–Profit Relationship:
What Is CVP Analysis
Assumption of CVP
CVP In Graphic Form
Contribution Margin
Contribution margin ratio.
Applications of CVP concepts
Change in fixed costs and sales volume
Change in variable cost & sales volume and change in sales volume
Cost-Volume–Profit Relationship:
BEP analysis
The Equation Method
Contribution margin method
Margin Of Safety
Variable costing –A tool of management:
What Is Absorption Costing, Unit Cost Computation, Comparison of AC Vs. VC.
What Is Variable Costing, Unit Cost Computation
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Effect Of Change In Production On Net Operating Income
Income statement, Segment Reporting
Traceable And Common Fixed Cost
Segmented income statement
Performance measurement in decentralized organization:
Advantages and disadvantages of decentralization
Responsibility accounting
Evaluating investment center performance-ROI
Residual income
Pricing products and services:
The economist approach to pricing
The absorption costing approach to cost plus pricing
Target costing