[pvfw-embed viewer_id=”419″ width=”100%” height=”800″]
Nature, Purpose and Scope of Management Accounting
Sub Topics:
- Definitions- Managerial Accounting, Cost Accounting, Financial Accounting
- Evolution of Management Accounting
- Objectives of Management Accounting
- Difference between Management and Financial Accounting
- Management Accounting System
- The Management Accounting Guidelines
- Role of management accounting in management process
DECISION MAKING
Sub Topics:
- Decision Making Process
- Decision Making Conditions
- Decision Making Techniques- Decision trees analysis; Maximin, Maximax, Laplace and Minimax regret criteria; Probability distributions, Expected values, standard
deviation, coefficient of variation; Portfolio analysis, Grid Analysis
COST ESTIMATION AND FORECASTING
- Cost Concept
- Cost Classifications- Stock valuation and profit measurement; Planning control and decision making- Cost behavior, According to the degree of traceability to the final
product, Relevance
- Managerial ability to avoid, According to functions of department, Cost Estimation Methods- Accounts analysis (Accounts inspection method), The two point method (High-Low Method), Regression analysis (least-square method), Graphical method, Conference method, Engineering methods
SHORT TERM PLANNING
- Sub Topics:
- Cost Volume Profit Analysis
- Assumption of CVP analysis
- The Break- Even Point
- B. E. P in Graphical Form
- B. E. P in Mathematical Formula
- Margin of safety
- C V P in Multi-product Environment
- Criticisms of CVP analysis
RELEVANT COSTS FOR NON ROUTINE DECISION
Sub Topics:
- The concept of cost relevance to decision making
- Assumptions of Relevant Costing
- Quantitative and qualitative factors in decision making
- Limiting factors in decision making
- Special pricing decisions
- Make or buy decisions
- Discontinuation decisions
- Equipment replacement decisions
ABSORPTION COSTING AND MARGINAL COSTING
Sub Topics:
- Absorption Costing
- Overhead Cost Allocation
- Overhead Cost Apportionment- Direct method, The step (elimination) method, Continuous (repeated distributed) method, Algebraic method
- Overhead Absorption
- Application of Overhead to Product
- Marginal / Variable Costing Vs Absorption Costing
- A comparison of the impact of variable costing and absorption costing on profit
- Activity Based Costing (ABC)
BUDGETING
Sub Topics:
- Budgetary Control
- The role and rationale of budgeting- Functions of budgets, Advantages of budgets and budgetary control systems
- Types of budgets
- Mechanics of budgeting
- Stages in the budgeting process
- Steps in developing a master budget
- Human aspects of budgeting
- Alternative Budgeting Procedures- Zero-Based Budgeting (ZBB), Activity-Based Budgeting, Incremental budgeting
(Visited 1,374 times, 1 visits today)