Cost and Management Accounting

• Conceptual Foundation
  • Introduction to Financial Accounting
  • Introduction to Cost Accounting
  • Introduction to Management Accounting
  • Question and Answer
• Cost Concept and Cost Classification
  • Concept and Importance of Cost
  • Basic Concept of Cost and Expense
  • Cost Classification
  • Cost Segregation and Estimation
• Accounting for Materials
  • Materials/ Inventory
  • Stock Control through ABC Analysis and just in time inventory
  • Concept and Techniques of Perpetual Inventory System
  • Danger Level and Safety Stock
  • Average Stock Level
  • Maximum and Minimum Stock Level
  • Re – order level
  • Economic Order Quantity
  • Inventory Control
• Accounting for Labour Cost
  • Labour Cost
  • Remuneration with Premium plan
  • Remuneration without Premium plan
• Accounting for Overhead Cost
  • Introduction to Overhead Cost
  • Direct Labour hours and Direct Machine hours
  • Apportionment and Absorption of overhead cost based on volume
  • Apportionment and Absorption of Overhead
• Costing in Services Sectors
  • Limitations of Service Costing
  • Preparation of Cost Sheets
  • Service Cost
• Accounting for Profit Planning
  • Introduction to Product Cost and Period Cost
  • Absorption Costing
  • Variable Costing
  • Reconciliation Statement
  • Introduction to Cost Volume Profit Analysis
  • Contribution Margin Ratio
  • Break Even Analysis
  • Margin of Safety
• Cost Accounting for Planning and Control
  • Concept of standard cost and standard costing
  • Variance Analysis
  • Material variances
  • Labour Variances
  • Overhead Cost Variance
  • Introduction to Budget
  • Types of Budget
  • Concept and Importance of Fixed and Flexible Budgets
  • Difference between Fixed and Flexible Budgets
• Short Term Decision making
  • Concept, need and objectives of short term decisions
  • Cost concept in decision making
  • Types of decisions