ν. μαθήματος 1: Accounting for management and source of data
Distinguish between 'data' and 'information'
Identify and explain the attributes of good information
Outline the managerial processes of planning, decision making and control
Describe the purpose and role of cost and management accounting within an organisation
Compare and contrast financial accounting with cost and management accounting
Describe sources of information from within and outside the organisation
Describe the impact of the general economic environment on costs/revenues
Explain sampling techniques
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 2: Cost classification
Cost units, cost objects and responsibility centres
Classification of cost
Production and non production cost
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 3: Accounting for material
Inventory control concept
Storage of raw material and its documentation
Stock take
Inventory control levels
Economic order quantity
Inventory valuation
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 4: Accounting for labour
Direct and indirect labour
Remuneration methods
Labour turnover
Labour ratios
Accounting for labour cost and its documentation
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 5: Accounting for overheads
Overheads
Absorption costing: introduction
Allocation & Apportionment
Absorption
Over and under absorption
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 6: Absorption and marginal costing
Contribution
Marginal cost and marginal costing
Marginal costing and its uses
Calculation of profit under AC & MC
Reconciliation of profit
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 7: Job, batch and service costing
Characteristics of job and batch costing
Use of job or batch costing would be appropriate
Cost records and accounts
Situations where the use of service/operation costing is appropriate
Carry out service cost analysis in simple service industry situations
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 8: Process costing
Characteristics of process costing
Treatment of losses
Valuation of closing work in progress
Valuing opening work in progress
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 9: Joint products by-products and alternative costing principles
Distinguish between by-products and joint products
Value by-products and joint products at the point of separation
Accounting for by products
Activity based costing
Total quality management
Life cycle costing
Target costing
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 10: Statistical technique. Part one
Correlation
The correlation coefficient and the coefficient of determination
Lines of best fit
Least squares method of linear regression analysis
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 11: Statistical technique. Part two
The components of time series
Finding the trend
Finding the seasonal variations
Index numbers
Composite indices
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 12: Budgeting
The planning and control cycle
Objectives of budget
Responsibility centres & controllable costs
Fixed and flexible budgets
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 13: The budgetary process
The administrative process
Stages in budgetary process
Principal budget factor
Functional Budgets
Cash budgets
Master budgets
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 14: Making budgets work
Motivation in performance management
Factors influencing motivation
The impact of targets upon motivation
Managerial incentive schemes
Approaches to budget preparation
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 15: Capital expenditure & principles of relevant costing
Importance of capital investment planning and control
Define and distinguish between capital and revenue expenditure
Outline the issues to consider and the steps involved in the preparation of a capital expenditure budget
Relevant costing and its application
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 16: Methods of project appraisal
Methods of capital appraisal
Simple payback
Time value of money
Discounted cash flow
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 17: Standard costing. Part one
Purpose and principles
Standard cost per unit
Variances
Direct material cost variances
Labour cost variances
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 18: Standard costing. Part two
Variances analysis exercise
Operating statements
Deriving actual data from variances and standard cost
The reasons for cost variances
The significance of cost variance
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 19: Performance measurement
Performance measurement and mission statements
Goals and objectives
Performance measures
Economy, efficiency and effectiveness
Measuring profitability and productivity
Performance measures based on the statement of financial position
The balanced scorecard
External conditions
|
|
Ajay Kumar Takiar
|
ν. μαθήματος 20: Applications of performance measurement
Performance measures for manufacturing businesses
Performance measures for contract and process costing environments
Performance measures for services
Management performance measures
Benchmarking
Cost control and cost reduction
Value analysis
|
|
Ajay Kumar Takiar
|