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Economics and business administration (Academic Year 2020/2021) - Business management

Management accounting



Video professors: Ajay Kumar Takiar - Senior Iecturer ACCA Ulaanbaatar (Mongolia)

Videolesson

Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 2: Cost classification
   Cost units, cost objects and responsibility centres
   Classification of cost
   Production and non production cost 		Go to this lesson Ajay Kumar Takiar
Lesson n. 3: Accounting for material
   Inventory control concept
   Storage of raw material and its documentation
   Stock take
   Inventory control levels
   Economic order quantity
   Inventory valuation 		Go to this lesson Ajay Kumar Takiar
Lesson n. 4: Accounting for labour
   Direct and indirect labour
   Remuneration methods
   Labour turnover
   Labour ratios
   Accounting for labour cost and its documentation 		Go to this lesson Ajay Kumar Takiar
Lesson n. 5: Accounting for overheads
   Overheads
   Absorption costing: introduction
   Allocation & Apportionment
   Absorption
   Over and under absorption 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 8: Process costing
   Characteristics of process costing
   Treatment of losses
   Valuation of closing work in progress
   Valuing opening work in progress 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 11: Statistical technique. Part two
   The components of time series
   Finding the trend
   Finding the seasonal variations
   Index numbers
   Composite indices 		Go to this lesson Ajay Kumar Takiar
Lesson n. 12: Budgeting
   The planning and control cycle
   Objectives of budget
   Responsibility centres & controllable costs
   Fixed and flexible budgets 		Go to this lesson Ajay Kumar Takiar
Lesson n. 13: The budgetary process
   The administrative process
   Stages in budgetary process
   Principal budget factor
   Functional Budgets
   Cash budgets
   Master budgets 		Go to this lesson Ajay Kumar Takiar
Lesson n. 14: Making budgets work
   Motivation in performance management
   Factors influencing motivation
   The impact of targets upon motivation
   Managerial incentive schemes
   Approaches to budget preparation 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 16: Methods of project appraisal
   Methods of capital appraisal
   Simple payback
   Time value of money
   Discounted cash flow 		Go to this lesson Ajay Kumar Takiar
Lesson n. 17: Standard costing. Part one
   Purpose and principles
   Standard cost per unit
   Variances
   Direct material cost variances
   Labour cost variances 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar
Lesson n. 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 		Go to this lesson Ajay Kumar Takiar