Management Accounting for Decision Making

Por: Swayam . en: , ,

Week 1: Introduction to Management Accounting
  • Financial and Cost Accounting
  • Basic Cost Terms and Cost Flow
  • Costing System
  • Preparation of Cost Sheet
  • Costing in Service Industry
  • Preparation of Cost Sheet in Service Industry
  • Financial, Cost and Management Accounting
Week 2: Product Costing
  • Methods of Product Costing
  • Job Costing
  • Customer Costing
  • Process Costing
  • Treatment of Process Losses
  • Joint and By-products
Week 3: Cost Allocation and Activity Based Costing
  • Indirect Cost
  • Method of Indirect Cost Allocation
  • Misallocation of Indirect Costs
  • Activity-based Costing
  • Implementation of Activity-based Costing
  • Activity-based Management
Week 4: Cost Analysis for Decision Making Module Overview
  • Absorption vs Marginal Costing
  • Behavior of Cost
  • Break-even Analysis
  • BEP in Multiproduct Environment
  • Pricing Decision
  • Make or Buy Decision
  • Discontinuing Product or Closing Down Divisions
  • Optimal Product mix
  • Operating Leverage
Week 5 : Budgeting
  • Strategic Planning and Budgets
  • Budgeting Process
  • Types of Budgets
  • Benefits of Budgets
  • Approaches to Budget Preparation
  • Preparation of Master Budget
  • Budget Slack
Week 6 : Variance Analysis
  • Setting Standards
  • Variance Analysis: General Framework
  • Variable Overhead Variance
  • Fixed Overhead Variance
  • Material Mix Variance
  • Sales and Sales Mix Variance
  • Investigating Variance

Plataforma