Cost Accounting

Part 1 Cost accounting fundamentals: the accountants role in the organisation; an introduction to cost terms and purposes; cost-volume-profit relationships; cost system in the service the merchandising sectors; costing systems in the manufacturing sector. Part 2 Budgets and standards as keys to planning and control: master budgeting and responsibility accounting; flexible budgets, variances and management control I; flexible budgets, variances and management control II; income effects of alternative inventory-costing methods. Part 3 Cost information for various decision and control purposes: determining how costs behave; relevance, costs and the decision process; pricing decisions, product profitability decisions and cost management; management control systems - choice and application. Part 4 Cost allocation and more on costing systems: cost allocation I and II; cost allocation - joint products and byproducts; process-costing systems; spoilage, reworked units and scrap; operation costing, backflush costing and project control. Part 5 Decision models and cost information: capital budgeting and cost analysis; capital budgeting - a closer look. Part 6 More on cost analysis and cost management: measuring mix yield and productivity; cost management - quality and time; materials management and just-in-time. Part 7 Strategy and management control: systems choice; decentralisation and transfer pricing; systems choice - performance measurement and compensation.