MANAGEMENT AND COST ACCOUNTING

Part 1 Introduction to management and cost accounting: the scope of management accounting; cost and revenue classification. Part 2 Cost accumulation for stock valuation and profit measurement: accounting for materials and labour; accounting for overhead expenditure; accounting entries for a job costing system; process costing; joint product and by-product costing; absorption costing and variable costing. Part 3 Information for decision-making: cost-volume-profit analysis; special studies - measuring relevant costs for decision-making; activity-based costing; accounting information for pricing decisions; decision-making under conditions of risk and uncertainty; capital investment decisions; a comparison of mutually exclusive investments with unequal lives. Part 4 Information for planning and control: the budgeting process; operational control and performance measurement systems; standard costing and variance analysis; standard costing - further aspects; behavioural aspects of accounting control systems. Part 5: Manufacturing systems, strategies and technologies - implications for the design of management accounting systems; Part 6 The application of quantitative methods to management accounting: mathematical approaches to cost estimation; quantitative models for the planning and control of stocks; the application of linear programming to management accounting. Part 7 Divisional performance evaluation: measuring divisional profitability; transfer pricing in divisionalized companies. Part 8 Past, current and future development in management accounting.