Management and Cost Accounting

Part I Introduction to management accounting: The scope of management accounting. The changing business environment. Part II Cost accumulation for stock valuation and profit measurement: Cost and revenue classification. 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 III 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 decision. Part IV Information for planning and control: The budgeting process. Operational control, management control and performance measurement. Standard costing and variance analyses. 1. Standard costing. 2. Further aspects. Behavioural aspects of accounting control systems. Organisational and social aspects of management accounting. Part V The application of quantitative methods to management accounting: Mathematical approaches to cost estimation. Quantitative models for the planning and control of stocks. The applications of linear programming to management accounting. Part VI Divisional performance evaluation: Measuring divisional profitability. Transfer pricing in divisionalized companies. Part VII Past, current and future developments in management accounting: Past, current and future developments in management accounting practice.