Week No

Topic To be Discussed

1

Introduction: Managerial accounting:                                                                                                                                                                                                                                                                                                                         A perspective,                                                                                                                                                                                                                                                                                              Cost terms,                                                                                                                                                                                                                                                                                               concepts                                                                                                                                                                                                                                                                                                                                         classification.

2

Responsibility Accounting and Cost Allocation concepts:                                                                                                                                                                                                                                        Responsibility accounting centers
performance reports.

3

Cost Flows and Accumulation:                                                                                                                                                                                                                                                                        The basic cost flow model,                                                                                                                                                                                                                                                                               Cost accumulation: Merchandising organizations- Manufacturing organizations- Service
organizations.

4

Costing Systems:                                                                                                                                                                                                                                                                                                       Job order-costing systems,                                                                                                                                                                                                                                                                                                                            Process costing system,

5

Hybrid product costing system,                                                                                                                                                                                                                                                                                                                  Cost management systems for new manufacturing environment.

6

Cost Behavior and Estimation:                                                                                                                                                                                                                                                                       Cost behavior patterns,                                                                                                                                                                                                                                                                                                           Cost estimation methods.

7

Cost – Volume – Profit Analysis:                                                                                                                      The breakeven point,                                                                                                                                                       CVP analysis

8

CVP with multiple products,                                                                                                                                                                                                                                                                         Cost structure and leverage analysis.

9

Standard Costing Systems:                                                                                                                                                                                                                                                                                                         Standard costs and control,                                                                                                                                                                                                                                                                                    setting cost standards

10

Overhead application in a standard costing system,                                                                                                                                                                                                                                   Analysis of cost variances

11

Differential Cost Analysis:                                                                                                                                                                                                                                                                        Differential costs versus variable costs,                                                                                                                                                                                                                                                      Differential costs versus total costs

12

Cost analysis for pricing decisions,                                                                                                                                                                                                                                                                          Make-or-buy decision

13

Variable Costing:                                                                                                                                                                                                                                                                                               Variable costing versus full absorption costing,                                                                                                                                                                                                                                     Appropriateness of variable costing & full absorption costing methods

14

Flexible Budgeting:                                                                                                                                                                                                                                                                                                Static budget versus Flexible budget,                                                                                                                                                                                                                                                                                Sales activity
(Volume) Variance                                                                                                                                      Profit variance analysis,                                                                                                                                                                                    Variable, manufacturing costs variance

15

Budgeting & Monitoring:                                                                                                                                                                                                                                                                                 Framework of budgeting,                                                                                                                                                                                                                                                                               The master budget development process

16

Budgeting in merchandising operations,                                                                                                                                                                              service enterprising & non-profit organization,                                                                                                             Budget under uncertainty,                                                                                                                                                                              Reports for monitoring.