Overview of Management Accounting

• Planning and control functions
• Functions of Management Accounting
• Financial Accounting and Management Accounting

Cost Classification, Allocation & Methods of Costing

• Unit costing
• Job and Batch costing
• Operating costing

Cost –Volume – Profit analysis

• Break-even point
• Cash break even point
• Operating leverage and risk

Variable Costing and Decision Making

• Meaning and utility of variable costing
• Limitations of variable costing
• Decision making and relevant costs

Standard costing and variance analysis for cost control

• Development of standards
• Material, Labor and Overhead Standard Costs
• Utility and limitations of Standard Costing
• Significance of Variance analysis
• Computation of variances and analysis

Budgeting for Planning & Control

Emerging Areas

• Target Costing
• Kaizen Costing
• Activity Based Costing