BMB207 Cost and Management Accounting

Unit 1 [Book]
Meaning, Nature and Scope of Management Accounting VIEW
Difference between Management Accounting and Financial Accounting VIEW
Cost concepts: Cost Unit VIEW
Cost Control and Cost Reduction VIEW
Components of Total Cost, Cost Sheet, Classification of Costs VIEW
Types and Methods of Costing:
Batch Costing VIEW
Job Costing VIEW
Process Costing VIEW
Inventory Management VIEW
Labour Cost VIEW
Overheads VIEW
Activity based Costing VIEW
Unit 2 [Book]
Cost-Volume-Profit Analysis VIEW
Marginal Cost VIEW
Contribution per unit and Total Contribution VIEW
Profit-Volume Ratio VIEW
Break-even Point: Margin of safety VIEW
Decision Making such as: Key Factor, Pricing, Product Profitability VIEW
Dropping a Product Line VIEW
Make or Buy VIEW
Export Order VIEW
Sell or Process Further VIEW
Shut down vs. Continue Operations VIEW
Unit 3 [Book]
Budgets and Budgetary Control Meaning, Types of Budgets VIEW
Steps in Budgetary Control VIEW
Fixed Budgeting VIEW
Flexible Budgeting VIEW
Sales Budget VIEW
Production Budget VIEW
Raw Material Consumption Budget VIEW
Raw Material Purchase Budget VIEW
Overhead Budgets VIEW
Cash Budget VIEW
Master Budget VIEW
Zero based Budgeting VIEW
Unit 4 [Book]
Standard Cost Advantages, Limitations and Applications VIEW
Standard Costing Advantages, Limitations and Applications VIEW
Material Variance, Overhead Variance, Sales Variance VIEW
Sales Margin Variance VIEW
Unit 5 [Book]
Process Costing VIEW
Concepts of Normal Loss VIEW
Abnormal Loss VIEW
Abnormal effectiveness VIEW
Preparation of Process Accounts, Normal Loss Account, Abnormal Loss Account, Abnormal Gain Account VIEW
Process Costing with opening and closing WIP; Equivalent Units (using FIFO) and Cost allocation VIEW
Joint and by products: Allocation of joint costs based on Physical units method, VIEW
Relative Market Value Methods (Sales value at Split off Method and Net Realizable Value Method) VIEW
Target Costing VIEW
Life Cycle Costing VIEW
Quality Costing VIEW
Activity based Costing VIEW

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