International certification in Cost and Management Accounting

Objective:- To explain the principles involved in the design and evaluation of management and cost accounting information systems. The emphasis in the course is on management accounting systems that will be used for internal decision-making purposes within an organization.
Part I: Introduction to Management and Cost Accounting.
- Introduction to management accounting.
- An introduction to cost terms and concepts.
Part II: Cost Accumulation For Inventory Valuation And Profit Measurement.
- Cost assignment.
- Accounting entries for a job costing system.
- Process costing.
- Joint and by-product costing.
- Income effects of alternative cost accumulation systems.
Part III: Information for Decision-making.
- Cost-volume-profit analysis.
- Measuring relevant costs and revenues for decision making.
- Activity-based costing.
- Pricing decisions and profitability analysis.
- Decision-making under conditions of risk and uncertainty.
- Capital investment decisions: 1.
- Capital investment decisions: 2.
Part IV: Information for Planning, Control and Performance Measurement.
- The budgeting process.
- Management control.
- Contingency theory and organizational and social aspects of management accounting.
- Standard costing and variance analysis 1.
- Standard costing and variance analysis 2: further aspects.
- Divisional financial performance measures.
- Transfer pricing in divisionalized companies.
Part V: Cost Management and Strategic Management Accounting.
- Cost management.
- Strategic management.
Part VI: The Application of Quantitative Methods to Management Accounting.
- Cost estimation and cost behaviour.
- Quantitative models for the planning and control of stocks.
- The application of linear programming to management accounting.
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