Cost Control and Analysis

16 topics

1. Standard Costing: Setting up of Standards, Types of Standards, Standard Costing as method of performance measurement
2. Standard Costing: Calculation and Reconciliation of Material Cost, Labour cost, Variable Overhead, Fixed Overhead
3. Marginal Costing: Basic concepts of marginal costing, Contribution margin, Break-even analysis, Break–even and profit volume charts, Contribution to sales ratio, Margin of Safety, Angle of Incidence, Cost-Volume-Profit Analysis (CVP)
4. Marginal Costing: Determination of Cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in-progress
5. Marginal Costing: Comparison of Marginal costing with absorption costing method- Reconciliation of profit under both the methods
6. Marginal Costing: Short term decision making: Make or buy decision
7. Marginal Costing: Short term decision making: Discontinuation decision
8. Marginal Costing: Short term decision making: Multiproduct break-even analysis
9. Marginal Costing: Short term decision making: Limiting factor (key factor)
10. Budget and Budgetary Control: Meaning of Budget, Essentials of Budget, Budget Manual, Budget setting process, Preparation of Budget and monitoring procedures
11. Budget and Budgetary Control: The use of budget in planning and control
12. Budget and Budgetary Control: Flexible budget, Preparation of Functional budget for operating and non-operating functions
13. Budget and Budgetary Control: Cash budget, Master budget
14. Budget and Budgetary Control: Introduction to Principal/ Key budget factor, Zero Based Budgeting (ZBB), Performance budget, Control ratios and Budget variances
15. Budget and Budgetary Control: Budgets and motivation
16. Budget and Budgetary Control: Feedback and Feed forward controlling in budgeting