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01.

Tradition costing method :-


a. Absorption costing method :-
i. Advantages
ii. Disadvantages
b. Marginal costing :-
i. Advantages
ii. Disadvantages
c. Full cost plus pricing :-
i. Advantages
ii. Disadvantages
d. Marginal cost plus pricing :-
i. Advantages
ii. Disadvantages
02. Activity based costing :-
a. ABC :-
i. Define
b. Cost pools :-
i. Define
c. Cost drivers :-
i. Define
d. Calculating the full production cost per unit by using ABC :-
i. Explain
e. Whe is ABC relevent?
f. Advantages and disadvantages of ABC
g. Implications of switching to ABC
03. Other costing techiques :-
a. Throughput accounting :-
i. Define
ii. Maximising throughput
iii. Throughput accounting measures
iv. Criticsm of throughput accounting
b. Effects of environmental management accounting on financial performance
c. Exaples for :-
i. Environmental prevention cost
ii. Environmental appraisal cost
iii. Environmental internal failure cost
iv. Environmental external failure cost
04. Modern manufacturing environment :-
a. Charesteristics of modern manufacturing environment
b. Cost of quality :-
i. Conformance cost :-
1. Prevention cost :-
a. Define
b. Explain
2. Appraisal cost :-
a. Define
b. Explain
ii. Non-conformance cost ;-
1. Internal failure cost :-
a. Define
b. Explain
2. External failure cost :-
a. Define
b. Explain
3. Quality cost graph explanation
c. TQM And standard costing
d. Successful implementation of TQM
e. Non-financial measures under TQM
f. Suitable condition for applying JIT
g. The impact of JIT on accounting
h. Benefits and drawbacks of JIT
05. Breakeven analysis :-
a. Define
b. Breakeven point :-
i. Define
c. Margin of safety
i. Define
d. Breakeven chart :-
i. Define
e. Contribution breakeven chart :-
i. Define
f. Profit volume chart :-
i. Define
ii. Advantages
g. Multi-product profit volume chart :-
i. Define
h. Advantages and disadvantage
i. Assumptions
06. Relevent costs and decision making :-
a. Relevant cost :-
i. Define
ii. Charecteristics
b. Non-Relevent cost :-
i. Define
c. Opportunity cost :-
i. Define
d. Relevant cost of material :-
i. Define
e. Relevant cost of labour :-
i. Define
f. Decision making based on relevant costing :-
i. Types of decisions :-
1. Limiting factor decision:-
a. Define
b. Decision
c. Step by step technique
2. Make or buy :-
a. Define
3. Shutdown decsion :-
a. Define
4. Minium pricing decision :-
a. Define
5. Accept or reject decsion :-
a. Define
07. Linear programming :-
a. Define
b. Step by step echnique :-
i. Define the variables
ii. State the objective function
iii. State the constraint
iv. Draw the graph
v. Find the optimum solution
c. The slack
d. The shadow price
e. Binding constraints and non-binding constraints
f. Limitations
08. Variance :-
a. Standards :-
i. Define
ii. Types :-
1. Attainabale standdard
2. Ideal standard
3. Current standard
4. Basic standard
b. Variances :-
i. Define
ii. Types:-
1. Slaes variances :-
a. Sales price variances
b. Sales volume variance :-
i. Sales mix variance
ii. Sales quantity variances
2. Cost variances :-
a. Material variances :-
i. Material price
ii. Material usage :-
1. Material mix
2. Material yield
b. Labour variances :-
i. Labour rate
ii. Labour efficiency :-
1. Labour mix
2. Labour yield
c. Fixed production overhead :-
i. Expenditure
ii. Volume :-
1. Capacity
2. Effieciency
3. Operating statement :-
i. Define
4. Variance report :-
i. Explain
09. Advanced Variances :-
a. Limitations of material and labour mix variances
b. Benefits and drawbacks of sales mix and quantity variances
c. Planning variances and operational variances :-
i. Define
ii. Causes of planning variances
iii. Benefits and problems
10. Variance investigation :-
a. Techniques
b. Controllability principles
c. Addressing the criticism of Standard costing
11. Budgeting :-
a. Budget :-
i. Define
ii. Purposes
b. Principal budget factor :-
i. Define
c. Preperation of budget
d. Types of budgets :-
i. Periodic budget :-
1. Define
ii. Rolling budget :-
1. Define
2. Advantages and disadvantages
iii. Incremental budgeting :-
1. Define
2. Advantages and disadvantages
iv. Zero based budgeting :-
1. Define
2. Implementing
3. Advantages and disadvantages
v. Activity based Budgeting (ABB) :-
1. Define
2. Advantages and disadvantages
12. Budgetary control :-
a. Define
b. Types of control system :-
i. Feedback control :-
1. Define
2. Feedback control in budgeting
3. Types :-
a. Positive
b. Negative
ii. Feedforward control :-
1. Define
2. Advantage and disadvantage
iii. Control reports
iv. Fixed budegt :-
1. Define
v. Flexible budget :-
1. Define
2. Preperation
vi. Responsibility accounting and controlability cost :-
1. Explain
vii. Pros and cons of responsibility accounting
viii. The behavioral aspects of budgeting :-
1. Choosing the level of participation :-
a. Imposed style :-
i. Define
ii. Advantages
b. Participative style :-
i. Define
ii. Advantages
2. Other behavioral aspects
13. Forecasting techniques :-
a. Types:-
i. Expert opinions and surveys
ii. Statistical approach :-
1. Highlow method :-
a. Define
b. Steps
2. Regression analysis ;-
a. Define
b. Interpretation
c. Co-efficient of correlation
d. Limitation
3. Time series analysis ;-
a. Define
b. Elemetns ;-
i. Trend :-
1. Define
2. Calculation
ii. Seasonal variation;-
1. Define
iii. Cyclical variation
iv. Residual factor
c. Advantages and disadvantages
14. Uncertainty in decision making ;-
a. Expected values:-
i. Define
ii. Types of decision maker ;-
1. Risk neutral
2. Risk seekers
3. Risk averse
iii. Advantages and disadvatages
b. Sttandars deviation:-
i. Define
c. Normal distribution :-
i. Charecteristics
d. Payoff tables ;-
i. Explain
ii. Decision approaches :-
1. Maximax criteria
2. Maximin criteria
3. Minimax regret approach
iii. Perfect information and imperfect information
iv. Decision trees :-
1. Define
2. Steps
3. Liimitation
v. Sensitivity analysis :-
1. Define
2. Advantages and disadvanatages