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