Management Accounting

Provide knowledge and understanding of costs and results, and information for planning and control. The
objectives to be achieved are as follows:
A. Framing the Cost Accounting within the broad discipline which is the Management Accounting;
B. To publicize the basic concepts of Management Accounting;
C. To publicize the many ways to classify the different types of costs;
D. Provide a detailed knowledge of the components that make up the overall cost of products;
E. Learn to allocate indirect costs using the method of cost centres.
F. Understand and use the system of activity-based costing (ABC).
G. Through concrete situations, identify the different regimes of manufacture.
H. Provide a detailed knowledge of costing systems stocks;
I. Recognize the relationship between cost, volume and profit;
J. To introduce the concepts and ways of use of standard costs and budgeting and planning process.

I – INTRODUCTION – SCOPE OF MANAGEMENT ACCOUNTING
II – FUNDAMENTAL CONCEPTS OF MANAGEMENT ACCOUNTING
1 – Costs, expenses and payments, income, revenues and receipts
2 – Objects, and periods of cost units
3 – Classification of costs and revenues
4 – The income statement by function
III – COMPONENTS OF THE COST OF PRODUCTION
1 – Cost of finished production and production in the process of manufacture
2 – Cost of materials
3 – Cost of manpower
4 – Indirect costs of production
5 – Non-industrial costs
IV – CENTERS BASED COSTING
1 – Division of Functional Costs
2 – Cost Centres. Centres Main and Auxiliary
3 – Allocation of costs between Cost Centres
V – ACTIVITY-BASED COSTING (ABC)
VI – SYSTEM OF COST OF PRODUCTION BY ORDER
VII – PROCESS COSTING
VIII – SYSTEMS STOCK
IX – COST-VOLUME-PROFIT ANALYSIS (CVR)
X – COST STANDARDS
XI – THE PROCESS OF PLANNING AND BUDGETING

NAO