Cost Management
Enviado por weleliano • 3 de Mayo de 2015 • Síntesis • 1.121 Palabras (5 Páginas) • 216 Visitas
Paper 5 – Cost Management
(One Paper – Three Hours -- 100 Marks)
Level of Knowledge: Expert Knowledge.
Objectives: To gain expert knowledge of:
(a) Use of closing data decision-making and control, and
(b) Emerging modern cost management concepts.
Contents:
1. Cost concepts in decisions-making; Relevant cost, Differential cost, Incremental Cost and Opportunity cost; Objectives of a Costing System; Inventory Valuation; Creation of Database for operational control; Provision of data of Decision-Making.
2. Marginal Costing; Distinction between Marginal Costing and Absorption Costing; Break-Even Analysis; Cost –Volume –Profit Analysis; Various decision-making problems.
3. Standard Costing and Variance Analysis.
4. Pricing decision including pricing strategies; Pareto Analysis.
5. Target Costing, Life Cycle Costing
6. Costing of Service Sector
7. Measurement of Divisional profitability – pricing decisions including transfer pricing.Paper 5 – Cost Management
(One Paper – Three Hours -- 100 Marks)
Level of Knowledge: Expert Knowledge.
Objectives: To gain expert knowledge of:
(a) Use of closing data decision-making and control, and
(b) Emerging modern cost management concepts.
Contents:
1. Cost concepts in decisions-making; Relevant cost, Differential cost, Incremental Cost and Opportunity cost; Objectives of a Costing System; Inventory Valuation; Creation of Database for operational control; Provision of data of Decision-Making.
2. Marginal Costing; Distinction between Marginal Costing and Absorption Costing; Break-Even Analysis; Cost –Volume –Profit Analysis; Various decision-making problems.
3. Standard Costing and Variance Analysis.
4. Pricing decision including pricing strategies; Pareto Analysis.
5. Target Costing, Life Cycle Costing
6. Costing of Service Sector
7. Measurement of Divisional profitability – pricing decisions including transfer pricing.Paper 5 – Cost Management
(One Paper – Three Hours -- 100 Marks)
Level of Knowledge: Expert Knowledge.
Objectives: To gain expert knowledge of:
(a) Use of closing data decision-making and control, and
(b) Emerging modern cost management concepts.
Contents:
1. Cost concepts in decisions-making; Relevant cost, Differential cost, Incremental Cost and Opportunity cost; Objectives of a Costing System; Inventory Valuation; Creation of Database for operational control; Provision of data of Decision-Making.
2. Marginal Costing; Distinction between Marginal Costing and Absorption Costing; Break-Even Analysis; Cost –Volume –Profit Analysis; Various decision-making problems.
3. Standard Costing and Variance Analysis.
4. Pricing decision including pricing strategies; Pareto Analysis.
5. Target Costing, Life Cycle Costing
6. Costing of Service Sector
7. Measurement of Divisional profitability – pricing decisions including transfer pricing.Paper 5 – Cost Management
(One Paper – Three Hours -- 100 Marks)
Level of Knowledge: Expert Knowledge.
Objectives: To gain expert knowledge of:
(a) Use of closing data decision-making and control, and
(b) Emerging modern cost management concepts.
Contents:
1. Cost concepts in decisions-making; Relevant cost, Differential cost, Incremental Cost and Opportunity cost; Objectives of a Costing System; Inventory Valuation; Creation of Database for operational control; Provision of data of Decision-Making.
2. Marginal Costing; Distinction between Marginal Costing and Absorption Costing; Break-Even Analysis; Cost –Volume –Profit Analysis; Various decision-making problems.
3. Standard Costing and Variance Analysis.
4. Pricing decision including pricing strategies; Pareto Analysis.
5. Target Costing, Life Cycle Costing
6. Costing of Service Sector
7. Measurement of Divisional profitability – pricing decisions including transfer pricing.Paper 5 – Cost Management
(One Paper – Three Hours -- 100 Marks)
Level of Knowledge: Expert Knowledge.
Objectives: To gain expert knowledge of:
(a) Use of closing data decision-making and control, and
(b) Emerging modern cost management concepts.
Contents:
1. Cost concepts in decisions-making; Relevant cost, Differential cost, Incremental Cost and Opportunity cost; Objectives of a Costing System; Inventory Valuation; Creation of Database for operational control; Provision of data of Decision-Making.
2. Marginal Costing; Distinction between Marginal Costing and Absorption Costing; Break-Even Analysis; Cost –Volume –Profit Analysis; Various decision-making problems.
3. Standard Costing and Variance Analysis.
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