| 1. | Cost Management |
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| | (a) | Developments in the business environment; just in time; manufacturing resources planning; (MRP); automated manufacturing; synchronous manufacturing and back flush systems to reflect the importance of accurate bills of material and routings; world class manufacturing; total quality management. | | (b) | Activity based approaches to management and cost analysis | | (c) | Analysis of common costs in manufacturing and service industry | | (d) | Techniques for profit improvement, cost reduction, and value analysis | | (e) | Throughput accounting | | (f) | Target costing; cost ascertainment and pricing of products and services | | (g) | Life cycle costing | | (h) | Shut down and divestment. |
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| 2. | Cost Volume Profit Analysis |
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| | (a) | Relevant cost | | (b) | Product sales pricing and mix | | (c) | Limiting factors | | (d) | Multiple scarce resource problems | | (e) | Decisions about alternatives such as make or buy, selection of products, etc. |
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| 3. | Pricing Decisions |
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| | (a) | Pricing of a finished product | | (b) | Theory of price | | (c) | Pricing policy | | (d) | Principles of product pricing | | (e) | New product pricing | | (f) | Pricing strategies | | (g) | Pricing of services | | (h) | Pareto analysis |
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| 4. | Budgets and Budgetary Control |
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| The budget manual, Preparation and monitoring procedures, Budget variances, Flexible budgets, Preparation of functional budget for operating and non-operating functions, Cash budgets, Capital expenditure budget, Master budget, Principal budget factors. |
| 5. | Standard Costing and Variance Analysis |
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| Types of standards and sources of standard cost information; evolution of standards, continuous -improvement; keeping standards meaningful and relevant; variance analysis; disposal of variances. | (a) | Investigation and interpretation of variances and their inter relationship | | (b) | Behavioural considerations. |
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| 6. | Transfer pricing |
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| | (a) | Objectives of transfer pricing | | (b) | Methods of transfer pricing | | (c) | Conflict between a division and a company | | (d) | Multi-national transfer pricing. |
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| 7. | Cost Management in Service Sector |
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| 8. | Uniform Costing and Inter firm comparison |
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| 9. | Profitability analysis - Product wise / segment wise / customer wise |
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| 10. | Financial Decision Modeling |
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| | (a) | Linear Programming | | (b) | Network analysis - PERT/CPM, resource allocation and resource leveling | | (c) | Transportation problems | | (d) | Assignment problems | | (e) | Simulation | | (f) | Learning Curve Theory | | (g) | Time series forecasting | | (h) | Sampling and test of hypothesis |
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