The Nature, Source and Purpose of Management Information |
1. Introduction to costing and performance measurement |
• Financial, Cost and Management Accounting Concepts |
• The Concepts of Cost |
• Cost Classification |
• Cost Classification for Inventory Valuation and Profit Measurement |
• Cost Classification for Control |
• Performance Measurement |
• Shareholder Value and Environmental and Social Concerns |
2. Introduction to Management Accounting |
• What is management accounting |
• Definitions |
• The changing role of management accounting |
• Data and information |
• The purpose of management information |
• Sources and categories of information |
• ICMA and its role in management accounting |
3. Sources of data |
• Types of Data |
• Sources of Data |
• Secondary Data |
• Sampling |
• Sampling Method |
4. Cost classification |
• Total Product/Service costs |
• Direct Costs and Indirect Costs |
• Functional Costs |
• Fixed Costs and Variable Costs |
• Production and Non-Production Costs |
• Cost Codes |
• Cost Units, Cost Objectives and Responsibility Centres |
5. Cost Behavior |
• Cost behavior and levels of activity |
• Cost behaviors patterns |
• Determining the fixed and variable elements of semi-variable costs |
• Linear Equations and Graphs |