♦ Meaning, Objective and Importance of Cost and Management Accounting

♦ Functions and Role of Cost Accounting Department in an Organization

♦ Installation of Cost Accounting System in an Organization

♦ Differentiate Between Cost Accounting, Financial Accounting and Management Accounting

♦ Various Elements and Classifications of Cost and Methods of Costing

♦ Need for Activity Based Costing (ABC)

♦ Practical Problems of Activity Based Costing (ABC)

♦ Meaning, Need For and Importance of Material

♦ Material Storage and Records : Bin Cards, Stock Control Cards and Store Ledger

♦ Preparation of Stock Ledger Account Using FIFO and Weighted Average Method

♦ Computation of Economic Order Quantity (EOQ)

♦ Meaning and Importance of Employee (Labour) Cost in an Organisation

♦ Employee (Labour) Cost Control : Functions, Factors and Procedures

♦ Idle Time : Causes, Treatment and Computation of Effective Hourly Cost of Employee

♦ Over Time : Causes and Treatment

♦ Systems of Wage Payment and Incentives : Calculation of Wages/Salary/Employee Cost Based on Time Rate System, Piece Rate System and Premium Bonus Method (Halsey Premium Plan and Rowan Premium Plan)

♦ Employee (Labour) Turnover : Meaning and Calculation Based on Replacement Method and Separation Method

♦ Meaning of Overheads – Classification : Production, Administrative and Selling and Distribution

♦ Classification of Overheads into Fixed and Variable

♦ Meaning and Methods of Allocation of Overheads to Various Departments

♦ Apportionment and Absorption of Overheads