Costing

Part 1 the framework of cost accounting: classification and coding. Part 2 Materials: purchasing, reception and storage; stock recording and inventory control; pricing issues and stocks. Part 3 Labour: remuneration methods; recording, costing and allied procedures; overheads; cost accounts. Part 4 costing methods: introduction; job and batch costing; contract costing; continuous operation costing; process costing;joint product and by-product costing; planning, control and decision making; cost behaviour; marginal costing and absorption costing; marginal costing and decision making; break even analysis; capital investment appraisal; Budgets. Part 5 standard costing: introduction; variance analysis (material, labour and overheads); variance analysis (sales and standard marginal costs); uniform costing; costing and computers. Part 6 case exercises.