Session 1
Difference between Management Accounting and Financial Accounting
Definition of Direct and Indirect Costs
Definition of Variable and Fixed Costs
Session 2
3 types of Manufacturing costs
3 types of Inventory
Manufacturing & Nonmanufacturing costs
Beginning Balance and Ending Balance Equation
Session 4
Capacity
(Not included: Support department costs, common costs, downward demand spiral)
Session 5
Traditional Costing vs. Activity Based Costing
Session 6
Breakeven Point
Contribution Margin
Relevant Costs
Opportunity Costs
Session 7
Cost-Volume-Profit Analysis
Operating Leverage
(Not included: Financial Leverage, Cost Stickiness, Make-or-Buy)
Session 8
Budgeted Income Statement
Cash Budget
Noncash items such as Depreciation Costs
(Not included: Inventory Purchases / Payments, deposits, interest expenses)
Session 9 & 10 & 11 & 12
Actual Costing / Normal Costing / Standard Costing
Basic concept of Variance
(Not included: Job Costing, Process Costing, Variable Costing)
Session 13 & 14
Concept of Transfer Pricing
Market-based Transfer Prices, Cost-based Transfer Prices
(Not included: Responsibility Center, Hybrid Transfer Prices, Transfer Prices & Taxes)