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Here is the grid of Syllabus of CAF Cost and Management Accounting.
|Costs Associated with Production||35-45|
|Cost Management Planning and Decisions||30-40|
The course outline gives an overview of Syllabus of CAF Cost and Management Accounting . The detailed Syllabus of CAF Cost and Management Accounting for Spring 2022 attempt is given below.
Costs Associated with Production
- Identify elements of cost of product, job or services.
- Account for elements of cost to accumulate the cost of product, job or services using absorption, marginal and activity-based costing.
- Account for over or under-absorbed overheads.
- Apply inventory valuation techniques for finished goods inventory in the absorption costing system.
- Apply inventory valuation and measurement techniques for raw material inventory.
- Analyze costs of production and service departments for allocation and apportionment of production costs.
- Calculate predetermined factory overheads rate.
- Discuss productivity and efficiency measurement in relation to controlling labor costs.
- Explain the concept of remuneration systems, incentive wage plans and types therein.
- Compute the impact of a learning curve on the productivity of employees.
- Analyze and account for the flow of cost in the process costing system.
- Analyze and account for normal and abnormal loss, abnormal gain and cost of rework in process costing.
- Apply inventory valuation techniques on work in process and finished goods in process costing system.
- Analyze and account for the cost of joint and by-product.
- Apply the target costing tools to given scenarios.
- Compute standard rates of material, labour and factory overhead.
- Analyze different variances.
Cost Management Planning and Decisions
- Analyze cost-volume-profit to support decision making
- Analyze incremental cost-benefit and contribution margin for a special order.
Make or Buy Decisions
- Analyze incremental cost-benefit and contribution margin to take product mix, make or buy decision.
Further Processing Decisions
- Analyze incremental cost-benefit for further processing decision.
Shut Down and Product Discontinuation Decisions
- Analyze cost-benefit to take shut down and product continuation or discontinuation decisions.
Economic Order Quantity (EOQ)
- Calculate EOQ
Safety Stock and Re-order level
- Calculate safety stock and re-order levels.
Syllabus of CAF3 Cost and Management Accounting:
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