Part 1: Introduction Management accounting defined, described, and compared to financial accounting.
Relevant concepts from management and operations management, and a brief history of management accounting.

Part 2: Microeconomic foundations of management accounting.
Relevant cost analysis.
Cost behavior.
Flexible budgeting.
Cost variances for direct materials and labor.
Cost-volume-profit.

Part 3: Product costing and cost allocations.
Product costing.
Normal costing.
Standard costing.
Activity-based costing.
Allocation of service department costs.
The role of cost in setting prices.

Part 4: Determining the cost of inventory.
Work-in-process.
Alternative inventory valuation methods.
Fixed manufacturing overhead.
Cost variances for variable and fixed overhead.
Joint products.

Part 5: Planning tools and performance measures for projects and divisions.
Capital budgeting.
Operating budgets.
Budgetary incentive schemes.
Divisional performance measures.
Transfer pricing.
Corporate social responsibility.
Summary of key concepts.
Glossary.

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