Chapter1 Accounting for management

1.1 About paper F2

1.2 Data and information

1.3 Planning, control and decision-making

1.4 Management accounting and financial accounting

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Chapter2 Sources of data

2.1 Sampling method-1

2.2 Sampling method-2

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Chapter3 Cost classification

3.1 Direct and indirect cost

3.2 Cost classification based on function

3.3 Cost classification for the preparation of statements

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Chapter 4 Cost behaviour

4.1 Cost classification based on cost behavior

4.2 Analysing linear cost behavior: high-low method

4.3 Some terms about cost accounting

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Chapter 5 Accounting for materials

5.1 Stock control

5.2 Stock control levels

5.3 EOQ model

5.4 EOQ model and bulk discount

5.5 EBQ model

5.6 Pricing material issues-FIFO and LIFO

5.7 Pricing material issues-weighted average method

5.8 Stock control system

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Chapter 6 Accounting for labour

6.1 Measuring labour activity

6.2 Time work and piecework scheme

6.3 Bonus schemes-1

6.4 Bonus schemes-2

6.5 Labour turnover

6.6 Accounting for labour costs

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Chapter 7 Accounting for overhead

7.1 Accounting for overhead

7.2 Overhead allocation

7.3 Overhead apportionment-stage 1

7.4 Overhead apportionment-stage 2

7.5 Overhead absorption

7.6 Over-under absorbed overhead

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Chapter 8 Absorption and marginal costing

8.1 Marginal costing and contribution

8.2 Profit statement under AC and MC

8.3 Reconciliation of profits under AC and MC

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Chapter 9 Job, batch and service costing

9.1 Costing methods

9.2 Job costing

9.3 Batch costing

9.4 Service costing

9.5 Example of service costing

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Chapter 10 Process costing

10.1 Main areas of complexity in process costing

10.2 Normal losses, abnormal losses and gains

10.3 Scrap value of normal loss

10.4 Scrap value of abnormal loss and abnormal gain

10.5 Valuing closing WIP

10.6 Valuing opening WIP- FIFO

10.7 Valuing opening WIP- Weighted average cost method

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Chapter 11 Process costing, joint product and by-product

11.1 Joint products

11.2 By-product

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Chapter12 Forecasting

12.1 Correlation

12.2 Linear regression analysis

12.3 Finding the trends of time series

12.4 Finding the seasonal variations of time series - Additive model

12.5 Finding the seasonal variations of time series - Multiplicative model

12.6. Index numbers

12.7 Index numbers and forecasting

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Chapter 13 Budgeting

13.1 Budgetary planning and control systems

13.2 Fixed and flexible budget

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Chapter 14 The budgetary process

14.1 Steps in the preparation of a budget

14.2 Functional budgets

14.3 Cash budget

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Chapter 15 Making budgets work

15.1 Dysfunctional behaviour in budget

15.2 Budget set ways

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Chapter 16 Methods of project appraisal

16.1 Capital expenditure budget

16.2 The time value of money

16.3 Annuities

16.4 The NPV (net present value) method

16.5 The IRR (Internal rate of return) method

16.6 The payback method

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Chapter 17 Standard costing and cost variances

17.3 Labour cost variance

17.4 Variable production overhead variance

17.5 Fixed production overhead variance-1

17.6 Fixed production overhead variance-2

17.1 Standard costing

17.2 Material cost variance

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Chapter 18 Sale variances and operating statements

18.1 Sales variances

18.2 Operating statements under absorption costing

18.3 Operating statements under marginal costing

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