Cost Classification – Costing system – objectives of cost Accounting System – Cost Techniques in Managerial decisions i.e Relevant Cost, Differential cost, Incremental Cost, Opportunity cost, sunk cost (theory & case)

Important factors in Marginal Costing Decisions i.e. pricing decisions under special circumstances Make or Buy decisions, Shut down or Continue decision, Export Vs Local Sale Decision. Expand or Contract Decisions, Product Mix Decisions. (Only Cases)

1. Pricing of a finished Product i.e. Cost plus Pricing, Rate of Return pricing, variable cost pricing, competitive pricing, Incremental pricing 2. Pareto Analysis 3. Own or Lease 4. Sell or further process 5. Marketing decisions

Types of Standards, Setting up of standards, Advantages and Criticism of Standard Costing – Control through variances. (Theory & Case)

Transfer Pricing, Target costing, Life cycle Costing, and Activity Based costing (only theory).