S.No Concept Topic Chapter No Question No.

Traditonal cost management vs Strategic cost Theory, 1(Extra

1 management Introduction to strategic cost management 1 material)

2 Strategic positioning Analysis Introduction to strategic cost management 1 Theory

3 Structural Cost Driver vs Executional Cost Driver Introduction to strategic cost management 1 Theory, 1
Value Chain Analysis and Value Shop
4 Value chain analysis vs value shop model Model 1 Theory,5
Value Chain Analysis and Value Shop
5 Value Chain of one industry Model 1 6
Value Chain Analysis and Value Shop
6 Benefits of Value Chain Model 1 7
Value Chain Analysis and Value Shop
7 Criticisms of Value Chain Model 1 7
Value Chain Analysis and Value Shop
8 Cost reduction in primary activities of value chain Model 1 10
Strategic framework for value chain
9 Porter's Five Forces Model analysis 1 14
Strategic framework for value chain
10 Core Competencies Analysis analysis 1 Theory
Strategic framework for value chain
11 Segmentation Analysis analysis 1 Theory, 15
Strategies for competitive advantage [Cost leadership, Strategic framework for value chain Theory, 16, 2 (extra
12 product differentiation and focus] analysis 1 material)
Cost Leadership and product differentiation Strategic framework for value chain
13 interpretation through profitability statement analysis 1 18
14 Cost of Quality - Classification and statement Total Quality Management 2 Theory, 1
15 Optimal COQ Total Quality Management 2 Theory, 11
16 Six C's of TQM Total Quality Management 2 Theory
17 Deming's 14 points methodology Total Quality Management 2 Theory
Relationship between conformance and non-
18 conformance cost Total Quality Management 2 9
S.No Concept Topic Chapter No Question No.
19 What is business excellence model Business excellence models 2 Theory
20 Different business excellence models Business excellence models 2 Theory

21 Fundamentals, criteria and RADAR framework of EFQM Business excellence models 2 16

Seven categories of Balridge criteria of performance
22 excellence Business excellence models 2 Theory,15
23 Three measures of TOC Theory of constraints 2 Theory, 17
TA ratio of factor, statement of ranking and statement of
24 allocation Theory of constraints 2 20
25 TA ratio of product Theory of constraints 2 21
26 Marginal costing vs TOC Theory of constraints 2 25
27 Five steps in resolving a constaint in TOC Theory of constraints 2 2(Extra material)
28 What is Supply Chain Management Supply Chain Management 2 Theory
29 Upstream and downstream supply chain Supply Chain Management 2 Theory
30 Six Markets Model Supply Chain Management 2 Theory
31 Customers Account Profitability Supply Chain Management 2 Theory
32 SCM Process (Plan, Develop, Make and Deliver) Supply Chain Management 2 29
33 Customer Lifetime Value Analysis Supply Chain Management 2 31
34 Concept of Vendor Managed Inventory Supply Chain Management 2 4(Extra material)

35 Advantages and disadvantages of outsourcing Gain sharing arrangement and outsourcing 2 Theory, 33

36 What is Gain sharing Arrangement Gain sharing arrangement and outsourcing 2 Theory, 35
37 What is Lean system Lean system and innovation 3 Theory
38 Seven types of waste Lean system and innovation 3 Theory
39 JIT Purchasing vs JIT Production Just-in-time 3 Theory
40 Impact of JIT on costs Just-in-time 3 Theory
41 Concept of Takt Time and Process Cycle efficiency Just-in-time 3 12
JIT financial analysis - carefully check Carrying cost
42 computation Just-in-time 3 1
JIT vs Normal system - Condition of minimum labour
43 payment Just-in-time 3 2
S.No Concept Topic Chapter No Question No.
JIT vs Normal system - No Condition of minimum
44 labour payment - VC per unit changes every period Just-in-time 3 4
45 JIT's role in competitive advantage Just-in-time 3 5
46 JIT's impact on profitability Just-in-time 3 11
Kanban system - Kanban size - Number of Kanban -
47 Factors/precautions of Kanban System Just-in-time 3 2(Extra material)
48 Backflush costing Just-in-time 3 3
49 Kaizen costing vs standard costing Kaizen costing 3 5(Extra material)
50 Impact of Kaizen on employee management Kaizen costing 3 5(Extra material)
51 5S 5S 3 Theory, 18
52 What is TPM and its 8 pillars Total Productive Maintenance 3 Theory
53 OEE along with benchmark ratios Total Productive Maintenance 3 19
54 Connection between TQM and TPM Total Productive Maintenance 3 21
What is six Sigma - Percentage defects for one to six
55 sigma Six Sigma 3 Theory
56 DMAIC vs DMADV Six Sigma 3 Theory
57 What is BPR and PI BPR vs PI 3 Theory
58 Principles of BPR BPR vs PI 3 Theory
59 Why employees are reluctant to agree on BPR BPR vs PI 3 28
60 Information system needed for BPR BPR vs PI 3 32
61 Benefits and limitations of cellular manufacturing Cellular manufacturing 3 Theory
62 Rank order clustering algorithm Cellular manufacturing 3 13(Extra material)
63 Different machine cell designs Cellular manufacturing 3 13(Extra material)
64 Impact of Cellular Manufacturing on Employees Cellular manufacturing 3 12(Extra material)
Why cellular manufacturing is scientific way of doing
65 production Cellular manufacturing 3 11(Extra material)
66 Cost control vs cost reduction Cost control and cost reduction 4 Theory
67 Steps in target costing Target costing 4 Theory
68 Problems with Target Costing Target costing 4 Theory, 7
69 Suitability of Target costing Target costing 4 Theory, 7
70 Computation of target cost - basics Target costing 4 3
S.No Concept Topic Chapter No Question No.
Analysis of non-value added activities and advise on
71 cost reduction Target costing 4 14
72 Computation of target cost - Advanced - with ABC Target costing 4 9
Question 1 (Extra
73 Proportionate cost reduction plan Target costing 4 Material)
74 4 Stages of Product Life Cycle Life Cycle Costing 4 Theory

75 Characteristics and Strategies at different stages of PLC Life Cycle Costing 4 Theory
76 Benefits and uses of Life Cycle Costing Life Cycle Costing 4 Theory
77 Suitability of life cycle costing Life Cycle Costing 4 15
78 Life cycle costing - basics Life Cycle Costing 4 16
79 Possible reasons for change in cost at different stages Life Cycle Costing 4 19
80 Cost, SP behaviour at different stages of PLC Life Cycle Costing 4 22
81 Impact of locked in cost Life Cycle Costing 4 23
82 Pareto Analysis and its application Pareto Analysis 4 Theory
83 Pareto chart and interpretation Pareto Analysis 4 29
84 EMA and its application Environmental Management Accounting 4 Theory
Theory, Question 3
85 Practical/Henson and Mendoza Classification Environmental Management Accounting 4 (Extra Material)
86 Techniques to identify environmental costs Environmental Management Accounting 4 Theory, 33
87 Controlling environmental costs Environmental Management Accounting 4 Theory, 34
88 Advantages and disadvantages of EMA Environmental Management Accounting 4 Theory
89 Profitability statement under EMA Environmental Management Accounting 4 38
90 Format of marginal cost statement Basics of marginal costing 6 1
91 Concept of PVR Basics of marginal costing 6 1, Equation
92 Concept of Break-even point/Break-even sales Basics of marginal costing 6 1, Equation
93 Concept of MOS Basics of marginal costing 6 1, Equation
94 Sales to maintain desired profit Basics of marginal costing 6 1
95 Profit at desired sales level Basics of marginal costing 6 1
96 Rate of return on sales Basics of marginal costing 6 1
Sales to maintain original profit/ original profit per unit
97 with revision in cost Basics of marginal costing 6 1
S.No Concept Topic Chapter No Question No.
BEP for Multiple products - Concept of contribution per
98 set Basics of marginal costing 6 4
Splitting Total overheads into variable and fixed
99 overheads along with inflation adjustment Basics of marginal costing 6 7
Sales/selling price to maintain same net profit ratio/net
100 profit Basics of marginal costing 6 7
Permanent/proportionate loss in existing product while
101 introducing a new product Basics of marginal costing 6 9
102 BEP with multiple fixed and multiple variable cost Basics of marginal costing 6 11
103 BEP with semi-variable cost Basics of marginal costing 6 13
CVP Analysis under conditions of
104 CVP Analysis under conditions of uncertainty uncertainty 6 20
105 Relevant cost of material Relevant cost 6 30, Chart
106 Relevant cost of labour Relevant cost 6 31, Chart
107 Relevant cost of captive usage Relevant cost 6 33, Chart
108 Relevant cost of overheads Relevant cost 6 44, Chart
109 Additional factors for special order Relevant cost 6 43
110 Relevant cost of usage of machine Relevant cost 6 37
Reasons for non-usage of relevant costing over longer
111 term Relevant cost 6 38
112 Negative relevant cost of material Relevant cost 6 39
113 Additional factors for special export order Relevant cost 6 45
114 Indifference Point Indifference point and Shut-down point 6 46
115 Indifference point for three alternatives Indifference point and Shut-down point 6 48
116 Shut-down point Indifference point and Shut-down point 6 49
117 Qualitative factors impact shut-down decision Indifference point and Shut-down point 6 49
Limiting factor - basic - single factor - no constraints
118 [Statement of ranking and statement of allocation] Limiting factor 6 51
Limiting factor - no restriction on demand - opportunity
119 cost Limiting factor 6 51
Limiting factor - differential fixed cost at diferential
120 capacities Limiting factor 6 54
S.No Concept Topic Chapter No Question No.
121 Limiting factor - uniform product specific fixed cost Limiting factor 6 55
Limiting factor - difffential change in product specific
122 fixed cost Limiting factor 6 58
123 Limiting factor - Minimum demand Limiting factor 6 59
Multiple limiting factor - Two Products - Graphical Limiting factor 60
124 Method LPP 6 7
125 Make vs buy decision - basic analysis Make or buy decision 6 64
126 Qualitative factors impacting make vs buy decision Make or buy decision 6 Theory
Limiting factor - Sale of FG & In-house making of
127 component Make or buy decision 6 69
Make vs buy decision - limiting factor - ranking based on
128 savings per unit Make or buy decision 6 68
129 Cost of prediction error Make or buy decision 6 70
130 Indifference point and Make/buy decision Make or buy decision 6 70
Non-financial/qualitative factors in priortizing order
131 from new customer as compared to existing customer Make or buy decision 6 71
132 Format of cost sheet Special orders 6 83

133 Long-term and short-term view of taking a special order Special orders 6 2(Extra material)
134 Long-term and short-term view of taking a rush order Special orders 6 2(Extra material)
135 Labour efficiency computation and piece rate system Evaluation of multiple alternatives 6 85
136 EOQ and carrying cost computation Evaluation of multiple alternatives 6 92
Estimation of raw material, WIP and FG for carrying cost
137 computation Evaluation of multiple alternatives 6 94
Decision on further processing - Incremental
138 revenue/cost format and analysis Decision on further processing 6 98
139 Dropping a product line - Analysis Dropping a product line 6 100
Qualitative factors of shut-down point/dropping a
140 product Dropping a product line 6 5(Extra material)
Ethics and non-financial considerations in
141 Case study on ethical concerns decision making 6 108
S.No Concept Topic Chapter No Question No.
Ethics and non-financial considerations in
142 Qualtitative factors of outsourcing (detailed) decision making 6 109
143 Non-financial considerations and Ethics Decision Making 6 Theory
144 Qualitative factors for different decisions Decision Making 6 Theory
145 Profit Maximization Model Pricing Decision 7 13
Competitive pricing vs cost based pricing vs value based
146 pricing Pricing Decision 7 Theory, 14

147 Pricing during recession and pricing below marginal cost Pricing Decision 7 Theory
148 Categories of new products and pricing strategy Pricing Decision 7 Theory
149 Market entry pricing strategies Pricing Decision 7 Theory
Minimum price for new product and well-established
150 product Pricing Decision 7 2
151 Pricing policy for different situations Pricing Decision 7 7,8,9,10
152 Price Adjustment policies Pricing Decision 7 Theory,26
153 Sensitivity in pricing decisions Pricing Decision 7 Theory
Pricing policy to get required return on
154 investment/capital employed Pricing Decision 7 4
155 Pricing policy for strategic new products Pricing Decision 7 12
Skimming pricing - Changes to selling price and cost
156 during various stages of product life cycle Pricing Decision 7 19
157 Elasticity of demand and impact on pricing Pricing Decision 7 21
Situations when penetration/ skimming pricing is to be
158 applied Pricing Decision 7 23
Reasons why product maximization model does not
159 work Pricing Decision 7 25
160 Performance report of cost centre/profit centre Financial measures of performance 8 1
161 ROI vs RI basics and conflict Financial measures of performance 8 2
162 ROI Goal congruence issues Financial measures of performance 8 5
Impact of new investments/ delayed supplier payments
163 on ROI Financial measures of performance 8 7
164 EVA - Advantages and disadvantages Financial measures of performance 8 9
S.No Concept Topic Chapter No Question No.
165 EVA - Features Financial measures of performance 8 10
166 EVA and share price analysis Financial measures of performance 8 12
167 Computation of EVA Financial measures of performance 8 16
168 ROI/RI - Disadvantages Financial measures of performance 8 23
169 Detailed financial analysis Financial measures of performance 8 28
170 EVA - Adjustments Financial measures of performance 8 Theory
Relationship between financial measures and non-
171 financial measures of performance Non-financial measures of performance 8 29
172 Importance of non-financial measures Non-financial measures of performance 8 30
How should uncontrollable costs be disclosed in
173 performance reports Non-financial measures of performance 8 30
174 Building block model Non-financial measures of performance 8 36
175 Performance Pyramid Non-financial measures of performance 8 37
Relationship between rewards, standards block and
176 dimensions Non-financial measures of performance 8 41
177 Performance Prism Non-financial measures of performance 8 43
178 Triple bottom line Non-financial measures of performance 8 46
Essential components of Performance Management
179 System Non-financial measures of performance 8 2 (Extra Material)
180 What is performance management indicator Non-financial measures of performance 8 4 (Extra Material)
181 Industries in which building block model is applicable Non-financial measures of performance 8 5 (Extra Material)

182 Goals and performance measures of balanced scorecard Balanced scorecard 8 50

51,52,53,54,58,59,60,
183 Different balanced scorecards Balanced scorecard 8 62,63, 66
184 Balanced scorecard vs Performance Prism Balanced scorecard 8 55
185 Balanced scorecard vs only financial measures Balanced scorecard 8 57
Advantages and disadvantages of financial as well as
186 non-financial measures Balanced scorecard 8 65
187 Process of benchmarking Benchmarking 8 Theory
Perfomance measurement in the Not for
188 Value for Money Framework profit sector 8 Theory
S.No Concept Topic Chapter No Question No.
Challenges in measuring performance of Not-for-profit Perfomance measurement in the Not for
189 sector/ Need for non-financial measures profit sector 8 Theory, 81
Perfomance measurement in the Not for
190 Difficulties in measuring efficiency and effectiveness profit sector 8 74A
Perfomance measurement in the Not for
191 Guidelines for audit team to do a VFM audit profit sector 8 75
192 Minimum transfer price and maximum transfer price Transfer Pricing 9 Theory Chart

193 Differential selling price - TP without capacity constraint Transfer Pricing 9 2

194 Differential selling price - TP with capacity constraint Transfer Pricing 9 4
195 Negotiations based transfer pricing Transfer Pricing 9 7
10, 2 (Extra
196 Division + Company strategy - Impact of TP on strategy Transfer Pricing 9 Material)
197 Transfer pricing and impact on ROCE Transfer Pricing 9 16
198 Transfer pricing and profit maximization model Transfer Pricing 9 17
199 TP based on Shared cost Transfer Pricing 9 24
Dual Rate transfer pricing and Two-part transfer pricing
200 system Transfer Pricing 9 26
201 Concept of two quotes for transfer pricing Transfer Pricing 9 25
202 Impact of Arm's length adjustment on transfer price Transfer Pricing 9 18
Profitability statement for international transfer pricing -
203 Different TP scenarios and different tax rates Transfer Pricing 9 21
Concept of Growth, Productivity and Price recovery Growth, Productivity and Price recovery
204 variances variances 10 1,3
205 Benefits of direct product profitability Activity Based Costing 10 Theory
206 Benefits of Customer Profitability Analysis Activity Based Costing 10 Theory
207 What is Activity based cost management Activity Based Costing 10 Theory
208 Four levels of activities Activity Based Costing 10 4
209 Value-added vs Non-value added activities Activity Based Costing 10 5
210 ABC - Basics sum Activity Based Costing 10 6
211 Suitability of Activity based costing Activity Based Costing 10 15
212 Advantages of Activity based costing Activity Based Costing 10 20
S.No Concept Topic Chapter No Question No.
Direct Product Profitablity/ Customer
213 Direct product profitability analysis profitablity analysis 10 23
Direct Product Profitablity/ Customer
214 Suitability of Activity based cost management profitablity analysis 10 24
Direct Product Profitablity/ Customer
215 Customer profitability analysis profitablity analysis 10 26,32
Direct Product Profitablity/ Customer
216 Impact of Customer profitability analysis on profits profitablity analysis 10 31
Service organizations where customer profitability Direct Product Profitablity/ Customer
217 analysis is suitable profitablity analysis 10 33
Fundamental aspects of Customer Relationship Direct Product Profitablity/ Customer
218 Management profitablity analysis 10 34
219 Activity based budgeting - What and benefits? Activity based budgeting 10 Theory, 36
220 What is budgetary control Chapter 11 11 Theory
221 Feed-back and Feed-forward control Feed-back and Feed-forward control 11 Theory, Qn No.1
222 Effect of budet difficulty on performance Behavioural issues 11 Theory

223 Advantages and disadvantages of Top-down budgeting Behavioural issues 11 Theory

224 Advantages and disadvantages of Bottom-up budgeting Behavioural issues 11 Theory, 8

Budget constrained styles vs Profit conscious styles vs
225 non-accounting style of performance evaluation Behavioural issues 11 Theory
226 Budgetary slack and impact of same on resources Behavioural issues 11 7
227 Reluctance of managers in budget preparation process Behavioural issues 11 9
228 What is beyond budgeting Beyond budgeting 11 Theory, 16
229 Advantages of beyond budgeting Beyond budgeting 11 Theory, 16
230 Suitability of beyond budgeting Beyond budgeting 11 Theory, 16
Principles of beyond budgeting - 12 principles
231 (management process and leadership) Beyond budgeting 11 Theory
232 Multiple RM - Material Variances Cost and sales variances 12 1
233 Impact of Opening stock on material variances Cost and sales variances 12 2
234 Material Purchase Price Variance Cost and sales variances 12 2
S.No Concept Topic Chapter No Question No.
235 Multiple labour with idle time Cost and sales variances 12 6
236 Multiple labour without idle time Cost and sales variances 12 7
237 VOH Variances Cost and sales variances 12 8
238 FOH variances with calendar Cost and sales variances 12 10
239 OH variances with semi-variable cost Cost and sales variances 12 13
240 Sales variances - Multiple FG - All approaches Cost and sales variances 12 15
241 Reasons for adverse variances Cost and sales variances 12 24
242 Variances with equivalent units Variances with equivalent units 12 26
243 Four methods of reconciliation Reconciliation of cost and profits 12 28
244 Computation of budgeted profit and standard profit Reconciliation of cost and profits 12 28
245 Reconciliation with single plan Reconciliation of cost and profits 12 31
Analysis of reconciliation statement with discussion on
246 performance Reconciliation of cost and profits 12 32
247 Market size and share variance (Multiple FG) Market size and share variance 12 33
Analysis of market size and share and discussion on
248 performance Market size and share variance 12 34
249 Market size and share variance (Single FG) Market size and share variance 12 35
250 Reverse working Reverse working 12 39
Planning and operating variances - Controllable and
251 uncontrollable element for plannning variance Planning and Operating variances 12 48
252 Planning and operating variances - basics Planning and Operating variances 12 49
253 Planning and operating variances - learning curve Planning and Operating variances 12 51
254 Planning and operating variances - Reconciliation Planning and Operating variances 12 52
255 ABC variances - Basics ABC and Variance Analysis 12 60
256 ABC variances - Advanced ABC and Variance Analysis 12 64
ABC variances - Interpretation and investigation of
257 variances ABC and Variance Analysis 12 66
Relevant costing approach for variance
258 Relevant costing approach for variance analysis analysis 12 67
259 Learning curve - doubling of production Learning curve 13 1
260 Learning curve - non- doubling of production Learning curve 13 3
261 Minimization problem - Graphical Method LPP 14 8
S.No Concept Topic Chapter No Question No.
262 Simplex Method - Maximization LPP 14 1
263 Simplex Method - Minimization LPP 14 2
264 Simplex Method - Interpretation LPP 14 4
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