Cost Performance Analysis - II:
Concept of budgetary control, budget, budgeting and budgetary control, role of budgetary control in research, performance report, revision of budgets, performance budgeting, programme budgeting
and rolling system. Preparation of cash budget, master budget, flexible budget, production budget, finance budget, functional budget etc.
Activity Based Costing: Concept, Nature or Characteristics, Elements, Process or Stages, Identification of Cost Drivers, Determination of Cost of each activity, Assigning or Tracing Activity Cost to Products, Distinction between Activity Based Costing System and Traditional System, Advantages and Limitations of Activity Based Costing System