Diploma In Cost and Management Accounting Abaseen Institute of Medical & Modern Sciences

Course details

Module1 (Diploma In Cost and Management Accounting)

  • Introduction to Cost Accounting 
  • Cost Accounting Terms 
  • Financial Statements 
  • Problems in Preparation of Financial Statements 
  • Inventory Management 
  • Material: Inventory Maintenance & Costing 
  • Material: Inventory Costing & Maintenance System 
  • Material: Inventory Control System 
  • Material: Normal & Abnormal Loss and Inventory Turnover 
  • Labor: Introduction 
  • Payroll and Incentive 
  • Labor: Piece Rate Base Premium Plans 
  • Labor: Labor Turnover and Labor Efficiency Ratios 
  • FOH: Allocation and Apportionment of FOH Cost

Module2 (Diploma In Cost and Management Accounting)

  • Factory Overhead Variances 
  • Factory Overhead Variances Analysis & Activity Levels 
  • Job Order Costing 
  • Process Costing 
  • Process Costing System (Opening Balance of Work in Process) 
  • Valuation of Joint Products and By Products 
  • Marginal & Absorption Costing 
  • Cost Volume Profit Analysis: Contribution Margin Approach 
  • Cost Volume Profit Analysis: Break-even Approach 
  • Cost Volume Profit Analysis: Margin of Safety 
  • Cost Volume Profit Analysis: Break-even Analysis Charts and Graphs 
  • Budgeting and its Importance 
  • Production and Sales Budget 
  • Flexible Budget 
  • Types of Budget 
  • Complex Cash and Flexible Budget 
  • Zero Based Budgeting 
  • Decision Making and Costing

About Abaseen Institute of Medical & Modern Sciences

AIMMS (Abaseen Institute of Medical & Modern Sciences) is the only ISO Certified, &  the biggest educational network of its kind in the country and spread throughout all provinces. It is to further clarify that AIMMS is affiliated institute with Trade Testing Board, Board of Technical Education KPK, Skill Development Council Punjab, Board of Technical Education,  and other national and international bodies of education like United Kingdom Association of Professionals(UKAP), American Learning Center Virginia of USA and  especially for international students, and is working as a registerd firm.  AIMMS does not issue its own certification, but it helps the prospective students issue various diplomas/certificates and awards with the collaboration of these affiliated bodies.

AIMMS, the only home of learning where your dream to get 1 & 2 year professional diploma of International standard, has become easier now. The ocean of learning & motivation, pioneer in Distance Learning, Assignment, Home Based Study and Experience Based education, and the only ISO certified and Govt recognized organization of its kind in the region, engaged in providing education under unique style at your door step and shape your skills into productive excellence. 

The launch of Abaseen Institute of Medical and Modern Science (AIMMS) is a hall-mark event in the educational history of Pakistan. In collaboration with well-reputed organizations of the country and abroad, and the liberal support of professionals, AIMMS is taking big strides on the way to unprecedented progress. It has brought in vogue education at your door steps through various strategies which includes Distance Learning Program (DLP), FAST Track Education System (FTES) and Experience based education program known as RPL. This will have tremendous impact on the socio-economic growth of the country.

AIMMS provides competency based, Skill-oriented  certification, Diplomas, Certified Professional Management (CPM) and  experienced professionals in the field of research, management, health, technical, vocational and computer related technologies to help the under privileged segments of the society. To bring prosperity through skill is the sole motto of AIMMS. For all technical and practical courses, previous experience is required, otherwise, we can arrange periodic workshop for the students if the required number of students get enrolled.

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