What do you learn in P1?
• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
• How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.
Cost Accounting for Decision and Control
15 StepsCost Classification
Try for freeCost Classification
Try for freeCost Behaviour
Try for freeCost Behaviour
Try for freeCost Accounting Techniques - Inventory - Part 1
Try for freeCost Accounting Techniques - Inventory - Part 1
Try for freeCost Accounting Techniques - Inventory - Part 2
Try for freeCost Accounting Techniques - Inventory - Part 2
Try for freeRelevant Costing
15m 26sRelevant Costing
5 QuestionsLimiting Factors
09m 34sLimiting Factors
5 QuestionsLinear Programming
10m 00sLinear Programming
5 QuestionsModule Summary Notes
Application of Costing Methods
17 StepsOverheads and Absorption Costing
12m 02sOverheads and Absorption Costing
5 QuestionsAbsorption Costing and Under/Over Absorption
10m 32sAbsorption Costing and Under/Over Absorption
5 QuestionsMarginal Costing
06m 23sMarginal Costing
5 QuestionsAC and MC - Calculation of Profits/Losses
09m 01sAC and MC - Calculation of Profits/Losses
5 QuestionsAC and MC - Reconciliation of Profits/Losses
09m 13sAC and MC - Reconciliation of Profits/Losses
5 QuestionsStandard Costing
08m 25sStandard Costing
5 QuestionsActivity Based Costing
17m 29sActivity Based Costing
5 QuestionsThroughput Accounting
08m 17sThroughput accounting
5 QuestionsModule Summary Notes
Variance Analysis
17 StepsSales Variances
05m 18sSales Variances
5 QuestionsSales & Mix Price Variances
06m 54sSales & Mix Price Variances
5 QuestionsMaterials Variances
08m 09sMaterials Variances
5 QuestionsLabour Variances
08m 17sLabour Variances
5 QuestionsVariable Overhead Variances
06m 17sVariable Overhead Variances
5 QuestionsFixed Overhead Expenditure and Volume Variances
07m 26sFixed Overhead Expenditure and Volume Variances
5 QuestionsFixed Overhead Capacity and Efficiency Variances
07m 25sFixed Overhead Capacity and Efficiency Variances
5 QuestionsPlanning and Operational Variances
13m 28sPlanning and Operational Variances
5 QuestionsModule Summary Notes
Budgeting and Budgetary Control
33 StepsLinear Regression Analysis
15m 05sLinear Regression Analysis
5 QuestionsCorrelation and the Correlation Coefficient
15m 35sCorrelation and the Correlation Coefficient
5 QuestionsTime Series Analysis
07m 00sTime Series Analysis
5 QuestionsMoving Averages
12m 50sMoving Averages
5 QuestionsSeasonal Variations
07m 41sSeasonal Variations
5 QuestionsIntroduction to Budgeting
06m 29sIntroduction to Budgeting
5 QuestionsBudgetary Control
17m 06sBudgetary Control
5 QuestionsExample Budget Preparation
09m 04sExample Budget Preparation
5 QuestionsCash Budgets and What If Analysis
08m 05sCash Budgets and What If Analysis
5 QuestionsMaster, Functional, Fixed and Flexible Budgets
03m 31sMaster, Functional, Fixed and Flexible Budgets
5 QuestionsBeyond Budgeting
10m 24sBeyond Budgeting
5 QuestionsTop Down and Bottom Up Budgeting
04m 25sTop Down and Bottom Up Budgeting
5 QuestionsIncremental and Zero Based Budgeting
05m 23sIncremental and Zero Based Budgeting
5 QuestionsRolling Budgets
03m 28sRolling Budgets
5 QuestionsFlexible Budgets
09m 20sFlexible Budgets
5 QuestionsFeedforward Control
04m 01sFeedforward Control
5 QuestionsModule Summary Notes
Short-term Commercial Decision-making
19 StepsPricing Decisions
25m 00sPricing Decisions
5 QuestionsShadow Pricing
09m 02sShadow Pricing
5 QuestionsCost Volume Profit Analysis
14m 23sCost Volume Profit Analysis
5 QuestionsMake or Buy and Other Short Term Decisions
12m 02sMake or Buy and Other Short Term Decisions
5 QuestionsPerformance Analysis
07m 29sPerformance Analysis
5 QuestionsTransfer Pricing
11m 04sTransfer Pricing
5 QuestionsManagement Information Systems and Reports
17m 22sManagement Information Systems and Reports
5 QuestionsSources of Management Information
10m 20sSources of Management Information
5 QuestionsManagement Reports
05m 17sManagement Reports
5 QuestionsModule Summary Notes
Risk and Uncertainty in the Short Term
6 StepsDealing with Risk and Uncertainty in Decision-making - Part 1
08m 04sDealing with Risk and Uncertainty in Decision-making - Part 2
14m 29sDealing with Risk and Uncertainty in Decision-making - Part 3
04m 29sDealing with Risk and Uncertainty in Decision-making - Part 4
11m 00sDealing with Risk and Uncertainty in Decision-making
5 QuestionsModule Summary Notes