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
10m 07sCost Classification
5 QuestionsCost Behaviour
09m 02sCost Behaviour
5 QuestionsCost Accounting Techniques - Inventory - Part 1
07m 34sCost Accounting Techniques - Inventory - Part 1
5 QuestionsCost Accounting Techniques - Inventory - Part 2
06m 29sCost Accounting Techniques - Inventory - Part 2
5 QuestionsRelevant 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
8 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 QuestionsSummarising Data and Use of Normal Distribution Tables
12m 09sSummarising Data and Use of Normal Distribution Tables
5 QuestionsModule Summary Notes