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
14 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
10m 06sLimiting Factors
5 QuestionsLinear Programming
10m 00sLinear Programming
5 QuestionsApplication of Costing Methods
14 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 QuestionsVariance Analysis
12 StepsSales Variances
05m 18sSales 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 QuestionsBudgeting and Budgetary Control
22 StepsIntroduction 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 QuestionsShort-term Commercial Decision-making
18 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 QuestionsRisk and Uncertainty in the Short Term
5 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 Questions