Admin
03-02-10, 12:54 AM
Aims
To develop knowledge and understanding of how organisations record, analyse and report current and future costs and revenue data for use within the organisation.
Objectives
On completion of this paper, candidates should be able to:
explain the role of management accounting within an organisation and the requirement for management information
describe costs by classification and behaviour
identify appropriate material, labour and overhead costs
understand and be able to apply the principles of marginal costing and absorption costing
understand and be able to calculate product and service costs
understand and be able to apply methods of estimating costs and revenues.
To develop knowledge and understanding of how organisations record, analyse and report current and future costs and revenue data for use within the organisation.
Objectives
On completion of this paper, candidates should be able to:
explain the role of management accounting within an organisation and the requirement for management information
describe costs by classification and behaviour
identify appropriate material, labour and overhead costs
understand and be able to apply the principles of marginal costing and absorption costing
understand and be able to calculate product and service costs
understand and be able to apply methods of estimating costs and revenues.