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ACCA - CAT 4: Accounting for Costs: ACCA-CAT4-QB

ACCA - CAT 4: Accounting for Costs: ACCA-CAT4-QB

          
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About the Book

SYLLABUS CONTENT 1 Management information (a) Nature and purpose of internal reporting (i) financial and non-financial information for managers (ii) cost centres, profit centres and investment centres and the impact of these on management information and appraisal (b) Management information requirements (i) definition and importance of good information (ii) presentation of information (iii) role of accounting technicians and accounting information (iv) role of information technology (c) Maintaining an appropriate cost accounting system (i) cost units and responsibility centres (ii) sources of relevant information (iii) methods for recording, processing and storing relevant information (iv) analysis and dissemination of output information 2 Cost classification and cost behaviour (a) Cost classification (i) classifications used in cost accounting according to purpose (b) Cost behaviour (i) cost behaviour patterns (ii) identification of fixed, variable and semi-variable costs (iii) use of fixed, variable and semi-variable costs in cost analysis (iv) analysis of the effect of changing activity levels on unit costs 3 Elements of cost (a) Materials (i) direct and indirect material costs (ii) methods of inventory control and valuation including First In First Out, Last In First Out and weighted average cost (iii) relationship between the materials costing system and the inventory control system (b) Labour (i) direct and indirect labour costs (ii) methods of payment for and calculation of payments for labour (iii) relationship between the labour costing system and the payroll accounting system (c) Overheads (i) direct and indirect expenses (ii) procedures and documentation relating to expenses (iii) relationship between the accounting system and the expenses costing system 4 Marginal costing and absorption costing (a) Marginal costing (b) Absorption costing (i) bases of allocating and apportioning indirect costs(overheads) to responsibility centres (ii) bases of absorption (iii) over and under absorption of overheads (c) Marginal versus absorption costing for costing and reporting purposes 5 Product and service costs (a) Job and batch costing (i) characteristics (ii) direct and indirect costs (b) Process costing (i) characteristics (ii) normal losses and abnormal losses and gains (iii) accounting for scrap (iv) closing work in progress and equivalent units (v) joint products and by-products (c) Service costing (i) characteristics (ii) cost units 6 Estimating costs and revenues (a) CVP analysis (i) break-even analysis (ii) margin of safety (iii) target profit (iv) contribution / sales ratio (v) simple break-even chart and profit/volume graph (b) Decision-making (i) concept of relevant costs (ii) short-term decisions (iii) optimal production plan given a scarce resource (c) Discounted cash flow techniques (i) simple and compound interest (ii) nominal and effective interest (iii) discounted cash flow (iv) annuities and perpetuities (v) payback period.


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Product Details
  • ISBN-13: 9781848081840
  • Publisher: Get Through Guides
  • Publisher Imprint: Get Through Guides
  • Height: 297 mm
  • Sub Title: ACCA-CAT4-QB
  • ISBN-10: 1848081847
  • Publisher Date: 01 Jan 2010
  • Binding: Paperback
  • Spine Width: 8 mm
  • Width: 210 mm


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